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☆ What to expect in the market ahead
▼ + stars: | 2023-03-06 | 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 EmailWhat to expect in the market aheadMona Mahajan, senior investment strategist at Edward Jones, joins 'Squawk Box' to discuss the market and her expectations.

☆ CNBC Daily Open: Markets reeled as Fed officials confirmed commitment to high interest rates
▼ + stars: | 2023-03-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hawkish sentiment from Federal Reserve officials weighed on stocks and buoyed Treasury yields, giving markets a disappointing start to March. Minneapolis Federal Reserve President Neel Kashkari said Wednesday he's "open-minded" about raising interest rates by either 25 or 50 basis points. Kashkari, who is a voting member on the Federal Open Market Committee, added he might hike rates even further. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Higher manufacturing prices gave markets a bad start to March
▼ + stars: | 2023-03-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ Analysis: Goldman Sachs faces hard sell for its consumer assets
▼ + stars: | 2023-03-01 | by ( Saeed Azhar | ) www.reuters.com time to read: +5 min

NEW YORK, March 1 (Reuters) - Goldman Sachs Group Inc (GS.N) is embarking on a tough sales pitch to investors for assets in its troubled consumer business, which has dragged on earnings and may lack appeal for potential buyers. In an unexpected move, Chief Executive Officer David Solomon said on Tuesday the bank is looking at 'strategic alternatives' for the consumer business, a signal of a possible sale. Solomon had championed Goldman's foray into consumer banking since taking the reins at the Wall Street powerhouse in 2018. The consumer operations largely failed to gain traction against well-established consumer banks and lost billions of dollars due to credit provisioning. Mike Mayo, an analyst at Wells Fargo, wrote in a note that the key question about Goldman's consumer business is: "who would be willing to buy it, and at what price?"

☆ Hong Kong’s office landlords face a tough rebound
▼ + stars: | 2023-03-01 | by ( Thomas Shum | ) www.reuters.com time to read: +3 min

HONG KONG, March 1 (Reuters Breakingviews) - Hong Kong offices are emptier than in other Asian financial centres. Singapore and Tokyo boast rates well under half of Hong Kong’s level, and figures there are either improving or roughly unchanged. Last year, mainland-based companies accounted for less than 6% of all leases in Hong Kong’s key Central business district, from nearly 30% in 2019. Hong Kong’s economy shrunk for three of the last four years, and its population is slimming too. However, the plan to reduce its office footprint may not apply to Hong Kong, a person familiar with the situation told Breakingviews.

☆ Toronto stocks seen up 6.2% by year-end, despite 'wall of worry'
▼ + stars: | 2023-02-22 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

"Equity markets have exhibited remarkable resilience, climbing a wall of worry toward higher common stock prices," said Brandon Michael, senior investment analyst at ABC Funds. "The main drivers toward higher stock prices include decelerating inflation, central banks easing up on their monetary policy tightening efforts, and improving investor risk appetite." Canada's annual rate of inflation cooled to 5.9% in January after peaking at 8.1% in June, data on Tuesday showed. The energy and materials sectors combined account for about 30% of the Toronto market's weighting. (Other stories from the Reuters Q1 global stock markets poll package:)Reporting by Fergal Smith; additional polling by Aditi Verma, Milounee Purohit and Mumal Rathore; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Brookfield consortium trims offer for Australia's Origin Energy to $10.5 billion
▼ + stars: | 2023-02-21 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +3 min

Feb 22 (Reuters) - A Brookfield-led consortium trimmed its offer for Origin Energy by 1% on Wednesday, valuing Australia's no.2 power producer and energy retailer at A$15.33 billion ($10.5 billion), after government moves to cap gas prices hit valuations in the sector. The consortium's first offer in November of A$9 per share was a near 55% premium to its previous close and valued Origin A$15.5 billion. Argo Investments, Origin's ninth largest investor, said the revised offer was still good value for the takeover target. The revised offer comprises A$8.90 apiece for the first 100,000 Origin shares. Almost 75% of Origin's shareholders own fewer than 100,000 shares, according to its annual report.

☆ FTSE100 stocks have been shunned for years. Now investors love them
▼ + stars: | 2023-02-17 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

Both US indexes have recovered slightly following last year’s big falls, but one of the biggest drags on their performance — high interest rates — is likely to stick around. That’s because, when interest rates are low, the yields on government bonds are also low. That boosts investors’ appetite for riskier investments, such as the stocks of small or highly indebted tech companies that could make blockbuster returns years down the line. BP (BP) and Shell (SHLX), both FTSE companies, more than doubled their annual profits last year to a combined $68 billion. But the lack of tech companies may come back to haunt the FTSE, once inflation and interest rates fall back.

☆ Here's how to invest in 3 'tectonic shifts' that will shape markets over the next few years, according to BofA
▼ + stars: | 2023-02-10 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

The firm walked investors through patterns in interest rates and government spending. From 2008 to last year, ultra-low interest rates and central bank policy made for an era of easy money. They said that will favor value stocks over growth stocks, and will make dividend-paying stocks and alternative investments more appealing. It's also a potential economic challenge, as national debt levels have risen at the same time that interest rates have increased. "We have entered a bull market in state intervention and activism," Quinlan and Sanfilippo wrote.

☆ Analysis: Rebounding yields could scuttle U.S. stock rally as Powell stays firm on rates
▼ + stars: | 2023-02-08 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

The S&P 500 (.SPX) rose 1.3% along with a 6 basis points rise in the 10-year U.S. benchmark Treasury yield . yields vs stocksHigher bond yields dull the relative appeal of stocks while raising companies’ borrowing costs. Higher Treasury yields can also weaken the valuations of equities in standard valuation models, particularly for tech and other companies that rely on future profits that are discounted at higher rates when yields rise. Meanwhile, some investors are not yet worried about the threat to stocks from yields. Jacobsen is bullish on growth stocks, which were squashed by higher yields last year but have staged a strong rebound in 2023.

MELBOURNE, Feb 6 (Reuters) - Global gold miner Newmont Corporation (NEM.N) has made an indicative $16.9 billion takeover offer for Australia's No. 1 goldminer Newcrest Mining Ltd. (NCM.AX), Newcrest said on Monday in a deal that would leverage both miners' operations in Australia and Canada. The offer price implies a premium of about 21% to Newcrest's last closing value of A$22.450, where Newcrest shareholders will receive 0.380 Newmont shares per every Newcrest share. "The Newcrest board, together with its financial and legal advisers, is considering the indicative proposal," the Australian gold miner said. The offer follows a rejected stock bid of 0.363 Newmont share per every Newcrest share, which the Australian gold miner consider "would not deliver sufficiently compelling value to Newcrest shareholders and on that basis".

Worries of higher rates for longer amplified the downbeat mood set by disappointing results from megacap growth companies. The three main Wall Street indexes were still set for gains this week. Ten of the top 11 S&P 500 sectors fell with only energy stocks (.SPNY) in positive territory as oil prices rose. Nearly 70% of half the S&P 500 firms that reported fourth-quarter earnings have topped Wall Street expectations. Analysts now see earnings of S&P 500 firms declining 2.7% for the quarter, according to Refinitiv.

[1/2] A man is reflected in an electronic board showing Britain's FTSE 100 outside a brokerage in Tokyo, Japan, June 27, 2016. REUTERS/Toru HanaiLONDON, Feb 3 (Reuters) - Britain's blue-chip FTSE 100 (.FTSE) index hit a record high on Friday, in what could mark a potential turning point for UK assets, which have been dogged by a floundering economy. The FTSE 100 rose to 7,906.58 at 1545 GMT, surpassing a previous record high of 7,903.50 hit on May 22 2018. "Is it realistic that the FTSE being at an all-time high when we consider the state of the UK economy? The FTSE 100 closed Friday up 1.04% higher and has rallied 4.9% so far this year.

☆ With unemployment at 3.4%, a recession is clearly not imminent, says Edward Jones' Mona Mahajan
▼ + stars: | 2023-02-03 | 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 EmailWith unemployment at 3.4%, a recession is clearly not imminent, says Edward Jones' Mona MahajanMona Mahajan, senior investment strategist at Edward Jones, and Ron Insana, co-CEO at Contrast Capital Partners, join 'Power Lunch' to discuss the latest labor market numbers, the Fed's quantitative tightening, and speculative investments making gains.

Some hedge funds, wealth managers, and asset managers are still hiring. Recruiters told us what roles are in demand and what skills can help you land them. Big-name hedge funds like Citadel, D. E. Shaw, and Millennium Management posted double digits in a year that many other investment managers would rather soon forget. Alternative asset managers, meanwhile, are hiring in the private-wealth-management businesses they've spent recent years building out. … if you're in or interested in wealth managementDespite the market downturn, wealth managers are in high demand.

☆ Jobs report to give clues about where economy is headed
▼ + stars: | 2023-01-29 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

Investors will get another clue when the January jobs report is released on Friday. Economists predict that 185,000 jobs were added last month, a slowdown from the gain of 223,000 jobs in December and 263,000 in November. A further deceleration in the labor market would likely please the Fed, as it would show that last year’s rate hikes are successfully taking some air out of the economy. Along those lines, average hourly earnings, a measure of wages that is also part of the monthly jobs report, are expected to increase 4.3% year-over year. So far, tech earnings season is not off to an inspiring start, with Microsoft (MSFT), Intel (INTC) and IBM (IBM) all reporting weak results.

☆ Wood's ARK Innovation Fund on pace for best month ever as battered stocks surge
▼ + stars: | 2023-01-27 | by ( David Randall | ) www.reuters.com time to read: +2 min

NEW YORK, Jan 27 (Reuters) - Cathie Wood's ARK Innovation Fund is closing in on the best monthly performance in its history as it rides a rebound in many of the high-growth stocks that took a beating last year. The $7.3 billion ARK Innovation (ARKK.P) fund is up slightly more than 25% for the month to date, putting it ahead of the 25% gain it notched in April 2020. Investors are awaiting the Feb. 1 conclusion of the Fed's monetary policy meeting for clues on whether easing inflation is swaying policymakers to a less hawkish view. The central bank is widely expected to increase its key policy rate by another 25 basis points next week. Overall, January's rally has helped ARK Innovation's assets under management grow by approximately $1.2 billion this month, while investors have pulled a net $59 million out of the fund, according to Lipper data.

☆ Costcutter owner Bestway buys Sainsbury's stake
▼ + stars: | 2023-01-27 | by ( James Davey | ) www.reuters.com time to read: +4 min

Sainsbury's shares were up 4.5% on Friday, hitting their highest since April and leading gainers on the FTSE 100 (.FTSE) index. The 3.45% stake makes Bestway Sainsbury's sixth largest investor, Refinitiv Eikon data showed. Asda was purchased by brothers Mohsin and Zuber Issa and private equity company TDR Capital for an enterprise value of 6.8 billion pounds, while Morrisons was bought by U.S. private equity firm Clayton, Dubilier & Rice for 7 billion pounds. Sainsbury's proposed 7.3 billion pounds takeover of Asda was blocked by Britain's competition regulator in 2019. Shares in Sainsbury's closed on Thursday at 239.4 pence, valuing the business at 5.6 billion pounds.

☆ British finance minister sticks to tax-hiking plans, pledges post-Brexit reforms
▼ + stars: | 2023-01-27 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +3 min

Optimism in the U.K. economy has been in "short supply" in recent months, Hunt said. The Finance Minister stressed the importance of making the U.K. a place where companies want to do business. Hunt's speech comes as the U.K. inflation rate most recently reached 10.5% in December, well above the Bank of England's target of 2%. U.S. Inflation Reduction Act concernsJeremy Hunt said the U.K. government has "some concerns" about the U.S. Inflation Reduction Act in a Q&A session that followed his speech Friday. Absolutely not," Hunt added.

☆ Watch CNBC's full interview with Citi's Scott Chronert and Edward Jones' Mona Mahajan
▼ + stars: | 2023-01-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Citi's Scott Chronert and Edward Jones' Mona MahajanScott Chronert, Citi U.S. equity strategist, and Mona Mahajan, senior investment strategist at Edward Jones, join 'Squawk on the Street' to break down the market, a possible mild recession, and more.

☆ Watch CNBC's full interview with Wharton's Jeremy Siegel, Solus' Dan Greenhaus and Merrill's Marci McGregor
▼ + stars: | 2023-01-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wharton's Jeremy Siegel, Solus' Dan Greenhaus and Merrill's Marci McGregorJeremy Siegel, Wharton School of business professor, Dan Greenhaus, Solus Alternative Asset Management chief strategist, and Marci McGregor, Merrill and Bank of America senior investment strategist, join 'Closing Bell: Overtime' to discuss the Fed's next meeting and what the next rate hike would mean for the markets.

☆ Instant view: U.S. GDP grows in fourth quarter; weekly jobless claims fall
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +6 min

Gross domestic product increased at a 2.9% annualized rate last quarter, the Commerce Department said in its advance fourth-quarter GDP growth estimate on Thursday. The swing in inventories was the wildcard and that added 1.46 percentage points to GDP growth. "If you look at the GDP data it does seem like we left 2022 with a little bit more momentum than people had thought and with consumption we're also in a pretty good spot. “We have a GDP number that is well above trend, and the previous quarter’s number was well above trend. That suggests higher rates were starting to take a bigger toll, and sets the stage for weaker growth in the first quarter of this year."

☆ It doesn't need to be a massive recession this year, says Charles Schwab’s Kevin Gordon
▼ + stars: | 2023-01-26 | 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 EmailIt doesn't need to be a massive recession this year, says Charles Schwab’s Kevin GordonKevin Gordon, Charles Schwab senior investment research manager, joins 'Closing Bell: Overtime' to offer his view on recession, the labor market, and the economy.

☆ Microsoft puts out gloomy guidance on revenue in another sign of pain for techs
▼ + stars: | 2023-01-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Microsoft shares initially rose 4.6% after the tech giant released its second-quarter earnings report after the market closed Tuesday, after its cloud computing division Azure posted better-than expected results. It expects between $50.5 billion to $51.5 billion in revenue in the third quarter, compared with expectations for over $52 billion, as growth in its Azure cloud-computing unit falters. Its outlook for revenues in its Azure division was also cut, after growth in the cloud-computing division slowed to 31%. "But overall revenue growth lower than expectations, companies and consumers are clearly belt tightening and Microsoft is cautious about the quarter ahead with sales momentum slowing."

☆ S&P 500 futures are up slightly as investors weigh latest corporate earnings
▼ + stars: | 2023-01-25 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

S&P 500 futures advanced modestly Wednesday night as investors parsed through the latest batch of corporate earnings that dropped after the bell. Futures tied to the broad index traded up 0.2%, while Nasdaq-100 futures gained 0.3%. Futures tied to the Dow gained 27 points, or 0.1%. Tesla and Levi Strauss were among stocks advancing after beating expectations for revenue and earnings per share. Investors will watch Thursday for earnings from airlines including Southwest, American, Alaska and JetBlue.

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