There’ll be a stock-market disaster if the debt-ceiling standoff isn’t resolved soon, 144 top execs have warned. “Action to end the pending debt crisis is necessary now,” they said in an open letter to president Joe Biden and congressional leaders. Goldman Sachs CEO David Solomon and Morgan Stanley boss James Gorman both signed Tuesday’s letter.… Continue reading There’ll be a stock-market disaster if the US debt crisis isn’t resolved soon, Goldman Sachs’ David Solomon and other top execs warn
‘Too much latency’: Elon Musk slams the Fed for reacting too slowly to economic challenges
Elon Musk slammed the Fed for operating with too much ‘latency’ in adjusting its policy to evolving economic circumstances. The Fed was slow to raise interest rates, and now they’re going to be slow to lower them, Musk said. “You can think of raising the Fed rate as somewhat of a brake pedal on the… Continue reading ‘Too much latency’: Elon Musk slams the Fed for reacting too slowly to economic challenges
Google parent Alphabet rejoins the $1.5 trillion valuation club for the first time in a year as AI efforts spur rally
Google parent Alphabet’s market capitalization topped $1.5 trillion at Tuesday’s closing bell. It’s the first time since May 2022 that the tech giant has traded at that valuation. Alphabet, Apple, Microsoft, and Amazon are the four trillion-dollar US-listed companies. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Google parent Alphabet rejoins the $1.5 trillion valuation club for the first time in a year as AI efforts spur rally
Janet Yellen ramps up warnings of a US debt default – saying it would break markets and lead to an ‘economic and financial storm’
Janet Yellen just delivered some of her most alarming warnings about the potential consequences of a US debt default. She warned a US default could “break” financial markets and risks triggering an economic “storm.” “A default would crack open the foundations upon which our financial system is built,” Yellen said. Loading Something is loading. Thanks… Continue reading Janet Yellen ramps up warnings of a US debt default – saying it would break markets and lead to an ‘economic and financial storm’
Stock Market Today: Stocks Edge Higher Ahead of Debt Ceiling Talks
It was a choppy session to start the week, with stocks bouncing between positive and negative territory Monday. The debt ceiling is top of mind for investors ahead of a Tuesday meeting between the White House and congressional leaders. The Federal Reserve and interest rates are also in focus, with a number of speeches from… Continue reading Stock Market Today: Stocks Edge Higher Ahead of Debt Ceiling Talks
mutual funds: Advice, News, Features & Tips | Kiplinger
The 9 Best Vanguard Mutual Funds to Buy mutual funds The best Vanguard mutual funds might cover a wide assortment of investing strategies, but they have two things in common: simplicity and cheap fees. By Jeff Reeves • Last updated 20 April 23
Commodities: Advice, News, Features & Tips | Kiplinger
Deep-Sea Mining Applications to Start in Summer: Kiplinger Economic Forecasts Economic Forecasts Deep-sea mining applications are due to start in the summer, but it’s unclear when mining will actually begin. By Matthew Housiaux • Published 7 May 23 9 Best Commodity ETFs to Buy Now ETFs These commodity ETFs offer investors exposure to the diverse… Continue reading Commodities: Advice, News, Features & Tips | Kiplinger
Billionaire Stanley Druckenmiller’s family office pumps a combined $430 million into Nvidia and Microsoft stocks in big, bold AI bets
Billionaire Stanley Druckenmiller’s family office snapped up Nvidia and Microsoft stocks in the first quarter. Duquesne plowed about $220 million into the chipmaker and newly purchased Microsoft shares worth $210 million. The fresh investments signal Druckenmiller’s growing appetite for AI-focused stocks. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Billionaire Stanley Druckenmiller’s family office pumps a combined $430 million into Nvidia and Microsoft stocks in big, bold AI bets
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