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☆ Gen X is fed up, so they're taking more vacations alone
▼ + stars: | 2024-06-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Gen X is shifting from family trips to solo and friend-based vacations. More than 60% of Gen Xers book vacations to escape daily stress, the highest of any generation. However, neither of those studies differentiated between Gen Xers and baby boomers or how those numbers have changed over time. Morning ConsultThe next most common reason for Gen X to take a vacation was to visit family or friends, at slightly more than 40%. AdvertisementDriven by a need to escape and influenced by financial considerations, Gen Xers are carving out new travel experiences, prioritizing their well-being.

Persons: Gen Xers, —, Xers —, Xers, Lindsey Roeschke, I'm, Roeschke, X Organizations: Service, US Census Bureau, US, Bureau, Bowling Green State University, Business

☆ Fed meeting and inflation report both hit Wednesday, and the impact could be huge
▼ + stars: | 2024-06-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Jerome Powell, Chairman of the U.S. Federal Reserve, speaks during the conference celebrating the Centennial of the Division of Research and Statistics, Board of Governors of the Federal Reserve System in Washington D.C., United States on November 08, 2023. None of those numbers are dramatically different from the April readings, and still show inflation running well above the Fed's 2% target. Central bankers prefer the Commerce Department's measure of personal consumption expenditures prices, a broader measure that also accounts for changes in consumer behavior. The Bureau of Labor Statistics is scheduled to release the CPI report at 8:30 a.m. The Fed meeting

Persons: Jerome Powell, Celal Gunes, Jonathan Pingle, Pingle, tinker, Jack Janasiewicz, —, Janasiewicz Organizations: U.S . Federal Reserve, of Research, Statistics, Governors, Federal, System, Washington D.C, Getty, Anadolu, Federal Reserve, UBS, CPI, Investment, Labor Statistics Locations: Washington, United States, Anadolu

☆ Here's an undervalued stock that can benefit from new Alzheimer's drugs
▼ + stars: | 2024-06-11 | 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. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Financials, Morgan Stanley, Wells, —, Jim, Eli Lilly, Biogen, Jim Cramer's, LLY, DOV Organizations: CNBC, Federal, GE Healthcare, FDA, GE, JPMorgan, Dover Locations: That's, Dover

☆ Countdown to Fed rate decision:Here's what you need to know
▼ + stars: | 2024-06-11 | 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 EmailCountdown to Fed rate decision:Here's what you need to knowJames Bullard, Purdue University's Business School Dean and former St. Louis Fed President, joins 'Squawk on the Street' to discuss why it could be wise to cut sooner but slower, whether the Fed will stick with higher for longer, and if the Federal Reserve is keying in on rival central banks.

Persons: James Bullard, Purdue University's Business School Dean, Louis Organizations: Purdue University's Business School, Louis Fed, Federal

☆ The Fed is winning its battle against inflation. So why isn’t it cutting rates?
▼ + stars: | 2024-06-11 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

That’s why it is crucial for central bankers to insist on 2%. “By communicating an explicit inflation target — and then delivering inflation consistent with that target — central banks earn credibility with the public,” New York Fed President John Williams said in a recent speech. Stripping away highly volatile categories such as food and energy — a measure referred to as “core” inflation — won’t quell central bankers’ concerns. The Fed can’t ignore CPIAlthough CPI isn’t the inflation gauge the Fed targets, central bankers don’t write it off. It was, however, welcome news to Fed officials that Consumer Price Index-measured inflation fell to 3.4% in April from 3.5% in March.

Persons: Frank Robinson, “, they’re, Jerome Powell, ” Powell, Ben Bernanke, they’ll, John Williams, hasn’t, ”, Tom Barkin, don’t, Christopher Waller Organizations: New, New York CNN —, Federal, Fed, New York Fed, ” New York Fed, ” Richmond Fed, CPI Locations: New York

☆ Asia-Pacific markets are trading mixed as S&P and Nasdaq set fresh records
▼ + stars: | 2024-06-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024. Asia-Pacific markets opened mixed on Tuesday, even as the S&P 500 and Nasdaq Composite reached new highs on Wall Street overnight. Investors will parse through the Fed's updated projections on the timing and frequency of rate cuts. Markets are now pricing in just one rate cut this year, coming in November, according to the CME FedWatch Tool. Asia-Pacific markets like Australia, Hong Kong, mainland China and Taiwan will return to trade on Tuesday, after being closed for a public holiday the previous day.

Organizations: Nasdaq, Traders, U.S, U.S . Federal Locations: Seoul, Asia, Pacific, U.S ., Australia, Hong Kong, China, Taiwan

The Fed meets Tuesday and Wednesday to talk about interest rates, which many voters are really frustrated about. People are saying high rates make it hard to buy a home or car or deal with debts. We eventually need to get into the underlying economics — why are interest rates high, and will they stay there? But first, on how interest rates influence people’s views, we need to deal with an odd aspect of the situation. High interest rates are, indeed, a burden on some Americans, especially first-time home buyers.

Persons: Peter Coy, Paul, we’ve, They’re, they’re, Biden, Donald Trump, Trump, Paul Krugman, Peter Organizations: Fed, University of Michigan, Biden

☆ I'm a cybersecurity expert who likes using AI. But I'd never share a few things with ChatGPT or its competitors.
▼ + stars: | 2024-06-11 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

I'm a security expert and a vice president of engineering at a content management system company, which has Netflix, Tesla, and Adidas among its clients. Here are four things I would keep in mind when interacting with AI chatbots like OpenAI's ChatGPT, Google's Gemini, Anthropic's Claude, or Perplexity AI. Follow company AI guidelinesAs using AI in the workplace becomes common for tasks like coding or analysis, it is crucial to follow your company's AI policy. As AI chatbots become more humanlike, we are swayed to share more and open up to topics we would not have before. Do you work in tech or cybersecurity and have a story to share about your experience using AI?

Persons: —, Sebastian Gierlinger, Google's, Anthropic's Claude, ChatGPT, OpenAI, chatbots Organizations: Service, Netflix, Tesla, Adidas, Business, Facebook Locations: Storyblok, Austria

☆ Brown Brother Harriman's Scott Clemons: Anticipate a 25 basis point cut at December meeting
▼ + stars: | 2024-06-11 | 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 EmailBrown Brother Harriman's Scott Clemons: Anticipate a 25 basis point cut at December meetingScott Clemons, Brown Brothers Harriman CIO, joins 'Power Lunch' to his expectation from the Fed.

Persons: Harriman's Scott Clemons, Scott Clemons, Brown Organizations: Brown Brothers

☆ Watch CNBC's full interview with economists and experts' views on Fed decision
▼ + stars: | 2024-06-11 | 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 EmailWatch CNBC's full interview with economists and experts' views on Fed decisionDon Peebles, Peebles Corporation CEO and chairman; William Lee, Milken Institute chief economist; Julia Coronado, MarcroPolicy Perspectives founder; David Zervos, Jefferies chief market strategist; Claudia Sahm, New Century Advisors chief economist; and Paul McCulley, Pacific Investment Management Co. former chief economist, join 'Power Lunch to participate in a mock Fed board.

Persons: Don Peebles, William Lee, Julia Coronado, David Zervos, Claudia Sahm, Paul McCulley Organizations: Peebles Corporation, Milken Institute, MarcroPolicy, Jefferies, Claudia Sahm , New Century Advisors, Pacific Investment Management Co Locations: Claudia Sahm ,

☆ Analysts are warning there could be zero rate cuts in 2024 - and stocks could suffer if the Fed doesn't move
▼ + stars: | 2024-06-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Some analysts are eyeing zero rate cuts from the Fed this year. AdvertisementAfter the latest jobs report all but dismissed an interest rate cut in July, some analysts are taking it a step further, and expect no rate cuts at all this calendar year. That's more pessimistic than what investors continue to bet on, with fed fund futures indicating at least one 25-basis point rate cut to occur in 2024. According to market veteran Ed Yardeni, the Federal Reserve should "take a vacation," and leave interest rates unchanged through 2024, he told CNBC-TV18. AdvertisementMeanwhile, Catalyst Capital's David Miller agreed that the Fed shouldn't cut interest rates in 2024, citing that this would allow inflation to run hotter.

Persons: RBC's Lori Calvasina, —, That's, It's, Lori Calvasina, Ed Yardeni, Capital's David Miller, Mark Zandi, I've Organizations: Service, Bloomberg, Treasury, Federal, CNBC, TV18, Yardeni Research, Moody Analytics, Federal Reserve

☆ Stock market today: S&P 500 and Nasdaq close at record highs ahead of Fed meeting, May inflation report
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks started the week with gains as the S&P 500 and Nasdaq hit record highs. The all-time highs come ahead of the May inflation report and the Fed's two-day FOMC Meeting. AdvertisementUS stocks climbed to kick the week, with the S&P 500 and Nasdaq 100 closing at record highs. Earlier that day, investors will digest the May consumer price index report, which will set the tone for markets as investors head into the summer months. Economists expect Core CPI to have risen 0.3% month over month last month.

Persons: —, Morningstar, Dave Sekera, Jerome Powell, Sekera, Dan Ives, Ives Organizations: Nasdaq, Apple, Service, Federal Reserve, CPI, Here's

☆ The risk of an imminent slowdown isn't likely, New York Life Investments' Lauren Goodwin
▼ + stars: | 2024-06-10 | 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 EmailThe risk of an imminent slowdown isn't likely, New York Life Investments' Lauren GoodwinLauren Goodwin, New York Life Investments portfolio strategist, join 'Closing Bell' to discuss what to expect from the economic reports and the Fed this week.

Persons: Lauren Goodwin Lauren Goodwin Organizations: York Life Investments, New York Life Investments Locations: York, New York

☆ Americans tired of sky-high borrowing costs will be disappointed this week
▼ + stars: | 2024-06-10 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Another month, another hot jobs report that has Wall Street wondering when the Federal Reserve will finally cut interest rates. On the other, it puts long-awaited interest rate cuts from the Federal Reserve on the back burner. Before the Bell: Do you think the Fed could lower its projection for three quarter-point rate cuts this year? Is it concerning that the European Central Bank and Bank of Canada have begun cutting rates before the Fed? A Samsung spokesperson told CNN that, “there is no impact on production and management activities” as a result of the one-day walkout.

Persons: Bell, Nate Thooft, I’m, that’s, Yoonjung Seo, —, Son Woomok, Matt Egan, Lina Khan, Beam, Robinson Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Manulife Investment Management, Reserve, European Central Bank, Bank of Canada, European Central Bank and Bank of Canada, Workers, Samsung Electronics, Nationwide Samsung Electronics Union, CNN, Reuters, Samsung, SK Hynix, Micron Technology, Federal Trade Commission, Southern, Biden, FTC, Politico Locations: New York, South Korea, Miami, United States

☆ The Fed, May inflation, and Apple are set to lead a massive week for the stock market
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The May CPI report, crucial for Fed decisions on rate cuts, is set to be released Wednesday. This week has a Fed meeting, the May PPI, initial jobless claims, and a consumer-sentiment report. AdvertisementIt's shaping up to be a big week for the stock market, with a slew of economic data set to be released, along with a Fed meeting and an all-important Apple event. The Fed meetingThe Fed plans to announce its latest decision on interest rates on Wednesday at 2 p.m. Overall, Lee is feeling good about the prospects for higher stock prices this week amid the economic dataset's release.

Persons: Apple's, —, Apple, Tom Lee, Jerome Powell, Lee, it's Organizations: CPI, Service, Apple, Federal Reserve, Fed, University of Michigan

☆ Gold holds steady after biggest sell-off in 3-1/2 years
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices held steady on Monday after a sharp sell-off in the previous session on stronger-than-expected U.S. jobs data, with investors awaiting the Federal Reserve policy meeting this week for further direction. The jobs report led traders to once again shift their expectations of when the Fed will cut rates and by how much. The dollar hit a more than one-week high against its rivals, while the benchmark U.S. 10-year Treasury yields scaled its highest since June 3. Spot silver rose 0.9% to $29.43 per ounce, platinum was up 0.8% at $971.10 and palladium gained 1.1% to $922.38.

Persons: Kelvin Wong, Jerome Powell, Wong Organizations: Co, Reserve, Asia Pacific Locations: Bangkok, Thailand, China, OANDA

☆ ANZ: Expect Fed to cut interest rates in September and December
▼ + stars: | 2024-06-10 | 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 EmailANZ: Expect Fed to cut interest rates in September and DecemberKhoon Goh of ANZ shares his forecast for U.S. Federal Reserve interest rate cuts.

Persons: Khoon Goh Organizations: ANZ, . Federal

☆ 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

☆ Fed has hit its objective, so they should lower rates: Moody's Mark Zandi
▼ + stars: | 2024-06-10 | 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 EmailFed has hit its objective, so they should lower rates: Moody's Mark ZandiMark Zandi, Moody's Analytics chief economist, joins 'Squawk on the Street' to discuss why the Federal Reserve should cut rates, the metrics it bases its decisions on, and more.

Persons: Mark Zandi Mark Zandi Organizations: Fed, Federal Reserve

☆ Americans are feeling rosier about their finances, the stock market and inflation’s decline
▼ + stars: | 2024-06-10 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

The New York Fed’s May Survey of Consumer Expectations showed improvement of people’s perceptions of their current financial situation as well as their outlook for a year from now. Households’ expectations for highest US stock prices improved to a three-year high. In May, home price expectations were still high, unchanged from the month before; however, inflation expectations dipped — and that’s a good sign for the Federal Reserve. Monday’s survey showed that the three- and five-year inflation expectations were unchanged. When the April CPI showed inflation on a cooler trajectory than it had started the year, the major US stock indexes all surged to record highs.

Organizations: CNN, Federal Reserve Bank of New, The, Consumer, Survey, Federal Reserve Locations: Federal Reserve Bank of New York, York

☆ Destination Wealth Management CEO Michael Yoshikami: Soft landing still in the cards
▼ + stars: | 2024-06-10 | 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 EmailDestination Wealth Management CEO Michael Yoshikami: Soft landing still in the cardsDestination Wealth Management CEO Michael Yoshikami joins CNBC's 'The Exchange' to share economic outlooks, expectations for Fed rate cuts, and more.

Persons: Michael Yoshikami Organizations: Wealth

☆ Asia markets are mixed ahead of Fed and BOJ decisions this week; Australia and China markets closed
▼ + stars: | 2024-06-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were mixed on Monday after a stronger-than-expected U.S. jobs report on Friday revealed hiring and wage growth picked up in May. This adds to the narrative the Fed doesn't have to rush to lower interest rates. Traders don't expect the Federal Open Market Committee to cut rates at its meeting this week or the next meeting in July. This week in Asia, investors will be looking at Japan's first-quarter gross domestic product numbers on Monday, followed by the Bank of Japan's rate decision on Friday. Separately, China and India's inflation numbers for May will be released on Wednesday.

Organizations: Bank of Japan, Bank of Locations: Tokyo . Asia, Pacific, Asia, China

☆ Stock futures are little changed as investors gear up for start of Fed policy meeting: Live updates
▼ + stars: | 2024-06-10 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Stock futures are near flat Monday night as investors await the start of June's Federal Reserve policy meeting. S&P 500 futures and Nasdaq 100 futures both also traded near their flatlines. This comes as traders prepare for the two-day Fed policy meeting commencing Tuesday. The meeting will conclude on Wednesday with an interest rate policy decision and a subsequent press conference featuring Federal Reserve Chair Jerome Powell. Fed funds futures were indicating virtually no chance of a cut at this week's meeting, according to CME's FedWatch Tool.

Persons: Jerome Powell, CME's, We've, Zachary Hill Organizations: June's Federal, Dow Jones Industrial, Nasdaq, Dow, Horizon Investments, Oracle

☆ 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

☆ Anderson Capital's Peter Andersen: I am a 'rational' supporter of AI
▼ + stars: | 2024-06-10 | 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 EmailAnderson Capital's Peter Andersen: I am a 'rational' supporter of AIPeter Andersen, Andersen Capital Management CIO, joins 'Power Lunch' to discuss markets, the Fed, and when to find sell triggers in AI plays.

Persons: Anderson, Peter Andersen Organizations: Andersen Capital Management

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