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☆ I was laid off from Lyft and it was a relief. Here's exactly how I used my severance to land somewhere better.
▼ + stars: | 2024-04-12 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

Here are the best ways I spent my severance package. Related storyI put $3,000 from the severance package directly toward the business for basic costs to get my idea off the ground. My severance package gave me the chance to attend conferences and events and make connections that guided my next career move. I also used severance funds to join professional organizations related to my new field, giving me networking opportunities and industry resources. My severance package became a pivotal resource not just to weather the immediate storm of my job loss, but for starting a new career narrative.

Persons: Li, —, Ziwei Li, It's, I'd, I've Organizations: Service, Wei, San Diego Zoo Locations: California, San Diego, LA, La Jolla

☆ Here’s where BlackRock sees investment opportunities as demographics shift and the population ages
▼ + stars: | 2024-04-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Aging population plays In developed markets with aging populations , health-care needs will rise, creating an investment opportunity in the sector, Li said. "The relative outperformance of the health-care sector is to be expected in the context of an aging population," Li said. It tracks the health-care sector of the S & P 500 . "An economy-wide, sustained productivity boom is very hard to achieve, especially in the context of the supply constraint coming from, among other things, demographic shortage, aging population," Li said. "If India is able to bring more people into the working population, especially women, that will significantly boost its growth trajectory," she said.

Persons: Wei Li, dwindles, BlackRock, Li, It's, it's Organizations: BlackRock, World Health Organization, United Nations, Healthcare, Bank Locations: BlackRock, Japan, U.S, Indonesia, Mexico, Saudi Arabia, South Africa, India, China

☆ Inflation will rebound first before ultimately falling as wages and global conflicts push prices higher, BlackRock's chief investment strategist warns
▼ + stars: | 2024-02-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Inflation is on a rollercoaster path downwards, BlackRock's chief investment strategist warned. Despite a recent decline, the asset manager thinks prices could rebound in 2025 before continuing lower in the longer term. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInflation could get worse over the next year before it gets better, according to BlackRock's chief investment strategist Wei Li. The world's largest asset manager has repeatedly warned that inflation will be on a rollercoaster ride, rather than fall in a straight line.

Persons: —, Wei Li, Li Organizations: Service, Business

☆ Here’s what you should know about adding emerging markets bond exposure to your portfolio
▼ + stars: | 2024-02-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

It may be time to consider adding emerging markets bonds to your fixed-income portfolio. His Vanguard Emerging Markets Bond Fund (VEGBX) is rated five stars by Morningstar. BlackRock also likes emerging markets, specifically external currency debt. Often issued in U.S. dollars, hard currency EM debt is also cushioned from EM currency weakness as EM central banks cut rates," she wrote. He suggests working with an advisor if you want to add EM bonds to your portfolio.

Persons: shying, Daniel Shaykevich, Morningstar, you'd, Shaykevich, Wei Li, Vanguard's Shaykevich, It's Organizations: Vanguard, Emerging Markets Bond Fund, BlackRock, U.S, BlackRock Investment Locations: Treasurys, America, Mexico, Brazil, Saudi Arabia

☆ Dollar oscillates on less dovish Fed comments; China inflation data awaited
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: +3 min

In this photo illustration, a person is seen holding 100, 50, and 5 US dollar bills in his hand. The U.S. dollar was trading in a tight range on Thursday as traders digested less dovish remarks from policymakers overnight and looked ahead to fresh economic data from the United States. Attention was also on inflation data out of China in the Asian morning amid concerns about deflation in the world's second-largest economy. Forecasts suggest mixed signals, with year-on-year consumer price deflation expected to have intensified in January but month-over-month prices up at the fastest pace in a year. The offshore Chinese yuan was down 0.11% to $7.2036 per dollar ahead of the data.

Persons: Susan Collins, Tony Sycamore, Sterling, Wei Liang Chang Organizations: U.S, Boston, Traders, IG, Bank of, DBS Locations: United States, China, Asia

☆ Dollar keeps tight ranges ahead of Fed, jobs data
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: +3 min

A Chinese 100 yuan banknote, a 1 U.S. dollar bill and a 50 euro banknote are lying on a table. The dollar was steady in the Asian morning, with market participants moving cautiously ahead of the two-day FOMC meeting that kicks off on Tuesday. "I suspect that the FOMC meeting will not be as dovish as current market pricing suggests," said Matt Simpson, senior market analyst at City Index. The data will give another indication of whether the world's largest economy remains strong after the Fed's aggressive hiking campaign. Sterling was last trading at $1.2716, holding firm ahead of the Bank of England's monetary policy meeting this week.

Persons: Jerome Powell, Matt Simpson, hasn't, Sterling, Wei Liang Chang Organizations: U.S . Department of Labor, U.S ., Central Bank, Bank, DBS, Fed Locations: U.S

☆ Wall Street is bullish on mortgage-backed securities for their juicy yields and attractive fundamentals
▼ + stars: | 2024-01-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

For investors looking for high-quality income with the potential for significant total return, agency mortgage-backed securities (MBS) may be the answer. Fitting MBS into your portfolio In fact, Atluri believes agency MBS are more attractive than investment-grade corporate right now. In addition, agency mortgage-backed securities also trade defensively if the economic outlook were to worsen, he added. About 25% of core bond fund holdings are in mortgage-backed securities, according to Morningstar. "Mortgage-backed securities didn't do as well [as investment grade] last year," said Wei Li, BlackRock's global chief investment strategist.

Persons: Fannie Mae, Freddie Mac, Ginnie Mae, Jason Smith, Neuberger Berman, Smith, Michael Kessler, Kessler, Pramod, Atluri, Morningstar, Wei Li, Albion's Kessler Organizations: Agency MBS, U.S ., MBS, Mortgage News, Albion Financial Group, Federal Reserve, Capital Group, Fund of America, BlackRock

☆ Consumer prices are cooling, but BlackRock bets on inflation-protected bonds for the long term. Here's why
▼ + stars: | 2024-01-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Inflation-protected bonds may be the last thing on investors' minds amid cooling prices, but BlackRock is betting on the securities for the longer term. Due to that, BlackRock named inflation-protected securities one of its top 2024 strategic calls for those with a time horizon of five to 10 years. "We see inflation going through a roller coaster over a longer term," Li said. Buying TIPS Investors can buy TIPS in five-year , 10-year and 30-year terms through the TreasuryDirect website . BlackRock, which has a traditional TIPS ETF, also recently launched a suite of defined maturity TIPS ETFs last fall.

Persons: Wei Li, Li, BlackRock, We've Organizations: BlackRock, Bank of America Securities, U.S . Bureau of Labor Statistics, Federal Locations: redemptions, U.S

[1/2] Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The sharp move lower suggested the Bank of Japan had intervened in the market to keep the yen from falling further. "It has all the hallmarks of intervention in all honesty," said Michael Brown, market analyst at Trader X in London. "The continued uptrend in UST-JGB encouraged the 150 to be breach in the wake of the better-than-expected JOLTS data. The dollar slipped 0.51% against the yen to 149.08 after hitting 150.165 on the JOLTS report.

Persons: Florence Lo, Michael Brown, Marc Chandler, Jeremy Stretch, JGB, Stretch, Shunichi Suzuki, Wei Liang Chang, Russia's rouble, Herbert Lash, Brigid Riley, Alun John, Joice Alves, Kevin Buckland, Marguerita Choy, Sharon Singleton Organizations: U.S, REUTERS, Bank of Japan, New York Federal Reserve, Trader, Bannockburn Global, CIBC Capital Markets, UST, Finance, DBS, Strong U.S, Federal Reserve, Reserve Bank of Australia's, Swiss, Thomson Locations: London, Bannockburn, New York, United States, Europe, Tokyo

☆ Dollar weakens against the yen after yen breaches key 150 level
▼ + stars: | 2023-10-03 | by ( ) www.cnbc.com time to read: +3 min

The Japanese yen has fallen about 25% year-to-date against the greenback. The sharp move lower suggested the Bank of Japan had intervened in the market to keep the yen from falling further. "The continued uptrend in UST-JGB encouraged the 150 to be breach in the wake of the better-than-expected JOLTS data. The dollar slipped 0.51% against the yen to 149.08 after hitting 150.165 on the JOLTS report. The dollar index, which tracks the unit against six peers, was up 0.13% at 107.16, at its highest since November.

Persons: Michael Brown, Marc Chandler, Jeremy Stretch, JGB, Stretch, Shunichi Suzuki, Wei Liang Chang, Russia's rouble Organizations: greenback, The, Bank of Japan, New York Federal Reserve, Trader, Bannockburn Global, U.S, CIBC Capital Markets, UST, Finance, DBS, Strong U.S, Federal Reserve, Reserve Bank of Australia's, Swiss Locations: London, Bannockburn, New York, United States, Europe

☆ China’s sitting on a goldmine of genetic data – and it doesn’t want to share
▼ + stars: | 2023-08-11 | by ( Jessie Yeung | ) edition.cnn.com time to read: +14 min

The national survey and restrictions on foreign access are part of new regulations on China’s genetic resources, which came into effect in July. The national genetic surveyBiobanking in China – meaning the collection of biological samples – is still “very fragmented,” and in an “embryonic stage,” said Zhang. But these concerns aren’t new – and the national genetic survey seems to be geared more toward scientific research than other purposes, several experts agreed. But China has another motive, too: establishing what some experts call “genomic sovereignty,” meaning full control of the genetic material within their country. While many other countries also have laws regulating the use and transfer of their population’s genetic material, few are as strict as China’s.

Persons: Guang Niu, ”, Joy Y, Zhang, you’re, Wei Liang, ICHPL, Anna Puglisi, Puglisi, States –, Katherine Wang, ” –, Wang, “, Sun, Xi Jinping, Jiankui, Anthony Wallace, ” Zhang Organizations: Hong Kong CNN, Central South University, Centre for Global Science, biosciences, Shanxi Province Reproductive Science, Communist Party, Georgetown’s Center for Security, Emerging Technology, Gray, Group, CNN, Ministry of Science, Technology, National Health Service, National Institutes of Health, NIH Locations: Hong Kong, China, Changsha, Shanxi Province, Taiyuan, States, “, Wuhan, Xinijang, Xinjiang, Beijing, AFP, Harvard

☆ We expect the US dollar to remain relatively strong as other major economies struggle: DBS
▼ + stars: | 2023-08-10 | 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 EmailWe expect the US dollar to remain relatively strong as other major economies struggle: DBSChang Wei Liang of DBS shares his expectations for the USD and the Federal Reserve.

Persons: Wei Liang Organizations: DBS, Federal Reserve

☆ Dollar deepens dive on inflation surprise
▼ + stars: | 2023-07-13 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

The euro made a fresh 15-month high of $1.1148 in Asia on Thursday and the yen touched its strongest since mid-May at 138.08 per dollar. U.S. core inflation came in at 0.2% in June against market expectations for 0.3%. Moves in other currencies were smaller but still delivered new milestones as traders reckon the dollar has further to drop. The Swiss franc hit its strongest since 2015 at 0.8655 to the dollar and sterling a 15-month top of $1.3019. Amongst the dollar selling, one outlier was perhaps the yen which has led gains.

Persons: Imre Speizer, Malaysia's, Pita Limjaroenrat, Steve Englander, Kazuo, Ueda, Chang Wei Liang, Tom Westbrook, Jamie Freed, Kim Coghill Organizations: month's, U.S, Westpac, New Zealand, Swiss, Standard Chartered, Bank of Japan, Fed, Central Bank, Thomson Locations: SINGAPORE, Asia, Scandinavia

☆ Like getting price tracking alerts from your online broker? Here's why you should be careful
▼ + stars: | 2023-06-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

You know all those price tracking alerts you can get from your broker that alert you to changes in price for your favorite stock, mutual fund or ETF, or that alerts you about 52-week highs or lows? The authors, Che-Wei Liu, Yanzhen Chen, Ming-Hui Wen, partnered with one of the largest retail mutual fund investment platforms in Taiwan, which provides a free price tracking alerts tool. Why did the group that utilized the price alerts underperform? Because the price alerts made traders cocky and because a lot of the traders were financially illiterate and didn't understand what they were doing. The SEC is worried too The SEC has expressed concerns over these digital trading platforms, including ones that provide price tracking alerts, which may be encouraging excessive trading.

Persons: Wei Liu, Yanzhen Chen, Ming, Hui Wen, Larry Swedroe Organizations: Strategic Wealth, SEC, Industry Regulatory Authority Locations: Taiwan

☆ 10 Things in Tech: Titan sub debris, tough questions at Microsoft, and kei trucks
▼ + stars: | 2023-06-23 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Scott Guthrie, Microsoft's executive VP of cloud and AI, oversees Azure and Microsoft 365 cloud software. Microsoft's cloud boss faces tough questions about pay and low morale, leaked messages show. Microsoft employees blasted the company's decision to pause pay raises and cut bonuses and stock awards ahead of a cloud meeting. Son told the company's annual shareholder meeting he believed his firm will be a winner in the AI race thanks to its investments. The tiny Japanese trucks are about 11 feet long and are typically limited to 25 miles an hour.

Persons: Nathan Rennolds, let's, Scott Guthrie, Stephen Lam, he'd, Satya Nadella, Kathleen Hogan, Dimitrios Kambouris, Twitter hasn't, Larry Ellison, Elon Musk's, David Tinson, Masayoshi Son, Son, Ziwei Li, Deb Liu, Elon, Mark Zuckerberg, Zuckerberg, Musk, it's, Read, Jack Sommers Organizations: US Navy, Microsoft, Twitter, Oracle, FIFA, Lyft, Getty, Meta Locations: London, Lyft, Japan

☆ I was laid off from Lyft and it left me shocked but relieved. I used my severance money to rebound quickly — here's how
▼ + stars: | 2023-06-22 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

Ziwei Li is a fomer Lyft employee and the founder and CEO of Wei Good Food. I had led the food delivery vertical within Lyft Delivery as strategic partnerships manager, and my role was eliminated when Lyft decided to shut down its delivery business. But while I loved my role and the relationships I'd built, I'd also experienced the monotony of corporate life. Getting laid off from Lyft was the instigator for starting my dream business — but tapping into my background and relationships is how I translated the opportunity into reality. This could include conducting thorough research on requirements, building a network within your desired industry, or starting small-scale operations.

Persons: Li, —, Ziwei Li, It's, Lyft, I'd, I've Organizations: Wei, Service, UCLA Locations: LA, Lyft

March saw six interest rate hikes across eight meetings by central banks overseeing the 10 most heavily traded currencies. This follows six interest rate hikes delivering 250 bps of uplift across six meetings by G10 central banks in February. "By clearly separating financial and price stability goals and tools, major central banks carried on with rate hikes through the tumult." However, the world's top central banks are openly contemplating an early end to their rate hikes, not least because of the recent financial turmoil. This compares with February, when 13 emerging central banks met and only four hiked by a total of 175 bps.

☆ VW pledges to double down on EVs in China, urges extension of NEV tax breaks
▼ + stars: | 2023-04-01 | by ( ) www.reuters.com time to read: +1 min

"The market is flush with new, highly competitive players but strong competition simply motivates us to constantly innovate and improve," Mecha said. He added that despite softer short term demand in China, the company is confident that there would be a recovery. In February, Chinese electrified vehicle maker BYD outsold the Volkswagen-branded cars to be the best-selling passenger car brand in the world's largest auto market for the second month in four. In September, China extended the tax exemption on such vehicles by a year to the end of 2023. ($1 = 0.9226 euros)Reporting by Zhang Yan, Hongwei Li, Brenda Goh; Editing by William Mallard and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ Markets are getting their Fed call wrong, and the central bank isn't poised to cut rates anytime soon, BlackRock says
▼ + stars: | 2023-03-28 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

Markets are wrong in thinking the Fed will cut interest rates this year, according to BlackRock. Rate cuts are unlikely while inflation is sticky and the Fed signals bank stress won't deter it from tightening. "The Fed and other central banks made clear banking troubles would not stop them from further tightening," said Li. This month, the European Central Bank, the Bank of England, and the Swiss National Bank all raised their respective rates by 0.5%. "That damage is now front and center – central banks are finally forced to confront it," said Li.

☆ Sentiment indicators have been at extremes, but investors don't seem in any hurry to take advantage of it
▼ + stars: | 2023-03-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Sentiment indicators have been at extremes, but investors don't seem in any hurry to take advantage of it. That is a good thing: sentiment indicators are mostly useful at extremes, and when sentiment gets this pessimistic it is usually associated with at least short-term market bottoms. This morning, for example, Lori Calvasina at RBC Capital Markets also pointed out that many sentiment indicators were at extremes. In theory, this is good news: she notes that when sentiment gets this bad, the S & P 500 is up 15% on average over the next 12 months. Other sentiment indicators are also at extremes.

☆ Analysis: Banking woes, Fed keep U.S. market investors on edge
▼ + stars: | 2023-03-25 | by ( David Randall | ) www.reuters.com time to read: +5 min

But investors are guarded, wary that another bank run could erupt if people believe U.S. or European regulators won't protect depositors. Uncertainty over the Fed's intentions is amplifying investors’ hesitation in stocks and sparking huge swings in U.S. government bond prices. The Fed raised rates by 25 basis points on Wednesday but indicated it was on the verge of pausing further increases. Risk assets have been somewhat resilient despite the concerns in the banking sector, said Jason England, global bonds portfolio manager at Janus Henderson Investors. England expects longer-duration bond yields to start to rise from current levels, making short-term bonds and money market funds more attractive.

☆ Warren Buffett, BlackRock and Goldman Sachs find energy stocks irresistible even as 2023 proves another turbulent year for markets
▼ + stars: | 2023-03-18 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +4 min

Energy stocks are emerging as a top favorite with Wall Street elites even as the recent string of bank failures spook markets. BlackRock and Goldman Sachs have also touted their preference for energy stocks. And one sector is emerging as quite the favorite with the likes of Berkshire Hathaway, BlackRock and Goldman Sachs - energy stocks. Goldman Sachs' chief US equity strategist David Kostin said last month it was time to turn to value stocks from sectors such as energy and healthcare. Economic uncertainty fueled by the banking turmoil has led to a jump in oil market volatility.

☆ US stocks will soon beat European peers again as hotter inflation means the region is heading into more aggressive rate hikes, BlackRock says
▼ + stars: | 2023-03-07 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

The S&P 500 this year has gained about 5% while German and French stocks are up in the 14% area. Good news on the economy means the European Central Bank (ECB) needs to hike rates more to cool inflation," wrote Wei Li, global chief investment strategist at BlackRock Investment Institute. "The ECB faces a stark trade-off between pushing up unemployment or living with persistent inflation," wrote Li. Market pricing indicates rates will peak around 3.9% compared with expectations of 3.2% in February, with fewer rate cuts expected next year. We're underweight European stocks but like the financial, energy, healthcare and consumer discretionary sectors," said Li.

☆ Indian rupee is unlikely to see sharp gains, says DBS Bank
▼ + stars: | 2023-01-31 | 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 EmailIndian rupee is unlikely to see sharp gains, says DBS BankChang Wei Liang of the Singapore bank that's because India's central bank will be looking to build up its foreign exchange reserves and the current account deficit is still "very large."

☆ BlackRock backs banks, cuts European, EM debt as part of "new playbook"
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: 1 min

LONDON, Nov 30 (Reuters) - Asset manager BlackRock has said 2023 will require a new investment playbook, backing banks and energy sectors to do well while slapping 'underweights' on longer-term European government bonds and emerging market local currency debt. The BlackRock Investment Institute (BII) said in its 2023 global outlook that while the case for investment credit has brightened and short-term government debt yields looked attractive, the pressures of higher interest rates would weigh on longer-term sovereign bonds. "The macro damage we expect for next year is yet to be fully reflected in market pricing" said Wei Li, global chief investment strategist at the BII. Reporting by Marc Jones and Davide Barcuscia, editing by Karin StroheckerOur Standards: The Thomson Reuters Trust Principles.

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