Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its...Investingread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
Stocks in Japan were the biggest losers among major markets in the region on Thursday, with the other Asian bourses following suit, amid a renewed threat to trade.Asia Marketsread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
Although the economy has been steady this year, at least one analyst has dire predictions, comparing the current period to the buildup to the Great Depression and warning that this fall is when things will come to a head.
Mark Yusko, CEO of Morgan Creek Capital, has been predicting bad news for the economy since January and he is sticking by that, saying Monday on CNBC's "Power Lunch " that he believes too much stimulus and quantitative easing has resulted in a "huge" bubble in U.S. stocks.
"I have this belief that we're flowing toward the path of 1928-29 when Hoover was president," Yusko said. "Now Trump is president. Both were presidents with no experience who come in with a Congress that is all Republican, lots of big promises, lots of things that don't happen and the fall is when people realize, 'Wait, it hasn't played out the way we thought.' "
He points to evidence of declining growth as well as that fall is a weak time traditionally for the U.S. economy as people return from vacation.
"[By the fall], we'll have a lot more evidence of declining growth. Growth has been slipping," he said.
However, it was not all gloom and doom as Yusko said the emerging markets were still strong places to invest.
"Growth is where you want to invest," he said. "All the growth is in the emerging markets, the developing world. It's really tough if you look around the developed world." he said profits in the United States are the same as they were in 2012.
Yusko said at the beginning of the year "every single analyst" said emerging markets were going to underperform the U.S. "That hasn't been the case," he said.
Indeed, in 2017 the iShares MSCI Emerging Markets ETF (EEM) has been up more than 18 percent while the has risen more than 8 percent.
S&P 500 (blue) vs iShares MSCI Emerging Markets ETF (green) in 2017
He also sees trends that are going to push interest rates down, making growth harder to find and emerging markets more attractive.