Americans have been on a shopping spree for properties in Scotland. US buyers now represent 4% of total transactions recorded by real estate firm Savills, up from 1% in 2019. Agents report a sustained surge in buying from Americans, particularly at the top of the market. Interest really picked up after the pound plunged last year...
A judge ordered a high-stakes family feud over the finances of Sen. Dianne Feinstein, the powerful 90-year-old California Democrat, to be moved out of court for private negotiations. Since early this summer, the fight has been playing out publicly between the families of two of San Francisco’s storied power brokers:...
The global economy is shifting toward a higher-for-longer period for interest rates, making the coming flurry of monetary decisions across the developed world pivotal in mapping out that plateau. In the next week or so, borrowing costs will be set for seven of the world’s 10 most-traded currencies — including...
After staving off recession for longer than many thought possible, the US consumer is finally about to crack, according to Bloomberg’s latest Markets Live Pulse survey. More than half of 526 respondents said that personal consumption — the most important driver of economic growth — will shrink in early 2024, which would...
Morgan Stanley has pushed back against Treasury bears, saying investors should buy US sovereign debt as markets may be too optimistic over the prospect of a soft-landing for the economy. Treasuries are also likely to be supported as inflation can keep slowing even if growth does remain relatively healthy, strategists...
Short sellers are raking in profits by betting against a part of the US equity market overlooked by most investors: small-cap stocks. The group has seen paper profits of nearly $13 billion this year by wagering on a drop in the prices of small-, micro- and nano-cap shares, according to...
Tesla Inc.’s Dojo supercomputer may add as much as $500 billion to the company’s market value through faster adoption of robotaxis and network services, according to Morgan Stanley. Dojo can open up “new addressable markets,” just like AWS did for Amazon.com Inc., analysts including Adam Jonas and Daniela M Haigian...
Traders in the $325 billion industry for emerging-market exchange-traded funds are shifting cash toward strategies that focus on brighter spots in the developing world as China’s economy stumbles. Actively managed ETFs — especially those with exposure to India’s world-beating growth and Latin American stocks — have lured nearly half a...
The US Commodity Futures Trading Commission brought enforcement actions against three decentralized finance firms and signaled that more may be coming. The CFTC alleged on Thursday that the companies Opyn Inc., ZeroEx Inc. and Deridex Inc. broke the agency’s rules by illegally allowing US customers to trade digital-asset derivatives without registering. The...
Federal Reserve Bank of Dallas President Lorie Logan said that skipping an interest-rate hike at the US central bank’s upcoming policy meeting may be appropriate, while also signaling rates may have to rise further to get inflation back to 2%. The Federal Open Market Committee, the group of Fed policymakers...