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☆ Inflation’s real benefits beat theoretical costs
▼ + stars: | 2023-05-05 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

Yet economic theory has a remarkably hard time identifying the social costs imposed by a rising price level. A more serious charge is the uncertainty that rising prices introduce into financial planning. If the theoretical costs of inflation are elusive, the potential advantages it has to offer are more concrete. U.S. house prices, meanwhile, peaked last year at a full 45% higher in real terms than when Rogoff made his plea. In the end, the practical benefits of inflation will trump its theoretical costs.

Introduction to Visa Signature BenefitsVisa Signature benefits are a premium offering for cardholders seeking more from their credit experience. Always cross reference Visa Signature benefits with your specific cardholder agreement to ensure that a benefit applies to your card. How to Maximize Your Visa Signature BenefitsMaximizing your Visa Signature benefits means understanding how to leverage every feature. FAQsCan Visa Signature benefits vary by card issuer? Furthermore, Visa Signature cards often come with no foreign transaction fees, which means you can make purchases abroad without incurring additional charges.

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☆ Ferrari profit jumps 24% as demand pushes waiting list into 2025
▼ + stars: | 2023-05-04 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +3 min

Here are the key numbers from Ferrari's first-quarter earnings report, compared with Wall Street analysts' consensus expectations as reported by Refinitiv:Earnings per share: 1.63 euros, vs. 1.48 euros expected. 1.63 euros, vs. 1.48 euros expected. Revenue: 1.43 billion euros, vs. 1.39 billion euros expected. Revenue increased 20% year over year, to 1.43 billion euros from 1.19 billion euros in the first quarter of 2022. It still expects revenue of about 5.7 billion euros in 2023, with adjusted earnings per share between 6 euros and 6.20 euros.

☆ Here are Thursday's biggest analyst calls: Apple, Western Alliance, Berkshire Hathaway, Wix & more
▼ + stars: | 2023-05-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"We are initiating coverage of ZI with a BUY rating and a $30 target as a rare value investment within software. Citi upgrades Deutsche Bank to buy from neutral Citi said the global investment bank is at an "attractive entry point." " Deutsche Bank is one of the most de-rated banks YTD, yet the 1Q23 results demonstrated potential for further consensus earnings upgrades." Rosenblatt reiterates Apple as buy Rosenblatt said it's standing by its buy rating heading into earnings on Thursday after the bell. " CFRA reiterates Berkshire Hathaway as hold CFRA said it's standing by its "fairly valued" hold rating heading into Berkshire earnings on Saturday.

☆ Here are 5 things stock market investors should watch for with volatility set to ramp up through year-end
▼ + stars: | 2023-05-04 | by ( Carla Mozée | ) www.businessinsider.com time to read: +5 min

The Fed on Wednesday issued its 10th straight interest rate increase to a near 20-year high of 5%-5.25%. The latest move comes as the US bond market flashes recession warnings as steeper borrowing costs put pressure on the economy. Comerica Wealth Management2. Comerica Wealth Management4. But Comerica Wealth said it sees the signal from corporate bonds as less ominous.

India started exploring a rupee settlement mechanism with Russia soon the invasion of Ukraine in February last year, but there has been no reported deal done in rupees. "We don't want to push rupee settlement any more, that mechanism is just not working. Another official said both countries have started looking for alternatives after the rupee settlement mechanism did not work out but did not give details. Reuters GraphicsTRADE ON TRACKThe sources said trade with Russia has been continuing despite sanctions and payment issues. So payments are being made to a third country which route it or offset it for their trade with Russia," the other official said.

☆ What We Know About the Explosions Over the Kremlin
▼ + stars: | 2023-05-04 | by ( Cora Engelbrecht | ) www.nytimes.com time to read: +1 min

One explosion caused a brief fire, although it was unclear whether the drones exploded as planned or were shot down. About twelve hours after the explosions, the Kremlin issued a rare statement saying that it had foiled an “attempt on the life of the president,” who was not in the Kremlin at the time. The Kremlin houses the Russian Senate and an apartment where Mr. Putin occasionally stays, among other offices. There were no casualties or serious damage, the Kremlin said. They have accused Russia of manufacturing the incident to justify increased attacks on Ukraine or to drum up public support for its war.

☆ Indian shares rise ahead of Fed rate decision
▼ + stars: | 2023-05-02 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

BENGALURU, May 2 (Reuters) - Indian shares advanced on Tuesday, aided by broad-based gains across sectors, driven by March-quarter earnings, as investors await the interest rate decision by the U.S. Federal Reserve on Wednesday. The Nifty 50 (.NSEI) was up 0.49% to 18,153.10 as of 9:51 a.m. IST, while the S&P BSE Sensex (.BSESN) gained 0.45%. Twelve of the 13 major sectoral indexes advanced, with the high-weightage financials (.NIFTYFIN) and information technology stocks (.NIFTYIT) rising 0.5% and 1%, respectively. The benchmark Nifty 50 index (.NSEI) rose over 4% in April, its best month since November 2022. Among individual stocks, Mahindra & Mahindra Financial Services Ltd (MMFS.NS) surged 5% after reporting a year-on-year rise in consolidated profit in the March quarter.

☆ How asset managers see the investment outlook at Milken
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +2 min

[1/4] Edwin Conway Global Head, BlackRock Alternatives, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. REUTERS/Mike BlakeBEVERLY HILLS, May 1 (Reuters) - Big money managers gathered at the Milken Institute Global Conference, in Beverly Hills, California, on Monday to discuss the environment for investments amid higher interest rates, sticky inflation, banking turmoil and geopolitical tension. KAREN KARNIOL-TAMBOUR, CO-CIO AT BRIDGEWATER ASSOCIATES"The problem is that when you get paradigm shifts that really change the nature of the market environment, it takes a long time for that to get fully digested by investors." So fixed income long-short hedge fund managers feel that there's going to be very interesting distressed opportunities in eight, ten, twelve months." Reporting by Carolina Mandl and Svea Herbst-Bayliss, in Beverly Hills; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Last time Trump lawyer Joe Tacopina called a rape accuser greedy and crazy he won. It's a different world now.
▼ + stars: | 2023-05-01 | by ( Laura Italiano | ) www.businessinsider.com time to read: +13 min

By the time he won an acquittal in a high-profile, 2011 Manhattan criminal trial, Tacopina had attacked what he called her "functional tolerance" for alcohol. She remembered in graphic detail being immobilized in her bed — too drunk to resist — as she was allegedly raped, she told jurors. "She called him a rapist," Tacopina told the jury in openings Monday. "I can dance backwards and forwards in four-inch heels," she told Tacopina when he questioned her dressing-room balancing act. "It caused me to realize that staying silent does not work," she told Tacopina of the courage she saw in that #MeToo wave.

☆ A real estate investor who built a $2.7 million portfolio in 4 years shares how he made over $180,000 from his biggest housing flip to date — and pinpoints the hidden costs to avoid when flipping home
▼ + stars: | 2023-04-30 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +10 min

Real estate investor Dan Rivers, who owns a 16-unit portfolio worth $2.7 million, also flips homes. In addition to his rental income, Rivers also has another nearly $1 million invested with a number of different real estate syndicates. In fact, flipping homes has been a big part of Rivers' success in real estate investing. Getting started in flipping homesRivers first became interested in flipping homes in 2019, while working as a real estate agent. Luckily, Rivers' real estate commission cushioned the loss by a couple grand, bringing his total loss down to over $2,000.

☆ A real estate investor who got started at age 38 shares the top 3 pieces of advice for beginners that helped him build a $2.7 million in just 4 years
▼ + stars: | 2023-04-29 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Dan Rivers has amassed a 16-unit real estate portfolio worth $2.7 million in total. Rivers built his portfolio in just 4 years, after getting started in real estate at the age of 38. Real estate investor Dan Rivers is an excellent example of why it's never too late to begin working towards financial freedom. In the first year at his new job as a real estate agent, Rivers only made $28,000. In other words, don't simply ask for advice and risk making a seasoned investor think you're wasting their time.

☆ Buckingham Palace releases pre-coronation photos of Charles and Camilla
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

[1/3] Handout photo dated March 2023 issued by Buckingham Palace of King Charles III taken by Hugo Burnand in the Blue Drawing Room at Buckingham Palace, London, Britain released on April 28, 2023. Behind the King is the State Portrait of King George V, painted by Luke Fildes shortly after his coronation. Hugo Burnand/Royal Household 2023/Handout via REUTERSLONDON, April 28 (Reuters) - Buckingham Palace published three new photographs of King Charles and Queen Consort Camilla on Friday ahead of the monarch's coronation on May 6. The images were taken in the palace in March by society photographer Hugo Burnand who was official photographer for the weddings of Charles and Camilla Parker-Bowles in 2005 and of Prince William and Kate Middleton in 2011. Charles and Camilla appear in the photographs sitting in front of a state portrait of King George V, who reigned from 1910 until 1936 and was the great-grandfather of Charles.

Cloetta AB, (CLOEb.ST) a Swedish confectioner which makes Lakerol lozenges that use gum arabic, has "ample" stock of the ingredient, a spokesperson said in an email. Global production of gum arabic is about 120,000 tonnes a year, worth $1.1 billion, according to estimates cited by Kerry Group. "Both buyers and sellers are clueless on when things will normalise.”Alwaleed Ali, who owns AGP Innovations Co Ltd, a gum arabic exporting business, said his customers are looking for alternative countries to source gum arabic. It accounts for the livelihoods of thousands of people and the more expensive variety can cost about $3,000 a tonne, according to Gum Sudan. There is a poorer quality, cheaper gum from outside of Sudan, but the preferred ingredient is only found in acacia trees in Sudan, South Sudan and Chad, Alnoor said.

When Thiel spoke at the 2016 Republican National Convention, he had more hope that the party would concentrate on economic issues, his business associate said. Four political sources also told Reuters that Thiel is taking a step back from U.S. politics. In 2012, Thiel backed libertarian lawmaker Ron Paul, and in 2016 he donated some $1.25 million to the campaign efforts of Trump, who is the frontrunner for the 2024 Republican nomination. In the 2022 election cycle, however, Thiel emerged as a potential Republican kingmaker, contributing more than $35 million to 16 federal-level Republican candidates, according to OpenSecrets. The business associate said he was not aware of any special proviso for former employees.

☆ No one's buying Ivana Trump's townhouse — an extravagant unit filled with leopard print and pink marble — almost 9 months after her accidental death in the apartment
▼ + stars: | 2023-04-26 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Notably, the price of Ivana Trump's former abode has not budged since being listed in November 2022. The home was listed with Douglas Elliman and features extravagant rooms tied to Ivana Trump's personality, as well as a haunting doll modeled after Ivana Trump. After Ivana Trump's highly-publicized and financially contentious divorce from Donald Trump, Ivana Trump was awarded a settlement worth $25 million and purchased the home for $2.5 million. Ivana and Donald Trump's three children, Donald Trump Jr, Eric Trump, and Ivanka Trump, spent their teenage years in the apartment. Correction: April 25, 2023 — An earlier version of this story misstated the months since Ivana Trump's passing.

What comes to mind for you when I say the name Joe Biden? As we were planning our latest Times Opinion focus groups, we noticed recent studies, data, essays and polling about high rates of young women who identify as liberal or progressive saying they feel anxious or depressed or have been told they have mental health conditions. To try to better understand this data and the pressures and self-awareness among some young Americans today, we gathered 13 progressive young women to talk about their experiences with mental health and, more broadly, whether Generation Z faces unique mental health challenges or if Gen Zers are just more open about their struggles than previous generations are. “Our generation puts more time and effort into focusing on ourselves, especially improving mental health and the human side of ourselves,” said Molly, 25, another participant. Several of the young women said that being progressive or liberal made them more inclined to educate themselves on issues, more accepting of differences — more open.

☆ A.I. could serve as the next major catalyst for these cybersecurity stocks. Here’s why
▼ + stars: | 2023-04-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

While a major headache for customers and businesses alike, the emergence of sophisticated AI attacks could serve as a major boon for cloud companies operating in the cybersecurity space. For many years, cybersecurity cloud companies have harnessed AI and machine learning to stop attacks, monitor suspicious activity and protect businesses. .IXIC YTD mountain Nasdaq Composite so far this year As investors dip back into the technology sector, cybersecurity stocks across have risen across the board, with the First Trust NASDAQ Cybersecurity ETF (CIBR) up about 7.5% this year. Cybersecurity providers CrowdStrike and Palo Alto Networks are up 25.6% and 38.5%, respectively, year to date. "The basket of cloud and cybersecurity stocks offers something for everyone," Eyal said.

☆ A real estate investor who got started at age 38 explains how he built a 16-unit portfolio worth $2.7 million in just 4 years by adopting a compound growth mindset
▼ + stars: | 2023-04-22 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +12 min

Dan Rivers didn't buy his first real estate property until 2019, when he was 38 years old. A late start to real estate investingWhen Rivers was 16 years old, doctors discovered he had a congenital heart murmur. Although he didn't know anybody there and had never sold real estate, Rivers decided that he wanted to capitalize on his newfound confidence by trying his hand at becoming a real estate agent. But his real estate investing journey began picking up steam in 2019, when he met a local real estate flipper. How a compound growth mindset contributed to Rivers' successIn fact, Rivers credits much of his real estate investing success to this compound growth mindset.

☆ BOJ unlikely to move in April, most economists say: Reuters poll
▼ + stars: | 2023-04-21 | by ( Kantaro Komiya | ) www.reuters.com time to read: +3 min

The BOJ will likely keep YCC unchanged at next week's meeting as it awaits more evidence of sustained wage growth, sources have told Reuters. Only three of 27 economists, or 11%, said the BOJ will start to scale-back its monetary stimulus next week, whereas 11 (41%) opted for the June meeting, the April 12-19 poll showed. He added the lowered U.S. and Japanese yields after the financial turmoil also decreased the urgency to tweak YCC, which has previously faced market attacks to break the upper limit. Compared with the March poll, fewer economists expect a sudden abolition of YCC to come without warning. Half of the 24 respondents anticipated another YCC tweak, if not an outright end, in April-June.

☆ Investors can discount IMF’s emerging-market gloom
▼ + stars: | 2023-04-21 | by ( Felix Martin | ) www.reuters.com time to read: +6 min

Historically, monetary tightening in the United States has been kryptonite for emerging-market investors. Most important of all, many emerging-market central banks learned the lesson of previous cycles and raised rates early. By the end of 2021, two-thirds of the major emerging-market central banks were tightening monetary policy. Perhaps the 2020s will bring a Highly Indebted Rich Countries initiative in which emerging-market countries return the favour. But when it comes to considering the investment case for the majority of emerging-market sovereigns, investors should not be swayed.

☆ Investor Karen Firestone says this group of stocks is the next attractive segment of the market
▼ + stars: | 2023-04-19 | by ( Karen Firestone | ) www.cnbc.com time to read: +4 min

I have written several pieces that touched on the stocks with over $5 billion in market cap that fell hard from 2021's elevated grace. Market cap as a differentiator What might lead to such a wide discrepancy? What stands out is the big difference in market capitalization of the stocks in the top-performing quintile and the bottom group. The average market cap for the top fifth is $79.5 billion compared to $15.6 billion for the lowest performers. There are 4,279 stocks listed on the NYSE and Nasdaq with a market value of $5 billion or less.

☆ These are the 10 cities worldwide where the number of millionaires is rising the fastest. 3 American cities made the list.
▼ + stars: | 2023-04-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

The Chinese city topped Henley & Partners' list of cities where the number of millionaires is rising the fastest. Two further Chinese cities, three US cities, and two Indian cities, also ranked in the top ten. The top ten also includes two further Chinese cities, three US cities, two Indian cities, and one city in each Vietnam and the United Arab Emirates. Austin, meanwhile, is the highest-ranking US city on Henley & Partners' list, coming second. New York City, meanwhile, has the most residents worth $1 million or more, at around 340,000, per Henley & Partners' report.

[1/4] A view of a computer-rendered image of Climeworks' Mammoth direct air capture plant is seen in this undated handout picture obtained by Reuters, June 28, 2022. Leading the charge, the U.S. government has offered $3.5 billion in grants to build the factories that will capture and permanently store the gas - the largest such effort globally to help halt climate change through Direct Air Capture (DAC) and expanded a tax credit to $180/tonne to bolster the burgeoning technology. The sums involved dwarf funding available in other regions, such as Britain which has pledged up to 100 million pounds ($124 million) for DAC research and development. That compares with $12 billion in federal spending to drive demand for personal and commercial electric vehicles, Boston Consulting Group estimated. Occidental Petroleum has said it is well positioned for federal grants for what could be the biggest Direct Air Capture plants in the world.

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