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☆ IMF raises its Asia growth forecast for 2024, highlights India's growth and China stimulus as key drivers
▼ + stars: | 2024-04-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

The International Monetary Fund raised its Asia growth forecast for 2024 on Tuesday, as it remained optimistic about India's growth and focused on the need for more stimulus from China. The IMF now expects Asia's economy to grow 4.5% this year, up 0.3 percentage points from six months earlier. The upward revision reflects upgrades for China, the IMF said, where it expects policy stimulus to provide support. India is currently the world's fifth-largest economy with GDP of $3.7 trillion and is aiming to become the world's third-largest by 2027. IMF's Srinivasan also wrote that strong private consumption will continue to drive growth in Asia's other emerging markets.

Persons: Krishna Srinivasan, IMF's Srinivasan Organizations: Monetary Fund, IMF Locations: Asia, China, Pacific, India

☆ Hydrogen Offers Germany a Chance to Take a Lead in Green Energy
▼ + stars: | 2024-04-30 | by ( Stanley Reed | Melissa Eddy | ) www.nytimes.com time to read: +1 min

In the city of Duisburg in Germany’s industrial heartland is a vast steel complex that is one of Europe’s largest polluters. If adopted widely, the devices could help clean up heavy industry, such as steel-making, in Germany and elsewhere. “We are maybe in one of those few very promising industries where Germany has a significant and very promising base,” said Werner Ponikwar, chief executive of ThyssenKrupp Nucera, which produces the electrolyzers. The company was spun off from ThyssenKrupp, a German steel giant, in 2023. Overall, German state and federal governments have earmarked €13.2 billion for investment in about two dozen projects to develop hydrogen.

Persons: ”, Werner Ponikwar, ThyssenKrupp Locations: Duisburg, Germany, ThyssenKrupp

☆ This emerging market fund has outperformed over 1, 5 and 10 years. Here's how
▼ + stars: | 2024-04-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

The global emerging markets fund managed by Aubrey Capital has achieved impressive returns over the past decade. This approach has helped the Aubrey Global Emerging Markets Opportunities Fund to post returns of 13.8% over the past year, nearly double the MSCI Emerging Market Index 's 8.2% gain. Aubrey's investment approach is based on its Global Emerging Markets Strategy , which oversees nearly $600 million of assets. Out of about 2,000 consumer-facing companies in the emerging markets universe, Aubrey is only invested in about 35. Nearly half the Aubrey Global Emerging Markets Opportunities Fund is invested in India.

Persons: Aubrey Capital, Mark Martyrossian, Aubrey, Martyrossian, Taiwan's, It's, Varun Organizations: Aubrey, CNBC, Aubrey Global, Fund, Global, PepsiCo, Companies, Arca Continental, Burger King, Arcos Dorados, DLF Locations: Turkey, South Africa, Hong Kong, China, India, United States, Mexico, Brazil, Delhi, Mumbai

☆ L'Occitane's billionaire owner to take firm private in $1.8 billion deal
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: +1 min

Hong Kong-listed L'Occitane International 's chairman and controlling shareholder will take the French skin-care firm private, valuing it at a maximum of HK$13.91 billion (US$1.78 billion), the company said on Monday. As part of the deal, Austrian billionaire Geiger's investment holding company L'Occitane Groupe in Luxembourg will pay HK$34 for each share not already owned, representing a 30.8% premium to the stock's last close of HK$26 on Feb. 5. L'Occitane Groupe owned 72.39% of the cosmetics company at March-end. The investment holding firm does not intend to increase the offer price for the deal, which comes a few months after Geiger shelved a buyout attempt for the company. J.P. Morgan will be the financial advisor for L'Occitane Groupe.

Persons: Reinold Geiger, Geiger, L'Occitane International's, J.P, Morgan Organizations: HK, Reuters, U.S, L'Occitane Groupe Locations: Hong Kong, Austrian, Luxembourg

☆ Magnificent 7 is not a monolith in this stock picker's market, says Alison Porter
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMagnificent 7 is not a monolith in this stock picker's market, says Alison PorterAlison Porter, Portfolio Manager of the Global Technology Fund at Janus Henderson, discusses mega-cap tech earnings, including upcoming results from Apple and Amazon.

Persons: Alison Porter Alison Porter, Janus Henderson Organizations: Global Technology Fund, Apple

☆ Earnings reports have sparked big swings for tech stocks. Here's what chart experts are watching
▼ + stars: | 2024-04-29 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

A whirlwind earnings week saw traders jumping in and out of some of the biggest stocks in the market. For example, shares of Meta Platforms fell 10.6% on Thursday after earnings beat expectations, but revenue guidance was weak . On a chart, those big post-earnings moves can leave "gaps" that may become a key area to watch going forward. What's next for Meta Meta looks like a potential example of the gap being filled after its sharp drop on Thursday. A macro view The big moves by tech giants this past week could make index-level trades a bit tricky.

Persons: John Butters, Katie Stockton, Stockton, What's, …, Frank Gretz, Wellington Shields, Gretz, Larry Benedict, Benedict Organizations: Meta, CNBC, Nvidia, Wellington, Intel, Microsoft Locations: FactSet

☆ Inside the investing strategy of Hunterbrook Capital, the news-driven hedge fund. Can it succeed in a ruthless industry?
▼ + stars: | 2024-04-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Small team, limited scopeThe hedge fund makes trades based solely on news from Hunterbrook Media, its media sister company, sometimes getting advanced copies of the articles and placing trades before publication. AdvertisementThe hedge fund, however, has just one sole full-time employee. Before a story is published on Hunterbrook Media, the firm's general counsel reviews it to make sure there's not any insider information — such as leaked earning figures — in it. AdvertisementIf the general counsel and the executives green light the story to be shared, then it goes to the hedge fund — in other words, Dunlevie and Horwitz — prepublication. Opportunities few and far between so farInvestigations from Hunterbrook Media so far have less than a 50% hit rate on turning into trades for the hedge fund.

Persons: —, Nate Anderson's Hindenburg, Carl Icahn's, Nathaniel Horwitz, Matt Murray, Paul Steiger, Bethany McLean, That's, Courtney Dunlevie, Horwitz, Sam Koppelman, Brian Koppelman, Dunlevie, Horwitz — prepublication, isn't, It's Horwitz, Matt, Pulitzer, Tony Horwitz, Geraldine Brooks, Cash, Hunterbrook, Marc Lasry, David Fialkow, Matt Cherwin, we're, " Horwitz Organizations: Service, Business, Hunterbrook, Hunterbrook Media, Wall Street, Barclays, Commonstock, Phoenix Suns, Avenue Capital, Catalyst, JPMorgan Locations: Italian, Korean, Brazil

☆ Florida’s 6-week abortion ban set to take effect this week
▼ + stars: | 2024-04-29 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +6 min

CNN —A stricter abortion law is set to take effect in Florida on Wednesday — dropping the state’s 15-week ban to a six-week ban — and it will likely affect thousands of people seeking abortion care within the first month alone. In Texas, the number of abortions provided within the formal health-care system dropped by about half after a six-week abortion ban took effect in 2021, and there were thousands more births than expected in the following year. Florida will join Georgia and South Carolina with a six-week ban. The Tampa Bay Abortion Fund anticipates that at least 90% of people who call their hotline will be impacted by a six-week abortion ban and will need to seek abortion care outside of Florida. The six-week ban will only exacerbate those barriers in the cruelest fashion,” Kris Lawler, president of the Tampa Bay Abortion Fund Board said in a statement.

Persons: Court’s Dobbs, Roe, Wade, It’s, don’t, —, Virginia —, ” Isaac Maddow, “, ”, Dobbs, Amber Gavin, that’s, Gavin, ” Gavin, Dr, Sanjay Gupta, ” Kris Lawler Organizations: CNN, Guttmacher Institute, ., Florida Supreme, CNN Health, Chicago Abortion, Abortion, Board Locations: Florida, Texas, South Carolina, Georgia, Delaware, Maryland, Virginia, North Carolina, Louisiana, Florida , North Carolina, New York, Tampa, Chicago

☆ Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
▼ + stars: | 2024-04-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. "All projects are moving full steam ahead," Faisal Al Ibrahim told CNBC's Dan Murphy on Monday at the World Economic Forum's special meeting in Riyadh. "We set out to do something unprecedented and we're doing something unprecedented, and we will deliver something that's unprecedented." Al Ibrahim stressed that the projects would be delivered according to plan, but with the qualification that decisions were being made for "optimal economic impact." "We see feedback from the market, we see more interest from the investors and we'll always prioritize to where we can optimize for optimal economic impact," he said.

Persons: Faisal Al Ibrahim, CNBC's Dan Murphy, Al Ibrahim, we'll Organizations: Bloomberg, Saudi, NEOM, Public Investment Fund Locations: Saudi, Riyadh

☆ World’s largest sovereign wealth fund says green backlash is a chance for it to 'phase in' — not out
▼ + stars: | 2024-04-29 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Norway's $1.6 trillion wealth fund added to its bets in the biggest technology companies last year after interest in artificial intelligence drove a surge in the sector. Norway's $1.6 trillion sovereign wealth fund says it will continue to advocate for investments based on environmental, social and governance (ESG) factors, brushing off the impact of a green political backlash. Analysts expect the outcome of this year's U.S. presidential election to determine whether the pushback against ESG investment strategies will have a deep and lasting effect. Nicolai Tangen, CEO of Norges Bank Investment Management (NBIM), told CNBC that the country's wealth fund continued to advocate for the ESG agenda. So that's important," Tangen told CNBC's "Squawk Box Europe" on April 23.

Persons: Nicolai Tangen, Tangen, CNBC's Organizations: Norges Bank Investment Management, Republican, Democratic, CNBC Locations: Oslo, Norway, United States, U.S

☆ Embattled grocery startup Getir exits the U.S. and Europe, will refocus on Turkey
▼ + stars: | 2024-04-29 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Companies such as Getir and Gorillas promise to deliver items to shoppers' doors in as little as 10 minutes. Grocery delivery startup Getir announced on Monday that it is quitting international markets including the U.K., Germany, the Netherlands and the U.S., marking a major setback for the once hyped online grocery industry. The Istanbul, Turkey-based firm said in a statement that it was withdrawing from its U.S. and European markets and would now refocus its financial resources on Turkey. The company said it raised a new investment round led by Abu Dhabi sovereign wealth fund Mubadala and venture capital firm G Squared "to bolster its competitive position in its core food and grocery delivery businesses in Turkey." Getir said it generates 7% of its revenues from the U.K., Germany, the Netherlands and the U.S."Getir expresses its sincere appreciation for the dedication and hard work of all its employees in the UK, Germany, the Netherlands, and the U.S.," the company said.

Persons: Abu, Getir Locations: Germany, Netherlands, U.S, Istanbul, Turkey, Abu Dhabi

☆ Bonds offer income and some volatility protection. Pick out the right bond fund for your portfolio
▼ + stars: | 2024-04-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

That said, in general, most investors would be best served buying a diversified bond fund, said Mulach. What to look for in bond fundsThere are several factors to consider when investing in a bond fund. Intermediate-core durations typically range between 75% and 135% of the three-year average of the effective duration of the Morningstar Core Bond Index. Top Morningstar Bond Funds Ticker Fund Morningstar Category Type 30-day SEC yield Adj. Aggregate Bond ETF can be a great option to simply replicate that index, he said.

Persons: Morgan Stanley, shouldn't, Morningstar, Mike Mulach, Chuck Failla, Failla, Mulach, You'll, Baird, BSBSX Baird, Morningstar's Organizations: Treasury, Federal Reserve, Sovereign Financial, Morningstar, SEC, Mutual, FLTB Fidelity, Fidelity, Hartford, Aggregate

☆ IMF chief concerned about the prospect of central banks diverging on rate cuts
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF chief concerned about the prospect of central banks diverging on rate cutsKristalina Georgieva, managing director of the International Monetary Fund, discusses the outlook for economic growth in Europe and reflects on the prospect of major central banks diverging on monetary policy.

Organizations: IMF, International Monetary Fund Locations: Europe

☆ Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?
▼ + stars: | 2024-04-29 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

A crucial question is hanging over the American economy and the fall presidential election: Why are consumer prices still growing uncomfortably fast, even after a sustained campaign by the Federal Reserve to slow the economy by raising interest rates? Some are essentially quirks of the current economic moment, like a delayed, post-pandemic surge in the cost of home and auto insurance. Others are long-running structural issues, like a lack of affordable housing that has pushed up rents in big cities like New York as would-be tenants compete for units. That borrowing is a result of a federal budget deficit that has been elevated by tax cuts and spending increases. It is helping to fuel demand for goods and services by channeling money to companies and people who then go out and spend it.

Organizations: Federal Reserve, International Monetary Fund Locations: New York

☆ It's going to be a massive week for the stock market
▼ + stars: | 2024-04-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

It's a big week for the stock market with a deluge of economic data set to be released. AdvertisementIt's going to be a massive week for the stock market as investors prepare for a deluge of economic data and corporate earnings results. Raymond James' chief investment officer Larry Adam highlighted the top five things to watch this week that could have a big impact on stock market prices. Finally, the April jobs report set to be released on Friday will be closely watched by investors. The jobs report will provide an update on the strength of the labor market," Adam said.

Persons: Raymond James, —, Larry Adam, Adam, Jerome Powell, Powell, Treasurys Organizations: Fed, Service, Treasury Department, Treasury, Apple, Investors, ISM Manufacturing, Manufacturing

☆ Watch Monday's full episode of Mad Money with Jim Cramer — April 29, 2024
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Monday's full episode of Mad Money with Jim Cramer — April 29, 2024"Mad Money" host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.

Persons: Jim Cramer —, Jim Cramer

☆ The Aggressive and Expensive Legal Team Defending Mayor Adams
▼ + stars: | 2024-04-29 | by ( Emma G. Fitzsimmons | ) www.nytimes.com time to read: 1 min

Not long after Eric Adams became the mayor of New York City, he quickly rewarded a cadre of loyalists with plum jobs in his administration. Now Mr. Adams is casting favor upon a new set of people looking out for his interests: defense lawyers. The firm has already been paid more than $730,000 by the mayor’s five-month-old legal defense fund. Mr. Adams intends to bring aboard Randy Mastro, a lawyer known for his aggressive tactics and roster of contentious clients and causes, to represent him as the city’s corporation counsel. Mr. Mastro would earn roughly $250,000 a year and would replace Sylvia Hinds-Radix, a former judge who has a more reserved style.

Persons: Eric Adams, Adams, WilmerHale, Randy Mastro, Mastro, Sylvia Hinds Organizations: of Locations: New York City, Southern, of New York, Turkish

☆ Gangs forced out Haiti’s government. This FBI ‘Most Wanted’ gang leader claims they’re liberating the country
▼ + stars: | 2024-04-29 | by ( Caitlin Stephen Hu | David Culver | ) edition.cnn.com time to read: +22 min

Port-au-Prince, Haiti CNN —Vitel’homme Innocent’s picture on the FBI’s “Ten Most Wanted” list of fugitives suggests a crazed man – eyes wide and wild, teeth bared. But the man on the gold sofa preferred to talk about a brighter future – one that he claims Haiti’s gangs are prepared to usher in. Abandoned cars on the road between the US Embassy and the Kraze Baryé stronghold in Port-au-Prince, Haiti, on April 28, 2024. Kraze Baryé employs around 100 men and women, according to Innocent’s lieutenant and cousin, the bleach-blond Dezod Augustin, 34. But Haiti’s gangs maintain they deserve a seat at the negotiating table.

Persons: Haiti CNN —, Innocent, Evelio Contreras, “, ” Innocent, de, –, Kraze Baryé, ”, Viv Ansanm, Ariel Henry, Henry, Kraze, “ It’s, ’ Marie, Lucie Bonhomme Opont, Pierre, Louis Opont, territoire perdue, Opont, ’, Jimmy Chérizier, Robin Hood, Sanjou, Dezod Augustin, Gedeon Jean, Prince, Baryé, Delmas, Antony Blinken, Haiti Dennis Hankins, Rick Barton, Haiti’s, CNN Jean, Henry’s, Jean, CNN’s Rachel Clarke Organizations: Haiti CNN, CNN, Haiti’s, Prince, de Mars, United Nations, Haitian National Police, ”, Kenya, Haiti’s National Police, CARICOM, US Embassy, Security, “, Washington, US, UN, Fund, Federal Bureau of, State Department Locations: Prince, Haiti, Tabarre, Haiti’s, Port, balaclavas, Haitian Creole, Haitian, Nairobi, “, Canada, United States, Kraze Baryé, American, France, Kenya, Bahamas, Bangladesh, Barbados, Benin, Chad, Jamaica, it’s, Atlanta

☆ From Wall Street to Silicon Valley, AI specialists are a hot commodity
▼ + stars: | 2024-04-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.

Persons: —, We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago

When you miss a mortgage payment, you incur late fees and hurt your credit score. But skipping mortgage payments comes with serious consequences that could include losing your house. Are you finding it hard to make your monthly mortgage payment? This allows you to pause your mortgage payments for a certain amount of time or, in some cases, make reduced payments instead. FAQsWhat should I do first if I realize I can't make my mortgage payment?

Persons: Craig Martin, Christian Mills, Freddie Mac, you've, you'll, it's, Aly J, Yale Aly J, Bob Organizations: Christian, US Department of Housing, Urban, Chevron, Yale, Forbes, Money Magazine, The Dallas Morning News, Bob Schieffer College of Communication, Twitter

☆ Opinion | Can Nonprofit News Save the South From Itself?
▼ + stars: | 2024-04-29 | by ( Margaret Renkl | ) www.nytimes.com time to read: +2 min

When I moved here in 1987, Nashville had two daily newspapers: a morning paper, The Tennessean, whose editorial page leaned left; and an evening paper, the Nashville Banner, whose editorial page leaned right. I recall with fondness that venerable newspaper, no matter that its editorial page did not align with my own politics. Today less than a dozen U.S. cities have two competing daily newspapers, and many communities have no local news source at all. It’s hard to conceive of a local newspaper, in print or online, that’s fully staffed and fully funded anymore. Gannett, the largest newspaper chain in the country, owns the daily newspaper in three of the four largest Tennessee cities, including The Tennessean in Nashville.

Organizations: Tennessean, Nashville Banner, Gannett Locations: Nashville, Tennessee

☆ Rolls-Royce is growing its factory so it can build cars more slowly
▼ + stars: | 2024-04-28 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

So this factory expansion isn’t about making more cars, but making more expensive cars, which takes more time and requires more space for workshops and storage of exotic materials. The Rolls-Royce Phantom Syntopia's has glass flecks to create sparkling designs. Before that, Rolls-Royce cars were built alongside Bentleys — Rolls-Royce had acquired Bentley in 1931 — at a factory in Crewe, UK. The Phantom Syntopia likely would have cost more than $3 million according to sources, although Rolls-Royce would not confirm an exact price. The Phantom Syntopia has a special Weaving Water design in its Starlight Headliner.

Persons: Royce, “ We’re, ”, Martin Fritsches, “ That’s, Bentleys —, Bentley, Stephan Winkelmann, Javier Gonzalez Lastra, Fritsches, Cullinan Organizations: CNN, BMW, Royce, Bentley, Volkswagen, Lamborghini, Ferrari, ” Lamborghini, Tema Locations: Chichester , England, Crewe, cabinetry

☆ Opinion: Small-town water systems are global cyber targets. Is your city next?
▼ + stars: | 2024-04-28 | by ( Opinion Robert M. Lee | ) edition.cnn.com time to read: +8 min

The town of Abernathy also reported a water system hack, and the towns of Lockney and Hale Center said hackers tried to breach their water infrastructure but did not succeed. Unlike how David was ready to take on Goliath, our most vulnerable critical infrastructure systems – including water infrastructure – are ill-prepared. The water attacks we’ve seen so far have not had serious consequences for the people they serve. According to the EPA, 90% of the nation’s community water systems are small, public systems bringing water to 10,000 or fewer customers. If we really want to help water utilities defend against cyber threats, we have to close the resource gap.

Persons: Robert M, Lee Dragos, David, we’ve, –, Iran –, Homeland Security’s Organizations: CNN, Cyber Army, Hale Center, Islamic Revolutionary Guard Corps, FBI, Rehabilitation, Government, Department, Homeland, Infrastructure Security Agency, National Security Agency, Environmental Protection Agency, Department of Homeland, Local Locations: Russia, Texas, Muleshoe, Abernathy, Lockney, Aliquippa , Pennsylvania, United States, China, North Korea, Iran, Department of Homeland Security’s State

Ron DeSantis of Florida met on Sunday morning, according to three people briefed on the meeting, the first time they’ve done so since the end of a bruising Republican presidential primary that Mr. Trump won while relentlessly attacking Mr. DeSantis. Mr. Trump is looking to bolster his fund-raising, an ability Mr. DeSantis demonstrated during the primary by tapping into a network of well-funded donors. And Mr. DeSantis — who has made clear he is interested in running for president again in 2028 — is seeking to shed the negative weight of his disappointing campaign. A spokesman for Mr. Trump didn’t respond to an email seeking comment. A spokesman for Mr. DeSantis declined to comment.

Persons: Donald J, Ron DeSantis, Trump, DeSantis, —, Mr, Steve Witkoff, DeSantis — Organizations: Trump, Gov, The Washington Post, Mr Locations: Florida, Hollywood, Fla

☆ The Fed will only cut rates when it's panicking over a recession and a market crash, Black Swan investor says
▼ + stars: | 2024-04-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Investors should be wary of coming Fed rate cuts, Black Swan investor Mark Spitznagel warned. That's because the Fed is only cutting rates in response to a weakening economy, Spitznagel told Reuters last week. The US could see a recession and major stock crash before rates head lower, he predicted. That's because the Fed is only likely to ease monetary policy when the economy is slammed with a recession and the market is flailing, according to famous "Black Swan" investor Mark Spitznagel. "There are lag effects when you reset interest rates like we had."

Persons: Black Swan, Mark Spitznagel, Spitznagel, —, Swan, Nassim Taleb Organizations: Reuters, Service, Federal Reserve, Universa, Federal, National Association of Business Economics, Investor

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