Finance
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How Robinhood became an obsession — Wall Street power moves — Gorman’s big raise
Hello readers! Happy Saturday, and welcome to Insider Finance. Here’s a rundown of the must-know stories from the past week: How a...
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499‘Big Short’ investor Michael Burry paved the way for the GameStop frenzy when he bought a stake in 2019. Here’s the story of Burry’s game-changing bet.
Christian Bale acting as Michael Burry in “The Big Short.” The Big Short/Netflix Michael Burry of “The Big Short” laid the groundwork...
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Kirk McKeown is leaving Steve Cohen’s Point72, the 2nd recent senior data exec to depart the hedge fund in the past 2 months
Another senior Point72 data executive is departing the hedge fund. Kirk McKeown, who led proprietary research, is leaving to start a business,...
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Lazard CEO Ken Jacobs just dropped some clues about how his firm plans to grow its $259 billion asset manager, which includes scooping up talent from smaller firms and promoting 7 MDs
Lazard executives said they’re eyeing “smaller teams” as a way to bulk up their asset manager. The firm’s unit manages $259 billion...
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Inside Robinhood’s 5 days of chaos
Stock market mania forced changes for many trading platforms, but startup Robinhood took the most heat. Politicians, regulators, and the internet masses...
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Billionaire Lee Ainslie is telling investors that his $6 billion Maverick Capital is ‘poised to take advantage’ of the post-GameStop-frenzy market
Billionaire Lee Ainslie told investors there’s long and short opportunities thanks to last week’s market volatility. Ainslie said risk appetites have been...
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17 top cannabis investors lay out how the spread of legal marijuana will fuel a deal boom and drive investment in the upstart industry
We asked 17 of the top cannabis-industry investors for their 2021 predictions. They said they expect more states to legalize marijuana, a...
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429Short-seller Marc Cohodes defends his discipline, warns against investing blindly, and slams GameStop short-sellers in a new interview. Here are the 12 best quotes.
A man walks in front of a GameStop store in the Jackson Heights neighborhood of New York City on Wednesday. Nick Zieminski/Reuters...
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366Robinhood lifts trading restrictions on Reddit-darlings GameStop and AMC days after relaxing limits on both stocks
Rafael Henrique/SOPA Images/LightRocket via Getty Images Robinhood on Friday withdrew trading limits on two of the most popular stocks among Reddit traders....
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344BNP Paribas posts 14% drop in 4th-quarter net income, still beats analyst expectations
ANGELA WEISS/AFP via Getty Images BNP Paribas beat analyst expectations with fourth-quarter net income of 1.6 billion euros ($1.9 billion). The bank...