Bitcoin funds see sudden outflows after weeks of stellar gains
Jay Jacobs, BlackRock head of U.S. equity ETFs, and Nate Geraci, ETF Store president, join CNBC's Dom Chu on 'ETF Edge' looks back on bitcoin ETFs more than a year later.
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Yahoo
an hour ago
- Yahoo
O'Leary blasts Canada's 'anti-American rhetoric' - how to hedge against uncertainty
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Canadian Prime Minister Mark Carney has taken a hard line on President Donald Trump's tariff threats, vowing to hit back with retaliatory trade measures designed to inflict 'maximum impact' on the U.S. While tensions between the two allies have escalated, 'Shark Tank' investor Kevin O'Leary believes Carney's tough talk is little more than political theatre. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) 'The anti-U.S. rhetoric is being stirred up by Carney because his party devastated the country over the last 10 years, and the only way he can stay in power is to convince people he's the solution against Trump,' O'Leary said in a March 31 interview with Fox Business. O'Leary, who was born in Canada, didn't hold back in his criticism of Carney and the prime minister's Liberal Party. 'You've got to remember, Canada actually only grew under the Liberal Party 1.4% in 10 years. The economy is wiped out,' he said. 'One of the reasons Canadians can't go to Florida is, his party wiped out the value of the dollar … Canadians can't afford to go to Disneyland anymore.' O'Leary didn't cite a source for his growth figure, but Trevor Tombe, professor of economics at the University of Calgary, has noted that Canada's real GDP per capita grew just 1.4% from Q1 2015 to Q3 2024, based on data from the Organisation for Economic Co-operation and Development. The Liberal Party has been in power since late 2015. As for the loonie (Canadian dollar), it has indeed weakened over the past decade. In April 2015, one Canadian dollar was worth about 81 U.S. cents. Ten years later, it trades closer to 70 cents — a drop of roughly 13.6%. While O'Leary dismisses the tension as election-driven, trade disputes can trigger real geopolitical uncertainty with ripple effects that extend far beyond politics. Markets don't react well to unpredictability, and we've already seen headlines of trillions in U.S. market value wiped out as Trump pushes forward with tariffs. In times like these, financial experts often recommend taking steps to hedge against uncertainty. Here's a look at three strategies that can help protect your wealth. Gold has long been considered a go-to asset during times of economic and geopolitical uncertainty — and for good reason. Unlike stocks or currencies, gold isn't tied to any one government or economy. It also can't be printed at will by central banks. Those characteristics make it especially attractive when confidence in political leadership, trade stability or the value of paper money start to slip. When markets grow jittery, investors often turn to gold as a safe haven. Case in point: over the past year, gold prices have surged over 33%, recently topping $3,100 an ounce. Billionaire hedge fund manager Ray Dalio has warned that most people 'don't have, typically, an adequate amount of gold in their portfolio.' He added: 'When bad times come, gold is a very effective diversifier.' For those looking to capitalize on gold's potential while also securing tax advantages, one option is opening a gold IRA with the help of Priority Gold. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those seeking to shield their retirement funds against economic uncertainties. When you make a qualifying purchase with Priority Gold, you can receive up to $5,000 in precious metals for free. Real estate has long been a favored way to generate passive income — and unlike stocks or bonds, it's a tangible asset you can see and manage. While markets can swing wildly in response to headlines, high-quality, well-located properties can continue producing rental income regardless of what's happening on Wall Street. Real estate is also a time-tested hedge against inflation. As the cost of materials, labor and land rises, property values often increase as well. At the same time, rental income tends to climb, giving landlords a revenue stream that adjusts with inflation. While home prices have been soaring and mortgage rates remain elevated, you don't need to buy a property outright to get in the game. Crowdfunding platforms like Arrived have made it easier for average Americans to invest in rental properties without the need for a hefty down payment or the burden of property management. With Arrived, you can invest in shares of rental homes with as little as $100, all without the hassle of mowing lawns, fixing leaky faucets or handling difficult tenants. The process is simple: browse a curated selection of homes that have been vetted for their appreciation and income potential. Once you find a property you like, select the number of shares you'd like to purchase, and then sit back as you start receiving rental income deposits from your investment. For accredited investors, Homeshares gives access to the $36 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. If you're interested in commercial real estate, there are plenty of opportunities as well. First National Realty Partners (FNRP), for instance, allows accredited investors to diversify their portfolio through grocery-anchored commercial properties without taking on the responsibilities of being a landlord. With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns. Simply answer a few questions — including how much you would like to invest — to start browsing their full list of available properties. Read more: Rich, young Americans are ditching the stormy stock market — It's easy to see why great works of art tend to appreciate over time. Supply is limited and many famous pieces have already been snatched up by museums and collectors. This also makes art an attractive option for investors looking to diversify. In 2022, a collection of art owned by the late Microsoft co-founder Paul Allen sold for $1.5 billion at Christie's New York, making it the most valuable collection in auction history. Investing in art was once a privilege reserved for the ultra-wealthy. Now, that's changed with Masterworks — a platform for investing in shares of blue-chip artwork by renowned artists, including Pablo Picasso, Jean-Michel Basquiat and Banksy. It's easy to use, and with 23 successful exits to date, every one of them has been profitable thus far. Simply browse their impressive portfolio of paintings and choose how many shares you'd like to buy. Masterworks will handle all the details, making high-end art investments both accessible and effortless. Masterworks has distributed roughly $61 million back to investors. New offerings have sold out in minutes, but you can skip their waitlist here. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Here's how 2 minutes can protect your wallet right now Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
CNBC
3 hours ago
- CNBC
New research busts 6 AI myths: Artificial intelligence makes workers 'more valuable, not less'
Despite widespread fears that artificial intelligence could automate jobs and cut employees' wages, AI actually makes people "more valuable, not less," new research by professional services firm PwC found. "What causes people to react in this environment is the speed of the tech innovation," PwC Global Chief AI Officer, Joe Atkinson told CNBC Make It. "The reality is that the tech innovation is moving really, really fast. It's moving at a pace that we've never seen in a tech innovation before." "What the report suggests, actually, is AI is creating jobs," Atkinson said. In fact, both jobs and wages are growing in "virtually every" AI-exposed occupation — or jobs that have tasks where the technology can be used — including those that are the most automatable, such as customer service workers or software coders, according to the 2025 AI Jobs Barometer report. "We know that every time we have an industrial revolution, there are more jobs created than lost. The challenge is that the skills workers need for the new jobs can be quite different," said Carol Stubbings, PwC UK's global chief commercial officer, in the report. "So the challenge, we believe, is not that there won't be jobs. It's that workers need to be prepared to take them," said Stubbings. The report, which analyzed over 800 million job ads and thousands of company financial reports across six continents, challenged six common myths about AI's impact: Myth: AI has not yet had a significant impact on productivity. However, the report found that since 2022, productivity growth in industries "best positioned to adopt AI" has nearly quadrupled, while falling slightly in industries "least exposed" to AI, such as physical therapy. Notably, the industries that are the most exposed to AI, such as software publishing, showed three times higher growth in revenue per employee, according to PwC's data. Myth: AI can have a negative impact on workers' wages and bargaining power. PwC's data showed that the wages of workers with AI skills are on average 56% higher compared to workers without these skills in the same occupation, up from 25% last year. In addition, wages are rising twice as fast in industries that are the most exposed to AI compared to the industries least exposed. Myth: AI may lead to a decrease in job numbers. The report found that while occupations with lower exposure to AI saw strong job growth at 65% between 2019 and 2024, growth remained robust — albeit slower — even in occupations more exposed to the technology (38%). Myth: AI may exacerbate inequalities in opportunities and wages for workers. Contrary to fears that AI will worsen inequality, the report findings show that wages and employment are rising for jobs that are augmentable and automatable by the technology. The report noted that employer demand for formal degrees is declining faster in AI-exposed jobs, creating broader opportunities "for millions". Myth: AI may "deskill" jobs that it automates. The report found that instead, AI can enrich automatable jobs by freeing up employees from tedious tasks to practice more complex skills and decision making. For example, data entry clerks can evolve into a "higher value" role such as data analysts, according to PwC. Myth: AI may devalue jobs that it highly automates. The data shows that not only are wages rising for jobs that are highly automatable, but the technology is also reshaping these jobs to become more "complex and creative," and ultimately, make people more valuable. The study offers another perspective: In a world where many countries have declining working-age populations, softening job growth in AI-exposed occupations could even "be helpful" and benefit such countries. The productivity boost by AI can actually create a "multiplier effect" on the available workforce and satisfy the gaps that companies might not have been able to be fill otherwise, as well as growth for businesses, said Atkinson. "It's a prediction supported already by the productivity data we're seeing," he added. "I think it could absolutely and will be a good thing." Ultimately, the study takes the stance that AI should be treated "as a growth strategy, not just an efficiency strategy." Rather than using the technology to cut costs on headcount, companies should help their employees adapt and work together to create new opportunities, claim new markets and revenue streams. "It is critical to avoid the trap of low ambition. Instead of limiting our focus to automating yesterday's jobs, let's create the new jobs and industries of the future," the report said. "AI, if used with imagination, could spark a flowering of new jobs and new business models. For example, 2/3 of jobs in the U.S. today did not exist in 1940, and many of these new jobs were enabled by advances in technology," the report added.
CNBC
3 hours ago
- CNBC
The world could be facing another 'China shock,' but it comes with a silver-lining: Cooler inflation
SINGAPORE -- Vincent Xue runs an online grocery retail business, offering fresh produce, canned food, packaged easy-to-cook ingredients to cost-conscious local consumers in Singapore. Xue's Nasdaq-listed Webuy Global sources primarily from suppliers in China. Since late last year, one third of his suppliers, saddled with excess inventory in China, have offered steep his company discounts of up to 70%. "Chinese domestic markets are too competitive, some larger F&B manufacturers were struggling to destock their inventories as weak consumer demand drags," he said in Mandarin, translated by CNBC. Xue has also gotten busier this year after sealing a partnership with Chinese e-commerce platform Pinduoduo that has been making inroads into the Southeast Asian country. "There will be about 5-6 containers loaded with Pinduoduo's orders coming in every week," Xue said, and Webuy Global will support the last-mile delivery to customers. At a time when steep tariffs are deterring Chinese exports to the U.S., while domestic consumption remains a worry, overcapacity has led Chinese producer prices to stay in deflationary territory for more than two years. Consumer inflation has remained near zero. Still, the country is doubling down on manufacturing, and this production overdrive is rippling through global markets, stirring anxiety in Asia that a flood of cheap imports could squeeze local industries, experts said. "Every economy around the world is concerned about being swamped by Chinese exports ... many of them [have] started to put up barriers to importing from China," said Eswar Prasad, senior professor of trade policy and economics at Cornell University. But for inflation-worn economies, economists say the influx of low-cost Chinese goods comes with a silver-lining: lower costs for consumers. That in turn could offer central banks some relief as they juggle lowering living costs while reviving growth on the back of rising trade tensions. For markets with limited manufacturing bases, such as Australia, cheap Chinese imports could ease the cost-of-living crisis and help bring down inflationary pressure, said Nick Marro, principal economist at Economist Intelligence Unit. Emerging growth risks and subdued inflation may pave the way for more rate cuts across Asia, according to Nomura, which expects central banks in the region to further decouple from the Fed and deliver additional easing. The investment bank predicts Reserve Bank of India to deliver additional rate cuts of 100 basis points during rest of the year, central banks in Philippines and Thailand to cut rates by 75 basis points each, while Australia and Indonesia could lower rates by 50 basis points, and South Korea by a quarter-percentage-point. In Singapore, the rise in costs of living was among the hot-button issues during the city-state's election campaigning in the lead up to the polls held last month. Core inflation in Singapore could surprise at the lower end of the MAS forecast range, economists at Nomura said, citing the impact of influx of cheap Chinese imports. Singapore is not alone in witnessing the disinflationary impact as low-cost Chinese goods flood in. "Disinflationary forces are likely to permeate across Asia," added Nomura economists, anticipating Asian nations to feel the impact from "China shock" accelerating in the coming months. Asian economies were already wary of China's excess capacity, with several countries imposing anti-dumping duties to safeguard local manufacturing production, even before the roll-out of Trump's sweeping tariffs. In the late 1990s and early 2000s, the world economy experienced the so-called "China shock," when a surge in cheap China-made imports helped keep inflation low while costing local manufacturing jobs. A sequel of sorts appears to be under way as Beijing focuses on exports to offset the drag in domestic consumption. Chinese exports to the ASEAN bloc rose 11.5% year on year in the first four months this year, as shipments to the U.S. shrank 2.5%, according to China's official customs data. In April alone, China's shipments to ASEAN surged 20.8%, as exports to U.S. plunged over 21% year on year. These goods often arrive at a discount. Economists at Goldman Sachs estimate Chinese products imported by Japan in the past two years to have become about 15% cheaper compared to products from other countries. India, Vietnam and Indonesia have imposed various protectionist measures to provide some relief for domestic producers from intense price competition, particularly in sectors facing overcapacity and cheap imports. While for a large number of countries an influx of Chinese goods is a trade-off between lower inflation and the adverse impact on local production, countries such as Thailand could be facing a double-edged sword. Thailand will likely be the hardest-hit by "China shock," even sliding into a deflation this year, Nomura economists predict, while India, Indonesia and the Philippines will also see inflation falling below central banks' targets.
