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BI Prime Markets 2020-05-24T10:05:00Z
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The world's biggest investors are notoriously skeptical of the stock market's bet for a quick economic recovery — and warning that the 'fantasy' rally will soon come crashing down

These legends have lived through multiple stock-market crashes. Now they're sounding the alarm at the risky behavior they're seeing right now.
BI Prime Markets 2020-05-18T16:37:00Z
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GOLDMAN SACHS: Buy these 21 cheap under-the-radar stocks that offer market-beating growth potential right now

One of Wall Street's top banks recommended 21 stock picks that offer above-average growth at extremely reasonable prices.
BI Prime Markets 2020-05-23T10:05:00Z
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'Likely to be excruciating': A notorious stock bear says investor reliance on Fed money-printing is misguided — and warns of more than 50% crash from current levels

"The Fed has encouraged a maladaptive confidence that risk does not exist," said renowned market bear John Hussman.
Markets 2020-05-24T16:30:00Z

UBS lays out market strategies for all 3 economic-reopening scenarios, from a successful recovery to a COVID-19 resurgence

If the US economic rebound fails, gold and inflation-protected Treasurys offer investors safety amid a prolonged recession, the bank said.
Opinion 2020-05-24T13:14:00Z

Americans households are about to get hit by a devastating wave of bankruptcies

As unemployment soars, so do bankruptcies. Unless creditors and Congress do something to help, it could be terrible for the US economy.
Opinion 2020-05-24T12:23:00Z

The GOP threats to end the pandemic boost to unemployment checks would cause a disaster for the US economy

The boost to unemployment insurance is scheduled to run out at the end of July. Republicans are threatening to let it expire. That'd be a mistake.
Markets 2020-05-24T11:33:00Z

Warren Buffett bought 3,500 tons of silver in 1997. The purchase helped make Thomas Kaplan a billionaire.

"It became public that he had done this the week when I was taking my silver company public," Kaplan said. "That changed everything."
Markets 2020-05-24T11:29:00Z

These 5 charts show how the coronavirus crisis has dwarfed the Great Recession in just 2 months

"It just goes to show you how quickly the current crisis has evolved and how deep it is," said Daniel Zhao, an economist at Glassdoor.
BI Prime Finance 2020-05-23T15:41:00Z

Investors are clamoring for pandemic bonds. Here's how Wall Street banks are responding.

Wall Street is betting the enthusiasm for bonds that finance social projects will increase over the long haul as a result of the coronavirus outbreak.
BI Prime Finance 2020-05-23T14:29:00Z

UBS is pitching more 'blank-check' companies to rich clients and family offices —?and it's a big shift from how SPACs traditionally raise money

Jeff Mortara, head of ECM origination at UBS, told Business Insider why the Swiss bank is so bullish on blank-check companies being a good investment.
Markets 2020-05-23T13:55:00Z

Shopify's stock has exploded 140% in the last two months making it briefly the biggest company in Canada. Here is why analysts think it won't get any bigger.

Shopify posted sales of $470 million in the first quarter of the year, a growth of 47% compared to last quarter.
Opinion 2020-05-23T13:06:00Z

Shortages of key goods during the coronavirus pandemic revealed America's dangerous dependence on foreign countries.

The pandemic exposed the dangers of US companies relying on global suppliers. Congress needs to address the problem before the threat gets worse.
BI Prime Finance 2020-05-23T12:52:00Z

POWER BROKERS OF DISTRESSED CREDIT: Meet 11 Wall Street stars trading busted bonds, bankruptcy claims, and other fire-sale securities

Wall Street distressed desks have unique styles and strategies. They're all poised to surge thanks to a wave of corporate defaults and bankruptcies.
Markets 2020-05-23T12:06:00Z

'You did me a great favor': Billionaire investor Thomas Kaplan personally thanked Warren Buffett for buying 3,500 tons of silver

Buffett's unusual purchase removed the stigma around the metal, enabling Kaplan to take his mining company public .
Markets 2020-05-23T12:05:00Z

'Big Short' investor Michael Burry added these 5 new stocks to his portfolio in the first quarter

Burry's hedge fund, Scion Asset Management, had $387 million in assets under management as of March 31, and its biggest investment was Gamestop.
Transportation 2020-05-23T02:14:00Z

Hertz files for bankruptcy as the coronavirus pandemic crushes the car-rental industry

The car-rental giant became one of the first major corporate casualties of the economic fallout from COVID-19 after entering Chapter 11 proceedings.
Markets 2020-05-22T20:06:01Z

Dow posts best week since early April as investors look to economic reopening

The US stock market has largely traded at the whim of economic-reopening optimism, but renewed tensions with China also dictating trading on Friday.
BI Prime Markets 2020-05-22T18:36:00Z

Michael Gayed's fund relied on just one market signal to book a huge profit when the coronavirus crushed stocks — and his returns are still soaring. He breaks down his simple approach to crisis investing.

Fund manager Michael Gayed made two dramatic market calls in 2020, going from offense to defense and back at the right time to deliver huge returns.
Opinion 2020-05-22T18:00:00Z

Facebook's remote-working plan is doomed

Facebook wants more people to work from home, but there are too many career advantages for workers to give up on the office.
Markets 2020-05-22T17:51:00Z

Dow falls 100 points amid signs of a sluggish economic recovery in China

China's government did not set an annual economic target for the nation for the first time in decades amid the coronavirus pandemic.
Finance 2020-05-22T17:43:00Z

Power Line: Shady solar ads — Oil's swift recovery — Pro-tips for energy investing

This week in Power Line, our weekly energy newsletter, we report on misleading solar ads, explain oil's rally, and share one important investing tip.
Markets 2020-05-22T17:36:10Z

A wildly popular oil ETF has been cut off by its broker from buying futures, limiting its ability to meet its investment objective

The restrictions from RBC are impairing USO's ability to meet its investment objective, which is to track the spot price of crude oil.
Markets 2020-05-22T17:24:00Z

Moderna climbs 5% as Fauci calls its early COVID-19 vaccine data 'quite promising'

"Having looked at the data myself, it is really quite promising," Dr. Anthony Fauci said about Moderna's COVID-19 vaccine candidate.
Markets 2020-05-22T17:19:00Z

Billionaire investor Bill Ackman pitched Elon Musk to move Tesla's HQ to a Howard Hughes community. Here's why.

Ackman tweeted that Musk was a "visionary American" like Howard Hughes, and asked him to consider the developer's communities in Texas and Nevada.
Markets 2020-05-22T16:39:21Z

Hedge funds are piling into healthcare stocks at record levels, Goldman Sachs says

The rotation was primarily fueled by soaring interest in biotech names and strong crowding within hedge fund portfolios, the bank said.
Markets 2020-05-22T16:05:31Z

George Soros says Europe should tap up an obscure bond used during the Napoleonic Wars to save itself from a coronavirus depression

Consols, also known as perpetual bonds, were used by the US in the 1870s and by the UK during the First World War.
Markets 2020-05-22T16:04:32Z

These are the 6 reasons stocks are 'divorced from reality,' according to BofA

"Government and corporate bond prices have been fixed by central banks ... Why would anyone expect stocks to price rationally?" the firm said.

Joe Biden promises he won't raise taxes for people earning under $400,000 if elected

Biden is seeking implement new taxes on wealthy individuals and corporations, including a rollback of the Trump tax cuts.
Markets 2020-05-22T14:42:57Z

Banks may not be profitable until 2025 even as major economies recover, new IMF report says

The tools banks used to boost earnings are losing their effectiveness, the IMF said, which could prompt firms to take new risks for profitability.
Markets 2020-05-22T14:05:46Z

WeWork could falter as costs spiral and social distancing hits offices, the boss of a rival real-estate group said

However, flexible leases, ready-to-go spaces, and "beer kegs and ping-pong tables" may be widely adopted, Vornado's CEO said.
Markets 2020-05-22T13:12:49Z

Billionaire investor Marc Lasry says the market isn't pricing in a recession that will last 'for a while'

"It's going to be a hard couple years" as unemployment lingers and an economic rebound fails to get off the ground, Lasry said on Thursday.
Finance 2020-05-22T12:57:00Z

From stay-at-home dealmaking to virtual internships, here's how Wall Street is transforming

After the remote transition, some Wall Street firms are already considering how coronavirus could permanently transform the way they work.
Markets 2020-05-22T12:36:30Z

Oil slips 9% as China's economic recovery looks shakier than hoped

China didn't set a target for 2020 annual growth this year, the first time in decades the country has forgone the practice.
BI Prime Markets 2020-05-22T12:20:00Z
Markets 2020-05-22T12:20:00Z

Global stocks dive after China sets up a fresh showdown with Trump and shocks investors by announcing a new Hong Kong security law

China's ruling Communist Party has tabled a motion to ban "treason, secession, sedition and subversion," which could challenge Hong Kong law.
BI Prime Finance 2020-05-22T12:06:00Z

When big-name hedge-fund managers like Cliff Asness feud with the Twitter masses, major investors notice. Here are the behaviors that could cost them billions.

"I don't hold someone's social media accounts against them" unless they're being "abusive to people online," said one hedge-fund allocator.
Markets 2020-05-22T12:05:00Z

China ditches its annual growth target for the first time as the coronavirus hammers the world's 2nd-largest economy

Chinese Premier Li Keqiang also pledged to impose controversial new national-security laws for Hong Kong and Macau through "enforcement mechanisms."
News 2020-05-22T06:42:55Z

US billionaires got $434 billion richer during the pandemic, according to report

According to a new report, the roughly 600 US billionaires have seen their wealth grow from $2.948 trillion to $3.382 trillion since March 19.
Markets 2020-05-21T19:03:00Z

Treasury Secretary Mnuchin sees 'strong likelihood' that further stimulus is needed as Senate spars over new bill

While House Democrats have passed a new $3 trillion stimulus measure, Senate Republicans refuse to consider its unemployment benefit expansion.
BI Prime Markets 2020-05-21T18:53:00Z

These 11 stocks loved by hedge funds have beaten the market during both the coronavirus collapse and its subsequent recovery, RBC says

RBC equity strategist Lori Calvasina finds that for hedge funds, the best defense today is a good offense.
Markets 2020-05-21T18:44:00Z

Bank of America lays out a bullish scenario where US stocks surge 14% over the next year

A return to 2019 fund allocations could drive $1 trillion back into stocks and send equity prices soaring, the bank's analysts said.
Markets 2020-05-21T18:10:20Z

TJX spikes 9% after reporting 'pent-up demand' from consumers as it begins to reopen its stores

Initial sales overall have been above last year's sales across all states and countries for more than 1,100 reopened stores, TJX said.
Opinion 2020-05-21T18:00:00Z

'Reopening' won't fix the economy. Beating the virus will.

Reopening restaurants and barber shops won't get the economy going again. Tackling the coronavirus public-health crisis will.
Markets 2020-05-21T17:56:41Z

America's largest mall is reportedly 2 months behind on a $1.4 billion loan

A filing showed that the borrower had notified the master servicer, Wells Fargo, of COVID-19 related hardships.
BI Prime Markets 2020-05-21T17:41:35Z
BI Prime Finance 2020-05-21T17:40:00Z

The founder of a $1 billion energy fund shares why buying on the dip is the wrong investment strategy in this oil price downturn

During the last oil price downturn, private investors poured billions into the oil industry but returns never materialized. This time is no different.
Markets 2020-05-21T17:12:24Z

BANK OF AMERICA: Stocks haven't been this attractive relative to bonds in 70 years, suggesting further gains are coming

The stars have aligned for more stock gains, Bank of America said. The firm said equities were the most attractively valued in decades versus bonds.
Transportation 2020-05-21T16:43:03Z

Tesla is like 'Apple 20 years ago,' Morgan Stanley says

There are plenty of Steve Jobs and Elon Musk parallels, according to Morgan Stanley's analysts who cover both companies.
Markets 2020-05-21T16:17:32Z

These 10 stocks were most frequently ditched by hedge funds in the first quarter, RBC says

"Most names have been weak in the stock market drawdown and recovery," Lori Calvasina of RBC Capital Markets wrote.
Markets 2020-05-21T16:00:36Z

JPMORGAN: These 5 stock- and bond-market risks could resurface as the government continues blockbuster stimulus efforts

The risks also arose during the financial crisis, JPMorgan said, but record deficits and a different policy tool kit escalate the bank's concerns.
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