24 June, 2021 by The TZ Newswire Staff Comments Off on Prime Brokers Face DOJ Collusion Probe Into Archegos Collapse
Prime Brokers Face DOJ Collusion Probe Into Archegos Collapse
Prime Brokers Face DOJ Collusion Probe Into Archegos Collapse
More details about the DoJ investigation into the collapse of Archegos are starting to emerge. Instead of going after Archegos and its founder, ex-billionaire “Tiger cub” Bill Hwang, it looks like the investigation is focusing on the prime brokers that extended his fund the margin it used to magnify the size of his bets on a handful of media and tech stocks, including ViacomCBS.
24 June, 2021 by The TZ Newswire Staff Comments Off on Indexes Grinding Into Month End ATHs
Indexes Grinding Into Month End ATHs
Indexes Grinding Into Month End ATHs
24 June, 2021 by The TZ Newswire Staff Comments Off on Bitmain ceases Bitcoin miner sales to aid second-hand sellers following China ban
Bitmain ceases Bitcoin miner sales to aid second-hand sellers following China ban
The Bitcoin mining crackdown in China has significant ramifications for the cryptocurrency industry. Bitmain is stepping up its efforts to ease the burden on Chinese miners looking to offload their equipment in light of the ban.
24 June, 2021 by The TZ Newswire Staff Comments Off on Beeple Sold His NFT for $69 Million—But Has a Tough Time Breaking Into the Art World
Beeple Sold His NFT for $69 Million—But Has a Tough Time Breaking Into the Art World
Mike Winkelmann, the artist known as Beeple, is launching a new project but says fitting into the establishment isn’t easy. “I wouldn’t say the art world has been overly welcoming,” Mr. Winkelman said. “Everyone is taking a cautious approach toward me and NFTs, and I get it because it’s all happened so fast.” Source: Artist Beeple Sold His NFT for $69 Million—But Has a Tough Time Breaking Into the Art World
24 June, 2021 by The TZ Newswire Staff Comments Off on This global recovery is an exception to the ‘sell USD’ pattern – BofA
This global recovery is an exception to the ‘sell USD’ pattern – BofA
Bank of America believes the dollar has room to run
Bank of America Global Research discusses the USD outlook and maintains
a core bullish view through year-end.
“. We expect supportive capital flows – particularly direct investment – into USD on the back of wide growth and interest rate differentials,” BofA notes.
24 June, 2021 by The TZ Newswire Staff Comments Off on JP Morgan Warns US Employees It May Require Them To Get Vaccinated
JP Morgan Warns US Employees It May Require Them To Get Vaccinated
JP Morgan Warns US Employees It May Require Them To Get Vaccinated
Morgan Stanley surprised many on Wall Street – including its employees, clients and rivals – when the FT reported earlier this week that the company planned to require all employees and clients to be fully vaccinated before they can enter any of the firm’s New York offices.
24 June, 2021 by The TZ Newswire Staff Comments Off on Bill Ackman Makes Case for Universal Music Investment, The Future of Music
Bill Ackman Makes Case for Universal Music Investment, The Future of Music
Much of Pershing Square’s three-hour, 128-slide presentation Wednesday — which included a 15-minute intermission and 45 minutes for financial details and a Q&A session — served as a necessary primer on copyright, intellectual property, the intricacies of royalty payments and the state of music in the age of streaming and smartphones. Source: Bill Ackman Makes Case for Universal Music Investment, The Future of Music