Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "mavens"


24 mentions found


People are spending almost every dollar they have to keep up with rising prices and interest costs. They're cutting back wherever they can, paving the way for an economic slump, Stephanie Pomboy said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "They're spending every dollar they have, and then some, just to keep up with the basic necessities." This story is available exclusively to Business Insider subscribers.
Persons: Stephanie Pomboy, Organizations: Service, Business
He believes the stock market is rational — even when it doesn't appear to be. Related stories"The market is ruthlessly efficient, both long term and short term," Lundgren said. The strategist added: "The market doesn't care one iota about fundamentals in the short term. Like any market, stock exchanges determine prices based on what buyers and sellers will pay and sell for. Just because it's taking place in a mall doesn't make that mall an insane asylum."
Persons: , Tuesday's, Redditors, David Lundgren, Lundgren, who's, that's, It's, Benjamin Graham, Mark Minervini Organizations: Service, GameStop, Business, Street, MOTR Capital Management & Research, Little Harbor Advisors, AMC
Buying a home was a historic challenge last year because of sky-high listing values and the highest mortgage rates since the turn of the century. Heading into 2024, the consensus among real-estate mavens is that affordability will get substantially better, largely due to declining mortgage rates. In turn, mortgage rates are now headed in the wrong direction, steadily rising from 6.6% late last year to nearly 6.9% as of mid-April. AdvertisementHome prices are persistently high — especially in these 27 real-estate marketsAll else equal, higher borrowing costs should translate to lower property prices because of lower demand from buyers. Only a dozen real-estate markets fitting that description saw property prices fall by more than 1%.
Persons: , refinance, Point2 Organizations: Service, National Association of Realtors, Business, Federal Reserve, York Locations: Jersey City , New, New York, Rocky, California, Manhattan , New York
In 2023, the overall value of M&A transactions dipped globally to $2.9 trillion across 53,529 deals, down from $3.4 trillion across 57,830 transactions in 2022. Business Insider partnered with MergerLinks , a financial-data service that tracks deals, to present the fifth edition of "The Rainmakers," the 20 M&A bankers who orchestrated the largest deals in North America. MergerLinks tracks publicly announced deals and calculates deal values on a net basis, including both equity and debt pieces. This year’s list has a mix of returnees and first-timers and was dominated by energy bankers, including Goldman’s Sikhtian and Morgan Stanley’s Hoover. Nearly half of the bankers on this year's list worked on energy deals.
Persons: , Scott Sheffield, Goldman Sachs, Suhail Sikhtian, Morgan Stanley, Greg Weinberger, Aaron Hoover —, Patrick Ramsey, Claudio Sauer, Hess, Goldman’s Sikhtian, Morgan Stanley’s Hoover Organizations: Service, Pioneer Natural Resources, ExxonMobil, Sheffield, Pioneer, Exxon, Business, Centerview Partners, LSEG, MergerLinks, Chevron, Centerview, Health Partners, Pfizer, & $ Locations: Sheffield, Texas, North America
Households have been hit hard by rate hikes while Wall Street has thrived, economist Stephanie Pomboy says. Pomboy flagged a surge in consumer credit-card debt in November as proof of mounting pressure. AdvertisementAmerican households are bearing the brunt of higher interest rates, while financial firms are raking it in, according to economist Stephanie Pomboy. She cautioned in September that the Fed's rate hikes would ultimately have a "severe impact" on the economy, companies, and household credit. She also predicted that in the aftermath of the disaster, Americans would balk at racking up credit-card debt again as they did after the mid-2000s housing bubble burst.
Persons: Stephanie Pomboy, , didn't, Michael Burry, Bob Michele, JPMorgan's Organizations: Consumers, Service, Federal Reserve, Fed, ISI
Options strategists believe market gyrations may stay subdued for some time - potentially smoothing the way for further gains in equities. The S&P 500 is up 19% year-to-date, following a 9% gain in November - its best monthly performance since July 2022. Since the VIX tends to move inversely to stocks, market participants watch it closely as an indicator of investor sentiment and positioning. Among the factors closely watched by market participants are the funds that take their signals from market volatility, selling when volatility picks up and buying when it subsides. History also shows that once volatility expectations become subdued, they can linger at low levels for a while.
Persons: Lucas Jackson, Ilya Feygin, Nomura, Charlie McElligott, Brent Kochuba, Cantor Fitzgerald, Eric Johnston, Cantor Fitzgerald’s, Johnston, Saqib Iqbal Ahmed, Ira Iosebashvili, Grant McCool Organizations: New York Stock Exchange, REUTERS, Federal, Monday, WallachBeth, Nomura Securities, , Thomson
“I was in all the states,” Rosalynn Carter told the AP. At The Carter Center, she launched a fellowship for journalists to pursue better coverage of mental health issues. Years later, Rosalynn and Jimmy would quietly support integration — and call for it more vocally at Plains Baptist Church. Ruth Carter later engineered a date between her brother and Rosalynn during one of his trips home from the U.S. But the void would not begin to close until the former president conceived The Carter Center.
Persons: Rosalynn Carter, Jimmy Carter’s, , Kathy Cade, , Cade, ” Jimmy Carter, Jonathan Alter, Eleanor Roosevelt, Hillary Clinton, Rosalynn, ” Cade, Ronald Reagan, ” Rosalynn Carter, Reagan, ” Grandson Jason Carter, She “, Jason Carter, Carter, Eleanor Rosalynn Smith, Lillian Carter, “ Miss Lillian ”, Jimmy, Smith, James Earl Carter Sr, Jim Crow, Rosalynn’s, Alter, Ruth Carter, Earl Carter, ” Alter, Stu Eizenstat, Anwar Sadat, Israel’s Menachem Begin, ” Miss Lillian, Pat Caddell, They’ve, ” Jason Carter, Joe Biden, Jill Biden, Mrs, Paige Alexander Organizations: Washington, Georgia Democrat, The Carter, Carter Center, Associated Press, White, AP, East Wing, Mental Health Systems, Kennedy Center, Plains Baptist, Smiths, U.S . Naval Academy, Navy, Plains Methodist Church, Georgia Southwestern College, Naval, , Brigade, Democratic, Wing, White House, Camp David, Carter, ” Carter Locations: Ga, Georgia, Iran, Plains, Plains Baptist Church, Washington, Iowa, Spanish, America, Cambodian, U.S, COVID, Panama, Atlanta, Guinea
NEW YORK, Nov 8 (Reuters) - Fear has plunged in the U.S. equity market following last week's explosive rally, and some options mavens are urging clients to stock up on portfolio protection while it's cheap. Meanwhile, the Cboe Volatility Index (.VIX), known as Wall Street's fear gauge, has tumbled to its lowest level in seven weeks. They recommended taking advantage of the drop in volatility to deploy stock replacement trades, which involve swapping long stock positions for cheap call options that would reap gains if the market continued to rally. Investors' equity positioning fell to a five-month low before last week's rally, Deutsche Bank data showed. With investors less exposed to stocks, "they don't necessarily need to be rushing to get hedges now," Murphy said.
Persons: Matthew Tym, Cantor Fitzgerald, Cantor's Tym, Chris Murphy, Murphy, Saqib Iqbal Ahmed, Ira Iosebashvili, Andrea Ricci Organizations: Federal, Reuters Graphics, Barclays, Treasury, Susquehanna Financial Group, Deutsche Bank, Thomson Locations: U.S, Santa
Yahoo FinanceHowever, six leading fixed income investors are confident that the pain won't last much longer. Michele continued: "I've been doing this since 1981, so I've seen a decade of double-digit bond yields with disinflation. Alex Petrone, the director of fixed income at Rockefeller Asset Management, agreed that it's too soon to write off a recession. Nailing timing helps maximize returns, though fixed income experts said that's difficult because the Fed's policy decisions are unpredictable. Buying Treasuries and municipal coupons on both the long and short ends of the curve are how she recommends playing fixed income.
Persons: Jonathan Mondillo, you've, Bob Michele, Michele, I've, we'll, Federal Reserve —, Robert Robis, Robis, Alex Petrone, it's, Petrone, Mary Daly, David Schiffman, Roger Aliaga, Diaz, Aliaga, Mondillo, Schiffman Organizations: Yahoo Finance, JPMorgan Asset Management, isn't, Federal Reserve, BCA Research, Rockefeller Asset Management, Fed, San Francisco Fed, Aquila Investment Management, Vanguard's Investment, Investment Locations: Scotland, bottoming, Abrdn, Aquila, Treasuries, CCC
Insider Today: Market's crash landing
  + stars: | 2023-10-09 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The core question it presents is whether personal AI devices could have the same impact that the iPhone had on the tech industry. Meta's Responsible AI team shrank amid layoffs and restructuring. Yet the team tasked with ensuring that new AI tech was "fair and inclusive" is half the size it was in 2021. Yet the team tasked with ensuring that new AI tech was "fair and inclusive" is half the size it was in 2021.
Persons: , Benjamin Netanyahu, Insider's Matthew Fox, Mohamed El, Matthew, Jerome Powell, hasn't, mavens, Izzy Englander, Citadel's Ken Griffin, Point72, Steve Cohen, Phil McCarten, Dave Kotinsky, Shaw, Victor Virgile, Arantza Pena Popo, Bella Hadid, John Lennon, Ben Shelton, Sharon Osbourne, William Hanson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Hamas, Saturday, Israeli, Citadel, federal, Tech, Peoples, Indian Heritage Locations: Israel, D.E, Cupertino, China, South Dakota, Oklahoma, Hawaii, Alabama, Dakota, Los Angeles, New York City, San Diego, London, New York
Economist Stephanie Pomboy has warned of the economic risks signaled by rising corporate bankruptcies in the US. First-half US corporate bankruptcies surged to the highest level since 2010, per S&P data. "It's really something, listening to johnny-come-latelys parroting my talking points on corporate bankruptcies (which none of them saw coming 6 mo's ago). If they did, they'd be calling for a fiscal & monetary response that makes 2008-9 look like peanuts," Pomboy wrote. This is not the first time Pomboy has raised concerns of looming economic and market risks in 2023.
Persons: Stephanie Pomboy, Mavens, they'd, Pomboy Organizations: Service, P Global Market Intelligence, Valley, Bed, Lordstown Motors, Mediamath Holdings, Federal Reserve Locations: Wall, Silicon
Pop, like all genres of creative expression, is more commercialized than ever. Rihanna, who hasn’t released an album since 2016, has her multibillion-dollar Fenty Beauty line; Ariana Grande will soon star as Glinda in Universal’s “Wicked” juggernaut. Service95 represents who Lipa is “behind closed doors,” she says, a space where discussions around trans liberation are as common as those about jewelry and yoga. “My intention is never to be political … but there’s a political bent to my existence,” Lipa says. “I’ve found being in the media this way very encouraging.”
Persons: Britney Spears, Whitney Houston, Amy Winehouse, , Lipa, don’t, Rihanna, hasn’t, Ariana Grande, , , Sinéad Burke —, she’s, ” Lipa, Tavi Gevinson, , Drew Barrymore, Kelly Clarkson, Gwyneth Paltrow, Lipa won’t, Oprah, Reese Witherspoon, Tracy Flick, “ I’ve Organizations: , Locations: Lipa, London, ” Lipa, Tokyo, Lipa’s,
Higher prices and interest rates are pressuring consumers and companies, Stephanie Pomboy says. Meanwhile, businesses are suffering a "migraine" in the form of higher debt costs, the Macro Mavens founder and president said. She pointed to the pressure on consumer spending, the limited supply of labor, and striking workers raising companies' costs by driving up wages and securing settlements. Inflation surged to a 40-year high of 9.1% last summer, spurring the Federal Reserve to hike interest rates from nearly zero to north of 5.25% today — a 22-year high. Higher rates can ease upward pressure on prices by encouraging saving over spending, hiring, and investing.
Persons: Stephanie Pomboy, Robert Heller, Pomboy, Paul Krugman, aren't, Heller Organizations: Fed, Service, Fox Business, Federal Reserve, Federal Locations: Wall, Silicon, Pomboy
Here's which entertainment companies will outperform, according to analysts and industry insiders. Four industry veterans Insider spoke with unanimously agreed that unless the strikes are resolved soon, the movie industry's much-needed revival will fizzle out. In a mid-July note about the movie industry, Reese and Pachter highlighted three theater-related companies that are best positioned to survive in this difficult environment. FuboTV should be a winner since it's a solid alternative for cord cutters who still need news and sports coverage, which aren't impacted by the strikes, Pachter noted. Netflix is perhaps the most fascinating company in the media industry right now.
Persons: Barbie, Oppenheimer, Paul Dergarabedian, Alicia Reese, David A, Gross, Strikes, Reese, Michael Pachter, Dergarabedian, Pachter, Richard Gelfond, JPMorgan's David Karnovsky, Wedbush's Pachter, aren't, it's Organizations: Hollywood, Wedbush Securities, Entertainment Research, Alliance, Television Producers, Consumers, Netflix Locations: Hollywood, creatives
Among the various reassessments of Kevin McCarthy following his successful debt ceiling negotiations, the one with the widest implications belongs to Matthew Continetti, who writes in The Washington Free Beacon that “McCarthy’s superpower is his desire to be speaker. He likes and wants his job.”If you hadn’t followed American politics across the last few decades, this would seem like a peculiar statement: What kind of House speaker wouldn’t want the job? But part of what’s gone wrong with American institutions lately is the failure of important figures to regard their positions as ends unto themselves. On the Republican side, this tendency has taken several forms, from Newt Gingrich’s yearning to be a Great Man of History, to Ted Cruz’s ambitious grandstanding in the Obama years, to the emergence of Trump-era performance artists like Marjorie Taylor Greene. And the party’s congressional institutionalists, from dealmakers like John Boehner to policy mavens like Paul Ryan, have often been miserable-seeming prisoners of the talking heads, celebrity brands and would-be presidents.
Persons: Kevin McCarthy, Matthew Continetti, hadn’t, wouldn’t, what’s, Yuval Levin, , Newt Gingrich’s, Ted Cruz’s, Obama, Marjorie Taylor Greene, John Boehner, Paul Ryan Organizations: Washington Free, American Enterprise Institute, Republican, Trump Locations: Washington
About 40% of Smart's clients are in the financial services industry, which is keenly aware of the importance of attracting and maintaining talent. But not all financial services companies are getting it right, Smart said. While he directed his advice to financial services companies, his tips are broad-based and could be used by hiring managers in many different industries. Smart said most leaders recognize the importance of hiring and talent decisions but aren't dedicating enough time to it. "Five percent of your time as a senior leader in financial services is not enough," he said.
While the S&P 500 index (.SPX) has advanced 6% since mid-March, when the failure of Silicon Valley Bank (SVB) sparked tumult in the banking sector, investors have been more wary of financial stocks. The S&P 500 Banks Group (.SPXBK) is up just 3% from its March low and remains down 14% for the year. The pervasive gloom around financial stocks has increased the cost for investors betting on more downside while making it relatively inexpensive to bet on a rebound. For investors who believe financial earnings and guidance will come in better than expected, Elevation Securities recommended buying Financial Select Sector SPDR Fund (XLF.P) call options at the 33 strike. "Given how beaten up bank stocks are, buying calls into earnings can make sense," said Michael Purves, chief executive officer at Tallbacken Capital Advisors.
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.
Equity markets are likely to decline sharply within 60 days, said market guru Larry McDonald. That's because, as credit risk is rising, investors continue to focus on markets fads like AI. The Nasdaq, which has outperformed the S&P 500 and Dow Jones Industrial Average this year, is ignoring this credit risk, McDonald added. A similar pattern has played out before, with stock investors failing to assess risks as early as other investors do, he said. In recent days, others have also warned of a stock market crash.
Stephanie Pomboy expects US stocks to plunge 30% and a broad economic downturn to take hold. Consumers, businesses, and real estate developers are being hit by soaring interest rates, she said. The stock market could plunge 30%, and the current pressure on banks could spread to commercial real estate, corporate credit, municipal bonds, and other markets, Pomboy said. The upshot is that consumers are struggling to afford their car loans and credit cards, and many companies and real estate developers are feeling the squeeze, she continued. Here's what he said about the outlook for stocks and house prices, and the threat of a recession.
Intrepid bankers will find Boutique Blvd jam-packed
  + stars: | 2022-12-19 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +3 min
The situation complicates things for rainmakers considering their next steps in a weaker environment for mergers and acquisitions. Making the well-trod move from Wall Street to Boutique Boulevard will be much harder in 2023. The entrepreneurial spirit often hits investment bankers when times get tough, and their mega-bank employers start cutting staff or restricting access to the balance sheet. It's easy to see how the likes of Blair Effron’s Centerview, Robey Warshaw and Ken Moelis’ eponymous firm established themselves. Absent those kinds of industry-specific or geographic relationships, idle investment bankers may find themselves just spending more time with their families.
In August, we spent a day driving around with Mr. Cook and his Tesla to assess the progress of this experimental technology. Tesla is driving But watch as the Tesla struggles to make sense of its environment, veering from the road into a motel parking lot. The experiences of beta testers like Mr. Cook are a window into the enormously ambitious and expensive bet that Tesla is making on self-driving technology. Guided by Tesla’s self-driving technology, the car drove along the river and over a bridge before reaching an intersection lined with trees. These companies are now preparing self-driving car services that will operate without backup drivers in places like San Francisco and Austin, Texas.
NEW YORK, Nov 8 (Reuters) - An unexpected result in Tuesday’s U.S. midterm election could roil markets positioned for relative calm, options strategists said. Control of the U.S. Congress is at stake in Tuesday's midterms, with Republicans favored by polls and betting markets to win control of the House of Representatives and possibly the Senate. At the individual stock level, certain names have the potential for higher election-related volatility, strategists at Goldman Sachs said in a note earlier this month. Meanwhile, shares of tobacco company Philip Morris International Inc (PM.N) could be volatile around regulatory restrictions, Goldman’s analysts wrote. Reporting by Saqib Iqbal Ahmed in New York Editing by Ira Iosebashvili and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Around 11% of the roughly 10,000 students who apply to Harvard Business School get in each year. Those are intimidating odds for the roughly 10,000 students who apply to Harvard Business School each year. "At the risk of sounding overly dramatic, the essays are the windows into your soul," said Patrick Mullane, the executive director of Harvard Business School Online and an HBS graduate. She added to these credentials by working for two years on Wall Street as a precursor to her business school application. "As with most successes in life, luck weighs heavily on why anyone is admitted to Harvard Business School, which should keep us all very grounded and humble," she added.
Total: 24