Two Newly Hatched EV Makers, Rivian and Lucid, Surge to Ford and GM’s Level
They exceed or nudge close to the legacy automakers’ market caps. Shades of Tesla.
Risk
CalPERS Board Votes to Increase Portfolio Leverage, Maintain 6.8% Discount Rate
The move is indicative of increasing risk-taking among pension funds across the country.
Siegel: Fed Will Hike Rates Soon, Slamming Stocks
The longtime market bull warns that inflation will bring tighter policy and end the equities party.
Bubble, Bubble: How Bad Will the Bull Market’s Demise Be?
With the market at a record, thoughts of the abyss are rife. Richard Bernstein lays out this dreary view.
How Can Pensions Best Protect Against Cybersecurity Threats?
Some funds make costly mistakes when it comes to internet security.
Wall Street Job Losses Surge Despite Profits Near Record Highs
The securities industry workforce in New York City is expected to decline by nearly 50% more than it did in 2020.
Are Electric Vehicles Meme Stocks or Long-Term ESG Investments?
The rental car company, Avis, recently saw a 207% stock price increase when its CEO mentioned it will buy more electric vehicles in the future.
Wood Dumps Zillow Stock After Loading up on It
She reverses course after zealously buying the dip on the housing info company’s shares.
Stocks Avoid Taper Tantrum This Time—and Did Before, Too
None of the shock that came with the Fed’s 2013 move has appeared. And, anyway, equities seem to have a special immunity to QE’s fate.
Why Inflation Might Not Be Temporary
Officials say inflation won’t last. But commodity prices show no signs of slowing down.
Worries Be Damned: Good Earnings Push Stocks Higher
S&P sets 60th record for 2021, amid relative strength warning.
Credit Suisse to Pay Nearly $500 Million to Settle Mozambican Bond Charges
The investment bank was charged with financial crimes involving kickbacks and bribes to government officials.
GDP Growth Slows Down Big Time; the Market Shrugs
As a third quarter economic deceleration was expected, the S&P 500 keeps on gaining.
Cathie Wood vs. Jack Dorsey: Deflation or Hyperinflation?
The disruption avatar takes on the Twitter founder over his Weimar-like projection.
Asset Managers Are Feeling Leery, BofA Survey Finds
The bank says its survey is the ‘least bullish’ since October 2020.