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Dyson Becomes Latest Sign That Electric-Car Bubble Is Bursting

(Bloomberg) — Dyson Ltd.’s sudden decision to scrap its $2.5 billion electric-vehicle ambitions is the latest reality check creeping into the once soaring EV industry.The famed maker of vacuum cleaners and hair dryers couldn’t find a way of making the project commercially viable, billionaire James Dyson said in a letter to staff Thursday. The announcement came about two years after the company first disclosed its plans to jump into car manufacturing.Dyson represents one of the most high-profile players to pull out of a sector that’s attracted hundreds of start-ups in recent years seeking to become the next Tesla Inc. But …read more […]

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Were Hedge Funds Right About Flocking Into LyondellBasell Industries NV (LYB)?

While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the second quarter and hedging or reducing many of […] …read more […]

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Hedge Funds Are Warming Up To McKesson Corporation (MCK) Once Again

Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors’ consensus returns have been exceptional. In the following paragraphs, we find out […] …read more […]

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Did Hedge Funds Drop The Ball On Ventas, Inc. (VTR) ?

Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ complex research processes to determine the best stocks to invest in. A particularly […] …read more […]

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Hedge Funds Have Never Been This Bullish On O’Reilly Automotive Inc (ORLY)

Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors’ money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […] …read more […]

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Hedge Funds Have Never Been This Bullish On Paychex, Inc. (PAYX)

Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […] …read more […]

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Governor Attacks PG&E for Blackout Caused by ‘Greed and Neglect'

(Bloomberg) — Faced with mounting public anger over massive blackouts, California Governor Gavin Newsom blamed PG&E Corp. for years of “greed and neglect” and demanded major structural changes at the bankrupt utility.Newsom’s comments came as many Californians questioned whether PG&E overreacted to a windstorm that didn’t prove as powerful as forecast. The company cut electricity to more than 2 million people — the largest preemptive blackout in the state’s history — to prevent its power lines from sparking wildfires.The Democratic governor, who on Wednesday called the blackouts “appropriate under the circumstances,” took a dramatically harsher tone Thursday, blaming PG&E for …read more […]

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GM’s Patience With UAW Runs Thin as Strike Nears One-Month Mark

(Bloomberg) — General Motors Co.’s chief labor negotiator suggested the United Auto Workers is dragging its feet in responding to the automaker’s latest contract offer in a show of frustration with a strike that’s lumbering toward the one-month mark.GM made a comprehensive offer Monday morning to the UAW and hasn’t received a response in the days since, despite Chief Executive Officer Mary Barra joining a meeting with the union Wednesday. Scott Sandefur, GM’s vice president of North American labor relations, scolded his counterpart at the union for the delay and criticized the UAW’s plan to make a counter proposal only …read more […]

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UPDATE 1-Wildfire destroys homes, causes injuries in California mobile home park

A fierce wildfire that erupted in southern California on Thursday destroyed homes and structures and caused “numerous medical emergencies” at a Riverside County mobile home park, fire officials said. No further details were immediately available on how many mobile homes had been burned or the nature of the medical emergencies. The Sandalwood Fire was one of about 275 wildfires that have broken out across California in the past 24 hours as hot, gusty winds signaled the start of its peak fire season, state officials said at a news conference. …read more […]