Author: arthursheikin@gmail.com

One place investors can turn to in this volatile market is agency mortgage-backed securities, according to Janus Henderson. The assets —debt obligations created out of a pool of mortgages and backed by the federal government — have historically been resilient in market selloffs, explained John Kerschner, head of U.S. securitized products and a portfolio manager at Janus. Stocks retreated on Friday after President Donald Trump resumed his threat of higher tariffs , this time leveled against Apple and the European Union . Treasury yields, which move inversely to prices, pulled back from their recent highs. Agency MBS are also relatively…

Goldman Sachs revealed recently several buy-rated stocks that analysts at the investment bank say are set to rise. The Wall Street firm says these companies are resilient and that investors should quickly buy them. CNBC Pro combed through Goldman Sachs research to find five stocks that it says have more upside. They include: Microsoft , KinderCare, Lyft, Woodward and Diamondback. KinderCare Buy the dip in shares of the early childhood learning company, according to analyst George Tong While KinderCare’s most recent earnings report was mixed, Goldman is doubliing down on the stock. “While sales cycles have elongated, the company noted…

This as-told-to essay is based on a conversation with James Crosby, a 26-year-old Deloitte consultant from Arlington, Virginia. It’s been edited for length and clarity.Online sports betting is legal in some states. Before participating, verify the legality in your specific state.My first month doing arbitrage betting, I made a little over $2,000. The second month, I made about $2,500. This month, I’m on track to bring in more than $4,000 in pure profit.The process is pretty straightforward: I’ve opened accounts on about 12 different sportsbook platforms, like FanDuel and DraftKings, and I pay to subscribe to a service call OddsJam,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Two US credit rating agencies have become embroiled in a rare public dispute over the reliability of scores for insurance companies’ growing stash of private credit investments. The dispute involves a study, since withdrawn by its publisher, purporting to find that small credit rating agencies assign more generous scores to private credit investments than the larger and more established ones. Kroll Bond Rating Agency has accused Fitch Ratings of misleading market participants by relying on the study to raise doubts about the…

Customers say they feel like they are being asked to leave a tip at more places, and some are fighting back.About 33% of people surveyed by Morning Consult said that they’re expected to tip more, either more often or a greater amount, than they were five years ago.They’re not imagining it. From self-checkout kiosks to paying for service on your car at a mechanic’s shop, customers are seeing businesses ask for tips in situations where gratuity wasn’t previously expected.Consumers are feeling pressure to tip more from that phenomenon, which a report on the survey from Morning Consult calls “tip creep.””The…

Jim Caron said the investor concern implied by rising bond yields is overdone.Yields on US Treasurys spiked this past week in response to President Donald Trump’s tax bill.The Morgan Stanley strategist said the fiscal deficit has long been a well-known issue.The recent surge in US bond yields is overblown, said a chief investment officer at Morgan Stanley.He’s referring to yields on 10- and 30-year US Treasurys, which rose as high as 4.6% and 5.2%, respectively, this past week. The increases came after the decision by Moody’s to downgrade its rating on US debt on May 16, and accelerated in the…

Lane Creatore realized she was sitting on an untapped gold mine: her closet.Her closet was full of viral pieces, many of them hardly worn and taking up space in her tiny New York City apartment. Instead of letting those clothes collect dust, Creatore turned to renting them out online.The 31-year-old fashion blogger is one of the thousands of women who rent their clothes on the app Pickle to the city’s fashionably desperate — maybe they need a dress for a wedding, or are just itching to wear an item but don’t want to pay the full price. In good months,…

Teens should consider learning AI tools now or risk falling behind, Google DeepMind CEO Demis Hassabis says.Just as millennials had the internet and personal computers and Gen Z had smartphones and tablets, generative AI is the transformative technology of Gen Alpha’s time — and they should embrace it, the AI leader said on a recent episode of “Hard Fork,” a podcast about the future of technology.”Over the next 5 to 10 years, I think we’re going to find what normally happens with big new technology shifts, which is that some jobs get disrupted,” he told co-hosts Kevin Roose and Casey…

McDonald’s franchise owner Scott Rodrick says his business has experienced ‘cost pressure’ since California’s minimum wage increase targeting fast food franchises on ‘Maria Bartiromo’s Wall Street.’ McDonald’s is extending its operating hours at most U.S. locations starting this summer amid an earlier decision to hire more than 300,000 workers. The fast food chain will keep stores open until midnight or later, although restaurants in airports, shopping malls or other areas that prohibit extended operating hours are excluded from the change.”Our fans know there’s no better way to end an unforgettable night than by feasting on your favorite McDonald’s order,” the…

Boeing CEO Kelly Ortberg and Larry Culp, CEO of GE Aerospace thanked President Trump for helping broker a $96 billion historic order from Qatar Airways. Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., called for Boeing to be prosecuted by the Department of Justice on Friday in connection with a criminal fraud case involving deadly crashes in recent years. The Democratic senators also asked that the DOJ reject a tentative deal that would keep the plane manufacturer from pleading guilty.Boeing has been accused of misleading regulators about its 737 MAX jet ahead of two crashes that killed a total of…