Author: CapitalGainsFund

Oct 15

The Wall Street Journal: Billionaire Robert Smith reaches $140 million settlement over federal tax probe

The U.S. Department of Justice building in Washington. AFP via Getty Images Robert Smith, the billionaire chief executive of Vista Equity Partners, has reached a $140 million settlement with the Justice Department, ending a yearslong criminal tax probe, according to people familiar with the matter. As part of the settlement, Smith will enter into a […]
Oct 14

The 15 races that will decide the Senate, ranked

The Republican Party currently holds 53 U.S. Senate seats. To regain control of the Senate, Democrats need to net either three or four seats this November: three if their presidential nominee, Joe Biden, wins the White House; four if President Trump returns for a second term. (The sitting vice president breaks a 50-50 tie.)   Can […]
Oct 14

Need to Know: This portfolio has outpaced the S&P by a factor of four this year, and here are its best stock picks

“Granny shot” stocks. Getty Images Our call of the day offers up stock ideas from a portfolio that has returned 34.1% year to date, versus 9.4% for the S&P 500. The so-called “Granny Shots” portfolio from Fundstrat Global Advisors gets its name from National Basketball Association legend Rick Barry, who shot free throws underhanded, “granny […]
Oct 14

Alaska mayor to resign after TV news anchor posts what she says is partially nude photo of him

The mayor of Anchorage, Alaska, announced his plans to resign Tuesday after apologizing for an “inappropriate messaging relationship” with a local TV news reporter who had posted what she said was a partially nude photo of him on Facebook. In a statement, Mayor Ethan Berkowitz attributed the resignation to “unacceptable personal conduct” that “compromised” his […]
Oct 14

: ‘Unmasking’ probe ordered by Barr finds no wrongdoing by Obama officials: report

U.S. Attorney General William Barr. Getty Images An investigation ordered by U.S. Attorney General William Barr into potentially improper “unmasking” by the Obama administration around the 2016 election has closed without finding evidence of any serious wrongdoing, the Washington Post reported Tuesday night. President Donald Trump and other Republicans have, for months, claimed that the […]