U.S. markets closed

  • S&P Futures

    4,174.25
    -11.50 (-0.27%)
     

  • Dow Futures

    33,948.00
    -60.00 (-0.18%)
     

  • Nasdaq Futures

    13,740.50
    -49.50 (-0.36%)
     

  • Russell 2000 Futures

    2,265.00
    -8.70 (-0.38%)
     

  • Crude Oil

    64.56
    +0.07 (+0.11%)
     

  • Gold

    1,789.80
    -2.00 (-0.11%)
     

  • Silver

    26.94
    +0.00 (+0.01%)
     

  • EUR/USD

    1.2047
    -0.0025 (-0.20%)
     

  • 10-Yr Bond

    1.6070
    -0.0240 (-1.47%)
     

  • Vix

    18.31
    -0.30 (-1.61%)
     

  • GBP/USD

    1.3881
    -0.0028 (-0.20%)
     

  • USD/JPY

    109.2400
    +0.1790 (+0.16%)
     

  • BTC-USD

    55,860.71
    -2,262.30 (-3.89%)
     

  • CMC Crypto 200

    1,379.85
    -13.81 (-0.99%)
     

  • FTSE 100

    6,969.81
    +8.33 (+0.12%)
     

  • Nikkei 225

    28,812.63
    -241.37 (-0.83%)
     

Decorative Laminates Market In the US to grow by USD 1.18 Billion during 2021-2025 | Technavio

·6 min read

NEW YORK, May 3, 2021 /PRNewswire/ --

Technavio has announced its latest market research report titled Decorative Laminates Market in US by Application and Product - Forecast and Analysis 2021-2025
Technavio has announced its latest market research report titled Decorative Laminates Market in US by Application and Product - Forecast and Analysis 2021-2025

Technavio has been monitoring the decorative laminates market in the US and it is poised to grow by $ 1.18 bn during 2021-2025, progressing at a CAGR of 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Download Free sample report in MINUTES

Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the decorative laminates market in the US.
Frequently Asked Questions:

  • Based on segmentation by product, which is the leading segment in the market?
    LPL had the largest market share in the decorative laminates market in the US in 2021.

  • What are the major trends in the market?
    Product innovations and new designs will emerge as key trends in the market.

  • At what rate is the market projected to grow?
    The market is projected to grow by 3% during the forecast period.

  • Who are the top players in the market?
    Arclin Inc., Funder America Inc., Olon Industries Inc., Panolam Industries International Inc., Patrick Industries Inc., RENOLIT SE, Roseburg Forest Products Co., Synthomer Plc, Uniboard Canada Inc., and Wilsonart LLC are the key top players in the market.

  • What is the YOY for 2021?
    The YOY growth rate for 2021 is estimated at 1.10%.

Related Reports on Consumer Discretionary Include:

Decorative Lighting Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024: The decorative lighting market size has the potential to grow by USD 6.29 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period. Download PDF Sample

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Arclin Inc., Funder America Inc., Olon Industries Inc., Panolam Industries International Inc., Patrick Industries Inc., RENOLIT SE, Roseburg Forest Products Co., Synthomer Plc, Uniboard Canada Inc., and Wilsonart LLC are some of the major market participants. Although the product innovations and new designs, changing lifestyles leading to increasing demand for modular kitchens and consumer spending on home interiors, and increase in construction activities will offer immense growth opportunities, high competition from unorganized players is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this decorative laminates market in the US forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Decorative Laminates Market in US 2021-2025: Segmentation

Decorative Laminates Market in the US is segmented as below:

  • Product

  • Application

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40533

Decorative Laminates Market in US 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The decorative laminates market in US report covers the following areas:

  • Decorative Laminates Market in US Size

  • Decorative Laminates Market in US Trends

  • Decorative Laminates Market in US Industry Analysis

This study identifies the increase in construction activities as one of the prime reasons driving the decorative laminates market in US growth during the next few years.

Decorative Laminates Market in US 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist decorative laminates market in us growth during the next five years

  • Estimation of the decorative laminates market in us size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the decorative laminates market in us across Afghanistan, Albania, Africa, Bahrain, and Azerbaijan

  • Analysis of the market's competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of decorative laminates market in us vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2020

  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • LPL - Market size and forecast 2020-2025

  • HPL - Market size and forecast 2020-2025

  • Edgebranding - Market size and forecast 2020-2025

  • Market opportunity by Product

Market Segmentation by Application

  • Market segments

  • Comparison by Application

  • Furniture and cabinets - Market size and forecast 2020-2025

  • Flooring - Market size and forecast 2020-2025

  • Wall panels - Market size and forecast 2020-2025

  • Others - Market size and forecast 2020-2025

  • Market opportunity by Application

Customer landscape

  • Volume driver - Demand led growth

  • Volume driver - External factors

  • Market challenges

  • Market trends

Vendor Landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Arclin Inc.

  • Funder America Inc.

  • Olon Industries Inc.

  • OMNOVA Solutions Inc.

  • Panolam Industries International Inc.

  • Patrick Industries Inc.

  • RENOLIT SE

  • Roseburg Forest Products Co.

  • Uniboard Canada Inc.

  • Wilsonart LLC

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Report Link: https://www.technavio.com/report/decorative-laminates-market-in-the-us-industry-analysis

Technavio (PRNewsfoto/Technavio)
Technavio (PRNewsfoto/Technavio)
Cision
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/decorative-laminates-market-in-the-us-to-grow-by-usd-1-18-billion-during-2021-2025---technavio-301281973.html

SOURCE Technavio

Recommended Stories

  • Here's How High Ethereum Could Go as It Hits All-Time Highs

    Unlike bitcoin, ethereum has been on fire lately. Here's how high the cryptocurrency can rally if bulls maintain momentum.

  • Cathie Wood Buys Twitter Dip Amid Worst Plunge Since October

    (Bloomberg) -- Cathie Wood saw a buying opportunity in Twitter Inc.’s worst week since October.Her firm, Ark Investment Management, scooped up about 1.3 million shares of the social media network worth $71 million on Friday as the stock plunged 15%, according to an email on the firm’s trading activity. That slide came after after Twitter reported disappointing first-quarter sales, in contrast to the stronger-than-expected results from other big tech companies, including Facebook Inc. and Alphabet Inc.Ark’s actively managed exchange-traded funds have suffered as investors have shifted out of growth stocks as the nation rebounds, which will benefit companies whose businesses are more closely tied to swings in the economy. Her $23 billion flagship ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) -- the two funds that bought Twitter shares -- are down 3.5% and up just 1.5% this year, respectively, after posting triple-digit returns in 2020.But Wood is known for doubling down on her strategies during selloffs, especially when automaker Tesla Inc. plunges. She’s repeatedly said that despite the broader rotation out of high-growth companies and into value stocks, her team maintains their conviction in innovative technologies and has a five-year time horizon.“Twitter fits well with Ark and Cathie Wood’s” investment style, said Ross Mayfield, investment strategy analyst at Robert W. Baird & Co. “It’s on brand to the extent that it’s in the tech space and it’s a new Internet oriented company. But it is different from some of the moonshot companies they really like. Twitter is a tech company, but it’s kind of just your standard social media.”The social media giant’s stock plunged late last week after company executives said sales were sluggish in the first months of the year. Although its revenue gained 28%, it lagged some of the other digital advertising behemoths like Facebook Inc. and Alphabet Inc.’s Google.Wood’s ARKK fell 1.8% as of 11:07 a.m. in New York. The fund just notched first month of outflows since September 2019, losing about $76 million, according to data compiled by Bloomberg.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Hertz Gets Sweetened Knighthead Offer in Brawl to Buy Renter

    (Bloomberg) -- Investment firms Knighthead Capital Management and Certares Management submitted a sweetened offer to buy Hertz Global Holdings Inc. out of bankruptcy in a deal that could see equity investors recover $2.25 a share.Hertz will evaluate the proposal that assigns the rental-car company a more than $6.2 billion enterprise value to determine if it’s higher than one from its current reorganization sponsor, a group backed by Centerbridge Partners, according to people with knowledge of the matter who asked not to be named because the bid isn’t yet public.The bid includes fully committed debt and equity financing, the people said. Hertz bondholders would be paid in full while shareholders get the chance to own a bigger portion of the reorganized company.Hertz’s existing equity holders would receive 50 cents per share plus the chance to participate in either a boosted $1.3 billion rights offering or warrants for up to 10% of the reorganized company, the people said. Together, the cash and warrants would be worth around $2.25 a share, they said.Hertz shares jumped as much as 14% to $2.57 on Monday morning in New York after Bloomberg reported on the boosted offer. The plan gives Hertz an equity value of roughly $5.9 billion. Knighthead will fund $2.2 billion of the deal, and Apollo Global Management has also committed $1.5 billion of preferred equity, down from $2.5 billion in earlier discussions, the people said.The battle over ownership of Hertz has been heating up amid surging demand for travel in the U.S. Last month the company picked a plan from Centerbridge, Warburg Pincus and Dundon Capital Partners that outbid an earlier Knighthead deal. Both groups have since revised their plans. If the Knighthead bid meets Hertz’s qualifications, an auction may be held May 10 to determine the best bid.Representatives for Knighthead and Certares declined to comment. A representative for Hertz didn’t immediately respond to a request for comment.Last month, U.S. Bankruptcy Judge Mary Walrath gave Hertz permission to pay Centerbridge a so-called breakup fee if its plan isn’t chosen. Walrath also allowed Hertz to start the process of collecting creditor votes on that proposal.Hertz has said it wants to exit bankruptcy by summer to take advantage of a hot stock market and to capture an expected increase in vacation rentals. The industry is raising prices as post-vaccination business and leisure travel surges and household-name rental companies don’t have enough cars for customers to drive off the lot.The case is Hertz Corp. 20-11218, U.S. Bankruptcy Court, District of Delaware (Wilmington). To view the docket on Bloomberg Law, click here(Updates with share price and chart in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Samsung Windfall Gives Richest Korean Woman $7 Billion Fortune

    (Bloomberg) -- Hong Ra-hee, the wife of the late Samsung Group Chairman Lee Kun-hee, boosted her fortune to more than $7 billion after receiving billions of dollars in stocks in the much-awaited transfer of her husband’s assets.Hong, 75, inherited about 83 million shares in Samsung Electronics Co., making her the largest individual shareholder in the tech giant with a 2.3% stake, according to a filing last week. Hong is the richest woman in South Korea with a net worth of $7.4 billion as of Monday’s stock-market close, according to the Bloomberg Billionaires Index.It’s another consequence of the massive passing of wealth after Lee’s death, which saw his son Jay Y. cement control over the group after his holdings rose significantly in key affiliates. The late Lee’s only son is worth $12.6 billion, according to the index, while his sisters Boo-jin and Seo-hyun saw their wealth swell to $5 billion and $4.4 billion, respectively.“It’s a win-win situation for the family members,” said Park Ju-gun, head of Seoul-based research firm Leaders Index. “It has ensured more stable control for Jay Y. Lee, while other family members get more of a voice with their increased stakes.”A Samsung Electronics spokeswoman declined to comment on the family’s net worth.The drama over succession at South Korea’s largest company has roiled the country since the late Lee, the patriarch and longtime head of Samsung Electronics, suffered a heart attack in 2014. Jay Y. Lee has been accused in two different lawsuits of illegal behavior to ensure control over the conglomerate and is currently serving a jail sentence after a conviction for bribery in the first case.Hong received the biggest slice of the late Lee’s stake in Samsung Electronics as it was divided in a 3:2:2:2 ratio between her and her three children. Hong got about 33% of the shareholding, while her children each received about 22%, according to the legally prescribed ratio.Stock holdings in the conglomerate’s other key affiliates, its de facto holding company Samsung C&T Corp. and Samsung SDS Co., were transferred according to the same ratio.But Jay Y. was able to tighten his grip as he received half his father’s shares in Samsung Life Insurance Co., raising his stake to more than 10% from 0.06%. Samsung Life owns 8.5% of Samsung Electronics.Last week, the family announced its plan to pay one of the largest inheritance-tax bills at more than 12 trillion won ($10.7 billion), as well as its intention to donate 1 trillion won for medical facilities and about 23,000 works of art, including pieces by Pablo Picasso and Claude Monet.Hong led Samsung’s Leeum museum, which houses works such as Jean-Michel Basquiat’s “Untitled (Black Figure)” and Gerhard Richter’s “Two Candles.” She resigned as director in 2017, and hasn’t taken any management roles at Samsung companies.“It’s an extraordinary concentration of wealth,” Park said. “This single family’s fortune creates inequality even among conglomerates.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Secretive Billionaire Kenneth Dart Makes $6.7 Billion Bet on Tobacco Stocks

    (Bloomberg) -- It took decades for sustainable investing to become mainstream, but now every week one giant investor after another announces their commitment to ESG.Kenneth Dart will not be joining that club.The billionaire is heir to a plastic cup fortune. More than two decades ago he renounced his U.S. citizenship and moved to the Caribbean, becoming the biggest real estate owner in the Cayman Islands. For years he invested in distressed sovereign debt with Argentina’s former President Cristina Kirchner calling him a “vulture.”And over the past six months Dart, 66, has quietly accumulated one of the classic sin investments. Through a Cayman Islands vehicle called Spring Mountain Investments, Dart has built a 7% stake in British American Tobacco that’s now worth $6 billion. Last month, Spring Mountain disclosed a separate $634 million position in rival Imperial Brands. The Financial Times first reported the firm’s tobacco investments.A small portion of the positions were entered into using total return swaps, the filings show. These types of swaps were at the center of the March implosion of family office Archegos Capital Management, causing billions in bank losses.Tobacco WagerSpring Mountain is the latest in a series of entities the publicity-shy Dart has used to buy securities. He previously set up Portfolio Services Ltd., Seneca Investments, EM Ltd., Eastern Capital and LBS Investments. In recent years these have been used to invest in obscure biotechnology stocks that make up a fraction of his fortune, estimated at $6.6 billion by the Bloomberg Billionaires Index.Susanna de Saram, a representative of Dart’s firm Dart Enterprises, declined to comment on investment decisions.Dart’s tobacco wager goes against one of the hottest trends in finance: Investing in companies that focus on environmental, social and governance factors, which in theory means corporations have long-term sustainable prospects.The tobacco industry has for decades been the antithesis of ESG investment. Dominated by a few corporate behemoths, the companies operate in a market at risk of being quashed by regulation or customers giving up -- or dying from -- the habit.Michael Bloomberg, founder and majority owner of Bloomberg News parent Bloomberg LP, has been a longtime champion of tobacco-control efforts.While a larger group of investors are shunning the stocks, it can create opportunities for those less concerned with the societal outcomes of their portfolio.Dividend YieldsTobacco stocks “were a one-way ticket up until around 2016” before concerns about new regulation, especially in the U.S., began discouraging investors, according to Bloomberg Intelligence analyst Duncan Fox.Over the past five years, the MSCI World Tobacco Index has dropped 32%. That’s punished long-term holders, but has juiced the dividends the stocks pay. British American Tobacco and Imperial Brands have dividend yields exceeding 8%.Investors may also be overstating the regulatory risks -- after all the firms have experience adapting to and profiting under new regulations --and there’s potential growth in alternative tobacco products and the new cannabis markets, Fox said.Still, there’s a reason why so many investors shun the stocks.“Smoking has been in decline for the past five decades because of what we call the ESG Squeeze: pressures from societal attitudes, regulation, and taxation,” Citigroup Inc. analyst Adam Spielman wrote in March. In 10 to 20 years there could be no smokers left in many markets, according to Jefferies analyst Owen Bennett.Read more: Smoking may disappear within a generation, analysts predictDart has made successful contrarian bets in the past. He made billions from companies such as Salomon Inc., Federal Home Loan Mortgage Corp., and in troubled sovereign debt, according to a 1995 Businessweek profile.Trained as a chemical engineer, he’s long been focused on his investment portfolio instead of the family business, Dart Container, where he no longer has a role or ownership. Mason, Michigan-based Dart Container is run by his brother, Robert Dart.In recent years Dart’s focus seemed to shift from markets to property development, primarily in the Cayman Islands, where he’s made his home. Dart Real Estate has developed $1.5 billion in projects, including hotels, office buildings and residential complexes, according to its website.(Updates with total return swaps in fifth paragraph, Dart Enterprises’ response in seventh.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Ethanol-Maker’s Sales Slump Shows Why It Wants to Ditch Biofuel

    (Bloomberg) -- Green Plains Inc.’s first-quarter revenue trailed analysts’ estimates after declines in its ethanol business, highlighting volatility that’s prompting the company to shift away from the biofuel.Revenue fell 13% from a year earlier to $553.6 million, compared with the $625.3 million average of estimates compiled by Bloomberg. Ethanol sales volumes slid 26% from the year-earlier period, in part due to winter weather woes that slowed output throughout the industry.The slump comes after U.S. ethanol producers struggled with lower demand as the virus pandemic limited car travel and fuel use. While corn-based ethanol consumption is rebounding with economies reopening and gasoline demand nationwide on the rise, Green Plains Chief Executive Officer Todd Becker has already decided to reduce the company’s reliance on corn-based biofuel as its main product.“Green Plains 2.0 is in sight,” Becker told analysts on an earnings conference call Monday.Becker seeks to reinvent the company into a maker of high-protein and sugar ingredients made from corn for use in products ranging from pet food to candy, with ethanol merely a byproduct. The plan has drawn backing from Wall Street. The stock has more than doubled since the beginning of the year. Shares slipped 0.7% at 12:27 p.m. in New York.First-quarter ethanol crush margins, which includes extracting “ultra-high protein” ingredients from corn, swung to profitability after posting a loss in the same period last year.Key InsightsThe Omaha, Nebraska-based company’s adjusted Ebitda of $15.4 million. Analysts had forecast $16.1 million in ebitda.Company posted a first-quarter loss per share of 17 cents, smaller than the 46-cent loss analysts expected.Lower production volumes of ethanol were likely due to impacts of the February cold snap throughout the central U.S. and plant upgrades and maintenance, Truist Securities analyst Jordan Levy wrote in a note; he has a “buy” rating on the stock.Get MoreClick here for the earnings statementFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Verizon to offload Yahoo, AOL for $5 billion

    (Reuters) -Verizon Communications Inc is getting rid of its media businesses that include iconic brands Yahoo and AOL for $5 billion, ending an expensive and unsuccessful run in the media and advertising world. Despite spending more than a decade and billions of dollars acquiring a stable of internet brands, the New York-based telecom company has struggled to make headway in a highly competitive internet advertising space dominated by Facebook Inc and Google and has focused its resources on developing 5G. Having written $4.6 billion off the value of the businesses in 2018, Verizon will get just $4.25 billion in cash from private equity firm Apollo Global, along with preferred interests of $750 million and a 10% stake in the unit - about half of what it had paid for the businesses.

  • Warren Buffett: Zero interest rates have created a 'sea change' in finance

    Billionaire investor Warren Buffett warned that the consequences of zero interest rates remain an unanswered question.

  • Ether Hits $3,000 as Bitcoin’s Crypto Dominance Declines

    (Bloomberg) -- Bitcoin’s domination of total cryptocurrency market value is declining as its next-biggest rival Ether reaches the $3,000 milestone.The rise of Ether suggests there’s room for more than one winner among digital tokens as the sector evolves. Bitcoin now accounts for about 46% of total crypto market value, down from roughly 70% at the start of the year, and Ether makes up 15%, according to tracker CoinGecko. Bitcoin remains the biggest cryptocurrency but the momentum in other tokens is drawing increasing interest. Proponents argue investors are getting more comfortable with a variety of tokens, while critics contend the sector may be in the grip of a stimulus-fueled mania.Cryptocurrencies were broadly higher on Monday. Bitcoin climbed above $58,000, while Ether jumped 6% to $3,151 as of 8:17 a.m. in New York.“Ethereum is rising and not much seems to be in its way,” Edward Moya, a senior market analyst at Oanda Corp., wrote in a note Friday, adding that other tokens were also seeing “fresh interest.”The current distribution of market share also reflects an April shakeout in the cryptocurrency sector. Bitcoin has yet to recover all the ground it lost after tumbling from a mid-April record of almost $64,870.Last month’s listing of crypto exchange Coinbase Global Inc. in the U.S. is the latest sign of how more investors are embracing the sector despite risks from high levels of volatility and expanding regulatory scrutiny.Ether is currently occupying the limelight. An upgrade of the affiliated Ethereum blockchain as well as the network’s popularity for financial services and cryptocollectibles are among the factors cited for the rally. Evercore ISI strategist Rich Ross has set a target of $3,900 for the token.Other cryptocurrencies have jumped too. The price of Binance Coin is up 3,460% over the past 12 months, according to CoinGecko. Dogecoin, a token started as a joke in 2013 but now a social-media favorite touted by the likes of Elon Musk, has surged 15,000% to a market value of around $50 billion.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Crude Oil Price Update – Needs to Hold $64.19 to Sustain Rally into Close

    The direction of the crude oil market into the close on Monday will be determined by trader reaction to $64.19.

  • Warren Buffett says if something happened to him, Greg Abel would take over Berkshire Hathaway

    On Monday morning, CNBC's Becky Quick reported that when Buffett is no longer able to lead the company the top job will in fact go to 59-year-old Abel, vice chairman of non-insurance operations.

  • Asia's share markets edge up on recovery signals

    Asia's share markets were mostly higher Tuesday as regional equity investors looked to signs of recovery from the coronavirus pandemic as major economies around the world reopen. MSCI's broadest index of Asia-Pacific shares outside Japan was up by 0.05% on the back of a positive lead from Wall Street overnight. Hong Kong's Hang Seng Index opened 0.3% higher at 28,441.95.

  • Why the stock market might give back its April gains

    The market will give back its April gains over the next two months.

  • Binance Smart Chain’s Spartan Protocol Loses $30M+ in Exploit

    The attack happened just a few days after another DeFi protocol was attacked on Binance Smart Chain.

  • Oil Price Fundamental Daily Forecast – Traders Watching US Manufacturing PMI, US-Iran Nuclear Deal Talks

    Iran and the U.S are in talks to revive a nuclear deal which could lead to a lifting of U.S. sanctions that would allow Iran to ramp up oil exports.

  • Warren Buffett makes the case for doing what he says, not what he does

    "I recommend the S&P 500 index fund and have for a long, long time to people," Berkshire Hathaway CEO Warren Buffett said at the company's annual shareholders meeting on Saturday.

  • Mediaset, Vivendi sign deal to end years-long legal war

    MILAN (Reuters) -Mediaset and its second-largest investor, Vivendi, on Monday ended years of legal sparring with an accord under which the French group will drastically cut its stake in the Italian broadcaster. A collapsed pay-TV deal back in 2016 plunged the two media companies into a bitter war waged in courts across Europe, blocking Mediaset's plans to expand overseas to fend off rising competition in the industry from streaming services like Netflix Inc. The accord commits Mediaset to paying an extraordinary dividend of 0.30 euro a share in July, while ensuring Vivendi's backing for the pan-European strategy pursued by the group controlled by the family of former Italian Prime Minister Silvio Berlusconi.

  • New mortgage refinance program puts hefty savings in reach for millions

    A mortgage refi isn’t just for those with extra cash lying around.

  • Digital Dollar Project to launch five U.S. central bank digital currency pilots

    The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States. The private-sector pilots initially will be funded by Accenture Plc and involve financial firms, retailers and NGOs, among others. The aim is to generate data that could help U.S. policymakers develop a digital dollar.

  • Rich Americans Fleeing Tax Hikes May Turbocharge Shift to ETFs

    (Bloomberg) -- The booming ETF industry may be set to lure even more cash in the coming years as rich Americans facing higher capital gains taxes look to limit what they owe Uncle Sam.President Joe Biden’s plan to double the rate those making more than $1 million a year pay on investment profits would accelerate a shift that’s already seen hundreds of billions of dollars migrate from mutual funds to exchange-traded funds, market watchers say. That’s because ETFs are generally more tax efficient, spinning off fewer capital-gain disbursements that for some could soon become a lot more costly.In fact, by one measure, the tax efficiency of ETFs has been the single most important driver behind the tectonic shift in asset allocations in recent years. While the administration’s plan remains in its infancy and is sure to face intense scrutiny from lawmakers in the months ahead, even an incremental hike in the capital-gains rate would likely spur further ETF usage, according to David Perlman, an ETF strategist at UBS Global Wealth Management.“If capital gains tax rates are going to be higher, if you have a choice of a structure that helps to defer capital gains and gives you more control over when to recognize those gains, you’d be more inclined to go in that direction,” Perlman said.When an investor exits a mutual fund, the fund’s manager must sell securities to raise cash for the redemption. The same investor leaving an ETF can sell their shares on to another investor, meaning neither the fund nor its manager has made a taxable transaction.Meanwhile, the “in-kind” process used to create and redeem shares in an ETF -- whereby the ETF issuer exchanges the fund’s underlying securities with a market maker rather than transacting in cash -- means the ETF rarely executes a taxable sale.A December study by researchers at Villanova and Lehigh universities found that over the past five years, ETFs have averaged a tax burden 0.92% lower than active mutual funds. Moreover, particularly for high net-worth investors, tax considerations have outweighed both performance and fees as the primary driver of flows out of active mutual funds and into ETFs, the findings showed.“There’s no question Biden’s plan to hike the capital gains tax could be a boon for ETFs,” Nate Geraci, president of the ETF Store, an advisory firm, said via email. “Despite significant market share gains by ETFs over the past decade, there are still trillions of dollars locked in less tax efficient mutual funds.”Last year alone, the ETF industry took in almost $500 billion, while mutual funds lost about $362 billion, according to data compiled by Bloomberg.ETF AdvantageMost ETFs hardly pass along any capital gains to shareholders nowadays. Only 3 of 585 in a CFRA analysis made disbursements in 2020, Todd Rosenbluth, head of ETF & mutual fund research at the firm, wrote in an April 26 report. Over the same span, 37 of 39 domestic equity mutual funds from T. Rowe Price Group Inc. incurred a capital gain, the analysis showed.“We expect more people that mix ETFs and mutual funds together will be more inclined to shift toward strategies to avoid paying higher capital gains taxes in the future,” Rosenbluth wrote.Even investors not affected by the higher rate could migrate toward ETFs, he added. Simply the discussion of capital gains reminds investors of the industry’s innate tax advantages over mutual funds.Others aren’t convinced a higher capital-gains rate will do much to boost inflows into ETFs. Wealthy investors would have to sell their mutual fund holdings to make the switch, triggering significant tax liabilities in the process, said Michael Zigmont, head of trading and research at Harvest Volatility Management.“I see this tax hike not being good or bad for ETFs,” he said.Meanwhile, ETFs don’t suit every investment need. The U.S. retirement system remains heavily geared toward mutual funds, for example.Nonetheless, Perlman agrees with Rosenbluth that the potential tax change could even have an impact on investors below the $1 million annual earnings threshold.Those expecting to soon find themselves in the upper tax bracket, or concerned the threshold could be lowered down the road, are also likely to shift their future allocations, he said.“The incentives apply more broadly than just to those impacted by the proposal,” Perlman said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.