California Today: California Today: Reasons to Love Fresno

April 12, 2017 Mike McPhate CALIFORNIA TODAY Good morning. (Want to get California Today by email? Here’s the sign-up.) Complaining about the cost of living is a favorite pastime in California. An exodus has led in large part to Texas, according to an analysis...

A big-time hedge fund manager is giving money back because he believes the market is overvalued

ValueAct’s Jeff Ubben, one of the most-respected activist hedge fund managers out there, is returning capital to his investors because he is concerned about the stock market’s high valuation. “The broader market context is explicit to us. The S&P...