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☆ Jobs data will steal the spotlight next week. What to watch for in 3 key labor reports
▼ + stars: | 2024-06-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

In this way, the nonfarm payroll report also offers clues on the near-term path of inflation. As always, payroll processing firm ADP will release its May private-sector jobs report before the government's nonfarm payroll report. On Tuesday, we'll get the latest JOLTS data, shorthand for the Job Openings and Labor Turnover Survey conducted by the Labor Department. Earnings A few noteworthy earnings reports set for next week include CrowdStrike and Hewlett Packard Enterprise after the close on Tuesday. A report released by the Bureau of Labor Statistics showed the US economy added 311,000 jobs in February.

Persons: industrials, Eaton, Locker, Salesforce, we've, FactSet, Dow Jones, we'll, Ferguson, OLLI, Campbell Soup, Brown, Forman, LULU, JM Smucker, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: Nasdaq, Dow Jones, Federal, Energy, Coterra Energy, Palo Alto Networks, Broadcom, Microsoft, Costco, Labor, Labor Department, Institute for Supply, Hewlett Packard Enterprise, Body, Donaldson Company, DCI, Brands, Natural Foods, THOR Industries, ABM Industries, Vail Resorts, MTN, NGL Energy, Jim Cramer's Charitable, CNBC, Bureau of Labor Statistics, Getty Locations: Chicago, Palo, U.S, Bath, Toro, Miami , Florida

☆ I'm pregnant at 47. It's not how I once pictured things, but it was the right path for me.
▼ + stars: | 2024-05-04 | by ( Heather Grossmann | ) www.businessinsider.com time to read: +5 min

That was eight years ago and followed an egg-freezing debacle that made it blindingly clear my path to parenthood would be circuitous, at best. @#$" — assumedly a stand-in for an expletive and, as it turned out, a very accurate foreshadowing of what was to come. Being pregnant at my age has proven a challenge, in more ways than oneNow, at 47, I am eight months pregnant and nearly downright blissful. AdvertisementLast summer, following two surgeries (one nearly killed me) for uterine fibroids, I was finally ready to go. The truth is, there was no other path to parenthood for me.

Persons: — Organizations: Service, Central, Business

☆ Goldman Sachs expects below-average returns for the next 2 years. It shares 3 strategies to beat the market and 23 stock picks across them.
▼ + stars: | 2023-11-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

These are some of the forecasts for 2024 from Goldman Sachs chief US equity strategist David Kostin and his team. But that doesn't mean it's time to expect a full-on bull market or rapid economic growth anytime soon. So, to leave room for alternative outcomes, Kostin envisioned an even more optimistic scenario that would see rate cuts and stronger economic growth. The second strategy is to not shy away from growth stocks, but rather, be discerning. Yet, their forecasted sales growth is below their 2023 numbers.

Persons: Goldman Sachs, David Kostin, Kostin, Goldman isn't, Sherwin, Williams, Stocks, Eli Lilly, Russell, John Organizations: Federal, Treasury, Bloomberg, Business, O'Reilly Automotive, Dwight, Marathon Petroleum, Intercontinental Exchange, Truist Financial, Rollins Inc, Power Systems, Water, Enphase Energy, Co, NVIDIA, EQT Corp, Toro Company, John Bean Technologies Corporation, Delta Air Lines, DAL, Alaska Air Group Locations: Goldman's, ORLY, Albemarle, ALB

☆ Old Cold War tool could help in new era of tension
▼ + stars: | 2023-07-17 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The United States may soon expand its export controls to cover semiconductors used in artificial intelligence and access to cloud computing. The People’s Republic has responded with tit-for-tat export controls on gallium and germanium, two strategic metals used in chips and other technologies where it has a dominant position. This is what the U.S. and its allies did during the last Cold War, when they established the Coordinating Committee for Multilateral Export Controls (CoCom). The United States’ subsidies for green technologies via its Inflation Reduction Act (IRA) caused tension with its allies. Its premier, Li Qiang, travelled to Germany last month hoping to persuade it not to row in behind the United States.

Persons: Joe Biden, Hung Tran, Li Qiang, –, Biden, Donald Trump, Ron DeSantis, Frances Burwell, Canada –, George Hay, Oliver Taslic, Pranav Kiran Organizations: Reuters, NATO, Soviet, Atlantic Council, Reuters Graphics Reuters, European Union, Multilateral Export Controls, United, Republican, Florida, EU, U.S, U.S . Trade, Technology Council, Twitter, Thomson Locations: Ukraine, China, Republic, U.S, Netherlands, Japan, States, United States, People’s Republic, Germany, Beijing, ’, Russia, Britain, Canada, Australia, South Korea

☆ Nasdaq hits 13-month high as investors look ahead to OPEC+ meeting and Apple headset event
▼ + stars: | 2023-06-03 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

It was a strong week for all three major stock indices, with the market bolstered Friday by strong jobs data and a deal in Washington to raise the U.S. debt ceiling. The S & P 500, the Nasdaq and the Dow Jones Industrial Average all finished the week roughly 2% higher. While Friday's rally broadened out beyond just the usual tech stocks, the Nasdaq ended Friday at its highest level since April 2022. This is the key data to look out for in the week ahead: Monday, June 5 9:15 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: payrolls, Biden, Investors, we've, Joann, JOAN, Ferguson, JM Smucker, Buster's, Campbell Soup, OLLI, Friday's, Jim Cramer's, Jim Cramer, Jim, Anna Moneymaker Organizations: U.S . Labor Department, Nasdaq, Dow Jones Industrial, Organization of Petroleum, Monday Club, Apple, PMI, THOR Industries, ABM Industries, Academy Sports, Ciena Corp, Foods, GameStop, Signet Jewelers, SIG, Company, Brands, Vail Resorts, MTN, Labor, Federal Reserve, U.S, West Texas, Treasury, Jim Cramer's Charitable, CNBC, Capitol, Getty Locations: Washington, OPEC, Vienna, China, U.S, Washington , DC

☆ US, EU agree firm stance on China at trade, tech meeting
▼ + stars: | 2023-05-31 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +3 min

The two partners sought at their Trade and Technology Council in Sweden to find common interests, such as over artificial intelligence and future trade in environmentally-friendly goods, but China proved a pervasive topic. The statement said the EU and the United States were deeply concerned about foreign information manipulation, interference and disinformation. The European Union plans to recalibrate its China policy, recognising coordination with a more hawkish United States is essential. U.S. Secretary of State Antony Blinken said the EU's and the United States' views of China had increasingly converged, noting neither was looking for confrontation. They also said they were committed to working with the G7 to coordinate action to counteract acts of economic coercion, which would include trade restrictions the EU says China has imposed on EU member Lithuania.

Persons: Antony Blinken, Margrethe Vestager, Jonas Ekstromer, you've, Philip Blenkinsop, Emelia Sithole Organizations: European, Trade, Technology Council, TT News Agency, REUTERS, European Union, TTC, EU, Lithuania, Thomson Locations: Lulea, Sweden, REUTERS LULEA, United States, Ukraine, China, EU, Brussels, recalibrate, Africa, Latin America

☆ EU, US to weigh China, AI, trade strains at high-level Sweden talks
▼ + stars: | 2023-05-30 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

U.S. Commerce Secretary Gina Raimondo, Trade Representative Katherine Tai and European Commission vice president and trade chief Valdis Dombrovskis will also take part. China will be a major focus of the meeting, even if the word "China" only features twice in the draft joint statement - on non-market practices and disinformation. The gathering in northern Sweden comes just as the European Commission presents its "Economic Security Strategy", expected to contain measures to prevent rivals such as China gaining access to its most sensitive technology. Brussels wants to see cooperation to boost green trade, such as mutual recognition of products, even though the U.S. and EU do not have and do not plan to forge a free-trade agreement. The EU is seeking progress with the U.S. towards an accord on critical minerals used for electric vehicles.

☆ EU and US to pledge joint action over China
▼ + stars: | 2023-05-13 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

BRUSSELS, May 13 (Reuters) - Washington and the EU will pledge joint action to tackle concerns focused on China about non-market practices and coordinate their export controls on semiconductors and other goods at a meeting this month, a draft statement showed. Brussels says it considers China a partner in some fields, an economic competitor and a strategic rival. The European Union plans to recalibrate its China policy, recognising coordination with a more hawkish United States is essential. Highlighting the medical devices sector in China, the document said the transatlantic partners are "exploring possible actions" over the threat posed by non-market policies and practices. The two sides also said they were committed to working with the G7 to coordinate action to counteract acts of economic coercion, such as the trade restrictions the EU says China has imposed on EU member Lithuania.

☆ EU urges firm results, green alliance from US trade talks
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, April 12 (Reuters) - The United States and the European Union need to produce clear results next month from their forum on trade and technology and forge closer ties on green products and technology, European Trade Commissioner Valdis Dombrovskis said on Wednesday. "We should also be aiming to move forward on digital and sustainable trade," Dombrovskis said. The transatlantic partners should, he said, help set common standards for green goods and technologies, ensure fair competition and build resilient supply chains. Dombrovskis said the two should work to align the domestic supports of the IRA and the EU Green Deal, so "turbo-charging" the green transition. In my view, we should be aiming for nothing less than a green transatlantic marketplace," Dombrovskis said.

☆ This week's jobs report will help determine if this nascent March rally has legs
▼ + stars: | 2023-03-05 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Where the market heads next will once again depend on inflation data — especially this week's highly anticipated jobs report. No portfolio companies report earnings next week. However, with mortgage rates bouncing back in recent weeks, it remains to be seen if the strong monthly report will see any follow up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

[1/6] German Economy Minister Robert Habeck and French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire hold a joint news conference in Washington, U.S., February 7, 2023. "It's a process, and in a process you go step by step," Le Maire told reporters. After meetings with Yellen, Commerce Secretary Gina Raimondo and White House officials, Habeck and Le Maire emerged with few specifics other than pledges to be clear about their competing green subsidies. Noting the agreement on both sides on the need for transparency on subsidies, Habeck said, "We will (create) a technical group to make this transparency work." But Commerce said she applauded the TTC's work to promote transparency for U.S. and EU semiconductor subsidies and support supply chains.

☆ Stocks making the biggest moves premarket: Tesla, Nutanix, Meta and more
▼ + stars: | 2022-12-23 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Tesla gained 1.2% in the premarket. Nutanix (NTNX) – Nutanix tumbled 16.6% in the premarket following a report that Hewlett Packard Enterprise (HPE) has ended talks to acquire the cloud computing company. Meta Platforms (META) – Meta and users of its Facebook platform settled a privacy class action lawsuit, with Meta agreeing to pay $725 million. Oilfield services stocks – Halliburton (HAL) gained 1.4% in the premarket, with Schlumberger (SLB) up 1.3% and Baker Hughes (BKR) rising 1%.

☆ Housing slump to continue but some hopeful signs ahead
▼ + stars: | 2022-12-18 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

While that’s already had a negative impact on the housing market, we’ll get more details this week about how much worse the damage has become. A long list of housing data is on tap. On Tuesday the US Census Bureau will report housing starts and building permits figures for November, followed by Friday’s release of new home sales data for the same month. Housing market was frothy, but not a bubbleOthers in the industry are cautiously optimistic as well. That all amounts to a few good reasons why the housing market could avoid a severe and prolonged slump.

☆ Markets close out the week lower, as investors brace themselves for more rate hikes next year
▼ + stars: | 2022-12-16 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

But what irked markets was Fed Chair Jerome Powell's indication the Fed could continue to raise rates for longer to bring inflation under control. The S & P 500 lost around 2.25% for the week, closing out Friday down more than 1%. Under the hood, the consumer discretionary sector led to the downside this week, followed by financials and technology. Initial jobless claims for the week ending Dec. 10 came in at 211,000, a decrease of 20,000 from the prior week and below expectations of 232,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ EU escalates WTO case against China over patents, Lithuania
▼ + stars: | 2022-12-07 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +3 min

[1/2] Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, China, July 12, 2016. The disputes, both brought to the WTO at the beginning of the year, concern alleged Chinese restrictions on EU companies' rights to use foreign courts to protect their high-tech patents and on trade with EU member Lithuania. The Commission formally requested consultations with China at the WTO, the first step in a WTO challenge. The panel requests come as the European Union reviews its stance towards China, seeing it increasingly as a competitor and system rival than a partner. In the Lithuania case, many of China's actions were not published measures, which are typically the focus for WTO litigation.

☆ Biden's climate plan strains trade ties with Europe
▼ + stars: | 2022-12-06 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

The European Union and United States — together responsible for one third of global trade — have been at loggerheads in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. While a trade war is unlikely, the plan is testing the transatlantic alliance and pushing Europe to consider mobilizing its own package of subsidies. The IRA is now law, and there is little appetite to bring it back to Congress to make substantive changes, he told CNN Business. The European Union has a couple of options at its disposal, analysts told CNN Business. On Monday, Italian Economy Minister Giancarlo Giorgetti said that the bloc should create its own “European IRA plan,” according to a Reuters report.

They issued a joint statement after the third ministerial-level of the U.S.-EU Trade and Technology Council (TTC) vowed to work constructively to resolve it. EU Trade Commissioner Valdis Dombrovskis on Monday called the $430 billion U.S. Inflation Reduction Act discriminatory and urged steps be taken before year's end to modify the law. It offers consumers tax credits of $7,500 for new purchases of Tesla (TSLA.O), Ford (F.N) and other North American-made EVs that the EU fears will significantly hurt European. Other participants included U.S. Commerce Secretary Gina Raimondo, U.S. Trade Representative Katherine Tai and European Commission Vice President Margrethe Vestager. During a state visit to Washington last week, French President Emmanuel Macron told broadcaster CBS it was a "job killer" for Europe.

☆ Tax credits for EU electric vehicles to dominate U.S. trade talks
▼ + stars: | 2022-12-05 | by ( ) www.cnbc.com time to read: +2 min

U.S. Secretary of State Blinken attends the Freedom of Expression Roundtable, in New York, U.S., September 19, 2022. The European Union's top trade official on Monday called for urgent steps before the end of the year to modify a U.S. climate law that would cut off the bloc's electric vehicles from U.S. tax credits, calling the measure discriminatory. EU Trade Commissioner Valdis Dombrovskis, speaking to Deutsche Welle before a meeting of the U.S.-EU Trade and Technology Council (TTC) said the law threatened to undermine progress made by the year-old transatlantic forum. Dombrovskis said the EU was looking at how to make its own subsidies "more efficient" and potential increases in joint U.S.-EU financing. Participants include U.S. Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, U.S. Trade Representative Katherine Tai and European Commission Executive Vice Presidents Valdis Dombrovskis and Margrethe Vestager.

☆ Monday's EU-US trade talks overshadowed by tax concerns on climate measure
▼ + stars: | 2022-12-05 | by ( David Lawder | ) www.reuters.com time to read: +3 min

COLLEGE PARK, Md., Dec 5 (Reuters) - Top European Union officials intend to complain loudly to their U.S. counterparts at a trade meeting on Monday about the bloc's electric vehicles being cut off from tax credits in U.S. President Joe Biden's signature climate law. "The Inflation Reduction Act will be part of the range of discussions on trade," a spokesperson for the White House National Security Council said in a statement. The U.S. side was "committed to continuing to understand EU concerns" through a newly established task force, the spokesperson added. European and South Korean officials criticized the Inflation Act at the G20 Summit in Indonesia last month. French officials say they are hopeful an executive order from the White House could give European nations a break, without the need for seeking revisions from Congress - a move the White House wants to avoid.

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