Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Adam Jeffery | CNBC Pershing Square’s Bill Ackman revealed Monday that he had covered his short position in long-term Treasurys, as he believes a fast-deteriorating economy would suppress bond yields. “There …

Artur Widak | NurPhoto | Getty Images The price of bitcoin rose to start the week, extending gains from the previous week helped by optimism about a bitcoin ETF and a flight to safety.  Bitcoin was trading about 2.7% higher at $30,716.24, according to Coin Metrics, and is coming off …

Israeli soldiers listen to Israel’s Defence Minister Yoav Gallant as he meets them in a field near Israel’s border with the Gaza Strip, in southern Israel October 19, 2023. Ronen Zvulun | Reuters Israel is widely expected to embark on a major ground incursion into Gaza, seeking to wipe the …

The bond vigilantes are coming back as investors continue to sell amid the prospect of higher for longer interest rates and a growing fiscal deficit, according to Kevin Zhao, head of global sovereign and currency at UBS Asset Management. The yield on the benchmark 10-year U.S. Treasury note rose above …

A partner at a Chinese semiconductor investment fund has welcomed the U.S. government’s ban of certain advanced chip types to be exported to China, describing the move as “great news” which may stimulate a domestic ecosystem.   Chloe Wang, a partner and vice-president at the Guangzhou-headquartered Yang Cheng Fund, said: …

Hon Hai Group’s headquarters, in Taipei, Taiwan, 15 July 2021. Ceng Shou Yi | Nurphoto | Getty Images Apple supplier Foxconn, officially known as Hon Hai, said it will cooperate with Chinese authorities on investigations, following a report that officials are conducting tax audit inspections and reviewing land use of …

3 in 4 of Gen Z would rather have a better quality of life than have extra money in their banks, a report by Intuit shows. Athima Tongloom | Moment | Getty Images For most people, their goal is to work hard, save money and retire early. But a “soft …

India could become the world’s second largest economy by 2075. And international businesses and investors alike are keeping their eyes on the country. Beyondmylens@Harsh | Moment | Getty Images Veteran investor David Roche said India “is a slow trundling elephant” that still has many hurdles, but is now a viable …

An aerial view of a residential district in Hong Kong. Chunyip Wong | E+ | Getty Images Hong Kong’s Chief Executive John Lee is set to address some major economic and social issues that the city faces in his second annual policy speech on Wednesday. Residents of the financial hub …

Shari Redstone, president of National Amusements and controlling shareholder of Paramount Global, walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023. David A. Grogan | CNBC Shari Redstone may have missed her window. Paramount Global‘s controlling shareholder is open …