(CNBC) Billionaire Steve Cohen reached a deal to buy the New York Mets baseball team on Monday. “I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” Cohen said in […]

(Hedgeweek) Activist-focused managers comfortably outperformed other strategy types last month, as the hedge fund industry continues to recover from the Covid-19 turmoil with solid August gains and positive year-to-date returns, new eVestment data shows. To read this article:

(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index for August 2020 measured 1.74 per cent. To read this article:

(Reuters) Investment firms AEA Investors LP and Bridges Fund Management Ltd plan to raise $400 million in an initial public offering for a new blank-check acquisition company with a focus on socially responsible investing, according to people familiar with the […]

(CNBC) Stocks rose on Monday as a slew of corporate dealmaking activity and optimism toward a coronavirus vaccine sparked a broad market rally.  The Dow Jones Industrial Average gained 327.69 points, or 1.2%, to 27,993.33. The S&P 500 climbed 1.3%, […]

(CNBC) Goldman Sachs is one step closer to creating what it calls the digital bank of the future. The bank has just released the first version of a personal finance management tool that gives customers of its Marcus retail brand […]

(CNBC) General Motors conducted “appropriate diligence” regarding a $2 billion deal with electric vehicle start-up Nikola, GM CEO Mary Barra said Monday. Barra’s comments are a response to increased scrutiny of Nikola following fraud claims made last week by short-selling […]

(Bloomberg) Billionaire Michael Hintze’s hedge fund is down 42.5% this year, with recent gains failing to make up for a slump during the market turmoil in March. To read this article:

(CNBC) U.S. stock futures rose on Sunday night after a sell-off in tech shares led to the market’s first back-to-back weekly declines in months. Dow Jones Industrial Average futures traded 290 points higher. The S&P 500 and Nasdaq 100 futures […]

(CNBC) Chipmaker Nvidia has agreed to buy Arm Holdings, a designer of chips for mobile phones, from SoftBank in a deal worth $40 billion, the companies announced Sunday. The deal will include $21.5 billion in Nvidia stock and $12 billion in […]

(CNBC) For Apple investors, the most exciting product the company could release this fall isn’t a new version of the iPhone or Apple Watch: It’s a bundle that tie some of the company’s subscription services together and give users with […]

(CNBC) Markets are looking to the Federal Reserve to be a soothing force when it meets this week, but stocks could remain choppy if the central bank disappoints and as investors focus on the election and the economic recovery. The […]