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☆ The restaurant stocks that are killing it in this market have one thing in common
▼ + stars: | 2024-05-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

When a company performs well and I interview its CEO on CNBC, I consider the stock's performance before fashioning my questions. Maybe the company had been poorly run and the guest is a new CEO who is turning it around. Once Wood picks a stock, that company can do no wrong, which is code for she can do no wrong. And take it from me, an old Mexican restaurant veteran, it travels better than any other restaurant chain. We should have just bought Dutch Bros. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: Albert Manifold, Rather, That's, Chris Gibson, Jensen Huang, Huang, Gibson, Cathie Wood, Wood, that's, Brinker, Chipotle, Chipotle execs, Taco Bell, isn't, Yum, McDonald's, Laxman Narasimhan, Howard Schultz, let's, Narasimhan, Joe, Locker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: CNBC, Pharmaceuticals, Nvidia, ARK, Gallup, Darden, Diageo, Brands, KFC, Taco, Taco Bell, Texas, Starbucks, Management, Bros, Dutch Bros, Jim Cramer's Charitable, Starbucks Corp, Health, Education, Labor, Bloomberg, Getty Locations: United States, U.S, Dublin, Ireland, Europe, Texas, Olive, East, Israel, Washington , DC

☆ Wall Street wants answers from big banks about the economy
▼ + stars: | 2024-04-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Big banks kick off earnings season Friday. “Earnings season just became significantly more important,” said JJ Kinahan, chief executive of IG North America, in a Wednesday note. On one hand, lofty rates could help pad banks’ net interest income, since they can charge a higher borrowing rate for loans and mortgages. Inflation has been a bane on Biden’s presidency, with voters consistently giving him low marks for his handling of the economy. Fed Chair Jerome Powell has said that policymakers want to see more evidence that inflation is headed toward their 2% goal.

Persons: ”, JJ Kinahan, JPMorgan, Wells, You’ll, Carol Schleif, Wall, Jamie Dimon, “, Alicia Wallace, Friday’s, Joe Biden, ” Biden, Bryan Mena, Jerome Powell, Powell Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, IG North America, JPMorgan Chase, BlackRock, Citigroup, PNC Financial Services, BMO Family Office, Federal Reserve, Wall, Traders, Bureau of Labor Statistics, —, Federal, Fed Locations: New York, Wells Fargo, pare

☆ Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady
▼ + stars: | 2024-04-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Responders continue answering affirmatively at a higher-than-average rate, a top potato supplier indicated. It underscores the resilience of consumer spending, even as inflation pinches pocketbooks and pandemic savings dry up. A larger share of customers keep adding the iconic side to meal orders than in the past, according to frozen potato supplier Lamb Weston . Looking at the bigger picture, strength in the so-called fry attachment rate bolsters economic data, showing the willingness of average Americans to still shell out for everyday luxuries. "The fry attachment rate has stayed pretty consistent," said CEO Thomas Werner during the company's earnings call on Thursday.

Persons: Lamb Weston, Thomas Werner, It's Locations: America, U.S

☆ Cuba sees rare protests amid power cuts and food shortages
▼ + stars: | 2024-03-18 | by ( Patrick Oppmann | ) edition.cnn.com time to read: +2 min

Demonstrators took to the streets in at least four cities on Sunday to complain about hours-long power cuts and increasing food scarcity. The island has seen frequent power cuts and shortages of food, fuel, and medicine since the Covid-19 pandemic, prompting Cubans to flee to the United States in record numbers. US diplomats said Sunday they were monitoring the protests and called on the Cuban government to listen to the demonstrators. The Cuban government, which typically does not allow organized dissent, did not say how many protesters had been arrested. After island-wide demonstrations in the summer of 2021, more than 1,000 Cubans were put on trial and convicted of rising up against the communist-run government, according to human rights groups.

Persons: Miguel Diaz, Canel, Fidel Castro’s, Diaz Organizations: CNN, Cuban, country’s Communist Party, Twitter Locations: Santiago de Cuba, Cuba, United States, Miami’s, Cuban, Havana

☆ Why the scale of Putin's landslide win matters so much
▼ + stars: | 2024-03-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

As of 7 a.m. Moscow time on Monday, Putin has secured around 87% of the vote in the presidential election. This marks a record win for Putin, who took home 77% of the votes in 2018. His opponents — who are far from Putin's level of clout and influence — were pre-approved by Russia's election commission and posed no serious challenges to the incumbent leader. David Szakonyi, a political science professor at George Washington University, told Business Insider last week that voter turnout is an extremely important metric for Putin. AdvertisementTo be sure, there are other factors at play in Putin's victory besides Russia's strong economy.

Persons: —, Vladimir Putin, Putin, David Szakonyi, Szakonyi, Denis Volkov, Volkov, Alexei Navalny, Josef Stalin Organizations: Service, Business, George Washington University, Putin, Monetary Fund, Levada, New York Times, Times Locations: Moscow, Ukraine, Russia

☆ Book Tok drives demand for immersive fantasy events among younger users
▼ + stars: | 2024-03-17 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +12 min

Sometimes events are simply fantasy themed, without reference to specific books or fantasy worlds. Dreams shattered.”She attributes the growing demand for fantasy events to the commercial success of fantasy romance books, especially among Millennial women. The past year has also seen a spike in the popularity of “romantasy,” or romance fantasy books. “You know, work dredges on for a lot of people,” said Brittany Proctor, a Michigan-based entrepreneur who’s been hosting fantasy balls in the Midwest since 2022. In fact, Proctor is considering scaling back some of her events due to the sheer number of these fantasy balls that have been cropping up in recent years.

Persons: San Diego Comic Con, Con, Harry Potter, ”, Katherine Stinson, Eric Atticus, Stinson, Dana John, “, she’s, Alexander Chernev, Matt Harris, Sarah J, Maas, Patti McConville, Juliette Sureau, Sureau, Sophie Valfroy, “ romantasy ”, “ They’re, ” Juliette Sureau, Shaun Wada, Ariana Smoak Holly Simone, Tok, Simone, Shawn Strider, ” Stinson, Brittany Proctor, who’s, ” Maja Djikic, you’re, ” Djikic, Proctor, “ I’ve, I’m Organizations: New, New York CNN, Social, Allied, Research, Disney, Universal, San Diego Comic, TikTok, CNN, Stinson, Northwestern’s Kellogg School of Management, Barnes, Noble Booksellers, Times, Google, “, University of Toronto Locations: New York, Canada, Houston, Houston , Texas, Texas, New York City, USA, TikTok, Columbia , South Carolina, London, Los Angeles, Michigan, ”, Bahamas

☆ Talk of recession is dying down in corporate America
▼ + stars: | 2024-03-17 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

Ever since the Federal Rserve began raising interest rates in early 2022, corporations and investors have braced for how a recession might play out. The word recession came up on the fourth-quarter earnings calls of 47 companies in the S & P 500, according to market data platform FactSet. Almost half of the more than two dozen finance chiefs surveyed by CNBC said they expect the Federal Reserve to control inflation without a recession, a scenario known as a soft landing. Looking ahead to 2024, CFO Emma Giamartino said the Dallas-based company's full-year guidance is "contingent" on the Fed cutting short-term interest rates and the economy skirting a recession. "All indications are now that we're going to have more of a soft landing than a recession."

Persons: John Wall, Emma Giamartino, Giamartino, Richard Galanti, Galanti, Joseph Margolis, it's, Margolis, J, Thomas Hill, Marvin Ellison, Ellison Organizations: Federal, U.S, Cadence Design Systems, CNBC, Federal Reserve, Costco, Kirkland Signature, Hotels, Vulcan Locations: Dallas, Salt Lake City, North Carolina

☆ Merely winning has never been enough for Putin — and this year's presidential election is no different
▼ + stars: | 2024-03-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

There's little doubt Putin, 71, will win, even as the Ukraine war drags into its third year, analysts say. After all, his challengers — who were approved to run by the country's election commission — are far from his level of clout and influence. But for Putin, merely winning has never been enough — and 2024 looks no different. Putin needs to show that Russians really want him to leadFor Putin, it's not about winning. As Thomas Graham, a fellow at the Council on Foreign Relations, wrote on March 7, "Just winning has never been enough for Putin.

Persons: —, There's, Putin, it's, It's, Thomas Graham, David Szakonyi, Elvira Nabiullina, Nabiullina, they're, Vladimir Putin Organizations: Service, Business, International Monetary Fund, Council, Foreign Relations, George Washington University, Profit, Central Bank of Russia, Putin Locations: Ukraine, Russian, Policymaking, Russia, Polish

☆ Harvard researchers think they know why the booming economy still isn't being felt by average Americans
▼ + stars: | 2024-03-08 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Now, a group of them has created an interesting model that suggests much of people's dissatisfaction with the economy comes down to interest rates. In fact, the impact of rising interest rates isn't directly accounted for anywhere in the official CPI report — even though they've also contributed to surging car payments and made credit card debt much more costly. That's why the economists developed their own inflation measure, and they think it provided a more accurate prediction of economic sentiment. Cramer said additional evidence for the impact of interest rates on consumer sentiment has come in recent months. Between November and January, the Michigan consumer sentiment index saw its biggest two-month increase since 1991 — just as mortgage rates fell from their recent peak.

Persons: —, Judd Cramer, Larry Summers, they've, hasn't, Harvard's Cramer, Cramer, pocketbooks, it's, Joe Biden's Organizations: Service, Business, National Bureau of Economic Research, Harvard University, International Monetary Fund, of Labor Statistics, University of, Harvard, BLS, Federal, CPI, Federal Reserve Locations: Michigan

☆ New poll shows Biden losing some of his 2020 voters to Trump and lagging in support among women
▼ + stars: | 2024-03-02 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

The latest New York Times/Siena College poll shows Trump leading Biden 48%-44% among likely voters. Overall, Trump led Biden among likely voters 48% to 44% in the Times/Siena survey. In the Times/Siena poll, Trump led Biden among women by a 47% to 46% margin among likely voters. In the Times/Siena poll, 50% of likely voters rated the economy as "poor," while only 28% of voters rated it as "good" or "excellent." Among this group, Biden led Trump 47% to 44% among likely voters.

Persons: Trump, Biden, —, Joe Biden, Donald Trump, Nikki Haley's, she's Organizations: New York Times, Siena College, Biden, Service, Times, Trump, South Carolina Gov, Democratic, Biden's Locations: Siena, Israel

☆ Haley’s voters might decide Biden’s fate in November. Here’s why.
▼ + stars: | 2024-02-06 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +17 min

In New Hampshire, more than 4-in-5 Haley voters said Trump would not be fit to serve again if convicted and that Biden had legitimately won. In that poll, two-thirds of Haley voters in Iowa said they would not vote for Trump in a general election; that number soared past three-fourths of her voters in New Hampshire. One key reason: fully 93% of all GOP-leaning voters said they disapproved of Biden’s performance as president. Madrid believes Biden’s record on immigration is the biggest obstacle to him harvesting support among the Republicans uneasy about Trump. Lake doesn’t agree that any single issue is critical for Biden with the kind of GOP voters who have rallied to Haley.

Persons: Nikki Haley’s, Donald Trump, Haley, Biden, Joe Biden, Haley –, Trump, ”, Smith, Michael Madrid, “ Trump, “, SSRS, “ Donald Trump, that’s, Alan Abramowitz, Ron DeSantis, it’s, Democratic pollster, Biden’s, ” Madrid, Haley herself, ” Jennifer Horn, MAGA …, ” Jim McLaughlin, Trump’s, McLaughlin, Bill McInturff –, –, Lake, Jean Carroll, ’, Taylor Swift, Chris Wilson, Republican pollster, Wilson, ” Wilson, Lake doesn’t Organizations: CNN, South Carolina Republican, Trump, White, GOP, Republican, Democratic, Trump Lincoln Project, Washington Post, University of Maryland, Capitol, CBS, Republicans, NBC News, Republican Party, South, Emory University, Florida Gov, Edison Research, Haley Iowa, Monmouth University, ”, Biden, New Hampshire Republican, NBC, AP Locations: Iowa, New Hampshire, California, Madrid, Washington, South Carolina, ” Madrid, McInturff, Lake, Trump

☆ Trump floats ‘more than’ 60% tariffs on Chinese imports
▼ + stars: | 2024-02-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

US President Donald Trump and China's President Xi Jinping attend a business leaders event inside the Great Hall of the People in Beijing on November 9, 2017. The Washington Post first reported the Trump campaign was weighing a theoretical 60% Chinese tariff plan. Her disapproval echoes the concerns of Wall Street investors who worry that another China trade war would disrupt markets again. At the time, Deutsche Bank estimated that the trade war was causing the stock market to hemorrhage trillions. Trump has attacked Biden for appeasing China while simultaneously expressing cozy sentiments toward China's authoritarian president, Xi Jinping.

Persons: Donald Trump, Xi Jinping, Trump, Nikki Haley, Trump's, Donald Trump's, Haley, Joe Biden, Biden, Xi, Fox News's Sean Hannity Organizations: China's, of, People, GOP, Washington Post, UN, National Taxpayers Union, Wall Street, China, U.S, American Action, U.S ., China Business Council, Deutsche Bank, appeasing Locations: Beijing, U.S, China, appeasing China

☆ Biden campaign faces its greatest test: rebuilding his 2020 coalition
▼ + stars: | 2024-02-02 | by ( Jeff Zeleny | ) edition.cnn.com time to read: +8 min

This time around, he believes at least one thing is different: Biden can’t win through voters’ fear of Trump alone. Here in Michigan, which the president visited Thursday, rests one of the biggest tests of his campaign. Trump narrowly carried the state over Hillary Clinton in 2016 – by 10,704 votes – and four years later Biden defeated Trump by about 154,000 votes. Pro-Palestinian demonstrators gather in Warren, Michigan, on February 1, 2024, outside the venue where President Joe Biden was speaking. But, he said, the burden was on Biden and his campaign to spell out what he would do in a second term.

Persons: Charles Williams, Joe Biden, Donald Trump, Biden, Trump, ”, Williams, “, ” Williams, Jay, –, Hillary Clinton, “ He’s, Adam Abusalah, Abusalah, ” Abusalah, Biden ”, Jeff Kowalsky, Karine Jean, Pierre, Kevin Munoz, Sens, Kamala Harris, Cory Booker, Gretchen Whitmer, ” Biden, wouldn’t, Emani Williams, “ ’ Sleepy Biden ’, they’ve, ” Dante Parker, ” Parker, “ We’ve, Norman Clement, We’re, ” Clement, Biden hasn’t, Clement, “ I’m, didn’t Organizations: Detroit CNN —, Biden can’t, Historic King Solomon Baptist Church, Biden, White, Trump, Arab, Muslim, ”, Palestinian, Getty, “, CNN, Democratic, Michigan Gov, Renaissance High School, Detroit Change Locations: Detroit, Michigan, –, Wisconsin, Pennsylvania, America’s Great, Dearborn, Israel, Warren, Macomb County, United States, Warren , Michigan, AFP, Gaza

☆ Opinion | Why Ukraine and Gaza Are Even Bigger Than You Think
▼ + stars: | 2024-01-25 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +1 min

While the two battlefronts may look very different, they actually have a lot in common. On one side is the Resistance Network, dedicated to preserving closed, autocratic systems where the past buries the future. On the other side is the Inclusion Network, trying to forge more open, connected, pluralizing systems where the future buries the past. Who wins the struggles between these two networks will determine a lot about the dominant character of this post-post-Cold War epoch. Their hearts, and often pocketbooks, are with the Resistors but their heads with the Includers.)

Persons: Iran’s, Xi Organizations: West, Soviet, Resistance Network, Inclusion Locations: Ukraine, Israel, Arab, —, Russia, Iran, China

☆ Inflation has created a dark cloud over how everyday Americans view the economy
▼ + stars: | 2023-12-25 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

There's rising hope that monetary policymakers have successfully cooled inflation without tipping the economy into a recession. Yet closely watched survey data from the University of Michigan shows consumer sentiment, while improving, is a far cry from pre-pandemic levels. Inflation vs. the job marketContinued strength in the labor market is something economists expected to sweeten everyday Americans' views of the economy. While the Michigan index compiles questions focused on financial conditions and purchasing power, the Conference Board's more closely gauges one's feelings about the job market. A hot job market can be a double-edged sword for sentiment, Michigan's Hsu noted.

Persons: Scott Olson, Kyle Connolly, Connolly, she's, Joanne Hsu, we're, Hsu, That's, Camelia, Kuhnen, Michigan's Hsu, UNC's Kuhnen, Karen Dynan, Marissa Lyda, Lyda, She's, there's, There's, Harvard's, Dynan, Jerome Powell, Kevin Lamarque Organizations: Toyota, Facebook, Federal Reserve, University of Michigan, Bureau of Labor Statistics, Labor Department, Conference, University of North, U.S . Treasury Department, Walmart, Federal, Committee Locations: Chicago , Illinois, Florida's panhandle, Michigan, University of North Carolina, Harvard, Phoenix, Portland, Kroger, Washington , U.S

☆ What Will Motivate More People to Make Their Homes More Energy Efficient?
▼ + stars: | 2023-11-30 | by ( Lisa Ward | ) www.wsj.com time to read: 1 min

Researchers are examining whether social networks and connections can be leveraged to convince more households to make energy upgrades. Photo: Michael Conroy/Associated PressHow do you get people to reduce their home’s carbon footprint? The U.S. government hopes the answer is to appeal to their pocketbooks. As part of the Inflation Reduction Act, the government is rolling out increased federal tax credits and rebates to help offset the cost of energy-efficient upgrades such as electric heat pumps and added insulation, and adoption of clean-energy technologies such as rooftop solar.

Persons: Michael Conroy Organizations: Associated Locations: U.S

☆ The hidden expense that's sucking $74 billion out of the economy
▼ + stars: | 2023-11-30 | by ( Bartie Scott | ) www.businessinsider.com time to read: +14 min

They said rising costs kept the board from expanding amenities residents wanted, such as a shared composting system. jhorrocks/Getty ImagesRising price for peace of mindIn the constellation of household costs, insurance is often one of the lesser-noticed line items. But recently the rising cost of repairs and the frequency of damaging weather events have made the deal go sour. Rising insurance costs could inflict more pain on another bruised area of the economy: housing affordability. For this reason, insurance companies could decline to cover them or require costly upgrades before agreeing to a policy.

Persons: that'd, Mark Pauly, Tim Quinlan, you'll, Quinlan, it's, Francesco D'Acunto, D'Acunto, Pauly, they've, Nature, John Coletti, That's, Bartie Scott Organizations: Insurance, Research, Bank of America, Global, American, Casualty Insurance Association, University of Pennsylvania's Wharton School of Business, Insurance Information Institute, Georgetown University's McDonough School of Business, Social Security, National Flood Insurance, Business Insider's Locations: Logan, Chicago, Florida, Wells Fargo, California

WHAT'S HAPPENED SINCE THE LAST ONEThe world has gotten hotter since last year’s conference in Egypt. Burning fossil fuels that sends carbon into the atmosphere remains the main cause of global warming, and production continues to grow. Climate campaigners say efforts to develop wind, solar and other alternative energies are not going fast enough. Global warming has vast implications: It can upend local economies, worsen weather patterns, drive people to migrate, and cause havoc for Indigenous peoples who want to retain their traditional cultures, among many other impacts. Many want to know if oil-rich Gulf states will pony up more money to help developing countries adapt to climate change and switch to greener technologies.

Persons: ”, Petteri Taalas, Daniel, Hurricane Otis pummeled, King Charles, Narendra Modi, John Kerry, Olaf Scholz, Pope Francis, Sultan al, Jaber, Antonio Guterres Organizations: United Arab Emirates, Hamas, United, 28th “ Conference, Hurricane Otis, Indian, Cargill, AP Locations: DUBAI, United Arab, Israel, Dubai, United Arab Emirates, COP28, WHAT'S, Egypt, Brazil, India, Libya, Hurricane Otis pummeled Mexico, Europe, Paris, Abu Dhabi, Tokyo, Tegucigalpa, Timbuktu, Ukraine, Gaza, Antarctica, Argentina, Uruguay, ___

☆ U.S. crude oil tumbles below $75 a barrel after OPEC delays meeting
▼ + stars: | 2023-11-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

U.S. crude prices fell about 5% Wednesday after the Organization of Petroleum Exporting Countries delayed a pivotal meeting on production cuts that was scheduled for the weekend. There was growing anticipation among traders that OPEC and its allies, called OPEC+, might implement additional production cuts, which pushed prices higher earlier in the week. Domestic crude inventories, excluding the strategic reserve, increased by 8.7 million barrels for the week ending Nov. 17. OPEC+, for its part, has already taken 5.16 million barrels per day off the market since 2022. OPEC has blamed speculators for the recent drop in crude prices, arguing that market fundamentals are strong.

Persons: Brent, Tamas Varga, " Varga, Goldman Sachs, Varga Organizations: New Harmony Oil, Organization of Petroleum, The West Texas Intermediate, Bloomberg, OPEC, PVM Oil Associates, Energy Information Agency, Hamas Locations: U.S, Saudi, Russia, Ukraine, China, OPEC, Saudi Arabia, Israel, Gaza

☆ Analysis: The US presidential election is next year. Here’s what that could mean for stocks
▼ + stars: | 2023-11-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The US presidential election is less than a year away. Wall Street has a laundry list of uncertainties that it worries could threaten the current stock rally, including the upcoming presidential election. But history shows that stocks typically gain during the fourth year of presidential terms. The S&P 500 has gained 6.2% on average during the fourth year of presidential terms since 1932, according to Yardeni Research. That’s below the 13.5% gain the index has averaged during the third year of presidential terms since 1931.

Persons: ’, There’s, Darrell Crate, ”, Goldman Sachs, Joe Abbott, Abbott, Loretta Mester, Bryan Mena, Elisabeth Buchwald, Hawkish, Mester, Heidi Gartland, “, ” Gartland, Read, Niron, Peter Valdes, Niron Magnetics, Jonathan Rowntree Organizations: CNN Business, Bell, New York CNN, Federal Reserve, The New York Fed, Management, Investors, Research, Yardeni Research, “, CNN, Cleveland Fed, Reserve Bank, Cleveland, Regional, Bank, General Motors, China General Motors Locations: New York, East, Russia, Ukraine, Wisconsin, China, Minnesota

— In Virginia, polls close statewide at 7 p.m. — In Mississippi, polls close statewide at 7 p.m. local time (CT), which is 8 p.m. — In Pennsylvania, polls close at 8 p.m. — In Colorado, polls close at 7 p.m. MST, which is 9 p.m. — In New York, polls close at 9 p.m.

Persons: it's, Andy Beshear, Daniel Cameron, Beshear, Tate Reeves, Elvis Presley, Brandon Presley, Glenn Youngkin, Carolyn Carluccio, Daniel McCaffery Organizations: National Associations, State, Democrat, GOP, Republican Gov, Control, Republicans, Court, Colorado, HH, Richmond, — Locations: Rhode Island, Kentucky, Mississippi, Brandon Presley . Ohio, Ohio, Virginia, Virginia’s, — In Ohio, In Mississippi, Pennsylvania, — In Texas, Texas, Colorado, New York

☆ How the cost of homebuying and selling will change after landmark court loss over real estate commissions
▼ + stars: | 2023-11-07 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +4 min

A recent jury verdict against the National Association of Realtors and large residential brokerages could upend the residential real estate industry. Here's what real estate agents, homebuyers and sellers need to know about potential changes in residential real estate economics. A bad time for bad news in real estateThe jury verdict comes at a time when many real estate agents are already feeling a pinch. At a time when home sales are already under pressure, "this lawsuit is just another punch in the gut for real estate franchises," said Bill Gross, a self-employed real estate broker associate in California with eXp Realty. Lawsuits focused on fees reinforce the general trend of trying to lower fees in the real estate market, Schipani said.

Persons: Max, Mike DelPrete, Bill Gross, there's, Keefe, Ryan Tomasello, Gilbert J, Schipani, we've, Glenn Kelman Organizations: National Association of Realtors, NAR, realtors, Max Holdings, Federal, University of Colorado Boulder, eXp Realty, Tempus Fugit, Compass Locations: Missouri, Kansas City, St, Louis, Springfield, Columbia, U.S, California

☆ A time-honored investing strategy is under pressure. But don’t panic
▼ + stars: | 2023-10-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

New York CNN —An age-old investing strategy is losing its shine, but investors aren’t ready to cast it aside. Common wisdom suggests that when investors are fearful, stock prices tend to fall, and bond prices rise as people seek safer investments. When yields rise, bond prices fall, and Treasuries have been sinking in recent months. Those are characteristics of the perfect storm that sent the 60-40 portfolio nosediving in 2022. The 60-40 portfolio shed roughly 17% last year, its worst performance since 2008, according to data from Vanguard.

Persons: Bonds, Stocks, ”, Amy Arnott, Jerome Powell, Brian Henderson, Henderson, Chris Isidore, Marlon Pando, White Lotus, Alicia Wallace, — Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Vanguard, Morningstar, Treasury, BOK Financial, Auto, United Auto Workers, General Motors, Ford, GM, Wednesday, Disney Locations: New York, New Jersey, United States

☆ U.S. Economic Growth Accelerated in the Third Quarter
▼ + stars: | 2023-10-26 | by ( Lydia Depillis | More About Lydia Depillis | ) www.nytimes.com time to read: +1 min

And with layoffs still near record lows, workers have little reason to hold off on making purchases, even if it means using a credit card — an increasingly pricey option as interest rates drift higher. One beneficiary of those open pocketbooks is Amanda McClements, who owns a home goods store in Washington, D.C., called Salt & Sundry. Sales are up about 15 percent from last year and have finally eclipsed 2019 levels. “People can’t get enough candles; that continues to be our top seller,” Ms. McClements said. “We’ve been experiencing a really uneven recovery,” she said.

Persons: “ There’s, ”, Yelena Shulyatyeva, Amanda McClements, can’t, Ms, McClements, hadn’t, “ We’ve Organizations: BNP, “, Washington , D.C Locations: Washington ,

☆ Inflation is cooling, but the price hikes aren’t done
▼ + stars: | 2023-10-25 | by ( Lucy Bayly | Alicia Wallace | ) edition.cnn.com time to read: +8 min

Inflation in the United States has unquestionably cooled after hitting 40-year highs last year. Other key inflation gauges, the more comprehensive Personal Consumption Expenditures price index and the wholesale-focused Producer Price Index, have moderated as well. A spike in gas prices and other components such as persistently high shelter costs have kept inflation elevated. The locally owned Walnut Group restaurant company closed its venerable Mediterranean Restaurant (fondly called The Med), the French bistro Brasserie Ten Ten and the newer Italian entrant Via Perla. Courtesy Tim Romano PhotographyAlthough Brasserie Ten Ten had a nearly two-decade run before its closure, it was like starting a brand new restaurant, Hessel said.

Persons: Marlon Pando, White Lotus, Tony Hessel, he’s, Jerome Powell, Brandon Bell, —, ”, Lydia Boussour, United States —, Pando, “, Price, Frederic J . Brown, Mark Zandi, Chase Castor, hadn’t, Holly Wade, Peggy Romano, Romano, Brasserie, Tim Romano, Hessel, ” Hessel, you’ve, it’s Organizations: Minneapolis CNN —, Disney, Mexican Grill, White, Getty, Moody’s, National Federation of Independent, Washington Post, NFIB Research, shocker, Walnut Group, Via Perla Locations: Minneapolis, New Jersey, Boulder , Colorado, United States, Mexican, Austin , Texas, Alhambra , California, AFP, Marion , Kansas, —, Walnut

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