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Will Daniel

Will Daniel

Fortune

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Inflation, China’s stumbling economy, and apocalyptic fear are driving a new gold boom. Investors think this time there’ll be no bust

Elko, Nev., site of the largest gold mine in the world, bears little resemblance to the gold rush town it once was.

21.11.2024 7

Fortune

Will Daniel

How the Communist Party quietly took over SVB’s China operation, according to a former CEO

"It was like they were having an affair with my wife, and they were giving me a reward for having picked her in the first place,” Ken Wilcox told...

20.10.2024 10

Fortune

Will Daniel

‘Chasing yield’ was an inside joke at SVB—until it led to the bank’s collapse

Back in 2011, some of the bank leaders were involved in running jokes about chasing yield—now they don't seem so funny.

13.10.2024 10

Fortune

Will Daniel

The economy is headed for a soft landing—but investors should still reduce risk, JPMorgan strategy chief says

Investors are "passively allowing risk to accumulate," JPMorgan Asset Management’s chief global strategist David Kelly told Business Insider.

07.10.2024 10

Fortune

Will Daniel

A ‘grand slam’ jobs report could shift the Fed’s rate cut plans

"They don’t really need to be in a rush right now,” Elyse Ausenbaugh, head of Investment Strategy at J.P. Morgan Wealth Management, told Fortune.

04.10.2024 10

Fortune

Will Daniel

California says ExxonMobil’s recycling program is broken—and the centerpiece of a ‘decades-long campaign of deception’

ExxonMobil alone produced 6 million tonnes of new single-use plastics in 2021, more than any of its competitors.

25.09.2024 10

Fortune

Will Daniel

BofA details clients’ 5 major economic fears—then knocks them all down

“​​For now, we think the broader macro data flow does not point to recession," Bank of America's economics team wrote Monday.

23.09.2024 8

Fortune

Will Daniel

A juicy rate cut and new evidence of a surprisingly resilient economy, Yardeni Research calls it ‘nirvana’

“The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune.

19.09.2024 9

Fortune

Will Daniel

Why are stocks down after a mega rate cut? Here’s what the experts think

“This is a Fed that believes they are behind the curve,” Robert Minter, director of ETF Investment Strategy at abrdn, told Fortune via email.

19.09.2024 40

Fortune

Will Daniel

Fed institutes mega interest-rate cut of 50 basis points as labor market cools

It's the first Fed rate cut since the COVID lockdown easing that began in March of 2020.

18.09.2024 5

Fortune

Will Daniel

Citi Wealth chief investment strategist shares predictions ahead of Fed rate cuts

“I think underlying economic conditions will be much more important to financial markets than the Fed's tactics at a particular moment,” Citi...

17.09.2024 9

Fortune

Will Daniel

Warren Buffett’s insurance guru Ajit Jain just sold more than half of his Berkshire stake

The famed deputy could be readying himself for tax rates to rise.

12.09.2024 7

Fortune

Will Daniel

Forget polls, the stock market is the most accurate predictor of presidential elections

Another key indicator is the Misery Index. And right now it’s leaning slightly in Harris’ favor.

11.09.2024 10

Fortune

Will Daniel

Warren Buffett says the stock market is increasingly ‘casino-like’—and young investors need to remember this ‘one fact of financial life’ to avoid the mess

“For whatever reasons, markets now exhibit far more casino-like behavior than they did when I was young,” Buffett wrote in his annual letter to...

10.09.2024 8

Fortune

Will Daniel

Bank of America CEO says we need to take action on the national debt now, while ‘we’re in relatively good times’

The national debt situation is so bleak it costs the federal government $3 billion per day just to pay the interest.

10.09.2024 8

Fortune

Will Daniel

Here’s why Nvidia’s aggressive sales tactics are in the DOJ’s crosshairs

"All of Nvidia's competitors have issued grievances with me. I'm not going to name them, but you can imagine who they might be," Moor Insights &...

05.09.2024 4

Fortune

Will Daniel

Warren Buffett’s Berkshire Hathaway dumped $6.2 billion in Bank of America stock in under 2 months

"I think implicitly...you can make the case that [Buffett] thinks that there aren't that many great opportunities," Madison Investments' Toyama said.

03.09.2024 10

Fortune

Will Daniel

Nvidia stock is sinking. Wall Street analysts say it’s still a buy

Despite concerns about margins and guidance, Wall Street is mostly convinced the 'AI revolution' is just getting started, and Nvidia remains a buy.

29.08.2024 7

Fortune

Will Daniel

Wall Street’s AI darling Super Micro postponed earnings while under short seller’s microscope

Hindenburg Research's 19,000 word short report accuses Super Micro of sanctions evasion and accounting manipulation.

28.08.2024 7

Fortune

Will Daniel

Fed chair’s ‘unmistakably dovish’ tone gives investors hope for a mega rate cut next month

“The time has come for policy to adjust,” Powell said in his Jackson Hole speech on Friday.

23.08.2024 8

Fortune

Will Daniel

Interest rate cuts are now all but guaranteed after dovish Fed meeting, experts say

"The Fed minutes removed all doubt about a September rate cut,” Jamie Cox, managing partner at Harris Financial Group, said.

21.08.2024 7

Fortune

Will Daniel

That huge negative revision to job growth frightened some investors but most experts aren’t worried

Yardeni Research’s Eric Wallerstein said the revision is “kind of a nothing burger.”

21.08.2024 9

Fortune

Will Daniel

Fed Chair Powell’s Jackson Hole speech just got a lot less predictable

The economic data is difficult to parse, and that means Powell’s speech has become correspondingly more difficult to foretell.

19.08.2024 6

Fortune

Will Daniel

August’s stock market fiasco is a ‘stark red flag’ for what’s to come, veteran hedge funder warns

“These whips are the market process. This is the market zigging in order to zag.” Universa Investments' Mark Spitznagel told Fortune.

18.08.2024 10

Fortune

Will Daniel

Trump’s tariffs could spark a trade war and an ‘inflation shock’ within a year, expert warns

Joachim Klement of Panmure Liberum warns inflation could surge 1.2 percentage points in the first year after Trump's tariff policies begin.

16.08.2024 5

Fortune

Will Daniel

‘Black Swan’ hedge funder warns a recession is coming this year—and the biggest market bubble in history will soon pop

“It’s not different this time,” Mark Spitznagel, co-founder and CIO of the private hedge fund Universa Investments, told Fortune.

16.08.2024 10

Fortune

Will Daniel

Boeing discovered a new set of problems in its 737s, further slowing deliveries

"We will perform any necessary rework on airplanes in our production system to ensure they meet all requirements prior to delivery,” a Boeing...

13.08.2024 4

Fortune

Will Daniel

Top economist Mohamed El-Erian: Fed would make ‘a huge mistake’ if it lets itself be bullied into cutting rates

“I think it’s a little bit like wanting to go to the emergency room for a cough,” El-Erian told Fortune.

06.08.2024 7

Fortune

Will Daniel

The 5 reasons behind Monday’s global stock market rout

"The ‘Wall of Worry’ certainly has a broad enough foundation currently,” Jack Janasiewicz, lead portfolio strategist at Natixis Investment...

06.08.2024 10

Fortune

Will Daniel

The global market meltdown just sent Wall Street’s ‘fear gauge’ to a 4-year high

“[T]his market volatility is mostly a global carry trade unwind and a re-evaluation of the AI hype,” Jim Smigiel, chief investment officer at SEI,...

05.08.2024 7

Fortune

Will Daniel

This accurate recession indicator is flashing red, but the ‘Sahm Rule’ creator says ‘this time really could be different’

“I am not concerned that, at this moment, we are in a recession,” Sahm told Fortune, adding that “no one should be in panic mode today, though...

02.08.2024 4

Fortune

Will Daniel

Trump says the dollar is too strong—but his policies may make it even stronger, bank strategist says

An immigration clamp down, aggressive tax cuts, and heavy tariffs could lift the U.S. dollar even as Trump tries to fight what he calls a "currency...

29.07.2024 10

Fortune

Will Daniel

Most iPhone users have old phones. But it’s actually good news for Apple stock

“An aging installed base and GenAI features…should provide a boost to customers' intentions to upgrade,” BofA’s Wamsi Mohan wrote Thursday.

12.07.2024 7

Fortune

Will Daniel

Tesla’s AI dreams may ‘materialize on a longer time horizon (or not at all),’ UBS warns

“While TSLA is investing heavily in AI and the tech is making progress, investment is costly, pace of improvement may slow and the payoff is long...

12.07.2024 7

Fortune

Will Daniel

The U.S. just got its best inflation report in over 3 years, but stocks are still down. Here’s why

“Is the market down? Or is this the most extreme rotation that we've ever seen out of everything that people have been hiding in?” Bancreek...

11.07.2024 10

Fortune

Will Daniel

Warren Buffett out, Mark Zuckerberg in: Here are the biggest names that will be attending, and notably absent from, the annual summer camp for billionaires

Meta's Mark Zuckerberg and Apple's Tim Cook will take part in the star-studded Sun Valley Conference, but Warren Buffett and Elon Musk aren't...

09.07.2024 8

Fortune

Will Daniel

AI is effectively ‘useless’—and it’s created a ‘fake it till you make it’ bubble that could end in disaster, veteran market watcher warns

"Fake it till you make it may work in Silicon Valley, but for the rest of us, I think once bitten twice shy may be more appropriate for AI,"...

08.07.2024 9

Fortune

Will Daniel

Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say

“I think, a year from now, we [will] have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told...

07.07.2024 20

Fortune

Will Daniel

Roaring Kitty’s favorite meme stocks are tanking as the trader faces securities fraud claims over past social media posts

Keith Gill is under fire for tweeting about GameStop, but one defense attorney says “posting a meme...is not even a fact that can be proven or...

01.07.2024 9

Fortune

Will Daniel

Lumber prices are plunging. Blame the record drop in U.S. housing affordability and a post-pandemic double bubble ‘hangover’

“It’s an ugly scenario” for the lumber market, Sitka Forest Products' Ashley Boeckholt told Fortune. “We’re kind of having a hangover from a...

30.06.2024 10

Fortune

Will Daniel

SoftBank’s billionaire CEO says he was put on Earth to create artificial super intelligence that’s 10,000 times smarter than a human—’I am super serious about it’

"For what purpose was Masa Son born? It may sound strange, but I think I was born to realize ASI," SoftBank's CEO said.

27.06.2024 10

Fortune

Will Daniel

The U.S. is about to get slammed by a ‘very active’ hurricane season—but the carnage could be good news for these five insurance stocks, analyst says

“If this grim forecast comes to fruition, it will likely buoy pricing” for insurance, says CFRA Research's Catherine Seifert.

26.06.2024 8

Fortune

Will Daniel

Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit

Yellen says Trump’s policies gave tax breaks to wealthy corporations and individuals while increasing the national deficit.

25.06.2024 30

Fortune

Will Daniel

Amazon’s money-bleeding Alexa division could face more cuts if a paid version of its AI-enabled voice assistant flops, BofA says

“If Amazon does not see adoption of a paid tier…we think Amazon could cut Alexa investment further to reduce losses,” Bank of America analysts...

24.06.2024 9

Fortune

Will Daniel

This is the ‘special sauce’ behind American exceptionalism—and why the U.S. stock market could continue dominating

“Many countries have these various advantages, but none have the combination—or the entire package—quite like the U.S. does,” RiverFront...

23.06.2024 20

Fortune

Will Daniel

Will Trump’s economic policies really cause ‘the mother of all stagflations’? Here’s what experts say

Unlimited Funds' Bob Elliott argues only part of Summers’ forecast seems valid: “Tariffs, at their core, are a regressive tax that is...

22.06.2024 20

Fortune

Will Daniel

The raging bull market hasn’t peaked just yet, BofA says

Bank of America’s head of U.S. equity and quantitative strategy notes that only four out of 10 bull market peak indicators are flashing warning...

17.06.2024 10

Fortune

Will Daniel

Stocks are sexy, but these market gurus see a generational opportunity in bonds

“The entry point is just very, very attractive,” Nuveen's CIO of fixed income Anders Persson told Fortune.

16.06.2024 10

Fortune

Will Daniel

FTC chair Lina Khan plans to go after Big Tech’s ‘mob boss’ instead of ‘the henchmen at the bottom’—targeting AI giants OpenAI, Microsoft, and Nvidia

“Where do we see players that are systematically driving these illegal behaviors?” Khan asked at a conference this week.

15.06.2024 20

Fortune

Will Daniel

This ‘ugly Goldilocks’ scenario could put both stocks and bonds in danger this year, investment chief warns

“The economy is a little too soft to meet equity investors’ expectations of earnings growth, and the economy's a little too strong to meet bond...

14.06.2024 10

Fortune

Will Daniel

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