Zell Warns that an Interest Rate Cut Would Bring ‘Disaster’
Billionaire investor says dollar’s status could be weakened.
Market Moves
In Worsened Trade War, Goods Makers Will Hurt More, Says Goldman Sachs
Service providers like Google will best manufacturers such as Apple, firm figures.
Gundlach Slams Fed for Putting Brakes on Rate Hikes
Celebrated bond investor decries ballooning federal debt, doubts GDP growth is as good as reported.
No Universal Health Care, but Pharma Should Beware, Says Hedge Star
Glenview’s Larry Robbins sees real danger in drug-price regulation, but doubts Medicare for All can happen politically.
Apollo Is Converting to C Corp Structure
By moving from a partnership setup, the PE firm expects its stock will be bought by indexes and mutual funds.
Ken Griffin Slams Socialism and Government Spending
Hedge fund chief, a GOP donor, points to Venezuela to prove case.
Add Carl Icahn to the List Opposing MMT
Billionaire activist investor joins Buffett and Powell in criticizing loose-spending plan.
That Nifty 3.2% GDP Surge Doesn’t Impress Morgan Stanley
Firm’s economists think the pace will slow to 1.1% in the current quarter.
A US-China Pact Would Boost Commodities, Citi Says
Recovery in raw materials should persist if an expected end to the trade tiff comes.
GDP Forecasts for 2nd Quarter Show Deceleration
But latest estimates indicate slight improvement from previous calls.
Yes, Oil Prices Are Back, but Maybe They Have Plateaued
Expanding stockpiles and surging shale pumping may put upper limit on petrol reprise.
Too Bad, Trump: Looks Like the Fed Won’t Lower Rates
Despite political pressure to reduce them, the central bank seems tilted toward eventual hikes.
Hedge Funds Turn Around, With Good First Quarter
Rebound comes after a bruising 2018, as health care and emerging markets do well.
Greenspan Says Expanding Entitlements Will Squelch Economic Growth
Former Federal Reserve chief warns that huge obligations will crowd out needed capital spending.
Investors Bailed Out of Stock in 2018 and Got Double-Slammed
The average investor fled from the stock market and ended up losing twice what the S&P 500 did, Dalbar says.