Fed in a trust-but-verify moment as inflation falls
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- S&P 500, Nasdaq advance, turning the page on a tumultuous week
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- S&P 500, Nasdaq advance, turning the page on a tumultuous week
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- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
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Nassim Taleb warns rising US debt could turn into 'death spiral'
January 30, 2024 9:48 AM ESTBlack Swan author Nassim Nicholas Taleb warned that "a debt spiral is like a death spiral," and the US deficit is increasing to a point where it would take a miracle to reverse the damage.
In an article, Bloomberg reported that Taleb spoke at an event for Universa Investments on Monday night, the hedge fund he... More
Institutional traders were big sellers last week, BofA's client data shows
January 30, 2024 9:12 AM ESTThe recent trading week saw a notable shift with institutional clients engaging in significant selling, marking the first outflow from single stocks in eight weeks, according to Bank of Americas analysis of client data.
Despite the S&P 500 gaining 1.1%, the brokers clients were net sellers of US equities, totaling outflows of $0.7 billion, the first such instance in three weeks. Contrasting this, there was an inclination... More
