DIRS.INFO The most relevant business & tech news

☆ I spent over $120 to try every burger at Wendy's, and the best is a classic
▼ + stars: | 2024-07-09 | by ( Lucien Formichella | ) www.businessinsider.com time to read: +29 min

The bacon Double Stack lacked condimentsThe bacon Double Stack had ketchup, mustard, pickle, and onion. Division-1 winner: The bacon Double Stack triumphs for having baconThe bacon Double Stack had a decent variety of toppings. I was excited to dig into the Big Bacon ClassicThe Big Bacon Classic had a lot of sauce. The Big Bacon Classic triple seemed to have too much meatThe Big Bacon Classic triple seemed like a lot of meat. AdvertisementDivision-5 winner: The Jr. bacon cheeseburger was the best of this large poolThe Jr. bacon cheeseburger was my favorite in this category.

Persons: —, Bacon, pretzel cheeseburgers, I've, Lucien Formichella, underseasoned —, Dave Thomas, I'd, Wendy's, would've, cheeseburger, Baconator, mayo, Charlie, Charlie Brown, hadn't, jalapeños, Pretzel Bacon, Cheeseburger, Big Bacon Organizations: Service, Business, mayo, Taco Locations: Wendy's, mayo, cheddar

☆ A Wall Street analyst who wrote a blistering open letter to Amazon CEO Andy Jassy last year now sees big improvements
▼ + stars: | 2024-07-09 | by ( Eugene Kim | ) www.businessinsider.com time to read: +1 min

An analyst said Amazon addressed investor concerns, focusing on profitability and free cash flow. AdvertisementBernstein analyst Mark Shmulik wrote a brutal open letter to Amazon CEO Andy Jassy last year expressing growing investor frustration with the company's spending. Now, after a little over a year, Shmulik said Amazon has addressed most investor concerns by making dramatic improvements across the company. "They made active decisions to focus on profitability and free cash flow expansion," Shmulik told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: Andy Jassy, —, Bernstein, Mark Shmulik, Shmulik Organizations: Service, Business

☆ Fed Chair Powell talks up progress on inflation but says rate cuts not imminent yet
▼ + stars: | 2024-07-09 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

However, central bank officials still want to see more progress before cutting interest rates, he noted. “The most recent inflation readings, however, have shown some modest further progress, and more good data would strengthen our confidence that inflation is moving sustainably toward 2%,” he added. Fed officials expect to cut interest rates just once this year, according to their latest economic projections in June, compared to the three cuts they forecast in March. The annual PCE inflation rate registered at 2.6% in June, down slightly from 2.7% in May. Fed officials and most economists don’t see a recession this year.

Persons: Jerome Powell, ” Powell, Powell, Inflation, John Williams, ” Seema Shah Organizations: Washington CNN, Inflation, Committee, Financial, ” New York Fed, Congress, Fed, Asset Management Locations: India, United States

☆ Go long Hilton and Walmart: HSBC's stock strategy for playing the divided U.S. consumer
▼ + stars: | 2024-07-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Strong consumer demand has helped the U.S. economy weather the Federal Reserve's rate hikes, avoiding a hard landing where growth and employment turn lower. The high-end consumer Inui estimates the net worth of high-end consumers is actually accelerating to a high-single-digit rate. "As a result, discount retailers are facing high shrinkage, restaurants are becoming increasingly promotional to boost traffic and retailers with strong value propositions are gaining share." HSBC called McDonald's one of the stocks that offers "a strong value proposition" to consumers tightening their belts. Another retailer HSBC named was Target , which has an "expect more, pay less" strategy emphasizing private labels to boost sales.

Persons: HSBC's, Nicole Inui, Hilton, Marriott, Inui, Innui, — CNBC's Michael Bloom Organizations: HSBC, Viking Holdings, Worldwide Holdings, Marriott International, Royal, Motors Locations: U.S, Americas, Royal Caribbean

☆ A millennial couple who makes $235,000 but spends roughly $84,000 a year on travel and shopping is 'no better' than someone with credit card debt, financial expert says
▼ + stars: | 2024-07-09 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

The couple, who were identified by only their first names, told Sethi that Paul recently left his job, making Maddie's $235,000 salary their sole income. AdvertisementWhile Paul told Sethi he thinks those stats are "incredible," Maddie only feels "OK" about their portfolio. "If that's the case, you are spending more than you make every month," Sethi told the couple. Christ Newhard/BooklightBut the couple's expenses will only continue to grow as they plan their wedding, Sethi warned. In a follow-up to the podcast, Paul told Sethi that the couple had successfully implemented his advice, building specific spending targets and politely declining several destination weddings this year.

Persons: —, podcaster, Paul, Maddie, Ramit Sethi, Rich, Sethi, I've, there's, Christ, weren't Organizations: Service, Business Locations: London

☆ Why our stocks tied to AI and dependent on housing are rallying in a mixed market
▼ + stars: | 2024-07-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Monday market: Stocks were mixed with the S & P 500 and Nasdaq hovering around their all-time highs and the Dow off slightly. Last week's rally was driven by the Magnificent Seven stocks, with Club names Apple , Amazon , Alphabet , Meta Platforms , and Microsoft closing at highs. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Corning, Stanley Black, Decker, —, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow, Apple, Microsoft, Nvidia, Broadcom, Dell, Devon Energy, Grayson, Energy, Costco, Telsey, Jim Cramer's Charitable Locations: Meta, Lowe's, Whirlpool, Williams, Sonoma, Williston, Devon

☆ Opinion: A landmark NATO summit in Washington. But in Ukraine, there’s little cause for celebration
▼ + stars: | 2024-07-08 | by ( Opinion Michael Bociurkiw | ) edition.cnn.com time to read: +8 min

Odesa CNN —As Washington prepares to welcome world leaders for a landmark summit commemorating 75 years of NATO, some 5,000 miles away I was having a heart wrenching dinner conversation. Michael Bociurkiw Chrystia Chudczak“My dreams have been shattered,” a Ukrainian friend, Inna Ivanova, told me at a restaurant tucked away in an obscure corner of Odesa. The question on everyone’s lipsLooming over the summit will be the question of Ukraine’s desperately sought NATO membership. Meanwhile in WashingtonThe forecasted record heat won’t be the only thing making NATO leaders in Washington break into a sweat. Given the high stakes for Ukraine, people here will be watching developments in Washington closely.

Persons: Michael Bociurkiw, Odesa, Michael Bociurkiw Chrystia, ”, Inna Ivanova, Inna, Vladimir Putin, Ukraine’s, Ukraine Ivanna, Tsintsadze, Biden, Oleksandr Gimanov, Bohdan Chomiak, What’s, I’ve, that’s, Russia wouldn’t, Kyiv should’ve, Donald Trump, —, Joe Biden’s, General Jen Stoltenberg’s, Kira Rudik Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Odesa CNN, Washington, NATO, Bucharest NATO, Ukraine, Getty, Kyiv, Twitter, Trump, Golos Party Locations: Europe, Ukrainian, Odesa, Germany, Washington , DC, Ukraine, Washington, Bucharest, Georgia, Moscow, Brussels, Lviv, Russian, AFP, Kyiv, Russia, Ukraine’s

☆ Read Biden’s Letter to Congressional Democrats
▼ + stars: | 2024-07-08 | by ( ) www.nytimes.com time to read: +4 min

I have had extensive conversations with the leadership of the party, elected officials, rank and file members, and most importantly, Democratic voters over these past 10 days or so. Believe me, I know better than anyone the responsibility and the burden the nominee of our party carries. The voters of the Democratic Party have voted. I feel a deep obligation to the faith and the trust the voters of the Democratic Party have placed in me to run this year. The voters - and the voters alone - decide the nominee of the Democratic Party.

Persons: JOSEPH R, BIDEN, Donald Trump, I've, Trump Organizations: JR, Democratic, Democratic Party, Big Pharma, MAGA Republicans, Trump Locations: America

☆ Trump's increasing election odds after debate already affecting financial markets
▼ + stars: | 2024-07-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Financial markets are slowly starting to absorb the possibility that what was once a toss-up presidential election campaign has taken a notable turn. That has put investors in a quandary of how to handicap what a Trump presidency would look like from an economic and market standpoint. .SPX mountain 2024-06-28 S & P 500 performance since the debate However, the bond market has had a bit more of a reaction. The first Trump presidency and some of his campaign rhetoric nevertheless has led to guesswork about what could be ahead. "This particularly favors financials and there will be an expectation of more M & A approval in a Trump presidency.

Persons: Joe Biden, Donald Trump, specter, Biden, Trump, Mark Malek, Siebert AdvisorNXT, Handicapping, Michael Hartnett, Hartnett, Ed Mills, Raymond James, Kamala Harris, Harris, Chris Krueger, TD Cowen, Krueger, ABC's George Stephanopoulos, —, Sarah Min Organizations: Republican, Trump, Treasury, Bank of, White, Reading, New York Times, Biden, Democrat Locations: Washington

☆ There's a new top pick on Wall Street emerging in the media space
▼ + stars: | 2024-07-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

"Big picture - pricing and margin trajectory reinforces [overweight] thesis, top pick in media & entertainment," wrote Morgan Stanley analyst Benjamin Swinburne, referring to the audio streaming giant. The firm's $370 price target suggests 17% upside from Friday's close, while a $450 bull scenario implies that shares can rally 42%. The analyst also highlighted Spotify's leading product position, solid user growth runway and underappreciated earnings power among the reasons for the bullish thesis. Wells Fargo analyst Steven Cahall reiterated his overweight rating on Spotify and his $400 price target, citing long-term margin potential spurred by price hikes and a "margin accretive dynamic" with labels. The price increases should add 9.3% to year-over-year average revenue per user and offer a 905 million euro lift to 2025 revenues.

Persons: Morgan Stanley, Benjamin Swinburne, Swinburne, Morgan Stanley isn't, Wells, Steven Cahall Organizations: Spotify Technology, Spotify Locations: 2H24, EBITDA

☆ Webb telescope reveals the smelly atmosphere of nearby giant planet
▼ + stars: | 2024-07-08 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Now, data from the James Webb Space Telescope has revealed another intriguing feature of the planet known as HD 189733b: It smells like rotten eggs. Located only 64 light-years from Earth, HD 189733b is the nearest hot Jupiter that astronomers can study as the planet passes in front of its star. HD 189733b only takes about two Earth days to complete a single orbit around its star, Fu said. Webb’s data also showed levels of heavy metals on HD 189733b that are similar to those found on Jupiter. “HD 189733b is a benchmark planet, but it represents just a single data point,” Fu said.

Persons: James Webb, ”, Guangwei Fu, Fu, ” Fu, Webb, they’re, “ Organizations: CNN, Johns Hopkins University

☆ Nvidia is poised to surge another 16% as signs point to 'exceedingly robust' demand for its next-gen Blackwell chip, UBS says
▼ + stars: | 2024-07-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The bank said recent supply chain checks show "exceedingly robust" demand for Nvidia's next-gen chips. Nvidia's potential $5 EPS in 2025 would give it a valuation of 25.6x on a forward price-to-earnings basis. Based on recent supply chain checks, UBS analyst Timothy Arcuri said "demand momentum for Blackwell rack-scale systems remains exceedingly robust." Sell-side consensus estimates expect Nvidia to deliver earnings per share of $3.62 in 2025, which gives it a forward price-to-earnings multiple of 35x. Also boding well for more gains for Nvidia is the growing "wall of worry" surrounding the stock in recent weeks.

Persons: —, Timothy Arcuri, Blackwell, Nvidia's, Arcuri Organizations: UBS, Nvidia's, Service, Nvidia, Hopper

☆ Investors can nab attractive dividends with these high-quality stocks
▼ + stars: | 2024-07-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Those dividends may begin to look more attractive to investors as the Federal Reserve starts cutting interest rates. UBS compiled a list of global, high-quality dividend stocks using its quantitative models, as well as its fundamental analysts. "Throughout the process, we emphasise the stability and growth potential of dividend streams, as opposed to the current yield," analyst Claire Jones said. Investors can grab a 2.69% dividend yield with Home Depot . The oil giant boasts a 3.35% dividend yield and is up more than 11% so far this year.

Persons: What's, Claire Jones, Richard McPhail, Giovanni Staunovo, Brent, Jonathan Woloshin, Sempra, Jeffrey Martin, CNBC's Jim Cramer, Melissa Repko, Spencer Kimball Organizations: UBS, Federal Reserve, Depot, CNBC, Exxon Mobil, Exxon, Pioneer Natural Resources, CME Group, JPMorgan, Group, Utilities Locations: Saudi, Aramco

☆ 'We're in a slow-motion melt-up': 3 reasons why the bull market in stocks will continue, according to Ed Yardeni
▼ + stars: | 2024-07-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The stock market will continue to hit record highs driven by reasonable valuations and continued earnings growth, according to Ed Yardeni. AdvertisementThe record rally in the stock market isn't close to being over, according to market veteran Ed Yardeni. Forward earnings expectations riseAnalysts' forward earnings expectations hit a record high last week, illustrating that the market rally is supported by what matters the most: profits. Market breadth will improveWhile the stock market rally has been driven mostly by a concentrated handful of companies, improving earnings breadth should lead to improving market breadth, according to Yardeni. There's a lot of companies that are benefiting from AI," Yardeni said.

Persons: Ed Yardeni, —, Yardeni, Corning, let's Organizations: Service, CNBC

☆ I balance working hard to reach my financial goals and spending time with my son. I never want him to feel neglected.
▼ + stars: | 2024-07-08 | by ( Chris Boutté | ) www.businessinsider.com time to read: +5 min

Now, I have my own son, and I want to provide a much better life for him here in Las Vegas. But to reach my financial goals and give both of us better lives, I've had to sacrifice some quality time with him. I knew that wasn't nearly enough to reach my financial goals. My next job paid me about $50,000, and then I moved to a job making $65,000. It's taken time to find the right balance of making enough money while also spending enough time with my son.

Persons: I've, isn't, doesn't, I'm, wasn't, it's, It's Organizations: Service Locations: Las Vegas

☆ Top Wall Street analysts see attractive prospects for these 3 stocks
▼ + stars: | 2024-07-07 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

As investors navigate this complicated environment, they may turn to research from top-rated Wall Street analysts as they search for stocks with strong balance sheets and solid growth prospects. With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Attractive features like Prime Video, Free Same Day Delivery, Prime Music and Grocery made the Prime membership more attractive to the survey respondents. 1 Large Cap Long," with the survey results backing the company's long-term investment thesis. The analyst expects Twilio to gain from the demand for artificial intelligence-based automated responses that ensure timely and cost-effective customer interaction.

Persons: Goldman Sachs, Toshiya Hari, Hari, TipRanks, Mark Mahaney, Mahaney, Amazon's, Grocery, Ivan Feinseth, Twilio, Feinseth Organizations: Micron Technology Chipmaker Micron Technology, MU, Micron, Online, Amazon Retail, Walmart, Amazon Web, North American Retail Locations: FY4Q, U.S

☆ Coco Gauff out of Wimbledon after Emma Navarro shock on Centre Court
▼ + stars: | 2024-07-07 | by ( Matthew Futterman | ) www.nytimes.com time to read: +3 min

WIMBLEDON — The ball whistled past Coco Gauff’s shoulder, and seconds later her hand was over her mouth. 1, and one of the current favorites for the Wimbledon title that will be handed out on Saturday July 13. Navarro, who shows little emotion regardless of the numbers on the scoreboard, kept her cool and stayed steady. Gauff was the only player to make it to at least the semifinals of the last three Grand Slams. AdvertisementAnother forehand error from Gauff earned Navarro a third match point.

Persons: Gauff’s, Emma Navarro, Iga Swiatek, Brad Gilbert, Navarro, isn’t, Gauff, Clive Brunskill, Naomi Osaka, “, Jasmine Paolini — “, ” Navarro, Henry Nicholls Organizations: WIMBLEDON, NCAA, Wimbledon, U.S, All England Club, Getty

Here's everything you need to know about where to watch a free British F1 live stream wherever you are in the world. As also detailed in our season-long free F1 live stream guide, we can help you watch every race this season via similar options to today's. How to watch free British GP live streams with a VPNSign up for a VPN if you don't have one. How to watch F1 Britain live stream in the USABC and ESPN covers Formula 1 racing throughout the season. Check price at SlingHow to watch British F1 GP live stream in the UKWant a free option?

Persons: Russell, Hamilton, Norris, we've, you'll, ExpressVPN, There's, it's Organizations: Business, Silverstone, RTL2, ABC, ESPN, MLB, NHL, NFL, UFC, Hulu, Disney Plus, ESPN Sling, Sky Sports, Sky, Premier League Locations: British, ORF1, Austria, Belgium, Luxembourg, TV's

☆ Wimbledon recap day 7: Carlos Alcaraz’s highlight reel and Lulu Sun’s story
▼ + stars: | 2024-07-07 | by ( Charlie Eccleshare | Matthew Futterman | ) www.nytimes.com time to read: +19 min

Welcome to the Wimbledon briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. On day seven of Wimbledon 2024, Carlos Alcaraz showed off his tennis diet, Lulu Sun kept building her story, and Daniil Medvedev set up a rematch. To really feel good on a tennis court, Carlos Alcaraz needs to play points that get the crowd off their seats. He lost the third set 6-1 and went on a run of losing four service games in a row. Even in an international sport like tennis, Wimbledon quarterfinalist Lulu Sun has quite some heritage.

Persons: Carlos Alcaraz, Lulu Sun, Daniil Medvedev, Ugo Humbert, Alcaraz, Humbert, Spaniard, Tommy Paul, — Charlie Eccleshare, Emma Raducanu, Sun, She’s, Julian Finney, Donna Vekic, Zhu Lin, Charlie Eccleshare Will Daniil Medvedev, Jannik, hadn’t, We’ll, Sinner, Medvedev, Adam Pretty, Grigor Dimitrov, Ben Shelton, he’ll, — Charlie Eccleshare Will Jasmine Paolini’s, Keys, Rob Newell, Camerasport, Paolini, Emma Navarro, — James Hansen, Paula Badosa’s, 🇷 F., Paul, 🇸 P., 🇪, 🇷 M., 7 🇦🇷 F, Dani e, C. O, A. T, 🇸 J. Muna, Du, L. N, J, 🇵 Y, Cobo, Mun, i tz 🇩, 🇧 F. J, Ker, B., C. Tau, Carl e, 🇸, Fernandez, 🇳 10 O. J, Golub, Boult e r 7 7 🇩, Mari, 🇴, eva, 🇷, 🇿 26, 🇷 16 E. J, Maia, 🇿, Wang, 🇧 E. R, ina, LL, odon, K, M., D., 🇸 19 E., Coll, Ry Organizations: Wimbledon, Getty, Madison Keys, Shelton, 🇬, Monfils, rgs, Walton, 🇰, 🇺, 🇸, Alcaraz 6, 🇷, 🇱 A. Rus, Navarro Locations: —, Croatian, New Zealand, Switzerland, Devon, Melbourne

☆ Soaring U.S. stocks make China’s market look worse than it is. Names to watch
▼ + stars: | 2024-07-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Mainland China investors these days are often focused on how well U.S. stocks are doing — and bemoaning tepid performance at home. But a look at first-half performance shows that many China stocks still rose by double-digits, including a few artificial intelligence plays. Zhongji Innolight Ranking third in CSI 300 performance in the first half was Zhongji Innolight, which climbed 70%. Nomura rates Zhongji Innolight a buy and its analysts met with the optical communication company in late June. The broad mainland China stock market, measured in Class A shares, has underperformed over the past two years, said Wanda Wang, a research manager at Morningstar.

Persons: BofA, Nomura, Wanda Wang, That's, Invesco's, — CNBC's Michael Bloom Organizations: Nvidia, CSI, Apple, Foxconn, Bank of America Securities, Industrial, FII, Avary Holding, Avary, Chartered Bank, HSBC, JPMorgan, Nomura, Nasdaq, U.S, Morningstar, Capital, Shenzhen Stock Exchange Locations: China, Shanghai, Shenzhen, Avary Holding Shenzhen, Hong Kong

☆ How a Seattle couple achieved financial independence in their mid-30s after paying their way through school — and why they don't want to retire early
▼ + stars: | 2024-07-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Mai-lan Phan and her husband, Ryan Wagoner, both 36, reached financial independence, but neither wants to fully retire early. Many Americans are working to achieve financial independence — or having enough savings or income to live comfortably for life. Advertisement"I want to be able to walk away from any job if it's not working," Wagoner said. Nerve damage in her right hand prevented her from returning to work full-time. She said their finances were solid enough from not "keeping up with the Joneses" that she could work less while her husband continued to work full-time.

Persons: Phan, Ryan Wagoner, Wagoner, it's, —, I'm, we're, they've, she's, They've, — Phan, We've, we've Organizations: Service, Seahawks, Business, FIRE, Subway, Michigan State University, Microsoft Locations: Phan, Seattle, Michigan, Mexico, Paris, Thailand, Europe, Asia

☆ These stocks, including Nvidia, have more room to run in July, Bank of America says
▼ + stars: | 2024-07-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

Bank of America said this week that a slate of stocks is poised for upside as the summer heats up. CNBC Pro combed through Bank of America's research to find buy-rated stocks that are too attractive to ignore. Carnival Carnival is coming off better-than-expected earnings in late June. Bank of America analyst Andrew Didora said in a recent note that this bodes well for the stock in the months ahead. Palantir "We're still in the early innings of AI adoption and expect Palantir (PLTR) to continue to see significant upside from this trend.

Persons: Andrew Didora, Didora, Jason Kupferberg, Kupferberg, Mariana Perez Mora, Palantir, Mora, We're Organizations: of America, Nvidia, CNBC, Bank of, Palantir Technologies, Bank of America, CCL, Palantir, U.S . Department of Defense, Blackwell, …

America’s job market remains solid, but it has lost momentum over the past year. The Federal Reserve is watching closely to see if it will continue to hold up or weaken more than expected. Fed Chair Jerome Powell said this week at an economic forum in Portugal that the risk of inflation reaccelerating has come into better balance with the risk of the job market unexpectedly deteriorating. Fed officials indicated in their latest economic projections that they expect to cut interest rates just once this year, which have been at a 23-year high for a year now. It rose to 4.1% in June, according to the Labor Department’s latest tally.

Persons: Jerome Powell, ” Powell, ”, Mary Daly Organizations: Federal, ” San Francisco Fed, Labor Locations: Portugal, ” San

☆ Live Updates: U.S. Jobs Report Expected to Show Slower Pace of Hiring
▼ + stars: | 2024-07-05 | by ( Talmon Joseph Smith | ) www.nytimes.com time to read: +2 min

PinnedThe monthly employment report on Friday is projected to show that employers added 190,000 jobs in June, according to a Bloomberg survey of economists. That would be a downshift from the 272,000 jobs added in May. The economy remains solid overall, with unemployment still low, the stock market hovering at new highs and wage growth outpacing inflation. But many economists say the labor market is in a sensitive place. Interest rates, which the Federal Reserve has driven significantly higher since 2022, have remained elevated longer than many businesses had hoped.

Persons: —, Jerome H, Powell, Nancy Vanden Houten Organizations: Bloomberg, Federal Reserve, Bank of America, Fed, Oxford Locations: U.S

☆ Here’s where money managers are seeking income at mid-year as rates stay high
▼ + stars: | 2024-07-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +6 min

The prospect of "higher for longer" rates has also made short-term fixed income assets especially attractive. "We had a lot of investors who were in, if not cash, then sub-2-year duration fixed income at the start of the year." Takeaways for investors It doesn't hurt for retail investors to review their fixed income allocation now that the year is halfway over. A combination of fixed income assets may be what it takes to benefit from today's higher rates, lock in yields and capture rising prices once the Fed cuts. "We don't buy that there's one fixed income asset class that you should tilt toward," said Calcagni.

Persons: –, Don Calcagni, it's, Shannon Saccocia, Neuberger Berman, Michael Rosen, Rosen, Janus Henderson, Vishal Khanduja, Eaton Vance, Khanduja, Callie Cox Organizations: Federal Reserve, FedWatch, Investment Company Institute, Money, Mercer Advisors, Investors, Municipal, Angeles Investment Advisors, AAA CLOs, Janus Henderson AAA CLO, SEC, Morgan Stanley Investment Management, Bond, Ritholtz Wealth Management, Stay Locations: Santa Monica, Calif

Search resuls for: "Solid"

25 mentions found