Legendary investor George Soros joined a chorus of well-known investors calling bitcoin a bubble this week, making his remarks in a speech at the World Economic Forum in Davos, Switzerland Thursday. "Cryptocurrency is a misnomer and is a typical bubble, which is always based on some kind of misunderstanding," the financier and founder of the $26 billion Soros Fund Management said. "Bitcoin is not a currency because a currency ...
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 ...
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