According to people familiar with the transaction, investor Bill Hwang caused a storm in the stock market last week when his firm, Archegos Capital Management, and its banks began reducing their holdings in blue-chip companies, according to people familiar with the transaction. The sale has sent shifts to individual stocks …
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Good Friday is next week and the markets will be closed as usual. What is unusual, however, is that the U.S. And with financial exchanges closing in some other parts of the world, the government is preparing to release a major report on employment amid the epidemic. Why is the …
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Following the sudden ouster of the central-bank governor last week, Turkey’s currency fell nearly 8% on Monday, setting the course for its biggest single-day selloff since 2018. According to Factset, the lira touched a low of 2 8,280 compared to 2 7,219. Turkish stock also sank. The uproar erupted after …
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The Justice Department is investigating whether he has a visa Inc. V. -4.77% According to people familiar with the matter, the debit-card market is involved in anti-competitive practices. People say the department’s antitrust department collects information and asks if the largest network of US cards, Visa, which is always less …
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WASHINGTON – The Federal Reserve said Friday it would allow ultrasef assets such as Treasury Securities to recreate large bank accounts for up to a year at the end of the month, hurting Wall Street companies that pushed for expansion. Relief. The decision means that banks will temporarily lose the …
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