The insistent refrain “new all-time record” has been played so often recently that it sounds like a broken record. For readers born after the age of vinyl, the term refers to when the needle gets stuck in a groove, repeating a phrase over and over until you either move the arm or throw the record
Investing
Hedge fund manager Stanley Druckenmiller said Friday he agrees with fellow billionaire investor David Tepper’s optimism on the market and said he, too, is still “riding the horse.” “I revealed a very bullish posture intermediate term since October when [Fed Chairman Jerome] Powell guaranteed he would not rescind the insurance cuts,” Druckenmiller said in an
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 15, 2020. Brendan McDermid | Reuters Wall Street may be getting a bit too excited about the stock market’s hot start to the new year. The S&P 500 has already jumped nearly 3% for 2020, rising more than
Jeff Bezos CEO of Amazon. Joe Klamar | AFP | Getty Images There’s an exclusive club on Wall Street and it might let Amazon back in this year. The so-called trillion-dollar club, which includes tech giants Apple, Microsoft and now Google-parent Alphabet, is the group of companies with a market value of $1 trillion or
Aerion Supersonic as2 NEW YORK CITY – Supersonic air travel is only a few years from returning if a small U.S. company succeeds in developing its next-generation jet. Nevada-based Aerion expects to begin flying its AS2 supersonic jet by 2024, the company’s CEO Tom Vice said on Thursday, speaking at a UBS conference in New