Rate cuts still on the way after US-China tariff pause
The trade truce between the US and China has given markets a much-needed boost, with stocks climbing and the US dollar surging. But with tariff uncertainty still hanging over the economy, bond investors say rate cuts will still be needed to dodge a recession.
While news that US and Chinese officials has agreed to slash tariffs by more than 100 per cent for 90 days prompted investors to scale back their rate cut expectations,
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Read MoreEight killed as Federal Reserve Unit truck collides with lorry near Teluk Intan
IPOH, May 13 — Eight people were killed and three critically injured in a collision involving a Federal Reserve Unit (FRU) truck and a lorry on Jalan Chikus-Sungai Lampam, near Teluk Intan, today.
Hilir Perak police chief ACP Dr Bakri Zainal Abidin confirmed the incident when contacted.
“At present,
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Read MoreForeign investors stay bullish on Bursa Malaysia with RM422.6m inflows
KUALA LUMPUR, May 13 — Foreign investors extended their streak of net inflows on Bursa Malaysia for the third week, recording a net inflow of RM422.6 million last week, though lower than the previous week of RM853.3 million.
According to MIDF Amanah Investment Bank Bhd’s Fund Flow Report for the week ended May 9,
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Read MoreNomura turns bullish on China’s stocks after trade truce with US
Nomura Holdings Inc. strategists upgraded Chinese stocks to a ‘tactical overweight,’ saying the trade truce between the US and China is a significant positive for the Asian nation’s equities.
The agreement to temporarily lower tariffs “came as a significant surprise for markets, and will likely support risk positivity in the near term,” strategists led by Chetan Seth wrote in a note Tuesday.
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Read MoreTesla stock jumps to highest levels since February, notching 3rd straight week of gains
Tesla (TSLA) stock surged higher Friday, pushing shares to their highest level since February as the EV maker notched a third straight week of gains.
General sentiment on trade drove Friday’s gains, with President Trump floating a cut to US tariffs on Chinese imports ahead of this weekend’s negotiations.
Read MoreThe Burst
Is Michael Saylor’s Bet Crazy: Bull vs Bear
Microstrategy (NASDAQ:MSTR) and its CEO Michael Saylor are in large part confounding valuation experts worldwide.
The traditional method of valuing a company goes something like this. Analyze the cash flows a company will produce over its lifetime, discount them back to present day, sum them up and arrive at a fair market valuation for the company.
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Read MoreThe Ivy
The Formula Behind Billionaire’s 30-Year Win Streak
Stanley Druckenmiller may be best known for his role with George Soros in shorting the British pound in 1992, which famously became known as breaking the Bank of England. That position resulted in a cumulative profit of over a billion dollars, and all while Druckenmiller was only in his late 30s.
At a time when many professional investors consider themselves in their early innings of their careers,
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Read MoreThe Spotlight
Hyper Rich Politician Buys A Boatload Of..
Nancy Pelosi is among the highest earners in Congress with a salary of $223,000 yet her stock portfolio has grabbed the attention of watchers for its performance relative to the market and size.
Her portfolio has some grown to an astonishing $223 million. In the words of one X user, what started as a mockery,
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