DIRS.INFO The most relevant business & tech news

BRUSSELS, Dec 22 (Reuters) - The European Commission said on Thursday it would hold back all 22 billion euros of EU cohesion funds for Hungary until its government meets conditions related to judiciary independence, academic freedoms, LGBTQI rights and the asylum system. The 22 billion euros is the amount of EU cohesion funds that Hungary is to get from the EU's long-term budget between 2021 and 2027. The 22 billion euros for Hungary are earmarked for programmes including education for disadvantaged children, rail transport upgrades, access to broadband and aid for regions affected by coal plant closures. We'll keep working with Hungarian authorities to overcome this situation," said Elisa Ferreira, EU Commissioner for Cohesion and Reforms. On top of the cohesion funds, the EU is also holding back Hungary's 5.8 billion euros in grants from the EU's recovery fund until the government addresses concerns over the independence of courts.

☆ Analysis: Investors count on bonds to rescue battered 60/40 portfolio in 2023
▼ + stars: | 2022-12-21 | by ( David Randall | ) www.reuters.com time to read: +5 min

A 60/40 portfolio, which typically allocates 60% of assets into stocks and 40% into bonds, counts on moves in the two asset classes to offset one another, with stocks strengthening amid economic optimism and bonds rising during uncertain times. So-called 60/40 portfolios, which mix stocks and bonds, are on place for their first down year since 2018. Though market participants tend to avoid bonds during inflationary times, they are a popular destination for haven-seeking investors when the economy wobbles. Consecutive annual declines in the 60/40 portfolio have been rare. Higher-than-expected borrowing costs or rebounding inflation could deal another blow to investors in both stocks and bonds.

☆ Elon Musk's Tesla stock sales are throwing gas on a burning fire, and the EV maker's board may be forced to confront the Twitter sideshow, Wedbush says
▼ + stars: | 2022-12-15 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Elon Musk's continued sales of Tesla shares as he focuses on his newly acquired Twitter is denting the EV maker's brand, Wedbush analyst Dan Ives said Thursday. The Tesla CEO cashed in another $3.6 billion of Tesla stock this week. A Securities and Exchange Commission filing revealed Wednesday that Musk — the CEO of Tesla and privately held Twitter and Space X — cashed in another $3.6 billion of Tesla stock this week. Tesla stock has plunged about 55% in 2022, partially stemming from some investors seeing Musk's attention on the social media site as a distraction. On Wednesday, Loup Capital's Gene Munster said Musk's mistakes surrounding Twitter is damaging Tesla's brand and he needs "to pull it together."

☆ Missed China's reopening rally? Bank of America names global stocks to ride the second leg
▼ + stars: | 2022-12-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Investors will have a second opportunity to take part in the stock market rally after China announced a relaxation of Covid-19 restrictions, according to Bank of America. The Wall Street bank said Chinese stocks had risen substantially after Beijing's "credible policy easing actions" triggered a risk-on move in markets. The bank said it was now seeing "nascent signs" of fundamental earnings data turning positive for stocks, which is likely to set off the second leg of a market rally. The bank named 30 global stocks exposed to China to leverage the "cyclicals and re-opening" theme. According to Bank of America, nearly a quarter of the company's revenue comes from sales to China.

☆ Trump isn’t the only thing that could rock American democracy
▼ + stars: | 2022-12-08 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

In a rare bright spot for democracy in the wake of the US Capitol insurrection, Walker – unlike Trump after 2020 – conceded his loss. But looking to the next election, there’s a brewing fight over which states should have the first say in the presidential primary process. The most core question raised this week is being put to Supreme Court justices. Removing a check from the systemThe leap from Trump’s call to end the Constitution to the independent state legislature theory isn’t that far. Under the map approved by the state Supreme Court and after last month’s midterm elections, the delegation will be an even 7-7 when the new Congress is seated in January.

WANA (West Asia News Agency) via REUTERSWASHINGTON, Dec 2 (Reuters) - The United States on Friday designated China, Iran and Russia, among others, as countries of particular concern under the Religious Freedom Act over severe violations, U.S. Secretary of State Antony Blinken said. Blinken in a statement said those designated as countries of particular concern - which also include North Korea and Myanmar - engaged in or tolerated severe violations of religious freedom. The United States has expressed grave concerns about human rights in the western Chinese region of Xinjiang, which is home to 10 million Uyghurs. The other countries designated as countries of particular concern were Cuba, Eritrea, Nicaragua, Pakistan, Saudi Arabia, Tajikistan and Turkmenistan. Religious Freedom Act of 1998 requires the president – who assigns the function to the secretary of State – to designate as countries of particular concern states that are deemed to violate religious freedom on a systematic and ongoing basis.

☆ The C-Suite Survival Guide to Inflation and Economic Turbulence
▼ + stars: | 2022-11-27 | by ( Brian Hershberg | ) www.wsj.com time to read: +5 min

C-suite executives and other business leaders are planning for a period where inflation is sticky, interest rates are rising, the geopolitical landscape is fraught with tumult and the economy is slowing. U.S. retailers, for instance, are struggling to balance consumer expectations for discounts and the need to keep raising prices to offset high inflation. Real-estate companies are finding it costly to hedge their floating-rate debt amid surging interest costs, and even highly rated companies are pursuing term loans instead of bonds to save on interest costs. In Europe, the war in Ukraine is driving inflation, food shortages, and the prospect of a long, cold winter. Here is how marketing executives can continue to sell their brands to consumers during tight times.

The average year-to-date losses on Thanksgiving days in these years was 10.5%, and the average rise post-Thanksgiving through Dec. 31 was 1.5%. The S&P 500's year-to-date loss on Thanksgiving Thursday this year was 15.5%, having been down as much as 27% in mid-October. chartIf ever there was a year Wall Street was primed to register an above-average whoosh in the last few trading weeks of the year, this is it. Even beyond investors' instinctive "FOMO" (fear of missing out) on the upswing underway, positioning is extremely light and portfolios are historically underweight stocks. Relative to average positioning over the past 10 years, investors' biggest underweight position this month is in stocks.

☆ High interest rates bring winter gloom to Canada's housing market
▼ + stars: | 2022-11-15 | by ( Julie Gordon | Megan Rowling | ) www.reuters.com time to read: +4 min

[1/2] A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio/File PhotoOTTAWA, Nov 15 (Reuters) - Canada's housing market has gone cold, with buyers sidelined by soaring borrowing costs and sellers holding off listing in hopes of a spring rally, while higher interest rates mean prices need to fall more before any rebound materializes, experts say. "We do have quite a bit of fundamental demand still out there ... but the market just can't clear at current prices because of where interest rates have gone," said Robert Kavcic, senior economist at BMO Capital Markets. Variable rate mortgages - home loans in which the interest rate fluctuates based on market conditions - have more than tripled since March, with strict stress tests making qualification even tougher. "If investors aren't interested in buying condos, the whole market starts to slow down," he said.

☆ JPMorgan cuts Carvana price target, asserts used vehicle retailer is 'far from out of the woods'
▼ + stars: | 2022-11-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Expect more trouble ahead for Carvana , JPMorgan Chase says. Analyst Rajat Gupta slashed the bank's price target on the used-vehicle seller to $10 from $20 a share, citing the company's mounting net debt and ongoing volume pressures. To be sure, JPMorgan views a downturn scenario where Carvana can ride out the headwinds. But the company's rising net debt and "direction of fundamentals" is not enough to support the current price target, Gupta wrote. JPMorgan's new price target means shares could rally 35% from Monday's close.

☆ Trump defended hosting the Saudi-backed LIV golf tournament by saying 'We have human rights issues' too. Human rights experts agrees and say Trump himself was responsible for many during his presidenc
▼ + stars: | 2022-11-06 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +7 min

Human rights groups have previously called Trump out for exacerbating human rights violations while president. "We have human rights issues in this country too," Trump said on October 30 after reporters asked whether he was concerned about human rights abuses in Saudi Arabia. Human rights groups have acknowledged that the US, like many countries, has its share of human rights issues and violations. Alison Leal Parker, Managing Director for the US Program at Human Rights Watch, told Insider that "the wholesale assault" of fundamental human rights under Trump was "unprecedented." "Every previous administration, including the current one, including the Biden administration, has been responsible for human rights violations," Parker said.

☆ Oil slips on strong dollar after Fed rate hike, tight supply lends floor
▼ + stars: | 2022-11-03 | by ( Arpan Varghese | ) www.reuters.com time to read: +2 min

A strong dollar is dragging down oil, with some market participants also likely booking profits following recent gains, CMC Markets analyst Tina Teng said. read moreA strong dollar reduces demand for oil by making the fuel more expensive for buyers using other currencies. "With the Fed confirming a higher peak in rates, a darkened global economic outlook could continue to pressure the oil futures markets," Teng added. The European Union's embargo on Russian oil for its invasion of Ukraine is set to start on Dec. 5 and will be followed by a halt on oil product imports in February. Reporting by Arpan Varghese and Muyu Xu; Editing by Himani Sarkar and Richard PullinOur Standards: The Thomson Reuters Trust Principles.

☆ The Fed could lay the groundwork for a year end rally in the week ahead
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.

☆ How startup Hilma raised a $3 million seed round from backers, including a former Nike exec and a Bonobos cofounder, to make running shoes more inclusive for women
▼ + stars: | 2022-10-27 | by ( Matthew Kish | ) www.businessinsider.com time to read: +5 min

The problem: Running shoes historically have been based off the shape of a man's foot. Hilma's shoes are made in varying shapes and widths in order to provide the perfect fit for every runner, regardless of foot shape or ability. Woman in Hilma running shoes. Hilma's launch follows Lululemon's footwear launch, which similarly prioritized female consumers and continues to exceed the company's expectations. Hilma's shoes are made in China and warehoused in the US before shipping to consumers.

☆ 'Run, don't walk' from index funds, says a hedge fund manager who ran one of the best-performing mutual funds. He breaks down why most funds aren't ready for a two-stage bear market that could last ov
▼ + stars: | 2022-10-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

George Noble says most fund managers and index funds aren't equipped for the changing economy. He admits that equity hedge funds haven't fared well in the last decade when their performance became mediocre. Between 1991 to 2009, he ran two hedge funds that eventually closed. He points to the Goldman Sachs Hedge Fund VIP Index, a collection of the top long-equity holdings within the portfolios of fundamentally driven hedge fund managers, as an example. For this reason, index funds, technology funds, and high-growth funds are a disaster.

☆ Investors should swap these 39 big portfolio losers for more promising counterparts to cut their tax bills and position themselves for bigger profits, Wall Street firm Evercore says
▼ + stars: | 2022-10-23 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

As the year ends, investors will start to incorporate tax loss harvesting into their strategies. Selling some stocks at a loss can allow investors to defer taxes on more successful positions. Julian Emanuel at Evercore explains what to sell at a loss, and what to swap in for 2023. The stock and bond markets have given investors headaches this year, but as 2022 comes to a close, at least their losses can give investors a tax break. Below are the stocks Evercore thinks investors should use as tax loss targets, and those they think investors should swap them out for.

The discovery of nearly 100 migrants found stripped naked near the border between Greece and Turkey has sparked an angry dispute between the neighbors and calls for an urgent investigation. The two countries have blamed each other for the apparent mistreatment of the 92 men, after images shared on social media shocked people at home and abroad. “Turkey's behavior toward 92 migrants whom we rescued at the borders today, is a shame for civilization,” he said on Twitter. “We expect Ankara to investigate the incident and protect at last, its borders with the E.U.”Part of an image of the men that was shared by the Greek migration minister. Frontex, the European Union’s border agency, assisted in the rescue of the 92 men, some of whom had “visible injuries,” spokesperson Katarzyna Volkmann told NBC News in an emailed statement.

☆ 9 Stock Picks, Investing Strategy From Top 1% Fund Manager in 2022
▼ + stars: | 2022-10-14 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

James Abate's fund has beaten 99% of its peers this year and over one, three, and five years. Here are his 9 standout stock picks which he says have enough pricing power to beat the bear market. He compared this dogmatic style of investing — purposely ignoring opportunities in the market — to horses running around a track with blinders on. Within energy, Abate specifically likes more gas-related names versus oil-related ones, with two standouts including Exxon Mobil (XOM) and EQT (EQT). Below is the full list of Abate's nine standout stocks along with the ticker, market capitalization, and sector for each.

☆ Top 5 and bottom 5 Club stocks between the S&P 500's old June low and Monday's new one
▼ + stars: | 2022-09-27 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +15 min

Walmart (WMT) and Chevron (CVX) were in the Trust on June 16, but we exited those stocks Aug. 1 and Sept. 7 , respectively. On the other hand, Starbucks (SBUX) and off-price retailer TJX Companies (TJX) entered the portfolio Aug. 22 and Aug. 24 , respectively. Top performers Leading the way was Wynn Resorts (WYNN) , gaining 22.6% between the old June low and Monday. Advanced Micro Devices (AMD) was next , falling 19.20% between the old June low and Monday's new one. Pioneer Natural Resources (PXD) saw the fifth-largest decline among portfolio stocks, declining 14.94% between the old June low and Monday.

☆ How to invest in the education tech trend as schools spend billions to close the Covid learning gap
▼ + stars: | 2022-09-17 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +11 min

In a race to catch up, school districts are putting an increased emphasis on assessments to ferret out students' weak spots. Chronic absenteeism is already a rampant problem that is continuing to worsen, particularly in school districts with low-income students. She also said products need to be engaging for students, while also providing evidence that the methods used are effective. "Districts need products that work," she said. "They don't need products that look sexy or that have, you know, exciting front ends, they need products that are actually going to work and support students to improve learning."

☆ Why Indian markets are 'moving ahead of fundamentals'
▼ + stars: | 2019-12-12 | 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 EmailWhy Indian markets are 'moving ahead of fundamentals'Pramod Gubbi of Marcellus Investment Managers says Indian markets are "clearly" moving ahead of fundamentals in anticipation of more reforms and stimulus announcements, which could include a personal tax cut.

☆ This map shows the US really has 11 separate 'nations' with entirely different cultures
▼ + stars: | 2018-06-18 | by ( Mark Abadi | ) www.businessinsider.com time to read: +1 min

The United States has many regions, and author Colin Woodard argues that it can be divided into 11 sub-nations. AdvertisementThe United States comprises several different regions, each with its own rich history and cultural identity. Exactly where those regions start and end has been a long-running debate, but according to author Colin Woodard, the United States can be divided into 11 distinct sub-nations. Woodard mapped out the regions in his 2012 book "American Nations: A History of the Eleven Rival Regional Cultures of North America." Recognizing the distinct values of each region is critical to understanding the United States, Woodard said.

Persons: Colin Woodard, Woodard Locations: States, El Norte, United States, North America, Midlands, New Jersey, New Mexico, Maine

Search resuls for: "of Fundamental"

22 mentions found