DIRS.INFO The most relevant business & tech news

☆ Welcome to the age of geriatric millionaires
▼ + stars: | 2024-06-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

While it makes sense that time is often a crucial ingredient to accruing savings and assets, the average age of millionaires in the US has been rising faster than the average age of the overall population over the last three decades. How millionaires are changingSince 1992, the average age of the country's millionaires has been going up. That means that younger millionaires aren't joining their ranks fast enough to keep the average age steady. Millionaires are overrepresented beginning around age 50, but track pretty cleanly with the cohort in their 40's. What does it mean to have so many older millionaires?

Persons: —, Chuck Collins, inequality.org, Collins, America's, aren't, Garrett Watson, that's, Watson, Xers, Gen Xers, they've, haven't, That's, It's, Ed Yardeni, They're, Redfin, King Charles, King Charles III of, it's, You've Organizations: Service, Business, Policy Studies, Forbes, Consumer, Millionaires, Tax, Security, Labor, Institute for Policy Studies Locations: United Kingdom

☆ Netflix has a key advantage over Amazon in courting advertisers
▼ + stars: | 2024-06-03 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Read previewScale has been a big part of Amazon's pitch for ads in Prime Video. Amazon doesn't regularly release viewership data, and one commonly heard suspicion is that Prime Video hasn't had any huge, original hits of late. It measures Netflix, Prime Video, Max, and Disney+ in 20 countries across the US, Canada, Europe, Latin America, and Asia. Here are some other other findings from Digital i:Netflix and Prime Video have similar viewer demographics, with Prime skewing slightly older. Licensed content makes up about half of viewing across Netflix, Prime Video, and Disney+, with the rest coming from originals.

Persons: —, hasn't, Max skews Organizations: Service, Amazon, Business, Netflix, Disney Locations: Canada, Europe, Latin America, Asia

☆ This rallying energy drink stock is set to break out above $100, according to the charts
▼ + stars: | 2024-05-14 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Celsius (CELH) is an energy drink company that emerged from small cap status in 2020 to a $21 billion market cap company today. The stock carries a hefty valuation, but with the recent breakout following earnings last week I think it can rally even higher. I first wrote about Celsius here on Jan 17 as the stock was gearing up to break through the $63 and $69 resistance levels. The fundamental case Even so, last week's Q1 earnings report was met with some confusion. The chart below shows CELH quarterly revenue growth with the most recent quarter showing a slight lower-high based on that $355 million top line figure.

Persons: Red Bull, we'll, Todd Gordon, Gordon, CELH Organizations: Red, Monster Beverage, Elliott, Pepsi, Tactical Alpha, Inside Edge, Inside Edge Capital Management

☆ Tesla could follow a 4-part path to 35% stock upside after shaking off earnings worries, BofA says
▼ + stars: | 2024-04-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Tesla stock could surge 35% after its first-quarter earnings results, according to Bank of America. The bank upgraded Tesla stock to "Buy" and detailed a 4-part plan that could boost the stock. "The tide in news flow appears to suggest the risk to the stock is skewing more positively," BofA said. AdvertisementPositive catalysts are starting to build for Tesla after it announced a dismal first-quarter earnings report, according to Bank of America. Bank of America analyst John Murphy upgraded Tesla stock to "Buy" from "Neutral" and reiterated his $220 price target, representing potential upside of 35% from current levels.

Persons: BofA, —, Tesla, John Murphy, Murphy Organizations: Bank of America, Service, Tesla, Investors

☆ Tesla surges after Elon Musk says new affordable EV models coming
▼ + stars: | 2024-04-24 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center in New York City, Nov. 29, 2023. Tesla shares surged 15% on Wednesday morning after CEO Elon Musk said the electric-vehicle company plans to begin production of new affordable EV models by early 2025. Musk's comments came during Tesla's earnings call on Tuesday after the company reported disappointing first-quarter numbers. The company previously expected to start production of the new EV models in the second half of 2025. UBS analysts on Tuesday reiterated their neutral rating of Tesla stock and lowered their price target to $147 from $160, saying they remain skeptical of the company's talk.

Persons: Elon Musk, Tesla, Musk's, Tesla's, Michael Bloom Organizations: New York Times, Jazz, Lincoln Center, Revenue, Bank of America, UBS Locations: New York City

☆ Bank of America upgrades Tesla, says first-quarter report opens door for strong gains ahead
▼ + stars: | 2024-04-24 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Bank of America thinks Tesla's first-quarter results mark the start of a big turnaround. Analyst John Murphy upgraded the electric vehicle maker to buy from neutral. He also reiterated his price target of $220, which implies upside of 52% from Tuesday's close. The upgrade comes as Tesla reported weaker-than-expected earnings and revenue for the first quarter. TSLA 1D mountain TSLA pops BofA's Murphy noted that the quarterly numbers "essentially knocked out the recent negative catalysts with facts or reasonable explanations."

Persons: Tesla's, John Murphy, Tesla, Elon Musk, BofA's Murphy, Price, Murphy Organizations: of America Locations: Tuesday's

☆ Here are Thursday's biggest analyst calls: Tesla, Nvidia, Apple, Amazon, eBay, Zoom, JetBlue, BJ's & more
▼ + stars: | 2024-04-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are initiating coverage of Samsara (IOT) with a Buy rating and $42 price target." Deutsche Bank adds a catalyst call buy on Estee Lauder Deutsche added a short-term buy rating on shares of the beauty giant. Bernstein reiterates Apple as market perform Bernstein said it's getting more "constructive" on Apple shares but is sticking with its market perform rating for now. "We are initiating coverage of AES with a Buy rating and $21PT. "We are initiating coverage on shares of Beacon Roofing Supply (BECN), a leading roofing products distributor in the United States, with a Buy rating and $135 PT."

Persons: Goldman Sachs, Goldman, Oppenheimer, JPMorgan, Lauder Deutsche, Mizuho, TD Cowen, Cowen, it's, Bernstein, Jefferies, Kite, Kite Realty Jefferies, GE Vernova, Tesla, Needham, Andy, BTIG, Davidson, Barnes, Morgan Stanley downgrades, Morgan Stanley, Etsy, Rosenblatt, Swift, Janney Organizations: Bank of America, Cisco Systems, Goldman Sachs, P, JPMorgan, JetBlue, Bancorp, SPT, Oracle, Deutsche Bank, Linde, Mizuho, LIN, Nvidia, Apple, Kite Realty, GE, Metro NY, SSS, Deutsche, Infrastructure, FTAI Infrastructure, BMO, New, AMC, Barnes Group, AES Corporation, AES, eBay, EBAY, UW, ZS, Comcast, CNBC, Benchmark, Beacon Locations: New York City, OW, United States

☆ Unflappable Scottie Scheffler clinches second Masters title with virtuoso display
▼ + stars: | 2024-04-14 | by ( Jack Bantock | ) edition.cnn.com time to read: +8 min

CNN —Scottie Scheffler clinched his second Masters title in style on Sunday, cementing the American’s status as the preeminent force in men’s golf. I love you,” Scheffler replied when asked by Augusta National chairman Fred Ridley if he had a message for his wife. The ball was still amongst the shrubbery when Scheffler rolled in for par on the same green shortly after, extending his lead to three. His first Masters triumph had ended in a shaky – albeit inconsequential – four-putt, but there were no such blips this time round. After a standing ovation on his walk to the 18th green, Scheffler signed off with a simple putt for par.

Persons: Scottie Scheffler, Sweden’s Ludvig Åberg, Scheffler, Meredith, “ I’m, I’ll, ” Scheffler, Fred Ridley, “, can’t, ”, Brooks Koepka, Scheffler toasts, Warren Little, Woods, Åberg, –, Jack Nicklaus, Seve Ballesteros, Tiger Woods, ” Woods, ” Åberg, Fuzzy Zoeller, Europe’s, Andrew Redington, Max Homa, Collin Morikawa, England’s Tommy Fleetwood, Rory McIlroy’s, Spain’s Jon Rahm, Ominously, Morikawa, Homa, Mike Segar, Rahm, Jamie Squire, Aberg, Ted Scott Organizations: CNN, Augusta National, Augusta, Golf, PGA Championship, RSM, Getty Locations: Butler, Augusta, Rome, Homa

☆ Fed must get 'more aggressive' with rate cuts due to weakening jobs market, Canaccord's chief market strategist says
▼ + stars: | 2024-03-31 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +1 min

The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity's Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push the Fed to act. "Our focus now is those rate cuts are what you need." At the March Federal Reserve policy meeting on interest rates, officials tentatively planned to slash rates three times this year. According to Dwyer, market performance will become much more even by the end of this year into 2025.

Persons: Canaccord Genuity's Tony Dwyer, I'm, CNBC's, Dwyer Organizations: of Labor Statistics

☆ UK Libor trader Hayes loses appeal against rate-rigging conviction
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: +1 min

Thomas Hayes, a former trader at banks including UBS Group AG and Citigroup, on Aug 3, 2015. Tom Hayes, the first trader jailed worldwide for interest rate rigging, lost his appeal against his conviction in a London court on Wednesday. Hayes, a former star Citigroup and UBS trader, was convicted in 2015 of conspiracy to defraud by manipulating Libor, a benchmark rate once used to price trillions of financial products globally. His appeal against his conviction was heard alongside that of Carlo Palombo, a former Barclays trader convicted in 2019 of skewing Libor's euro equivalent, Euribor. Hayes and Palombo were given 14 days to apply for permission to appeal to the Supreme Court.

Persons: Thomas Hayes, Tom Hayes, Hayes, Libor, Carlo Palombo, Palombo's, David Bean, Palombo Organizations: UBS Group AG, Citigroup, UBS, Prosecutors, London, Barclays, Deutsche Bank, Supreme Locations: London, U.S

☆ Why a recession is 4 times more likely than an economic expansion this year, according to economist David Rosenberg
▼ + stars: | 2024-03-19 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Read previewEconomist David Rosenberg has been sounding the recession alarm in recent months, and he now thinks that the likelihood is much greater that the US sees a contraction this year. The head of Rosenberg Research said he believes that a recession is four times more likely than an economic expansion, and it's just a matter of time as more signals kick in until the recession narrative comes back into focus. [H]istorically, when that's happening, unless it's an aberration, you have a four times greater chance of being in a recession than in an expansion. I think the recession narrative is going to come back, you know, in a, in a fuller view," Rosenberg said. And what that's telling you is that it's getting tougher and tougher for the backlog of unemployed to find a new job," he said.

Persons: —, David Rosenberg, Rosenberg wasn't, Christopher Columbus, Isabella Ferdinand, it's, Rosenberg, They've Organizations: Service, Rosenberg Research, Business, CNBC Locations: United States

☆ Polls Missing US Economy's Strength Will Make the Next Recession Worse
▼ + stars: | 2024-03-12 | by ( George Pearkes | ) www.businessinsider.com time to read: +12 min

By underweighting the experience of certain groups — especially lower-income or frontline workers — policymakers could learn the wrong lessons from the post-pandemic economy. The Great DivergenceIf you ask Americans how the economy is doing, the general sentiment can be summed up in one word: bad. Similarly, the Conference Board's consumer confidence data isn't quite at its post-Great Recession lows, but it's far below its 2017-19 average. The ASEC data uses a very large sample to provide the best possible insight into households' economic well-being, with more than 75,000 households participating. Similarly, the focus on the prospect of a recession soared, even outdoing the period in 2020 when the economy was actually in a recession.

Persons: it's, —, Pew Organizations: University of, Conference, Labor Statistics, Government, Bureau of Labor Statistics, NFL, Minnesota Vikings, Green Bay Packers, Chicago Bears, BLS, Census, Federal Locations: telemarketers, nonresponses

☆ Opinion | The School Issues We’re Battling Over Aren’t the Ones That Matter
▼ + stars: | 2024-03-06 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +1 min

A Florida school district, facing pressure about “nudity” in schools, removed from shelves a picture book that showed an illustration of a goblin’s bare bottom. Some students were saved from debauchery when school officials colored in a pair of pants on the goblin. “The freedom to read is under assault in the United States — particularly in public schools,” PEN America warned in a report last year. Listen to conservatives, and they argue that the crisis in American schools is the opposite: It’s about leftist teachers propagandizing on critical race theory and giving kids new pronouns while denying them safe bathrooms. Donald Trump has promised to defund “any school that’s pushing critical race theory, transgender insanity and any other inappropriate racial, sexual or political content on our children.” He added: “This is what must be done to save our country from destruction.”

Persons: Donald Trump, defund, ” Organizations: ” PEN Locations: Florida, United States

☆ We really shouldn't have expelled George Santos, House Republican says
▼ + stars: | 2024-02-14 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Rep. Mike Collins is pointing fingers at the more than 100 Republicans who voted to expel Santos. AdvertisementRep. Mike Collins is taking one lesson from Tuesday night's special election in New York: Republicans shouldn't have joined with Democrats to expel George Santos from Congress. the Georgia Republican wrote shortly after former Democratic Rep. Tom Suozzi was declared the winner of the special election in New York's 3rd congressional district. — Rep. Mike Collins (@RepMikeCollins) February 14, 2024Collins isn't alone in lamenting the loss of Santos recently. In reality, the special election loss on Tuesday may have come down to the GOP's aversion to early voting.

Persons: George Santos's, Mike Collins, Santos, —, Republicans shouldn't, George Santos, Tom Suozzi, Collins isn't, Alejandro Mayorkas, Mazi Pilip Organizations: Service, Republicans, Congress, Democrats, Georgia Republican, Democratic Rep, Republican, —, GOP Locations: New York, New York's

☆ Bud Light’s Super Bowl commercial leans on humor after a year of turmoil and controversy
▼ + stars: | 2024-02-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Bud Light is back at the Super Bowl, this time with a funny “genie” to grant drinkers’ wishes. The 60-second spot, called “Easy Night Out,” is part of Bud Light’s year-long rebrand that debuted at last year’s Super Bowl. The brand has been in crisis mode ever since, and the Super Bowl commercial is part of its effort to turn around perception. “We wanted to get back to the humor the brand has been known for,” Bud Light’s vice president Todd Allen told CNN. 2024 BUD LIGHT SUPER BOWL COMMERCIAL | EASY NIGHT OUT | EASY TO DRINK EASY TO ENJOY :60Bud Light launched its new campaign — “Easy to Drink.

Persons: Bud Light, ”, ’, Bud Light’s, Bud, “, ” Bud Light’s, Todd Allen, Post Malone, Bud Light Seltzer, Peyton Manning, Dana White, BUD, Miles Teller, Keleigh, influencer Dylan Mulvaney, Allen, Heinerscheid, it’s “, isn’t, ” Allen, “ We’re Organizations: New, New York CNN, Super, CNN, “, NFL, UFC, Parent, Anheuser, Busch, Modelo, Miller Lite Locations: New York

☆ Stanley Black & Decker's guidance pressures the stock. But Cramer says buy the dip
▼ + stars: | 2024-02-01 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

Stanley Black & Decker reported mixed fourth-quarter results Thursday but beat expectations on the metrics that matter most to our investment thesis — evidence the toolmaker's turnaround strategy is working to plan. Bottom line The roughly 4% decline in Stanley Black & Decker is overdone, giving investors a chance to buy a stock that is poised to benefit from the Federal Reserve likely lowering interest rates later this year . "I would take action on Stanley Black & Decker," Jim Cramer said Thursday. Guidance Stanley Black & Decker expects organic revenue in 2024 to be approximately unchanged year over year at this midpoint of its guidance. A worker assembles steel tool chests at a Stanley Black & Decker Inc. Craftsman Tools manufacturing facility in Sedalia, Missouri, U.S., on Tuesday, July 17, 2018.

Persons: Stanley Black, Decker, Jim Cramer, Stanley, Patrick Hallinan, Hallinan, Jim Cramer's, Jim Organizations: Revenue, LSEG, Federal, Stanley, Management, Wall Street, FactSet, Industrial, Stanley Infrastructure, Epiroc, Mizuho Securities, CNBC, Decker Inc, Tools, Bloomberg, Getty Locations: Sedalia , Missouri, U.S

Many of the “over-reported records” in the audit were because of bad data entry processes, "rather than intentional falsification of traffic stop data,” said the report, commissioned by Gov. The investigators, however, also said they found “significant failures” by state police in reporting accurate traffic stop information to a statewide databased used to analyze any potential racial profiling by police. The audit said 130 troopers had been identified as having a significant disparity between traffic stop information submitted to the database compared with the court system. State police have been reviewing the traffic citation data. What we have seen is information that provides explanations for why some of the data may have been inaccurate.”

Persons: “, ”, Ned Lamont, Attorney Deidre Daly, —, Lamont, Ken Barone, ” Barone Organizations: Gov, U.S, Attorney, University of Connecticut, UConn, Justice, Transportation Locations: HARTFORD, Conn, Seven Connecticut

The number of new cancer cases in the U.S. is expected to top 2 million for the first time in 2024, based on new research that also points to shifting age patterns among cancer patients and a troubling increase in overall cancer incidence among people younger than 50 . The American Cancer Society’s latest statistical report, released on Wednesday, says the country’s cancer mortality rate fell by 33% from 1991 through 2021. Prostate cancer incidence increased by about 3% per year after experiencing a nearly 40% drop from 2007 to 2014. Overall, researchers project 2,001,140 new cancer cases and 611,720 cancer deaths will occur in the U.S. in 2024. Lisa Lacasse, president of the American Cancer Society’s advocacy affiliate, the American Cancer Society Cancer Action Network, said the report’s findings underscore a need for policies that help to address such disparities.

Persons: “ We’re, ” Rebecca Siegel, we’ve, ”, Ahmedin Jemal, Jemal, Lisa Lacasse Organizations: Cancer, American Cancer Society, American, Pacific, American Cancer, American Cancer Society Cancer Action Network Locations: U.S, California, Wyoming . U.S, Maine, Utah, Alaska, Pacific Islander

☆ Boomers Haven't Saved Enough for Retirement; Gen Z Will Have to Pay
▼ + stars: | 2024-01-10 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +11 min

According to Census Bureau data, 44% of boomers are at retirement age and millions more are soon to join them. And since younger boomers are less financially prepared for retirement than their older boomer siblings, the problem is bound to get worse. AdvertisementAs boomers continue to age out of the workforce, it's going to put strain on the healthcare system, government programs, and the economy. Not all boomers are richIt's undeniable that some boomers will enjoy a cushy retirement. The median retirement account for that age group has only $200,000 — meaning that half of 65- to 74-year-olds have even less saved up.

Persons: —, it's, Rita Choula, Stevie Kuenn, Kuenn, Choula, Caregiving, Gen Organizations: Federal, AARP, Institute, Consumer Finances, Social Security, National Council, Medicare, Pew, National Alliance, American Health Care Association, Department of Homeland Security Locations: —, Chicago, Ohio, America

The stock market had quite the November — the best month of 2023. The stock market is inherently unpredictable, and past performance does not always indicate future results. Consider rebalancingAs the stock market surges, some of your investments have grown significantly, potentially skewing your portfolio's balance. The stock market's upward trajectory can create a false sense of security, as profits seem endless. Keep a cash cushionWhile investing in the stock market is a great way to build wealth, it's equally important to maintain an emergency fund.

Persons: —, It's, Read, you'll Organizations: Service, Nasdaq, SoFi

Neither of the weekend’s top new releases — “Wish” and Ridley Scott’s “Napoleon” — could keep up with Lionsgate's “Hunger Games” prequel. With an estimated budget of $200 million, “Napoleon” may still have a long road to reach profitability for Apple, which partnered with Sony to distribute “Napoleon” theatrically. “Wish," at least, is faring better than Disney’s Thanksgiving release last year: 2022's “Strange World" bombed with a five-day $18.9 million opening. Alexander Payne's film starring Paul Giamatti as a boarding school instructor made $3.8 million over the five-day weekend. Ticket sales overall reached $172 million in U.S. and Canada theaters over the five-day holiday weekend, according to Comscore.

Persons: ”, Ridley Scott’s “ Napoleon ” —, Lionsgate's, Panem, Napoleon ”, Joaquin Phoenix, Vanessa Kirby, Joséphine de Beauharnais, Napoleon, Martin Scorsese’s, “ Napoleon ”, “ Ralph, Coco ”, Chris Buck, Jennifer Lee, Ariana DeBose, Chris Pine, Critics weren't, ’, Paul Dergarabedian, We're, “, Barry Keoghan, Jacob Elordi, Bradley Cooper's, Maestro ”, Alexander Payne's, Paul Giamatti, Comscore, “ Napoleon, “ Taylor Swift Organizations: Walt Disney Co, Rotten, Apple Studios, Apple, Sony, Disney, Marvel, DreamWorks, Universal Pictures, Amazon, MGM, Netflix, it's, “ Locations: Waterloo, Oxford, Canada

☆ Trump should be allowed to pressure witnesses in his election interference case depending on 'the context,' his lawyer tells judges
▼ + stars: | 2023-11-20 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Trump's legal team argued against his gag order in his upcoming election interference trial. AdvertisementA panel of three judges on Monday appeared highly skeptical of arguments from Donald Trump's legal team seeking to revoke a gag order that bars him from attacking potential witnesses in his election interference criminal case. Depending on "the context," Lauro argued, Trump would be permitted to pressure possible witnesses not to cooperate with prosecutors. The gag order in the election interference case is separate from a gag order in another ongoing civil trial against Trump in New York. He found that Trump violated it earlier in November, though an appeals court on Thursday temporarily lifted the order.

Persons: Trump, —, Donald Trump's, John Lauro, Lauro, Patricia Millet, X, Mike Pence, — Lauro, Tanya Chutkan, they've, Sam Bankman, Cornelia Pillard, Laura, Jack Smith, Mark Meadows, weaklings, Chutkan, MANDEL NGAN, Millet, Barack Obama, Joe Biden, Smith, Cecil Woods VanDevender, Bill Barr, We've, Judge Arthur Engoron Organizations: Prosecutors, Service, United States, Appeals, DC Circuit, Trump, US, Capitol, Justice Department, Republican, Getty Locations: New York, FTX, AFP

☆ New York City Marathon: ‘Super shoes’ have ‘blown distance running into a new stratosphere.’ Are they benefitting the sport?
▼ + stars: | 2023-11-03 | by ( George Ramsay | ) edition.cnn.com time to read: +12 min

Michael Reaves/Getty ImagesThe two records in quick succession heightened the debate about how carbon-plated shoes – commonly referred to as “super shoes” – are rapidly changing the distance-running landscape. Today, they are worn by virtually all elite marathon runners, both for racing and for training, and by many casual runners, too. Tobias Schwartz/AFP/Getty ImagesThompson has other reservations about super shoes. “A lot of people say, well, people recover faster from training in the super shoes and therefore they can do more training, better training,” he added. “What I believe I’m seeing is that those who train all the time in super shoes will reduce their body’s ability to optimize biokinetic energy production.

Persons: Assefa, Bjørn Gulden, Kelvin Kiptum, Eliud Kipchoge, Michael Reaves, Peter Thompson, what’s, ” Thompson, … who’s, who’s, Thompson, hadn’t, I’ve, ”, Luciano Lima, “, ” Thomas Allen, Tobias Schwarz, Sifan Hassan, Chicago –, haven’t, ” Tim Hutchings, ” Hutchings, they’re, it’s, It’s, Jaroslav Svoboda, Hutchings, “ We’re, Eliud, Tobias Schwartz, “ I’m Organizations: CNN, Berlin Marathon, Adidas –, Chicago Marathon, Nike, Reebok, Adidas, Getty, Berlin, Runners, Manchester Metropolitan University, World Athletics, York City Marathon, Puma, Athletics Locations: Berlin, Chicago, Great Britain, Prague, York

☆ Take advantage of this stock market correction and another quarter of strong earnings by making these 10 moves now, according to top strategists at 4 investment firms
▼ + stars: | 2023-11-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The S&P 500 is down 7% since the start of September and briefly entered correction territory from its summer high last week. However, strategists say these threats are mostly priced into stocks, but higher earnings aren't. After three straight quarters of contracting profits, both BofA and UBS expect earnings to grow at least 3% year-over-year in Q3. "Within the context of our expectations for a continued choppy backdrop, we are incrementally more positive," Lerner wrote in a late October note. Truist's more constructive view on equities is based on strong results so far in Q3, Lerner wrote.

Persons: Oppenheimer, Savita Subramanian, Marcelli, David Lefkowitz, Lefkowitz, John Stoltzfus, Stoltzfus, Keith Lerner, Lerner, it's, Truist, Mark Haefele Organizations: Bank of America, UBS, Bank of America's, Equity, UBS Global Wealth Management, Federal Reserve, Israel, Oppenheimer Asset Management Locations: Israel, Ukraine, Truist, Real, Charlotte

ST. LOUIS (AP) — St. Louis County Prosecuting Attorney Wesley Bell announced Monday he will drop his bid to unseat Republican U.S. Sen. Josh Hawley in 2024, and will instead make a run at a fellow Democrat — U.S. Rep. Cori Bush. Bell, 48, will oppose Bush in the 2024 Democratic primary for Missouri's 1st Congressional District seat that covers St. Louis and part of St. Louis County. Two years earlier, Bell pulled an equally surprising upset when he unseated Bob McCulloch as St. Louis County prosecutor. On Oct. 11, McCaskill posted on X, formerly known as Twitter, a St. Louis Post-Dispatch story headlined, “St. A St. Louis County grand jury declined to indict Wilson, who later resigned.

Persons: — St, Wesley Bell, Sen, Josh Hawley, —, Cori Bush, Bell, Bush, Louis, ” Bell, Michael Brown, William Lacy Clay, Bob McCulloch, Hawley —, I’ve, wasn't, Steve Roberts, Democratic U.S . Sen, Claire McCaskill, McCaskill, Louis ’ Cori Bush, ”, ” McCaskill, Lucas Kunce, Hawley, Ferguson, Darren Wilson, Brown, Critics, McCulloch, Wilson, St Organizations: LOUIS, —, Republican U.S, — U.S . Rep, Democratic, Missouri's, Congressional District, Democrat, Democratic U.S ., Twitter, Louis Post, Dispatch, Democratic Senate, Marine, Ferguson City Council, U.S . Department of Justice, Republican Locations: Louis, St, Louis County, Israel, Ferguson , Missouri, Missouri, Washington, “ St, Ferguson

Search resuls for: "skewing"

25 mentions found