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☆ Mark Zuckerberg says he's 'pretty confident' Meta is heading in a 'good direction' as stock crashes 20% after huge earnings miss
▼ + stars: | 2022-10-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Mark Zuckerberg said Wednesday he was "pretty confident" Meta is heading "in a good direction." He spoke after Meta's third-quarter earnings missed Wall Street's forecasts and its stock crashed 20%. Meta's third-quarter net income crashed 52% year-on-year, to $4.4 billion, as R&D costs jumped 45% largely because of the company's investments in the metaverse. The scale of Meta's metaverse investments are being closely scrutinized by investors who are concerned they're detracting from the company's core social-media businesses, such as Facebook and Instagram. Reality Labs, which handles Oculus and everything metaverse-related, reported third-quarter revenue of just $285 million – a drop of almost half compared with the same period in 2021.

☆ U.S. oil companies' cash flow to rise by 68% per barrel in 2022 - Deloitte
▼ + stars: | 2022-10-25 | by ( Sabrina Valle | ) www.reuters.com time to read: +2 min

HOUSTON, Oct 24 (Reuters) - U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth lingers at 4.5% year to date, Deloitte consultancy said on Monday. The study illustrates the clash between the White House and oil companies over how skyrocketing profits from high energy prices should be allocated. Unlike in the past, when higher energy prices and profits would lead to increased investment rates, companies have been cutting down on costs and exercising cash discipline, Deloitte said. "We are really seeing caution in terms of where the capex is going," Deloitte Energy Executive Kate Hardin said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sabrina Valle; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Single-bond ETFs may be the key to revolutionize trading Treasurys
▼ + stars: | 2022-10-24 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +3 min

In August, F/m Investments, a $4 billion multi-boutique investment advisor, launched three single-bond ETFs: the US Treasury 10 Year ETF (UTEN) , US Treasury 2 Year ETF (UTWO) , and US Treasury 3 Month Bill ETF (TBIL) . However, Jared Dillian, senior editor at Mauldin Economics, argued in an August Bloomberg op-ed that single-bond ETFs "will be one of the more successful product launches of the year." A solution to investing problemsBuying specific Treasury bonds or notes entails opening an account on TreasuryDirect and buying bonds from the federal Treasury Department at auction. With these ETFs, "you're getting access to the U.S. Treasury on-the-run 2 Year. F/m Investments charges 15 basis points for its single-bond ETFs, and the funds distribute dividends monthly.

☆ Walmart doubles down on Africa despite a decade of frustration
▼ + stars: | 2022-10-21 | by ( Nqobile Dludla | ) www.reuters.com time to read: +8 min

A shopper pushes a trolley as she leaves a Builders Warehouse store owned by Walmart-led Massmart Holdings in South Africa, at Gleneagles, in the south of Johannesburg, South Africa, October 20, 2022. Instead, Massmart's units outside South Africa struggled with foreign exchange risk, tricky regulatory environments and macroeconomic volatility. Earlier this year, an internal Amazon.com Inc (AMZN.O) memo detailing its expansion plans, including a maiden foray onto the continent via South Africa, leaked to media. The pending battle with its global rival looms over Walmart's e-commerce strategy for Massmart, several shareholders told Reuters. While Walmart can now firmly set the direction at its South African unit, its track record outside the United States is spotty.

☆ U.S. railroad operators' volume woes to continue next year
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +3 min

Oct 19 (Reuters) - Volume woes at U.S. railroad operators are set to spill into next year as labor shortages continue to hurt the sector that is critical in connecting consumers with businesses and finished goods, according to analysts. The North America railroad industry has also been under scrutiny for working conditions. Railroad operators have tried to increase staffing levels, partly under pressure from U.S. regulator Surface Transportation Board, but have found it tough to recruit amid labor shortages. WALL STREET SENTIMENT** The current average analyst rating on Union Pacific shares is "buy", with 15 analysts rating it "hold", and 16 "buy" or higher. ** The current average analyst rating on Canadian National shares is "hold", with 18 rating it "hold", and six "buy" or higher.

☆ Why pickleball has Tom Brady and LeBron James investing
▼ + stars: | 2022-10-19 | by ( Darren Geeter | ) www.cnbc.com time to read: +1 min

Pickleball is the fastest-growing sport in America, with over 4.8 million people playing the game. By 2030, pickleball is projected to attract an estimated 40 million players across the globe, with even more investors jumping in looking to cash in on the craze. Pickleball has existed since 1965, but it wasn't until people were looking for a participatory sport during the pandemic that its popularity soared. And over the past five years, pickleball saw an average annual growth of 11.5%, while similar sports like badminton and pingpong saw negative growth of -3.7% and -1.2%, respectively. Professional leagues are competing for players, with Major League Pickleball, or MLP, which just launched last year, making headlines with investments in the seven-figure range from celebrity athletes like LeBron James and Tom Brady.

☆ Recession or not, investments in this sector have shown resilience in tough times
▼ + stars: | 2022-10-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

Boston Beer has an average analyst rating of hold and 8% downside to the average price target, according to FactSet. "In a recession, beer tends to gain about one percentage point of share from spirits. How to play the space With that mindset, you shouldn't alter your long-term investments because of a potential recession, Sarwat said. Its average price target is buy. Duckhorn also has an average rating of buy, with 30% upside to the average price target.

☆ S.Korea to scrap taxes for foreigners' income from bonds - minister
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Oct 16 (Reuters) - South Korea's finance minister said the government will scrap taxes on foreigners' income from investments in treasury bonds and monetary stabilization bonds from Monday. Speaking to reporters late on Saturday in the United States after a meeting of Group of 20 finance ministers and central bankers, Choo Kyung-ho said the government decided to bring forward the timing of the planned tax removal from 2023 to next week to boost capital inflows into the local bond market. FTSE Russell, a global index provider, said on Sept. 30 it had added South Korea to a list for possible inclusion in its World Government Bond Index (WGBI). "We were included in the WGBI watchlist at the end of September but were thinking there is a need to make a quick move to attract more foreign investment into our treasury bond market," Choo said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Cynthia Kim; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ Amazon cost cuts under Jassy reflect changing reality after 25 years of growth over profit
▼ + stars: | 2022-10-12 | by ( Annie Palmer | ) www.cnbc.com time to read: +9 min

Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | ReutersThroughout its first 25 years as a public company, Amazon has operated under a singular mantra, often to the chagrin of Wall Street: growth is more important than profits. No wager was bigger than Amazon Web Services, the cloud-computing unit that Amazon launched in 2006 and that Jassy led until his promotion last year. "They're completely unafraid to kill something that's not working," said Craig Berman, a former Amazon vice president for global communications. Former Amazon employees Colin Bryar and Bill Carr wrote about the process in their 2021 book, "Working Backwards: Insights, Stories, and Secrets from Inside Amazon."

☆ Gene-editing companies are growing thanks to fast-paced science, even as biotech faces a downturn
▼ + stars: | 2022-10-12 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +8 min

CRISPR companies are faring better by producing faster and more dramatic clinical results. A layoff tracker from Fierce Biotech counts at least 90 drug companies that have laid off staff in 2022. Gene-editing biotechs have avoided the brunt of the downturn because of fast clinical successIntellia Therapeutics is developing CRISPR-based gene-editing medicines that could cure diseases. Just in the past month, CRISPR Therapeutics moved into a swanky new headquarters in Boston that can house up to 1,000 people. BeamTo be sure, 2022 hasn't been smooth sailing for the CRISPR companies.

☆ The Fed is draining the stock market and even the 'healthy fish' will die, billionaire investor Barry Sternlicht says
▼ + stars: | 2022-10-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed's scramble to hike rates and lower liquidity is draining the stock market, Barry Sternlicht warned. "So you thought the healthy fish would survive and the sick fish would die. But the Fed is draining the entire pond, so everyone's going to die." … So you thought the healthy fish would survive and the sick fish would die. But the Fed is draining the entire pond, so everyone's going to die," he said.

☆ A Downturn Could Hit Luxury Cars Too
▼ + stars: | 2022-10-10 | by ( Stephen Wilmot | ) www.wsj.com time to read: 1 min

Luxury car brands should be better long-term investments than mass-market ones. That doesn’t mean they are recession-proof. Less than two weeks after its initial public offering, Porsche has already overtaken its majority shareholder Volkswagen in terms of market value. The comparison is simplistic, given differences in capital structure, but it does underline, among other things, investors’ preference for expensive vehicles over cheaper ones as the risk of weakening demand becomes harder to ignore. While most auto-maker stocks trade at mid-single-digit multiples, Porsche is now at almost 17 times this year’s earnings, extrapolating from its guidance.

☆ Nobel economics prize awarded to U.S.-based economists including Bernanke for work on financial crises
▼ + stars: | 2022-10-10 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel prize in economic sciences for 2022 for their research on banks and financial crises. They added this was "invaluable" during the 2008-09 financial crisis and the coronavirus pandemic. The winners of the prize — officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — receive 10 million Swedish krona ($883,000) to be split between them. The Royal Swedish Academy of Sciences select the winners from a list of candidates recommended by the Economic Sciences Prize Committee. He again cited the insurance sector in the U.K., when he said the "mismatch" came when there were calls for more collateral from insurance companies.

☆ American homebuyers are finding UK bargains, discounted by a weaker pound
▼ + stars: | 2022-09-30 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

American homebuyers are searching for bargains in the U.K., as a weaker pound contributes to double-digit price cuts. The fall in the British currency, which is off 17.5% against the U.S. dollar year to date, has made U.K. real estate cheaper for buyers paying in U.S. dollars. A property listed at 5 million pounds in Knightsbridge, for instance, would have cost $8.6 million eight years ago but $4 million today. The asking price: 30 million pounds, or about $33 million with today's currency exchange rates. That marks a savings of more than $6 million for U.S. buyers, paying in dollars, compared with a year ago.

☆ The Bank of England is right to hold off on intervening in the pound slump, investment director says
▼ + stars: | 2022-09-27 | 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 EmailThe Bank of England is right to hold off on intervening in the pound slump, investment director saysJulian Howard of GAM Investments says it's not the Bank of England's job to shore up the pound.

☆ Amazon’s second Prime Day is set to boost sales ahead of the holidays
▼ + stars: | 2022-09-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

The announcement of a second Prime Day from Club holding Amazon (AMZN) sent shares of the e-commerce giant up around 2.5% on Monday. Prime members worldwide bought over 300 million items during Amazon's last Prime Day, in July. Analysts at JMP Securities said Amazon's second Prime Day could help "elongate the holiday spending period." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Amazon signage is displayed outside of an Amazon.com Inc. delivery hub in the late evening of Amazon Prime Day, July 12, 2022 in Culver City, California.

☆ Wall Street's most highly regarded titans are warning 'the worst is yet to come' for stocks. Here's why people like Ray Dalio, Jeremy Grantham, Carl Icahn, and Scott Minerd are bearish on the market's
▼ + stars: | 2022-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Ray Dalio, Carl Icahn, Scott Minerd, and Jeremy Grantham all warned in recent days of more downside. In recent days, a number of them — including Ray Dalio, Jeremy Grantham, Scott Minerd, and Carl Icahn — have warned that further downside is coming. Ray Dalio, founder of Bridgewater AssociatesRay Dalio at the MarketWatch Best New Ideas in Money Festival in New York on September 21, 2022. Carl Icahn, founder of Icahn Enterprisesvia CNBCIcahn also pointed out this week that it's a generally bad environment for economic growth and investors with the Fed tightening, which he supports. "I think it's going to be worse before it gets better," Icahn said at the MarketWatch Best New Ideas in Money Festival on Wednesday.

☆ Ray Dalio says his hedge fund Bridgewater Associates is up around 25% this year. He shares 2 ways investors should approach a market he says is due to drop another 20% — and an area he's bullish on lo
▼ + stars: | 2022-09-22 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Bridgewater Associates founder Ray Dalio said on Wednesday that stocks are likely to fall further. Given his down outlook, Dalio was asked how investors should approach the current environment, and gave two answers. The former shields investors from rising or falling inflation rates, while nominal bonds can lose money when considering inflation. Dalio also recommended that investors keep their portfolios well-balanced and diversified, and avoid timing the market. "The most important thing that you can do is have a well-balanced portfolio, not to market time, but diversify," Dalio said.

☆ Powell Should Stress Hawkish Stance Against Inflation: Mike Novogratz
▼ + stars: | 2022-09-20 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Fed Chair Jerome Powell should stress the central bank's hawkish stance against inflation, Mike Novogratz said. "[Powell] threw us all off track a little bit two meetings ago when he said, 'I'm going to raise rates and then pause and watch.' "I think [Powell's] going to go, 'I'm going to raise rates. I'm going to stay vigilant and I'm going to raise rates until I see inflation start to crack," Novogratz said. Novogratz expects the Fed on Wednesday to raise the Fed funds rate by 75 basis points, a view largely held by investors.

☆ India starts debt-restructuring talks with Sri Lanka, vows support
▼ + stars: | 2022-09-20 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +3 min

A man travels in a train as the Colombo harbour is seen, amid the country's economic crisis in Colombo, Sri Lanka, April 20, 2022. "The discussions held in a cordial atmosphere symbolise India's support to early conclusion and approval of a suitable IMF programme for Sri Lanka," the High Commission said. Reuters reported last week, citing sources, that India did not plan to provide fresh financial support to Sri Lanka, as the island's battered economy had begun to stabilise. read moreThe High Commission said India had ongoing development projects worth about $3.5 billion in Sri Lanka, whose president earlier this month asked his officials to resolve obstacles to projects backed by India. President Ranil Wickremesinghe has said Sri Lanka will turn a free trade agreement with India into a comprehensive economic and technological partnership.

☆ Technologies like virtual reality and robotics could reduce the energy industry's carbon footprint and advance workers' skill sets
▼ + stars: | 2022-08-11 | by ( Chris Daniels | ) www.businessinsider.com time to read: +6 min

Governments have also taken actions to reduce greenhouse-gas emissions from the oil-and-gas sector to meet their net-zero goals. "This has created a ripe opportunity for technology to play an even greater role in the energy sector." However, to realize the full value of technology investments, energy leaders will need to upgrade workers' skill sets and attract higher-skilled labor in areas like robotics, software engineering, and data analytics. 'Digital twins' optimize energy projectsOil-and-gas leaders are using virtual reality and augmented reality to create "digital twins" of current energy projects for training and simulation-based learning. A path to highly skilled job creationMortlock said these kinds of developments will help the energy sector combat market instability and stakeholder pressure to improve their carbon footprint.

A real estate limited partnership (RELP) is a private investment that pools investors' funds to buy, develop, and sell properties. Cue the real estate limited partnership (RELP), which lets you pool your money with other investors to buy, lease, and ultimately sell buildings. A real estate limited partnership, or RELP, is a legal entity formed to invest in real estate ventures. "Limited partnerships exist for varying durations, from months to decades, based on the business plan with the target investments," says Tom Blake, founder of Flexible, a tech-enabled real estate company that offers bespoke real estate transactions. The bottom lineReal estate limited partnerships let investors pool their resources to buy and develop real estate.

Tech stocks generally carry more risk than other stocks, but they also promise significantly more growth. Throughout much of the 21st century's historic bull market, tech stocks have been at the forefront of the rise, with the biggest tech stocks all outperforming the S&P 500 over the past five and 10 years. There's a fundamental reason why tech stocks tend to attract more investor demand than other kinds of equities. This has added to optimism that tech stocks, in particular stocks which have already seen big gains, will still be a safer longer-term bet," Streeter says. If an investor wants the highest possible appreciation, they would do well to devote a segment of their holdings to tech stocks.

☆ Ready to start saving? Do it in this order
▼ + stars: | 2022-03-01 | by ( Beth Braverman | ) edition.cnn.com time to read: +6 min

Financial experts generally advise saving 10% to 15% of your income, but if that’s not possible right now, start setting aside whatever you can and increase the amount over time. A Health Savings AccountIf you have a high-deductible health plan through work, you might also have access to a health savings account. Money goes in tax-free, grows tax-free, and comes out tax-free if you use it for qualified medical expenses. Max out your 401(k) or other retirement savings accountsOnce you have your basic savings plans in order you can start really boosting your retirement savings. Individuals health plans with deductibles of at least $1,400 are considered to be high-deductible and are eligible for a Health Savings Account.

High-yield savings accountsA regular savings account can have interest rates as low as 0.03%, while a high-yield savings account can yield up to 5% (although rates do fluctuate). Pros Check mark icon A check mark. Open accounts you might not be able access outside of SaveBetter Check mark icon A check mark. Pros Check mark icon A check mark. Great for those who want to invest in low-risk, short-term investments Check mark icon A check mark.

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