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Weekly Commentary: Hair of the Dog
“U.S. Stocks Tumble 11% in Worst Week Since Crisis,” read the Friday evening Bloomberg headline. A Wall Street Journal caption asked the apt question: “U.S. Stocks Were at Records Last Week. What Happened?” A Friday Bloomberg article (Lu Wang) is a reasonable place to start: “It’s a stat so shocking that it’s difficult to believe:… Read More
Russian Opposition to Protest Putin's 'Leader-for-Life' Reforms
Russia’s opposition on Saturday holds its first major protest since President Vladimir Putin in January announced plans which critics fear will help him stay in power after his mandate ends in 2024. The rally marks five years since the assassination of opposition politician Boris Nemtsov but its organisers want the event to also send a… Read More
UPDATE 3-Elliott targets Twitter, seeking CEO Dorsey's removal -sources
NEW YORK (Reuters) – Activist hedge fund Elliott Management, which often pushes technology companies to improve operations, has built a stake in Twitter Inc (TWTR.N) and is pushing for changes, including removing the chief executive officer, two people familiar with the matter said on Friday. FILE PHOTO: Paul Singer, founder and president of Elliott Management… Read More