A Strong Dollar Could Save a Horrid M&A Environment
In a slim year, M&A bankers may finally have something to look forward to.
Investing
Adobe Pays $20 Billion to Acquire a Burgeoning Competitor
Figma gets snapped up in a major M&A move.
A Wall Street Giant Takes a Bold Step Into Blockchain Technology
KKR taps the blockchain to pursue affluent retail investors.
Goldman Sachs Set for Hundreds of Layoffs Next Week
Goldman Sachs employees are bracing for layoffs.
Jerome Powell Spoke, and the Market Listened
No corner of the economy is immune to Jerome Powell’s words.
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Bets That the Stock Market is in for a Rough Ride are Rising
Bets against the stock market are on the rise again.
SPAC Activity Hasn’t Been This Bad in Five Years
The most eye-popping number in the once rapidly expanding SPAC universe: zero. That’s how much money new SPACs raised in July, according to Dealogic data. That’s right. Nada. Zilch. And it’s the first time this has happened since February, 2017….
Melvin Capital is Shutting Down, But the SEC is Probing Its Meme Stock Nightmare
No one formerly at Melvin Capital is laughing at this meme. Despite announcing in May that it is shutting down and returning money to investors, the hedge fund’s risk appetite and disclosures are being probed by the Securities and Exchange…
When the Goings Get Tough, the Gulf Sovereign Wealth Funds Get Going
Fourteen years ago, they were dubbed the “white knights,” riding to the rescue of global financial markets amid the greatest liquidity crisis in decades. They also walked away with billions in profits. When predatory subprime lending, excessive risk-taking by global…
Individual Investors are Coming Back to Tech Stocks
Everybody loves a sequel, right? Well, individual investors — those roller coaster gamblers who drove the crazy meme stock phenomenon and rode the bull market to record retail winnings on Wall Street — are coming back around to tech stocks,…
