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☆ Only 5 percent chance of S&P getting above 4,400 this year, says Leon Cooperman
▼ + stars: | 2023-01-05 | 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 EmailOnly 5 percent chance of S&P getting above 4,400 this year, says Leon CoopermanLeon Cooperman, Omega Family Chairman and CEO, joins 'Closing Bell: Overtime' to offer his outlook for the markets, the Fed and inflation.

☆ Market doesn't have to hit new lows due to frothiness, says Hightower’s Stephanie Link
▼ + stars: | 2023-01-05 | 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 EmailMarket doesn't have to hit new lows due to frothiness, says Hightower’s Stephanie LinkHightower’s Stephanie Link joins 'Closing Bell: Overtime' to react to legendary investor Leon Cooperman's earlier comments on the market.

☆ Watch CNBC's full interview with the Omega Family Office's Leon Cooperman
▼ + stars: | 2023-01-05 | 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 EmailWatch CNBC's full interview with the Omega Family Office's Leon CoopermanLeon Cooperman, Omega Family Office chairman and CEO, joins 'Closing Bell: Overtime' to offer his outlook for the market, the Fed and inflation.

☆ Leon Cooperman says new bull market isn't coming anytime soon, but he's finding cheap stocks to buy
▼ + stars: | 2023-01-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman said he's still holding a cautious view on stocks and the economy, but he's finding cheap stocks to buy after the recent correction. "I would basically take the position that we're in a market of stocks rather than a stock market," Cooperman said on CNBC's " Closing Bell Overtime " Thursday. "I think anybody looking for a new bull market anytime soon is looking the wrong way." I just have low expectations for the market," Cooperman said. "The inflation rate has come down quite dramatically.

☆ Stock futures rise slightly as investors look ahead to Friday's jobs report
▼ + stars: | 2023-01-05 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. stock futures rose slightly on Thursday night as investors looked ahead to the December jobs report Friday. Dow Jones Industrial Average futures rose by 42 points, or 0.13%. S&P 500 and Nasdaq 100 futures climbed 0.19% and 0.21%, respectively. During the regular session Thursday, the Dow Jones Industrial Average fell 339.69 points, or 1.02%. Traders are anticipating the December jobs report before the bell Friday.

"It always rains a lot here, it's very cold and it's January and it feels like summer," said Bilbao resident Eusebio Folgeira, 81. French tourist Joana Host said: "It's like nice weather for biking but we know it's like the planet is burning. Scientists have not yet analysed the specific ways in which climate change affected the recent high temperatures, but January's warm weather spell fits into the longer-term trend of rising temperatures due to human-caused climate change. "The record-breaking heat across Europe over the new year was made more likely to happen by human-caused climate change, just as climate change is now making every heatwave more likely and hotter," said Dr Friederike Otto, climate scientist at Imperial College London. French national weather agency Meteo France attributed the anomalous temperatures to a mass of warm air moving to Europe from subtropical zones.

☆ Rystad: Oil prices will likely average $90 a barrel this year, but there could be a lot of downside momentum early on
▼ + stars: | 2023-01-03 | 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 EmailRystad: Oil prices will likely average $90 a barrel this year, but there could be a lot of downside momentum early onJorge Leon of Rystad Energy discusses the factors that could impact the direction of oil prices in 2023, including global recession, China demand and further supply issues caused by Russia.

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

☆ 15 dead, 47 injured in Mexico bus crash
▼ + stars: | 2022-12-31 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

MEXICO CITY — Fifteen people are dead and 47 are being treated for their injuries after a bus carrying holiday season tourists flipped on a highway in Mexico’s Pacific coast state of Nayarit, authorities said Saturday. Officials in the nearby state of Guanajuato said all the passengers were from the same city, Leon, in that state. It is not unusual for friends, relatives or neighbors in Mexico to pool their money to rent a bus for beach vacations. Forty five of the injured were being treated at local hospitals, and there was no immediate information on the condition of the wounded. In the past, such crashes have often been caused by poor maintenance of rental buses, bad weather or highway conditions, or speeding.

☆ Oil set to end turbulent 2022 with second annual gain
▼ + stars: | 2022-12-30 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

FILE PHOTO: A view shows Chao Xing tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. “Next year is set to be another year of uncertainty, with plenty of volatility.”On Friday, Brent crude was up 32 cents, or 0.4%, to $83.78 a barrel by 0915 GMT. So I think oil prices may fall to $60 next year,” he said. Oil’s fall in the second half of 2022 came as central banks hiked interest rates to fight inflation, boosting the U.S. dollar. 2 consumer in 2022 posted its first drop in oil demand for years.

☆ Oil set to end volatile 2022 with second annual gain
▼ + stars: | 2022-12-30 | by ( Laila Kearney | ) www.reuters.com time to read: +2 min

FILE PHOTO: A view shows Chao Xing tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana MeelCrude surged in March with international benchmark Brent reaching $139.13 a barrel, the highest since 2008, after Russia’s invasion of Ukraine upended global crude flows. U.S. crude was set to rise about 5% in 2022, following last year’s gain of 55%. “So I think oil prices may fall to $60 next year..Oil’s decline in the second half of 2022, largely on rising interest rates to fight inflation, boosted the U.S. dollar. The world’s top oil importer and second biggest consumer in 2022 posted its first drop in oil demand for years.

☆ Oil set to end turbulent 2022 modestly higher
▼ + stars: | 2022-12-30 | by ( Florence Tan | Emily Chow | ) www.reuters.com time to read: +3 min

FILE PHOTO: A view shows Chao Xing tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. Brent looked set to end the year with a 7.6% gain, after jumping 50.2% in 2021. So I think oil prices may fall to $60 next year,” he said. Oil prices cooled quickly in the second half this year as central banks across the world hiked interest rates to fight inflation, boosting the U.S. dollar. Also, China’s zero-COVID restrictions, which were only eased in December, squashed oil demand recovery hopes for the world’s No.

☆ Wall Street's biggest investors are all but sure of a recession next year. Here’s where they are hiding out
▼ + stars: | 2022-12-29 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

For investors looking for a way to ride out the storm in one piece, here are where the biggest investors are hiding out. Emerging markets Bond King Gundlach said it's time to buy emerging market stocks as the dollar has likely hit its peak. Cash Cash, one of the most hated corners of the market for years, has gotten some newfound love as risk assets remain stuck in a rout. Buying safe government bonds allows investors to shop for riskier, more opportunistic credits in the market, Gundlach said. Spreads on non-Treasurys have widened, including guaranteed mortgages, junk bond yields, emerging market debt and asset back securities, he added.

☆ NHL roundup: Wings escape 4-goal hole, top Pens in OT
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +4 min

Dylan Larkin, Joe Veleno, Jonatan Berggren and David Perron also scored and Lucas Raymond had two assists for the Red Wings, who won their second straight game. In Tampa Bay's fifth straight home victory, Alex Killorn and Brandon Hagel tallied while Victor Hedman had two assists. Flames 3, Kraken 2Jonathan Huberdeau scored the tiebreaking goal with eight minutes remaining as Calgary won at Seattle. Adam Henrique scored two goals for Anaheim, the 25th multi-goal game of his career, while Terry and Zegras each assisted on both goals. Mark Stone and Ben Hutton scored for the Golden Knights, who lost consecutive road games for the first time this season.

☆ CFRA double upgrades Netflix, says competitors catching up will be 'difficult' even without streaming sports
▼ + stars: | 2022-12-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Netflix 's stock will perform well going forward even without airing a major sporting event, according to CFRA. Analyst Kenneth Leon double-upgraded the stock to buy from sell while raising the price target by $85 to $310. While the previous price target implied a downside of about 18% over where the stock closed Wednesday, Leon's new target reflects the potential for a 12% upside. "We think it will be difficult for competitors to catch NFLX, one of the few profitable streaming providers with global scale." But the average price target is slightly below Leon's at $302.89, which implies a 9.4% upside.

☆ What’s Your Savings Rate? These Banks Are Paying 10 Times the National Average
▼ + stars: | 2022-12-28 | by ( ) www.wsj.com time to read: +9 min

Savings accounts have followed suit, with many top accounts yielding 3%, or even 4%, up from less than 1% earlier this year. The average savings account still earns just 0.3%, according to the Federal Deposit Insurance Corp. Accordingly, the highest APYs you can expect to find on savings accounts today are clustered close to that figure. If your main priority is simply the best rate, some online banks with less name recognition are pushing the envelope even further. Leon says digital institutions tend to be among the most competitive in their rates for CDs as well as savings accounts.

☆ A long-term illness crisis is threatening the UK economy
▼ + stars: | 2022-12-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

Leon Neal/Getty ImagesLONDON — Along with sky-high inflation and energy costs, a Brexit-related trade tailspin and a recession in progress, the U.K. economy is being hammered by record numbers of workers reporting long-term sickness. Unlike other major economies, recent U.K. data shows no sign that these lost workers are returning to the labor market, even as inflation and energy costs exert huge pressure on household finances. The U.K. avoided mass job losses during the Covid-19 pandemic as the government's furlough program subsidized businesses to retain workers. "The U.K. was particularly vulnerable because of austerity — NHS waiting lists were rising sharply, and performance/satisfaction was falling sharply, well before the pandemic," Portes said. However, the report noted that this isn't a recent phenomenon, and the waiting list has been growing rapidly since 2012.watch now

☆ European shares gain on China recovery optimism
▼ + stars: | 2022-12-27 | by ( Bansari Mayur Kamdar | ) www.reuters.com time to read: +2 min

The pan-European STOXX 600 index (.STOXX) gained 0.4% to start the holiday-shortened week higher. China on Monday said it would drop its quarantine requirements for inbound visitors, further easing three-year border controls aimed at curbing COVID. While London and Dublin markets remained closed for the Christmas holiday, most European bourses advanced in early trading. Miners (.SXPP) and energy stocks (.SXEP) added 1.0% and 1.4%, respectively, as commodity prices jumped on hopes of demand recovery in top consumer China. Industrials (.SXNP) and banks (.SX7P) gained for a second straight session, lifting the broader European index.

☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ Leonteq lowers profit expectations on reduced demand
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Dec 27 (Reuters) - Swiss fintech Leonteq (LEON.S) said on Tuesday that it was lowering its profit expectations for 2022 due to reduced client demand in the second half of the year. "Leonteq continued to register reduced client demand on the back of an overall challenging market environment but recorded stable monthly net fee income over the same period," it said. The company said it expects to report a group net profit for 2022, without giving any exact numbers. Its previous guidance was that it would exceed the prior year's group net profit of 155.7 million Swiss francs ($167.3 million). ($1 = 0.9305 Swiss francs)Reporting by Noele Illien; Editing By Tom Hogue, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ How Bank of America achieved a massive comeback from the brink of collapse
▼ + stars: | 2022-12-27 | by ( Nathaniel Lee | ) www.cnbc.com time to read: +2 min

"If the government did not intervene for Bank of America and the other banks, Bank of America would have failed." The bank reported net income of $31.9 billion in 2021, compared with just $4 billion in 2008. "This is unique to the banking industry and Bank of America being one of the largest banks, stands to benefit the most." "The big change at Bank of America is that they have gone from irresponsible growth to responsible growth," said Mayo. "One key aspect of Bank of America's responsible growth is to say no and no more often," explained Mayo.

☆ Oil rises after Russia says it could cut output due to price cap
▼ + stars: | 2022-12-23 | by ( ) www.cnbc.com time to read: +1 min

Oil prices rose by $2 per barrel on Friday after Moscow said it could cut crude output in response to the G7 price cap on Russian exports, putting the market on track for a second week of gains. Russia may cut oil output by 5%-7% in early 2023 as it responds to price caps, the RIA news agency cited Deputy Prime Minister Alexander Novak as saying on Friday. "Crude prices are higher as energy traders focus on Moscow's response to the price cap put on Russian oil and not so much the thousands of flight cancellations that will disrupt holiday travel," OANDA analyst Edward Moya said. On Thursday, benchmark oil prices fell as flights were scrapped. "As U.S. crude oil inventories fall and winter storms hit the U.S., cold temperatures are expected to extend southward to Texas, Florida, and the Eastern states.

☆ Virginia on track to send first Black woman to Congress
▼ + stars: | 2022-12-22 | by ( Zoë Richards | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

State Sen. Jennifer McClellan is on track to become the first Black woman to represent Virginia in Congress after she won the Democratic primary Thursday to fill the seat of Democratic Rep. Donald McEachin, who died last month from cancer. Lamont Bagby, the chair of the Virginia Legislative Black Caucus, in the primary. Morrissey resigned from his state House seat in 2014, but he then ran for that same seat as an independent and won in 2015 — while serving time in jail. Democratic Sen. Tim Kaine of Virginia also threw his support behind her. McClellan had also won the support of other Black leaders in the district, including Richmond Mayor Levar Stoney.

Dec 22 (Reuters) - Tesla (TSLA.O) Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years. His comments came after a Tesla stock sell-off deepened on Thursday over worries about softening demand for electric cars and Musk's distraction with Twitter and his stock sales. "I won't sell stock until I don't know probably two years from now. Musk has previously made promises about not selling Tesla stock before subsequently selling it. "(Twitter) is maybe 10% of the complexity of Tesla," Musk said.

Dec 22 (Reuters) - Tesla (TSLA.O) Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for another two years. Musk has previously made promises about not selling Tesla stock before subsequently selling it. "I needed to sell some stock to make sure, like, there's powder dry...to account for a worst case scenario," the billionaire said. Musk said that Tesla is close to picking the location of its new "Gigafactory." "(Twitter) is maybe 10% of the complexity of Tesla," Musk said.

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