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☆ Investors may need to get more pessimistic before selling capitulates and stocks bottom
▼ + stars: | 2024-09-11 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Investors haven't become super pessimistic on stocks since the recent volatility bout began. Specifically, the firm's Crowd Sentiment Poll — a gauge for intermediate market sentiment — shows excessive optimism among investors after dipping to neutral last month. NDR's nearer-term daily trading composite, meanwhile, points to more neutral sentiment. Wall Street is also anxiously looking ahead to the U.S. presidential election in November. So bottom line: It may take another bout of selling to shake out the weak bullish investors and restart the long-term trend.

Persons: Ned Davis, London Stockton, Goldman Sachs downgrades, Morgan Stanley, Richard Ramsden Organizations: Ned Davis Research, London, Reserve, U.S Locations: NDR's

☆ These 5 recession indicators have escaped the danger zone after flashing economic red flags
▼ + stars: | 2024-04-12 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Five recession indicators that were flashing a warning sign about the economy have since retreated. AdvertisementVarious economic indicators that suggested a recession was imminent not too long ago have since retreated, according to Ned Davis Research. That means investors probably don't have to worry about an economic recession occurring any time soon. AdvertisementThese are the five recession indicators that are no longer flashing red as the resilient US economy continues to power forward. In February, the LEI ticked up 0.1% and the Conference Board no longer expects a recession," Kalish said.

Persons: Ned Davis, Joseph Kalish, Kalish, Board's LEI, LEI Organizations: Ned Davis Research, NDR, Gross, GDI, Conference Board

☆ Grindr won its first batch of Wall Street initiations. Here's what analysts are saying
▼ + stars: | 2024-04-07 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

About a year and a half after going public, Grindr is starting to win Wall Street's praise. Over the past two weeks, three investment firms began coverage of the dating platform focused on LGBTQ+ men. That focus, once something seen as taboo or unappealing in society, is a plus for analysts, who say the qualities typically associated with gay men make them a solid consumer base to cater toward. "While LGBTQ[+] acceptance is rising, Grindr can help gay men meet for a wide range of purposes under a wide range of societal conditions." "Grindr has established itself as the leading LGBTQ+ social dating app through strong brand awareness, despite its relatively nascent tech.

Persons: Grindr, Raymond James, Andrew Marok, Marok, Nicholas Jones, Jones, GRND, LSEG, Bumble, TD Cowen, John Blackledge, Raymond James ' Marok, Blackledge Organizations: U.S

Post's price target increase is in line with his move on the GAAP price-to-earnings multiple to 22 from 21. — Alex Harring 6:39 a.m.: Melius moves to sidelines on Boeing Boeing has too many areas of concern, Melius Research warned. Analyst Robert Spingarn downgraded the plane maker to hold from buy and slashed his price target by $71 to $209. Analyst Filippo Falorni upgraded the cosmetics stock to buy from neutral and hiked his price target by $15 to $175. Analyst Brennan Hawken downgraded the investment asset manager to neutral from buy and cut his price target by $5 to $135.

Persons: Grinder, Justin Post, Meta, — Alex Harring, Eli Lilly, Andrew Baum, Baum, Novo, Robert Spingarn, Spingarn, LSEG, Alex Harring, Filippo Falorni, Falorni, Estee Lauder, Lauder, Tom Ford, Le, Blackstone, Brennan Hawken, Hawken, JMP, Nicholas Jones, Jones, Grindr, Christopher Dendrinos, Dendrinos, — Fred Imbert Organizations: CNBC, RBC, GE, of America, Citi, Indianapolis, Boeing Boeing, Melius, Boeing, Dow Jones, Coca, Cola, Beverage, Travel, UBS, GE Vernova, New York Stock Exchange Locations: Monday's, Asia Pacific, Asia

☆ The odds of a global recession keep going down
▼ + stars: | 2024-02-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Ned Davis Research said economic indicators suggest the odds of a global downturn are diminishing. "The global economic lull we saw in the second half of 2023 appears to be abating." In a note published Tuesday, they highlighted that economic indicators across manufacturing, supply chains, and equities suggest the odds of a global recession have come down. On a historical basis, it's still below the long-term average of 53.2, but the global composite PMI has a recession threshold of 47.8. "This puts our breadth measure closer to pre-pandemic levels, when global expansions typically saw services breadth at 85% or higher."

Persons: Ned Davis, —, Alejandra Grindal, Patrick Ayers, Goldman Sachs Organizations: Ned Davis Research, Service, PMI, NDR Locations: China, India, East, Japan, Canada

☆ Many Ukrainian soldiers were killed in Mariupol, but survivors faced further hell in brutal Russian captivity
▼ + stars: | 2024-01-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +17 min

Ukrainian officials say tens of thousands of people were killed, but Mariupol's actual death toll remains unknown. Their goal was to break our will — to break our resilience," said Tetiana, the Ukrainian mother whose surname has been intentionally withheld. "We didn't really feel the beginning of the war," Oleksandr said, but that quickly changed. Many soldiers were killed at Azovstal, and those who survived also ended up in Russian captivity. Hi, I'm in Ukraine, mom ❤️Ukrainian defender Oleksandr Didur calls his dearest person after being released from almost 14 months of #Russian captivity.

Persons: —, Mariupol, Vladimir Putin, Evgeniy, Oleksandr Didur, Russia's, Oleksandr, Oleksandr didn't, Shrapnel, Ramzan Kadyrov, Stringer, Alexander Ermochenko, cale, ong, ade, evastating, ake, ince Organizations: Service, Business, Ukraine's 36th Marine Brigade, Associated Press, Anadolu Agency, Getty, United Nations, REUTERS, ust Locations: Russia, Mariupol, Ukrainian, Moscow, Ukraine, Azov, Crimean, Donbas, Russian, Kyiv, Azovstal, Ukraine's, Donetsk, Olenivka, oman, ife, rauma

☆ Wall Street will seek confirmation the Fed is done in next week's big inflation data
▼ + stars: | 2023-11-10 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Economists polled by FactSet expect U.S. inflation to have risen just 0.1% last month and 3.3% from the year-ago period. Cracks in consumer data Investors will also watch for the October retail sales data for insight into the consumer, who has thus far proven resilient even in the face of higher interest rates and inflation. Investors will also be watching for the October producer price index (PPI) data on Wednesday, as well as housing data on Friday. Monday Nov. 13 Earnings: Tyson Foods Tuesday Nov. 14 8:30 a.m. CPI (October) 8:30 a.m. Hourly Earnings final (October) 8:30 a.m. Average Workweek final (October) Earnings: Home Depot , Charles Schwab Wednesday Nov. 15 8:30 a.m.

Persons: Amy Magnotta, It's, There's, Gregory Daco, he'll, Ned Davis Research's, Joe Kalish, NDR's Kalish, Jeff Klingelhofer, Magnotta, Tyson, Charles Schwab, John Williams Organizations: Federal, Dow Jones Industrial, Nasdaq, Federal Reserve, Ategenos, FactSet, Thornburg Investment Management, Walmart, CPI, PPI, Retail, Palo Alto Networks, Price, Philadelphia Fed, Manufacturing, . New York Federal Reserve, . Kansas City Fed Manufacturing, Ross Stores, Body, Housing Locations: . New, NAHB, . Kansas, Bath

☆ Grindr loses about half its workers after trying to make them come back to the office
▼ + stars: | 2023-09-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The dating app told employees to start working from an office 2 days a week or lose their jobs. The Communication Workers of America union said about 80 of its 178 workers rejected the RTO order. Last month the LGBTQ+ dating app told employees to starting work in the office two days a week from October or face dismissal after August 31. A representative for Grindr told Bloomberg the union claims were without merit and that it was "returning to the office in a hybrid model in October." Google has been telling employees to show up at the office three days a week since April 2022, and Meta followed suit in June.

Persons: Grindr, Grindr didn't, Meta Organizations: Communication Workers of America, Service, Communications Workers, America, Bloomberg, United, CWA, National Labor Relations Board, Wired, Tiga Acquisition Corp, Beijing Kunlun Tech, Vicente, Meta, Google Locations: Wall, Silicon, Chicago , Los Angeles, San Francisco Bay, Beijing Kunlun, Delaware

☆ Grindr has a reputation for its hookup culture, but the company says a quarter of its users are there to network. The CEO says he even hired people through the app.
▼ + stars: | 2023-08-20 | by ( Lloyd Lee | Sebastian Cahill | ) www.businessinsider.com time to read: +4 min

One of the first associations with Grindr, an LGBTQ+ dating app, that comes to mind for Omar Alexis is hookups. Grindr told Insider about 25% of its users reported using the app to network, despite the reputation for instant hookups associated with the company since the early years of its founding. "According to data from a survey of Grindr users, approximately 25% of our users say that one of their key activities on Grindr is to network," a company spokesperson wrote in an email to Insider. But Alexis told Insider that he felt many people didn't know exactly what to use that filter for. Alexis told Insider that he was able to find a fitness mentor and a freelance opportunity when he was on the app.

Persons: Grindr, Omar Alexis, hookups, Alexis, George Arison, Arison, I've Organizations: Morning, Wall Street Journal Locations: LA

☆ Grindr employees working from home were given 2 weeks to decide to move across the country to work in person or lose their jobs
▼ + stars: | 2023-08-14 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

The company's employees say Grindr could be retaliating against them for trying to form a union. The news comes two weeks after employees announced their effort to unionize under the Communications Workers of America, Grindr United. Grindr United posted Sunday that the pivot to in-person work by the company is a "bizarre coincidence." However, employees told The New York Times that the company told them to expect the transition after one or two quarters. Grindr United did not immediately respond to Insider's request for comment sent over the weekend.

Persons: it's, we're, —, George Arison, Grindr, Quinn McGee, McGee Organizations: Service, Management, Communications Workers of America, Grindr, Grindr United, Bloomberg, New York Times, Apple, Disney, Google, Twitter, Grindr United CWA Locations: Wall, Silicon, Grindr, Chicago , Los Angeles, San Francisco Bay, —

☆ A key signal suggests job growth could plummet in coming months amid labor strikes and bad weather
▼ + stars: | 2023-08-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A key signal suggests monthly job growth could plummet in the coming months, according to Ned Davis Research. The research firm highlighted that a slow-down in temporary hiring services is the canary in the coal mine. The investment research firm highlighted a key leading indicator that is warning of a potential slowdown in hiring, and that's the hiring activities of temporary hiring services. And the two most recent job reports also came in below economist estimates, ending a more than year-long streak of better-than-expected job growth. Other factors that could limit future job growth includes tighter lending standards and a potential strike by the UAW and other unions.

Persons: Ned Davis, Joseph Kalish, Kalish Organizations: Ned Davis Research, NDR, UAW, Employers

☆ Russia's planting mines everywhere, even cruelly hiding explosives in everyday items like fridges, toys, and children's books, Ukrainian military engineers say
▼ + stars: | 2023-08-05 | by ( Jake Epstein | ) www.businessinsider.com time to read: +10 min

Russian soldiers who previously occupied Ukrainian territory left it littered with land mines. Moscow's troops hid explosives in every items like toys, fridges, and even children's books. For instance, they cruelly hide explosives in everyday household items like refrigerators, toys, and even children's books. Military sappers inspect an area for mines and non-exploded shells left after Russia's invasion in Kyiv Region, Ukraine April 21, 2022. REUTERS/Mykola TymchenkoUkrainian President Volodymyr Zelenskyy warned in April 2022 that Russian soldiers retreating in the north at the time had left mines everywhere, creating a "complete disaster."

Persons: it's, Mark Milley, sapper, Gleb Garanich, Oleksandr, Mykola Tymchenko, Volodymyr Zelenskyy, Maksym Trykur, Trykur, That's, Europe's Organizations: Service, Joint Chiefs, Staff, Ukrainian Armed Forces, REUTERS, Ukraine's, Transport Service, State Emergency Service, Special Transport Service, Mining, Mines Locations: Ukrainian, Russia, Wall, Silicon, Ukraine, Russian, Izium, Kharkiv region, Kyiv, Kyiv Region, Udy, Kharkiv, Africa

☆ Dividend payers underperformed in the first half. Here’s why they could make a comeback
▼ + stars: | 2023-06-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Dividend payers are on track for their worst half against stocks that don't pay dividends since 2009, Ed Clissold, the firm's chief U.S. strategist, wrote in a June 22 report. "Our index of S & P 500 Dividend Payers underperformed Non-Payers by 13.7% year to date," he said. Meanwhile, the ProShares S & P 500 Dividend Aristocrats ETF (NOBL) is up 3% in 2023. SPYD .SPX YTD line SPDR Portfolio S & P 500 High Dividend ETF versus the S & P 500 in 2023 One of the reasons behind dividend stocks' underperformance is the fact that they have low betas. For starters, dividend payers tend to outperform during the second year of the Federal Reserve's tightening cycles, NDR found.

Persons: Ned Davis, Ed Clissold, Clissold, Jerome Powell, Michael Bloom Organizations: Ned Davis Research, underperformed, Nasdaq

☆ Grindr went public 7 months ago. Here's what's happened since then
▼ + stars: | 2023-06-23 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

Since its Nov. 18 debut, Grindr has begun courting investors and making the necessary adjustments to be a public company, all the while making innovative plans for the future of the product. Seven months in the public marketIn the seven months since Grindr representatives rang the opening bell, CEO George Arison has shifted his focus to matters relevant to a public company, such as hiring specialists versus generalists and raising liquidity. Slightly more than 6% of shares are available for public investors to buy and sell, according to FactSet. Big names such as Vanguard, BlackRock and Charles Schwab also have small holdings, with each accounting for less than 0.2% of total shares. Grindr also recently launched a web offering, which may offer more features at an additional cost in the future.

Persons: Grindr, It's, Bud, George Arison, Arison, unapologetically, Bumble, Morgan Stanley, he's, Charles Schwab, Raymond Zage, Tiga, James Fu Bin Lu, Spencer Platt Organizations: NYSE, Tiga, Disney, Bud Light, Anheuser, Busch Inbev, JPMorgan, Wall Street, Group, West Capital Management, Prescott Investors, Vanguard, BlackRock, New York Stock Exchange, Tiga Acquisition Corp, Getty Locations: Boston, New York City

☆ Grindr's ex-privacy chief accused top executives of shrugging off system bugs that retained 'billions' of user photos
▼ + stars: | 2023-06-16 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Former Chief of Privacy Ron DeJesus said top executives ignored multiple warnings about user data. De Jesus claimed in the lawsuit that user data was stored after accounts were deleted, and shared with third parties. In 2021, Norway fined Grindr $7 million for illegally sharing user data, which De Jesus referenced in his lawsuit. De Jesus claimed that after he shared his privacy concerns with executives, he was iced out of an executive retreat. "Mr. De Jesus was terminated for being ineffective and for poorly managing Grindr's privacy practices, which were his primary responsibility," Lenihan said.

Persons: Ron DeJesus, De Jesus, Ron De Jesus, Jesus, Patrick Lenihan, Lenihan, Grindr Organizations: Morning, Los Angeles Superior Court, Grindr Locations: Los Angeles, Norway

☆ Here's why history's most reliable recession indicator no longer works
▼ + stars: | 2023-02-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The inverted yield curve has been one of the most reliable predictors of an imminent recession. In July 2022, the inverted yield curve once again turned negative as the Fed continued to aggressively hike interest rates. But a Monday note from Ned Davis Research argues that the yield curve inversion indicator may no longer be a reliable leading indicator of a coming downturn. Kalish isn't alone in his skepticism of the yield curve inversion indicator. Cam Harvey, the economist and professor who first identified the yield curve as a reliable recession indicator, thinks this time is different.

☆ Grindr shares soar in post-SPAC debut as advocates weigh progress of LGBTQ inclusion within finance world
▼ + stars: | 2022-11-18 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

The group of performers, some known for appearances on the competition show "RuPaul's Drag Race," performed on a rainbow stage set in the front of the New York Stock Exchange. It was part of a celebration of LGBTQ dating app Grindr's public-markets debut following a merger with blank-check company Tiga Acquisition. The New York Stock Exchange was lined with rainbow markers and pride flags in recognition of the event. Before the opening bell, New York Stock Exchange President Lynn Martin spoke about the importance of an LGBTQ-centered company's place in the equities market. watch now'The power of the app'The excitement around Grindr's debut does not diminish the difficulties of the current bear market.

☆ Netflix has launched its ad-supported tier — here's everything we know about how the streaming giant is pitching advertisers
▼ + stars: | 2022-11-03 | by ( Lauren Johnson | Elizabeth Pham Janowski | ) www.businessinsider.com time to read: +7 min

Netflix launched its ad-supported tier in the US on November 3. The new ad-supported tier does not have the full Netflix catalog and will offer video quality up to 720p. NetflixThe ad-supported tier is initially offered in 12 countries, beginning with Canada and Mexico on November 1. Netflix has been pitching advertisers with aggressive pricing, according to advertisers briefed by Netflix. Advertisers said they expect prices to drop after Netflix's ad-supported tier launches, as has been typical with other streaming services like NBCUniversal's Peacock.

☆ Netflix says that its new ad-supported tier is 'nearly' sold out — here's everything we know about the November 3 US launch
▼ + stars: | 2022-10-13 | by ( Lauren Johnson | Elizabeth Pham Janowski | ) www.businessinsider.com time to read: +6 min

Netflix will launch its ad-supported tier in the US on November 3. The new ad-supported tier will not have the full Netflix catalog and will offer video quality up to 720p. NetflixThe ad-supported tier will be offered in 12 countries, beginning with Canada and Mexico on November 1. Gorman said that partners like Microsoft will only be able to use data collected by the ad-supported tier for targeting within Netflix. Advertisers said they expect prices to drop once Netflix's ad-supported tier launches, as has been typical with other streaming services like NBCUniversal's Peacock.

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