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Bridgewater's Dalio calls report about feud with Jensen overblown

Dalio, Chairman and Chief Investment Officer of Bridgewater Associates gestures at the Ending the Experiment event in the Swiss mountain resort of DavosRay Dalio, founder of Bridgewater Associates LP, the world's largest hedge fund, said on Friday that a Wall Street Journal story about a dispute with his heir apparent, Greg Jensen, was overblown. The newspaper reported that Dalio and Jensen had gone as far as to call for a dozen senior employees and stakeholders to vote on their character and conduct in a bid to resolve the dispute. "Greg and I have had lots of disputes over the last 20 years, and what's great is that we have a systematic process for working ourselves through them," he added in a statement.


Technology rout pushes Nasdaq to lowest close since 2014

Traders work on the floor of the New York Stock ExchangeThe Nasdaq Composite that includes large-cap technology names like Alphabet, Microsoft and Facebook led another broad rout on Wall Street Friday, closing at its lowest level since October 2014. U.S. stocks are trading above the lows hit during the January rout, but bulls have failed to gain traction, with many rallies evaporating before the close.


LinkedIn sheds $11 billion in value on stock's worst day since debut

The logo for LinkedIn Corporation, a social networking website for people in professional occupations, is pictured in Mountain ViewLinkedIn Corp's shares closed down 43.6 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The rout in the stock cost LinkedIn chairman Reid Hoffman about $1.2 billion based on his 11.1 percent stake in the company he co-founded, according to Reuters calculations. At least nine brokerages downgraded the stock to "hold" from "buy", saying the company's lofty valuation was no longer justified.


Bridgewater's Dalio calls WSJ article 'sensationalistic mischaracterization'

Bridgewater Associates' Ray Dalio said in a statement late Friday that the Wall Street Journal's article about a dispute between him and his heir apparent, Greg Jensen, was overblown. The Wall Street Journal had no immediate response.

TSX dips with weaker technology stocks; gold shares cushion losses

A man walks past an old Toronto Stock Exchange sign in TorontoBy Fergal Smith TORONTO (Reuters) - Canada's main stock index dipped on Friday as a selloff in U.S. technology stocks spilled over to Canada's technology sector, but defensive names such as gold stocks helped cushion losses. Canadian stocks held up better than those on Wall Street despite a weak Canadian jobs report. Indeed, Canada's market has fallen less than 2 percent since the start of 2016, comparing favorably to the 8 percent drubbing suffered by the S&P 500 over the same period.


Will Bernie Sander?s Foreign Policy Stumbles Derail His Campaign?

Will Bernie Sander?s Foreign Policy Stumbles Derail His Campaign?Did Sen. Bernie Sanders have a Ben Carson moment during Thursday night?s debate with Hillary Clinton in New Hampshire? On most topics ? from income inequality and the sins of Wall Street to healthcare reform and education ? the 74-year-old democratic socialist is passionate and well-versed in making his case for a revolutionary approach to government. Max Fisher at Vox ? in what was ultimately a defense of Sanders ? described just how poorly the candidate fared on foreign policy questions: ?now that he's a much more serious candidate, you'd like to think he would have given evenjust a few minutes'thoughtto his potential future leading the foreign policy of the most powerful country in human history.


Global stocks fall after U.S. jobs report muddles Fed outlook

A man riding on a bicycle looks at an electronic board showing the stock market indices of various countries outside a brokerage in TokyoBy David Gaffen NEW YORK (Reuters) - Global stock markets slumped and the U.S. dollar rallied on Friday after a key U.S. jobs report painted a mixed picture of the labor market and left investors with a muddled view on interest rate hike prospects. Wall Street ended lower, led by plunging technology shares after poor results from data company Tableau Software and networking platform LinkedIn. The S&P 500 information technology sector fell 3.4 percent, while the Nasdaq Composite Index slumped to its lowest close since October 2014.


Leaders at Bridgewater Associates in apparent feud: WSJ

Dalio, Chairman and Chief Investment Officer of Bridgewater Associates gestures at the Ending the Experiment event in the Swiss mountain resort of DavosTwo top executives at Bridgewater Associates LP, the world's largest hedge fund, want a dozen senior employees and stakeholders to vote on their character to help resolve an apparent dispute between them, the Wall Street Journal reported on Friday. Citing people familiar with the matter, it said Bridgewater founder Ray Dalio and his presumed heir apparent, Greg Jensen, were asking the firm's management and stakeholders to take a stand in the vote about each other's conduct. Dalio, who founded Bridgewater in 1975, is specifically questioning whether or not Jensen has "integrity" - defined in a 123-page treatise written by Dalio as never saying something about a person that you wouldn't tell the person directly.


 
 
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