According to informed sources, Christine Lagarde took the opportunity of a meeting of senior officials of the Group of Seven to question the optimism of Finance Minister Scott Bessent that the economic impact of a war with Iran would be short-lived. According to people familiar with the matter, Bessant downplayed the damage caused by weeks […]
The United Arab Emirates’ sudden announcement of its withdrawal from OPEC caught its partners, with whom it has cooperated for six decades, off guard. Now, OPEC will have to strive to maintain its influence in the rapidly changing global oil market. On Tuesday, officials from other member states were shocked as the long-standing tensions between […]
Wall Street strategists say that the Federal Reserve led by Kevin Warsh could push the $31 trillion US Treasury market out of its narrow trading range, urging investors to prepare for short-term yields to eventually fall. On Monday, US Treasury yields rose by 2 to 3 basis points, on track to record the narrowest monthly […]
When asked about the intense competition in the financial industry, JPMorgan Chase CEO Jamie Dimon said he was beginning to see similarities to the era before the 2008 financial crisis, when a lending boom ended in a disastrous outcome. “Unfortunately, we saw similar situations in 2005, 2006 and 2007 – when the tide rose, everyone […]
The appeal of arbitrage trading is reviving among investors such as DoubleLine Capital and VanEck Associates. The stabilization of the market after the ceasefire in the Middle East has strengthened investors’ risk appetite. Arbitrage trading refers to a trading strategy where funds are borrowed in a currency with a low interest rate and then invested […]
Tesla is expected to spend billions of dollars more this year to support Elon Musk’s ambition to transform the electric vehicle pioneer into an artificial intelligence and robotics company. The company disclosed on Wednesday that its capital expenditure this year will exceed $25 billion, approximately three times that of last year. This investment plan is […]
Cryptocurrency billionaire Justin Sun and his company have sued World Liberty Financial, a cryptocurrency project co-founded by US President Donald Trump, accusing the company of extortion and carrying out an “illegal scheme” to seize his tokens. In the lawsuit filed by Sun Yuchen in the federal court of San Francisco on Tuesday, he also claimed […]
In just a few months, Google’s artificial intelligence chips have become one of the hottest products in the tech industry. Leading AI developers, including some of Google’s biggest rivals, are snapping up these chips in large quantities. Now, Google, a subsidiary of Alphabet Inc., plans to take advantage of the momentum and launch a new […]
A few weeks ago, analysts at UBS Group painted the worst-case scenario for defaults in the private credit space. Now, their outlook is even more pessimistic. Strategists including Matthew Mish now say that the default rate on private credit could soar to 15%, two percentage points higher than the forecast the firm issued less than […]
Banks such as Deutsche Bank and Wells Fargo have announced that the war-driven safe-haven rally of the US dollar may have come to an end as the fragile ceasefire agreement between the United States and Iran has prompted investors to seek riskier assets. Banks believe it is time to short the US dollar, and global […]