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It's time to rethink bonds, according to the BlackRock Investment Institute, which said "the lure of fixed income is strong" right now. The research arm of BlackRock , one of the world's largest asset managers, urged investors to favor investment-grade bonds, short-term government debt and inflation-linked bonds amid recession fears and higher-for-longer inflation. "Higher yields are a gift to investors who have long been starved for income. "Investors also will increasingly ask for more compensation to hold long-term government bonds — or term premium — amid high debt levels, rising supply and rising inflation." The BlackRock Investment Institute has raised its overweight position on investment-grade credit, but remains underweight on long-term government bonds.

☆ Analysis: 'Sorcerer' Ramos dazzles with hat-trick in first World Cup start
▼ + stars: | 2022-12-06 | by ( Karolos Grohmann | ) www.reuters.com time to read: +3 min

Ramos could not have hoped for a more magical night in Qatar, having made his international debut only three days before the World Cup started. Ramos had only featured for 10 minutes in total in Portugal's World Cup group matches but earned a surprise start when Santos opted to leave the country's all-time top scorer Ronaldo on the bench and take a risk with the youngster. Ramos is neither the muscular package that is Ronaldo nor does he play as far forward as the Portugal captain. While thousands of fans at Lusail stadium repeatedly chanted 'Ronaldo' 'Ronaldo', hoping to see the superstar in action, Ramos became the first player to score a hat-trick in his first World Cup start since Germany's Miroslav Klose 20 years ago. But by then a new Portugal hero, no longer the sorcerer's apprentice, had stolen the show with a memorable performance.

☆ BlackRock unit tells investors it's time for a new portfolio playbook
▼ + stars: | 2022-12-02 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Work your cash; buy bonds Chaudhuri said it was time to rethink the role of bonds, as a higher-rate environment sees fixed income yields rise. BlackRock also said investors can earn income in the "comparative safety" of cash-like instruments through ultra-short duration securities. Reallocate away from growth stocks Growth stocks, such as Big Tech, were an investor favorite in an era of low rates. But this year, tech stocks have been among the worst-performing sectors . Live with inflation Inflation is set to stick around, given the continued strength coming from services and shelter, according to BlackRock.

☆ Masked man shoots and kills woman who was lying in bed with her two children at Florida home, police say
▼ + stars: | 2022-11-01 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

NEW PORT RICHEY, Fla. — A woman who was in bed with her two young children was fatally shot early Tuesday during a home invasion that a Florida sheriff described as “targeted” hit. The knock awakened a woman who was sleeping on the couch in a front room, the sheriff said. As she got up, a masked man kicked the door in and pointed a gun at her, Nocco said. The man continued on to a bedroom and flipped the light switch, Nocco said. He said that mental health counselors are working with the two children and the woman.

☆ World Bank disburses additional $500 mln to Ukraine
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 24 (Reuters) - The World Bank said on Monday it had disbursed an additional $500 million to help Ukraine meet urgent spending needs created by Russia's Feb. 24 invasion and the ongoing war. The financing by the International Bank for Reconstruction and Development, the bank's main lending arm, was supported by $500 million in loan guarantees from Britain that were announced on Sept. 30, the bank said. We stand firmly to support the Ukrainian people as they face this unparalleled crisis.”The World Bank has mobilized a total of $13 billion in emergency financing for Ukraine, of which $11.4 billion has been fully disbursed. Russia's invasion caused over $97 billion in direct damages to Ukraine through June 1, but it could cost nearly $350 billion to rebuild the country, the World Bank, Ukrainian government and the European Commission said in a report released in September. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andrea Shalal; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ Amazon launches home insurance comparison website in Britain
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 19 (Reuters) - Amazon.com Inc (AMZN.O) is launching a home insurance portal in Britain and has signed up three big-name insurers as it pushes further into financial services. Moneysupermarket.com's (MONY.L) shares slumped more than 8% on Wednesday following the news that Amazon will be stepping into the insurance-price comparison market. Amazon has been considering launching a comparison website in Britain for several years. The new portal, Amazon Insurance Store, will also include customer reviews and ratings on insurance companies and the rate at which the claims were accepted for policies offered, Amazon said. Amazon partnered with Lloyd's broker Superscript last year to offer insurance to small and medium-sized UK business customers.

☆ Equifax fired at least two dozen employees after it used its own tool to suss out if workers had a second job
▼ + stars: | 2022-10-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Four of the big six US banks (JPMorgan, Morgan Stanley, Citigroup, and Wells Fargo) all report their Q3 earnings today. Our friends over at Markets Insider will have the immediate reaction to all the revenue numbers as they're posted. That's clearly the message at Equifax, which fired at least 24 workers for secretly having second jobs, Insider reported Thursday. "I'm not sure how Equifax can be trusted with data when it uses it to spy on its own employees," an Equifax employee told Insider. Read our full story on how Equifax used its own tool to figure out if employees were working second jobs.

☆ Amazon debuts new shopping portal for customers on government assistance
▼ + stars: | 2022-10-03 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN Business —Amazon on Monday launched a new shopping portal called Amazon Access that is designed for shoppers receiving government assistance. Amazon already offers some services for low-income customers, such as discounted Amazon Prime membership. It also accepts Supplemental Nutrition Assistance Program or SNAP benefits for groceries purchased through Amazon Grocery, Amazon Fresh and Whole Foods. Amazon (AMZN) also announced it has renamed its discounted Prime membership to Prime Access. Eligible customers can sign up for the service on Amazon (AMZN) Access.

☆ A new wave of UK port labor strikes begins, with 'massive impact' for Christmas supply chain
▼ + stars: | 2022-09-28 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. The shop stewards who represent union workers accepted Peel Ports request for a meeting at the union office on Tuesday. Supply chain impact from second round of U.K. strikesThe latest development comes amid mounting labor issues linked to inflation at U.K. ports, with workers at the nation's largest port, Felixstowe, beginning another strike this week after one in August. "Unite made it clear that until they have reached their goals these waves of strikes will continue which will have a massive impact on the Christmas business and supply." The CNBC Supply Chain Heat Map shows the present situation at the ports.

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