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☆ How to protect your portfolio against recent volatility and selling pressure
▼ + stars: | 2024-08-06 | 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 EmailHow to protect your portfolio against recent volatility and selling pressureLee Baker, Owner and President of Apex Financial, discusses how to protect your portfolio from an economic downturn.

Persons: Lee Baker Organizations: Apex Financial

Video footage shows an angled line alongside Lee’s body, which is bent at the hips. Video footage shows an animated white line that follows Lee’s feet as she kicks them toward the ceiling on the upswing. Video footage shows a white line indicating that Lee’s body is about 3 to 4 feet above the high bar. Video footage shows a white line animating downward along the back of Lee’s body as she extends her feet. The Cappuccitti Release Catch the bar Front flip Full-twisting Jaeger Release Catch the bar Flip with full twist The Cappuccitti Full-twisting Jaeger Release Release Flip with full twist Front flip Catch the bar Catch the bar The Cappuccitti Full-twisting Jaeger Release Release Flip with full twist Front flip Catch the bar Catch the bar The Cappuccitti Catch the bar Release Front flip Full-twisting Jaeger Catch the bar Release Flip with full twist Note: The Cappuccitti was performed by Luo Rui.

Persons: Sunisa Lee, Lee, ”, “, Lee ”, Bernd Jäger, Stephanie Cappuccitti, Luo Rui, Jaeger, Rui, Aleksandr Tkatchev —, Gabby Douglas, Li Ya Organizations: Olympic, Games, International Gymnastics Federation, New York Times, U.S.A Locations: Paris

☆ Retailers shift their thinking on costly last-mile delivery as consumer need for speed raises costs
▼ + stars: | 2024-07-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Consumer need for speed in package delivery, which has reached its apex with same-day shipping, has placed retailers in a tough spot when it comes to managing transportation costs. Retail executives surveyed say as more — especially younger — consumers demand same-day delivery, the financial payoff isn't there. Roughly three-quarters (76%) of retail executives surveyed by AlixPartners said delivery cost on a per-package basis has increased since last year, and three out of four said home delivery does not add to profitability. 1 priority for last-mile delivery. To save on delivery costs, retailers are moving away from reliance on single carriers in last-mile delivery.

Persons: AlixPartners, Marc Iampieri, Iampieri Organizations: UPS, FedEx, Retail, Carriers, Teamsters Locations: Manhattan, New York City

☆ These apartments go for more than $100,000 a month. Why the superrich are deciding to rent rather than buy.
▼ + stars: | 2024-07-23 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

AdvertisementIn doing so, they have etched out a new niche at the most rarefied heights of the residential market, in part by persuading buyers who might have lavished millions of dollars – or more – to rent instead. Rental projects, on the other hand, while less lucrative upfront, offer more stability for owners with a long time horizon. It recently reconsidered the plan based on the success of the building's rentals, Aries said, and is now offering the penthouse unit for rent. A guest room at a Maison Hudson luxury apartment Kira Turnbull for The CollectionBased on the success of Maison Hudson, Wainbridge is planning identical projects in Los Angeles and Miami Beach, according to Oudinot. Advertisement"The demand is thin and high and very volatile" at the top of the residential market, according to Nancy Packes, a real estate advisor and broker.

Persons: —, Ken Griffin, –, Maison, Tyrone McKillen, McKillen, Maison Hudson, Kira Turnbull, Jay, Beyonce, Erin Boisson Aries, Douglas Elliman, Aries, Maison Hudson Kira Turnbull, Maison Hudson's, Mikhail Kurnev, Kurnev, Jacques Oudinot, Barths, Oudinot, Wainbridge, Nancy Packes Organizations: Service, Business, Maison Hudson, Bel Air, Wainbridge, Miami Locations: Manhattan, West, Los Angeles, Maison, London, Fasano, Paris, Saint, St, Maison Hudson, Miami Beach

☆ An ultra-swimmer tried to eat as much as a tiger shark and ended up consuming 40,000 calories in a day
▼ + stars: | 2024-07-23 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Perhaps eating as much as a tiger shark is where Edgley could gain a lead in the competition. Edgley tried to fast and feed like a tiger sharkRoss Edgley before and after his fasting portion of the tiger shark test for "Shark vs. Ross Edgley." He thought for sure it put him in competition with the tiger shark. Tiger sharks can take 6-pound bitesTiger sharks give a whole new meaning to the term "bite size." Advertisement"That's what's been amazing," he said, "seeing on social media, even kids just going, 'Oh my God, he tried to eat like a tiger shark.

Persons: —, Ross Edgley, Edgley, He's, Nathalie Miles, chowing, Mike Heithaus, Heithaus, it's Organizations: Service, Business Locations: Australia, Great Britain

☆ Ether ETFs are coming. Here's how Wall Street sees the funds impacting the world's 2nd-biggest crypto
▼ + stars: | 2024-07-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Spot ether ETFs could launch as soon as July 22, reports say. Wall Street has issued a range of outlooks on how the world's second-largest cryptocurrency will move once the ETFs launch. The bank expects these funds to drive $15 billion to $45 billion worth of ether inflows in a 12-month window. Bulls derived their confidence from how bitcoin behaved after its spot ETFs launch in January. They noted bitcoin's first-mover advantage and stressed that the ether token offers functionality that wouldn't be accessible through the ETFs, thus limiting demand.

Persons: —, bitcoin, Nikolaos Panigirtzoglou, CoinDesk, Rachel Lin, Alex Kuptsikevich Organizations: Street, Service, Securities and Exchange Commission, Chartered, Bulls, JPMorgan, Citi, Steno, Reuters, Galaxy Digital, ETH, Business

☆ This couple’s hobby? Illegally scaling the world’s tallest buildings together
▼ + stars: | 2024-07-19 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +8 min

Nikolau was the first major female rooftopper and caught the eye of Beerkus, who was looking to partner for social media content. In 2022, when Beerkus and Nikolau made their plans, the “supertall” skyscraper had topped out but was still under construction. With the urban “sport” emerging as one more of the more extreme ways to get likes on social media, several harrowing deaths have followed. For “Skywalkers” the film crew followed Beerkus and Nikolau to document their stunts, but only to a point. “With any activity that’s dangerous, social media tends to disguise the difficulty,” he said.

Persons: —, Ivan Beerkus, Angela Nikolau didn’t, Beerkus, Nikolau, ”, Jeff Zimbalist, Maria Bukhonina, Skywalkers ”, It’s, ” Zimbalist, “ Angela, Zimbalist, Ivan, Angela, don’t, ’ ” Zimbalist, rooftopping, ” Nikolau, she's, Chai Vasarhelyi, Jimmy Chin, Alex Honnold, Carolina Amell, Félicité Carrel, Miriam O’Brien Organizations: CNN, Familia, Eiffel, Goldin Finance, Netflix, Sundance Film, Kuala Lumpur’s, Merdeka Locations: Paris, Kuala Lumpur, Kuala Lumpur’s Merdeka, Moscow, ”, El Capitan, Félicité

☆ Nguyen Phu Trong, Powerful Vietnamese Leader, Is Dead at 80
▼ + stars: | 2024-07-19 | by ( Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

Nguyen Phu Trong, the hard-line general secretary of Vietnam’s Communist Party who presided over his country’s economic and geopolitical transformation, and reshaped its leadership with his “blazing furnace” anticorruption campaign, died on Friday at a hospital in Hanoi. His death was announced by the official Nhan Dan newspaper, which said that Mr. Trong had died of “old age” and an unspecified serious illness. Speculation had swirled in January about Mr. Trong’s health after he skipped meetings with several foreign leaders. For 12 years, Mr. Trong sat at the apex of power in Vietnam’s Communist hierarchy. He consolidated power in one of the world’s few remaining Communist dictatorships, significantly weakening the collective form of leadership that previously characterized the country’s Communist Party.

Persons: Phu Trong, Trong, Lam Organizations: Communist Party, Nhan Dan, Mr, Communist Locations: Hanoi

☆ Stegosaurus skeleton sets auction record, selling for $44.6 million
▼ + stars: | 2024-07-18 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +2 min

CNN —A Stegosaurus skeleton has become the most valuable fossil ever sold at auction, being snapped up for $44.6 million in New York. The dinosaur fossil was sold on Wednesday to an anonymous buyer after it was sought after by seven bidders, according to Sotheby’s, the auction house handling the sale. The fossil, nicknamed “Apex,” smashed its pre-sale estimate, which was between $4 million and $6 million. Apex became the most valuable fossil ever sold at an auction, according to Sotheby's. According to Sotheby’s, it sold “Sue,” a Tyrannosaurus rex and the first ever dinosaur to be sold at auction, for $8.4 million in 1997.

Persons: ”, Jason Cooper, Sotheby’s, Steve Brusatte, ” Brusatte, ” Sotheby’s, Apex, Sue, “ Stan Organizations: CNN, Apex, Scotland’s University of Edinburgh Locations: New York, Moffat County , Colorado, U.S, America, Sotheby’s

☆ Citadel CEO Ken Griffin just broke another record by paying $45M for this dinosaur fossil
▼ + stars: | 2024-07-18 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

Read previewBillionaire Ken Griffin has a new record-breaking item for his record-breaking home. The hedge fund manager paid $44.6 million for a roughly 150 million-year-old mounted Stegosaurus skeleton, nicknamed "Apex." The purchase blew past Sotheby's estimated maximum of $6 million and shattered the previous record sale of $32 million for a Tyrannosaurus Rex skeleton in 2020. AdvertisementThe Citadel CEO, who, according to Forbes, is worth about $38 billion, isn't a stranger to record-breaking sales. In 2019, Griffin paid $238 million for a New York City penthouse, which broke the record for the most expensive home ever sold in the US.

Persons: —, Ken Griffin, Griffin, Apex, Kenneth C Organizations: Service, Business, Citadel, Forbes, New, Field Museum, Griffin, Crystal Bridges Museum of American Locations: New York City, Miami, Dade County, America

☆ Citadel's Ken Griffin buys a stegosaurus for $45 million in a record auction sale
▼ + stars: | 2024-07-18 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

People look at a virtually complete Stegosaurus fossil on display at Sotheby’s on July 10, 2024 in New York City. Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, purchased a late Jurassic stegosaurus skeleton for $44.6 million at Sotheby's on Wednesday, marking the most valuable fossil ever sold at auction. The 150 million-year-old stegosaurus named "Apex" measures 11 feet tall and nearly 27 feet long from nose to tail and it is a nearly complete skeleton with 254 fossil bone elements. Griffin won the live auction in New York on Wednesday after competing with six other bidders for 15 minutes. In 2021, he paid $43.2 million for a first-edition copy of the U.S. Constitution, outbidding a group of cryptocurrency investors.

Persons: Ken Griffin, Griffin, Apex, Sotheby's, outbidding Organizations: Billionaire, Citadel, Apex, Chicago's, Museum, Constitution, Crystal Bridges Museum of American Art Locations: New York City, New York, U.S, America, Moffat County , Colorado, Argentina, Arkansas

☆ When a cruise liner-size asteroid zips by Earth, two spacecraft may follow it
▼ + stars: | 2024-07-16 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —When a cruise liner-size asteroid comes within 19,883 miles (32,000 kilometers) of Earth on April 13, 2029, it won’t be alone. The European Space Agency has announced that its new Ramses spacecraft may accompany the asteroid Apophis before and after its safe, albeit rather close, pass of Earth. Astronomers think that an asteroid this large comes within such proximity to Earth only once every 5,000 to 10,000 years. In September 2022, NASA’s DART mission intentionally slammed a spacecraft into Dimorphos, a moonlet asteroid that orbits a larger parent asteroid known as Didymos. “The Ramses mission concept reuses much of the technology, expertise and industrial and science communities developed for the Hera mission,” said Paolo Martino, spacecraft manager for Hera who will also work on the Ramses mission, in a statement.

Persons: won’t, Ramses, Apophis, Apophis doesn’t, ”, Patrick Michel, ” Michel, Richard Moissl, NASA’s, OSIRIS, REx, “ Apophis, Hera, Paolo Martino, “ Hera Organizations: CNN, European Space Agency, NASA’s Center, Studies, ESA, NASA, System, National Centre for Scientific Research, NSF, JPL, Caltech, ESA’s Planetary Defence Office, APEX Locations: Europe, Africa, Asia, Apophis, France

☆ Fossil of an ancient shark that swam in the age of dinosaurs solves centuries-long mystery
▼ + stars: | 2024-07-15 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +8 min

Ancient relative of the great white sharkMost species of Ptychodus lived between 100 and 80 million years ago during the late Cretaceous period. Because shark skeletons are made of cartilage, they do not fossilize well, typically leaving archaeologists only teeth and few skeletal remains to find. Lamniformes also includes the modern species of megamouth, sand, goblin and basking sharks, among others. “The crushing teeth together with the gigantic size make Ptychodus a very unique shark,” Amadori said. … Modern durophagous sharks (that consume hard-shelled organisms) are demersal, feeding on or near the bottom.

Persons: ”, Eduardo Villalobos Segura, Villalobos Segura, Lamniformes, Manuel Amadori, Amadori, Michael Everhart, Louis Agassiz, Everhart, mortoni, —, ” Amadori, “, Jürgen, Bretton Kent, ” Kent Organizations: CNN, Royal Society, Biological Sciences, University of Vienna, Sternberg, Nuevo León, University of Maryland Locations: Mexico, Austria, Nuevo León, Vallecillo, Nuevo, Hays , Kansas, Ptychodus

☆ Malayan tiger teeters on ‘brink of extinction’ as spate of deaths sparks alarm
▼ + stars: | 2024-07-13 | by ( Heather Chen | ) edition.cnn.com time to read: +4 min

Against that already grim backdrop, photos and videos of a dead Malayan tiger went viral on social media in late June. It was the fourth Malayan tiger killed by a vehicle collision between November 2023 and May 2024, according to authorities. Video Ad Feedback In Thailand, these tigers are coming back with a roar 04:04 - Source: CNNEight-year planThe Malayan tiger was recognized as a subspecies in 2004. In an eight-year National Tiger Conservation Action Plan released in collaboration with non-profit groups in 2020, Malaysian officials outlined priorities such as conservation tools and a “National Physical Plan” to aid conservation efforts. CNN has reached out to official wildlife agencies for further comment about recent tiger conservation efforts.

Persons: ” Henry Chan, ” Chan, “, ”, Mark Rayan Darmaraj Organizations: CNN, Malayan, World Wildlife Fund Malaysia, Wildlife Conservation Society Malaysia, Conservation Locations: Malaysia, Kelantan, Pahang, Perak, Thailand, Bengal, South Asia, Malayan

☆ Hedge funds post mediocre first-half performance with some big names only up single digits
▼ + stars: | 2024-07-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

So far this year, hedge fund managers have failed to beat the S & P 500 , one of the cheapest, easily available investment vehicles for ordinary investors. Hedge funds returned just 5% in the first half of the year after a 0.2% loss in June, with event-driven strategies the biggest laggards, according to data firm HFR. The performance may come as a disappointment as hedge funds often tout star stock pickers and niche strategies to justify their high fees. Hedge funds typically charge a 2% management fee on the total assets under management plus a performance fee of 20% of the fund's profits. Goldman Sachs' prime brokerage data showed hedge funds have been rotating out of tech stocks, especially winning chipmakers over the past few weeks, while pouring into financial stocks and commodities.

Persons: Hedge, Morgan Stanley's, Bill Meany, Morgan Stanley, Goldman Sachs, Ken Griffin's, Bill Ackman's Pershing, Dan Loeb's, Cliff Asness, AQR Organizations: Citadel, Apex, Equity Locations: Wellington

☆ An opportunity for Ford, plus Fed head Powell speaks and Abbott faces trial
▼ + stars: | 2024-07-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

"Buying Abbott Laboratories on this weakness is still too early," Jim Cramer said. Split selling: Broadcom 's 10-for-1 stock split goes into effect July 15. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Powell, Financials, Morgan Stanley, Jerome Powell, Abbott, Stellantis, Jim, Ford, Jim Cramer's, David Paul Morris Organizations: CNBC, Nasdaq, Dow Jones, Federal, Basel III, CME Fed, Abbott Laboratories, Broadcom, Ford, Capitol, Jim Cramer's Charitable, Bloomberg, Getty Locations: Basel, Europe, Colma , California

☆ Baker: Doubt a rate cut by the Fed will come anytime before September
▼ + stars: | 2024-07-08 | 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 EmailBaker: Doubt a rate cut by the Fed will come anytime before SeptemberLee Baker, Owner and President of Apex Financial, discusses the trading day and week ahead.

Persons: Lee Baker Organizations: Fed, Apex Financial

☆ I lost my wallet. Here's what experts say I should do to protect my identity and money
▼ + stars: | 2024-07-08 | by ( Genna Contino | ) www.cnbc.com time to read: +3 min

Eventually, tired from my frantic searching, I accepted defeat and contacted the bank to lock my cards. After losing my wallet, I decided to ask a few sources what course of action I should take to protect my money and identity. I then made a list of everything that was in my wallet ... and that was the easy part. Soon after requesting a replacement debit card, Bank of America sent me a virtual one that I was able to add to my Apple wallet and use immediately. Other tips and tricks to manage a lost wallet

Persons: hadn't, I'm, Lee Baker, it's, you've, Baker Organizations: Westend61, CNBC, Metropolitan Transportation Authority, North, North Carolina DMV, Bank of America, Apex, CNBC's Locations: New York, New York City, North Carolina, Atlanta

☆ Bitcoin's slide under $58,000 could mark a bigger correction to come, analyst says
▼ + stars: | 2024-07-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The decline puts bitcoin below its 200-day moving average, which could signal a downturn, FXPro's Alex Kuptsikevich said. Investors are unloading the token as fear mounts of selling pressure from Mt. The fallout extends a three-day drop, as worries mount over impending selling pressure in the market. The decline has now pulled bitcoin below its 200-day moving average, FXPro senior market analyst Alex Kuptsikevich pointed out. But that's adding to fears over selling pressure, as clients may choose to cash their tokens for big gains.

Persons: Bitcoin, Alex Kuptsikevich, —, bitcoin, Kuptsikevich, Fundstrat's Tom Lee, Michael Novogratz Organizations: Investors, Service, Galaxy Locations: Mt, Gox, bitcoin, solana

☆ CNN anchor: ‘As long as there are sharks in the ocean, I’ll be diving in’
▼ + stars: | 2024-06-30 | by ( Boris Sanchez | ) edition.cnn.com time to read: +10 min

Yet, there are arguments that the potential problems caused by shark feeding tourism are outweighed by the benefits. When it comes to migratory patterns, the science is limited but points to shark feeding having a negligible effect on their movement. As long as there are sharks in the ocean, I’ll be diving in – hoping to cherish them in person. CNNOpponents of shark feeding will also point to several fatal accidents during shark dive tours, including one late last year. As long as there are sharks in the ocean, I’ll be diving in — hoping to cherish them in person.

Persons: Boris Sanchez, Anderson Cooper, you’re, I’m, it’s, I’ve Organizations: CNN, Central, Tiger, chum, Zoological Society, Saturn Locations: Washington , DC, Bahamas, bonito, –, Australia, —

☆ At Royal Ascot, the Hats ‘Err on the Side of Extravagance’
▼ + stars: | 2024-06-22 | by ( Vanessa Friedman | Landon Nordeman | ) www.nytimes.com time to read: +1 min

Hats may follow horses around the world, from the Kentucky Derby to the Dubai World Cup and the Hong Kong Cup, but nothing tops the … well, toppers at Ascot, founded in 1711 by Queen Anne. Perhaps it’s because of “My Fair Lady” and the extraordinary black and white lace hat Cecil Beaton created for Eliza Doolittle when she made her Ascot debut. Or maybe it’s thanks to Queen Elizabeth II, whose twin passions for horses and hats reached their apex at Ascot. “To err on the side of extravagance as opposed to modesty is a joy for everyone,” said the milliner Stephen Jones, who reported that he once made an Ascot hat out of feathers for Jasmine Guinness, the aristo-model, in the shape of a feathered pinwheel about two feet high. “There are so few rules in dressing anymore that to dress up is part of the reason for going to Ascot.

Persons: Queen Anne, ”, Cecil Beaton, Eliza Doolittle, Queen Elizabeth II, Stephen Jones, Jasmine Guinness Organizations: Royal Ascot, Kentucky Derby, Dubai, Hong Kong, Ascot Locations: Ascot

☆ ‘Stevie Van Zandt: Disciple’ review: An HBO documentary traces his life from Bruce Springsteen to ‘The Sopranos’
▼ + stars: | 2024-06-22 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —Sometimes documentaries get all they need from the subject, and in the case of “Stevie Van Zandt: Disciple,” the who’s who of musical luminaries in his orbit don’t hurt either. When Van Zandt mentions the seminal experience of seeing the Beatles on Ed Sullivan’s show, it’s almost immediately followed by an interview with Paul McCartney. Ditto for other singers that Van Zandt mentions, like Dion DiMucci, Darlene Love and Gary U.S. Bonds. James Gandolfini and Stevie Van Zandt in "The Sopranos." “Stevie Van Zandt: Disciple” premieres June 22 at 8 p.m.

Persons: Stevie Van Zandt, Steven Van Zandt’s, Bruce Springsteen’s, “, ”, ” plucks, Van Zandt’s, Springsteen, Van Zandt, Leonard Peltier, there’s, David Chase, ” Chase, Ed Sullivan’s, Paul McCartney, Ditto, Dion DiMucci, Darlene Love, Bonds, James Gandolfini, Bruce Springsteen, Tony Soprano Organizations: CNN, Gary U.S, HBO, Little, Warner Bros . Locations: New Jersey, South Africa, USA, Asbury Park

☆ The US Air Force says the military's new dogfighting AI fighter jet pilot is making 'dramatic' advances from one test to the next
▼ + stars: | 2024-06-20 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Read previewLast month, two US Air Force fighter jets battled in the skies above California in an intense dogfight. AdvertisementCol. James Valpiani, Air Force Test Pilot School commandant, provides final points of instruction to Secretary of the Air Force Frank Kendall during his visit to Edwards Air Force, California, May 2. But throughout all of this, the AI pilot, named Hivemind, has been maturing quicker than expected. The X-62 Variable In-Flight Simulator Test Aircraft (VISTA) flies in the skies over Edwards Air Force Base, California, Aug. 26, 2022. Footage from the real-world test of a dogfight between an AI-controlled fighter and a manned fighter.

Persons: —, James Valpiani, Frank, Kendall, Valpiani, Frank Kendall, It's, Ryan Tseng, Tseng, Air Force Frank Kendall, James West Tseng, Ryan Hefron, Hefron, Kyle Brasier, Giancarlo Casem Organizations: Service, US Air Force, Air Force, Defense, Research, Business, An Air Force, Air, Edwards Air Force Base, U.S . Air Force, Edwards Air Base, United States Air Force, Edwards Air Force, DOD, DARPA, Shield, Aircraft, USAF, Israel Defense Forces, DoD Locations: California, Calif, China, Gaza

☆ Home equity is near a record high. Tapping it may be tricky due to high interest rates
▼ + stars: | 2024-06-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

But tapping it may be tough due to high interest rates, according to financial advisors. Reverse mortgageA reverse mortgage is a way for older Americans to tap their home equity. A reverse mortgage is likely best for people who have much of their wealth tied up in their home, advisors said. A home equity conversion mortgage (HECM) is the most common type of reverse mortgage, according to the Consumer Financial Protection Bureau. watch nowA reverse mortgage is available as a lump sum, line of credit or monthly installment.

Persons: Selma Hepp, Hepp, Lee Baker, Atlanta . Baker, Kamila Elliott, Grace Cary, Elliott, Baker, Alexander Spatari, Cash Organizations: Getty, Apex Financial Services, Collective Wealth Partners, Consumer Financial, Bureau Locations: Cultura, Atlanta .

☆ Bitcoin ETFs aren’t winning the hearts and minds of financial advisors
▼ + stars: | 2024-05-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

In this article BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNTOmer Taha Cetin | Anadolu | Getty ImagesA major thesis around bitcoin ETFs was that financial advisors needed regulated funds like them to direct their wealthy clients to invest in bitcoin. For one, bitcoin ETFs have been hailed as the most successful ETF launches in history, with BlackRock's iShares Bitcoin Trust (IBIT) reaching $20 billion in assets under management this week, even with advisors sitting out. CNBC spoke with a dozen members of CNBC's Advisor Council, which includes Baker, to learn why so many financial planners are still down on bitcoin and bitcoin ETFs, and what could cause them to change their tune. Many hope consistent flows into bitcoin ETFs over the years can lower that volatility, but for now, it's still a deterrent for some. "Financial advisors now have a way to give clients access [to bitcoin] that's safe, reliable and regulated," said Bradley Klontz, managing principal of YMW Advisors in Boulder, Colorado.

Persons: Omer Taha Cetin, BlackRock's, I'm, Lee Baker, Baker, Ted Jenkin, —, they're, It's, it's, Bradley Klontz, Cathy Curtis, bitcoin Organizations: Anadolu, Getty, Apex Financial Services, CNBC, YMW Advisors, Partners, Curtis Financial Locations: bitcoin, Atlanta, Boulder , Colorado, Oakland , California

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