Wall Street
Archegos’ Bill Hwang sentenced to 18 years in prison for massive U.S. fraud
Archegos Capital Management founder Sung Kook “Bill” Hwang attends his sentencing on a fraud conviction stemming from the 2021 collapse of his $36 billion private investment firm, at the United States District Court in Manhattan in New York City, U.S., November 20, 2024. Brendan Mcdermid | Reuters Former billionaire investor Sung Kook “Bill” Hwang was […]
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Stanley Druckenmiller piled into regional banks and made this health-care stock his biggest bet
Key Points Billionaire investor Stanley Druckenmiller built a sizable position in regional banks and made one health-care name his biggest position last quarter. Druckenmiller bought $115 million worth of shares in the SPDR S&P Regional Banking ETF in the third quarter, making it the firm’s seventh-biggest holding. Source
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Stock futures open little changed as traders await Nvidia earnings: Live updates
Traders work on the floor of the New York Stock Exchange during the opening bell on Nov. 13, 2024. Angela Weiss | AFP | Getty Images Stock futures were slightly higher on Sunday night as Wall Street awaits a major earnings week and monitors a seemingly fizzled out postelection rally. Futures tied to the Dow […]
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House Speaker Johnson calls ethics report on Matt Gaetz a ‘rough draft’ and says it shouldn’t be released
U.S. House Speaker Mike Johnson (R-LA) speaks to reporters as House Republican leaders hold a press conference at the U.S. Capitol House in Washington, U.S., November 12, 2024. Nathan Howard | Reuters House Speaker Mike Johnson said Sunday that House Ethics Committee’s probe into Matt Gaetz, President-elect Donald Trump’s pick for U.S. attorney general, is a “Pandora’s box” […]
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Evercore ISI gives its top tech picks for 2025
Evercore ISI already named its favorite technology stocks to own heading into 2025. As a group, information technology is up nearly 32% year to date, one of the top-performing sectors in the S & P 500. Large cap tech stocks in particular have been at the forefront of the equity rally since late 2022, when […]
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How to protect your portfolio against risks tied to President-elect Trump’s tariff agenda
Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda. Davi said he worries the new administration’s policies could be “very inflationary,” so he thinks it is important to choose investments carefully. “Small-cap industrials make more sense than large-cap industrials,” the Astoria Portfolio Advisors CEO told CNBC’s “ETF Edge” this […]
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Wall Street looks for Nvidia to take the baton from election trades to keep rally alive in the week ahead
What exactly President-elect Donald Trump’s second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The postelection rally took a pause this week, with all three major averages […]
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Ron Baron sees Tesla worth $5 trillion in 10 years, says Musk eyeing $30 trillion value one day
Billionaire investor Ron Baron, a longtime Tesla bull and shareholder, believes the electric vehicle company could hit a $5 trillion market capitalization in a decade, saying CEO Elon Musk has an even higher number in mind longer term. “Tesla, I think, is going to be worth $3 or $4 trillion — $5 trillion in 10 […]
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Gary Gensler says he was ‘proud to serve’ as SEC chair, defends his approach to crypto regulation
U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a House Financial Services Committee oversight hearing on Capitol Hill in Washington, D.C., on Sept. 27, 2023. Jonathan Ernst | Reuters Securities and Exchange Commission Chairman Gary Gensler spoke this morning at the Practising Law Institute’s 56th annual conference on securities regulation. It sounded awfully […]
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Investors are pumping money into the Trump trade. Here’s how it did last time
Wall Street has been pumping money into the Trump trade, but investors should be wary before committing capital based on campaign promises, if history is any indication. Investors have been pouring money into stocks tied to Donald Trump’s policies in the weeks before the presidential election and the days since, hoping the President-elect’s return to […]
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