Latest news with #BillGross
Yahoo
2 days ago
- Business
- Yahoo
Legendary fund manager sends blunt 6-word message on bitcoin
Legendary fund manager sends blunt 6-word message on bitcoin originally appeared on TheStreet. It's been a wild ride for markets since President Trump announced widespread tariffs on April 2. Trump's so-called 'Liberation Day' announcement included higher tariff rates than hoped, leading to investors reworking their expectations for the U.S. economy. There's evidence that a potential U.S. economic slowdown may already be underway, and despite ongoing tariff negotiations, risks remain that tariffs may push the economy into stagflation or outright recession. That risk continues to cast a shadow over risk assets, including stocks and cryptocurrency, which tend to perform best when wallets are fat and consumers and businesses are increasing spending, rather than ratcheting stock market sell-off was big, with the S&P 500 and Nasdaq Composite falling 19% and 24% from early-year highs, respectively. Bitcoin fell alongside stocks, losing 27% from its January high through April 8. The drop in risk assets was unsettling, but created opportunity for risk-tolerant investors to 'buy the dip.' Since President Trump paused most of the reciprocal tariffs announced on April 2 on April 9, the Nasdaq and bitcoin have surged higher by 28% and 39% respectively. The gains have been impressive, but not everyone is convinced it will be clear sailing from here. Veteran Wall Street bond manager Bill Gross has navigated good and bad markets since 1971. He co-founded Pacific Investment Management Co., or PIMCO, a huge firm with $2 trillion under management. He formerly managed over $270 billion via PIMCO's Total Return Fund, earning him the 'Bond King' nickname before moving to Janus Henderson Investors from 2014 to 2019. Gross offered a blunt message about bitcoin this week, and given his track record, his opinion is worth considering. There's been considerable debate about what will happen to the economy next. Many think tariffs will tax cash-strapped consumers later this year, lowering economic growth, even as businesses press pause on projects awaiting trade deal clarity. Others believe the risks of tariffs derailing activity are overblown and temporary. The jobs market arguably remains healthy, given that the unemployment rate is relatively low at 4.2%. However, unemployment is up from 3.4% in 2023, and companies announced 93,816 job cuts in May, up 47% year over year, according to Challenger, Grey, & uptick in joblessness prompted the Federal Reserve to cut interest rates by 1% last year; however, the Fed has paused on additional cuts over fear that reducing rates could swell inflation, given that tariffs are only beginning to be felt on prices. The Fed's hesitancy to cut interest rates has drawn sharp criticism from the White House, ostensibly because it recognizes tariffs may slow GDP, worsening unemployment. If the economy were to drop off, and the Fed remained unwilling to budge on interest rates, Congress may be unable to adjust fiscal policy fast enough to bridge the gap, given our deficit and mountain of debt. The U.S. deficit is over $1.8 trillion, representing roughly 6.4% of gross domestic product. Meanwhile, total public debt outstanding is approximately 122% of GDP, far higher than its 75% level in 2008 during the Great Recession. The economic uncertainty has led to bitcoin and gold finding willing buyers as market participants look to diversify risk. Bill Gross's 50 years of Wall Street experience mean he's seen many market pops and drops, including the Nifty 50, skyrocketing inflation in the 1970s, the S&L crisis in the late 80s and early 90s, the Internet boom and bust, the Great Recession, Covid, and the 2002 bear market. More Experts Fed official sends strong message about interest-rate cuts Billionaire fund manager sends surprising message on trade deficit Hedge-fund manager sees U.S. becoming Greece In short, Gross has been around the block, making his take on bitcoin worth paying attention to. Gross believes bitcoin is valuable because individuals and others widely hold it, and its supply is capped. "There are now approximately 19.4 million Bitcoins priced at about 107,000 each. The supply of total coins is capped at 21 million over the next few years of 'mining," wrote Gross recently on X. "While hard to estimate, approximately 90-95% are held by individuals, institutions, and the moment there is 'value' to a Bitcoin." However, Gross appears to think that bitcoin's value may be reflected in its price after its recent rally. "It is in the 'meme stock' world for the most part — more valuable than a Trump coin but subject to excessive volatility with underlying value hard to measure," wrote Gross. "There are better risk/reward opportunities," added Gross bluntly. "Any asset category using high leverage is a future risk not only to the asset itself but to the financial system as a whole."Legendary fund manager sends blunt 6-word message on bitcoin first appeared on TheStreet on Jun 7, 2025 This story was originally reported by TheStreet on Jun 7, 2025, where it first appeared. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Miami Herald
2 days ago
- Business
- Miami Herald
Legendary fund manager sends blunt 6-word message on bitcoin
It's been a wild ride for markets since President Trump announced widespread tariffs on April 2. Trump's so-called "Liberation Day" announcement included higher tariff rates than hoped, leading to investors reworking their expectations for the U.S. economy. There's evidence that a potential U.S. economic slowdown may already be underway, and despite ongoing tariff negotiations, risks remain that tariffs may push the economy into stagflation or outright recession. That risk continues to cast a shadow over risk assets, including stocks and cryptocurrency, which tend to perform best when wallets are fat and consumers and businesses are increasing spending, rather than ratcheting back. Related: President Trump sends harsh message to Federal Reserve on interest rate cuts The stock market sell-off was big, with the S&P 500 and Nasdaq Composite falling 19% and 24% from early-year highs, respectively. Bitcoin fell alongside stocks, losing 27% from its January high through April 8. The drop in risk assets was unsettling, but created opportunity for risk-tolerant investors to 'buy the dip.' Since President Trump paused most of the reciprocal tariffs announced on April 2 on April 9, the Nasdaq and bitcoin have surged higher by 28% and 39% respectively. The gains have been impressive, but not everyone is convinced it will be clear sailing from here. Veteran Wall Street bond manager Bill Gross has navigated good and bad markets since 1971. He co-founded Pacific Investment Management Co., or PIMCO, a huge firm with $2 trillion under management. He formerly managed over $270 billion via PIMCO's Total Return Fund, earning him the "Bond King" nickname before moving to Janus Henderson Investors from 2014 to 2019. Gross offered a blunt message about bitcoin this week, and given his track record, his opinion is worth considering. Image source: Bloomberg/Getty Images There's been considerable debate about what will happen to the economy next. Many think tariffs will tax cash-strapped consumers later this year, lowering economic growth, even as businesses press pause on projects awaiting trade deal clarity. Others believe the risks of tariffs derailing activity are overblown and temporary. The jobs market arguably remains healthy, given that the unemployment rate is relatively low at 4.2%. However, unemployment is up from 3.4% in 2023, and companies announced 93,816 job cuts in May, up 47% year over year, according to Challenger, Grey, & Christmas. Related: Analyst resets stocks, gold outlook after rally The uptick in joblessness prompted the Federal Reserve to cut interest rates by 1% last year; however, the Fed has paused on additional cuts over fear that reducing rates could swell inflation, given that tariffs are only beginning to be felt on prices. The Fed's hesitancy to cut interest rates has drawn sharp criticism from the White House, ostensibly because it recognizes tariffs may slow GDP, worsening unemployment. If the economy were to drop off, and the Fed remained unwilling to budge on interest rates, Congress may be unable to adjust fiscal policy fast enough to bridge the gap, given our deficit and mountain of debt. The U.S. deficit is over $1.8 trillion, representing roughly 6.4% of gross domestic product. Meanwhile, total public debt outstanding is approximately 122% of GDP, far higher than its 75% level in 2008 during the Great Recession. The economic uncertainty has led to bitcoin and gold finding willing buyers as market participants look to diversify risk. Bill Gross's 50 years of Wall Street experience mean he's seen many market pops and drops, including the Nifty 50, skyrocketing inflation in the 1970s, the S&L crisis in the late 80s and early 90s, the Internet boom and bust, the Great Recession, Covid, and the 2002 bear market. More Experts Fed official sends strong message about interest-rate cutsBillionaire fund manager sends surprising message on trade deficitHedge-fund manager sees U.S. becoming Greece In short, Gross has been around the block, making his take on bitcoin worth paying attention to. Gross believes bitcoin is valuable because individuals and others widely hold it, and its supply is capped. "There are now approximately 19.4 million Bitcoins priced at about 107,000 each. The supply of total coins is capped at 21 million over the next few years of "mining," wrote Gross recently on X. "While hard to estimate, approximately 90-95% are held by individuals, institutions, and the moment there is "value" to a Bitcoin." However, Gross appears to think that bitcoin's value may be reflected in its price after its recent rally. "It is in the "meme stock" world for the most part - more valuable than a Trump coin but subject to excessive volatility with underlying value hard to measure," wrote Gross. "There are better risk/reward opportunities," added Gross bluntly. "Any asset category using high leverage is a future risk not only to the asset itself but to the financial system as a whole." Related: Veteran fund manager resets stock market forecast amid Musk, Trump fallout The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Wire
4 days ago
- Business
- Business Wire
ProRata AI Signs Partnerships With More Than 500 Publications, Giving Gist.ai One of the Largest Licensed Content Libraries in Generative AI Search
LOS ANGELES--(BUSINESS WIRE)--ProRataAI Inc. ('ProRata') – developer of the first AI search engine built entirely on licensed content and committed to sharing revenue with publishing partners, has reached a significant milestone: more than 500 licensed publications now power answers. Recent content signings include Fast Company, Boston Globe Media, New York Magazine, Frommer's, Reader's Digest, The Nation, Newsday, The New Republic, The Philadelphia Inquirer, and Future, owner of specialist media sites such as Tom's Guide, Who What Wear, and Homes & Gardens. by @Prorata_ai now powers answers with content from 500+ licensed publishers—like The Boston Globe, Fast Company, and Vox—sharing revenue with creators and setting a new standard for ethical, reliable AI search. Share 'Publishers everywhere are rallying behind ProRata because we prove that generative AI can both honor creators and deliver an outstanding user experience,' said Bill Gross, CEO of ProRata. ' answers every query using 100 percent licensed content so consumers get authoritative, accurate answers and publishers share in the value their important journalism creates – all made possible by our state-of-the-art attribution technologies.' ProRata's patent pending attribution systems analyze AI output, measure the value of contributing content from contributing sources, and calculate proportional compensation. The company uses a proprietary algorithmic approach to score and determine attribution, enabling copyright holders to share in the upside of generative AI by being credited and compensated for their material on a per-use basis – turning AI from a threat into a new revenue stream. 'AI driven search does not have to be based on theft; publishers can, and should, be compensated for the use of their copyrighted material,' said Pauline Frommer, co-president of Frommer Media LLC. 'That's the radically ethical business model ProRata is pioneering, and why we at Frommer's, a company that has been at the forefront of travel journalism since 1957, are proud to partner with them.' Frommer added: 'No machine can sleep in a hotel bed to review a property, eat at a restaurant, or explore a new museum, amusement park, or monument. These tasks, and the writing that comes from them, will remain the work of human journalists, and compensation for that work is necessary for it to continue. ProRata provides a path forward for travel journalism, and, frankly, all journalism.' 'At Future, we're committed to growing the reach of our trusted brands by connecting global audiences with our high-quality, expert content,' said Andrew Min, VP, Global Partnerships & Licensing at Future. 'Our collaboration with allows us to distribute our specialist content across new and innovative platforms, helping more people find accurate information from sources they can trust.' Other recent additions to include Vox Media (parent company of New York Magazine, The Verge, Vox, and Eater), Spain's news agency EFE, Spanish-language publisher PRISA Media, publications from Johns Hopkins University Press, and local-news group Cherry Road Media, among others. Building on its content momentum, ProRata recently unveiled ProRata Ads, an advertising platform that maximizes the value of high-quality content by using large-language-model agents to place hyper-relevant ads inside AI answers and across digital content in real time. Early pilots on partner sites demonstrate sharp lifts in click-through rates and user engagement. About ProRata Founded in 2024 by Bill Gross, ProRata develops ethical AI solutions that ensure content owners are credited and compensated for the use of their work. The company's leadership includes former executives and engineers from Microsoft, Google, and Meta. ProRata is backed by, among others, Mayfield Fund, Revolution Ventures, Prime Movers Lab, dmg media, BOLD Capital, XPV-Exponential Ventures, Calibrate Ventures, MVP Ventures, and Idealab Studio. More information is available at
Yahoo
10-05-2025
- Business
- Yahoo
Donald Trump's surprising message sends stocks surging
The stock market has been rallying sharply higher since President Donald Trump reversed course on April 9, pausing most of the reciprocal tariffs that had tanked stocks when he'd announced them on April 2. The S&P 500 and Nasdaq have gained double-digit percentages in hopes that cooler heads may prevail, allowing trade negotiations to reduce the impact of tariffs on consumers and businesses debate over whether stocks can continue climbing has increased alongside stock prices, particularly in the past week. The S&P 500 has retraced its April 2 losses, and some sentiment measures suggest stocks may be overbought. The potential for stocks to rollover has been highlighted by many, including legendary portfolio managers Bill Gross and Paul Tudor Jones. One person who doesn't seem nervous, however, is President Trump. After the Federal Reserve decided to leave interest rates unchanged at its latest monetary policy meeting, Trump went to the airwaves to support markets, including on May 8, when he delivered his strongest message of stock market support. The market rally has been broad-based, crisscrossing sectors and industries. However, the most significant gains have come from technology stocks, which were hard hit ahead of Trump's early April tariff stocks were already weak leading up to April 2 because of mounting worry that AI spending growth has peaked. After OpenAI's ChatGPT became the fastest app to reach one million users following its launch in 2022, most companies significantly ramped up IT budgets to train their large language model AI chatbots and agentic AI programs. Banks are using AI to hedge risks, manufacturers are using it to boost quality control and streamline inventory, retailers are exploring its use to improve supply chains and reduce theft, and healthcare companies are using AI to develop next-generation medicines. Even the military has gotten in on the action, exploring AI's use on the battlefield. The tsunami of AI interest caused a massive acceleration in computing power demand, leading to the biggest network infrastructure upgrade cycle since the dawn of the Internet. Major hyperscalers plowed big money into data centers, refreshing equipment with liquid-cooled servers powered by next-generation graphic processing units (GPUs), largely sold by Nvidia. In 2024, capital expenditures at Amazon, Google, and Microsoft alone totaled $191 billion, up 63% from 2023. The surge in activity fueled investor optimism over the revenue and profit opportunities associated with launching AI solutions, sending high-tech stocks higher. Nvidia, for example, rallied 171%, and Palantir, a data solutions company with a growing suite of AI solutions, soared 340%. It's been tougher sledding so far in prospect that IT budget growth will slow following a potential overbuilding of capacity caused many tech stocks to stall in the first quarter. Those concerns were amplified when Trump announced his tariffs. As a result, Palantir retreated 41%, Nvidia fell 33%, and the Technology Select Sector SPDR Fund (XLK) fell 26% from mid-February highs to early April lows. Since then, however, most stocks have been up, up, and away. The S&P 500 and Nasdaq Composite are up 14% and 17%, respectively, and the XLK has gained over 21% since April 8. Nvidia and Palantir? They're up 24% and 61% since their early April lows. The President isn't shy about his opinions regarding the market or the economy. Since his tariff announcement, he has criticized Federal Reserve Chairman Jerome Powell for holding interest rates steady rather than cutting them to spur GDP growth. Last month, he called Powell "Mr. Too Late," suggesting his hesitancy to cut rates may put him behind the curve. For example, in 2022, he delayed raising rates to combat inflation, believing inflation would be he's focusing his attention more directly on the stock market. "You better go out and buy stocks now. Let me tell you," said Trump from the Oval Office. "This country will be like a rocket ship that goes straight up." The positive comments followed news that the United Kingdom and the U.S. had agreed to a trade deal that reduced US auto tariffs from 27.5% to 10% for 100,000 British-made vehicles like Rolls-Royce and Jaguar and scrapped steel and aluminum tariffs, but left 10% universal tariffs in place. The White House also suggested more deals would be announced soon, and Trump left the door open to reducing reciprocal tariffs on China from their current 145% level if discussions go well this weekend. 'I mean, we're going to see,' said Trump. 'Right now, you can't get any higher. It's at 145, so we know it's coming down. I think we're going to have a very good relationship.' The S&P 500 and Nasdaq 100 rallied intraday by 1.6% and 1.9%, respectively, before closing up 0.60% and 1.03%, respectively, on May in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-04-2025
- Business
- Yahoo
Is Alignment Healthcare, Inc. (ALHC) the Best Multibagger Stock to Buy According to Billionaires?
We recently published a list of . In this article, we are going to take a look at where Alignment Healthcare, Inc. (NASDAQ:ALHC) stands against other best multibagger stocks to buy according to billionaires. US Trade tariffs have triggered heightened volatility and amplified the downdraft in the equity markets. Unlike in the previous years, where pullbacks were countered by strong buying power, investors have become increasingly cautious. The S&P 500 dropping by an incredible 6% on April 4 alone in the face of the US enacting large tariffs on global trade partners has only heightened the jitters and uncertainty in the markets. The recent market turbulence has not spared the world's ultra-wealthy. Following the tariff announcements, the Bloomberg Billionaires Index saw the largest two-day loss in history, wiping off almost $536 billion in worth for the world's 500 wealthiest individuals. Similarly, prominent figures on Wall Street, including money managers and bankers, have all started raising alarms about the mounting risks of the US trade war. Legendary investor Bill Gross has also joined the fray, warning that the market rout may continue. Amid the chaos in the equity markets, opportunities are also increasingly cropping up. The deep pullbacks have lessened the steep valuations that most stocks traded on. In the run-up to major indices rallying to record highs amid the artificial intelligence-driven rally, valuations got out of hand, skyrocketing above historical norms. Investors were subjected to premium valuations, with tech stocks most affected. Given that most stocks have given back a significant chunk of the gains accrued over the years, most are trading at multiples not seen in years. Likewise, billionaires are increasingly buying the dips that are authentic to Warren Buffett's idea that investors should 'be fearful when others are greedy, and greedy when others are fearful.' Some people think that time is at hand. Following the lead of some of the world's wealthiest money managers could be a smart move for investors searching for stock ideas. Fortunately, the Securities and Exchange Commission (SEC) has made it simple to see what many of them have been up to lately through mandatory disclosures. Similarly, there are stocks that have delivered significant gains over the past year, even on the overall market turning bearish. The stocks have remained resilient amid uncertainty in US interest rates, recession concerns, and trade war spat to deliver blockbuster gains. The best multibagger stocks to buy, according to billionaires, are of companies backed by solid core business and underlying fundamentals. The robust growth of the core business in the face of the headwinds has been the primary catalyst in the stocks, delivering gains of over 200% over the past year. While it could be challenging to find reasonably priced stocks after the blockbuster gains, some are still trading below their historical norms, making them ideal value investment plays. To compile our list of multibagger stocks, we used Finviz screener to filter the top 2000 companies that have delivered at least 200% stock price return in the last twelve months. Then, we compared the list with our proprietary database of billionaire ownership as of Q4 2024 and included the top 10 names with the highest number of billionaires that own the stock. Finally, we ranked the stocks in ascending order based on the number of billionaires who hold stakes in them. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A doctor holding a clipboard talking to an elderly patient in a Medicare Advantage healthcare Healthcare, Inc. (NASDAQ:ALHC) is a healthcare company that operates a consumer-centric healthcare platform for seniors. Through the platform, it delivers customized healthcare experiences to meet the needs of seniors through its Medicare Advantage plans. While the stock is up by about 249% over the past year, analysts at Baird insist it could edge higher, having upgraded it to an Outperform and hiked the price target to $22. According to Baird, Alignment Healthcare, Inc. (NASDAQ:ALHC) is experiencing robust growth owing to its focus on domestic Medicare Advantage and Prescription drug plans. The company achieved a 35% year-over-year growth in members to 209,900 as of January 1. It expects robust growth to persist, with forested growth of between 22% and 25% among health plan members before the end of the year. Alignment Healthcare, Inc.'s (NASDAQ:ALHC) ability to scale profitability while achieving solid growth underscores why it is one of the best multibagger stocks to buy, according to billionaires. The company delivered solid fourth-quarter 2024 results, with revenues increasing 50.7% to $701.2 million. It expects Q1 2025 revenues to be $887.5 million, 4.1% above the analysts' target. It has also conducted significant leadership changes with the appointment of Dr. Arta Bakshandeh as President of AVA® and Aly Duzich as Chief Experience Officer. The leadership changes are tailored to scaling the company's AI-enabled Medicare Advantage platform. Overall, ALHC ranks 5th on our list of best multibagger stocks to buy according to billionaires. While we acknowledge the potential of ALHC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ALHC but that trades at less than 5 times its earnings check out our report about this READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
