Infinity Q Capital Management says it plans to return approximately $500 million to investors who were unable to get their money back after the investment firm halted redemptions on a then-$1.7 billion mutual fund earlier this year. It remains unclear how much investors will eventually recoup from the Infinity Q Diversified Alpha Fund. The fund […]
The Bank of England launched a program to assess the ability of lenders and insurers to withstand risks such as rising sea levels, flooding, cyclones and wildfires, in the latest step by a central bank to scrutinize the impact of climate change. The U.K.’s biggest banks, including HSBC Holdings PLC and Barclays PLC, and insurers […]
The Dow Jones Industrial Average and the S&P 500 slipped Monday after closing near record levels last week. The Dow lost 126.15 points, or 0.4%, to close at 34630.24. The blue-chip index briefly advanced into record territory in morning trading before turning lower. The S&P 500 dropped 3.37, or less than 0.1%, to 4226.52, after […]
In mid-March, shares in ViacomCBS Inc. and Discovery Inc. rocketed skyward. That was great news for Bill Hwang. His firm, Archegos Capital Management, had borrowed billions from Credit Suisse Group AG CS -1.44% to make wagers on a handful of stocks, including the entertainment companies. As is standard practice, Archegos had handed over cash to Credit […]
For baby boomers who manage their own nest eggs, a risk is looming that has nothing to do with stock prices or interest rates. The risk is cognitive decline, which can rob them of their judgment, often without much warning. One big mistake—or a series of smaller ones—can go unnoticed by loved ones, and potentially […]
By the time Robert Misener heard about GameStop Corp.’s GME 10.71% frenzied rally in January, the meme stock was already well on its way to becoming a national sensation. For the 50-year-old Florida resident, it was a signal to buy. Mr. Misener, who in the past had largely invested in blue-chip companies, was gripped by […]
U.S. stocks rose Friday, posting modest weekly gains, after the monthly employment report showed the labor market continued its slow recovery in May. Stocks started off the week wavering between small gains and losses, before momentum picked up on the week’s final trading day. One factor that helped break the lull: the May jobs report. […]
With the stock market at or near record highs and so much good news baked into stock valuations, many investors are wondering whether we are due for a market correction. History has little to teach us there. Again and again, investors who try to time markets typically get it wrong. But history offers us a […]
Updated June 4, 2021 9:01 am ET AMC Entertainment AMC -6.68% and other meme stocks are still shaking, while the broader market ticked higher after data showed the unemployment rate fell in May. Here’s what we’re watching ahead of Friday’s opening bell. Futures tied to the S&P 500 gained 0.4%. Futures on the Dow Jones […]
The founder of China’s Meituan has donated shares in the food-delivery giant worth more than $2 billion to his own philanthropic foundation, amid heightened scrutiny of the country’s tech sector. Billionaire Wang Xing, who is also the company’s chief executive, transferred about 57.3 million shares to his foundation, stock-exchange filings late Thursday showed. Based on […]
