The Fed is looking clueless about economic growth that is in the late innings
It appears Goldilocks has returned to both Main Street and Wall Street, at least from the Federal Reserve’s point of view. For the moment, the three bears of slowing growth, inflation and tighter financial conditions may have been scared off...
AIG shares tumble as insurance giant posts disappointing earnings, cites losses from disasters
American International Group shares sank more than 9 percent Thursday after the insurance giant posted a disappointing 30 percent decline in adjusted income. AIG is trying to turn around its main business, selling property and casualty insurance to corporations, but...
Zimbabwe opposition leader reportedly wants to give Chinese investors the boot
Chinese investors are “busy asset-stripping” Zimbabwe’s resources, the country’s main opposition leader said in a speech this week, according to reports. “I have seen the deals that (Zimbabwean President Emmerson Mnangagwa) has entered into with China and others, they are...
US trade deficit drops for the first time in 7 months as exports hit a record high
The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans. The Commerce Department said on Thursday the trade gap dropped 15.2 percent to $49 billion,...
Forget passive investing, put your money into the likes of avocados, says asset manager
Broad global economic expansion is making assets expensive, so forget investing passively, an investment manager told CNBC on Thursday. Instead, he recommend considering niche growth areas like avocados. “Be very specific about what you do. Look for idiosyncratic, value and...
Bank of Singapore is upbeat on its Middle East prospects
Bank of Singapore is upbeat on its prospects in the Middle East after getting off to a strong start to the year, a top executive at the institution said Thursday. The private banking arm of OCBC, Singapore’s second-largest lender by...
Citron’s Andrew Left calls Square’s bitcoin foray a distraction for investors
Investors are putting too much attention on Square’s bitcoin ambitions, Citron Research’s Andrew Left told CNBC’s “Fast Money” on Wednesday. The well-known short-seller was on to talk about Square, cryptocurrencies and Alibaba, the Chinese e-commerce giant. Earlier this week, Left...
Bill Gross has an idea that he predicts could earn a high rate of return
With bonds in what he calls a mild bear market, influential investor Bill Gross has a different theory on where to find opportunity these days. He calls it an “arbitrage type of idea,” one that is looking to take advantage...
Four of the world’s largest automakers want to bring the ‘blockchain’ to your car
Four of the world’s largest automakers are part of new group announced Wednesday working to bring blockchain technology, which underpins bitcoin and other cryptocurrencies, to your car. BMW, Ford, Renault and General Motors are among the 30 companies in the...
Calamos says US economy will be just fine as rising rates, deregulation benefit banking sector
The Trump administration’s focus on deregulation and the return of rising interest rates should benefit financial and banking stocks, according to Calamos Investments founder and chairman John Calamos Sr. “I’m not overly worried that the interest rates start to go...
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