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CNN —An arms fair may contain all the trappings of war, but it is nothing like a battlefield. Nikita TeryoshinA shot of the reception at the 2016 MSPO expo, the biggest arms fair in Eastern Europe. “It was the only (arms fair I’d been to) where they were shooting real rockets over 20 kilometers (12 miles) maybe,” said Teroyshin. Fairgoers wait for a shuttle to a live demonstration site during the 2019 Army military expo held in Alabino, Russia. Forever.”) is paired with an image of three women in Islamic veils at an arms fair, one pretending to hold a rifle depicted in the poster in front of her.
Persons: , Nikita Teryoshin, , ” Teryoshin, Nikita Teryoshin “, Teryoshin, Majid, Teroyshin, Lockheed Martin, Nikita Teryoshin Teroyshin, , KAI, Nikita Teryoshin Saudi, Linda Åkerström, eyeshadow, Nikita Teryoshin Åkerström, ” Teroyshin, he’s, Åkerström, you’ll Organizations: CNN, Swedish Bofors, expos, Tiger, Kalashnikov, Lockheed, Manufacturing, ITT, Otis Defence, CTA, Elbit Systems, BAE Systems Locations: Russian, Swedish, Kielce, Poland, Lima , Peru, Belarus, France, Germany, South Korea, China, UAE, Peru, Russia, Vietnam, USA, South Africa, Lucknow, Uttar Pradesh, India, , DEFEXPO, Eastern Europe, Mali, Alabino, Abu Dhabi, Paris, Dortmund, Seoul, IDEX, Central, Western Europe, Saudi Arabia, Qatar, Australia, Ukraine
It's called a managed futures strategy. That's according to iM Global Partner, which has the largest exchange-traded fund — iMGP DBi Managed Futures Strategy ETF (DBMF) — that copies the strategy. Meanwhile, a managed futures strategy, with its short-term approach across stocks, bonds, commodities, and currencies, is generally uncorrelated to longer-term bond and stock market performance. From January to October 14, 2022, for example, the Credit Suisse Managed Futures Strategy (CSAIX) was up around 26%. iMGP DBi Managed Futures Strategy ETF (DBMF)January-October 14, 2022 returns: 33.9%2024 year-to-date returns: 13.1%Assets under management: $988 millionFirst Trust Managed Futures Strategy Fund (FMF)January-October 14, 2022 returns: 15.7%2024 year-to-date returns: 7.3%Assets under management: $144 millionKFA Mount Lucas Managed Futures Index Strategy ETF (KMLM)January-October 14, 2022 returns: 50%2024 year-to-date returns: 8.8%Assets under management: $284 millionSimplify Managed Futures Strategy ETF (CTA)
Persons: It's, , Andrew Beer, Seth Klarman's, Beer, we've Organizations: Global, Business, Treasury Bond ETF, Credit Suisse, Morningstar, Lucas Locations: DBMF, lockstep, VettaFi
These trend-following funds use futures contracts to track market momentum. The strategy type on average lost money in 2023, according to BarclayHedge. The trend-following strategy subset, which uses futures contracts to ride market momentum, lost money on average in 2023, according to BarclayHedge, but had a big month in February. The average CTA made 1.9% last month, the industry data provider notes, but several big-name managers blew that figure out of the water. AQR, run by billionaire Cliff Asness, made 7.9% in its $1.5 billion Managed Futures strategy, according to the firm's website.
Persons: Cliff Asness Organizations: CTA, Man, Business Locations: AQR, Connecticut
Chicago's Orange Line "L" train offers an inexpensive yet stunning city tour. The line starts at Midway Airport and goes past popular spots such as the Willis Tower. AdvertisementThough most locals use Chicago's Orange Line to commute to work or Chicago Midway Airport, I think it has so much more to offer visitors and residents alike. As part of Chicago's CTA public-transportation system, the "L" train, or elevated train, only costs $2.50 a ride. It's been 20 years since my first ride on the Orange Line, but a sense of pride and amazement still fills me every time I board the train.
Persons: Willis, Roosevelt, Organizations: Airport, Quincy, Service, Chicago Midway Airport, Chicago's CTA, Business Locations: Chicago's, It's
Advertising and marketing pros made up 7% of CES' attendees in 2023, per CES. Look for topics like the creator economy and the rise of artificial intelligence to dominate the conversation for advertisers, Kassan added. And Roku, which is closing in on its search for a new ad sales head, is sending a large contingent. The cost advertisers pay for streaming ads is expected to decline as platforms release more inventory, particularly with Amazon unleashing ads on Prime Video. Advertisers also have more options with the fast-growing FASTs (free, ad-supported streaming TV channels), which primarily offer older TV shows and movies.
Persons: David Benioff, Weiss, Alexander Woo, Amy Reinhard, execs, It's, who'll, Patrick Pannett, Michael Kassan, Evan Spiegel, Kassan, — that's, Rita Ferro, NBCUniversal's Mark Marshall, NBCU's Peacock, NBCUniversal, Peacock, NBCU, Tanner Elton, Amy McDevitt, Ludacris, Jon Steinlauf, GroupM Organizations: Netflix, CES, Business, Consumer Technology Association, Madison Avenue, Walmart, Disney, Nexstar Media Group, Nvidia, Paramount, CTA, Tech, NBC, Bravo, Amazon Ads, Warner Bros, Magna, CTV, Hulu, Intelligence, Prime Video Locations: Las Vegas, Peacock
The Coming Deluge for Small Business
  + stars: | 2023-11-20 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Journal Editorial Report:What was accomplished by applauding China's leader? Images: Zuma Press Composite: Mark KellySmall businesses are often hit hardest by regulation, and the latest federal dragnet is no exception. Under a statute aimed at reducing money laundering, millions of small businesses may soon be snared by onerous reporting requirements and fines for noncompliance. In 2021 Congress enacted the Corporate Transparency Act (CTA) in a broad effort to tighten money-laundering laws. The CTA assigns the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) with identifying shell companies used for illegal transactions and creating a registry of businesses with less than $5 million in annual sales and fewer than 20 employees.
Persons: China's, Mark Kelly Small Organizations: CTA, Treasury
CHICAGO (AP) — Federal safety officials investigating a Chicago commuter train crash that injured nearly 40 people when it slammed into snow-removal equipment are focusing on a “design problem” with its braking system. But that didn't happen, and it crashed into the snow-removal equipment. She said investigators cannot say yet whether other CTA trains might also have similar braking system issues, but she stressed that CTA’s system is safe. I have no safety concerns about taking the train,” Homendy said, noting that 43,000 Americans die in motor vehicle crashes each year. In Thursday's crash, the CTA train was heading south from Skokie when it rear-ended the snow-removal equipment on Chicago's North Side.
Persons: Jennifer Homendy, Homendy, , ” Homendy Organizations: CHICAGO, Transportation, Chicago Transit Authority, CTA, NTSB Locations: Chicago, Skokie
The chief executives of Nvidia (NVDA) and AMD (AMD) aren’t just two of the most powerful people in the global AI chip industry, they’re also family. “For almost half a century now, Taiwan’s economy has been centered on electronics production, chip assembly, chip manufacturing, chip design, everything semiconductors. According to Nvidia, Huang was born in 1963 in Taipei before moving to the southern city of Tainan. “I would say anyone who logs on the internet is likely touching not just one, but dozens and hundreds of Nvidia and AMD chips,” said Miller. I would say anyone who logs on the internet is likely touching not just one, but dozens and hundreds of Nvidia and AMD chips.
Persons: Taipei CNN — Jensen Huang, Lisa Su, they’re, Su, Jean Wu, Wu, Huang, ” Su, ” Wu, ” Christopher Miller, , it’s, there’s, Hwa Cheng, Edith Yeung, Miller, Robyn Beck, AMD’s, Florence Lo, , Christopher Miller Organizations: Taipei CNN, Nvidia, AMD, CNN, Consumer Technology Association, rockstar, Technology, Bloomberg, Getty, Race Capital, ASUS, Consumer, Massachusetts Institute of Technology, Oregon State University, Stanford University, McKinsey, Associated Press, CTA Locations: Hong Kong, Taipei, Taiwan, United States, China, Silicon Valley, Silicon, Tainan, Thailand, Washington, Kentucky, New York City, Las Vegas, AFP, Santa Clara , California
CNN —FC Barcelona President Joan Laporta is officially being investigated as a “suspect” in the ongoing alleged improper payment scandal, according to court documents obtained by CNN – the latest twist in a scandal overshadowing the club and Spanish soccer. The investigation relates to alleged improper payments made by Barça to José María Enríquez Negreira, a former leading refereeing official in Spain. CNN has reached out to FC Barcelona for comment from Laporta but has yet to hear back. Laporta began his second term as club president in 2021. “As such, the statute of limitations of the crimes referred to previously has not expired in respect to [Laporta], as well as those people who were members of the Board of Directors of FC Barcelona respectively during his leadership,” Wednesday’s court document read.
Persons: Joan Laporta, , Barça, Judge Joaquín Aguirre López, Enríquez Negreira, Javier, Aguirre López, , , Judge Aguirre López, Negreira, invoiced, Blaugrana, Xavi, Caso, Juan Manuel Serrano Arce, Laporta’s, Laporta, Pau Mosquera Organizations: CNN — FC Barcelona, CNN, Spanish, 1st, FC Barcelona, Mundo Deportivo, Caso, Prosecutors, CTA, Osasuna, Barcelona, Estadio El Locations: Spain, Barcelona, Spanish, Estadio El Sadar
Wall Street traders have taken on the biggest short position in US stocks on record. The extreme short positioning could ultimately fuel buying pressure for stocks if the bet is unwound. AdvertisementAdvertisementProfessional traders in one corner of Wall Street have taken on their biggest bet ever against US stocks, according to data from Goldman Sachs. The bank said in a Monday note that trend-following traders on Wall Street, also known as commodity trading advisers (CTAs), are short a record $47 billion of US stocks. This wouldn't be the first time the stock market has bottomed right around the same time trend-following CTAs were net bearish on stocks.
Persons: Goldman Sachs, , Cullen Morgan, Stephen Suttmeier, CTAs, Morgan Organizations: Service, Bank of America Locations: Wall, COVID
CNN —FC Barcelona and several of the soccer club’s current and former executives are officially being investigated as suspects for “the sustained crime of active bribery,” according to a court document obtained by CNN – the latest twist in an alleged improper payment scandal overshadowing Spanish soccer. The investigation relates to alleged improper payments made by Barcelona to José María Enríquez Negreira, a former leading refereeing official in Spain. The spokesperson declined to share more details about the search but said that no arrests are expected to be made. He added that in his opinion the payments “produced the desired effects on referees,” resulting in “consequent systemic corruption in … Spanish refereeing” affecting soccer in the country. CNN has reached out to Negreira via his company for comment but did not immediately receive a response.
Persons: , , Javier Soriano, invoiced, Negreira, ” Judge Joaquín Aguirre López, Aguirre López, , Barça, Caso, Xavi, Juan Manuel Serrano Arce, Javier Tebas, Los Blancos, CNN’s Matt Foster Organizations: CNN — FC Barcelona, CNN, Spain’s Civil Guard, Royal Spanish Football Federation, Guardia Civil, An FC Barcelona, Caso, Spanish, AFP, Getty, Prosecutors, CTA, 1st, La Liga, Barcelona, Osasuna, Civil Guard, Real, Real Madrid, UEFA Locations: Barcelona, Spain, Guardia, Spanish, Real Madrid
Gasoline prices usually rise ahead of the U.S. summer driving season. Money managers in the week to Aug. 1 boosted their net long holdings of NYMEX RBOB gasoline futures to the highest since late February 2022. HEDGE FUND-FUELED TURNAROUNDGasoline futures have risen around 14% this year, compared with a roughly 2% rise for U.S. crude futures . To guarantee a profit, they need the rise in gasoline prices to be sustained until hurricane activity is confirmed. But for gasoline to continue its rise against the price of crude oil, there needs to be a hurricane in the Gulf of Mexico, they said.
Persons: Liz Hampton, Tom Kloza, Vincent Elbhar, Eliot Geller, Brent Belote, Cayler, Belote, Arion, Nell Mackenzie, Laura Sanicola, Barbara Lewis Organizations: REUTERS, Liz Hampton LONDON, Gulf Coasts, Silicon Valley, Societe Generale, Reuters, Money, Futures Trading Commission, Reuters Graphics, El, Oil Price Information Service, CTA, Investment, Commodity, Fund, Aspect, CoreCommodity Management, CoreCommodity, Barclays, JP, Cayler, Thomson Locations: Loco Hills, New Mexico, U.S, Russia, Ukraine, Gulf of Mexico, United States, Gulf, Silicon, Gulf Coast, Mexico, Europe, Hurricanes, Washington
Hedge fund investors hunt credit, equity portfolios
  + stars: | 2023-08-04 | by ( ) www.reuters.com   time to read: +2 min
The bank's capital introduction team, which introduces hedge funds to money managers, interviewed in July 340 investors, with over $1 trillion invested in hedge funds. Credit hedge funds were up 2.9% between January and June. Second on the most-wanted list of global hedge fund strategies were equity long/short strategies, with a net 17% of investors planning to increase allocation. Equity long/short strategies were up 5.3% in the first half of the year, according to Goldman Sachs, underperforming the main stock indexes. A net 13% of investors planned to increase allocation, versus 27% in the first half of the year.
Persons: Rick Wilking, Goldman Sachs, Carolina Mandl, Frances Kerry Organizations: REUTERS, Carolina, Thomson Locations: Westminster , Colorado, New York
Taylor Swift is an unlikely public transit icon
  + stars: | 2023-06-22 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +5 min
New York CNN —Taylor Swift, public transit savior? Public transit systems across the United States are getting a much-needed, if temporary, boost from Taylor Swift fans flooding trains, buses and subways to her sold-out Eras Tour. As transit agencies scramble to recover from the pandemic, transit experts say all those Swifies taking mass transit offer lessons for policymakers on how to adapt to the post-pandemic world. Philadelphia’s SEPTA system and New Jersey Transit also got a boost from concertgoers taking mass transit to Swift shows. But public transit agencies still have yet to fully recover from the impact of the pandemic.
Persons: New York CNN — Taylor Swift, Taylor Swift, Taylor Swift’s, Swift, Raymond James, Matthew Dickens, Taylor, , Jim Aloisi, Aloisi, Yanfeng Ouyang Organizations: New, New York CNN, Chicago Transit Authority, CTA, Soldier, Metropolitan Atlanta Rapid Transit Authority, Mercedes, Benz, SEPTA, New Jersey Transit, Swift, American Public Transportation Association, Public, MIT, Transportation, University of Illinois Locations: New York, United States, New Jersey, Pittsburgh , Minneapolis, Denver, Seattle, Santa Clara, Los Angeles, Philadelphia, Massachusetts, University of Illinois Urbana, Champaign
In March, lessor Airborne confiscated four of Flair Airlines' planes because of late payments. A low-cost Canadian upstart airline had four of its planes repossessed by New York-based aircraft lessor Airborne Capital on March 11, forcing the carrier to cancel multiple flights and leaving a trail of disgruntled passengers behind. Flair Airlines CEO Stephen Jones blamed "behind the scenes" scheming between the airline's competitors and Airborne Capital for the repossession of four of Flair's Boeing 737 planes. It's not the first time Flair has clashed with other Canadian airlines. US investment firm 777 Partners owns a 25% stake in Flair Airlines, which was cause for concern for the CTA.
Persons: Stephen Jones, Flair, We've, Jones, — Flair, It's, , Tim Donovan, Donovan, Prince Edward Island Organizations: Airborne, Flair Airlines, Flair, Morning, Capital, Airborne Capital, Boeing, The Canadian Press, Air Canada, BOC Aviation, Financial, Ontario Superior Court of Justice, National Airlines Council of Canada, Canadian Transportation Agency, Partners, CTA, National Airlines Council, Easter, Airways Magazine, Bonza Airlines, Dominican Republic Locations: New York, North America, Canada, Titusville , New Brunswick, Toronto, Saint John , New Brunswick, Charlottetown, Ottawa, Montreal, Florida, Dominican
Point72 led multi-strategy hedge funds in April with a gain of 1.58%. Citadel was up 1.11% and leads peers year-to-date with a gain of 5.37%. Point72 had the best month among multi-strategy hedge funds, up 1.58% in April and 4.63% for the year. Citadel continues its hot streak with a 1.11% return in April and leads among peers year-to-date, up 5.37%. Fund April performance Year-to-date performance Point72 1.58% 4.63% Citadel 1.11% 5.37% D. E. Shaw (as of 4/21) 0.60% 1.90% Balyasny 0.82% 1.32% ExodusPoint (0.10) 0.80% Millennium Flat 0.50% Schonfeld 0.30% 0.20%April saw a reversal of sorts among hedge fund strategies.
Multi-strategy hedge funds had a mixed March after the Silicon Valley Bank collapse put markets on edge. The Citadel Wellington fund ended the month up 1.38%, while Steve Cohen's Point72 was up 1.33%. Equities was up 2.16% in March, bringing year-to-date performance to 4.56%. Its global fixed income fund returned 0.12% in March, bringing year-to-date performance to 1.77%. Hedge fund performance figures are still trickling out, but data and reports suggest that trend-following and macro funds were caught out after the banking crisis rocked markets.
WASHINGTON, March 28 (Reuters) - Tibet is dying a "slow death" under Chinese rule, the head of the India-based organization known as Tibet's government in-exile said on Tuesday in a first address to the U.S. Congress. The Sikyong role was created in 2012 after the Dalai Lama, Tibetans' 87-year-old spiritual leader, relinquished political authority in favor of an organization that could outlive him. China has ruled the remote western region of Tibet since 1951, after its military marched in and took control in what it calls a "peaceful liberation." Actor and long-time Tibet activist Richard Gere told the hearing that Chinese policies in Tibet increasingly "match the definition of crimes against humanity." Reporting by Michael Martina and David Brunnstrom; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
ORLANDO, Florida, March 22 (Reuters) - First the record wager on higher U.S. interest rates, now the record wipe out. Their record net short position in three-month Secured Overnight Financing Rate (SOFR) futures of 1.17 million contracts was slashed to 329,638 contracts in the week through March 14. chartchartExpectations of a 6% fed funds rate have long faded. In bonds and interest rates, yields and implied rates fall when prices rise, and move up when prices fall. The latest CFTC figures also revealed how the recent surge in volatility has put speculative accounts trading three-month SOFR futures out of the market.
Commodity trading advisers (CTAs) - funds that try to profit by buying or selling when there is a clear direction in markets - slumped 4.3% in the three days to Monday, according to analysis from UBS. "We have seen certainly on (last) Friday and Monday capitulation trades from hedge funds, so all hedge funds have been short duration positioned and we have heard a lot of desks needed to shut down their risk," said Kaspar Hense, a senior portfolio manager at BlueBay Asset Management. Hedge funds felt this "brutally" in Japanese markets, Hense said, where positioning from hedge funds and CTAs had been particularly "one sided" in anticipation of an end to the Bank of Japan's yield curve control policy. British macro hedge fund manager Crispin Odey's main fund posted a minus 4.7% February performance and is down 3% so far this year, said a note from his hedge fund to clients. Very few macro economic funds tracked by bank research seen by Reuters have reported March numbers.
I'm a creative director with a part-time gig as a user-generated-content, or UGC, creator. Between then and May 2016, I worked part time, lived at home, and built my UGC portfolio. I make my UGC ads feel naturalAlthough my UGC concepts are launched as ads, I make them feel like your friend posted it. As a UGC creator, you have to be aware of the latest social trends and nuances in marketing. What you choose to do after these gut punches is what separates the UGC creator who gave up after two weeks from the creator who makes four or five figures a month.
From committing to dollar-cost averaging to slimming down high-interest debt, these steps can help keep you on track. If you're unsure how to move to the next level with your money, check out these ideas to help you reach your new financial goals. Set yourself up for successSetting strong financial goals upfront can kickstart your journey to success. Create small habits that add upRecurring tasks and scheduled automations help ensure your finances keep working smoothly. Whittle away debt that's holding you backNot all debt is created equal, according to Empower financial professionals.
Sinem Günel is a writer who posts content on the online publishing platform Medium. Writers make money on Medium by earning a portion of the $5 monthly membership fee readers pay to access gated content. Of my projects at the time, writing on Medium was the task I enjoyed most. Use Medium as a lead-generation sourceAt the bottom of every Medium article, you're allowed to input a call to action, or a CTA. If readers like what you're writing, joining your email list will give them access to more of it.
Feb 16 (Reuters) - Spanish prosecutors are investigating around 1.4 million euros ($1.50 million) in payments soccer giants Barcelona had made over three years to a company owned by a high-ranking official of Spain's refereeing body, the club said, confirming an earlier media report. Spanish radio Cadena SER said on Wednesday that the soccer club made the payments between 2016 and 2018 to a company of Jose Maria Enríquez Negreira, who was at the time vice-president of a refereeing committee of the Spanish football association. It said the consultant also provided, in video format, reports about youth players from other Spanish clubs. According to Spanish media reports, prosecutors launched the probe in 2022 after a tax office inspection of a company owned by Enriquez Negreira, found no record or services provided to Barcelona in return for 1.4 million euros in payments. Cadena SER quoted Enriquez Negreira as saying that his advice was verbal and included players' interactions with referees and that he denied ever favouring Barcelona in any refereeing decisions or disputes.
Much buzz has been generated around ChatGPT, an artificial intelligence chatbot that's gone viral and reportedly reached 100 million monthly active users in January. Its popularity has sparked much interest in artificial intelligence tech . "You really have to consider the role that artificial intelligence is going to play … it's made this quantum leap almost, you know, overnight. For investors considering investing in AI, CNBC Pro has screened two ETFs for stocks: the $1.59 billion Global X Robotics & Artificial Intelligence ETF and the First Trust Nasdaq Artificial Intelligence & Robotics ETF, which tracks the Nasdaq CTA Artificial Intelligence and Robotics Index. Voice AI platform SoundHound also got a 100% buy rating, and analysts put its potential average upside at 31%.
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