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☆ What internet data brokers have on you — and how you can start to get it back
▼ + stars: | 2024-10-11 | by ( Barbara Booth | ) www.cnbc.com time to read: +17 min

Inside data brokers' massive vaultCybersecurity experts estimate that data brokers collect an average of 1,000 data points on each individual with an online presence. Little oversight around data privacyThe lack of comprehensive regulation around data privacy allows data brokers to operate with little oversight, unlike the General Data Protection Regulation (GDPR) in the European Union. Opt-out links and instructions are readily available for most of the major data brokers: ExperianTransUnionLexisNexisEpsilon But data privacy experts says reclaiming or deleting your data from brokers can be a deliberately complex process that is not only time-consuming but frustrating. "With AI, data brokers will create even more detailed and predictive profiles, incorporating everything from biometric data to behavioral tracking," Abed said. Until regulation steps in, data brokers will continue to collect as much data as possible.

Persons: Pew, Arjun Bhatnagar, Roger Grimes, Jeff Chester, Chester, I'm, Bruno Kurtic, Chris Henderson, Chelsea Magnant, Rob Hughes, Kurtic, Cloaked's Bhatnagar, Henderson, Javad Abed, Abed Organizations: Pew Research, Social, LexisNexis, Epsilon, OneRep, Center for Digital Democracy, D.C, Bedrock Security, National Security Agency, CNBC, Data Protection, European Union, NYU's Center for Global Affairs, Brunswick, RSA, U.S, Consumers, Consumer, Engage, Federal Trade Commission, FTC, Johns Hopkins Carey Business School Locations: Washington, California, U.S, Chester

☆ Meghan Markle and Prince Harry's management style is under scrutiny again. PR experts share 2 steps they should take to change the conversation.
▼ + stars: | 2024-10-01 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Prince Harry and Meghan Markle's leadership style is being scrutinized again. They also said Prince Harry's recent solo appearances are a strong move for the couple. Meghan Markle and Prince Harry attend the Royal Salute Polo Challenge in April 2024. Meghan Markle and Prince Harry in September 2023. AdvertisementJimmy Fallon and Prince Harry on "Tonightmares" in September 2024.

Persons: Prince Harry, Meghan Markle's, Prince Harry's, —, Harry, Meghan Markle, Meghan, Duke, Duchess of, Josh Kettler, Kettler, Catherine St, Laurent, Ben Browning, Yaroslav Sabitov, Ashley Hansen, Meghan's, pushback haven't, Oprah Winfrey, Buckingham, Omid Scobie, Carolyn Durand's, Evan Nierman, Banyan, Duchess of Sussex, Megan Balyk, haven't, they've, Chris Jackson, Balyk, Francia Márquez, Eric Charbonneau, Jimmy Fallon, Nierman, Meghan aren't, he's, Sentebale, Prince Seeiso, Seeiso Organizations: Service, Hollywood, Sussex, Getty, Times, Jive, Invictus Games, Universidad Ean, Archewell, Clinton Global Initiative, NBC, Senate Locations: Duchess of Sussex, London, Colombia, Cape Town, that's, New York City, Lesotho, Africa

☆ Jeremy Grantham's right-hand man Ben Inker warns your 60/40 portfolio is in for a 'lost decade' of negative returns
▼ + stars: | 2024-09-30 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The popular 60/40 portfolio of stocks and bonds has returned double digits annually since 1979. Inker shares the risks of the 60/40 strategy and where he's looking for opportunities. AdvertisementFor decades, the 60/40 strategy has been the gold standard of investing. As a result, the 60/40 portfolio right now is not set up to generate attractive returns. Related storiesInvesting against the grainInstead of the traditional 60/40 portfolio, Inker recommends taking a more flexible approach to different asset allocations.

Persons: Ben, —, Jeremy Grantham, doesn't, they've Organizations: Service, Bloomberg

☆ Astrophotographers outline the 3 mistakes you're making when snapping photos of the moon and how to fix it
▼ + stars: | 2024-09-17 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

AdvertisementHere are some mistakes you may be making while photographing the moon and how to fix them, according to two professional astrophotographers. Mistake 1: Taking photos at the wrong timeJon Carmichael captured the moon during a lunar eclipse. The silver lining is you can get better detail because you're shooting through less atmosphere and the photos will be clearer. Taking photos closer to sunset gives you more lighting compared to later at night, which will make taking a cellphone picture easier. "If you're shooting in any kind of auto setting, then you're making the camera decide for you," Carmichael said.

Persons: —, Jon Carmichael, astrophotographer Andrew McCarthy, McCarthy, " McCarthy, that's, astrophotographer Jon Carmichael, Carmichael, you'd, supermoons, there's what's, maria, Les Shu, AMAN ROCHMAN Organizations: Service, Business, . Portland Press Herald, Samsung, Android Locations: there's

☆ This AI-powered financial advisor has quickly gained $20 billion in assets
▼ + stars: | 2024-07-31 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

Westend61 | Getty ImagesAn automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive artificial intelligence could be for the wealth management industry. The world's largest wealth management firms have rushed to implement generative AI after the arrival of OpenAI's ChatGPT, rolling out services that augment human financial advisors with meeting assistants and chatbots. "People are fed up with cookie-cutter portfolios," Harmsen told CNBC. Global Predictions targets people with between $100,000 and $5 million in assets — in other words, people with enough money to begin worrying about diversification and portfolio management, Harmsen said. After realizing it could have a broader use, Harmsen began building a team for Global Predictions, including three former employees of Bridgewater Associates, the world's largest hedge fund.

Persons: PortfolioPilot, Alexander Harmsen, OpenAI's, Morgan Stanley, Harmsen, we'll Organizations: Global, Morado Ventures, NEA Angel Fund, CNBC, Bank of America, Bridgewater Associates Locations: San Francisco

☆ Slowing Down Like Scarlett
▼ + stars: | 2024-07-13 | by ( David Leonhardt | ) www.nytimes.com time to read: +2 min

With Melissa Kirsch — the regular writer of our Saturday newsletter — off today, we’re going to turn to another source for some life guidance: Scarlett Johansson. Despite all this, as Maureen explains, Johansson manages to carve out a surprising amount of normalcy in her life. “She goes to the supermarket,” Colin Jost, the Saturday Night Live star, who’s married to Johansson, said. As I read the profile, I was struck that Johansson also rejects modern normalcy in some important ways. Her large green eyes stay trained on me for nearly two hours, asking nearly as many questions as she fields.

Persons: Melissa Kirsch —, Scarlett Johansson, Maureen Dowd, Johansson, Maureen, Colin Jost, who’s, “ She’s, Read Organizations: Times, Disney Locations: New York, Central Park

☆ The stage is set for 2 rate cuts this year, but investors need to be careful adding more exposure to the stock market, JPMorgan strategy chief says
▼ + stars: | 2024-07-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Recent data sets the Fed up to cut interest rates twice this year, JPMorgan's David Kelly said. The bank's chief global strategist predicted Fed rate cuts were coming in September and December. Yet, he warned that stocks are expensive, and investors should be wary of adding exposure at high valuations. The chief global strategist predicted central bankers would begin dialing back interest rates at the September policy meeting, with another cut likely in December. But rate cuts shouldn't be the signal for investors to flock to the stock market, Kelly said.

Persons: JPMorgan's David Kelly, —, David Kelly, That's, Kelly, We've, John Hussman Organizations: Service, Asset, CNBC

☆ Taylor Swift bringing Travis Kelce onstage is the most Swiftian thing she could have done
▼ + stars: | 2024-06-24 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

AdvertisementTaylor Swift is joined onstage by Travis Kelce during The Eras Tour in London. This was especially evident during The 1989 World Tour, which ran for nearly seven months in 2015. Mostly thanks to her talent and partially thanks to her self-spun underdog narrative, she had enjoyed years of headlines like "Taylor Swift: America's Sweetheart" and "Taylor Swift Is the Music Industry." Taylor Swift is joined onstage by Serena Williams, Karlie Kloss, and more during The 1989 World Tour in London. Perhaps bringing Kelce onstage felt as natural to Swift as writing a love song about him.

Persons: —, Taylor Swift, Travis Kelce, Swift, haven't, cuddling, Joe Alwyn, Gareth Cattermole, Alwyn, Calvin Harris, Karlie Kloss, Lena Dunham, Kobe Bryant, Dayna Evans, Taylor, Serena Williams, Brian Rasic, Kim Kardashian, Ye, she's, It's, overexposed, it's Organizations: Service, Business, Kobe, Music Industry, Swift Locations: London, British

☆ Taylor Swift knew exactly what she was doing bringing Travis Kelce onstage
▼ + stars: | 2024-06-24 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

☆ CNBC Daily Open: Musk's artificial intelligence start-up raises $6 billion
▼ + stars: | 2024-05-28 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia's stock rose 2.6% on Friday, contributing to a 15% surge for the week, while the Nasdaq led major indexes with a 1.41% weekly gain. Nvidia CEO's net worth soarsNvidia CEO Jensen Huang's net worth soared to over $90 billion as better-than-expected earnings sent the company's stock soaring to a record high. Last Thursday, the stock rose more than 9% to close at nearly $1,038 per share.

Persons: Elon Musk, The Beverly Hilton, Jensen, Huang, Glass Lewis, Obama, Weizhen Tan Organizations: SpaceX, Tesla, The Beverly, CNBC, Nasdaq, Dow Jones, Treasury, Nvidia, Investors, Google, Nikkei, Bank of Japan's, CSI Locations: Beverly Hills , California, U.S, Texas, Asia, Pacific

☆ CNBC Daily Open: Musk's AI start-up raises $6 billion
▼ + stars: | 2024-05-28 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia's stock rose 2.6% on Friday, contributing to a 15% surge for the week, while the Nasdaq led major indexes with a 1.41% weekly gain. Nvidia CEO's net worth soarsNvidia CEO Jensen Huang's net worth soared to over $90 billion as better-than-expected earnings sent the company's stock soaring to a record high. Last Thursday, the stock rose more than 9% to close at nearly $1,038 per share. Google AI Overview misfiresGoogle's "AI Overview" feature in search is facing criticism for producing incorrect or controversial responses.

Persons: Jensen, Huang, Glass Lewis, Elon Musk, Obama, Eli Lilly, Eli Lilly's, Weizhen Tan Organizations: CNBC, Nasdaq, Dow Jones, Treasury, Nvidia, Investors, Google Locations: Texas, Indiana

☆ Overinvested in Nvidia? Here are some alternative growth stocks
▼ + stars: | 2024-05-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Investor darling Nvidia continued its artificial intelligence-fueled boom, with its earnings beating expectations last week. But some analysts are worried about a potential slowdown in growth from the previous quarter, or an "air pocket" in sales toward year-end. But investors who are worried about being overexposed to Nvidia or who want to make their portfolios more balanced could consider replacing their Nvidia allocation or complementing it with other growth stocks with a low correlation to the chipmaker. Using FactSet, CNBC Pro screened four exchange-traded funds for stocks that have negative or low correlation to Nvidia in the past month. The ETFs are Vanguard S & P 500 Growth ETF, Schwab U.S. Large-Cap Growth ETF, Vanguard Russell 1000 Growth ETF and Fidelity Enhanced Large Cap Growth ETF.

Persons: Lucas Keh, Nancy Tengler, CNBC's, Vanguard Russell Organizations: Nvidia, Investments, CNBC Pro, Schwab U.S, Growth, Vanguard, Fidelity

☆ Warren Buffett is battling a bargain drought — and pared his Apple bet because it's a 'one-trick pony,' expert says
▼ + stars: | 2024-05-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett is building up cash because he can't find anything better, Ted Oakley said. Buffett probably cut his Apple stake to reduce his exposure to the "one-trick pony," Oakley said. AdvertisementWarren Buffett is stacking up cash because he's battling a bargain drought — and he likely trimmed Apple because he felt overexposed to the iPhone maker, one expert says. AdvertisementApple accounted for half of Berkshire's $354 billion stock portfolio at the end of December. "Warren Buffett knows that," he said.

Persons: Warren Buffett, Ted Oakley, Buffett, Oakley, —, overexposed, Berkshire Hathaway, Buffett's Organizations: Service, Oxbow Advisors, Apple, Oxbow Locations: pouncing, Berkshire, China, Russia, India, Saudi Arabia

☆ Japan’s ‘Moon Sniper’ returns images after third long, lunar night
▼ + stars: | 2024-05-02 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

Temperatures during the lunar night can plunge to minus 208 degrees Fahrenheit (minus 133 degrees Celsius), according to NASA. And Moon Sniper wasn’t expected to withstand even one lunar night, which is a period of darkness on the moon lasting about two weeks. Riding out the lunar nightThe mission team communicated with Moon Sniper on April 23 after the lander rode out its third lunar night. From JAXAIn addition to surviving the extreme cold of the lunar night, Moon Sniper has also endured the searing temperatures of the lunar day, which can reach 250 degrees Fahrenheit (121 degrees Celsius), according to NASA. On February 29, after seven days of operating, Odie went to sleep because it wasn’t intended to survive the lunar night.

Persons: CNN —, Smart, SLIM, ’, Moon, ”, Odysseus, Odie ”, Odie, “ Odie, Jack Fischer, Fischer, ” Fischer, “, I’m, Vikram, Artemis, Noah Petro, Artemis III, ” Petro Organizations: CNN, Japan Aerospace Exploration Agency, NASA, JAXA, Reconnaissance, Artemis, Apollo Locations: Japan, Houston, India, China

☆ Here are the 6 stocks that rise when Nvidia shares fall
▼ + stars: | 2024-04-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Six stocks in the S & P 500 rise often whenever Nvidia shares fall, according to a CNBC Pro analysis. A correlation of 0 would indicate no statistical link between Nvidia's stock and the share price of the six companies. Correlated returns also do not indicate causation or guarantee future returns or price action patterns. The below table highlights the 10 stocks in the S & P 500 with the strongest inverse correlation with Nvidia's share price. Trivariate Research's Adam Parker also named eight steady growth stocks that could replace Nvidia if investors are concerned that they are overexposed to it.

Persons: Jack Daniel's, Brown, Forman, Henry Schein, Katie Stockton, Trivariate Research's Adam Parker Organizations: Nvidia, CNBC, Electronic Arts, CNBC Pro Locations: U.S, lockstep

☆ If you're worried about a correction and over-invested in Nvidia, replace it with these steady growth stocks instead
▼ + stars: | 2024-04-16 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Investors who are concerned they're overexposed to Nvidia could replace the name with these steady growth stocks instead, according to Trivariate Research's Adam Parker. "If NVDA reports that demand is still robust as far as the eye can see, owning AI-exposed semiconductors remains prudent," Parker said. "For those looking to hedge their aggressive AI-semiconductor bets, this group appears prudent," Parker wrote. Berkshire Hathaway surfaced as a large cap growth stock with low correlation to Nvidia , that's also able to beat the market. Charles Schwab was another large cap growth stock with low correlation to Nvidia.

Persons: Trivariate Research's Adam Parker, Parker, Berkshire Hathaway, that's, Eli Lilly, Charles Schwab Organizations: Nvidia, Citi, Waste Management, Emerson Locations: Berkshire

☆ Timothée Chalamet already has audiences' hearts. The latest box-office numbers show he has their wallets, too.
▼ + stars: | 2024-03-18 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +4 min

Timothée Chalamet's recent films, 'Wonka' and 'Dune: Part Two,' have both surpassed the $200 million mark at the domestic box office. No film had crossed $200 million domestically since "Oppenheimer" last August. Chalamet, whose global box office total is over $2.5 billion, is proving he'll be a box-office draw for years to come. And now Timothée Chalamet has the box-office coin to prove he's one of the biggest draws in the movie business. Both titles have also surpassed the $200 million milestone domestically, something no other titles released this year have done so far.

Persons: Timothée, Wonka, Oppenheimer, Chalamet, —, He's, Bird, Leonardo DiCaprio, Roald Dahl's, Charlie, Frank Herbert's, Tom Cruise, Luca Guadagnino, John Travolta, Paul Dergarabedian, Dergarabedian, Timothée Chalamet, Alberto E, Rodriguez, Bob Dylan Organizations: Service, Warner Bros, Sony Pictures, Warner Bros ., Business, Hollywood

☆ Ellen DeGeneres' internet-breaking Oscars selfie was taken 10 years ago, and wow, has it aged badly
▼ + stars: | 2024-03-03 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +4 min

Ellen DeGeneres' widely circulated Oscars selfie was taken on March 2, 2014 — 10 years ago. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEllen DeGeneres' internet-breaking Oscars selfie was taken 10 years ago and wow, has it aged badly. The moment Elle DeGeneres gathered members from the audience for a selfie at the 2014 Academy Awards was televised. AdvertisementIf another Oscar selfie were to be taken at this year's ceremony, I can't imagine any of these stars would make it in.

Persons: Ellen DeGeneres, selfie, —, Bradley Cooper, Jennifer Lawrence, Meryl Streep, Brad Pitt, Angelina Jolie, Julia Roberts, Lupita Nyong'o, Junior, Channing Tatum, Kevin Spacey, Jared Leto, DeGeneres, Elle DeGeneres, Al Seib, he's, there's DeGeneres, DeGeneres hasn't, messier, Jolie, Pitt, Maestro, There's, et, Oscar selfie Organizations: Service, Twitter, Samsung, Los Angeles Times, Getty, NBC, Hollywood Locations: Hollywood

☆ Nvidia rally is fueling FOMO in the overall market, Evercore's Julian Emanuel warns
▼ + stars: | 2024-02-12 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

Evercore ISI's Julian Emanuel thinks Nvidia's monster rally is fueling a fear of missing out in the market. "That's the first time that's happened since 2021 for us," the firm's senior managing director said on CNBC's "Fast Money" on Monday. In his Sunday note, Emanuel warned clients there are similarities to Y2K emerging, particularly when it comes to momentum. Meanwhile, Nvidia , the global leader in artificial intelligence chips, is up 46% so far this year and 240% over the past year. "If you can't see yourself being a buyer down there, you should probably lighten up a little bit," said Emanuel.

Persons: Evercore, Julian Emanuel, Nvidia's, Emanuel, CNBC's Melissa Lee, hasn't, It's Organizations: Dow, Nvidia Locations: U.S, Monday's

“America's Team.”The team that much of America loved, and perhaps just as much loved to hate. The title these days has fallen on the Kansas City Chiefs, who play the San Francisco 49ers next weekend in their fourth Super Bowl in five years. Just like so many versions of “America's Team," though, a certain amount of fatigue also is setting in. They can make it four next Sunday, when they play the 49ers in a Super Bowl trending to be the most expensive ticket in history. We’ve got an even bigger target on our back than we did last year,” Chiefs safety Justin Reid said.

Persons: Troy Aikman, Michael Irvin, Emmitt Smith, ”, Terry Bradshaw, Lynn Swann, Joe Greene, Joe Montana, Roger Craig, Jerry Rice, Tom Brady, Troy Brown, Rob Gronkowski, Patrick Mahomes, Andy Reid, Travis Kelce, Taylor Swift, “, Mahomes, he's, Reid, Kelce, Steph Curry, Klay Thompson, we've, ” Reid, Pat, Ken Goldin, Jason Sudeikis, Paul Rudd, Eric Stonestreet, Heidi Gardner, Ryan Reynolds, Blake Lively, Swift, Brad Pitt, Henry Winkler, Melissa Etheridge, Chris Wallace, Etheridge, I’m, he’s, hadn't, Kermit, Justin Johnson, Johnson, ” Mahomes, We’ve, Justin Reid Organizations: KANSAS CITY, Dallas Cowboys, Steelers, 49ers, Patriots, Kansas City Chiefs, San Francisco 49ers, Hall of Fame, Chiefs, State Farm, Warriors, Wynn Golf Club, Allegiant, NFL, Eagles, AFC, Bengals, Arrowhead, Nielsen, NFL Shop, Raiders, “ Chiefs, Goldin, Kansas City, CNN, Ravens, Baltimore, New England, ” Chiefs Locations: KANSAS, Mo, America, Hollywood, London, Mexico City, Frankfurt, Germany, Italy, Leavenworth , Kansas, Tokyo

☆ Sam Bankman Fried Exposed the Fragility of Crypto - The New York Times
▼ + stars: | 2023-11-08 | by ( Molly White | ) www.nytimes.com time to read: +3 min

In early 2019, FTX’s token, FTT, was conjured out of thin air as Mr. Bankman-Fried launched FTX from the same Hong Kong office where he ran Alameda Research. The FTT token initially sold to the public for around $1, but as cryptocurrency boomed into 2021, the token skyrocketed to $10, doubled again to $20 within a month of that and eventually peaked above $75. The bulk of them remained with FTX or Alameda Research. A trader might have reasonably agreed to buy a small amount of FTT tokens for the market price listed on an exchange. Other cryptocurrency firms that were overexposed to FTX or Alameda Research went bankrupt, in turn leaving their own customers and investors in the lurch.

Persons: Fried, FTX Organizations: Hong, Alameda Research, Alameda, Binance Locations: Hong Kong, Alameda, U.S, United States, FTX

"There's been very little marking down of (private) assets," said Con Keating, head of research at Brighton Rock Group, an insurance company for pension schemes. "No-one knows where the next big blow-up for pensions will come from," said Henry Tapper, founder of pension market analysis group AgeWage. He said heavy selling of commercial property and private equity stakes by pension schemes is raising questions over private capital valuations. "It's the right approach to obviously put some scrutiny on private market valuations." But in deals where private equity firms and investors buy and sell portfolios of investments, assets are being valued at less.

Persons: Yann Tessier, Con Keating, Henry Tapper, EY's, Paul Kitson, Burgiss, Ben Leach, Willis Towers Watson, IOSCO, Wilfred Small, Sinead Cruise, John O'Donnell, Kirsten Donovan Organizations: City of, REUTERS, Britain's, Authority, Brighton Rock Group, Reuters, Numis Securities, Thomson Locations: City, City of London, Canary, London, Britain, Germany, Sweden

☆ U.S. market is too heavily reliant on pricey 'Magnificent Seven' stocks for gains, says Credit Suisse strategist
▼ + stars: | 2023-09-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

"We struggle to believe that the US at currently [circa] 60% of global market cap can continue its inexorable rise." The Shiller P/E ratio is a measure of how undervalued or overvalued the broader stock market is. Garthwaite attributed the overvalued nature of the market to the meteoric rise of technology stocks this year, especially the so-called Magnificent Seven, which includes Alphabet , Amazon , Apple , Meta , Microsoft , Nvidia and Tesla . This means the U.S. market is essentially overexposed to these seven stocks, which are seeing "extreme levels" for relative valuations, he said, in a note to clients that advised investors to underweight U.S. stocks. While Credit Suisse is still bullish on technology stocks, current high price-to-earnings multiples for the Magnificent Seven will be difficult to maintain, he said.

Persons: Andrew Garthwaite, Garthwaite, — CNBC's Michael Bloom Organizations: Apple, Meta, Microsoft, Nvidia, Tesla, Credit Suisse, Tech Locations: U.S

☆ UBS cost-cut gains are a double-edged sword
▼ + stars: | 2023-08-31 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

LONDON, Aug 31 (Reuters Breakingviews) - UBS’s (UBSG.S) acquisition of Credit Suisse looks increasingly good – maybe a little too good. There were three key questions for shareholders ahead of UBS’s delayed second-quarter results on Thursday, its first since completing the emergency rescue of Credit Suisse in June. And what would UBS do with Credit Suisse’s local business? He’s keeping Credit Suisse’s Swiss business, which allows him to establish a dominant position at home and wring out juicy cost savings. And while some Credit Suisse businesses are disappearing, Ermotti won’t mind.

Persons: Boss Sergio Ermotti, Ralph Hamers, UBS’s, Ermotti, it’s, Sergio Ermotti, Neil Unmack, Streisand Neto Organizations: Reuters, Credit Suisse, UBS, Credit, Suisse’s, Suisse, Swiss Competition, Thomson Locations: Suisse’s Swiss, Switzerland, Schweiz

☆ The IPO market is waking up, and an ETF that tracks new stocks is soaring. How it works
▼ + stars: | 2023-08-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

As stocks fell into a bear market last year and interest rates jumped sharply, the market for initial public offerings ground to a halt. And investors have warmed up to less-proven stocks in general, as shown by the Renaissance IPO ETF (IPO) . IPO YTD mountain The Renaissance IPO ETF has outperformed the S & P 500 in 2023. The fund does not have any restrictions around concentrations in specific industries. "Right now, it's very tech-heavy, which is to be expected after 2021 when a lot of big tech companies went public," Spear said.

Persons: Avery Spear, Spear Organizations: Tech, FTSE Russell, Renaissance

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