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Business, Stocks

“China Hedge Funds in Crisis After Losses, US Investor Retreat”

“…The number of active China-focused hedge funds has slipped for the first time since at least 2012, with only five new funds launched this year as of June, according to data from Preqin Ltd. Another 18 funds were liquidated, the… Continue Reading…

Economy

“Legendary investor Jeremy Grantham says the stock market has a 70% chance of crashing—and it could be an epic burst like the 1929 crisis”

“A legendary investor whose expertise lies in major stock crashes says the market is heading towards a burst bubble, akin to the crises seen in 1929 and 2000… Grantham, estimated to be worth $1 billion himself, previously estimated an 85% likelihood… Continue Reading…

Economy, Stocks

“Zimbabwe’s stock market is up 800% this year as investors seek shelter from blistering 176% inflation rate”

“ … But in a country that’s seen its share of economic crises, there’s little reason to cheer. Local investors have piled into stocks in the hope of protecting the value of their cash as inflation hit 176% in June.… Continue Reading…

Economy

“There’s a record $5.3 trillion is cash on the sidelines as investors get more bearish on stocks. Here’s why that could mean big gains ahead.”

“… Investors are hoarding cash at record levels and there’s no sign of the trend reversing amid high interest rates and depressed investor sentiment towards the stock market. Money market fund assets have ballooned to a record $5.3 trillion, with… Continue Reading…

Banking, Economy

“Federal Reserve expected to raise interest rates 0.25%, investors debate next steps”

“The Federal Reserve will kick off its latest two-day policy meeting on Tuesday with officials expected to announce a 0.25% increase in its benchmark interest rate on Wednesday, a move many believe could be the final rate hike of the… Continue Reading…

Economy, Stocks

“‘Big Short’ Investor Congratulates Market Dip Buyers. ‘I Was Wrong to Say Sell.’”

““Big Short” investor Michael Burry admitted Thursday that his bearish warning about the stock market earlier this year has so far been proven wrong by traders lining up to buy the dip. Burry is best known for his bet against… Continue Reading…

Business

“Billionaire investment guru Warren Buffett issues stark inflation warning: ‘Fiscal deficits have consequences’ – after rate rose to 5.4% and Wall Street saw its worst week of 2023”

“Billionaire investor Warren Buffett sent out a clear warning to his shareholders as the Fed‘s inflation measure jumped to 5.4 percent over the last month. In his much acclaimed annual letter to Berkshire Hathaway shareholders, Buffett, 92, warned that ‘huge and entrenched… Continue Reading…

Business

“SpaceX raising $750 million at a $137 billion valuation, investors include Andreessen-Horowitz”

“Elon Musk’s re-usable rocket maker and satellite internet company, SpaceX, is raising $750 million in a new round of funding that values the company at $137 billion, according to correspondence obtained by CNBC. Last month, Bloomberg first reported that SpaceX was allowing… Continue Reading…

Cryptocurrencies

“FTX investors fear their money is lost as crypto company collapses”

“Since 1990, the Ontario Teachers Pension Plan has managed hundreds of billions of dollars in assets for nearly 200,000 education workers, holding stakes in traditional investments from airports to shopping centers. The Canadian pension fund is just one of many… Continue Reading…

Economy

“BofA Says Cash Is King as Investor Pessimism Hits 2008-Era High”

“Investors are flocking to cash and shunning almost every other asset class as they turn the most pessimistic since the global financial crisis, according to Bank of America Corp. strategists. Cash had inflows of $30.3 billion, while global equity funds… Continue Reading…