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Petrobras’s $18 Billion Rout Deepens on Series of Downgrades – Yahoo Finance

(Bloomberg) — A sell-off in Brazil’s state-controlled oil firm Petroleo Brasileiro SA picked up on Monday after a group of analysts downgraded the stock…

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When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the worlds largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $140 billion in global investments and Dalios own net worth coming at $17 billion, he has earned legendary status on Wall Street. Summing up his success, Dalio has three pieces of advice for investors. First, diversify….

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