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SoftBank's Son cleaves to guts-led investing in chat with Alibaba's Ma

Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp’s founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc’s co-founder Jack Ma. SoftBank owns 26% of China’s Alibaba with its origin in a $5 million investment in 2000, and the stake is now worth more than the Japanese firm’s market capitalization. Son on Friday said the decision to invest in Alibaba was driven by gut feeling. …read more […]

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Four people killed in failed robbery shootout in Florida

Four people died in a shootout following the theft of a United Parcel Service Inc truck and an attempted jewelry store robbery in a Miami suburb, the FBI and police said late on Thursday. The incident began with an attempted robbery of a jewelry store in the Miami suburb of Coral Gables, in the city’s famed “Miracle Mile” shopping district about 4:15 p.m. The shop owner confronted the robbers with a gun. …read more […]

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ECB Rate Cuts Seen as Done With Lagarde’s Review in Spotlight

(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.The European Central Bank is done with cutting interest rates despite persistent downside risks to growth, according to a Bloomberg survey of economists.With officials increasingly concerned about the impact of negative rates and President Christine Lagarde about to announce a strategic review, most respondents said monetary policy is on autopilot for the next two years. That’s a turnaround from the previous survey which predicted more easing in June. Economists now see the next move as a rate …read more […]

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Goldman Predicts Alibaba Will Jump 31% in Hong Kong in Next Year

(Bloomberg) — Goldman Sachs Group Inc. was among the many Wall Street banks that missed out on underwriting Alibaba Group Holding Ltd.’s Hong Kong share sale. Now, its analysts are showering China’s largest company with compliments.Goldman stock analysts just initiated coverage of the shares with a buy rating, predicting they can rally another 31% in the city over the next year. Reasons include its “experienced senior” management team and reach in China’s digital economy.Alibaba can capture nearly a third of China’s retail payments this year, analysts led by Piyush Mubayi wrote in the report. It also has the potential to …read more […]

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Hedge Funds Are Dumping Warrior Met Coal, Inc. (HCC)

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]

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Hedge Funds Snapped Up ACADIA Pharmaceuticals Inc. (ACAD) Before The Q4 Rally

The market has been volatile in the last few months as the Federal Reserve finalized its rate cuts and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage […] …read more […]

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Prudential Financial Inc (PRU): Are Hedge Funds Right About This Stock?

The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […] …read more […]

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Hedge Funds Cashed Out Of Amicus Therapeutics, Inc. (FOLD) Too Early

Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […] …read more […]