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Will DanielFortune |
Elko, Nev., site of the largest gold mine in the world, bears little resemblance to the gold rush town it once was.
"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...
Back in 2011, some of the bank leaders were involved in running jokes about chasing yield—now they don't seem so funny.
Investors are "passively allowing risk to accumulate," JPMorgan Asset Management’s chief global strategist David Kelly told Business Insider.
"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.
ExxonMobil alone produced 6 million tonnes of new single-use plastics in 2021, more than any of its competitors.
“For now, we think the broader macro data flow does not point to recession," Bank of America's economics team wrote Monday.
“The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune.
“This is a Fed that believes they are behind the curve,” Robert Minter, director of ETF Investment Strategy at abrdn, told Fortune via email.
It's the first Fed rate cut since the COVID lockdown easing that began in March of 2020.
“I think underlying economic conditions will be much more important to financial markets than the Fed's tactics at a particular moment,” Citi...
The famed deputy could be readying himself for tax rates to rise.
Another key indicator is the Misery Index. And right now it’s leaning slightly in Harris’ favor.
“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...
The national debt situation is so bleak it costs the federal government $3 billion per day just to pay the interest.
"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 &...
"I think implicitly...you can make the case that [Buffett] thinks that there aren't that many great opportunities," Madison Investments' Toyama said.
Despite concerns about margins and guidance, Wall Street is mostly convinced the 'AI revolution' is just getting started, and Nvidia remains a buy.
Hindenburg Research's 19,000 word short report accuses Super Micro of sanctions evasion and accounting manipulation.
“The time has come for policy to adjust,” Powell said in his Jackson Hole speech on Friday.
"The Fed minutes removed all doubt about a September rate cut,” Jamie Cox, managing partner at Harris Financial Group, said.
Yardeni Research’s Eric Wallerstein said the revision is “kind of a nothing burger.”
The economic data is difficult to parse, and that means Powell’s speech has become correspondingly more difficult to foretell.
“These whips are the market process. This is the market zigging in order to zag.” Universa Investments' Mark Spitznagel told Fortune.
Joachim Klement of Panmure Liberum warns inflation could surge 1.2 percentage points in the first year after Trump's tariff policies begin.
“It’s not different this time,” Mark Spitznagel, co-founder and CIO of the private hedge fund Universa Investments, told Fortune.
"We will perform any necessary rework on airplanes in our production system to ensure they meet all requirements prior to delivery,” a Boeing...
“I think it’s a little bit like wanting to go to the emergency room for a cough,” El-Erian told Fortune.
"The ‘Wall of Worry’ certainly has a broad enough foundation currently,” Jack Janasiewicz, lead portfolio strategist at Natixis Investment...
“[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,...
“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...
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...
“An aging installed base and GenAI features…should provide a boost to customers' intentions to upgrade,” BofA’s Wamsi Mohan wrote Thursday.
“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...
“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...
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...
"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,"...
“I think, a year from now, we [will] have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told...
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...
“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...
"For what purpose was Masa Son born? It may sound strange, but I think I was born to realize ASI," SoftBank's CEO said.
“If this grim forecast comes to fruition, it will likely buoy pricing” for insurance, says CFRA Research's Catherine Seifert.
Yellen says Trump’s policies gave tax breaks to wealthy corporations and individuals while increasing the national deficit.
“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...
“Many countries have these various advantages, but none have the combination—or the entire package—quite like the U.S. does,” RiverFront...
Unlimited Funds' Bob Elliott argues only part of Summers’ forecast seems valid: “Tariffs, at their core, are a regressive tax that is...
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...
“The entry point is just very, very attractive,” Nuveen's CIO of fixed income Anders Persson told Fortune.
“Where do we see players that are systematically driving these illegal behaviors?” Khan asked at a conference this week.
“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...