Elon Musk has promised self-driving Teslas by year-end. But Jim Chanos isn’t sold on the idea, and says the tech probably has near-zero value in the resale market. The veteran short-seller has been a prominent critic of Tesla. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Tesla’s self-driving tech is probably worthless in the resale market, short-seller Jim Chanos says
How Low Demand for Cardboard Boxes Could Signal a Recession: Kiplinger Economic Forecasts
There are many factors at play when trying to predict a possible recession. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe).… Continue reading How Low Demand for Cardboard Boxes Could Signal a Recession: Kiplinger Economic Forecasts
Collectible Vintage Photos Emerge as Investable Asset Class
With global financial markets sliding sideways, visionary investors are on the lookout for new asset classes. One tangible subclass you can actually see with your eyes is worth checking out: vintage photos. Fine art pieces have long been found in the portfolios of high-net-worth individuals and institutions — and even pooled, in recent years, and… Continue reading Collectible Vintage Photos Emerge as Investable Asset Class
This is what has to happen for the US to avoid a deep recession
Recession calls have swirled for over a year, but it’s still possible the US doesn’t end up in a steep downturn. In an ideal scenario, the labor market would cool off faster and more sharply than expected, experts told Insider. Consumer spending, too, would have to cool — but not so much that economic growth… Continue reading This is what has to happen for the US to avoid a deep recession
Russia has resources China needs to fight the West, and Beijing can’t find them anywhere else in the world, think tank analyst says
Russia’s economy has become more reliant on China since Moscow’s forces invaded Ukraine. But an analyst said Russia retains key leverage in its relationship with China and won’t be Beijing’s vassal. “The experience that the Russian army is currently gaining in Ukraine is even more interesting for Beijing.” Loading Something is loading. Thanks for signing… Continue reading Russia has resources China needs to fight the West, and Beijing can’t find them anywhere else in the world, think tank analyst says
The AI boom has boosted the ‘Magnificent 7′ stocks’ combined market cap to $11 trillion – that’s nearly triple Germany’s GDP.
The AI boom has seen the rise of a new grouping of mega-cap tech stocks, known as the “Magnificent 7.” The group’s combined market value has surged 60% this year to $11 trillion – almost triple the GDP of Germany. Skeptics, however, have warned the rally in the seven stocks could fade soon as economic… Continue reading The AI boom has boosted the ‘Magnificent 7′ stocks’ combined market cap to $11 trillion – that’s nearly triple Germany’s GDP.
The much-predicted recession may not happen at all
Six months into 2023, a much-predicted recession is yet to arrive – and some experts now suggest the risk may have blown over. “As things cool down with the Fed rate hikes, we’re just not likely to tip over into recession,” said Seth Carpenter, Morgan Stanley’s chief economist. Here’s a selection of recent upbeat takes… Continue reading The much-predicted recession may not happen at all
US stocks fall in volatile trade as investors weigh cooler job gains against high wage growth
Filip De Mott US Federal Reserve Chair Jerome Powell attends a press conference in Washington, DC, on March 22, 2023. Liu Jie/Xinhua via Getty Images US stocks fell in volatile trade on a cooler-than-expected jobs report from the Labor Department. But wage growth was hotter than predicted, at a 4.4% jump on an annual basis.… Continue reading US stocks fall in volatile trade as investors weigh cooler job gains against high wage growth
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