Global stocks routed, oil sinks as bond markets flash recession warning

Global stocks routed, oil sinks as bond markets flash recession warning
TOKYO (Reuters) – Global stocks crumbled and oil prices extended a punishing sell-off on Thursday as an inverted U.S. bond yield curve intensified fears about a world recession. FILE PHOTO: A man uses a mobile phone in front of an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, October 12, 2018. REUTERS/Toru Hanai Markets in Asia... Read More

Founder’s grip on WeWork may be hard for investors to stomach

Founder’s grip on WeWork may be hard for investors to stomach
NEW YORK (Reuters) – Investors in the upcoming initial public offering of WeWork’s parent, The We Company, are being asked to lower their standards for corporate governance beyond what other technology startups have demanded, securities law experts said on Wednesday. FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to guests during the TechCrunch Disrupt event in Manhattan, in New York... Read More

DoubleLine CEO Jeffrey Gundlach warns Fed rate cuts will not stop U.S. recession

DoubleLine CEO Jeffrey Gundlach warns Fed rate cuts will not stop U.S. recession
(Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Wednesday that rate cuts by the U.S. Federal Reserve were not going to stop a recession from happening and that “once the Fed is in easing mode, it is already too late.” FILE PHOTO: Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, speaks during the Sohn... Read More

Vision Fund makes $110 million bet on renewable energy storage

Vision Fund makes $110 million bet on renewable energy storage
LONDON (Reuters) – Softbank Group’s (9984.T) Vision Fund has made its first foray into energy storage technology with a $110 million investment in Switzerland-based Energy Vault. FILE PHOTO: The logo of SoftBank Group Corp is seen at the company’s headquarters in Tokyo, June 30, 2016. REUTERS/Toru Hanai/File Photo While many countries are keen to use renewable energy as part of... Read More

Bankruptcy filings by U.S. energy producers pick up speed: law firm analysis

Bankruptcy filings by U.S. energy producers pick up speed: law firm analysis
HOUSTON (Reuters) – Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported on Wednesday, as volatile oil and gas prices drive companies to seek protection from creditors. A total of 26 firms with debts totaling $10.96 billion have filed for court restructuring... Read More

Trump officials see no Chinese concessions for tariff delays amid market rout

Trump officials see no Chinese concessions for tariff delays amid market rout
WASHINGTON (Reuters) – China made no trade concessions after U.S. President Donald Trump postponed 10% tariffs on over $150 billion worth of Chinese imports, senior U.S. officials said on Wednesday, adding that talks aimed at resolving the trade fight would continue and markets should be patient. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross speaks during a 17th Latin American Leadership... Read More

Ackman bets on idol Warren Buffett’s Berkshire Hathaway

Ackman bets on idol Warren Buffett’s Berkshire Hathaway
BOSTON (Reuters) – Billionaire U.S. investor William Ackman has long described how Warren Buffett, often called the greatest stock picker ever, has influenced his career. Now he’s paying the Oracle of Omaha the ultimate homage with a new investment in Buffett’s Berkshire Hathaway (BRKa.N) (BRKb.N). FILE PHOTO: Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management,... Read More

Buffett’s Berkshire boosts Amazon.com bet, attracts Ackman

Buffett’s Berkshire boosts Amazon.com bet, attracts Ackman
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Wednesday said it boosted its stake in Amazon.com Inc (AMZN.O) by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, plays bridge as part of the company annual meeting weekend in... Read More