Doubleline's Sherman Shares Insights into 2025 Markets

Doubleline's Sherman Shares Insights into 2025 Markets

-- Wall Street's enthusiasm for megacap tech stocks continues to climb, with several Magnificent 7 stocks hitting new records this week. That's impacting their fair value model for the S&P 500...
December 13, 2024 at 12:35 pm
Fighting the Dulling Demand for Diamonds

Fighting the Dulling Demand for Diamonds

-- The rise of lab grown diamonds is disrupting the jewelery industry. De Beers -- the world's largest diamond producer -- had to cut prices by more than 10% across the board. Ankur Daga, the chief...
December 13, 2024 at 11:40 am
Wilson Says There Could Be a Correction Next Year

Wilson Says There Could Be a Correction Next Year

-- Morgan Stanley chief US equity strategist Mike Wilson says there could be a market correction in the first half of 2025, but the average stock might not come down that much. He's on Bloomberg Open...
December 13, 2024 at 11:24 am
The Best Cars of 2024

The Best Cars of 2024

-- 2024 was a hectic year in the auto industry. Automakers across the globe had to make adjustments due to economic and geopolitical volatility. Meanwhile, manual-transmission cars launched a comeback...
December 13, 2024 at 11:17 am
Morgan Stanley's Wilson on Stocks in 2025, Volatility

Morgan Stanley's Wilson on Stocks in 2025, Volatility

-- Morgan Stanley chief US equity strategist Mike Wilson talks about his outlook for stocks in 2025. He says there could be a correction next year and volatility will pick up in the first part of...
December 13, 2024 at 10:57 am
BlackRock's Rieder on the Fed, Yield Curve Thrill Seekers

BlackRock's Rieder on the Fed, Yield Curve Thrill Seekers

-- Rick Rieder, CIO of global fixed income at BlackRock , discusses his expectations for Federal Reserve policy and his investment strategy for the year ahead. On the yield curve, Rieder doesn't see a...
December 13, 2024 at 10:26 am
Fed to Assume Extension of Trump Tax Cuts, Bill Dudley

Fed to Assume Extension of Trump Tax Cuts, Bill Dudley

-- Bill Dudley, former New York Fed President, Bloomberg Opinion columnist, and Bloomberg Economics senior advisor, expects the Federal Reserve to make assumptions about the extension of the 2017 tax...
December 13, 2024 at 08:47 am
Africa Turns to Insurance as Climate Aid Falls Short

Africa Turns to Insurance as Climate Aid Falls Short

-- African countries are buying parametric coverage to help with disaster recovery. But it doesn't always pay out and it's no substitute for climate compensation from the rich world. Africa loses up...
December 13, 2024 at 07:45 am
Broadcom Predicts AI Sales Surge, Pushing Shares Higher

Broadcom Predicts AI Sales Surge, Pushing Shares Higher

-- Broadcom predicted a boom in demand for its artificial intelligence chips, saying sales of AI products will gain 65% in the fiscal first quarter during a post-earnings conference call. Tom...
December 13, 2024 at 06:28 am
European Defense Industry 'Prepared' for Wartime Mentality, Says Hensoldt CEO

European Defense Industry 'Prepared' for Wartime Mentality, Says Hensoldt CEO

-- As European rhetoric around defense spending ramps up, Hensoldt has the capability to respond, says chief executive officer Oliver Dorre. The German defense leader called on European governments to...
December 13, 2024 at 06:03 am
UK Economy:  Growth at Risk of Fourth Quarter Contraction

UK Economy: Growth at Risk of Fourth Quarter Contraction

-- UK gross domestic product slipped 0.1% in October, following a 0.1% contraction the previous month, the Office for National Statistics said Friday. Forecasters, who had expected a 0.1% gain, said...
December 13, 2024 at 05:42 am
China Stocks Expectations Are Misaligned:  3-Minute MLIV

China Stocks Expectations Are Misaligned: 3-Minute MLIV

-- Anna Edwards, Guy Johnson, and Mark Cudmore break down today's key themes for analysts and investors on Bloomberg: The Opening Trade. ...
December 13, 2024 at 05:37 am
Ziemba:  Russia & Iran Concentrating on Own Battles

Ziemba: Russia & Iran Concentrating on Own Battles

-- The rebel-led alliance in Syria is set to form a transitional government, after overthrowing President Bashar Al Assad. Reports say the reason the Assad regime fell so quickly was due to the lack...
December 13, 2024 at 05:26 am
South Korean Minister's Message to Tourists - 'Please Come'

South Korean Minister's Message to Tourists - 'Please Come'

-- South Korea's culture minister has told prospective visitors please come, you are safe as his nation grapples with political upheaval since President Yoon Suk Yeol declared and reversed martial...
December 13, 2024 at 05:15 am
Mahindra Auto and Farm Sector CEO on EV Portfolio

Mahindra Auto and Farm Sector CEO on EV Portfolio

-- Rajesh Jejurikar, executive director and chief executive officer of auto and farm sector at Mahindra & Mahindra, says his company expects 20-30% of SUV portfolio to be electric by 2027. He spoke...
December 13, 2024 at 05:02 am
Hong Kong's expat party hub reshaped by influx of Chinese

Hong Kong's expat party hub reshaped by influx of Chinese

-- Hong Kong's expat party hub Lan Kwai Fong is undergoing a transformation. Legacy bars and restaurants are closing and being replaced by ones that cater to mainland Chinese visitors and residents....
December 13, 2024 at 04:40 am
China Vows Bigger Spending to Boost Consumption

China Vows Bigger Spending to Boost Consumption

-- China signals increased public borrowing and spending in 2025 to boost consumption and repair the economy's weak link. Chief North Asia correspondent Stephen Engle discusses key takeaways from the...
December 13, 2024 at 04:29 am
China Needs 'More Creative Policies' to Boost Economy, Hao Hong Says

China Needs 'More Creative Policies' to Boost Economy, Hao Hong Says

-- China has signaled increased public borrowing and spending in 2025 to boost consumption and repair the economy's weak link. According to Grow Investment Group's Hao Hong, even though we are seeing...
December 13, 2024 at 04:21 am
Advisor to PM Says Japan Must Brace for Trump Tariffs

Advisor to PM Says Japan Must Brace for Trump Tariffs

-- National security advisor to Prime Minister Shigeru Ishiba says Japan needs to prepare for the tariffs President-elect Donald Trump has pledged. Akihisa Nagashima said in an exclusive interview...
December 13, 2024 at 04:07 am
Market update with Shaw and Partners, December 2024

Market update with Shaw and Partners, December 2024

Shaw and Partners Chief Investment Officer Martin Crabbe outlines a four-part investment strategy, focusing on growth, financial conditions, central bank policy and valuation. He notes that valuations...
December 13, 2024 at 12:20 am