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The Nasdaq hit a record in early trading on Tuesday while other indexes were mixed. Traders are awaiting PCE inflation data on Friday. Markets will also digest housing data and revised GDP numbers for the first quarter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAlso this week, another round of Fed speakers will deliver commentary on the path of the economy, inflation, and interest rates.
Persons: , Neel Kashkari, Kashkari Organizations: Nasdaq, Traders, Service, PCE, Minneapolis, CNBC, Wedbush, Apple
The Nasdaq finished at a record while the Dow tumbled. Nvidia soared but the broader market weakened amid a fresh spike in Treasury yields. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks finished mixed on Tuesday, with the Nasdaq at a record but the Dow Jones Industrial Average sliding more than 200 points. Weighing on shares during the session was a jump in Treasury yields as the latest auction was met with lukewarm demand.
Persons: Dow, , Neel Kashkari, Elon Musk Organizations: Nasdaq, Nvidia, Service, Dow Jones, Federal Reserve, Minneapolis
Read previewThe world of luxury real estate might seem like a place where deals are plentiful, transactions are swift, and satisfaction is guaranteed. "I wanna be free to garden and travel and not have to worry about the house — but I'm not taking nothing," Morgan told Curbed. "A lot of luxury buyers may already have a primary home, so maybe they're looking for a new investment," StreetEasy Senior Economist Lee said. AdvertisementThat's partly why more luxury buyers are increasingly considering renting out their homes rather than selling them, he added. Concierge AuctionsLee noted another factor contributing to the difficulty of selling luxury properties: the high costs associated with their maintenance and upkeep.
Persons: , Kenny Lee, Sonja Morgan, John Adams Morgan, Morgan Chase, Morgan, Curbed's Bridget Read, I'm, Michael Jordan, There's, Nile Niami, Richard Saghian, Ron DeSantis, Lee, canalso, It's Organizations: Service, Business, Housewives, New, Fashion, Florida Gov, Morgans, Yorker Locations: New York City, New York, Chicago, Los Angeles, Upper Eastside
An Oklahoma-based missionary group working in Haiti’s capital was attacked by gangs on Thursday, leaving two Americans and the group’s director dead, the organization, Missions in Haiti, announced on Facebook. The independent nonprofit was founded by an Oklahoma couple, David and Alicia Lloyd, in 2000. The victims were the founders’ son, David Lloyd III, 23, known as Davy; his wife, Natalie Lloyd, 21; and the organization’s Haitian director, Jude Montis, 20, the group said. Most of you know my daughter and son-in-law Davy and Natalie Lloyd are full time missionaries in Haiti. They were attacked by gangs this evening and were both killed.
Persons: David, Alicia Lloyd, , David Lloyd III, Davy, Natalie Lloyd, Jude Montis, Lloyd, Ben Baker, , Mr, Baker, “ I’ve, Organizations: Missions, Facebook Locations: An Oklahoma, Haiti, Bon, Port, Oklahoma, Haitian, Missouri
Nvidia's solid earnings and guidance boosted its stock but the broader market saw a sharp dip. Rate cuts bets faded after services and manufacturing data pointed to still-sticky inflation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The drop came after new services and manufacturing PMI data topped economists' estimates, hinting at more inflation pressure for the US economy. AdvertisementThursday's data pressured the outlook for rate cuts later this year.
Persons: Dow, Organizations: Service, Nvidia, Dow Jones, Nasdaq, Treasury, Here's
Stocks jumped Thursday with investors feeling buoyant after Nvidia's big first-quarter earnings report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks moved higher on Thursday, with investors cheering another blowout earnings report from chip giant Nvidia. The company, whose chips are at the heart of the artificial intelligence boom, beat on both revenue and earnings. It reported $26.04 billion in revenue versus analyst estimates of $24.65 billion, and earnings per share of $6.12, compared to estimates of $5.59.
Persons: Stocks, Raphael Bostic, , Blackwell, AI Jensen, Dan Ives Organizations: Atlanta Fed, Service, Nvidia, Securities, Microsoft, Atlanta Federal Reserve, Here's
Multiple fatalities and some injuries have been reported in the small city of Greenfield, Iowa – about 50 miles southwest of Des Moines – after a tornado carved a devastating path through the community Tuesday evening, Iowa State Patrol spokesperson Sgt. “There is basically nothing left,” Clel Baudler, a former Iowa state representative who lives a half mile from Greenfield, told CNN on Tuesday. Power outages across Iowa, Wisconsin and Illinois left nearly 200,000 homes and businesses in the dark as of Tuesday night, according to PowerOutage.us. A few tornadoes could strike from Texas to Arkansas, but hail and powerful winds are possible anywhere along the storms’ path. Heaps of rubble blanket Greenfield, Iowa, after a tornado touched down Tuesday.
Persons: Alex Dinkla, Dinkla, Clel, Kim Reynolds, Charlie Neibergall, Valerie Warrior, KCCI, , , “ They’ll, CNN’s Jessica Jordan, Sara Smart, Amy Simonson Organizations: CNN, Midwest, Des Moines, Iowa State Patrol, Storm Prediction Center Locations: Iowa, Greenfield , Iowa, Des, Greenfield, Iowa , Wisconsin, Illinois, Texas, Vermont, Ohio, Great, Arkansas, Oklahoma, Dallas, Fort Worth, Nashville, St, Louis, Memphis, Cleveland, Tulsa, Columbus, Iowa , Minnesota , Wisconsin, Western Iowa, Prescott, Adams County, Montgomery County
New York City will begin a new push to evict migrants from its shelter system on Wednesday as the city enters a more aggressive phase in its effort to ease the strain that the migrant crisis has placed on the city’s budget and shelters. The first wave of evictions will affect adult migrants who were given 30-day notices a month ago as part of the city’s push to enforce stricter time limits on shelter stays. Adult migrants who wish to stay longer can receive an extension if the city determines they meet one of several exceptions. As the rules are phased in, they will eventually cover all 15,000 adult migrants that the city is paying to house in an array of hotels, tent dormitories and other buildings. Officials are also seeking to make space for the hundreds of migrants still arriving from the southern border each week.
Persons: Eric Adams Organizations: Democrat Locations: York City
Mayor Eric Adams has long valued loyalty, keeping his allies close as he rose through New York City’s political ranks to become mayor, and rewarding them with top administration jobs. So this week, as the mayor quickly sought to fill out a powerful commission that could reshape city government, possibly for generations to come, he predictably turned to a cadre heavy on loyalists. The roster of the Charter Revision Commission was released on Wednesday, just 24 hours after Mr. Adams announced he was creating one. The move may foil an effort by the New York City Council to exert more control over the mayor’s high-level appointments. And although the announcement came as a surprise, the mayor’s spokesman said the commission has long been in the making.
Persons: Eric Adams, Adams Organizations: New, New York City Council Locations: New York
Things are so bad that even tech workers, who make some of the highest salaries of any profession, are feeling the crunch. Entry-level tech workers made an average of $75,262 in 2023, and could only afford 2.1% of studio and one-bedroom rental apartments in the city, StreetEasy found. "If these tech employees can't afford housing, then who can?" But even as New York City has created 800,000 new jobs in the last 10 years, it's only built 200,000 new homes. The average tech worker makes 52% more per year than the average worker in New York City, the StreetEasy report noted.
Persons: StreetEasy, Julie Samuels, Samuels, , Kenny Lee, Eric Adams, Kathy Hochul, Hochul, Adams Organizations: Service, Apple, Business, Tech, New York City, New York State Department of Labor, York City, New York, Yorkers Locations: New York, Manhattan, York City, San Francisco, New York City, StreetEasy, Yorker, York
Amid growing public dissatisfaction with Mayor Eric Adams’s job performance, the New York City Council speaker, Adrienne Adams, was about to make a power play. Ms. Adams was preparing to introduce legislation on Thursday that would require the mayor to obtain Council approval on 21 commissioner-level appointments, according to a draft of the bill that the speaker’s office shared with The New York Times. The move would significantly curtail the mayor’s authority by adding a level of Council oversight. It would require a citywide voter referendum, because it proposes to curb the power of the mayor. Only one member was named; other names, the release said, would be forthcoming.
Persons: Eric Adams’s, Adrienne Adams, Adams Organizations: New, New York City Council, The New York Times, Times, Commission Locations: New York City
Damaging storms brought punishing winds and possible tornadoes to Iowa on Tuesday afternoon, leaving at least one dead and causing considerable destruction in the latest in a run of severe weather to have struck the Midwest in recent weeks. A woman suffered a storm-related death in Adams County, according to Lisa Brown, the county’s medical examiner. One of the structures appeared to have caught fire, releasing a large plume of smoke. Footage circulating on social media appeared to show extensive damage in a residential area of Greenfield, Iowa, a small city of about 2,000 residents in Adair County about 50 miles southwest of Des Moines. Video captured by a storm chaser showed a stretch of homes that had been reduced to piles of wood and rubble, and people being escorted away by emergency officials.
Persons: Lisa Brown Organizations: Des Moines . Locations: Iowa, Adams County, Des Moines, Greenfield , Iowa, Adair County
An aide to Mayor Eric Adams who served as his longtime liaison to the Turkish community and whose home was searched by the F.B.I. has been cooperating with the corruption investigation into the mayor and his 2021 campaign, according to three people with knowledge of the matter. Originally from Azerbaijan, Ms. Abbasova, 41, had worked for Mr. Adams for about four years in the Brooklyn borough president’s office before he became mayor. agents and federal prosecutors conducting the corruption investigation in the weeks after her home was searched on Nov. 2. On the same day, agents also searched the homes of the mayor’s chief fund-raiser and a former Turkish Airlines executive.
Persons: Eric Adams, Rana Abbasova, Adams’s, Adams, Abbasova Organizations: , Fire Department, International Affairs, Mr, Turkish Airlines Locations: Turkish, New York, Turkey, Azerbaijan, Brooklyn
A Pennsylvania teenager had to be resuscitated in March when he went into cardiac arrest after drinking Panera Bread's highly caffeinated Charged Lemonade, a lawsuit says. His ordeal was first reported by the Pittsburgh Post-Gazette several days before Panera announced it was discontinuing its Charged Lemonade. Charged Lemonade contains caffeine from multiple sources, including the stimulant guarana extract. Previously, it had advertised its Charged Lemonade as "Plant-based and Clean" with as much caffeine as its dark roast coffee. During his hospital stay, they implanted a subcutaneous defibrillator, a device that will shock Adams' heart if he has a life-threatening heart rhythm in the future.
Persons: Luke Adams, Adams, Panera, Andrew Pogozelski, Pogozelski, Sarah Katz, Dennis Brown, Lauren Skerritt, Lisa Feyes, Luke Organizations: Eastern District of Pennsylvania, NBC News, Allegheny Health Network's Forbes Hospital, Pittsburgh Post, University of Pennsylvania, Drug Administration Locations: Monroeville, Eastern District, Pennsylvania, Adams, Florida, Rhode
New York City once sold a promise of free prekindergarten for all as an unusual benefit designed to make it far easier to raise children in this expensive city. So as families worried over whether their 3-year-olds would have spots this fall, Mayor Eric Adams pledged last month that everyone would have “access” to a seat. Every 4-year-old in New York is guaranteed a free preschool seat, and 3-year-olds were next in line for a universal program. On Thursday, about 2,500 children did not receive a prekindergarten offer, leaving their parents in limbo. Many are still on huge waiting lists and scrambling to rethink their finances and future in the city.
Persons: Eric Adams, Adams Organizations: Education Department Locations: York City, New York
Kathy Hochul of New York waited for Pope Francis in Clementine Hall, an ornate room with marble walls and frescoed ceilings in the Vatican’s papal apartments, her thoughts drifted to her father. Ms. Hochul was last in Rome seven years ago with her father, who was celebrating his 80th birthday. He passed away suddenly in October, while the governor was on another diplomatic trip abroad, visiting Israel. “It was a profound experience for me, sitting there reflecting on my family’s teachings,” Ms. Hochul said on Thursday. It was the second such trip taken by a New York leader in a week: Mayor Eric Adams of New York City met with the pope on Saturday.
Persons: Kathy Hochul, Pope Francis, Clementine Hall, Ms, Hochul, ” Ms, , Eric Adams Organizations: Catholic, New Locations: New, Rome, Israel, Italy, New York, New York City
Stocks turned lower and closed in the red on Thursday after the Dow briefly crossing 40,000 for the first time. The S&P 500 failed to extend its gains after closing at a record high on Wednesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Dow failed to close above the key threshold, and the S&P 500 struggled to consolidate gains after hitting a record close on Wednesday. AdvertisementBroadly, the Fed speakers on Thursday painted a picture of a central bank in no hurry to pivot as inflation remains above its 2% target.
Persons: Stocks, , Dow, Tom Barkin, John Williams, Barkin Organizations: Dow, Service, Dow Jones, Federal Reserve, Richmond Fed, York Fed, Reuters, CNBC Locations: Here's
The Dow Jones Industrial Average surpassed 40,000 for the first time ever Thursday. Stocks are on a record-setting run after a soft April inflation reading, with the S&P 500 extending gains after a record close on Wednesday. AdvertisementThe Dow Jones Industrial Average surpassed 40,000 for the first time ever on Thursday, with stocks extending gains following Wednesday's cooler inflation reading for April. Advertisement"The overall trend looks reasonably good," Williams said regarding inflation during an interview with Reuters. AdvertisementHere's where US indexes stood at 11:00 a.m. on Thursday:Here's what else is going on today:AdvertisementIn commodities, bonds, and crypto:
Persons: Stocks, , John Lynch, Dow, Tom Barkin, Patrick Harker, Loretta Mester, Raphael Bostic, John Williams, Williams, Chris Zaccarelli Organizations: Dow Jones Industrial, Service, Federal Reserve, Comerica Wealth Management, Reuters, Labor Department, GameStop, AMC, Here's
When Mayor Eric Adams was asked about New York City’s lifeguard shortage at his weekly news conference, he seized the moment to make a point about potential migrant workers. Immigrant rights groups called the comments “racist and divisive.” Conservative leaders viewed them as an attempt to legitimize the hiring of noncitizens. Mr. Adams, unsurprisingly, saw things differently. On Wednesday, the mayor explained that he had visited migrant centers in the city and asked people there if they knew how to swim. He was “blown away” by the number of those who raised their hands.
Persons: Eric Adams, Adams Organizations: New, Conservative, noncitizens Locations: New York
Here are 3 examples of 'tip menus' creators have used and how much they chargeHow much money OnlyFans creators makeThe amount of money OnlyFans creators make can vary — it usually starts small, but many creators are able to build up their incomes. AdvertisementRead more about how much 8 OnlyFans creators earned and how they did itA popular and lucrative way creators monetize is via private messaging with their subscribers. Read more about how 3 OnlyFans creators have used TikTok for promotionFor some of the more popular creators, another lucrative income stream is offering promotional "shoutouts" to smaller accounts in exchange for a fee. AdvertisementHere's how 'promo shoutouts' have become big business for creatorsHow to make money on OnlyFans while anonymousIt's not uncommon for OnlyFans creators to publish adult content without showing their faces. Read more about how Mrs Robinson got started on OnlyFans and built her income to over $800,000Farrah is an OnlyFans creator who makes faceless content.
Persons: , OnlyFans, Bryce Adams, Bella Thorne, Blac Chyna, Bhad, Jessica Moore, Morgan Edwards, Kitty K, monetize, Amber, Amber Sweetheart, Farrah, Read, Robinson, she's, Mrs Robinson Organizations: Service, Business, OnlyFans, BBC, Reuters
Deutsche Bank maintained a hold rating on Nvidia ahead of earnings next week, while Wells Fargo raised its price target. The firm downgraded shares to neutral from buy while lowering its price target to $35 from $55. He has a $850 price target on shares, indicating shares pulling back nearly 6% from Monday's close. The analyst raised his price target on the stock to $1,150 from $974, implying upside of more than 27%. He also raised his price target to $78 from $68, implying upside of 19% from Monday's close.
Persons: Wells Fargo, Roth, Roblox, Eric Handler, Handler, — Hakyung Kim, Tesla's, Elon Musk's, Tesla, Dan Levy, Levy, Hakyung Kim, Jefferies, Boston Beer, Samuel Adams, seltzer, Kaumil, Boston Beers, Seltzer, Gajrawala, Ross Seymore, NVDAs, Seymour, Wells Fargo's Aaron Rakers, Rahul Krotthapalli, Krotthapalli, Fred Imbert Organizations: CNBC, Nvidia, Deutsche Bank, JPMorgan, Roth Capital Partners, Barclays, Jefferies, Boston Beer, Boston, Deutsche, Fitness Locations: Monday's, Boston
CNN —A county redistricting plan in Texas that a Donald Trump-appointed judge deemed “a clear violation” of the Voting Rights Act is back before a notoriously conservative appeals court. After the 2021 Census, the Republican-led county commission broke up that district, locking in four majority-white districts instead. Their opponents argue that Congress did not intend for multiple “classes” of minorities to be considered together when assessing a map’s Voting Rights Act compliance. Black and Latino voices ‘extinguished,’ judge saysThe 2021 map split up the long-established Precinct 3, spreading those minority voters across the four total commission precincts. “It would be devastating for minority voters as devastating as it was for Galveston’s Black and Latino voters.”
Persons: Donald Trump, Biden, Jeffrey Vincent Brown, , , Valencia Richardson, Christian Adams, , ” Brown, Brown, Mark Henry –, Henry, Robin Armstrong, Armstrong, Adams, Circuit “, Elena Kagan, , ” Chad Ennis –, ” Ennis, Hilary Harris Klein Organizations: CNN, Republican, 5th, Campaign, , Senate, Justice Department, Galveston Republicans, Interest Legal Foundation, Circuit, Southern Coalition for Social Justice Locations: Texas, Galveston’s County, Galveston County, White, Galveston, Louisiana, Mississippi,
Read previewGetting enough fruits and vegetables into your daily diet can be a challenge, especially if you overthink it. But it's crucial for your longevity and to help reduce your intake of unhealthy and harmful ultra-processed foods. United States Surgeon General Jerome Adams takes questions from news reporters outside the West Wing at the White House. Related stories"You don't even taste the spinach," Adams added. One smoothie ingredient he advises against is juice because it contains so much sugar.
Persons: , Jerome Adams, Adams, Donald Trump, Tom Brenner, You'd, I've Organizations: Service, Business, Purdue University, United, Wing, White, Reuters
Read previewWalmart CEO Doug McMillon returned this weekend to his alma mater, the University of Arkansas, where he delivered the commencement address to the class of 2024. McMillon also revealed how some plans didn't work out — like being rejected from the top MBA programs — and how a mistake could have ended his career before it began. I'm wired to think more about what's coming next than the moment right in front of me. AdvertisementMy second piece of advice is to pursue a career that does not feel like work. If you're in the right place, most days, work won't even feel like work.
Persons: , Doug McMillon, McMillon, Doug McMillon's, I've, Jim Webster, Jim, Wharton, Shelly, they're, Sam Walton's, Helen, it's, you've, Benny Bridwell, Benny, Bryan Adams Organizations: Service, University of Arkansas, Business, Harvard, Stanford, Walmart Locations: Arkansas, USA, South Africa, Rogers
De-dollarization efforts won't do much to dethrone the dollar, Morgan Stanley said. There are no true alternatives to holding the US dollar at the moment, Morgan Stanley strategists said. AdvertisementThe dollar's status as the top currency of central banks and for international trade probably isn't fading soon, according to Morgan Stanley. "Now, reasonable people can disagree about whether cryptocurrencies are going to appreciate or depreciate, but I'd argue that the best outcome for a dominant currency is neither." Displacing a dominant currency is something that happens over the course of decades, economists previously told Business Insider, as it takes time for people to shift to other currencies once a dominant currency is recognized as "safe."
Persons: Morgan Stanley, , James Lord, Michael Zezas, That's, Lord, there's, Zezas, Crypto, David Adams, Morgan Stanley's Organizations: Service, Rivals, greenback, Business Locations: Beijing, China
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