DIRS.INFO The most relevant business & tech news

☆ Most Americans aren't interested in AI tools like ChatGPT for money advice—why that's probably a good thing
▼ + stars: | 2023-09-15 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Nearly 60% of Americans say they're not interested at all in using AI tools to help them manage their money, according to a new CNBC Your Money survey conducted by Survey Monkey. In fact, only about 4% say they've already used AI to help them with their finances. Americans are using artificially intelligent chatbots like ChatGPT to boost their resumes and accelerate their side hustles , but it doesn't look like they're turning to the tool for financial advice. Publicly traded companies publish quarterly earning reports, which can be a good source of information about the financial health of a company. Also, OpenAI warns users that ChatGPT may write "plausible-sounding but incorrect or nonsensical answers" and the tool isn't intended to give advice.

Persons: they're, Douglas Boneparth, it's, OpenAI, Warren Buffett Organizations: CNBC, Survey, Publicly Locations: U.S

☆ The Arm IPO is here, but many ETFs will not be buyers
▼ + stars: | 2023-09-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The Cupertino, Calif.-based company licenses its processorIPO and tech enthusiasts are excited about the Arm Holdings Plc initial pubic offering, and with good reason: it's the first big tech IPO in more than two years. However, some investors who would like to get immediate exposure to the Arm IPO through ETFs may be disappointed. However, this particular IPO highlights several difficulties that even large companies like Arm have in acquiring a broader ownership base through ETFs. The first problem is that Arm is not a U.S. company, it's British — which generally would exclude it from the S&P indexes. Potential ETF buyers: Nasdaq-100 ETF, IPO ETFsThere are some potential ETF buyers.

Persons: Matt Bartolini, Howard Silverblatt, Van Eck, Jan Van Eck, Todd Sohn, it's, Matt Kennedy, Nate Geraci, I'm Organizations: ARM Holdings, Arm Holdings, Nasdaq, Tech, ARM, P, SPDR Technology, SPDR, SPDR Americas Research, Street Global Advisors, Global, Renaissance, Van Eck Semiconductor, CNBC, Vanguard Total U.S, Renaissance Capital Locations: Cupertino, Calif, U.S, SPDR Americas

☆ 'We are becoming more convinced that the cracks are emerging': JPMorgan warns a host of recession risks are starting to pile up — and shares 2 trades to keep your portfolio safe
▼ + stars: | 2023-09-14 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Another is the still-inverted Treasury yield curve, meaning yields on shorter-duration government bonds are higher than those with longer durations. Inversions of the 3-month and 10-year yields have preceded every recession since the 1960s without producing a false signal. The Vanguard Energy ETF (VDE) and the Energy Select Sector SPDR Fund (XLE) offer exposure to energy stocks. The Consumer Price Index, a main measure of inflation, rose to 3.7% year-over-year in August compared to 3.2% in July. Investors can gain exposure to short-term government bonds through TreasuryDirect, their brokerage, or through ETFs like the Vanguard Short-Term Treasury ETF (VGSH).

Persons: Marko Kolanovic, Kolanovic, Michael Feroli, Cash Organizations: for Supply Management, Bank of America, Federal Reserve, Treasury, Federal, Energy, Vanguard Energy Locations: China, TreasuryDirect

☆ The stock market reaction to government shutdowns may surprise you
▼ + stars: | 2023-09-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

But surprisingly, the stock market has historically gone up when the government shuts down, according to Raymond James. "Markets are largely unaffected in the lead up to a shutdown, and on average continue to rise in the 30 days following the resolution of a shutdown," Mills said. Other sectors in the broad market index that have had historically strong showings during shutdowns include communications services, consumer staples and technology. Ultimately, a government shutdown will not likely create lasting effects in the market, according to Raymond James. Not only are Democrats and Republicans on different pages, but Republicans are also not singing from the same sheet of music as other Republicans," Mills said.

Persons: Raymond James, Ed Mills, Mills, Biden, furloughs, — CNBC's Michael Bloom Organizations: Energy, Congress, Republican, Representatives, Freedom Caucus, Congressional Democrats, Senate Republicans, Senate Democrats, Caucus, Republicans Locations: U.S, Ukraine

An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China July 6, 2018. A monthly report from the Institute of International Finance showed non-residents funneled $14.9 billion out of China stocks, the largest monthly outflow on records back to 2015, while Chinese debt saw $5.1 billion in outflows. The broad MSCI stock and currency emerging market indexes posted in August their largest monthly drops since February. Equities fell across all geographical regions while debt posted inflows in Asia, Latam and emerging Europe. Year-to-date numbers through August show a $13.1 billion outflow from China while emerging markets ex-China has seen $139.5 billion in non-resident portfolio inflows.

Persons: Aly, Jonathan Fortun, Fortun, Rodrigo Campos, Chizu Organizations: REUTERS, China, EMs, Institute of International Finance, China's, Reuters Graphics Equity, Emerging, Thomson Locations: Shanghai, China, outflows, Emerging Asia, Latin, Africa, Middle East, Asia, Europe

☆ These are the market's cheapest stocks with upside — including one expected to have a 90% comeback
▼ + stars: | 2023-09-12 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

CNBC Pro looked for well-liked stocks on the broad market index that are undervalued. The chosen names are trading at a significant discount to their average forward price-earnings ratio over the past five years. Take a look at the list of Wall Street's favorite cheap stocks and where analysts see them headed next. JPMorgan and Citi have recently highlighted the stock as a promising value play, as they hold a positive long-term view on the residential solar energy market. Disney also made the list of stocks trading cheap to their historic levels.

Persons: What's, Wall Organizations: CNBC, Clean Energy, JPMorgan, Citi, Disney, Charter Communications, Bank of America Locations: SolarEdge, Monday's

Thermal coal insurance rates rose more than 20% last year, it said, above the 7.3% rise in the benchmark Marsh Global Insurance Market Index. Insurance companies can be active in both primary insurance and reinsurance and have differing commitments on ESG for different parts of their business. "Establishing a mutual fund for the coal industry is a matter for the coal industry," a spokesperson for the Australian Department of Treasury said. "I'm talking about going beyond your normal UK-based markets and looking into Asia for funders and insurance cover," she added. Coal prices hit record highs in September last year as European countries scrambled to replace Russian gas, sending coal miners' profits soaring.

Persons: Philip Mostert, Seriti, Doug Gain, Gain, Ben Davis, Willis Towers Watson, Thungela, China's, Russia's, Switzerland's Chubb, Chubb, Russia's SOGAZ, Peter Bosshard, Nombasa Tsengwa, Tsengwa, Exxaro, Clara Denina, Sarah McFarlane, Nelson Banya, Elaine Hardcastle, Daniel Flynn Organizations: REUTERS, Seriti, Thungela Resources, International Energy Agency, Reuters, Marsh Global Insurance, Whitehaven Coal, Whitehaven, Allianz, Swiss, Germany's Allianz, Insuramore, Australian Department of Treasury, South, Thomson Locations: American, Mpumalanga Province, South Africa, South, Ukraine, Whitehaven, Munich, Australia, Asia, Europe

☆ S&P 500 futures are flat after Wall Street notches four-day winning streak: Live updates
▼ + stars: | 2023-08-30 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

S&P 500 futures were flat Wednesday night after the broad market index notched a fourth-straight positive day. Futures for the S&P 500 and Nasdaq 100 futures oscillated near the flat line. Investors are coming off a positive session for the major averages Wednesday, with the S&P 500 ending the day 0.38% higher. The Dow and S&P 500 are each lower by more than 1% in August, while the Nasdaq is off by over 2%. Economists polled by Dow Jones are expecting a year-over-year rise of 4.2% last month, up slightly from a 4.1% increase the previous month.

Persons: Stephanie Link, Dow Jones Organizations: New York Stock Exchange, Traders, Nasdaq, Dow Jones Industrial, Dow, Dow Jones, Reserve, Broadcom, Fed

☆ Karen Firestone: What investors should know about megacap stocks’ market influence
▼ + stars: | 2023-08-30 | by ( Karen Firestone | ) www.cnbc.com time to read: +5 min

These four are responsible for 46% of the 17% gain in the S & P 500 year to date. In 2003, the largest stocks – General Electric , Microsoft, Pfizer and Exxon Mobil – represented merely 4.4% of the total index market value. By 2013, the share commanded by giants Apple, Exxon, Microsoft and GE rose to 8.9% of the S & P 500. That's still below their 21% market value share, but it helps explain what investors are paying for: exceptional free cash flow and sustainable margins. The S & P 500 will struggle without participation from its biggest components.

Persons: That's, Price, Karen Firestone Organizations: Apple, Microsoft, Nvidia, Meta, Delta Air Lines, Micron Technology, Electric, Pfizer, Exxon Mobil, Exxon, GE, U.S, Union, Asset Management

☆ CGS-CIMB Securities discusses Vietnam and MSCI emerging market index
▼ + stars: | 2023-08-28 | 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 EmailMatter of 'when' not 'if' Vietnam is upgraded to MSCI emerging market index: CGS-CIMB SecuritiesCarol Fong, group CEO of the institutional brokerage services firm, discusses the launch of the CGS Fullgoal Vietnam 30 Sector Cap Index ETF.

Persons: Carol Fong Organizations: CIMB, CGS Fullgoal Locations: Vietnam, CGS Fullgoal Vietnam

☆ This week's most overbought and oversold stocks in the S&P 500 include several pharma names
▼ + stars: | 2023-08-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

The relative strength index, which measures the magnitude and speed of price moves, is one way to evaluate whether shares are overbought or oversold. With this in mind, CNBC Pro screened for stocks in the broad market index that fell into overbought and oversold territory this past week. Overbought stocks Here are the ten most overbought stocks for the week. Several technology names made the list of overbought names, suggesting they may soon experience a pullback. Eli Lilly was the most overbought stock in the broad market index this week, with the highest 14-day RSI value of 85.8.

Persons: Jerome Powell's Jackson, Ralph Lauren, DXC, Eli Lilly Organizations: Nasdaq, Dow Jones, CNBC Pro, Citi, Insulet Corp, Citigroup Locations: overbought

☆ Stock futures are little changed as investors await Powell’s Jackson Hole speech: Live updates
▼ + stars: | 2023-08-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures were flat Thursday night as Wall Street looked toward Federal Reserve Chairman Jerome Powell's Jackson Hole speech on Friday morning. However, the markets turned negative for the day as investors grew more cautious ahead of Powell's remarks. Despite Thursday's declines, both the S&P 500 and Nasdaq are holding on to weekly gains of 0.2% and 1.3%, respectively. The Jackson Hole Economic Symposium in Wyoming brings together central bankers and key financial officials from across the world. During last year's gathering, stocks fell following Powell's hawkish speech.

Persons: Jerome Powell's Jackson, Powell's, Dow, Powell, Zachary Hill, Jackson, Hill Organizations: New York Stock Exchange, Federal, Dow Jones, Nasdaq, Jackson, Horizon Investments Locations: Wyoming

☆ August once again lives up to its dismal reputation for stocks
▼ + stars: | 2023-08-24 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S&P 500 is down more than 3% this month, on pace to snap a five-month winning streak. Go back 20 years and the performance gets worse: The S&P 500 has averaged a monthly 0.1% loss in that time. The S&P 500 has averaged a 0.5% loss in September over the past 20 years. Over the past 10 years, the S&P 500 has fallen an average of 1% each September. "For S&P 500 levels, we see 4,400 as the start of support (50-day average) that extends down to 4,200 (Feb.

Persons: Brendan McDermid, Wall, —, Oppenheimer, Ari Wald, China's, Ed Yardeni, we're Organizations: New York Stock Exchange, Reuters, Nasdaq, Dow Jones, Federal Reserve, CNBC, Wall, Garden Holdings, Hang, Yardeni Research Locations: China, U.S, Hong Kong

☆ Stock futures are little changed as the Nasdaq rises to its best day in August: Live updates
▼ + stars: | 2023-08-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during opening bell in New York City on August 21, 2023. U.S. stock futures were flat Monday night as the Nasdaq Composite and the S&P 500 snapped a four-day negative streak, in what has been a losing month for all the major averages. S&P 500 and Nasdaq 100 futures both ticked down 0.1%. The S&P 500 added close to 0.7%. "We're seeing a positive return in the stock market, [which] we didn't see last week.

Persons: Katy Kaminski, CNBC's, Megan Horneman, Horneman, Jerome Powell's, Jackson Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Treasury, Tech, Verdence Capital Advisors, Consumer, Philadelphia, Richmond Locations: New York City

☆ A 33-year-old who built up a 6-figure net worth through 'lazy investing' says even though 2022 was a 'a decidedly bad year for investors,' he didn't change his investment strategy. Here's what his por
▼ + stars: | 2023-08-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

After paying off $42,000 worth of debt, he got serious about investing and built up a six-figure net worth through "lazy investing" while saving for his first home simultaneously. He reacted to the 2022 downturn similarly to how he did when the stock market crashed in 2020: apathetically. These are Vanguard, Fidelity, and Schwab's total stock market index funds. Another component of the lazy investing strategy is periodic rebalancing. It probably shouldn't be any more than four times a year because then the 'lazy investing' turns a bit too hands on."

Persons: Jesse Cramer, Berkshire Hathaway, Cramer, haven't, I'm, hasn't, they're, Cramer rebalances, it's, Berkshire Hathaway Cramer doesn't, Warren Buffett, Charlie Munger, Hathaway, I'd Organizations: Berkshire, Vanguard, Fidelity Locations: Berkshire

☆ A fashion designer who retired at 36 after investing in stocks shares the 3 funds she holds and the 4th she's now aggressively buying that's up by over 580% since inception.
▼ + stars: | 2023-08-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Rachel Covert aggressively invested for seven years to build a retirement portfolio. Her large salary and aggressive budgeting allowed her to build an almost half-a-million-dollar retirement portfolio, according to financial statements viewed by Insider. For this reason, the majority of her retirement portfolio sits in the Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). This was the best choice for an aggressive growth fund. Her goal was to increase her exposure to more volatile technology growth stocks.

Persons: Rachel Covert, Roth, Covert, I'm, Investopedia Organizations: Vanguard, Market Locations: New York, Portugal, QQQ

☆ Hong Kong's benchmark Hang Seng index closes in bear market territory
▼ + stars: | 2023-08-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Hong Kong's benchmark stock index closed in bear market territory, down 2.1% in the Friday session and more than 20% below the highs of January, as uncertainty over China's property market and growth prospects erase early-year gains. The further losses on Friday came after news that embattled Chinese real estate giant Evergrande had filed for bankruptcy protection in a U.S. court. Friday's plunge for the Hang Seng index saw some of the region's largest companies close in the red, with Tencent down 2.34%, Alibaba down 3.44% and HSBC shedding 1.1%. A bear market is a prolonged downturn in prices that sees a broad market index drop at least 20% from its most recent peak. The Hang Seng index closed at 17,950.85 on Friday, down 20.88% from the 22,688.9 of Jan. 27.

Persons: Evergrande Organizations: HSBC Locations: Central, Hong Kong, U.S

REUTERS/Kim Kyung-Hoon/file photo Acquire Licensing RightsAug 18 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. At the very least, investors are nervous and scrambling to adjust to the higher yield environment. But given the tightening of financial conditions around the world, investors remain wary. The 10-year U.S. Treasury yield is above 4.30%, a whisker from highs not recorded since 2007 and the 10-year real yield at almost 2.0% is already at levels last seen in 2009. This is taking its toll - financial conditions across emerging markets are the tightest since early December, according to Goldman Sachs's EM financial conditions index, and risk assets are getting pounded.

Persons: Kim Kyung, Jamie McGeever, Bonds, Japan's, Goldman Sachs's, Josie Kao Organizations: REUTERS, U.S, Treasury, Bank of, People's Bank of China, Thomson, Reuters Locations: Ameyoko, Tokyo, Japan, Bank of Japan, China, Asia, Malaysia

☆ US home builders ramped up construction in July, beating expectations
▼ + stars: | 2023-08-16 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Housing starts, a measure of new-home construction, climbed to a seasonally adjusted annual rate of 1.452 million in the month, beating market expectations of 1.448 million, according to data released Wednesday by the Census Bureau. “Buyers embraced new homes in the first half of this year as a welcome alternative to the massive shortage of existing homes,” Ratiu said. The slight increase in starts suggests builders have some optimism, she said, though it remains to be seen what future mortgage rate increases may mean for the market. “In many cases, even repurchasing their same home at today’s mortgage rates would be out of a typical buyer’s price range.”Mortgage rates are hovering around 7% and interested buyer traffic is slowing down for some builders. The National Association of Home Builders/Wells Fargo Housing Market Index, released Tuesday looks at current sales, buyer traffic and the outlook for sales of new construction homes over the next six months.

Persons: George Ratiu, “ Buyers, ” Ratiu, “ Homebuilders, ”, “, eeking, Kelly Mangold, ” Mangold, Alicia Huey, Warren Buffett’s Berkshire Hathaway, LEN, Horton Organizations: DC CNN, Housing, Census, “, West, Real Estate Consulting, National Association of Home Builders Locations: Washington, Midwest, West, Wells Fargo, Lennar

☆ China does Intel a small favor
▼ + stars: | 2023-08-16 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

Acquire Licensing RightsNEW YORK, Aug 16 (Reuters Breakingviews) - Intel (INTC.O) can thank China later. The chipmaker on Wednesday terminated its $5.4 billion acquisition of Tower Semiconductor (TSEM.TA), after failing to secure approval from the country’s State Administration for Market Regulation. Beijing’s trustbusters are providing a helpful escape route from the intensifying technology trade war. Reuters GraphicsAdding Tower would have helped Intel boss Pat Gelsinger with his strategic pivot to making semiconductors designed by others. Tower uses old technology, however, while Intel’s new customers, including the U.S. Department of Defense and Qualcomm, want cutting-edge fabrication.

Persons: Pat Gelsinger, MaxLinear, China’s, Jeffrey Goldfarb, Sharon Lam Organizations: Dow Jones Industrial, Intel, Reuters, Tower Semiconductor, Administration, Market, NXP Semiconductors, U.S . Department of Defense, Qualcomm, Wall Street Journal, Motion Technology, Cisco Systems, Acacia Communications, Thomson Locations: San Diego , California, China, country’s, Washington, Beijing

☆ A former lawyer has paid down $190,000 in student loans and can afford to cancel the remaining $20,000 balance now. He explains why it's smarter to not pay the lump sum, and how he's investing it inst
▼ + stars: | 2023-08-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Since the interest rate on his student debt is so low, he's better off investing the money he'd use to make a lump-sum payment. If that's the case, you might want to prioritize your debt, even if you have a low interest rate locked in. Refinancing your loans at a lower interest rateGroup didn't always have such a low interest rate on his student loans. It was important to him to consolidate everything, he said: "I needed one monthly payment and one interest rate. He ended up refinancing three more times to get to his current interest rate of 2.35%.

Persons: Ian, He's, I'm, Roth, he's, they've Organizations: Ian Group, Apple

☆ U.S. home builder confidence falls for the first time in 2023
▼ + stars: | 2023-08-15 | by ( Safiyah Riddle | ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake/File PhotoAug 15 (Reuters) - U.S. home builder confidence weakened in August for the first time this year, according to a report released Tuesday, as record-breaking mortgage rates and still-high housing prices discouraged prospective buyers. The National Association of Home Builders/Wells Fargo Housing Market Index retreated to 50 in August from a 13-month peak of 56 in July. Builder confidence was largely undermined by a drop in prospective buyer traffic, which fell to 34 in Augustfrom a year-long high of 40 in July. Economists polled by Reuters expected builder confidence to remain unchanged at 56. Many current home owners are locked into low mortgage rates, and have been reluctant to put existing homes on the market amidst expensive financing options.

Persons: Mike Blake, ”, Robert Dietz, Safiyah Riddle, Chizu Organizations: KB, REUTERS, National Association of Home Builders, Market, Reuters, Federal, U.S, Thomson Locations: Valley Center , California, U.S, Wells Fargo

☆ Homebuilder sentiment drops sharply, as mortgage rates surge over 7%
▼ + stars: | 2023-08-15 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Rising mortgage rates are hitting potential homebuyers hard, and that is taking steam out of the homebuilding market. That is the first decline in seven months and the lowest level since May, when sentiment first rose out of negative territory. Mortgage rates are now holding solidly over 7%, hitting 7.24% Monday, according to Mortgage News Daily. Higher mortgage rates and the decline in buyer activity has more builders using sales incentives once again. The share of builders using all types of incentives, including buying down interest rates, rose to 55% in August from 52% in July.

Persons: Alicia Huey, NAHB, Robert Dietz, NAHB's Organizations: National Association of Home Builders, Mortgage News Locations: Wells Fargo, Birmingham , Alabama, Midwest

☆ Investors pummeled by tech in 2022 make new bets on sector in second quarter
▼ + stars: | 2023-08-14 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. The deadline for so-called 13-F filings for the second quarter is on Monday. 2023 has been a better year for investors, with the S&P 500 (.SPX) stock market index up 16% in the first half after a 20% drop in full-year 2022. IPhone maker Apple (AAPL.O), retailer Amazon, electric vehicle maker Tesla (TSLA.O), chip maker Nvidia and technology company Meta are among the group that accounted for 73% of the market's gains. Second-quarter filings suggest many hedge funds ramped up their bets on technology stocks that suffered last year.

Persons: Mike Segar, Meta's, Philippe Laffont, Svea Herbst, Bayliss, Matthew Lewis Organizations: Wall, New York Stock Exchange, REUTERS, Amazon.com, Meta, Coatue Management, Microsoft, Tiger Global Management, Nvidia, Investment, Securities and Exchange, Apple, Svea, Thomson Locations: Manhattan, New York City , New York, U.S, New York

☆ S&P 500 futures are little changed on Monday evening: Live updates
▼ + stars: | 2023-08-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Futures tied to the S&P 500 were little changed in overnight trading Monday. Futures linked to the broad market index added 0.1%, while Nasdaq-100 futures rose about 0.2%. A rebound in semiconductor and technology names lifted the S&P 500 and Nasdaq Composite 0.58% and 1.05%, respectively, during the regular trading session. Six of the 11 major S&P sectors finished positive, led to the upside by information technology. Later in the week, traders will parse releases from Target and Walmart .

Persons: Homebuilders D.R, Horton, Lennar, Warren Buffett's Berkshire Hathaway, NVR, Stocks, selloff, Morgan Stanley, Alicia Levine Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Discover Financial, Dow, Nvidia, VanEck Semiconductor, BNY Mellon, Home Depot, Target, Walmart

Search resuls for: "Market Index"

25 mentions found