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☆ Trump could drive inflation higher with his second-term economic agenda, analysts say
▼ + stars: | 2024-04-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Scott Olson | Getty Images News | Getty ImagesFormer President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for creating. We have a ring around the country," Trump said in a TIME interview released Tuesday, referring to aggressive tariffs he has promised to impose in a second term. Yet economists and Wall Street analysts agree that these plans would likely drive consumer prices higher. "A second Trump term could bring higher tariffs, attempts to weaken the dollar, even higher deficits, deportation of illegal immigrants, and other policies that could put upward pressure on inflation," Piper Sandler analysts wrote last week. Reached for comment, the Trump campaign said, "under President Trump, inflation was non-existent, gasoline was cheap, groceries were affordable, and the American Dream was alive and well."

Persons: Donald Trump, Scott Olson, Joe Biden, Trump, Jay Powell, Piper Sandler, Donald Trump's, Paul Ashworth, Wells Organizations: Clinton Middle School, Getty, Wall Street, Trump, Federal, Wall, Capital Economics, North, U.S ., Wells Locations: Clinton , Iowa, China, Mexico, South Carolina, North America

☆ These are the most overbought and oversold stocks on Wall Street after a wild week of trading
▼ + stars: | 2024-04-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

The stock market ended the volatile week lower, but there could still be opportunities for plenty of companies' shares to rebound. CNBC Pro used its stock screener tool to find the most overbought and oversold stocks on Wall Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70 are considered overbought, which indicates that shares might soon turn lower. Devon Energy made the list of overbought stocks, dominated by oil and gas producers, with an RSI of 82. On the other hand, Texas-based life insurer Globe Life , with an RSI of just 3, is among the most oversold stocks on Wall Street.

Persons: Roger Read, Devon, Wells, Deere, Lamb Weston, FactSet, —, Fred Imbert Organizations: Dow Jones, CNBC Pro, Devon Energy, Exxon Mobil, Barclays, Exxon, Truist Securities, Deere, Globe, Research, Securities Locations: Devon, Wells, Delaware, Illinois, Texas, Lamb, Idaho

The information for the following product(s) has been collected independently by Business Insider: Navy Federal Credit Union® Platinum Credit Card, Navy Federal Credit Union® More Rewards American Express® Credit Card, Navy Federal Credit Union® nRewards® Secured Credit Card, Citi® Diamond Preferred® Card, Citi® Diamond Preferred® Card. Navy Federal Credit Union® Platinum Credit Card QualificationsYou'll need to be a Navy Federal Credit Union member to be eligible for the Navy Federal Credit Union® Platinum Credit Card. Navy Federal Credit Union® Platinum Credit Card RewardsThe Navy Federal Credit Union® Platinum Credit Card doesn't earn rewards from spending. Navy Federal Credit Union® More Rewards American Express® Credit Card vs. Navy Federal Credit Union® Platinum Credit CardThe Navy Federal Credit Union® More Rewards American Express® Credit Card is designed for consumers with good to excellent credit. Navy Federal Credit Union® nRewards® Secured Credit Card vs. Navy Federal Credit Union® Platinum Credit CardThe Navy Federal Credit Union® nRewards® Secured Credit Card is designed for people who want to build or repair their credit, and may be a good option if you can't qualify for a Navy Federal Credit Union® Platinum Credit Card due to low credit.

Persons: Federal nRewards, cardholders, Read, Cardholders, — Organizations: Business Insider, Navy Federal Credit, Card, Navy Federal Credit Union, Citi, Federal Credit, Credit, National Guard, Department of Defense, DOD, The Navy Federal Credit, Federal Credit Union, Emergency Assistance Navy Federal Credit, Federal, American, Walmart, Wells, Citi Diamond Preferred, Navy, Navy Federal, of Defense, Business Locations: Wells

☆ These US restaurants and chefs are 2024 James Beard Award finalists
▼ + stars: | 2024-04-03 | by ( Marnie Hunter | ) edition.cnn.com time to read: +9 min

CNN —A New Orleans restaurant featuring a modern Senegalese tasting menu and an Ethiopia-born chef who studied psychology before turning to a culinary career are among the restaurants and chefs named as finalists for the coveted James Beard Awards. The finalists for the Restaurant and Chef Awards were announced Wednesday in Washington, DC. In the Emerging Chef category, Fariyal Abdullahi, executive chef at Hav & Mar in New York, is among the five finalists. Masako Morishita moved to Washington, DC to be a cheerleader for the Washington Commanders. Fariyal Abdullahi, executive chef at Hav & Mar in New York, is among the five finalists in the Emerging Chef category.

Persons: James Beard, Fariyal Abdullahi, Abdullahi, Chef Marcus Samuelsson’s, Masako Morishita, Andy Thomas Lee, Chef Serigne Mbaye’s, Sarah Minnick, Dean Neff, foodie, James Beard’s, “, ” Beard, Mamba, Nadia Nijimbere, Yenvy Pham, Phở, Chris Viaud, Hollis Wells Silverman, Erika Whitaker, Kelly Whitaker, Michael Rafidi, Renee Touponce, David Uygur, Dallas , TX, Scott Suchman, Justin Hamel, Janet Becerra, Ryan Fernandez, Baker, Susan Bae, Jesus Brazon, Manuel Brazon, Atsuko Fujimoto, Crystal Kass, Valentine, Anna Posey, Gemma, Lula Drake Wine, Morris, Vin, Geoff Davis, Rogelio Garcia, Auro, Maynard Llera, Kuya, Tara Monsod, Billy ” Ngo, Vinnie Cimino, Cordelia, OHJose Salazar, Sarkar, Hajime Sato, Sozai, Jenner, Tony Conte, Jesse Ito, Matt Kern, Harley Peet, Kevin Tien, Ann Ahmed, Rob Connoley, Dan Jacobs, Dan Van Rite, Christina Nguyen, Hai, Tim Nicholson, Brandon Cunningham, Ali Sabbah, Matt Vawter, Penelope Wong, Yuan Wonton, Nick Zocco, Atsushi Kono, Chris Mauricio, Charlie Mitchell, Clover, Jeremy Salamon, Conor Dennehy, Talulla, Maria Meza, David Standridge, Jake Stevens, Cara Tobin, Honey, Avery Adams, Matia, Kristi Brown, Josh Dorcak, Gregory Gourdet, Melissa Miranda, Jamie Davis, The, Rod Lassiter, Parnass Savang, James London, Chubby Fish, Robbie Robinson, Paul Smith, Valerie Chang, Hunter Evans, Jackson, Gabriel Hernandez, Carlos Portela, Rene Andrade, Jeff Chanchaleune, Ma Der, Steve, Steve Riley, Eduardo Rodriguez, Zacatlán, Emmanuel Chavez, Christopher Cullum, Cullum’s Attaboy, Tracy Malechek, Ezekiel, Birdie’s, Misti Norris, Petra, Ana Liz Pulido, Ana Liz Taqueria Organizations: CNN, Lyric Opera, Hav, Culinary Institute of America, Noma, Mar, Washington Commanders, Dakar NOLA, Texas :, James Beard Foundation, The New York Times, D.C, Albi Restaurant, Washington Post, New York Times, Nikko, SC, Comfort, Dakar, Caracas Bakery, Lula, Woodford Food & Beverage, Beverages, Social Haus, UT, New, Pacific, PR Locations: New Orleans, Ethiopia, Washington ,, Chicago, New York, Copenhagen, Washington, Perry’s, Portland , Oregon, Wilmington , North Carolina, Texas, Texas : West Texas, Marfa, Mixtli, San Antonio, Detroit , MI, Seattle, WA, Greenleaf, Ansanm, Milford, Wolfeboro, NH, The Wells, Boulder, Portland, Wilmington , NC, Albi , Washington, The, Lucia, Dallas ,, Albi, Washington , DC, Santa Fe, Marfa , TX, San Antonio , TX, Springs, , New York, NY, Pancita, Kultura, Charleston, Southern Junction, Buffalo , NY, Waitsburg, Lockhart , TX, Carmel, CA, Dorchester, MA, Dakar NOLA , New Orleans, LA, Hayward, McMinnville, Orlando, FL, Nashville, TN, Nixta , Minneapolis, MN, Shan, Bozeman, Albuquerque, NM, Long Beach , CA, Hudson, Bakery, Caracas, Doral, Miami, Phoenix, AZ, Elske, IL, Son, Raleigh , NC, Dallas , TX, Columbia, San Francisco , CA, Anaheim , Anaheim , CA, , Washington, Buffalo, Montpelier, VT, Baltimore, , New Orleans, Brownsville , TX, San Francisco ,, California, Burdell, Oakland, Calistoga, Los Angeles , CA, San Diego , CA, Kru, Sacramento, Lakes, MI, Cleveland, Mita’s, Cincinnati, Indienne, Clawson , MI, Esmé, NJ, PA, Philadelphia, Fenwick, Bas Rouge, Easton, KS, MO, Khâluna, Minneapolis, St, Louis, EsterEv, Milwaukee , WI, Hai Hai , Minneapolis, Omaha, UT, Greenough, MT, Salt Lake City, Rootstalk, Breckenridge, Denver, Urban, Sofreh, Brooklyn, Kono , New York, Harana, Accord, Clover Hill, RI, Cambridge, Dolores, Providence , RI, Leeward, Burlington, Island, MÄS, Ashland, kann, Musang, KY, NC, The Hackney, Washington , NC, Talat, Atlanta, West Columbia, Maty’s, Elvie’s, Verde Mesa, San Juan, Saffron , New Orleans, Bacanora, Oklahoma City, Henderson, NV, Mesa, Tatemó, Houston , TX, Austin , TX, Mission

Lou Whittaker saved dozens of lives during numerous rescue efforts over his career, RMI said. Lou Whittaker declined to join the Everest expedition that made his brother famous because he and a partner were planning to open a sporting goods store in Tacoma. Lou Whittaker took thousands of clients up Mount Rainier, and made it a point of pride how his company trained its guides and clients alike. Lou Whittaker survived avalanches, severe storms and other harrowing episodes, and he lost several friends or clients on expeditions. Lou and Jim Whittaker led the party that attempted to recover the victims, but they were never found.

Persons: — Lou Whittaker, Rainier, “, Whittaker, Jim Whittaker —, Jim Whittaker, Lou Whittaker, Camp, “ Lou Whittaker, Jim, ”, Ed Viesturs, Lou Whittaker's, Peter, Lou, Everest, he'd, ” Lou Whittaker, Ingrid, Kim Organizations: SEATTLE, Everest, RMI Expeditions, Boy Scouts, Olympus, RMI, Mountaineers, Rainier Mountaineering Inc, Mount Rainier, U.S, Associated Press, Seattle Times Locations: American, Washington, Seattle, Port Angeles, Mount, Camp Hale , Colorado, Rainier, Denali, Tacoma

☆ Fed could cut rates fewer times than expected as economy keeps growing, according to CNBC survey
▼ + stars: | 2024-03-19 | by ( Steve Liesman | ) www.cnbc.com time to read: +2 min

But the possible downside of the better forecast: less Fed easing with the possibility that officials at their meeting this week forecast fewer rate cuts in 2024 they did in December. The CNBC Fed Survey respondents include economists, strategists and fund managers. And while the average recession probability is down, about 20% of respondents still say there's an even money chance or greater of a downturn in the next 12 months. "The larger-than-consensus reduction in the federal funds rate in my forecast is contingent on a recession that brings inflation down," said Robert Fry, of Robert Fry Economics. He has a 60% recession probability and sees the Fed slashing rates to 3.6% by year end from the current level of 5.38%.

Persons: Jerome Powell, Tom Williams, John Donaldson, it's, Scott Wren, Robert Fry Organizations: UNITED STATES, Federal, Banking, Housing, Urban Affairs Committee, Inc, Getty, CNBC Fed Survey, Haverford Trust Co, Wells, Investment Institute, CNBC Fed, Robert Fry Economics Locations: U.S

☆ Nvidia stock dips after company unveils latest AI chips
▼ + stars: | 2024-03-19 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Nvidia shares dipped 3% on Tuesday morning after the company unveiled its new generation of artificial intelligence chips, called Blackwell. The company also announced a new enterprise software product known as Nvidia Inference Microservice, which makes it easier to run older generations of Nvidia GPUs. Still, the Wells Fargo analysts wrote the news reinforced their "long-standing positive thesis" on Nvidia's technology and monetization opportunities. "Based on our recent industry conversations, we expect Blackwell to be the fastest ramping product in Nvidia's history," the analysts wrote in a note to investors. "Nvidia has played (and will continue to play) an instrumental role in democratizing AI across many industry verticals."

Persons: Jensen Huang, Blackwell, Taylor Swift, Jensen, Bernstein, NVDA, Goldman Sachs Organizations: Nvidia, Intelligence, SAP Center, Monday, Wells, Goldman Locations: San Jose , California, San Jose

☆ She’s the boss: The ‘she-conomy’ boom continues with new business growth
▼ + stars: | 2024-03-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

In 2019, that picture looked quite different: 29% of new business owners were women, according to Gusto. The US Census does not break out new business formation by gender, and the most recent available data on women-owned businesses is from 2021. The business growth and the community impact garnered her a Young Entrepreneur Award from the US Small Business Administration. Filling the (skilled trades) gapYelp also found that in 2023, women opened more new home services businesses than beauty businesses. “There has absolutely been an uptick in interest over the last few years in this [skilled trades] work” by women, Perez said.

Persons: Bernadette Corbeil, “, ”, Corbeil, she’s, ” Tara Lewis, Bernadette Corbeil Yelp, Yelp, Abby Vandenberg, Ventureneer, Geri Stengel, Wells, Marie, Cyr, Marie Saint, leapfrogged, Saint, ” Lewis, workforces, Allie Perez, Perez, didn’t, Blythe Zemel, Ginny Stogner McDavid, Bernadette Corbeil’s, I’ve, ’ ” Organizations: CNN, Artemis Construction, Wells, Marie Saint, Cyr, New York City Public Schools, US Small Business Administration, NYC, of Labor Statistics, National Association of Women, Construction, Alamo City, George Plumbing Company, Texas Women, AFL Locations: Wildwood , Missouri, hyperdrive, ”, New York, SIBSPlace, Rockville Centre , New York, New, Saint, San Antonio, Alamo, happenstance, Harris, In Missouri

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). The information for the following product(s) has been collected independently by Business Insider: Wells Fargo Autograph Journey℠ Visa® Card. The new Points Transfer program launches April 4, and is available to all points-earning Wells Fargo credit cards, including the current Wells Fargo Autograph℠ Card. The Wells Fargo Autograph Journey℠ Visa® Card will be available for in-person applications at select Wells Fargo bank locations on March 9. Be the first to read our full Wells Fargo Autograph Journey credit card review here, or check out Business Insider's guide to the best travel credit cards, the best Wells Fargo credit cards, and other Wells Fargo products.

Persons: lifemiles, —, Wells, Wells Fargo Organizations: Business, Air France, KLM, British Airways Executive Club, AerClub, Read, Service, Airlines, British Airways Executive Club Iberia, Sapphire, Capital Locations: Iberia, Wells Fargo, Wells

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). The information for the following product(s) has been collected independently by Business Insider: Wells Fargo Autograph Journey℠ Visa® Card. The new Point Transfer program launches April 4, and is available to all points-earning Wells Fargo credit cards, including the current Wells Fargo Autograph℠ Card. The Wells Fargo Autograph Journey℠ Visa® Card will be available for in-person applications at select Wells Fargo bank locations on March 9. Be the first to read our full Wells Fargo Autograph Journey credit card review here, or check out Business Insider's guide to the best travel credit cards, the best Wells Fargo credit cards, and other Wells Fargo products.

☆ Anthony Kim mysteriously disappeared from golf 12 years ago. Now LIV Golf appears to be teasing his return
▼ + stars: | 2024-02-28 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

Now, a tour that didn’t exist when he left appears to be teasing his return from golf’s wilderness. “Welcome back and to the LIV Golf family mate. The golf world has missed you.”CNN has reached out to LIV Golf for comment. Breakout starThree-time PGA Tour winner Kim has not been seen at a pro tournament since withdrawing with an injury following the first round of the Wells Fargo Championship in May 2012. His career earnings total over $12 million, according to the PGA Tour.

Persons: CNN — It’s, Anthony Kim teed, LIV Golf’s, Rex Hoggard, LIV, Kim, Greg Norman, ”, ” Norman, LIV Golf, Achilles, Stan Badz, Brandon Malone Organizations: CNN, NBC Sports, ” CNN, Wells, Championship, University of Oklahoma, PGA, Valero Texas, Wachovia, T, USA, Ryder, T National, Congressional Country Club, Shell Houston Locations: Saudi Arabia, Jeddah, Los Angeles, Kentucky, Bethesda , Maryland, Europe, Mexico, Las Vegas, Saudi

☆ Tech Layoffs Scare Employees but Make Wall Street Investors Happy
▼ + stars: | 2024-02-22 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

It may seem counterintuitive for Wall Street to reward companies for letting people go. After all, layoffs are usually thought to be a sign that the business isn’t doing so hot. And while a lot of the layoff talk is concentrated in tech, investors were also quite pleased about job cuts at Estée Lauder . Many companies took an aggressive approach to hiring during the pandemic, particularly tech companies whose engagement boomed while everyone was stuck at home. The tech companies developing AI products are the best positioned to try them out.

Persons: Estée Lauder, ”, Scott Kessler, Goldman Sachs, Sameer Samana, moonshot, Ted Mortonson, Baird, Kessler, ” Mortonson, hasn’t, Emily Stewart Organizations: Bloomberg, Third, Companies, Wells, Investment Institute, Business Locations: Samana

☆ Young people are flocking to Florida. It's boosting the state's economy, but living there comes with hidden costs.
▼ + stars: | 2024-02-19 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

Florida, which has long attracted new residents thanks to its beaches and absence of state income tax, is getting an economic boost driven by young Americans seeking new opportunities. AdvertisementYoung people are driving Florida's economic strength. Getty ImagesFlorida's economy is growing thanks to the newcomersFlorida's population surge is driving the state's robust economy and demand for housing. The Sunshine State's economy is projected by Wells Fargo to expand in 2024, propelled by a robust job market. Thanks to the more damaging weather, Floridians paid more for home insurance in 2023 and the second-most for car insurance compared with other states.

Persons: —, Wells, Sean Pavone, Wells Fargo, Taylor Tyson, Miami —, Policygenius, Hurricane Ian, Matias J, Forbes, Michael Bordenaro Organizations: Service, Smart Asset, " Employers, Wells, —, Census, SEC, Miami, Miami Herald, Tribune, Getty Locations: Florida, Florida . Florida, Tampa , Florida, Wells, — New York , California, New Jersey, California, New York, Florida — Jacksonville, Tampa, Hurricane, Miami, St, Petersburg

ALBUQUERQUE, N.M. (AP) — A Texas company has reached a multimillion-dollar settlement with the federal government and the state of New Mexico to address air pollution concerns in the largest oil and gas producing region in the United States. New Mexico Environment Secretary James Kenney said he's concerned about the compliance rate for companies operating in New Mexico, describing it as terrible. The civil complaint targeting Apache comes nearly a year after federal and state officials announced a similar agreement with another producer in the Permian Basin over violations. In 2022, an investigation by The Associated Press showed 533 oil and gas facilities in the region were emitting excessive amounts of methane. In all, state officials said the recent consent decrees with energy companies cover about 15% of oil and gas production in New Mexico and about 9% of the wells.

Persons: —, Apache, James Kenney, he's, ”, Kenney, “, Apache's Organizations: Apache Corporation, Federal, Apache, Associated Press, Environmental, Gas Methane Locations: ALBUQUERQUE, N.M, Texas, New Mexico, United States

Tim McGraw — his name also the title of one of Swift's early breakout hits — delivered the game ball. Swift joined other Philly luminaries Patti LaBelle and John Oates as 2008 World Series anthem singers. Hackash said the team mostly worked through Swift’s family, including her parents Scott and Andrea, to snag an appearance. Her first Reading game was kind of a stepping stone to get something on tape to send to the Sixers. Former Sixers manager of game operations Kathy Drysdale said in 2002 that Swift’s voice caught her attention immediately on a tape submitted by Scott Swift.

Persons: Taylor Swift, Swift, Francis Scott Key, Travis Kelce, belting, ”, Stone, “, ” Swift, —, Tim McGraw —, Patti LaBelle, John Oates, Bucky, askew, Rob Hackash, Hackash, Scott, Andrea, ” Hackash, Allen Iverson, Kathy Drysdale, Scott Swift, ” Drysdale, Matt Cord, ” Cord, ‘, Jeremy Carroll, Tim McGraw, Kelce, ___ Organizations: PHILADELPHIA, The U.S, NASCAR, Philadelphia Phillies, Phillies, Philly, Reading Phillies, Baseball, Reading, Swifts, Sixers, 76ers, Reading Eagle, Wyomissing High, Former Sixers, Wells, Center, ”, Lincoln Financial, Philadelphia Eagles, Eagles, Kansas City Chiefs Locations: , Pennsylvania, The, Wyomissing , Pennsylvania, Nashville, Texas, South Carolina, Pennsylvania, Philly

☆ IAEA Chief Says Zaporizhzhia Nuclear Plant Has Enough Cooling Water - Russian Agencies
▼ + stars: | 2024-02-07 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

MOSCOW (Reuters) - U.N. nuclear watchdog chief Rafael Grossi visited the Russian-occupied Zaporizhzhia nuclear power plant in Ukraine on Wednesday and said there were enough wells on site to supply cooling pools, Russian news agencies reported. The International Atomic Energy Agency (IAEA) also rotated its team of observers who are permanently stationed at Zaporizhzhia, the agencies reported. Russia seized control of Europe's largest nuclear power plant after launching a full-scale invasion of Ukraine in February 2022, and its six nuclear reactors are now idled. Nuclear plants need enough water to cool their reactors and to help prevent a nuclear meltdown. Grossi was accompanied on his visit by Russian soldiers who have occupied the territory in southeastern Ukraine where the nuclear plant is located since soon after the 2022 invasion.

Persons: Rafael Grossi, Grossi, John Davison, Timothy Heritage Organizations: International Atomic Energy Agency, IAEA, TASS, Reuters Locations: MOSCOW, Ukraine, Zaporizhzhia, Russia, Russian

☆ How Supreme Court affirmative action decision is impacting college applicants. 'The barriers are already so high,' one legal expert says
▼ + stars: | 2024-02-05 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

The percentage of first-year applicants identifying as Black or Latino jumped 12% and 13%, respectively, year over year, outpacing other groups. At the same time, colleges are seeing an increase in first-generation applicants and international students, the Common App found. The financial aid factorFor many families, the price tag is the most significant sticking point when it comes to college access. Black households also tend to borrow more than households to finance a higher education. And because of historic racial and economic inequities, Black student loan borrowers struggle to repay their debt more than their white peers.

Persons: it's, Cara McClellan, Biden, Bryan Cook, Cook, Elise Colin, Colin, McClellan, Wells Organizations: Racial, Civil Justice Clinic, University of Pennsylvania Carey Law School, Finance, Urban Institute, Urban, University of California, University of Michigan, Federal Student Aid Locations: Wells Fargo

The study found military personnel stationed at U.S. Marine Corps Base Camp Lejeune were at higher risk for some types of leukemia and lymphoma and cancers of the lung, breast, throat, esophagus and thyroid. Camp Lejeune was built in a sandy pine forest along the North Carolina coast in the early 1940s. People who got sick after being at Camp Lejeune also have criticized the federal government for being slow to investigate. Frank Bove, a senior epidemiologist, has led the agency's Camp Lejeune research for many years and was in charge of the latest study. A federal law signed by President Joe Biden in August 2022 included language to address concerns of people who developed certain health problems they believe were linked to Camp Lejeune water contamination.

Persons: Camp Lejeune, Lejeune, David Savitz, ”, —, Richard Clapp, Aaron Bernstein, Frank Bove, Clapp, Joe Biden Organizations: — Military, U.S . Marine Corps Base, Brown University, Military, Marine Corps, Agency, Toxic Substances, Centers for Disease Control, Camp Lejeune, Boston University, Lejeune, Pendleton, Battelle Memorial Institute, Camp, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Camp, Carolina, United States, U.S, Camp Lejeune, North Carolina, Atlanta

(AP) — Residents of an east Arkansas town have been without running water for the past two weeks after the state was hit by below-freezing temperatures, and the outage has forced them to line up for bottled water, fill up jugs or take showers at a truck brought in by the state. The town faced a similar crisis last summer, when the same part of the city was without water in June. The outages are affecting one of two water systems for Helena-West Helena, which was two separate cities until 2006. Each day, distribution sites for the water have seen a steady line of people filling up on water to use for their homes. He said citizens in general have been understanding of the emergency water distribution process.

Persons: ”, John Edwards, ” Russell Hall, ” Mack Williams, “ You’ve, ” Gerald Jennings, “ I’ve, “, ” Laprece, Pipes, Sarah Huckabee Sanders, Sanders, ” Hall, Edwards, “ We've, ___ DeMillo, Rebecca Reynolds Organizations: HELENA, WEST HELENA, — Residents, Emergency Management, National Guard, ”, Arkansas Natural Resources Commission, Associated Press Locations: Arkansas, Helena, West Helena, Memphis , Tennessee, Mississippi, Phillips, Tennessee, Mason, Kentucky, Virginia, Little, Louisville , Kentucky

NEW YORK (AP) — N. Scott Momaday, a Pulitzer Prize-winning storyteller, poet, educator and folklorist whose debut novel "House Made of Dawn" is widely credited as the starting point for contemporary Native American literature, has died. “His Kiowa heritage was deeply meaningful to him and he devoted much of his life to celebrating and preserving Native American culture, especially the oral tradition." Like Joseph Heller’s “Catch-22,” Momaday’s novel was a World War II story that resonated with a generation protesting the Vietnam War. Addressing a gathering of American Indian scholars in 1970, Momaday said, “Our very existence consists in our imagination of ourselves.” He championed Natives' reverence for nature, writing that "the American Indian has a unique investment in the American landscape." Audio guides to tours of the Smithsonian Institution's Museum of the American Indian featured Momaday's avuncular baritone.

Persons: Scott Momaday, Momaday, “ Scott, ”, Jennifer Civiletto, “, Kiowa, John Joseph Mathews, Marshall Sprague, Scott Momaday's, Joseph Heller’s “, Leslie Marmon Silko, James Welch, Louise Erdrich, Joy Harjo, Robert Redford, Jeff Bridges, George W, Bush, Regina Heitzer, Cael, Navarre Scott Mammedaty, Momaday's, Fran McCullough, Billy the Kid, ” Redford, Scott, “ I’m, ” Momaday, Russell Contreras Organizations: HarperCollins, PBS, American Indians, New York Times, Stanford, Princeton, NPR, of, Academy of American Poets, Kiowa Nation, Smithsonian Institution's Museum, Indian, University of Mexico, Associated Press Locations: Santa Fe , New Mexico, New Mexico, Jemez Pueblo, Vietnam, American, Columbia, Dayton, Lawton , Oklahoma, Arizona , New Mexico, North Dakota, Wyoming

☆ Top money managers warn that 2024 earnings expectations are getting out of hand, even as Wall Street firms scramble to raise their S&P 500 targets
▼ + stars: | 2024-01-18 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Goldman Sachs"We expect price increases to be driven by modest earnings growth and well-supported price-to-earnings multiples," wrote Austin Pickle, a strategist at WFII, in a January 16 note. Stucky continued: "I've never seen a re-acceleration in earnings growth — which is what the baseline expectation is for earnings — absent some sort of economic recovery or an acceleration in economic growth. He noted that many factors influence profits, but added that his forward model suggests there's earnings risk ahead. Bianco said he expects flat or mid-single-digit earnings growth for stocks in most sectors. However, he said that during expansions, GDP growth is a poor predictor of earnings growth.

Persons: Goldman Sachs, Austin Pickle, Jonathan Golub, Golub, Matt Stucky, Stucky, I've, Brad Klapmeyer, He's, Klapmeyer, Anthony Saglimbene, —, Saglimbene, Saglimbene doesn't, David Bianco, Bianco Organizations: Business, Wells, Investment Institute, UBS, Federal Reserve, Northwestern Mutual Wealth Management, Macquarie Asset Management, DWS Group

☆ Boeing’s stock tumbles after report warns investigation will open ‘a whole new can of worms’
▼ + stars: | 2024-01-16 | by ( David Goldman | ) edition.cnn.com time to read: +8 min

The Wells Fargo report, entitled “FAA audit opens up a whole new can of worms,” noted that Boeing’s quality control and engineering problems have been ongoing for years. After part of an Alaska Airlines] 737 Max 9 jet fell off the plane mid-flight, the likelihood of the US Federal Aviation Administration coming out of its investigation without significant findings was very low. The FAA last week opened an investigation into Boeing’s quality control after the Alaska Airlines incident. He also said Boeing is now more closely monitoring the work of a key supplier that builds the 737 Max fuselage. Wells Fargo analysts noted in their report that the FAA investigation could take some time to complete, noting many of its probes remain “under investigation” months after the original incidents.

Persons: Wells, ”, Max, Boeing “, Kirkland H, Donald “, Donald, David Calhoun, Stan Deal, Deal, Mike Whitaker, Calhoun, Jennifer Homendy, United Airlines —, —, Pete Muntean, Chris Isidore, Ramishah Maruf Organizations: New, New York CNN, Boeing, Wall, FAA, Alaska Airlines, US Federal Aviation Administration, NTSB, US, CNN, National Transportation, United Airlines Locations: New York, Portland , Oregon, Alaska, United, Indonesia, Ethiopia

☆ Gary Woodland says he was gripped by fear of death before brain surgery
▼ + stars: | 2024-01-11 | by ( Jack Bantock | ) edition.cnn.com time to read: +7 min

CNN —American golfer Gary Woodland said he was “fear-driven every day, mostly around death” in the months before undergoing brain surgery last year. Yet the most debilitating symptom, Woodland explained, was a daily fear of death. Hector Vivas/Getty ImagesThe scan ruled out Parkinson’s disease, yet revealed what looked to be a tumor on his brain. “You can imagine leading up to surgery how I felt going into having my head cut open and operated on. The fear going into that was awful.”Woodland is back for the new tour season.

Persons: Gary Woodland, Woodland, “, ”, “ I’ve, Hector Vivas, You’re, ’, ‘, I’ve, nauseous, ’ Didn’t, Jared C, Tilton, –, Kevin C, Cox, I’m, …, he’s Organizations: CNN, Sony, Woodland, Wells, PGA, Wyndham Championship, I’m, Wyndham, Getty Locations: Mexico, Vallarta, Honolulu, Kansas City

☆ The 'phantom debt' of buy now, pay later is growing and will soon hit some Americans hard
▼ + stars: | 2024-01-10 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

Buy now, pay later plans gained popularity in 2023 as an alternative to high-interest credit cards. Buy now, pay later use surged recently and those bills are now dueThe use of buy now, pay later plans skyrocketed during the 2023 holiday season. According to Adobe, which tracks online sales, buy now, pay later plans use was up 47% on Black Friday and 43% on Cyber Monday. According to PYMNTS' survey, 39.6% of respondents used buy now, pay later plans for clothing and accessories and 33.7% used them for groceries. Buy now, pay later debt can be advantageous if used correctly.

Persons: —, Rather, Peter Cade, PYMNTS, Tim Quinlan, Shannon Seery Grein, Selcuk, Mark Luschini, Janney Montgomery Scott, Maria Bartiromo, Luschini, Warren Buffett, Buffett, I've Organizations: Service, Federal Reserve Bank of Philadelphia, Adobe, Household Economics, Science Research Network, Economic, Anadolu Agency, Getty, Wells, US Locations: Wells Fargo

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Review: Wells Fargo Active Cash card reviewInk Business Cash® Credit CardBest for office supplies Ink Business Cash® Credit Card Apply now lock icon An icon in the shape of lock. The Capital One Venture X Rewards Credit Card is a premium travel credit card that earns 2 Capital One miles per dollar on most purchases. Excellent, Good, Fair Pros Check mark icon A check mark. Annual Fee $0 Intro APR N/A Regular APR 20.49% Variable Intro Offer N/A Recommended Credit Excellent Pros Check mark icon A check mark.

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