Finance
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Macro hedge funds are back in demand as investors look to ride out market volatility. JPMorgan lays out why the surge in interest won’t be short-lived.
Most hedge funds struggled during times of extreme market volatility, according to a new report from JPMorgan. But one subsector of the...
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422‘Bonds will hedge you against nothing’ in current market environment, famed investor Nassim Taleb warns
REUTERS/Shannon Stapleton Nassim Taleb warned investors that bonds “have no upside” and “have run their course” in an interview with CNBC on...
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From Affirm to Klarna, buy now pay later startups are booming. But experts warn juggling explosive growth with responsible lending is a tricky balance.
Buy now, pay later, also known as point-of-sale financing, has been surging as consumers shift their spending online. Fintechs like Affirm, Afterpay,...
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Former employees say Wall Street firm BTIG had a toxic party culture that was stuck in the ’80s
The financial-services industry has tried to clean up its image in recent years, but shades of an earlier era on Wall Street...
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476Gap surges 42% after striking 10-year deal with Kanye West and Yeezy
Lionel Cironneau/AP Gap stock surged as much as 42% on Friday after the clothing giant said it struck a 10-year partnership with...
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Leaked email reveals SoftBank-backed Oyo is slashing most US staff. It’s offering them stock options, but doesn’t expect a full recovery until the second half of 2021.
SoftBank-backed budget hotel company Oyo will lay off most of its US staff, per a leaked email sent to employees Wednesday night. ...
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The head of billionaire Steve Cohen’s Cubist unit is heading to Izzy Englander’s Millennium
Ross Garon, the leader of Steve Cohen’s quants, is joining Izzy Englander’s Millennium, sources tell Business Insider. Cohen told Point72 staff in...
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Holland America hit with lawsuit over deadly COVID-19 outbreak onboard MS Zaandam
Passengers stricken with COVID-19 onboard Holland America’s MS Zaandam have filed suit against the cruise line. The lawsuit alleges Holland America did...
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367Spotify surges 9% after Goldman sets Street-high price target on podcast potential (SPOT)
Reuters Spotify surged as much as 9% on Thursday after Goldman Sachs raised its price target from $205 to a Street-high of...
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Job losses are 4 times worse for the lowest-paid workers so far in the coronavirus pandemic, study shows
More than 35% of all workers in the lowest wage group lost a job through mid-April compared to 9% of workers in...