- Reuters
UPDATE 1-Archegos boss Bill Hwang's trial to test unusual manipulation theory
Attorneys for Sung Kook “Bill” Hwang are expected to argue that prosecutors are pushing a novel and nonsensical market manipulation theory when the criminal trial of the former Archegos Capital Management boss kicks off in New York this month. Archegos, a $36 billion family office which invested Hwang's personal wealth, collapsed spectacularly in March 2021 after its highly leveraged bets on a small number of stocks via complex derivatives quickly soured. Prosecutors allege Hwang and his deputies lied to banks about the magnitude of Archegos' derivative positions to borrow billions of dollars that they then used to inflate the underlying stocks through open market purchases.
- Yahoo Finance
Rivian Q1 preview: Profit path, margins, and vehicle roadmap in focus
Rivian will give investors a crucial first quarter update on its financials as the pure-play adventure EV maker attempts to turn the tide from losses to profit this year.
- Schaeffer's Investment Research
Telehealth Stock Gains Popularity With Options Bulls
Hims & Hers Health delivered a first-quarter earnings and revenue beat
