All things fixed income. Opinions mine. @BloombergRadio @Business former @gadfly https://t.co/YExR5brzUE https://t.co/oEDubcRN0q
"We’re definitely in a market where my cleaning lady is asking me ‘Do I like solar companies?’ Because she bought a solar company that’s a NASDAQ stock through Robinhood. And it’s tripled.”
Trump is taking an increasingly aggressive stance on China in an effort to ensure his pressure campaign against the nation stays in place long after he's left office.
“The December retail results were an absolute disaster,” with the biggest part of the U.S. economy, consumer spending, taking a step back in Q4.
The U.S. pension crisis is getting increasingly acute as the risk-free rate falls and stock valuations surge. This is making it more attractive for the funds to turn to private equity & use leverage to boost gains: Calpers' ex-CIO
“There is little in our view to stop a cryptocurrency’s price from going to zero when a better designed version is launched or if regulatory changes stifle sentiment:” UBS Wealth tells its clients
Disney stops paying 100,000 workers, roughly half its workforce, even as it protects executive bonus schemes and a $1.5 billion dividend payment due in July.
Wuhan, where the global pandemic began, reported its first cluster of new infections since a strict quarantine was relaxed in early April. This highlights once again the likelihood of rolling outbreaks around the world until there's a vaccine.
The US federal minimum wage is worth 70% of what it was in 1968 and about a third of what it would be had it kept pace with productivity. This is especially relevant because in recent years, job growth has been concentrated in the lowest-paying industries.