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☆ Bridgewater's tech chief is leaving the hedge fund giant for Microsoft to focus on the 'relentless tide of cyber threats'
▼ + stars: | 2023-08-10 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

He told Insider he's making the move to help combat cybersecurity on a broader scale. Igor Tsyganskiy, chief technology officer and president, is leaving the world's largest hedge fund after seven years, Insider has learned. Prior to Bridgewater, Tsyganskiy ran database.com, a division of Salesforce.com, and was the cofounder of Tealeaf Technologies, which was sold to IBM. Bell recently told Insider that AI would give Microsoft the upper hand to "finally turn the tables on the attackers." "Basically, end-to-end strategy on how Microsoft approaches the cybersecurity sector is my job," Tsyganskiy told Insider.

Persons: Igor Tsyganskiy, Tsyganskiy, Greg Jensen, Bridgewater's, Oliver Radwan, Kevin Brennan, Ray Dalio, Nir Bar Dea, Bridgewater, Charlie Bell, Bell Organizations: Bridgewater, Microsoft, LinkedIn, Tealeaf Technologies, IBM, Web Services Locations: Bridgewater, Bay Area, Connecticut, Westport , Connecticut, Salesforce.com

☆ Connecticut's sprawling Copper Beech Farm estate sells for a record-breaking $139 million — see inside
▼ + stars: | 2023-08-05 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +1 min

The estate once held the record for the country's most expensive home sale at $120 million in 2014. The property's seller is an LLC with ties to financier Ray Dalio, the Wall Street Journal reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The seller of Copper Beech Farm was The Conservation Institute LLC, a Connecticut company that has ties to hedge fund billionaire Ray Dalio, the Wall Street Journal reported. Sotheby's International Realty's Leslie McElwreath and Joseph Barbieri represented the seller and Stephanie Bo Li of Douglas Elliman represented the buyer.

Persons: Ray Dalio, Ken Griffin's, Leslie McElwreath, Joseph Barbieri, Stephanie Bo Li, Douglas Elliman Organizations: Wall Street Journal, Service, Conservation Institute Locations: Wall, Silicon, Greenwich , Connecticut, New York City, Connecticut

☆ Wall Street starts fretting about US debt again after months of easy stock-market gains
▼ + stars: | 2023-08-02 | by ( Joseph Wilkins | George Glover | ) www.businessinsider.com time to read: +3 min

Stocks have racked up easy gains over the past few months thanks to AI and cooling inflation. But investors are suddenly worried about debt again after Fitch slashed its credit rating for the US. The last time this happened was 2011 – and the S&P 500 took six months to recover its losses. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. In response, the S&P 500 dropped 6.5% and took a further six months to recover its losses.

Persons: Fitch, –, It's, Stocks, AJ Bell's, Laith Khalaf, Fitch's, Ray Dalio Organizations: Service, Poor's, House Locations: Wall, Silicon, –, Washington –, Canada

☆ The one thing Elon Musk, Ray Dalio, Apple and Goldman Sachs agree on: India
▼ + stars: | 2023-07-30 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

The nation's booming tech scene, buoyant stock market, and youthful population are just some of the factors going for it. Billionaire investor Ray Dalio has said the country is ready for rapid growth, while Elon Musk has highlighted the prospect of Tesla building a factory there. Apple CEO Tim Cook has also voiced his optimism toward India, while Goldman Sachs predicts the South Asian economy to surpass the US in size by 2075. Goldman Sachs expects the South Asian nation's GDP to surge to $52.5 trillion by then, from $3.4 trillion at the end of 2022. His sanguineness toward India has seen Apple open its first two stores in the country earlier this year.

Persons: Ray Dalio, Elon Musk, Tim Cook, Goldman Sachs, Here's, Tesla, Musk, Narendra Modi, Modi, Dalio, Deng Xiaoping, Mark Mobius, Mobius, —, He's Organizations: Service, Billionaire, Apple, Wall, Elon, Twitter, Reuters, Bridgewater Associates, Bloomberg, Big Tech Locations: India, Wall, Silicon, China, Washington, Beijing

☆ The US bond market is on the verge of a major breakdown - and that will send mortgage rates to levels unseen since 2000 and fuel more banking trouble, economist says
▼ + stars: | 2023-07-28 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +4 min

US bond market is on the verge of a "major breakdown" that will boost government debt costs and hurt banks, Peter Schiff said. That would also send benchmark mortgage rates soaring to 8%, a level unseen since 2000, according to him. Bond yields move inversely to prices. The Fed raised its benchmark rate this week by 25 basis points to a 22-year high, bringing the total increases since the spring of 2022 to a whopping 525 basis points. Higher bond rates would also boost the government's debt costs, adding pressure on the country's already-stressed public finances, according Schiff.

Persons: Peter Schiff, Schiff, Ray Dalio Organizations: Service, Pacific Asset Management, Federal Reserve, Fed Locations: Wall, Silicon, Treasuries

☆ Billionaire investor Ken Fisher 'debunks' debt-crisis risk Ray Dalio warned of - borrowings are 'not the problem you think it is'
▼ + stars: | 2023-07-18 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Veteran investor Ken Fisher has waved aside concerns that the US is on the brink of a debt crisis. In contrast, billionaire investor Ray Dalio recently warned that the nation is at the start of a "big cycle debt crisis". This astronomical figure has worried many Americans: high-profile investor Ray Dalio warned the nation is at the start of a "late, big cycle debt crisis." Among the most vocal was Bridgewater Associates founder Dalio, who rated the debt-ceiling deal Grade D and predicted the start of a debt crisis, caused by a demand-supply mismatch. "In my opinion, we are at the beginning of a very classic late, big cycle debt crisis, when the supply-demand gap, when you are producing too much debt and have a shortage of buyers," Dalio said last month.

Persons: Ken Fisher, Fisher, Ray Dalio, Dalio Organizations: Service, Privacy, Treasury, Fisher Investments, Bridgewater Associates Locations: Wall, Silicon

☆ US stocks jump as investors cheer lowest inflation reading in over 2 years
▼ + stars: | 2023-07-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Headline inflation eased to just 3% in June, marking the lowest inflation reading in 2 years. Core inflation, meanwhile, posted a year-per-year increase of 4.8% last month, below the expected 5%. Meanwhile, core CPI, which excludes volatile food and energy prices, rose 4.8% year-per-year, below economists' estimates of a 5% increase. The AI revolution is here and will spark a 15% rally in tech stocks, according to Wedbush's Dan Ives. A recession is looking less likely as inflation cools and the job market stays resilient, according to top economist Paul Krugman.

Persons: Neil Birrell, Ray Dalio, Wedbush's Dan Ives, Paul Krugman Organizations: Service, of Labor Statistics, Federal Locations: Wall, Silicon

☆ The debt crisis Ray Dalio warned of may already be happening as US borrowings surge by $1 trillion in just weeks
▼ + stars: | 2023-07-12 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Billionaire investor Ray Dalio's prediction of a US debt crisis may be coming true already. US national debt surged by $1 trillion in just one month since the borrowing ceiling was lifted by Congress. Dalio warned last month that the agreement made no difference and would only add to the nation's mounting debt pile. "Dealing with the problem of adding too much to a pile of debt that is already too large: Grade D," Dalio said. "In my opinion, we are at the beginning of a very classic late, big cycle debt crisis, when the supply-demand gap, when you are producing too much debt and have a shortage of buyers," Dalio said.

Persons: Ray, Dalio, Ray Dalio, Charlie Bilello, Warren Buffett Organizations: Congress, Service, Creative Planning, Republicans, Berkshire Hathaway, Bridgewater Locations: Wall, Silicon, Dalio

☆ Billionaire investor Ray Dalio says deep-sea exploration is no riskier than driving a car if safety standards are met
▼ + stars: | 2023-07-06 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +4 min

Deep-sea expeditions are "very safe" as long as established safety protocols are followed, Ray Dalio said. "Diving in a classed submersible is no more risky than taking a commercial flight or driving in a car," he said. The billionaire investor is the founder of nonprofit initiative OceanX, which is currently planning explorations in Norway's fjords, the Red Sea and the Indian Ocean. But billionaire investor Ray Dalio, also the founder of the nonprofit ocean exploration initiative OceanX, has pushed back against the paranoia. As author of 'Principles', a guide to his management and investment philosophy, Dalio often weighs in on financial and economic matters.

Persons: Ray Dalio, —, Hamish Harding, Dalio, OceanX, Dalio's, Mark Dalio Organizations: Service, Bridgewater Associates, OceanGate, Stockton Rush, Bridgewater, Forbes Locations: British, Azores, India, China

☆ Ray Dalio just named which major economy presents the biggest investment opportunity
▼ + stars: | 2023-06-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

This morning we have stories on Ray Dalio, the topsy-turvy housing market, troubled commercial real estate, and more. Ray Dalio said India presents the next big investment opportunity. Troubled assets in the sector just reached $64 billion, climbing 10% in the first quarter of the year. The housing market suggests that the US economy dodged the recession bullet. According to Carson Group, recent strength in housing starts and building permits indicates that construction groups are confident about demand.

Persons: I'm Phil Rosen, Ray Dalio, topsy, Buckle, Eoin Noonan, it's, There's, Warren Buffett, Melinda Gates, Fundstrat's Tom Lee, Phil Rosen, Jason Ma, Nathan Rennolds Organizations: Getty, Berkshire Hathaway, Melinda Gates Foundation, Carson Group, Manheim, Homeowners, Bank of America Locations: India, China, Russia, Ukraine, New York, Los Angeles, London

☆ Billionaire Ray Dalio hails India as the next big investing opportunity, saying its economy is on the verge of a China-style rapid surge
▼ + stars: | 2023-06-23 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Ray Dalio praised India's economic potential Thursday after meeting with the country's prime minister Narendra Modi. The Asian country is "at the brink of the fastest growth rates and biggest transformations in the world," the billionaire investor said. Tesla CEO Elon Musk also met Modi this week, pledging to ramp up the EV maker's presence in India. Legendary investor Mark Mobius also said he was bullish on investing in India – which logged strong GDP growth of 7.2% last year – this week. Read more: Legendary emerging markets investor Mark Mobius — who's known for his bullish views on China — is now setting his sights on India

Persons: Ray Dalio, Narendra Modi, Elon Musk, Modi, —, Dalio, Deng Xiaoping, Mark Mobius, Mobius Organizations: Service, Bridgewater Associates, Twitter, Mobius Capital Partners, Bloomberg Locations: India, Washington, Beijing, China

☆ U.S. and India set to announce flurry of deals spanning defense, chips and A.I.
▼ + stars: | 2023-06-22 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

Mandel Ngan | Afp | Getty ImagesThe U.S. and India are set to announce a slew of defense and technology collaborations on Thursday during Prime Minister Narendra Modi's state visit, U.S. officials said. India has overtaken China as the world's most populous country and is set to become the third-largest economy in the coming years. According to Reuters, Modi has not addressed a single press conference in India since he became prime minister in 2014, making this an extremely rare occasion. India and the U.S. are expected to announce a deal to jointly produce F414 jet engines in India, involving General Electric and Hindustan Aeronautics. Thirdly, the so-called India-U.S. Defense Acceleration Ecosystem will aim to integrate India's growing private sector defense industry with the U.S. defense sector.

Persons: Joe Biden, Jill Biden, Narendra Modi, Mandel Ngan, Narendra Modi's, Modi, Elon, Ray Dalio, we've, Gary Dickerson, Dickerson, Brendan Mullarkey Organizations: India's, White, Afp, Getty, Tesla, Bridgewater Associates, Biden, Reuters, General Electric, Hindustan Aeronautics, U.S, U.S . Defense, Tech, NASA, Indian Space Research, Embassy Locations: Portico, Washington , DC, India, U.S, China, United States, Pakistan, Russia, France, Great Britain, Israel

☆ 'Avatar' filmmaker James Cameron and billionaire Ray Dalio invested in a submarine company. See inside the submersibles popular with the über-rich.
▼ + stars: | 2023-06-20 | by ( Grace Kay | ) www.businessinsider.com time to read: 1 min

In December, Triton Submersibles announced that Bridgewater's Ray Dalio and Hollywood filmmaker James Cameron had each taken an equity stake in the company. James Cameron (left) and Ray Dalio (right). Its not the first time the two men have worked together. In 2021, National Geographic announced a docuseries called "OceanXplorers" executive produced by Cameron and Dalio. Source: Triton Submersibles, National Geographic

Persons: Triton Submersibles, Ray Dalio, James Cameron, Getty, Cameron, Dalio Organizations: National Geographic

☆ Ray Dalio says Treasurys are risky, and stocks are a better bet here
▼ + stars: | 2023-06-12 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Ray Dalio thinks U.S. government bonds are becoming risky as the country falls deeper into its debt crisis. "I think it's a very risky investment," Dalio said Monday on CNBC's " Squawk on the Street " when asked about Treasurys. "Other countries still are increasingly feeling worried about sanctions," Dalio said. In such an environment, equities tend to do better than government bonds, Dalio said. It devalues money," Dalio said.

Persons: Ray Dalio, Dalio, Richard Nixon Organizations: Bridgewater Associates, Federal Reserve

☆ Bridgewater founder Ray Dalio: Today's main problem with banks is they own too many treasuries
▼ + stars: | 2023-06-12 | 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 EmailBridgewater founder Ray Dalio: Today's main problem with banks is they own too many treasuriesRay Dalio, Bridgewater founder, joins 'Squawk on the Street' to discuss how Dalio relates to all macroeconomic headwinds, Dalio's thoughts on the country's debt, and more.

Persons: Ray Dalio Organizations: Bridgewater

☆ Ray Dalio shares career lessons, big mistakes, and key investing principles in a new MasterClass. Here are the 16 best quotes.
▼ + stars: | 2023-06-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Ray Dalio reflects on his career and lays out his investing philosophy in a new MasterClass episode. Dalio is the billionaire founder of the world's largest hedge fund, Bridgewater Associates, and the author of "Principles" and "Principles for Dealing with the Changing World Order." Here are Dalio's 16 best quotes from his MasterClass episode, lightly edited for length and clarity:1. (Dalio was describing how much money an everyday investor should keep in the safest of their portfolios." "The way that you play the game is first to know what you know, and know what you don't know.

Persons: Ray Dalio, —, he's, Dalio, Nixon, Roosevelt, it's, we've, you've, they've Organizations: Bridgewater, Olympics, Navy, Service, Bridgewater Associates Locations: Mexico

☆ The free lunch is over for Wall Street's programmers
▼ + stars: | 2023-06-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

For as long as I can remember, the safest place on Wall Street for job security was in tech. But according to one Wall Street billionaire, that sentiment won't hold true for much longer. As Insider's Paige Hagy reports, Griffin instead highlighted how programmers need to position themselves to provide the most value to companies in this post-ChatGPT world. In the before times (pre-ChatGPT), no one was really questioning the value programmers were adding. At least that's the take from Wall Street vet Marty Chavez.

Persons: Dan DeFrancesco, Pharrell Williams, we've, BlackRock's, I'm, Wutthichai, Ken Griffin, Griffin, Griffin wasn't, Insider's Paige Hagy, it's, Read, Flo Rida, Drake, Tommaso Boddi, Erica, John Waldron, Kim Kardashian, Marty Chavez, he's, Ray Dalio, Everybody's, Jeffrey Cane, Nathan Rennolds Organizations: Bank of America, Wall Street, BlackRock, Goldman, SKKY Partners, Wall, Bridgewater, LinkedIn Locations: NYC, London, BlackRock, New York

☆ Billionaire investor Ray Dalio says the US is at the start of a debt crisis - and worse times are ahead for the economy
▼ + stars: | 2023-06-08 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Bridgewater founder Ray Dalio said the US is at the start of a "late, big cycle debt crisis." The billionaire investor warned there's a shortage of buyers at a time when the US is selling so much debt. He added the US economy faces tougher times ahead - and forecast a balance-sheet recession. "When one looks at the buyers, there appears to be a significant shortage of the buyers for that government debt. Looking ahead, Dalio was downbeat.

Persons: Ray Dalio, there's, —, Dalio, Joe Biden, we're Organizations: Bridgewater, Service, Privacy, Bloomberg Invest, Congress, Treasury

☆ Republican presidential candidate slams Elon Musk for saying the US and China's interests are 'intertwined like conjoined twins'
▼ + stars: | 2023-06-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Vivek Ramaswamy has called some of Musk's comments to Chinese officials "deeply concerning." According to Chinese officials, Musk said he's opposed to the two nations weakening economic ties. Republican candidate Vivek Ramaswamy has called some of Elon Musk's comments to Chinese officials "deeply concerning." According to a statement from the Chinese foreign ministry, Musk told officials he's opposed to the two countries weakening their economic ties. He described the US and China's interests as "intertwined like conjoined twins," according to the ministry's statement.

Persons: Vivek Ramaswamy, Musk, he's, Elon Musk's, he'd, Ramaswamy, Ma, Zeng Yuqun, Fu, Tesla, Ray Dalio, Matthew Loh Organizations: Morning, Twitter, Chinese Communist Party, Weibo, Reuters, Fu Yan Locations: China

☆ 3 reasons why even China doesn't want the yuan to replace the dollar as the world's reserve currency
▼ + stars: | 2023-05-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +8 min

The Chinese yuan is one of the top contenders challenging the USD's dominance as a reserve currency. However, Beijing may not be fully supportive of making the yuan the reserve currency of choice. Here's why even China isn't that keen on de-dollarizing the world economy and making the yuan the top reserve currency. So, the US will need to contend with ever larger amounts of deficit, in order to maintain its pre-eminent reserve currency position. Given the issues standing in Beijing's way, it's unlikely for the yuan to take over the greenback's position as the world's reserve currency of choice, said Green.

☆ Reader mailbag: From the impact of a US default to analyzing the IPO market, all your questions answered
▼ + stars: | 2023-05-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

An inverted yield curve means that short-term bonds offer better returns than long-term bonds, which seems counterintuitive. Well, there is a case to be made for an inverted yield curve not being a sign of an impending recession. Click here for more on why experts are questioning the inverted yield curve's reliability as an economic predictor. I suppose any number of companies going public might seem like a lot amid the current drought, but it still seems like slim pickings. On the one hand, a company going public now must have supreme confidence in its business.

☆ Blackstone, the massive private-equity firm, just wants to be your friendly, neighborhood lender
▼ + stars: | 2023-05-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Your friendly neighborhood lender, BlackstoneWhat's the first thing that pops into your head when you think of a regional bank? Nouriel Roubini, the famed economist known as "Dr. Doom" isn't too optimistic about the future of regional banks. Never one to miss a chance to make money, Blackstone CEO Stephen Schwarzman said his firm can "fill the void" left by regional banks tightening up their lending activity. Regional banks happen to be one of the biggest lenders in commercial real estate. Doom' is feeling bearish on regional banks.

☆ Billionaire Ray Dalio's family built a huge extension on the roof of their NYC building. Now, a neighbor is worried his entire apartment will collapse — he's suing.
▼ + stars: | 2023-05-24 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Ray Dalio's neighbor is suing over a renovation project at his family's SoHo residence. The Dalio family is building a penthouse on top of its sixth-floor apartment, the NYT reported. The Dalios' neighbor said in a lawsuit that the project could cause his nearby apartment to collapse. The neighbor says he's worried his own apartment could collapse, the New York Times reports. During the pandemic, the Dalio family began construction on a penthouse on top of their sixth-floor SoHo apartment, the Times reported.

☆ This investor holds $74 million in Tesla stock. Here's why he's bullish on the future of Elon Musk's EV company.
▼ + stars: | 2023-05-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Phil Rosen here — today I'm excited to share my conversation with a high-profile Tesla shareholder who recently campaigned for a board seat at Elon Musk's company. Twitter CEO Elon Musk appearing at a 2022 Tesla event. Suzanne Cordeiro/AFP via Getty ImagesRoss Gerber is the cofounder and CEO of Gerber Kawasaki Wealth and Investment Management, and holds 420,000 shares of Tesla stock, or about $74 million based on Tesla's current stock price. RG: You gotta own Tesla in your portfolio with Elon re-focused on Tesla. The strength of the US consumer is at risk as 43 million borrowers are set to resume student loan payments.

☆ China-Taiwan tensions could grip 2024 election as top business leaders sound alarms
▼ + stars: | 2023-05-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +12 min

China's policy regarding Taiwan, the world's leader in the semiconductor industry, could end up making it an even bigger focus. The cross-strait strife has already provoked commentary from some top contenders in the Republican presidential primary race who have stressed the need to deter a possible Chinese invasion invasion of the island. But I think ultimately what I think China respects is strength," DeSantis said. 'Like trying to separate conjoined twins'But the political will to defend Taiwan in a Chinese invasion may clash with economic forces. Some CEOs of America's biggest banks have said they would pull their business from China if directed to do so following an invasion of Taiwan.

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