First Eagle Investment Management LLC grew its position in Wheaton Precious Metals Co. (NYSE:WPM) by 66.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,221,140 shares of the company’s stock after acquiring an additional 10,908,560 shares during the quarter. First Eagle....More>>>
Russell Simmons is stepping down from his companies in the wake of an accusation of harassment and sexual assault.
Simmons, the founder of hip-hop music label Def Jam Recordings and CEO of Rush Communications, released a statement on Thursday after screenwriter Jenny Lumet accused him of forcing her to have sex with him in 1991. She detailed the encounter in a guest column published by....More>>>
Prime Minister Theresa May is going to China, and she’s bringing the British business community with her.
The visit, which kicks off in earnest on Wednesday, is designed to boost ties with the world’s second largest economy ahead of Britain’s departure from the European Union.
“There are huge trade opportunities in China that we want to help British businesses....More>>>
Oppenheimer analyst Chris Kotowski and team argue that banks like Bank of America (BAC), Citigroup (C) and Goldman Sachs (GS) will suffer a number of direct and indirect hits from Brexit–and lower their prices targets accordingly. They explain:
…while 2Q16 estimates should be little impacted by Brexit, it seems likely to us that the uncertainty caused....More>>>
Wall Street was too excited about the Fed keeping interest rates unchanged this week and missed the latest major stock market correction signal out of Japan.
Most investors focused on the Dow Jones Industrial Average climbing 1.1% this week.
But what they should have focused on is a dangerous policy from the Bank of Japan (BoJ) that is leading the global economy straight to a....More>>>