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☆ Columbia Threadneedle launches real estate ETF even in the face of a potential recession
▼ + stars: | 2023-04-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Columbia Threadneedle is launching the Columbia Research Enhanced Real Estate ETF (CRED) on Wednesday, focused on real estate investment trusts. The private Blackstone Real Estate Investment Trust has repeatedly halted redemptions in recent months because investors have hit the fund's stated withdrawal limits. Columbia Threadneedle does not appear to be alone in thinking the bottom is near for real estate. Jeffrey Gundlach's DoubleLine launched a fixed income ETF focused on commercial real estate ( DCMB ) that began trading earlier this month, and iShares debuted an environmentally focused ETF in February ( ERET ). The University of California also invested $4.5 billion into BREIT, the non-listed Blackstone Real Estate Income Trust , in January.

☆ Mike Dever has a 40-year track record of outperforming various markets by rejecting conventional wisdom. He told us 4 ways investors can mimic his approach today.
▼ + stars: | 2023-04-26 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Mike Dever is the founder and CEO of Brandywine Asset Management and author of "Jackass Investing." Over the course of four decades in investing, Michael Dever has learned that the bedrock of most people's beliefs about the stock market are faulty. Investing in stocks and bonds is adequate portfolio diversification? Dever says investors cost themselves a lot of money every year by falling for phony conventional wisdom, and that there's a better way to invest. Investors also accept limits on how much profit they'll make, but an investor who's concerned about a market downturn might see that as a worthwhile trade.

☆ The EU's divided approach on China might be coming to an end — and the U.S. is unlikely to be happy about it
▼ + stars: | 2023-04-18 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

Chinese President Xi Jinping met with European Commission President Ursula von der Leyen in early April. Xinhua News Agency | Xinhua News Agency | Getty ImagesEuropean Union officials on Tuesday called for a new and joint approach toward China, following French President Emmanuel Macron's controversial comments on Taiwan earlier this month. This has resulted in a divided approach toward China. watch nowShe contended that the relationship with China "is too important for us not to define our own European strategy and principles." For Europe, the intention is to reduce and avoid risks, rather than a complete disengagement from China.

☆ Germany to support critical minerals-rich countries build processing capacity
▼ + stars: | 2023-04-16 | by ( ) www.reuters.com time to read: +1 min

BERLIN, April 16 (Reuters) - Germany wants to help countries that are rich in critical minerals such as Chile, Indonesia and Namibia to build their own processing infrastructure to cut dependency on China, Chancellor Olaf Scholz said on Sunday. Berlin is trying to rebalance its relationship with China and reduce reliance on Asia's powerhouse for key inputs, such as nickel and other critical minerals. Scholz said he supported a free trade agreement between the European Union and Indonesia, which the two parties have been negotiating since 2016. "I am committed to ensuring that we finally get this agreement across the finish line now," he said, adding that geopolitical developments in Europe and in Asia argued for similar deals with other countries such as Mexico and Australia, Kenya and India. Reporting by Riham Alkousaa and Andreas Rinke; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Imbalance had long riled Nissan executives who complained Renault did not pay its fair share of costs for innovation and development. In a joint statement to Reuters, Nissan and Renault said they were working toward final partnership terms that would make them more competitive. Nissan will invest and provide technology for the venture but will limit its operational involvement, one of the people told Reuters. In rebalancing talks, Nissan has pushed for protection of its technology to limit any downside from continued partnership, people involved have said. Among technology Nissan wants to protect is its work on solid-state lithium-ion battery making and its e-Power electric hybrid powertrain, the people said.

☆ Morning Bid: Stocks defy negativity in CPI vigil
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +5 min

The Federal Reserve's interest rate stance hinges on incoming data such as Wednesday's consumer price report, but fears of recession remain just that. And so investors return to scrutinising the Fed to see if the central bank forces the recession by tightening ever further. With Fed policy meeting minutes due later in the day, the runes of what must have been a tense gathering of officials in the middle of the regional banking shock will be eyed closely. Minneapolis Fed President Neel Kashkari reckoned recession was still a risk but inflation wouldn't get back close to the 2% target until next year. Hong Kong stocks (.HSI) underperformed overnight - with geopolitical tensions high surrounding Taiwan and Chinese military operations around the island.

The ECB's systemic risk indicator for the United States, for example, has returned to its lowest level in a year. The near $400 billion that dashed for money funds after the Lehman Brothers bust in late 2008 - despite credit fears in some of those funds - had completely retreated by early 2010. The relative interest rate attraction of bills and repos after the steepest Fed rate rises in 40 years should make this year's flows far stickier - unless or until the Fed were to embark on some dramatic rate easing. Either way, there's now no shortage of savings in cash if or when the lights go green. by Mike Dolan, Twitter: @reutersMikeD; Added chart from Andy Bruce; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ OPEC’s surprise production cut complicates the Fed’s fight against inflation
▼ + stars: | 2023-04-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Energy prices across the globe surged last year when Russia invaded Ukraine, fueling global inflation just as the world’s major economies were beginning to rebalance after the pandemic. Now, with oil prices surging once again, headline inflation could remain elevated for longer or even rise. Even core inflation could be affectedWhile Fed officials consider multiple economic metrics in order to inform their decision making, one of their main points of focus is core inflation, which strips out volatile food and energy prices. However, higher oil prices can eventually push up core prices if they remain elevated for long enough. However, he acknowledged the eventual impact of higher prices.

☆ 'We're still in early innings': The CIO of the first publicly traded AI-driven fund explains how investors can leverage digital technology for big gains — and shares 4 tech stocks to buy to capitalize
▼ + stars: | 2023-04-06 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

He also shared four stocks that stand to benefit from the rise in digital technology and AI. Investing in the AI spaceBesides utilizing AI technology to aid in his investing strategy, Natividad is also very optimistic about investing in the future of artificial intelligence. "We still think we're in the early innings of the AI investment space." "There are a host of ETFs that claim to use AI but AI is not all created equal. Whereas we are focused on an individual portfolio of stocks, others are more macro based," he explained.

☆ Factbox: Economic reliance on China that EU wants to 'rebalance'
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +3 min

[1/2] European Commission President Ursula von der Leyen leaves after an EU summit at the European Council building in Brussels, Belgium March 24, 2023. Von der Leyen said the bloc could not decouple from China, but needed to reduce risk and "rebalance" economic ties. China is the EU's third largest outside market for its cars, and some 15% of EU car exports head there. Chinese EV exports to the bloc shot up to 6.9 billion euros in 2022 from less than 800 million euros in 2020. CLEAN TECHThe EU imports 80% of its solar panels from China, importing 21 billion euros worth in 2022.

☆ Read the memo Google CFO Ruth Porat sent to staff about new cost-cutting, including paring back worker perks
▼ + stars: | 2023-04-04 | by ( Hugh Langley | Samantha Delouya | ) www.businessinsider.com time to read: +5 min

Googlers,This year, one of our important company OKRs is to deliver durable savings through improved velocity and efficiency. Since then, we've continued to rebalance based on data about how programs and services are being used. Improving external procurement is another area where data suggests significant savings — on everything from software to equipment to professional services. We set a high bar for industry-leading perks, benefits and office amenities, and will continue that into the future. Jen, Philipp, Prabhakar, Ruth and Thomas (co-owners of the OKR), on behalf of all PA and Functional leads

☆ Google announces a series of cost-saving measures across the company as it cuts some staff perks
▼ + stars: | 2023-03-31 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

Google has announced a series of cost-cutting measures across the company. Google has announced a series of cost-cutting measures as the company continues to tighten its belt and prioritize its work in artificial intelligence. While they wrote that some of these changes would not be noticeable to many staff, they added that other things "will impact some services Googlers use at work and beyond." The note added that Google is continuing to hire at a reduced pace, while redeploying teams to higher priority work. Here's the memo in full:Googlers,This year, one of our important company OKRs is to deliver durable savings through improved velocity and efficiency.

☆ EU must cut risks in ties with 'hardening' China - EU chief
▼ + stars: | 2023-03-30 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +3 min

Given China's economic size and global influence, the European Union's management of this relationship would be a determining factor for EU economic prosperity and security, she said. "How China continues to interact with Putin's war will be a determining factor for EU-China relations going forward," von der Leyen said in a speech in Brussels. Von der Leyen said it was not viable to decouple from China, but it was vital to focus on reducing the risks posed to Europe. The EU, von der Leyen said, already had a range of measures to counter economic distortions and protect its security interests, but the bloc should also look at the high-tech it shared with a changing China. Since 2019, the European Union has officially regarded China as a partner, economic competitor and systemic rival.

☆ Canada's plugging its labor shortage with 1 million people moving to the country last year, while Biden is maintaining Trump-like policies that keep immigrants out
▼ + stars: | 2023-03-29 | by ( Jason Lalljee | Madison Hoff | ) www.businessinsider.com time to read: +7 min

It's part of an effort to address the country's labor shortage, Canada's immigration minister said. The US could solve its labor shortage too, experts told Insider, but Biden would have to be bolder. President Joe Biden's current course of action could mean that the labor shortage in the US is never really solved. Biden is replacing Trump-like anti-immigration policies with his ownThat's a major reason why the persisting labor shortage will likely never resolve. It's in direct opposition to the kind of policy changes that Peri said the US needs to make to address the labor shortage.

☆ Germany is overhauling its immigration rules to bolster a rapidly shrinking workforce
▼ + stars: | 2023-03-27 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +8 min

Currently, only people with EU passports, or those who have one parent from Germany, are eligible to hold German citizenship. Immigration reforms based on Canada's points system, meanwhile, will make it easier for skilled workers to enter the country without having professional qualifications recognized in Germany. A January survey showed that more than half of German companies are struggling to fill vacancies due to a lack of skilled workers. The number of people who can come and set up businesses will be huge and a huge benefit for the country. "The number of people who can come and set up businesses will be huge and a huge benefit for the country."

☆ IMF chief warns of 'risks to financial stability' at China Development Forum
▼ + stars: | 2023-03-27 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

“Risks to financial stability have increased,” IMF Managing Director Kristalina Georgieva said during remarks at the China Development Forum in Beijing. Last week, concerns about Deutsche Bank and speculation over one of its bond payments also weighed on markets, prompting EU leaders to reassure the public over the resilience of Europe’s banking system. But it would still be a significant improvement on the 3% logged by the world’s second-largest economy last year — and help prop up the global economy. China’s rebound this year will allow it to contribute roughly one third of global growth, according to Georgieva. But the IMF chief urged Chinese policymakers to take steps to shift its economy and “rebalance” it toward more consumption-driven growth.

☆ IMF says risks to financial stability have increased, calls for vigilance
▼ + stars: | 2023-03-26 | by ( ) www.cnbc.com time to read: +2 min

'Think of the unthinkable': IMF chief warns world is a very different place after crises like Covid. International Monetary Fund chief Kristalina Georgieva said on Sunday that risks to financial stability have increased and called for continued vigilance although actions by advanced economies have calmed market stress. The IMF, which has predicted global growth of 2.9% this year, is slated to release new forecasts next month. Georgieva said policymakers in advanced economies had responded decisively to financial stability risks in the wake of bank collapses but even so vigilance was needed. Doing so, she said, could reduce carbon dioxide emissions by 15% over the next 30 years, resulting in a fall in global emissions of 4.5% over the same period.

March 16 (Reuters) - A U.S. bankruptcy judge declined to delay the $1.3 billion sale of crypto lender Voyager Digital to Binance.US, saying Voyager customers should not be forced to wait out a challenge by the Department of Justice that is unlikely to succeed. The government can "can step in at any time" if it believes illegal transactions are happening, but has not presented any evidence that Voyager's crypto transactions are illegal, Wiles said. They argued that the protections could rubber stamp crypto transactions that might be illegal under U.S. securities laws. Binance.US has agreed to pay $20 million in cash to Voyager, and take on crypto assets deposited by Voyager customers. Reporting by Dietrich Knauth in New York; Editing by Alexia Garamfalvi and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ ‘Chaos creates opportunities’: Strategist says to look beyond the SVB fallout — and names his top picks
▼ + stars: | 2023-03-15 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Markets calmed somewhat Tuesday, and Kenny Polcari, chief market strategist at SlateStone Wealth, believes the worst of the equity sell-off is over. "There's a lot of damage done to some of these stocks and they're going to need to rebalance. You need health care, you need consumer staples, you need energy. So yes, I think there are opportunities certainly in the health care space that are good dividend payers as well," he said. While the stock is not a "big sexy tech name," it is a "solid, great drug name," according to Polcari.

☆ Retirement savers can position for a ‘comeback’ after 2022 losses, says advisor. Here’s how
▼ + stars: | 2023-03-07 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

"It's important to remember that as long as you haven't sold those investments, you haven't realized the loss, either, and there is a potential for a comeback." It's reasonable to expect that portfolios will continue to improve in the next year, or even by year-end, she said. More from Personal Finance:Why Social Security retirement age, payroll tax may changeExperts argue Social Security retirement age shouldn't pass 67Return on waiting to claim Social Security is 'huge' Even if one sector of the financial markets performed well, you can't assume that will continue. After a tumultuous year, many older Americans are concerned about their retirement security. Nearly half, or 48%, of retired Americans believe they'll outlive their savings, a separate report by Clever Real Estate found.

☆ ‘World of pain’? These ETF strategies may be the solution for Treasury trading challenges
▼ + stars: | 2023-03-04 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

As short maturity Treasury bond ETFs see big inflows, more investors are taking on single-bond strategies as a solution to macroeconomic challenges. Buying Treasury bonds typically involves opening an account on TreasuryDirect or through brokerage firms like Charles Schwab. When seeking to invest in short-term Treasury bonds, Nadig advised looking for ETF products like this or a competitor's ETF products that offer similar kinds of exposure. On Friday, the 2 Year Treasury (US2Y) yield fell by more than 4 basis points to 4.86%, but returns have still increased 43 basis points this year. The 6 Month Treasury (US6M) currently holds the highest yield at 5.137% as of Friday's close.

☆ White House aims to shift cybersecurity burden from individuals and small businesses to tech providers
▼ + stars: | 2023-03-02 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

The White House released its long-awaited National Cyber Strategy on Thursday, providing a road map for how the Biden administration aims to defend the U.S. from a rapidly growing number of online threats. "The president's strategy fundamentally reimagines America's cyber social contract," Acting National Cyber Director Kemba Walden said during a press briefing on Wednesday. The White House is proposing that legislation establish liability for software makers which fail to take reasonable precautions to secure their products and services. The White House said the work has already started. WATCH: Closing keynote: The White House is serious about cybersecurity

☆ This growth ETF is leaving one of its top competitors in the dust. Here's how they differ
▼ + stars: | 2023-03-02 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

The Vanguard Growth ETF (VUG) has blown past one of its closest competitor from iShares, the S & P 500 Growth ETF (IVW) . The Vanguard fund has a total return of 7.96% this year, while the iShares fund has returned just 3.15%, according to FactSet. The Vanguard funds track the growth indexes from CRSP, while iShares S & P 500 follows products from S & P Dow Jones. Since IT has done well this year and energy has not, ETFs tracking S & P indices have underperformed growth ETFs tracking other indices," Ullal wrote. Meanwhile, the iShares S & P fund has more than a 4% combined weighting in ExxonMobil and Chevron .

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☆ A flight attendant’s secrets to surviving long-haul flights
▼ + stars: | 2023-03-01 | by ( Francesca Street | ) edition.cnn.com time to read: +19 min

CNN —Any air travel can be stressful, but facing down a long-haul flight can be especially intimidating. Flight attendants on long-haul flights are provided with spaces to rest. Flight attendants need to be alert throughout the journey, so they will take it in turns to refuel via mid-flight power naps. Flight attendants will greet a returning colleague with a cup of tea or coffee. For flight attendants, Major says, that will involve working over periods in excess of 24 hours.

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☆ Asian shares edge higher, dollar rally takes a breather
▼ + stars: | 2023-02-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

SINGAPORE, Feb 28 (Reuters) - Asian shares nudged higher on Tuesday, tracking small gains on Wall Street, while the U.S. dollar paused after a sharp rally as month-end flows lift sentiment and investors adjust to expectations of more interest rate hikes. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.25% higher but was set to end the month down about 6%. China shares (.SSEC) was up 0.4% while Hong Kong's Hang Seng index (.HSI) was 1% higher but was on track to end its three month winning streak as the China reopening rally loses steam. China shares have also been weighed down by rising geopolitical tension, with U.S.-China relations the dominant uncertainty at the forefront of investor minds. The dollar index , which measures U.S. currency against six other peers, rose 0.048% and was set to snap a four month losing streak.

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