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However, there's an easy way to invest in real estate without breaking the bank or even leaving the couch: buying real-estate stocks, which BMO Capital Markets finds increasingly attractive. But, contrary to what many investors believe, higher rates don't always hurt real-estate stocks, Belski wrote. AdvertisementThe market's misleading narrative about real-estate stocks has made the group remarkably cheap relative to its solid fundamentals, in Belski's view. "The severity of underperformance appears mismatched with the fundamental underpinnings of the group," Belski wrote. 13 real-estate stocks set to outperformInvestors looking to diversify their portfolios should consider 13 stocks in the real-estate sector with outperform ratings from BMO Capital Markets.
Persons: , Brian Belski, Belski, it's Organizations: Service, Business, BMO Capital Markets, BMO, doesn't Locations: Montreal
First-class travel has exhibited special strength, though management noted that can be tied in part to a resurgence of business trips. People taking these loans are more likely to be lower-income with no more than a high school diploma, Lanier said. Daniel Acker | Bloomberg | Getty ImagesFrozen food maker Tyson Foods has seen consumers shifting more to eating at home than the quick-service restaurants it supplies. It's also important to remember that lower-income Americans were feeling financial pressures before the pandemic, said Tyler Schipper, an associate professor of economics at the University of St. Thomas in Minnesota. Airbnb touted interest in travel to events like the Paris Olympics and the European Cup in Germany this summer.
Persons: there's, It's, Christophe Le Caillec, underscoring, Blair Lanier, Lanier, McDonald's, Tyson, Daniel Acker, Tyson Foods, Stanley Black, Decker, Jane Fraser, CNBC's Sara Eisen, Fraser, Nancy Lazar, Piper Sandler, Tyler Schipper, Thomas, Schipper, Eric Thayer, We've, Cliff Pemble Organizations: TSN, American Express, Federal Reserve, CNBC, People, University of Michigan, San Francisco Federal Reserve, U.S, PepsiCo, Bloomberg, Getty, Tyson, Management, Adobe Analytics, Furniture, Citigroup, University of St, Airlines, Delta Air Lines, JetBlue Airways, Caribbean . Booking Holdings, Paris Olympics, European, Ticketmaster, Cedar Fair, Flags, Wayfair, Garmin Locations: America, U.S, Minnesota, New York, Germany, Valencia , California
Americans say it’s the worst time ever to buy a home
  + stars: | 2024-05-09 | by ( Matt Egan | ) edition.cnn.com   time to read: +4 min
Just 21% say it’s a good time to buy a house, according to a Gallup survey released Thursday. An overwhelming majority of Americans — 76% — say it’s a bad time to buy a house. Young Americans seeking to buy a home have been confronted by a toxic one-two punch of record-high home prices and painful mortgage rates. For context, in April 2019, the final reading before Covid-19, 61% of Americans polled by Gallup said it was a good time to buy a house. Mortgage rates top 7%Americans started to sour on the housing market as mortgage rates spiked and home prices surged after Covid.
Persons: ” Jeffrey Jones, White, , Lawrence Yun, ” Yun Organizations: New, New York CNN, Gallup, Young, homebuyers, National Association of Realtors, Federal Reserve, NAR Locations: New York, That’s
I quit after working at Disney World for three months through the Disney College Program. AdvertisementIt was always my dream to work at Disney World, and in 2019, it came true when I was hired through the Disney College Program. Most of the College Program employees were reallocated to other parts of the Disney property, even though Epcot's next festival was starting soon. Even though I only had about a month left in my College Program, I quit after a couple of days of training at Magic Kingdom. It's taken me some time to neutralize my feelings toward DisneyMy feelings toward Disney World have shifted a lot since I started working there.
Persons: , Jordyn Bradley, Epcot's, It's, I've, I'm Organizations: Disney, Disney College Program, Service, Epcot, Wine, College Program, Magic Kingdom, Program Locations: Florida, Michigan
But that wasn't enough for Wall Street, with the stock diving as much as 11% following the earnings report, its worst daily decline in 18 months. Related storiesWhile Disney+ added 6.3 million new subscribers in the quarter, its total number of streaming subscribers, 153.6 million, was below Wall Street estimates by about 2 million. AdvertisementThe sharp move lower highlights the high standard Wall Street has set for Disney's streaming portfolio, which includes Disney+, Hulu, ESPN, and India's Hotstar. So far, that doesn't appear to be happening, at least not at a quick enough pace for Wall Street. And while Disney's streaming business is moving in the right direction overall, it will likely still be a bumpy ride ahead for the unit to deliver consistent profits.
Persons: , India's, Hugh Johnston, Geetha Ranganathan, Kevin Organizations: Service, Business, Disney, ESPN, Netflix, Wall, Wall Street, Bloomberg Intelligence Locations: Hulu, India
Editor’s note: Runner and writer Emily Halnon’s new book, “To the Gorge: Running, Grief, and Resilience & 460 Miles on the Pacific Crest Trail,” was released on May 7. CNN —When my mom died, I spent a lot of time trying to stuff away my grief. My mother felt the weight of cancer, but she insisted on continuing to live in her wholehearted way. I was worried the Pacific Crest Trail run would be too much. But as I kept training, I discovered that running was one of the best places to process my grief.
Persons: Emily Halnon’s, , Miles, , I’d, didn’t, She’d, that’d, you’ll Organizations: CNN, Pegasus Locations: Eugene , Oregon, Oregon, Vermont, Eugene, Salt Lake City, Willamette, Griefville
The stock market looks poised to fall from its extreme heights, legendary investor John Hussman said. Hussman said the stock market is mirroring the extremes leading up the 1929 crash. The S&P 500 has broken a series of record highs this year, and has regained momentum in recent days after a lackluster month in April. AdvertisementHussman's firm is expecting the S&P 500 to underperform Treasury bonds by 9.3% a year for the next 12 years, based on his firm's internal metrics. Just 39% of investors said they were bullish on stocks over the next 6 months, according to the AAII's latest Investor Sentiment Survey.
Persons: John Hussman, Hussman, he's, Organizations: Service, Investment Trust, Investor
"These numbers on abortion have gigantic implications for just about every large company in America," said Cyrus Beschloss, the CEO of The Generation Lab. The CNBC/Generation Lab survey was conducted between April 26 and May 2, and has a margin of error +/- 3.1%. Sour on the economyThe survey also found that respondents had a negative opinion of an economy many would consider robust. The survey showed that 54% of respondents feel inflation impacts them the most in "the cost of food." Offered two options of how the government should proceed with TikTok, a large majority — 70% — of survey respondents said it should "allow TikTok to keep operating as usual."
Persons: Elijah Nouvelage, Cyrus Beschloss, they're, Roe, Wade, Jerome Powell, Powell, Delano Saporu, Saporu, Joe Biden, Steve Cohen, workweek, Kennedy, Biden, Donald Trump, Daniel Steinle Organizations: Emory University, AFP, Getty, CNBC, U.S, Federal Reserve, New Street Advisors, Congress, New York Mets, Biden, Trump, Bloomberg Locations: Atlanta , Georgia, USA, America, Washington, U.S, Waukesha, Waukesha , Wisconsin
The last six weeks have seen the long-simmering feud between the Compton, Calif.,-born rapper Kendrick Lamar and the Canadian rapper Drake turn into a full-fledged beef, with confrontations delivered in the form of diss tracks. But the squabble didn’t boil over until April 30, when Mr. Lamar released “Euphoria,” a six-and-a-half minute dressing down of the “Nice for What” rapper. On Friday, Drake replied to “Euphoria” and another track, “6:16 in L.A.,” with “Family Matters,” which has more than 15 million views on YouTube. Caught in the middle of this culture-consuming rivalry is New Ho King, an unassuming restaurant in Toronto’s Chinatown. The mention from Mr. Lamar, a Pulitzer Prize-winning rapper, led to a flood of five-star reviews on Yelp and Google for New Ho King, many of them written by people who had never set foot in the restaurant.
Persons: Kendrick Lamar, Drake, Lamar, Ho King, Mr Organizations: YouTube, New Ho, Google Locations: Compton, Calif, L.A, Ho, Chinatown, New, Toronto
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
CNN —In her 2024 Netflix special “Have It All,” stand-up comedian Taylor Tomlinson has a bit about coming out as bisexual. It can sour otherwise happy events, such as Pride Month in June or Bi Visibility Day in September. I attended my first Pride events, ranging from campus events in 2014 to local parades in 2019, as the straight person I was pretending to be. I continued second-guessing myself, so much so that I could hardly enjoy Pride events. It’s the piece I was missing at my early Pride events, when I was too busy quantifying my behavior and assuming I came up short.
Persons: Natalie Schriefer, CNN —, Taylor Tomlinson, someone’s, ’ ”, Tomlinson, ” Natalie Schriefer, Natalie Schriefer It’s, Hugh Jackman, she’s, , Privately, unworthiness, Margot Robbie Organizations: CNN, Netflix, Rights, Bisexual Resource, Connecticut Gay, American, of, Twitter, Facebook Locations: Pride, bi.org, U.S
When voters in England and Wales go to the polls on Thursday to elect mayors and local council members, the outcome will inevitably be seen as a barometer for Britain’s coming general election. Given the sour public mood and the Conservative Party’s dire poll ratings, the storm clouds are already forming. The big question is not whether the governing Conservatives will lose seats — that is a foregone conclusion among pollsters — but whether the losses will exceed or fall short of expectations after 18 months in which the Tories have consistently trailed the opposition Labour Party by yawning margins. “If a party has been 20 points behind the opposition for 18 months, how much worse can it get?” said Tony Travers, a professor of politics at the London School of Economics. “The losses would have to be very, very bad for it to be viewed as a negative result for the Conservatives, and they are unlikely to be good enough for Labour for it to be viewed as a success.”
Persons: pollsters, , Tony Travers Organizations: Wales, Conservative, Conservatives, Tories, Labour Party, London School of Economics, Labour Locations: England
Ukrainian servicemen ride on an armored personnel carrier in a field near Chasiv Yar, Donetsk, on April 27, 2024, amid the Russian invasion of Ukraine. The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China. The U.S. Treasury Department imposed sanctions on nearly 200 targets and the State Department designated more than 80 in one of the most wide-ranging actions against Chinese companies so far in Washington's sanctions aimed at Russia. China's support for Russia is one of the many issues threatening to sour the recent improvement in relations between the world's biggest economies. "The Chinese side firmly opposes the U.S.'s illegal unilateral sanctions," he said.
Persons: Janet Yellen, Antony Blinken, Yellen, Liu Pengyu Organizations: The U.S . Treasury, State Department, The U.S, Treasury, World Trade Organization, U.S Locations: Chasiv Yar, Donetsk, Ukraine, United States, Russia, China, The U.S, The, Hong Kong, Washington, U.S
Bitcoin's break below $58,000 on Wednesday clears a path for it to fall as low as $50,000, Standard Chartered said in new research. The crypto's decline has been driven by rising ETF outflows and falling US liquidity levels. AdvertisementDeteriorating conditions are denting the Bitcoin rally, with this week's drop below $60,000 putting it en route for an even lower price range. According to commentary from Standard Chartered, the apex token could temporarily reach as low as $50,000, signaling an over 13% drop from current levels. Among these are shrinking investments in spot bitcoin ETFs, funds that first sparked the rally at the year's start.
Persons: , Geoff Kendrick, Kendrick, Mike Novogratz, he's Organizations: Chartered, outflows, Service, Standard Chartered, FX Locations: Hong Kong
Technical analyst Rob Ginsberg said in a note to clients late Tuesday that the recent bounces for the S & P 500 and the Nasdaq-100 look suspiciously like "bear flags," an ominous chart pattern. "Equities ended the month on a sour note, as last week's dead cat bounces stalled out beneath resistance. A "bear flag" is a technical pattern that sometimes develops during short-term bounces in a broader market decline. Last week, the S & P 500 rose 2.7%, its best weekly performance since November. Ginsberg said in the note that he sees potential downside to the 4,800 level on the S & P 500, which would equal a further decline of about 4.5%.
Persons: Rob Ginsberg, doesn't, Ginsberg Organizations: Wolfe Research, Nasdaq
Markets are widely expecting the Fed to keep interest rates unchanged. The outlook for rate cuts this year continues to sour, with traders pricing in just one or two cuts by December. AdvertisementUS stocks were mostly lower on Wednesday as traders waited for the Federal Reserve to announce its next move on interest rates. Investors have also dialed back their outlook for rate cuts throughout the year. At Wednesday's meeting, market watchers expect Powell to formally confirm this shift from the FOMC, which had previously forecast three rate cuts this year," Alex Kuptsikevich, a senior market analyst at FxPro said in a note.
Persons: Stocks, , Richard Flynn, Charles Schwab, Powell, Alex Kuptsikevich, FxPro Organizations: Service, Federal Reserve, Open Markets, Traders
AdvertisementIt also reported that he tried to save time on other sets by peeing in Voss water bottles, which upset some crew members. He pees in a Voss water bottle and his team or a PA has to dispose of it." When speaking to Esquire ahead of 2021's "Red Notice," Johnson admitted that he pees in water bottles during his lengthy workouts because the gyms he goes to don't have bathrooms. "Any reporting that implies that we got to this point with him showing up seven-eight hours late to set is both ridiculous and false." Representatives for Johnson and Amazon MGM Studios did not immediately respond to a request for comment from Business Insider.
Persons: , Dwayne, Johnson, there's, Adam, didn't, antihero, Johnson's, peeing, TheWrap, doesn't, It's, Dwayne Johnson Organizations: Service, WWE, Business, DC Studios, Amazon MGM Studios, Seven Bucks Locations: Voss, Hollywood, Seven
S&P 500 futures slipped Tuesday night as investors looked ahead to the Federal Reserve's rate policy decision. Futures linked to the broad market index slipped 0.22%, while Nasdaq 100 futures dropped 0.42%. During Tuesday's main trading session, the Dow and S&P 500 both shed more than 1%. Bond yields jumped after the first quarter's employment cost index came in higher than anticipated, reigniting worries that the Fed will keep interest rates high. "The concern is that the Fed will definitely be slower to lower interest rates," said CFRA chief investment strategist Sam Stovall.
Persons: reigniting, Dow, Jerome Powell, Sam Stovall, Kraft Heinz, DoorDash Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Amazon, Dow, Traders, Fed, Pfizer, Kraft, CVS Health, Qualcomm Locations: New York City
The Venice Biennale and the Art of Turning Backward
  + stars: | 2024-04-24 | by ( Jason Farago | ) www.nytimes.com   time to read: +1 min
There is a sour tendency in cultural politics today — a growing gap between speaking about the world and acting in it. In the domain of rhetoric, everyone has grown gifted at pulling back the curtain. We are losing faith with so many institutions of culture and society — the museum, the market, and, especially this week, the university — but cannot imagine an exit from them. I’ve just spent a week tramping across Venice, a city of more than 250 churches, and where did I encounter the most doctrinaire catechism? It was in the galleries of the 2024 Venice Biennale, still the world’s principal appointment to discover new art, whose current edition is at best a missed opportunity, and at worst something like a tragedy.
Locations: Venice
CNN —President Joe Biden called on his administration to ratchet up pressure on the Chinese steel industry as he brings his economic competition pitch to Pittsburgh, the heart of the American steel industry, on Wednesday, part of a three-day campaign trail swing through battleground Pennsylvania. The trip comes after Biden last month publicly opposed a controversial $14 billion deal for Japan’s Nippon Steel to purchase US Steel. President Biden will not impose ineffective, across-the-board tariffs that would increase costs and harm hundreds of thousands of jobs,” the official said. The United Steelworkers, a key union representing workers in the steel industry, endorsed Biden’s reelection campaign last month. Trump made tariffs against China a central feature of his global economic strategy, and Biden has largely maintained them, despite external criticism.
Persons: Joe Biden, ” Biden, Biden, Donald Trump, Katherine Tai, , Tai, Lael Brainard, ” Brainard, “ They’re, ” , , Biden’s, he’s, Trump, Xi Jinping, Lloyd Austin, CNN’s Chris Isidore, Arlette Saenz, Kevin Liptak Organizations: CNN, United Steelworkers, United States Trade, National Economic, of, Japan’s Nippon Steel, US Steel . US Steel, Justice Department, Foreign Investment, US Steel, , American, steelworkers, Biden, Trump Locations: Pittsburgh, Pennsylvania, China, America, Scranton, Philadelphia, New York City, United States, American
New Gallup data reveals the US has fallen behind many G7 countries in key indicators. 26% of Americans struggled to afford food in 2023, and confidence in the military has fallen. Related storiesThe US spends more on its military than most of the G7 countries combined, though confidence has progressively fallen over the last few years. US confidence in the military fell to a new low of 81% — and for the first time, US confidence fell below another G7 nation, France. Japan, the lowest of the G7 countries, was only 8%.
Persons: , Donald Trump's, Trump, Roe, Kevin McCarthy, Gallup, Benedict Vigers Organizations: Gallup, Service, Biden, House, Department, Pew Research, Representatives, OECD Locations: U.S, France, Afghanistan, Biden's, Italy, United Kingdom, Japan, Canada
A group of stocks are about to form a chart pattern that suggests investors are bearish: the worrisome death cross. A death cross encompasses a price chart pattern that emerges when a stock's 50-day moving average slips below its 200-day moving average. Moreover, a death cross is also touted as a predictor of a forthcoming bear market pattern. CNBC used data from FactSet to screen for stocks that are approaching a death cross, and found four names including fast-food giant McDonald's and athleisure brand Lululemon . McDonald's is once again flashing a death cross signal.
Persons: McDonald's, FactSet, Lauren Silberman, LULU, Oppenheimer, Brian Nagel, , Nick Wells Organizations: CNBC, Alonyal, Deutsche Bank, FactSet Locations: Israel
"Happiness" also seems to reference Gatsby, Daisy, and the infamous green light. Swift said it's about "the realization that maybe the only path to healing is to wish happiness on the one who took it away from you." Also in verse two, Swift sings pointedly, "I hope she'll be a beautiful fool / Who takes my spot next to you." Finally, Swift makes Gatsby's influence clear by using the book's most famous symbol. In "The Great Gatsby," the green light at the end of Daisy's dock represents Gatsby's undying love (or obsession, depending on how you look at it).
Persons: Daisy, Taylor, Swift, Nick, Gatsby Organizations: Warner, Illicit Affairs
Among them, it's highest in the legal profession: Indeed found that average workers saw their paychecks grow at a 5.7% pace in March 2024 versus a year earlier. Strong wage growth doesn't necessarily translate to a high salary, though. By comparison, software developers make $66.40 an hour and $138,110 annually on average, according to BLS data. For example, workers in accommodation and food services saw annual earnings growth peak at 16.1% in December 2021, according to ZipRecruiter data. By comparison, it found that those in the information sector saw growth peak at 7.8% in September 2022.
Persons: Julia Pollak, Allison Shrivastava, Pollak Organizations: Maskot, Workers, Finance, it's, CNBC, U.S . Bureau of Labor Statistics
Gen X musicians often inspire Rodrigo's music. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Rodrigo has long paid dues to her Gen X predecessors, calling them a huge inspiration to her music. On her most recent album, "GUTS," the singer told Rolling Stone that she tapped into tunes from the all-woman ensemble Babes in Toyland to help craft "All-American Bitch" — a song questioning misogynistic expectations. It's clear that she's gaining some street cred among Gen X: Of course, she is buddies with Stefani.
Persons: Olivia Rodrigo, Gwen Stefani, Rodrigo, Stefani, Gen, , It's, Willow, Jada Pinkett, Smith, Alanis Morissette's, Rodrigo's, Fiona Apple, Rolling Stone, Billie Joe Armstrong, Jack White, White, She's Organizations: Service, Nylon Magazine Locations: Coachella
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