Breaking News: Investing
Hedge funds are selling stocks at a pace not seen in years
Hedge funds slashed their positions at the fastest pace in years as tariffs and signs of softer economic growth sent stocks on a roller coaster ride. Professional money managers who make both long and short wagers cut back risk exposure by selling stocks and covering shorts in a dramatic fashion on Friday and Monday. Combined, […]
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Most of the S&P 500 is already in correction territory as benchmark teeters near milestone
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on March 10, 2025. Charly Triballeau | Afp | Getty Images The majority of the stocks in the S&P 500 are already in correction territory as the sell-off on Wall Street continues to drag […]
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Ron Baron says he won’t sell a single personal Tesla share amid the EV play’s big decline
Ron Baron, founder of Baron Capital. Anjali Sundaram | CNBC Billionaire investor Ron Baron is standing by Elon Musk’s Tesla even in the face of its dramatic sell-off. The stock plunged 15% on Monday, its biggest one-day loss since September 2020. “I can’t believe how cheap they are, things that we look at,” Baron said […]
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Trump calls Tesla boycott ‘illegal’ and says he’s buying one to support Elon Musk
U.S. President-elect Donald Trump walks with Elon Musk before attending a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024. Brandon Bell | Via Reuters President Donald Trump shared his intent to purchase a Tesla on Tuesday to support Elon Musk as the […]
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Southwest Airlines will charge to check bags for the first time, launch basic economy tickets
Baggage handlers load luggage onto a Southwest Airlines Boeing 737 at Austin-Bergstrom International Airport on August 24, 2024 in Austin, Texas. Kevin Carter | Getty Images News | Getty Images It’s happening: Southwest Airlines will start charging passengers to check bags for the first time. It’s a stunning reversal that shows the low-cost pioneer is […]
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Bitcoin falls to November low under $80,000 on heightened recession fears
CFOTO | Future Publishing | Getty Images Bitcoin dropped under the $80,000 level on Monday, dragged by the continued selling pressure in the equities market. The price of the flagship cryptocurrency was last lower by 5% at $78,714.96, its lowest level since November, according to Coin Metrics. Stock Chart IconStock chart icon Bitcoin in the […]
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Here’s why banks don’t want the CFPB to disappear
Key Points For years, American financial companies have fought the Consumer Financial Protection Bureau in the courts and media. Now, with the CFPB on life support after the Trump administration issued a stop-work order and shuttered its headquarters, the agency finds itself with an unlikely ally: the same banks that reliably complained about its rules […]
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China bond yields jump to three-month highs as investors pare rate cut expectations
The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images China’s sovereign bond prices fell Monday, pushing yields to their highest levels this year, as investors trimmed holdings on bets that additional fiscal spending will boost growth and push back interest rate cuts. Yields on China’s […]
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Goldman names the most ‘compelling’ stocks on Wall Street right now
There’s a slew of buy-rated stocks that are just too attractive to ignore, Goldman Sachs says. The firm said companies such as Walmart are well positioned to ride out the macro uncertainty. Other stocks include Cheesecake Factory , Smithfield Foods and Ducommun. Walmart Shares of Walmart have plenty of room to run, even as they […]
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Wall Street wants clarity on trade, growth in the coming week after latest selloff
Investors could use some good news after this week’s selloff. Whether they get any in the week ahead remains to be seen. The past week’s slump was ugly. President Donald Trump’s tariffs on Canada, Mexico and China and rumblings of economic weakness alarmed investors who fear the market outlook has taken a turn for the […]
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