Jul 18, 2024 | Markets
Covello casts doubt on hype behind an $16 trillion rally He says costs, limited uses means it won’t revolutionize world Over three decades on Wall Street, Jim Covello has learned how painful it can be to bet against an inflating tech stock bubble. The market has a way...
Jul 17, 2024 | Markets
Liquidations would shutter more than 40% of company’s stores Furniture chain acquired a rival last year to expand reach Furniture retailer Conn’s Inc. is planning to shutter around 100 locations and liquidate the inventory as part of a bankruptcy filing planned for...
Jul 17, 2024 | Markets
Annual CPI rate falls to 3.3% from 4% in previous quarter Three main banks now see RBNZ rate cuts starting sooner New Zealand inflation slowed more than forecast to its weakest in three years in the second quarter even as domestic price pressures persisted. The...
Jul 16, 2024 | Markets
Long-short strategy has gained over 10% in China this year China’s low correlation, high dispersion generates alpha: BNP Chinese stocks have been among the world’s worst performers over the past year, but they are beating their major peers based on one hedge-fund...
Jul 15, 2024 | Markets
Empire State factory index eased this month to minus 6.6 Prices received by state manufacturers dropped to one-year low New York state factory activity contracted for an eighth straight month in July while a measure of prices received by producers declined to a...
