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☆ I threw my son's Xbox out the window. Now, he's a national champion gamer playing for college scholarships.
▼ + stars: | 2024-07-28 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

My sons, Taylor and Tyler, started playing video games when they were 5 and 6. I had never heard of esports — or competitive video gaming — but at an open house, Taylor introduced me to the coach. Because of that, video gaming can now open up opportunities for students the same way traditional sports can, he said. Courtesy of Sherry WilliamsI was convinced, but I still had the rule that the boys couldn't play video games during the week. I even use the streaming platform Twitch to watch games that Taylor has played as if they're real sporting events.

Persons: —, Sherry Williams, Taylor, Tyler, Taylor couldn't, esports, I'm, Johnson, I've Organizations: Service, Business, Smith University

Mortgage rates have been prohibitively high this year for many would-be homebuyers. But as mortgage affordability improves throughout the next few months, more buyers should be able to find a home and mortgage payment that fits their budget. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Zillow, Mortgage, Association, Sky Locations: Chevron

☆ What is the Golan Heights and who are the Druze?
▼ + stars: | 2024-07-28 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +5 min

CNN —Tensions between Israel and the Lebanese militant group Hezbollah have reached new heights in the wake of a deadly rocket attack in the Israeli-occupied Golan Heights. Here’s what to know about the Golan Heights, and the religious and ethnic Druze minority that fell victim to the attack. What is the Golan Heights? More than 20,000 Druze live in the Golan Heights. Druze of the Golan Heights share the territory with around 25,000 Jewish Israelis, spread across more than 30 settlements.

Persons: Majdal Shams, Israel, Donald Trump, Israel’s, Golan, Jalaa Marey, Law, ” Organizations: CNN, Hezbollah, United Nations, UN, Golan Regional Council, Regional Council, UN Human Rights, Getty, Nation Locations: Israel, Lebanese, Golan, Majdal, Iran, Syria, Jordan, Lebanon, Syria’s, Damascus, Gaza, Egypt, Syrian, Majdal Shams, AFP, ”, Carmel, Galilee, Israel’s

☆ Black women are joining forces to support Kamala Harris’ presidential bid. Here’s what that looks like
▼ + stars: | 2024-07-28 | by ( Nicquel Terry Ellis | ) edition.cnn.com time to read: +8 min

Thousands of Black women organizers across the country are mapping out voter registration efforts and planning conference calls, campaign events and fundraisers. Harris herself has been working to reach Black women voters with stops at Black sorority conventions in recent weeks. “These are Black women values.”Harris is an alumna of Howard University, a historically Black institution. Eaddy said Black women are expecting this form of “dog whistle politics” and are prepared to defend Harris. She said she expects Black women will have a significant impact on voter turnout in November.

Persons: Jotaka Eaddy, Joe Biden’s, Eaddy, Biden, Kamala Harris, Harris, ” Eaddy, Harris ’, ” Harris, ”, Shavon Arline, Bradley, you’ve, ” Arline, Jasmine Crockett, Donald Trump, Crockett, ” Crockett, “, isn’t, Tamika Mallory, ” Mallory, SSRS, Trump, Tim Burchett, CNN’s Manu Raju, Trump’s, Ohio Sen, JD Vance, CNN’s Jim Acosta, Keisha Lance Bottoms, “ I’m, ” Bottoms, Andra Gillespie, ” Gillespie, Black Organizations: CNN, Win, Women, Alpha Kappa Alpha Sorority, Inc, Democratic Party, Black, Zeta Phi Beta Sorority Inc, Zeta Phi Beta, Pan, Hellenic Council, Democratic, National Council of Negro, Howard University, Texas Democratic, Harris ’, Harris . Tennessee Republican, Fox, Atlanta, Emory University, Biden Locations: South Carolina, Dallas, Indianapolis, Harris, Gaza, Harris ., HBCUs

☆ America's demand for skilled electricians is entering a boom cycle
▼ + stars: | 2024-07-27 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Every year, nearly 10,000 electricians either retire or change careers, but only about 7,000 new ones enter the field. "We're benefitting from a generation that's looking past high school and is not seeing a career going through the traditional four-year college pathway. Contributing to that shift are high school guidance counselors like Steve Schneider, who has advised students for 28 years, currently at Sheboygan South High School in Wisconsin. It offers high school students hands-on training alongside workers from local companies, introducing them to skilled trades and other occupations, which can lead to an apprenticeship after graduation. Among LATTC's 12,000 students, 4,600 are currently enrolled in electrician training, he said, adding that tuition is around $1,000 a year.

Persons: —, David Long, They're, Adrian Sauceda, We've, Sauceda, Thayer Long, IEC's Thayer Long, Steve Schneider, Schneider, Kohler, NECA's David Long, Bill Elarton, Selig, Alan Marzullo, Marzullo, NECA's Long Organizations: Bureau of Labor Statistics, BLS, National Electrical Contractors Association, International Brotherhood of Electrical Workers, Independent Electrical Contractors, IEC, Sheboygan South High School, Rockline Industries, Inspire Wisconsin, NECA, Electrical Training Alliance, Department of Labor, Los Angeles Trade, Technical College, Syracuse University's College of Professional Studies, Consortium, Micron Technology, Local, Micron Locations: U.S, Wisconsin, Sheboygan, America, Clay , New York

My father is an avid surfer who introduced me to the sport at a young age, and the freedom he felt in the ocean had a big impact on me. He faced challenges pursuing the sport, since it was historically reserved for white South Africans and beaches were segregated until 1989. Despite the obstacles he faced, my father never lost his love for the ocean and its power to heal. In 2018 I became the first Black South African surfer to qualify for the World Surf League Championship Tour, an elite professional competition. My parents being so proud of who they are makes me feel proud, too, and I work to continue that legacy.

Persons: he’d, He’d Organizations: Black, Surf Locations: South Africa, Cape Town

☆ Opinion | I Was a Kamala Harris Skeptic. Here’s How I Got Coconut-Pilled.
▼ + stars: | 2024-07-27 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +1 min

I remember the moment I knew that Kamala Harris was not the candidate for me in the 2020 presidential race. It was just a few days before the second Democratic primary debate, and college student debt had become an issue on the campaign trail. On July 26, 2019, Harris announced her student loan forgiveness program. That’s the new nomenclature for converts to the Harris 2024 fold — a phrase that comes from her mother, and that I’ll dig into later. But I want to be candid about something first: I’m a little embarrassed to be rooting for any politician.

Persons: Kamala Harris, Bernie Sanders, Elizabeth Warren, Harris, Pell Grant, Donald Trump, bicultural, Joe Biden Organizations: Democratic, milquetoast Democratic

Learn moreThis year's Olympic basketball lineup is shaping up to be an all-star showdown. We've scoured all of the streaming options out there to compile the best info on where to watch Olympic basketball, including free streaming options for select games. Where to watch Olympic basketball in the USAll Olympic basketball games will be available to live stream on Peacock. Where to watch Olympic basketball in AustraliaTons of Olympic coverage will be available to live stream through 9Now in Australia, a free option that only requires account creation to use. Where to watch Olympic basketball in FranceFrance.TV is the French home of the Olympics.

Persons: We've, —, Diana Taurasi, A'ja Wilson, Breanna Stewart —, LeBron James, Steph Curry, we've, Peacock, Stan Sport, ExpressVPN Organizations: Business, Tokyo, France, US, Olympic, NBC, Peacock, Sling, Bravo, Basketball, Eurosport, BBC, Olympics Locations: United States, Japan, Australia, USA, 9Now, France

☆ Climate change is gentrifying neighborhoods. In Miami, residents fear high prices — and a lost soul
▼ + stars: | 2024-07-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +16 min

Part of the building site of the Magic City development in Little Haiti. Among the properties is Sixty Uptown Magic City, billed as a collection of luxury residential units. Plaza Equity Partners, a real estate developer and one of the Magic City partners, did not respond to CNBC's requests for comment. Magic City development site in Little Haiti. Magic City investors also invested $31 million in the Little Haiti Revitalization Trust, created and administered by the City of Miami to support community revitalization in Little Haiti.

Persons: Greg Iacurci, Greg Iacurci MIAMI — Nicole Crooks, James Brown, Sam Cooke, Ray Charles, Aretha Franklin, Ella Fitzgerald, Jackie Robinson, Joe Louis, Overtown, Crooks, Nicole Crooks, Carl Gershenson, Gershenson, Moody's, Robert Zangrillo, Princeton's Gershenson, Andrew Rumbach, Chris Rogers, Rumbach, Brown, Fredericka Brown, Carolyn Donaldson, Greg Iacurci Carolyn Donaldson, Donaldson, David Arditi, Greg Iacurci Flood, Arditi, homebuyers, Han Li, Richard J, Grant, Todd Crowl, Urban Institute Paulette Richards, Richards, who's, Carl Juste, Greg Iacurci Carl Juste's, — Viter, Maria Juste, Little, Little Haiti —, " Juste, Juste, Neil Fairman Organizations: Lyric, Greg Iacurci MIAMI, Catalyst Miami, Princeton University Eviction, Magic City, Liberty City —, Dade, Harvard University, Florida International University, Magic City Innovation, Dragon, Miami ZIP, Liberty City, Miami, West Palm Beach, Boca Raton, Urban Institute, Marshall Fire, Photodisc, Georgia Institute of Technology, Brookings Institution, Macedonia Missionary Baptist Church, Macedonia Missionary Baptist, Grove Rights, Community Equity, Development, Developers, City, Aria Development, Federal Emergency Management Agency, University of Miami, Florida International University Institute of Environment, Women, Leadership Miami, Little Haiti, Magic City Innovation District, Dragon Global, Magic, Plaza Equity Partners, Lune, Lambert, Little Haiti Revitalization Trust Locations: Miami's Overtown, Miami, Overtown , Miami, Magic, Little Haiti, U.S, Zillow, Overtown, Allapattah, Liberty, Dade County, Kendall, West Palm, Delray, Honolulu, Louisville , Colorado, Colorado, Coconut Grove, Macedonia, West, West Grove, Bahamas, Grove, City of Miami, Brickell, Caribbean, Liberty City, Haitian Diaspora, Magic City, Lune Rouge

CNN —A week after announcing her run for president, Kamala Harris has yet to tell voters how she will address the key issues facing the nation. Harris has also touted the Biden administration’s efforts to lower drug costs, reduce child poverty, forgive student loan debt and remove medical debt from credit reports. Hefty student debt loads are also an area of interest to Harris. Experts credit Harris’ ability to secure private-sector investments as her most visible action in the region to date but have cautioned about the long-term durability of those investments. For President Biden and me, our sacred commitment to NATO remains ironclad.

Persons: Kamala Harris, Joe Biden, Harris, she’s, Biden, Donald Trump, ”, Roe, Wade, She’s, Trump, Immigration Biden, Benjamin Netanyahu, Biden’s, Netanyahu, ” Harris, –, ” Harris didn’t, Ukraine Harris, Volodymyr Zelensky, “, Vladimir Putin Organizations: CNN, America, “, Black, Zeta Phi Beta, Biden, Families, Wall Street, ConocoPhillips, Exxon Mobil, Senate, Green, Immigration, Department of Homeland Security, Partnership for Central America, Israeli, Munich, United States Congress, NATO Locations: Indianapolis, Minnesota, Biden’s, Canada, United Kingdom, France, Japan, Australia, Paris, Central America, Mexico, Israel, Gaza, “, Indiana, Ukraine

☆ A notorious market bear who called the 2000 and 2008 crashes warns his favorite valuation measure just hit all-time highs — setting stocks up for a potential 70% drop
▼ + stars: | 2024-07-27 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

But it's hard to argue against the track record of his most preferred valuation measure — total market cap of non-financial stocks to total revenue of those stocks — when it comes to long-term stock-market returns. Unfortunately for investors, the measure just hit an all-time high, topping levels seen in 1929, 2000, 2008, and 2022. Here's the metric:AdvertisementHussman Funds"Last week, our most reliable measure of stock market valuations hit the highest extreme in history," Hussman wrote in a July 20 commentary. AdvertisementWhile Hussman's valuation measure doesn't necessitate near-term losses, there is some evidence that stocks could soon face downside. And as the stock market ground mostly higher, he persisted with his doomsday calls.

Persons: —, John Hussman, Hussman, Jeremy Grantham Organizations: Service, Hussman Investment Trust, Business, Federal Reserve, Rosenberg Locations: recessionary

☆ Pete Buttigieg Thinks the Trump Fever Could Break
▼ + stars: | 2024-07-27 | by ( Lulu Garcia-Navarro | ) www.nytimes.com time to read: +1 min

There’s been this sudden vibe shift, if you will, in the Democratic Party since Biden dropped out. And as you described, the vibe shift is really extraordinary. Tear down obstacles — I mean, the obstacle many would say was President Biden himself. A new New York Times/Siena poll shows that over 80 percent of voters are happy that Biden dropped out. I think this is something the party was wrestling with for a long time.

Persons: There’s, Biden Organizations: Democratic Party, New York Times Locations: Siena

☆ Samsung hints at new products as it bets on AI to drive upgrades to its latest foldable phones
▼ + stars: | 2024-07-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

Samsung unveiled a slew of new products including foldable smartphones, new smartwatches and the Galaxy Ring. "I believe strongly that these Galaxy AI, mobile AI are strong motivation and driver for purchase of new products," he added. Still, many analysts don't expect these early AI apps alone to drive new phones sales. So we're going to provide and enhance Samsung software and apps for consumers," Roh said. He said that the hardware components required for foldable smartphones are improving, as is the relevant software.

Persons: Roh, Arjun Kharpal, Bixby, we'll Organizations: Galaxy, Samsung, CNBC, Samsung Electronics, Galaxy AI, Apple Intelligence, Apple, Google, Korean Locations: Paris, France, U.S, China

Chuo Ward, Tokyo, Japan - February 23, 2018; Top luxury shopping streets with multi colored neon signs. For the first half of the year, luxury group LVMH this week reported " exceptional growth in Japan arising in particular from purchases made by Chinese travelers." SHANGHAI — Luxury brands are seeing a surge in sales in Japan, largely driven by purchases from Chinese travelers taking advantage of a weak yen, according to earnings results this month. The income segment covers families in mainland China earning at least 30,000 yuan a month ($4,140, or about $50,000 a year). besides Hong Kong, across most luxury brands."

Persons: Yves, Yves Saint Laurent, Trip.com, Xiao Hong Shu, netizen, Oliver Wyman, Louis Organizations: Yves Saint, Burberry, U.S, Federal Reserve, Bank of Japan, South, Japan National Tourism Organization, CNBC Locations: Chuo Ward, Tokyo, Japan, Ginza, China, Southeast Asia, SHANGHAI, South Korea, Weibo, Sapporo, Hong Kong, Malaysia, France, Asia

☆ The stock market is gearing up for its rate cut era
▼ + stars: | 2024-07-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

Data Thursday showed the economy expanded at a robust 2.8% annualized rate during the second quarter, blowing past economists’ expectations. While the Fed has penciled in just one rate cut for this year, traders are betting on up to three, according to the CME FedWatch Tool. While the market was broadly higher on Friday, the S&P 500 and Nasdaq on Wednesday logged their worst daily performances since 2022. Shares of smaller companies tend to perform poorly when rates are high, since they have more floating rate debt than their larger counterparts. Investors are also picking at other areas of the market poised to gain when rates come down.

Persons: —, Dow, Russell, Stephen Lee Organizations: New, New York CNN, Federal Reserve, Big Tech, Nasdaq, MRB Partners, YouTube, Logan Capital Locations: New York

GLD 5Y mountain GLD The SPDR Gold Shares ETF is the world's largest, with BlackRock's iShares Gold Trust and iShares Physical Gold ETC the second and third, respectively. Other top physical gold ETFs include the Borse Commodities GmbH Xetra-Gold and the SPDR Gold MiniShares Trust . Gold mining ETFs Buying gold mining ETFs — which own shares of multiple gold mining companies — is another way to get exposure to gold, and Meyer described those backed by large banks as "relatively safe," in an email to CNBC. "Even though gold equities respond to changes in gold price, the degree of that response has deteriorated over time," he said, adding that the risks and costs of gold extraction can weigh on miners. A selection of gold bars and one-ounce gold coins at Gold Investments Ltd. bullion dealers in London, UK, on Tuesday, May 21, 2024.

Persons: Tom Price, Price, Berenberg, Robin Bhar, Amy Arnott, John Meyer, Colin Hamilton, BlackRock's, Meyer, Barrick Gold Panmure Liberum, George Milling, Stanley, they're, Morningstar's Arnott, Bhar, Chris Ratcliffe Organizations: CNBC, Panmure, Bank of America, Citi, UBS, Gold, Morningstar, SP, CNBC Pro, Royal Mint, BMO Capital Markets, Borse Commodities, MiniShares, Gold Miners ETF, Miners, Barrick, Resolute Mining, Hochschild, Caledonia Mining, Barrick Gold Panmure, Endeavour Mining, Endeavour, Pan, Resources, State Street Global Advisors, Gold Investments, Bloomberg, Getty Locations: Panmure Liberum, U.S . New York, United States, U.S, Hochschild Mining, Zimbabwe, London, West Africa, Berenberg

☆ Most luxury companies are struggling in China — except one
▼ + stars: | 2024-07-26 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +3 min

Read previewAs Chinese buyers eschewed local stores and poured into Japan this year in search of luxury bargains, one high-end powerhouse was an outlier. AdvertisementThe company's success in China comes as many of Hermès' industry peers saw China and Asia revenue sales tank from softening consumer demand. But most of Hermès' sales this year in China and Japan were largely from local customers, said Dumas. "Not very many foreigners buy Hermès in Japan, and the Chinese tend to buy in China." The luxury company reported overall sales revenue for the first half of the year of 7.5 billion euros, an increase of 12% compared to the same period in 2023.

Persons: —, Hèrmes, Hérmes, Axel Dumas, Burberry, Hermès, Dumas, Hermes Organizations: Service, Business, Hermès, Bloomberg Locations: Japan, Asia, China, Paris, Pacific, Europe, France

“This will be the first Olympics, since Sydney, where the total costs are coming in under $10 billion,” said Victor Matheson, a College of the Holy Cross professor of economics who has researched the financial costs of the Olympics. Workmen adjust banners on the 3x3 basketball venue located at La Concorde, in Paris, ahead of the 2024 Olympic Games. Additionally, the Paris Olympic Village will be converted into offices and housing in a historically impoverished neighborhood. Still, economists say, it may take more drastic moves in the future for the Olympics to be truly sustainable and economically sound. “I love the Olympics, and I love sporting events, but I just really do not think that the way the Olympics works now is a viable business model,” Phalin said.

Persons: ”, Victor Matheson, “, “ It’s, David Gray, Andrew Zimbalist, ” Zimbalist, Michael Kappeler, it’ll, Fabrice Coffrini, Zimbalist, ‘, Amanda Phalin, Christian Petersen, I’m, ” Phalin, you’ve, it’s, Andrew Medichini, shuttlecocks, Matheson, Phalin Organizations: CNN, Olympic, Paralympic Games, Paris Games, of, IOC, La Concorde, Getty, Mexico City Games, Montreal Games, Smith College, Olympics, Oxford University, Audit Board, Tokyo, Eiffel, Paris, University of Florida’s Warrington College of Business, Games, of Investment, Development Authority, French, ” Workers, Palais, AP Paris Locations: Paris, Sydney, La, AFP, Mexico, Munich, ” Los Angeles, Tehran, Beijing, Sochi, France, “, Lake Placid , New York, Lake Placid, ”, Los Angeles, Oklahoma

☆ 31-year-old once played guitar for $3 in tips—now he brings in up to $70,000 a month between music and real estate
▼ + stars: | 2024-07-26 | by ( Jennifer Liu | ) www.cnbc.com time to read: +6 min

Lin pours earnings from his day job into real estate. Managing rental properties: 'It's so minimal that I don't even consider it work'The majority of Lin's $1 million net worth is tied up in real estate. He chose to buy in Little Rock, where real estate prices are lower and rent is stable, he says. Lin bought a portfolio of three houses in March 2023, then another building in February 2024. Real estate takes up a lot of Lin's time when he's actively searching for a new place to buy, or when he's dealing with tenant turnover.

Persons: Moses Lin, Lin, Lin customizes, Sophie Epton, influencers, he'll, I'm, — I'm, I've, It's, he's, who's, we're Organizations: CNBC Locations: Southern California, Little Rock , Arkansas, California, Italy, Lake Como, Milan, Ireland, Dubai, Singapore, Chicago , New York, Little Rock

☆ The Olympics will challenge mobile-network providers to satiate 15 million attendees' hunger for internet connectivity
▼ + stars: | 2024-07-25 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +7 min

The Olympics will challenge wireless providers as 15 million people seek internet access at once. To meet that expectation, telecommunications companies must bolster Paris' 5G network, the technology system that powers users' mobile-internet access. Harnessing private 5G infrastructureOrange is installing cellphone antennas on boats and extension units in sporting venues to bolster its 5G network. It uses 5G's network-splicing capabilities to reserve a part of the public 5G network for private use. To support the 2024 Olympics' connectivity needs, network providers must prepare to rely on 5G's strength.

Persons: —, they'll, Bertrand Rojat, Rojat, wouldn't, Stephen Giles, Giles, Katherine Ainley, Leila Jordan Organizations: Service, Olympic Games, KT Corp, Olympic, Broadcasters, Prix, UEFA European Football, Stade de France, Rugby, Cisco, NTT Data, International Olympic Committee, Ericsson Locations: Paris, South Korea, Tokyo, France, Orange, French, Ireland

☆ Openness in AI is necessary to promote fair and competitive markets, said FTC's Lina Khan
▼ + stars: | 2024-07-25 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +6 min

"These conditions have allowed, in some instances, the biggest technology companies to get a layup in the AI space," Khan said. In particular, Khan called for AI models' weights to be publicly available. In the age of AI, Khan said both consumers and enterprises are uncertain of their data's protections when using foundation models. "We only focus on deals that have problems…it's a narrow set of deals that satisfy a narrow set of criteria." In March, Microsoft paid $650 million in a licensing deal to Inflection AI, an emerging OpenAI rival, to use its AI models and hire most of its employees.

Persons: —, Lina Khan, Khan, We've, you've, Jonathan Kanter, Kevin Dietsch, Kanter, execs Organizations: Service, Federal Trade Commission, FTC, Big Tech, Microsoft, Google, Business, Meta, Antitrust, Department of Justice, DOJ, Apple, Tech, New York VC, YC, Amazon Locations: OpenAI, America

☆ 'Deadpool and Wolverine' set for highest opening of an R-rated film
▼ + stars: | 2024-07-25 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Those marks include the highest domestic opening of 2024 and the biggest debut ever for an R-rated film. "Deadpool and Wolverine" is the 34th film to be released under the MCU banner and the first to garner an R-rating from the Motion Picture Association. The previous two Deadpool films, both rated R, were produced and released through 20th Century Fox. Jacob said "Deadpool and Wolverine" is filled with Easter eggs and audiences will return to try and see them all. There's also a genuine curiosity about how the MCU's first R-rated film will play out and hold to the qualities which made the first two Deadpool films and [Jackman's 2017 Wolverine film] 'Logan' so popular."

Persons: Mike Bowers, Fandango —, Ryan Reynolds, Deadpool, Bowers, Ellis Jacob, Jacob, Shawn Robbins, Disney, Robbins, Reynolds, Jackman, There's, Logan Organizations: Harkins Theatres, Marvel, Motion, Association, Century Fox, Disney, Cineplex Locations: Arizona, Canada

☆ Small caps are finally getting their moment in the sun. Here's why managers think the rally can last
▼ + stars: | 2024-07-25 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Instead, small caps spent the first half of this year doing what they've been doing for the last decade: falling behind. The Russell 2000 Value was up 10%, while the Russell 2000 having gained 11%. A sustainable rally Small caps have underperformed for roughly the last decade, but they've typically done better historically. Meanwhile, Teton Westwood's Galluccio thinks it can last much longer: "I think small caps stand to outperform for the next three years." "The last decade was the first time in many, many years when small caps underperformed, leading the talking heads to say that quality, quality, quality is large-cap growth.

Persons: Jerome Powell, they've, Russell, Nicholas Galluccio, It's, You've, I've, Mike Rode, Rode, Galluccio Organizations: Federal, TW Smallcap Equity, Fama, Investments, Panasonic, LSEG Locations: Fama French, De Soto , Kansas

☆ Why the market's smallest stocks will surge 15% in August, according to Fundstrat's Tom Lee
▼ + stars: | 2024-07-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The small-cap-heavy Russell 2000 will jump 15% or more in August, Fundstrat's Tom Lee told CNBC. Expectations of a Trump White house are also helping drive small-cap buying, Lee added. Fundstrat's Tom Lee told CNBC that the small-cap-focused Russell 2000 is likely to gain 15% or more through August, if history is any guide. Lee says the market's certainty in upcoming interest-rate cuts — expected to commence in September — is helping drive the small-cap rally. "The nine times it did that since 1979, when you were in a bear market, we were up 100% — one month, three months, six months, 12 months later," he said.

Persons: Russell, Fundstrat's Tom Lee, Lee, —, It's, He's, Donald Trump Organizations: CNBC, Trump, Service, tanking, Barclays

☆ Get a first look at Goldman Sachs' logo and website revamp that's been years in the making and is estimated to have cost millions
▼ + stars: | 2024-07-25 | by ( Emmalyse Brownstein | Reed Alexander | ) www.businessinsider.com time to read: +9 min

Two of these people said the aim of the years-long redesign — which also includes a fresh look for the Goldman website — was to give the firm's marketing materials a more "premium" feel. The photo was recently posted on Goldman's LinkedIn page Screenshot from Goldman Sachs' LinkedIn page"The Goldman Sachs wordmark is a piece of custom typography inspired by our heritage," the brand guidelines obtained by BI say. These people say they understand the changes cost Goldman Sachs millions of dollars. A screenshot of Goldman's website redesign plan with the G and the S joined on the right. Now fresher, brighter, and optimized for digital, the new Goldman Sachs blue is the only Goldman Sachs blue."

Persons: —, Goldman Sachs, Sachs, Emmalyse, David Solomon, Goldman Sachs wordmark, Goldman, Fiona Carter, Jones Knowles Ritchie —, Burger, Marcus, Reed Alexander Organizations: Service, Business, Goldman, BI, Goldman's, GS, Apple Locations: Goldman, Sachs, British

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