by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Salim Ramji took over as firm’s first-ever outsider CEO The new chief has no plans to try to take Vanguard public Vanguard Group Chief Executive Officer Salim Ramji said his firm is “really about” low-cost investing, and that he’d eventually like that to carry into...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Sahm says Fed is deliberate, but shifts tack when it needs to The good thing is that the Fed has space to do ‘quite a bit’ Former Federal Reserve economist Claudia Sahm said that while the US isn’t yet in a recession, it’s “uncomfortably close,” and predicted central...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
The tech funds have suffered big losses in recent weeks Investors fret over worsening economic data, earnings releases Traders plowed billions of dollars into betting on a big rebound in tech stocks last month. Now their leveraged-up ETF positions are getting thrashed...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Swaps imply at least five quarter-point cuts by Fed this year Dovish repricing follows weaker-than-expected US jobs data Global bonds rallied as traders bet the Federal Reserve and fellow central banks will turn more aggressive in cutting interest rates amid mounting...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Rotation out of technology sector may be ‘mostly done’: JPM Bounce depends on data including manufacturing, inflation As the selloff in global stocks intensified Monday, JPMorgan Chase & Co.’s trading desk said the rotation out of the technology sector might be...
by Bloomberg.com | Aug 5, 2024 | alerts, Markets/Economy
Funding currencies the yen and yuan surge on short-covering Mexican peso retreats as pressure returns on EM currencies An unwinding of global carry trades is helping to jolt markets around the world. The yen and yuan pushed higher Monday, while the Mexican peso...
