Carl Icahn isn't forecasting a dramatic stock market drop quite yet but the billionaire investor is still bracing for a market sell-off in the next three to five years, he told Reuters on Monday.
Investors
Asia shares fall as soft China data sours mood, yen slides
Asian stocks mostly fell on Thursday as fresh data signalling a further loss of momentum in China's economy weighed on sentiment, while the yen slid to multi-year lows against the dollar and euro.
Blackstone chases Buffett with 'core' private equity
Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10-year private equity fund, according to people familiar with the matter
S&P 500, Dow end at record highs, boosted by healthcare
The Dow and S&P 500 closed at record highs on Tuesday, lifted by further gains in healthcare shares and hopes for a stronger global economy.
Japanese stocks rise on recovery hopes, BOJ meet in focus
Japanese stocks rose on Wednesday as investors held out hope for more robust growth after Prime Minister Shinzo Abe delayed a tax hike and called an early election to seek a fresh mandate for his aggressive policies to shore up the economy.
Latest News
Japanese shares led a tentative recovery in Asian shares on Tuesday, drawing some support from two U.S. blockbuster acquisitions and anticipation of more European monetary stimulus.
International buyers snapped up Chinese stocks on Monday at the debut of an exchange link that allows Hong Kong and Shanghai investors to trade shares on each other's bourses, a major step towards opening China's tightly controlled capital markets.
Japanese stocks skidded on Monday, helping the yen rebound from a fresh seven-year low against the dollar touched after news Japan unexpectedly fell into recession in the third quarter.
Shares of Takata Corp opened down 1 percent on Friday after the Japanese auto parts maker said it was the subject of a U.S. criminal investigation over defective air bags that have been linked to five deaths.
An improving U.S. economy has failed to galvanize the consumer discretionary sector so far this year, but a recent rally in restaurant stocks as the holidays approach could herald happier days ahead for other retailers.
Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared more than 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence.
European stocks fell back on Friday and U.S. stocks looked set to open flat after a mixed bag of euro zone growth numbers that showed France and Germany growing marginally but others like Italy still firmly in recession.
Asian stocks dipped on Friday following fresh signs of slowing Chinese growth, with energy stocks depressed across the region as crude oil hovered near a four-year low in an oversupplied market.
U.S. stocks inched higher shortly after the open on Thursday, as the Dow and S&P touched new record intraday highs following earnings from Wal-Mart and data on the labor market.
