US Treasury yields tick higher as investors consider smaller Fed rate cut

Disney bought Marvel for $4 billion in 2009. It’s made $18.2… These box office numbers do not include the cost of production or marketing costs. They also don’t count the billions in merchandising that Disney has made over the last…Entertainmentread more


Disney bought Marvel for $4 billion in 2009. It’s made $18.2… These box office numbers do not include the cost of production or marketing costs. They also don’t count the billions in merchandising that Disney has made over the last…Entertainmentread more
US Treasury yields tick higher as investors consider smaller Fed rate cut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: sam meredith
Keywords: news, cnbc, companies, higher, office, treasury, rate, consider, include, tick, merchandising, marvel, cut, fed, lastentertainmentread, smaller, marketing, investors, yields, production, numbers, disney, dont


US Treasury yields tick higher as investors consider smaller Fed rate cut

Disney bought Marvel for $4 billion in 2009. It’s made $18.2…

These box office numbers do not include the cost of production or marketing costs. They also don’t count the billions in merchandising that Disney has made over the last…

Entertainment

read more


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: sam meredith
Keywords: news, cnbc, companies, higher, office, treasury, rate, consider, include, tick, merchandising, marvel, cut, fed, lastentertainmentread, smaller, marketing, investors, yields, production, numbers, disney, dont


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Major gold bull markets are rare, but some investors are betting one is here

Gold has been on fire this year, and some investors think the precious metal is poised to do something it has only done twice since World War II: enter a major bull market. In its strictest sense, a bull market is considered to be a gain of more than 20% from the most recent low. But pops like the one that just occurred aren’t considered a genuine bull market by most investors but rather just a cyclical upswing. Gold is also used by investors as a safe haven to trade amid geopolitical tensions.


Gold has been on fire this year, and some investors think the precious metal is poised to do something it has only done twice since World War II: enter a major bull market. In its strictest sense, a bull market is considered to be a gain of more than 20% from the most recent low. But pops like the one that just occurred aren’t considered a genuine bull market by most investors but rather just a cyclical upswing. Gold is also used by investors as a safe haven to trade amid geopolitical tensions.
Major gold bull markets are rare, but some investors are betting one is here Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: fred imbert
Keywords: news, cnbc, companies, trade, stocks, investors, markets, betting, policy, market, bull, gold, yields, rates, major, rare, inflation


Major gold bull markets are rare, but some investors are betting one is here

Gold has been on fire this year, and some investors think the precious metal is poised to do something it has only done twice since World War II: enter a major bull market.

The metal is trading above $1,400 per ounce for the first time since 2013 and is up more than 12% year to date. That also represents a rally of more than 35% since it broke below $1,100 per ounce in late 2015.

In its strictest sense, a bull market is considered to be a gain of more than 20% from the most recent low. But pops like the one that just occurred aren’t considered a genuine bull market by most investors but rather just a cyclical upswing. Instead they would like to see a rally that lasts for years and involves bigger gains.

Gold could build on these recent gains as the Federal Reserve gets set to lower rates, U.S. economic activity slows and trade tensions remain. Historically, gold has rallied when the Fed cuts because such moves depress bond yields and the U.S. dollar. Gold is also used by investors as a safe haven to trade amid geopolitical tensions.

“If our judgment is correct and the U.S. economy is softening and inflation will fall moving forward and yields are going to stay low for an extended period of time, then that’s bullish for gold,” said Chen Zhao, chief global strategist at Alpine Macro.

Investors are betting the Fed will cut interest rates at its July 30-31 policy meeting. Market expectations for a 25 basis-point cut are at 58.9%, according to the CME Group’s FedWatch tool. Expectations for a 50 basis-point decrease are at 41.1%.

A rate cut would come at a time when policymakers and investors are worried about the U.S. economy. Fed Chairman Jerome Powell said on July 10 that business investments have slowed across the U.S. recently as “crosscurrents ” from the ongoing U.S.-China trade war and slower economic growth overseas dampen the outlook on the U.S. economy. At the same time, inflation remains stubbornly below the Fed’s 2% target.

China and the U.S. have been engaged in a trade war for more than a year, exchanging tariffs on billions of dollars worth of their goods in that time. The two countries agreed to restart trade talks late last month. But President Donald Trump said Tuesday the two sides still had a long way to go before they reached a deal.

In Europe, manufacturing activity contracted last month, according to data from IHS Markit. Manufacturing activity in the region was hit by a “challenging economic environment” amid trade tensions and the “political uncertainties.” Data sets like this led European Central Bank President Mario Draghi to clear the path for more stimulus in the region.

This environment of easier monetary policy hits the sweet spot for gold.

“Gold is often thought of as an inflation hedge, yet the two have not been correlated over the past 20 years,” Phillip Colmar, founding partner at MRB Partners, said in a note earlier this month. “Instead, gold thrives and core consumer price inflation tends to rise in an environment where policymakers are deliberately and persistently keeping policy rates and bond yields anchored below nominal GDP growth (i.e. fueling growth and inflation with an easy policy), which was the case of the 1960s and 1970s.”

Colmar added he would not “chase” gold at current levels, saying “conditions are overbought.” However, “we view the recent rise in gold prices as a market-based signal that central banks are providing more reflation (via lower interest rates and bond yields) than is currently necessary to support the global economy.”

The last major bull market in gold lasted from the late 1990s until 2011. The one before that ran between the late 1960s and 1980. Gold benefited from the Fed lowering interest rates during both of those periods, as the central bank’s measures helped spur inflation in the U.S.

To be sure, stocks have also gotten a boost from easier monetary policy. In fact, historically low interest rates have been one of the biggest catalysts for stocks during their current bull market, which is the longest on record. These measures allow companies to borrow money at a cheaper rate so they can grow their businesses or buy back stock.

But Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, thinks it might be time to favor the yellow metal over stocks, saying central banks are about to spark a “paradigm shift” in investing with this round of monetary easing.

Dalio said in a LinkedIn post that assets like stocks “are unlikely to be good real returning investments and that those that will most likely do best will be those that do well when the value of money is being depreciated and domestic and international conflicts are significant, such as gold.”

“Additionally, … most investors are underweighted in such assets, meaning that if they just wanted to have a better balanced portfolio to reduce risk, they would have more of this sort of asset. For this reason, I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio, ” he added.

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Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: fred imbert
Keywords: news, cnbc, companies, trade, stocks, investors, markets, betting, policy, market, bull, gold, yields, rates, major, rare, inflation


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FANG stocks have lost their characteristic mojo, but investors are sticking with them

The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt. The so-called FANG block of tech giants — Facebook, Amazon, Netflix and Google’s parent Alphabet — are still mostly in the red for the trailing 12 months despite their strong year-to-date comeback. Amazon’s single-digit gains in the past 12 months can also be compromised if the e-commerce giant disappoints when reporting earnings next w


The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt. The so-called FANG block of tech giants — Facebook, Amazon, Netflix and Google’s parent Alphabet — are still mostly in the red for the trailing 12 months despite their strong year-to-date comeback. Amazon’s single-digit gains in the past 12 months can also be compromised if the e-commerce giant disappoints when reporting earnings next w
FANG stocks have lost their characteristic mojo, but investors are sticking with them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: yun li
Keywords: news, cnbc, companies, yeartodate, hiccups, sticking, stocks, lost, investors, characteristic, tech, netflix, earnings, months, worries, mojo, run, fang, 12


FANG stocks have lost their characteristic mojo, but investors are sticking with them

The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt.

The so-called FANG block of tech giants — Facebook, Amazon, Netflix and Google’s parent Alphabet — are still mostly in the red for the trailing 12 months despite their strong year-to-date comeback. Amazon’s single-digit gains in the past 12 months can also be compromised if the e-commerce giant disappoints when reporting earnings next week.

It has become apparent that the backdrop for big tech is turning unfavorable from the government crackdown to the U.S.-China trade war to a global economic slowdown. Adding to the list of worries is their earnings trend— Netflix tanked more than 10% on Thursday on a surprising drop in the subscriptions number. But so far, many investors believe these are just “hiccups” on their mega upward trend.

“It’s undeniable they’ve had a very robust run,” said Mike Loewengart, chief investment officer at E-Trade Capital. “With the ones that have elevated evaluations where there are a lot of expectations going into their near-term results, when there are hiccups along the way, it’s not unreasonable to see them fall in response to that.”


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: yun li
Keywords: news, cnbc, companies, yeartodate, hiccups, sticking, stocks, lost, investors, characteristic, tech, netflix, earnings, months, worries, mojo, run, fang, 12


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Week ahead: Earnings, GDP expected to show sluggish growth as investors await rate cut

Drew Angerer | Getty ImagesSluggish economic and earnings growth will be a theme in markets in the week ahead, as investors await a Fed interest rate cut at the end of the month. More than a quarter of the S&P 500 companies report earnings in the coming week, the second big week of the second quarter reporting season. Slower economyAs earnings growth was muted in the second quarter, so was the pace of economic gains. If growth comes in as expected, it would be the first quarter where growth was


Drew Angerer | Getty ImagesSluggish economic and earnings growth will be a theme in markets in the week ahead, as investors await a Fed interest rate cut at the end of the month. More than a quarter of the S&P 500 companies report earnings in the coming week, the second big week of the second quarter reporting season. Slower economyAs earnings growth was muted in the second quarter, so was the pace of economic gains. If growth comes in as expected, it would be the first quarter where growth was
Week ahead: Earnings, GDP expected to show sluggish growth as investors await rate cut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: patti domm
Keywords: news, cnbc, companies, await, investors, trade, gdp, market, rate, cut, roth, fed, expected, companies, earnings, growth, sluggish, quarter, week


Week ahead: Earnings, GDP expected to show sluggish growth as investors await rate cut

Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), January 2, 2019. Drew Angerer | Getty Images

Sluggish economic and earnings growth will be a theme in markets in the week ahead, as investors await a Fed interest rate cut at the end of the month. More than a quarter of the S&P 500 companies report earnings in the coming week, the second big week of the second quarter reporting season. FAANG names, like Alphabet and Amazon, and blue chips from McDonald’s to Boeing and United Technologies are among the more than 130 companies reporting. There is also some key economic data, including Friday’s second quarter GDP, which should show a slowing to 1.8% from the first quarter’s 3.1% pace, according to Refinitiv. On Thursday, durable goods are reported and will include an update on businesses investment. There are also existing home sales Tuesday, new home sales Wednesday and advance economic indicators Thursday. But there will be no Fed speakers, after a parade of central bank officials in the past week, including Fed Chair Jerome Powell. The most impactful comments, however, came Thursday from New York Fed President John Williams, who set off a debate about how much the Fed could cut rates at its July 30-31 meeting — 25 or 50 basis points. Even as the New York Fed later said Williams comments were not about current policy, market pros took heed of his words about how central bankers should “act quickly.”

Fed dominates

Fed officials do not speak publicly in the days ahead of policy meetings, but market pros will find plenty to debate. Fed funds futures were predicting a 43% chance of a 50 basis point cut in July, after shooting as high as 70% Thursday afternoon. “For sure, the Fed is going to dominate for next week. I think we’ll get at least a 25 basis point cut. I’m thinking we’re not going to get 50 basis point cut…The Fed has been burned when it’s been bold,” said Tony Roth, chief investment officer at Wilmington Trust. Roth said he believes the market is already pricing in a quarter-point cut, and he does not see the Fed’s rate cut as much of a longer-term catalyst for stocks. If it trims by a half percentage point, he expects just a short-term pop.

Economists believe the Fed will cut interest rates even though recent data has improved. That’s in part because Powell has stressed the Fed is focused on the global economic slowdown, trade wars and low inflation, and that it will do what it takes to keep the economy expanding. “The only real catalyst that would really help the market would be if there was a trade deal with China,” Roth said. “I think the likelihood of that is less than 10%. We’re very pessimistic on the possibility of a real deal with China prior to the [2020 presidential] election.” So, in the void ahead of the Fed’s meeting, the market will be watching earnings. As earnings rolled out this past week, stocks took a rest from their record-setting streak, as some companies lowered forecasts and most beat earnings and revenue estimates. As of Friday morning, 77% of the roughly 80 companies reporting had beaten earnings estimates, and 65% topped revenue forecasts, according to Refinitiv. Based on actual reports and forecasts, earnings per share for the S&P companies are expected to be up 1% in the second quarter. That is up from expectations that the profit growth would be slightly negative this quarter. “If you look at the numbers, we’re above the averages for top and bottom line beats, but at the same time when you look at revisions, every day we’re getting revisions for third and fourth quarter, and they’re coming down.There’s a real worry of an earnings recession, when you get out into the third and fourth quarter and out to next year,” Roth said. Roth said he’s currently neutral on risk assets, and he sees a slowdown brewing in the smallest U.S. companies that could spread up the food chain. “We do see those fundamental cracks in the economy in small business and the small business labor market, and on top of that you have these big macro risks out there,” such as trade and the upcoming election, Roth said.

Slower economy

As earnings growth was muted in the second quarter, so was the pace of economic gains. If growth comes in as expected, it would be the first quarter where growth was under 2% since the first quarter of 2017. Economists are watching to see how consumer spending fared in the quarter, after a recent pickup and also whether business inventories are declining. “The data we need is not Q2. What’s at risk is the growth and magnitude of the Fed rate cut. I don’t think Q2 is going to have much impact on the Fed’s thinking,” said Marc Chandler, chief market strategist at Bannockburn Global Forex. “It’s really how Q3 is progressing. It seems to me the economy softened in April and May and picked up in June with jobs data, retail sales and manufacturing sector.” Chandler said investors will also be focused on the European Central Bank, which some economists believe could cut its overnight deposit rate to negative 0.5% from negative 0.4% currently when it meets Thursday. Chandler said odds are about 50% for the rate cut, which many also expect in September. “While we’re waiting for the Fed to figure out whether it’s 25 or 50 basis points, and we’re waiting for the ECB to get all its forms sorted out … the emerging markets are pushing ahead,” said Chandler, noting Russia and Turkey could cut rates in the next several days, after similar moves in the past week by South Africa, South Korea and Indonesia. “It just makes the story more global. You’re seeing the trade numbers from China, Japan, Singapore and South Korea weaken. You’re seeing exports form China suffer. Exports from all of Asia are suffering,” he said. “The big surprise for China and Japan has also been on the import side. The declines in their imports is really someone else’s [drop in] exports.”

Rate cuts and currency wars

Dollar strength has been a consequence of the trade war, and Fed action could help turn it around. “If the Fed fails to move, you’re going to end up with an increasingly stronger dollar,” which impacts corporate earnings, Roth said. “The dollar is quite strong and is increasingly going to be a headwind for U.S. companies. It hasn’t appreciated that much in 12 months, but if we see a divergence in monetary policy between the U.S. and the rest of the world, you would see a carry trade develop where people would want to buy assets in the U.S.,” he said. The dollar index was slightly higher on the week, but Wall Street has been focused on President Donald Trump’s negative comments on the currency’s strength. As Trump has criticized the Fed, he also complains that other central banks manipulate their currencies to give them an edge in trade. Trump has said the Fed should already be cutting rates, something it hasn’t done since December 2008. A number of Wall Street strategists have said they now believe it is possible that the U.S. government could intervene to weaken the dollar, but that would be unlikely.

Calendar for the Week Ahead


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: patti domm
Keywords: news, cnbc, companies, await, investors, trade, gdp, market, rate, cut, roth, fed, expected, companies, earnings, growth, sluggish, quarter, week


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NASA is considering this inflatable space habitat for its return to the moon

What to watch in markets for the week aheadMore than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed’s meeting at the end of the month. Market Insiderread more


What to watch in markets for the week aheadMore than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed’s meeting at the end of the month. Market Insiderread more
NASA is considering this inflatable space habitat for its return to the moon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: brian clark
Keywords: news, cnbc, companies, meeting, markets, considering, monthmarket, investors, return, market, nasa, habitat, report, watch, space, inflatable, sp, quarter, week, moon


NASA is considering this inflatable space habitat for its return to the moon

What to watch in markets for the week ahead

More than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed’s meeting at the end of the month.

Market Insider

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Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: brian clark
Keywords: news, cnbc, companies, meeting, markets, considering, monthmarket, investors, return, market, nasa, habitat, report, watch, space, inflatable, sp, quarter, week, moon


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WeWork will host a Wall Street analyst day in IPO push

Signage is seen at the entrance of the WeWork offices on Broad Street in New York. The We Company, parent of shared office space manager WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company steps up its preparations for an initial public offering (IPO), people familiar with the matter said. While WeWork filed for an IPO with the U.S. Securities and Exchange Commission in December, it has yet to hire IPO underwriters, the sources said. WeWork wants to be in a posi


Signage is seen at the entrance of the WeWork offices on Broad Street in New York. The We Company, parent of shared office space manager WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company steps up its preparations for an initial public offering (IPO), people familiar with the matter said. While WeWork filed for an IPO with the U.S. Securities and Exchange Commission in December, it has yet to hire IPO underwriters, the sources said. WeWork wants to be in a posi
WeWork will host a Wall Street analyst day in IPO push Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: kate fazzini, annie palmer
Keywords: news, cnbc, companies, investors, ipo, wework, sources, analyst, debt, day, company, public, wall, push, billion, street, host, offering


WeWork will host a Wall Street analyst day in IPO push

Signage is seen at the entrance of the WeWork offices on Broad Street in New York.

The We Company, parent of shared office space manager WeWork, plans to host an analyst day for Wall Street banks on July 31, as the company steps up its preparations for an initial public offering (IPO), people familiar with the matter said.

WeWork’s decision to host the event at this stage is unusual, given that IPO hopefuls have typically hired underwriters by the time they invite analysts from Wall Street banks to educate them about their company’s business.

While WeWork filed for an IPO with the U.S. Securities and Exchange Commission in December, it has yet to hire IPO underwriters, the sources said. WeWork wants to be in a position to potentially go public by the end of 2019, the sources added.

The hosting of the event at this early stage indicates that the New York-based start-up wants to leave nothing to chance after other high-profile IPOs struggled or were canceled this year, amid pushback from investors over the frothy valuations sought.

The sources asked not to be identified because the matter is confidential. A spokesman for WeWork declined to comment.

The IPO market has been challenging for some of this year’s biggest listings. Ride-hailing companies Uber and Lyft faced criticism from investors about their steep losses and the lack of commitment to a timetable to reach profitability.

Last week, Anheuser Busch InBev NV, the world’s largest brewer, shelved the initial public offering (IPO) of its Asian business after it could not muster enough investor support for the valuation it sought.

WeWork was recently valued at $47 billion in a private fundraising round, making it one of the most valuable private companies in the world.

However, the money-losing company has faced questions about the sustainability of its business model, which is based on short-term revenue agreements and long-term loan liabilities.

The losses at WeWork’s parent company narrowed slightly in the first quarter of 2019 to $264 million as revenue continues to double annually.

WeWork is looking to raise $3 billion to $4 billion in debt before it goes public, and has held discussions with representatives of Goldman Sachs and JPMorgan Chase to discuss the debt offering, Reuters reported earlier this month.

A substantial debt offering could allow it to pitch itself to potential investors in a planned IPO as having sufficient funding to see itself to profitability.

WeWork, which was co-founded in 2010 by CEO Adam Neumann, has helped pioneer “coworking,” or shared desk-space, with a focus on startups, entrepreneurs and freelancers.

In January, Japan’s SoftBank boosted its stake in WeWork by $2 billion in a deal that was billions of dollars below what the company had hoped to raise to fund growth and buy out existing shareholders.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: kate fazzini, annie palmer
Keywords: news, cnbc, companies, investors, ipo, wework, sources, analyst, debt, day, company, public, wall, push, billion, street, host, offering


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N26, the online bank backed by Peter Thiel, is now worth $3.5 billion

Valentin Stalf, founder and CEO of N26, speaks on stage at the Digital Life Design innovation conference. German online bank N26 said Thursday that it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion. N26 said existing investors, including Peter Thiel’s Valar Ventures, Chinese tech giant Tencent and Singaporean sovereign wealth fund GIC, backed this latest round. “I think investors around the world see the disappointment customers face i


Valentin Stalf, founder and CEO of N26, speaks on stage at the Digital Life Design innovation conference. German online bank N26 said Thursday that it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion. N26 said existing investors, including Peter Thiel’s Valar Ventures, Chinese tech giant Tencent and Singaporean sovereign wealth fund GIC, backed this latest round. “I think investors around the world see the disappointment customers face i
N26, the online bank backed by Peter Thiel, is now worth $3.5 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: ryan browne
Keywords: news, cnbc, companies, valentin, investors, thiel, billion, think, million, bank, worth, stalf, peter, online, latest, company, valued, 35, recently, backed, n26


N26, the online bank backed by Peter Thiel, is now worth $3.5 billion

Valentin Stalf, founder and CEO of N26, speaks on stage at the Digital Life Design innovation conference.

German online bank N26 said Thursday that it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.

Based in Berlin, N26 has made waves in Europe with its app-based checking account and debit card. The firm doesn’t operate any brick-and-mortar branches, and yet has managed to lure in over 3.5 million customers across 24 countries in the continent.

The latest capital injection is a top-up to the firm’s $300 million fundraising, announced back in January, which saw it valued at $2.7 billion. N26 said existing investors, including Peter Thiel’s Valar Ventures, Chinese tech giant Tencent and Singaporean sovereign wealth fund GIC, backed this latest round.

“I think investors around the world see the disappointment customers face in retail banking,” N26 CEO Valentin Stalf told CNBC in an interview. “At the same time they see it’s a huge market.”

He added that the firm’s eye-watering valuation is “decent and actually low” for a company of its kind. “I think the company has the opportunity to be worth much more in the future,” Stalf said. For comparison, British competitor Monzo was recently valued by investors at $2.5 billion in its latest round of funding.

The fresh cash will help N26 ramp up hiring and fuel its global expansion strategy. The company currently has 1,300 employees globally. Having recently launched in the U.S., the German fintech firm now has its sights set on Brazil, and is due to launch their next year.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: ryan browne
Keywords: news, cnbc, companies, valentin, investors, thiel, billion, think, million, bank, worth, stalf, peter, online, latest, company, valued, 35, recently, backed, n26


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Gold retreats from 2-week peak as investors lock in profits

Gold prices pulled back from a two-week high to trade lower on Thursday, as some investors took advantage of the last session’s gain to book profits. Spot gold was down 0.4% at $1,420.60 per ounce, as of 0736 GMT, after hitting its highest since July 3 at $1,428.40. U.S. gold futures edged 0.1% lower to $1,421.60 an ounce. Among other precious metals, silver was up 0.1% at $15.99 per ounce, after hitting its highest since Feb. 20 at $16.12. Platinum rose 0.6% to $848.11 an ounce and palladium ga


Gold prices pulled back from a two-week high to trade lower on Thursday, as some investors took advantage of the last session’s gain to book profits. Spot gold was down 0.4% at $1,420.60 per ounce, as of 0736 GMT, after hitting its highest since July 3 at $1,428.40. U.S. gold futures edged 0.1% lower to $1,421.60 an ounce. Among other precious metals, silver was up 0.1% at $15.99 per ounce, after hitting its highest since Feb. 20 at $16.12. Platinum rose 0.6% to $848.11 an ounce and palladium ga
Gold retreats from 2-week peak as investors lock in profits Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18
Keywords: news, cnbc, companies, 01, profits, investors, ounce, lock, 2week, session, dollar, gold, trade, retreats, market, peak, rose, lower


Gold retreats from 2-week peak as investors lock in profits

Gold prices pulled back from a two-week high to trade lower on Thursday, as some investors took advantage of the last session’s gain to book profits.

Spot gold was down 0.4% at $1,420.60 per ounce, as of 0736 GMT, after hitting its highest since July 3 at $1,428.40. It rose nearly 1.5% in the previous session as the dollar slipped after weaker-than-expected U.S. housing data increased prospects for an interest rate cut by the Federal Reserve.

U.S. gold futures edged 0.1% lower to $1,421.60 an ounce.

“A slightly weaker dollar and a clear preference from investors over the last 24 hours drove safe-haven assets higher,” said Michael McCarthy, chief market strategist, CMC Markets.

“From gold’s point of view, it approached a key resistance level around $1,430, and having failed to push through it, it looks like short-term trading investors are taking advantage of gains.”

The dollar index was down 0.2% against a basket of major currencies on Thursday. It climbed to a one-week peak in the previous session on robust U.S. retail sales, but nudged lower as Treasury yields fell in the wake of weak U.S. housing market data and concerns about the unresolved U.S.-China trade conflict.

Meanwhile, the Fed is widely expected to lower interest rates by 25 basis points at its policy meeting at the end of the month, with some in the market even betting on a 50 basis point cut.

The Fed reported on Wednesday that the U.S. economy continued growing at a “modest” rate in recent weeks, with consumers continuing to spend and a “generally positive” outlook overall even in the face of disruptions caused by the U.S. trade policy.

Earlier in the week, U.S. President Donald Trump kept up the pressure on Beijing with a threat to put tariffs on another $325 billion of Chinese goods.

“Bullion is likely to see strong support after the Fed’s Beige Book emphasised policymakers’ concern on negative impact of trade uncertainty,” Edward Moya, a senior market analyst at OANDA, said in a note.

Indicative of sentiment, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.48% to 803.18 tonnes on Wednesday from 799.37 tonnes on Tuesday.

Among other precious metals, silver was up 0.1% at $15.99 per ounce, after hitting its highest since Feb. 20 at $16.12. The metal was on track for a fifth consecutive session of gains.

Platinum rose 0.6% to $848.11 an ounce and palladium gained 0.1% to $1,538.95.


Company: cnbc, Activity: cnbc, Date: 2019-07-18
Keywords: news, cnbc, companies, 01, profits, investors, ounce, lock, 2week, session, dollar, gold, trade, retreats, market, peak, rose, lower


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New ‘rhino bonds’ to allow investors to help with wildlife conservation

12 October 2018, Berlin: A young black rhino looking at the outside enclosure of the zoo for the first time since birth. Investors will soon be able to buy bonds that aim to increase the population of the endangered black rhino, and reward investors only when the numbers of these animals rise. Black rhino numbers have fallen from 65,000 in the 1970s to about 5,500 presently. Lack of available funding has created barriers to successful attempts of rhino conservation. It covers a total of 700 blac


12 October 2018, Berlin: A young black rhino looking at the outside enclosure of the zoo for the first time since birth. Investors will soon be able to buy bonds that aim to increase the population of the endangered black rhino, and reward investors only when the numbers of these animals rise. Black rhino numbers have fallen from 65,000 in the 1970s to about 5,500 presently. Lack of available funding has created barriers to successful attempts of rhino conservation. It covers a total of 700 blac
New ‘rhino bonds’ to allow investors to help with wildlife conservation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: spriha srivastava
Keywords: news, cnbc, companies, worlds, species, rhino, help, investors, financial, wildlife, rhinos, bonds, conservation, allow, bond, black, rib


New 'rhino bonds' to allow investors to help with wildlife conservation

12 October 2018, Berlin: A young black rhino looking at the outside enclosure of the zoo for the first time since birth.

Investors will soon be able to buy bonds that aim to increase the population of the endangered black rhino, and reward investors only when the numbers of these animals rise.

The $50 million Rhino Impact Bonds (RIB) will be the world’s first financial instrument working toward the conservation of a species at the risk of extinction.

CNBC takes a look at the concept behind an RIB.

Why rhinos?

Black rhino numbers have fallen from 65,000 in the 1970s to about 5,500 presently. The species is said to be extremely vulnerable to extinction in the wild. According to the Zoological Society of London (ZSL), the most critical threat to rhino populations is poaching for the illegal trade in rhino horn products.

Lack of available funding has created barriers to successful attempts of rhino conservation.

“The reality is that biodiversity is in crisis and there just isn’t enough funding to tackle the issue,” Dominic Jermey, the director general of the ZSL, told CNBC via email Thursday.

“Conservationists are battling to fund basic biological management activities, let alone fund critically needed interventions in response to the illegal wildlife trade being perpetrated by criminal syndicates.”

What is an RIB?

It’s a $50 million bond (a fixed-income investment instrument) with a five-year term and is aimed at growing the numbers of African black rhinos across five sites in Kenya and South Africa. It covers a total of 700 black rhinos that form about 12% of the world’s entire black rhino population.

“The Rhino Impact Bond (RIB) is the world’s first financial instrument for species conservation, transferring the risk of funding conservation from donors to impact investors by linking conservation performance to financial performance,” according to Conservation Capital, the company arranging the bond offer.

The bond, expected to launch in the first quarter of 2020, looks to boost the black rhino population by 10% globally.

How will the bond work?

The $50 million bond is based on an “outcome payments” model — a concept where investors receive financial returns only on the successful and measurable completion of the objective.

Investors will pay an upfront cost for buying the bond and they will be paid back their capital and a coupon if the population of African black rhinos increases in five years. The yield on the bond will be subject to the growth of the rhino population.

“On completion of the five-year term, an independent evaluator verifies whether the RIB target has been achieved: the performance relative to the RIB target determines the investors’ return,” according to a statement from Conservation Capital.


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: spriha srivastava
Keywords: news, cnbc, companies, worlds, species, rhino, help, investors, financial, wildlife, rhinos, bonds, conservation, allow, bond, black, rib


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Ray Dalio says gold will be a top investment during upcoming ‘paradigm shift’ for global markets

Hedge fund kingpin Ray Dalio is seeing a case for gold as central banks get more aggressive with policies that devalue currencies and are about to cause a “paradigm shift” in investing. Dalio, founder of the world’s largest hedge fund, wrote in a LinkedIn post that investors have been pushed into stocks and other assets that have equity-like returns. For this reason, I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio. The price of gold j


Hedge fund kingpin Ray Dalio is seeing a case for gold as central banks get more aggressive with policies that devalue currencies and are about to cause a “paradigm shift” in investing. Dalio, founder of the world’s largest hedge fund, wrote in a LinkedIn post that investors have been pushed into stocks and other assets that have equity-like returns. For this reason, I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio. The price of gold j
Ray Dalio says gold will be a top investment during upcoming ‘paradigm shift’ for global markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: jeff cox
Keywords: news, cnbc, companies, upcoming, ray, comes, investment, portfolio, dalio, investors, paradigm, likely, hedge, fund, post, markets, shift, global, gold


Ray Dalio says gold will be a top investment during upcoming 'paradigm shift' for global markets

Hedge fund kingpin Ray Dalio is seeing a case for gold as central banks get more aggressive with policies that devalue currencies and are about to cause a “paradigm shift” in investing.

Dalio, founder of the world’s largest hedge fund, wrote in a LinkedIn post that investors have been pushed into stocks and other assets that have equity-like returns. As a result, too many people are holding these types of securities and likely to face diminishing returns.

“I think these are unlikely to be good real returning investments and that those that will most likely do best will be those that do well when the value of money is being depreciated and domestic and international conflicts are significant, such as gold,” the Bridgewater Associates leader said.

“Additionally, for reasons I will explain in the near future, most investors are underweighted in such assets, meaning that if they just wanted to have a better balanced portfolio to reduce risk, they would have more of this sort of asset. For this reason, I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio. I will soon send out an explanation of why I believe that gold is an effective portfolio diversifier.”

The price of gold jumped higher amid Dalio’s publishing of the post, most recently up 0.7% around $1,421 an ounce.

Dalio’s call comes two weeks before the Federal Reserve is expected to cut its benchmark interest rate by at least a quarter point. That move comes after a three-year cycle of raising rates from the historically accommodative near-zero levels implemented during the financial crisis.

The fresh trends are part of what he labeled a new “paradigm shift” that comes after the last one during the crisis. Investors, Dalio said, are going to need to change their mindset about what will work after the longest bull market run in Wall Street history.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: jeff cox
Keywords: news, cnbc, companies, upcoming, ray, comes, investment, portfolio, dalio, investors, paradigm, likely, hedge, fund, post, markets, shift, global, gold


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