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investing


Large asset managers including Fidelity have given their backing to a new corporate bond trading platform that aims to stop news of big orders leaking into the market, which can move prices against investors and increase their trading costs. LedgerEdge, which is due to launch in Europe in the third quarter of 2020, uses distributed …

UBS, Switzerland’s biggest bank by assets, said it lost $774 million following Archegos’s implosion, a bigger hit than analysts expected, deepening the damage caused by the fund. Meantime, Japan’s Nomura, which flagged losses of around $2 billion last month, upped its total damage tally to $2.85 billion. This included a loss of 245.7 billion yen, …

Healthcare investments continued to grow at a record-breaking pace, according to a new report by CBInsights. In the first quarter of 2021, healthcare companies around the world raised a total of $31.6 billion, up from the previous quarter’s height of $25.5 billion. The number of deals also increased from 1,429 to 1,551. Healthcare companies continued …

Credit Suisse Group AG A fire sale of stocks by a large U.S. investor burned Credit Suisse and Nomura Holdings Inc. The global investment banks said Monday that they could incur substantial losses after Bill Hwang’s firm Archegos Capital Management and its banks began liquidating huge positions in blue-chip companies. Large banks served as prime …

Eastern Airlines selects TPConnects as its Technology Provider for NDC based distribution WAYNE, Pa., March 30, 2021 /CNW/ — Eastern Airlines, historically known as one of the “Big Four” carriers in the United States, announced that it has achieved the New Distribution Capability (NDC) Level 4 Certification from the International Air Transport Association (IATA). The certification …

Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions. The strategy helped limit the U.S. firms’ losses in last week’s epic …

Text size These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from March 4 through March 10, …

The tech-heavy Nasdaq was up almost 400 points this past week through Thursday’s close, but is down over 120 points in trading Friday as the Treasury yield rises to its highest level in a year.  For more in-depth coverage of the semiconductor sector including trading recommendations and investment strategies, follow Eric Jhonsa on Real Money. …

The move followed skeptical comments from Tesla CEO Elon Musk, Treasury Secretary Janet Yellen and Microsoft (MSFT) co-founder Bill Gates. Prices stabilized around $48,000 in early trading Tuesday, but that’s still a more than 10% drop from Monday’s levels. But even Musk is starting to show concerns about bitcoin’s surge, noting in a tweet on …

Private-equity investments in technology soared in the final months of 2020 as investors sought to take advantage of a rise in corporate IT spending. Investors spent $65.17 billion last year on 2,138 private-equity deals with U.S.-based information technology companies, down from $72.47 billion over 2,007 deals in 2019 but far outpacing investments in any other …