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The global 60/40 strategy has seen a 27% cumulative return since 2022 through Oct. 31, according to Vanguard data. Traditionally, stocks and bonds move in opposite directions, which helps lower the volatility of this traditional portfolio. But that didn't work in 2022, when stocks and bonds both suffered and the 60/40 tanked, which had many declaring the strategy dead. The 60/40 portfolio tends to be shorthand for a balanced, diversified portfolio, with specific allocations based on investors' individual needs. For instance, Morningstar's index that reflects a 60/40 portfolio is up about 15% year to date.
Persons: Todd Schlanger, it's, Dan Lefkovitz, Morningstar, Lefkovitz, doesn't, Amy Arnott, Price, Jared Woodard, Woodard, Morningstar's, Vanguard's Schlanger, Schlanger, Organizations: Vanguard, Morningstar, Commodities, Bank of America, Fund, Bloomberg U.S, U.S .
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)The U.S. Commerce Department said Friday it has finalized a $6.6 billion government subsidy for Taiwan Semiconductor Manufacturing Co's U.S. unit for semiconductor production in Phoenix, Arizona. The binding contract — after a preliminary agreement announced in April — is the first major award to be completed under the $52.7 billion program created in 2022. In April, TSMC agreed to expand its planned investment by $25 billion to $65 billion and to add a third Arizona fab by 2030. TSMC also agreed to use its most advanced chip manufacturing technology called "A16" in Arizona.
Persons: Amber Wang, , Donald Trump, TSMC, naysayers, Gina Raimondo Organizations: Taiwan Semiconductor Manufacturing Company, Center, U.S . Commerce Department, Taiwan Semiconductor Manufacturing Locations: Hsinchu, AFP, Phoenix , Arizona, Arizona, United States
What the market says about the state of semiconductors
  + stars: | 2024-11-15 | 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 EmailWhat the market says about the state of semiconductorsJeff deGraaf, Renaissance Macro Research chairman, joins CNBC's 'Closing Bell' to discuss what the markets are showing with the post-election rally pause, why semiconductors are moving down, and more.
Persons: Jeff deGraaf Organizations: Macro
(L-R) Mike Tyson, Nakisa Bidarian and Jake Paul pose onstage during the Jake Paul vs. Mike Tyson Boxing match press conference at Texas Live! The highly anticipated boxing match between Jake Paul and Mike Tyson has already secured its place in the record books. That makes it the biggest boxing gate in history outside of Nevada. The fight between Paul, a 27-year-old YouTube influencer-turned-boxer and Tyson, a 58-year-old boxing legend, will air Friday at 8 p.m. … This is a statement that we had the biggest live gate outside of Vegas in U.S. boxing history."
Persons: Mike Tyson, Nakisa Bidarian, Jake Paul, Paul, Canelo Álvarez, Billy Joe Saunders, Conor McGregor, Eddie Alvarez, Tyson, Katie Taylor, Amanda Serrano, Floyd Mayweather Jr, Manny Pacquiao Organizations: Mike Tyson Boxing, Texas, CNBC, T, The Dallas Cowboys, AT, Las Vegas UFC, YouTube, Netflix, Las Vegas Locations: Arlington , Texas, Nevada, New York City, Vegas, U.S
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim said he was nervous about Best Buy , the electronics retailer expected to benefit from the refresh AI-powered PC cycle. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, Trump, we're, Nextracker, Stocks, Berkshire Hathaway, Jim Cramer's, BBY Organizations: CNBC, Trump, Berkshire Locations: China, U.S, Alibaba
New York CNN —Laura Helmuth is resigning as editor-in-chief of Scientific American magazine following an expletive-filled rant about Donald Trump voters. Posting on Bluesky, an X rival, Helmuth said Thursday that she’s “decided to leave Scientific American after an exciting 4.5 years as editor in chief” without mentioning her previous comments. In a series of now-deleted posts on the same platform, she called Trump voters the “meanest, dumbest, most bigoted” group and “fascists” following the former president’s reelection last week. Helmuth had apologized in a separate post, calling them “offensive and inappropriate” and that they don’t “reflect the position” of Scientific American. “We wish her well for the future.”At 179-years-old, Scientific American says it’s the “oldest continuously published magazine” in the United States and has published pieces from more than 200 Nobel winners.
Persons: Laura Helmuth, Donald Trump, Helmuth, she’s “, , , ” Helmuth, ” Kimberly Lau, Laura, ” Lau, Kamala Harris, Trump Organizations: New, New York CNN, Scientific, Trump, CNN Locations: New York, United States
David Einhorn's Greenlight Capital this week revealed a fresh stake in agriculture equipment maker CNH Industrial , and increased its bets on Peloton Interactive and gold in the third quarter. The hedge fund, which Einhorn founded in 1996, disclosed in its latest regulatory filing that it took a roughly $79 million stake in CNH during the latest quarter. Einhorn also increased his holding in Peloton by roughly 40%, bringing his stake in the company to about $45 million. That led him to buy medium-sized stakes in a few value companies and take a larger position in gold. Einhorn added 3.1% to his holding in SPDR Gold Trust in the most recent quarter, bringing it to $51 million.
Persons: David Einhorn's, Einhorn Organizations: Interactive, CNBC, CNBC's, Alpha, Robin Hood Investors Conference, Cornell, Trust, Capri Holdings, Penn Entertainment, HP, Roivant Sciences, Packaging, Tenet Healthcare Locations: CNH, Holland, New York City, Capri
Bloom Energy may be due for massive gains on the heels of its recent supply agreement with American Electric Power , according to Piper Sandler. Analyst Kashy Harrison upgraded the stock to overweight from neutral and raised his price target by $10 to $20. BE YTD mountain BE, year-to-date On Thursday, Bloom Energy announced that it reached an agreement with AEP to power artificial intelligence data centers and supply up to 1 gigawatt of its products. The company also said that AEP has ordered 100 megawatts of fuel cells, with more orders expected next year. "Given the endorsement of BE's technology from a large utility, agreements with other large players could materialize."
Persons: Piper Sandler, Kashy Harrison, it's, Harrison, Aman Joshi Organizations: Bloom Energy, American Electric Power, BE, AEP
CNN —A Russian-controlled segment of the International Space Station is leaking, allowing pressure and air to bleed out. The situation has reached a fever pitch as cosmonauts scramble to patch problem areas and officials from Russia’s space agency, Roscosmos, and NASA disagree about the severity of the problem. Looming space station issuesNASA has contingencies in place for crew safety, but the space agency is also grappling with the fact that the leaking Russian module may pose a threat to the safety and longevity of the space station. In addition to Roscosmos, they include the Canadian Space Agency, European Space Agency and Japan Aerospace Exploration Agency. Still, it’s not clear whether the commercial destinations will be ready before the space station is forced to retire.
Persons: CNN —, , , Bob Cabana, Roscosmos, ” Cabana, Cabana, Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, NASA's, Aubrey Gemignani, ” Roscosmos, , “ We’ve, ” Barratt, “ It’s, Oleg Novitskiy, Barratt —, Dana Weigel, compadres, Barratt, Don Pettit, Pettit, Sunita Williams, Butch Wilmore, Nick Hague, Aleksandr Gorbunov, Jeff Bezos, it’s Organizations: CNN, International, NASA, NASA’s, ISS, SpaceX, NASA's Kennedy Space Center, United, , Roscosmos, Space Station NASA, Zvezda, Station, Space Station, Russian Soyuz, Soyuz, SpaceX Crew, Canadian Space Agency, European Space Agency, Japan Aerospace Exploration Agency, Origin Locations: Zvezda, United States, Russia, Florida, Russian
November’s full moon, otherwise known as the beaver moon, will shine bright in the sky on Friday as the last supermoon of the year. A supermoon occurs when the moon’s full phase coincides with its perigee, its closest approach to Earth in its orbit, according to NASA, making the moon appear slightly bigger and brighter than on average. The beaver moon — named as a nod to that animal’s hibernation and thicker coats this time of year — reached the crest of its full phase at 4:29 p.m.
Persons: Organizations: NASA
Donald Trump sent a public message to Jamie Dimon, telling the CEO he would not be part of the Trump administration. Trump previously said he'd consider Dimon for the role of treasury secretary, then walked back the comment. AdvertisementJPMorgan Chase CEO Jamie Dimon has no hard feelings about not being part of President-elect Donald Trump's new administration. "I haven't had a boss in 25 years and I'm not about ready to start," he said on Thursday in response to being told Trump was not inviting him to be treasury secretary. "I have a lot of respect for Jamie Dimon," Trump said in an interview with Bloomberg Businessweek published in July.
Persons: Donald Trump, Jamie Dimon, Trump, Dimon, hasn't, , Donald Trump's, I'm, Larry Fink, Matt Gaetz, Sen, Marco Rubio, Elon Musk, Vivek Ramaswamy Organizations: Service, JPMorgan, Economic Cooperation, Summit, Trump, Bloomberg Businessweek, Treasury, Department of Government Locations: Asia, Peru, New York, Florida
He wasn't present for his son as he grew up since he could only think about his next drink. The granddad finally got sober at 50 by getting monthly shots of a drug that manages his cravings. I wasn't present for my son, Joel, when he was growing up. AdvertisementIn high school, I'd drink at parties and friends' houses. I told Suzanna to get rid of my distilling equipment in the basement.
Persons: Jeff Horton, Joel, let's, I'd, I've, Suzanna, We'd, It's, Harley, Nora, , I'm Organizations: Sinai Wellness, XXL, Business Locations: Tucker , Georgia, We'd, Florida, Jamaica, Dahlonega , Georgia
Hundreds of hotel workers at a casino near the Las Vegas Strip went on strike just before dawn Friday after a long and highly publicized fight for a new contract. The strike at Virgin Hotels Las Vegas marks the first open-ended strike in 22 years for the Culinary Workers Union, the largest labor union in Nevada, with about 60,000 members. Virgin hotel workers are walking out RIGHT NOW at Virgin Las Vegas for a fair contract! "Workers at Virgin Las Vegas deserve a first-class contract with fair wage increases, and they are organized and ready to strike for it." Culinary Union members last went on strike in 2002 for 10 days at the Golden Gate hotel-casino in downtown Las Vegas.
Persons: Ted Pappageorge, Pappageorge, Bethany Khan Organizations: Vegas, Virgin Hotels, Culinary Workers Union, Virgin, Virgin Las, Culinary Union, Workers Locations: Virgin Hotels Las Vegas, Nevada, Virgin Las Vegas, Vegas, Golden, Las Vegas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed may slow the pace of rate cuts next year, says Morgan Stanley Wealth's Ellen ZentnerEllen Zentner, chief economic strategist at Morgan Stanley Wealth Management, joins CNBC's 'Closing Bell Overtime' to discuss the pause in the post-election market rally, how the economy will respond to the incoming administration, and more.
Persons: Morgan Stanley, Ellen Zentner Ellen Zentner Organizations: Morgan Stanley Wealth Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Trump's selection of RFK Jr. as HHS secretary could impact the pharma sectorJared Holz, healthcare sector strategist at Mizuho Securities America, and CNBC's Angelica Peebles join 'Power Lunch' discuss pharma stocks' reaction to Robert F. Kennedy Jr.'s appointment to lead the Department of Health and Human Services, what the incoming administration could mean for regulation in the sector, and more.
Persons: Jared Holz, Angelica Peebles, Robert F, Kennedy Jr Organizations: RFK Jr, pharma, Mizuho Securities America, Department of Health, Human Services
Why the C-suite is getting so big
  + stars: | 2024-11-15 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +8 min
Beyond the usual top jobs, some organizations now have chief experience officers, chief AI-ethics officers, and chief transformation officers. LinkedIn said in September that those were the fastest-growing C-suite roles on its platform from 2022 to 2023. Janet SherlockBut she said a lineup that includes a chief marketing officer, a chief information officer, and a chief customer-experience officer might indicate insufficient internal coordination. "Do I need a customer-experience officer whenever I have a chief commercial officer, a chief information officer, and a chief marketing officer?" Wiggins said that's why there's more pressure on C-suite leaders to act as a well-informed unit of experts rather than technical specialists.
Persons: Ram Charan, who's, Jason Saltzman, Charan, , they're, Jensen Huang, Janet Sherlock, Ralph Lauren, Sherlock, Christine Porath, Porath, Dorie Clark, Clark, Ty Wiggins, Russell Reynolds, Wiggins, remits Organizations: Bank of America, Verizon, Technologies, Nvidia, Elon, Tesla, University of North, Chapel, Columbia Business School, Workers, Russell Reynolds Associates Locations: Huang's, University of North Carolina
The top 10 family offices for startup investments
  + stars: | 2024-11-15 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
The top 10 family offices for startup investments made over 150 investments combined this year, in everything from biotech and energy to crypto and artificial intelligence, according to a new analysis. CNBC partnered with Fintrx, the private wealth intelligence platform, to analyze single family offices that made the largest number of investments in private startups in 2024. The most active family office so far this year is Maelstrom, the Hong Kong-based family office of American investor Arthur Hayes, who co-founded the crypto exchange BitMEX. For the sake of the list, family offices are defined as investment vehicles or holding companies of a single family or individual that don't manage money for outside investors. Nearly a third of startup capital in 2022 came from family offices, according to a PWC report.
Persons: Guillaume Houze, Pascal Le Segretain, Robert Frank, Bernard Arnault's, Laurene Powell Jobs, Peter Thiel's Thiel, Arthur Hayes, Guillaume Houzé, Motier, Andreesen Horowitz, Eric Schmidt, Magnus Carlsen, Fertility Organizations: Royal, Getty, CNBC, Fintrx, Ventures, Labs, Motier Ventures, Google, Flex, Mistral, Nvidia, Lightspeed, Atinum Investment, Emerson Collective . Thiel Capital Locations: Paris, France, Hong Kong, Lafayette, Seoul, Korea, Singapore
My husband and I made reasonable salaries living in NYC but weren't happy about retirement. We moved to Mexico in 2020 into our dream house and now feel far more secure about retirement. We eventually settled on Mexico, a country that's long been a favorite of American retirees where an estimated 1.6 million already live. We moved to Mexico ahead of retirement so we could enjoy it moreWe moved to Mexico before retiring because we thought the transition to retirement in another country would be easier if we had already lived there. AdvertisementWe make less money in Mexico, but our cost of living is lowerOur combined income is less than it was when we were living in New York.
Persons: , Fabian Martinezv, Marc Perrotta, We're, We'll Organizations: Service, Foreign, Security Locations: Mexico, Spain, Canada, California, Florida, Mérida, Yucatán, Bushwick , Brooklyn, United States, Mérida's, NYC, New York
Cramer outlines how investors should position themselves for the week ahead'Mad Money' host Jim Cramer breaks down how investors should position themselves for next week, what to expect from Walmart and Lowe's earnings, and more.
Persons: Cramer, Jim Cramer Organizations: Walmart
ET, the 10-year Treasury yield rose by more than two basis points to 4.4453%. The yield on the 2-year Treasury rose by more than three basis points to 4.3307%. U.S. Treasury yields rose on Friday as investors digested Federal Reserve Chair Jerome Powell's latest comments, and awaited further economic data. The remarks come after the Fed cut interest rates by a quarter point last week. Investors will turn their attention to further economic data due to be published on Friday, including retail sales, industrial production, and import prices.
Persons: Jerome Powell's, Powell, Powell's Organizations: Treasury, U.S, Investors, Fed
CNN —House Speaker Mike Johnson said on Friday that he does not think the House Ethics Committee report on allegations related to Matt Gaetz should be released and is “going to strongly request that the Ethics Committee not issue the report.”The former Florida congressman, who is President-elect Donald Trump’s choice for attorney general, resigned his seat in the House when Trump announced that he was going to nominate him to serve in the role. No, I think it’s a terrible breach of protocol,” Johnson said when asked by reporters if he thinks the report should come out. The speaker said he planned to talk to House Ethics Committee Chairman Michael Guest about the situation. I’ve been a bit busy,” he said, noting he got back from Mar-a-Lago late last night. Asked if he would respect the panel’s decision if the Ethics Committee chose to share the report with the Senate Judiciary Committee, Johnson replied, “I’m going to strongly request that the Ethics Committee not issue the report.”“That is not the way we do things in the House, and I think that would be a terrible precedent,” he said.
Persons: Mike Johnson, Matt Gaetz, , Donald Trump’s, Gaetz, ” Johnson, Michael Guest, I’ve, Johnson, “ I’m, Trump Organizations: CNN —, Trump, Lago Locations: Florida, Mar
Taco Bell CEO Sean Tresvant credits his leadership success, at least partially, to one piece of advice: "Don't try to be a black belt in everything." "Be a black belt in marketing, and be a brown belt in everything else," Tresvant, who previously held marketing executive roles at Taco Bell, Nike and Sports Illustrated, told LinkedIn's "This is Working" podcast last week. Tresvant received that advice in January upon becoming CEO of Taco Bell — which is owned by fast food giant Yum! Instead of believing he has all the answers, he tries to ask the "right questions" to team members who have expertise that he doesn't, he noted. "I understand I'm not a CFO, but I have a great CFO who can lead the [financial side of the] business."
Persons: Sean Tresvant, you'll, Tresvant, Taco, LinkedIn's, Taco Bell, I'm Organizations: Taco Bell, Nike, Sports, Taco, Brands
While some athletes celebrate their first big paycheck with a splurge — NFL star Travis Kelce dropped $10,000 on a limited-edition pair of sneakers, Shaquille O'Neal spent $150,000 on a Mercedes Benz — WNBA star Cameron Brink hasn't touched hers. Brinks says she's saved about 90% of her total earnings from her first year in the league, adding that the WNBA isn't the principal driver of her income. "I want to ensure that I'm setting myself up for a comfortable lifestyle down the line because I definitely don't want to be working forever." Brink, who in college signed an endorsement deal with New Balance to become the brand's first female basketball player, had an NIL valuation topping $200,000 while at Stanford University, Sports Illustrated reports. In a league where player salaries are still as low as they are, such sponsorships can make all the difference.
Persons: Travis Kelce, Shaquille O'Neal, Cameron Brink, Caitlin Clark —, Brinks, she's, Brink, Taylor, Steph Curry, Armour, Chase Organizations: NFL, Benz, WNBA, Los Angeles Sparks, CNBC, Stanford University, Sports, Women's, Basketball Players, Vogue Business, Golden State Warriors
German Chancellor Olaf Scholz (SPD, r) and Russian President Vladimir Putin look up after several hours of one-on-one talks at a joint press conference. Scholz met the Russian president for talks on the situation on the Ukrainian-Russian border. German Chancellor Olaf Scholz urged Russian President Vladimir Putin in a rare phone call on Friday to begin talks with Ukraine that would open the way for a "just and lasting peace." In a one-hour phone conversation, their first in almost two years, Scholz also demanded the withdrawal of Russian troops from Ukraine and reaffirmed Germany's continued support for Ukraine, a German government spokesman said. "He stressed Germany's unbroken determination to back Ukraine in its defence against Russian aggression for as long as necessary," the spokesperson added.
Persons: Olaf Scholz, Vladimir Putin, Scholz, Germany's, Volodymyr Zelenskiy, Putin, Donald Trump's, Trump Organizations: Ukraine, U.S, Social Democrats Locations: Russian, Ukraine, Russia, Germany, United States
Rome CNN —The ancient Colosseum in Rome has witnessed some historic battles, with toga-clad crowds once packing the gigantic venue to watch gladiators slug it out against opponents including lions and baboons. On one side of the arena is holiday rental giant Airbnb and the Colosseum Archaeological Park, which oversees the ruined structure, which is one of Rome’s most visited attractions. You will become a gladiator,” promises the AirBnB advertisement. “A publicity stunt by Airbnb which, after having effectively taken possession of the historic center, completely distorting it and turning it into a large tourist park, now wants to ridicule the Colosseum,” he said Friday. Federico Mollicone, a member of her party who heads the Lower House of Parliament’s Culture Commission said he applauds the innovative idea.
Persons: , Ridley Scott, , Massimiliano Smeriglio, ” Smeriglio, Smeriglio isn’t, Erica Battaglia, Vatican’s, Trevi, Enzo Foschi, ” Airbnb, Giorgia, Brothers, Italy, Federico Mollicone Organizations: Rome CNN, Paramount, CNN, Rome’s Culture, UNESCO, Democratic Party, overtourism, Italian, Culture Commission, Culture, Ministry of Culture Locations: Rome, Eternal
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