Huawei Wants to Hold Talks With U.S. Government, Executive Says

May.28 — Andy Purdy, chief securities officer of Huawei Technologies Co.’s U.S. operations and a former security official for the Department of Homeland Security under President George W. Bush., discusses the U.S. curbs on China’s largest technology company. Earlier this week Huawei Chief Financial Officer Meng Wanzhou failed to persuade a Canadian judge to end extradition proceedings, keeping her … Read more Huawei Wants to Hold Talks With U.S. Government, Executive Says

Shape of Global Growth Recovery: Will it Be V, U or Something Else?

May.21 — Hootan Yazhari, managing director of MENA and global frontier markets at Bank of America Securities, discusses the outlook for the global economy and markets. Abu Dhabi’s $220 billion wealth fund says the world economy is likely to recover from this year’s virus-driven recession with 5% growth in 2021, and that the most likely outcome … Read more Shape of Global Growth Recovery: Will it Be V, U or Something Else?

Federal Reserve Has ‘Great Power,’ But Not Forever: Oatkree’s Howard Marks

May.18 — Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, discusses the market divide he sees on the Federal Reserve’s response to the coronavirus pandemic, and what may happen when the Fed removes its support. He spoke exclusively with Bloomberg’s Erik Schatzker from Los Angeles on “Bloomberg Front … Read more Federal Reserve Has ‘Great Power,’ But Not Forever: Oatkree’s Howard Marks

Oatkree’s Marks Says Distress Is Coming as Fed Withdraws Support

May.18 — Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, discusses the Federal Reserve’s great power to respond to the coronavirus pandemic, and the “substantial opportunity” his firm sees coming in distressed credit. He spoke exclusively with Bloomberg’s Erik Schatzker from Los Angeles on “Bloomberg Front Row.”

Oaktree’s Howard Marks on Fed Support, Credit Market Distress, Virus Impact

May.18 — Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, discuses Federal Reserve intervention in response to the coronavirus pandemic, and warns that distress will sweep through credit markets when the Fed’s support inevitably recedes. He spoke exclusively with Bloomberg’s Erik Schatzker from Los Angeles on “Bloomberg Front … Read more Oaktree’s Howard Marks on Fed Support, Credit Market Distress, Virus Impact

China Posts Better Industrial Output Data While Retail Sales Fall

May.14 — Helen Qiao, chief Greater China economist at BofA Securities, examines the health of China’s economy and the government’s policies. China’s industrial output increased in April for the first time since the coronavirus outbreak, adding to early signs of a recovery that economists cautioned would be slow and challenging. Retail sales slid more than the … Read more China Posts Better Industrial Output Data While Retail Sales Fall

Tesla Sues Over Shutdown as Elon Musk Threatens California Exit

Elon Musk lashed out at the California county blocking Tesla Inc. from reopening its only U.S. car plant, threatening to immediately relocate operations to other states and cease manufacturing at the factory. Hours after the chief executive officer tweeted that Tesla would sue Alameda County, which didn’t allow the facility to resume operations Friday, the … Read more Tesla Sues Over Shutdown as Elon Musk Threatens California Exit

Surge in retail investors prompts warning from ASIC | Finance Report

There’s been a big increase in family investors venturing into the sharemarket since February, and the Australian Securities and Investments Commission has warned them to be careful. But as Alan Kohler reports, it may be too little, too late. For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on … Read more Surge in retail investors prompts warning from ASIC | Finance Report

The Era of Tax Cuts Is Over, Guggenheim’s Millstein Says

May.04 — Jim Millstein, co-chairman of Guggenheim Securities who led restructuring efforts at the U.S. Treasury Department in the wake of 2008, says the “investor class” is likely to pay for the ballooning debt levels at both the government and corporate levels as the coronavirus crisis wanes. He speaks with Bloomberg’s Alix Steel and Sonali Basak … Read more The Era of Tax Cuts Is Over, Guggenheim’s Millstein Says