Preet Bharara is known for his fierce pursuit of insider trading and corruption cases. Now, he’s out.
On Friday, Bharara was one of 46 U.S. attorneys asked to resign by President Trump. That was a standard move for a new president. But Trump, during his transition, had asked Bharara to stay on. After Bharara refused to resign, he was fired by Trump on Saturday.
For at least one Chinese company, the Trump family is good for business.
While President Donald Trump promises tough talking on trade when he meets his Chinese counterpart Xi Jinping this week, his daughter’s clothing brand continues to take advantage of the country’s low cost production.
“Ivanka is a very good client,” said Zhang Huarong, chairman of Huajian....More>>>
Welcome to the latest issue of the PRO Weekly Digest. Every Saturday for Seeking Alpha PRO subscribers and Sunday for all other Seeking Alpha users, we publish highlights from our PRO coverage as well as feature interviews and other notable goings-on with SA PRO. Comment below or email us at pro-editors at seekingalpha.com to let us know what you think. Find past editions here.
Oil prices haven’t gotten off to the fast start many expected, falling around 6% on average during the first quarter of the year. That slump came despite OPEC’s best efforts since producing nations have achieved fairly good compliance on their planned output cuts. That said, despite the lackluster oil market, we still see some interestingopportunities in the oil market. Three stocks....More>>>
Millennials may have learned something from watching their parents struggle with debt. Or maybe not. What do you think is more probable: Being bitten by a snake, being attacked by a shark or going into credit card debt? Okay, this is a trick question, but who knew that people could fear something they have control over?
A recent survey by online lender Affirm found that,....More>>>
Instagram is clearly emerging as the next major driver for Facebook stock.
Menlo Park, California-based social networking giant, Facebook Inc. (NSDQ:FB) acquired Instagram way back in 2012, for a seemingly huge, $1B. With 30M odd users at the time, Facebook paid a value of over $33 per Instagram user at that time. That looked like big money for a platform which wasn’t generating....More>>>
Michael E. Lewitt
Gold sold off sharply since the election based on the belief that President-elect Trump will bring higher growth. This sell-off makes little sense for those who understand that gold is an investment in monetary policy failure and the destruction of paper currencies. Central banks remain hell-bent on printing money and creating inflation in order to deal with epic levels....More>>>
In an earlier article I showed that Valeant (NYSE:VRX) has a clear path for managing its debt without asset sales, confirming a claim by CFO Paul Herendeen on the latest earnings call. Since then, Valeant has announced the sale of Dendreon for $820M and CeraVe and several other skin care assets for $1.3B. In this article, I update the debt pathway analysis to take account of these sales....More>>>
During the recession, it was much easier to find mega-conglomerates that fit our purchase criteria, but the upward march of stocks has significantly pared back the list of such candidates, notes Benj Gallander, editor of Contra the Heard.
General Electric (GE) — our Top Pick for conservative investors in 2017 — continues to play musical chairs, buying and selling subsidiaries....More>>>