Reddit’s Latest Money-Making Obsession Is an Obscure Fed Facility
Many Reddit users are interested in signs of, you guessed it: more evidence for why stocks like GameStop Corp. are headed “to the moon."
Recent
GE, An Industrial Conglomerate Pioneer, to Break Up
General Electric said Tuesday it would split into three public companies to simplify its business, pare down debt and breathe life in share price.
Google Hits $2 Trillion Market Cap, Joining Ranks of Microsoft and Apple
Google parent company Alphabet hit a market capitalization of $2 trillion on Monday, less than two years after hitting the $1 trillion in Jan. 2020.
London Hedge Fund Autonomy Loses 75% of Assets From 2019 Peak
Autonomy Capital Research LLP’s flagship fund on course for worst year since the financial crisis, with the firm’s assets now down about $5 billion.
Tesla Shares Slide as Musk Tweets on Lack of Hertz Contract
The Model 3 maker hasn’t signed contract with Hertz, the CEO wrote in a tweet Monday. Responding to fan club account who thanked him for stock gains.
Lazard Is in Talks to Buy Hedge Fund Brigade in Credit Push
$30 billion credit-investment firm, run by Don Morgan, is close to inking a deal with New York-based Lazard, will add to asset-management business.
Franklin Templeton Agrees to Buy Lexington Partners for $1.75 Billion
Mutual fund companies are making acquisitions to broaden their offerings and cushion the blow of losing customers who are favoring index funds.
