Tag Archives: risk

By Joshua Franklin and Krystal Hu (Reuters) – For Jonny Coreson, $4 billion is worth $5 billion. The 32-year-old test prep business owner from Denver invested $100,000 in shares of veteran hedge fund manager Bill Ackman’s special purpose acquisition company (SPAC), Pershing Square Tontine Holdings Ltd, after they soared 25% in December with no imminent deal in sight. This valued the blank-check acquisition firm at $5 billion, when on paper it was worth only the $4 billion it had raised in an… Source link

The New York Times Sexual Harassment Claims Against Cuomo: What We Know So Far Gov. Andrew M. Cuomo of New York is confronting one of the most tumultuous moments of his three terms in office after two women who once worked for his administration accused him of sexually harassing them. Under immense public and political pressure, the governor’s office asked the state attorney general to appoint someone to conduct an outside investigation into the sexual harassment claims against Cuomo, a… Source link

TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have taken notice of the market shakeups, and are working out what it means for investors. According to macro strategist Gurpreet Gill, watching bond yields and stock values closely,… Source link

European Union Competition Commissioner Margrethe Vestager warned of potential antitrust action against Google or other U.S. technology giants if they threaten to pull out of markets. Vestager told the European Parliament’s economy committee on Tuesday that there could be scope for “investigating if it’s actually legal for a dominant provider to stop supplying” services, adding that the EU “would have a number of tools to use.” Also Read | Bitter home truths for… Source link

The enthusiasm over bitcoin’s rise this year has fed on itself, drawing in new investors and sending the price ever higher. But that enthusiasm — ebullience, even — may also present the cryptocurrency’s current biggest risk. Part, if not all, of bitcoin’s (BTC-USD) appeal for many investors is that it’s seen as a store of value. That is, it has value because it’s perceived to have value. While longtime bitcoin buyers may believe the cryptocurrency will become a valid alternative currency,… Source link

Bloomberg Hyundai, Kia Say Not in Car Development Talks With Apple (Bloomberg) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said that they aren’t in discussions with Apple Inc. on cooperating to develop a self-driving electric vehicle, following reports and speculation that they were working with the tech giant.The South Korean carmakers have been talking with multiple companies about autonomous electric car development, but no decision has been made, they said in regulatory… Source link

TipRanks 3 Monster Growth Stocks to Beat the Volatility Volatility is back on the menu. Last week brought January’s trading to a close in what amounted to the stock market’s worst month since October. The GameStop saga hogged the headlines as the retail buying frenzy for names with high short interest raised the possibility the market might be exhibiting bubble behavior. Add into the mix the slow rollout of Covid-19 vaccines and the fear of a delayed return to normalcy, and once again,… Source link

TipRanks 3 “Strong Buy” Stocks with Over 9% Dividend Yield Markets ended 2020 on a high note, and have started 2021 on a bullish trajectory. All three major indexes have recently surged to all-time highs as investors seemingly looked beyond the pandemic and hoped for signs of a rapid recovery. Veteran strategist Edward Yardeni sees the economic recovery bringing its own slowdown with it. As the COVID vaccination program allows for further economic opening, with more people getting back to… Source link

Topline Parler—a social media app increasingly popular among conservatives, including many who participated in Wednesday’s unrest at the U.S. Capitol—is on the brink of being booted from the Internet after Amazon, Apple and Google said they would cut ties with it, all within the span of 24 hours.  Parler was founded by John Matze, Jr., Jared Thomson, and Rebekah Mercer in 2018. AFP via Getty Images Key Facts Amazon notified Parler on… Source link

(Bloomberg) — Tesla Inc.’s historic entry into the S&P 500 could be bad news for shareholders of some other stocks in the index — at least temporarily. Funds that mimic the benchmark are set to buy more than $70 billion of the carmaker’s shares and dump an equal amount of stock in existing members, producing intense selling pressure that could lead to dislocations, warned Greg Sutton, head of portfolio trading at Citadel Securities, one of the most active traders of U.S. stocks. The… Source link