Tag: bets

A chief investment strategist explains why making short-term bets ahead of the election is a risky strategy

a man talking on a cell phone: Johannes Eisele/Getty Images

© Johannes Eisele/Getty Images
Johannes Eisele/Getty Images

  • A Charles Schwab chief investment strategist explained why making short-term bets ahead of the election is a risky strategy.
  • In the span of the last 30 election cycles, there have been a range of significant impacts on market performance that had “little-to-no relationship” with the incumbent party in the White House, the strategist, Liz Ann Sonders, noted.
  • Considering the multitude of market outcomes in every election cycle, she said “the economy impacts elections more than elections impact the economy.”
  • Investors looking for clear connections between the election and market performance cannot expect easy answers, she said.
  • Visit Business Insider’s homepage for more stories.

Betting on election outcomes is risky as history makes it clear that the relationship between politics and the stock market is varied and absent of consistency, according to a chief investment strategist at Charles Schwab, Liz Ann Sonders.


Load Error

Read More

IBM Bets Big on $1T Hybrid Cloud Market With Business Spin-off

There have been major developments this year amid the coronavirus crisis in the technology sector, from NVIDIA acquiring ARM Holdings, Oracle and Walmart’s stake in TikTok, and Microsoft’s Bethesda acquisition to even the most recent rumored deal of AMD looking to acquire its rival Xilinx for $30 billion.

News of merger, acquisition and spin-off keep ticking. Coronavirus crisis has compelled companies globally to rethink business strategies and alter their spending patterns. International Business Machines Corporation IBM isn’t immune to the trend.

The company recently announced the spin-off of its legacy Managed Infrastructure Services business in a bid to accelerate its hybrid cloud growth strategy, with a focus on enabling clients with accelerated digital transformation.

The company’s Managed Infrastructure Services, a unit of its Global Technology Services division, will be spun off into a new public company or NewCo (set to be named later). The deal is anticipated to “be achieved

Read More

How to Make Smart Bets in Business

5 min read

Opinions expressed by Entrepreneur contributors are their own.

Business is full of bets, especially where investing is concerned. If you’re interested in rolling the dice by purchasing a business, making an angel investment in a startup or even allocating your hard-earned money for your first employee, it’s important to know what makes a smart bet and how to protect yourself from a worst-case scenario. It’s worth stating that even deciding to go into a business of your own is a form of a bet, and merits the same type of background due-diligence.

This may require testing or gaining new knowledge, but a thorough understanding is critical, especially with glaring statistics regarding the failure rate for startups at a whopping 50 percent, according to Small Biz Genius. With statistics like these, there’s no way to ensure success. However,  there are definitely ways to think through

Read More

Investor Baillie Gifford bets on China in a post-coronavirus world

People visit China Telecom’s booth during 2019 World 5G Convention at Beijing Etrong International Exhibition & Convention Center on November 21, 2019 in Beijing, China.

VCG | Getty Images

BEIJING — Global investors are stepping up their bets on Asia, particularly China, regardless of the coronavirus pandemic’s shock to growth or growing geopolitical tensions. 

Just this week, Edinburgh-based investment partnership and early Tesla backer Baillie Gifford announced it is increasing investments in China with the expansion of its first overseas office in Shanghai.   

“We believe that China’s business model, innovation, has great strength, and will attract global development, so we think the Chinese market is a great opportunity,” Amy Wang, head of China for Baillie Gifford, said in a phone interview Thursday, according to a CNBC translation of her Mandarin-language remarks.

The investment firm is recruiting locally in Shanghai, and three directors will join the office, Wang said. Looking ahead,

Read More

5 best bets to make against the spread

a group of football players on a field

© Provided by Fansided

a group of people playing football on a field

© Provided by Fansided

INDIANAPOLIS, INDIANA – SEPTEMBER 20: Dalvin Cook #33 of the Minnesota Vikings runs the ball against the Indianapolis Colts at Lucas Oil Stadium on September 20, 2020, in Indianapolis, Indiana. (Photo by Andy Lyons/Getty Images)

The Steelers and Colts are among the best NFL bets in Week 3.

We’ve hit Week 3 in the NFL season and it feels like we’ve hit a milestone for gambling information. Each team has played one home game and one road game, giving us some context for how everyone will play this season. We’ve seen some teams emerge as surprises while others haven’t lived up to the hype. Let’s take a look at five of the NFL’s best bets for Week 3 with all lines courtesy of the FanDuel Sportsbook.

5. NFL Week 3 best bets: Minnesota Vikings +2.5

It hasn’t been fun to be a

Read More

Illinois sports bets top $52 million in July; online wagering gains traction as NFL season kicks off

Despite a dearth of major sports and only two places to place bets,legal sports books generated more than $52.5 million in wagers during July, the first full month of activity in Illinois.

a group of people sitting in front of a crowd: Guests and media crowd into the sports book area on Monday, March 9, 2020 at the Rivers Casino in Des Plaines.

© Stacey Wescott / Chicago Tribune/Chicago Tribune/TNS
Guests and media crowd into the sports book area on Monday, March 9, 2020 at the Rivers Casino in Des Plaines.

With the kickoff of the NFL season last weekend, and the recent launch of several online and retail sports books, Illinois’ sports betting industry could get a lot bigger in the months ahead, experts say.

“It’s very early innings,” said Chris Grove, managing director of sports betting for gaming industry research firm Eilers & Krejcik.

More than 92% of sports wagers made in July were placed online, according to the Illinois Gaming Board. Bets were placed on everything from mixed martial arts to auto racing. Top pro sports for betting

Read More

Biden bets on AFL-CIO, unions & working class for 2020 win

Democratic presidential nominee Joe Biden’s among friends on Labor Day as the support among unions grows.

“I make no apologies, I am a union man,” the former vice president said nearly a year and a half ago at his first campaign rally after announcing his candidacy for the White House, which was held appropriately at a union hall near Pittsburgh, Pa.


Fast forward to the present day and Biden – who’s long been a strong supporter of organized labor – heads to Harrisburg, Pennsylvania on Monday to speak with labor leaders. The former vice president will visit the Pennsylvania AFL-CIO headquarters and join a virtual event with union President Richard Trumka, and take questions from the rank and file members. Additionally, he secured

Read More