Article

David Tepper Scoops Up Alibaba as Hedge Funds Hunt for Bargains in China

Billionaire investor David Tepper loaded up on beaten-down Chinese stocks last quarter while reducing stakes in high-flying US tech firms, leading hedge fund managers who are slowly warming up to China amid a record gap in valuations between the two markets.

Article

Bitcoin’s Correlation With Tech Stocks Jumps to Highest Level Since August

Bitcoin was lumped in with other speculative investments during the run-up of the Federal Reserve’s last tightening cycle, slumping on expectations higher interest rates would damp the appetite for risk.

Article

Treat Buy Now, Pay Later Loans Like Real Debt

It’s been close to two years since the Consumer Financial Protection Bureau indicated it was looking to tighten regulations on popular “buy now, pay later” services. Since then, the sector has grown to $300 billion.

Article

The Future of Robots Is Coming on Two Legs

Most people have seen robots in human form. The Hollywood version has starred in movies for decades. Now there are videos on the internet of real bipedal robots, whether it’s Elon Musk’s Optimus or the incredibly flexible two-legged robot from Boston Dynamics. Agility Robotics has one with legs that bend back at the knees like a flamingo.

Article

Google’s New Search Engine Is Bad News for the Web Economy

For more than two decades, a simple handshake has shaped how people find information online. It works like this: Websites allow Google’s web crawler to index their content so it can appear in search results.

Article

Where’s the Bond Market’s Breaking Point? It’s Not $35 Trillion

Everyone is worried about the excessively high level of US government debt. Everyone, that is, except America’s creditors.

Article

Wall Street’s E-Trading Boom Adds New Fuel to Private-Debt Mania

The rise of electronic trading and growing popularity of portfolio trading has had an unintended consequence for the US corporate bond market: making private credit even more attractive.

Article

BlackRock’s Rieder Says Cut, Not Hike, Would Tame US Inflation

BlackRock Inc.’s Rick Rieder has some advice that bucks conventional wisdom: The best way for the Federal Reserve to temper inflation will be to lower rates, not hold them higher.

Article

Revival of Meme-Stock Frenzy Points to a Frothy US Stock Market

This week’s meme-stock pop is a sign that US equity markets are frothy and potentially peaking, according to the latest Bloomberg Markets Live Pulse survey.

Article

Hot Commodity Silver Outpaces Gold as Buying Gains Momentum

Gold’s record-setting rally may have captured the headlines this year, but it’s silver that’s running harder and faster as the less glamorous metal benefits from robust financial and industrial demand.

Article

The Dow Hit 40,000. It Doesn’t Matter

Huge news from the markets today: The Dow Jones Industrial Average hit 40,000 points for the first time. The number is splashed across financial news sources the world over (including Bloomberg), even though the index closed back below the threshold by the end of trading.

Article

Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’

The JPMorgan Chase & Co. chief executive officer said significant price pressures are still influencing the US economy and may mean interest rates will be higher for longer than many investors are expecting. Dimon cited costs linked to the green economy, re-militarization, infrastructure spending, trade disputes and large fiscal deficits.

Article

US Housing Starts, Permits Fall Short as Mortgage Rates Rise

New US home construction rose by less than forecast in April and permits for new activity dropped, suggesting the recent rise in mortgage rates is giving builders pause.

Article

The Inflation Battle Is Far From Over

There was white smoke over the Bureau of Labor Statistics, sort of, on Wednesday morning. The key measures of consumer price inflation for April confirmed expectations for a slight decline, and alleviated growing anxiety over a possible reacceleration. Risk assets across the world spent the rest of the day exhaling deeply.

Article

The Long, Slow Decline in Fund Manager Fees May Be Ending

Active exchange-traded funds have seen record inflows in recent years, taking assets under management to $630 billion.