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Search resuls for: "committement"


16 mentions found


☆ Here's 3 reasons why Wall Street giants say investors should pay attention to Treasurys as yields soar
  + stars: | 2023-10-28 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +5 min
The 10-year Treasury yield topped 5% for the first time since 2007 this week. The gap between higher dividend yield stocks and the 10-year US Treasury yield has completely closed. Bond yields probably aren't falling soonTreasury yields are likely staying elevated, thanks to the Fed's committement to keeping a lid on inflation. Central bankers have raised rates 525 basis-points over the past year to lower high prices, which has helped pushed Treasury yields higher. Other market forecasters have warned of more trouble ahead in equities, especially as higher bond yields draw investors away from the stock market.
Persons: —, Goldman Sachs, there's, they've Organizations: Treasury, Service, Bank of America, Goldman, Goldman Sachs Global Investment Research, Vanguard
☆ US Stocks edge higher as traders wait for Powell's Jackson Hole speech
  + stars: | 2023-08-25 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +2 min
US stocks rose higher as traders waited for Powell's speech at Jackson Hole. Last year, stocks plunged after Powell warned markets of "more pain" ahead. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAdvertisementAdvertisementUS stocks rose Friday ahead of Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium. Powell's speech at the same event last year sent stocks plummeting as he reiterated the central bank's committement to fighting inflation through interest rate hikes. At last year's event, stocks plunged after Powell warned markets of "more pain" ahead, as the Fed would continue to stay hawkish on inflation.
Persons: Jackson, Powell, Jerome Powell's, Riley, Art Hogan Organizations: Investors, Service, Federal, Jackson, Fed, Riley Wealth, Nasdaq Locations: Wall, Silicon
☆ The stock market's 'no recession' relief rally is over. Expect flat markets for the rest of the year.
  + stars: | 2023-08-10 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
The "no recession relief rally" has ended for the stock market, according to Stifel's Barry Bannister. The S&P 500 is up about 17% year-to-date, but has declined by about 3% since the start of August. Bannister expects the S&P 500 to finish the year at 4,400, suggesting potential downside of about 2% from current levels. According to data from Bank of America, stock market returns are typically muted between July and December in the third year of the Presidential Cycle, which reference a four-year stock market cycle that tracks with the four-year term of the US President. That's well below consensus estimates of the S&P 500 generating $226 in earnings per share next year.
Persons: Stifel's Barry Bannister, Bannister, Barry Bannister, committement, wouldn't, Stephen Suttmeier Organizations: Service, Federal, Bank of America Locations: Wall, Silicon
☆ AI stock picks: A portfolio manager overseeing more than $1 billion shares 6 firms he's betting on — and how to spot opportunities without getting caught up in the hype
  + stars: | 2023-03-24 | by ( William Edwards | ) www.businessinsider.com   time to read: +5 min
Artificial intelligence is here to stay, says Gregg Fisher, the founder and portfolio manager of $1 billion Quent Capital. "I don't even think I can name a business that's not using AI in some capacity. Fisher shared six small-to-mid-cap stocks he invests in that he's put through this analysis and that have exposure to AI. 6 AI stocks to watchThe first firm Fisher named is RanPak (PACK), a $419 million firm that uses AI for packing solutions to reduce cardboard waste. He said they're using AI to predict when customers are set to have problems, and alerts business owners so they can preemptively reach out.
☆ Elon Musk announces that Tesla's engineering HQ is expanding in California, over a year after moving the company's headquarters to Texas
  + stars: | 2023-02-22 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
Elon Musk announced on Wednesday that Tesla plans to expand its engineering headquarters in California. Tesla moved the company's headquarters to Texas in 2021, but still employs thousands of workers in California. Gavin Newsom that the electric-car maker plans to expand its engineering headquarters in California. The announcement comes less than two years after Musk moved Tesla's headquarters to Austin, Texas. Despite the move to Texas, the carmaker continued to produce many of its cars at the Factory in Fremont, California and it still maintains its previous company headquarters in Palo Alto.
☆ Ex-White House chief of staff Ron Klain said he flew home to Indiana and back every Sunday for months to be with his ill mother
  + stars: | 2023-02-14 | by ( Nicole Gaudiano | ) www.businessinsider.com   time to read: +3 min
Ex-White House Chief of Staff Ron Klain worked six days a week at the White House, he told the New Yorker. Klain, 61, mentioned this logistical feat and example of devotion as an aside during an interview with Evan Osnos for the New Yorker, while explaining why he decided to leave the Biden White House after two years. Klain left the White House this month after spending the first two years of the administration leading Biden's team. Biden spoke of Klain's mother during a chief of staff transition ceremony at the White House, when Klain turned over the reins to Jeff Zients. Klain's mother, Sarann Klain Warner, a retired travel agent, was reportedly too ill to attend.
☆ The former head of a $20 billion portfolio warns stocks will fall at least another 20% as investors become complacent about a recession and the Fed vows to keep rates elevated
  + stars: | 2023-02-04 | by ( William Edwards | ) www.businessinsider.com   time to read: +5 min
A hawkish Fed, as a result, will push the economy into recession, he argues. "That's not the Fed cutting to three percent, Adam, it's the Fed cutting to 2% or 1%." He cited the S&P 500 falling 20% from late-2000 to mid-2002 even as the Fed cut rates from 6.5% to 1.75% as precedent. Many Wall Street banks — including JPMorgan, Citigroup, Bank of America, and UBS — see a recession ahead for the US economy. The path of inflation will influence the path the US economy takes this year.
☆ Biden's student-loan forgiveness plan will still be legal even after the pandemic national emergency ends, the White House says
  + stars: | 2023-01-31 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
The White House announced it's ending the COVID-19 national emergency declaration in May. Biden's student-debt relief plan uses the HEROES Act, which allows relief in connection with a national emergency. But the White House said the legality of the debt relief will still stand. "There was a national emergency that impacted millions of student borrowers," the official continued. Still, Biden's administration has long maintained that this debt relief plan is intended to remedy the economic consequences of the pandemic, which can last far longer than an emergency declaration.
☆ Proud Boys try to keep jurors from seeing their 'politically incorrect' guide to masturbation, slavery, 'housewives'
  + stars: | 2023-01-23 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +5 min
It's too 'politically incorrect' for the jury, says a lawyer for defendant Dominic Pezzola. Read the "how to run a Proud Boys meeting" manual here. The Anti Defamation League considers the Proud Boys a violent, right-wing extremist group whose members commonly engage in misogynistic, Islamaphobic, transphobic, and anti-immigration rhetoric. An excerpt from a Proud Boys defense motion filed January 23, 2023 in US District Court in Washington, DC. At that point the Proud Boys members are to shout, "Bring it on!"
☆ Elon Musk has lost $132 billion in 2022 after Tesla's 68% crash - but that still makes him the world's 2nd richest person
  + stars: | 2022-12-27 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Elon Musk has seen more than $130 billion disappear from his net worth in 2022 as Tesla continues to fall. Despite the massive decline, Musk's $139 billion fortune still makes him the world's second richest person, based on data as of December 23. Musk's net worth peaked at just over $300 billion earlier this year. Meanwhile, Musk's Tesla stake is worth about $40 billion, while his options in Tesla are worth another $28 billion, according to Bloomberg. While the decline in Tesla stock has erased the biggest chunk of Musk's net worth, it has created fortunes for those who bet against the company.
☆ Here's why Wall Street is warning the Fed blew it on inflation and it won't save the stock market from crashing
  + stars: | 2022-12-24 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +7 min
The Fed blew it on inflation stocks are going to have to suffer as a result. The central bank has no choice now but to keep hiking until inflation is down, experts have said. Here are five top voices in markets warning investors not to pin their hopes on a Fed put to save stocks. El-Erian has been a loud critic of the Fed's response to inflation this year, slamming central bankers for saying inflation was "transitory" in 2021. That's the cost of the Fed being late to the game, and the central bank can't back away from its monetary tightening now, El-Erian warned.
☆ Tesla stock's historic decline drags ARK Invest's flagship fund to new 5-year lows
  + stars: | 2022-12-20 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Tesla's historic price decline has helped drag ARK Invest's flagship fund to five-year lows. The Ark Innovation ETF fell to its lowest level since August 2017 on Tuesday, while Tesla hit its lowest level since November 2020. Despite steep declines, Cathie Wood is buying more Tesla, and investors are buying more of the ARKK ETF. Tesla stock has wiped out nearly $800 billion in market value since the start of the year, according to data from YCharts. On Tuesday, Tesla stock fell another 5% to hit its lowest level since November 2020.
☆ Binance CEO Changpeng Zhao says 100% of customer assets are fully backed one-to-one, and all withdrawals will be covered: 'We will not have an issue'
  + stars: | 2022-12-15 | by ( Brian Evans | ) www.businessinsider.com   time to read: +2 min
The Binance chief executive told CNBC on Thursday that his exchange backs customer assets one-to-one. The chief executive and founder of the world's largest cryptocurrency exchange told CNBC's Squawk Box that all customer assets on the platform are backed one-to-one, either in hard or cold-storage wallets. "In crypto, there's no central bank printing money to bail out banks when there's a liquidity crunch," Zhao said. "Crypto businesses have to hold user assets one-to-one, and that's what we do - it's very simple." The collapse of FTX and the ensuing criminal probe into founder Sam Bankman-Fried has added a new layer of skepticism to the crypto space and concerns over the safety of customer assets.
☆ Questions about Elon Musk's Twitter takeover bleed into his pay-package trial, annoying Musk: 'Are we in the Tesla trial or Twitter trial?'
  + stars: | 2022-11-16 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
The billionaire was sued by a shareholder over his $50 billion Tesla compensation package. Musk appeared annoyed with questioning and asked, "Are we in the Tesla trial or Twitter trial?" "Are we in the Tesla trial or Twitter trial? "We're in cross examination in an interesting case Mr. Musk," Varallo said. Musk is facing a lawsuit from Tesla shareholder Richard Tornetta over his $50 billion Tesla compensation package.
☆ Elon Musk suggested a potential successor for Tesla CEO in recent months, board director says
  + stars: | 2022-11-16 | by ( Grace Kay | ) www.businessinsider.com   time to read: +3 min
James Murdoch testified that Elon Musk identified a potential successor for the role of Tesla CEO. Murdoch, a Tesla board director, made the comment during a trial over Tesla's pay package for Musk. He did not specify who Musk had suggested, but said Musk had identified them in the last few months. Murdoch did not give any indication as to who the successor Musk had suggested might have been. Musk is facing a lawsuit from Tesla shareholder Richard Tornetta over his $50 billion Tesla compensation package.
☆ Ukrainian official mocks Russia over its failures after Putin's threatening speech: 'Everything is still according to the plan, right?'
  + stars: | 2022-09-21 | by ( Jake Epstein | ) www.businessinsider.com   time to read: +4 min
A senior Ukrainian official mocked Russia after Putin announced partial military mobilization. British intelligence said recently that expedited training courses at Russian military academies also highlight the Russian military's "manpower challenge." A vote in favor would set the stage for Russia to annex captured Ukrainian territory. "From my perspective, this is simply an information operation that's meant to distract from the difficult state that the Russian military currently finds itself in right now," Pentagon Press Secretary Brig. The referendums are slated to take place after weeks of Ukrainian advances and battlefield success along the war's northeastern and southern fronts.
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