The pros said “let the bond market speak.” But investors don’t like what it’s saying on Tuesday. After an unusual intervention by the Treasury Department in August did little to tamp down bond-market jitters, US Treasury yields are spiking again, but the latest sell-off isn’t confined to the US. A host of macroeconomic fears is
The AI boom is soaking up investor cash, staving off a recession, and showing signs of faltering, David Rosenberg says. AI is “sapping the momentum out of the rest of business capital spending,” the veteran economist said during the latest episode of the “Excess Returns” podcast. Rosenberg estimated that 50% of all corporate investment is
