• NBCUniversal bags $178M as it cashes in surging Peloton shares

    NBCUniversal bags $178M as it cashes in surging Peloton shares

    NBCUniversal has sold a $178 million stake in stationary-bike company Peloton, whose shares have lately been surging because of the coronavirus crisis. The Comcast-owned broadcaster — an early investor in Peloton, which went public last September — has been looking at its portfolio of investments as it seeks to shore up its cash reserves amid …
  • Wall Street firm offered 175% returns to investors using US aid programs

    Wall Street firm offered 175% returns to investors using US aid programs

    A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22 percent to 175 percent using US government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters. Following questions posed by Reuters, Arcadia Investment Partners, …
  • Investment professionals say ‘don’t panic’ amid coronavirus fears

    Investment professionals say ‘don’t panic’ amid coronavirus fears

    It’s a wild ride, but just hang on. Investors can survive and eventually prosper despite the horrific pandemic-driven stock market gyrations we are experiencing, investment professionals say. “Don’t panic. Never in my near-40-year career have I once heard someone say, ‘Gee, I’m glad I panicked,’ ” said Richard Bernstein, a longtime financial adviser with his own …