A legendary investor who predicted the dot-com crash says there's a key ingredient missing for a market bubble
"The markets, while high-priced and perhaps frothy, don't seem nutty to me," Howard Marks said.
"The markets, while high-priced and perhaps frothy, don't seem nutty to me," Howard Marks said.
Stocks and bonds staged a turnaround this week as investors cheered a flurry of positive headlines that bolstered the case for rate cuts in 2025.
Bond yields dipped for a third day on Friday, bringing some relief to investors after they watched the 10-year approach 5% in recent weeks.
The stock awards, which will be issued in addition to year-end incentive awards, would be granted to employees earning an annual total compensation of up to $500,000, covering about 97% of the lender's global workforce. BofA had 213,193 staff at the end of 2024, which means the stock awards will amount to slightly over $1 billion. Earlier this week, BofA's fourth-quarter profit beat expectations, boosted by trading activity.
Wall Street closed higher ahead of Trump's inauguration on Monday. Investors expect a flurry of executive orders, including on crypto and TikTok.
(Bloomberg) -- In the euphoric markets of 2024, the biggest sin was skepticism. A white-hot runup in risky assets made life miserable for anyone buying into the frenzy of fresh products that Wall Street was hawking to hedge and diversify.Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesThese Homes Withstood the LA Fires. Architects Explain WhyScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation Is Getting Har
Bank of America investment strategist Michael Hartnett argued that further downside in the stock market could be protected by Trump's pro-market policies.
Tesla stock jumped amid speculation that CEO Elon Musk could potentially buy TikTok.
JP Morgan analyst Matthew Boss reiterated an Overweight rating on the shares of Viking Holdings Ltd (NYSE:VIK) and raised the price target to $58 from $50. From 2017 to 2019, VIK’s pre-pandemic annual revenue growth averaged approximately 29%, driven by around 23% capacity growth and 5% net yield growth, said the analyst. Looking ahead, the 2025 booking curve is 70% filled with a 7% pricing increase and 12% capacity expansion, leading to an estimated 5% yield growth and a 19% increase in top-lin
High interest rates have been weighing on the stock market rally, and there may be little Donald Trump can do to remedy that issue.