Economy Watchers Should Be Seeing Red Flags
The stock market hogs all the headlines, but better gauges can be found in the bond and currency markets. Trump’s Market Honeymoon Won't Last Much Longer — Robert Burgess The clock is ticking for Donald Trump and his surrogates to provide answers to some critical...
RFK Jr. Fuels Uncertainty on Policies From Medicare to Abortion
Robert F. Kennedy Jr.’s selection to serve as President-elect Donald Trump’s top health official is prompting questions from policy watchers over how the pick will handle the range of key health policies that would fall under his purview. Kennedy, an environmental...
Russia Takes Aim at US Nuclear Power by Throttling Uranium
Enriched uranium needed in reactors supplying 19% of US power Russia says it’s responding to US law curbing uranium imports Russia is temporarily limiting exports of enriched uranium to the US, creating potential supply risks to utilities operating American reactors...
The Great Post-Election Rally Hits a Wall as Powell Weighs In
Rate angst sparks worst weekly pan-asset selloff in 13 months Citi says market action showing investors feel ‘exhausted’ After a post-election risk-taking binge, stock investors sobered up this week as Jerome Powell’s go-slow message on interest-rate cuts cooled...
Trump Shifts Focus to Economic Team as Kudlow Rules Out Return
Contest for Treasury job has intensified in recent days President-elect expected to announce economic picks soon President-elect Donald Trump is meeting with Key Square Group LP founder Scott Bessent on Friday, according to a person familiar, as he weighs a short-list...
China’s Stock Rally Is Feeding a Casino Frenzy Among Amateur Investors
The swelling crowds at Shanghai’s street corner stock salon show rampant speculation is on the rise.On a cigarette smoke-filled street corner in Shanghai, 70-year-old stock picker Yu held court for a crowd of onlookers eager to hear about his investment strategy....
Family Offices Flock to $140 Billion Market for Secondary Sales
Ultra-wealthy offer liquidity to squeezed private equity funds ‘This is an area our clients are investing in,’ JPMorgan says Chicago’s Mills dynasty built one of the world’s biggest health-care fortunes over the past century, but these days they’re part of a group...
OpenAI, Google and Anthropic Are Struggling to Build More Advanced AI
Three of the leading artificial intelligence companies are seeing diminishing returns from their costly efforts to develop newer models. OpenAI was on the cusp of a milestone. The startup finished an initial round of training in September for a massive new artificial...
China Taps Global Bankers for Feedback to Lift Market Confidence
Officials seek to gauge demand for China assets, money flows Global banks have struggled in mainland amid slow dealmaking China’s securities regulator has ratcheted up the frequency of interactions with global banks, intensifying what had been quarterly discussions to...
Milei Hints at FX Policy Move After Inflation Slows Below 3%
Consumer prices rose 193% from year ago; April peak was 289.4% Monthly inflation slowed to a three-year low of 2.7% Argentine President Javier Milei foreshadowed Tuesday he would change his currency policy after the end of the year if inflation stays constant in...
Apple’s Next Device Is an AI Wall Tablet for Home Control, Siri and Video Calls
Product will spotlight the new Siri and Apple Intelligence Device will tap into cameras, doorbells and run Apple’s apps Apple Inc., aiming to catch up with rivals in the smart home market, is nearing the launch of a new product category: a wall-mounted display that...
Apollo Invests in Fintech to Boost Service for Private Markets
Vega is scaling a tech platform for alternative asset managers Apollo, Motive Partners lead $20 million Series A funding Apollo Global Management Inc. is investing in startup Vega and adopting its technology that looks to improve service for clients looking to further...
US Online Food Prices Post First Year-on-Year Drop Since Covid
Online grocery prices declined in October from a year earlier, the first such drop since the arrival of Covid more than four years ago. Food costs fell 0.1% from the same period of 2023, according to data from Adobe that’s based on about 1 trillion visits to retail...
Trump’s Market Honeymoon Won’t Last Much Longer
Stocks grab all the headlines, but bond and currency markets show where trouble might be brewing.Hedge fund manager Scott Bessent, reported to be in line for a top job in the Trump administration such as Treasury secretary or Federal Reserve chair, wrote in a Wall...
