Bridgewater's Dalio sees U.S. divided, in 'terrible financial state'
(Reuters) - Bridgewater Associates founder Ray Dalio wrote on Twitter on Sunday that the United States is still in a 'terrible financial state' and remains 'terribly divided', but added he liked what he heard from President Joe Biden at his inauguration.
(Reuters) - Bridgewater Associates founder Ray Dalio wrote on Twitter on Sunday that the United States is still in a "terrible financial state" and remains "terribly divided", but added he liked what he heard from President Joe Biden at his inauguration.
The hedge fund billionaire wrote that the question was whether the president and both parties in Congress would work together "for peace and prosperity that addresses the big wealth, values, and opportunity gaps we're now seeing."
Dalio has previously criticized https://www.reuters.com/article/us-usa-wallstreet-dalio/u-s-income-inequality-a-national-emergency-billionaire-ray-dalio-idUSKCN1RG2VU a widening wealth gap and under-investment in public education in the United States, which he has linked to lower high school graduation rates, greater disparity in test scores, and lower teacher pay.
(Reporting by Kanishka Singh in Bengaluru; Editing by Daniel Wallis)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply
By Christoph Steitz, Tom Käckenhoff and Arno Schuetze FRANKFURT (Reuters) - German conglomerate Thyssenkrupp ended talks to sell its steel division to Britain's Liberty Steel due to differences over value, the latest setback in efforts to consolidate the European sector. Liberty Steel, led by commodities tycoon Sanjeev Gupta, last month submitted a firmed-up non-binding bid for Thyssenkrupp's steel unit, Europe's second biggest in terms of sales, which sources said included commitments to protect jobs and sites.
(Reuters) - Reddit trading lingo may filter in to Washington on Thursday when top hedge fund managers, the head of Robinhood and Roaring Kitty himself are set to give testimony before U.S. House of Representatives lawmakers.
By Stephanie Kelly NEW YORK (Reuters) - Oil prices steadied on Thursday, with Brent edging back from a 13-month high, after a sharp drop in U.S. crude inventories supported prices, while buying spurred by a cold snap in the largest U.S. energy-producing state petered out.