Understanding Regulatory Trends: Digital Assets & Anti-Money Laundering | King & Spalding jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
February 18, 2021 7:00 AM By Zachary Sherwood and Brandon Lee
President Joe Bidenâs proposed immigration overhaul will be introduced in Congress today, kicking off what will likely be one of his most difficult legislative challenges.
The legislation, known as the U.S. Citizenship Act of 2021, hews closely to the outline that Biden sent to Congress on his first day in office. The proposal includes an eight-year path to citizenship for most of the roughly 11 million immigrants living illegally in the U.S., bolsters the nationâs refugee and asylum systems and calls for additional technology to be used to help secure the southern border, administration officials told reporters late yesterday.
Business, labor groups turn to Congress for infrastructure appeal politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.
Reddit traders bludgeon Melvin Capital in warning to Wall Street
The attack on Plotkinâs six-year-old firm has shifted the balance of power in ways that would have seemed unimaginable only months ago.
The mistake, if it can be called that, of Gabe Plotkinâs Melvin Capital was leaving footprints behind in the marketplace.Â
Bloomberg
Jan 28, 2021 â 8.17am
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The first sign of trouble for hedge fund wunderkind Gabe Plotkin came in late October: A poster on Redditâs popular wallstreetbets forum was taking aim at his wildly successful investment firm.
âGME Squeeze and the demise of Melvin Capital,â wrote the user, Stonksflyingup, referring to the stock ticker of GameStop and Plotkinâs $US12.5 billion ($16.3 billion) firm. Before long, veryforestgreen weighed in: âMelvin Capital New Short Attack.â Then, greekgod1990: âMelvin vs WSB! And GME to the moon.â
Family offices are heading back to hedge funds. More than a third of 185 investment firms for wealthy clans plan to boost allocations amid the economic upheaval caused by the Covid-19 pandemic, according to survey released Wednesday by BlackRock Inc. and Juniper Place, a London-based firm that helps asset managers raise capital. Family offices and other investors soured on hedge funds in recent years, bemoaning high fees and lackluster returns. But the health crisis has given some of those managers a boost, particularly stock-pickers who benefited from aggressive bets on technology stocks and copious economic stimulus that drove equities to new heights.