Tag: Dollar

Billionaire ‘Bond King’ Jeff Gundlach says stocks will crash, predicts a weaker dollar, and questions bitcoin in a new interview. Here are the 10 best quotes.

Jeffrey Gundlach wearing a suit and tie: 2011 Jeffrey Gundlach co-founder and Chief Executive Officer and Chief Investment Officer of DoubleLine speaks at the 16th annual Sohn Investment Conference in New York May 25, 2011. REUTERS/Jessica Rinaldi

© REUTERS/Jessica Rinaldi
2011 Jeffrey Gundlach co-founder and Chief Executive Officer and Chief Investment Officer of DoubleLine speaks at the 16th annual Sohn Investment Conference in New York May 25, 2011. REUTERS/Jessica Rinaldi

  • Jeff Gundlach, the billionaire investor known as the “Bond King,” predicted in a RealVision interview published on Friday that stocks would crash in less than 18 months.
  • The DoubleLine Capital CEO also said the US dollar would dive in the long run, argued that tech stocks like Apple and Amazon were the only US equities worth owning, and questioned bitcoin, welfare, and Chipotle’s valuation.
  • Here are Gundlach’s 10 best quotes from the discussion.
  • Visit Business Insider’s homepage for more stories.

In a RealVision interview filmed on October 1 and released on Friday, the billionaire “Bond King” Jeff Gundlach said stocks would crash within 18 months, predicted that the US dollar would tumble in the long run, and

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This multimillion dollar CA ballot measure could decide the future of gig work

Sam Harnett:

Absolutely. So, you know, this the issue that’s playing out in California over where, how to classify these drivers is playing out in every other state in the country and actually global and different in different countries around the world. So everyone is looking to California to see what’s going to happen.

Now, the thing is that the way the propositions were written is that it only applies to people working on platforms, doing delivery or transportation companies like Uber, Lyft, also Postmates, DoorDash.

So it’s limited in who it’s targeting now. But if you create this precedent of having a basic third option between employee and contractor, this kind of contractor, and we didn’t explain this, but the proposition would give them contractor status with slightly improved benefits, slightly better wages, some health supplements, some insurance to drive a certain amount of hours. So the point is,

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What happens to tech’s billion dollar headquarters in a work-from-home world

Over the past decade, however, tech giants have invested in real estate and proper headquarters. The kind of buildings and campuses that draw attention and lure thousands of employees to commute five days a week to work inside their open floor plans. Generous on-site benefits give those workers little reason to leave for a meal, a trip to the bank or even to get dry cleaning.

Apple has its still-new, 175-acre, circular “spaceship,” $5 billion campus in Cupertino. Amazon placed giant, glass-dome greenhouses at the base of its main tower in downtown Seattle, part of a $4 billion city campus. Salesforce changed the San Francisco skyline with its massive billion-dollar skyscraper, topped with moving animations like dancing silhouettes and the Eye of Sauron. Google is building the circus-tentlike 595,000-square-foot Charleston East building in Mountain View, which is expected to be completed next year. And by a marsh on the bay

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Google Announces $1 Billion Dollar Investment Into The Future Of News

Illustration for article titled Google to Journalists: Shut Up and Take the Money

Photo: Justin Sullivan (Getty Images)

After spending the better part of the last decade choking every possible cent from the digital media industry, Google’s finally getting the heat that it deserves. More and more people are realizing the company’s monopoly over digital advertising is one of the culprits behind a staggering number of newsroom layoffs. Regulators are realizing this digital dominance could constitute a serious antitrust issue. Combined, that means a massive headache for Google that can, in the company’s eyes, be solved with one thing: a decent payout.

The company’s latest attempt to claw back some goodwill among publishers is a three-year, billion-dollar partnership that’ll go toward the company’s newest product, the Google News Showcase. CEO Sundar Pichai unveiled the Showcase in a company blog post earlier today, promising it would highlight the “editorial curation of award-winning newsrooms” while also helping those newsrooms manifest “deeper

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Fundamental and technical agreement on a rising US dollar

  • USD/CAD gains 1.4% on the week, highest close since August 3
  • Pandemic down channel from March broken with Monday surge
  • USD/CAD participates in general US dollar recovery in the major pairs
  • FXStreet Forecast Poll predicts consolidation not strong gains in USC/CAD

The US dollar returned to the offensive this week with a successful assault on the six-month old descending channel that began in the COVID-19 panic in March.

 Monday’s open at 1.3204 coincided with the upper border of the channel and after a brief dip to 1.3171 the pair moved to and through the limit, paused at 1.3240 and then continued straight to 1.3300 and the Monday close at 1.3307.  After Tuesday’s consolidation and close at 1.3304 the efforts in the three final sessions were almost identical with closes of 1.3387 on Wednesday and 1.3362 on Thursday.  Friday’s end at 1.3388 brought the USD/CAD to its highest conclusion since August

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Moment of truth coming for the billion dollar BrainChip

Even by the standards of the current market frenzy it was an astounding run and BrainChip chief executive Louis DiNardo did not hide his bemusement.

Louis DiNardo, the Brainchip CEO, says the company expects to have the first commercial contracts for its neural network processor by early next year.

Louis DiNardo, the Brainchip CEO, says the company expects to have the first commercial contracts for its neural network processor by early next year.Credit:Rick Stevens

“Yes I would say I was taken aback to watch the price go from single digits to teens, 15-16c, it peaked in intra day trade at 97c a couple of weeks ago,” he says.

The shares have since fallen back to 42c.

But the tech industry veteran is not baulking at the current market valuation of around $700 million based on what is ahead for BrainChip, particularly its promise as a pioneer in the field of neuromorphic computing which mimics the neuron spiking functions of the human brain.

“I do believe it’s based on deliverables that we committed

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Among Us, a murder mystery set in space, is the latest multimillion dollar craze in video games

As people stay at home across the world, their latest favorite pastime is a 2018 murder mystery game set in space called Among Us.

© InnerSloth

The game’s exponential popularity drove its developers to announce on Thursday they were canceling a sequel to the game, to better focus on growing the existing version. The game reached over a million players on September 3 and had grown to over 3.5 million concurrent users worldwide by Friday.


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“We canceled the sequel because we saw the opportunity to give back to the players a little bit faster than creating a new, better version,” Forest Willard, a developer at InnerSloth, which makes Among Us, told CNN Business. “It will be more work in the long run, but we’re excited for players to update the game, and suddenly there’s a brand new feature or map that unlocks new experiences.”

Among Us is based

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Global stocks drop and the dollar rises after the Fed warns the US economic recovery will stall without further stimulus

Federal Reserve Board Chairman Jerome Powell testifies during a hearing on “The Semiannual Monetary Policy Report to the Congress,” in front of the Senate Banking, Housing and Urban Affairs Committee in the Dirksen Senate Office Building on February 12, 2020 in Washington, DC.

  • Stocks were a sea of red on Thursday after investors were spooked by warnings from a number of Federal Reserve speaker that US economy needs stimulus to continue to recover.
  • Federal Reserve Chairman Jerome Powell said more stimulus is needed while the Fed’s vice-chair Richard Clarida said Wednesday the pandemic has put the US in a “deep hole” and the economy needed Congress to approve additional fiscal support. 
  • The sell-off in the broader market indices caused a rise in the dollar. 
  • Jeffrey Halley, senior market analyst at OANDA, said: “It is clear from the price action across markets overnight that the slump in
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GLOBAL MARKETS-Stocks buckle, dollar slips as investors mull Fed action

(Adds U.S. market open, byline, dateline; previous LONDON)

* U.S., European, Asian stocks decline

* Fed pledges low rates until 2023 but no new stimulus

* Graphic: 2020 asset performance tmsnrt.rs/2yaDPgn

* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh

NEW YORK, Sept 17 (Reuters) – Global equity markets and gold slumped, while the dollar eased on Thursday after the Federal Reserve reminded investors of the long slog ahead for a full recovery that was reinforced by data showing persistently high claims for U.S. unemployment benefits.

U.S. Treasury yields dropped and the yield curve flattened as investors expressed disappointment that after its policy-setting meeting on Wednesday the Fed did not unveil more measures to stimulate the economy.

Wall Street’s main indexes tumbled as the technology sector and related stocks slid further, with Apple Inc and Amazon.com Inc among the biggest drags on the Nasdaq.

The number of Americans filing new claims

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Stocks buckle, dollar stirs as divided Fed disappoints

LONDON (Reuters) – Equities recoiled and the dollar stirred on Thursday after a divided U.S. Federal Reserve dented stimulus hopes, TikTok’s tug-of-war clobbered technology stocks and dire European car sales underscored the persistent impact of the coronavirus.

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville

Traders were also taking in Bank of Japan and Bank of England meetings and plenty of emerging market action, but the tone was set by the events overnight at the Fed and in the trenches of the tech war.

“Those who were expecting more input from Fed monetary policy after the adoption of an average-inflation target regime remained disappointed,” UniCredit analysts wrote in a note.

“While the Fed expects the Fed funds rate to remain flat through 2023, it will need more time to assess the status of the economy and to

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