While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday afternoon as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Once-in-a-generation stock bubbles have formed in three sectors, says John Fichthorn, co-founder of Dialectic Capital Management: solar energy, software as service and 3-D printing.
"I can't call the exact top," he said Wednesday. "We think the opportunity with any kind of reasonable time frame now is really the best we've seen since starting our firm 10 years ago, and really, since I've been doing this since '95, and I was a short-seller in the middle of the Internet bubble. In many ways, this is more compelling 'cause it makes even less sense that we're here today."
On CNBC's "Halftime Report, " Fichthorn said the short opportunities were driven by more than just the Federal Reserve's monetary policy.
(Read more: Superbear Marc Faber sees bright spots)
"To a large degree, easy money drives bubbles," he said. "But here you have a bubble that is largely driven without fundamentals in certain areas, and so you have this crazy, bifurcated market where you've got incredibly cheap stocks and incredibly expensive stocks, really, inside the same sector. And when this easy-money period ends, and maybe even before as we see some of these fundamentals starting to soften, you're going to have an opportunity to make a lot of money on the short side."
Three-dimensional printing: "I am short 3D (Systems), and we think the entire sector is compelling as a short, " Fichthorn said, adding that it "almost looks like a cheap stock."
"The entire industry has basically had, you know, a five to 10 times multiple expansion on a revenues basis and doesn't generate any profits. Certainly not any free cash flow," he said. "And 3D Systems just cut their earnings guidance for the year."
(Read more: 'Some pockets of value left' in stocks: Kate Moore)
Fichthorn added that three-dimensional printing was an industry with "low profitability and just captures imaginations, and we think it's about run its course at this point."
Solar energy: "We think the Chinese solar companies and even some of the other ones are bigger shorts, although First Solar will have its day of reckoning, as well, " he said, adding that he did not have a position in First Solar.
One of the biggest problems in the sector was overcapacity, Fichthorn said, noting that the industry has 60 gigawatts of capacity in the face of demand below 40 gigawatts.
"You can't have a supply-demand imbalance like that and make any money, and so ultimately these stocks are going to do exactly what they did in 2011, and they're going to correct again," he said.
Software as service: "This is the 2000 bubble over again," said Fichthorn, who is short the sector but didn't close which companies.
The only thing that has changed since the dot-com bubble was that they are now in the cloud, he added.
"So, you've got a more difficult growth model. You've got a less profitable model. And you have the same multiples you had in the Internet bubble," he said. "I never thought in my lifetime I would see the Internet bubble opportunity again, and here it is."