Billionaire investor Daniel Loeb has reduced the size of short bets on single named companies to limit the vulnerability of his hedge fund, Third Point, to short squeezes, he said in a letter on Tuesday.
U.S. Economy Shows Strength; ECB Could Raise Rates While Fed Pauses; Fighting for Paper Money By Michael Maloney Good day. U.S. economic activity rose in May to the highest pace in 13 months, showing persistent resilience to rising interest rates a. | 07:16am