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☆ Prices are easing, but wages still lag—here's when they're likely to catch up
▼ + stars: | 2024-09-16 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Looking at a different measure, median real wages — wages adjusted for inflation — have barely budged, growing at just 0.8% over the last year, as of August 2024. With wage growth cooling, the gap between wages and inflation isn't expected to close until the second quarter of 2025, according to Bankrate's projections. Leisure and hospitality workers saw wage growth of 23.7%, which is above the overall average of 17.4%. In contrast, education workers have slipped further behind, with wage gains of only 13.6% over the past three years. The Fed is widely expected to announce its first interest rate cut in more than three years this week.

Persons: there's, Sarah Foster, Foster Organizations: U.S . Department of, Federal Reserve, Wage, CNBC

☆ 'Living death' was my dad's nickname for office work. Now I'm in my 40s — and I can see why.
▼ + stars: | 2024-09-16 | by ( Ariel Sophia Bardi | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I'd spent carefree years bouncing around Kyrgyzstan and Lebanon, Sri Lanka and Mexico, India and Armenia. Advertisement"Living death," that's how my philosopher-slash-guitarist father had nicknamed office work. Author's view from hotel overlooking the Bay of Algiers Ariel Sophia BardiA freelance job helped me feel free againI needed to start living again. I make no comparison between their incredible courage and my own infinitely milder risks, which soon included drifting back to freelance work.

Persons: —, I'd, Trump, wasn't, Algiers Ariel Sophia Bardi, warbled, Rai, one's Organizations: Service, Business, Microsoft Locations: Algeria, Palms, Algiers, California, Kyrgyzstan, Lebanon, Sri Lanka, Mexico, India, Armenia, Oran

☆ Don’t expect much from stocks for the next decade, says JPMorgan
▼ + stars: | 2024-09-16 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

As investors are navigating all the buzz about this week's potential rate cut and the upcoming presidential election, JPMorgan is forecasting a serious risk to long-term stock returns. The market appears to be too expensive relative to history, according to the firm, which is projecting a 5.7% annual return from the S & P 500 over the next decade. That is barely above half its post-World War II average, analyst Jan Loeys said in a recent note to clients. .SPX 5Y mountain S & P 500 performance over the past five years. The "Great Moderation" refers to the period from the mid-1980s to 2007 that saw low inflation and steady economic growth.

Persons: Jan Loeys, Loeys Organizations: JPMorgan

☆ I moved from India to Europe for work and was living my dream. 10 years later, I walked away from it all.
▼ + stars: | 2024-09-16 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I spent the next three years with the company in India, then moved to the company's office in Dubai for two years, and then to Amsterdam. I enjoyed being done with work by 5 or 6 p.m. and having the rest of the day to myself. I'd been watching India's growth since I left and felt like I had missed the boom by leaving in 2014. I also felt like there was no career growth for me in Europe.

Persons: —, Sarvesh Rajagopal, it's, I'd, I'm Organizations: Service, United Arab, McKinsey, Business, ING, Indian Institute of Management Locations: United Arab Emirates, Netherlands, Germany, India, Dubai, Amsterdam, Berlin, Europe, Ukraine, Latin America

☆ Homebuilder stocks are 'priced for perfection,' investors needs to see lower rates driving demand
▼ + stars: | 2024-09-16 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

Stocks in the firm's coverage universe have "significantly front-loaded expected rate cut benefits, well in excess of prior fed cycles," he said. The chances of a smaller 25 basis point cut have fallen to a 41% chance. Barclays analyst Matthew Bouley is watching the data very closely as well and said a lot will depend on how consumers react as mortgage rates fall. Bouley said this is one of the clearest signs yet that a recent decline in mortgage rates is bringing buyers into the market. Slightly more than half the analysts who cover the stock rate it a buy or overweight, it said.

Persons: Mike Dahl, Dahl, Toll, Taylor Morrison, Matthew Bouley, Bouley, Horton Organizations: Federal Reserve, RBC Capital Markets, Tri, Tri Pointe Homes, Toll, RBC, KB, Barclays Locations: Tri Pointe, staving, Horton

☆ Manchester City vs the Premier League – explaining the 115* charges and how long the case will take
▼ + stars: | 2024-09-16 | by ( Jacob Whitehead | ) www.nytimes.com time to read: +20 min

The hearing which will decide whether Manchester City broke 115* of the Premier League’s financial rules begins today (Monday) in London. It has been a long time coming — over 18 months since the Premier League announced its investigation had escalated into charges in February 2023. This is The Athletic’s guide to the 115* alleged charges (yes, we will explain the asterisk). AdvertisementIf the commission finds on “the balance of probabilities” that this was not the case, City will be found guilty. Should the Premier League rules be shown to be unlawful, their argument that City have broken those rules is significantly weakened.

Persons: ”, Pep Guardiola, Naomi Baker, we’ve, Buckle, Der Spiegel, —, Abu, Roberto Mancini, Yaya Toure, City’s, Sheikh Mansour —, Al, Mancini, Abu Dhabi’s Al, Sheikh Mansour, Toure, Sheikh Mansour’s, City, “, Pep, Justin Setterfield, What’s, “ What’s, Eamonn Dalton Organizations: Manchester City, Premier, Premier League, Champions League, FA, Everton, Nottingham Forest, Forest, City Football Group, League, Der, City, Al, Sheikh Mansour’s Abu Dhabi United Group, The Premier League, UEFA, Sport, Premier League —, Newcastle United, Saudi, Investment Fund, British, The Times, Athletic, League KCs Locations: London, City, Abu Dhabi, Al Jazira, Abu, Abu Dhabi’s Al Jazira, Sheikh Mansour’s Abu Dhabi, European, Der Spiegel

☆ Stocks could hit a record this week, but the move may be short lived
▼ + stars: | 2024-09-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 is on the verge of something unexpected — especially for September. The broad market index entered the week less than 1% below a record last reached in July. Krinky isn't the only one on the Street treading carefully with the S & P 500 near record highs. "With the S & P 500 close to our YE 2024 price target again, we remain neutral on the S & P 500 for now," wrote Lori Calvasina, head of global equity research at RBC Capital Markets. "However, after a sharp move lower in 10-year yields, the earnings yield gap for the S & P 500 is starting to head in a more favorable direction for stocks," Calvasina added.

Persons: Jonathan Krinsky, BTIG, Krinsky, Lori Calvasina, Calvasina, Mark Mahaney Organizations: Traders, Federal, Market Committee, RBC Capital Markets, ISI, of Justice

☆ Aussie stocks open higher as investors digest China economic data, await Fed rate verdict
▼ + stars: | 2024-09-16 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Asian markets were set to open mixed Monday as investors digested the downbeat economic data from China released over the weekend, while several key markets were closed for holidays. Investors also await the Federal Reserve's policy meeting on Tuesday and Wednesday where the central bankers are expected to make their first interest rate cut since 2020. China released a slew of worrying economic data, with August factory output, retail sales and investment numbers missing expectations. Urban jobless rate rose to a six-month high while year-on-year home prices fell at the fastest pace in nine years. Reaction to China's disappointing economic data will be likely seen in the Hong Kong market.

Locations: China, South Korea, Japan, Hong Kong

☆ Small and mid-cap stocks could benefit from a 50 bps rate cut, says UBS' Erika Najarian
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall and mid-cap stocks could benefit from a 50 bps rate cut, says UBS' Erika NajarianErika Najarian, UBS senior equity research analyst, joins 'Squawk on the Street' to discuss what rate cuts will mean for the banking sector, news regarding Basel III capital regulations, and much more.

Persons: Erika Najarian Erika Najarian Organizations: UBS, Basel III

☆ Tropical storm-like system floods North Carolina with historic rain
▼ + stars: | 2024-09-16 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

Brunswick County Sheriff's OfficeThe Carolina Beach Elementary School was closed and students were dismissed early after classrooms started to flood, Oakley confirmed. Sunny Point, North Carolina, picked up more than a month’s worth of rain when over 9 inches fell in just three hours. CNN WeatherAreas near the North Carolina-South Carolina border – including Wilmington, North Carolina – are under a level 3 of 4 risk of flooding rainfall Monday, according to the Weather Prediction Center. A much larger level 2 of 4 risk area encapsulates most of North Carolina and northern South Carolina. In addition to heavy rain, this system could also produce a few tornadoes in eastern North Carolina Monday.

Persons: CNN — Floodwater, “ It’s, Bruce Oakley, “ We’ve, Oakley, Ashely MacBride, Lynn Barbee, hasn’t, that’s, Debby, it’ll, Ian, Elisa Raffa, Brandon Miller Organizations: CNN, Emergency, National Weather Service, Sheriff's Office, Brunswick County Sheriff's, Carolina Beach Elementary, Police, Facebook, Carolinas, Wilmington , North Carolina –, Weather, South Carolina Locations: North Carolina, Carolina Beach, ”, Carolina, Wilmington , North Carolina, Brunswick, Brunswick County, Point , North Carolina, floodwater, Wilmington , NC, Oakley, Charleston , South Carolina, South Carolina, Charleston, Myrtle Beach, North, South

☆ AI will nearly double demand for copper, which is already facing a global shortage
▼ + stars: | 2024-09-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The AI boom will nearly double demand for copper, mining firm BHP told the Financial Times. Copper is a necessary material for electrification, and AI data centers will require power capacity to expand. Chief Financial Officer Vandita Pant told the Financial Times that AI data centers will account for 6% to 7% of copper demand by 2050. These conditions caused copper prices to peak to a record high in May, though China's economic tumble has helped deflate prices to $9,207 a ton. Previously, the bank also considered copper prices to benefit from the expansion of AI data centers.

Persons: —, Vandita Pant Organizations: BHP, Financial Times, Service, Lundin Mining, Bank of America

☆ Intel shares jump on chip deal with Amazon
▼ + stars: | 2024-09-16 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat Gelsinger said in the statement Monday. The new deal, along with a $3 billion grant from the US government to boost domestic chip making and make chips for the US military, “demonstrates the continued progress we are making to build a world-class foundry business,” Intel said in the statement. Intel has changed its business model to try to become a global chip manufacturer to rival Taiwan’s TSMC.

Persons: New York CNN —, “, Pat Gelsinger, Gelsinger, Taiwan’s TSMC, It’s Organizations: New, New York CNN, Intel, Intel Foundry, Amazon Web, Qualcomm, Texas Instruments, Nvidia, AWS Locations: New York, Arizona , Oregon, New Mexico, Ohio, Germany, Poland

☆ Scenic fall drives in the US: 6 byways for your autumn foliage fix
▼ + stars: | 2024-09-15 | by ( Forrest Brown | ) edition.cnn.com time to read: +11 min

Ozark Run Scenic Byway, MissouriMissouri travel experts say Elephant Rocks State Park is a special stop during any scenic drive on the Ozark Run Scenic Byway. Lake Champlain Byway, VermontLoad up the bicycles for your Lake Champlain Byway drive in Vermont. KRose/Courtesy Local Motion/Lake Champlain Byway CouncilLittle Vermont is a big deal in New England and beyond when it comes to scenic fall drives. It “provides beautiful views of America’s sixth-largest lake, Lake Champlain, as well as of Vermont’s Green Mountains and New York’s Adirondack Mountains,” said Dan Albrecht, chair of Lake Champlain Byway Council, in an email. Eastern Sierra Scenic Byway, CaliforniaTourists flocking to view aspens, cottonwoods and maple trees along Bishop Creek Canyon near Bishop, California, which is along the Eastern Sierra Scenic Byway.

Persons: Aaron Fuhrman, It’s, ”, Katie Blake, “ We’ve, it’ll, ” Blake, • Mark, America’s, Dan Albrecht, Albrecht, •, Peter Norbeck, Johnson, Peter, James Schwabel, Katlyn Svendsen, ” Svendsen, …, Crazy, Alex Byers, Eric Knopsnyder, Frank Lloyd Wright’s, Fallingwater, George Rose, Caroline Beteta, ” Beteta, Mount Whitney, Cindy Robinson, Mabry, Ed Mabry, bibliophiles Organizations: CNN, Missouri, Missouri Department of Conservation, Village Mercantile, • Mark Twain National Forest, Champlain Byway, New England, Leahy Center, Isle State, Mount Rushmore, Travel, Lakota, Laurel, GO, Pennsylvania Department of Conservation, Resources, GO Laurel Highlands, UNESCO, Pennsylvania, CNN Travel, Scenic, California Tourists, Eastern, Sierra, Visit, Historic Park, AAA, Music, Mount Mitchell Locations: United States, Ozark, Missouri Missouri, Rocks, •, Caledonia, • Mark Twain, Terre, Knob, Champlain Byway, Vermont, Burlington, Lake Champlain, New York, Champlain, Little, New England, Green, New, Middlebury, Vergennes, England, Isle, Button, South Dakota, Travel South Dakota, • Custer, Sylvan, Laurel, Pennsylvania, Ohiopyle , Pennsylvania, GO Laurel Highlands, Laurel Highlands, Ligonier, California, Bishop, Bishop , California, Visit California, Topaz, Little Lake, Death, you’re, “, North America, • Bodie, Eastern, Pine, North Carolina, Virginia, Mississippi, Asheville

☆ SpaceX's Polaris Dawn crew returns to Earth victorious, making huge gains in Elon Musk's plans to send humans to Mars
▼ + stars: | 2024-09-15 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Read previewSpaceX's Polaris Dawn crew successfully returned to Earth on Sunday, bringing Elon Musk one step closer to his dream of settling Mars. They donned new SpaceX spacesuits that had never been tested in orbit, opened their ship to the vacuum of space, and conducted the first-ever commercial spacewalk. On top of that, they exposed themselves to high levels of space radiation, much higher than what astronauts aboard the International Space Station undergo in the same time period. People traveling to Mars would be exposed to immense amounts of space radiation for months. So the Crew Dragon spacecraft flew through two donuts of intense radiation surrounding Earth, called the Van Allen belts.

Persons: —, Elon Musk, Jared Isaacman, Jude Children's, Mars, Isaacman, Scott Poteet, Anna Menon, Sarah Gillis, Gillis, Polaris Dawn, Van Allen, Mars Polaris Dawn, they'd, 🎶S Organizations: Service, Dawn, Elon, Apollo, Business, SpaceX, St, Jude Children's Research, Polaris, US Air Force, Communications, Mars Polaris Locations: Hawthorne , California, South Texas, Gulf of Mexico, Florida's, Mars

☆ Typhoon Bebinca: Shanghai slammed by what China says is the city’s strongest storm in seven decades
▼ + stars: | 2024-09-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +3 min

The Joint Typhoon Warning Center (JTWC) said it packed top wind speeds of 130 kilometers per hour (80 mph), the equivalent of a Category 1 Atlantic hurricane. The administration on Monday issued a red typhoon warning, its most severe alert, warning of gale force winds, heavy rainfall and coastal floods in large swathes of eastern China. The typhoon is expected to quickly weaken into a tropical storm as it moves inland toward the west. Bebinca is the second major storm to hit China this month, following deadly Super Typhoon Yagi, the world’s second most powerful tropical cyclone so far this year. Shanghai is generally not in the direct path of strong typhoons, which typically make landfall further south in China.

Persons: Hong Kong CNN —, Bebinca, Yagi Organizations: Hong Kong CNN, Hong Kong CNN — Shanghai, Typhoon Warning, China Meteorological Administration, Shanghai, Shanghai Disney Resort, Disney, CCTV Locations: Hong Kong, China, Shanghai, Zhoushan, Zhejiang, Jiangsu, Bebinca, Hainan, Southeast Asia

☆ 25 cheap, quality stocks set for strong earnings growth in 2025: Goldman Sachs
▼ + stars: | 2024-09-15 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Read previewMidsize stocks are an investment straight out of the "Goldilocks and the Three Bears story," and Goldman Sachs believes they're destined for a fairy-tale ending. Goldman Sachs suspects that a reversal is coming as mid-cap earnings top those of large caps. And while small caps should post even higher earnings growth next year, that cohort is filled with unprofitable companies, Ma noted. "Low-quality segments of the market, such as small caps, will likely remain pressured at these levels due to weak balance sheets and low profitability." Below are 25 mid-cap stocks in the S&P 400 that Goldman Sachs spotlighted due to their solid balance sheets, double-digit expected earnings growth for 2025, above-average sales growth, and cheap valuations based on their forward earnings multiple versus their five-year median.

Persons: —, Goldman Sachs, Jenny Ma, Ma, they've, Goldman Organizations: Service, Business, Federal Reserve

☆ I Joined New York City's Rat Czar to Fight the City's Rodent Invasion
▼ + stars: | 2024-09-15 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

In reality, the Rat Pack offers regular citizens a crash course in rodent mitigation in hopes of inspiring them to take more active roles in what often feels like an unwinnable battle. AdvertisementThose who join the Rat Pack must complete three activities: a "rat walk" that promises to "uncover the world of urban rats," a two-hour "rat academy" on rodent-prevention methods, and a service project, like a park cleanup. If you seek to understand this rat, Corradi told our group, "you can kind of just hold up a mirror and look at yourself." Related storiesCorradi, recognizable from various press appearances and her navy Rat Pack hat, is supposed to offer New Yorkers additional peace of mind. And yet I secured my precious Rat Pack merch by doing exactly that.

Persons: Andrew Barrett, He's, Barrett, Eric Adams, Kathleen Corradi, Brooklyn's Herbert Von King, wouldn't, Corradi, haven't, Adams, Michael Parsons, we've, doesn't, there's, We've, —, I'd, shrugged, You'll Organizations: NYC, Cub Scouts, Anadolu Agency, Washington DC, Anadolu Locations: Brooklyn, Yorkers, New York, New York City, Chicago, Brooklyn's Chinatown, West Harlem

☆ Oracle gave a glimpse of the power AI has on its business. Where investors should look next
▼ + stars: | 2024-09-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

For the past three years, software stocks have suffered as revenue growth softened, and investors remain skeptical about when it will return. For Oracle, that's its cloud infrastructure — a service that has improved Oracle's fundamental growth story, Walravens argued. This strategic move positioned Oracle as a key player in AI, fueling growth in its infrastructure as a services (IaaS) business. Oracle Cloud Infrastructure is central to this growth, offering a suite of services for AI-driven workloads. SAP YTD mountain SAP stock performance year-to-date.

Persons: Raimo Lenschow, Pat Walravens, Walravens, Bernstein, Mark Moerdler, tailwinds, Goldman Sachs, Amy Hood, it's, Keith Bachman, Bachman Organizations: Oracle, Nvidia, Barclays, Investors, Software, Services, Microsoft, SAP, Citizens, CNBC, Google, Oracle Cloud Infrastructure, Microsoft Microsoft, AI Services, Wall, BMO

☆ Elon Musk has beef with the FAA. The agency still puts in a lot of work for him.
▼ + stars: | 2024-09-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

A SpaceX spokesperson did not respond to a request for comment sent during the weekend. AdvertisementIn an interview on Monday at the All-In Summit, Musk mocked the FAA for the time it has taken the agency to approve SpaceX launches. An FAA spokesperson did not respond to a request for comment sent during the weekend. Unfortunately for the FAA, Musk isn't doling out any points for trying. Murray defended his office against claims from SpaceX and Musk that the agency was needlessly delaying the launch of Starship.

Persons: —, Elon, Musk, Steven Kulm, Daniel Murray, Murray, There's, Trump, Christian Grose, I'm, they're Organizations: Service, Federal Aviation Administration, SpaceX, Business, FAA, Elon, Biden Administration, New York Times, Transportation Office, Global Aerospace Summit, Bloomberg, Summit, Twitter, University of Southern Locations: DC, University of Southern California

Where to watch Tulsa King in the USNew episodes of Tulsa King are available on Paramount+ in the US. It costs $12 a month or $120 a year Check price at ParamountWhere to watch Tulsa King in the UKNew episodes of Tulsa King will also stream on Paramount+ in the UK. Where to watch Tulsa King in AustraliaIt's a similar story in Australia, where Tulsa King will also stream on Paramount+. Where to watch Tulsa King in New ZealandTulsa King Season 2 should air on TVNZ+ in New Zealand. Tulsa King Season 2 trailerParamount+ released a trailer for the new season in mid-August, showcasing just what The General has been up to since the Season 1 finale.

Persons: Tulsa King, Sylvester Stallone, Dwight, Manfredi, Andrea Savage, Martin Star, Jay Will, Taylor Sheridan, you'll, ExpressVPN Organizations: Business, Tulsa, Tulsa King, Yellowstone, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, New Zealand Tulsa King, TVNZ Locations: Tulsa , Oklahoma, Kingstown, Yellowstone, Tulsa, Australia, New Zealand

My mom is a little old-fashioned and has been upset with me for letting my boyfriend significantly influence my financial decisions. She has said multiple times that a man should have no say in my finances until he's put a ring on my finger. One, your mom has hard-won life experiences to offer, and you would be wise to hear her out. Only that we shouldn't reject our parents' advice out of hand simply because they're "old-fashioned" or we think they're "projecting". Instead, it's about nobody having a say over anyone else's finances until they have a genuine stake in them.

Persons: We're, he's, I've, they've, That's Organizations: Service

☆ Shanghai slammed by Typhoon Bebinca, strongest storm to hit in seven decades
▼ + stars: | 2024-09-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +1 min

Hong Kong CNN —Shanghai was brought to a standstill on Monday morning by what authorities say was the strongest typhoon to directly hit the Chinese financial hub in more than seven decades, with flights, trains and highways suspended during a national holiday. Typhoon Bebinca made landfall in an industrial suburb southeast of the metropolis of 25 million people around 7:30 a.m. local time. The Joint Typhoon Warning Center (JTWC) said it packed top wind speeds of 130 kilometers per hour (80 mph), the equivalent of a Category 1 Atlantic hurricane. The storm is the strongest to make landfall in Shanghai since 1949, according to Chinese state media. The China Meteorological Administration on Monday issued a red typhoon warning, its most severe alert, warning of gale force winds and heavy rainfall in large swathes of eastern China.

Persons: Hong Kong CNN —, Bebinca Organizations: Hong Kong CNN, Hong Kong CNN — Shanghai, Typhoon Warning, China Meteorological Administration, Shanghai Disney Resort Locations: Hong Kong, Shanghai, China

☆ Average base pay raises at larger corporations projected to be just under 4% next year
▼ + stars: | 2024-09-15 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +3 min

New York CNN —Mostly large US corporations are projecting an average increase in their base pay budgets of 3.9% for next year, according to a new survey of 300 compensation leaders across 11 major industries from The Conference Board. That is lower than the 4.4% average increase they paid out in 2023, which marked a 20-year high for base pay raises. But it is a tick up from the 3.8% bump that companies were paying out this year, according to The Conference Board. Base pay budget increases are typically viewed as a proxy for the average raises employees may receive. Actual base pay increases next year may be different if economic and business conditions change.

Persons: Dana Peterson Organizations: New, New York CNN, The Conference Board, Conference Board, Base, ” Conference Board Locations: New York

As hosts of the next World Cup, the U.S. automatically qualifies for the tournament. In the 2022 World Cup, the U.S. was knocked out by the Netherlands in the round of 16. Asked by host Roger Bennett on the “Men in Blazers” podcast what success means for the U.S. in the upcoming World Cup, Pochettino was unequivocal. “We win the World Cup,” Pochettino responded. “I think we need to dream that we are going to win the World Cup.

Persons: Mauricio Pochettino, who’s, ”, Matt Crocker, ” Crocker, Pochettino, Germain, Christian Pulisic, “, Gregg Berhalter, Harry Kane, Dele Alli, Pochettino’s, haven’t, ” Pochettino, Berhalter, Berhalter’s, Paris Saint, Kylian, Lionel Messi, ’, Todd Boehly, They’ve, Messi, Roger Bennett Organizations: Argentine, Soccer Sporting, Copa America, Chelsea, Paris Saint, Tottenham, Milan, Christian, U.S, English Premier League, Tottenham Hotspur, Tottenham vacillated, UEFA Champions League, Spurs, English League, Champions League, Liverpool, Premier League, Manchester City, men’s, “, Pochettino’s Spurs, Borussia Dortmund, League, Arsenal, PSG, Real Madrid, MLS, Columbus Crew, South, Blazers Locations: U.S, Paris, Manhattan, Argentine, Uruguay, Netherlands, City, Liverpool, American, France, South American

☆ S&P 500 rallies back to old highs, setting up Fed meeting to be make or break moment
▼ + stars: | 2024-09-14 | by ( Michael Santoli | ) www.cnbc.com time to read: +6 min

The market's turn toward treating good economic news as positive for stocks is pictured here in a chart from Citi strategists, showing the three-month correlation between the S & P 500 and the Citi U.S. Economic Surprise index has turned sharply higher. The S & P 500's low for the week was Wednesday morning, right at the 5400 level where it previously hit a low a week ago Friday after a tepid employment report. Forward 12-month S & P 500 earnings forecasts continue to rise smartly, now approaching $270. But, thanks to the past two months of sideways churn, that's down from 21.7 when the S & P first hit its current level in July. And the rally last week could well have front-run any potential positive inference from the Fed's move next week.

Persons: Ally Financial, Ed Hyman, Loretta Mester, William Dudley, John Kolovos Organizations: Citi, Citi U.S, Fed, Ally, CPI, Wall Street, Financial Times, Treasury, National Association of Active Investment, American Association of

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