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☆ Op-ed: Europe is leaving a void in a multipolar world
▼ + stars: | 2023-11-30 | by ( Kevin Klowden | Chief Global Strategist At The Milken Institute | ) www.cnbc.com time to read: +5 min

The Russian invasion of Ukraine only three months later served to provide an immediate driver for greater political unity within Europe. China, Russia and even the United States under Donald Trump have expressed dissatisfaction with institutions such as the World Trade Organization, the G7 and the United Nations. watch nowThe void is particularly apparent at the WTO, where the lack of European leadership on trade as the U.S. turned inward is particularly felt. Perhaps nothing shows the consequences of the lack of European strength in preserving these institutions than the Russian invasion of Ukraine. However, the combination of a split over Ukraine, and internal divisions within Europe, have prevented any way for Europe to play a key role with China.

Persons: Emmanuel Macron, Ursula von der Leyenââ, Pedro Sanchez Perez, Klaus Iohannis, Chancellor, Germany, Olaf Scholz, Charles Michel, Dursun, Angela Merkel, Donald Trump, Vladimir Putin, Merkel, Ursula von der Leyen, Xi Jinping Organizations: European Commission, European, European Union, Anadolu Agency, Getty, World Trade Organization, United Nations, WTO, EU, NATO, APEC Locations: Spain, Romania, Brussels, Belgium, United States, China, Europe, Russia, Ukraine, Israel, U.S, Germany, Moscow, India, Southeast Asia, EU, East, Africa

☆ GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
▼ + stars: | 2023-11-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

General Motors is seeking to regain Wall Street's confidence leading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year of labor strikes and setbacks in its plans for electric and autonomous vehicles. GM's reinstated 2023 guidance also includes:Net income attributable to stockholders of $9.1 billion to $9.7 billion, compared to a previous outlook of $9.3 billion to $10.7 billion. Adjusted EBIT of $11.7 billion to $12.7 billion, compared to the previous outlook of $12.0 billion to $14.0 billion. Adjusted earnings per share of roughly $7.20 to $7.70 including the stock buyback, compared to the previous outlook of $7.15 to $8.15. Before the UAW strikes, CFO Paul Jacobson said the company was on track to achieve "toward the upper half" of its earnings forecast.

Persons: Mary Barra, General Motors, GM's, Paul Jacobson Organizations: General Motors Company, Milken Institute Global Conference, General, Detroit, United Auto Workers, GM, UAW Locations: Beverly Hills , California

☆ It will take a while for the economy to shift, says Milken Institute's William Lee
▼ + stars: | 2023-11-16 | 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 EmailIt will take a while for the economy to shift, says Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, joins 'The Exchange' to discuss whether the economy is headed for a soft landing or a recession, the direction of Fed policy, and more.

Persons: Milken, William Lee William Lee Organizations: Milken Institute

☆ Investors are still unsure about getting into China's market, says Milken Institute's William Lee
▼ + stars: | 2023-11-16 | 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 EmailInvestors are still unsure about getting into China's market, says Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, and CNBC’s Michelle Caruso-Cabrera join 'Power Lunch' to give their takes on the latest with the meeting between the U.S.-China.

Persons: Milken, William Lee William Lee, CNBC’s Michelle Caruso, Cabrera Organizations: Investors, Milken Institute, U.S . Locations: China

☆ Billionaire Asness says he is 'more a bond guy' at this moment
▼ + stars: | 2023-11-16 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

Cliff Asness, Co-Founder, Managing Principal and Chief Investment Officer of AQR Capital Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsNEW YORK, Nov 16 (Reuters) - Billionaire quant investor Cliff Asness said on Thursday that he currently favors bonds over equities, given the returns that U.S. Treasuries are offering. "I'm more of a bond than a stock guy at this point," the founder principal of AQR Capital Management said when asked about his asset preferences at a virtual event hosted by Brazilian bank Banco Bradesco. "Bonds are starting to look pretty, pretty reasonable. Asness added he believes U.S. stocks are unlikely to repeat the same valuation growth they posted in the last 30 years.

Persons: Cliff Asness, Lucy Nicholson, Bonds, Asness, Carolina Mandl, Jonathan Oatis, Nick Zieminski Organizations: AQR Capital Management, Milken Institute Global Conference, REUTERS, Banco Bradesco, Treasury, Reserve, Carolina, Thomson Locations: Beverly Hills , California, U.S, Banco Bradesco . U.S, New York

☆ Watch CNBC’s full interview with Milken Institute's William Lee
▼ + stars: | 2023-11-16 | 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 EmailWatch CNBC’s full interview with Milken Institute's William LeeWilliam Lee, chief economist at the Milken Institute, and CNBC’s Michelle Caruso-Cabrera join 'Power Lunch' to give their takes on the latest with the meeting between the U.S.-China.

Persons: Milken, William Lee William Lee, CNBC’s Michelle Caruso, Cabrera Organizations: Milken Institute, U.S . Locations: China

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Walt Disney Studios in Burbank, California, U.S., August 22, 2023. Striking writers and actors slashed spending, burned through savings and piled up debt to survive. Sets for movies and TV shows are lighting up again as studios rush to resume filming. Still, Hollywood is unlikely to return to the frenzied production pace of the streaming wars, when studios competed for subscribers and cachet. Hollywood actors won similar gains in a tentative agreement reached with the studios on Nov. 8.

Persons: Mario Anzuoni, caterers, Wall, Celia Finkelstein, ” Finkelstein, “, Serena Kashmir, ”, Fran Drescher, Kevin Klowden, ” Klowden, Long, Marc Meyer Jr, I’ve, Meyer, Guy Bisson, Neil Begley, Ampere, Dawn Chmielewski, Danielle Broadway, Lisa Richwine, Mary Milliken, David Gregorio Our Organizations: Writers Guild of America, Walt Disney Studios, REUTERS, Companies Comcast Corp, Fox, Netflix, Hollywood, Reuters, WGA, SAG, Milken Institute, Sony Pictures, Disney, Global, Ampere, Moody’s, Companies, “, Thomson Locations: Burbank , California, U.S, California, Georgia, New Mexico, Hollywood, ” Kashmir, Kashmir, Colorado, North Hollywood, Los Angeles

New York is the $1.35 trillion fund's only office outside mainland China besides Hong Kong. CIC asked Bai Xiaoqing, who was in charge of some of its private equity investments from Beijing, to move to New York for the North America head role, the sources said, requesting anonymity because the move has not been publicly announced. U.S. authorities have been especially suspicious of investments originating from entities close to China's communist government, like CIC. CIC is also a significant investor in U.S. private equity funds, as so-called alternative assets comprise almost half of its portfolio. One of its most prominent investments has been a $2.5 billion Goldman Sachs Group Inc (GS.N) private equity fund aimed at investing in companies that can benefit from closer U.S.-China ties.

Persons: Bai Xiaoqing, Zhang Hong, Bai, Zhang, Peng Chun, Larry Fink, Milken, Echo Wang, Roxanne Liu, Kane Wu, Greg Roumeliotis, Edwina Gibbs Organizations: China Investment Corp, North America, CIC, Foreign Investment, American Enterprise Institute, Public, Goldman Sachs Group Inc, China -, China - U.S . Industrial Cooperation Fund, Britain, BlackRock Inc, BlackRock, China's Ministry of Finance, Industrial, Commercial Bank of China, U.S . Treasury, Thomson Locations: North, New York, China, Hong Kong, Washington, Beijing, United States, U.S, China - U.S, BlackRock

☆ Income security is feeding into strength in the labor market, says Milken's Bill Lee
▼ + stars: | 2023-11-03 | 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 EmailIncome security is feeding into strength in the labor market, says Milken's Bill LeeWilliam Lee, Chief Economist at the Milken Institute, discusses his expectations for the October jobs report.

Persons: Bill Lee William Lee Organizations: Milken Institute

☆ Actors, Hollywood studios still at odds on AI and other issues, union says
▼ + stars: | 2023-11-02 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

SAG-AFTRA members walk the picket line on the 100th day of their ongoing strike outside Paramount Studios in Los Angeles, California, U.S., October 20, 2023. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsLOS ANGELES, Nov 1 (Reuters) - Negotiators for Hollywood actors and major studios have not resolved concerns about artificial intelligence (AI) and other issues in talks aimed at ending an 111-day strike, the SAG-AFTRA union said late Wednesday. The union has been seeking limits on how studios can use generative AI technology when making movies and TV shows. Actors fear they may be replaced by digital performers or that their likenesses may be used without their permission. "We continue to await the AMPTP's response to our comprehensive counter proposal package which we gave them on Saturday, addressing outstanding issues," SAG-AFTRA said.

Persons: Mario Anzuoni, Walt Disney, AFTRA, Lisa Richwine, Gerry Doyle Organizations: Paramount Studios, REUTERS, Hollywood, SAG, Alliance, Television Producers, Netflix, Wednesday, Milken Institute, Thomson Locations: Los Angeles , California, U.S, New York, Los Angeles, United States, California

☆ Flexport is laying off 20% of its workforce
▼ + stars: | 2023-10-12 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Supply chain software startup Flexport plans to cut approximately 20% of its global workforce as part of a new round of layoffs that's expected to begin on Friday, CNBC has learned. Flexport CEO Ryan Petersen sent a note to staffers Thursday afternoon informing them of the job cuts, according to a copy of the memo viewed by CNBC. The company will inform employees of whether they're impacted or not via email beginning Friday morning, Petersen wrote. A Flexport spokesperson pointed CNBC to a company blog post from Petersen confirming the layoffs. Petersen claimed repeatedly that Clark, a 23-year veteran of Amazon , overspent and overhired during his tenure at Flexport.

Persons: Ryan Petersen, Petersen, Dave Clark, Clark, Flexport Organizations: Milken Institute Global Conference, CNBC, Amazon Locations: Beverly Hills , California, U.S, Flexport, Canada, Asia

☆ Qualcomm to cut roughly 1,258 jobs in California
▼ + stars: | 2023-10-12 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference in Beverly Hills, California, May 2, 2022. Qualcomm is cutting about 1,258 jobs in offices in two of its California locations, according to recent filings with the California Employment Development Department. The semiconductor manufacturer notified the state Wednesday that it would be eliminating roughly 1,064 of its San Diego employees and 194 of its Santa Clara employees. "Given the continued uncertainty in the macroeconomic and demand environment, we expect to take additional restructuring actions to enable continued investments in key growth and diversification opportunities. We currently anticipate these additional actions to be substantially completed in the first half of fiscal 2024."

Persons: Cristiano Amon Organizations: Qualcomm, Milken Institute Global Conference, California Employment Development Department, San Diego, Santa Clara, CNBC Locations: Beverly Hills , California, California

☆ AMC CEO identified as victim of an online blackmail attempt last year
▼ + stars: | 2023-10-12 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Adam Aron, chairman and CEO of AMC Entertainment, listens during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 18, 2021. AMC CEO Adam Aron confirmed Thursday he was the victim of a blackmail attempt by a New York woman last year. The case had been previously publicized, identifying the victim in legal documents only as a CEO of a publicly traded company. The New York woman behind the blackmail attempt, Sakoya Blackwood, pretended to be a former romantic partner of Aron using an anonymous online account beginning in March 2022. "This indeed was entirely a personal matter, and the matter is closed," Aron said.

Persons: Adam Aron, Aron, Sakoya Blackwood, Blackwood, AMC's Organizations: AMC Entertainment, Milken Institute Global Conference, AMC Locations: Beverly Hills , California, New York, York, Manhattan

☆ South China Sea: China has to learn to live with the rest of the region's rise, analyst says
▼ + stars: | 2023-10-05 | 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 EmailSouth China Sea: China has to learn to live with the rest of the region's rise, analyst saysCurtis Chin, Asia fellow at the Milken Institute, discusses China's relationship with Southeast Asia.

Persons: Curtis Chin Organizations: Milken Institute Locations: China, Asia, Southeast Asia

"I'm very, very lucky because I wouldn't have had the courage to go and do that acquisition, but I give all the credit in the world to Dave Clark," Petersen said. "There's a perfect complement of skill sets," Petersen told Forbes in June 2022. Petersen told Clark he should engage with Shopify's team, according to a person with direct knowledge of the negotiations. Clark, Petersen and Wagers met in Texas in mid-August to fine-tune the forecasts. Flexport told CNBC that an employee's politics are not relevant in personnel decisions.

Persons: Dave Clark, Ryan Petersen, he'd, Petersen, Clark, excoriated Clark, we've, Clark wasn't, Jeff Bezos, It's, Flexport, Clark overspent, Flexport's, He'd, Sanne Manders, Dave, Shopify, Tobias Lutke, Lutke, Shopify's, glanced, didn't, Fund's Trae Stephens, Michael Ronen, SoftBank, Andreessen Horowitz, Bob Swan, Samyukta Lakshmi, Kenny, Stuart Leung, pare, Leung, —, Lindsey Wasson, Clark's, Stephens, Peter Thiel, Trump's, Petersen's, Sen, Joe Manchin, Chris Ferro, Ferro, Parisa Sadrzadeh, couldn't, Amazon, Sadrzadeh, Burak Yolga, Yolga, Nelly Organizations: North, Amazon, Twitter, CNBC, UPS, FedEx, Milken Institute Global Conference, Bloomberg, Getty, Forbes, Deliverr, Shopify's, Anduril Industries, Intel, Intel Corp, U.S ., Clark, Republican, Founders Fund, Democratic, Street Journal, Flexport Locations: Phoenix, Silicon, Clark, Beverly Hills , California, U.S, Flexport, Deliverr, Miami, Flexport's Bellevue , Washington, Bengaluru, India, Flexport's, Asia, U.S . West Coast, Texas, Ohio, Arizona, Thiel's, West Virginia, Seattle, integrations

☆ Temasek unit raises $3.3 bln in flagship fund investing in China
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, Sept 28 (Reuters) - Singapore state investment firm Temasek's (TEM.UL) wholly owned unit True Light Capital said on Thursday it raised $3.3 billion in its flagship fund that invests in Greater China and has now closed it to new capital. The Singapore-based asset manager said in a statement the True Light Fund I secured capital from global investors including sovereign wealth funds, foundations, financial institutions, and family offices. The closing of the fund indicates that True Light can now focus on investing the capital. The fund will invest alongside Temasek in opportunities related to Greater China, True Light said. It invests directly in private and public equity as well as indirectly through private equity and venture funds, it added.

Persons: Yeo Chee Kian, Yibing Wu, Yantoultra Ngui, Muralikumar Organizations: U.S, Temasek, Milken Institute Asia, Thomson Locations: SINGAPORE, Singapore, Greater China, China, Taiwan

☆ How Much Coffee Is Too Much Coffee?
▼ + stars: | 2023-09-26 | by ( Alice Callahan | ) www.nytimes.com time to read: 1 min

Q: I routinely drink three or four cups of coffee per day, but often wonder if this is too much. Coffee can be many things: a morning ritual, a cultural tradition, a productivity hack and even a health drink. Studies suggest, for instance, that coffee drinkers live longer and have lower risks of Type 2 diabetes, Parkinson’s disease, cardiovascular conditions and some cancers. “Overall, coffee does more good than bad,” said Rob van Dam, a professor of exercise and nutrition sciences at the Milken Institute School of Public Health at George Washington University. But between your breakfast brew, lunchtime latte and afternoon espresso, is it possible to have too much?

Persons: ”, Rob van Organizations: Milken Institute School of Public Health, George Washington University

☆ Hollywood workers resort to flea markets, bake sales as strikes drag on
▼ + stars: | 2023-09-21 | by ( Lisa Richwine | ) www.reuters.com time to read: +6 min

[1/2] SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. Hollywood writers walked off the job in May, followed by actors in July. The motion picture and sound recording industries shed 17,000 jobs in August because of the strikes, according to U.S. government statistics. Writers and actors can apply for assistance from their unions, and some crew members are eligible for state unemployment benefits. In the meantime, stars including George Clooney, Dwayne Johnson and Meryl Streep have donated millions to Hollywood charities that assist industry workers.

Persons: Mike Blake, IATSE, Dejon Ellis, Kevin Klowden, Daniel Fox, Fox, Laura Seaman, Berry, Greg S, Tiffany Puterbaugh, Puterbaugh, I've, Gavin Newsom, George Clooney, Dwayne Johnson, Meryl Streep, Ellis, We're, it's, John Lithgow, Nicole Kidman, Andrea Tyler, Tyler, Lisa Richwine, Mary Milliken, Aurora Ellis Organizations: Writers Guild of America, Disney Studios, REUTERS, Rights, IATSE, Milken Institute, Star Wars, Hollywood, SAG, Netflix, Thomson Locations: Burbank , California, U.S, Rights BURBANK , California, Los Angeles, Hollywood, California, Georgia, New Mexico

☆ ‘Everything Everywhere’ Oscar winner Ke Huy Quan on Asia's 'huge influence' on how Hollywood stories are told
▼ + stars: | 2023-09-20 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +3 min

Ke Huy Quan at the TIME100 Impact Awards on September 17, 2023 in Singapore. Those were the words that Oscar winner Ke Huy Quan uttered during his acceptance speech at the Academy Awards in March. Quan won the Oscar for best supporting actor for his role in "Everything Everywhere All at Once," making him only the second actor of Asian descent to win in this category. Mike Coppola | Getty Images Entertainment | Getty Images"Everything Everywhere All at Once" dominated the Oscars this year, clinching seven awards including best picture, best actress, best director, best editing, best supporting actor, best supporting actress and best original screenplay. Since May, Hollywood writers have been on the picket lines protesting for better wages, benefits and stronger job security.

Persons: Huy Quan, Matt Jelonek, Ke Huy Quan, Quan, Oscar, Mike Coppola, Michelle Yeoh, We're, we're, Mario Tama Organizations: Getty, Academy, Milken Institute Asia Summit, Hollywood, —, Writers Guild of America, SAG, Alliance, Television Producers, Guild of America, Television Locations: Singapore, American, Hollywood, Hollywood , California

New anti-obesity drugs have the potential to transform public health, while obliterating demand for products and services from the medical, food and fitness industries. Drugs developed by Novo Nordisk (NOVOb.CO) and Eli Lilly (LLY.N) appear to be the first truly effective diet treatments. In one clinical trial, patients taking Eli Lilly’s soon-to-be-launched weight-loss drug lost about 50 pounds (23 kg). Only about a third of those who started taking the drugs for obesity were still doing so a year later, according to one analysis. Yet even as Novo, Lilly and others see their addressable markets expand, some companies will see theirs shrink.

Persons: Lilly, George Frey, Eli Lilly, Eli Lilly’s, Novo, Wegovy, Kraft Heinz, Burger, LSEG, Michael Farrell, Zimmer Biomet, Smith, Peter Thal Larsen, Sharon Lam, Oliver Taslic Organizations: Novo Nordisk, Pharmacy, REUTERS, Reuters, TAM, Drugs, Alpha, Reuters Graphics Reuters, Cadbury, Mondelez, Fortune Business, Burger King, KFC, Yum Brands, Centers for Disease Control, Milken Institute, BMJ, Novo, Inspire Medical Systems, Novo Nordisk’s, WW International, Fashion, Thomson Locations: Provo , Utah, U.S, New, United States, Lilly, England

☆ Ray Dalio warns of 'great disruptions,' shares top tips for new investors
▼ + stars: | 2023-09-18 | by ( Charmaine Jacob | ) www.cnbc.com time to read: 1 min

Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. U.S. billionaire Ray Dalio says new investors should have a diversified portfolio as economic and geopolitical headwinds persist. "I would like to have diversification, because what I don't know is going to be much greater than what I do know," said Dalio, founder of one of the world's largest hedge funds, Bridgewater Associates. "Pay attention to the implications of the great disruptions that are going to take place because the world will be radically different in five years. And it's going to become radically different year by year," he explained.

Persons: Ray Dalio Organizations: Forbes, Bridgewater Associates, Milken Institute Asia Summit Locations: New York City . U.S, Singapore

☆ The market's heaviest hitters are sounding the alarm on US debt
▼ + stars: | 2023-09-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Three market experts have cited concern that growing US debt will send interest rates up. US debt supply will only grow, as a recession would expand the federal deficit, Jeffrey Gundlach added. The warnings come as federal deficits have exploded in recent years, sharply elevating the trajectory of US debt. AdvertisementAdvertisementThough interest rate gains would help drive demand for bonds, they make debt servicing more costly. Bill GrossThe "bond king" who drove Pimco's fixed-income success had similar apprehensions about the debt market.

Persons: Ray Dalio, Bill Gross, Jeffrey Gundlach, Dalio, Pimco's, Gross, I'm, Gundlach Organizations: Service, Treasury Department, Federal Reserve, Wall Street, Bridgewater Associates, Milken Institute Asia Summit, Treasury, Fox Business Locations: Wall, Silicon, Singapore

☆ Ray Dalio says to hold cash 'temporarily' — but don’t buy debt and bonds
▼ + stars: | 2023-09-15 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Milken Institute Conference Bloomberg | Bloomberg | Getty ImagesAs concerns mount over rising interest rates and inflation levels, billionaire investor Ray Dalio says he prefers to hold cash for now, not bonds. "Temporarily, right now, cash I think is good … and the interest rates are fine. I don't think [it] will be sustained that way," Dalio told an audience at the Milken Institute Asia Summit in Singapore on Thursday. But the real problem comes when individuals or investors don't hold the bonds, because it comes as a supply-demand, one man's debts or another man's assets," he explained. Dalio cautioned that investors will sell their bonds if they are not receiving real interest rates that are high enough.

Persons: Ray Dalio, Dalio, Dalio's Organizations: Bridgewater Associates, Milken Institute, Bloomberg, Getty, Milken Institute Asia Summit, Treasury Locations: Singapore

☆ Supply chains moving out of China could create new winners in the Southeast Asian middle-class, says an official
▼ + stars: | 2023-09-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Global supply chains moving away from China is an opportunity for Southeast Asia, said one Malaysian minister. Southeast Asia countries could take the chance to attract manufacturing investments, he said. Liew Chin Tong, the deputy minister of investment, trade, and industry in Malaysia, thinks supply chains moving to other parts of Asia isn't exactly a bad thing. Liew's comments came amid intense global discussions on the future of supply chains following disruptions during the COVID-19 pandemic. Manufacturers are now allowing processes to have some breathing room in what's known as the "just-in-case" supply chain model because "they want resiliency" in the supply chains, Long added.

Persons: Liew Chin Tong, Liew, Liew's, Steven Long, Long, Donald Trump, Biden Organizations: Service, Milken Institute, Asia, Intel, Manufacturers, China Locations: China, Southeast Asia, Malaysian, Wall, Silicon, Malaysia, Asia, Milken Institute Asia, Singapore, Asia Pacific, Japan, Washington, Beijing

☆ Cash vs. stocks: The pros weigh in on where to invest for the rest of the year
▼ + stars: | 2023-09-15 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

"As cash yields remain elevated and inflation has cooled significantly from last year's levels, cash yields moved into positive territory on a real, inflation-adjusted basis after a few years of negative real yields," said Veronica Willis, global investment strategist at the firm. The pros weigh in on whether it's a good idea to stay in cash for the remainder of the year. Cash to 'outperform' stocks In a Sept. 7 note, Barclays said it believes cash will, in the fourth quarter, outperform stocks for a second straight quarter. So, for a second straight quarter, we prefer the company of cash over stocks and bonds," Barclays wrote, describing major asset classes as "still unattractive." "If short-term interest rates fall, short-term investments or cash investors will need to reinvest at a lower rate, reducing future returns.

Persons: it's, Veronica Willis, Cash, David Kostin, CNBC's, JPMorgan, Ray Dalio, Willis, Schroders, —, Balakrishner, Michael Bloom Organizations: U.S . Federal, Treasury, Fargo Investment Institute, Barclays, Billionaire, Bridgewater Associates, Milken Institute Asia Summit, Wells, Wells Fargo Investment Institute Locations: Fargo, U.S, Singapore, Wells Fargo

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