Billionaire Howard Marks says markets are in the middle of the third “sea change” of his 53-year career. Previous changes were in risk appetite and in the interest rate environment. Today, the post-crisis era of low returns is over, and “full returns” are possible but old investing strategies will be tested. Loading Something is loading.… Continue reading Billionaire investor Howard Marks says financial markets are going through their 3rd ‘sea change’ of the last 50 years. Here are the 6 best quotes from his letter to investors.
OPEC slashes oil demand outlook on global economic uncertainty after earlier predictions of supply shortfalls
OPEC slashed oil demand outlook on Tuesday on signs of global uncertainty. The cartel now predicts demand will be roughly 380,000 barrels a day below previous estimates. “The year 2023 is expected to remain surrounded by many uncertainties, mandating “vigilance and caution,” OPEC said. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading OPEC slashes oil demand outlook on global economic uncertainty after earlier predictions of supply shortfalls
Chinese police arrest 63 people accused of laundering $1.7 billion in cryptocurrency via tether stablecoin
Police in China said 63 people accused of laundering as much as 12 billion Chinese yuan ($1.7 billion) using cryptocurrency have been arrested. A gang is accused the stablecoin tether to launder proceeds from pyramid schemes and other criminal activities. Police running the investigation destroyed more than 10 money-laundering dens. Loading Something is loading. Thanks… Continue reading Chinese police arrest 63 people accused of laundering $1.7 billion in cryptocurrency via tether stablecoin
Dow soars 528 points ahead of crucial inflation reading and start of Fed policy meeting
Matthew Fox Xinhua/Wang Ying/ Getty Images US stocks surged on Monday ahead of a crucial week of market-moving catalysts.The November CPI report will be released on Tuesday, showing the path of inflation as 2022 winds down. Meanwhile, the Fed begins its two-day policy meeting Tuesday and will deliver another decision on rates Wednesday. Loading Something is… Continue reading Dow soars 528 points ahead of crucial inflation reading and start of Fed policy meeting
Tesla will face stock buyback pressure from activist investors next year after shares get cut in half in 2022, Wedbush says
Tesla is likely to face increased pressure from activist investors in 2023, according to Wedbush.Wedbush said Tesla could face pressure to launch a stock buyback program as share price tumbles.Tesla stock has erased $560 billion in market value this year, falling more than 50%. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Tesla will face stock buyback pressure from activist investors next year after shares get cut in half in 2022, Wedbush says
Most sectors of the economy are showing signs of a pending recession even as the labor market stays hot, Stifel’s chief economist says
The economy is showing signs of a recession despite a hot labor market, Stifel’s chief economist says. Lindsey Piegza told Bloomberg TV on Monday that the labor market is holding up but also starting to show some weakness. She added that she expects a recession in 2023. Loading Something is loading. Thanks for signing up!… Continue reading Most sectors of the economy are showing signs of a pending recession even as the labor market stays hot, Stifel’s chief economist says
Billionaire John Paulson is reportedly set to reap $500 million from Amgen’s huge deal to acquire Horizon Therapeutics
Billionaire John Paulson’s family office is set to make $500 million from its stake in Horizon Therapeutics, Forbes said Monday. Paulson & Co. has held a stake in the biotech company since 2017. Amgen plans to buy Horizon in a $27.8 billion deal. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Billionaire John Paulson is reportedly set to reap $500 million from Amgen’s huge deal to acquire Horizon Therapeutics
China says it’s moving to buy oil and gas in the yuan — a move that could threaten the dollar’s global dominance in the long run
On Friday, China’s President Xi Jinping pushed for the settlement of energy trades in the yuan. At a summit with Arab leaders, Xi said China would continue importing large amounts of oil. Settling more trade in the yuan could weaken the US dollar’s global dominance in the long run. Loading Something is loading. Thanks for… Continue reading China says it’s moving to buy oil and gas in the yuan — a move that could threaten the dollar’s global dominance in the long run
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