Latest news with #Chang
Yahoo
a day ago
- Business
- Yahoo
Goldman Sachs says new risks are breaking old market patterns. 3 portfolio moves could help avoid the fallout.
Markets are volatile, with stocks, bonds, and currencies defying historical patterns. Investor concerns include trade wars, tariffs, bond market issues, and US debt sustainability. Goldman Sachs suggests hedging with gold and positioning for dollar weakness against major currencies. Markets have turned turbulent in recent months amid a wave of new risks that disrupt long-held relationships among stocks, bonds, and currencies. "Recent episodes of simultaneous equity, bond, and dollar declines within that period, especially since early April, have led investors to question whether cross-asset correlations have shifted," wrote Vickie Chang, a macro strategist at Goldman Sachs, on Thursday. Investor sentiment has been shaken by President Donald Trump's trade war and concerns over import tariffs, bond market dysfunction, the Federal Reserve's independence, and US debt sustainability. One of the most striking developments is the decline of US stocks, bonds, and the dollar all at once in what some are calling the "Sell America" trade. This is unusual because bonds typically serve as a cushion when stocks drop, while the dollar tends to strengthen in times of market stress. But the US Dollar Index has already dropped about 8% this year. This is challenging commonly used hedges and typical portfolio strategies, wrote Chang. Chang pointed out "newer worries" about the structural risks of Federal Reserve independence and fiscal sustainability in the US that are shaking up normal market patterns. If these concerns persist, asset correlations could stay off-kilter. Investors should consider three moves to hedge the implications of the fallout from the unusual market movements, she wrote: Position for dollar weakness: especially against the euro, the Japanese yen, and the Swiss franc, to protect against new risks and against US-specific growth worries. Consider buying gold: It's likely to protect against newer structural risks, Chang wrote. Gold is trading around $3,300 an ounce. Goldman Sachs expects the yellow metal to reach $3,700 an ounce by year-end and $4,000 an ounce by mid-2026. Watch risks from longer-dated bonds: Long-dated bonds might not reduce risk as much as they normally do. If concerns about the Fed's independence and US debt hit bond prices, these risks would hurt long-dated bonds harder than shorter-dated ones. Meanwhile, shorter-dated bond yields should protect against equity downside if the market registers clear concerns about economic growth, Chang wrote. She added that the Fed would cut interest rates if the growth outlook weakens materially. Read the original article on Business Insider Sign in to access your portfolio
Business Insider
a day ago
- Business
- Business Insider
Goldman Sachs says new risks are breaking old market patterns. 3 portfolio moves could help avoid the fallout.
Markets have turned turbulent in recent months amid a wave of new risks that disrupt long-held relationships among stocks, bonds, and currencies. "Recent episodes of simultaneous equity, bond, and dollar declines within that period, especially since early April, have led investors to question whether cross-asset correlations have shifted," wrote Vickie Chang, a macro strategist at Goldman Sachs, on Thursday. Investor sentiment has been shaken by President Donald Trump's trade war and concerns over import tariffs, bond market dysfunction, the Federal Reserve's independence, and US debt sustainability. One of the most striking developments is the decline of US stocks, bonds, and the dollar all at once in what some are calling the "Sell America" trade. This is unusual because bonds typically serve as a cushion when stocks drop, while the dollar tends to strengthen in times of market stress. But the US Dollar Index has already dropped about 8% this year. This is challenging commonly used hedges and typical portfolio strategies, wrote Chang. Chang pointed out "newer worries" about the structural risks of Federal Reserve independence and fiscal sustainability in the US that are shaking up normal market patterns. If these concerns persist, asset correlations could stay off-kilter. Investors should consider three moves to hedge the implications of the fallout from the unusual market movements, she wrote: Position for dollar weakness: especially against the euro, the Japanese yen, and the Swiss franc, to protect against new risks and against US-specific growth worries. Consider buying gold: It's likely to protect against newer structural risks, Chang wrote. Gold is trading around $3,300 an ounce. Goldman Sachs expects the yellow metal to reach $3,700 an ounce by year-end and $4,000 an ounce by mid-2026. Watch risks from longer-dated bonds: Long-dated bonds might not reduce risk as much as they normally do. If concerns about the Fed's independence and US debt hit bond prices, these risks would hurt long-dated bonds harder than shorter-dated ones. Meanwhile, shorter-dated bond yields should protect against equity downside if the market registers clear concerns about economic growth, Chang wrote. She added that the Fed would cut interest rates if the growth outlook weakens materially.
Korea Herald
2 days ago
- Business
- Korea Herald
Posco opens minerals lab in Australia
Posco Holdings, the holding company of Korean steel giant Posco Group, said Friday it has opened a key minerals research center in Australia to secure a technological edge in advanced materials, spanning steelmaking, battery materials and rare earths. According to the group, the new launch underscores its commitment to localization strategies, designed to not only secure raw materials cost-effectively, but also advance low-carbon processing technologies. Located in Perth, the center will focus on developing low-carbon steelmaking and cost-reduction technologies for lithium and nickel. It will also pursue rare earths supply chain development and high-efficiency refining technologies. This marks the first time a Korean company has established an on-site resources facility at a site sourcing raw materials, the company explained. 'Since 1971, when Posco first imported Australian iron ore, the company has built strong trust and collaboration with the Australian government and industry, emerging as a global top-tier materials company in steelmaking and battery materials,' said Chair Chang In-hwa at the opening ceremony in Perth on Friday, which was attended by executives from Australian resource companies, as well as representatives from local academic and research institutions. 'This center, combining Australia's rich resources with the group's materials technology expertise, will serve as a hub for advancing mineral processing technologies and securing critical minerals,' Chang added. The new facility brings the group a step closer to the Chang's goal of integrating technology and business strategy across the full spectrum of operations, from research and development to production and sales. The group said it will continue exploring next-generation minerals and pursuing local mining investments through partnerships. Since the early 1980s, Posco has worked closely with Australian partners to build supply chains for key minerals. The company has participated in the development of the Roy Hill iron ore mine and currently operates a joint venture with Australian lithium mining company PLS to produce lithium hydroxide for secondary battery materials.
Miami Herald
2 days ago
- Miami Herald
Neurosurgeon hid camera in hospital bathroom, Illinois cops say. He's sentenced
A hidden camera found in the bathroom of a hospital led to prison time for a former Illinois neurosurgeon, prosecutors said. Henry Chang, 30, was sentenced to five years in prison after he was convicted of unauthorized video taping at a Peoria hospital where he was a neurosurgery resident, the Peoria County State's Attorney's Office said in a May 28 news release. Multiple employees were filmed using the staff bathroom in August 2023, according to prosecutors. One of the employees found the camera when it fell from where it was hidden, the attorney's office said. Over 50 people were recorded using the bathroom, prosecutors said. 'Harm was done in ways that words cannot describe,' one victim said during the sentencing hearing, according to prosecutors. In handing down the sentence, the judge noted Chang's 'reprehensible' behavior while also mentioning his attendance in therapy and recovering meetings since the filming, prosecutors said. 'You did it 56 times,' Chief Judge Katherine Gorman said of the filming, according to prosecutors. In addition to the sentence, Gorman ruled Chang eligible for the state's Impact Incarceration Program, which is a regimented alternative to traditional incarceration with a goal of rehabilitating those who participate. Multiple victims spoke during Chang's sentencing hearing and said they cannot comfortably use public restrooms because of the doctor's actions, according to prosecutors. 'Each victim shared that Chang violated their privacy and trust and caused irreparable harm,' prosecutors said. 'Their workplace, once their 'safe space,' now feels unsafe. They experience stress and anxiety every time they use a public restroom and constantly check for hidden cameras. Because of Chang, something as simple as using a restroom is no longer safe or private for these individuals. Their lives have forever been altered.' Peoria is about a 170-mile drive southwest from Chicago.
Time of India
3 days ago
- Business
- Time of India
Dimapur implements revised ILP fee structure, guidelines
Dimapur: Dimapur deputy commissioner Tinojongshi Chang on Wednesday issued a notification revising the fee structure and guidelines for the issuance of the Inner Line Permit (ILP) within Dimapur district. The revised provisions would be implemented with immediate effect, according to the home department's political branch notification dated Sept 20, 2024, the notification said. The new fee structure has categorised the ILP applicants into various groups, including domestic and foreign tourists, traders, labourers, students, teachers, priests, consultants, and business partners. The fees and validity vary from category to category, with fresh ILP charges ranging from Rs 200 for domestic tourists to Rs 5,000 for business partners. Renewal fees are applicable for select categories, with the highest renewal charge being Rs 3,000 for business partners for a three-year term, the DC said. He said the key documents required for ILP include Aadhaar, educational certificates, business registration proofs, and in some cases, a local guarantor. However, students and foreign tourists are exempt from needing a guarantor. The DC said the ILP applications from residents of Assam's Karimganj, Hailakandi, Dima Hasao, and Karbi Anglong districts must be accompanied by NRC documents. The ILP application process has transitioned fully online, effective from Dec 31, 2024, Chang said that offline applications are no longer accepted and the system has transitioned to an online platform, effective from Jan 1, 2025. The notification also categorised ILP exemption based on settlers' dates of residence in Dimapur. Individuals or families settled before Dec 1, 1963, are exempt and can obtain a smart card, while settlers between Dec 2, 1963, and Nov 21, 1979, are also exempt upon issuance of a permanent residential certificate. Those settling on or after Nov 22, 1979, are required to obtain an ILP as per govt guidelines.
