Ray Dalio fears ‘capital wars’ could follow Trump’s actions with countries dumping U.S. assets

Billionaire investor Ray Dalio warned that President Donald Trump’s aggressive political direction could spark a new phase of global financial conflict, as foreign governments and investors reconsider their appetite for U.S. assets amid rising unease and economic tensions. “On the other side of trade deficits and trade wars, there are capital and capital wars,” Dalio told…

Read More

Bessent says Powell attending Supreme Court arguments on Lisa Cook is a mistake

Federal Reserve Chair Jerome Powell shouldn’t attend upcoming Supreme Court arguments regarding President Donald Trump’s efforts to fire one of the central bank’s governors, Treasury Secretary Scott Bessent said Tuesday. CNBC reported Monday, citing a person familiar with the matter, that Powell plans to be present for oral arguments in a case that challenges Trump’s…

Read More

Venezuelans turned to Tether-issued USDT stablecoin as its government wobbled

The Tether (USDT) stablecoin logo. Costfoto | Nurphoto | Getty Images Amid the U.S. military intervention in Venezuela, locals rushed to secure their savings by converting their bolívares to dollar-pegged digital tokens called USDT. The timing of the attack may have been surprising to some, but Venezuelans subsequent embrace of stablecoins wasn’t. From the Middle…

Read More

Chinese EV giant BYD is a buy — and not just for its cars, Bernstein says

The poster child for China’s electric car boom is also an underappreciated leader in batteries. That’s the latest call from Bernstein, whose analysts this week reiterated an outperform rating on Hong Kong-traded shares of Chinese automaker BYD . BYD is the second-largest battery manufacturer in the world measured by electric vehicle installations — shipping 70%…

Read More