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UBS increased its S&P 500 year-end price target to 5,900, marking the fourth increase from the bank this year. It added that the S&P 500 could surge 17% to 6,500 by year-end in a bull-case scenario. AdvertisementUBS is once again raising its year-end price target for the S&P 500. UBS initially had a year-end price target of 4,850. Those earnings and price target estimates would represent a historically high price-to-earnings multiple for the S&P 500, but it's warranted, according to Lefkowitz.
Persons: , David Lefkowitz, Lefkowitz, Lefkowitz materializes Organizations: UBS, Service
CNN —Rivals and cameramen, make way – Shane Lowry is coming through at the Open Championship. Having narrowly survived sending his tee shot onto the train tracks that run alongside the 488-yard hole, the world No. So allowing myself to do that, without getting in your own way.”Lowry searches for his ball on the 11th hole. Owen Humphreys/PA Images/Getty ImagesMcIlroy among big stars to crash outIt was an entirely contrasting day for Northern Irishman Rory McIlroy, as the world No. With McIlroy, world No.
Persons: Shane Lowry, Lowry, , , ” Lowry, Owen Humphreys, Justin Rose, Daniel Brown, I’ve, you’re, McIlroy, Rory McIlroy, McIlroy’s, ” McIlroy, Harry, “ I’ve, ” Woods, Bryson DeChambeau, Wyndham Clark, Ludvig Aberg, Viktor Hovland, – Scottie Scheffler, Xander Schauffele, Collin Morikawa, Patrick Cantlay, Jon Rahm – Organizations: CNN — Rivals, Royal Troon, Railway, PGA Tour, Northern, Troon Locations: Scotland, Northern Ireland
Rome Reuters —The remains of what appears to be a medieval palace where popes lived before they made the Vatican their home have been excavated in Rome prior to renovations for the 2025 Catholic Holy Year, or Jubilee, the Italian Culture Ministry said on Wednesday. The walls of the complex may have protected the Patriarchio, a monumental basilica envisaged by Emperor Constantine in the square outside the Archbasilica of St John Lateran. Italian Ministry of Culture/Reuters“This is an extraordinarily important find for the city of Rome and its medieval history, as no extensive archaeological excavations have ever been carried out in the square in modern times,” the ministry said. The area around St John Lateran is being spruced up ahead of the Jubilee, a year-long event starting in December that is expected to attract more than 30 million pilgrims and tourists to the Italian capital. During a Jubilee, Catholics can obtain special indulgences, or remission of their sins, if they fulfill certain conditions and do good works or make pilgrimages.
Persons: Rome, St John Lateran, Emperor Constantine, Emperor Caligula Organizations: Rome Reuters, Italian Culture Ministry, Ministry of Culture, Reuters, CNN Locations: Rome, Roman, Avignon, France, St
Learn moreAmazon Prime Day, which is in its final stretch today, has brought many of our favorite tech, beauty, and home products to all-time-low prices. We check every deal against our tested guides and price tracking to make sure you're getting the best products for the lowest cost, optimizing your Prime Day experience. As more of Business Insider's top-rated products and brands go on sale during Prime Day, we'll continue to update this page with new discounts. If you're looking for a solid Android tablet, this is an excellent option, especially at its lowest price ever for Prime Day. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for more.
Persons: it's, we'll, MagSafe, Max, , Gabrielle Chase, , Herschel, Eero Organizations: Business, Samsung, Amazon, Kindle, Apple, Herschel Supply, Amazon Samsung, Amazon LG, LG, Adidas, Alexa, Amazon Prime
“It’s about time,” he said, adding the Vances “are going to represent a new generation of Americans.”The 2024 presidential campaign has seen three politicians of South Asian descent vying for the White House: Former South Carolina Gov. Since 2020, according to Pew, the number of eligible Asian American voters has increased by 2 million – roughly the population of Nebraska. According to the Asian American voter survey, the economy, education, inflation and immigration were “highly important” for Asian Americans this election cycle. Kumar said immigration is top of mind for many South Asian Republican voters because of the backlog facing millions of Hindu and Indian Americans who are waiting for green cards. Chen said the work must continue to engage with Asian American voters – many of whom are immigrant, first-time voters – to understand the key role they could play in the upcoming election.
Persons: ” Kumar, Donald Trump, Ohio Sen, JD Vance’s, Usha, , Nikki Haley, Vivek Ramaswamy, Kamala Harris, Joe Biden, Haley, Ramaswamy, Vance, Usha Vance, Chintan Patel, United States Kamala Harris, ” Patel, Patel, reimagine, ” Trump, Christine Chen, ” Chen, “ We’re, Kumar, , Chen, “ It’s Organizations: CNN, Republican Hindu Coalition, Indian Coalition of, Republican National Committee, Yale, White, Former South Carolina Gov, Republican, Trump, Republican National Convention, Indian, Pew Research, Pew, Pacific Islander, AAPI, Advancing Justice, AARP, Voter Survey, American, Democratic Party, Asian, South Asian Republican Locations: Ohio, United States, South, Nebraska, Georgia
“We are completely heartbroken to learn about the passing of Jacoby Jones,” the Ravens organization said in a statement. “The NFL is heartbroken to hear of the passing of Super Bowl champion Jacoby Jones,” the league said in a post on social media. Jones remains the only player to have a receiving touchdown and kickoff return touchdown in the same Super Bowl. Jones runs with the ball for a 56-yard touchdown against the San Francisco 49ers in the second quarter of Super Bowl XLVII. R.I.P Jacoby Jones.”
Persons: CNN — Jacoby Jones, Jones, Jacoby Jones, “ Jacoby, , ” Jones, , Vince Lombardi, Chris Graythen, Ray Lewis, Love, ” JJ Watt, R.I.P Jacoby Jones Organizations: CNN, Baltimore Ravens, Ravens, Houston Texans, NFL, Texans, Pittsburgh Steelers, San Diego Chargers, Los Angeles Chargers, Super Bowl, AFC Divisional, Denver Broncos, Super, San Francisco 49ers
Read previewUsually, when "chicken hindquarters" is on the dinner menu at San Quentin, it's good news. Four men serving sentences at San Quentin say dozens of prisoners were sickened, and some 2,000 were subjected to a week of lockdown to prevent any illness from spreading. The four men who spoke to Business Insider told similar stories. Gavin Newsom announced the facility's "transformation" from San Quentin State Prison into San Quentin Rehabilitation Center, empowering an advisory council comprised of community leaders, prison staff, and program leaders to come up with recommendations to improve conditions. A spokesperson for the California Correctional Health Care Services issued this statement on Tuesday:Advertisement"We are currently investigating cases of a potential gastrointestinal illness at San Quentin Rehabilitation Center.
Persons: , Aaron Ramzy, it's, Ramzy, Luis Sigueras, Marty Zahorik, Zahorik, I've, there's, Gavin Newsom, I'm, CCHCS Organizations: Service, Business, California Correctional Health Care Services, Block, Marin General Hospital, Gov, Quentin Rehabilitation Center, San Quentin Rehabilitation Center Locations: San Quentin, Quentin, California, Marin
The recent run-up in home prices, a staggering increase of more than 40% from pre-pandemic levels, should have current homeowners rushing to refinance. But for most, pulling that cash out simply costs too much now that interest rates are more than twice what they were just two years ago. Applications to refinance a home dropped last week for the fourth straight week, down 2%, according to the Mortgage Bankers Association's seasonally adjusted index. Homeowners were sitting on a collective $17 trillion in equity at the end of the first quarter of 2024, according to CoreLogic. Mortgage rates haven't moved at all so far this week, despite Federal Reserve Chair Jerome Powell's testimony before Congress on Tuesday.
Persons: Joel Kan, Kan, Jerome Powell's, Powell, Matthew Graham Organizations: Mortgage, Homeowners, Consumer, Mortgage News
Billionaires and business moguls are touching down in Sun Valley for the Allen & Company conference. The annual event, known as 'summer camp for billionaires,' draws the biggest names in tech and media. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe annual cacophony over Sun Valley, Idaho, has officially begun as billionaires and business moguls descend to coopt the small town — population: 1,783 — for the annual Allen & Company Sun Valley Conference.
Persons: , Jeff Bezos Organizations: Allen & Company, Service, Allen & Company Sun Valley Conference, Washington Post, ABC, Disney Locations: Sun Valley, Sun Valley , Idaho, Sun
Read Biden’s Letter to Congressional Democrats
  + stars: | 2024-07-08 | by ( ) www.nytimes.com   time to read: +4 min
I have had extensive conversations with the leadership of the party, elected officials, rank and file members, and most importantly, Democratic voters over these past 10 days or so. Believe me, I know better than anyone the responsibility and the burden the nominee of our party carries. The voters of the Democratic Party have voted. I feel a deep obligation to the faith and the trust the voters of the Democratic Party have placed in me to run this year. The voters - and the voters alone - decide the nominee of the Democratic Party.
Persons: JOSEPH R, BIDEN, Donald Trump, I've, Trump Organizations: JR, Democratic, Democratic Party, Big Pharma, MAGA Republicans, Trump Locations: America
Read previewIf you think President Joe Biden has been looking a lot more orange, you're not alone. Samuel Corum/Getty ImagesAnd Biden's orange glow was apparent on July 3 too, when he was awarding the Medal of Honor to two Civil War soldiers. President Joe Biden speaks to the media on July 1. President Joe Biden speaks during a news conference at the COP26 United Nations climate change conference in Glasgow, Scotland, on November 2, 2021. Representatives for Biden didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Joe Biden, George Stephanopoulos, Samuel Corum, Biden, Donald Trump, Andrew Harnik, Evan Vucci, Chip Somodevilla, visage, Joe, F2bjXE8fT2 — CJ Pearson, Moira Coops, Coops, Trump, Jason Kelly, Michael Cohen, Biden didn't Organizations: Service, ABC News, Business, White, Getty, COP26, AP, White House, Trump, CNN, Politico, Republican National Convention, Bazaar, Business Insider Locations: Washington , DC, Nations, Scotland, Glasgow, Washington ,, Alabama, Cleveland
In 2022, Delta Air Lines offered passengers $10,000 cash to take a different flight after overselling a flight from Michigan to Minnesota amid the summer's post-pandemic travel chaos. DOT rules entitle passengers to hundreds of dollars in compensation if they are involuntarily bumped from a flight, under certain terms and conditions. How to lower the odds of getting bumped from a flightThere's nothing you can do to guarantee you won't get bumped from an overbooked flight, as one traveler who said he was bumped off an American Airlines flight learned the hard way. According to the DOT's 2023 consumer air travel data, Allegiant Air, Delta Air Lines, and Hawaiian Airlines involuntarily bumped 0, 3, and 5 people, respectively, over the entire year. On the other end of the spectrum, American Airlines and Frontier Airlines involuntarily bumped over 10,000 passengers each in 2023.
Persons: , Hurricane Beryl, Tayfun, doesn't, Constantine Johnny Organizations: Service, Transportation Security Administration, Business, Airlines, US Department of Transportation, Delta Air Lines, Anadolu Agency, Getty, Passengers, American Airlines, Hawaiian Airlines, American Airlines and Frontier Airlines Locations: Texas, Michigan, Minnesota
Three of the four big money center banks report this coming Friday, including Club name Wells Fargo . Economic data : The June consumer price index (CPI) is out on Thursday morning, and the June producer price index (PPI) is out on Friday morning. Earnings season : Within the portfolio, net interest income (NII) guidance is going to be a key watch item when Wells Fargo reports its quarter this coming Friday. However, other factors like muted loan demand have prevented Wells Fargo from raising its outlook this year. Wells Fargo – and our other bank name Morgan Stanely – both passed, indicating they have strong capital positions with excess money to return to shareholders.
Persons: May's, You'll, Wells, Michael Santomassimo, Morgan Stanley, We're, Wells Fargo, Morgan Stanely –, JPMorgan Chase, Jim Cramer's, Jim Cramer, Jim, Beata Zawrzel Organizations: Dow Jones Industrial, Nasdaq, Apple, Broadcom, Club, Meta, Energy, Constellation Brands, Corona, Modelo, Federal Reserve, Manufacturing, PMI, Fed, Wells, PPI, CPI, PepsiCo, Delta Air Lines, DAL, Conagra Brands, JPMorgan, Citigroup, Jim Cramer's Charitable, CNBC, U.S, New York Stock Exchange, Nurphoto, Getty Locations: Wells Fargo, FactSet, Wells, Wells Fargo –, New York, United States, America
Mark Zuckerberg is leaning into his meme era
  + stars: | 2024-07-05 | by ( Jaures Yip | ) 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 previewThe memeification of Mark Zuckerberg continues — but lately, the Meta CEO seems to be just as in on the jokes. Zuckerberg surprisingly responded via Instagram Story with just the words: "Send Me Location," spurring incredulity among many. In a video announcing his company's latest AI features, Zuckerberg debuted his chain, which instantly caused a stir on social media. As another person tweeted, "Zuck definitely knows how to create a meme."
Persons: , Mark Zuckerberg, Zuck, Zuckerberg, Elon Musk, Israel Adesanva, Alexander Volkanovski, Joseph Rosenfeld, ORb48fArvU — sophie, @netcapgirl, Rosenfeld Organizations: Service, Business, Facebook, Tesla, MMA Locations: America, Zuck's
Termessos, Turkey CNN —Alexander the Great tried to conquer Termessos but failed. He reputedly called the city an “eagle’s nest.”Later, the Romans had more success in controlling the city. Barry Neild/CNNClimbing higher up the hillside on a rocky path sprouting with fragrant wild sage, there’s more evidence of how sophisticated life in Termessos would’ve been. Further up, the upper city walls give commanding views of the forest below and offer a good vantage point over anyone trying to sneak up for an invasion. In Termessos, the location is particularly significant, as it sits opposite a mountain that was once sacred to the city’s inhabitants.
Persons: Turkey CNN — Alexander the Great, Mount Güllük, Barry Neild, would’ve, , Önder Uğuz, he’s, Termessos, We’re, , Alexander the Great, Termessos would’ve Organizations: CNN, Turkey CNN, agora Locations: Termessos, Turkey, Antalya, That’s, Machu Picchu, Mount
The Meta CEO posted a video to Facebook and Instagram with the caption: "Happy birthday, America!" download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAh, yes, our favorite 4th of July tradition: Mark Zuckerberg's America-loving post. This year, he's back surfing while waving the American Flag, sipping a can of beer, and wearing a tux — oh, and don't forget the latest Zuck staple, a chain necklace. It looks like is also wearing a pair of Meta Ray-Bans, one of the company's wearable tech products it's been pushing heavily.
Persons: Mark Zuckerberg, , Mark Zuckerberg's, Meta Ray Organizations: Facebook, Service Locations: Mark Zuckerberg's America
That’s a problem for Big Beer, which is dealing with flat sales, declining volume and a fickle generation of younger drinkers who are completely ditching the bottle or preferring anything but a regular beer. It’s a non-carbonated drink because “bloating that may come from carbonation is considered a top barrier” for younger drinkers and the trend of “decarbonizing” drinks is blowing up on the app. Last year, it acquired Blue Run Spirits, a cult favorite high-end bourbon and rye whiskey brand, in light of US spirit sales surpassing beer sales. Its aptly titled “Beyond Beer” category is currently a $1.5 billion part of its global business and is helping attract younger, legally aged drinkers. Despite younger drinkers’ hesitance with buying beer and flat sales, Big Beer companies aren’t facing an existential threat.
Persons: youngs, Gen, NIQ’s Kaleigh Theriault, , ” Theriault, Gallo, Mark Anthony Brands, Miller, flavorful, TikTok Constellation, Corona, , Saúl Trejo, TikTok, Molson Coors, Molson, ” NIQ’s Theriault, Bud Light, seltzer, Jason Lowrie, it’s, Bud, Bud Light Seltzer, Dylan, , “ Young, ” Bryan Roth Organizations: New, New York CNN — Beer, CNN, Beverages, Big Beer, Molson Coors Beverage Company, Modelo, Constellation Brands, Anheuser, Busch InBev, TikTok, Corona, Corona Refresca, Molson Coors, Molson, “ Suppliers, Busch, Feel Goods Company Locations: New York, Corona, carbonation
Watch: Mark Zuckerberg’s 4th of July video goes viral
  + stars: | 2024-07-04 | by ( Fj Feng | ) edition.cnn.com   time to read: 1 min
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Yen drops to 38-year low, U.S. dollar slumps after weak data
  + stars: | 2024-07-04 | by ( ) www.cnbc.com   time to read: +5 min
A report indicating that the U.S. services sector contracted last month and factory orders fell also weighed on the dollar. The dollar was last up 0.1% at 161.64, after earlier falling to a session low below 161 following weak U.S. data. The yen also hit an all-time low of 174.48 against the euro . The euro rose to a three-week high against the dollar, and was last up 0.3% at $1.0781. Further pressuring the dollar was a weak U.S. services report from the Institute for Supply Management.
Persons: Sterling, Helen, , Shunichi Suzuki, Jonas Goltermann, nonfarm Organizations: U.S ., Federal Reserve, European Central Bank, Bank of Japan, Monex USA, U.S, Finance, ADP, Reuters, Capital Economics, Institute for Supply Management, PMI, Fed Locations: United States, Washington ., U.S
Mattress brands love an excuse to hold a sale, so it's no surprise that there are several mattress sales to find this Independence Day. Below, I've rounded up all of the best Independence Day mattress sales and 4th of July mattress deals to help make browsing easier. You can also find more of the best 4th of July sales here, including everything from air conditioners to swimsuits. The best 4th of July mattress salesAmerisleep : Get $500 off any mattress with the promo code JULY500: Get $500 off any mattress with the promo code Awara : Get up to 50% off mattresses. View at SaatvaHelix Dawn Luxe Mattress (Queen) $1,780.30 $2,373.80 Save 25% For extra firm support, you'll want the Dawn mattress.
Persons: — it's, you'll Organizations: Business, Amazon Prime, Luxe, Independence
More than half of Gen Z workers and millennials have "quiet vacationed" — taken time off without formally requesting PTO — during the July Fourth holiday week, with a similar trend expected to continue this year, according to a new Harris Poll of 1,274 American workers. Gen Zers and millennials might also be quiet vacationing to cope with constraints on PTO and increased feelings of burnout. More than half (53%) of Gen Zers and millennials from the Harris Poll survey say they "barely get any work done" around the Fourth of July. In a separate Harris Poll survey, half of employees said they get nervous requesting PTO (This increases to 58% for Gen Z and 61% for millennials). Many Americans from the Harris Poll survey said they wished their employer placed more emphasis on the value of taking time off.
Persons: , Tim Osiecki, Gen Zers, shirk, They're, Z, Osiecki, Gen Organizations: AAA, Harris, Workers
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July 4th travel rush is expected to be the busiest in history
  + stars: | 2024-07-03 | 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 EmailJuly 4th travel rush is expected to be the busiest in historyCNBC's Phil LeBeau reports on news from the July 4 travel rush.
Persons: Phil LeBeau
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrambling: Marriott, Hilton will see the strongest business and leisure demandStephen Grambling, Senior Equity Research Analyst at Morgan Stanley, discusses travel and leisure stocks ahead of the 4th of July holiday.
Persons: Hilton, Stephen Grambling, Morgan Stanley Organizations: Grambling, Marriott, Equity
London CNN —A twice-stolen painting by Italian Renaissance master Titian, which was once found in a plastic bag at a bus stop in London, sold for $22.3 million at auction on Tuesday. Titian, whose real name was Tiziano Vecellio, made the work in the first decade of the 16th century, at the beginning of his career. Measuring just 18.25 inches by 24.75 inches (46.2 centimeters x 62.9 centimeters), the painting is tiny compared with some of the massive works for which Titian became known later in his life. In 1995, it was stolen from Longleat, the home of Thynne’s descendants, and disappeared for seven years, before it was found at a bus stop in London by art detective Charles Hill. “This picture has captured the imaginations of audiences for more than half a millennia and will no doubt continue to do so,” he added.
Persons: London CNN —, Titian, Egypt ”, Christie’s, Jesus, Mary, Joseph, Herod, King of Judea, Tiziano, John Alexander Thynne , 4th Marquess of Bath, Charles Hill, ” Orlando Rock Organizations: London CNN, Italian, Napoleonic, Christie’s Locations: London, Egypt, Vienna, Paris, Wiltshire, England
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