Finance
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504‘Big Short’ investor Michael Burry says ‘prepare for inflation’ — and warns bitcoin and gold might be at risk
Michael Burry. Bloomberg TV Michael Burry expects the economy’s reopening and more stimulus to fuel inflation. “The Big Short” investor warned governments...
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Hedge funds’ Lucid windfall — Cathie Wood mania — New Pimco allegations
Hello, readers! Happy Saturday, and welcome to Insider Finance. Here’s a rundown of the must-know stories from the past week: SPAC investors...
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Here’s a play-by-play of how Citi sent Revlon creditors $900 million by mistake
In August, Citibank mistakenly sent $900 million to Revlon lenders. On Tuesday, a Manhattan judge ruled that asset managers for the lenders...
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Prudential is shopping for a new ad agency after years of handling most of its advertising itself
Prudential is shopping for a new ad agency for the first time in more than a decade. The development marks a big...
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Read the memo Bridgewater’s CEO sent staff about a leadership shakeup at the world’s largest hedge fund
Bridgewater Associates is further shaking up its executive ranks. David McCormick, the hedge fund’s CEO, announced the changes in a February 11...
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406Billionaire investor Bill Gross made $10 million betting against GameStop — after he was down $15 million following Elon Musk’s ‘GameStonk!!’ tweet
Bill Gross. REUTERS/Jim Young Bill Gross made about $10 million betting against GameStop in January. The billionaire investor was down by $10...
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Pimco faces new allegations — Big winners in Michael Klein’s SPAC — BlackRock dabbles in bitcoin
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: More allegations of harassment and...
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A congressman asked Robinhood’s CEO to listen to the 12-second message that ends with a hang-up when users call the support line
Rep. Sean Casten called Robinhood’s unmanned helpline during Thursday’s hearing. Casten accused Robinhood of taking advantage of inexperienced traders. Robinhood’s CEO apologized...
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CEO Mat Ishbia took his company public in the largest blank-check deal ever. He swears by his ‘No Meeting Thursday’ routine from 3:30 a.m. to 9:40 p.m.
United Wholesale Mortgage recently went public in the largest SPAC deal ever. CEO Mat Ishbia is a former college basketball player who...
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NBA star Russell Westbrook just led a $63 million investment in Varo, the challenger bank that’s looking to expand into lending
NBA star Russell Westbrook led a $63 million fundraising round in digital bank Varo. Varo became the first of recent US challenger...