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☆ The one sector of the stock market that is cheap with upside today
▼ + stars: | 2024-09-29 | by ( Karen Firestone | ) www.cnbc.com time to read: +5 min

The table and chart below illustrate some characteristics of the biopharma stocks. The average price/earnings multiple for the group, using 2025 estimates, is 12.7 times versus 20.6 times for the S & P 500. A major knock on the biopharma group is the limited productivity from their extremely expensive research efforts, other than obesity drugs, over the past twenty-five years. The technology using AI might not be ready yet, particularly related to the complex biology of the human body. Complex programs exist already, such as AlphaFold, which predicts the structure of three-dimensional compounds using data on protein sequences.

Persons: Bristol Myers, Amgen, Eli Lilly, Lilly, Johnson Organizations: CNBC, Merck, Pfizer, Novo Nordisk, JPMorgan Locations: Bristol

☆ Dollar drifts, risk-sensitive currencies lifted by China optimism
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +4 min

The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. "This suggests a more cautious approach to interest rate cuts, prioritizing a balance between the Fed's employment mandate and keeping an eye on inflation risks." The risk-sensitive Australian and New Zealand dollars also held near multi-year highs due to China stimulus plans. AUD/On Thursday, China's leaders pledged to support the struggling economy through "forceful" interest rate cuts and adjustments to fiscal and monetary policies, stoking expectations for more stimulus.

Persons: Ryan Brandham, Sterling, China's Organizations: Federal Reserve, North America, Validus Risk, New, Communist Party, ING Locations: U.S, China, New Zealand

☆ WNBA viewership soars to new record, while attendance hits more than two-decade high
▼ + stars: | 2024-09-27 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

The Women's National Basketball Association's viewership and attendance boomed during the 2024 season, as the league's popularity soared due to young stars like Caitlin Clark and Angel Reese. The league's games drew more than 54 million unique viewers, an all-time record, across various networks including Disney 's ABC and ESPN, Paramount Global' s CBS, E.W. Scripps' Ion and NBA TV, among others, according to data the WNBA released on Friday. In addition, WNBA game attendance hit its highest level in 22 years, and grew almost 50% from the 2023 season, according to the league. Asked about the dynamic on CNBC earlier this month, WNBA Commissioner Cathy Engelbert did not explicitly condemn the vitriol toward players, sparking criticism from around the league.

Persons: Caitlin Clark, Destanni Henderson, Angel Reese, Scripps, Ion, Clark, Reese, Cathy Engelbert Organizations: Indiana, Atlanta, WNBA, Gainbridge Fieldhouse, Disney, ABC, ESPN, Paramount, CBS, E.W, NBA, Indiana Fever, Chicago Sky, Las Vegas Aces, CNBC Locations: Gainbridge, Indianapolis , Indiana, Portland

☆ 36-year-old mom making $10,000 a month or more in passive income: My best advice for starting a successful side hustle
▼ + stars: | 2024-09-26 | by ( Rachel Jimenez | ) www.cnbc.com time to read: +5 min

When I first heard about the concept of passive income in my 20s, I laughed at the idea. DON'T MISS: How to master your money and grow your wealth As a 36-year-old mom of two, I now make $10,000 in passive income or more every month from four passive income streams. No matter what kind of side hustle or passive income venture you are starting, thorough research can help you avoid costly mistakes. Schedule dedicated time each week to focus on and stick to your passive income goals. Studying successful passive income earners has taught me that success doesn't come from quick wins but rather slow and steady progress toward a specific goal over time.

Persons: they'll, doesn't, I've, hustles, Jimenez, Rachel Jimenez Organizations: Google, Gold City Ventures

6 Indiana Fever were defeated 87-81 in Game 2 by the third-seeded Sun to complete the best-of-three series sweep. Clark – who was named the unanimous AP WNBA Rookie of the Year on Sunday – led all scorers with 25 points and also had nine assists and six rebounds. Diana Taurasi plays what could be her last ever game as Lynx eliminate MercuryDiana Taurasi might have played her last ever WNBA game. She is a former MVP, three-time WNBA champion, six-time EuroLeague champion, six-time Olympic champion, 11-time WNBA All-Star and is widely considered to be one of the best women’s basketball players ever. She tied the WNBA playoff game scoring record with 42 points on 70% shooting, also recording five rebounds, four assists and two blocks.

Persons: Caitlin Clark’s, Clark –, –, ” Clark, “, ”, Clark, DiJonai Carrington, Jessica Hill, Boston, DeWanna Bonner –, Alyssa Thomas, Diana Taurasi, Napheesa Collier, Taurasi, that’s, Stephen Maturen, Griner, Natasha Cloud, Collier Organizations: CNN, Connecticut Sun, Minnesota Lynx, Indiana Fever, AP WNBA, WNBA, Indiana, Sun, Connecticut, Lynx, Phoenix Mercury, Target Center, Mercury, Las Vegas Aces, New York Liberty Locations: Iowa, South Carolina, Connecticut, Minnesota

☆ Domino's Pizza is not growing as much as it claims, investor says in new lawsuit
▼ + stars: | 2024-09-26 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Read previewAn investor has filed a class action lawsuit against Domino's Pizza, claiming the restaurant chain "overstated" its business and financial prospects. AdvertisementSpecifically, the company's annual global net store growth. The complaint says Domino's hosted its 2023 Investor Day that December, during which it discussed the long-term guidance for the annual global net store growth between 2024 and 2028. The class action lawsuit against Domino's Pizza Inc. is about its annual global net store growth. Despite investor concerns over its global net store growth, revenues at Domino's has grown.

Persons: —, Pizza, Bernstein Lierbhard, Russel J, Weiner, Sandeep Reddy, Justin Sullivan, Domino's, Matt Cardy, Stringer Organizations: Service, Pizza Enterprises, Business, Domino's, BI, Domino's Pizza Enterprises, Domino's Pizza, U.S, Company Locations: Michigan, Domino's

☆ Australian, New Zealand dollars scale new highs on China boost
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +3 min

An Australian one-hundred dollar banknote, top, and a New Zealand one-hundred dollar banknote are arranged for a photograph in Hong Kong, China, on Thursday, March 13, 2014. The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two years against a weaker dollar, as China's aggressive stimulus package provided the latest shot in the arm for risk appetite. Data on Tuesday showed U.S. consumer confidence unexpectedly fell in September, amid mounting worries over the health of the labor market. Against a basket of currencies, the dollar last stood at 100.28, languishing near a more than one-year low of 100.21. The dollar index had fallen more than 0.5% in the previous session, its largest one-day percentage fall in a month.

Persons: Sterling, Carol Kong, Wells Organizations: New, Bank of, Federal Reserve, Commonwealth Bank of Australia, greenback, Markets Locations: Australian, New Zealand, Hong Kong, China, Bank of England, U.S, Wells Fargo

☆ Salesforce may finally have found its AI footing. What it means beyond the initial hype
▼ + stars: | 2024-09-25 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Bowing to investor pressure, Salesforce has adopted a more disciplined approach to dealmaking, increasing the importance of internal product development. "Agentforce is the product announcement [Salesforce] investors have sought for years," Needham analysts wrote in a recent note to clients. Salesforce stock remains down about 13% from its 2024 peak close and record high of $316.88 a share on March 1. CRM 1Y mountain Salesforce's stock over the past 12 months. Analysts said Salesforce is cheap compared to peers on multiple valuation metrics with ample room to increase free cash flow ahead.

Persons: Salesforce, Jim Cramer, Agentforce, Mulesoft, Needham, Einstein, —, Jim, Bofa, Baird, Piper Sandler, Piper, Jim Cramer's, Marc Benioff, Salesforce's Dreamforce, Justin Sullivan Organizations: Wall Street, Nasdaq, Barclays, Saks, Investors, Bank of America, CNBC, Getty Locations: Dreamforce, San Francisco, San Francisco , California

☆ Only 33% of millionaires consider themselves wealthy, report finds. Why it's so hard to feel rich
▼ + stars: | 2024-09-23 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

More borrowers are carrying debt from month to month and a growing number are falling behind on their monthly credit card payments. Over the last year, roughly 9.1% of credit card balances transitioned into delinquency, the New York Fed reported for the second quarter of 2024. Nearly half, 44%, of Americans said credit card debt is the biggest threat to their ability to build wealth, according to Edelman Financial Engines. "High-interest rate credit card debt, more than other sorts of debt, is a savings killer, because when you have it, you have to feed the beast. Among millionaires, 68% said they would need at least $3 million and 40% said feeling wealthy would require $5 million of more.

Persons: Chatzky, — Organizations: Bureau of Labor Statistics, New York Fed, Edelman

☆ WNBA Playoffs: A’ja Wilson sparks comeback in three-peat hunt, Alyssa Thomas downs Fever with triple-double and more
▼ + stars: | 2024-09-23 | by ( Jamie Barton | ) edition.cnn.com time to read: +7 min

Wilson, quiet for so much of the contest, finished with a game-high 21 points, eight rebounds and five blocks. Newly crowned 2024 MVP A'ja Wilson drives to the basket in Game 1 against the Seattle Storm. Thomas also recorded a triple-double against Indiana in the first game of this year’s regular season. Connecticut Sun forward Alyssa Thomas looks for the open pass against the Indiana Fever in Game 1 of their first-round series at Mohegan Sun Arena. The Fever would never recover and now Indiana has to win Game 2 on Wednesday to keep its postseason alive.

Persons: A’ja Wilson, Becky Hammon’s, Tiffany Hayes, Wilson, Sheryl Swoopes, Lisa Leslie, Lauren Jackson, Kelsey Plum, A'ja Wilson, Barry Gossage, ”, Becky, Hammon, Sun’s Alyssa Thomas, Caitlin Clark, Caitlin Clark’s, Alyssa Thomas, Thomas, Joe Buglewicz, I’ve, Marina Mabrey, DeWanna Bonner, Bonner, “, doesn’t, Clark, ” Clark, Stephanie White –, Leonie Fiebich, Napheesa Collier, Sandy Brondello’s, Courtney Vandersloot, Brondello, “ Leo, We’ve, ” Brondello, she’s, Breanna Stewart –, Sabrina Ionescu, Haley Jones, Breanna Stewart, Corey Sipkin, Diana Taurasi, Collier –, –, Natasha Cloud, Taurasi Organizations: CNN, WNBA, Aces, Seattle Storm, Las Vegas Aces, Las, Las Vegas, Storm, Seattle, Seattle Times, Houston Comets, Indiana Fever, Indiana, Connecticut Sun, Mohegan Sun Arena, AP, Fever, AP WNBA, Liberty, Lynx, Atlanta, New York, New York Liberty, Minnesota Lynx, Phoenix Mercury, Mercury, New York Liberty Phoenix Mercury, Minnesota Lynx Indiana, Connecticut Sun Seattle Storm Locations: Las Vegas, Connecticut, Stephanie White – Indiana, Indiana, New York, New

☆ China stimulus calls are growing louder — inside and outside the country
▼ + stars: | 2024-09-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty ImagesBEIJING — More economists are calling for China to stimulate growth, including those based inside the country. His presentation Saturday at Renmin University's China Macroeconomy Forum was titled: "A basket of stimulus and reform, an economic revitalization plan to substantially expand domestic demand." "The elephant in the room is the property market," said Xu Gao, Beijing-based chief economist at Bank of China International. To restore confidence and stabilize the property market, Xu said that policymakers should bail out the property owners.

Persons: Liu Shijin, Liu, Goldman Sachs, China's, Xu Gao, Xu, Nomura, Gabriel Wildau, Teneo, Yi Gang, Wildau, Yi Organizations: China News Service, Getty, Development Research, State Council, CNBC, China Macroeconomy, Goldman, Bank of China International, Center for, People's Bank of China Locations: Beijing, China, BEIJING, Renmin, Center for China, U.S

☆ Not a 'caretaker': Meet Bob Menendez's extremely temporary replacement
▼ + stars: | 2024-09-23 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

I'm a senator," Helmy told me. "Whether you're here for a day, or three months, four months, or 40 years, you're a United States Senator." "I see myself as sort of continuing my prior roles as a staffer," Helmy told me. Sitting in Menendez's former office, Helmy also lamented the way the long-serving New Jersey senator's career came to an end. "Bob's office was the office you always competed with," Helmy noted, referencing his own time with Booker and former Sen. Frank Lautenberg.

Persons: George Helmy's, Helmy, you've, Sen, Bob Menendez, Phil Murphy, Menendez, I'm, Cory Booker, Bill Clark, who've, Joe Biden's, Patty Murray, Kamala Harris —, he's, Frank Lautenberg —, Helmy —, Chris Christie, Jeff Chiesa, Democratic Sen, Mo Cowan, John Kerry, Cowan —, —, George, — Mo Cowan, Chiesa, Booker, Booker aren't, Michael Bennet, Colorado Sen, John Hickenlooper, Murphy, Andy Kim, Tammy Murphy, Kim, Menendez's, Semafor, Bonnie Cash, Curtis Bashaw, Frank Lautenberg, there's Organizations: Service, Capitol, Garden State, Democratic Gov, Coptic, Getty, Pro Tempore, Society of, Republican, Democratic, State, Society, Colorado, Port Authority of New, GOP, New Jersey senator's Locations: Sen, New Jersey, States, Coptic American, Washington, Pennsylvania, Jersey, Massachusetts, Denver, Port Authority of New York, Garden

☆ These stocks should benefit the most as the Fed keeps lowering rates, analysts say
▼ + stars: | 2024-09-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

These companies are expected to benefit from lower interest rates over the long haul, according to analysts. They include Western Alliance , Best Buy, Coca-Cola, Zillow , UPS and FedEx. The analyst said he sees Best Buy as a key beneficiary of lower interest rates in several ways. He noted that Best Buy continues to be a worthy competitor to e-commerce juggernaut Amazon, pointing to a recent pricing study the firm conducted. Meanwhile, Best Buy shares remain undervalued compared to those of its peers in the sector, Chukumba added.

Persons: Zillow, Jay McCanless, McCanless, Wells, Chris Carey, Carey, Coke bottlers, Morgan Stanley, Anthony Chukumba, Chukumba, FedEx — Goldman Sachs, — D.A, Davidson Organizations: Federal, CNBC, Western Alliance, UPS, FedEx, Software, —

☆ WNBA round-up: Playoff picture set as record-breaking regular season comes to a close
▼ + stars: | 2024-09-20 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +7 min

The regular season came to a close on Thursday night with all 12 teams in action. Diana Taurasi, widely considered to be one of the best women’s basketball players of all time, addressed the Phoenix crowd on the court after what was possibly her final regular season game ever. It has been speculated that this will be Taurasi’s final season as an active player. Record crowd in attendance for Caitlin Clark’s final rookie regular season gameThis season has seen record highs in attendance and viewership, continuing right until the end of the regular season. Clark drives to the basket in the final regular season game of her rookie year.

Persons: Diana Taurasi, “ There’s, there’s, ”, Taurasi, Christian Petersen, that’s, Caitlin Clark’s, Caitlin Clark, Sabrina Ionescu, Clark, –, Charles Brock, “, Christie Sides, Sika Koné, Tina Charles, Charles, Sylvia Fowles, Rich von Biberstein, ” Charles, Fowles Organizations: CNN, WNBA, Mercury, Seattle Storm, Minnesota Lynx, Capital, Washington DC, Mystics, Indiana Fever, Washington, Atlanta Dream, New York Liberty, Atlanta, Liberty, New, Phoenix Mercury, Connecticut Sun, Las Vegas Aces Locations: Washington, Thursday’s, New York

☆ Stocks making the biggest moves premarket: Darden Restaurants, Nvidia, DoorDash, Coursera and more
▼ + stars: | 2024-09-19 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Darden Restaurants — Shares advanced nearly 11% after the restaurant operator announced a multiyear partnership with Uber for on-demand delivery later this year. The company reported weaker-than-expected quarterly earnings and revenue, however, as its sales weakened at Olive Garden and its fine dining restaurants. DoorDash — The food delivery stock rose more than 3% after an upgrade to buy from neutral at BTIG. Alibaba – Shares rose more than 4% after the Chinese e-commerce company launched more than 100 open-source artificial intelligence models and a text-to-video tool. FedEx — Shares rose more than 1% ahead of the shipping giant's first-quarter earnings report due after the bell.

Persons: Uber, Jefferies, chipmakers, FactSet, Alibaba, Max, Stocks, bitcoin, — CNBC's Sean Conlon, Alex Harring, Samantha Subin, Jesse Pound, Brian Evans, Sarah Min, Michelle Fox Theobald Organizations: Darden, Olive, NextEra Energy, Nvidia, Arm Holdings, Micron, Micron Technology, FedEx —

7:03 a.m.: Bernstein cuts price target on Nike amid innovation critiques Bernstein sees slightly less room for Nike to rebound. — Alex Harring 6:25 a.m.: Jefferies recommends buying NextEra Energy Partners despite buyout concern Jefferies came out of the gates optimistic on NextEra Energy Partners . Analyst Julien Dumoulin-Smith initiated coverage of the Florida-based renewable energy stock at a buy rating. — Alex Harring 5:54 a.m.: AI helps HubSpot compete, BofA says Bank of America is keeping an eye of HubSpot's artificial intelligence work. — Alex Harring 5:46 a.m.: JPMorgan says to sell Five Below JPMorgan turned bearish on Five Below , citing challenges that are hard to surmount for the value-focused retailer during a tough year.

Persons: Piper Sandler, Bernstein, Aneesha Sherman, Sherman, Alex Harring, BTIG, it's, Jake Fuller, Fuller, DoorDash, — Alex Harring, Jefferies, Julien Dumoulin, Smith, Hertz, Dan Levy, Levy, Avis, HubSpot, BofA, BofA's Brad Sills, Sills, monetization, Matthew Boss, Boss, Abbott, Adam Maeder, necrotizing, ABT, Maeder, Fred Imbert Organizations: CNBC, Laboratories, JPMorgan, Nike, Dow Jones, Jefferies, NextEra Energy Partners, Barclays, Hertz, Bank of America, LSEG, Abbott Laboratories Locations: Wednesday's, Florida, Thursday's premarket

☆ Dollar rebounds after Fed goes big on rate cut
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +4 min

The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets. The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets. Fed policymakers on Wednesday projected the benchmark interest rate would fall by another half of a percentage point by the end of this year, a full percentage point next year and half of a percentage point in 2026, though they said the outlook that far into the future is necessarily uncertain. "So to expect an easing today because of what the Fed has done seems a little bit too hard to believe." Elsewhere, the Australian dollar edged up 0.05% against its U.S. counterpart to $0.6768, while the New Zealand dollar advanced 0.04% to $0.6210.

Persons: Jerome Powell, it's, Rodrigo Catril, —, Eric Robertsen, Sterling, NAB's Organizations: U.S, Wednesday, Reuters, National Australia Bank, Bank of England, New Zealand Locations: U.S, Singapore

☆ Volatility looms as election season heats up. Fortify your portfolio against autumn market shocks
▼ + stars: | 2024-09-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

Recalibrate for risk Protecting your portfolio from sharp losses begins with understanding your comfort with risk and ensuring that your asset allocation reflects your long-term goals. "But over that period when markets were down, there were opportunities to harvest losses in stocks, individual names that experienced big pullbacks." And they've been a good buy for clients who are nearing retirement, seeking income and appreciate bonds' ability to offset stocks' volatility. Options for buffering losses Options are also playing a role in investors' portfolios as financial advisors try to mitigate volatility. Call options give investors the right to buy a stock at a specified strike price before a certain date.

Persons: Stocks, Goldman Sachs, Arun Prakash, Prakash's, Rafia Hasan, San, Hasan, they've, Andrew Herzog, We're, Herzog, he's, Gregory Guenther, Morningstar, " Guenther Organizations: Federal, Wealth Management, Fed, Treasury Bond ETF, SEC, GrantVest Financial Locations: San Francisco, Plano , Texas, Matawan , New Jersey

☆ A’ja Wilson sets single-season rebound record, New York Liberty and Minnesota Lynx clinch top seeds
▼ + stars: | 2024-09-18 | by ( Jamie Barton | ) edition.cnn.com time to read: +3 min

CNN —Las Vegas Aces superstar A’ja Wilson broke the WNBA single-season rebound record on Tuesday, picking up seven boards in an 85-72 win over the Seattle Storm. Despite making history once again on Tuesday night, Wilson was relatively indifferent to the record. Liberty and Lynx lock top two seedsMinnesota Lynx guard Kayla McBride shoots a layup against the Connecticut Sun. The Lynx are the hottest team in the league, having won seven in a row and going 13-1 since the Olympic break. Tuesday night’s WNBA scoresAway @ home (winners in bold)Minnesota Lynx 78-76 Connecticut SunNew York Liberty 87-71 Washington MysticsChicago Sky 70-86 Atlanta DreamLas Vegas Aces 85-72 Seattle StormPhoenix Mercury 85-81 Los Angeles Sparks

Persons: A’ja Wilson, Angel Reese, Wilson, I’m, “, Becky Hammon, ”, Kayla McBride, Erica Denhoff, Bridget Carleton, Napheesa Collier, Carleton, –, Alyssa Thomas ’, Betnijah Laney, Hamilton, Ariel Atkins, Scott Taetsch, Breanna Stewart Organizations: CNN, Las Vegas Aces, WNBA, Seattle Storm, Chicago Sky, Aces, Las Vegas, Sky, Connecticut Sun, Dallas Wings, ” Aces, Houston Comets, Liberty, Lynx, Minnesota Lynx, New York Liberty, Eastern Conference, Washington Mystics, New York, Mystics, Connecticut Sun New York Liberty, Washington Mystics Chicago Sky, Seattle Storm Phoenix Mercury, Angeles Sparks Locations: New

☆ What a Fed rate cut could mean for the world
▼ + stars: | 2024-09-18 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

watch nowThe U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact. Global impactA key concern is the pressure interest rate differentials put on currencies. Oil and other commodities, usually priced in dollars, often receive a boost with a rate cut as a lower cost of borrowing can stimulate an economy and increase demand. "Interest rate cuts reduce the cost of borrowing in U.S. dollars, thereby creating easier liquidity conditions for companies around the world," Quilter Cheviot's Richard Carter continued via email. That includes whether the initial cut will reduce the Fed funds rate by 25 basis points or 50 basis points below its current 525 to 550 range.

Persons: —, Richard Carter, Cheviot, Cheviot's Richard Carter Organizations: U.S . Federal, Turkish, U.S ., Fed, Federal, Equity Locations: U.S, Canada, Mexico, Switzerland, Sweden

☆ Goldman Sachs sees S&P 500 at 6,000 in 12 months, gives basket to play lower rates
▼ + stars: | 2024-09-16 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Wall Street investment bank sees the S & P 500 rising about 6% to 6,000 in the next 12 months from Friday's close of 5,626.02. "Resilient economic growth should lead to modestly higher bond yields while continued earnings growth drives modestly higher equity prices," David Kostin, Goldman's head of U.S. equity, said in a note to clients on Friday. Wall Street is counting on lower corporate and consumer borrowing costs to boost earnings growth and stock prices. With multiples flat, EPS growth will lead the S & P 500 modestly higher." Goldman believes stocks with a "long duration" could outperform in a falling interest rate environment.

Persons: Goldman Sachs, Goldman, David Kostin, Kostin, Russell, Goldman's Organizations: Federal Reserve, Electric, Rivian Automotive, Lucid, Costco Wholesale Locations: U.S, Friday's

☆ My dad sacrificed everything to retire early — only to die before he could enjoy it. I'll never recommend early retirement to anyone.
▼ + stars: | 2024-09-15 | by ( Rebekah Sanderlin | ) www.businessinsider.com time to read: +9 min

But his plan had always been to retire early. At 50, he could retire early, and have plenty of time to do whatever he wanted. AdvertisementThe author wearing the diamond studs her father bought for her, which she almost never takes out. That old designer diaper bag now serves as my laptop bag, a reminder of everything I learned from my dad. I plan to slow down as I age, but I don't plan on ever retiring.

Persons: —, I've, Rebekah Sanderlin, would've, hadn't, wouldn't, he'd, Christal Marshall, I'm, Jane Zhang Organizations: Service, Business, Sam's Club, Affordable, Medicare Locations: Hawaii

☆ Indiana Fever’s Caitlin Clark breaks WNBA single-season assists record in loss to Las Vegas Aces
▼ + stars: | 2024-09-13 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +3 min

CNN —Caitlin Clark added another milestone to her historic rookie campaign, breaking the WNBA single-season assists record in the Indiana Fever’s 78-74 loss to the Las Vegas Aces on Friday night at Gainbridge Fieldhouse. Clark entered the game needing just four assists to match the previous record of 316 set by Connecticut Sun guard Alyssa Thomas in 2023. Clark finished the game with 18 points, 9 assists and eight rebounds, while Mitchell led Indiana with 20 points in the loss. Caitlin Clark of the Indiana Fever celebrates a basket during the second half of a game against the Las Vegas Aces. After the game, Clark was asked about her record-setting night, as well as Wilson’s and Chicago Sky rookie Angel Reese’s milestones this season.

Persons: Caitlin Clark, Clark, Alyssa Thomas, Kelsey Mitchell, Mitchell, Emilee Chinn, Damiris Dantas, Chelsea Gray, A’ja Wilson, Gray, Angel, ” Clark, “, ” Organizations: CNN, Indiana, Las Vegas Aces, Connecticut Sun, Dallas Wings, Getty Images Indiana, Aces, Boston, Chicago Sky, Dallas, Washington Mystics Locations: Gainbridge, Indiana

☆ Just the Facts – The U.S. Economy and Your Pocketbook: Steve Ballmer Talks Through the Numbers
▼ + stars: | 2024-09-12 | by ( Sponsor Post | ) www.businessinsider.com time to read: +10 min

Between 2021 and 2022, average annual grocery prices were up 11.4%, the highest increase since 1979. In this episode of "Just the Facts," the US Economy and your Pocketbook. Let's take a look at the economy and how it is working or not working for you. To measure inflation, let's start by looking at the Consumer Price Index, or CPI. Between 2021 and 2022, average annual grocery prices were up 11.4%, the highest increase since 1979, and they grew another 5% between 2022 and 2023.

Persons: Steve Ballmer, USAFacts, COVID, it's, There's Organizations: Insider Studios, LA Clippers, Consumer, Federal Reserve, Real, Social Security Locations: America, United

☆ High lead levels found in cinnamon and spice blends from 12 brands, report finds
▼ + stars: | 2024-09-12 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

The next highest level was found in cinnamon powder from EGN (2.91 ppm), followed by Mimi’s Products ground cinnamon (2.03 ppm), ShopRite Bowl & Basket ground cinnamon (1.82 ppm), Rani Brand ground cinnamon (1.39 ppm), Zara Foods cinnamon powder (1.27 ppm), Three Rivers cinnamon stick powder (1.26 ppm), Yu Yee Brand five spice powder (1.25 ppm), BaiLiFeng five spice powder (1.15 ppm), Spicy King five spices powder (1.05 ppm), Badia cinnamon powder (1.03 ppm) and Deep cinnamon powder (1.02 ppm). told CNN via email that the company’s ground cinnamon products comply with all federal and international law. These include ground cinnamon and organic ground cinnamon sold by 365 Whole Foods Market, which contained 0.12 ppm and 0.02 ppm of lead, respectively. Morton & Bassett San Francisco 100% organic ground cinnamon, Loisa organic cinnamon and Sadaf cinnamon powder tested at 0.04 ppm of lead. The latest, published in August, listed 10 different cinnamon products with levels as high as 3.93 ppm of lead.

Persons: Paras, Rani, Yu Yee, EGN, Mimi’s, Nuria Lambert, Karen O’Shea, Alina Lasta, ” Guitar, Bassett, James Rogers, ” Rogers, Rogers, ”, Dr.Pieter Cohen, Cohen, we’re, ” Cohen, Courtney Rhodes, Rhodes Organizations: CNN, Consumer Reports, Mimi’s, ShopRite, Consumer, Mimi’s Products, Wakefern Food Corp, Badia Spices, FDA, American Spice Trade Association, World Health Organization, Food and Agriculture Organization, United, New York State Department of Health, US Environmental Protection Agency, WHO, Morton, Bassett San, WanaBana, Weis, Food and Drug Administration, Cambridge Health Alliance, Biden, Food Locations: Zara, Badia, United Nations, New York, Connecticut , New Jersey, Bassett San Francisco, Ecuador, Schnucks, Somerville , Massachusetts

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