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☆ As Wall Street turns bearish on the U.S., here's where the pros say to invest
▼ + stars: | 2023-04-04 | by ( Zavier Ong | ) www.cnbc.com time to read: +6 min

Within Europe, Goldman prefers companies in value sectors that pay dividends , as well as select defensive and growth stocks in the market. Emerging markets Several Wall Street analysts are putting their money on emerging markets, with most bullish on China, the world's second-largest economy. While the bank expects just 1% earnings growth for emerging market stocks, it said the sector's valuation looks attractive at a 23% discount to global peers. Philip Blancato, CEO at Ladenburg Thalmann Asset Management, is also bullish on emerging markets. He added that the case for adding to emerging market allocations is growing, particularly given the "near guarantee" of a softer dollar in the short- to medium-term.

☆ Here's what history indicates is in store for U.S. and global stocks in April
▼ + stars: | 2023-04-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

According to CNBC Pro's analysis of S & P 500 index data on FactSet dating back to 1928, if there is a rebound in the first quarter following a down year for S & P 500, the index rises 78% of the time in April. Historically, when the S & P 500 does rise under these conditions, it delivers an average return rate of around 3%. Global stocks The MSCI World Index , which captures over 1,500 large and mid-cap stocks across 23 developed countries, tends to perform very similarly to its large U.S. benchmark peer in the month of April. However, the index offers lower volatility compared to the S & P 500. — MSCI derived data for the World index before 1986 by calculating how the index might have performed over that period had the index existed.

☆ 5 alarming stats on U.S. economic inequality in Pulitzer-prize winning author's new book
▼ + stars: | 2023-03-28 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

(Desmond's findings are based on data from a number of sources, including the U.S. Bureau of Labor Statistics and the Pew Research Center.) (Desmond analyzed tax data from a number of sources, including the Office of Management and Budget.) watch now"Most families who enjoy those subsidies have six-figure incomes and are white," Desmond writes. "There is growing evidence that America harbors a hard bottom layer of deprivation, a kind of extreme poverty once thought to exist only in faraway places of bare feet and swollen bellies," Desmond writes. Racial wealth gap is as large as in the '60sLooking at the work of other authors and Federal Reserve data, Desmond found that the racial wealth gap is as wide today as it was more than five decades ago.

☆ Hindenburg shorts Jack Dorsey's payments firm Block, shares plunge
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Cash App is seen at the main hall during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco BelloMarch 23 (Reuters) - Hindenburg Research on Thursday disclosed short positions in Block Inc (SQ.N) and alleged that the Jack Dorsey-led payments firm overstated its user numbers and understated its customer acquisition costs. Shares of Block slid 20% to $57.85 in premarket trading following the report. Hindenburg added that Block "obfuscates" how many individuals are on the Cash App platform by reporting misleading "transacting active" metrics filled with fake and duplicate accounts. Founded in 2017 by Nathan Anderson, Hindenburg is a forensic financial research firm that analyses equity, credit and derivatives.

☆ ‘Chaos creates opportunities’: Strategist says to look beyond the SVB fallout — and names his top picks
▼ + stars: | 2023-03-15 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Markets calmed somewhat Tuesday, and Kenny Polcari, chief market strategist at SlateStone Wealth, believes the worst of the equity sell-off is over. "There's a lot of damage done to some of these stocks and they're going to need to rebalance. You need health care, you need consumer staples, you need energy. So yes, I think there are opportunities certainly in the health care space that are good dividend payers as well," he said. While the stock is not a "big sexy tech name," it is a "solid, great drug name," according to Polcari.

☆ Moody's Analytics' Mark Zandi says Fed unlikely to hike rates in March given banking turmoil
▼ + stars: | 2023-03-15 | by ( Sumathi Bala | ) www.cnbc.com time to read: +3 min

"I think they're going… [to] decide not to raise interest rates at the meeting next week." Inflation 'moderating'The Fed's calculation on interest rates could get complicated as the U.S. economy continues to fight high inflation. Bank downgradeOn Tuesday, Moody's Investors Service cut its view on the entire U.S. banking system from stable to negative. But he noted the move make sense in the context of higher interest rates, which could put pressure on the banking system. Still, at the fundamental level, the economist believes the U.S. banking system is in a "pretty good spot."

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Fixed Mortgage RatesThe current average 30-year fixed mortgage rate is 6.73%, according to Freddie Mac. 15-Year Fixed Mortgage RatesThe average 15-year fixed mortgage rate is 5.95%, an increase from the prior week, according to Freddie Mac data. Mortgage rates started ticking up from historic lows in the second half of 2021 and increased significantly in 2022. Inflation remains elevated, but has started to slow, which is a good sign for mortgage rates and the broader economy.

☆ Stock futures are flat following Tuesday's bank stock comeback: Live updates
▼ + stars: | 2023-03-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, October 7, 2022. Stock futures were flat in overnight trading after Tuesday's comeback rally in bank shares. Futures tied to the Dow Jones Industrial Average dipped 30 points, while S&P 500 futures and Nasdaq 100 futures traded flat. First Republic and other banking shares rose in overnight trading, building on Tuesday's recovery, while shares of homebuilder Lennar added 3% on positive earnings results. Financials got a 2.2% boost, thanks to a comeback in banking stocks as investors bet on the sector's resilience despite the collapse of Silicon Valley Bank and Signature Bank.

☆ If you want to be defensive, look for strong balance sheets, says B. Riley's Art Hogan
▼ + stars: | 2023-03-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf you want to be defensive, look for strong balance sheets, says B. Riley's Art HoganArt Hogan, B. Riley Wealth Management, joins 'Power Lunch' to discuss the Consumer Price Index data and whether the Fed has managed to finally get a grip on inflation.

☆ NY Fed report shows near-term inflation expectations retreating sharply
▼ + stars: | 2023-03-13 | by ( Michael S. Derby | ) www.reuters.com time to read: +4 min

Meanwhile, the expected level of inflation three years from now held steady at 2.7%, matching the level last seen in October 2020, while expected inflation five years from now was seen hitting 2.6%, up from January's 2.5%. The New York Fed survey arrived just ahead of the Fed's March 21-22 policy meeting. The New York Fed report was conducted ahead of the SVB situation and does not reflect its impact. Households last month saw declining price pressures for gasoline, food, rent, medical care and college. But the New York Fed noted that last month's reading remains well below the 12-month average of an expected 3.4% rise in home prices.

☆ Judge concerned Sam Bankman-Fried is too ‘technologically savvy,’ could find a way around tech restrictions
▼ + stars: | 2023-03-10 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +2 min

CNN —United States District Judge Lewis Kaplan indicated at a hearing Friday he might modify FTX founder Sam Bankman-Fried’s bail conditions, but only after attorneys further tighten the restrictions on Bankman-Fried’s access to technology. Kaplan said he’s still not convinced that the founder of bankrupt crypto trading platform FTX wouldn’t be able to circumvent the more-restrictive bail conditions that were filed last week. “If he’s determined and inventive and I suspect he’s very inventive and technologically savvy he could find a way around it and conceivably not get caught,” Kaplan said in court Friday. Bankman-Fried, who did not attend Friday’s hearing, is currently under house arrest at his parents’ home in Palo Alto, Calif. Judge Kaplan asked the defense to submit an updated bail modification order that would tighten the restrictions to address his concerns.

☆ How to Read Your Pay Stub
▼ + stars: | 2023-03-09 | by ( ) www.wsj.com time to read: +14 min

So residents of these states may have to work a little harder to track their earnings if their employer elects to forgo sharing pay stub documents. Only residents of California, Hawaii, New York, Rhode Island, New Jersey, and Puerto Rico will see this on their pay stub, according to Greene-Lewis. 10. pretax DeductionsDepending what workplace benefits are offered by your company and which ones you’ve elected to participate in, you may see pretax or before-tax deductions listed on your pay stub in addition to the various taxes you must pay. There is also another kind of common FSA you might be contributing to that could appear on your pay stub: the dependent-care FSA. Any after-tax withholding your employer makes should be noted on the pay stub.

☆ US stocks will soon beat European peers again as hotter inflation means the region is heading into more aggressive rate hikes, BlackRock says
▼ + stars: | 2023-03-07 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

The S&P 500 this year has gained about 5% while German and French stocks are up in the 14% area. Good news on the economy means the European Central Bank (ECB) needs to hike rates more to cool inflation," wrote Wei Li, global chief investment strategist at BlackRock Investment Institute. "The ECB faces a stark trade-off between pushing up unemployment or living with persistent inflation," wrote Li. Market pricing indicates rates will peak around 3.9% compared with expectations of 3.2% in February, with fewer rate cuts expected next year. We're underweight European stocks but like the financial, energy, healthcare and consumer discretionary sectors," said Li.

☆ Why Some Investors Are Still Waiting for Discounts on Corporate Bonds
▼ + stars: | 2023-03-05 | by ( Matt Grossman | ) www.wsj.com time to read: 1 min

New bonds from corporate stalwarts such as United Parcel Service contributed to nearly $150 billion in high-grade sales last month. Corporate-debt yields are near decade-plus highs and the economy is humming. Some investors still think bonds from America’s blue-chip companies are a bad bet. Their caution stems from the relatively scant premium offered by corporate bonds relative to ultrasafe U.S. government debt, which is also paying some of its most generous yields of the past 15 years. The 5.7% yield on investment-grade corporate bonds—among the highest since 2009 in Intercontinental Exchange index data—looks less appealing next to yields above 5% on some Treasury debt, several investors said.

☆ 'Huge hunger cliff' looms, warns expert: Average recipient to get $90 less in food stamps as Covid aid ends
▼ + stars: | 2023-03-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

watch now"That's a really tight budget if you're talking about low-income families," said Ellen Vollinger, SNAP director at the Food Research and Action Center. The Food Research and Action Center has advocated for congressional legislation to address the problem. Food bank braces for increased demandLos Angeles County Regional Food Bank workers help with food distribution in Willowbrook, California, on April 29, 2021. The food bank has been increasing its food purchases in recent weeks to anticipate increased demand for food assistance, Flood said. In the aftermath of the pandemic's onset in 2020, the food bank was serving 1 million county residents, Flood said.

March 1 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. How Asian markets trade on the second day of the month on Thursday may come down to which of these two forces retains the most momentum. chartSpiraling bond yields, rates and inflation expectations aren't confined to the U.S. - euro zone PMIs also highlighted stagflationary pressures, while euro zone inflation expectations are the highest in over a decade and, in a rare occurrence, pushing above U.S. equivalents. Can Asian markets withstand these pressures on Thursday and take their cue again from China's economic renaissance? There are no top-tier Asian economic data releases on tap - South Korean retail sales, Australian building approvals and Japanese consumer confidence - leaving flash February euro zone inflation as perhaps the biggest market-mover of the day.

☆ Personal spending growth outpacing personal income growth is worrying data: SoFi's Liz Young
▼ + stars: | 2023-02-24 | 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 EmailPersonal spending growth outpacing personal income growth is worrying data: SoFi's Liz YoungLiz Young, SoFi's head of investment strategy, and CNBC's experts discuss the core PCE price index data, the actual inflation data, and more.

☆ 'Dr. Doom' Nouriel Roubini says stocks and bonds will suffer for years to come as inflation hovers close to 6%
▼ + stars: | 2023-02-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks and bonds are in for more severe losses for years to come, according to Nouriel Roubini. Roubini, who was among commentators who accurately predicted the 2008 crisis, warned investors that inflation could hover close to 6% despite the Fed's scramble to bring down high prices. Over the last year, central bankers have raised interest rates 450 basis-points to tame high inflation, a move that's weighed heavily on stock and bonds. That's because central bankers will be torn between raising interest rates to fight inflation, and lowering interest rates to alleviate debt burdens, he warned. Roubini urged investors to move away from "traditional" investments like bonds and equities, and to instead invest in inflation hedges, including short-term bonds, inflation indexed bonds, commodities, and precious metals such as gold.

☆ Hot inflation data keeps causing the market to go down — listen to the 'Homestretch'
▼ + stars: | 2023-02-24 | 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 EmailHot inflation data keeps causing the market to go down — listen to the 'Homestretch'Jim Cramer explains why Wall Street is selling off Friday after the release of the personal consumption expenditures price index data. He also offers insight into why Club holdings such as Linde are performing well.

The major Detroit pickup truck brands are sitting on growing inventories of unsold vehicles, according to Cox Automotive data provided to Reuters. Inventory levels are over 100 days’ supply for rival Stellantis NV's (STLAM.MI) Ram half-ton and heavy-duty pickups. Stellantis said in a statement it had no downtime planned at any of its North American plants, but constantly reviewed its inventory levels and would make production adjustments as needed. February sales growth was led by a 54% increase in sales to fleet customers, Power and LMC said. Especially for trucks," said Ohio dealer Rhett Ricart, whose Ricart Automotive Group sells Ford and GM trucks at different stores.

"There have been a number of approaches, but so far without getting any response" from the government, the source added. But progress has been complicated by a two-year civil war that broke out in November 2020, killing thousands of people and displacing millions. The international bond only makes up a small part of the country's total external government debt, which stood at $27.4 billion in the third quarter of last year, according to World Bank data. International bondholders have not formed a private creditors committee for the extension proposal because Ethiopia has continued to service the bond normally, two of the sources added. Recent filings show that Franklin Templeton Fixed Income Group and Allianz Global Investors U.S. LLC are some of the holders of the bond, according to EMAXX data.

☆ Japan's factory activity shrinks at fastest pace in 2-1/2 years-PMI
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) fell to a seasonally adjusted 47.4 in February, from a final 48.9 in the previous month. Factory output and new orders decreased for an eighth straight month and at faster rates than January, the sub-index data showed. By contrast, service-sector activity grew for a six month with further relaxation of domestic COVID-19 countermeasures. The au Jibun Bank flash services PMI rose to an eight-month-high of 53.6 seasonally adjusted in February from the previous month's 52.3 final. Overall, the au Jibun Bank Flash Japan composite PMI was at 50.7 in February, in line with last month's final figure, as the gloomy manufacturing index was offset by a rosy service PMI.

Feb 22 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Wall Street and world stocks had their worst day this year after purchasing managers index data showed that the U.S. services sector is roaring back to life. Stocks slumped, volatility and the dollar rose, the two-year Treasury yield neared November's post-2007 peak, the implied U.S. terminal rate rose to a new high of 5.36%, and a potential 50 basis point rate hike next month is coming on traders' radar. As analysts at Schroders put it: "A new regime in policy and market behavior is unfolding before our eyes." If the dollar and U.S. yields continue to rise, one of this year's consensus trades and the allocation of hundreds of billions of dollars to emerging markets will have to be revised.

☆ Black couples pay a higher tax penalty for marriage than White couples. Here’s why
▼ + stars: | 2023-02-20 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

A recent study by the Tax Policy Center, for example, found that Black couples on average face higher tax costs associated with marriage than White couples. “We find that Black couples are more likely than White couples to experience an income tax penalty from marriage and to face higher penalties. Differences in dollars and centsResearchers found that among couples hit with a marriage penalty, Black couples paid less in dollars ($1,804 versus $2,091) but more as a share of their income than White couples (1.8% versus 1.4%). Only 33% of Black couples got a marriage bonus compared to 44% of Whites, and those bonuses were roughly $170 smaller on average. “Taken together, Black couples in this income group paid, on average, a net penalty of $358.

☆ Amid persistent inflation, 54% of Americans are using savings to pay for everyday expenses
▼ + stars: | 2023-02-16 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Inflation is still taking a hefty toll on households, recent reports show. Prices continued their upward momentum in January, rising 0.5% for the month and 6.4% over the past 12 months, according to the latest consumer price index data released by the U.S. Bureau of Labor Statistics. To make ends meet, 27% of Americans said they've had to take money out of savings and more than half, or 54%, said they used that money to pay for everyday expenses, such as groceries and rent, the recent Country Financial Security Index found. More from Personal Finance:What is a 'rolling recession' and how does it impact you? "Inflation has shredded household budgets over the past two years, and not just when it comes to one-off discretionary expenses or special occasions, but for keeping up with day-to-day bills," said Greg McBride, chief financial analyst at Bankrate.com.

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