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Some hedge funds, wealth managers, and asset managers are still hiring. Layoffs across industries have been dominating headlines in January, and Wall Street has been no exception. Big-name hedge funds like Citadel, D. E. Shaw, and Millennium Management posted double digits in a year that many other investment managers would rather soon forget. Alternative asset managers, meanwhile, are hiring in the private-wealth-management businesses they've spent recent years building out. Emily Landon, the CEO of the Chicago-based headhunting firm The Crypto Recruiter, pointed to the job board Crypto Careers, which has over 2,400 openings.

☆ Texas Instruments' forecasts miss estimates in sign of wider demand slump
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - Chipmaker Texas Instruments (TI) (TXN.O) forecast first-quarter revenue and profit below Wall Street targets on Tuesday as a wider economic downturn threatens to shake demand even in end-markets that were resilient last year. The automotive market was the only exception to weak demand, TI Chief Executive Rich Templeton, who will step down in April, said on Tuesday. TI's revenue fell 3% to $4.67 billion, but beat analysts' average estimate of $4.62 billion, according to Refinitiv data. The company expects revenue of $4.17 billion to $4.53 billion in the first quarter, the mid-point of which is lower than estimates of $4.41 billion. It expects current-quarter earnings per share between $1.64 and $1.90, the mid-point of which also fell short of expectations.

European stocks have vastly outperformed their U.S. peers. The euro STOXX (.STOXXE) benchmark has beaten its U.S. peer, the S&P 500 (.SPX), by over 18 percentage points since September. "It's a very big move in European gas prices and that has dramatically improved the outlook. "Lower gas prices are surely a positive, but their rapid fall also tell us that they can rise just as fast should things go wrong. A closely watched index of European corporate credit (.MERER00) has seen its yield fall nearly 50 basis points this year.

☆ Emerging markets are a top investing trend for 2023. Here's the best way to take advantage
▼ + stars: | 2023-01-23 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

The iShares MSCI emerging market Asia exchange traded fund is up 11% and the iShares core MSCI emerging markets ETF is up more than 10% since the year began. For Kotler, it's emerging market bonds, where his firm has an overweight rating as opposed to a neutral rating on equities. One other factor that should help emerging market countries outperform in 2023 is the winding down of the strength of the U.S. dollar. Some top emerging market bond funds include the iShares JP Morgan USD Emerging Markets Bond ETF , the Vanguard Emerging Markets Government Bond ETF and the VanEck JP Morgan EM Local Currency Bond ETF. Of course, the downside to large emerging market funds is that they tend to be most heavily weighted to China, as it's the largest emerging market country.

☆ Texas Instruments Names Haviv Ilan as New Chief Executive
▼ + stars: | 2023-01-20 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

Texas Instruments Inc.’s leadership transition comes at a challenging time for the chip industry that has gone from a period of shortage to glut. Texas Instruments Inc. on Thursday said its board selected Haviv Ilan as its next president and chief executive, effective April 1. The chip maker said Mr. Ilan will succeed Rich Templeton , who will transition out of these roles over the next two months after nearly 30 years at a senior level at the company. He will remain chairman.

☆ Texas Instruments replaces CEO Rich Templeton with current operating chief Haviv Ilan
▼ + stars: | 2023-01-19 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Texas Instruments on Thursday announced that its CEO for almost 19 years, Rich Templeton, will step down on April 1 as Haviv Ilan, its chief operating officer, replaces him. But Texas Instruments had carried out a similar plan in 2018 that backfired. "Crutcher resigned due to violations of the company's code of conduct," Texas Instruments said at the time. Ilan arrived at Texas Instruments in 1999 by way of the company acquisition of the Israeli wireless startup Butterfly. Before becoming operating chief at Texas Instruments, he had been senior vice president of its analog signal chain and high-performance analog divisions.

☆ Texas Instruments CEO Templeton to step down; company veteran to succeed
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: 1 min

Jan 19 (Reuters) - Chipmaker Texas Instruments Inc (TXN.O) said on Thursday that Chief Executive Rich Templeton will step down from the role in April after nearly 20 years. He will be succeeded by company veteran and Chief Operating Officer Haviv Ilan. Templeton will stay on as chairman of the board. Reporting by Yuvraj Malik in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Watch CNBC’s full interview with Franklin Templeton's Mike LaBella on navigating market volatility
▼ + stars: | 2023-01-12 | 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 EmailWatch CNBC’s full interview with Franklin Templeton's Mike LaBella on navigating market volatilityMike LaBella, Franklin Templeton senior portfolio manager, joins 'Power Lunch' to discuss bond and global markets and December's CPI report.

☆ 2 brothers quit their Wall Street jobs to build ETFs that help everyday investors reach their money goals. They explain how a Ray Dalio-inspired strategy helped their funds outperform the S&P 500 in 2
▼ + stars: | 2023-01-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Brothers Taylor and Brett Sohns have worked on Wall Street for most of their careers. These parameters can be found in what's called the "prospectus," which is a document that outlines the ETF's investment strategy and potential risk. Consider the process of buying cereal, explained Taylor: "Say you want Lucky Charms. The S&P 500 is down about 18% year-to-date, so we're outperforming that by about 5%," explained Taylor. While you may not do exceptionally well, you'll also never do exceptionally bad, explained Taylor: "In a rip-roaring up market, his product and our product will underperform.

☆ Investors shouldn't get overly excited over recent CPI data, says Franklin Templeton's Mike LaBella
▼ + stars: | 2023-01-12 | 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 EmailInvestors shouldn't get overly excited over recent CPI data, says Franklin Templeton's Mike LaBellaMike LaBella, Franklin Templeton senior portfolio manager, joins 'Power Lunch' to discuss bond and global markets and December's CPI report.

CNBC rounds up some of the boldest price calls for bitcoin in 2023. Bitcoin miners, who use power-intensive machines to verify transactions and mint new tokens, are being squeezed by the slump in prices and rising energy costs. "In prior down markets, miner capitulation has usually indicated major bottoms," Ayyar told CNBC. However, Mobius told CNBC that he is sticking for his $10,000 price call in 2023. "There will be a managed bull market in 2023, not a bubble -- so we won't see the price overshooting as before," she told CNBC.

☆ VanEck is winding down its Russia ETFs after invasion froze U.S. investing in Moscow
▼ + stars: | 2022-12-29 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Russian President Vladimir Putin chairs a meeting with members of the Security Council at the Novo-Ogaryovo state residence outside Moscow, Russia November 25, 2022. VanEck is liquidating its Russia-centric exchange-traded funds after the ongoing war in Europe has effectively severed the Russian market from Western investors. Russia ETFs plunged after the country's army invaded Ukraine. VanEck's Russia ETFs — the VanEck Russia ETF (RSX) and VanEck Russia Small-Cap ETF (RSXJ) — were effectively frozen after March 4. VanEck's move follows similar announcements by Franklin Templeton last week and BlackRock in August about their Russia ETFs.

The fed funds rate currently stands in the 4.25%-4.50% range. Plenty of investors believe the Fed will stick to its guns, even if the economy wobbles. The Fed's economic projections showed rates dropping to 4.1% in 2024, higher than estimated three months ago. She is expecting the gyrations that rocked bonds this year to continue, driven in part by investors second-guessing the Fed's commitment to keeping monetary policy tight. "We have a generation of traders that has never seen the Fed not bail it out when push comes to shove."

☆ Here's what Charles Schwab's Liz Ann Sonders has to say about the economy, her favorite book, and investing in a recession
▼ + stars: | 2022-12-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Today's newsletter features my conversation with Liz Ann Sonders of Charles Schwab, and why she thinks the economy's already in a recession. Charles SchwabLiz Ann Sonders is the chief investment strategist at Charles Schwab. Phil Rosen: Can you explain your "rolling recession" assessment of the US economy? Liz Ann Sonders: Typically when you go into a recession, everything's sort of hit all at once. Read the full interview with Liz Ann Sonders here.

☆ Bank of Mexico hiking cycle seen ending with key rate at 11% -Franklin Templeton
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, Dec 8 (Reuters) - Mexico's central bank's monetary policy tightening cycle will likely end in the first half of 2023 with the benchmark interest rate at 11%, before policymakers start to gradually ease rates, a Franklin Templeton executive said on Thursday. Banxico, as the Mexican central bank is called, has increased the key rate by 600 basis points to 10.0% since the middle of 2021 to combat rising inflation. "We believe the terminal rate is going to be at 11% in the first half of 2023," Luis Gonzali, co-chief investment officer of Franklin Templeton's Mexico unit, said during an event with reporters, adding that Banxico will then start to lower rates. Reporting by Noe Torres; Writing by Valentine HilaireOur Standards: The Thomson Reuters Trust Principles.

☆ Foreign equity funds pile into Indian financials as credit cycle picks up
▼ + stars: | 2022-12-06 | by ( Anushka Trivedi | ) www.reuters.com time to read: +4 min

MUMBAI, Dec 6 (Reuters) - Foreign investors are buying into Indian financial firms, lured by the prospects of a fresh credit cycle that may boost the stocks of the country's largest lenders. The optimism is reflected in inflows, with foreign investors buying a net of $1.74 billion worth of Indian financial stocks in November, data released by the National Securities Depository Ltd this week showed. Reuters Graphics"PALATABLE" VALUATIONIndian financial stocks are trading at a premium to their historical average, but that is not necessarily the comparison investors are looking at. This has prompted local and foreign investors to pour money into the domestic equity markets, which hit all-time highs last week. The optimism comes despite financial stocks trading at a premium to their two-year historical average on a price-to-book valuation basis.

☆ Jack Dorsey’s Block backs bitcoin mining company that wants to bring 25-cent electricity to rural Africa
▼ + stars: | 2022-12-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

So in February, she began spitballing creative solutions with two friends, and the three of them landed on a sort-of counterintuitive idea: bitcoin mining. The new 533 kilowatt site in Kenya where 300 kilowatts will be used for bitcoin mining. We're not doing bitcoin for bitcoin," said the lead for bitcoin mining and wallet at Block, Thomas Templeton. Block is also working on a project to make bitcoin mining more distributed and efficient. Making the mining process more accessible has to do with more than just creating new bitcoin, according to Templeton.

☆ A fund manager who's outperformed 99% of his peers over the last 10 years shares 2 beaten-down homebuilder stocks he's betting on — and says the housing market is set to turn around next year with mor
▼ + stars: | 2022-12-06 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

The US housing market has dramatically slowed this year. This is because Smead sees a recession unfolding next year as his base case scenario, in which case mortgage rates would reverse. Yields on 10-year Treasury notes usually fall in a recession, as investors flock toward safehaven assets. "And you're more likely to get to 5.3% mortgage rates if you have a recession." Falling mortgage rates will raise affordability for prospective homebuyers, and will wake up demand that has been waiting on the sidelines for better buying conditions, he said.

☆ Mark Mobius predicts bitcoin could crash 40% to $10,000 next year
▼ + stars: | 2022-12-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Bitcoin could crash to $10,000, a more than 40% plunge from current prices, veteran investor Mark Mobius told CNBC on Thursday. While Mobius expects bitcoin to hover around its current $17,000 level, the move to $10,000 could happen in 2023, he said. "With higher interest rates, the attraction of holding or buying Bitcoin or other cryptocurrencies becomes less attractive since just holding the coin does not pay interest," Mobius said via email. "Of course there have been a number of offerings of 5% or higher interest rates for crypto deposits but many of those companies offering such rates have gone bust partly as a result of FTX. So as those losses mount people become scared of holding the crypto coin in order to earn interest."

☆ Warren Buffett's right-hand man blasted crypto, praised Elon Musk and Tesla, and defended the Fed in a rare interview this week. Here are the 14 best quotes.
▼ + stars: | 2022-11-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Charlie Munger called out fraud and delusion in crypto, days after Sam Bankman-Fried's FTX imploded. Warren Buffett's right-hand man said bitcoin and other crypto should never have been legal. He made the incendiary comments in a rare CNBC interview this week, just days after Sam Bankman-Fried's FTX exchange became the latest crypto player to implode. "It's partly fraud and partly delusion — that's a bad combination. I think that's totally crazy.

☆ Equity markets have not bottomed yet: Franklin Templeton Investments
▼ + stars: | 2022-11-18 | 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 EmailEquity markets have not bottomed yet: Franklin Templeton InvestmentsStephen Dover from Franklin Templeton Investments discusses the two big players on equity markets right now: no Fed put and big geopolitical risks.

☆ Cloud-Security Startup Lacework Taps New CFO as It Weighs IPO
▼ + stars: | 2022-11-17 | by ( Kristin Broughton | ) www.wsj.com time to read: +3 min

Cloud-security business Lacework Inc. on Thursday named a finance chief with public-company experience as the startup lays the groundwork for an eventual initial public offering. He has also held senior finance roles at technology companies ServiceNow Inc. and Hewlett Packard Enterprise Co. At Lacework, Mr. Casey succeeds Mike Staiger, who stepped down in June. Lacework has ample cash from last year’s fundraising round and likely won’t need more capital for at least a couple of years, Mr. Casey said. Additionally, Mr. Casey is helping Lacework adjust its pricing model, for instance by offering customers a wider range of functionalities and price points. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.

☆ Matt Quinlan's high-dividend stock funds hold more than $20 billion in investor assets. The Franklin Templeton vet told us where he finds innovators that can deliver big returns.
▼ + stars: | 2022-11-17 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Historically, big dividend payments have been associated with just a couple of stock market sectors. Franklin Templeton fund manager Matt Quinlan says that's changed in recent years. But inflation and interest rates were extremely low during that period, and it seemed like the growth and spending could go on forever. In a market like today's that's defined by higher interest rates and inflation, which erode returns over time, a solid dividend yield can give buyers a real leg up. He's also run its $24.3 billion Rising Dividends Fund for three years, and its results have been particularly strong across his tenure.

Hedge fund Farallon Capital, for instance, bought nearly 7.8 million shares of Twitter during the quarter that ended Sept. 30, while Franklin Resources, the parent company of mutual fund firm Franklin Templeton, added nearly 2.6 million shares to an existing position of less than 100,000 shares. Shares of Twitter fell to as low as $33 during the third quarter before ending September near $44. The value of Twitter shares jumped 23.2% in October when Musk completed the deal on Oct. 27 by paying $54.20 per share. While some funds reaped short-term rewards, other investors left some potential gains on the table by selling before the October rally in Twitter shares. Wells Fargo & Co (WFC.N) sold 3.7 million shares of the company, while ClearBridge Investments LLC sold 1.9 million shares.

☆ All eyes on the consumer ahead of Black Friday and the holidays
▼ + stars: | 2022-11-13 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Beyond a slew of retail earnings reports, the government will report retail sales figures for October on Wednesday. But the most recent Consumer Price Index figures for October provided some relief for shoppers…and Wall Street. Consumer spending rose 1.4% during the third quarter, according to the government’s most recent gross domestic product (GDP) report. A report on housing starts and building permits data for October will come out towards the end of this week. When Home Depot reported its most recent earnings in August, it noted that customers didn’t make as many purchases as they did a year ago.

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