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☆ TikTok creators fear for their livelihoods after U.S. lawmakers pass bill that could lead to ban
▼ + stars: | 2024-04-24 | by ( Zach Vallese | ) www.cnbc.com time to read: +7 min

"TikTok allows small businesses and creators to find their people in their community," Nichols told CNBC, ahead of the bill's signing. watch nowNichols joined a number of other TikTok creators in traveling to the Capitol to oppose a potential ban. TikTok creators and influencers, living far out of the realm of politics, have a very different concern. Tony Youn, a plastic surgeon with 8.4 million TikTok followers, said finding a big audience is difficult. WATCH: Senator Markwayne Mullin talks passage of Tiktok ban

Persons: Craig Hudson, Ophelia Nichols, Nichols, Biden, TikTok didn't, Shou Zi Chew, TikTok, Markwayne Mullin, CNBC's, Mullin, they'll, Zi Chew, Sen, John Fetterman, Anna Moneymaker, livestreams, Adam Mosseri, Tony Youn, Youn Organizations: Foreign, Capitol, Washington , D.C, CNBC, Oxford, TikTok, America Survey, Lawmakers, Communist Party, Russell Senate, ByteDance, Getty, YouTube, Meta, Facebook Locations: Washington , U.S, Alabama, Washington ,, Israel, Ukraine, Taiwan, It's, American, U.S, TikTok, United States

☆ Bank of America survey: 40% of iPhone users are on three generations or older phones
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America survey: 40% of iPhone users are on three generations or older phonesWamsi Mohan, Bank of America analyst, joins 'Power Lunch' to discuss the latest Bank of America survey regarding Apple's iPhone cycle, what Apple could do with AI to make a big leap in its next generation iPhone, and much more.

Persons: Wamsi Mohan Organizations: Email Bank of America, Bank of America, Apple

☆ Investors are the most bullish since early 2022 and 'all-in' on tech, says Bank of America survey
▼ + stars: | 2024-02-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Meanwhile, investors have cut their cash levels to 4.2% from 4.8%, the survey said. "Most bullish FMS in 2 years ... investors go all-in on U.S. tech," Hartnett wrote in a note to clients. For the first time since April 2022, investors became confident enough to predict that the U.S. economy would skirt a recession, the BofA survey showed. The proprietary indicator gauges when inflows or outflows related to stock-based funds point to investors moving too far to either side. Hartnett highlighted a few contrarian trades for a hard landing scenario, which includes going long cash and defensive stocks, and short technology companies.

Persons: Michael Hartnett, Hartnett Organizations: Bank of America, Manager Survey, FMS Locations: U.S

Despite mortgage rates hovering around 6%, homeownership is still a top priority for many Americans. Matt Vernon, head of consumer lending at Bank of America, says prospective homebuyers shouldn't try to time the market. Despite this, many prospective homebuyers are ready to act. According to Matt Vernon, head of consumer lending states at Bank of America, it's not worth waiting for rates to drop if you're otherwise ready to buy. For instance, approximately one-third of prospective homebuyers would consider starting an online store to sell handcrafted pieces (34%) or selling some of their belongings (31%) to save for a home.

Persons: Matt Vernon, shouldn't, —, it's, homeownership, Homeownership, Vernon, they'd, today's Organizations: Bank of America, Service, Finance

☆ How to spot red flags of a stressful job before you even take it
▼ + stars: | 2023-11-22 | by ( Gili Malinsky | ) www.cnbc.com time to read: 1 min

Work can cause a great deal of stress. More than half, 57%, of workers report experiencing the impacts of work-related stress such as emotional exhaustion, low motivation and a desire to quit, according to the American Psychological Association's 2023 Work in America Survey. Whether or not a job ends up being stressful can be the result of a series of factors. A toxic boss, an overwhelming workload and a lack of flexibility can all play into your experience. "What's best for [you] might not be for someone else," says Vicki Salemi, career coach at Monster.

Persons: Vicki Salemi, Andrew McCaskill Organizations: America Survey

Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. If the BOJ pulls interest rates above zero for the first time in years, banks' lending margins could rise. Steve Donzé, deputy head of investment at Pictet Asset Management in Tokyo, said he had also been buying Japanese bank stocks. BOND PAINJapanese inflation means bond investors could suffer. But investors are cautious about this so-called yield curve control policy ending as the BOJ is forced to tighten monetary policy.

Persons: Issei Kato, Shigeka Koda, Koda, Steve Donzé, Junichi Inoue, Janus Henderson, James Halse, Warren Buffett, David Hogarty, Jon Day, Grégoire Pesques, Amundi, Pictet's Donzé, Naomi Rovnick, Kevin Buckland, Dhara Ranasinghe, Jane Merriman Organizations: Bank of Japan, REUTERS, LONDON, Asia Investment, Kosaido Holdings, Kyushu Financial, Pictet, Management, Platinum Asset Management, Global, Bank of America, Tokyo Stock Exchange, Dublin, Newton Investment Management, Thomson Locations: Tokyo, Japan, TOKYO, Singapore, Sydney, United States, Europe, London

☆ 56% of Gen Z doesn't have an emergency fund—here's the first thing you should do to build one, according to a CFP
▼ + stars: | 2023-11-14 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

High inflation and interest rates have made it hard for people of all ages to build up emergency funds, but Gen Z seems to be having a particularly difficult time stashing away cash, a recent Bank of America survey found. In fact, 56% of Gen Zers say they don't have enough savings to cover three months of expenses in the event of an emergency. Given that emergency funds tend to grow as people get older and wealthier, Gen Z's lack of savings doesn't come as a shock to Douglas Boneparth, certified financial planner and president of Bone Fide Wealth. But this doesn't mean that younger generations should procrastinate when it comes to starting an emergency fund. Here are the basics of an emergency fund and why it's important for Gen Z to begin stashing away cash now.

Persons: Gen, Gen Zers, They're, Bankrate, Douglas Boneparth, it's, Z Organizations: of America, Bone, CNBC

☆ 10 in-demand, low-stress jobs—one pays more than $100,000 per year
▼ + stars: | 2023-11-10 | by ( Gili Malinsky | ) www.cnbc.com time to read: +4 min

Stress level: 52 Media salary: $113,940Packaging and filling machine operator and tenderPackaging and filling machine operators work in places like factories preparing goods for shipment. Stress level: 52 Media salary: $36,750ArchivistArchivists are responsible for safeguarding important historical documents. Stress level: 53 Media salary: $60,800Electromechanical equipment assemblerElectromechanical equipment assemblers put together and maintain various machines or parts of machines (like dynamometers and actuators). Stress level: 53 Media salary: $76,480Fuel cell engineerFuel cells produce electricity using energy from elements like hydrogen. Stress level: 55 Media salary: $44,930Machine feeder and offbearer

Persons: assemblers Organizations: America Survey, Occupational

☆ What Is a Soft Landing?
▼ + stars: | 2023-11-02 | by ( Aly J. Yale | ) www.wsj.com time to read: +4 min

But whether the central bank can meet its dual-objectives of slowing price growth and avoiding a recession—dubbed a “soft landing” by economists—remains to be seen. Threading that needle has proven to be quite elusive.”What is a soft landing? “The alternative to a soft landing is a hard landing,” Cirksena says. “How ‘soft’ that ‘soft landing’ is among citizens could vary widely,” he says. Will the Fed achieve a soft landing this time?

Persons: Aly J, —, ”, David Johnston, Bank of Japan —, Aaron Cirksena, you’ll, ” Cirksena, Peter C, Earle, Jerome Powell, “ Organizations: Yale, Federal Reserve, Wealth Management, European Central Bank, Bank of, MDRN, American Institute for Economic Research, Fed, Bank of America, Wall Street, National Bureau of Economic Research Locations: Flemington, N.J, U.S, Bank of Japan, Annapolis, Md

☆ Gen Zalpha doesn't really care for sex on TV — they're here for 'nomance' and on-screen friendships
▼ + stars: | 2023-10-27 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Teens and young adults are over romance and sex in TV shows and movies, per a new survey. 51.5% of those surveyed want to see more "nomance," or content based on friendships and platonic relationships. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementTeens and young adults are over romance and sex in TV shows and movies — what they really want to see on screen is a lot more "nomance." And younger people are also having less sex than their parents did at their age, per UCLA's California health interview survey.

Persons: —, Zalpha, there's, Stephanie Rivas, Lara, Hiral Kotecha, Vivek Murthy, " Rivas, Kotecha, Z Organizations: Service, UCLA, Alpha Locations: America, California

☆ Israel-Hamas War: 36% say America should treat both Israel and Palestine the same
▼ + stars: | 2023-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael-Hamas War: 36% say America should treat both Israel and Palestine the sameCNBC's Steve Liesman reports on the latest news from a CNBC All-America Survey.

Persons: Steve Liesman Organizations: Israel, CNBC, America Survey Locations: America, Israel, Palestine

☆ Gen Z is shopping less and eating at home more as the woes of inflation set in, BofA survey finds
▼ + stars: | 2023-10-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Gen Z is cutting back on their spending for the next year, a study reveals. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . About 53% of Gen Z cite a high cost of living as a barrier to their financial success. The holidays are approaching, and it's unclear if Gen Z will stick to their financial saving plans.

Persons: —, Gen, they're Organizations: Service, Bank of America, US Bureau of Labor Statistics, of America

☆ We thought we avoided recession. Turns out we're not in the clear yet.
▼ + stars: | 2023-10-01 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

The US economy showed signs of a soft landing this summer. In September, the Federal Reserve buoyed those hopes by keeping interest rates unchanged for the first time since the first quarter of 2022. At the start of the rate increase, many borrowers, such as existing homeowners, had low mortgage interest rates locked in. As the economist David Rosenberg says, it typically takes six months for a recession to hit the economy after interest rates increase by this much. AdvertisementAdvertisementAnd while Powell said a soft landing is "possible," he also warned that it could be decided by factors "outside our control."

Persons: —, Taylor, Oppenheimer, Morgan, David Rosenberg, Eric Thayer, Janet Yellen, Jerome Powell, Powell Organizations: Service, National Association of Business Economics, Bank of America, Federal Reserve, JPMorgan, Costco, Bloomberg, Gas Locations: Monterey Park , California

☆ China's big 'Golden Week' is here. Three hot destinations for spending — and a stock with 95% upside
▼ + stars: | 2023-10-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Whether it's by train or by car, hundreds of millions of people are traveling around mainland China for a holiday called Golden Week. From the Mid-Autumn Festival on Friday, Sept. 29, to the following Friday, the break runs for an entire week to celebrate China's National Day. Morgan Stanley analysts like Hong Kong-listed CTG Duty Free , China's state-owned duty-free retail giant. Within China, domestic hotel room rates are still above 2019 levels, Morgan Stanley analysts said. On the macro front, if tourism pans out as expected this Golden Week, it will give a much-needed lift to China's the economy overall.

Persons: Morgan Stanley, They're, Oliver Wyman, Oliver Wyman's, BlackPink, Atour, — CNBC's Michael Bloom Organizations: Bank of America, Hong, Golden, MGM China, Wynn Macau Locations: China, Hong Kong, Hainan, Macau, U.S

☆ The US consumer is starting to crack
▼ + stars: | 2023-09-28 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementEven as interest rates skyrocketed over the past 18 months, a good job market and strong consumer spending kept the US economy moving. However, there are growing signs that the strength of the US consumer is starting to crack. Earlier this month, the Fed kept interest rates unchanged, as expected. At the start of the rate increase, borrowers, like existing homeowners, had low mortgage interest rates locked in. Even dollar stores are starting to feel the pressure of more measured spending after initially benefitting from inflation as wealthier people looked for more value.

Persons: —, Morgan Stanley, It'll, Jerome Powell, Powell, David Rosenberg Organizations: Service, Federal Reserve, San Francisco Fed, United Auto Workers, National Association of Business Economics, Bank of America, Conference Board, JPMorgan, Bloomberg, Costco Locations: Michigan

☆ First on CNN: Two out of three workers say prices are still rising faster than wages, new survey shows
▼ + stars: | 2023-09-25 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Sixty-seven percent of employees say the cost of living is outpacing growth in their salary and wages, according to a Bank of America survey shared exclusively with CNN on Monday. High inflation is a major reason why just 42% of employees say they feel financially well, according to the Bank of America survey. Likewise, 64% of employees say they are stressed about their finances. 23% of women losing sleep over moneyJust 38% of women say they feel financially well, according to the Bank of America survey. While 61% of Asian employees say they feel financially well, just 44% of White employees, 40% of Hispanic and 35% of Black said the same.

Persons: That’s, “, ” Lorna Sabbia, Joe Biden, Biden, ”, Black, Sabbia, ” Sabbia Organizations: New, New York CNN, Bank of America, CNN, Bureau of Labor Statistics, of Labor Statistics, Bidenomics The Bank of America, ABC News, Washington Post, ABC, “ Companies Locations: New York

☆ Investors riddled with FOMO might be re-entering the US stock market
▼ + stars: | 2023-09-21 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Investors who missed out on this year’s unexpected rally seem to be dipping their toes back into the US stock market. That suggests that investors who watched equities steadily climb higher this year are starting to take their cash off the sidelines and put it into the stock market, some investors say. That’s caused some investors to come down with a classic case of fear-of-missing-out, says Saira Malik, chief investment officer at Nuveen. The data-dependent central bank held rates steady on Wednesday and signaled that it could hike rates once more this year. Still, bond yields rose to their highest level since 2007 this week, as investors bet that the central bank will keep rates higher for longer.

Persons: Saira Malik, Malik, I’ll, ”, Alex McGrath, Samantha Kelly, she’s, Sam, Read, Elon, Jennifer Korn Organizations: CNN Business, Bell, CNN — Investors, Global, Bank of America, Federal Reserve, Tech, Nvidia, Apple, Microsoft, Traders, Apple Watch, smartwatches

☆ CNBC Daily Open: More obstacles for U.S. banks
▼ + stars: | 2023-08-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. consumer strong as everU.S. consumer spending in July remained healthy, according to data from the Commerce Department. Seasonally adjusted retail sales rose 0.7% for the month; economists were expecting 0.4%. Excluding autos, sales rose 1% against a 0.4% forecast.

Organizations: CNBC, bourse, Fitch, JPMorgan Chase, Bank of America, Commerce Department, U.S Locations: Russian

☆ Bank of America survey signals investors are overconfident and stocks' ‘strong tailwind’ is over
▼ + stars: | 2023-08-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

"Bear positioning strong tailwind for risk assets in H1…not the case in H2," Hartnett wrote in a summary of the closely watched survey. Cash allocations have dropped to 4.8% of portfolios, below the 5% dividing line that has traditionally been a buy signal. Even if there is a recession, managers expect it to be mild, with 65% expecting a "soft landing." Allocation to stocks is the least underweight as a share of portfolios since April 2022 and up 13 percentage points from July. The survey was taken Aug. 4-10 and entailed 247 panelists with $635 billion in assets under management.

Persons: Michael Hartnett, Hartnett, REITs, Lehman Organizations: Bank of America, Survey, FMS

From early withdrawal fees and penalties to the loss of investment earnings, this option is rarely worth it. Credit card debt has reached a staggering $1 trillion, and the 401(k) plan may seem like the next stash of cash to access. We've seen it before: Back in the height of the pandemic, Americans were also taking withdrawals from retirement savings to make ends meet. In fact, the government made it easier, eliminating the 10% early withdrawal penalty on withdrawals up to $100,000. The 401(k) early withdrawal penaltyA 401(k) loan will cost you more than just 30% — mandatory 20% federal tax and 10% early withdrawal penalty.

Organizations: of America, Service, Bank of America's Locations: Wall, Silicon

☆ CNBC's All-America Survey reveals the disparate impact high interest rates have across income levels
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC's All-America Survey reveals the disparate impact high interest rates have across income levelsCNBC's Steve Liesman joins 'The Exchange' to discuss the results of CNBC's All-America Survey, the lower income households being more impacted by higher rates, and how rates impact age demographics differently.

Persons: Steve Liesman Organizations: Survey, America Survey

☆ Analysis: Contrarians bet U.S. energy shares will shake doldrums in 2023's second half
▼ + stars: | 2023-06-28 | by ( David Randall | ) www.reuters.com time to read: +4 min

That has hurt shares of energy companies: after soaring in 2022, the S&P 500 energy sector (.SPNY) has lost nearly 10% this year, making it the index’s worst performing sector. Most investors believe central bank interest rate hikes to fight inflation should keep a lid on global growth for the time being. Yet some are positioning for a rebound in energy shares, drawn by attractive valuations and signs the U.S. will continue to stave off an economic downturn. Stan Majcher, a portfolio manager at Hotchkis & Wiley, is among those counting on oil prices rebounding due to tight supply. “If you don’t get it, the path of least resistance is for oil prices to move much higher," he said.

Persons: Brent, David Lefkowitz, Baker Hughes, Stan Majcher, Refinitiv, Charles Lemonides, Sam Peters, David Randall, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: YORK, UBS Wealth Management, UBS, Federal Reserve, TD Securities, . West Texas, Brent, U.S, drillers, Hotchkis, Wiley, Kosmos Energy Ltd, Bank of America Survey, Hess Corp, Occidental Petroleum Corp, ClearBridge Investments, Thomson Locations: U.S, China, Saudi Arabia

McKinsey says generative AI could add $7.3 trillion in value to the world economy each year and believes half of today's work activities could be automated between 2030 and 2060. The latest Bank of America survey in June showed 29% of global investors don't expect AI to increase profits or jobs. "There's a lot of focus on the risks that generative AI can bring. He sounded confident over the capacity of some professional information and data providers, which own proprietary data, to integrate generative AI into their products. Cristina Matti, small and midcaps portfolio manager at Amundi, said indiscriminate investing was not an option for investors seeking AI exposure.

Persons: Gilles Guibout, UK's Pearson, Chegg, Pearson, Thomas McGarrity, Andrea Scauri, Scauri, Capgemini, Cristina Matti, Danilo Masoni, Lucy Raitano, Chizu Organizations: Nvidia, McKinsey, AXA Investment, Bank of America, Microsoft, RBC Wealth Management, Accenture, Thomson Locations: MILAN, Europe, United States, Paris, Lemanik, Amundi

☆ Here’s where advisors are hunting for yield and portfolio diversification, Bank of America finds
▼ + stars: | 2023-06-23 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Investors' demand for alternative investments is cooling, but financial advisors anticipate adding these assets over the long term to boost diversification, a Bank of America survey of financial advisors found. Last week, the firm conducted its quarterly survey of financial advisors and received responses from 159 individuals. In the world of income, just under half of advisors are rotating client deposits into higher-yielding money market funds, while about 34% are raising cash and liquidity due to market uncertainty, Bank of America found. Indeed, retail money market fund assets grew to $1.99 trillion during the week ended June 21, according to the Investment Company Institute . Bank of America predicts that when volatility normalizes, advisors will reduce the amount of cash they're squirreling away for clients, but they will continue to sort into higher-yielding liquid products – like these money market funds.

Persons: Craig Siegenthaler, Siegenthaler, — CNBC's Michael Bloom Organizations: Bank of America, Beta Fund, alts, of America, Investment Company Institute Locations: 5Ys

☆ Investors are piling into tech stocks and shrugging off the debt-ceiling drama, Bank of America survey shows
▼ + stars: | 2023-05-18 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Fund managers' allocations to tech stocks have hit a 17-month high, according to Bank of America. Over 70% of investors aren’t worried about the debt-ceiling drama in Washington, the bank’s latest survey showed. Being "long big tech" was also the most crowded trade amongst the fund managers surveyed, according to BofA. The investors' move into tech stocks comes with the sector in the midst of a breakneck rally. Tech stocks have also benefited from hopes that the Fed will soon wind down its war on inflation.

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