Michael Bury.Astrid Butars/Getty Images Michael Berry placed bearish bets against the S&P 500 and Nasdaq-100 in the most recent quarter. The “Big Short” investor also […]
China is cutting the rate by the most since 2020 as economic woes worsen
(Bloomberg) — China’s central bank unexpectedly cut its key interest rate by the most since 2020 to prop up an economy that faces new risks […]
The largest Treasury ETFs are experiencing the largest mass exit since the 2020 crash
(Bloomberg) — Investors are bailing out of the largest exchange-traded fund dedicated to Treasury bonds at the fastest pace since markets were hit during the […]
Nvidia’s stock roar returns, leading the S&P 500, as chips rebound, playing hard
nvidia (NVDA), micron technology (in), steel dynamics (STLD), Teledyne Technologies (TDY) And homogeneous force (MPWR) is the biggest gainer in the S&P 500 stock market […]
When do you retire and why does age matter?
When is the right time to retire? It’s a question that depends on your personal needs and circumstances. The National Bureau of Economic Research found […]
IBM plans to replace nearly 8,000 jobs with artificial intelligence – these jobs are the first of their kind
ibm CEO, Arvind Krishna, announced a hiring halt in May, but that’s not all. Later that month, the CEO also mentioned that the company plans […]
Goldman Sachs sees ‘distinctive improvement’ in these two energy stocks – and that’s what makes them attractive buys
The end of earnings season always presents an opportunity to see what’s in store for the following months. With the second-quarter results of companies in […]
$138 billion from China’s shadow bank spirals into a terrible time for Xi
(Bloomberg) – Zhongzhi Enterprise Group Co., Ltd. In 1995 as a timber company, it has grown into a financial conglomerate with more than 1 trillion […]
The future of the Hawaiian Electric Company is in doubt after the billion-dollar collapse
(Bloomberg) — The Hawaiian Electric Company, which supplies energy to nearly 95% of the state’s population, traces its roots back to 1891, just a decade […]
‘Bond King’ Bill Gross warns of dangerously overvalued stocks – and predicts a recession
Bill Gross.Photograph: Jason Reed/Reuters Bill Gross says stocks and long-term bonds are overvalued and the US economy will decline. Bond King says stocks are too […]