Tag: stimulus
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Billionaire investor Seth Klarman lambasts the Fed for distorting markets – and says Tesla’s stock has surged ‘seemingly beyond all reason’
Seth Klarman, president and CEO of the The Baupost Group Getty Images/ Scott Olson Billionaire investor Seth Klarman warns stimulus and interest prices are hiding marketplace risks.The Baupost chief when shareholders to”frogs in water that is slowly being heated to a boil. “Klarman added that Tesla inventory has jumped”seemingly beyond all reason.” Visit Business Insider’s…
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Dow gains 251 points as tech giants rally and stimulus hopes persist
Andrew Burton/Getty Images US stocks rose on Monday as Democrats and Republicans inched closer to a stimulus compromise.Mega-cap companies including Apple and Amazon led indexes higher as investors rushed to the growth favorites.President Trump urged Republicans to speed up Amy Coney Barrett’s confirmation to the Supreme Court so that they can pass a new stimulus…
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Senate Minority Leader Chuck Schumer tears into ‘completely inadequate’ GOP stimulus proposal
Samuel Corum/Getty Images Democrats have to combine against Senate Republicans’ new, slimmed-down proposal for fresh stimulus, Senate Minority Leader Chuck Schumer said in a Thursday letter to his caucus. The GOP is floating a bill expected to cost $500 billion for replenishing select relief programs. The proposal”seems to be totally insufficient and, by every measure,…
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Clean energy is now a hot investment
Welcome to POLITICO’s new Sustainable Finance Spotlight — an extension of the Global Translations newsletter. Each week we track major issues facing the globe. Sign up here. Green economists have combined forces in an Oxford University paper to identify environmentally friendly public investments with quick positive economic effects. The authors, including Nobel laureate Joseph Stiglitz,…