Renaissance

Hedge Funds Pile Into Just Six Tech Stocks

With an average gain of 26% , it’s hard to overstate the influence of just six stocks on the U.S. stock market in the first quarter: Facebook Inc., Apple Inc., Amazon.com Inc., Microsoft Corp., Alphabet Inc. and Netflix Inc.

Jeff Ubben Steps Down As ValueAct Investment Head

Jeff Ubben, the activist investor who built the iconic ValueAct hedge fund into a $16bn powerhouse, is stepping down from daily oversight of its portfolio and handing the reins to his protégé, Mason Morfit, the FT reports.

 

Household Spending Growth Expectations Crash To Cycle Lows

Despite record high stock prices, soaring consumer sentiment measures, and the constant Fed-spun narrative that incomes will rise amid 'full-employment', the latest survey of Americans by The New York Fed signals hope is collapsing for a spending renaissance...

With Trump As President Prepping Is More Important Than Ever

Blind faith in a post-Trump renaissance is misplaced. It is something that has yet to be proven, and in the meantime, there are numerous and highly visible dangers on the horizon that demand continued vigilance and preparedness.

After Brexit, 9 Reasons To Be Bullish On Great Britain

Today Mrs. May finally officially announced Brexit and kicked-off the process of divorce from the EU. A disaster for Britain, according to officials in Brussels, Berlin and Paris. Really? Whenever there is broad consensus it is worthwhile to challenge it.

Meet The Mercers - The Most Powerful Family You've Never Heard Of

History is full of powerful families that have left their mark on the political and economic systems of their age. More recently, the Koch brothers have drawn attention to themselves... However, under the Trump administration, a new family is entering the generally cemented world of D.C. power-grabbing...

TDB's picture

Robots are going to take all our jobs, and it doesn’t matter. We should actually be thrilled about the prospects of automation, because it means freeing up economic resources, including arguably the most valuable resource, time.