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3 mins read
Warren Buffett's Berkshire Hathaway bet on Citigroup, loaded up on Chevron, and dumped Verizon. Here are 5 key takeaways from its Q1 portfolio update.
Berkshire sold the last of its Wells Fargo shares, more than quadrupled its Activision Blizzard sta…
Theron Mohamed  Â
2 mins read
SEC alleges Archegos' Bill Hwang used $160 billion in leverage to own as much as 70% of a single company. These are the 7 biggest stakes he controlled.
"The size of Archegos' exposures to its Top 10 Holdings allowed Archegos to assert a dominant marke…
Matthew Fox  Â
3 mins read
Nick Cannon apologized after being dropped by ViacomCBS for anti-Semitic comments: 'This is only the beginning of my education'
Cannon made the comments last month in an interview with the rapper Professor Griff, who has also p…
Jacob Sarkisian  Â
1 min read
The SEC is investigating Bill Hwang's Archegos Capital for potential market manipulation, report says
The SEC is looking to see if Archegos bought multiple stakes of the same companies across different…
Matthew Fox  Â
1 min read
Shari Redstone rep denies the media mogul is exploring launching a Fox New competitor for ViacomCBS
THR said the media mogul - who recently spearheaded a deal to combine Viacom and CBS into ViacomCBS…
Travis Clark  Â
2 mins read
AMC's epic 3,325% year-to-date rally now makes it bigger than these 10 well known companies
The surge in AMC Entertainment highlights its extreme volatility, and not all are convinced that th…
Matthew Fox  Â
1 min read
DOJ opens probe into Archegos meltdown that led to $10 billion in losses for banks
Federal prosecutors in Manhattan have sent information requests to several banks that dealt with Ar…
Matthew Fox  Â
1 min read
CBS and Viacom have agreed to become ViacomCBS, as part of a deal to reunite the media companies after 13 years
Shares of CBS were flat around $48.35 during afternoon trading, when the deal was announced. Viacom…
1 min read
Credit Suisse execs at the heart of the bank's Archegos loss will reportedly depart following $4.7 billion hit
Two Credit Suisse executives will leave after the Swiss lender took a massive loss tied to the coll…
Carla Mozée  Â
1 min read
Morgan Stanley reports $911 million loss related to Archegos implosion
While Morgan Stanley took a big hit from Archegos, its loss pales in comparison to Nomura and Credi…
Matthew Fox  Â
1 min read
Nomura to tighten financing for hedge fund clients in the wake of Archegos blowup, new report says
Nomura is limiting margin financing exceptions for some of its hedge fund clients after taking a $2…
Will Daniel  Â
5 mins read
'Big Short' investor Danny Moses says meme stocks remind him of the dot-com bubble, slams the Fed, and calls out Archegos and Greensill in a new interview. Here are the 16 best quotes.
"There's really no difference between Yahoo chatrooms and Wall Street Bets and Reddit," Steve Eisma…
Theron Mohamed  Â
2 mins read
Credit Suisse reins in hedge-fund limits following $4.7 billion loss tied to Archegos Capital, report says
Credit Suisse is tightening its financing terms given to hedge funds and family offices and changin…
Matthew Fox  Â
2 mins read
The head of the Senate banking committee wants details from banks linked to Archegos on how an under-the-radar family office caused so much turmoil
The head of the Senate banking committee is calling on lenders for answers about the blow-up of pri…
Carla Mozée  Â
2 mins read
Investors are borrowing a record amount to bolster their stock portfolios - and it's raising red flags reminiscent of the period before the Great Financial Crisis
Margin debt saw an annual surge of 49% in February to $814 billion, which was the fastest jump sinc…
Matthew Fox  Â
2 mins read
Stocks tied to Archegos are roiling markets again as $2 billion of block trades drives new bout of volatility
The volatility kicked off after Credit Suisse initiated a block trade worth $2.3 billion in an atte…
Isabelle Lee  Â
1 min read
US stocks decline as investors digest volatility from Archegos meltdown
The S&P 500 and Dow retreated from record highs as investors mulled over volatile swings in stocks …
Emily Graffeo  Â
1 min read
US stocks slip from record highs amid new sell-off in Archegos-linked stocks
US stocks dipped at the open Tuesday as the rally stalled amid new block trades related to the fall…
Emily Graffeo  Â
2 mins read
Another Archegos-like hedge fund implosion is highly likely and could come out of nowhere, Guggenheim's Scott Minerd says
Major losses triggered by Archegos "tend to continue to cascade until the market corrects and flush…
Shalini Nagarajan  Â
2 mins read
Credit Suisse will absorb a $4.7 billion writedown in the wake of the Archegos blow-up - and says several top executives are leaving
The European lender expects an overall loss of $958 million for the first quarter after two signifi…