BOULOGNE-BILLANCOURT, France—After soccer, Hollywood stars Ryan Reynolds and Rob McElhenney are setting their sights on Formula One. F1 team Alpine has secured a 200 million euro ($218 million) investment from a group of investors that includes the actors. French automotive company Renault Group—Alpine’s parent company—said Monday that the group has acquired a 24 percent stake…
Hollywood Star Ryan Reynolds Among New Investors Backing F1 Team Alpine in $218 Million Deal
June 26, 2023
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Investors Should Brace for Debt Ceiling Aftermath
Commentary At the risk of sounding like a market curmudgeon, we must warn that the debt-ceiling deal agreement is a double-edged sword. While the immediate financial risk of a U.S. government default has been averted, a few other consequences resulting from the debt ceiling increase will likely haunt investors and the U.S. economy in the…
What to Do If the Debt Ceiling Fight Worsens
May 14, 2023
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Commentary The debt ceiling debate in Washington has been widely discussed but so far, few investors are truly worried. Most believe that when the deadline arrives, Congress and the White House will reach an agreement—even if it’s to kick the can down the road. As of now, Treasury Sec. Janet Yellen has set the deadline…
Boeing Investors Seek Answers After Latest 737 Production Glitch
WASHINGTON—Boeing Co. is expected to reveal whether the latest 737 MAX manufacturing problem will derail the U.S. plane maker’s annual goals for passenger jet deliveries and free cash flow when it unveils its first quarter financial results on Wednesday. Investors are clamoring for details on the extent of the problem, which Boeing said involves a…
Inflows to Money Market Funds Top $280 Billion as Investors Pull Bank Deposits
March 28, 2023
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U.S. money market fund inflows have topped $280 million over the past two weeks, as many investors pull their bank deposits, according to a report. The Financial Times reported that more than $273 billion has flooded into money market funds this month, for the biggest month of inflows since the height of the pandemic in…
American Households to Dump $750 Billion in Stocks This Year: Goldman
March 24, 2023
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American households are expected to dump $750 billion worth of stocks this year in favor of less-risky assets. This is the first annual drop in demand since 2018, due to higher bond yields and lower savings, reported Goldman Sachs Group strategists, led by Cormac Conners and David Kostin, on March 22. The strategists said that…
Banking Turmoil Pounding Investor Confidence, Surveys Show
March 22, 2023
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LONDON—This month’s U.S. banking system turmoil and renewed recession worries have left global investor confidence at one of the lowest levels in the last 20 years, and that does not even account for this week’s demise of Credit Suisse. A monthly survey carried out by investment bank BofA following the collapses of Silicon Valley Bank…
Systemic Credit Crunch Replaces Inflation as Fund Managers’ Top Worry
March 22, 2023
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A systemic credit crunch has overtaken inflation as fund managers’ top fear this month as the biggest risk to the markets, according to a new poll. At least 31 percent of respondents labeled a systemic credit crisis as the most significant threat to markets, followed by 25 percent choosing stubbornly high inflation as the largest…
Is Your Bank Safe?
Commentary Silicon Valley Bank (SVB), the country’s sixteenth-largest bank with $209 billion in assets, failed on Friday in one of the most shocking developments to hit the banking sector since the global financial crisis fifteen years ago. SVB’s claim to fame was its deep connection to the venture capital and tech community of Silicon Valley, boasting…
Energy Stocks Should Pump out More Gains
By Kim Clark From Kiplinger’s Personal Finance The gusher of rising energy stock prices, which has sent the sector up 66 percent in 2022 on top of 55 percent in 2021, may finally be calming a little. But there’s still plenty of oomph left for volatility-tolerant investors to reap rich profits in energy stocks in…
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