Nasdaq ends lower ahead of big tech earnings, focus on Fed
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- Wall Street tumbles as worries about AI trade and high oil prices weigh
- Oil touches $110 a barrel for first time since May on Middle East, Russia supply fears
- Stay risk-off as higher real yields and AI volatility threaten stocks: BofA
- Appleās first foldable iPhone sells out within minutes as preorders begin
- CoreWeave bond rout tests market's math on AI buildout
Nassim Taleb warns rising US debt could turn into 'death spiral'
January 30, 2024 9:48 AM ESTBlack Swan author Nassim Nicholas Taleb warned that "a debt spiral is like a death spiral," and the US deficit is increasing to a point where it would take a miracle to reverse the damage.
In an article, Bloomberg reported that Taleb spoke at an event for Universa Investments on Monday night, the hedge fund he... More
Institutional traders were big sellers last week, BofA's client data shows
January 30, 2024 9:12 AM ESTThe recent trading week saw a notable shift with institutional clients engaging in significant selling, marking the first outflow from single stocks in eight weeks, according to Bank of Americas analysis of client data.
Despite the S&P 500 gaining 1.1%, the brokers clients were net sellers of US equities, totaling outflows of $0.7 billion, the first such instance in three weeks. Contrasting this, there was an inclination... More



