David Tepper News
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European stocks rose for a fourth week as earnings from Cie. Financiere Richemont SA to ICAP Plc beat analyst estimates and the Bank of England lifted its growth forecast for Europe’s third-biggest economy.
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U.S. stocks rallied for a fourth straight week, sending benchmark indexes to record highs, as data showing confidence improved among consumers and small businesses fueled optimism in the world’s largest economy.
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Four times a year, the rest of us get to watch as billionaires try to outsmart each other.
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Moore Capital Management LP and Appaloosa Management LP are among hedge fund firms that counted Citigroup Inc. among their top holdings before the bank posted a 16 percent rally in a month and a half.
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Tiger Global Management LLC, Appaloosa Management LP and Tudor Investment Corp. are among the hedge funds that sold large stakes in Apple Inc. during the first quarter as the iPhone maker’s stock slumped.
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George Soros’s family office and Jana Partners LLC were among investment funds that reduced stakes in American International Group Inc. amid a rally after the insurer repaid its U.S. rescue.
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David Tepper’s Appaloosa Management LP joined Jana Partners LLC and Louis Moore Bacon’s Moore Capital Management LP in cutting stakes in insurer American International Group Inc. amid a share rally.
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David Einhorn’s Greenlight Capital Inc. bought shares of Oil States International Inc. and Apple Inc., while selling out of Ensco Plc during the first quarter.
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U.S. stocks rose, pushing benchmark indexes to fresh records, as data showing weakness in manufacturing fueled bets the Federal Reserve will be in no hurry to scale back stimulus.
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Stocks rose, sending the Standard & Poor’s 500 Index to another record, as weakness in manufacturing and a drop in wholesale inflation fueled bets the Federal Reserve will be in no rush to scale back stimulus. The euro slid as the region’s recession deepened.
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