VanEck moves first to target alternative asset managers themselves
Jan Van Eck, VanEck and Associates CEO, sits down with CNBC's Dom Chu on 'ETF Edge' to discuss the firm's newest ETF which is targeting alternative asset managers like BlackRock, Apollo and KKR and the opportunity they're seeing in the market.
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Yahoo
3 hours ago
- Yahoo
'The Big Short' Investor Steve Eisman Says Iran Crisis Could Be 'Extremely Positive' For Markets, Calls Regime A 'Death Cult' Close To Nuclear Weapons
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Investor Steve Eisman has a surprising take on the escalating tensions in the Middle East, one that cuts from conventional wisdom during periods of geopolitical conflicts. What Happened: On Wednesday, Eisman said the crisis in Iran may actually turn out to be 'extremely positive' for global markets and geopolitical stability during his appearance on CNBC's 'Squawk Box.' The investor, best known for shorting collateralized debt obligations in the lead up to the 2008 financial crisis, which inspired the character played by Steve Carell in the 2015 movie 'The Big Short,' describes Iran as a 'death cult,' which is now 'very close to getting a nuclear weapon.' Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Eisman argues that if Iran succeeds in its nuclear quest, it will trigger a regional arms race, with neighbors like Turkey and Saudi Arabia seeking their own deterrents. 'That would have been a disaster,' he says, adding that getting rid of such a death cult anywhere in the world, 'is a very positive thing.' He also states that the markets hadn't priced in this risk, but he believes the situation now offers potential upside, referring to the removal of a long-term geopolitical destabilizer that could benefit both the markets and global security. Why It Matters: Stocks have been relatively unfazed since the beginning of this conflict, with limited impact on the benchmarks thus far. Economists, too, have recently stated that the impact on the U.S. economy from this conflict is fairly limited. David Seif, Chief Economist for developed markets at Nomura, said, 'recession risks are higher, but only by a tiny bit.' The Chief Economist at Santander U.S. Capital Markets, Stephen Stanley, shared similar sentiments, that 'the fallout to the U.S. is pretty limited.' There are, however, several beneficiaries of this conflict, which primarily include defense companies that have been rallying over the past Month-To-Date (%) Year-To-Date (%) Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) 20.01 59.82 Optex Systems Holdings Inc. (NASDAQ:OPXS) 21.37 50.87 BWX Technologies Inc. (NYSE:BWXT) 27.77 26.06 RTX Corp. (NYSE:RTX) 6.32 25.74 Defense stocks have been rallying over the past month, amid intensifying tensions in the Middle East, and growing speculations regarding American involvement. Higher energy prices, however, can weigh on the economy, with Warren Patterson, head of commodity strategy at ING, saying that 'Iran is a meaningful oil producer, pumping 3.3 million barrels per day and exporting around 1.7 million,' and any disruption in this, he says, can push prices to $120 per Next: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image Via Shutterstock This article 'The Big Short' Investor Steve Eisman Says Iran Crisis Could Be 'Extremely Positive' For Markets, Calls Regime A 'Death Cult' Close To Nuclear Weapons originally appeared on
Yahoo
4 hours ago
- Yahoo
Trump claims tariffs could 'eliminate' income tax for Americans making under $200,000
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. President Donald Trump says tariffs could deliver a financial windfall for everyday Americans — by wiping out their income taxes. 'When tariffs cut in, many people's income taxes will be substantially reduced, maybe even completely eliminated,' Trump declared in a Truth Social post on April 27. 'Focus will be on people making less than $200,000 a year.' That's a bold promise, especially considering that only 14.4% of U.S. households earned more than $200,000 annually in 2023, according to Census Bureau data. In other words, if Trump's vision holds true, the vast majority of Americans would pay no income tax at all. 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) But don't celebrate just yet. While Trump is optimistic, experts say the math simply doesn't add up. Economists Erica York and Huaqun Li of the Tax Foundation were blunt, explaining in a response on April 28 that 'the individual income tax raises more than 27 times as much revenue as tariffs currently do,' and 'even eliminating income taxes for a subset of taxpayers, such as those earning $200,000 or less, would require significantly higher replacement revenues than tariffs could generate.' They estimate that the tariffs Trump has imposed and scheduled as of April 2025 would generate nearly $167 billion in new federal tax revenue in 2025 — covering less than 25% of the cost of eliminating income taxes for people earning below $200,000. While Trump's proposal faces serious doubts, policy changes aren't the only route to lowering tax bills. Here are two powerful assets that everyday investors can use to their advantage. Scott Galloway, professor of marketing at New York University's Stern School of Business, once said that if you're trying to build wealth, you have 'an obligation to pay as little tax as possible.' His advice? Keep it simple: 'You buy stocks, you never sell them, you borrow against them.' Galloway broke it down with an example: 'You own $100 in Amazon stock. You need money to buy something. Instead of selling the stock, and let's say it's gone up 50% ... You would have to realize a capital gain and pay long-term capital gains [tax] on that $50 gain. No, just borrow against it and let the stock continue to grow.' This strategy allows investors to tap into the value of their portfolios without triggering a taxable event. Because capital gains are only taxed when realized, borrowing against appreciated assets lets investors access cash while deferring taxes. Meanwhile, the investments themselves can continue to grow. And since the interest on the loan is often smaller than the tax bill from a sale, this approach can be a powerful tool for preserving and compounding wealth over time. Of course, not all investors want to pick individual stocks — and you don't have to. Warren Buffett, one of the most successful investors of our time, recommends a much simpler path: buying a cross-section of the American economy. 'In my view, for most people, the best thing to do is own the S&P 500 index,' Buffett has stated, meaning invest in an S&P 500 index fund. This straightforward approach gives investors exposure to the top American companies on the stock market, providing diversified exposure without the need for constant monitoring or active trading. The beauty of this approach is its accessibility — anyone, regardless of wealth, can take advantage of it. Read more: Rich, young Americans are ditching the stormy stock market — Real estate has long been a go-to asset for building wealth — and one of the reasons is the generous tax treatment it receives. When you earn rental income from an investment property, you can claim deductions for a wide range of expenses, such as mortgage interest, property taxes, insurance and ongoing maintenance and repairs. Real estate investors also benefit from depreciation — a tax deduction that recognizes the gradual wear and tear of a property over time. Today, you don't need to be a millionaire or buy property outright to benefit from real estate investing. For example, Homeshares opens the door to the $30-plus trillion U.S. home equity market — a space that was once reserved almost exclusively for institutional investors. With a minimum investment of $25,000, accredited 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 an accredited investor looking for larger returns through commercial real estate, First National Realty Partners (FNRP) could be a better fit with a $50,000 minimum investment requirement. Specializing in grocery-anchored retail, FNRP offers a turnkey solution for investors, allowing them to passively earn distribution income while benefiting from the firm's expertise and deal leadership. FNRP has developed relationships with the nation's largest essential-needs brands, including Kroger, Walmart and Whole Foods, and provides insights into the best properties both on and off-market. And since the investments are necessity-based, they tend to perform well during times of economic volatility and act as a hedge against inflation. You can engage with experts, explore available deals and easily make an allocation, all in one personalized, secure portal. 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) This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Millions of Americans now sit on a stunning $35 trillion in home equity — here's 1 new way to invest in responsible US homeowners This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
CNBC
7 hours ago
- CNBC
The lookahead: What next after U.S. strikes on Iran and Europe's 5% defense problem
After a week of global market jitters, the reaction to U.S. strikes on Iranian nuclear facilities will be front and center over the coming days. Meanwhile, a trio of heavyweight events could also shape the economic and geopolitical mood. From NATO tensions in The Hague to trade talks in Tianjin and industrial optimism in Berlin — investors will be watching closely. Addressing the nation on Saturday evening, U.S. President Donald Trump said strikes on three of Iran's nuclear sites were a "spectacular military success" that "completely obliterated" the country's major enrichment facilities. The strikes, which mark the first time the U.S. has conducted a direct military attack on Iran, mark a dramatic escalation in geopolitical tensions. Trump's claim about the result of the operation could not be independently confirmed. Iran Foreign Minister Abbas Araghchi slammed the U.S. strikes, describing them as "outrageous" and saying the country "reserves all options to defend its sovereignty, interest, and people." Global investors will be scrambling to assess the fallout. NATO meetings with Trump in attendance have a history of being dramatic. Back in 2017, the White House leader consistently questioned America's commitment to the alliance, and accused other members of owing "massive amounts of money" to the overall share of defense spending. Fast forward to 2025 and the next NATO Leaders Summit with Trump is set to take place in The Hague, the Netherlands on Wednesday. Some problems are familiar – while defense spending has increased dramatically across Europe, countries like Spain risk derailing talks by calling the 5% of GDP target "unreasonable." In addition, the war in Ukraine rages on. Meanwhile other problems are new – hostilities are rising between Israel and Iran, alongside other neighbors in the Middle East, are testing international relations to the limit. U.S. Ambassador to NATO Matthew Whittaker, told CNBC's "Squawk Box Europe" that the region should not expect a free ride from the U.S. on defense spending, as "the 5% target is not a negotiating tactic." On the other side of the world, the Chinese city of Tianjin plays host to the World Economic Forum's Meeting of New Champions running from Tuesday to Thursday, also known as the Summer Davos. Technology dominates the agenda at a tricky time for relations between China and the West, as trade negotiations with the U.S. are still on-going. Trump may have bought more time for TikTok, extending the deadline for China's ByteDance to divest the social media platform's U.S. business to September, but the latest round of trade talks in London led to a vague stand-off between the two superpowers, with no official readout. Speaking to CNBC right after those negotiations, U.S .Commerce Secretary Howard Lutnick was asked if current tariffs on China would not shift again, to which he replied, "you can definitely say that." But this may do little to ease the conversations between Chinese officials and corporates in Tianjin, and the international delegates in attendance, who will be looking for more certainty from both the White House and Beijing. Closer to home, it's the Day of Industry conference in Germany on Monday and Tuesday. This annual meeting in Berlin highlights German economic policy and global trade strategies. It could be a good time for the new government to be touting Europe's so-called Engine of Growth, with four economic institutes raising their 2025 and 2026 GDP growth forecasts for Europe's largest economy. During a recent trip to Washington DC, Chancellor Friedrich Merz dodged the ire that other world leaders have faced in the Oval Office, with Trump's focus mostly dominated by his public spat with Elon Musk. But it's not all clear roads ahead for Germany, as the country's auto industry body reports that domestic auto-makers have shouldered around 500 million euros ($576.1 million) in costs associated with Trump's import tariffs.
