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☆ Fed to ease policy unless there is an upside surprise in jobs market, says strategist
▼ + stars: | 2024-11-18 | 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 EmailFed to ease policy unless there is an upside surprise in jobs market, says strategistIain Stealey, the international chief investment officer of fixed income at J.P. Morgan Asset Management, discusses the path of U.S. monetary policy.

Persons: Iain Stealey Organizations: Fed, Morgan Asset Management

☆ Weaker euro zone growth outlook has led ECB to October rate cut, CIO says
▼ + stars: | 2024-10-17 | 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 EmailWeaker euro zone growth outlook has led ECB to October rate cut, CIO saysIain Stealey, international chief investment officer of global fixed income currency and commodities at J.P. Morgan Asset Management, comments on what to watch for in the European Central Bank's October communications.

Persons: Iain Stealey Organizations: ECB, Morgan Asset Management, Central

☆ This global fund’s stock could rally by 35% if buyback limits are removed, fund manager says
▼ + stars: | 2024-05-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Caledonia Investments could see its stock price soar by more than 35% if restrictions on share buybacks are lifted, according to fund manager Brian McCormick. McCormick, who runs the Jupiter Global Value fund at Jupiter Asset Management, said Caledonia's share buybacks are limited due to restrictions in share ownership as set out in the U.K.'s Takeover Code. In addition, when the fund performs a share buyback while its stock trades below its NAV, it is buying its own assets at a 37% discount. Caledonia's buyback limits When a company buys back shares, those shares are canceled, which can increase the percentage ownership of remaining shareholders. Analysts also agree that Caledonia's limits on share buybacks right now are holding back the share price.

Persons: Brian McCormick, Philip Morris, McCormick, Robert Memmott, Iain Scouller Organizations: Microsoft, Oracle, British American Tobacco, London Stock Exchange, Jupiter Asset, CNBC Pro, London Value Investor Conference Locations: Caledonia, United States

☆ After Vice Media's fall, 4 of its top marketers are starting their own agency focused on AI. Here's how they're pitching clients.
▼ + stars: | 2024-02-07 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

The result is Sounds Fun, which they call an AI and innovation studio and announced this month. He also said Sounds Fun would treat artists with respect, using their creative work with their consent and ensuring they're credited and compensated. One of their highest-profile projects at Virtue, and the kind of work Sounds Fun hopes to build on, was Coke's Y3000 project . For Microsoft's developer conference, Ignite, Sounds Fun worked with artists on a variety of AI experiences, including an AI vending machine that made individualized pieces of art and haikus based on people's utterances. Check out slides from the deck Sounds Fun is using to pitch marketers its work with AI and other technologies.

Persons: It's, Iain S, Thomas, Isabel Muñoz Cadilla, Alex Gangi, Martin Magner, they're Organizations: Virtue, Business, Media, Companies

☆ I sold everything I own to live on a boat with my wife. It's harder than we imagined — but we love it because it made us stronger.
▼ + stars: | 2023-10-14 | by ( Michelle Mastro | ) www.businessinsider.com time to read: +8 min

Iain Cameron and his wife Brioni left Scotland and moved onto a boat in the Caribbean, in 2020. Besides, we both had stable jobs in Scotland: Brioni was an elementary school teacher and I worked in tech as an international technical trainer. For over two years now, living on a boat has made us stronger, more confident, and more appreciative. Iain and Brioni sailing on their boat in the Caribbean. An aerial view of Iain and Brioni sailing off the coast of an island.

Persons: Iain Cameron, Brioni, they've, Cameron, —, we've, Saint Vincent, Iain, Caine, Iain Cameron We've, Manseen Logan Organizations: Service, Facebook, eBay, Robertson, YouTube, Seas, Southampton, Annapolis Locations: Scotland, Caribbean, Glasgow, Edinburgh, Dubrovnik, Croatia, Adriatic, Grenadines, Saint Vincent, United Kingdom, YachtWorld, Bonaire, Guna Yala, Panama, mlogan@insider.com

☆ Expecting a recession? Advisors say you could make 40% returns with a simple bond trade
▼ + stars: | 2023-09-29 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As interest rates potentially peak, investment advisors say there are now opportunities for hefty gains through certain government bonds. This was during the Covid-19 pandemic when the Bank of England had just cut rates to 0.1%. "You potentially could make a good capital appreciation when interest rates start to fall," Amis added. Amis expects the Bank of England to cut interest rates by 0.25 percentage points in August 2024. Meanwhile, interest rate traders in the U.S. expect the Federal Reserve to implement its first rate cut in July 2024.

Persons: Matthew Amis, Amis, Abrdn, Iain Stealey, Stealey Organizations: Bank of England, U.S, Treasury, Bank of, JPMorgan Asset Management, Federal Reserve Locations: U.K, U.S

☆ Economic data fuels risk of ECB policy mistake, JPMorgan Asset Management’s Stealey says
▼ + stars: | 2023-09-14 | 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 EmailEconomic data fuels risk of ECB policy mistake, JPMorgan Asset Management’s Stealey saysIain Stealey, international chief investment officer for fixed income at JPMorgan Asset Management, discusses the European Central Bank’s upcoming rate decision.

Persons: Management’s Stealey, Iain Stealey Organizations: JPMorgan, JPMorgan Asset Management, Central

European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council's monetary policy meeting at the ECB headquarters in Frankfurt, Germany, July 27, 2023. "It's such a close call between the pause and the rate hike," said ING's global head of macro Carsten Brzeski. Traders are torn but favour an ECB pause, pricing in around a 40% chance of a hike. For many economists, one thing is clear: if the ECB has further tightening to deliver, September is likely its last chance. Even the hawks, keeping a hike on the table, say fresh ECB projections on Thursday are key to the decision.

Persons: Christine Lagarde, Kai Pfaffenbach, Reinhard Cluse, Mario Centeno, Isabel Schnabel, Austria's Robert Holzmann, Iain Stealey, Philip Lane, Kaspar Hense, Yoruk Bahceli, Stefano Rebaudo, Dhara Ranasinghe, Susan Fenton Organizations: European Central Bank, ECB, REUTERS, Central Bank, Traders, UBS, JPMorgan Asset Management, Reuters, ING, BlueBay Asset Management, Reuters Graphics Reuters, Thomson Locations: Frankfurt, Germany, Italy

They used a visual technique called stereoscopic photography to see the cave art like never before. The technique made the art look 3D, which helped the archeologists make their new discovery. That's why a team of researchers recently used a technique called stereoscopic photography to observe the cave art in a unique new way. Advertisement Advertisement Watch:Stereoscopic photography is a technique that uses two separate images to give the illusion of 3D. Tracings or sketches might miss nuances in the rocks that 3D images can bring to life.

Persons: Raquel Asiain, Asiain, Pedro Saura Organizations: Service, Photoshop Locations: Wall, Silicon, Pasiega, Spain

Consumer goods makers say the price hikes are necessary, and that they have taken a hit to margins over the past two years. Some companies such as Clorox (CLX.N) have even begun to ease off the hikes to protect sales volumes as input costs fall. "In the U.S. in particular, these pressures are more acute than in Europe," Janus Henderson portfolio manager Luke Newman told Reuters. U.S. consumer strength has begun weakening, "and that's bad news for the consumer companies," Barclays analyst Iain Simpson said. Still, cost inflation has chipped away at margins, which have broadly fallen 2-4 percentage points over the past two years for the consumer goods industry.

Persons: Janus Henderson, Luke Newman, Newman, Richard Marwood, Robert Klaber, Parnassus, Iain Simpson, Alvarez, Marsal, David Chavern, Stephanie Niven, Niven, Irene Jensen, Jensen, Thomas Joekel, Richa Naidu, Jessica DiNapoli, Matt Scuffham, Deepa Babington Organizations: U.S, Consumer, Reuters, Royal London Asset Management, Investments, Biden, Barclays, Procter, Gamble, Consumer Brands Association, Sustainable Equity Fund, Norges Bank Investment Management, Unilever, Reckitt, Investment, Thomson Locations: Ukraine, U.S, Europe, San Francisco, United States

The UK government said last August it would advance a bill in the current parliamentary session, which is expected to end this autumn, providing detailed regulations by 2025. That has not yet happened, with political turmoil forcing the government to water down ambitions for this session. Transport Minister Mark Harper in December said there would no longer be a Transport Bill this session, and did not mention a separate AV bill in an outline of the ministry's legislative agenda. Last month Junior Minister Jesse Norman said he shared AV startups' concerns. They fear a self-driving bill will be crowded out by other vote-winning priorities in the run-up to the election.

Persons: Toby Melville LONDON, Claudio Gienal, Mark Harper, Iain Stewart, Jesse Norman, We've, Kaity Fischer, Wayve, Ashley Feldman, Alexander Dennis, Jim Hutchinson, Oxbotica, Paul Newman, Nick Carey, Ben Klayman, Sharon Singleton Organizations: REUTERS, Ireland, AXA, Transport, United Arab Emirates, Microsoft, Autonomous Vehicles, Stagecoach, BP, Thomson Locations: Oxford, Britain, British, France, Germany, California, London, Bristol, Edinburgh, Fife

☆ In major milestone, wind power was Britain's largest source of electricity in the first quarter
▼ + stars: | 2023-05-12 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

The Gwynt y Mor offshore wind farm, in waters off the coast of Wales. The U.K. is home to a mature offshore wind sector. Wind power was Britain's biggest source of electricity in the first quarter of 2023, overtaking natural gas and highlighting the increasingly important role renewables are set to play in the years ahead. According to researchers at Imperial College London, wind turbines provided 32.4% of Britain's electricity in the first three months of the year. Wind turbines, according to the analysis, produced 24 terawatt hours of electricity.

LONDON, March 2 (Reuters) - Haleon (HLN.L), the world's biggest standalone consumer health business with brands such as Sensodyne toothpaste and Advil painkillers, reported its first full-year results on Thursday which analysts said were in line with expectations. Analysts said on Thursday that Haleon has had a strong start to 2023, and its full-year revenue growth forecast of 4% to 6% was in line or just ahead of consensus estimates. Rivals with consumer health operations, such as Bayer (BAYGn.DE) and Reckitt (RKT.L), have charged higher prices to partly offset broader falls in sales volumes. "Our organic (full-year) revenue growth ... was well balanced between volume and price, with two thirds of the business gaining or holding share," McNamara said. Haleon, which is made up of assets previously owned by GSK and Pfizer (PFE.N) reported organic revenue growth of 9% last year, just ahead of the 8-8.5% increase it predicted for 2022.

☆ Britain's renewable power hits new peak, fossil fuel also rises
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

Wind, solar, biomass and hydro are the main sources of renewable power. Fossil fuel still has a larger share, providing 42% of Britain's power in 2022, which was its biggest contribution to the country's fuel mix since 2016. The country has significantly reduced its reliance on coal, the most carbon-intensive form of power generation. The rise of renewable power cut Britain's carbon emissions by 2.7 million tonnes compared to the previous year, according to Thursday's report. Another report by Drax, once heavily reliant on coal and now Britain's biggest renewable power generator by output, said that between 2010-19, Britain cut its carbon emissions from its power grid further and faster than any other major economy.

☆ Don’t want to give your kid a smartphone? Here are some alternatives
▼ + stars: | 2022-11-25 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

For most parents, figuring out whether to give your child a smartphone can be a challenging task. Indeed, according to a 2021 study, more than two-fifths (42%) of children now own their own phone by age 10. How to decide if your child is readyBefore deciding whether or not to give your child a smartphone, it's important to consider if they are ready for one. How beneficial would a phone be for your child, both in terms of their safety and their social development? "The current evidence doesn't support a specific age at which a smartphone is or is not recommended," Megan Moreno, a pediatrics professor at the University of Wisconsin said.

LONDON, Nov 15 (Reuters) - The moment of truth is almost here for Britain's new prime minister Rishi Sunak and finance minister Jeremy Hunt. British markets have regained some poise after the carnage triggered by September's fiscal statement, but as the UK slips into recession, the outlook is far from rosy. Here's a look at some of the likely winners and losers from Thursday's budget. "Domestic UK equities are being treated with caution by investors both domestically and internationally," he said. snapshotA CRUDE TARGETEnergy companies have reported bumper profits this year, thanks to soaring crude oil and gas prices.

Governor of the Bank of England, Andrew Bailey, speaks during the Bank of England's financial stability report news conference, at the Bank of England, London August 4, 2022. And what they can't allow is for the bond market to be overly volatile," said Iain Stealey, CIO of fixed income at JPMorgan Asset Management. U.S. and German 30-year borrowing costs are up just 16 and 33 bps respectively , this month and the contrast highlights the scale of selling gripping Britain's bond market. The unprecedented bond market moves triggered hefty collateral calls on hedging strategies that many funds are still struggling to meet. Bond market volatility has also raised doubts about whether the BoE can press ahead with its plan to sell some of its bond holdings, a process known as quantitative tightening (QT).

☆ Beckham, o nouă pasiune sportivă. Fostul fotbalist a fost surprins jucând padel
▼ + stars: | 2021-04-02 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Aflat în SUA pentru a monitoriza evoluția clubului său, Inter Miami, fostul jucător de la Real Madrid și Manchester United s-a apucat de padel, un sport aflat la modă în prezent. Beckham a fost surprins în timp ce juca padel cu câțiva prieteni. Participanții folosesc palete fără corzi și o minge asemănătoare cu cea de tenis. David Beckham este proprietarului clubului Inter Miami, care evoluează în Major Soccer League. În sezonul precedent, primul din istoria clubului, Inter Miami a terminat pe locul 10 în Conferința de Est.

Persons: David Beckham, Beckham, Padelul, Englezul, Gonzalo Higuiain, Phil Neville Organizations: Inter Miami, Real Madrid, Manchester United, Major Soccer League, Major League Locations: SUA, Europei, Floridei, americană, de Est

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