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Air India Boeing 787 Dreamliner crashes in western India: Here's what to know

Air India Boeing 787 Dreamliner crashes in western India: Here's what to know

CNBC2 days ago

CNBC's Phil LeBeau joins 'Squawk Box' with the latest developments on the crash of an Air India Boeing 787 Dreamliners.

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Data Shows Rich American Families Buying US Stocks To 'Highest Level In Years' Despite Volatility For 'Preserving Wealth Across Generations'
Data Shows Rich American Families Buying US Stocks To 'Highest Level In Years' Despite Volatility For 'Preserving Wealth Across Generations'

Yahoo

timean hour ago

  • Yahoo

Data Shows Rich American Families Buying US Stocks To 'Highest Level In Years' Despite Volatility For 'Preserving Wealth Across Generations'

Successful investors often stand out by maintaining a long-term outlook despite market turbulence. Recent data shows wealthy American families are doing just that. Global family office data for early 2025 released by UBS last month indicates that wealthy American families were increasing their exposure to stocks despite recession worries and global trade tensions. About 32% of their portfolios were allocated to equities as of April 4, compared with 28% last year. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – The report is based on a survey covering 317 single-family offices worldwide, each managing an average of $1.1 billion. CNBC Wealth Editor Robert Frank said that the survey data shows that US family offices are increasing their allocation to stocks to the "highest level" in years. "At the same time, they are trimming their private equity holdings, going to 35% from 27%," Frank said. "This marks a sweeping reversal for family offices, which of course, had been moving to private markets away from public markets before this." Trending: Maximize saving for your retirement and cut down on taxes: . When asked why private equity is lagging in investment portfolios, Frank said that the lack of IPOs and merger & acquisition activity is impacting the performance of private equity. He also believes investors are preferring public markets to gain exposure to artificial intelligence. "The number one investment theme for family offices right now is AI. So to play AI, you really have to do it through the public market," according to Frank. "So private equity is less attractive and public markets are more attractive because that's where they can get into the AI trade." The UBS report also shows that American family offices strongly favored domestic equities, with US stocks making up 86% of their portfolios, while Western Europe and Asia Pacific accounted for about 7% and 3%, Mathews, head of UBS Private Wealth Management, told CNBC that investors preferred US stocks partly due to the American market's better performance relative to the rest of the world. "But I think really it's the family offices are just—they're staying close to what they understand, what they know," Mathews added. Over 70% of family offices viewed a trade war as the biggest risk to their financial goals over the next 12 months, followed by major geopolitical conflict and inflation, the UBS survey showed. Despite these concerns, most family offices were planning to maintain the same level of portfolio risk in 2025 as they did in 2024. "Our latest report serves as a good reminder that family offices around the world are first and foremost pursuing a steady, long-term approach, as they focus on preserving wealth across the next generations," the report said. Read Next:'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Data Shows Rich American Families Buying US Stocks To 'Highest Level In Years' Despite Volatility For 'Preserving Wealth Across Generations' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio

AWK Makes it to CNBC's All-Weather Stock List
AWK Makes it to CNBC's All-Weather Stock List

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time2 hours ago

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AWK Makes it to CNBC's All-Weather Stock List

American Water Works Company, Inc. (NYSE:AWK) is one of the best stocks for a retirement stock portfolio. The stock was recently added to CNBC's 'All-Weather Stock List' because of its defensive qualities. Before this, it was also featured in a list by Trivariate Research highlighting the top-performing S&P stocks during the tariff-related market correction from February 18 to April 8. A technician in a deep-water treatment facility, ensuring clean water for public safety. According to the firm, led by former Morgan Stanley chief strategist Adam Parker, American Water Works Company, Inc. (NYSE:AWK) gained over 10% during that period. Parker shared defensive stock ideas as a precaution, even though many of his clients expected the market to continue its upward trend. American Water Works Company, Inc. (NYSE:AWK) likely attracted attention during the correction because its revenue is entirely domestic, making it unaffected by tariffs. In addition, its earnings are seen as stable even in a potential recession. American Water Works Company, Inc. (NYSE:AWK) is a strong dividend stock, having raised its payouts for 17 consecutive years. With a dividend yield of 2.34%, the water utility provides investors with steady income and a buffer against market volatility tied to trade tensions. As seen in April, traders quickly turned to this stock, and would likely do so again in similar conditions. AWK has surged by over 14% since the start of 2025. American Water Works Company, Inc. (NYSE:AWK) stands as the largest regulated provider of water and wastewater services in the US. Founded in 1886, the company serves over 14 million people through its regulated operations across 14 states and 18 military bases, delivering safe, clean, dependable, and affordable water and wastewater solutions. While we acknowledge the potential of AWK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Boeing Stock (BA) Slides amid Potential Grounding of 787 Fleet in India
Boeing Stock (BA) Slides amid Potential Grounding of 787 Fleet in India

Business Insider

time3 hours ago

  • Business Insider

Boeing Stock (BA) Slides amid Potential Grounding of 787 Fleet in India

Boeing (BA) shares are down again on Friday after dropping nearly 5% the day before, as reports suggest that India's government will likely ground its Dreamliner 787-8 fleet for a safety review. This comes after one of its planes, operated by Air India, crashed shortly after takeoff, leading to the death of more than 240 people. Air India, which has been attempting to rebuild its reputation, will also face scrutiny over its aircraft maintenance procedures, despite having no recent crash history. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Investigators are focusing on whether a possible loss or reduction of engine thrust played a role in the crash, though many details remain unclear. However, CNN reported that neither a bird strike nor overloading was responsible. At the same time, India's civil aviation minister confirmed that at least one of the plane's black boxes has been recovered, which should help investigators better understand what happened. Unsurprisingly, the incident is already impacting the industry. Indeed, Boeing CEO Kelly Ortberg canceled his trip to next week's Paris Airshow, while GE Aerospace (GE), which makes the plane's engines, postponed its planned Investor Day. In the U.S., Transportation Secretary Sean Duffy and Acting FAA head Chris Rocheleau stated that they have seen no current data that suggests there is a need to ground 787 flights domestically. Nevertheless, U.S. officials, along with Boeing and GE representatives, will send a team to India to assist with the investigation. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 16 Buys, three Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average BA price target of $220.95 per share implies 9.5% upside potential.

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