David Einhorn, president of Greenlight Capital Inc., speaks. Photographer: Michael Nagle/Bloomberg Famed hedge fund investor David Einhorn is having a brutal year. He’s down over 18% in 2018, posting one of the worst performances in the entire hedge fund industry. Surprisingly, it could have been worse for Einhorn. Despite his losses, Einhorn actually dodged a big bullet in
Month: December 2018
Fees and expenses are no longer one of the most important factors to consider when choosing an index fund. I thought I would never say that. But I also never thought that any index fund would reduce its expense ratio to zero. Yet that is exactly what Fidelity recently did with two index fund offerings
CHICAGO — The Illinois Regional Transportation Authority heads into the New Year with a $3.1 billion operating budget, a $4.3 billion five-year capital program and improved odds that its infrastructure funding drought will end. The RTA board has signed off on the budgets for its three service boards that operate in the Chicago area: the
When it comes to the nascent U.S. economic slowdown, figuring out where to place the blame is more nuanced than it seems, CNBC’s Jim Cramer argued Tuesday. President Donald Trump’s tariffs on Chinese goods and the Federal Reserve’s interest rate policies have emerged as the leading causes, he said. But when he talks to his
I can’t be the only person who has a problem with the consensus on the election and the markets. The consensus view is that the Democrats will take the House and the Republicans will keep control in the Senate, and that this combination will be good for stocks because gridlock is traditionally good for stocks.
Check out the companies making headlines before the bell: Darden Restaurants – The restaurant chain earned 92 cents per share for its second quarter, a penny a share above estimates. Revenue was very slightly below Street forecasts, and a same-restaurant sales increase of 2.1 percent was above the consensus forecast of a 2 percent rise.
Bloomberg/file 2012 SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trading in Friday’s session are Intel Corp. and Finisar Corp. After Thursday’s closing bell, Intel INTC, -1.70% said it is raising its second-quarter revenue outlook on improving PC demand. Intel now expects sales for the current quarter at $13.7
This morning, the cryptocurrency market has received a boost and most major digital currencies are trading green! This time last year, Bitcoin (BTC) hit its all-time high, nearing $20,000. 2018 was quite different than 2017 in the cryptocurrency space. Today, we’ll take a closer look at EOS, Litecoin (LTC), and Cardano (ADA). EOS The fourth-largest
Crypto data startup Nomics just secured $3 million in funding from investors including Coinbase Ventures. The company announced Tuesday that the Series A investment will be used to flesh out its engineering team, as well as continue working to index 95 percent of all data pertaining to how crypto assets are traded. Led by Arthur
Photocredit: GettyGetty Most buyers, especially first-timers, may not realize that the negotiations don’t stop once an offer has been signed. You still have to get through post-inspection negotiations, too. Just like any other part of the deal, these discussions need to be handled with care in order for the transaction to continue moving forward. With
How you manage debt could have a big impact in how your retirement dreams play out. Four in 10 retirees cite “paying off debt” as a current financial priority — putting it on equal footing with “just getting by to cover basic living expenses” as a top concern, according to a new report from the
In 2017, the Bitcoin price shot up. The crypto boom was in its prime and BTC, in particular, saw a rise, especially in the second half of December. When this happened, there was a rush to buy the cryptocurrency; then there was a crash. One year later, the BTC price is nowhere near where it
Bitcoin (BTC) could be in for a stronger recovery rally ahead of New Year as the recent major sell-off looks to be fading. The leading cryptocurrency by market value had been trading near $3,200 early yesterday, representing an 83 percent drop from the record high of $20,000 reached the same date in 2017. However, BTC,
Venezuelan President Nicolas Maduro is pictured during the left-wing Latin America Forum of São Paulo held in Havana on July 17, 2018. In a rare moment of honesty, Maduro blames himself and his party for the country’s crisis. (Photo by YAMIL LAGE / AFP) News flash! Socialism in poor, closed-door economies is a failure. So
The Soro Enshi container ship sails from Yangshan Deep Water Port in Shanghai on July 10, 2018. A parliamentary committee in India said China is dumping products in their country. Photographer: Qilai Shen/Bloomberg. China is dumping products in India, an Indian parliamentary panel suggested recently. As the trade war goes on unabated, China’s trade practices
One of the few exchange-traded funds to track the cannabis industry has seen steady inflows over the past month, a beneficiary of the surging interest that has surrounded the space as companies see huge gains, along with heavy downside volatility. According to FactSet, money has consistently poured into the ETFMG Alternative Harvest ETF MJ, -3.05%
The impact of Hurricane Michael on Florida’s 2020 budget, and other unanticipated expenses, will wipe out any discretionary funding legislators have to build the budget next year, according to the state’s top economist. In the best-case scenario the projected discretionary balance of $223.4 million is gone, and in the worst case scenario there will be
Four things need to occur for the stock market to break out of its downtrend, CNBC’s Jim Cramer said as stocks plunged in Monday’s trading session on worries about an expected interest rate hike from the Federal Reserve. “Now that pretty much everything’s in bear market territory, maybe in a bear market, what’s the formula
The market is boxed in due to the problems with global growth and the Federal Reserve. Monday’s decline in tech stocks cannot be blamed exclusively on Apple. Lumentum, one of Apple’s facial recognition suppliers, reduced its outlook for the quarter, citing a reduced shipment request from one of its biggest customers, which everyone assumes is
Check out the companies making headlines before the bell: Boeing, Embraer – The jet makers announced they had finalized the terms of a joint venture first announced in July, in which Boeing will pay $4.2 billion for an 80 percent stake. The partnership, which still needs Brazilian government approval, would be comprised of Embraer’s commercial
Bloomberg /file 2012 Disney is among the stocks worth watching because of its ties to soccer’s World Cup. MADRID (MarketWatch) — Among the companies whose shares are expected to see active trading in Monday’s session are Medtronic Inc. and Covidien PLC , as well as Layne Christensen Co. Medtronic MDT, -3.55% announced a deal on
South Korean app provider, Kakao, has helped to raise over $15 million in cryptocurrency for Orbs, a hybrid blockchain platform. Orbs Blockchain Raises $15 Million Kakao joined the fundraising venture through its investment arm because it “always seeks to invest and support innovative startups and Orbs is a good example.” It also builds on the
Crypto exchange Gemini has just launched a mobile wallet for its users. Gemini CEO and co-founder Tyler Winklevoss wrote in a Medium post on Tuesday that the new app allows customers to buy or sell cryptocurrencies, view market prices, see their own portfolio values and set price alerts, among other features geared toward traders. The
Fast charging will help electric cars such as the Mercedes-Benz EQ Silver Arrow electric concept vehicle. Photographer: David Paul Morris/Bloomberg© 2018 Bloomberg Finance LP We are living in an age of massive technological change, but sometimes it is all so complicated it can be hard to work out what’s really going to change the world
Homebuilder sentiment dropped in December to its lowest point in more than three years while potential buyers hesitate to purchase new homes even as mortgage rates have pulled back in the past month. According to the National Association of Home Builders/Wells Fargo Housing Market Index, homebuilder sentiment declined four points in December to 56. That
Tom Lee, the long-standing Wall Street crypto bull, is sticking to his $15,000 year-end price prediction for Bitcoin (BTC). The Fundstrat Global Advisor voiced his prediction on CNBC’s ‘Squawk Box’ yesterday. Tom Lee and Bitcoin (BTC) Bitcoin just recently fell to its lowest levels in more than a year yesterday, but Lee remains convinced. Originally, Lee
Bitcoin (BTC) is still struggling to find the bottom of a bear market on the anniversary of its $20,000 all-time record price high. At press time, the world’s largest cryptocurrency by market capitalization was trading at $3,230 on Bitstamp – down 83.5 percent from the record high of $20,000 reached on Dec. 17, 2017. BTC
These 31 funds are the cheapest for short-term stakes in short-term bonds. Shutterstock Do you have idle cash in your brokerage account? Chances are it’s not earning much. Consider switching to a brief investment in an exchange-traded fund that owns short-term bonds. The scorecard below shows the cheapest ETFs for a position held for three months.
(Photo by Mark Schiefelbein- Pool/Getty Images) Chinese corporations are all over Africa. In June 2017 a McKinsey & Company report estimated that there are more than 10,000 Chinese-owned firms operating in Africa. What are Chinese corporations doing in Africa? That’s a highly controversial issue. The reason Chinese corporations are in Africa is simple; to exploit the
Can you afford to be a responsible investor? That’s the question that has plagued pensions and individual investors alike as they consider financial products dedicated to environmental, social and governance criteria. In two recent polls, a majority of institutions and high-net-worth investors concluded fees were too high to justify an allocation. Conventional wisdom has been
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