Bessent says US ended fiscal 2025 with lower deficit-to-GDP ratio
Treasury Secretary Scott Bessent said the US ended the fiscal year of 2025 with a lower deficit-to-GDP ratio than the year before and sounded an optimistic note for 2026, noting that the US is on its way to lowering deficits without causing a recession.
The Treasury has not been able to release the exact fiscal 2025 deficit-to-GDP figure due to the government shutdown.
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Read MoreThe Burst
$2 Billion Fund Bets It All On 5 Stocks
You probably haven’t heard of Himalaya Capital Management. It’s a Seattle, Washington-based firm that has approximately $2 billion in assets under management. Now put yourself in the shoes of the investment team for a moment: how would you invest that chunk of change?
Most investors would spread the money around a bit but the Himalaya team has chosen to embrace the philosophy that if you have conviction in your investment themes,
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Read MoreThe Ivy
S&P 500 Near 5,000, Now What?
If ever the saying that the market can go remain irrational longer than you can remain solvent applied, now would be that time, especially for the bears.
With the S&P 500 within touching distance of 4,900 by the close of last week, it’s now within spitting distance of 5,000, a figure that seemed so far out of reach just a year or so ago when it was close to 3,500,
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