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  • Dow futures slide 350 points as stock rally fades, with oil falling and Fed's Powell on deck to speak

    8 days ago - By Business Insider

    Investors are worrying about interest rate rises once again, with Federal Reserve chair Jerome Powell set to give testimony to Congress on Wednesday. Lucas Jackson/Reuters
    US stock futures fell Wednesday, with Dow futures down about 350 points as recession worries returned.
    Fed Chairman Jerome Powell will appear before lawmakers to talk monetary policy later in the day.
    Oil prices fell almost 5% on news that President Joe Biden is nearing a decision on a US gas tax holiday.
    Dow futures fell about 350 points Wednesday in a pullback for stocks worldwide as investors worried once again about...
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  • Billionaire investor Seth Klarman touts gold, blasts crypto, and questions the Fed's resolve in a new interview. Here are the 7 best quotes

    8 days ago - By Business Insider

    Seth Klarman. Getty Images/ Scott Olson
    Seth Klarman touted gold as a safe asset, and dismissed crypto as risky and pointless.
    The Baupost Group boss predicted the Federal Reserve would prematurely end its interest-rate hikes.
    Higher rates could spell trouble for funds that have taken too many risks, Klarman said.
    Seth Klarman trumpeted gold as a haven asset, dismissed cryptocurrencies as dangerous and pointless, and predicted the Federal Reserve would back down from its inflation fight during a rare interview with Harvard Business School, which was filmed in March and released this week...
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  • Billionaire investor Ray Dalio says it's naive to think the Fed's rate hikes 'will make things good again'

    8 days ago - By Business Insider

    Billionaire investor Ray Dalio says the Fed's rate hikes will cut squeeze people as they will have less buying power. Eoin Noonan/Web Summit/Getty Images
    The Federal Reserve's plan to raise rates quickly to fight inflation won't "make things good again", Ray Dalio said.
    The Fed made its biggest single rate hike last week since the mid-1990s and stocks have tumbled.
    In the long run, Fed is likely to chart a middle course that will result in stagflation, Dalio said.
    Billionaire investor Ray Dalio said it's naive for anyone to think the Federal Reserve's plan to raise rates quickly to quell...
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