‘Get out of trash. There’s still a lot of money in cash.’ Ray Dalio If there are investors who believe cash is king amid this market bull run, they ought to think again, suggests Ray Dalio. The billionaire founder of the hedge fund Bridgewater Associates said during a CNBC interviewRead More →
© Reuters. FILE PHOTO: Qantas aircraft are seen on the tarmac at Melbourne International Airport in Melbourne By Jamie Freed SYDNEY (Reuters) – Qantas Airways Ltd (AX:) plans to have more experienced pilots on board the world’s longest non-stop flights than on its current long-haul flights for the first 18Read More →
© Reuters. FILE PHOTO: Sign of Saudi Aramco’s IPO is seen during a news conference by the state oil company in Dhahran By Hadeel Al Sayegh, Marwa Rashad and Rania El Gamal DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history,Read More →
‘I want to make clear that we don’t have any such net bet that the stock market will fall.’ Ray Dalio That’s Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, disputing elements of a Wall Street Journal report on Friday that indicated his fund was putting onRead More →
Don’t worry, they’d still be doing just fine. That’s not to say the uber wealthy wouldn’t get torched by Elizabeth Warren’s tax plan, but even if her proposal were in place for decades, the fortunes of men like Amazon’s AMZN, -0.86% Jeff Bezos and Microsoft MSFT, +1.29% founder Bill GatesRead More →
(Bloomberg) — Wealthy people around the globe are hunkering down for a potentially turbulent 2020, according to UBS Global Wealth Management. A majority of rich investors expect a significant drop in markets before the end of next year, and 25% of their average assets are currently in cash, according toRead More →
© Reuters. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq By Saeed Azhar and Davide Barbuscia DUBAI (Reuters) – Saudi Arabia’s state oil company kick-started its initial public offering (IPO) on Sunday, announcing its intention to list on the domestic bourse as theRead More →
MELBOURNE (Reuters) – Australia’s flag carrier Qantas (AX:) completed on Sunday a nonstop test flight from New York to Sydney, researching how the world’s longest potential commercial airplane journey of nearly 20 hours would impact pilots, crew and passengers. Carrying 50 passengers and crew on board, Qantas Flight 7879 onRead More →
Los Angeles might be making headlines with its homeless problem lately, but Skid Row hasn’t kept visitors from lavishing two of the city’s hotels with top marks. Condé Nast Traveler this week revealed its 32nd annual Readers’ Choice Awards, which tallied the votes of more than 600,000 travelers to comeRead More →
By Carolyn Cohn LONDON (Reuters) – The world’s richest families are worried about the U.S.-China trade spat, Brexit, populism and climate change and are keeping more of their money in cash, according to a survey of family offices by the world’s largest wealth manager. Forty-two percent of family offices –Read More →
‘In these factious times, investors are hard put to find their footing. They face rising uncertainty but falling returns. By some measures, uncertainty about economic prospects is currently highest on record. Further, policy makers seem to have limited ammunition to reflate economies.’ That’s the bleak assessment of the global landscapeRead More →
By Gram Slattery RIO DE JANEIRO (Reuters) – With widespread fires wreaking havoc on the Amazon (NASDAQ:), over 200 investors representing some $16.2 trillion under management on Wednesday called on companies to do their part in halting the destruction of the world’s largest tropical rainforest. Nongovernment organization Ceres said inRead More →
TOKYO (Reuters) – Tokyo Electric Power (T:) said on Monday it may start to decommission at least one nuclear reactor at its Kashiwazaki-Kariwa power plant, the world’s biggest nuclear plant by capacity, within five years of restarting two of the reactors at the site. Tokyo Electric Power (Tepco) President TomoakiRead More →
Canopy Growth Corp. reported a C$1.28 billion quarterly loss late Wednesday and missed analyst estimates for revenue, sending shares down 10% in after-hours trading. The world’s largest cannabis company by market value, Canopy Growth CGC, -6.64% WEED, -5.76% reported fiscal first-quarter net losses of C$1.28 billion, or C$3.70 a share,Read More →
© Reuters. FILE PHOTO: A Huawei logo is seen outside the fence at its headquarters in Shenzhen By Josh Horwitz and Yilei Sun SHANGHAI (Reuters) – China’s Huawei Technologies Co Ltd will need more time to become the world’s largest smartphone maker, a goal it originally aimed to achieve inRead More →
Happy Tuesday, MarketWatchers. Don’t miss these top stories: Personal Finance This full-time lawyer also has 13 side hustles. Here’s what he’s learned Plus, a little-known side hustle he recommends The ‘stupid’ Trump mistake that led to the Michael Cohen hearings If you’re doing something wrong, don’t do this one thing,Read More →
He became the world’s richest man last year and, finally, America’s biggest philanthropist. Amazon AMZN, +0.75% founder and CEO Jeff Bezos and his wife MacKenzie Bezos topped the list of the country’s top 50 donors to charity in 2018, according to the Chronicle of Philanthropy, a magazine that coversRead More →
Canopy Growth Corp. wants to remain the world’s largest legal pot producer, and to hear co-Chief Executive Bruce Linton tell it, has a detailed plan to stay there. In a widely anticipated earnings report that first arrived late Thursday evening, Canopy reported that revenue ballooned by nearly 300% in theRead More →
Welcome to Capital Confidential — a weekly diary column featuring the best tidbits from around the U.K.’s business and political landscape from MarketWatch sister publication Financial News. This week: Paul McNamara sparks a row over his personal pension investments; anecdotes from the IFR Awards; and Man Group’s latest award… Brexit’sRead More →
