BlackRock (BLK) CEO Larry Fink lashed out at political critics of the world’s largest money manager in combative new comments Friday, saying they “continuously lie.” The remarks came as his firm continues to face heat […]
Alongside the BRICS de-dollarization plans, the Chinese yuan has officially overtaken the US dollar as the top traded currency in Russia. Indeed, the currency has now surpassed the greenback as the most prominent foreign exchange […]
80% of single-family rentals are mom-and-pop; mega-landlords own just 3%. But mega-landlords dominate multifamily rentals. By Wolf Richter for WOLF STREET. There has been a lot of talk about corporate mega-landlords buying up single-family houses one by one […]
Big Oil is trumping the Magnificent Seven on the stock market this year in an oil stocks rally that few had expected a few months ago. Energy stocks have outperformed the top tech stocks this […]
“Rates have been extremely low for a long time — it’s hard to know how many investors and companies are truly prepared for a higher rate environment.” By Wolf Richter for WOLF STREET. Jamie Dimon, in his letter […]
First things first: unlike the last two months when both the January and February jobs prints were beyond ridiculously manipulated and goalseeked to pass a terrible number as a strong one, the March print was not a complete disaster. […]
In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the […]
Pricing power in a market long dominated by Western institutional money is moving East and the implications are profound The gold price has risen to a series of new all-time highs of late, a development […]
Billionaire hedge fund manager Steve Cohen said Wednesday that it will be difficult for the Federal Reserve to get inflation back down to its 2% goal. “The Fed thinks it’s eventually going to come down to a […]
In a recent CNN poll, 48 percent of respondents stated that they believe the economy remains in a downturn, and only 35 percent said that things in the country today are going well. The disparity […]
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