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☆ S&P 500 returns 15% in the first half in an unusually smooth ride
▼ + stars: | 2024-06-29 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

A 15% year-to-date total return in the S & P 500 is the 21 st best run through June since 1900, according to Goldman Sachs. The S & P 500 since the October 2023 correction low is up 33% for an annualized total return pace of 56%. The S & P has gone eight sessions without a move of as much as half a percent. True in magnitude: The market-cap-weighted S & P 500 has outgained its equal-weighted version by more than ten percentage points this year. Not only haven't up days been broadly inclusive, the direction of the S & P 500 has been running inverse to the daily breadth over the past month.

Persons: Goldman Sachs, Sharpe, it's, we'd, I've, What's, Jeff deGraaf, Trump, We've, Poor's, what's Organizations: Nvidia, Walgreens, Nike, Apple, Technology, Communication Services Locations: hiccups

☆ The 10 U.S. places with the highest cost of living—No. 1 costs more than double the national average
▼ + stars: | 2024-06-29 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

The cost of living in Manhattan is more than twice the national average. The second- and third-most expensive places are Honolulu and San Jose, California, but in comparison, they are much more affordable. That's according to the Council for Community and Economic Research's Cost of Living Index, which measures regional price differences for everyday goods and services in 271 urban areas in the U.S. A composite score of 100 is the national average, and any score higher than 100 is above average. Data for the Cost of Living Index was collected from Jan. 1, 2024, through March 31, 2024.

Persons: isn't, That's Organizations: —, Council for Community, U.S, New, Angeles, CNBC Locations: New York, Manhattan, U.S, Honolulu, San Jose , California, Jose, Jose , California, Francisco, York, Brooklyn, Orange County , California, Long, Queens, Washington, Boston, New York City, Decatur , Illinois

☆ Here’s what it means when a company like Boeing faces criminal charges
▼ + stars: | 2024-06-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

While criminal charges against corporations are fairly common, the overwhelming majority are against small, closely-held companies. Earlier criminal settlement now at riskThe potential charges hanging over Boeing currently revolve around that January 2021 deferred prosecution agreement. They have argued Boeing should face new criminal charges and pay a fine as great as $24.9 billion. In May, the Justice Department said it was looking into bringing criminal charges against Boeing once again due to a potential violation of that January 2021 agreement. Arlen said it is common for smaller companies to be forced out of business by criminal charges and the penalties that follow.

Persons: ”, Jennifer Arlen, Arlen, Lindsey Wasson, ” Arlen, “, Max, David Burns, Mark Forkner, Eduardo Soteras, Arthur Andersen Organizations: New, New York CNN, Justice Department, Boeing, Dow Jones, New York University, Control, Max, Federal Aviation Administration, FAA, Alaska Airlines Flight, NTSB, Getty, Alaska Airlines, Prosecutors, CNN, Oil, BP, US Environmental Protection Agency, Ethiopian Airlines Locations: New York, China, Renton , Washington, Alaska, AFP

☆ Treasury yields rise as investors look to key data
▼ + stars: | 2024-06-27 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by over two basis points to 4.3411%. The 2-year Treasury yield was last at 4.7576% after rising by less than one basis point. U.S. Treasury yields were higher on Thursday as investors looked to economic data for hints about the outlook for the economy and monetary policy. Economic data slated for Thursday includes weekly initial jobless claims, May's durable goods orders and pending home sales figures, also for May. That comes after data released Wednesday showed that new home sales fell over 11% in May.

Persons: Dow, Dow Jones, Michelle Bowman Organizations: Treasury, Dow Jones, Federal

☆ Fact checking the CNN presidential debate
▼ + stars: | 2024-06-27 | by ( Cnn Staff | ) edition.cnn.com time to read: +69 min

CNN —President Joe Biden and former President Donald Trump faced off during CNN’s presidential debate in Atlanta Thursday night. From CNN’s Daniel DaleFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. From CNN’s Daniel Dale and Ella NilsenFormer President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on Thursday, June 27. From CNN’s Alicia WallaceFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. Kpler found that China imported about 511,000 barrels per day of Iranian crude in December 2020, Trump’s last full month in office.

Persons: Joe Biden, Donald Trump, Biden, Trump “, “, ” Trump, ”, Trump, ” John Kelly, servicemembers, Kelly, Jim Sciutto, Daniel Dale, Kaanita Iyer, Roe, Wade, That’s, Wade ”, Kimberly Mutcherson, “ Donald Trump’s, Maya Manian, Trump’s, Mary Ziegler, Davis, Ziegler, Ruth Bader Ginsburg, Roe should’ve, ’, Will Lanzoni, ” Biden, corpsman —, Hamid Karzai, CNN’s Haley Britzky, didn’t, Priscilla Alvarez, George Floyd, Tim Walz, Walz, Paul –, CNN’s Holmes Lybrand, Daniel Dale FACT, European Union won’t, Ella Nilsen, Jill Biden, Jake Tapper, Dana Bash, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, Austin Steele, CNN Biden, Tristen Rouse, CNN Tapper, Robert F, Kennedy Jr, Kennedy, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Iran “, Mike Pompeo, ” Pompeo, Tami Luhby Trump, CNN’s KFILE, weren’t, Hillary Clinton, affirmatively, it’s, what’s, –, Alicia Wallace, Obama, CNN’s Ella Nilsen, you’re, Biden’s, Hunter Biden, Joe Biden’s, Viktor Shokin, Shokin, CNN’s Marshall Cohen, “ It’s, Rick Muskat, CNN.So, Morgan, Katie Lobosco, Alvin Bragg’s, Bragg, Jack Smith, Smith, General Merrick Garland, Garland, Matthew Colangelo, Colangelo, I’ve, there’s, Iran haven’t, ” Matt Smith, Ali Vaez, Kpler, Gary Engelhardt, Jason Richwine, ” Richwine, Tami Luhby, Confederate, Robert E, Lee, marchthat, “ I’m, Elle Reeve, Ralph Northam, Jen Christensen, ” Trump’s, Ronald Reagan’s, Barack Obama, George W, ‘, ’ ” Trump, CNN’s Jen Christensen, Pelosi, Nancy Pelosi, “ Nancy Pelosi, …, Alexandra Pelosi, Aaron Bennett, Cherry, Christopher Miller, Miller, Charis Kubrin, CNN’s Catherine Shoichet, ” Kubrin’s, Graham Ousey, College of William & Mary, Erwan, George Washington, Marshall Cohen, ” Howard Gleckman, Gleckman, Emmanuel Saez, Gabriel Zucman “, Howard Gleckman, ” Gleckman Organizations: CNN, Trump, Homeland Security, SSRS, Marquette Law School, NBC, Gallup, ” Rutgers Law, American University, university’s Health, University of California, Atlanta, US Navy, Border Patrol, Border Patrol Council, National Guard, Minneapolis Former, Minnesota Democratic Gov, Minnesota National Guard, Guard, EU, European Union, US, European Automobile Manufacturers ’ Association, CNN US, Biden, House, CNN Biden's, CNN Biden, White House, Getty, Reuters, State, Medicare, Black, of Labor Statistics, Republican, Burisma Holdings, International Monetary Fund, Republicans, House Republicans, US International Trade Commission, US Customs, Deer Stags, Peterson Institute for International Economics, Justice Department, DOJ, DC, federal, Department, Democrat, Americas, Crisis, Social Security, Social, General Internal Medicine, “, Syracuse University, Center for Immigration Studies, Electoral, White, Nazi, US Centers for Disease Control, Former Virginia Gov, United, China Former, China, Hamas, ISIS, Trump’s, Democratic, Congressional, Capitol, Colorado Supreme Court, US Food, Guttmacher Institute, California Democrat, Capitol Police Board, Senate, District of Columbia National Guard, College of William &, NATO, Atlantic Treaty Organization, George Washington University’s Elliott School of International Affairs, Transatlantic, Urban, Brookings Tax, Urban Institute, ”, Tax, Center Locations: Atlanta, France, Afghanistan, Kabul, Jordan, Iran, Somalia, Yemen, Yakushima Island, Japan, Minneapolis, Portland, Minnesota , Minneapolis, St, EU, Georgia, CNN's, Washington ,, AFP, Lebanon, Israel, what’s, Paris, China, India, Russia, United States, Ukrainian, Ukraine, lockstep, American, Manhattan, New York , Georgia, Florida, Washington, New York, York’s, Mexico, Kpler, Malaysia, Charlottesville, Charlottesville , Virginia, White, Virginia, Northam, East, “, New York City, Saudi, al Qaeda, Texas, Colorado, California, Trump, Irvine, Germany, Berkeley

☆ Zaccharie Risacher: French players make history with top two picks in 2024 NBA Draft
▼ + stars: | 2024-06-27 | by ( Andrew Mcnicol | Jacob Lev | ) edition.cnn.com time to read: +3 min

The Atlanta Hawks took compatriot Zaccharie Risacher as the top pick this year at the event in Brooklyn, New York. The Washington Wizards took fellow Frenchman Alexandre Sarr with the second overall pick. “He gave me all his knowledge to this day, and it’s really special to have someone like him in my corner.”Two more French players featured in the draft’s top 30. With the sixth overall pick, the Charlotte Hornets selected 18-year-old power forward Tidjane Salaun, while the New York Knicks picked Pancome Dadiet in 25th. Excluding the new draftees, there are a total of 10 active French players in the NBA.

Persons: Frenchman, Victor Wembanyama’s, Zaccharie Risacher, JL, “, ” Risacher, Frenchman Alexandre Sarr, Alex Sarr, Timothy A, Clary, Olivier, ”, Sarr, it’s, Salaun, Pancome Dadiet, Tidjane Salaun, Sarah Stier, Melvin Ajinca, Armel Traore, “ Wemby ”, Rudy Gobert, Tony Parker, Joakim Noah Organizations: CNN —, NBA, San Antonio Spurs, Atlanta Hawks, ESPN, Washington Wizards, Perth, Australian National Basketball League, NBA’s Oklahoma City Thunder, Charlotte Hornets, New York Knicks, Spurs, France, Minnesota Timberwolves Locations: CNN — France, Brooklyn , New York, Bresse, France

☆ Asteroid Bennu has a surprisingly watery past, researchers say
▼ + stars: | 2024-06-27 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —An early analysis of a sample collected from the asteroid Bennu suggests that the space rock had an unexpectedly water-rich past — and it may have even splintered off from an ancient ocean world. But the compound from the Bennu sample is purer and has larger grains. Rocks and dust were collected from asteroid Bennu and returned to Earth by the OSIRIS-REx mission. Erika Blumenfeld/Joseph Aebersold/NASA“The sample we returned is the largest reservoir of unaltered asteroid material on Earth right now,” Lauretta said. “Each week, analysis by the OSIRIS-REx Sample Analysis Team provides new and sometimes surprising findings that are helping place important constraints on the origin and evolution of Earth-like planets.”

Persons: REx, ”, Jason Dworkin, OSIRIS, Connolly, Dante Lauretta, “, Erika Blumenfeld, Joseph Aebersold, ” Lauretta, Nick Timms, Harold Connolly Jr Organizations: CNN, NASA, Planetary, Goddard Space Flight, Japan Aerospace, Earth, University of Arizona, Bennu, Curtin University’s School of, Planetary Sciences, Rowan University’s School of Earth Locations: Greenbelt , Maryland, Tucson, Glassboro , New Jersey

☆ French players make history with top two picks in 2024 NBA Draft
▼ + stars: | 2024-06-27 | by ( Andrew Mcnicol | Jacob Lev | ) edition.cnn.com time to read: +3 min

The Washington Wizards took fellow Frenchman Alexandre Sarr with the second overall pick. “He gave me all his knowledge to this day, and it’s really special to have someone like him in my corner.”Two more French players featured in the draft’s top 30. With the sixth overall pick, the Charlotte Hornets selected 18-year-old power forward Tidjane Salaun, while the New York Knicks picked Pancome Dadiet in 25th. France has had a handful of prominent faces in the league’s history, most notably four-time NBA champion Tony Parker and two-time NBA All-Star Joakim Noah. Excluding the new draftees, there are a total of 10 active French players in the NBA.

☆ Stocks making the biggest moves midday: Walgreens Boots Alliance, Levi Strauss, International Paper and more
▼ + stars: | 2024-06-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Walgreens Boots Alliance — The stock plummeted more than 24.5% after the retail company reported third-quarter earnings results that missed Wall Street's expectations . Levi Strauss — The denim maker's stock tumbled 17.1% after revenue came in at $1.44 billion for the second fiscal quarter. International Paper — Shares of the paper manufacturing company fell nearly 8% following the news that Suzano is no longer pursuing a potential acquisition of the company. Hunterbrook Capital, a hedge fund Hunterbook is affiliated with, has a short position in the company's shares. Micron Technology — The memory chip stock shed nearly 7% after Micron Technology offered guidance that was roughly in line with expectations.

Persons: Levi Strauss, Suzano, Gary Friedman, AeroVironment, Goldman Sachs, Alex Harring, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Walgreens, Alliance, CVS, LSEG, Hunterbrook Media, Hunterbrook, Micron Technology, Arista Networks, Citi

☆ Even wealthy Americans are struggling to make ends meet
▼ + stars: | 2024-06-26 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

The survey finds a notable increase over the past year of consumers making $100,000 a year or more who are concerned about making ends meet over the next 12 months. That’s up from 21.3% of Americans in that income bracket concerned about making ends meet a year earlier. Among all consumers, about one in three (34.9%) said they are concerned about making ends meet, up from 28.7% a year earlier. Forty-one percent of those between 18 and 35 years old said they are concerned about making ends meet, compared with just 22% of those over 65. For instance, 32.3% of those making $100,000 to $149,999 said they are concerned about making ends meet in the next seven to 12 months, up from 26.5% a year ago.

Organizations: New, New York CNN, Federal Reserve Bank of Philadelphia, Philly Fed, Transportation Security Administration, TSA Locations: New York

☆ Stock market news: US stocks slide and bond yields rise as traders eye new economic data
▼ + stars: | 2024-06-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks ticked lower on Wednesday. Major averages ticked lower, while bond yields rose. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks slumped on Wednesday, with major averages down as bond yields rose as Nvidia shares wavered and investors eyed fresh economic data. Nvidia shares slid as much as 1.2% in early-morning trading before paring losses, trading about 0.25% higher shortly after the opening bell.

Persons: —, Morrison, Dow Jones, Michelle Bowman Organizations: Nvidia, Service, Fed, Treasury, Here's

☆ Stock market today: Indexes rise as traders await new data
▼ + stars: | 2024-06-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Mega-cap tech rose, though Nvidia wavered through the session. Meanwhile, traders are awaiting upcoming inflation data for further guidance on rate cuts. Nvidia shares wavered, selling off earlier in the day before edging slightly higher to close the session. Tech stocks moved slightly higher broadly on Wednesday, with the Nasdaq Composite climbing throughout the day. Meanwhile, traders are bracing for Personal Consumption Expenditures inflation, the Fed's preferred inflation measure, to roll out on Friday.

Persons: —, Dow Jones Organizations: Nvidia, Service, Treasury, Tech, Nasdaq, Amazon, Here's

☆ Here are 3 key things we're watching in the stock market Wednesday afternoon
▼ + stars: | 2024-06-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Amazon CEO, Andy Jassy speaking with CNBC's Jim Cramer on Mad Money in Seattle, WA.

Persons: Jim Cramer, Jim Cramer's, Jim, Andy Jassy, CNBC's Jim Cramer, Mad Organizations: CNBC, Apple, Netflix, Federal Reserve, Web Services, Micron, Jefferies, Walgreens, McCormick, Jim Cramer's Charitable, Amazon Locations: Seattle , WA

☆ Australia's central bank says policy is restrictive, causing households pain
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +1 min

Australia's central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. Australia's central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. In a speech on the banking industry in Melbourne, Reserve Bank of Australia Assistant Governor Christopher Kent said interest rates of 4.35% were contributing to slower growth of demand and lower inflation. "We know that many are feeling a painful squeeze on their finances because of higher interest rates," said Kent, noting mortgage payment has already increased to a record 10% of household disposable income. The RBA has raised interest rates by a whopping 425 basis points since May 2022, but has held steady for five straight meetings with inflation running at 3.6%, well above its target band of 2%-3%.

Persons: Christopher Kent, Kent Organizations: Reserve Bank of Australia Locations: Melbourne

☆ 2024 NBA Draft: France dominates with Zaccharie Risacher, Alex Sarr, Tidjane Salaun leading Round 1
▼ + stars: | 2024-06-26 | by ( Joe Vardon | ) www.nytimes.com time to read: +7 min

Atlanta selected Risacher from a muddled top tier that included Sarr, Connecticut center Donovan Clingan and wing Stephon Castle, and Kentucky guard Reed Sheppard. His team played in France’s top pro league and a second division of teams competing all across Europe. Saluan is 6-foot-9 and averaged 9.6 points and 4.0 rebounds playing for Cholet in France’s top pro league. For the first time, the NBA Draft is being held over two nights, with Round 1 happening Wednesday at the Barclays Center and Round 2 on Thursday. The Athletic has live coverage of the 2024 NBA Draft.

Persons: Zaccharie, Alex Sarr, Risacher, Victor Wembanyama, Adam Silver, Pacome Dadiet, ” Risacher, “, C’est, Conn, Reed, ear,, urs, ade, Ris, ike V, win,, ike, Johns, Fran, Risa, Bo u, J ohn, olli, H, Pitts, Sal, eli, ober, teena, ees — Ris, feder, James ’ son,, ron, kel, cori Organizations: NBA, Atlanta Hawks, Bourg, Washington Wizards, Perth, Charlotte Hornets, New York Knicks, ntu, ust, rtl, ”, Ris, ntr Locations: Lyon, France, New York, Toulouse, French, Brooklyn, Antonio, laye, in Fr

Goldman Sachs initiated coverage of Disney with a buy rating and a price target that implies more than 20% upside. Elsewhere, Piper Sandler raised its price target on Uber, calling for nearly 25% upside. Analyst Jonna Kim simultaneously raised her price target to $30 from $28, citing a likelihood in earnings upside. As a catalyst, Kim cited "potential upside to FY24 Street estimates given solid topline momentum combined with margin expansion on continued inventory & expense management." — Lisa Kailai Han 5:41 a.m.: Goldman Sachs initiates Disney with a buy rating Disney has room for upside growth ahead, according to Goldman Sachs.

Persons: Goldman Sachs, Raymond James, Piper Sandler, TD Cowen, Jonna Kim, Kim, Lisa Kailai Han, Jeff Chung, Chung, — Lisa Kailai Han, Ranjan Sharma, Sharma, Uber, Thomas Champion's, AMZN, Michael Ng, Ng, Raymond James downgrades, RJ Milligan, Milligan, PENN, Fred Imbert Organizations: CNBC, Disney, Penn Entertainment, Navy, Citi, IHS, Volkswagen, JPMorgan, Google, Yahoo, Uber, ESPN, Netflix, Disneyland, Raymond James downgrades Penn Entertainment, NFL, Penn Locations: 2024E, 2025E, Singapore, TikTok, Indonesia, Philippines, Malaysia, Monday's

☆ A labor slowdown could ruin America's soft-landing hopes and cause a 10% stock correction, Morgan Stanley CIO says
▼ + stars: | 2024-06-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

A weakening jobs market could trigger a 10% stock correction, says Morgan Stanley CIO Mike Wilson. He told Bloomberg that if non-farm payrolls fall under 100,000, it could break the soft-landing narrative. AdvertisementThe job market could make or break stocks, with any sudden weakness possibly triggering a meaningful correction, Morgan Stanley CIO Mike Wilson told Bloomberg TV. Mike Wilson said. For this reason, current market highs make sense, he told Bloomberg, as investors load in on quality on growth trades.

Persons: Morgan Stanley, Mike Wilson, Wilson, — Organizations: Bloomberg, Treasury, Service, Federal Reserve

☆ Outrage over an $18 Big Mac sparked a consumer revolt that finally got companies to listen
▼ + stars: | 2024-06-25 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New CNN —Pop quiz: How much does a Big Mac, fries and a fountain beverage – also known as a Big Mac combo meal – cost? In a recent letter, Joe Erlinger, president of McDonald’s USA, said $18 for a Big Mac combo was the “exception” and not the norm across all 13,700 restaurants in the country. The thing is: It doesn’t really matter that virtually no one is paying anything close to $18 for a Big Mac combo. “The average price of a Big Mac in the US was $4.39 in 2019,” Erlinger said in his recent letter. Behold: Price cuts and value menusI’d be willing to bet Erlinger was made aware of the viral $18 Big Mac combo post not long after it took off.

Persons: It’s, Joe Erlinger, Erlinger, it’s, They’re, ” Erlinger, aren’t, haven’t, Price, Christopher Kempczinski, they’ve, Ian Borden, they’re Organizations: CNN, McDonald’s, Mac, Consumer, Walgreens, Walmart, Wendy’s Locations: Connecticut, McDonald’s USA, Amazon

☆ Hedge funds are dumping tech stocks, especially chip names, heading into the second half
▼ + stars: | 2024-06-25 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Hedge funds are rotating out of tech stocks, especially winning chipmakers, after strong gains in the first half, according to data from Goldman Sachs' prime brokerage . The Wall Street investment bank said chip stocks now make up 4.3% of overall net exposure on its prime book, down from a five-year high of 5.8% at the start of June. The sale of tech stocks by hedge funds coincided with a retreat in the sector, led by Nvidia , the biggest beneficiary from the artificial intelligence boom so far. The stock fell about 6.7% Monday, adding to its 4% decline last week that snapped an eight-week winning streak. While hedge funds dumped tech names, they were rotating into financial stocks for a second straight week and at the fastest pace since December, Goldman said.

Persons: Goldman Sachs, Goldman, Jensen Huang Organizations: Technology, Goldman . Semiconductor, Nvidia, Microsoft Locations: U.S

☆ China growth worries have hit a big alcohol stock. Why some analysts see a buy opportunity
▼ + stars: | 2024-06-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

"Flying Fairy," a 53% alcohol from Shanghai-listed Kweichow Moutai , saw wholesale prices drop by more than 5% in a week. He agreed the drop in wholesale prices won't have a big impact on Moutai's immediate earnings. What's also different about Moutai's stock decline is that investors aren't rushing in to bottom fish as they have in the past, Ye said. "The recent wholesale price drop we think is mostly triggered by the arbitragers in the market," Morningstar's Song said. She expects wholesale prices to increase in coming months given major Chinese holidays in the fall.

Persons: stoking, That's, Jennifer Song, Song, Kweichou Moutai, Ye Yuhua, What's, Ye, Moutai, Huatai, Moutai's, Goldman Sachs Organizations: Nomura, Morningstar, Stock, Capital, Financial Holdings, JPMorgan, Macquarie Locations: Shanghai, Guangzhou, Hainan

☆ Why Mount Rainier is the US volcano keeping scientists up at night
▼ + stars: | 2024-06-23 | by ( Katie Hunt | ) edition.cnn.com time to read: +10 min

Yet, more than Hawaii’s bubbling lava fields or Yellowstone’s sprawling supervolcano, it’s Mount Rainier that has many US volcanologists worried. “Mount Rainier keeps me up at night because it poses such a great threat to the surrounding communities. Mount Rainier, a snowcapped volcano, looms over Puyallup Valley near Orting, Washington. Mount St. Helens, which cataclysmically erupted in May 1980, ranked as second most hazardous before Mount Rainier in third place. USGS Cascades Volcano Observatory geophysicist Rebecca Kramer works on station PR05, part of the Mount Rainier lahar detection network.

Persons: Liev Schreiber ”, Mount Rainier, ” Jess Phoenix, Liv Schreiber, ”, Ed Ruttledge, Rainier, Seth Moran, Colombia’s Nevado, … you’ve, ” Bradley Pitcher, ” Pitcher, Mount, del Ruiz, “, Hawaii’s, Jacques Langevin, Sygma, Moran, ” Moran, Rebecca Kramer, Rob Mertens, Dergan, Roald Reitan, CNN’s, ” Reitan Organizations: CNN, Sunday, Union of Concerned, Mount Rainier, Geological Survey, . Geological, Colombia’s, Columbia University, Geologists, Mount, Helens, Washington State Fairgrounds, Mount Rainier . U.S . Geological Locations: Mount, Washington, Rainier, Tacoma, South Seattle, Mount Rainier, Pacific, Puyallup, Orting , Washington, Vancouver , Washington, Ruiz, Armero, ”, Mount St, Helens, Colombia, Puget Lowlands, Valley, Alder, Mount Rainier . U.S, Sumner, Bonney, Orting, White, Carbonado

According to data from Zillow, 30-year mortgage rates are currently 6.55%, and 15-year mortgage rates are currently 5.96%. Mortgage rates could decrease more dramatically if the Fed decides to cut rates. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. Sky high mortgage rates have pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they've, you'll, Fannie Mae Organizations: Zillow, Mortgage, Association, Sky Locations: Zillow, Chevron

☆ How much a single person needs to earn to live alone in the 25 largest U.S. cities
▼ + stars: | 2024-06-22 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

You'll need to earn around $25 per hour to live on your own in the United States' 25 largest cities. But in nearly half of the 25 largest cities, the living wage is double that of the local minimum wage. Having employer-sponsored health insurance certainly helps: It shaves roughly $2 off the hourly living wage in the 25 largest U.S. cities, according to EPI's estimates. BostonHourly wage to cover basic costs: $34.02Hourly minimum wage: $153. DetroitHourly wage to cover basic costs: $19.70Hourly minimum wage: $10.33Want to be a successful, confident communicator?

Organizations: San, Boston, ., Seattle, Denver, Orlando, Inland, Miami, Phoenix, Tampa, Dallas, Houston, CNBC Locations: United States, That's, San Francisco, Boston, San Antonio, Detroit, . New York, Diego, Washington, Los Angeles, Atlanta, Portland , Oregon, Inland Empire, California, Chicago, Philadelphia, Baltimore, Minneapolis, St, Antonio

☆ 14 stocks with the highest dividend yields that are rated 'strong buy' according to Wall Street analysts
▼ + stars: | 2024-06-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +1 min

Dividend payouts hit a record high during the first quarter of 2024. Below are 14 names with the highest yields among buy-rated stocks, according to TipRanks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Amid rising profits, US companies paid a record $164.3 billion in dividends to shareholders in the first quarter, according to the Janus Henderson Global Dividend Index. And there's more to come: S&P 500 companies are forecast to increase dividend payments by 6% this year, a step up from the 5.1% growth last year, according to S&P Dow Jones Indices.

Persons: —, you've, Janus Henderson, Walt Disney, Dow Organizations: Service, Meta, Mobile, Dow Jones, Business

☆ Eli Lilly expects FDA decision on weight loss drug Zepbound for sleep apnea as early as end of the year
▼ + stars: | 2024-06-21 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

Eli Lilly presented the new data from the trials at the American Diabetes Association's 84th Scientific Sessions in Orlando, Florida, on Friday. An estimated 80 million patients in the U.S. experience the disease, Eli Lilly said in a press release. Disease resolution for OSA is defined as a patient having fewer than five AHI events per hour, according to Eli Lilly. Eli Lilly on Friday reiterated that Zepbound met the main goal of the trial, which was reducing AHI events. Eli Lilly previously announced that the FDA granted Zepbound "fast track designation" for patients with moderate-to-severe OSA and obesity.

Persons: Eli Lilly, Zepbound, Patrik Jonsson, Jonsson, Leonard Glass, —, Eli Lilly's Organizations: Food and Drug Administration, Diabetes, CNBC, OSA, FDA Locations: Orlando , Florida, U.S

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