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COLUMN-Hedge funds bullish as oil prices hit multi-year highs: Kemp
  + stars: | 2021-06-14 | by ( John Kemp | ) www.reuters.com + 0.00   time to read: +3 min
Money managers purchased the equivalent of 52 million barrels in the six most important petroleum futures and options contracts in the week to June 8, exchange and regulatory data shows. The net position climbed to 919 million barrels, the highest since January 2020 before the pandemic took hold. Portfolio managers were big buyers of both NYMEX and ICE WTI (+28 million barrels) and Brent (+23 million) and small purchasers of European gas oil (+4 million), but sellers of U.S. diesel (-1 million) and gasoline (-2 million). In NYMEX WTI, the number of bearish short positions has fallen to its lowest for more than two years as the renewed uptrend in prices forces short sellers to buy back their positions (tmsnrt.rs/3xf8Eyw). Related columns:- Oil output restraint draws hedge fund buying (Reuters, June 7)- U.S. shale restraint pushes oil prices to multi-year high (Reuters, June 4)- Empty supply chain will keep global economy booming (Reuters, June 3)- Oil funds trim positions as prices approach post-pandemic high (Reuters, June 1) (Editing by David Goodman)
Persons: John Kemp, Brent, WTI, David Goodman Organizations: ICE, . diesel, diesel, Reuters Locations: United States, China, U.S, OPEC, Iran
India's Adani group says report on freeze on foreign funds wrong
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/FilesCHENNAI (Reuters) - India’s Adani Enterprises Ltd said on Monday that media reports about freezing of accounts of three foreign funds which had invested in the group companies were “blatantly erroneous.”The company said it had an e-mail from the “Registrar and Transfer Agent” dated 14th June saying “that the Demat Account in which the aforesaid funds hold the shares of the company were not frozen.”
Persons: Amit Dave, , Organizations: Adani, REUTERS, CHENNAI, Adani Enterprises Locations: Ahmedabad, India
Police union PACs have spent $510,000 on text messages attacking The Squad, Axios reported Sunday. Two political action committees affiliated with a national police union have spent $510,000 on text messages that attack The Squad, Axios reported Sunday. The PACs, Law Enforcement for a Safer America PAC and Honoring American Law Enforcement PAC, have spent $127,500 on each member of The Squad, records reviewed by Axios showed. The specific content of the text messages was not clear. Squad members split on a recent vote in Congress to expand funding for Capitol police in the wake of the insurrection.
Persons: Axios, Alexandria Ocasio, Cortez, Ilhan Omar, Ayanna Pressley, Donald Trump, Omar, Pressley, Tlaib Organizations: Police, Republicans, International Union of Police Associations, Safer America PAC, PAC, The, Capitol, Ayanna Pressley of Massachusetts, Capitol police Locations: Sarasota , Florida, Cortez of New York, Minnesota, Ayanna Pressley of, Michigan, Ocasio
India's Adani shares slump after freeze placed on foreign funds
  + stars: | 2021-06-14 | by ( Sudarshan Varadhan | ) www.reuters.com sentiment -1.00   time to read: +2 min
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. The NSDL has frozen the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund, its website shows without citing a reason for the freeze. A rally in the shares of Adani Group companies had made its Chairman Gautam Adani the second richest Asian, behind only Mukesh Ambani, chairman of oil-to-telecom conglomerate Reliance Industries. Shares of Adani Enterprises (ADEL.NS) have risen more than 10-fold over the past year ending Friday, while Adani Transmission (ADAI.NS) shares have gained more than eight-fold and Adani Total Gas Ltd shares are up 1,114% over the same period. The funds have an investment of 435 billion Indian rupees ($6 billion) in Adani group companies, according to the report.
Persons: Amit Dave, Gautam Adani, Mukesh Ambani, Adani, NSDL Organizations: Adani, REUTERS, National Securities Depository Ltd, Adani Enterprises, Albula Investment, Cresta, APMS Investment Fund, Adani Group, Reliance Industries, Total Gas Ltd, Adani Ports, Economic Times, Thomson Locations: Ahmedabad, India
Column: Hedge funds bullish as oil prices hit multi-year highs: Kemp
  + stars: | 2021-06-14 | by ( John Kemp | ) www.reuters.com + 0.00   time to read: +3 min
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, U.S., March 24, 2016. REUTERS/Nick Oxford/File PhotoHedge funds boosted their position in petroleum last week to pre-pandemic levels, encouraged by signs of a rapidly recovering global economy and continued output restraint among U.S. shale producers. Money managers purchased the equivalent of 52 million barrels in the six most important petroleum futures and options contracts in the week to June 8, exchange and regulatory data shows. The net position climbed to 919 million barrels, the highest since January 2020 before the pandemic took hold. Related columns:- Oil output restraint draws hedge fund buying (Reuters, June 7) read more- U.S. shale restraint pushes oil prices to multi-year high (Reuters, June 4) read more- Empty supply chain will keep global economy booming (Reuters, June 3)- Oil funds trim positions as prices approach post-pandemic high (Reuters, June 1)Our Standards: The Thomson Reuters Trust Principles.
Persons: Nick Oxford, Brent, WTI Organizations: REUTERS, ICE, . diesel, diesel, Reuters, Thomson Locations: Cushing , Oklahoma, U.S, United States, China, OPEC, Iran
Why Dimensional converted four mutual funds to ETFs
  + stars: | 2021-06-14 | by ( ) www.cnbc.com sentiment -0.98   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Dimensional converted four mutual funds to ETFsCNBC's Bob Pisani reports on inflows to exchange-traded funds with Dimensional CEO Gerard O’Reilly.
Persons: Bob Pisani, Gerard O’Reilly
G7 split on reallocating $100 billion IMF funds to COVID-hit nations
  + stars: | 2021-06-13 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
Leon Neal/Pool via REUTERSCARBIS BAY, England (Reuters) - Group of Seven leaders were trying to resolve differences over a proposal to reallocate $100 billion from the International Monetary Fund’s warchest to help countries struggling to cope with the COVID-19 crisis. An almost final version of the G7 communique seen by Reuters showed Germany and Italy had yet to back the inclusion of the $100 billion figure in the final statement by leaders. The IMF’s members agreed in April to a $650 billion increase in IMF’s Special Drawing Rights and the G7 countries are considering whether to reallocate $100 billion of their rights to help poor countries fight the COVID pandemic. SDRs are the IMF’s reserve asset, and are exchangeable for dollars, euros, sterling, yen and Chinese yuan or renminbi. Member states can loan or donate their SDR reserves to other countries for their use.
Persons: Boris Johnson, Joe Biden, Emmanuel Macron, Justin Trudeau, Yoshihide Suga, Charles Michel, Mario Draghi, Scott Morrison, Angela Merkel, Cyril Ramaphosa, Moon Jae, Leon Neal, Kristalina Georgieva Organizations: British, Canadian, European, Australia's, Seven, International Monetary, Reuters, IMF Locations: U.S, Japanese, Italian, German, Carbis Bay, Cornwall, Britain, CARBIS BAY, England, Germany, Italy
Greg King is the CEO of Osprey Funds, which launched the lowest-priced bitcoin trust in the US. While attending a conference in Washington, D.C. that had nothing to do with crypto, King was so bored that he started scrolling on his phone. The Osprey Bitcoin Trust (OBTC), which was launched in February, charges a management fee of 0.49%, making it the lowest-priced publicly traded bitcoin fund in the US. By comparison, the $24.2 billion Grayscale Bitcoin Trust (GBTC) charges a 2% management fee. Additionally, it has a commitment to being environmentally green and efficient, which has become a lightning rod for high-energy-consuming crypto like bitcoin.
Persons: Greg King, VelocityShares, Rex, King, Bitcoin, liquidations, it's, we'll, algorand Bitcoin, ethereum, Gavin Wood, blockchain, Algorand, Silvio Micali, I'm, I've Organizations: Osprey Funds, ETF, Barclays Bank, King, Credit Suisse, Trust Company, Fidelity Digital Assets, Massachusetts Institute of Technology Locations: Washington ,
Investors sold a net $17.6 billion in U.S. equity funds in the week, the biggest in six weeks, Refinitiv Lipper data showed. The selling was more severe in growth funds, which faced outflows of $8.7 billion, while value funds saw net sales of $4.2 billion. Among sector funds, consumer discretionary and tech sector funds faced outflows totaling $622 million and $444 million respectively. U.S. money market funds also faced outflows of a net $5.34 billion, after four straight weeks of net inflows. Inflation-protected bonds were also in demand for the sixth straight week, which lured inflows of about $1 billion.
Locations: U.S, United States
Global equity funds face biggest outflow in six weeks -Lipper
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Brendan McDermid/File Photo/File PhotoAccording to Refinitiv Lipper data, global equity funds faced net outflows of $12.8 billion, the biggest since the week ended April 28. Graphic: Global fund flows into equity sectors -Investors sold $575 million in consumer discretionary sector funds and $288 million in utilities sector funds. Tech sector funds faced their first outflow in three weeks, the data showed. Global money market funds also witnessed purchases worth a net $8.1 billion, recording inflows for the fifth straight week. An analysis of 23,721 emerging-market funds showed equity funds had outflows worth $207 million, while bond funds attracted $1.2 billion, marking a second straight week of inflows.
Persons: Brendan McDermid Organizations: Reuters, Global, Federal Reserve, New York Stock Exchange, REUTERS, Tech Locations: New York, U.S, Europe, Asia, South
G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations: U.S.
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.64   time to read: +1 min
FILE PHOTO: A G7 logo is seen on an information sign near the Carbis Bay hotel resort, where an in-person G7 summit of global leaders is due to take place in June, St Ives, Cornwall, southwest Britain May 24, 2021. REUTERS/Toby MelvilleCARBIS BAY, England (Reuters) - The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund’s warchest to help countries struggling most to cope with the COVID-19 crisis, the White House said. The issue will be on the table when G7 leaders discuss how to help steer the world’s recovery from the coronavirus pandemic at a three-day summit in Cornwall, in southwestern England, which begins on Friday. “The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need,” the U.S. president’s office said. World finance chiefs agreed in April to boost SDRs by $650 billion and extend a debt-servicing freeze to help developing countries deal with the pandemic, although only $34 billion was to be allocated to Africa.
Persons: St, Toby Melville, , Emmanuel Macron Organizations: REUTERS, International Monetary Locations: St Ives, Cornwall, Britain, BAY, England, United States, SDRs, Africa
G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations-US
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.52   time to read: +2 min
FILE PHOTO: A G7 logo is seen on an information sign near the Carbis Bay hotel resort, where an in-person G7 summit of global leaders is due to take place in June, St Ives, Cornwall, southwest Britain May 24, 2021. REUTERS/Toby MelvilleCARBIS BAY, England (Reuters) -The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund’s warchest to help countries struggling most to cope with the COVID-19 crisis, the White House said. “The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need,” the U.S. president’s office said. French President Emmanuel Macron on Thursday called on the other G7 nations to find an agreement on reallocating $100 billion in SDRs to African states. World finance chiefs agreed in April to boost SDRs by $650 billion and extend a debt-servicing freeze to help developing countries deal with the pandemic, although only $34 billion was to be allocated to Africa.
Persons: St, Toby Melville, , , Emmanuel Macron Organizations: REUTERS, International Monetary Locations: St Ives, Cornwall, Britain, BAY, England, United States, SDRs, Africa
Public investment funds predict better equity earnings over next year -survey
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +1 min
LONDON, June 11 (Reuters) - Pension and sovereign wealth funds forecast improved earnings for listed companies over the next year, but interest rate rises pose the greatest risk to financial market stability, a survey published on Friday showed. Consistent with that view, a total of 68% of respondents to the Sovereign Wealth Fund Institute (SWFI) second quarter survey predicted a rise in earnings by at least 10% in the next year. But the greatest threat to financial market stability was a rise in interest rates, according to survey respondents, who included investment professionals in the pension and sovereign wealth fund industry. Interest rate rises can be a potential drag on equity earnings and stock prices by raising costs for businesses, while weighing on consumer demand. Central bank policy will likely be the biggest driver of listed equities in the next six months, followed by the COVID-19 pandemic, the SWFI survey found.
Persons: Tom Arnold, Toby Chopra Organizations: Global, Sovereign Wealth Fund, U.S . Federal Reserve Locations: U.S
G7 eyes allocating $100 bln from IMF funds to COVID-ravaged nations-US
  + stars: | 2021-06-11 | by ( ) www.reuters.com + 0.81   time to read: +1 min
A G7 logo is seen on an information sign near the Carbis Bay hotel resort, where an in-person G7 summit of global leaders is due to take place in June, St Ives, Cornwall, southwest Britain May 24, 2021. REUTERS/Toby MelvilleThe United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund's warchest to help countries struggling most to cope with the COVID-19 crisis, the White House said. "The United States and our G7 partners are actively considering a global effort to multiply the impact of the proposed Special Drawing Rights (SDR) allocation to the countries most in need," the U.S. president's office said. "At potentially up to $100 billion in size, the proposed effort would further support health needs – including vaccinations – and help enable greener, more robust economic recoveries in vulnerable countries, and promote a more balanced, sustained, and inclusive global recovery." French President Emmanuel Macron on Thursday called on the other G7 nations to find an agreement on reallocating $100 billion in SDRs to African states.
Persons: St, Toby Melville, Emmanuel Macron Organizations: REUTERS, International Monetary, Thomson Locations: St Ives, Cornwall, Britain, United States, England, SDRs, Africa
REUTERS/Toby MelvilleThe United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund's warchest to help countries struggling to cope with the COVID-19 crisis, the White House said. SDRs are the IMF's reserve asset, and are exchangeable for dollars, euros, sterling, yen and Chinese yuan or renminbi. Member states can loan or donate their SDR reserves to other countries for their use. The global lender is continuing to study how best richer countries could donate or loan their reserves to benefit poorer nations. French President Emmanuel Macron on Thursday called on the other G7 nations to find an agreement on reallocating $100 billion in SDRs to African states.
Persons: St, Toby Melville, Kristalina Georgieva, Emmanuel Macron Organizations: REUTERS, International Monetary, IMF, Wednesday, Thomson Locations: St Ives, Cornwall, Britain, United States, England, SDRs, Africa
Biden Administration Plans to Return Pentagon Border-Wall Funds
  + stars: | 2021-06-11 | by ( Michelle Hackman | ) www.wsj.com sentiment -0.99   time to read: +1 min
WASHINGTON—The Biden administration is returning more than $2 billion in unused money for the southern border wall that had been shifted from the Pentagon by the Trump administration, and is reviewing whether to return land the previous administration seized from private landowners for the wall, the White House said Friday. The administration also said it planned to use the $1.325 billion Congress specifically allotted for border-barrier construction to repair and clean up remaining construction sites, as well as address some of the environmental damage that construction had caused. The White House felt bound by President Biden’s statement during the 2020 presidential campaign that he wouldn’t build another mile of the wall, according to people familiar with the matter. The wall had been a central part of the agenda of former President Donald Trump, who said it was necessary to keep people from crossing the border illegally. Under the plan detailed Friday, the $1.325 billion Congress allotted for the wall will instead be used to pay contractors to clean up the excavators, bulldozers and other equipment left at the sites when the Biden administration froze their work on Mr. Biden’s first day in office.
Persons: WASHINGTON —, Biden, Trump, Biden’s, Donald Trump, Sen, Shelley Moore Capito Organizations: Pentagon, Department of Homeland Security
BlackRock Gets Green Light to Start Offering Mutual Funds in China
  + stars: | 2021-06-11 | by ( Quentin Webb | ) www.wsj.com + 0.00   time to read: +2 min
BlackRock, the world’s largest money manager with $9 trillion in assets under management as of end-March, has made expansion in China a priority. It secured a nod from the China Securities Regulatory Commission last August to establish the mutual-fund business, which is now permitted to begin selling funds. “We look forward to sharing our global investment expertise and offering more differentiated investment solutions to Chinese investors,” BlackRock Chairman and Chief Executive Larry Fink said in a statement Friday. BlackRock’s Shanghai-based unit, BlackRock Fund Management Co., now has six months to launch its maiden fund for individual investors, a spokeswoman said. This and future funds are likely to be sold through traditional mutual-fund distribution channels in China, which include banks and brokerages, she added.
Persons: Larry Fink, Rachel Lord, BlackRock’s, , , Goldman Sachs, Dawn Lim, Quentin Webb Organizations: BlackRock Inc, New, JPMorgan Chase &, Goldman Sachs, Inc, BlackRock, China Securities Regulatory, ” BlackRock, Fidelity International, JPMorgan, BlackRock’s, BlackRock Fund Management Co, Asia, China Construction Bank, Temasek . Wealth, Industrial, Commercial Bank of China Ltd Locations: New York, China, Washington, Beijing, U.S, BlackRock’s Shanghai, BlackRock, Asia Pacific, Singapore
How hedge funds took over America's struggling newspaper industry
  + stars: | 2021-06-11 | by ( Sunny Kim | ) www.cnbc.com sentiment -1.00   time to read: +1 min
As Covid-19 ran rampant across the United States in 2020, local newsrooms across the country cut back—even as they covered the biggest story in decades. "As far as readers, we saw that skyrocket during the pandemic," Emma Way, editor at Axios Charlotte, told CNBC. During the pandemic, more than 70 local newsrooms closed across the country. In fact, hedge funds and other financial firms control half of the daily newspapers in the United States, according to a recent analysis by the Financial Times. Watch the video above to find out what that means for the newspaper industry, and the steps some newsrooms have taken to survive.
Persons: Emma Way, Charlotte Organizations: CNBC, Newspapers, Google, Facebook, Tribune, McClatchy, Media, Financial Times Locations: United States
Biden to route U.S. border wall funds to military and construction site clean up
  + stars: | 2021-06-11 | by ( Ted Hesson | ) www.reuters.com sentiment -1.00   time to read: +2 min
An old border wall fence is shown next to the newly constructed wall along the U.S. Mexico border next to Tijuana, east of San Diego, California, U.S., February 2, 2021. During his four years in office, Trump secured about $15 billion for the project, including $10 billion in redirected U.S. military funds. Biden, a Democrat, issued an executive order on Jan. 20 - his first day in office - that paused wall construction, saying "a massive wall that spans the entire southern border is not a serious policy solution." The Biden administration said on Friday that it would use its legal authority to stop any new border wall construction while calling on Congress to redirect existing resources to technology-based border security. Texas Governor Greg Abbott, a Republican, said on Thursday that his state would build its own border wall, but whether he has the resources and legal authority to do that remains unclear.
Persons: Mike Blake, Joe Biden's, Donald Trump, Trump, Biden, Greg Abbott, Abbott Organizations: REUTERS, U.S ., White House, Republican, Biden, Texas, Trump, Thomson Locations: U.S, Mexico, Tijuana, San Diego , California, Germany, Indiana
REUTERS/Rebecca Cook/File PhotoA former president of the United Auto Workers, Gary Jones, on Thursday was sentenced to 28 months in jail for embezzling union funds as part of a larger federal probe into corruption in the union. Jones, who pleaded guilty last June to charges he embezzled more than $1 million, appeared in U.S. District Court in Detroit on Thursday. On Thursday morning, Jones pleaded for mercy from Judge Paul Borman and again apologized to the union and its members. read moreThe UAW said Jones' sentencing brings to a close a "very dark chapter" in the union's history. Jones' predecessor as head of the UAW, Dennis Williams, pleaded guilty to embezzlement of union funds in September and was sentenced to 21 months in prison last month.
Persons: Gary Jones, Rebecca Cook, Jones, Judge Paul Borman, " Jones, Saima Mohsin, Dennis Williams Organizations: United Auto Workers, National Association of, Advancement for Colored, REUTERS, UAW, Internal Revenue Service, U.S, Eastern, Eastern District of Michigan Locations: Detroit , Michigan, U.S, Detroit, Corsicana , Texas, Eastern District, United States
REUTERS/Gonzalo Fuentes/File PhotoItaly aims to spur total investments of more than one billion euros ($1.22 billion) to build an electric car battery factory with car maker Stellantis (STLA.MI) expected to play a leading role, three government sources told Reuters. But it is confident this could trigger further investments from industrial and financial partners to bring the total to more than one billion euros, the sources said. The document targets some 1.8 billion euros in funding by that date though one ministry source said this was unlikely. Stellantis, the world's fourth largest carmaker, currently has two gigafactory projects in Europe, in France and in Germany, with overall investments of 5 billion euros. read more"There's a lot of competition... we'll have to offer a strong strategy and a credible team," the ministry source said.
Persons: Gonzalo Fuentes, Stellantis, Roberto Cingolani Organizations: REUTERS, Reuters, Funds, Fiat Chrysler, PSA, Energy, ACC, Thomson Locations: Saint, Yvelines, Paris, France, Italy, Brussels, Rome, Europe, Germany, United States, Spain
A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit TessierAirbus (AIR.PA) and Air France-KLM (AIRF.PA) have urged policymakers to use EU-backed green stimulus funds to support aircraft sales, according to documents released on Thursday by InfluenceMap, an investor-led climate lobbying watchdog. "Support could take the form of a 'green stimulus' subsidy scheme," according to an Air France-KLM "key messages" digest dated March 26. Another BNP-led demand for climate lobbying disclosures by Delta Air Lines (DAL.N) has been endorsed by influential proxy advisers ISS and Glass Lewis ahead of next Thursday's shareholder meeting. "The idea that we have 'actively lobbied' against EU climate policies to reach these targets is false," A4E said.
Persons: Benoit Tessier Airbus, InfluenceMap, Frans Timmermans, Glass Lewis, A4E Organizations: Airbus, REUTERS, Air France, KLM, European Commission, Exxon, BNP, Airlines, Delta Air Lines, Industry, Airlines for, Lufthansa, Ryanair, SAF, EU, Thomson Locations: Blagnac, Toulouse, France, Air France, Paris, Brussels, United States, Europe, Airlines for Europe, COVID
Software company MicroStrategy has raised $500 million in bonds that it will use to buy bitcoin. MicroStrategy raised the first-ever junk bond that will be used to buy bitcoin this week, as it looks to build a war chest of cryptocurrency. The software company's $500 million bond follows two convertible bond sales the company did in February this year and December 2020, which were both used to fund bitcoin purchases. Bond managers' tough rideIndeed, issuance in the high-yield bond market has surged since the Fed backstopped the market last March as the coronavirus gripped the economy. This person said the last-minute rush to get in the deal — which pushed from $400 million to $500 million — was "high-yield FOMO."
Persons: MicroStrategy, Peter Duffy, Hertz, bitcoin Cryptocurrency, it's, Jefferies, Warren Buffett Organizations: Penn Capital, Companies, Reuters Breakingviews, Moody's, Service, Jefferies Locations: bitcoin, El Salvador
Its tech could help hotels to automate more tasks and keep operations lean. It can help hotels automate tasks like booking, financial reporting and pricing, and staff training. Since the start of the pandemic, Life House has grown booking revenues by 189% and the number of hotel rooms under management by 271%. That could lead to financial pressure that would make a Life House operation more appealing to hotels. Courtesy of Life House Hotels"Of course, the staff positions that are experiencing a shortage are generally not automatable — housekeepers, for example," he said.
Persons: Rami Zeidan, Zeidan Organizations: Thayer Ventures, Tiger Global, Global Founders Capital, Comcast Ventures, House, Booking Holdings, US Chamber of Commerce, US Labor Department, Life Locations: Miami , Nantucket, Denver, Brooklyn, Bali, Chattanooga, Salida , Colorado, Wamego , Kansas, Miami Beach
Dynamic Funds' Noah Blackstein on meme stocks, policy impact on markets and more
  + stars: | 2021-06-10 | by ( ) www.cnbc.com sentiment -0.70   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDynamic Funds' Noah Blackstein on meme stocks, policy impact on markets and moreNoah Blackstein, senior portfolio manager at Dynamic Funds, joined "Squawk Box" on Thursday to discuss the latest in meme stock news, what the increase in consumer prices in May could mean for markets and more.
Persons: Noah Blackstein Organizations: Dynamic Funds
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