Financial services

Better.com misled investors before SPAC deal stalled, ex-executive says

A former Better.com senior executive has alleged in a lawsuit that the online mortgage lender misled investors in financial documents and other statements it made as it tried to go public. Sarah Pierce, former executive vice president of sales and operations at Better.com, alleged in the lawsuit that chief executive Vishal Garg and company misrepresented …

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Here’s what Goldman Sachs sees as the next big trade with no alternative

The last trading day of May is marked by weak stocks and soaring crude prices, climbing after the EU imposed a partial ban on imports of Russian oil following the country’s invasion of Ukraine. four months ago. This brings us to our call of the day from Goldman Sachs, which sees a nascent ‚Äúthere is …

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Why the Dow Jones finally rebounded – and what it’ll take to convince investors it’s for real

A bit of pre-summer cheer finally filtered its way to the stock market the previous week Remembrance Daybut it will likely take more than the Dow Jones Industrial Average’s first winning week since late March to convince shaken investors that the pain is over. What happened? Real, or inflation-adjusted, interest rates have fallen over the …

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Elon Musk Called ESG a Scam – Did Tesla Chief Do Investors a Favour?

Investing typically uses a combination of head, heart, and gut, even though it’s not supposed to. And perhaps no market theme evokes “all the emotions” like ESG. This week, a major decision to remove Tesla from a closely tracked environmental, social and governance (ESG) index drew anger and relief in almost equal measure. Defiance was …

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Melvin Capital will close its funds and return money to investors

Melvin Capital plans to close its funds and return the money to its investors, capping a stunning reversal for a company who lost big on soaring meme stocks last year and betting on growth stocks this year. In a letter to investors that was reviewed by The Wall Street Journal, Gabe Plotkin, Melvin’s founder, wrote …

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