#Big tech stocks drop as investors eye Georgia Senate races

#Big tech stocks drop as investors eye Georgia Senate races

“#Big tech stocks drop as investors eye Georgia Senate races” Big tech stocks fell sharply Wednesday as Democratic gains in Georgia stoked fears that the feds could tighten regulations on the industry’s dominant players. Futures contracts linked to the tech-heavy Nasdaq 100 index tumbled about 1.3 percent as of 8:12 a.m. with Democrats poised to…

Read More
#Tilman Fertitta struggling with Golden Nugget IPO plans

#Tilman Fertitta struggling with Golden Nugget IPO plans

“#Tilman Fertitta struggling with Golden Nugget IPO plans” Houston Rockets owner Tilman Fertitta’s plans to take his Golden Nugget restaurant and casino business public appears to be getting the cold shoulder on Wall Street, The Post has learned. The 63-year-old billionaire casino mogul told CNBC last month that he’s looking to list a minority stake…

Read More
#Painful as it was, patience paid off for investors

#Painful as it was, patience paid off for investors

“#Painful as it was, patience paid off for investors” Good things came to fund investors who waited in 2020. But, what a terrifying wait it was. Mutual funds and exchange traded funds of all stripes delivered strong annual returns, even better than usual. Consider the largest fund by assets, a core holding of many 401(k)…

Read More
#Investment Bank Perella Weinberg going public via SPAC

#Investment Bank Perella Weinberg going public via SPAC

“#Investment Bank Perella Weinberg going public via SPAC” The investment bank behind AT&T’s $109 billion acquisition of Time Warner is going public through a merger with a blank-check company — putting an exclamation point on an already frenzied year the so-called SPAC craze Perella Weinberg on Wednesday said it’s agreed to merge with FinTech Acquisition…

Read More
#Wall Street gives up gains after record-setting rally

#Wall Street gives up gains after record-setting rally

“#Wall Street gives up gains after record-setting rally” Wall Street’s main indexes eased from record highs in volatile trading on Tuesday as investors worried the Senate may not quickly pass the additional pandemic aid checks to help jobless Americans. Senate Majority Leader Mitch McConnell said the chamber would address this week President Donald Trump’s call…

Read More
#Stocks close at record highs after stimulus bill is signed

#Stocks close at record highs after stimulus bill is signed

“#Stocks close at record highs after stimulus bill is signed” Wall Street hit record highs on Monday after President Trump signed the $2.3 trillion pandemic bill on Sunday, ending months of political wrangling and uncertainty. The Dow Jones Industrial Average closed up 204.10 points, or 0.68 percent, to 30,403.97 after Trump backed down from an…

Read More
#JPMorgan to buy credit-card reward business of cxLoyalty

#JPMorgan to buy credit-card reward business of cxLoyalty

“#JPMorgan to buy credit-card reward business of cxLoyalty” JPMorgan Chase said Monday it would buy the global loyalty division of cxLoyalty Group Holdings, a third-party credit-card loyalty program service provider. The transaction, whose financial terms were not disclosed, will see the Wall Street bank integrate cxLoyalty’s technology platforms, full-service travel agency, gift card, merchandise, and…

Read More
#Jack Ma’s Ant Group ordered by China to change its policies

#Jack Ma’s Ant Group ordered by China to change its policies

“#Jack Ma’s Ant Group ordered by China to change its policies” Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector. The People’s Bank of China, the country’s central bank, summoned Ant executives…

Read More