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Goldman Sachs Is Jumping into Bitcoin April 5, 2021 Goldman Sachs is making Bitcoin funds available to wealthy clients, joining its rival Morgan Stanley. The move could speed institutional adoption and support prices of the largest cryptocurrency. “The investment bank soon will help wealthy clients invest in digital assets, creating a new Digital Assets Group within its private wealth management division. Mary Rich was named as global head of the new unit, according to a memo to employees released Wednesday and reviewed by Barron’s, ” reports Liz Moyer for the magazine. Institutions are slowly warming to Bitcoin, which many market observers believe will lead to substantial long-term price appreciation. ....
Cinemark Holdings, Inc. (NYSE: CNK) and GameStop Corp. (NYSE: GME) are reopening plays. See why Barron s believes two of these meme stocks could face more turmoil. Apple Inc (NASDAQ: AAPL) stock offers a good buying opportunity, even though it has lagged behind the broader market in recent weeks on speculation about iPhone production cuts. Also in this week s Barron s: Barron s annual ranking of America s top financial advisors 10 funds for managing rising bond yields An insurance SPAC with a past Why the booming IPO market shows no signs of slowing What Wall Street will focus on as the Federal Reserve rate panel meets next week ....
Amazon.com, Inc. (NASDAQ:AMZN), Bank of America Corporation (NYSE:BAC) - Barron's Latest Picks And Pans: Bank Stocks, BDCs, Blackstone, Fluor, Oracle And More benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
By Liz Moyer Order Reprints Text size Gary Gensler, pictured here in 2012, has been nominated by President-elect Joe Biden to be chairman of the Securities and Exchange Commission. Alex Wong/Getty Images President-elect Joe Biden’s nominee to be Wall Street’s watchdog is returning to familiar ground. Gary Gensler, nominated to be chairman of the Securities and Exchange Commission, the campaign announced on Monday, is a former Goldman Sachs partner and Treasury Department official who led the Commodity Futures Trading Commission during President Barack Obama’s administration. At the CFTC, Gensler helped instill new discipline and rules for governing the multi-trillion-dollar derivatives market, including the 2010 Dodd Frank regulatory reforms enacted in response to the 2008 financial crisis. ....