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☆ What Warren Buffett's recent moves say – and don’t say – about today’s market
▼ + stars: | 2024-09-21 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

And so it is with Warren Buffett's Berkshire Hathaway slashing its holdings in Apple and Bank of America in recent months. Buffett himself has indicated in recent years that he doesn't see an abundance of compelling value on offer in the public markets. But this in itself isn't much of a clue about future market prospects or the macroeconomic moment. Borgato says he believes "Buffett wants to leave a Berkshire behind that requires [fewer] future cash allocation decisions, not more." I'm not a buyer of the "cash on the sidelines" case for expecting money market assets to drain into stocks.

Persons: –, Warren Buffett's Berkshire Hathaway, Buffett, Ed Borgato, it's, pare Berkshire's, Greg Abel, Berkshire Hathaway, BRK.B QUAL, Ajit Jain, Trump, Borgato, Jared Woodard Organizations: Apple, Bank of America, Bank of, Buffett, Berkshire, Berkshire Hathaway, Washington Locations: Berkshire's, Berkshire, Apple, –

☆ China-Mexico freight traffic surges in Trump, Biden tariff era, as companies find ways to evade U.S. trade war
▼ + stars: | 2024-09-20 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +16 min

Patrick T. Fallon | AFP | Getty ImagesNew data shows a surge in trade between China and Mexico at a time of tough tariff talk during the presidential campaign. This nearshoring of manufacturing enables companies to change a product's origin of goods, also referred to as the "economic nationality" of a product. Data from freight analytics firm Xeneta shows China to Mexico container trade up by 26.2% from January to July 2024, after growing by 33% in 2023. Mexico is also a member of the Pacific Alliance, a trade bloc formed by Mexico, Chile, Colombia, and Peru. "Bilateral tariffs should be expected to lead to trade diversion, and that's exactly what happened in the aftermath of the trade war.

Persons: Patrick T, Fallon, Jordan Dethwart, Mary Lovely, Anthony Solomon, Simon Cohen, Peter Sand, Donald Trump, Trump, John Piatek, Biden, Piatek, Lovely, Moody's, Elon Musk, Musk, Tesla, Sand, Charles Van der Steene, Van der, Mexico —, Freightos, Erica York, York, Tim Robertson, Ian Arroyo, Arroyo, Saul Loeb Organizations: El, El Paso Sector, AFP, Getty, U.S, Companies, Peterson Institute for International Economics, Henco Logistics, European Union, European Free Trade Area, Pacific Partnership, Pacific Alliance, GEP, Motive, BMW, Ford, GM, Kia, gigafactory, Volvo, Pirelli, Michelin North America, Hyundai, SFK USA, Maersk, Bureau of Transportation Statistics, CNBC, United, Pacific, Port, U.S ., ITS Logistics, Tax, DHL Global, Dana, Afp Locations: El Paso, Mexico, New Mexico, Chihuahua, Sunland Park , New Mexico, China, Redwood Mexico, United States, Canada, U.S, Japan, Israel, Latin America, Chile, Colombia, Peru, USA, propping, Laredo , Texas, El Paso , Houston, San Diego, Monterrey, Fremont , California, Austin , Texas, Americas, Mexican, Monterrey . Mexico, East, lading, Maersk North America, Tijuana, El Paso , Texas, Pacific Coast Port, Lazaro, Laredo, Monterrey , California, U.S . West, U.S . East, Gulf, West Coast, Asia, Mexico City, Warren , Michigan

☆ Jordan Chiles’ case is unusual. Most returned Olympic medals are for cheating.
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +5 min

PARIS — Jordan Chiles is a rarity in Olympic history: an athlete forced to return their medal for reasons other than a doping violation. On Sunday, the International Olympic Committee said that the appeal shouldn’t have been allowed, meaning she will have to return her third-place prize. In 2017, the Russian Olympic Committee said that none of the 18 athletes stripped of their medals because of doping violations had returned the physical awards. After Chiles’ bronze bumped Romanian gymnast Ana Bărbosu off the podium, the country’s Prime Minister Marcel Ciolacu said he’d refuse to attend the closing ceremony in protest. “Given these circumstances, we are committed to pursuing an appeal to help Jordan Chiles receive the recognition she deserves,” the U.S. committee said.

Persons: PARIS — Jordan Chiles, Usain Bolt, —, Nesta, “ I’m, ”, Alexander Zhukov, Karen Chen, Russia’s Kamila Valieva, Chiles, Ana Bărbosu, Marcel Ciolacu, he’d, Jack Eagan, Eagan, Frank Floyd, Ara, Ibragim Samadov, Abrahamian, Dong Fangxiao, Dong, Jordan, Jordan Chiles, “ Organizations: Team, International Olympic Committee, IOC, NBC News, Russian Olympic Committee, country’s, St, Louis Olympics, Amateur Athletic Union, Olympic, Beijing, Associated Press, “ Unified, Olympics, Sydney, U.S, Paralympic, International Gymnastics Federation Locations: American, Romanian, Ara Abrahamian’s, Swedish, Soviet Union, U.S

☆ Alphabet set to report Q2 earnings results after the bell
▼ + stars: | 2024-07-23 | by ( Jennifer Elias | ) www.cnbc.com time to read: +5 min

Google parent company Alphabet is set to report its second-quarter earnings Tuesday after the market closes. They expect modest growth in key areas such as cloud and overall revenue, after a quarter of leadership moves, AI announcements and market expansions. During the second quarter, Alphabet saw a number of expansion updates, including for its self-driving car unit Waymo, which opened its service to all San Francisco users. Reid urged employees to continue pushing AI products, suggesting they can fix mistakes as users and employees find them. Alphabet also announced a new finance chief, Anat Ashkenazi, who came from Eli Lily, the world's most valuable drugmaker.

Persons: Sundar Pichai, Barack Obama, America's, Liz Reid, Reid, Anat Ashkenazi, Eli Lily, Ashkenazi, Ruth Porat Organizations: Google, LSEG Revenue, TAC, CNBC Locations: Francisco, Phoenix, India, Mexico

☆ S&P 500 enters June near a record but with growing concerns about the market's narrow leadership
▼ + stars: | 2024-06-01 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The S & P 500 is a mere 1.2% from its all-time high, yet only 60% of its member stocks are up for the year and just over 40% last week were above their 50-day moving average. .SPX YTD mountain S & P 500, 1-year We seem to undergo one of these periods of decrying a lack of market breadth every few months in recent years. Bespoke Investment Group last week looked at the small number of past instances when the S & P 500 was so close to a record yet most stocks were beneath a 50-day average. The 100-day correlation between the S & P 500 and the Dow Jones Industrial Average has hit its lowest level since the dot-com bust of the early 2000s, according to CNBC's Data & Analytics group. The S & P 500 at the highs hit 21-times forward earnings, and we've spent very little time above that outside the pandemic melt-up and the tech boom/bust a quarter-century ago.

Persons: Warren Pies, Dow, Scott Chronert, we've Organizations: Investment, 3Fourteen, Nvidia, Treasury, Microsoft, Apple, Dow Jones, Dell Technologies, Citi, UBS Locations: Banks

☆ Stock market selloff means these shares are forming the dreaded death cross pattern
▼ + stars: | 2023-09-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The death cross has come calling for some stocks. A death cross is a price chart pattern that forms when a stock's 50-day moving average crosses below its 200-day moving average. A handful of stocks, ranging from well-known food names to a lesser-known energy company, are close to drawing a death cross. But analysts are bullish on the stock, according to LSEG, with an average rating of buy and price target implying shares could rally more almost 20%. BlackRock also made a death cross and is similarly down more than 9% on the year.

Persons: Smucker, McCormick, Alejandro Zamacona, BlackRock, Craig Siegenthaler, bode, — CNBC's Michael Bloom, Fred Imbert Organizations: CNBC Pro, PepsiCo, Pepsi, Hostess Brands, McCormick, Bank of America, Federal, BlackRock Locations: U.S, LSEG

July 14 (Reuters) - BlackRock Inc (BLK.N), the world's biggest asset manager, handily beat second-quarter profit estimates but showed a slowdown in money inflows, sending shares down about 2%. Net inflows for the quarter were $80 billion, down from $89.6 billion a year ago and $110 billion in the first quarter, amid heightened economic uncertainties. "The firm's flow mix remains skewed toward lower fee strategies, which continue to weigh on organic base fee growth," Goldman Sachs said in a note to clients. Citigroup described the results as "a bit of a mixed quarter," given BlackRock's profit beat but lower-than-expected inflows. Shares in BlackRock are up 2.85% this year, underperforming the S&P 500 index (.SPX), which is up almost 18%.

Persons: Refinitiv IBES, Kyle Sanders, Edward Jones, Goldman Sachs, BlackRock, Larry Fink, Fink, Martin Small, Jaiveer Singh, Chizu Nomiyama, Mark Potter, Anna Driver Organizations: BlackRock Inc, BlackRock, Citigroup, CNBC, Thomson Locations: New York, BlackRock, Bengaluru

July 14 (Reuters) - BlackRock Inc (BLK.N) on Friday beat second-quarter profit estimates, as investors continued to pour money into its various funds on the back of a rally in markets after a bruising start to the year. Net inflows for the quarter for BlackRock were at $80 billion, down from $89.6 billion a year ago. The company's adjusted profit of $9.28 per share leapfrogged analysts' estimates of $8.46, according to Refinitiv IBES. Fink in an investor event last month said that he is not planning to leave the asset manager "any time soon". Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Maju Samuel and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Kyle Sanders, Edward Jones, Refinitiv IBES, Larry Fink, Fink, Jaiveer Singh, Maju Samuel, Chizu Organizations: BlackRock Inc, The, Revenue, BlackRock, Securities, Exchange, Thomson Locations: The New York, BlackRock, Bengaluru

☆ BlackRock announces fresh layoffs impacting less than 1% of staff - memo
▼ + stars: | 2023-06-22 | by ( Anirudh Saligrama | ) www.reuters.com time to read: +1 min

June 22 (Reuters) - BlackRock (BLK.N) has announced layoffs that would impact less than 1% of its workforce as a result of budget reallocations to support critical priorities, according to a memo seen by Reuters on Thursday. The company's new round of job cuts followed a recent business review process, Chief Operating Officer Rob Goldstein and Global Head of Human Resources Caroline Heller said in a memo to staff. The departments impacted were not known immediately, but the asset manager's headcount will be higher at the end of 2023 than at the beginning of the year despite the job cuts, the memo said. On Wednesday, JPMorgan Chase cut around 20 investment banking jobs in Asia in a fresh round of layoffs, Reuters had reported, citing a source with direct knowledge of the matter. Reporting by Anirudh Saligrama in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Rob Goldstein, Caroline Heller, Anirudh, Devika Organizations: Reuters, BlackRock, Wall Street titans, Global, Human, Wednesday, JPMorgan Chase, Thomson Locations: BlackRock, Asia, Bengaluru

☆ Partial de-dollarization is possible, but China won't dethrone the greenback even if it becomes the world's largest economy
▼ + stars: | 2023-06-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

JPMorgan strategists said dollar dominance isn't going away anytime soon, regardless of China's growth. Partial de-dollarization in possible as China's yuan becomes a bigger part of global commerce. De-dollarization can stem from sliding faith in the dollar, or developments that enhance the credibility of other currencies. "Historical experience thus suggests that if China were to overtake the US as the world's largest economy around 2030, dollar dominance may persist even into the second half of the 21st century." The bank maintained that China stands as the only competitor eager to supplant the role of the dollar and the US economy in the long-term.

Persons: —, reallocations, Stephen Jen, Eurizon Organizations: Service, JPMorgan, International Monetary Locations: Great Britain, China

☆ The Big Part of the Debt Ceiling Deal Congress Isn’t Talking About
▼ + stars: | 2023-05-31 | by ( Margot Sanger-Katz | Alicia Parlapiano | ) www.nytimes.com time to read: +10 min

Annual deficit projections $3 trillion Current trajectory Full debt limit deal Debt limit bill House G.O.P. bill passed in April $2 trillion $1 trillion 2023 2028 2033 Annual deficit projections $3 trillion $2 trillion $1 trillion Current trajectory Full debt limit deal Debt limit bill House G.O.P. But negotiators are confident enough in the agreement that they are moving forward with the debt limit bill this week. The debt limit deal scenarios assume that after budget caps lift in 2026, Congress will increase spending in line with inflation. It's also possible that the entire deal holds, and the next Congress will still make vastly different spending choices.

Persons: Kevin McCarthy, Biden, “, It's Organizations: House Republicans, White, New York Times, Congressional, Republicans, Office, SNAP, Internal Revenue Service, Social Security, Medicare, Savings, Energy, Biden, Medicaid, of Commerce, Federal Locations: That’s, G.O.P, Washington

☆ The tech rally is a sector reallocation rather than demand acceleration: Jefferies' Brent Thill
▼ + stars: | 2023-03-17 | 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 EmailThe tech rally is a sector reallocation rather than demand acceleration: Jefferies' Brent ThillBrent Thill, Jefferies equity research analyst, joins 'Squawk on the Street' to discuss the potential for future downticks in tech demand, increasing moves towards portfolio reallocations, and more.

☆ Exclusive: China eyes help for shell-shocked consumers but big stimulus unlikely-sources
▼ + stars: | 2023-02-03 | by ( Kevin Yao | ) www.reuters.com time to read: +6 min

That has raised expectations that hefty household stimulus measures could be announced at a parliament meeting in March. Prominent academics have felt emboldened to speak publicly about sizeable demand-side measures such as 1 trillion yuan ($148.28 billion) or more in consumption vouchers. Some analysts say pent-up demand during the pandemic may be enough for consumption to grow with little policy support. Household savings jumped 7.9 trillion yuan last year to 17.8 trillion yuan. Several Chinese cities have already offered about 5 billion yuan in consumption vouchers and subsidies in total since December.

☆ Florida pulls $2 bln from BlackRock in largest anti-ESG divestment
▼ + stars: | 2022-12-01 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

This will allow them to hold hearings on ESG and grill the chief executives of BlackRock and other major assets managers about their ESG policies, and also pressure regulators to scrutinize them. Patronis accused BlackRock of focusing on ESG rather than higher returns for investors. U.S. Democratic officials have argued BlackRock doesn't press ESG concerns enough. read moreSo far, only Republican-controlled states have made major reallocations away from BlackRock, including $794 million pulled by Louisiana's treasurer read more and $500 million by Missouri's treasurer, both in October. Reporting by Ross Kerber in New York; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Japan Inc strongly backs defence spending, many firms near limit on weak yen
▼ + stars: | 2022-10-12 | by ( Rocky Swift | ) www.reuters.com time to read: +4 min

read moreAmidst those threats and rising geopolitical tensions following Russia's invasion of Ukraine, Prime Minister Fumio Kishida has pledged to "substantially" boost defence spending, which remains under his ruling party's goal of 2% of GDP. Register now for FREE unlimited access to Reuters.com RegisterThe latest Reuters poll showed that 81% of Japanese companies were in favour of raising defence spending to that level. read moreHalf of firms polled expect the weak yen to hurt profits through the end of January, compared with 29% who expected it would boost earnings. read moreSLUGGISH GROWTHAmong those hurt by the weak yen, 64% said they were coping by raising prices, the most common response. The Reuters Corporate Survey, conducted for Reuters by Nikkei Research, canvassed 495 big, non-financial Japanese firms on condition of anonymity, allowing them to speak more freely.

☆ Japan Inc strongly backs defence spending, many firms near limit on weak yen - Reuters poll
▼ + stars: | 2022-10-12 | by ( Rocky Swift | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com RegisterThe latest Reuters poll showed that 81% of Japanese companies were in favour of raising defence spending to that level. And in last month's poll, three quarters of firms said they were concerned about a geopolitical crisis around Taiwan. read moreHalf of firms polled expect the weak yen to hurt profits through the end of January, compared with 29% who expected it would boost earnings. read moreSLUGGISH GROWTHAmong those hurt by the weak yen, 64% said they were coping by raising prices, the most common response. The Reuters Corporate Survey, conducted for Reuters by Nikkei Research, canvassed 495 big, non-financial Japanese firms on condition of anonymity, allowing them to speak more freely.

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