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Hedge fund bet on Glencore backfires with $100 million loss

London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. For Lansdowne, that bet had generated returns in 2014 and 2015, when Glencore more than other major miners was dragged down by falling commodity prices and concerns about its level of debt. But so far this year, Glencore's shares have risen 29 percent, from 278 to 354 pence, making it the top-perfo

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Trump: Healthcare, infrastructure, welfare reforms up next after taxes

WASHINGTON U.S. President Donald Trump on Monday said he plans to take up healthcare, infrastructure and welfare reform issues soon after Republicans' tax overhaul is finalized, which the party has pledged to complete by the end of the year.