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Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility......
A Florida county board rejected a library's request for a digital subscription to the New York Times, with one commissioner citing President Donald Trump's claim that the newspaper's reporting was "fake news" to justify the decision. A motion to add a digital subscription to the Times for library users met quick opposition at the Board of County Commissioners in Citrus County, about 75 miles (121 km) north of Tampa. "Do we really need to subscribe to The New York Times?" asked Scott Carnahan, the board's second vice chairman, who led the opposition to the move at its Oct. 24 meeting, which was recorded....
Jersey City, New Jersey, will decide today whether to increase regulations on short-term rental properties from companies like Airbnb. If the rule is approved, it would require owners of these properties to get a permit from the city, and set limits on the number of units that can be used for these purposes. Airbnb has spend millions trying to fight this....
Rick Thornberry has been the CEO of Radian Group Inc. (NYSE:RDN) since 2017. This analysis aims first to contrast CEO......
The struggling 127-year-old high tech industrial company gains Wall Street admiration Continue reading......
(Bloomberg Opinion) -- Emerson Electric Co. may have dodged a proxy fight, but it can’t avoid an earnings slump.The maker of air-conditioner components and automation equipment said Tuesday that it would add the former chief executive officer of Flowserve Corp. to its board and pledged to complete a review of its operations by February. The moves are meant to be a balm for activist investor D.E. Shaw & Co., which has called for more aggressive cost cuts, corporate governance improvements and a breakup. A lack of tangible commitments and deadlines in Emerson’s agreement to consider the activist’s recommendations likely contributed to a notably feisty letter from D.E. Shaw last month that blasted what it described as a bloated budget, including a corporate aviation department with no fewer than eight jets, a helicopter and its own intern.Emerson’s new board member, Mark Blinn, was CEO of Flowserve from 2009 to 2017. He’s not a household name,...
(Bloomberg) -- Following October’s rally, a technical indicator is showing that Bitcoin is entering overbought levels.The cryptocurrency’s Global Strength Indicator, a measure of upward and downward movements of successive closing prices, is nearing the 70 level, meaning its price is likely to soon decline after becoming overheated.The price movements resemble when the digital currency traded around $12,000 in August, but failed to break through the resistance and then suffered a drop, losing about $2,000 a coin over the following two weeks.Bitcoin faces solid resistance at the $10,000 level, with investors having difficulty valuing it given continuous debate on whether or not it’s an asset or a currency. For many investors, Bitcoin will need to break that barrier for confirmation that meaningful gains could continue.The digital currency rallied last week after China’s government backed its underlying blockchain technology. China’s President Xi Jinping also said Beijing will increase investment to “keep our country...
