Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Hedge fund managers braced against a market fall this month because of rising geopolitical risk between the U.S. and North Korea.
Tensions escalated again when North Korea launched a missile over Japan on Tuesday local time, driving U.S. stock index futures lower. In response, President Donald Trump later said in a statement, "All options are on the table" for North Korea.
Earlier in August, he warned that any additional threats from North Korea "will be met with fire, fury and frankly power the likes of which this world has never seen before. "
Hedge fund managers have been adjusting their portfolios. Bridgewater's Ray Dalio, manager of the world's largest hedge fund with $160 billion in assets, specifically cited the potential conflict between U.S. and North Korea leaders for his recommendation to buy safe haven assets.
"Prospective risks are now rising and do not appear appropriately priced in," Dalio wrote in a LinkedIn blog post on Aug. 10.
"Two confrontational, nationalistic, and militaristic leaders [are] playing chicken with each other, while the world is watching to see which one will be caught bluffing, or if there will be a hellacious war," he wrote.
"We can also say that if the above things go badly, it would seem that gold (more than other safe haven assets like the dollar, yen, and treasuries) would benefit," he added.
Dalio said investors should allocate 5 to 10 percent of their portfolios to gold.
In similar fashion, Pershing Square Capital Management's Bill Ackman also revealed he prepared for the possibility of a stock market drop due to rising geopolitical risk.
Ackman said during Pershing Square's second-quarter conference call on Aug. 16 that his firm took a "small position" in out-of-the-money call options on a volatility index.
This hedge "will protect against stock market risk," he said, citing a potential conflict on the Korean peninsula.