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☆ How to lock in attractive, high-income returns from low-risk bonds in an inverted yield curve, according to a portfolio manager
▼ + stars: | 2024-04-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

And that's seen by the dot plot and their own inability to predict when interest rate cuts are going to happen." Related storiesWhen the yield curve is inverted, meaning short-term rates are above longer-term ones, a barbell strategy in bonds means betting on long- and short-duration bonds. And that barbell is kind of what investing in the yield curve looks like today", Huffman said. But if interest rates fall, you will be forced to reinvest in a lower interest rate environment. Avoid the 10-year or 30-year duration bonds because they will face a negative yield curve role, which could reduce their total return potential, she added.

Persons: Taylor Huffman, Huffman, it's Organizations: PT Asset Management, Business, Management's, Bond, Securities

☆ Jamie Dimon fears for the future of the free world and US debt
▼ + stars: | 2024-04-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —JPMorgan Chase CEO Jamie Dimon is worried about the future of the free world. “The geopolitical situation is probably the most complicated and dangerous since World War II,” Dimon said during a talk at the Economic Club of New York on Tuesday. “The world order that formed after WWII, Bretton Woods, WTO [the World Trade Organization], and the UN is kind of being challenged,” he said. This is not the first time Dimon has warned that the world is on the brink of a massive realignment. The country’s national debt is now over $34.5 trillion, or about $103,000 for every American.

Persons: Jamie Dimon, ” Dimon, Dimon, Bretton, ”, That’s, “, Jerome Powell, Niall Ferguson, Chris Isidore, Tesla, Elon Musk, Jeanne Sahadi, Joe Biden, “ won’t Organizations: CNN Business, Bell, New York CNN, JPMorgan, Economic, of New, World Trade Organization, UN, AAA, NATO, Atlantic Treaty Organization, Federal, Federal Trade Commission, FTC, of Commerce Locations: New York, of New York, Ukraine, NATO, Israel, US, China, Bretton Woods, WTO, Russia

☆ How BlackRock’s Rick Rieder would reimagine the 60/40 portfolio with today’s higher rates
▼ + stars: | 2024-04-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The balanced portfolio – which typically allocates 60% of assets toward stocks and 40% to fixed income –could use a rethink in today's higher rate environment, according to BlackRock's Rick Rieder. "For 30 years, fixed income was a hedge," said Rieder, the asset manager's global chief investment officer of fixed income, in a phone call with CNBC. A 60/30/10 split Rather than a 60/40 split toward equities and fixed income, Rieder said he would consider a 60/30/10 allocation if he had to build a balanced portfolio. That is, he'd maintain a 60% allocation toward stocks, but keep 30% of the portfolio in "higher income, shorter duration" assets. In addition to AAA-rated CLOs, Rieder also likes European investment-grade credit as a U.S. dollar investor.

Persons: BlackRock's Rick Rieder, Jerome Powell, Rieder, Jared Woodard Organizations: CNBC, Federal Reserve, AAA, Bank of, CLOs Locations: Central

☆ White House will 'make sure gas prices remain affordable' heading into summer, Biden advisor says
▼ + stars: | 2024-04-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

President Joe Biden's top economic advisor said Thursday that the White House will "make sure gas prices remain affordable" when asked whether the administration would consider tapping the Strategic Petroleum Reserve. We'll continue to monitor closely and want to make sure that those gas prices remain in current ranges," Brainard said. U.S. crude oil hit a high of $87.67 per barrel this year before pulling back to around $83 a barrel. The White House is keeping a close eye on "geostrategic risk" in the Middle East, Brainard said. Daniel Yergin, vice chairman of S&P Global, said oil prices above $90 presents a problem for the broader market.

Persons: Lael Brainard, Joe Biden's, Brainard, Biden, Lloyd Austin, John Podesta, Tuesday Biden, –, Daniel Yergin, It's, Yergin, CNBC's Organizations: AAA, Summit, Strategic Petroleum Reserve, JPMorgan, Brent, P Global Locations: East, Eastern Europe, Israel, Ukraine, Iran

☆ This fixed income play touts yields upward of 6% — and the risk is relatively low, Bank of America says
▼ + stars: | 2024-04-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The firm began coverage of this corner of the ETF space on Monday. An ETF play Woodard's team began coverage of one CLO fund: the Janus Henderson AAA CLO ETF (JAAA) . "Among covered ETFs with higher credit quality, it has the highest yield," Woodard said. There is also BlackRock's AAA CLO ETF (CLOA) , an actively managed offering with an expense ratio of 0.20% and a 30-day SEC yield of 6.59%. Investors digging into the CLO ETF space shouldn't just focus on yield, of course.

Persons: Jared Woodard, Woodard, Jerome Powell, CLOs, Janus Henderson, JAAA Organizations: Federal Reserve, Bank of America, AAA, Janus Henderson AAA CLO, SEC, AA, AAA CLO, CLOs, BBB

☆ This top investor delivers outperformance with her five-star Morningstar rated bond funds. Here’s how
▼ + stars: | 2024-04-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

That success can be seen in funds like the Morningstar five-star, gold-rated Baird Aggregate Bond Fund . BAGSX 1Y mountain Baird Aggregate Bond Fund, investor shares Since BAGIX's inception in 2000, it has seen a 4.74% annualized gain through March 31, 2024, according to Baird. The team runs a number of fixed income funds in addition to the Baird Aggregate Bond Fund, including the Morningstar five-star rated Baird Intermediate Bond Fund. The product was one of the top performing actively managed bond funds in 2023, according to Morningstar. With the yield curve still inverted, short-term term Treasury bills are yielding over 5%.

Persons: Baird, Mary Ellen Stanek, Stanek, hasn't, Morningstar, we've Organizations: Baird Advisors, CNBC, Bond Fund, Institutional, SEC, Investor, Bloomberg U.S, First Wisconsin Trust, Treasury, Bond, Morningstar, Pensions, Investments, AAA, MBS

☆ Why Hawaii is becoming a leader in U.S. EV adoption
▼ + stars: | 2024-04-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

Alex Tai | SOPA Images | Lightrocket | Getty ImagesU.S. consumers have been making the move to all-electric vehicles more slowly than many expected — but a growing leader in EV adoption is Hawaii. Power's "EV Adoption Score," which is weighted based on market, consumer preference and EV availability, among other conditions, with a score of 33.8. Hawaii also is the top state for EV adoption that hasn't agreed to the California Air Resources Board's Zero-Emission Vehicle program, according to J.D. (For reference, the "Hawaii Belt" around the Big Island, or Hawaii Island, is only about 260 miles.) Power reports the top-selling EVs in the state are the Tesla Model Y, Tesla Model 3 and Ford F-150 Lightning.

Persons: Alex Tai, Elizabeth Krear, hasn't, Ivan Drury, Edmunds, Drury, –, I'm, Scott Sageman, Hawaii Aloha Kia Russell Wong, Wong, there's, That's Organizations: Tesla, Getty, EV, California Air Resources, Hawaii that's, AAA, Ford, Aloha Kia, Hawaii Aloha, Aloha, Kia, Gallup Locations: Honolulu , Hawaii, Hawaii, Power, California, Washington, J.D, ., Washington , Oregon, Colorado, Waikiki, U.S, Waipahu, EVs, Edmunds

☆ Short-seller sends Globe Life shares plunging 53% as insurance giant calls report 'defamatory,' threatens legal action
▼ + stars: | 2024-04-12 | by ( Susan Antilla | ) www.businessinsider.com time to read: +12 min

Read previewShares of insurance giant Globe Life Inc. plunged 53% today and trading was halted eight times after a short-seller issued a damning narrative on the company. (Globe Life, AIL, and the other defendants denied the allegation in a legal filing.) Meanwhile, Warren Buffett's Berkshire Hathaway sold all 6.35 million shares of Globe Life stock the investor once held. In his April 3 presentation to investors, Koppikar called Globe Life "a dead-end pyramid scheme." He predicted that the DOJ investigation will hinder recruiting, "which is the lifeblood for pyramid schemes like Globe Life."

Persons: —, Arias, Panda, Fuzzy Panda, Steve Greer, Dave Zophin, Trina Orlando, Renee Zinsky, Zinsky, AIL, Simon Arias, Michael Russin, Amy Williamson, Zinsky's, Russin, Warren Buffett's Berkshire Hathaway, John Kane, Matthew D, Williamson, wasn't, I'm, Michael Clark, Renee, Jennifer Haworth, Abeni Mayfield, Susan Antilla, Orlando, Nate Koppikar, Haworth, J, Matthew Darden, Russin's, Koppikar Organizations: Service, Inc, Business, BI, Organization, Globe, AIL, Arias Organization, Agencies, Opportunity, Department of Justice, Globe Life, Russin, AAA, Orlando, Alpha, Reuters, DOJ Locations: Globe's, Pittsburgh, Columbia , Maryland, Mayfield, Arias

In the shadow of the Rocky Mountains, with an elevation one mile closer to space than sea level, lies an area that's home to a burgeoning cluster of aerospace businesses. Voyager Space CEO Dylan Taylor traveled to space on a Blue Origin flight in 2021. For Voyager, that's been true. For Taylor, who has been to space himself after a trip on Blue Origin's New Shepard, the Denver-Boulder space story extends beyond Voyager too. Denver area startup Orbit Fab is building refueling ports for satellites that will allow them to fuel up in space.

Persons: Dylan Taylor, CNBC's Morgan Brennan, Lockheed Martin, Northrop Grumman, RTX, Jeff Bezos, Morgan Brennan, Sen, John Hickenlooper, Hickenlooper, that's, Taylor, Shepard, He's, Northrop, Daniel Faber, Orbit, Faber Organizations: Buckley Space Force, CNBC, Aerospace, Colorado Space Coalition, Voyager, Denver . Voyager, AFP, Getty, Lockheed, Boeing, Northrop, Launch Alliance, BAE Systems, Space, Space Station, Airbus, Mitsubishi, Northrop Grumman, AAA Locations: Colorado, CNBC's, Rocky, Denver, Boulder, California, Silicon Valley

☆ Oil price surge is the No. 1 threat to the US economy, Moody’s economist warns
▼ + stars: | 2024-04-08 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

But there is a growing threat to that sunny economic backdrop: surging oil prices. Global oil prices are flirting with $92 a barrel amid worries about a wider war in the Middle East. US oil prices surged above $87 a barrel late last week for the first time since late October, leaving them up about 21% this year. First, drone attacks on oil refineries deep inside Russia helped lift oil prices last month. Beyond the Middle East tensions, oil and gas prices have been boosted by OPEC and its allies, which continue to restrain supply.

Persons: “, ”, Mark Zandi, Moody’s, Donald Trump, Trump, ” Zandi, hasn’t, Andy Lipow, Brent, ” Helima Croft, Joe Brusuelas, ” Brusuelas, Brusuelas, Vincent Reinhart, Mellon, ” Reinhart, he’s, Patrick De Haan, ” De Haan Organizations: New, New York CNN, Federal Reserve, Wall, CNN, “, Iranian Revolutionary Guards, Lipow Oil Associates, CIA, RBC Capital Markets, RSM, AAA, OPEC, Lipow Locations: New York, Iran, Russia, Syria, Israel, Quds, “

☆ General Electric, once America’s iconic everything company, has completed its dismantling. Here’s what that means
▼ + stars: | 2024-04-02 | by ( Chris Isidore | Matt Egan | ) edition.cnn.com time to read: +4 min

The company was founded by Thomas Edison in 1892 and built into the world’s largest and most valuable company by the once legendary, but now oft-criticized CEO Jack Welch. General Electric home appliances are displayed for sale at an appliance store in San Jose, California, in 2019. But the despite the name, the company had already sold off its appliance business three years earlier. Its shares nearly doubled, rising 95%, in 2023, and were up another 37% this yearGE Aerospace will retain the longtime GE stock symbol, and Culp as its CEO. Some have suggested he could be the successor for Dave Calhoun, the retiring CEO of another troubled iconic US company, Boeing.

Persons: Thomas Edison, Jack Welch, Larry Culp, David Paul Morris, divestitures, Culp, Jason Redmond, Dave Calhoun Organizations: New, New York CNN, GE, Dow Jones, Walgreens Boots Alliance, General Electric, Bloomberg, Getty, NBC, Comcast, GE Capital, AAA, GE Healthcare, GE Aerospace, GE Vernova, Boeing, CNBC Locations: New York, San Jose , California, China, Everett , Washington, AFP

☆ The home insurance market is crumbling. These owners are paying the price
▼ + stars: | 2024-03-29 | by ( Nathaniel Meyersohn | Anna Bahney | ) edition.cnn.com time to read: +9 min

Courtesy Victoria ZangaraIn the past, acquiring or keeping homeowners’ insurance didn’t present much of a problem. There was roughly a 10% to 12% increase in homeowners’ insurance costs last year in the United States, said Mark Friedlander, spokesperson for the Insurance Information Institute, a nonprofit industry association. Jim Watson/AFP/Getty ImagesHomeowners who have a mortgage are not able to go without homeowners insurance as their mortgage servicer will require an escrow account for insurance. Some 6 million homeowners chose to forgo homeowners insurance, according to a report from the Consumer Federation of America. They have lived in their home for 19 years and had a policy with Foremost Insurance, paying about $1,910 a year.

Persons: Alfredo Herrera, Herrera, Zangara, “, ”, ” Herrera, policyholders, Mark Friedlander, Neil Fernandes, Fernandes, David Swanson, Matthew Carletti, Jim Watson, Diana Troxell, Diana Wright Troxell, Bruce, ” CNN’s Ella Nilsen Organizations: New, New York CNN, Louisiana Citizens, ”, National Oceanic, Atmospheric Administration, Louisiana State University, Insurance Information Institute, Farmers Insurance, Farmers, AAA, CNN, Firefighters, Reuters, State, Citizens Property Insurance, JMP Securities, Getty, Homeowners, Consumer Federation of America, CFA, Social Security, Foremost Insurance, California FAIR, FAIR Locations: New York, New Orleans, City, Louisiana, New Orleans , Louisiana, America, United States, Santa Clarita , California, California, Florida, Sycamore, Whittier , California, AFP, Cottonwood , California, ‘

☆ Buy these 2 global stocks as inflation fades, HSBC says — giving one 85% upside
▼ + stars: | 2024-03-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As high inflation appears to be waning, a long-neglected set of stocks stands to benefit as consumers settle into a "new normal" of spending, according to HSBC. The investment bank's latest consumer survey suggests positive signs amid the economic uncertainty of the past two years. Inspired by the survey results, HSBC named two companies it sees benefiting from these emerging consumer trends: French video game giant Ubisoft and Swiss travel retailer Avolta . Ubisoft HSBC said its research pointed to resilient consumer spending on video games, which will benefit video game developer Ubisoft . The bank has a buy rating on the stock with a price target of 35 euros ($37.90), representing more than 85% upside from the current share price of around 18.84 euros.

Persons: Paul Rossington, Pankaj Agarwala, Michael Bloom Organizations: HSBC, Ubisoft, Avolta, Ubisoft HSBC, Mar, AAA, U.S Locations: Swiss, U.S

☆ How to make high interest rates work for your hard-earned savings
▼ + stars: | 2024-03-20 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +9 min

However, that won’t happen if you just let it sit in a traditional checking or savings account that yields next to nothing. High-yield online savings accountsThe average annual percentage yield on bank savings accounts was just 0.52% as of March 13, according to Bankrate. As with any bank savings rate, high-yield savings account rates can change overnight, and the bank may not alert you when it lowers it. But don’t confuse money market accounts with money market mutual funds, which invest in short-term, low-risk debt instruments. Unlike money market deposit accounts, money market mutual funds are not insured by the FDIC.

Persons: ”, Ted Rossman, ” Rossman, Ken Tumin, Schwab, you’d, Tumin, Doug Ornstein, Andy Smith, Ornstein, doesn’t, ” Smith Organizations: New York CNN, Bankrate, JPMorgan Chase, Bank of America, Fidelity, TIAA Wealth Management, FDIC, Securities Investor Protection Corp, Edelman, AAA Locations: New York, Wells Fargo, United States

☆ Fact check: Trump won’t stop inflating inflation numbers
▼ + stars: | 2024-03-19 | by ( Daniel Dale | ) edition.cnn.com time to read: +5 min

And since last fall, Trump has also exaggerated about oil prices, gas prices, overall energy prices, bacon prices and general food and grocery prices. “Not surprisingly, the claims are not true,” Tom Kloza, global head of energy analysis for the Oil Price Information Service, told CNN. “Crude oil prices - the two benchmarks, WTI and Brent - hit their all-time highs in July 2008,” trading above $147 per barrel. Bacon pricesIn multiple speeches in the fall, Trump claimed that bacon cost Americans “five times” what it did before Biden became president. At the time Trump claimed in Ohio on Saturday that grocery prices had increased 30% under Biden, average grocery prices had increased about 21% under Biden.

Persons: Joe Biden –, Donald Trump, Trump, Biden, ” Trump, “, Trump’s, aren’t, Tom Kloza, Brent, ” Pavel Molchanov, Raymond James, Molchanov, Bacon, Biden can’t, PolitiFact Organizations: Washington CNN, Biden, CNBC, Washington Post, Oil Price Information Service, CNN, “, West Texas, Brent, GasBuddy, Trump, AAA, Energy, National Rifle Association, Republican Party Locations: Georgia, Virginia, North Carolina, Ukraine, Florida, “, “ U.S, Ohio

☆ Surging gas prices just hit a significant milestone
▼ + stars: | 2024-03-18 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The recent jump in gas prices is already causing headaches on the inflation front. The last time gas prices were up on a year-over-year basis was late December 2023, according to AAA. Gas prices surge in MichiganAnd the concerns about Russia’s energy facilities is on top of the Houthi attacks on vessels in the Red Sea. “People have this visceral reaction to higher gas prices and they look to fix blame,” said Kloza. Unless there’s a major hurricane that strikes US Gulf Coast refineries, Kloza does not expect gas prices to hit $4 a gallon this year.

Persons: It’s, ”, Andy Lipow, Tom Kloza, Vladimir Putin, Kloza, “ It’s, we’ve, ” Kloza, Biden Organizations: New, New York CNN, White House, Federal Reserve, Gas, “, Lipow Oil Associates, AAA, Oil Price Information Service, CNN, White, Drivers Locations: New York, Russia, Ukraine, Michigan, Red, OPEC, Saudi Arabia, United States, Kloza

☆ These deep value stocks have strong balance sheets and solid earnings, Wolfe Research says
▼ + stars: | 2024-03-15 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Some hidden gems still exist within the large numbers of stocks trading at sky-high prices, according to Wolfe Research. In a recent note, the research firm released its list of top deep value companies, which have strong earnings and balance sheets. The company's 2024 free cash flow yield is estimated at around 4%, per Wolfe. The company reported revenue for the fourth quarter that came in ahead of analysts' expectations, per FactSet, and it declared a cash dividend of 45 cents per share. Alliance Resource Partners sports a 14.2% dividend yield, but shares are down more than 7% in 2024.

Persons: Wolfe, Ford, Buckle, Cousins Organizations: Wolfe Research, Nvidia, AAA, Ford, Star, Carriers, Resource Partners

☆ Buying a new car could cost you $7,600 a year on top of the sticker price, nearly double a decade ago
▼ + stars: | 2024-03-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

EdmundsThe total cost of a new F-150 over five years, including the $36,400 additional costs on top of the $48,100 sticker price, is about $85,000. That would make the total cost of the car about $91,000, including the original purchase. EdmundsThe total cost for gas and hybrid Rav4s would be about $64,300 over five years, including the original purchase price of about $35,000. Both models also have much lower depreciation than the F-150 and the Model Y, dropping about $12,300 in value over five years. AdvertisementIt's important to consider the total cost of ownership when selecting a new vehicle, which can be thousands more out of your pocket every year.

Persons: —, That's, Edmunds Organizations: Service, Business, Ford, Toyota, Tesla Locations: Edmunds

☆ Premarket stocks: The rent is too damn high. It’s keeping interest rates elevated, too
▼ + stars: | 2024-03-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

In short, the rent is too damn high — and it’s keeping inflation and interest rates elevated alongside it. We’ll see if they’re right on Tuesday morning when February’s CPI data is due out. “Shelter inflation has been a big focal point for the market,” they wrote in a note on Monday. “We remain confident that [rent prices] will flatline in 2024, rather than fall,” Capital Economics analyst Thomas Ryan wrote in a recent note. That means a current deceleration in rent prices won’t be fully factored into inflation data until February 2025.

Persons: Greg McBride, ”, Jerome Powell, “ It’s, Powell, aren’t, “, Thomas Ryan, Ritti Singh, Singh, won’t, isn’t, Goldman Sachs, Clare Duffy, Reddit, it’s, That’s, Matt Egan, Joe Biden, Bespoke’s Paul Hickey, ” Hickey Organizations: CNN Business, Bell, New York CNN, Federal Reserve, CPI, Bank of America, ” Capital, Housing Justice, Fed, Dallas Fed, AAA, Federal, Investment Locations: New York

☆ A key inflation reading is due out Tuesday morning. Here's what to expect
▼ + stars: | 2024-03-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Excluding food and energy, the increase for core inflation, is forecast at a 0.3% gain, also one-tenth of a percentage point above the previous month. On a year-over-year basis, headline inflation is expected to show a 3.1% gain and core inflation a 3.7% increase when the Labor Department's Bureau of Labor Statistics releases its latest reading on the consumer price index Tuesday at 8:30 a.m. On the brighter side, House said lower prices on travel, medical care and other services helped keep inflation in check. Still, Wells Fargo has raised its full-year inflation forecast. Focusing on the core personal consumption expenditures price index, the preferred Fed gauge, Wells Fargo sees inflation at 2.5% for the year, versus a prior estimate for 2.2%.

Persons: Elijah Nouvelage, Dow Jones, Sarah House, Wells, Wells Fargo Organizations: Kroger, AFP, Getty, Labor Department's Bureau of Labor Statistics, Fed, AAA, CPI, Wells, New York Fed Locations: Atlanta , Georgia, Wells Fargo, isn't

☆ Gas prices have surged to four-month highs. Don’t panic
▼ + stars: | 2024-03-11 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

A gas price spike might be the last thing President Joe Biden needs to convince skeptical voters about his economic agenda. But experts say there is no reason to panic about gas prices, at least not yet. Gas prices always rise at this time of the year. Of course, there’s always the potential for unexpected events that could spike gas prices. If anything, De Haan said the earlier-than-expected jump in gas prices this year could cause prices to peak sooner than usual.

Persons: it’s, That’s, Joe Biden, Bespoke’s Paul Hickey, ” Hickey, “, ”, Patrick De Haan, Andy Lipow, Lipow, there’s, GasBuddy’s De Haan, De Haan Organizations: New, New York CNN, AAA, Federal, Investment, CNN, Whiting, BP Locations: New York, Indiana —, Michigan, Illinois, OPEC, Saudi Arabia, Russia, Saudi Aramco, Ukraine

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow California became a hot spot for expensive gas pricesCalifornia is home to some of the highest gas prices in the United States, according to AAA. High taxes are partly to blame since the Golden State has the highest gasoline taxes in the nation, according to the U.S. Energy Information Administration. But, there's more to the story. Watch the video above to learn more about what is driving gas prices higher and how drivers can save money.

Organizations: AAA, Golden State, U.S . Energy Information Administration Locations: California, United States

☆ These tax-free bonds could see stellar returns once the Fed starts cutting rates
▼ + stars: | 2024-03-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Such a move would bode well for fixed income, including municipal bonds. Recent data from Columbia Threadneedle Investments and Bloomberg, shows that muni bonds can see a jump in cumulative tax-equivalent returns once the Fed begins cutting rates. When taking into account the tax savings, muni bond investors don't have to take that much risk to capture attractive yields. Rising flows and higher yields Investors have been pouring money into muni bond funds lately. BlackRock's iShares National Muni Bond ETF (MUB) , meanwhile, has seen an exodus of more than $1 billion in flows this year, but it experienced inflows of $150.9 million in the past week.

Persons: Jerome Powell, bode, munis, Catherine Stienstra, BlackRock's, Duane McAllister, Baird Organizations: Federal Reserve, Columbia Threadneedle Investments, Bloomberg, York Life Investments, Columbia, Bond, Muni Bond ETF, Baird Asset Management, AAA, BBB Locations: Columbia

☆ Premarket stocks: Why it’s not all doom and gloom for commercial real estate
▼ + stars: | 2024-03-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. I take that as a signal of a potential turn in the CMBS market in terms of the market sentiment. It’s not just all gloom and doom in the CRE market. Richmond Federal Reserve President Tom Barkin echoed the idea that the central bank may not cut interest rates this year. OPEC+, a coalition of the world’s top oil producing countries, had announced voluntary oil cuts of 2.2 million barrels per day in November.

Persons: Tracy Chen, Chen, that’s, Bell, Banks aren’t, CMBS, We’ve, they’ve, —, Jerome Powell, Torsten Slok, “, Tom Barkin, ” Barkin, “ I’m, Eva Rothenberg, Brent, Goldman Sachs Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, Brandywine, Intercontinental Exchange and Bank of America, outperformance, Fed, New York Community Bank, York Community Bank, Federal, Apollo Global Management, Richmond Federal, CNBC, OPEC, AAA Locations: New York, Japan, Switzerland, Germany, New, New York City, Richmond, OPEC, Saudi Arabia, Russia, Iraq, United States

☆ OPEC+ members extend oil output cuts to Q2
▼ + stars: | 2024-03-03 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

CNN —OPEC+ member nations have agreed to extend their voluntary cuts to crude oil production through the second quarter, the group announced Sunday. The move is a part of the group’s perpetual balancing act to stabilize oil prices by reducing supply. OPEC+, a coalition of the world’s top oil producing countries, had announced voluntary oil cuts of 2.2 million barrels per day in November. The Energy Information Administration reported last month oil refinery inputs, crude oil stock, and gasoline production were all increasing. Oil prices fell on the agency’s announcement US commercial crude oil inventory was sitting at 447.2 million barrels.

Persons: Brent, Goldman Sachs Organizations: CNN, OPEC, The United Emirates, AAA, Energy Information Administration, EIA Locations: OPEC, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, Oman, United States

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