Forbes has the analysis you need to make sense of the market this week.
Get Forbes’ top articles on pressing issues that matter to your financial well-being—personal finance, investing, taxes and retirement — delivered to your inbox every week. The week began not with a bang, but with a big boat finally dislodging itself from the banks of the Suez canal. Markets had a consequential start as well, as traders tried to make sense of a sudden $30 billion fire sale on Friday afternoon by Archegos Capital, a secretive family office. Forbes has the analysis you need to make sense of the market this week. Our team of reporters also dug into healthcare reform out of Washington, complex tax tips and a slew of other personal finance topics. Read on for more. As big banks like Credit Suisse CS scramble to cover steep losses related to Archegos’ massive default, wealth reporter Hank Tucker uncovered $590 million in charitable contributions made by the man behind the fiasco —a failed hedge fund manager turned one of Wall Street’s biggest traders. Learn m ore about Bill Hwang’s quiet rise and cacophonous fall. In another investigation, hedge fund reporter Nathan Vardi discovered that billionaire investor Carl Icahn has lost more than $5 billion over the last seven calendar years—though Nasdaq NDAQ -listed Icahn Enterprises IEP is still trading just fine.
