Economies around the world have failed to boost productivity levels despite $10 trillion of central bank stimulus unleashed since the global financial crisis of a decade ago, according to the Geneva-based World Economic Forum (WEF) think tank.
Johnson & Johnson must pay $8 billion in punitive damages to a man who previously won $680,000 over his claims that it failed to warn that young men using its antipsychotic drug Risperdal could grow breasts, a Philadelphia jury said on Tuesday.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 730 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of June […] …read more […]
The chairman of the French carmaker Renault will propose to its board of directors to find a successor to current Chief Executive Thierry Bollore, business daily Le Figaro reported on Tuesday, citing sources.
Johnson & Johnson must pay $8 billion in punitive damages to a man who previously won $680,000 over his claims that it failed to warn that young men using its antipsychotic drug Risperdal could grow breasts, a Philadelphia jury said on Tuesday.
Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts to fend off global economic risks, repeating that the central bank will act “as appropriate” amid an economy that he said is likely to continue to expand.
Power provider PG&E Corp’s unit said on Tuesday it would cut off power for nearly 800,000 customers across northern and central California to reduce wildfire risk following severe wind warnings.
The United States said on Tuesday it had imposed visa restrictions on Chinese officials for the detention or abuse of Muslim minorities, heightening tensions with Beijing and casting a pall over high-level talks to end a 15-month trade war.
Twitter Inc said on Tuesday email addresses and phone numbers uploaded by users to meet its security requirements may have been ‘inadvertently’ used for advertising purposes. Social media companies, including Twitter and Facebook, have faced heat from users and regulators globally on how their platforms handle user data. Twitter said when advertisers uploaded their marketing lists, it may have matched people on Twitter to their list based on the email or phone number the Twitter account holder provided. …read more […]
The EIA has once again revised downward its crude oil price forecast, cutting it by $5 per barrel compared to last month …read more […]
Goldman Sachs Group Inc said on Tuesday it is reviewing its involvement in Megvii Technology Ltd’s planned initial public offering (IPO) in light of U.S. action against the Chinese artificial intelligence firm.
Banco Santander Brasil SA is likely to see its loan book grow by more than 10% per year through 2022 and maintain its current profitability ratio at 21%, Chief Executive Officer Sergio Rial said on Tuesday. Rial told analysts at an event at the bank’s headquarters in Sao Paulo that consumer lending will drive Santander’s loan book growth. Santander also disclosed in a securities filing that it sees its client base growing more than 7% per year until 2022. …read more […]
U.S. stocks ended down sharply and near the day’s lows on Tuesday as news that the United States has imposed visa restrictions on Chinese officials overshadowed comments by Federal Reserve Chairman Jerome Powell suggesting openness to further interest rate cuts.
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was Cisco Systems, Inc. (NASDAQ:CSCO). Is Cisco Systems, Inc. (NASDAQ:CSCO) undervalued? […] …read more […]
Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […] …read more […]
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