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However, the company also said it sees single-digit revenue growth for fiscal 2025. UBS reiterated a neutral rating alongside its $310 per share price target on Salesforce, or more than 3% upside ahead. Product revenue growth of 33% year over year in the fourth-quarter was also below Wall Street estimates. Murphy noted there's a disconnect between what Barrick has accomplished in the past five years and its stock price. "We see asset disposals and cost improvements as likely to reverse share price weakness as the market recognizes the strength of the asset portfolio."

Persons: Morgan Stanley, Snowflake, Jefferies, TD Cowen downgrades Macy's TD Cowen, Oliver Chen, Macy's, — Brian Evans, Brad Sills, Brian Evans, AutoNation Morgan Stanley, AutoNation, Morgan Stanley's, Mike Manley, Adam Jonas, Salesforce, Amy Weaver, Goldman Sachs, Kash Rangan, Bank of America's Brad Sills, Morgan Stanley downgrades Snowflake, Snowflake's, Frank Slootman, Keith Weiss, Matthew Murphy, Murphy, Fred Imbert Organizations: CNBC, Barrick, Mining, Bank of America, of America, TAM, Bank of America's, UBS, StreetAccount, Jefferies, Barrick Gold, Newmont, Newcrest Locations: Africa, East

☆ Wealth manager for the super-rich names 3 stocks to buy right now
▼ + stars: | 2024-02-05 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

For Kevin Teng, CEO of Wrise Wealth Management Singapore, which serves ultra-high-net-worth individuals across Asia, the Middle East and Europe, three top stocks stand out as good plays right now. Of 52 analysts covering the stock, 48 give it a buy or overweight rating at an average price of $460.37, according to FactSet data. Barrick Gold Beyond tech and energy, Teng is also bullish on gold, naming Canadian miner Barrick Gold among his top picks. Spot gold prices are up around 7.5% over the last 12 months. Shares in Barrick Gold are down over 15% over the last 12 months.

Persons: Kevin Teng, Teng, Morgan Stanley, — CNBC's Jordan Novet, Fred Imbert Organizations: Big Tech, U.S . Federal, Wrise Wealth Management Singapore, Microsoft, Google, Apple, Nvidia, Tesla, CRM, CNBC Pro, ExxonMobil, Natural Resources, Exxon, Barrick, Barrick Gold Locations: Asia, East, Europe, West Texas, New Mexico, Guyana, Zambia, Pakistan

☆ Gold could be poised for another record-setting year. This obscure part of the market may see big gains
▼ + stars: | 2024-01-26 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +7 min

Investors betting on another strong year for gold may want to look at an obscure part of the market: gold streaming and royalty companies. "The profitability of the gold companies wasn't keeping pace with the rise in the gold price." MacRury echoed this sentiment, pointing to historical context as a reason he believes gold prices could hurtle towards new highs. "Past easing cycles over the last 20+ years have corresponded with strong gold prices, and we expect to see gold set new record highs in 2024," he wrote. Shares of Royal Gold popped 7% in 2023, but are down more than 10% in the past 12 months.

Persons: Carey MacRury, Adam Rozencwajg, Canaccord's, Rozencwajg, it's, MacRury, Leigh Goehring, Osisko Organizations: Barrick, CNBC, Royal, Miners, Royal Gold, Barrick Gold, Federal Reserve, Franco, Wheaton Precious Metals Locations: Newmont, Franco, Nevada, Brazil, Russia, China, India, Panama, Wheaton, U.S

BAMAKO, Mali (AP) — An unregulated gold mine collapsed late last week in Mali, killing more than 70 people, an official said Wednesday, and a search continued amid fears that the toll could rise. Artisanal miners — small-scale, informal ones — are often accused of ignoring safety measures, especially in remote areas. Political Cartoons View All 253 Images“The state must bring order to this artisanal mining sector to avoid these kinds of accidents in the future,” Berthé said. Artisanal gold mining is estimated to produce around 30 tons of gold a year, and represents 6% of Mali’s annual gold production. The country also has an estimated 2 million gold miners operating in around 300 artisanal mining sites, Pona said.

Persons: Karim Berthé, Abdoulaye Pona, ” Berthé, “, Pona Organizations: and Mining Directorate, Associated Press, Mali Chamber of Mines, Mines, International Trade Administration, U.S . Department of Commerce, of Mines Locations: BAMAKO, Mali, Kangaba district, Koulikoro, Africa’s, Bamako, “

☆ More Than 40 Killed in Artisanal Mine Collapse in Southwest Mali - Mines Ministry
▼ + stars: | 2024-01-24 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

BAMAKO (Reuters) - More than 40 artisanal gold miners were killed in southwest Mali last week after the shaft they were working in collapsed, Mali's mines ministry said on Wednesday. Deadly accidents are frequent as artisanal miners often use old-fashioned and unregulated methods of digging. The incident in Mali occurred on Friday on a site in the Kangaba Cercle in the south-western Koulikoro Region, the mines ministry said in a statement on Tuesday that did not specify the number of deaths. A spokesperson for the ministry, Baye Coulibaly, said via telephone on Wednesday that the death toll was still provisional. According to mines ministry data, an estimated six tonnes of gold was produced in artisanal mines in Mali in 2023.

Persons: Baye Coulibaly, Coulibaly, Tiemoko Diallo, Anait Miridzhanian, Sofia Christensen, Alex Richardson Locations: BAMAKO, Mali, West Africa, Kangaba, Koulikoro Region

☆ The 2023 stock winners investors should let ride, sell or hedge in the new year
▼ + stars: | 2024-01-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +9 min

Let 'em ride: Several of 2023's best-performing stocks were grossly undervalued at the beginning of the year. So while investors recognized the company could deliver massive earnings and free cash flow, they were afraid Zuckerberg had gone off the reservation. The stock sports topline growth, substantial margins, a strong balance sheet, substantial free cash flow, and a moat around its business. It's time to hedge some of those gains (or take profits): The second best-performing stock in the Russell 1000 for 2023 is Coinbase (COIN) . If you own, but don't want to sell, consider purchasing the March $45/$35 put spread as a particle hedge, as illustrated below.

Persons: David Ricardo, Ricardo, Mark Zuckerberg, Zuckerberg, doesn't, Russell, cryptocurrencies, aren't, Equifax Organizations: Russell, Vertiv, Builders, Topbuild Corp, Nvidia, Investors, MU, Walmart, Visa, Mastercard, Paypal, Experian, PayPal, Palantir Technologies, Government Locations: uptrends

☆ Peru's deadly gold mine attack highlights growing security risk, costs
▼ + stars: | 2023-12-04 | by ( Marco Aquino | ) www.reuters.com time to read: +4 min

The attack has highlighted a growing risk for miners in the Andean nation, the world's no. "Security is now one of the main costs," Poderosa corporate affairs manager Pablo de la Flor told Reuters after the attack. Thousands of trucks of illegal gold were taken out, it said. "There is a black market for minerals," said Gustavo Ramirez, who studies illegal mining for SNMPE. Illegal miners are estimated to produce around another 30 tons.

Persons: Cristobal Bouroncle, Rights LIMA, Pablo de la Flor, De la Flor, Saturday's, la Flor, Poderosa, Gustavo Ramirez, Marco Aquino, Alexander Villegas, Marguerita Choy Organizations: Rights, Reuters, National Society of Mining, Petroleum, Energy, Peru's Ministry of Energy, Mining, Ministry of Energy, Mines, Thomson Locations: Madre de Dios , Peru, Peru, Pataz, India, Switzerland, Canada, Bolivia

☆ Here's where to invest $250,000 for the next 5 years
▼ + stars: | 2023-12-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

CNBC Pro spoke to financial advisors and investment experts to find out how they would allocate $250,000 over the next five years. Preferred Stocks: Preferred stocks have attractive yields and are depressed after two years of weak stock and bond markets — and so are set to gain if the stock market recovers, Hatfield said. Preferred stocks have characteristics of both stocks and bonds — they trade on exchanges like stocks but they have a face value and pay dividends like bonds. They are also like bonds in that when the value of the preferred stock goes down, yields rise. $30,000 to investment grade bonds: This is a conservative investment that will benefit if long-term rates rally, he said.

Persons: Jay Hatfield, Hatfield, Microsoft —, Paul Gambles, James McManus, McManus, — CNBC's Michael Bloom Organizations: CNBC, Infrastructure Capital Advisors, U.S . Preferred, Nasdaq, Nvidia, Microsoft, U.S . Federal Reserve, Family, JPMorgan Locations: U.S, Hatfield, Asia, Pacific, Europe

☆ Not a big ticket: Public stays away in droves as Donald Trump Jr. kicks off defense case at NY fraud trial
▼ + stars: | 2023-11-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Donald Trump, Jr. testified again in the NY fraud trial Monday – this time as a defense witness. Just four members of the public queued up to watch Donald Trump's namesake son testify as the first defense witness. AdvertisementAdvertisementDonald Trump, Jr. was in court Monday as his father's cheerleader-in-chief. When the judge told him, "Welcome back," Donald Trump, Jr. answered with a joke. "It was spectacular for quite some time," Donald Trump, Jr., said of Wollman Rink in Central Park, which the Trump Organization operated for the city from 1986 to 2021.

Persons: Donald Trump , Jr, —, Donald Trump's, Ralph Baker, Eric Trump, Letitia James, Trump, Clifford Robert, Colleen Faherty, Andrew Amer, Wollman Organizations: Service, Trump Organization, Yukon, Trump, Wollman Rink, Federal Reserve Locations: New York, Manhattan's, Klondike, Central Park, New York's Westchester County, New York City

☆ Retail investors in Russia are powering an IPO hot streak that's drawing vodka makers and pawnshops to go public
▼ + stars: | 2023-11-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Russia's stock market is seeing a streak of IPOs. AdvertisementAdvertisementThe Russian IPO market is seeing a streak of firms go public, with vodka makers to gold miners to pawnshop operators selling shares for the first time. Most of the boom in the Russian stock market is being powered by retail traders, who have plowed cash into the Moscow Exchange. AdvertisementAdvertisementThat's incentivized all types of firms to make their public market debut. Western economists have cast doubt over the strength of Russia's stock market, given that foreign inflows and outflows within the Moscow Exchange are frozen.

Persons: —, Yahuralzoloto Organizations: Moscow Exchange, Bloomberg, Service, Retail, Yale Locations: Moscow, Russian, Ukraine, Kaluga, Kristal

☆ Final Trade: Cisco, Nvidia, Microsoft, Gold Miners ETF
▼ + stars: | 2023-11-10 | 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 EmailFinal Trade: Cisco, Nvidia, Microsoft, Gold Miners ETFThe final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.

Persons: CNBC’s Melissa Lee Organizations: Cisco, Nvidia, Microsoft, Gold Miners, Fast Money

☆ Gold mining ETFs fail to keep pace with benchmark bullion fund
▼ + stars: | 2023-11-07 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +3 min

The SPDR Gold Shares ETF (GLD.P), which tracks the price of gold, has rallied 9.82% this year, driven by concerns about inflation and economic growth as well as geopolitical turbulence. Yet those gains have not been reflected in the share prices of gold miners: the iShares MSCI Global Gold Miners ETF (RING.O) and the VanEck Gold Miners ETF (GDX.AX), which track the shares of gold producers, are up only 2.28% and 1.7% respectively. "Gold prices can only help so much, if you can't produce the gold in the first place," said Islam. Even Barrick Gold, which reported a 3% gain in gold production in the third quarter, said overall output in 2023 won't meet expectations. "Investors seem very wary of stocks as a whole, and gold miners have been tracking that rather than what's happening in gold itself," said Casanova.

Persons: Shannon Stapleton, Imaru Casanova, Casanova, Roxanna Islam, George Milling, Stanley, Suzanne McGee, Ira Iosebashvili Organizations: United States West Point Mint, REUTERS, Gold Miners, World Gold, Gold, Newmont Corp, State Street Global Advisors, Barrick, Thomson Locations: West Point , New York, Mexico

☆ China firm launches stock indices to tap into rush for safe-haven gold
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

A man cuts open the bag after he bought 50 gram gold bars as an investment in Beijing, China, August 5, 2019. The new indexes (.CSI931493), (.CSI931413), launched by the China Securities Index Co, include shares of global gold miners such as Newmont Corporation (NEM.N) and Barrick Gold . "Gold is the brightest asset at the moment... promising much better returns than Chinese property or the broad stock market," said Shihua Duan, general manager of Shanghai Changer Invest. China Asset Management Co and Maxwealth Fund Management Co last month launched China's first exchange-traded funds (ETFs) (517520.SS) that invest in gold stocks. "Buying the gold bar is the safest among so many investment choices," said gold investor Jack Liu, who spent 230,000 yuan ($31,425) on a gold bar in September.

Persons: Jason Lee, Shihua Duan, Jack Liu, Jason Xue, Samuel Shen, Miral Organizations: REUTERS, Rights, China Securities Index, Newmont Corporation, Barrick, Miners, Invest, China Asset Management, Maxwealth Fund Management Co, Beijing, Thomson Locations: Beijing, China, Shanghai, Ukraine, Summer, Hong Kong

“There aren’t that many Russian Orthodox followers (anymore), but it’s part of our heritage and we do want to see it preserved." The Russian Orthodox church was established in Alaska on Kodiak Island in 1794 and missionaries spread the faith, baptizing an estimated 18,000 Alaska Natives. Experts estimate about 80 historic Orthodox churches exist across Alaska, but weather and time are taking a toll, making restoration efforts even more critical. Deacon Thomas Rivas, the episcopal secretary to the Alaska Orthodox bishop. “However, its primary function is sacred and that’s important to all of us, even those of us that are not Russian Orthodox.”

Persons: Romanov, Nicholas Church, ”, Charlene Shaginaw, “, Aaron Leggett, Peter the Great, Vitus Bering, Bering, baptizing, Richard Nixon, Deacon Thomas Rivas, Leggett, Gina Ondola, Rivas, Romanov czars, Jobe Bernier Organizations: Alaska Natives, National Park Service, Church, National Register of Historic Places, Mission Society Locations: EKLUTNA, Alaska, Alaska's, Anchorage, Eklutna, Eklutna’s, Russian, Danish, Russia, Unalaska, United States, U.S, Kodiak, Kenai, Sitka, ”, Cook, St, Siberia

☆ Zimbabwe: At least 10 dead in gold mine collapse as rescue efforts continue
▼ + stars: | 2023-10-03 | by ( Nimi Princewill | ) edition.cnn.com time to read: +1 min

CNN —Rescue teams in Zimbabwe are continuing the search for survivors, three days after a disused gold mine in the country’s Chegutu district collapsed, killing at least 10 illegal miners. The mine, which is located in Zimbabwe’s Mashonaland West province, sits 62 miles west of the Zimbabwean capital, Harare. Artisanal mining is common in Zimbabwe, which is rich in vast deposits of gold and diamonds. Accidents at illegal mining sites are also common in the southern African country. In 2019, the bodies of about two dozen illegal gold miners were pulled out from a flooded mine in a rural settlement in the Mashonaland West province.

Persons: Marian Chombo, Constantino Chiwenga, Chiwenga, ” Chombo, Chombo, Stringer Organizations: CNN — Rescue, AP Locations: Zimbabwe, Chegutu, Zimbabwe’s Mashonaland West province, Harare, Mashonaland West province

☆ Brazil's Lula Legalizes More Indigenous Reservations in Amazon
▼ + stars: | 2023-09-05 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Anthony BoadleBRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva on Tuesday officially recognized two Indigenous territories, granting them legal protection as reservations to defend against invasions by illegal loggers, gold miners and cattle ranchers. Environmentalists say Indigenous groups are the best guardians of the rainforest and deforestation data shows that the forests on their reservations are the best conserved. Lula, who pledged to legalize the greatest number of reservations possible, has so far signed decrees recognizing eight Indigenous territories since taking office in January. The Supreme Court, however, is expected rule that the cut-off date for claiming ancestral lands that were not lived on in 1988 is unconstitutional for denying recognized Indigenous rights. The reservations legalized by Lula on Tuesday are the Acapuri de Cima and the Rio Gregorio Indigenous territories in the states of Amazonas and Acre, respectively.

Persons: Anthony Boadle BRASILIA, Luiz Inacio Lula da Silva, Lula, Cima, Sonia Guajajara, Guajajara, Anthony Boadle, Sandra Maler Organizations: Reuters, Rio, Indigenous Peoples Locations: Brazil, Rio Gregorio, Amazonas, Acre

☆ Deforestation in Brazil's Amazon falls 66% in August
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +3 min

In the first eight months of the year, INPE's figures showed, deforestation has fallen a cumulative 48% from the same period of 2022. Brazil last month hosted a major rainforest summit, where eight Amazon nations agreed to a list of unified environmental policies and measures to bolster regional cooperation but failed to agree on a common goal for ending deforestation. "We are experiencing a new moment, with more assertive policies and greater political will in favor of the Amazon," WWF-Brasil's director, Mariana Napolitano, said. But more is still needed, including traceability and transparency in the trade of livestock, gold and other commodities, she added. Reporting by Gabriel Araujo and Peter Frontini; editing by Jonathan Oatis and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Kelly, Marina Silva, INPE, Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Bolsonaro, Mariana Napolitano, Gabriel Araujo, Peter Frontini, Jonathan Oatis, Sandra Maler Organizations: REUTERS, Environment Ministry, Thomson Locations: Uruara, Para, Brazil

[1/2] Brazil's Environment Minister Marina Silva meets Davi Kopenawa, chief of the Yanomami, after a ceremony to commemorate Amazon Day, at the Planalto Palace in Brasilia, Brazil, September 5, 2023. Environmentalists say Indigenous groups are the best guardians of the rainforest and deforestation data shows that the forests on their reservations are the best conserved. Lula, who pledged to legalize the greatest number of reservations possible, has so far signed decrees recognizing eight Indigenous territories since taking office in January. The Supreme Court, however, is expected rule that the cut-off date for claiming ancestral lands that were not lived on in 1988 is unconstitutional for denying recognized Indigenous rights. The reservations legalized by Lula on Tuesday are the Acapuri de Cima and the Rio Gregorio Indigenous territories in the states of Amazonas and Acre, respectively.

Persons: Marina Silva, Davi Kopenawa, Ueslei Marcelino, Luiz Inacio Lula da Silva, Lula, Cima, Sonia Guajajara, Guajajara, Anthony Boadle, Sandra Maler Organizations: Amazon, REUTERS, Rights, Rio, Indigenous Peoples, Thomson Locations: Brasilia, Brazil, Rights BRASILIA, Rio Gregorio, Amazonas, Acre

Brazilian indigenous peoples gather as the Supreme Court on weighing the constitutionality of laws to limit the ability of Indigenous peoples to win protected status for ancestral lands, in Brasilia, Brazil August 30, 2023. REUTERS/Adriano Machado/File Photo Acquire Licensing RightsBRASILIA, Aug 31 (Reuters) - Brazil's Supreme Court is expected to rule next week against attempts by the country's powerful farm lobby to limit land claims by Indigenous peoples to areas they occupied before 1988. Lawyers and Indigenous rights advocates believe a majority of the nine-member court will vote by Wednesday to reject the date restriction on the grounds it is unconstitutional. Congress has pushed ahead with bills allowing Indigenous reservations only on land that was occupied by native communities when Brazil passed its Constitution in 1988. Indigenous leaders say the Supreme Court decision is vital for the resolution of some 300 pending land recognition claims that would protect their communities from land-grabbers and invasions by illegal loggers and wildcat gold miners.

Persons: Adriano Machado, Juliana de Paula, Cristiano Zanin, Zanin, Anthony Boadle, Cynthia Osterman, Simon Cameron, Moore Organizations: REUTERS, Rights, Environmental, ISA, Thomson Locations: Brasilia, Brazil, Rights BRASILIA, Santa Catarina

☆ All That Glitters: A Fresh Look at the California Gold Rush
▼ + stars: | 2023-08-31 | by ( W. M. Akers | ) www.nytimes.com time to read: +1 min

FORTUNE’S FRENZY: A California Gold Rush Odyssey, by Eilene LyonHow do we remember the forty-niners? The hundreds of thousands of gold miners who flooded California, displaced Indigenous people, remade the landscape and laid the ground for statehood? Perhaps we picture a grizzled prospector panning for gold, broke and desperate, praying for the mother lode. Whatever we imagine, according to a new book by Eilene Lyon, the reality was much worse. “Fortune’s Frenzy” traces the path of Henry Jenkins, an Indiana farmer who left for California in 1851.

Persons: Eilene Lyon, Henry Jenkins, Jenkins, Lyon, “, Susannah, ”, merriment ” Organizations: California, Rush Locations: California, Indiana, New Orleans, Panama, San Francisco

[1/5] Brazil's indigenous chief Raoni Metuktire poses for a photo during an interview before a summit of Amazon rainforest nations at the Igarape Park, in Belem, Para state, Brazil August 5, 2023. "I will ask the presidents to commit to guaranteeing the preservation of the forest," he told Reuters. Raoni, an unmistakable figure with his large lip plate and yellow feather headdress, is a chief of the Kayapo people, an Indigenous group that lives along the Xingu River where savannah plains meet the Amazon rainforest. "The deforestation of the Amazon's forests is not good for us Indigenous peoples, and white man needs to rethink and preserve what remains of the Amazon," he warned. Reporting by Leonardo Benassatto and Ueslei Marcelino; Writing by Anthony Boadle; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Raoni Metuktire, Ueslei Marcelino, Raoni, Luiz Inacio Lula da Silva, Sting, Leonardo Benassatto, Anthony Boadle, Jonathan Oatis Organizations: REUTERS, Ueslei, Reuters, Brazilian Congress, Amazon Cooperation Treaty Organization, Thomson Locations: Belem , Para, Brazil, Ueslei Marcelino BELEM, Belem, U.S, France

☆ Microsoft could soar 22% and will top a $3 trillion valuation as it's best positioned to monetize generative AI, Morgan Stanley says
▼ + stars: | 2023-07-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Microsoft stock is poised to top a $3 trillion valuation in early 2024 as it is best positioned to monetize generative AI, according to Morgan Stanley. "Microsoft likely emerges as an early 'Picks and Shovels' beneficiary" of generative AI, Morgan Stanley said. The bank called Microsoft stock a "Top Pick" and said it has 22% upside potential from current levels thanks to its "pole position" in the generative AI race that should help it quickly monetize the growing trend. And investors should see the impact of AI on Microsoft's financials sooner rather than later as increased datasets flow into bigger revenues for Microsoft's Azure cloud service. And although Microsoft's stock is up about 40% year-to-date, its valuation isn't stretched based on historical averages, "despite the unrivaled Generative AI positioning," Weiss concluded.

Persons: Morgan Stanley, —, Morgan Stanley's Keith Weiss, Weiss Organizations: Microsoft, Service, Apple, OpenAI Locations: OpenAI

Morgan Stanley raised its Microsoft stock outlook to the highest on Wall Street, implying the company once famous for Windows software will climb above a market value of $3 trillion because of artificial intelligence. The generative AI boom has already helped propel Microsoft's stock by almost 41% year to date — and Morgan Stanley's new price target implies it will climb another 23% over the next 12 months. Weiss raised his price target on Microsoft by 24%, to $415 from $335. Morgan Stanley called Microsoft its top pick among large-cap software stocks on account of the company's strong positioning in the generative AI boom. MSFT YTD mountain Microsoft stock Weiss said Microsoft has taken a "leading position" providing the "picks and shovels" of the AI boom — large language models, data management and other technologies.

Persons: Morgan Stanley, —, Morgan, Keith Weiss, Weiss, FactSet, — CNBC's Michael Bloom Organizations: Microsoft, Windows, Software, OpenAI

☆ Here's what to buy — and avoid — after the U.S. debt ceiling deal, according to analysts
▼ + stars: | 2023-06-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The debt ceiling crisis is over now that the bill has been signed , but investors still need to navigate the aftermath. There are opportunities — but also potential minefields to avoid — after the debt ceiling is lifted, such as an influx of Treasurys, according to some analysts. Citi, meanwhile, said that opportunities could emerge in non-U.S. debt — especially higher-yielding, investment-grade emerging market bonds. U.S. banks However, Citi analysts also cautioned that there is the potential for higher Treasury yields to siphon deposits away from the weaker U.S. banks. However, the bank said they could recover once regional bank shares do better on the back of stabilizing economic conditions.

Persons: Paul Gambles, it's, Gambles, we're Organizations: U.S . Federal Reserve, Treasury Department, Treasuries, Treasurys, Treasury, Citi, CNBC Locations: U.S

☆ Brazil's Lula cuts losses after setbacks on environment and Indigenous front
▼ + stars: | 2023-05-31 | by ( Maria Carolina Marcello | ) www.reuters.com time to read: +3 min

On Wednesday, the minority Lula government faces another key vote in the chamber that will reduce the powers of the ministries of the environment and of Indigenous affairs. Lula called an emergency cabinet meeting to discuss the dilemma, and called the speaker of the lower house, Arthur Lira, whom he plans to meet as well, to ensure the measure passes. INDIGENOUS ENVIRONMENTAL SETBACKThe law passed on Tuesday would set a cut-off date for recognizing Indigenous land claims, establishing that they had to be occupied before Brazil's current Constitution was enacted in 1988. Brazil's 1 million Indigenous peoples are guaranteed by the Constitution the right to live on ancestral lands. After the bill passed, the minister of Indigenous peoples, Sonia Guajajara, said that the deputies who backed it would be "responsible for approving a bill that explicitly attacks the lives of Indigenous peoples in Brazil."

Persons: Luiz Inacio Lula da Silva, Lula, Arthur Lira, Jair Bolsonaro, Bolsonaro, Sonia Guajajara, Lisandra Paraguassu, Ricardo Brito, Maria Carolina Marcello, Anthony Boadle, Matthew Lewis Organizations: Lawmakers, Liberal Party, Thomson Locations: BRASILIA, Congress, Sao Paulo, Brazil's, Brazil, Brasilia

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