The Iran war has fired up value investing. But what next?

Shuli Ren, Bloomberg The Iran war has created a reshuffle in investing. High-flying tech companies are out while unloved old economy names are getting a second look.

The Iran war is reviving a popular trade in Japan

Shuli Ren, Bloomberg The Iran war is challenging Japan’s safe-haven assets, once again forcing domestic investors to seek better returns abroad. The yen slid past 160

The Iran war is costing China dearly, too

Shuli Ren, Bloomberg To think about how the Iran war affects China, you might take a look at Yiwu, a global trading hub in the eastern Zhejiang

Iran war is giving markets a Covid-like shock

Shuli Ren, Bloomberg As the Iran war drives oil prices towards $120 a barrel, a reckoning is finally coming for a reckless president and equally complacent financial

Are Hong Kong IPO Bankers Gatekeepers, or Glorified Porters?

Shuli Ren, Bloomberg As Hong Kong’s public listings boom heats up, investors and regulators are asking whether the city’s investment bankers know what they are doing —

Even In Warsh’s world, Bitcoin will be dumped for gold

Shuli Ren, Bloomberg The prospect of Kevin Warsh as the next chair of the Federal Reserve may have sapped the appetite of those trading on a sugar

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.

The curious market timing of Trump’s tariff threats

Shuli Ren, Bloomberg Donald Trump may know the art of dealmaking, but he certainly doesn’t know the art of stock-market timing. The timeline of his latest

Masayoshi son is going big on OpenAI

Shuli Ren, Bloomberg When Masayoshi Son bets big, it either marks the dawn of an era or the dusk of a tech cycle. The chairman of

Don’t want to be a ‘peasant’? Try thematic investing

Shuli Ren, Bloomberg You’ve got five more years — maybe less. In a fast-changing world turbocharged by President Donald Trump’s executive orders and AI, people need to

How to go from ‘Anywhere but China’ to ‘Buy China’

Shuli Ren, Bloomberg In the post-pandemic era, one of the ABCs of investing has been “anywhere but China.” Global investors have been steering clear as Beijing struggles

China’s Stock Boom Is Not a Repeat of 2015

Shuli Ren, Bloomberg China is in the midst a stock boom. The blue-chip CSI 300 Index is up 9% so far this month, while the tech-heavy ChiNext

Chamath Palihapitiya knows true American exceptionalism

Shuli Ren, Bloomberg Chamath Palihapitiya, the one-time king of SPACs, is back. And as usual, the co-host of the All-In podcast is not sugar coating his words.

JPMorgan’s OpenAI coverage is just the start

Shuli Ren, Bloomberg The trickle will soon be a flood. Wall Street banks are starting to cover firms that are not publicly traded. JPMorgan Chase &

HK’s economy has two gravity-defying puzzles

Hong Kong is confronted with two gravity-defying puzzles this year. Investors are asking why the city’s interest rates are so low, and yet the housing market is

New US tariffs cloud outlook for exporters in Asia and beyond

President Donald Trump’s new tariff rates on U.S. imports from dozens of countries took effect yesterday, the latest step in his ongoing reshaping of global trade. Yet many questions

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