But over the course of season one, the series has primarily focused on a guy who hasn’t physically appeared in the show: Steve Rogers, the real Captain America, whose abilities and achievements are so legendary—to the people in this world and those of us watching on Disney+—that they cast a star-spangled shadow over everyone and everything.
“It’s what a hermit crab does when it gets too big for its shell — it sheds that shell and finds a bigger one.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Parts of the bank had not fully implemented systems to keep pace with Archegos’ fast growth when Archegos bets on a collection of stocks swelled leading up to its March collapse, the report said, citing unidentified people familiar with the matter.
New York time.The Stoxx Europe 600 Index rose 0.7%.The MSCI All-Country World Index gained 0.4%.CurrenciesThe Bloomberg Dollar Spot Index decreased 0.2%.The euro was little changed at $1.2035.The Japanese yen was little changed at 108.08 per dollar.BondsThe yield on 10-year Treasuries was little changed at 1.56%.Germany’s 10-year yield was unchanged at -0.26%.Britain’s 10-year yield climbed one basis point to 0.74%.CommoditiesWest Texas Intermediate crude fell 2.6% to $61.05 a barrel.Gold gained 0.9% to $1,794.40 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
New York timeThe Nasdaq 100 rose 1.4%The Dow Jones Industrial Average rose 0.7%The MSCI World index rose 0.8%The Russell 2000 Index rose 1.5%CurrenciesThe Bloomberg Dollar Spot Index fell 0.3%The euro rose 0.5% to $1.2077The British pound rose 0.1% to $1.3857The Japanese yen was unchanged at 107.97 per dollarBondsThe yield on 10-year Treasuries rose two basis points to 1.56%Germany’s 10-year yield was little changed at -0.26%Britain’s 10-year yield was little changed at 0.74%CommoditiesWest Texas Intermediate crude rose 0.7% to $62 a barrelGold futures fell 0.3% to $1,778 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
That’s a far cry from the heft of JPMorgan, which has more than $3.7 trillion of assets under management and more than 250,000 employees.While it isn’t yet clear which investors are behind the Centricus bid, the firm’s ability to draw on a waterfall of global capital shows how the world of finance has shifted just as much as soccer in recent decades.High ProfileWhereas previously only a handful of global banks — including JPMorgan — would have been able to corral and deploy such cash, the rise of sovereign wealth funds and family offices as independent investors has made outfits such as Centricus increasingly prominent.“We estimate that the ultra-high net worth community has wealth of at least $10 trillion globally, while their family offices hold more than $6 trillion in assets under management,” said Rebecca Gooch, director of research at Campden Wealth.For its part, Centricus’s latest annual report says the firm “is backed by a broad range of sophisticated, long-term global investors.” A company representative declined to comment.The firm operates at the intersection of modern global tech, culture and luxury: From 2016 Centricus played a key role advising SoftBank Group Corp.
“If anything, you’d park it in fixed income because the tax hike should slow investment and the economy.”After a record-breaking rally last year, gold has lost momentum amid optimism over economies reopening and vaccine rollouts, with the advancing dollar and rising bond yields denting demand for bullion.On Friday, spot gold trimmed early gains, dropping 0.7% to $1,772.08 an ounce at 10:32 a.m.
Stock investors don’t like tax increases, but they tend to get over it.
NEED TO KNOW Avid readers of this column may have had a sense of déjà vu on Thursday.
Government spending hasn’t been light in the past year, with trillions of dollars of fiscal stimulus and potentially $2 trillion more for infrastructure spending.