Bloomberg

Bloomberg
Displaying 12867 results
Bitcoin nears $40,000 as shorts fuel rally on Amazon speculation
INVESTING ALTERNATIVES JUL 26, 2021
Bitcoin nears $40,000 as shorts fuel rally on Amazon speculation

The cryptocurrency's gains were sparked by speculation that Amazon might eventually accept Bitcoin as a method of payment.

Banks making cheap loans to the ultra-rich
YOUR PRACTICE PRACTICE MANAGEMENT JUL 23, 2021
Banks making cheap loans to the ultra-rich

Rock-bottom interest rates have fueled the biggest borrowing binge on record, and even billionaires with enough cash to fill a swimming pool are loathe to sit it out.

JPMorgan to double advisers in broker unit
YOUR PRACTICE PRACTICE MANAGEMENT JUL 23, 2021
JPMorgan to double advisers in broker unit

The bank is planning to hire more than 500 advisers in its traditional brokerage business in coming years, bringing the total in that unit to 1,000.

Goldman spinoff Simon Markets raises $100 million in latest funding round
INVESTING ALTERNATIVES JUL 22, 2021
Goldman spinoff Simon Markets raises $100 million in latest funding round

The financial technology platform, which provides financial advisers with access to alternative investments, saw its valuation top $800 million with the funding round led by WestCap.

SEC's Gensler issues warning about stock tokens
INVESTING EQUITIES JUL 21, 2021
SEC's Gensler issues warning about stock tokens

The SEC chairman made it clear that digital assets that mirror the performance of Amazon.com, Tesla and other well-known companies are probably still covered by U.S. securities laws.

BlackRock voted against 255 directors because of climate issues
YOUR PRACTICE PRACTICE MANAGEMENT JUL 20, 2021
BlackRock voted against 255 directors because of climate issues

According to its stewardship report, the asset manager supported 35% of 843 shareholder proposals that it voted on in the recent proxy season, compared with 17% in the previous year.

Nasdaq teams with Citi, other banks on market for private stocks
INVESTING ALTERNATIVES JUL 20, 2021
Nasdaq teams with Citi, other banks on market for private stocks

Nasdaq Inc. has formed a joint venture with Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to establish a trading venue for shares of closely held companies.

UBS assets and fee income surge in Q2
NEWS WIREHOUSES JUL 20, 2021
UBS assets and fee income surge in Q2

The wealth management business saw $25 billion of inflows of net new fee-generating assets across all regions and also made $7 billion in net new loans to rich clients in the quarter.

Stocks sink as virus worries fuel flight to safety
INVESTING EQUITIES JUL 19, 2021
Stocks sink as virus worries fuel flight to safety

In a reversal of the reopening trade that has powered this year's equity rally, cyclical companies bore the brunt of Monday's sell-off.

Robinhood aims for $35B valuation in IPO
YOUR PRACTICE FINTECH JUL 19, 2021
Robinhood aims for $35B valuation in IPO

The company at the center of this year's meme stock frenzy will market 55 million shares for $38 to $42 each, according to a filing with the SEC.