‘A gift to investors’: BlackRock says it’s time to rethink bonds
It’s time to rethink bonds, according to the BlackRock Investment Institute, which said “the lure of fixed income is strong” right now.
China eases more Covid restrictions; reopening stocks in Hong Kong rise
Asia-Pacific shares are poised to slip on Wednesday after major U.S. indexes fell more than 1% each overnight on concerns about a recession weigh on markets.
S&P 500 notches fifth day of losses as traders consider recession odds, yields fall
The S&P 500 fell for a fifth day as traders weighed the possibility of a recession and the likelihood of a longer hiking cycle from the Federal Reserve.
MongoDB stock jumps 27% after cloud database company shows surprise adjusted profit
MongoDB provided upbeat commentary on demand even as some companies are being more cautious with spending on Salesforce and other software.
‘We don’t lay off people’: This is how Bank of America’s CEO plans to reduce employee levels
Bank of America CEO Brian Moynihan said Tuesday that he would reduce employee levels by allowing positions to go unfilled as employees voluntarily depart.
Tim Cook says Apple will use chips built in the U.S. at Arizona factory
Apple CEO Tim Cook spoke at an event in Arizona on Tuesday where he confirmed Apple will buy chips built in the U.S.
Vietnamese EV maker VinFast files to go public in the U.S.
VinFast, Vietnam’s only domestic automaker, announced plans to go public in the United States.
DoubleLine’s Gundlach says it’s time to buy emerging market stocks as the dollar peaks
Investments in emerging markets are likely going to be a good winner in 2023, Gundlach said Tuesday.
Morgan Stanley cut about 2% of global staff on Tuesday, sources say
Morgan Stanley is following rival Goldman Sachs in reinstating a Wall Street ritual that had been put on hold during the pandemic: the annual cull.
Here’s what America’s top CEOs are saying about a possible recession in 2023
The CEOs of JPMorgan, General Motors, Walmart and others are gearing up for a potential economic slowdown in 2023.
