Stocks are still frothy a day after a brutal rout sent the Nasdaq 100 to its worst day since June. Tech stocks recovered slightly after a round of frenzied selling hit the AI sector yesterday, but the pain spread to blue chip stocks on Friday as investors took in the latest surge in oil prices
Bond yields are spiking after the latest consumer inflation report, further hobbling Donald Trump’s goal to make life more affordable ahead of a pivotal midterm vote. The yield on the 10-year US Treasury, which influences everything from mortgages to car loans to business loans, saw a sharp spike on Wednesday as investors take in a
Bill Ackman thinks tighter monetary policy could prove to be a mistake in the era of AI. The billionaire investor said late Thursday that the Federal Reserve’s decision to hike interest rates last week was the wrong move, because AI may be rewriting the rules that guide the central bank’s response to inflation. Ackman wrote
The “Bond King” has a word of warning for investors: beware of higher interest rates. Jeff Gundlach, the veteran fixed-income investor and CIO of DoubleLine Capital, laid out his latest outlook for markets at an event in Manhattan on Thursday. Treasury yields have spiked to nearly two-decade highs in recent weeks, but rates have the
A best-case scenario for stocks is quickly fading, BMO says. The bank said that a Goldilocks scenario — an ideal economic setup for stocks where the US economy continues to grow while inflation is subdued — looks less likely due to a confluence of factors that could spark a global slowdown and impact equities. In
The budget smartphone market will shrink as the reality of memory shortages continues to take hold. Rising RAM prices amid memory shortages are putting serious pressure on the economics of low-end smartphones, according to a recent analysis published this week by global technology research firm Omdia. “Memory costs have become a serious burden for low-end
