GREENWICH, Conn. (Reuters) - Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the worlds biggest hedge funds, said a "perfect storm" is forming that will spread economic pain as the U.S. Federal Reserve raises interest rat
Shares in chip makers across the globe fell Monday after President Joe Biden unveiled new restrictions on semiconductor exports to China, the world’s second-largest economy.
JPMorgan Chase CEO Jamie Dimon said the U.S. economy was “actually still doing well” at present and consumers were likely to be in better shape compared to the 2008 global financial crisis when the world tips into recession.
There’s a global migration underway in the gold market, as western investors dump bullion while Asian buyers take advantage of a tumbling price to snap up cheap jewelry and bars.
Its been a trying year for investors, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all plunging into a bear market.
Elon Musk’s surprising decision to revive his offer for Twitter Inc. this week sparked a rally in the social-media company’s shares. For Tesla Inc.’s stock, however, it is an ominous sign.
The latest bout of global financial volatility has heightened concerns about regulators’ continuing failure to resolve liquidity problems with US Treasuries - the debt that serves as a benchmark for the world.
Michael J. Wilson, one of Wall Street’s biggest equity bears, says that while the Federal Reserve’s dovish pivot is becoming more likely amid falling money supply, this doesn’t remove the risk of a sharp contraction in earnings.
OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic, in a move that threatens to push gasoline prices higher just weeks before US midterm elections.
Tesla CEO Elon Musk changed course and agreed to buy Twitter for the agreed upon price, according to a filing on Tuesday.
A risk-off mood across global financial markets amid persistent economic turmoil deterred prospective hedge funders from starting up new firms in the second quarter.
Investors and analysts called on the Swiss banking giant to move faster with cost savings and fresh investor capital.
The pain is just beginning for investors in US credit markets after Federal Reserve tightening and recession angst sent investment-grade bonds, high-yield debt and leveraged loans spiraling in September.
Overwhelming bearishness means stocks are reflecting "draconian earnings,” says David Baron of Baron Focused Growth.
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