Greenlight Capital's David Einhorn anticipates the Federal Reserve will issue more interest rate cuts this year than what's being anticipated and that's giving him greater confidence in his gold bet.While rate cut expectations diminished a bit Wednesday following the much better-than-expected January jobs report, traders are still currently pricing in...
Category: Investing
Michael Saylor downplays Strategy credit risk as bitcoin tumbles: ‘We’ll refinance the debt’
Strategy CEO Michael Saylor brushed off concerns about the company's credit risk if bitcoin continues to tumble. In fact, Saylor said he plans to keep accumulating the cryptocurrency for the company every quarter. "If bitcoin falls 90% for the next four years, we'll refinance the debt," the executive said Tuesday...
Berkshire Hathaway outperforms this week as tech stocks sink
Zoom In IconArrows pointing outwardsBerkshire shares are near even with the S&P year-to-date, recovering from a deficit of almost 8 percentage points last week.Zoom In IconArrows pointing outwardsDaVita rallies on strong earnings after Berkshire trims stakeZoom In IconArrows pointing outwardsThat's good news for Berkshire, which holds a 44% stake in...
Activist Engaged Capital is poised to shake up the board at BlackLine. How it may unfold
Company: BlackLine Inc (BL)Business: BlackLine provides financial accounting solutions delivered primarily as Software as a Service (SaaS). The company's solutions enable its customers to address various aspects of their critical processes, including financial close, intercompany accounting, invoice-to-cash, and consolidation. BlackLine's cloud-based solutions include account reconciliations, transaction matching, task management, journal...
Activist Dan Loeb dusts off his poison pen as he seeks a board refresh at CoStar Group
Company: CoStar Group Inc (CSGP)Business: CoStar Group engages in the provision of online real estate marketplaces, information, and analytics in the commercial and residential property markets. It operates through the following segments: CoStar Portfolio, Information Services Portfolio, Multifamily Portfolio, LoopNet Portfolio and Other Marketplaces Portfolio. The CoStar Portfolio segment consists...