Chris Wattie | ReutersThe Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy into a recession, according to portfolio manager Paul Gambles.Gambles, co-founder and managing partner at MBMG Group, told CNBC's "Squawk Box Asia" the Fed was behind the curve on...
Category: Finance
Zero-day commodity options have now entered the ETF space
Investors can now trade commodities and a Treasury with a popular short-term options strategy.The Nasdaq recently launched five zero-day options-based exchange-traded funds: United States Oil Fund (USO), United States Natural Gas Fund (UNG), SPDR Gold Shares (GLD), iShares Silver Trust (SLV) and iShares 20+ year Treasury Bond ETF (TLT)."Zero-day to...
Apple is trying to unwind its Goldman Sachs credit card partnership
David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California.Michael Kovac | Getty Images Entertainment | Getty ImagesApple has given Goldman Sachs a proposal to end its credit-card...
Why cautious investors may want to look beyond high-yield savings accounts
Cautious investors piling into cash may want to consider other options.According to SPDR Exchange Traded Funds' Matthew Bartolini, active management can also provide them with stability and income while creating more opportunities for upside."Active fixed income has been really a consistent engine of support within the active [ETF] construct —...
Biden and Xi’s meeting sent an important signal for U.S. business in China
U.S. President Joe Biden and Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation summit in Woodside, California, on Nov. 15, 2023.Kevin Lamarque | ReutersBEIJING — U.S. President Joe Biden's meeting with Chinese President Xi Jinping last week has set a bottom line in...