NEW YORK (Reuters) - A small hedge fund manager who has long been betting against Tesla Inc on Thursday
redoubled his call for the stock to fall to zero, comments that came as
investors were already hammering the electric car maker.
- Berkshire Hathaway Inc bought 75 million additional Apple Inc shares
in the first three months of the year, CEO Warren Buffett told CNBC on Thursday, aggressively ramping up its bets on the iPhone maker.
(Reuters) - Australia's AMP Ltd denied allegations it had submitted a
doctored report to a regulator and committed a criminal offense, saying
an inquiry into the country's financial sector had overstated the wealth
(Reuters) - Chinese billionaire Jack Ma's financial technology unicorn
Ant Financial Services Group [ANTFIN.UL] is adding two new money market
funds to its online wealth management platform Yu'e Bao, which is
already the world's biggest money market fund.
(Reuters) - U.S. prosecutors cracking down on deceptive mortgage bond trading practices on Thursday
suffered dual losses as a federal appeals court overturned an
ex-Jefferies Group[JGLL.UL] trader's conviction and a jury acquitted a
former Cantor Fitzgerald [CNTOR.UL] employee.
(Reuters) - U.S. hedge fund Elliott is stepping up its activities in
Europe, a Reuters review of data shows, as it sees more opportunities to
unlock value for shareholders by pushing through management changes,
company break-ups and merger deals.
YORK (Reuters) - Investors did some opportunistic buying because of
higher yields in the debt market as U.S.-based government-Treasury funds
attracted $530 million of net new cash in the week ended Wednesday, marking the group's sixth straight week of inflows, according to Lipper data on Thursday.
BOSTON (Reuters) - A Massachusetts hedge fund manager was sentenced on Thursday
to six years in prison for defrauding investors in a scheme that
prosecutors said cost his clients over $10.5 million and allowed him to
fund a lavish lifestyle.