Business > Market

Hedge funds have dumped over $100 billion in Treasurys this year, accelerating the bond market's vicious sell-off

Summary List Placement Hedge funds have played an instrumental role in this year's rout in the US bond market by selling off more than $100 billion in Treasurys, according to a...
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Esports Technologies extends post-IPO pop after soaring 507% in first day of trading

27 minutes ago | Business Insider

Summary List Placement Esports Technologies extended gains Friday morning after soaring 507% in its first day of trading. Shares of the competitive gaming company rose as much...
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Russian stock market shrugs off new US sanctions risks

47 minutes ago | RT

Key indices on the Moscow Exchange rebounded on Friday, just a day after the US unveiled new anti-Russian sanctions targeting the nation's sovereign debt among other punitive...
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Cathie Wood bought more than 3 million shares of the self-driving truck company TuSimple on its IPO yesterday - and the stock is struggling

59 minutes ago | Business Insider

Summary List Placement Cathie Wood bought more than 3 million shares of the self-driving truck company TuSimple Holdings on its public debut Thursday. The San Diego...
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Meet Nifty Gateway, the NFT platform acquired by the Winklevoss twins that's done $255 million in total sales while putting digital artists like Beeple on the map

1 hour ago | Business Insider

Summary List Placement NFT art has exploded in the past year, with certain pieces going for millions. In December, the digital artist Mike Winkelmann, known as Beeple, broke...
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With Its New SkyCourier, Textron Will Try To Top One Of The Most Successful Cargo Aircraft Ever

1 hour ago | Forbes

The new twin-engine will debut with FedEx in 2022, auspicious timing in an air freight market that's red hot.
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UBS raises S&P 500 price target amid growing economy, strong profits

1 hour ago | CNBC

Even with the stock market hitting a succession of new highs, there's still plenty of room to run, according to a new forecast from UBS.
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The cloud guru who helped Splunk close 10 acquisitions and hire 1,200 employees is joining Menlo Ventures as a partner

1 hour ago | Business Insider

Summary List Placement Menlo Ventures has hired away Tim Tully, chief technology officer of Splunk, to power up its cloud investing, Insider has learned. The newest partner at...
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‘Barking at the Moon': Dogecoin skyrockets 300% in a week, sparking bubble fears

2 hours ago | RT

Defying all the odds, meme-based cryptocurrency Dogecoin has risen by a whopping 300% in the last seven days. It has doubled in price in the last 24 hours, adding about $19.9...
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Short-sellers have ramped up their bets against SPACs. A hedge fund manager breaks down his approach - and explains why he's betting against a SPAC merger that has plunged 25% this year

2 hours ago | Business Insider

Summary List Placement After a short spell of calm, the market for special purpose acquisition companies is back in the spotlight again, driven by the world's largest SPAC...
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Scientists created a hybrid human-monkey embryo in a lab, sparking concerns...

Summary List Placement Monkey embryos containing human cells were kept alive for 20 days in an experiment carried out by a US-Chinese team. The embryos were made by injecting... Read more ...

The Pentagon confirmed that a video showing a triangular UFO is real and...

Summary List Placement The Department of Defense has confirmed that images and video of triangle-shaped unidentified aerial phenomena are real and were taken by Navy personnel... Read more ...

Morgan Stanley reports $911 million loss related to Archegos implosion

Summary List Placement Morgan Stanley's exposure to Archegos Capital led to a loss of $911 million in the first quarter. The implosion of Archegos Capital last month sparked... Read more ...

Johnson & Johnson asked other drugmakers to help it study blood-clot risks...

Summary List Placement Johnson & Johnson privately contacted other drugmakers producing COVID-19 vaccines to join a study into the potential risk of blood clots, but Pfizer and... Read more ...

Iran has successfully produced 60% enriched uranium, top politician says...

Summary List Placement The speaker of Iran's parliament said the country had successfully enriched uranium to its highest level yet. Mohammad Qalibaf tweeted on Friday morning... Read more ...

Netflix is overvalued and could tumble 37% in the next year as the streaming...

Summary List Placement Netflix is overvalued and the shares could tumble in the next year, according to a team of Wedbush analysts led by Michael Pachter. Wedbush has an... Read more ...

Mercedes-Benz unveils its first EV for the US, the luxurious EQS sedan with...

Summary List Placement Mercedes is jumping into the US electric-vehicle market at long last. On Thursday, the German automaker took the wraps off of its first US-market EV, the... Read more ...

Speaker Pelosi throws cold water on a progressive bill that would expand the...

Summary List Placement House Speaker Nancy Pelosi on Thursday said she does not support a newly-introduced bill to expand the Supreme Court and has "no plans to bring it to the... Read more ...

The US officially designates Paul Manafort's associate Konstantin Kilimnik...

Summary List Placement The US for the first time on Thursday designated a close associate of ex-Trump campaign chairman Paul Manafort as a "known Russian agent." Konstantin... Read more ...

Signs Of Economic Boom Emerge As Retail Sales Surge, Jobless Claims Hit...

Retail sales jumped nearly 10% in March, as shoppers, flush with $1,400 relief payments, are feeling more confident about venturing out. Weekly unemployment claims dropped to a... Read more ...