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Value investing can be challenging, humbling, and even lonely, as fund manager Sam Peters has learned over the last three decades. Markets are usually efficient, Peters acknowledged, meaning that stocks usually trade near their fair value. Thanks to this method, Peters' portfolio often has an unconventional combination of companies that offers diversification with the potential to compound abnormally large returns over time. Peters added: "I think we're going to be in a higher nominal rate environment, higher inflation environment, higher rate environment. Such a setup would favor value stocks over their growth peers, Peters said.
Persons: Sam Peters, Peters, he's, Morningstar, it's, we're, Johnson, They're, ROE, there's, Noble, Toby Rice Organizations: Trust Fund, Healthcare, Johnson, UnitedHealth, Insurance, International Group, AIG, Trust Locations: financials
Here are the key parties and potential combinations that may emerge from the Oct. 14 general election. LIKELY BEDFELLOWS: LABOUR AND GREENSPrime Minister Chris Hipkins has headed the Labour Party since Jacinda Ardern abruptly resigned in January. But with Labour trailing the centre-right National Party 28%-39% in the latest opinion poll, it looks unlikely Hipkins can hold onto power alone. POTENTIAL KINGMAKERSWinston Peters and his populist New Zealand First party are campaigning with slogans such as "Let’s take the country back." In the past it supported a National government, but Luxon has said he would not work with the Maori party.
Persons: Chris Hipkins, Jacinda Ardern, Hipkins, Christopher Luxon, KINGMAKERS Winston Peters, Pati, Luxon, Lucy Craymer, William Mallard Organizations: Reuters, Zealanders, LABOUR, GREENS, Labour Party, Labour, National, Green Party, Greens, ACT, ZEALAND, ACT New Zealand, Air New Zealand, New Zealand
See below for some of the red carpet’s best looks so far. Johnny Nunez/Getty ImagesTinashe Gilbert Flores/Variety/Getty ImagesChloe Bailey Andrew Kelly/ReutersMåneskin mastered ensemble dressing in a selection of complementary outfits by Rick Owens. Jamie McCarthy/WireImage/Getty ImagesOlivia Rodrigo brought the sparkle in a low-cut bejeweled Ludovic de Saint Sernin silver gown made of 150,000 Swarovski crystals. Gilbert Flores/Variety/Getty ImagesColton Haynes Dimitrios Kambouris/Getty ImagesKarol G embraced the see-through trend in a sparkling sheer beige dress by French label Ashi Studio. Dia Dipasupil/FilmMagic/Getty ImagesOffset Evan Agostini/Invision/APDemi Lovato Jamie McCarthy/WireImage/Getty Images
Persons: , Mariah Carey’s risqué, Jared Leto, Emily Ratajkowski, Cardi, Dilara, Dipasupil, Selena Gomez Doug Peters, Shakira Noam Galai, Tiffany Haddish Gilbert Flores, Jared Leto Andrew Kelly, Doechii Jason Kempin, Billy Porter Kevin Mazur, Evan Agostini, Gilbert Flores, Anitta, Noam Galai, Bebe Rexha Angela Weiss, Stephen Sanchez, tote, Johnny Nunez, Tinashe Gilbert Flores, Chloe Bailey Andrew Kelly, Måneskin, Rick Owens, Angela Weiss, Ballerini, Jamie McCarthy, Olivia Rodrigo, Ludovic de Saint, Roger Vivier, Christopher Polk, Anthony Harvey, Megan Thee, Brandon Blackwood, Jacob &, Colton Haynes Dimitrios Kambouris, Karol G, Dia Dipasupil, Demi Lovato Jamie McCarthy Organizations: CNN, Prudential Center, Variety, Schiaparelli's, Couture, Getty, New York, Jewelry, Ashi, Dia Locations: Newark , New Jersey, Turkish, British, New
A new biography of Elon Musk portrays the billionaire entrepreneur as a complex, tortured figure whose brilliance is often overshadowed by his inability to relate on a human level to the people around him — his wives, his children and those on whom he relied to help build the space exploration and electric car businesses that made him the wealthiest man on Earth. Mr. Musk’s life so far — his difficult childhood in South Africa, his stormy romantic relationships, his success as a visionary who created SpaceX and Tesla, and his impetuous decision to buy Twitter — is detailed through scores of interviews with his family, friends, business associates and Mr. Musk himself. The book, which will be released on Tuesday, is by Walter Isaacson, the journalist whose previous works have chronicled the lives of Steve Jobs, Albert Einstein, Leonardo da Vinci and Benjamin Franklin. It opens with a quote from Mr. Jobs, the co-founder of Apple, who once said, “The people who are crazy enough to think they can change the world are the ones who do.”
Persons: Elon Musk, Musk, Walter Isaacson, Steve Jobs, Albert Einstein, Leonardo da Vinci, Benjamin Franklin, Jobs, , Organizations: SpaceX, Tesla, Twitter, Apple Locations: South Africa
Netflix reappoints former ambassador Susan Rice to board
  + stars: | 2023-09-08 | by ( ) www.reuters.com   time to read: +1 min
Domestic Policy Advisor Susan Rice speaks during the National Action Network National Convention in New York, U.S., April 12, 2023. REUTERS/Jeenah Moon Acquire Licensing RightsLOS ANGELES, Sept 8 (Reuters) - Netflix Inc (NFLX.O) has reappointed former White House official and U.N. ambassador Susan Rice to its board of directors, the streaming service announced on Friday. Rice served on the Netflix board from 2018 to 2020 before taking a role in President Joe Biden's administration as domestic policy adviser. Before her first stint on the Netflix board, Rice had a long career in Washington with positions including national security adviser and ambassador to the United Nations under Democratic President Barack Obama. Rice said she was pleased to rejoin the company's board, citing its commitment "to lifting the stories of people around the world."
Persons: Susan Rice, Rice, Joe Biden's, Susan, Ted Sarandos, Greg Peters, Barack Obama, Lisa Richwine, Sandra Maler Organizations: National Action Network, REUTERS, Netflix Inc, White House, Netflix, United Nations, Democratic, Thomson Locations: New York, U.S, Washington
When it comes to picking stocks, Hannah Gooch-Peters of asset management firm Sanlam Investments UK avoids chasing trends. She said she believes investors need to look beyond the "Magnificent Seven," referring to Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — tech stocks that have made massive gains this year. Sanlam's $5 billion-plus Global High Quality Fund invests in global stocks with a "high quality bias." The companies her firm picks have rather low capital expenditure as a percentage of their sales, she said. It also has a "mortgage-signing technology service which is "really, really exciting," she said.
Persons: Hannah Gooch, Peters, Gooch, We're, it's, you've, That's Organizations: Sanlam Investments, Apple, Microsoft, Nvidia, Tesla, CNBC, Quality Fund, Peters . Services, Yum Brands, KFC, Taco Bell, Intuit, SAP, Intercontinental Exchange, Samsung Electronics
South Korean giant Samsung Electronics has an edge over other semiconductor companies, according to Hannah Gooch-Peters of asset management firm Sanlam Investments UK. Semiconductor firms have "to massively invest," Gooch-Peters said. Samsung produces dynamic random access memory chips and NAND chips. And you know … if you've got generative AI you need these memory chips to be able to use it," she added. It also has its very stable smartphone business, Gooch-Peters said.
Persons: Hannah Gooch, Peters, Gooch, Samsung's, it's, you've Organizations: Samsung Electronics, Sanlam Investments, CNBC, Semiconductor, Samsung, Taiwan Semiconductor, Qualcomm, Tesla, Intel, Sony, Korea Exchange, London Stock Exchange, Luxembourg Stock Exchange, Korea ETF, BetaShares Asia Technology Tigers Locations: Korea, Asia
For reasons no one can quite decipher, the legal soap “Suits,” which aired on USA from 2011-2019, has become the show of the summer. While it was popular enough when it aired, I’ve read more “Suits” articles in the last few weeks than during the show’s entire run. The show is a hit on Netflix, but if you are on your “Suits” journey right now, note that the ninth and final season is in fact not on Netflix — though it is on Peacock and Amazon. Perhaps you’re thinking, “Wow, if only there were a spinoff to ‘Suits,’ surely everyone would want in on that.” Well, there is a spinoff to “Suits,” called “Pearson,” which follows Gina Torres’s character, Jessica Pearson, on her next legal endeavor. But in a perfect snapshot of the inane and hostile world of streaming, “Pearson” is not streaming on any platform.
Persons: I’ve, Peacock, , “ Pearson, Gina Torres’s, Jessica Pearson, “ Pearson ”, peters Organizations: Netflix Locations: USA
Rady Shell at Jacobs ParkSan Diego Symphony music director Rafael Payare describes, “Not only is this a beautiful park to work out in, but it’s an amazing concert venue, where we’ve been doing most of our concerts. The dramatic sunsets seem to happen every day, just behind the stage.”
Persons: Rafael Payare, , we’ve, Organizations: Shell, Jacobs Park San Diego Symphony Locations: Jacobs
Gooch-Peters said ICE has tapped the huge amount of data from its exchanges arm to boost its data analytics. Gooch-Peters also called its mortgage-signing technology "really, really exciting." "We think the runway for growth, particularly on that mortgage technology side is really exciting. Its $5 billion-plus Global High Quality Fund invests in global stocks with a "high quality bias." "You've got this sort of inherent resilience of very high quality companies, their earnings streams are more resilient.
Persons: Hannah Gooch, Peters, Gooch, they've, it's, You've Organizations: Intercontinental Exchange, Sanlam Investments, CNBC, ICE, New York Stock Exchange, Quality Fund
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: This analyst is betting on ‘high quality’ stocks instead of chasing trendsCNBC’s Joumanna Bercetche spoke to Hannah Gooch-Peters of asset management firm Sanlam Investments UK. The global equity investment analyst discussed the firm’s $5 billion-plus Global High Quality Fund, which invests in global stocks with a “high quality bias.”
Persons: Bercetche, Hannah Gooch, Peters Organizations: Sanlam Investments, Quality Fund
The 15th BRICS Summit kicks off today in Johannesburg
  + stars: | 2023-08-22 | 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 15th BRICS Summit kicks off today in JohannesburgCNBC's Fifi Peters discusses the possible outcomes of the gathering in South Africa.
Persons: Fifi Peters Locations: Johannesburg, South Africa
They will discuss companies outside the U.S. showing growth prospects that are "far larger over time" than that of some mega-caps, historically. That includes being able to avoid chasing trends, not overpaying for quality companies, and much more. She will discuss the firm's $5 billion-plus Global High Quality Fund, which invests in global stocks with a "high quality bias." Join CNBC Pro Talks on Wednesday, August 23, at 12 p.m. BST / 7:00 p.m. SGT / 7:00 a.m. Here's where he's investing Related coverage from Pro: Here are 7 beaten-up global stocks that analysts expect will double Annuities, stocks or Treasurys?
Persons: Hannah Gooch, Peters, Gooch, Guy Spier, Buffett Organizations: Sanlam Investments, Quality Fund, Yum Brands, Nvidia, Bank of America Locations: U.S, Downside
The former president has told aides that he has made up his mind not to participate in the debate and has decided to post an online interview with Tucker Carlson that night instead, according to people briefed on the matter. Upstaging Fox’s biggest event of the year would be provocation enough. The decision is a potential source of aggravation for the Republican National Committee chairwoman, Ronna McDaniel, who privately urged him to attend, including in her own visit to Bedminster last month. But Mr. Trump’s primary motive in skipping the debate is not personal animosity toward Ms. McDaniel but a crass political calculation: He doesn’t want to risk his giant lead in a Republican race that some close to him believe he must win to stay out of prison. They spoke on the condition of anonymity because they were not authorized to speak for the campaign.
Persons: Tucker Carlson, Upstaging, Carlson —, Trump, Ronna McDaniel, McDaniel, that’s, Fox —, Rupert Murdoch — Organizations: Republican National, Republican, Fox Corporation Locations: Bedminster
Every company has to start somewhere, and for Uline, that beginning was 1980 in the Illinois basement of Dick and Liz Uihlein. Dick Uihlein started Uline to sell a product called a carton sizer, "one of the neatest little tools I'd ever seen." Bit by bit, the Uihleins added more packing supplies to their selection and slashed delivery times to the minimum — a decade before Jeff Bezos launched Amazon. "It's weird to develop a love of corrugated boxes and shipping supplies, but I really enjoy it," Liz told the Milwaukee BizTimes in 2020. The Uihlein family as featured on the Uline website.
Persons: Uline, Liz, Dick Uihlein, Donald Trump, there's, Forbes, Uline wasn't, Dick, Liz Uihlein, Schlitz beer's, Jeff Bezos, Scott Walker, Ron Johnson, Elizabeth Uihlein, Jacob Peters, Paul Morigi, Ron DeSantis, ProPublica, it's, Ronald Reagan Organizations: Service, Stanford, National, Milwaukee BizTimes, White House, Politico, isn't, ProPublica Locations: North America, Wall, Silicon, Illinois, Chicago, Pleasant Prairie , Wisconsin, Wisconsin, Florida, Ohio
Since his protest, praised by the British government at the time, Kyaw Zwar Minn has stayed at the northwest London ambassador's residence, a mansion surrounded by razor wire and CCTV cameras. Britain last year urged Kyaw Zwar Minn to leave the residence, citing pressure from the junta, Reuters reported. Earlier this week Kyaw Zwar Minn was interviewed by police over "an allegation that he trespassed on diplomatic premises," said Neil Swift, his London-based lawyer at Peters & Peters. Myanmar's embassy in London, Britain's Foreign Office and London's Metropolitan Police did not respond to requests for comment. Kyaw Zwar Minn was interviewed by police on Aug. 15 but charges have not yet been brought, according to Swift.
Persons: Kyaw, Toby Melville, Kyaw Zwar Minn, Aung San, Zwar Minn, Neil Swift, Peters & Peters, Swift, Chris Gunness, Suu Kyi, John Geddie, Andrew MacAskill, Conor Humphries Organizations: REUTERS, British, Reuters, Peters &, Union of Myanmar, Metropolitan Police, National Unity Government, Vienna Convention, Diplomatic Relations, Thomson Locations: Myanmar, Britain, London, United Kingdom, Aung San Suu Kyi, British, Union, Myanmar's, Vienna
New York CNN —Lyft and Uber threatened to stop doing business in Minneapolis after the city council adopted a new rule Thursday that would set a minimum wage for rideshare drivers. In a 7-5 vote, the Minneapolis City Council passed an ordinance that includes a number of rideshare worker protections, including a minimum wage for Uber and Lyft drivers. Minneapolis is debating the minimum wage as gig workers across the country are advocating for fair wages and job benefits. Uber sent an email to its drivers on Monday, urging them to contact the Mayor and City Council to ask them to oppose the move. Uber said its drivers sent over 700 emails on Thursday, but did not specify what was in those emails.
Persons: New York CNN — Lyft, Uber, Jacob Frey, Lyft, , , Frey, ” Uber, Ally Peters, Mayor Frey Organizations: New, New York CNN, Minneapolis City Council, Uber, CNN, Mayor, City Council, New York City Locations: New York, Minneapolis, City, California
An NYC apartment without a sink is available to rent, according to a TikTok video tour. The studio costs $2,500 per month, the realtor said in the video. NYC Sales & Rentals, which has the username @rentnewyork on TikTok with over 742,000 followers, showed a video tour of the studio apartment on August 3. "Tiny NYC Studio Apartment Tour," the caption on the video reads. The average rental price for a studio in Manhattan was $3,278, or $4,443 for a one-bed apartment, the data shows.
Persons: Frederick Peters, Peters, Miller Samuel, Douglas Elliman Organizations: Service, Rentals, NYC Sales, Forbes Locations: Wall, Silicon, York City, Midtown West, New York, Manhattan
Other prominent Republicans have followed his lead, including Devin Nunes, the former Republican congressman Mr. Trump hired to run his social media network, Truth Social. Mr. Nunes has sued several outlets, including The Washington Post and CNN, for publishing stories that were unfavorable to him. For small local news organizations, many of which are barely getting by financially, the suits threaten to put them out of business. This case, he added is not a “he-said/she said” matter but “a ‘three-said,’ and more.”Through his lawyer, Mr. Tomczyk declined to comment on the case. The lawyer, Matthew M. Fernholz, said his client was “categorically denying that he used the word,” or any derivative of it, during the meeting.
Persons: Devin Nunes, Trump, Nunes, Phil Bryant, Tomczyk, , Rodney Smolla, Matthew M, Fernholz Organizations: Republican, The Washington Post, CNN, Wausau, Vermont Law School Locations: Mississippi, Wisconsin
GOP-controlled states like Oklahoma are seeing major economic investment in clean energy industries. A solar power exec told The New York Times the "financial opportunity" is drawing people in. But as The Heritage Foundation pushes back against renewables, clean energy companies and projects are leading the way in Republican-led states. About two-thirds of new clean energy investment is in Republican states such as Oklahoma, Texas, and South Dakota, the Times reported. Peters, president of Solar Power of Oklahoma, told the Times, "but most people are doing this for the financial opportunity."
Persons: Trump, Entergy, J.W, Peters Organizations: New York Times, The Heritage Foundation, Service, Republican, The New York Times, Heritage Foundation, Times, US Steel, American Clean Power Association, Solar Power Locations: Oklahoma, Oklahoma , Texas, South Dakota, Arkansas, , Texas
That is by far the most ever spent on clean energy in a year. Solar and Wind Power Have Taken Off Electricity generation per year, in terawatt hours China 600 TWh 500 Solar Wind U.S. China 400 E.U. It would shred regulations designed to curb greenhouse gases, dismantle nearly every federal clean energy program and boost the production of fossil fuels. 1 2 3 4 5 Even Tulsa, with its strong links to oil and gas, is embracing clean energy. “But we also understand that energy is energy, whether it is generated by wind, steam or whatever it might be.”Around the country, clean energy is taking root in unlikely locales.
Persons: , Fatih Birol, Al Gore, Crews, Francis Energy, Dewey, Bartlett Jr, , J.W, Peters, Mr, Lazard, Gregory Nemet, , Biden, Tesla, Giovanni Bertolino, Jon Creyts, Steve Uerling’s, Uerling, Cathy Zoi, It’s, Mary Barra, , Barra Organizations: Buses, Port, International Energy Agency, India India, Energy, The New York Times, Heritage Foundation, Republican, Ford, University of Tulsa’s School of Petroleum Engineering, “ Oil, Drillers, Navistar, Public Service Company of Oklahoma, Francis, Solar Power, U.S . Steel, Gas, University of Wisconsin -, Panasonic, United, European Union, United States ’, General Motors, RMI, Ford Fusion, Tesla, Postal Service, Amazon, Peterbilt, Companies, Francis Energy, BMW Group, Honda, Hyundai, Kia, Benz Group Locations: Pittsburgh, Milwaukee, Port of Los Angeles, Houston, Europe, United States, America, China, Britain, terawatt, India, U.S, States, Beijing, London, Tokyo, Washington, Oslo, Dubai, Tulsa, Okla, Italian, Oklahoma, Oklahoma City, Texas, Galveston, In Arkansas, Republican, University of Wisconsin - Madison, Georgia, Korean, Nevada, tailpipes, California, New York, San Francisco, Canada, South Korea, Russia, Ukraine, Steve Uerling’s Tulsa, E.U, G.M
Fox Corporation’s chief legal officer, Viet Dinh, is departing, the company announced on Friday, in a major shake-up at the company after the landmark $787.5 million settlement it paid to Dominion Voting Systems in April. Mr. Dinh, a former official in the George W. Bush White House who amassed considerable power inside Fox, will stay on through the rest of the year, Fox said. Mr. Dinh gave what some inside the company considered flawed advice during the Dominion suit, which exposed a pattern of deceptive coverage by Fox News after the 2020 election. He insisted that Fox was on firm legal footing and could take the case, if need be, all the way to the Supreme Court, where he believed the company would prevail on First Amendment grounds. Check back for updates.
Persons: Fox, Viet, Dinh, George W, Bush Organizations: Dominion Voting Systems, Mr, Bush White House, Fox, Dominion, Fox News Locations: Viet Dinh
But what’s really considered a plus-size body or garment? Mike Coppola/Getty ImagesThough there are no universal criteria for plus-size clothing, the general perception of what constitutes plus-size has changed over time. Sixty-seven percent of US women are considered plus-size, Downing Peters said. The dearth of plus-size clothing adds to a stigma that makes people with bigger bodies feel marginalized, she added. Other stores have meanwhile stopped separating standard and plus-size clothing into different departments, which may help eliminate stigma, Keist said.
Persons: Ashley Graham, Paloma Elsesser, Precious Lee, Tess Holliday, what’s, , Lauren Downing Peters, Mike Coppola, , Marilyn Monroe, ’ ”, Carmen Keist, , Downing Peters, Monroe wouldn’t, ” Downing Peters, it’s, Emma McClendon, Keist, Jeff Greenberg, ” Keist, ” “, Tim Wimborne, Mina White, White, Jacopo Raule, we’ve, lionizing, , Fang, Lane Bryant, Christian Siriano, Michael Kors, I‘d Organizations: CNN, Columbia College Chicago, New York, Bradley University in, Bettmann, Getty, St, John’s University, El, Fashion Group, Reuters, Vogue, Brands, Universal, Dia, Co Locations: Bradley University in Illinois, Korea, United States, United Kingdom, British, New York, El Corte, Spain, Sydney, Florence, inclusivity, Meijer
The line of fans decked out in their red, white and blue best extends more than halfway down the block. Mike Householder and Suzanne Rivera outside the Morningside Tavern in Auckland, New Zealand on August 1, 2023. Many fans have run into each other at game after game, orchestrating informal meet-ups. For some loyal fans, this is their third, fourth or even fifth World Cup. “I’m sure there is a lot of fans nervous based on what they saw in the group stage,” he said.
Persons: Auckland’s, , , Mike, Suzanne Rivera, “ Cotton, Joe ” blare, Tara Subramaniam, Dave Gunn, they’ve, Nadia Pelayo, ” Nadia Pelayo, There’s, Garvey Daniels, Kristen Pariseau, Gunn, It’s “, it’s, Maggie Gray, Alex Morgan, Hannah Peters, Justin Brunken, Brunken, Organizations: New Zealand CNN, American Outlaws, Liberty, Portugal, CNN, Radio New Zealand, Morningside, Saints, FIFA, US, Eden Park, Sydney, , Outlaws, Auckland Locations: Auckland, New Zealand, Auckland’s Eden, United States, Paul , Minnesota, Canada, Auckland , New Zealand, America, USA, Auckland , New, Wellington, San Antonio , Texas, Texas, Eden, Portugal, Netherlands, California, Georgia, Australia, Zealand, Sweden, Melbourne, Sydney
LOOK BEYOND San Diego’s natural blessings—sunshine, ocean, plentiful tacos—and you’ll see what draws people to this southern California city: the iconic midcentury architecture, a burgeoning cultural scene and noteworthy restaurants galore. One standout, Kinme, gets kudos from its culinary peers. Chef at local favorite Vaga, Claudette Zepeda, said of the Bankers Hill hot spot, “You sit down for a 10-course omakase at Kinme and feel like you’re watching three chefs perform a show and all of your senses are involved as supporting cast members.”
Persons: Chef, Claudette Zepeda, Organizations: Bankers Locations: California, Kinme
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