It’s shaping up to be a risk-off Monday. Read More
Tag: Finance
With stocks touching all-time highs, Wall Street believes there’s a new rally in the making
Treasury yields are subdued, and futures are bouncing off their session lows. Read More
Is there a connection between Jeffrey Epstein, Leon Black and … the NBA?
If you’ve checked the news at any point yesterday, you may have read the name “Leon Black.” Black recently (and unexpectedly) quit as CEO of Apollo Global Management two months after an independent investigation into his relationship with Jeffrey Epstein wrapped up. It’s an intriguing story — and one that could have “… Read more…
Billionaire Mets owner Steve Cohen takes bath on GameStop stock, then cleanses himself of Twitter
Everyone loves Steve Cohen, the new owner of the Mets who tweets with fans and is willing to spend money to put a winning team on the field! Read more…
Mark Cuban finds it hilarious that financial giants are taking an L to Reddit
Mark Cuban, owner of the Dallas Mavericks, has big money. According to Forbes’ real-time billionaires tracker (which is just so gross), he’s worth $4.2 billion. I feel like it deserves to be written with the zeroes for perspective. That’s $4,200,000,000. Cuban, however, is on the side of the little guy. Read more…
The GameStop revolution probably won’t sink Steve Cohen and the Mets, but
The hope for the little guy, which all of us are, is that one day hell would come to breakfast for the hedge-fund tools that are pretty close to ruining baseball, the country, and the globe. And at that point, through some inexplicable force that could only be karma, they would all have to work […]
Tech and crypto funder Andreessen Horowitz wants to replace the media. That might be bad news for investors.
If you have even a passing familiarity with Silicon Valley or cryptocurrency, you’ve likely heard of Andreessen Horowitz, one of tech’s highest-profile venture capital firms. The firm, which tech insiders call a16z, is famous in part because of its investments—Facebook, Coinbase and other familiar names—but also because of its mastery at charming (and manipulating) the […]
Tech and crypto funder Andreessen Horowitz wants to replace the media. Is that bad news?
If you have even a passing familiarity with Silicon Valley or cryptocurrency, you’ve likely heard of Andreessen Horowitz, one of tech’s highest-profile venture capital firms. The firm, which tech insiders call a16z, is famous in part because of its investments—Facebook, Coinbase and other familiar names—but also because of its mastery at charming (and manipulating) the […]
Plaid without Visa? It might be a blessing in disguise
This is the web version of The Ledger, Fortune’s weekly newsletter covering financial technology and cryptocurrency. Sign up here to get it free in your inbox. Two hours after officially cancelling his $5.3 billion deal with Visa, Zach Perret doesn’t sound like a guy who just walked away from a lifechanging transaction (and accompanying amount […]
Trump and Mnuchin’s parting sneak attack on financial privacy
Good morning, and welcome back! That’s assuming, of course, that you’re among those lucky enough to have had an actual winter break, a moment of rest as we left behind the most trying year in living memory. That wasn’t the case for many of our readers, however, thanks to an 11th-hour regulatory push by the […]