Gundlach Says Recession Chances Rising: ‘I am Certainly Long on Gold’

DoubleLine CEO, respected markets forecaster and “Bond King” Jeffrey Gundlach said the chances of recession are rapidly rising and that he is banking on gold with tough times approaching. “I am certainly long on gold,” Gundlach said during a webcast with investors on Thursday, adding that he expects the U.S. dollar to finish the year … Read more

Apple Says It Can Build iPhones Outside of China, but Can It?

If the U.S.-China trade war continues to escalate, one American tech giant reliant on Chinese manufacturing said it can move production elsewhere. Apple Inc. said the primary sub-contracting manufacturer of its iPhones, Foxconn, can build the smartphones outside of China. California-based Apple uses Taiwan-based Foxconn to assemble most of its iPhones and iPads sold internationally … Read more

Poll: Biden, Bernie Thump Trump in This Crucial Swing State

In way-too-early polling news regarding the 2020 election from Michigan, a crucial swing state for Donald Trump’s reelection chances, five Democrats lead the incumbent president, with former Vice President Joe Biden and Sen. Bernie Sanders holding decisive 12-point leads. “Let Trump be Trump. He is unpredictable, of course, but part of that is his appeal … Read more