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☆ Biden campaigns ahead of pivotal ABC News interview, as his reelection bid teeters
▼ + stars: | 2024-07-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

U.S. President Joe Biden is welcomed by Air Force Colonel Angela Ochoa (R) as he arrives to board Air Force One at Joint Base Andrews in Maryland on July 5, 2024. Biden is scheduled to speak with ABC News anchor George Stephanopoulos during a campaign trip to Madison, Wisconsin. The Trump campaign and Republican Party, in turn, have started ramping up attacks on Harris. When a reporter asked Biden on Friday if thinks he can still beat Trump, the president replied, "Yes," before boarding Air Force One and heading to Wisconsin. Harris told CBS News on Tuesday, "Joe Biden is our nominee.

Persons: Joe Biden, Angela Ochoa, Donald Trump, Biden, George Stephanopoulos, David Muir, Abigail Disney, Kamala Harris, Trump, Harris, Karine Jean, Pierre, Jean, — Organizations: Air Force, Joint Base Andrews, Republican, ABC News, ABC, Democratic, Disney, CNBC, Democracy, Project, The New York Times, Republican Party, NBC, Trump, CBS Locations: Maryland, Madison , Wisconsin, Wisconsin, Madison

☆ We're taking some profits in our bank stocks after big runs and ahead of a tricky time
▼ + stars: | 2024-07-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We're selling 50 shares of Morgan Stanley at roughly $100.04 each and 110 shares of Wells Fargo at roughly $60.65. We're making two small trims and locking in solid gains in our two bank stocks following their strong moves toward their 52-week highs over the past week. The bank stocks are viewed as beneficiaries of a Trump presidency due to less regulation and a more accommodative stance on mergers and acquisitions, which would benefit their investment banking operations. Morgan Stanley, Bank of Americ a, and Goldman Sachs report the week after next. From these two sales, we'll realize a gain of 12% on Morgan Stanley stock bought in July 2021 and a big gain of 77% on Wells stock purchased in January 2021.

Persons: Morgan Stanley, Jim Cramer's, Wells Fargo, Donald Trump, Jim Cramer, Cramer, Goldman Sachs, Jim Organizations: WFC, Morgan Stanley YTD Bank, JPMorgan, Citigroup, Bank of Americ, Wells, CNBC Locations: Wells Fargo, Wells

☆ 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

☆ Earth’s inner core has slowed so much it’s moving backward, scientists confirm. Here’s what it could mean
▼ + stars: | 2024-07-05 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +10 min

Comparing the timing of seismic signals as they touched the core revealed changes in core rotation over time, confirming the 70-year rotation cycle. But the depth and inaccessibility of the inner core mean that uncertainties remain, she added. The mysterious region where the liquid outer core envelops the solid inner core is especially interesting, Vidale added. “We might have volcanoes on the inner core boundary, for example, where solid and fluid are meeting and moving,” he said. Because the spinning of the inner core affects movement in the outer core, inner core rotation is thought to help power Earth’s magnetic field, though more research is required to unravel its precise role.

Persons: seismologist Inge Lehmann, —, ”, Lauren Waszek, “, ” Waszek, John Vidale, “ We’ve, ” Vidale, we’ve, what’s, Vidale, Seismologists, Lehmann, Waszek, ” Mindy Weisberger Organizations: CNN, James Cook University, Earth Sciences, University of Southern California’s Dornsife, of Letters, Arts and Sciences, Geological Survey, Scientific Locations: Australia, New Zealand, South Sandwich, South

☆ 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

☆ CNBC Daily Open: UK Labour landslide election victory
▼ + stars: | 2024-07-05 | 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. UK Labour wins landslide victoryThe center-left Labour Party has won a landslide victory, ending 14 years of Conservative rule. Samsung shares climbed 2.84%, hitting their highest level since January 2021. Here are Evercore ISI's best stock ideas for the second half.

Persons: Keir Starmer's, Tony Blair's, Rishi Sunak, Brexiteer Nigel Farage, jeopardizing, Korea's Kospi, nonfarm payrolls, Saks, Neiman Marcus, Bergdorf Goodman Organizations: New York Stock Exchange, CNBC, Labour, Labour Party, Conservative, Keir Starmer's Labour, Party, Nikkei, Samsung, Samsung Electronics, CSI, S3 Partners, Saks Fifth, HBC, Saks, ISI Locations: May's

☆ U.S. crude oil heads for fourth straight weekly gain on solid demand outlook
▼ + stars: | 2024-07-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil was little changed on Friday but was on pace for a fourth straight weekly gain as falling inventories show an uptick in demand. Oil market analysts have been forecasting a tighter market in the third quarter as summer fuel demand picks up. U.S. inventory data appeared to confirm those forecasts, with crude stocks declining by 12.2 million barrels and gasoline falling by 2.2 million barrels last week. UBS is forecasting that global oil demand will grow by 1.5 million barrels per day, or bpd, this year, above the long-term growth rate of 1.2 million bpd. "As such, we still believe Brent will likely reach the USD $90/bbl mark this quarter," Staunovo said.

Persons: Giovanni Staunovo, Brent, Staunovo Organizations: UBS, bbl, JPMorgan Locations: U.S

☆ Termessos: The hidden ‘eagle’s nest’ city that Alexander the Great couldn’t conquer
▼ + stars: | 2024-07-04 | by ( Barry Neild | ) edition.cnn.com time to read: +11 min

Termessos, Turkey CNN —Alexander the Great tried to conquer Termessos but failed. He reputedly called the city an “eagle’s nest.”Later, the Romans had more success in controlling the city. Barry Neild/CNNClimbing higher up the hillside on a rocky path sprouting with fragrant wild sage, there’s more evidence of how sophisticated life in Termessos would’ve been. Further up, the upper city walls give commanding views of the forest below and offer a good vantage point over anyone trying to sneak up for an invasion. In Termessos, the location is particularly significant, as it sits opposite a mountain that was once sacred to the city’s inhabitants.

Persons: Turkey CNN — Alexander the Great, Mount Güllük, Barry Neild, would’ve, ”, Önder Uğuz, he’s, Termessos, We’re, “, Alexander the Great, Termessos would’ve Organizations: CNN, Turkey CNN, agora Locations: Termessos, Turkey, Antalya, That’s, Machu Picchu, Mount

☆ Friday's jobs report expected to show slowing payroll gains as concern rises about broader economy
▼ + stars: | 2024-07-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Payroll gains so far in 2024 have totaled 1.24 million, down about 50,000 a month below the same period a year ago. "Specifically, I'm thinking more about the unemployment rate, which has been slowly trending up." Under normal circumstances, a 4% unemployment rate would be cause for celebration, not concern. The May rate was 0.5 percentage point above its 12-month low of 3.5% in July 2023, potentially triggering a recession indicator called the Sahm Rule. The rule has shown consistently that whenever the unemployment rate on a three-month average eclipses its 12-month low by half a percentage point, the economy is in recession.

Persons: nonfarm payrolls, Dow Jones, Nick Bunker, it's

☆ CNBC Daily Open: Tesla powers S&P 500, Nasdaq to record highs
▼ + stars: | 2024-07-04 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Record highsThe S&P 500 and the tech-heavy Nasdaq Composite closed at record highs in a shortened session ahead of the July 4 Independence Day holiday. The yield on the 10-year Treasury fell as the latest economic data indicated the jobs market was cooling. Despite some officials advocating for potential rate hikes, the Federal Open Market Committee ultimately decided to hold rates steady. [PRO] Tesla bull caseWedbush analyst Dan Ives raised his Tesla price target to $300 from $275, with a bull case of $400 by 2025.

Persons: Nela Richardson, Elliott Management's, Elliott, Bob Jordan, Gary Kelly, JPMorgan's Kolanovic, Marko Kolanovic, Kolanovic, Dubravko, Dan Ives Organizations: CNBC, Nasdaq, Nvidia, Dow Jones, Treasury, Federal Reserve, Federal, Market Committee, ADP, Southwest Airlines Locations: U.S

☆ Putin and Kim Jong Un are getting alarmingly close, and it's put US ally South Korea in a predicament
▼ + stars: | 2024-07-04 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Read previewRussia and North Korea's newfound friendship has left key US ally South Korea in a predicament with few good options. Last month, Russian President Vladimir Putin visited Pyongyang, where he and North Korean leader Kim Jong Un further strengthened their partnership. SEOUL, SOUTH KOREA: A TV at Yongsan Railway Station shows North Korea's fired Hwasong-18 solid-fuel intercontinental ballistic missile (ICBM). Russian President Vladimir Putin and North Korea's leader Kim Jong Un drive a Russian Aurus limousine during their meeting in Pyongyang, North Korea. With Putin supporting North Korea, tensions are higher between Pyongyang and Seoul, and the two could find themselves on the brink.

Persons: —, Vladimir Putin, Kim Jong, Korea's, KIM Jae, Sue Mi Terry, Putin, he's, Victor Cha, they've, Cha, Terry, what's, Caesar, LIONEL BONAVENTURE, Kim Organizations: Service, North, Business, SOUTH, Getty, Council, Foreign Relations, South Korean, Ukraine, KCNA, Reuters, Center for Strategic, International Studies, Putin Locations: Russia, North, South Korea, Seoul, Ukraine, North Korea, Russian, Pyongyang, SEOUL, SOUTH KOREA, Yongsan, Korea, North Korean, Moscow, Asia, Poland, Ukrainian, Tarbes, France, Kyiv, China, United States

☆ Microsoft's Surface Pro is fine, but it isn't the AI device to change personal computing
▼ + stars: | 2024-07-04 | by ( Jordan Novet | ) www.cnbc.com time to read: +8 min

Among the first of the devices — called Copilot+ PCs — to hit the market is a Surface Pro convertible tablet. If you join video calls, you can open the Settings app on the Surface Pro Copilot+ PC and turn on an option called Eye Contact. A standard Surface Pro Keyboard that magnetically snaps onto the bottom of the Surface Pro sells for $139.99, and if you'd also like a model with Microsoft's Slim Pen stylus, you'll pay $279.99. I didn't find the accessory to be a big upgrade from the good old Surface Pro Keyboard. Jordan Novet | CNBCWhat's badThe biggest AI feature coming to this new Surface Pro and other Copilot+ PCs isn't available yet.

Persons: Jordan Novet, I've, you'll, Apple, NPU, Microsoft's Copilot, you'd, Slim Organizations: CNBC, Microsoft, Qualcomm, Intel, Apple, Google, Windows, AMD, Copilot, MacBook, Bluetooth

☆ Disney heiress, wealthy Democratic donors say they won't finance the party until Joe Biden drops out
▼ + stars: | 2024-07-04 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

President Joe Biden is facing an uprising from some his own party's wealthy donors, including an heiress to the Disney family fortune, who say they will no longer fund the Democratic Party until Biden drops out of the presidential race following his disastrous debate performance. The president has said he has no plans to withdraw from the race, despite calls for him to do so. "I intend to stop any contributions to the party unless and until they replace Biden at the top of the ticket. Disney pointed to Vice President Kamala Harris as a solid alternative to Biden, arguing she'd be able to defeat Trump. Jurvetson is among the top 50 donors this cycle across the country, donating over $5 million to Democrats, according to OpenSecrets.

Persons: Joe Biden, Donald Trump's, Disney, Biden, Abigail Disney, Roy O, Donald Trump, Lloyd Doggett, Jane Fonda, Kamala Harris, she'd, quibbling, Gideon Stein, he's, Stein, I've, Karla Jurvetson, Jurvetson Organizations: U.S, Supreme, Republican, White, Democratic Party, Walt Disney Company, CNBC, Trump, New York Times, Sienna, Representatives, Disney, Biden, Democratic, FEC Locations: Washington , U.S, Texas

☆ We're taking profits in this beer maker and buying more of our newest stock
▼ + stars: | 2024-07-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Constellation Brands shares are getting a boost in pre-market trading Wednesday after reporting its first-quarter results. As we called out in our initial trade alert, Nextracker is a highly volatile name that is sensitive to interest rates and government policy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jim Cramer's, We've, Donald Trump, Jim Cramer, Jim Organizations: Constellation Brands, NXT, Constellation Beer, Susquehanna, Meta, Microsoft, Google, Jim Cramer's Charitable, CNBC Locations: Nextracker, United States

Learn moreThe 4th of July sales and deals are officially underway, and what could be more patriotic than stocking up on some products made in the USA? Whether you're ready to drop some major cash or you're just looking to browse some knickknacks, we've got you covered. Brands like Zippo, Igloo, and Brooklyn Bedding all carry multiple American-made products, and we've highlighted some of the best. Don't forget to check out our massive roundup of the best 4th of July sales from products made around the world, too. It's pre-seasoned for convenience, and this brand regularly features in our guide to the best cast iron skillets.

Persons: we've, Buddy Organizations: Business, Brands, Weber, Purple, Walmart Locations: USA, American, Brooklyn

☆ Vice President Kamala Harris' past donors privately strategize in case Biden drops out
▼ + stars: | 2024-07-03 | by ( Brian Schwartz | ) www.cnbc.com time to read: +8 min

U.S. Vice President Kamala Harris gives the commencement address at the commencement ceremony for graduates of the U.S. Air Force Academy in Colorado Springs, Colorado, U.S., May 30, 2024. There's also discussion among Harris confidants about the need to begin scheduling meetings for the vice president with some of the biggest donors in the Democratic Party if Biden drops out, these people explained. A White House spokeswoman for Harris and Biden campaign representatives did not return requests for comment. "To be clear, Vice President Harris is a badass. PredicIt, which allows people to make bets on political events, now puts the vice president in a close second to Biden.

Persons: Kamala Harris, Harris, Julie Chavez Rodriguez, Biden, Joe Biden, There's, Harris confidants, Donald Trump's, Bill Barr, Jeff Sessions, Brett Kavanaugh, Trump's, Kamala, Trump, Dmitri Mehlhorn, Reid Hoffman, Mark Kelly, Andy Beshear, Roy Cooper, Josh Shapiro, Andrew Bates, Susan Lowenberg's, there's, Lloyd Doggett, Nancy Pelosi, Jim Clyburn, Pelosi, PredicIt, PredictIt, Gavin Newsom Organizations: U.S . Air Force Academy, Commission, Democratic National Convention, Biden, Democratic, White, Democratic Party, Black, Ukraine, Trump, CNBC, New York Times, CNN, NBC News, San Francisco, Former, MSNBC, California Gov Locations: Colorado Springs , Colorado, U.S, Chicago, Germany, Iowa, California, San Francisco, Texas

☆ Private payrolls grew by just 150,000 in June, less than expected
▼ + stars: | 2024-07-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Private payroll growth edged lower in June, according to a report Wednesday from ADP that indicates a potential slowdown in the U.S. labor market. Companies added 150,000 jobs for the month, below the upwardly revised 157,000 in May and the Dow Jones consensus estimate for 160,000. The sector added 63,000 jobs, easily the biggest gain among the categories that payrolls processing firm ADP measures. ADP's report serves as a precursor to the more closely watched nonfarm payrolls count that the Labor Department will release Friday. For May, the BLS reported that private payrolls rose by 229,000, or 72,000 more than ADP's estimate.

Persons: Dow Jones, Nela Richardson, Job switchers Organizations: Companies, Labor Department, ADP, of Labor, BLS Locations: U.S

☆ Opinion: Will Britain’s widely expected next Labour prime minister, Keir Starmer, be the heir to Tony Blair?
▼ + stars: | 2024-07-03 | by ( Opinion Philip Collins | ) edition.cnn.com time to read: +7 min

In its 118 years of existence, the Labour Party has been in power for only 33 years. Since the Second World War, Labour has had only three election winners — Clement Attlee, Harold Wilson and Tony Blair. Newly elected British Prime Minister Tony Blair is greeted by a sea of well-wishers in Downing Street, on May 2, 1997. Rebecca Naden/PA/APIn 1997 Tony Blair had been leader of the Labour Party for three years and had never been behind in the opinion polls. Britain's current Labour leader, Keir Starmer with former Labour leaders and prime ministers Tony Blair and Gordon Brown during a reception for King Charles III, in September 2022.

Persons: Philip Collins, Tony Blair, Read, CNN —, — Clement Attlee, Harold Wilson, Sir Keir Starmer, Tony Blair’s, Margaret Thatcher, Boris Johnson, Blair, Adam Butler, Noel Gallagher, Rebecca Naden, Neil Kinnock, John Smith, Philip Collins Starmer, Kinnock, Smith, Starmer, Jeremy Corbyn, Boris Johnson’s, Keir Starmer, Gordon Brown, King Charles III, Brown, Blair's, Kirsty O'Connor, Bury, – Organizations: CNN, CNN — Britain’s Labour Party, Labour Party, Labour, Conservative Party, Conservative, Conservatives, British, Blair's Labour Party, British Prime, Oasis, New Labour, Boris Johnson’s Conservative Party, Getty, Bury, Twitter, Facebook Locations: British, Downing, Bury, England –, Britain

☆ AI will power the S&P 500 another 27% higher before peaking next year, research firm says
▼ + stars: | 2024-07-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Enthusiasm for AI will drive the S&P 500 to 7,000 by next year, Capital Economics forecasts. The firm says AI is a market bubble that will inflate through 2025. 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 . While the AI market mania has drawn comparisons to the 2000's dot-com bubble, some have dismissed the analogy, noting that today's AI benefactors are nowhere near as overvalued as early internet counterparts.

Persons: —, Neil Shearing, Shearing, MIT's Daron Acemoglu, Goldman Sachs Organizations: Service, Capital Economics

☆ Stock market today: US stocks edge up as traders mull cooler private payroll data
▼ + stars: | 2024-07-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks were slightly higher on Wednesday after the latest private payroll report. Private payrolls rose 150,000 jobs last month, fewer than expected. Markets are looking ahead to the June nonfarm payroll report as the next key data point. AdvertisementUS stocks ticked higher on Wednesday as traders took in softer-than-expected jobs data. ADP data showed private payrolls grew just 150,000 last month, less than the 160,000 jobs economists expected.

Persons: payrolls, —, Nela Richardson Organizations: Service, Nasdaq, ADP, Federal Reserve, Independence

☆ They set off around the world on a motorcycle and ‘fell off many times.’ Now they’re in the record books
▼ + stars: | 2024-07-02 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +11 min

We didn’t know whether we’d get to the end.”Record-setting journeyOllie Gamblin and Lavi Scholl have set the record for the youngest duo to circumnavigate the globe by motorbike. Keen to take things further, the couple began planning a cycling trip around the world. The couple, known as “Lavi and Ollie” were loaned a Suzuki V-Strom 1050XT by UK dealership Motorcycle World, and Gamblin says he fell over while riding out of the parking lot. “That was really, really challenging for me,” Scholl says. They plan to head off on a UK-based riding trip so that Scholl can improve her motorcycle skills.

Persons: CNN —, Lavi Scholl, Ollie Gamblin, ”, we’d, Oliver Gamblin, “, Scholl, Gamblin, Keen, Lavi, Ollie ”, Suzuki, Strom 1050XT, Ollie, hadn't, Oliver Gamblin “, “ We’ve, ” Scholl, they’d, Elvis, ” “, Oliver Gamblin Gamblin, who’d Organizations: CNN, CNN Travel, ”, Las Vegas, Guinness World Records, UK, Google, Geographic, YouTube Locations: Morocco, Argentina, Mongolia, Las, Australia, New Zealand, Germany, England, London, “, Russia, Ukraine, France, Spain, Senegal, Brazil, South America, Bolivia, Peru, Chile, Ecuador, Colombia, Panama, North America, Las Vegas, ”, Canada, Seoul, South Korea, Vladivostok, gers, Central Asia, Kazakhstan, Europe, Dover

☆ This bank just boosted its 1-year CD yield to more than 5%, even as traders await Fed rate cuts
▼ + stars: | 2024-07-02 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Marcus' yield hike places it in an exclusive group of financial institutions continuing to offer rates in the 5% range on deposits. Citizens Access and Capital One Financial each offer a 1-year CD that yields 5%, while Sallie Mae offers a 5.15% APY. Bread Financial is at the top of the heap, with an APY of 5.25% on a 1-year CD. Indeed, LendingClub recently slashed its 1-year CD APY to 4.2%, reflecting a cut of 95 basis points, Caintic found. For instance, investors may forfeit some interest if they "break" their CD ahead of maturity, which makes these funds less liquid compared to money market funds.

Persons: Marcus, Goldman Sachs, BTIG, Sallie Mae, Vincent Caintic, LendingClub, Caintic Organizations: Reserve, BTIG Locations: LendingClub

☆ US job openings unexpectedly grew in May, reflecting a still resilient labor market
▼ + stars: | 2024-07-02 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

CNN —The number of available jobs in the US unexpectedly grew in May, signaling continued resilience in the nation’s labor market. Job openings jumped higher to 8.14 million in May, from a downwardly revised 7.91 million in April, according to the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) report released Tuesday. While both hires and job openings rates (as a percentage of total employment) ticked higher for May, the quits rate and layoffs rate were unchanged. The labor market appears to be at a crossroads, Nick Bunker, Indeed Hiring Lab’s head of economic research, wrote in commentary posted Tuesday. But some Fed officials have noted that the job market has lost momentum recently and that it’s highly unclear whether it will continue to hold steady or weaken further.

Persons: Economists, “, ” Robert Frick, switchers, David Tinsley, Nick Bunker, ” Bunker, ”, you’ve, Austan Goolsbee, ” Marisa DiNatale Organizations: CNN, Bureau of Labor Statistics ’, Labor, Navy Federal Credit Union, Industries, Bank of America, Bank of America Institute, “, Federal Reserve, Chicago Fed, Bloomberg, European Central Bank, Moody’s, Labor Statistics Locations: Sintra , Portugal

☆ Former Outback Steakhouse employees share the best things to order — plus what to skip
▼ + stars: | 2024-07-02 | by ( Pascale Mondesir | ) www.businessinsider.com time to read: +7 min

"I don't think I ever had a customer send one back for being too tough, too marbled, or being unsatisfied with it," she told BI. Related stories"I've never had another salad like it — it's sweet, salty, and amazing," Lee told BI. "The best dessert to order from the menu was Thunder and Lightning because it featured chocolate, strawberries, and more chocolate," she told BI. "Most of the customers ordered these three to five times during a shift," he told BI. AdvertisementShe told BI that most of the time, people sent it back to the kitchen.

Persons: —, Eric Bush, Michaela Mutell, Audria Lee, Irene Jiang, Mutell, Lee, Montell, I've, Bush, Oliver Tsang, fryer, Sydney Shrooms, Lee wasn't Organizations: Service, Business, Down, South China Morning, Getty, Sydney, Outback, Toowoomba Locations: American, Texas, New York, South

"We see softness in data — permits, starts, sales and prices all recently below expectations — potentially continuing in 2H," the analyst wrote. The bank initiated the health care tech stock with an overweight rating and a December 2025 price target of $24. "Waystar is a vertical, cloud-based software company focused on automating, digitizing, and enhancing revenue cycle management functions," wrote analyst Anne Samuel. Analyst Daniel Politzer reiterated his overweight rating on the casino and resort stock but lowered his price target to $58 from $60. The analyst wrote that he sees "the current valuation as an attractive entry point into what we view as one of the most durable companies in our coverage."

Persons: Piper Sandler, Mizuho, Piper Sandler downgrades CrowdStrike Piper Sandler, Rob Owens, Owens, CrowdStrike, Lisa Kailai Han, downgrades Goldman, Jim Mitchell, Goldman Sachs, Mitchell, Goldman, — Jesse Pound, Brandt Montour, Montour, VIK, — Hakyung Kim, Anthony Pettinari, Pettinari, — Lisa Kailai Han, Guggenheim, Tesla, Ronald Jewsikow, Keith Gill, Gill, he's, Kitty, Musk, Jewsikow, Waystar, Anne Samuel, Samuels, Jessica Reif Ehrlich, Ehrlich, Wells, Daniel Politzer, Politzer, GGR, WYNN est's, —, Mizuho Mizuho, James Lee, Lee, Fred Imbert Organizations: CNBC, Seaport, of America, downgrades Goldman Sachs Seaport Research, Bank of America, Barclays, Viking Holdings, American Baby Boomers, Citi, Federal, Securities and Exchange Commission, JPMorgan, Nasdaq, Spotify, Spotify Technology, Las Vegas, Vegas, Macau GGR, Intelligence, Amazon Locations: Amazon, SIEM, Lennar, 2H, Chewy, Europe, China, Las, Las Vegas Sands, Macau, Bay Sands, Singapore, Atlassian, Monday's

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