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☆ James Abate's stock fund has nearly doubled its benchmark over 3 tumultuous years. Here's how he says investors should get ready for potential black swan events that could shape 2023.
▼ + stars: | 2023-02-07 | by ( Marley Jay | Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

Kiplinger rates the fund as the best US large-company stock fund from 2020 to 2022. That's not the most encouraging backdrop for stocks, especially since Abate said investors will be less comfortable taking big risks. He added that while the beginning of 2023 has been the opposite of 2022, that's not going to last. For the first black swan, Abate pointed towards the escalation of the Russian-Ukraine crisis, including the recent increase in air defense activity, ground troops, and the shipment of armored vehicles, tanks, and fighter aircraft. As for the second black swan, Abate also highlighted the Japanese government's "unprecedented" and "unsustainable" buying of the yen to boost the currency against others like the dollar.

☆ You can rent out Daphne and Harper's Sicilian villa from 'The White Lotus' for around $6,000 per night on Airbnb
▼ + stars: | 2023-01-20 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

The Villa Tasca is available for around $6,000 per night with a three-night minimum on Airbnb. The Villa Tasca has inspired famous opera composers, according to its website. The Villa Tasca grounds include a 20-acre garden and citrus grove. Courtesy of the Airbnb Photographer CommunityIn "The White Lotus," the villa is located in the town of Noto, known for its baroque architecture. But the Villa Tasca actually is located in Palermo, Sicily's capital and where other tragic storylines in season 2 take place.

☆ Photos from space show 11,000 beavers are wreaking havoc on the Alaskan tundra as savagely as wildfire
▼ + stars: | 2023-01-03 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Beavers are invading Alaska's Arctic tundra as it warms, transforming the landscape like wildfire. As the Arctic tundra warms, woody plants are growing along its rivers and streams, creating perfect habitats for beavers. The beaver ponds create lush oases that could increase biodiversity, but they also play a role in accelerating the climate crisis. All in all, satellites reveal more than 11,000 beaver ponds have appeared across the tundra. Environmental Research Letters/Imagery © DigitalGlobe"All of western Alaska is now really densely populated with beaver ponds," Tape said.

☆ Morgan Stanley upgrades United Airlines, says 2023 could be 'goldilocks' year for airline
▼ + stars: | 2022-12-05 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to buy shares of United Airlines , which could soar more than 50% next year, according to Morgan Stanley. Analyst Ravi Shanker upgraded shares of United Airlines to overweight from equal weight, saying that 2023 could be a "goldilocks" year for the airline. Leisure demand will remain strong, while corporate travel is expected to return to and exceed prepandemic levels in early 2023, according to the analyst. All this means that the risk-reward for airlines is attractive, even in the face of continued recessionary concerns. Shares of United Airlines are up slightly in 2022.

☆ Sam Bankman-Fried was 'delusional' about how FTX collapsed and the culpability he deserves, Mike Novogratz says
▼ + stars: | 2022-12-01 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried is "delusional" about the downfall of FTX and his level of culpability in it, Mike Novogratz said. At the DealBook Summit, Bankman-Fried tried to deny having any knowledge of what was happening in his crypto empire. But while speaking to CNBC on Thursday, Novogratz wasn't buying any of it. Sam was delusional about what happened and his culpability in it," the Galaxy Investment Partners chief executive said. "They perpetuated a large fraud and it wasn't just Sam," Novogratz said.

☆ Lewitinn: Crypto is a flock of "black swans"
▼ + stars: | 2022-11-14 | 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 EmailLewitinn: Crypto is a flock of "black swans"Lawrence Lewitinn of CoinDesk discusses the fallout from the collapse of FTX, and how so many smart money investors missed the problems at the crypto exchange.

☆ 5G-enabled farms could ward off food insecurity and unlock $100 billion in global profits by 2030
▼ + stars: | 2022-11-10 | by ( Clara Mcmichael | ) www.businessinsider.com time to read: +6 min

There lies Swans Trail Farms, a family-owned operation that focuses on agritourism and events with apple orchards, a corn maze, a pumpkin patch, and strawberry fields. Swans Trail FarmsSnohomish County and the 5G Open Innovation Lab launched sites to pilot 5G-enabled agricultural tech on two farms— Swans Trail and Andrew's Hay. CARES Act funding for the initiative dried up last year, but the 5G Open Innovation Lab continues to fund the project. The 5G Open Innovation Lab and Innov8.ag are working to expand to eastern Washington, an area of the state that's more agricultural. We've had our hiccups," Jim Brisimitzis, the head of the 5G Open Innovation Lab, said.

☆ Emmanuel the TikTok-famous emu doesn't have bird flu, caretaker says
▼ + stars: | 2022-10-25 | by ( Angela Yang | Angela Yang Is An Intern For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Emmanuel the emu, who caused hysteria online last week when his caretaker suggested he might have contracted the highly contagious bird flu, is OK. It turns out Emmanuel became ill from stress, his caretaker, Taylor Blake, said in a lengthy Twitter update over the weekend. "Emmanuel Todd Lopez tested negative for Avian Influenza at 2 separate labs, swab, fecal and blood," Blake tweeted. Taylor Blake and Emmanuel the emu of Knuckle Bump Farms. "We believe this all stemmed from stress," Blake tweeted.

"Look we all love Emmanuel the Emu but he has avian flu. Avian flu experts, too, said touching an infected emu isn't advisable, given that the virus can jump from animals to humans in rare cases. H5N1, the bird flu strain currently spreading, is highly contagious among birds, and it can be deadly to them. "Once an avian virus can move to mammals, now we’re in the realm of 'Yeah, we better be careful.'" All three experts said scientists are watching this bird flu closely even though the risk to humans is low.

☆ Handicapping whether the stock market is at a turning point after Thursday's upside reversal
▼ + stars: | 2022-10-15 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

We can at least run through what we know about this market and how market cycles tend to unfold more generally. Fewer individual S & P 500 stocks made a new 52-week low than in mid-June even as the index itself undercut the June low, a modest positive glimmer. The prior extreme lows on this chart were near noteworthy market lows, if not always right at them. The Stock Trader's Almanac notes that of the 23 S & P 500 bear markets since World War II, seven ended in October. The S & P 500 has failed in four tries of since late August even to get above the short-term 20-day moving average, most recently on Friday.

☆ Superfast 5G Gadgets Are Off to a Slow Start
▼ + stars: | 2022-10-14 | by ( Asa Fitch | ) www.wsj.com time to read: 1 min

One of many 5G soil-moisture probes throughout the apple orchards of Swans Trail Farms in Snohomish, Wash. It was one of 5G’s big selling points: millions of always-connected internet-of-things devices exchanging data wirelessly at lightning speed, revolutionizing the portability of everything from augmented-reality goggles to surveillance cameras. Several years into the 5G rollout, the internet-of-things boom largely hasn’t happened. There were about 4.4 million 5G-connected internet-of-things devices in the U.S. in 2021, according to analysis firm International Data Corp.—a sizable number but a drop in the bucket compared with the nearly 100 million smartphones capable of 5G.

☆ Rouble hits over 2-month high vs dollar, Russian stocks stutter
▼ + stars: | 2022-09-29 | by ( Alexander Marrow | ) www.reuters.com time to read: +4 min

By 1217 GMT, the rouble was 0.9% stronger against the dollar at 57.00 , earlier hitting 56.5450, its strongest point since July 22. "For now, the rouble is supported by fears that new sanctions from the West could paralyse dollar trading in Russia," said Alor Broker in a note. STOCKS RECOVERY STUTTERSBCS Global Markets said geopolitical risks should prohibit any major leg up for Russian stock indexes, which pared early gains. The rouble-based MOEX Russian index (.IMOEX) was 1.4% lower at 1,936.0 points, heading back towards February lows hit on Monday. "In the coming days, the Russian market should trade in a narrow band - investors are likely to sit on the fence hoping for more clarity," BCS said.

☆ JPMorgan's Erdoes: In this turbulent market, there are opportunities everywhere
▼ + stars: | 2022-09-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

watch nowIn this turbulent market, opportunities abound, according to JPMorgan's Mary Callahan Erdoes. Stocks have been trading in a bear market this year as investors navigate inflation, Federal Reserve interest rate hikes and talk of a potential recession. A black swan is an unexpected event that results in panicked selling, while a white swan is a predictable crisis that can be addressed. Specifically, Erdoes sees a tremendous amount of opportunity in China, although she admits the country's complex market might not be for everyone. On Wednesday, the Bank of England purchased U.K. bonds in an effort to calm the market chaos.

☆ Stanley Druckenmiller sees 'hard landing' in 2023 with a possible deeper recession than many expect
▼ + stars: | 2022-09-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"Our central case is a hard landing by the end of '23," Druckenmiller said at CNBC's Delivering Alpha Investor Summit in New York City Wednesday. I don't know the timing but certainly by the end of '23. Druckenmiller believes the extraordinary quantitative easing and zero interest rates over the past decade created an asset bubble. "All those factors that cause a bull market, they're not only stopping, they're reversing every one of them," Druckenmiller said. To me, the risk reward of owning assets doesn't make a lot of sense," Druckenmiller said.

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