Greenlight Capital Re’s David Einhorn lamented a bum year in his shareholder letter for 2017 with an investing loss of 1.6% net of fees. He also announced the new lineup of stocks he selected during the fourth quarter: Twitter, Ensco and Time Warner. First, Einhorn surprised investors by taking a long position in Twitter. As he acknowledged in the letter, he has been betting that certain stocks in the tech space will fail. These stocks, ...
Over the past few years, McDonald’s has been working aggressively on several initiatives to add healthier products and suit changing customer preferences. These changes have started showing results, with positive comparable sales leading to growth in profits. more...
Will the Fed continue to raise interest rates in the year ahead? Commonwealth CIO Brad McMillan reveals what investors can expect to see from the Fed in 2018. more...
Bitcoin prices have risen sharply this year, but what does this mean for investors? Joe Lee, founder of Magnr, offered a more optimistic stance on Bitcoin's recent price gains. "I don't think we are in a bubble," he said, stating that while he expects the digital currency to experience of roughly 10% within the next two weeks, any such pullbacks represent buying opportunities. "There is huge demand at the moment ...
President Recep Tayyip Erdogan likes to swagger and attempt to punch above his weight. While his rhetorical threats and theatrics keep many allies and enemies off balance, they do not fool the Turks. Most of their bank deposits are not denominated in lira, but foreign currencies. more...
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