Brendan McDermid

Hedge funds were still loading up on certain stocks as the market tanked in late 2018. These are their 9 new favorites.

Hedge funds were still loading up on certain stocks as the market tanked in late 2018. These are their 9 new favorites.

Brendan McDermid/Reuters Hedge funds kept loading up on certain stocks during the market’s late-2018 plunge, according to Goldman Sachs. The firm’s revised “hedge fund VIP” list is still dominated by big tech stocks, but Goldman says hedge funds are putting more money into smaller tech companies and health care leaders as well. Goldman reveals the…


Dow Jones Surged 1.49% But Harvard Professor Says Full Trade Deal Unlikely, Market Shock is a Possibility

Dow Jones Surged 1.49% But Harvard Professor Says Full Trade Deal Unlikely, Market Shock is a Possibility

Dow Triumphs But a Skeptical Harvard Professor Warns of a Market CollapseA Harvard academic has questioned the effectiveness of a possible US-China trade deal, with its ramifications impacting US markets. | Source: REUTERS/Brendan McDermidOn February 12, the Dow Jones surged by more than 500 points by 1.49 percent following optimistic forecasts on U.S.-China trade talks.The…


BuzzFeed News has eliminated its health, national, and national-security desks as part of layoffs that will impact 15% of the parent company – Business Insider

BuzzFeed News has eliminated its health, national, and national-security desks as part of layoffs that will impact 15% of the parent company – Business Insider

BuzzFeed is laying off staff. Brendan McDermid/Reuters BuzzFeed will lay off 15% of staff, or about 218 employees. The company began laying off staff at BuzzFeed News on Friday, dismantling the health, national, and national-security desks. The BuzzFeed News cuts follow a challenged week for the news industry overall, which also saw layoffs at HuffPost…