People are wearing protective face masks outside the Home Depot in the Flatiron neighborhood as the city reopens Phase 4 following restrictions imposed to slow the spread of coronavirus on August 8, 2020 in New York City. Noam Galai | Getty Images Home Depot on Tuesday reported that its quarterly …
Read More »China is launching an investigation into some imports from Australia
China’s Ministry of Commerce said on Tuesday it was launching an anti-dumping investigation into some wines imported from Australia. Australian Federal Trade Minister Simon Birmingham said in a statement that Chinese authorities “Australia have also advised that they consider a request to launch an investigation into spending.” “This is a …
Read More »Stock futures are flying in overnight trading as the S&P 500 inches closer to record
A pedestrian pass for the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Stock futures were flat on Monday in the stock market as the S&P 500 again failed to reach a record high, set a level before the coronavirus crisis hit. Futures on the Dow Jones …
Read More »America’s Car-Mart, Kohl’s, Uber and more
A view outside a Kohl’s store on July 16, 2020 in Miramar, Florida. Johnny Louis | Getty Images Check out the companies that make headlines around the clock: America’s Car-Mart – Shares of America’s Car-Mart jumped nearly 5% in expanded trading after the auto-financing company reported better-than-expected revenue. The company …
Read More »An investor whose fund returned 4.144% in the first quarter explains why tail risk strategies are too dangerous for the average trader – and calls ongoing Fed incentives ‘very, very destructive’
Bloomberg TV Mark Spitznagel, the boss of Universa Investments, saw its fund return 4.144% in the first quarter. He explained to CNBC on Monday why hedge risk hedging is generally a “costly and bad strategy”. Spitznagel warned investors at home against using the investment technique. Instead, he said, they should …
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