Nomura Holdings Inc. has warned of a “significant” loss from an unnamed US client just days ahead of Kentaro Okuda’s one-year anniversary as Japan’s largest brokerage. The loss is tied to the huge disposal of leveraged secretive bets by Bill Hwang’s Archegos Capital Management, according to people familiar with the matter. The warning has resulted...
Category: Daily Blog
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Bill Hwang’s Billion Dollar Fortunes Are Wiped Out in Days
Hwang and his private investment firm, Archegos Capital Management, were revealed to be behind the large block trades last Friday. His secretive bets that were heavily leveraged have triggered margin calls and led to the liquidation of positions worth $40 billion. Part of Hwang’s portfolio was traded in blocks last Friday by Morgan Stanley, Wells Fargo...
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What is Discord? Why is Discord the New Spotlight?
The social media platform Discord is grabbing the spotlight in 2021 as the company is in talks with Microsoft for a sale value of $10 billion. Discord claims to have more than 140 million users on a monthly basis, which generated 100 million in revenue last year. According to Wall Street Journal, the valuation of...
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Where to Invest $10,000 Dollar Now?
According to Russ Koesterich (Portfolio Manager, BlackRock Global Allocation Fund) – Invest in New Leaders In Russ’ view, the road to economic recovery will inevitably see market gains, creating new opportunities for new leaders to emerge in a post-COVID world. He suggests looking for market segments that were lagging behind last year but will benefit from growth in...
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The End of Stimulus Saw Chinese Stocks Plunge 15%
The Chinese economy has been the earliest to recover since the pandemic. However, it has also brought the central bank and government to tighten its policy the soonest. The CSI 300 Index, which comprised of the top 300 listed stocks in the Shanghai Stock Exchange and Shenzhen Stock Exchange, has lost 15% since reaching a 13-year high...
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Morgan Stanley to Be the First Bank to Offer Bitcoin Funds to Wealth Clients
Despite the massive surge in cryptocurrencies, Wall Street Banks have stayed on the sideline. Until recently, Morgan Stanley is planning to offer wealthy clients who have at least $2 million under a New York-based firm access to three funds that provide bitcoin ownership. NYDIG and FS Investment run one of the funds, and the other...
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Legendary Bond Investor Bill Gross Sees More Downside on Treasuries
Bill Gross, the co-founder of Pacific Investment Management Co., shared some of his views on bonds, commodities and forex on Bloomberg Television Tuesday. Gross, who once managed the world’s largest bond fund, expressed seeing a 3% to 4% inflation in the coming months, despite inflation currently sitting below 2%. Gross said he is short on the US 10-year Treasury...
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Bitcoin Cracked $58,000 as Risk-On Rally Extends
The world’s largest cryptocurrency, Bitcoin, reclaimed its $1 trillion market value as risk-on rally accelerates. The rise in investor optimism was bolstered by the $1.9 trillion stimulus package signed by Joe Biden on Thursday. Intraday saw Bitcoin rose to a high of $58,098 before slightly retrieving down to $56,969 at the time of writing. The high...
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Dating App Bumble Reported Stronger Than Expected Revenues
Bumble (BMBL)’s share price rises more than 5% to$66.5 on late Wednesday after reporting 31% jump in the fourth quarter sales to $165.6 million. According to Refinitiv IBES data, analyst expected a revenue of $163.3 million on average. Bumble has given an upbeat outlook on the next quarter ranging from $163 million to $165 million,...
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Brent Crude Futures Rose Above $70 After Key Saudi Oil Site Attacked
Brent oil(XBRUSD) on Monday rose 1.52% to above $70 per barrel for the first time since the inception of the pandemic in early 2020, while WTI crude is at two years high near $67.3 per barrel after the key Saudi Arabian oil facilities being attacked. According to the chief global markets strategist, Stephen Innes at...