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Apple awards iPhone supplier Corning $250 million from U.S. manufacturing fund

“(Reuters) – Apple Inc on Tuesday said it would award Corning Inc $250 million from a $5 billion fund dedicated to U.S. advanced manufacturing” writes Midwest Communications Inc for 95kqds.com. Counting $200 million in 2017, Corning has now received $450 million from Apple’s fund.In the past, Apple has made long-term supply agreements https://www.reuters.com/article/us-apple-finisar/apple-grants-390-million-to-finisar-to-boost-laser-chip-production-idUSKBN1E71EA with its vendors in which it provides upfront cash to lock in supplies of parts and better prices. Source: 95kqds.com

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Bank of America says fund managers’ worries about a global recession are at a 2009 high

“Global fund managers have increasingly become more worried about the state of the economy, and according to Bank of America’s global fund manager survey, the risk of recession is at its highest since 2009” writes Trista Kelley for businessinsider.com. Just 21% of the fund managers expect a rise in short term rates in the next 12 months.Fund managers are getting worried about the state of the global economy.The survey, released on Tuesday, surveyed 235 fund managers who manage a combined total of $683 billion, showed that 38% of fund managers…

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Markets News Stocks 

U.S. value fund managers betting shift to value stocks won’t last

“The move is based on views that the market’s shift to value stocks will not last” writes Midwest Communications Inc for 95kqds.com. NEW YORK (Reuters) – The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance. “As a group value stocks will likely be stable, and the exciting names will be 20 percent higher and still be below their old highs.”. Thomas Reynolds, a portfolio manager of the Artisan Value Equity fund,…

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Markets News 

What Is a Money Market Fund and How Does It Work?

“To understand a money market fund, you need to understand how a mutual fund works” writes Eric Reed for thestreet.com. A money market fund is a type of mutual fund known as “fixed income.”. For that section of the market there is the money market fund.This is a fund which invests in any asset that the SEC allows for a money market fund.Some of the most important drawbacks to a money market fund include: • Low Rate of Return – Due to their stability and security, money market funds do…

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Tahya Misr aims to find radical solutions to problems of underprivileged segments: Deputy Director of Projects

“This was accomplished through the demolition of these informal housing areas and constructing an integrated residential city” writes Tamer Farhat for dailynewssegypt.com. Daily News Egypt interviewed the Deputy Director of the Tahya Misr Fund’s Projects, Shady Salem, to learn about the fund’s philosophy and its future projects.It was built on an area of 203 feddan, including 429 buildings which comprises of 18,276 housing units and 281 commercial units for 80,000 citizens.A total of 775 housing units were established, in addition to 48 commercial units, with funding of EGP 91m.The Egyptian…

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‘The bond market is screaming at us’: A Wall Street expert says investors are focused on the wrong recession signal — and warns a meltdown may come sooner than expected

“And it just contracted for the first time in 10 years, echoing the nerves we’re seeing in the bond market” writes Christopher Competiello for businessinsider.com. “The bond market is screaming at us,” Pal said during a recent appearance on The Meb Faber show, an investing podcast.But according to Raoul Pal— former hedge fund manager and founder of Real Vision— that’s exactly what’s happening in the bond market.Yields have fallen off a cliff since the beginning of the year as investors scared of a slowdown have poured into bonds.And yet equities…

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IMF has a decision to make in Argentina: rock or hard place?

“The IMF, which agreed a $57 billion line of credit with the South American nation last year, needs to make a decision on releasing the latest tranche of those funds” writes Midwest Communications Inc for 95kqds.com. When asked about risks to the program on Thursday, a spokesman said the IMF would not make a decision until Washington meetings with Argentine officials, planned for late September.”The Fund will not disburse more money until the presidential election in October,” opined Gabriel Monzon, head of local consultancy Grupo Latina. Source: 95kqds.com

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Hedge funds are getting whacked in an ‘unheard of’ stock market shift — and a leaked Morgan Stanley memo warns of possible pain for months

“Everything that worked all year got sacked and whacked,” one quant hedge fund source told Business Insider” writes Bradley Saacks for businessinsider.com. But the quant hedge fund source said that losses this time around were “not close to” those during the quake a decade ago.”This has been a brutal move,” said another person at a hedge fund in London. Source: businessinsider.com

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