Avenue Capital Group Lianchuang: Under the impact of Trump's policy uncertainty, the economy may inevitably fall into recession
ChainCatcher News, according to Jinshi reports, Avenue Capital Group co-founder and billionaire Marc Lasry stated that the uncertainty of Donald Trump's policies, especially tariff policies, has hindered investors who want to take advantage of market opportunities.
"When the market doesn't know what to do, that's a problem," 65-year-old Lasry said at a credit opportunity seminar at New York University on Friday. "In such situations, an economy cannot escape unscathed; this will only lead to everything slowing down and could potentially cause an economic recession."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Australian Dollar: Oversold conditions limit losses against US Dollar – UOB
Kazuo Ueda’s speech did not mention consecutive interest rate hikes at all; Is the Bank of Japan set to hold rates unchanged in October?
Bank of Japan Governor Kazuo Ueda has shown little intention of challenging the market's current bearish bets on the central bank delivering a second consecutive rate hike this month.
BUZZ - Broker View: C.H. Robinson spends $5.8 billion to acquire RXO, putting the "bigger is better" argument to the test
October 6 - Freight forwarding company C.H. Robinson Worldwide (CHRW.O) announced on Monday that it will acquire the smaller rival transportation brokerage company RXO (RXO.N) for $5.8 billion, marking the largest deal in its history. The acquisition aims to expand its market coverage in North American trucking brokerage and strengthen its "last-mile" delivery capabilities. RXO shares dropped nearly 2.5% pre-market, while C.H. Robinson traded flat amid light volume. Among analysts, 18 rate RXO as "hold", while 24 give CHRW an average "buy" rating. No risk, no freight. JPMorgan sees the share price drop triggered by the deal as an opportunity for investors who can remain patient and withstand future claims and execution uncertainties. TD Cowen stated surprise at the deal, citing legal liability concerns, RXO’s debt levels, customer overlap, and the timing of the transaction amid ongoing legal challenges within the freight brokerage sector. Benchmark acknowledged that while the deal increases Robinson's exposure to freight brokerage risk, legal liability, and debt—potentially diluting shareholder equity—the market is overlooking the significant earnings and cost-saving opportunities it creates. Baird said the acquisition creates value through cost synergies, expands customer and carrier coverage, lessens the impact of any single legal claim, and strengthens Robinson’s market position as large shippers shift freight business away from smaller brokers. (For the convenience of non-native English speakers, Reuters provides automated translations of its reports in several languages. As automated translations may contain errors or lack the required context, Reuters does not guarantee their accuracy and offers them solely for readers’ convenience. Reuters assumes no responsibility for any damage or loss caused by the use of the automated translation feature.)
Alstom rises by 6%
Crypto prices
More
