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Much of the S&P 500’s gains were concentrated in the Magnificent Seven big tech names, while other stocks lagged behind. Coming into this year, Wall Street projected that the Fed would ease rates as many as six times in 2024. What could be in store for the stock market during the second half of 2024? “I feel very, very good about the values of my three children, and I have 100% trust in how they will carry things out,” Buffett told the Journal. Previously, Buffett had said his will stated that more than 99% of his estate was earmarked for philanthropic usage to the Bill & Melinda Gates Foundation and the four charities connected to his family: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation.
Persons: there’s, Bell, Kevin Gordon, Charles Schwab, you’ve, It’s, we’re, it’s, I’d, That’s, Warren Buffett, Buffett, Berkshire Hathaway, Melinda Gates, ” Buffett, Susan Thompson Buffett, Howard G, Read, Matt Egan, unstuck, , Michael Gapen Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Nvidia, Federal Reserve, Wall, Fed, Berkshire, Wall Street, Melinda Gates Foundation, Gates, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Gates Foundation, Bank of America, CNN Locations: New York, America
Global stocks ended the first half of 2024 up by more than 12%, and investors stand to make good money over the next six months if history repeats itself. Since the late 1980s, though, after a first-half rise of over 12%, stocks rose every single time in the second half of the year. The analysis also reveals that since 1970, the global stock market index had an average 21.25% price return for the whole year when the index was up more than 12% halfway through the year. The U.S.-only S & P 500 index has behaved in a very similar way to the MSCI World Index since 1989. The stock market had risen by more than 25% in the first half of that year.
Persons: Organizations: CNBC Locations: U.S
Gold holds ground as slowing inflation boosts Fed rate-cut bets
  + stars: | 2024-07-01 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start cutting interest rates this year. Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start cutting interest rates this year. Data showed on Friday that the personal consumption expenditures index, increased 2.6% after advancing 2.7% in April. But, "any failure to defend the $2,280 level ahead may potentially pave the way for gold prices to head towards the $2,200 next". Spot silver dipped 0.2% to $29.06, platinum fell 0.7% to $986.08 and palladium held steady at $972.74.
Persons: Yeap Jun Rong, Jerome Powell Organizations: Federal Reserve, ANZ
In 2023, according to data compiled by Workday, companies across every industry promoted fewer employees than they did the previous year. The cutbacks were especially stark in tech, where promotion rates plunged by 25%. Yes, high interest rates and slower economic growth means that companies are being forced to tighten their belts. Related storiesEven when the job market begins to heat up again, we may not see promotion rates recover to 2022 levels for some time — or ever. Companies need to remember that even though employees can't afford to quit their jobs in the current hiring slump, they can still quiet quit.
Persons: Jessica, She'd, Mercer, Kelli Dragovich, , everyone's, Gen Zers, Xers, We'll, they'll, Michael Citron, they're, She's, I've, Aki Ito Organizations: Tech, Mercer, Business Locations: America
CNN —Sydney McLaughlin-Levrone broke the 400-meter hurdles world record for the fifth time on Sunday, clocking 50.65 seconds at the US Olympic Trials. Running in lane five, McLaughlin-Levrone was leading the race by the 250-meter mark and had opened up a huge lead as she raced down the home straight. “I would love to dip under 50 at some point,” said McLaughlin-Levrone. In the men’s event, Rai Benjamin set a trials record of 46.46 as he looks to upgrade the silver medal he won behind Norwegian Karsten Warholm at the Tokyo Olympics. CJ Allen and Trevor Bassitt also made the team after finishing second and third respectively.
Persons: CNN — Sydney McLaughlin, Levrone, McLaughlin, Anna Cockrell, ” McLaughlin, , Femke Bol, Cockrell, Jasmine Jones, , that’s, Rai Benjamin, Karsten Warholm, CJ Allen, Trevor Bassitt Organizations: CNN, US, Eugene’s Hayward Field, Paris, Paris Olympics, Paris Games, Hayward, Tokyo Locations: Paris
Yet it's also given developers reason to be dubious: code produced by ChatGPT is often full of mistakes. 'Fewer hallucinated bugs'To begin, OpenAI is limiting CriticGPT's access to AI trainers. OpenAI has acknowledged that the more advanced its AI models become, the harder it can be for AI trainers "to spot inaccuracies when they do occur." AI models are also still susceptible to hallucinations that can be missed by AI trainers, OpenAI said. CriticGPT clearly has a long way to go, but shows that OpenAI is at least trying to tackle the problem.
Persons: , chatbot, it's, ChatGPT, OpenAI, CriticGPT, Jan Leike, e6CiXXoCeG, EJ6OSfUN9p — Jan Leike, Sam Altman's Organizations: Service, Business, Purdue University Locations: CriticGPT
While most of their issues I can address over the phone, some need a recommendation for a pediatrician for in-person care. There aren’t enough pediatricians right now, and because of that, some kids are unable to get the care they need. In New Jersey, children who need a developmental pediatrician wait a minimum of three months. In Philadelphia, kids can wait three to six months for a pulmonologist and four months to see an allergist, and many can’t see a developmental pediatrician at all. The results of this year’s medical residency match — a process where medical students are paired with residency programs in U.S. hospitals — were startling.
Persons: haven’t, , we’ve Locations: Nevada, New Jersey, Philadelphia
After a lot of uncertainty over when, if ever, mortgage rates will fall, it's starting to look like rates may finally trend down in 2024. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 6.86% last week, according to Freddie Mac. 15-Year Fixed Mortgage RatesLast week, average 15-year mortgage rates were 6.16%, a three-basis-point increase from the previous week, according to Freddie Mac data. Once the Fed cuts rates, mortgage rates should fall even further.
Persons: it's, you'll, Freddie Mac Organizations: Federal Reserve, Zillow Locations: Chevron
New York CNN —Boeing has agreed to buy Spirit Aerosystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s badly damaged safety reputation. Boeing in March announced its intention to buy Spirit, saying recombining the companies would boost safety. Spirit AeroSystems makes major parts of several Boeing models, including the fuselages for the 737 Max. The company also makes parts for Boeing’s rival Airbus, although Boeing is Spirit’s largest customer. The first group of employees removed the door plug to address problems with rivets that were made by Spirit AeroSystems.
Persons: Spirit’s, , Dave Calhoun, AeroSystems, Max, Sprit, Spirit Aerosystems, CNN’s Chris Isidore Organizations: New, New York CNN, Boeing, Spirit, Airbus, Alaska Airways, US Justice Department Locations: New York
Heavy rains caused roads to flood, submerged cars and subways and cut power to some parts of the city. Heavy rain caused a section of roof at New Delhi’s airport to collapse on Friday, crushing one man to death, and injuring eight others. In Uttarakhand, video posted by ANI News shows vehicles swept away following heavy rain being hauled out of floodwaters. Meanwhile, seasonal monsoon rains usually start in June until September, bringing bands of heavy rains from the southwest that quench fields, nourish crops, and replenish reservoirs. Last June, nearly half a million people in northeast India were affected by severe flooding after heavy rains battered the region.
Persons: , Navdeep, didn’t, Kalyani Saha, Sunita Narain, ” Narain, Narain, Organizations: CNN, Indian Meteorological Department, News, “ Rescue, Reuters, Disaster, Management, for Science, YouTube Locations: New Delhi, Delhi, , New, Assam, Meghalaya, West Bengal, Sikkim, Bihar, Arunachal Pradesh, India, Uttar Pradesh, Capital Territory, Uttarakhand, India’s, Ladakh, Nepal, Lajpat Nagar
Read previewNew rules from Ukraine's allies about how it can use weapons they've supplied could have a strong impact on its long-awaited F-16s. That's because Ukraine now has permission to use weaponry given by its allies to hit targets on Russian soil. George Barros, a Russian military expert at the US-based Institute for the Study of War, said this will make the F-16s more effective. AdvertisementEven so, the experts said that the F-16s will make a difference for Ukraine, without being a total game changer on their own. The jets will help replenish lost aircraft, deter Russian jets, and act as air defenses.
Persons: , George Barros, I'm, Barros, Peter Layton, it's, Layton, didn't, Russian Su, YURI KADOBNOV, Michael Clarke, Mark Cancian, there's, Clarke, Tim Robinson Organizations: Service, Russia, Business, Wing Public Affairs, Griffith Asia Institute, Royal Australian Air Force, Ukraine, Republicans, Getty, Marine, Center for Strategic, International Studies, UK's Royal Aeronautical Society Locations: Ukraine, Russian, Russia, AFP, British, Denmark, Netherlands, Norway, Belgium
In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Disbursements will be in a mix of bitcoin and bitcoin cash, an early offshoot of the original cryptocurrency. Gox — short for "Magic: The Gathering Online Exchange" — was once the largest spot bitcoin exchange globally, claiming to handle around 80% of all global dollar trades for bitcoin. Gox users would likely translate to huge sales in bitcoin as investors look to lock in gains. Vijay Ayyar, head of consumer growth for Asia-Pacific at crypto exchange Gemini, said that the overall impact of the Mt.
Persons: Omer Taha Cetin, that's, Disbursements, bitcoin, Gox, , John Glover, Glover, James Butterfill, bitcoin's, Gemini, Lennix Lai, Butterfill, Bitcoin, Jacob Joseph, Joseph, Alex Thorn, Thorn, Vijay Ayyar, Gox disbursement, Ayyar Organizations: Anadolu, Getty, CNBC, bitcoin, Barclays, CoinShares, Gemini, JPMorgan, Arkham Intelligence, Analysts, U.S . Securities, Exchange, Federal Reserve Locations: Tokyo, Gox, Mt, bitcoin, Asia, Pacific
Signs of Life Appear in TV Show Purchases
  + stars: | 2024-07-01 | by ( John Koblin | ) www.nytimes.com   time to read: +1 min
It has been nearly seven months since Hollywood resolved its strikes, but momentum still hasn’t taken hold in the entertainment industry. But the global market for ordering new TV shows is beginning to show some signs of life, and it’s been overwhelmingly driven by two players — Netflix and Amazon. Netflix greenlit more scripted television projects through the first quarter of this year than in any quarter since 2022, according to Ampere Analysis, a research firm. Amazon had its most active quarter since Ampere started tracking market activity five years ago, the firm said. As a result, Netflix and Amazon collectively accounted for 53 percent of the scripted television series orders among the major studios through the first three months of the year, according to Ampere.
Persons: it’s, Ampere Organizations: Hollywood, Netflix, Ampere, Amazon
Lucy Lawless is well aware of the "long shadow" her iconic role in "Xena: Warrior Princess" has cast over her career. Her latest, the Acorn TV series "My Life is Murder," is one example of a project Lawless fought to bring to life. On why getting cast as Xena was 'a great big cosmic joke'Lucy Lawless as Xena in "Xena: Warrior Princess." I don't think that would even be particularly mark-worthy these days, would it? But "Parks and Rec" has people who don't know what "Xena" is, but they do know "Parks and Rec" or "Curb Your Enthusiasm" or something.
Persons: Lucy Lawless, Lawless, , Alexa Crowe, Xena, It's, Jay Leno, Gabrielle, she's, would've, Renee, O'Connor, I've, Ron Swanson, Diane, Tricia Helfer, D'anna, Ron Swanson's, Ron, Ruby, Bruce Campbell, Sam Raimi, They'd, Margaret Moth, YouTube You've, Joe Duran, Margaret, wasn't Organizations: Business, Acorn, Village Voice, SyFy, Recreation, Entertainment, YouTube, CNN Locations: Australia, New Zealand, Parks, America, Sarajevo
Some of the main winners of the AI boom will be stocks currently sliding under the radar. Across the road, ground has been broken on another data center. This specifically means data centers, which will be increasingly key for storing information as AI becomes more mainstream. On a single-stock basis, Digital Realty Trust — the only data center real estate investment trust listed on the New York Stock Exchange — has jumped 38% over the last year, while the Global X Data Center & Digital Infrastructure ETF has climbed 12%. Mortonson says it's difficult for software companies to build around AI.
Persons: , Ted Mortonson, Baird, we're, Goldman Sachs, hasn't, That's, Travis Miller, Miller, Mortonson, There's Organizations: Nvidia, Service, Goldman, Digital Realty Trust, New York Stock Exchange, X Data, Digital Infrastructure ETF, Bank of America, JPMorgan, Morningstar, Business, Software, Utilities Locations: US, Korea, India, Europe
Americans think they need a whole lot more money than they're making to feel comfortable, according to a new survey. The latest survey from Bankrate, which polled 2,407 US adults from May 16 to 20, looks at how much Americans think they need to make to feel financially secure. According to the survey, Gen Z respondents said a $200,000 annual salary would ensure their financial security. Millennials said they'd need $199,000, and for Gen Xers and baby boomers, their financial security targets were at $183,000 and $171,000, respectively. To be sure, it's not all bad for Gen Z. TransUnion's latest Consumer Pulse Study found that Gen Z is "the most stable of any generation" in this year's second quarter, with 45% of them reporting wage increases over the past three months.
Persons: Gen, Millennials, Gen Xers, Gen Zers, Sarah Foster, Z, Zers, Michele Raneri, it's, They're, Charlie Wise, that's, Zer Organizations: Service, Business, Survey, Consumer Finances, Washington Post, Bureau of Labor Statistics, BI, Millennials, TransUnion Locations: Bankrate
New York CNN —Trying to get a table at a buzzy new restaurant in New York or Los Angeles? American Express already owns Resy, a rival restaurant booking app, and gives special table access to Amex customers that are not available to other customers. But experts say that Amex’s acquisition gives the credit card company more control over velvet rope access to dinner — and who is shut out. It may help restaurants attract Amex customers with deeper wallets, said Alex Susskind, a professor of food and beverage management at Cornell University. Restaurant owners and merchants have also complained about the fees credit card companies charge businesses, and it could open a new door for fees.
Persons: you’re, Rajesh Bhardwaj, Amex, , ’ “, ” Joseph Nunes, Alex Susskind, Organizations: New, New York CNN, American Express, American, Delta SkyMiles Reserve, University of Southern, Cornell University Locations: New York, Los Angeles, New York City, United States, Resy, University of Southern California
Jason Kelce says he wants to lose weight in order to play with his kids and be a better dad. The former Philadelphia Eagles center told GQ he lost "almost 20 pounds" since retiring from the NFL in March. Kelce said his back and knees "feel better" since he shed the weight and he has plans to lose another 20 pounds. Kelce said he's "almost 20 pounds down right now" since retiring from the NFL in March and aims to lose another 20. "So another 20 pounds hopefully will make that much more adept at playing with my children."
Persons: Jason Kelce, GQ, Kelce, Organizations: Philadelphia Eagles, NFL, Service, GQ, Business
“Diet soft drinks were the key contributor to ultraprocessed food consumption. The NOVA classification system sorts foods from minimally processed — whole foods such as fruits and vegetables — to processed foods such as deli meat and sausage — to ultraprocessed. The study found that people who consumed the most ultraprocessed food were younger and heavier, and had an overall poorer quality of diet than those who ate fewer ultraprocessed foods. “If anything, we are probably underestimating ultraprocessed food consumption in our study because we’re being very conservative,” Loftfield said. “However, all categories of ultraprocessed food were associated with increased risk.”Choosing more minimally processed foods is a one way to limit ultraprocessed foods in one’s diet, Loftfield said.
Persons: Erikka Loftfield, ” Loftfield, , Carlos Monteiro, Brazil’s University of São Paulo, Monteiro, Loftfield, Rosie Green, Anastasiia, Green, , Mingyang, Harvard University’s Organizations: CNN, National Cancer Institute, , Brazil’s University of São, NOVA, Food and Agriculture Organization, United Nations, American Society for Nutrition, US National Institutes of Health, AARP Diet, Health, London School of Hygiene, Tropical Medicine, Harvard, Harvard University’s TH Chan, of Public Health Locations: Bethesda , Maryland, Chicago
CNN —Hurricane Beryl, a powerful Category 3 storm, is expected to slam into the Caribbean on Monday, endangering several island communities with life-threatening storm surge, violent winds and flash flooding. Beryl’s arrival marks an exceptionally early – and likely devastating – start to the Atlantic hurricane season. • Widespread tropical storm advisories: Tropical storm warnings are in effect for Martinique and Trinidad, the National Hurricane Center said. Less severe tropical storm watches are also in place in parts of the Dominican Republic and the southern coast of Haiti. The storm’s rapid intensification is very atypical this early into hurricane season, according to National Hurricane Center Director Mike Brennan.
Persons: Vincent, Beryl, Ivan, Ralph Gonsalves, , Mia Amor Mottley, Hurricane, Chandan Khanna, Ramona Archer, Bradshaw, , General Cecile La, Saint Lucia, Grenada’s Maurice, Lucia’s, George Charles, Chris –, Mike Brennan, Alma, Hurricane Audrey, “ Beryl, ” Brennan, Phil Klotzbach, CNN’s Michael Rios, Marlon Sorto, Sandi Sidhu, Melissa Alonso, Isaac Yee, Brandon Miller Organizations: CNN, Atlantic, Islanders, Local, , National Hurricane Center ., Hurrican Center, Barbados, ” Workers, Getty, CBC News, Grenadian, Grenada’s Maurice Bishop International, Grantley Adams International, Lucia’s Hewanorra, George, National Hurricane Center, , National Hurricane, NOAA, Systems, Colorado State University, Weather Service Locations: Caribbean, Grenada, St, Grenadines, Windward, Saint Vincent, Barbados, Windward Islands, Bridgetown, Lucia, Tobago, , Saint, Martinique, Trinidad, Dominican Republic, Haiti, Gulf of Mexico, Lesser, Atlantic, El
CNN —Steve Bannon, a former Donald Trump White House strategist, is set to report to a federal prison in Danbury, Connecticut, on Monday to begin a four-month sentence for defying a congressional subpoena. ‘More powerful in prison’The MAGA media firebrand was keeping a busy schedule in the days before his prison sentence. “I’m going to be more powerful in prison than I am now,” Bannon said last week. Those in custody at Danbury can send emails without attachments, but they pass through a monitored system, on a delay. For now, though, Bannon is poised to go through an intake process on Monday that’s familiar to inmates at Danbury.
Persons: Steve Bannon, Donald Trump, Bannon, Peter Navarro, Trump’s, podcaster, Trump, firebrand, “ I’m, ” Bannon, — unbothered, I’m, ’ ” Bannon, , , he’ll, He’ll Organizations: CNN, House, Trump, Justice Department, Federal Bureau of Prisons, Trump White House Locations: Danbury , Connecticut, Washington ,, Danbury, He’ll, acclimate
Unlike the more popular fixed-rate mortgage loans, ARMs can offer temporary relief for homebuyers who want to avoid paying higher mortgage rates — however, they also come with risk. That means when mortgage rates increase, many ARM loan holders, like Hernandez, experience the unpleasant shock of significantly higher monthly home payments. Mortgage rates have remained elevated, adding fuel to one of the most unaffordable housing markets in decades. To Hernandez, it made little sense to refinance the loan while the 30-year fixed mortgage rate remains higher than her new adjusted rate. Marquis said that taking out an ARM loan might be worthwhile for those with a higher risk appetite.
Persons: Jennifer Hernandez, Houston, Hernandez refinanced, homebuyers, ­, Hernandez, Lorriane Jones, , blindsided, , I’ve, “ I’ve, ” Andrew Marquis, ” Marquis, Marquis, hasn’t, “ I’m Organizations: CNN, ARM, Intercontinental Exchange, ICE, Mortgage, Association, Federal Reserve Locations: Southern California, Lexington , Massachusetts
And, of course, when choosing someone to be with my kids, I'd rather them be with my mom. She's great with my kids, but we have different rulesMy mom has always taken great care of the boys, but we have very different personalities, which means we parent differently. Our homes also have different rules. AdvertisementTreating the kids differently can be confusing for everyoneAs you can imagine, this has led to some confusion — for the kids, yes, but for my mom, too. Ultimately, she said what she did because she believes in a different set of rules.
Persons: I'm, it's Organizations: Service, Business
How I went from MBA to CEO in just seven years
  + stars: | 2024-07-01 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +8 min
Now, seven years after graduating from business school, I'm the CEO of accounting platform Ascend Together, which is growing by the day. It took lots of long hours and self-reflection, plus the help of private-equity firm Alpine Investors' CEO-in-training program. Here's my story of how I went from MBA to CEO. Alpine CITs Alpine InvestorsI have to give them credit for their imagination, because they placed me in the role anyways. Alpine's CEO and founder Graham Weaver Alpine InvestorsI attribute this so much to Graham Weaver, Alpine's founder and CEO.
Persons: , David Wurtzbacher, you'll, CITs, We're, That's, Graham Weaver, Graham Organizations: Service, Business, Alpine Investors, JPMorgan Chase, JPMorgan, Harvard, Alpine's CIT, Lightwave, Carolinas, CIT, Alpine, Technology, CPA Locations: Harvard, Alpine, San Francisco, Virginia, Lightwave
But these days, we're seeing parents bestow names typically given to girls on their sons. Parents who choose these names think it's better to grow into an adult-sounding name than outgrow a baby-ish name. Names that end in "ai" are easily pronounced in many languages, including indigenous languages, European languages, Japanese, and African languages. But now we're seeing parents embrace that names can be girly but still strong. We're seeing a rise in long, elaborate names but also in shorter, cutesy names for girls.
Persons: , Sophie Kihm, Leslie, Ashley, Dana, John Legend, Chrissy Teigen, Wren, Rihanna, Rose, Willow Harlow Cleo June Juniper Jade Robin, Marjorie, Taylor, Martha Georgine Florence Dolores, Lionel Arthur Duncan Cedric Harold Ray, Kai, Jakai Zakai Adlai Lorelai Mordecai Ozai Azakai, Flora Talia Phoebe Petra Asha, Killian Harris Magnus Harvey Orson Archie, Collins Lennon Joanie Marceline, Zeppelin Guthrie Elton Jiraiya Cassian Anakin Chozen, Kepler Darwin, Kepler Darwin Edison Cosmo, Winslow Dorthea, Guinevere Lulu Pippa Honey Organizations: Service, Business, Martha Georgine Florence Dolores Popular, Ivy League, Nova, Kepler Darwin Edison Locations: Nameberry
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