WASHINGTON (Reuters) – Goldman Sachs Group Inc has launched a global training initiative to safeguard the tight-knit culture it developed as a private partnership, even as the bank marks its 19th year as a publicly traded company.
“You can win a horse race, but you can’t beat the races.”
– Jesse Livermore
“It is easy to determine that Warren Buffett’s performance was due to his skill in picking stocks. But for more mortal portfolio managers, it is extremely difficult to determine with any degree of confidence whether the superior returns of money managers are due to skill or luck.”
– Jeremy “The Wizard of Wharton” Siegel
At Berkshire Hathaway’s annual shareholders meeting this year, Warren Buffett reported on a 10-year, $1 million bet he had with a group of hedge fund managers.
Protégé Partners chose five top money managers who it argued …read more […]
(Reuters) – Twenty First Century Fox said on Wednesday Executive Chairman Lachlan Murdoch will serve as chairman and CEO of the proposed new Fox, following the sale of its film and TV assets to Walt Disney Co .
The chipmaker reported a profit in the first quarter of 2018, marking an important milestone in its multiyear turnaround. …read more […]
WASHINGTON (Reuters) – The United States is pushing for a deal in negotiations on a revised North American Free Trade Agreement (NAFTA), the White House said on Wednesday, but Canadian and Mexican officials were not due in Washington for talks before a Thursday deadline.
OTTAWA (Reuters) – Canada is prepared to cover any losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion continues to be delayed by political opposition, Finance Minister Bill Morneau said on Wednesday.
Donald Trump Jr. said he didn’t tell his father before a 2016 meeting with Russians who promised to deliver damaging information about Hillary Clinton, according to transcripts of interviews released Wednesday by the Senate Judiciary Committee. …read more […]
The energy infrastructure giant’s management team was very candid on its first-quarter conference call. …read more […]
Israel celebrated the opening of Guatemala’s new embassy in Jerusalem on Wednesday as the Palestinians, infuriated by the relocation of the U.S. Embassy to the contested city, recalled their ambassadors to four European countries that had supported the move. Israel has been buoyed by the new Jerusalem missions, which have infuriated the Palestinians. The opening of the U.S. Embassy on Monday was met with mass protests on the Gaza border, where Israeli troops killed nearly 60 Palestinians, triggering a wave of international condemnation. …read more […]
(Reuters) – Wall Street edged higher on Wednesday as Macy’s strong results helped drive gains in retails stocks and more than offset losses in energy shares.
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday that “nothing has happened” with China’s ZTE Corp and that Beijing has “much to give” Washington on trade.
(Reuters) – Wall Street opened little changed on Wednesday as gains in retail stocks led by Macy’s offset losses in energy and financial shares. The Dow Jones Industrial Average rose 15.91 points, or 0.06 percent, at the open to 24,722.32. The S&P 500 opened higher by 1.17 points, or 0.04 percent, at 2,712.62. The Nasdaq Composite gained 4.59 points, or 0.06 percent, to 7,356.22 at the opening bell.
FRANKFURT (Reuters) – The chairman of Deutsche Boerse’s supervisory board said on Wednesday he would not insist on serving another full three-year term amid criticism that he is partly to blame for management missteps.
The last Porsche 911 Speedster was a limited-production special that marked the end of the 997-generation 911. We’ve seen spy photos of that car’s follow-up a few times by now, each revealing a little bit more than the last. From what we can tell, the new model is essentially a drop-top version of the 991.2 Porsche 911 GT3, 500 horsepower naturally-aspirated flat-six and all. …read more […]
OTTAWA (Reuters) – The Canadian government is prepared to financially shield Kinder Morgan Canada Ltd’s proposed Trans Mountain pipeline expansion against unnecessary delays that are politically motivated, Finance Minister Bill Morneau said on Wednesday.
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