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☆ Weakening Yen exposing underlying struggles in U.S. bond market, warns market forecaster Jim Bianco
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeakening Yen exposing underlying struggles in U.S. bond market, warns market forecaster Jim BiancoJim Bianco, Bianco Research President, joins 'Fast Money' to talk the Yen hitting a 34-year low against the dollar and what it signals to teh bond market.

Persons: Jim Bianco Jim Bianco Organizations: Bianco Research

☆ Something strange has been happening with jobless claims numbers lately
▼ + stars: | 2024-04-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

That's because most of the past several weeks have shown that first-time claims for unemployment benefits haven't fluctuated at all — as in zero. "Initial claims for unemployment insurance are state programs, with 50 state rules, hundreds of offices, and 50 websites to file. Weather, seasonality, holidays, and economic vibrations drive the number of people filing claims from week to week," he added. Indeed, a Labor Department spokesperson noted that while the string of 212,000 prints on the jobless claims data is "uncommon," it would not be considered anomalous. The Labor Department official also pointed out that new seasonal factors to the claims data were announced a month ago.

Persons: Jim Bianco, Tracey Ryniec, Jim Organizations: Labor Department, Bianco Research, Zacks Investment Research, Labor, Federal Reserve Locations: New York City

☆ Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting
▼ + stars: | 2024-03-18 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

On the eve of the Federal Reserve's two-day policy meeting, Wall Street forecaster Jim Bianco believes the central bank will likely stay on hold until next year. For Fed Chair Jerome Powell to cut this spring, the economy would have to dramatically weaken, according to Bianco. This week's Fed meeting comes almost exactly two years after policymakers started their rate hike campaign. It appears Wall Street may be on notice. In January, Bianco told "Fast Money" the 10-year yield would hit 5.5% this year.

Persons: Jim Bianco, CNBC's, Jerome Powell, Bianco, It's, it's, That's, we're Organizations: Federal, Wall, Bianco Research, Boeing, Fed Locations: It's

☆ Fed may not cut rates at all this year, according to market forecaster Jim Bianco
▼ + stars: | 2024-03-18 | 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 EmailFed may not cut rates at all this year, according to market forecaster Jim BiancoJim Bianco, Bianco Research president, joins 'Fast Money' to discuss what's ahead for the Federal Reserve, the impact of elevated rates on bond yields, the state of the U.S. economy and more.

Persons: Jim Bianco Jim Bianco Organizations: Bianco Research, Federal Reserve Locations: U.S

☆ These 8,200-year-old cave paintings are the earliest ever found in South America
▼ + stars: | 2024-03-08 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Neuquen, Argentina Reuters —Archaeologists have discovered the earliest dated cave paintings in South America in Argentine Patagonia, dating back 8,200 years. These proved to be the earliest direct dating of cave paintings in South America,” said Dr. Guadalupe Romero Villanueva, author of the research published in the Science Advances journal. The Argentinean archaeologist said the discovery indicates that the production of cave art began in the Huenul cave about 8,000 years ago and that the practice of painting the particular pattern seen in the cave was sustained for a period of at least 3,000 years. A general view of the Huenul 1 cave where scientists discovered the oldest dated cave art in South America, with nearly 8,200 years old, in Neuquen, Argentina March 3, 2024. Villanueva said there are other places in South America that could have older cave paintings, but which only have relative dating, like Argentina’s Cueva de las Manos, with cave paintings dating back 9,500 years.

Persons: “, ”, Guadalupe Romero Villanueva, Miguel Lo Bianco Miguel Lo Bianco, Romero Villanueva, Villanueva, Cueva, las Organizations: Argentina Reuters —, Argentine, REUTERS, National Council for Scientific, Research, las Manos Locations: Neuquen, Argentina, South America, Argentine Patagonia, Chilean, Buenos Aires, Patagonia

☆ The one big thing keeping interest rates high
▼ + stars: | 2024-03-06 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. Rekenthaler called shelter costs the "most relevant data point" in the most recent consumer price index inflation report. Meanwhile, James Bianco, president of Bianco Research, a financial markets research firm, told Business Insider, "Rising shelter costs will cause the Fed to hold off on cutting rates." Anna Moneymaker/Getty ImagesRent and shelter costs tend to lag behind the rest of the economy because rents are typically fixed for long periods. However, Gordon also said shelter costs can't be ignored because of how much it impacts overall inflation.

Persons: —, Jerome Powell, John Rekenthaler, Rekenthaler, Morningstar, James Bianco, Anna Moneymaker, Kevin Gordon, Charles Schwab, Gordon Organizations: Service, Federal Reserve Bank, Business, Morningstar, Fed, Bianco Research, Federal Reserve

☆ Fed won't cut rates this year unless data is unmistakably weak, says Bianco Research president
▼ + stars: | 2024-03-04 | 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 EmailFed won't cut rates this year unless data is unmistakably weak, says Bianco Research presidentJim Bianco, Bianco Research president, joins 'Money Movers' to discuss the signs of an economic slowdown, what it would take for the Federal Reserve to cut rates this year, and what explains the market's reaction to potential cuts.

Persons: Jim Bianco Organizations: Bianco Research, Federal Reserve

☆ Citi is betting big on high-profile executives to turn things around
▼ + stars: | 2024-02-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

In today's big story, we're looking at the reshuffling of top executives at two of the biggest US banks . Viswas Raghavan, JPMorgan's top dealmaker, has joined Citi as its head of banking and executive vice chair, reporting directly to CEO Jane Fraser. The move is a big deal, but even more shocking since Raghavan was just promoted to be the sole head of JPMorgan's deals business. Since high interest rates aren't stopping stocks from reaching record highs, cuts might not come at all this year , according to analyst Jim Bianco. Market vet Ed Yardeni said interest rates are actually in a sweet spot for stocks, similar to the late '90s.

Persons: Viswas Raghavan, Jane Fraser, Raghavan, Filippo Gori, Doug Petno, Insider's Reed Alexander, Patrick T, Fallon, Fraser, Merrill Lynch, Andy Sieg, Warren Buffett, Warren, Berkshire Hathaway's, Jim Bianco, Ed Yardeni, Gemini, Demis Hassabis, Long, Alyssa Powell, they've, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock Organizations: Citi, JPMorgan, Warren, Warren Buffett REUTERS, Chip, Berkshire, Buffett, Research, Wall, BI, Google, eBay Locations: Bronx, Gori, Rivian, New York, London

☆ The Fed may not cut rates at all this year because high rates 'aren't hurting much,' analyst says
▼ + stars: | 2024-02-26 | by ( Aruni Soni | ) www.businessinsider.com time to read: +1 min

The Fed may not cut rates at all this year because high rates "aren't hurting much," according to analyst Jim Bianco. The opposite of what the Fed needs to administer a cut is playing out, he said. AdvertisementOne prominent Wall Street analyst says the US might sail through 2024 with no rate cuts from the Fed at all. He says that's because, as high as interest rates are, they're not doing that much damage. This story is available exclusively to Business Insider subscribers.

Persons: Jim Bianco, —, " Bianco, they're Organizations: Service, Wall, Bloomberg, Business

☆ Economy isn't showing a need for lower interest rates, says Jim Bianco
▼ + stars: | 2024-02-13 | 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 EmailEconomy isn't showing a need for lower interest rates, says Jim BiancoHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Jim Bianco, Brian Sullivan, “ Organizations: CNBC

CONCORD, N.H. (AP) — Marilyn Manson, who was sentenced to community service for blowing his nose on a videographer at a 2019 concert in New Hampshire, recently completed his time at an organization that provides meeting space for Alcoholics Anonymous and Al-Anon, according to court paperwork. A certificate of completion was filed by the Assistance League of Los Angeles with a New Hampshire court on Jan. 30. Manson had to file proof of his service by Feb. 4. A no contest plea means Manson did not contest the charge and did not admit guilt. Several women have sued Manson in recent years with allegations of sexual and other abuse.

Persons: — Marilyn Manson, Manson, Brian Warner, Andrew Livernois, ”, Westworld, Evan Rachel Wood, Wood, Illma Gore, Esmé Bianco Organizations: CONCORD, Anonymous, Windsor Club of, Alcoholics Anonymous, Assistance League of Los, Bank of New Hampshire, Stone, “, Associated Press Locations: N.H, New Hampshire, Windsor Club of Glendale, California, Assistance League of Los Angeles, Laconia, Concord, Gilford, Hampshire

☆ 'Everything Is Melting': Argentines Seek Cool as Heat Wave Strikes
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

BUENOS AIRES (Reuters) - Argentines sought shade and tried to cool off in public fountains on Thursday as a heat wave hitting the country saw temperatures rise towards 40 degrees Celsius (104°F). "Everything is melting, everything is melting," said Diego Gatti, a 34-year-old merchant in Buenos Aires, adding that at least near the coast there was some access to water and a breeze. The South American country is home to some 45 million people and an important grains producer of soy, corn and wheat. "The heat spreads from the roof through the house, you just can't stay there. (Reporting by Miguel Lo Bianco and Horacio Soria; Writing by Adam Jourdan; Editing by Sandra Maler)

Persons: Diego Gatti, Sergio Pavon, Miguel Lo Bianco, Horacio Soria, Adam Jourdan, Sandra Maler Organizations: BUENOS AIRES, Reuters Locations: BUENOS, Buenos Aires

☆ 'This is not the tech bubble': A 41-year market veteran explains why US stocks are still cheap after surging to all-time highs — and names 4 investments that can lead markets even higher
▼ + stars: | 2024-01-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The S&P 500 rose for nine straight weeks, its longest winning streak since 2004, as optimism built about future interest rate cuts. Stoltzfus predicted that S&P 500 earnings will end 2024 between $240 and $250. "Just about everything that you buy costs more today than it cost in 2019, 2020, before 2021 when this started taking hold, except for stocks," Stoltzfus said. Another argument that's more widely discussed is that last year's gains were driven by a handful of large growth stocks. "Some, on a multiple basis, are considerably cheaper outside of Big Tech," Stoltzfus said.

Persons: John Stoltzfus, Stoltzfus, he's, It's, Ameriprise's Anthony Saglimbene, DWS Group's David Bianco, Goldman Sachs, Tesla, —, Oppenheimer, Stocks, that's, it's Organizations: Business, Oppenheimer Asset Management, University of Michigan, Stoltzfus, Apple, Microsoft, Netflix, Nvidia, Big Tech, Software, isn't, Facebook, Google Locations: industrials

☆ 'A lot of ifs and leaps of faith': 7 investment chiefs and strategists break down earnings trends in what may be a make-or-break Q4, and 3 sectors to watch
▼ + stars: | 2024-01-19 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Markets are closely monitoring Q4 earnings results, which began rolling out in mid-January, since they give much-needed clarity on the prior year while setting the tone for the year ahead. AdvertisementWhat to expect during the Q4 earnings seasonEarnings seasons often bring surprises, but there are also bankable bets. But we're going to be driven more by the macro, if we're excluding these mega-cap tech stocks." 3 sectors with boom-or-bust potentialWhile the strategists Business Insider spoke with didn't provide investing recommendations, several shared which sectors they're watching in Q4. Bianco believes the tech sector's earnings will rise over 20% this year.

Persons: —, Matt Stucky, Stucky, David Kelly, UBS Josh Jamner, That's, Jamner, Carol Schleif, Schleif, there's, Anthony Saglimbene, David Bianco, Saglimbene, Bianco, Brad Klapmeyer, Klapmeyer, " Bianco, Ameriprise's Saglimbene, BMO's Schleif, Indrani De, De, she's, he'd, that's Organizations: Service, Business, Northwestern Mutual Wealth Management, Asset Management, UBS, ClearBridge Investments, BMO Family Office, DWS, Macquarie Asset Management, FTSE Russell Locations: Americas

☆ Top money managers warn that 2024 earnings expectations are getting out of hand, even as Wall Street firms scramble to raise their S&P 500 targets
▼ + stars: | 2024-01-18 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Goldman Sachs"We expect price increases to be driven by modest earnings growth and well-supported price-to-earnings multiples," wrote Austin Pickle, a strategist at WFII, in a January 16 note. Stucky continued: "I've never seen a re-acceleration in earnings growth — which is what the baseline expectation is for earnings — absent some sort of economic recovery or an acceleration in economic growth. He noted that many factors influence profits, but added that his forward model suggests there's earnings risk ahead. Bianco said he expects flat or mid-single-digit earnings growth for stocks in most sectors. However, he said that during expansions, GDP growth is a poor predictor of earnings growth.

Persons: Goldman Sachs, Austin Pickle, Jonathan Golub, Golub, Matt Stucky, Stucky, I've, Brad Klapmeyer, He's, Klapmeyer, Anthony Saglimbene, —, Saglimbene, Saglimbene doesn't, David Bianco, Bianco Organizations: Business, Wells, Investment Institute, UBS, Federal Reserve, Northwestern Mutual Wealth Management, Macquarie Asset Management, DWS Group

☆ 10-year yield will rebound to 5.5%, predicts market forecaster Jim Bianco
▼ + stars: | 2023-11-30 | 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 Email10-year yield will rebound to 5.5%, predicts market forecaster Jim BiancoJim Bianco, Bianco Research president, joins 'Fast Money' to talk Treasury yields, his take on the possibility of a recession, what's ahead for the bond market and more.

Persons: Jim Bianco Jim Bianco Organizations: Bianco Research

☆ Former Trump Bedminster club worker files sexual harassment lawsuit, alleges she was pressured to sign NDA
▼ + stars: | 2023-11-30 | by ( Hannah Rabinowitz | Paula Reid | ) edition.cnn.com time to read: +4 min

According to the lawsuit, Habba “acted as if Ms. Bianco was her friend,” urging Bianco to fire her lawyer and offering to give Bianco advice. According to the lawsuit, Habba encouraged Bianco not to go public with her accusations and to instead sign a “simple” NDA. Bianco eventually signed the settlement that included the NDA and an undisclosed sum of money, according to the lawsuit. Shortly after the settlement was signed, according to the lawsuit, Habba began publicly representing Trump and stopped assisting Bianco. “Habba didn’t need to text heart emojis anymore, she had accomplished her goal of protecting Donald Trump and of silencing Ms. Bianco,” the lawsuit says.

Persons: CNN —, Alina Habba, Alice Bianco, Pavel Melichar . Bianco, Melichar, Bianco, Donald Trump’s, Habba –, Habba “, ”, Habba, “ Alina Habba, Ali Bianco, Nancy Erika Smith, Smith, “, Trump, ” Bianco, Alina wasn’t, Donald Trump, Holmes Lybrand Organizations: CNN, Trump National Golf Club, Trump, Bedminster, New, NDA Locations: Bedminster, New Jersey

[1/4] An illegal money changer checks old U.S. dollars at a marketplace in Harare, Zimbabwe, November 26, 2020. The government reintroduced the local currency in 2019, but it rapidly lost value. Zimbabwe's dollarization story is as full of warnings as it is with promise. During the five years before dollarization in 2000, the monthly measure of annualized inflation averaged 33% in Ecuador. "With our local currency we couldn't buy anything, it was very expensive to acquire things, so dollarization ... allowed people to have greater security in their purchases."

Persons: Javier Milei, Milei, Zimbabwe's, Bongiwe Mudau, Dollarization, dollarization, Mudau, Moses Mhlanga, Nestor Cerneaz, Wilson Andrade, Juan Carlos Villota, Guido Puig, Tito Correa, Nyasha, Miguel Lo Bianco, Rodrigo Campos, Adam Jourdan, Karin Strohecker, Rosalba O'Brien Organizations: REUTERS, Philimon, Rights, U.S ., Reuters, International Monetary Fund, hawker, Reuters Graphics Reuters, dollarization, Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights QUITO, HARARE, BUENOS AIRES, Zimbabwe's, Quito, Ecuador, Argentina, El Salvador, greenbacks, Buenos Aires, Argentine, New York

[1/2] People shop in a used clothing shop in Buenos Aires, Argentina May 14, 2019. Today prices are unthinkable," said Aylen Chiclana, a 22-year-old student in Buenos Aires. Beatriz Lauricio, a 62-year-old semi-retired teacher, said that she and her husband, a bus company employee, go on weekends to a clothing fair to sell old garments to make ends meet. "We simply can't buy new things. You can't buy new sneakers, you can't buy new flip-flops, you can't buy new jeans, you can't buy a shirt or a T-shirt either.

Persons: Agustin Marcarian, Javier Milei, Sergio Massa, Aylen Chiclana, Beatriz Lauricio, Lauricio, María Silvina Perasso, María Teresa Ortiz, Claudia Martini, Miguel Lo Bianco, Lucila Sigal, Adam Jourdan, Rod Nickel, Leslie Adler Organizations: REUTERS, Economy, Peronist, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Brazil, Tigre

[1/2] People shop in a used clothing shop in Buenos Aires, Argentina May 14, 2019. Today prices are unthinkable," said 22-year-old student Aylen Chiclana in Buenos Aires. Beatriz Lauricio, a 62-year-old semi-retired teacher, said that she and her husband, a bus company employee, go on weekends to a clothing fair to sell old garments to make ends meet. "We simply can't buy new things. You can't buy new sneakers, you can't buy new flip-flops, you can't buy new jeans, you can't buy a shirt or a T-shirt either.

Persons: Agustin Marcarian, Javier Milei, Sergio Massa, Aylen Chiclana, Beatriz Lauricio, We're, Lauricio, María Silvina Perasso, María Teresa Ortiz, Claudia Martini, Miguel Lo Bianco, Lucila Sigal, Adam Jourdan, Rod Nickel Organizations: REUTERS, Peronist, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Brazil, Tigre

☆ After Pandemic Rush, South Florida Office Market Sees Steady Demand
▼ + stars: | 2023-11-01 | by ( Lisa Napoli | ) www.nytimes.com time to read: 1 min

For years, Angelo Bianco, a Florida developer, drove past the enormous, wooded IBM corporate campus off Interstate 95 in Boca Raton, Fla., without paying it much heed. But his interest was piqued when a broker informed him that the property was for sale. IBM designed the secluded 550-acre site in the 1960s because it “didn’t want people in their secret development lab space,” Mr. Bianco said. It was there that its engineers produced the first personal computer, as well as the prototype for the first smartphone. A series of owners struggled to successfully recast it, selling off tracts and ultimately renaming it the Boca Raton Innovation Campus.

Persons: Angelo Bianco, Mr, Bianco Organizations: IBM, Boca Raton Innovation Locations: Florida, Boca Raton, Fla, Raleigh, N.C

☆ There's nothing stopping the 10-year Treasury from continuing to surge, market forecaster says
▼ + stars: | 2023-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

There's nothing stopping bond yields from continuing to rise, according to forecaster Jim Bianco. Bianco made the case that the Treasury yield curve looks on track to completely de-invert. AdvertisementAdvertisementThere's nothing stopping the 10-year Treasury yield from continuing to surge past 5%, as the yield curve looks poised to completely de-invert, according to market forecaster Jim Bianco. But rates actually haven't been restrictive enough to "hurt the economy," Bianco said, with a handful of indicators that point to still-robust economic activity. Long-term yields could also be pushed up as the US looks to issue more long-term Treasury notes, Bianco added.

Persons: Jim Bianco, Bianco, — Organizations: Service, Wall Street, Bianco Research, Treasury, CNBC, Atlanta Fed, Bank of Japan

☆ Hospital Blast Seen Likely Derailing Israel-Saudi Diplomatic Deal
▼ + stars: | 2023-10-18 | by ( ) www.wsj.com time to read: 1 min

Some political analysts say the Al-Ahli Arab hospital explosion likely derails any hoped-for diplomatic deal between Saudi Arabia and Israel. Cinzia Bianco, a researcher focusing on the Gulf at the European Council on Foreign Relations, said she expects a Saudi-Israel deal will be shelved for years. “Right now, it’s politically impossible,” she said. Despite emerging evidence that Israel wasn't responsible for the hospital blast, analysts say it is unlikely to change minds in the Arab world, which largely supports the Palestinians and is hostile to Israel.

Persons: Cinzia Bianco, ”, Israel wasn't Organizations: European Council, Foreign Relations Locations: Ahli, Saudi Arabia, Israel, Saudi

☆ Nobel economist Paul Krugman gets trolled for saying inflation is over if you just exclude most of what people buy
▼ + stars: | 2023-10-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Paul Krugman was mocked for declaring inflation is over based on a heavily adjusted measure. The Nobel economist shared a chart that excluded basics like food, energy, shelter, and used cars. His X post was still at the top of the popular Wall Street Bets subreddit on Friday morning. "A totally ridiculous measure," Jim Bianco, president and macro strategist of Bianco Research, said about Krugman's chart in an X post. Krugman, a retired MIT and Princeton economics professor, admitted to being too dismissive in a follow-up X post on Friday.

Persons: Paul Krugman, Krugman, —, Jim Bianco, Chris Martenson, Martenson, he'd, They've Organizations: Service, Index, New York Times, Bianco Research, Prosperity, MIT, Princeton, Federal Reserve

☆ The bond market is suffering from 'Old Testament capitulation' and still isn't near the end of its rout, market veteran says
▼ + stars: | 2023-10-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The bond market is suffering from "Old Testament capitulation," Jim Bianco told CNBC. Bond investors have been "getting their brains beat in, and they can't take it anymore." According to the president of Bianco Research, the bond market is in a secular bear market that has several more years to go, adding "I don't think we're near the end of this move in the bond market." "I think what you see in the bond market is a capitulation of good old fashioned — I like to say Old Testament capitulation right now," Bianco said. "Basically, most of the year, bond investors, bond managers been long, been trying to argue why we're going to have a recession, why there's going to be a rally.

Persons: Jim Bianco, —, " Bianco, they've, Bianco Organizations: CNBC, Bond, Service, Bianco Research, Fed

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