Adidas will slash its dividends as the split with Kanye West's Yeezy looks set to wipe out $1.3 billion in earnings

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Kanye West and Adidas
Adidas has warned it could lose $1.3 billion after severing ties with 'Yeezy' designer Ye.

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Brace for US stocks to crash again – their extreme valuations echo the 2022 bear market, Morgan Stanley strategists warn

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stock market crash
There could be another crash coming for stocks, Morgan Stanley has warned.

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Warren Buffett-backed Chinese EV maker BYD has seen $18 billion in value wiped out amid Tesla's price war

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warren buffett
Warren Buffett-backed BYD has seen an $18 billion wipeout.

REUTERS/Rebecca Cook

The slump in stocks has a silver lining – it shows investors have finally stopped fighting the Fed, BIS says

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fed
Federal Reserve chair Jerome Powell.

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Oil prices head for a 4th monthly loss in a row, as traders keep worrying about the Fed's war on inflation

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Oil storage facility in Texas
An oil storage facility in Houston, Texas.

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Billionaire investor Bill Gross slams the hype around Cathie Wood, with Ark's flagship fund lagging top tech stocks

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bill gross
Billionaire 'bond king' Bill Gross slammed the hype behind Cathie Wood Monday.

REUTERS/Jim Young

Goldman Sachs boss David Solomon warns the fight against inflation is nowhere near over – because the US jobs market still looks so strong

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David Solomon
The Federal Reserve is nowhere near the end of its fight against inflation, Goldman Sachs CEO David Solomon has warned.

REUTERS/Danny Moloshok

The dollar stages a comeback, with the Fed's war on inflation putting it on course for its first monthly gain since September

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dollar
The dollar is poised to snap a four-month losing streak.

Murad Sezer/Reuters

Tesla investor looking to rein in Elon Musk drops his bid for a board seat, saying the EV maker's shareholders 'have been heard'

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Ross Gerber
Ross Gerber said Friday that he had ended his run for a seat on Tesla's board.

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These 2 charts show that investors are more scared of Jerome Powell than they are of Vladimir Putin

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Traders work on the floor of the New York Stock Exchange
Traders work on the floor of the New York Stock Exchange

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