The Michael Burry effect – hedge fund manager goes all in on Alibaba and JD.com
Michael Burry is a big-shot investor who's made a lot of waves in the financial world.
Wall street
Why are Wall Street execs headed to Saudi Arabia this week?
After Crown Prince Mohammed bin Salman (MBS) announced his plan to open the country to foreign investors and become a supply chain hub, Wall Street is looking to Saudi Arabia more often for investment opportunities – despite US-Saudi political tensions, which increased recently after OPEC+’s decision to cut oil production.
The US SEC investigates Wall Street over use of unapproved messaging apps
The Securities and Exchange Commission (SEC) in the US is looking into over 100 personal cell phones used by top traders and bankers on Wall Street to find out if they were using illicit and unapproved messaging apps, like WhatsApp, to make under-the-radar business decisions, according to a report by
Who is Wall Street backing for president?
President Trump’s position in the polls and erratic style of presidential leadership has prevented bankers from placing their bets on his reelection.
Judging the two United States presidential candidates by their records, only one would appear to be the clear favorite of Wall Street and big business heading into
Wall Street has come around on Biden. Does this undercut the idea that bankers only care about money?
According to a recent report from The New York Times, Wall Street donors are funneling money into Joe Biden’s campaign despite the record gains many investors have seen during the Trump era.
In May and June, the Biden Action Fund, a campaign fundraising arm, raked in some US$11.
Wall Street rout continues as containment efforts rise
Steep losses in the US stock market continued on Thursday, culminating in the worst day for traders since 1987’s “Black Monday” crash. The steep declines come just days after Wall Street suffered its worst day since the 2008 financial crisis, which occurred this Monday, demonstrating a severe lack of
Wall Street suffers biggest weekly losses since 2008 over virus fears
American stocks fell sharply again on Friday, capping off the worst week for the market since the 2008 financial crisis. The Dow Jones, a stock market index of 30 large companies, often seen as a bellwether for the overall health of the market, fell more than 12% over the week.