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Over that time, the non-farm payrolls survey showed that the US economy gained 640,000 jobs. In addition to believing jobs data is distorted, Rosenberg has said in recent months that stock prices and valuations are disconnected from the macroeconomic picture. The chart below shows the AI boom — represented by the yellow line — with AI stocks climbing several hundred percent since 2022. Rosenberg ResearchDownturn or no downturnRosenberg has been notoriously bearish over the last couple of years, repeatedly warning of a recession. Pantheon MacroeconomicsAs Rosenberg points out, the longer the Fed keeps rates elevated, the higher the risk of a recession becomes.
Persons: David Rosenberg, Rosenberg, Merrill Lynch's Organizations: Labor Statistics, Business, Rosenberg Research, BLS, Dynamics, Federal Reserve, Nvidia, Bloomberg, Treasury
Warner Bros. Warner Bros. He's said he's not interested in being in the "rental business," as is the nature of licensing sports rights, though he has also expressed optimism about retaining NBA rights. Spokespeople for Warner Bros. Discovery, NBC and the NBA declined to comment.
Persons: John Tesh's, NBCUniversal, Comcast's NBCUniversal, David Zaslav, He's, he's Organizations: National Basketball Association, NBC, NBA, CNBC, Street Journal, Disney, Warner Bros, Warner Bros . Discovery, Comcast, Discovery
On This Saturday Night, Colin Jost’s Jokes Fell Flat
  + stars: | 2024-04-28 | by ( Jason Zinoman | ) www.nytimes.com   time to read: +1 min
People in the media have long worried about the impact of the White House Correspondents’ Association dinner on journalism. Colin Jost’s set this year does not belong in that pantheon. With long pauses between jokes, eyes darting side to side, he occasionally took a drink of water and at least once acknowledged the lack of laughter in the room. His jokes leaned on wordplay more than a specific or novel perspective. “Some incredible news organizations here,” began one of his pricklier jokes, finished by: “Also, some credible ones.”
Persons: Trevor Noah, George Carlin, Richard Pryor, Conan O’Brien, Wanda Sykes, Stephen Colbert, Seth Meyers, Larry Wilmore, Michelle Wolf, Colin Jost’s, Michael Che, Organizations: White,
Read previewLooking at the headline numbers, the US labor market is booming. OVOM Research/Bullandbearprofits.comWolfenbarger's views in contextOther market observers have started to warn of a weakening labor market in recent months. Ian Shepherdson, the chief economist at Pantheon Macroeconomics, shared several indicators in a client note earlier this month warning of a job market slowdown ahead. Pantheon MacroeconomicsBut whether the labor market actually weakens materially remains to be seen. AdvertisementIf Wolfenbarger is right and the labor market falls apart in short order, it could catch an exceptionally bullish market off guard.
Persons: , Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, Louis, Ian Shepherdson, Shepherdson, There's Organizations: Service, JPMorgan, Business, Labor Statistics, Fed, Conference, Treasury, OVOM, Pantheon, National Federation of Independent
Washington CNN —Home sales based on contract signings jumped in March despite elevated mortgage rates that month. Contract signings rose across the country in March from the prior month, except in the Midwest. Hotter-than-expected inflation readings in recent months are now keeping the Federal Reserve from cutting interest rates anytime soon. Those are the so-called “golden handcuffs” of low mortgage rates. They began to climb in early 2022 when the Federal Reserve started to hike interest rates in a bid to tamp down high inflation.
Persons: , Lawrence Yun, ” Oliver Allen, it’s, Yun Organizations: Washington CNN —, National Association of Realtors, Federal Reserve, Treasury, Pantheon
Cher, Ozzy Osbourne, Peter Frampton and Mary J. Blige are part of the Rock & Roll Hall of Fame’s class of 2024, along with Dave Matthews Band, Kool & the Gang, Foreigner and A Tribe Called Quest, the hall announced on Sunday. The latest crop of stars will officially join the pantheon in a ceremony on Oct. 19 at Rocket Mortgage Fieldhouse in Cleveland, where the hall’s affiliated museum is also located. Of those artists, four were elevated to the hall on their first nomination: Cher, Foreigner, Frampton and Kool & the Gang. Osbourne was nominated for the first time as a solo act, though he had joined the hall as part of Black Sabbath in 2006. The Rock Hall has come under increasing pressure in recent years to diversify its ranks with more women and artists of color, and has made progress in that regard, though some critics say it is not enough.
Persons: Cher, Ozzy Osbourne, Peter Frampton, Mary J, Blige, Dave Matthews, Osbourne, Frampton, Foreigner, X, Matthews Organizations: Roll, Rocket Mortgage, Kool Locations: Cleveland
In their sophomore year, on the first day back after Christmas vacation, she came to school wearing newly fashionable clothes with a trendy hairstyle — but the bullying and teasing never stopped. “Carrie,” Mr. King’s first published novel, was released 50 years ago, in 1974. Many things have changed in the half-century since Mr. King’s novel was published, yet Carrie White remains a strikingly relevant and highly relatable figure. “Not really, not at the subconscious level where savage things grow.” I was hooked. What did Mr. King mean by “savage things?” I didn’t realize then that I would spend so much of my adult life thinking about this very question.
Persons: ” Stephen King’s, Dodie Franklin, , ” Mr, King, “ Carrie, King’s, Carrie ”, Brian De Palma, Chloë Grace Moretz, Carrie White Organizations: Riverdale Locations: Riverdale ”, Sri Lanka
Hollywood’s New Fantasy: A Magical, Colorblind Past
  + stars: | 2024-03-31 | by ( Kabir Chibber | ) www.nytimes.com   time to read: 1 min
Across the arts, we now see so many worlds that never existed. The hit Netflix series “Bridgerton” depicts a version of Regency England ruled by a Black queen and an anachronistically multiracial royal court. When you see these examples gathered, they’re often followed by some complaint of a world gone mad with inclusion. In Britain, for instance, there was some outrage when the protagonist of an otherwise faithful Agatha Christie adaptation was revised to be a Nigerian immigrant. But the problem, for viewers, isn’t wokeness run amok; it’s the incoherence of the world we are watching.
Persons: David Copperfield, Dev Patel, they’re, Agatha Christie, isn’t Organizations: Netflix Locations: England, Britain, Nigerian
According to Bank of America, valuation levels explain 80% of the market's return over a 10-year period. Bank of AmericaThere are many ways to measure valuation levels in the overall market. Hussman says it's the most accurate indicator of future market returns that he's found. AdvertisementThe Conference BoardThird, the number of US states with a rising unemployment rate is spiking, meaning that the overall unemployment rate should see further upside. BullAndBearProfits.comThe US unemployment rate is already on a slight uptrend, having climbed from 3.4% in April 2023 to 3.9% as of February.
Persons: , Jon Wolfenbarger, Merrill Lynch, John Hussman's, he's, Warren Buffett, Wolfenbarger, Stocks, Woflenbarger, Cam Harvey, Claudia Sahm, Louis Fed, Jeremy Grantham, John Hussman, David Rosenberg, Goldman Sachs, David Kostin, America's Savita Subramanian, Ian Shepherdson, Shepherdson Organizations: Service, Bank of America, Business, JPMorgan, National Federation of Independent Business, Board, Treasury, Bank, America's
In today's big story, we're examining how a change in credit cards' behind-the-scenes fees impacts you… and your points . Under the settlement, merchants could charge customers more for using different cards despite being part of the same Visa or Mastercard network. AdvertisementTim Boyle/Getty Images; Jenny Chang-Rodriguez/BIThe agreement could ultimately reshape how consumers pay for things. AdvertisementPerhaps that's why one analyst told Business Insider's Alex Bitter he doesn't expect major retailers to pass swipe fees along to customers. But maybe, not unlike the fees the agreement targets, what seems small could eventually add up to something big.
Persons: , Jenny Chang, Rodriguez, Insider's Grace Eliza Goodwin, Tim Boyle, David Morris, Alex Bitter, LUDOVIC MARIN, BlackRock's Larry Fink, Jeremy Grantham, Ian Shepherdson, That'll, We've, Meta, Mark Zuckerberg, Facebook execs, Francis Key Scott, Hunter Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Nickelodeon, Business, Mastercard, Visa, Getty, Fed, Amazon, BI Locations: Europe, LUDOVIC, Baltimore, Port, New York, London
Ian Shepherdson, Pantheon Macroeconomics' founder, predicts a significant US labor market slowdown. Shepherdson anticipates five 25-basis-point rate cuts from the Fed in 2024 instead of three. AdvertisementOne of the big surprises of the Federal Reserve's record hiking cycle over the last couple of years has been the strength of the labor market. Month after month, the US economy has steadily added jobs, and the unemployment rate has remained below 4%. But all of that looks likely to change in the months ahead, according to Ian Shepherdson, the founder and chief economist of Pantheon Macroeconomics.
Persons: Ian Shepherdson, Shepherdson, Organizations: Macroeconomics, Fed, Service, Federal, Pantheon Macroeconomics, Business
Rome CNN —Archaeologists excavating the site of Pompeii have uncovered an ancient building site, revealing Roman construction techniques used by builders at the time, according to the Italian Ministry of Culture. The ancient Roman city of Pompeii was home to up to 20,000 people before it was destroyed in the 79 AD eruption, which was visible from more than 40 kilometers (25 miles) away. Archaeologists have found what would have been an active construction site - perhaps more accurately described as a home renovation, according to Massimo Osanna, the general director of the site, in a press statement released Monday. Archaeologists say the site reveals the secrets as to how Roman structures have proven to be so durable. Courtesy Italy Ministry of CultureThe latest findings paint a fuller picture of how ancient Romans lived.
Persons: Rome, Massimo Osanna, ” Osanna, Achilles, Skyros, Gabriel Zuchtriegel, Caracalla, , Zuchtriegel, Gennaro Sangiuliano Organizations: Rome CNN —, Italian Ministry of Culture, Archaeologists, Italy Ministry of, Massachusetts Institute of Technology, MIT Locations: Pompeii, Italy, cocciopesto
The genius Roman creations that still amaze us today
  + stars: | 2024-03-23 | by ( Guy Kesteven | ) edition.cnn.com   time to read: +13 min
That’s because Roman passions for outrageous, oversized architecture went hand in hand with detailed record-keeping and relentless imperial PR. We should warn you that the lines to get in now are likely even longer than the Roman ones though. While it was forgotten for over 1,000 years, this UNESCO World Heritage site now gets over 2,500,000 visitors a year. Mahmud Turkia/AFP/Getty ImagesWhat: Spectacularly preserved Roman portWhere: Libyan coastWhoa: Seeing is still not believingThe undoubted winner of the “most incredible Roman site you’ve never heard of” award is Lepcis Magna. That’s made this dramatic structure a designated UNESCO World Heritage site and well worth a visit on any Roman road trip across Europe.
Persons: Genghis, Marco Cantile, Volcanically, Pliny, hadn’t, That’s, Pont du, Pont, it’s, Mahmud Turkia, you’ve, Magna, Septimus Severus, , Emperor Augustus, Tiberius, Domitian, Nero, Maximus, Don’t, Augustus, Vindolanda, Hadrian, Antonine, Aphrodisia, Caracalla, Caracalla aren’t, Diocletian, Guy Kesteven, Sarah, Freya Organizations: CNN, Scottish Borders, UNESCO, Heritage, Lepcis Magna, Getty, Coliseum, YouTube, Royal Holloway University Locations: Rome, Africa, Scottish, Italy, Herculaneum, Naples, Mount, Gardon, France, AFP, Libyan, Libya, Palatine Hill, Trier, Germany, Europe, England, Roman, Scotland, Anatolia, Turkey, Aphrodisia, Caracalla
TV ratings signal growth in college women’s basketballWhile Clark is enticing viewers, women’s college basketball is experiencing growth that can’t only be explained by “Clarkonomics”– as basketball analyst Debbie Antonelli called it – alone. The surge in women’s college basketball is also due to more investment in media coverage of women’s sports, said Lewis. NIL empowers players — and their sportsCollege women’s basketball players are among the biggest players in the market for Name, Image and Likeness sponsorships. College women’s basketball players are among the biggest players in the market for Name, Image and Likeness sponsorships. One factor driving the speculation that Clark might stay in college was that WNBA doesn’t have the same platform as women’s college basketball.
Persons: Caitlin Clark, Clark, It’s, Steph Curry, Michael Mulvihill, Clark –, , Jon Lewis, Lewis, Curry, LeBron James, Michael Jordan, they’re, , Pete Maravich’s, Davidson, “ Clarkonomics, Debbie Antonelli, Melissa Isaacson, Iowa’s Clark, LSU’s Angel Reese, let’s, ’ ” Lewis, , Reese, Cameron Brink, Paige Bueckers, Reed Sheppard, Rob Dillingham, Cody Williams –, Dillingham, Sam Weber, That’s, hasn’t, Isaacson, Diana Taurasi’s, Candace Parker’s, eyeing Clark, Organizations: CNN, Iowa Hawkeyes, NBA, CBS, ESPN, Fox Sports, Sports Media Watch, UConn, Tennessee, Northwestern, NCAA, College women’s, Bueckers, WNBA, ABC, Indiana Fever Locations: Iowa, Tennessee, TickPick, Opendorse
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation's going to perform much better than most people & the Fed think this year: Ian ShepherdsonIan Shepherdson, Pantheon Macroeconomics chief economist, joins 'Squawk Box' to discuss the latest market trends, the Fed's interest rate outlook, why he believes the the Fed should cut rates next week, and more.
Persons: Ian Shepherdson Ian Shepherdson Organizations: Macroeconomics
Composer, Uninterrupted: Christian Wolff at 90
  + stars: | 2024-03-02 | by ( Steve Smith | ) www.nytimes.com   time to read: +1 min
If artistic stature worked by osmosis, Christian Wolff could claim greatness based on that alone. “My father met Brahms,” he said, easing into conversation at a sturdy wooden table in the dining room of his Hanover, N.H., home. Wolff’s father was 6 or 7. Wolff’s grandfather, a violinist, conductor and professor, knew Brahms personally and professionally, he said. Wolff, who turns 90 on Friday, is associated with a different pantheon.
Persons: Christian Wolff, , Brahms, , Clara Schumann’s, Wolff’s, Robert Schumann, Wolff, John Cage, Morton Feldman, Earle Brown, David Tudor, Merce Cunningham, John Ashbery, Jasper Johns, Robert Rauschenberg Organizations: New York School Locations: Hanover, N.H, Bonn, Germany, New York
A critic hailed it as "the best sci-fi epic of the century." AdvertisementIt's time to return to Arrakis for the much-anticipated sequel to Denis Villeneuve's 2021 epic "Dune." Prepare for a cliffhanger endingLike in the first movie, you're not going to get many answers by the end. Inverse's Hoai-Tran Bui dubbed it "the best sci-fi epic of the century" in her headline. "It's a towering feat of sci-fi cinema that will put 'Dune: Part Two' in contention for the pantheon of greatest sequels ever."
Persons: , Denis Villeneuve's, Villeneuve, Paul Atreides, Austin Butler, Florence Pugh, Léa Seydoux, Christopher Walken, Critics, Timothée, Lawrence, Peter Bradshaw, Peter Debruge, Therese Lacson, He's, IndieWire's David Ehrlich, Irulan, Paul, Chalamet, IndieWire's Ehrlich, Nick Schager, David Fear, Niko Tavernise, Joshua Rothkopf, Tran Bui Organizations: Service, Warner Bros, The Guardian, Collider, Hollywood Reporter, Stone, Los Angeles Times, Hollywood Locations: Arabia
AdvertisementOne of the most joyously off-kilter scenes in Yorgos Lanthimos' "Poor Things" starts with a declaration. Below, Business Insider spoke with "Poor Things" choreographer Constanza Macras to break down exactly how the scene came together. "I was amazed how precise the performer did the dance," Macras told Business Insider with a laugh. Advertisement"I got the script, actually the full script, and that was very nice because it wasn't just the scene," Macras said. Emma Stone filming the dance scene in "Poor Things."
Persons: Emma Stone, Mark Ruffalo, Lanthimos, Constanza Macras, Macras, Stone, , Yorgos, Bella, Emma Stone's, Godwin Baxter, Willem Dafoe, Duncan Wedderburn, rebuffing Wedderburn, DorkyPark, Duncan, Ruffalo, Mark, Emma, she'd Organizations: Service, Searchlight Locations: Portuguese, Victorian London, Lisbon, Buenos Aires
That left Fed officials bracing for the latest batch of revised CPI data, released Friday morning, which some feared could take away the inflation progress they observed last year. Instead, officials got some good news: December’s monthly inflation wasn’t as bad as initially reported, according to newly revised figures from the BLS. And for other months last year, initial data was either unchanged or revised by no more than one-tenth of a percentage point up or down. Recent data revisions have complicated the Fed’s monetary policy decisionsFed officials have been complaining about data revisions to key economic reports lately. But if revised data indicates that job gains didn’t actually slow that much in a month, cutting rates could move the inflation rate further from their target.
Persons: Christopher Waller, Waller, Friday’s, Kieran Clancy, ” Clancy, , ” “, Organizations: New, New York CNN, Federal Reserve, Bureau of Labor Statistics, BLS, , Pantheon Locations: New York
Rome Finally Gets the Modern Hotels It Deserves
  + stars: | 2024-02-08 | by ( Laura May Todd | ) www.nytimes.com   time to read: +1 min
The first city hotel from a company better known for its beach resort and spas, Six Senses Rome opened last spring in a historic palazzo on Piazza San Marcello, a short walk from the Pantheon. The Spanish architect Patricia Urquiola oversaw the design, keeping the graceful lines of the original structure while transforming it into a light-drenched contemporary retreat. She housed the reception and lobby bar in a glass-topped atrium, filling the space with giant potted plants. In one section of the lobby, glass flooring reveals a glimpse of an ancient subterranean baptismal pool that belongs to the neighboring church. Then there’s the spa, in many ways the centerpiece of the hotel.
Persons: Patricia Urquiola, Urquiola Locations: Piazza San, Spanish, hammam
That could be a sign that workers feel less confident about the state of the labor market. AdvertisementFriday's blowout jobs report confirmed the labor market is still holding firm, but one often-ignored statistic could signal a looming slowdown. "The second straight 2.2% quits rate — just below the pre-Covid level — is more important, because it clearly signals slower wage gains." "All that air is coming out of the labor market, even though hiring remains strong." "The job market is steadily returning to its pre-pandemic self," Morningstar's Preston Caldwell said in a research note.
Persons: , José Torres, Ian Shepherdson, Philipp Carlsson, Szlezak, Optimists, Morningstar's Preston Caldwell Organizations: Service, of Labor Statistics, Macroeconomics, Bureau of Labor Statistics, Boston Consulting Group, Business, eBay, Los Angeles Times
The late star also appeared in the third and fourth installments of the franchise through 1985. His character’s son, played by Michael B. Jordan, is the central figure in the popular “Creed” sequel franchise that started in 2015. Carl Weathers, Sylvester Stallone and Michael B. Jordan at the 'Creed ' film premiere, Los Angeles, in November 2015. He spoke to the camera while standing in front of a painting that depicted a scene the pair shared in one of the “Rocky” movies. “He was magic, and I was so fortunate to be part of his life,” Stallone said.
Persons: Carl Weathers, Pedro Pascal, Arnold Schwarzenegger, Sylvester Stallone, , Rocky ’, ” Weathers, Rocky ”, Michael B, Stallone, Weathers, , ” Stallone, Jordan, Chelsea Lauren, Weathers –, Arnold, Sly, “ I’ll, Matt Luber, “ Mandalorian Organizations: CNN, Variety, Penske Media Locations: , Los Angeles
Read previewThe labor market smashed expectations in January, adding 353,000 new jobs, far above economist forecasts of 187,000. Despite the strong headline number, however, there are signs that the job market is deteriorating beneath the surface. For one, the Bureau of Labor Statistics' household survey is showing some divergence from its payroll survey. "High labor and credit costs are beginning to materially impact corporate profits, which impacts both the labor market and (eventually) the default rate." Still, while there are signs of weakening, there are also signs of improvement in the labor market.
Persons: , Jeff Schulze, today's, Shulze, Louis Fed, Lance Roberts, Ian Shepherdson, Lauren Goodwin Organizations: Service, Federal Reserve, Business, of Labor Statistics, BLS, of Labor, ClearBridge Investments, RIA Advisors, National Federation of Independent Business, Pantheon, Bank of America's Global, New York Life Investments, ClearBridge
Josephine Baker, Still Moving
  + stars: | 2024-01-30 | by ( Emily Labarge | ) www.nytimes.com   time to read: +1 min
There was no shortage of epithets for Josephine Baker, the St. Louis-born polymath who took Paris by storm when she arrived there in 1925, aged 19, to headline “La Revue Nègre,” a show of all-Black performers at the Théâtre des Champs-Élysées. The French graphic designer Paul Colin said he’d never seen anyone move like her: “Part kangaroo, part prizefighter. A woman made of rubber, a female Tarzan.” To the writer Colette, a rumored lover, she was “a most beautiful panther,” and to Ernest Hemingway, “the most sensational woman anyone ever saw.” Over the next decade, she was also called “Black Venus,” “Black Pearl” and “Creole Goddess.”It is the Baker of this era — doing her scantily clad “danse sauvage” — who still looms large in the cultural imagination. She was an Art Deco icon who was inducted into France’s Panthéon in 2021 and honored by Beyoncé on her recent “Renaissance” tour. A new exhibition at the Neue Nationalgalerie in Berlin presents Baker in the round — not as an object of entertainment, but as an artist and an activist.
Persons: Josephine Baker, Louis, , Paul Colin, he’d, Colette, Ernest Hemingway, , Pearl ”, Baker, , France’s, Beyoncé Organizations: France’s Panthéon, Neue Locations: Paris, Berlin
CNBC Daily Open: U.S. economy's state of play
  + stars: | 2024-01-25 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Jonathan Ernst | ReutersWhat you need to know todayThe bottom lineAll eyes will be on the state of the U.S. economy as the first official reading of fourth-quarter GDP data drops Thursday morning. "Data released [Thursday] may in retrospect turn out to document the one quarter of true 'Goldilocks' conditions," Citi economist Andrew Hollenhorst wrote. Since 2016, a slew of government data was published the day before the GDP report — namely, information on business inventories and trade, which are part of the GDP calculation.
Persons: Joe Biden, Jonathan Ernst, Andrew Hollenhorst, Ian Shepherdson, Shepherdson, , Jeff Cox Organizations: CNBC, Flex, Reuters, Citi, Pantheon Locations: U.S, West Columbia, South Carolina
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