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☆ Bolster your portfolio for any Election Day outcome
▼ + stars: | 2024-11-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

With Election Day underway, income investors should soon find out how their portfolio may — or may not — be affected by the outcome. Harris has said she wants to boost the corporate tax rate to 28% and increase the top rate for long-term capital gains to 28% for those making more than $1 million. That means that those who are buying AMT bonds but not paying AMT are getting free income, he said. Lastly, a higher corporate tax rate could also spur banks and insurance companies to return to the muni market. The companies owned a lot of municipal bonds when the tax rate was 35% and many bought more corporate bonds when the tax rate fell to 21%, Brandon said.

Persons: Colleen Cunniffe, Donald Trump, Kamala Harris, Collin Martin, Martin, Trump, Harris, Dan Close, Craig Brandon, Brandon, Andrzej Skiba, Skiba, Schwab's Martin, Cunniffe, Cunniff, Darla Mercado Organizations: Vanguard, Wells Fargo Institute, Schwab Center, Financial Research, US, Treasury, —, munis, Morgan Stanley Investment Management, Investors, Trump, RBC Global, Management, Federal Reserve Locations: China, Nuveen, U.S

☆ How to position fixed-income portfolios for a Trump or Harris win, according to RBC
▼ + stars: | 2024-10-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Income investors have a lot riding on the outcome of next week's presidential election, according to RBC Global Asset Management. Positioning if Harris wins A win by Harris would be constructive for fixed-income, Skiba said. With money markets close to multi-year highs, there is a lot of money that investors can put to work, he noted. There is $6.51 trillion sitting in money market funds as of the week ended Oct. 23, according to the Investment Company Institute . "There actually might be a window of opportunity for fixed-income investors to reposition their portfolios without too much pain incurred in the process," Skiba said.

Persons: Andrzej Skiba, Donald Trump, Trump, Kamala Harris, Skiba, Harris Organizations: RBC Global Asset Management, Federal, Trump, Investors, Investment Company Institute Locations: U.S

☆ Tampa Bay's main hospital is built on a low-lying island. Hurricane Milton could push its defenses to the limits.
▼ + stars: | 2024-10-09 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +4 min

Tampa General Hospital is bracing itself for Hurricane Milton with an AquaFence flood barrier. AdvertisementAs Hurricane Milton approaches Florida's central-west coast, Tampa General Hospital, located on a low-lying man-made island, is bracing for disaster, and is preparing to put its flood defenses to the test. Although the fence was successful in protecting the hospital from Hurricane Helene a couple of weeks ago, Hurricane Milton may prove more challenging. A previous disaster-planning project, modeled after a fictional "Hurricane Phoenix" that was more devastating than Milton is expected to be, highlighted Tampa General Hospital's vulnerabilities. Tampa General Hospital did not immediately respond to a request for comment from Business Insider.

Persons: Milton, —, Hurricane Helene, Hurricane Milton, Tampa's, Jane Castor, Castor, Jennifer Crabtree, Crabtree, Erinn, Skiba Organizations: Tampa General, Hurricane Milton, Service, Tampa General Hospital, National Hurricane Center, Tampa Bay Times, Bloomberg, Business, Tampa Bay Business, Florida Office, Insurance Locations: Tampa, Florida's, Hurricane, Davis, Tampa Bay, Hillsborough, Hurricane Milton, Florida

☆ Labor market will now determine the Fed's rate trajectory, says RBC's Andrzej Skiba
▼ + stars: | 2024-09-27 | 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 EmailLabor market will now determine the Fed's rate trajectory, says RBC's Andrzej SkibaAndrzej Skiba, RBC Global Asset Management head of US fixed income, joins 'Money Movers' to discuss the economy's most recent inflation readings, how much the labor market is weakening, and much more.

Persons: RBC's Andrzej Skiba Andrzej Skiba Organizations: Labor, RBC Global Asset Management

☆ March data may give the Fed some comfort to cut rates later this year, says RBC's Andrzej Skiba
▼ + stars: | 2024-03-14 | 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 EmailMarch data may give the Fed some comfort to cut rates later this year, says RBC's Andrzej SkibaAndrzej Skiba, RBC Global Asset Management head of U.S. fixed income, joins 'Money Movers' to discuss why the Federal Reserve has the incentive to wait on rate cuts, concerns Skiba has in parts of the markets outside of equities, and much more.

Persons: RBC's Andrzej Skiba Andrzej Skiba, Skiba Organizations: RBC Global Asset Management, Federal Reserve

☆ Homeowners associations can be a boon, or bust, for buyers. Here's how to vet HOAs when house hunting
▼ + stars: | 2023-11-05 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Different types of homes can be affiliated with an HOA, from single-family homes to co-operatives. Single-family homes are separate units where residents own both the plot of land and the house on it, said Clare Trapasso, executive news editor at Realtor.com. They have their own entrances and access to the street and don't share utilities or other systems with other homes. In a condo, residents own their individual units but jointly own the land and the common areas with other residents. Condos are run with a board of people on the homeowners association making decisions for the community, said Jaime Moore, a premier agent for Redfin.

Persons: Clare Trapasso, Jaime Moore, Thomas M, Skiba, Homebuyers, Moore, Redfin's Moore Organizations: Community Associations Institute Locations: New York, Boston, HOA, Nevada

☆ In some states, it's 'nearly impossible' to buy a home that isn't part of a homeowners association, expert says
▼ + stars: | 2023-10-31 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +8 min

These communities are usually overseen by homeowners associations. Homeowners associations, also known as HOAs, are self-governing organizations that implement rules for homeowners and renters within common-interest communities. The board may choose to hire a management company, many of which are for-profit, to help run day-to-day operations. Roughly 84% of newly built, single-family homes sold in 2022 belonged to homeowners associations, according to the U.S. Census Bureau. "But it seemed like [the deal] never got to the management [company] or homeowners association," Enrique Inostroza said.

Persons: Jewel Inostroza, Enrique, Gen Z, it's, Deborah Goonan, Inostroza, Enrique Inostroza, Mark Licea, HOA, Bradley, Tom Skiba, Skiba, Steve Horvath Organizations: Homeowners, Finance, . Census, Communities, CNBC, Management, HOA, Sentry Management, Community Associations Institute, Economics, Rocket Mortgage, HOA United Locations: Newnan , Georgia, HOA, U.S

☆ Blink-182 and the Rolling Stones Bring Rock Back to the Top 10
▼ + stars: | 2023-10-30 | by ( Ben Sisario | More About Ben Sisario | ) www.nytimes.com time to read: +1 min

New releases by Blink-182 and the Rolling Stones score high on the Billboard album chart this week, while the music industry waits to see just how gigantic Taylor Swift’s latest rerecording will turn out to be. 2, and the Rolling Stones’ “Hackney Diamonds,” the group’s first album of new material in 18 years, and first studio LP since the death of its drummer Charlie Watts in 2021, opens at No. 3 with 8.4 million streams and 94,000 copies sold as a complete album. It is the Stones’ 38th LP to reach the Top 10. (In Britain, “Hackney Diamonds” went to No.

Persons: Taylor, Tom DeLonge, Mark Hoppus, Travis Barker, Matt Skiba, DeLonge —, ”, Charlie Watts Organizations: “, Airwaves Locations: “ California, United States, Britain

☆ Still-hawkish Fed pauses rate tightening after 10 straight hikes
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +13 min

While the market expected a hawkish pause, this is even a little bit more hawkish than market participants anticipated and that’s why you’re having a negative reaction in risk assets. So, it does suggest that the Fed is looking to tighten policy further, but the big question is can the Fed credibly commit to two more rate hikes if they just decided to actually hold rates steady. And what is the threshold for further rate hikes? “GEORGE YOUNG, PORTFOLIO MANAGER, VILLERE & CO, NEW ORLEANS"This a pregnant pause, meaning that they said they're going to pause hikes today but they're going to increase later. ANGELO KOURKAFAS, SENIOR INVESTMENT STRATEGIST, EDWARD JONES, ST LOUIS"We're seeing a more hawkish pause.

Persons: QUINCY KROSBY, Powell, He’s, BRIAN JACOBSEN, MENOMONEE, ” ANDRZEJ SKIBA, ” GENNADIY GOLDBERG, they’ve, ” ELLEN HAZEN, Logan, Waller, “ GEORGE, ANGELO KOURKAFAS, EDWARD JONES, They've, MICHAEL BROWN, hawkishly, WHITNEY WATSON, GOLDMAN, “, STOVALL, ” PAUL NOLTE, MICHAEL JAMES Organizations: YORK, Federal Reserve, Federal, U.S, RBC, CPI, PPI, Powell &, Cleveland Fed, Global Finance, Markets, Thomson Locations: U.S, CHARLOTTE, NC, WISCONSIN, WELLESLEY , MASSACHUSETTS, ORLEANS, GOLDMAN SACHS, Manheim, ALLENTOWN, CHICAGO

☆ Poland's Bank Pekao first-quarter net profit surges 60%
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

GDANSK, April 27 (Reuters) - Pekao's (PEO.WA) first-quarter net profit rose 60% to 1.45 billion zlotys ($349.7 million), underpinned by an improvement in its net interest income, with no unusual events encumbering the earnings, the Polish bank said on Thursday. The quarterly numbers came in above analysts' expectations of 1.30 billion zlotys. Net interest income for the period rose 34% to 2.77 billion zlotys. The bank's management recommended a dividend payment of 3.65 zlotys per share from 2022 net profit. Net interest margin in the first quarter rose to 4.15% from 4.13% in the prior quarter, and 3.44% in the first quarter of 2022.

US inflation, Fed rates and marketsU.S. stocks ended sharply higher on optimism the Fed could be nearing the end of its aggressive rate hiking cycle. The yield on two-year Treasuries , which reflect the outlook on interest rates, rose 0.5 basis point to 3.977% and 3.3 basis points to 3.454% on 10-year notes . "That's why we do not have those dramatic moves in U.S. Treasuries on the back of better-than-expected inflation data." The dollar index fell 0.5% to its lowest level in more than two months, while the yen strengthened 0.29% to 132.74 per dollar. The Aussie dollar rose 1.0% on the back of surprise surges in both Chinese exports, which rose 14.8% compared with last March, and domestic Australian jobs.

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 10, 2023. Futures also showed expectations rose of the Fed cutting rates noticeably in September, and more deeper by December. "The way we've been trading over the last sessions indicates that the market is more positively positioned with regards to their exposure to Treasuries," Skiba said. The dollar index fell 0.48%, at its lowest in two months, while the yen strengthened 0.55% at 132.41 per dollar. The Aussie dollar rose 1.0% on the back of surprise surges in both Chinese exports, which rose 14.8% compared with last March, and domestic Australian jobs.

☆ Historic move in Treasury yields signals high inflation but maybe not a recession anytime soon
▼ + stars: | 2023-03-08 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

An inverted yield curve is considered a forewarning for recession, and the already-inverted yield curve stretched even wider this week to its most inverted level since 1981. The yield curve becomes inverted when short-duration yields rise above longer duration yields, as in the case of the 2-year Treasury yield and the 10-year yield. 10Y2YS 1Y line inversion Recession or a sign of inflation? The current shape of the yield curve tells you more about sticky inflation." Golub said the outcome of the inverted curve's recession warning has been different in periods of high inflation versus low inflation.

☆ Inflation is cooling, and Wall Street loves it
▼ + stars: | 2022-11-15 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

Investors are hoping that the cooling inflation pressures will lead the Federal Reserve to raise interest rates by smaller amounts in the next few months, following four consecutive historically large hikes. But it’s the good news on the inflation front that is giving investors the biggest cause for jubilation. Those comments soothed investors, who were spooked by remarks from another Fed official about inflation and interest rates. The Fed is clearly still more concerned about inflation than it is the possibility its aggressive rate hikes will slow the economy. That means the market should get used to the notion that interest rates are going to keep climbing and may stay elevated for some time.

☆ NFL roundup: Bill Belichick makes history as Pats overpower Jets
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +10 min

Matthew Stafford had a rushing and passing touchdown for the Rams (3-4), going 22 of 33 in the air for a season-low 187 yards. Dalvin Cook (20 carries, 111 yards) and Alexander Mattison (five carries, 40 yards) combined for 151 rushing yards and two touchdowns for the Vikings (6-1). According to the NFL, Kamara is the first player in league history to have 10 games with at least one rushing touchdown and one receiving touchdown in his first six seasons. Josh Jacobs, who entered the game second in the NFL with an average of 105.5 rushing yards per game, finished with 43 yards on 10 carries for the Raiders (2-5). It was the fourth consecutive 200-yard performance for Henry against the Texans (1-5-1), dating back to 2019, and the most rushing yards by any player this year.

☆ The US never banned asbestos. These workers are paying the price.
▼ + stars: | 2022-10-23 | by ( Kathleen Mcgrory | Neil Bedi | ) www.businessinsider.com time to read: +39 min

But protocols failed to match reality at the Niagara Falls plant, according to more than a dozen workers. In addition to those signature diseases, which are rare even among asbestos workers, the tiny strands can harm the body in other ways. In the 15 years that followed, congressional attempts to ban asbestos would continue to fall short. OSHA declined to make an official available for an on-the-record interview or comment on ProPublica's findings at the Niagara Falls plant. At the OxyChem plant in Wichita, union president Keith Peacock said he was comfortable with the way asbestos was handled.

read moreThe yield on the benchmark 10-year Treasury hit 4.338% earlier, the highest since November 2007. The two-year U.S. Treasury yield , which typically reflects interest rate expectations, surged to 4.639%, the highest since August 2007. We'll continue to see more calls for a slowdown (in Fed policy) as we feel more and more pain in risk markets," he added. The gap between yields on two- and 10-year Treasury notes , was at -27.5 basis points, that's the steepest since mid-September. The 10-year TIPS breakeven rate was last at 2.525%, reflecting the average inflation the market has priced in for the next decade.

☆ Blink-182 reunion tour to feature Travis Barker, Tom DeLonge and Mark Hoppus
▼ + stars: | 2022-10-11 | by ( Joyann Jeffrey | ) www.nbcnews.com time to read: +2 min

Blink-182’s members Tom DeLonge, Mark Hoppus and Travis Barker are reuniting for their first tour together in nearly 10 years. Blink-182 also announced that they’re coming out with a new song called “Edging,” which is set to be released on Friday. Their new tune marks the first time in a decade that Barker, Hoppus and DeLonge have been in the studio together. This tour is a special moment for the band as it’s a homecoming for DeLonge, who parted ways with Blink-182 in 2015. In fact, in 2019, he told Rolling Stone that he thinks there will “absolutely” be a time when they play together again.

☆ Blink-182 reuniting with Tom DeLonge for new music and tour
▼ + stars: | 2022-10-11 | by ( Lisa Respers France | ) edition.cnn.com time to read: 1 min

CNN —Blink-182 is coming to a city near you. The band announced a new tour in a funny video on Tuesday, filled with double entendres, in which fans expressed their desire to see the group come together. Band members Mark Hoppus and Travis Barker will reunite with original member, Tom DeLonge for the tours. They are dropping a new single on Friday, titled “Edging,” and tour tickets will go on sale October 17. Matt Skiba stepped in for DeLonge after he left the group in 2015.

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