Tag Archives: Morgan Stanley

What is Archegos and how did it reach the stock market?

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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Tax hikes, furlough extensions, hockey tone: UK budget forecasts

The Chancellor of the Exchequer, Shi Sunak, left 10 Downing Street after attending a Cabinet meeting on February 14, 2020. Barcraft Media As British Finance Minister Shi Sunak prepares to determine the country’s economic path to recovery, analysts are agreeing to the possibility of additional tax increases and future fiscal …

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Poshmark releases S-1 for IPO and shows profit

Rafael Henrik | Lightrocket | Getty Images Poshmark, an online clothing retailer, filed its IPO prospectus on Thursday after making more than $ 30 million in profits in the past two quarters. Founded in 2011, it is an Internet marketplace for poshmarks, second-hand wear, shoes and accessories. Like eBay, Poshmark …

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