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25 July 2017 04:32 (South Africa)

Soros shows confidence in US economy

One of the few investors in the world that can answer the call from Warren Buffet, George Soros, has just made a move that will warm the hearts of Ford shareholders. His global hedge fund, Soros Fund Management LLC, has reportedly spent $2 billion on US stocks, with main beneficiaries being Ford ($53 million) and AT&T ($113.7 million). Ford is currently fighting one of the biggest ever battles to survive, and the vote of confidence from an investor as respected as Soros bodes well for its future. Read more: BusinessWeek

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