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, ...
GERMANY’S central bank has said it will include the Chinese yuan in its reserves, giving another boost to China’s drive to internationalize the currency. The Bundesbank said its board had decided in July to invest in the yuan to take account of its growing importance globally, though it did not say when it would begin to include it or how much it would purchase. “The decision to accept the yuan is part of a long-term diversification ...
Ripple is one of the most popular cryptocurrencies in South Korea, a leading market for cryptocurrencies, where both young and old have been investing heavily in these currencies with the hope of making a quick profit. XRP has moved into the top five cryptocurrencies by market capitalization on CoinMarketCap amid their dramatic rise over the last year. more...
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Quincy Jones will appear at a special concert celebrating the 30th anniversary of Michael Jackson's hit song, "Man in the Mirror," set to stream live on YouTube January 19th at 7 p.m. PST. The show will feature reinterpretations of "Man in the Mirror" from several artists, including the song's co-writer Siedah Garrett (who also provided background vocals on the original) and the Myron McKinley jazz trio. McKinley's Earth, Wind and Fire ...
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