Tag: Markets
Warren Buffett’s $1.6 billion bet on UnitedHealth sends the struggling insurer’s stock soaring
U.S. stocks are hanging around their record levels on Friday as Wall Street heads toward the finish of another winning week.
The S&P 500 edged down by...
The bond market is signalling that a September cut from the Fed is no longer locked in
Surging U.S. producer prices and a spike in Treasury yields have cast some doubt on a widely expected Fed rate cut in September. The...
A 23-year-old CEO convinced his parents to open a custodial account in second grade. He fears meme stocks inflate Gen Z’s dreams of getting rich quick
When Steven Wang was in second grade, he convinced his parents to open a custodial stock account. Now 23 years old, he’s running “dub,”...
AI experts return from China stunned: The U.S. grid is so weak, the race may already be over
“Everywhere we went, people treated energy availability as a given,” Rui Ma wrote on X after returning from a recent tour of China’s AI...
AI spending added 0.5% to GDP growth and the Magnificent 7 stocks are driving the market
The S&P 500 is up 10% year-to-date and set another all-time high yesterday. Much of that growth has come from the Magnificent 7 tech...
Markets cashed in on the war in Ukraine but may like peace with Russia even more, top analysts say
While European markets benefited from the Ukraine war, analysts believe peace could boost the euro and stocks even more. Lingering distrust of Russia means...
The ‘Fed put’ is back: If Tuesday’s inflation report is bad expect chaos in the markets
S&P 500 futures were flat this morning as global markets rested at or near their all-time highs. Investors are optimistic the U.S. Federal Reserve...
Top economist says it’s ‘panic season’ in markets and it’s your fault for taking summer vacation. Blame the ‘harvest time’ mentality
What is August really about? Owen Lamont, Senior Vice President and Portfolio Manager at Acadian Asset Management, suggests that for normal people, it’s about...
Airbnb embraces a paradox: CEO Brian Chesky says hotels are the future
Airbnb, the house-sharing pioneer long synonymous with offering travelers alternatives to traditional hotels, is now making hotels a cornerstone of its growth strategy. The...
The dollar is in decline because of a global ‘loss of faith in US leadership,’ Macquarie says
The U.S. dollar rose marginally on the DXY foreign currency index over the last 24 hours but no one really believes it will work...