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Billionaire Jim Simons Bets on These 2 “Strong Buy” Stocks

In times like these, investors can get by with a little help from the Wall Street legends. Deemed as “the man who solved the market,” Jim Simons relied on his experience as a mathematician and code-breaker to pioneer a ground-breaking investing approach, one that involved crunching data and developing predictive algorithms.Founding one of the most formidable hedge funds on the Street, Renaissance Technologies, in 1978, Simons, who is worth approximately $23 billion, has more than earned his reputation as the best of the best. Between 1988 and 2018, Renaissance generated trading profits of over $100 billion, and its flagship fund, …read more […]

Healthcare

CloudMD (OTC: DOCRF) to Acquire Profitable Seven Location Rehabilitation Clinic Network with $5.8 Million in Annual Revenue

Re:Function Health Group’s clinics and 35 Specialists and Allied Healthcare Professionals increases CloudMD’s network to 14 clinics servicing approximately 500,000 patients Re:Function Health Group is a leading integrated clinic network offering various rehabilitation services 35 […]

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Steady oil price belies weakening physical market

The oil price is holding steady close to $45 a barrel, but prices further forward and in the physical market are showing new signs of weakness mainly due to a fall in demand from China after the country’s buying binge earlier in the year. The spread between Brent crude for nearby delivery and six-months ahead is at its widest since late May at around $2.50, a market structure known as contango. The market began to rebalance in late May when economies began to reopen and as OPEC and other major producing countries made big production cuts. …read more […]

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Butcher-Turned-Gambling Billionaire Fights for His Casino Empire

(Bloomberg) — Billionaire Johann Graf has never had to fight on so many fronts at the same time.The ordinary-man’s gambling company, Novomatic, the 73-year-old Austrian butcher-turned-tycoon created four decades ago, is raking in smaller profits as the pandemic drives people away from slot machines in casinos from Las Vegas to Macau. His company is also battling allegations of corruption, its chief executive has left and it needs to refinance about 1 billion euros ($1.2 billion) in debt.“Not only is it in a delicate sector, but it’s also facing several challenges at once,” said Alois Woegerbauer, the head of 3 Banken-Generali …read more […]

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Stock market news live updates: Stock futures jump, Dow futures add 200+ points as Covid-19 vaccine, treatment hopes rise

Stock futures rose Monday morning, setting stocks up to add to last week’s record levels as market participants reacted to positive developments over a coronavirus treatment, and signs that a vaccine might be authorized in the near-term. …read more […]

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Liz Weston: The 2 costs that can make or break your nest egg

If you earn a decent income but have trouble saving, the culprits could be the roof over your head and the car in your driveway. Retirement savers who contribute more to their 401(k)s often spend less on housing and transportation than their peers, according to a study by the Employee Benefit Research Institute and J.P. Morgan Asset Management. “It may be decisions that you’re making as you are building your life that will ultimately crowd out saving for retirement, ” says Katherine Roy, chief retirement strategist for J.P. Morgan Asset Management. …read more […]