Need calibration and stabilization on earnings to keep expansion alive: Sr. portfolio manager

Need calibration and stabilization on earnings to keep expansion alive: Sr. portfolio managerLiz Young, BNY Mellon Director of Market Strategy, Margaret Reid, Union Bank, The Private Bank senior portfolio manager, and Josh Brown, Ritholtz Wealth Management, join ‘Fast Money Halftime Report’ to discuss the state of the markets and their forecast for the end of the year.


Need calibration and stabilization on earnings to keep expansion alive: Sr. portfolio managerLiz Young, BNY Mellon Director of Market Strategy, Margaret Reid, Union Bank, The Private Bank senior portfolio manager, and Josh Brown, Ritholtz Wealth Management, join ‘Fast Money Halftime Report’ to discuss the state of the markets and their forecast for the end of the year.
Need calibration and stabilization on earnings to keep expansion alive: Sr. portfolio manager Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, wealth, bank, union, alive, calibration, young, senior, stabilization, manager, earnings, strategy, expansion, portfolio, state, need


Need calibration and stabilization on earnings to keep expansion alive: Sr. portfolio manager

Need calibration and stabilization on earnings to keep expansion alive: Sr. portfolio manager

Liz Young, BNY Mellon Director of Market Strategy, Margaret Reid, Union Bank, The Private Bank senior portfolio manager, and Josh Brown, Ritholtz Wealth Management, join ‘Fast Money Halftime Report’ to discuss the state of the markets and their forecast for the end of the year.


Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, wealth, bank, union, alive, calibration, young, senior, stabilization, manager, earnings, strategy, expansion, portfolio, state, need


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

A key manufacturing index shows the US remains in contraction territory

Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday. Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations. The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival. In a related release, the Markit manufacturing reading, known as the Purchasi


Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday.
Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations.
The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival.
In a related release, the Markit manufacturing reading, known as the Purchasi
A key manufacturing index shows the US remains in contraction territory Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: jeff cox
Keywords: news, cnbc, companies, growth, reliable, points, expansion, territory, contraction, orders, manufacturing, reading, report, key, ism, remains, trade, index, shows


A key manufacturing index shows the US remains in contraction territory

Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday.

The reading came in at 48.1 vs. an expectation of 49.4 and the previous month’s reading of 48.3.

Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations. A reading below 50 represents contraction; November was the fourth straight month below the expansion level.

Stocks fell on the report, with the Dow Jones Industrial Average off more than 150 points at 10:30 am ET.

New orders slumped to 47.2, down 1.9 percentage points from October’s 49.1. Inventories, which are a key input for gross domestic product, came in at 45.5, down 3.4 points from the previous month.

The numbers come amid speculation about the pace of U.S. growth.

Recession worries have ebbed from earlier in the year, when the Treasury yield curve was inverted and flashing what has been a reliable 12-month recession indicator for the past 50 years. GDP growth has averaged around 2.4% in 2019, with the third quarter coming in at 2.1%. However, most forecasters expect the fourth quarter to come in under 2%.

The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival. This will weigh on job growth and capex over the next few months, to the point where we are not ready to rule out a further [Federal Reserve] easing in January,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note.

Manufacturing is considered a reliable bellwether for how the rest of the economy is doing, though it comprises only about one-fifth of GDP.

Nearly all of the key ISM indicators were at contraction levels in November.

Employment was at 46.6, down 1.1 point for the month, while export orders fell 2.5 points to 47.9 as the U.S. and China continue to look for a resolution to a trade dispute that began more than a year and a half ago.

Supplier deliveries was one of the few metrics in expansion, rising 2.5 points to 52.

In a related release, the Markit manufacturing reading, known as the Purchasing Managers Index, indicated expansion, coming in at 52.6, just above expectations and a bit better than the 51.3 October reading.

The Markit PMI growth reflected an uptick in production and new orders as well as strength in employment indicators. It was the strongest reading in seven months.

Investors will get a close look Friday at the impact the manufacturing slowdown and trade war have had on the broader economy. The Labor Department’s nonfarm payrolls report comes down that day, with economists surveyed by Dow Jones expecting a sharp rebound in growth to 187,000 from November’s 128,000.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: jeff cox
Keywords: news, cnbc, companies, growth, reliable, points, expansion, territory, contraction, orders, manufacturing, reading, report, key, ism, remains, trade, index, shows


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Panthers owner David Tepper willing to pay up to bring the MLS to Charlotte, report says

CHARLOTTE, NORTH CAROLINA – DECEMBER 01: Carolina Panthers owner David Tepper looks on before their game against the Washington Redskins at Bank of America Stadium on December 01, 2019 in Charlotte, North Carolina. Carolina Panthers owner and hedge-fund manager David Tepper is pushing for a Major League Soccer expansion team in Charlotte and is prepared to pay up to seal the deal, according to a report from Charlotte Business Journal. CBJ reported that the MLS could make a decision on the league


CHARLOTTE, NORTH CAROLINA – DECEMBER 01: Carolina Panthers owner David Tepper looks on before their game against the Washington Redskins at Bank of America Stadium on December 01, 2019 in Charlotte, North Carolina.
Carolina Panthers owner and hedge-fund manager David Tepper is pushing for a Major League Soccer expansion team in Charlotte and is prepared to pay up to seal the deal, according to a report from Charlotte Business Journal.
CBJ reported that the MLS could make a decision on the league
Panthers owner David Tepper willing to pay up to bring the MLS to Charlotte, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: elly cosgrove
Keywords: news, cnbc, companies, club, stadium, report, david, bring, team, expansion, panthers, charlotte, teams, willing, mls, league, owner, pay, tepper


Panthers owner David Tepper willing to pay up to bring the MLS to Charlotte, report says

CHARLOTTE, NORTH CAROLINA – DECEMBER 01: Carolina Panthers owner David Tepper looks on before their game against the Washington Redskins at Bank of America Stadium on December 01, 2019 in Charlotte, North Carolina.

Carolina Panthers owner and hedge-fund manager David Tepper is pushing for a Major League Soccer expansion team in Charlotte and is prepared to pay up to seal the deal, according to a report from Charlotte Business Journal.

Tepper requested $100 million in taxpayer money, which would come out of the city’s existing tourism tax revenue, to “help build a soccer training headquarters and to make soccer-specific improvements at the NFL stadium,” CBJ said. The business journal reported that Tepper would also invest $425 million of his own money to help pay for the entry fee, coaches, staff, players and more.

The MLS is having a board of governors meeting in New York on Thursday and expansion will be on the agenda as it has been for every such meeting over the past 15 years, an MLS spokesman told CNBC. Multiple markets will be considered in addition to Charlotte and an announcement of a future expansion club will take place in the city of the new team, he said.

CBJ reported that the MLS could make a decision on the league’s next expansion team by the end of 2019.

Twenty-four teams competed in the 2019 regular season and there are 29 total clubs with agreements currently in place, according to the league. The MLS announced in April that it planned to expand to 30 teams in the coming years but has not finalized a timeline for the addition.

Tepper reached a deal to buy the Panthers in May of 2018 for about $2.2 billion.

Charlotte already has quite the roster of professional sports teams, making it an attractive choice for an MLS expansion club. Not only is it home to the Panthers but also the Charlotte Hornets, an NBA team, and the Charlotte Knights, a minor league baseball team that is the Triple-A affiliate of the Chicago White Sox.

Sacramento became the most recent city awarded an MLS expansion club in October. It will be the 29th team when it begins to compete in 2022.

The league, which had only 10 clubs in 2004, has more than doubled in size over the last 15 years.

Tepper wasn’t immediately available for comment.

—CNBC’s Jabari Young contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: elly cosgrove
Keywords: news, cnbc, companies, club, stadium, report, david, bring, team, expansion, panthers, charlotte, teams, willing, mls, league, owner, pay, tepper


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

We expect a big expansion in trade from China: Dubai Airports CEO

DUBAI — Dubai Airports CEO Paul Griffiths isn’t worried about the growth in the Chinese economy — yet. Asked by CNBC’s Hadley Gamble about slowing traffic from China, Griffiths replied, “I’m not sure that’s the case.” So we are getting ready for a big expansion in trade from China. Dubai International Airport (DXB) posted a 2.4% decline in passenger traffic for this year’s third quarter, handling 23.2 million passengers between July and the end of September. DXB is the world’s busiest airport fo


DUBAI — Dubai Airports CEO Paul Griffiths isn’t worried about the growth in the Chinese economy — yet.
Asked by CNBC’s Hadley Gamble about slowing traffic from China, Griffiths replied, “I’m not sure that’s the case.”
So we are getting ready for a big expansion in trade from China.
Dubai International Airport (DXB) posted a 2.4% decline in passenger traffic for this year’s third quarter, handling 23.2 million passengers between July and the end of September.
DXB is the world’s busiest airport fo
We expect a big expansion in trade from China: Dubai Airports CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-17  Authors: natasha turak
Keywords: news, cnbc, companies, trade, quarter, dubai, china, airports, airport, big, ceo, passengers, weve, expect, chinese, griffiths, expansion, growth, million


We expect a big expansion in trade from China: Dubai Airports CEO

DUBAI — Dubai Airports CEO Paul Griffiths isn’t worried about the growth in the Chinese economy — yet. The chief of the United Arab Emirates government-owned airport operator is still seeing positive trajectory in Chinese air travel to and from the major hub of Dubai, he told CNBC at the Dubai Airshow on Sunday.

Asked by CNBC’s Hadley Gamble about slowing traffic from China, Griffiths replied, “I’m not sure that’s the case.”

“We’re still seeing very positive growth on the Chinese routes, so much so that we’ve now introduced specific features throughout the airports — hot water dispensers, Mandarin menus at some of the restaurants, the ability to use Chinese payment services throughout the airport. So we are getting ready for a big expansion in trade from China. And I think as with a lot of markets in the past, we’ve been able to demonstrate we can buck the overall trends and still see growth where the others are not experiencing the same level of growth.”

China’s gross domestic product (GDP) growth was hit by a slowdown to 6% in the third quarter of this year from 6.2% in the previous quarter, its lowest in three decades. Growth trajectory remains highly uncertain as the trade war between China and the U.S. stretches into its 16th month, with high-stakes negotiations underway.

Dubai International Airport (DXB) posted a 2.4% decline in passenger traffic for this year’s third quarter, handling 23.2 million passengers between July and the end of September.

The first nine months of 2019 saw 4.5% fewer passengers than the same time period a year ago at 64.5 million. Griffiths attributed the declines to a 45-day long closure of a runway at DXB in the spring, and the grounding of the Boeing 737 MAX jet since March, the liquidation of major Indian carrier Jet Airways in April, which he said caused a “hiatus in Indian traffic.”

DXB is the world’s busiest airport for international travelers, CNBC reported last year, handling 89.1 million passengers in 2018.


Company: cnbc, Activity: cnbc, Date: 2019-11-17  Authors: natasha turak
Keywords: news, cnbc, companies, trade, quarter, dubai, china, airports, airport, big, ceo, passengers, weve, expect, chinese, griffiths, expansion, growth, million


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

AES and Google in 10-year tie up to push expansion of clean energy

U.S. company AES Corporation and Google have entered into a 10-year strategic alliance which they hope will speed up the expansion and adoption of clean energy. In an announcement Wednesday, the Arlington, Virginia headquartered power firm said it would leverage “Google Cloud technology to pioneer innovation in the sector.” AES added that it would utilize Google Cloud technology to both improve energy customers’ experience and “help create the grid of the future.” Another company called Uplight,


U.S. company AES Corporation and Google have entered into a 10-year strategic alliance which they hope will speed up the expansion and adoption of clean energy.
In an announcement Wednesday, the Arlington, Virginia headquartered power firm said it would leverage “Google Cloud technology to pioneer innovation in the sector.”
AES added that it would utilize Google Cloud technology to both improve energy customers’ experience and “help create the grid of the future.”
Another company called Uplight,
AES and Google in 10-year tie up to push expansion of clean energy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: anmar frangoul
Keywords: news, cnbc, companies, clean, expansion, google, technology, aes, global, 10year, tie, adoption, sources, wind, push, energy, solar, cloud


AES and Google in 10-year tie up to push expansion of clean energy

U.S. company AES Corporation and Google have entered into a 10-year strategic alliance which they hope will speed up the expansion and adoption of clean energy.

In an announcement Wednesday, the Arlington, Virginia headquartered power firm said it would leverage “Google Cloud technology to pioneer innovation in the sector.”

Among other things, the two firms said they would work with one another “to develop and implement solutions that enable broad adoption of clean energy.”

AES added that it would utilize Google Cloud technology to both improve energy customers’ experience and “help create the grid of the future.” Another company called Uplight, which AES is a major investor in, will also use technology from Google Cloud.

Renewable sources of energy are becoming increasingly important cogs in the global energy mix. This shift from fossil-fuel based sources to ones such as solar and wind — the “global energy transition” — will have a long-lasting impact, especially in the way grids operate.

Research and consultancy group Wood Mackenzie, for example, has said that solar and wind will meet “close to 20% of global power needs” by the year 2035.

This shift presents its own challenges, because while sources such as solar and wind are renewable, they do not promise a constant and predictable stream of power.

It’s within this context that the development of intelligent grids that can cope with the large-scale adoption of renewables will be important in the years ahead.

“We’re proud to have been selected by Google to form this strategic alliance,” Andrés Gluski, the president and CEO of AES, said in a statement. “By combining the capabilities, footprint and experience of both companies, we will be able to provide better and more efficient energy solutions.”

Google Cloud’s CEO, Thomas Kurian, said that his business and AES would leverage the cloud, artificial intelligence, machine learning and data analytics to “help transform the energy industry’s infrastructure, while driving wider adoption of renewable energy around the world.”


Company: cnbc, Activity: cnbc, Date: 2019-11-06  Authors: anmar frangoul
Keywords: news, cnbc, companies, clean, expansion, google, technology, aes, global, 10year, tie, adoption, sources, wind, push, energy, solar, cloud


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Fed set to cut rates, GDP report, Apple earnings: 3 things to watch in Wednesday’s markets

Fed likely to cut rates againThe Federal Reserve is widely expected to deliver a third straight interest-rate cut on Wednesday. Nearly 80% of the fund managers, economists and strategists surveyed by CNBC’s Steve Liesman expect a quarter point rate reduction this week. However, 63% believe the Fed will pause cutting rates for the remainder of the year. All eyes will be on chairman Jerome Powell’s signal on where the Fed stands in the easing cycle. Wall Street’s top economist Ed Hyman said the an


Fed likely to cut rates againThe Federal Reserve is widely expected to deliver a third straight interest-rate cut on Wednesday.
Nearly 80% of the fund managers, economists and strategists surveyed by CNBC’s Steve Liesman expect a quarter point rate reduction this week.
However, 63% believe the Fed will pause cutting rates for the remainder of the year.
All eyes will be on chairman Jerome Powell’s signal on where the Fed stands in the easing cycle.
Wall Street’s top economist Ed Hyman said the an
Fed set to cut rates, GDP report, Apple earnings: 3 things to watch in Wednesday’s markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-29  Authors: yun li
Keywords: news, cnbc, companies, cut, surveyed, fed, gdp, things, earnings, wednesdays, expected, markets, set, quarter, federal, expansion, watch, rate, rates, report


Fed set to cut rates, GDP report, Apple earnings: 3 things to watch in Wednesday's markets

Here are the most important things to know about Wednesday before you hit the door.

1. Fed likely to cut rates again

The Federal Reserve is widely expected to deliver a third straight interest-rate cut on Wednesday. Nearly 80% of the fund managers, economists and strategists surveyed by CNBC’s Steve Liesman expect a quarter point rate reduction this week. However, 63% believe the Fed will pause cutting rates for the remainder of the year. The respondents believe the next cut will come in February, on average. All eyes will be on chairman Jerome Powell’s signal on where the Fed stands in the easing cycle. The Federal Open Market Committee announcement is scheduled for 2:00 p.m. ET, followed by a press conference with Powell at 2:30 p.m. ET. Wall Street’s top economist Ed Hyman said the anticipated cut will be the market’s “magic sauce,” giving the economy a needed jolt.

2. GDP to slow?

The central bank’s rate decision will come hours after the release of U.S. GDP data which is expected to show a further slowdown in the third quarter. Economists surveyed by Dow Jones are estimating gross domestic product increased at a 1.6% annualized pace in the July to September period, down from a 2% expansion in the second quarter. Consumer spending, the biggest part of the economy, has been the driving force of the longest economic expansion in U.S. history. However, the recent weakness in retail sales, which fell for the first time in seven months in September, could be a sign that the resilience of the consumer is waning.

3. Big earnings: Apple, Facebook, Starbucks


Company: cnbc, Activity: cnbc, Date: 2019-10-29  Authors: yun li
Keywords: news, cnbc, companies, cut, surveyed, fed, gdp, things, earnings, wednesdays, expected, markets, set, quarter, federal, expansion, watch, rate, rates, report


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Allbirds co-CEO says company plans to open 20 stores next year

Allbirds is planning to continue its brick-and-mortar expansion with 20 stores next year, the company’s co-founder and co-CEO Tim Brown said Monday. “We’ve got nearly 15 stores at the moment — 14 soon to be 15,” Brown said. “We’ll add 20 stores next year. The stores have helped create even more buzz about the wool sneakers, which the company touts as a environmentally sustainable approach to footwear. Amazon was recently accused of copying one of Allbirds’ popular shoes, but Brown does not think


Allbirds is planning to continue its brick-and-mortar expansion with 20 stores next year, the company’s co-founder and co-CEO Tim Brown said Monday.
“We’ve got nearly 15 stores at the moment — 14 soon to be 15,” Brown said.
“We’ll add 20 stores next year.
The stores have helped create even more buzz about the wool sneakers, which the company touts as a environmentally sustainable approach to footwear.
Amazon was recently accused of copying one of Allbirds’ popular shoes, but Brown does not think
Allbirds co-CEO says company plans to open 20 stores next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-28  Authors: mallika mitra, nia warfield
Keywords: news, cnbc, companies, coceo, stores, brown, continue, weve, company, try, sustainable, plans, allbirds, open, expansion


Allbirds co-CEO says company plans to open 20 stores next year

Allbirds is planning to continue its brick-and-mortar expansion with 20 stores next year, the company’s co-founder and co-CEO Tim Brown said Monday.

“We’ve got nearly 15 stores at the moment — 14 soon to be 15,” Brown said. “We’ll add 20 stores next year. Many of them in the states — we’ve got some overseas in China and the U.K. and in New Zealand.”

The shoe company started as an online retailer out of Silicon Valley and began opening stores in only the last few years, allowing shoppers to try on the sneakers before purchasing them. The stores have helped create even more buzz about the wool sneakers, which the company touts as a environmentally sustainable approach to footwear.

“We’re hugely excited about the channel,” Brown said. “It’s a great opportunity for people to touch our product, to try our product.”

Online retailers like Allbirds, Warby Parker, Casper and Everlane have begun to encroach on the real estate left behind as established retailers, like Sears and J.C. Penney, scale back their footprints. These e-tailers are garnering followings through social media and pop-up shops.

Amazon was recently accused of copying one of Allbirds’ popular shoes, but Brown does not think competition like this will stop Allbirds’ growth as long as the company continues to focus on innovation.

“We’re in a competitive space in footwear but, look, there’s 20 billion pairs of shoes made a year on average and we’re still very tiny,” Brown said. “We’ve got enormous potential to grow and continue to grow, but to do that we’re going to have to continue to innovate and continue to be good. The retail expansion is part of it, as is international, but at the core for us, it’s about product and it’s about material innovation.”

Despite the company’s store expansion, an IPO may still be far off.

“It’s premature to be thinking about that,” Brown said. “One day down the road, possibly, but at the moment we’re focused on execution and growing our business in a really, really sustainable way.”


Company: cnbc, Activity: cnbc, Date: 2019-10-28  Authors: mallika mitra, nia warfield
Keywords: news, cnbc, companies, coceo, stores, brown, continue, weve, company, try, sustainable, plans, allbirds, open, expansion


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Revolut strikes deal with Mastercard to accelerate expansion into the US

Revolut’s logo is displayed on a smartphone next to a Mastercard-branded debit card issued by the U.K. fintech firm. British fintech firm Revolut has partnered up with Mastercard to help it expand into the U.S. by the end of the year. The deal means all of Revolut’s first debit cards in the U.S. will be issued with Mastercard, while a minimum of half its European cards will carry the payments giant’s branding. Revolut CEO Nik Storonsky said the firm would also use some of Mastercard’s new techno


Revolut’s logo is displayed on a smartphone next to a Mastercard-branded debit card issued by the U.K. fintech firm.
British fintech firm Revolut has partnered up with Mastercard to help it expand into the U.S. by the end of the year.
The deal means all of Revolut’s first debit cards in the U.S. will be issued with Mastercard, while a minimum of half its European cards will carry the payments giant’s branding.
Revolut CEO Nik Storonsky said the firm would also use some of Mastercard’s new techno
Revolut strikes deal with Mastercard to accelerate expansion into the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-22  Authors: ryan browne
Keywords: news, cnbc, companies, support, strikes, visa, accelerate, mastercard, deal, revoluts, card, issued, cards, expansion, revolut, firm, storonsky


Revolut strikes deal with Mastercard to accelerate expansion into the US

Revolut’s logo is displayed on a smartphone next to a Mastercard-branded debit card issued by the U.K. fintech firm.

British fintech firm Revolut has partnered up with Mastercard to help it expand into the U.S. by the end of the year.

The deal means all of Revolut’s first debit cards in the U.S. will be issued with Mastercard, while a minimum of half its European cards will carry the payments giant’s branding.

Revolut CEO Nik Storonsky said the firm would also use some of Mastercard’s new technology, including a platform that enables payments to be sent directly from one card to another.

“When we were trying to launch in the U.S. two years ago, Mastercard became our first offer for it,” Storonsky told CNBC in a phone interview, adding he thought the company had “great tech and great infrastructure.”

The deal arrives on the heels of a separate partnership Revolut struck with Mastercard’s largest rival, Visa, a few weeks ago, which it said would help the firm hire an additional 3,500 people by the summer of 2020 to support its global expansion.

But this new tie-up means that Mastercard will get first dibs when it comes to Revolut cards issued in the U.S. Visa will still be the card network behind 75% of Revolut’s cards beyond Europe though, and has said it still plans to support the firm’s U.S. launch at some point in the future.


Company: cnbc, Activity: cnbc, Date: 2019-10-22  Authors: ryan browne
Keywords: news, cnbc, companies, support, strikes, visa, accelerate, mastercard, deal, revoluts, card, issued, cards, expansion, revolut, firm, storonsky


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Robert Shiller: Recession likely years away due to bullish Trump effect

Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market. According to the Yale University professor, President Donald Trump is creating an environment that’s conducive to strong consumer spending, and it’s a major force that should hold off a recession. Shiller, a behavioral finance expert who’s out with the new book “Narrative Economics,” believes Americans are still opening their wallets wide based on what President Trump


Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market.
According to the Yale University professor, President Donald Trump is creating an environment that’s conducive to strong consumer spending, and it’s a major force that should hold off a recession.
Shiller, a behavioral finance expert who’s out with the new book “Narrative Economics,” believes Americans are still opening their wallets wide based on what President Trump
Robert Shiller: Recession likely years away due to bullish Trump effect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-20  Authors: stephanie landsman
Keywords: news, cnbc, companies, away, shiller, expansion, robert, yale, recession, spending, wonder, strong, believes, president, trump, effect, bullish, needs, likely


Robert Shiller: Recession likely years away due to bullish Trump effect

Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market.

According to the Yale University professor, President Donald Trump is creating an environment that’s conducive to strong consumer spending, and it’s a major force that should hold off a recession.

“Consumers are hanging in there. You might wonder why that would be at this time so late into the cycle. This is the longest expansion ever. Now, you can say the expansion was partly [President Barack] Obama,” he told CNBC’s “Trading Nation” on Friday. “But lingering on this long needs an explanation.”

Shiller, a behavioral finance expert who’s out with the new book “Narrative Economics,” believes Americans are still opening their wallets wide based on what President Trump exemplifies: Consumption.

“I think that [strong spending] has to do with the inspiration for many people provided by our motivational speaker president who models luxurious living,” said Shiller.

Shiller emphasizes there’s still uncertainty and risk surrounding Wall Street.

Before the markets can take-off, Shiller stresses President Trump needs to get past the impeachment inquiry. He sees this as the biggest threat to his optimistic forecast.


Company: cnbc, Activity: cnbc, Date: 2019-10-20  Authors: stephanie landsman
Keywords: news, cnbc, companies, away, shiller, expansion, robert, yale, recession, spending, wonder, strong, believes, president, trump, effect, bullish, needs, likely


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Oyo CEO says aggressive US expansion continues, defends investor SoftBank

Japanese tech conglomerate SoftBank may be struggling with its investments in WeWork and Uber, but its stake in Oyo Hotels & Homes continues to pan out well … for now. In its latest round, Oyo raised $1.5 billion in Series F funding. Oyo CEO Ritesh Agarwal through his holding company RA Hospitality Holdings put $700 million into the company as primary capital, financed by a consortium of Japanese banks. On going public, Agarwal said, “Oyo has no plans for an IPO because we are focused on execu


Japanese tech conglomerate SoftBank may be struggling with its investments in WeWork and Uber, but its stake in Oyo Hotels & Homes continues to pan out well … for now. In its latest round, Oyo raised $1.5 billion in Series F funding. Oyo CEO Ritesh Agarwal through his holding company RA Hospitality Holdings put $700 million into the company as primary capital, financed by a consortium of Japanese banks. On going public, Agarwal said, “Oyo has no plans for an IPO because we are focused on execu
Oyo CEO says aggressive US expansion continues, defends investor SoftBank Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: seema mody
Keywords: news, cnbc, companies, oyo, expansion, companys, investor, growth, aggressive, wework, ceo, continues, softbank, hotel, company, agarwal, defends, raised, hotels


Oyo CEO says aggressive US expansion continues, defends investor SoftBank

Japanese tech conglomerate SoftBank may be struggling with its investments in WeWork and Uber, but its stake in Oyo Hotels & Homes continues to pan out well … for now.

In its latest round, Oyo raised $1.5 billion in Series F funding. Oyo CEO Ritesh Agarwal through his holding company RA Hospitality Holdings put $700 million into the company as primary capital, financed by a consortium of Japanese banks.

Oyo, the fast-growing hotel budget chain operator that started in India six years ago, is doubling down on its expansion plans and taking aim at the U.S. after growing its presence in a number of markets in broader Asia.

Oyo’s business model consists of renovating and rebranding budget hotels, applying a set of standards to drive occupancy while using its online booking platform and mobile app to fill the rooms.

Agarwal is forecasting the occupancy rate of its U.S. hotels — once rebranded — to rise to 70% to 80% from 35% to 40%.

Oyo said it uses dynamic pricing and data analytics to effectively price its hotel rooms and works closely with each hotel owner to improve RevPAR or revenue per available room – the main metric used by the hotel and lodging industry.

In a phone interview with CNBC, Agarwal tried to differentiate Oyo from other fast-growing private companies that have yet to turn profitable and have received strong criticism from investors.

“Three years in a row we have cut our losses in half every year … and our revenue continues to increase,” Agarwal told CNBC.

“We are comfortable we are on the right path,” Agarwal said in regard to Oyo’s financial position.

When asked about the company’s path to profitability, Agarwal said it is “only a matter of time before get there.”

Being able to effectively articulate a company’s plan to becoming profitable has been one of the primary challenges facing high-flying IPOs like Uber, Lyft and Peloton, all of which are trading below their offer price.

Agarwal said his team remains fixated on growth, penetrating new markets while creating a strong brand name in the U.S. By room count, Oyo said it has become the world’s third-largest hotel chain, behind Marriott and Hilton. As of June 2019, the company said it has 23,000 hotels with 850,000 rooms in 800 cities across the globe.

On going public, Agarwal said, “Oyo has no plans for an IPO because we are focused on execution.”

Troubles at WeWork, a shared workspace giant that recently canceled its IPO, have thrust SoftBank, its largest shareholder, into the spotlight and raised concerns about its style of investing.

But Agarwal was quick to praise SoftBank founder Masayoshi Son, one of his first investors.

“Masa is one of the most visionary leaders of our generation,” Agarwal said. “He invested in Alibaba, Yahoo Japan. We remain inspired by him. I attribute a lot of our growth to him.”

Agarwal said when Oyo was expanding into China, Son’s team played an instrumental role in the launch. Oyo is now in 80-plus countries around the world.

Still, the scale of Oyo’s expansion has raised questions surrounding the company’s aggressive growth strategy, especially given Wework’s latest difficulties, said one investor to CNBC.

According to bankers, Oyo has a valuation of $10 billion. Key investors include SoftBank Vision Fund, Lightspeed Ventures, Airbnb and Sequoia Capital.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: seema mody
Keywords: news, cnbc, companies, oyo, expansion, companys, investor, growth, aggressive, wework, ceo, continues, softbank, hotel, company, agarwal, defends, raised, hotels


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post