Recorded at CNBC’s CONVERGE LIVE event in Singapore, Sara Eisen speaks to industry titans, Ray Dalio of Bridgewater Associates and Salesforce CEO Marc Benioff, who appear on stage together for the first time.On the economic challenges facing the US, Bridgwater Associates Founder Ray Dalio explained “they have to sell a quantity of debt that the world is not going to want to buy.”Revealing what he thinks the Trump administration needs to do, Dalio told CNBC “the deficit must go from what will be projected now to be about 7.2% of GDP to about 3% of GDP, otherwise there will be…
Author: usaeverydaylife
Investors looking for tax-free income have a variety of choices when it comes to municipal bond funds — but Capital Group Municipal Income ETF (CGMU) is among the top performers, according to Morningstar. The exchange-traded fund, which launched in 2022, has a 30-day SEC yield of 3.35% and an expense ratio of 0.27%. The income earned by investors is exempt from federal taxes. In fact, municipal bonds’ tax advantage makes them a favored investment of the wealthy. “So far, this core-plus approach to the muni market has been a standout,” Morningstar associate director Elizabeth Foos wrote on Feb. 28 .…
An attendant holds 1-kilogram gold bars on Feb. 17, 2025.Akos Stiller/Bloomberg via Getty ImagesGold prices crossed $3,000 an ounce for the first time, as President Donald Trump’s tariffs against major trading partners roil financial markets and push investors to safe-haven assets to protect against elevated inflation and a possible recession.Gold futures closed Friday at a new record of $3,001.1 an ounce, having gained 13.6% so far this year. The latest move has come as the U.S. stock market lost $5 trillion in three weeks as Trump’s trade war stirs turmoil, confusion and uncertainty.Some 52% of global fund managers told Bank of…
The Misery Index: It’s not just for people reading my work. (Ha! You thought you were going to hit me with that in the comments, but I just “8 Mile’d” you.)Let’s move on to the point of this story, and yes, there is one (“8 Mile’d” again). A lot of NBA fan bases are enjoying incredibly fun seasons for their favorite teams. Some squads have exceeded expectations and may have fans wondering if an NBA championship is on the way. Other teams have met expectations perfectly and are indeed contending for that Larry O’Brien trophy. And some teams have their…
President Vladimir V. Putin of Russia on Friday insisted that Ukraine order some of its forces to surrender to Russia, a striking demand made hours after President Trump said the United States had “very good and productive” discussions with Mr. Putin about a potential cease-fire.Mr. Putin’s televised comments came shortly after Mr. Trump, on social media, said he had urged the Russian leader to spare the lives of Ukrainian soldiers struggling to hold on to a patch of land in the Kursk region of Russia.“I have strongly requested to President Putin that their lives be spared,” Mr. Trump wrote.Both presidents…
The roller coaster ride that is the stock market lately is unlikely to come to an end anytime soon, with investors desperate for any clarity on the macroeconomic picture that could put a bottom in for equity prices. Wall Street is headed for a big week ahead, with economic data set to be scrutinized by investors lasering in on any signs of the consumer pulling back, and the Federal Reserve set to have its latest meeting in a time of heightened tariff uncertainty. Elsewhere, Nvidia CEO Jensen Huang will be in focus as he takes the stage at the GTC…
Canada’s new Prime Minister Mark Carney, with members of his government standing behind him, speaks during a press conference following a swearing-in ceremony of the new Canada’s government in Ottawa, Ontario, Canada, March 14, 2025.Blair Gable | ReutersCanada’s new prime minister quickly rebuked President Donald Trump on Friday of the idea that his northern neighbor would become the 51st U.S. state.”I’ve been clear. The ministers behind me, I think, to an individual, when asked, have been clear,” Prime Minister Mark Carney told reporters in Ottawa, shortly after being sworn in to office.”We will never, ever, in any way, shape or…
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.Evelyn Hockstein | ReutersDavid Sacks, the Trump administration’s AI and crypto czar, sold over $200 million worth of digital asset-related investments personally and through his firm, Craft Ventures, before starting the job, according to a memo from the White House.Of the the assets sold, the documents said that at least $85 million “is directly attributable to Sacks.” The memo, from White House counsel David Warrington, added that Craft remains an investor in some…
NEW YORK — The concentric circles of John Feinstein’s life spread the news of his death Thursday.First, John’s brother, Bob, passed along the sad news to Gary Williams, the legendary former Maryland coach. He first met Feinstein in 1978, when Williams was a 30-something-year-old coach at American University and Feinstein was a young Washington Post basketball beat writer. Williams and Feinstein remained close over the years.Williams then called La Salle head coach Fran Dunphy. Williams felt bad calling on a game day but felt Dunphy needed to know. Dunphy helps organize the Coaches vs. Cancer charity breakfast, an event held annually…
Europe stocks close higherEurope’s regional Stoxx 600 index provisionally closed 1.1% higher on Friday, with almost all sectors in the green bar media. Banks and industrials led, both up more than 2%. Germany’s DAX ended 1.65% higher while the U.K.’s FTSE 100 and France’s CAC 40 rose 1.05% and 1.13% respectively.Stock Chart IconStock chart iconStoxx 600 index.Sterling slides after disappointing growth data The British pound was down 0.25% lower against the U.S. dollar and 0.44% lower against the euro at 4 p.m. in London. Earlier in the day, data showed the U.K. economy contracted 0.1% month-on-month in January, against the…
