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A century ago, Charles Ponzi promised investors to double their capital every three months. A pattern of easy profits that has been constantly renewed since, in the form of speculative bubbles today.
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Shares of Tesla dropped nearly 7 percent in extended trade Friday after the electric-car maker was excluded from a list of companies being added to the S&P 500. The decision by S&P Dow Jones Indices is a blow to Tesla investors who widely expected the company to join the benchmark stock index after a blockbuster …
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Technology stocks took a tumble on Wall Street Thursday, giving back some of their spectacular gains over the past several months and dragging the rest of the market down with them. The S&P 500 was down 3.4 percent as of 11:20 a.m. Eastern time, and the tech-heavy Nasdaq fell 4.8 percent. Both indexes had set …
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An activist investor who shook up Harley-Davidson earlier this year said he is impressed with the changes initiated by new Chief Executive Jochen Zeitz to turn around the 117-year-old motorcycle company. Impala Asset Management, the $2.4 billion hedge fund, pushed for the ouster of Zeitz’s predecessor Matt Levatich in January. Months later, it tried to …
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Billionaire Bill Ackman’s Second Act kicks off on Tuesday with plans to raise $4 billion from stock investors to be used on a mystery investment. The 54-year-old investor on Tuesday will attempt to sell 200 million units of his new blank-check company, Pershing Square Tontine Holdings, at $20 a share. And sources say he’s signaled …
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Move over hedge fund titans, Joe Sixpack is taking over the stock market. The recent rally, which has pushed the Dow up 45 percent from its coronavirus lows, is being driven in good part by mom-and-pop investors high on stimulus checks, the rise of free trades and apps like Robinhood, experts say. The Dow on …
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SoftBank Group is launching a $100 million fund to invest in “companies led by founders and entrepreneurs of color,” in the latest corporate action as protests roil the US. Described as SoftBank’s bid to improve diversity, “we have to put money behind it, set plans, and hold ourselves accountable,” SoftBank chief operating officer Marcelo Claure, …
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TikTok — the social-media app popular with teens and at odds with lawmakers — is fast becoming a hit with investors. Private shares of TikTok parent company ByteDance Ltd. have been trading hands at prices that value the Chinese company at over $100 billion, The Post has learned. “We are seeing buyers willing to pay …
A century ago, Charles Ponzi promised investors to double their capital every three months. A pattern of easy profits that has been constantly renewed since, in the form of speculative bubbles today.
