Elon Musk offloads £2.9bn of Tesla shares
Elon Musk has sold another load of his shares in Tesla, this time worth $3.6bn.
Source: investmentweek.co.uk
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Platinum: The big US short and a buy on China
The US may have long reigned supreme as world economic leader but perhaps times are changing in more ways than one. It’s a rare (and even brave) decision to take a bet against Uncle Sam, but that’s the position that contrarian fund managers Platinum Asset Management (ASX: PTM) have found...
Source: livewiremarkets.com
Wall Street bounces off lows as UK steps in to calm bonds
US and global equities staged a mild comeback on Wednesday as the Bank of England said it would step into the bond market to stem a damaging rise in borrowing costs, an attempt to dampen investors fears of contagion across the financial system.
Source: livemint.com
Risk appetite for US equities worsens in September on stagflation concerns
Research from S&P Global highlights fears of an incoming recession and persistent elevated inflation has elevated US investors' risk aversion.
Source: investmentweek.co.uk
James Thomson: Why I put my kids' ISAs in my fund
The managers of the Rathbone Global Opportunities funds have used the recent downturn to load up on stocks they wished they had bought years ago.
Source: investmentweek.co.uk