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☆ How to prevent heat stroke and other heat-related emergencies
▼ + stars: | 2024-06-11 | by ( Katia Hetter | ) edition.cnn.com time to read: +7 min

Extreme heat weather events are expected to affect more than 60 million people across the US this summer. With summer temperatures on the rise, what should people know about the dangerous condition of heat stroke? CNN: What should people know about heat stroke? Dr. Leana Wen: Heat stroke is a medical emergency. Before someone reaches the point of having heat stroke, they may have heat exhaustion.

Persons: CNN — It’s, Leana Wen, Wen Organizations: CNN, US Centers for Disease Control, George Washington University Locations: West

☆ Wall Street’s facing an economic double-whammy this week
▼ + stars: | 2024-06-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Despite the rare event, it’s unlikely the stock market will swing widely because of the economic two-fer, some investors say. Inflation showed signs of cooling in April after staying worryingly warm during the first quarter of this year. America’s rural hospitals keep getting attacked by cybercriminals. Microsoft said in a statement to CNN that it would provide free security updates for eligible rural hospitals, as well as security assessments and training for hospital staff. Google will provide free cybersecurity advice to rural hospitals and start a pilot program to match the firm’s cybersecurity services with the needs of rural hospitals.

Persons: Powell, ”, Dave Sekera, Alicia Wallace, Sean Lyngaas, Michelle Watson Organizations: CNN Business, Bell, New York CNN, Federal Reserve, CPI, Bank of America, Morningstar, Investors, Traders, Fed, UBS, Federal Reserve Bank of New, The, Consumer, cybercriminals, Microsoft, Google, White, CNN, White House National Security Council Locations: New York, pare, Federal Reserve Bank of New York, York, United States

☆ Oil prices edge higher after weekly loss as Goldman sees supply deficit on summer fuel demand
▼ + stars: | 2024-06-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Platform Eureka, an offshore oil and gas platform operated by Beta Operating Company LLC, off the coast of Long Beach, California, US, on Thursday, Nov. 2, 2023. Crude oil futures rose slightly on Monday as analysts see summer fuel demand pushing the market into a supply deficit in the coming weeks. Goldman Sachs analysts said Brent should rise to $86 in the third quarter as summer transportation and cooling demand pushes the market into a "sizeable" deficit of 1.3 million barrels per day. Here are today's energy prices:Oil prices posted a loss last week after OPEC+ agreed to increase production starting in October through September 2025. OPEC+ can delay, pause or reverse its decision to raise production if needed to stabilize the oil market, Goldman analyst Daan Struyven told clients in a Sunday note.

Persons: Goldman Sachs, Brent, Daan Struyven Organizations: Beta Operating, Goldman Locations: Eureka, Long Beach , California, OPEC

☆ What to expect from the housing market in the second half of 2024, according to real estate experts
▼ + stars: | 2024-06-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

While the market is seeing more listings, the boost in supply is not enough to attract buyers, according to Doug Duncan, senior vice president and chief economist at Fannie Mae. "Mortgage rates are down a bit from May highs, but that hasn't spurred a surge of competition among buyers in the housing market," Divounguy said. Many experts believe the Federal Reserve will likely hold interest rates in the upcoming board meeting on June 12. However, the National Association of Realtors forecast a potential interest rate cut by the fall of this year, according to Jessica Lautz, the NAR's deputy chief economist. 'It's hard to foresee prices really cooling'While the housing market has slowed in terms of the number of transactions, prices haven't soften despite broader expectations, Ostrowski explained.

Persons: Orphe Divounguy, Realtor.com, Kelman, Doug Duncan, Fannie Mae, Duncan, Freddie Mac, hasn't, Divounguy, Jessica Lautz, Ostrowski Organizations: Realtor.com, CNBC, Federal Reserve, Reserve, National Association of Realtors Locations: U.S

☆ Treasury yields rise as investors look to Fed meeting, inflation data
▼ + stars: | 2024-06-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last more than two basis points higher to 4.8909%. U.S. Treasury yields were higher on Monday as investors looked ahead to the Federal Reserve's monetary policy meeting and key inflation data due this week. Due this week are the latest Federal Reserve interest rate decision and policy guidance, as well as fresh key economic data, including inflation data. The Fed is due to meet Tuesday and Wednesday, and is widely expected to leave interest rates unchanged at the conclusion of its meeting. Policymakers have repeatedly said that they are looking for more data evidence to be sure that inflation is easing sustainably toward the 2% target before making interest rate cuts.

Persons: downwardly Organizations: Treasury, U.S, Federal

☆ 8 accessories that are in this summer and 5 that are out, according to designers
▼ + stars: | 2024-06-10 | by ( Amena Ahmed | ) www.businessinsider.com time to read: +1 min

Business Insider asked three fashion designers which accessories are in and out for summer. Large sunglasses, big hair accessories, and lightweight scarves will be huge trends. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInflation finally seems to be steadily cooling down, so now is the perfect time to restock your wardrobe for the summer. Luckily, Business Insider spoke with three fashion designers to find out which accessory trends are in and out for the season — so you don't have to waste your hard-earned cash on out-of-style pieces.

Persons: — Organizations: Service, Business

☆ A recession indicator with a perfect record has been flashing red for 20 months. It may not be wrong yet.
▼ + stars: | 2024-06-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

A recession indicator with a flawless record has been flashing red for 20 months. The economist behind the inverted yield curve says it's too soon to declare it's wrong this time. AdvertisementA recession indicator with a perfect track record has been flashing red for 20 months now, but the economist who pioneered its use warned against dismissing it just yet. "I think it's way too early to declare a failure," Campbell Harvey told Fox Business about the inverted yield curve. This story is available exclusively to Business Insider subscribers.

Persons: Campbell Harvey, —, Harvey Organizations: Service, Fox Business, Duke University, Business

☆ The US office sector will worsen through next year, and the recovery will be slower than after the 2008 crisis, Fitch Ratings says
▼ + stars: | 2024-06-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Fitch Ratings revised its office delinquency forecast for 2024 and 2025. Maturing office loan refinanceability will reach no more than 16%-21%. AdvertisementThings are not looking up for the US office sector, with loan performance set to slump even further in 2025, Fitch Ratings said. Driving the fallout are still-elevated interest rates, cooling economic growth, and a stricter lending environment, Fitch wrote on Friday. Fitch anticipates low refinanceability on maturing office loans through this year, with 16%-21% able to refinance.

Persons: Fitch, — Organizations: Service, Fitch, National Association of Realtors

☆ Here’s the ‘bad news’ in the ‘good’ jobs report
▼ + stars: | 2024-06-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

CNN —At a time when Americans and the Federal Reserve are clamoring for clear-cut data about the state of the economy, Friday’s jobs report was much more opaque than everyone had hoped. Unemployment roseThe unemployment rate rose to 4% from 3.9%. The rise in unemployment can be traced to the findings of the household survey (one of two surveys that feed into the monthly jobs report). Compared to the establishment survey that showed the robust 272,000 net gain in jobs, the household survey faltered. That’s in the service sector, everything from personal care services, dry cleaning, cleaning and home maintenance and vehicle maintenance, she said.

Persons: Dean Baker, ” Diane Swonk, Gus Faucher, “ Jobs, ”, ” Julia Pollak, ZipRecruiter, ” Pollak, ” Swonk, That’s, ” Andrew Challenger, hirings, Wells, Sarah House, Mike Pugliese, it’s Organizations: CNN, Federal Reserve, KPMG, PNC, “ Employers, Challenger

☆ US economy added a whopping 272,000 jobs in May
▼ + stars: | 2024-06-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

At a time when Americans and the Federal Reserve are clamoring for clear-cut data about the state and trajectory of the economy, Friday’s jobs report was much more opaque than everyone had hoped. Employment fell in the household survey, while unemployment increased to just shy of 6.5 million and pushing the unemployment rate to the threshold of 4%. Service-providing industries accounted for the bulk of the month’s job gains, with health care and social assistance continuing to lead the way, with 83,500 jobs added. “Don’t get overly spooked by the rise in the unemployment rate,” Bunker wrote. “The labor market is still gliding toward a soft landing.”

Persons: ” Dean Baker, “, I’ve, Diane Swonk, ”, Wall, Chris Rupkey, FwdBonds, CEPR’s Baker, ” Baker, ” Thomas Simons, Jeffries, Nick Bunker, Bunker, “ Don’t, ” Bunker Organizations: CNN, Federal Reserve, Center for Economic, Policy Research, of Labor Statistics, KPMG, That’s, Index, Traders, BLS, Service, North America

☆ Jim Cramer gauges how packaged food stocks will stack up in a cooling economy
▼ + stars: | 2024-06-07 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer gauges how packaged food stocks will stack up in a cooling economy'Mad Money' host Jim Cramer looks at the recent performance of packaged food stocks and gauges how well the stocks will perform in a cooling economy.

Persons: Jim Cramer

☆ Campbell reported solid results, but management gave not-so-hot guidance, says Jim Cramer
▼ + stars: | 2024-06-07 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCampbell reported solid results, but management gave not-so-hot guidance, says Jim Cramer'Mad Money' host Jim Cramer looks at the recent performance of packaged food stocks and gauges how well the stocks will perform in a cooling economy.

Persons: Campbell, Jim Cramer

☆ The Fed's rate decision and May inflation data will be key tests for the stock market next week
▼ + stars: | 2024-06-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The next rate decision from the Federal Reserve coupled with May inflation data, both on Wednesday, will play key roles in how stocks perform next week — quite probably lending added volatility to an already jittery market. The Fed's rate decision All eyes are on the Fed next week and its rate decision that's set to come down at 2 p.m. Wednesday. But investors have tempered expectations since then amid a spate of stubborn inflation data. That makes May's consumer price index report due out before the bell Wednesday another key focal point for investors. Economists polled by Dow Jones are bracing for the consumer price index to rise 3.4% year over year and 0.1% on a monthly basis.

Persons: nonfarm, Kathryn Kaminski, Scott Wren, they've, it's, Tony Roth, Envestnet's Dana D'Auria, D'Auria, Dow Jones, Wells, Wren, John Belton, Apple, Jerome Powell, John Wiley Friday Organizations: Federal, Nvidia, Apple, Microsoft, GameStop, Dow, AlphaSimplex Group, Fed, Federal Open Market, European Central Bank, European Union, Wells Fargo Investment, Wilmington Trust's, CPI, Apple's Worldwide, Broadcom, Dave, Treasury, Signet Jewelers, University of Michigan Locations: Wells Fargo, Cupertino , California

☆ Home prices are cooling nationwide. These 4 cities are leading the declines.
▼ + stars: | 2024-06-06 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

The share of US homes seeing price declines has hit its highest level since 2022, Redfin said. It could be a sign that national price growth will soon start softening. 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 . AdvertisementMore than 6% of US homes are seeing price declines, the biggest share since November 2022, according to a new Redfin report.

Persons: Redfin, —, That's Organizations: Service, metros, Business Locations: Texas, Oregon, Austin, San Antonio, Fort Worth, Portland , Oregon

☆ Stocks making the biggest moves midday: Five Below, Salesforce, Lululemon, Instacart and more
▼ + stars: | 2024-06-06 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

For the current quarter, Five Below said it expects between $830 million and $850 million in revenue, while analysts polled by LSEG expected $883 million. The move was made earlier this week and comes just days after the company reported its first revenue miss since 2006. Lululemon issued weak guidance for the current quarter, but its full-year earnings per share guidance was above expectations. The company recorded earnings of $2.66 per share, which is better than the LSEG consensus estimate of $2.33 in earnings per share. The bank cited its earnings per share potential and discounted valuation as reasons for the call.

Persons: LSEG, ValueAct, Mason Morfit, Lululemon, Sprinklr, Smartsheet, Smucker, Goldman Sachs, —, Samantha Subin, Michelle Fox, Lisa Han, Alex Harring Organizations: LSEG, Revenue, Old Dominion, Fluence Energy, Guggenheim, Ultragenyx Pharmaceutical, JPMorgan

☆ Gold gains as U.S. dollar, yields slip; focus on jobs data
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +1 min

Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as September, while investors awaited the U.S. non-farm payrolls data. Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as September, while investors awaited the U.S. non-farm payrolls data. Spot gold was up 0.8% at $2,373.31 per ounce as of 0258 GMT, after rising 1% in the previous session. The dollar index was down 0.2%, hovering around a near two-month low, and benchmark U.S. 10-year Treasury yields lingered near their weakest levels in more than two months. "The fundamental outlook still looks constructive for gold as we move closer towards possible Fed rate cuts in the second half of the year.

Persons: Tim Waterer Organizations: Treasury, ., U.S ., KCM, U.S, Federal

☆ Stocks making the biggest moves before the bell: Robinhood, Nvidia, Lululemon, Five Below and more
▼ + stars: | 2024-06-06 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Five Below told investors to expect between $830 million and $850 million, while analysts polled by LSEG forecasted $883 million. Sprinklr — The business technology stock dove 21.1% in the wake of weak guidance for the current quarter and full year. StoneCo — The financial technology stock rose 2.6% following an upgrade to overweight from neutral by JPMorgan . Ultragenyx Pharmaceutical — The biopharma stock added nearly 4% following an upgrade to buy from neutral at Goldman Sachs. Shopify — The e-commerce technology stock slipped 1.6% on the back of a MoffettNathanson downgrade to neutral from buy.

Persons: Goldman Sachs, Smartsheet, LSEG, Sprinklr, Mizuho, there's, StoneCo, CH Robinson, Goldman, ISI's, Shopify, Guggenheim, —, Jesse Pound, Michelle Fox, Lisa Kailai Han Organizations: Nvidia, LSEG, Revenue, Mizuho, JPMorgan, Ultragenyx Pharmaceutical, Goldman, eBay, Citi, UBS, BMO Capital, BMO, Viridian Therapeutics, ISI, Energy Locations: Americas

☆ Why Friday’s jobs report could be one for the record books
▼ + stars: | 2024-06-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —The US job market showed a softer side in April when just 175,000 jobs were added, marking one of the weakest months in the past three years. It was also well shy of economists’ expectations (for 235,000 jobs added) and sharply lower than the 315,000 net gain for March. A separate report released Thursday showed that fewer job cuts were announced in May than both the month and year before. Foreign-born workers: In addition to high labor force participation rates among prime working age individuals, specifically prime working-age women, the US labor market is benefiting from a boom in immigrant workers. Some of these workforce moves typically come at the end of the school year, meaning the May jobs report and June report could show the effects.

Persons: It’s, we’ve, Elizabeth Crofoot, ”, aren’t, Crofoot, Dean Baker, that’s, Julia Pollak, “, ” Andrew Challenger, Ryan Sweet, CEPR’s Dean Baker Organizations: CNN, Bureau of Labor Statistics, Federal Reserve, BLS, Center for Economic, Policy Research, “ Employers, Department of Labor, Challenger, Secondary School Emergency, Oxford Economics Locations: State

☆ Middle-class Americans are falling behind
▼ + stars: | 2024-06-06 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Middle-class income growth has lagged behind that of the upper class since 1970, according to a Pew Research Center report published May 31. There are signs that middle-class Americans are dialing back their spending. Fast food joints, a mainstay dining destination for middle-income consumers, are leaning into discounts to placate frustrated diners. Kohl’s that same month reported weak first-quarter results, underlining how middle-income consumers are pulling back spending on non-essential clothing and discretionary merchandise at department stores. Economic growth has been anemic in recent years, squeezing living standards and starving public services of funds.

Persons: ”, Jennifer Jones Austin, Thomas Kingsbury, Narendra Modi, Diksha Madhok, Peeyush Mittal, Modi, ” Shilan Shah, ” Read, Hanna Ziady, Rishi Sunak, Sunak, Keir Starmer, Tony Blair, Starmer Organizations: CNN Business, Bell, New York CNN, Pew Research, Living Coalition, Data, Bureau of Labor Statistics, Matthews Asia, Bharatiya Janata Party, BJP, Capital Economics, Conservative Party of, European Union, Labour Party, National Health Service, Labour, Conservative Party Locations: New York, India’s, India, United Kingdom, China, San Francisco, Beijing, Washington, Ukraine

☆ Fed policy hasn't cooled the labor market and a 'serious consumer recession' could strike if services jobs tumble, real estate billionaire Barry Sternlicht says
▼ + stars: | 2024-06-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Read previewThe Federal Reserve's aggressive inflation fight hasn't worked to cool off the job market, and the central bank risks sparking a "serious" downturn for US consumers, according to real estate billionaire investor Barry Sternlicht. Sternlicht said high interest rates haven't loosened the job market even in the most rate-sensitive areas like construction. Related storiesJobs in the healthcare industry have climbed 1.4 million since March 2022, the month the Fed first began raising interest rates. The Fed keeping interest rates higher for longer risks further weakening the job market. Other Wall Street forecasters have been warning of the risk of recession, especially as interest rates look poised to stay higher for longer.

Persons: —, hasn't, Barry Sternlicht, Sternlicht, Jerome Powell, He's Organizations: Service, Starwood Capital, Business, Fed, Bureau of Labor Statistics, CNBC, Challenger, New

☆ We're on track for a soft economic landing, but it still feels like the economy stinks
▼ + stars: | 2024-06-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why the US economy is on track (again) for a soft economic landing . The big storyAnother economic turnaroundGetty Images; Chelsea Jia Feng/BIIt took longer than expected, but the US economy is finally on track for a soft landing. After a scary few months of economic data that had investors fearing a recession and stagflation, the tides have turned again. AdvertisementRecent data showing inflation and the labor market cooling have given hope that a soft landing is in the cards — and may even be underway — for the US economy, writes Business Insider's Madison Hoff. AdvertisementThe US economy is about to make a soft landing — a situation in which inflation cools without causing a recession or sudden spike in unemployment.

Persons: —, Chelsea Jia Feng, Insider's Madison Hoff, Arantza Pena Popo, bummed, it's, aren't, Johannes Eisele, Monica Schipper, Nordin Catic, Tyler Le Tim Cook, Cook, Jack Dorsey, Dorsey, Abanti Chowdhury, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, George Glover, Annie Smith Organizations: Service, shoplifters, Business, Fed, Johannes, Getty, OpenAI, Apple, BI, Street Journal, Comcast, New York Stock Exchange Locations: AFP, New York, London

☆ It finally looks like the US economy is sticking its soft landing
▼ + stars: | 2024-06-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

A soft landing is on the horizon, too — or already here depending on who you ask — and recent data reinforces that. AdvertisementThere has been a ton of moderation in this rate particularly when comparing recent changes to those seen in 2022, another sign pointing to a soft landing. AdvertisementThe soft landing might already be hereDavid Kelly, chief global strategist at J.P. Morgan Asset Management, believes the US has already achieved a soft landing. "To me, a soft landing is when the unemployment rate has basically hit its full-employment level, and the inflation rate is gradually coming down to a rate that's acceptable," Kelly said. Advertisement"In other words, a fairly comfortable soft landing with occasional turbulence," Draho added.

Persons: —, That's, it's, Joseph Briggs, Goldman Sachs, Briggs, Nick Bunker, Bunker, David Kelly, Kelly, Jason Draho, Draho, It's Organizations: Service, Business, Bureau of Labor Statistics, North America, UBS, Morgan Asset Management, UBS Global Wealth Management

☆ Ahead of schedule: Why the Fed should cut rates in July, according to Mohamed El-Erian
▼ + stars: | 2024-06-05 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

The Fed should start cutting interest rates in July, but likely won't, Mohamed El-Erian said. "We've had nothing but negative surprises," he told Fox Business. AdvertisementWhile markets dissect economic data points to determine whether interest-rate cuts will come this fall, Mohamed El-Erian says there's enough to support cuts in July. "We've had nothing but negative surprises," he said. This story is available exclusively to Business Insider subscribers.

Persons: Mohamed El, Erian, We've, — Organizations: Fox Business, Service, Federal, Business

☆ Stock market today: Indexes rise as weak private payroll data boosts optimism for rate cuts
▼ + stars: | 2024-06-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Stocks rose on Wednesday as investors took in weaker jobs data. Investors are solidly betting on at two rate cuts in 2024, according to the CME FedWatch tool. AdvertisementUS stocks ticked higher on Wednesday as traders took in soft jobs data and revved up their hopes for Fed rate cuts later this year. Meanwhile, annual wage growth remained level at 5% — both promising signs that the job market is coolingWeaker hiring trends are good news for the outlook for rate cuts. Investors are largely expecting the Fed to hold interest rates steady at its next policy meeting, but are still feeling bullish on rate cuts by the end of the year.

Persons: —, 1750,000 Organizations: Service, Treasury, ADP, Bank of America, Investors

☆ Shaving? Wax? At home laser? Experts share the best way to remove your hair for the summer
▼ + stars: | 2024-06-05 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

CNN —With hotter weather often comes more skin showing—and for many that means increased sense of pressure to get rid of body hair. Laser hair removal treatments are offered both at dermatologists’ offices and places like medical spas. At home devicesYou might have seen advertisements all over your social media pop up for devices marketed to be like at home laser hair removal. “They may get temporary hair removal, but it’s very difficult to get good permanent hair removal,” she said. Waxing, creams and shavingWaxing and shaving are time honored methods of hair removal, Hooper said.

Persons: Deirdre Hooper, Suzanne Kilmer, ” Hooper, Hopper, ” Kilmer, Hooper, “ You’re, Kilmer, “, ”, haven’t Organizations: CNN, Audubon Dermatology, Surgery, Northern, University of California, Davis Medical, IPL –, IPL Locations: New Orleans, Northern California, Davis , California

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