Month: November 2019

Who is the greatest investor in history? It’s not Warren Buffett or George Soros…
Nicholas Vardy explains how this lesser-known investor ignored modern financial theory and created the best-performing quant fund ever.

So who is the greatest investor in history?
Most investors would say Warren Buffett.
Despite trailing the S&P 500 over the past 15 years, Buffett has a cult-like following across the globe. A search for Buffett’s name on Amazon reveals more than 4,000 results.
Those in the hedge fund world would point to George Soros. His high profile – and highly profitable currency bets – have certainly earned him a place on the …read more […]

Disney’s streaming service is thriving after the entertainment powerhouse has close to 1 million new subscribers a day, a total of 15.5 million subscribers according to Apptopia. The research claims that Disney brought in $5 million from in-app purchases. Yahoo Finance’s Brian Cheung, Scott Gamm and Sibile Marcellus discuss on YFi AM. …read more […]

Dollar Tree reported quarterly results that missed expectations despite revenue topping Wall Street’s consensus. Dollar Tree expects tariffs to increase cost of goods sold by about $19 million for the fourth quarter if the full level of tariffs are put in place. Yahoo Finance’s Brian Cheung, Scott Gamm and Sibile Marcellus discuss on YFi AM. …read more […]

Abercrombie & Fitch missed Wall Street’s earnings and revenue expectations. Wall Street was expecting a slight increase in same-store sales, however, growth was flat for the retailer. Yahoo Finance’s Brian Cheung, Scott Gamm and Sibile Marcellus discuss on YFi AM. …read more […]

Profits across U.S. banks dipped by $4.5 billion to $57.4 billion in the third quarter of 2019, as “nonrecurring events” at three large financial institutions drove down sector growth, the Federal Deposit Insurance Corporation reported Tuesday. Absent those events, which the FDIC said were previously diclosed asset writedowns by Bank of America, Wells Fargo, and Mufg Union Bank, the banking sector would have continued its march to record profits by posting a slight increase to its all-time high of $62.6 billion record in the second quarter. The decline drove profits 7.3% lower than where they stood one year …read more […]

Elon Musk took to Twitter to show the strength of the new Cybertruck in a video showing the pickup towing the Ford F-150. The legacy carmaker says the test was a gimmick, without disclosing the model of the F-150 being towed. Ford exec Sunny Madra replied to Musk’s tweet, asking the Tesla CEO to send a Cybertruck for an “apples to apples” test. In other Musk news, he says he will testify in his own defense against a defamation lawsuit brought by a British cave explorer. …read more […]

S&P 500 companies’ earnings are expected to decline in the fourth quarter from the year-earlier period, which could be a second straight quarterly profit fall for the group, according to IBES data from Refinitiv. As of Tuesday, fourth-quarter earnings for the S&P 500 were expected to fall 0.1% from the year-earlier period, according to analysts’ forecasts compiled by Refinitiv. The latest estimate for fourth-quarter earnings is down sharply from 11.5% growth projected for the period as of the start of the year and down from 4.1% growth projected for the quarter as of Oct 1. …read more […]