Bond market investors may want to shift their focus toward the front of the yield curve, according to Allspring Global Investments’ Noah Wise. The bottom line: Focus exposure on short-term Treasurys over long duration. Wise, the firm’s head of global macro strategy and a senior portfolio manager, sees the strategy as part of a diversified…
Leopold Aschenbrenner Photo: Josh Edelson Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly. In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of artificial super…
Jakub Porzycki | Nurphoto | Getty Images Coinbase shares dropped in extended trading on Thursday after the crypto platform posted a wider-than-expected loss for the second quarter, underscoring the continued troubles resulting from a deepening crypto winter despite its efforts to diversify revenue. Here’s how Coinbase performed in its quarter ended June 30, compared with what Wall…
DoubleLine Capital CEO Jeffrey Gundlach said the Treasury market is signaling that the Federal Reserve will need to do more than talk tough if policymakers are serious about reaching their 2% inflation target. “If you really want to get to 2%, I think you have to raise interest rates,” Gundlach said on CNBC’s “Closing Bell”…
President of Visa Inc. Ryan McInerney delivers a keynote address at the Transact 15 conference in San Francisco, California April 1, 2015. Noah Berger | Reuters Visa, which runs the world’s largest payments network, plans to cut about 7% of its workforce as CEO Ryan McInerney moves to streamline the company and invest more in…
Samuel Boivin | Nurphoto | Getty Images Three days after SpaceX’s blockbuster public debut, Rep. William Timmons bought as much as $100,000 of the rocket company’s stock. The South Carolina Republican chairs a House oversight panel on military and foreign affairs and sits on a financial services subcommittee covering artificial intelligence — two sectors central…
Federal Reserve Chairman Kevin Warsh concludes a news conference after a meeting of the Federal Open Market Committee, June 17, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Federal Reserve is expected to hold interest rates unchanged at its upcoming July meeting — as higher energy prices and renewed tensions with Iran have complicated the picture for…
Me 3645 Studio | Moment | Getty Images Some high-earning investors who deferred capital gains taxes through a special set of funds will soon have a tax bill coming due. Authorized by the Tax Cuts and Jobs Act of 2017, Opportunity Zones are economically distressed communities nominated by states and certified by the Treasury Department….
Wall Street is banking heavily on exchange-traded funds that give investors artificial intelligence exposure, according to J.P. Morgan Asset Management. The firm’s “Guide to ETFs,” which came out this month, finds it’s a top five theme by assets under management — even as volatility hit the group in the second quarter. “Many [themes] are morphing…
Alistair Berg | Digitalvision | Getty Images There have been some lofty claims made about cryptocurrency in the past, including that it will replace government-issued money, prove as groundbreaking as the smart phone and democratize the financial system. But most investors point to a fairly ordinary reason for holding the digital assets: to diversify their…
