DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Wallerstein"


25 mentions found


☆ Silicon Valley Bank’s Distress Wasn’t Reflected in Credit Ratings
  + stars: | 2023-03-17 | by ( Matt Grossman | Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Credit-rating firms held regional banks in high regard—until two of the biggest banking failures in U.S. history. Rapid collapses at Silicon Valley Bank and Signature Bank cast doubt on whether bondholders will ever be repaid. Uninsured depositors worried they would lose their money before regulators stepped in to guarantee those funds.
☆ Market Stress Snarls Trading in U.S. Treasurys
  + stars: | 2023-03-15 | by ( Gunjan Banerji | Anna Hirtenstein | Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Liquidity in the U.S. Treasury market has fallen sharply since the collapse of Silicon Valley Bank. The markets for the world’s safest and most liquid assets, the government bonds issued by the U.S. and other rich countries, are coming under immense stress on Wednesday following a week of worries about the health of global banks. Liquidity, the capacity to trade quickly at quoted prices, has fallen sharply in two of the keystone markets, those for U.S. Treasurys and German bunds, traders said. Difficulties in trading are now spreading to many other markets, including those for derivatives that firms and traders use to lock in prices and hedge risks weeks and months ahead of time, such as options, futures and swaps.
☆ Investor Anxiety Hits a Fever Pitch After Silicon Valley Bank Collapse
  + stars: | 2023-03-14 | by ( Gunjan Banerji | Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Investors are scrambling to protect against the possibility of a protracted stock-market downturn. The collapse of three banks in the past week has exacerbated a bout of recent volatility that has quickly crested through stock, bond and derivatives markets. Many traders are reaching for bets that would pay out if the haywire stretch for U.S. markets continues.
☆ Wall Street Braces for the Next Silicon Valley Bank
  + stars: | 2023-03-12 | by ( Eric Wallerstein | Matt Grossman | Gregory Zuckerman | ) www.wsj.com   time to read: 1 min
Investors were worried that the fastest interest-rate increases in decades meant that something in the economy might break. Last week, it did. Now, investors are asking: What else might crack?
☆ Silicon Valley Bank Crisis Unsettles Bank Investors
  + stars: | 2023-03-10 | by ( Matt Grossman | Eric Wallerstein | ) www.wsj.com   time to read: 1 min
The crisis at SVB Financial, the holding company for Silicon Valley Bank, has sent investors and analysts rushing to audit the rest of the banking industry for more potential problems. Trouble at the bank, a lender to venture-capital firms and the startups they have funded, quickly dragged down bank stocks across the board, reflecting concern that similar challenges could hit other banks.
☆ Inflation-Protection Funds Struggle to Perform as Advertised
  + stars: | 2023-03-09 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
A number of exchange-traded funds market themselves as ports in the current inflationary storm. Not many actually appear to be havens. Fewer than 10% of the more than 100 mutual and exchange-traded funds aiming to protect investors from inflation have notched gains over the past year, Morningstar Direct data show.
☆ Japan Piled Back Into U.S. Treasurys This Year. Investors Worry It Won’t Last.
  + stars: | 2023-03-06 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Kazuo Ueda is widely expected to further relax Japan’s yield-curve control policy. Japan’s rebounding appetite for U.S. Treasurys supported shaky bond markets early this year. Now, investors worry it might be growing satiated. Japanese investors bought the most long-term foreign bonds in the week ended Feb. 17 since the onset of Covid-19, according to Japan Ministry of Finance data. Institutional investors—comprising banks, life insurers and pensions—added nearly $21 billion to their foreign bondholdings.
☆ Investors Are Bracing for Surge in Market Volatility
  + stars: | 2023-02-27 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Investors are growing increasingly concerned about where interest rates will ultimately peak. Fear is creeping back into the stock market. To protect against a potential downturn, traders are scooping up hedges at the fastest clip since the onset of the Covid-19 pandemic. More call options betting that the Cboe Volatility Index, or VIX, will rise have changed hands on an average day in February than at any time since March 2020, Cboe data shows.
☆ Investors Are Bracing for Spike in Market Volatility
  + stars: | 2023-02-26 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Investors are growing increasingly concerned about where interest rates will ultimately peak. Fear is creeping back into the stock market. To protect against a potential downturn, traders are scooping up hedges at the fastest clip since the onset of the Covid-19 pandemic. More call options betting that the Cboe Volatility Index, or VIX, will rise have changed hands on an average day in February than at any time since March 2020, Cboe data shows.
☆ Stocks Fall After Strong Producer Inflation
  + stars: | 2023-02-16 | by ( Caitlin Mccabe | Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Stocks fell Thursday after inflation and jobs data came in stronger than expected, increasing concerns that the end of the Federal Reserve’s tightening campaign is nowhere near. The S&P 500 dropped 57.19 points, or 1.4%, to 4090.41. The Dow Jones Industrial Average slipped 431.20 points, or 1.3%, to 33696.85 while the tech-focused Nasdaq Composite lost 214.76 points, or 1.8%, to 11855.83.
☆ Markets Come to Grips With the Fed on Interest Rates
  + stars: | 2023-02-15 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Stock euphoria has been tempered in recent weeks by signs of a strong labor market and stubborn inflation. Markets finally appear to be backing down in their long-running game of chicken with the Federal Reserve. A bet by investors that slowing inflation would prod the central bank to begin cutting interest rates later this year drove a significant January rally, even as Fed officials insisted that it was too early to think about shifting policy.
☆ Tesla board member says Musk doesn't mind bankruptcy if a rival builds a better car: 'That's his philosophy'
  + stars: | 2023-02-14 | by ( Ryan Browne | ) www.cnbc.com   time to read: +2 min
Elon Musk remarked that he wouldn't mind Tesla going bankrupt, if this means a rival company builds a better car, according to a member of the firm's board. "I think that's his philosophy and Tesla's philosophy," said Mizuno, who was chosen to join the company's board in April 2020. Musk has previously said that the automaker could have gone bankrupt multiple times in its almost 20-year history. Investors question whether Musk is getting distracted, at a time when Tesla faces increased competition, macroeconomic uncertainty and regulatory scrutiny. Nevertheless, Mizuno backed Musk and suggested that he admired the tech magnate's tenacity.
☆ FOMO Options Bets Sweep Market During Stock Rally
  + stars: | 2023-02-10 | by ( Eric Wallerstein | Gunjan Banerji | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/fomo-options-bets-sweep-market-during-stock-rally-f5b3e073
☆ Banks Borrow Unsecured Cash at Record Clip While Deposits Flee
  + stars: | 2023-02-05 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Activity in the Federal Reserve’s fed funds is soaring as more U.S. banks seek cash. Banks were chasing away deposits during the depths of the pandemic. Now, some are paying higher rates to shore up cash. Borrowing in the federal-funds market hit $120 billion on Jan. 27, the highest one-day total in Federal Reserve data going back to 2016. Activity in fed funds—used by banks and government-backed lenders to exchange cash reserves parked at the Fed—surged throughout the past year when the central bank raised interest rates at the fastest pace in decades.
☆ Stocks Cap Strong January With Gains as Investors Look to Fed Meeting
  + stars: | 2023-02-01 | by ( Caitlin Ostroff | Eric Wallerstein | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-update-01-31-2023-11675165111
☆ Tesla Has Become One of the Hottest Stock-Option Trades on Wall Street
  + stars: | 2023-01-27 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Traders have spent $700 billion on options tied to Tesla over the past 13 months. Speculators’ love of wagering on Tesla Inc. has propelled Elon Musk‘s electric-vehicle maker into one of the hottest stock-option trades on Wall Street. Tesla options trading has surged recently: Nearly three million contracts now change hands on an average day, according to Cboe Global Markets data. That is up from 1.5 million a year ago and more than any other stock. Only wagers on the SPDR S&P 500 ETF outpace those on Tesla.
☆ Crypto Banks Borrow Billions From Home-Loan Banks to Plug Shortfalls
  + stars: | 2023-01-21 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Two of the biggest banks to cryptocurrency companies are rushing to stem a flood of customer withdrawals by borrowing billions of dollars from Federal Home Loan Banks, the system originally designed to support mortgage lending in the 1930s. Signature Bank tapped its local home-loan bank for nearly $10 billion in the fourth quarter, among the largest such borrowings by any bank since early 2020, according to securities filings. Silvergate Capital Corp., a competing lender that shifted its business toward crypto a decade ago, received at least $3.6 billion.
☆ Tesla will 'keep blowing our minds' despite Elon Musk's preoccupation with Twitter, an executive at Chinese tech giant Tencent said
  + stars: | 2023-01-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +3 min
Tesla will "keep blowing our minds," even if Elon Musk is distracted by running Twitter. That's according to Chinese tech giant Tencent's chief exploration officer David Wallerstein. Wallerstein helped lead Tencent's 2017 investment in Tesla. Wallerstein led an investment from the Chinese tech giant into Tesla in 2017, taking a 5% stake worth about $1.78 billion at the time. Tencent has since divested its stake in Tesla, and no longer holds any Tesla stock, per data compiled by Bloomberg.
☆ Tesla will 'keep blowing our minds' despite Elon Musk's distractions, shareholder Tencent says
  + stars: | 2023-01-20 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Tencent, known as one of the world's largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion. Tesla will "keep blowing our minds" with technology even while CEO Elon Musk is distracted with Twitter, according to the executive to who led an investment from Chinese technology giant Tencent into the U.S. electric carmaker. Tencent, known as one of the world's largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion. Since then, Tesla has become one of the world's largest electric carmakers. "I would count on them [Tesla] to keep blowing our minds with what they do with technology," Wallerstein said.
☆ Tesla is going to 'keep blowing our minds' even with Elon Musk distracted by Twitter, Tencent executive says
  + stars: | 2023-01-20 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +2 min
Tesla will "keep blowing our minds" despite Elon Musk's focus on Twitter, a Tencent executive said. "I would count on them [Tesla] to keep blowing our minds with what they do with technology," David Wallerstein said. Musk's Twitter purchase has rattled Tesla investors as they fear he's too distracted with new responsibilities at the social media giant. But Wallerstein said he remains confident in Tesla despite Musk's distractions with Twitter. "Certainly, if a leader is distracted across many companies it's hard to focus and Elon has a lot of projects.
☆ Stocks Fall After Weak Economic Data Revive Recession Fears
  + stars: | 2023-01-19 | by ( Joe Wallace | Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Stocks fell Wednesday after a fresh batch of economic data offered worrying signs of how the economy is weathering the Federal Reserve’s tightening campaign. The S&P 500 lost 62.11 points, or 1.6%, to 3928.86 with each of its 11 sectors in the red. The Dow Jones Industrial Average dropped 613.89 points, or 1.8%, to 33296.96. The Nasdaq Composite Index shed 138.10 points, or 1.2%, to 10957.01. All three major indexes gave up gains made in early trading.
☆ CNBC's fireside chat with Tencent's chief exploration officer
  + stars: | 2023-01-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC's fireside chat with Tencent's chief exploration officerIn his unique role as chief exploration officer, David Wallerstein, searches the globe for innovations that could change the world. He joins CNBC to discuss the latest innovations surrounding smart cars and Tencent’s investments in the smart auto sector.
☆ Higher Rates and Tech Selloff Fuel Options Boom
  + stars: | 2023-01-09 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
While Nvidia shares closed at $148.59 Friday, investors could exercise put option contracts set to expire in coming weeks at $170 or above. Investors trying to capitalize on higher interest rates and the deep selloff in big technology stocks are stoking a flurry of activity in the options market. Popular stocks such as Amazon.com Inc. and Nvidia Corp. lost about half of their value in the past year, raising the worth of some options tied to those shares. Their share declines have been much steeper than many investors wagered, creating a mountain of deep in-the-money put option contracts—or those that allow investors to sell the shares at a price that is now far above current levels.
☆ Higher Rates, Tech Selloff Fuel Options Boom
  + stars: | 2023-01-09 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
While Nvidia shares closed at $148.59 Friday, investors could exercise put option contracts set to expire in coming weeks at $170 or above. Investors trying to capitalize on higher interest rates and the deep selloff in big technology stocks are stoking a flurry of activity in the options market. Popular stocks such as Amazon.com Inc. and Nvidia Corp. lost about half of their value in the past year, raising the worth of some options tied to those shares. Their share declines have been much steeper than many investors wagered, creating a mountain of deep in-the-money put option contracts—or those that allow investors to sell the shares at a price that is now far above current levels.
☆ FTX Seeks to Recoup Sam Bankman-Fried’s Charitable Donations
  + stars: | 2023-01-07 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Sam Bankman-Fried and FTX doled out millions in charitable donations. Now, new management is asking for it back. Some of the money, however, has already been spent, and the gifts flowed through myriad sources and agreements that are proving difficult to tally.
<< prev 2 next >>
Total: 25