This year’s bear market has left many investors deep in the red, but Dan Niles says his Satori Fund has bucked the trend. Niles said the U.S.-focused long-short equity fund is up this year, outperforming the S & P 500 , which has declined around 20% in the same period. He did not disclose the … Read more
Visitors stands in front of an electronic ticker at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Toru Hanai | Bloomberg via Getty Images Shares in the Asia-Pacific were mixed on Tuesday after sharp falls on Monday. The Nikkei 225 in Japan rose … Read more
In China, new energy vehicles typically receive green license plates – which is often easier for residents to apply for versus the blue license plate of a traditional fuel-powered car. Vcg | Visual China Group | Getty Images BEIJING — While Chinese companies churn out new electric cars, local insurance firms think they’re more expensive … Read more
The dollar on track for its best year ever, says economist Jens Nordvig CNBC Television
Rallies still face medium trend headwinds, says NewEdge’s Cameron Dawson CNBC Television
Michael Regan, administrator of the Environmental Protection Agency (EPA), speaks during an event at the EPA headquarters in Washington, D.C., U.S., on Monday, Dec. 20, 2021. Samuel Corum | Bloomberg | Getty Images The Environmental Protection Agency on Saturday launched an office that will focus on supporting and delivering grant money to minority communities in the … Read more
Brent crude slides below $85 a barrel as dollar surges Brent crude fell below $85 a barrel Monday, as recession fears mount and the U.S. dollar surged. Brent futures for November settlement were trading down over 1% around $84.92 at 8 a.m. London time. West Texas Intermediate futures also fell to trade around $77.93. Central … Read more
Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images Amazon is hosting another Prime Day-like deal bonanza next month, marking the first time it will hold two such events in the same year. The company said … Read more
Hedge fund manager Dan Niles has revealed his outlook for the S & P 500 after the Federal Reserve hiked rates by 75 basis points for the third consecutive time. The founder of The Satori Fund said he expects the index to drop by 30% to 50% from its most recent peak by the end … Read more
Sterling hit a record low. Matt Cardy | Getty Images Critics say those economic measures will disproportionately benefit the wealthy and could see the U.K. take on high levels of debt at a time of rising interest rates. “[It] doesn’t seem like the U.K. government is throwing the market a bone here in terms of … Read more