Markets

Hedge funds are set for giant windfalls as SPAC mania goes into overdrive

Hello, readers! Happy Saturday, and welcome to Insider Finance. Here’s a rundown of the must-know stories from the past week: SPAC investors like Citadel and Millennium are sitting pretty thanks to Lucid Motors euphoria Star Morgan Stanley trader Shawn Joshi is leaving, plus other Wall Street people moves this week […]
Hedge funds are set for giant windfalls as SPAC mania goes into overdrive
Markets

Goldman Sachs faces record $350 million fine from Hong Kong over 1MDB scandal

Hong Kong’s financial regulator slapped Goldman Sachs with a $US350 million fine on Thursday for its involvement in the 1MDB scandal. The bank’s “serious lapses” and deficiencies in management contributed to the misappropriation of $US2.6 billion from the 1Malaysia Development Berhad fund, the Securities and Futures Commission said in a […]
Goldman Sachs faces record $350 million fine from Hong Kong over 1MDB scandal
Markets

Goldman sees 28% upside potential in Amazon and ties for Street-high price target on ‘accelerating e-commerce growth’

“Accelerating e-commerce growth” will propel Amazon to new all-time highs, according to Goldman Sachs. Goldman and Jefferies both assigned a Street-high price target on Amazon of $US3,800 on Monday, representing upside potential of 28% from Friday’s close. The upgrade comes as consumers have heavily relied on e-commerce shopping amid the […]
Goldman sees 28% upside potential in Amazon and ties for Street-high price target on ‘accelerating e-commerce growth’
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