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☆ Tensions are rising in the Boeing strike after the planemaker filed a complaint against the union
▼ + stars: | 2024-10-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The Boeing strike is growing increasingly ill-tempered as both sides have filed NLRB complaints. AdvertisementBoeing filed a complaint on Thursday with the National Labor Relations Board against the union representing 33,000 of its workers. Rising tensions are palpable, and a longer strike would continue to hurt Boeing. AdvertisementBank of America analyst Ron Epstein estimated that the strike is costing Boeing $50 million a day. "Given that position, further negotiations do not make sense at this point," Stephanie Pope, CEO of Boeing Commercial Airplanes, told employees in an email Tuesday.

Persons: —, Ron Epstein, Boeing's, Kelly Ortberg, Stephanie Pope, Mike Fitzsimmons Organizations: Boeing, Service, National Labor Relations Board, International Association of Machinists, Aerospace Workers, IAM, NLRB, Bank of America, Business, Airplanes, Seattle Times, BI Locations: Seattle

☆ Saudi sovereign wealth fund allocates $5.2 billion in green bonds project amid diversification push
▼ + stars: | 2024-10-11 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

The PIF became the first sovereign wealth fund to issue a green bond back in October 2022. The mammoth sovereign wealth fund, which oversees $925 billion in assets, has a capital expenditure requirement of $19.4 billion for what it deems "eligible green projects," according to the PIF's annual report. Saudi Arabia has a stated goal of reaching net-zero greenhouse gas emissions by 2060 and has poured billions of dollars into what it says are sustainable development projects. It describes a water sustainability project planned for Neom that will develop "a fully-circular system to achieve water positivity" enabling "100% wastewater recapture and energy-neutral recycling." Neom Green Hydrogen — a joint venture between Neom and Saudi firms ACWA Power, Air Products — will be the world's largest green hydrogen plant and will operate "entirely on renewable energy," according to the report.

Persons: Prince Mohammed bin Salman's, Philip Oldfield Organizations: Saudi, Public Investment Fund, Renewable Energy, Green, Sustainable Water Management, United Nations Sustainable, University of New, ACWA Power, Air Products Locations: Saudi Arabia, Saudi, University of New South Wales, Neom

☆ Stock market today: Indexes close lower after CPI shows sticky inflation in September
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes slipped Thursday as investors priced in a higher-than-expected inflation reading. The data raises the possibility of a "no landing" scenario for the US economy. AdvertisementStocks fell on Thursday from records reached in the previous session, as traders took in a sticky inflation reading for September. September consumer price index data released on Thursday showed inflation rose 2.4% year-over-year, slightly above consensus forecasts of a 2.3% rise. AdvertisementThe core CPI reading, which excludes more volatile food and energy costs, was up 3.3% year-over-year and just above forecasts of 3.2%.

Persons: —, Stocks, Hurricane Milton, Jamie Dimon, Buffett Organizations: Traders, Service, Dow Jones, Nasdaq, Dow, CPI, Federal Reserve, Bank of America, Investors, Labor Department, Here's, Insurance Locations: Hurricane

☆ These income-generating assets are paying yields of more than 5%
▼ + stars: | 2024-10-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Preferred securities combine attributes of bonds and stocks. Yields for these instruments can top 5%, and this income may be tax advantaged for investors. Retail investors and preferreds The preferred securities sold to retail investors come at a fixed par value of $25. The iShares Preferred and Income Securities ETF (PFF) has an expense ratio of 0.46% and a 2024 total return, including reinvested dividends, of more than 11%. There is also the First Trust Preferred Securities and Income ETF (FPE) , which has an expense ratio of 0.84% and a total return of 12% in 2024.

Persons: Frank Sileo, Sileo Organizations: UBS Financial Services, UBS, BBB, Poor's, Investors, Securities ETF, Trust Preferred Securities

☆ Trump victory bad for bonds, good for risk assets, analyst says
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump victory bad for bonds, good for risk assets, analyst saysDaniel Loughney, head of fixed income at Mediolanum International Funds, discusses what the perfect fixed income portfolio looks right now, and what a Trump victory could mean for bonds and assets.

Persons: Daniel Loughney, Trump Organizations: Trump, Mediolanum

☆ Catastrophe bond investors unlikely to be dealt massive losses as Florida dodges Milton's worst-case scenario
▼ + stars: | 2024-10-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Hurricane Milton's impact on Florida won't cause major losses for catastrophe bond investors, portfolio managers say. Insurance companies still face significant losses, but cat bond investors aren't eyeing the worst-case scenario. AdvertisementThe impact of Hurricane Milton on Florida is unlikely to trigger massive losses for catastrophe bond investors. The losses for cat bond investors, therefore, might only be in the low-single digits. This will drive an increase in risk premiums, leading to higher return expectations for cat bond investors moving forward," Steiger said.

Persons: aren't, —, Helene, Milton, Chin Liu, Tanja Wrosch, That's, Florian Steiger, Steiger Organizations: Insurance, Service, Investors, Twelve, Bloomberg, Icosa, Progressive, Allstate, Chubb Limited, Swiss Locations: Florida, Hurricane Milton, Tampa, Milton

☆ Stock market today: Indexes decline after inflation comes in hotter than expected
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes dipped Thursday as investors took in hotter-than-expected inflation data. Traders see the latest data solidifying odds of a 25 basis point rate cut next month. AdvertisementUS stocks edged lower on Thursday as investors took in slightly hotter-than-expected inflation data after last week's blockbuster jobs report. The core CPI reading, which excludes food and energy costs, came in at 3.3% year-over-year, slightly above forecasts of 3.2% and 0.3% higher than the August reading. JPMorgan's top strategist, one of Wall Street's biggest bears, is turning upbeat on the stock market for the first time in two years.

Persons: —, Milton, Bill Gross Organizations: Traders, Service, CPI, Federal Reserve, JPMorgan, Labor Department, FEMA, Hurricanes Locations: Here's

As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. Typically, bond prices and market interest rates move in opposite directions. While it may be tempting to cling to cash, it will become “less attractive, less productive as interest rates fall,” Ward said. Many corporations leveraged rock-bottom interest rates during the pandemic to strengthen balance sheets and refinance debt, said Ward. As interest rates fall, those longer-maturity bonds should reward investors, experts say.

Persons: ”, Scott Ward, ” Ward, Ted Jenkin, Ward, “, Jenkin Organizations: Federal Reserve, dovish Fed, Fed, Morningstar, Bond, CNBC’s Locations: Birmingham , Alabama, Atlanta, “

☆ Here's what's on Gen Z's 'micro-spending' wish list
▼ + stars: | 2024-10-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Gen Z is choosing "micro-spending" over traditional financial milestones, analyst Riani Kenyon said. AdvertisementTwenty-somethings are ditching traditional financial milestones in favor of filling their wish lists with more instant forms of gratification. Gen Z is collecting trinketsSonny Angel dolls have become a hit with American Gen Zers. Related storiesThey're adhering to trendsHailey Bieber, a trendsetter for Gen Z, has many lining up to buy her beauty brand. RhodeAs the TikTok For You Page refreshes, so do the hot new items that Gen Zers must have.

Persons: Riani Kenyon, —, Ellyn Briggs, Meredith Whitney, Gen, Kenyon, Angel, Zers, Edmond So, Z, Sonny Angel, Sonny Angel unboxing, Hailey Bieber, Briggs, Gen Zers, Shawn Owens, Hailey Bieber's, It's, Owens, Stanley, Megan Willett, Owala, Todd Owyoung, Gen Z, That's Organizations: Service, Financial, American Express, China Morning, Getty, Dreams USA, Rhode, Wei, NBC Locations: TikTok, Hailey Bieber's Rhode

☆ One of Wall Street's biggest bears is turning upbeat on the stock market for the first time in 2 years
▼ + stars: | 2024-10-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

JPMorgan's top strategist had something positive to say about stocks for the first time in a while. "While it is too soon to assume that this is a turning point, it does suggest that a recession is unlikely in the near term." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But that seems to be changing, based on a Tuesday note from JPMorgan chief global equity strategist Dubravko Lakos-Bujas. "We are neutralizing our long Defensive and short Cyclicals view," Lakos-Bujas said.

Persons: Dubravko Lakos, Bujas, — Organizations: JPMorgan, Service, Reserve, Federal Reserve, & $ Locations: China, buybacks

☆ Less than half of Americans believe they're on track for retirement. Here's how to know and what to do if you're not.
▼ + stars: | 2024-10-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

A divide exists about reaching financial goals between confident and uncertain savers. Inflation and market volatility are major obstacles to achieving retirement savings goals. AdvertisementThere's a divide in America between the savers and investors who feel confident they're on track to achieve their financial goals and those who think they're not. Respondents cited inflation as the biggest obstacle to reaching retirement goals, followed by stock-market volatility, expenses, credit card debt, and child education. For example, if you're 35 with an income of $100,000, you should have between $100,000 to $200,000 set aside for retirement.

Persons: —, Rob Williams, Charles Schwab, boomer, Gen, Williams, you've, there's Organizations: Service, Schwab Center, Financial Research Locations: America

☆ Boeing's latest headache: a possible junk downgrade
▼ + stars: | 2024-10-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

S&P Global Ratings may downgrade Boeing bonds due to cash issues amid a strike. The strike risks Boeing's recovery and affects 737 Max production — and the company's cash flow. Moody's also recently put Boeing on a downgrade review. AdvertisementTo add to Boeing's list of troubles, S&P Global Ratings is considering downgrading its bonds because of the company's growing cash problems amid a mass workers' strike. Last month, another credit agency, Moody's, also put the company on a downgrade review, citing the strike and its impact on cash flow.

Persons: —, Moody's, Max Organizations: Boeing, Service Locations: Washington and Oregon, furloughing

☆ Stock market today: US stocks trade mixed with Fed minutes and rate outlook in focus
▼ + stars: | 2024-10-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

US stocks traded mixed as investors looked ahead to the central bank's meeting minutes. Traders are anticipating a quarter-point rate cut in November. Monetary policy is in focus after an unexpectedly hot job report in September, fueling doubt over whether the Fed will issue another jumbo rate cut this year. "The tone of the Fed minutes should not change expectations of further rate cuts—the Fed is still scrambling to catch up with inflation slowing in the US, and started cutting rates late. AdvertisementAccording to Pantheon Macroeconomics, the Fed is more likely to begin cutting rates in 25-basis-point increments rather than issuing another 50-basis-point rate cut.

Persons: —, Paul Donovan Organizations: Service, Reserve, UBS Global Wealth Management, Pantheon, Fed, US Department of Justice

☆ A Trump victory raises the risk of a US economic situation worse than recession, 'Dr. Doom' Nouriel Roubini says
▼ + stars: | 2024-10-09 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Nouriel Roubini says stagflation risk will rise if Donald Trump wins the election. AdvertisementThe US economy might confront a fate more challenging than a recession if Donald Trump retakes the White House, famed economist Nouriel Roubini said. According to Roubini, Trump's proposals would fuel these two key ingredients: lower growth and higher inflation. In July, JPMorgan's chief global strategist David Kelly called Trump's tariff and immigration policy mix an "elixir for stagflation." AdvertisementRoubini said tensions in the Middle East make the threat of stagflation under Trump worse.

Persons: Nouriel Roubini, Donald Trump, Doom, —, Donald Trump retakes, Trump, Kamala Harris, stagflation, Roubini, Larry Summers, David Kelly Organizations: Greenwich Economic, Treasury, Service, Bloomberg, Barclays, Republican, Peterson Institute, Trump Locations: Greenwich, Israel, Iran

☆ Billionaire 'Bond King' Bill Gross recommends 4 defensive investments for a bull market he sees losing steam
▼ + stars: | 2024-10-09 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Billionaire investor Bill Gross says the stock market's record-breaking run is set to slow. His favorite investments at the moment include MLP pipelines and municipal income funds. "No bear market, but it's not the same bull market anymore," Gross said, adding that equities are set for "low buy positive" returns going forward. He also sees municipal income funds as a worthwhile investment, as many have offered over 7% tax-free yields. Gross named the DWS Municipal Income Trust as one example but noted that there are between 20 and 30 others to choose from.

Persons: Bill Gross, —, it's, Gross, MLPs, Kamala Harris, Warren Buffett Organizations: Service, Annaly Capital Management, Trust Locations: DWS

☆ As interest rates fall, it's a 'fantastic time' to revisit bonds, advisor says — here's why
▼ + stars: | 2024-10-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. However, the Fed policy shift could be good for parts of the bond market, experts say. Typically, bond prices and market interest rates move in opposite directions. "This is a fantastic time to revisit bonds again," said certified financial planner Scott Ward, senior vice president of Compound Planning in Birmingham, Alabama. While it may be tempting to cling to cash, it will become "less attractive, less productive as interest rates fall," Ward said.

Persons: Scott Ward, Ward Organizations: Federal Reserve, dovish Fed, Finance, SEC, Fed Locations: Birmingham , Alabama

☆ Owners of 'catastrophe bonds' are staring down big losses as Hurricane Milton barrels toward Florida
▼ + stars: | 2024-10-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Hurricane Milton may cause major losses for catastrophe bond investors. AdvertisementThe back-to-back barrage of Hurricanes Helene and Milton could trigger big losses for investors in catastrophe bonds. However, on the other hand, a strong hurricane can trigger various clauses within catastrophe bonds, resulting in big losses for investors. AdvertisementHowever, according to RBC, higher reinsurance rates implemented following Hurricane Ian could soften the blow for cat bond investors, depending on the severity of Hurricane Milton. The potential for massive damage caused by Hurricane Milton, which is considered to be a once-in-a-generation event, is also dragging down global reinsurer stocks.

Persons: Milton, —, Hurricanes Helene, Hurricane Ian, Hurricane Milton, Helene, Hurricane Organizations: Service, Hurricanes, Investors, Swiss Re, Hurricane, Jefferies, RBC, Cat, Swiss Locations: Florida, Hurricane, Artemis, Hurricane Milton, North Carolina, Munich

☆ Stock market today: US stocks close at all-time highs ahead of key inflation update
▼ + stars: | 2024-10-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Indexes hit fresh all-time highs ahead of the key inflation report for September due Thursday. AdvertisementUS stocks jumped on Wednesday as traders looked ahead to coming inflation data and took in the minutes of the Federal Reserve's last meeting. The stakes of the next inflation reading have risen after the big September jobs number, and Wall Street could be in for some volatility in the event of an upside surprise, Bank of America said this week. Central bankers predicted inflation would fall to 2% by 2026, while risks to economic strength were "tilted to the downside." According to the CME FedWatch tool, the odds for another jumbo-sized rate cut in 2024 have fallen to zero.

Persons: —, Josh Hirt, Oliver Allen Organizations: Service, Dow Jones Industrial, Investors, Nasdaq, Justice, Treasury, Here's, Fed, Bank of America, Vanguard, Pantheon

☆ Boeing's negotiations with union leaders break down 2 days after restarting
▼ + stars: | 2024-10-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Boeing and union leaders resumed negotiations on Monday but reached a stalemate by the end of Tuesday. AdvertisementTalks between Boeing and union leaders have broken down two days after restarting. The first offer of a 25% pay rise was overwhelmingly rejected, while the union criticized Boeing for sending its second offer to the media and not negotiating with union leaders. "The company was hell-bent on standing on the non-negotiated offer," the union negotiating committee for IAM District 751 said on Tuesday. The IAM District 751 negotiating committee also said it "remains ready to continue mediated or direct talks."

Persons: —, Stephanie Pope, Pope, Ron Epstein, Jon Ostrower, Kelly Ortberg Organizations: Boeing, Bank of America, Service, International Association of Machinists, Aerospace Workers, IAM, The, Alaska Airlines Locations: Seattle, Pacific

☆ The backdrop is 'really stable' for U.S. stocks, UOB says
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe backdrop is 'really stable' for U.S. stocks, UOB saysAnthony Raza, head of multi-asset strategy at UOB Asset Management, says continued growth and the interest rate cuts that are likely to come make for a "great backdrop for investing, for both stocks and bonds."

Persons: UOB, Anthony Raza Organizations: UOB Asset Management

☆ The bull market turns two soon. History shows it should keep going, but some investors are wary
▼ + stars: | 2024-10-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Historical bull market records indicate that stocks are more than likely to rally further from here, according to Carson Group. The current bull market turns two years old this week (S & P 500 bottomed on October 12, 2022). Data from Carson Group analyzing S & P 500 data showed that the existing bull market is still just the second youngest of the 12 since 1950. "Although many might think this bull market has gone too far and is getting old, that isn't the case at all. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, believes that the bull market could have legs for another three to six months, maximum.

Persons: it's, Ryan Detrick, Kevin Gordon, Charles Schwab, Gordon, Komal, Kumar Organizations: Carson Group, CNBC, U.S, Sri, Kumar

☆ Peru has attracted a slew of foreign investors into its credit market. Here's why
▼ + stars: | 2024-10-08 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +5 min

Foreign investors now hold 39% of Peru's sovereign bond market holdings, the highest level across all emerging market countries. This underscores the increasingly positive sentiment surrounding the Peru's fixed income outlook. "It has recognized the need to provide international investors positive returns on domestic assets, and for central banks to be aligned with international investors and provide positive returns on domestic assets." "In some sense, the lack of a strong executive has led to better fixed income outcomes," Austerweil added. Dhawan also underscored that Peruvian fixed income is a high quality market for foreign investors.

Persons: Moody's, Dina Boluarte's, Pramol Dhawan, Pimco, Dhawan, David Austerweil, Soberano, Austerweil Organizations: Southern Copper Corp, Lawmakers, Peruvian, International Monetary Fund, Central Reserve Bank of, Bank of America, Mining Locations: Peru, Sol, Central Reserve Bank of Peru, America, U.S, Peruvian, China

☆ The power of passions: Tapping into consumers' emotional bonds
▼ + stars: | 2024-10-08 | by ( Raja Rajamannar | ) www.businessinsider.com time to read: +6 min

Tapping into people's passions can inspire emotional connections with consumers. In fact, our survey data identifies eight key roles that brands can play to either accelerate consumers' passions or alleviate their frustrations — one of which is fostering shared connections around their passions. A prime example of this is how Nike taps into peoples' passion for wellness, which is ranked the second highest among those we surveyed, while strengthening community bonds. Neuromarketing can derive an abundance of data-driven insights from study participants, allowing us to discern consumers' emotional associations with logos, messages, storylines, colors, and more. Inspiring an emotional response is an incredibly challenging task for marketers at a time when consumers feel bombarded by messages.

Persons: Raja Rajamannar, Rajamannar, —, Johnnie Walker, Costa Organizations: Mastercard, Service, Harvard Business School, Carnegie Hall, Cannes Lions, Prix, Consumers, Nike, Nike Run

☆ Stock market today: Indexes edge up as oil prices ease and traders look to key inflation data
▼ + stars: | 2024-10-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Oil prices slid, while investors shrugged off sluggishness in China stocks. Wall Street is gearing up for CPI, which is in focus after the strong September payroll report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStock markets opened higher on Tuesday as oil prices dipped, helping investors recover slightly after Monday's losing session. Instead, Wall Street is largely focused on earnings and upcoming inflation data, scheduled for release on Thursday.

Persons: Stocks, —, Monday's, Brent, Wells Organizations: CPI, Service, Stock, Federal Reserve, Bank of America, PepsiCo, JPMorgan, BlackRock Locations: sluggishness, China, Beijing, Wells Fargo, Here's

☆ China state planner lays out further actions to boost economy but no new plans for major stimulus
▼ + stars: | 2024-10-08 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Two women sit on the sidewalk of Qiansimen Jialing River Bridge, decorated with Chinese national flags, on October 3, 2024 in Chongqing, China. National Day Golden Week is a holiday in China commemorates the founding of the People's Republic of China in 1949. But he stopped short of announcing any new major stimulus plans, underwhelming investors and weakening the rally in the mainland Chinese markets. China will speed up special purpose bond issuance to local governments to support regional economic growth, the senior NDRC official said. Zheng said ultra-long special sovereign bonds, totaling 1 trillion yuan, have been fully deployed to fund local projects, and he vowed that China will continue to issue ultra-long special treasury bonds next year.

Persons: Zheng Shanjie, Zheng Organizations: National, Reform, Golden, CSI Locations: Chongqing, China, People's Republic of China, Shanghai

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