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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot a lot has changed despite Powell's comments on rate hikes, says New York Life's GoodwinLauren Goodwin, New York Life Investment Management, joins 'Closing Bell' to discuss the playbook after Jerome Powell's recent comments, if March's Fed meeting even matters, and Goodwin's thoughts on the credit markets.
Persons: Life's Goodwin Lauren Goodwin, Jerome Powell's Organizations: New York Life Investment Management, Fed Locations: New
BondBloxx is set to debut three new funds on Thursday: BBB Rated 1-5 Year Corporate Bond ETF (BBBS) , BBB Rated 5-10 Year Corporate Bond ETF (BBBI) and BBB Rated 10+ Year Corporate Bond ETF (BBBL). Bonds rated BBB or an equivalent are considered the last rung of investment grade credit. Tony Kelly, co-founder of BondBloxx, said BBB credit is the "not-so-secret sauce" for active managers trying to beat credit benchmarks. Of course, economic downturns are always a concern for corporate credit. This is not unusual for corporate bond funds since banks and other financial institutions issue a lot of short-term debt, but it does suggest that the funds could have some concentration risk.
Persons: Bonds, Rick Rieder, Tony Kelly, BondBloxx, Kelly, Lauren Goodwin, Goodwin Organizations: BBB, Corporate, New York Life Investments, Reserve Locations: BondBloxx
Indeed, investors get paid for taking a small step down in credit quality in the muni bond space. What's even sweeter is that municipal bond income is generally exempt from federal income tax. This also means high income investors would have to scoop up a higher yielding corporate bond to get the same tax-advantaged yield a muni bond would generate. A measured amount of risk Munis offer lower yields compared to their corporate counterparts, but they also carry significantly less risk. Lower risk, however, doesn't necessarily mean risk free.
Persons: Jennifer Johnston, Franklin Templeton, Lyle Fitterer, munis, corporates, Cooper Howard, Jonathan Mondillo, Franklin Templeton's Johnston Organizations: Federal Reserve, Franklin, AAA, muni, Strategic Municipal Bond Fund, York Life Investments, Moody's Investors Service, Charitable, Schwab Center, Financial Research Locations: muni, Abrdn
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Ritholtz's Josh Brown and New York Life Investments Lauren GoodwinJosh Brown, chief executive of Ritholtz Wealth Management, and Lauren Goodwin, New York Life Investments economist, join 'Closing Bell' to discuss the bullish sentiment, market value, and the rally's staying power.
Persons: Ritholtz's Josh Brown, Lauren Goodwin Josh Brown, Lauren Goodwin Organizations: New York, Ritholtz Wealth Management, New York Life Investments Locations: New York
Municipal bonds, favored for their tax-free income, are looking at a solid year in 2024 and could be a compelling purchase for investors hoping to lock in attractive yields. "We will likely see positive total returns," said Cooper Howard, fixed income strategist at the Schwab Center for Financial Research. "Munis are one of the best things going in the fixed income space," he said. It provides all the attributes of fixed income, and it serves as ballast to an overall diversified portfolio." Naturally, rates are on the minds of fixed income investors and strategists, as well as recession risk.
Persons: Cooper Howard, who've, Peter Higgins, Ben Barber, Schwab's Howard, Paul Malloy, It's, Beth Foos, Malloy, Howard, you've Organizations: Schwab Center, Financial Research, Morningstar U.S, Municipal, Shelton Capital Management, York Life Investments, Franklin, AAA, Vanguard, Bond, Morningstar Locations: New York , New Jersey, California
However, credit card balances are especially worrisome because they are going to keep getting worse. That means the average American could be spending $1,140 every year on credit card interest and fees alone. Americans have been accruing a lot of credit card debt at a terrible timeAccording to the Federal Reserve Bank of New York, Americans had nearly $1.1 trillion in credit card debt in the third quarter of this year. Credit card interest rates, which had already been at their highest level since the mid-1990s, started soaring even higher. But with credit card debt going through the roof, the blissful spending could come to a screeching halt.
Persons: couldn't, , Gary Coronado, LendingTree, Ted Rossman, Biden Organizations: Service, SoFi Bank, Federal Reserve, Federal Reserve Bank of New, Federal Reserve Board, Fed, New York, New York Fed, Consumer Financial, CNN, Household Economics Locations: WalletHub, Federal Reserve Bank of New York, delinquencies
Investors who hope to generate portfolio income while recession fears ramp higher can seek some safety in municipal bonds. Wells Fargo Investment Institute recently issued its fixed income guidance for 2024, forecasting "higher for longer" rates across the yield curve as the Federal Reserve remains vigilant to bring down inflation. Municipal bonds offer a combination of characteristics that appeal to investors: General obligation bonds are backed by the revenue of the municipality issuing them. "Going into a slowdown, you anticipate rates to fall," said Brian Rehling, head of global fixed income strategy at Wells Fargo Investment Institute. The top marginal income tax rate is 13.3% in California and well over 10% in New York and New Jersey.
Persons: Brian Rehling, Jennifer Johnston, Franklin Templeton, Johnston Organizations: Wells, Wells Fargo Investment Institute, Federal Reserve, Fargo Investment Institute, AAA, Muni Bond ETF, Vanguard, Bond, Fed, New York Life Investments, Investors, York State, Metropolitan Transportation Authority Locations: Wells Fargo, Fargo, New, California, New York, New Jersey, York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Jeremy Siegel, Lauren Goodwin and Jordan JacksonJeremy Siegel, Wharton School professor of finance, Lauren Goodwin, New York Life Investments economist, and Jordan Jackson, JPMorgan global market strategist, join 'Closing Bell' to discuss their outlook on the Fed, recession risks, and more.
Persons: Jeremy Siegel, Lauren Goodwin, Jordan Jackson Jeremy Siegel, Jordan Jackson Organizations: Wharton School, New York Life Investments, JPMorgan Locations: New York
Read the Supreme Court’s Ethics Rules
  + stars: | 2023-11-13 | by ( ) www.nytimes.com   time to read: +3 min
Judges, but adapted to the unique institutional setting of the Supreme Court. In many cases, however, these Canons are broadly worded general principles informing conduct, rather than specific rules requiring no exercise of judgment or discretion. This concern is heightened with respect to Canons applicable to Justices of the Supreme Court, given the often sharp disagreement concerning matters of great import that come before the Supreme Court. It instead is tailored to the Supreme Court's placement at the head of a branch of our tripartite governmental structure. The Supreme Court consists of nine Members who sit together.
Persons: Dick, Frankfurter, J, , Cheney, Scalia Organizations: U.S, . New, United, D.C Locations: ., . New York, Stmt, United States, Court
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is closer to a recession than markets think, says New York Life Investment's GoodwinLauren Goodwin, New York Life Investments economist, joins 'Closing Bell' 'Closing Bell' to discuss the current market rally and her market outlook.
Persons: Investment's Goodwin Lauren Goodwin Organizations: New York Life Investments Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with New York Life Investments' Lauren GoodwinLauren Goodwin, New York Life Investments economist, joins 'Closing Bell' 'Closing Bell' to discuss the current market rally and her market outlook.
Persons: Lauren Goodwin Lauren Goodwin Organizations: New York Life Investments Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with CIC Wealth's Malcolm Ethridge and New York Life Investments’ Lauren GoodwinMalcolm Ethridge, CIC Wealth Executive Vice President, and Lauren Goodwin, New York Life Investments economist, join 'Closing Bell' to discuss the tech trade as earnings show a mixed signal.
Persons: Malcolm Ethridge, ’ Lauren Goodwin Malcolm Ethridge, Lauren Goodwin Organizations: York Life, New York Life Investments Locations: New York
Wall Street's three major indexes opened higher but lost ground after a preliminary reading on U.S. consumer sentiment showed a sharp fall in October. The moves in bonds, equities and oil reflect worries about deteriorating consumer sentiment, the global economy and geopolitical conflict, she added. However, for the week the S&P 500 registered a 0.45% gain for its second weekly advance in a row. The S&P 500 Banks index (.SPXBK) pared gains as the day wore on to close up 0.6% after rising as much as 3.4% to a three-week high. The S&P 500 posted 12 new 52-week highs and 20 new lows; the Nasdaq Composite recorded 28 new highs and 335 new lows.
Persons: Brendan McDermid, Wells, Wall, Dow, Israel, Lauren Goodwin, Goodwin, Patrick Harker, Todd Vasos, Jeff Owen, advancers, Sinéad Carew, Shashwat Chauhan, Ankika Biswas, Shounak Dasgupta, Anil D'Silva, Shinjini Ganguli, Richard Chang Organizations: New York Stock Exchange, REUTERS, JPMorgan, Dow, Nasdaq, The United Nations, Treasury, New York Life Investments, Dow Jones, JPMorgan Chase, Citigroup, Federal Reserve Bank of Philadelphia, BlackRock, Dollar, Boeing, NYSE, Thomson Locations: New York City, U.S, Wells Fargo, Gaza, Israel, BLK.N, Bengaluru
Regional banks will be in focus in the week ahead as traders head into the thick of third-quarter earnings season. Regional bank earnings are also expected to be a weak point this season. But a closer look into the sector's sub-industries showed that regional banks are anticipated to have tumbled by 15% last quarter. Traders parsing through regional bank earnings will pay special attention to signs of narrowing net interest margins (NIM). Earnings season underway Many investors anticipate that the third-quarter earnings season will be alright.
Persons: Wells, Kumar, FactSet's John Butters, NIM, They'll, JPMorgan Chase, Jamie Dimon, Goldman Sachs, Morgan Stanley, FactSet's Butters, Nancy Tengler, Lauren Goodwin, we'll, Goodwin, Charles Schwab, Lockheed Martin, Goldman, Zions, Kinder Morgan, Lam, McLennan, Philip Morris, Huntington Bancshares, , Jesse Pound Organizations: Citigroup, JPMorgan Chase, Sri, Kumar, Silicon Valley Bank, Regional Banking, Dow Jones Industrial, JPMorgan, Hamas, Northern Trust, U.S . Bancorp, T Bank, Citizens Financial, Bank of America, Federal Reserve, Companies, Investments, New York Life Investments, Index, Johnson, Bank of New York Mellon, Goldman Sachs Group, Hunt Transport Services, Omnicom, United Airlines Wednesday, Housing, Elevance, Citizens Financial Group, Procter, Gamble, Abbott Laboratories, Discover Financial Services, Las Vegas Sands, PPG Industries, Steel Dynamics, Tesla, Netflix, Lam Research, Philadelphia Fed, Truist, Alaska Air Group, Fifth Third Bancorp, American Airlines Group, Marsh, Philip Morris International, Union, CSX, Comerica, Regions Financial, American Express, Interpublic, Cos Locations: Wells Fargo, Silicon, Ukraine, Israel, J.B, Las Vegas, Philadelphia, Truist Financial, Union Pacific, Freeport, Huntington
Tax-exempt income and relative safety are on sale for investors who are sniffing around municipal bonds. Tax-exempt income Interest income from municipal bonds is exempt from federal income tax — and can avoid state and local levies, too, if an investor and the bond issuer are in the same jurisdiction. This feature makes munis especially attractive to high-income investors in the 32% marginal federal income tax bracket and higher. Investors weighing a tax-exempt municipal bond against a corporate bond would do well to check out the tax equivalent yield. Schwab's Howard noted that the 5- to 7-year part of the municipal bond curve is favorable.
Persons: MUB, Nathan Will, Will, it's, Cooper Howard, Schwab's Howard, Shannon Saccocia Organizations: Federal Reserve, Muni Bond ETF, Vanguard, AAA, Bond, ., New York Life Investments, Schwab Center, Financial Research Locations: munis, muni
New York CNN —Anti-Defamation League CEO Jonathan Greenblatt slammed Corporate America’s response to the terror attacks on Israel as “disappointing at best, disastrous at worst.”“We have arguably the most vibrant commercial sector on the planet. Where were you when your Jewish employees needed you?” Greenblatt said of the CEOs. Greenblatt credited JPMorgan Chase CEO Jamie Dimon, Hewlett Packard Enterprise CEO Antonio Neri and other executives who condemned the terror attacks and pledged solidarity with the people of Israel. “In America, your Jewish employees are dealing with something that is qualitatively and quantitatively different than any time in living memory. “This is not just some far-off conflict – though that would be enough for CEOs to speak out,” Greenblatt said.
Persons: Jonathan Greenblatt, ” Greenblatt, , George Floyd, Izzat, Greenblatt, Chase, Jamie Dimon, Antonio Neri, ” Dimon, ” Kathryn Wylde, Martin Luther King, Jr, Organizations: New, New York CNN, Defamation, CNN, ADL, Israeli Defense Forces, Hamas, Wednesday, Hewlett Packard Enterprise, US Chamber of Commerce, Business, , World Trade, Partnership, Companies, Accenture, Adidas, Eagle, NASCAR, NBA, New York Locations: New York, Israel, Kfar Aza, Israeli, York, New York City, United States, France, United Kingdom
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with New York Life Investments' Goodwin and Charles Schwab's Liz Ann SondersLauren Goodwin, New York Life Investments economist, and Liz Ann Sonders, Charles Schwab chief investment strategist and managing director, join 'Closing Bell' to discuss a setup for a run in equities into year-end, what happens if rates move lower, and more.
Persons: Goodwin, Charles Schwab's Liz Ann Sonders Lauren Goodwin, Liz Ann Sonders, Charles Schwab Organizations: New York Life Investments Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquities will see an upside towards the end of the year: New York Life Investments' Lauren GoodwinLauren Goodwin, New York Life Investments economist, joins 'Closing Bell' to discuss a setup for a run in equities into year-end, what happens if rates move lower, and more.
Persons: Lauren Goodwin Lauren Goodwin Organizations: Life Investments, New York Life Investments Locations: New York
Traders work on the floor of the New York Stock Exchange during morning trading on May 30, 2023 in New York City. Stock futures were little changed in overnight trading as Wall Street looked ahead to Wednesday's producer price index. Futures tied to the Dow Jones Industrial Average were flat, along with those tied to the S&P 500 . Meanwhile, the yield on the benchmark 10-year Treasury yield fell nearly 13 basis points to about 4.65%. Wall Street will get another clue into the state of inflation Wednesday with September's producer price index report.
Persons: Dow, Lauren Goodwin, It's, we've, Joe Biden, Dow Jones Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Treasury, New York Life Investments, Hamas, PPI, Federal, Traders Locations: New York City, Israel, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Ritholtz's Josh Brown and Lauren GoodwinJosh Brown, CEO at Ritholtz Wealth Management, and Lauren Goodwin, New York Life Investments economist, join 'Closing Bell' to discuss the market's late-day rebound, rising oil prices, and more.
Persons: Ritholtz's Josh Brown, Lauren Goodwin Josh Brown, Lauren Goodwin Organizations: Ritholtz Wealth Management, New York Life Investments Locations: New York
Stocks stage late-day comeback amid September slump
  + stars: | 2023-09-27 | 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 EmailStocks stage late-day comeback amid September slumpJosh Brown, CEO at Ritholtz Wealth Management, and Lauren Goodwin, New York Life Investments economist, join 'Closing Bell' to discuss the market's late-day rebound, rising oil prices, and more.
Persons: Josh Brown, Lauren Goodwin Organizations: Ritholtz Wealth Management, New York Life Investments Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with New York Life Investment's Lauren Goodwin and Douglas C. Lane's Sarat SethiLauren Goodwin, New York Life Investments and Sarat Sethi, Douglas C. Lane, join 'Closing Bell' to discuss the Apple event, market outlook and the economy.
Persons: Investment's Lauren Goodwin, Douglas, Lane's Sarat Sethi Lauren Goodwin, Sarat Sethi Organizations: New York, New York Life Investments Locations: New York
Hybrid work continues to be the popular choice among employees. To help people find the best hybrid opportunities, FlexJobs identified the top 100 companies hiring for hybrid jobs in 2023. These companies had the highest number of hybrid job openings on FlexJobs in the last year, and are considered to be strong prospects for hybrid job seekers through at least the end of 2023. Here are the top 10 companies hiring for hybrid jobs in 2023, according to FlexJobs, along with the full list of the top 100 companies here. Other popular career fields for hybrid jobs are computer/IT, marketing and project management.
Persons: What's, FlexJobs, Robert Half, Kelly Lee Hecht Harrison, Aston, Toni Frana, Kelly, Robert, Lee Hecht Harrison Organizations: Meta, Deloitte, Financial, Elevance, Allied Irish Bank, AIB, Aston Carter Lincoln Financial, Robert Half International Locations: FlexJobs, York
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple faces big test in new iPhone 15 demand, says Douglas C. Lane's Sarat SethiLauren Goodwin, New York Life Investments and Sarat Sethi, Douglas C. Lane, join 'Closing Bell' to discuss the Apple event, market outlook and the economy.
Persons: Douglas C, Lane's Sarat Sethi Lauren Goodwin, Sarat Sethi, Douglas Organizations: Apple, New York Life Investments Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with JPMorgan's Gabriela Santos and New York Life Investments' Lauren GoodwinGabriela Santos, JPMorgan Asset Management global market strategist, and Lauren Goodwin, New York Life Investments economist, join 'Closing Bell' to discuss the bull market rally, earnings season, and what's next for the Fed and economy.
Persons: JPMorgan's Gabriela Santos, Lauren Goodwin Gabriela Santos, Lauren Goodwin, what's Organizations: New York Life Investments, JPMorgan Asset Management, Fed Locations: New York
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