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☆ UBS: The Fed will implement its first rate cut in September
▼ + stars: | 2024-04-19 | 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 EmailUBS: The Fed will implement its first rate cut in SeptemberBrian Rose, UBS Global Wealth Management senior U.S. economist, and CNBC's Steve Liesman join 'The Exchange' to discuss the outlook for potential rate cuts, economic data, and more.

Persons: Brian Rose, Steve Liesman Organizations: UBS, UBS Global Wealth Management

☆ Here’s what would happen to the US economy if there are no rate cuts this year
▼ + stars: | 2024-04-16 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

That’s why Fed Chair Powell conveyed on Tuesday the central bank won’t be cutting interest rates any time soon. How would the US economy handle more months of painstakingly high interest rates? Investors are banking on cutsWhen Fed officials initially penciled in three rate cuts at the end of last year, markets hit new highs. But the longer the Fed leaves interest rates higher means more pain could be inflicted on households and businesses, said Goldstein. But not everyone thinks cracks in the economy will widen if the Fed doesn’t cut rates this year.

Persons: Powell, ” Powell, paring, Itay Goldstein, Tesla, Goldstein, ”, Brian Rose, David Mericle, Goldman Sachs Organizations: New, New York CNN — Federal Reserve, Bank of Canada, Tiff, Investors, Dow, Nasdaq, University of Pennsylvania’s Wharton School of Business, CNN, Fed, Treasury, UBS Global Wealth Management Locations: New York

☆ Buy these 33 top-rated stocks to build a diversified, downturn-resistant portfolio in 2024, according to UBS
▼ + stars: | 2023-11-21 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Economic growth should persist in 2024, albeit at a weaker pace, according to top strategists at UBS Global Wealth Management (GWM). "We do see the savings rate — the recent savings rate — as unsustainably low, and we expect it to rise over time," said Brian Rose, a senior economist and investment strategist at UBS GWM, during the webinar. "And really, the base of the economy depends very heavily on what happens to the savings rate." Rose continued: "If the savings rate just gradually drifts higher over time, then we can have a soft landing. 33 top stocks across sectorsWhile UBS is constructive about 2024, its strategists think investors should prepare for anything.

Persons: Solita Marcelli, Brian Rose, Rose, there's, Marcelli, Daniel Scansaroli, Nicolas Le Roux, Le Roux, financials Organizations: UBS Global Wealth Management, UBS, Business, US, UBS GWM, Federal Reserve, UBS GWM's, Companies Locations: Americas, Ukraine, Israel, Europe, China, Japan, Australia

[1/5] A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A benign U.S. inflation report is bolstering hopes that the Federal Reserve can bring down consumer prices without hurting the economy, a so-called Goldilocks environment that investors believe will benefit stocks and bonds. This does feel like a Goldilocks moment for the entire market.”The data fueled a powerful rally in stocks and bonds. The S&P 500 (.SPX) was up about 2% on the day, on track for its biggest one-day rise since January. Still, some investors believed it was too early to call a victory in the fight against inflation.

Persons: Brendan McDermid, Eric Kuby, bearish, “, Daniel Kirsch, Piper Sandler, Thomas Hayes, ”, Brian Rose, Jamie Cox, Lewis Krauskopf, Saqib Iqbal Ahmed, Davide Barbuscia, Ankika Biswas, Ira Iosebashvili, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal Reserve, North Star Investment Management Corp, Thomson Reuters, BofA's Global, Fed, Fund, UBS Global Wealth Management, Harris Financial, Thomson Locations: New York City, U.S, Thomson Reuters United States, New York, Bengaluru

☆ 'The vast bulk of companies are in big trouble': A renowned bear who called the dot-com bubble warns a recession is still on the way as bankruptcies rise — threatening to sink even the mega-cap stocks
▼ + stars: | 2023-09-02 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

While big firms have survived high rates, Edwards said a recession would eventually hurt them too. Here are the effective interest rates for a few cohorts of the S&P 1500. The Federal Reserve's Senior Loan Officer Opinion Survey shows 49% of banks are tightening lending standards for small companies. They weren't able to lock into long-term loans at almost zero interest rates and pile it high in the money markets at variable rates," Edwards said. "In our view, the current savings rate is unsustainably low, and the main downside risk to growth is that the savings rate will suddenly move higher."

Persons: Societe Generale's Albert Edwards, Edwards, haven't, Louis, that's, we'll, Brian Rose, Rose, Piper Sandler, it's Organizations: Societe Generale's, Societe Generale, American Bankruptcy Institute, Generale, Federal, Federal Reserve Bank of St, Institute, Supply Management's, UBS Americas, UBS Companies

☆ Dollar bears bide their time as US economic strength persists
▼ + stars: | 2023-06-05 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Fund managers in the latest BofA Global Research survey named shorting the dollar as the market's third "most crowded" trade. The dollar is "in a very messy transition from bull market to a bear market," said Aaron Hurd, senior portfolio manager, currency, at State Street Global Advisors. Hurd expects the dollar to remain buoyant over the very short term, but decline steadily over the next few years. Most investors believe the dollar will likely remain elevated until U.S. data turns decidedly weaker, allowing the Fed to cut rates. "The dollar strength is entirely related to the fact that U.S. data is actually pretty good," said Alvise Marino, a strategist at Credit Suisse.

Persons: Aaron Hurd, Hurd, Alvise Marino, Bipan Rai, Christine Lagarde, Brian Rose, Saqib Iqbal Ahmed, Ira Iosebashvili, Leslie Adler Organizations: YORK, Futures Trading Commission, Fund, Research, Street Global Advisors, Bears, Federal Reserve, Fed, Traders, Credit Suisse, Reuters, U.S . Treasury, CIBC, UBS Global Wealth Management, European Central Bank, ECB, Thomson Locations: U.S, North America, Europe

☆ Çanakkale: Where ancient Troy sits beside the modern city
▼ + stars: | 2023-05-10 | by ( Nick Hilden | ) edition.cnn.com time to read: +9 min

CNN —An enormous wooden horse presides over the marina in Çanakkale, a small port city southwest of Istanbul. The clapboard animal is a mock-up of the Trojan Horse of mythological fame. Çanakkale (pronounced cha-na-call-ay) stands adjacent to the archaeological site that was once the ancient city of Troy, best known as the setting of the Trojan War in Homer’s “Iliad.”A giant wooden horse watches over Çanakkale. Today when you visit Truva – either via car or a short bus ride from Çanakkale – a second model of the Trojan Horse looms at the entrance. “We know that there were many wars that occurred at Troy,” Rose explains.

March 21 (Reuters) - The U.S. International Trade Commission said on Tuesday it would ban imports of SharkNinja Operating LLC robot vacuums that infringe a patent owned by Roomba maker iRobot Corp (IRBT.O). The full commission upheld part of a trade judge's October decision that SharkNinja violated two of its rival's patents, affirming that SharkNinja's devices mimicked iRobot navigation technology. Bedford, Massachusetts-based iRobot filed the ITC complaint in 2021 along with a lawsuit against SharkNinja in Boston federal court. Another patent lawsuit iRobot brought against SharkNinja in 2019 has also been paused during related proceedings at the U.S. Patent and Trademark Office. The ITC case is In the Matter of Certain Robotic Floor Cleaning Devices and Components Thereof, U.S. International Trade Commission, No.

☆ Bankrupt crypto lender Genesis optimistic it can resolve creditor disputes
▼ + stars: | 2023-01-23 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

Sean O'Neal, the lawyer, spoke at a hearing in Manhattan bankruptcy court to consider "first-day" motions for Genesis Global Capital, the crypto lending business owned by Barry Silbert's venture capital firm Digital Currency Group. The filing followed the bankruptcies since last July of crypto lenders BlockFi, Celsius Network and Voyager Digital. Brian Rosen, a lawyer for creditors holding $1.5 billion of claims, said "we are getting closer" to an accord. On Jan. 12, the U.S. Securities and Exchange Commission charged Genesis and Gemini with illegally selling unregistered securities through their Gemini Earn lending product. Cameron Winklevoss has also called for Silbert's removal as DCG chief, and threatened litigation against DCG if Genesis' bankruptcy did not result in " a fair offer to creditors."

☆ How the founders of hot cannabis-beverage startup Cann quietly raised millions from big-name investors amid the industry's downturn
▼ + stars: | 2022-10-04 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +7 min

Cann's cofounders shared their vision for competing with the biggest alcohol brands. Cann is InvestBev's first foray into cannabis beverages, Brian Rosen, an InvestBev partner, told Insider in an interview. He said his firm was looking to make an investment in cannabis beverages, and Cann stood out to him. The future of cannabis beverages will be challenging, founders sayTo be sure, cannabis beverages face challenges. Big alcohol brands have made their own bets on cannabis beverages, without much to show so far.

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