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.
Venture capital hits record high in U.S. in 2020 despite pandemic
While the investment total is up 14% from 2019, the number of deals is down 9% to 6,022
Rich New Yorkers’ second homes targeted in proposed ‘oligarch’ tax
Renewed interest in the proposal comes as the state deals with a massive coronavirus-related budget deficit.
CEOs, business groups condemn Capitol Hill protests, violence and urge peace
Business leaders from Wall Street to Silicon Valley joined trade groups across the nation in calling for an end to the protests and violence on Capitol Hill.
MGM Resorts looking to buy Ladbrokes owner Entain
The exact details and value of the new bid couldn’t be learned, but it is above the £12.85—or $17.56 at current exchange rates—a share that MGM had offered late last year, sources said.
Bitcoin rallies above $30,000 for first time
The price of the world’s most popular cryptocurrency traded as high as $31,824 early Saturday, with almost all other markets closed over the first weekend in 2021.
Billionaire Ray Dalio speaks out about 'journey and reflections' following son's sudden death
Billionaire hedge fund founder Ray Dalio is speaking out about his “journey and reflections” following the tragic sudden death of his adult son, Devon.
NYSE starts process of delisting three Chinese telecom companies
The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after President Donald Trump last month barred U.S. investments in Chinese firms Washington says are owned or controlled by the military.
New York man pleads guilty to $200M Ponzi scheme defrauding first responders
A Long Island jewelry wholesaler has pleaded guilty to charges in connection with allegations he defrauded at least 80 investors, including police officers and firefighters, as part of a $200 million Ponzi scheme.
Covid-19 Caused Chaos for Investors in 2020. These Hedge Funds Earned Billions.
For little-known hedge-fund manager Jim Davis, 2020 is a career-defining year.
Barstool's Portnoy slams investor who warned new traders are 'not actually that good at it'
Barstool Sports founder Dave Portnoy called venture capital investor Chris Sacca "an idiot" after Sacca shared "a little hard truth" for new investors.
Did COVID relief actually cost you $46,000 in your retirement account?
Depending on how your retirement funds were invested, your balance may or may not have been growing in lockstep with the market.
Lockheed Martin enters agreement to acquire Aerojet Rocketdyne for $4.4B
As part of the transaction's approval, Aerojet Rocketdyne's shareholders will receive a special pre-closing dividend of $5 per share in common stock and convertible senior notes in March 2021, which, unless revoked, is expected to reduce the transaction's purchase price to $51 per share.
US to blacklist dozens of Chinese companies, Wilbur Ross says
The U.S. is preparing to place dozens of Chinese companies, including the Semiconductor Manufacturing International Corp, on a trade blacklist, citing national security concerns, Commerce Secretary Wilbur Ross said Friday morning.
IRS will make you disclose cryptocurrency on newest tax forms
The Internal Revenue Service (IRS) explicitly asks taxpayers to disclose their cryptocurrency transactions on the newest tax form, making it easier for the federal government to tamp down on fraud or tax evasion later down the line.
SEC charges Robinhood for 'misleading' investors, $65M settlement reached
Robinhood got its second slap from regulators this week.
Massachusetts regulators accuse Robinhood of luring inexperienced investors, putting their ‘assets at risk’
Massachusetts securities regulators ripped Robinhood for "luring young and inexperienced customers to make more and more trades..."
Biden quietly adds Goldman Sachs, Big Tech employees to transition team
The Biden transition team has quietly added a group of individuals that will likely face pushback from the progressive wing of the Democratic party, including two Goldman Sachs veterans, one Google employee and three Facebook employees.
When the Robinhood crowd buys for the long haul
Fractional shares are an easy way for small investors to buy a piece of Tesla or Apple, but many are using it as a way to slowly accumulate exchange-traded funds that give them a small piece of the broader market.
US Supreme Court takes up Goldman securities class action appeal
Goldman is appealing a decision allowing a class action accusing the bank of hiding conflicts of interest when creating risky subprime securities before the 2008 financial crisis.
Alex Rodriguez partners with Starwood's Barry Sternlicht on Miami-based project
Alex Rodriguez teamed up with his “mentor” on a new Miami-based project.




















