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Bank of America says the recent stock market sell-off is unlikely to be the start of a new bear market. AdvertisementThe stock market's recent sharp sell-off is unlikely to transform into a full-fledged bear market, according to Bank of America. But according to Bank of America strategist Savita Subramanian, the tell-tale signs of a stock market peak have yet to materialize. AdvertisementFor perspective, Subramanian pointed to stock market history to highlight that pullbacks in the market are common. Instead of preparing for a prolonged market sell-off, Subramanian recommends investors go bargain hunting and focus on buying high quality stocks.
Persons: BofA, , Savita Subramanian, Subramanian Organizations: of America, Credit, Service, Bank of America, Nasdaq, Conference, Senior
Tim Walz of Minnesota as her running mate, Sen. JD Vance of Ohio hit his new opponent as a "San Francisco-style liberal." "She has governed as a San Francisco liberal, and she's chosen a running mate who will be a San Francisco-style liberal." "Last week was my first time in San Francisco," Walz said on an episode of "The Ezra Klein Show" released on August 2. A few Saturdays ago, my wife and I spent the morning volunteering at a community garden in our San Francisco neighborhood. "I don't even know if we're actually going to get Tim Walz out of this campaign."
Persons: Kamala Harris, Tim Walz, Sen, JD Vance, Ohio, , she's, Harris, Walz, " Walz, Ezra Klein, Vance, Donald Trump, George Floyd, Joe Biden's, we're, Josh Shapiro Organizations: Service, San, Business, San Francisco, Trump, United, United States Government, Gov, Pennsylvania Locations: Minnesota, San Francisco, Philadelphia, Bay, Presidio, San Francisco neighborhood, Ohio, United States, Minneapolis, Francisco
Right out of the gate comes Tim Saler, a data consultant for Mr. Trump’s campaign, who takes issue with the latest CBS News/YouGov poll showing Ms. Harris ahead of Mr. Trump by one point nationally and running very close to Mr. Trump in the key battleground states. Without this manipulation, President Trump would be maintaining a 51-49 lead in their Aug. 4 survey. As a result, we adjust our data to align with known benchmarks, a process known as weighting. Weighting a survey by factors like age and race is quite standard and is a basic matter of good research practice. Pollsters have robust and friendly debates over the best ways to keep a poll from over- or under-sampling people of a certain party.
Persons: Kamala Harris, Donald Trump, Tim Saler, Trump’s, Harris, Trump, Vance, Saler, let’s, , Brian Hughes Organizations: CBS, Trump, New York Times, Siena College
Read previewThis as-told-to essay is based on a conversation with Amanda Mrokez, an American student in Cologne, Germany. In 2021, I withdrew from Central Michigan University and moved to Germany to pursue a teaching degree at the University of Cologne. AdvertisementGermany is lacking school cultureParticipating in school culture was a big thing for me when I was in Michigan. My closet was full of Central Michigan University apparel, and everyone thought it was cool to wear hats and sweatshirts on campus. In Germany, students learn what they must study and what's best for them.
Persons: , Amanda Mrokez, it's, Erin, eliam@businessinsider.com Organizations: Service, Central Michigan University, University of Cologne, Business Locations: American, Cologne, Germany, Michigan
Most people undergo a knee replacement due to osteoarthritis in the joint, which can cause pain, swelling and less knee mobility. “We’ve always had this idea that muscle mass matters and helps protect joints,” said Miller, who was not involved with the study. The data that van Meurs and her colleagues studied came from people with an average body mass index of 26. “Before engaging in a lot of weight-bearing activity, do some training in the gym to strengthen your leg muscles,” van Meurs said. And if you’re going to take up a weight-bearing activity such as running, start slowly.
Persons: , Joyce van Meurs, ” van Meurs, , Oleg Breslavtsev, Kathryn Miller, “ We’ve, Miller, van Meurs, Meurs, ” Miller, “ It’s, you’ll, Melanie Radzicki McManus Organizations: CNN, Therapeutic Medicine, JAMA, Erasmus Medical Center, Getty, University of Wisconsin School of Medicine, Public Health, BMI, CNN’s Locations: United States, Netherlands, Rotterdam , Netherlands, Madison,
Tim Walz of Minnesota emerged victorious and beat out a slate of candidates. In his post, Shapiro called Walz a "good friend" and "an exceptionally strong addition to the ticket." "It was an honor to be considered in this process, but Walz is a great friend and a great choice. JB Pritzker also praised Walz' Midwestern roots and called the fellow governor a "friend" in his statement, which he posted alongside a photo of the two men. "Governor Tim Walz is a proven leader who brings to public service the big heart and hard work of a Midwesterner," Pritzker wrote on X.
Persons: , Kamala Harris, Tim Walz, Walz, Josh Shapiro, Harris, Shapiro, Sen, Mark Kelly of Arizona, isn't, — Kelly, Gabby Giffords, Andy Beshear, Transportation Pete Buttigieg, Buttigieg, JB Pritzker, Pritzker, Gretchen Whitmer, Roy Cooper of Organizations: Service, Gov, Minnesota, Business, Pennsylvania, Transportation, Democratic, Midwestern Locations: Pennsylvania, Philadelphia, Kentucky, United States, Michigan, Roy Cooper of North Carolina
Silicon Valley's billionaire CEOs faced losses in Monday's stock market downturn. The Nasdaq 100 fell 3.4%, the Dow Jones fell over 1,000 points, and the S&P 500 fell 3% as of market close. 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 . AdvertisementSilicon Valley's billionaire founders and executives saw their net worths take a hit with Monday's stock market downturn.
Persons: Dow Jones, Jeff Bezos, Larry Ellison, Organizations: Nasdaq, Service, Tech, Nvidia, Apple, Microsoft, Business
Mortgage rates have been trending down in recent days in response to weaker-than-expected labor market data and concerns of a possible economic downturn. 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 6.73% last week, according to Freddie Mac. 15-Year Fixed Mortgage RatesLast week, average 15-year mortgage rates were 5.99%, an eight-basis-point decrease from the previous week, according to Freddie Mac data. Once the Fed cuts rates, mortgage rates should fall even further.
Persons: homebuyers, you'll, Freddie Mac, it's Organizations: Zillow, Federal Reserve Locations: Chevron
UNESCO's World Heritage Committee named a site in the Gaza Strip — Saint Hilarion Monastery, or Tell Umm Amer — to both its "World Heritage" and "World Heritage In Danger" lists in late July. The decision, made during the 46th session of the World Heritage Committee held in New Delhi, India, reflects the ancient monastery's value and need for protection, according to UNESCO. The Committee inscribed the monastery — one of the oldest sites in the Middle East, according to UNESCO — to both lists using an emergency procedure set forth in the World Heritage Convention. Use of the emergency procedureSimultaneous inscriptions to UNESCO's World Heritage and its "In Danger" lists are rather common, a UNESCO spokesperson told CNBC. Use of UNESCO's emergency procedure fast-tracked Saint Hilarion Monastery/Tell Umm Amer's inclusion onto its World Heritage Lists, a procedure which normally takes at least two years.
Persons: Umm Amer —, Hilarion, Umm Amer, Mohammed Abed, Biden Organizations: Heritage, World Heritage, UNESCO, UNESCO —, Heritage Convention, CNBC Travel, Getty, State Party, United States, CNBC, Workers Locations: Gaza, Hilarion, New Delhi, India, Israel, United States, Palestine, United, Riyadh, Saudi Arabia, Odesa, Saba, Saint Hilarion
Read previewWarning: spoilers ahead for "House of the Dragon" season two. "House of the Dragon" season two has turned Daemon Targaryen, one of the show's most beloved characters, into a joke. At the end of the first season, the complex and charming Daemon (Matt Smith) emerged as one of the show's most popular characters. Related storiesBut in the chapters adapted for season two, Daemon only goes to Harrenhal and unites the Riverlands. But if the show's writers let themselves be constricted by the book's narrative, they risk "House of the Dragon" going stale — just like Daemon's story arc.
Persons: , Daemon Targaryen, bode, Matt Smith, Smith, Daemon, Rhaenyra's, Emma D'Arcy, Sara Hess, i'm Organizations: Service, Business, Entertainment Locations: Harrenhal, luigi's
In its simplest form, the yen carry trade has investors borrowing cheap yen to invest in higher yielding assets, often currencies. For example, because there is not a central source to track currency trades, we have no idea how big the yen carry trade is. The yen is rising, and that is making the yen carry trade less profitable. If the yen goes from 155 to 145, which is where it traded Monday, it will take $68,965 to repay that 10 million yen (10 million yen divided by 145 = $68,965). One positive sign: the ETF to watch is the Invesco Japanese Yen ETF (FXY), which tracks the price of the Japanese yen, had volume six times normal yesterday.
Persons: That's, Nicholas Colas Organizations: Nikkei, Street Journal, Federal Reserve, Bank of Japan, U.S, U.S ., Yen ETF Locations: U.S, Japan
Josh Shapiro, governor of Pennsylvania, speaks during a rally in support of Kamala Harris for president, along with Gretchen Whitmer, governor of Michigan, at Wissahickon High School in Ambler, Pennsylvania, on July 29, 2024. Lev Radin | Lightrocket | Getty ImagesDemocrats who were vetted as potential running mates for Vice President Kamala Harris praised her pick of Minnesota Gov. Tim Walz right after it was announced Tuesday. They also show that Democrats who might be disappointed about being passed over are prioritizing party unity over personal feelings. That travel is expected to begin Tuesday afternoon, when Shapiro is scheduled to join Harris and Walz at a rally in Philadelphia, the vice president's first public appearance with Walz as her running mate.
Persons: Josh Shapiro, Kamala Harris, Gretchen Whitmer, Lev Radin, Lightrocket, Tim Walz, Donald Trump's, , Pete Buttigieg, Brendan Smialowski, Harris, Walz, Buttigieg, Kamala, Donald Trump, Shapiro, president's Organizations: Wissahickon, School, Getty, Minnesota Gov, . Transportation, White, Washington , D.C, AFP, Pennsylvania Locations: Pennsylvania, Michigan, Ambler , Pennsylvania, Washington ,, Commonwealth, United States, Philadelphia
YouTube's biggest creator has been embroiled in a string of recent controversies. Donaldson, 26, has generally avoided the controversies that have felled some of his peers during his 12 years online. AdvertisementBut recently, that's begun to change, with fans and video participants speaking out against the star. "It's going to be a mess," said one Amazon insider, who spoke on the condition of anonymity because they were not authorized to speak publicly about the show. Beyond these new controversies, Donaldson has faced further criticism for an old video clip of him making racist and homophobic comments that has recirculated on social media.
Persons: Jimmy Donaldson, . Donaldson, that's, Donaldson, TikTok, Lauren Anderson, Ava Tyson, Tyson, I've, Ava, Jimmy Organizations: Service, YouTube, Business, New York Times, Beast, Amazon, Amazon Prime, AP News, Amazon MGM Studios, MGM Locations: Toronto
For companies like Costco, Starbucks, and Dicks Sporting Goods, which have robust and well-established loyalty programs, a common thread is that rewards members are the biggest spenders. "For price-conscious consumers, loyalty programs provide opportunities to spend more comfortably thanks to discounts and deals." And Dick's has said loyalty members who also use its fast-growing youth sport management software spend twice as much with the retailer than loyalty members who don't. Beauty store chain Ulta, which already has its Ultamate Rewards program, is testing a complimentary program that includes 42 mini-games, Glossy reported in May. Of course, effective loyalty programs aren't just about encouraging existing members to spend more, they also depend on getting more casual shoppers to sign up.
Persons: , Jennifer King, Laxman Narasimhan, Dick's, Etsy, Harry Lawton, Lawton, aren't Organizations: Service, Business, Costco, Starbucks, Dicks Sporting Goods, Tractor Supply, Gold Star, Tractor Supply Company, Neighbor's Club, Target Locations: eMarketer
Many American parents are used to utilizing a variety of parenting strategies and baby items in their everyday lives. The primary reason for this has to do with finances and parental leave. Day care or a private nanny can be very pricey, so a nanny share can help cut down on costs for some families. In Germany, both group day care and home day care providers are subsidized by the state; in some areas of Germany, day care is free of charge. But in Germany, due to lengthier parental leave, most kids start day care around age 1.
Persons: I've, Ferber, Nanny Organizations: Service, tote, American Locations: Germany, American
WASHINGTON — Vice President Kamala Harris is expected to reveal her vice presidential pick Tuesday, ahead of their first rally together in Philadelphia in the evening, according to two sources familiar with the plan. The rollout Tuesday will likely look similar to past major announcements, including digital video and social media components, as well as a fundraising appeal, these sources said. The Harris campaign will also disseminate various text messages to its supporters throughout the day, as has been a common practice in the past around big moments. The highly anticipated decision comes after Harris met in person Sunday with three of the contenders who have been under consideration as her vice presidential pick — Pennsylvania Gov. On Friday, Harris secured a majority of support as part of a virtual roll call from Democratic National Committee delegates needed to win the party’s nomination for president.
Persons: WASHINGTON, Kamala Harris, Harris, Josh Shapiro, Arizona Sen, Mark Kelly, Tim Walz —, JB Pritzker, Andy Beshear, Pete Buttigieg, Eric Holder, Burling Organizations: Pennsylvania, Minnesota Gov, Illinois Gov, Kentucky Gov, Burling LLP, Naval, Democratic National Committee Locations: Philadelphia, Arizona, Kentucky, Covington, Chicago
Jayapura, Indonesia — Gunmen stormed a helicopter and killed its New Zealand pilot shortly after it landed in Indonesia’s restive Papua region on Monday, and they released two health workers and two children it was carrying, police said. West Papua Liberation Army spokesperson Sebby Sambom told The Associated Press that he had not received any reports from fighters on the ground about the killing. NZ Pilot Philip Mehrtens flanked by members of the West Papua National Liberation Army. Planning to use the pilot to negotiate, Kogoya has said they won’t release Mehrtens unless Indonesia frees Papua as a sovereign country. Flying is the only practical way of accessing many areas in the mountainous easternmost provinces of Papua and West Papua.
Persons: Indonesia — Gunmen, Glen Malcolm, Faizal Ramadhani, , Sebby Sambom, ” Sambom, , Philip Mehrtens, Egianus, Philip Mark Mehrtens, Kogoya, Graeme Thomas Wall, Wall Organizations: Indonesia —, Zealand, Indonesian, PT, Angkasa Air Service, West Papua Liberation Army, Free Papua Movement, National Police, Associated Press, New Zealand, NZ, West Papua National Liberation Army, West, Susi, PT Freeport Indonesia Locations: Jayapura, Indonesia, Indonesia’s restive Papua, Alama, Mimika district, Central Papua, Papua, West, Jakarta, Dutch, New Guinea, West Papua, Christchurch, Indonesian, New Zealand, Ngaruawahia
However, because likely fewer people are willing to make the initial $550 investment in the Chase Sapphire Reserve, we'll crown the Sapphire Preferred Card in this category. Winner: Sapphire Preferred Card and Chase Sapphire ReserveTravel benefits and protectionsThe biggest difference between the Sapphire Preferred Card and the Chase Sapphire Reserve are the ongoing benefits. But as you can see, the Chase Sapphire Reserve trounces the Sapphire Preferred Card in a few categories. Winner: Chase Sapphire ReserveBonus points on Lyft ridesThrough March 2025, the Chase Sapphire Reserve offers 10x points on Lyft rides — a great return on spending — while the Sapphire Preferred Card offers 5x points. Chase Sapphire Preferred vs. Sapphire Reserve frequently asked questionsHow do the annual fees for the Chase Sapphire Preferred and Sapphire Reserve compare?
Persons: Chase, you've, Chase Travel ℠, there's, we'll, you'll, Sarah Silbert, Sarah, verticals, Guy Organizations: Chase Sapphire, Chase, Sapphire, Chase Travel, Hotel, FDIC, TSA, Target, Walmart, Chase Sapphire Reserve, Chase Dining, cardholders, Business, Reserve Elite, Sapphire Reserve, Southwest Airlines, United Airlines, Marriott, Hyatt, Finance, TPG, Engadget, Laptop Magazine, York, Banking Insurance, Sarah Lawrence College Locations: , Chase, Chevron
Paris CNN —In the heart of Paris, the 2024 Summer Olympic Games are in full swing. And we’ve talked about what we want to do as a mission, as athletes,” Tarazi said. “Someone actually asked me the other day if the Palestinian flag is a symbol of resistance,” she said. “I’ve received so much love and support from people in Gaza,” Tarazi noted. “We want to inspire the younger generation, the next generation of athletes,” Tarazi said.
Persons: Valerie Tarazi, Amanda Davies, I’m, , ” Tarazi, , Tarazi, Wasim Abu Sal, , Majed Abu Maraheel, Wasim, “ I’ve Organizations: Paris CNN —, CNN, Olympic, United Nations, International Olympic Committee, National Olympic Committee of Palestine, Games, Gaza’s Ministry of Health, Olympics, Palestinian Locations: Paris, Palestine, France, Tarazi, Gaza
These 10 stocks usually rise when Nvidia shares fall
  + stars: | 2024-08-05 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Several stocks in the S & P 500 often rise whenever Nvidia shares fall, according to a CNBC Pro analysis. CNBC Pro screened for stocks in the S & P 500 that were inversely correlated to Nvidia's over July, a month in which the chip maker's stock declined by 11.6%. By comparison, the S & P 500 notched a 1.1% gain, while the tech-heavy Nasdaq Composite eased 0.8%. A correlation of 0 would indicate no statistical link between Nvidia's stock and the share price of the other companies. The below table highlights the 10 stocks in the S & P 500 with the strongest inverse correlation with Nvidia's share price over the first week of August.
Persons: Dr Pepper, General Mills, Dickinson, Lockheed Martin, Northrop, Russell, Morgan Stanley, Goldman Sachs, — CNBC's Arjun Kharpal, Lisa Kailai Han, John Melloy Organizations: Nvidia, CNBC, Xcel Energy, Co, Northrop Grumman, CNBC Pro, Nasdaq Locations: U.S, Becton, lockstep
Monday's global stock market sell-off led to calls for the Federal Reserve to step in , but that could prove to be even more trouble for investors. This sell-off is not being driven banking crisis, and an emergency rate cut by the Fed may hurt more than it helps, said Lawrence McDonald, a bestselling author and market risk expert. "If they do that, they weaken the dollar, they actually strengthen the yen, and this whole carry trade gets worse," McDonald said. The " carry trade " mentioned by McDonald and others as a key reason for this sell-off is related to interest rates in Japan. Central banks in the United States and other developed markets have hiked interest rates aggressively in the post-pandemic period to fight inflation.
Persons: Lawrence McDonald, McDonald, Lehman Organizations: Federal Reserve, Bank of Japan, U.S, Fed, Lehman Brothers Locations: Japan, Central, United States
To help her clients, Lev incorporates schema therapy, which involves each partner learning about how their core beliefs. She said she can predict what a couple's arguments are before she even meets them 90% of the time. Advertisement"When we look at what people believe, it tells us about how they behave," Lev told Business Insider. Learning about your schemas can not only solve problems with your partner but also help you become more vulnerable or assertive. It's to help people move closer to emotional maturity — or recognize when a relationship just isn't good for them.
Persons: , they're, Avigail Lev, Lev, Jeffrey E, Young, she's, didn't, engulfment, we'd Organizations: Service, Business Locations: San Francisco
Behind the scenes, 5G infrastructure is powering live broadcasts worldwide and the moments spectators and athletes capture and post on social media. After the event, it became a hub for YouTubers and other content creators because of its gigabit-speed internet connectivity. In the lead-up to the Games, connectivity infrastructure was embedded in the London Underground light-rail network and the Westfield shopping center in Stratford. 5G technology wasn't adopted at a consumer level until 2019, and Japan's 5G-infrastructure rollout was delayed by the COVID-19 pandemic. In 2022, the 5G technology was fast enough that train riders could watch the opening ceremony on their personal devices.
Persons: , Rolf Werner, Werner, Sandeep Raithatha, Raithatha, That's Organizations: Service, Nokia, Virgin Media O2, 5G, Stratford Halo Virgin Media O2, Games, Stratford, Stratford . Communities, Tokyo, Olympics Locations: Paris, Europe, London, Tokyo, Westfield, Stratford ., Japan, Beijing, China
Investors are de-risking their portfolios amid recession fears, driving a stock-market sell-off. AdvertisementThe stock market's recession playbook is in full swing as suddenly panicked investors look to aggressively de-risk their portfolios amid fears of a downturn. Investors are questioning whether the Federal Reserve waited too long to cut interest rates and whether it's too late to fend off recession. AdvertisementDetailed below are four outperforming areas of the market that make it clear investors are employing the recession playbook:1. "Next's year's pricing makes sense if the US economy falls into recession and/or inflation tumbles below the Fed's 2% target," analysts said of the market's rate-cut expectations.
Persons: , it's, they've, David Sekera, David Rosenberg, Rosenberg, Ned Davis Organizations: Service, Federal Reserve, Nasdaq, Treasury, Bloomberg, Morningstar, Global, ETF, Rosenberg Research, Ned Davis Research
Combat brain fatigue with these tips from experts
  + stars: | 2024-08-05 | by ( Sandee Lamotte | ) edition.cnn.com   time to read: +9 min
“Even though people enjoy the rewards associated with mental tasks, these same people also do not enjoy the mental effort that’s involved. Your brain has no nerve endings, so a pain in the brain is not like having a pain in the neck. But the mental effort it takes to think hard can be so upsetting that some people will choose physical pain instead. However, 28% of the participants still chose physical pain over mental strain, even when the pain was most intense. “Concentrating also means it’s impossible to do other things because the brain really can’t multitask.
Persons: , Erik Bijleveld, ” Bijleveld, that’s, , Vadym, Bijleveld, Michel Notre, doesn’t, It’s, it’s, Kira Schabram, ” Schabram, don’t, Amy Arnsten, Albert E, Kent, Arnsten, Schabram Organizations: CNN, Behavioural Science, Radboud University, Psychological, Amateur, Michel Notre Dame, Research, Foster School of Business, University of Washington, Yale School of Medicine Locations: Nijmegen , Netherlands, Paris
Total: 25