Stock Selloff Crunches SPAC Creators as They Race to Find Deals

Stock Selloff Crunches SPAC Creators as They Race to Find Deals

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

Allianz Subsidiary Pleads Guilty to Defrauding Investors as Part of $ 6 Billion Settlement

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

Allianz Subsidiary Pleads Guilty to Defrauding Investors as Part of $ 6 Billion Settlement

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

Allianz Subsidiary Pleads Guilty to Defrauding Investors as Part of $ 6 Billion Settlement

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 U.S. admitted Tuesday that it lacked internal … Read more

Allianz Subsidiary Pleads Guilty to Defrauding Investors as Part of $ 6 Billion Settlement

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 U.S. admitted Tuesday that it lacked internal … Read more

Morgan Stanley: ‘Hard landing’ odds jump as investors worry about economic growth

The probability of a “hard landing” for the US economy has jumped, with stock and bond investors worried about slowing economic growth, according to Morgan Stanley’s wealth-management division. “The stock- and bond-market downturn has advanced to behavior resembling a classic cyclical bear market rather than simply a correction,” said Lisa Shalett, chief investment officer at … Read more

Morgan Stanley: ‘Hard landing’ odds jump as investors worry about economic growth

The probability of a “hard landing” for the US economy has jumped, with stock and bond investors worried about slowing economic growth, according to Morgan Stanley’s wealth-management division. “The stock- and bond-market downturn has advanced to behavior resembling a classic cyclical bear market rather than simply a correction,” said Lisa Shalett, chief investment officer at … Read more

Dow struggles for direction as weak China data fuels pressure on stocks, more global recession worries

Dow industrials and the S&P 500 clawed back earlier losses on Monday afternoon, although the Nasdaq continued to trade lower following a batch of weak data from China that fueled more concerns about the state of the global economy. How are stocks trading? The Dow Jones Industrial Average DJIA rose 236 points, or 0.7%, to … Read more

KKR to Sell CHI Overhead Doors to Nucor, Generating Windfall for Itself and Employees

Private-equity giant KKR KKR -1.42% & Co. aims to make big returns for its investors when it sells a company. Its latest deal will also deliver a serious payout for a different type of investor: the company’s workers. KKR said Monday it would sell CHI Overhead Doors to steel producer Nucor Corp. NUE -6.17% for … Read more

15 stocks that have fallen at least 33% but by these measures are still standouts in their sectors

During a year in which more than half of the stocks in the S&P 500 Index have declined 10% or more, you have probably seen the term “oversold” being bandied about. But what does oversold really mean? It means you think a stock has dropped too much, based on some quality you expect to fuel … Read more