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
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The Republican-led Michigan legislature approved $59.9 billion in state spending in budget bills, axing a controversial 45-cents-a-gallon fuel tax hike proposed by Gov. Gretchen Whitmer. Whitmer, a Democrat who won election last year, said the tax would have generated $2.1 billion for roads and bridges. Instead lawmakers proposed spending $400 million in general funds to
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Will the WeWork fiasco change the governance structure of upcoming unicorns? WeWork’s IPO implosion centers partly on themes that are at the heart of a hot investment strategy — Environmental Social & Governance (ESG), which emphasizes relations with employees, customers, and stakeholders, as well as the importance of proper corporate governance–leadership, pay, shareholder rights, and
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SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Lululemon Athletica Inc., Finisar Corp., and Target Corp. Lululemon Athletica LULU, -4.31%  is projected to report first-quarter earnings of 32 cents a share, according to a consensus survey by FactSet. “We believe, given the stock’s performance
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The Relative Strength Index is arguably the most popular technical indicator when it comes to trading. But being popular doesn’t always make you right or easy. David Jones knows this and is here to give a helping hand to those just starting their journey in the world of the markets, as well as those who’ve
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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
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The municipal market had no trouble digesting the sizable issuance on Tuesday, with one deal garnering $4 billion of orders. Bank of America priced Texas Water Development Board’s ( /AAA/AAA) $876.94 million of state water implementation revenue fund master trust taxable bonds on Tuesday. “We had a great market environment for this transaction, and saw
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Singapore-based exchange Bitrue is launching a low-interest crypto lending platform, the company said. The service, which goes live on Sept. 30, loans BTC, ETH XRP and USDT at a 0.04% daily interest rate. Users pledge existing Bitrue-held crypto assets as collateral against their $100-minimum loans. Bitrue will fund its novel “power piggy” crypto-holding rewards program
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This week, by popular demand, David decided to cover the Moving Average Convergence Divergence indicator, more commonly known as MACD. It’s one of the oscillators that are quite popular with traders and being a combination of several variables, it’s considered as a more precise tool than many others. David takes us through the theory behind
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