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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.

☆ WWE in talks with state gambling regulators to legalize betting on scripted match results
▼ + stars: | 2023-03-08 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

WWE is in talks with state gambling regulators in Colorado and Michigan to legalize betting on high-profile matches, according to people familiar with the matter. WWE executives have cited Oscars betting as a template to convince regulators gambling on scripted matches is safe, the people said. Still, while Academy Awards voting results are known by a select few before they're announced publicly, they aren't scripted by writers. Even if regulators allow gambling, betting companies would have to decide if they're willing to place odds on WWE matches even if it's legalized. Gambling regulators in Michigan and Colorado didn't immediately respond to a request for comment.

☆ These 8 stocks are cheap and are expected to see strong earnings growth this year
▼ + stars: | 2023-02-22 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

But there are some stocks that appear more reasonably priced, at least by one common valuation yardstick. The companies listed are also expected to see earnings per share growth of at least 10% this year. According to FactSet, 81% of Wall Street analysts have a buy rating on the stock. Financial stocks often trade at lower P/E ratios than the market as a whole, due in part to their slower growth prospects, but insurance company Metlife offers some attractive upside, according to analysts. According to FactSet, 65% of analysts have a buy rating on Metlife, with an average upside of 17% from current levels.

☆ Wall Street has purchased hundreds of thousands single-family homes since the Great Recession. Here's what that means for rental prices
▼ + stars: | 2023-02-21 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +3 min

Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management. And a group of Washington, D.C., lawmakers believe that Wall Street needs to back away from the market. Khanna is the lead author of the Stop Wall Street Landlords Act of 2022. "What's outrageous is your tax dollars are helping Wall Street buy up single-family homes," he said in an interview with CNBC. Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent, Invitation Homes have each bought thousands of homes.

☆ Fact Check-Video shows a Goodyear blimp, not a UFO or alien spacecraft
▼ + stars: | 2023-02-15 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video of a Goodyear blimp flying over New Jersey in 2020 is being shared online as if it is recent footage of a UFO. A tweet sharing the video said: “UFO BREAKING: REAL ALIEN SPACECRAFT CAPTURED ON HIGHWAY” (here). CBS 8 San Diego aired a closer view of the Goodyear blimp at the time, acknowledging that residents confused the blimp for a UFO (here). In 2018, an alleged UFO sighting turned out to be a Goodyear blimp covering a NASCAR race, according to news reports at the time (here) and (here). The object in the video is a Goodyear blimp in New Jersey in 2020, not a recent UFO sighting.

☆ How small-business owners can address pay equity, according to a startup founder trying to build generational wealth for employees of color
▼ + stars: | 2023-02-14 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

Yemi Rose is the founder of OfColor, a startup helping workers of color build generational wealth. Rose shared his insights on how small businesses could reach pay equity for employees of color. Before starting OfColor, Rose spent 16 years workings for financial and consulting firms like Thomson Financial and KPMG. In a conversation with Insider, Rose shared his thoughts on how small-business owners could reach pay equity for their employees of color. Before launching OfColor, Rose wanted to become an expert on the systems dictating wealth across America.

☆ MetLife profit falls 33% as market turmoil hits investment income
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

Feb 1 (Reuters) - MetLife Inc (MET.N) reported a 33% drop in fourth-quarter adjusted profit on Wednesday as a global market rout hurt the U.S. insurer's investment returns. Adjusted premiums, fees and other revenues - excluding pension risk transfers (PRT) - decreased 1% to $11.4 billion. Still, improving underwriting trends in the United States, Europe and Latin America, alongside lower COVID-19 life insurance claims, partially offset the hit to its investment income. U.S. adjusted earnings climbed 20% in the quarter, while Latin America and EMEA jumped 45% and 67%, respectively, on a reported basis. The company posted adjusted profit of $1.2 billion, or $1.55 per share, for the three months ended Dec. 31, compared with $1.8 billion, or $2.17 per share, a year earlier.

☆ Morning Bid: A quart and two halves
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +5 min

A look at the day ahead in U.S. and global markets from Mike Dolan. February kicked off on Wednesday without too much trepidation about how all that will pan out. Before the Fed announcement, ADP releases its January private sector employment readout for last month and markets will also scan the December JOLTS job openings report. While markets await the 'Triple-A' of Big Tech releases on Thursday, Meta (META.O) is due to report later today and the dour news from elsewhere in the tech sector kept coming. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ These midcap stocks are cheap and expected to see booming earnings growth in 2023
▼ + stars: | 2023-01-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

In a year when corporate earnings are broadly expected to deteriorate , some midcap names with cheap valuations are forecast to see strong earnings growth. However, the blended S & P earnings decline for the fourth-quarter is -5%, per FactSet. Midcap stocks are faring slightly better, with the S & P 400 MidCap up nearly 8% year to date. Each is also expected to post earnings growth of at least 20%, per FactSet. Earnings growth at $8.3 billion market cap company is expected to expand by nearly 32% and it has a P/E of 10.4.

☆ Jobs report to give clues about where economy is headed
▼ + stars: | 2023-01-29 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

Investors will get another clue when the January jobs report is released on Friday. Economists predict that 185,000 jobs were added last month, a slowdown from the gain of 223,000 jobs in December and 263,000 in November. A further deceleration in the labor market would likely please the Fed, as it would show that last year’s rate hikes are successfully taking some air out of the economy. Along those lines, average hourly earnings, a measure of wages that is also part of the monthly jobs report, are expected to increase 4.3% year-over year. So far, tech earnings season is not off to an inspiring start, with Microsoft (MSFT), Intel (INTC) and IBM (IBM) all reporting weak results.

☆ Stocks may face an inflection point in the week ahead as the Fed meets and Apple posts earnings
▼ + stars: | 2023-01-27 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The Fed's meeting Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S & P 500 reporting that week. The most important day for earnings is Thursday, when Apple , Alphabet and Amazon report after the bell. The Nasdaq Composite was up 11% for the month as of Friday afternoon, well ahead of the 6.2% gain in the S & P 500. Traders have been watching the S & P 500 edge closer to the key threshold of 4,100 , its high from December. AAPL 1Y line apple Apple is also important because of the signals it can send about the strength of the consumer, supply chains and China's reopening.

☆ NYSE's Tuesday trading glitch explained — Why some of the trades may be busted
▼ + stars: | 2023-01-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Dozens of stocks opened at prices well above or below their prior day closing prices. Every day, stocks open at the NYSE at or near 9:30 a.m. There is only a single opening price, which is determined by thousands of orders to buy and sell individual stocks. A single price is then quoted at the open and all orders are aggregated into a single opening "auction print." Most likely, the "correct" opening price will be the price when the stocks reopened.

☆ FuboTV insiders describe how its 'doomed' sportsbook collapsed in a year — and what it means for the future of the streaming company
▼ + stars: | 2023-01-19 | by ( Colin Salao | Ashley Rodriguez | ) www.businessinsider.com time to read: +22 min

But despite the MetLife lounge remaining open throughout the 2021-22 NFL season, the Fubo Sportsbook wouldn't launch in New Jersey until the following one, in September 2022. "It was doomed from the start," one former Fubo Gaming staffer told Insider. Meanwhile, Rattner — whom the first former Fubo gaming staffer described as a "good talker" — sustained the startup's more youthful culture. The Fubo Sportsbook launched in New Jersey on September 7, days before the first Jets home game. A promotional image from when the Fubo Sportsbook went live in New Jersey in September 2022.

A shopping cart sits in the parking lot at a Babies "R" Us store on January 24, 2018 in Chicago, Illinois. Babies R Us is trying to make a comeback. WHP Global, a brand management firm, owns the retailer's parent company, Tru Kids. "Our plan to open Babies R Us at American Dream in the coming months is a huge milestone in the return of Babies R Us to the U.S.A., and it sets the stage for a national rollout of Babies R Us in the future," Shmidman said. American Dream, which has had its own struggles, is located near MetLife Stadium, about 10 miles outside New York City.

☆ Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Alibaba, Meta, Uber & more
▼ + stars: | 2023-01-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Bernstein reiterates Apple as market perform Bernstein said it's concerned about disappointing iPhone revenues for Apple. Guggenheim upgrades AutoZone to buy from neutral Guggenheim said it sees "operational improvement" for the auto parts retailer. KeyBanc upgrades Visa and Mastercard to overweight from sector weight KeyBanc upgraded several credit card stocks on Monday and said it sees "growth durability." "Bank stocks face another year of uncertainty with revenue forecasts challenged, provisions for credit on the rise, and capital return mostly sidelined ahead of a recession." Bank of America names Ferrari a top 2023 pick Bank of America said the luxury car company has pricing power.

☆ WWE shares jump as Vince McMahon stages comeback
▼ + stars: | 2023-01-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Vince McMahon is staging a comeback at World Wrestling Entertainment , months after he retired from the company over a sexual misconduct scandal. McMahon said that his return is necessary as the company gears up for negotiations over media rights and strategic alternatives. WWE, which styles itself as a media company, has been mentioned as a potential acquisition target. McMahon retired last year amid an investigation into payments the former CEO made regarding alleged instances of sexual misconduct. A special committee probe found that McMahon had paid nearly $15 million to four women over the course of 16 years in order to silence sexual misconduct allegations.

☆ Wall Street landlords who've stockpiled $110 billion are lying in wait for their biggest American home-buying spree yet
▼ + stars: | 2022-12-22 | by ( James Rodriguez | Daniel Geiger | ) www.businessinsider.com time to read: +11 min

Institutional investors have earmarked as much as $110 billion to buy or build single-family homes. Institutional investors now own about 3% of the roughly 20 million single-family-rental homes in the US, according to Roofstock, an online marketplace for single-family investment properties. That would be nearly 9% of the roughly 88 million single-family homes in the US, according to the Census Bureau's most recent statistics from 2020. Better deals expected in the years aheadThere are signs the institutional investors won't have to wait long to begin buying. That leaves between roughly $70 billion and $80 billion that could still flow into the sector.

☆ DeVante Parker: NFL says it is reviewing an apparent head injury incident during Monday's Patriots game
▼ + stars: | 2022-12-14 | by ( Kevin Dotson | ) edition.cnn.com time to read: +27 min

CNN —The NFL and the NFL Players Association are looking into an incident in which an apparent head injury to New England Patriots wide receiver DeVante Parker seemingly went unnoticed by medical staff and spotters, league spokesman Brian McCarthy tells CNN. Jeff Dean/AP Los Angeles Chargers wide receiver Mike Williams catches a pass against Miami Dolphins cornerback Xavien Howard on December 11. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Cardinals vs Patriots: Arizona's woes continue as Kyler Murray hurt in 27-13 loss to New England
▼ + stars: | 2022-12-13 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +27 min

Jeff Dean/AP Los Angeles Chargers wide receiver Mike Williams catches a pass against Miami Dolphins cornerback Xavien Howard on December 11. Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ From Disney to Target to Boeing, retirement is a thing of the past for CEOs
▼ + stars: | 2022-12-11 | by ( Bob Woods | ) www.cnbc.com time to read: +5 min

SUN VALLEY, ID - JULY 13: (L-R) Bob Iger, chairman and chief executive officer of The Walt Disney Company, Dick Costolo, former chief executive officer of Twitter, Lachlan Murdoch, co-chairman of Twenty-First Century Fox, Sundar Pichai, chief executive officer of Google, and Randall Stephenson, chief executive officer of AT&T, mingle during the annual Allen & Company Sun Valley Conference, July 13, 2018 in Sun Valley, Idaho. The average tenure for departing CEOs during that same time period was about 11 years, up from nine years in 2020. That's not surprising, because of the impact of the pandemic and [other] crises, where boards put CEO succession on hold," Anterasian said. "In our research, boards put CEO succession on hold during crises," Anterasian said. At Disney, Iger has said he will only stay on for two years before a successor takes over.

☆ Here are Friday's biggest analyst calls: Apple, Tesla, McDonald's, Netflix, Carvana, Microsoft & more
▼ + stars: | 2022-12-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Cowen names Costco a top 2023 pick Cowen said Costco is well positioned in a deteriorating macro environment. " Cowen names Caterpillar a top 2023 pick Cowen said the company is well positioned heading into 2023. Cowen names Netflix a top 2023 pick Cowen said it sees free-cash flow ramping up for Netflix in 2023. Morgan Stanley reiterates Apple as overweight Morgan Stanley said investors should take advantage of any weakness and buy the dip in shares of Apple . Morgan Stanley reiterates Lululemon as overweight Morgan Stanley said the company's fundamentals remain strong after its earnings report on Thursday. "

☆ Henry Anderson: Carolina Panthers defensive end reveals he recently had stroke -- but wants to play on Sunday
▼ + stars: | 2022-12-08 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +26 min

Tony Gutierrez/AP Buffalo wide receiver Stefon Diggs digs into a turkey leg after the Bills defeated Detroit on Thanksgiving Day. Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Von Miller: Buffalo Bills defensive star is out for the season with torn ACL
▼ + stars: | 2022-12-08 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +25 min

Tony Gutierrez/AP Buffalo wide receiver Stefon Diggs digs into a turkey leg after the Bills defeated Detroit on Thanksgiving Day. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

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