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☆ Israel’s democracy is at a crossroads as its top court debates a law limiting its power. Here’s what to know
▼ + stars: | 2023-09-12 | by ( Hadas Gold | ) edition.cnn.com time to read: +12 min

“The Supreme Court and the government alike possess a credible nuclear threat against the other side … if both sides are rational actors, they will … disarm themselves. That leaves the Supreme Court as the only check on the executive and legislative branches of government. Striking down a Basic Law would be uncharted territory for the Supreme Court, although it has examined and commented on Basic Laws before. Thousands of military reservists and even some active duty soldiers have vowed not to serve if the judicial overhaul went into effect. Or for the Supreme Court that might say we have a right to demonstrate, the right to strike by our so to speak legal system,” Tomer said.

Persons: Jerusalem CNN —, Benjamin Netanyahu’s, –, Netanyahu, “, ”, Amit Segal, Netanyahu’s, Biden, Israel doesn’t, Esther Hayut, Aryeh Deri, Benjamin Netanyahu's, Ohad, Yariv Levin, Bezalel Smotrich, Itamar Ben Gvir, ” Segal, it’s, Banks, Haim Tomer, Hassan Nasrallah, ‘, ’ ” Tomer, Joe Biden, Tomer, ” Tomer, he’s, Isaac Herzog’s, Isaac Herzog, Benjamin Netanyahu, Ronen Zvulun, Ben Gvir Organizations: Jerusalem CNN, Jerusalem CNN — Israel’s, Israel’s, Supreme, CNN, of Defense, United, National Security, United Nations General Assembly Locations: Jerusalem, Israel, United Kingdom, Iran, Iraq, Lebanon, United States, United Arab Emirates, Saudi Arabia

☆ New Mideast corridor would include trains to India, Delhi says
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

Saudi Arabia's Crown Prince Mohammed bin Salman inspects the honour guard during his ceremonial reception at the Rashtrapati Bhavan presidential palace in New Delhi, India, September 11, 2023. Asked about the proposals, Ausaf Sayeed, a secretary in the Foreign Ministry, spelled out that the corridor would include trains to India and not just links by port. Saudi Arabia is among the top exporters of petroleum to India. Sayeed said that new corridor will include ports, railways, better roads and also power, gas grids and optical fiber network. During their talks earlier in the day the Indian leader and the Saudi crown prince also discussed cooperation in space, semiconductors and collaboration in defence manufacturing as well.

Persons: Crown Prince Mohammed bin Salman, Stringer, Ausaf, Khalid Al Falih, Prince Mohammed bin Salman's, Sayeed, Shivam Patel, Krishn Kaushik, Ed Osmond, Angus MacSwan Organizations: Saudi, Crown, REUTERS, Foreign Ministry, European Union, United Arab, Initiative, Saudi Investment, Gulf Cooperation Council, Thomson Locations: New Delhi, India, DELHI, East, South Asia, Indian, Delhi, United States, Saudi Arabia, United Arab Emirates, Monday, Saudi

☆ In a US showdown with China, there are some missions with no special-operations 'easy button'
▼ + stars: | 2023-09-11 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Special-operations forces have been a centerpiece of US military operations for two decades. US leaders should remember that special operators aren't suited for some tasks, one expert says. But in an era of strategic competition with China, there are some missions with no special-ops "easy button," according to David Ucko, a professor and expert on irregular warfare. First, the US special-operations community should consolidate its core strengths, particularly irregular warfare, which is "highly relevant" to strategic competition with China. US Navy SEALs train with Philippine Navy special-operations and Australian army special-operations troops in Palawan in April 2022.

Persons: David Ucko, David Devich, Ucko, US Army John F, Mario A, Ramirez, Jared N, Stavros Atlamazoglou Organizations: Service, US Special Forces, US Army, Royal United Services Institute, China, Air Force, RAF Mildenhall, US Air Force, Tech, Westin Warburton, Kennedy Special Warfare Center and School, State, Justice, Treasury, US Navy, Philippine Navy, US Marine Corps, Army Green Beret, Philippine National Police, Coast Guard, British SAS, Commonwealth, Group, SAS, Allies, Army Delta Force, Delta Force, US Army Rangers, US Army Green Berets, Psychological Operations, Boat Service, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: China, Wall, Silicon, SOF, Afghanistan's Ghazni, British, Russia, North Carolina, Palawan, Ukraine, Taiwan, North Africa, Iraq, Afghanistan, Johns

☆ Stocks making the biggest moves midday: Halliburton, Warner Bros. Discovery, Oracle and more
▼ + stars: | 2023-09-05 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Oracle — The software stock climbed 2.5% on the back of an upgrade to overweight from equal weight by Barclays. Airbnb — Shares rose 7.2% on the back of S&P Dow Jones Indices' Friday announcement that the stock would join the S&P 500 starting Sept. 18. The S&P 500 is widely tracked by large index funds, which could create buying pressure on Airbnb's stock in the weeks ahead. Warner Bros. said its adjusted full-year expectation assumes the financial effect of the writers and actors strikes will persist through the end of the year. Brady — The manufacturing stock gained 11.4% after the company reported quarterly results.

Persons: Halliburton, Dow Jones, Blackstone, acquirer Thoma, Brady —, Brady, Lennar, — CNBC's Brian Evans, Alex Harring, Hakyung Kim Organizations: Occidental Petroleum, Halliburton, EOG, Resources, OPEC, Oracle, Barclays, Blackstone —, Warner Bros, NextGen, Bloomberg, acquirer Thoma Bravo, FactSet Locations: Occidental, Saudi Arabia

In remarks ahead of their talks, Putin told Erdogan that Russia is “open to negotiations” on the grain deal. Shifting power balanceErdogan and Putin last met face-to-face in October on the sidelines of an Asia summit in the Kazakh capital Astana. Ahead of his re-election, Erdogan hailed his “special” relationship with Putin as Western states pressured Ankara to join sanctions against Moscow. “(Erdogan) has not really gotten in the direction of trying to please Putin,” Ulgen told CNN. The reconfigured power balance between the two leaders could yet yield positive results with the efforts to revive the Black Sea grain deal, experts say.

Persons: Recep Tayyip Erdogan, Vladimir Putin, Putin, Erdogan, Monday’s, ” Putin, ”, Sinan Ulgen, Kemal Kilicdaroglu, “, ” Erdogan, CNN’s Becky Anderson, Asli Aydintasbas, ” Aydintasbas, ” Ulgen, Volodymyr Zelensky, Ulgen, Turkey’s, “ Putin, ” “ Erdogan Organizations: CNN, TASS, Astana, Atlantic Treaty Organization, NATO, Brookings Institution, “ Locations: Russia’s, Sochi, Moscow, Black, Russia, Turkey, Qatar, Russian, Turkish, Asia, Kazakh, Ukraine, Ankara, Istanbul, Washington , DC, United States, ”, Finland, Sweden, East

☆ Goldman Sachs: Buy these 50 stocks with low labor costs that can help investors hedge against inflation
▼ + stars: | 2023-08-27 | by ( Mark Reeth | ) www.businessinsider.com time to read: +5 min

David Kostin of Goldman Sachs noted that companies with low labor costs can resist high inflation. "Nonfarm payrolls increased by 187k in July and the unemployment rate fell to 3.5%, just 10 bp above its 50-year low," Kostin wrote. "As a result, its earnings would face a 1% EPS hit in the face of 100 bp acceleration in labor costs." In fact, Goldman Sachs has a sector-neutral basket of stocks with low labor costs that has underperformed the market year-to-date. The 50 stocks belonging to Goldman Sachs' low-labor-cost basket are below.

Persons: David Kostin, Goldman Sachs, Kostin, Jerome Powell, Powell Organizations: Federal Reserve, Co, Fed, Labor, Consumer Staples Locations: Jackson Hole , Wyoming, bullish

☆ BRICS invites six nations to join developing world bloc
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

A person walks past the Sandton Convention Centre, which will host the upcoming BRICS Summit, in Johannesburg, South Africa August 19, 2023. REUTERS/James Oatway/File Photo Acquire Licensing RightsJOHANNESBURG, Aug 24 (Reuters) - Leaders of the BRICS group of developing nations have invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to join, in a move aimed at growing the clout of a bloc that has pledged to champion the "Global South". South African President Cyril Ramaphosa, who is hosting a summit of BRICS leaders, announced on Thursday that the new candidates would be admitted as members on Jan. 1, 2024. And while all BRICS members publicly expressed support for growing the bloc, there were divisions among the leaders over how much and how quickly. More than 40 countries have expressed interest in joining BRICS, say South African officials, and 22 have formally asked to be admitted.

Persons: James Oatway, Cyril Ramaphosa, BRICS, Carien du Plessis, Joe Bavier, Toby Chopra, Emelia Organizations: Sandton, REUTERS, Rights, United, West ., BRICS, Thomson Locations: Johannesburg, South Africa, Rights JOHANNESBURG, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab Emirates, Brazil, Russia, India, China, Beijing, Moscow, West

BRICS - whose acronym was originally coined by an economist at Goldman Sachs, currently comprises Brazil, Russia, India, China and South Africa. Ethiopian Prime Minister Abiy Ahmed called the BRICS leaders' decision to invite Ethiopia to join "a great moment". "It shows the determination of BRICS countries for unity and cooperation with the broader developing countries." More than 40 countries have expressed interest in joining BRICS, say South African officials, and 22 have formally asked to be admitted. "The expansion and modernization of BRICS is a message that all institutions in the world need to mould themselves according to changing times," he said.

Persons: Cyril Ramaphosa, Narendra Modi, Sergei Lavrov, Alet Pretorius, Goldman Sachs, BRICS, Luiz Inacio Lula da Silva, Ramaphosa, Lula, globalisation's, Mohammed bin Zayed, Abiy Ahmed, Antonio Guterres, Xi Jinping, Bhargav Acharya, Sergio Goncalves, Ethan Wang, Vladimir Soldatkin, Joe Bavier, Toby Chopra, Emelia Organizations: South, India's, Russia's, REUTERS, United Arab, United, United Arab Emirates, New Development Bank, Ethiopian, United Nations, . Security, International Monetary Fund, World Bank, BRICS, Indian, Thomson Locations: Johannesburg, South Africa, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, UAE, JOHANNESBURG, United Arab Emirates, Brazil, Russia, India, China, Ukraine, United States, Beijing, Moscow, United Arab, Lisbon

Many economists have called on China to boost its social safety net to rebalance the economy. Yao was unswayed and would prefer consumer vouchers, which some local governments in China have issued, but in amounts too small to matter at a macro level. Local governments, while cash poor, are asset rich. Michael Pettis, senior fellow at Carnegie China, estimates that if Beijing forces local governments to transfer 1-1.5% of GDP to households, China could maintain current growth. "One of the really big conflicts is likely to be between Beijing and the local governments over how to allocate the various adjustment costs.

Persons: Erin Yao, Juan Orts, Orts, Tokyo's, Yao, joblessness, Jens Eskelund, Wang Jiliu, Wang, Michael Pettis, Laurie Chen, Kripa Jayaram, Marius Zaharia, Sam Holmes Organizations: Fathom Consulting, Communist Party, Reuters Graphics, European Chamber of Commerce, Carnegie China, Thomson Locations: BEIJING, HONG KONG, China, Beijing, United States, Hainan

☆ Why a vacation is good for you – even before you take time off
▼ + stars: | 2023-08-22 | by ( Juan Pérez Fernández | Roberto De La Torre Martínez | ) edition.cnn.com time to read: +6 min

And the truth is that the benefits of a good vacation can be felt even before the trip begins. The “other stress” – the one that has negative connotations for everyone – is chronic stress. Alexander Spatari/Moment RF/Getty ImagesThe main thing that a good vacation can do for our mental health is precisely to reduce chronic stress levels. Therefore, knowing that our vacation is coming increases the dopamine levels in our brain and gives us that feeling of pleasure. Be that as it may, good vacations are good for us.

Persons: –, Alexander Spatari, Juan Pérez Fernández, Roberto de la Torre Organizations: CNN, Getty, University of Vigo, Roberto de la Torre Martínez, Department, Neuroscience, Karolinska Institute Locations: daydreaming, CINBIO, Spain, Sweden

☆ BRICS Summit: Who stands to benefit from Russia-friendly bloc's expansion?
▼ + stars: | 2023-08-21 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

The group of Brazil, Russia, India, China and South Africa has never been more prominent on the world stage. Russia’s leader can’t attend the summit because host country South Africa would be obliged to arrest him for alleged war crimes. But nonetheless that family is now entertaining formal bids from nearly two dozen countries to join their bloc of major emerging economies. It held its first summit in 2009 with four members and then added South Africa the following year. An expansion, instead of making the group more potent, could also make it “more unwieldy and ineffective” with more contrasting positions between members, he added.

Persons: can’t, It’s, Russia’s Vladimir Putin –, Putin, Cyril Ramaphosa, BRICS, ” “, Chen Xiaodong, Bhaso, “, China’s Xi, India’s Narendra Modi, Brazil’s Luiz Inacio Lula da Silva, –, Goldman Sachs, Jim O’Neill, BRICS Anil Sooklal, Mihaela Papa, ”, Xi, Yun Sun, Putin –, Manoj Kewalramani, Kewalramani, Modi, Lula, Ramaphosa, Yevgeny Prigozhin, Wagner, Rubens Duarte Organizations: CNN, West, Washington, Sunday, University of Johannesburg, New Development Bank, United Arab, Tufts University, Western, China Program, Stimson, NATO, Takshashila, United Nations Locations: South Africa, Brazil, Russia, India, China, Beijing, United States, New Delhi, Ukraine, African, Argentina, Mexico, Iran, Saudi Arabia, United Arab Emirates, Egypt, Nigeria, Bangladesh, South, Washington, BRICS, Bangalore, Johannesburg, Russian, – China, Africa, Europe

☆ BRICS expansion hopefuls seek to rebalance world order
▼ + stars: | 2023-08-21 | by ( Joe Bavier | ) www.reuters.com time to read: +6 min

[1/6] People walk past the Sandton Convention Centre, which will host the upcoming BRICS Summit, in Johannesburg, South Africa August 19, 2023. The wealthy West's domination of international bodies, such as the United Nations, the International Monetary Fund or the World Bank. DEVELOPING WORLD DISCONTENTWhile BRICS has not divulged a full list of expansion candidates, a number of governments have publicly stated their interest. Others want changes at the World Trade Organization, International Monetary Fund and World Bank. Its BRICS trade has indeed increased steadily since it joined, according to an analysis by the country's Industrial Development Corporation.

Persons: James Oatway, Rob Davies, South, bode, Vladimir Putin, Steven Gruzd, BRICS, Ramón Lobo, Gruzd, Lucinda Elliott, Deisy, Yousef Saba, Gustavo Palencia, Lamine Chikhi, Ahmed Eljechtimi, Tomasz Janowski Organizations: Sandton, REUTERS, United Nations, International Monetary Fund, World Bank, BRICS, Observers, South African Institute of International Affairs, U.S ., Reuters, United, Emirates, World Trade Organization, Argentine, New Development Bank, Russia, Industrial Development Corporation, South, Thomson Locations: Johannesburg, South Africa, JOHANNESBURG, Iran, Argentina, Brazil, Russia, India, China, Ukraine, Venezuela, Gulf, Saudi Arabia, Ethiopia, Nigeria, United Nations, United States, Montevideo, Caracas, Dubai, Tegucigalpa, Lamine, Algiers, Rabat

☆ A 33-year-old who built up a 6-figure net worth through 'lazy investing' says even though 2022 was a 'a decidedly bad year for investors,' he didn't change his investment strategy. Here's what his por
▼ + stars: | 2023-08-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

After paying off $42,000 worth of debt, he got serious about investing and built up a six-figure net worth through "lazy investing" while saving for his first home simultaneously. He reacted to the 2022 downturn similarly to how he did when the stock market crashed in 2020: apathetically. These are Vanguard, Fidelity, and Schwab's total stock market index funds. Another component of the lazy investing strategy is periodic rebalancing. It probably shouldn't be any more than four times a year because then the 'lazy investing' turns a bit too hands on."

Persons: Jesse Cramer, Berkshire Hathaway, Cramer, haven't, I'm, hasn't, they're, Cramer rebalances, it's, Berkshire Hathaway Cramer doesn't, Warren Buffett, Charlie Munger, Hathaway, I'd Organizations: Berkshire, Vanguard, Fidelity Locations: Berkshire

☆ Bitcoin had a big drop late last week. Here's what sparked it, and why that volatility can persist
▼ + stars: | 2023-08-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin's back to its volatile ways after its big move down late last week — but not for the reason investors expected. Aside from the mismanaged crypto lenders (and FTX) that plagued the crypto market in 2022, the Federal Reserve's inflation-fighting rate hiking campaign played a big part in bitcoin's downward price pressure. "The volatility will have a persistence if we're going to stay here at an elevated real rate environment," he told CNBC. Even if the Fed doesn't raise interest rates anymore, the crypto space seems more focused now on real rates and keeping them elevated to fight inflation. Having institutions with an established long core holding would act as a stabilizing force for Bitcoin, Connors added.

Persons: it's, Mark Connors, 3iQ, We're, headwinds, Connors, It's, that've, Bitcoin, —, Jeff Cox Organizations: CNBC, SEC, Fidelity Locations: BlackRock

☆ Buy this Mexico-based telecom stock after a recent pullback, Citi says
▼ + stars: | 2023-08-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Citi says América Móvil's stock recent pullback is a buying opportunity. The firm upgraded the Mexican telecom stock to buy from neutral in a Wednesday note and hiked its price target to $23.50. AMX YTD mountain América Móvil stock has added 2.4% from the start of the year. "Both together are opening what we think is an attractive entry point to add on AMX stocks," Cardona said. "We also see the AMX buyback program as likely to speed up over 2H23 on NWC [can't find what this means] seasonality."

Persons: Andrés Cardona, rebalance, Cardona, — CNBC's Michael Bloom Organizations: Citi

☆ Stocks making the biggest moves midday: Walmart, CVS Health, Wolfspeed and more
▼ + stars: | 2023-08-17 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Cisco Systems — Shares of the computer networking giant added 4% after reporting earnings postmarket Wednesday that beat Wall Street's expectations. Adjusted earnings per share for its fiscal fourth quarter came in at $1.14, topping the $1.06 expected from analysts polled by Refinitiv. Revenue was $15.2 billion, compared with the $15.05 billion expected. The company reported adjusted earnings of $1.84 a share, ahead of the $1.71 expected by analysts polled by Refinitiv. Wolfspeed — Shares of the semiconductor developer dropped 16% following the company's earnings report after the bell Wednesday.

Persons: Mark Cuban's, Rosenblatt, Ball, Adyen, Wolfspeed, América, MSCI rebalance, —, Jesse Pound, Tanaya Macheel, Alex Harring, Samantha Subin, Michelle Fox Theobald Organizations: Cisco Systems —, Refinitiv, Revenue, Walmart, Refinitiv . Revenue, Street Journal, CVS, Blue, California, CVS Caremark, Amazon Pharmacy, FactSet . Investment, BAE Systems, Nasdaq, VinFast, Citi

dowell | Moment | Getty ImagesIf you're sitting on profitable assets, there's a lesser-known tax-gain harvesting strategy, which can help rebalance your portfolio or trim future taxes. While tax-loss harvesting can be popular during a stock market downturn, tax-gain harvesting — or strategically selling appreciated brokerage account assets — can also be beneficial, depending on your financial goals, experts say. One of the key opportunities for tax-gain harvesting is for investors who fall into the 0% capital gains bracket, which applies to long-term capital gains, or assets owned for more than one year. The 0% bracket allows you to sell a certain amount of profitable assets without triggering capital gains taxes, which provides a chance to take the proceeds or rebalance your portfolio, according to Brown. While the so-called wash sale rule blocks investors from claiming a tax benefit after selling a losing asset and repurchasing within 30 days, the law doesn't apply when harvesting gains, Collado said.

Persons: dowell, Judy Brown, Brown, Marianela Collado, Collado Organizations: SC, H, D.C, Financial, CPA Locations: Washington, Baltimore, Plantation , Florida

☆ This cash cows ETF is hitting record highs. These stocks are driving it
▼ + stars: | 2023-08-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

A popular ETF focused on cash flow is finding its footing again after lagging the broader market in the first half of 2023. The Pacer U.S. Cash Cows ETF (COWZ) has set several recent highs over the past two weeks, including closing at a record $51.49 per share on Wednesday. The index consists of Russell 1000 stocks with the best free cash flow yield. "The rebalance every 90 day is sort of the key because it keeps the focus on the most current free cash flow yield, and the names with the highest free cash flow yield. "When you focus on high free cash flow yield names, you actually end up owning companies who grow their earnings faster than their index," he added.

Persons: COWZ, Russell, Sean O'Hara, Morningstar, O'Hara Organizations: The Pacer U.S, Cash, Nasdaq, Energy, Chevron, Booking Holdings

☆ 1 in 5 Americans have inactive 401(k)s worth thousands of dollars—here's how to reclaim yours
▼ + stars: | 2023-08-09 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

But in doing so, they've left behind inactive 401(k) accounts with average balances of $55,400, a new study reveals. An estimated 1 in 5 U.S. workers have left behind or forgotten 401(k) retirement accounts, according to estimates by Capitalize, a financial services company. While funds in old 401(k)s can still grow over time, they're typically considered inactive if you're no longer on the payroll. The problem with inactive 401(k) accounts is that they are easily lost or forgotten over time, especially since most account holders don't regularly update their contact information with old employers. To consolidate your 401(k)s, you'll first need to track down all of your accounts, including ones you may have forgotten about.

Persons: they've, Cash, Kevin Brady Locations: U.S, New York City

☆ Guggenheim predicts a moderate recession in 2024. Here are three steps to shore up your portfolio
▼ + stars: | 2023-08-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

A soft landing for the economy is looking unlikely, and now is the time to prepare your portfolio for a rocky 2024, according to Maria Giraldo of Guggenheim Investments. Contrary to the soft landing — and interest rate cuts — expected by many investors, Guggenheim sees a moderate recession looming in the new year. Instead, Guggenheim predicts both an economic downturn and lower interest rates in 2024. "We're seeing the impact of higher interest rates and higher funding costs on banks." She noted that investment-grade corporate bonds are yielding 5.5% to 6%.

Persons: Maria Giraldo, Guggenheim, Giraldo, Schwab Organizations: Guggenheim Investments, SEC

There are multiple types of index funds, including:Broad market index funds: Index funds that try to track the overall performance of an entire asset class throughout the entire stock market. Fixed-income and debt index funds: Index funds that track bond indices for low expense ratios. International index funds: Index fund that invests funds in assets outside of the US. Sector-based index funds: Index funds that invest funds in a specific sector of the market, such as technology or even certain company services. Socially responsible index funds: Similar to sector-based index funds, socially responsible index funds invest specifically in companies that focus on environmental, social, and governance (ESG) services.

Persons: Warren Buffett, It's, Julian Schubach, Louis, Ameritrade, Charles Schwab, you've, Schwab Organizations: Service, Independence, US, Rutgers, Nasdaq, Nasdaq Stock Market Dow, NYSE, New York Stock Exchange, U.S, Federal Reserve Bank of St, Market, Fidelity, Vanguard, Chevron Locations: Wall, Silicon, Chevron

☆ US job growth slowing but labor market still tight
▼ + stars: | 2023-08-04 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The Labor Department's employment report on Friday also showed job growth in May and June was revised lower, potentially suggesting demand for labor was slowing in the wake of the Federal Reserve's hefty interest rate hikes. "We haven't approached that fork in the road yet, but there is still a strong possibility that the labor market can rebalance without a recession." The job growth in June was the weakest since December 2020. With the labor market still tight, wages continued to rise at a solid clip. "The Fed will take comfort from moderating job growth, but will continue to fret about the tight labor market," said Sal Guatieri, a senior economist at BMO Capital Markets in Toronto.

Persons: Elizabeth Frantz, Nick Bunker, Sal Guatieri, Lucia Mutikani, Diane Craft, Paul Simao Organizations: REUTERS, Labor, Data, Reuters, Reuters Graphics Reuters, Employment, Treasury, BMO Capital Markets, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, Toronto

☆ The IPO market is waking up, and an ETF that tracks new stocks is soaring. How it works
▼ + stars: | 2023-08-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

As stocks fell into a bear market last year and interest rates jumped sharply, the market for initial public offerings ground to a halt. And investors have warmed up to less-proven stocks in general, as shown by the Renaissance IPO ETF (IPO) . IPO YTD mountain The Renaissance IPO ETF has outperformed the S & P 500 in 2023. The fund does not have any restrictions around concentrations in specific industries. "Right now, it's very tech-heavy, which is to be expected after 2021 when a lot of big tech companies went public," Spear said.

Persons: Avery Spear, Spear Organizations: Tech, FTSE Russell, Renaissance

☆ 37% of baby boomers have more stock exposure than they should, Fidelity says. These 4 tips can help
▼ + stars: | 2023-07-29 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

Simon Potter | Getty ImagesWhen it comes to stocks, investors face a big question: How much exposure is enough? At Fidelity, the allocations to equities in retirement funds are about 10% higher than where they should be, Shamrell said. watch nowSome of those investors with excess stock exposure may simply need to rebalance after recent market highs, Shamrell said. Experts say having the right mix of equities can go a long way toward helping retirees meet their financial goals. Importantly, a client's personal circumstances drive these goals, McClanahan noted.

Persons: Simon Potter, Mike Shamrell, boomers —, Shamrell, Carolyn McClanahan, McClanahan, Carl Smith, Sri Reddy Organizations: Getty, Fidelity Workplace, Security, Fidelity, Planning Partners, CNBC's, Principal Financial, iStock Locations: Jacksonville , Florida

I didn't really know all the details when I first set up my retirement plan years ago. My retirement plan focuses on a variety of index funds with low fees now. I rolled my old 403(b) into a traditional IRA plan at Fidelity, where my Roth IRA was housed. My Roth IRA was in a targeted retirement plan then, meaning the investments would rebalance to become less aggressive as I neared retirement. Once I made the index funds switch for my IRAs, I got started on my husband's retirement accounts.

Persons: Roth, IRAs, Roth IRAs, that's, R.J, Weiss, It's Organizations: Service, Fidelity, Roth IRA Locations: Wall, Silicon, Minneapolis

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