Record buyout in Ark ETF raises liquidity concerns

[ad_1] (Repeats item that first aired on Wednesday) By Thyagaraju Adinarayan and Saikat Chatterjee LONDON, Feb. 25 (Reuters) – A record half-billion dollar takeover of flagship Ark Invest in a single day has led analysts to highlight risks stemming from the ETF’s heavy exposure to illiquid stocks if exits accelerated. A 20% drop in Tesla … Read more

Hong Kong trade tax hike spurred market correction

[ad_1] The hike in taxes on Hong Kong equity trading has been a “practical catalyst” that has helped spur a healthy correction for the city’s markets, says Tim Moe of Goldman Sachs. The government announced in its budget on Wednesday that the stamp duty on share transfers would be increased to 0.13% from 0.1%. The … Read more

Why SPAC Stock Churchill Capital IV Crashed Today

[ad_1] What happened Actions of Churchill Capital IV (NYSE: CCIV) plunged 18.5% on Wednesday, following the special-purpose acquisition company’s deal with electric vehicle maker Lucid Motors. So what Churchill’s share price peaked at $ 64.86 on February 18 following reports that PSPC was in talks to merge with Lucid. Yet since the two companies formalized … Read more

McKinsey Partners Votes Leader on Opioid Settlement, Other Crises

[ad_1] McKinsey & Co. partners voted to replace Kevin Sneader as the elite consulting firm’s leader, after internal dissatisfaction with the actions he has taken following a series of crises for the cabinet, people familiar with the matter said. The decision – the result of a staggered voting process that McKinsey’s roughly 650 senior associates … Read more

Nation’s most populous county imposes an additional $ 5 in pandemic ‘hero pay’ for some grocery store workers – Washington Post

[ad_1] Nation’s most populous county imposes an additional $ 5 in pandemic ‘hero pay’ for some grocery store workersWashington post LA County extends moratorium on evictions until June 30CBS Los Angeles Los Angeles County Approves Hero Pay Order for Grocers and Drug RetailersFOX 11 Los Angeles Los Angeles City Council approves wage increase for grocery … Read more

GRPD: pedestrian killed in hit-and-run accident – WOODTV.com

[ad_1] GRPD: a pedestrian killed in a hit-and-run accidentWOODTV.com Grand Action unveils ‘catalytic vision’ for 31-acre waterfront site in Grand RapidsMLive.com Grand Action 2.0 unveils a new vision for the shores of Grand RapidsWOODTV.com GRPD responds to gunfire from the SE side of townFox17 Grand Action 2.0 launches a new riparian corridor conceptFox17 View full … Read more

The Florida official who set up a vaccination site for wealthy zip codes and created a VIP list is under investigation, according to the sheriff’s office.

[ad_1] The Manatee County Sheriff’s Office said it opened the investigation after a citizens’ watchdog filed a complaint about County Commissioner Vanessa Baugh, who admitted last week that she chose postal codes herself and had also selected certain people for the vaccination list, so that she and others could access it. the Covid-19 vaccine. In … Read more

‘Over to you’: advertising campaign to encourage coronavirus vaccination kicks off – The Washington Post

[ad_1] ‘Over to you’: advertising campaign to encourage coronavirus vaccination beginsThe Washington Post Johnson & Johnson Covid-19 vaccine is safe and effective, FDA analysis findsCNN Coronavirus Briefing: What Happened TodayThe New York Times Covid-19 pandemic: live updates and news for February 25, 2021Bloomberg US strikes game-changing moment in fight against COVID-19 | The hillThe hill … Read more