[

wall street news

]
PAGE 2

Latest from wall street

China hedge funds add $200 billion, trouncing Wall street rivals

China’s early economic recovery from the pandemic fueled rallies in stocks and commodities, lifting returns across all eight hedge fund strategies tracked by PaiPaiWang.

Macro funds, which trade across asset classes, were the best-performer, returning an average 41%, compared to the global average of 10%.(Shutterstock)
Macro funds, which trade across asset classes, were the best-performer, returning an average 41%, compared to the global average of 10%.(Shutterstock)
Published on Feb 08, 2021 07:16 AM IST

What Jeff Bezos was doing before he launched Amazon

Jeff Bezos was enchanted by computer science when the IT industry was in its infancy and he studied engineering at Princeton University.

Jeff Bezos announced n Tuesday that he will step down as Amazon CEO.(Reuters File Photo)
Jeff Bezos announced n Tuesday that he will step down as Amazon CEO.(Reuters File Photo)
Updated on Feb 03, 2021 07:56 AM IST

Wall Street's GameStop bug may have mutated; silver surges

Last week, there were messages on the Reddit forum WallStreet Bets and other places on social media encouraging small investors to buy silver. The metal shot up Monday, but many of the online investors said it wasn't them bidding up the price.

Communications on messaging boards claim hedge funds have now become active on Reddit anonymously, attempting to drive them out of GameStop bets and into silver, but only after hedge funds had taken huge positions.(Reuters)
Communications on messaging boards claim hedge funds have now become active on Reddit anonymously, attempting to drive them out of GameStop bets and into silver, but only after hedge funds had taken huge positions.(Reuters)
Published on Feb 02, 2021 02:57 PM IST

As Nokia stock rallies, here's all you need to know about it

The volatility, triggered by the so-called "Reddit rally", saw gains made by AMC Entertainment Holdings Inc and other favourites evaporate.

Nokia has been the biggest gainer in Europe last week(Bloomberg File Photo)
Nokia has been the biggest gainer in Europe last week(Bloomberg File Photo)
Published on Feb 02, 2021 08:52 AM IST

GameStop: US senators Sanders, Warren call for Wall Street reform

"We need an SEC investigation," Warren told CNN, referring to the federal Securities and Exchange Commission.

"I have long believed that the business model of Wall Street is flawed," Bernie Sanders said.(Reuters)
Published on Feb 01, 2021 12:47 AM IST

Robinhood’s meteoric rise feels the pull of Wall Street physics

A drama that began with a quirky jump in GameStop Corp.’s shares this month has grown into a full-blown rebellion of retail investors against Wall Street’s status quo and left Robinhood, long their beloved brokerage, caught between customers and the cold demands of finance’s gatekeepers.

Robinhood has placed restrictions on the trading in high-flying stocks like GameStop, BlackBerry, and Nokia.(AP)
Robinhood has placed restrictions on the trading in high-flying stocks like GameStop, BlackBerry, and Nokia.(AP)
Published on Jan 30, 2021 07:43 PM IST

GameStop executives sit on $1.3 billion gain from trading frenzy

The video-game retailer’s top executives have seen the value of their holdings surge about $1.3 billion in the wake of a Reddit-fueled trading frenzy that has sent GameStop shares soaring more than 1,500% this month, according to data compiled by Bloomberg.

GameStop board members other than Cohen have added almost $175 million to the paper value of their holdings since early January. A group of directors offloaded shares worth about $20 million in the week Cohen joined the board.(Reuters)
GameStop board members other than Cohen have added almost $175 million to the paper value of their holdings since early January. A group of directors offloaded shares worth about $20 million in the week Cohen joined the board.(Reuters)
Published on Jan 29, 2021 10:48 PM IST

Day-trader favorites rally again as Robinhood eases trading ban

GameStop, the face of the retail craze that’s gripped Wall Street and drawn scrutiny from Washington, surged as much as 143% and was up 105% at $397 as of 5:36 a.m. in New York. The heavily shorted video-game retailer plunged 44% in Thursday’s US cash session for its first slump in six days.

Robinhood’s decision to rein in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even US political leaders -- came after the stock market’s central clearing hub demanded large sums of collateral from brokerages that for weeks had facilitated spectacular jumps in shares such as GameStop.(AP)
Robinhood’s decision to rein in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even US political leaders -- came after the stock market’s central clearing hub demanded large sums of collateral from brokerages that for weeks had facilitated spectacular jumps in shares such as GameStop.(AP)
Published on Jan 29, 2021 04:27 PM IST

American Airlines lost $8.9 billion in a year of pandemic

American predicted that similar revenue trends from late 2020 will carry over into the first three months of 2021.

FILE - In this March 15, 2020 file photo, Lufthansa aircraft are parked on a runway at the airport in Frankfurt, Germany. Due to the Coronavirus Lufthansa had to cancel half of its flights. More than 50,000 people have died after contracting COVID-19 in Germany, a number that has risen swiftly over recent weeks as the country has struggled to bring down infection figures. (AP Photo/Michael Probst, File)(AP)
FILE - In this March 15, 2020 file photo, Lufthansa aircraft are parked on a runway at the airport in Frankfurt, Germany. Due to the Coronavirus Lufthansa had to cancel half of its flights. More than 50,000 people have died after contracting COVID-19 in Germany, a number that has risen swiftly over recent weeks as the country has struggled to bring down infection figures. (AP Photo/Michael Probst, File)(AP)
Published on Jan 28, 2021 07:47 PM IST

What is GameStop? All you need to know about Reddit-driven stock market play

Amateur or small retail investors with their 'dumb money' are playing the real game on Reddit under a community named wallstreetbets.

A GameStop store in Emeryville, California, U.S., on Wednesday, Jan. 27, 2021. GameStop Corp.'s�breathtaking ascent showed no sign of slowing Wednesday, with bullish day traders keeping the upper hand over short sellers who started to capitulate. Photographer: David Paul Morris/Bloomberg(Bloomberg)
A GameStop store in Emeryville, California, U.S., on Wednesday, Jan. 27, 2021. GameStop Corp.'s�breathtaking ascent showed no sign of slowing Wednesday, with bullish day traders keeping the upper hand over short sellers who started to capitulate. Photographer: David Paul Morris/Bloomberg(Bloomberg)
Published on Jan 28, 2021 12:02 PM IST

Wall Street hits records as hopes build for more stimulus

The S&P 500 rose 1.4%, topping its previous all-time high set earlier this month. The Dow Jones Industrial Average, Nasdaq composite and Russell 2000 index of smaller companies also notched record highs, powered by gains in technology, communications, health care and most other sectors.

A better-than-expected start to earnings reporting season also helped lift the market Wednesday.(REUTERS)
A better-than-expected start to earnings reporting season also helped lift the market Wednesday.(REUTERS)
Updated on Jan 21, 2021 04:13 AM IST

Wall Street cuts campaign spending to condemn US politicians

Goldman Sachs will probably curtail donations to leaders who tried to block the election result, and Morgan Stanley similarly pausing its contributions to members of Congress who withheld certifying Biden’s win. Following in their footsteps are JPMorgan Chase and Citigroup Inc.

The banking industry has traditionally been among the biggest backers of US politicians, and lenders were some of the top beneficiaries of tax breaks championed by Republicans and President Donald Trump’s administration(REUTERS)
The banking industry has traditionally been among the biggest backers of US politicians, and lenders were some of the top beneficiaries of tax breaks championed by Republicans and President Donald Trump’s administration(REUTERS)
Published on Jan 11, 2021 08:22 PM IST

Buffett’s Berkshire posts nearly $50 billion loss on coronavirus, operating profit rises

Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share, reflecting $54.52 billion of losses from investments, mainly common stocks.

Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune's Most Powerful Women's Summit in Washington October 13, 2015. REUTERS/Kevin Lamarque/File Photo(REUTERS)
Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune's Most Powerful Women's Summit in Washington October 13, 2015. REUTERS/Kevin Lamarque/File Photo(REUTERS)
Published on May 02, 2020 08:13 PM IST

Wall Street tumbles on lackluster earnings, economic data

The Dow Jones Industrial Average fell 349.04 points, or 1.46%, at the open to 23,600.72.

In this Jan 3, 2020 file photo, the Wall St. street sign is framed by U.S. flags flying outside the New York Stock Exchange in New York.(AP)
In this Jan 3, 2020 file photo, the Wall St. street sign is framed by U.S. flags flying outside the New York Stock Exchange in New York.(AP)
Updated on Apr 15, 2020 07:32 PM IST

Wall Street’s $45 trillion China dream inches toward reality: Xi Jinping

While Xi Jinping signalled that China’s opening remains on track despite the country’s trade war with America, he also made it clear that policy makers will move deliberately.

Almost exactly a year after the country announced historic plans to ease local ownership rules and entry barriers to what’s now a $45 trillion industry, the pace of change has been closer to a crawl than a sprint
Almost exactly a year after the country announced historic plans to ease local ownership rules and entry barriers to what’s now a $45 trillion industry, the pace of change has been closer to a crawl than a sprint
Updated on Nov 12, 2018 02:50 PM IST
SHARE
  • 1
  • 2
Story Saved
×
Saved Articles
Following
My Reads
My Offers
Sign out
New Delhi 0C
Friday, December 02, 2022
Start 15 Days Free Trial Subscribe Now
Register Free and get Exciting Deals