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☆ Oil prices fall on fear of high U.S. interest rates depressing demand
▼ + stars: | 2024-05-21 | by ( ) www.cnbc.com time to read: +2 min

Oil storage drums stacked in the Keihin industrial area of Kawasaki, Kanagawa Prefecture, Japan, on Monday, April 15, 2024. Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand. "Fears of weaker demand led to selling as the prospect of Fed rate cut became more distant," said analyst Toshitaka Tazawa at Fujitomi Securities. Lower interest rates reduce borrowing costs, freeing up funds which could boost economic growth and demand for oil. OPEC+ could extend some voluntary output cuts if demand fails to pick up, people with knowledge of the matter previously told Reuters.

Persons: Toshitaka Tazawa, Philip Jefferson, Michael Barr, Raphael Bostic, Ebrahim Raisi, Ayatollah Ali Khamenei, Mohammed Bin Salman, Fujitomi's Tazawa Organizations: Brent, . West Texas, Federal, Fujitomi Securities, Atlanta Fed, Reuters, Saudi Arabia's Crown, Iranian, Investors, Organization of, Petroleum Locations: Kawasaki, Kanagawa Prefecture, Japan, Saudi, OPEC

☆ Many people using GLP-1s for weight loss stop treatment too soon, research shows, and results are not one-size-fits-all
▼ + stars: | 2024-05-21 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +8 min

Professional organizations have set this as a guideline for when to reassess whether a treatment is providing clinically meaningful weight loss. People who met with their providers less frequently – and those living in underserved regions with broader health inequities – were more likely to discontinue GLP-1 treatment sooner. But using GLP-1 treatments are still an investment in many ways. These injected medications, called GLP-1 agonists, are in high demand because they have proved to be so effective for weight loss. And experts warn that the GLP-1 treatment process can be different for everyone.

Persons: ”, Disha, Wegovy, Jody Dushay, Beth, There’s, Razia Hashmi, ” Hashmi, it’s, “, Dr, Sanjay Gupta, ” Narang, ” Dushay Organizations: CNN, Endeavor Health, Beth Israel Deaconess Medical Center, Harvard Medical School, Shield, Dandelion Health, CNN Health, “ Locations: Chicago, –, GLP

☆ Lowe's CEO explains why the company is partnering with Big Tech
▼ + stars: | 2024-05-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Tuesday interview with CNBC's Jim Cramer, Lowe's CEO Marvin Ellison described the home improvement retailer's partnerships with Big Tech companies like Apple and Nvidia . Ellison said Lowe's offers a Chat GPT plug in that aims to better assist customers, adding that the company also has a program designed for Apple's Vision Pro. Lowe's peer Home Depot has also delved into the AI space by partnering with Alphabet . And like Home Depot, Lowe's is feeling the burden of high interest rates. "We're preparing to be at our best when the cycle turns up, and we know that's going to happen," he said.

Persons: CNBC's Jim Cramer, Marvin Ellison, We've, Ellison, Lowe's Organizations: Big Tech, Apple, Nvidia, Apple's Vision, Home Depot, Google

☆ Peloton shares drop after it announces refinancing to stave off cash crunch
▼ + stars: | 2024-05-20 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Peloton shares plunged on Monday after the connected fitness company said it is launching a "global refinancing," as it looks to stave off a cash crunch amid falling sales. Peloton plans to use the proceeds to buy back about $800 million of its 0% convertible senior notes, which are currently due in 2026, and refinance its existing term loan. Shares fell more than 12% in extended trading after Peloton announced the refinancing, but later regained some ground. In a letter to shareholders, the company said it is "mindful" of the timing of its debt maturities, which include convertible notes and a term loan. "Overall, our refinancing goals are to deleverage and extend maturities at a reasonable blended cost of capital," the company said.

Persons: Barry McCarthy, McCarthy, Goldman Sachs Organizations: JPMorgan

☆ What Donald Trump might do if he wins a second term in 2024
▼ + stars: | 2024-05-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

Read previewIn January 2025, Donald Trump may be sworn into office as the 47th President of the United States. Another Trump term, on the other hand, would likely entail a radical reversal from not just the previous four years, but even from Trump's first term in office. While not exhaustive, here's just some of what to expect in a second Trump administration. Miller told The New York Times that a second Trump administration would build "vast holding facilities that would function as staging centers" on "open land in Texas near the border." According to Bloomberg, Trump wants to extend those cuts in a second term.

Persons: —, Donald Trump, Joe Biden, Biden, Trump, Trump's, That's, mifepristone, Stephen Miller, Miller, Alex Wong, Nixon, shouldn't, he's, Israel, there's Organizations: Service, Business, Trump, The New York Times, Heritage Foundation's, Senate, Federal Communications Commission, Federal Trade Commission, Federal Reserve, Congress, TIME, Republican, National Guard, United, Department of Justice, Capitol Police, Atlantic Treaty Organization, State Department, Pentagon, Bloomberg, American, Security, Social Security, CNBC Locations: United States, Texas, CPAC, China, Ukraine, Gaza, Israel, Europe, Washington ,

☆ Why Jay Powell really wants to lower interest rates this September
▼ + stars: | 2024-05-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

It’s interesting to me that the equity market is cheering the idea that the Fed is going to be cutting rates. There tends to be a fine line between cutting rates and extending the economic cycle or cutting rates because the cycle is coming to an end (and the economy is softening). When the Fed is cutting rates, it’s cutting rates because a recession is about to happen, right? That’s why I say there’s a fine line between the Fed cutting to extend the cycle and the Fed cutting because a recession is about to happen. The Fed has been in this precarious space where they’re trying to avoid recession while lowering interest rates.

Persons: Dow, stoking, Bell, Tom Porcelli, Jerome Powell, Jay Powell, they’re, that’s, Donald, Goofy, Eva Rothenberg, Mickey Mouse, Snow White, Captain Hook, ”, Kate Shindle, “, Uber, Lyft, Jamie Long, Read Organizations: CNN Business, Bell, New York CNN — Markets, Federal Reserve, Fed, ’ Equity Association, Equity, National Labor Relations Board, Disneyland, Disney, ’ Equity, Walt Disney Company, Uber, Democratic, Minneapolis City Council Locations: New York, Anaheim , California, Minnesota, Minneapolis

☆ Musk launches SpaceX’s Starlink internet services in Indonesia, says more investments could come
▼ + stars: | 2024-05-20 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Musk launched on May 19 his Starlink service on Indonesia's resort island of Bali as the country aims to extend internet to its remote areas. Millions of people in Indonesia, a vast archipelago of more than 17,000 islands, are not currently hooked up to reliable internet services. (Photo by SONNY TUMBELAKA / AFP) (Photo by SONNY TUMBELAKA/AFP via Getty Images)Elon Musk has launched SpaceX's Starlink satellite internet services in Indonesia as the Southeast Asian nation seeks to boost internet connectivity in remote areas. SpaceX, which manufactures and launches advanced rockets and spacecraft, is also a developer of Starlink satellites which provide internet connectivity to remote locations. Communication and Informatics Minister Budi Arie Setiadi previously said Starlink would help Indonesia extend internet access to regions not covered by local internet providers, according to Indonesian news agency Antara.

Persons: Elon Musk, Budi Gunadi, Musk, SONNY TUMBELAKA, Budi Arie Setiadi, Starlink Organizations: Tech, Indonesia's Health, Getty Images, SpaceX, Communication, Informatics Locations: Denpasar, Bali, Indonesia, AFP, Southeast Asia, Malaysia, Philippines

☆ Inside Oracle's Deadly Gamble on Cerner and Electronic Health Records
▼ + stars: | 2024-05-20 | by ( Ashley Stewart | Blake Dodge | ) www.businessinsider.com time to read: +29 min

That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.

Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, —, Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld

Taiwan’s incoming president, Lai Ching-te, is poised to take office on Monday, facing hard choices about how to secure the island democracy’s future in turbulent times — with wars flaring abroad, rifts in the United States over American global security priorities, and political divisions in Taiwan over how to preserve the brittle peace with China. Mr. Lai has promised to steer Taiwan on a safe course through these hazards, a theme that he is likely to highlight in his inaugural speech on a public plaza in Taipei. He has said that he will keep strengthening ties with Washington and other Western partners while resisting Beijing’s threats and enhancing Taiwan’s defenses. Yet he may also extend a tentative olive branch to Beijing, welcoming renewed talks if China’s leader, Xi Jinping, sets aside his key precondition: that Taiwan accept that it is a part of China. “We’ll see an emphasis on continuity in national security, cross-strait issues and foreign policy,” said Lii Wen, the international director for Mr. Lai’s Democratic Progressive Party and an incoming spokesman for the new leader.

Persons: Lai Ching, Lai, Xi Jinping, “, ”, Lii Wen, Lai’s Organizations: Washington, Lai’s Democratic Progressive Party Locations: United States, Taiwan, China, Taipei, Beijing

☆ Hole-in-the-wall stand selling $5 tacos wins Michelin star in first Mexican edition of the prestigious guide
▼ + stars: | 2024-05-18 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Read previewA small taco stand in Mexico City has been awarded a much coveted Michelin star as part of the guide's first Mexican edition. GUSTAVO GRAF/ ReutersIn an online statement, the Michelin Guide celebrated its first Mexican edition: "What a joy it is to honor the uniqueness of the Mexican gastronomic landscape in Mexico City." Tire-manufacturing brothers André and Édouard Michelin released the first Michelin Guide in 1900 in an attempt to encourage motorists to try out restaurants around France. Another surprise Michelin award came in April when Disney World's Victoria & Albert's restaurant — which it calls its "culinary crown jewel" — earned a coveted star. In its review of the restaurant, the Michelin Guide said: "This restaurant is by no means an easy reservation, but the reward is a kind of magic rarely seen these days."

Persons: —, León, Rodolfo Gaona, El, GUSTAVO GRAF, Arturo Rivera Martínez, — Rivera Martínez, Hawker Chan, Chan, Mario Hernandez Alonso, Édouard Michelin Organizations: Service, Michelin, Business, Reuters, Associated Press, Chinatown Food, Media, Tire, Disney World's Locations: Mexico City, Mexican, San Rafael, Mexico, Chinatown, Malaysian, France

☆ LinkedIn says it intercepts the 'majority' of scams on its site — but job hunters say it's not enough
▼ + stars: | 2024-05-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

Yet they're still getting through often enough that the Federal Trade Commission has recently warned the public about the prevalence of fake job scams. AdvertisementThe 'fake check' scamChris Conwell had initially applied to a job ad on LinkedIn in early March. Fake check scams generally involve a supposed employer mailing a fraudulent check to the would-be employee they're attempting to scam. But, Conwell told Business Insider, something felt wrong. A representative for the company also pointed to internal statistics that indicate LinkedIn intercepts the majority of detected fake accounts and scams before fake recruiters can post.

Persons: —, they're, Chris Conwell, Conwell, Michael Hecht, he'd, Hecht, Oscar Rodriguez, Jordan Bittel, Bittel, you've Organizations: Service, LinkedIn, Business, Federal Trade Commission, Microsoft, verifications

☆ Why some investors are bullish on this asset class that's yielding over 6%
▼ + stars: | 2024-05-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Right now, securitized products in general look relatively cheap, said John Kerschner, head of U.S. securitized products and portfolio manager at Janus Henderson Investors. To meet this need, Janus launched its Securitized Income ETF (JSI) in November, which invests across the securitized space. JSI YTD mountain Janus Henderson Securitized Income ETF Collateralized loan obligations Another fund Kerschner manages is the Janus Henderson AAA CLO ETF . One way investors can get broad exposure to CMBS via BlackRock's iShares CMBS ETF . CMBS YTD mountain iShares CMBS ETF year to date However, Janus' Kerschner pointed out that all office work isn't going away.

Persons: Nick Travaglino, Nuveen, Travaglino, John Kerschner, Janus Henderson, Janus, Kerschner, Rick Rieder, I've, Rieder, CLOs, it's, isn't, Fannie Mae, Freddie Mac, Kershner, We're Organizations: Investors, Fund, Janus Henderson Investors, SEC, Janus Henderson AAA CLO, Bank of America, AAA CLOs, BlackRock AAA CLO Locations: CLOs, BlackRock, Moody's, CMBS, multifamily

☆ DuPont stock hits new high after an analyst's upgrade — why we're not buyers here
▼ + stars: | 2024-05-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. It's a "muted market," said Jim Cramer, where "there's not much happening in any single place." DuPont de Nemours stock jumped over 2% after Jefferies analysts upgraded the materials name to a buy from hold rating. 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 .

Persons: Jim Cramer, Jim, Jim Cramer's Organizations: CNBC, Dow, Nasdaq, DuPont de Nemours, Jefferies, DuPont, Palo Alto Networks, Street Locations: It's, Thursday's, Palo, Palo Alto

☆ Boeing whistleblower died by suicide, police investigation reveals
▼ + stars: | 2024-05-17 | by ( Sara Smart | ) edition.cnn.com time to read: +4 min

CNN —Boeing whistleblower John Barnett died by suicide, according to a police report released on Friday, bringing to end an investigation of the shocking death of a longtime employee who raised concerns about the airplane manufacturer’s safety and production standards – and who sued the company, claiming Boeing illegally retaliated against him. Barnett, 62, was found dead in a vehicle on March 9 from a self-inflicted gunshot wound in Charleston, South Carolina. The investigation found that Barnett was shot in the head at close range and the weapon was found in his right hand. “As a quality manager at Boeing, you’re the last line of defense before a defect makes it out to the flying public,” Barnett told the Times. That led the US Justice Department to announce this week that Boeing could face criminal prosecution for its history of safety problems.

Persons: John Barnett, Barnett, Robert Turkewitz, Brian Knowles, Barnett’s, ”, ” Barnett, I’d, Brad Zaback, ” Zaback, Max Organizations: CNN — Boeing, Boeing, Charleston Police Department, Coroner’s Office, Police, CNN, New York Times, Times, US Justice Department Locations: Charleston , South Carolina, Charleston

☆ FLiRT variants threaten a summer Covid wave, but experts say the risk remains uncertain
▼ + stars: | 2024-05-17 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +7 min

FLiRT variants are offshoots of the JN.1 variant — all part of the broader Omicron family — that caused this winter’s wave. The mutations of the FLiRT variants make increased transmissibility — and a possible summer wave — a real threat. “We learned from the laboratories that FLiRT variants appeared, so far, to be as transmissible as the other Omicron subvariants, which means they’re really quite contagious. As of May 1, the requirement for all hospitals to report Covid-19 data to the federal government has expired. While the FLiRT variants pose some risk this summer, experts remain focused on what might happen in the fall.

Persons: CNN —, ”, Andy Pekosz, “ We’ve, William Schaffner, ” Schaffner, it’s, ” Pekosz, “, Dr, Sanjay Gupta, we’ve Organizations: CNN, US Centers for Disease Control, Data, Johns Hopkins Bloomberg School of Public Health, Vanderbilt University, Schaffner’s Vanderbilt University Medical Center, CDC, JAMA, CNN Health, JN, US Food Locations: United States, Covid

☆ How ESPN’s Jeff Darlington landed at the center of the Scottie Scheffler arrest story
▼ + stars: | 2024-05-17 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

Darlington and Scheffler had arrived at the course around the same time in preparation for the tournament. In a video posted on X an hour later, Darlington follows the police officers as they lead Scheffler away. He’s going to jail and there’s nothing you can do about it.” one officer told Darlington, referring to Scheffler. “The police officers around the patrol car in which Scottie Scheffler was in had no idea he was even Scottie Scheffler,” Darlington clarified on air. Attorney Steve Romines, who represents Scheffler, told CNN affiliate WLKY that the golfer bypassed police because of a misunderstanding.

Persons: Jeff Darlington, Scottie Scheffler, Scheffler, Darlington, –, ”, Dave Fleming, ” Darlington, ” Scheffler, He’s, Steve Romines, “, they’d, ” Romines Organizations: New, New York CNN, ESPN, PGA, Darlington, CNN, Louisville Metro Department of Corrections, WLKY, Valhalla Golf Locations: New York, Louisville , Kentucky, Scheffler, Valhalla, Darlington, Jefferson County

1s ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT ‘We Are Never Ever Getting Back Together’ (2012) 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT ‘We Are Never Ever Getting Back Together’ (2012) 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 Two bar charts: one for the Beatles, one for Taylor Swift. 30 15 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 ‘Thriller’ 15 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 ‘Thriller’ 15 ‘Fearless’ ‘1989’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 15 5 Not yet certified MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 15 5 Not yet certified MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 30 million 15 15 million 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million ‘1989’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million ‘1989’ ‘1989 (Taylor’s Version)’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES A grid of 10 Michael Jackson albums covers transitions into charts depicting Michael Jackson’s and Taylor Swift’s album sales. 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES ‘... Baby One More Time’ 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES ‘1989’ 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES Two side-by-side charts depict album sales for Britney Spears and Taylor Swift. 1s ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 ‘Vogue’ (1990) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 ‘This Used To Be My Playground’(1992) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 10 5 ’06 ’24 10 ‘Music’ (2000) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 Two charts show Billboard top hits for Madonna and Swift, over the course of their respective careers. 15 million 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million ‘I Am ... Sasha Fierce’ 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million ‘The Tortured Poets Department’ 10 ‘Cowboy Carter’ 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES Two side-by-side charts depict album sales for Beyoncé and Taylor Swift, respectively.

Persons: Taylor Swift, Michael Jackson, ”, Swift, Frank Sinatra, Stevie Wonder, Paul Simon, Drake, Billy Joel, Britney Spears, Bruce Springsteen, Elton John, Kareem, Brady, Marino, Harry Potter, TAYLOR, TAYLOR SWIFT, Swift’s, didn’t, Max Martin, John Lennon, Paul McCartney, McCartney, George Harrison, “, Taylor, Jackson, MICHAEL JACKSON, ’, Michael Jackson’s, …, “ Ben ”, —, Jackson’s, Micheal Jackson, It’s, she’s, Department ”, Spears, BRITNEY SPEARS, Spears’s, Madonna, Dick Tracy ”, Evita, I’m, David O, “ Ray, Bob Dylan, John, Springsteen, Elton John Farewell, Bruce Springsteen Springsteen, Elton John’s, Bruce Springsteen’s Springsteen, Madonna’s, it’s, Beyoncé, Georg Solti, Quincy Jones, It's, Madonna didn’t, Judy Garland, Barbra Streisand, Sinatra, — Beyoncé, Sasha Fierce, Carter ’, Carter ”, Cowboy Carter, DRAKE, Kendrick Lamar, they’re, gunning, she’ll Organizations: Poets Department, MetLife, Beatles, “, Marvel, Billboard, TAYLOR SWIFT, U.S, Swift, MTV, Recording Industry Association of America, Department, Vogue, Veterans Touring, Drake, Beyoncé, Beyoncé’s Locations: New Jersey, U.S, Kobe, ”, “, pigtails, Amsterdam, Texas

☆ Stock market today: Dow closes above 40,000 for the first time as latest inflation data fuels big weekly gains
▼ + stars: | 2024-05-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A cool April CPI report buoyed hopes of Fed interest rate cuts later this year. Investors will look to see if the gains can spill over into next week, which is set to be a busy one for AI developments. AdvertisementThe Dow Jones Industrial Average closed above 40,000 for the first time on Friday, closing out a strong week of gains fueled by upbeat inflation data midweek. The S&P 500 rose about 1.5% for the week, buoyed by solid earnings results from consumer giant Walmart and an April CPI report that showed cooling inflation. That CPI report boosted investor hopes that the Federal Reserve will cut interest rates later this year.

Persons: —, Fundstrat's Tom Lee, Lee Organizations: Service, Dow Jones, Walmart, Federal Reserve, Microsoft, Nvidia, Technology Locations: Here's

☆ Stock market today: Indexes slip after Dow crosses 40,000 for the first time
▼ + stars: | 2024-05-16 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

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

☆ How Chris Kreider, Rangers rallied to close out Hurricanes: 5 takeaways
▼ + stars: | 2024-05-16 | by ( Arthur Staple | ) www.nytimes.com time to read: +5 min

Chris Kreider wouldn’t let the New York Rangers lose again. After losing Games 4 and 5 following a 3-0 series start, the Rangers were in trouble again Thursday, down 3-1 entering the third period. AdvertisementOn just their second power play of the game 5:11 later, Kreider tipped a waist-high shot by Artemi Panarin behind Andersen to tie it. Andersen keeps Rangers in it, tooThe biggest difference in the series was in net, as many expected. The final special teams tally for the series: The Rangers went 5-for-19 on the power play and Carolina went 2-for-21 while allowing two Rangers shorthanded goals.

Persons: Chris Kreider wouldn’t, Kreider, Frederik Andersen, Artemi Panarin, Andersen, Ryan Lindgren, Barclay Goodrow, Igor Shesterkin, Jordan Staal, Shesterkin, Andrei Svechnikov, CHRISTOPHER JAMES KREIDER 🤩, hird, rick C hallenge, rick, hort, eriod, ross, ade, ake G, kate Organizations: New York Rangers, Rangers, Eastern Conference, Carolina Hurricanes, Hurricanes, ust Locations: York, New York, ried, osh

☆ Stock market today: Dow crosses 40,000 for the first time as stocks extend record-setting run
▼ + stars: | 2024-05-16 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

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

☆ These Dow stocks are cheap and have more upside as index reaches key milestone
▼ + stars: | 2024-05-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The Dow Jones Industrial Average reached the 40,000 milestone level , but investors can still find inexpensive growth opportunities in the index. Shares currently have a forward P/E of 12.6, versus the stock's average five-year P/E of 17.8. The consensus price target on the stock indicates 14.2% upside from Wednesday's close. The stock's current forward P/E is at 27.6, slightly lower than its 5-year average of 32.1. Shares are trading at a 25.3 forward P/E ratio, relative to the 28.2 five-year average P/E ratio.

Persons: Dow, Piper Sandler, DA Davidson, Johnson, McDonald's, —, Fred Imbert Organizations: Dow Jones, CNBC, Deutsche Bank, Amazon, Dow, Chevron, Exxon, Hess, Visa, Walmart, Management, Verizon, Johnson Locations: headwinds, Guyana

Thedieck, now 31, is still in the military, and has gotten an awful lot of what he's wanted ever since. Darren Thedieck, age 31, joined the Air Force at age 18. Saving on a military salaryThedieck was interested in saving and investing long before he joined the Air Force. Right now, though, the plan is for that money to provide a financial "cushion" for the family, Thedieck says. Instead of full retirement after military life, both he and Naudia plan to take off in a new direction.

Persons: Darren Thedieck wasn't, he's, Thedieck, He's, Darren Thedieck, Andrea Ferro, Naudia, Denmark —, he'll, — Warren Buffett, Benjamin Graham, Darren, That's, They're Organizations: CNBC, U.S . Air Force, Air Force, titans, Social Security, Service Credit Union, Apple, Disney, Netflix, Spotify, FIRE Locations: Las Vegas, England, South Korea, Germany, Aviano, Italy, Venice, Denmark, United States

☆ PGA Championship: Xander Schauffele ties major record again as Scottie Scheffler eagles first hole as a Dad
▼ + stars: | 2024-05-16 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —Only four times in the history of all four men’s major championships has a golfer shot 62. “I’ll take a 62 in any major any day,” Schauffele told reporters Thursday. Scheffler shot 67 to pen the latest positive chapter in the unfolding story of a truly remarkable year. Matt York/APTiger Woods had looked on course to make a solid start of his own at his 23rd PGA Championship, only for a closing pair of sloppy three putts to drop him to one-over 72. Defending champion Brooks Koepka was among those to shoot 67 as he hunts a fourth PGA Championship win, two strokes better than grand slam chasing compatriot Jordan Spieth.

Persons: Xander Schauffele, Schauffele, Rickie Fowler, ” Schauffele, “ It’s, Ross Kinnaird, Branden Grace, Rory McIlroy, “, ”, ” Scheffler, Scottie Scheffler, Scheffler, Matt York, Woods, “ I’ve, I’ve, ” Woods, Christian Petersen, Tony Finau, Sahith, McIlroy, Robert MacIntyre, Brooks Koepka, Jordan Spieth, Schauffele teeing Organizations: CNN, Valhalla Golf, PGA, 126th, Wells, Getty, Scottish Ryder Locations: blitzing, Valhalla, Kentucky, Southport , England

☆ Bull market in stocks will extend well beyond 2024, says Virtus' Joe Terranova
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBull market in stocks will extend well beyond 2024, says Virtus' Joe TerranovaVirtus’ Joe Terranova and Wealth Enhancement’s Aya Yoshioka, join 'Closing Bell' to discuss the market, tech sector, and sustainability of the market rally.

Persons: Virtus, Joe Terranova Virtus ’ Joe Terranova, Aya Yoshioka

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