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Relativity Investor Claims Ryan Kavanaugh Swindled Him Out of $2 Million →  August 18, 2017

A hedge fund investor who loaned $2 million to Relativity Media just before it went bankrupt now claims he was swindled out of the money. Carey Metz, chief investment officer of Atorus Investment Management, filed suit on Thursday in L.A. Superior Court, accusing Relativity founder Ryan Kavanaugh of fraud. Metz alleges that Kavanaugh went to […]

The BEST Marijuana Stock You’ve Never Heard About →  August 19, 2017

Credit:iStock.com/OlegMalyshev Dear reader, we recently discovered a brand new way of investing in the marijuana revolution, but we weren’t sure who to tell about it. Our best stocks are usually behind a paywall because, well, we can’t afford to give them away for free. That said, rules were meant to be broken… This stock is […]

Steve Bannon fired by Trump on John Kelly’s advice →  August 18, 2017

 Steve Bannon was dramatically forced out of the White House on Friday in the latest earthquake to rock President Donald Trump’s administration. Bannon leaves at the end of Friday amid competing claims over whether he was fired or quit on his own. But a senior administration official told DailyMail.com on Friday afternoon as the news […]

Investors flee stocks for bonds, gold as U.S. tax cut hopes fade →  August 18, 2017

LONDON (Reuters) – World stocks were set for a second day of losses on Friday after an exodus of U.S. executives from presidential business councils dealt a fresh blow to hopes of tax reform, hammering Wall Street and filtering through to Asia and Europe. Investors fled instead into German and U.S. Treasury bonds and bought […]

Ryan Kavanaugh Sued for Fraud by Relativity Hedge Fund Investor →  August 18, 2017

A hedge fund investor is suing Relativity boss Ryan Kavnaugh for fraud, accusing him of misrepresenting the state of Relativity’s finances and of lying about a billionaire investor in order to secure a loan to keep the embattled company afloat. Casey Metz, who had previously invested $10 million in Relativity, filed the suit Thursday in […]

After Alibaba bonanza, manager said to plan new Asia hedge fund →  August 18, 2017

Hari Ravisankar, who helped Janchor Partners make an eight-fold return on an investment in Alibaba Group Holding Ltd., is starting his own Asia-focused stock hedge fund, said people with knowledge of the matter. His Ishana Capital, based in Hong Kong, will start trading with external money on Sept. 1, said the people, who asked not […]

After Alibaba Bonanza, Manager Said to Plan New Hedge Fund … →  August 18, 2017

Start your day with what’s moving markets in Asia. Sign up here to receive our newsletter. Hari Ravisankar, who helped Janchor Partners make an eight-fold return on an investment in Alibaba Group Holding Ltd., is starting his own Asia-focused stock hedge fund, said people with knowledge of the matter. His Ishana Capital, based in Hong […]

Relativity Investor Claims Ryan Kavanaugh Swindled Him Out of $2 Million →  August 18, 2017

A hedge fund investor who loaned $2 million to Relativity Media just before it went bankrupt now claims he was swindled out of the money. Carey Metz, chief investment officer of Atorus Investment Management, filed suit on Thursday in L.A. Superior Court, accusing Relativity founder Ryan Kavanaugh of fraud. Metz alleges that Kavanaugh went to […]

AMD Stock Is Laying the Foundation for Its Next Move →  August 18, 2017

Credit:iStock.com/Anil Bolukbas AMD Stock: Key Indicators Are Supporting the Notion of Higher Prices After a stellar 2016, which witnessed Advanced Micro Devices, Inc. (NASDAQ:AMD) stock appreciate to the tune of 295.12%, the performance this year has been lackluster. Year-to-date, AMD stock is up 11.73%, which on its own is impressive, but it leaves a lot to be […]

Barcelona crash: Van ploughs into people in Las Ramblas →  August 17, 2017

At least 13 people have been killed and dozens injured after a van in Barcelona ploughed into pedestrians before a gunman took hostages in a nearby bar. Pictures and video emerging from the scene show armed police and paramedics rushing to Las Ramblas, a busy tree-lined promenade in the centre of the city.  Local media are […]

European stocks and bond yields fall after Fed flags weak inflation →  August 17, 2017

LONDON (Reuters) – European stocks and bond yields fell in early trade on Thursday after the Federal Reserve expressed concern over weak U.S. inflation, a trend which has clouded the outlook for the world’s largest economy. Some policymakers argued against future rate rises until there was more concrete evidence that inflation was moving back toward […]