Treasury Secretary Scott Bessentisn’t known for mincing words, and his reaction to the lackluster Q4 GDP report was anything but subtle. In sounding off on the economy, Bessent told Fox News that the U.S. economy can grow by at least 3.5% in 2026, according to Reuters. In a market that’s seemingly obsessed with a potential
If you want to play AI, Dan Niles says, stop overthinking it. In a recent Fox Business interview, the veteran tech analyst boiled it down to two stocks. For those seeking the strongest exposure to the massive AI spending boom, he recommends Nvidia (NVDA) and Broadcom (AVGO). Own them both, and you’re “pretty much covered,”
When billionaire Ken Griffin pours billions into a stock, investors pay attention. Griffin’s Citadel added approximately $2.52 billion worth of Amazon (AMZN) stock, taking its position to more than $3.2 billion, per its latest 13F filing. The hedge fund also doubled its stake in AI bellwether Nvidia (NVDA), cementing a position that’s worth nearly $4
Morgan Stanley thinks that Mr. Market just made a mistake. Strategist Katie Huberty, speaking with Bloomberg, laid out the case that the recent stock market sell-off hasn’t been selective. In fact, she argues that it has been “indiscriminate,” where investors continue dumping stocks linked with the AI trade without separating the wheat from the chaff.
Billionaire investor George Soros made major changes to his U.S. stock portfolio in the fourth quarter of 2025, boosting bets on AI chip and megacap tech companies. With the tech-heavy Nasdaq Composite down about 1.8% year to date, perhaps his fund’s recent moves can offer investors some hints. Soros is a legendary hedge fund manager
Between rising operating costs and increased competition in not just large but increasingly regional markets, the past model of luring travelers in with rock-bottom fares and making up for the difference with fees for features like baggage and seat selection has stopped being profitable for most low-cost airlines. As the pressure of two bankruptcies filed
After filing for bankruptcy, closing dozens of locations, and facing mounting losses, a once-iconic seafood chain is now considering further restaurant shutdowns to stabilize its business and return to growth. For many customers, the chain’s financial troubles signaled the potential end of an era, taking along with it its Cheddar Bay Biscuits and the popular
As markets bet on deeper interest-rate cuts, Americans could see borrowing costs fall more than expected this year. Chicago Fed President Austan Goolsbee, pointing to fresh inflationdata, said there is potential for more interest-rate cuts this year, but only if inflation continues to dip toward the central bank’s 2% target. Traders priced in higher odds
Luxury fashion may portray an image of glamor and exclusivity, but not all that glitters is gold. Behind the more than five-figure price tags and highly coveted brand names, the industry has struggled with declining sales and cautious consumer spending amid ongoing economic uncertainty. Founded in 1963, Kering is the French multinational luxury goods group
In a market driven by strong traveler numbers but also considerable competition, hotels without the resources of a large chain often find themselves in a financial situation that forces them to file for bankruptcy protection. The abrupt collapse of the company behind hotels such as The Tuscany and Hotel 27 in New York City left