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Read previewYou don't need to know a lot about tornadoes to understand the massive storms you'll see on screen in the new film "Twisters," debuting in US theaters Friday. 22 science terms to know before seeing 'Twisters'Cap: A layer of warm air thousands of feet high in the atmosphere that can slow or stop the formation of a thunderstorm. Sandwiched between warm, moist air and cold, dry air, the cap can also increase instability and cause a severe storm if it's removed. Eric Kurth/NOAADoppler radar: The National Weather Service's Doppler radars look like they have giant golf balls sitting on top of them. Recent research suggests severe storm activity is shifting to states like Alabama, Arkansas, Kentucky, Louisiana, Mississippi, and Tennessee.
Persons: , Eric Kurth, Ted Fujita, Paul Huffman, Sakuhei Fujiwhara, Matthew Cappucci, it's, Paul Markowski, Yvette Richardson, Joseph, Louis Lagrange, Sean Waugh Organizations: Service, Business, The Washington Post, NOAA, Tornadoes, NWS, FEMA, NASA, Federal Emergency Management Agency, National Aeronautics and Space Administration, Oceanic, Atmospheric Administration, National Weather Service, Library, Laboratory Locations: Elkhart , Indiana, Oklahoma, It's, Norman , Oklahoma, Kansas, Kansas , Nebraska , Oklahoma, Texas, Alabama , Arkansas , Kentucky, Louisiana , Mississippi, Tennessee
UNH 1M mountain UnitedHealth stock over the past month. Think Centene , Molina Healthcare , UnitedHealth and Humana , among others. Managed-care companies historically buck the broader trend of health stocks and outperform in the first year after an election, according to Raymond James. Unlike UnitedHealth, shares have fallen — down 3% — since the June debate. Raymond James sees Oscar Health , HCA Healthcare and Tenet Healthcare as beneficiaries of a victory by the left.
Persons: Raymond James, Chris Meekins, Donald Trump, Joe Biden, quieted, Biden, Meekins, Centene, Trump, Bernstein, Jefferies, David Windley, UnitedHealth, Ben Hendrix, Optum, John Ransom, Piper Sandler, Ransom, Lance Wilkes, Oscar, — Ransom, Oscar's Organizations: Affordable, Trump, UnitedHealth, Republican, Biden, GOP, Federal Trade Commission, Department of Justice, ACA, Medicare, Molina Healthcare, RBC Capital Markets, CVS Health, RBC Capital, DOJ, Humana, Healthcare, GoodRx Holdings, Democratic, Oscar Health, Tenet Healthcare, Aetna Locations: Molina, UnitedHealth, U.S, Thursday's, Florida, Texas
Donald Glover is retiring Childish Gambino
  + stars: | 2024-07-18 | by ( Lisa Respers France | ) edition.cnn.com   time to read: +2 min
And the actor and writer has made one in deciding to retire his musical alter ego, Childish Gambino. “It’s not fulfilling,” he told the New York Times in a recent interview. Glover has been open in the past about trying to find his tribe in both comedy and music. Two years later, his song “This Is America” became a protest anthem and won him multiple Grammys, including song and record of the year. Around that same time, Glover both lost his father and welcomed his second child, something that made him more reflective.
Persons: Donald Glover, Childish Gambino, “ It’s, , , he’s, “ Bando Stone, Glover, Sam Smith, ” Glover, Atlanta ”, I’m, ’ ”, doesn’t, Gambino Organizations: CNN, New York Times, BET, Atlanta
Instead of getting a young company with a lot of growth ahead, IPO investors are getting stocks that are already near the top of their valuations, Morgan Stanley argues. Experts say that despite barriers to investment — like high net worth standards and regulatory scrutiny — the shift to private markets is hard to stop. Deepwater offers venture capital funds that provide access to private market companies at early stages. To be sure, novice investors face hurdles exploring private markets, including steep fees and the lack of a public exchange investment vehicle. He added that public markets are still ripe with opportunity and shouldn't be ignored for the sake of private market investing.
Persons: Morgan Stanley, Edward Stanley, That's, Stanley, who's, Gene Munster, Paul Meeks, Meeks, Munster, shouldn't Organizations: Asset Management, Piper, Deepwater, Management, Federal Locations: Snowflake, Airbnb, London, Munster
At first glance, The Crosby, an apartment building that opened in 2020 in Los Angeles’ Koreatown neighborhood, seems like a typical luxury high-rise. And most office buildings have central air conditioning, so the system needs to be replaced with individual cooling and heating systems for each unit. “Only about 15% of office buildings here in the markets that we’re based in are potentially good candidates for office-to-housing conversions,” Sherman said. While that may initially seem like a positive, apartment units need to have access to windows facing the exterior. Local governments aren’t only pushing for office building conversions, though.
Persons: CBRE, Crosby, West, , Jaime Lee, , we’ve, ” Lee, Chris Sherman, ” Sherman, Sherman, you’re, Jason Ward, Ward, Eric Adams, John Watson, ” Watson, Watson, Kelly Wilkinson Organizations: CNN, Moody’s, Texaco, Jamison Group, , Jamison, Sherman Associates, , Local, RAND, Housing, Homelessness, New York City, Pfizer, Indianapolis Star Locations: United States, Los Angeles, Koreatown, West Coast, Minneapolis, New York, New, Indianapolis, , Indiana University's
CNN —In 2018, Jonathan and Trista Schmier felt the economy was so strong that they could take a big risk. “The customers got very, very upset.”Trista and Jonathan Schmier felt confident enough about the economy during the Trump administration to open a small chain of restaurants. Poll after poll show that voters have more faith in Trump’s ability to handle the economy than President Joe Biden’s. By many measures, however, the economy under Biden — who took office while the pandemic was still underway — has also been strong. “I trust the other guy better,” said Southworth, 74, referring to Trump, whom he voted for in 2016 and 2020.
Persons: Jonathan, Trista Schmier, Angus, , Jonathan Schmier, ” Trista, Trump, Andrew Craft, Donald Trump, Joe Biden’s, Biden, Carroll Doherty, Doherty, Trump’s, Barack Obama, Biden —, , Bernard Yaros, ’ paychecks, Jimmy Carter, ” Yaros, Yaros, Ted Southworth, Ted, Rebecca Southworth, Ted Southworth Southworth, Southworth, Becky Cantrell, Cantrell Organizations: CNN, Fayetteville Observer, USA, Pew Research Center, Biden, Black Americans, Census Bureau, Oxford Economics, Trump Locations: Burger, Fayetteville , North Carolina, Burlington , North Carolina, , Florida
It's a juicy prize for winning a generative AI coding competition hosted by Inriver's owners, private equity firm Thomas H. Lee. It's one way the Boston-based buyout firm has been able to implement generative AI coding assistants among its portfolio of middle-market companies. The goal is to accelerate software development so that portfolio companies can do more work with the same amount of resources. He also persists that deploying generative AI coding assistants is not a cost exercise, but a means to productivity. Now, the key for the SRG is educating portfolio companies on what problems AI can fix and which it can't.
Persons: Thomas H, Lee, Mark Benaquista, Benaquista, THL, Github, Alex Sabel, Sabel, Jagjit Singh, He's, Singh, it's Organizations: Service, THL's Strategic Resources Group, Engineering, THL, Boston, Apple Watch, Apple Locations: Philippine, Boston, genAI, India, Netherlands, Philippines
CNN —Like its titular tornados, “Twisters” blasts through a lot in its 122-minute runtime. Generally, scientists are the least certain about the connection between tornadoes and climate change as it’s unclear how warming temperatures are changing storms themselves or the outbreaks. Cathy, a local farmer, gripes that storms and floods are becoming more frequent, and the price of wheat more expensive, while stopping short of citing climate change. However, for a film populated by scientists and clued-in citizens to not mention climate change is a little like the twisters themselves: there’s a hole at the center. !”“Making a ‘Twisters’ movie in Tornado Alley during storm season, tornado season, it’s kind of perfect.
Persons: Glen Powell’s brawn, , , Lee Isaac Chung, “ We’ve, , Javi, Anthony Ramos, Kate, Daisy Edgar, Jones, ” Lee, Maura Tierney’s, Cathy, that’s, Lee, Glen Powell, Mark L, Smith, Joseph Kosinski, it’s, we’re, Kevin Costner, Yorgos, Matt Smith, Fabien Frankel, Anya Taylor, Joy, Max, George Miller, Chris Hemsworth, Samsik, Kang, , Nicola Coughlan, Luke Newton, Guy, Ryan Gosling, Emily Blunt, David Leitch, stuntmen, Jane Schoenbrun, Justice Smith, Brigette Lundy, Paine, Josh O'Connor, Idris Elba, Adam Pally, Hao Xuande, Sandra Oh, Chan, Henry Cavill, Alex Pettyfer, Guy Ritchie's, Guy Ritchie, Jerry Bruckheimer, Isabella Rossellini, Kristen Stewart, she's, Denis Villeneuve, Frank Herbert's, Jessica Chastain, Austin Butler, Ambika Mod, Leo Woodall, Molly Manning Walker, Bryan Cranston, Matthew Vaughn, Ava DuVernay, Aunjanue Ellis, Taylor, Paul Mescal, Andrew Scott, George Clooney, Pedro Alonso, Penelope Cruz, Laura Garello Ferrari, Adam Driver, Michael Mann, Emma Stone, Bella Baxter, Willem Dafoe, Mark Ruffalo, Ramy Youssef, Imelda Staunton, Dominic West, Ncuti Gatwa, Paul King, Hugh Grant's Oompa, Napoleon, Vanessa Kirby, Ridley Scott, Nicolas Cage, Emerald Fennell, Jacob Elordi, Priscilla, Sofia Coppola, Elvis Presley, Kitty Green, Justine Triet, Sandra Hüller, Palme, Ryu Seungryong, Oppenheimer, Christopher Nolan, Cillian Murphy, Robert Downey Jr, Margot Robbie, Ken, Greta Gerwig, Mattel, Tom Cruise, Christopher McQuarrie, Simon Pegg, Scarlett Johansson, Jason Schwartzman, Adrien Brody, Jeffrey Wright, Wes Anderson, Celine Song, Greta Lee, Halle Bailey, Javier Bardem, Kim Woo, Seung, Cho Ui, seok, Jan de Bont’s, ” Glen Powell, Melinda Sue Gordon, Ramos, Powell, everybody’s weirdly, ” Powell, Tyler Owens, “ I’m, anyone’s Organizations: CNN, , Universal Pictures, Warner Bros ., CNN CNN, Ungentlemanly, Locations: Midwest, Oklahoma, Arkansas, Korea, Modena, Palme d'Or,
Don't expect the mammoth returns of the S&P 500 to continue this year, according to Goldman Sachs Asset Management's midyear investment outlook released last week. AdvertisementBut this doesn't mean that Goldman Sachs is expecting a severe downturn. Active management is more important now than ever, and Goldman Sachs recommends taking steps now to prepare for a lukewarm second half of 2024. To address geopolitical instability and financial shocks, Goldman Sachs recommends hedging risk through commodities. Goldman Sachs is seeing increasing opportunities in Asia.
Persons: Goldman Sachs, Alexis Deladerrière, , Lindsay Rosner, Rosner, Deladerrière, it's Organizations: Service, Goldman, Business, Nvidia, Microsoft, Apple, Fed Locations: Mexico, France, East, Ukraine, industrials, underperformance, Asia, Japan, India
AdvertisementBusiness Insider spoke with two members of the Roadmap Generation and several of the HR professionals and executives who hire and oversee them. Many members of the Roadmap Generation are trying to set themselves up for future financial success by starting and stoking their portfolios early. Ambitious young professionals are prioritizing skills development early in their careers in the hopes of finding future success. Tom WernerFor all of their clear-eyed assuredness, however, the Roadmap Generation is also open-minded and curious, older bosses said. Dhunjisha agreed and suggested there's a simple way for a company to keep its Gen Z employees long-term.
Persons: , Javi Galarce, Galarce, Z, Astad Dhunjisha, Dhunjisha, Gen Z's, Gen Z, Gen, Cassie Fields, Fields, Dia Dipasupil, Austin Curtis, Curtis, We're, Mark Pierce, Pierce, Tom Werner, Zers, Jon Hill Organizations: Service, University of Iowa, Business, Deloitte, University of Oklahoma, Wyoming Trust Locations: Texas
Read previewThe Atlantic diet, based on traditional eating habits in regions of Spain and Portugal, could help you switch up your snacking habits for a longer, healthier life, according to a dietitian. AdvertisementFollowing a flexible eating plan like the Atlantic diet can help you make healthier long-term choices, such as swapping out processed snack foods for nutritious but delicious alternatives. Adding more beans to your diet can also help you follow the more flexitarian eating style of the Atlantic diet and its Mediterranean cousin by eating meat in moderation. You don't have to opt for tuna if you prefer salmon or even sardines since all kinds of seafood are encouraged on the Atlantic diet. While the Atlantic diet does emphasize whole foods, the focus is adding more healthy foods to your diet, instead of trying to cut back or deprive yourself.
Persons: , Amanda Blechman, Blechman, healthiest, she's, dietitians Organizations: Service, Business, Danone North Locations: Spain, Portugal, Danone North America, Tuna
The UK economy has reportedly seen faster growth than initially estimated in early 2024. LONDON — European stocks are expected to open higher Thursday as global markets look ahead to the next U.S. inflation reading. Thursday's inflation report could cement expectations that the U.S. Federal Reserve will cut interest rates in the coming months. Recent economic releases have suggested that inflation and economic growth are both cooling, including last week's report that unemployment in June ticked up to 4.1%. The consumer price index report for June will be released at 8:30 a.m.
Persons: Germany's DAX Organizations: City of, LONDON, CAC, IG, U.S . Federal Locations: Bishopsgate, City, City of London
Getty ImagesThe share of people with medical debt in collections that shows up in their credit reports has fallen in the past decade. Colorado had no medical debt in collections in 2023 after it banned credit bureaus from including medical debt on credit reports. The independent government agency estimates the rule would remove up to $49 billion in medical debts from credit reports. "We find that people who have medical debt end up fighting all sorts of other debt," Rae said. About $7 billion in medical debt to be canceledCertain states, cities and counties are canceling about $7 billion in medical debt through the American Rescue Plan Act, federal legislation that was enacted in 2021.
Persons: Breno Braga, Matthew Rae, We've, Rae, Probal Rashid, Lightrocket, Kamala Harris, Stefani Reynolds Organizations: Urban Institute, D.C, Consumers, Urban Institute . West, Consumer Financial, Bureau, Medicare, Washington , D.C, American, White, Eisenhower, AFP, Getty Locations: Washington, Urban Institute . West Virginia, South Carolina, Oklahoma, Louisiana, Mississippi, Colorado, Minnesota, Hawaii, Vermont, Washington ,
The consumer price index, or CPI, report for June is due out at 8:30 a.m. A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months. The price changes in the components that make up the CPI index will also be a focus on Thursday, especially if the number comes in different from expectations. Both shelter and medical services are also key parts of the personal consumption expenditures index, the Fed's preferred inflation measure, rather than CPI. "We've seen medical services [be] pretty tame, and that's important because medical services makes up a much bigger portion of the PCE, which is the more important of the two inflation prints," Roth said.
Persons: Jerome Powell, Powell, Dow Jones, Matt Brenner, Brenner, Tony Roth, We've, Roth Organizations: Federal Reserve, CPI, Wilmington Trust, PCE Locations: Wilmington
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
Despite the pullback, a primary uptrend remains in place for the CAC 40, in addition to the related iShares MSCI France ETF (EWQ) . Both proxies for French stocks appear to be finding their footing, which suggests that the market is welcoming the latest news regarding the election. Once the final outcome is determined, it would be natural for investors to respond favorably to the removal of uncertainty, particularly given the oversold status of French stocks. This suggests a counter-trend phase of outperformance is possible for French stocks versus U.S. stocks. Recent stabilization in many French stocks shows a positive reaction to widespread intermediate-term oversold conditions, which we gauge using the weekly stochastic oscillator.
Persons: LVMH Moet Hennessy Louis Vuitton, Katie Stockton Organizations: CAC, CNBC, NBC UNIVERSAL Locations: France, EWQ
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
New York CNN —With interest rate cuts on the backburner, Wall Street is looking to corporate earnings to continue powering the 2024 stock market rally. Analysts polled by FactSet expect second-quarter earnings of S&P 500 companies to grow about 8.7% on average from the prior year. Strong corporate earnings have helped the S&P 500 gain a whopping 16% and notch repeated record high closes this year. Since the Fed isn’t likely to cut rates anytime soon, the onus is on strong corporate earnings to continue driving the market rally. Earnings season kicks off July 12 when big banks including JPMorgan Chase, Wells Fargo and Citigroup report results.
Persons: FactSet, Jerome Powell, , Jeffrey Buchbinder, Wells, Dow, Lisa Shalett, Jessie Yeung, Hanako Montgomery, Junko Ogura, , Tadashi Matsubara, ” Read, Laura He, Pan Gongsheng, Read Organizations: CNN Business, Bell, New York CNN, Federal, LPL, JPMorgan Chase, Citigroup, Nvidia, Microsoft, Meta, Dow Jones, Morgan Stanley Wealth Management, Kanpou, , Beijing Money, Silicon Valley Bank, People’s Bank of China, prudential Locations: New York, Sintra , Portugal, Wells Fargo, Banks, Japan, Nepal, China, Beijing, Silicon, United States, Shanghai
Mortgage rates increased overall this week, with 30-year mortgage rates ticking up closer to 7%, according to Freddie Mac. This means mortgage rates should go down in the coming months and years. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. Sky high mortgage rates have pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: Freddie Mac, Sam Khater, Freddie Mac's, you'll, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, Sky Locations: Chevron
The Real Problem With Legal Weed
  + stars: | 2024-07-03 | by ( Charles Fain Lehman | ) www.nytimes.com   time to read: 1 min
Kathy Hochul has called New York’s legalization rollout “a disaster.” Mayor Eric Adams has spent months demanding that Albany fix the current system. There are around 140 recreational dispensaries operating statewide — about one for every 148,000 New Yorkers. Instead of shopping legally, New Yorkers tend to get their weed from the illegal shops that now blanket the state. Estimates suggest that there are anywhere from 2,000 to 8,000 in New York City alone, with uncounted more from Ithaca to Oneonta. Recent crackdowns have temporarily sealed more than 400 stores — only a small fraction of the total in the city.
Persons: Kathy Hochul, Eric Adams Organizations: Yorker Locations: Albany, Yorkers, New York City, Ithaca, Oneonta
ET, the yield on the 10-year Treasury was up by less than one basis point to 4.4375%. The 2-year Treasury yield was last at 4.7538% after rising by over one basis point. U.S. Treasury yields held steady on Wednesday as investors looked ahead to key data and digested remarks from Federal Reserve Chairman Jerome Powell. Recent inflation readings indicated that "we are getting back on the disinflationary path," he said. The figures could be a further hint about whether the economy is cooling, and therefore what the path ahead for interest rates could look like.
Persons: Jerome Powell, Powell Organizations: Treasury, Federal, Fed
Rapid7 Managed Threat Complete is the company's flagship offering, and it includes the Rapid7 Managed Detection and Response program. Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. The firm made its name taking deeply researched activist positions with well-conceived plans for long term value. Rapid7 is a cybersecurity company that expands the expertise of its clients' security operations. In addition, to shift from pure growth to a profitable software company, Rapid7 has focused on meeting targets for $160 million in free cash flow and improved margins.
Persons: Rapid7, Jana, Barry Rosenstein, Rosenstein, Tenable, It's, Corey Thomas, Cannae, Bradstreet, Ken Squire Organizations: VM, National Security Telecommunications Advisory, Federal Reserve Bank of Boston, Foreign Relations, of Massachusetts, LPL Financial, Vanderbilt University, Francisco Partners, Sumo, Cannae Holdings, 13D Locations: Splunk, Rapid7
Detergent leaks from crushed bottles in one recent delivery to a Family Dollar store. It already unveiled a plan in March to close 1,000 Family Dollar stores — about 13% of the chain's locations. Related storiesThen, earlier this month, it went a step further and said that it was considering a sale of Family Dollar. Alex Bitter/BIWhat Family Dollar and Dollar Tree are doing about the damaged products is unclear. Do you work for Family Dollar, Dollar Tree, Dollar General, or another retailer and have a story idea to share?
Persons: , I've, Alex Bitter, It's, he's Organizations: Service, Dollar, Business, Pepsi Locations: Florida
My own opinion on the matter makes no sense whatsoever — at least not the opinion that A.I. I checked the other day after seeing a social media post that described me as not approving of trans people. McWhorter also suggested other gender-neutral pronouns, including ‘que, ‘s/he, and ‘one.’”Hmm, not a word of that is true. I wouldn’t be caught dead endorsing the ungainly, unpronounceable “s/he” or the hopelessly wooden “one,” and God knows what “que” is. Plus, “they” had already been used in a singular, gender-neutral way (“Each student has an hour to complete their test”) for several centuries.
Persons: ” “, , McWhorter, Shakespeare,
Part of the military's mission at home is to keep stockpiles of goods like critical minerals on hand for emergency wartime use. In the dark on the stockpileAlthough the name suggests otherwise, rare earth minerals are not exactly rare — in fact, they're relatively plentiful. The Biden administration began cutting American imports of Chinese rare earth minerals a few years ago in an effort to decrease US reliance on China for critical minerals. Submarines, fighter aircraft, magnets used in missiles, radar systems, and drones all require critical earth minerals for manufacturing. AdvertisementA past report for Congress on rare earth minerals for national defense, for instance, noted that a single Virginia-class submarine requires 9,200 pounds of rare earth minerals, while an Arleigh Burke-class destroyer requires 5,200 pounds.
Persons: , Biden, Lockheed Martin, Gregory Wischer, Wischer, Arleigh Burke, Halsey, Sampson, Chris Williamson Fabian Villalobos, Locke Organizations: Service, Business, Pentagon, Lockheed, Getty, Gratia, Defense Logistics Agency, of, Department of Defense, Defense Industrial Strategy, . US, Pacific, DoD, Materials, Lynas, Joint Base, Hickam . US Navy, RAND Corporation, National Defense, NDS, Industrial Base Locations: China, Fort Worth, Virginia, Arabian, Japan, South Korea, United States, California, Lynas USA, Texas, Vermont, Hickam
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