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One thing that MotoGP has in its favor is its frequently raucous unpredictability, a far cry from the sometimes-processional nature of F1. Reigning double world champion Pecco Bagnaia agreed. What that documentary series delivered in spades was human drama, making household names out of F1’s competitors and their teams. Mirco Lazzari gp/Getty ImagesThree-time MotoGP world champion Wayne Rainey now runs the MotoAmerica series, which nurtures US motorcycle track talent, as well as King of the Baggers. We need entertainment, and now Baggers are here at MotoGP, strictly to help build the crowd, build the excitement, and in the end it’s about entertainment.”Wayne Rainey is a three-time MotoGP world champion.
Persons: COTA, ” Carlos Ezpeleta, Pecco Bagnaia, , , Dan Rossomondo, doesn’t, Rossomondo, , ’ ”, Marc Marquez, ” Marquez, Valentino, Rossi, Dani, Pedrosa, Jorge, Lorenzo, Casey, Stoner, Roland Sands, Jonathan Hawkins, Harley Davidson, Sands, “ You’ve, who’s, ” Sands, Viñales, ” Rossomondo, Lionel Messi, Valentino Rossi, Mirco Lazzari, Wayne Rainey, King, Wayne, Rainey, ” Wayne Rainey, Natalie Cardenas, Christopher, Silas, Jack, “ We’ve, Natalie, ” Christopher, Maverick Viñales, Pedro Acosta’s, Bastianini, you’ve, it’s Organizations: Texas CNN, Formula, Liberty Media, MotoGP, Liberty, CNN, One, Premier League, , Sprint, CNN Sport, Ducati, Maverick, Aprilia, MotoGP’s Locations: Austin, Texas, Austin , Texas, Americas, California, America, Italian, States, Spain, COTA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo reason for the Fed to cut if the economy is holding up at these higher rates: UBS' Jason DrahoJason Draho, UBS Global Wealth Management head of asset allocation Americas, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Wednesday.
Persons: Jason Draho Jason Draho Organizations: Fed, UBS, UBS Global Wealth Management
Talk to enough old-school investing types and you're bound to hear a classic aphorism come up again and again: There are no free lunches. For younger investors though, one thing comes close to the proverbial sandwich on the house, says Gargi Chaudhuri, chief investment and portfolio strategist, Americas, at BlackRock. You're never too young," she says. Start investing early to maximize returnsChaudhuri gets it if you're young and aren't yet thinking about retirement. If you're early on in your investing journey, you don't have to think about the ins and outs of life after working just yet.
Persons: they're, you'll, Gargi Chaudhuri, It's, Chaudhuri, you've Locations: Americas, BlackRock
Conflict in the Middle East escalated over the weekend as Iran launched drones and missiles at Israel, and traders braced for a response. Investors have already been on edge as of late amid climbing oil prices and recent economic data that shows inflation is remaining sticky. Rockier times could be ahead, too, noted Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute. Tax-loss harvesting involves selling losers in your taxable account and using these losses to offset realized gains within your portfolio. Extending duration involves adding exposure to bonds with greater price sensitivity to changes in rates.
Persons: Paul Christopher, Christopher, rebalancing, Gargi Pal Chaudhuri Organizations: Wells, Wells Fargo Investment Institute, Information Technology, Communications Services, BlackRock, Treasury Bond ETF Locations: Fresh, Iran, Israel, Wells Fargo, BlackRock
Plus, we'll show you how to access a free live stream worldwide. Feel free to bookmark our free MotoGP live stream guide; we'll keep it updated for every race this season. MotoGP live stream quick links USA: Max ($9.99)Max ($9.99) UK: TNT Sports (£30.99)TNT Sports (£30.99) Austria: ServusTV (FREE) - German and English options availableServusTV (FREE) - German and English options available Access free live stream from anywhere via ExpressVPNExpressVPN When: Sunday, April 14 at 3 p.m. ET / 8 p.m. BST / 3 a.m. AWST (Monday)Where to watch MotoGP in the USIn the US, Max will be the home of Round 3 MotoGP races. Shop at MaxWhere to watch MotoGP in AustriaMotoGP races stream for free through ServusTV in Austria.
Persons: you'll, Álex, we've, AWST, Max, HBO Max, it's, ExpressVPN Organizations: Business, Red Bull, Prix, Circuit, MotoGP, Monster Energy Yamaha MotoGP, Bull, The, TNT, HBO, Warner Bros, Austria MotoGP Locations: Americas, Austin , Texas, Spain, Austria, ServusTV
Morningstar Wealth's Marta Norton: Tech looks overvalued to us
  + stars: | 2024-04-12 | 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 EmailMorningstar Wealth's Marta Norton: Tech looks overvalued to usMarta Norton, Morningstar Wealth CIO for the Americas, joins ‘Squawk Box’ to discuss whether the Middle East conflict could impact the market, why she sees lots of opportunities in consumer staples, and more.
Persons: Morningstar, Marta Norton Organizations: Morningstar
Investors are stepping up bets against a broad collection of stocks as the broader market gets increasingly volatile following another hotter-than-expected March inflation report . Stocks sold off and Treasury yields jumped Wednesday when inflation was shown to be under less control than investors had counted on. Unfortunately, the latest economic numbers suggest no need for the Federal Reserve to take its foot off the interest rate brakes. B. Riley Financial is also seeing large short interest, amounting to almost 76% of its float. Other stocks with high short interest include ImmunityBio and Sunnova Energy.
Persons: Stocks, SunPower, Riley Organizations: Treasury, Bank of America, BMO Capital Markets, CNBC, Federal Reserve, Riley, Riley Financial, Securities and Exchange Commission, Nomura, Sunnova Energy
Carey Halio, Goldman Sachs' head of strategy and investor relations, is getting promoted to global treasurer at the bank, according to people familiar with the matter. She will report to Denis Coleman, Goldman Sachs' chief financial officer. Prior to running strategy and investor relations, Halio was the CEO of Goldman Sachs Bank USA and deputy treasurer of Goldman Sachs. Jehan Ilahi, who worked with Halio for years in strategy and investor relations, will become head of investor relations. Goldman Sachs is slated to report first-quarter earnings on Monday.
Persons: Carey Halio, Goldman Sachs, Denis Coleman, Philip Berlinski, Halio, Carey, David Solomon, Jehan Ilahi Organizations: Millennium Management, Financial Times, CNBC, Goldman Sachs Bank USA, Financial
IEI has a 30-day SEC yield of 4.26% and carries an expense ratio of 0.15%. BINC, which is actively managed, has a 30-day SEC yield of 5.6% and a net expense ratio of 0.4%. Investors can use ETFs to tackle that space: Vanguard's Intermediate-Term Corporate Bond ETF (VCIT) has a 30-day SEC yield of 5.33%. There's also the iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) , offering a 30-day SEC yield of 5.4%. Hunting dividend payers Higher rates have overshadowed opportunities among dividend-paying stocks, which look less attractive to income investors who can find risk-free yields easily.
Persons: it's, Michael Carbone, Carbone, Gargi Chaudhuri, Collin Martin, There's, Michael Clarfeld Organizations: Dow Jones, Traders, Federal, Treasury Bond ETF, SEC, Schwab Center, Financial Research, Corporate Locations: Chelmsford , Massachusetts, BlackRock, ClearBridge
Beth Hammack, a past treasurer and CEO of Goldman Sachs Bank USA, recently left after reportedly being passed over for the CFO job. April 11, 2024Carey Halio Named Global Treasurer of Goldman SachsI am pleased to announce that Carey Halio has been named global treasurer of Goldman Sachs and will become a member of the Management Committee. Previously, Carey was chief executive officer of Goldman Sachs Bank USA and deputy treasurer of Goldman Sachs. He first joined Goldman Sachs in 2006 in Investment Banking, where he advised US financial institutions on capital markets and regulatory capital issues. Please join us in congratulating Jehan on his new responsibilities, and in wishing him and the Investor Relations team continued success.
Persons: Goldman Sachs, Philip Berlinski, Berlinski, Goldman, Denis Coleman, Carey Halio, Halio, David Solomon, she'll, Jehan Ilahi, who's, Coleman, Russell Horwitz, Beth Hammack, Stephanie Cohen, Solomon, Horwitz, Carey, David, Jehan, Morgan, Denis Coleman Russell Horwitz Organizations: Financial Times, Goldman Sachs Bank USA, Business, BI, Street Journal, Goldman, Management, Investor Relations, Goldman Sachs Bank, Financial, Investment Banking, Equity Investor Relations, Banking Locations: New York
Introduced predators kill about 25 million native birds in New Zealand annually, with about 4,000 native species threatened or at risk of extinction, according to the DOC. Under the program, the government plans to eradicate rats, possums (a marsupial native to the Americas), weasels, ferrets — and the pesky stoat. Chalky Island and the neighboring Passage Islands have been predator-free since 1999 following the first ever stoat eradication campaign, according to the DOC. And for Fleming, the recent stoat incursion only underscores the importance of the Predator Free 2050 plan. “If we eradicate stoats from Aotearoa (New Zealand) completely we remove the costs of incursions, and our wildlife can thrive alongside us,” he said.
Persons: Rebecca Teele, , Aaron Fleming, Liu Yang, RNZ, , pesky, Carolyn M, King, hitlist, Stephan Morris, stoats, stoats ”, Fleming Organizations: CNN, country’s Department of Conservation, New, Zealand, New Zealand Taxpayers ’ Union, Southern, New Zealand, University of Waikato Locations: New Zealand, Fiordland, Eurasia, North America, , New, Americas, Aotearoa
Eaton and DuPont are both unconventional AI plays, as the data center market grows to meet the demands of the generative AI boom. Wells Fargo Investment Institute last month described rising data center demand as having positive "trickle-down effects" on the industrial sector. WFII wrote that spending from Big Tech firms into data centers, in particular, creates "meaningful downstream impacts" for industrial companies. Amazon Web Services is reportedly investing nearly $150 billion in data centers within the next 15 years to support AI efforts. During a Barclays investor conference in February, CFO Lori Koch said DuPont's data center and AI exposure will help boost the company's electronics business.
Persons: Eaton, Jensen Huang, Huang, chipmaker, Sameer Samana, WFII, Jim Cramer, Eaton's, DuPont, Lori Koch, Koch, Jim Cramer's Organizations: The, DuPont, Club, Nvidia, Wells, Wells Fargo Investment Institute, CNBC, Big Tech, , Microsoft, Services, McKinsey, workloads, Electrical, Management, Barclays, Wall Street, RBC Capital Markets, Eaton, RBC, U.S, De Nemours, DuPont's Electronics, Semiconductor Technologies, DuPont's Semiconductor Technologies, Jim Cramer's Charitable Locations: Wells Fargo, U.S, Eaton, China
A major U.S. bank and a legacy tech name were the focus of some of Tuesday's biggest analyst calls. The firm upgraded the apparel stock to overweight from neutral, and raised its price target to $31 per share from $26. The firm resumed coverage of the legacy tech company with an overweight rating and a $58 per share price target. He reiterated his $64 price target on the stock, implying upside of 10.7%. Additionally, he sees "greater risk to the achievement of our price target as the Fed rate cutting cycle begin."
Persons: Morgan Stanley, Matthew Boss, — Brian Evans, Goldman Sachs, Molson Coors Goldman Sachs, Molson, Molson Coors, Bonnie Herzog, Bud Light, Brian Evans, Goldman, Mark Delaney, Cisco, Morgan Stanley's, David Rochester, Fred Imbert Organizations: CNBC, Cisco Systems, JPMorgan, Eagle Outfitters JPMorgan, American Eagle Outfitters, Eagle Outfitters, Molson Coors, Molson, TAP, Tesla, Cisco, Wells Locations: U.S, Wells, Americas, EVs, Wells Fargo, 2H24, Rochester
The total solar eclipse visible on Monday over parts of Mexico, the United States and Canada was a perfect confluence of the sun and the moon in the sky. But it’s also the kind of event that comes with an expiration date: At some point in the distant future, Earth will experience its last total solar eclipse. That’s because the moon is drifting away from Earth, so our nearest celestial neighbor will one day, millions or even billions of years in the future, appear too small in the sky to completely obscure the sun. “We’ll only ever have annular eclipses,” said Noah Petro, a planetary scientist at NASA Goddard Space Flight Center, referring to “ring of fire” eclipses like the one that crossed the Americas in October. But putting an exact date on Earth’s final total solar eclipse is a serious computational challenge involving a variety of scientific disciplines.
Persons: it’s, We’ll, , Noah Petro Organizations: NASA Goddard Space Flight Locations: Mexico, United States, Canada, Americas
Oil prices turn higher as Middle East ceasefire hopes wane
  + stars: | 2024-04-09 | by ( ) www.cnbc.com   time to read: +2 min
Active pump jacks increase pressure to draw oil toward the surface at the South Belridge Oil Field on Feb. 26, 2022, in unincorporated Kern County, California. Oil prices rose in early Asian trading after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza and ease tension in the Middle East. Brent crude futures rose 40 cents to $90.78 a barrel by 0032 GMT. U.S. West Texas Intermediate (WTI) crude rose 35 cents to $86.78. The market is continuing to weigh the risk of a disruption to oil supply.
Persons: Brent, Benjamin Netanyahu, Tony Sycamore, Pemex Organizations: Brent, . West Texas, IG, ANZ Locations: Kern County , California, Israel, Gaza, Cairo, Rafah, Syria, Tehran, Damascus, U.S, China, Americas, Europe
Elon Musk's deposition from a lawsuit alleging he falsely boosted a conspiracy theory was released. In the deposition, Musk said he might have financially impaired X more than helping it. AdvertisementA deposition that Elon Musk's lawyer fought to keep from the public eye was released on Monday. AdvertisementMusk said during his deposition that he'd used the alternate account for testing, but it was no longer in use. "I briefly used this as a test account," Musk said.
Persons: Elon, HuffPost, Musk, , Elon Musk's, Ben Brody, Brody, Musk's, Bankston, Walter Isaacson's, Isaacson, he'd, Grimes, Elon Musk, CHANDAN KHANNA, X, — Elon, who'd, Alex Spiro Organizations: Service, Nazi, Rose City Nationalists, Fidelity, SpaceX, Circuit, Sun Locations: Americas, Austin , Texas
Investors looking for high-quality income, as well as a bargain, should turn to agency mortgage-backed securities, according to UBS. Agency MBS are debt obligations backed by the government and are issued by agencies such as Fannie Mae, Freddie Mac and Ginnie Mae. However, agency MBS lagged their higher-quality counterparts because they are highly correlated to interest rate volatility, she said. As gross domestic product slowly trends lower, the market will become more comfortable with the likelihood of the Fed cutting rates, Falconio said. Banks, which have been investing excess deposits in Treasurys, will be among those turning to agency MBS, Falconio said.
Persons: Leslie Falconio, Fannie Mae, Freddie Mac, Ginnie Mae, Falconio, Janus Henderson, Banks Organizations: UBS, CNBC, Agency MBS, Federal Reserve, MBS, SEC, Securities ETF Locations: UBS Americas, Treasurys
Mounting geopolitical tensions stemming from conflict in the Middle East and Eastern Europe have helped drive oil prices to five month highs, challenging the Federal Reserve's fight against inflation. U.S. crude oil gained 4.5% this week, touching $87 a barrel on Friday before settling at $86.91. Rising energy prices may affect the timing or magnitude of interest rate cuts, he said. The Federal Reserve is focused on bringing down core inflation, which excludes volatile energy and food prices. Escalating attacks are coming against a backdrop of an already tightening global crude market.
Persons: Brent, Bart Melek, Andy Lipow, Lipow, Bob Yawger, Yawger, Netanyahu, Manish Raj, White, Biden, John Kilduff, Kilduff, Melek, Saudi Arabia doesn't Organizations: Federal, American Automobile Association, West Texas, TD Securities, Lipow Oil Associates, Mizuho Americas, Valero, Philips, Marathon Petroleum, Velandera Energy Partners, Kyiv, JPMorgan, Financial Times, Again Capital, Bank of America, Saudi Locations: East, Eastern Europe, Iran, Israel, Ukraine, Damascus, Kyiv, Ukrainian, Russia, Saudi Arabia
Three major airlines, American, Delta, and United, offer similar captain base pay of up to $447 an hour. AdvertisementCommercial-airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. These pilots earn hundreds of dollars for every hour of flight time, with pay increasing with every year of seniority. These hours pay the same rate and have guaranteed minimums of 70 to 75 hours, depending on the airline, according to the Air Line Pilots Association. Related storiesHere's a breakdown of the base pay pilots at American, Delta, and United earn per hour of payable time, according to contracts sent to Business Insider from the airline or its union.
Persons: , Tim Boyle, ALPA, Nicolas Economou Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, Airline, Getty, Air Line Pilots Association, Business, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia
"We believe the recent back up in rates is probably the last best opportunity to extend duration," wrote Gargi Pal Chaudhuri, chief investment and portfolio strategist, Americas, at BlackRock. Generally speaking, the value of a bond goes up as interest rates go down, with longer-dated bonds seeing the biggest gains. While bond funds have been seeing inflows this year, there are still plenty of investors with excess cash in short-term accounts. Different funds that offer that type of exposure include the iShares 3-7 Year Treasury Bond ETF (IEI) , the SPDR Portfolio Intermediate Term Treasury ETF (SPTI) and the Vanguard Intermediate-Term Treasury ETF (VGIT) . Investors shouldn't go overboard with adding duration, because the long-term bonds on the market carry extra risk, Akullian said.
Persons: BlackRock's, Gargi Pal Chaudhuri, Kristy Akullian, It's, Akullian, Investors shouldn't Organizations: Treasury, Federal, Investment Company Institute, BlackRock, CNBC, Treasury Bond ETF, Research, Investors Locations: Americas, BlackRock, US10Y
Goldman Sachs partner Brian Robinson at 200 West Street. The sign that Goldman Sachs partner Brian Robinson created. Robinson's mission to revamp leadership — from his high C's to neon sign creations — appears to be rubbing off on clients and colleagues alike. He is currently making one for a Goldman partner with a fifth-floor office who asked for a customized sign to hang in that workspace, he said. The goal, he said, is for the signs to stand on the walls of Goldman Sachs "for years and decades to come."
Persons: Goldman Sachs, Brian Robinson, Goldman, Robinson, It's, Robinson —, David Solomon, John Waldron, Robinson's, , He's, he's, Carlyle Organizations: Service, Wall Street, Business, Wall, Deutsche Bank Locations: Americas, Manhattan, London, New York
Recent pay raises have made commercial airline pilots some of the highest-paid workers in the US. The 3 major airlines, American, Delta, and United, all offer similar base pay for captains of up to $447 per hour. AdvertisementCommercial airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. Airline pilots at Delta and United have gotten heft profit-sharing in recent years. These hours pay the same rate and have guaranteed minimums of 70-75 hours, depending on the airline, according to the Air Line Pilots Association.
Persons: , Tim Boyle, ALPA, Nicolas Economou, widebodies, Boeing narrowbodies Organizations: Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, United, Airline, Getty, Air Line Pilots Association, BI, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia, widebodies
Job growth is expected to come in at 200,000 for the period, according to the Dow Jones consensus forecast. That will be just one of several key areas in focus when the report is released at 8:30 a.m. The job market's resilience has confounded many economists who spent the past two years searching for a jobs-led recession that never happened. Household employment, which counts individual workers rather than total jobs and is used to calculate the unemployment rate, has fallen by nearly 1 million since November. The survey is more volatile and uses a much smaller sample than the establishment count that yields the headline payrolls growth total.
Persons: Timothy Aeppel, nonfarm payrolls, Dow, Dan North, Goldman Sachs, Luke Tilley, Stocks Organizations: Labor Department, Allianz Trade, Wilmington Trust Locations: Oxnard , California, Wilmington
Read previewGoldman Sachs analysts kicked off the new month and quarter by revealing their favorite investing ideas. AdvertisementHow to successfully select stocksThe directors' cut list consists of 20 to 25 stocks beloved by Goldman's research analysts. But a promising outlook alone isn't enough to make the directors' cut list. Kron and company also look for stocks that Goldman Sachs analysts are more bullish about than their peers are. AdvertisementBelow are the 22 companies on the "directors' cut" version of Goldman Sachs' US conviction stock list.
Persons: , Goldman Sachs, Steven Kron, Kron, Chris Hussey, John Marshall, Stocks Organizations: Service, Business, Goldman, Citigroup, Royal Caribbean Cruises, TPG, Blue Owl, TE, Chevron
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're in a 'high for longer' rate environment right now, says JPMorgan's Gabriela SantosGabriela Santos, JPMorgan Asset Management chief markets strategist for the Americas, joins 'Squawk Box' to discuss the latest market trends, state of the economy, Treasury yields, the Fed's interest rate outlook, and more.
Persons: JPMorgan's Gabriela Santos Gabriela Santos Organizations: JPMorgan Asset Management
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