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☆ Japan still expected to stick to hiking cycle despite PM Ishiba's dovish turn
▼ + stars: | 2024-10-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Despite dovish comments from Japanese Prime Minister Shigeru Ishiba leading to a sharp plunge in the yen , market analysts aren't budging from their Bank of Japan policy expectations for the longer term. The yen slid to as weak as 147.15 against the U.S. dollar on Wednesday, after Ishiba told reporters that the current economic climate does not require an additional rate increase. The prime minister's comments marked a drastic change in tone compared with the messaging on his recent campaign trail. On Thursday morning, BOJ board member Asahi Noguchi said that the central bank should continue its accommodative monetary policy for the time being. He noted that it will take a while to change the public's perception that prices will not increase significantly in the future.

Persons: Shigeru Ishiba, aren't budging, Ishiba, Kazuo Ueda —, Abe Shinzo's, Stefan Angrick, Angrick, Asahi Noguchi Organizations: Bank of, U.S, Bank of Japan, Liberal Democratic Party, Moody's, CNBC Locations: Bank of Japan

☆ CNBC Daily Open: Minor turbulence for the soft landing
▼ + stars: | 2024-10-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Kirk Side | Houston Chronicle | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Port workers along the U.S. East Coast and Gulf Coast started striking Tuesday. Higher oil prices pose a risk to inflation resurging, or at least slowing less than everyone is hoping for. The best-case scenario would be that recent events are just minor turbulence on the way to a soft landing.

Persons: Seabrook . Kirk, Kathy Hochul, Adam Kamins, Christopher Ball, Piper Sandler, Campbell, It's, Steve Liesman, Jeff Cox, Fred Imbert, Lori Ann LaRocco, Sean Conlon, Alex Harring, Brian Evans Organizations: Houston Chronicle, CNBC, U.S ., Gulf Coast, New, Moody's, Quinnipiac University, Nasdaq, Nvidia, Apple Locations: Seabrook ., Port, U.S, U.S . East Coast, New York, New Jersey, Iran, Major U.S, East

☆ Analysts say the US could see $34 billion in damage from Hurricane Helene slamming into Florida, Georgia, and the Carolinas
▼ + stars: | 2024-10-02 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Hurricane Helene has brought with it a hefty price tag. The hurricane cut power for millions of homes and left at least 166 dead across southeast states. In a Monday report, Moody's Analytics projected the damage from the hurricane to be between $20 billion and $34 billion. Related storiesThe hurricane made landfall in Florida on Thursday as a Category 4 hurricane before becoming less intense as it moved through Georgia, North Carolina, and South Carolina. As of early Wednesday, the storm had cut power for 1.2 million homes and businesses across Georgia, South Carolina, and North Carolina, per The AP.

Persons: Helene, —, Adam Kamins, Kamins Organizations: Service, Associated Press, AP, Cellular, National Oceanic, Atmospheric Administration Locations: Sunshine, Florida, Georgia, North Carolina, South Carolina, Tahoe, Gulf

☆ Incoming Japanese Prime Minister Ishiba's economic views 'are not terribly well defined': Moody's
▼ + stars: | 2024-10-01 | 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 EmailIncoming Japanese Prime Minister Ishiba's economic views 'are not terribly well defined': Moody'sStefan Angrick, senior economist at Moody's Analytics, says incoming Japanese Prime Minister Shigeru Ishiba will likely continue Fumio Kishida's policies in the short term.

Persons: Moody's Stefan Angrick, Shigeru Ishiba Organizations: Incoming Japanese, Moody's

☆ East Coast port worker strike will hit every industry, says Moody's John Donigian
▼ + stars: | 2024-10-01 | 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 EmailEast Coast port worker strike will hit every industry, says Moody's John DonigianJohn Donigian, Moody’s senior director of supply chain strategy, joins 'Squawk on the Street' to discuss the economic impact of the port worker's strike, the products likely to be most affected, and much more.

Persons: Moody's John Donigian John Donigian, Moody’s

☆ This is how badly the port strike could wreck the US economy
▼ + stars: | 2024-10-01 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

A port workers' strike from Maine to Texas could deliver a major hit to the US economy. AdvertisementA strike involving port workers from Maine to Texas could inflict major damage to the US economy. The affected ports involve about half of the nation's ocean shipping. Analysts at JPMorgan have said the price tag for shutdowns related to the strike could reach $5 billion a day. Given that it's been decades since a major strike unfolded on the East Coast, he said, many companies were also likely caught off guard.

Persons: —, Adam Kamins, Kamins, Mirko Woitzik, Travis Tokar, Tokar, it's Organizations: Service, Moody's, Fed, JPMorgan, Texas Christian University's Neeley School of Business, kiwis Locations: Maine, Texas, Savannah , Georgia, Charleston , South Carolina, Norfolk , Virginia, New York, West Coast, East Coast

☆ East and Gulf Coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade
▼ + stars: | 2024-10-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

Shipping containers sit stacked in the Port of Newark on September 30, 2024 seen from New York City. Billions in trade came to a screeching halt at U.S. East Coast and Gulf Coast ports after members of the International Longshoremen's Association (ILA) began walking off the job after 12:01 a.m. In a video posted to an ILA Instagram account, Daggett addressed union workers at Maher Terminals in Elizabeth, New Jersey. "Helene caused ports to delay openings at the ports of Charleston and Savannah, as well as power losses at intermodal facilities in Savannah, Charleston, and Atlanta," said Wray. Both economists and logistics executives say the impact of the strike depends on how long the work stoppage lasts.

Persons: Kathy Hochul, Harold Daggett, —, Daggett, Shana Wray, Hurricane Helene, Helene, Wray, Adam Kamins, Kamins Organizations: Gulf, International Longshoremen’s Association, United States Maritime Alliance, International Longshoremen's Association, ILA, Port Authority of New, Maher, CNBC, Logistics, Moody's, Federal Reserve Locations: Port, Newark, New York City, East, U.S, East Coast, Gulf Coast, New York, New Jersey, Boston , New York, Philadelphia, Wilmington , North Carolina, Baltimore, Norfolk, Charleston, Savannah, Jacksonville, Tampa , Miami , New Orleans, Mobile, Houston . New, Maine, Texas, Port Authority of New York, Elizabeth , New Jersey, Hurricane, Savannah , Charleston, Atlanta, Gulf, West Coast

☆ 3 market experts share the 8 companies that will profit the most from AI's insatiable energy appetite
▼ + stars: | 2024-09-26 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Moody's estimates that between 2023 and 2028, the electricity usage in data centers will grow 43% yearly. That's not including the energy-intensive process of constructing even more data centers, which Big Tech is scrambling to do. Business Insider spoke with three market experts to get their thoughts on what companies are best positioned to succeed as AI's appetite for energy strains existing infrastructure. Baker is betting on the utilities and cooling solutions providers that service the energy needs of data centers. New infrastructure needs to be built out, and the existing infrastructure needs to be bolstered, according to Wilhelmus.

Persons: —, Mark Zuckerberg, Jennifer Foster, Foster, Graeme Baker, Baker, Schneider, Jakob Wilhelmus, Wilhelmus, Eaton Organizations: Service, Business, Big Tech, Chilton Investment Company, Broadcom, Marvell Technology, IBM, Schneider, Trane Technologies Locations: Virginia, Freeport, McMoRan

☆ Economic data shows 'tenuous' resilience: Moody's chief economist Mark Zandi
▼ + stars: | 2024-09-26 | 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 EmailEconomic data shows 'tenuous' resilience: Moody's chief economist Mark ZandiMark Zandi, Moody’s Analytics chief economist, joins ‘Squawk on the Street’ to discuss what new jobs numbers say about the economy, the Fed's playbook for rate cuts, and more.

Persons: Mark Zandi Mark Zandi, Squawk

☆ 13 stocks leading the AI revolution poised to turn early infrastructure investment into huge profit growth: Moody's
▼ + stars: | 2024-09-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

The 13 companies identified below have created tangible competitive advantages by investing in AI infrastructure in the early stages or finding a mission-critical niche within the AI value chain. Investing in the AI value chainIt's still early innings for the AI revolution. Next is the cloud services providers, which store data and train AI models in data centers, followed by the AI foundation models that power ChatGPT. Finally, software infrastructure players assist in integrating AI models into the AI application, or end product that consumers use. These players hold considerable market share across multiple layers of the AI value chain, resulting in higher returns as they use AI in multiple business areas.

Persons: —, Vincent Gusdorf, Moody's, Gusdorf Organizations: Service, Business, Big Tech

☆ China-Mexico freight traffic surges in Trump, Biden tariff era, as companies find ways to evade U.S. trade war
▼ + stars: | 2024-09-20 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +16 min

Patrick T. Fallon | AFP | Getty ImagesNew data shows a surge in trade between China and Mexico at a time of tough tariff talk during the presidential campaign. This nearshoring of manufacturing enables companies to change a product's origin of goods, also referred to as the "economic nationality" of a product. Data from freight analytics firm Xeneta shows China to Mexico container trade up by 26.2% from January to July 2024, after growing by 33% in 2023. Mexico is also a member of the Pacific Alliance, a trade bloc formed by Mexico, Chile, Colombia, and Peru. "Bilateral tariffs should be expected to lead to trade diversion, and that's exactly what happened in the aftermath of the trade war.

Persons: Patrick T, Fallon, Jordan Dethwart, Mary Lovely, Anthony Solomon, Simon Cohen, Peter Sand, Donald Trump, Trump, John Piatek, Biden, Piatek, Lovely, Moody's, Elon Musk, Musk, Tesla, Sand, Charles Van der Steene, Van der, Mexico —, Freightos, Erica York, York, Tim Robertson, Ian Arroyo, Arroyo, Saul Loeb Organizations: El, El Paso Sector, AFP, Getty, U.S, Companies, Peterson Institute for International Economics, Henco Logistics, European Union, European Free Trade Area, Pacific Partnership, Pacific Alliance, GEP, Motive, BMW, Ford, GM, Kia, gigafactory, Volvo, Pirelli, Michelin North America, Hyundai, SFK USA, Maersk, Bureau of Transportation Statistics, CNBC, United, Pacific, Port, U.S ., ITS Logistics, Tax, DHL Global, Dana, Afp Locations: El Paso, Mexico, New Mexico, Chihuahua, Sunland Park , New Mexico, China, Redwood Mexico, United States, Canada, U.S, Japan, Israel, Latin America, Chile, Colombia, Peru, USA, propping, Laredo , Texas, El Paso , Houston, San Diego, Monterrey, Fremont , California, Austin , Texas, Americas, Mexican, Monterrey . Mexico, East, lading, Maersk North America, Tijuana, El Paso , Texas, Pacific Coast Port, Lazaro, Laredo, Monterrey , California, U.S . West, U.S . East, Gulf, West Coast, Asia, Mexico City, Warren , Michigan

☆ CNBC Daily Open: Hoping for a half-point cut
▼ + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Without any warning signs flashing red, it's difficult for the Fed to justify lowering rates by more than a quarter point. That's why some economists and analysts hope the Fed will cut by half a point. "But I suspect they'll cut 25," Zandi added.

Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S

☆ CNBC Daily Open: Hoping for a 50-basis-point cut
▼ + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S

☆ Markets are poised for a 50bps cut, but this is a 'much more cautious Fed', says Moody's Mark Zandi
▼ + stars: | 2024-09-17 | 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 EmailMarkets are poised for a 50bps cut, but this is a 'much more cautious Fed', says Moody's Mark ZandiMark Zandi, Moody’s, joins 'Fast Money' to talk what he would like to see from the Federal Reserve moving forward.

Persons: Mark Zandi Mark Zandi Organizations: Markets, Federal Reserve

☆ An 'AI apocalypse' is coming to investing. How financial advisors can prepare
▼ + stars: | 2024-09-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Artificial intelligence is expected to transform the way companies do business, including those in financial planning and investment management. That means financial advisors need to get onboard or risk being left behind. Of course, financial advisors have been using some technology, like financial planning software, for years. Still, AI will help financial advisors do their jobs better — not necessarily put them out of work. What to do Nexus Strategy's Welsh believes financial advisors should begin getting comfortable with current AI capabilities.

Persons: Craig Iskowitz, Anthropic's Claude, Vincent Gudsdorf, Leo Kelly, Verdence, Kelly, Timothy Welsh, Welsh, Iskowitz, That's, Verdence's Kelly, It's Organizations: Ezra Group, AIs

☆ The Fed's biggest interest rate call in years happens Wednesday. Here's what to expect
▼ + stars: | 2024-09-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +7 min

The meeting wraps up Wednesday afternoon, with the release of the Fed's rate decision coming at 2 p.m. "I hope they cut 50 basis points, but I suspect they'll cut 25. Here's a breakdown of what's on tap:The rate waitThe FOMC has been holding its benchmark fed funds rate in a range between 5.25%-5.5% since it last hiked in July 2023. The 'dot plot'Perhaps just as important as the rate cut will be the signals meeting participants send about where they expect rates to go from here. In June, FOMC members penciled in just one rate cut through the end of the year.

Persons: Jerome Powell, William McChesney Martin Jr, Andrew Harnik, they'll, Mark Zandi, that's, Tom Simons, Zandi, Robert Kaplan, There'll, Seema Shah, FOMC, Moody's, Goldman Sachs, Powell presser, Goldman, Simons Organizations: Federal Reserve, Committee, Moody's, Wall, Jefferies, Dallas Fed, CNBC, Asset Management Locations: Washington , DC

☆ It looks like the commercial real estate market has finally bottomed out — and experts say it's time to invest
▼ + stars: | 2024-09-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewThe embattled commercial real estate market may finally have a few things going its way, according to recent data. AdvertisementAnd yet, lending volumes are slightly improving, Moody's said. As these lenders are most exposed to commercial real estate, some analysts have warned that hundreds of banks risk failing in the next few years. Now, some see opportunity in the real estate market. "We think this will be an attractive vintage for real estate credit," analysts Matt Salem and Dakota Sagnelli wrote, later adding: "A growing number of commercial real estate transactions should increase the number of opportunities to lend, while the dearth of bank capital should keep yields attractive and spreads relative to corporate credit elevated."

Persons: —, Moody's, they've, Matt Salem, Dakota Sagnelli Organizations: Service, Business, Wall, KKR Locations: Dakota

☆ It looks like the commercial-real-estate market has finally bottomed out — and experts say it's time to invest
▼ + stars: | 2024-09-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewThe embattled commercial-real-estate market may finally have a few things going its way, according to recent data. That left owners with harder-to-pay debt, made worse by high interest rates and tighter bank lending. AdvertisementYet lending volumes are slightly improving, Moody's said. Related storiesMoody's expects bank lending to turn positive by the end of 2024. As these lenders are most exposed to commercial real estate, some analysts have said that hundreds of banks risk failing in the next few years.

Persons: —, Moody's, they've, Matt Salem, Dakota Sagnelli Organizations: Service, Business, Wall, KKR Locations: Dakota

☆ What you need to know about Kamala Harris' 'opportunity economy'
▼ + stars: | 2024-09-11 | by ( Kwan Wei Kevin Tan | Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +7 min

Read previewVice President Kamala Harris says she has a plan for America's middle class— building an "Opportunity Economy" to help them succeed. "Vice President Harris grew up in a middle class home as the daughter of a working mom. She believes that when the middle class is strong, America is strong," the Harris campaign wrote in a section titled "Build an Opportunity Economy and Lower Costs for Families." But just what exactly is Harris looking to do when she says she's going to build up the middle class through her "Opportunity Economy" agenda? During the debate, Harris accused Trump of only wanting to offer tax breaks to the richest people, while Trump countered by saying Harris lacked a detailed plan.

Persons: —, Kamala Harris, Harris, Donald Trump, she's, Biden, Trump, Alice Tecotzky, Goldman Sachs Organizations: Service, Business, Trump, American, Biden, Pharma, New York Times, Siena College Locations: America, North Carolina

☆ Water shortages are likely brewing future wars — with several flashpoints across the globe
▼ + stars: | 2024-09-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

The Stockholm International Water Institute (SIWI), a non-profit with expertise in water governance, has said that even amid a possible rise in social conflicts and violence, "water can be a bridge to peaceful negotiations rather than a trigger or weapon of war." The severity of the global water crisis has been further underlined by an alarming rise in the number of security incidents. Egypt-Ethiopia tensionsVillanova University's Galgano identified nine international river basins as flashpoints in which conflict is either already taking place or the potential for armed conflict is high. These included the Nile Basin in Africa, the Tigris-Euphrates River Basins of southwestern Asia and the Helmand and Harirud Rivers along the border of Afghanistan and Iran. Major international river basins in conflict.

Persons: Hamed, Francis Galgano, You've, you've, Galgano, Idrees Mohammed, Villanova University's Galgano, Harirud Rivers, GERD, They've, Recep Tayyip Erdogan, Hussein Faleh Organizations: Afp, Getty, Villanova University in, CNBC, Department, Environment, Villanova University, Stockholm International Water Institute, World Resources Institute, Bharatiya Janata Party, BJP, Control, Villanova Locations: Lake Urmia, Iran, Villanova University in Pennsylvania, transboundary, Stockholm, Bengaluru, Mexico's, Tehran, India, Egypt, Ethiopia, Africa, Asia, Helmand, Harirud, Afghanistan, Turkey, Syria, Iraq, Iraq's, Basra

☆ Economist Paul Krugman defends Harris' price-gouging plan — but 'Shark Tank' star Kevin O'Leary calls it a 'horror film'
▼ + stars: | 2024-08-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. What works is to flood the market with supply: lots of oil means lower oil prices, lots of labor means lower labor prices, lots of whatever means lower prices — it's a simple supply and demand curve. Obviously, this is a populist political gesture — a way to offer something to voters upset about high food prices. Krugman noted that many states including Texas have laws banning businesses from overcharging for essentials like food and fuel during disasters.

Persons: —, Kamala Harris, Harris, Lindsay Owens, Donald Trump, Mark Zandi, Kamala, Dave Ramsey, It's, cramp, Kevin O'Leary, there's, That's, There's, O'Leary, it's, Kamala Harris's, Gus Ruelas, Paul Krugman, I've, Richard Nixon, Nicolas Maduro, Krugman, Brian Cornell, Cornell Organizations: Service, Democratic, Business, Federal, CBS, Republican, York Post, Fox, Netflix, Fox News, Laureate, Princeton, New York Times, CNBC Locations: York, America, Cuba, Venezuela, North Korea, Soviet Union, Texas, overcharging

☆ Kamala Harris Has Shed Biden's Economic Record, Could Beat Out Trump
▼ + stars: | 2024-08-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +12 min

When people say they're concerned about "the economy," it can mean a lot of things — grocery prices, gas prices, housing prices, healthcare. For one thing, it's not clear that voters think Harris, as vice president, has had much involvement in Biden's economic policies. People remember the Trump economy as a better time — interest rates were lower, prices were lower, houses seemed more affordable. AdvertisementThe task for Harris now is to lay out an economic identity and agenda before others beat her to it. The Trump campaign and the GOP are trying to tie her to the negative feelings around the Biden economy, to affordability and inflation.

Persons: Kamala Harris, Joe Biden's, Harris, Kamala, Donald Trump, Bill Clinton's, Jim Carville, —, it's, Biden, Trump, Harris — Trump, Evan Roth Smith, Smith, Eli Yokley, Mark Zandi, Tim Walz, Minnesota, Yokley, Whit Ayres, Donald Trump's, she's, He's, Bharat Ramamurti, Emily Stewart Organizations: Democratic, Republican, Financial Times, University of Michigan's Ross School of Business, Trump, Biden, Lake Research Partners, Democrat, Voters, Morning, Federal, Moody's, House, Democrats, National Economic, GOP, Business Locations: China, California, Las Vegas

☆ The 10 most affordable places to live in the U.S. based on quality of life, the job market and more
▼ + stars: | 2024-08-13 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

To afford life in a big city like San Francisco, California, you'd have to make double what most Americans earn, according to a May Moody's Analytics analysis. U.S. News and World Report released its ranking of the cities with the lowest cost of living, based on the median gross rent and annual housing costs for mortgage-paying homeowners. The ranking used data from sources including the U.S. Census Bureau, the FBI and the U.S. Department of Labor. The data was categorized into four indexes:Quality of life: How satisfied residents are with their daily livesHow satisfied residents are with their daily lives Value: How comfortably the average resident of each city can afford to live within their meansHow comfortably the average resident of each city can afford to live within their means Desirability: Which ranked cities people would most like to liveWhich ranked cities people would most like to live Job market: The strength of each city's job marketEach index was given a score of 0-10.

Organizations: . News, U.S . Census Bureau, FBI, U.S . Department of Labor Locations: San Francisco , California

☆ Trump quiet on markets after stock rebound robs him of 'Kamala Crash' attack line
▼ + stars: | 2024-08-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Republican presidential nominee and former U.S. President Donald Trump holds a campaign rally in Harrisburg, Pennsylvania, U.S., July 31, 2024. It requires steady leadership — the kind President Trump delivered for four years." Trump published at least nine separate posts on Truth Social Monday, blaming the stock market slump on the administration's policies under President Joe Biden and Harris. "THIS IS THE TRUMP STOCK MARKET," Trump wrote in an all-caps Truth Social post, "BECAUSE MY POLLS AGAINST BIDEN ARE SO GOOD THAT INVESTORS ARE PROJECTING THAT I WILL WIN, AND THAT WILL DRIVE THE MARKET UP." "Former President Trump is the first to do that," Zandi added.

Persons: Donald Trump, Kamala Harris, Harris, Kamala, KAMALA, Trump, Ohio Sen, JD Vance, Joe Biden, Dow, Biden, Mark Zandi, Zandi Organizations: Republican, Dow Jones, Dow, Federal Reserve, Trump, Democratic, TRUMP, CNBC, BIDEN, WIN, Voters Locations: Harrisburg , Pennsylvania, U.S

☆ Where BlackRock's Rick Rieder sees income opportunity amid the market volatility
▼ + stars: | 2024-08-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

As investors search for income amid the market volatility, high-yield bonds are an attractive place to be, according to BlackRock's Rick Rieder. Meanwhile, credit spreads in corporate and high-yield bonds — which have been tight — are widening . Bonds rated BB+ and lower by Standard & Poor's and Fitch, as well as those rated Ba1 by Moody's, are considered high yield. Rieder also manages the BlackRock Flexible Income ETF , which has about 20% of its portfolio in high-yield credit, its second-largest sector holding. BINC YTD mountain BlackRock High Yield ETF year to date He has been reducing some exposure to investment grade bonds.

Persons: BlackRock's Rick Rieder, Stocks, Bonds, Fitch, Rieder Organizations: Dow Jones, Treasury, Poor's, Moody's, SEC, Federal Locations: BlackRock

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