Global Funds Slash China Stock Positioning to Lowest Since 2020
Global funds further trimmed their Chinese stock holdings in September, extending a relentless selloff and lowering their average position in the country to…
Source: biztoc.com
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Tesla Sales Drop Brings BYD Closest Ever to Global EV Crown
BYD Co. is poised to overtake Tesla Inc. as the world’s biggest seller of electric vehicles as the Chinese automaker’s global sales push gains greater…
Source: biztoc.com
Boaz Weinstein Raises Bid for Hedge Fund Sculptor as Rithm Weighs Higher Offer
Boaz Weinstein has again boosted his bid for hedge fund firm Sculptor Capital Management Inc., prompting Rithm Capital Corp. to weigh a sweetened offer of its…
Source: biztoc.com
Stocks Drop as US 30-Year Yield Reaches 2007 High: Markets Wrap
Stocks fell and Treasuries resumed a retreat as investors grew increasingly worried about the long-term effects of historically high borrowing costs. • None…
Source: biztoc.com
3.5 Day Work Week? JPMorgan CEO Jamie Dimon Predicts AI Could Make It Happen
Jamie Dimon also said AI would “of course” kill jobs, but noted that technology always does.
Source: forbes.com