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Quite a pivotal point: Ray Dalio has reversed his long-held position on this major asset class.

For years, Ray Dalio has made his disdain for money vividly clear. The founder and co-head of investment at Bridgewater Associates, the world’s largest hedge fund, told everyone listening that money is rubbish, a point he reiterated at the MarketWatch Festival of “The Best New Ideas in Money” just two weeks ago. Dalio said cash …

Quite a pivotal point: Ray Dalio has reversed his long-held position on this major asset class. Read More »

Micron cuts capital spending to stem ‘unprecedented’ oversupply cycle

Shares of Micron Technology Inc fell slightly in the extended session on Thursday after the memory chip maker said it was taking steps to break out of the current “unprecedented” market downturn by scaling back capacity building plans. For the first quarter of the fiscal year, Boise, Idaho-based Micron MU, + 2.31% It said it …

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Micron’s earnings suggest chip decline could be worse than Wall Street expects

Micron Technology Inc executives warned of a downturn in semiconductors in late June, but now they say the “sharp and sudden” drop in demand has exceeded even those expectations, suggesting that the current chip glut may be getting worse. micron MU, -1.94% On Thursday it reported a worse-than-expected fourth fiscal quarter, with revenue down 23% …

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US economy contraction in the first half of 2022, confirms updated GDP

Numbers: The US contracted in the first six months of the year, revised government figures confirm, painting a picture of an economy reeling from strong headwinds and tailwinds. The Bureau of Economic Analysis said Thursday that gross domestic product, the economy’s official scorecard, fell 0.6% year-on-year in the second quarter. This is unchanged from the …

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Why a high 10-year Treasury yield will rattle financial markets as it briefly hit 4%

The 10-year Treasury yield, a vital benchmark that influences a wide range of consumer borrowing costs, briefly traded above 4% for the first time in at least 12 years — a move that, if it continues, will likely spread across financial markets. TMUBMUSD10Y rate, 3.766% It rose to 4.01% early Wednesday – more than double …

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Stunning bond yields plummet after BoE steps in to buy ‘by any measure necessary’

UK bond yields slipped from 14-year highs after the Bank of England said it would buy bonds “in whatever volume is necessary” to restore orderly market conditions. 10-Year Standard Reference Yield TMBMKGB-10Y, 3.983%And the Moving in the opposite direction to prices, it fell 49 basis points to 4.03%, having fallen at one point to less …

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Are you tempted to buy new APEs from AMC? Be prepared to lose everything, warns the company

Shares of AMC’s preferred stock units, or “APEs,” rose 5% Monday, while the company’s common stock fell 7.5%, after the company revealed plans to sell up to 425 million APE. At current prices, the cinema chain could raise up to $1.6 billion from the sale of additional APEs, which were disclosed in a regulatory filing …

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With interest rates rising, here’s how to protect your wallet and your wallet

The Fed is willing to bring pain. are you ready? Weeks ago, Federal Reserve Chairman Jerome Powell warned that there would be “some pain for households and businesses” as the central bank raises interest rates to combat inflation that is higher than it has been in four decades. Powell and other members of the Federal …

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Morgan Stanley says investors should consider this port in the market storm right now

It appears that the massive selloff in the British pound, which is credited with exacerbating the global rout of markets last week, will continue to wreak havoc on Monday. Old Blighty’s economic woes add to the list of growing concerns in the markets, which is driving more investors into the dollar and out of riskier …

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