Goldman boosts recession odds but sees ‘limited’ risk of downturn
Goldman Sachs on Monday raised the chance of a recession over the next 12 months after a daily sell-off in stock markets, but the investment bank sees the risk of a severe downturn as “limited.” The bank raised its one-year recession probability by 10 percentage points to 25 percent, while noting that it expects the […]
Warren Buffett’s Berkshire cuts Apple stake by half, boosts cash stockpile to $277B
Neuberger Berman Senior Research Analyst Dan Flax predicts earnings for big tech companies and which stocks are well-positioned. Warren Buffett’s Berkshire Hathaway The company plans to sell about half of its Apple shares, increasing its cash holdings to about $277 billion, according to figures released on Saturday. Berkshire’s quarterly report It suggests that the 93-year-old […]
Housing inventory just hit a post-pandemic high, and these cities saw the biggest boosts
Orlando-area real estate agent and TikTok creator Freddie Smith talks Florida’s expensive market and his best advice for achieving homeownership. The U.S. housing market has been plagued by a severe inventory shortage for years, which has driven up prices and exacerbated the homebuying crisis. But new data shows that more homes are currently for sale […]
Citadel boosts stake in James Dolan’s Sphere after Steve Cohen investment
Ken Griffin’s Citadel increased its stake in James Dolan’s Sphere Entertainment just weeks after it revealed that another hedge fund mogul, Mets owner Steve Cohen, had invested in the company. Citadel Advisors has increased its stake in the company that owns Las Vegas’ revolutionary concert venue from 1.6% to 5.3%. According to an SEC filing […]
Adidas shows how ignorance boosts antisemites
Ignorance and antisemitism typically go hand in hand, even when it comes to massive corporations that should know better. With the 2024 Olympics approaching, German sportswear company Adidas used the opportunity to promote its SL72 shoe, which was first released for the 1972 Olympics in Munich. To do so, the company enlisted model Bella Hadid […]
South Korea boosts propaganda loudspeaker broadcasts at border after North Korea flies more balloons
SEOUL, South Korea — South Korea said Sunday it would step up anti-Pyongyang propaganda broadcasts across the tense border with North Korea after North Korea launched more balloons possibly loaded with garbage into the South. The Cold War-style psychological battle between North and South Korea has further escalated already high tensions on the Korean peninsula, […]
Standard Chartered boosts private bank team with 14 new hires By Reuters – Investing.com
HONG KONG (Reuters) – Standard Chartered Bank (OTC:) has hired a dozen new bankers for its private banking divisions in Singapore, Hong Kong and the United Arab Emirates as it seeks to expand its wealthy business, the bank said on Thursday. The hires also include Nicholas Cheng, who joined as head of the private markets […]
Bitcoin Hits $60,000 as Trump Shooting Boosts Re-Election Odds – Yahoo Finance
(Bloomberg) — Bitcoin rose above $60,000 on speculation that Donald Trump’s defiant response to an assassination attempt improved his chances of winning the presidential election. Most read articles on Bloomberg The former president, a self-described pro-cryptocurrency advocate, said he was shot in his right ear during gunfire at his political rally in Pennsylvania on Saturday. […]
Dow Jones Today: Big Tech Boosts Nasdaq to Record; Yields Slip After Jobs Report – Investopedia
Retail investors hold back on purchases ahead of earnings season 1 hour 4 minutes ago Individual investors are not increasing their investments ahead of the upcoming earnings season as they have in past quarters. “While investors typically become active ahead of earnings releases to try their luck with their favorite stocks, there are no signs […]
Blackstone boosts footprint at 345 Park Ave.
Blackstone’s impending deal to expand its global headquarters, Rudin Management, by 250,000 square feet at 345 Park Avenue, is a sign of strength on two playing fields: Park Avenue and the world. Blackstone, the powerful asset manager led by Stephen Schwarzman, is the world’s largest owner of commercial real estate. Continued expansion in the face […]