Jeans you can lease instead of buying? How fashion is coming to terms with sustainability

According to a submission from the Institution of Mechanical Engineers, in 2015 the global fashion industry generated 1.2 billion tonnes of carbon dioxide equivalent. In the Netherlands, a business called Mud Jeans wants to produce jeans in a sustainable manner using organic cotton and recycled denim. “Energy efficiency is very high up on our agenda,” Eva Engelen, who works on corporate social responsibility at Mud Jeans, told CNBC’s “Sustainable Energy.” In a bid to prevent waste in the clothin


According to a submission from the Institution of Mechanical Engineers, in 2015 the global fashion industry generated 1.2 billion tonnes of carbon dioxide equivalent. In the Netherlands, a business called Mud Jeans wants to produce jeans in a sustainable manner using organic cotton and recycled denim. “Energy efficiency is very high up on our agenda,” Eva Engelen, who works on corporate social responsibility at Mud Jeans, told CNBC’s “Sustainable Energy.” In a bid to prevent waste in the clothin
Jeans you can lease instead of buying? How fashion is coming to terms with sustainability Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: anmar frangoul
Keywords: news, cnbc, companies, coming, sustainability, energy, clothing, terms, fashion, told, mud, buying, productivity, lease, industry, jeans, instead, added, sustainable


Jeans you can lease instead of buying? How fashion is coming to terms with sustainability

For many of us, the availability of cheap, mass-produced clothing is a blessing. For a few dollars we can bulk buy everything from shirts and shorts to pants, underwear and sweaters.

While “fast fashion” may be a boon for our wallets because of its value, its impact on the environment is significant.

In October 2018, the U.K. Parliament’s Environmental Audit Committee highlighted just how much our appetite for clothing affects the planet, publishing submissions it had received from experts for an inquiry into the sustainability of the fashion industry.

The findings make sobering reading. According to a submission from the Institution of Mechanical Engineers, in 2015 the global fashion industry generated 1.2 billion tonnes of carbon dioxide equivalent. This represents more emissions than maritime shipping and international flights combined, the submission added. In 2017, the European Union said that the EU textile industry produced an estimated 16 million tons of waste annually.

In the Netherlands, a business called Mud Jeans wants to produce jeans in a sustainable manner using organic cotton and recycled denim. The company’s goal is to eventually design jeans produced from 100 percent recycled denim.

When it comes to the manufacturing process, it is also looking to use sustainable methods.

“Energy efficiency is very high up on our agenda,” Eva Engelen, who works on corporate social responsibility at Mud Jeans, told CNBC’s “Sustainable Energy.” “We do this through prioritizing energy efficient production processes and supply chain partners.”

“For example, our fabric mill, Tejidos Royo, they have an energy generation system … in their factory, which uses the steam from the production lines to produce energy through a steam turbine,” she added. Engelen explained that the system allowed the site to be “100 percent self-sufficient with regards to energy.”

In a bid to prevent waste in the clothing industry, Mud Jeans has also developed a leasing system for its products, through which customers can pay 12 monthly instalments of 7.50 euros ($8.51).

At the end of that period, they can decide to keep the jeans or send them back to the business. Mud Jeans’ CEO Bert van Son told CNBC that if the latter took place, “we promise that we will use the raw material again.”

Looking at the broader picture, work still needs to be done to ensure that the fashion sector becomes sustainable.

“The clothing industry is recognized as possibly the second most polluting industry globally,” Steve Evans, director of research in industrial sustainability at the University of Cambridge’s Institute of Manufacturing, told CNBC.

“It knows this and it’s energetic in trying to change it,” Evans added. “It’s a very convoluted industry though: The brands don’t own their own factories, so their ability to influence what the factories do, how they create pollution in their local water, air and land, is difficult.”

Evans added that well-known brands were becoming more sustainable every year. Issues will not be sorted out overnight, however.

“Most factories and industries around the world are pushing very hard to make sure that their products arrive to consumers at the lowest possible cost,” Evans went on to explain. “You love them for doing that for you,” he added.

“Unfortunately, it means that they’re really focusing hard on labor productivity and capital productivity and they’ve put less attention on things like energy productivity. With 200 years of not tackling energy productivity, that gives them a really juicy thing to squeeze and if they do tackle it they can go a long way very quickly.”


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: anmar frangoul
Keywords: news, cnbc, companies, coming, sustainability, energy, clothing, terms, fashion, told, mud, buying, productivity, lease, industry, jeans, instead, added, sustainable


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Wall Street bull says market is at point of ‘maximum uncertainty’

Wall Street bull Julian Emanuel: Market is at point of ‘maximum uncertainty’ 3:18 PM ET Mon, 11 Feb 2019 | 01:28One of Wall Street’s biggest bulls says the market is “at the point of maximum uncertainty” that could morph into one of the best buying opportunities of the year. That’s where the upside comes in,” BTIG’s Julian Emanuel said Monday on CNBC’s “Trading Nation.” Emanuel, the firm’s chief equity and derivatives strategist, turns to the so-called bull-bear dividing line — the 200-day movin


Wall Street bull Julian Emanuel: Market is at point of ‘maximum uncertainty’ 3:18 PM ET Mon, 11 Feb 2019 | 01:28One of Wall Street’s biggest bulls says the market is “at the point of maximum uncertainty” that could morph into one of the best buying opportunities of the year. That’s where the upside comes in,” BTIG’s Julian Emanuel said Monday on CNBC’s “Trading Nation.” Emanuel, the firm’s chief equity and derivatives strategist, turns to the so-called bull-bear dividing line — the 200-day movin
Wall Street bull says market is at point of ‘maximum uncertainty’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: stephanie landsman, getty images, joshua roberts, bloomberg, miguel riopa, afp, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, buying, way, street, wall, moving, uncertainty, emanuel, bull, market, julian, maximum, point


Wall Street bull says market is at point of 'maximum uncertainty'

Wall Street bull Julian Emanuel: Market is at point of ‘maximum uncertainty’ 3:18 PM ET Mon, 11 Feb 2019 | 01:28

One of Wall Street’s biggest bulls says the market is “at the point of maximum uncertainty” that could morph into one of the best buying opportunities of the year.

“The economy is not slowing the way people fear. That’s where the upside comes in,” BTIG’s Julian Emanuel said Monday on CNBC’s “Trading Nation.” “We do think any weakness is a buying opportunity.”

Emanuel, the firm’s chief equity and derivatives strategist, turns to the so-called bull-bear dividing line — the 200-day moving average — to build his case.

Following late December’s huge sell-off and subsequent rebound, he points out the market has come a long way in seven weeks.

According to Emanuel, the S&P 500 and Dow are right back at the 200-day moving average, and that spells uncertainty.

“Both the bulls and the bears are sort of hesitant, and perhaps a little bit confused as to where markets go,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: stephanie landsman, getty images, joshua roberts, bloomberg, miguel riopa, afp, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, buying, way, street, wall, moving, uncertainty, emanuel, bull, market, julian, maximum, point


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Thailand property: Chinese buying interest has surged in recent years

Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.” Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases. Chinese buyers make up 70 percent o


Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.” Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases. Chinese buyers make up 70 percent o
Thailand property: Chinese buying interest has surged in recent years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: huileng tan, prachanart viriyaraks, getty images
Keywords: news, cnbc, companies, property, interest, surged, buyers, international, thailands, thailand, buying, spot, chinese, told, started, growth, recent


Thailand property: Chinese buying interest has surged in recent years

Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election.

That underscores the Southeast Asian nation’s enduring popularity with the Chinese — tourists from Asia’s top economy have for years seen Thailand as a top spot for holidays. According to recent data from online Chinese real estate portal Juwai.com, Thailand was its most popular country when it comes to inquiries from potential real estate buyers in 2018 — climbing up from the sixth spot in 2016.

Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.”

“While the election is momentous for Thailand, most of the buyers we work with are unconcerned about the outcome,” she told CNBC.

Thailand’s economy has been powering ahead since its 2014 coup, reaching 3.9 percent GDP growth in 2017. That was its best in five years, but that growth is expected to slow a bit this year due to weaker global growth, the World Bank projected.

Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases.

In fact, Sansiri — one of Thailand’s biggest developers — set up its international business unit in 2014 after seeing growing interest from foreign buyers, said Nanmanas Jiwattanakul, the company’s assistant executive vice president of international business development.

Chinese buyers make up 70 percent of Sansiri’s international sales, she said.

The development — not spurred by any marketing efforts — prompted the developer to set up showrooms in Thailand and overseas catering to such investors, she told CNBC.

“We started to drive (international sales) and also because we started seeing a number of foreign buyers in Thailand,” said Nanmanas.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: huileng tan, prachanart viriyaraks, getty images
Keywords: news, cnbc, companies, property, interest, surged, buyers, international, thailands, thailand, buying, spot, chinese, told, started, growth, recent


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Warren Buffett learned this valuable lesson after buying his first stock during World War II

Legendary investor Warren Buffett was asked at one of his famous annual meetings one time whether he was bullish or bearish? And since then, I mean, actually World War II didn’t look so good at that time. While these comments were made more than two decades ago, they still hold true amid the divisive political headlines and volatile stock market of today. If you’re not a professional investor, Buffett advocates buying an index fund in the same fashion, never trying to time your purchases. For mo


Legendary investor Warren Buffett was asked at one of his famous annual meetings one time whether he was bullish or bearish? And since then, I mean, actually World War II didn’t look so good at that time. While these comments were made more than two decades ago, they still hold true amid the divisive political headlines and volatile stock market of today. If you’re not a professional investor, Buffett advocates buying an index fund in the same fashion, never trying to time your purchases. For mo
Warren Buffett learned this valuable lesson after buying his first stock during World War II Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: john melloy, david a grogan
Keywords: news, cnbc, companies, market, dont, doesnt, ii, warren, valuable, buffett, learned, lesson, investor, mean, know, good, world, war, buying, stock


Warren Buffett learned this valuable lesson after buying his first stock during World War II

Legendary investor Warren Buffett was asked at one of his famous annual meetings one time whether he was bullish or bearish?

The ‘Oracle of Omaha’ had an amazing answer:

“You may have trouble believing this, but Charlie (Munger) and I never have an opinion about the market because it wouldn’t be any good and it might interfere with the opinions we have that are good… If we’re right about a business, if we think a business is attractive, it would be very foolish for us to not take action on that because we thought something about what the market was going to do, or anything of that sort….Because we just don’t know. And to give up something that you do know and that is profitable for something that you don’t know and won’t know because of that, it just doesn’t make any sense to us, and it doesn’t really make any difference to us.”

The chairman and CEO of Berkshire Hathaway learned this lesson, he recounted at Berkshire Hathaway’s 1994 annual meeting, by realizing all the amazing and scary events of the 20th century that he had invested through since buying his first stock when he was just a young boy and how that in the end, long-term investing still worked out.

“I bought my first stock in, probably, April of 1942 when I was 11. And since then, I mean, actually World War II didn’t look so good at that time. I mean, the prospects, they really didn’t. I mean, you know, we were not doing well in the Pacific. I’m not sure I calculated that into my purchase of my three shares. But I mean, just think of all the things that have happened since then, you know? Atomic weapons and major wars, presidents resigning, and all kinds of things… massive inflation at certain times. To give up what you’re doing well because of guesses about what’s going to happen in some macro way just doesn’t make any sense to us.”

While these comments were made more than two decades ago, they still hold true amid the divisive political headlines and volatile stock market of today.

Buffett’s advice is to make a long-term bet on the American economy. Don’t try to time bull and bear markets. Ignore the noise and look for solid companies at cheap prices. And buy those shares steadily over time, no matter the macroeconomic environment. If you’re not a professional investor, Buffett advocates buying an index fund in the same fashion, never trying to time your purchases.

The 88-year-old investor has basically been making a massive bet on America this whole time. Through his steady stock and company purchases, Berkshire Hathaway has returned 20 percent annually the last 40 years, double the return of the S&P 500 over that same time span, according to Factset.

For more classic Warren Buffett advice, see CNBC’s Buffett archive.

— With reporting by Alex Crippen

WATCH: Warren Buffett’s best investing tips


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: john melloy, david a grogan
Keywords: news, cnbc, companies, market, dont, doesnt, ii, warren, valuable, buffett, learned, lesson, investor, mean, know, good, world, war, buying, stock


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Americans are starting to feel better about buying homes — sort of

Consequently, the share of Americans who say home prices will go up fell 1 percentage point to 30 percent. That share has been declining for four straight months and is down a whopping 22 percentage points from a year ago, according to Fannie Mae. Cooler home prices and lower interest rates certainly increase affordability and help consumers feel better about buying, but the biggest change influencing that sentiment is consumers’ perception of their own wealth. The share of those who say their h


Consequently, the share of Americans who say home prices will go up fell 1 percentage point to 30 percent. That share has been declining for four straight months and is down a whopping 22 percentage points from a year ago, according to Fannie Mae. Cooler home prices and lower interest rates certainly increase affordability and help consumers feel better about buying, but the biggest change influencing that sentiment is consumers’ perception of their own wealth. The share of those who say their h
Americans are starting to feel better about buying homes — sort of Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: diana olick, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, starting, percentage, points, americans, according, share, sort, better, feel, rates, fannie, buying, say, homes, rising, quarter, prices


Americans are starting to feel better about buying homes — sort of

More consumers now see the door to homeownership slowly squeaking open, but they still think it’s pretty pricey.

The share of Americans who say it is a good time to buy a home increased 4 percentage points to 15 percent in January compared with December, according to a monthly survey from Fannie Mae. The share is still down sizably from the start of 2018, when housing demand was soaring and home prices were rising at a much faster clip.

Home price gains have been shrinking since last summer and are now rising at the slowest pace in more than six years, according to CoreLogic. Consequently, the share of Americans who say home prices will go up fell 1 percentage point to 30 percent. That share has been declining for four straight months and is down a whopping 22 percentage points from a year ago, according to Fannie Mae.

While consumer confidence in housing is rising this year, it was still a bit unsteady in the fourth quarter of last year.

Seventy-six percent of potential home buyers estimated they could afford fewer than half the homes for sale in their markets, according to a year-end poll from the National Association of Home Builders. That share is lower than the 79 percent who shared that perception in the fourth quarter of 2017, but not by much.

“In the year ended in the fourth quarter of 2018, there was not a lot of change in how homebuyers perceived their ability to afford homes available in their markets,” said Rose Quint, author of the NAHB survey.

Attitudes toward homebuying are improving this year because it appears that mortgage rates will not be increasing as much as previously expected. The share of those who expect rates to go up over the next year fell 3 percentage points to 53 percent in the Fannie Mae survey. The Federal Reserve has signaled it may not be as aggressive in hiking interest rates as previously forecast.

“Overall, these results are in line with our forecast that, amid improving affordability conditions, home sales should stabilize in 2019 after declining last year for the first time in four years,” said Doug Duncan, Fannie Mae’s chief economist.

Cooler home prices and lower interest rates certainly increase affordability and help consumers feel better about buying, but the biggest change influencing that sentiment is consumers’ perception of their own wealth.

The share of those who say their household income is significantly higher than it was a year ago increased 8 percentage points to 27 percent. That is 11 percentage points higher from the same time last year.

In addition, fewer Americans said they were concerned about losing their jobs.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: diana olick, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, starting, percentage, points, americans, according, share, sort, better, feel, rates, fannie, buying, say, homes, rising, quarter, prices


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Investors are buying stocks and bonds at the same time, which means something has to give

Investors are buying into the riskiness of stocks, but they’re also buying the security of the bond market. If there’s low inflation and good growth, people would happily be buying both markets,” said Peter Boockvar, chief investment strategist at Bleakley Advisory Group. Boockvar said investors are buying the U.S. 10-year Treasury, as they also buy negatively yielding Japanese government bonds and the 10-year German bund, now yielding 0.17 percent. Michael Schumacher, director rate strategy at


Investors are buying into the riskiness of stocks, but they’re also buying the security of the bond market. If there’s low inflation and good growth, people would happily be buying both markets,” said Peter Boockvar, chief investment strategist at Bleakley Advisory Group. Boockvar said investors are buying the U.S. 10-year Treasury, as they also buy negatively yielding Japanese government bonds and the 10-year German bund, now yielding 0.17 percent. Michael Schumacher, director rate strategy at
Investors are buying stocks and bonds at the same time, which means something has to give Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: patti domm, scott olson, getty images
Keywords: news, cnbc, companies, 200day, earnings, buying, 10year, stocks, fed, investors, good, means, rally, bonds, market, point


Investors are buying stocks and bonds at the same time, which means something has to give

Investors are buying into the riskiness of stocks, but they’re also buying the security of the bond market.

That’s not the usual course for markets, but it has happened before. The conflicting investment trend comes after the Federal Reserve made an about face on its tightening policy, making risk assets more attractive. It also comes as bond investors worry about spotty U.S. economic reports and signs of continued deterioration in manufacturing and consumer data in Europe and Asia.

What it may be signaling is an inflection point for markets.

“I think this time around, you can argue previous times have been different. If there’s low inflation and good growth, people would happily be buying both markets,” said Peter Boockvar, chief investment strategist at Bleakley Advisory Group. Boockvar said investors are buying the U.S. 10-year Treasury, as they also buy negatively yielding Japanese government bonds and the 10-year German bund, now yielding 0.17 percent. The U.S. 10-year was at 2.70 percent Tuesday.

“It tells you people are comfortably buying them at these yield levels. It’s because they’re worried about growth, and the equity market is rallying, not because things are good, but because of the Fed and optimism about a trade deal,” said Boockvar.

Michael Schumacher, director rate strategy at Wells Fargo, said the buying in both markets could be resolved by a sell-off in bonds. Then yields, which move opposite price, could start to move higher again, and the 10-year could edge back over 3 percent.

“Its’ s a little bit of a funky correlation. We’ve had both things rallying, which is strange. This is what happened in 2017, when all asset classes did well. In 2018, nothing did well,” he said. “I would suspect it goes away soon. The Fed has certainly been equity friendly for the last little bit.”

The S&P 500 was higher for a fifth day Tuesday, and was flirting with its 200-day moving average, at 2,741. The index closed at 2,737, up a half percent. The S&P is now 16.4 percent above its Dec. 24 closing low. If it rises above the 200-day and closes above it, it would be seen as a positive sign for momentum.

Scott Redler, partner with T3Live.com, said the 200-day is another point of reference for traders, and it would be a good spot for the market to pause and regroup. “In the past two weeks, there have been many points of reference where people thought the rally off the lows would have stalled. At this point, it would make sense to pause at the 200-day, but each time we think we’re going to, different groups, different sectors keep advancing,” said Redler.

He said banks stocks backed off after the Fed released a dovish statement last week, and the market further discounted the chances for a rate hike. “Tech and small caps took over … with new power in Apple after its earnings,” he said.

Redler said the “pain trade” is now for investors who have been underinvested or overhedged during the rally off the late December lows. “They sold too early or shorted too early,” he said.

“At this point, there’s definitely a FOMO [fear of missing out] feel. Investors that are underinvested are worried. … It probably doesn’t feel that good for a lot of market participants. A pause here at the 200-day would be welcomed by the bulls and the bears,” he said.

Boockvar, however, said the stock market could get ready to do something more extreme than just pause.

“We’re at a key spot here. We had a rebound, and we just rallied back to the 200-day moving average. Now is the real test,” said Boockvar. “Whether we go back to the lows remains to be seen, but this is the end of the post sell-off rally. … I say that because of what I see in earnings. Earnings season has been really mediocre. Earnings estimates are falling and growth for the full year continues to slow. There’s a reduction in estimates. This remains a Fed relief rally predominantly, and not based on the fundamentals.”


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: patti domm, scott olson, getty images
Keywords: news, cnbc, companies, 200day, earnings, buying, 10year, stocks, fed, investors, good, means, rally, bonds, market, point


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Chuck Schumer and Bernie Sanders call for restricting corporate share buybacks

Senate Democratic leader Charles Schumer of New York and Sen. Bernie Sanders of Vermont outlined their plan in a New York Times op-ed published Sunday. The goal is to curtail the overreliance on buybacks while also incentivizing the productive investment of corporate capital,” they wrote. And some large companies are buying back billions of dollars of shares while announcing layoffs and factory and store closings, the senators wrote. It isn’t the first time a ban on corporate stock buybacks has


Senate Democratic leader Charles Schumer of New York and Sen. Bernie Sanders of Vermont outlined their plan in a New York Times op-ed published Sunday. The goal is to curtail the overreliance on buybacks while also incentivizing the productive investment of corporate capital,” they wrote. And some large companies are buying back billions of dollars of shares while announcing layoffs and factory and store closings, the senators wrote. It isn’t the first time a ban on corporate stock buybacks has
Chuck Schumer and Bernie Sanders call for restricting corporate share buybacks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: liz moyer
Keywords: news, cnbc, companies, buying, corporate, restricting, workers, stock, shares, bernie, dollars, billions, schumer, senators, sanders, share, buybacks, chuck, companies


Chuck Schumer and Bernie Sanders call for restricting corporate share buybacks

Senate liberals are proposing legislation that would prevent companies from buying back their own shares unless they first pay workers at least $15 an hour and offer paid time off and health benefits.

Senate Democratic leader Charles Schumer of New York and Sen. Bernie Sanders of Vermont outlined their plan in a New York Times op-ed published Sunday. The proposal would slap “preconditions” on a company’s ability to buy its own shares.

“Our legislation would set minimum requirements for corporate investment in workers and the long-term strength of the company as a precondition for a corporation entering into a share buyback plan. The goal is to curtail the overreliance on buybacks while also incentivizing the productive investment of corporate capital,” they wrote.

Last year, more than $1 trillion in buybacks were announced by large companies after a corporate tax cut pushed through Washington in late 2017 left companies with a lot of extra cash to spend. But instead of significantly raising worker pay or investing in equipment, companies mostly used the cash to buy their stock. And some large companies are buying back billions of dollars of shares while announcing layoffs and factory and store closings, the senators wrote.

For example, Walmart announced a $20 billion share buyback while it was laying off hundreds and closing Sams Club stores. The column cites a Roosevelt Institute analysis that the retailer could have used the money instead to raise hourly wages to $15.

Harley-Davidson is buying back 15 million shares while closing a plant in Kansas City, Mo., Wells Fargo spent billions of dollars on buybacks while “openly plotting” to cut 10 percent of its workforce, the senators said.

“At a time of huge income and wealth inequality, Americans should be outraged that these profitable corporations are laying off workers while spending billions of dollars to boost their stock’s value to further enrich the wealthy few,” the senators said.

Kevin Hassett, chairman of President Donald Trump’s Council of Economic Advisors, lambasted the proposal.

“I wish some economist would go and talk to these guys on how buybacks work,” Hassett said Monday on CNBC’s “Squawk Box.” “It’s very disappointing that over and over again I see the Democrats pursue really economically illiterate proposals just because they think they sound good politically.”

It isn’t the first time a ban on corporate stock buybacks has been floated. Last year, Sen. Tammy Baldwin, D-Wis., sought to ban stock buybacks as open market purchases, using the same argument that they have contributed to economic inequality and divert resources away from workers.

Last June, more than a dozen lawmakers, including Schumer and Baldwin, wrote to Securities and Exchange Commission Chairman Jay Clayton urging him to open public comments on the rules for stock buybacks, which they said hadn’t been updated in over a decade. They cited a Brookings Institute study that found from 2004 to 2014, the largest U.S. companies spent 51 percent of profit on buybacks.

Sanders, I-Vt., is exploring another bid for the Democratic presidential nomination.

Read the full opinion column here.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: liz moyer
Keywords: news, cnbc, companies, buying, corporate, restricting, workers, stock, shares, bernie, dollars, billions, schumer, senators, sanders, share, buybacks, chuck, companies


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Central bank gold buying hits highest level in half a century

The WGC said the bulk of the buying was carried out by a handful of central banks with Russia leading the way as it looks to swap out dollars from its portfolio. The Russian central bank sold almost all of its U.S. Treasury stock to buy 274.3 tons of gold in 2018. The central bank of Turkey increased gold reserves by 51.5 tons in 2018. Other big central bank buyers were Kazakhstan, India, Iraq, Poland and Hungary. Net sales of gold from central banks remained small, totaling less than 15 tons.


The WGC said the bulk of the buying was carried out by a handful of central banks with Russia leading the way as it looks to swap out dollars from its portfolio. The Russian central bank sold almost all of its U.S. Treasury stock to buy 274.3 tons of gold in 2018. The central bank of Turkey increased gold reserves by 51.5 tons in 2018. Other big central bank buyers were Kazakhstan, India, Iraq, Poland and Hungary. Net sales of gold from central banks remained small, totaling less than 15 tons.
Central bank gold buying hits highest level in half a century Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: david reid, carla gottgens, bloomberg, getty images
Keywords: news, cnbc, companies, central, level, highest, bank, tons, purchases, gold, price, century, buying, reserves, half, hits, 2018, banks, total


Central bank gold buying hits highest level in half a century

Taking the current spot price of $1,321.15 per troy ounce, gold purchases by central banks in 2018 amounted to a $27.7 billion spending splurge on the precious metal.

“Heightened geopolitical and economic uncertainty throughout the year increasingly drove central banks to diversify their reserves and re-focus their attention on the principal objective of investing in safe and liquid assets,” said the report released on Thursday.

The WGC said the bulk of the buying was carried out by a handful of central banks with Russia leading the way as it looks to swap out dollars from its portfolio. The Russian central bank sold almost all of its U.S. Treasury stock to buy 274.3 tons of gold in 2018.

The central bank of Turkey increased gold reserves by 51.5 tons in 2018. That marked a second consecutive year of net purchases but was 40 percent lower than the volume it bought in 2017.

Other big central bank buyers were Kazakhstan, India, Iraq, Poland and Hungary.

Net sales of gold from central banks remained small, totaling less than 15 tons. Australia, Germany, Sri Lanka, Indonesia and Ukraine accounted for almost all of that figure.

WGC said total gold demand in 2018 reached a total of 4,345.1 tons. The biggest demand came from jewelry which, while flat on the 2017 figure, accounted for just over half of the total. Bars and coins contributed 1,090 tons in 2018, marking a 4 percent rise from the previous year. Gold used in technology climbed marginally to 334.6 tons.

The price of gold has risen around 9 percent in the last three months.


Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: david reid, carla gottgens, bloomberg, getty images
Keywords: news, cnbc, companies, central, level, highest, bank, tons, purchases, gold, price, century, buying, reserves, half, hits, 2018, banks, total


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Amazon is opening Middle East marketplace after buying Souq in 2017

As Amazon searches for growth outside the U.S., its next big push is the Middle East. With the launch of the Middle East marketplace in the coming months, Amazon is downplaying Souq.com, the Dubai-based online retailer it bought for $580 million in 2017 — its priciest international acquisition. “Following Amazon’s acquisition of Souq, I want to offer you participation in a groundbreaking new sales project in the Mid East,” Amazon wrote in an invitation to a select group of sellers. “Our program


As Amazon searches for growth outside the U.S., its next big push is the Middle East. With the launch of the Middle East marketplace in the coming months, Amazon is downplaying Souq.com, the Dubai-based online retailer it bought for $580 million in 2017 — its priciest international acquisition. “Following Amazon’s acquisition of Souq, I want to offer you participation in a groundbreaking new sales project in the Mid East,” Amazon wrote in an invitation to a select group of sellers. “Our program
Amazon is opening Middle East marketplace after buying Souq in 2017 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: eugene kim, ari levy, joshua roberts
Keywords: news, cnbc, companies, amazon, east, international, sellers, souq, buying, north, growth, 2017, middle, retail, sales, marketplace, opening


Amazon is opening Middle East marketplace after buying Souq in 2017

As Amazon searches for growth outside the U.S., its next big push is the Middle East.

Amazon has been reaching out in recent weeks to large third-party sellers in North America, informing them of an upcoming opportunity to reach consumers, first in the United Arab Emirates and then in Saudi Arabia, according to several merchants who spoke with CNBC. They all asked not to be identified because the discussions with Amazon were private.

With the launch of the Middle East marketplace in the coming months, Amazon is downplaying Souq.com, the Dubai-based online retailer it bought for $580 million in 2017 — its priciest international acquisition. The company is telling North American sellers not to sign up to sell on Souq because it plans to have all that inventory on Amazon’s own site.

“Following Amazon’s acquisition of Souq, I want to offer you participation in a groundbreaking new sales project in the Mid East,” Amazon wrote in an invitation to a select group of sellers. “Our program is simple, straightforward and allows you to expand your selection to a new base of Amazon buyers.”

An Amazon spokesperson declined to comment.

The move comes as Amazon seeks to find a formula for profitable growth in its retail business, which counts on North America for 69 percent of revenue. The U.K., Germany, and Japan account for the majority of international sales. Amazon has struggled to build substantial businesses in China and India because of local laws and hefty competition, and its retail division still loses money every quarter when excluding the U.S. and Canada.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: eugene kim, ari levy, joshua roberts
Keywords: news, cnbc, companies, amazon, east, international, sellers, souq, buying, north, growth, 2017, middle, retail, sales, marketplace, opening


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

3 sophisticated ETF plays for a market that’s stopped going straight up

John Davi, founder and chief investment officer of Astoria Portfolio Advisors, included the WisdomTree Emerging Markets ETF (EMMF), the JPMorgan Ultra-Short Income ETF (JPST) and the IQ Merger Arbitrage ETF (MNA) among his “10 ETFs for 2019.” Davi also said investors can get upside exposure to the market with “significantly less volatility” by buying the MNA ETF. The fund uses a merger arbitrage strategy that is long takeover targets and short global stock indexes. Merger arbitrage is a strategy


John Davi, founder and chief investment officer of Astoria Portfolio Advisors, included the WisdomTree Emerging Markets ETF (EMMF), the JPMorgan Ultra-Short Income ETF (JPST) and the IQ Merger Arbitrage ETF (MNA) among his “10 ETFs for 2019.” Davi also said investors can get upside exposure to the market with “significantly less volatility” by buying the MNA ETF. The fund uses a merger arbitrage strategy that is long takeover targets and short global stock indexes. Merger arbitrage is a strategy
3 sophisticated ETF plays for a market that’s stopped going straight up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-17  Authors: fred imbert, dado galdieri, bloomberg, getty images
Keywords: news, cnbc, companies, straight, etf, stocks, merger, sophisticated, arbitrage, shortduration, recession, going, plays, investors, buying, volatility, stopped, thats, market


3 sophisticated ETF plays for a market that's stopped going straight up

Investors should consider buying three sophisticated exchange-traded funds that track emerging markets, short-duration U.S. bonds and merger arbitrage for sustained gains amid a volatile market, according to an investor who specializes in ETFs.

John Davi, founder and chief investment officer of Astoria Portfolio Advisors, included the WisdomTree Emerging Markets ETF (EMMF), the JPMorgan Ultra-Short Income ETF (JPST) and the IQ Merger Arbitrage ETF (MNA) among his “10 ETFs for 2019.”

These ETFs should help investors’ portfolios generate gains as well as hedge against the high levels of volatility that are likely to remain throughout 2019, said Davi.

“There’s an inverse correlation between liquidity and volatility. With less liquidity in the system, we should have more volatility. That’s why we like diversifying our portfolio,” he added.

Last year marked the end of a market environment in which volatility was low and equities rose relentlessly. The S&P 500 posted 64 moves of at least 1 percent in 2018, eight times that of the year before. Of those 64 moves, 10 came in December as investors fretted over tighter monetary policy and fear that a recession may be looming.

“In December, stocks were priced for a recession,” said Davi. “I don’t think we’re in a recession so I’m attracted to stocks, particularly in emerging markets. They have among the highest earnings growth rates and among the lowest P/E ratios globally. That’s an attractive risk-reward scenario, in my view.”

Emerging-market stocks were hit hard last year as higher rates from the Federal Reserve, an ongoing trade war between China and the U.S. and a series of other geopolitical events depressed them.

Investors should also look at short-duration U.S. bonds as a good source of income given how flat the so-called yield curve has gotten. The spread, or difference, between the U.S. 2-year note and its 10-year counterpart is around 17 basis points, down from more than 90 basis points a year ago. The JPST fund gives investors exposure to short-term bonds.

That spread has gotten tighter as the Fed continues to raise rates and pare down its massive balance sheet. But given the worries of slowing economic growth, investors have been buying into the longer-term securities.

“With the yield curve flat, I think per unit of risk, short-duration bond funds like JPST make sense. You’re not being compensated to go up the curve,” says Davi.

Davi also said investors can get upside exposure to the market with “significantly less volatility” by buying the MNA ETF. The fund uses a merger arbitrage strategy that is long takeover targets and short global stock indexes. Merger arbitrage is a strategy often used by hedge funds that involves buying and selling stocks of two merging companies.

“Intuitively, it makes a lot of sense,” said Davi. “It’s a way to extract risk premia in the market without taking a complete market directional bet. There’s a hedging component to it.”

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-01-17  Authors: fred imbert, dado galdieri, bloomberg, getty images
Keywords: news, cnbc, companies, straight, etf, stocks, merger, sophisticated, arbitrage, shortduration, recession, going, plays, investors, buying, volatility, stopped, thats, market


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post