Markets

Leading Chinese developer Country Garden avoided a debt-default last week with an 11th-hour coupon payment. But this may have provided only a temporary relief for the Asian nation’s ailing property sector. The embattled industry faces a cocktail of headwinds that may continue to drag on China’s economy. Loading Something is loading. Thanks for signing up!… Continue reading Country Garden just dodged a default but China’s property-debt distress continues

Apple’s stock is currently the single biggest short for hedge fund investor Dan Niles.  “Sold $AAPL & now our largest single stock short,” the Satori Fund founder said in a Thursday post on X.  Niles cited three reasons for his bearishness toward Apple, including China’s crackdown on iPhone usage.  Loading Something is loading. Thanks for… Continue reading Apple’s stock is the biggest short for investor Dan Niles amid worries about China’s iPhone ban

China’s “stalling” economy is putting some US companies at risk, according to Bank of America.High rates of youth unemployment and recent property defaults have put pressure on the Chinese economy.The bank highlighted the top 10 stocks that have the most revenue exposure to China. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading These 10 stocks have the most exposure to China’s ‘stalling’ economy, BofA warns

Meme-stock investor Ryan Cohen’s 2022 trades in Bed Bath and Beyond’s stock are being probed by the SEC, per the WSJ. The billionaire took a $120 million position in BBBY stock in early 2022, but sold it abruptly five months later. Cohen says he liquidated the position because the stock had “unexpectedly increased to a… Continue reading Billionaire Ryan Cohen’s 2022 purchase and abrupt sale Bed Bath & Beyond shares are being investigated by the SEC, report says

New Era Cap raised $775 million worth of debt and could explore an IPO, Bloomberg reported. “I can see myself leading a publicly-traded company,” CEO Christopher Koch told the outlet. New Era is best known as the official licensed hatmaker for MLB and the NFL. Loading Something is loading. Thanks for signing up! Access your… Continue reading NFL-backed New Era Cap raises $775 million in financing ahead of potential IPO, report says

Jason Ma Spencer Platt/Getty Images US stocks trade mixed on Thursday amid fresh signs the labor market remains tight. Weekly jobless claims unexpectedly declined, and second-quarter unit labor costs were revised up. That could put more pressure on the Federal Reserve to keep rates higher for longer. Loading Something is loading. Thanks for signing up!… Continue reading US stocks trade mixed as rate fears persist amid signs of tight labor market

Jeremy Grantham rang the alarm on inflation, interest rates, markets, and the economy. The veteran investor predicts stocks will tumble and a protracted recession will strike. Grantham shared the story of his dot-com bubble call, and said he’s betting big on venture capital. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Jeremy Grantham sounds the alarm on stocks, recession, inflation, and interest rates in a new interview. Here are his 8 best quotes.

The AI boom won’t prevent a recession, according to Jeremy Grantham. “AI is very important. But I think it’s perhaps too little, too late,” he told Bloomberg. Stock prices will fall when that economic slump hits, the legendary investor added. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Jeremy Grantham warns the AI boom won’t stop a recession – and stocks are still likely to crash