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☆ Stock market heads into the week ahead at a record, but with some uneasiness underneath the surface
▼ + stars: | 2024-06-08 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 made a new record high, its 25 th of the year. And on the surface, there is a stolid calm that suggests a system in comfortable equilibrium, the market achieving a kind of homeostasis. Four of the past five days last week, the S & P 500 moved less than 0.2%. The S & P 500 is up almost 2% since its closing peak at the end of the first quarter, perhaps the moment of maximum belief in a seamless soft economic landing. Three stocks together now account for fully 20% of the S & P 500 market value, mocking the notion of diversification and dashing most active investors' hopes of beating the bogey.

Persons: Keith Gill, Michael Mauboussin, Scott Chronert Organizations: Nvidia, GameStop, Apple, Microsoft, Federal Reserve, Investment, Morgan Stanley Investment Management, Fed, Citi, CPI Locations: rebalancing, U.S

☆ Here’s where to invest $50,000 in the new year, according to the pros
▼ + stars: | 2024-01-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

The S & P 500 rose 24% in 2023, ending the year just shy of a record closing high. The highest S & P 500 target on the Street calls for 8.7% upside from Thursday's close. A fund with exposure to small and midcap semiconductor stocks is the SPDR S & P Semiconductor ETF (XSD) . Exposure to this space can be obtained through the SPDR S & P Health Care Equipment ETF (XHE) . For these investors, Bailey likes Berkshire Hathaway , calling it a counter-cyclical sitting on a ton of cash.

Persons: Larry Adam, Raymond James, Robert Kaplan, Steven Wieting, Wieting, there's, Mike Bailey, — Bailey, Bailey, They're, Berkshire Hathaway, Eli Lilly, they're, Jack Ablin, Ablin, Rowe Price Organizations: Nasdaq, Dow Jones Industrial, CNBC Pro's, Survey, National Association for Business Economics, Dallas Federal, CNBC, Bank of America, Fed, CNBC Pro, Citi Global Wealth, Nvidia, Meta, Microsoft, P Semiconductor, P Health Care, FBB Capital Partners, Corporate, Aggregate Bond, Berkshire, Essex Property Trust, Federal Realty Trust, Rowe Price Group Locations: Essex

☆ These behavioral traits lead to greater retirement savings, research finds. Yet only 10% of workers have them
▼ + stars: | 2023-11-14 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

People who find it easiest to financially prepare for retirement have four behavioral traits, a new survey shows. Yet just 10% of workers have all of these "optimal" characteristics, according to the survey findings, from Goldman Sachs Asset Management in collaboration with Syntoniq, a behavioral finance research organization. The behaviors help retirement savers turn their intentions into action, according to the July survey of 5,261 workers and retirees. Previous Goldman Sachs research has found competing life priorities — such as the need to pay down student loans, provide care for other family members or other financial hardships — may reduce workers' retirement savings by up to 37%. The research led to the discovery of the four traits, which are "not inherently things that you would think about for retirement," Ceder said.

Persons: Syntoniq, Goldman Sachs, Gen Z, Chris Ceder, Ceder Organizations: Goldman Sachs Asset Management, Finance, Research, Greenwald Research

☆ Bank of America says now is the time to buy these three home improvement stocks
▼ + stars: | 2023-09-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Cooling inflationary pressures and strengthening home values are likely to spell a recovery for home improvement retailers sooner rather than later, according to Bank of America. Although the firm's indicator for the home improvement industry still came in negative for August 2023, the signal ticked up from its July reading. "Strength in home values should lend longer-term stability for home improvement demand," Suzuki wrote. Suzuki's $114 price target for Floor & Décor suggests almost 24% upside from its closing price of $92 Monday. BofA cited FND's growing number of stores and improved same-store sales growth.

Persons: Elizabeth Suzuki, Lowe, BofA, Suzuki, — CNBC's Michael Bloom Organizations: Bank of America, U.S . Mortgage, Finance Research Locations: 1H23, 2H23, Monday's

☆ The 15 cheapest cities in the US to buy a home in right now — including 3 where prices are expected to appreciate at least 22% by 2026 — according to Scholaroo
▼ + stars: | 2023-08-29 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

It's not an easy time to buy a home with prices and mortgage rates elevated. Scholaroo recently ranked cities by affordability, looking at prices, taxes, and incomes. Supply remains tight, and 30-year fixed mortgage rates have again risen over 7%. In a recent report, Scholaroo published an analysis of 152 cities that looked at their median home prices, median property taxes, mortgage payment-to-income ratio, and average monthly household incomes. Using this data, the firm created in an index to determine the cheapest places to buy a home in the US.

Persons: It's, it's, Scholaroo

A view of logo of New Development Bank (NDB) at its headquarters in Shanghai, China July 10, 2023. Finance Minister Enoch Godongwana said boosting local currency usage among the NDB's members will also be on the agenda, with the aim of de-risking the impact of foreign exchange fluctuations rather than de-dollarisation. "Most countries that are members of the NDB have been encouraging (it) to provide loans in local currencies," Godongwana said. Reuters Graphics Reuters GraphicsSo far, China is by far the NDB's most successful local currency market. GROWING MEMBERSHIPNevertheless, the NDB, established with $10 billion in paid-in share capital from each BRICS country, wants to expand.

Persons: Aly, Enoch Godongwana, Godongwana, Leslie Maasdorp, Maasdorp, Alexander Ekbom, Chris Humphrey, Humphrey, Rachel Savage, Brenda Goh, Tannur Anders, Vincent Flasseur, Karin Strohecker, Joe Bavier, Alexander Smith Organizations: New Development Bank, REUTERS, Reuters, Finance, Federal Reserve, Reuters Graphics Reuters, U.S ., United Arab, Asian Infrastructure Investment Bank, Reuters Graphics, Overseas Development Institute, Thomson Locations: Shanghai, China, Africa, JOHANNESBURG, SHANGHAI, Russia, South Africa, Brazil, India, Johannesburg, Ukraine, United States, Mumbai, Brasilia, Bangladesh, United Arab Emirates, Egypt, Uruguay, Algeria, Honduras, Zimbabwe, Saudi Arabia, Asia, London

☆ Student Loan Repayments Are Dwindling - The New York Times
▼ + stars: | 2023-07-13 | by ( Laura Beamer | Marshall Steinbaum | ) www.nytimes.com time to read: +16 min

2013 was the first year when over half of all student loans carried a balance greater than originally borrowed. The 2020 student loan repayment pause shook up this unhealthy dynamic. But student loan repayment had been dwindling for at least a decade before the pause. But an important additional source of student loan misery is the widening and diversifying nature of the Americans who take them out. Our student debt research uses credit reports, both from an annual, representative cross-section of student borrowers and from a single group of borrowers we’ve been following since 2009.

Persons: couldn’t, Laura Beamer, Marshall Steinbaum, doesn’t, It’s, —, Biden, we’ve, they’re, “, Bill, ’ Organizations: Jain, Institute, University of Utah, White, American, Black, Women, Congress, Department of Education

☆ The Number of ATMs Has Declined as People Rely Less on Cash
▼ + stars: | 2023-03-03 | by ( Jim Carlton | Photographs Nicholas Albrecht For The Wall Street Journal | ) www.wsj.com time to read: 1 min

The slow move toward a cashless society is helping to send the ubiquitous ATM into decline around the U.S., presenting challenges for those who still largely rely on cash. After peaking at 470,000 ATMs in the U.S. in 2019, the number of machines has declined annually over the past few years to 451,500 at the end of 2022, according to data tracked by research firm Euromonitor International. The reason: Many people quit using cash during the pandemic and haven’t gone back, said Kendrick Sands, consumer finance research manager for the London-based firm.

☆ Higher expenses are expected to weigh heavy on bank earnings, says Morgan Stanley's Betsy Graseck
▼ + stars: | 2023-01-12 | 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 EmailHigher expenses are expected to weigh heavy on bank earnings, says Morgan Stanley's Betsy GraseckBetsy Graseck, global head of banks and diversified finance research at Morgan Stanley, joins 'Squawk Box' to discuss forecasts for bank earnings numbers, the benefits of higher rates on net interest income, and changes to expense outlooks in 2023.

If the Democrats lose badly, I think you may see a fairly strong push for Biden to take himself out of 2024." None of the three would run against Biden in a primary, and they may defer to Harris, too, sources say. A senior Democrat said Newsom "has told people he won’t run against Biden" or Harris. Any Democratic primary contest would weaken the party's financial firepower in 2024, which could seen spending jump again, campaign finance experts believe. “I think the Democratic party and the White House should not presume you need to run the same presidential candidate again to hold the White House,” Suri said.

If the Democrats lose badly, I think you may see a fairly strong push for Biden to take himself out of 2024." None of the three would run against Biden in a primary, and they may defer to Harris, too, the sources said. A senior Democrat said Newsom "has told people he won't run against Biden" or Harris. Any Democratic primary contest would weaken the party's financial firepower in 2024, which could see spending jump again, campaign finance experts believe. "I think the Democratic party and the White House should not presume you need to run the same presidential candidate again to hold the White House," Suri said.

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