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☆ Make these 9 investments now to capitalize on volatility and investor fears, according to a manager behind a top-7% fund in the last 15 years
▼ + stars: | 2023-10-01 | by ( James Faris | ) www.businessinsider.com time to read: +10 min

Criticisms of small caps abound, though Hartman doesn't see any of them as valid reasons to ignore the group entirely. But to Hartman, those perceived flaws can actually be sound reasons to invest in small caps. "In the small-cap and micro-cap market, there's a lot of volatility," Hartman said in a recent interview with Insider. The small-cap fund also seemingly has no limit on the number of stocks it can hold. Investors can play the industrials sector with commercial aerospace stocks, Hartman said.

Persons: Brendan Hartman, Royce, Hartman, there's, It's, aren't, Russell, Garrett, Modine, he's, Garrett Motion Organizations: Opportunity, Microsoft, Haynes International, VSE Corp, Modine Manufacturing, Honeywell Locations: Taiwanese, industrials

☆ These are the 10 best cities for apartment dwellers as mortgage rates stay oppressively high — and the 3 housing markets where buying a home is actually cheaper than renting
▼ + stars: | 2023-09-30 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Lower rent prices and multi-decade-high mortgage rates mean that it's smarter to rent than buy in most large US cities right now, according to Realtor.com. Disparities between buying and renting stemmed from a split in how median costs changed in the last 12 months. "The advantage of renting became more pronounced in all rent-favoring markets," Xu and Hale wrote. But there were three cities where buying was actually cheaper than renting in August, according to Realtor.com: Memphis, Tennessee; Pittsburgh, Pennsylvania; and Birmingham, Alabama. Below are the 10 metro areas where renting makes more sense than buying right now, along with the median rent, the median monthly cost of buying and how it compares to renting, and the year-over-year changes for renting and buying.

Persons: Jiayi Xu, Danielle Hale, Xu, Hale, Realtor.com, Freddie Mac Locations: Realtor.com, Memphis , Tennessee, Pittsburgh , Pennsylvania, Birmingham , Alabama

☆ Sycamore Gap: 16-year-old boy arrested after famous tree ‘deliberately felled’
▼ + stars: | 2023-09-28 | by ( James Frater | ) edition.cnn.com time to read: +2 min

The tree - at a spot known as “Sycamore Gap” – was located on the historic UNESCO World Heritage listed Hadrian’s Wall, which was constructed around 1,900 years ago to guard the furthest northwestern frontier of the Roman Empire. The tree before it was felled. Andre Poling/ullstein bild/Getty ImagesSycamore Gap was considered one of the most photographed trees in England and was voted as English Tree of the Year in 2016. The National Trust heritage charity – which co-manages the site – said it was “shocked and saddened” by the tree’s felling. The sycamore tree, seen here in 2021, was a striking presence on the wild landscape around Hadrian's Wall.

Persons: London CNN —, Kevin Costner’s, Robin Hood, Andre Poling, ”, Andrew Poad, Kevin Taverner, Kevin Waring Organizations: London CNN, ” Police, UNESCO, Getty, National Trust, Park Authority, Police, CNN, Northumbria Police, North Locations: Northumberland, England, Roman, Hadrian's, Northumbria

☆ A record number of Americans are shelling out one-third of their income on rent right now — but apartments in these 47 cities are getting increasingly affordable
▼ + stars: | 2023-09-28 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

The silver lining is that rent growth for a one-bedroom setup rose by just 0.5% year-over-year, which is by far the lowest rate in the last 12 months. 47 cities where rent is fallingFurther evidence that rent growth has cooled is found in Zumper's monthly list of the 100 largest US real estate markets. Only 43 of those cities saw rent rise from September 2022, while the remainder saw year-over-year growth either flatline or go negative. Below are 47 markets where the median rent for a one-bedroom apartment is more affordable now than it was in 2022, according to Zumper. Along with each location are its year-over-year and month-over-month rent changes, average rent price, and national rent ranking among the largest 100 US cities.

Persons: Zumper, would've, Georgiades, they're Organizations: Harvard

☆ The U.S. is nearing a government shutdown. What that means for stocks and how we're playing it
▼ + stars: | 2023-09-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The U.S. is just days from a federal government shutdown at 12:01 a.m. Goldman Sachs put the chances of a shutdown at 90%, saying it could last around two to three weeks. "In the seemingly unlikely event Congress passes a short-term extension, we would still expect a shutdown sometime later in Q4," which begins on Monday. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Morgan Stanley, Raymond James, Ed Mills, Jim Cramer, Jerome Powell, What's, Moody's, It's, Goldman Sachs, we've, Jim Cramer's, Jim, Brendan SMIALOWSKI, BRENDAN SMIALOWSKI, Brendan Smialowski Organizations: Capitol, United Auto Workers, General Motors, Chrysler, Ford, Reserve, Fed, Social Security, AAA, Jim Cramer's Charitable, CNBC, Republican, Getty, Afp Locations: Central, U.S, Washington ,, AFP

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Persons: Dow Jones

☆ If You Think Socialism Is Unpopular Now...
▼ + stars: | 2023-09-27 | by ( James Freeman | ) www.wsj.com time to read: +1 min

Photo: Anna Moneymaker/Getty ImagesThis column has lamented the modern evolution of the New York Times from left-leaning journalism to edgy content for progressives—“a juicy collection of great narratives,” in the words of the Times’s former media columnist. Having decided to cater to a limited and fiercely ideological slice of the public with its flagship newspaper, the New York Times Co. then opted to look for growth in entertainment products with broader appeal. But the reaction to a New York Times column this week raises the exciting possibility that even the newspaper’s readers have consumed about all the juicy progressive narratives they can stand. It’s unclear whether this is a precise reading of liberal sentiment, but one dares to hope that the entire Democratic Party might finally be ready to evolve out of its era of radical excess. The timing could be perfect as a warning from one influential leftist suggests that many of the party’s voters still don’t realize how much their ideas will cost them.

Persons: Anna Moneymaker, — Organizations: New York Times, New York Times Co, Democratic Party

☆ Sen. Bob Menendez Beat Corruption Charges Before. Could He Again?
▼ + stars: | 2023-09-27 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/law/sen-bob-menendez-beat-corruption-charges-before-could-he-again-40c49424

Persons: Dow Jones, 40c49424

☆ Explainer: What does New York fraud ruling mean for Donald Trump's business empire?
▼ + stars: | 2023-09-27 | by ( Jack Queen | ) www.reuters.com time to read: +4 min

[1/3] New York Police Department officers stand guard in front of Trump Tower before the arrival of former U.S. President Donald Trump in New York City, U.S., April 12, 2023. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSept 27 (Reuters) - The fate of Donald Trump’s business empire hangs in the balance after a New York judge stripped control of key properties from the former U.S. president as punishment for his “repeated and persistent fraud” over their valuations. Here's a look at the ruling and its implications for Trump, the frontrunner for the 2024 Republican presidential nomination. WHAT DOES THE RULING MEAN FOR TRUMP’S BUSINESS? Because of Engoron’s fraud ruling, it would largely be limited to how much Trump and his co-defendants must pay in penalties.

Persons: Donald Trump, Eduardo Munoz, Donald Trump’s, Letitia James, Arthur Engoron, Trump, Engoron, ” Trump, James, Donald Jr, Eric, TRUMP, Jack Queen, Noeleen Walder, Bill Berkrot Organizations: New York Police Department, Trump, REUTERS, Democratic New York, Washington D.C, Thomson Locations: New York City, U.S, York, New York, Manhattan, Scotland, Lago, Palm Beach , Florida, United States, Florida, Washington, Georgia

☆ Johan Retief, Namibian rugby star, out of World Cup after being 'bitten by a spider'
▼ + stars: | 2023-09-27 | by ( James Frater | ) edition.cnn.com time to read: +2 min

CNN —Namibian rugby star Johan Retief has been ruled out of his country’s final World Cup game against Uruguay later Wednesday, after being “bitten by a spider” at the team’s hotel in Aix-les-Bains, eastern France. Johan Retief of Namibia wins the ball in a lineout during the Rugby World Cup match between France and Namibia at Stade Velodrome in Marseille, France on September 21, 2023. The team will also be missing its captain, Johan Deysel, who is serving a six-match suspension for a dangerous tackle during last week’s game against France, which Namibia lost 96-0. Namibia has lost all three of its 2023 World Cup pool matches, conceding 219 points in the process. The southern African side is not the only team to have lost a player through a non-match-related injuring during this tournament.

Persons: Johan Retief, Allister Coetzee, Johan Retief’s, ” Coetzee, Phil Walter, Chrysander Botha, Retief, ” Botha, we’ll, ”, Johan Deysel, David Cherry, “, Cherry Organizations: CNN — Namibian, Uruguay, Rugby, Stade Velodrome, Namibian rugby, France, Scotland, ” Scottish Rugby Locations: Aix, les, Bains, France, Namibia, Marseille, Lyon, Uruguay

☆ Buy these 5 high-upside stocks now before they pop, according to a 15-year investing veteran — including one that could soar over 50% by Halloween
▼ + stars: | 2023-09-27 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Like other technical analysts, Salama sees wisdom in mirroring the crowd, but trend-following indicators can also provide crucial contrarian buy or sell signals. Stocks have downward momentum, and the SPY just fell through the 434 level, which Salama said was key technical support. The value of the SPY is roughly one-tenth that of the S&P 500, so that corresponds to a break below 4,344 for the index. The SPY, a popular ETF mirroring the S&P 500, is oversold, according to the RSI (in blue). 5 high-upside stocks to buy nowAfter outlining his market outlook, Salama shared five stocks he's bullish on right now and gave a price target for each.

Persons: John Salama, he's, Salama, it's, they've, he'd, David Keller, Salama doesn't Organizations: Maverick, RSI, Trust, Wall Street, Bloomberg

Sports has become a hot category for venture-capital investors in recent years. While other private investors like private equity firms have set their sights mainly on teams and leagues — looking to cash in on the rising costs of media rights and the growth of live events — early-stage investors are pouring money into startups innovating in areas like sports betting, esports, sports technology, analytics companies, NIL, and more. Insider is highlighting prominent venture-capital investors who are funding startups in sports. Insider compiled this list of investors based on our own reporting as well as nominations we vetted from readers and industry experts. Here are the 26 venture capital and other early-stage investors — listed alphabetically by company — that have made prominent investments in sports in 2023:

Persons: Brad Farkas, Pareek, Jake Paul, Joey Levy's Organizations: HBSE Ventures, trampolines

☆ New York Judge Rules Trump Committed Fraud in Valuing Assets
▼ + stars: | 2023-09-26 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/law/new-york-judge-rules-trump-committed-fraud-in-valuing-assets-c90bcdd3

Persons: Dow Jones

☆ Goldman Sachs: Buy these 22 stocks that will continue to outperform as higher interest rates worsen the September selloff
▼ + stars: | 2023-09-26 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Stocks have slipped in September as interest rates, bond yields, and oil prices increase. The Federal Reserve plans to keep interest rates high to stop persistent inflation. Here are 22 stocks that Goldman Sachs believes are well-positioned to benefit from elevated rates. There are several serious threats to US stocks right now, including high interest rates, as well as rising bond yields and oil prices. Each was addressed in a September 22 note from David Kostin, the chief US equity strategist at Goldman Sachs.

Persons: Goldman Sachs, David Keller, David Kostin Organizations: Federal Reserve

LAUSANNE, Switzerland (AP) — The doping case involving teenage Russian figure skater Kamila Valieva that marred the 2022 Beijing Olympics returned to the Court of Arbitration for Sport on Tuesday. Awaiting the outcome are nine American skaters who could become Olympic champions in the team event after finishing second in Beijing behind Valieva and the Russians. The first Russian anti-doping tribunal to judge the case during the Olympics in February 2022 said Valieva and her legal team “intend to conduct further investigation and present the results” at future hearings in the case. The Russian anti-doping agency also joined the appeal and suggested a reprimand would do. Valieva has not skated internationally since Beijing because of an ISU ban on Russians following the country's invasion of Ukraine.

Persons: Kamila Valieva, Valieva, WADA, —, ” WADA, James Fitzgerald, France —, “, Fitzgerald, ”, Eteri Tutberidze —, Thomas Bach, Bach, ” Tutberidze, ___ Organizations: Beijing Olympics, Sport, Doping Agency, International Skating Union, ISU, United, Canada, Russian, International Olympic, IOC, Kremlin Locations: LAUSANNE, Switzerland, Russian, Russia, Beijing, Valieva, Montreal, Australia, United States, France, Japan, Sweden, Moscow, “, Ukraine

☆ Russian doping in focus as Valieva case heads to court
▼ + stars: | 2023-09-26 | by ( Gabrielle Tétrault-Farber | ) www.reuters.com time to read: +3 min

Valieva was 15 when she became the first woman to complete a quadruple jump at the Olympics in the team event. The Russian anti-doping agency (RUSADA) disciplinary commission found that Valieva had committed a violation for which she bore "no fault or negligence." This effectively would deny ROC their team event gold medal. Vincent Zhou, one of the U.S. skaters, said in a statement on Monday that the global anti-doping system was "failing athletes." "Transparency would build confidence in a global anti-doping system that has lost the trust of its most important stakeholders: athletes."

Persons: Kamila, Valieva, haven't, Travis Tygart, what's, RUSADA, WADA, James Fitzgerald, Vincent Zhou, Gabrielle Tétrault, Farber, Steve Keating, Ken Ferris Organizations: Sport, Russian Olympic Committee, Russian, Doping Agency, Reuters, Olympic Committee, International Skating Union, ISU, U.S, Thomson Locations: GENEVA, Switzerland, U.S, Russian, Lausanne, Beijing, Geneva, Toronto

☆ 'There's a significant number of upside opportunities': A top-3% fund manager shares 9 of his favorite investments to make now — and why China's economy is in big trouble
▼ + stars: | 2023-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Leading fund manager Mark Costa operates in one of the toughest parts of global markets: the foreign small- and mid-cap value category. In the past decade, his Brandes International Small Cap Value Fund (BISAX) has outperformed 91% of its peers despite logging a modest 4.8% annual return in that span. Of the 11 years that Costa has co-managed the fund, 2023 is shaping up to be one of the best. His foreign-focused small-cap value fund is up 25.3% year-to-date compared to 6% for its index, which puts it in the top 3% of its category, according to Morningstar. The best opportunities Costa sees in Japan are in its regional banking and healthcare industries.

Persons: Mark Costa, he's, Brandes, Costa, Morningstar, Costa wasn't, we've, Yue Yuen, We've, they've Organizations: Costa, Value, PAX, Companies, Royce, C Locations: China, it's, Hong Kong, Indonesia, People's Republic, Europe, Japan, United Kingdom

☆ 'We've reached a new level of narcissism': Long-time bear David Rosenberg explains why a recession is still coming — and names 7 investments that can save investors from the pain
▼ + stars: | 2023-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Rosenberg continued: "But it's a false debate because the choice isn't between a soft landing and a recession. Consumers are the lifeblood of the US economy, and if they're forced to cut back on spending, Rosenberg thinks growth would quickly turn negative. Investors nervous about the economy should target stocks in four defensive parts of the market, Rosenberg said: consumer staples, healthcare, telecommunications, and utilities. "As growth is scarce, you want to own what's scarce, so you want to own growth stocks," Rosenberg said. "I'm probably much more bullish on growth than I am on value because value is very cyclical, and growth stocks tend to be valued on a longer-term earnings profile."

Persons: David Rosenberg, Rosenberg, we've, Rosenberg isn't, hasn't, nonfarm payrolls, that's, Uncle Sam, " Rosenberg, they're, couldn't, he's, he'd Organizations: Federal Reserve, Rosenberg Research, Technology, Fed Locations: YOLO

☆ Gold Bars and a Luxury Car: Sen. Bob Menendez Charged With Taking Bribes
▼ + stars: | 2023-09-22 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/us-news/law/sen-bob-menendez-indicted-on-federal-bribery-charges-e70623db

Persons: Dow Jones, menendez

☆ 'I don't believe in fairy tales': A veteran economist shares 10 overlooked reasons why the US economy is bound to contract, even as Wall Street bails on recession calls
▼ + stars: | 2023-09-22 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

"I don't believe in fairy tales, and I don't believe in new eras," Rosenberg said in a recent interview with Insider. The resumption of student loan payments this fall will also cut into spending, Rosenberg predicted. As excess stimulus erodes, the consumer savings rate is sliding. Higher oil and gas prices are also hurting consumers, Rosenberg said. "And they need the money because they're seeing strains on their finances from this 525 basis point runup in rates start to bite into their debt service capacity."

Persons: David Rosenberg, Rosenberg, they've, Rosenberg doesn't, it's, Louis Organizations: Bank of America, Rosenberg Research, Federal Reserve, of Locations: Saudi Arabia

☆ Striking auto workers are highlighting their CEOs' multi-million dollar pay. Here's how much the top bosses at Ford, GM and Stellantis make
▼ + stars: | 2023-09-22 | by ( Graham Rapier | Nora Naughton | Associated Press | ) www.businessinsider.com time to read: +10 min

"The reason we ask for 40% pay increases is because in the last four years alone, the CEO pay went up 40%. U.S. companies, in contrast, use grant date value of stock packages awarded to executives during the reporting year. AdvertisementAdvertisementThat's because in some years, talking about a CEO's "realized pay" can obscure exorbitant pay packages approved by company boards. AdvertisementAdvertisementThe CEOs of GM and Ford also saw their compensation packages peak in 2021, before declining slightly in 2022. However you slice the numbers, the gap between CEO pay and rank-and-file workers at all three companies is gigantic.

Persons: Mary Barra's, Shawn Fain, Fain, Mary Barra, James Farley, Jim Hackett, Stellantis, Carlos Tavares, Mike Manley's, Equilar, Tavares, That's, Manley, —, Harry Katz, Tesla, Elon Organizations: UAW, Service, United Auto Workers, Ford, GM, Netflix, Writers Guild of America, WGA, Comcast, Big Three, —, Motors, Chrysler, CBS, Big, General, AP, Equilar, Fiat Chrysler Automobiles, French PSA Group, Fiat Chrysler, Institute, Detroit, Cornell University, U.S Locations: Wall, Silicon, Stellantis, American, European

☆ Is Seattle Ready to Stop Deteriorating?
▼ + stars: | 2023-09-21 | by ( James Freeman | ) www.wsj.com time to read: 1 min

James Freeman is assistant editor of The Wall Street Journal's editorial page and author of the weekday Best of the Web column. He is the co-author of "Borrowed Time: Two Centuries of Booms, Busts and Bailouts at Citi," recognized as a New York Times Editors' Choice and a Financial Times Business Book of the Month. He is a contributor to the Fox News Channel and a host of "Deep Dive" on Fox Nation. Before joining the Journal in September 2007, James served as investor advocate at the U.S. Securities and Exchange Commission, where he encouraged the transformation of financial reporting technology to benefit individual investors. Follow James on Twitter @FreemanWSJ

Persons: James Freeman, Bailouts, James Organizations: Citi, New York Times, Financial, Fox News Channel, Fox Nation, U.S . Securities, Exchange Commission, Yale, Twitter

☆ Mexico Feels Pressure of Relentless Migration From South America
▼ + stars: | 2023-09-21 | by ( James Fredrick | ) www.nytimes.com time to read: +1 min

In addition, Mexico’s Supreme Court in March ruled it unconstitutional to detain migrants for more than 36 hours, since being undocumented is an administrative, not criminal, infraction. Using a combination of immigration agents and tens of thousands of National Guard troops, Mexico continues to stop large numbers of people across the country from going north — 317,334 in the first seven months of the year. But most are released in Mexico: Deportations have dropped 55 percent to 34,557 the first seven months of 2023 compared to the same period last year, according to government data. In early September, President Andrés Manuel López Obrador said migrants have increasingly become the targets of kidnappings in Mexico. In recent months, he has repeatedly insisted on the need to invest and support the countries where migrants hail from.

Persons: Andrés Manuel López Obrador, ” Organizations: Mexico’s, National Guard Locations: Mexico

☆ Buy the dip in Nvidia and make these 5 other investments now while stocks struggle, according to a long-time chart guru who called last month's market pullback
▼ + stars: | 2023-09-21 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

A bearish head-and-shoulders pattern has formed in the S&P 500, Keller said in a recent interview with Insider. The S&P 500 is in a head-and-shoulders pattern and could soon fall to around 4,100. His early August warning that stocks will slide was correct, though the S&P 500 didn't give up as much of its summer rally as the chart guru predicted. Outside of technology, Keller likes stocks in the utilities and energy sectors — specifically those in the oilfield services industry. The recent rebound of utilities, a defensive stalwart, is another signal that more market downside is likely ahead, Keller said.

Persons: chartmaster David Keller, Keller, StockCharts.com, we've, David Keller, Keller's, he's, it's, Keller didn't Organizations: Labor, Nvidia, Utilities, Energy, VanEck Oil Services

☆ These are the 10 most affordable US cities to live in with mortgage rates near multi-decade highs, according to Bank of America
▼ + stars: | 2023-09-20 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Mortgage rates are at their highest levels since the early 2000s after slipping late last year, while home price growth has ticked back up this summer after steadily falling from its pandemic peak. Mortgage rates are near multi-decade highs right now. Many people are bailing on big, pricey citiesBut not all US cities are equally affected by lofty mortgage rates and elevated property prices. 10 highly affordable US citiesProspective property owners priced out of costly cities and squeezed by historically high mortgage rates may want to look at homes in the most affordable US markets. Below are the 10 US markets with the highest affordability values as of the most recent data, according to Bank of America and the National Association of Realtors.

Persons: Freddie Mac, BofA Organizations: Federal Reserve, Bank of America, National Association of Realtors ., Denver, The Sunshine, National Association of Realtors, NAR Locations: San Jose , Los Angeles, Anaheim, National Association of Realtors . Florida, Colorado, Miami, Naples, Boulder, Angeles, New York, San Francisco, Seattle, Jacksonville , Florida, Columbus , Ohio, Austin , Texas, San Antonio , Texas, Tampa , Florida, Orlando , Florida

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