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"In contrast, current valuation extremes imply potential downside risk for the S&P 500 on the order of 50-70% over the completion of this cycle." JPMorgan's Marko Kolanovic expects the S&P 500 to fall to 4,200, while more extreme forecasts include Jeremy Grantham's estimate in the low 3,000s. And as the stock market ground mostly higher, he persisted with his doomsday calls. He predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009. The S&P 500, by comparison, is up about 26% over the past year.
Persons: , Jonathan Golub, Count John Hussman, Hussman, Hussman's, Morgan Stanley's Mike Wilson, Piper Sandler's Michael Kantrowitz, JPMorgan's Marko Kolanovic, Jeremy Grantham's Organizations: Service, UBS, Business, Hussman Investment Trust, New York Stock Exchange, Investor Intelligence
Find out who's going to the quarters as we show you where to watch a free Germany vs. Denmark live stream today. How to watch free Germany vs. Denmark live streams from anywhereWith a quick and easy workaround, you can catch all Euro 2024 action for free, including Germany vs. Denmark today. Where to watch Germany vs. Denmark in the USAFox/FS1 has the rights to all the remaining matches for Euro 2024 in the USA, including Germany vs. Denmark. ITV specifically has the free Germany vs. Denmark live stream today. Where to watch Germany vs. Denmark in GermanyThere's a free live stream for Germany vs. Denmark via one of the Euro's regular spots.
Persons: you'll, ExpressVPN, FS1, Fubo, That's Organizations: Business, BBC, ITV, Olympics, Wimbledon, ZDF, USA Fox, Denmark, Nations, Australia Optus Sport, Optus Locations: England, Germany, Denmark, Ireland, RTE2, USA, Australia
You'll need a VPN to access any free Italy vs. Switzerland live stream options outside their original broadcast country. How to watch free Italy vs. Switzerland live streams from anywhereWith a quick and easy workaround, you can catch all Euro 2024 action for free, including Italy vs. Switzerland today. ET / 5 p.m. BST / 12 a.m. AWSTWhere to watch Italy vs. Switzerland in the USAFox/FS1 has picked up the rights to all remaining games in the USA, including Italy vs. Switzerland. BBC specifically has the free Italy vs. Switzerland live stream today. Where to watch Italy vs. Switzerland in AustraliaOptus Sport, a paid streaming service, exclusively holds all the Euro 2024 live streams in Australia.
Persons: you'll, ExpressVPN, FS1, That's Organizations: Business, Croatia, BBC, Olympics, Wimbledon, USA Fox, Fox, Nations, ITV, Australia Optus Sport, Optus Locations: Italy, Switzerland, Germany, RTE2, Ireland, Rai1, USA, Australia
AdvertisementAs the way we save for retirement has evolved, some people are now cashing in on the golden age for retirement savings — when benefits were more generous and investments in real estate and stocks boomed. While it's still possible to achieve, a fat retirement account has become rarer. AdvertisementBack in 2007, per GAO's calculations of the Survey of Consumer Finances, around 21% of low-income households had a retirement account balance. While losses weren't as profound for those in the middle-income quintile, their retirement account balances did fall slightly from 2007 to 2019. All of that comes as retirement savings become more of an individual onus.
Persons: , Michael, Connie, didn't, frugality, it's, would've, David John, that's, John, Valerie, who's, Valerie —, hinging, she's Organizations: Service, Navy, Business, Social Security, Survey, Consumer Finances, GAO, AARP, Security, BI Locations: Florida, Denver, Oregon, Seattle
In today's big story, we're looking at how young people are booking their summer vacations , finances be damned. AdvertisementSurveys from Credit Karma, Bankrate, and Bank of America show Gen Zers and millennials are willing to go on summer vacation at all costs… literally. Almost half of millennials surveyed (47%) were willing to take on debt to fund their travel plans, with Gen Z not far behind (42%). AdvertisementAlmost a quarter of young people surveyed by Credit Karma expected to rack up $2,000 in debt this summer. And about 10% of that group were willing to push it even further, surpassing $4,000 in summer debt.
Persons: , Joe Biden's, Donald Trump, Rebecca Zisser, John Towfighi, Zers, millennials, Gen, it's, you'll, Credit Karma, Klaus Vedfelt, That's, Rob Chisholm, Alyssa Powell, he's, Joseph Stiglitz, Trump, Stiglitz, Justin Sullivan, Chelsea Jia Feng, ChatGPT, Mark Zuckerberg, Sundar Pichai, — livestreaming, Twitch's Dan Clancy, Tyler Le, Gigi, Sackler, Ebrahim Raisi, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Biden, Business, Credit, Bank of America, Getty, SEC, Purdue Pharma, Dua Lipa, Coldplay Locations: Amalfi, Vegas, ., Glastonbury, New York, London
CNBC Daily Open: Roaring Kitty, Nike flops, inflation on deck
  + stars: | 2024-06-28 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nike warningShares of Nike plunged 12% in extended trading after the sneaker giant slashed its full-year guidance, anticipating a 10% drop in sales for the current quarter. Roaring Kitty, back againChewy shares experienced a rollercoaster ride on Thursday, soaring as much as 34% following a cryptic post by meme stock influencer Roaring Kitty, before falling back into negative territory.
Persons: Matthew Friend, Nike's, Tim Wentworth, Kitty, CNBC's Michelle Fox Organizations: New York Stock Exchange, CNBC, Dow Jones, Nasdaq, Micron, Nvidia, Treasury, Nike, Walgreens, BCA Research Locations: New York City, U.S, Israel, Lebanon, Greater China, China
CNBC Daily Open: Presidential debate
  + stars: | 2024-06-28 | by ( Abid Ali | ) www.cnbc.com   time to read: 1 min
In this article WBANKECHWY Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor of the New York Stock Exchange during afternoon trading on Jan. 17, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayGet the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. SubscribeThe bottom line
Persons: Michael M Organizations: New York Stock Exchange, Santiago, Getty, CNBC Locations: New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFerguson: A positive PCE report could be meaningful for the FOMC this time aroundRoger Ferguson, former Fed vice chairman and past president & CEO of TIAA, discusses what to expect from today's PCE data, and what slowing inflation could mean for potential rate cuts this year and next.
Persons: Ferguson, Roger Ferguson Organizations: PCE
A solar stock and an apparel giant were among the names being talked about by analysts on Friday. Meanwhile, Deutsche Bank increased its price target on First Solar. NKE 1D mountain NKE falls Stifel downgraded Nike stock following results to hold from buy and reduced their price target to $88 per share from $117. — Brian Evans 5:47 a.m.: Deutsche Bank raises First Solar price target First Solar shares have been on a tear this quarter, and Deutsche Bank expects even more gains ahead. The bank reiterated its buy rating on the solar stock and raised its price target to $280 from $215.
Persons: Richard Choe, Choe, — Brian Evans, Morgan Stanley, Lee Simpson, Simpson, Wells, Ike Boruchow, Jim Duffy, Jay Sole, Corinne Blanchard, Fred Imbert Organizations: CNBC, Nike, Deutsche Bank, JPMorgan, Realty Trust JPMorgan, Digital Realty, Management, Realty Trust, 1Q, UBS Locations: China, Thursday's
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs the first presidential debate of 2024 wrapped up on Thursday evening, China started dunking President Joe Biden for his oratory style. "In today's first TV debate, Trump won," wrote the popular blogger Housha Moonlight. Advertisement"I'm worried that Deng Deng will die suddenly during this debate," another poster wrote, referring to a nickname for Biden. Indeed, the debate on Thursday prompted hundreds of posts and comments remarking on the ages of both candidates.
Persons: , Joe Biden, mumbling, Business Insider's Bryan Metzger, Brent D, Griffiths, Donald Trump, he's, Biden, Weibo, Trump, Deng Deng, Xi Jinping Organizations: Service, Business, Communist Party, Weibo Locations: China, Atlanta
Read previewPresident Joe Biden's historically bad debate performance on Thursday night was received so poorly that there's serious talk among America's commentariat that he could, or should, or needs to be replaced. AdvertisementLiz Peek, also writing for Fox News, described Biden's performance as shocking the nation and as "an astonishing disaster." It started with a devastating line: "The best that can be said of Joe Biden's stumbling debate performance was that it took place in June." Noah Smith, the American blogger, also offered a bleak assessment of the debate performance. AdvertisementAnd podcaster Joe Klein did not mince his words in his summary of Biden's debate performance.
Persons: , Joe Biden's, Biden's, Brian Stelter, Biden, Thomas L, Friedman, Prez, Mark Penn, Joe, Liz Peek, Joe Biden, Stephen Collinson, KDAhZx2jyB, Molly Ball, Ball, Peggy Noonan, Ed Luce, pollster Nate Silver, what's, Noah Smith, Trump, Joe Klein Organizations: Service, Business, CNN, New York Times, The New York, Biden, Trump, Washington Post, Fox News Fox News, Fox News, CNN Politics, Street Locations: Afghanistan, Pakistan, Lisbon, York, Washington Post The Washington, ,
Birds fly outside the U.S. Supreme Court on the day justices issue orders in pending appeals in Washington, U.S., June 24, 2024. Republican lawmakers and the U.S. Chamber of Commerce praised the Supreme Court decision Friday overturning the so-called Chevron Doctrine, which for four decades led judges to defer to how federal agencies interpreted a law when its language was not clear. GOP lawmakers said the 6-3 decision by the Supreme Court undid a precedent that they argued had unjustly strengthened the power of unelected government officials. "After forty years of Chevron deference, the Supreme Court made it clear today that our system of government leaves no room for an unelected bureaucracy to co-opt this authority for itself," McConnell said. "It's a huge blow to the administrative state in Washington, D.C. No one elects bureaucrats to make these decisions," Cotton said of the decision, which overturned the Supreme Court's ruling in 1984 in a case known as Chevron v. Natural Resources Defense Council.
Persons: Mitch McConnell, McConnell, Suzanne Clark, Clark, Jeff Holmstead, Bracewell, Holmstead, Chevron, Sen, Tom Cotton, Raimondo, Cotton Organizations: U.S, Supreme, Republican, U.S . Chamber, Commerce, GOP, Air, Environmental Protection Agency, Fox News, Loper Bright Enterprises, Constitutional, Chevron, Natural Resources Defense Locations: Washington , U.S, Ky, Washington ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Friday's full episode of the Halftime Report — June 28, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
While healthcare and food constitute the majority of pet owner expenses, a new trend has emerged: dedicated pet wash stations. Related storiesDepending on the level of luxury, pet wash stations can cost homeowners between $400 and $2,000 to DIY, according to home-maintenance site The Spruce. The materials that will be used in a pet shower being developed by Highland Homes. Therefore, it's not surprising that many are enhancing their appeal by incorporating tailored features like pet wash stations into their builds. AdvertisementA dog spa in a Highland Homes property.
Persons: , Sanju, Surtani, We've, that's, DINKWAD, homebuilders, it's Organizations: Service, Business, Highland Homes, National Association of Real Estate, Homes, American Pet Products Association, Highland Locations: Highland, Highland Homes
US stocks rose Friday as traders took in new inflation data from the Fed's preferred price gauge. PCE inflation cooled to 2.6% last month, the lowest pace of price growth in three years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks jumped on Friday as traders took in fresh inflation data, which showed price pressures continuing to cool off in May. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday:AdvertisementIn commodities, bonds, and crypto:
Persons: , Seema Shah Organizations: Service, Treasury, Federal, Asset Management, Nasdaq, Nvidia Locations: PCE, Here's
U.S. crude oil on Friday traded near a two-month high and is on pace for a third-straight weekly gain as fears of war between Israel and the Iran-backed militia Hezbollah grow. West Texas Intermediate hit an intraday high of $82.72 per barrel, the highest level for the U.S. benchmark since April 30. U.S. oil is up about 1.8% for the week and 6.7% for the month of June. Hezbollah could target Israel's offshore gas operations if war breaks out, and Israel could seek to hit Iranian oil facilities, according to RBC Capital Markets. There is also a risk that Iran could attack tankers in the straight of Hormuz or abandon a détente with Saudi Arabia and hit the kingdom's oil facilities, according to the firm.
Persons: Brent, stoking, Saudi détente, Helima Organizations: Hezbollah, Texas Intermediate, RBC Capital Markets, Pentagon, NBC News, The State Department, U.S, RBC Locations: Khiam, Lebanon, Israel, Gaza, Iran, U.S, Hormuz, Saudi Arabia, Saudi
Opening a high-yield savings account can be a game-changerWhile 68% of Americans have a standard savings account, according to Forbes, fewer take advantage of high-yield accounts that offer better returns. Although you can choose to receive a physical titanium Apple Card, it's also automatically built into Apple Wallet on iPhone. 3 To access Savings, Apple Card Owners and Co-Owners must open a Savings account. To access and use all Apple Card features and products available only to Apple Card users, you must add Apple Card to Wallet on an iPhone or iPad that supports and has the latest version of iOS or iPadOS. If you reside in the U.S. territories, please call Goldman Sachs at 877-255-5923 with questions about Apple Card.
Persons: it's, Cash, Goldman Sachs Organizations: Economic, Forbes, Apple, Apple Pay, Insider Studios, Apple Card, Savings, Goldman Sachs Bank, Branch, Member FDIC, Daily, Apple Cash Card, Minor Outlying, Merchant, Nike Locations: Salt Lake, American Samoa, Guam, Northern Mariana Islands, United States, U.S
May marked the lowest annual rate since March 2021, which was the first time in this economic cycle that inflation topped the Federal Reserve's 2% target. An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years. Including food and energy, headline inflation was flat on the month and also up 2.6% on an annual basis. Outside of the inflation numbers, the Bureau of Economic Analysis report showed that personal income rose 0.5% on the month, stronger than the 0.4% estimate. Shelter-related costs have proven stickier than Fed officials have anticipated and have helped keep the central bank from reducing interest rates as expected this year.
Persons: Dow Jones, Seema Shah Organizations: Dow, Commerce Department, Federal, Asset Management, Gross, Atlanta Fed Locations: PCE
CNBC Daily Open: Amazon enters $2 trillion club
  + stars: | 2024-06-27 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The yield on the 10-year Treasury rose as investors parse comments from Fed officials and await key inflation data due Friday. $2,000,000,000,000Amazon's market capitalization surpassed $2 trillion for the first time on Wednesday, joining the ranks of tech giants like Apple and Microsoft. YouTube dominanceAlphabet's YouTube, the pioneer of user-generated content, continues to dominate media consumption, now accounting for nearly 10% of all TV viewership in the U.S.
Persons: Annie Palmer, Elliott Management, Sanjay Mehrotra, Rich Greenfield, Piper Organizations: CNBC, Dow Jones, Nasdaq, Nvidia, Apple, Microsoft, Southwest Airlines, Delta, Micron, YouTube, Nielsen, Netflix, Media, Disney, Warner Bros Locations: Shein, U.S
It typically costs $54,616 to sell a house in 2024, according to a June 17 report from Clever Real Estate. In May, Clever Real Estate polled 1,014 Americans who sold a home between 2022 and 2024 about their attitudes related to the home-selling process. "Ultimately, [with] many of these fees, there's no harm in trying to negotiate, and that includes real estate commissions," Hamrick said. But the highest expenses an owner will face when selling a home are the real estate agent commission fees, Ahmed said. Sell without a real estate agent: Homeowners could try to sell the house themselves and potentially drop real estate services altogether, said Dunaway-Seale.
Persons: Jaime Dunaway, Seale, they're, that's, Dunaway, Mark Hamrick, Hamrick, Kashif, Ahmed, Daryl Fairweather, Orphe, Sellers, brokerages, Claudia Cobreiro, Cobreiro Organizations: Finance, Wealth, Redfin, CNBC, U.S, The National Association of Realtors, Cobreiro, MLS, Realtors, Homeowners Locations: Bedford , Massachusetts, Coral Gables , Florida, Miami
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSolana pops after VanEck files first spot ETF application with SEC: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, former Atlanta Mayor Keisha Lance Bottoms, a Coinbase Global Advisory Council member and Joe Biden campaign advisor, discusses the role crypto adoption is playing in the upcoming presidential election.
Persons: Solana, explainers, Keisha Lance Bottoms, Joe Biden Organizations: SEC, CNBC Crypto, CNBC, Atlanta, Advisory Council
CNBC Daily Open: Micron slides, Amazon's $2 trillion
  + stars: | 2024-06-27 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Micron slidesShares of Micron fell almost 8% in extended trading on Wednesday as its revenue forecast failed to top analysts' expectations. The stock rose 3.9% on Wednesday.
Persons: Sanjay Mehrotra, Annie Palmer, Elliott Management, Shunichi Suzuki, Australia's, Arjun Jayaraman Organizations: New York Stock Exchange, CNBC, Dow Jones, Nasdaq, Nvidia, Micron, Apple, Microsoft, Southwest Airlines, Delta, U.S ., Finance, CSI Locations: New York City, Shein, Asia, Pacific, India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Thursday's full episode of the Halftime Report — June 27, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.
Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe, beyondthevalley@cnbc.com, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv
Read previewThe Supreme Court dealt a blow to the US Securities and Exchange Commission in a ruling Thursday, sharply limiting the way it pursues financial fraud cases. Until Thursday, the SEC had two ways of pursuing fraud cases. Or it could bring an "administrative proceeding" in its own in-house court, where it appoints its own judges and the cases have no juries. They handle all sorts of cases, not just financial fraud. Justice Sonia Sotomayor, who wrote the dissenting opinion, wrote that the majority decision disrespected the separation of powers between the different branches of government.
Persons: , John Roberts, Roberts, Dodd, Frank, George Jarkesy Jr, Justice Sonia Sotomayor, Sotomayor Organizations: Service, US Securities and Exchange Commission, SEC, Business, US Senate, Department of Labor, Occupational Safety, Health Administration Locations: United States
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