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When Bailey Thomasson first spotted the coral, she felt a jolt of relief. She was diving for samples off the Florida Keys, and the thicket of elkhorn coral below looked brown, not the stark white that would indicate bleaching from the record-breaking sea temperatures in the area. “The coral didn’t even have a chance to bleach, it just died,” said Ms. Thomasson, who works for the Coral Restoration Foundation, a nonprofit group based in the Keys. The brown color was not healthy coral but dead tissue sloughing off the skeleton, almost as if it had melted. Currently, about 44 percent of the global ocean is in a heat wave.

Persons: Bailey, she’d, ”, Thomasson, who’ve Organizations: Florida, Coral Restoration Foundation, National Oceanic, Atmospheric Administration Locations: elkhorn

☆ Greenlight's David Einhorn hit home runs short selling and buying companies making big buybacks
▼ + stars: | 2023-07-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn, a value-oriented hedge fund manager, found success pivoting to short selling and buying companies with big buyback programs. At the end of that bull market, Einhorn said the majority of surviving value investors ceased to consider valuation as a determining factor in their investment process. That "was an exceptionally good year," Einhorn said in his 2022 investor letter. The 54-year-old Einhorn also pivoted to buying companies with sizable buyback programs in place, instead of purchasing cheap stocks that have been struggling to close the valuation gap. Atlas Air Worldwide and Green Brick Partners were some of the stocks Einhorn held whose boards had authorized big repurchases.

Persons: Greenlight Capital's David Einhorn, Einhorn, shorting, Cathie Wood, Greenlight Organizations: Cornell, Greenlight Capital, Wall, Atlas Air, Green Brick Partners, Apollo Global, Green

Florida’s coral reefs are facing what could be an unprecedented threat from a marine heat wave that is warming the Gulf of Mexico, pushing water temperatures into the 90s Fahrenheit. The biggest concern for coral isn’t just the current sea surface temperatures in the Florida Keys, even though they are the hottest on record. The daily average surface temperature off the Keys on Monday was just over 90 degrees Fahrenheit, or 32.4 Celsius, according to the National Oceanic and Atmospheric Administration. Corals typically experience the most heat stress in August and September. “We’re entering uncharted territories,” Derek Manzello, an ecologist and the coordinator of NOAA’s Coral Reef Watch program, said.

Persons: “, Derek Manzello Organizations: National Oceanic, Atmospheric Administration, Reef Watch Locations: of Mexico, Florida

The rustling in the brush was loud, so Brian Christman raised his muzzleloader for the deer he expected to emerge. It was the end of the season in central New York, and Mr. Christman was hoping to take home a buck. Suddenly, Mr. Christman felt like the prey. “I thought it was a huge coyote,” Mr. Christman recalled recently. And the shot would open a new, uncertain front in the wars over what might be America’s most beloved and reviled predator.

Persons: Brian Christman, Christman, Mr Locations: New York, Canada, Cooperstown

☆ Video and Photos Show a Tiny, Critically Endangered Porpoise Still Hanging On
▼ + stars: | 2023-06-07 | by ( Catrin Einhorn | ) www.nytimes.com time to read: +1 min

The world’s most endangered marine mammal, a small porpoise called the vaquita, is hanging onto existence and appears to be benefiting from new conservation measures, according to the results of a new scientific survey of the species that was made public on Wednesday. An international team of scientists estimated that at least 10 vaquitas remain in the Gulf of California, the waters that separate Baja California from the Mexican mainland. The porpoises are found nowhere else and have been driven to the brink of extinction by drowning in gill nets, a type of fishing gear that drifts like a huge mesh curtain, catching fish by their gills. Dolphins, sea turtles and vaquitas get stuck, too, dying when they can’t surface to breathe. “Today, we have good news, hopeful news,” María Luisa Albores González, Mexico’s secretary of environment and natural resources, said at a news conference announcing the survey results.

Persons: ” María Luisa Albores González Locations: Gulf of California, Baja California, Mexican

☆ The Mystery of the Vanishing Kestrels: What’s Happening to This Flashy Falcon?
▼ + stars: | 2023-06-05 | by ( Catrin Einhorn | Bryan Anselm | ) www.nytimes.com time to read: +1 min

At first, people thought it might be a housing shortage. Scientists had noticed worrisome declines in the American kestrel, a small, flashy falcon found coast to coast. The downturn was especially puzzling because birds of prey in North America are largely considered a conservation bright spot. “Why are all these other raptors doing great when the American kestrel is on the decline?” said Chris McClure, who directs global conservation science at the Peregrine Fund, a conservation group. Scientists and members of the public set out nest boxes, and kestrels moved in.

Persons: ”, Chris McClure, kestrels Organizations: Peregrine Locations: North America, United States, Turkey

☆ A Vanished Bird Might Live On, or Not. The Video Is Grainy.
▼ + stars: | 2023-05-18 | by ( Catrin Einhorn | ) www.nytimes.com time to read: +1 min

If there’s new hope, it’s blurry. What’s certain: the roller coaster tale of the ivory-billed woodpecker, a majestic bird whose presumed extinction has been punctuated by a series of contested rediscoveries, is going strong. The latest twist is a peer-reviewed study Thursday in the journal Ecology and Evolution presenting sighting reports, audio recordings, trail camera images and drone video. Collected over the last decade in a Louisiana swamp forest, the precise location omitted for the birds’ protection, the authors write that the evidence suggests the “intermittent but repeated presence” of birds that look and behave like ivory-billed woodpeckers. But Dr. Latta acknowledges that no single piece of evidence is definitive, and the study is carefully tempered with words like “putative” and “possible.”

☆ Major investors loaded up on regional bank stocks during a turbulent first quarter
▼ + stars: | 2023-05-16 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Einhorn's Greenlight Capital took small stakes in New York Community Bancorp and First Citizens Bancshares in the first quarter, with each bet worth about $20 million, according to a regulatory filing. New York Community Bancorp's subsidiary, Flagstar, acquired Signature Bank assets after that bank was shuttered , while First Citizens bought a large portion of Silicon Valley Bank assets . New York Community shares are up nearly 20% this year, while First Citizens' stock has jumped more than 68% on the year. 'Big Short' Burry of "Big Short" fame snapped up a slew of regional banks last quarter, including New York Community Bancorp , Capital One Financial , Western Alliance , PacWest Bancorp and Huntington Bancshares during the first quarter. To make matters more confusing, the conglomerate dumped its remaining stakes in Bank of New York Mellon and U.S. Bancorp .

☆ David Einhorn's Greenlight Capital bets on pair of regional banking stocks
▼ + stars: | 2023-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

David Einhorn joined other big investors in shares in several regional bank stocks last quarter in a bet that the financial institutions would survive the industry crisis that felled Silicon Valley and First Republic banks. That's the bank whose subsidiary, Flagstar, acquired Signature Bank assets after that bank was shuttered. Einhorn's additions come amid a broad selloff of regional bank stocks on concern more institutions could fail as depositors withdrew assets and the value of banks' bond holdings narrowed. "Big Short" investor Michael Burry also bought regional bank stocks last quarter. Outside of the bank stocks, Einhorn notably increased exposure to Concentrix , Gulfport Energy and Tenet Healthcare .

☆ This Strategy Beat the World’s Top Hedge Funds—Don’t Try It
▼ + stars: | 2023-05-09 | by ( Spencer Jakab | ) www.wsj.com time to read: +1 min

Our Heard on the Street columnists picked a portfolio by throwing darts at a newspaper’s stock pages to see how their stocks compare to professional fund managers. Photo: Josh LoockPlease don’t feed or throw objects at the fund managers. David Einhorn and Stanley Druckenmiller , both scheduled speakers at Tuesday’s Sohn Investment Conference, each have earned billions of dollars through investing. Heard on the Street’s columnists are paid peanuts by comparison, but that didn’t stop us from making monkeys out of the conference’s hedge-fund luminaries five years ago. Inspired by Prof. Burton Malkiel ’s book “A Random Walk Down Wall Street” in which he quipped that “a blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by the experts,” our dart-picked stocks beat the Sohn Conference’s picks by a bruising 22 percentage points.

☆ Ecuador Strikes a Landmark Deal to Save Nature, and Some Cash
▼ + stars: | 2023-05-09 | by ( Catrin Einhorn | ) www.nytimes.com time to read: 1 min

The NewsEcuador announced a record-setting deal on Tuesday designed to reduce its debt burden and free up hundreds of millions of dollars to fund marine conservation around the Galápagos Islands, an archipelago of unique biodiversity that’s famous for inspiring Darwin’s theory of evolution. The arrangement, known as a debt-for-nature deal, is a bit like refinancing a mortgage, only for government bonds. Gustavo Manrique Miranda, the Ecuadorean foreign minister, called it a historic agreement that takes into account the value of nature. He said Ecuador was as wealthy as any of the richest countries in the world, “but our currency is the biodiversity.”

☆ Nurturing Nature in Your Yard
▼ + stars: | 2023-04-21 | by ( Catrin Einhorn | ) www.nytimes.com time to read: +1 min

Gabrielle Stevenson needed advice on how to welcome pollinators and other wildlife to her front yard in Roseville, Calif. She knew that replacing part of her lawn with native plants was the best way to nurture biodiversity there. But she didn’t want a mess and didn’t know where to begin. “To be honest, I find it quite daunting,” she wrote in an email to us last month. Native flowers, grasses, shrubs and trees in cities and towns offer food and habitat for wildlife facing alarming declines, particularly insects and birds. They also save water, since native species, when they’re placed in an appropriate spot, generally don’t require watering once established.

☆ David Einhorn regrets selling his early Apple stake, predicts the Fed will pull back in fighting inflation, and reveals he's betting on AI in a new interview. Here are the elite investor's 8 best quot
▼ + stars: | 2023-04-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The Greenlight Capital boss sees the Fed pulling back in fighting inflation after the banking chaos. Einhorn also discusses where the banks went wrong, and how he's betting on AI, in a new interview. "The first jelly donut tastes great. The second jelly donut is pretty indulgent, but by the 12th jelly donut, you're just making yourself sick, so you really shouldn't do that anymore." "We're not going to figure out who has the next breakthrough in AI that is going to leapfrog everybody else's AI.

☆ Retail investors are bailing on the stock market, leaving bearish pros to decide its fate
▼ + stars: | 2023-03-09 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

Retail investors are buying fewer stocks as the market stagnates under the weight of higher interest rates and stubborn inflation — a loss of a key group to keep positive momentum going. Greenlight Capital's David Einhorn told CNBC earlier this month that investors should be bearish on stocks because of rising inflation. Along with the macroeconomic woes, Vanda thinks the dented enthusiasm from the retail audience is in part because interest in Tesla shares is waning. Tesla hosted an investors day to start the month that largely disappointed investors because of a lack of details about its future plans, including a possible cheaper vehicle. TSLA 1M mountain Tesla shares, 1 month Tesla shares are off 12% this month.

☆ Growth stock vs. value stock? It's all in the eye of the beholder
▼ + stars: | 2023-03-06 | by ( Bob Pisani | ) www.cnbc.com time to read: +9 min

Most investors would say it's a growth stock, because it has the traditional characteristics of a growth stock: earnings are growing. But Microsoft is now being classified as partly a growth stock by Standard & Poors, and partly a value stock. S&P growth and value criteria: It's not that simpleThe S&P rebalances its growth and value indexes every year at the end of December. Growth ETFs in 2023 (year to date)Vanguard Growth (VUG) up 11.30%iShares S&P Growth ETF (IVW) up 5.6%iShares Russell 1000 Growth (IVW) up 9.2%However, these are unusually large discrepancies, Ullal said. But 30 years ago, issues like what is a value stock and what is a growth stock were largely determined by specialized stock pickers who set up mutual funds and hedge funds to attract investors.

☆ David Einhorn's hedge fund crushed the S&P 500 last year. These are the 3 stocks he's counting on for continued outperformance.
▼ + stars: | 2023-03-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

David Einhorn's hedge fund crushed the stock market last year, returning 37% compared to the S&P 500's loss of almost 20%. These are three stocks Einhorn is bullish on as he seeks to continue his outperformance in 2023. Einhorn's $1.4 billion hedge fund delivered a return of nearly 37% last year, trouncing the S&P 500's loss of just under 20%. These are the three stocks Einhorn owns and pitched as long positions in a recent CNBC interview, as he seeks to continue his trend of outperformance in 2023. AFP/Getty ImagesTicker: CEIXPercentage of portfolio: 8.2%Change in shares last quarter: +99,830 (+5%)Bullish thesis: "Everybody hates coal, so here's the story.

☆ Ken Griffin’s hedge fund Citadel is up again in 2023 following a record year
▼ + stars: | 2023-03-03 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Ken Griffin's flagship hedge fund matched the broader market's performance in the beginning of 2023 following a record year, according to a person familiar with the returns. Citadel's multi-strategy flagship Wellington fund gained 0.7% last month, bringing its 2023 performance to 2.8% through February, the person said. This year's gain comes after a stellar year for the hedge fund, which soared 38% in 2022, marking the firm's best year ever and outperforming its largest competitor, Millennium, by more than 3 to 1. Hedge funds aim to offer downside protection during market turmoil, and Citadel managed to shine during the worst chaos in the market in years. Citadel's equities fund, which uses a long/short strategy, is up 2.4% this year, while its global fixed income fund is higher by 1.6% so far in 2023, the person said.

☆ Investor David Einhorn, whose hedge fund was up nearly 37% last year, gives his favorite longs
▼ + stars: | 2023-03-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn is continuing to bet on some of the long stocks that helped his hedge fund outperform in last year's market rout. That includes CONSOL Energy , a coal stock that was among the hedge fund's biggest long positions and winners in 2022. The comments from Einhorn come after the star hedge fund manager posted a solid end to 2022 by betting on inflation and against growth bubble names. His hedge fund surged nearly 37% due in part to long positions in names like Atlas Air Worldwide , Teck Resources and Twitter, before its acquisition. Green Brick Partners and Danimer Scientific marked the hedge fund's only two significant losing long positions 2022, he wrote in his January letter.

☆ The inflation story is really very complicated, says Greenlight Capital's David Einhorn
▼ + stars: | 2023-03-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe inflation story is really very complicated, says Greenlight Capital's David EinhornDavid Einhorn, Greenlight Capital, joins CNBC's 'Halftime Report' to discuss his views on inflation.

☆ Billionaire investor David Einhorn says the Fed wants stock prices to go down and will hike rates higher than markets expect
▼ + stars: | 2023-03-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Greenlight Capital's David Einhorn said the Fed wants to knock stocks lower and will keep hiking rates. He sees today's inflationary era as potentially caused by government spending and interest rates that have not gone high enough. "The Fed does want stock prices lower. "I think it would be better if they cared less about the stock market in either direction." While a higher-for-longer interest regime has become the general expectation on Wall Street, Einhorn thinks estimates for how far the Fed will hike rates are still too low.

☆ David Einhorn on his winning short 'bubble basket' strategy that he's continuing
▼ + stars: | 2023-03-01 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Hedge fund manager David Einhorn said Wednesday that he is continuing his bets against "bubble baskets" of stocks that helped Greenlight Capital rebound in 2022. In his annual letter released last month, Einhorn defined a bubble stock as one that "could fall at least 80% and still not appear cheap to us." Einhorn told CNBC on " Halftime Report " on Wednesday that the firm is still betting against some of those stocks. The fund manager said Greenlight is still betting against that basket of stocks, though at a smaller weight. "I think most people in the market right now cannot do valuation, they choose not to do valuation, or structurally they're valuation agnostic," Einhorn said.

☆ David Einhorn says investors should be 'bearish on stocks and bullish on inflation'
▼ + stars: | 2023-03-01 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn said Wednesday he's keeping his negative stance on the stock market as inflation and interest rates could shoot higher. "I think we should be bearish on stocks and bullish on inflation," Einhorn said on CNBC's "Halftime Report." "I think that both long and short term rates are headed higher and probably higher than what people are expecting," Einhorn said. "I think it would be better if they cared less about the stock market in either direction." At the end of 2022, Greenlight's biggest long position included Green Brick Partners, Brighthouse Financial and Consol Energy.

☆ Greenlight's David Einhorn says there are two types of buybacks
▼ + stars: | 2023-03-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreenlight's David Einhorn says there are two types of buybacksDavid Einhorn, Greenlight Capital, joins CNBC's 'Halftime Report' to discuss the recent controversy over stock buybacks.

☆ Watch CNBC's full interview with Greenlight Capital's David Einhorn
▼ + stars: | 2023-03-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Greenlight Capital's David EinhornDavid Einhorn, Greenlight Capital, joins CNBC's 'Halftime Report' to discuss his outlook for stocks, the market and the economy.

☆ I think we should be bearish on stocks and bullish on inflation, says Greenlight Capital's David Einhorn
▼ + stars: | 2023-03-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI think we should be bearish on stocks and bullish on inflation, says Greenlight Capital's David EinhornDavid Einhorn, Greenlight Capital, joins CNBC's 'Halftime Report' to discuss his outlook for stocks, the market and the economy. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Requisite Capital's Bryn Talkington, Virtus Investment Partners' Joe Terranova and Odyssey Capital Advisors' Jason Snipe.

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