Bill Ackman says the economy is starting to slow and the Fed is likely done hiking
Pershing Square’s Bill Ackman on Monday sounded alarms on the economy, which he believes has begun to decelerate on the back of aggressive rate hikes.
Billionaire Bernard Arnault hits back at ‘absurd’ and ‘senseless’ money laundering allegations
Billionaire LVMH CEO Bernard Arnault has hit back at “absurd and unfounded” allegations of money laundering.
Money managers are shifting their attitude to ESG as ‘realism’ sets in, says S&P’s Dan Yergin
“If you’re in a money management business, you do need returns,” said S&P Global’s Vice Chairman Dan Yergin.
‘We are not in the business of ice cream’: Big Oil CEOs defend themselves against climate criticism
Big Oil, on the back of record profits last year, has been accused of dialing back critically important climate pledges in recent months.
Germany’s Birkenstock targets $9.2 billion valuation in New York IPO
Birkenstock, the German premium footwear brand, said on Monday it was seeking to raise up to $1.58 billion in its initial public offering in New York.
Nobel in medicine goes to 2 scientists whose work enabled creation of mRNA vaccines against Covid
Two scientists won the Nobel Prize in medicine on Monday for discoveries that enabled the development of mRNA vaccines against COVID-19.
Indonesia launches China-backed ‘Whoosh’ high-speed railway
Indonesian President Joko Widodo on Monday inaugurated a $7.3 billion high-speed railway connecting the country’s capital Jakarta with the city of Bandung.
Veteran investor David Roche has a contrarian call on grain prices, says prices will soar
Grain prices have been in freefall of late as investors bet on a resurgence of supply from the U.S., Russia and Ukraine, but veteran strategist David Roche is not convinced.
Bank of Japan hikes bond buying as benchmark yields hit decade peak
Hawkish comments contained in the minutes of BOJ’s September meeting released Monday reignited expectations it’s slowly laying the groundwork to end negative interest rates.
CNBC Daily Open: September sell-off, October bounce?
Even a cooler-than-expected core PCE reading— an increase of just 0.1% for the month! — couldn’t cheer investors.
