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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The country’s three largest banks are urging shareholders to reject racial-equity resolutions after showing solidarity with the Black Lives Matter movement last year. Citigroup Inc. C. + 0.37%, Wells Fargo & Co. WFC, + 1.25% And Bank of America Corp. BAC, + 0.82% It was one of several large U.S. …
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Albert Edwards, a London-based provocative strategist for the French bank society Génrale, has been predicting for decades that the US and Western Europe will follow Japan into an era of deflation and ultrallo bond yields, which he calls the “Ice Age”. Even though some of his warnings about the stock …
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Good results from banks and om tomobile manufacturers on Friday are helping European stocks gain, while flash purchase managers index data reveals ongoing coronavirus epidemic struggles for the sector. U.S. Stock futures were moderately high. Stoxx Europe 600 Index SXXXP, + 0.84% According to Factset, the index has risen 0.6% …
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There is no alternative, or TIAA, has been a solid investment strategy for those who are riding the stock-market wave. But Dutsch Bank’s international private bank’s chief investment office fee has its limitations, as the team has set a 12-month price target for the S&P 500 SPX. + 0.47% 3,300 …
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