Traditionally, I like to stay away from airlines; their earnings are unpredictable, they are highly dependent upon fuel costs, and fixed costs are high, which means the earnings are... Read More

Value investor Mohnish Pabrai has spent a tremendous amount of time studying the investments and investment philosophy of Warren Buffett and Charlie Munger. Q2 hedge fund letters, conference, scoops etc He... Read More

Harris Kupperman's Praetorian Capital had a pretty rough first quarter. The fund lost 41.2% net of fees during the first quarter of 2020. That's according to the firm's first-quarter... Read More

Greek gambling monopoly OPAP, has been eyed by several foreign investors who have expressed their interest in buying a stake in the company. We have been talking about Dan... Read More

Asset outflows from high yield debt are moving along near record clips, with stock market outflows also at notable levels, according to a Bank of America Merrill Lynch report.... Read More

Last week investors pulled $6.8 billion from high-yield bond funds last week, the third-biggest outflow on record. Several factors contributed to the outflows including worries about the sustainability of... Read More

UBS believes the bund yields sell-off will continue. DoubleLine Capital Chief Executive Officer Jeffrey Gundlach, who oversees around $109 billion in client funds, is considered to be Wall Street’s leading... Read More

Retail Gasoline Prices This Summer Expected To Be Lowest Since 2004 by Sean Hill & Tim Hess - EIA The U.S. Energy Information Administration forecasts that U.S. drivers will pay... Read More

Detroit’s decline from Motown to the largest municipal bankruptcy in US history is long, extending back to the 1960s, but former mayor Kwame Malik Kilpatrick was the straw that... Read More

The markets are engaging in unusual patterns of behavior, a research note from RBC notes, pointing to the “quantitative nature” of some unusual unwinding behavior. In the end, though,... Read More