Michael Stansky

12 Flips | 2 Magazines | @mstansky08 | Keep up with Michael Stansky on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Michael Stansky”

Hedge Fund Billionaires John Paulson And David Einhorn Lost $640M In Gold Market Collapse

The gold bloodbath that hit the market over the past two trading sessions has definitely caused a dent in the portfolio of billionaire hedge fund managers. John Paulson and David Einhorn suffered combined losses of more than $640 million since Friday, according to their latest SEC filings, with the …

Stocks On The Mend As Earnings Roll In From Goldman, Coke, J&J

A day after triple-digit losses on the Dow Jones industrial average U.S. equities managed to recoup about half their losses at the opening bell Tuesday, thanks partly to corporate earnings and an upbeat reading on the housing market.<p>The Commerce Department said U.S. builders began building new …

BlackRock is betting big on iShares ETFs and it’s paying off

Investing

The company controlled by India’s richest man continues to pile up cash

Natural Gas

Chinese solar giant defaults on bonds because it can’t come up with $24 million

Another debt-ridden Chinese photovoltaic manufacturer has defaulted on its bonds.<p>LDK Solar said today that it partially defaulted on $24 million in bonds “due to a temporary cash-flow shortage.” The default follows Suntech’s default in March on $541 million in convertible note and the subsequent …

Solar Panels

Gold Inches Up As Goldbugs Seek Reasons For Historic Rout

Gold is up 2% today at $1,389 an ounce, beginning to recover from its historic 20% plunge since late last week — the most violent move in the yellow metal in three decades. Yet the goldbugs have only just begun to decipher what happened and why.<p>The downward spiral began last week with rumors that …

Stocks Are Staging A Big Rally

The Dow is up 140 points.<p>Earlier this morning, Goldman Sachs, Coca-Cola, BlackRock, and Johnson & Johnson all reported first quarter earnings that were better than expectations.<p>We also learned that housing starts jumped in March, crushing expectations.<p>All of this comes as economists and investors …

FBI, IRS Raid Billionaire Jimmy Haslam's Pilot Flying J

FBI and IRS agents executed sealed search and seizure warrants Monday and Tuesday at Pilot Flying J headquarters in Knoxville, TN as part of an investigation into one of the largest family-owned companies in the United States. Billionaire Jimmy Haslam, who runs the company as CEO in addition to …

World Events Tell Us That Gold And Silver Have Lower To Go

Recent world events tell us that gold and silver have lower to go. The events on which gold and silver should have gone higher, precious metals staged only weak bounces. The events on which precious metals should have shown slight weakness, gold and silver fell out of bed.<p>First let’s examine the …

Intel earnings: Meh

search<p>popular<p>latest<p>featured<p>obsessions<p>These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy.<p>emails<p>Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend.<p>editions<p>Quartz is a guide to the new …

Stocks recover from worst one-day drop

Stocks finished near session highs Tuesday, recovering losses from their biggest one-day drop this year, boosted by a batch of upbeat earnings results and some better-than-expected economic reports.<p>The Dow Jones Industrial Average rallied more than 150 points, propelled by Coca-Cola and Disney, …

What to watch: Profits trump fear as stocks rebound

NEW YORK -- Data trumped emotions Tuesday on Wall Street, sparking a rebound in the stock market after its worst drop of the year a day earlier.<p>In yet another sign of resilience, stocks recouped 60% of their losses from Monday, when gold tanked, China's economic picture dimmed, and terrorism …