White House touts plan to provide $1K investment accounts for newborns
White House to host event with CEOs to promote "Trump Accounts" policy giving newborn U.S. citizens $1,000 investment funds for education, housing and business expenses.
Businesses and philanthropy unite to fight racial wealth gap
The CEOs of Starbucks and Goldman Sachs will join leaders from philanthropy and academia in a new initiative to address the racial wealth gap in the United States.
Cryptocurrency inflows hit all-time high of $4.5B in first-quarter
Inflows into cryptocurrency funds and products hit a record $4.5 billion in the first quarter, suggesting increased institutional participation in the once-maligned sector, data from digital currency manager Coinshares showed on Tuesday.
Iowa's Luka Garza to become first college athlete to sell NFT
Iowa star Luka Garza recalls attending the Final Four in Indianapolis back in 2015 and he remembers watching Wisconsin’s Frank Kaminsky accept the Naismith Trophy, which is awarded to the best player in college basketball.
Individual investors retreat from markets after show-stopping start to 2021
Individual investors kicked off 2021 at a sprinter’s pace. Now, they are finally showing signs of fatigue
Food-delivery investors are overstuffed
Back in December, it seemed investors were craving food-delivery stocks with almost as much fervor as they were the vaccines. Now that the shots are here, investors' tastes seemed to have changed.
Archegos’ Bill Hwang created wealth at a historic pace before losing it all, a FOX Business investigation shows
Before his epic collapse this week losing an estimated $8 billion or possibly in 10 days, hedge fund trader Bill Hwang increased the size of his fortune a staggering 900% or more in just seven years.
Family offices like Archegos take big risks like hedge funds
Enormous losses at Archegos Capital Management have cast a rare spotlight on the growing influence of below-the-radar institutions around the globe called family offices
Big banks win dismissal of US Treasury rigging litigation
A U.S. judge on Wednesday dismissed litigation accusing 10 large banks of conspiring to suppress competition in the now $21.2 trillion market for U.S. Treasury securities.
Patriots' Julian Edelman to offer trading card, comic book NFTs with some proceeds going to charities
New England Patriots star Julian Edelman is in the non-fungible token (NFT) game.
Robinhood cans the confetti after critics label it as baiting
Critics urge Robinhood to change celebratory app features, after saying the app treats stock trading as a game for inexperienced investors.
Coronavirus pandemic shifts financial priorities for investors: Ameriprise
COVID-19 is changing the way investors are thinking about their long-term financial priorities, according to a new survey released Wednesday by Ameriprise Financial.
LA Rams' Taylor Rapp fighting anti-Asian hate with NFT launch
Los Angeles Rams safety Taylor Rapp is one of a handful of Asian Americans playing in the NFL and he is looking to help his community which has seen an increase of attacks.
Cathie Woods' Ark Investment launches Space ETF
Cathie Woods' ARK Investment is getting in on the space race, launching a Space ETF Tuesday that will focus on "leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth."
Mets star Pete Alonso launches NFT, proceeds will be donated to help minor league players
New York Mets star Pete Alonso is finding a new way to help minor league baseball players who are strapped for cash.
Wells Fargo: No Archegos losses
The $10 billion hedge fund, run by Bill Hwang, was forced to liquidate positions last week, causing extreme swings in a number of stocks, including Discovery and ViacomCBS, according to reports.
Who is Archegos fund manager Bill Hwang?
Losses at Archegos Capital Management have triggered the liquidation of positions approaching $30 billion in value, The Wall Street Journal has reported, and sent the shares of two major investment banks tumbling. Archegos is run by former Tiger Asia manager Bill Hwang. What do we know about Mr. Hwang?
Goldman, Morgan Stanley limit losses with fast sale of Archegos Assets
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.
Dow hits record as US banks less exposed to hedge fund's liquidation
The Dow Jones Industrial Average rallied to record highs Monday despite selling pressure in financials and elsewhere after a large hedge fund was forced to unwind billions of dollars in positions.
Credit Suisse warns on “highly significant” loss tied to hedge fund
Archegos Capital Management may be linked to possible losses for global banks.
NY mall faces financial woes from theme-park investments, but vaccine rollout gives hope
In some of the country’s largest shopping malls like Palisades Center in West Nyack, NY, the strategy to add theme-park like attractions to make up for declining foot traffic looks less like a lifeline and more like a burden.


















