Leon Cooperman on why Alphabet is the ‘biggest position’ in his hedge fund
Leon Cooperman, chairman and CEO of Omega Advisors, loves Google-parent Alphabet as an investment. Alphabet “is my biggest position,” Cooperman said Tuesday on CNBC’s “Halftime Report.” The company’s “growth is very impressive relative to the valuation … It is very...
Australian Inflation Data Next on the Docket for the Aussie
Australia’s quarterly inflation data for Q2 will be released on Wednesday, at 0130 GMT. Forecasts point to an overall lackluster report, expected to show an energy-driven pickup in the headline rate but an otherwise subdued picture for underlying inflation, which...
Trade war bailout: Trump to offer $12 billion in emergency aid for farmers hurt by tariffs
The Trump administration plans to offer up to $12 billion in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump’s escalating trade war in key electoral states, Secretary of...
Ahead of big GDP report, Trump says US has ‘best financial numbers on the planet’
With the release of second-quarter growth numbers just three days away, President Donald Trump is enthusiastic about growth, to say the least. While not mentioning the upcoming gross domestic product report from the Bureau of Economic Analysis, Trump indicated in...
Canadian Dollar Listless in Light Fundamentals Session
The Canadian dollar has posted small gains in the Tuesday session. Currently, USD/CAD is trading at 1.3167, down 0.04% on the day. On the release front, there are no Canadian indicators on the schedule. The U.S will release services and...
Euro Gain Capped by Lackluster PMIs, Dollar Turns Soft
While the Japanese Yen is staying generally firm, Dollar fail to hold on to earlier gains and turns softer. While Euro strengthens mildly against Dollar, it’s upside is limited by lackluster PMI data. On the other hand, thanks to strong...
Trump turns up the heat on trade: ‘Tariffs are the greatest!’
President Donald Trump cranked up the rhetoric on tariffs on Tuesday, saying they are a good bargaining tool in his quest to get better trade agreements. In a morning tweet, the president dug in on his position in the global...
Bitcoin edges past $8,000, notching a two-month high
Bitcoin’s price hovered above the $8,000 mark Tuesday, for the first time in two months. The last time the world’s largest cryptocurrency was trading above $8,000 was May 23, when it traded at an intraday high of $8,023.73. On Tuesday,...
China’s banks to face new NPL hit
It’s symbolic of the oddness of Chinese banking that we could see a 14% increase in non-performing loans this year without asset quality actually having deteriorated at all. How? Loan recognition standards. It is common practice worldwide that any loan...
The Fed Is Still On Track For Two More Rate Hikes
Market movers today It is time for euro area Flash PMI for July. PMI manufacturing has declined every month this year and we look for another small decline in the July reading from 54.9 to 54.4 as trade worries are...
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