Ackman: I'm more bullish on stocks than Tepper
The billionaire tells CNBC he’s more bullish on stocks based on valuations than fellow hedge fund titan David Tepper. Ackman also talks Mondelez and his Herbalife short.
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Citi's chief economist: China is 'financially out of control'
Willem Buiter, Citigroup chief economist, sees a storm brewing in China. This week, he estimated that there is a 55 percent chance of a made-in-China global recession in the not too distant future, which he defines as a period of sub-2 percent global growth.
Citi's chief economist: China is 'financially out of control'
Willem Buiter, Citigroup chief economist, sees a storm brewing in China. This week, he estimated that there is a 55 percent chance of a made-in-China global recession in the not too distant future, which he defines as a period of sub-2 percent global growth.
Consumer sentiment in U.S. declines to lowest level in a year
Consumer sentiment declined in September to the lowest level in year as Americans anticipated a weaker economy in face of a global slowdown and turbulent financial markets. Stock market jitters may be shaking some Americans’ confidence in the health of the economy, especially as nations abroad experience growth slowdowns. Sustained improvement in the labor market and low energy prices will help provide a buffer for consumer attitudes, which will garner
Consumer sentiment in U.S. declines to lowest level in a year
Consumer sentiment declined in September to the lowest level in year as Americans anticipated a weaker economy in face of a global slowdown and turbulent financial markets. Stock market jitters may be shaking some Americans’ confidence in the health of the economy, especially as nations abroad experience growth slowdowns. Sustained improvement in the labor market and low energy prices will help provide a buffer for consumer attitudes, which will garner
IEA sees U.S. oil output collapsing next year on low prices
Lower oil prices will force non-OPEC producers including the United States to cut output by the steepest rate in more than two decades next year, rebalancing an oversupplied oil market, the International Energy Agency said on Friday. The IEA, which advises the world’s biggest economies on energy policy, said global oil demand was poised to climb to a five-year high this year thanks to lower prices. It steeply revised its
IEA sees U.S. oil output collapsing next year on low prices
Lower oil prices will force non-OPEC producers including the United States to cut output by the steepest rate in more than two decades next year, rebalancing an oversupplied oil market, the International Energy Agency said on Friday. The IEA, which advises the world’s biggest economies on energy policy, said global oil demand was poised to climb to a five-year high this year thanks to lower prices. It steeply revised its
US producer prices unchanged in August as gas costs fall
The prices charged by U.S. manufacturers, farmers and other producers were unchanged in August, the latest evidence that inflation is tame. The Labor Department said Friday the producer price index, which …
US producer prices unchanged in August as gas costs fall
The prices charged by U.S. manufacturers, farmers and other producers were unchanged in August, the latest evidence that inflation is tame. The Labor Department said Friday the producer price index, which …
Equity funds shed $46 billion in four-week run of outflows: BAML
Investors pulled another $19 billion from equity funds over the past week as they sought safety in government bond funds, which have enjoyed the longest run of inflows in four years, Bank of America/Merrill Lynch said on Friday. The exodus from emerging markets also continued, with losses extending into their ninth week due to sluggish growth and increasingly messy politics in a range of developing countries. Emerging equity funds shed