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☆ When will this Trump-fueled bull market approach bubble territory? Watch this indicator
▼ + stars: | 2024-11-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The CBOE Volatility Index , known on Wall Street as the VIX, helps traders track when a market rally is actually unhealthy, said DataTrek co-founder Nicholas Colas. Monday's close for the VIX around 15 "is a healthy sign" for the temperature of the market as it advances, Colas wrote to clients. To put it succinctly: "Rallies built on an elevated VIX signal a bubble," he wrote. That's a lesson market participants learned, during the dot-com bubble of the mid- to late-1990s, he said. In the current bull market, dating back to the fourth quarter of 2022, however, the VIX has been largely "well behaved," Colas argued.

Persons: DataTrek, Nicholas Colas, Donald Trump, —, Monday's, Colas, That's, Jessica Rabe, Trump Organizations: Research, U.S

☆ 'Disclaimer' has a shocking twist ending that centers on an intense sex scene. Star Leila George breaks down filming 2 very different versions of it.
▼ + stars: | 2024-11-08 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +8 min

Star Leila George spoke to BI about filming two versions of the pivotal scene. Leila George in "Disclaimer." AdvertisementThe 'Disclaimer' ending's twist hinges on dual versions of one sex scene, both performed by Leila GeorgeLouis Partridge and Leila George in "Disclaimer." For George, it was important to know that any sex scenes she was doing were essential to the story and not gratuitous. Advertisement"Everyone is safe as long as you're following the moves that you've pre-planned," George said, likening coordinated sex scenes to fight scenes or dance scenes.

Persons: Alfonso Cuarón, Star Leila George, —, Oscar, Cate Blanchett, Catherine Ravenscroft, she's, Stephen Brigstocke, Kevin Kline, Jonathan, Stephen's, Nancy, Catherine, Nicholas, Stephen, Rather, she'd, Leila George, we'd, Leila George Louis Partridge, George, Cuarón, Louis Partridge, Samantha Murray, Partridge, he'd, I've Organizations: Apple, Service Locations: Renée, Italy

☆ 'the Menendez Brothers' Netflix Doc Director: Lyle and Eric Should Be Freed
▼ + stars: | 2024-11-05 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +7 min

But amid a sea of Menendez content, Alejandro Hartmann's new Netflix documentary has one thing most Menendez docs don't: both brothers telling their story in their own words. 'The Menendez Brothers' director says being a foreigner helped him offer a fresh perspective on a decades-old caseErik Menendez and his brother Lyle Menendez at a pre-trial hearing in 1992. Related storiesHe also used his outsider status to woo Lyle Menendez, whom he knew would be the more difficult brother to secure for an interview. He now believes the Menendez brothers should be freedErik Menendez with his attorney Leslie Abramson and his brother Lyle Menendez during their trial. "The Menendez Brothers" is now streaming on Netflix.

Persons: Jose, Kitty Menendez, Lyle, Erik, they've, Ryan Murphy's, Alejandro Hartmann's, Menendez, Richard J, It's, Barbara Walters, Pamela Bozanich, Hartmann, Menendez Brothers, Erik Menendez, Lyle Menendez, Vince Bucci, wasn't, Harmann, He's, Nicholas Chavez, Chloë Sevigny, Javier Bardem, Cooper Koch, Edie Falco, Leslie Abramson, Ryan Murphy, it's, he'd, Ted Soqui, George Gascón, I'm Organizations: Netflix, Donovan Correctional Facility, Business, NBC, Nielsen, Getty, Los Angeles District Locations: Menendez, San Diego, Argentina

☆ 3 reasons why Warren Buffett is shunning stocks — including his own
▼ + stars: | 2024-11-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Warren Buffett isn't hot on stocks right now, and the 94-year-old CEO's latest moves reflect that. The cash hoard has grown as Berkshire pared down stakes in key holdings such as Apple and Bank of America . It's also raked in more than $10 billion from steadily selling Bank of America shares since the summer. Berkshire Class A stock trades at 22.6 time earnings. Lastly, Colas noted that Buffett may have "have identified one or more large acquisitions and is raising capital for those purchases."

Persons: Warren Buffett, Berkshire Hathaway, Goldman Sachs, It's, Buffett, didn't, Nicholas Colas, Colas, Greg Abel, hasn't, Morgan Stanley Organizations: Berkshire, Nike, Disney, Apple, Bank of America, of America, DataTrek, Oracle, Berkshire Class Locations: Berkshire, Omaha

☆ Sam Altman's leadership advice echoes 2 philosophies encouraged by Steve Jobs and Warren Buffett
▼ + stars: | 2024-11-04 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Altman also emphasized saying no, echoing Steve Jobs' leadership philosophy. AdvertisementThe leadership traits that Sam Altman values may sound familiar to those who have studied Steve Jobs and Warren Buffett. Altman said the team tries to be "rigorous" about straying away from "fantastical dreams" or goals — a strategy reminiscent of the late Apple cofounder Steve Jobs. Advertisement"The main thing I stressed was focus," Jobs had said about his visit to Larry Page, biographer Walter Isaacson wrote in the Harvard Business Review. "The difference between successful people and really successful people is that really successful people say no to almost everything," the Berkshire Hathaway CEO once said.

Persons: Sam Altman, Altman, Steve Jobs, Warren Buffett, —, Kevin Weil, Jobs, Larry Page, Walter Isaacson, Apple's, Jerry Yang, Insider's Nicholas Carlson, Marissa Mayer, — that's, Alman, Sora Organizations: Service, Apple, Harvard Business, Yahoo, Stanford University, Conference, Berkshire Hathaway Locations: Hollywood

Investors could win big with some of the companies reporting earnings this week that are trading below their fair valuations. About one-third of the S & P 500 , or 154 companies, as well as 10 companies in the Dow Jones Industrial Average , are due to report earnings this week. It is also shaping up to be a big week for companies within the travel, restaurant, energy and pharmaceuticals industries. Ahead of these results, CNBC Pro screened for the stocks reporting this week that are both trading at a discount and favored among Wall Street. The energy company will report earnings next Thursday.

Persons: James Hardiman, TD Cowen, Cowen, Andrew Kligerman, Nicholas Campanella Organizations: Dow Jones, Microsoft, Big Tech, Intel, CNBC Pro, Norwegian Cruise, Citi, Insurance, MetLife, Barclays, D, WEC Locations: Norwegian, Entergy

Twenty-eight years after Lyle and Erik Menendez were sentenced to life in prison for killing their parents, the brothers may be getting a second chance at freedom. Netflix also released a documentary titled “The Menendez Brothers” earlier this month. Some legal experts say the Hollywood projects, as well as a public shift in attitude toward victims of sexual abuse, helped bring renewed attention to the Menendez brothers, paving the way for their potential release from prison. “And people then took a look.”Lyle and Erik Menendez fatally shot their parents with shotguns in their Beverly Hills mansion in 1989. “They are kind, intelligent, and honest men.”Lyle Menendez is now 56, and Erik Menendez is 53.

Persons: Lyle, Erik Menendez, Ryan Murphy, Menendez, ”, Kim Kardashian, “, ” Mark Geragos, ” Lyle, Erik, Javier Bardem, Chloë Sevigny, Cooper Koch, Nicholas Alexander Chavez, Nicholas Chavez, Gregg DeGuire, George Gascón, “ Menendez, José Menendez, Erik’s, Manny Medrano, ” Murphy, ‘, ’ I’m, Gascón, Lyle Menendez, ” Gascón, Anthony Solis, “ They’ve, Kardashian, ” Kardashian, ” Lyle Menendez, Gascón “, ’, Ryan Murphy’s Organizations: Netflix, Hollywood, NBC News, RCA Locations: Beverly, Los Angeles, Los Angeles County, California, San Diego

☆ History shows Nasdaq bull market could return more than 10% next year, barring a shock
▼ + stars: | 2024-10-25 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

The Nasdaq Composite index finally made a new all-time high on Friday, its first since July. But history shows there may be more than 10% upside ahead as stocks enter the third year of a bull market, according to DataTrek statistics. DataTrek co-founders Nicholas Colas and Jessica Rabe said they "remain bullish" on U.S. large-cap tech stocks because the average third year of a bull market has brought an increase of just 4.4% for the tech-heavy Nasdaq, the firm's data shows. The data, too, shows that another positive year for Nasdaq is no sure-fire bet. A two-year bull market after a losing year, the pattern we are currently in since the 2022 debacle, has continued into a third year just 60% of the time since 1971.

Persons: DataTrek, Nicholas Colas, Jessica Rabe, What's Organizations: Nasdaq Locations: U.S, East, Europe

☆ As a Montessori school director and a mom, I know an app can't replace a village
▼ + stars: | 2024-10-24 | by ( Christine Carrig | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNearly 12 years ago, I found a rudimentary app that helped me track how often and for how long I fed my baby. I told my mom about it, excited to share how advanced things had gotten since her days of feeding babies. Take, for instance, apps that don't just help parents track the minutiae of baby care but rather track the practice of parenting young children. While marketed as parent-support, most parenting apps are child-centered to the extreme, using the parent as a conduit to deliver a particular parenting approach.

Persons: —, Nicholas Carr, There's Organizations: Service

☆ Conflicting economic signals are causing confusion in the bond market
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +5 min

Bond market investors are having trouble figuring out an economy that looks good from 30,000 feet, but less so closer to the ground. Whether it's payrolls, gross domestic product or retail sales, or a host of other measures, growth looks solid, at the very least. On Wall Street, the general view was of concern: The Beige Book "showed no material improvement in a generally bleak outlook," Citigroup economist Andrew Hollenhorst wrote. However, if growth deteriorates, as the Beige Book indicates it has, that likely would push the Fed towards more reductions. "Despite recent stronger-than-expected data on U.S. employment, retail sales, and consumer inflation, the Fed's latest Beige Book signals a still weakening economy."

Persons: it's, Goldman Sachs, Donald Trump, Goldman, Andrew Hollenhorst, Kathy Bostjancic, Peter Boockvar, Jerome Powell, Nicholas Colas Organizations: Treasury, Federal Reserve, Atlanta Fed, Fed, Citigroup, Nationwide, Bleakley Financial, DataTrek

☆ Sam's Club CEO wants you to feel like you're shopping in the future
▼ + stars: | 2024-10-21 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +8 min

Sam's Club CEO Chris Nicholas tells BI he wants shoppers to have all three. The Grapevine Sam's Club is literally bristling with tech, not just in the form of the hulking blue AI-powered gateways. Sam's Club has also been a test-bed for retail concepts that eventually find their way into Walmart's 4,600 US stores and beyond. He, too, previously served as Sam's Club CEO. "My hope is that Sam's Club, when you shop, feels like what it's like to shop in the future.

Persons: Chris Nicholas, Nicholas, —, Dominick Reuter, it's, Sol Price —, Sam Walton, Sam's, John Furner, Doug McMillon strolled, jogger sweatpants Organizations: Sam's, Service, Costco, Walmart, Shoppers, innovating, Grapevine Sam's, Business, Sam's Club Locations: Texas, Grapevine , Texas, Grapevine, Dallas, Walmart's

☆ Marissa Mayer reflects on what went wrong at Yahoo — and shares the compliment she got that she still remembers
▼ + stars: | 2024-10-20 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

Marissa Mayer recently reflected on Yahoo's struggles and eventual sale to Verizon. Mayer said Yahoo was simply too late to embrace the move toward mobile phones. She still remembers the compliment Yahoo cofounder Jerry Yang gave her as she left the company. AdvertisementWhen Marissa Mayer was brought on with high hopes to captain an already struggling Yahoo in 2012, it took five years of trying to revive the internet giant before she ultimately resigned. Mayer came to Yahoo from Google in 2012 and had big ideas to change the company, as Business Insider's Nicholas Carlson detailed in his 2015 book, "Marissa Mayer and the Fight to Save Yahoo."

Persons: Marissa Mayer, Mayer, Jerry Yang, —, " Mayer, Insider's Nicholas Carlson Organizations: Verizon, Yahoo, Service, Wired, Google, Washington Post, Business

☆ Ryan Murphy says 'Monsters: The Erik and Lyle Menendez story' is the best thing to happen to the brothers in decades. There is one way the show could help their case.
▼ + stars: | 2024-10-05 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +9 min

He said the show was the best thing to happen to Erik Menendez and Lyle Menendez in 30 years. Lyle Menendez and Erik Menendez killed José Menendez and Kitty Menendez in their family home in 1989. True crime has helped to exonerate peopleRyan Murphy at "Monsters: The Lyle And Erik Menendez Story" premiere. Netflix's Menendez brothers shows wouldn't achieve much in courtLyle Menendez and Erik Menendez during their trial in 1994. Cooper Koch playing Erik Menendez and Nicholas Chavez playing Lyle Menendez in "Monsters."

Persons: Ryan Murphy's, Erik Menendez, Lyle Menendez, —, Ryan Murphy, Erik, José Menendez, Kitty Menendez, Jeffrey Dahmer, Menendez, Netflix didn't, mistruths, Joan VanderMolen, Lyle, o7KEOEoYwr — Tammi Menendez, Murphy, haven't, it's, Steve Granitz, Shima, Steven Avery, Brendan Dassey, Teresa Halbach, Barack Obama, Kathleen Zellner, Avery, Zellner, Baughman, Dassey, Netflix's Menendez, Ted Soqui, Laurie L, Levenson, David W, Netflix's, Malcolm X, " Levenson, they're, Cooper Koch, Nicholas Chavez, Miles Crist, Roy Roselló's, Roselló Organizations: Service, Netflix, Business, Hollywood, BYU Law School, Guardian, Getty, Burcham, Loyola Law School, LA Times, RCA Locations: Utah, Wisconsin, Los Angeles

☆ Israel's strike back at Iran could hurt the Harris campaign in its final stretch if gas prices soar
▼ + stars: | 2024-10-05 | by ( Brent D. Griffiths | Chris Panella | ) www.businessinsider.com time to read: +12 min

The move could drive oil prices up further, creating a headache for Harris' campaign. If Israel did strike Iran's oil, it would likely have two main targets. Then, on Thursday, he said the US and Israel were discussing whether the US would support Israel striking Iran's oil facilities. Biden has indicated there are conversations between the US and Israel about whether Iran's oil facilities are a legitimate retaliatory strike option. Back in September, global oil prices fell to the lowest level in almost three years, and the US has seen a historic year of oil production.

Persons: Israel, Harris, —, Kamala Harris, Patrick De Haan, De Haan, Clay Seigle, Siegle, ATTA KENARE, Kit Haines, Haines, Hassan Nasrallah, Ismail Haniyeh, Biden, Benjamin Netanyahu, Netanyahu, Wisam, Seigle, Joe Biden, backtrack, Michael M, Nicholas Carl, there's, Privately, JIM WATSON Organizations: Service, Incumbents, Getty, Analysts, Energy, Wednesday, National Iranian Tanker Company, American Enterprise, Business, Publicly Locations: Iran, Israel, Ukraine, Tehran, Yemen, AFP, Hormuz, Saudi, Anadolu, Russia

☆ Actor who plays Erik Menendez in 'Monsters' had an 'emotional' meeting with the convicted murderer thanks to a prison visit arranged by Kim Kardashian
▼ + stars: | 2024-09-29 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

Erik Menendez told Cooper Koch he "did a great job" playing him in "Monsters: The Lyle and Erik Menendez Story," Koch said. Koch, who portrays Erik, told The Hollywood Reporter that he came face-to-face with both Menendez brothers during a prison visit last week set up by Kim Kardashian. "And it was really, really powerful and emotional. While Erik told Koch that he had yet to watch the series, he praised the actor for his performance. AdvertisementCooper Koch as Erik Menendez and Nicholas Chavez as Lyle Menendez.

Persons: Erik Menendez, Cooper Koch, Lyle, Koch, Kitty Menendez, —, Menendez, Ryan Murphy, Ian Brennan, Erik, Lyle Menendez, Kim Kardashian, Richard J, Nicholas Chavez, Miles Crist, Kardashian, Kardashian FaceTime, Ted Soqui, Tammi Menendez, Erik's, Murphy, he's, Tammi, Ryan Murphy's, Erik Story, mistruths Organizations: Service, Hollywood, Donovan Correctional, Netflix, Entertainment Locations: Los Angeles

☆ 'Monsters: The Lyle and Erik Menendez Story' is about two brothers who murdered their parents. Here's what the Netflix show gets wrong.
▼ + stars: | 2024-09-23 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +5 min

Read preview"Monsters: The Lyle and Erik Menendez Story," the latest buzzy true crime drama series from Netflix, tells the story of two brothers who killed their parents in 1989. José Menendez likely didn't see who killed himJosé Menendez, and Javier Bardem in "Monsters: The Lyle and Erik Menendez Story." AdvertisementThere's no evidence the brothers had an incestuous relationshipCooper Koch as Erik Menendez and Nicholas Chavez as Lyle Menendez. The scene then shows Kitty Menendez walking in on Erik and Lyle Menendez kissing in the shower. Erik Menendez has said he isn't gayErik Menendez in Los Angeles in 1994.

Persons: —, Lyle, Erik Menendez, José Menendez, Mary Louise, Kitty, Menendez, Ryan Murphy, Jeffrey Dahmer, J, Simpson, Javier Bardem, Kitty Menendez, Erik, Cooper Koch, Nicholas Chavez, José, didn't, Eric Menendez, Ronald L, Lyle Menendez, Dominick Dunne, Nathan Lane, Dunne, Ted Soqui, Tammi Menendez Organizations: Service, Netflix, Business, Los Angeles Times, Getty, ABC News, ABC Locations: Los Angeles, Beverly Hills

☆ This once-obscure power company is a 'unicorn' poised for new highs on data center demand, analysts say
▼ + stars: | 2024-09-19 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Talen's surge comes on the back of its deal to sell a data center campus to Amazon Web Services and supply the facility with nuclear power from the Susquehanna station northwest of Allentown, Pennsylvania. The deal is viewed as a trailblazing agreement for the power industry, and Wall Street has taken notice. A year ago, Talen was not covered by any Wall Street analysts, according to FactSet data. And Talen's assets are located almost entirely in the PJM grid, a predominantly mid-Atlantic region where power prices are expected to explode as demand outstrips supply due in part to growing data center load. Data center developers are expected to spend $250 billion annually on data centers, Barclays analyst Nicholas Campanella said in a note this week.

Persons: Talen, Shahriar Pourreza, Pourreza, TLN, William Appicelli, Nicholas Campanella, Campanella, amortization, Appicelli Organizations: Talen Energy Corporation, Amazon Web Services, Street, Barclays, Guggenheim, Jefferies, UBS, Susquehanna, Talen Energy, AWS, American Electric Power, AEP, Federal Energy Regulatory Commission Locations: Susquehanna, Allentown , Pennsylvania, Wednesday's

☆ Jurors help detain a man fleeing a Maine courthouse in handcuffs after child assault conviction
▼ + stars: | 2024-09-14 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

SKOWHEGAN, Maine — A man convicted of assaulting a child tried to flee a courthouse in Maine but two jurors and a detective quickly foiled the escape attempt. Nicholas Carter, 31, on Wednesday ran out of the courthouse in Skowhegan while handcuffed. Nicholas Carter racing down the hallway of the courthouse. Somerset County/TMX / via APA series of videos shows Carter racing down a hallway in the courthouse while still in handcuffs and dodging an individual who attempted to block him. Additional video shows Carter running across a parking lot and eventually appearing to trip and fall in a yard where two jurors and a detective apprehend him.

Persons: Nicholas Carter, AP Nicholas Carter, Carter Organizations: Wednesday, Portland Press Herald, AP Locations: SKOWHEGAN, Maine, Skowhegan, Somerset County, Somerset

☆ Nvidia CEO's comments partly behind market comeback, DataTrek's Nicholas Colas
▼ + stars: | 2024-09-12 | 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 EmailNvidia CEO's comments partly behind market comeback, DataTrek's Nicholas ColasDataTrek's Nicholas Colas joins CNBC's 'The Exchange' to discuss macro outlooks ahead of rate cuts, what will drive the next rally, how to position, and more.

Persons: DataTrek's Nicholas Colas DataTrek's Nicholas Colas Organizations: Nvidia

☆ These nuclear energy stock plays could rise as much as 50%, analysts say
▼ + stars: | 2024-08-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Constellation has surged 62% year to date to become the sixth-best performing stock in the S & P 500 , while Vistra has more than doubled to become the second-best performing stock, only slightly behind AI chipmaker Nvidia . Constellation owns the largest nuclear fleet in the U.S., operating 21 of the country's 93 reactors. Campanella sees the recent pullback of Constellation's stock, down 12% over the past month, as an attractive buying opportunity. Constellation and Vistra have substantial catalysts on the horizon that are not factored into their guidance, as tech companies shop for nuclear reactors to power their energy-hungry data centers , according to the analysts. Constellation is also exploring the possibility of restarting reactor Unit 1 at Three Mile Island in Pennsylvania, which ceased operations in 2019, as demand for nuclear energy grows.

Persons: Vistra, Barclay's, Nicholas Campanella, Campanella, James Thalacker, Joe Dominguez, Jim Burke Organizations: Constellation Energy, Vistra Corp, Constellation, Nvidia, Barclays, BMO Capital Markets, BMO Locations: U.S, Pennsylvania

Here’s a look at what voters had to say as part of four different groups: Trump loyalists, center-right voters conflicted about Trump, young progressives and traditional Democrats. But a group of these women did admit that the decision by Democrats to swap out Biden for Harris does concern them. “My concern about Trump is him making too aggressive of choices and us not being able to recover from it. But that does make me nervous because, did we vet everything that’s going to happen?” said Alyssa, a 29-year old woman who is still undecided on how she’s voting this fall. That’s powerful.”Traditional Democrats think Biden had to goThat support for Biden hanging up his political spikes extended to the group of traditional Democrats too.

Persons: Donald Trump, Kamala Harris, That’s, Elise Jordan, Trump, Harris, — they’re, Joe Biden’s, Tara, Biden, “, ” Kelly, we’ve, ”, Amy, —, ” Mary, “ Trump, Kelly, they’ve, they’re, Alyssa, it’s, Dawn, she’s, Karen, ” Karen, he’s, Kamala, ” Young, Nicholas, I’ve, Joe, “ It’s, we’re, ” Myra, Brett, “ I’m, Richard, Jolenta, wasn’t, ” Richard Organizations: Wisconsin, MSNBC, Trump loyalists, Trump, Kia, Biden Young, Democrats, Hamas, Biden Locations: Wisconsin

☆ The yen carry trade unwind: A big complication for global markets
▼ + stars: | 2024-08-06 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

In its simplest form, the yen carry trade has investors borrowing cheap yen to invest in higher yielding assets, often currencies. For example, because there is not a central source to track currency trades, we have no idea how big the yen carry trade is. The yen is rising, and that is making the yen carry trade less profitable. If the yen goes from 155 to 145, which is where it traded Monday, it will take $68,965 to repay that 10 million yen (10 million yen divided by 145 = $68,965). One positive sign: the ETF to watch is the Invesco Japanese Yen ETF (FXY), which tracks the price of the Japanese yen, had volume six times normal yesterday.

Persons: That's, Nicholas Colas Organizations: Nikkei, Street Journal, Federal Reserve, Bank of Japan, U.S, U.S ., Yen ETF Locations: U.S, Japan

☆ Why the Fed is being blamed for the historic stock-market plunge
▼ + stars: | 2024-08-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The Federal Reserve is catching some heat for the historic stock market plunge. AdvertisementThe Federal Reserve is to blame for the historic stock market plunge since last week, according to a growing chorus of market experts. JPMorgan strategist Mislav Matejka said in a Monday note that the lack of Fed rate cuts in the first half of the year will weigh on economic growth in the second half, and that any coming interest rate cuts from the Fed likely won't be enough. AdvertisementRegardless of what the Fed's motivation might be with waiting until September to cut interest rates, the market is taking away a pretty clear message. "There is growing sentiment is that the Fed has waited too long to cut interest rates and is now behind the curve," Comerica Wealth Management CIO John Lynch said.

Persons: —, Wharton, Jeremy Siegel, Siegel, Jerome Powell, Powell, they've, we're, Kamala Harris, Mislav Matejka, Matejka, Paul Volcker, Volcker, DataTrek, Nicholas Colas, John Lynch Organizations: Federal, Service, Federal Reserve, Nasdaq, CNBC, Washington DC, JPMorgan, Fed, Comerica Wealth Management Locations: Iran, Japan, Washington

☆ Don't rush to buy today, says DataTrek's Nicholas Colas
▼ + stars: | 2024-08-05 | 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 EmailDon't rush to buy today, says DataTrek's Nicholas ColasNicholas Colas, DataTrek Research co-founder, joins 'Power Lunch' to discuss the market sell-off and volatility.

Persons: DataTrek's Nicholas Colas Nicholas Colas Organizations: Research

☆ 11 of the most baffling archaeological finds of all time
▼ + stars: | 2024-08-02 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +1 min

Humans were making rope nearly 40,000 years agoExperts think this ivory baton was used for rope making around 38,000 years ago. One artifact, an eight-inch piece of ivory with grooved holes, wasn't easy to identify. Archaeologists have found similar items, known as batons, in the UK and France. Made of ivory or antler, they have holes with grooves on the inside, and some have notches. Based on descriptions of rope-making with similar tools from the Middle Ages, the researchers recreated the process with a replica of the piece of ivory.

Persons: Nicholas Conard Organizations: of Tübingen Locations: Germany, France

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