NEWNAN, Ga. (AP) — Backed by Donald Trump, Republican Brian Jack is trying to power his way to the nomination for an open Georgia congressional seat on the strength of his alignment with the former president and other national GOP figures. But opponent Mike Dugan is arguing that Jack’s Washington insider status is a liability, […]
(Reuters) – As Nvidia threatens to dethrone Microsoft as the world’s most valuable company, at least a few investors are betting its soaring shares will return to earth. Outstanding short bets against Nvidia stand at about $34 billion, nearly twice as much as what has been bet against Apple and Tesla, the next two biggest […]
A dive inside the Pershing Square portfolio shows Bill Ackman making a highly concentrated bet on six stocks, with simple and straightforward businesses like hotels and restaurant chains such as Chipotle Mexican Grill (CMG) among the top holdings. X Only one of the six holdings is a technology stock — Google-parent Alphabet (GOOGL). Ackman, the […]
(Bloomberg) — Asian stocks gained the most in a month on Monday, helped by a rally in technology shares and data showing regional manufacturing activity picking up the pace. Most Read from Bloomberg Equities in Australia, Japan and Hong Kong advanced, pushing the MSCI Asia Pacific Index to its biggest increase since early May. India’s […]
ALEXANDROPOULIS, Greece — When a withering financial crisis forced Greece to rethink its economy a decade ago, it bet big on green power. Since then, Greece’s energy transition has been so swift “it almost feels utopian,” one Greek environmentalist said. Mountainous ridgelines and arid islands are covered in wind turbines and solar panels that today […]
Traders work on the floor of the New York Stock Exchange.Spencer Platt/Getty Images Stocks staged a mild rebound after the core personal consumption expenditures index came in line with expectations. That leaves room for the Federal Reserve to cut this year. Interest rate cuts are also more likely, after the first-quarter GDP figures were revised […]
By Harry Robertson LONDON (Reuters) – Global bond markets face the biggest amount of net sovereign issuance so far this year in June, just as economic data throws rate cuts into doubt, testing investors’ so-far strong appetite for the debt. Net government bond supply is likely to rise to $340 billion for the United States, […]
By Arsheeya Bajwa (Reuters) – Wall Street is betting on a blowout quarterly report from Nvidia on Wednesday, with its stock near record highs as investors look for evidence that the AI chipmaker can maintain its explosive growth and stay ahead of rivals. The results will be the latest test for Wall Street’s picks-and-shovels trade […]
By Sherin Elizabeth Varghese (Reuters) – Gold prices hit an all-time high on Monday as a slowing U.S. inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut soon, while silver scaled a more than 11-year peak. Spot gold was up 0.9% at $2,436.76 per ounce, as of 0340 GMT […]
(Bloomberg) — Copper surged to its highest-ever level, extending a powerful, months-long rally driven by financial investors who’ve piled into the market in anticipation of deepening supply shortages. Most Read from Bloomberg Futures on the London Metal Exchange jumped more than 4% in early Monday trading, taking copper past $11,000 a ton for the first […]
By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched bearish stock bets early this week at some of the highest rates in three years as U.S. meme stocks rallied sharply, a Goldman note seen by Reuters on Friday showed. The note, published on Wednesday just before the rally faded, said hedge funds dropped positions on […]
(Bloomberg) — Venezuelan leader Nicolás Maduro is convinced he can win July’s presidential elections without resorting to fraud. Most Read from Bloomberg But, if he’s wrong, he also has backup plans to cling on to power, according to people who are in contact with the administration, who asked not to be identified discussing sensitive political […]