NEW YORK (Reuters) - A small hedge fund manager who has long been betting against Tesla Inc on Thursday redoubled his call for the stock to fall to zero, comments that came as investors were already hammering the electric car maker.
(Reuters) - Berkshire Hathaway Inc bought 75 million additional Apple Inc shares in the first three months of the year, CEO Warren Buffett told CNBC on Thursday, aggressively ramping up its bets on the iPhone maker.
SYDNEY (Reuters) - Australia's AMP Ltd denied allegations it had submitted a doctored report to a regulator and committed a criminal offense, saying an inquiry into the country's financial sector had overstated the wealth manager's involvement.
BEIJING (Reuters) - Chinese billionaire Jack Ma's financial technology unicorn Ant Financial Services Group [ANTFIN.UL] is adding two new money market funds to its online wealth management platform Yu'e Bao, which is already the world's biggest money market fund.
(Reuters) - U.S. prosecutors cracking down on deceptive mortgage bond trading practices on Thursday suffered dual losses as a federal appeals court overturned an ex-Jefferies Group[JGLL.UL] trader's conviction and a jury acquitted a former Cantor Fitzgerald [CNTOR.UL] employee.
LONDON/FRANKFURT/MILAN (Reuters) - U.S. hedge fund Elliott is stepping up its activities in Europe, a Reuters review of data shows, as it sees more opportunities to unlock value for shareholders by pushing through management changes, company break-ups and merger deals.
NEW YORK (Reuters) - Investors did some opportunistic buying because of higher yields in the debt market as U.S.-based government-Treasury funds attracted $530 million of net new cash in the week ended Wednesday, marking the group's sixth straight week of inflows, according to Lipper data on Thursday.
BOSTON (Reuters) - A Massachusetts hedge fund manager was sentenced on Thursday to six years in prison for defrauding investors in a scheme that prosecutors said cost his clients over $10.5 million and allowed him to fund a lavish lifestyle.