Newsfeeds Archive - Page 81 of 97

2 minute read

Ray Dalio Says UK Operating ‘Like An Emerging Country,’ Spending Plan ‘Suggests Incompetence’

September 28, 10:02 PM

The rout in the financial market resulting from the U.K. government’s spending plan “suggests incompetence,” billionaire investor and founder of Bridgewater Associates, Ray Dalio, said in a series of tweets.

FXB

2 minute read

Elon Musk’s Tesla Adds Airbnb Co-founder Joe Gebbia To Its Board: Here’s The Fine Print

By Bhavik Nair

September 28, 9:15 PM

Tesla Inc. (NASDAQ: TSLA) has added Airbnb Inc (NASDAQ: ABNB) co-founder Joe Gebbia to its Board of Directors with effect from September 25, the company said in a statement.

ABNB

1 minute read

Janet Yellen Says US Monitoring UK Developments, Both Countries Share Inflation Woes

By Bhavik Nair

September 28, 4:14 AM

U.S. Treasury Secretary Janet Yellen said the United States was monitoring developments in Britain after the government announced a fiscal program that dragged the pound to a record low against the dollar.

FXB

2 minute read

‘Big Short’ Investor Michael Burry Says This Could Be The Real Reason Yields Are Rising Despite Deflation Talks

By Bhavik Nair

September 28, 12:17 AM

"Big Short" investor Michael Burry has pointed out in his now-deleted tweet that rising yields across the curve despite a widespread prediction that deflation could be on the cards is likely a function of quantitative tightening.

AGG

2 minute read

Asian Bloodbath Continues: Alibaba, XPeng Shed 2%, Yuan Hits Weakest Levels Since 2008

By Bhavik Nair

September 27, 10:50 PM

Hong Kong shares opened lower on Wednesday, with the benchmark Hang Seng slipping 2.5%, taking cues from the S&P 500 which fell deeper into the bear territory after hitting a near two-year low. The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar on Wednesday.

BABA

2 minute read

Larry Summers ‘Glad’ IMF Recognizes ‘Gravity’ Of British Situation: Here’s His Take On Inflation

By Bhavik Nair

September 27, 10:09 PM

Former Treasury Secretary Lawrence H. Summers has expressed his delight at the International Monetary Fund urging the United Kingdom to re-evaluate its unprecedented tax cuts.

FXB

2 minute read

News
Tech

Ford Revamps F-Series Super Duty Pickup Trucks With New Design, 5G Connectivity: Here’s When It Will Be Released

By Bhavik Nair

September 27, 9:17 PM

Ford Motor Company (NYSE: F) on Tuesday unveiled its new 2023 F-Series Super Duty lineup of pickup trucks and chassis cabs that will cater to essential commercial industries.

1 minute read

Netflix Deepens Gaming Foray With Dedicated Finland Studio: What You Should Know

By Bhavik Nair

September 27, 6:03 AM

Streaming giant Netflix Inc (NASDAQ: NFLX) said it is establishing an internal games studio in Helsinki, the capital city of Finland, with Marko Lastikka as the studio director.

NFLX

2 minute read

British Pound Weakness Far From Over? Options Market Positions Indicate Currency Will Fall To $1 Or Below

By Bhavik Nair

September 27, 12:21 AM

After the British pound tumbled to its record low on Monday following the U.K.

FXB

2 minute read

Alibaba, JD, Nio Mixed: Hang Seng Muted As Investors Await Cues, Gloomy World Bank Forecast For China Weighs

By Bhavik Nair

September 26, 10:55 PM

Hong Kong stocks opened mixed on Tuesday, with the benchmark Hang Seng Index edging 0.05% lower and investors searching for cues, as global markets continued to bleed in the aftermath of the U.S. Federal Reserve’s aggressive rate hike and projections.

BABA