‘This has to be one of the single greatest losses of personal wealth in history,’ says stock-market pro of Archegos margin call

Wall Street on Tuesday saw muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang’s Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses. Using derivatives, Archegos, pronounced “Ar-chee-gos” by the company, maintained ...Read More

‘Real-Life Monopoly’: Pete Davidson, Jack Harlow Deliver Eminem-Inspired Rap Explaining NFTs On SNL

Pete Davidson, Chris Redd and musical guest Jack Harlow delivered an Eminem-inspired rap about non-fungible tokens, or NFTs, on the latest episode of Saturday Night Live. Riffing on Eminem’s “Without Me” video — right down to the Robin costume — Davidson first questions U.S. Treasury Secretary Janet Yellin (Kate McKinnon) about the ...Read More