NEW YORK May 8 Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, said on Monday that investors should buy the iShares MSCI Emerging Markets exchange-traded fund, short an ETF tracking the S&P 500, and leverage it one time.
Gundlach, speaking at the Sohn Investment Conference in New York City, also called passive investing a "myth" and said he was neither bullish nor bearish on the dollar but that the view that tighter Federal Reserve policy necessarily means a stronger greenback was incorrect. Gundlach also said he opened a Twitter account under the handle "@TruthGundlach." (Reporting by Sam Forgione; Editing by Meredith Mazzilli)
Gunman in California UPS shooting targeted co-workers for slayings
June 23 The UPS employee who shot three coworkers to death last week inside a United Parcel Service facility in San Francisco before killing himself appears to have singled out his victims deliberately, but a motive remains unknown, police said on Friday.
CORRECTED-UPDATE 2-U.S. to seek to block DraftKings, FanDuel fantasy sports merger
WASHINGTON, June 19 The U.S. Federal Trade Commission said on Monday it will seek to stop the merger of DraftKings and FanDuel, because the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports contests.