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Stocks are once again getting creamed as a volatile week rages on. The markets rallied on Wednesday, with the Dow closing up 567 points, or 2.3%. But by Thursday, the index of large companies including Boeing and Apple returned to the red for 2018.
The chief strategist at a $US695 billion money manager tells us why “we’re at a watershed point in markets.” A hedge fund manager who makes a killing when stocks go haywire told us there’s about to be a market avalanche. There’s a “clear winner” for investors who want to cash in on the market’s biggest fear, according to Citi.
But Goldman Sachs says there are two reasons why the volatility explosion that rocked markets won’t happen again anytime soon.
Here’s what else is happening today:
- Regeneron’s coming late to a group of drugs that’s already worth billions – here’s why the company thinks it can still compete
- This is what happened to the missing AppNexus IPO – it’s partly Snapchat’s fault
- This VC’s first investment was in a pre-IPO Salesforce – now he thinks he’s found the next big thing
- After a rough 2017, things are looking up for ad agencies in 2018
- Small brands and influencers are worried that Instagram is choking off their traffic – just like Facebook did with publishers
- Disney thinks it has a big advantage in its coming war with Netflix – but Wall Street is split on whether it has the right battle strategy
- An analyst says MoviePass could spark ‘new and innovative strategies’ for theatres after buying $US110 million in tickets in 2017
- UBS: British stocks are 12% cheaper than Europe – but here’s where else you should be putting your money
Goldman Sachs, long the investment bank for the ultra wealthy, is trying to build the ultimate financial destination for the masses. A big Morgan Stanley report shows how bitcoin is in danger of becoming a victim of its own success.
More bad news for Apple: The critical source code that allows iOS devices to boot up has leaked online – and Apple has confirmed it’s real. And Barclays says that the company’s battery scandal could have a big hit on iPhone sales.
Lastly, here are 10 luxury hotels around the world where the ultra rich love to stay.
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