Treasury yields sink as stimulus stalemate continues
Yields retreated on Monday as CNN reported Sunday that House Speaker Nancy Pelosi said she had sent over a list of remaining concerns on the stimulus deal to the White … Read More
Category: Markets
Big Oil Loses Refining Crutch With Margins Crushed Last Quarter
Six months on from crude’s era-defining price crash and Big Oil is suffering from whiplash. Prices may have stabilized around $40 a barrel as OPEC+ curbed supply, but as the … Read More
Brexit, Covid and Climate Colluding to Raise U.K. Food Prices
Supermarket prices in Britain could start increasing in coming months as food supplies get pummeled by a triple whammy of Brexit, Covid-19 and weather-struck harvests. The U.K. is just 10 … Read More
Police Deployed to Halt Looting Across Nigeria After Protests
In this article Nigeria will deploy more police forces across several states to halt the looting of businesses and food warehouses following weeks of massive demonstrations. Police inspector general Mohammed … Read More
'The road to financial implosion': A notorious market bear says the Fed has set the stage for a 67% stock plunge — and warns of zero-to-negative returns over the next 12 years
John Hussman, the outspoken investor and former professor who's long been predicting a stock-market collapse, thinks the Federal Reserve has sown the seeds for a "financial implosion." He highlights rampant … Read More
How this Spanish hedge fund manager went from elite tennis to wooing SoftBank's COO as an investor
Pedro Escudero is the CEO of DPM Capital, a New York-based hedge fund. It has $217 million in assets under management and is backed by SoftBank COO Marcelo Claure. Escudero … Read More
Transnet Reports $617 million of Irregular Spending
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter Transnet SOC Ltd. reported 10 billion rand ($617 million) of irregular expenditure in the last fiscal year, … Read More
10-year Treasury yield at four-month high on stimulus hopes
The yield on the benchmark 10-year Treasury note rose to 0.8564% by 04:30 a.m. ET, while the yield on the 30-year Treasury bond rose to 1.6749%. Yields move inversely to … Read More
Growth Stock Rally Leaves Even More Room For Disappointment
As Netflix Inc. shareholders found out to their dismay this week, lofty global growth stock valuations can come back to bite, when a company’s outlook isn’t bullish enough to back … Read More
Paul Tudor Jones says he likes bitcoin even more now, rally still in the 'first inning'
Paul Tudor Jones said bitcoin's rally is just in the "first inning" and the cryptocurrency is the best inflation hedge. The longtime trader believes the unprecedented quantitative easing from the … Read More