David Einhorn’s Greenlight Capital sold its remaining shares of Apple Inc on growing fear of “Chinese retaliation against America’s trade policies”, according to a letter sent by the hedge fund to investors.
For a solid decade after the collapse of Lehman Brothers touched off a global financial crisis, there was good reason to think the U.S. economy remained broken, from skepticism about the health of the labor market to tepid economic growth and the moribund rate of interest paid on U.S. Treasury bonds.
Oaktree Capital Management’s, Howard Marks has a great sense of market timing. Marks says credit markets are getting more aggressive, but nowhere near excesses of 2007. Overall market’s remain healthy – “not purely good or […]
U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions.
U.S. stocks dropped on Friday, weighed down by rising Treasury yields after data showed job growth slowed in September, while wage increases were not enough to fan worries over rising inflation or faster interest rates hikes.
Investing Legend, Ron Baron, explains why he believes Tesla is headed much higher. Ron Baron originally owned TSLA around $3, sold around $30 for 10X gain in a few years. Then he “realized his mistake” […]
Daimler on Friday said it will start building a battery plant as part of its planned $1 billion investment to upgrade its factory in Tuscaloosa, Alabama, which has also started to produce a new sports utility vehicle, the GLE.
For a solid decade after the collapse of Lehman Brothers touched off a global financial crisis, there was good reason to think the U.S. economy remained broken, from skepticism about the health of the labor market to tepid economic growth and the moribund rate of interest paid on U.S. Treasury bonds.
J.P. Morgan Chase Bank has agreed to pay $5.3 million to settle allegations it violated Cuban Assets Control Regulations, Iranian sanctions and Weapons of Mass Destruction sanctions 87 times, the U.S. Treasury said on Friday.
The U.S. transportation sector, which many see as a proxy indicator of the economy’s health, has retreated 2.3 percent from its Sept. 14 record, hinting to some analysts that the longest bull market on record has entered its late stages.
U.S. gross domestic product is expanding at a 2.27 percent clip in the third quarter, slower than the 2.47 percent pace calculated a week ago, the New York Federal Reserve’s Nowcast model showed on Friday.
The U.S. economy is expanding at a 4.1 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday, following the release of the latest payrolls and trade data.
U.S. job growth slowed sharply in September, likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions.
Stock markets sagged around the world on Friday after the release of U.S. jobs numbers signaled a continued tightening of the labor market and increased inflation pressures, while longer-dated Treasury yields rose.
The U.S. economy has pulled ahead this year, extending a lengthy expansion with help from President Donald Trump’s “America First” agenda and massive tax cuts, but upcoming data could illuminate the impact of his policies on global peers.
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