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☆ Here's how to create a diversified bond portfolio with up to 6% yield, according to the pros
▼ + stars: | 2024-02-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

But in recent months, many have called for investors to return to bonds as prices are expected to recover soon. Falling yields may prompt investors to wonder which corners of the fixed income market still offer higher yields of up to 6%. He prefers developed market bonds — especially the U.S. — to emerging market bonds, of longer durations exceeding seven years. Emerging market debt can also offer high yield because of the very high real rates in many such economies, Olu-Pitan says, with Latin America debt offering "easily" above 7%. In investment-grade bonds, investors can get above 6% in U.S. financials, she added.

Persons: Brandon Huang, Huang, financials, Remi Olu, Fannie Mae, Freddie Mac, — CNBC's Michael Bloom Organizations: Treasury, LGT Private Banking Asia, CNBC Pro, Agency MBS, U.S ., MBS Locations: U.S, Australia

☆ PayPal plummets as Wall Street likens CEO's strategy to 'turning around the titanic'
▼ + stars: | 2024-02-08 | by ( Kate Rooney | ) www.cnbc.com time to read: +4 min

PayPal shares tumbled more than 10% Thursday after a disappointing forecast added to uncertainty around the payments giant. While the company posted beats on most metrics for its fourth quarter on Wednesday, PayPal guided for earnings that were well below expectations. He called 2024 a transition year and told CNBC in a phone interview that the company was staying "conservative" on guidance. 'Show me' stock PayPal's CEO faced criticism for over-promising before its Jan. 25 product event . Leading up to that, Chriss told CNBC PayPal planned to "shock the world."

Persons: Alex Chriss, FactSet, it's, Wells, Andrew Bauch, Chriss, Gordon Haskett, Don Bilson, Bilson, Bryan Keane, Michael Bloom Organizations: PayPal, Apple, CNBC, Intuit, CNBC PayPal, Bank of America, Deutsche Bank

☆ Opinion | Yes, Take Me Back to 2001
▼ + stars: | 2024-01-26 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

“Let me be the bridge to an America that only the unknowing call myth,” he told his audience. “Let me be the bridge to a time of tranquillity, faith and confidence in action. And to those who say it was never so, that America’s not been better, I say you’re wrong. But much of contemporary conservatism believes strongly in Dole’s formulation — in a lost Arcadia and a debased present. But they’re usually couched as a kind of reactionary futurism, where going forward requires first taking several big steps back.

Persons: Bob Dole, ”, America’s, Dole’s, Bill Clinton’s, Donald Trump, Matt Yglesias Organizations: Republican, Trump Locations: America, Arcadia

☆ Congratulations, You’re the Oldest Person in Town! Please Accept This Cane.
▼ + stars: | 2024-01-20 | by ( Jenna Russell | Sophie Park | ) www.nytimes.com time to read: +1 min

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. In towns across New England, antique canes or their replicas are bestowed on the oldest residents. Jan. 20, 2024For more than a century, when selectmen in Rye, N.H., honored the town’s oldest resident, the title came with a distinctive trophy: a gold-topped, ebony walking cane, engraved with the town’s name, that was theirs to keep for as long as they might live. But when the town feted its latest honorees in November — Marion Cronin and Barbara Long, born on the same day in 1921 — that cane was nowhere in sight. Instead, town officials presented a less fancy replica; the original was safely locked up in the town museum.

Persons: — Marion Cronin, Barbara Long, Edwin Grozier, ” Organizations: Boston, Boston Post, Oldest Locations: New England, Rye, N.H, Rye’s, Boston, Maine , Massachusetts, New Hampshire, Rhode, puzzlingly , Connecticut, Vermont

☆ The woman who inspired 'Mean Girls' now helps adults in corporate America deal with high school-level drama
▼ + stars: | 2024-01-16 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Rosalind Wiseman's book "Queen Bees and Wannabes" inspired the 2004 classic film "Mean Girls." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That's where Rosalind Wiseman — the writer whose 2002 book, "Queen Bees and Wannabes," inspired the movie — comes in. "I remind them that they aren't weak because they are affected by these dynamics," Wiseman told The News York Times of women who reach out to her. "Mean Girls" was also turned into a Broadway play, which in turn inspired the movie remake that came out in theaters on Friday.

Persons: Rosalind Wiseman's, Wiseman, —, Rosalind Wiseman —, Tina Fey, she's, It's Organizations: Bees, US State Department, UBS Financial Services, Service, News York Times, Times, Paramount Pictures Locations: America

☆ Takeaways from the Iowa Republican caucuses
▼ + stars: | 2024-01-16 | by ( Eric Bradner | ) edition.cnn.com time to read: +8 min

The former president won the Iowa Republican caucuses by an unprecedented margin, kickstarting his bid to win his party’s third consecutive presidential nomination. He did so despite skipping the GOP primary debates and eschewing the retail politicking grind typically demanded by Hawkeye State voters. Here are six takeaways from the Iowa GOP caucuses:‘Very smart, very capable people’Trump speaks at his caucus night watch party in Des Moines. “I can safely say, tonight, Iowa made this Republican primary a two-person race,” she told supporters. Video Ad Feedback GOP strategist on what Iowa caucuses result reveals about Republican voters 00:50 - Source: CNNTrump remains hard to beatEntrance polls showed the breadth of Trump’s support across the GOP’s key constituencies.

Persons: Donald Trump, it’s, Ron DeSantis, Nikki Haley, Haley, ’ Trump, Brian Snyder, Trump, DeSantis, Vivek Ramaswamy, couldn’t, “ It’s, ” Trump, Ramaswamy, It’s, hasn’t, “ We’ve, He’s, ”, bode, Joe Biden, Biden, Jeenah, “ Trump, Alyssa Pointer, he’d, he’s, DeSantis ’, Grassley ” —, Republican Sen, Chuck Grassley, Kim Reynolds, Bob Vander Plaats, who’d, Pete Buttigieg, Vermont Sen, Bernie Sanders Organizations: CNN, Republican Party, Iowa, Hawkeye State, Florida Gov, South Carolina Gov, Trump, Iowa GOP, Reuters, Republican, CNN Trump, College, Biden, West Des Moines, Nevada GOP, South Carolina, DeSantis, GOP, Des Moines Register, Democratic National Committee Locations: New Hampshire, Iowa, Des Moines, Florida, South Carolina, South Carolina –, West Des Moines, West Des, Nevada, Vermont, demote Iowa

"There cannot be any pressure on India to cut down emissions," India's power and renewable energy minister R.K. Singh said on Nov. 30. ASIAN EMISSIONS RISETo be sure, fast-growing Asia, home to half the world's population, accounts for three-fifths of global emissions from power generation, including from sectors exporting goods and services to the west. Despite challenges, Asia, along with Europe and North America, have cut the share of coal in power use, although at a slower pace. Cuts in nuclear power have slowed Europe and North America's fight to reduce emissions, although nuclear's share of their power mix remains well above Asia's. The share of gas in power generation has risen in the West, with the fuel accounting for a shrinking share in Asia.

Persons: Tingshu Wang, R.K, Singh, Hogeveen Rutter, Rutter, ISA's Rutter, Sudarshan Varadhan, Tony Munroe, Sonali Paul Organizations: Huawei, REUTERS, U.S, European Union, North America, International Solar Alliance, Reuters, WEST, North, Institute for Energy Economics, Thomson Locations: Shaanxi, China, Asia, SINGAPORE, America, Europe, India, North America, Paris, North, North America Asia, West Asia, West, Indonesia

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. On a California island, residents and preservationists are feuding over how to protect the habitat for future generations. Plump quails and miniature foxes unique to the island scurry across the dirt roads that wind through scrubby hillsides. Thick pillows of fog roll onshore and coat the leaves of rare plants with dew. But the habitat is suffering because much of the native flora has been ravaged by animals shipped here over the past century for ranching, hunting and filming movies.

Persons: critters Organizations: Channel Locations: California, Catalina, Southern California

Nov. 25, 2023A regular golf cart has no turn signals, no radio, no protection from the elements other than a thin roof and rain flaps. Press the pedal to the floor and it can maybe — maybe — accelerate to 15 miles per hour. If you are 12, commanding that cart feels like power. “You had that little sense of adventure,” said Caroline Lawson, 17, thinking back a few years to her earliest experiences driving a golf cart. “It’s just that little sense of, ‘Whee!’”

Persons: “, ”, Caroline Lawson, It’s, ‘ Locations: Atlanta, Peachtree City , Ga

☆ The Crown, the Cabinet and the UK’s legacy of slavery
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +11 min

British banks backed large parts of the U.S. slavery economy, and British factories were the world’s largest customers for the cotton produced by plantations in southern U.S. states. In 1663, it was granted a monopoly by King Charles II for the British slavery trade. In 1794, Eli Whitney patented the cotton gin, a machine that would transform the U.S. slavery economy. Mill owners including the Arkwrights, one of the richest families in the industry, were Smith family clients. Two British travel writers visited Farm Pen in 1837, when the land was still in Smith family hands.

Persons: ”, Nick Draper, George Smith, King Charles, Hunt, Trevor Burnard, “, ” Burnard, Smith, Edward, René Payne, Payne, John Tunno, John de Ponthieu, … ” Edward Payne, slaveholder John de Ponthieu, de Ponthieu, buryed, King Charles II, John Montagu, Edward Montagu, Montagu, ” John Montagu 11th Earl of Sandwich, Edward Montagu , 1st Earl of Sandwich, Nicholas Radburn, ” Radburn, Brookes, –, Eli Whitney, Rothschild, Geoffrey Clifton, Brown, William, James Brown, James, Clifton, Harriman, Draper, Morgan Chase, Joseph Sturge, Thomas Harvey Organizations: America, University College London, “, Wilberforce Institute, University of Hull, ”, Reuters, Company of Royal Adventurers of, Royal African Company, The Company, Royal Adventurers of, Lancaster University, Traders, Transatlantic, Brown Brothers, Brown, Harriman & Co, Planters Bank of Tennessee, Planters Bank of Mississippi, Rio, Spanish Town Locations: Britain, U.S, British, Caribbean, British Caribbean, America, English, Nottingham, London, West India, Bristol, Liverpool, United States, South Carolina, Charleston, Barbados, Africa, North, Clifton, New York, Louisiana and Mississippi, Louisiana, Jamaica, Kingston, Spanish

☆ Dest must be 'accountable', US coach says after red against Trinidad
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

Dest, 23, assisted Antonee Robinson's opening goal before being sent off in the 39th minute. Trinidad levelled minutes later, with Alvin Jones giving them the lead in the 57th minute. Berhalter said he does not want this situation to become a "witch hunt" and that Dest had apologised to the team. He's going to learn, he's going to grow. "It's something I have to learn from and it won't happen again!," Dest said.

Persons: Sergiño Dest, Andre Raymond, Scott Wachter, Gregg Berhalter, Sergino, Antonee Robinson's, Alvin Jones, that's, Berhalter, it's, Dest, he's, Instagram, Pearl Josephine Nazare, Robert Birsel Organizations: Men's National, Concacaf Quarterfinal, Q2, CONCACAF Nations League, America, Thomson Locations: Austin , Texas, USA, Trinidad, Tobago, Trinidad and Tobago, U.S, Austin, Trinidad . Dest, Bengaluru

The Americans held on to win the total-goals series 4-2 and earn spots in the 16-nation Copa América and the CONCACAF Nations League semifinals. As a team, the players, the staff, we need to hold him accountable.”Dest will be suspended for the Nations League semifinal in March. He missed this year’s Nations League final after getting a red card and a three-game ban for scuffling in the semifinal against Mexico. He’s going to learn. He’s going to grow.

Persons: Sergiño Dest, Tim Ream, “, ” Ream, Antonee Robinson, didn’t, Walter López, Andre Rampersad, “ It’s, Gregg Berhalter, ” Dest, López, Gio Reyna, Ream, Reyna, Turner, that’s, ” Berhalter, we’re, it’s, ”, Michael Kammarman, Philippe Moggio, Alvaro Urrutia, Moggio, Urrutia, “ Serge, he’s, Berhalter, He’s, we’ve, Paul Caligiuri’s, Robinson, Shannon Gomez, Denzil Smith, ” Robinson, ___ Organizations: Copa América, Trinidad, CONCACAF Nations League, U.S, Dest, Nations League, year’s Nations League, Mexico, CONCACAF Locations: United States, Port, Spain, U.S, Austin , Texas, Guatemalan, ” U.S, Costa Rica

☆ March for Israel: Security in Washington, DC, increased for tens of thousands of expected demonstrators
▼ + stars: | 2023-11-14 | by ( Holly Yan | Lauren Mascarenhas | ) edition.cnn.com time to read: +4 min

The Department of Homeland Security has determined the event will require “extensive federal interagency support,” according to law enforcement sources. American support for Israel is critical, said Eric D. Fingerhut, president and CEO of the Jewish Federations of North America. “Israel must eliminate the terrorist threat on its border and restore safety and security to its people,” Fingerhut added. But Israel has agreed to four-hour, daily pauses in military operations in Gaza to allow for evacuations. The website for the “March for Israel” event says organizers have been in touch with law enforcement in the lead-up to the rally and have “retained the services of additional security assets based on recommendations of law enforcement and our security advisors.”

Persons: Muriel Bowser, Eric D, Fingerhut, “, ” Fingerhut, Israel, ” Organizations: CNN, Israel, Department of Homeland Security, US Capitol Police, DC, National Guard, Jewish Federations of North, Conference, Major, Jewish Organizations, Jewish Federations of, Hamas, Palestinian Ministry of Health, UNICEF, Freedom Locations: Washington ,, Israel, Jewish Federations of North America, “ Israel, Gaza, Ramallah, Washington

☆ The Latest News, Headlines, and Business Stories for November 13
▼ + stars: | 2023-11-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what the $650 billion in unrealized losses means for financial firms. That's the unrealized losses US financial firms wracked up as of September 30, according to Moody's estimate. That means there's a lot of wiggle room for how big banks can portray them on their balance sheet. To be sure, big banks are better capitalized than SVB. Big banks' share prices noticeably dropped as bond prices sunk.

Persons: —, it's, Nikolas Liepins, it'd, Matthew Fox, Dow Jones, isn't, Wall, Jim Chanos, Chanos, Ralph Lauren, Expedia, Apple, Dan Clancy, he's, Tyler Le, Tyson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Anadolu Agency, Getty, NFL, Bank, Bank of America, Orrell, CNBC, NBCU, Apple, Big Tech, Professional, Vegas Golden Knights, Stanley, Tyson Foods Locations: Florida, New York City, San Diego, London, New York

Palacios, Texas, is a small town with a rich history of Vietnamese American shrimpers on the Gulf Coast. The famed Texas brown shrimp went in one bucket. The Texas white shrimp in another. Mr. Nguyen, 63, is one of thousands of Vietnamese refugees who settled along the Gulf Coast after the Vietnam War. Along the way, they overcame the trauma of war and displacement, language barriers and deep-seated prejudice from local residents.

Persons: Vinh Nguyen, Nguyen Locations: Palacios , Texas, Gulf, Matagorda Bay, Texas, Vietnam

☆ A rare blue diamond just sold for $44 million at a Christie's auction
▼ + stars: | 2023-11-08 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A rare blue diamond set in a ring sold for $43.8 million at a Christie's auction in Geneva. Christie's said that the 17.61-carat diamond, the Bleu Royal, is among the rarest to exist. AdvertisementAdvertisementA rare blue diamond set in a ring sold for 39.505 million Swiss franc ($43.8 million) at a Christie's auction in Geneva on Tuesday. The 17.61-carat Bleu Royal diamond is pear-shaped and is described as a "Fancy Vivid Blue" gem. "Large, vivid fancy color diamonds are extremely rare and very valuable," according to the Gemological Institute of America (GIA).

Persons: Christie's, —, Denis Balibouse, Reuters Christie's, Cartier, – Organizations: Gemological Institute of America, Service, GIA, Reuters Locations: Geneva

☆ Stocks making the biggest moves midday: Starbucks, Roku, Eli Lilly, Affirm and more
▼ + stars: | 2023-11-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Starbucks — Shares jumped 9.5% after the company posted an earnings and revenue beat in the fiscal fourth quarter. Palantir also raised its revenue guidance to between $2.216 billion and $2.22 billion for the full year. Clorox — Shares rallied more than 6.6% Thursday after the company posted an earnings and revenue beat in the fiscal first quarter. CyberArk's fourth-quarter and full-year earnings guidance also came in above analysts' estimates. Management lowered the company's full-year earnings, revenue and operating margins guidance.

Persons: Roku, SolarEdge, Shopify, Palantir, LSEG, Eli Lilly —, —, Penn, Morgan Stanley, CyberArk's, Papa John's, Sarah Min, Yun Li, Michelle Fox, Pia Singh, Alex Harring Organizations: Starbucks —, Management, Truist, BMO Capital Markets, Guggenheim, Moderna —, Moderna, Penn Entertainment, ESPN, Amazon Business, Marriott, Rockwell Automation — Rockwell Automation Locations: China, America

☆ Advil maker Haleon misses revenue estimates as North America demand drags
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsCompanies Haleon Plc FollowGSK plc FollowNov 2 (Reuters) - Haleon (HLN.L) missed market estimates for third-quarter revenue on Thursday, as the world's largest consumer healthcare firm grappled with weak demand for its painkillers, digestive health and vitamin supplements in North America. For the three months ended Sept. 30, Haleon reported a 5% organic increase in revenue to 2.79 billion pounds ($3.40 billion), but it came slightly below analysts' expectations of 2.83 billion pounds, according to a company-compiled consensus. The company said overall volumes for the quarter declined by 1.6%, while North America revenues fell 7.5% on a reported basis. Haleon, which was carved out of British drugmaker GSK (GSK.L) last year, has been raising prices to offset high costs. ($1 = 0.8215 pounds)Reporting by Eva Mathews in Bengaluru; Editing by Rashmi Aich and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Haleon, Eva Mathews, Rashmi Aich, Gerry Doyle Organizations: New York Stock Exchange, REUTERS, GSK, Consumer, Thomson Locations: New York City, U.S, North America, British, Bengaluru

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. Halloween has become part of the identity of Salem, Mass., which attracts huge crowds and results in a lot of litter. Oct. 29, 2023The list of public nuisances in Salem., Mass., in high Halloween season is long and weird: Rowdy crowds imperiling 17th-century gravestones. Skirmishes over parking spaces at Gallows Hill or the Museum of Torture. Weary of the crunchy plastic carpet underfoot — and wary of their appeal to teens and closet drinkers — a growing roster of cities and towns is moving to ban nips altogether.

Persons: ” Organizations: imperiling, Museum of Locations: Salem, nuisances, Salem ., Massachusetts

☆ Jobs and earnings are major themes next week as we consider more portfolio moves
▼ + stars: | 2023-10-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

But in the end, it's fundamentals that drive earnings and earnings that drive stock prices. Looking ahead to next week, we'll get several important macroeconomic updates along with nine Club earnings reports. Economic releases Next week is Jobs Friday when we get the government's monthly nonfarm payrolls report. Club stock earnings Club name Caterpillar (CAT) reports third-quarter results before the opening bell Tuesday. DuPont (DD) is set to report earnings.

Persons: it's, we'll, nonfarm payrolls, We'll, Estee Lauder, Eli Lilly, BUD, Jerome Powell, Kraft Heinz, WEN, Papa John's, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Caterpillar, GE Healthcare, DuPont, Bausch Health, Starbucks, Apple Watch, VF Corp, GE HealthCare, Pfizer, JetBlue, Anheuser, Busch InBev, Devices, Caesars Entertainment, Cruise, CVS Health, Brinker International, Yum Brands, PayPal, Qualcomm, Mondelez, Novo Nordisk, Barrick, Penn Entertainment, Paramount Global, Marriott, Ferrari, Molson Coors, TAP, Coinbase, Natural Resources, Booking Holdings, International, Monster Beverage, Health, Resources, Dwight, Restaurant Brands, Sempra Energy, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: North America, China, New York City, U.S

☆ How Bank of America trains young grads to work with its richest clients
▼ + stars: | 2023-10-26 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

The private bank division, which has $573 billion in client assets, hired 47 analysts this past summer, up 75% from last year. "That's been feedback from years past," said Miller, who oversees talent development for the private bank. Analysts start client-facing work after five weeks of trainingPrivate bank trainees start with a five-week orientation. The last three weeks focus on the operations of the private bank, and executive leaders come in to meet the analysts. For the first rotation, analysts shadow top private bank advisors.

Persons: isn't, Bank of America's Jennifer Loughlin Miller, Miller, John F, headcount, It's Organizations: of America, Bank of America, Bank of America's, Kennedy Presidential Library, Bank of Locations: New York City, Boston

☆ Seeds of Native Knowledge Grow in North Carolina
▼ + stars: | 2023-10-21 | by ( Jacey Fortin | Mike Belleme | ) www.nytimes.com time to read: 1 min

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. Cherokee, N.C., is a town steeped in Native American history, and a draw for outsiders in search of connection. Oct. 21, 2023There is a mushroom whose beige caps grow wild in the mountains of western North Carolina. But Amy Walker and Tyson Sampson have years of experience. “Tyson can tell you the scientific stuff.

Persons: Amy Walker, Tyson Sampson, Walker, ”, “ Tyson Locations: Cherokee, N.C, North Carolina

In the hills north of Kansas City, Mo., a small abbey has become a destination for Catholics hoping to see a miracle. Sept. 9, 2023In life, Sister Wilhelmina Lancaster was known to her fellow nuns for her devotional poetry, her sense of humor and her fierce piety. “I’m Sister Wil-hel-mina,” she was known to say. When they opened the coffin, expecting to find bones that could be easily cleaned and placed in a new box, they instead found what looked and even felt remarkably like Sister Wilhelmina herself. Her face was recognizable, even after years in a damp coffin, and the sisters said that her beloved habit was “immaculate.”

Persons: Sister Wilhelmina Lancaster, “, Wil, ”, Sister Wilhelmina, Ephesus, Mary , Queen, Wilhelmina Organizations: Benedictines, Kansas City . Locations: Kansas City, Mo, hel, mina, Kansas

☆ ‘Scout’s Honor: The Secret Files of the Boy Scouts of America’ Review: A Predators’ Playground
▼ + stars: | 2023-09-06 | by ( John Anderson | ) www.wsj.com time to read: 1 min

Mark Eaton in ‘Scout’s Honor’ Photo: NetflixThe Boy Scouts of America declared bankruptcy in 2020 in the face of a child-sexual-abuse scandal that, in terms of scale, was larger than that of the Roman Catholic Church. Or so it is claimed at the outset of “Scout’s Honor: The Secret Files of the Boy Scouts of America.” Yes, the Scouts taught skills and virtues to many boys: how to be thrifty, brave, clean and reverent; how not to pitch a tent at the bottom of a hill. At the same time, “It was all just veneer, to mask what was a very dangerous organization.”

Persons: Mark Eaton, “, ” Organizations: Netflix, Boy Scouts of America, Roman Catholic Church, Scouts Locations: ‘

Overall U.S. banks' cash assets were $3.26 trillion as of Aug. 23, up 5.4% from the end of 2022. The SVB failure triggered a sudden dash for cash at banks, which within two weeks had bulked up cash assets to $3.49 trillion, the highest level since April 2022. It has $420 billion in cash and $990 billionof what it calls high quality liquidity assets and other unencumbered securities, it said. "The good news is for some of these banks re-investing cash is that we have pretty high short-term rates," said Mac Sykes, portfolio manager at Gabelli Funds. "It's definitely opportunistic and advantageous to be investing short-term securities."

Persons: Carlo Allegri, David Fanger, Moody's, Brendan Browne, Manan Gosalia, Morgan Stanley, Peter Marshall, Mac Sykes, Saeed Azhar, Ann Saphir, Niket, Megan Davies, Nick Zieminski, Richard Chang Organizations: Bank of America, REUTERS, FRANCISCO, Silicon Valley Bank, Signature Bank, Federal, Graphics, Reuters, JPMorgan, Federal Reserve, Regulators, FDIC, Gabelli, Thomson Locations: Manhattan, New York City , New York, U.S, Silicon

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