
| URL : | http://blogs.forbes.com/afontevecchia/ | |
|---|---|---|
| Filed Under: | News | |
| Posts on Regator: | 1223 | |
| Posts / Week: | 10.5 | |
| Archived Since: | February 24, 2011 | |
Hedge fund billionaire Bill Ackman chose not to speak of J.C. Penney or Herbalife at the 2013 Ira Sohn Conference, yet shares in the latter had a wild ride as he delivered his speech.
Billionaire hedge fund manager Paul Singer spoke at the Ira Sohn conference, where he warned about the insolvency of the US and other rich countries due to entitlement programs, highly leveraged banks, and the perils of quantitative easing.
After 26 years, Manchester United's legendary manager has called it quits. Sir Alex Ferguson will no longer be the team's coach by the end of this season, meaning investors will have to look at who succeeds him to see if the team can continue to deliver on pitch success and keep its earnings power hgh.
Disney had a solid second quarter, beating top and bottom-line estimates on the strength of its cable unit, particularly ESPN, and a good performance from its parks and resorts business.
Beer sales in the U.S. slowed in the four weeks to mid-April, as drinkers moved from high-profile domestic names like Budweiser and Coors to imports like Corona and Heineken, and Sam Adams.
The stock rally continued on Friday, as the S&P 500 hit record highs in the aftermath of a solid April jobs report that surprised to the upside.
LinkedIn had an amazing second quarter, growing profits more than 200% and beating top and bottom line estimates, but weak second quarter guidance sent the stock tumbling.
After a disappointing print in March, the April jobs report promises to deliver subpar growth once again, as consumption and factory activity has declined and the sequester limits job growth.
Manchester United was finally surpassed by Spain's Real Madrid as the world's most valuable team this year, but the British juggernaut is still making record profits as it signs sponsorship deals around the world and delivers on the pitch.
Visa had a solid second quarter, beating profit and revenue estimates and raising its full year profit guidance as transaction volume grew.
Facebook is set to post earnings after the bell on Wednesday, where investors will look at how the social network founded and run by Mark Zuckerberg is coping with margin compression and a slowing user base, and how it plans to monetize mobile users.
The Fed will continue with its plant to buy $85 billion in Treasuries and mortgage backed securities until the economy improves, the FOMC said on Wednesday, blaming fiscal policy for a slow economy.
April was a good month for Detroit's Big Three, with General Motors and Chrysler seeing demand for pickups and trucks increase as the Bernanke backed housing recovery continues.
Billionaire investor Carl Icahn increased his stake in Nuance, a voice recognition firm reportedly behind Apple's Siri, after the company disclosed a horrible second quarter.
BP's first quarter earnings were marked by everything but its business operations. The company sold its TNK-BP stake to Rosneft, taking a nearly 20% stake in the Russian oil giant, while it continued to deal with courts to settle incidents regarding the Macondo accident.
Case-Shiller data showed housing prices are growing at impressive speeds, clocking in their fastest rate since May 2006 on the back of tight inventories and unprecedented support from the Federal Reserve.
Jim Breyer announced on Monday he will be stepping down from Dell's board, adding to his recent departures from Facebook and Walmart.
U.S. stocks continue their march higher, with the S&P 500 hitting a new record high on Monday in what promises to be a heavy week with the FOMC and the EMC issuing interest rate decisions and the jobs report coming on Friday.
As chatter of a possible bid by Verizon for Vodafone's 45% stake in their wireless joint venture, UBS' analysts decided to update their numbers, which suggest the deal would be worth between $130 and $137 billion and result in the largest U.S. phone carrier.
The Fed's favorite measure of inflation, PCE, declined from 0.7% to 0.2% in March, putting pressure on the Federal Reserve and Bernanke to figure out how to get the economy moving again. In the meantime, risk assets continue to make their way higher.