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☆ Dollar dips ahead of key US inflation data
▼ + stars: | 2023-04-12 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

SINGAPORE, April 12 (Reuters) - The U.S. dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes. Following last week's solid U.S. jobs data, all eyes are now on the inflation report, with currency moves subdued ahead of the release. A Reuters poll of economists have forecast headline inflation in March to come in at 5.2% year-on-year, down from 6.0% previously, while core inflation likely ticked higher to 5.6%. Meanwhile, Philadelphia Fed Bank President Patrick Harker said he feels that the end of rate hikes may be near. On Tuesday, Chicago Fed President Austan Goolsbee said that the U.S. central bank should be patient about raising interest rates in the face of recent banking sector stress.

☆ Dollar dips ahead of key U.S. inflation data
▼ + stars: | 2023-04-12 | by ( ) www.cnbc.com time to read: +3 min

Five, ten, twenty, fifty and one hundred dollar bills spread outThe U.S. dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes. Following last week's solid U.S. jobs data, all eyes are now on the inflation report, with currency moves subdued ahead of the release. A Reuters poll of economists have forecast headline inflation in March to come in at 5.2% year-on-year, down from 6.0% previously, while core inflation likely ticked higher to 5.6%. "Powell has said numerous times he wants to see a downtrend in underlying inflation, but the data's not providing that yet. Meanwhile, Philadelphia Fed Bank President Patrick Harker said he feels that the end of rate hikes may be near.

What is the bitcoin halving? The event cuts the rewards to bitcoin miners — volunteers running specialized equipment to validate transactions on the network and mint new tokens — by 50%. Currently, bitcoin miners receive 6.25 bitcoin for each block they successfully mine. Once the next bitcoin halving occurs, this reward will be reduced to 3.125 bitcoin. This would correlate with the next expected Bitcoin halving date, which is another 378 days ahead."

☆ Here's a decade-by-decade guide to building wealth
▼ + stars: | 2023-04-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

and founder and director of financial planning at Life Planning Partners in Jacksonville, Florida. You should also start planning for retirement. After that, open a Roth individual retirement account, if your income qualifies, McClanahan said. "You can borrow for college, but you can't borrow for retirement," McClanahan said. Carolyn McClanahan director of financial planning at Life Planning PartnersYou may also have aging parents, so be sure to check on their financial planning, McClanahan said.

☆ Regular investors are set to dump stocks in a big way, Goldman says. Where they're going instead
▼ + stars: | 2023-03-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Instead, those investors will put money into credit and money market assets, analyst Cormac Conner said in a note Wednesday. In addition, it also tests the model against household equity demand less its estimate of hedge fund net equity demand. "Regardless of which of these household demand series we use, household equity demand tends to increase when the savings rate rises and decreases when 10-year yields fall," Conner explained. The firm also predicts the personal savings rate will rise from 4.5% to 5.3% as high interest rates in money market funds attract those searching for income. The average yield on the Crane Data's Crane 100 Money Fund Index , comprising the 100 largest taxable money funds, is 4.42%.

☆ Credit Suisse contagion: Exante Data's Jens Nordvig on what's at stake
▼ + stars: | 2023-03-15 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCredit Suisse contagion: Exante Data's Jens Nordvig on what's at stakeExante's Jens Nordvig makes sense of the Credit Suisse contagion. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.

☆ Morning bid: When meeting expectations isn't enough
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +3 min

That sent the S&P down but the Nasdaq index ended up, while two-year Treasury yields rose to 3.799, the highest since January. It looks like markets are still unable to make up their minds on the data's long-term impact. Officials said the U.S. central bank would need to keep gradually raising interest rates to beat inflation. After the inflation data, traders of interest rate futures now see the Fed raising borrowing costs three more times, bringing the policy rate to the 5.25%-5.50% range by July, if not June. Meanwhile, investors turned more optimistic about the global economy in February, flocking to emerging market stocks and cutting their cash holdings to levels last seen before the war in Ukraine, a BofA survey of global investors showed on Tuesday.

☆ Viking Global adds CSX and Fortinet, exits T-Mobile in the fourth quarter
▼ + stars: | 2023-02-15 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Viking Global swapped out several positions worth hundreds of millions of dollars in an active fourth quarter for the hedge fund, according to securities filings . Viking, which is run by Andreas Halvorsen, revealed several notable new positions, including a stake in CSX worth more than $480 million. Viking Global also exited several large positions during the quarter, including stakes in T-Mobile and Salesforce that were worth about $446 million and $345 million, respectively, at the end of the third quarter. Other large positions that were zeroed out include Parker Hannifin , Take-Two Interactive and Western Digital . The listed equity holdings for Viking Global totaled about $20 billion at the end of the quarter.

☆ David Tepper's Appaloosa buys stakes in Disney, Caesar's Entertainment
▼ + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Billionaire hedge fund manager David Tepper built stakes in two large entertainment companies in the fourth quarter, according to securities filings . Tepper's Appaloosa Management bought 300,000 shares of Disney and 425,000 shares of Caesar's Entertainment during the fourth quarter. Those stakes were worth roughly $26.1 million and $17.7 million, respectively, at the end of December. Elsewhere in the portfolio, Tepper added to his stake in hospital chain HCA Healthcare while trimming his position in Facebook-parent Meta Platforms . It is unclear whether Tepper bought Disney shares before or after Bob Iger returned as CEO in November.

☆ Tiger Global Management trims top tech holdings, adds new position in ZoomInfo
▼ + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Tech-focused hedge fund Tiger Global Management sold large chunks from several of its biggest positions in the fourth quarter , but investor Chase Coleman didn't completely turn his back on the market. Tiger Global trimmed its stake in most of its top holdings, according to securities filings and VerityData's InsiderScore.com. Elsewhere, Tiger Global eliminated positions in RingCentral and Li Auto that were worth about $99 million and $396 million, respectively, at the end of the third quarter. Coleman is one of the so-called Tiger Cub hedge fund managers who worked under Julian Robertson at Tiger Management. Tiger Global was one of the tech-focused hedge funds that was caught offsides by last year's sharp pullback for growth stocks.

☆ Time series data startup InfluxData, used by Tesla and IBM, just raised $81 million in debt and equity with this 19-slide pitch deck
▼ + stars: | 2023-02-08 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Time series data startup InfluxData has raised $81 million in debt and equity. We got an exclusive look at the 19-slide pitch deck InfluxData used to raise the fresh funds. A startup that provides time series data analytics for the likes of Tesla, Cisco, and IBM has raised $81 million in a mix of debt and equity. Time series data refers to information gathered from sources ranging from temperature sensors to high-frequency trading data. In addition, the company has brought in a $30 million debt facility from Silicon Valley Bank.

☆ Investors have tough choices now with yields for money market funds on the rise
▼ + stars: | 2023-02-05 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

The " Fast Money " traders are looking to capitalize on the rising yields in money market funds and dividend-paying stocks. The largest taxable money market funds, as ranked on Crane Data's 100 list, are yielding an average 4.18% as of Feb. 2 — returns not seen since the financial crisis. Money market funds jumped to an all-time record $4.82 trillion in total assets the week ended Feb. 1, according to the Investment Company Institute. Higher-return dividend payers, which carry more risk, may be an option for investors looking for safety right now, too. "I won't hold it against them, however, if they do have a great dividend," Finerman added.

☆ Interest rates are high. Here’s a relatively safe way to squeeze more from your cash
▼ + stars: | 2023-01-25 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Be aware that money market accounts offered by a bank are subject to protection from the Federal Deposit Insurance Corp. This isn't the case with money market funds, which can't guarantee that you won't lose money. When shopping for a money market fund, look for offerings that hold high quality underlying investments, and be sure to keep an eye out for fees. Money market funds that Lawrence likes include the Federated Hermes Prime Cash Obligations Fund (PCOXX) and the Fidelity Tax-Exempt Money Market Fund Premium Class (FZEXX). Unless they're tax exempt, money market fund income is subject to federal, state and local taxes.

☆ New electric cars come with a built-in mystery: Nobody can predict their resale value
▼ + stars: | 2023-01-24 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

But it's hard to say exactly how a used EV depreciates without much historical data. There are many things to consider when evaluating a used EV. Nobody knows how much a used EV is worthThe way that used luxury and non-luxury gas-powered vehicles depreciate might not necessarily apply to used electric cars because of several caveats, according to Edmunds analysts. What data we do have on used EV sale prices may not apply to the cars coming out now. There isn't much used EV data available to know how an EV might depreciate.

☆ This biotech stock can jump more than 90%, Barclays says
▼ + stars: | 2022-12-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Little-known Insmed could take off as one of its drugs with conditional approval and another in development show promise, according to Barclays. Analyst Leon Wang initiated the stock as overweight with a price target of $37, which presents a 94.9% upside from Wednesday's close. The company focuses on pulmonology-focused commercial biotech, with two major medications for bronchiectasis, which is when airways in lungs are widened, and a lung disease. Assuming strong data out of the third trial, Wang said the medication could hit the market in 2025. He said Insmed will likely surpass sales guidance, which was already set for a 30% year-over-year increase, in 2022.

Costlier vegetables drove food inflation up to 10.0% in November from a year earlier, the fastest pace since September 2018, due to supply constraints caused by a typhoon. Excluding the volatile food and energy components, the core CPI rose 6.5%, faster than October's 5.9%. Year-to-date inflation stood at 5.6%, well outside the central bank's 2%-4% target for the year. ING economist Nicholas Mapa said the central bank would likely opt for a 50-basis point rate hike this month, which would take the policy rate (PHCBIR=ECI) to 5.50%. "Demand side pressures persist with revenge spending related items like restaurant and personal services seeing higher inflation," Mapa said in a message on Twitter.

☆ How to create employee-resource groups at your business so both existing and new employees feel welcome
▼ + stars: | 2022-10-27 | by ( Rachel Durose | ) www.businessinsider.com time to read: +6 min

This article is part of Talent Insider, a series containing expert advice to help small business owners tackle a range of hiring challenges. To create a feeling of belonging, entrepreneurs should create employee-resource groups, nine human-resources and diversity, equity, and inclusion leaders told Insider. Nine HR and diversity, equity, and inclusion leaders share their advice for small-business owners interested in starting and supporting employee-resource groups at their companies. "There needs to be a positive outcome for having the ERG group," she said, referring to employee-resource groups. At KPMG, one-third of employees engage in the company's employee-resource groups, Richards added.

☆ Paying off hackers is common, says top Australian govt cybersecurity firm
▼ + stars: | 2022-10-25 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

SYDNEY, Oct 25 (Reuters) - Corporate insurers routinely pay hackers a ransom for the return of stolen customer data, a top Australian government cybersecurity provider said on Tuesday, as the country's biggest health insurer revealed the growing scale of a recent breach. "In what other sphere of life do you see reputable corporates pay millions of dollars to criminals and somehow it's all okay?" On Tuesday, Medibank said the criminal had shown data of another 1,000 customers and added that the number was likely to grow. 2 telco, Singapore Telecommunciations Ltd-owned (STEL.SI) Optus, said last month about 10 million customer accounts, equivalent to 40% of the Australian population, had data taken by a hacker demanding payment. The federal government has meanwhile said it would introduce fines of up to A$50 million for companies on the receiving end of data breaches.

☆ China delayed the release of key economic data to avoid distraction amid the Communist Party Congress, not to conceal data, analysts say
▼ + stars: | 2022-10-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China delayed the release of key economic data, including third-quarter GDP, scheduled for this week. The postponement of the data — GDP in particular — has raised speculation that the numbers are deliberately being hidden. "Beijing just wants everyone and the media coverage to focus on the Congress, not on economic data." While delays in monthly statistical data release are indeed "quite unusual," they are not unprecedented, according to Zhuang. However, it's the first time Beijing is delaying GDP data release.

"Either Twitter is going to fix this, or we'll fix it by any means we can, which includes not buying Twitter ads." Twitter's challenges in identifying child abuse content were first reported in an investigation by tech news site The Verge in late August. Like all social media platforms, Twitter bans depictions of child sexual exploitation, which are illegal in most countries. Ghost Data identified the more than 500 accounts that openly shared or requested child sexual abuse material over a 20-day period this month. Twitter suspended over 1 million accounts last year for child exploitation material, according to the company's transparency reports.

☆ Opendoor is staring down losses after once boasting it wouldn't repeat Zillow's home-flipping fiasco. 5 properties from Phoenix to Atlanta show the trouble it's facing.
▼ + stars: | 2022-09-21 | by ( James Rodriguez | Alex Nicoll | ) www.businessinsider.com time to read: +9 min

The losses are mounting for Opendoor as home prices fall in previously red-hot markets such as Phoenix, Southern California, and Las Vegas. Opendoor cut the listing price three times, ultimately dropping it to $657,000 before the property sold. Opendoor has since cut the listing price five times, most recently advertising the property at $417,000. Records on Zillow indicate Opendoor has reduced the listing price six times. As for the homes Opendoor is buying today, Wu said executives "expect those to perform well and in line with expectations."

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