businessinsider.com
Investors in Cathie Wood’s ARK ETFs are starting to increase the pace of outflows after a string of bad bets and a painful three-year decline.The family of ARK ETFs has seen a net outflow of $2.2 billion this year, which is about triple the $760 million in outflows seen in all of 2023.The ARK ETFs’ combined assets under management stand at $11.1 billion, down 81% from its peak AUM of $59 billion in 2021.The sharp decline in assets under management coincides with a painful three-year period for W…
4 days ago
businessinsider.com
If the Federal Reserve wants to lower inflation back to its long-term target of 2%, it needs to start cutting interest rates, according to JPMorgan strategist Jack Manley.That thinking flies in the face of conventional economic wisdom, which says higher interest rates help combat inflation by lowering aggregate demand, and vice versa.However, according to Manley, rising shelter costs, which have been a key driver of inflation in this current economic cycle, would actually reverse lower if the Fe…
17 days ago
businessinsider.com
America’s hottest housing market will see more price gains over the course of the next few years, according to Capital Economics.The research firm said in a note on Monday that America’s southern housing market is poised to see continued strength thanks to two big trends: strong employment and relative affordability.“We think markets in the south will continue to lead the pack, supported by still-reasonable house prices and high levels of inward migration thanks to their thriving job markets,” C…
about 1 month ago
businessinsider.com
US stocks jumped on Monday, led by the technology sector, as investors await Nvidia’s big AI conference.Nvidia’s GTC, the annual conference centered on artificial intelligence, will kick off on Monday with a keynote presentation from Nvidia CEO Jensen Huang.Huang is expected to give an update on the future of AI technologies, as well as unveil some of the company’s new GPU products like the B100, its successor to the wildly popular H100. Shares of Nvidia jumped about 3% in early Monday trades.F…
about 1 month ago
businessinsider.com
The Federal Reserve isn’t going to cut interest rates anytime soon as investors continue to overweight the potential for a soft landing in the economy, according to a Wednesday note from Macquarie.“We tend to believe that rate cuts aren’t imminent. The Fed has first to move to a neutral policy bias, then to an easing bias, before cutting the policy rate,” Macquarie said.Investors likely turned too dovish towards the potential for interest rate cuts in 2024, and now they’re starting to sober up.…
4 months ago
businessinsider.com
The US economy defied calls for a recession in 2023, and it’s looking like it’ll keep going strong in 2024. According to the former president of the Dallas Federal Reserve, Robert Kaplan, it’s not akin to “believing in Santa Claus” to say the American economy can keep roaring throughout the coming year. “I think there is a good possibility that we won’t have a recession in 2024,” Kaplan said in an interview with CNBC on Tuesday. “The big reason why I think the economy is going to surprise with i…
4 months ago
markets.businessinsider.com
The 10-year Treasury yield hit the highest level since 2008 on Thursday, touching 4.30%, a huge jump from this year’s trough of 3.68% notched in April. Rising yields have dented the stock market’s stellar 2023 rally, confounding and frustrating markets that see an end in sight to the Federal Reserve’s rate hiking campaign amid dwindling inflation. So with prices cooling and the Fed likely to stop raising rates this year, why are yields marching ever higher?The first reason is the simplest. The e…
8 months ago
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Americans are relying on their credit card more and more to fuel a steady increase in consumer spending, according to data from the Federal Reserve Bank of New York.Consumer credit card debt increased 4.6% in the second-quarter to a record $1.03 trillion, compared to $986 billion in the first quarter. “Credit card balances saw brisk growth in the second quarter,” the New York Fed’s Joelle Scally said in a Wednesday press release. The New York Fed also said total household debt increased to $17.0…
9 months ago
markets.businessinsider.com
At current prices, buying into the trust is comparable to buying bitcoin at
about $11,000 versus the $16,000 the actual token is trading for.
over 1 year ago
markets.businessinsider.com
At this point, any ships loaded with Russian oil in the Baltics won’t make it to
China or India in time before sanctions kick in, Bloomberg reported.
over 1 year ago
africa.businessinsider.com
US stocks dropped on Friday after a sell-off a day earlier the brought the S&P
500 to a 2022 low
over 1 year ago
businessinsider.com
Investors have been hanging on the Fed’s every word, but Morgan Stanley’s investment chief says markets need to pay attention to other factors.
over 1 year ago
businessinsider.com
July’s inflation reading just hit and it was mercifully lighter than June’s figure, but still uncomfortably elevated.
over 1 year ago
businessinsider.com
The July jobs report will be an important barometer of economic strength as
inflation continues to rage and recession warnings pile up.
over 1 year ago
africa.businessinsider.com
US stocks closed lower to start the week, losing steam after last weeks modest
rally
almost 2 years ago
businessinsider.com
The biggest story in markets right now is the big sell-off in stocks — and we’re
looking at how much further one firm thinks it has to go.
almost 2 years ago
businessinsider.com
Stagflation fears are brewing, but this time it might be different. This and more, in today’s edition of the opening bell newsletter.
almost 2 years ago
markets.businessinsider.com
The cost of a key building material is tumbling. This and more, in today’s
edition of the opening bell newsletter.
almost 2 years ago
markets.businessinsider.com
China’s top real estate billionaires saw their fortunes slashed in 2021, with
some losing their billionaire status altogether, Bloomberg reported.
over 2 years ago
markets.businessinsider.com
Brian Shevland said he had been in the running for a board seat and that he was
an integral part of the deal to take Trump’s media firm public.
over 2 years ago
markets.businessinsider.com
CEO John Foley’s net worth was slashed to around $850 million during Friday’s
dramatic sell-off following a disappointing earnings report.
over 2 years ago
