Over the long run, Wall Street has proven to be a bona fide wealth creator. Although other asset classes, such as bonds and housing, have made investors richer, nothing else comes remotely close to the average annual return that stocks have delivered for more than a century. Right now, Wall Street is enjoying yet another […]
Joe Tsai, Co-Founder of Alibaba, Says That There’s A ‘Wealth Effect’ From Property Downturn Alibaba co-founder Joe Tsai said that he’s noticed that a wealth effect from a property downturn tends to make consumers more hesitant to spend their money — here’s why. In an interview with Norges Bank Investment Management, Tsai spoke about all […]
Jamie Dimon, CEO of JPMorgan Chase, in Washington D.C. in 2022.Tom Williams/CQ-Roll Call, Inc via Getty Images Markets are “too happy” right now, JPMorgan CEO Jamie Dimon told reporters in a post-earnings call. He said investors are underestimating the potential for bad economic outcomes. His comments coincided with JPMorgan’s release of record-beating first-quarter earnings. Investors […]
BI MicroStrategy’s use of leverage to build its bitcoin trove could deepen a downturn, JPMorgan said. Microstrategy wants to acquire as much bitcoin as possible, founder Michael Saylor has said. Mike Novogratz has warned that too much leverage fueling the bitcoin rally could spark a pullback. While bitcoin has been smashing to new record highs, […]
(Bloomberg) — Baidu Inc.’s revenue rose 6% after its ChatGPT-style service began to augment advertising sales, helping the Chinese AI leader weather a severe economic downturn. Most Read from Bloomberg The company reported sales of nearly 35 billion yuan ($4.9 billion) for the three months ended December, broadly in line with analysts’ projections. Net income […]
The past few months, as stock prices have primarily marched higher, have felt great. However, the emotions of investing can also trap investors and shorten memories. It wasn’t that long ago that the mood on Wall Street was doom and gloom. It’s easy to forget just how volatile Wall Street can be. Generally speaking, the […]
As China grapples with the fallout from a $7 trillion stock decline, officials are gearing up to brief President Xi Jinping on measures to stabilize the market. This move signifies Beijing’s urgency to restore investor confidence and halt the market’s slide, which has erased a significant value from Hong Kong and China equities since their […]
2023 was a year of recovery after an economic downturn in 2022 triggered a dramatic sell-off that saw the Nasdaq Composite plunge 33%. The challenging period highlighted vulnerabilities in many companies’ business models as they suffered repeated revenue declines. However, macroeconomic headwinds also showcased the strength of companies that successfully navigated the market downturn. In […]
Bloomberg A downturn is coming, and investors should eye three sectors that have priced it in, Binky Chadha told CNBC. Consumer cyclicals, financials, and materials have priced in a potential recession, the Deutsche Bank stock strategist said. “If a lot’s already priced in, then if it happens, the risk-reward is still positive. “ Some sectors […]