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Kostin expects the S&P 500 equal-weighted index and mid-cap stocks to gain from a broadening market. Today, the 10 largest stocks in the S&P 500 make up 36% of the entire index by market capitalization. Related storiesThis gap between the top S&P 500 performers and the rest of the index hasn't occurred since the dot-com bubble. "The evidence is strongly in support of the fact that growth rates for high revenue growth companies tend to fade," he added. For that reason, Kostin is expecting the S&P 500 equal-weight SPW index to outperform the market-cap-weighted S&P 500.
Persons: David Kostin, Kostin, , Goldman Sachs, Kostin isn't, that's, he's Organizations: Service, Big Tech, Intel, Microsoft, Cisco
The agency granted a similar waiver for Amazon's Prime Air program in May, though that was limited to flights in College Station, Texas, one of the cities where it has been conducting tests. Alongside the FAA approval, Matt McCardle, head of regulatory affairs for Prime Air, said the company is starting to make drone deliveries Tuesday near Phoenix, Arizona. Prime Air encountered regulatory hurdles, missed deadlines and had layoffs last year, coinciding with widespread cost-cutting efforts by CEO Andy Jassy. In response, Amazon executives told residents the company would identify a new drone delivery launch site by October 2025. WATCH: How Amazon's drone delivery program stacks up to competitors
Persons: Matt McCardle, Amazon, Jeff Bezos, Andy Jassy, David Carbon, It's Organizations: Amazon, Federal Aviation, Amazon's Prime Air, College Station ,, Prime Air, Air, FAA, Boeing, CNBC, Wing, Google, Walmart Locations: College Station, College Station , Texas, Phoenix , Arizona, Tolleson, Phoenix, Lockeford , California, College
Striking Boeing workers voted in favor of a 38% pay rise. The latest big victory for US labor unions could inspire others despite the tense process. AdvertisementThe machinists' victory is the latest to highlight the power of labor unions in the US. It has been a tense road for the roughly 33,000 unionized Boeing workers who began their strike on September 13. That may only grow more common as workers find inspiration from others' victories, something noted by the president of the Boeing union.
Persons: we've, Joe Biden, , Gary R, Allen, Julie Su, Brian Bryant Organizations: Boeing, Service, International Association of Machinists, Aerospace Workers, IAM Union, IAM, Territory, machinists, Teamsters, United Auto Workers, National Labor Relations Board, US Locations: Seattle, United States
For our final Times Opinion focus group of the 2024 election, we spoke with late-deciding voters — Americans who were seesawing between Kamala Harris and Donald Trump recently and making up their minds at the last minute. All of our 15 late deciders were from swing states like Pennsylvania and Michigan, and many of them voted for Mr. Trump in 2016 and for Joe Biden in 2020. No surprise, most of them had concerns and hang-ups about both of the candidates, but it quickly became clear that Mr. Trump, in particular, was doing himself no favors with these voters. As for Ms. Harris, most of these voters thought she would be "more of the same" as president, rather than a leader who pursues changes, and saw her as less authentic than Mr. Trump.. But in the end, years of misgivings and doubts about Mr. Trump outweighed the uncertainty about Ms. Harris with several participants, and more of them saw her winning than Mr. Trump.
Persons: Kamala Harris, Donald Trump, Harris, Trump, Joe Biden, Hillary Clinton, Barack Obama Organizations: Trump, Mr Locations: Pennsylvania, Michigan, Madison
He noted that in many of the videos being called out by Torres, Piker was criticizing the Israeli government, not Jewish people. Still, the letter marks one of the more high-profile callouts of the popular streaming platform over content regulations related to the Israel-Hamas war. The criticism of Piker came the same month Twitch was accused of disabling sign-ups for the platform from some users in Israel and the Palestinian territories. “It’s actually one of the most stringently applied TOS systems on any platform,” Piker said. The views shared by streamers on Twitch are not the views of Twitch nor are they my personal views."
Persons: Ritchie Torres, Hasan Piker, Benjamin Netanyahu, Piker, Torres, Twitch, , Sen, Bernie Sanders, Alexandria Ocasio, Tim Walz —, Torres —, , Dan Clancy, ” Clancy, “ They’re, ” Piker, he’s, he’s “, Cenk Uygar, Palestine ”, , , Sabra, hummus, ” CapriSunnPapi, Raffoulticket, DenimsTV, Jake Steinberg, hasan, Ethan Klein, “ I’ve, ” Klein, ” Fr0gan, raff, sabra hummus, ” Frogan, Zack “ Asmongold ” Hoyt, ” Hoyt, “ It’s, I’m, America —, Clancy Organizations: Hamas, NBC News, Minnesota Gov, NBC, Turkish, Turks, , YouTube, Defamation League, ADL, U.S . Department of State Locations: Israel, Alexandria, Cortez, Gaza, American, Palestinian, Palestine, San Diego, TikTok, America
Members of the Proud Boys rally against vaccination mandates in New York City on Nov. 20, 2021. The Proud Boys of Columbus recently posted a claim that they had enrolled members as poll watchers and poll workers. But Proud Boys members are clearly active. The Proud Boys chapters are decentralized, but they've spent the time since Jan. 6 wedging themselves into other right-wing issues. The Proud Boys messages were sent over Telegram, which has become the preferred platform of far-right groups, where they can spread their content freely.
Persons: Donald Trump, Trump, , Donald Trump’s, Enrique Tarrio, Stephanie Keith, Marjorie Taylor Greene, they've, Stewart Rhodes, Rhodes, , Mitt Romney's, Tucker Carlson, Liz Cheney wouldn’t, Organizations: PHILADELPHIA, U.S, Capitol, Trump, Proud, Advance Democracy, NBC News, Columbus, NBC, U.S . Capitol, Trump —, Fox News Locations: , New York City, Ohio, American
After leaving the workforce during the pandemic because she couldn’t find affordable child care, Longenecker said her family has been economizing. But her husband recently got a new job that pays more per hour and with lower health care costs. Her husband’s side gig has been “flourishing,” giving them steady monthly income and a glimpse of a future beyond waiting tables. Her monthly retirement income of around $7,600 is comfortable, but homeowners insurance, utilities and long-term care costs are weighing on her. Keys said Harris has put forth clearer economic policies, like her plan to offer first-time homebuyers $25,000 in downpayment assistance.
Persons: Kamala Harris, Donald Trump, Harris, Stefanie Longenecker, Longenecker, she’s, I’m, they’re, , ” Longenecker, Stefany Serna, He’s, “ We’ve, ” Serna, Serna, , Serna isn’t, Lucy Haverfield, ” Haverfield, Hurricane Milton, Helene, Milton, Trump, “ I’m, Nancy Breland, hasn’t, Breland, “ I’ve, Otis Keys, ” Keys, Keys, Becky Melvin, Trump’s “, multibillionaire Tesla, Elon Musk, , Melvin Organizations: NBC, Biden, Pa ., Trump, YouTube, ” Times, Social, Social Security, UPS, Teamsters Locations: Palmyra, Pa, Palmyra , Pennsylvania, China, Coral Gables , Florida, Alva , Florida, Hurricane, Florida, Alva, Fla, Canada, Georgia, Dallas, Jacksonville, America, Jacksonville , Florida
data center, in Navi Mumbai, India, on Thursday, Mar. Some of the options on the table include a pivot to nuclear, liquid cooling for data centers and quantum computing. A server room at a data center in India. Alongside nuclear energy and liquid cooling technology, some tech players have suggested developments within AI could help to decarbonize data centers. Aerial view of a data center owned by the US multinational and technology company Google in Santiago on October 9, 2024.
Persons: Somya Joshi, Frisio, Dhiraj Singh, Raj Hazra, Peter Herweck, Eric Schmidt, SEI's Joshi, Joshi, Hazra, Rodrigo Arangua Organizations: Yotta Data Services, Bloomberg, Getty, Big Tech, Stockholm Environment Institute, SEI, CNBC, International Energy Agency, Swiss, ABB, Microsoft, Google, Schneider Electric, Motivair Corp, Quantinuum, Afp, Honeywell Locations: Navi Mumbai, India, Mar, Stockholm, U.S, Santiago, South America, Quantinuum
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . At first, I wasn't sure what I even like doing now or who I am when I'm not a parent. My productivity had already increased due to years of balancing life as a single mom, but now, with fewer distractions, I'm scheduling marketing content six weeks ahead. On my first free week, I remember sitting at home waiting for something to happen. A taste of my old life was hard to recover fromFor the third week, I went back to Madrid to visit friends.
Persons: Nicola Prentis, She's, , I'm, I've, it's, who's Organizations: Service Locations: Madrid, Girona, Catalunya
Snapchat says it averages 850 million monthly users. Meanwhile, Twitter's current owner, Elon Musk, says his service has 600 million monthly users. Back in April, Meta said Threads had 150 million monthly users. Some of them click on Threads posts they see there, and become Threads users that way. Threads doesn't seem like it's ever going to be that, and Meta doesn't seem very interested in trying to make that.
Persons: , Mark Zuckerberg, Snapchat, Twitter, Elon Musk, Meta, It's, You'll, Katie Notopoulos, Adam Mosseri's Organizations: Service, Twitter, US Securities and Exchange Commission, Meta Locations: Japan, Taiwan, Instagram
Ukraine's drone units are operating more like scrappy startups than traditional military units. AdvertisementSome of Ukraine's drone units are operating more like edgy tech start-ups than military units, as they continue to play an oversized role in the country's military defenses. According to a report by The Wall Street Journal, drone pilots are now the deadliest soldiers on the modern battlefield. The Journal met with Clear Eyes, a drone battalion that started out as unpaid civilian enthusiasts relying on commercial drones to track Russian military movements. Dakhno is now a drone pilot who claims to have killed about 300 Russian soldiers in a year and a half, and to have once flown a drone with a 9-pound bomb into a school auditorium where Russian soldiers were sheltering.
Persons: , Heorhiy Volkov, Volkov, Oleksandr Dakhno, Volodymyr Zelenskyy Organizations: Street Journal, Service, Wall Street Journal, The, Clear Locations: Ukraine, Russia, Crimea
How to talk like a banker
  + stars: | 2024-11-03 | by ( Emmalyse Brownstein | ) www.businessinsider.com   time to read: +9 min
A manager might leave a comment on a page telling the junior banker to "kill this," which just means delete it. A manager might also instruct the junior banker to "take another stab" at it, which means doing the presentation over again and sending it back by email. In stock market talk, "trading with the Street" usually means someone is trading along the lines of majority opinion. It's so much a part of the culture that the term is also used by higher-ups to describe their junior bankers professionally. Each time a banker makes changes to client materials pre-meeting — like a deck — it's standard practice for every round of edits or changes to be saved as a new file.
Persons: , That's, Momo Takahashi, Morgan Stanley's Ted Pick, it's, drudge, Jane Organizations: Service
Goldman Sachs and JPMorgan predict relatively muted S&P 500 returns over the next decade. AdvertisementMuch has been said about the gloomy outlook for the S&P 500 that some of Wall Street's largest investment banks conveyed in recent weeks. Goldman Sachs said in October that the S&P 500 would return 3% annually, on average, over the next 10 years, underperforming current 10-year Treasury yields. Goldman Sachs"There is little argument that U.S. stock market valuations are elevated compared to historical averages. Investors appeared to do that, with the S&P 500 rising 0.4% on Friday to 5,728, 2.3% below all-time highs.
Persons: Goldman Sachs, Lance Roberts, Roberts, , It's, Goldman, Sam Kuhn Organizations: JPMorgan, RIA, Service, Bank of America, RIA Advisors, Bureau of Labor Statistics Locations: Wall
AdvertisementOne of the US Navy's best ballistic missile interceptors, the Standard Missile-3, got a workout in the Middle East this year, eliminating Iranian missiles headed for Israel. That's a high cost per intercept, especially if more than one interceptor is fired for each target. An SM-3 Block 1B interceptor missile is launched from the guided-missile cruiser USS Lake Erie during a test in the Pacific. It was then fired a second time during Iran's massive early October barrage, during which Tehran launched more than 180 ballistic missiles at Israel. The industry process, coupled with the exquisite capability of the missile to intercept ballistic missiles, raises the cost of the interceptor.
Persons: , Archer Macy, you've, Tom Karako, Navy Carlos Del Toro, Del Toro, RTX, Cmdr, Jason Tross, Bryan Clark, Karako, Macy Organizations: US, Service, Iranian, Congress, Navy, Pacific . US Navy, Missile Defense, Center for Strategic, International Studies, Mitsubishi Heavy Industries, Combat, US Naval Forces Europe, Hudson Institute, Getty, Business, Analysts, China's Rocket Force, SM, US Navy, Studies ' Missile Defense Locations: China, Israel, Lake Erie, Pacific, Tehran, Iranian, Iran
Ulta Beauty’s Early Black Friday Sale runs through November 23rd and you can get up to 40% off certain products. From now until November 3, skin care is on sale. Early Black Friday deals to shop now:The best early Black Friday Ulta deals“This is one of my go-to cleansers,” says NBC Select editor Lindsay Schneider, who received it from the brand. Why trust NBC Select? Bethany Heitman is a contributor at NBC Select and a journalist who regularly covers beauty, home and lifestyle.
Persons: Mario Badescu, Ulta Beauty’s, , Lindsay Schneider, Christina Colizza, Bianca Alvarez, “ I’ve, Ella Morrissey, , Zoe Malin, There’s, Bethany Heitman, TikTok Organizations: NBC, Facebook, Twitter Locations: pimples
Two starkly different House candidates, in separate races, personify the intensifying ideological partitioning occurring within the once strongly Democratic constituency of Latino voters, whose numbers are growing. Their highly competitive races, along with a few other California congressional races, have pushed Latino voters to the front lines of the bitter fight for control of the House. “We have centered on Latino voters in our campaign,” said Whitesides, whose wife is of Cuban and Salvadoran heritage. In the same poll, 52% of Latino voters in District 27 said they support Whitesides, compared to 24% for Garcia and 24% completely undecided. In the last presidential election, Latino turnout was very high, and now it “actually is approaching the turnout rate for non-Latinos,” Vargas said.
Persons: Rudy Salas, Mike Garcia, Salas, David Valadao, Garcia, Democrat George Whitesides, , Arturo Vargas, , wasn’t, he’d, ” Salas, , aren’t, Valadao’s, Donald Trump, Valadao, Irfan Khan, Luis Alvarado, ” Alvarado, ” Garcia, he’s, Joe Biden, Whitesides, ” Whitesides, George Whitesides, Susan Montoya Bryan, Kamala Harris, Biden, Harris, Julián Castro, ” Vargas, Harris — Organizations: Democratic, California’s Central Valley ., House, Republicans, Five, GOP, Democrat, NASA, National Association of Latino, Central, , Representatives, Capitol, Los Angeles Times, Getty, Democrats, Republican, Congress, California Republican, Center, Politics, University of Virginia, Los Angeles In, Naval Academy, Navy, Trump, Virgin Galactic, NBC, Latino Community Foundation, Valadao, BSP Research Locations: California’s Central Valley, Los Angeles, California, Five California, Valley, Central Valley, Azores, Hansford, Calif, Los Angeles In California’s, Mexico, Black, Cuban, Salvadoran, homeownership, Upham, N.M
Multiple outlets reported, citing unnamed sources, that a "Game of Thrones" movie is in the works. Warner Bros. Martin first suggested a "Game of Thrones" movie to tie up the franchise in a 2014 interview with The Hollywood Reporter. They grossed $1.8 million at the box office, according to Box Office Mojo. Warner Bros. PicturesA "Harry Potter" TV series reboot was announced last year after the box office failure of the "Fantastic Beasts" spin-off series.
Persons: , aren't, George R.R, Martin, David Benioff, Weiss, Arya Stark, Maisie Williams, Bran Stark, Isaac Hempstead Wright, Sansa Stark, Sophie Turner, HBO Matthias Frey, Shawn Robbins, Robbins, Max, Frey, David Zaslav, Harry Potter, Denis Villeneuve's, Matt Reeves, " Frey Organizations: HBO, Warner Bros, Service, Hollywood, Discovery, Business, Wall Street, Department of Media, Creative Industries, City , University of London, Thrones, Office, Warner Bros ., HBO Warner Bros, Variety
Wall Street analysts think Amazon is only at the beginning of a new era of growth. Here's what analysts at some of the biggest shops on Wall Street are saying about Amazon's latest earnings report. His $250 per share price target implies more than 34% upside from Thursday's close. "Another margin upside surprise supports our retail margin efficiency upside thesis, while AWS is still in the early innings of a big AI cycle and is investing accordingly," Post said. The analyst also increased his 2025 full-year earnings per share forecast by roughly 4%.
Persons: Doug Anmuth, Anmuth, Justin Post, Lee Horowitz, " Horowitz, Ronald Josey's, Josey Organizations: Web Services, JPMorgan, Bank of America, Deutsche Bank, Citi
Alphabet executives, donning Halloween costumes, faced questions from concerned employees at an all-hands meeting on Wednesday, following comments on the company's earnings call suggesting that more cost cuts are coming. "There is a reality to it," said Brian Ong, vice president of Google recruiting, according to a recording of the meeting reviewed by CNBC. Ashkenazi said one of her key priorities in the new role would be to make more cuts as Google expands its spending on artificial intelligence infrastructure in 2025. Google has been restructuring its workforce to move more quickly in the AI arms race, where it faces increased competition. Within Google, employees have expressed concern that the company is preparing for more layoffs, possibly after the end of the year, according to internal correspondence viewed by CNBC.
Persons: Brian Ong, Ong, Anat Ashkenazi, Ruth Porat, Jeff Dean, Ashkenazi, Reggie Miller, Sundar Pichai, That's Organizations: Google, CNBC, Indiana Pacers, Amazon Locations: Silicon Valley
The most hotly anticipated costume of the spooky season is here — and the “Queen of Halloween” didn’t disappoint. Continuing her tradition of wearing wildly elaborate outfits to her own star-studded annual bash, Klum arrived at this year’s party dressed as E.T. Heidi Klum (right) arrived with husband Tom Kaulitz (left), who also wore an E.T. Guests take selfies with Heidi Klum in costume during the party. Klum’s costume may have won the award for most elaborate, but she wasn’t this year’s only celebrity extraterrestrial.
Persons: Heidi Klum, Klum, Tom Kaulitz, Drew Barrymore’s, Steven Spielberg’s, Spielberg, Mike Coppola, Mike Marino, Marino, , , ” Klum, Mike, Haley Kalil, Tim Burton's, Zach Justice, contortionist Sofie Dossi, Princess Fiona, Questlove, Tim Burton’s, Bethenny Frankel, Bryan Bedder, Sanders, meanwhile, Janelle Monae, Jennifer Hudson Organizations: CNN, New York Times, Amazon, Hollywood, Housewives, New Locations: E.T
Peloton announced that Ford executive Peter Stern will join the company as its new CEO. The fitness company is betting Stern can help turn things around. He's expected to focus on trimming spending and retaining current Peloton subscribers. Peloton announced in May 2024 that CEO Barry McCarthy would be stepping down. McCarthy's departure came as the fitness company announced it was cutting around 15% of its workforce.
Persons: Peter Stern, Stern, , Simeon Siegel, Neil Saunders, Saunders, Siegel, Scott Markman, Barry McCarthy, Everest Organizations: Ford, Service, Capital Markets, GlobalData, Apple
Boeing union workers have been on strike for nearly 7 weeks due to a dispute on wage increases. The planemaker proposed a new deal that includes a 38% pay increase over 4 years, the union said. Union leaders said it is recommending workers to approve the deal on Monday. AdvertisementBoeing union leaders are endorsing a sweetened contract offered by the airplane maker, signaling an end to a nearly seven-week strike that put a halt to the company's manufacturing operations. The union said it is endorsing the contract and recommends that its members approve the deal during Monday's vote.
Persons: , Jay Timmons Organizations: Union, Service, Boeing, International Association of Machinists & Aerospace Workers, Workers, IAM, National Association of Manufacturers, Bank of America, Puget Locations: Pacific, America, United States
Never before had a team rallied to win the World Series after losing the first three games. These Yankees made history, but not the way they wanted – they are the only team to blow a five-run lead while facing elimination from the World Series. Then came something that’s always trouble: a little roller along first by a guy named Mookie in a World Series game in New York. AdvertisementIt was only the seventh game in World Series history in which a team lost after leading by five or more runs. And that no team in 54 years had won even once after losing the first three games of a World Series.
Persons: Aaron Boone, , Tommy Kahnle, , Gerrit Cole, Aaron Judge, Anthony Volpe, Cole, that’s, Mookie Wilson’s dribbler, Bill Buckner, We’ll, Buckner, Bob Stanley, Wilson, – Betts, I’ve, Garry Maddox, Judge, Freddie Freeman, hadn’t, Judge couldn’t, Will Smith, Volpe, Jazz Chisholm, Freeman, ” Freeman, Kiké, ” Cole, Anthony Rizzo, ” Rizzo, Balls, You’ve, Betts, Chisholm, Rizzo, Mickey Owen’s, Fred Snodgrass ’, Don Denkinger’s, Mariano Rivera’s, Wally Skalij Organizations: York Yankees, Yankees, Los Angeles Dodgers, Dodgers, Mets, Boston Red Sox, Philadelphia Phillies, Jazz, Brooklyn Dodgers, Los Angeles Times, Getty Locations: New York, Los Angeles
The anti-aging market is littered with innovative products and procedures that promise consumers a healthier, happier, longer life. But prolonging your life isn't only about physical fitness: a near 90-year-long study from Harvard University found that those who live happier, longer lives have good relationships. If you want to live longer and feel more fulfilled you probably don't need lasers or freezers. 30 essential tips for living a longer, happier, more successful life1. If you can't drive, don't live somewhere where the doctor is a 30-minute car ride away.
Persons: superagers, dieticians, Warren, Buffets, Valter Longo, David Watson, Warren Buffet, Neil Paulvin, Danielle Miura, Mark La Spisa, García, Francesc Miralles, Charlie, Munger, Warren Buffett, it's, Thema Bryant Organizations: Harvard University, Italy —, Cancer Laboratory, IFOM, of Oncology, University of Notre Dame, GameStop Locations: New York City, Blue, Okinawa, Japan, Sardinia, Italy
Don't let the after-hours stock action fool you, Meta Platforms delivered one heck of a strong third quarter and a current quarter revenue guide above expectations. Ok, now that the "bad" is out of the way, let's look at what investors should really be focused on as they consider what to do with Meta stock. Meta Platforms Why we own it : We value Meta Platforms for its targeted advertising dominance. Notably, Meta AI, the company's version of a ChatGPT-type generative artificial intelligence search/answer engine, now has over 500 million monthly active users. Looking ahead to 2025, the team noted on the release, "We continue to expect significant capital expenditures growth in 2025.
Persons: biggie, that's, China's ByteDance, Mark Zuckerberg, Jensen Huang, Zuckerberg, we're, Meta, it's, haven't, Jim Cramer's, Jim Cramer, Jim, Andrej Sokolow Organizations: LSEG, Meta, People, Management, China's, Reality Labs, Nvidia, ., Facebook, CNBC, Getty Locations: Ray, capex
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