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Orangeburg, South Carolina KFF Health News —Amari Marsh had just finished her junior year at South Carolina State University in May 2023 when she received a text message from a law enforcement officer. South Carolina state Rep. Seth Rose, a Democrat in Columbia and one of Marsh’s attorneys, called it a “really tragic” case. But at the hospital, Marsh learned that her infant, a girl, had not survived. Historically, birth outcomes for Black women in Orangeburg County, where Marsh lost her pregnancy, have ranked among the worst in South Carolina. She is taking classes at a local community college and hopes to reenroll at South Carolina State University to earn a four-year degree.
Persons: Amari Marsh, ” Marsh, Marsh, , Amari's, Herman Marsh, Regina, , ’ ” Sam Wolfe, KFF, James Clyburn, ’ ” Clyburn, , , “ I’ve, I’ve, Seth Rose, Zipporah, Amari, ” Sumpter, Sam Wolfe, Marsh “, y’all, David Pascoe, Pascoe, Dana Sussman, Court’s Dobbs, Dobbs, Holly Gatling, Michele Heisler, ” Chelsea Daniels, ” Daniels, Sumpter, Dr, Sanjay Gupta, God, Daniel Chang Organizations: South Carolina KFF Health, South Carolina State University, Calhoun Regional Detention, KFF Health, U.S, Supreme, Jackson, Health Organization, White, Rep, Carnegie Hall, Democrat, Regional Medical, South Carolina’s Republican, South, Judicial, Pregnancy, Local, The Times, South Carolina Citizens, Life, National, Physicians, Human Rights, Medical University of South, CNN, CNN Health, Health News, Health, KFF Locations: Orangeburg, South Carolina, Calhoun, , Columbia, South, South Carolina’s, Miami, Florida, Montana , Missouri, Maryland, Medical University of South Carolina, Orangeburg County, Health News Florida
Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m implying more than 20% upside. 7 a.m.: DA Davidson downgrades Microsoft, cites diminishing AI lead DA Davidson believes that Microsoft has lost its edge over competitors in artificial intelligence. The investment firm downgraded shares of the tech giant to neutral from buy, although analyst Gil Luria maintained his $475 price target. This could begin to have a material impact on the company's returns beginning in 2025, the analyst wrote. Wells Fargo analyst Neil Kalton also hiked his price target on the stock to $300, implying nearly 18% upside ahead.
Persons: Raymond James, Morgan Stanley, Bernstein, DA Davidson, Davidson, Gil Luria, Luria, GitHub Copilot, — Lisa Kailai Han, Daniel Roeska, Roeska, Lisa Kailai Han, Ronald Josey, Josey, Meta, Atif Malik, Malik, Raymond James downgrades, Brian Gesuale, Gesuale, David Arcaro, Arcaro, Wells, Neil Kalton, — Fred Imbert Organizations: CNBC, Constellation Energy, Motors, Microsoft, DA, Nvidia, Motors General Motors, General Motors, Hyundai, Citi Locations: Palantir, Friday's, U.S, 25e, GenAI
The White House wants to close a trade loophole exploited by Chinese discount e-retailers — a move that would have a ripple effect on at least two of our portfolio stocks: Amazon and Meta Platforms. The de minimis exemption has allowed Chinese e-commerce giants, particularly low-cost Temu and Shein, to flourish. Temu has risen in popularity in the U.S. for selling items directly from Chinese merchants at massive discounts. Temu is generally seen as a growing competitor to Amazon since its prices are often lower. Meta challenges On the other hand, the trade shift could present a challenge for Meta, which relies on advertising from e-commerce platforms.
Persons: Harris, hocking, Temu, it's, Jeff Marks, Shein, Meta, Jim Cramer's, Jim Cramer, Jim Organizations: Biden, Harris Administration, Amazon, Deutsche Bank, Deutsche Bank analysts, JPMorgan, Services, Meta, Management, CNBC, Getty Locations: U.S, China, Temu
A continuity plan is an essential tool designed to keep your small business operations humming even when there is a sudden emergency. Identify critical business functionsDocumenting your critical business functions will help prioritize tasks during an emergency. Make time for succession planning: Most small business owners want their business to continue even if they can no longer run it. State Farm® offers small business insurance options — such as a Business Owners Policy (BOP), which offers a combination of coverages to help protect your unique business. Your State Farm agent can help you protect your small business, so you can focus on growing your business.
Persons: , it's Organizations: Fed, ®, Policy, State, Farm, Insider Studios
Amazon , Meta Platforms and Apple are eating away at Microsoft's once-sizable lead in the heated artificial intelligence arms race, according to D.A. Early investments in ChatGPT creator OpenAI gave Microsoft the first-mover advantage in the AI race. Davidson analysts praised Amazon, Meta, and Apple as their top three. AMZN YTD mountain Amazon YTD In particular, D.A. META YTD mountain Meta Platforms YTD As for Meta, the Club sees potential in how AI helps boost user engagement with its chatbot baked into Facebook, WhatsApp and Instagram.
Persons: Davidson, Jim Cramer, Jim, it's, Gross, OpenAI, Copilot, That's, D.A, Mike Sievert, Jim Cramer's, Adam Gray Organizations: Microsoft, Big Tech, D.A, Apple, Club, Services, AWS, Amazon, Meta, Facebook, Mobile, Apple Intelligence, CNBC, Getty Locations: Microsoft's, Redmond, Washington, D.A, San Francisco, New York City
In a note to clients, Slok issued a more positive outlook on the US job market, even as hiring has slowed this year. "It is inconsistent to say that the incoming economic data is strong but the labor market is weakening," Slok wrote. AdvertisementHowever, consumption and business spending data have been strong in recent months. If the 30-year fixed rate slumps to around 5%, that could that could spark a rebound in home sales, providing a boost to the economy and job market, Slok said. AdvertisementThe outlook for the job market, though, remains mixed, with some commentators warning that hiring could continue to slow due to the lagged impact of the Fed's rate hikes.
Persons: , Torsten Slok, Slok, Freddie Mac, David Rosenberg, who's Organizations: Service, Apollo Global Management, Business, Bureau of Labor Statistics, Challenger, IRA, Atlanta Fed Locations: Atlanta
Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate cuts after last week's half percentage point reduction. "I think after 50 basis points, we're still in a net tight position," Kashkari said in a CNBC "Squawk Box" interview. "Right now, we still have a strong, healthy labor market. In their latest economic projections, FOMC members indicated that rate is probably around 2.9%; the current fed funds rate is targeted between 4.75% and 5%. Speaking separately Monday morning, Atlanta Fed President Raphael Bostic indicated he expects the Fed to move aggressively in getting back to a neutral rate.
Persons: Neel Kashkari, we're, Kashkari, Kasharki, Raphael Bostic, Bostic Organizations: Minneapolis Federal, CNBC, Federal Reserve, Atlanta Fed, Fed Locations: Minneapolis
Here’s what could knock the stock market’s momentum
  + stars: | 2024-09-23 | by ( Fred Imbert | ) www.cnbc.com   time to read: +3 min
The S & P 500 also reached an all-time high last week and posted a weekly advance of 1.4%. Here's a look: Valuations The S & P 500 trading near record highs is a double-edged sword, as valuations are also at historically high levels. "The S & P 500 is already trading a little above where it deserves to at year-end 2024." Scott Chronert of Citi also noted that six of the 11 S & P 500 sectors have "valuation composites near/at top decile levels." The S & P 500 has averaged a 2.3% loss in September over the past 10 years, according to FactSet data.
Persons: Stocks, it's, Lori Calvasina, Scott Chronert, BTIG's Jonathan Krinsky, Kamala Harris, Donald Trump, Piper Sandler, Craig Johnson, Gonzalo Asis, RBC's Calvasina, Citi's Chronert Organizations: Dow Jones, Federal Reserve, RBC Capital Markets, Citi, NBC, Presidential, PCE, Bank of America
Bloomberg | Bloomberg | Getty ImagesJapan has ramped up its push for companies to adopt a four-day workweek, but those efforts face steep challenges in a country famous for its workaholic culture. The Japanese government recently initiated a "work style reform" campaign aimed at promoting flexible work arrangements, shorter hours and overtime limits. The move marks a more concerted effort after the government first floated support for a shorter workweek in 2021 when lawmakers endorsed the idea. "Being part of a company is almost part of a community, and this results often in longer work hours, not as efficient work hours," he told CNBC. I think that it's going to take time [for the four-day workweek] to penetrate… we're not used to being flexible.
Persons: Tim Craig, Craig, it's, Martin Schulz, karoshi, Hiroshi Ono Organizations: Bloomberg, Getty, Japan, Ministry of Health, Labor, Welfare, Fujitsu, CNBC, Hitotsubashi University Locations: Japan
The 13 companies identified below have created tangible competitive advantages by investing in AI infrastructure in the early stages or finding a mission-critical niche within the AI value chain. Investing in the AI value chainIt's still early innings for the AI revolution. Next is the cloud services providers, which store data and train AI models in data centers, followed by the AI foundation models that power ChatGPT. Finally, software infrastructure players assist in integrating AI models into the AI application, or end product that consumers use. These players hold considerable market share across multiple layers of the AI value chain, resulting in higher returns as they use AI in multiple business areas.
Persons: , Vincent Gusdorf, Moody's, Gusdorf Organizations: Service, Business, Big Tech
Stock market highs are expected to continue into 2025, according to Oppenheimer's Ari Wald. AdvertisementWald's 6,000 price target for the S&P 500 is based on the median bull market cycle. "The S&P 500 is up 64% over the 23 months between October 2022 and September 2024. And if the current bull market follows the path of the average bull market, stocks could continue to rise through the end of 2025 with the S&P 500 rising to around the 7,000 level. "We view the cycle high for Industrials as confirmation of an intact bull market," Wall said.
Persons: Oppenheimer's Ari Wald, Wald, , Oppenheimer, Ari Wald, it's, Wall, " Wald Organizations: Service, New York Stock Exchange, ISI Locations: That's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's reaction is neutral for rates, positive for equities, strategist saysMohit Kumar, chief economist and strategist for Europe at Jefferies, discusses the Federal Reserve's first rate cut and Chair Jerome Powell's latest messaging.
Persons: Mohit Kumar, Jerome Powell's Organizations: Jefferies, Federal
The two sides met at City’s Etihad Stadium on Sunday with both teams eager to strike first in this year’s title race. Just before half-time, Arsenal attacker Leandro Trossard committed a foul before kicking the ball across the pitch, earning a controversial second yellow card. Matt West/ShutterstockAfter being reduced to 10 players, Arsenal manager Mikel Arteta adopted a highly defensive shape to try and protect the lead. “I think the win belongs to the players and for our fans,” Fonseca said after the game. A chaotic first half saw visiting Wolfsburg take a 3-2 lead before Piero Hincapié leveled things up shortly after half-time.
Persons: Erling Haaland, Pep Guardiola’s, Rodri, Riccardo Calafiori, Gabriel Magalhães, Leandro Trossard, Trossard, Michael Oliver, Matt West, Mikel Arteta, John Stones, Kyle Walker, , Robert Lewandowski, Ayoze Pérez, Pablo Torre, David Ramos, , Marc, André ter Stegen, Blancos, Thibaut Courtois, Dani Carvajal, Rodrygo, Vinícius Jr, Mbappé, Carlo Ancelotti’s, Atlético, Matteo Gabbia, Christian Pulisic, Yann Sommer, Milan's Tijjani Reijnders, Alessandro Bastoni, Marco Luzzani, Federico Dimarco, Gabbia, Paulo Fonseca, ” Fonseca, we’ve, Serie A’s, Michael Olise, Jamal Musiala, Harry Kane, Serge Gnabry, Christina Pahnke, ” Kane, Kane’s, Xabi, Piero Hincapié, Victor Boniface Organizations: CNN, England’s Premier League Arsenal, Manchester, Premier League, City’s Etihad, Arsenal, Gunners, Londoners, City, BBC Radio, BBC Sport, La Liga Barcelona, Villarreal, La Liga, Torre, Catalans, Real Madrid, Espanyol, Madrid hasn’t, Barcelona, Serie, Italy’s, Milan, Internazionale, Derby, San, US, Inter, Torino, Hellas Verona, Germany’s Bundesliga, Bayern, Bundesliga, Dinamo Zagreb, Champions League, Werder Bremen, Getty, Bayer Leverkusen, Wolfsburg, Leverkusen Locations: Villareal, Raphinha, Milan, Bayern Munich, lederhosen, AFP
Sterling breached $1.33 against the greenback for the first time since March 2022 on Thursday, and was trading at $1.3315 early London time Monday. The pound's rally was tied to the BOE communication and "looks fully justified," Chris Turner, global head of markets at ING, said in a Friday note. Higher rates are traditionally a positive for a domestic currency as the higher yield can attract more foreign capital. watch nowGabriella Dickens, G7 economist at AXA Investment Managers, also cautioned on the pound's outlook in a note Thursday. If the government is more stringent on fiscal policy, we think the Bank will be forced to increase the pace of the cutting cycle to offset the hit on both households' and businesses' finances."
Persons: Keir Starmer, BOE, Chris Turner, Turner, Jane Foley, Gabriella Dickens, Dickens Organizations: Bank of England, Labour, Sterling, greenback, London, ING, Fed, U.K, European Union, Rabobank London, CNBC, AXA Investment, Bank, quicken Locations: Britain,
Three former chairs of the Maine Republican Party "enthusiastically endorsed" Democratic Vice President Kamala Harris for president over GOP nominee and former President Donald Trump in an opinion piece published by Bangor Daily News on Monday. "We see these same positive characteristics are on full display in Vice President Harris and her candidacy. A spokesperson for the Trump campaign did not immediately reply to a request for comment on the op-ed. Additionally, the former chairs took a jab at the broader Republican party in their letter, claiming that much of the leadership of the party "has joined the cult of Trump." Both Cole and O'Meara chaired the Maine Republican Party in the 1990s.
Persons: Kamala Harris, Donald Trump, Robert A.G, Monks, Ken Cole, Ted O'Meara, Harris, Cole, O'Meara, Trump, Trump's, Susan Collins, Obama, Dick Cheney, George W, Bush Organizations: Cobb Energy Center, Maine Republican Party, Democratic, GOP, Bangor Daily, Republican, U.S ., Republican Party, Trump's MAGA Republican, Maine Republicans Locations: Atlanta , Georgia, Maine, Ukraine, Philadelphia, United States, Russian
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. After struggling near the open, consumer staples is making a push higher on the daily S & P 500 sector leaderboard. 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, There's, We're, Piper Sandler, Brown, Forman, Eli Lilly, Lilly, Jim Cramer's, Jim Organizations: CNBC, ., Constellation Brands, Corona, Modelo, Sunday, Abbott Laboratories, GE Healthcare, Novo Nordisk, Apple, Microsoft, Nvidia, Broadcom, Motors, Starbucks, Thor, Philadelphia Federal, Conference, Richmond, Jim Cramer's Charitable
Speaking to reporters at a press conference attended by Business Insider ahead of the "Grotesquerie" premiere, Murphy explained how the unexpected casting came about. This story is available exclusively to Business Insider subscribers. "I always have a motto in my world and in my work that a star is a star is a star," Murphy explained. Murphy had just started on pre-production on "Grotesquerie," and he offered to tailor a part in the show specifically around Kelce. According to Murphy, Kelce spent months working with an acting coach, showed up to set off-book, and knew everybody's lines.
Persons: , Taylor, Travis Kelce's, Ryan Murphy, Murphy, Kelce, he'd, Kelce he'd, Travis Kelce, Lois Tryon, Niecy Nash, Betts, Micaela Diamond, hasn't, Nash, Netflix's, Lyle, Erik Menendez, He's Organizations: Service, Business, The Kansas City Chiefs, Kelce Locations: Kelce, The, Hulu
There are key stock market catalysts on the horizon before November. In a Monday note, Bank of America highlighted the most important days for the stock market between now and the November Presidential election. AdvertisementBank of AmericaNovember 6Technically the day after the election, the most important day for the stock market is November 6, when markets can react to the results. The stock market experienced a similar-sized move on the day after the prior Presidential election, with the S&P 500 jumping 2.2% on November 4, 2020. But now that the Fed has started its cutting cycle, we think labor market data (e.g.
Persons: Organizations: Service, Federal, Bank of America, Investors, Fed Locations: United States
LONDON — European stocks are expected to start the week in positive territory as global markets continue to react positively to the U.S. Federal Reserve's interest rate cut last week. The U.K.'s FTSE index is seen opening 46 points higher at 8,245, Germany's DAX up 87 points at 18,810, France's CAC 40 up 40 points at 7,359 and Italy's FTSE MIB up 169 points at 33,821, according to data from IG. Global markets continue to trade higher following the Fed's 50-basis-point cut last week, its first cut in four years. Asia-Pacific markets were mostly higher overnight as investors digested monetary policy decisions from Japan and China as well as the Fed's sharp cut. Dow futures were near flat Sunday night after enthusiasm for last week's interest rate cut propelled the blue-chip index to a record closing level.
Persons: Germany's DAX Organizations: U.S, CAC, IG, Global, Dow Locations: U.S . Federal, Asia, Pacific, Japan, China
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 5.70%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are near 5%, according to Zillow data. Last month, 30-year refinance rates averaged 6.59%, while 15-year refinance rates were around 5.90%. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.
Persons: you'll, Freddie Mac, it's, they've, They'll, refinance Organizations: Zillow, Fed Locations: Chevron
Mainly a print model, Zheng used to rake in 30,000 yuan ($4,230) a month when she began working two years ago. Some are virtually indistinguishable from the real thing, while others are inspired by the original design and offer morecolors or textures. The popularity of this product category is soaring as consumer confidence in China nears a historic low, according to analysts. Shoppers are sitting on the sidelines due to a combination of falling stock prices, capital flight and “tepid” wage growth, the economists said. A Hong Kong court ordered the liquidation of the Chinese property giant on on January 29.
Persons: Zheng Jiewen, Zheng, , , Louis Vuitton, Chanel, Laurel Gu, Lulu, dupes isn’t, Nomura, Xinxin, Greg Baker, Nicole Hal, “ I’ve, Goldman Sachs Organizations: Hong Kong CNN, CNN, Prada, Reuters, Shoppers, Barclays, Hong, Getty, Goldman Locations: China, Hong Kong, Guangzhou, Shanghai, Asia, Japan, Chongqing, Beijing, AFP, Europe,
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. I didn't spend my 20s and 30s dating around or in multiple relationships, and after my divorce, I wasn't interested in doing much of that, either. Finding out about the infidelity was tough; finding out it was with multiple people was devastating. Related storiesBut throughout all of that, I didn't leave, and I didn't want them to leave, either. I felt like a failure for not wanting to leaveI felt like a failure in a lot of ways.
Persons: , gaslighting Organizations: Service
The move they made is a big cut," SlateStone Wealth's Kenny Polcari told CNBC's " Street Signs Asia " on Sept. 19. Calling it a "crisis level cut," he added that "people [are] scratching their heads, going, what's it really mean?" Federal Reserve Chair Jerome Powell stressed that the big rate cut does not signal that the risk of a recession is elevated. According to FactSet data, of the 20 analysts covering the stock, 18 give it a buy or overweight rating, while two have a hold rating. Biotech play Another stock Polcari is bullish on is biopharmaceutical player Amgen , given its pipeline of new products .
Persons: Kenny Polcari, CNBC's, Jerome Powell, Polcari, Amgen, — CNBC's Sean Conlon Organizations: U.S, Biotech, U.S . Food, Drug Administration, Euronext, Nasdaq, Nvidia Locations: Federal, U.S, Amgen, Euronext Amsterdam, Dutch, ASML
Two-thirds of voters say their family income is falling behind the cost of living, and voters ranked the cost of living as their top concern in the election. Harris leads on abortion, fitness and change; Trump is ahead on the key issues of the border and inflationThe NBC News poll also tests Harris and Trump on 13 different issues and presidential qualities. But in this new poll, Harris is now at 48% positive, 45% negative (+3). And 66% of voters say their family’s income is falling behind the cost of living. Meanwhile, 65% of voters say the country is on the wrong track, compared to just 28% who say it’s heading in the right direction.
Persons: Kamala Harris, Harris, Donald Trump, Trump, Joe Biden’s, Harris ’ favorability, George W, Bush’s, , Biden, ” Harris, , Kamala Harris ’, , Jeff Horwitt, Democratic pollster, Bill McInturff, What’s, aren’t, ” Horwitt, Robert F, Kennedy Jr, Jill Stein, Chase Oliver, Harris ’, George H.W, Ross Perot, That’s, it’s Organizations: NBC News, NBC, Trump, Hart Research Associates, Democratic, Republican, , Biden, Black, House Locations: U.S
For nearly a decade, Massachusetts Sen. Elizabeth Warren has been working to enforce oversight over Navient, a major student-loan company. Warren and some of her Democratic colleagues were concerned that the company was not properly managing student-loan borrowers' payment options, causing them to accumulate unaffordable student debt. However, it released an accountability framework in December that outlined enforcement actions it would take should servicers harm borrowers, including fining servicers and transferring borrowers to better-performing servicers. For example, MOHELA was the first servicer to be hit with a $7 million fine last October for failing to send on-time billing statements to over 2 million borrowers. Terminate MOHELA's contract and put loan services on notice: we will not tolerate your negligence and exploitation; we will not let you profiteer off vulnerable student borrowers."
Persons: Massachusetts Sen, Elizabeth Warren, Rohit Chopra, Warren, We've, Navient, Chopra, there's, Jim Clyburn, Miguel Cardona, MOHELA, fining, servicers, Ayanna Pressley, we've, who've Organizations: Service, Warren, Democratic, Consumer Financial Protection, Navient, Business, Education Department, BI, Sec, The Education Department Locations: Massachusetts, CFPB
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