Bank of America’s Hartnett backs two trades to play lower rates, ‘AI war’

Bank of America’s Hartnett backs two trades to play lower rates, ‘AI war’

Buying commodities and selling the U.S. dollar makes sense as a trade now, with the likelihood for interest rate cuts increasing and the need for raw materials accelerating, according to Bank of America’s Michael Hartnett. The bank’s chief investment market strategist made the case for the trades in his weekly market note, reasoning that tariffs,…

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Clothing tech entrepreneur charged with 0 million fraud in U.S.

Clothing tech entrepreneur charged with $300 million fraud in U.S.

Christine Hunsicker, founder and chief executive officer of CaaStle Inc., speaks during the Bloomberg Breakaway CEO Summit in New York, U.S., on Tuesday, June 18, 2019. Mark Kauzlarich | Bloomberg | Getty Images A prominent entrepreneur who founded the now-bankrupt clothing technology startup CaaStle was criminally charged on Friday with defrauding investors out of more than $300…

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