Speaking to CNBC’s “Squawk Box Asia” on Thursday, the founder of Bridgewater Associates explained that what the U.S. needs is “broad-based prosperity.”
Category: Finance News
Ray Dalio says the Fed faces a tough balancing act as the economy faces ‘enormous amount of debt’
On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global economy.
Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investors
Cryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors, CEO Richard Teng told CNBC’s Lin Lin.
The Fed forecasts lowering rates by another half point before the year is out
The so-called dot plot indicated that 19 FOMC members see the benchmark fed funds rate at 4.4% by the end of this year.
Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
The Federal Reserve on Wednesday lowered the federal funds rate to a range between 4.75%-5%.
Stocks making the biggest moves midday: Intuitive Machines, U.S. Steel, Victoria’s Secret and more
These are the stocks posting the largest moves in midday trading.
Trump, who signed SALT deduction cap into law, now vows to ‘get SALT back’
CNBC’s Robert Frank reports on one of former President Trump’s tax laws.
JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns
The move shows how JPMorgan Chase, the biggest American investment bank by revenue, is responding to the latest untimely death on Wall Street.
Stocks making the biggest moves premarket: General Mills, U.S. Steel, V.F. Corp., ResMed, and more
These are the stocks posting the largest moves in premarket trading.
Ray Dalio names the top five forces shaping the global economy
Speaking at the Milken Institute’s Asia Summit in Singapore, the founder of Bridgewater Associates said the five factors are interrelated and often cyclical.