Author: Daniel snow
Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023.Bloomberg | Bloomberg | Getty ImagesBridgewater Associates founder and billionaire Ray Dalio warned Monday that Moody’s downgrade of the U.S. sovereign credit rating understates the threat to U.S. Treasurys, saying the credit agency isn’t taking into account the risk of the federal government simply printing money to pay its debt.”You should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt,” Dalio said in a post on social media…
A look at why the publicly traded pharmaceutical giant is snapping the genetic-testing company out of bankruptcy. Source link
With millions of dollars in assets, the decision comes down to lifestyle in or out of retirement. Source link
U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via ReutersChina on Monday accused the United States of undermining the two countries’ preliminary trade agreement after the U.S. issued an industry warning against using Chinese chips.Beijing has “demanded” that the Trump administration “correct its mistakes,” calling the U.S. Commerce Department’s guidance “discriminatory” and “market distorting.””China urges…
The founder of Fair Trade USA, Paul Rice, explains on this week’s episode of From the Ground Up precisely how Gen-Z is making its mark on retail. Plus: The trade war’s potential toll on fair trade and human rights. Source link
“I do believe the U.S. was at risk of losing innovation” before Trump entered the White House, Wood said. Source link
A view of the 23andMe headquarters in Sunnyvale, California, on March 25, 2025.Tayfun Coskun | Anadolu | Getty ImagesRegeneron Pharmaceuticals on Monday announced it will acquire “substantially all” of 23andMe’s assets for $256 million.The drugmaker participated in a bankruptcy auction for 23andMe, a once high-flying genetic testing company that filed for for Chapter 11 bankruptcy protection in March. Regeneron is buying 23andMe’s Personal Genome Service, Total Health and Research Services business lines, according to a release.”We believe we can help 23andMe deliver and build upon its mission to help people learn about their own DNA and how to improve their…
Here’s how to protect yourself from unexpected fees when shopping for a used car. Source link
Imaginima | E+ | Getty ImagesLogistics startup Stord said Monday that it’s buying UPS subsidiary Ware2Go as it looks to expand its footprint in the e-commerce space.The company declined to provide specifics on the purchase price of the deal.The Atlanta-based company founded by former Thiel Fellow Sean Henry said the acquisition will boost Stord’s competitive edge as it looks to chip away at the e-commerce space dominated by the likes of Amazon.Ware2Go is a third-party delivery company that looks to make quick delivery more accessible for merchants, according to its website.Henry told CNBC the acquisition builds on the company’s push…
The S&P 500 rising above its 200-day moving average isn’t anything to bank on. Source link