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☆ Bitcoin's nearing a breakout moment — prices topped $30,000 for the first time since June 2022
▼ + stars: | 2023-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Bitcoin has rallied above the $30,000 level for the first time since June 2022. The gains are driven by expectations the Fed could scale back its rate hikes, an analyst said. Bitcoin is up about 80% this year so far while Ether is up about 60% in the same period. Veteran trader Peter Brandt flagged the possible "breakout" on Twitter as Bitcoin was heading toward a key resistance level of $30,000. Teng's technical analysis of Bitcoin's chart shows prices nearing $35,000 if the upside price momentum continues.

☆ New Zealander without college degree couldn't talk his way into NASA or Boeing—so he built a $1.8 billion rocket company
▼ + stars: | 2023-04-11 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +6 min

Beck launched the company, Rocket Lab, later that same year. Running a rocket company is kind of like that scene in "Indiana Jones," where he's getting chased by that giant ball. What do you wish you'd known when you decided to start your own rocket company? At that time, that was an absurd amount of money for a rocket startup. A rocket startup from someone living in New Zealand was even more absurd.

☆ In 3 to 6 months service inflation will slow dramatically, says Bleakley's Peter Boockvar
▼ + stars: | 2023-04-10 | 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 EmailIn 3 to 6 months service inflation will slow dramatically, says Bleakley's Peter BoockvarTorsten Slok, chief economist at Apollo Global Management, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss regional banks reorganizing balance sheets, the prolonged effects of a credit crunch, and future Fed policy plans.

☆ Watch CNBC's full interview with Apollo's Torsten Slok and Bleakley's Peter Boockvar
▼ + stars: | 2023-04-10 | 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 EmailWatch CNBC's full interview with Apollo's Torsten Slok and Bleakley's Peter BoockvarTorsten Slok, chief economist at Apollo Global Management, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss regional banks reorganizing balance sheets, the prolonged effects of a credit crunch, and future Fed policy plans.

[1/2] The logo of chocolate and cocoa product maker Barry Callebaut is pictured during the company's annual news conference in Zurich, Switzerland, Nov. 7, 2018. REUTERS/Arnd Wiegmann/File PhotoApril 5 (Reuters) - Switzerland's Barry Callebaut (BARN.S), the world's biggest chocolate maker, on Wednesday appointed Peter Feld as its new chief executive after lowering sales volume guidance as inflation-hit consumers cut back on purchases. The chocolate maker now forecasts full-year volume growth to be "flat to modest," Chief Financial Officer Ben De Schryver said. Barry Callebaut shares were down 2.5%, according to Julius Baer bank's pre-market indications. The company said that the sales volumes decline moderated in the second quarter, slowing to -0.5%, from -5.1% in the previous quarter.

☆ Watch CNBC's full interview with Citi's Steven Wieting and Bleakley's Peter Boockvar
▼ + stars: | 2023-04-03 | 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 EmailWatch CNBC's full interview with Citi's Steven Wieting and Bleakley's Peter BoockvarSteven Wieting, chief investment strategist at Citi Global Wealth Management Investments, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss market expectations for Fed policy, gauging recession concerns and dislocations in the market for banks.

☆ McDonald's could be the start of layoffs outside of tech, says Bleakley's Peter Boockvar
▼ + stars: | 2023-04-03 | 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 EmailMcDonald's could be the start of layoffs outside of tech, says Bleakley's Peter BoockvarSteven Wieting, chief investment strategist at Citi Global Wealth Management Investments, and Peter Boockvar, CIO at Bleakley Financial Group, join 'The Exchange' to discuss market expectations for Fed policy, gauging recession concerns, and dislocations in the market for banks.

REUTERS/Lisa Marie DavidANTIPOLO, Philippines, April 2 (Reuters) - Thousands of Filipino Catholics attending church on Palm Sunday marked the beginning of Holy Week with prayers for the health of Pope Francis as they presented palm fronds to be blessed. At a church in Antipolo City about 20 km (12.4 miles) east of Manila, hundreds of devotees attended morning mass and waved palm fronds as a sign of discipleship and remembrance of Jesus Christ. Filipino Catholics this year offered prayers for Pope Francis, who was hospitalised on Wednesday after complaining of difficulty breathing. The pope was discharged from hospital on Saturday after successful treatment for a severe bout of bronchitis and attended a Palm Sunday service in St Peter's Square. "We should all continue praying for our Pope Francis this Lenten season.

☆ Watch CNBC's full interview with Charles Schwab's Jeff Kleintop and Bleakley's Peter Boockvar
▼ + stars: | 2023-03-27 | 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 EmailWatch CNBC's full interview with Charles Schwab's Jeff Kleintop and Bleakley's Peter BoockvarJeff Kleintop, chief global investment strategist at Charles Schwab, and Peter Boockvar, Bleakley Financial chief investment officer, join 'The Exchange' to discuss European banking stocks and whether they are good investment long-term.

☆ Here’s what experts think of European banking stocks
▼ + stars: | 2023-03-27 | 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 EmailHere’s what experts think of European banking stocksJeff Kleintop, chief global investment strategist at Charles Schwab, and Peter Boockvar, Bleakley Financial chief investment officer, join 'The Exchange' to discuss European banking stocks and whether they are good investment long-term.

☆ The Wrong Indictment Against Trump
▼ + stars: | 2023-03-24 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

The New York Times last week recounted the memories of Ben Barnes , 84, who traveled to the Mideast in the summer of 1980, at the height of the U.S. presidential election, with his political mentor, Texas political powerhouse John Connally . There, Mr. Barnes said, Connally urged heads of state not to push for a deal with President Jimmy Carter to release the American hostages held in Iran, but to wait for Ronald Reagan to offer a better one. Highly partisan Democrats are like their Republican counterparts in that they always think their man didn’t lose but was cheated out of what was his. However: Reagan beat Mr. Carter, an incumbent president with all an incumbency’s powers, 489 electoral votes to 49. America hadn’t seen a sitting president lose in a landslide since FDR took out Herbert Hoover in 1932.

☆ Rocket Lab targets $50 million launch price for Neutron rocket to challenge SpaceX's Falcon 9
▼ + stars: | 2023-03-24 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

During its fourth-quarter report last month, Rocket Lab said it had begun producing the first tank structures of Neutron, as well as construction of the launch pad for the rocket. That means Neutron is targeting a "$50 million to $55 million launch service cost," Spice said. "We don't have any hard data on that but certainly, if that was to happen, that'd be an incredibly bullish thing for Neutron," Spice said. More than rocketsSpice also emphasized to the Bank of America audience that Rocket Lab is "much more than" just a rocket company. As CEO Peter Beck has previously noted, Rocket Lab aims to create an "end-to-end platform for customers" who need space-based services.

☆ Markets saw a dovish Fed hike but Powell's warning on credit conditions spooked investors
▼ + stars: | 2023-03-22 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

Are we going to celebrate the end of Fed rate hikes because things have started to hit the fan?" Strategists pointed to Powell's comment that financial conditions may have tightened more than it appears in traditional market measures, which would be stocks and bond spreads. "Number one, he remains unwavering on inflation, and he does acknowledge he sees a tightening of credit conditions. Briggs also called out Powell's comments about the impact from credit tightening , and the effect those actions can have. "That tightening via credit conditions can take the place of hikes (and vice versa if we don't get tighter credit conditions)," he said. "

[1/5] A general view of a main market is seen, after The International Monetary Fund's executive board approved a $3 billion, in Colombo, Sri Lanka March 21, 2023. REUTERS/Dinuka LiyanawatteCOLOMBO, March 21 (Reuters) - Sri Lanka will receive the first tranche of about $330 million from the International Monetary Fund in the next two days, and, going forward, disbursements would be tied to reviews that take place every six months, an IMF official said on Tuesday. Peter Breuer, Senior Mission Chief for Sri Lanka, Asia and Pacific Department at IMF, said debt sustainability was one of the key criteria for the IMF to approve a bailout for any economy. International dollar bonds issued by the country soared following the IMF package approval. The biggest bilateral creditors, including China, India and Japan, have guaranteed support to Sri Lanka in its efforts to put the economy back on track.

☆ The Fed is likely to hike rates by a quarter point but it must also reassure it can contain a banking crisis
▼ + stars: | 2023-03-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Investors will be looking for assurances from Fed Chairman Jerome Powell that the central bank can contain the banking problems. Expectations for Fed rate hikes also moved dramatically: What was expected to be a half-point hike two weeks ago is now up for debate at a quarter point or even zero. He said the Fed will not likely say it is going to pause, but its messaging could be interpreted that way. Depending on their [projections], I think the market will think this is the final hike." Swonk also expects the Fed to withhold its so-called dot plot, the chart on which it shows anonymous forecasts from Fed officials on the path for interest rates.

☆ Fed needs to 'call a timeout' and stop hiking rates, says Bleakley's Peter Boockvar
▼ + stars: | 2023-03-20 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed needs to 'call a timeout' and stop hiking rates, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group, on what bank closures mean for the Fed. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Julie Biel.

☆ Top Wall Street analysts pick these five stocks for the long term
▼ + stars: | 2023-03-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Given the ongoing uncertainty, turning to stock market experts to pick attractive stocks for the long term could be a good decision. Allegro expects to flourish in these two key markets and to deliver low-double-digit percentage revenue growth from fiscal 2023 to 2028. CrowdStrike's adjusted earnings per share for the fourth quarter of fiscal 2023 (ended Jan. 31) increased 57%, fueled by revenue growth of 48%. The company's adjusted EPS grew 8% and came ahead of Wall Street's expectations, while revenue growth of 18% fell short of estimates. Nonetheless, Oracle is optimistic about the solid potential of its cloud business, which delivered 45% revenue growth in the fiscal third quarter.

☆ Nike's aggressive use of noncompetes is stifling hiring at rivals and startups sneaker brands, insiders say
▼ + stars: | 2023-03-18 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

President Biden and the FTC want to get rid of noncompete agreements. Some former Nike workers remain subject to them. The same could be said of sportswear workers in Portland, Oregon. The same day Biden spoke to the nation, at least three former Nike workers were waiting for their noncompete agreements to end, according to a search of LinkedIn profiles. In sportswear, noncompetes have historically been used to guard industry secrets, which brands fight to protect.

☆ Bank troubles roil markets and make Fed's decision next week more fraught
▼ + stars: | 2023-03-17 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

Even with Friday's sell-off, the S & P 500 and Nasdaq scored gains for the week. The S & P 500 rose 1.4%, compared to a tiny loss of 0.2% in the Dow . "If the U.S. economy is going into a recession, they're going to be buying less cloud service. On Friday, durable goods for February is reported, and there are releases of flash S & P Global PMI data for services and manufacturing. Durable goods 9:30 a.m. St. Louis Fed President James Bullard 9:45 a.m. S & P Global Manufacturing PMI 9:45 a.m. S & P Global Services PMI

Yields, which move opposite price, were rising Thursday morning after the European Central Bank raised rates by a half percentage point. Yields moved even further after his report. Bleakley Financial's Peter Boockvar said the futures market moved to price in even higher odds of a Fed rate hike. On Wednesday, odds were about 50% for a quarter point rate hike, but in Thursday afternoon trading the odds jumped up to 86%. "Rate hike expectations have been rising all morning.

☆ CNBC Daily Open: Credit Suisse spreads the banking crisis to Europe
▼ + stars: | 2023-03-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The banking turmoil in the U.S. — which appeared to be contained just yesterday — spread to Europe on Wednesday in the form of Credit Suisse. Tightening financial conditions and a slowdown in the economy are exactly what the Federal Reserve is hoping to engineer through its interest rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Credit Suisse brings the banking crisis to Europe
▼ + stars: | 2023-03-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ One year after the first rate hike, the Fed stands at policy crossroads
▼ + stars: | 2023-03-16 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

"That being said, given the fact the Fed has tightened as aggressively as they have, the economy is still very good." But recent days have shown the Fed has another problem on its hands besides inflation. watch nowBecause prices fall when rates go up, the Fed hikes have cut into the market value of those fixed income holdings. Rate hike expected"If you're waiting for inflation to go back to 2% and that's what's caused you to raise rates, you're making a mistake," said Joseph LaVorgna, chief economist at SMBC Nikko Securities. Since the rate increases started, depositors have pulled $464 billion from banks, according to Fed data.

☆ How Credit Suisse and SVB are connected: Fear
▼ + stars: | 2023-03-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

Credit Suisse shares crashed more than 20% in Zurich after the bank’s biggest shareholder chose not to increase its funding, dragging down European bank stocks along with it. Why are traders seeing a connection between the Credit Suisse turmoil and the collapse of two US banks last week? “Credit Suisse has been a slowing-moving car crash for years,” wrote Peter Boockvar, chief investment officer of Bleakley Financial Group. Customers withdrew billions from Credit Suisse last year, contributing to the bank’s biggest annual loss since the financial crisis in 2008. In short, the collapse of Silicon Valley Bank didn’t cause Credit Suisse to stumble, but it did put the embattled bank under even more intense scrutiny.

☆ Financial shares fall as Credit Suisse becomes latest crisis for the sector
▼ + stars: | 2023-03-15 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Shares of the Swiss bank fell more than 24% after its biggest backer said it won't provide further financial support. Credit Suisse announced on Tuesday that it had found " material weakness " in its financial reporting process from prior years. Bank stocks were under pressure on Wednesday as the sharp drop of Credit Suisse rattled a segment of the market that was already reeling from two large bank failures in the past week. Some regional bank stocks saw even bigger declines. Credit Suisse struggles come on the heels of the collapse of Silicon Valley Bank and Signature Bank in the U.S. Those failures caused steep sell-offs in regional bank stocks on Monday.

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