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☆ How analysts are playing gig economy stocks ahead of earnings
▼ + stars: | 2023-01-30 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

The 2022 selloffs underscored the challenges gig economy stocks have faced in recent years as novelty and venture capital funding chilled, analysts have said to clients. Analysts are now contemplating how to position ahead of the major gig companies' earnings reports, which kick off with Uber on Feb. 8. A look at where each company stands: Uber UBER LYFT,DASH 5Y mountain Gig economy stocks One area where analysts at SVB MoffettNathanson, Jefferies and Bernstein all agree: be bullish on Uber. Lyft Analysts at the three firms, however, are leery when it comes to competitor Lyft. DoorDash Analysts were split on DoorDash.

☆ Former Covid chief Jeff Zients to replace Ron Klain as White House chief of staff, Biden confirms
▼ + stars: | 2023-01-27 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

Jeff Zients, former White House Covid-19 response coordinator under Biden and an economic advisor to former President Barack Obama, will replace Ron Klain as White House chief of staff, President Joe Biden confirmed in a statement Friday. Zients is a longtime ally of both Biden and Klain and has a reputation of getting things done. In recent weeks he has returned to the White House to help coordinate staff turnover after the midterms, where he has worked closely with Klain. The White House will hold an official transition event next week to welcome Zients and thank Klain, Biden said in his statement. Zients worked as CEO of health care consulting firm the Advisory Board Company, which is now part of UnitedHealth.

☆ Factbox: The U.S. Treasury's tools to avoid breaching debt limit
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +5 min

Here's a rundown of the Treasury's tools to keep borrowing under the limit. Slugs issues, which count against the debt limit, have recently averaged $6 billion per month, but monthly volumes vary. Savings bond sales increased the federal debt by just $5.7 billion since the start of the 2023 fiscal year last October. SWAP FEDERAL FINANCING BANK DEBTThe Federal Financing Bank can issue up to $15 billion in debt on behalf of other government agencies that is not subject to the debt limit. So the Treasury could exchange FFB debt for other debt to reduce the total amount subject to the limit.

☆ Fed's Lael Brainard among leading contenders for top White House economic post
▼ + stars: | 2023-01-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Lael Brainard, vice chair of the US Federal Reserve, listens to a question during an interview in Washington, DC, US, on Monday, Nov. 14, 2022. Federal Reserve Vice Chair Lael Brainard is a top candidate to take the most important economic position in the White House. Biden named Brainard vice chair at the Fed in 2022; she also was considered as a possible successor to Fed Chair Jerome Powell, whom Biden reappointed last year. Brainard is one of multiple candidates being considered and interviews for the position are continuing, according to a White House spokesman familiar with the matter. For her part, Brainard could garner support from progressives who are in favor of strong bank regulation and easier monetary policy.

☆ The U.S. hit the debt ceiling — here's what that means for your money
▼ + stars: | 2023-01-21 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

The U.S. hit the debt ceiling on Thursday, which forced the Treasury Department to begin taking so-called "extraordinary measures" to continue paying the government's bills. Read on for the answers to the most relevant questions about the debt ceiling, and why, as a long-term investor, you shouldn't be paying too much attention to the headlines. Remind me — what's the debt ceiling again? Where does the debt ceiling stand now? Aside from stock market volatility, you'd see ramifications across the economy.

☆ US-China Tech War: How Money for Semiconductor Factories Costs Americans
▼ + stars: | 2023-01-19 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +15 min

If the first Cold War was defined by the development of nuclear weapons, this Tech Cold War is defined by the computer chip. The massive Intel plant in Ohio is a key part of the race with China for the future of tech. Even before the Intel plant, the Columbus area was well acquainted with these sorts of trade-offs. But, the Ohio State study found, Columbus' residential tax-abatement programs did little to meaningfully address the housing problem, while draining the city's funds. Federal, state, and local subsidies add up to billions of dollars that Intel is saving on its new Ohio semiconductor factory.

☆ Bank of America double downgrades Charles Schwab, says clients will continue to shift to money market funds
▼ + stars: | 2023-01-19 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to move away interest rate sensitive brokers such as Charles Schwab , according to Bank of America. Analyst Craig Siegenthaler double downgraded shares to underperform from buy, and lowered his price target, saying client cash sorting will continue to remain elevated in the first half of this year. Client cash sorting refers to clients moving cash out of lower-yielding bank deposits into higher-yielding alternatives such as money market funds. Charles Schwab outperformed last year, gaining 0.1%, and is "arguably the biggest beneficiary of higher interest rates across diversified financials," the analyst said. Regardless, the analyst expects Charles Schwab's revenue and profit growth will decelerate this year due to a constricting balance sheet.

☆ Morgan Stanley upgrades consumer goods maker Church & Dwight, says now is a good time to buy
▼ + stars: | 2023-01-17 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Now's the time to snap up shares of Church & Dwight as the consumer goods maker is set to gain after a dismal 2022, according to Morgan Stanley. The firm on Monday upgraded the stock to overweight from equal weight and boosted its price target to $91 from $82. But, the firm expects a "sharp fundamental turn in 2023 to above-consensus organic sales and GM results," Mohsenian wrote. Morgan Stanley now expects robust second-half organic sales growth of 6.4%, solidly outperforming 2022 and moving ahead of its peers. Morgan Stanley is lowering its earnings per share estimates to be more in-line with consensus, but wouldn't be surprised to see upside in the second half of the year.

☆ Morgan Stanley says these 'standout names' take sustainability seriously — and have upside to boot
▼ + stars: | 2023-01-12 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Embracing sustainability doesn't have to come at the expense of financial performance — Morgan Stanley named several European companies it says have managed to show just that. These stocks are rated overweight and have average upside of around 20% to 35%, the bank added. Morgan Stanley described the company as a "global leader" in cement decarbonization, and its "ambitious" medium-term decarbonization target puts it in a "league of its own." Morgan Stanley also named German utility firm RWE on its list. The bank estimates that RWE will achieve around 16 billion euros ($17 billion) of free cash flow in 2023.

Today, there are 54 Hispanic American banks and credit unions that are FDIC or NCUA insured around the US. We selected Hispanic American-owned credit unions from the National Credit Union Administration's list of minority depository institutions which was also updated in September 2022. In our list of Hispanic American-owned banks and credit unions, many of the institutions listed offer customer support in Spanish and English. You can open up savings accounts, checking accounts, CDs, and money market accounts in most of the institutions listed. To help you learn more about a specific Hispanic American-owned bank or credit union, we've included links to reviews of individual institutions.

Headline inflation slowed in November for the first time in 1-1/2 years, to 10%, raising hopes that sky-high price growth has passed. ECB President Christine Lagarde will likely be careful about calling a peak after last year's "big mistake" of insisting surging prices were "transitory," said Pictet's Ducrozet. ECB Chief Economist Philip Lane reckons wages would be a "primary driver" of price inflation even after energy price shocks fade. Closely-watched business activity data points to a mild recession and latest forecasts should show how the ECB views the coming slowdown. Lane believes record price growth will start to subside next year.

☆ Everyone from the vet to the barber is hiking prices. And there’s no relief in sight
▼ + stars: | 2022-11-22 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

And that’s exactly where inflation can get “sticky,” meaning once prices for services rise they tend to remain at those levels for some time. “When you have strong price pressures in the services sector, they’re likely to last longer,” Nicaj said. That’s the risk that you also take as a business raising prices, because you may lose clients.”To Ryczko, it’s a strategic balancing act. Courtesy Genora Boykins and Sharon Owens“I don’t know of any goods that we are utilizing that haven’t increased in cost,” Boykins said. “Even if it doesn’t necessarily turn around, at least you don’t want [prices] to continue to escalate month after month after month.”

☆ What Cramer is watching Friday — Starbucks soars on China hope, jobs growth still strong
▼ + stars: | 2022-11-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Coterra Energy (CTRA): In Q3, nearly 500% year-on-year revenue growth to $2.52 billion. Cowen downgrades, sees acute pressure from worsening macro; management pulled 30% growth target. Warner Bros Discovery (WBD): $2.5 billion in cash, $50 billion in gross debt. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Delaware-based realtor Claryssa McEnany was helping a client sell a home earlier this year when she witnessed a blatant example of appraisal bias. How appraisal bias affects Black homeownersTesting done by fair housing groups have shown that McEnany's experience isn't uncommon, and that the impacts of appraisal bias can be costly. How does appraisal bias happen? But creating an appraisal report isn't an exact science. What to do if you think you've experienced appraisal discriminationIf you think you've experienced discrimination in the appraisal process, your first step should be to look at the appraisal report.

☆ World Bank sees Western Balkans economy growing 3.4% in'22, 2.8% in '23
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

"While growth in the first half of 2022 proved to be relatively robust, it is clear that the region is now heading into another storm," said Sanja Madzarevic-Sujster, the World Bank Senior Economist. Higher energy and food prices have pushed inflation to levels unseen for many years, eroding purchasing power and business confidence. Food inflation reached as much as 25% in Bosnia, Montenegro and North Macedonia, the report said. Also, the labour market is beginning to cool, with employment slowing amid the high inflation and increased uncertainty. Register now for FREE unlimited access to Reuters.com RegisterReporting by Daria Sito-Sucic; Editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

What sets him apart is that he understands innately something that Messi and Ronaldo had to learn on the fly: In order to be a global icon in the world’s most popular sport in 2022, it’s no longer enough just to play that sport. You must play it brilliantly, virally, and embrace everything that comes alongside it—a permanent reinvestment in your own image.

☆ ECB policymakers put balance sheet run-off on the table
▼ + stars: | 2022-10-15 | by ( Balazs Koranyi | ) www.reuters.com time to read: +3 min

"Once we will have reached neutral territory with our policy rate, it makes sense to consider the roll-off of asset purchases by limiting reinvestments," Knot said in a speech in Washington. Register now for FREE unlimited access to Reuters.com RegisterThe balance sheet run off, part of a broader scheme of monetary policy tightening, is needed as inflation is running at 10% and will stay above the ECB's 2% target for years to come. A presentation to policymakers earlier this month provided a possible timeline for a balance sheet run-off starting in the second quarter but there has been no firm decision by the 25-member Governing Council, sources told Reuters earlier. Others on the Governing Council have also said quantitative tightening should start soon but none have called for immediate action, indicating that policymakers are keen to be done with the bulk of rate hikes before dealing with the balance sheet. Knot also said that rate hikes should not end at the neutral rate, an undefined level, and the ECB will likely have to enter a territory that brakes growth.

Policymakers agreed that markets were tense now so there was no sense in testing investors with a premature reinvestment plan. Policy hawks, normally advocates of tighter policy, also appeared to be on board with this plan, the sources said, as they are prioritising rate hikes and saw the balance sheet question as a secondary issue. Some fear that if a reduction in the balance sheet started soon, that would serve as an argument for a slowdown in rate hikes. The sources added that the discussion did not impact the ECB's 1.7 trillion euro Pandemic Emergency Purchase Programme. Reinvestments in this programme are set to run through 2024 and policymakers are not keen at all to make a change.

☆ Jeremy Grantham and 4 money managers share their top strategies for navigating a bear market in stocks
▼ + stars: | 2022-09-28 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Below we've compiled views from 5 money managers on how to navigate bear market environments. When the going gets tough in financial markets, it can be difficult to know what to do with your money. To help navigate the current environment, we've compiled views from money managers on the best ways to approach investing in bear markets. Jeremy Grantham, founder of GMOJeremy Grantham is no stranger to bear markets — he called the 2000 and 2008 sell-offs, as well as the current one. Essele's top tip for navigating bear markets, however, is a more simple one: "Buy a lot of brown liquor."

☆ Special interest groups representing Amazon to Uber oppose possible crypto regulation in California
▼ + stars: | 2022-09-23 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +8 min

Industry groups representing Amazon, Apple, Block, Coinbase, Genesis, Google, GrubHub, Lyft, Facebook/Meta, Uber, and other companies wrote to the state assembly opposing the law. Nine organizations representing consumers and advocating for economic justice wrote to the state assembly expressing support for the law. Several tech industry groups representing major companies and venture capital firms wrote in to oppose the law. Several organizations advocating for consumers and economic justice wrote to the state assembly expressing support for the law. Interest groups argued that regulation presents an "undue burden"on crypto companiesBlockchain Advocacy CoalitionThe Blockchain Advocacy Coalition wrote to Assemblymember Grayson on August 26.

☆ As Treasury yields spike, short-duration ETFs are beating the market and raking in cash
▼ + stars: | 2022-09-18 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

The JPMorgan Ultra-Short Income ETF ha s pulled in more than $3.5 billion of new money this year. AllianceBernstein launched its first ETFs last Wednesday, including the AB Ultra Short Income ETF , a fund that invests in debt with less than one year to maturity. An inverted yield curve refers to short-term yields that are higher than longer-dated yields. The combination of quickly rising interest rates and an inverted yield curve creates a couple of benefits for short-duration funds. AllianceBernstein's municipal ETF has a management fee of 0.27%, while the fee on the ultra short income fund stands at 0.25%.

Today, there are 56 Hispanic American banks and credit unions that are FDIC or NCUA insured around the US. We selected Hispanic American-owned credit unions from the National Credit Union Administration's list of minority depository institutions which was also updated on June 30, 2022. In our list of Hispanic American-owned banks and credit unions, many of the institutions listed offer customer support in Spanish and English. You can open up savings accounts, checking accounts, CDs, and money market accounts in most of the institutions listed. To help you learn more about a specific Hispanic American-owned bank or credit union, we've included links to reviews of individual institutions.

☆ A powerful Oregon senator revealed a path forward for a long-awaited cannabis banking bill
▼ + stars: | 2022-09-08 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +3 min

Oregon Sen. Jeff Merkley is bullish on the prospects for a cannabis banking bill ahead of the midterms. Previous versions of the bill, the SAFE Banking Act, have failed to pass Congress seven times. The bill would allow federally-chartered banks to work with cannabis companies, but wouldn't legalize cannabis federally. Merkley said that in the past, Democrats have opposed passing SAFE Banking because it didn't include those reforms. "So folks that should have been allies for SAFE Banking have been opposed in the past," Merkley said.

When it comes to managing your money and planning to reach long-term financial goals, understanding the language is key. This glossary of terms focused on money management, saving, investing, retirement planning, loans, and other areas of personal finance can help you decipher the jargon you're likely to encounter along the way. Conforming mortgage: A mortgage that meets the requirements to be purchased by Fannie Mae or Freddie Mac. JJumbo loan: A mortgage that exceeds the borrowing limit for regular mortgages set by the Federal Housing Finance Agency. USDA mortgage: A mortgage offered by a private bank or lender that's guaranteed by the Department of Agriculture.

There are three common metrics to evaluate dividend stocks: Dividend yield, dividend payout ratio, and dividend payout growth. Three important metrics can help you choose the best dividend stocks for your portfolio: dividend yield, dividend payout growth rate, and dividend payout ratio. Dividend payout growthThe dividend payout growth, also known as dividend growth rate (DGR), is the average percentage rate of growth a stock's dividend has experienced over a specific period (usually three, five, or 10 years). Dividend payout ratioFinally, look at the dividend payout ratio, or the percentage of a company's earnings or free cash flow used to cover dividend payments. Dividend yield vs. dividend growth rateA high dividend yield may signal a company that's not destined for a lot of growth.

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