New Hedge-Fund Tax Dodge Triggers Wild Rush Back Into Delaware
March 13, 2018

Wall Street’s fast-money crowd is returning to well-trodden ground to elude Trump-era tax laws: Delaware.

Since late 2017, hedge fund managers have created numerous shell companies in the First State, corporate America’s favorite tax jurisdiction. These limited liability companies share Continue reading

Inside Wall Street’s $8 Billion VIX Time Bomb
February 13, 2018

It was the hot trade on Wall Street, a seemingly sure thing that lulled everyone from hedge fund managers to small-time investors.

Now newfangled investments linked to volatility in the stock market — until a few years ago, obscure niche Continue reading

Dropbox Files Confidentially for U.S. IPO
January 13, 2018

Dropbox Inc., the file-sharing private company valued at $10 billion, has filed confidentially for a U.S. initial public offering, people familiar with the matter said.

Goldman Sachs Group Inc. and JPMorgan Chase & Co. will lead the potential listing, Continue reading

Thiel’s Founders Fund Has Been Quietly Buying Bitcoin Since 2012
January 10, 2018

Bitcoin has gained global fame in the past year, but it’s been popular at Peter Thiel’s venture firm since at least 2012.

Founders Fund, Thiel’s San Francisco-based firm known for early bets on SpaceX and Airbnb, has been purchasing small Continue reading

How to Make Money Off Bitcoin Without Actually Owning It
January 6, 2018

It’s the equity investor’s conundrum: how to get access to the skyrocketing returns of bitcoin and blockchain without actually owning the tokens.

To Thomas Lee, a major bitcoin bull who heads research for Fundstrat Global Advisors, a dozen stocks should Continue reading

Bitcoin Has Some Bad News, and Nobody Cares
December 14, 2017

What would dampen a buyer's enthusiasm for Bitcoin, the cryptocurrency whose uncharted, speculative price bubble has eclipsed history's tulip manias and gold rushes?

Three things come to mind: a security breach or theft, a major retailer warning against its patchy Continue reading