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Investors looking for protection against market downside are turning toward buffer exchange-traded funds, also known as defined-outcome ETFs. Buffer ETFs have exploded in popularity in recent years, although they are still a small slice over the overall industry. How buffer ETFs work Managers use a set of equity options when building a fund. Recently, Calamos announced a new product line of 12 ETFs that offers 100% downside protection. The first in the line, Calamos S & P 500 Structured Alt Protection ETF (CPSM) , began trading May 1.
Persons: Lan Anh Tran, Morningstar, Tran, Todd Sohn, Strategas, Sohn, Calamos, Russell, Matt Kaufman, Kaufman, Morningstar's Tran, HELO 1Y, It's Organizations: Morningstar, Strategas Securities, Capital Management, Equity, PGIM, Allianz, BlackRock, Treasury, Trust, JPMorgan Hedged Equity, JPMorgan Locations: BlackRock
A new ETF designed to shield investors from the risk of market volatility starts trading on Wednesday. The Calamos S&P 500 Structured Alt Protection ETF (CPSM) promises to deliver investors "100% downside protection" against the index's losses over a one-year outcome period, according the firm's news release. Investors in the fund are subject to limits on the extent to which they can capture gains tied to the S&P 500 . It's a fully funded options package that delivers the upside of the S&P 500 to a cap with 100% capital protection over a 365-day outcome period," he said. "Then at the end of that year, the options reset, stay in the ETF and keep on going."
Persons: Calamos, Matt Kaufman, CNBC's, Kaufman, It's
A new ETF is designed to offer investors "100% downside protection" to the stock market. The Calamos S&P 500 Structured Alt Protection ETF will launch on Wednesday under the ticker symbol "CPSM". AdvertisementA new ETF promises to offer investors "100% downside protection" to the stock market, but it comes with a few caveats. The catch is that it also limits investors' upside gains to the S&P 500 at a range of 9.20% to 9.65%. The other catch is that for investors to secure the 100% downside protection, they must buy the ETF on its first day of issuance.
Persons: , Matt Kaufman, Kaufman, Russell Organizations: Service, CNBC, Nasdaq
"There's a lot going on in the space," said Judy Kimball, a senior director of investor marketing at Yipit. Initial Data Offering launched last December, and its user base has grown rapidly, according to Ober. The site is simple — it's a place where data vendors can share new products, and data buyers can get in touch with sellers on items that interest them. Now, his side hustle is growing faster than he could have imagined, and he hopes to expand beyond the typical hedge fund crowd. Because this isn't Ober's day job, the build-out can be less about revenue and more about growing the community.
Persons: Carlyle, aren't, Judy Kimball, It's, Lowenstein Sandler, Matt Ober, Ober, Kimball, Yipit Organizations: Business, IDO Locations: San Diego, Ober
"We downgrade HON to Hold as we only see 10% upside to our new, lower $215 price target." Goldman Sachs initiates GE Vernova as buy Goldman said it's bullish on the company's electrification opportunity. " Goldman Sachs initiates DraftKings as buy Goldman said the sports betting company is a "revenue compounder." "We initiate coverage on Genius Sports Ltd. (GENI) with a Buy rating and a 12-month price target of $7.50 (40% upside)." Argus upgrades Goldman Sachs to buy from neutral Argus upgraded Goldman Sachs following its earnings report on Monday.
Persons: Evercore, Reddit, JPMorgan, Tesla, Goldman Sachs, Goldman, it's bullish, Wells, Needham, Morgan Stanley, it's, AUNA, William Blair, Cantor Fitzgerald, Klaviyo, Cantor, SYNNEX, Baird, Guggenheim Organizations: Evercore, Nvidia, UBS, Deutsche Bank downgrades Honeywell, Deutsche, Bank of America, of America, JPMorgan, Citi, Coty Citi, COTY, GE Vernova, Genius Sports Ltd, HSBC, Devices, AMD, KR, Apple, Barclays, Tyson, TSN, Emerging Athletic Brands, Crown Holdings, Argus, Goldman, Netflix, Guggenheim, NASDAQ, Deutsche Bank, General Motors, GM
Gold near record high on growing geopolitical concerns
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices ticked up, hovering near record-high levels, as fears of escalating tensions in the Middle East drove investors towards the safe-haven metal. Gold prices ticked up on Tuesday, not too far away from a record high hit last week, as concerns about rising geopolitical tensions between Iran and Israel propped up demand for the safe-haven metal. Spot gold was up 0.2% at $2,387.11 per ounce, as of 0355 GMT, after hitting an all-time high of $2,431.29 on Friday. Gold rose 1.6% in the previous session despite data showing U.S. retail sales increased more than expected in March. Citi projected gold prices to trade at $3,000 per ounce over the next 6-18 months.
Persons: Matt Simpson Organizations: East, City Index, U.S ., Citi Locations: Iran, Israel, U.S, India, China
On Saturday night, while Iran fired drones and missiles into Israel, Donald Trump talked a lot about chaos. “What’s going on with the world?” Mr. Trump said while telling a story onstage. Russia, Ukraine, Israel; the Middle East is blowing up. China’s going to be next with Taiwan; because of weakness, China’s going to be next. Sometimes, with the way Mr. Trump talks, he can subtly lock more and more people into his inability to process his 2020 defeat.
Persons: Donald Trump, “ What’s, Trump, , What’s, Frank Sinatra’s “, Elvis Presley’s, Israel, hadn’t Locations: Iran, Israel, Russia, Ukraine, Taiwan, Allentown, Pa, Afghanistan
How, precisely, did the country come to war in the world of the movie? And you could see it getting magnified.”I saw “Civil War” a few weeks ago at a screening in Charlottesville. Garland and his collaborators make no attempt to explain the war. They make no attempt to explain the politics of the war. They make no attempt to explain anything about the world of the film.
Persons: Alex Garland, Garland, , , Organizations: New, Army, Western Forces, Florida Alliance, Loyalist, Locations: United States, Pacific Northwest, Texas, California, Charlottesville
CNN —Beyoncé has some people excited about country music. But they aren’t the only ones whose careers could benefit from Queen Bey’s entrance into country music. Andrew Nelles /The Tennessean/USA Today NetworkRVSHVD (pronounced Ra-shad) is another Georgia native who is making his way in the country music industry. Apple TV+Ashlie Amber may not have won a TV competition meant to open doors for underrepresented country artists, but she’s definitely winning fans. Jason Kempin/Getty ImagesTwins Derek Campbell and Brandon Campbell are fighting for inclusivity in country music in more ways than one.
Persons: CNN — Beyoncé, Cowboy Carter, Beyoncé, can’t, Dolly Parton’s, Jolene, , Tanner Adell, Willie Jones, Tiera Kennedy, Linda Martell, Reyna Roberts, Brittney Spencer, Derek White, Kelly Clarkson, Shania Twain, Twain, , ” Twain, ” Kylan Boykin, we’re, Nytere Boykin, Carter ”, ” Nytere Boykin, RVSHVD RVSHVD, Andrew Nelles, Clint Rashad Johnson, Keith Urban’s, — Marvin Gaye, Luther Vandross, Luke Bryan, Darius Rucker, Angel Rewis, Johnson, She’s, Amber Ashlie Amber, Amber, she’s, Reese Witherspoon, Kacey Musgraves, Jimmie Allen, Mickey Guyton, Orville Peck, ” Micaela Kleinsmith, ” Amber, “ Beyoncé, Derek Campbell, Brandon Campbell, Jason Kempin, we’ve, ” Derek Campbell, WSMV4, Hart, Trea Swindle, Danica Hart, Devynn Hart, Chapel Hart, Evan Agostini, “ Jolene, , Danica, Trea, America’s, ” Parton, “ We’re Organizations: CNN, The Recording, CMT, USA, Billboard, Florida Georgia Line, Apple, The Kentucky Gentlemen, Winery, Getty, inclusivity, , Rolling Stone, Chapel, Channel, Nashville Locations: Atlanta, Nashville, Georgia, Florida, Nashville , Tennessee, Kentucky, Winery Nashville, Versailles , Kentucky, America, Austin , Texas, Mississippi, Louisiana
Read previewThe company behind Donald Trump's alt-right social media platform, Truth Social, made its stock market debut last week. Its parent company, Trump Media & Technology Group, merged with Digital World Acquisition Corp. and began trading under the ticker DJT on Tuesday. I decided to take a day-long visit its core platform, Truth Social, to see what goes on. Most of the content on Truth Social is highly political, and my feed was littered with fellow "Truthsayers" spouting conspiracy theories. AdvertisementUnless you have a burning desire to fill your days with overly political content, Truth Social might not be the social media platform for you.
Persons: , Donald Trump's, Trump, MAGA, Elon Musk's, Joe Biden, Biden, it's Organizations: Service, Trump Media & Technology Group, Business, NBC, Washington Examiner, CBS News Locations: America
Vera Drew never received a cease-and-desist letter. She would like to be very clear on that point. Unless, that is, a filmmaker receives a letter from Warner Bros. “This letter was actually kind of complimentary, but it expressed their concern that the film infringed on their brand,” Drew said. I was like, ‘No, I got a passport for this!
Persons: Vera Drew, Drew, Megan Amram, Tim, Eric, Sacha Baron Cohen, , Al Yankovic, ” Drew, Organizations: Toronto, Warner Bros Locations: Los Angeles
Still, we're here to guide our children in a compassionate way through difficult moments at all stages of development. As child psychologists, we've developed an acronym that can assist us all through this process, regardless of our child's age: H.E.L.P. Whatever their action, before you react, it's smart to stop and ask yourself: Where is their behavior coming from? An underdeveloped thinking brain, an overactive emotional brain, and a lack of perspective leads to chaos and poor decision-making. Or is my reaction a reasonable response to my child's behavior, like if my child yelled "I hate you," and my feelings are hurt?
Persons: we've, Lean
CNN —Shigeichi Negishi, the entrepreneur who invented the world’s first karaoke machine, has died aged 100. Negishi, whose 1967 “Sparko Box” prototype is among several devices credited with ushering in Japan’s karaoke craze, died from natural causes in January. His death, which was made public last week, was confirmed to CNN by Shiro Kataoka, managing director of the All-Japan Karaoke Industrialist Association. “When I asked the factory engineer, he said, ‘It’s easy,’” Negishi recalled in an account published by the All-Japan Karaoke Industrialist Association, an industry body for Japan’s karaoke operators. Subsequent developments, including the introduction of video karaoke and networked karaoke systems, helped the phenomenon spread across Asia and the world in the following decades.
Persons: Shigeichi Negishi, Shiro Kataoka, Negishi, , ” Negishi, Leon Harris, Matt Alt, Yoshio Kodama’s, , , I’d, Association’s, ” Shigeichi Negishi, Hiroko Yoda, Daisuke Inoue, Inoue Organizations: CNN, Japan Karaoke, Association ., Association, Locations: Japan, Tokyo, Asia
Read previewWe have one man to thank (or blame) for the many nights we've spent yelling our favorite hits down a microphone: Shigeichi Negishi. The Tokyo-based entrepreneur, who invented the world's first karaoke machine, has passed away aged 100. Farewell to another legend: Shigeichi Negishi, inventor of karaoke, has died age 100. And so, in 1967, the world was graced with its first karaoke machine: the Sparko Box. Online retailers of karaoke hardware continue to thrive, led by Ace Karaoke and Karaoke Warehouse in the States.
Persons: , we've, Negishi, Atsumi Takano, Matt Alt, Shigeichi, ZOpLdSisb2, Daisuke Inoue, Alt, Lady Gaga, Shigeichi Negishi Organizations: Service, Business, Japan Karaoke, Association, Getty Japan, Buffalo Wild Wings, Ace, Apple Locations: The Tokyo, Japan
The most striking item on the list was going on then-Fox News host Tucker Carlson's show to "come out as a republican." "Talk about how the cartel of lawyers is destroying value and throwing entrepreneurs under the bus in order to cover up the incompetence of lawyers," Bankman-Fried memorialized. Numerous former executives and associates testified that Bankman-Fried commingled funds of FTX customers with Alameda Research, a cryptocurrency trading firm he also controlled. Bankman-Fried wrote that he could highlight that aspect of his political spending on Carlson's show. In another list, Bankman-Fried came up with a list of "Allies."
Persons: , FTX, Sam Bankman, Michael Lewis, Lewis, Tucker Carlson's, Fried, Bernie Madoff's, Lewis Kaplan, Carlson, they'd, ANGELA WEISS, Martin Shkreli, Cory Booker of, Matt Levine, Levine, Odd Organizations: Service, ABC, Business, Fox News, US, Office, Southern, of, of New York, Alameda Research, Twitter, Getty, Congressional, Allies, Bloomberg Locations: of New, Manhattan, Cory Booker of New Jersey
He's launched a new company, Foundation Health, to help them do that quickly and at a low cost. Foundation aims to make it easy for insurers to set up their own online pharmacies and pharma companies to sell drugs directly to consumers. "The main focus area for us is to help health plans disintermediate PBMs," Afridi said. Foundation Health wants to help customers ditch big PBMsFoundation's software enables a few different things. Finally, direct-to-consumer health companies can plug into Foundation's technology to power their services, instead of building their own pharmacies and hiring doctors.
Persons: Umar Afridi, disruptors, Afridi, He's, disintermediate, Garry Tan, Y, they've, pocketing, Eli Lilly's, Jack Altman Organizations: California, Cuban, Plus, Business, Foundation Health, Foundation, pharma, Alt, Liquid Ventures, Exceptional, Storm Ventures, PageOne Ventures, Federal Trade Commission Locations: drugmakers
Additional readingYou can explore a longer playlist of Kim Gordon’s music here. You can read our recent profile of Kim Gordon here. The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — available to Times news subscribers on iOS — and sign up for our weekly newsletter.
Persons: Kim Gordon’s, Kim Gordon Organizations: New York Times
We always use this code: garbage in, garbage out," Raphael, chief data officer and Goldman partner, told Business Insider. As Goldman goes all-in on AI, Raphael is emerging as a key player impacting the bank's future. How Raphael's data platform team is leading the way for AI innovation at GoldmanEven though Raphael's day can vary greatly, it always starts the same. AdvertisementOne is the data platform team, which oversees the entire data stack, including infrastructure and how people access data. For Goldman, AI is not new.
Persons: Goldman Sachs, Raphael, Goldman, It's, SecDB, That's Organizations: Service, Business, Goldman, JPMorgan, UC Berkeley, Engineering SWAT, Curation
Opinion | What Happened to Lab-Grown Meat?
  + stars: | 2024-03-02 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “$3 Billion Later, Where’s the (Planet-Saving, Lab-Grown) Beef?,” by Joe Fassler (Opinion guest essay, Feb. 11):In his extensively reported piece, Mr. Fassler pulls back the curtain on cultivated meat. The hard sell for lab-grown meat has always sounded more like Theranos-style spin than feasible innovation, and Mr. Fassler’s reporting certainly gives that impression. The industrial meat industry takes a terrible toll on the planet and animal welfare, and cultivated meat enthusiasts have long argued the only alternative is to provide consumers with facsimiles of the real stuff. In the essay, one alt-meat die-hard compared the solution to this dilemma to two hypothetical runners, one, representing cultivated meat. These solutions need the boosterism — and the billions of dollars — cultivated meat has benefited from.
Persons: Joe Fassler, Fassler
Meg Faibisch Kühn discovered ChatGPT a year ago and started using it every day at work. It wasn't immediately obvious that ChatGPT was a tool for enhancing my personal life as well as my work. ChatGPT helped me renovate my kitchenMy husband and I wanted to renovate our kitchen in the most cost-effective way possible. Screenshot from ChatGPT/Courtesy of Meg Faibisch KühnI was able to use it to figure out how many tiles I needed for the floor. Courtesy of Meg Faibisch Kühn3.
Persons: Meg Faibisch Kühn, , ChatGPT, Meg Faibisch Kühn I've, we've, I've Organizations: ChatGPT, Service, YouTube, US Department of Agriculture Locations: San Rafael , California, ChatGPT
VKTX YTD mountain Viking shares year to date Then, Viking shares more than doubled in trading on Tuesday, putting the stock on pace to report a more than 300% year-to-date gain, after the company said its GLP-1/GIP receptor agonist VK2735 hit all its primary goals in a phase 2 clinical trial. The Tema Cardiovascular and Metabolic ETF (HRTS) , which is up 12% year to date, owns Novo, Lilly and Viking. Still early days Some analysts and investors admit it is still very early days for obesity treatment and many questions remain to be answered. "We continue to expect above consensus growth in the space, as we are bullish on adoption from payers and broader obesity uptake," Meacham wrote. For obesity only, Lilly has already gained a 38% share, despite only being in the market for 13 weeks, he said.
Persons: Eli Lilly, Geoff Meacham, Meacham, Lilly, Yuri Khodjamirian, Khodjamirian, Jeff Jonas, Becton Dickinson, Novo, BofA's Meacham, What's, Tema's, it's, Gabelli's Jonas, he's, William Blair, Andy Hsieh, Hsieh Organizations: Novo Nordisk, Bank of America, Centers for Disease Control, Zealand Pharma, Viking Therapeutics, Zealand, Food and Drug Administration, Novo, Metabolic, Therapeutics, Pharmaceuticals, Rock, AstraZeneca, Roche, Gabelli Funds, FDA, Viking, Merck, Pfizer Locations: U.S, Tema, Novo Nordisk's, GLP, Lilly
Read previewTikTok has a question: Have trad wives gotten more popular since Roe v. Wade was overturned? Nara Smith, the second most popular trad wife account, has gained 2.2 million followers since she set her account up in September 2022. Williams told BI she thinks people are fascinated by traditional wife content because it is "nostalgic," "wholesome, and fulfilling." Williams said she's not surprised trad wife content has picked up since Roe v. Wade was overturned. "You get to choose what makes you happy, and no woman should be forced to be a trad wife, and no woman should be forced to not be a trad wife."
Persons: , Roe, Wade, Caroline Burke, Hannah Neeleman, Burke, Estee Williams, Gwen, Rachel Joy, Neeleman, Nara Smith, Smith, Williams, she's, David Neeleman, Tyler Bender, Bender, Katya Varbanova, Varbanova, I'm, doesn't, Bettie Organizations: Service, Business, Fox News, Fox Locations: Utah, United States, TikTok
6 Podcasts for Food Lovers
  + stars: | 2024-02-25 | by ( Emma Dibdin | ) www.nytimes.com   time to read: +3 min
On its surface, food seems like a safe, low-stakes topic of conversation. Yet just like on matters of religion and politics, discussions of food can become surprisingly contentious — to demonstrate this, just ask your dinner guests to consider whether a hot dog is a sandwich. And some dissect food trends like bone broth, cold brew coffee and air fryers to judge whether the hype is warranted. Starter episode: “What’s The Best Type of French Fry?”As you’d expect from a BBC World Service production, this series has a nuanced, global perspective on the production and consumption of food. Although the guests featured in this American Public Media series are all food professionals, part of the fun is just how varied their recipes are in terms of both complexity and category.
Persons: Josh Scherer, Nicole Enayati, Scherer, Enayati, Fry, Ruth Alexander, , you’re, Paola, Kenji López, Jesse Sparks Organizations: BBC, Service, Public
We know that frozen peas are a freezer staple — they’re just as good as their fresh counterparts, and they’re always ready to add little pops of sweetness to skillet greens with runny eggs and vegetable pulao. But … what makes them such a good freezer staple? A reader asked the cookbook author Kenji López-Alt for his new column titled, appropriately enough, Ask Kenji. Nigella Lawson’s buttermilk roast chicken is a veritable cozy classic, especially since you can leave the bird in its buttermilk bath for up to two days. Be sure to scroll through the reader notes for clever substitutions and additions: using all thighs, swapping Greek yogurt for the buttermilk and spiking the marinade with hot sauce.
Persons: they’re, Kenji López, Kenji, paglia e fieno
Read previewUkraine's 3rd Separate Assault Brigade has been deployed to support the withdrawal from the city of Avdiivka in the Donetsk Oblast, announced on Saturday. "Despite the fact that the occupiers are suffering disproportionate losses, the situation in Avdiivka remains extremely difficult," said the 3rd Separate Assault Brigade's Telegram account. Footage from the 3rd Separate Assault Brigade. In 2023, Biletsky said there was "no split" between the Azov Brigade and the 3rd Assault Brigade," Ukrainska Pravda reported. I am grateful to everyone for their resilience," said the commander of the 3rd Separate Assault Brigade, on Telegram.
Persons: , , Naz, tim e, sid, s of, liv Organizations: Service, Brigade, Institute for, Business, Separate Assault Brigade, kr, Unt Locations: Avdiivka, Donetsk Oblast, Russian, Ukrainian
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