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☆ Where are China's ultra-rich parking their wealth amid a slowing economy?
▼ + stars: | 2024-07-30 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +5 min

At a time when China's economy is facing headwinds, and growth has been slowing, where are the Chinese ultra-rich, whose numbers are expected to swell to 144,897 by 2028 from 98,551 in 2023, parking their wealth? However, the country's high-end property market remains a favored asset. Luxury real estate"There has been a noticeable increase in transactions within Shanghai's luxury real estate sector," said James Macdonald, head of China research at global real estate firm Savills, attributing it to a recent policy easing by the government. That said, China's luxury real estate market is still primarily concentrated in the core areas of first-tier cities, said Li. Other local investment classes, such as the wider property market and China-listed stocks are not as popular among the ultra rich, experts told CNBC.

Persons: Weiquan Lin, Frank, James Macdonald, Savills, Stephen Pau, Sam Xie, CBRE's, Xie, Arbour, Tian Di, Knight Frank Head of, Pacific Research Christine Li, Li, Nick Xiao, Xiao, Yongyuan Dai, Pau, defensiveness Organizations: CNBC, Pacific Research, Overseas, Domestic Institutional Investors, Domestic Limited, Hywin Locations: China, Shanghai, Lujiazui, Knight Frank Head of Asia, Pacific, Hong Kong, Yongyuan, Pau

☆ 3 non-tech sectors ripe for AI monetization, according to $85 billion Wealth Enhancement Group
▼ + stars: | 2024-07-30 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

So far, most of the AI winners have been confined to players further up the value chain, such as data center providers and semiconductor chip producers at the backbone of AI technology. As the buildout phase of AI matures, investors are looking further down the value chain for monetization opportunities, whether it be for consumers or businesses. Ayako Yoshioka, senior portfolio manager at Wealth Enhancement Group, sees three parts of the market that could see profit enhancements from the adoption of AI. 3 non-tech AI opportunitiesThere's significant potential for the healthcare sector to reap the benefits of AI. Large banks like JP Morgan and Goldman Sachs also use AI to comb through and sort large quantities of historical financial data, facilitate financial research, and provide investment advice.

Persons: —, Ayako Yoshioka, Yoshioka, JP Morgan, Goldman Sachs, They're, That's Organizations: Service, Big Tech, Business, Google, Security, Visa, Mastercard, Healthcare, Trust Nasdaq

☆ How VC Stephen Hays scraped his life off rock bottom after addiction and a bipolar diagnosis to tackle mental health stigma
▼ + stars: | 2024-07-29 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +10 min

Some parents had voiced concerns about Hays' "background," he told Business Insider. In 2020, he started What If Ventures, a venture firm focused on investing in mental health startups. Hays's new public persona as a staunch mental health advocate also puts a certain pressure on him to perform his recovery — "and I hate that," he said. He wants to show people struggling with their own mental health that working to get well is good enough. Advertisement"I don't just want to destigmatize addiction and mental health issues — I want to destigmatize the journey of getting better," he said.

Persons: —, Stephen Hays, Hays, couldn't, didn't, They'd, it's, Christine, he'd, Amit Etkin, Etkin, he'll, that's, Stephen, Christopher Kim, Kim, Hays doesn't, It's Organizations: Service, Little League baseball, Business, Neuroscience, Ventures, West, Space Ventures, Atlantic City, Magazine, Deep Space Ventures, Alto Neuroscience, BI, Argosy Strategic Partners, Argosy Locations: Dallas, Texas, Atlantic, Las Vegas, Colorado, Wickenburg , Arizona

☆ Stocks are due to take a rest after a furious bull run, Bank of America says. 4 reasons that's a good buying opportunity.
▼ + stars: | 2024-07-29 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

According to Bank of America, the most recent market pullback is a symptom of a "buffalo" market. Related stories"A buffalo market is still in the bull family," McGregor said. She expects that the buffalo market will roam around this summer before stabilizing into a bull market later this year. "We're expecting this earnings growth story to broaden beyond the Magnificent Seven in tech in the coming quarters." Bank of America believes small-caps could lead the stock market for the next ten years if interest rates come down and remain favorable.

Persons: —, Marci McGregor, we've, McGregor, We're, Russell Organizations: Service, Nasdaq, Bank of America, Business, Energy, Vanguard Health Care Locations: Buffalo

☆ ECB President Christine Lagarde on the economic impact of the Olympics
▼ + stars: | 2024-07-29 | 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 EmailECB President Christine Lagarde on the economic impact of the OlympicsEuropean Central Bank president Christine Lagarde joins 'Squawk Box' to discuss lessons from the Paris Olympics, the economic impact of the Olympic games, and more.

Persons: Christine Lagarde Organizations: Olympics European Central Bank, Paris Olympics

☆ ECB President Christine Lagarde on sports background, lessons from swimming and journey to finance
▼ + stars: | 2024-07-29 | 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 EmailECB President Christine Lagarde on sports background, lessons from swimming and journey to financeEuropean Central Bank president Christine Lagarde joins 'Squawk Box' to discuss her sports background, her history as a competitive artistic swimmer, lessons from swimming, and more.

Persons: Christine Lagarde Organizations: European Central Bank

We've compiled a comprehensive guide on where to watch Emmy-nominated shows, including series from the outstanding drama and comedy categories. With Succession over and out of the running, the best drama series category has opened up for a new potential champion. Slow HorsesWhile Apple TV+ shows often fly under the radar, three programs snagged best series nominations across both drama and categories this year. 3 Body Problem received six nominations, including Outstanding Drama Series and five technical categories. Reservation DogsThe punchy and poignant Reservation Dogs finally picked up an Outstanding Comedy nomination in its third and final season.

Persons: it's, We've, Ted Lasso, Hulu, Max, Fflyn Edwards, Elizabeth Debicki, Rufus Kampa, Daniel Escale, Netflix's Queen Elizabeth II, Princess Diana's, Imelda Staunton, Walton Goggins, Downton, Carrie Coon, Christine Baranski, Reese Witherspoon, Jennifer Aniston's, Witherspoon, Aniston, Smith Donald Glover's, Smith ., Francesca Sloane, Glover, Maya Erskine, Erskine, James Clavell, Gary Oldman, Liu Cixin's, Quinta Brunson, Tyler James Williams, Gilles Mingasson Abbott, Jeremy Allen White, Ayo, Larry David's, David, Jean Smart, Hannah Einbinder, Steve Martin, Martin Short, Selena Gomez, Meryl Streep, Kristen Wiig's, Carol Burnett, Laura Dern, Ricky Martin, D'Pharaoh Woon, Matt Berry Organizations: Business, Netflix, Apple, The, Downton Abbey, Hulu, ABC, Abbott, FX Locations: Palm, York, America, Atlanta, British intelligence's, Philadelphia, Chicago, Vegas, Hulu, Beach, Oklahoma, California, Staten

☆ 3 reasons why US manufacturing is coming back— and how to invest in a reindustrializing economy
▼ + stars: | 2024-07-28 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

AdvertisementAccording to Osterweis, investors should expect increased cyclicality going forward. Now, with increased investment in AI and several initiatives to revitalize domestic manufacturing, Osterweis believes the US could see a return to shorter expansion periods. AdvertisementInvestors can buckle up for more frequent economic fluctuations by increasing their concentration in quality growth equities. Investing in quality growth businesses not only drives strong returns but also protects against the ups and downs of business cycles. Osterweis also sees AI as a sustainable trend and recommends investors continue holding semiconductor companies.

Persons: —, John Osterweis, Goldman Sachs, Management Offshoring, Osterweis Organizations: Service, Business, Capital Management, Osterweis, Infrastructure Investment, Jobs, Bank of America, Companies, Big Tech, Microsoft, Management, Nvidia, VanEck Semiconductor, Trust Nasdaq Semiconductor Locations: Rust, Mexico, China, East Asia, reindustrialization

☆ The 3 Biggest Mistakes You Can Make With Your 401(k)
▼ + stars: | 2024-07-27 | by ( Diane Harris | ) www.nytimes.com time to read: +1 min

In a surprising turn, given the usual grim reports about how little most Americans have saved for retirement, there’s been a spate of good news lately about 401(k) investors. Yes, the median shot up an impressive 29 percent in 2023, but the typical account was still worth just over $35,000 by year end, Vanguard reports. Other signs of stress: A record number of savers withdrew money early, and the percentage taking out loans rose too. All told, despite the surface optimism about retirement savings, six in 10 investors told BlackRock they still worry they’ll outlive their money. “The rising tide for retirement savers has not lifted all boats,” said Christine Benz, director of personal finance and retirement planning at Morningstar.

Persons: there’s, they’ll, ”, Christine Benz Organizations: Vanguard, BlackRock, Morningstar

☆ Roland Dumas Dies at 101; French Foreign Minister Tainted by Scandal
▼ + stars: | 2024-07-26 | by ( Adam Nossiter | ) www.nytimes.com time to read: +1 min

Roland Dumas, a former French foreign minister, agile political fixer and star defense lawyer whose taste for living large proved his undoing, died on July 3 in Paris. The office of President Emmanuel Macron of France announced his death in a statement, which did not specify a cause. A longtime confidant of François Mitterrand, the Socialist former president, Mr. Dumas was one of the highest-profile officials in France for two decades. Mr. Dumas avoided jail, but his conviction, which was eventually overturned, ended his career. He had already been forced to resign from the presidency of the Constitutional Council, France’s highest appeals body.

Persons: Roland Dumas, Emmanuel Macron, François Mitterrand, Dumas, Picasso, Braque, Chagall, Saint Louis, Christine Deviers Organizations: Socialist, Constitutional Council, Republic Locations: Paris, France, Saint

Ms. Harris was receiving 93 percent support from Democrats, the same share that Mr. Trump was getting from Republicans. Overall, Mr. Trump leads Ms. Harris 48 percent to 47 percent among likely voters in a head-to-head match. Mr. Trump leads Ms. Harris 48 percent to 46 percent among registered voters. The country’s view of Ms. Harris has also brightened, with her favorable rating rising by 10 percentage points since February. In a multicandidate race, less than a single percentage point separated Mr. Trump and Ms. Harris, with Ms. Harris at 44 percent and Mr. Trump at 43 percent after rounding.

Persons: Kamala Harris, Donald Trump, Donald J, Trump, Biden, Harris, Nate Cohn, Mr, Erin Schaff, Harris’s, JD Vance, Ohio, “, ”, Summer Nesbitt, Nesbitt, Biden’s, Trump’s, … Donald Trump, Joe Biden, Harris —, don’t, Eddie Otzoy, Hillary Clinton, Michael Newman, —, Robert F, Kennedy Jr, ” Harris Trump, Christine Zhang Organizations: New York Times, Siena College, Democratic Party, Democratic, Mr, Republicans, Times, Credit, The New York Times, Sun, Republican National Convention, Trump, Siena, “, Democrats Locations: Siena, Atlanta, Nevada , Arizona, Georgia, Detroit, Pennsylvania, Los Angeles, Arlington , Texas

☆ I run a preschool and see how gentle parenting has made parents less engaged with their kids. It's time to ditch parenting scripts.
▼ + stars: | 2024-07-25 | by ( Christine Carrig | ) www.businessinsider.com time to read: +5 min

I now realize this mother was an early adopter of parenting scripts, something I had never heard of at the time, though they have now become ubiquitous. AdvertisementWords matter when talking to kidsThe spoken message behind parenting scripts is that parents can optimize how they speak to children, supporting their children's development and validating their feelings. The unspoken message behind parenting scripts is that much of parents' reflexive language toward their children is pernicious. Children need their parents to be congruent in their interactions, even if they might misspeak from time to time. Parents need to trust that, at the end of the day, their hearts are in the right place — so much so that they may even want to speak from it.

Persons: would've Organizations: Service, Business

☆ 3 reasons to invest in America's crumbling infrastructure instead of flashy AI winners, and the 2 cheapest sectors right now: BofA
▼ + stars: | 2024-07-25 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Traditional infrastructure might not seem as sexy as the newer AI data centers, but Bank of America believes traditional infrastructure has stronger growth prospects than AI infrastructure. The heavy focus on technology and AI has resulted in investors overlooking traditional infrastructure investment. Invest in industrials and materialsIn particular, Bank of America identified the industrials and materials sectors as the best investment opportunity within traditional infrastructure. The industrials sector trades at a relative forward PE of 0.98, and materials trades at 0.92. AdvertisementSome specific industries within those sectors are especially undervalued, such as construction materials and metals & mining.

Persons: —, there's, Savita Subramanian, it's, Reshoring Organizations: Service, Big Tech, American Society of Civil Engineers, Business, Bank of, Bank of America Government, Bank of America, Bank, Invest, Industrial Locations: North America, industrials

☆ Bank of America's biggest clients are selling individual stocks and plowing money into ETFs in these 7 sectors instead
▼ + stars: | 2024-07-25 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

AdvertisementETF enthusiasmInstead of single stocks, clients across the board are putting their money into ETFs. Bank of AmericaEven though clients sold off individual small-cap stocks, they're not shying away from that size segment of the market at all. Clients invested more money in small-cap ETFs than large-cap ones, providing small-caps with the biggest boost since May of this year. Similarly, while individual tech stocks experienced a sell-off, tech ETFs saw the largest capital inflow out of all sectors last week. Small-cap ETFs include Vanguard Small-Cap Index (VSCIX) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

Persons: —, Jill Carey, Goldman Sachs Organizations: Service, Bank of America's, Bank of America, Equity, Business, JPMorgan, Citigroup, Big Tech, Health, Bank of America Investors, Communication, Fidelity MSCI Information Tech, NYSE Technology, Vanguard Infomation Technology, Vanguard

☆ Travelers Delayed or Stuck by the CrowdStrike Outage: What Did Your Airline Provide?
▼ + stars: | 2024-07-23 | by ( Christine Chung | More About Christine Chung | ) www.nytimes.com time to read: +1 min

If you were flying — or planned to fly — last week, your travel plans might have been snarled by an I.T. outage that kneecapped myriad industries and critical services worldwide. On Friday, July 19, alone, nearly 14 percent of the scheduled flights in the United States were canceled and 56 percent were delayed, according to Cirium, an aviation data company. Did you get help from the airlines in paying for any meals, transportation or accommodations? We want to hear how the airlines did.

Organizations: Delta Air Lines Locations: United States

☆ Transportation Department to Investigate Delta After Flight Delays
▼ + stars: | 2024-07-23 | by ( Christine Hauser | More About Christine Hauser | ) www.nytimes.com time to read: 1 min

Transportation Secretary Pete Buttigieg said on Tuesday that his department had opened an investigation into Delta Air Lines after the tech outage last week disrupted flights worldwide, and the agency wanted to hear from travelers who said that the airline had not complied with passenger protection requirements. The aim of the investigation is to “ensure the airline is following the law and taking care of its passengers during continued widespread disruptions,” Mr. Buttigieg said in a statement. “All airline passengers have the right to be treated fairly,” he added. The Transportation Department has consumer protection requirements that cover lost baggage, lengthy tarmac delays, compensation for being bumped from an overbooked flight and other protections.

Persons: Pete Buttigieg, Mr, Buttigieg Organizations: Delta Air Lines, Transportation Department

☆ Caught in the CrowdStrike Outage? Here’s How to Get Compensated.
▼ + stars: | 2024-07-23 | by ( Christine Chung | ) www.nytimes.com time to read: +1 min

The global software outage last week caused thousands of travelers flying in the United States and internationally to have their flights delayed, canceled or both. In the days that followed, some airlines were trying to reboot critical computer systems affected by the outage, with many of their passengers still stranded at airports. During a travel meltdown, it may seem nearly impossible for air travelers to find immediate help. Passengers who foot the bill for last-minute lodging and other expenses are entitled to reimbursement if their flights were impacted by an event in the airlines’ control, like the CrowdStrike outage. [Are you seeking compensation from an airline following the Crowdstrike outage?

Locations: United States

☆ Paris 2024 venues: Where every sport is being held at the Olympic Games
▼ + stars: | 2024-07-22 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +9 min

The Olympic Games are coming to the French capital and homes have been found for all 32 sporting disciplines. Breaking, the newest Olympic sport, will take place at La Concorde and will share the area with 3x3 basketball, skateboarding and freestyle BMX. It will become the Olympic Stadium for the duration of the Games, welcoming track and field (athletics) and rugby sevens. Olympic tennis will naturally take place here, but its centerpiece – Court Philippe Chatrier – will also play host to boxing bouts. Emmanuel Dunand/AFP/Getty ImagesSoccer will cover the most ground of any sport at the Games, with matches being held in seven different stadiums across the country.

Persons: CNN —, Catherine Steenkeste, de Mars, Sarah Meyssonnier, Napoleon Bonaparte, Stade Roland Garros, Philippe Chatrier –, Philippe, Chatrier, Emmanuel Dunand, Germain, Sean M, Blanc Marina, Pierre Mauroy, Pont Alexandre III, Anne, Christine Poujoulat, Yves du, de, Boris Horvat, Geoffroy, Guichard, Stade, Pascal Le Segretain Organizations: CNN, Olympic Games, Aquatics Center, Nations, Eiffel, Reuters, des, Concorde, La Concorde, Chesnot, Getty, Stade de France, UEFA Champions League, Games, Southwest, Stade, Parc des Princes, Paris Saint, Paris, Marseille, Stade Vélodrome, Princes, Aquatics, Chapelle, North Paris Arena, Stade Roland, Palais, Yves du Manoir, South Paris, de Mars, La Chapelle, Nautical, Rugby, Marseille Marina Sailors, Concorde Soccer, Bordeaux, Nice, Parc de Princes Sport, Le, La, Tennis, Garros, Pont Alexandre III Volleyball, Water, Paris La Défense, Wrestling Locations: Paris, France, – Paris, Seine, Versailles, des Invalides, ”, Light, AFP, Parc des, Tahiti, Polynesia, Marseille, Blanc, Bordeaux, Saint, Lyon, Nantes, Nice, Lille, Yvelines, de Versailles, Parc, Le Bourget

☆ Millennials will inherit $90 trillion by 2034. 3 reasons they'll supercharge the ETF market, according to $4.3 trillion State Street.
▼ + stars: | 2024-07-22 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Namely, millennials invest in exchange-traded funds more than any generation before them, according to State Street Global Advisors' 2024 ETF Impact Survey. AdvertisementOverall, State Street, which manages $4.3 trillion in assets, found that boomers are doomers when it comes to the overall economic outlook. State Street Global AdvisorsMillennials across the world are also more likely than any other generation to hold ETFs in their portfolios. AdvertisementETFs also offer easy liquidity, especially when compared to the mutual funds that are popular with older demographics. Investors can't trade mutual funds intraday because trades are executed once a day after the 4 p.m. market close.

Persons: —, aren't, Scott Chronert, Chronert, millennials, Michael Arone, Vanguard Russell, Russell, That's Organizations: Service, Street Global Advisors, Business, State Street Global Advisors, Mutual, Citigroup, Bank of America, State, Trust, Vanguard, Nasdaq, Boomers, Bond, Bond Market, State Street, Galaxy Asset Management, Street Locations: Australia, Singapore, Japan

☆ Airlines and Passengers Still Struggling, a Day After Global Outage
▼ + stars: | 2024-07-20 | by ( Christine Chung | Derek M. Norman | ) www.nytimes.com time to read: +1 min

A day after a tech outage disrupted industries worldwide, airlines are digging themselves out from the fallout of thousands of delayed and canceled flights that have left travelers stranded and searching to find a way home over the weekend. On Saturday morning, delays and cancellations had ebbed, and both domestic and international airlines said they expected to return to near normal operations. But higher than usual cancellation rates are still likely throughout the day, as airlines continue to maneuver planes and their flight crews back into position. Yesterday’s software outages immobilized airlines, affecting numerous functions, including calculating aircraft weight, checking in and communicating with travelers. The waits stacked up for passengers, and some were left with no option other than to sleep at airports.

Persons: Grace Aldrin Organizations: La Guardia Locations: New York, Chicago

☆ Pacific Northwest Braces for a Blistering Heat Wave Over the Weekend
▼ + stars: | 2024-07-19 | by ( Christine Hauser | ) www.nytimes.com time to read: +1 min

A dangerous heat wave is expected to affect parts of the Pacific Northwest over the weekend in a region where authorities are still addressing the deadly impact of record-breaking temperatures in 2021. The Weather Service said on Friday that the heat is expected to intensify over the interior Pacific Northwest, possibly reaching as high as 110 degrees Fahrenheit in some locations. In Spokane Valley, Wash., the heat index could reach 104 degrees Fahrenheit on Sunday before a slight dip in the following days. “The average for this time of year is around 83 to 84 degrees,” said Hannah Chandler-Cooley, a Weather Service meteorologist. We have been above average since our heat wave early this month.”

Persons: ”, Hannah Chandler, Cooley Organizations: National Weather Service, Weather Service Locations: Pacific Northwest, Washington , Oregon, Idaho, Spokane Valley, Oregon, Willamette

Travel plans across the world were thrown into disarray on Friday, as a global technology outage disrupted businesses and services — including air travel — leaving thousands of flights canceled or delayed across the United States and beyond. While service was slowly recovering by midmorning Eastern time, the ripple effect was still snarling travel plans as delayed and canceled flights created a buildup of passengers waiting at airports, and some planes and crews out of position. “The anxiety is getting up a little,” said Adonis Ajayi, 35, at Ronald Reagan Washington National Airport on Friday morning. Messages posted on social media by travelers worldwide showed flights grounded, some terminal monitors down and crowds of stranded passengers waiting at airport gates and customer service desks. Some passengers at one airport in India had to stand in long lines to obtain handwritten boarding passes.

Persons: ”, Adonis Ajayi, Ronald Reagan, Ajayi, “ I’ve, CrowdStrike Organizations: Ronald Reagan Washington National Airport, Key West, Microsoft Locations: United States, Ronald Reagan Washington, Key, Fla, India

☆ Goldman's global head of equity research shares 2 fundamental issues with the AI craze — and how to prepare for a bubble pop
▼ + stars: | 2024-07-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +10 min

And to him, AI doesn't exhibit the signs of a truly groundbreaking innovation like the ones he's seen before. AdvertisementAI comes with a trillion-dollar price tagIt's no secret that AI technology isn't cheap. Advertisement"A lot of people say, 'Well, we'll be able to replace call centers with AI,'" Covello said. However, once it encounters unfamiliar situations outside its training set, AI doesn't have the ability to reason like humans do. If AI doesn't actually have the ability to conduct higher-order reasoning, it won't leave a trillion-dollar impact on the economy.

Persons: —, Goldman Sachs's Jim Covello, Covello, Goldman Sachs, it's, buildout, we'll, Tesla, who've Organizations: Service, Business, Investors, Nvidia, Amazon, CVS, Big Tech Locations: Netherlands

☆ US-Mexico border security is stretching troops thin, placing demands 'not related to their military mission set,' National Guard chief says
▼ + stars: | 2024-07-19 | by ( Steve Beynon | ) www.businessinsider.com time to read: +7 min

For decades, the National Guard has had some level of presence on the southwest border. The border mission is mostly static security and surveillance, but troops typically are not allowed to interact directly with migrants or suspected smugglers. It also has been contributing to retention issues that have plagued the Army National Guard. The move sparked numerous questions on the ethics and legality of privately funding National Guard operations — and came as Noem was boosting her national profile. The National Guard has frequently been caught in the middle between state politicians and federal officials.

Persons: —, Daniel Hokanson, Military.com, Greg Abbott's, Chip Somodevilla, Hokanson, Herika Martinez, Christine Wormuth, JOSEPH PREZIOSO, Kristi Noem, megadonor Willis Johnson, Noem Organizations: Service, National Guard, Guard's, Business, Gov, Lone Star, Capitol Hill, US, Army National Guard, Army Guard, Guardsmen, Texas National Guard, AFP, Getty, Army, Guard, Massachusetts National Guard, South Dakota Republican Gov, Governors Locations: Mexico, Texas, Kuwait, Iraq, Afghanistan, Ukraine, Africa, AFP

☆ A top-ranked CIO overseeing $1 billion shares 3 trades to hedge risk amid political upheaval and violence
▼ + stars: | 2024-07-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Now, the attempted assassination of former President Donald Trump has injected even more uncertainty into the US political landscape. 3 trades for political riskFirst, cash remains king. Within the financial sector, Landsberg recommends that investors allocate part of their portfolio to insurance companies, which can benefit from inflation by raising premiums. While concentration isn't always a cause of concern, increased volatility due to political turbulence can lead market conditions to change quickly. Don't try to predict the FedOverall, Landsberg cautions investors against trying to time the market and predict the Fed's next move.

Persons: Donald Trump, Michael Landsberg, Landsberg Bennett, Landsberg, It's, Banks, Goldman Sachs, Wells, — Landsberg, Powell Organizations: Service, Wealth Management, Forbes, Business, JPMorgan, Citigroup, Wells Fargo, Big Tech Locations: India, Japan

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