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Alphabet Relies on its Roots Google's parent company announced better than expected results on Thursday, with the stock surging 9% after hours, and its real strength was its core business: its internet search engine. That continued to be a reliable money-maker, even as the company has...

Dear Current or Former PG&E Customer, You are receiving this email to inform you that PG&E Corporation and Pacific Gas and Electric Company (collectively, “PG&E”) have reached the next step in their Chapter 11 Cases: the setting of the “Bar Date.” The Bar Date is the deadline by which any...

Beware of Corporate Debt, Even Non-Junk, Says David Einhorn (AI-CIO.com) David Einhorn sniffed out fixed income trouble in 2008 and sees more ahead in the US corporate bond market. In fact, the hedge fund chieftain is shorting corporate debt. So downbeat is Greenlight Capital, his firm, about...

Hedge Fund Manager Kyle Bass Says a US-China Trade Deal Can’t be Reached (CNBC) Hedge fund manager Kyle Bass is doubtful a trade deal between the U.S. and China could be reached and believes the Federal Reserve’s rate cuts are less effective these days. “Every deal that the Chinese have signed...

https://www.oaktreecapital.com/docs/default-source/memos/on-the-other-hand.pdf

An Egon Schiele drawing found in a thrift store is valued at up to $200,000. Egon Schiele, Reclining Nude Girl, ca. 1918. Courtesy of Galerie St. Etienne. In June 2018, Jane Kallir, the leading expert on Egon Schiele and the author of his catalogue raisonné, received an email from a man who...

“Change your thoughts and you change your world.” - Norman Vincent Peale

Boeing's Earnings Sink Boeing has taken an unsurprising hit to its earnings over the 737 Max in the second quarter: a $3.4 billion loss, to be precise. But there are other things you need to know, too, from the (vague) timeline for bringing the 737 Max back into skies, to Boeing's cash flow...

Manager Research Matters Even More Than You Think Illustration by II It may seem like common sense: The more time spent on due diligence, the better the return. But an analysis shows that the extent of the payoff is surprising — and quantifiable. By Christopher Schelling July 24, 2019 Most...

Play Defense in Stocks and Buy Emerging-Market Bonds, Deutsche Bank Says By Daren Fonda July 24, 2019 7:15 am ET Order Reprints Print Article Photograph by Angela Weiss/AFP/Getty Images Text size It may not pay to fight the Fed. But that shouldn’t stop investors from getting defensive in...

Breaking news: Pro sports teams are worth a lot of money No, seriously... like, a lot of money. According to a Forbes report, the Dallas Cowboys are the world’s most valuable sports team for the 4th year running, at $5B. But they’re far from alone as a billion-dollar sports-ball operation...

Singapore is Caught in the Middle Chipmakers in Singapore have slowed production and begun laying off workers, as the island-state has been caught between the U.S.-China trade war. Making the chips made up about a third of the country's manufacturing output last year. Semiconductor sales are...

“I have no special talents. I am only passionately curious.” - Albert Einstein

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Economics Black Swan Hunter: The New York Fed Has a Department for Doubt By Craig Torres July 24, 2019, 12:00 PM GMT+3 Job of McConnell’s little-known unit is to query everything She sees danger in booms that leave policy makers complacent Margaret McConnell often tells Federal Reserve...

Nasdaq Makes Bet on Sports Gambling Exchange operator Nasdaq is selling technology to a British soccer betting website that lets users wager on the performance of individual players Football Index, launched a virtual “stock market” in 2014 in which gamblers buy shares in star players like...

Oatly Goes to China Dairy is an exploding business in China. The industry is now worth $61 billion, and growing—approaching the U.S.'s $65 billion industry, which is declining—despite the fact that 90% of the population is actually lactose intolerant. Enter Oatly, the Swedish oat-based milk...

Apple and Intel Apple is in advanced talks with Intel to acquire its smartphone modem chip business, WSJ reports—a crucial step in Apple differentiating its iPhone, and getting a head start on the growth of 5G. That deal could be worth $1 billion, giving Apple access to technology and...

Investors Withdraw $44bn from Hedge Funds But Some Strategies Benefit from Inflows(Opalesque.com) Investors pulled $16.43bn from the hedge fund industry in June, bringing year-to-date (YTD) outflows to -$44.61bn, said eVestment. According to June 2019 eVestment Hedge Fund Asset Flows report...