Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li><keyword id="304138" type="COMPANY" weightage="60" keywordseo="Guggenheim-Securities">Guggenheim Securities</keyword>' <keyword id="163936" type="PERSON" weightage="60" keywordseo="Jim-Millstein">Jim Millstein</keyword> <a href="https://www.bloomberg.com/news/videos/2020-09-08/guggenheim-s-millstein-sees-period-of-significant-volatility-video%20%20https://www.bloomberg.com/news/videos/2020-09-08/guggenheim-s-millstein-sees-period-of-significant-volatility-video">told Bloomberg on Tuesday</a> that investors should brace for a period of significant <keyword id="77900" type="PERSON" weightage="60" keywordseo="volatility">volatility</keyword> ahead. </li><li>The co-chairman cited uncertainty around the election and the lingering covid crisis as sources of volatility. </li><li>He also said it's "obvious" there has been a bubble around technology stocks. </li></ul><ul><li><a href="https://www.businessinsider.com/?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">Visit Business Insider's homepage for more stories</a>.</li></ul><keyword id="164282" type="CITY" weightage="60" keywordseo="Guggenheim">Guggenheim</keyword> Securities' Jim Millstein <a href="https://www.bloomberg.com/news/videos/2020-09-08/guggenheim-s-millstein-sees-period-of-significant-volatility-video%20%20https://www.bloomberg.com/news/videos/2020-09-08/guggenheim-s-millstein-sees-period-of-significant-volatility-video">said on Bloomberg on Tuesday</a> that a "period of significant volatility" is ahead, and told investors: "Fasten your seatbelt, it's going to be a bumpy ride."The co-chairman of the investment banking and capital <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> businesses cited uncertainty around the election and the nation's "continuing inability to get the pandemic under control," as sources of the volatility. Both the election and the period leading up to it will stir choppiness in markets, he said. Read more: <a href="https://www.businessinsider.com/stock-market-nasdaq-sell-off-explained-investing-advice-portfolio-positioning-2020-9">4 experts break down the drivers behind the sudden plunge in tech stocks that is dragging the entire market lower — and share their best recommendations for what investors should be doing as the election nears</a>"Given the mail-in balloting, we probably won't know the results of the election for at least a week and it seems sure that it will be litigated thereafter," he added. Millstein also said that as the coronavirus lingers and individual states re-open and close at different rates, weak retail sales and high unemployment will continue. Landlords will see a serious decline in cash flows and commercial real estate markets will continue to see difficulty, said Millstein. He also told Bloomberg that he generally doesn't give investment advice, but it's obvious there's been a bubble in technology stocks, and there will be a "reset" in this sector.

Guggenheim co-chair warns investors to brace for 'significant volatility' in markets as election nears and virus goes unchecked

<ul><li>The "investor class" that reaped the benefits of President Donald Trump's 2017 <keyword id="6632836" type="UNKNOWN" weightage="60" keywordseo="tax-cut">tax cut</keyword> will likely pay for much of the government's coronavirus stimulus, <keyword id="163936" type="PERSON" weightage="60" keywordseo="Jim-Millstein">Jim Millstein</keyword>, co-chairman at <keyword id="304138" type="COMPANY" weightage="60" keywordseo="Guggenheim-Securities">Guggenheim Securities</keyword>, said Monday.</li><li>The national deficit is <a href="https://www.businessinsider.com/us-debt-deficit-reach-wwii-levels-coronavirus-economy-government-watchdog-2020-4">expected to quadruple to $3.8 trillion</a> in 2020, according to a federal watchdog agency. Wealthy Americans face "inevitable" <keyword id="494122" type="PERSON" weightage="60" keywordseo="tax-hikes">tax hikes</keyword> to cover much of the debt, Millstein said in an interview with <a href="https://www.bloomberg.com/news/articles/2020-05-04/tax-cut-era-has-come-to-an-end-guggenheim-s-jim-millstein-says?srnd=markets-vp">Bloomberg TV</a>.</li><li>"The era of tax cuts is over," he noted, adding that the Fed's backstopping of risk assets should be paid for by those who profited from it.</li><li><a href="https://www.businessinsider.com/?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">Visit the Business Insider homepage for more stories</a>.</li></ul>Those who benefited from President Donald Trump's 2017 tax cut will be the first in line for higher dues to pay for the government's skyrocketing debt, Jim Millstein, co-chairman at Guggenheim Securities, said Monday.The government and <keyword id="6355253" type="UNKNOWN" weightage="60" keywordseo="federal-reserve">Federal Reserve</keyword> are spending trillions of dollars to pad the <keyword id="34412" type="ORGANIZATION" weightage="60" keywordseo="economy">economy</keyword> from a pandemic-induced collapse. The Committee for a Responsible Federal Budget expects the national deficit to <a href="https://www.businessinsider.com/us-debt-deficit-reach-wwii-levels-coronavirus-economy-government-watchdog-2020-4">balloon to $3.8 trillion</a> from $984 billion in 2020, reaching a similar debt-to-GDP ratio as that seen in World War II.While some spending cuts could shore up government cash, Americans with "significant incomes are going to have to make a greater contribution," Millstein said in an interview with <a href="https://www.bloomberg.com/news/articles/2020-05-04/tax-cut-era-has-come-to-an-end-guggenheim-s-jim-millstein-says?srnd=markets-vp">Bloomberg TV</a>."There is one clear implication: The era of tax cuts is over," he said. "There are going to be corporate and personal income tax increases on the other side of this just to bring that budget somewhat closer to balanced."Read more: <a href="https://www.businessinsider.com/5-major-coronavirus-investing-themes-strategies-blackrock-tony-dispirito-2020-5">A stock chief at $6.5 trillion BlackRock outlines 5 major themes the pandemic is poised to shape — and why investors should take note of each</a>Millstein isn't a stranger to what comes after a recession and hefty relief spending. The co-chair led the Treasury Department's restructuring practices after the financial crisis, and Guggenheim is already working with travel firms slammed by the coronavirus' toll.It's "inevitable" that wealthier Americans will foot much of the bill, as the Federal Reserve's policy has already aided much of the assets they dabble in, Millstein said. The central bank's expansion into corporate bond purchases directly aided the credit market and <a href="https://markets.businessinsider.com/news/stocks/why-stock-market-soaring-amid-recession-signals-fed-coronavirus-stimulus-2020-4-1029104715">indirectly lifted stocks</a> through April."That kind of support for the investor class is something that the investor class is ultimately going to have to pay for," Millstein said. "If we're really creating a backstop against credit losses then, you know, eventually, if this government is doing that much for that class, then that class is going to have to start paying for it."Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/news/stocks/stock-market-trapped-fat-flat-range-coronavirus-fallout-goldman-sachs-2020-5-1029161161">Stocks will likely be trapped in a 'fat and flat' range until pandemic-led economic fallout fades, Goldman says</a><a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-mulled-deals-federal-reserve-coronavirus-stimulus-2020-5-1029160592">Warren Buffett backed away from potential mega-deals after the Fed announced market-saving stimulus efforts</a><a href="https://www.businessinsider.com/bill-ackman-3-part-investing-strategy-why-loves-berkshire-hathaway-2020-5">Legendary billionaire hedge fund manager Bill Ackman breaks down his 3-part investing methodology — and makes a case for 'a really cheap, interesting stock run by the best investor in the world'</a>Read the original article on <a href="https://www.businessinsider.com/wealthy-investor-class-higher-taxes-coronavirus-economic-stimulus-guggenheim-millstein-2020-5">Business Insider</a>

'The era of tax cuts is over': The wealthy US 'investor class' will have to pick up the tab for coronavirus stimulus, Guggenheim co-chair says

<ul class="summary-list"><li>Jim Millstein of Guggenheim Securities said regulators should look into the prime brokerage business.</li><li>The co-chairman noted that lenders face increased risk when hedge funds use excessive <keyword id="382268" type="PERSON" weightage="60" keywordseo="leverage">leverage</keyword>.</li><li>Millstein doesn't believe the Archegos collapse presents a "risk to the financial system," however.</li></ul>Guggenheim's co-chairman Jim Millstein believes regulators should keep an eye on leverage in the prime brokerage business at the center of the <a href="https://www.businessinsider.com/archegos-capital-management-experts-share-how-traders-can-exploit-blowup-2021-3">Archegos meltdown</a>.In an <a href="https://www.youtube.com/watch?v=BWttlqIfJVY&amp;t=194s194s">interview with Bloomberg</a> on Tuesday, Millstein said that the <keyword id="382300" type="ORGANIZATION" weightage="60" keywordseo="Financial-Stability-Oversight-Council">Financial Stability Oversight Council</keyword>, which was formed under the <a href="https://www.cftc.gov/LawRegulation/DoddFrankAct/index.htm">Dodd-Frank Act of 2010</a>, should "take another look at the prime brokerage business and the kinds of leverage that's being extended both through the <keyword id="97984" type="COMPANY" weightage="60" keywordseo="Derivatives">derivatives</keyword> <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> and directly."The prime brokerage business is a bundled package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds that allows them to borrow securities and cash.Millstein discussed how "<a href="https://www.ecfr.gov/cgi-bin/text-idx?tpl=/ecfrbrowse/Title12/12cfr220_main_02.tpl">regulation T</a>," a collection of provisions that govern margin requirements for retail investors, doesn't apply to family offices and hedge funds."Clearly family offices, hedge funds, other institutional investors clients of the prime brokerage business have been able to obtain much more significant leverage than the average investor, and so, and obviously there are risks associated with it," Millstein said.The co-chairman added that "when you're highly levered against individual names and not terribly diversified you do run a significant risk of an effective margin call."Millstein said that this type of leverage not only puts hedge funds at risk, but lenders as well. If lenders are unable to liquidate collateral positions or cover derivate exposures fast enough there can be significant losses.What Millstein is describing is exactly what happened to Credit Suisse, among others, after the recent Archegos collapse.Credit Suisse said it will have to absorb a <a href="https://markets.businessinsider.com/news/stocks/credit-suisse-posts-loss-after-archegos-blow-up-exec-departure-2021-4-1030275805">$4.7 billion write down</a> due to its Archegos exposure. For reference, the investment bank's total net income for 2020 was roughly $2.9 billion.The firm has faced significant fallout after its Archegos losses with <a href="https://www.businessinsider.com/credit-suisse-head-equities-sales-trading-stepping-down-paul-galietto-2021-4">numerous top execs stepping down</a> including the head of investment banking Brian Chin and the chief risk and compliance officer Lara Warner, as well as Paul Galietto, the head of equities sales and trading.Millstein also agreed with his colleague <a href="https://markets.businessinsider.com/news/stocks/archegos-hedge-fund-implosion-likely-hedge-fund-guggenheim-scott-minerd-2021-4-1030277179">Scott Minerd who said</a> that another Archegos-like implosion is "highly likely" moving forward.When asked if the Archegos blow-up might lead to reverberations for the markets as a whole, Millstein pointed out that there is still "an enormous amount of monetary and fiscal stimulus" in the system and more could be on its way with <a href="https://www.businessinsider.com/what-bidens-2-trillion-infrastructure-plan-means-for-you-2021-4">President Biden's Infrastructure bill.</a>The co-chairman said he doesn't believe the Archegos collapse represents a "risk to financial stability" based on the relative size of the hedge fund and current market conditions.

Regulators need to look at leverage in the prime brokerage business at the center of the Archegos meltdown, Guggenheim's Millstein says

<ul><li>Leaders on <keyword id="42111" type="COMPANY" weightage="60" keywordseo="Wall-Street">Wall Street</keyword> are calling on Congress to pass a second <keyword id="41832" type="PERSON" weightage="60" keywordseo="Stimulus-bill">stimulus bill</keyword> before key measures dry up and consumers face major financial hits.</li><li>"Even though it's hard and it's expensive," spending more to prop up aid programs helped blunt the coronavirus's initial economic toll and can do so again, <a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> CEO David Solomon said Wednesday.</li><li>Consumer losses and delinquencies will quickly have "contagion effects across the banking system" and, eventually, other industries, Jim Millstein, co-chairman of Guggenheim Securities, said on <a href="https://www.bloomberg.com/news/articles/2020-07-23/wall-street-begs-washington-to-act-despite-fears-of-aftershocks?srnd=politics-vp">Bloomberg TV</a> Thursday.</li><li><a href="https://markets.businessinsider.com/stocks/cof-stock">Capital One</a> said in its Wednesday earnings call that the firm is bolstering its loan loss reserves in case Congress doesn't pass another bill. The possibility of new stimulus remains "the huge elephant in the room," the firm's CEO said.</li><li><a href="https://www.businessinsider.com/?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurlutm_campaign=bodyurl">Visit the Business Insider homepage for more stories</a>.</li></ul>Some of the biggest names on Wall Street are pushing Congress to speed up deliberations on a second stimulus bill, no matter the cost.Most major banks surprised to the upside with their second-quarter results as bolstered credit reserves were overshadowed by soaring trading-desk revenue. The strong performances were made possible by a combination of Federal Reserve monetary support and market volatility.A mix of credit facilities, capital injections, and asset purchases announced on March 23 set backstops for the industry and drove a flood of investors back to risky <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>.Many of the Wall Street leaders who benefitted from the first round of fiscal stimulus now fear a second bill may arrive too late. Read more: <a href="https://www.businessinsider.com/stock-market-2020-election-strategy-investing-advice-from-wall-street-2020-7" target="_blank" rel="noopener">What 6 of Wall Street's biggest firms are saying about the election's implications for unusually tense investors — and their strategies for gains no matter the results</a>The <keyword id="34412" type="ORGANIZATION" weightage="60" keywordseo="economy">economy</keyword> is "still facing a very, very uncertain" outlook, <a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> CEO David Solomon said Wednesday, and a hefty government response is likely the best option for stemming additional pain."Even though it's hard and it's expensive, we are better to blunt the economic impact now in the short term, by spending more, than to allow it to get worse and deal with the consequences of being worse," he said in an online event hosted by the Economic Club of New York.The economic backdrop is already worsening. The University of Michigan's consumer sentiment index <a href="https://markets.businessinsider.com/news/stocks/economic-outlook-consumer-sentiment-reverses-rebound-coronavirus-spike-university-michigan-2020-7-1029405698">slid to 73.2 in July</a> from 78.1, erasing much of its recent gains amid fresh virus outbreaks. Credit card spending growth <a href="https://www.businessinsider.com/economic-outlook-credit-card-spending-data-recovery-stalling-recession-jpmorgan-2020-7">slowed in mid-July</a> as well, JPMorgan said in a Wednesday note, suggesting "that the rapid economic rebound seen in May and early June has lost momentum."Read more: <a href="https://www.businessinsider.com/tech-stock-picks-and-strategy-from-portfolio-manager-jason-tauber-2020-7" target="_blank" rel="noopener">Jason Tauber is crushing the market this year by finding the tech companies enabling the biggest disruptions. He told us how he's adjusting his game plan as valuations soar — and 7 of his top picks today.</a>Weaker spending data could quickly evolve into industry-wide fallout if Congress doesn't prop up consumers, Jim Millstein, co-chairman of Guggenheim Securities, said Thursday."If those folks do not have continuing support, we're going to see a spike in delinquencies and defaults in consumer credit, and that will have some contagion effects across the banking system and across the variety of financial institutions who've supplied that credit," Millstein said on <a href="https://www.bloomberg.com/news/articles/2020-07-23/wall-street-begs-washington-to-act-despite-fears-of-aftershocks?srnd=politics-vp">Bloomberg TV</a>.Still, some on Wall Street are planning to pick up the slack if Congress doesn't deliver. <a href="https://markets.businessinsider.com/stocks/cof-stock">Capital One</a> CEO Richard Fairbank called the possibility of new stimulus "the huge elephant in the room" on a Wednesday call with analysts, and said the firm will bolster its loan loss reserves under the expectation that a second bill won't be passed.Read more: <a href="https://www.businessinsider.com/stock-market-investing-strategy-cheap-options-trades-for-earnings-kolanovic-2020-7" target="_blank" rel="noopener">JPMORGAN: The most unloved group of stocks at the coronavirus crisis peak is now more appealing than ever before. Here are 3 trades to buy into while they're still super-cheap.</a>If key relief measures such as expanded unemployment benefits aren't renewed, the bank is preparing for consumer pain to quickly hit its own balance sheet."To the extent that unemployment isn't offset with other programs, or even forbearance, our allowance is built on a premise that that would translate to higher losses at some point in the future," Richard Blackley, chief financial officer at Capital One, said, according to a transcript provided by Sentieo.Now read more markets coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/stock-picks-to-buy-19-healthcare-companies-election-outcome-btig-2020-7">Buy these 19 cheap healthcare stocks poised to beat the market regardless of election outcome and the fate of Obamacare, BTIG says</a><a href="https://markets.businessinsider.com/commodities/news/gold-prices-highest-years-near-record-recession-coronavirus-risks-inflation-2020-7-1029426422">Gold prices reach highest level since 2011 and near record as investors flood safe havens</a><a href="https://markets.businessinsider.com/news/stocks/apple-stock-price-rally-risk-coronavirus-iphone-delay-earnings-goldman-2020-7-1029425313">Avoid Apple stock as coronavirus uncertainties weigh on iPhone launch, Goldman Sachs says</a>

Wall Street giants urge Congress to fast-track 'expensive' stimulus bill before recession worsens

<ul><li>US stocks sank on Tuesday as investors sold-off tech giants and bought safe-haven assets.</li><li>The tech-heavy Nasdaq composite index dropped more than 4%, extending its loss to 11% in the period since Sept. 2.</li><li>Tech giants including <a href="https://markets.businessinsider.com/stocks/aapl-stock">Apple</a>, <a href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a>, and <a href="https://markets.businessinsider.com/stocks/fb-stock">Facebook</a> led the decline, while Treasurys and the dollar gained.</li><li>Investors also mulled President Trump's plan to end US's reliance on Chinese exports. The statement threatens to reignite the US-China trade war after weeks of relative calm.</li><li>Oil futures dropped below $40 a barrel on fresh warnings of demand weakness. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">West Texas Intermediate crude</a> sank as much as 9.2%, to $36.13 per barrel.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US equities tumbled on Tuesday as investors continued to dump highly valued tech giants. The tech-heavy Nasdaq composite index dropped more than 4%, extending its loss to 11% in the period since Sept. 2.<a href="https://markets.businessinsider.com/stocks/aapl-stock">Apple</a>, <a href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a>, and <a href="https://markets.businessinsider.com/stocks/fb-stock">Facebook</a> slumped along with top work-from-home plays including <a href="https://markets.businessinsider.com/stocks/zm-stock">Zoom Video</a> and <a href="https://markets.businessinsider.com/stocks/docu-stock">Docusign</a>. Tech stocks led the market slide, while utilities and health care names were the most insulated.Treasurys and the US dollar gained as traders shifted cash to safe havens.The drop mimics Thursday's session, when a wave of tech-focused selling led to <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-indexes-plunge-tech-plunge-jobless-claims-2020-9-1029561733">stocks' worst day since June</a>. Equities staged a mild comeback in Friday trading but <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-technology-selloff-unemployment-rate-jobs-report-2020-9-1029564430">still closed with small losses</a>.Here's where US indexes stood at the 4 p.m. ET market close on Tuesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500_500" target="_blank" rel="noopener">S&amp;P 500</a>: 3,331.84, down 2.8%</li><li><a href="https://markets.businessinsider.com/index/dow_jones" target="_blank" rel="noopener">Dow Jones industrial average</a>: 27,500.89, down 2.3% (632 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite" target="_blank" rel="noopener">Nasdaq composite</a>: 10,847.69, down 4.1%</li></ul>Read more: <a href="https://www.businessinsider.com/stock-market-nasdaq-sell-off-explained-investing-advice-portfolio-positioning-2020-9" target="_blank" rel="noopener">4 experts break down the drivers behind the sudden plunge in tech stocks that's dragging the entire market lower — and share their best recommendations for what investors should do as the election approaches</a>Guggenheim Securities' Jim Millstein warned "<a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-volatility-ahead-brace-significant-guggenheim-election-coronavirus-2020-9-1029570946">a period of significant volatility</a>" is set to stick and last through the election season."Fasten your seatbelt, it's going to be a bumpy ride," he said in a Tuesday appearance on <a href="https://www.bloomberg.com/news/videos/2020-09-08/guggenheim-s-millstein-sees-period-of-significant-volatility-video%20%20https://www.bloomberg.com/news/videos/2020-09-08/guggenheim-s-millstein-sees-period-of-significant-volatility-video">Bloomberg TV</a>.<a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-automaker-sp-500-excluded-2020-9-1029568509">Tesla slid</a> after the firm was excluded from the S&amp;P 500's latest portfolio rebalancing. The company met the criteria necessary for joining the benchmark, but S&amp;P Dow Jones Indices instead added <a href="https://markets.businessinsider.com/stocks/etsy-stock">Etsy</a>, <a href="https://markets.businessinsider.com/stocks/ter-stock">Teradyne</a>, and <a href="https://markets.businessinsider.com/stocks/ctlt-stock">Catalent</a> to the index.Elon Musk's firm tumbled further after <a href="https://markets.businessinsider.com/stocks/gm-stock">General Motors</a> announced a stake in rival electric-vehicle manufacturer <a href="https://markets.businessinsider.com/stocks/nkla-stock">Nikola Motors</a>. <a href="https://markets.businessinsider.com/news/stocks/nikola-stock-price-gm-strikes-manufacturing-partnership-badger-general-motors-2020-9-1029569699">Nikola surged</a> on news of the deal.<a href="https://markets.businessinsider.com/stocks/dis-stock">Disney</a> gained after Deutsche Bank upgraded shares to "buy" from "hold." The bank's analysts said Disney succeeded in launching its streaming service and is on its way to becoming a global leader in the lucrative sector.Read more: <a href="https://www.businessinsider.com/investing-advice-election-risks-strategies-for-wealthy-ubs-justin-waring-2020-9" target="_blank" rel="noopener">A strategist at the world's largest wealth manager lays out 4 election-related risks that could damage investors' portfolios — and shares how to safeguard against each one now, regardless of who wins</a><a href="https://markets.businessinsider.com/news/stocks/peloton-stock-price-expands-product-portfolio-new-bike-cut-cheaper-2020-9-1029571140">Peloton jumped</a> close to record highs after cutting the price of its original exercise bike and introducing two new products. The stock is up more than 200% year-to-date on surging demand for home exercise hardware.Investors also mulled new threats to the fragile US-China trade relationship. President Donald Trump said Monday he plans to end the country's reliance on China and its factories. Trump also threatened to punish companies that create jobs outside the US and prevent companies operating in China from winning government contracts."Investors are no longer pricing calm trade waters leading up to the election as Trump is not easing up the hard rhetoric even as <keyword id="6357440" type="DEFINITION" weightage="60" keywordseo="Stock-Market">stock market</keyword> selloff continues," Edward Moya, senior market analyst at OANDA, said in a note.Read more: <a href="https://www.businessinsider.com/stock-market-crash-expert-says-hypervalued-market-set-to-plunge-2020-9">'Never been so extreme': A renowned stock bear says today's 'hypervalued' market implies the worst market returns in history — and expects a 66% crash from today's levels</a><a href="https://markets.businessinsider.com/commodities/gold-price">Spot gold</a> fell as much as 1.4%, barely staying above the $1,900-per-ounce threshold, after failing to retake $2,000 at the start of the month.<a href="https://markets.businessinsider.com/commodities/news/oil-price-producers-cut-market-demand-weakness-crude-wti-brent-2020-9-1029571106">Oil slid below $40 per barrel</a> after industry giants <a href="https://www.bloomberg.com/news/articles/2020-09-07/oil-extends-drop-after-saudi-price-cuts-highlight-demand-concern?srnd=markets-vp">continued to slash prices</a> on demand weakness. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">West Texas Intermediate crude</a> slipped as much as 9.2%, to $36.13 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, dropped 6.4%, to $39.31 per barrel, at intraday lows. Both contracts hit their lowest levels since June.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/stock-picks-to-buy-for-covid-19-vaccine-gains-goldman-2020-9">GOLDMAN SACHS: Buy these 19 stocks right now for big future gains once a COVID-19 vaccine is available</a><a href="https://markets.businessinsider.com/news/stocks/japanese-billionaire-day-trading-losses-regrets-stocks-volatility-coronavirus-maezawa-2020-9-1029569403">Japanese billionaire laments $41 million loss from day trading in volatile stock market</a><a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-inflation-scare-drive-recession-recovery-investment-strategist-2020-9-1029565074">A Wall Street chief strategist details 8 ways today's economy mirrors the 1980s recession recovery — and how it can lift stocks even higher</a>

You Searched For "Jim Millstein" and got 5 results

Guggenheim co-chair warns investors to brace for 'significant volatility' in markets as election nears and virus goes unchecked

Emily Graffeo

'The era of tax cuts is over': The wealthy US 'investor class' will have to pick up the tab for coronavirus stimulus, Guggenheim co-chair says

Ben Winck

Regulators need to look at leverage in the prime brokerage business at the center of the Archegos meltdown, Guggenheim's Millstein says

Will Daniel

Wall Street giants urge Congress to fast-track 'expensive' stimulus bill before recession worsens

Ben Winck

Dow plummets 632 points as tech-sector carnage spoils another day

Ben Winck

Popular Keywords

Buying Guides