Ray Dalio, who predicted the financial crisis, outlines his scenario for the next recession — and makes some pointed parallels to the Great Depression

Ray Dalio, the founder and co-chief investment officer of Bridgewater Associates — the world’s largest hedge fund — recently spoke with Business Insider CEO Henry Blodget and relayed his thoughts on the next economic recession. Dalio outlined what he thinks will be the next recessionary scenario to rock the global economy. He also drew ominous […]

Sirius XM’s $3.5 billion Pandora deal could be a windfall for George Soros and his big bet on streaming music (SIRI, P)

George Soros’ hedge fund owned a $56 million stake in Pandora at the end of the second quarter on June 30. Even at the highest prices of the quarter, Sirius XM’s purchase of Pandora would represent at least a 30% premium on his investment, so long as he still holds the stock. Sirius XM would […]

Sirius XM’s $3.5 billion Pandora deal could be a windfall for George Soros and his big bet on streaming music (SIRI, P)

George Soros’ hedge fund owned a $56 million stake in Pandora at the end of the second quarter on June 30. Even at the highest prices of the quarter, Sirius XM’s purchase of Pandora would represent at least a 30% premium on his investment, so long as he still holds the stock. Sirius XM would […]

Michael Kors is reportedly zeroing in on a $2 billion bid for Versace (KORS)

Michael Kors is close to acquiring Versace, an iconic Italian luxury designer, for $2 billion, Bloomberg reports. The Versace family helped the brand return to profit last year and will continue to have a role in the company after the deal, the report said. Michael Kors purchased the British brand Jimmy Choo last year for […]