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Hedge fund Tiger Global has plunged to a $17 billion loss this year as its huge tech bets go sour
In four months, hedge fund Tiger Global has wiped out around two-thirds of its cumulative gains sin…
Harry Robertson
CONMEBOL asks FIFA for coronavirus fund meeting
The continent's governing body has already made available $75 million (69 million euros) for clubs…
PTI
A one-man hedge fund has raked in a 56% return this year by betting on tech stocks built to thrive during the coronavirus outbreak
Hearing a name come up repeatedly is "usually a good sign that the company is just on the cusp of s…
Carmen Reinicke
IMF projects 11.5% growth rate for India in 2021, only major economy to record double digit growth
In its latest update, the IMF projected a 11.5 per cent growth rate for India in 2021. This ma…
PTI
BANK OF AMERICA: Hedge funds are more defensively positioned than ever as they brace for coronavirus fallout
Long-only funds made similar moves to protect against a downturn, dumping nearly 80 million of ener…
Ben Winck
A once-obscure airline ETF has seen assets surge nearly 3,000% in 3 months, boosted by millennial day traders
Even as airlines have been slammed by the coronavirus pandemic, millennial traders have piled into …
Carmen Reinicke
Democrats and Republicans want to fund infrastructure using federal unemployment benefits yanked from workers
Around 4 million Americans are set to lose their federal unemployment benefits early. The funds the…
Juliana Kaplan,Joseph Zeballo…
Lifting lockdowns is unlikely to boost the economic recovery as long as cases remain elevated, IMF says
Addressing the current health crisis is a "pre-condition to allow for a strong and sustained econom…
Ben Winck
Narendra Modi announces new fund for people to donate towards govt fight against coronavirus
Prime Minister Narendra Modi on Saturday announced the creation of an assistance and emergency situ…
PTI
These 10 stocks were most frequently ditched by hedge funds in the first quarter, RBC says
This was at least partially spurred by the coronavirus pandemic, which swiftly cratered demand for …
Carmen Reinicke
Joe Manchin doubles down on refusing to add to the deficit to fund a Democrat-only infrastructure plan
"We've put enough free money out," Manchin told reporters, adding he would only back an infrastruct…
Joseph Zeballos-Roig
The world's largest sovereign wealth fund lost $21 billion in the first 6 months of 2020 as COVID-19 decimated returns
Norway's sovereign wealth fund at the end of the six months was worth 10.4 trillion kroner ($1.18 t…
Saloni Sardana
Hedge funds are piling into healthcare stocks at record levels, Goldman Sachs says
The rotation was primarily fueled by soaring interest in biotech names and strong crowding within h…
Ben Winck
World Bank approves $1 billion funding for India, $200 million for Pakistan to fight coronavirus
The World Bank on Thursday approved a plan to roll out USD 160 billion in emergency aid over 15 mon…
PTI
The bill that includes the coronavirus relief package also has a provision that makes illegal streaming a felony
Members of Congress didn't see the 5,000-plus-page omnibus bill until a few hours before they were …
Sarah Al-Arshani
While PM Modi called for a 'janata curfew', the Kerala government implemented some serious steps
However, Vijayan’s concrete steps will go a long way to actually calm down citizens in a situa…
IMF, World Bank urge countries to open trade while battling Coronavirus
The International Monetary Fund (IMF) and the World Bank Group (WBG) have called on countries to ke…
A personal finance expert answers the most troubling questions about Franklin Templeton mutual funds
“At the same time, mutual funds, especially in the fixed income segment, are facing continuous…
Importance of wastewater surveillance higher than individualised COVID screening in preventing future outbreaks: experts
Conventional detection methods testing each and every citizen for individual testing is a highly co…
The Senate approved a short-term spending bill, averting a government shutdown hours ahead of a midnight deadline
Congress is aiming to buy more time to revive coronavirus relief negotiations, which are on the ver…