Recession looms for the euro area, with the latest batch of data showing momentum has evaporated. The economy contracted by 0.1% in the third quarter, most of the bloc’s economies are flatlining, and Germany, its biggest engine of growth, is shrinking. Even supposedly good news, such as slowing inflation, just illustrates how quickly the outlook … Read more
Buying Opportunity Depends Which Recession Risk You’re Looking At Bloomberg Source link
Programming note: Money Stuff will be off tomorrow, back on Monday. There are three classic problems that you might encounter if you try to use Bitcoin to pay for goods and services. The first problem is that your Bitcoins might go astray: Bitcoin transactions are irreversible and involve sending money to long complicated addresses, and … Read more
To get John Authers’ newsletter delivered directly to your inbox, sign up here. “There is no alternative” — or TINA — has been the battle cry of investment analysts and advisers for the best part of a decade. As interest rates stayed close to zero, money managers typically saw stocks as the only viable investment … Read more
In 2021, almost two-thirds of respondents said they considered environmental, social and governance (ESG) factors when investing. In 2022, that number was 60%, and this year it’s 53%, according to the annual ESG Attitudes Survey from the Association of Investment Companies. Asked why they were over ESG, the top reason given was that performance was … Read more
Gaza Conflict: Markets Need to Prepare for Iran Risk of a Wider Crisis Bloomberg Source link
A man was murdered in my neighborhood on Monday. Ryan Carson was waiting at a bus stop with his girlfriend just before 4 a.m. when a man stabbed him repeatedly in the chest. The couple had been at a wedding. A video of the attack, obtained initially by the New York Post, was soon seized … Read more
The tide is turning for Hong Kong’s tycoon families. All of a sudden, the younger generation has to work a lot harder to convince banks and investors that their money is safe, and their pet projects are savvy. Among them, Adrian Cheng, a Harvard-educated third-generation heir, and Richard Li, “superman” Li Ka-shing’s second son, are … Read more
September 19, 2023 at 2:10 PM EDT Let’s say you own a bunch of stocks, say $1 million worth of the stocks in the S&P 500 Index. You think they will go up (that’s why you own them), but you worry that they might go down. You can buy insurance against that risk: You can … Read more
