Closing Time

Another week, another hedge fund closure. Tourbillon Capital Partners, announced that it is closing his main fund after losses, acknowledging what many knew already - that the hedge fund model is broken. Tourbillion plans to return the more than $1 billion to...

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Strategy is to lift the stock price

General Electric Co. (GE), whose performance, both from a profit and stock price standpoint, has been dismal over the past decade, announced that its new boss could receive $21.3 million in annual compensation and earn shares worth more than $200 million -- but only...

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October Surprise

Corporate results are one of the key indicators of economic growth. But, after consecutive quarters of near-record profit growth, companies are starting to lower expectations. With third-quarter earnings coming up in the next few weeks, US companies are cutting their...

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Chasing Returns

Earlier this week, one of the most venerated venture capital (VC) firms - Kleiner Perkins Caufield & Byers announced that it is splitting in two, a surprise rupture that reflects the struggle to balance making smaller bets on young startups and major investments...

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Gone in smoke

By now, almost everyone has heard the latest in a series of weird behaviors from Tesla’s CEO, Elon Musk. Earlier this week, he went on a video podcast to discuss technology and ended up taking a “hit” i.e. smoked a joint violating very publicly the rules that he...

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Here come the fat bonuses once again

Earlier this week, Merrill Lynch announced that it is nixing a ban on charging commissions in retirement accounts, marking a reversal for the Wall street brokerage that just a few years ago said fee-based services are better for clients. It is now clear that the...

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 Broken Biz But Not for the CEO

The worst kept secret in retailing is that Sears is going under and will eventually be relegated to the history books. Earlier this week, Sears Holdings Corp. provided a list of 46 unprofitable stores, across 28 states, that it will close in November. The number...

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Onto Boring Stocks

Following a wild week in which the VIX (Volatility Index) had two 10 percent spikes, and high-priced tech stocks whipsawed, the move to safety has begun. With the markets getting choppy, despite the prospect of further upside, investors are slowly but surely moving...

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