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Yahoo
18-07-2025
- Business
- Yahoo
Market legend makes surprising stock market bet
Market legend makes surprising stock market bet originally appeared on TheStreet. The stock market has shrugged off the April tariff-driven meltdown, with the S&P 500 delivering a scorching 25% rally since April 9, when President Donald Trump paused reciprocal tariffs proposed on April 2, so-called 'Liberation Day.' The market's gain has happened despite worrisome economic data suggesting slowing activity that leaves the door open to stagflation or recession. The jobs market is shaky and inflation progress appears stalled. GDP estimates are falling, and the Federal Reserve appears boxed in regarding much-wanted interest rate cuts. The "buy-the-dip" mentality and the FOMO it spawned have fueled a market that has defied gravity so far. However, many wonder if stocks may have gotten ahead of themselves, suggesting it may be time to "sell the rip." The market action and potential risks facing the economy have led many on Wall Street to update their stock market predictions, including Bill Gross, who has been tracking markets professionally since 1971. Gross co-founded Pacific Investment Management Co., or PIMCO, a top asset manager with $2 trillion under management. As the portfolio manager for PIMCO's $270 billion Total Return Fund, his market calls earned him the nickname 'Bond King' before he joined Janus Henderson Investors, where he worked from 2014 to 2019. 💵💰💰💵 Gross's 50-year career means he's witnessed many market tops and bottoms. This week, he made a bold stock market prediction that included an update on how he's positioning his own money after the S&P 500's record-setting run higher. Has the Fed fallen behind the curve? The Federal Reserve has a tough job. Its dual mandate is to set the Fed Funds Rate at levels that result in low unemployment and inflation — two often contradictory goals. When the Fed cuts interest rates, it sparks economic activity that boosts employment and causes inflation. When it raises rates — like in 2022 and 2023, when it increased rates by 5% to battle runaway inflation — it caps economic growth, slowing inflation but raising a result, the Fed's monetary policy walks a tightrope. The stakes are high enough that it often hesitates when shifting from hikes to cuts or cuts to hikes for fear of causing more problems than it fixes. That's been the case this year. Amid signs of economic slowing, Fed Chairman Jerome Powell has left the Fed Funds Rate unchanged at 4.25% to 4.5%, a significant disappointment following 1% rate cuts into the end of 2024. Powell's is reluctant to reduce rates despite significant jawboning from President Trump's administration, which wants lower rates to help offset risks that tariffs weigh down gross domestic product, or GDP. In 2024, GDP grew at a healthy 2.8%. However, the World Bank estimates the U.S. economy will only grow 1.4% this year. The slower growth may already be causing problems for the job market. According to Challenger, Gray, & Christmas, layoffs totaled over 696,000 through May this year, up 80% year over year. Meanwhile, the unemployment rate, while historically low, has risen to 4.1% from a low of 3.4% in 2023. The Fed's hesitancy in the wake of slower GDP and job losses is based on concern over inflation. The Central Bank's hawkish policy on rates wrestled CPI inflation below 3% from 8% in 2022; however, progress has slowed recently. In June, headline CPI inflation increased 2.7% from one year ago, up from 2.6% in May. Many economists believe that corporations passing higher tariffs to consumers will cause inflation to continue climbing in the second half of the year. More Experts Analyst makes bold call on stocks, bonds, and gold TheStreet Stocks & Markets Podcast #8: Common Sense Investing With David Miller Veteran fund manager sends dire message on stocks If so, adding rate cuts to the mix could further fan inflationary fires, resulting in another inflationary spike. Still, the Fed's unwillingness to lower interest rates may mean that it falls behind the curve, which could make avoiding a recession more difficult. The University of Michigan's Consumer Sentiment Survey fell 11% year-over-year to 60.7 in June due to worry over inflation, potentially signaling that some households may reduce spending. Meanwhile, the ISM Manufacturing PMI, a measure of factory activity, was 49, and its June Services PMI was 50.8, 1.6 percentage points below the 52.4 average over the past 12 months. Those readings aren't bad, but don't indicate robust activity. Bill Gross shifts gears on the stock market Bill Gross's long Wall Street career has given him front-row seats to the rise and fall of the Nifty 50, skyrocketing inflation in the 1970s, the S&L crisis in the late '80s and early '90s, the Internet boom and bust, the Great Recession, Covid, and the 2002 bear market. He previously said on X on June 24 that he expected "a 'little bull market' for stocks."His mood has turned more bearish amid growing White House calls for Fed Chair Jerome Powell's resignation. "Investors wake up!" implored Gross on X. "The timing of the new Fed chair is less significant than the influence he will have on his committee. If he can sway the committee's thinking over time, bond markets will increasingly go curve positive, the dollar will weaken, and inflation will likely move to a 3% center." Gross went on to explain that he thinks that "some aspects of this are stock market positive," but also said that "others are not." Overall, he thinks "uncertainty on Fed policy, tariffs, and the influence of AI will be significant." Historically, uncertainty hasn't been a great recipe for stock market gains. Gross concluded bluntly, "I for one am moving defensively — more cash, buying value with 4-5% dividend yields." What stocks does Gross favor in his defensive portfolio? He mentions master limited partnerships for pipeline companies, which offer above-average yields. "I continue to like MLP pipelines with their high tax-deferred dividends (7-9%) and future infrastructure prospects due to AI, AI information centers, electricity demand, and the natural gas needed to generate it. () , () are my favorites," wrote Gross. He's also looking at high-yielding consumer stocks, including Kraft Heinz () . Consumer goods stocks typically perform best during a recession. "Becoming intrigued with food stocks. They're going nowhere pricewise but a 6.2% yield on KHC (Kraft Heinz) is attractive for income. It's breaking the company into two parts which may push price a little higher," said legend makes surprising stock market bet first appeared on TheStreet on Jul 18, 2025 This story was originally reported by TheStreet on Jul 18, 2025, where it first appeared.
Arabian Business
16-07-2025
- Business
- Arabian Business
UAE corporate tax registrations rise after penalty waiver
The Federal Tax Authority (FTA) has reported an increase in the number of beneficiaries from the Corporate Tax Late Registration Penalty Waiver initiative. The initiative applies to Taxable Persons and certain categories of Exempt Persons required to register with the FTA who were late in submitting their Corporate Tax registration applications within the specified deadline. The FTA has clarified that to be exempt from the AED 10,000 'Late Registration Penalty' for Corporate Tax, Taxable Persons or Exempt Persons required to register must submit their Tax Return or annual declaration no later than seven months from the end of their first Tax Period or the first Financial Year, instead of nine months. Corporate tax penalty waiver boosts compliance The Late Registration Penalty Waiver initiative applies only to the first Tax Period of the Taxable Person or Exempt Person required to register, regardless of whether the due date of the first Tax Return or annual declaration was before or after the new decision came into effect. 'This important initiative comes as part of the comprehensive strategy to support business sectors and encourage voluntary compliance with tax laws and procedures to avoid Administrative Penalties, which contributes to promoting economic growth, ensuring tax transparency and fairness within a legislative environment that keeps pace with developments through sustainable improvement, while maintaining performance quality and managing the tax system with the highest levels of efficiency and accuracy,' Khalid Ali Al Bustani, Director General of the Federal Tax Authority said in a statement. Al Bustani also emphasised the importance of non-registered Corporate Tax Taxable Persons submitting their Corporate Tax registration applications to the FTA, followed by the submission of Tax Returns through the EmaraTax platform within the specified deadline. The Director General noted that the initiative has resulted in increased registrations. Corporate Tax registrations have risen to 576,000 from 538,000 registrants before the launch of the waiver initiative in April 2025, representing an increase of 38,000 registrations. 'It is clear that the initiative to waive the Late Registration Penalty is incentivising many registrants for Corporate Tax as we note an increase in the number of Corporate Tax registrations to 576,000 – up from 538,000 registrants before the launch of the waiver initiative, in April 2025. This resulted in an increase of 38,000 additional registrations, as thousands of Corporate Tax registrants have submitted their Tax Return and annual declaration within the specified deadline to benefit from the Late Registration Waiver,' he added. The Director General described these indicators as a reflection of the initiative's success, showing how awareness of tax compliance and procedures is growing across all business sectors in the UAE. 'These indicators are a clear reflection of the initiative's success, which shows how the awareness on tax compliance and procedures is growing across all business sectors, in the UAE. The FTA is keen to continue engaging with the business community through various awareness channels, as well as to seek taxpayers' views and discuss ways to overcome any challenges they may face,' Al Bustani said. The Authority is intensifying its efforts, in cooperation with relevant entities, to raise awareness about the importance of the initiative and the need for non-registered Corporate Tax Taxable Persons to act and benefit from the waiver initiative by submitting their registration applications, tax returns, and annual declarations within a period not exceeding seven months from the end of their first Tax Period or Financial Year.
Edinburgh Reporter
11-07-2025
- Entertainment
- Edinburgh Reporter
Oscar-nominated Bookshop Band head for Edinburgh
The Oscar and Ivor Novello nominated Bookshop Band will play at Edinburgh's Pianodome on Monday 14 July as part of their 18-date Magical Summer Tour. The gig will feature brand new music inspired by the writing of Robert Macfarlane plus tracks from their latest album. Based in Wigtown but originating in Bath, the duo specialise in using both contemporary and classical literature to inspire their songwriting. They were Oscar and Ivor-Novello nominated for their work with Aardman animations to create the songs for the hit musical movie Robin, Robin. Audiences will be among the first to hear Ben Please and Beth Porter's most recent songs, including one created by special request of Robert Macfarlane for the launch of his new book Is a River Alive? They will also be performing music from Emerge, Return – their 2024 album which was produced by rock legend Pete Townshend, who also played on each of the 12 tracks. July's tour got its name following praise for the band's music for the launch of Is a River Alive. Robert Macfarlane said: 'The Bookshop Band make magic; conjuring words off the page and into song, bringing books to strange, new lyric life, singing their ways into collaboration with writers' voices and visions in ways that are thrilling and original.' Penguin Books added that that 'The music was magical'. The tour takes place in art centres, book shops and other intimate venues from Glasgow to Devon. Ben said: 'We love being on the road, playing at intimate venues. For us it's the absolute essence of being musicians – the chance to share our music, and the books we love, with audiences in every part of the country.' The duo, recently featured in the New York Times, occupy a unique space, straddling the worlds of music and literature. They have just written and performed the music for the new audiobook adaptation of Philip Pullman's trilogy, His Dark Materials. Meanwhile Beth has been performing as part of the Spell Songs ensemble which grew out of two other Robert Macfarlane books – The Lost Words and The Lost Spells. During this summer's tour there will be the chance to get a sneak preview of an EP they have produced inspired by the counterculture Oz magazine of the late 1960s. The EP will be fully launched after the tour in the autumn. The band has worked with many celebrated authors with best-sellers such as Kate Mosse (The Ghost Ship) asking them to write songs for their book launches. They have previously recorded 13 albums, which have been sold at gigs and online. Emerge, Return was their first wider, commercial release. Get tickets here Like this: Like Related
Associated Press
09-07-2025
- Business
- Associated Press
Omnigence Asset Management Releases New Report Challenging Conventional Thinking in Alternative Investments
CALGARY, ALBERTA, CANADA, July 9, 2025 / / -- Omnigence Asset Management has released a new research report titled 'High-Cost Beta Masquerading as Alpha: The Institutional Illusion of Alternative Investing and the Need to Return to Basics.' The report challenges the prevailing orthodoxy behind much of today's alternative allocations, arguing that investors are paying premium fees for crowded, over-financialized exposures that increasingly resemble public market return behavior while failing to deliver compelling risk adjusted returns. 'There's a growing disconnect between what is marketed as 'alternative' and what delivers uncorrelated, alpha-generating return streams,' said Stephen Johnston, Managing Director at Omnigence. 'The industry has drifted into complexity and sameness — layering fees, leverage, and intermediaries onto exposures that offer little structural protection, are over-crowded and hence lack resilience.' The report outlines structural flaws in many modern alt portfolios, including: • Overconcentration in consensus themes (infrastructure, mega-buyout PE, private credit funds behaving like CLOs) • Need to resort to leverage and financial engineering to manufacture returns In contrast, Omnigence outlines a back-to-basics philosophy rooted in simplicity, operational value creation, and capital scarcity. Alternative strategies should prioritize transparency, cash flow, and investor alignment — with a focus on sectors overlooked by allocators. About Omnigence Asset Management Omnigence Asset Management is a Canadian-based alternative investment platform focused on high-conviction strategies in farmland, operational private equity, secondaries, and healthcare. With offices in Toronto and Calgary, the firm is committed to offering investors resilient, transparent, and purpose-built alternatives in an increasingly crowded market. Omnigence has grown to over CA$1 billion in platform assets by focusing on what it describes as the neglected middle —investment opportunities that are too small or too operationally complex for large institutions and mainstream alternative managers under pressure to deploy billions in capital. DISCLAIMER: Our reports, including this paper, express our opinions which have been based, in part, upon generally available public information and research as well as upon inferences and deductions made through our due diligence, research and analytical process. The information contained in this paper includes information from, or data derived from, public third party sources including industry publications, reports and research papers. Although this third-party information and data is believed to be reliable, neither Omnigence Asset Management nor its agents (collectively 'Omnigence') have independently verified the accuracy, currency or completeness of any of the information and data contained in this paper which is derived from such third party sources and, therefore, there is no assurance or guarantee as to the accuracy or completeness of such included information and data. Omnigence and its agents hereby disclaim any liability whatsoever in respect of any third-party information or data, and the results derived from our utilization of that data in our analysis. While we have a good-faith belief in the accuracy of what we write, all such information is presented 'as is,' without warranty of any kind, whether express or implied. The use made of the information and conclusions set forth in this paper is solely at the risk of the user of this information. This paper is intended only as general information presented for the convenience of the reader and should not in any way be construed as investment or other advice whatsoever. Omnigence is not registered as an investment dealer or advisor in any jurisdiction and this report does not represent investment advice of any kind. The reader should seek the advice of relevant professionals (including a registered investment professional) before making any investment decisions. The opinions and views expressed in this paper are subject to change or modification without notice, and Omnigence does not undertake to update or supplement this or any other of its reports or papers as a result of a change in opinion stated herein or otherwise. Matt Barr Omnigence Asset Management +1 587-393-0893 email us here Visit us on social media: LinkedIn X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Cambrian News
07-07-2025
- Entertainment
- Cambrian News
Pictures: Cardigan celebrates all things Welsh at Gwyl Fawr Eisteddfod
The pomp and pageantry of the Chairing Ceremony then stole the attention with over 20 entrants battling to take the top prize. This year's subject was 'Dychwelyd' (Return) and judge Gwenallt Llwyd Owen selected Iestyn Tyne as the worthy winner. The multi-talented 28 year old from a village near Caernarfon is no stranger to bardic success, having being a previous winner of both the Urdd Eisteddfod Chair and Crown. He was able to celebrate the win with his wife and baby son who had joined him in the audience.
