Markets

Stanley Druckenmiller is shorting the US dollar after missing last year’s rally. He said it will keep falling due to interest rate cuts and a rise in non-dollar trade agreements. “And you have Lula running around asking why we have to do trade in the US dollar, and he’s right to.” Loading Something is loading.… Continue reading Billionaire investor Stanley Druckenmiller shorts the dollar after ‘biggest miss of my career’ on Fed rate view and weaponized currency fears

Hollywood’s upcoming film “Dumb Money” depicts the 2021 events surrounding the mania behind the GameStop stock.Seth Rogen will star as hedge fund manager Gabe Plotkin who lost billions of dollars on his GameStop short. Nick Offerman will portray Citadel founder Ken Griffin, while Paul Dano will star as Keith Gill, aka Roaring Kitty. Loading Something is… Continue reading The GameStop saga is getting a movie. Seth Rogen is cast as Wall Street Bets’ most reviled hedge funder, and Paul Dano will play meme-stock hero Roaring Kitty.

A BlackRock strategist said the US stock market hasn’t fully priced in central bank tightening yet. BlackRock’s Ann-Katrin Petersen has a “more cautious stance on US equities for the time being.” The Fed’s rate hikes have caused serious “damage” to the US economy, she told Bloomberg TV. Loading Something is loading. Thanks for signing up!… Continue reading Investors should be wary of US stocks as the damage from Fed tightening hasn’t yet been reflected in markets, BlackRock strategist says

A US debt default would be a disaster for the economy, Treasury Secretary Janet Yellen said.  She warned of potential mass unemployment, payment failures, and broad economic weakness if the US failed to pay its debts.  She urged lawmakers to raise the debt ceiling and not wait “until the last minute” to do so. Loading… Continue reading A US debt default could spark mass unemployment, payment failures, and catastrophe that would raise interest rates ‘into perpetuity,’ Treasury Secretary Janet Yellen warns

By multiple measures, the stock market is the calmest it’s been since the end of 2021. JPMorgan quant guru Marko Kolanovic says the equity market is far too placid right now, considering all the headwinds it’s facing. He says technical factors are suppressing volatility in the face of rising rates, credit tightening, and macro risks.… Continue reading The stock market is unusually quiet right now. Here’s why that won’t last, and why traders should sell on any bounce.

Central banks are turning away from the US dollar and shifting to gold, Ruchir Sharma wrote. Central banks account for a record 33% of monthly global demand for gold, he said in the FT. “Thus the oldest and most traditional of assets, gold, is now a vehicle of central bank revolt against the dollar.” Loading… Continue reading Central banks are leading a revolt against the US dollar and shifting to gold at a record pace, market expert says

China’s yuan isn’t a threat to the US dollar, according to former Treasury Secretary Larry Summers. In an interview with Bloomberg TV, Summers called China’s markets unpredictable and unreliable. “Is that really going to be a place where people are going to decide they want to hold reserves on a massive scale?” Loading Something is… Continue reading The yuan is not a threat to the US dollar because China is not a predictable or reliable market, former Treasury Secretary Larry Summers says

Fox News host Tucker Carlson discusses ‘Populism and the Right’ during the National Review Institute’s Ideas Summit at the Mandarin Oriental Hotel March 29, 2019 in Washington, DC.Chip Somodevilla/Getty Images Fox Corporation erased $930 million in market value on Monday after announcing Tucker Carlson would depart Fox News.The split came one week after the company… Continue reading Fox Corporation sheds $930 million in market value after announcing Tucker Carlson is leaving the news network