BOSTON, July 31- Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. A 23 percent drop in Micron Technology Inc, another one of Greenlight's top long positions, also hurt as did a 4 percent drop in Apple Inc's stock price,...» Read More
Sure, it took nearly 66 months, but the Standard & Poor's 500 is finally back to where it peaked in 2007. The next milestone will be its all-time intraday high of 1,576.09, set on October 11, 2007.
Despite its own significant problems, the U.S. has managed one claim through a time of heightened global crisis: It's not as bad as the rest of the world.
Alec Young, global equity strategist at S&P Capital IQ, tells CNBC that EU comments about Cyprus being a template for future bailouts caused a wave of concern late in Monday trading, halting the market rally.
Saruul Ganbaatar, Deputy CEO of the Mongolian Stock Exchange, discusses the steps the exchange is taking to attract more activity.
Investors took a subdued reaction Monday to the bailout chaos in Cyprus, but expect that to change significantly should policy makers stumble further.
Brazil, Russia, India and China have been seen as the collective pillar of emerging market growth. But signs indicate that investors are now looking elsewhere.
Vasu Menon, Vice President of Wealth Management Singapore at OCBC Bank, warns that volatility should be expected going forward and a correction of 5% would be ideal entry point into the markets.
German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles.
Even amid declining stock market correlation, active managers are still having a tough time staying competitive.
Citi bought a bunch of loans from Credit Suisse. Now it has bought insurance on those loans from Blackstone, helping the bank avoid new capital rules.
"A short-selling ban would signal that they're really starting to panic. As a result it's probably going to have unintended consequences," one pro said.
Andrew Economos, MD & Head of Sovereign & Institutional Strategy Asia, JP Morgan Asset Management explains why he expects another 5 to 10% yield in equity markets for the first half of this year.
Carl Icahn bought 14 million shares of Herbalife, making a major bet against Pershing Square's Bill Ackman, who is short the stock. The two had an epic showdown on CNBC last month .
Some of the biggest hedge funds that helped make Apple a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price.
Three of Dell's largest investors joined Southeastern Asset Management on Friday in objecting to a $24.4 billion buyout of the No. 3 PC maker led by Chief Executive Michael Dell, sources said, as opposition grows to the largest buyout since the start of the financial crisis.
Barclays is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations and cut costs, a person familiar with the matter said on Wednesday.
London hedge funds Odey Asset Management and Egerton Capital are among those upping their bets against Monte dei Paschi di Siena in recent days, after revelations the troubled Italian bank faces heavy losses.
BlackRock has taken an $80 million stake in Twitter, a person with knowledge of the deal said. BlackRock will buy shares directly from early Twitter employees seeking to liquidate their stock holdings and options.
Billionaire activist investors Carl Icahn and Bill Ackman are at it again.
Chinese investment banks are carrying out their biggest layoffs and bonus cuts since the financial crisis as they brace for further profit declines, hit by an ongoing drought in initial public offerings in China that started in September.