Elliott Management Corp, a hedge fund known for its high-profile shareholder-activist campaign, wants to join the Ceasing SPAC Craze. The firm, founded by billionaire Paul Singer, is meeting with bankers about raising …
Read More »Netflix to Produce Projects about MGM Race Gameplate Saga
LOS ANGELES – The ending has not been written yet, but the Hollywood Gamestop investment is quickly moving to bring the story of the saga to screen. Netflix Inc. NFLX, separate projects …
Read More »Melvin Capital lost 53% in January, Gametop and other bets hurt
Melvin Capital Management, a hedge fund that has recently taken the brunt of losses from soaring stock prices, lost 53% in January, according to people familiar with the firm. Melvin was founded …
Read More »Amid the Gametop-led frenzy, Jefferies says there is ‘a lot of air’ to come out of a risky property. Another strategist says wait for Dip to buy
The market is implicated in a fighting chair as another day of retail-led feeding frenzy over short-stocks is about to come online. If you thought the trading frenzy was a limited battle …
Read More »Apollo CEO Leon Black stepped down after reviewing Jeffrey Epstein relationship
Leon Black planned to step down as chief executive of Apollo Global Management Inc., after an independent review expected big payouts to the notorious financier Jeffrey Epstein that it was still considered …
Read More »$ 2.75 billion investment in Melvin Capital Management from Citadel, Point 72
Citadel Fund LLC and Point 72 Asset Management are investing $ 2.75 billion in Citadel Fund Alvin Capital Management, which has been hit hard by a series of small bets to start …
Read More »China’s love of Tickcock-style apps is a $ 5 billion IPO
Seeking to raise nearly $ 5 billion from Hong Kong stock sales as a short-video and live-streaming app in terms of popularity in China, Kuishau Technology has its eyes on the world’s …
Read More »How Capital Riot Pushes Big American Companies Into Politics
Following the US Capitol riots, Twitter Inc. banned President Trump’s social-media account. Publisher Simon & Schuster canceled the publication of a book by Sen. Josh Hawley (R., Mo.), which led to a …
Read More »Want to use ETFs to play biotech? choose wisely.
Word size Dream time Biotech companies have been riding a wave of Kovid-19 vaccine enthusiasm for months, as the epidemic re-established investor confidence in the value of their research, technology and platforms. …
Read More »Visa plans to go public after sale
Word size Plaid is more likely to go public than seek another merger partner. Courtesy of NYSE Chances are slim that Plaid will now seek another merger partner that is off sale …
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