DIRS.INFO The most relevant business & tech news

☆ Gold gains 1% as dollar rally stalls
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +2 min

Gold prices rose on Monday after last week's sharp declines, as a rally in the dollar paused, while market participants awaited comments from Federal Reserve officials this week for more clues on the U.S. interest rate path. Gold prices rose on Monday after last week's sharp declines, as a rally in the dollar paused, while market participants awaited comments from Federal Reserve officials this week for more clues on the U.S. interest rate path. Spot gold firmed 1% to $2,587.49 per ounce by 0150 GMT, after falling to its worst week in more than three years on Friday. "Gold prices are due for a slight recovery following recent bout of hefty sell-offs and we may expect some drift higher with some rollover in the dollar," said IG market strategist Yeap Jun Rong. This has not been fully priced in by markets yet, so any need for recalibration may still pose an obstacle for gold."

Persons: Yeap Jun Rong, Joe Biden's Organizations: Federal Reserve, Fed, Strong U.S Locations: U.S, Ukraine, Russia

☆ Israel economy rebounds with 3.8% growth in Q3 amid wars with Hamas, Hezbollah
▼ + stars: | 2024-11-17 | by ( ) www.cnbc.com time to read: +2 min

A general view shows the Israeli city of Tel Aviv, on August 12, 2024, amid regional tensions during the ongoing war between Israel and the Palestinian Hamas movement in the Gaza Strip. The war has raged in Gaza since Hamas' Oct. 7, 2023 cross-border attack on southern Israel. Figures issued on Friday showed Israel's inflation rate held steady at 3.5% in September but staying above the government's annual inflation target of 1-3%. Government officials have largely blamed war-related supply issues for the spike in inflation at a time when inflation is largely easing globally. Israeli central bankers have said that further rate cuts, which have begun in the United States and Europe, are unlikely but warned of rate hikes should inflation remain high.

Organizations: Hamas, Central Bureau, Statistics, Government, Bank of Israel Locations: Tel Aviv, Israel, Palestinian, Gaza, Lebanon, United States, Europe

☆ Young adults are holding off on moving out of their parents' house — here's what's behind the trend
▼ + stars: | 2024-11-17 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

Approximately 1 in 3 U.S. adults ages 18 to 34 live in their parents' home, according to U.S. Census Bureau data. The pandemic caused more young adults to return home or remain living with their parents into their late 20s and 30s, but aside from that spike, the numbers have remained fairly consistent in recent years. The 2008 financial crisis, the Great Recession and the pandemic are all examples of economic shocks. More than half of Gen Z adults say they don't make enough money to live the life they want due to the high cost of living, according to a 2024 survey from Bank of America. A significant number of millennials and Gen Z adults lack emergency savings.

Persons: Joanne Hsu, Hsu Organizations: Census, University of Michigan, Federal Reserve, Finance, Bank of America Locations: U.S

☆ Postelection stock market thrust unable to be sustained as rate and valuation worries creep back in
▼ + stars: | 2024-11-16 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX 1M mountain S & P 500, 1 month The S & P is still about 3-4% above levels where chart readers would start to get more concerned about the underlying trajectory. Even in Friday's 1.3% slide in the S & P 500, only two-thirds of all stocks were down on the day and the equal-weight S & P was off a modest three-quarters of a percent. It makes sense that the market wasn't able to summon a sustained thrust of exuberance after the election anxiety evaporated, given the somewhat demanding starting point. A more mature economic and risk cycle and vulnerability to higher rates among smaller, lower-quality stocks mean they aren't likely to lead from here, Pies says. Is the market presciently foretelling an unleashing of transactional fervor that will return Wall Steet's middlemen to their former glory?

Persons: Goldman Sachs, Russell, Jay Powell, Warren Pies, Goldman Organizations: Nasdaq, KBW, ICE, Trump, Federal Reserve, Investors, Bank, 3Fourteen Research, Wall Street Locations: Friday's

☆ 'This looks and feels like the year 2000 to me': Investing legend Rob Arnott says the stock market's record rally reminds him of the dot-com bubble peak
▼ + stars: | 2024-11-16 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He said comparisons to the dot-com peak in 2000 are fair. Advertisement"This looks and feels like the year 2000 to me," Arnott told Business Insider on November 11. But Arnott believes AI optimism, which has driven the lion's share of the rally, is already fully priced in. At 37 times earnings, just below the late-2021 peak of 38, before the market fell by 25%, and the 2000 peak of 43, right in front of a 50% loss. "This is a really, really, really pricey environment, but it doesn't necessarily make me bearish.

Persons: Rob Arnott, he's, Arnott, —, Donald Trump, Trump, disruptors, There's, Goldman Sachs, David Kostin, Michael Hartnett, Hartnett, David Einhorn, Einhorn Organizations: Nvidia, Intel, Chief US, Business, Goldman Sachs Bank of America's Global, Equity, Bank of America, CNBC's, Alpha Locations: irrelevance

☆ These 'best-in-class' stocks are rising fast so buy them quickly, Bank of America says
▼ + stars: | 2024-11-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through Bank of America research to find stocks the bank believes are "best-in-class." They include Carvana , ESAB, Netflix , Texas Roadhouse and Johnson Controls . Texas Roadhouse Analyst Sara Senatore is sticking with shares of the Texas-themed restaurant following earnings in late October. BofA says Texas Roadhouse benefits from low staff turnover, innovative technology and same-store sales that continue to improve. In addition, Senatore called traffic growth "best-in-class" with month-to-month improvement even as the wider industry battles numerous headwinds.

Persons: Jessica Reif Ehrlich, Reif Ehrlich, Sherif El, BofA, ESAB, Sara Senatore, Senatore, Johnson Organizations: Bank of America, CNBC, Netflix, Texas, Johnson Controls, BofA, Gaming, El, JCI Locations: Bank, El, Texas, U.S, North America

☆ What Trump's proposed China tariffs could mean for Apple's profits
▼ + stars: | 2024-11-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

Under a 25% tariff on goods from China, the Wall Street investment bank sees an EPS loss for Apple of 9.2%. Those estimates make Apple the fifth most vulnerable tech company to potential tariffs on goods from China in Morgan Stanley's research coverage. Bank of America analyst Wamsi Mohan agrees, seeing any tariff impact as "manageable." He sees a 60% tariff on Chinese goods possibly resulting in about a 4% hit to Apple's EPS. By contrast, Dell – which he noted looks positioned to be "most vulnerable" to tariffs – could see an EPS impact of up to about 90%, according to his model.

Persons: Donald Trump's, Tim Cook's Apple, Morgan Stanley, Erik Woodring, Trump, Tesla, –, Morgan, it's, Angelo Zino, Zino, Wamsi Mohan, Apple, Bernstein, Toni Sacconaghi, Sacconaghi, It's, BofA's Mohan, Mohan, Jason Snipe Organizations: Apple, Wall, CNBC, of, Bank of America, Dell, Odyssey Capital, Apple Intelligence Locations: China, U.S, India, Vietnam, Malaysia

☆ Ole Andreas Halvorsen's Viking Global opened stakes in two turnaround stories in the third quarter
▼ + stars: | 2024-11-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Ole Andreas Halvorsen's Viking Global bought into two big, second-half turnaround stories in the third quarter. Halvorsen bought almost 1.7 million Starbucks worth $162 million during the quarter. Starbucks shares surged more than 24% the day of the announcement, its best day ever. So far in the fourth quarter, shares have risen less than 1%. Stocks that Viking Global zeroed out in the quarter ranged from Meta Platforms to Dollar Tree to UnitedHealth .

Persons: Ole Andreas Halvorsen's, Halvorsen, Brian Niccol, LSEG, Tesla, Elon Musk, Donald Trump's, Musk, Julian Robertson, Charles Schwab Organizations: Ole Andreas Halvorsen's Viking Global, Tesla, Starbucks, White, Republican, Trump, Tiger Management, Viking, U.S . Bancorp, Visa, Bank of America Locations: Ole Andreas Halvorsen's Viking, Norwegian, American, Chipotle, U.S, UnitedHealth

☆ This is the anti-ESG venture capital firm that Donald Trump Jr. is joining instead of taking a White House role
▼ + stars: | 2024-11-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump Jr. will not take on a White House role, opting instead for the VC firm 1789 Capital. The venture capital firm that Donald Trump Jr. is reportedly joining eschews investments that push social and environmental issues and instead focuses on what it calls "EIG," or entrepreneurship, innovation, and growth. Like 1789 Capital, Trump Jr. has long been a proponent of the parallel economy, also called the "patriot economy," a term used by MAGA conservatives to refer to businesses that align with their traditional values. And Trump Jr.'s connection to Malik, the president of 1789 Capital, includes the pair's mutual support of a parallel economy platform called PublicSquare. Representatives for Trump Jr. through the Trump Organization and the Trump transition team didn't respond to a request for comment from BI.

Persons: Donald Trump Jr, Omeed Malik, Tucker, EIG, —, Tucker Carlson's, Donald Trump's, Omeed Malik —, Christopher Buskirk, Malik, Buskirk, deglobalization, MAGA, Trump, Malik didn't, Tucker Carlson, Jordan Cohen Organizations: The New York Times, Bloomberg, Trump Jr, Bank of America, Farvahar Partners, Trump, Republican National Committee, New York Stock, Time Magazine, Tucker Carlson Network, Fox News, Trump Organization Locations: The Florida, Beach , Florida

U.S. consumers collectively owe an eye-popping $1.17 trillion in credit card debt — a record — according to estimates the Federal Reserve Bank of New York released this week. But while there are still major financial risks for carrying hefty balances, the researchers said the data suggests that “rising debt burdens remain manageable” for the typical consumer. Prices are still going up, but they’re not going up as fast, and incomes are once again going up at a faster rate than expenses. Earnings growth has averaged 6.2% per year since the pandemic began, compared to the cumulative debt balance rising 4% per year. “Especially for higher-risk borrowers, credit card and auto loan delinquencies are the highest in a dozen years, and that’s with unemployment at 4%.

Persons: ’, Donald Trump, they’re, Greg McBride What’s, TransUnion, That’s, ”, Greg McBride, “, McBride Organizations: ’ paychecks, Federal Reserve Bank of New York, New York Fed, Commerce Department, Bureau of Labor Statistics, Bankrate Locations: ’ paychecks . U.S

☆ UK economy ekes out 0.1% growth in the third quarter, below expectations
▼ + stars: | 2024-11-15 | by ( April Roach | ) www.cnbc.com time to read: +3 min

Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. Gross domestic product came in at 0.1% in the three months to September compared to the previous quarter. That's below the 0.2% growth expected by economists polled by Reuters and follows an expansion of 0.5% in the second quarter of the year.

Persons: Mike Kemp, Rachel Reeves, Thiru, Donald Trump, Trump's, Andrew Bailey, I'm Organizations: of England, Getty, Gross, Reuters, National Statistics, Bank of England's, Bank of England, Labour, Finance, Institute of Chartered Accountants, U.S Locations: City of London, London, United Kingdom, The City, U.K, That's, Britain, England, Wales

☆ The Trump trade that could have more to run as overall market loses steam
▼ + stars: | 2024-11-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Bank stocks have popped since President-elect Donald Trump's win, but their move eight years ago suggests this rally still has more upside. Drilling down to bank stocks, specifically, within financials still shows that the group could have room to run. In 2016, bank stocks outperformed by 11.5 percentage points, compared to 6.9 points this year, according to the note. Bank stocks have seen big moves since Trump's win, as investors react to the expectation of a lighter regulatory touch from his administration. And while postelection rally for the broader market has cooled this week , bank stocks still look like one of the bests going forward, Harvey said.

Persons: Donald Trump's, Wells, Christopher Harvey, Harvey Organizations: Trump's, Bank, Bank of America, UST, Trump Locations: financials

☆ Inside the secretive operation helping manage billionaire Steve Schwarzman's vast fortune
▼ + stars: | 2024-11-15 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Schwarzman has called Blackstone his family office, but he has another family office, BI has learned. Inside Schwarzman's secretive family office with a name that harkens back to his childhood. The concept of the family office can be traced to the 1838 founding of the House of Morgan to handle J.P. Morgan's fortune. Every family office, however, is just as unique as the wealthy family that's spawned it, he said. Advertisement"The term family office," Sharpe said, "is possibly the most misused, overused, and poorly used term in finance today."

Persons: Steve Schwarzman, Schwarzman, Blackstone, —, Averell Harriman, Harriman, Brown, Harry Truman, Donald Trump, Christine Hearst Schwarzman, Gwen Stefani, Theo Wargo, Pennypack, Steve Schwarzman's, Blackstone Schwarzman, Pete Peterson, Marc Sharpe, Michael Dell, Sharpe, they're, Stephen A, John Magliano, Magliano, Paul A ., LLCs, tony Easton, Hearst, Alexi Rosenfeld, Trump's, Stephen Schwarzman, Jabin, Tim Sheehy, Montana, Sheehy, Morgan Organizations: Service, Bloomberg, Ford Motor Co, White, New York Public Library, Metropolitan, Bank of America Securities Financial Services, Blackstone, Vanguard, Family Office Association, Dell Computer, BI, Getty, Schwarzman, LinkedIn, Hearst Schwarzman, Art, Federal Communications Commission, MIT, Humanities, Oxford, New York Public, Schwarzman Education Foundation, Tsinghua University, Policy, Washington, Getty Images Locations: New York, Vietnam, Manhattan, Philadelphia, Blackstone, Schwarzman, Pennypack, Delaware, Nantucket , Massachusetts, Nantucket, Schwarzman's, Newport , Rhode Island, Miramar, Wiltshire, England, Newport ., Beijing, China, North America

☆ Former BOE member on what Trump's reelection could mean for the UK
▼ + stars: | 2024-11-15 | 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 EmailFormer BOE member on what Trump's reelection could mean for the UKJohn Gieve, former deputy governor at the Bank of England, speaks to CNBC's Silvia Amaro about monetary policy and Trump tariff implications.

Persons: Former BOE, John Gieve, CNBC's Silvia Amaro Organizations: Former, Bank of England

☆ From clothes to computers, 6 things expected to get more expensive if Trump's trade plans are enacted
▼ + stars: | 2024-11-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +10 min

If implemented, Americans could see prices rise across several product categories. AdvertisementBased on analyses from economists and trade experts, here are the goods that could become more expensive for Americans under Trump's tariff proposals. AdvertisementSome retailers have already announced preparations to increase prices should Trump's tariff plans go into effect. AdvertisementGold said it's unlikely Trump's tariffs would go into effect on day one or day two, and "it's tough to say right now at what point consumers would feel the impact." AdvertisementA report from centrist think tank ThirdWay said that Trump's tariff proposals analyzed eight common purchases that the US either heavily imports or is unable to produce domestically.

Persons: Donald Trump, Trump, —, Mary Lovely, Lovely, There's, Joe Biden, Jonathan Gold, it's, Karoline Leavitt, Tim Boyle, Gold, Philip Daniele, Daniele, Shinji Aoyama, Henrik Elm, Elm, Taylor Rogers Organizations: Trade, Service, Peterson Institute for International Economics, Trump, Consumers, National Retail Federation, Retailers, Bank of America, Columbia, Washington Post, Electronics, Consumer Technology Association, CTA, Honda, General Motors, Ford, Inter Ikea —, Ikea, Reuters, NPR, International Trade Commission, Republican National Committee Locations: China, Mexico, Europe

☆ Why the C-suite is getting so big
▼ + stars: | 2024-11-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +8 min

Beyond the usual top jobs, some organizations now have chief experience officers, chief AI-ethics officers, and chief transformation officers. LinkedIn said in September that those were the fastest-growing C-suite roles on its platform from 2022 to 2023. Janet SherlockBut she said a lineup that includes a chief marketing officer, a chief information officer, and a chief customer-experience officer might indicate insufficient internal coordination. "Do I need a customer-experience officer whenever I have a chief commercial officer, a chief information officer, and a chief marketing officer?" Wiggins said that's why there's more pressure on C-suite leaders to act as a well-informed unit of experts rather than technical specialists.

Persons: Ram Charan, who's, Jason Saltzman, Charan, —, they're, Jensen Huang, Janet Sherlock, Ralph Lauren, Sherlock, Christine Porath, Porath, Dorie Clark, Clark, Ty Wiggins, Russell Reynolds, Wiggins, remits Organizations: Bank of America, Verizon, Technologies, Nvidia, Elon, Tesla, University of North, Chapel, Columbia Business School, Workers, Russell Reynolds Associates Locations: Huang's, University of North Carolina

☆ Memecoin gains will fade as crypto rally presses on. Look to these names instead, says Bank of America
▼ + stars: | 2024-11-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Memecoins have seen some of the biggest gains in the postelection crypto rally, but market leadership could soon flip to more "serious" tokens. "We don't expect the rally to resemble the '17 or '21 bull markets and would fade the rally for 99% of tokens in circulation with no intrinsic value," Shah said in a note this week. "We expect token prices to diverge in the near term as BTC and cash flow-generating tokens that power networks outperform meme tokens." "These tokens power blockchain operating systems, similar to Microsoft Windows, that enable developers to build applications like decentralized exchanges and Web3 platforms on top of them, creating networks with value." Avalanche's AVAX token has gained 36%, and the tokens tied to Uniswap and Polygon have gained 23% and 25%, respectively.

Persons: Memecoins, Donald Trump, Alkesh Shah, Shah, Avalanche's, Memecoin Shiba Inu, Elon Musk, Trump, ", bitcoin, –, Ethereum, It's, it's, — CNBC's Michael Bloom Organizations: Bank of America, BTC, Microsoft Windows, Uniswap, Elon, Government, Securities and Exchange Commission, SEC, Solana Locations: AVAX, Ethereum

☆ Japan GDP expands by 0.3% in third quarter, snapping two quarters of year-on-year declines
▼ + stars: | 2024-11-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Japan's third-quarter real gross domestic product expanded 0.3% year on year, snapping two straight quarters of year-on-year decline, according to government data released Friday. The GDP reading marked a reversal from the revised 1.1% decline seen in the second quarter. The data comes against the backdrop of the Bank of Japan raising rates from 0.1% to 0.25% in July — its highest level since 2008. On a quarter-on-quarter basis, GDP rose 0.2%, in line with Reuters poll estimates, but lower than the 0.5% growth in the second quarter. On an annualized basis, the economy expanded 0.9%, beating estimates of a 0.7% expansion.

Organizations: Bank of Locations: Bank of Japan

☆ Dollar eyes weekly gain on slower Fed easing, inflation outlook
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +4 min

The euro was in turn on track for its worst weekly performance in seven months with a fall of 1.75%. Sterling traded 0.02% lower at $1.2666 and was similarly set to lose 2% for the week, its worst weekly fall since January 2023. Higher trade tariffs and tighter immigration under President-elect Trump's incoming administration are projected to fuel inflation, potentially slowing the Fed's easing cycle longer term. The yen was last 0.2% lower at 156.57 per dollar, on track for a weekly decline of 2.5%. Elsewhere, the Australian dollar eased 0.06% to $0.6450 and was set to lose just over 2% for the week, its worst weekly performance in four months.

Persons: Donald Trump's, Sterling, Jerome Powell, Carol Kong, CBA's, bitcoin, Joshua Chu Organizations: Traders, Commonwealth Bank of Australia, U.S ., Treasury, New Zealand, Hong Kong Web3 Association Locations: U.S, CBA's Kong

☆ The 60/40 portfolio is back. Here’s what experts think could happen next
▼ + stars: | 2024-11-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The global 60/40 strategy has seen a 27% cumulative return since 2022 through Oct. 31, according to Vanguard data. Traditionally, stocks and bonds move in opposite directions, which helps lower the volatility of this traditional portfolio. But that didn't work in 2022, when stocks and bonds both suffered and the 60/40 tanked, which had many declaring the strategy dead. The 60/40 portfolio tends to be shorthand for a balanced, diversified portfolio, with specific allocations based on investors' individual needs. For instance, Morningstar's index that reflects a 60/40 portfolio is up about 15% year to date.

Persons: Todd Schlanger, it's, Dan Lefkovitz, Morningstar, Lefkovitz, doesn't, Amy Arnott, Price, Jared Woodard, Woodard, Morningstar's, Vanguard's Schlanger, Schlanger, … Organizations: Vanguard, Morningstar, Commodities, Bank of America, Fund, Bloomberg U.S, U.S .

☆ Bank of America says Trump's win will unlock small-cap M&A and these stocks may be takeover candidates
▼ + stars: | 2024-11-15 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump's White House victory could boost merger and acquisition activity, and Bank of America thinks a group of small-cap stocks may benefit as target candidates. Financial services company Bread Financial Holdings turned up, having a float of 98% of shares outstanding and three-year sales growth of 28%. The biopharmaceutical company has a float of 99% and three-year sales growth of 105%. Commercial Metals Company also showd up on BofA's screen as a potential target. Commercial Metal's three-year sales growth was 18%.

Persons: Donald Trump's, Russell, that's, Lina Khan, Jill Carey, Irving, steelmaker Organizations: Bank of America, Dow Jones Industrial, Republican, House, Senate, Trump, FTC, GOP, Financial, Bread Financial Holdings, Halozyme Therapeutics, Commercial Metals Company Locations: Columbus , Ohio, Diego, Texas

☆ Warren Buffett's Berkshire Hathaway reveals new bets on Domino's Pizza and Pool Corp.
▼ + stars: | 2024-11-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway purchased stakes in Domino's Pizza and Pool Corp. last quarter. AdvertisementWarren Buffett's Berkshire Hathaway took a bite of the pizza business and jumped into the swimming pool industry last quarter. The famed investor's conglomerate bought a slice of Domino's Pizza worth $549 million at the end of September, a portfolio update revealed Thursday. Buffett and his team also purchased just over 1% of Pool Corp. — a wholesale distributor of swimming pool supplies and related products. Buffett owning a piece of Domino's Pizza seems fitting given his insatiable appetite for fast food and the companies that produce it such as Berkshire-owned Dairy Queen.

Persons: Warren, Berkshire Hathaway, —, Buffett, Kraft Heinz, Todd Combs, Ted Weschler Organizations: Berkshire, Corp, Apple, Bank of America, Service, Pool Corp, Nu Holdings, Charter Communications, American Express, Kraft Locations: Berkshire

☆ 5 charts showing Trump's immense post-election market impact
▼ + stars: | 2024-11-15 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Bank stocks in particular got a lift amid speculation of increased deal activity. Bank of America Global Investment Strategy, EPFR2. Bank of America Global Investment Strategy, EPFR3. Bank of America Global Investment Strategy, EPFR4. Bank of America Global Investment Strategy, Bloomberg5.

Persons: Donald Trump's, Stocks, Michael Hartnett, Gold, Crypto Organizations: Investors, Bank, Bank of America, BofA Global Research, Bank of America Global Investment, Bank of America Global Investment Strategy, Bloomberg Locations: outflows

☆ Asset manager says China's 'extreme valuations' look ideal for stock picking
▼ + stars: | 2024-11-15 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +1 min

That's the view of Caroline Cai, CEO of U.S.-based Pzena Investment Management. "This is really for the first time in the last seven, eight years where we think you're getting paid to expose yourself to China," Cai told "CNBC Squawk Box Asia" this week. The investment firm has ramped up its exposure to Chinese equities in the last two years. "It's not because we have a particularly positive view on longer term Chinese macro, we kind of think things are pretty challenging. "Our view is, if the risk is obvious to everyone, at least you're getting paid to take some exposure," she added.

Persons: Caroline Cai, Cai, we're, Adam Coons, CNBC's Organizations: Pzena Investment Management, CNBC, Winthrop Capital Management, People's Bank of China Locations: China

☆ Sundheim's D1 Capital adds new stakes in GE Healthcare, Bank of America
▼ + stars: | 2024-11-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Sundheim's D1 Capital added positions in GE Healthcare Technologies and Bank of America during the third quarter, a filing Thursday showed. Outside of those new positions and buying more shares of XPO Logistics , D1 Capital was mostly selling its top holdings. The hedge fund sold 22% of its biggest holding, Instacart , and 46% of its stake in cigarette maker Philip Morris . D1 Capital managed about $19 billion as of the end of last year. The extent of other holdings for D1 Capital is unclear.

Persons: Daniel Sundheim, Philip Morris Organizations: Sundheim's, GE Healthcare Technologies, Bank of America, XPO Logistics, D1, GE Vernova, Pfizer, Nu Holdings, Starbucks, Viking Global, D1 Capital Locations: Instacart

Search resuls for: "Bank of"

25 mentions found