Markets
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Goldman says that investors shouldn’t worry about interest rates at these levels
Traders on floor of the New York Stock Exchange. Source: New York Stock Exchange Rising bond yields that shook investors…
Read More » - ECONOMY
Fed’s Brainard Sets Out Reform Plan for Covid-Stressed Markets
(Bloomberg) — Federal Reserve Governor Lael Brainard described a broad regulatory reform agenda for the coming months aimed at fixing…
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Satellite data company Spire goes public via SPAC, adding to a growing list of public space plays
A Spire satellite pictured in orbit. Spire Global Small satellite builder and data specialist Spire Global is planning to go…
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‘There is no alternative’ — Stocks’ long-running ‘TINA’ advantage could be ending, worrying traders
The New York Stock Exchange (NYSE) stands in the Financial District in Manhattan on January 28, 2021 in New York…
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Big Oil’s Net-Zero Plans Show the Hard Limits of Carbon Offsets
If you can’t pay the interest on your debts, an IOU isn’t going to be enough to save you from…
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Private Equity Has $300 Billion War Chest for Covid-Hit Property
(Bloomberg) — Real-estate bosses at Blackstone Group Inc. quietly smiled when Britain’s biggest-selling tabloid unwittingly endorsed their largest European real…
Read More » - ECONOMY
U.K. Mortgage Approvals Ease as End of Tax Relief Approaches
(Bloomberg) — U.K. mortgage approvals dipped in January as the end of a tax cut on property purchases approached. Banks…
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Chinese Scientists Find New Strains of African Swine Fever Virus
Chinese scientists have discovered new strains of African swine fever that are milder but highly transmissible, complicating efforts to control…
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Wall Street Is Set to Learn How Tough Biden’s Watchdogs Will Be
(Bloomberg) — President Joe Biden’s plans for a new era of tough Wall Street oversight will take center stage this…
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A Property Boom Built on Invisible Slums
(Bloomberg Opinion) — A booming stock market at a time of pandemic recession and widening inequality is an unfortunate combination,…
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Warren Buffett’s latest letter: Multibillion-dollar ‘mistake’, bond investors’ bleak future, other key takeaways
Berkshire Hathaway earned $42.5 billion in 2020. Warren Buffett’s annual letters to Berkshire Hathaway’s shareholders are arguably read better than…
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Maintain ‘buy’ on GAIL with increased TP of Rs 173
Gas demand finally set to rise: Long-awaited commissioning of HURL fertiliser plants in Gorakhpur, Barauini, Sindhri, and Matix has started…
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Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year…
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Biden’s Hopes for Rare Earth Independence at Least a Decade Away
(Bloomberg) — Joe Biden’s ambition to make the U.S. less dependent on other nations for rare earths and minerals critical…
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From Chicago to Geneva, Bonds Blowing Up Captivated Everyone
(Bloomberg) — Thomas Costerg doesn’t usually go to bed with a computer, but he couldn’t help himself Thursday night after…
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Power Retailers Contest Exorbitant Energy Charges: Texas Update
(Bloomberg) — Texas lawmakers are grilling power executives, regulators and others for a second day about why the state’s energy…
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Art Cashin expects more stock pain as traders worry about Fed losing control of bond market
Longtime trader Art Cashin told CNBC on Friday that investors should brace themselves for a period of stock market volatility…
Read More » - Finance
Personal income leaps 10% in January thanks to stimulus, but inflation still in check
A fresh round of government stimulus checks sent personal income up to its biggest monthly gain since April 2020 though…
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Will the 2021 Earnings Bonanza Really Happen?
(Bloomberg Opinion) — Fourth-quarter earnings are just about over, which means investors can officially turn their attention to 2021, a…
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Sensex, Nifty tank most in nine months; will bond yields continue to push domestic markets lower?
S&P BSE Sensex fell as much as 2,100 points today, but recouped some losses on closing bell. (Image: REUTERS) Domestic…
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The Simplest Cookie Recipe From One of the World’s Best Chefs
(Bloomberg) — Editor’s Note: As more people are working from home, Bloomberg Pursuits is running a weekly Lunch Break column that highlights…
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Robinhood is still on track for a hot IPO despite the GameStop uproar
Omar Marques | LightRocket | Getty Images Robinhood’s user growth, brand recognition and valuation appear to be stronger than ever…
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Why Texas Broke: The Crisis That Sank the State Has No Easy Fix
(Bloomberg Businessweek) — The Houston skyline was lit pink for Valentine’s Day. It was cold—really cold, at least by the…
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Real Estate And Clean Tech Rise, Bilibili, Vipshop, And NetEase Report
Hong Kong istock Key News Asian equities rebounded overnight after the US market’s 180 reversal yesterday following Fed Chair Powell’s…
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Bond Rout Shows Risk of Uneven Recovery in World’s Top Economies
(Bloomberg) — The U.S. economy appears primed to recover from the Covid-19 slump much faster than others, causing havoc on…
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Cramer warns the GameStop surge has everybody unrealistically looking for stocks about to triple
CNBC’s Jim Cramer on Thursday questioned “are prices real” on Wall Street anymore, as he exasperatingly tried to explain GameStop‘s…
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Birkenstocks Are Following Dr. Martens All the Way to the Bank
(Bloomberg Opinion) — Comfy shoes have never been so hot. L Catterton, the private equity fund backed by LVMH Moet…
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British Airways Parent Posts $9 Billion Loss, Offers No Outlook
(Bloomberg) — British Airways parent IAG SA posted a 7.43 billion-euro ($9 billion) operating loss in 2020 and said it…
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Coinbase files for direct listing after revenue more than doubles in 2020
Cryptocurrency exchange Coinbase on Thursday filed to become a public company and revealed that its revenue more than doubled last…
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RailTel makes muted stock market debut; gains 11% over IPO price to list at Rs 104.6 apiece
Financially, the company has reported a growth in net profit from Rs 134 crore in the financial year 2018 to…
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Relativity Space unveils a reusable, 3D-printed rocket to compete with SpaceX’s Falcon 9
An artist’s illustration of the difference in size between the company’s Terran 1 rocket, to the left, and the planned…
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Why stock investors are starting to really worry about rising bond yields
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress”…
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Data firm that monitors Reddit says it saw GameStop mentions spiking days ago
Mentions of GameStop increased on Reddit days before shares of the video-game retailer took off again, according to Justin Zhen,…
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Tyagi highlights risks owing to disconnect between markets & economy
In the new normal, corporations allowed their employees to work from home, and meetings, including AGMs and virtual meetings, shifted…
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Stocks just got some new competition from bonds as 10-year rate tops dividend yield
Bonds have been shunned by many investors as rock-bottom rates made them unattractive relative to equities. On Thursday, the bond…
Read More » - ECONOMY
Inflation Is Uncontainable But Not Inevitable
(Bloomberg Opinion) — Otherwise intelligent people can be surprisingly wrong about economics. The latest example is the claim that current…
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Here’s why jobless claims are the wrong way to understand unemployment in the U.S.
The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000…
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Robinhood offers blistering retort to ‘elitist’ criticisms from Munger
Pavlo Gonchar | LightRocket | Getty Images Robinhood fired back at Berkshire Hathaway vice chairman Charlie Munger, who earlier this…
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Carlyle’s Rubenstein says biggest economic risk is high unemployment, not stock market speculation
David M. Rubenstein, Co-Founder & Co-Executive Chairman, The Carlyle Group. David A. Grogan | CNBC Carlyle Group co-founder David Rubenstein told CNBC…
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U.S. Companies Start to Flex Pricing Power in First Test for Fed
(Bloomberg) — U.S. consumer prices are headed higher -– at least according to the people who set them. Corporate leaders…
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Fed’s Digital Dollar Would Look Nothing Like Bitcoin
(Bloomberg Opinion) — Treasury Secretary Janet Yellen recently mentioned the idea of creating a so-called digital dollar — a new…
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Buffett’s Letter to Break Months of Silence Amid Tumult in U.S.
(Bloomberg) — While 2020 raged, Warren Buffett mostly held his tongue. He stayed quiet through a heated presidential election, a…
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Jobless claims show sharp drop last week though labor market remains challenged
Jobless claims fell sharply last week despite brutal winter storms that swept across Texas and other parts of the South,…
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GameStop shares surge in premarket as Reddit favorites rally again
Jakub Porzycki/NurPhoto via Getty Images Shares of GameStop climbed more than 70% in premarket trade on Thursday as heavily-shorted stocks…
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China Builders Soar on Land Rules Seen to Favor Big Players
(Bloomberg) — Shares of Chinese developers soared after at least two cities released new land sales rules that may benefit…
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The Fed May Need to Head Off a Money-Market Mess
(Bloomberg Opinion) — Investors are worried that a flood of cash could soon disrupt U.S. money markets, as the Treasury…
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Retail Brokerage Tells IPO-Hungry Clients: Buy Our Stock First
(Bloomberg) — A Kazakhstan-based broker is riding the twin wave of retail investing and the frenzy around U.S. stock listings…
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Interactive Brokers chair says financial system came ‘dangerously close’ to failure during GameStop mania
Interactive Brokers chairman Thomas Peterffy told CNBC Wednesday that the U.S. financial system faced greater stress during the GameStop trading frenzy than…
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Deal for Key Metal in EV Revolution Brought Bonanza for Newcomer
A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known…
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Gary Vaynerchuk says GameStop frenzy was just the beginning of investing in the digital age
CEO & Co-Founder Vaynermedia Gary Vaynerchuk speaks at the Brand U Event at Nasdaq MarketSite. Roy Rochlin | Getty Images…
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