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☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ Eileen Gu: Competing has ‘taught me how to cope with fear,’ says Chinese freestyle skiing star
▼ + stars: | 2024-01-18 | by ( Michael Johnston | Amanda Davies | ) edition.cnn.com time to read: +6 min

And her next mountain to climb is the Winter Youth Olympic Games (YOG) in Gangwon, South Korea – which begin this Friday – with an eye firmly set on the 2026 Winter Olympics in Italy. Her exploits, both on and off the slopes, led to her recently being named the Global Ambassador for Gangwon 2024. Gu in action during the women's freestyle skiing freeski big air finals at the 2020 Winter Youth Olympic Games. Because no matter where you’re from or what sport you’re in, you’re a similar age, you’re [from a] similar background. But I do notice that people keep their mouth shut around me now, but I think that’s not really fair.

Persons: Eileen Gu, Gu, stokes, ”, Gu hasn’t, Ben Queenborough, OIS, “ It’s, It’s, “, ’ ”, ” Gu, Richard Heathcote, won’t, there’ll, ’ Organizations: CNN, Olympic, Beijing, Big Air, Global, Gangwon, CNN Sport, Stanford University, USA, Sports, Reuters, Youth, Deloitte, Getty, Paris Olympics Locations: Gangwon, South Korea, Italy, China, Lausanne –, Beijing, Switzerland, Canada

☆ US bond investors brace for Fed rate cuts in 2024
▼ + stars: | 2023-11-30 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

Traders' confidence was reinforced earlier this week when Fed Governor Christopher Waller, a hawkish policymaker, flagged a possible rate cut in the months ahead. SOFR FUTURESBond investors also look to the Secured Overnight Financing Rate (SOFR) futures to gauge expectations of Fed rate moves. The June 2024 SOFR futures have priced at least one Fed cut, while the probability of two 25-basis-point rate reductions was at 76%. An OIS transaction involves exchanging an overnight rate such as the federal funds rate for a fixed one. For instance, in a U.S. two-year OIS transaction, one party receives a fixed two-year rate in exchange for paying the fed funds rate daily over the next two years.

Persons: Brendan McDermid, Robert Pavlik, Pavlik, Christopher Waller, Jerome Powell's, It's, Gertrude Chavez, Dreyfuss, Saqib Iqbal Ahmed, Stephen Culp, Alden Bentley, Paul Simao Organizations: Wall, REUTERS, Bond, U.S, Dakota Wealth Management, Fed, Spelman College, Reuters, Thomson Locations: New York, U.S, Fairfield , Connecticut, Atlanta

☆ India rate panel to dial up hawkishness even as it holds policy steady
▼ + stars: | 2023-08-08 | by ( Swati Bhat | ) www.reuters.com time to read: +3 min

A woman walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, April 6, 2023. A July 13-31 Reuters poll of 75 economists showed the central bank was expected to keep its repo rate unchanged at 6.50% at its Aug. 10 policy meeting. The rise in food prices, however, has been sharper than expected this year and is seen lasting longer. The MPC at its June policy meeting also reiterated its intent of nudging inflation towards its medium-term target of 4% and not just holding it below 6%. "It will also possibly emphasise a larger need to be watchful of the second-round effects of high food prices and inflation expectations."

Persons: Francis Mascarenhas, Shah, Pankaj Pathak, Swati Bhat, Sharon Singleton Organizations: Reserve Bank of India, REUTERS, MPC, Capital Economics, DBS Bank, DBS, ANZ, U.S, Fed, AMC, Thomson Locations: Mumbai, India, MUMBAI

The Samsung Galaxy Z Flip 5 is a pricey investment, but it's looking like a worthy upgrade if you're a fan of this form factor. There are plenty of ways to save if you're coming from the previous model, with Samsung offering up to $900 trade-in credit when trading in previous-generation devices like the Galaxy Z Flip 4, Z Fold 4, and S23 Ultra. This is one of the best Galaxy Z Flip 5 deals you'll find ahead of the August 11 release date. You could upgrade to the Galaxy Z Flip 5 for freeSamsung Galaxy Z Flip 5 The Galaxy Z Flip 5 offers big upgrades, and we mean that literally. The Z Flip 5 is bigger and thinner, all at onceThe outer Flex Window on the Samsung Galaxy Z Flip 5 is the main attraction this year.

Persons: you'll, there's Organizations: Samsung, Qualcomm, Wireless

Samsung has introduced the new Galaxy Z Flip 5 at its Unpacked event in Seoul today, so you can put the rumors to rest. Keep reading for more information on the new foldable and how to get the best Z Flip 5 deal from your preorder options available at launch. If you're convinced the changes are substantial enough to justify upgrading, you can preorder your Galaxy Z Flip 5 today in Mint, Graphite, Cream, and Lavender, plus Samsung.com-exclusive shades of Blue, Gray, Green, and Yellow. The smartphone currently in your pocket may be worth up to $900 in trade-in credit, and Samsung is offering up to $540 more if you bundle your purchase with a Galaxy Tab S9 or Samsung Galaxy Watch 6. Like the Galaxy Z Fold 5 it's launching beside, the Galaxy Z Flip 5 introduces an improved Flex Hinge that enables a slightly slimmer build with no gap when closed and better withstands beatings from accidental drops.

Persons: you'll, It's Organizations: Samsung, Samsung Galaxy Watch, Verizon, Mobile, Galaxy Watch, Qualcomm Locations: Seoul

☆ Andrew Bailey’s silence is hurting UK homeowners
▼ + stars: | 2023-07-12 | by ( Francesco Guerrera | ) www.reuters.com time to read: +3 min

LONDON, July 12 (Reuters Breakingviews) - The Bank of England’s silence has left traders in a tizzy. Market interest rates have spiked due to soaring inflation expectations, pushing up mortgage costs. That looks like an over-reaction but unless Governor Andrew Bailey says so, homeowners will pay the price. Now, traders believe rates will be at around 6.2% in a year’s time and stay above 5.8% for a further two years. That spike sent the average two-year fixed mortgage rate to 6.66% on Tuesday, the highest level since August 2008, according to Moneyfacts.

Persons: Andrew Bailey, BoE, abate, Bailey, Liz Truss, Neil Unmack, Pranav Kiran Organizations: Reuters, Bank, Finance, Bank of England, Thomson

Among the best Prime Day deals around, the 512GB model of Samsung's premier flagship phone, the Galaxy S23 Ultra, is now available at a $400 discount for an all-time low price of $979.99 at Amazon. Samsung is also offering $350 off the 256GB Galaxy S23 Ultra and the standard Galaxy S23 is $200 off too. Check out our full guide to the best Prime Day phone deals. Typically, the 512GB version of the S23 Ultra will cost you $1,380, which makes this $400 Prime Day discount an exceptional value. Like the Galaxy S23 and Galaxy S23 Plus, the Galaxy S23 Ultra uses the top Android processor currently available, the Snapdragon 8 Gen 2, in a version that is specially optimized to grant Galaxy S23 phones added performance.

Persons: it's Organizations: Galaxy, Samsung

Among the best Prime Day deals around, the 512GB model of Samsung's premier flagship phone, the Galaxy S23 Ultra, is now available at a $300 discount for an all-time low price of $1,079.99 at Amazon. One of the best Android phones you can buy, the Galaxy S23 Ultra boasts an unrivaled four-camera system, and this Prime Day discount beats this model's previous lowest listing by $45. Typically, the 512GB version of the S23 Ultra will cost you $1,380, which makes this $300 Prime Day discount an exceptional value. The Galaxy S23 Ultra comes with a built-in S-Pen stylus, which you can use to precisely edited photos on the phone's large 6.8-inch screen, which runs at a smooth 120Hz on an OLED display. Like the Galaxy S23 and Galaxy S23 Plus, the Galaxy S23 Ultra uses the top Android processor currently available, the Snapdragon 8 Gen 2, in a version that is specially optimized to grant Galaxy S23 phones added performance.

Persons: it's Organizations: Galaxy, Samsung

☆ Credibility crisis requires BoE to write new plot
▼ + stars: | 2023-06-20 | by ( Francesco Guerrera | ) www.reuters.com time to read: +7 min

LONDON, June 20 (Reuters Breakingviews) - Since May 24, thousands of British people have had their homeowning dreams dashed by a sudden spike in mortgage rates. Unlike many other central banks, the BoE doesn’t provide its own forecasts of how consumer prices will evolve in coming years. The whiplash occurred because traders had to digest the inflation shock without any interest rate guidance from policymakers. Because most banks price home loans off those derivatives, it sent mortgage rates rocketing. The BoE announces its latest interest rate decision on June 22, with traders expecting a 25-basis-point hike, to 4.75%.

Persons: “, Paul Gascoigne, BoE, Andrew Bailey, That’s, Bailey, ”, Charles Goodhart, ’, apocryphally, Seneca, David Roberts, George Hay, Oliver Taslic Organizations: Reuters, Bank of England, Monetary, U.S . Federal Reserve, European Central Bank, Reuters Graphics Reuters, MPC, Financial Times, Fed, Thomson Locations: policymaking, BoE’s

Despite hitting an 18-month low of 4.70% in April, analysts do not expect India's inflation to fall to the Reserve Bank of India's (RBI) 4% medium-term target in a sustainable manner for some time. India has raised rates by 250 basis points (bps) since May 2022, but surprised analysts in April by keeping them unchanged. India's hold on rates contrasts with recent central bank actions elsewhere. "Our goal is to achieve the inflation target of 4% and keeping inflation within the comfort band of 2-6% is not enough," Das said. Das said that the central bank would remain "nimble" with its liquidity operations amid spikes in overnight rates despite surplus liquidity in the banking system.

Persons: Shaktikanta Das, OIS, Das, Michael Patra, Suvodeep Rakshit, Gaura Sen Gupta, Swati Bhat, Sudipto Ganguly, Ira Dugal, Krishna N, Sam Holmes, Kim Coghill Organizations: REUTERS, Reserve Bank of India's, MPC, Reserve Bank of Australia, Bank of Canada, Reuters, Reuters Graphics Reuters, IDFC, Thomson Locations: Delhi, India, Anushree, MUMBAI

The current situation could not be further removed from the last time debt ceiling episodes really spooked markets in 2011 and 2013. The Fed is expected to raise rates again in May and could still even tighten again in June if policymakers think inflation and growth data warrant it. "Some people may be building some debt ceiling risks into their monetary policy expectations," said Benson Durham, head of global policy at Piper Sandler. "The debt ceiling and monetary policy are going to be more intertwined in the coming months." chartThe debt ceiling is the maximum amount the U.S. government can borrow to meet its financial obligations.

☆ US funding stress metric hits three-month high as crisis rattles regional banks
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +1 min

LONDON, March 20 (Reuters) - A market-based indicator of stress in the U.S. banking system jumped on Monday to its highest in three months, as turmoil engulfed regional lenders following the collapse of Silicon Valley Bank. The gap between the U.S. three-month forward rate agreement and the three-month overnight index swap rate, a funding stress indicator, rose to around 18 basis points in London trade from 23.7 bps on Thursday. The so-called FRA/OIS spread which is used to gauge U.S. banking sector stress jumped to 18.2 bps, from closer to 12 bps last week, its highest since Dec. 22. A U.S. official said on Sunday that the deposit outflows that left many regional banks reeling in the wake of SVB's failure had slowed and in some cases reversed, as investors tried to ascertain whether the crisis was contained. Reporting by Amanda Cooper; Editing by Yoruk Baceli and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Market stress indicators flash warnings as banking worries continue
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +3 min

March 20 (Reuters) - Fears of a global banking crisis are continuing to swirl, with investors keeping a close eye on a dashboard of indicators that show how stress is rippling through markets and the banking system. Many of these are continuing to flash warnings, though they have not surpassed levels seen during the COVID-19-fueled market turbulence of 2020. But the spread, measuring the gap between the euro zone three-month forward rate agreement and the overnight index swap rate, is still relatively elevated at around -1 basis points in a sign of lingering concern about financial market stress. Cost of insuring European junk bondsThe cost of insuring exposure to European junk bonds rose to the highest since mid-November on Monday at over 516 basis points. This has risen over 130 basis points since March 7 as riskier assets have borne the brunt of bank turmoil on both sides of the Atlantic.

☆ Want to invest in companies that empower women? Here's what you need to know
▼ + stars: | 2023-03-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Known as gender lens or gender equity investing, the idea is to invest for financial return, while promoting gender diversity. Yet those funds represent less than 0.01% of total equity fund assets in the United States, according to the firm. Her women CEO and CFO clients were getting tremendous results, she said. In January, the asset management firm launched the Hypatia Women CEO exchange-traded fund (WCEO). Women in leadership matters, but we need a more robust scorecard to assess gender equity.

☆ U.S. banks' CDS prices surge as contagion concern widens
▼ + stars: | 2023-03-15 | by ( Mehnaz Yasmin | ) www.reuters.com time to read: +3 min

March 15 (Reuters) - A jump in the cost for Wall Street banks to insure bonds against default on Wednesday was another worrisome indicator of credit stress for investors amid the crisis at Credit Suisse and at U.S. regional banks. Swiss bank Credit Suisse (CSGN.S) fell to a record low on Wednesday. Five-year credit default swaps for the flagship Swiss bank hit a new record high. Credit default swaps on Credit Suisse also inverted on Wednesday with the two-year rising above the five-year, and both hit a new 52-week high, according to data from Ortex. Some analysts believe that the larger banks are resilient and are more worried about the smaller and mid-sized banks.

☆ Analysis: U.S. bank loan plan provides Fed rate hike path amid SVB fallout
▼ + stars: | 2023-03-14 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

Banks can use eligible government securities on their books like Treasuries and agency mortgage backed-debt to guarantee the loans. By comparison, a one-year loan from a Federal Home Loan Bank, a government state enterprise that provides low-cost lending to regional banks, is around 5.4%, according to market participants. In essence, the bank lending program will allow the Fed to keep raising rates." U.S. banks had raised their holdings of government securities during periods of ultra-low interest rates to defend falling interest net margins. Major banks led by Goldman Sachs (GS.N) and Barclays Bank (BARC.L) have called for a pause from the Fed next week.

Investors reeled in their expectations for global central bank rate hikes, and bank stocks tumbled once again. Reuters GraphicsIn the money markets, a closely watched indicator of credit risk in the U.S. banking system edged up on Monday, as did other indicators of credit risk in the euro zone. The gap between two-year euro swap rates and two-year German bond yields , widened by around 20 basis points to 83 basis points, to the highest since Nov. 11. Reuters GraphicsIn Germany, two-year bond yields dropped more than 50 basis points, much more than a drop of 37 basis points on swap rates. Back in late 2008, when failed investment bank Lehman Brothers collapsed, this swap rate went as negative as 300 bps.

☆ Factbox: Key elements of Fed's new US bank funding program
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +4 min

The Bank Term Funding Program (BTFP) will offer loans with maturities of up to a year to banks, savings associations, credit unions and other eligible depository institutions. Here are some key elements of the Fed's program:STRESS RELIEFThe Fed has raised rates from near zero a year ago to between 4.50-4.75% now to combat inflation that hit a 40-year high last year. The same collateral terms will also be available for loans drawn from the Fed's "discount window," its traditional lender-of-last-resort facility. Ordinarily, loan amounts were governed by the market value of the pledged collateral. In fact, the Fed loans are made with "recourse beyond the pledged collateral," which takes into account the fact that the collateral may be impaired.

Investors reeled in their expectations for global central bank rate hikes, and bank stocks tumbled once again. Reuters GraphicsIn the money markets, a closely watched indicator of credit risk in the U.S. banking system edged up on Monday, as did other indicators of credit risk in the euro zone. The gap between two-year euro swap rates and two-year German bond yields , widened by around 20 basis points to 83 basis points, to the highest since Nov. 11. Reuters GraphicsIn Germany, two-year bond yields were last down over 40 basis points, much more than a drop of 24 basis points on swap rates. Back in late 2008, when failed investment bank Lehman Brothers collapsed, this swap rate went as negative as 300 bps.

The U.S. Treasury hit its $31.4 trillion borrowing limit last month. Investors need to actively manage their positions during a prolonged turbulent period in which borrowing negotiations could disrupt markets, Shah said. The Treasury bills yield curve indicates investors are demanding higher returns to hold debt due in August, signaling that it is perceived to be riskier than other maturities. Bid yields of Treasury billsStandoffs over the debt limit in the last decade have largely been resolved without causing major financial turmoil. Bond investors are navigating uncertainty around what they're calling the X-date, when the government can no longer meet its payments.

☆ Analysis: Investors face expensive quest for year-end cash and safe assets
▼ + stars: | 2022-11-14 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +6 min

Money markets too suggest securing cash and quality assets investors need to make a smooth transition into 2023 will be expensive. But analysts noted year-end is still 1-1/2 months away and the spread tends to widen in late November as demand for cash rises. The risk is any unexpected news emerging as liquidity thins further in December, requiring investors to reconsider positioning. BofA said it now sees year-end German repo 6 percentage points below the overnight rate, which it said would still make it the most expensive on record for investors borrowing bonds then. "It's still early days, but (last year's repo pricing) would probably be the best case already in terms of year-end pricing," Commerzbank's Leister said.

Here is a quick primer on what a steep, flat or inverted yield curve means, how it has predicted recession, and what it might be signaling now. The yield curve, which plots the return on all Treasury securities, typically slopes upward as the payout increases with the duration. read more read moreWHAT DOES AN INVERTED CURVE MEAN? Before this year, the last time the 2/10 part of the curve inverted was in 2019. When the yield curve steepens, banks can borrow at lower rates and lend at higher rates.

☆ Factbox: Ticking bomb: The risks the IMF sees to financial stability
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +3 min

Oct 11 (Reuters) - The International Monetary Fund warned on Tuesday of a disorderly repricing in markets, saying global financial stability risks have increased, raising the potential of contagion and spillovers of stress between markets. The IMF's Global Financial Stability Report, which warned of the risks to markets, came as the Fund also cut its growth outlook in its latest World Economic Outlook. read moreHere are key indicators of stress and risks the IMF sees to financial stability:Register now for FREE unlimited access to Reuters.com Register* LIQUIDITYDeteriorating market liquidity conditions may poserisks to financial stability, the IMF said. * CURRENCY SWAPSInternational short-term dollar funding markets have begun to show signs of concern with a widening of the cross-currency basis swap spreads, a proxy for the marginal cost of offshore US dollar funding, the IMF said. * LEVERAGE LOAN MARKET CREDIT CRUNCHTighter financial conditions, mounting liquidity strains, and decelerating earnings growth could presage ratings downgrades and eventual defaults and lower returns for collateralized loan obligations (CLO) investors, the IMF said.

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