Hedge funds are increasingly betting against stocks and shedding leverage, Bloomberg reported. Their net leverage saw the biggest weekly decline since pandemic-era lows in 2020. The bearish bets come as the Fed indicated last week that interest rates will stay higher for longer. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Hedge funds ramp up bets against US stocks as key leverage gauge falls at fastest rate since 2020 crash, says report
Warren Buffett’s Berkshire Hathaway sees its market value surge to a new record of almost $800 billion
Shares of Warren Buffett’s Berkshire Hathaway ended Monday’s trading at all-time highs. That’s boosted the investment conglomerate’s market value to an unprecedented high of almost $800 billion. Buffett has overseen a roughly 4,300,000% gain in Berkshire stock since becoming CEO in 1965. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Warren Buffett’s Berkshire Hathaway sees its market value surge to a new record of almost $800 billion
The dollar wiped out this year’s losses over the past 2 months following a barrage of strong economic data
The dollar has surged over the past two months thanks to strong economic data. One gauge of the greenback’s strength has rallied 5% since July 13. The buck recently hit a six-month high, with inflation cooling and the jobs market staying strong. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading The dollar wiped out this year’s losses over the past 2 months following a barrage of strong economic data
Howard Marks warns more companies will default as they feel the full force of the Fed’s inflation fight
US businesses will soon feel the full force of rising interest rates, according to Howard Marks. “Many more companies are going to founder,” the Oaktree cofounder told Bloomberg. The Federal Reserve has aggressively hiked borrowing costs over the past 18 months in a bid to curb inflation. Loading Something is loading. Thanks for signing up!… Continue reading Howard Marks warns more companies will default as they feel the full force of the Fed’s inflation fight
Russia is becoming increasingly dependent on Chinese banks as its yuan borrowings more than quadruple
Russia’s deepening isolation from the West is dramatically reshaping its economy. Chinese banks have offered billions of dollars to Russia as sanctions pressure Western lenders to exit the country. The volume of renminbi-backed loans has more than quadrupled as Russia seeks to move away from the dollar. Loading Something is loading. Thanks for signing up!… Continue reading Russia is becoming increasingly dependent on Chinese banks as its yuan borrowings more than quadruple
Veteran short-seller Jim Chanos calls soaring electric carmaker VinFast a ‘$200 billion meme stock’
Vietnamese electric carmaker VinFast has seen its shares skyrocket since it went public on August 15. Its market capitalization now stands at over $190 billion – but some investors cannot hide their disbelief. Veteran short-seller Jim Chanos called the carmaker a “$200B meme-stock” in a post on X. Loading Something is loading. Thanks for signing… Continue reading Veteran short-seller Jim Chanos calls soaring electric carmaker VinFast a ‘$200 billion meme stock’
The top 20 areas real-estate investors are piling into for high population growth, increasing rental demand, or price appreciation, according to a property-data firm
Premium John M Lund Photography Inc/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Thomas Malone says investors are attracted to areas with population growth. In June, investor purchases of single-family houses were up while occupancy buyers were down. These 20 cities have the highest ratio of… Continue reading The top 20 areas real-estate investors are piling into for high population growth, increasing rental demand, or price appreciation, according to a property-data firm
Forget about a recession sinking the stock market. Rising rates threaten to spoil the party just like they did in 2022.
Yields on 10-year Treasury yields have surged well above 4%. This creates increased competition for stocks, which are riskier than Treasurys. With both stock valuations and interest rates high, stock prices could continue to fall. Stocks have surged in recent months as the US economy has proved resilient: job gains remain positive, the unemployment rate… Continue reading Forget about a recession sinking the stock market. Rising rates threaten to spoil the party just like they did in 2022.
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