Finance

Hedge Funds

Archegos’ Hwang Sentenced to 18 Years For Gargantuan Fraud That Walloped Wall Street

Photo via Connor Lin / The Daily Upside

Hwang’s sentencing bookends a dramatic saga that began with the shock implosion of his firm that cost Wall Street billions.

2 min read

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Markets

BlackRock Strikes Deal With Banks to Provide Closely Held Bond Price Data

Real-time prices for corporate bonds are hard to come by. A handful of banks want to bring the closely guarded data into the 21st century.

1 min read
Photo by Chenyu Guan via Unsplash

Banking

Wall Street’s Trading Assets Cross $1 Trillion

It’s got to be at least a yellow flag whenever 2008 — the height of the Great Recession — is your point of reference, no?

2 min read
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M&A

Cheerios Owner Buys Petcare Brand for $1.45 Billion

Snacking conglomerates all agree: Petcare mergers and acquisitions are the cat’s pajamas. Just ask General Mills.

1 min read

Advisor Upside

Why Nvidia in the Dow Is Bad News for Dividend Investors

Photo via Nvidia Media Assets

The index investors consider as a basket of blue chip stocks has taken a hard turn toward growth, and away from mature dividend stocks.

2 min read

Advisor Upside

Do Elections Matter to Markets?

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Most advisors agree that elections have little impact on markets, but that’s not stopping investors from bracing their portfolios.

2 min read

Finance

Blackstone Thinks It’s High Time for a Public Listing Blitz

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Amid a strong earnings call, Blackstone announced that it is planning to take some of its portfolio companies public.

2 min read

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Advisor Upside

Don’t Celebrate the 2-Year Bull Market Just Yet

What’s a good gift for a mature bull? How about a dose of perspective? The stock market can sometimes be a victim of its own recent success.

1 min read
Photo by Brendon Spring via Pexels

Markets

Trading Windfall Pushes Wall Street to Surprisingly Strong Quarter

How’d the financial giants — namely, Goldman Sachs, Citigroup, and Bank of America — make out this quarter? Surprisingly well, it turns out.

2 min read
Photos by Ikechukwu Julius Ugwu and Nick Sarvari via Unsplash, Daveynin via CC BY 2.0, and Michael Vi via iStock

Advisor Upside

Big Brokers Beat Estimates in Strong Start to Earnings Season

JPMorgan Chase and Wells Fargo, among other banks and asset managers, beat analysts’ expectations in the third quarter.

1 min read

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