A number of funds could be facing over $100 million in losses on their Credit Suisse investments after the lender’s forced merger with its rival UBS . The funds face losses on Credit Suisse’s additional tier-1 bonds (AT1), according to CNBC Pro analysis, after Swiss regulators deemed them worthless as part of the emergency merger … Read more
There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors CIO John Davi has financials topping his watch list. “You need to be mindful of your risk,’” Davi, who runs the AXS Astoria Inflation Sensitive ETF, told CNBC’s “ETF Edge” this week. The fund is … Read more
While the recent fallout in the banking sector has weighed on indexes this past week, some experts say the swings have shined a light on the efficiency of the exchange-traded fund market. “What’s important is that despite all the volatility, stocks get halted, the ETF continues to trade [and] volumes go up,” John Davi, founder … Read more
Having multiple credit cards and playing the rewards game can save you hundreds of dollars each year — if you’re smart about how you use the cards. “The big fork in the road is whether or not you carry a balance,” said Ted Rossman, senior analyst at Bankrate.com and Creditcards.com. “I think you should use … Read more
Interest rate jitters are meaningfully pushing investors to the shorter end of the yield curve, according to Joanna Gallegos, co-founder of fixed-income ETF issuer BondBloxx. Gallegos, former head of global ETF strategy for JPMorgan, believes it’s a sound approach. “It’s an intuitive trade. This is not 2022. This is not even five years ago. Yields … Read more
Several large companies have announced significant job cuts in recent months: Google, Microsoft, Amazon and other tech companies collectively laid off more than 70,000 employees in the last year and there are no signs of that trend slowing down. Given current economic conditions and a potential looming recession, experts say more layoffs are imminent, if … Read more
A man dressed in a thawb walks past Dassault Falcon executive jets, Dubai, United Arab Emirates Leonid Faerberg | Sopa Images | Lightrocket | Getty Images The organizers of the Investopia x Salt conference in Abu Dhabi — the brainchild of American financier and one-time White House press secretary Anthony Scaramucci and Dubai ruler Sheikh … Read more
Markets are jittery now that fears that interest rates will stay higher for longer have been reignited . Stocks tumbled on Tuesday and the 2-year Treasury yield jumped to 5%, its highest level since 2007 . How should investors trade in such an uncertain market? Here’s what BlackRock and other pros say. Barbell strategy in … Read more
Despite equities having long transitioned to electronic trading, over-the-counter trading remains common in the bond market. Bond ETFs are changing that. “It’s been a slower transition for the fixed-income markets to go more electronic and to modernize,” Joanna Gallegos, BondBloxx co-founder, told CNBC’s Bob Pisani on “ETF Edge” on Monday. Gallegos explained that the digitization of … Read more
While the thought of funding your retirement adequately might be daunting, if you start planning now you’ll certainly be thankful later. It also might not be as difficult as you think. Retirement usually entails replacing your onetime annual salary from a workplace with other income sources to maintain your current lifestyle. While Social Security may … Read more