The debasement trade is a real worry for Scott Bessent

Shuli Ren, Bloomberg For some on Wall Street, the investing world is already moving toward a de-facto gold standard. Look no further than foreign official reserves.

Why global bond markets are more prone to flash crashes

Shuli Ren, Bloomberg It’s happening again. From Japan to the US, the world’s biggest government bond markets seem increasingly unstable, prone to flash crashes. On Tuesday, what

An emerging markets supercycle has just begun

Shuli Ren, Bloomberg Are emerging markets just a one-trick pony? After a stellar 2025, risk-averse investors are getting cautious. After all, this asset class has been an

Jane Street’s HK foray hits only a small snag

Shuli Ren, Bloomberg At first glance, China’s scrutiny of Jane Street Group and other foreign firms that participate in its exchange-traded fund market seems like a major

Playing Venezuela’s bond game takes nerves of steel

Shuli Ren, Bloomberg It’s been eight years since Venezuela stopped paying its debt. But traders are making a wager that the ouster of Nicolas Maduro will deliver windfalls to

Saks’ gung-ho lenders are caught in a wholesale trap

Shuli Ren, Bloomberg What’s the value of an iconic department store brand if the shelves are empty? Bond investors of Saks Global Enterprises, which has the glitzy

Imagine OpenAI bonds and Labubu everywhere: Here’s to 2026

Shuli Ren, Bloomberg From an AI-fueled stock rally to China brushing off US tariff threats while posting a record trade surplus, 2025 delivered no shortage of economic

iShowSpeed or Not, China Travel Is Cool Again

Shuli Ren, Bloomberg Live streamer iShowSpeed, who has more than 46 million followers on YouTube, made quite a stir earlier in the year visiting China. His fans watched as

It’s better that China Vanke defaults now

Shuli Ren, Bloomberg Companies thrive and fail, and this is the natural evolution of business cycles. What’s unnatural, however, is a zombie firm that erodes investors’ interests

Tech cowboys, slow your credit binge. But don’t stop.

Shuli Ren, Bloomberg With corporate bond spreads widening and Oracle Corp.’s credit default swap spiking to a multi-year high, Wall Street is getting worried that a flood

How to rebalance your portfolio in a lofty market

Amy C. Arnott, CFA, Morningstar If you’ve chosen a target asset allocation—the mix of stocks, bonds, and cash in your portfolio— you’re probably ahead of many investors.

Big tech’s creative financing is fooling no one

Shuli Ren, Bloomberg Ambition comes at a cost. As tech companies race to build out their AI infrastructure, those doing creative financing deals are being penalized by

Does Mr. Big Short really get value investing… or AI?

Shuli Ren, Bloomberg Michael Burry, star of The Big Short, is too famous for his own good. News that his Scion Asset Management has decided to

Does the US now have a casino economy? Yes and no

Allison Schrager, Bloomberg There is a frenetic, sweaty-palm feel to the US economy lately. Markets are looking frothy and consumers are anxious, and meanwhile the gambling and stock markets are

The Nasdaq whale’s Nvidia sale smells desperate

Shuli Ren, Bloomberg Masayoshi Son, who runs the world’s biggest venture capital fund, is making waves again. His SoftBank Group Corp. has sold its entire stake

Vanke is reigniting the debate China wants to bury

Shuli Ren, Bloomberg China seems to find solutions to the world’s thorniest economic problems. Its exports juggernaut is marching on despite President Donald Trump’s tariffs. The domestic

A great wealth transfer is happening in China

Shuli Ren, Bloomberg Have you and your relatives fought over ancestral homes and inheritance? I am raising an uncomfortable question, I know. China’s billionaire families have

Hong Kong universities are outshining Tsinghua

Shuli Ren, Bloomberg Hong Kong is quickly becoming a college town. The number of non-local students, mostly from China, has nearly doubled since 2021, with the surge

SoftBank’s OpenAI ambition is too grand for banks

Shuli Ren, Bloomberg SoftBank Group Corp., the whale that has fattened the wallets of many wealthy Asians, is back to tease with high-yielding dollar bonds again.

The gilded age of private equity for the masses

Amy C. Arnott, CFA, Morningstar For most people, it’s natural to assume that if something is exclusive to the wealthiest echelons of society, it must be better.

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