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☆ CNBC Pro Talks: Veteran investor Mark Hawtin talks tech, Tesla and calling the bottom
▼ + stars: | 2023-02-21 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

After a brutal year for growth investors, Mark Hawtin of GAM Investments will join Pro Talks to discuss the outlook for tech stocks and when he sees the market hitting the bottom. Hawtin, investment director of the Swiss asset management firm, will speak with CNBC's Karen Tso to share his thoughts on investor favorites such as Tesla , Big Tech stocks, and the companies he expects to grow despite a downturn. Click here to watch CNBC Pro Talks live on Wednesday, February 22 at 12 p.m. GMT / 8 p.m. SGT / 7 a.m. See more from our previous Pro Talks: Fund manager names two U.S. stocks he thinks might not survive 2023 Thinking of jumping back into Big Tech? Click here to watch CNBC Pro Talks live on Wednesday, February 22 at 12 p.m. GMT / 8 p.m. SGT / 7 a.m.

☆ Ponzi schemers who raised $650 million on cattle, pot profit promises get 6 years in prison
▼ + stars: | 2023-02-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Stachniw, 71, of Galensburg, Illinois, and Throgmartin, a 59-year-old Buford, Georgia, resident, were convicted at trial in August of wire fraud and conspiracy to commit both wire fraud and money laundering in the scam. Two people whose Ponzi scheme raised a stunning $650 million from investors by falsely promising them profits from cattle and marijuana businesses were sentenced Friday to six years in prison. Prosecutors said that the defendants operated the Ponzi scheme from late 2017 through early 2019, along with a co-conspirator, Mark Ray of Denver. Ray pleaded guilty in February 2020 in Illinois federal court to wire fraud and bank fraud in connection with the scheme. In reality, the profits paid to investors came from money placed in the Ponzi scheme by other unwitting investors, authorities said.

☆ We're investing 'as fast as we can sustain,' says hearing device maker
▼ + stars: | 2023-02-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're investing 'as fast as we can sustain,' says hearing device makerDig Howitt of Cochlear says "we're a business with a huge growth opportunity, but that growth comes from investments."

Jesper Brodin, CEO of IKEA stores owner Ingka, said visitor numbers and sales volumes were up so far in the group's fiscal year through August 2023. "We are currently seeing growing visitor numbers and growing sales ... It started late spring, summer, and has continued," Brodin said, adding that current trading was better than feared. Some costs such as gas prices have started to decline as well, prompting some retailers to consider price cuts. Brodin said Ingka was currently seeing no signs of weakening demand, or of any of its markets heading towards a deep recession this year.

☆ These are the best ETFs to play the boom in international stocks, Bank of America says
▼ + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

International equities have outperformed their U.S. counterparts by more than 4%, but investors should choose carefully, said Jared Woodard, investment and ETF strategist at Bank of America, in a note to clients on Monday. "International dividends ( GCOW ), emerging markets ex-China ( EMXC ), and Canada ( FLCA ) should comprise long term international holdings," the note said. The global version is already off to a solid start in 2023, with a total return of about 6%. The fund, which has $3 billion in assets and an expense ratio of 0.25%, already has a total return of more than 5% in 2023. The Canada fund has a total return of more than 8% year to date.

☆ Nasdaq futures edge higher as battered megacaps rise
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

A fall in Treasury note yields indicate traders expect greater return from investments in risky assets. The major U.S. stock indexes ended the week previous lower, with the tech-heavy Nasdaq (.IXIC) clocking its first weekly loss this year. Investor sentiment was dented by fresh concerns that the Federal Reserve would keep higher interest rates for longer. ET, Dow e-minis were down 18 points, or 0.05%, S&P 500 e-minis were up 4.5 points, or 0.11%, and Nasdaq 100 e-minis were up 50.5 points, or 0.41%. Reporting by Johann M Cherian in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

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☆ KKR reports 42% drop in earnings on lower asset sales
▼ + stars: | 2023-02-07 | by ( Chibuike Oguh | ) www.reuters.com time to read: +2 min

NEW YORK, Feb 7 (Reuters) - KKR & Co Inc (KKR.N) said on Tuesday its fourth-quarter after-tax distributable earnings dropped 42% year-on-year, driven by asset sale declines in its private equity portfolio and lower transaction fees in the capital markets division. KKR and other private equity firms struggled to sell assets for top dollar for much of the last year due to market volatility, rising inflation, recession worries and geopolitical tensions. Transaction fees from its capital markets business, which collects lucrative fees for arranging financing for KKR portfolio companies, declined by 55% to $144.4 million. During the quarter, KKR said its private equity portfolio was flat in value, while opportunistic real estate funds depreciated by 8%. By contrast, Blackstone Inc (BX.N) had reported that its opportunistic and core real estate funds depreciated by 2% and 1.5%, respectively, while its corporate private equity funds gained 3.8%.

☆ Chinese savers stashed away $2.6 trillion last year but property crash will cool ‘revenge spending’
▼ + stars: | 2023-02-07 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Burberry (BBRYF) said last month that it’s seeing “very promising” signs in China, according to Reuters. Since real estate accounts for 70% of household wealth in China, “revenge spending” will be limited, analysts said. They expect household consumption growth to rebound to 9.5% in 2023 from about 3% in 2022, fueling annual GDP growth of more than 5%. Morgan Stanley analysts expect to see some “revenge spending” mostly from household with stable incomes. They’re expecting household consumption growth to rebound to 8.5% in 2023, contributing to full-year economic growth of 5.7%.

☆ Arizona's terrible NHL team is begging voters for $200 million to build a permanent home, but stadiums are consistently huge money pits
▼ + stars: | 2023-02-04 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Arizona's terrible NHL team is stuck using a college arena for its games as it awaits a public vote. This May, voters will decide the future of a $2.1 billion plan that includes the Coyotes' new arena. The NHL's Arizona Coyotes are for the moment stuck in an arena that is three times smaller than any other in the league. The professional team might need the facility for a few more years, but they can't even emblazon their own logo on center ice. The city also paid $50 million to the NHL to keep the team in the city while the franchise navigated bankruptcy.

☆ Looking beyond FAANG: Here's how the Club portfolio lines up with the Dow's workhorse stocks
▼ + stars: | 2023-01-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

Think most of the stocks in the Dow Jones Industrial Average or the kind of stocks Warren Buffett loves to own for Berkshire Hathaway ." But in the near term, we still favor stocks of companies that are the backbone of the real economy. Dow Inc (DOW): The materials company we own in the portfolio is industrial gas giant Linde (LIN). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ The top-performing stock-picker of 2022 shares 6 of his favorite companies to buy now to protect against high inflation, low profits, and an energy shortage that will last for years to come
▼ + stars: | 2023-01-22 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Here are six energy companies that Davolos believes are strong long-term investments. Expect high inflation to hurt earnings in 2023 and beyondOf all the trends Davolos spotted, one stands out most: inflation will be higher for longer. Most investors assumed that the high inflation of the 1970s and '80s was gone forever after the internet and other technology kept prices down during the previous two decades. Stocks broadly will likely suffer if inflation stays stubbornly high, Davolos said, given that higher prices weigh on firms' profit margins. Energy royalty companies' efficient, asset-light business model gives them lofty operating margins that are the envy of their peers.

☆ Intel CEO says chip supply chains will shape geopolitics more than oil over the next 50 years
▼ + stars: | 2023-01-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Global politics will be dominated by the availability, trade and investment in microchips for the next several decades, Intel CEO Pat Gelsinger told CNN Tuesday. The location of “oil reserves [has] defined geopolitics for the last five decades,” Gelsinger said in an interview with CNN’s Julia Chatterley at the World Economic Forum in Davos. Issues in the chip supply chain in recent years have caused shortages and shipping delays of everything from desktop computers and iPhones to cars. The CHIPS and Science Act will invest more than $200 billion to help companies grow US domestic chip-making and research. Because we’re assuming they’ll help us make these massive investments.”

Nudged by private equity funds, those supplying the booming luxury goods industry are now finding strength in unity. Largely family-owned and small in size, these businesses often struggle to meet the changing needs of the luxury brands they work for. "Luxury brands have been growing exponentially: our customers needed us to grow with them," said Nicola Giuntini, whose Tuscany-based company makes luxury coats and jackets for brands including Celine, Burberry (BRBY.L) and Stella McCartney. PRODUCTION NICHESItaly's manufacturing sector has also been a hunting ground for big luxury brands keen to secure their supply chain. Italian private equity firm XENON International, for example, has bet on producers of materials and finishes for luxury items which it has grouped together in MinervaHub.

☆ Japan current account surplus jumps, marks record for November
▼ + stars: | 2023-01-12 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

Summary Nov current account surplus at 1.8 trillion yenPrimary income surplus at 3.7 trillion yenTOKYO, Jan 12 (Reuters) - Japan's current account surplus logged a surprising surge to mark a record for November, as weakness in the yen drove income gains from portfolio investment and direct investment overseas to their highest level for the month. November's data marked the first year-on-year growth in the current account surplus since March 2022. The primary income surplus, which includes interest payments and dividends from investments overseas, hit 3.7 trillion yen. It was the largest amount for the month since comparable data became available in 1985, with the previous record being 2.4 trillion yen in November 2021. The trade deficit was 1.5 trillion yen, narrowing from the previous month's 1.9 trillion yen.

☆ This global stock exchange is under-valued and offers a 'very good' entry point for investors, outperforming fund strategist says
▼ + stars: | 2023-01-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of the London Stock Exchange Group are trading at a "very good" entry point for investors after a 10% decline in the bourse's stock over the past month, according to a fund strategist. Hannah Gooch-Peters, global equity investment analyst at Sanlam Investments, said the U.K.'s premier stock exchange had performed well in the past year due to the volatility in the fixed-income markets and the high spot prices of commodities. LSEG-GB 5Y line The share price of the London Stock Exchange Group has risen by 101% between Jan 2018 and Jan 2023. The London Stock Exchange Group, which goes by the ticker LSEG, is the fifth largest holding at 4.1% of Gooch-Peters' $480 million fund. However, the consensus price target of analysts compiled by FactSet shows a 24% upside from the current share price.

☆ October 2022 was an 'inflection point' for markets, analyst says
▼ + stars: | 2023-01-10 | 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 EmailOctober 2022 was an 'inflection point' for markets, analyst saysHannah Gooch-Peters, global equity investment analyst at Sanlam Investments, says the U.S. dominated markets in the past decade, but October 2022 was an "inflection point."

☆ A 33-year-old who co-owns 167 rental units after putting zero money down explains the pros and cons of the buy, rehab, rent, and refinance approach he's repeated to build his real-estate portfolio
▼ + stars: | 2022-12-31 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

He discovered the BRRRR method — buy, rehab, rent, refinance, and repeat — while he was renovating his first investment property. This way, he could get a quick payout in cash and then use that money to buy a long-term investment property to rent out. The pros of the BRRRR methodThe biggest benefit is you're using someone else's money to buy an asset that produces cash and grows in value, Primm said. "There are way more good tenants out there than good landlords," Primm said. "So if you're a good landlord and have a good house, you're going to have your pick of really, really good tenants."

[1/3] Drivers push auto rickshaws in a line to buy petrol from a fuel station amid Sri Lanka's economic crisis, in Colombo, Sri Lanka, July 29, 2022. India's foreign ministry did not respond to questions from Reuters on its plans and strategic aims in Sri Lanka. New Delhi has long been concerned about China's clout in its neighbourhood, including Nepal, Bangladesh and Sri Lanka. "And as far as Sri Lanka is concerned, we don't want to contribute to any escalation of tension between any countries." "Sri Lanka has clearly benefited from being the closest neighbour to the most powerful country in the region.

☆ 'Don't wait' to make this year-end move that could help cut your tax bill, says CPA
▼ + stars: | 2022-12-26 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

If you sell an investment at a loss, the IRS allows you to use that loss to offset gains and income. Here's how tax-loss harvesting works. The rules around tax-loss harvestingTo understand tax-loss harvesting, you first need to remember how capital gains taxes work. At first, offsets must be like for like: Use short-term losses to offset short-term gains and long-term losses to offset long-term gains. How to take advantage of tax-loss harvesting

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). Instead of stressing over a recession, I'm taking my financial advisor's advice not to panic. My research into why my grocery bill has gone up so drastically led me to a fun new term: stagflation. I'm a natural worrier (world class) and I've had to fight this instinct when it comes to managing my money. Recent upgrades I've done to my home helped shave a few dollars off my recently increased home insurance payments.

Dec 22 (Reuters) - Scott Minerd, global chief investment officer at investment and advisory firm Guggenheim Partners and a prominent Wall Street bond investor, has died, his firm said on Thursday. During his 25-year stint with Guggenheim, Minerd became a prolific commentator on financial markets and was often quoted by the media. He will be greatly missed by all," Mark Walter, chief executive and a founder of Guggenheim Partners, said in the firm's statement. Guggenheim said it had implemented a succession plan, with Anne Walsh, managing partner and CIO of Guggenheim Partners Investment Management, assuming many of Minerd's responsibilities on an interim basis. Minerd was regarded in the past few years as one of the U.S. "bond kings," along with Jeffrey Gundlach, chief executive of DoubleLine, and Dan Ivascyn, chief investment officer of bond giant PIMCO.

☆ First half of 2023 will be a slog for markets and the Fed, says Putnam's Jackie Cavanaugh
▼ + stars: | 2022-12-22 | 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 EmailFirst half of 2023 will be a slog for markets and the Fed, says Putnam's Jackie CavanaughCarol Schleif, CIO at BMO Family Office, and Jackie Cavanaugh, portfolio manager at Putnam Investments, join CNBC's 'Squawk Box' to break down their market outlooks for 2023.

☆ Scott Galloway looked at 100 charts on US inequality for his new book. America is adrift, but here's why he's optimistic.
▼ + stars: | 2022-12-21 | by ( Paul Constant | ) www.businessinsider.com time to read: +6 min

NYU professor Scott Galloway spoke to Paul Constant about his book "Adrift: America in 100 Charts." Galloway says we need to bring back the middle class, but there's still hope for the US. This process offered him several important new insights into the decaying of the American middle class — and a surprising sign of optimism for the future. Galloway believes America has been its own worst enemy, with outsized political division keeping us from solving the problem of inequality. "First you have to acknowledge that the middle class is an accident, and it's not self-sustaining," Galloway said.

In 2023, my family will deliberately be saving less money. We'll reinvest in our businessThe biggest way we're "spending more" in 2023 is by reinvesting in the financial planning firm that my wife and I run together. We're spending money on childcare for the first timeIn 2022, my wife was the lead parent to our infant daughter. The fact that we didn't have to pay additional money for childcare did help our budget last year. That includes having the wiggle room in our financial plan to make an adjustment like saving less, at least for this year.

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