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Monthly Archives: August 2017

Dan Loeb’s Third Point hedge fund dumps Snap shares after just one quarter

Third Point’s Dan Loeb sold out of Snap shares in the second quarter, one quarter after buying the social media stock, according to a regulatory filing Friday. Snap’s shares have lost half their value since the initial public offering in March but they did get a temporary 21.5 percent bump …

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Why I’m betting on shopping centers

Caitlin Ohara | Bloomberg | Getty Images Shoppers carry bags while walking through the Scottsdale Quarter shopping mall in Scottsdale, Arizona. Washington Prime and CBL & Associates have fallen sharply over the last year, down 34 percent and 31 percent, respectively. Miller told CNBC that the dividend yield for Washington …

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Finally, a Well-Staged ‘Don Giovanni’ in New York

Photo Tassis Christoyannis, center, in “Don Giovanni” at Lincoln Center’s Mostly Mozart Festival in 2011. Credit Ruby Washington/The New York Times To be an opera lover is to live a life of constant transit between two poles, ecstasy and despair, with most of the year spent in the latter location. …

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Trump’s ‘war of words’ with North Korea ‘just wrong,’ says former diplomat

Nicholas Kamm | AFP | Getty Images President Donald Trump speaks during a security briefing on August 10, 2017, at his Bedminster National Golf Club in New Jersey. What presidents normally do is work with their team to develop a policy that reflects the United States’ allies, military generals and …

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Republicans have ‘tough hill to climb’ on tax reform, GOP strategist says

Nicholas Kamm | AFP | Getty Images Senate Majority Leader Mitch McConnell speaks to the press with senators John Barasso (L) of Wyoming and John Thune (R) of South Dakota after the Republican senators’ weekly lunch at the US Capitol in Washington, DC, on August 1, 2017. Trump slammed Senate …

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Trump to dispatch team to work on Israel-Palestinian peace

Getty Images In this handout photo provided by the Israel Government Press Office (GPO), US President Donald J Trump (L) and White House senior adviser Jared Kushner meet with Israel Prime Minister Benjamin Netanyahu (R) at the King David Hotel May 22, 2017 in Jerusalem, Israel. The White House says …

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Review: In ‘The Trip to Spain,’ Everything Tastes Stale

Photo Rob Brydon, left, and Steve Coogan in “The Trip to Spain,” the third entry in Michael Winterbottom’s franchise. Credit Rory Mulvey/IFC Films One way to enjoy “The Trip to Spain,” the third entry in Michael Winterbottom’s gags-and-gastronomy franchise, would be to periodically mute the sound. That way, the therapeutic …

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Bet on companies that have fewer humans to pay: Strategist

As the unemployment rate tumbled to its lowest level since 2001, Fundstrat’s Tom Lee found the market is already discounting future rising employee paychecks in stock prices. The firm shared with its clients which stocks will likely benefit most if wages inflation rises. “The labor market is set to tighten …

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‘Get Shorty’: You Know the Name, but Not This Story

And for Epix, a channel even the show’s stars have a hard time finding, the hope is that “Get Shorty” will help transform it from an afterthought to a player in the crowded premium TV landscape. “This show has the opportunity to tell the rest of the world, ‘This is …

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When all hell breaks loose in the markets, these securities go higher

Investors this week got their first taste of market pandemonium in a long while. The Dow Jones industrial average dropped more than 200 points, and the CBOE volatility index, or VIX, jumped more than 40 percent Thursday to its highest level since the election as a war of words broke …

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