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 …Read More »
Stripe Inc. A new round of funding for the financial-tech company is the most valuable start in the world. Stripe said on Sunday that it had raised 600 600 million from a group of investors, including Ireland’s National Treasury Management Agency, insurer Allianz Se Elizi. 0.16% And AXA S.A. Character …Read More »
European recovery has seen Nasdaq-100 futures decline after the US Senate passed a 9 1.9 trillion stimulus plan.
European stocks rose on Monday while U.S. stocks rose. Technology stock futures fell, with bond yields approaching a one-year high and the world’s largest economy heading for a $ 1.9 trillion stimulus. U.S. weekend The Senate passed a version of its 1.9 trillion stimulus package, before President Joe Biden could …Read More »
Here’s what you need to know Fast forward to your day. (You can also get “5 Things You Need Today” delivered daily in your inbox box. Sign up here.) 1. Capitol riots 2. Corporate feedback Capitol riots are shaking the world of political fundraising, as big companies like Google, Coca-Cola …Read More »
A hedge fund that has a large stake in Tribune Publishing Co. Tipico 0.31% According to people familiar with the matter, the Chicago Tribune and the New York Daily News are seeking to buy the newspaper chain behind the headlines. Alden Global Capital LLC, which is already the Tribune’s largest …Read More »