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☆ Cramer's week ahead: Earnings season kicks off with Domino's, Walgreens and PepsiCo
▼ + stars: | 2023-10-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday told investors what to focus on going into the week ahead, including the start of earnings season and reports from companies like Walgreens , Domino's and PepsiCo . Thursday will see a slew of companies release earnings, including Delta Air Lines , Walgreens and Domino's. Cramer said he bets Domino's deal with Uber Eats may boost earnings, but he was more pessimistic about Delta's report. He also said he expects poor earnings from Walgreens, saying he thinks the health-care company's drugstore business seems "in total disarray." On Friday, numerous financial services companies will report, including Wells Fargo , JPMorgan Chase , Citigroup and BlackRock .

Persons: CNBC's Jim Cramer, Cramer, we've, Uber Organizations: Walgreens, Domino's, PepsiCo, Natural Resources, Exxon Mobil, Adobe, Delta Air Lines, JPMorgan Chase, Citigroup, BlackRock Locations: Wells Fargo

☆ Investors can get a 5% yield in these assets and skip the bond market volatility
▼ + stars: | 2023-10-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investing in money market funds The interest in money market funds began to heat up when the Federal Reserve started raising interest rates last year, Antoniewicz said. Some $64.13 billion flowed into money market funds the week ended Wednesday, bringing total net assets to a record $5.71 trillion, per the Investment Company Institute . Net assets also hit a record within retail money market funds, reaching $2.16 billion, the ICI said. The annualized 7-day yield yield on the Crane 100 list of the 100 largest taxable money funds is currently 5.18%. "So if you have stability in a money market fund and an equal or higher yield, why would anyone consider leaving a money market fund to go longer term and have the volatility?"

Persons: Peter Crane, Jean Boivin, Shelly Antoniewicz, Antoniewicz, Barry Glassman, Glassman, I'm Organizations: Crane, Treasury, Federal Reserve, BlackRock Investment Institute, Investment Company Institute, ICI, Data, Wealth Services

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. The S&P 500 (.SPX) eyed its fifth straight weekly fall, while the Dow (.DJI) is on track to decline for the third straight week. Most major S&P 500 sectors were trading lower on Friday, with utilities (.SPLRCU), often considered a bond proxy, down 1.8%, while rate-sensitive real-estate (.SPLRCR) fell 1.2%. Energy (.SPNY) is set to be worst hit amongst the major S&P 500 sectors this week, while communications services (.SPLRCL) is on track to be the best performing. EV maker Tesla (TSLA.O) fell 2.2% after cutting prices of its Model 3 and Model Y vehicles in the United States.

Persons: Brendan McDermid, Tesla, Neil Birrell, advancers, Ankika Biswas, Shashwat Chauhan, Anil D'Silva, Shounak Organizations: New York Stock Exchange, REUTERS, Companies, Exxon, Dow, Nasdaq, Federal Reserve, Labor, Premier Miton, Treasury, Nvidia, Traders, Energy, JPMorgan Chase, Citigroup, BlackRock, Dow Jones, Tesla, Exxon Mobil, Reuters, Natural Resources, NYSE, Thomson Locations: New York City, U.S, Wells Fargo, United States, Bengaluru

☆ Asia's edge isn't just cheap labor, whether it's China, India or Japan, KKR says
▼ + stars: | 2023-10-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Now, whether it's China, India or Japan, the region's edge lies in industrial services, KKR's heads of global and Asia macro said in an October note. That investment conclusion comes after a recent trip to Singapore, China and Japan by New York-based Henry H. McVey, chief investment officer of KKR Balance Sheet. "The bid for infrastructure and logistics could accelerate even more meaningfully, we believe, in key markets such as India, China, Indonesia, the Philippines, Vietnam and even Japan," the KKR report said. That includes a $2 billion acquisition of a Mitsubishi-backed real estate manager in spring 2022.watch now"I think there are two big megathemes in Japan," KKR's McVey said in an interview Thursday. The other big trend in Japan, McVey said, is corporate reform that's boosting shareholder returns.

Persons: Henry H, McVey, Frances Lim, KKR's McVey, Fumio, haven't, Warren Buffett, Lim didn't, There's, Nisha Awasthi, Lim Organizations: Visual China, Getty, BEIJING, KKR, Mitsubishi, Hitachi Transport System, Logisteed, Hyatt Regency, Gaw Capital Partners, Wednesday, China Locations: China, Haikou, Hainan, India, Japan, Asia, Singapore, New York, Indonesia, Philippines, Vietnam, Hyatt Regency Tokyo, Gurugram, BlackRock, Mumbai, Pacific, Beijing, Hong Kong, Seoul, Shanghai, Sydney, Tokyo

☆ Sam Bankman-Fried isn't the only one on trial. The entire crypto industry is.
▼ + stars: | 2023-10-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

But first, we're looking at why FTX cofounder and ex-CEO Sam Bankman-Fried's criminal trial has implications that could upend the entire crypto industry. Bankman-Fried, the cofounder and ex-CEO of crypto exchange FTX, was deeply enmeshed in the crypto ecosystem. The proceedings will likely provide more fascinating details about the inner workings of FTX and the broader crypto industry, potentially airing out its dirty laundry and shortcomings. Chelsea Jia FengThe crypto industry, meanwhile, is ready to move on. Some in the crypto industry are embracing a more grown-up approach.

Persons: —, Sam Bankman, Donald Trump's, JANE ROSENBERG, Tom Brady, Kevin O'Leary, Michael Lewis, Katie Balevic, Jacob Shamsian, Grace Kay, Mark Cohen, Caroline Ellison, Chelsea Jia Feng, they'll, Spencer Platt, what's, Michael M, Arvind Krishna, Rahul Pandey's, Seth Wenig, AP Trump, scowled, Donald Trump, Tyler Le, Dianne Feinstein's, Kamala Harris, Sen, Chuck Schumer, Marc Anthony, Sofia Reyes, Pluma, Bad, Wells, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan, Annie Smith, Shona Ghosh, Jack Sommers, Spriha Srivastava Organizations: Service, Tech, Chelsea, Financial, Fidelity, PayPal, Visa, Getty, Treasury, Wall, Nvidia, IBM's, Meta, AP, IRS, trailblazing, Grupo Frontera, NBA, Dallas Mavericks, Minnesota Timberwolves, Etihad Arena, The Dallas Mavericks, Etihad, Corporation National Media Locations: crypto's, Plenty, trailblazing California, Abu Dhabi, New York City, San Diego, London, New York

☆ Neuralink competitor Precision Neuroscience buys factory to build its brain implants
▼ + stars: | 2023-10-05 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

In this article BLK Follow your favorite stocks CREATE FREE ACCOUNTEmployees working in Precision's manufacturing facility Courtesy: Precision NeuroscienceNeurotech startup Precision Neuroscience announced Thursday it has acquired a factory in Dallas, where it will build the key component of its brain implant, the Layer 7 Cortical Interface. Precision said the manufacturing plant is the only facility capable of producing its "sophisticated" electrode array. Stephanie Rider of Precision Neuroscience inspects the company's microelectrode array Source: Precision NeuroscienceAs a member of the fast-growing brain-computer interface (BCI) industry, Precision is developing its technology alongside other companies like Synchron, Paradromics, Blackrock Neurotech and Elon Musk's Neuralink. At the request of the seller, a Japanese multinational corporation, Precision declined to share how much the manufacturing facility cost. Employees working in Precision's manufacturing facility Courtesy: Precision Neuroscience

Persons: we've, Michael Mager, Stephanie Rider, Elon Musk's, Precision's, Benjamin Rapoport, Neuralink, Musk, Mager Organizations: Neuroscience, CNBC, Blackrock Neurotech, Elon Musk's Neuralink, SpaceX, Neuralink, Employees Locations: Dallas, Paradromics

☆ Here are Wednesday's biggest analyst calls: Meta, Tesla, Nvidia, Apple, Sunrun, Alphabet, Snowflake & more
▼ + stars: | 2023-10-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS initiates Fiverr as buy UBS said the Israeli online marketplace company has "significant upside." UBS upgrades Fluor to buy from hold UBS said the construction and engineering stock is underappreciated. Bank of America upgrades Orange to buy from underperform Bank of America double upgraded the European telco company and says it has upside potential. Bank of America reiterates Blackrock as buy Bank of America said the asset management company is well positioned. Mizuho reiterates Nvidia as buy Mizuho added the stock to its top picks list and says it's an AI winner.

Persons: Morgan Stanley, Tesla, it's, underappreciate FLR, TD Cowen, Key, Goldman Sachs, Goldman, Oppenheimer, Mizuho, Coinbase, Bernstein, PTON Organizations: US, UBS, Americas Corp, Bank of America, underperform Bank of America, Tech, of America, Apple, JPMorgan, Netflix, ARM, " Bank of America, Blackrock, Nvidia, Mizuho, NOVA Locations: Argentina, Argentine, Orange, 3Q23, 4Q23

☆ Government bonds are in a rout worldwide. Here's why you should care
▼ + stars: | 2023-10-04 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

When official interest rates rise, so do investors’ expectations for returns on bonds, known as yields. In the United Kingdom, the yield on 30-year bonds also reached 5% this week, the highest level in more than two decades. Yields on Italy’s 10-year bonds hit 5% on Wednesday, the highest level since 2012, when that crisis was in full swing. Mortgage rates riseThe yields on local government bonds are usually used by banks to price mortgages. High official interest rates in America and Europe have also raised the cost of borrowing for businesses.

Persons: Saul Loeb, Liz Truss, —, Matt Cardy, Freddie Mac, Andrew Sheets, Morgan Stanley, Stocks, ” Russ Mould, AJ Bell, we’ve, ”, “, That’s, ” Susannah Streeter, Hargreaves Lansdown Organizations: London CNN, US Treasury Department, Getty, UK, CNN, Nasdaq, Federal Reserve, BlackRock, Hargreaves Locations: Washington ,, United Kingdom, Bath, England, United States, Europe, America

☆ 'Shark Tank' star Kevin O'Leary laughs off idea that institutional investors want bitcoin: 'They don't own any of it'
▼ + stars: | 2023-10-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Institutions aren't putting money into bitcoin, despite talk of rising interest, Kevin O'Leary said. A bitcoin spot ETF won't happen as the main crypto exchanges are under SEC scrutiny, he told CoinDesk. Without compliant and transparent exchanges in the US, bitcoin won't rise in value, he added. AdvertisementAdvertisementDespite optimism that top institutions on Wall Street are going to step into bitcoin investing, that's not actually happening, "Shark Tank" star Kevin O'Leary said. Meanwhile, more transparent crypto exchanges may emerge in other parts of the world, potentially sending institutional interest elsewhere.

Persons: Kevin O'Leary, CoinDesk, —, that's, O'Leary, they're, Gary, That's, Changpeng Zhao, Sam Bankman Organizations: SEC, Service, Fidelity Locations: bitcoin, BlackRock

☆ Bank of America says this asset management giant is 'best-positioned' to capitalize on rising Treasury yields
▼ + stars: | 2023-10-04 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

BlackRock stock has slumped nearly 12% in 2023. BLK YTD mountain BlackRock stock. Treasury yields have soared in recent days , with the 10-year climbing to its highest level in 16 years, rattling equity markets. The yields on 30-year Treasury bonds, meanwhile, briefly traded above 5% on Wednesday. BlackRock is the biggest asset manager in the world, with more than $9.4 trillion through the end of the second quarter.

Persons: Craig, Siegenthaler, BofA, — CNBC's Michael Bloom Organizations: Bank of America, BlackRock, Treasury, Wednesday Locations: BlackRock, 4Q23

☆ 'Everything gets harder from here': Why top investors are down on the market, economy
▼ + stars: | 2023-10-03 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

Some of the market's biggest stock market investors echoed this view. Ackman said on Monday morning he didn't expect another rate hike. "If you just listen to their words, you know, you have to be pretty fearful there's going to be another rate hike. "Those numbers need to be supportive," Rieder had said of inflation data and jobs data including the JOLTS report in an interview with CNBC on the sidelines of DA. Ackman, even betting against another rate hike, has a view of inflation that sees it being persistently higher and placing more pressure on yields.

Persons: Bill Ackman, Katie Koch, reprice, Koch, Cash, Brad Gerstner, Gerstner, We've, Ackman, That's, they're, Jerome Powell, Volcker, Rick Rieder, You've, Rieder Organizations: Federal Reserve, Dow Jones, CNBC, Alpha, TCW, DA, Fed, Labor, BlackRock

☆ A top economist explains why a US recession is still on the table
▼ + stars: | 2023-10-03 | by ( Phil Rosen | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The US economy is showing signs of resilience, including from the labor market and consumer spending. The labor market has remained robust, steady economic growth is still there, and consumers have yet to buckle. "I think there's still risks gradually accumulating in the economy," Kimbrough said. AdvertisementAdvertisementConsumer and labor market risks loomA number of factors pose as headwinds for consumers, in the chief economist's view. Gregory Daco, EY's chief economist, also recently warned that there are headwinds impacting consumers, forcing them to perhaps cut back on spending.

Persons: isn't, —, Jeremy Grantham, Jamie Dimon, Karin Kimbrough, LinkedIn's, it's, Kimbrough, they've, Gregory Daco, Daco Organizations: Service, Chicago Fed, BlackRock, Labor, of Labor Statistics, Federal Reserve Bank of New York's Center, Microeconomic

REUTERS/David 'Dee' Delgado/ Acquire Licensing RightsOct 3 (Reuters) - The global cryptocurrency market remains badly scarred following the tumultuous collapse of crypto exchange FTX and other big players last year, with crypto prices, volumes and venture capital investment well below their 2021 peaks. BITCOIN BLUESBitcoin, by far the biggest cryptocurrency and the chief barometer for crypto market sentiment, has bounced back about 37% since Nov. 1. Reuters Image Acquire Licensing RightsCRUMBLING MARKET CAPAfter peaking at $3 trillion in November 2021, the value of the overall crypto market plummeted through 2022, hitting a two-year low of $796 billion as FTX imploded. Yet the relative calm in crypto markets is not necessarily a good thing, said some market participants, noting that many investors are attracted to crypto precisely because of its volatility, which offers opportunities to make quick profits. Reuters GraphicsVC CRYPTO BETS TUMBLEVenture capital (VC) investments flooded into crypto during its boom year of 2021, and even through 2022.

Persons: Damian Williams, Samuel Bankman, David, Dee, Delgado, Sam Bankman, FTX, cryptocurrencies, Bitcoin, bitcoin, Ben Laidler, Usman Ahmad, Anders Kvamme Jensen, Robert Le, CCData, Noelle Acheson, Hannah Lang, Elizabeth Howcroft, Tom Wilson, Michelle Price, Andrea Ricci Organizations: REUTERS, Capital, Silvergate Bank, BlackRock, Reuters, Zodia, Chartered, Reuters Graphics, U.S, Venture, Thomson Locations: New York City, U.S, New York, Singapore, London, Washington

☆ Money managers are shifting their attitude to ESG as 'realism' sets in, says S&P's Dan Yergin
▼ + stars: | 2023-10-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

"If you're in a money management business, you do need returns," said Yergin. "And we've seen that with more North American funds that, yes, we want to do energy transition, we want to do ESG. But we actually need returns as well. In the second quarter of this year, investors have pulled $635 million from U.S. sustainable funds, according to funds research firm Morningstar. That racks up a total outflow of $11.4 billion from these sustainable funds in the past year.

Persons: Dan Yergin, Yergin, Morningstar Organizations: CNBC, Blackrock Locations: U.S

Making mistakes doesn't feel great, but they can provide some lessons you might not have learned otherwise. We asked this year's rising stars of Wall Street to open up about the biggest missteps of their careers so far and what they took away from them. Some shared their rookie errors — like slamming their laptop shut after forgetting to save their first big pitch deck or duplicating a trade — while others gave more reflective answers about how early career mistakes impacted their paths. We've got to iterate and change how we do things, and I think that's helped our team's process a lot. So my mistakes also brought me here, and everything that has been a mistake is always a learning experience.

Persons: there's, Luis Arteaga, David Trinh, you'll, Michael Dunn Goekjian, Tori Gilliland, didn't, It's, Andrew Almeida, Thoma Bravo I've, I've, Nadim Laiwala, Rachel Hunter, Goldman, Kristen Powers, Morgan Stanley, Sarah Sigfusson, Shanta Wu, Fred Michel, who's, Morgan, Neil Kamath, Rachel Barry, Chris Dell'Amore, We've, that's, Peter Gylfe, Ricky Mewani, Dominic Rizzo, Rowe Price, Lillian Qian Lin, of, Steve Schwarzman, Peter Peterson, Stephen Schwarzman, Blackstone, Patrick McGoldrick, Katya Brozyna, Michael Wilkinson, Yi Yi, Wells, Luna McKeon, —, Anne, Victoire Auriault, Goldman Sachs Organizations: Barclays, Delta, Barclays Bridgewater Associates, Bridgewater Associates, Apollo Management, Thoma Bravo, Moelis, US, Bank of, Fidelity, JPMorgan, BlackRock Blackstone, Citadel, Blackstone, Jefferies, Citadel Securities, Blue Owl, Goldman Locations: Bank, Evercore, Wells, Americas

☆ BlackRock bond chief Rick Rieder manages $2.4 trillion. He shares 5 trades he's most bullish on right now — and 3 criteria that need to be met for him to start buying 10-year Treasurys.
▼ + stars: | 2023-10-02 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

Exchange-traded funds like the Vanguard Short-Term Treasury ETF (VGSH) and the SPDR Portfolio Short Term Treasury ETF (SPTS) also offer exposure. One way to gain exposure to the assets is through funds like the Schwab 5-10 Year Corporate Bond ETF (SCHI) or the iShares Euro Investment Grade Corporate Bond Index Fund (IE). Finally, Rieder said he likes corporate paper, which are essentially short-term bonds issued by corporations. I know what my return is going to be a year ahead — it's going to be 6.5% for single-A issuers. The BlackRock Ultra Short-Term Bond ETF (ICSH) and the Vanguard Short-Term Corporate Bond Index Fund (VCSH) offer exposure to corporate paper.

Persons: Rick Rieder isn't, Rieder, — it's Organizations: CNBC's, Alpha, Bureau of Labor Statistics, of Labor, Exchange, Treasury, Corporate, Index, BlackRock, Bond Locations: BlackRock, New York, Europe, United States

☆ Oil prices and the dollar surged in the third quarter. These ETFs can help you reset your portfolio
▼ + stars: | 2023-09-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

.DXY 1Y mountain The dollar index hit new highs for 2023 in September. "Energy equities haven't really kept up with the energy market rally," she added. The latest iShares outlook highlighted the firm's U.S. Energy ETF (IYE) as a way to play higher oil prices. Other major funds in that category include the Energy Select Sector SPDR Fund (XLE) , the Vanguard Energy Index ETF (VDE) and the Fidelity MSCI Energy Index ETF (FENY) . Investors can outsource currency market decisions in the form of managed futures ETFs, which have exposure to currency markets in addition to other asset classes.

Persons: Gargi Chaudhuri, Morgan Stanley, Sasikanth Chilukuru, It's, Chaudhuri, Todd Sohn, Sohn, Andrew Beer, Beer, You've, Anastasia Amoroso, There's, Amoroso Organizations: Texas, BlackRock, iShares, Energy, U.S . Energy, Vanguard Energy, Fidelity MSCI Energy, Wall, U.S ., Invesco DB, Fund, WisdomTree Bloomberg, Investors, Global, Apple, Nvidia Locations: U.S, Saudi Arabia, DBi, Japan

☆ CNBC Daily Open: Long-term prospects are uncertain
▼ + stars: | 2023-09-29 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

People walk outside of the New York Stock Exchange (NYSE) in the financial district in Manhattan on June 14, 2022 in New York City. 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. Big population but small labor forceEven though India's population of 1.428 billion has surpassed that of China's, according to UN estimates, the country's labor force is only at 51%, trailing behind China's 75%. When that happens, this simple bond trade can earn you 40% in returns, said investment analysts.

Persons: Hong, Bill Ackman, Rick Rieder, Katie Koch Organizations: New York Stock Exchange, CNBC, Nikkei, Alpha, Pershing, Capital Management, Treasury, BlackRock, Federal, TCW, China's, Oxford Economics Locations: Manhattan, New York City, Asia, Pacific, Tokyo, U.S, China

☆ Bill Ackman and Larry Fink see US Treasury yields hitting 5%: 'Like literally weeks'
▼ + stars: | 2023-09-29 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Wall Street heavyweights Larry Fink and Bill Ackman see US Treasury yields reaching 5%. AdvertisementAdvertisementWall Street heavyweights Bill Ackman and Larry Fink see inflation remaining higher and expect US Treasury yields to soon hit 5%. On Friday, the 10-year yield pulled back to 4.565% after surging to its highest level since 2007 earlier in the week. AdvertisementAdvertisementAnd that could keep US Treasury yields higher as they move on expectations of Fed rate policy. Other commentators have also suggested higher yields, especially as a supply and demand imbalance exists in the Treasury market.

Persons: Larry Fink, Bill Ackman, Ackman, —, Fink, Jamie Dimon, Bill Gross Organizations: Service, Pershing, Capital, CNBC's, Alpha, BlackRock, Berlin, JPMorgan, Federal Reserve, Treasury

☆ The Fed should call time on its inflation battle, BlackRock bond guru Rick Rieder says
▼ + stars: | 2023-09-29 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

It's time for the Federal Reserve to end its war against inflation, according to Rick Rieder. "My sense is they should be done," the BlackRock bond chief told CNBC Thursday. The central bank has signaled it could raise interest rates again before the end of 2023. AdvertisementAdvertisementIt's time for the Federal Reserve to call an end to its war against soaring, according to Rick Rieder. "I think so," Rieder told CNBC's "Closing Bell", in response to a question about whether interest rates are close to peaking.

Persons: Rick Rieder, —, Rieder, CNBC's, –, that's, Jerome Powell, Bloomberg's Organizations: Federal Reserve, BlackRock, CNBC, Service

☆ Top money managers are warning of pain ahead for the US economy. Here are 6 areas where they're investing right now to prepare.
▼ + stars: | 2023-09-29 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

"There is a subset that simply cannot do that," she said of paying down credit card debt going forward as rates rise. "In those tails and subsets I think you're going to have really unusual delinquencies, and just horrible recovery rates." You're going to see defaults increase." Delaney also emphasized being defensive, and said he likes corporate bonds, but those with floating rates, meaning they move with the market rate. The iShares 10-20 Year Treasury Bond ETF (TLH) is one way to gain exposure to long-term government bonds.

Persons: Dawn Fitzpatrick, Katie Koch, haven't, it's, Mark Delaney, Suni Harford, I'd, Brad Gerstner, Jerome Powell, Volcker, Koch, —, We're, Rick Rieder, he's, Delaney, Fitzpatrick Organizations: CNBC's, Alpha, Federal Reserve, Soros Fund Management, TCW, UBS, Management, BlackRock, JPMorgan, Corporate, Treasury Bond ETF, Vanguard Energy, DB Oil Fund Locations: Europe, Saudi Arabia

(Reuters) - EquiLend Holdings LLC, the securities lending platform owned by 10 of the biggest Wall Street firms, including Goldman Sachs Group Inc and BlackRock Inc, is exploring a sale following settlement of a major collusion lawsuit, people familiar with the matter said. Euronext NV is one of the parties interested in EquiLend, one of the sources added. EquiLend generates 12-month earnings before interest, taxes, depreciation and amortization of more than $25 million, two of the sources said. One of the sources added that EquiLend may fetch about $700 million in a sale. Goldman Sachs, JPMorgan, Morgan Stanley and UBS agreed to pay $499 million last month to settle the lawsuit that accused them of conspiring to stifle competition in the stock lending market using EquiLend.

Persons: Amr Alfiky, Broadhaven, Morgan Stanley, EquiLend, Goldman Sachs Organizations: Reuters, EquiLend Holdings, Goldman Sachs Group Inc, BlackRock Inc, Trade Center, REUTERS, Broadhaven Capital Partners, Wall Street, Bank of America Corp, UBS Group AG, JPMorgan Chase &, JPMorgan, UBS Locations: Manhattan, New York City, U.S, EquiLend

☆ Wall Street is betting on an active management comeback with new ETF launches
▼ + stars: | 2023-09-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

There were 68 active fund launches in the third quarter as of Sept. 22, compared to 49 indexed fund launches, according to CFRA. Passive funds still make up the majority of the ETF market, and they typically cost less than active products. JEPI, the biggest active ETF, has underperformed the S & P 500 this year but is still attracting new cash. "One of the problems with straightforward active funds, and we do run some straightforward active funds, is that very often ... you are tethered to that broad index, whatever happens to be in that. Abbott's firm launched five new active funds last week, including the Matthews Japan Active ETF (JPAN) .

Persons: Rachel Aguirre, Euan Munro, BNY Mellon, Cooper Abbott, Stephanie Pierce, Dreyfus, Jeremy Grantham's, Abbott Organizations: BlackRock, CNBC, JPMorgan —, Nasdaq, Newton Asset Management, BNY, Matthews Asia, Matthews Japan Active, SEC, Mellon & Exchange, BNY Mellon Investment Management Locations: BALI, BlackRock

☆ The Fed should be done hiking rates, says BlackRock's Rick Rieder
▼ + stars: | 2023-09-28 | 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 EmailThe Fed should be done hiking rates, says BlackRock's Rick RiederRick Rieder, BlackRock's chief investment officer of global fixed income, joins 'Closing Bell' to discuss the interest rate outlook, competition between bonds and stocks, and more.

Persons: Rick Rieder Rick Rieder

☆ BlackRock's Rick Rieder: The Fed will start cutting rates in the second half of 2024
▼ + stars: | 2023-09-28 | 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 EmailBlackRock's Rick Rieder: The Fed will start cutting rates in the second half of 2024Rick Rieder, BlackRock senior managing director, and Rebecca Patterson, Council for Economic Education board chair, join CNBC's Deliver Alpha 2023 to talk the current rate hiking cycle, the state of the markets, what's ahead for the Federal Reserve and more.

Persons: Rick Rieder, Rebecca Patterson Organizations: BlackRock, Economic Education, CNBC's, Federal Reserve

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