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WASHINGTON/NEW YORK, March 11 (Reuters) - The rapid unraveling of SVB Financial Group (SIVB.O) has blindsided the banking industry after years of stability. Investors and customers now face a nervous wait to see if SVB bank finds a buyer quickly. During the 2008 financial crisis, Washington Mutual found a buyer immediately. One area of particular focus could be larger regional banks, which saw some rule relief under the Trump administration. U.S. banking regulators said in October they were considering new requirements on large regional banks, including holding more long-term debt to weather losses.

☆ Ether hits 2-month low as New York AG labels crypto token as security
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

March 10 (Reuters) - Cryptocurrency token Ether fell to its lowest in two months on Friday after the New York attorney general labeled it a security, bracketing it with assets such as stocks and bonds and fueling fears of a wider regulatory crackdown. New York Attorney General Letitia James on Thursday referred to Ether as a security in her lawsuit against KuCoin for failing to register with the state before facilitating cryptocurrency transactions on its platform. "The situation in Ethereum (the blockchain that underpins Ether) could get real ugly," investment research firm Citron Research tweeted. loadingThe world's second-biggest cryptocurrency token was trading around $1,390, its lowest since January 10. The crypto industry and regulators have been in a tussle over the categorization of crypto assets as securities, which would subject digital asset firms to stricter oversight.

The SFDR defines sustainable investment as contributing to "an environmental or social objective", assessed by indicators such as use of raw materials or production of waste. The people Reuters spoke to said discrepancies among fund portfolios reflected a lack of clarity from the Commission over what constitutes a sustainable investment. Reuters GraphicsReuters GraphicsTEMPERATURE GAUGEMSCI, the finance industry data provider, has developed a way of checking on investment funds' green credentials with its ESG Implied Temperature Rise tool. Among them, for example, are BlackRock's Sustainable Energy Fund, Nordea's Global Climate and Environment Fund and Pictet's Global Environmental Opportunities Fund. "The characterisation of what constitutes a sustainable investment under the SFDR is also a concept that needs further clarifications at European level."

SummarySummary Companies Tech bank's troubles panic marketsFears spread over fallout from rising interest ratesBanks vulnerable as bond values dropLONDON, March 10 (Reuters) - For months, investors had shrugged off the threat of rising interest rates. In SVB's case, venture capital clients, unable to raise cash elsewhere, pulled money from the bank, forcing its hasty sale of bonds at a loss. In February, U.S. regulators said U.S. banks had unrealised losses of more than $620 billion on securities, underscoring the scale of the risks. Jason Benowitz, senior portfolio manager at CI Roosevelt, said SVB's risks were not unique with many banks sitting on such unrealised losses because rates have moved so rapidly. "The SVB situation is a reminder that many institutions are sitting on large unrealised losses," said AJ Bell investment research director Russ Mould.

☆ Tesla a 'screaming buy' or bellwether for zombie stocks? The bulls and bears state their case
▼ + stars: | 2023-03-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Tesla's stock closed at $193.81 on Monday — 49.2% off its 52-week high, compared to an average drop of 18% among its peers, according to FactSet. Over the year so far, Tesla shares are up around 57%, but looking ahead, analysts are divided on the company's prospects. The bears: 'Bellwether' for zombie stocks Apart from the recent price cuts, Tesla has hinted at a cheap, next-generation model that would cost $25,000. David Trainer, CEO of investment research firm New Constructs, said that it's "nosebleed high because the cash flow expectations baked into the stock price are unreasonably optimistic." And you look at the relative growth to large cap tech companies and it's a screaming buy," he said.

☆ Wall St Week Ahead Defensives may not be safe place to hide as stock market stumbles
▼ + stars: | 2023-03-03 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

"Last year it was really easy to hide out in defensives," said Anthony Saglimbene, chief market strategist at Ameriprise Financial. When compounded by the fact that some defensive stocks carry relatively expensive valuations, investors may avoid them even if the broader market sours. The S&P 500 was last up 3.7% in 2023, but had pulled back since posting its best January performance since 2019. However the sector's financial prospects this year are relatively weak; S&P 500 healthcare earnings are expected to fall 8.3% against a 1.7% increase for the overall S&P 500, according to Refinitiv IBES. Should concerns about recession spike, as they did last year, defensives could outperform again on a relative basis, according to investors.

☆ Wall St Week Ahead: Defensives may not be safe place to hide as stock market stumbles
▼ + stars: | 2023-03-03 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

☆ Tesla bulls and bears are duking it out and one strategist now thinks Elon Musk's car company is "boring"
▼ + stars: | 2023-03-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The presentation did, however, lay out broad plans aimed at making Tesla the largest car company in the world. The announcements were tepid enough that strategists at Vanda Research wrote in a note to clients that this month could see a sell-off for Tesla stock. That said, Zacks Investment Research forecasts 30% upside for Tesla, and that climb could happen in 2023. While Tesla has long been touted as innovative and futuristic over the last decade, Bespoke Investment Group concluded that the company is now actually a normal, boring car maker. The stock market is getting the jitters with a key bearish signal flashing red again.

☆ Tesla stock could spike nearly 30% over the next year with aid from its coming Cybertruck, equity strategy chief says
▼ + stars: | 2023-03-02 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Tesla shares are likely to rise by nearly 30% to $260 in the next six to 12 months, says Zacks. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. "I think that's doable," John Blank, chief equity strategist at Zacks, told CNBC's "Squawk Box Europe" on Thursday. I think $260 is where we're headed." And I think that's the real message we should hear about this whole Cybertruck," the strategist said.

☆ Tesla stock 'gets boring' as the market drills into the EV's company metrics and treats it more like a traditional automaker, investment research firm says
▼ + stars: | 2023-03-02 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Tesla stock "gets boring," Bespoke Investment Group said after the EV maker's update. Wall Street's expectations for Tesla look more like those for a traditional carmaker and less like a disruptor, it said. Bespoke spotted the highest correlation between Tesla stock and other automakers since 2016. Despite the latest sell-off, Tesla stock is still up more than 50% so far this year, while GM is up 16% and Ford is up 6%. About Tesla's update: "Some key takeaways, in general, are that [Tesla is] still in the rapid growth phase, in our opinion," Mahoney said.

☆ Here are the top ways the world's ultra-rich spent their money last year, including pouring $455 billion into commercial real estate
▼ + stars: | 2023-03-01 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

The world's rich invested $455 billion in commercial properties in 2022, according to Knight Frank's wealth report. Whether in a private capacity or through a family office, the world's wealthy invested $455 billion in commercial properties, according to Knight Frank's wealth report released on Wednesday. Private capital also surpassed investments from institutions, which poured $440 billion in commercial property, down 28% from the year before. Investments in luxury collectibles increased by 16% last year, according to the Knight Frank Luxury Investment Index. Despite the increased investment, the world's ultra-rich ultimately lost $13.8 trillion, or 13.6%, of their wealth in 2022.

☆ Club holding Meta is likely to be a winner in the nascent generative AI battle
▼ + stars: | 2023-03-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Meta Platforms (META) is muscling its way into a heated AI arms race just as competitors Microsoft (MSFT) and Alphabet (GOOGL) are making big strides. Generative AI encompasses a set of machine learning techniques that allow computers to generate text, images and other media in response to human queries. The Facebook parent's generative AI capabilities are competitive, according to Mark Zgutowicz, a research analyst at Benchmark. META 1Y mountain Meta Platforms (META) one-year performance. We also expect Meta to benefit from it's partnership with Club holding Nvidia (NVDA), whose semiconductors and related software are integral to the generative AI field.

☆ Be skeptical of funds that invest like politicians: 'The smart money is not even in the same building'
▼ + stars: | 2023-02-24 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Last year, a bipartisan bill seeking to ban members of Congress from trading stocks while in office fell short of a floor vote in the House. That's the conceit behind two recently unveiled exchange-traded funds from Subversive Capital and investment data firm Unusual Whales. One with the ticker symbol NANC invests in stocks purchased or sold by Democratic members of Congress and their spouses. The fund trading under the symbol KRUZ does the same for Republicans. "There are far cheaper ways to get that exposure than paying 75 basis points," says Todd Rosenbluth, head of research at investment research firm VettaFI.

☆ Baidu's Ernie Bot chatbot has 'tremendous potential,' says investment research firm
▼ + stars: | 2023-02-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBaidu's Ernie Bot chatbot has 'tremendous potential,' says investment research firmJohn Freeman of CFRA Research discusses the firm's position on Baidu and the Chinese tech company's plan to implement the chatbot in March.

☆ The Fed may hike interest rates another 3 times this year, Goldman says - and that would dial up pressure on stocks
▼ + stars: | 2023-02-21 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

The Federal Reserve could lift interest rates by another 75 basis points in total this year, Goldman Sachs says. The bank's chief economist suggested the Fed might raise rates at its March, May and June meetings to beat inflation. Most investors anticipate the US central bank will ease up on tight monetary policy or even start cutting interest rates this year as inflation cools. But with retail sales and payrolls surging and unemployment falling, there's a possibility the Fed may decide it has to keep ratcheting up interest rates. Higher interest rates encourage saving over spending and make borrowing more expensive, which tends to alleviate upward pressure on prices.

☆ Wall St Week Ahead Last year's laggards lead U.S. stocks' 2023 rebound, for now
▼ + stars: | 2023-02-11 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, Feb 10 (Reuters) - U.S. stocks that took a beating last year are surging in the early weeks of 2023, leading markets higher. A range of factors are driving the moves, including the attractiveness of beaten-up shares, a tailwind from falling bond yields and market participants unwinding bearish bets against stocks. “When interest rates fall, lower quality, longer duration assets do well," said Rob Almeida, global investment strategist at MFS Investment Management. That's weighed on stocks in the latest week, which saw the S&P 500 lose 1.1% after two straight weeks of gains. David Kotok, chief investment officer at Cumberland Advisors, is skeptical of the latest rally and some of the stocks leading the current run.

☆ What Carlyle wants from incoming CEO Harvey Schwartz: Fix the firm's lagging stock price as it faces a sour market
▼ + stars: | 2023-02-07 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +4 min

The firm's interim CEO, Bill Conway, said Schwartz will be tasked with boosting the stock price. First of all, we want to increase the stock price," said William Conway, a Carlyle cofounder and interim CEO. Notably, he has the opportunity to make some $180 million over five years, depending on how well the firm's stock performs, according to a regulatory filing. The uncertainty that came with the firm's scramble to find a new leader has weighed on the firm's stock price. On Tuesday morning, Carlyle stock dropped 3% while the S&P 500 fell less than 1%.

Faced with a shortage of US dollars, Pakistan only has enough foreign currency in its reserves to pay for three weeks of imports. Long lines are forming at gas stations as prices swing wildly in the country of 220 million. Pakistan’s currency, the rupee, recently dropped to new lows against the US dollar after authorities eased currency controls to meet one of the IMF’s lending conditions. The country has been spending more on trade than it has brought in, running down its stock of foreign currency and weighing on the rupee’s value. Pakistan's usually bustling ports, like this one in Karachi, have ground to a halt as the country grapples with a severe shortage of foreign currency.

☆ The largest hedge fund in the world just named a 37-year-old woman as a co-CIO. Meet the top 11 execs leading Bridgewater into its new era.
▼ + stars: | 2023-02-02 | by ( Alyson Velati | Michelle Abrego | ) www.businessinsider.com time to read: +12 min

Karen Karniol-Tambour will join co-CIOs Greg Jensen and Bob Prince to oversee the hedge fund's investment strategy. Despite a breakout year for many multi-strategy and macro hedge funds, Bridgewater lagged behind its peers. Nir Bar Dea, co-CEOBar Dea. Bridgewater AssociatesAs cochief investment officer, Jensen oversees Bridgewater's investment strategies and research efforts as well as its investment talent. Since joining Bridgewater in 1986, he has been a partner in building the hedge fund's investment process and products.

Foreign investors, many of them already underweight what they consider an overpriced stock market, are reducing exposure. "Only Adani Group is trading with these ridiculously high multiples, and that is the core of the problem." "At this point in time, I don’t think it’s a systemic risk," said Jimmy Lim, chief investment officer at Modular Asset Management in Singapore. "We don't think that there's going to be a default anytime soon, although I don't expect any kind of near-term resolution between Adani Group and Hindenburg," Chao said. Yet Chao expects the selloff to help bring Indian stock valuations to more "palatable levels" for investors.

The port-to-property group, led by Gautam Adani, one of the world's richest people, has denied the allegations and called them baseless, adding it has always made the necessary regulatory disclosures. "But from an offshore investor's perspective the allegations (made by Hindenburg) ... do not seem to be clearly addressed," he said. The U.S. short-seller has said Adani's "response largely confirmed our findings and ignored our key questions." Australia's corporate regulator said on Wednesday it would review the Hindenburg report as concerns raised also relate to Adani's Australian operations. Adani Enterprises lost nearly 6% on Wednesday to bring its losses since the Hindenburg report to more than $8 billion.

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☆ 2022's stock losers are this year's winners so far
▼ + stars: | 2023-01-30 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

But it’s still been a solid start to the year for the market — and many of last year’s losers have led the way on Wall Street so far in January. Discovery, which plunged nearly 60% last year, has surged 55% so far in 2023 and is the best performer in the S&P 500. Rising market tide lifting questionable boatsStill, some investors are worried this year’s market rally is eerily reminiscent of prior market bubbles. GameStop (GME) is up nearly 25%. “Most investors don’t realize the Fed has to fight the inflation in the stock market, too,” Trainer added.

☆ 3 of TikTok's most popular financial influencers want you to know one thing: There's no one quick way to get rich
▼ + stars: | 2023-01-29 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Most young Americans are on TikTok, and surveys have found that roughly a third of them are seeking financial guidance on the platform. The 34-year-old uses his knowledge to dole out investing advice for his over 500,000 followers across TikTok, Instagram, and Patreon. He produces what he hopes is "entertaining but also educational" financial content for his 1.6 million TikTok followers, he told Insider. He says "absolutely nothing" he posts should be taken as financial advice, however. That said, he shares his investing tips and opinions with his audience, as well as what has helped him personally as a crypto investor.

☆ Mastercard warns of slower revenue growth as travel growth plateaus
▼ + stars: | 2023-01-26 | by ( Niket Nishant | ) www.reuters.com time to read: +2 min

[1/2] A 3D printed Mastercard logo is seen in front of displayed stock graph in this illustration taken September 20, 2021. REUTERS/Dado Ruvic/IllustrationJan 26 (Reuters) - Mastercard Inc (MA.N) forecast current-quarter revenue growth short of Wall Street estimates on Thursday, saying the boost from pent-up demand for travel will diminish going forward. After the Federal Reserve's rate hikes for most of last year, the economy has begun to show some signs of slowing down, with wide-ranging layoffs and fears of a recession spooking consumers into saving more, which is likely to impact travel growth. "Mastercard’s payment volume growth in Q4 2022 remained strong. Mastercard said it expects first-quarter revenue to grow at the "high-end of high-single digits range", while analysts had estimated a growth of 10.7%, according to Refinitiv IBES data.

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