Hedge fund billionaire Einhorn places sixth in major poker tournament
Hedge fund billionaire David Einhorn busted out of a $1 million buy-in poker tournament just short of taking home prize money, Tuesday night in Las Vegas. Einhorn and 26 other businessmen and poker players each ponied up $1 million to...
After-hours buzz: SAH, CSX & more
Check out the companies making headlines after the bell: Sonic Automotive stock plummeted nearly 10 percent in after-hours trading. The automotive retailer said that gross margin pressure in key brands negatively impacted its second-quarter results. Jeff Dyke, Sonic Automotive’s executive...
Opioid addiction is keeping a high percentage of people out of the workforce, Fed chairman says
America’s opioid epidemic is exacting a massive human tool that also is impacting the economy, Federal Reserve Chairman Jerome Powell said Tuesday. One of the Fed’s primary goals is achieving maximum employment, or making sure every potential worker who wants...
Investment chief: Watch these two big events in 2018
John Traynor, chief investment officer at People’s United Advisors, said investors should watch two major events in 2018: midterm elections and simmering global trade tensions. “We think the earnings growth is very strong, we think the economy is very strong,...
China is investing 9 times more into Europe than into North America, report reveals
China is investing nine times more into Europe than it is into North America as policies force divergence, a report released this week reveals. Chinese outbound foreign direct investment (FDI) has dramatically swung toward Europe in the first half of...
US lumber producers see huge opportunity, rush to expand
In the woods of central Maine, trees are gaining value by the minute, and lumber producers aren’t waiting a second. They are scrambling to expand production, build new facilities and hire more workers. Lumber prices soared over sixty percent since...
The US economy has plenty of steam despite bond market and trade fears, investors say
When Federal Reserve Chair Jerome Powell testifies on Capitol Hill this week, investors will be looking for clues as to how issues like escalating trade tensions could alter the U.S. economy and therefore the Fed’s interest rate path. Investors have...
Billionaire tech investor Peter Thiel bets on crypto start-up Block.one
Venture capitalist Peter Thiel is placing a new bet in the crypto space. The early Facebook investor was a part of Cayman Islands start-up Block.one’s most recent funding round announced Monday. The company recently raised a record $4 billion to...
Institutional money is growing the crypto space, says Coinbase vice president
Institutional investments in cryptocurrency are helping to grow the industry, Coinbase Vice President and General Manager Adam White told CNBC. “What’s so unique about cryptocurrencies, and in many ways this asset class, [is that it] was driven by retail investors...
Netflix isn’t doomed by one quarter unless people start questioning the long-term investor thesis
The core theory of Netflix’s wild run to a $175 billion valuation hasn’t been debunked with one quarter of slower growth than forecast. But the Q2 miss might make some investors reconsider why they’re betting on Netflix in the first...
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Trading education
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