Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, a crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think … Read more
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, a crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think … Read more
Mortgage lenders have been squeezed by rising rates and falling volumes. Investors should be paying attention to when they push back. Home-lending rates in mid-May hit their highest level since 2009 on Freddie Mac‘s weekly US average of 30-year fixed-rate mortgages, at 5.3%. That is a climb of more than 2 percentage points since the … Read more
Klarna Bank AB is seeking to raise new funds that could value the fintech giant at almost a third less than the roughly $ 46 billion valuation it achieved just under a year ago, according to people familiar with the matter, an example of the struggles facing the tech investing world. Klarna specializes in buy-now-pay-later … Read more
An investor stampede out of risky trades is squeezing SPACs that are running out of time to find companies to take public, potentially leaving their architects without deals and saddled with sizable losses. Firms that have gone public through mergers with special-purpose acquisition companies have tumbled lately alongside the technology sector and cryptocurrencies. Supply-chain disruptions … Read more
Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a firm that lost big on the surge in meme stocks last year and on wagers on growth stocks this year. In a letter to investors that was reviewed by The Wall Street Journal, Gabe Plotkin, … Read more
One of Allianz SE‘s ALIZF -1.73% US investing divisions pleaded guilty to securities fraud and agreed to pay about $ 6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz Global Investors US admitted Tuesday that it lacked internal … Read more
One of Allianz SE‘s ALIZF -1.73% US investing divisions pleaded guilty to securities fraud and agreed to pay about $ 6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz Global Investors US admitted Tuesday that it lacked internal … Read more
One of Allianz SE‘s ALIZF -1.73% US investing divisions pleaded guilty to securities fraud and agreed to pay about $ 6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz Global Investors US admitted Tuesday that it lacked internal … Read more
One of Allianz SE‘s ALIZF -1.73% US investing divisions pleaded guilty to securities fraud and agreed to pay about $ 6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz Global Investors US admitted Tuesday that it lacked internal … Read more