DIRS.INFO The most relevant business & tech news

☆ Digitization, energy transference & enterprise-software are investable long-term, says Goldman's Salisbury
▼ + stars: | 2022-09-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDigitization, energy transference & enterprise-software are investable long-term, says Goldman's SalisburyCNBC's Tyler Mathisen speaks with Julian Salisbury, Goldman Sachs Asset Management global co-head, who joins 'The Exchange' to discuss the next big thing in investing at Delivering Alpha.

☆ Citadel's Ken Griffin says Fed must continue fight to reset inflation expectations
▼ + stars: | 2022-09-28 | 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 EmailCitadel's Ken Griffin says Fed must continue fight to reset inflation expectationsKen Griffin, Citadel’s founder and CEO, speaks from CNBC's Delivering Alpha and discusses his outlook on rising inflation in the United States, and the Fed's approach to fighting rising prices.

☆ SunRun is the aluminum siding of the 21st century, says Jim Chanos
▼ + stars: | 2022-09-28 | 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 EmailSunRun is the aluminum siding of the 21st century, says Jim ChanosLegendary investor Jim Chanos and Carson Block, investor and founder of Muddy Waters Research, join CNBC's Dominic Chu at the Delivering Alpha conference to discuss investing in alternative energy given the focus following the Inflation Reduction Act.

☆ Jim Chanos: The fact there's a meltdown among Chinese developers is a major story
▼ + stars: | 2022-09-28 | 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 EmailJim Chanos: The fact there's a meltdown among Chinese developers is a major storyLegendary investor Jim Chanos and Carson Block, investor and founder of Muddy Waters Research, join CNBC's Dominic Chu at the Delivering Alpha conference to discuss the meltdown in the Chinese real estate market and how it should be a much bigger story than it is.

☆ Pimco's Ivascyn sees a mild recession ahead and several investing opportunities
▼ + stars: | 2022-09-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The U.S. is likely headed toward a recession but there's a chance for the downturn to be comparatively mild due to strong underlying fundamentals, according to Pimco bond expert Dan Ivascyn. While he said he still sees a retrenchment coming, he expects strength from consumer and business balance sheets to offset the damage. Our thinking is that it will potentially be a fairly mild recession," Ivascyn told CNBC's Leslie Picker. "One of the reasons why we feel that way is that initial conditions, you know, look look pretty good as the consumer balance sheet [is] quite strong, corporate balance sheets in most areas of the credit markets are quite strong." "All areas that tend to be weak links in recessionary environments have pretty strong fundamentals," he added.

☆ Short-seller Carson Block calls out ESG investing, says many companies are 'money grabs'
▼ + stars: | 2022-09-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Many popular companies dominating the ESG investing space are taking advantage of the U.S. government and investors, according to Carson Block, founder of Muddy Waters Research. "I would like to save the world," the famed short-seller said during an interview with "Squawk Box" outside CNBC's Delivering Alpha conference on Wednesday. ESG, or environmental, social and governance investing, incorporates a slew of non-financial factors potential shareholders utilize when looking to invest in companies. It's risen in popularity amid a drive toward green investing with companies like BlackRock hopping on the trend while also drawing its fair share of criticism. Block said a slew of companies he's shorted — including XL Fleet , Danimer Scientific and solar stock Sunrun — are "grifting in their own way" and misleading investors.

☆ Treasury's Wally Adeyemo says Biden administration is doing everything it can to combat inflation and recession
▼ + stars: | 2022-09-28 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

Deputy Treasury Secretary Wally Adeyemo said Wednesday that the Biden administration is doing everything it can to combat inflation avoid a recession. He added that the administration is working to bring down inflation through a series of measures outlined in the Inflation Reduction Act, the CHIPS Act and the bipartisan infrastructure law. "That will give us the ability to make sure that we have sustainable growth as we come out of this high inflation period." "The spending (in the) Inflation Reduction Act is spent over time, and it's spending that's going to help expand the productive capacity of the economy," he said. He said investments that make the economy more productive, will lead to "better growth outcomes over time."

☆ Waiting for market bottom is a mistake and investors should buy now, David Rubenstein says
▼ + stars: | 2022-09-28 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Investors looking to scoop up deals and position themselves for long-term growth should act now instead of waiting for stocks to bottom, David Rubenstein said Wednesday. "People shouldn't be afraid of going in and buying things now," The Carlyle Group co-founder said during CNBC's Delivering Alpha Investor Summit in New York City. He also noted that investors should start buying now rather than try to time the market bottom. Still, for investors that want to take advantage of the market, she recommends active management. "You have to find active [management] and you have to go into thematic areas where you can generate some returns," she said.

☆ Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations
▼ + stars: | 2022-09-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"We should continue on the path that we're on to ensure that we reanchor inflation expectations," Griffin said at CNBC's Delivering Alpha Investor Summit in New York City Wednesday. "So it's important that we don't let inflation expectations become unanchored." To tame inflation, the Fed is tightening monetary policy at its most aggressive pace since the 1980s. Griffin said he believes the Fed has a difficult job of taming inflation while not slowing down the economy too much. On the Bank of England's intervention in the bond market, Griffin said he's concerned about the ramifications of diminishing investor confidence.

☆ Jim Chanos says this is the biggest investing story that no one is talking about
▼ + stars: | 2022-09-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Beneath all the clamor over Russia's invasion of Ukraine and the efforts to tamp down inflation, investors are largely passing over a huge story in China, famed short-seller Jim Chanos said Wednesday. Troubles in the Chinese real estate market are a distant third to the war and rate hikes targeted at containing inflation. The nation faces a deepening crisis caused by multiple factors, resulting in the worst plunge in home sales since China started allowing private property sales in the late 1990s. Evergrande, China's second-largest property developer, has come under scrutiny for its financial dealings and defaulted on dollar-denominated bonds, making it a symbol of the China real estate bubble. "You have to understand that like Tokyo... almost every large company in China has a real estate development arm.

☆ Two of the most notable short sellers say this company is the aluminum siding of the 21st century
▼ + stars: | 2022-09-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Jim Chanos and Carson Block, two of Wall Street's biggest short sellers, fired shots at Sunrun , saying the residential solar company is not as "green" as many investors think. "This company is the aluminum siding of the 21st century for those who are old enough to know what I'm talking about," Chanos, founder of Kynikos Associates, said at CNBC's Delivering Alpha Investor Summit in New York City Wednesday. Aluminum re-sidings were prevalent in the 70s and 80s but they fell out of favor as the material was susceptible to scratches and dents. Muddy Waters Capital CIO Carson Block said he has a short position against Sunrun, taking issue with the way the company deals with tax subsidies from the government. "Muddy Waters has its 'facts' wrong.

☆ There’s a 98% chance of a global recession, research firm warns
▼ + stars: | 2022-09-28 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN Business —Warning lights are flashing in the global economy as high inflation, drastic rate hikes and the war in Ukraine take their toll. There is currently a 98.1% chance of a global recession, according to a probability model run by Ned Davis Research. The only other times that recession model was this high has been during severe economic downturns, most recently in 2020 and during the global financial crisis of 2008 and 2009. “This indicates that the risk of a severe global recession is rising for some time in 2023,” economists at Ned Davis Research wrote in a report last Friday. Seven out of 10 economists surveyed by the World Economic Forum consider a global recession at least somewhat likely, according to a report published Wednesday.

☆ Virginia Gov. Youngkin predicts GOP midterm wins could help ease recession fears
▼ + stars: | 2022-09-28 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

Virginia Governor Glenn Youngkin predicts that Republican gains in the 2022 midterms could help curb recession fears. Youngkin, a Republican, said Americans generally think his party will take back the House and that he's "cautiously optimistic" they will also retake the Senate as well. Youngkin has declared Virginia "open for business" and sought to attract companies to the state. Youngkin predicted that Republican gains in the 2022 midterms could boost the economy in the same way that, he says, former President Donald Trump's 2016 win did. When Donald Trump won all of the sudden optimism went back into the market and we avoided a recession."

☆ 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.

☆ Investors 'can't ignore China' even with rising geopolitical risk, pension fund managers say
▼ + stars: | 2022-09-28 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

That war has in turn raised concerns about China's tense relationship with Taiwan, and what impact sanctions on China could have on global markets. I think you cannot ignore China." "Corporations cannot ignore China, investors cannot ignore China, because if you want to ignore China, you also are going to ignore all the partners that China has." "China right now is 20% of global GDP, probably going to 25% of global GDP by 2035. And as Anastasia mentions, you can't ignore China if you're trying to understand global growth and you're trying to understand global markets," Cass said.

☆ Don't bet that the bottom is in for what were high-growth tech stocks, private equity investors say
▼ + stars: | 2022-09-28 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

But the washout may not have reached its end game yet, according to two top private equity investors. Investors need to be able to model long-term growth rates and profitability, and that could take a while, he added. Both private equity leaders see consolidation among tech companies as a precondition to going public in the future. There were too many companies in many of the new tech niches where investors backed public offerings in recent years, Ford says. "Make the right investment decisions to fund long-term growth," he said.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, September 26, 2022. (Click here to subscribe to the new Delivering Alpha newsletter.) The Federal Reserve's most aggressive pace of tightening since the 1980s is making the majority of Wall Street investors believe stocks will be underwater for longer, according to the new CNBC Delivering Alpha investor survey. We polled about 400 chief investment officers, equity strategists, portfolio managers and CNBC contributors who manage money, asking where they stood on the markets for the rest of 2022 and beyond. Fifty-eight percent of respondents said their biggest concern for the markets right now is the Fed being too aggressive.

With the market turmoil raging on, the majority of Wall Street investors are now favoring dividend-paying stocks and value names into the end of the year, according to the new CNBC Delivering Alpha investor survey. About a third of the respondents said they are most likely to buy stocks paying high dividends now. Unlike growth stocks, dividend stocks typically don't offer dramatic price appreciation, but they do provide investors with a stable source of income during times of uncertainty. The three most popular dividend exchange-traded funds are the Vanguard Dividend Appreciation ETF , the Vanguard High Dividend Yield ETF and the Schwab U.S. Dividend Equity ETF . The survey also showed that investors' biggest concern right now is the Fed being too aggressive.

Lauren Taylor Wolfe co-founded Impactive Capital, an activist investment management firm focused on ESG investing for the long run. We've seen a lot of pushback come from some politicians and I think that's simply too risky. Understanding environmental risks and social risks is simply good fundamental analysis and it's simply good investing. We have too many managers, CEOs and boards focus on hitting their quarterly or annual figures and we believe that there's true opportunity to focus on long term returns, long term IRRs. And I think smart ESG initiatives is simply good business.

Search resuls for: "Delivering Alpha"

19 mentions found