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☆ The number of views for Tucker Carlson's new show on Twitter has dropped by 86% since its launch
▼ + stars: | 2023-07-10 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

Tucker Carlson first launched Tucker on Twitter after Fox News ousted him in April 2023. Earlier this year, Tucker Carlson went from Fox News' most popular primetime host to a fired ex-employee. His first show garnered more than 26 million "video views," a Twitter metric that counts a view as anyone who watches a video for more than 2 seconds. His most recent show, for instance, only got 3.8 million video views. Tucker Carlson did not respond to a request for comment.

Persons: Tucker Carlson, Tucker, It's, That's, Matt Binder, Carlson, Carlson's, Elon Musk Organizations: Twitter, Fox News, Morning, . Fox News, Dominion Voting, Fox, Dominion, New York Times, Elon

☆ REITs beginning to break the 18-month downtrend, says BTIG's Jonathan Krinsky
▼ + stars: | 2023-07-06 | 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 EmailREITs beginning to break the 18-month downtrend, says BTIG's Jonathan KrinskyBTIG's Jonathan Krinsky joins 'Closing Bell' to discuss investor sentiment in REITs, apartment REITs improving as the rental market grows, and investment strategies for a bifurcated real estate market.

Persons: Jonathan Krinsky

☆ A fund manager who's beaten 99% of his peers over the last 5 years warns stocks face 'destruction' as hype around AI stocks lifts valuations to dot-com-bubble levels
▼ + stars: | 2023-07-01 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

The S&P 500 is back within an earshot of its January 2021 all-time high as it rides what is now a 24% upward charge back into bull-market territory. And the founder of Smead Capital Management is betting his strategy work for him again when the hype around artificial-intelligence stocks sputters out. Smead Capital ManagementThat means bad news for the broader index when the episode is over, he said. Smead Capital ManagementSecond, the top seven stocks in the S&P 500 have a collective price-to-free cash-flow ratio near 70. Smead Capital ManagementAnd third, the tech sector of the S&P 500 is hitting valuation levels last seen during the dot-com bubble.

Persons: Bill Smead, you've, Smead, Mike Wilson, Morgan Stanley, José Torres Organizations: Morningstar, Smead Capital Management, Apple, Microsoft, Meta, Nvidia, RCA, Smead, Management, Interactive Brokers, Reserve

☆ Gold prices steady on softer dollar, focus on economic cues
▼ + stars: | 2023-06-27 | by ( Arundhati Sarkar | ) www.reuters.com time to read: +2 min

Spot gold held its ground at $1,923.09 per ounce by 1200 GMT while U.S. gold futures edged down 0.1% to $1,932.90. The dollar index (.DXY) eased slightly, making dollar-priced bullion more attractive for overseas buyers. Meanwhile, Julius Baer analyst Carsten Menke said that high interest rates are offering other alternatives than gold to safe-haven seekers. Spot silver rose 0.5% to $22.88 an ounce and was on track for a third straight session of gains. Reporting by Arundhati Sarkar and Seher Dareen in Bengaluru Editing by Christina Fincher, David Goodman and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Han Tan, Jerome Powell's, Julius Baer, Carsten Menke, Arundhati Sarkar, Seher, Christina Fincher, David Goodman, Louise Heavens Organizations: Federal, Fed, European Central Bank, Thomson Locations: U.S, United States, Sintra, Bengaluru

☆ Rent has finally stopped rising. It's great news for tenants and the economy.
▼ + stars: | 2023-06-25 | by ( Alcynna Lloyd | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

US rental growth is now below pre-COVID norms, giving renters more options. Rental growth in the US is now below pre-COVID norms, Jay Parsons, the SVP, chief economist and head of industry principals at RealPage, told Insider. Throughout the pandemic, soaring rental prices — brought on by population growth and heightened demand — have helped to drive inflation to historic levels. With lower inflation, renters can have increased confidence in a more stable rental economy while giving renters more options. "I think over the next year and a half, we're gonna see very limited rent growth," Parsons said.

Persons: —, Jay Parsons, Parsons, Zillow, we're Organizations: Service, Bureau of Labor Statistics, Federal Reserve Bank of Cleveland's, CPI, Federal Reserve Locations: metros

☆ Stock futures are little changed Tuesday night as market rally falters: Live updates
▼ + stars: | 2023-06-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

U.S. stock futures were near flat on Tuesday evening as investors took a breather from last week's market rally. S&P 500 futures inched down by 0.06% and Nasdaq 100 futures lost 0.03%. The S&P 500 slid 0.47%, and the Nasdaq Composite lost 0.16%. Stocks are overbought and in need of a catalyst, according to Quincy Krosby, chief global strategist for LPL Financial. Indeed, last week the S&P 500 hit its highest level since April 2022 and posted its fifth consecutive positive week.

Persons: Quincy Krosby, Jerome Powell, Powell, Krosby, Winnebago Organizations: New York Stock Exchange, Dow Jones, Nasdaq, FedEx, Dow, LPL, U.S, Home, Financial Locations: New York City . U.S, Quincy

☆ Morning Bid: Ready for more rate hikes, and one cut
▼ + stars: | 2023-06-19 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

June 19 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's been predictably subdued in Asia as a U.S. holiday provides a convenient excuse for stocks to consolidate recent hefty gains before a bevy of central bank meetings this week. Most indices are down, with the Nikkei off modestly having climbed 22% over a 10-week streak to hit 33-year highs. The coming week is also jammed with central bank action, led by China on Tuesday where prime loan rates are expected to be cut by 10 basis points. Futures seem unimpressed with just 21 basis points of tightening priced in by September, though one final hike in July is rated as a decent 70% chance.

Persons: Wayne Cole, It's, Antony Blinken's, deigned, Kazuo Ueda, Jerome Powell, Isabel Schnabel, Luis de Guindos, Philip Lane, Sam Holmes Organizations: Nikkei, NASDAQ, Bank of Japan, Federal, Bank of, ECB, Thomson Locations: Wayne, Asia, U.S, Beijing, China, Bank of England, Norway, Switzerland

☆ Analysis-In China's lithium hub, mining boom comes at a cost
▼ + stars: | 2023-06-15 | by ( Siyi Liu | Dominique Patton | ) www.reuters.com time to read: +7 min

FILE PHOTO: A vehicle is seen near a lithium smelter in Yichun, Jiangxi province, China March 30, 2023. It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China’s top lithium producers Ganfeng Lithium and Tianqi Lithium. Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. ‘NATURAL RESOURCES CHAOS’Further dimming the outlook for lepidolite, environmental damage is a growing concern. UBS analysts see China’s supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun’s target.

Persons: ”, Yang Yaohua, Yang, Wu Wei, Eric Norris, ” Norris, Yongxing, Yichun, Ma Jun, ” Ma, Vicky Zhao, Li Qi Organizations: REUTERS, Staff, Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, lepidolite, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence Locations: YICHUN, China, Yichun, Jiangxi province, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi

It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China's top lithium producers Ganfeng Lithium (002460.SZ), (002460.SZ) and Tianqi Lithium (002466.SZ). Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. 'NATURAL RESOURCES CHAOS'Further dimming the outlook for lepidolite, environmental damage is a growing concern. As it gets stricter now, lithium resources in Yichun will lose their competitiveness with the higher costs for environmental protection," Ma said. UBS analysts see China's supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun's target.

Persons: YICHUN, Yang Yaohua, Yang, Wu Wei, Eric Norris, Norris, Yongxing, Yichun, Ma Jun, Ma, Vicky Zhao, Li Qi, Siyi Liu, Dominique Patton, Ernest Scheyder, Tony Munroe, Sonali Paul Organizations: Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, Corp, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence, Beijing Newsroom, Thomson Locations: China, Yichun, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi, Houston

Global oil demand growth will trickle nearly to a halt in the coming years and peak this decade, according to the International Energy Agency, with Chinese consumption set to slow down after an initial pent-up recovery. "The shift to a clean energy economy is picking up pace, with a peak in global oil demand in sight before the end of this decade as electric vehicles, energy efficiency and other technologies advance," IEA Executive Director Fatih Birol said in a statement. Annual demand growth, however, will thin down from 2.4 million barrels per day this year to 400,000 barrels per day in 2028. Global supply capacity will rise by 5.9 million barrels per day to 111 million barrels per day by 2028 in IEA estimates, with growth lulling amid a U.S. slowdown. This will lead to a spare capacity cushion of 4.1 million barrels per day, focused in OPEC heavyweights Saudi Arabia and the UAE.

Persons: Fatih Birol Organizations: International Energy Agency, Organization of, Petroleum, U.S, Global, Saudi, IEA Locations: OPEC, Saudi Arabia, UAE, Russian, Russia

☆ The Federal Reserve paused its interest-rate hikes after 10 consecutive increases
▼ + stars: | 2023-06-14 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

The Federal Reserve announced it's pausing interest-rate hikes at its Wednesday meeting. This comes after 10 consecutive interest-rate increases in 15 months. The Federal Open Market Committee (FOMC) announced it's holding interest rates steady at its Wednesday meeting, putting a pause on the central bank's 10 consecutive increases in 15 months. "Without a meaningful downside surprise in both jobs and inflation, a final interest-rate hike remains in the cards for July." Following the failures of Silicon Valley Bank and First Republic Bank, credit conditions tightened, in part pushing the Fed to skip this month's rate hike amid a lending pullback.

Persons: —, Jerome Powell, Powell, Seema Shah, Shah, Thomas Simons, Simons, Marta Norton, Kathy Gramling, Gramling, Norton, there's, Price Organizations: Federal Reserve, Service, Market, Fed, Asset Management, Jefferies, Valley Bank, First Republic Bank, Morningstar Wealth's America, EY, Consumer, Morningstar Wealth, Norton

☆ Opinion | Soon We Won’t Have Enough Kids to Fill Our Schools. That’s a Problem.
▼ + stars: | 2023-06-14 | by ( Jessica Grose | ) www.nytimes.com time to read: +2 min

The number of school-age children in America is declining. And declining university enrollment based on a lower school-age population — which has been described as a “demographic cliff” — is something that some colleges are already grappling with. K-12 public school systems around the country are facing a similar demographic reality. As The Times’s Shawn Hubler reported in May, “All together America’s public schools have lost at least 1.2 million students since 2020,” according to a survey from the right-leaning American Enterprise Institute. Even in states like Arizona, where there’s been overall population growth in recent years, enrollment has remained below prepandemic numbers, and rural schools in the state have been struggling for several years.

Persons: Shawn Hubler, “, Thomas Dee, ”, there’s Organizations: American Enterprise Institute, Stanford’s Graduate School of Education Locations: America, Chicago, Michigan, Philadelphia , New York City, Seattle, Boston, United States, Florida’s Orange County, Orlando, Pinellas County, Tampa, Arizona

☆ The Fed is about to decide whether or not to keep ramping up its fight against inflation
▼ + stars: | 2023-06-13 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Some anticipate the Fed will raise rates again in July in an attempt to bring inflation down to the 2% target. Even if the Fed forgoes a rate increase on Wednesday, Fed officials have suggested the Fed may hike rates again at later meetings. The survey also found people's expectations of job loss fell 1.3 percentage points to 10.9%, suggesting rising job market strength. "I do not think that wages are the principal driver of inflation," Fed Chair Jerome Powell told reporters after the Fed's May policy meeting. "For instance, recent evidence shows that wage growth tends to follow inflation, as well as expectations of future inflation."

Persons: —, it's, Jerome Powell, Adam Shapiro, Shapiro Organizations: Federal, Service, Committee, Fed, payrolls, Labor Statistics, Labor, Index, BLS, Bureau of Labor Statistics, Silicon Valley Bank, First Republic Bank, New York Federal Reserve, Federal Reserve Bank of San, National Federation of Independent Business Locations: Ukraine, Silicon, Federal Reserve Bank of San Francisco

☆ JPMorgan's commercial real estate chief lays out how Blackstone will help prevent an office market 'catastrophe'
▼ + stars: | 2023-06-05 | by ( Al Yoon | ) www.businessinsider.com time to read: +4 min

Reports on the death of offices are "just wrong," JPMorgan's commercial real estate chief said. Office buildings are losing value as more people opt to work from home and companies need less space. No 'catastrophe' for the office market"You get the headline written that the office market is a catastrophe," Brooks said during a JPMorgan outlook webinar on June 1. In April, Blackstone announced the final close of its Blackstone Real Estate Partners X, the largest real estate fund ever raised, with $30.4 billion in capital commitments. Through its real estate investment trust, Blackstone has maintained some exposure to office buildings.

Persons: Blackstone, delinquencies, Alfred Brooks, Brooks, JLL, Manus Clancy, JPMorgan —, hasn't, They're Organizations: JPMorgan, Blackstone, Blackstone Real Estate Partners Locations: Brookfield, Blackstone, Los Angeles

☆ Blackstone will help prevent an office market 'catastrophe', says JPMorgan's commercial real estate chief
▼ + stars: | 2023-06-05 | by ( Al Yoon | ) www.businessinsider.com time to read: +4 min

☆ Dollar bears bide their time as US economic strength persists
▼ + stars: | 2023-06-05 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Fund managers in the latest BofA Global Research survey named shorting the dollar as the market's third "most crowded" trade. The dollar is "in a very messy transition from bull market to a bear market," said Aaron Hurd, senior portfolio manager, currency, at State Street Global Advisors. Hurd expects the dollar to remain buoyant over the very short term, but decline steadily over the next few years. Most investors believe the dollar will likely remain elevated until U.S. data turns decidedly weaker, allowing the Fed to cut rates. "The dollar strength is entirely related to the fact that U.S. data is actually pretty good," said Alvise Marino, a strategist at Credit Suisse.

Persons: Aaron Hurd, Hurd, Alvise Marino, Bipan Rai, Christine Lagarde, Brian Rose, Saqib Iqbal Ahmed, Ira Iosebashvili, Leslie Adler Organizations: YORK, Futures Trading Commission, Fund, Research, Street Global Advisors, Bears, Federal Reserve, Fed, Traders, Credit Suisse, Reuters, U.S . Treasury, CIBC, UBS Global Wealth Management, European Central Bank, ECB, Thomson Locations: U.S, North America, Europe

A super-charged two-year rally, which saw Chinese spot lithium carbonate prices rise by tenfold, went into brutal reverse over the first part of this year. The slump in China's spot price dragged down the whole lithium pricing chain from spodumene concentrate to hydroxide, albeit to highly varying degrees. But lithium's roller-coaster ride highlights the important role China's spot market and the Wuxi futures exchange play in the fast-growing industry's price discovery process. Many lithium buyers, in other words, will be paying higher prices this year whatever happens in the Chinese spot market. The collapse in China's spot price has far exceeded the decline in the price of Australian spodumene, another closely tracked market indicator.

☆ Italian book-reading hit 22-year low in 2022, after COVID pick up
▼ + stars: | 2023-05-18 | by ( Alessandro Parodi | ) www.reuters.com time to read: +1 min

May 18 (Reuters) - Less than 40% of Italians read a book for pleasure last year, data showed on Thursday, the lowest figure for 22 years, but children were more avid readers than their parents. National statistics bureau ISTAT reported that 39.3% of people above the age of five read at least one book in 2022 for a reason other than study or work. Reading picked up marginally during the COVID-19 pandemic, which interrupted a downtrend that began in 2010, ISTAT said. Only 17.4% of people had read as many as three books in the 12 months prior to the survey, it said. Overall, female readership is 10 points higher than for males, ISTAT said, continuing a trend which began in 1988.

May 18 (Reuters) - Equity markets in North Asia will outperform the broader region this year, buoyed by China's reopening and a post-pandemic recovery-led earnings rebound, investors and strategists said. Liquidity from easing monetary and fiscal policy, along with Asian central banks' early victory on inflation, is expected to defend against an incoming downtrend, keeping North Asian equities resilient. Grace Tam, chief investment officer-Asia at BNP Paribas Wealth Management, expects North Asia to outperform this year following a strong 2022 from South Asian equities. Goldman Sachs sees the north versus south disparity in Asia as a top investment theme in 2023. "China's growth recovery and North Asia's earnings rebound in 2024 remain our key investment themes and overweight areas," it said in its second-quarter outlook.

Foreign holdings of Italian government paper increased in February after 10 consecutive monthly declines, according to Bank of Italy data. "This is a magic moment for Italian bonds," he told Reuters. The share of Italian government debt held by foreign investors fell to below 20% at the end of 2022 from around 50% before the 2008 financial crisis, Bank of Italy data shows. The Italian Treasury has already taken steps to shore up demand for its bonds as the ECB retreats, by boosting purchases among domestic households and companies. Together, Italian families and firms now hold around 215 billion euros, or 9%, of Rome's debt, UniCredit's Cazzulani said, the highest level since mid-2015.

☆ Philippines' finance minister says no reason for rate hike
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +2 min

MANILA, May 15 (Reuters) - The Philippine central bank has no reason to raise interest rates further as domestic inflation is easing, the country's finance minister said ahead of a May 18 monetary policy meeting. Finance Secretary Benjamin Diokno reiterated his stance against a rate hike when he spoke to reporters. "I'm for a pause, that's my opinion. "So over all, there's no reason why we should increase the rates." Some economists believe the inflation downtrend and cooling economic growth have built the case for the BSP to pause in its tightening cycle.

☆ Asia markets set to fall as investors await key U.S. inflation numbers
▼ + stars: | 2023-05-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets fell on Wednesday as investors look ahead to U.S. inflation figures for clues on the path ahead for inflation and by extension, the U.S. Federal Reserve's moves. Economists polled by Dow Jones expect inflation to have increased 0.4% month-over-month in April, and 5% year-over-year. In Australia, the S&P/ASX 200 fell 0.31%, after the country delivered its budget Tuesday night. Mitsubishi Corp recorded record earnings for a second-straight year, with net profit coming in above 1 trillion yen for the first time at 1.18 trillion yen ($8.72 billion)South Korea's Kospi inched down 0.14%, while the Kospi bucked the wider downtrend and gained 0.3%. Hong Kong's Hang Seng index looks set to extend its Tuesday losses, with futures tied to the Hang Seng trading at 19,850 compared with its last close of 19,867.58.

☆ Stocks could soon retest all-time highs as markets react to possible 'thesis-changing' final rate hike from the Fed, Fundstrat says
▼ + stars: | 2023-05-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Stocks face a "make or break" moment this week and could rally to 4,750, Fundstrat said. That's because the Fed could soon issue its last rate hike, which is expected to be bullish for stocks. A Fed pause could be a "make or break" moment for stocks, Lee said, as steep rate hikes weighed heavily on equities in 2022. That's largely because easing inflation indicators could pressure the Fed to hold back on its hawkish monetary policy, Lee said. He has been bullish on stocks through much of the bear market, previously predicting that the S&P 500 would hit another all-time-high in 2022, the year the benchmark index actually sank 20%.

☆ China investment consensus cracks as politics fuel fears
▼ + stars: | 2023-04-28 | by ( Tom Westbrook | ) www.reuters.com time to read: +5 min

It is unlikely to be resolved quickly even if the markets keep rallying and China economy keeps global growth ticking. Data paints a murky picture, but supports brokers' analysis that the bid from long-only money managers is absent. Allocation analysis from data firm EPFR shows a broad downtrend, especially to U.S.-domiciled China funds. EPFR figures show allocation to China funds outside the U.S. has increased for two years and mainland markets' recent performance has also been encouraging. "Our reservations about China's long-term investment prospects are based on our outlook for returns to capital."

☆ A 23-year realtor shares the key tip that has allowed him to negotiate home prices down by up to $129,000 in the current market, and additional tips to save on interest rates
▼ + stars: | 2023-04-20 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Ryan Rogers says home buyers can take advantage of the current real estate market. Rogers recommends looking for properties that have been on the market for more than 30 days. The 30-year fixed rate averaged about 6.62% on Wednesday, down from peaks of above 7% during the last quarter of 2022. But nothing could be farther from the truth, according to Ryan Rogers, a 23-year residential real estate agent with Douglas Elliman in Austin, Texas. Since the start of the year, he has noticed an increase of properties that have been sitting on the market for 30 to 60 days.

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