Tuesday 20 April 2021

Reuters Global Investor: Investor Einhorn says Palihapitiya, Musk poured 'jet fuel' on GameStop

Investor Einhorn says Palihapitiya, Musk poured 'jet fuel' on GameStop

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 profit beats estimates as assets top $9 trillion

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 says disappointed by Benefitfocus' unwillingness to compromise

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.

What does it mean to invest 'ethically' or with 'impact'?

Demand for funds which cherry pick investments with strong environmental, social or governance (ESG) credentials has surged in recent years.

Crypto flagship Coinbase jumps 11% after stormy Nasdaq debut

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 management offers optimistic outlook on economy, reserves

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.

Legion pushes board fight at OneSpan after settlement offer rejected

Legion Partners Asset Management on Wednesday said it is pushing ahead with a proxy contest to seat four directors on OneSpan's board after the cybersecurity firm rejected a settlement proposal from the activist investment firm.

Coinbase listing marks latest step in crypto's march to the mainstream

Coinbase Global Inc (COIN.O), the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset.

Coinbase listing marks latest step in crypto's march to the mainstream

Coinbase Global Inc (COIN.O), the biggest U.S. cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset.

Schwab sues former client after accidental transfer of $1.2 mln

Charles Schwab Corp (SCHW.N) is suing one of its former customers after the retail brokerage allegedly sent more than $1.2 million to an account of the Louisiana woman and then could not get the money back.

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