World
‘Numbers don’t lie’: Kevin O’Leary says there’s no evidence of a recession right now
The U.S. economy is much stronger than people think, and there’s “no evidence” of an impending slowdown or recession yet, says celebrity investor Kevin O’Leary. “I’m not saying we won’t get one, but everybody that’s saying it’s coming around the corner next week is just wrong,” he told CNBC’s “Squawk Box Asia” on Thursday. “There’s […]
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Chinese stocks are looking cheap. Fund manager explains why he’s betting on Alibaba
Investors may still be nervous about Chinese stocks despite massive declines that have made them compelling, but portfolio manager Sid Choraria assures tech titan Alibaba is no “value trap.” To classify Alibaba as one, investors would have to believe that the e-commerce giant’s growth will be in the single digits, said Choraria of SC Asia. […]
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Kevin O’Leary says he won’t be buying bonds for now
Investors are “going to get hurt” if they’re in long duration bonds right now, says venture capitalist Kevin O’Leary. His comments come hours after the Federal Reserve raised interest rates by 75 basis points — the central bank’s most aggressive hike since 1994. “I wouldn’t be buying bonds here,” O’Leary, who is chairman at O’Leary […]
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Asia-Pacific markets set to rise after largest Fed rate hike since 1994
SINGAPORE — Asia-Pacific markets rallied on Thursday, tracking U.S. stocks after the Federal Reserve raised benchmark interest rates 75 basis points in a move that equates to the most aggressive hike since 1994. Japan’s Nikkei 225’s rose nearly 2% after markets opened and it was a sea of green among the automakers and tech stocks. Sony […]
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Goldman loves this ‘transformational’ sector — which is down over 50% in the past year
U.S. biotech is a hot pick for Goldman Sachs , which said the sector offers investors some “very attractive” entry points. Luke Barrs, head of fundamental equity, EMEA at Goldman Sachs Asset Management, told CNBC there is a “transformational change” happening in healthcare, particularly in genomic technology, a developing area of medicine that can personalize […]
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Take advantage of gold’s impending comeback with this best-of-breed stock, Cramer says
CNBC’s Jim Cramer on Wednesday said that he believes gold will make a recovery, and there’s one company in the industry that investors should consider adding to their portfolios. “I bet the precious metal can make a comeback. If I’m right, then the one to own is best of breed Barrick Gold, which I think […]
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Stock futures inch higher after Fed raises rates by most since 1994
U.S. stock index futures were modestly higher during overnight trading on Wednesday after the Federal Reserve implemented the largest interest rate hike since 1994. Futures contracts tied to the Dow Jones Industrial Average added 0.22%. S&P 500 futures were up 0.23%, while Nasdaq 100 futures advanced 0.29%. The major averages ended Wednesday’s session higher, with […]
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Jeffrey Gundlach says he wouldn’t be surprised if bitcoin drops to $10k
DoubleLine Capital CEO Jeffrey Gundlach said parts of the crypto world are blowing up and bitcoin could fall further to $10,000. “When it broke below $30(k), it looked on chart basis $20(k) was going to happen quickly, and it did. The trend in crypto is clearly not positive,” Gundlach said in an interview with Scott […]
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A 67-year-old who ‘un-retired’ shares the biggest retirement challenge ‘that no one talks about’
In 2007, at age 52, I was forced to retire overnight. An MRI had revealed a tumor, the size of a large eggplant, sitting on my pelvis. In 98% of these cases, my oncologist told me, bone tumors are secondary cancer. He estimated that I had about six months to live. But after two successful […]
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Ikea puts Russian factories up for sale, plans job cuts
A view of IKEA store in Russia’s capital Moscow on March 04, 2022. Pavel Pavlov | Anadolu Agency | Getty Images Ikea said on Wednesday it would sell factories, close offices, and reduce its 15,000-strong workforce in Russia, the latest move by the world’s biggest furniture brand to cut its operations there following Moscow’s invasion […]
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