Pictured here are self-driving robots in a China Duty Free Group’s warehouse in Haikou, Hainan, on March 20, 2023. Vcg | Visual China Group | Getty Images BEIJING — Asia’s competitive advantage was once cheap labor. Now, whether it’s China, India, or Japan, the region’s edge lies in industrial services, according to KKR’s heads of …
Bill Gross, Portfolio Manager, Janus Capital Group Lucy Nicholson | Reuters Renowned investor Bill Gross predicts that Treasury yields could potentially skyrocket in the near future. “I think we’re gonna go to five percent,” stated Gross in an interview on CNBC’s “Last Call” on Tuesday, referring specifically to the 10-year Treasury yield. “The market is …
According to Wall Street analyst Jim Bianco, Treasury yields are expected to witness a significant surge in the coming weeks, possibly overshooting 5%. “I don’t believe we have reached the end of this bond market movement,” said Bianco Research president in an interview on CNBC’s “Fast Money” show. Provided the Federal Reserve hints at halting …
Pershing Square’s Bill Ackman expressed concerns about the economy on Monday, suggesting that it has begun to slow down due to aggressive rate hikes. Ackman stated on CNBC’s “Squawk Box” that “[T]he Fed is probably done. I think the economy is starting to slow. The level of real interest rates is high enough to slow …
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Adam Jeffery | CNBC Billionaire investor Bill Ackman announced on Friday that his unique special purpose acquisition company (SPAC) structure has been approved by U.S. regulators. This approval allows him to pursue potential deals. Ackman’s SPAC, …
Lower-end consumers have adjusted their purchasing habits in order to save money as their bank accounts dwindle, according to Citigroup CEO Jane Fraser. The third-largest U.S. bank has been closely monitoring its credit card customers for signs of financial stress, Fraser disclosed in an interview with CNBC’s Sara Eisen. “We are closely monitoring lower FICO …
Brad Gerstner, Altimeter Founder and CEO, speaks at the Delivering Alpha conference in NYC, Sept. 28, 2023. Adam Jeffery | CNBC Altimeter Capital Chair and CEO Brad Gerstner is extremely bullish on artificial intelligence (AI), stating that its power surpasses even that of the internet. “AI is poised to outpace the internet, mobile, and cloud …
Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can soar even higher in the short run due to persistent inflation. “I wouldn’t be surprised to see 30-year rates surpass the 5% mark, and we may see the 10-year approach 5% as well,” he revealed during an interview at the CNBC Delivering Alpha Investor …
With the S&P 500 on track to have its worst monthly performance since December of last year, investors are increasingly exploring alternative assets beyond stocks and bonds for better returns. Private credit has emerged as one such strategy. Despite the shifting macro environment, this industry has consistently posted annual gains for the past 13 years …
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, September 26, 2023. Brendan McDermid | Reuters A majority of Wall Street investors have expressed concerns about the stock market’s 2023 gains and believe that it could experience further declines due to the increasing risk of a recession. This …