Jodie Ernestaputra

232 Added | 8 Magazines | 82 Likes | 3 Following | 7 Followers | @jodiern | Interested in global cultures and economics

JPMorgan Weighs Buying an Exchange-Traded Funds Firm

JPMorgan Chase & Co. is shopping around for an ETF business that would boost its presence in the $3.5 trillion U.S. exchange-traded products market, …

Investing

Peter Thiel Had $244 Million Bet on Volatility Jump at Year-End

Peter Thiel is known for venture investments like those in Facebook Inc. and PayPal Holdings Inc. But it was a macro strategy that positioned him to …

Investing

The stock market collapse has blown a giant hole in mindless ETF investing

If your retirement savings are invested in an exchange-traded index fund (ETF), you're probably hurting from last week's stock market collapse. The S&P 500 Index has fallen more than 10% from its high in the last few weeks.<p>ETFs are designed to track indexes like the S&P 500, so that you get the …

Investing

Inverse Volatility Products Almost Worked

And people like them so much they keep coming back for more.<p>We have talked a couple of times this week about the unpleasantness experienced on Monday by investors in inverse volatility products like XIV (the VelocityShares Daily Inverse VIX Short-Term ETN, an exchange-traded note issued by Credit …

Investing

How I'm Planning To Protect My Portfolio In A Bear Market

After a magnificent rally over the past several years, markets pulled back substantially last week.<p>It’s impossible to know for sure if this is just a …

Investing

In just two hours, Amazon erased $30 billion in market value for healthcare’s biggest companies

Amazon has disrupted fashion, books, furniture, food, cloud-based storage services, and much else besides. Now, it’s coming for one of the biggest, most complex industries in the US: healthcare.<p>Today (Jan. 30), Amazon, Berkshire Hathaway, and JPMorgan announced a vague but market-moving plan to …

Health Care

Modi Courts Investors With Plans for $5 Trillion Economy

India is working toward a five trillion dollar economy by 2025, Prime Minister Narendra Modi said at the opening session of the World Economic Forum …

Economic Development

A dangerous trade that reminds experts of the 1987 market crash is riskier than ever

Despite repeated warnings of a painful reckoning, traders can't seem to wean themselves off one of the market's riskiest investment strategies.<p>The trade in question is the shorting of stock market volatility using exchange-traded products (ETPs), and the situation has reached an extreme only seen …

Markets

Fed to hike US interest rates faster than expected, Fitch warns

Interest rates could shoot up much faster than expected over the next 18 months, stunning markets and delivering a sharp shock to borrowers, credit ratings agency Fitch has warned.<p>The US Federal Reserve’s base rate could rise to 3.25pc by autumn next year, smashing through the 3pc mark at least a …

Hype Meets Reality as Electric Car Dreams Run Into Metal Crunch

By Elisabeth BehrmannElisabeth Behrmann, Jack FarchyJack Farchy and Sam DodgeSam Dodge<p>When BMW AG revealed it was designing electric versions of its …

Alternative Fuel

Australia job vacancies climb to record in November quarter

SYDNEY (Reuters) - Job vacancies in Australia climbed to their highest on record in the three months to November, a sixth straight quarter of solid gains that augured well for continued growth in hiring.<p>Total job vacancies rose 2.7 percent to 210,300 seasonally adjusted in the Sept-Nov quarter, …

Fizzling out: World Bank says global economy is set for a decade of gloom

The World Bank has joined a growing chorus predicting an end to the global economy's strong run. Stock prices are high relative to earnings and …

Toyota, Mazda to build $1.6 billion plant in Alabama: sources

(Reuters) - Alabama will be the site of a new $1.6 billion Toyota Motor Corp and Mazda Motor Corp auto plant, a victory for President Donald Trump who had prodded manufacturers to build new U.S. facilities and threatened tariffs on foreign production, sources said on Tuesday.<p>The plant, which will …

Tax law to spark $450 billion buyout bonanza for Wall Street

<b>1: Tax party:</b> Get ready for the new tax law to create a $450 billion boom -- of stock buybacks.<p>Corporate America is sitting on a mountain of money overseas, built during years of hoarding foreign profits to avoid paying U.S. taxes on them.<p>The new law gives companies a tax break -- paying between 8% …

Finance

Dow 30K? As a milestone falls, Trump talks up a new one

NEW YORK (AP) — Not long after the Dow Jones industrial average passed 25,000 points, President Donald Trump had already turned his eye to another milestone.<p>"We broke a very, very big barrier: 25,000," he said at the White House after the index passed that mark Thursday morning. "So I guess our new …

Here's a breakdown of the average American's household debt

How does yours compare?<p>Americans certainly don't seem to be shying away from debt, and a new NerdWallet study further drives home this point. Without further ado, here's how much the typical U.S. household owes in four major debt categories:<p><b>Type of Debt</b><p><b>Total Owed by Average U.S. Household</b><p>Credit card<p>…

Personal Finance

Retirement planning: Here's how much money you should have saved at every age

When it comes to savings, Americans are falling short. Nearly 70% of adults have less than $1,000 in their savings accounts.<p>Retirement funds are looking equally bleak. In fact, about half of US families have zero retirement account savings.<p>"Particularly the younger generation likes to think, 'I'll …

Retirement

The 'embodiment of stock market' risk has spiked to a new high

• <b>Margin debt — when investors borrow against their portfolios — is the embodiment of stock market risk.</b>• <b><br>It is at a record $19.5 billion, according to the New York Stock Exchange. .</b>• <b><br>The risks they pose – though they’re considered low-risk – sometimes come to the foreground in a most spectacular …

The Next Big Trade for Bond Investors Is Betting on U.S. Homeowners

One of the best bond trades of 2018 might be one of the top from this year: betting that U.S. homeowners won’t default on their mortgages.<p>Money …

Fannie Mae

China's move from coal to gas: What you need to know

An LNG processing plant at Yangkou Port, Jiangsu Province.Photo:VCG<p>On Thursday, China's Ministry of Commerce announced that imports of liquefied …

Global market cap is heading toward $100 trillion and Goldman Sachs thinks the only way is down

If you calculate the value of all stocks, in all companies, in all countries, globally then technically you get the market cap of Planet Earth. In just the last few months, total market cap has rocketed to $80 trillion and is heading steadily toward $100 trillion worldwide.*<p>What is worrying about …

Markets

Flynn pleads guilty to lying to FBI, is cooperating with Mueller

<b>Washington (CNN) —</b> Former Trump national security adviser Michael Flynn pleaded guilty Friday to lying to the FBI about conversations with Russia's ambassador and disclosed that he is cooperating with the special counsel's office.<p>Flynn is the first person inside President Donald Trump's …

Donald Trump

Don’t be fooled by China’s grand plan to rule the world

China has a master plan to oust the US as preeminent global superpower—and this time it just might work. That’s according to the Washington Post’s David Ignatius (paywall), citing two Pentagon briefs.<p>“There’s an eerie sense in today’s world that China is racing to capture the commanding heights of …

Belt and Road Initiative

Italy's most romantic lake towns

CNN

The Mediterranean island of Menorca feeds body and soul

A vacation requiring long treks leading to lots of people was not what we had planned.<p>Hidden beaches backed by limestone cliffs, temperate waters and an under-the-radar status (at least for now) were the lures of Menorca, asmall island in the Mediterranean off the coast of Spain.<p>Not that we have …

European Travel

The Most Luxurious (But Sneakily Affordable) Vacation Spots Across the Globe

<strong>Average Daily Cost: </strong>$235</p><p>Between the marble streets, old stone buildings and glistening Adriatic Sea, Dubrovnik is truly …

End of an era as Hong Kong stock trading floor set to close

HONG KONG (AP) — Hong Kong's last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall.<p>The bourse's operator, Hong Kong Exchanges & Clearing, says it will close the trading hall by the end of the month and turn the space into a …

Opinion: Smart money and dumb money are moving in opposite directions

While all seems calm in the U.S. equity markets, with stocks continuing to hit all-time highs, an interesting trend has emerged beneath the …

Investing

Is The Bond Market Wrong About The Global Economy?

The "global flash PMI" strengthened further in September.<p>Yet bond yields remain tame given the improved global growth dynamics and changing trends in …