David Tepper, Appaloosa Management Peter Foley/Bloomberg | Getty Images Hedge fund manager David Tepper will continue to manage money for 15 investors and return the rest of Appaloosa Management‘s outside capital as he begins to convert it into a family office, Bloomberg reported Saturday. His firm will begin to return money to clients at the
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It seems like every year, pro athletes in the NFL, NBA and MLB are signing new record-breaking contracts every season. But not all players are landing headline-worthy deals, and there are pretty sizable gaps in average player compensation across the three leagues. Toronto Raptors guard Kyle Lowry (7) kisses the trophy after the Toronto Raptors
Nike: “I think it goes higher, why? Because they had one of the best quarters that I have seen in ages. And my congratulations to [CEO] Mark Parker, who will not come on this show and it’s beginning to really break my heart.” Huami Corp.: “There’s only one device company in the whole wide world that’s worth
CNBC’s Jim Cramer gives viewers a preview of his schedule for the week ahead, with a few earnings reports and U.S.-China trade news taking center focus. The “Mad Money” host gave investors his blessing to start a position in Clorox and buy shares incrementally, but warns not to expect the stock price to rebound in
The U.S. manufacturing sector is not in a good place. The latest poor results came from the government’s jobs report on Friday. The Labor Department reported that manufacturers lost 2,000 jobs in September, well below the 18,000 positions it added this time last year and even below the 2,000 gain it saw in August. Machinery