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Housing-related inflation accounted for half of the monthly rise, and energy prices were flat after dragging down the overall index for four of the past six months. The Consumer Price Index measures price changes across commonly purchased goods and services. Still, October’s increase was to be expected, due to unfavorable comparisons from a year ago and stubborn housing-related inflation. Consensus estimates were for a 0.2% monthly increase and a 2.6% annual increase in the overall CPI, according to FactSet. A potential ‘inflation shock’ in the wingsAlthough the broader US economy survived the sharpest inflation run-up seen in a generation, Americans’ finances — and their sentiment — were far from unscathed.
Persons: , ” Stephen Juneau, Donald Trump, Larry Summers, Kate Bolduan, Trump’s, Lindsay Rosner, Jerome Powell Organizations: CNN, Bureau of Labor Statistics ., Bank of America, BLS, , Trump, Biden, CNN News Central, Federal Reserve, Goldman Sachs Asset Management Locations: Ukraine
Lindsay Roselle transformed her view on motherhood after an ayahuasca retreat in the Amazon. AdvertisementThis as-told-to essay is based on a conversation with Lindsay Roselle, a 42-year-old entrepreneur and mom from Colorado who attended an ayahuasca retreat and started microdosing psilocybin. Then in 2022, I was flying to a remote part of the Amazon for a three-day ayahuasca retreat, where I ingested a plant-based psychedelic used for medicinal, spiritual, and ceremonial purposes. My mom contributed to my negative idea of motherhoodGiving up my entrepreneurial career was never an option for me. The first one would be the biggest: a three-day ayahuasca ceremony held during a two-week trip to the Amazon.
Persons: Lindsay Roselle, , That's, they're, I've, Tess Martinelli Organizations: Service Locations: Colorado, Peru, tmartinelli
The U.S. economy added a whopping 254,000 jobs in September, nearly 100,000 more than economists expected. The unemployment rate, which was expected to hold steady at 4.2%, slipped to 4.1%. Wages also rose more than expected month over month. To be sure, the new data also has traders pricing a smaller quarter percentage point interest rate reduction at the central bank's November meeting. "Fed cuts should be slower and I continue to think (and the data supports it) that the current neutral rate is well above 3% (economy chugging along on 5% yields for over a year)," said Tchir.
Persons: Sonu Varghese, Glen Smith, Lindsay Rosner, Ian Lyngen, Peter Tchir Organizations: Stock, Dow Jones Industrial, Nasdaq, Federal, Carson Group, GDS Wealth, Goldman Sachs Asset Management, BMO Capital Markets, Academy Securities Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should look to extend duration in their T-bills now, says Goldman Sachs' Lindsay RosnerLindsay Rosner, Goldman Sachs Asset Management head of multi-sector investing, joins 'Squawk Box' to discuss the latest market trends, impact of the Fed's interest rate decision, where investors can find opportunities right now, and more.
Persons: Goldman Sachs, Lindsay Rosner Lindsay Rosner, Goldman Organizations: Management
Two associates of Chronis rushed to his aid after hearing his fall and screams, according to the complaint. The shower delivered water at an “extremely excessive temperature,” the complaint stated. The temperature was more than 150 degrees, according to Chronis’ family attorney, N. Jeffrey Blankenship. Most adults will suffer third-degree burns if exposed to 150-degree water for two seconds, according to the Consumer Product Safety Commission. Two days later, Chronis returned to the hospital for skin graft surgery and remained hospitalized for nearly five months, according to the complaint.
Persons: “ scalded, Alex Chronis, , Chronis ’, Chronis, Jeffrey Blankenship, Blankenship, Sanjay Patel, , Patel, Lindsay Rump Organizations: CNN, Consumer Product Safety Locations: Kentucky, Erlanger , Kentucky, Cincinnati, Knoxville , Tennessee, Erlanger
Walmart shares have outperformed the market. Analysts remain overwhelmingly bullish on the stock with more than 80% of analysts rating shares a buy or overweight, according to FactSet. Target shares reflect the strain of the competition. And if Walmart continues to win over wealthier customers, that's more bad news for Target. On Tuesday, KeyBanc Capital Markets analyst Bradley Thomas reiterated that Walmart remains one of his top stock ideas.
Persons: Lindsay Rosner, Piper Sandler, Peter Keith, Keith, Daniel Kurnos, Kurnos, FactSet, Alexis Deladerriere, JLL, Christopher Horvers, JPMorgan's Horvers, Cowen, Oliver Chen, Chen, hasn't, Bradley Thomas, Thomas Organizations: Walmart, Target, Goldman Sachs Asset Management, Analysts, Keith, P Retail, Amazon, Microsoft, Apple, Adobe Analytics, Adobe, Amazon's, Costco, Amazon Prime, Sam's, Paramount, KeyBanc Capital Locations: Wednesday's
Don't expect the mammoth returns of the S&P 500 to continue this year, according to Goldman Sachs Asset Management's midyear investment outlook released last week. AdvertisementBut this doesn't mean that Goldman Sachs is expecting a severe downturn. Active management is more important now than ever, and Goldman Sachs recommends taking steps now to prepare for a lukewarm second half of 2024. To address geopolitical instability and financial shocks, Goldman Sachs recommends hedging risk through commodities. Goldman Sachs is seeing increasing opportunities in Asia.
Persons: Goldman Sachs, Alexis Deladerrière, , Lindsay Rosner, Rosner, Deladerrière, it's Organizations: Service, Goldman, Business, Nvidia, Microsoft, Apple, Fed Locations: Mexico, France, East, Ukraine, industrials, underperformance, Asia, Japan, India
Pressures faced by lower-income consumers have been smoothed over by robust spending from the middle- and higher-income cohort. 'A shift in priorities' Even with cracks emerging in the consumer, many investors anticipate a soft landing for the economy. "They are spending, but they're being more particular than they were before in terms of what they're spending on," she added. "As more consumers shift their meal preferences to eating at home as opposed to eating out, that could provide a catalyst to lift these stocks valuations," he wrote. Sekera also noted travel as one area where consumers are continuing to spend, even as they pull back on other purchases.
Persons: Bill Merz, They're, Lindsay Rosner, there's, Dave Sekera, Morningstar, Kraft Heinz, Kellanova, Sekera, Goldman Sachs, Rosner Organizations: PepsiCo, U.S, Bank Asset Management, Goldman Sachs Asset Management, HSBC, Viking Holdings, Worldwide Holdings, Marriott International, Walmart, Target, Kraft Locations: U.S, delinquencies
Investors enjoying juicy yields on their cash should start preparing to shift their strategy, according to Goldman Sachs. People piled into cash instruments like Treasury bills and money market funds as the short end of the yield curve rose alongside Federal Reserve interest rate increases starting in early 2022. Now some $6.15 trillion is sitting in money market funds, as of July 2, according to the Investment Company Institute . There's a "real probability" that could start in September, said Lindsay Rosner, head of multi-sector investing at Goldman Sachs Asset and Wealth Management. While the average spread is around 800 basis points over Treasurys, the bonds are either trading around 300 basis points — too tight for junk bond ratings — or 1,000 basis points or more.
Persons: Goldman Sachs, Lindsay Rosner, , Rosner, " Rosner Organizations: Federal, Investment Company Institute, Goldman, Wealth Management, Fed, riskier Locations: Goldman Sachs, Treasurys
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFixed-income investing is 'very much alive', says Goldman Sachs' Lindsay RosnerLindsay Rosner, Goldman Sachs Asset Management head of multi-asset fixed income investing, joins 'Closing Bell Overtime' to talk yields climbing in U.S. and Europe and her fixed-income investing playbook.
Persons: Goldman Sachs, Lindsay Rosner Lindsay Rosner, Goldman Organizations: Management Locations: Europe
Lara Trump, the Republican National Committee co-chair and Mr. Trump’s daughter-in-law, strongly denounced him on CNN. Mr. Hogan has also said he would not be going to the Republican National Convention in Milwaukee next month, where Mr. Trump will officially receive the nomination. Mr. Hogan remains personally popular in Maryland, something Mr. Trump is not. “We don’t want to alienate Trump voters,” Mr. Hogan told The Associated Press in April. “But Larry Hogan is running for Senate in Maryland, not Mississippi,” a nod to the needle Mr. Hogan must thread.
Persons: Donald J, Larry Hogan’s, Hogan, Trump, , , Chis LaCivita, Lara Trump, Trump’s, Hogan’s, Michael Whatley, Larry Hogan, Biden, Republicans —, , Ben Cardin, ” Mr, Mr, Whatley didn’t, Steve Daines, Angela Alsobrooks, George Santos, Lou Dobbs, Chaya Raichik, aren’t, John Cornyn, Lindsay Reilly Organizations: Senate, Democratic, Mr, Trump, Republican, Republican National Committee, CNN, Republican Party, Trump Republican, Republican National Convention, Washington , D.C, Republicans, Democrat, Associated Press, Biden voters, Maryland, National Republican Senatorial Committee, Republican leadership’s, Fund, Hogan’s Democratic, Prince, Maryland Democrats, Maryland Democratic Party Locations: Maryland, Manhattan, America, Milwaukee, Washington ,, Montana, Mississippi, Prince George’s County, Washington, Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs' Lindsay Rosner: Fed rate cuts are 'coming' this yearLindsay Rosner, Goldman Sachs Asset Management head of multi-sector fixed income investing, joins CNBC's 'Money Movers' to discuss soft landing prediction, the bond market, and more.
Persons: Goldman Sachs, Lindsay Rosner, Goldman Organizations: Management
Grateful for treatment, he jokes with the medical intern each morning. We both work as internists at a public hospital in the medical safety net, a loose term for institutions that disproportionately serve patients on Medicaid or without insurance. You could describe the safety net in another way, too, as a place that holds up a mirror to our nation. That the medical care the patient is receiving exceeds the cost of a year’s rent makes no practical difference. We needed to coin a phrase because so many of our patients die of the same thing.
Persons: he’ll, He’d, He’s Locations: San Francisco
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed's dot plot isn't something to be super concerned about, says Goldman Sachs' Lindsay RosnerLindsay Rosner, Goldman Sachs Asset Management head of multi-sector fixed income investing, joins 'Squawk Box' to preview the Fed's upcoming meeting this week, why she believes the focus for investors should be on the central bank's dot plot, its balance sheet and rhetoric, the fixed income market, and more.
Persons: Goldman Sachs, Lindsay Rosner Lindsay Rosner, Goldman Organizations: Management
The head of Amazon's healthcare business wants employees to know Tuesday's layoffs are part of a normal business cycle, not a sign of underperformance. He noted that other companies have also made similar job cuts lately, urging employees not to believe the "pundits" who may say negative things about Amazon's healthcare business. "As often happens with changes like this, some pundits may speculate that we're eliminating roles because our health care business is underperforming — don't believe this speculation. In a separate email on Tuesday , Lindsay highlighted the growth of Amazon's healthcare business, saying the layoffs were intended to "reposition resources" so the company can better invest in other growth areas. He also said Amazon integrated One Medical's finance, legal, and tech teams into Amazon's healthcare business as it looks to "realign resources."
Persons: Neil Lindsay, , Lindsay, we've Organizations: Service, Business, Amazon Health Services, Amazon, Pharmacy, Amazon Pharmacy, we've, Amazon Clinic Locations: U.S
Read previewA travel influencer sought to lay down some etiquette around overhead bins on planes, arguing that a lot of people get it wrong. "The overhead space right above the seat that you paid for on the plane? Overhead bin space is "first come, first serve," Harmon-Marshall explained, which is why paying to board a plane quicker can have its advantages. AdvertisementWhile many find it annoying to see that their locker is full when they get to their plane seat, Harmon-Marshall seems to be right. If overhead bin space runs out, Harmon-Marshall said, flight attendants would start gate-checking luggage.
Persons: , Caleb Harmon, Marshall, he's, who's, Harmon, that's, I'm, That's, Lindsay Rogers, Rogers, Condé, Karina Kay Organizations: Service, Business, Harmon Locations: Las Vegas
While corporate bond yields have moved down off their highs, investors will still be able to snap up some juicy income next year, experts believe. USIG YTD mountain The iShares Broad USD Investment Grade Corporate Bond ETF tracks the ICE BofA U.S. Corporate Index. However, for income investors not just focusing on the next 12 months, investment-grade corporate bonds look very attractive, he said. WINC YTD mountain Western Asset Short Duration Inc ETF In fact, he thinks 2024 will provide a unique opportunity for corporate bond investors. He also doesn't think corporate bonds are particularly attractive on a total return performance thanks to their recent run higher.
Persons: Goldman, Lindsay Rosner, Collin Martin, Charles Schwab, Martin, Martin doesn't, Fitch, Kurt Halvorson, Halvorson, you'll, Michael Kessler, Kessler, Schwab's Martin Organizations: Federal Reserve, ICE, Corporate, . Investment, Goldman, CNBC, Western Asset, Albion Financial, Investors Locations: Goldman Sachs
There's good news for fixed-income investors heading into next year, according to Goldman Sachs Asset Management. After a dismal 2023, next year will be "the year of the bond," predicted Lindsay Rosner, head of multisector fixed income investing at the money manager. "Fixed income is a great place to be," she said in an interview with CNBC. The investment firm recently released its outlook for 2024 and called the recent run of negative fixed income returns in response to "an inflation and policy shock" an anomaly and not the trend. "Given [that] duration can be your friend again, things are lining up to put you in a really good position in fixed income."
Persons: Lindsay Rosner, TINA, TARA, Goldman, Rosner, Michael Bloom Organizations: Goldman Sachs Asset Management, CNBC, Federal Reserve, Treasury
Economists polled by Reuters had forecast the CPI gaining 0.1% on the month and increasing 3.3% on a year-on-year basis. The rally was due to rising investor belief that the Federal Reserve will now be less likely to hike interest rates at future meetings. LINDSAY ROSNER, HEAD OF MULTI-SECTOR FIXED INCOME INVESTING, GOLDMAN SACHS ASSET MANAGEMENT, NEW YORK“Today's Core CPI print was below expectations. "The Fed will not want to step back from its hawkish stance yet; the annual core rate at 4% is still some way away from target. THOMAS HAYES, CHAIRMAN AT HEDGE FUND GREAT HILL CAPITAL, NEW YORK"We're happy to see both headline and core CPI come in lower than expected.
Persons: Hannah Beier, ” BEN JEFFERY, GREG BASSUK, ” “, ” BRIAN JACOBSEN, MENOMONEE, we’ll, ” CHRIS ZACCARELLI, LINDSAY ROSNER, GOLDMAN, ” MATTHEW MISKIN, JOHN, , ” STUART COLE, Kashkari, Powell, PETER ANDERSEN, ANDERSEN, it's, THOMAS HAYES, OLIVER PURSCHE, It’s, Organizations: Reading, REUTERS, Federal Reserve, Labor Department's Bureau of Labor Statistics, Reuters, Treasury, Markets, BMO, Reserve, CPI, ALLIANCE, Fed, Global Finance, Thomson Locations: Philadelphia , Pennsylvania, U.S, WALTHAM, MA, WISCONSIN, CHARLOTTE, GOLDMAN SACHS, JOHN HANCOCK, BOSTON, LONDON
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Investors have piled into short-term U.S. government bonds in a bid to wait out the upheaval caused by a blowout in longer-term yields, according to a Goldman Sachs executive. The trade is a key way that institutions and wealthy investors are adjusting to the surge in long-term interest rates that have roiled markets lately. The 10-year Treasury yield has been climbing for weeks, reaching a 16-year high of 4.89% Friday after the September jobs report showed that employers were still hiring aggressively. Investors poured more than $1 trillion into new T-bills last quarter, according to Bloomberg.
Persons: Goldman Sachs, Lindsay Rosner, Rosner Organizations: Goldman Sachs, Inc, New York Stock Exchange, Goldman, CNBC, Treasury, Investors, Bloomberg Locations: New York, U.S, Goldman Sachs
At the center of the storm is the 10-year Treasury yield , one of the most influential numbers in finance. The relentless rise in borrowing costs has blown past forecasters' predictions and has Wall Street casting about for explanations. Companies that can only issue debt in the high-yield market, which includes many retail employers, will confront sharply higher borrowing costs. Higher rates squeeze the housing industry and push commercial real estate closer to default. "So if banks haven't fixed their issues since then, the problem is only worse, because rates are only higher."
Persons: Jerome Powell, SAUL LOEB, Bob Michele, Ben Emons, Treasurys, Benjamin Dunn, Lindsay Rosner, Peter Boockvar, Rosner Organizations: Federal Reserve, Washington , D.C, Getty, ., Treasury, Fed, JPMorgan, NewEdge, Bloomberg, Alpha Theory Advisors, Goldman, Companies, Bleakley Financial, Valley Bank, First Locations: Washington ,, U.S, Goldman Sachs, First Republic
In the latest Equity Talk, Pringle said male mentors made room for her ideas, even if they weren't popular. With growth comes opportunity, she told me, because "new restaurants create the next big promotion." It's working in our restaurants and talking to our crew members and our general managers on what we can do to really create opportunities. You know, new restaurants create the next big promotion — the next DM and GM and director of operations. Those are the things that I see in part of my role as being able to help create growth.
Persons: Abigail Pringle, Pringle, dulce, she's, I'm, Lindsay Radkoski, Lindsay, Suzie, You've, it's, We've, Wendy's, that's, we've, It's, I've, , Thiti, Zers Organizations: Service, GM, CMO, CSR, Twitter Locations: Wall, Silicon, Wendy's, Canada, Philippines, India, Australia, Puerto Rico, leche, Argentina
Wright then filed a defamation suit against the former students, seeking $108 million in damages. Reuters/ReutersUltimately, Depp won $10 million in compensatory damages and $5 million in punitive damages in his defamation case against Heard. And juries appear to be more receptive to ruling on behalf of defamation claimants, especially after big wins in cases like Depp's, Lovell told Insider. "By showing he's going through the legal system and going after them for $108 million dollars, it makes a statement," Lovell said about Wright's legal strategy. "These cases are rarely about monetary damages and are more often a vehicle to repair a reputation," Pearson told Insider.
Persons: Joshua Wright, Wright, Depp, Johnny Depp, Amber Heard, Donald Trump, Jean Carroll, Elyse Dorsey, Angela Landry, Law360, , Dorsey, Landry, Hank Johnson, Tom Wheeler, Ajit Pai, Wheeler, Chip Somodevilla, George Mason, Getty Wright, Sandy Hook, Alex Jones, Tracy A, Pearson, Heard, Tre Lovell, Lovell, they're, Lindsay R, Johnny Depp's Organizations: Service, Federal Trade Commission, George Mason University, Federal Communications, Federal Trade, Capitol, Republicans, Communications, Bloomberg, George, Depp Defense, Voting, Fox News, Reuters, Binnall Locations: Wall, Silicon, WASHINGTON, DC, Rayburn, Washington , DC, Virginia
The poll found that 74% of Black Americans favor reparations compared to just 26% of white Americans. A divided America Views on whether the U.S. government should provide some form of reparations for slavery and its legacy are split along party and racial lines. They also say it’s wrong to have taxpayers finance reparations, given that no one alive today is responsible for slavery. In April 2021, Gohmert went on the attack by proposing an amendment calling for the Democratic Party to pay for reparations. In the slavery era, the Democratic Party supported slavery; the Republican Party, led by Abraham Lincoln, called for slavery’s restriction and eventually abolished it.
Persons: , Elizabeth Warren, Chris Van Hollen, Lloyd Doggett, Tommy Tuberville, John N, Kennedy, Louie Gohmert, , Black, Robert Lindsay, Gohmert, Abraham Lincoln, Lindsay, Valentine, ” Tuberville, , Tuberville, Valentine Brazil, Nathan Calhoun, ” Kennedy, Nathan Calhoun’s, Dabney P, Calhoun, John Crawford, ’ Warren, Warren, – Crawford, Crawford, ” Warren, Isaac Hollingsworth, , Van Hollen, ” Van Hollen, Miller Doggett, Doggett, ” Doggett, Jim Crow, Tom Bergin, Makini Brice, Nicholas P, Brown, Donna Bryson, Lawrence Delevingne, Brad Heath, Andrea Januta, Gui Qing Koh, Tom Lasseter, Grant Smith, Maurice Tamman, Catherine Tai Design, John Emerson, Jeremy Schultz, Blake Morrison Organizations: Black, Reuters, , 117th, U.S ., Louie Gohmert Former U.S, Representative, Republican, Democratic Party, Republican Party, Vigilance, Kennedy U.S, Massachusetts Democrat, Senate, Chris Van Hollen U.S, Maryland, Lloyd Doggett U.S, H.R, Texas Democrat Locations: United States, America, U.S . Civil, Louie Gohmert Former, Texas, Europe, Bowie County , Texas, Boston, Bowie County, Alabama, Valentine Brazil, Nevada, Tuberville, Saline County , Arkansas, Brazil, Ouachita, Louisiana, Abbeville , South Carolina, Massachusetts, Dorchester County , Maryland, Maryland, Virginia, Tennessee
24 Best Last-Minute Father’s Day Gifts
  + stars: | 2023-05-17 | by ( Sarah Grossbart | ) www.wsj.com   time to read: +13 min
Father’s Day is June 19 and you’re still empty-handed, and unless you’re 8 years old, it’s no longer cute or acceptable to turn up with a handmade coupon book. For the golfing dadIf your dad is an avid golfer, an upgrade to his typical apparel is a solid gift choice. For the dad who loves long walksIf dad’s shoe collection is looking a little tired, consider a pair of Birkenstocks. And just in time for the big day, you can get a digital gift card delivered right to his inbox. For the dad who’s the life of the partyThe “king of all coolers” is how Los Angeles-based stylist Alison Deyette describes Yeti’s UV-resistant Roadie 24 Hard Cooler, which makes the polyethylene beverage tote a shoo-in for the best last-minute Father’s Day gift.
Persons: Sarah Grossbart, We’ve, here’s, K, Frank Gehry, Madeleine Albright, Condoleezza Rice, you’ll, Royce, that’s, he’s, Alex Mill, it’s, Warby Parker, Stan Smiths, you’re, Nordstrom, Alison Deyette, “ Severance, Lindsay Roberts Schey, Massager, Roberts, , who’s, Dan Ariely, Idris Elba, Mindy Kaling, , Roberts Schey, Deyette, mignon, ribeye, Ogata, Roberts Shey, Madeline Diamond, Leslie Yazel Organizations: Sporting Goods, Ping, Dick’s Sporting Goods, Nordstrom, Boston, Marine, Adidas, Smart, Club, Craft Beer, Duke University, Hulu, Netflix Locations: U.S, inbox, Los Angeles, Kobe
Total: 25