“What he really is focused on, if we get down to [S&P 500] 3,600 to 3,500, he’s not going to be a trader,” David Tepper told Jim Cramer on Tuesday.
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David Tepper tells Cramer he’s covered his Nasdaq short, thinks selling could be ending
World
Asia-Pacific markets rise as investors look toward slate of China economic data
Beijing Central Business District, mix of offices and apartments Ispyfriend | E+ | Getty Images Asia-Pacific markets opened higher Monday as investors awaited a slew of economic data coming out of China. Analysts polled by Reuters expect China’s economy to have slowed in the third quarter, forecasting gross domestic product to have grown 4.8% in […]
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World
Japanese family businesses are facing a succession crisis. That is fueling a private equity boom
Japan Inc. is confronting a ticking demographic time bomb, and private equity players are racing to defuse it. Across the country, ageing business owners are facing a dual reckoning: heirs not interested in taking over the family business, and steep inheritance taxes. For many family businesses, rooted in the tradition of handing over the reins […]
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World
These fund managers are betting against sterling as fears grow over UK outlook
A number of asset managers are betting that the pound will tumble in value as the U.K. wrestles with faltering growth and Finance Minister Rachel Reeves confronts a looming fiscal headache in next month’s budget. Candriam is positioned short against the pound, with Nicolas Jullien, Candriam’s global head of fixed income, highlighting the U.K.’s challenging […]
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