Buying nuclear fuel is back in fashion

ON DECEMBER 3RD McIntyre Partnerships, a hedge fund in New York that normally buys equity and debt securities, told investors it was buying a commodity: uranium. This “slight anomaly” was justified by the metal’s impressive recovery, said its founder, Chris McIntyre. Uranium’s spot price has jumped by 41% since April, to near a two-year high […]

21st Century Fox’s Lachlan Murdoch mulls buying back regional sports networks from Disney

21st Century Fox Twenty-First Century Fox Executive Chairman Lachlan Murdoch said it is still an “open question” whether the company will buy back the regional sports networks it sold to Walt Disney for $ 71 billion. Murdoch, who will become CEO of the remaining company “New Fox,” said the company “will be inquisitive” in looking […]

More exclusive than a supercar: A beginner’s guide to buying a GT3 race car

Audi In the past decade, the well-worn automotive cliché Race on Sunday, sell on Monday has taken a surprising twist. Now, automakers have realized that they can race on Sunday and sell race cars on Monday. If you’ve got the money, Porsche, Lamborghini, Audi, Acura, Ferrari, Mercedes, McLaren, Nissan, Bentley, and more have a race car […]

Argentina launched a sweeping new austerity program to try to solve its economic crisis — but investors aren’t buying it

Marcos Brindicci/Reuters Argentina reveals new austerity measures aimed at reducing the country’s huge budget deficit. New measures will include an increase in export tariffs for grains such as soybeans, and a halving of the number of government agencies. The new measures were not well received by investors, with the peso falling after their announcement. Argentina […]

From ‘menace’ to assets: Soros now buying social media shares

Months after denouncing social media as a “menace to society,” controversial billionaire George Soros is again investing into Facebook, Twitter and streaming services Spotify and Pandora, while scaling back his Google holdings. With hedge funds filing their second-quarter statements with regulators this week, it has emerged that Soros Fund Management LLC is once again investing […]