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☆ Wall Street is betting big on a soft landing for the economy
▼ + stars: | 2024-03-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Read previewRisk is back in fashion on Wall Street as investors shed their fears and become more adventurous with their cash. Wall Street is betting big on a soft landing, where the Fed succeeds in bringing inflation down without unemployment surging or a recession taking hold. Related storiesSimilarly, Goldman Sachs analysts said in a recent outlook that "risk appetite is poised to grow" this year as recession relief and rate cuts embolden investors. When the music stopsThe outlook for stocks and the economy might seem brighter, but it's worth being at least a little skeptical of the current enthusiasm. "Nobody seems to care about valuations, and now you have Wall Street strategists laying claim that we are in a brand new era," veteran economist David Rosenberg said in a recent note.

Persons: —, BII, Goldman Sachs, David Rosenberg, Jeremy Grantham, there's, Ed Yardeni Organizations: Service, Federal, Business, Investors, BlackRock Investment Institute, Nvidia, Grantham, Swissquote Bank Locations: BlackRock

☆ JPMorgan just shuffled its management. Here's what the new line-up says about Jamie Dimon's succession plans.
▼ + stars: | 2024-01-26 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

Lake, who co-led the consumer and community bank with Piepszak since 2021, will now have sole oversight of that segment. Piepszak and Rohrbaugh will take on day-to-day control of the corporate and investment bank, which Daniel Pinto has led since 2014. Jennifer Piepszak, a JPMorgan lifer, will leave the consumer side of the organization for her new role atop the commercial and investment bank. BIIIn her new role, Piepszak will have a chance to gain more experience on the wholesale side of the business. She joined the bank following her college graduation and spent 17 years in various finance roles across the investment bank.

Persons: Jamie Dimon, Jennifer Piepszak, Marianne Lake —, Dimon, Troy Rohrbaugh, Rohrbaugh, Daniel Pinto, Pinto, Dimon's, JPMorgan Pinto, Gordon Smith, Lake, Piepszak, JPMorgan.com Mary Callahan Erdoes, Erdoes, Morgan Stanley, James Gorman, Mike Mayo Organizations: JPMorgan Chase, Business, JPMorgan, Wall, First Locations: Piepszak, BII, Euromoney, Wells Fargo

☆ Anti-inflation fight may spur recession, investment opportunities -BlackRock
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, May 15 (Reuters) - Central bank efforts to tame inflation could spark a recession and market selloff that later this year or in 2024 leads to investment opportunities, the BlackRock Investment Institute (BII) said on Monday. Increased market volatility is likely ahead over talks in Washington to raise the U.S. government's $31.4 trillion borrowing cap. But the old playbook of buying the dip does not apply now, the institute said. Any selloff may cause risk assets to better price in the economic damage the institute expect from interest rate hikes. "We're ready to shift our views on a six- to 12-month horizon to take advantage of opportunities that may appear," it said.

☆ How Charlie Javice's Frank Sale to JP Morgan Wound up in Allegations of Fraud
▼ + stars: | 2023-01-21 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +21 min

Her financial aid startup, Frank, was featured in the New York Times, CNBC and Wall Street Journal. After leaving the University of Pennsylvania's Wharton business school, Javice traded on her reputation, bolstered by glowing profiles, as a successful entrepreneur. In a 2018 interview with Insider, Javice claimed Frank secured an average of $28,000 for its users, and was helping students get "thousands off their tuition." "Charlie's first company fizzled after 18 months, so after losing all her investors' money, she convinced every one of them to fund her next company, Frank." At Frank, Javice admitted she sometimes painted a more positive picture of the company's health than was supported by the facts.

☆ BLACKROCK: Here's how to survive a market that's underestimating the damage from a recession, and profit on the other side
▼ + stars: | 2022-12-02 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Stock market investors haven't priced in a recession yet, according to BlackRock. The firm says investors are too hopeful about future rate cuts and aren't ready for falling profits. The firm's playbook lays out a multi-asset strategy for before and after an expected recession. The other — based on BlackRock's view that a recession is coming — is how much "economic damage" is reflected in asset prices. "We find that earnings expectations don't yet price in even a mild recession," according to a recent report from the BlackRock Investment Institute.

☆ 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.

And for financial markets it begs the question as to whether the extent of the monetary or fiscal tightening currently assumed will ever actually happen. The OBR reckons UK consumer price inflation has now peaked and will back off to a full-year rate of 7.4% next year. But assuming standing market forecasts for energy prices and BoE rates, it then sees inflation fall below zero for eight quarters from the middle of 2024. The BoE also expects headline inflation to plummet into 2024 - and its 'fan chart' of the range of possible outcomes also has an outside chance of deflation then too. Delaying spending cuts until after an election won't help much in that regard if indeed they're seen necessary at all.

☆ Norfund, BII, Finnfund invest $200m in African forestry fund
▼ + stars: | 2022-10-19 | by ( Rachel Savage | ) www.reuters.com time to read: +2 min

JOHANNESBURG, Oct 19 (Reuters) - The Norwegian, British and Finnish development finance arms have put $200 million into an African forestry fund, the organisations said on Wednesday, as part of a plan to invest in sustainable tree businesses in the region. Norfund has put $76 million, British International Investment (BII) $75 million and Finnfund $48 million into the African Forestry Impact Platform (AFIP), a fund run by Sydney-based forest investor New Forests. Getting companies in these sectors to curb emissions is seen as crucial to limiting climate change. New Forests, which said in May it was being acquired jointly by the Japanese companies Mitsui and Nomura, said it plans to raise a further $300 million for the African forestry fund in the next two to three years to invest in other plantation owners and related companies. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rachel Savage; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Noua emisiune de eurobonduri a generat o cerere semnificativă din partea investitorilor instituționali internaționali, cu un registru de comenzi care a totalizat peste 1,5 miliarde USD chiar în perioada de bookbuilding. Ampla diversificare a cererii din partea investitorilor a fost dovedită prin participarea activă a unor administratori de active și fonduri de pe arena internațională. Emisiunea a primit conform așteptărilor rating „B” din partea Fitch Ratings și rating „B-” de la S&P Global Ratings. „Această nouă tranzacție instituie un nou reper în istoria tranzacțiilor Trans-Oil pe piața de capital, după tranzacția inițială din 2019. Mulțumim comunității internaționale de investitori pentru recunoașterea arătată performanțelor noastre consecvente și modelului nostru de afaceri consolidat.

Persons: Fitch, Jim Van Steenkiste Organizations: Banca, Banca Internațională de Investiții, Oil, Oil Group, Principal Group Locations: Europa continentală, SUA, Elveția, Orientul Mijlociu, Africa de Nord, Asia, Negre, and, Europei Centrale, Est, Europa, dunăreană

☆ Social Determinants of Health: Technology, examples and healthcare trends in 2021
▼ + stars: | 2021-04-16 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +9 min

Healthcare payers and providers are broadening the scope of health-influencing factors they address to include social determinants of health (SDOH). The following is a preview of one Digital Health report, the Social Determinants of Health Report. Hospitals and insurers use digital health to tackle nonclinical health factors. What are social determinants of health (SDOH)? Social determinants of health (SDOH) are non-medical, economic and environmental conditions that both directly and indirectly impact one's health, like access to transportation and nutritious food.

☆ The pros and cons of bank 'intrapreneurship' programs
▼ + stars: | 2017-11-10 | by ( Maria Terekhova | ) www.businessinsider.com time to read: +6 min

BI IntelligenceThis story was delivered to Insider Intelligence "Fintech Briefing" subscribers. Last month, BNP Paribas launched its Alpha program, and this week, Societe Generale followed suit with what it calls an "intrapreneurship" program. This inward-looking approach to innovation has both pros and cons for banks:It ensures innovation comes from within the organization. Here are some of the key takeaways from the report:A failure to consider operating culture is already hurting banks' innovation projects. A few banks managed to identify the problems posed by their operating culture early on, started to implement changes to combat it, and are already seeing positive results.

Persons: fintechs —, Sarah Kocianski, Banks, what's, BII Organizations: BNP, Alpha, Societe Generale, Insider Intelligence, Business, BI Intelligence, Citi, DBS, ING

☆ IoT Insurance: Trends in Home, Life & Auto Insurance Industries
▼ + stars: | 2016-12-20 | by ( Andrew Meola | ) www.businessinsider.com time to read: +7 min

Future insurance will look much different thanks to Internet of Things, which will touch home insurance, life insurance, auto insurance, and health insurance. There are already some auto insurance industry trends at play that demonstrate this change, and broader trends in the insurance industry are also making their presences felt. BIIIoT in Auto InsuranceMany auto insurance companies are starting to use the IoT, largely through connected cars, to track drivers' habits in real time. By offering this service, auto insurance companies can more accurately price their premiums and provide more savings for their customers. Similar to life insurance companies, health insurance companies are largely using wearable devices to keep track of their clients' health.

Persons: Vik, Forbes, that's, Progressive's, John Hancock Organizations: Affordable, Insurance, Home Insurance, IBM, BI Intelligence, Business, Life, Nike, Auto Insurance, Nielsen, Research, Health, Sutherland Global Services, Apple Watch, Farm, Intelligence Locations: U.S, Vik Renjen

☆ All three major mobile wallets have expanded their offerings
▼ + stars: | 2016-07-21 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +6 min

All three major phone-based mobile wallets announced expansions to their services this week. Evan Bakker, research analyst for BI Intelligence, Business Insider's premium research service, has compiled a detailed report on mobile payments that forecasts the growth of in-store mobile payments in the U.S., analyzes the performance of major mobile wallets like Apple Pay, Android Pay, and Samsung Pay, and addresses the barriers holding mobile payments back as well as the benefits that will propel adoption. Integrated loyalty programs and other add-on features will be key to mobile wallets taking off. Measures mobile wallet user engagement by forecasting mobile payments' share of their annual retail spending. Reviews the performance of major mobile wallets like Apple Pay and Samsung Pay.

Persons: 9to5 Mac, Evan Bakker Organizations: Intelligence, Apple Pay, Visa, Mastercard, Samsung, Samsung Gear, Apple Watch, First Community Bank, First Tech Federal Credit Union, BI Intelligence, Business Locations: France, Europe, U.S, China

☆ Loyalty and rewards programs are going out of style
▼ + stars: | 2016-05-25 | by ( Andrew Meola | ) www.businessinsider.com time to read: +4 min

Loyalty and rewards programs provide reasons for consumers to routinely shop at one retailer, but these programs are falling out of favor with one important group. The quality of customer service consumers experience through all channels (email, phone, etc.) 60% of US consumers have not completed an intended purchase based on a poor customer service experience. Lack of effective customer service on social media seems to be spilling over into users' willingness to interact with brands at all on the channel. Nearly half of all luxury consumers demand an apology, refund, or incentives following a poor customer service experience.

Persons: Collinson, — it's, Nancee Halpin Organizations: Microsoft, Insider Intelligence, Business

☆ This one problem could cost smart cities hundreds of billions of dollars
▼ + stars: | 2016-05-11 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +4 min

In the smart cities space, this issue could add hundreds of billions of dollars in costs to smart cities projects around the world, Machina Research predicted:Deploying IoT solutions without interoperability standards would add $341 billion in costs to smart city deployments worldwide by 2025, the report said. With such non-standardized solutions, global implementation costs for smart cities projects would be $1.12 trillion over that time period. Cost is already a major challenge for smart cities as projects, as municipalities are often squeezed by tight budgets. In this report we will also:Define the difference between connected vs smart cities. Identify key challenges for municipalities in developing smart cities and illustrate how some cities are already solving those obstacles.

Persons: Jonathan Camhi Organizations: Intelligence, Machine Research, Research, Business, BI Intelligence Locations: Barcelona

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