Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Kestra Investment Management CIO Kara Murphy, Precision Neuroscience CEO Michael Mager, Carlyle’s Jason Thomas, Fmr. National Economic Council Dir. Gene Sperling, Envestnet’s Dana D’Auria, DraftKings CEO Jason Robins, NBA Hall...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Kestra Investment Management CIO Kara Murphy, Precision Neuroscience CEO Michael Mager, Carlyle’s Jason Thomas, Fmr. National Economic Council Dir. Gene Sperling, Envestnet’s Dana D’Auria, DraftKings CEO Jason Robins, NBA Hall of Famer Shaquille O’Neal & Authentic Brands CEO Jamie Salter, Toms Founder Blake Mycoskie, Milk Bar CEO Christina Tosi & Jade Leaf Matcha GM Daniel Woldar, & gamma. CEO Larry Jackson. (Source: Bloomberg)
Ambev (NYSE:ABEV), a Latin American beverage producer, edged up 0.30% on Friday to finish at $3.29, extending the week’s gains. It reported better-than-expected earnings early in the week, and investors are watching how beer demand and an expanded product range can shape its earn
Ambev (NYSE:ABEV), a Latin American beverage producer, edged up 0.30% on Friday to finish at $3.29, extending the week’s gains. It reported better-than-expected earnings early in the week, and investors are watching how beer demand and an expanded product range can shape its earn
We're "Ending The Days Of Hiding Fraud": Bessent Goes After Dark Money In Nonprofits Authored by Stu Cvrk via American Greatness, On April 23, the US Treasury Department announced that the IRS plans to revise Form 990 —the annual information return filed by tax-exempt organizations—to improve transparency and strengthen oversight, specifically targeting reporting on government contracts, governmen...
We're "Ending The Days Of Hiding Fraud": Bessent Goes After Dark Money In Nonprofits Authored by Stu Cvrk via American Greatness, On April 23, the US Treasury Department announced that the IRS plans to revise Form 990 —the annual information return filed by tax-exempt organizations—to improve transparency and strengthen oversight, specifically targeting reporting on government contracts, government grants, and fiscal sponsorship arrangements . The stated goals are to detect misconduct and hold wrongdoers accountable. Treasury Secretary Scott Bessent put the matter bluntly: “ We are ending the days of hiding fraud, abuse, and extremist activity behind complicated nonprofit arrangements. When bad actors misuse charitable structures, directors and officers should understand that transparency can lead to scrutiny, accountability, and liability under the law .” The acting IRS chief counsel added: “If an organization receives public funds or tax-deductible donations, it should be prepared to show who controls the money and where it goes.” Why is this seemingly innocuous regulatory requirement a really big deal, as most Americans have no idea what Form 990 is used for? Let us answer that in some detail. Bottom Line Up Front Right now, enormous sums of money flow through nonprofit “umbrella” organizations to dozens or hundreds of sub-groups, and the paper trail essentially disappears. The IRS currently has no mechanism on the Form 990 to require disclosure of fiscal sponsorship arrangements. The new rules would force these pass-through organizations to reveal who is getting the money and what it’s being used for. Think of this in the context of the Southern Poverty Legal Center indictments, which are only the tip of the iceberg of fiscal sponsorship arrangements and transactions. The Problem: What Is Fiscal Sponsorship and How Is It Exploited? Fiscal sponsorship is a legitimate and longstanding practice. In a typical fiscal sponsorship relationship, a nonprofit organization...
Pakistan will receive about $1.32 billion after the International Monetary Fund Board approved loan tranches under existing facilities, boosting the country’s ability to shield its economy from increased global risks. It is set to receive about $1.1 billion under the lender’s so-called Extended Fund Facility, and about $220 million under the climate-focused Resilience and Sustainability Facility, ...
Pakistan will receive about $1.32 billion after the International Monetary Fund Board approved loan tranches under existing facilities, boosting the country’s ability to shield its economy from increased global risks. It is set to receive about $1.1 billion under the lender’s so-called Extended Fund Facility, and about $220 million under the climate-focused Resilience and Sustainability Facility, the IMF said in a statement Friday. “Pakistan’s policy efforts under the EFF arrangement have delivered significant progress in stabilizing the economy and rebuilding confidence amid a challenging global environment, including the ongoing Middle East war,” the IMF said in the statement. Pakistan’s economy has come under pressure from a surge in the cost of oil, prompting the central bank to hike rates in a surprise move to fend off price pressures. The country maneuvered a hit to its already fragile foreign reserves after Saudi Arabia pledged $3 billion in financial assistance while the United Arab Emirates sought debt repayments of a similar size. Pakistan’s Trade Deficit Widens to Highest in Four Years Pakistan Seeks Emergency LNG Supply to Ease Natural Gas Shortage Pakistan Gets Initial IMF Approval for $1.2 Billion of Loans
Key PointsSamsara sets itself apart from many artificial intelligence (AI) companies because it can easily quantify the difference its products make for its customers.
Key PointsSamsara sets itself apart from many artificial intelligence (AI) companies because it can easily quantify the difference its products make for its customers.
Artem Onoprienko/iStock via Getty Images Introduction The iShares Core MSCI Canadian Quality Div Index ETF ( XDIV:CA ) has outperformed the S&P 500 this year, benefiting from its high energy exposure amid energy price volatility. While oil futures point to a sizable drop in oil prices going into 2027, I believe that Canada will see long-term benefits from the Middle East war as it will attract buy...
Artem Onoprienko/iStock via Getty Images Introduction The iShares Core MSCI Canadian Quality Div Index ETF ( XDIV:CA ) has outperformed the S&P 500 this year, benefiting from its high energy exposure amid energy price volatility. While oil futures point to a sizable drop in oil prices going into 2027, I believe that Canada will see long-term benefits from the Middle East war as it will attract buyers looking to diversify their energy supplies. I rate XDIV:CA a Buy, with my bullish thesis briefly summarized as: XDIV holdings trade at only 18.7x their trailing earnings, a wide discount relative to the S&P 500 even if we account for outsized AI-driven earnings growth for U.S. large caps in 2026. Canadian GDP growth is forecast to accelerate going into 2030, in contrast to the United States where GDP growth dynamics are set to moderate. XDIV is suitable for long-term dividend growth investors comfortable with underperformance during recessions, with a total return outlook of just under 9%. ETF Strategy and Characteristics XDIV invests in Canadian companies with above-average dividend yields delivering steady or growing dividend payments. As per the benchmark index (the MSCI Canada High Dividend Yield 10% Security Capped Index ), no individual security has a weight above 10% in XDIV. Even with these safety checks in place, XDIV is quite a concentrated ETF, with assets invested in only 21 individual holdings, resulting in a top ten holdings concentration of around 75%, roughly double the concentration observed in the S&P 500. This makes XDIV returns dependent on the idiosyncratic risks faced by its major holdings. For investors not comfortable with this XDIV characteristic, an easy way to address high concentration is to hold XDIV as part of your ETF portfolio, preferably including ETFs which complement XDIV's sector allocation. Speaking of sector exposure, XDIV is heavily invested in cyclical sectors such as financials, energy, and consumer discretionary, which account f...