Tag: Financial markets
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AMC stock has doubled in just ten days, extending a 13-fold rally this year: Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied more than 116% since Monday, according to data from S3 Partners. AMC was the…
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+ Business+ AMC, Financial markets, Hedge funds, Meme stocks, Money, Personal finance, Reddit, Short sellers, Short squeeze, Stock Market, Stocks+
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Ah, Switzerland. Home of fine chocolate, discreet bankers and pharma giants. It’s one of the richest countries on earth per capita, and home to world-leading companies like Nestle and Novartis. But this entire nation of nearly 9 million people with a history going back to the year 1300 has a…
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+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrencies, Cryptocurrency, Ethereum, Finance, Financial markets, Italy, Switzerland+
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Special Purpose Acquisition Companies, or SPACs, have become all the rage in the last year. These “blank check” companies raise money from investors and then look for a company to acquire. They’re multiplying like rabbits: More than 300 such blind pools have come public so far this year according to…
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+ Business+ Acquisitions, Finance, Financial markets, Investing, M&A, Mergers, Money, Personal finance, Private companies, SPACs, Stocks, Tech+
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Credit Suisse and Nomura just did the first stock trades settled via blockchain technology: This week Credit Suisse cut some US equities trades with the Nomura-owned broker Instinet, using blockchain. This technology has been used before to verify other kinds of transactions. But these trades were a “first” because settlement…
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+ Bitcoin, Blockchain, Crypto, Day trading, Ethereum, Finance, Financial markets, Investing, Software, Stock Market, Stocks, Tech, Trading+
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Nestled in the Austrian Alps is the tiny village of Worgl. In 1932, as the world economy was in the depths of the Great Depression, Worgl too had fallen on hard times: What followed was one of the most radical economic experiments in history. The town created a new form…
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Credit Suisse keeps getting smacked. Let’s review a few of their recent scandals: $4.7 billion charge for losses in trades with Archegos Capital Management, the imploding hedge fund $1.5 billion loss likely in dealings with collapsed supply chain finance company Greensill Capital, just three weeks prior Bonus scandal: Former CEO…
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+ Business+ Archegos, Bankruptcy, Banks, Credit Suisse, Finance, Financial markets, Greensill, Investing, Stock Market, Stocks, Wall street+
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Archegos Capital Management, run by Bill Hwang, is imploding, racking up losses at a record pace: Mr. Hwang alone lost approximately $8 billion in 10 days, a person familiar with the matter said, in what traders and investors say was one of the fastest losses of such a large sum…
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+ Business+ Archegos, Banks, Family offices, Finance, Financial markets, Hedge funds, Invest, Investing, Stocks, Wall street+
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Brokers are selling over $30 billion worth of positions in imploding hedge fund Archegos Capital Management, shaking markets. Wall Street does not know exactly how many positions the fund holds for two reasons: It is very lightly regulated because it’s organized as a “family office,” rather than a typical hedge…
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I came across an incredible stat today: Citing data from Dealogic, Barron’s notes that there have been 302 domestic initial public offerings (80% of which are blank-check outfits) raising an aggregate $102.3 billion, so far this year through March 10. For context, the 2020 full-year tally registered at 457 IPOs…
Tremendous 