Billionaire investor David Einhorn of Greenlight Capital.CNBC/Heidi Gutman/CNBC David Einhorn’s hedge fund Greenlight Capital posted an 8.2% return in the first quarter. In a letter to investors, Greenlight said gold was “by far the biggest winner” in its portfolio. The firm cautioned that a bear market in stocks is just starting. A billionaire investor struck
The stock market has been reeling since Trump’s “Liberation Day” tariff announcement back on April 2. But even before this shock announcement tipped the Nasdaq into a bear market and sent the S&P 500 down 10% in two trading days, stocks had struggled this year as the reality of Trump’s desire to impose tariffs on
President Trump once again revived his calls for the Fed to cut interest rates. But Wall Street experts say rate cuts won’t necessarily solve the US economy’s problems. In a Truth Social Post early Monday, Trump said, “The slow-moving Fed should cut rates!” The statement echoes comments the president made last week, arguing now is
President Trump once again revived his calls for the Fed to cut interest rates. But Wall Street experts say rate cuts won’t necessarily solve the US economy’s problems. In a Truth Social Post early Monday, Trump said, “The slow-moving Fed should cut rates!” The statement echoes comments the president made last week, arguing now is
Some of President Trump’s prominent backers in the business community are sounding the alarm on his rollout of reciprocal tariffs and the resulting market fallout. Outspoken billionaire investor Bill Ackman, who endorsed the president last July following the assassination attempt on Trump, said in a lengthy post on X late Sunday that, barring Trump calling