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☆ Gaza ceasefire deal: Hamas and Israel urged to ‘close this deal’ by US and 16 other countries whose citizens were taken hostage
▼ + stars: | 2024-06-06 | by ( Mj Lee | ) edition.cnn.com time to read: +3 min

“It is time for the war to end,” the statement, shared with CNN, bluntly says. We call on Hamas to close this agreement, that Israel is ready to move forward with, and begin the process of releasing our citizens,” the statement says. Those 17 countries have citizens whom Hamas took captive at the outbreak of the Israel-Hamas war. Immediately after Biden detailed the Israeli proposal, Israeli Prime Minister Benjamin Netanyahu vowed that his country would not end the war until Hamas was defeated. Jake Sullivan, Biden’s national security adviser, convened for the first time last month an in-person meeting of ambassadors and chiefs of mission representing countries whose citizens were taken hostage by Hamas, CNN reported, at a moment when a deal was stalled.

Persons: Joe Biden, Biden, “, Benjamin Netanyahu, Jake Sullivan, Sullivan, Bill Burns, Brett McGurk Organizations: CNN, Biden, United, Hamas, Qatar –, Senior, CIA, White Locations: United States, Israel, Gaza, Argentina, Austria, Brazil, Bulgaria, Canada, Colombia, Denmark, France, Germany, Poland, Portugal, Romania, Serbia, Spain, Thailand, United Kingdom, Washington, Egypt, Qatar

☆ Why Friday’s jobs report could be one for the record books
▼ + stars: | 2024-06-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —The US job market showed a softer side in April when just 175,000 jobs were added, marking one of the weakest months in the past three years. It was also well shy of economists’ expectations (for 235,000 jobs added) and sharply lower than the 315,000 net gain for March. A separate report released Thursday showed that fewer job cuts were announced in May than both the month and year before. Foreign-born workers: In addition to high labor force participation rates among prime working age individuals, specifically prime working-age women, the US labor market is benefiting from a boom in immigrant workers. Some of these workforce moves typically come at the end of the school year, meaning the May jobs report and June report could show the effects.

Persons: It’s, we’ve, Elizabeth Crofoot, ”, aren’t, Crofoot, Dean Baker, that’s, Julia Pollak, “, ” Andrew Challenger, Ryan Sweet, CEPR’s Dean Baker Organizations: CNN, Bureau of Labor Statistics, Federal Reserve, BLS, Center for Economic, Policy Research, “ Employers, Department of Labor, Challenger, Secondary School Emergency, Oxford Economics Locations: State

☆ We're on track for a soft economic landing, but it still feels like the economy stinks
▼ + stars: | 2024-06-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why the US economy is on track (again) for a soft economic landing . The big storyAnother economic turnaroundGetty Images; Chelsea Jia Feng/BIIt took longer than expected, but the US economy is finally on track for a soft landing. After a scary few months of economic data that had investors fearing a recession and stagflation, the tides have turned again. AdvertisementRecent data showing inflation and the labor market cooling have given hope that a soft landing is in the cards — and may even be underway — for the US economy, writes Business Insider's Madison Hoff. AdvertisementThe US economy is about to make a soft landing — a situation in which inflation cools without causing a recession or sudden spike in unemployment.

Persons: —, Chelsea Jia Feng, Insider's Madison Hoff, Arantza Pena Popo, bummed, it's, aren't, Johannes Eisele, Monica Schipper, Nordin Catic, Tyler Le Tim Cook, Cook, Jack Dorsey, Dorsey, Abanti Chowdhury, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, George Glover, Annie Smith Organizations: Service, shoplifters, Business, Fed, Johannes, Getty, OpenAI, Apple, BI, Street Journal, Comcast, New York Stock Exchange Locations: AFP, New York, London

☆ Kathy Hochul Made the Wrong Decision on Congestion Pricing - The New York Times
▼ + stars: | 2024-06-06 | by ( Tom Wright | Kate Slevin | ) www.nytimes.com time to read: +1 min

Kathy Hochul’s decision to “indefinitely pause” congestion pricing in Manhattan is likely to reverberate for decades, much like the former New Jersey governor Chris Christie’s decision in 2010 to block construction of a badly needed new rail tunnel under the Hudson River. Both were short-term choices that pushed aside critical long-term investments in the most mass-transit-dependent metropolitan area of the nation. The decision by Mr. Christie, which he said was based on the project’s cost, compromised the region’s competitiveness, economy and environment. Ms. Hochul’s action raises questions about whether congestion pricing, which was set to begin at the end of the month, will ever happen. It will mean continued congestion on some of the world’s most traffic-stymied streets and no relief from the air pollution from auto and truck exhaust.

Persons: Kathy Hochul’s, Chris Christie’s, Christie, Hochul’s, Christie’s Organizations: New, New Jersey Transit, Amtrak, Metropolitan Transportation Authority Locations: Manhattan, New Jersey, Hudson, Jersey

☆ European Central Bank Cuts Interest Rates for First Time Since 2019
▼ + stars: | 2024-06-06 | by ( Eshe Nelson | ) www.nytimes.com time to read: +1 min

The European Central Bank lowered interest rates on Thursday for the first time in nearly five years, signaling the end of its aggressive policy to stamp out a surge in inflation. As inflation returned within sight of the bank’s 2 percent target, officials cut their three key interest rates, which apply across all 20 countries that use the euro. The benchmark deposit rate was lowered to 3.75 percent from 4 percent, the highest in the bank’s 26-year history and where the rate had been set since September. “It is now appropriate to moderate the degree of monetary policy restriction.”There is growing evidence around the world that policymakers believe high interest rates have been effective at restraining economies to slow inflation. Now, they are lowering rates, which could provide some relief to businesses and households by making it cheaper to obtain loans.

Organizations: European Central Bank

☆ Christina Applegate says MS made her depressed. I was too when first diagnosed, but I found a way out.
▼ + stars: | 2024-06-05 | by ( Lindsay Karp | ) www.businessinsider.com time to read: +5 min

On a recent episode of the MeSsy podcast, Christina Applegate said she doesn't enjoy living because of her multiple sclerosis (MS) battle. It took me 13 years to get diagnosed with multiple sclerosisSeven years ago, I received my official MS diagnosis after 13 years of pleading with doctors for an answer. AdvertisementIt took the author 13 years to get diagnosed with MS and an additional three years for the meds to start working on her symptoms. You begin comparing life before disease onset to your current capabilities, and you mourn the loss of everything in between. For the first three years, the infusions worsened every MS symptom I'd ever had.

Persons: Christina Applegate, Applegate, I've, I'd, — I'd, —, Christina, Jamie, Lynn Sigler, there's, Christina — Organizations: Service

☆ Kylian Mbappé says there were ‘things and people that made me unhappy’ in final season at PSG
▼ + stars: | 2024-06-05 | by ( Ben Morse | Bea Adeleke | ) edition.cnn.com time to read: +4 min

CNN —French soccer superstar Kylian Mbappé said that there were “things and people that made me unhappy” during his final season at Paris Saint-Germain, in his first comments since his blockbuster move to Real Madrid. Mbappé was speaking at a media conference on Tuesday ahead of France’s friendly against Luxembourg and stressed that his long-expected move to Madrid was a “relief,” while also adding that his final season in Paris was filled with mixed emotions. While saying in general that he was happy in his final season, he went to detail one aspect that did make him unhappy. But his final season in Paris was overshadowed by speculation around his future. “I wish him all the best,” told CNN Sport’s Amanda Davies at the Globe Soccer Awards Forum in Sardinia, Italy.

Persons: Kylian Mbappé, ”, Germain, Mbappé, “, ” Mbappé, Alex Caparros, Luis Enrique, Luís Campos, Bertrand Guay, Mbappé’s, Nasser Al, Khelaifi, Amanda Davies, ” Al, Les Bleus Organizations: CNN, Paris Saint, Real, Luxembourg, PSG, Real Sociedad, Champions League, Ligue, AC Milan, Getty, French, Globe Soccer, “, Austria Locations: French, Real Madrid, Madrid, Paris, AFP, Sardinia, Italy, France, Germany

☆ Boeing's long-delayed Starliner finally takes off with astronauts on board
▼ + stars: | 2024-06-05 | by ( Jessica Orwig | Paul Squire | ) www.businessinsider.com time to read: +1 min

Boeing launched its Starliner spacecraft carrying two astronauts to the International Space Station. Boeing's spacecraft would give NASA a second option for human transport to space. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Wednesday morning, Boeing's Starliner launched toward the International Space Station carrying NASA astronauts Butch Wilmore and Suni Williams. It was the first crewed mission for the commercial spacecraft, which has been plagued by delays due to technical concerns.

Persons: —, Boeing's Starliner, Butch Wilmore, Suni Williams Organizations: Boeing, International Space, NASA, Service, Space Station, Business

☆ CEOs are making almost 200 times what workers are
▼ + stars: | 2024-06-04 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The median CEO in the S&P 500 was paid 196 times as much as the median employee in 2023, according to an analysis by Equilar and The Associated Press. The widening divide is driven by the fact that CEO pay — which is closely tied to share prices — is rising notably faster than that of employees. Median total compensation for S&P 500 CEOs (including stock awards) soared to $16.3 million in 2023 — a huge year-over-year increase of 12.6%, compared to just 0.9% in 2022. The median S&P 500 employee earned $81,467 last year, up 5.2% from 2022, the report said. Given the rising stock market, the median stock award increased by 10.7% to $9.4 million, the report found.

Persons: Moody’s, Eleanor Bloxham, Bloxham, “, Hock Tan, William Lansing, Tim Cook, Barbara Rentler, — Organizations: New, New York CNN, Associated Press, Workers, Value Alliance, CNN, Federal Reserve, Nasdaq, Broadcom, Apple, Ross Stores, Ross Locations: New York, United States

☆ What slumping oil prices mean for our stake in Coterra Energy
▼ + stars: | 2024-06-04 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

U.S. crude prices fell for the fifth straight day Tuesday, but we remain committed to our lone oil-and-gas stock in Coterra Energy . Elevated oil prices have, as a result, pressured discretionary spending and corporate margins. If we get that, then we should see lower oil prices and sustained buying power along with a healthy environment for business investments. And yet we still see reason to stick with Coterra Energy. Indeed, analysts at Citigroup published a research note Tuesday exploring potential takeover targets for Devon Energy, another ex-Club oil stock.

Persons: Goldman Sachs, we've, Coterra, It's, Jim Cramer's, Jim Cramer, Jim, Brandon Bell Organizations: Coterra, West Texas, Organization of, Petroleum, Coterra Energy, ConocoPhillips, Exxon Mobil, ex, Natural Resources, Citigroup, Devon Energy, CNBC, Getty Locations: Coterra Energy, U.S, Gaza, OPEC, Devon, Grandfalls , Texas

☆ Some student-loan borrowers with private debt have a chance to get their balances wiped out — but they have to ask for it
▼ + stars: | 2024-06-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewThere's a process for some private student-loan borrowers to get debt relief — but many of them might not know about it. In April, Business Insider first reported that Sen. Elizabeth Warren, along with eight of her Democratic colleagues, were calling on Navient — a major private student-loan company — to cancel "decades-old predatory private student loans" under consumer protection law. While some borrowers have started to receive the application from Navient, Warren and her colleagues still urged the company to automate the process and give private borrowers the same relief federal borrowers may have already received. Still, Warren wrote on X that the process should not be "wildly confusing" — and all private borrowers who qualify for debt relief if they were defrauded should have no problem getting it. Have you received an application for private student-debt relief from Navient, or are you still struggling to get relief?

Persons: —, Sen, Elizabeth Warren, Holder, Navient, Eileen Connor, We're, Warren Organizations: Service, Business, Democratic, Navient's, Consumer Financial, The New York Times Locations: Navient

☆ Biden is alienating progressives yet again — but he may have no choice
▼ + stars: | 2024-06-04 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Joe Biden is pushing progressives who are already sour on his presidency to the limit with a tough new executive action barring most asylum applications from migrants crossing the US-Mexico border illegally. Of all issues tested, Biden recorded his lowest approval rating on immigration in a CNN poll in February — just 30%. Progressives face their own dilemmaBiden would never say it bluntly in public, but his gamble with progressives carries an implicit question — where else are they going to go? Some Haley supporters on Tuesday welcomed Biden’s immigration actions, CNN’s Kit Maher reported. “While many Haley voters continue to have policy differences, this common-sense action is a clear step in the right direction to address one of the top priorities of many Haley voters,” the Haley Voters Working Group, a coalition of approximately 25 conservative Haley supporters, posted on X.

Persons: CNN — Joe Biden, Donald Trump’s, Biden, Benjamin Netanyahu, doesn’t, Trump, ”, “, ” Sen, Alex Padilla, CNN’s Manu Raju, ” Biden, Pramila Jayapal, Greg Casar, Republicans “, Ayanna Pressley, He’s, he’s, Sen, Bernie Sanders, Republican demagogue, Adolf Hitler’s, Rashida Tlaib, “ We’re, ” Tlaib, Biden’s, Joe Biden, ” Kate Bedingfield, Nikki Haley, Haley, CNN’s Kit Maher, Amanda Stewart Sprowls Organizations: CNN, Republicans, Trump, White, Progressives, Central America, Democratic, California Democrat, Congressional Progressive Caucus, Biden can’t, Republican, Texas, Massachusetts, Congressional District, Michigan Democratic, Israel, Biden White House, South Carolina Gov, Haley Locations: Mexico, Gaza, —, South, Central, California, Washington, America, Vermont, Michigan, Israel, Arizona

☆ MLB bans Padres’ Tucupita Marcano permanently for betting on baseball
▼ + stars: | 2024-06-04 | by ( Lukas Weese | ) www.nytimes.com time to read: +4 min

Major League Baseball permanently banned San Diego Padres infielder Tucupita Marcano on Tuesday for placing hundreds of bets on baseball, including wagers on the Pittsburgh Pirates when he was a member of the team last season. MLB’s Department of Investigations found Marcano placed 387 baseball bets, including 231 MLB-related bets, through a legal sportsbook in 2022 and 2023, the league said. The Department of Investigations found all four players placed MLB-related bets while in the minors. MLB said a legal sports betting operator informed the league in March that it had “identified past baseball betting activity” from accounts connected to multiple players. He placed 29 baseball bets, including 28 MLB-related bets and one parlay bet on college baseball games in 2021 and 2022, the league said.

Persons: Tucupita Marcano, Marcano, Pete Rose, Rob Manfred, Michael Kelly, Jay Groome, José Rodriguez, Andrew Saalfrank —, ”, Kelly —, Marcano hadn’t, Kelly, Groome, Rodríguez, Saalfrank, Zac BonDurant Organizations: Major League Baseball, San Diego Padres, Pittsburgh Pirates, MLB’s Department of Investigations, MLB, Pirates, Cincinnati Reds, Major League, Oakland Athletics, Padres, Philadelphia Phillies, Arizona Diamondbacks, Department, Investigations, ’, A’s, Marcano, Houston Astros, Boston Red Sox, Triple, Phillies, Chicago White, Diamondbacks, Getty

☆ Car prices are finally falling. Here's why people still aren't buying.
▼ + stars: | 2024-06-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Both new and used car prices are normalizing from pandemic peaks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCar prices are falling back down to earth, in a steady decline from 2021 peaks. According to Bank of America, overall car sales have flatlined, despite post-pandemic recoveries ing both pricing and supply. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Bank of America, EV, Service, Business

☆ An ALICE has $250,000 in student loan debt and left teaching for a stable job: 'There are many teaching college who are hungry and can't go to the doctor'
▼ + stars: | 2024-06-03 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

The 51-year-old has about $250,000 in student loan debt. Like 29% of US households, Pizza lives paycheck to paycheck, but her income is too high for most government assistance, per Census Bureau data and cost-of-living estimates analyzed by the nonprofit United Way. AdvertisementTeachers and adjunct professors are especially vulnerable to being ALICEs. Sixty percent of adjunct professors make less than $50,000 a year, despite most of them holding at least a master's degree, according to a 2022 report by The American Federation of Teachers that surveyed 1,900 adjunct professors across the US. "There are many teaching college who are hungry and can't go to the doctor," Pizza said in an email to Business Insider.

Persons: —, ALICE, Pizza, She's, Paul, she's, Joe Biden's Organizations: Service, Business, The American Federation of Teachers, BI, SNAP Locations: Twin Cities, St

☆ Airlines headed for record revenue in 2024 as travel soars, but profit margins remain thin
▼ + stars: | 2024-06-03 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

The International Air Transport Association (IATA) raised its profit forecast for the airline industry in 2024 and predicts a record revenue of $996 billion. "With a record five billion air travelers expected in 2024, the human need to fly has never been stronger. DUBAI, United Arab Emirates — The International Air Transport Association raised its profit forecast for the airline industry in 2024 and predicts revenue of $996 billion — a record high and a 9.7% jump on the previous year. But while revenues and profits are enjoying tailwinds, expenses are also soaring, leaving profit margins thin, the IATA report said. Total expenses for global airlines are expected to reach $936 billion, according to the industry body's projections — a 9.4% annual increase and a record high.

Persons: Willie Walsh, Walsh Organizations: International Air Transport Association, United Arab Emirates, Airlines Locations: Dubai, DUBAI, United Arab

☆ The bounce in long-suffering solar stocks could be for real, according to the charts
▼ + stars: | 2024-06-03 | by ( Katie Stockton | ) www.cnbc.com time to read: +6 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: TAN, Katie Stockton Organizations: Fairlead, CNBC Pro, Securities Locations: TAN

☆ They Revolutionized Shopping, With Tea Sandwiches on the Side
▼ + stars: | 2024-06-02 | by ( Alexandra Jacobs | ) www.nytimes.com time to read: +1 min

WHEN WOMEN RAN FIFTH AVENUE: Glamour and Power at the Dawn of American Fashion, by Julie SatowIn 1980, Donald J. Trump made the front page of The New York Times after assaulting a pair of scantily clad women at a Fifth Avenue department store. The sculptures’ significance was allegorical as well as architectural: Department stores, though erected mostly by men, have always been feminine domains. “The Ladies’ Paradise” is the English title of Émile Zola’s 1883 novel, set at a store modeled after Le Bon Marché, still standing in Paris despite the ravages of e-commerce. Patricia Highsmith framed her 1952 lesbian romance “The Price of Salt” at the fictional Frankenberg’s, based on Bloomingdale’s. Now Julie Satow has written a group biography of the department-store doyennes who ran the show — and these places in their heyday really were a form of theater — for the male founders and owners whose names adorned the facades.

Persons: Julie Satow, Donald J, Trump, Bonwit Teller, Émile, Le Bon Marché, Patricia Highsmith Organizations: WOMEN, New York Times, Trump Tower, Metropolitan Museum of Art, Department Locations: Paris

☆ When your kid comes out as trans, here’s what to do
▼ + stars: | 2024-06-02 | by ( Kristen Rogers | ) edition.cnn.com time to read: +11 min

CNN spoke with a doctor, gender rights activists and parents of trans children about what to say when a child comes out as transgender, how to address certain challenges and what receiving gender-affirming care is like. Some parents want to support their child but worry if their gender identity is the result of a phase, or if they’ll change their mind later. It would be their decision resulting from the exploration of their gender identity, rather than someone trying to control it for them. Rhyland’s son later realized he is trans masculine nonbinary and uses he/him pronouns, and he’s OK with Rhyland calling him her son. (Trans masculine nonbinary means someone’s gender identity is nonbinary, yet they present in a typically masculine fashion with their name, style and more.)

Persons: CNN — Maryhope Howland, ’ ”, Howland, didn’t, ” Howland, ”, Nova, Williams, Rachel Cornwell’s, Evan, Cornwell, ” Cornwell, “, Kade, It’s, Goepferd, “ There’s, ” Goepferd, Jocelyn Rhynard’s, Rhyland’s, aren’t, —, ” Rhynard, “ we’ve, ‘, ’, Rhynard, ’ ” Howland, Sarah McBride Organizations: CNN, Families United, Trans Rights, Dumbarton United Methodist Church, Human Rights Locations: Washington ,, Minnesota, Delaware

☆ Supermodels Gigi and Bella Hadid donate $1 million to aid groups supporting Palestinians in Gaza
▼ + stars: | 2024-06-02 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Read previewSupermodels Gigi and Bella Hadid have donated a combined $1 million to aid groups supporting Palestinians in the Gaza Strip, Bella Hadid's agent has said. The sisters, whose father is the Palestinian real-estate developer Mohamed Anwar Hadid, have previously voiced their support for those affected by the conflict in Gaza. "While I have hopes and dreams for Palestinians, none of them include the harm of a Jewish person," it added. Roughly 1,200 people were killed in Israel during the attacks, and around a further 240 were taken hostage in Gaza. More than 36,000 Palestinians have died in the following conflict in Gaza, according to the territory's Hamas-run health ministry.

Persons: —, Gigi, Bella Hadid, Bella, Mohamed Anwar Hadid, Mohamed Hadid, Joe Biden, Arnold Jerocki, Biden Organizations: Service, Bella, Palestine Children's Relief, United Nations Relief, Works Agency, Business, UN, Cannes, Hamas Locations: Gaza, Palestine, Palestinian, Israel, Bella, Gazan, Rafah, Tel Aviv

☆ What seven more months of war would mean for Palestinians, Israelis and the world
▼ + stars: | 2024-06-01 | by ( Abbas Al Lawati | Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

CNN —Israel has warned that its war in Gaza could extend until the end of the year. Prolonging the war could have catastrophic consequences for Palestinians in the already ravaged territory and significant repercussions for Israel and beyond, experts said. “And currently Hamas doesn’t seem to be ready to release them.”Impact on Israel’s economyThe war hit Israel’s economy hard in the immediate aftermath of October 7. As of January, the Israeli military was spending $272 million per day on the war, according to the Israeli news site Ynet. Despite these efforts, the war persists, civilian casualties rise and famine spreads in Gaza, intensifying pressure from some of his electorate.

Persons: CNN — Israel, Tzachi Hanegbi, ”, Joe Biden, “, Assaf Orion, Juliette Touma, Benjamin Netanyahu, Netanyahu, Yohanan Plesner, Plesner, Israel, Malcolm Shaw, Yaron Wax, Johanna Geron, INSS, Amir Levy, Orion, Daniel Hagari, ” Plesner, Biden Organizations: CNN, National, Institute for National Security Studies, Israel Defense Forces, London School of Hygiene, Tropical Medicine, Johns Hopkins Center, Humanitarian Health, Israel, United Nations, UN Relief and Works Agency for Palestine Refugees, Israeli, Israel Democracy Institute, International Criminal Court, International Court of Justice, United, P Global, Moody’s, Service, Troops, American, West Bank Locations: Gaza, Israel, Tel Aviv, Rafah, Europe, Palestinian, British, The Hague, Netherlands, Saudi Arabia, Riyadh, Egypt, United Arab Emirates

☆ S&P 500 enters June near a record but with growing concerns about the market's narrow leadership
▼ + stars: | 2024-06-01 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The S & P 500 is a mere 1.2% from its all-time high, yet only 60% of its member stocks are up for the year and just over 40% last week were above their 50-day moving average. .SPX YTD mountain S & P 500, 1-year We seem to undergo one of these periods of decrying a lack of market breadth every few months in recent years. Bespoke Investment Group last week looked at the small number of past instances when the S & P 500 was so close to a record yet most stocks were beneath a 50-day average. The 100-day correlation between the S & P 500 and the Dow Jones Industrial Average has hit its lowest level since the dot-com bust of the early 2000s, according to CNBC's Data & Analytics group. The S & P 500 at the highs hit 21-times forward earnings, and we've spent very little time above that outside the pandemic melt-up and the tech boom/bust a quarter-century ago.

Persons: Warren Pies, Dow, Scott Chronert, we've Organizations: Investment, 3Fourteen, Nvidia, Treasury, Microsoft, Apple, Dow Jones, Dell Technologies, Citi, UBS Locations: Banks

☆ My mom hated my nickname. It took me going by it when I went to college for her to accept it.
▼ + stars: | 2024-06-01 | by ( Jacqueline Lekachman | ) www.businessinsider.com time to read: +4 min

Read previewOn her porch in Pittsburgh, my hometown friend Annabel asked, "Remember when your mom yelled at my mom for calling you Jackie?" My mom didn't like my nicknameFor a decade, my mom and I fought over my nickname. I went by Jackie only in certain settings away from my momTo avoid fighting, I only went by Jackie in certain settings. Seven hours away from my mom and my past, I used my nickname with friends, professors, and supervisors. My mom's openness to Jackie helps me appreciate the elegance of Jacqueline and the fact that my mom chose it for me.

Persons: —, Annabel, Jackie, untraditional, Jacqueline, we'd, — I've Organizations: Service, Business Locations: Pittsburgh

☆ Stock market today: US indexes rally after cool inflation data
▼ + stars: | 2024-05-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

US indices rallied after a promising PCE report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . As projected, core PCE rose 0.2% in April. ""The equity market wants to see a slowdown in economic growth and today's PCE data provided a soft-landing report," David Donabedian said, chief investment officer of CIBC Private Wealth US. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:AdvertisementHere's what else happened today:In commodities, bonds, and crypto:

Persons: —, Friday's, David Donabedian, Eric Sterner Organizations: Dow, Nasdaq, Service, Dow Jones, Nvidia, Microsoft, PCE, CIBC Private Wealth, Federal Reserve, Apollon Wealth Management

Citi, meanwhile, initiated Lionsgate Studios with a buy rating. JPMorgan did lower its price target on Viasat to $23 per share from $30. The analyst reiterated his buy rating, noting that AI adoption is still in the early stages. The bank initiated coverage of the TV and movie studio with a buy rating. Its price target of $14 implies upside of more than 73% from Thursday's close.

Persons: Felix Liu, — Lisa Kailai Han, Sebastiano Petti, Petti, — Jesse Pound, Oppenheimer, Tyler Batory, Batory, — Hakyung Kim, Wynn, Vitaly Umansky, WYNN, Umansky, Wolfe, Eddie, Bill Carrache, Dell Dell, Wamsi Mohan, Dell, Mohan, Goldman Sachs, Michael Ng, Ng, Morgan Stanley, we're, Erik Woodring, Woodring, Jason Bazinet, LION, COVID, Fred Imbert Organizations: CNBC, Dell Technologies, Lionsgate Studios, Citi, UBS, JPMorgan, Viasat, Homes, Wynn Resorts, Seaport Research Partners, Wolfe Research, Third Bank Regional, Dell, Bank of America, DELL, Lionsgate Entertainment, Starz Locations: Bilibili, China, Viasat, Macau, Las Vegas, Vegas, Wall, Thursday's

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