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☆ Premarket stocks: These three big unknowns will drive markets in 2023
▼ + stars: | 2023-01-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

And there are three big “ifs” that will determine the health of the economy: The strength of the labor market, the American consumer and the Federal Reserve. Will the labor market cool off? This is all happening as the Fed tries to actively cool the labor market. Policymakers fear that persistent wage growth in a tight labor market will keep already sky-high inflation levels elevated. Mortgage rates continue to soarMortgage rates rose again last week, beginning 2023 twice as high as they were a year ago.

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☆ China funds with energy bets stand out in a bleak year
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +3 min

SHANGHAI, Dec 30 (Reuters) - Chinese fund managers who made big bets on energy companies are celebrating a year that was brutal for many of their peers. Huang Hai, who manages three funds for Wanjia Asset Management, far outperformed the market by wagering on energy stocks such as CNOOC , China Shenhua Energy (601088.SS) and Shaanxi Coal (601225.SS). Energy companies including Shaanxi Coal, Shanxi Lu'an Environmental Energy (601699.SS), Guanghui Energy (600256.SS) and Shenhua Energy are among her fund's top 10 holdings. A Chinese index fund that tracks the Dow Jones U.S. The Lion Oil and Gas Energy Equity Fund, which invests in global energy funds under China's outbound QDII scheme, delivered a return of 53% for domestic investors.

☆ Investing Club Mailbag: Why trimming winners is key to keeping your portfolio diversified
▼ + stars: | 2022-12-28 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Instead, at the CNBC Investing Club with Jim Cramer, our team attempts to do so based on position size. Avoiding putting all your eggs in one basket is the reason we strive to construct a diversified portfolio in the first place. At the time of our Apple trim, no other position was appreciably above 5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Southwest pilots have had to book their own hotel rooms during the airline's operational meltdown
▼ + stars: | 2022-12-28 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

Southwest Airlines has been experiencing an operational meltdown due to the winter storm and "scheduling issues." Company union VP Captain Mike Santoro told Insider that pilots are booking their own hotel rooms. Captain Mike Santoro, vice president of the Southwest Airlines Pilots Association (SWAPA), told Insider the union is encouraging its pilots to book their own accommodations during the meltdown and some pilots have had to do that. He told Insider that the decision to tell crew members to book their own accommodations comes down to safety. "Employees, like customers, may submit receipts for reimbursement consideration," a Southwest representative told Insider.

☆ U.S. to examine Southwest Airlines cancellations, calls 'unacceptable'
▼ + stars: | 2022-12-27 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Dec 26 (Reuters) - The U.S. Transportation Department (USDOT) said late on Monday it would examine the large number of Southwest Airlines (LUV.N) cancelled and delayed flights in recent days to determine if they were in the airline's control, calling them "unacceptable." "USDOT is concerned by Southwest Airlines’ disproportionate and unacceptable rate of cancellations and delays as well as the failure to properly support customers experiencing a cancellation or delay," the department said. It said it would "closely examine whether cancellations were controllable and whether Southwest is complying with its customer service plan as well as all other pertinent DOT rules." Southwest delayed 48% of flights on Sunday and 16% on Monday. Other major U.S. airlines suffered significant cancellations in recent days but not nearly at as high rates as Southwest and they have now largely recovered.

☆ 8 'super savers,' early retirees, and money experts share their 'recession-proof' strategies and other top money advice as we head into 2023
▼ + stars: | 2022-12-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

One expert wants people to know that the stock market is just one way of many to invest. Beef up your emergency fundNew Hampshire-based real estate investor Matt "Lumberjack Landlord" and his family. For him, that means investing in real estate, which he's been doing since he was 23 years old. "If you take your money and buy real estate, you'll never make 30 times or even five times your money in one day. Get creative when it comes to financing your investmentsSeattle-based real estate investor and co-founder of Evergreen Housing Network Ludomir Wanot.

☆ Turnover surges as funds rush to exit private equity stakes
▼ + stars: | 2022-12-19 | by ( Rae Wee | ) www.reuters.com time to read: +5 min

Conceived as an illiquid but lucrative method of accessing unlisted companies, private investments are typically structured into funds run by buyout firms. Investment firm Hamilton Lane says an unprecedented $224 billion in private equity stakes have been offered in the secondary market this year to mid-November. Others want to deploy their capital elsewhere - a sign that private equity funds are no longer so highly regarded. The need to sell to rebalance can occur when, as this year, private equity funds have outperformed public markets. On paper, plenty of private investments, which are typically valued quarterly, appear to have done very well this year.

☆ How Silicon Valley and Madison Avenue are remaking the world of advertising
▼ + stars: | 2022-12-19 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +5 min

The Covid years led many organizations to finally understand just how important digital transformation was to their business future. But now, there's a rebalancing taking place in the advertising business, with firms merging the best of digital with the physical world of customer relationships that remains critical. But use of technology and greater emphasis on digital marketing has led firms like ServiceNow to find new and better ways to reach customers through a journey, so to speak. AI in advertisingAs digital immerses the world of marketing, it can be applied to physical events and that's something ServiceNow learned firsthand through a series of conferences it hosts. Look outside ad industryPark advises companies to look beyond his experience, or any advertising-specific case study, for new ideas.

☆ Traders will anxiously watch the Bank of Japan
▼ + stars: | 2022-12-19 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

HONG KONG, Dec 19 (Reuters Breakingviews) - Shorting the Bank of Japan (8301.T) is the trade of 2023. Gyrations in Japanese bond yields resulting from an abrupt increase in benchmark interest rates could force indebted domestic entities to dump overseas assets, roiling global markets. The question on traders’ collective mind is what happens when the central bank finally adjusts its “yield-curve control” policy, or YCC, which has held down government bond yields for more than six years. A higher-than-expected wage hike resulting from springtime negotiations could persuade officials that salaries are offsetting higher prices, bolstering the case for normalising interest rates. Meanwhile higher interest rates would allow Japanese companies to earn better returns on their 325 trillion yen ($2.4 trillion) cash hoard.

Higher interest rates are fattening profits from regular banking, while there has been a decline in M&A deals. In both those years, the investment bank made close to 40% of revenue and more than 75% of pre-tax profit. The bank's corporate and retail businesses, meanwhile, stagnated under ultra-low interest rates that lasted longer than expected. Deutsche Bank is under scrutiny for its controls to prevent money laundering, said a person with direct knowledge of the matter. Deutsche Bank has also been under pressure from regulators to rein in its leveraged finance business, where credit is extended to already indebted borrowers.

☆ The soft-landing narrative is in trouble, and that's making stocks look expensive
▼ + stars: | 2022-12-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

There's also a rebalancing of the S & P 500 at the close. This doesn't usually cause a lot of mayhem, but there have been an unusually large number of options contracts that were still open Thursday. S & P 500 option open interest (puts+calls) (contracts, target price, followed by contracts) 4,000: 300,000 3,950: 150,000 3,900: 125,000 3,850: 80,000 Source: Interactive Brokers This is a lot of open interest. "Once it was clear 4,000 [on the S & P 500] was not holding, we sold off quickly and abruptly," he said. The index options prices are set by the opening prices on the S & P 500 on Friday, so expect a huge rush of volume at 9:30 a.m.

☆ The 'ultimate buy-and-hold' investment fund is beating 96% of its competitors this year — with the same stocks it's held since 1935. Here's how the risk aversion born after the Great Depression is sti
▼ + stars: | 2022-12-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

The Voya Corporate Leaders Trust Fund hasn't actively changed its strategy or holdings since 1935. Nearly a century after its inception, the Voya Corporate Leaders Trust Fund (LEXCX) is still going strong. That's why Client Portfolio Manager Christina Bargeron believes that the Voya Corporate Leaders Trust Fund was an unprecedented investment vehicle at its time — the "first truly passive offering" available to investors. "It's almost like taking a bet on your outlook for Union Pacific and energy," Bargeron explained. But going forward, Voya has no plans at all to change the guidelines for the Corporate Leaders Trust Fund.

☆ Today's RBI: Time to go shopping for stocks in the Nasdaq 100?
▼ + stars: | 2022-12-12 | 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 EmailToday's RBI: Time to go shopping for stocks in the Nasdaq 100? Brian Sullivan discusses the rebalancing of the Nasdaq 100, and which names that you wouldn't normally associate with the tech-heavy index will soon be added.

Below, Select shares insight on what you should consider to stay on track with your retirement savings as we close out 2022. So it's important to consider this carefully so you can avoid outliving your retirement savings — or even over-sacrificing when you're younger. Or perhaps you actually don't need to be as aggressive in your retirement savings next year. Wealthfront Learn More On Wealthfront's secure site Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. Betterment Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected.

☆ The Fed's path to a 'Goldilocks' economy just got a little more complicated
▼ + stars: | 2022-12-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty ImagesLittle effect from policy movesThe numbers would indicate that 3.75 percentage points worth of rate increases have so far had little impact on labor market conditions. Much of the Street analysis after the report was viewed through the prism of comments Fed Chairman Jerome Powell made Wednesday. Among them were supply chain issues, housing growth, and labor cost, particularly wages. "Wages are rising more than productivity, as labor supply continues to shrink. To restore labor demand and supply, monetary policy must become more restrictive and remain there for an extended period."

☆ Premarket stocks: Why the stock market is channeling Goldilocks
▼ + stars: | 2022-12-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

It’s rough out there, but there is a silver lining: Persistently high Inflation is showing signs of slowing. “This morning’s data was a Goldilocks report,” wrote Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, in a note Thursday. Gas prices also dropped between October and November, which means that inflation could keep slowing. A range of factors have led to the drop in gas prices – and not all of them are positive. The bottom line: Gas prices are still relatively high for this time of the year, but looking ahead, some forecasters see gas prices continuing to dip.

☆ If you're still missing your tax refund, you'll soon receive 7% interest from the IRS — but it's taxable
▼ + stars: | 2022-11-30 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If your tax refund is still in limbo, there's good news: Your balance may be accruing interest, and the rate increases to 7% from 6% on Jan. 1, according to the IRS. As of Nov. 18, there were 3.4 million unprocessed individual returns received in 2022, including filings for previous tax years, the agency reported. Adjusted quarterly and tied to the federal short-term rate, the 7% interest applies to pending refunds and unpaid tax balances. Typically, the IRS has 45 days after the tax-filing deadline to process your return and issue a refund. Although 7% interest is more than you'll earn from savings accounts or the new rate for Series I bonds, there's a downside — IRS interest is taxable.

☆ It's been a volatile year for the market: These are the key things to know before rebalancing your portfolio
▼ + stars: | 2022-11-29 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

After a volatile year for the stock and bond markets, it may be time to rebalance your portfolio by shifting assets back to match your original goals, according to experts. As of Nov. 28, the S&P 500 Index was down roughly 17% year-to-date, and the U.S. bond market has dropped by around 13%, leaving many investors with significantly different allocations than one year ago. Typically, you choose an initial percentage of stocks, bonds and other assets based on risk tolerance and goals, said certified financial planner Anthony Watson, founder and president of Thrive Retirement Specialists in Dearborn, Michigan. More from Personal Finance:3 lesser-known ways to trim your 2022 tax bill or boost your refundHere's how the BlockFi bankruptcy may affect your crypto taxes for 2022What to know about the latest payment pause extension on student loansBut as the markets fluctuate, the allocation of each type of asset may shift, and without periodic rebalancing, "the portfolio starts to look very different," he said. For example, if your target is 50% stocks and 50% bonds, those percentages could eventually drift to 70% stocks and 30% bonds, which is "far riskier" than the original allocation, Watson said.

☆ Abandoned Greek airport to be transformed into a 600-acre coastal park
▼ + stars: | 2022-11-25 | by ( Nell Lewis | ) edition.cnn.com time to read: +16 min

Tegel Projekt GmbH/Atelier Loidl Kai Tak International Airport, Hong Kong -- With a runway that protruded into the sea, Kai Tak International Airport in Hong Kong once had one of the most arresting approaches in the world. PHILIPPE LOPEZ/AFP/AFP via Getty Images Hellinikon International Airport, Athens, Greece -- Hellinikon was once the only international airport in Athens, Greece, before Hellinikon was once the only international airport in Athens, Greece, before closing down in 2001 . Developer LAMDA is looking to complete the first phase of construction in 2025 courtesy LAMDA Development Stapleton International Airport, Denver, Colorado -- A photo of Stapleton International Airport from 1963. The grounds of the old airport became the 125-hectare (309-acre) Quito replaced its main airport with another bearing the same name. RODRIGO BUENDIA/AFP/AFP via Getty Images Downsview Airport, Toronto -- Downsview Airport in north Toronto was once a Canadian Air Force base.

Persons: Sasaki, ”, Michael Grove, Eero Saarinen, Kai, Kok, FREDERIC J . BROWN, Kai Tak, PHILIPPE LOPEZ, Hellinikon, Milos Bicanski, Ken Tillis, Lisa Martine, Sean Gallup, Maja Hitij, RODRIGO BUENDIA, Eleni Myrivilli, …, Aleksandra Kazmierczak, it’s, we’re Organizations: CNN, Ellinikon International, Games, Charleston Waterfront Park, Newcastle University, Tegel Airport, Tegel Projekt, Kai Tak International Airport, Kai Tak International, Getty, Foster + Partners, AFP, Stapleton International Airport, Denver International Airport, Denver, Getty Images, Airport, CNN Galeville Army, Galeville, United States Military Academy, West, Wildlife Refuge, Fish and Wildlife, Wildlife, Nazi, Maja, Mariscal Sucre International Airport, Old Mariscal Sucre International, Downsview, Canadian Air Force, Downsview Airport, City, Resilience, European Environment Agency, Development, Ellinikon Locations: Athens, Greece, Ellinikon, Boston, Charleston, Beijing, American, Grove, Berlin, Hong Kong, AFP, Europe, Hellinikon, Denver , Colorado, Central, New York, Ulster County , New York, Germany, Quito, Ecuador, Toronto, Downsview Park, Canada, Downsview, City of Athens, ”

Financial planner Michael Garry opened his firm in 2006 and helped clients through the Great Recession. With a possible recession on the horizon, he advises sticking to your plan and investing more if you can. For those who lived through the Great Recession of 2007 to 2009, the prospect of another downturn is unsettling. Stick with your plan"If you have a plan, stick with your plan," Garry says. Editor's Rating 3.9/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.65/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.34/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Acorns' website Learn more On SoFi's website Learn more On Wealthfront's websiteAvoid get-rich-quick investmentsEconomic uncertainty can make us susceptible to investments that promise fast returns, but traditional investments remain your best bet.

☆ UK house price rally to end next year but no big crash expected
▼ + stars: | 2022-11-25 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

House prices fell for the first time in 28 months in October, according to a survey from the Royal Institution of Chartered Surveyors which also showed a measure of expectations for house prices in 12 months' time slumped. During the financial crisis house prices fell around 19% from peak to trough but have since roughly doubled, according to Land Registry data. When asked about the chance of a price crash within a year nine of 16 respondents said it was high or very high. Rating the value of national house prices on a scale of 1 to 10 from extremely cheap to extremely expensive, the median response from analysts was 8, up from August's 7 estimate. In London, usually bolstered by foreign investment and a dearth of supply, the median forecast showed prices would fall 7.0% next year.

☆ IMF urges China to boost COVID vaccinations, restore property sector confidence
▼ + stars: | 2022-11-23 | by ( David Lawder | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 23 (Reuters) - The International Monetary Fund urged China on Wednesday to boost COVID-19 vaccination rates and give more robust support to its troubled property sector to restore confidence and reduce risks from a global economic slowdown and high energy prices. In a statement following virtual meetings for its annual review of China's economic policies, the IMF said it was maintaining GDP growth forecasts issued in October. The IMF said economic risks for China were tilted to the downside, due to headwinds from a global slowdown, higher energy prices and tighter global financial conditions. PROPERTY SUPPORTThe Fund applauded authorities' recent support initiatives for China's slumping property sector, including a loan program to help complete unfinished homes and allowing forbearance on troubled property loans. The IMF also renewed its longstanding call for more market-based reforms in China, including ensuring "competitive neutrality" between private and state-owned firms.

☆ The US economy can stick a soft landing, but these 4 steps need to happen, says Goldman Sachs
▼ + stars: | 2022-11-21 | by ( Brian Evans | ) www.businessinsider.com time to read: +3 min

The US economy has a "feasible if challenging path to a soft landing" next year, Goldman Sachs said. "The initial steps along this path have been successful, but there is much further to go in 2023." Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. And while consumer spending will continue to grow, Goldman expects that to be offset by weakness in housing and other sectors. Step 4Lastly, Goldman says the slowdown in wage growth has to drive inflation back down to 2%, which will take longer than 2023.

☆ China’s property easing is minor capitulation
▼ + stars: | 2022-11-14 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 14 (Reuters Breakingviews) - Beijing has rolled out more measures to support its flagging real estate sector, including extending repayment periods, facilitating financing for developers and lowering mortgage down-payments. Real estate, contributing roughly a quarter of China’s $17 trillion of output, is a speculative monster that has cannibalised capital better used for other endeavours. Together with other easing steps announced since March, UBS estimates the new policies could contribute more than 1 trillion yuan ($142 billion) in fresh financing to the struggling industry. But if property must correct in the name of rebalancing, that makes boosting the rest of the economy more urgent. Measures include allowing real estate firms to defer repayment on some loans, and trust lenders are instructed to help finance companies seeking to complete rental housing construction or acquire other companies.

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