Stocks

Nasdaq jumps 1.5%, S&P flirts with record

The Nasdaq and S&P 500 rallied Wednesday as details of President Biden’s $2 trillion infrastructure package were released on the final day of the first quarter.

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.