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☆ Branding Chewy a meme stock is bad for the pet retailer, according to Wall Street analysts
▼ + stars: | 2024-07-01 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Chewy shares started swinging wildly after online personality Roaring Kitty revealed a big stake , but Wall Street analysts believe being branded as a meme stock is not good for the pet retailer. The meme stock leader, whose legal name is Keith Gill, has taken a 6.6% stake in Chewy, making him the third-largest shareholder. An initial boost in the share price — it surged 18% in two days early last week — has quickly faded, with shares falling more than 5% Monday. Many believe BC could use any rally in Chewy stock to sell more of its stake, putting a temporary ceiling on the shares. The dynamic could be at play Monday as Chewy's stock opened 9% higher, only to quickly give up all the gains and turn lower.

Persons: Chewy, Kitty, Keith Gill, —, David Bellinger, Gill, Don Bilson, Gordon Haskett, Seth Basham, Michael Bloom Organizations: GameStop, AMC, BC Partners, Partners Locations: Chewy

☆ Within a year of completing solar-installation training, I landed a full-time job that lets me live the life I want
▼ + stars: | 2024-07-01 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +4 min

Now he has a marketing job for a solar company that offers flexibility and career mobility. My career has been the wildest ride since I got my solar-installation training just a year ago. AdvertisementI graduated in May 2023 and, after a summer job traveling to Alaska to create educational programs, started job searching in the solar industry in the fall. The solar industry needs everything that any other industry needs, and the growth is happening so fast. When I envision the future of my solar career, it seems like the sky's the limit.

Persons: Aaron Nichols, —, Nichols, he's, I've, It's Organizations: Service, North American Board of Certified Energy, , SunCast Locations: Alaska

☆ I quit multiple dream jobs to move for my husband's career. It was tough but led me to create a flexible 6-figure business.
▼ + stars: | 2024-07-01 | by ( Emily Reagan | ) www.businessinsider.com time to read: +7 min

Read previewI became a freelance marketing assistant without planning to in 2010 when my husband's military career forced me to quit yet another dream job. As we moved frequently over the previous seven years, I always landed new jobs, but starting over in every town didn't help my career progression. AdvertisementI advise new digital service providers to skip admin services and offer marketing services immediately. Marketing services are also the most flexible. I found that freelancers can hit the upper five figures and into the $100+/hour range by niching into specialized marketing services.

Persons: —, I'd, VAs, you've, Emily Reagan Organizations: Service, Oklahoma City, Business, DC, Facebook, Air Force Locations: Washington, DC, Oklahoma

☆ Mark Cuban is offloading a portion of his NFTs—one already sold for over $30,000
▼ + stars: | 2024-07-01 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

For the first time in two years, Mark Cuban is selling a portion of his collection of non-fungible tokens — and he's already made a little over $39,000. Most notably, he sold his Pudgy Penguin NFT for $30,950. Cuban could rake in even more money for his digital collectibles. Cuban has been a longtime collector of the virtual tokens and still has nearly 1,600 items in his cryptocurrency portfolio. Like other physical collectibles, such as comic books or postage stamps, NFTs may hold sentimental value to the collector.

Persons: Mark Cuban, NFT, NFTs, they're Organizations: ETH, Cuban, CNBC Locations: OpenSea

☆ A new index is using AI tools to measure U.S. economic growth in a broader way
▼ + stars: | 2024-07-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Measuring the strength of the sprawling U.S. economy is no easy task, so one firm is sending artificial intelligence in to do the job. The Zeta Economic Index, launched Monday, uses generative AI to analyze what its developers call "trillions of behavioral signals," largely focused on consumer activity, to score growth on both a broad level of health and a separate measure on stability. At its core, the index will gauge online and offline activity across eight categories, aiming to give a comprehensive look that incorporates standard economic data points such as unemployment and retail sales combined with high-frequency information for the AI age. "The algorithm is looking at traditional economic indicators that you would normally look at. But then inside of our proprietary algorithm, we're ingesting the behavioral data and transaction data of 240 million Americans, which nobody else has," said David Steinberg, co-founder, chairman and CEO of Zeta Global.

Persons: David Steinberg Organizations: Zeta Economic Index, Zeta

☆ Extended CDK outage brings chaos to car dealers
▼ + stars: | 2024-06-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate. Piecemeal progressThe outage began last Wednesday after two cyber incidents halted the company’s systems, which provide software to nearly 15,000 car dealerships across North America, according to CDK. “I work at a major body shop, and it has really hurt us,” one worker wrote to CNN about the outage. “15,000 dealerships is an awful lot to have control over when you do the math,” Irvin said of CDK. And after more than a week at home, Phillips’ boss texted him to return to work on Friday.

Persons: “ It’s, ”, Bernard Irvin, “, ” ‘, Norm Phillips, hadn’t, ” Phillips, “ I’ve, CDK, Phillips, ” Phillips wasn’t, ” Irvin, Irvin, texted, “ I’m Organizations: CNN, CDK, Workers, Ford, Anderson Economic, Dealer, Benz, Honda, Ford Bronco Sport, Ford Bronco Locations: Greenville , South Carolina, North America, New Jersey

☆ Here are our top 3 and bottom 3 stocks during a divergent second quarter
▼ + stars: | 2024-06-30 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

The Nasdaq was the big winner of the second quarter, adding 8.26% over the past three months thanks to an artificial intelligence-powered tech rally. Best Performers NVDA YTD mountain Nvidia YTD Nvidia continued to be the top-performing stock in the portfolio for the second quarter in a row, gaining 36.73%. AAPL YTD mountain Apple YTD The second big winner was Apple , which rose 22.82% in Q2. Worst Performers EL YTD mountain Estee Lauder YTD Estee Lauder was the worst name of the second quarter for the Club portfolio, losing 30.98%. DIS YTD mountain Disney YTD The second worst performer was Disney , which dropped 18.85% in April through June.

Persons: Dow, Blackwell, Jensen Huang, Lauder YTD Estee Lauder, Disney, Nelson Peltz, Disney's, Decker, Stanley Black, Jim Cramer's, Jim Cramer, Jim, Eduardo MunozAlvarez Organizations: Dow Jones, Nasdaq, CNBC, Club, Nvidia, Management, Apple, Apple Intelligence, iPhone, Broadcom, Investors, Asia Travel, DIS, Disney, Federal, Jim Cramer's Charitable, Corbis, Getty Locations: U.S, China, Asia, India, Square

☆ More companies are staying quiet during Pride, but money is still flowing to LGBTQ+ causes
▼ + stars: | 2024-06-30 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +8 min

A GLAAD spokesperson said Friday that the group has not seen donations or corporate support decline this Pride month, though it does not yet have a total tally. Pride Month merchandise is displayed at a Target store on May 31, 2023 in San Francisco, California. A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman. For its part, Bud Light hasn't posted in support of Pride month on its Instagram or X pages this year.

Persons: Stephen J, Cohen, Bud Light, Luke Hartig, Tim Bennett, Bennett, Sarah Kate Ellis, Ellis, JPMorgan Chase, Booking.com, Joe Biden, Justin Sullivan, Bud, Target, Natalie Behring, Kid Rock, Ron DeSantis, influencer Dylan Mulvaney, Bud Light's, Michel Doukeris, Bud Light hasn't, Neil Reid, Reid, Tarang Amin, Tara Dziedzic Organizations: Getty, Gravity Research, D.C, Fortune, Tribury Productions, Procter & Gamble, GLAAD, Stonewall, Monument Visitor Center, New, Google, JPMorgan, Target, Pride Month, Anheuser, Busch, Busch InBev, Florida Gov, Constellation Brands, Modelo, InBev, UFC, RBC, University of Toledo, Fox News, The New York Stock Exchange, NYSE Locations: Louisville , Kentucky, Washington, New York City, San Francisco , California, Arco , Idaho, U.S, RBC Europe

☆ Fathom, the company behind classic films at your local theater, is making major gains in moviegoing
▼ + stars: | 2024-06-30 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

At a time when the box office is starved for content and audiences seem pickier than ever, Fathom Events is posting record revenue gains. In 2023, Fathom generated $100 million at the box office, a 116% increase over 2019 levels and its highest-grossing year ever. "These audiences are getting to enjoy classic films, either for the first time or for the first time, in a new way. Last year, the film extended its release to five days and snared $7.1 million, making it the highest-grossing classic film release in Fathom history. "They worked out the licensing and they created the marketing behind re-releasing these classic films that, you know, we just can't do ourselves.

Persons: Cinemark, Andrea Bocelli, Paul Dergarabedian, Jesus, Brock Bagby, Jordan Hohman, Oz, Alfred Hitchcock's, Bagby, Fathom, Ray Nutt, Hohman Organizations: AMC, Hollywood's, Fathom, B, Phoenix Theatres, Ghibli, Dallas Locations: Comscore

☆ A financially independent entrepreneur shares the 'ticket for passive income' — and how she plans to grow from a six-figure business to 'multiple seven figures'
▼ + stars: | 2024-06-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLiz Wilcox brings in, on average, $40,000 a month from her email marketing business — and she's not logging a lot of hours. Her business brought in five figures while she competed on the reality TV show without access to the outside world. AdvertisementThanks to the way she's set up her business, "I really could disappear for a month," said Wilcox. Because almost every business, if they're doing it right, is doing email marketing."

Persons: —, Liz Wilcox, I've, Wilcox, Burger King, We've, Liz, she'd, we'd Organizations: Service, Business, BI Locations: Destin , Florida

☆ Top Wall Street analysts favor these dividend stocks for better returns
▼ + stars: | 2024-06-30 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Darden RestaurantsThe first dividend stock is Darden Restaurants (DRI), which operates several popular brands in full-service dining, including Olive Garden, LongHorn Steakhouse and Yard House. While Darden exceeded analysts' earnings expectations, its sales slightly missed the Street's consensus amid increased discounting by rivals. Moreover, the company announced a dividend hike of nearly 7%, bringing the quarterly dividend to $1.40 per share. (See International Seaways' Stock Charts on TipRanks)CitigroupFinally, let's discuss this week's third dividend stock, banking giant Citigroup (C).

Persons: Wall, Darden, Peter Saleh, Saleh, TipRanks, Benjamin Nolan, Nolan, INSW, Goldman Sachs, Richard Ramsden, Ramsden Organizations: Darden, Olive Garden, LongHorn, Citigroup, Management, Citi, Services Locations: Olive, Rohnert Park , California

☆ Morgan Stanley says this is the stock to play China's EV industry consolidation
▼ + stars: | 2024-06-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Morgan Stanley has resumed coverage of Hong Kong-listed Geely with an overweight rating on expectations the Chinese automaker can weather macro and industry uncertainties. "We see Geely as a beneficiary of market consolidation," Morgan Stanley Asia equity analyst Tim Hsiao and a team said in a June 25 report that resumed coverage of the stock. Hangzhou-based Geely entered China's auto industry in 1997 and is known for acquiring Volvo in 2010. But the company raised the share of its new energy vehicles to 32% so far this year, higher than peers such as Great Wall Motor, for which the share is 23%, the Morgan Stanley analysts pointed out on Tuesday. The Morgan Stanley analysts on Tuesday set a price target of HK$11.20 ($1.43), about 27% above where shares closed Friday.

Persons: Morgan Stanley, Tim Hsiao, Geely, PHEV, Morgan Stanley's, BYD, bode Organizations: U.S, European Union, Lynk, Volvo, HK Locations: Hong Kong, Morgan Stanley Asia, Hangzhou, New York, China, EVs

☆ Costner’s Costly ‘Horizon’ Bites Box Office Dust
▼ + stars: | 2024-06-30 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

“Inside Out 2,” starring a personified Anxiety, continued to resonate with moviegoers as the No. The dread-infused prequel “A Quiet Place: Day One” also struck a cultural nerve, arriving to stronger-than-expected ticket sales. “Inside Out 2” from Pixar was on pace to collect $55 million, for a three-week total of roughly $470 million in the United States and Canada, according to estimates by box office analysts on Saturday. The well-reviewed sequel is nearing $1 billion in worldwide ticket sales. No movie has reached that sales threshold since “Barbie,” which was released in July 2023.

Persons: ”, Kevin Costner’s, Old, Barbie Organizations: Pixar Locations: North America, United States, Canada

☆ ‘Inside Out 2’ is the first movie of 2024 to top $1 billion at global box office
▼ + stars: | 2024-06-30 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —“Inside Out 2” has become the fastest-ever animated film to surpass $1 billion globally, shooting past the box office milestone this weekend, just 19 days after its release. “The film’s remarkable success is a testament not only to the incredible creativity of the Pixar team but an example of moviegoing at its very best.”The resounding success of “Inside Out 2” has jolted a sluggish 2024 box office. The movie is the highest grossing film of the year, and the first to pass $1 billion since “Barbie,” which came out last July. Daniel Loria, editorial director at Box Office Pro, which collects sales and showtime data from thousands of movie theaters across the United States, projects this year will see an overall domestic box office total between $8.1 billion and $8.4 billion, down from 2023’s total of more than $9 billion, the highest since the pandemic. Another surprise hit or two, and we may get a lot closer to matching that $9 billion than we all expected coming into the year.”

Persons: “ We’re, Tony Chambers, we’ve, ’, ”, Paul Dergarabedian, “ Barbie, Dory, Daniel Loria Organizations: New, New York CNN, Pixar, Disney, Box, showtime Locations: New York, United States

☆ Sizzling out? As peak barbecue season begins, fewer Americans are buying grills
▼ + stars: | 2024-06-30 | by ( Erika Tulfo | ) edition.cnn.com time to read: +9 min

Lockdown was a grill (seller)’s best friendIt’s not a result of Americans cooking outside on grills less. Roy Morchian, owner of American Royal Hardware in Montclair, New Jersey, says grill sales have returned to pre-pandemic levels at the local True Value franchise. Downey sees Home Depot’s grill sales stabilizing now following the lockdown-driven high. Weber Grills are offered for sale at a home improvement store on July 23, 2021 in Palatine, Illinois. Traeger Grills holds demos and activations at Home Depot, Ace Hardware, and specialty retailers across the country.

Persons: Weber, ”, Brian Bushfield, It’s, Roy Morchian, Paul Glader, Joe Downey, Jessica Hernandez, ” Corey Martin, Traeger’s, Covid, ” Martin, Downey, Scott Olson, Jeremy Andrus, Simeon Siegel, they’re, “, Price, Shikhiu Ing, fryer, Andrus, Ayla Dunkley, Dunkley Organizations: CNN, West, Barbecue Association, American, Hardware, Depot Senior Merchant, CNN San Diego Grill, Texas, Grill, Downey, Getty, Weber, Rewards, Depot, BMO Capital Markets, US Department of Agriculture, “, ”, American Farm Bureau Federation Locations: Traqline, San Diego , California, Covid, Montclair , New Jersey, Montclair , NJ, Houston, Palatine , Illinois, Bloomfield , New Jersey, Newark , New Jersey, Pennsylvania

☆ A new era of smartphone wars is about to begin
▼ + stars: | 2024-06-30 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Competition may have died down but the original smartphone wars were so intense for Steve Jobs he once declared that he'd start a "thermonuclear war." Smartphone wars in the AI eraThe smartphone market has been lagging. The company will be banking on Apple Intelligence being a hit with consumers, potentially revitalizing sales in markets like China. Samsung Galaxy S24 lineup. SamsungThe South Korean tech giant must be hoping to regain its crown as king of the smartphone market.

Persons: —, Steve Jobs, Jobs, Walter Isaacson, Justin Sullivan, Assurant, Tim Cook, Siri, Apple, OpenAI, iPhones, Wang Gang, it's Organizations: Service, Apple, Samsung, Business, Android, Google, Samsung Galaxy, Samsung's, Apple Intelligence, Worldwide, Huawei, Project Astra, Galaxy, South, IDC Locations: China, Paris

☆ 33-year-old pays $2,146/month for 556-square-foot studio in California furnished 'almost entirely with Costco': Take a look inside
▼ + stars: | 2024-06-30 | by ( Claudia Chee | ) www.cnbc.com time to read: +6 min

Photo: Bart Vandever for CNBC Make ItWhy Costco means so much to meCostco was a shopping staple for my family when I was growing up. Photo: Bart Vandever for CNBC Make ItI like to lie on my couch and lose myself in classical music on my piano. Photo: Bart Vandever for CNBC Make ItIn woven side baskets, I stash my Costco pajamas, keeping everything neat and organized. An outdoor space with possibility The outdoor space isn't fully furnished yet. I'm very excited to use my outdoor space and my paddle board this summer.

Persons: Bart Vandever, Costco, Costco Claudia, I've, they've, I'm Organizations: Costco, CNBC, Kirkland Locations: San Francisco Bay, Fremont , California

☆ Real-estate agents are now TV stars as big as the homes they sell, according to 2 men who saw potential 20 years ago
▼ + stars: | 2024-06-30 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

AdvertisementBut the process sparked an idea: Real-estate brokers might be stars who are just as big as the homes they sell. Real estate was not an easy sell to TV executives at firstThe cast of Barbato and Bailey's new show, "Owning Manhattan," on Netflix. For "Owning Manhattan," the duo said they filmed 20 different sales listings represented by Serhant and his fellow brokers, but only seven resulted in deals. In the first episode of "Owning Manhattan," Serhant shows off a listing atop the world's tallest residence, the three-story penthouse at Central Park Tower, asking $195 million. Viewers will follow Serhant in "Owning Manhattan" as he attempts to make his namesake brokerage firm the No.

Persons: —, Fenton Bailey, Randy Barbato, Debby Berg, Berg, Barbato, Bailey, Tracy Tutor, Altman, Ryan Serhant, Theo Wargo, he's, Gore, That's, dealmaking, Serhant, We're, They're Organizations: Service, Business, Hollywood, Los Angeles, Bravo, Netflix, Gore Vidal's, Tower Locations: Angeles, Los Angeles, New York City, LA, Brentwood, Beverly Hills, New York, Miami, San Francisco, Manhattan, Los Angeles and New York, Gore Vidal's Los Angeles, Real

☆ The US housing market has entered bizarro world
▼ + stars: | 2024-06-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

The US housing market is distorting a core principal of economics: supply and demand. Home prices soared to record highs in May, even as existing home sales fell and supply of homes for sale jumped. AdvertisementThe US housing market has officially entered bizzaro world. The law of supply and demand is a basic principle of any free market, and right now, it's being subverted by strange happenings in the real estate market. "When it comes to the housing market, the laws of supply and demand don't seem to apply any longer," economist David Rosenberg said in a note this week.

Persons: David Rosenberg, —, it's Organizations: Service, Business

☆ Nike is struggling to get its stride back
▼ + stars: | 2024-06-29 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

One answer rests in what the company calls its "lifestyle" business — basically, shoes and clothing meant for casual wear. Related storiesWhile revenue from performance products grew in Q4, declines in its lifestyle business overshadowed them, contributing to the worse-than-expected results. AdvertisementIn its last fiscal year, lifestyle products have grown to about 60% of Nike's business, UBS analyst Jay Sole estimates. "One of our big takeaways from Nike's 4Q report is its lifestyle business needs a major reset," Sole said. While CFO Friend said management is "confident that we are repositioning Nike to be more competitive," investors have yet to be convinced.

Persons: —, Matthew Friend, Friend, John Donahue, Jay Sole, Donahue, Jefferies, Randal Konik, Simeon Siegel, we're Organizations: Service, Business, Nike, Reuters, UBS, Nike's, Street, BMO Locations: China, Portland, Nike's

☆ EV sales have hit a speed bump. Using AI to improve their batteries could get more people back in the driving seat.
▼ + stars: | 2024-06-29 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Chemix is using machine-learning algorithms to develop EV batteries that can charge more quickly, hold more energy, and last longer than current EV power units. Koeller said the primary advantage of using AI to design EV batteries is that it dramatically speeds up the process. Better EV batteriesDesigning EV batteries is a three-step process, Georgia Tech assistant professor Micah Ziegler told BI. The solid-state electrolyte they discovered relies less on lithium, an increasingly rare resource that forms the core of today's EV batteries. Mueller said that PNNL's collaboration with Microsoft has convinced him that generative AI could have applications far beyond speeding up EV battery design.

Persons: —, Jason Koeller, Koeller, Micah Ziegler, Ziegler, Karl Mueller, Mueller, it's Organizations: Service, Business, EV, Georgia Tech, BI, Pacific Northwest National Laboratory, Microsoft Locations: California

☆ How do you actually network to land a new job? Microsoft's ex-VP of HR explains
▼ + stars: | 2024-06-29 | by ( Chris Williams | ) www.businessinsider.com time to read: +7 min

AdvertisementStep outside your bubble and network with other organizations in your industryBetter yet, get outside your current organization. Outside your organization, they're at that conference you went to last year. The conversation should be about the person you're networking withRemember in these conversations to make the discussion all about the person you're networking with. AdvertisementThe results take time but can last foreverThe results of great networking aren't fast. But a great network can last a lifetime.

Persons: —, I've, Anne, Gee, you've, You'd, let's Organizations: Service, Business, Microsoft

☆ Ryan Serhant wants to capture his bad days on camera and show how luxury real-estate is hard
▼ + stars: | 2024-06-29 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

Advertisement"We were showing people what they had never seen before," Serhant, 39, told Business Insider. "The real estate isn't what's exclusive anymore," Serhant explained. Serhant passed down wisdom to new agentsRyan Serhant and his team of agents want to become the #1 real estate firm in New York City in their new Netflix show. "The show is going to be great if it's the most vulnerable real estate show on the planet and the most authentic," he told BI. In the first episode of "Owning Manhattan," Serhant said he wants his eponymous firm, just four years old, to be the No.

Persons: —, Instagram, Ryan Serhant, Serhant, it's, he's, Chloe Tucker Caine, Tricia Lee Organizations: Service, New York, Business, Netflix, Television, YouTube, Benz Locations: New York City, Greenwich, Manhattan, New, Brooklyn, York City, Miami, Greece

☆ These could be the next big food and beverage trends
▼ + stars: | 2024-06-29 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

More than 2,400 companies exhibited their foods and drinks for attendees, which include restaurant operators, specialty food retailers and trendspotters. Past show trends that are making their way to mainstream consumers' palettes include yuzu, mushrooms and sophisticated alcohol substitutes. Tinned fishKrill Arctic Foods' tinned krill meat Amelia Lucas | CNBCIn years past, tinned fish was relegated primarily to booths in the Spanish and Portuguese pavilions. TikTok helped fuel the tinned fish trend last year, boosting sales of canned sardines. Companies at the Summer Fancy Food Show showed off some new options to level up the charcuterie — especially the salami.

Persons: Jacob K, Jerry's, Amelia Lucas, Honey, Bee, Fish, Salumi Organizations: Specialty Food Association, Javits Convention, Products, CNBC, Acme, International, Companies Locations: New York, caffe, Spanish, Alaska

☆ Jobs and beer: 3 labor reports and an earnings release are the big events next week
▼ + stars: | 2024-06-29 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

The U.S. stock market will be closed Thursday for the Fourth of July holiday. Economic data The main event is Friday's June nonfarm payrolls report, which is among the most important monthly data releases for investors. The ADP report isn't as market moving as the nonfarm payrolls report, but expect investors to use to game the nonfarm payrolls report out later in the week. The June ISM Services report on Wednesday also will shed light on services in the U.S. economy. ET: Nonfarm Payrolls (Jim Cramer's Charitable Trust is long STZ.

Persons: Dow, we're, Jim Cramer, Donald Trump, Joe Biden, Democrats —, Thursday's, —, we'll, nonfarm payrolls, Dow Jones, Payrolls, Jim Cramer's, Jim, Michael Nagle Organizations: Nasdaq, Dow Jones, Walgreens, Nike, Republicans, Democrats, Energy, Utilities, Constellation Brands, Labor, Corona, Cinco, Industrial, Markets, CNBC, Bloomberg, Getty Locations: U.S

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