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☆ Bank of England drags Bagehot into the shadows
▼ + stars: | 2023-12-01 | by ( Liam Proud | ) www.reuters.com time to read: +8 min

That is no longer tenable, in part because of reforms to bank regulation that shifted activity from traditional lenders to financial market players. These days, the institutions in need of urgent liquidity are just as likely to be pension funds, insurers or hedge funds. The British central bank’s initial ideas make sense, but only solve part of the problem. The central bank can short-circuit the panic by opening the credit taps. Central banks are only just starting to grapple with what it means to be a lender of last resort in that context.

Persons: Walter Bagehot’s, Andrew Hauser, BoE, WALTER, Gurney, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, Bank of England, Reuters Graphics Reuters, U.S, Treasury, Federal Reserve, Pensions, . Treasury, Citadel, Millennium Management, City of, U.S . Federal, Gurney & Company, Victorian, Thomson Locations: British, City, City of London, Basel, Overend, Lombard

☆ Goldman says 2024 will be ‘the year of the bond.’ Here's how it says to invest
▼ + stars: | 2023-12-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

There's good news for fixed-income investors heading into next year, according to Goldman Sachs Asset Management. After a dismal 2023, next year will be "the year of the bond," predicted Lindsay Rosner, head of multisector fixed income investing at the money manager. "Fixed income is a great place to be," she said in an interview with CNBC. The investment firm recently released its outlook for 2024 and called the recent run of negative fixed income returns in response to "an inflation and policy shock" an anomaly and not the trend. "Given [that] duration can be your friend again, things are lining up to put you in a really good position in fixed income."

Persons: Lindsay Rosner, TINA, TARA, Goldman, Rosner, Michael Bloom Organizations: Goldman Sachs Asset Management, CNBC, Federal Reserve, Treasury

☆ Here's why we're not worried about Starbucks shares sliding below $100 each
▼ + stars: | 2023-12-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

There was weakness in shares of Starbucks (SBUX) with shares 0.5% lower in late day trading Friday hitting below the $100 mark. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, It's, Morgan Stanley, Wells, Powell, it's, Foot Locker, Marvell, didn't, Jim Cramer's, Jim Organizations: CNBC, Starbucks, North, Broadcom, Cisco, VMware, Jim Cramer's Charitable Locations: Atlanta, China, North America

☆ Cash versus bonds? Pros weigh what to buy for the next 2 years and beyond
▼ + stars: | 2023-11-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

That's quite similar to what investors can get on government bonds, while high-quality corporate bonds yield more nearly 6.5% in the U.S. and U.K., and 4.6% in Europe. Here's what the pros say on how to invest within the fixed income space — cash or bonds — in the next two years and beyond. Schroders' Head of Strategic Research Duncan Lamont also stated his preference for bonds, saying that putting your money in cash means being exposed to interest rate fluctuations. And those rates are higher than cash — at 6.2% for corporate bonds with an average maturity of three years, and 6.5% on high-quality U.S. corporate bonds with an average tenure of 10 years, noted Lamont. "Fixed income is experiencing greater inflows than equities in the US and the same trend relative to cash in Europe.

Persons: Schroders, Luis D, Alvarado, Duncan Lamont, Lamont, Ashish Shah Organizations: Wells, Wells Fargo Investment Institute, Fed, CNBC Pro, Strategic, U.S . Federal, Goldman, Management, Goldman Sachs Asset Management Locations: U.S, Europe, Wells Fargo

☆ Inside the chaotic Thanksgiving-weekend collapse of homebuilder startup Veev that left employees shocked and worried about their jobs
▼ + stars: | 2023-11-30 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

But for workers of Lennar-backed homebuilder Veev, they were spent scrambling to determine if they would still have jobs come Monday. Speaking to the "Veev Family," he wrote: "Family will stay in touch and together forever, even if it is going to be only within our hearts." The company has about 250 employees, according to news site Calcalist. "We call it the Veev family," Haller said. On a very personal note, for me Amit Haller, Veev was my personal journey in the past 15 years, half of my professional career and about ⅓ of my entire life.

Persons: Amit Haller, Veev, Haller, doesn't, we're, homebuilder, Kleiner Perkins, Bond, Lennar, Linda Keala, Ami, Amit Organizations: Business, Dragonfly, Wall, Center, Real Estate, Technology Innovation, Employees, Dafna Locations: California, Tel Aviv, Hayward , California, Haller, Reali, @nicollsanddimes, .

☆ Price hikes and spending cooled last month, Fed’s preferred inflation gauge shows
▼ + stars: | 2023-11-30 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

The core PCE price index is at its lowest annual rate since April 2021, marking another step toward the Fed’s target of 2% inflation. When including gas and food prices, the overall PCE index was unchanged last month. Consumer expenditures increased 0.2% last month, a marked pullback from the 0.7% jump seen in September. When taking out inflation, however, the 0.2% real spending in October was down only slightly from September’s 0.3% gain. Holiday uncertaintyThe spending patterns last month align with the ongoing trend of people spending their money more on experiences.

Persons: Bharat Ramamurti, Kayla Bruun, Jill Renslow, Bruun, ” Ramamurti, ” Organizations: Minneapolis CNN, The Commerce Department, Federal Reserve, PCE, National Economic Council, CNN, Consumers, Morning, of, National Retail Federation Locations: Minneapolis, of America, Bloomington , Minnesota

In 2019, a non-governmental organization set up the camp's health post where Aliyu's ninth child, Hauwa, was delivered in 2021. "There are no special arrangements for pregnant women in IDP and refugee camps [in Nigeria]. But for most of the 64 women recorded in the camp's birth register this year, these costs are prohibitive. Nigeria's Federal Ministry of Health oversees health for the country (including provisions provided by the Commission). He tells CNN: "Women's Health services were prioritized and featured strongly in the programs designed to the needs of internally displaced women."

Persons: Aisha Aliyu, Abba, Aliyu, Aisha, Liyatu Ayuba, Ayuba, Fatima Mahmood Jibirilla, Isa Umar, Umar, they've, doesn't, Dr Charles Nzelu, Dolapo Fasawe, Fasawe, Nzelu, Iko Ibanga, Osagie, Ehanire, Ibanga Organizations: CNN, Walden University, Camp, Camp Management, Aliyu, Nigeria's Federal Ministry of Health, Commission for Refugees, Migrants, Commission, antenatal, Capital Territory, Territory's, Environmental Services, FCT Health Services, Federal Ministry of Health, Ministry, Pro Health, Federal Capital Territory, Health, Pro Health International, Union, National Primary Health Care Development Agency, Ministry of Health, National Assembly Locations: Abuja, Nigeria, Nigeria's, Wala, Borno State, Maiduguri, Haram, Durumi, Africa, Nigerian, Borno, Adamawa

☆ Market vulnerabilities and a possible U.S. recession: Strategists give their cautious predictions for 2024
▼ + stars: | 2023-11-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The market is now largely pricing a peak at the current Fed funds target range of 5.25-5.5%, with interest rate cuts to come next year. watch now"At the outer edges of the economy there is obvious stress that is likely to spread in 2024 with rates at these levels. So it's easy to see how bad levered investments could have been made that would be vulnerable to this higher rate regime." Recession risk 'delayed rather than diminished' In a roundtable event on Tuesday, JPMorgan Asset Management strategists echoed this note of caution, claiming that the risk of a U.S. recession was "delayed rather than diminished" as the impact of higher rates feeds through into the economy. "I think the the key conclusion here is that interest rates do still bite, it's just taking longer this time around," she said.

Persons: Victor J, Jim Reid, David Folkerts, Landau, Reid, Folkerts, GSAM, Karen Ward, it's Organizations: New York Stock Exchange, Blue, Bloomberg, Getty, Monetary, Federal Reserve, Deutsche Bank, Global Economics, Research, Silicon Valley Bank, Goldman Sachs Asset Management, European Central Bank, Fed, ECB, JPMorgan, Management Locations: New York, Washington, U.S, Canada, Brazil, Chile, Hungary, Mexico, Peru, Poland

☆ Scott Shleifer steered billions into startups for Tiger Global. With his reign now over, the industry wonders what's next.
▼ + stars: | 2023-11-29 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

Few investors are more emblematic of the no-interest-rate private market frenzy than billionaire Scott Shleifer. Tiger's venture approach in 2020 and 2021 — constantly described as unsustainable by rivals — included maneuvers such as offering start-ups more money than they were asking and emailing founders term sheets after a single meeting. Shleifer's reputation and personal wealth grew with Tiger's venture success. As Tiger was fundraising late last year, investors learned of a $10 million settlement Tiger Global made to a former female employee. At least one Tiger investor was surprised to hear about it from Coleman and not Shleifer himself.

Persons: Scott Shleifer, —, Chase Coleman, Donald Trump's, Michael Gross, Tiger, Bain, John Curtius, Shleifer, Eric Lane, Evan Feinberg, Griffin Schroeder, Coleman, Sarah Samuels, Samuels, Scott, OpenAI's, Sam Altman's, Altman, Paul Graham Organizations: longtime Tiger Global, Business, Tiger, Walmart, The, Washington Post Locations: Florida, India, Flipkart, New York

☆ Small-Cap Stocks: How to Pick Winners, 3 That Top-5% Fund Manager Owns
▼ + stars: | 2023-11-29 | by ( Mark Reeth | ) www.businessinsider.com time to read: +6 min

Sauerbronn, a director at Brandes Investment Partners, has co-managed the Brandes Small Cap Value Fund for the last five years. Sauerbronn did note that ideally, he'd hold stocks for longer, and in fact there are some stocks in the fund that have been there for 10 years or more. 3 favorite stocks right nowAmong the holdings in Sauerbronn's fund, industrials stand head and shoulders above the rest. But Sauerbronn has focused on positioning the fund defensively, homing in on stocks with strong balance sheets in an industry that has grown used to easy money. As the name implies, the company manufactures composite materials for companies across the aerospace market, from drones to jet engines.

Persons: Luiz Sauerbronn, Sauerbronn, Patience, It's, Barber Nichols, tanking, Max Organizations: Brandes Investment Partners, Value Fund, Business, Graham Corp, US Navy, Navy, Aerospace, Park Aerospace, Airbus, Boeing, Moog Inc Locations: —

As technology titans jockey to back hot new startups, they are extracting explicit or implicit promises of revenue in return. loadingMicrosoft’s injection of $10 billion into OpenAI in January helped kick off the craze. As part of their deal, the ChatGPT operator agreed to exclusively use its new investor’s cloud computing services. Much of the invested capital should be returned relatively quickly as AI firms buy back-end services. Nvidia (NVDA.O) has at least 80% and as much as 95% of the AI market, according to estimates by analysts.

Persons: Sam Altman, Satya Nadella, OpenAI, Optimists, cynics, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav, Streisand Neto Organizations: Reuters, Microsoft, Financial Times, Apple, Nasdaq, Big Tech, OpenAI, Wall Street, Google, Reuters Graphics Reuters, Cisco Systems, Lucent Technologies, Nortel Technologies, Company, Global, Telecom, Nortel, Network, Nvidia, Thomson Locations: OpenAI, Silicon Valley

☆ Current policy rate lets Fed be 'nimble' with incoming data, Mester says
▼ + stars: | 2023-11-29 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Loretta Mester, president of the Federal Reserve Bank of Cleveland, speaks during an interview in Manhattan, New York, U.S., August 15, 2017. The central bank's rate policy will need to be "nimble" and "I believe the current level of the (federal) funds rate positions us well to do that." Mester, who will retire from the regional Fed bank next June, spoke two weeks ahead of the Fed's Dec. 12-13 policy meeting. That gathering is widely expected to result in no change in the current 5.25%-5.50% policy rate range. She noted that Fed rate hikes have tightened financial conditions and moderated demand at a time when supply chains have been healing.

Persons: Loretta Mester, Shannon Stapleton, Mester, Mester's, Michael S, Paul Simao Organizations: Federal Reserve Bank of Cleveland, REUTERS, Cleveland Federal, Fed, Financial, FOMC, Thomson Locations: Manhattan , New York, U.S, Chicago

☆ Donkey Cart Ride Shows Scale of Destruction in Gaza's Khan Younis
▼ + stars: | 2023-11-29 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

Unfortunately it takes us three to four hours to reach Khan Younis," said Najar, speaking on the back of the cart. The slower pace gives a clear view of a city scarred by war, with the white donkey trotting past one scene of destruction after another. The destruction in Khan Younis in the south is not as extreme as in Gaza City and other parts of northern Gaza that have borne the brunt of Israel's military campaign. Vowing to destroy Hamas, Israel launched an assault on Gaza that has killed more than 15,000 people, four in ten of them children, according to health officials there. "They didn't leave a tree or a stone," he said, appealing to God to bring the war to an end.

Persons: Bassam Masoud, Fadi Shana KHAN YOUNIS, Khan Younis, Mohammed al Najar, Estelle Shirbon, Janet Lawrence Organizations: Reuters, World Health Organization Locations: Gaza, Khan, Khuza'a, Gaza City, rampaged, Israel

Cheney writes most members knew “it was a farce” and “another public display of fealty to Donald Trump.”“Among them was Republican Congressman Mark Green of Tennessee,” Cheney writes. “Leader McConnell, who had made a career out of savvy political calculation and behind-the-scenes maneuvering, got this one wrong,” Cheney writes. In the book, Cheney also condemns right-wing media for amplifying the disinformation coming from Trump and his allies. “Several months later, I heard the show had been in the final stages of production when it was shut down,” Cheney writes. Cheney writes that Pelosi’s team “pulled together a list of the 10 worst things I had ever said about her.

Persons: Washington CNN —, Liz Cheney, “ enablers, ”, Donald Trump, Cheney, ” Cheney, Kevin McCarthy, Trump, he’d, Mike Johnson, “, Liz Cheney's, Brown, hypocrites –, Steven Cheung, ‘, Jesus, McCarthy, ” McCarthy, “ McCarthy, Jim Jordan, ” Jordan, Jordan, Russell Dye, Johnson, “ Johnson, ’ ”, Mark Green of, Green, sheepishly, ’, ’ Cheney, craven, fundraise, Kevin, “ They’re, Jerry Maguire, Tom Cruise, Renée Zellweger, it’s, Mike Pence, Pence, Paul Ryan, Ryan, Cheney’s, Dick Cheney, Liz Cheneys, cautioning, ’ ” Cheney, Roberto Schmidt, Hakeem Jeffries, George W . Bush, “ Liz, Courage, I’m, Nancy Pelosi, Liz ’, ruefully, Trump –, Mike Kelly, “ She’s, Mike Turner, Liz, Drew Angerer, Ronald Reagan, Reagan, George W, Bush, McConnell, Mitch McConnell, ” McConnell, Fox, Tucker Carlson, Pelosi, “ Trump, Jan, CNN’s Kristen Holmes, Annie Grayer, Oliver Darcy Organizations: Washington CNN, Republican Party, CNN, Wyoming Republican, Trump, White, GOP, Republican, California Republican, Fox News, “, Capitol, ”, Orange Jesus, Mar, Save America PAC, AFP, Getty, Democratic, Republicans, House Republican Conference, Caucus, U.S . Capitol, Jan, Senate Republicans, Fox Corp, Fox, Democrat, Independent Locations: Wyoming, California, Mark Green of Tennessee, Mar, Trump, Washington , DC, Ohio, WASHINGTON, DC, Washington ,, Trump’s, Congress, America

☆ How to make your money work for you over the next decade
▼ + stars: | 2023-11-28 | by ( James Faris | William Edwards | ) www.businessinsider.com time to read: +16 min

"If there is a regime shift, then what has worked could be quite different from what does work," McLennan said. That means the growth stocks that dominated for years may come back to earth in the mid-2020s. He also recommends that investors diversify away from growth stocks that thrived under low rates and instead broaden out to value-oriented names. Valuations explain 80% of a stock's returns over a decade, according to Bank of America. Smead sees energy in stocks in Canada also outperforming in the coming decade, as well as European banks.

Persons: —, Peter Bates, Rowe Price, Damanick Dantes, We're, Dantes, you've, He's, Matt McLennan, McLennan, Kimball Brooker, Morningstar, Nicola Stafford, Stafford, it's, Molina, Bates, Russell, Cole Smead, that's, Phillip Colmar, Colmar, Bob Doll, Doll, Smead, Michael Sheldon, Sheldon, who's, there's, Chris Chen, Chen, Roth Organizations: Service, Business, Global, International, McLennan, First Eagle Global Fund, Eagle Investments, Goldman, Asset Management, Stock, Molina Healthcare, Vanguard Value, Healthcare, Bank of America, Comerica Wealth Management, MRB Partners, Canadian, Crossmark Global Investments, BlackRock, Energy, P Bank ETF, RDM Financial, Social Security, Social, Insight Financial, Trust, IRA Locations: Canada, Colmar, United States, Canadian, Europe, Treasuries

☆ A woman said she booked the 'world's worst Airbnb' with stained bedsheets, a bed bug on the wall, and 'eerie vibes'
▼ + stars: | 2023-11-28 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

She shared footage of the property on TikTok, showing bugs in the bathroom and stained sheets. AdvertisementA woman said she spent the night in her car after discovering her Airbnb had stained bedsheets, a bed bug on the wall, and "eerie vibes." "I'm convinced I actually stayed at the world's worst Airbnb," Taylor said in the video. AdvertisementTaylor posted another TikTok where she attached screenshots of the Airbnb listing. "In the description of the property on Airbnb, it did not mention anything about the building being old and not taken care of.

Persons: she's, —, Tiana Taylor, I'm, Taylor, Taylor's TikTok, Airbnb Organizations: Service Locations: Instagram, Hollywood , Florida, Airbnb, Hollywood

☆ Make these 5 investments as stocks climb to record highs in 2024, according to top strategists at Bank of America and BMO Capital Markets
▼ + stars: | 2023-11-28 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

COVID), and active funds are hugging their benchmarks," Subramanian wrote in a note about her 2024 outlook. "We're bullish not because we expect the Fed to cut, but because of what the Fed has accomplished," Subramanian wrote. BMO Capital MarketsBofA analysts are calling for slower inflation, better profit margins, and improved efficiency, Subramanian wrote. BMO is less optimistic about energy stocks since they've lagged behind oil prices in the last year. Consumer discretionary is a strong bet if interest rate hikes are over and consumers keep spending, Subramanian wrote.

Persons: Brian Belski, Belski, Savita Subramanian, Subramanian, Bank of America BMO's Belski, he's, boomers, BofA Organizations: Bank of America, BMO Capital Markets, Business, BMO, Federal Reserve, " Bank of, Energy, BMO isn't Locations: Ukraine, Israel

Local governments plan to use the proceeds of the latest bond sales to purchase equity or convertible bonds from smaller banks, most of them state-owned, effectively recapitalising them, according to the deal prospectuses. DEEPER IN DEBTThe intensified efforts to support smaller banks also come amid growing worries about the impact of ballooning local government debt on the economy. While policymakers are highly concerned over rising debt levels, Beijing has little option but to support smaller banks to contain spillover risks, analysts said. It was not immediately clear if the central authorities had given any guidance to the local governments on recapitalising smaller banks, and who were the buyers of these special-purpose bonds. "Local governments are a likely the first line of defense whenever regional banks become stressed," they said.

Persons: Kim Kyung, Gavekal, Zhang Xiaoxi, Pan Gongsheng, Ziyi Tang, Ryan Woo, Sumeet Chatterjee, Kim Coghill Organizations: People's Bank of China, REUTERS, Rights, China Electronic Local Government Bond, Authorities, National Financial Regulatory Administration, International Monetary Fund, Beijing, Thomson Locations: Beijing, Rights BEIJING, China, Henan, China's, Liaoning, Yunnan, Inner Mongolia

☆ Barclays reveals 10 debt-laden global stocks at risk from higher interest rates
▼ + stars: | 2023-11-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Barclays has identified the European stocks that are most at risk of taking a hit to profits over rising interest payments for debt over the next two years. During the coronavirus pandemic, central banks cut interest rates to historic lows, enabling companies to borrow debt at very favorable rates. The table below shows the 10 stocks Barclays expects to have the biggest increase in interest costs through to 2025. Since interest costs are integral to real estate business models, the impact on margins and profits could be much more severe, the bank's analysts said. The Barclays team is confident that while interest rates can hurt company bottom lines, there was "scant" evidence that showed there was systemic risk.

Persons: Fastighets Balder, Castellum, Vonovia, Matthew Joyce, Zoso Davies Organizations: Barclays, Premier, Whitbread, BASF, Dassault Systemes Locations: Swiss

☆ Barclays fears year-end gains could be stealing 2024's potential returns
▼ + stars: | 2023-11-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

For investors cheering stocks' strong rally into the year end, Barclays warned that it could be eating into 2024's return. A number of macro news events sparked a relief rally in equities as 2023 begins to wrap up, with the S & P 500 registering four straight weeks of gains and climbing 8.5% in November. "Combined with year-end seasonality, the surge in institutional flows could push equities over their skis, essentially 'borrowing' 2024 returns and leaving less room for upside next year," he added. .SPX YTD mountain S & P 500 The firm expects only single-digit returns next year as modest economic deceleration offsets the benefit of easing inflation. Barclays raised its 2024 S & P 500 price target to 4,800, from 4,500 previously.

Persons: Venu Krishna, Krishna, dovish, Treasury QRA, — CNBC's Michael Bloom Organizations: Barclays, Treasury, Big Tech, CNBC Pro's, Survey, Wall

☆ European stocks head for flat open as markets struggle to find momentum
▼ + stars: | 2023-11-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Barclays has identified European stocks that are most at risk of taking a hit to profits over rising interest payments for debt over the next two years. During the coronavirus pandemic, central banks cut interest rates to historic lows, enabling companies to borrow debt at very favorable rates. However, refinancing has now become far more difficult as rates have surged and are expected to stay elevated through 2025. The Wall Street bank believes refinancing debt at higher rates could dent earnings by 3% to 5% over the next two years, impacting stocks. CNBC Pro subscribers can read more about the stocks identified here.

Persons: — Ganesh Rao Organizations: Barclays, CNBC

☆ Even Most Biden Voters Don’t See a Thriving Economy
▼ + stars: | 2023-11-28 | by ( Lydia Depillis | More About Lydia Depillis | ) www.nytimes.com time to read: +2 min

But the White House has addressed a few specific costs that matter for families, by releasing oil from the Strategic Petroleum Reserve to contain surging oil prices in late 2022, for example. The more the administration talks about its concrete efforts to lower prices, the more Mr. Biden will benefit, Mr. Doss said. “When I talk about the economy, it’s just inflation, and to me inflation is systemic and coming from the Trump administration,” Ms. McDowell said. Moreover, she sees the situation healing itself, and thinks Mr. Biden is doing the best he can given the challenges of the wars in Ukraine and now Gaza. Because they’ve got jobs,” Ms. McDowell said.

Persons: Biden, Doss, —, Kendra McDowell, Trump, ” Ms, McDowell, they’ve, Ms, “, ” Organizations: Strategic Petroleum Reserve, Medicare Locations: Harrisburg, Pa, Ukraine, Gaza

☆ Retailers Have Cleaned Up Their Inventories for the Holidays
▼ + stars: | 2023-11-27 | by ( Liz Young | ) www.wsj.com time to read: 1 min

Many retailers have spent much of the year working through the stockpiles from last year and now say they have cleaned up their distribution centers and their balance sheets. Photo: Scott Olson/Getty ImagesRetailers are heading into their most crucial sales period of the year with a very different inventory strategy than they undertook in 2022. Warehouses are no longer stuffed with merchandise and store shelves aren’t spilling over with discounted goods in hopes of luring wary consumers into last-minute sales. Instead, merchants from big-box retailers like Walmart and Target to more specialized sellers like Best Buy and Dick’s Sporting Goods have pared back their inventories while trying to focus their supply chains more tightly on products that shoppers want.

Persons: Scott Olson Organizations: Getty, Walmart, Target, Dick’s Sporting Goods

Read our Parachute percale sheets review and Parachute linen sheets review for the lowdown on this breathable bedding. Read our Parachute Mattress review to learn what it's like to sleep on its combination of New Zealand wool, organic cotton, and pocketed steel coils. Beyond bedding, Parachute offers bath, loungewear, decor, and a furniture collection that launched last year. For discounts across home, tech, style, and more, check out our coverage of the best Cyber Monday deals. Shop all Cyber Monday deals from ParachuteThe best Cyber Monday deals from Parachute

Locations: Zealand

☆ A default cycle has started amid the Fed's high interest rates, economists say. These 4 charts explain how severe it is.
▼ + stars: | 2023-11-27 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

A default cycle has started, spurred by high rates and debt costs, economists at Apollo Management said. Data on default rates and bankruptcy filings show just how severe the situation is. Advertisement"A default cycle has started with bankruptcy filings rising, and default rates will continue to rise over the coming quarters, impacting in particular middle market companies," they added. US Speculative grade default rates Apollo Management"The ongoing rise in default rates is not just a 'normalization.' AdvertisementUS bankruptcy filings Apollo ManagementWeekly bankruptcy filings for companies with at least $50 million in liabilities Apollo ManagementSløk has previously said that the Fed's rate hikes were to blame for higher bankruptcies.

Persons: —, Torsten Sløk, Sløk, Apollo Management Sløk, Nicholas Colas, Moody's Organizations: Apollo Management, Service, HY, Apollo, DataTrek, Management Locations: Moody's, Europe

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