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AdvertisementWhen is the Nordstrom Anniversary Sale? The 2024 Nordstrom Anniversary Sale is happening for everyone from July 14 until August 4. You can apply here for the Nordstrom card and get inducted into the Nordy Club, which gets you early access to the Anniversary Sale. Here's when you can start shopping Nordstrom Anniversary Sale dates based on your Nordy Club status. AdvertisementHow to maximize discountsThe best way to maximize discounts during the anniversary sale is to get a Nordstrom credit card.

Persons: Jeans, you'll, hasn't, Giorgio, Bobbi Brown, Trish McEvoy Organizations: Business, Nordstrom, tote, Nordy Locations: Longchamp, concealer

☆ 'The Umbrella Academy' showrunner accused by 12 staff members of 'toxic' behavior. He called the allegations 'false and outrageous.'
▼ + stars: | 2024-07-01 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Read previewA showrunner on "The Umbrella Academy" has been accused by 12 staff members of "toxic" behavior, including bullying and sexism, while working on the cult Netflix show. "The Umbrella Academy," which was released on the streamer in 2019 and has run for three seasons, follows a group of superheroes who were around the world at the same time before being raised by a mysterious billionaire. AdvertisementRolling Stone spoke to 12 writers and support staff who worked on "The Umbrella Academy" who shared their concerns about showrunner Steve Blackman. Jesse McKeown, the co-showrunner of "The Umbrella Academy" season four, claimed that he butted heads with Blackman over another writer's pay. Representatives for Blackman and Netflix did not immediately respond to Business Insider's request for comment.

Persons: —, Gerard Way, Gabriel Ba, Steve Blackman, Blackman, wasn't, Jesse McKeown Organizations: Service, Netflix, Umbrella Academy, Business, Nielsen, Academy, Universal Content Productions, Writers Guild of America, Stone

☆ We're buying more of this media stock because it does not reflect catalysts ahead
▼ + stars: | 2024-07-01 | by ( Zev Fima | ) www.cnbc.com time to read: +3 min

With Disney shares back under $100 each, we're stepping back in to take advantage of what we see as an enticing risk/reward. DIS YTD mountain Disney YTD A stock trading down to its long-term moving average and trading at a cheap valuation does not mean it's automatically a buy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, we're, it's, Jim Cramer, Jim Organizations: Disney, DIS, CNBC Locations: Parks

☆ Investors wondering if the S&P 500's strong year can continue should watch this key chart metric, says Bank of America
▼ + stars: | 2024-07-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Investors deliberating whether the stock rally can continue in the second half of 2024 should keep an eye on the 200-day moving average, according to Stephen Suttmeier, technical research strategist at Bank of America Securities. The indicator, which is used by chart analysts to determine long-term trends, has been positive during the first six months of the year — as the S & P 500 surged 15% to record levels. The broad market index did not have a single daily close below its 200-day moving average in the first half. However, if the S & P 500 falls below its 200-day moving average in the second half of 2024, that will mean weaker returns, the technician said. "[This] scenario shows average and median returns of 0.60% (SPX 5490) and 2.43% (SPX 5590), respectively," the technician said.

Persons: Stephen Suttmeier, Suttmeier, Stocks, Donald Trump Organizations: Bank of America Securities, U.S, Federal Reserve

Learn moreNordstrom's Anniversary Sale is here and it's one of the best times to save on brands you already know and love. This is their best sale of the year, with deeper discounts than you'll find during any of their other promotions. AdvertisementWhen is the Nordstrom Anniversary Sale? The 2024 Nordstrom Anniversary Sale is happening for everyone from July 14 until August 4. Here's when you can start shopping Nordstrom Anniversary Sale dates based on your Nordy Club status.

Persons: Jeans, you'll, hasn't, Giorgio, Bobbi Brown, Trish McEvoy Organizations: Business, Nordstrom, tote, Nordy Locations: Longchamp, concealer

☆ Reopen N.Y.C. Libraries on Sundays? Yes. Free 3-K for All? Not Quite.
▼ + stars: | 2024-06-28 | by ( Emma G. Fitzsimmons | Jeffery C. Mays | ) www.nytimes.com time to read: +1 min

But other key programs were not made whole, including a popular and free preschool program for 3-year-olds. This budget is particularly significant for Mr. Adams, a Democrat who is running for re-election in a competitive primary next June. Mr. Adams has insisted that major budget cuts were necessary to help offset the costs of the migrant crisis, new union contracts for city workers and the ending of federal pandemic aid. The mayor and the City Council speaker, Adrienne Adams, adopted a celebratory tone at the announcement at City Hall, smiling and holding a model airplane to show that they had “landed the plane” as promised. Mr. Adams said they had found comity to fund important programs as the city faces major financial challenges.

Persons: Eric Adams, Adams, Adrienne Adams Organizations: City Council, New York, Democrat, Mr, City Hall Locations: New York City

☆ Analysts love these cheap dividend-paying stocks heading into the second half
▼ + stars: | 2024-06-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The stock market has had a hot first half, with the S & P 500 up roughly 15%, but there are still opportunities for investors to find cheap names with solid dividends. They also have upside to the average analyst price target of 10% or more, according to FactSet. The S & P 500 energy sector has also done well this year, up more than 9% so far. SLB has a whopping 41.5% upside to the average price target, while ConocoPhillips has more than 27% upside to the average price target. About 68% of analysts covering the stock rate it a buy or overweight, and it has nearly 22% upside to the average price target.

Persons: Sempra, Baker Hughes, SLB Organizations: Federal Reserve, CNBC Pro, Hotels, Resorts, BMO, Utilities, ConocoPhillips, Analysts, Oil, Hasbro, Bank of America Locations: SLB

☆ Here’s what typically happens to the stock market next after such a strong first half
▼ + stars: | 2024-06-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Even better: The fact that the S & P 500 has performed so well this year makes the outlook sweeter. In years with the S & P 500 climbing more than 10% in the first six months, it jumped 7.9% in the typical second half. Presidential election years also typically bring returns in the second half of the year, according to Stovall's data. For the entire second half, the S & P 500 has climbed 3.5% on average. Some investors are wondering how much farther the S & P 500 can run up after notching all-time highs this year.

Persons: CFRA Research's Sam Stovall Organizations: Federal Reserve, CNBC

☆ Uber and Lyft drivers share their top strategies for getting you to leave a tip — and why going the extra mile for riders often isn't worth it
▼ + stars: | 2024-06-27 | by ( Noah Sheidlower | Jacob Zinkula | ) www.businessinsider.com time to read: +10 min

Read previewChristina, an Uber and Lyft driver in Las Vegas, said about half of her passengers tip on a good day. Some riders have told her they don't know how to tip, forcing her to show them on the app. Ride-hailing drivers told Business Insider that customer tips are hard to come by. Related storiesSome drivers like Jillian, 67, who drives in Santa Clarita, California, have a simple solution for getting more tips — asking riders directly. The inconsistency is working against some driversAlex Santiago, a 48-year-old Uber driver in northern Virginia, used to dress business casual and catered music to passengers.

Persons: —, Christina, she's, I've, Christina isn't, Uber, Nick Leighton, Lyft, Stuart, Marilyn Cassady, Cassady, there's, Jillian, it's, Alex Santiago, Santiago, Jason S, he's, hasn't, Jason, Andre Kingston, she'd, Kingston Organizations: Service, Business, Wolves, BI, Gridwise Locations: Las Vegas, United States, Austin, Myrtle Beach , South Carolina, Santa Clarita , California, Virginia, Detroit, Phoenix

☆ NFL hit with $4.7 billion verdict in ‘Sunday Ticket’ antitrust trial
▼ + stars: | 2024-06-27 | by ( ) edition.cnn.com time to read: +2 min

Jurors in Los Angeles agreed with the plaintiffs that the NFL conspired with member teams to artificially inflate the price of “Sunday Ticket” for millions of residential and commercial subscribers. The jury awarded $4.6 billion to a residential class, and $96 million to commercial subscribers such as bars and restaurants, according to an attorney for the plaintiffs. A judge could award triple damages under US antitrust law, bringing the total judgment to more than $14 billion. The plaintiffs are DirecTV subscribers who bought “NFL Sunday Ticket” between June 2011 and February 2023. The case includes at least 2.4 million residential customers and 48,000 commercial subscribers like bars and restaurants, according to court records.

Persons: “ Organizations: National Football League, NFL, DirecTV, YouTube, Google, AT, CBS, Fox Locations: California, Los Angeles

☆ Here's why your July 4th barbecue may be pricier this year
▼ + stars: | 2024-06-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Miodrag Ignjatovic | E+ | Getty ImagesAmericans firing up their grills for Fourth of July celebrations will likely pay more for some traditional barbecue staples this year. The average cookout for 10 people will cost $71.22 this year, up 5% from 2023 and about 30% five years ago, according to an American Farm Bureau Federation estimate. That said, consumers have seen prices fall for some specific barbecue items like chicken breast and potatoes, the Farm Bureau said. Meat (including ground beef, pork chops and chicken breast) accounts for 50% of the total cost of an Independence Day barbecue, according to the Farm Bureau. Two pounds of potatoes cost $1.53, down 17%, the Farm Bureau said.

Persons: Miodrag Ignjatovic, That's, Courtney Schmidt, Luke Sharrett, Adene Sanchez, Schmidt Organizations: Getty, American Farm Bureau, Food Institute, CNBC, Farm Bureau, Bloomberg, Farm Locations: U.S, Wells, Wells Fargo's, Louisville , Kentucky, Wells Fargo

☆ N.F.L. Ordered to Pay Billions in Sunday Ticket Lawsuit
▼ + stars: | 2024-06-27 | by ( Ken Belson | ) www.nytimes.com time to read: +1 min

must pay almost $5 billion in damages for artificially inflating the price of Sunday Ticket, a subscription service offered by DirecTV that showed out-of-market games, a federal jury in Los Angeles decided on Thursday. Damages in antitrust cases like this are tripled by law, which means the league may have to pay more than $14 billion. The jury’s damages were most of what the plaintiffs lawyers were seeking. “We are disappointed with the jury’s verdict today in the N.F.L. Sunday Ticket class action lawsuit,” Brian McCarthy, a league spokesman, said in a statement.

Persons: “ It’s, ”, Bill Carmody, ” Brian McCarthy Organizations: DirecTV Locations: Los Angeles

☆ Levi's shares drop 12% as jeans maker's sales disappoint despite denim craze
▼ + stars: | 2024-06-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

The jeans creator on Wednesday posted fiscal second quarter revenue that fell just short of Wall Street's expectations at a time when shoppers are stocking their wardrobes with denim dresses, skirts and ultra-low-rise baggy pants. It's not clear how sales at Docker's were affected by the timing of Levi's wholesale orders. The changes are necessary because nearly half of Levi's sales these days are coming from its own website and stores. During the quarter, wholesale revenue grew 7%, but excluding the shift in timing of wholesale orders, sales in the channel decreased 4%. Singh noted that wholesale revenue improved on a sequential basis, but the company has a "conservative" view of the channel's growth moving forward.

Persons: hasn't, Levi Strauss, Levi's, Harmit Singh, Singh, Michelle Gass Organizations: LSEG, Finance, CNBC, Levi's, Nike Locations: U.S, Europe, Macy's

☆ Why the stock market could surge 4% to record highs by the end of July
▼ + stars: | 2024-06-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AdvertisementThe best days and weeks of the year for the stock market are around the corner. If history is a guide, that suggests the S&P 500 could surge 4% next month to record highs, according to Goldman Sachs. Goldman SachsWhat's more, recent market trends show that July as a whole has been incredibly bullish for the stock market. If similar seasonal trends play out this year, a near-4% gain would catapult the S&P 500 to a new record at 5,665 based on current levels. As to what could drive more bullish returns over the coming weeks, Rubner highlighted that a record cash pile of more than $7 trillion sitting in money market funds could soon flood the market.

Persons: Goldman Sachs, —, Scott Rubner, Rubner, NDX Organizations: Nasdaq, Service

Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore July 15, 2019. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. SEVERE CONGESTIONSingapore, the world's second-largest container port, has seen particularly severe congestion in recent weeks. "The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container freight prices from Asia to the U.S. and Europe have tripled since early 2024.

Persons: Edgar Su, Linerlytica, Yemen's, Jayendu Krishna, Drewry, PortCast, Niki Frank, Dimerco, Jonathan Gold, Judah Levine, Jared Bernstein, Gene Seroka, Peter Sand, Jeslyn Lerh, Lisa Baertlein, Lisa Barrington, Miyoung Kim, Kim Coghill Organizations: REUTERS, Retailers, Ships, Drewry Maritime Advisors, Singapore, Singapore's, Port Authority, Drewry, Keppel, Tuas, Maersk, DHL Global, Asia, Descartes, National Retail Federation, Container, U.S ., of Economic Advisers, U.S, DHL, Thomson Locations: Pasir Panjang, Singapore, SEOUL, SINGAPORE, Asia, Africa, Malaysia's Port Klang, Tanjung Pelepas, Shanghai, Qingdao, China, South Korea, U.S, Europe, U.S . East Coast, U.S . West, of Los Angeles, Los Angeles, Seoul

☆ Here's how bad housing affordability is now
▼ + stars: | 2024-06-25 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +4 min

Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today's housing market is unlike any other in recent history. The housing cost burden has hit a record, according to a new report from Harvard's Joint Center for Housing Studies. Housing supply was already low before the Covid pandemic hit, because homebuilders had yet to recover from the 2008 financial crisis. Then there was a pandemic-induced run on housing, causing supply to drop to record lows for several years.

Persons: Brian Luke, Dow, HJCH, homebuilders, Homebuilders couldn't, Orphe Divounguy Organizations: Mortgage News, Dow Jones, Harvard's, for Housing Studies

☆ Stocks making the biggest move premarket: SolarEdge, Pool Corp, Disney and more
▼ + stars: | 2024-06-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Here are the stocks making headlines before Wall Street's opening bell on Tuesday. SolarEdge Technologies — The green energy stock fell more than 17% after announcing a new debt offering. SolarEdge said it will offer $300 million worth of convertible notes, due 2029. Pool Corp — Shares sank 12.4% after the wholesale pool supplies distributor revised full-year earnings guidance postmarket Monday. Enerpac Tool Group — The industrial supplies stock fell more than 9% after reporting sales declined year over year in the fiscal third quarter.

Persons: Wall, SolarEdge, Raymond James, Walt Disney — Goldman Sachs, —, Alex Harring, Michelle Fox Theobald, Sarah Min Organizations: SolarEdge Technologies, Leslie's Inc, JPMorgan, Penn Entertainment, Disney, Microsoft, Xbox, Airbus — Locations: Singapore, France

☆ The 'Dogs of the Dow' are doing well even as investors chase Nvidia higher
▼ + stars: | 2024-06-25 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

A cohort known as the "dogs" of the Dow Jones Industrial Average is a changing list of stocks with the highest dividend yield at the end of each year. For those who subscribed to the dogs theory, there's largely been upside — with 7 of the 9 stocks beating the Dow. These stats are current as of Monday afternoon: Verizon runs the dog house with the highest current dividend yield at 6.6%. The stock also has a current dividend yield of 3.4%. While Goldman Sachs has seen the best year-to-date performance, the bank has the lowest current dividend yield on the list at just 2.4%.

Persons: It's, Michael O'Higgins, Dow, — Goldman Sachs —, FactSet, Bank of America's Tal Liani, Goldman Sachs Organizations: Dow Jones, Nvidia, Dow, CNBC Pro, Verizon, Cisco, Bank of America's, Walgreens Locations: FactSet

☆ Gold edges higher on softer yields; U.S. inflation data in focus
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials' comments through the week for fresh clues on the potential timing of the central bank's interest rate cut. Gold prices edged up on Monday as Treasury yields fell, while investors awaited key U.S. inflation data and Federal Reserve officials' comments through the week for fresh clues on the potential timing of the central bank's interest rate cut. Spot gold was up 0.2% at $2,325.53 per ounce as of 0333 GMT, after falling more than 1% on Friday. Benchmark 10-year U.S. Treasury yields edged down, making non-yielding bullion more attractive for investors. There are at least five Fed officials speaking this week, including San Francisco Fed President Mary Daly and Fed Governors Lisa Cook and Michelle Bowman.

Persons: Kyle Rodda, Rodda, Mary Daly, Lisa Cook, Michelle Bowman Organizations: Federal Reserve, Treasury, Capital.com, Traders, San Francisco Fed Locations: Capital.com .

☆ Stocks making the biggest moves midday: Sarepta Therapeutics, Hertz Global, Asana and more
▼ + stars: | 2024-06-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Hertz Global — Shares rose more than 10% after the car rental giant upsized a bond offering to $1 billion . Asana — The stock popped 10.5% after the software firm announced a share buyback plan that would cost $150 million. Nvidia — The chipmaker dropped another 1% following a 3.5% decline in the previous session. Gilead Sciences — Shares of the pharmaceutical company popped around 2%, adding to an 8.5% rally from the previous session. Palo Alto Networks — Shares rose 2.4% after D.A.

Persons: Gilead, LendingTree, Davidson, D.A, Boyd Gaming, Boyd, —, Alex Harring, Yun Li, Lisa Kailai Han, Hakyung Kim, Michelle Fox Organizations: Therapeutics, U.S . Food, Drug Administration, FDA, Hertz, Nvidia, Gilead Sciences, Bloomberg, Palo Alto, D.A, Penn Entertainment, Boyd, Reuters, Boeing Locations: U.S, Gilead, Palo, cybersecurity, Thursday's

☆ Gold set for weekly gain on U.S. rate-cut optimism, geopolitical woes
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Spot gold was up 0.1% at $2,360.95 per ounce as of 0344 GMT, after hitting a two-week high in the previous session. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. Spot silver fell 0.4% to $30.60 per ounce, platinum was up 0.4% at $982.45 and palladium gained 0.8% to $930.98.

Persons: Bullion, Kelvin Wong, Wong, Luca Santos Organizations: U.S . Federal, Asia Pacific, Gaza, ACY Locations: Gaza, OANDA, U.S

☆ This pipeline stock could surge 17% on rising natural gas prices and coal phaseout, Argus says
▼ + stars: | 2024-06-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Pipeline operator Williams Companies offers a way for investors to play rising natural gas prices as demand grows due to the transition away from coal, according to the research firm Argus. "Our upgrade largely reflects our more bullish stance on natural gas prices," analyst Bill Selesky told clients in a research note Thursday. Demand for natural gas should rise due to hot weather conditions and the transition from coal to gas, while supply is constrained and inventories are low, the analyst said. The pipeline operator has rallied as natural gas prices have bounced back 70% over the past two months. "The power-hungry world we live in is rapidly turning to natural gas to generate this power," Armstrong said.

Persons: Williams, Bill Selesky, Selesky, Jenny Harrington, CNBC's, Harrington, Wells, Alan Armstrong, Armstrong Organizations: Williams Companies, Argus, U.S, Energy Information Administration, Williams, Asset Management, Street Locations: U.S, midstream, Tuesday's, Wells

Photographer: Kentaro Takahashi/Bloomberg via Getty ImagesAsia-Pacific markets were mixed as Japan's May core inflation data came in slightly cooler than expected. The country's core inflation rate — which strips out prices of fresh food — came in at 2.5%. A Reuters poll of economists expected the May core inflation reading to come in at 2.6%, compared to April's 2.2%. The so-called "core-core" inflation, which strips out prices of fresh food and energy, came in at 2.1%. This is lower than April's reading of 2.4%.

Persons: Kentaro Takahashi Organizations: Bloomberg, Getty Images, Bank of Japan Locations: Shibuya, Tokyo, Japan, Getty Images Asia, Pacific

☆ Angel Reese becomes first rookie in WNBA history to record seven straight double-doubles
▼ + stars: | 2024-06-21 | by ( Matias Grez | ) edition.cnn.com time to read: +1 min

CNN —Angel Reese set a new WNBA record by becoming the first rookie in history to record seven consecutive double-doubles. Only two-time MVP A’ja Wilson is averaging more rebounds per game than Reese. It was a comfortable wire-to-wire win for the Sky, who led by as much as 22 points in the third quarter. The Wings made a run to close the gap to nine points in the fourth but never looked like getting within striking distance. Marina Mabrey and Chennedy Carter finished with a team-high 19 points each for the Sky, while rookie Kamilla Cardoso finished a point shy of a double-double with nine points and 11 rebounds.

Persons: Angel Reese, ” Reese, “, ” Candace Parker, Reese, A’ja Wilson, Marina Mabrey, Chennedy Carter, Kamilla Cardoso, Arike Ogunbowale, Caitlin Clark’s Indiana Organizations: CNN, LSU, Chicago Sky, Dallas Wings, ESPN, Sky, Wings, Washington Mystics Locations: Chicago

☆ The man who dismembered tech CEO Fahim Saleh said he was so in love he was disturbed. Prosecutors say he was on Bumble.
▼ + stars: | 2024-06-21 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA Manhattan jury is about to decide the fate of Tyrese Haspil, the 25-year-old former personal assistant on trial for the brutal murder of his boss, tech CEO Fahim Saleh. That's the only major question," Roberts told the jury, arguing that his client was suffering from extreme emotional disturbance, or EED. Those thefts spiked when he got into the relationship, Roberts told the jury, referencing a graph of the embezzlements over time. When it was the government's turn to make closing arguments, prosecutor Linda Ford popped the love bubble.

Persons: —, Tyrese Haspil, Fahim Saleh, Saleh, Haspil, Sam Roberts, Roberts, Chauveau, Marine, Linda Ford, Ford, Bumble, April Newbauer Organizations: Service, Haspil, Business Locations: New York, Nigeria, Manhattan, France

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