Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.Marketsread 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
Growth in fitness is strong now, but analysts are already warning of a slowdown if the economy goes into a recession.Business Newsread more
The service will be available on popular platforms like Apple TV, Google Chromecast and Roku, but not Amazon's Fire TV.Technologyread more
Investors should be careful not to buy or sell stocks based on last week's brief inversion of the yield curve in the bond market, CNBC's Jim Cramer warns.Investingread more
The conglomerate's head of investor relations released a more detailed statement about accounting practices under fire from Harry Markopolos.Marketsread more
Wild market swings claimed plenty of victims last week, but Cornerstone Macro's Carter Worth says Home Depot is poised for a big breakout.Options Actionread more
Goldman notes that high-dividend payers are trading at their largest valuation discount in nearly 40 years.Marketsread more
At the Sohn Investment Conference in Manhattan on Monday, Greenlight Capital founder and president David Einhorn said Tesla CEO Elon Musk's promises about Tesla's self-driving vehicles amounted to "a lot of horse---t."
Greenlight is famously short shares in the electric car maker, and Einhorn is regarded as one of the most prominent and vocal critics of Musk as well.
Last year, Einhorn and Musk clashed over Greenlight's short position in 2018, after the hedge fund suffered losses from Tesla's rising share price in the second quarter. After that clash, Musk fans at Chubbies, a mens' apparel business, sent a box of short-shorts to Einhorn.
At the Sohn Conference, Einhorn quipped: "Napoleon once said, 'Never interrupt your enemy when he's making a mistake,' so I won't. Just watch the screen."
He then presented a few slides showing Elon Musk's frowning face behind captions which were promises and proclamations he made recently, including:
"That's a lot of horse---t," Einhorn concluded, with a slide that showed a poop emoji replacing Musk's face in the slide, inspiring some chuckles from the audience.
Einhorn then moved on to a presentation about planes, trains and leasing, and some new investments at Greenlight.
The Sohn Conference convenes fund managers who volunteer to present investment ideas to raise money to fight pediatric cancer.