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☆ Top market watchers on why there may be a few cracks, the consumer is still not acting like a recession is coming
▼ + stars: | 2023-04-19 | 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 EmailTop market watchers on why there may be a few cracks, the consumer is still not acting like a recession is comingDelano Saporu of New Street Advisors and Max Wasserman of Miramar Capital discuss whether the markets are fully pricing in a potential slowdown in consumer spending and a looming recession.

☆ Florida is ground zero for moving scams where companies demand extra fees — or steal your stuff
▼ + stars: | 2023-04-12 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Moving company scams are on the rise, and almost half originate in Florida. But the Sunshine State is also increasingly home to scammers operating fraudulent moving companies targeting Florida residents and people across the country. No one's regulating," Susan Chana Lask, a New York-based consumer rights attorney who settled a lawsuit last year with a Florida-based moving company, told Insider. Her office announced last November that it had shut down 19 fraudulent moving companies and recovered $27 million in fines and restitution from the scammers. The sharp increase in moving scams across the country has also prompted the Biden administration to announce it's taking action.

NEW YORK, March 17 (Reuters) - Whipsawed U.S. stocks have gained an unexpected ally in recent days - a historic plunge in bond yields. The volatility in fixed income markets has unsettled investors, and falling yields can reflect expectations that the Fed will cut rates because of a hit to growth. The index finished up 1.4% for the week, with strength in technology stocks outweighing sharp declines in bank shares. Tech stocks vs US bond yieldsThe near-term trajectory of yields will likely hinge on next week's Federal Reserve meeting. The S&P 500 trades at 17.5 times forward earnings estimates compared to its historic average P/E of 15.6 times, according to Refinitiv Datastream.

☆ Investors fear inflation, higher yields may make U.S. equities 'dead money'
▼ + stars: | 2023-03-09 | by ( David Randall | ) www.reuters.com time to read: +5 min

Jonathan Golub, managing director at Credit Suisse, is among those with a bleak outlook for equities. "A six-month (Treasury) yield effectively guaranteed at 5.25% changes the dynamics for investors when the stock market looks shaky," he said. "You would need to get risk-adjusted returns in equities of at least 1 or 2 percentage points more than that, so in that environment stocks are not worth the effort and are dead money. Still, stocks have managed to hold onto their year-to-date gains so far even as bond yields have risen, with the S&P 500 up 4% and the Nasdaq Composite up nearly 11%. "You no longer have to hold your nose and invest in stocks because there's no other alternative," he said.

Feb 14 (Reuters) - U.S. federal agents arrested and charged four suspects in Florida for alleged roles in the plot that led to the 2021 assassination of Haitian President Jovenel Moise, authorities said on Tuesday. A person holds a photo of late Haitian President Jovenel Moise, who was shot dead earlier this month, during his funeral at his family home in Cap-Haitien, Haiti, July 23, 2021. Veintemilla, a U.S. citizen, lent over $170,000 to CTU Security to finance their operations in Haiti, officials added. The arrests and charges were reported earlier on Tuesday by the Miami Herald and the New York Times. The resulting violence has left much of the country off-limits to the government and led to routine gun battles with police.

☆ Here's what's happening with home prices as mortgage rates fall
▼ + stars: | 2023-02-10 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +4 min

According to two separate indices existing home prices rose to the highest level in 6 years. Joe Raedle | Getty ImagesThe U.S. housing market cooled off pretty dramatically last year, after mortgage rates more than doubled from historic lows. Now, as demand appears to be coming back into the market, due to a slight drop in mortgage rates, prices are pushing back. But mortgage rates began to fall in December, and prices reacted immediately. Lower mortgage rates are driving the new demand.

☆ Spirit Airlines beats estimates on strong travel demand
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

Feb 6 (Reuters) - Ultra low-cost carrier Spirit Airlines Inc (SAVE.N) posted better-than-expected quarterly results on Monday, fueled by strong demand for air travel despite ongoing economic concerns. Shares of Spirit rose over 7% to $21 in aftermarket trade. U.S. airlines have been trying to cash in on strong demand for air travel, undeterred by rising interest rates and a looming recession, as pandemic restrictions ease. Spirit earned $0.12 per share on an adjusted basis, above analyst estimates of $0.04 per share, according to Refinitiv data. The Miramar, Florida-based airline's total operating revenue in the quarter rose nearly 41% to $1.39 billion, compared with analysts' estimates of $1.38 billion.

☆ Former US Navy fighter pilot explains why TOPGUN fines aviators $5 each time they quote the iconic 1986 film 'Top Gun' starring Tom Cruise
▼ + stars: | 2023-01-02 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

The US Navy's premiere fighter pilot training school, commonly known as TOPGUN, fines people for various infractions. At the Navy's decades-old tactical air combat training center commonly known as TOPGUN, there are fines for various infractions. Any quote from the iconic 1986 film "Top Gun" starring Tom Cruise as the hotshot naval aviator Lt. Pete "Maverick" Mitchell will cost you $5, former fighter pilot and TOPGUN instructor Cmdr. Decades later, the school, since relocated to Naval Air Station Fallon in Nevada, is still producing some of the world's top combat aviators. He is a TOPGUN graduate and former instructor, as well as a retired naval aviator who flew combat missions overseas.

☆ Tropical Storm Nicole snarls travel in Florida, Orlando airport to suspend flights
▼ + stars: | 2022-11-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

This GOES-East GoeColor satellite image taken at 2:36 p.m. EST and provided by NOAA shows Tropical Storm Nicole approaching toward the northwestern Bahamas and Florida's Atlantic coastline on Tuesday, Nov. 8, 2022. Tropical Storm Nicole snarled Florida travel on Wednesday, prompting at least one airport to suspend operations as forecasters warned of "hurricane conditions" for the state's east coast. Orlando International Airport said it would suspend operations from 4 p.m. Miramar, Florida-based Spirit Airlines , said it would waive change fees and fare differences for Fort Lauderdale and Miami flights through Nov. 14 and Orlando flights through Nov. 16. Other airlines including JetBlue , which has a large operation in Fort Lauderdale, and Southwest , American and Delta, also waived fees for travelers affected by the storm.

☆ Earnings have been mostly good. Just avoid the tech wreck
▼ + stars: | 2022-10-26 | by ( Paul R. La Monica | Cnn Business | ) edition.cnn.com time to read: +4 min

Corporate earnings have actually been, to quote "Curb Your Enthusiasm's" Larry David, pretty, pretty good. The Dow was up more than 300 points, or 1%, while the S&P 500 gained 0.6%. what used to be dubbed FAANG stocks before name and ticker changes) make up a big chunk of the weighting of the S&P 500. Nearly three-quarters of the S&P 500 companies that have reported earnings so far have topped forecasts. So the weaker earnings are more a function of higher costs as opposed to a significant slowdown in sales.

☆ REITs are suffering big time as rates rise, but there's opportunity in the carnage
▼ + stars: | 2022-10-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Their underperformance this year can be pinned to rising interest rates, since investors who have REITS for their high dividend yields may dump the assets for risk-free Treasurys. While he had reduced his firm's exposure to REITs due to rising interest rate fears, he's now thinking about increasing that exposure. REITs typically make up 5% to 10% of his firm's 10-year plus portfolio portfolio, with the exposure currently at the lower end of that range. In this environment, companies that are less sensitive to rising interest rates should outperform, said Morningstar's Brown. "They should be less sensitive overall to interest rates movements given that most investors are not in hotel names for the dividend," Brown said.

☆ Spirit Airlines posts loss on surge in costs, expects Florida challenges to continue
▼ + stars: | 2022-08-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Spirit Airlines reported a second-quarter loss as strong travel demand and higher fares weren't enough to overcome a surge in costs. Spirit reported results less than two weeks after it announced it agreed to sell itself to JetBlue Airways for $3.8 billion, ending a monthslong bidding war for Spirit between JetBlue and Frontier Airlines. Miramar, Florida-based Spirit posted a net loss of $52.4 million for the three months ended June 30. In the current quarter, Spirit expects pretax margins between negative 1% and positive 1%, citing capacity constraints in Florida. Still, Spirit said it expanded flying almost 10% in the second quarter compared with the same period of 2019.

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