Stanley Druckenmiller predicts a “hard landing” for the US economy, and a recession in short order. The investor cited falling retail sales and ongoing banking pressures as key headwinds. Druckenmiller suggested AI could rival the internet in terms of technological impact. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Stanley Druckenmiller rings the alarm on an imminent recession – and says AI could rival the internet in impact
Brace for a real-estate recession as commercial property will be the next domino to fall in the US, says top Guggenheim and Apollo execs
A real-estate recession is coming as commercial property will be the next domino to fall, according to top execs. “That’s the next shoe to drop in the US. Like everything else, it has been priced so tightly,” Apollo’s co-president told the FT. Tighter credit conditions and remote-work trends are among factors disrupting the commercial property… Continue reading Brace for a real-estate recession as commercial property will be the next domino to fall in the US, says top Guggenheim and Apollo execs
A US debt default will have ‘unquantifiable’ adverse consequences and unthinkable long-term implications, Wall Street experts warn
A group of 17 top financial experts warned of “unquantifiable” consequences to come if the US defaults on its debt. In a letter addressed to Treasury Secretary Janet Yellen, they made the case for possibly repealing the debt limit altogether. The group warned that the ongoing political deadlock is particularly harmful in the midst of… Continue reading A US debt default will have ‘unquantifiable’ adverse consequences and unthinkable long-term implications, Wall Street experts warn
Education stocks plummeted after Chegg’s CEO warned about ChatGPT – but don’t write off entire sectors just yet
Chegg’s stock price crashed last week after the education company’s CEO said ChatGPT was impacting customer growth. Fellow digital learning firm Pearson also plummeted on Dan Rosensweig’s warning. But investors shouldn’t write off entire sectors just yet, according to analysts. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Education stocks plummeted after Chegg’s CEO warned about ChatGPT – but don’t write off entire sectors just yet
Stock Market Today: Stocks Choppy With Inflation Data on Deck
Despite Friday’s impressive rally, stocks were choppy to start the new week. Regional bank stocks remained in focus following last week’s massive selloff, while investors also looked ahead to this week’s inflation data, which includes Wednesday’s release of the April consumer price index. Last week, the SPDR S&P Regional Banking ETF (KRE (opens in new… Continue reading Stock Market Today: Stocks Choppy With Inflation Data on Deck
Gold closes in on an all-time high thanks to de-dollarization and banking uncertainty
Gold prices have jumped 8% since the collapse of Silicon Valley Bank. The precious metal passed $2,000 per ounce last week and traded at just 21 cents below its all-time high on Thursday, according to Refinitiv. Investors have flocked to gold as a safe haven with banking turmoil weighing on other assets. Loading Something is… Continue reading Gold closes in on an all-time high thanks to de-dollarization and banking uncertainty
The Fed’s own experts warn of a credit crunch-triggered economic slowdown – and sound the alarm on commercial real estate in a new report
Credit-crunch risks, commercial real estate and persistent inflation top worries for the Federal Reserve. The central bank’s own experts expressed their concerns in a periodic Financial Stability Report. The Fed also warned that a credit contraction could lead to a slowdown in economic activity. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading The Fed’s own experts warn of a credit crunch-triggered economic slowdown – and sound the alarm on commercial real estate in a new report
Load up on Treasury bills for their juicy yields because the debt-limit standoff will likely be resolved, billionaire bond king Bill Gross says
Investors should snap up short-term US Treasurys, according to Pimco founder Bill Gross. Yields on 1- and 2-month bills have spiked on fears that the US could default on its debt repayments. “I think it’s ridiculous – it’s always resolved,” the billionaire “bond king” told Bloomberg TV. Loading Something is loading. Thanks for signing up!… Continue reading Load up on Treasury bills for their juicy yields because the debt-limit standoff will likely be resolved, billionaire bond king Bill Gross says
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