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☆ Stock futures are little changed after Dow, S&P 500 hit record highs: Live updates
▼ + stars: | 2024-09-24 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Stock futures were calm on Tuesday evening as Wall Street looks to extend its September gains. Nasdaq 100 futures ticked up less than 0.1%, and futures tied to the Dow Jones Industrial Average dipped 0.1%. The moves come after the S&P 500 and Dow closed at record highs after gaining 0.25% and 0.20%, respectively. "I'm a buyer of this rally until unemployment claims start rising, until earnings start declining, really until growth's a problem. Investors will also be paying close attention to commentary from companies, especially as earnings season ramps up early next month.

Persons: Lauren Goodwin, We're, Scott Welch Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones, Dow, Federal Reserve, New York Life Investments, CNBC Locations: New York City

☆ A labor slowdown could ruin America's soft-landing hopes and cause a 10% stock correction, Morgan Stanley CIO says
▼ + stars: | 2024-06-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

A weakening jobs market could trigger a 10% stock correction, says Morgan Stanley CIO Mike Wilson. He told Bloomberg that if non-farm payrolls fall under 100,000, it could break the soft-landing narrative. AdvertisementThe job market could make or break stocks, with any sudden weakness possibly triggering a meaningful correction, Morgan Stanley CIO Mike Wilson told Bloomberg TV. Mike Wilson said. For this reason, current market highs make sense, he told Bloomberg, as investors load in on quality on growth trades.

Persons: Morgan Stanley, Mike Wilson, Wilson, — Organizations: Bloomberg, Treasury, Service, Federal Reserve

☆ Cramer's Lightning Round: ServiceNow is a buy
▼ + stars: | 2024-05-15 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Matterport's year-to-date stock performance. Let's leave it behind..."Stock Chart Icon Stock chart icon Safehold's year-to-date stock performance. Stock Chart Icon Stock chart icon ServiceNow's year-to-date stock performance. Stock Chart Icon Stock chart icon Oklo's year-to-date stock performance. Stock Chart Icon Stock chart icon Canopy Growth's year-to-date stock performance.

Organizations: GE Vernova

In particular, the researchers looked at a group dubbed "disconnected youth," who aren't working and are also not in school. As of 2022, disconnected youth comprised 13% of this age group; that share has been rising overall since 1998, according to calculations from the Federal Reserve Bank of Dallas. AdvertisementYounger Americans are facing stagnant incomesThe Dallas Fed found that, even after a post-pandemic dip, the rate of disconnected youth has increased since the end of the 1990s. AdvertisementAnd the number of young adults with no income has been on the rise; in 1990, around one in five young adults said they had no wage or salary income. Are you or were you a "disconnected youth," or supporting one?

Persons: —, Louis, Gen, Zers, Louis Fed's, Louis Fed, William M, Rodgers III, Rodgers Organizations: Service, Louis Federal Reserve's Institute for Economic Equity, Business, Federal Reserve Bank of Dallas, Dallas Fed, Federal Reserve's Survey, Consumer, Louis Fed, National Health, Blacks, Louis, Louis Fed's Institute for Economic Equity

☆ Private-equity and VC investors look to sports, AI, and live events as the era of peak TV draws to a close
▼ + stars: | 2024-03-07 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

That was a far steeper decline than the overall venture funding market, which declined 38% in 2023, the report said. (The report was based on data from Crunchbase, which Alignment Growth is an investor in.) Investors have been flocking to AI, live entertainment, and sports. Sports M&A nearly tripled in three years to $27.9 billion in 2023, driven by deals for team franchises, the Alignment Growth report showed. High ticket prices for live entertainment could dampen attendance, especially if consumer confidence takes a hit.

Persons: Wade Holden, Anthony Jasenski, CBRE's, Jasenski, haven't, IATSE, Alex Iosilevich, Schlogel, Craig Thompson Organizations: Venture, Business, Disney, Warner Bros, Global, P Global Market Intelligence, Blackstone, Bain Capital Real, Deloitte, Teamsters, Hollywood, Investors, Sports, Atwater, Mindspring Capital Locations: Hollywood, Crunchbase, Americas, OpenAI

☆ This investor has returned 50% in 12 months. Here's what she's betting on next
▼ + stars: | 2024-02-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Not for herself, but for the stocks she scoops up for Thrivent's Large Cap Growth fund — even when growth shows signs of slowing. On a total return basis, investors in the fund have netted 48% in the last 12 months, according to FactSet. Thrivent Large Cap Growth climbed to the 18th percentile among more than 1,200 growth funds in 2023, up from the 73rd percentile in the disastrous 2022, Morningstar data shows. Maybe that's because as an analyst, Brunner's background was in large cap consumer staples and large cap retail and discretionary stocks, after starting out covering specialty apparel retailers. "It's just a really exciting spot to be in," Brunner said of studying growth stocks.

Persons: Lauri Brunner, Wall Street's, Brunner, Brunner doesn't, Thomas, Jensen Huang, Amazon's Organizations: Amazon, Meta, Morningstar, FAF Advisors, RBC Capital, Thrivent, Tech, University of St, Nvidia, Microsoft, Netflix, Walmart Locations: Thrivent, it's

☆ Meta suffered another costly glitch that caused advertisers to overspend — and some say the problem is getting worse
▼ + stars: | 2024-02-23 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

The ad buyers said they did not know what caused Meta's glitch. And there's no guarantee ad buyers will ever get the full amount they've lost. Advertisers continue to battle Meta glitchesThe overspending glitch is the latest in many issues advertisers have had with Meta's ad tools breaking. He estimated that he spends five to 10 hours a month per client working on Meta glitches. "If I look at where we spend most of our money across four platforms — which is Google, Microsoft, Amazon, and Meta — Meta would be the one who's the most dysfunctional," he said.

Persons: —, Tom Brown, CPMs, Brown, Andrew Faris, Milo McMahon, Faris, I'm, Duane Brown, McMahon, AJF Growth's Faris Organizations: Service, Business, Meta, BRND Labs, Outdoor, Google, Microsoft

☆ The public sector funded a lot of technological innovation. Economist Mariana Mazzucato says that should be factored into the price consumers pay
▼ + stars: | 2023-11-16 | by ( Mark Licea | ) www.cnbc.com time to read: +2 min

Mazzucato spoke with CNBC about how the public, private and third sector can work together to co-create value and share both risks and rewards. "The whole notion of stakeholder value should have become a real kind of call to arms of how do we create value differently," Mazzucato said. "We need to bring communities, workers, public and private institutions together to create value in a more collective, better way." It created growth, it created profits. Mazzucato said success in the private sector often begins with significant contributions from the public, and wealth distribution should reflect those contributions.

Persons: Mariana Mazzucato, Mazzucato, Siri, you've Organizations: University College London, CNBC, GPS, Consulting Industry

☆ ‘Unusual environment’: ETF experts see rare circumstance for growth vs. value trade
▼ + stars: | 2023-11-15 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Value exchange-traded funds have lagged growth in 2023 due to an unusual circumstance unfolding in the market, according to two experts. As of Tuesday's close, the iShares S&P 500 Growth ETF (IVW) has gained 22.84% this year. The iShares S&P 500 Value ETF (IVE) is up 11.27% in the same period. The IVE value ETF fell 7.38% last year, while the IVW growth ETF dropped 30.08%. "If you think about this, that's a really tough pill to swallow for value investors after it appeared value was turning the corner in 2022 following years of underperformance," he added.

Persons: Tom Hancock, Bob Pisani, Nathan Geraci, Geraci, Hancock Organizations: Quality, Big Locations: CNBC's

☆ Canopy Growth's second-quarter core loss narrows on easing costs
▼ + stars: | 2023-11-09 | by ( Sourasis Bose | ) www.reuters.com time to read: +2 min

A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 .Picture taken January 4, 2018. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsNov 9 (Reuters) - Pot producer Canopy Growth (WEED.TO) reported a smaller second-quarter adjusted core loss on Thursday on the back of cost cuts. Canopy Growth said it cut another C$54 million in costs during the reported quarter. The company's adjusted core loss narrowed to C$11.9 million ($8.62 million) for the three months ended Sept. 30, compared with a loss of C$56.4 million a year earlier. Canopy Growth's net revenue fell 21% to C$69.6 million in the quarter as the company exited its retail Canadian business.

Persons: Chris Wattie, Judy Hong, Sourasis Bose, Shounak Dasgupta Organizations: REUTERS, U.S . Securities, Exchange, Holdings, Wana, Thomson Locations: Smiths Falls , Ontario, Canada, United States, Bengaluru

☆ Americans' average rent payments have jumped to $2,047. This chart shows how affordability has evolved in the last decade.
▼ + stars: | 2023-10-12 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

The typical rent in the US climbed 3.2% year-over-year to hit $2,047 in September, Zillow data shows. AdvertisementAdvertisementThe typical US monthly rent payment climbed to $2,047 in September, according to Zillow data. While the total monthly bill is higher on average, the rate of rent price growth has slowed down for 19 consecutive months. Typical monthly rent prices hit $1,281 in January 2015, $1,446 in January 2018, and $1,594 in January 2021. AdvertisementAdvertisementOut of the 50 largest US metropolitan areas, September rents climbed the most month-over-month in Milwaukee (0.8%), Virginia Beach (0.8%), and Philadelphia (0.7%).

Persons: —, Zillow, hunkering Organizations: Service, Federal Reserve, Austin Locations: Milwaukee, Virginia Beach, Philadelphia, Memphis, Orlando, economize

☆ A conservative PAC is committing $20 million to back Lauren Boebert and GOP representatives who voted against Kevin McCarthy for speaker: Politico
▼ + stars: | 2023-07-24 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

A conservative PAC is pledging $20 million to back representatives who voted against Kevin McCarthy for House Speaker. A memo from the group published by Politico explains how the PAC plans to spend its money. It says the PAC will defend its members from "moderate donors and candidates" in the primary. Once the general election comes around, McIntosh promised to financially support any of the "Patriot 20" whose seats have been targeted as vulnerable by the Democratic Congressional Campaign Committee. These representatives include Rep. Scott Perry of Pennsylvania, Rep. Anna Paulina Luna of Florida, and Rep. Lauren Boebert of Colorado.

Persons: Kevin McCarthy, David McIntosh, McIntosh, Scott Perry, Anna Paulina Luna of, Lauren Boebert, Adam Frisch, Boebert's Organizations: House, Politico, Service, Republican, Growth, Club, Growth's, Democratic Congressional, Scott Perry of Pennsylvania, Federal Elections Commission Locations: Wall, Silicon, Scott Perry of, Anna Paulina Luna of Florida, Colorado

☆ Canopy Growth sells California facility amid liquidity worries
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

June 29 (Reuters) - Pot producer Canopy Growth (WEED.TO) said on Thursday it has completed the sale of its facility in Modesto, California as a part of its divestitures to raise funding amid liquidity concerns. The sale of the facility was the fifth such deal since April 1 and has generated C$81 million ($61.10 million), the company said. "The proceeds from this transaction further the achievement of our target of C$150 million in total proceeds from facility divestitures by the end of September 2023," said CEO David Klein in a statement. Brokerage Benchmark slashed its price target on Canopy to zero earlier this week. ($1 = 1.3258 Canadian dollars)Reporting by Sourasis Bose in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: David Klein, Sourasis Bose, Krishna Chandra Organizations: Thomson Locations: Modesto , California, Bengaluru

☆ Chris Christie says the 'half-full' crowds at CPAC are a sign that Donald Trump's popularity is finally waning
▼ + stars: | 2023-03-06 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Chris Christie said the "half-full" crowd at CPAC this weekend is a sign of Trump's unpopularity. Christie said Trump may be the GOP's 2024 frontrunner now, but he's not as powerful as he was before. Chris Christie said the small crowd at the Conservative Political Action Conference this weekend shows how much former President Donald Trump's popularity has waned. "You saw the scenes at CPAC, that room was half-full," Christie said during an appearance on ABC's "This Week" on Sunday. Christie said that "only the most desperate people showed up at CPAC to even speak, other than Trump or people within Trump's orbit."

☆ Most UK businesses optimistic about medium-term economic growth, survey shows
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 27 (Reuters) - More than 60% of British businesses are optimistic about the country's economic growth in the medium term and their own revenues in the next few years, a survey showed on Monday, challenging some of the gloomy forecasts for the UK economy. About 61% of over 1,500 business leaders expect economic growth to be "somewhat or significantly better" in 2025, according to the Boston Consulting Group Centre for Growth's inaugural business survey. Some 63% also think their revenues will grow over the next three years. "UK businesses are undoubtedly feeling squeezed, but they're still standing." Data for the survey was collected between Jan. 11 and Feb. 2, when the BoE announced its latest interest rate hike and economic forecasts.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Generac, Coinbase, Meta, Roku, Roblox & more
▼ + stars: | 2023-02-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said Tesla sharers remain overvalued. Loop reiterates Apple as buy Loop said it sees attractive iPhone revenue upside for Apple. Canaccord upgrades Generac to buy from hold Canaccord said it sees "storm clouds breaking" for shares of Generac. JPMorgan reiterates Roku as overweight JPMorgan said it's standing by shares of Roku after the company's earnings results on Wednesday. " Bernstein reiterates Meta as outperform Bernstein kept its outperform rating on the social media giant and says it likes the company's "clear cost takeout plan."

☆ Focusing on stable earnings growth helps this Olympic gold medalist beat the bear market
▼ + stars: | 2023-02-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

A mutual fund led by a gold-medal winning Olympic swimmer is rare enough, but Joe Hudepohl's Eaton Vance Atlanta Capital Focused Growth is also outperforming the stock market over the past five years. Maybe it's the former athlete's discipline and slavish devotion to patient training that's helping Focused Growth earn handsome long-run returns. " But despite falling 20.4% last year, the Focused Growth fund still enjoys a five-year annual trailing return of 13.97%, according to Morningstar. One of those long-time holdings is health technology company Danaher , which Focused Growth (EAALX) first bought in 2011, according to Morningstar. Morningstar rates the fund with five stars despite its 1.03% expense ratio, and says Focused Growth lands in the second percentile of more than 1,000 large growth funds for its five-year performance.

☆ What to expect from Fed's last meeting of 2022
▼ + stars: | 2022-12-05 | 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 EmailWhat to expect from Fed's last meeting of 2022Jason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, joins 'Closing Bell' to discuss expectations for this year's final Fed meeting, findings from the recent jobs report, and core wage growth's translation into realized inflation.

☆ The US jobs market keeps beating the odds, adding another 263,000 jobs in November
▼ + stars: | 2022-12-02 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

InsiderThe US gained 263,000 nonfarm payrolls in November, better than the 200,000 economists expected. November's gain shows ongoing strength in the jobs market. There were 263,000 nonfarm payrolls added in November, according to the latest release from the Bureau of Labor Statistics (BLS). But as we head to the end of 2022, the US labor market remains resilient." The "temperature is still high" in the labor market as Bunker told Insider after the last jobs report.

☆ The world's largest cannabis companies are gobbling up beer brands and striking deals with top athletes to hawk energy drinks because they're struggling to profit off pot
▼ + stars: | 2022-11-28 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +7 min

It's hard to make money in cannabis, so the world's largest cannabis companies are pivoting. The Canadian cannabis company Tilray in early November acquired Montauk Brewing Company, a New York craft-beer brewer. In a November 11 note, analysts at the investment bank Jefferies called Canopy's core Canadian cannabis business "a sideshow." Tilray's cannabis business slumps, while beer boomsLike Canopy, Tilray's core cannabis business is also declining while its beverage unit and other businesses are growing. Beyond cutting costs, it was, therefore, only a matter of time before the world's largest cannabis companies, with investors and shareholders breathing down their necks, looked elsewhere to boost their margins.

☆ Constellation's stock reclassification is a win for regular shareholders
▼ + stars: | 2022-11-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

Constellation's shareholders on Wednesday approved the termination of the Corona beermaker's Class B shares, which follows the board of directors sign off on the proposal back in June . The stock reclassification removes an overhang on the Class A stock, which could help boost Constellation's valuation in the long term. The news Roughly 75% of Constellation's Class A shareholders agreed to scrap the company's super-voting Class B shares, which were owned by members of the founding Sands family. The end of Constellation's Class B shares is not the only corporate governance improvement the company has made in recent weeks. Now that Constellation's dual-class share structure is going by the wayside our investment case has only been sweetened .

☆ Pot producer Canopy sets up holding entity for speedy U.S. market entry
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

The pot producer will not right away benefit from the transactions as weed remains federally illegal and Canadian companies that grow or sell marijuana cannot do so in the United States. read moreIn anticipation of the changes, Canopy on Tuesday outlined a complex holding company structure to set up Canopy USA LLC. Canopy USA will now skip the wait and take over the firm right away, it said. Canopy USA will also take over Wana and Jetty, streamlining ownership. Constellation could still choose not to convert its stake, in which case Canopy USA will not proceed with these deals.

☆ How BlackRock is angling to get it on the boom in renewable natural gas, a controversial energy source
▼ + stars: | 2022-08-25 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +6 min

BlackRock's acquisition of Vanguard Renewables underscores the rise of renewable natural gas. It is also where the world's largest asset manager went and found its latest target: An eight-year-old energy company with 160 employees called Vanguard Renewables. Last month BlackRock said one of its funds would acquire Vanguard (no relation to its asset management rival), which produces what the industry calls renewable natural gas, or biomethane. "The gas industry has done a great job in branding both natural gas and renewable natural gas. RNG projects capture methane, which has a far greater global warming potential than carbon dioxide, and turn that into a renewable energy.

☆ Canopy Growth is slashing about 250 jobs in the latest cost-cutting move for the cannabis giant
▼ + stars: | 2022-04-26 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +2 min

Canadian cannabis giant Canopy Growth is cutting 250 jobs effective immediately. The cuts come as the company struggles with losing market share in Canada's cannabis market. Canadian cannabis giant Canopy Growth is slashing 250 jobs, effective immediately, Insider has learned. Canopy has already slashed 200 jobs from its corporate office and closed two large cultivation facilities in Canada resulting in a loss of over 500 jobs. Canopy Growth's stock has suffered this year as the company has lost market share in Canada's increasingly competitive cannabis market — Nasdaq-listed shares of the company are down 43% this year.

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