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☆ Venture capital's new reality check: 'A ton of people looking to get out everywhere'
▼ + stars: | 2024-08-09 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +12 min

PitchBook forecast in a May report that venture firms would raise less than $200 billion in 2024, a 48% drop from the industry's peak in 2021. "They may not see any carry dollars for a long time, maybe into full deployment to the next fund," the growth-stage principal said. AdvertisementBut this type of internal competition, including deal theft and sabotage, has always existed, the growth-stage principal added. 'A ton of people looking to get out everywhere'As the market continues to correct itself, more turnover is likely. "I know a ton of people looking to get out everywhere," the growth-stage principal said.

Persons: —, Michael Moritz, Combinator, they're, Will Champagne, it's, Ellis, Rebecca Zisser, VCs, Junior VCs, there's, Champagne, I'm, inbounds, I've Organizations: Service, Business, TechCrunch, Venture, Bay Area, Big Law, Kirkland, Haize Labs, Area, Junior

HELSINKI (AP) — Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. The company said it is aiming to slash 800 million euros ($843 billion) to 1.2 billion euros in costs by the end of 2026. That is expected to lead to a reduction from 86,000 employees to between 72,000 and 77,000 over that time period. Nokia’s third-quarter sales plummeted 20%, to 4.98 billion euros from 6.24 billion in the same three-month period last year. The company’s biggest unit by revenue — the mobile networks business — declined 24% to 2.16 billion euros, driven mainly by weakness in the North American market.

Persons: it's, Pekka Lundmark, Lundmark, China’s, ” Lundmark, — Organizations: HELSINKI, — Telecom, Nokia, Ericsson, China’s Huawei, South, Samsung, “, North, North America nosedived Locations: Finnish, North American, North America, India

☆ A fund manager beating 99% of his peers over the last 10 years shares 2 'historically' cheap trades to make right now as high stock valuations set the market up for years of dismal returns
▼ + stars: | 2023-09-07 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

In a client note, Faber said he likes US value and international value stocks. A few exchange-traded funds that offer exposure to value stocks include the Vanguard Value ETF (VTV), the iShares Russell Mid-Cap Value ETF (IWS), and the Dimensional US Marketwide Value ETF (DFUV). But an arguably better opportunity lies outside of the US stock market in international value stocks, he said. But the discrepancy, like in the US, between international value stocks and all other international stocks is also at "historically wide levels," Faber said. Cambria FundsInvestors can gain exposure to international value stocks through funds like the iShares MSCI EAFE Value ETF (EFV), the Avantis International Large Cap Value ETF (AVIV), and the Dimensional International Value ETF (DFIV).

Persons: Meb Faber, Faber, Cambria Investment Management's Meb Faber, Russell, Faber's, they're Organizations: Nvidia, Cambria Investment, Morningstar, Vanguard Value, Value Locations: GuruFocus, Cambria

☆ Value and growth strategies are about to switch, BTIG says. These are the ETFs to play it
▼ + stars: | 2023-06-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

This divergence likely resolves with value moving a bit higher and growth moving meaningfully lower," Krinsky said. The iShares Russell 1000 Value ETF (IWD) has an expense ratio of 0.18% and is up about 4% year to date. IVE YTD mountain The IVE has outperformed some of the other large value ETFs in the first half. In fact, the 11 biggest value ETFs have all seen outflows, fitting with Krinsky's theory that the value theme could be due for a rebound. Two large value funds that have seen inflows are Dimensional's U.S. Marketwide Value ETF (DFUV) and U.S.

Persons: Jonathan Krinsky, Krinsky, Russell, — CNBC's Michael Bloom Organizations: Big Tech, Marketwide Locations: U.S

☆ How non-compete clauses cost Americans $300 billion a year
▼ + stars: | 2023-05-07 | by ( Kate Sammer | ) www.cnbc.com time to read: +1 min

The debate over the use and abuse of non-compete has come to a head, with the Federal Trade Commission proposing a new ban on non-competes. The FTC estimates that a ban on non-competes would expand career opportunities for 30 million Americans and increase wages by nearly $300 billion annually. Non-compete contracts were initially given to executive-level employees as a means to protect trade secrets. It is estimated that 18% of U.S. workers are bound by non-compete contracts. Watch the video above to learn more about the FTC's battle to ban non-compete contracts

☆ How to play the risk rally in stocks, a shift in market leadership, and an exclusive chat with the head of iShares
▼ + stars: | 2020-06-09 | by ( Business Insider | ) www.businessinsider.com time to read: +5 min

The last time we spoke, market observers were scratching their heads over the stock market's seemingly unstoppable march higher. Turns out maybe the stock market was right all along. Exclusive interview with the head of iSharesBlackRockETFs helped investors navigate the recent period of volatility, particularly in parts of fixed income where liquidity dried up. This development signals that a new breed of stocks is taking over as the market leaders for the next period of economic expansion. Strategists at the firm highlighted two pairs trades that have been performing well since the stock market hit rock bottom in March.

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