 | | | | Mutual fund manager Friess Associates plans to challenge its firing by asset manager Affiliated Managers Group (AMG.N) and ask investors to reject the proposed transfer of more than $1 billion in funds to its successors, sources told Reuters. | | | | | | Record-breaking Wall Street bank bond offerings in recent days are being driven by a combination of extraordinary market conditions and regulatory decisions that can be traced to the government's pandemic relief efforts, said analysts. | | | | | | The pandemic is becoming less dominant in the markets and other risks, such as inflation and a stock market correction, are rising, as vaccines fuel optimism and recovery, a top official at Norway's $1.3 trillion wealth fund said on Wednesday. | | | | | | On the heels of blockbuster earnings from major U.S. banks, investors are focused on whether an upcoming batch of earnings from major technology-related companies can sustain the season's early momentum. | | | | | | Investor David Einhorn said on Thursday that prominent venture capitalist Chamath Palihapitiya and entrepreneur Elon Musk threw "jet fuel" on the GameStop Corp (GME.N) trading frenzy in January when the video retailer's shares rose by 2,000% and later prompted a hearing in U.S. Congress. | | | | | | BlackRock Inc's (BLK.N) first-quarter profit beat Wall Street estimates on Thursday, as a continued rally in global financial markets and broad-based strength in the asset manager's businesses helped vault the firm's assets under management to a record $9.01 trillion. | | | | | | Indaba Capital Management said on Thursday Benefitfocus Inc's (BNFT.O) unwillingness to compromise and appoint the hedge fund's director nominee to the software company's board was disappointing. | | | | | | Demand for funds which cherry pick investments with strong environmental, social or governance (ESG) credentials has surged in recent years. | | | | | | Coinbase Global Inc (COIN.O) shares jumped 11% in early trading on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion. | | | | | | Bank of America Corp (BAC.N)executives offered a sunny forecast for economic growth on Thursday, citing consumer spending trends and effervescent markets, after the bank squeaked by Wall Street estimates for first-quarter profits. | | | | | |
