Powell stressed the central bank's independence in a speech Tuesday that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
Melania Trump said in a tweet that she is "excited to have Stephanie working for both sides of the @WhiteHouse."Politicsread more
Acting Customs and Border Protection Commissioner John Sanders will resign amid furor over the Trump administration's treatment of migrant children.Politicsread more
Investors are piling into gold, sending the precious metal to a six-year high, and analysts think the commodity has established a base to go even higher.Marketsread more
More than 300 companies are talking to government officials in Washington about the how detrimental the trade war is.Marketsread more
The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
Massachusetts Institute of Technology President L. Rafael Reif warned the MIT community of "serious long-term costs" to in an email to the school community Tuesday.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The yield on the benchmark 10-year Treasury note fell below 2% on Tuesday as investors looked for safety following the release of much weaker-than-expected confidence data.Bondsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
Investors plow into the precious metal amid the prospects for lower interest rates, a softer global economy and increased geopolitical tensions.Marketsread more
David Einhorn's Greenlight Capital missed out on the best January for stock investors in two decades.
Greenlight Capital Offshore declined 6 percent in January, while the Greenlight Capital LP fund dropped 6.6 percent, according to a source familiar with the returns.
The rose 5.6 percent last month, marking its best January performance since 1997. January's gain was also the best month for the S&P 500 since March 2016.
A source told CNBC the fund manager said to investors that many of the firm's bets against companies rose by 15 percent or more, outperforming its long positions. Einhorn also said most of the fund's underperformance occurred in the last week of January.
The weak monthly return followed Einhorn's poor performance last year. Greenlight Capital returned a meager 1.6 percent in 2017 versus a 19.4 percent gain for the S&P 500, according to an investor letter.
The fund manager has already lamented over his bearish bets on stocks last year. Shorting is a trading strategy where investors borrow and sell shares in hopes of buying them back at a profit after a drop.
"The biggest losers for the year were our short positions on the 'bubble basket' and Caterpillar," he wrote in his annual letter to clients on Jan. 16. "It's tough to look at full year losses on Amazon (+56%), athenahealth (+26%), Netflix (+55%) and Tesla (+46%) when we believe all those stocks appeared priced with little margin for error entering the year, and none executed well or met fundamental expectations in 2017. "
If Einhorn didn't exit those positions, the same basket of stocks likely contributed to the fund's losses in January.
Amazon rose 24 percent, athenahealth dropped 6 percent, Netflix rallied 41 percent and Tesla gained 14 percent in the first month of 2018.
A Greenlight spokesperson declined to comment.