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☆ Tesla Cybertruck is in a category of its own for better or worse
▼ + stars: | 2024-09-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTA Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit. Those were all words used to describe the Tesla Cybertruck during a 24-hour rental of the vehicle in metropolitan Detroit. Fronts of the Ford F-150 Lightning, Tesla Cybertruck and GMC Sierra Denali EVs (left to right). The Tesla Cybertruck is unveiled at Tesla's design studio on Nov. 21, 2019, in Hawthorne, Calif. A Tesla Cybertruck in front of a graffiti mural on Aug. 28, 2024 in Detroit.

Persons: Tesla, Michael Wayland, It's, Terry Woychowski, Elon Musk Organizations: CNBC, Ford, Chevrolet, Tesla, GMC Sierra Denali, YouTube, General Motors, Ford Motor, Rivian Automotive, Hummer, Renaissance Center, Tech, GMC, Caresoft, GMC Hummer, GM Locations: Detroit, Chevrolet El, Hawthorne , Calif

☆ These are top global stock picks for the second half, according to UBS
▼ + stars: | 2024-07-12 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

The outlook for stocks is becoming more favorable as inflation slows and the Federal Reserve looks to cut interest rates by yearend, according to UBS. Against that backdrop, UBS thinks investors should maintain a neutral view and remain strategic in their stock allocations. Here are some of the stocks on the UBS list: One of the stocks added to the list was San Diego-based, medical device maker Dexcom . Despite growth in the continuous glucose monitoring (CGM) segment of the diabetes market over the past few years, the sizable diabetes market has a "relatively low" penetration rate, according to UBS. "We expect DXCM to remain a leading player within the very concentrated CGM market."

Persons: Eric Potoker, that's, Ralph Lauren Organizations: Federal, yearend, UBS, San, MGM Resorts, Super, Las Vegas, Samsung Locations: Swiss, San Diego, Las Vegas, Las

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Meta, PNC, Domino's, Charles Schwab, Roblox, SolarEdge & more
▼ + stars: | 2024-07-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS raised its price target on Nvidia to $150 per share from $120. Stifel upgrades Ecolab to buy from hold Stifel said it's bullish on shares of the food safety company. KBW upgrades Charles Schwab to outperform from market perform KBW said it's getting bullish on shares of Charles Schwab. Wells Fargo reiterates Meta as overweight Wells raised its price target on Meta to $625 per share from $593. Wells Fargo reiterates Roblox as overweight Wells raised its price target on the stock to $43 per share from $41 ahead of earnings on August 1.

Persons: Stifel, it's, Morgan Stanley, Charles Schwab, KBW, Guggenheim, ServiceNow, Wells, Riley, Emerson, Redburn, Wolfe, JPM, Raymond James, Gilead, Bumble, TD Cowen, Oppenheimer, Jefferies, Baird, Wedbush, RBLX Organizations: UBS, Nvidia, Taiwan Semiconductor, Meta, PNC, Bank of America, underperform Bank of America, Medicines, NSC, Apple, JPMorgan, Disney Locations: 2H24, Columbia, Norfolk, Asia

☆ China wants its nepo-baby and get-rich-quick influencers gone
▼ + stars: | 2024-05-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

China's biggest social media platforms launched a synchronized crackdown on parading wealth last week, removing thousands of posts and punishing dozens of influencers for promoting "bad values." Showing luxury services or goods to exaggerate how one can earn "millions in a month," achieve financial independence or start a lucrative business from scratch. Xu claimed that the barred influencers grew their fame by "showing off their wealth" and, in turn, became rich by selling products on livestreams. AdvertisementMore recently, common prosperity has evolved into a crackdown on "excessive wealth," with the central government stepping up regulations on private industry giants and wealthy families. Beijing seems to have toned down its rhetoric of common prosperity as its economy struggled in the post-COVID era.

Persons: —, Xu Qiuying, Xu, Xi Jinping, laud Organizations: Service, Business, Twitter, Weibo, Beijing, Central Cyberspace Affairs Commission, China's Locations: China, Weibo, Xiaohongshu, Beijing

☆ An OpenAI rival says its new AI model is not only cheaper to run than GPT-4, but it's also more useful
▼ + stars: | 2024-05-09 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Read previewOpenAI rival Cohere has unveiled an updated AI model it says is more useful and cheaper to run than GPT-4. The AI startup says it is rolling out the ability to fine-tune its Command R AI model, allowing it to outperform larger models like GPT-4 in some use cases while costing up to fifteen times less to operate. Similarly, when analyzing financial data Command R was 6.2% more accurate than GPT-4 and 5.3% more accurate than Claude. AdvertisementCohere said that as Command R, which initially launched in March, is significantly smaller than the likes of GPT-4, it costs much less to run. Related storiesFine-tuning on the Command R model is available on Cohere's platform from Thursday, with availability on other platforms coming in the near future.

Persons: —, Cohere, Nick Frosst, Claude Opus, Claude, Mark Zuckerberg, Sam Altman, Altman, they're, Frosst, It's, Emad Mostaque, Mustafa Suleyman, We're Organizations: Service, Business, Amazon, GPT, Command, Meta, Intelligence, Stanford University, Cohere, Big Tech, Stability, Microsoft Locations: GPT, Toronto

☆ Why a small China-made EV has global auto execs and politicians on edge
▼ + stars: | 2024-03-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +12 min

The rise of BYD and other Chinese automakers led Tesla CEO Elon Musk in January to warn that Chinese automakers will "demolish" global rivals without trade barriers. Caresoft, an engineering benchmarking and consulting firm, has already torn down one China-built BYD Seagull and is preparing to do another. Michael Wayland / CNBCThe consulting firm tore apart the BYD Seagull piece by piece to benchmark the small EV against vehicles from other startups and traditional automakers. Its initial study of the BYD Seagull found it to be efficiently and simplistically designed, engineered and executed, but with unexpected quality and anticipated reliability. Growing concernsBYD's rise comes at a precarious time for global auto industry dynamics.

Persons: It's, Terry Woychowski, Warren Buffett, —, BYD, Tesla, Elon Musk, Caresoft Bernstein, Nissan, Michael Wayland, Caresoft, simplistically, Woychowski, Mathew Vachaparampil, CNBC BYD, Stellantis —, Donald Trump, Zach Gibson, Jennifer Granholm, Republican Sen, Marco Rubio, Trump, –, GM Dong, Tang, Marin Gjaja, Gjaja, Ford, you've, Evelyn Cheng, Dylan Butts Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, U.S, General Motors, Caresoft, Alliance for American Manufacturing, Overseas, Chevrolet, Nissan Leaf, Bolt, Chicago Federal Reserve, BYD, CNBC, Cox Automotive, Seagull, Tesla, Toyota Motor, Nissan Motor, Honda Motor, Hyundai, Kia, — GM, Ford, Chrysler, U.S ., Washington , D.C, Bloomberg, Republican, North American Free Trade, Republicans, Buick, SAIC, GM, GM Dong Yue Motors Co, Detroit Locations: Shanghai, LIVONIA, Mich, –, China, Europe, Latin America, Detroit, Texas, Germany, Japan, U.S, Livonia , Michigan, America, XPENG, Mexico, Thailand, Brazil, Indonesia, Hungary, Uzbekistan, ., Washington ,, United States, Marco Rubio of Florida, Yantai, Shandong Province

☆ Xiaomi bets big on its new electric vehicle — targets 20 million premium users
▼ + stars: | 2024-02-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. Xiaomi revealed its SU7 electric car in China in late December but has yet to announce a specific price. Building on its tech capabilities as a telecommunications and smartphone company, Huawei has swiftly become a player in China's electric car market. Apple has yet to formally enter the electric car market despite reports it has been working on one. But the system is due for rollout in the coming months to appliances and the forthcoming car, Lu said.

Persons: Xiaomi, Evelyn Cheng, it's, Weibing Lu, Lu, That's, Lu Xiaomi Organizations: CNBC, Mobile, Apple, Samsung, Porsche –, Huawei, Baic Group, Xiaomi Locations: Evelyn Cheng BEIJING, China, Barcelona, Beijing, Xiaomi, Canalys

☆ These stocks could be next to join the S&P 500, increasing demand for shares, says Bank of America
▼ + stars: | 2024-02-06 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A slew of companies are primed to join the S & P 500 in the near future, and Bank of America thinks their shares could get a boost from it. The bank expects KKR could be the next investment management firm to join the S & P 500 over the six months following the addition of Blackstone to the index last year. An addition to the S & P 500 is likely to drive up the prices of each of the stocks. "Passive ETFs benchmarked to the S & P 500 are growing and getting inflows which will help support the share prices of the stocks in the index," Siegenthaler added. For KKR, the analyst has a $109 price objective, implying 23% upside from Monday's close.

Persons: Blackstone, Craig Siegenthaler, Siegenthaler Organizations: Bank of America, KKR, Apollo Global Management, Ares Management, APO

☆ This stalled tech juggernaut is starting to break out again, according to the charts
▼ + stars: | 2024-01-09 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Nvidia (NVDA) was surprisingly quiet in the back half of 2023 despite some amazing earnings beat-and-raise quarters. Only just on Monday did NVDA finally break free from the technical range that held the stock captive below the undoubtedly psychologically important $500 resistance level. I think the answer is yes, there's more room for the stock to run. Finally breaking $500 Back to Nvidia, the clear winner of the massive rotation into semiconductors as we charge towards the exponential age. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: NVDA, we're, Goldman's Peter Oppenheimer, benchmarked, Gordon Organizations: Nvidia, IBM, Apple, Microsoft, Consumer Locations: China, Vegas

☆ Dud IPO market closes 2023 with a whimper for the second year in a row
▼ + stars: | 2023-12-08 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

Another year, another lousy IPO market. The 2023 IPO market is closing with a whimper, not a bang. You'd think the IPO market would be bubbling, but it's dead quiet. Source: Renaissance Capital For a good part of the year, the excuse was interest rates were rising, the market was too volatile, and the after market performance of 2023 IPOs was terrible. The November rally is too little too late to save the IPO market Unfortunately, it all came a little too late to rescue 2023.

Persons: Birkenstock, You'd, Rivian, Doordash, IPOs, Matt Kennedy, Don Short, you've, haven't, confidentially, Waystar, Kim Kardashian's, Musk, Howe Ng, Ng, Kyle Stanford, Instacart, it's, James Ulan, Stanford, Pitchbook, Greg Martin Organizations: Renaissance, That's, IPOs, Hertz, Sotera, ARM, Renaissance Capital, Klarna, Microsoft, Forge Global, Bloomberg, SpaceX, Nvidia, Rainmaker Securities Locations: Pitchbook

The results of the Program for International Student Assessment – the first assessment to examine the academic progress of students in math, reading and science in dozens of countries since the outset of the pandemic – marked historic setbacks for children globally. Students hadn’t recorded a change of more than five points in either subject since the exam was first administered in 2000. The COVID-era setbacks spared none, affecting wealthy countries and poor countries and even those long recognized as academic powerhouses. The slumping scores among American students largely mirror results seen on national assessments in recent years. “At an extremely tough time in education, the United States moved up in the world rankings in reading, math, and science – all three categories PISA measures – while, unfortunately, many other countries saw declines.”

Persons: ”, Peggy Carr, hadn’t, Jordan, ” Carr, Miguel Cardona, Donald Trump, “, ” Cardona Organizations: Program, National Center for Education Statistics, U.S . Education Department, “, Organization for Economic Cooperation, Development, Education, Republican Party Locations: U.S, PISA, Albania, Iceland, Norway, Finland, Poland, Singapore, Japan, China, Estonia, Canada, Ireland, United States, –

☆ Uber gets the nod to join the S&P 500. Here's where analysts see the stock going next
▼ + stars: | 2023-12-04 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts say Uber Technologies' forthcoming ticket into the S & P 500 is a positive catalyst for the stock moving forward. UBER YTD mountain Uber stock. Helfstein said in a report that Uber's entry into the S & P 500 could underpin future stock appreciation by bolstering investor sentiment. "Following the inclusion, we expect UBER to lean into growth and share buybacks, which should increase investor sentiment for growth/return in 2024," Helfstein wrote. "We believe that Uber will transition from 'nice to own' by investors to an 'allocation consideration' now that it is included in the S & P 500."

Persons: Dow, Oppenheimer, Jason Helfstein, Helfstein, William Blair, Ralph Schackart, James Cordwell, Cordwell, CNBC's Michael Bloom Organizations: Technologies, Dow Jones, Sealed Air Corp, –

☆ One ETF that focuses on employee happiness is outperforming the market this year
▼ + stars: | 2023-12-01 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Executives don't need to worry about Irrational misrepresenting their company, and participation can open them up to potential inclusion in products such as an ETF, van Adelsberg said. In total, the ETF recently held nearly 150 equities and is benchmarked to the CIBC Human Capital Index. Still, the team noted some challenges in building broader awareness of what human capital is or why it matters. "In this market, what we're seeing is that those companies who have strong human capital ratings are outperforming," van Adelsberg said. "The role that human capital plays in driving future equity performance isn't going down.

Persons: doesn't, Kristof Gleich, –, it's, Gleich, …, Morningstar, HAPI, David van Adelsberg, van Adelsberg, Eli Lilly, Johnson, Berkshire Hathaway, JPMorgan Chase, they've, It's Organizations: Capital Factor, Capital Advisors, Irrational, ETF, Microsoft, Apple, Nvidia, Meta, Morningstar, Mastercard, Berkshire, CIBC Human, JPMorgan, Securities, Exchange

☆ The streaming wars continue to heat up, and here's why Warren Buffett thinks it's a tough industry
▼ + stars: | 2023-11-12 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The race for eyeballs continues to intensify in the streaming industry, and according to Warren Buffett it's a particularly tough area for investors to make money. Buffett, the "Oracle of Omaha," believes that the industry has too many players seeking viewer dollars, causing a stiff price war. Discovery earlier this week reported a decline in advertising revenue, a wider-than-expected loss and lackluster streaming subscriber numbers. "You don't lock in people when you get them to join up for the streaming period when your serial runs," Buffett said. Buffett said the price war going on among streamers was similar to the one he experienced in his early 20s at his local gasoline station.

Persons: Warren Buffett, Buffett, You've, David Zaslav, it's Organizations: Warner Bros, Berkshire, Paramount, Netflix Locations: Omaha, Berkshire

☆ It's never been this easy to build a $1 billion AI company
▼ + stars: | 2023-11-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

You don't have to be Sam Altman to build a $1 billion AI company. Kai-Fu Lee's new startup and Mistral AI have shown that AI companies can scale by going open source. AdvertisementAdvertisementThe opportunity to build a $1 billion AI business has never seemed this straightforward for entrepreneurs aspiring to be the next Sam Altman. In response, Lee credited Hugging Face as the reason his company was able to take its AI mode public "rapidly, credibly, and impactfully." Developers wanting to build AI businesses at scale will want open source to thrive.

Persons: Sam Altman, Kai, Fu, OpenAI's, —, he's, Fu Lee, It's, Lee, Abu, Yann LeCun Organizations: Mistral, Service, Microsoft, Bloomberg Locations: Paris, OpenAI

☆ Risky biotech M&A therapy will heal more fractures
▼ + stars: | 2023-10-19 | by ( Jonathan Guilford | ) www.reuters.com time to read: +8 min

NEW YORK, Oct 19 (Reuters Breakingviews) - How can a suitor offering $1 billion see eye-to-eye with a seller asking for $2 billion? Such contingent value rights, or CVRs, are a way to get around the inherent uncertainty of an unproven drug. Its $74 billion takeover of Celgene in 2019 included a $6.4 billion payout dependent on a trio of drug approvals. There have been only 27 biotech market debuts this year, raising $2.2 billion, according to LSEG data. Given the nagging fissures in valuation perspectives, however, more dealmakers are apt to try this risky M&A therapy.

Persons: Schulman, Sidley, Bristol Myers, Myers, CVRs, Andrew Weisenfeld, IPOs, ”, Dan Lepanto, biopharma, Eli Lilly’s, Bristol Myers Squibb, Jeffrey Goldfarb, Sharon Lam, Streisand Neto Organizations: Reuters, Dow, Marion Laboratories, LyondellBasell Industries, Mirati Therapeutics, JPMorgan, Sanofi, Health Partners, Nasdaq Biotechnology, Reuters Graphics Reuters, Reuters Graphics, Leerink Partners, Therapeutics, Public, Bristol Myers, U.S . Food, Drug Administration, Thomson Locations: Celgene, Genzyme, U.S

BANGKOK (AP) — Asian markets were sharply lower on Wednesday after Wall Street tumbled as it focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high. Expectations that interest rates will stay high are pressuring stocks as Treasury yields rise in the bond market. High yields also make borrowing more expensive for companies and households across the economy, which can hurt corporate profits. Investors increasingly are taking the Federal Reserve at its word that it will keep its main interest rate high for a long time in order to drive down inflation. Several other challenges are also tugging at Wall Street besides higher yields.

Persons: China Evergrande, Australia's, Dow, Stocks, Brent, Shunichi Suzuki Organizations: Nikkei, Dow, Nasdaq, Big Tech, Microsoft, Nvidia, Treasury, Federal Reserve, Fed, New York Mercantile Exchange, Japanese Finance Locations: BANGKOK, South Korea, Hong, China, Bangkok, Japan

☆ JPMorgan adding India local govt bonds to index to trigger higher inflows
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +3 min

India's local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds according to JPMorgan. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are eligible. "India's weight is expected to reach the maximum weight threshold of 10% in the GBI-EM Global Diversified (.JPMGBIEMGD), and approximately 8.7% in the GBI-EM Global index," said JPMorgan. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. The Indian rupee rose 0.3% in offshore trade before local markets opened while traders expected local bond yields to fall sharply.

Persons: Thomas White, ”, Sanjeev Sanyal, Aftab Ahmed, Rodrigo Campos, Sarita Singh, Chris Reese, David Gregorio, Christian Organizations: REUTERS, JPMorgan, Government Bond, Global, Council, Securities, DBS, Thomson Locations: India, Egypt, New Delhi, New York

REUTERS/Thomas White/Illustration Acquire Licensing RightsMUMBAI, Sept 22 (Reuters) - Indian bond markets won't see a jump in volatility in the near-term after JPMorgan (JPM.N) announced India's inclusion in its widely tracked emerging market debt index, BlackRock's head of Asia Pacific fixed income said on Friday. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion were eligible for inclusion in its Government Bond Index-Emerging Markets (GBI-EM) index and index suite, benchmarked by about $236 billion in global funds. Given the size of the $2 trillion global government bond market, it may add only a little bit to the volatility in Indian bond markets, Seth told the Reuters Global Markets Forum. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. He also pointed to investment-grade credit in Asia and higher quality emerging market bonds, in a "tilt towards quality" as macro uncertainties persist.

Persons: Thomas White, Neeraj Seth, Seth, Divya Chowdhury, Savio Shetty, Alex Richardson Organizations: REUTERS, Rights, JPMorgan, Asia Pacific, Government, BlackRock, Reuters Global Markets, Thomson Locations: India, Rights MUMBAI, Asia, Mumbai

☆ Investors’ China aversion is bad for everyone
▼ + stars: | 2023-09-07 | by ( Una Galani | ) www.reuters.com time to read: +7 min

FIERCE RESTRAINTAs a country on the cusp of high-income status, China ought to be a magnet for overseas investors. Companies in the MSCI China Index trade at 10 times their expected earnings for the next twelve months, half the level of the S&P 500 Index. However, assets following these mandates remain insignificant compared to the $1.3 trillion benchmarked to MSCI’s Emerging Markets Index. However, they have played a bigger role in the past decade funding Chinese companies through Hong Kong and U.S. listings. Chinese equities have a combined market value of $15 trillion, greater than Japanese, French, Indian and British stocks combined.

Persons: Xi Jinping, Goldman Sachs, Gavekal Dragonomics, Gavekal, Tesla, John Welling, Dow, Xi, Peter Thal Larsen, Thomas Shum Organizations: Reuters, U.S . Federal, People’s Bank of, Treasury, HK, Companies, Apple, Microsoft, BlackRock, China, WHO, International, U.S, Reuters Graphics Reuters, Dow Jones, Global, Thomson Locations: MUMBAI, China, People’s Republic, People’s Bank of China, United States, Hong Kong, U.S, Gulf, Asia, North America, Shanghai, Shenzhen

☆ Funds punished for owning too few Nvidia shares after stunning 230% rally
▼ + stars: | 2023-08-30 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Yet many funds hold less of the stock in their portfolios compared with Nvidia's weight in key equity indexes, making it tougher for them to beat their benchmarks. Among those funds that held a below-average weight in Nvidia, 85% underperformed the index so far this year, Morningstar's data showed. Nvidia's valuation has been a primary reason keeping some investors away, while others are wary of buying in after the stock’s mammoth 230% run this year. Nvidia shares marked a record high closing price on Tuesday, in the wake of a strong earnings report last week. "The stock has had an amazing rally, but it would be totally normal for it to correct 20-25%."

Persons: Robert Galbraith, Refinitiv, ”, Chuck Carlson, Dow, Goldman Sachs, Goldman, Morgan Stanley, Robby Greengold, Jeremy Schwartz, Schwartz, Michael Purves, Purves, ” Purves, Lewis Krauskopf, Ira Iosebashvili, Matthew Lewis Organizations: Nvidia, REUTERS, Nasdaq, Horizon Investment Services, Reuters Graphics Reuters, Big, Microsoft, Dow Jones, Apple, U.S, Mutual, Morningstar, Tallbacken Capital Advisors, Thomson Locations: Santa Clara , California, Big Tech, New York

☆ Regulators give green light to driverless taxis in San Francisco
▼ + stars: | 2023-08-11 | by ( Nadia Bidarian | ) edition.cnn.com time to read: +6 min

San Francisco first responders, city transportation leaders and local activists are among those who shared concerns about the technology. “Today’s permit marks the true beginning of our commercial operations in San Francisco,” said Tekedra Mawakana, co-CEO of Waymo, in a press release. Until Thursday’s vote, Cruise and Waymo could offer only limited service to San Francisco residents. The San Francisco Police Officers Association, San Francisco Deputy Sheriffs’ Association and the San Francisco Fire Fighters Local 798 all wrote letters to the CPUC in the week leading up to the originally scheduled vote on June 29. 2022 was the worst year on record for traffic fatalities in San Francisco since 2014, according to city data.

Persons: Cruise, “, ”, Tekedra Mawakana, Drew Pusateri, General Motors, Matthew Sutter, Justin Sullivan, Critics, Tracy McCray, Jeanine Nicholson, ” Nicholson, Waymo, Genevieve Shiroma, ” Shiroma Organizations: CNN, Cruise, San Francisco, California Public Utilities Commission, Waymo, General, Francisco, San, San Francisco Police, Association, Sheriffs ’ Association, San Francisco Fire Fighters, San Francisco Fire Department, San Francisco Municipal Transportation Agency Locations: California, San Francisco, San, Waymo, San Francisco , California, “

☆ Qualifying for a mortgage is getting harder, as credit availability is the tightest in a decade
▼ + stars: | 2023-08-08 | by ( Anna Bahney | ) edition.cnn.com time to read: +2 min

A decline in the Mortgage Credit Availability Index indicates that lending standards are tightening, while increases in the index would indicate loosening credit. Mortgage credit availability has been tightening since the spring, according to MBA, with a slight uptick in availability in June, when levels were essentially unchanged. Credit availability then fell again in July, to a decade low. In July, the conventional loan index, which examines non-government loan programs, decreased 0.5%. The government loan index, which examines Federal Housing Administration, Department of Veterans Affairs and US Department of Agriculture loan programs, was down by 0.1%.

Persons: Joel Kan, Freddie Mac, Fannie Mae, Kan, ” Kan Organizations: DC CNN, Mortgage Bankers Association, ICE Mortgage Technology, Mortgage, Housing Administration, Department of Veterans Affairs, US Department of Agriculture Locations: Washington

☆ UBS' favorite value ETF combines active management with a low fee
▼ + stars: | 2023-08-04 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors looking to shift into value stocks after the first-half rally should take a closer look at a low-cost, actively managed fund that is showing signs of momentum, according to UBS. ETF strategist David Perlman said in a note to clients Tuesday that the Avantis U.S. Large Cap Value ETF (AVLV) makes sense for investors who want cheap stocks without sacrificing quality. AVLV 3M mountain This Avantis value ETF has rallied over the past three months. The Avantis ETF comes with an alluring price tag: an expense ratio of 0.15%. "This process has led to a value tilt that's been closer to more traditional value indices than deeper value strategies.

Persons: David Perlman, Perlman, it's, Phil McInnis, McInnis Organizations: UBS, Avantis Investors, Russell, Apple, JPMorgan Chase, Exxon Mobil Locations: U.S, AVLV

☆ This international stock picker beats the market long term by mastering downside risk
▼ + stars: | 2023-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Now the manager of the Goldman Sachs' International Equity Income Fund (GSTKX) , as a young man Deladerriere was surrounded by farmers and government employees, not investors. Deladerriere sought out companies with good business fundamentals, saying many of the firms he invested in back then have survived and are "actually thriving." One was French energy technology provider Schneider Electric, still a holding in his Goldman fund. He landed a research internship at Goldman Sachs Asset Management, and is now a partner and head of international developed markets equity. Good times and bad In 2012, Deladerriere started managing Goldman International Equity Income, a $1.1 billion fund with a five-star rating from Morningstar.

Persons: Alexis Deladerriere, Goldman Sachs, Deladerriere, Goldman, that's, Morningstar Organizations: International Equity Income, Schneider Electric, Ecole Superieure de Commerce de Paris, Goldman Sachs Asset Management, Goldman International Equity, Morningstar, Vinci, Schneider, Stock, Zurich Insurance Group, Singapore Locations: France, French, Europe, Australasia, London, New York, U.S, Swiss

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