No End to Whiplash in Meme Stocks, Crypto and More

With the pandemic starting to ease in the United States, many had expected a year of wild investments to slow. It hasn’t. Yet.

#amc-entertainment-holding-inc, #bitcoin-currency, #computers-and-the-internet, #dogecoin-project, #finances, #musk-elon, #nonfungible-tokens-nfts, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #social-media, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #virtual-currency

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Supreme Court Gives Goldman Sachs a Do-Over in Securities Fraud Suit

The justices said the bank may renew its arguments that its statements about honesty and integrity were too generic to support a class action for billions of dollars.

#appeals-courts-us, #banking-and-financial-institutions, #barrett-amy-coney, #conflicts-of-interest, #goldman-sachs-group-inc, #securities-and-commodities-violations, #stocks-and-bonds, #subprime-mortgage-crisis, #suits-and-litigation-civil, #supreme-court-us

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Stocks Drop as Wall Street’s Unease Stretches to a Fourth Day

Investors have been adjusting their expectations for interest rates, leading to a turbulent stretch for the stock market.

#banking-and-financial-institutions, #federal-reserve-system, #interest-rates, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

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ProPublica Report Has Congress Rethinking How to Tax Superrich

A report showing that the richest Americans, including Jeff Bezos, Elon Musk and Warren Buffett, pay almost no taxes has refocused attention on the tax code.

#alternative-minimum-tax, #biden-joseph-r-jr, #capital-gains-tax, #corporate-taxes, #democratic-party, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #internal-revenue-service, #pro-publica, #propublica, #republican-party, #senate-committee-on-finance, #stocks-and-bonds, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #tax-shelters, #taxation, #toomey-patrick-j, #united-states-economy, #united-states-politics-and-government, #warren-elizabeth, #wyden-ron

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Ford Motor Shows Signs of Revival Under Jim Farley

Analysts credit the new chief executive, Jim Farley, with energizing the automaker, which still faces challenges.

#automobiles, #electric-and-hybrid-vehicles, #executives-and-management-theory, #farley-james-d-jr-1962, #ford-motor-co, #hackett-jim, #sports-utility-vehicles-and-light-trucks, #stocks-and-bonds

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AMC Stock Sale Raises $587 Million as Meme Traders Buy Shares

The theater chain altogether raised more than $1.2 billion in capital this quarter, thanks in part to Reddit traders, but cautioned that the stock could still sink.

#amc-entertainment-holding-inc, #aron-adam-m, #meme-stocks, #movies, #stocks-and-bonds

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The Mystery of the $113 Millıon Deli

It made headlines around the world: a New Jersey sandwich shop with a soaring stock price. Was it just speculation, or something stranger?

#initial-public-offerings, #mergers-acquisitions-and-divestitures, #stocks-and-bonds

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Global Shortages During Coronavirus Reveal Failings of Just in Time Manufacturing

Global shortages of many goods reflect the disruption of the pandemic combined with decades of companies limiting their inventories.

#automobiles, #calvin-klein-inc, #computer-chips, #coronavirus-2019-ncov, #executive-compensation, #factories-and-manufacturing, #ford-henry, #intel-corporation, #international-trade-and-world-market, #mckinseyco, #nike-inc, #quarantine-life-and-culture, #ships-and-shipping, #shutdowns-institutional, #stock-buybacks, #stockpiling, #stocks-and-bonds, #taiwan-semiconductor-manufacturing-company-ltd, #toyota-motor-corp, #united-states-economy

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How Exxon Lost a Board Battle With a Small Hedge Fund

The oil giant’s unexpected boardroom defeat by an activist investor hinged on a few key moments.

#boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism, #stocks-and-bonds, #woods-darren-w-1965

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Activists Crashed Exxon’s Board, but Forcing Change Will Be Hard

The tension between climate goals and lifting Exxon Mobil’s profits could make it difficult for activists to make progress.

#alternative-and-renewable-energy, #boards-of-directors, #carbon-capture-and-sequestration, #carbon-dioxide, #chevron-corporation, #executives-and-management-theory, #exxon-mobil-corp, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #oil-petroleum-and-gasoline, #stocks-and-bonds, #woods-darren-w-1965

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A Culture of Fear at the Firm That Manages Bill Gates’s Fortune

At least four employees at the firm, Cascade Investment, complained to Mr. Gates about Michael Larson, his longtime money manager.

#cascade-investment-llc, #gates-bill, #gates-bill-and-melinda-foundation, #gates-melinda, #kirkland-wash, #larson-michael-1959, #microsoft-corp, #sexual-harassment, #stocks-and-bonds, #sydow-robert-e, #workplace-hazards-and-violations, #ybarra-stacy

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Exxon Mobil Faces Off Against Activist Investors on Climate Change

The oil company will hold a contested election for four board seats at its annual shareholders meeting on Wednesday.

#alternative-and-renewable-energy, #engine-no-1-gp-llc, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hedge-funds, #oil-petroleum-and-gasoline, #stocks-and-bonds, #woods-darren-w-1965

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Biden Tells Officials to Prepare for Climate Change’s Impact on Economy

A warming planet holds potential risks for home prices, investments, banking and other aspects of the global economy, the government said.

#banking-and-financial-institutions, #biden-joseph-r-jr, #federal-reserve-system, #global-warming, #greenhouse-gas-emissions, #insurance, #mortgages, #real-estate-and-housing-residential, #stocks-and-bonds, #treasury-department, #united-states-economy, #yellen-janet-l

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The Wall Street Capitalists Who Put Morals Above Money

Zachary Karabell’s “Inside Money” traces the fortunes of the investment firm Brown Brothers Harriman across two centuries.

#banking-and-financial-institutions, #books-and-literature, #brown-brothers-harrimanco, #content-type-personal-profile, #inside-money-brown-brothers-harriman-and-the-american-way-of-power-book, #karabell-zachary, #stocks-and-bonds

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China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform

Chinese regulators say they want to clean up the country’s financial system, but a state-owned conglomerate may ultimately get in the way.

#banking-and-financial-institutions, #china, #china-huarong-asset-management-co, #credit-and-debt, #economic-conditions-and-trends, #foreign-investments, #regulation-and-deregulation-of-industry, #stocks-and-bonds

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He’s a Dogecoin Millionaire. And He’s Not Selling.

Glauber Contessoto went looking for something that could change his fortunes overnight. He found it in a joke cryptocurrency.

#content-type-personal-profile, #contessoto-glauber, #credit-and-debt, #dogecoin-project, #gamestop-corporation, #reddit-inc, #social-media, #stocks-and-bonds, #virtual-currency

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The Gateses’ Public Split Spotlights a Secretive Fortune

Their marital estate is enormous and complex, containing assets as varied as stocks and farmland. Divvying it up could have implications for philanthropy.

#amazon-com-inc, #asset-allocation-personal-finances, #bezos-jeffrey-p, #buffett-warren-e, #cascade-investment-llc, #computers-and-the-internet, #endowments, #four-seasons-hotels-ltd, #gates-bill, #gates-bill-and-melinda-foundation, #gates-melinda, #high-net-worth-individuals, #hotels-and-travel-lodgings, #philanthropy, #scott-mackenzie, #stocks-and-bonds, #suits-and-litigation-civil

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Inflation News: Consumer Prices Jump in April as Investors Worry

The increase in the Consumer Price Index was well above forecasts. A top Fed official struck a watchful tone but said ‘it’s just one data point.’

#consumer-price-index, #federal-reserve-system, #inflation-economics, #prices-fares-fees-and-rates, #stocks-and-bonds, #united-states-economy

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Consumer Prices Jump in April as Investors Worried About Inflation

The increase in the Consumer Price Index was well above forecasts. A top Fed official struck a watchful tone but said ‘it’s just one data point.’

#consumer-price-index, #federal-reserve-system, #inflation-economics, #prices-fares-fees-and-rates, #stocks-and-bonds, #united-states-economy

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Who Wins in a Meme Stock World?

Jannick Malling, Public’s co-C.E.O., weighs the risks and rewards of the retail trading boom.

#gamestop-corporation, #malling-jannick, #mobile-applications, #robinhood-financial-llc, #stocks-and-bonds, #twitter

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The Stock Market Loves Biden More Than Trump. So Far, at Least.

Stocks have soared under the new president, and the Dow has generally preferred Democrats since 1901. But don’t count on that for the future.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #dow-jones-stock-average, #presidential-election-of-2020, #presidents-and-presidency-us, #stocks-and-bonds, #trump-donald-j

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S.E.C. Chair Gensler Emphasizes Transparency in Markets

In a hearing focused on the frenzied trading of GameStop stock, the new S.E.C. chairman suggests more disclosure is needed.

#archegos-capital-management-llc, #banking-and-financial-institutions, #gamestop-corporation, #gensler-gary-s, #house-committee-on-financial-services, #house-financial-services-committee, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-commodities-violations, #securities-and-exchange-commission, #stocks-and-bonds

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Meme Stocks and Archegos: Fed Calls Out Financial Weak Spots

The Federal Reserve painted a picture of a generally stable financial system, but one bubbling with risk-taking that merits attention.

#archegos-capital-management-llc, #federal-reserve-system, #gamestop-corporation, #stocks-and-bonds, #united-states-economy

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Why Biden’s Plan to Raise Taxes for Rich Investors Isn’t Hurting Stocks

Investors care more about economic data and corporate profits than an increase in the capital gains tax. It has usually been this way.

#american-jobs-plan-2021, #biden-joseph-r-jr, #capital-gains-tax, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

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‘A Perfect Positive Storm’: Bonkers Dollars for Big Tech

The dictionary doesn’t have enough superlatives to describe what’s happening to the five biggest technology companies, raising uncomfortable questions for their C.E.O.s.

#amazon-com-inc, #apple-inc, #company-reports, #computers-and-the-internet, #coronavirus-2019-ncov, #data-mining-and-database-marketing, #e-commerce, #facebook-inc, #google-inc, #microsoft-corp, #recession-and-depression, #regulation-and-deregulation-of-industry, #social-media, #stocks-and-bonds, #united-states-economy

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How Spending Mistakes Can Be Early Signs of Alzheimer’s

Impulsive purchases, out-of-control spending: These behaviors can be early signs of Alzheimer’s disease or other cognitive decline.

#alzheimers-disease, #chronic-traumatic-encephalopathy, #credit-scores, #dementia, #elderly, #frontotemporal-dementia, #memory, #personal-finances, #retirement, #stocks-and-bonds

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New Generation of Investors Trade Stock Tips on TikTok

Self-taught and sharing what they’ve found out, a new generation of retail investors is taking the markets — and not memes — seriously.

#computers-and-the-internet, #personal-finances, #podcasts, #social-media, #stocks-and-bonds, #youth

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Arrival Developing Electric Vehicles Without Assembly Line

Arrival, a developer of electric vans and buses, says it has come up with a cheaper way to build vehicles in small factories. But can it deliver on that promise?

#arrival-ltd, #automobiles, #buses, #charlotte-nc, #electric-and-hybrid-vehicles, #england, #factories-and-manufacturing, #initial-public-offerings, #inventions-and-patents, #mergers-acquisitions-and-divestitures, #robots-and-robotics, #rock-hill-sc, #start-ups, #stocks-and-bonds, #united-parcel-service-inc, #vans

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Gary Gensler, Wall Street’s New Watchdog, Has a Full Plate

Gary Gensler, the new S.E.C. chairman, wants to improve corporate disclosure and regulate digital assets better. But a lot awaits him already.

#archegos-capital-management-llc, #banking-and-financial-institutions, #biden-joseph-r-jr, #center-for-american-progress, #coinbase-inc, #derivatives-financial-instruments, #gensler-gary-s, #ripple-labs-inc, #securities-and-exchange-commission, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #united-states-politics-and-government, #virtual-currency

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How Can the City of London Survive Brexit?

Other European cities are eating away at Britain’s edge in financial services. The government is trying to find ways to keep it.

#banking-and-financial-institutions, #deliveroo-roofoods-ltd, #economic-conditions-and-trends, #great-britain, #great-britain-withdrawal-from-eu-brexit, #hill-jonathan-hopkin-1960, #initial-public-offerings, #international-trade-and-world-market, #london-england, #london-stock-exchange, #special-purpose-acquisition-companies-spac, #stocks-and-bonds

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Looking Back at the First Roaring Twenties

To understand where the stock market may be heading, a Nobel laureate examines the pop culture of one of the greatest bull markets in history.

#great-depression-1930s, #nineteen-hundred-twenties, #stocks-and-bonds, #united-states-economy

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How Small Market Investors Are Being Wooed by Companies

Small investors are becoming a force in the stock market, and company executives are beginning to take notice.

#financial-brokers, #personal-finances, #stocks-and-bonds

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Investing Made Simple for Beginners and Everyone Else

Managing your money for the long run can be easier than you might imagine.

#asset-allocation-personal-finances, #content-type-service, #financial-planners, #mutual-funds, #pensions-and-retirement-plans, #personal-finances, #stocks-and-bonds

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After Pandemic, Shrinking Need for Office Space Could Crush Landlords

Some big employers are giving up square footage as they juggle remote work. That could devastate building owners and cities.

#boston-properties-inc, #buildings-structures, #coronavirus-2019-ncov, #corporations, #dimon-james, #jpmorgan-chasecompany, #landlords, #manhattan-nyc, #property-taxes, #quarantine-life-and-culture, #real-estate-commercial, #recession-and-depression, #renting-and-leasing-real-estate, #sl-green-realty-corporation, #stocks-and-bonds, #telecommuting, #united-states, #urban-areas, #workplace-environment

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He Built a $10 Billion Investment Firm. It Fell Apart in Days.

Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.

#archegos-capital-management-llc, #banking-and-financial-institutions, #credit-suisse-group-ag, #derivatives-financial-instruments, #goldman-sachs-group-inc, #gsx-techedu-inc, #hedge-funds, #hwang-bill, #jpmorgan-chasecompany, #morgan-stanley, #regulation-and-deregulation-of-industry, #rlx-technologies, #stocks-and-bonds, #viacomcbs-inc

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An Argument for Investing Where the Return Is Social Change

A new report makes the case for investments that consider impact first and financial return second. But critics say such investments are mainly for the wealthy.

#bain-capital, #content-type-service, #high-net-worth-individuals, #investing-and-investments, #omidyar-network, #omidyar-pierre-m, #personal-finances, #philanthropy, #stocks-and-bonds

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China’s New Rules Worry Foreign Banks and Companies

New rules, aimed at taming big money flows and possibly controlling the Chinese currency, could give domestic rivals a competitive edge and make international firms more dependent on local lenders.

#banking-and-financial-institutions, #china, #credit-and-debt, #currency, #economic-conditions-and-trends, #foreign-investments, #international-relations, #international-trade-and-world-market, #politics-and-government, #regulation-and-deregulation-of-industry, #renminbi-currency, #stocks-and-bonds, #united-states-international-relations

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Wall Street Hits Another Record, Lifted by Tech Rally and Economic Optimism

Gains were largely driven by technology shares, and the record close was the latest in a series of new highs for the S&P 500.

#infrastructure-public-works, #nasdaq-composite-index, #standardpoors-500-stock-index, #stocks-and-bonds

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Investment Firm’s Collapse Put Unseen Risks on Full Display

Archegos Capital Management’s use of swaps helped conceal its exposure to huge blocks of shares but showed once again how lightly regulated derivatives can shake the financial system.

#archegos-capital-management-llc, #banking-and-financial-institutions, #credit-suisse-group-ag, #derivatives-financial-instruments, #hedge-funds, #hwang-bill, #nomura-holdings-inc, #regulation-and-deregulation-of-industry, #stocks-and-bonds, #viacomcbs-inc

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How to Fix SPACs

The big names behind blank-check companies don’t always stick around. Could changing that protect investors?

#initial-public-offerings, #lucid-motors-inc, #mergers-acquisitions-and-divestitures, #palihapitiya-chamath, #special-purpose-acquisition-company-spac, #stocks-and-bonds, #virgin-galactic

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Banks Face Billions in Losses as a Bet on ViacomCBS and Other Stocks Goes Awry

Archegos Capital Management, led by Bill Hwang, couldn’t meet financial demands, creating turmoil on Wall Street and raising questions about the fund’s ties to lenders.

#archegos-capital-management, #banking-and-financial-institutions, #credit-suisse-group-ag, #discovery-channel, #goldman-sachs-group-inc, #gsx-techedu, #hwang-bill, #morgan-stanley, #nomura-holdings-inc, #regulation-and-deregulation-of-industry, #rlx-technology, #stocks-and-bonds, #tiger-asia, #tiger-management-llc, #viacomcbs-inc

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WeWork Will Go Public in a Merger With a SPAC

The money-losing office space firm plans to merge with a blank-check company backed by big Wall Street investors.

#blackrock-inc, #co-working, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #neumann-adam, #ranadive-vivek, #real-estate-commercial, #softbank-corporation, #son-masayoshi, #starwood-capital-group, #stocks-and-bonds, #wework-companies-inc

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Bernadette Bartels Murphy, Pioneering Wall Street Trader, Dies at 86

Starting out as a secretary, she became a sought-after financial adviser in a male world and found a national platform for her views on public television.

#banking-and-financial-institutions, #deaths-obituaries, #murphy-bernadette-bartels-1934-2021, #stocks-and-bonds, #women-and-girls

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Stock Rally Poses Question: When Does a Bull Become a Bubble?

The bull market, born out of the pandemic, has turned a year old. The remarkable turnaround has some analysts wondering if the breakneck pace is sustainable.

#banking-and-financial-institutions, #credit-and-debt, #federal-reserve-system, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds

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How Stimulus Checks Are Driving a Stock Buying Spree

The government set out to prop up the economy. It may also be propping up the market.

#american-rescue-plan-2021, #coronavirus-aid-relief-and-economic-security-act-2020, #quarantine-life-and-culture, #stocks-and-bonds, #united-states-economy

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Recast as ‘Stimmies,’ Federal Relief Checks Drive a Stock Buying Spree

The government set out to prop up the economy. It may also be propping up the market.

#american-rescue-plan-2021, #coronavirus-aid-relief-and-economic-security-act-2020, #quarantine-life-and-culture, #stocks-and-bonds, #united-states-economy

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Meme Stocks, Bias in A.I. and Instagram Book Clubs: The Week in Narrated Articles

Five articles from around The Times, narrated just for you.

#books-and-literature, #celebrities, #coronavirus-2019-ncov, #miami-fla, #organizations-societies-and-clubs, #stocks-and-bonds, #television, #trading-cards, #united-states, #vaccination-and-immunization

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‘The Market Seems Crazy’: Start-Ups Wrestle With Flood of Offers

As a deal frenzy mounts, propelled by financial vehicles known as SPACs, start-ups have become the prey.

#celebrities, #computers-and-the-internet, #delphix, #entrepreneurship, #expensify-inc, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #securities-and-exchange-commission, #start-ups, #stocks-and-bonds, #venture-capital

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Penny Stocks Are Booming, Which Is Good News for Swindlers

Retail investors see the tiny companies as the next big opportunity after meme stocks and cryptocurrency. But shares are an easy target for fraud.

#financial-industry-regulatory-authority, #penny-stocks, #securities-and-commodities-violations, #stocks-and-bonds

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The Financial Crisis the World Forgot

The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to fix the weaknesses the episode exposed?

#banking-and-financial-institutions, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-bank-of-new-york, #federal-reserve-system, #government-bonds, #powell-jerome-h, #quantitative-easing, #regulation-and-deregulation-of-industry, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government

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