- BusinessMarketWatch•6 hours ago
Mirror, mirror on the wall, which asset is most mispriced of all? According to a Goldman Sachs alum who predicted the financial crisis in 2008, it’s gold. The precious metal should be a lot more expensive when the likelihood of a global financial collapse and a move toward negative interest rates is accounted for, says Global Macro Investor founder Raoul Pal, who now sees a U.S. recession within 12 months. Recent losses for gold may have dented investor confidence. Gold GCZ6, +0.13% is up 18% this year, but the first full week of October marked its worst seven-day performance in over three years; it also posted a three-month loss of nearly 6% on a continuous basis. Uncertainty about Brexit and
- BusinessSilicon Valley Business Journal•yesterday
Hewlett Packard Enterprise has a rough road ahead as it faces layoffs, spinoff fallout and the sale of three IP/tech portfolios. HPE, created almost a year ago out of the breakup of Hewlett-Packard Co., began laying off staffers this week, according to social media buzz and the Layoff.com. HPE spokeswoman Meghan Fintland confirmed to GeekWire that “previously announced restructuring changes took place.” “Workforce changes that are part of a company-wide strategy to give HPE the needed workforce to be a more nimble customer and partner-centric company,” Fintland told GeekWire. The news comes a week after HP Inc., which sells printers and PCs, revealed plans to eliminate an additional 3,000 to
- financeNicole Sinclair•7 days ago
Many Wall Street analysts point to the expensive market—especially amid uncertain times—as a key reason for downside ahead.