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"It also increases the possibility of a no-landing as well, meaning even stronger economic data for 2025 than we currently expect." watch nowBeyond that, it virtually eliminated any chance that the Federal Reserve would be repeating its half percentage point interest rate cut from September anytime soon. But broadly speaking, the news was very good and raised questions over just how aggressive the Fed will need to be. Jones said the Fed will have a dilemma on its hand as it figures out the proper policy response. "In an election year, passions run high and every economic report or event can garner intense reaction.
Persons: Anna Rose Layden, We've, Beth Ann Bovino, Friday's nonfarm, Dow Jones, Bovino, David Royal, Kathy Jones, Charles Schwab, Jones, they're, Elizabeth Renter Organizations: Outfitters, Getty, Federal Reserve, U.S . Bank, Fed, Fed Bank of America, Wall, U.S Locations: Tysons , Virginia, U.S
The stronger-than-expected September jobs report is good news for Main Street and Wall Street, CNBC's Jim Cramer said Friday. That kind of backdrop should lend support to corporate earnings and by extension the stock market, he said. Indeed, all three major U.S. stock indexes traded modestly higher Friday after the jobs report. The September jobs report arrived about two weeks after the Federal Reserve began its easing cycle with a larger-than-usual half-percentage point reduction in its benchmark lending rate. "We're about to have [third-quarter] earnings," Cramer said.
Persons: CNBC's Jim Cramer, Cramer, we're Organizations: Main, Federal Reserve Locations: U.S
Humana's stock is down 23% in its worst weekly drop since 2020 and biggest two-day decline since 2009. The drop comes as Medicare downgraded ratings on some of Humana's health insurance plans. The health insurer's shares are down 23% since the start of the week, marking its biggest weekly drop since 2020 and its biggest two-day decline in 15 years. Over those days, the stock declined 22%, the biggest two-day drop since the financial crisis in 2009. They said Medicare Advantage plans could see further pressure if Democrats win in the upcoming elections, which would hinder Humana's recovery.
Persons: , It's, AJ Rice, Humana's downgrades Organizations: Service, Humana, UBS, Bank of America
CNN —Pete Alonso hammered a historic, go-ahead, three-run home run in the ninth inning to power the New York Mets to a 4-2 victory over the Milwaukee Brewers in their winner-take-all Game 3 of the NL Wild Card Series. With free agency looming, it could have been the final act of his Mets career – but the possible last dance continues. Benny Sieu/USA Today Sports/ReutersAfter the Mets came from behind to win 8-4 in Game 1, the Brewers leveled the series with a 5-3 victory Wednesday. The stunning victory over the Brewers marks the first time that the team has advanced in the postseason since 2015. “There was no way this season was going to end without something happening in that ninth inning,” he added.
Persons: Pete Alonso, “ I’m, ” Alonso, , Devin Williams, , Alonso, I’m, that’s, you’ve, Benny Sieu, Jake Bauers, Sal Frelick, Williams, , Francisco Lindor, David Stearns, it’s Organizations: CNN, New York Mets, Milwaukee Brewers, NL, Mets, NL East, Philadelphia Phillies, National League Divisional, , ” Mets, USA, Sports, Reuters, Brewers, Milwaukee, Atlanta Braves Locations: Milwaukee, York
Luxury travel concierge Sienna Charles' clients have an average net worth starting at $100 million. For Sienna Charles' clients, this means requesting security, hotel check-ins from the privacy of their car instead of at the front desk, and a motorcade of four to eight vehicles. AdvertisementIndia said Jeff Bezos is the "perfect example" of Sienna Charles' clients' desire to transform from billionaire business owners into recognizable celebrities. Robert Smith/Patrick McMullan via Getty Images"They're the billionaire next door, and nobody knows who they are," Sienna Charles' CEO said. Or, they could turn to Sienna Charles to provide celebrity-like services, such as a table at an otherwise impossible-to-book restaurant.
Persons: Sienna Charles, Instagram, , they're, Taylor Swift, Jaclyn Sienna India, Mariah Carey, George W, lister, Jeff Bezos, Robert Smith, Patrick McMullan, it'll, Nobody's Organizations: Service Locations: India, New York City, New York
The September jobs report was surprisingly strong , and the details show that growth came from many different areas of the economy. Within hospitality, food services and drinking places saw jobs jump by 69,000. Professional and business services grew by 17,000 jobs, which is a notable change for a category that had shed jobs in recent months. The only caution flag could be the rise in those with multiple jobs," Roach said. Two key areas that lost jobs last month were manufacturing and transportation and warehousing, though each category shrank by fewer than 10,000 jobs.
Persons: Jeffrey Roach, Roach Organizations: of Labor Statistics . Government, LPL Financial
Influencer marketers are moving away from campaigns with micro influencers and back to big stars. AdvertisementA few years ago, influencer marketers were ditching their plans to hire celebrity content creators for brand deals in exchange for influencers with smaller audiences. Micro influencers as a category of work dropped from 74% to 62% between 2023 and 2024, while nano influencer work fell from 37% to 28%. One micro influencer, Bethany Everett-Ratcliffe, said she'd felt this impact on her business. Other marketers have reported up to 20% cost increases among micro influencers between 2023 and 2024.
Persons: , Kim Kardashian, influencers, Linqia, Bethany Everett, Ratcliffe, she'd, Keith Bendes, Bendes, James Nord, Sabrina Carpenter's, Michael Cera's, Olivia McNaughten, Jonathan Chanti Organizations: Service, Blank, Viral, UGC Locations: Linqia, Everett
Discovery's top ad salesman, will leave at the year's end. Steinlauf's departure follows his role in merging ad sales units after the Discovery-WarnerMedia deal. Discovery's top ad salesman, will leave the media company at the end of the year, according to an internal memo from Bruce Campbell, WBD's chief revenue and strategy officer, that was shared with Business Insider. AdvertisementSteinlauf led Discovery's ad sales business starting in 2018 under Zaslav pre-merger, having joined Discovery through its acquisition of Scripps Networks. Read the memo about Steinlauf's departure from the company below:
Persons: Jon Steinlauf, , Bruce Campbell, Turner, WBD, Comcast's NBCU, Marybeth Strobel, Ryan Gould, David Zaslav, Steinlauf Organizations: Warner Bros, Discovery, NBA, Service, Business, CNN, HBO, Disney, Paramount, Turner Sports, Zaslav, Scripps Networks
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer breaks down the government's block of Spirit's merger with JetBlue and potential bankruptcy filing'Mad Money' host Jim Cramer takes a look at Spirit Airlines as shares tumbled to a record low on Friday after a report that it's exploring Chapter 11 bankruptcy protection.
Persons: Cramer, Jim Cramer Organizations: JetBlue, Spirit Airlines
Bitcoin investors are grappling with a demand dearth that has pushed the cryptocurrency into bear market territory at times. (In the first quarter, bitcoin ETFs bought about 9,000 BTC daily on average, following their January launch.) In the fourth quarters of 2012, 2016, and 2020 — the previous Bitcoin halving years — bitcoin prices rose by 9%, 59%, and 171%, respectively. The most recent halving — the supply cutting event that takes place every four years — happened this April. BTC.CM= YTD mountain Bitcoin (BTC) year-to-date Bitcoin is set up well for the final quarter , but it's still working through a supply overhang from the U.S. and German governments as well as Mt.
Persons: It's, John Todaro, Needham, uptrend, it's, Wolfe, Rob Ginsberg, Owen Lau, Oppenheimer Organizations: CNBC, BTC, Federal Reserve, U.S Locations: China, U.S
Dockworkers strike in a picket line outside of the Port of Houston Authority on October 01, 2024 in Houston, Texas. The strike, affecting 36 ports, marked a historic event and was the first by the union since 1977. (Photo by Brandon Bell/Getty Images)The tentative agreement to suspend the International Longshoremen's Association strike may have consumers and businesses breathing a sigh of relief. In a statement Friday, the ILA said it wants to tighten the language related to the use of automation at ports. It is only a tentative agreement and automation at ports will remain a major stumbling block," said Peter Sand, chief shipping analyst at supply chain intelligence firm Xeneta.
Persons: Brandon Bell, Peter Sand, Harold Daggett, Daggett, Dennis Daggett, Harold Daggett's, that's, Sand, Dr, Michael Nacht, Larry Henry Organizations: Port, Houston Authority, International Longshoreman's Association, United States Maritime Alliance, International Longshoremen's Association, ILA, CNBC, Office, GAO, Public, University of California, Defense, ContainerTrac, International, Warehouse Union, Pacific Maritime Association Locations: Houston , Texas, U.S, Berkeley, Long Beach, Los Angeles , California, West Coast
Ed Yardeni predicts the S&P 500 could reach 8,000 by 2030. AdvertisementThere's a simple reason one of the most bullish Wall Street strategists expects the stock market to continue rising in the years ahead: compound interest. At a compounded annual growth rate of between 6% and 7%, the S&P 500 is on track to hit 8,000 by 2030, representing potential upside of about 40% from current levels. "The S&P 500 stock price index is driven by its earnings per share (EPS), which has been growing mostly between 6% and 7% since the 1950s," Yardeni said. He added: "EPS could double to $400 by the end of the decade in our Roaring 2020s scenario," Yardeni said.
Persons: Ed Yardeni, , it's, Yardeni Organizations: Service, Yardeni, Federal Reserve
I have a husband and several children, and from the outside, it definitely looks like a traditional setup. Our family life looks traditional in many ways, but in other ways, it isn'tOur life does align with the "provider/protector" and "nurturer/homemaker" gender roles in some ways, and in some ways, looks traditional on the surface. My husband is the primary earner for our family; he works full-time as an engineer to provide for the expanses of our family. I am the primary caretaker for our kids and work to take care of and run the details of our household. For some years in our marriage, my husband didn't understand — and therefore didn't appreciate — all I contributed.
Persons: it's, I'd, we've, I'm, Amber Adrian, Amber Adrian Another
One option would be to take out Iran's nuclear sites — something Biden opposes. A hit on Iran's nuclear facilities could, however, create far graver consequences, potentially including a race by Iran to build a nuclear weapon. AdvertisementUS President Joe Biden would not support Israel's Prime Minister Benjamin Netanyahu in targeting nuclear sites. As The Financial Times noted, there are more than a thousand miles between Israel and Iran's main nuclear bases. And Iran's nuclear sites present a formidable target, sprawling across various sites, with several of the most sensitive located in heavily fortified underground bunkers.
Persons: Biden, , Sabet, Joe Biden, Wisam, Benjamin Netanyahu, Jim Watson, Matthew Savill, Robert Dover, Issam, Filipo, Savill Organizations: Service, Geneva Graduate Institute, New York Times, Getty Images Israel, Brent, Reuters, Getty, Financial Times, US Congressional Research Service, Atomic Scientists, Royal United Services Institute, Hull University, EU, UN, University of Bristol Locations: Israel, Iran, It's, Lebanon, Anadolu, Fordow, London, Dover
Freshly painted white and fitted with new mahogany shutters, this new old house is nearly finished. And then came the stunning phone call, freezing Mr. Goetz and Mr. Malin in the back of that cab. Would it “look like a fake old house?” Mr. Malin asked. “Do I care whether a two-by-four is hundreds of years old, or 90 days old?” Mr. Goetz asked. Construction can’t be finished fast enough for Mr. Goetz and Mr. Malin.
Persons: Matthew Malin, Andrew Goetz, Malin, Goetz, , , Mr, “ I’m, shou, Harold van Goetz, Malin + Goetz, rurality, Andrew Bernheimer, Jim Joseph, Joseph, Joseph ., John Hulka, Ralph Lauren, Hulka, Benjamin Moore, Frederick P, Saarinen, Jamie Purinton, can’t, Haroldhurst, “ We’ve Organizations: European Union, Joseph Architects, & Locations: Chatham , N.Y, Kinderhook, Hudson, Larchmont, London, Australia, South East England, Chelsea, New York, Chatham, Van Courtland, Dutch, Connecticut
Millions of student-loan borrowers have faced legal whiplash over the past 24 hours. A Missouri judge blocked Biden from carrying out his broader debt relief plan just hours after receiving the case. The ruling came before the Education Department had even published the final rule for the debt relief. That's because the lawsuit argued the relief would hurt the revenue of student-loan company MOHELA, which is based in Missouri. Advertisement"The Department of Education is extremely disappointed by this ruling," a department spokesperson told Business Insider.
Persons: Biden, , It's, Joe Biden's, Matthew Schelp, Donald Trump, Schelp, Biden's, hasn't, servicers, Andrew Bailey, Sen, Elizabeth Warren, Trump Organizations: Education Department, Service, GOP, MOHELA, Department, Department of Education, Republican, of, Higher, Missouri, else's Ivy League Locations: Missouri, Georgia, Eastern, of Missouri
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy's still very solid if you look at a broad range of indicators, says Goldman's Jan HatziusJan Hatzius, Goldman Sachs chief economist, joins 'Squawk on the Street' to discuss Hatzius' thoughts on Friday's jobs report, the economic revisions, and if extreme weather will impact future economic data.
Persons: Goldman's Jan Hatzius Jan Hatzius, Goldman Sachs
The hunt, “On the Trail of the Golden Owl,” was based on a book of riddles published in 1993. “We confirm that the Golden Owl countermark was unearthed last night,” the message read, unleashing a wave of sad and crying emojis. Its value is currently estimated at €150,000 euros (about $165,000), fans of the treasure hunt have said online and at recorded events. On Discord, members of the hunt channel were quick to react to the news that the replica owl may have been found, with thousands of messages pouring in. On the official website, Becker reminds “owlers” not to dig holes on either public or private property without authorization.
Persons: , , Régis Hauser, Michel Becker, Becker, Hauser, Max Valentin, “ I’m, “ owlers, Kit Williams Organizations: Paris AP, YouTube, Monde, Associated Press, France Inter Locations: France, , French
Western sanctions have forced Russia to rely on the Chinese yuan for reserves and trade. China's financial system is deeply tied to the greenback, limiting diversification options. These include the entrenched role of the greenback in the global commodities trade and much larger foreign reserves than Russia, wrote Greene, a former senior advisor at the US Treasury. However, many CIPS participants are highly connected to the dollar financial system and potentially subject to the reach of US sanctions. The dollar is still kingIn short, China just can't copy Russia's sanctions-proofing playbook and is likely to continue orbiting around the dollar financial system in the near-term.
Persons: , China —, Robert Greene, Greene, China's, It's, dollarization, James Lord, Morgan Stanley's, Michael Zezas Organizations: Service, Carnegie Endowment Asia, US Treasury, Patomak Global Partners, Federal Reserve Bank of Boston Locations: Russia, China, Beijing, Russia's, Ukraine
2 executive at Trump Media & Technology, the company that runs Trump's Truth Social, has resigned. You'd think this is the kind of thing that would worry Trump Media investors. 2 executive at Donald Trump's social media company resigned this week. And indeed, shares in Trump Media & Technology Group — the company that runs Trump's Truth Social platform — were down about 1% Friday morning. We've done this many times, so briefly: Trump Media & Technology Group runs Truth Social, but Truth Social is embryonic at best.
Persons: , Donald Trump's, Trump, Devin Nunes, ProPublica, I've, Andrew Northwall, Northwall Organizations: Trump Media & Technology, Trump Media, Service, , Trump Media & Technology Group
CNN —Spanish soccer star Álvaro Morata’s dreams of living a peaceful life on the outskirts of Milan have been shattered after a local municipality’s mayor made a social media blunder. Seemingly excited by the 31-year-old’s arrival, Corbetta’s mayor Marco Ballarini welcomed Morata in a post on Instagram. The champion Álvaro Morata is our new Corbetta resident,” Ballarini wrote Thursday, admitting he was a fan of Milan’s bitter crosstown rival Internazionale. My only treasure is my children, whose safety you have endangered,” Morata wrote, per Reuters. Morata has played for a host of top teams during his career, such as Real Madrid, Juventus and Chelsea.
Persons: Morata, Corbetta’s, Marco Ballarini, Álvaro Morata, ” Ballarini, , ” Morata Organizations: CNN, Milan, Internazionale, Reuters, Real Madrid, Juventus, Chelsea Locations: Spanish, Milan, Spain, Italian, Corbetta –, Corbetta
Goldman Sachs says a period of underperformance for LivaNova stock could be ending and see shares gain more than 20%. Roman initiated coverage of the medical device stock with a buy rating and a $65 per share price target. Shares have advanced roughly 3% in 2024, significantly underperforming the S & P 500's nearly 20% gain. Roman ties the underperformance to "strategic shifts in the business and pipeline setbacks" for much of the year which also pressured LivaNova's earnings. LIVN YTD mountain LivaNova stock.
Persons: Goldman Sachs, David Roman, LivaNova
CNN —Up to 600 people were shot dead in a matter of hours by al Qaeda-linked militants in an August attack on a town in Burkina Faso, according to a French government security assessment that nearly doubles the death toll cited in earlier reports. A series of coups across Mali, Burkina Faso and Niger led to the departure of French and American forces. The Russian mercenaries summoned by the juntas to bolster their grip have instead left a vacuum in which jihadists have thrived, says the assessment, given to CNN by a French security official. A view of the town of Barsalogho, Burkina Faso, where up to 600 people were killed by al Qaeda-linked militants in an August attack, according to a French government security assessment. CNN has reviewed videos of the alleged cannibalism that seem to show Burkina Faso soldiers dismembering and holding up body parts of apparent dead jihadists.
Persons: al, Nusrat al, JNIM, , jihadists, , I’m, Fear, Ibrahim Traore, Zero ”, Burkina Faso’s, Traore, , Wagner, group’s, Yevgeny Prigozhin, Donat Sorokin, Organizations: CNN, Getty, United Nations, Reuters, , Burkina Faso’s, Civil Service, Labs Inc, Rapid Locations: al Qaeda, Burkina Faso, Barsalogho, Africa, Islam, Mali, Sahel, West Africa, United States, jihadists, Niger, Tawori, Bamako, Burkina, France, Moscow, Ukraine, Ouagadougou, Russian, Russia, Saint Petersburg, BIR, Togo, Kompienga, Togolese, Qaeda
While not identifying any specific or credible threats to the United States, the advisory comes ahead of Monday’s anniversary of the October 7th attack in Israel and calls by foreign terrorist groups for violence against the West, the agencies said. The advisory also comes as Israel carries out deadly strikes against Hezbollah headquarters in Lebanon, and as it weighs a response to Iran’s recent ballistic missile attack. The New York Police Department increased patrols on Monday, a law enforcement source told CNN. The agencies assessed that foreign terrorist organizations will likely continue to “exploit narratives” surrounding hostilities involving Israel, Hamas, Hezbollah and Iran, in order to incite lone attackers toward violence in the US. So-called “lone wolves,” who are not formally part of a terror group, present an especially serious challenge to law enforcement, security sources have previously told CNN.
Persons: , Organizations: CNN, Hamas, FBI, Department of Homeland Security, West, The New York Police Department, Los Angeles Police Department, Police, DHS Locations: Israel, United States, Lebanon, Chicago , Miami, Philadelphia, Iran
Seoul, South Korea CNN —North Korean leader Kim Jong Un threatened to use nuclear weapons to destroy South Korea if attacked, state media reported Friday, after South Korea’s president warned that if the North used nuclear weapons it would “face the end of its regime.”The fiery rhetoric isn’t new, but comes at a time of tension on the Korean Peninsula and just weeks after North Korean state media released images of Kim visiting a uranium enrichment facility, which produces weapons-grade nuclear materials. “If such situation comes, the permanent existence of Seoul and the Republic of Korea would be impossible,” Kim added, using the proper name for South Korea. North Korea could revoke a key agreement which enshrines the potential for reunification of the Koreas as soon as Monday, when its legislature is expected to meet, Seoul’s Unification Ministry told CNN. Last month, North Korean state media released photos of Kim purportedly touring a nuclear facility in a rare glimpse of the nation’s closely guarded weapons program. On Tuesday, Yoon unveiled the Hyunmoo-5 ballistic missile, which is reportedly capable of penetrating North Korean underground bunkers.
Persons: Kim Jong, Kim, ” Kim, Yoon Suk Yeol, Jung Yeon, Yoon, ” Yoon, KCNA Organizations: South Korea CNN — North, South, North, Korean Central News Agency, Armed Forces Day, Unification Ministry, CNN, Korea Armed Forces, Seoul Air Base, Getty, SK, US, Armed Forces Locations: Seoul, South Korea, North Korean, Pyongyang, Republic of Korea, Korea, Russia, West, Korean, Seongnam, North Korea, United States
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