FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermidBOSTON (Reuters) – Billionaire investor William Ackman told clients on Monday that he has nothing to say about an acquisition target for his first blank check company but that he will […]
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Here are the stocks making headlines on Wall Street. Nomura, Credit Suisse – Shares of both banks fell after they warned investors of significant hits caused by the forced liquidation of stock positions held by a U.S. hedge fund. CNBC and other outlets have reported that the fund is Archegos Capital Management, a multibillion dollar family office run by Bill […]
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(Reuters) -Myanmar security forces killed at least five protesters on Monday, three of them in the main city of Yangon, witnesses and media reported, as activists called on ethnic minority forces in the diverse nation to back their campaign against military rule. After the bloodiest day since the Feb. 1 military coup with 114 deaths on Saturday, thousands took to […]
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Archegos Capital Management triggered $20 billion of selling on Friday after it failed to meet margin calls. The leveraged blow-up has Reddit traders questioning who the real systemic risk to the markets. Reddit’s r/wallstreetbets and the retail-trading boom more broadly were said to be a danger to the markets amid the GameStop saga. Sign up here for our daily newsletter, […]
Read more* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates prices, adds paragraph on positioning) LONDON, March 29 (Reuters) – Sterling steadied near $1.38 against the dollar on Monday as a decline in concerns about Britain’s COVID-19 vaccine supply from the European Union helped turn around some of the currency’s recent losses. The […]
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BANGKOK (Reuters) – Hundreds of anti-government protesters gathered on Monday in defiance of a threat by police to make more arrests, a day after nearly 100 demonstrators were detained for breaching public health measures against the coronavirus.Slideshow ( 3 images )Demonstrators demanded the release of jailed activists, raising prospects for another confrontation between police and protesters, who are calling for […]
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The futures traded lower across the board on Monday, as we start the final trading week for the first quarter. All the major indexes, along with the Russell 2000, closed higher Friday after some serious selling last week got the momentum crowd looking for bargains. This week could see more volatility as the pension rebalancing trade, which calls for $61 […]
Read moreFriday’s hedge fund unwind will be contained, short-term: Expert Fairlead Strategies founder and managing partner Katie Stockton on the Archegos hedge fund, financial stocks and bitcoin. U.S. equity markets were mixed Monday as banks were left licking their wounds after a large hedge fund was forced to unwind billions of dollars in positions. Ticker Security Last Change Change % I:DJI DOW JONES […]
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ROME (Reuters) – Mario Draghi’s government expects Italy’s virus-hit economy to grow by 4.1% this year and 4.3% in 2022, three sources close to the matter told Reuters ahead of official publication of the new forecasts next month.Slideshow ( 4 images )The 2021 forecast is a steep downward revision from the 6% growth that had been pencilled in by the […]
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