Markets

Bill Ackman poked at Carl Icahn, called out the debt-ceiling chaos, and touted his Alphabet wager. The Pershing Square chief talked up his other bets, including Lowe’s, Hilton, and Howard Hughes. Here are the highlights from Ackman’s first-quarter investor call and tweet on Wednesday. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Bill Ackman jabbed at Carl Icahn, touted his new Alphabet wager, and bemoaned the debt-ceiling debacle this week. Here are the key highlights.

Investors need to realize the Federal Reserve won’t cut interest rates this year, Jupiter strategist Mark Nash says. Most traders expect the central bank to pause its tightening campaign at its June meeting. But “policy is still not tight enough,” Nash told Bloomberg. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Investors are wrong if they think the Fed will cut interest rates this year, a fund manager beating 91% of his competitors says

Matthew Fox Speaker of the House Kevin McCarthy (R-CA) speaks during a bill signing at the U.S. Capitol March 9, 2023 in Washington, DC. Drew Angerer/Getty Images US stocks fell on Wednesday as investors grow weary of the ongoing debt ceiling standoff between Democrats and Republicans.Treasury Secretary Janet Yellen has warned that the government could… Continue reading US stocks fall as concerns about US debt default gain steam

The average rate on a 30-year fixed mortgage topped 7% this week for the first time since March. Applications for home purchases also slipped 4.3% in the week ending May 19, MBA data shows. Mortgage rates have climbed in May as debt-ceiling talks continue to stall and 10-year Treasury yields climb. Loading Something is loading.… Continue reading The 30-year mortgage rate is back above 7% for the first time since March

The credit crunch could spark a domino-style effect in corporate defaults, RBA warned. The pullback in lending conditions has already led to a surge in bankruptcies at small, weak firms. That could easily lead to failures at large, seemingly sound companies, the investment manager said. Loading Something is loading. Thanks for signing up! Access your… Continue reading The credit crunch is driving more bankruptcies and could spark a domino effect of defaults at larger firms, investment manager says

Elon Musk intends to take on Microsoft and Google in AI, he teases in a new interview. The Tesla, Twitter, and SpaceX CEO expresses his love of dogecoin and slams corporate inertia. Musk also discusses space travel, succession, and China-Taiwan risks. Here are the 12 best quotes. Loading Something is loading. Thanks for signing up!… Continue reading Elon Musk hints at Tesla’s AI ambitions, sounds the alarm on a China-Taiwan conflict, and shouts out dogecoin in a new interview. Here are the 12 best quotes.

“Dr. Doom” economist Nouriel Roubini said US regional banks will “certainly” face a credit crunch.  “There will be certainly some credit crunch especially among regional banks, those are the ones that are squeezed,” he said.  Fears of a credit squeeze have risen as banks tighten lending standards following the failures of Silicon Valley Bank and… Continue reading ‘Dr. Doom’ economist Nouriel Roubini warns US regional banks will ‘certainly’ face a credit crunch

Carla Mozée A trader works on the floor of the New York Stock Exchange. Michael M. Santiago/Getty Images US stocks fell Tuesday as debt-ceiling talks wear on in Washington, DC.  House Speaker Kevin McCarthy said talks have been “productive” but differences with Democrats remain. The Nasdaq Composite on Monday logged its highest close of the… Continue reading US stocks decline as White House, Republicans continue to wrangle over debt ceiling deal