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☆ Meet the brash lawyer that everyone from Eric Adams to Alec Baldwin and Elon Musk turns to in a crisis
▼ + stars: | 2024-09-27 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

Alex Spiro, a high-profile lawyer, is representing Mayor Eric Adams as he battles criminal charges. He's defended both Elon Musk and Alec Baldwin. The litigator is bringing his hard-charging tactics to the federal criminal case against New York City Mayor Eric Adams. The manslaughter case against Baldwin was shockingly dropped earlier this year after Spiro argued that prosecutors hid key evidence before trial. Read the full profile of Alex Spiro here.

Persons: Alex Spiro, Eric Adams, Spiro, He's, Elon Musk, Alec Baldwin, —, Adams —, Adams, Jack Newsham, who's, Jay, Robert Kraft, Thabo Sefolosha, he's, cocounsels, Baldwin, Newsham, Alex, Randy Zelin, Zelin Organizations: Elon, Business, Service, New York City, New York Police Department, Prosecutors, Turkish Airlines, BI, Harvard Law, New England Patriots, NBA, Cornell Law School Locations: New

☆ The market may be getting too comfortable heading into a historically scary month
▼ + stars: | 2024-09-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

This signal comes as the S & P 500 trades at all-time highs, boosted by a shift in Federal Reserve policy. The Fed earlier this month cut interest rates by a half percentage point, the first easing of policy in more than four years. Wall Street sees further reductions ahead, too. The Cboe Volatilty Index spiked north of 23 earlier this month, as worries over the U.S. economy weighed on sentiment. Elsewhere on Wall Street this morning , Morgan Stanley upgraded Wynn Resorts to overweight from equal weight.

Persons: Wolfe, Janney Montgomery Scott, Dan Wantrobski, Wantrobski, Morgan Stanley, WYNN's Organizations: Federal, Wynn Resorts Locations: U.S

☆ Wall Street braces for a turbulent October with jobs report on deck next week
▼ + stars: | 2024-09-27 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Both the Dow Jones Industrial Average and S & P 500 have broken out to new highs this month. BTIG chief market technician Jonathan Krinsky asked this week, referring to the S & P 500. The S & P 500 had risen more than 5%, while the tech-heavy Nasdaq Composite was higher by more than 1%. For the S & P 500, those levels represent declines of about 6% to 9%, as of Thursday's close. Initial Claims (09/28) 9:45 a.m. PMI Composite final (September) 9:45 a.m. S & P PMI Services SA final (September) 10 a.m.

Persons: Jonathan Krinsky, Dow, Adam Turnquist, LPL Financial's Turnquist, Jeff Hirsch, he's bullish, Hirsch wouldn't, Lamb Weston, Nonfarm Payrolls, —, Nick Wells Organizations: Federal, Dow Jones Industrial, Dow, CNBC, Nasdaq, LPL, Chicago PMI, Dallas Fed, PMI, Manufacturing, Nike, McCormick, ADP, PMI Services SA, Services PMI, Constellation Locations: Europe, U.S, Chicago

☆ A 37-year-old nurse got unusually short of breath on a hike. She had stage 4 lung cancer.
▼ + stars: | 2024-09-27 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

Lung cancer is rare in people under 45, but more women who have never smoked are developing the disease. She was young, healthy, and never smoked so was shocked when she was diagnosed with lung cancer. Although CDC data suggests rates of cigarette smoking, which is the leading risk factor for lung cancer in the US, have declined significantly over the last few decades, rates of non-smokers getting lung cancer are rising. Doctors quickly identified she had stage four, non-small cell lung cancer, which had spread to her pelvis, right femur, and cervical spine. She and her husband started Ten for Ten Million to raise funds for research at the MD Anderson Cancer Center.

Persons: Tiffany Job, —, wouldn't, Job, KLC Lung, she'd, KLC Organizations: Service, American Cancer Society, CDC, Oncology, University of Texas, Anderson Cancer Center, cramp Locations: Texas

☆ Watch these warning signs for a potential peak in the stock market's long-term bull rally, NDR says
▼ + stars: | 2024-09-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The secular bull market, which began in 2009, is in a mature stage according to NDR's Tim Hayes. "With the secular bull mature, we're watching out for signs that it may be at risk," he said. AdvertisementWith the S&P 500 in its 15th year of a secular bull market that started in 2009, Ned Davis Research says investors should watch for warning signs of a potential peak. The first warning sign of a near-term peak in the stock market is worsening breadth among the underlying issues of the US stock market. And a rebound in inflation, coupled with rising interest rates, would be an unwelcome warning sign for the current bull rally in stocks.

Persons: Ned Davis, Tim Hayes, —, Hayes Organizations: Ned Davis Research, Service, NDR

☆ 10 things to watch in the stock market Friday including a bullish call on Best Buy
▼ + stars: | 2024-09-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We raised our price target on the stock. Best Buy was added to JPMorgan's analyst focus list after a meeting with the electronics and appliance retailer's management team. Deutsche Bank restarted coverage of Dell Technologies with a buy rating and price target of $144 a share. 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.

Persons: Bristol Myers, Morgan Stanley, Wynn, Jim Cramer, Dan Ives, Jim Cramer's, Jim Organizations: Club, Costco, Drug Administration, Bristol, Bristol Myers Squibb, Wynn Resorts, United Arab, Citigroup, Analysts, Walmart, Deutsche Bank, Dell Technologies, PepsiCo, HP Inc, Bank of America, HP, Wedbush Securities, Jim's, Jim Cramer's Charitable, CNBC Locations: what's, New Jersey, Las Vegas, United Arab Emirates, China, Macau

China's industrial profits plunged by 17.8% in August from a year ago, the National Bureau of Statistics said Friday. Industrial profits covers factories, mines and utilities in China. Sluggish domestic demand, a prolonged housing downturn and rising unemployment have weighed on the world's second largest economy. In August, China's industrial activity, retail sales and urban investment all grew slower than expected, with retail sales rising by barely more than 2% and industrial production by 4.5% from a year ago. The urban unemployment rate was 5.3% in August, an uptick from 5.2% in the previous month.

Persons: China's, Xi Jinping, Pan Gongsheng Organizations: National Bureau of Statistics, People's Bank of China Locations: China's, Jiangsu, China, Beijing

☆ A $28 trillion problem is about to get much worse. Harris and Trump are ignoring it
▼ + stars: | 2024-09-27 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

But now, as the dangers of a widening deficit and mounting debt grow, former President Donald Trump and Vice President Kamala Harris are making little effort to address it. A budget deficit occurs when a country’s spending exceeds what it collects in revenue, primarily through taxes. The deficit is expected to widen under the status quo and could get even worse under proposals by both Harris and Trump, if enacted. During the Trump-Harris presidential debate earlier this month, the budget deficit was mentioned just twice, when Harris jabbed Trump for his proposals, which are expected to add considerably more to the deficit than hers. In the 2021 fiscal year, during which Trump left office, the country ran a $2.8 trillion deficit.

Persons: Donald Trump, Kamala Harris, Harris, Trump, Jerome Powell, “ It’s, ” Powell, Harris jabbed Trump, ”, Maya MacGuineas, “, Barack Obama, we’ve, I’ve, Obama, Mitt Romney, ” Obama, Romney, Hillary Clinton, Powell, MacGuineas, There’s, Kent Smetters, aren’t Trump, Smetters, aren’t Organizations: New, New York CNN, White, Trump, Republican, Democratic, Congressional, CNN, University of Pennsylvania’s Wharton School, Penn Wharton Budget, ”, Republicans, Democrats, “ Locations: New York, China, Japan

☆ Best Buy gets a big Wall Street endorsement that's in-line with why we own the stock
▼ + stars: | 2024-09-27 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Despite Thursday's gains, Wells Fargo shares are having a tough month. 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, Stanley Black, Decker, Wells Fargo, Wells, Morgan Stanley, Jim Cramer's, Jim Organizations: CNBC, Treasury, JPMorgan, Wells, Bloomberg, Fed

☆ Asking this question on a first date is 'socially unacceptable,' dating coach says
▼ + stars: | 2024-09-27 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

In her three years as a dating coach Kelsey Wonderlin has learned that the majority of the 200 people she's counseled care about how much their potential mate earns. Evaluating a person based on their salary might seem shallow, but how someone spends their money can be a bellwether of their priorities. However, outright asking how much a person makes on a first date is not the right way, or the right time, to figure out if you two align on how you handle money. "On a first date that would be a socially unacceptable question to ask," Wonderlin says. "It's an unrealistic viewpoint that if someone makes this certain number everything will be great," Wonderlin says.

Persons: Kelsey Wonderlin, she's, Wonderlin

☆ 32-year-old gave up on buying a home in LA after mortgage costs surged: 'Even a modest condo costs close to $1 million'
▼ + stars: | 2024-09-27 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

When Jonathan Ochart moved from San Antonio to Los Angeles in 2023 to grow his public relations business, he figured he'd buy a condo. But that's only one of the reasons he's priced out of the Los Angeles County market, even for a smaller place. In LA, "even a modest condo costs close to $1 million," he says. Jonathan Ochart gave up on buying a condo in Los Angeles. Courtesy of Jonathan OchartBy early 2024, Ochart had given up on the idea of buying a condo in Los Angeles altogether.

Persons: Jonathan Ochart, Ochart, you've Organizations: CNBC, U.S . Census Locations: San Antonio, Los Angeles, Texas, Angeles County, Ochart's, Beverly Hills, LA, San Jose , New York, Boston, LA County, U.S

☆ 5 signs someone will be a nightmare to divorce, according to a divorce lawyer
▼ + stars: | 2024-09-27 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

A divorce lawyer said the person you marry is exactly who you'll divorce. "You divorce exactly the person you married," James J. Sexton, a divorce attorney in New York City, told Business Insider. "All you need is one unreasonable person in this equation and you're going to have an ugly divorce," Sexton said, whether it's your partner or the lawyer they hired. AdvertisementFrom his experience as a divorce attorney, Sexton shared some signs a partner will be unpleasant in divorce court. "But just remember when you divorce that person, they're not conflict-avoidant," he added.

Persons: —, James J, Sexton, They're, he's, I'm, He's Organizations: Service, Finance Locations: New York City

☆ A super-rare bullish signal with a perfect track record just flashed in the stock market, suggesting another year of record highs
▼ + stars: | 2024-09-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A rare bullish signal with a perfect track record flashed in the stock market this week. This signal has flashed 28 times since 1962, with the S&P 500 averaging 15% returns one-year later. AdvertisementAn ultra-rare bullish signal with a perfect track record flashed in the stock market this week, suggesting another year of record highs ahead. Advertisement"Similar improvements in market breadth resulted in a 96% win rate over the following year," Christians said in a note to clients on Tuesday. But the signal has a perfect win rate when it flashes while the stock market is at or near record highs, as it did this week.

Persons: —, McClellan, SentimenTrader, Dean Christians, that's Organizations: Service

A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. The U.S. currently maintains the largest nuclear fleet in the world with 94 operational reactors totaling about 100 gigawatts of power. The U.S. needs to add 200 gigawatts of nuclear, Goff told CNBC in an interview. "A lot of the data centers are coming in and saying they do need firm, 24/7, baseload clean electricity," Goff said. But restarting reactors in the U.S. will only provide a small fraction of the nuclear power that is needed, he said.

Persons: Mike Goff, Goff, Goldman Sachs Organizations: American Electric Power, of Nuclear Energy, Department of Energy, U.S, CNBC, Bank of America, Constellation Energy, Microsoft Locations: Winfield , West Virginia, U.S, New York City

☆ 36-year-old’s Etsy side hustle brings in $220,000 a year—and costs under $40 to start: ‘You really can make a very good living’
▼ + stars: | 2024-09-27 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

She started a print-on-demand shop, using Canva software to create designs for Etsy-friendly products like T-shirts and candles. Last year, Odio-Sutton opened a second Etsy shop — selling downloadable event materials, like sign-up sheets and schedule templates — that's brought in $17,200 in sales so far in 2024. I'll batch design 10 candle labels one day, then make the listings for them on Etsy the next day. I follow what I'd call a template method: I do a lot of black-and-white designs, a lot of plain text. Then, if I have a template that sells really well, I'll just go in and swap in new words.

Persons: they've, Emily Odio, Sutton, She'd, She's, that's, —, I'm Organizations: CNBC, Gold City Ventures Locations: Melbourne , Florida, Sutton, Odio, U.S

☆ Israel went after Hezbollah's leader in a powerful strike on its headquarters. His fate is still unknown.
▼ + stars: | 2024-09-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Israel said Friday that it carried out a strike against Hezbollah's headquarters in Beirut. Israel has increasingly targeted top Hezbollah officials and operatives over the past week, but killing its leadership would be a significant and dramatic escalation. Rear Adm. Daniel Hagari, a spokesperson for the Israeli military, said that the headquarters struck Friday was located underneath residential buildings in Dahieh, a Beirut suburb. AdvertisementIsrael has not publicly acknowledged that it specifically targeted Nasrallah, nor has it commented on his status. Hours after the earlier strikes against Hezbollah's headquarters, the Israeli military said that it was carrying out additional strikes on Hezbollah weapons storage facilities in Beirut.

Persons: Israel, Hassan Nasrallah, —, Hezbollah's, Nasrallah, Daniel Hagari, Defense Lloyd Austin Organizations: Hezbollah's, Service, CNN, Reuters, Pentagon, Defense, Israel, IAF, Hezbollah Locations: Beirut, Iran, Israel, Dahieh, Lebanon

☆ This House Democrat is backing Trump's 10% tariff plan — and he even has a bill to get it done
▼ + stars: | 2024-09-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Trump's plan for a 10% tariff on all imports has been panned by Democrats and Republicans alike. Vice President Kamala Harris has even called it the "Trump Sales Tax." Vice President Kamala Harris has characterized the plan as the "Trump Sales Tax." Despite that, a rebellious House Democrat just introduced a bill that would write those tariffs into law. A self-described "progressive conservative," the Maine Democrat frequently votes for Republican-led resolutions and bills in Congress.

Persons: Kamala Harris, Jared Golden of, —, Donald Trump's, Mitch McConnell, Jared Golden, Golden, It's, Trump, Biden —, he's, Austin Theriault Organizations: Republicans, Democratic, Service, Trump, Democrat, Labor, Trade, United States of, Maine Democrat, Republican, GOP Locations: Jared Golden of Maine, United States, Maine, United States of America

☆ Dominick Dunne, the crime journalist central to Netflix's drama "Monsters: The Lyle and Erik Menendez Story," had a life worthy of a biopic. Here's what to know.
▼ + stars: | 2024-09-27 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +7 min

Former Vanity Fair reporter Dominick Dunne is central to "Monsters: The Lyle and Erik Menendez Story." Dunne's theories about the Menendez brothers' motives are featured in the series. Dominique Dunne was Dunne's youngest child, and her death turned him into a crime reporterValerie Harper and Dominique Dunne in 1981. He covered several more high-profile cases on top of the Mendedez brothers' trial in 1993. "Monsters: The Lyle and Erik Menendez Story" is available to stream on Netflix.

Persons: Dominick Dunne, Lyle, Erik Menendez, Menendez, Dunne, —, Erik Menendez's, Ryan Murphy, Ian Brennan's, Kitty Menendez, Nathan Lane, wasn't, Tammi Menendez, Murphy, Joan VanderMolen, o7KEOEoYwr — Tammi Menendez, It's, Dominique Dunne, Valerie Harper, Lee Green, Ellen Griffin, Dunne's, Dominique, John Thomas Sweeney, Sweeney, Slate, Anthony Pellicano, Pellicano, Dominick, Jimi Celeste, Patrick McMullan, Phil Spector's, CourtTV, Dominick Dunne's Power Organizations: Service, Netflix, Variety, Business, American Broadcasting Companies, Getty Locations: Hollywood

☆ A Russian teen got 15 years in prison for donating crypto to a pro-Ukraine paramilitary unit: report
▼ + stars: | 2024-09-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

A Russian teen was given 15 years for donating to the Freedom of Russia Legion, local media reported. AdvertisementA Russian 19-year-old was sentenced to 15 years in prison for donating to a pro-Ukrainian paramilitary unit, independent outlet Mediazona reported. Russian daily Kommersant reported at the time that the teen had tried sending the funds via cryptocurrency. Yakovlev isn't the first Russian citizen to be sentenced to over 10 years in prison for donating to pro-Ukraine groups. AdvertisementIn August, 33-year-old amateur ballerina Ksenia Khavana was reported by Russian media to have been sentenced to 12 years in prison for donating $51 to a charity supporting Ukraine.

Persons: Danila Yakovlev, —, Yakovlev, Ksenia Khavana, Vladimir Putin Organizations: of Russia Legion, Service, Kremlin, Kommersant, Russian, Eastern Locations: Siberia, Ukrainian, Biysk, Altai Krai, cryptocurrency, Russia's, Russian, Ukraine

☆ Using options to trade an index that's become a swing trader's dream
▼ + stars: | 2024-09-27 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Although it is very volatile and exhibits wild swings, in the 1-year daily chart shown below, it becomes evident how confined its movement is within a well-defined trading range. Whenever it breaches one of these levels, it quickly stabilizes in a new trading range. Based on this analysis, I am considering a bearish set-up while keeping the top of its current trading range in mind. The trade Given the bearish outlook, I'm using a call credit spread as my trade structure. If the index stays below $2,260 by the expiration date, the trade will yield an ROI of 42% on the capital risked.

Persons: Russell, Nishant Pant Organizations: CNBC, NBC UNIVERSAL

☆ This old-line industrial stock is making a classic bearish-to-bullish reversal, says Carter Worth
▼ + stars: | 2024-09-27 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +2 min

Old-line hand tools manufacturer Stanley Black & Decker (SWK) , founded in 1843, is a fallen champion that's judged to be making a comeback. Its chart pattern qualifies as a "bearish-to-bullish" reversal buy. The chart pattern at present is judged to be a "bearish-to-bullish" reversal buy, with the completion of the bottoming-out process implying a move to the $130+/- level. -Carter Braxton Worth For actionable recommendations via email and live nightly videos become a member at worthcharting.com . BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Stanley Black, Decker, that's, SWK, Carter Braxton Worth Organizations: CNBC, NBC UNIVERSAL

☆ EEOC says Globe Life "created, condoned" a work environment that is hostile and abusive to women
▼ + stars: | 2024-09-27 | by ( Susan Antilla | ) www.businessinsider.com time to read: +10 min

Federal agency finds Globe Life tolerated nonconsensual touch, unwelcome genital exposure, sexual quid-pro-quos at top agency. EEOC says agents at the Globe Life agency were employees, not contractors. Equal Employment Opportunity Commission has found that Globe Life tolerated a "pervasive pattern of harassing conduct" against women at one of its top-producing sales agencies. American Income Life is one of five wholly owned subsidiaries of Globe Life that sell life, accident, and supplemental health insurance. Globe Life disclosed that risk in its filing this morning with the SEC and said it would fight any such lawsuit vigorously.

Persons: EEOC, —, Arias, Mark P, Carey, Renee Zinsky, Michael Russin, she'd, Zinsky, AIL, Sarah Reay, Matthew D, Trina Orlando, Anne Rose Dana, King, Jennifer Haworth, Simon Arias, partied, marshaling, Globe, Panda, Wilmer Hale, Matt Darden, Abeni Mayfield, Department of Justice —, Deborah A, Kane, Amy Williamson Organizations: Globe Life, Service, Commission, Business, BI, Globe, Arias Organization, Securities and Exchange Commission, Wexford, King & Spalding, Las, Department of Justice, Research, SEC Locations: Southport , Connecticut, Wexford, Pennsylvania, Morgantown , West Virginia, Las Vegas, Columbia , Maryland, Pittsburgh

☆ I'm 58 and work as a nanny. I wish I could be as present with my own grandchildren.
▼ + stars: | 2024-09-27 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

Sharon Binkey is a part-time nanny with a degree in early childhood education. Binkey, 58, says she'd love to babysit her six grandkids but is estranged from her daughters. AdvertisementThis as-told-to essay is based on a conversation with Sharon Binkey, 58, a part-time nanny and book author from Pittsburgh. AdvertisementI have a real rapport with children and became a nanny about a decade and a half ago. I'm a nanny for a couple I met in churchChildren are — and have always been — my world.

Persons: Sharon Binkey, —, Gary, hadn't, they'd, I'd, they're, hasn't Organizations: Service, Business Locations: Pittsburgh, Boston

Angelina Madut by that time had noticed people in a vehicle nearby – the journalists, including former HLN meteorologist Bob Van Dillen. Van Dillen spotted her. I gave her my shirt,” Van Dillen told his colleagues, according to the video. As far as she’s concerned, a shaken Madut told CNN, Van Dillen saved her life. Later, after her husband arrived, Van Dillen advised him not to drive toward the overtopped creek, to go another way instead.

Persons: Angelina Madut, Madut, Helene, Ernest, “, ”, ” “, ” Ernest Madut, –, Bob Van Dillen, ” Ernest, Angelina, Van Dillen, clasped, ” Angelina Madut Organizations: Atlanta CNN, CNN, Fox Weather, Fox Locations: Atlanta, Buckhead, Peachtree

☆ Morgan Stanley raises its price target for a Chinese tech giant it calls a ‘safe haven’
▼ + stars: | 2024-09-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Of all Chinese internet stocks, one company has the "best risk-reward" for investors, Morgan Stanley says. Morgan Stanley raised its price target for Tencent from 450 Hong Kong dollars to 480 Hong Kong dollars ($57.80 to $61.70). Its shares have jumped since mid September, from about around 374 Hong Kong dollars to the current 424 Hong Kong dollars. As for its games unit, Morgan Stanley says the firm will enjoy "near-term catalysts," adding that there will be a "robust" pipeline, with its evergreen games set to continue netting growth. It estimates Tencent's games revenue growth could rise 13% and 10% year on year in the second half this year and in 2025, respectively.

Persons: Morgan Stanley, Tencent, there's, — CNBC's Michael Bloom Organizations: Hong Locations: Hong Kong, Alibaba

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