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☆ 'Barbie,' Taylor Swift and Beyoncé provide women-powered economic boost
▼ + stars: | 2023-08-09 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +5 min

New York CNN —It’s the summer of girl power, fueled by Beyoncé, Taylor Swift and “Barbie.”Millions of people across generations are paying through the nose for these experiences, providing a women-powered boost to the economy. “I loved going with my family” to Taylor Swift and “Barbie,” said 15-year-old Chelsea Deutsch. A positive messageEleven women and girls from Chelsea’s extended family – spanning ages 12 to 54 – went to see Taylor Swift at MetLife Stadium in East Rutherford, New Jersey. ‘I made it happen’Helen Polise was not going to let two canceled flights stop her from seeing the last Taylor Swift concert in Los Angeles with her daughter Julie. Julie and the young girls from the family of 11 who all saw Taylor Swift walked away from the “Barbie” movie with their moms in mind.

Persons: New York CNN —, Taylor Swift, “ Barbie, ”, Chelsea Deutsch, “, ” “ Barbie ”, Taylor, “ Barbie ”, Kristina Chiapetta, Landor & Fitch, –, Barbie, Jennifer Deutsch, Chelsea’s, Chiapetta, Helen Polise, Julie, Polise, Swift, that’s, Julie Polise, “ We’re, Dylan Ritcher, Lisa Van Strat Organizations: New, New York CNN, California Center, Jobs, Warner Bros, Warner Bros ., Landor &, “, MetLife, of Labor Statistics Locations: New York, Stockholm, Los Angeles, East Rutherford , New Jersey, United States

☆ Some Beyoncé fans are mad about 'listening only' tickets with obstructed views of the stage — but one fan risked it and got a 'perfect view'
▼ + stars: | 2023-08-03 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

People are sharing screenshots of "listening only" tickets for Beyoncé's Renaissance Tour on Ticketmaster. One fan risked it and told Insider he actually ended up with the "perfect view." Tickets for Beyoncé's Renaissance tour are highly sought after and can get expensive. Like Swift's Eras Tour, Beyoncé's Renaissance Tour is one of the most talked-about tours of the summer. Forbes estimates that the Renaissance tour could earn between $275 million and $2.4 billion by the end of September.

Persons: Twinkabellesmom, Ryan Bloomquist, Bloomquist, would've, Taylor Swift Organizations: Ticketmaster, Metlife, Twitter, Forbes Locations: East Rutherford , New Jersey, NJ, New Jersey, Europe, North America

☆ Morning Bid: Triple-A headache
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +4 min

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. On Tuesday, Fitch became the second major agency, after Standard & Poor's in 2011, to strip the United States of its prized triple-A credit rating. Jefferies notes that, with two of the three major agencies listing U.S. debt at AA, U.S. bonds no longer count as AAA in some key indices. However, according to Jefferies, most investors have moved away from some of the stricter criteria around holding triple-A rated debt, given Germany is the only large issuer left with that rating. Chart shows that the U.S.'s long-term foreign currency rating was downgraded by Fitch to AA+ in 2023, following a similar move from S&P in 2011.

Persons: Rick Wilking, Amanda Cooper, Fitch, Jefferies, it's, Dupont Nemours, Kraft, Phillips, Ingersoll Rand, John Stonestreet Organizations: REUTERS, Standard, Capitol, Investors, Treasury, Moody's, Moody's Investors Service, U.S ., U.S, AA, AAA, CVS Health, Entergy, Kraft Heinz, Garmin, Brands, Bunge Ltd, Lincoln National, Occidental Petroleum, ETSY, Cognizant Technology Solutions, Atmos Energy, Equinix, Qualcomm, MGM Resorts, MetLife, Fitch, Reuters Graphics U.S, Thomson, Reuters Locations: Westminster , Colorado, U.S, United States, Aaa, Germany, Exelon, Albemarle, Occidental, Clorox

Several cowboy hats tipped upward toward the departures board at Penn Station, their wearers unusually excited to board a crowded, sweaty train to New Jersey. “Beyoncé, Track 14!” shouted a New Jersey Transit employee in a neon yellow vest. Commuters in sequins trampled over a “Caution: Wet Floor” sign in their rush to the escalators. It was 7 p.m. on Saturday, and an Uber from Midtown Manhattan to the Meadowlands cost about $70. Many Beyoncé fans instead took public transportation to MetLife Stadium in East Rutherford, where the singer would soon take the stage for her Renaissance World Tour.

Persons: “, ” Organizations: Penn Station, New Jersey Transit, Midtown, Meadowlands, MetLife Locations: New Jersey, sequins, Midtown Manhattan, East Rutherford

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho

☆ July jobs report and more Big Tech earnings are in the week ahead after markets notch historic run for Dow
▼ + stars: | 2023-07-28 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

More Big Tech earnings and the jobs report are in the week ahead as investors wrap up a strong week that included a historic run for the Dow Jones Industrial Average . Jobs report out Friday Investors will digest the latest data from the July jobs report due out next Friday. "I don't expect any huge surprise from this jobs report next week," said Liz Young, head of investment strategy at SoFi. Earnings will continue to pour in next week, with key results from Big Tech companies Apple and Amazon on Thursday. Still, cooling inflation, strong jobs market and a resilient economy could spell a happy path for Wall Street.

Persons: Dow, Queen Victoria, Kim Forrest, Jerome Powell, Forrest, Nonfarm, Dow Jones, Liz Young, Bokeh's Forrest, they're, She'd, we've, SoFi's Young, Young, she'd, Stanley Black, Decker, The Kraft Heinz Organizations: Big Tech, Dow Jones, Dow, Cotton Oil, Bokeh Capital Partners, Meta, Federal Reserve, Pew Research, Apple, Semiconductor, Bank of Japan, Chicago PMI SA, Dallas Fed, Arista Networks, Western, Systems, PMI Manufacturing SA, ISM Manufacturing SA, Merck, Co, Caterpillar, Marriott International, Altria, Cruise Line Holdings, Pfizer, Marathon Petroleum, Molson Coors Beverage, SolarEdge Technologies, Devices, Caesars Entertainment, Electronic Arts, Starbucks, ADP Employment Survey SA, CVS Health, Fidelity National Information Services, Generac Holdings, Humana, The Kraft, Brands, MetLife, Marathon Oil, Occidental Petroleum, PayPal Holdings, Qualcomm, Etsy, Costco Wholesale, MGM Resorts, SA, PMI, Factory, PMI SA, News Corp, Constellation Energy, Moderna, Warner Bros, Discovery, Hasbro, ConocoPhillips, Kellogg, Booking Holdings, Expedia, Motorola Solutions, Monster Beverage, Manufacturing Payrolls SA, Nonfarm Payrolls SA, Dominion Energy Locations: United Kingdom, U.S

☆ After hating on Taylor Swift for years, I've now spent $8,000 on her Eras Tour. I finally understand the hype.
▼ + stars: | 2023-07-06 | by ( Chris Weller | ) www.businessinsider.com time to read: +8 min

Erin Wickham, 34, says she found Taylor Swift "annoying" for most of her twenties. I always knew Swift as this pop-bubblegum artist, so I didn't expect muchThe process of getting converted from Taylor Swift antagonist to full-on superfan happened faster than I expected. Swift's music spoke to me on an emotional level I wasn't expectingI had a difficult 2022. I was crazy for Taylor Swift, but I wasn't going to shell out that kind of money. Taylor Swift's music makes me feel less aloneI imagine this sense of connection is why people have followed groups like the Grateful Dead and Phish around for so many years.

Persons: Erin Wickham, Taylor Swift, Wickham, She's, —, It's, I'd, I'm, Swift, Taylor, TikTok, Marjorie, begrudgingly, I've, what's, Taylor Swift's Organizations: Swift, Service, New, MetLife, Pittsburgh, Amtrak Locations: TikTok, New Jersey, Pittsburgh, merch

☆ Analysts think these stocks in underperforming sectors are due for a comeback
▼ + stars: | 2023-06-26 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

55% or more of analysts covering the stock maintain a buy rating. Analysts are big believers in Halliburton stock, however, with nearly 83% of those covering the company rating shares as a buy. The average analyst price target implies roughly 54% upside to the stock's current trading levels. The slump in the stock price hasn't swayed analysts' optimism, however. More than 66% of analysts polled by FactSet covering MetLife rate shares as a buy, while their average price target implies nearly 40% upside from the stock's recent trading levels.

Persons: Jerome Powell, Halliburton Organizations: Federal, Nvidia, Microsoft, CNBC, PayPal, FactSet, HAL, Halliburton, MetLife Locations: Wall, Halliburton

☆ MetLife Stadium Gets an N.H.L. Outdoor Doubleheader, of Sorts
▼ + stars: | 2023-06-03 | by ( David Waldstein | ) www.nytimes.com time to read: 1 min

Outdoor N.H.L. hockey will make its debut in New Jersey next year when MetLife Stadium in East Rutherford will host a four-team doubleheader of sorts in the league’s so-called Stadium Series. The New Jersey Devils will play the Philadelphia Flyers on the night of Saturday, Feb. 17, and the Islanders will play the Rangers on the same ice the following day, the National Hockey League announced on Saturday. stadium and it’s our goal to bring it to life in a way that, frankly, we haven’t seen that much,” said Steve Mayer, the N.H.L.’s chief content officer. “We are going to get super creative and highlight the area.”

Persons: “, ”, Steve Mayer, ’ Organizations: MetLife, New Jersey Devils, Philadelphia Flyers, Islanders, Rangers, National Hockey League Locations: New Jersey, East Rutherford

One is about the possibility that we’re going to have this super intelligent AI that’s capable of great destruction. casey newtonI think that’s right. But it’s just like — I don’t think — I don’t think about to do these things in the moment like Dan. I don’t think that there’s an ethical issue with doing what he wants to do. And yeah, I just think it’s going into an area that’s going to be uncomfortable for the friend.

Persons: kevin roose, casey newton, we’re, ” casey newton I’ve, kevin roose It’s, Kevin Roose, ” casey newton, Casey Newton, clowned, New York Times ’, Kate Conger, Casey, Ajeya Cotra, kevin roose Totally, Sam Altman, Demis Hassabis, Dario Amodei, Elon Musk, Steve Wozniak, They’re, Kevin, Dan Hendricks who’s, “, “ I’m, don’t, you’re, I’m, — casey newton, it’s, ChatGPT, casey newton I’m, I’ve, Martinez, Varghese, kevin roose Tyler, —, Steven A, Schwartz, ”, they’re, it’ll, there’s, Mr, Bean, We’ve, James Vincent, It’s, Jensen Huang, Harry Potter, Harry Potter of, kevin roose —, casey newton Parallelelizable, Parallelizable, — casey newton Let’s, that’s, who’s, NVIDIA —, casey newton Well, doesn’t, katie cogner, Kate Conger who’s, katie cogner Hi, katie cogner I’m, Dan, what’s, Getty, casey newton Kate, let’s, John, Here’s John, john, kevin roose That’s, Kate, he’s, He’s, he’ll, casey newton That’s, There’s, we’ve, “ I’ve, ” Kate, cogner, Prince Harry, katie cogner Doesn’t, Harry, casey newton We’re, We’re, kevin roose Kate, they’ve, Joni Mitchell, Chris Vecchio, Chris, kevin roose I’m, You’d, casey newton “, you’ll, casey newton Oh, ” kevin roose Organizations: The New York Times, NVIDIA, New York Times, Safety, Google, AI, ChatGPT, Avianca Airlines, Delta Airlines, China Southern Airlines, KLM Royal Dutch Airlines, Royal Dutch Airlines, “, Bar Association, Texas, M University Commerce, Apple, Microsoft, Netflix, Harry Potter of Kentucky Christian, Facebook, eBay, “ New York Times, Boston, Garden, MetLife, TED, AIs Locations: British, Avianca, Durden, ChatGPT, Taiwan, Kentucky, Hogwarts, Harry Potter of Kentucky, California, Madison, —

☆ Taylor Swift’s ‘Midnights’ (Lindsay’s Version)
▼ + stars: | 2023-05-30 | by ( ) www.nytimes.com time to read: +2 min

Dear listeners,This past weekend, along with more than 200,000 people in the New York metropolitan area, I attended Taylor Swift’s Eras Tour. I saw sights I will never forget: more than one person, in late May, dressed head to toe as a Christmas tree (an inside joke about Swift growing up on a Christmas tree farm … I think? ); a father proudly wearing a handmade shirt that read “Real Men Listen to Taylor Swift”; enough sequins per square inch that, when the sun hit it right, MetLife Stadium could probably be seen from space. But, of course, I also saw a generation-defining pop superstar performing at the top of her game, throughout a sprawling, near-three-and-a-half-hour set that highlighted her stylistic versatility, physical stamina and ongoing evolution as a songwriter. Though Swift has long had a flair for both spectacle and intimacy in a live setting, what I couldn’t shake (shake, shake) during this marathon 45-song set was how completely she’s come into her power as a performer.

Persons: Taylor, Swift, Taylor Swift, Jon Caramanica, “, ” Organizations: MetLife Locations: New York

☆ Taylor Swift’s Eras Tour Touches Down in New Jersey
▼ + stars: | 2023-05-27 | by ( Matt Stevens | ) www.nytimes.com time to read: +1 min

Two months and 25 shows after the pop megastar’s career-spanning Eras Tour began, the show arrived in the New York area for three weekend dates — her first concerts near (but not quite in) her adopted hometown in five years. “I really, really missed you!” Swift told the sold-out crowd of more than 72,000 people. One young woman announced that she was crying tears of joy as she strode down a tunnel leading to the parking lot. Two fans with tickets to Saturday’s concert who had traveled from Costa Rica came hoping to see Swift on Friday as well. A woman in an “I ❤️ T.S.” shirt refused an interview request, admitting that she teaches at a public school and was not supposed to be at the stadium on a Friday afternoon.

☆ Summer's hottest dress code: Sequins, boots, cowboy hats. Thank you, Taylor Swift
▼ + stars: | 2023-05-27 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +5 min

Or, in other words, the Taylor Swift look. “This has become a wild year already for us because of Taylor Swift,” said Johnson, CEO of Hazel & Olive. Right: Taylor Johnson, founder and CEO of Hazel & Olive, wearing The Eras Sequin Fringe Dress. Taylor Swift performs onstage during night one of Taylor Swift | The Eras Tour at Nissan Stadium on May 05, 2023 in Nashville, Tennessee. Altar'd State stores have curated Taylor Swift looks for concert goers.

☆ Taylor Swift is this summer's most in-demand artist—Eras Tour tickets sell for an average of $920
▼ + stars: | 2023-05-26 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

When it comes to the most in-demand concerts of the summer, there's Taylor Swift and then there's everybody else. The "Style" singer is the hottest act of the season according to StubHub, which on Friday released its 2023 Summer Tour Preview. 1 on the list, with tickets for her 24 "Eras" tour dates this summer selling for an average of $920 apiece. In fact, the $920 average selling price is a bargain in some locations. 7 P!NK — with her 33 tour dates selling at an average of $231 per ticket — are outselling the seven male artists in the top 10 by 50%.

☆ Wall Street landlords with billions in their coffers have gone silent, patiently waiting for cheaper homes to buy
▼ + stars: | 2023-05-21 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +6 min

For the first two or so years of the pandemic, it looked like big, corporate landlords would buy up so many rental homes that they'd soon control the market that had been the purview of mom-and-pop owners. But five months in, the lull that started the year persists, said analysts at John Burns Real Estate Consulting, a purveyor of real-estate data. According to JT Graham, a John Burns analyst who attended an April conference of the SFR lobbying group National Home Rental Council, the buzzword there was "patience." For those that do make the trip, they can console themselves that the industry's fundamentals are strong enough to offset headwinds such as soaring taxes and slowing rent growth, John Burns analysts said. They're also able to absorb defaults and vacancies in the way small landlords can't as their costs increase.

☆ The S&P 500 will crash 30% by December as spending slumps, profits shrink, and banking problems mount, markets guru Larry McDonald warns
▼ + stars: | 2023-05-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

The S&P 500 will plunge by almost 30% to around 3,000 points by December, Larry McDonald has warned. He sees less government spending, slimmer corporate profits, and banking pressures as key drivers. McDonald made a similar call in early March, when he declared the stock market could tank 30% within the next 60 days. The prospect of less spending and investment, stricter lending, steeper debt payments, and greater unemployment bodes poorly for corporate profits and stock prices. Instead, he recommended beaten-down, cyclical stocks in sectors such as energy, and hard assets such as gold, silver, and platinum.

☆ These buyback champions are shrinking their share count and analysts love them
▼ + stars: | 2023-05-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

As earnings season winds down, traders can tap into these buyback champions that are shrinking their share count, and are beloved on Wall Street. CNBC Pro screened for buyback champions that are shrinking their share count, and are considered buying opportunities by analysts. Common shares outstanding dropped 6.4% in the past year. As a percentage of capital, total debt at the firm is about 25%. Common shares outstanding fell 2.7% over the past year at the firm, while the company's total debt as a percentage of capital is nearly 24%.

Persons: they've, It's, Goldman Sachs, Morgan Stanley, Neil Mehta, Chubb Organizations: CNBC Pro, buyback, Facebook, Meta, Wall Street, Energy, ConocoPhillips, Citi, MetLife, Analog Devices

☆ Morning Bid: Bank reverb frames Fed decision
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +5 min

While there was some minor repricing of Fed probabilities in the futures market, the latest bout of bank stock nerves is unlikely to change the Fed's course on its own. A White House economist on Tuesday said Fed rate hikes were having a negative impact on the banking sector. Signs of some loosening of a very tight labor market may also encourage the Fed that its rate hiking job is done after this week. Private sector job readings for April are due later today along with service sector surveys for the month. With the Fed in view alongside the debt ceiling crunch and bank stock retreat, longer-term Treasury bonds rallied.

☆ MetLife profit drops as economic worries hurt investment income
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

May 3 (Reuters) - MetLife Inc's (MET.N) first-quarter profit missed Wall street estimates on Wednesday as growing economic uncertainty hurt the insurer's investment income, sending its shares down 2% in extended trading. Adjusted net investment income fell 8% to $4.6 billion in a quarter marred by a string of high-profile bank collapses that roiled financial stocks. "We remain focused on managing risk across economic cycles and controlling what we can to deliver for our shareholders and our stakeholders," Khalaf said. Adjusted premiums, fees and other revenues - excluding pension risk transfers (PRT) at MetLife - rose 3% to $11.54 billion. Rival insurer Prudential Financial Inc (PRU.N) had reported a lower-than-expected quarterly profit on Tuesday due to a decline in its assets under management.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Markets next week have to contend with how aggressive the Fed drumbeat sounds
▼ + stars: | 2023-04-28 | by ( Scott Schnipper | ) www.cnbc.com time to read: +8 min

"Is Chairman Powell going to say, 'It is likely that we pause now and assess what the economy is going to do?' "The tone on that balance is going to be very critical to how the market is going to move next week." "What is [Powell] going to do? June Fed meeting The betting on Wall Street right now is that, after next week, the Fed will standpat at its next meeting six weeks later, on June 13-14. Beyond Apple, some 161 other companies in the S & P 500 index are scheduled to report latest-quarter results next week.

☆ Single-family rentals were stars of real estate during the pandemic. Now the sector faces its biggest challenges yet.
▼ + stars: | 2023-04-19 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

The SFR sector is facing fresh challenges this year, however, two KBRA analysts said. If you were an institutional investor looking to invest in real estate during the height of the pandemic, single-family rental properties were probably on your list. Home prices were rising quickly, and borrowing costs were low, underpinning the fundamentals of residential real estate. What's more, real estate research and investment-banking firm Zelman & Associates has estimated there's $110 billion in investor capital waiting to be spent on homes. Labor and supply costs have risen consistently, and massive home price appreciation is resulting in higher real estate taxes.

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☆ The fallout from empty offices is coming. Here's where investors could see the pain
▼ + stars: | 2023-04-14 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +12 min

As concerns about regional banks roiled markets, investors weighed another threat: commercial real estate. Also, layered on top of the property value pressure, are the tightening credit conditions brought on by the recent turmoil in the banking sector. There is no doubt this scenario is a toxic mix for the capital-intensive real estate industry. At the moment, many experts say the real estate market isn't causing trouble for banks, but fears about the financial system are likely worsening conditions in real estate because liquidity is being reduced. The biggest concern is seeing how many other companies join Brookfield , Blackstone and Pimco in handing back the keys on office properties, Clancy said.

☆ Exclusive: N. American fixed income group won't take legal action over Credit Suisse AT1 fiasco-source
▼ + stars: | 2023-03-23 | by ( Divya Rajagopal | ) www.reuters.com time to read: +1 min

TORONTO, March 23 (Reuters) - The Credit Roundtable, a lobby group of some of the biggest fixed income asset managers from the United States and Canada, has decided not to take legal action against Credit Suisse AG (CSGN.S) a person familiar with the matter told Reuters on Thursday. Earlier this week, the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional Tier-1 (AT1) debt to be wiped out under its rescue takeover by UBS (UBSG.S). The Credit Roundtable was not available for an immediate comment. Launched in 2007 for bondholders protection, Credit Roundtable consists of 43 members including PIMCO, Vanguard, MetLife (MET.N), Canadian pension fund Omers, Sun Life Financial Inc (SLF.TO) among others. The bond holders of Credit Suisse in Europe and UK have been seeking legal advice over the Swiss banking regulator's decision to write off AT1 bonds under the rescue take over by UBS.

☆ Exclusive: N. American fixed income group will not take legal action over Credit Suisse AT1 wipeout -source
▼ + stars: | 2023-03-23 | by ( Divya Rajagopal | ) www.reuters.com time to read: +1 min

TORONTO, March 23 (Reuters) - The Credit Roundtable, a lobby group of some of the biggest fixed income asset managers from the United States and Canada, has decided not to take legal action against Credit Suisse AG (CSGN.S), a person familiar with the matter told Reuters on Thursday. The Credit Roundtable was unavailable for comment. Launched in 2007 for bondholders' protection, Credit Roundtable consists of 43 members including PIMCO, Vanguard, MetLife (MET.N), Canadian pension fund Omers, and Sun Life Financial Inc (SLF.TO). The source said individual members are free to pursue legal action independently. The bond holders of Credit Suisse in Europe and UK have been seeking legal advice over the Swiss banking regulator's decision to write off AT1 bonds under the rescue take over by UBS.

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