Tuesday, May 17, 2022
Home > Breaking News: Investing

Paramount shares jump about 14% after Buffett’s Berkshire reveals new stake

In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesShares of Paramount Global jumped Tuesday after Warren Buffett's Berkshire Hathaway revealed a new stake in the media company.The stock rallied 14%

Read More

Stock futures are flat after S&P, Nasdaq start the week in the red

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 13, 2022. Brendan Mcdermid | ReutersU.S. stock index futures were flat during overnight trading on Monday, following a volatile session that saw the S&P 500 and Nasdaq Composite continue their march lower.Futures

Read More

Goldman Sachs gives senior managers a new perk: ‘Flexible vacation’ policy

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.Adam Galacia | CNBCGoldman Sachs is giving its top managers a new perk more common in the tech industry: the ability to take as much vacation time as they want.The investment bank told managing

Read More

Heavily shorted online used car seller Carvana surges nearly 25%, is halted several times

A Carvana used car "vending machine" on May 11, 2022 in Miami, Florida.Joe Raedle | Getty ImagesShares of online used car retailer Carvana surged Thursday amid a wild trading session in which several heavily-shorted stocks popped.The stock closed up 24.7%. Trading was halted at least four times Thursday. Carvana's

Read More

Hedge fund winners and losers emerge in brutal tech-driven sell-off

The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that.Timothy A. Clary | AFP | Getty Images(Click here to subscribe to the Delivering Alpha newsletter.)A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall

Read More

Franklin Templeton CEO Jenny Johnson says active management pays off during extreme volatility

(Click here to subscribe to the Delivering Alpha newsletter.)With $1.5 trillion in assets, Franklin Templeton is among America's top 10 asset managers, and growing. Over the last few years, the firm has acquired asset manager Legg Mason, custom index provider O'Shaughnessy Asset Management, and secondary private equity investor Lexington Partners, among

Read More

Goldman ‘deal guy’ behind Apple, GM cards leaves for fintech start-up iCreditWorks

iCreditWorks CEO Scott Young, former chief commercial officer of Goldman Sachs Marcus.Courtesy: Goldman SachsA Goldman Sachs executive known for securing some of the industry's biggest credit-card deals in recent years has left to join early stage start-up iCreditWorks, CNBC has learned.Scott Young, who was chief commercial officer of Goldman's

Read More

Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors

Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022.Source: NYSEGrayscale, the asset manager running the world's largest bitcoin fund, met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF,

Read More

A.I. lender Upstart shares plummet more than 60% after company cuts full-year revenue forecast

In this photo illustration an Upstart Holdings logo is seen on a smartphone screen.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesShares of Upstart plummeted Tuesday after the artificial intelligence lending platform cut its full-year revenue outlook, citing rising interest rates and an uncertain economy.The company had reported

Read More

Goldman Sachs is shrinking its SPAC business amid regulatory crackdown and market turmoil

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, May 9, 2022.Brendan McDermid | ReutersGoldman Sachs is scaling back its business in the once red-hot SPACs as blank-check deals got caught in a double whammy of regulatory crackdown and tough market environment."We are

Read More