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☆ It doesn't need to be a massive recession this year, says Charles Schwab’s Kevin Gordon
▼ + stars: | 2023-01-26 | 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 EmailIt doesn't need to be a massive recession this year, says Charles Schwab’s Kevin GordonKevin Gordon, Charles Schwab senior investment research manager, joins 'Closing Bell: Overtime' to offer his view on recession, the labor market, and the economy.

☆ Bank of Japan keeps yield control policy unchanged
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +7 min

MARKET REACTION:The Japanese stock market cheered the BOJ's decision with the Nikkei share average (.N225) jumping more than 2% after the midday break. Therefore, among equities, we think Japanese financials sector will have a rerating of valuations over the next 3-6 months." That could escalate when the new governor of the bank will be announced and towards the policy meeting in March." MOH SIONG SIM, CURRENCY STRATEGIST, BANK OF SINGAPORE, SINGAPORE"The can has been kicked down the road and the attention will shift to the next meeting. CHARU CHANANA, MARKET STRATEGIST, SAXO MARKETS, SINGAPORE:"I think the speculations will still continue.

☆ Premarket stocks: Why Goldman Sachs isn't too worried about a recession
▼ + stars: | 2023-01-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

In their 2023 outlook, Goldman analysts noted that disagreement about the economic forecast abounds within their own circles. Bill Dudley, a former Goldman Sachs partner and president of the New York Fed, puts the chance of recession this year at about 70%. Goldman analysts say that even with a sour economy, they predict the 2023 investment return on the S&P 500 will most likely be between 9-12%. The Fed’s days of three-quarter-point rate hikes are behind us, said Philadelphia Federal Reserve President Patrick Harker in a blog post Friday. Better-than-expected price data shows that the Fed’s aggressive and economically painful rate hikes are successfully slowing the economy and fighting inflation, he said.

☆ Now is an 'ideal' time for young people to start building wealth, says investing expert
▼ + stars: | 2023-01-09 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

It shows a screengrab from a TikTok picturing a young, smiling woman, whose username is cropped out. It's enough to cause many investors to panic, when most market experts will tell you to do the exact opposite. Dollar-cost averaging is a classic long-term investing strategy that involves investing a set amount of money into your portfolio at regular intervals. There's no guarantee that the woman from TikTok is doing it or plans to. But if she is, here's why she's right to be excited that the market is down.

☆ Wall Street veteran names the stocks that could go to $0 — and his favorites in tech
▼ + stars: | 2023-01-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

He calls those companies "zombie stocks" with heavy cash burn. FTX, Zombie Stocks, Meme Stocks, ESG," Trainer said. 'Zombie' stocks to avoid Trainer, a former Wall Street analyst who has been bearish on tech stocks, compiled a list of "zombie" companies which risk of running out of cash. Trainer told CNBC Pro that the best tech stocks to buy are those with strong cash flows and with valuations that underestimate the firm's ability to generate cash in the future. His favorite tech stocks include Qualcomm , Alphabet , Cisco and Oracle .

Vanguard vs. TD Ameritrade: The biggest differencesCompare Vanguard and TD Ameritrade VanguardTD Ameritrade investment account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightVanguard and TD Ameritrade's features and account options also vary. Most of the brokerage's actively managed mutual funds have a $3,000 minimum, but you'll only need $1,000 for investor shares in Vanguard Target Retirement Funds and the Vanguard Star Fund. Its other automated investing account, Vanguard Personal Advisor Services, offers something more: one-on-one advisor guidance. Vanguard vs. TD Ameritrade — Frequently asked questions (FAQ)What is the difference between Vanguard and TD Ameritrade?

☆ Rouble slumps to 7-month low, biggest one-day drop since July
▼ + stars: | 2022-12-19 | by ( Alexander Marrow | ) www.reuters.com time to read: +3 min

By 1515 GMT, the rouble was 4.3% weaker against the dollar at 67.41 , earlier hitting 68.4800, its weakest mark since May 11. The currency also lost 3.8% to trade at 71.71 against the euro , also a more than seven-month low. That weakening stems from concerns that an oil embargo and price cap will reduce Russia's oil export revenues, increasing the budget deficit as imports gradually recover, said Alfa Capital analyst Yulia Melnikova. The dollar-denominated RTS index (.IRTS) was down 4% to 996.9 points, a more than two-month low. Reporting by Alexander Marrow; Editing by Bradley Perrett, Ed Osmond, Arun Koyyur and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Rouble plunges below 68 per dollar to hit over 7-month low
▼ + stars: | 2022-12-19 | by ( Alexander Marrow | ) www.reuters.com time to read: +2 min

Summary Rouble dives around 5% against dollar, yuanHits 68.1100 vs dollar, weakest since May 11Weak oil prices, sanctions fears hurtThis content was produced in Russia where the law restricts coverage of Russian military operations in UkraineMOSCOW, Dec 19 (Reuters) - The Russian rouble slumped past 68 per U.S. dollar to a more than seven-month low on Monday, hurt by low oil prices and fears that sanctions on Russian oil could crimp the country's export revenue. By 1248 GMT, the rouble was 5.3% weaker against the dollar at 68.02 , its weakest mark since May 11. The currency also lost 4.2% to trade at 72.00 against the euro , its weakest since May 6. Relatively low oil prices and risks of lower export revenue in the light of the $60-a-barrel price cap on Russian oil imposed by the G7, the European Union and Australia, have pressured the rouble. The dollar-denominated RTS index (.IRTS) was down 5.4% to 982.8 points, a more than two-month low.

☆ Neil Shah: Small cap companies are 'interestingly valued'
▼ + stars: | 2022-12-13 | 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 EmailNeil Shah: Small cap companies are 'interestingly valued'Neil Shah, director at the investment research group Edison Group, explains why he likes one mining company that extracts metals such as platinum, palladium, and chrome.

☆ Rouble weakens to 63 vs dollar as rate decision edges closer
▼ + stars: | 2022-12-12 | by ( Alexander Marrow | ) www.reuters.com time to read: +2 min

Markets also are awaiting a flurry of other interest rate decisions this week, including from the U.S. Federal Reserve and the European Central Bank. The rouble has showed a largely muted reaction to oil price swings in the last week. Volatility has been high as a price cap on Russian oil kicked in. Brent crude oil , a global benchmark for Russia's main export, was down 0.7% at $75.6 a barrel, pushing Russian stock indexes lower. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow; Editing by Kim Coghill, KIrsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Shares of this under-the-radar global miner are set to rally 50%, analyst says
▼ + stars: | 2022-12-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares in Sylvania Platinum , a little-known London-listed miner, are set to rise by 50%, according to Ben Davis, mining analyst at Liberum Capital. The company, which extracts metals such as platinum, palladium, and chrome, also offers an 8% dividend yield. Shares in the company were trading around £1 ($1.21) Friday, but Davis sees them hitting £1.50 in 12 months. Sylvania Platinum is also favored by Neil Shah, director at the investment research group Edison Group. The metals the company extracts are bought by both investors and industrial customers, which means their prices are more resilient than other commodities during economic downturns.

☆ Zacks Executive Put Earnings Estimates at Investors’ Fingertips
▼ + stars: | 2022-12-09 | by ( Bob Tita | ) www.wsj.com time to read: 1 min

Benjamin Zacks and his brother started a financial-data firm that would help change the way the stock market evaluates public companies. Mr. Zacks and his older brother, Len, collected Wall Street analysts’ predictions for companies’ quarterly profits and distilled them into consensus estimates. Zacks Investment Research Inc., the company they started, said it was the first in the U.S. to distribute the quarterly consensus estimates to investors in the early 1980s, though another company had earlier started compiling estimates for companies’ annual income. Zacks’ calculations for per-share profits or losses gave investors a handy comparison to actual results and provided a catalyst for stocks to rise or fall in the aftermath of quarterly results.

☆ Factbox: UK sets out financial sector reforms
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +1 min

LONDON, Dec 9 (Reuters) - Britain on Friday set out plans to overhaul the financial sector including a review of rules to make bankers accountable for their decisions and easing capital requirements on smaller lenders. Here are some of the measures announced:- Reforming the Ring-FencingRegime for Banks- Issuing new remit letters for the PRA and FCA with clear, targeted recommendations on growth and international competitiveness- Reforming securitisation regulation- Launching a Call for Evidence on reforming the Short Selling Regulation- Welcoming the PRA consultation on removing rules for the capital deduction of certain non-performing exposures held by banks- Overhauling the UK’s regulation of prospectuses- Committing to establish the independent Investment Research Review- Committing to having a regime for a UK consolidated tape in place by 2024- Consulting on reform to the VAT treatment of fund management- Consulting in Q1 2023 on bringing Environmental, Social, and Governance ratings providers into the regulatory perimeter- Consulting on a UK retail central bank digital currency alongside the Bank of England in the coming weeks- Publishing a response to the consultation on expanding the Investment Manager Exemption to include cryptoassets- Laying regulations in early 2023 to remove well-designed performance fees from the pensions regulatory charge capReporting by William JamesOur Standards: The Thomson Reuters Trust Principles.

☆ Reaction to expert panel report on South Africa's Ramaphosa
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +3 min

[1/2] Nkosazana Dlamini-Zuma, former minister and chairwoman of the African Union Commission, attends the 54th National Conference of the ruling African National Congress (ANC) at the Nasrec Expo Centre in Johannesburg, South Africa December 17, 2017. REUTERS/Siphiwe SibekoJOHANNESBURG, Dec 1 (Reuters) - Cyril Ramaphosa's future as South African president was in question on Thursday, a day after a panel report found preliminary evidence he may have committed serious misconduct. "We need to look at the report, study its implications very carefully, follow the parliamentary processes and allow matters to take their course." NKOSAZANA DLAMINI-ZUMA, EX-WIFE OF FORMER PRESIDENT JACOB ZUMA"I think the president has to step aside now and answer to the case." JOHN STEENHUISEN, LEADER OF MAIN OPPOSITION PARTY, THE LIBERAL DEMOCRATIC ALLIANCE (DA)"The report is clear and unambiguous.

Rare protests in major Chinese cities over the weekend against the country's strict zero-COVID curbs have hit growth expectations in the world's second-largest economy. U.S.-listed shares of Chinese companies such as Bilibili Inc , Alibaba Group Holding Ltd , JD.com Inc , Baidu Inc and Nio Inc , however, eked out gains, rising between 1% and 2.2%. Declining issues outnumbered advancers for a 2.47-to-1 ratio on the NYSE and for a 1.95-to-1 ratio on the Nasdaq. The S&P index recorded 11 new 52-week highs and two new lows, while the Nasdaq recorded 74 new highs and 102 new lows. Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru; Editing by Shounak Dasgupta and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ Wall St Week Ahead Stocks typically rally in December, investors have some caution this year
▼ + stars: | 2022-11-25 | by ( David Randall | ) www.reuters.com time to read: +5 min

September, meanwhile, is the worst month of average for stocks, with a 0.7% average decline. Gains would be welcomed by many investors after seeing the S&P 500 Index (.SPX) fall around 16% so far this year. Still, weighing on the market has been the U.S. Federal Reserve's actions to aggressively tighten interest rates to fight inflation. The average Santa rally has boosted the S&P 500 by 1.3% since 1969, according to the Stock Trader's Almanac. The painful double-digit declines in both U.S. stocks and bonds, meanwhile, have made both asset classes more attractive for long-term investors, said Liz Ann Sonders, chief investment strategist at Charles Schwab.

☆ How private-equity firms, rich with investors' cash, plan to capitalize on a souring economy
▼ + stars: | 2022-11-16 | by ( Casey Sullivan | Rebecca Ungarino | ) www.businessinsider.com time to read: +9 min

The ultimate winners from the economic downturn may turn out to be private-equity firms. At the same time, private-equity firms are seeing fewer exits and fundraising is slowing. That's the private-equity industry, according to interviews with corporate advisors and a review of earnings transcripts. Regardless of the challenges, however, one positive note for the largest private-equity firms is that they are more diversified today. These relationships are better insulating private-equity firms from economic cycles, she added.

☆ Greed is back with a vengeance on Wall Street
▼ + stars: | 2022-11-16 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

Wall Street is now, dare we say, almost giddy. The Dow has surged 17% since the end of September, following the best month for the closely watched market barometer since 1976. The CNN Business Fear & Greed Index, which looks at seven indicators of market sentiment, is even showing signs of Greed and is not far from Extreme Greed levels. Clearly, investors are banking on smaller rate hikes. George Young, a portfolio manager with Villere & Co. said he’s bullish right now on smaller companies, since they aren’t as widely held as the mega cap blue chip market leaders.

☆ Buffett may have invested in TSMC too early, analyst says, predicting the best time to buy
▼ + stars: | 2022-11-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Legendary investor Warren Buffett may have overpaid for his latest investment in chipmaker Taiwan Semiconductor , according to one equity analyst. Buffett's Berkshire Hathaway bought more than 60 million shares of TSMC worth $4.1 billion (1.2% of TSM) in the third quarter, according to a quarterly regulatory filing . New York-listed shares in the chip stock rose 5.8% in after-hours trading to $77.08. Blank said Buffett, 92, was not as interested in buying the bottom as other investors, given Berkshire Hathaway's long-term investment horizon. The median price target of 30 analysts covering TSMC indicates a 29.8% potential upside from its share price prior to Buffett's investment, according to FactSet.

☆ Premarket stocks: Crypto is in crisis. It's not just because of FTX
▼ + stars: | 2022-11-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN Business —The stunning downfall of FTX, one of the largest cryptocurrency exchanges, sent shockwaves through the crypto universe last week. Sam Bankman-Fried, the 30-year-old crypto titan and chief executive of FTX, watched billions of his fortune evaporate in a bankruptcy filing that shook the trillion-dollar industry to its core. Those efforts mean capital is drying up – and that’s not just bad for crypto but other asset classes including stocks, too. Cryptocurrencies enjoyed huge injections of money during the pandemic era thanks to the Federal Reserve’s easy money policy. “In all, the slowdown in global money growth looks set to continue over the coming year, with some contraction looking likely in the US,” wrote JPMorgan strategist Nikolaos Panigirtzoglou in a note.

☆ Macau Under Spotlight Amid U.S. Inspections of China-Based Audits
▼ + stars: | 2022-11-13 | by ( Mark Maurer | ) www.wsj.com time to read: +8 min

The PCAOB, which began inspections of China-based audits in September, will decide by year-end whether China is complying with the agreement. “We do not know if these firms, especially in the U.S., have been adequately supervising the Macau firms,” she said. The Macau firms’ work isn’t immune from PCAOB inspection. PwC Macau is a separate legal entity, but it is run as part of the firm’s China operations, a spokesman said. “The China firm is taking responsibility, treating it as a branch office,” Ms. McKenna said.

☆ Stock futures fall following the S&P 500's best week since June
▼ + stars: | 2022-11-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stock futures dipped in overnight trading Sunday after the S&P 500 posted its biggest weekly gain in almost five months on the back of easing inflation data. S&P 500 futures declined 0.4% and Nasdaq 100 futures traded 0.6% lower. The S&P 500 rallied 5.9% last week for its best week since June. The tech-heavy Nasdaq Composite gained 8.1% last week for its best week since March, while the blue-chip Dow advanced 4.2%. The VIX, which tracks the 30-day implied volatility of the S&P 500, had traded above the 30 point threshold for most of October.

☆ This 52-year-old early retiree left the U.S. for Portugal—a look at his typical day: 'It's pretty affordable'
▼ + stars: | 2022-11-12 | by ( Alex Trias | ) www.cnbc.com time to read: +6 min

My wife Noki left her nursing job a few years later, and we enjoyed a peaceful retirement in Washington, D.C. Zoom In Icon Arrows pointing outwards Bettina Corallo is located in Lisbon's Principe Real neighborhood. Photo: Alex TriasExploring Lisbon's historic centerDay or night, downtown Lisbon is an active city with plenty of ambiance to soak in. Zoom In Icon Arrows pointing outwards At the farmers' market in Príncipe Real, you'll find dried fruits and homemade pickles. Alex and Noki spend their time in the communal gardens drinking wine, hanging with neighbors, and enjoying views of the Tejo river.

☆ Goldman Sachs breaks down an options trading strategy with an 18-year track record of adding income to investors' portfolios — and recommends making these 4 trades now
▼ + stars: | 2022-11-11 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

As markets weather volatility, the investment bank recommends options trades with these 4 stocks. In a recent note to clients, Goldman Sachs breaks down this options trading strategy that the investment bank says has an 18-year track record of adding extra income to investors' pockets. Goldman Sachs Global Investment Research"These strategies have become increasingly popular among investors, especially given the prospects of flat to negative equity markets. For short-term overwriting options trades, the note focuses on three factors when choosing an "attractive" stock: events, implied volatility, and market cap of the company. "We have found that overwriting stocks with these characteristics has added over 500 bps over the past 16 years," the note said.

☆ The manager of an international Fidelity fund breaks down why he invests without obsessing over traditional valuation metrics — and how it's helped him beat 91% of competitors this year
▼ + stars: | 2022-11-11 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

But the Fidelity International Small Cap Fund is having its best year relative to peers in a decade. When Fidelity launched the Fidelity International Small Cap Fund (FISMX) in 2002, the timing turned out to be perfect. International stocks were about to embark upon six straight years of outperforming their US-based peers by at least 5%. International stocks underperformed their American peers by 6.4% in 2008 and lag behind US stocks for 10 of the next 13 years. Yet despite that unforgiving environment for foreign stocks, Fidelity's $2.9 billion international small cap fund has beaten 98% of competitors over the past 15 years, according to Morningstar.

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