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☆ Investors can get a 7% yield with this 'hidden gem' bond fund
▼ + stars: | 2023-06-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Vanguard's Emerging Markets Bond fund (VEMBX) is a "hidden gem" and Vanguard's best foreign bond fund, according to Jeff DeMaso, founder and editor of the newsletter "The Independent Vanguard Adviser." "It's a well-run emerging markets bond fund that has topped its index (and the Morningstar peer group)," DeMaso said. The actively managed fund was up 43% from April 2016 through May 2023, compared with an 11% return for Vanguard's Emerging Markets Government Bond Index Fund (VGAVX) during the same time frame, according to DeMaso's calculations. The VGAVX seeks to track the performance of the Bloomberg USD Emerging Markets Government RIC Capped Index. Not only does VEMBX fly under the radar, but it has a stellar portfolio manager in Daniel Shaykevich, DeMaso said.

Persons: Jeff DeMaso, Morningstar, DeMaso, Daniel Shaykevich, Shaykevich Organizations: Vanguard's, Independent Vanguard, SEC, Morningstar, Vanguard's Emerging, Government, Index, Bloomberg, Markets Government RIC, Vanguard, BlackRock Locations: United States, Peru, Saudi Arabia, Columbia, Persian, Saharan Africa

☆ US Coast Guard investigating cause of Titanic submersible implosion
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +1 min

June 25 (Reuters) - The U.S. Coast Guard is investigating the cause of the undersea implosion of a tourist submersible that killed all five people aboard while diving to the century-old wreck of the Titanic, officials said on Sunday. The announcement comes a day after Canada's Transportation Safety Board said it was conducting its own investigation into the implosion of the Titan, which has raised questions about the unregulated nature of such expeditions. The findings will be shared with the International Maritime Organization and other groups "to help improve the safety framework for submersible operations worldwide," Neubauer said. He said the Coast Guard is in touch with the families of the five people killed, and that investigators are "taking all precautions on site if we are to encounter any human remains." Reporting by Jonathan Allen; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Jason Neubauer, Neubauer, Jonathan Allen, Lisa Shumaker Organizations: U.S . Coast Guard, Transportation, Board, Coast, The Coast Guard, FBI, International Maritime Organization, Coast Guard, Thomson Locations: Boston

☆ Fact Check-Titanic tourist sub was not found intact after 55 hours
▼ + stars: | 2023-06-23 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

While search and rescue efforts were still ongoing, social media users shared old images of the sub alongside false claims that it had been found 55 hours after it went missing and that all passengers were alive and in need of medical attention. The photos offered as evidence, however, were online before the sub disappeared. The debris field with pieces of wreckage corresponding to the missing sub was found more than 100 hours after the vessel first stopped communicating (here). Ahead of the Coast Guard's confirmation, OceanGate Expeditions issued a statement saying that the crew on board the Titan had “sadly been lost” (here). The Titan submersible was not found intact after it went missing on June 18.

Persons: Hamish Harding, Harding, Read Organizations: OceanGate Expeditions, . Coast Guard, Facebook, Twitter, Action Aviation, Reuters Locations: British

☆ Greek migrant boat tragedy: CNN investigation raises questions about coast guard's account of shipwreck
▼ + stars: | 2023-06-23 | by ( Florence Davey-Attlee Elinda Labropoulou Jomana Karadsheh Gianluca Mezzofiore Katie Polglase | Florence Davey-Attlee | Elinda Labropoulou | ) edition.cnn.com time to read: +10 min

They also call into question the Greek coast guard’s version of events, suggesting more lives could have been saved, and may even point to fault on the part of Greek authorities. The Hellenic Coast Guard has declined to answer CNN’s specific requests for response to the survivor testimonies. The Greek coast guard has maintained that people onboard the trawler had refused rescue and insisted they wanted to continue their journey to Italy. The haunting final words sent from the migrant boat came just minutes before it capsized. Most of all, Mostafa says, he wishes the Greek coast guard had never approached their boat: “If they had left us be, we wouldn’t have drowned.”

Persons: “, Rami, ”, Mostafa, Nikos Alexiou, Byron Smith, ” Rami, Lucky, –, ” Mostafa, Nawal Soufi, …, superyacht, Stringer, Eurokinissi, Vincent Cochetel, Stelios Misinas, Reuters Cochetel, ” Omer Shatz, Mohammad, Fadi, Kyriakos Mitsotakis, Mitsotakis Organizations: CNN, Hellenic Coast Guard, Reuters CNN, Cross, UNHCR, European Union, “, Getty, ” Workers, Reuters, Center for Constitutional, Human Locations: Greece, Syria, Greek, Coast, Athens, Tobruk, Libya, Italy, Kalamata, AFP, Berlin, Netherlands, Sunday’s, Europe

He told reporters on Thursday the debris was consistent with "a catastrophic implosion of the vehicle." British Titanic explorer Dik Barton paid tribute to the work of his friend Nargeolet but noted issues raised with the design and maintenance of the craft. "Everyone's wise after the event, but as we're hearing before, unfortunately there were many red flags flying here," he said. He said sonar buoys used in the water for more than three days had not detected an implosion. The Titanic sank after hitting an iceberg on its first voyage, killing more than 1,500 people aboard.

Persons: moviemaker Cameron, John Mauger, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet, OceanGate, Dawood, Shahzada, Suleman Dawood, Dik Barton, Nargeolet, OceanGate's, Guard's Mauger, Moviemaker James Cameron, we've, Cameron, Stefan Williams, Michael Guillen, Joseph Ax, Steve Gorman, Charlotte Greefield, Edmund Blair, Andrew Cawthorne Organizations: Titan, U.S . Coast Guard, Stockton Rush, OceanGate Expeditions, British Asian Trust, University of Strathclyde, U.S . Navy, Navy, Wall Street, British, Reuters, University of Sydney, Thomson Locations: North Atlantic, North, U.S, Scotland, British, Greece, Canada, France, Britain, submersibles, Cape Cod , Massachusetts, St, John's, Newfoundland

☆ This tax-exempt fund with a yield surpassing 4% is 'one of the best,' Morningstar says
▼ + stars: | 2023-06-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The fund invests at least 80% of its assets in investment-grade municipal bonds, and only up to 20% in those below investment grade. Municipal bonds are issued by government entities, such as a city or state, and raise money for public projects, such as building roads or schools. VWAHX 1Y mountain Vanguard High-Yield Tax-Exempt fund The fund, which trades under the ticker VWAHX, currently has a 30-day SEC yield exceeding 4%. "We are not risk averse, but we are very opportunistic about how we apply our risk," Kiselak explained. Opportunity in health care Health-care muni bonds make up about 15% of the fund, Kiselak said.

Persons: Morningstar, Mat Kiselak, —, Bond, Elizabeth Templeton, VWAHX, Kiselak, Jeff DeMaso, DeMaso, He's Organizations: SEC, Morningstar ., Vanguard, Independent Vanguard, Puerto Locations: Puerto Rico

☆ Rescuers make last desperate push as final hours of oxygen on missing Titanic submersible tick down
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: +7 min

An undated photo shows tourist submersible belongs to OceanGate begins to descent at a sea. But the crew had only a four-day oxygen supply when the vessel, called the Titan, set off around 6 a.m. Sunday. The full area being searched was twice the size of Connecticut in waters as deep as 13,200 feet (4,020 meters). "This is a search and rescue mission, 100%," he said Wednesday. An undated photo shows tourist submersible belongs to OceanGate begins to descent at a sea.

Persons: OceanGate, Captain Jamie Frederick, Donald Murphy, Frederick, Carl Hartsfield, Frank Owen, Owen, Arthur Loibl, Capt, Jamie Frederick, Scott Eisen, Rush, Jeff Karson, Karson Organizations: US Coast Guard, OceanGate, Anadolu Agency, Getty, First Coast Guard District, Coast, Patrol, Navy, Oceanographic Systems Laboratory, U.S . Navy, Stockton Rush, OceanGate Expeditions, U.S, U.S . Coast Guard, CBC, Syracuse University Locations: Boston, Canada, Connecticut, Atlantic, U.S, British, St, John's, Norfolk , Virginia, Germany, Cape Cod, Boston , Massachusetts

☆ The co-leader of an AI-driven quant fund shares 2 stocks his model is betting the most on right now — and a simple way individual investors can use AI technology to pick stocks
▼ + stars: | 2023-06-22 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

An easy way to harness the power of AI quant models is to look at top holdings of ETFs, he said. But it's a tall task for individual investors — let alone institutions — to develop AI models for stock picking, Oh said. Oh said that the Qraft's momentum fund's top two holdings right now are Amazon (AMZN) and Meta (META). While it was the model that picked Amazon and Meta, Oh said they're solid fundamental plays. As for Meta, Oh said it's well-positioned for the AI boom as is one of the leaders in the space.

Persons: Francis Oh, —, ChatGPT, I'm, Google's Bard, Oh Organizations: Vanguard's Hong, Qraft Technologies, Apple, Nvidia, AI, Equity, BTD, Fund, Vertex Pharmaceuticals, Gamestop, Dow, Industrial, SolarEdge Technologies, Dow Inc, Enphase Energy, Meta Locations: Asia, Pacific, Vanguard's, Vanguard's Hong Kong

☆ Titanic sub timeline: when did it go missing and key events in search
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +4 min

But it starts its descent later, according to the U.S. Coast Guard. ET) - The submersible is scheduled to return to the surface, the U.S. Coast Guard says. The U.S. Coast Guard - which announces this on Wednesday - does not give a precise timing. WEDNESDAYDURING THE DAY - U.S. Coast Guard, U.S. Navy, Canadian Coast Guard and OceanGate Expeditions establish a unified command to handle the search. ET) - U.S. Coast Guard announces Canadian P-3 aircraft detected underwater noises.

Persons: Hamish Harding, Harding, John Mauger, Shahzada Dawood, Suleman, Stone, Jannicke Mikkelsen, Edmund Blair, Alexandra Hudson Organizations: OceanGate Expeditions, Expedition, Facebook, U.S . Coast Guard, Titan, Atlantic, Communications, Coast Guard, Canadian Research Vessel, MONDAY U.S, Lockheed, Orion, CNN, Stone, . Coast Guard, U.S . Navy, Canadian Coast Guard, Canadian, U.S, Alexandra Hudson Our, Thomson Locations: St, John's, Newfoundland, Canada, Instagram, U.S, Cape Cod, France, U.S . Coast

☆ First 'Trooping the Colour' parade for Britain's King Charles
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +2 min

[1/5] Britain's King Charles salutes as he rides on horseback as part of Trooping the Colour parade which honours him on his official birthday, in London, Britain, June 17, 2023. REUTERS/Toby MelvilleLONDON, June 17 (Reuters) - Britain's King Charles celebrated his first official birthday parade as sovereign on Saturday, riding on horseback to inspect soldiers in a ceremony that has been an annual event since 1760. By appearing on horseback Charles, 74, revives a tradition which his mother, Queen Elizabeth, gave up in 1986 when she was 60. Charles became king when his mother Queen Elizabeth died aged 96 in September. Trooping the Colour marks the official Birthday of Britain's monarch and is usually held in June.

Persons: King Charles, Toby Melville LONDON, Britain's King Charles, Charles, Queen Elizabeth, Prince of Wales, Princess Anne, Duke, Wales, Charles's, Sarah Young, Louise Heavens Organizations: REUTERS, 1st Battalion Welsh Guards, Buckingham, Red Arrows, Thomson Locations: London, Britain, British, Edinburgh

☆ The year is half over. Here are three considerations to make sure your portfolio is on track
▼ + stars: | 2023-06-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Rebalance your portfolio Tech's remarkable bounce in 2023 could result in a significant portfolio tilt toward that sector — and an overconcentration that could hurt in the event there's a downturn. That means it's time to trim down a few of those oversized positions and make sure your asset allocation is properly reflecting your goals. Check in with cash Cash is another asset that requires your attention, especially in an era when investors have a host of options of where keep those funds. Cash you don't need for many years can go right back into your stock portfolio so you can keep ahead of inflation, Pearce said. "Make sure you have an appropriate amount of cash, and make sure you're not sitting on an enormous pile of cash that's doing nothing," he added.

Persons: Jorrell Bland, Josh Brown, Tony Roth, haven't, Wilmington Trust's Roth, Roth, Cash, Jerrod Pearce, Goldman Sachs, Marcus, Pearce, — CNBC's Michael Bloom Organizations: Nasdaq, Federal Reserve, Mitlin, Ritholtz Wealth Management, Wilmington Trust Investment Advisors, JPMorgan Equity, Wilmington, Creative Planning, Bread, Bread Financial, Citizens Financial, Treasury Locations: Wilmington, Treasurys

☆ I'm the head of talent acquisition at Vanguard. Here are the 3 things I look for in candidates and my favorite interview question to ask.
▼ + stars: | 2023-06-05 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

Tiffany Haley is the head of global talent acquisition at Vanguard. Haley's favorite interview question to ask is "What do you want to give to this role?" This as-told-to essay is based on a conversation with Tiffany Haley, head of global talent acquisition at Vanguard from Malvern, Pennsylvania about how to get a job at Vanguard. In my role leading Vanguard's global talent acquisition, I'm always blown away by the number of applications we receive. For example, we often interview candidates for our information technology division who might not be fully versed in all of the technologies Vanguard uses to power our business.

Persons: Tiffany Haley, It's, I'm, We're, we've, you've, I've, —, Jenna Gyimesi Organizations: Vanguard Locations: Malvern , Pennsylvania

☆ Israel demands Egypt help in full probe of deadly attack at border
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +2 min

[1/7] A soldier reacts near the site of a reported security incident near Israel's southern border with Egypt, Israel June 3, 2023. Soldiers then made contact and during an exchange of fire the Egyptian guard and a third Israeli soldier were killed. On Saturday, the Egyptian military said the three Israelis and Egyptian guard had been killed in an exchange of fire as the guard chased smugglers across the frontier. Coworkers and family members of the Egyptian guard have been interviewed to figure out if he belonged to any political groups or suffered from mental illness, they said. Egypt in 1979 became the first Arab country to sign a peace treaty with Israel and they share a more than 200-km (124-mile) long border.

Persons: Amir Cohen JERUSALEM, Benjamin Netanyahu, Israel, Netanyahu, Daniel Hagari, Dan Williams, Ari Rabinovitch, Emelia Sithole Organizations: REUTERS, Sunday, YNET, Thomson Locations: Israel's, Egypt, Israel, Cairo

☆ Time is running out to repay Covid-era 401(k), IRA withdrawals — and claim a tax refund
▼ + stars: | 2023-06-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Hundreds of thousands took distributionsData suggests hundreds of thousands of people took coronavirus-related distributions — and that few have repaid it. Nearly 6% of investors in workplace retirement plans took a CRD in 2020, according to internal administrative data from Vanguard Group. That amounts to about 268,000 people out of 4.7 million retirement investors for whom Vanguard provided administrative services that year. Amended return necessary to claim refundInvestors who repay all or part of their CRD by the three-year deadline must file an amended tax return to claim a tax refund, according to the IRS. This person would have to file an amended tax return for each year.

Persons: Sean Deviney, Deviney Organizations: Vanguard Group, Vanguard, IRS, Investors Locations: Fort Lauderdale , Florida

☆ Ukrainian women training for war can kill Russians with 'office supplies,' resistance group leader says
▼ + stars: | 2023-05-25 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Ukrainian women trained for war can kill Russian soldiers with office supplies, a military leader said. "We have women who can kill individuals with office supplies, you know," Biletska said in an interview with war correspondent Tim Mak. "Like a pencil or a pen... it's not just guns or rifles, but the objects available in an office supplies store." More than 60,000 Ukrainian women now serve in the country's military, according to US embassy statistics. Ukrainian women on the front lines told The Invisible Battalion Project that they fear sexual violence at the hands of Russian soldiers.

☆ Get paid for doing nothing: What you should know about cash sweep accounts
▼ + stars: | 2023-05-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Doing nothing pays these days — at least that's the case if you're talking about cash that's sitting in your brokerage account. Consider Fidelity Investments is offering a 2.6% APY on its cash management account, but LPL Financial pays 0.45% on its insured cash account for clients with $300,000 to $500,000 in household value. First, examine your goals for the money before you shop around for cash sweep rates. Finally, if you do pile cash into your sweep account, think about the tax implications of doing so. Some firms offer different options for investing your cash sweep account, including a municipal money market fund for investors who reside in high-tax states.

☆ How to invest in the S&P 500 — a guide to the funds that mimic the influential index's makeup and moves
▼ + stars: | 2023-05-15 | by ( Martin Daks | ) www.businessinsider.com time to read: +17 min

After tracking the S&P 500 from 1965 to 2021, Berkshire Hathaway found the compound annual gain in the S&P 500 was 10.5%. In the case of S&P 500 index funds, the stocks are those of the companies listed in the S&P 500. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. The diversified, passive approach of S&P 500 funds — like most index funds — means an investor's downside is generally limited.

May 8 (Reuters) - Vanguard Group, the largest provider of mutual funds, has secured regulatory approval to continue to own big stakes in U.S. power utilities, overcoming Republican concerns over its environmental, social and governance (ESG) policies. Regulators had previously allowed Vanguard to exceed that antitrust limit on the basis that this would not interfere with the utilities' operations. Vanguard countered that its funds do not exert control over the decisions of the utilities. Vanguard reiterated in a statement on Monday that it leaves "management decisions to companies and policy decisions to policymakers." A representative for Indiana Attorney General Todd Rokita, one of the leaders of the group challenging the FERC extension, said he would comment in coming days.

☆ Global issuance of mortgage-backed securities falls to a 23-year low
▼ + stars: | 2023-05-04 | by ( Patturaja Murugaboopathy | ) www.reuters.com time to read: +3 min

May 4 (Reuters) - The issuance of global mortgage-backed securities (MBS) slumped to a 23-year low in the first four months of this year, highlighting the turmoil in the real estate sector as higher mortgage rates hit property sales and refinancing. According to Refinitiv data, global MBS issuance stood at $100 billion in the first four months of this year, the lowest since 2000. Reuters GraphicsThe property sector, often a leading indicator for other economic activity, has seen a slump this year due to a spike in mortgage rates as global central banks increased interest rates to tame inflation. MBS consist of pools of home loans and other real estate debt and typically carry higher yields than U.S. Treasuries. The refinancing of existing mortgages may also be affected, as there may be fewer lenders available to refinance existing loans leading to private lenders and higher rates."

☆ After a year of heavy losses, Ukraine's military is juggling a 'very uneven' force as it prepares for major fighting, expert says
▼ + stars: | 2023-04-28 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Ukraine's military is gearing up for offensives against Russian forces in spring and summer. Mustafa Ciftci/Anadolu Agency via Getty ImagesWhen Russia invaded in February 2022, Ukraine's military had about 196,000 active personnel and 900,000 in reserve, according to the International Institute of Strategic Studies' 2022 Military Balance report. The Western approachAn instructor briefs Ukrainian soldiers at a training center near Yavoriv in April 2017. The training they provided accompanied other efforts by Kyiv to reverse two decades of post-Cold War decay that weakened the Ukrainian military. "This is a continuous struggle in the Ukrainian military," Kofman said.

"Climate change is an existential risk and a risk to investor returns," said John Galloway, who oversees the Pennsylvania firm's engagement and proxy voting at portfolio companies, in an interview by teleconference. Galloway said in practice the proposal, which won 42% support, would have required a wholesale change to Valero's business, a decision best left to the board. "A proposal that’s asking a company to make a change that’s changing its strategy is not a proposal we're likely to support," Galloway said. U.S. Republican politicians applauded the move as responsive to their efforts to counter many companies' treatment of environmental, social and governance (ESG) matters. Galloway said the decision was driven with an eye on the varied views of its largely retail client base.

☆ Marjorie Taylor Greene defends suspected Pentagon leaker, saying he is 'white, male, Christian, and anti-war'
▼ + stars: | 2023-04-14 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

Marjorie Taylor Greene defended the suspected Pentagon leaker, saying he is "white, Christian, and anti-war." Greene said, "He told the truth about troops being on the ground in Ukraine and a lot more." download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyRep. Marjorie Taylor Greene has defended the man suspected of leaking top-secret Pentagon documents, saying he is "white, male, Christian, and anti-war." Greene said, "He told the truth about troops being on the ground in Ukraine and a lot more. Teixeira was sitting on his porch reading when he was arrested at his home and taken into custody by FBI agents.

Such diversification failed to benefit investors last year, when stocks and bonds both tumbled as the Federal Reserve raised rates to fight surging inflation. A typical 60/40 portfolio tracked by Vanguard last year suffered its worst annual decline since 2008. "Inflation, and the perception of tighter credit as a result of inflation, is going to hurt both bonds and stocks,” he said. But benchmark Treasury yields drifted lower, at least partially offsetting those declines. "We now have yield in the bond market, which we haven’t had for 10 years," said Paul Nolte, market strategist at Murphy & Sylvest Wealth Management.

Meanwhile, Republicans, many from energy-producing states, have raised a growing chorus of challenges on ESG. This can be a problem for fund participants who do not share ESG goals, the Republicans wrote. Asset managers have argued that such memberships align with their fiduciary obligations, and some are giving clients more control over proxy votes. "Asset managers voting for the exclusion of one of their competitors has clear antitrust implications," the letter states. The resolutions were filed by activist shareholder group As You Sow, which the Republicans suggested had targeted Vanguard over its withdrawal.

Meanwhile, Republicans, many from energy-producing states, have raised a growing chorus of challenges on ESG. The latest letter built on concerns many of the same attorneys general brought to BlackRock last August. This can be a problem for fund participants who do not share ESG goals, the Republicans wrote. Another section of the Republicans' letter cites several pending shareholder resolutions that ask corporations to dial back the use of Vanguard Group retirement plan funds because of Vanguard's fossil fuel holdings. "Asset managers voting for the exclusion of one of their competitors has clear antitrust implications," the letter states.

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