A Shadowy but Powerful Wall St. Firm Has Its Moment in Washington

Citadel and its sister business, Citadel Securities, were all over the GameStop debacle. Its founder will face sharp questions on Thursday.

#citadel-investment-group, #gamestop-corporation, #griffin-kenneth-c, #hedge-funds, #house-financial-services-committee, #short-selling

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Who is Stewart Bainum? The New Owner of The Baltimore Sun

Stewart Bainum, a hotel magnate and former politician, has swooped in with a plan to run it and other papers in Maryland as part of a nonprofit.

#alden-global-capital, #bainum-stewart-jr, #baltimore-md, #baltimore-sun, #choice-hotels-international-inc, #content-type-personal-profile, #hedge-funds, #maryland, #news-and-news-media, #nonprofit-organizations, #philanthropy, #tribune-publishing-company

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Hedge Fund Reaches a Deal to Buy Tribune Publishing

The acquisition by Alden Global Capital continues the trend of the financial industry’s taking control of major newspaper chains. The Baltimore Sun, a Tribune paper, will be sold to a Maryland entrepreneur in a separate deal.

#alden-global-capital, #baltimore-sun, #chicago-tribune, #hedge-funds, #medianews-group-inc, #news-and-news-media, #newspapers, #tribune-publishing-company

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Reddit’s ‘Roaring Kitty’ Will Speak at GameStop Hearing

The trader who pumped up the stock on the internet will appear next week with the leaders of the Robinhood app and hedge funds that lost big during the frenzy.

#citadel-investment-group, #gamestop-corporation, #gill-keith-1986, #hedge-funds, #house-committee-on-financial-services, #huffman-steve-1983, #melvin-capital-management-lp, #reddit-inc, #robinhood-financial-llc, #short-selling, #tenev-vladimir

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Bitcoin and Dogecoin Are Boosted by Elon Musk

Bitcoin and even Dogecoin, which began as a playful experiment, are soaring in value as billionaires, companies and celebrities promote the digital currencies.

#bitcoin-currency, #celebrities, #computers-and-the-internet, #dogecoin-project, #electric-and-hybrid-vehicles, #hedge-funds, #mobile-applications, #mobile-commerce-and-payments, #musk-elon, #snoop-dogg, #social-media, #tesla-motors-inc, #virtual-currency

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Wall Street’s Most Reviled Investors Worry About Their Fate

Short sellers — self-described financial detectives who make money when companies fail — were already worried about their success and safety. Then GameStop happened.

#enron-corp, #gamestop-corporation, #hedge-funds, #point72-asset-management-lp, #reddit-inc, #regulation-and-deregulation-of-industry, #securities-and-commodities-violations, #securities-and-exchange-commission, #short-selling, #social-media, #stocks-and-bonds

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The Hopes That Rose and Fell With GameStop

Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on a ride like no other. For them, it ended in different ways, including apathy, defiance and regret.

#amc-entertainment-holding-inc, #computers-and-the-internet, #gamestop-corporation, #hedge-funds, #reddit-inc, #stocks-and-bonds

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Pumps and Dumps and Chumps

Please, stop falling for fake populism.

#computer-and-video-games, #gamestop-corporation, #hedge-funds, #reddit-inc, #short-selling, #social-media, #stocks-and-bonds

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Are GameStop’s ‘Degenerates’ Just Getting Started?

They may have lost their bet. But they haven’t lost their political power.

#banking-and-financial-institutions, #gamestop-corporation, #gill-keith-1986, #hedge-funds, #reddit-inc, #stocks-and-bonds

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Plunging GameStop Shares Test the Will of Investors to Stick With the Ride

After a crazy run-up, the price dropped 72 percent over two days, putting it just 18 percent higher than it was at the start of last week.

#cuban-mark, #gamestop-corporation, #hedge-funds, #stocks-and-bonds

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Robinhood, Under the Gun, Raises $2.4 Billion

The high volume of trading by its customers, many of them egged on by social media, has put a strain on the company’s balance sheet.

#banking-and-financial-institutions, #depository-trust-and-clearing-corporation, #fidelity-investments, #gamestop-corporation, #hedge-funds, #sequoia-capital, #stocks-and-bonds, #tenev-vladimir, #venture-capital

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Why Tackling Gamestop’s Wild Stock Rise Will be a Challenge for Gensler

There is broad agreement that the capital markets have been distorted but less consensus on what, if anything, the S.E.C. should do about it.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #futures-and-options-trading, #gamestop-corporation, #gensler-gary-s, #hedge-funds, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #stocks-and-bonds

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The GameStop Rebellion

What began as a story about Reddit versus Wall Street has since revealed itself to be something larger. We have an explanation of what happened and what it means.

#computer-and-video-games, #computers-and-the-internet, #gamestop-corporation, #hedge-funds, #reddit-inc, #shopping-and-retail, #social-media, #stocks-and-bonds

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Gensler Faces Big Challenge in Tackling GameStop’s Wild Ride

There is broad agreement that the capital markets have been distorted but less consensus on what, if anything, the S.E.C. should do about it.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #content-type-service, #futures-and-options-trading, #gamestop-corporation, #gensler-gary-s, #hedge-funds, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #stocks-and-bonds

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Melvin Capital, Squeezed by Its Bets Against GameStop, Lost 53 Percent in January

A principal reason for the hit to Melvin Capital’s monthly performance were the massive losses the firm suffered when small investors bid up the stock of GameStop.

#citadel-investment-group, #cohen-steven-a, #gamestop-corporation, #hedge-funds, #point72-asset-management-lp, #stocks-and-bonds

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GameStop and Investing for the Long Run

Signs of irrational exuberance abound. Stay sober and invest for the long run, our columnist says.

#banking-and-financial-institutions, #blockbuster-inc, #charles-schwab-corporation, #facebook-inc, #financial-brokers, #gamestop-corporation, #hedge-funds, #long-term-capital-management-lp, #stocks-and-bonds

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The ‘Roaring Kitty’ Rally: How a Reddit User and His Friends Roiled the Markets

A Massachusetts man who goes by “Roaring Kitty” on social media helped fuel the frenzy around GameStop. His $53,000 investment in the company briefly reached $48 million in value.

#computer-and-video-games, #computers-and-the-internet, #gamestop-corporation, #hedge-funds, #reddit-inc, #robinhood-financial-llc, #short-selling, #social-media, #stocks-and-bonds, #video-recordings-downloads-and-streaming

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Robinhood, in Need of Cash, Raises $1 Billion From Its Investors

The no-fee trading app, which is popular with young investors, has been strained by the high volume of trading this week in stocks such as GameStop.

#computers-and-the-internet, #hedge-funds, #initial-public-offerings, #mobile-applications, #robinhood-financial-llc, #start-ups, #stocks-and-bonds, #venture-capital

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GameStop Stock Soars as Reddit Investors Take On Wall St.

GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze — on Wall Street.

#financial-brokers, #gamestop-corporation, #hedge-funds, #reddit-inc, #securities-and-commodities-violations, #short-selling, #social-media, #stocks-and-bonds

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Alden Global Bids for Control of Tribune

Alden Global Capital, which is already Tribune’s biggest shareholder, valued the company at about $520.6 million.

#alden-global-capital, #chicago-tribune, #hedge-funds, #medianews-group-inc, #mergers-acquisitions-and-divestitures, #newspapers, #tribune-publishing-company

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As Steve Cohen Closes In on Mets, Discrimination Claims Cast a Shadow

As M.L.B. owners consider whether to approve Cohen as the new owner of the club, several complaints filed by women at his company loom as potential sticking points.

#baseball, #bonner-lauren, #cohen-steven-a, #discrimination, #hedge-funds, #major-league-baseball, #mergers-acquisitions-and-divestitures, #new-york-mets, #point72-asset-management-lp, #suits-and-litigation-civil, #women-and-girls

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‘The Big Short 2.0’: How Hedge Funds Profited Off the Pain of Malls

As the pandemic accelerated the demise of some brick-and-mortar retailers, a group of investors profited handsomely from their travails.

#coronavirus-2019-ncov, #hedge-funds, #icahn-carl-c, #shopping-and-retail, #shopping-centers-and-malls

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Worried Lenders Pounce on Landlords Unable to Pay Their Loans

Some hedge funds and private equity firms that lent money to property owners are now suing them for falling behind on interest payments.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #credit-and-debt, #foreclosures, #hedge-funds, #kushner-cos, #mark-hotel-manhattan-ny-hotel, #mortgages, #private-equity, #real-estate-commercial, #suits-and-litigation-civil

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A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks

The Dodd-Frank financial law succeeded at making banks safer, but empowered shadowy corners of finance that nearly wrecked the system in March.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #federal-reserve-system, #financial-stability-oversight-council, #government-bonds, #hedge-funds, #mnuchin-steven-t, #prices-fares-fees-and-rates, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #stocks-and-bonds, #treasury-department, #united-states-economy, #united-states-politics-and-government

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Hedge Fund Set to Own McClatchy Oversaw Cuts at Canadian Newspapers

Since Chatham Asset Management took over Postmedia, Canada’s largest newspaper chain, 1,600 employees have been laid off and more than 30 papers shut down.

#canada, #chatham-asset-management, #hedge-funds, #layoffs-and-job-reductions, #mcclatchy-company, #media, #melchiorre-anthony-hedge-fund-manager, #mergers-acquisitions-and-divestitures, #national-post, #news-and-news-media, #newspapers, #postmedia-news, #shutdowns-institutional

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Chatham Hedge Fund Has the Winning Bid for McClatchy Newspapers

The family-owned publisher of The Sacramento Bee and The Miami Herald announced the winner of its bankruptcy sale: Chatham Asset Management, the owner of The National Enquirer.

#alden-global-capital, #american-media-inc, #apollo-global-management, #bankruptcies, #chatham-asset-management, #forman-craig-1961, #fortress-investment-group-l-l-c, #hedge-funds, #knight-ridder, #mcclatchy-company, #mcclatchy-kevin-s, #melchiorre-anthony-hedge-fund-manager, #mergers-acquisitions-and-divestitures, #newspapers, #pensions-and-retirement-plans

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Hedge Funds Duel in Bankruptcy Court Over McClatchy Newspapers

Alden Global Capital’s emergency motion challenges the attempt by a likely suitor, Chatham Asset Management, to buy the publisher of The Sacramento Bee and more than two dozen other papers.

#alden-global-capital, #auctions, #bankruptcies, #chatham-asset-management, #hedge-funds, #mcclatchy-company, #medianews-group-inc, #newspapers

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‘He’s Buying Up Brixton’: Beloved Grocer’s Eviction Sparks Gentrification Fight

In south London, people rebelled when a developer, backed by an American hedge fund, tried to evict Nour Cash & Carry.

#brixton-london-england, #gentrification, #hedge-funds, #nour-cashcarry-london-england-retailer, #ottolenghi-yotam, #real-estate-commercial, #shopping-and-retail

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A Trump-Backed Senate Candidate’s Hedge Fund Disaster

Tommy Tuberville, the football coach and leading Republican vying to take on Senator Doug Jones in Alabama, had a tumultuous foray into finance.

#alabama, #auburn-university, #elections-senate, #endorsements, #football-college, #frauds-and-swindling, #hedge-funds, #republican-party, #sessions-jefferson-b-iii, #stroud-john-david, #suits-and-litigation-civil, #trump-donald-j, #tuberville-tommy, #united-states-politics-and-government

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Fed Warns of Financial Risks as Coronavirus Downturn Wears On

The central bank said the financial system “amplified” the shock in March, and warned that vulnerabilities remain heightened.

#banking-and-financial-institutions, #brainard-lael, #coronavirus-2019-ncov, #federal-reserve-system, #hedge-funds, #stocks-and-bonds, #united-states-economy

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Spiraling Virus Fears Are Causing Financial Carnage

A global disease outbreak isn’t the kind of risk that many investors were trained to react to.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #dow-jones-stock-average, #federal-reserve-system, #hedge-funds, #standardpoors-500-stock-index, #stocks-and-bonds, #subprime-mortgage-crisis, #united-states-economy

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