Hedgeye’s Keith McCullough says the market is in denial: ‘Investors just want their bubble back.’
: Carl Icahn rebuts short seller Hindenburg Research’s report. It’s already cost his company $6 billion in market cap.
Icahn Enterprises rebutted a short-selling report accusing it of inflating asset values that has cost it $6 billion of market cap in a few weeks.
Market Extra: Cost of insuring against default on U.S. government debt reaches record high
The spread on one-year U.S. credit-default swaps widens to 175 basis points from 163 on Tuesday, based on data from S&P Global Market Intelligence.
: As COVID public health emergency ends, ‘whack-a-mole’ virus won’t be easy to track
The U.S. COVID-19 public health emergency comes to an end on Thursday, but the fight against COVID goes on.
The Tell: Office REITs with this falling profitability metric are a worrying sign: Barclays
A more than 10% drop in net operating income reported by several office REITs in the past year is a ’cause for concern,’ according to Barclays Research.
Beth Pinsker: Here’s how to buy short-term Treasury bills and still have a long-term investment plan
Money gurus are hot on T-bills, but they’re spending millions. You need a different kind of plan for a regular-sized portfolio.
: Debt-ceiling standoff: Here’s what could go into a bipartisan deal
While a breakthrough in the debt-limit standoff doesn’t appear imminent, there is chatter about what could go into a bipartisan deal to end the stalemate.
: Google developer’s conference is all about AI
“As you heard, AI is having a busy year,” Google CEO Sundar Pichai says during a keynote speech near the company’s headquarters in Mountain View, Calif.
: Air New Zealand will offer bunk beds for four-hour naps on its longest flights
Air New Zealand will offer economy-class passengers a chance to lie down for four hours during one of the longest flights in the world. The cost? Under $400.
Chuck Jaffe: How can the Fed achieve its inflation target? Move the target.
Rate hikes might be done, but hiking the target inflation rate from 2% could be in the offing.
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