Business

Michael Burry prêt à assister à la projection de « The Big Short » au Ziegfeld Theater de New York, le 23 novembre 2015. ASTRID STAWIARZ / GETTY IMAGES VIA AFP Il était le héros du film The Big Short, le premier investisseur à avoir parié sur l’effondrement du marché immobilier et la crise dite des subprimes, ces emprunts à risques, qui allaient provoquer la grande crise financière de 2008. Dix-sept ans plus tard, Michael Burry jette l’éponge. Dans une lettre envoyée à ses investisseurs, le financier annonce la fermeture de son fonds, Scion Asset Management. « Chers investisseurs, c’est avec le cœur lourd que je vais liquider les fonds et rendre le capital d’ici la fin de l’année. Mon estimation de la valeur des titres financie...

Capitalist Pig hedge fund manager Jonathan Hoenig discusses the lingering impact of inflation on Americans’ finances and shares his exotic stock of the week on Varney & Co. The longest government shutdown in history has impacted the release of several key economic reports, including October inflation numbers that were due to be released on Thursday, leading to an increased focus on other gauges like those operated by the Federal Reserve. The Labor Department was scheduled to release the October consumer price index (CPI) on Thursday, but the report is delayed, and it's uncertain when or if the report will be released.While the official CPI data from the Bureau of Labor Statistics is unavailable, the Federal Reserve Bank of Cleveland has a "nowcast" that estimates present inflat...

Check out what's clicking on FoxBusiness.com. Mark Streit's lifelong goal was to always play in the National Hockey League, and that mission was accomplished long ago. Upon retirement, though, the 2017 Stanley Cup champion wanted to stay in the league in a different way — as a business partner.Since then, Streit has achieved his second NHL dream, as his luxury watch company, NORQAIN, has been named the league's first official luxury sports watch partner. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM Mark Streit of the Pittsburgh Penguins lifts the Stanley Cup after Game 6 of the 2017 Stanley Cup Final at Bridgestone Arena on June 11, 2017, in Nashville, Tennessee. (Dave Sandford/NHLI via Getty Images / Getty Images)"For most young hockey players, the dream is to play ...

Elevate Aviation Group CEO Greg Raiff breaks down how the shutdown could impact holiday flights and what passengers can do to stay ahead of the disruptions. The Department of Transportation (DOT) and the Federal Aviation Administration (FAA) issued an emergency order Wednesday evening freezing flight reductions at 6% amid a "rapid decline" in air traffic controller callouts. Flight reductions were initially implemented as airports and air traffic control towers suffered significant staffing shortages caused by the government shutdown, which President Donald Trump officially ended Wednesday night.The order from Transportation Secretary Sean Duffy and FAA Administrator Bryan Bedford said that staffing levels have improved, as there were only four staffing triggers on Wednesday compar...

Les chiffres sont éloquents. Passée entre 2021 et 2024 de 68,9 milliards à 53,6 milliards selon les données de la fédération France Assureurs, la provision pour participation aux bénéfices (PPB) des compagnies a diminué de plus de 15 milliards d’euros en trois ans. Elle retrouve ainsi peu ou prou le niveau qui était le sien fin 2018 (53,9 milliards d’euros), date à partir de laquelle les assureurs ont sensiblement renforcé ce matelas pour faire face à la chute inédite des taux obligataires qui étaient… négatifs en 2020 (− 0,1 %). Pour mémoire, cette réserve permet aux compagnies de mettre de côté une fraction des gains financiers dégagés par le placement des sommes drainées par les fonds en euros, avant de les redistribuer aux assurés dans les huit ans qui suivent ...

Sen. Shelley Moore Capito, R-W.Va., discusses Republican efforts to reverse Biden-era electric vehicle mandates on ‘Kudlow.’ Toyota announced Wednesday it has officially begun production at its new $13.9 billion battery manufacturing plant in North Carolina, while committing an additional $10 billion to bolster its U.S. manufacturing over the next five years. The 1,850-acre facility in Liberty, North Carolina, marks the automaker's first battery plant outside Japan and is expected to create up to 5,100 new American jobs, Toyota said."Today’s launch of Toyota’s first U.S. battery plant and additional U.S. investment up to $10 billion marks a pivotal moment in our company’s history," said Ted Ogawa, CEO of Toyota Motor North America. "Toyota is a pioneer in electrified vehicles, and ...

Check out what's clicking on FoxBusiness.com. F&F Fine Wines International Inc., a U.S.-based importer and distributor of premium wines, recalled more than 900,000 bottles of Kirkland prosecco after Costco warned customers that unopened bottles could spontaneously shatter. The recall involves certain glass bottles of Kirkland Signature Valdobbiadene Prosecco DOCG, which "can break or shatter, posing a laceration hazard," according to the Consumer Product Safety Commission (CPSC). F&F Fine Wines, which does business under the name Ethica Wines, issued the recall after receiving 10 reports of the bottles shattering or breaking, resulting in one laceration injury. COSTCO RECALLS CERTAIN WINE OVER RISK OF BOTTLES SPONTANEOUSLY SHATTERING The recalled bottles were sold in a gree...

Rachel Reeves is expected to limit how much workers can pay into pensions tax-free in the upcoming Autumn Budget. The move would mean hard-working savers could lose £22,000 as the Chancellor aims to raise a quick £2billion.Ms Reeves is poised to target salary sacrifice, which is currently not subject to National Insurance (NI). The popular perk allows workers to give up a slice of their gross pay in return for their employer paying the equivalent amount into their pension. However, the Chancellor has plans to cap how much you can save without paying National Insurance.As reported by The Sun, the plans would force workers to pay the full rate on any contributions they make over £2,000 a year. This means a worker earning £50,270, paying 6% of their salary, would be £80 worse off a year.An...

Barclays customers have been urged to "get an early start" and take advantage of a £900 bonus offer. The bank is offering a range of payments at the moment if you'll switch to them.This includes a payment if you move your current account to either a Barclays Bank Account or a Premier Current Account, for which you can be paid £200 or £400 respectively. On top of this, you can get up to £500 if you'll move your ISA savings over to Barclays.There is still some time left to cash on the offers, as you need to apply for your current account by November 28 and request your ISA transfer by November 29. But if you've got your eye on the extra funds, it may be prudent to act sooner rather than later.Nick Robinson, managing director at Yorkshire Accountancy, said: "Getting an early start on your ...

DWP benefit claimants have been urged to look out for a crucial letter. Ministers shared an update on the move to Universal Credit, as people on several older payment schemes are moved over to the new benefit.You will get a letter from the DWP, known as a managed migration notice. This will invite you to apply for the new benefit as your payments for your old benefits will eventually stop. In a DWP update, social security minister Sir Stephen Timms said: "If you get that letter asking you to move to Universal Credit, don't ignore it."It's crucial to respond, so you can keep getting the support you’re entitled to." The letter will explain when the deadline is for you to get in your application. You may be able to request more time if you have a good reason.You can arrange this by calling...