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Outflows from US stocks are setting the stage for higher volatility as markets and policy makers remain complacent about rising Treasury yields, according to Bank of America Corp. strategists. US equity funds shed $14.2 billion over the past three weeks, the largest...
The $32 trillion US bond market ended a bruising week that pushed yields to multiyear highs, with investors more convinced the Federal Reserve will raise interest rates next week to address sticky inflation. Policy-sensitive US two-year notes fell and longer-term...
Lululemon Athletica Inc.’s turnaround won’t be a quick or easy fix as the athletic wear company cedes market share to rivals and suffers deepening sales declines, according to BMO Capital Markets, which initiated coverage of the stock this week with an underperform...
Greg Jensen, the co-chief investment officer of one of the world’s largest hedge funds, issued a dire warning about the risks and consequences of the artificial intelligence boom Friday on Bloomberg’s Odd Lots podcast. “Unfortunately, this is what it was like in...
Wall Street has a rule for how equity bull markets end: the economy rolls over or the Fed tightens until something breaks. Neither is in place right now, but rate risk is creeping back. The backdrop shifted further on Thursday. Brent spiked above $105, US producer...
French luxury goods tycoon Bernard Arnault fell out of the top 10 list of the world’s biggest fortunes, leaving an all-American roster of mostly tech billionaires to dominate the rankings. Arnault’s net worth fell to $143 billion on Thursday, according to...
Billionaire financiers Mark Walter and Todd Boehly are nearing a deal to sell their stakes in Chelsea FC to majority owner Clearlake Capital, according to people familiar with the matter. Talks have advanced in recent weeks, with Walter and Boehly poised to turn a...