Investments
Hurricane Isaias industry loss seen over $1bn: Aon
Hurricane Isaias, which impacted the Caribbean, made landfall in the Bahamas, then raked the Florida coast, after which it made landfall in the Carolinas and went on to impact the U.S. northeast including New York, is expected to cause insured losses of more than $1 billion. Reflecting on hurricane Isaias’ impacts, insurance and reinsurance broker…
Read MoreSiriusPoint to form as Third Point Re and Sirius Group agree to combine
Global insurance and reinsurance group SiriusPoint will be formed after Third Point Re and Sirius Group reached agreement to combine in a cash and stock transaction. The transaction is valued at $788 million and is set to create a new global company with approximately $3.3 billion of tangible capital and around $2.5 billion of pro-forma…
Read MoreTips for Picking a Company’s Share to Trade
Considering 2020 had so far been a turbulent period to trade shares, picking the right names becomes an even more challenging activity. At the same time, the market has been volatile and in this kind of environment, a lot of short-term and mid-term trading opportunities arise. To improve the process of choosing the right shares […]
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Read MoreIndependent Restaurants Taking on Massive New Debt Obligations
50% Seating Capacity Not Enough for Independent Restaurants to Reopen and Stay Open; Over Four in Five Restaurants Looking for Information on Financial Relief in Order to Reopen; Nearly 75% of Independent Restaurants Reported Taking on New Debt Obligations Over $50,000 in May Q2 2020 hedge fund letters, conferences and more Three in Five Restaurants […]
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Read MoreGig-Workers Across CA Protest in Advance of Judge’s Ruling
#WorkersCantWait: Gig-Workers Across CA Protest in Advance of Judge’s Ruling Q2 2020 hedge fund letters, conferences and more Uber & Lyft continue to break CA law – a federal judge’s ruling may put an end to that. Photos via We Drive Progress and Gig Workers Rising Gig-Wrokers Demand That Companies Obey AB5 (Oakland, CA)— Today […]
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Read MoreNOAA predicts “extremely active” 2020 hurricane season in updated forecast
The 2020 Atlantic tropical storm and hurricane season is now forecast to have an 85% chance of “above-normal” levels of activity by NOAA, as the agency lifted its forecast for the season to call for an “extremely active” few months ahead. NOAA joins other forecasters we track in calling for one of the most active…
Read MorePelosi’s ‘bizarre unrelated things’ holding up second coronavirus stimulus deal
Lawmakers continue to play the blame game over the delay in the next coronavirus relief package. It’s been over ten days since the GOP unveiled its HEALS Act. Still, no deal has been reached. Late Tuesday, Senate Majority Leader Mitch McConnell slammed House Speaker Nancy Pelosi and blamed her for holding up the second coronavirus […]
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Read MoreA Special Place In Hell For Purdue Pharma And Mallinckrodt
Whitney Tilson’s email to investors discussing a special place in hell for Purdue Pharma and Mallinckrodt; Lights Out: Pride, Delusion, and the Fall of General Electric; The world’s best-performing large-cap stock; Global Entry open to New Yorkers again. Q2 2020 hedge fund letters, conferences and more A Special Place In Hell For Purdue Pharma And […]
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Read MoreDan Loeb Opens New Chinese Equity Positions In Q2 Letter
Dan Loeb Q2 2020 letter to investors discusses some new positions in Chinese securities. Dear Investor: During the Second Quarter, Third Point returned 10.8% in the Offshore Fund and 13.6% in the Ultra Fund. Following further gains last month, we have substantially reduced losses incurred during the First Quarter, bringing year-to-date losses for the Offshore […]
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