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☆ The second Trump era will see a rebalancing of U.S., UK and EU relations, economist says
▼ + stars: | 2024-11-18 | 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 EmailThe second Trump era will see a rebalancing of U.S., UK and EU relations, economist saysWith two months to go before Donald Trump's second term as president of the U.S., RSM Chief Economist Joe Brusuelas discusses defense spending in Europe.

Persons: Trump, Donald Trump's, Joe Brusuelas Organizations: EU, RSM Locations: U.S, Europe

☆ Lisbon residents call for vote on restricting vacation rentals
▼ + stars: | 2024-11-11 | by ( Francesca Street | ) edition.cnn.com time to read: +4 min

But as overall monthly overnight stays in Portugal reached an all time high in August, some Lisbon residents are becoming frustrated by the impact of ballooning tourism on local quality of life. Following protests in September about the city’s housing market, thousands of people living in the Portuguese capital have signed a petition demanding a clampdown on Lisbon vacation rentals. The group behind the petition, the Referendum Movement for Housing (MRH), is seeking to eradicate the almost 20,000 short term vacation rentals in Lisbon residential blocks, hoping to free up housing opportunities for locals. CNN Travel has reached out to Airbnb for comment about the Lisbon referendum petition. Changing the Lisbon tourist industryFreitas stresses a successful referendum wouldn’t eliminate Lisbon tourist lets altogether, but prevent them from “existing in houses registered for residential use.” Landlords would also be prohibited from establishing new vacation rentals in residential buildings in the future.

Persons: Luisa Freitas, Jorge Castellanos, Freitas, “, ”, there’s, Airbnb, —, she’s Organizations: CNN, Housing, ”, CNN Travel, Getty, Barcelona, European Union, Lisbon Locations: Lisbon, Portugal, ” Lisbon, Augusta, Comercio, Baixa

☆ At-home brain stimulation relieves symptoms of depression, study finds
▼ + stars: | 2024-11-01 | by ( Brenda Goodman | ) edition.cnn.com time to read: +8 min

CNN —A headset worn at home that zaps the brain with the energy of a 9-volt battery could help relieve symptoms of depression, a new study shows. Rebalancing brain activity in depressionThe device is available in the UK, Norway, Hong Kong and countries in the EU. Studies show that people with depression tend to have less brain activity than normal in the dorsolateral prefrontal cortex and more brain activity than normal in the ventromedial prefrontal cortex. A ‘spicy’ sensation with brain benefitsLeana De Hoyos, a 34-year-old mother of two who lives in Houston, was one of the study participants. Helping people use brain stimulation at homeFu says that when her team started looking at transcranial direct current stimulation for depression, they first reviewed the medical literature.

Persons: ”, Rodrigo Machado, Vieira, Machado, It’s, it’s overactive, Daniel Mansson, Cynthia Fu, Fu, Leana De Hoyos, De Hoyos, didn’t, ” De Hoyos, I’m, you’ve, “, ’, ” Fu, Dr, Sanjay Gupta, “ We’re, Mansson, hasn’t Organizations: CNN, Nature Medicine, Therapeutics, US Food and Drug Administration, Neuroscience, King’s College London, CNN Health, “ Locations: UTHealth, Norway, Hong Kong, Swedish, United States, Houston, Europe

☆ Here's how to leverage higher income limits for the 0% capital gains bracket
▼ + stars: | 2024-10-25 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The taxable income formula subtracts the greater of the standard or itemized deductions from your adjusted gross income. Here's what investors need to know about planning around the 0% capital gains bracket, according to financial experts. Weigh 'tax gain harvesting'If you're sitting on profitable investments, the 0% capital gains bracket could offer a chance for "tax gain harvesting," said certified financial planner Ashton Lawrence, a director at Mariner Wealth Advisors in Greenville, South Carolina. Here's how it works: Investors in the 0% capital gains bracket can strategically sell profitable brokerage account assets without triggering capital gains taxes. Opt for tax-free rebalancingYou can also leverage the 0% capital gains bracket to rebalance brokerage account assets without triggering a tax bill, experts say.

Persons: dowell, Ashton Lawrence, Lawrence, George Gagliardi Organizations: Mariner Wealth Advisors, Coromandel Wealth Management Locations: Greenville , South Carolina, Lexington , Massachusetts

☆ BlackRock's Larry Fink says the US election 'really doesn't matter' for markets
▼ + stars: | 2024-10-22 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Larry Fink says the US election won't impact markets long-term. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementLarry Fink doesn't think the US election will affect markets much. The BlackRock CEO doubled down on saying the outcome of the US election, which will be decided in two weeks, won't matter in the long run. Divided Wall StreetFink is not the only Wall Street heavyweight saying the election won't matter to financial markets.

Persons: Larry Fink, Fink, BlackRock, —, Larry Fink doesn't, I'm, Kamala Harris, Donald Trump, Trump, Joe Biden, Adewale Adeyemo, Mike Pyle, Harris, Obama, Mike Gitlin, PGIM Organizations: Service, BlackRock, Securities Industry, Financial, The Financial Times, Republican, Republicans, Wall, Capital Locations: BlackRock, China

☆ How to build up your bets – and your returns – in dividend-paying stocks
▼ + stars: | 2024-10-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Dividend stocks could be poised to get their moment in the sun as interest rates fall – and investors only need to take a simple step to boost their long-term returns in these positions. "As rates fall, we might see people looking for longer-term alternatives and, in turn, dividend-paying stocks," he said. For starters, it's a form of dollar-cost averaging into a position, meaning you're buying the stock at regular intervals regardless of the price. "It allows them to reinvest this dividend on a regular scheduled timeframe and have a great opportunity for a larger total return over the long term." The ProShares S & P 500 Dividend Aristocrats (NOBL) has a total return of nearly 15% in 2024 and an expense ratio of 0.35%.

Persons: Dan Stein, Charles Schwab, Jay Spector, That's, would've, you'll, Stein, – CNBC's Chris Hayes Organizations: Federal Reserve, Investors, CFP, EverVest, Machines, IBM, Target Corp, Apple, Broadcom, Microsoft, Exxon Mobil, Internal Revenue Service Locations: Tysons Corner , Virginia, Scottsdale , Arizona

☆ Efforts by the US to counter China in the South China Sea could backfire
▼ + stars: | 2024-10-12 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +10 min

The US has played a key role in countering China in the South China Sea. They "want a Goldilocks situation in the South China Sea — not too hot, not too cold," he added. A China Coast Guard ship, at right, sails past the Philippine Coast Guard ship BRP Cape Engaño on August 26, 2024. AdvertisementASEAN held its annual summit in Laos this week, in part to discuss territorial tensions in the South China Sea. A Philippine Coast Guard vessel and a Chinese Coast Guard vessel during an incident in the South China Sea on August 19, 2024.

Persons: —, Bill Hayton, Antony Blinken, Hunter Marston, Omar Zaghloul, Bush, Marston, George W, Obama, Trump, Biden, It's, Martson, Gregory B, Poling, Chatham House's, Samuel Paparo, Hayton, Sabina, REUTERS Poling, Mutual Defense Treaty, of National Defense Gilberto Teodoro Organizations: US, Service, Chatham, South China, China Coast Guard, Philippine Coast Guard, BRP, ROSA, Getty, ASEAN, Southeast, Australian National University, Coral Bell School of Asia, Pacific Affairs, Anadolu Agency, Center for Strategic, Studies, Asia Program, Transparency Initiative, Pacific Command, US National Bureau of Economic Research, coastguard, Coast Guard, Chinese Coast Guard, REUTERS, Mutual Defense, CBS, of National Defense Locations: China, South China, Philippines, South, Asia, Chatham House's Asia, BRP Cape Engaño, AFP, Laos, Filipino, United States, Singapore, Vietnam, Malaysia, Indonesia, Cambodia, Brunei, Pacific, Chatham House's Hayton, Philippine, Taiwan, Hong Kong, West Philippine, Weibo, Handout, Poling, Ukraine

☆ Warren Buffett has sold about $10 billion of Bank of America stock — after slashing his Apple stake by nearly 60%
▼ + stars: | 2024-10-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett has sold 23% of his Bank of America stake for about $10 billion since mid-July. AdvertisementWarren Buffett has followed up the surprise paring of his Apple stake by taking a knife to another of his largest holdings: Bank of America. Berkshire has slashed its stake from 1.03 billion shares to 794 million shares, reducing its ownership from 13.2% to 10.2%. Related storiesBuffett might also be rebalancing Berkshire's $300 billion stock portfolio in line with his smaller Apple bet. True to his bargain-hunter reputation, Buffett topped up his Bank of America stake in 2020, when the pandemic-hit stock was trading around $25.

Persons: Warren Buffett, Buffett, —, Berkshire Hathaway, hasn't, he's, Goldman Sachs, There's, Brian Moynihan Organizations: Bank of America, Berkshire Hathaway's, Express, Service, Berkshire, Securities, Exchange, Apple, American Express, Oracle, of America, Bank of, JPMorgan Locations: Berkshire, —, Thursday's, Omaha

☆ How to know if a financial robo-advisor is right for you
▼ + stars: | 2024-09-22 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

So if you’re looking for help along the way, there are plenty of increasingly low-cost digital and human adviser options. Now they offer a much wider array of services and financial planning tools. Many also offer hybrid solutions: automated portfolio management plus access to human advisers who can help with your more holistic financial planning needs. To figure out if a robo-advisor might be a good fit for you, here are some things to consider:Preference: Digital first or human first? “Perspective, judgment and coaching — talking through something and addressing fears and concerns, such as managing (a client’s) reaction to short-term (market) volatility,” said Paul Brahim, president-elect of the Financial Planning Association and managing director of the Wealth Enhancement Group.

Persons: It’s, ”, Paul Brahim, ” Brahim, Brian Concannon, —, ” Concannon, you’re, “, Ben Johnson, Morningstar’s, it’s, Johnson, Schwab Organizations: CNN, Financial, Association, Vanguard, Vanguard Digital, Fidelity

☆ Stock market today: Indexes edge down as traders hit pause after rally to record highs
▼ + stars: | 2024-09-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks traded slightly lower as investors pressed pause on the rally to record highs. The S&P 500 and Dow Jones hit record highs on Thursday after the Federal Reserve's 50 basis point rate cut. Heavy trading is expected on Friday due to option expirations and S&P quarterly index rebalancing. AdvertisementUS stocks traded sightly lower on Friday as investors pressed pause on the ongoing rally to record highs. The so-called triple witching day occurs when there is a simultaneous expiration of stock options, index options, and index futures contracts.

Persons: Dow Jones, —, Thursday's, Jerome, Brian Belski, Michael Reinking, Reinking Organizations: Federal, Service, Dow Jones, Nasdaq, NYSE, Here's

☆ Look for stock market pain next week after Friday's 'triple witching' options expiration
▼ + stars: | 2024-09-20 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Today is triple witching expiration , the quarterly expiration of single stock and index options, and index futures. It's occurring at an unusual moment: the S & P 500 is at an historic high. Week after triple witch: poor Unfortunately, the week after the September triple witch is historically among the weakest of the year. S & P 500 rebalancing today The S & P 500 will see three new entrants at the close today, each of which will begin trading as part of the S & P on Monday: Dell Technologies , Erie Indemnity and Palantir Technologies . Finally, while the S & P 500 is at a new high, the Russell 2000 smallcap index is not far behind.

Persons: Chris Murphy, Jeff Hirsch, Dow Industrials, Hirsch, Dell, Russell Organizations: Stock, Nasdaq, Dell Technologies, Erie, Palantir Technologies, Etsy, Rad Laboratories, American Airlines Group Locations: Susquehanna

☆ Save on taxes and bolster your portfolio before year-end with these moves
▼ + stars: | 2024-09-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

It's September – and that means it's prime time to think about maximizing after-tax returns as the year winds down. Of course, there may be a price to pay for that performance: Uncle Sam will want his share of taxes. Here are a few steps that could help you hold onto more of your portfolio's returns this year. Munis spin out income that's free of federal taxes, and they may be exempt from state levies if the investor resides in the issuing state. By directly giving low basis highly appreciated stock (instead of selling the position and donating cash proceeds), you avoid incurring the capital gains tax.

Persons: it's, Sam, Nathan Hoyt, Joel Dickson, Vanguard's, Dickson, James Shagawat, Roth, Shagawat, Malcolm Ethridge, –, Ethridge Organizations: Nvidia, Regent Peak Wealth, Investors, Roth IRA, Treasurys, Wealth Locations: Atlanta, AdvicePeriod, Paramus , New Jersey, New York , New Jersey, California, Rockville , Maryland

☆ To pop or not to pop: the smart way to invest in AI without worrying about the bubble
▼ + stars: | 2024-09-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

It's also common to draw parallels between the dot-com bubble and today's hype, leading investors to wonder if there's an AI bubble that's about to pop, too. Goldman Sachs' big AI headline of the month is "To buy, or not to buy, that is the question." The note from September 5, led by Peter Oppenheimer, suggests the answer is "to buy" but also to diversify. And the third is the application providers, which are the companies creating services for end users to harness AI. It comes from machine learning or big data workloads that various companies and governments use, Belton noted.

Persons: —, Goldman Sachs, Peter Oppenheimer, John Belton, doesn't, Brian Colello, Nancy Tengler, that's, it's, Tengler, Wall, Larry Ellison, Colello, Belton Organizations: Service, Business, Gabelli Funds, Morningstar Equity Research, Investments, Nvidia, Companies, Microsoft, Intel, Oracle, IBM, Broadcom, AMD, Cadence Design Systems, Google, AWS, Eaton Corporation Locations: GenAI, Belton

☆ Palantir soars 14% on software vendor's inclusion in S&P 500
▼ + stars: | 2024-09-09 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Palantir shares popped 14% on Monday and are trading at their highest since early 2021 after the announcement late Friday that the stock is being added to the S&P 500. Palantir and Dell are replacing American Airlines and Etsy , respectively, S&P Global said in a press release. Dell shares rose almost 4% on Monday. To join the S&P 500, a company must have reported a profit in its latest quarter and have cumulative profit over the four most-recent quarters. Tech companies have been capturing a bigger share of the S&P 500, reflecting their growing significance to the broader economy.

Persons: Alex Karp, Palantir, — CNBC's Ari Levy Organizations: Palantir Technologies, Allen, Co . Media, Technology Conference, Dell, American Airlines, P Global, Tech, Micro Computer, New York Stock Exchange Locations: Sun Valley , Idaho

☆ Dell and Palantir to join S&P 500; shares of both jump
▼ + stars: | 2024-09-06 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Dell and Palantir both jumped about 7% in extended trading Friday after S&P Global announced that the companies would join the S&P 500 index. Software maker Palantir will take the place of American Airlines , and Dell is replacing Etsy , according to a statement. Dell told investors Aug. 29 that it saw $3.2 billion in AI server demand in the quarter ended Aug. 2, up 23% from the prior quarter. Palantir has a market cap of over $67 billion, while Dell is valued at over $72 billion. In an early Friday email, the Bank of America trading desk named Workday among its top candidates for S&P inclusion, alongside Palantir.

Persons: Dell, Palantir, Michael Dell, Lake, Alex Karp, it's, Karp, — CNBC's Ari Levy Organizations: P Global, American Airlines, Dell, Micro Computer, New York Stock Exchange, New York Times, Bank of America, & ' $

☆ Burberry's FTSE relegation confirms a long fall from grace for the luxury fashion icon
▼ + stars: | 2024-09-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

The company slipped into the FTSE 250 during September's quarterly rebalancing, index provider FTSE Russell said in a statement, bringing its 15-year run in the U.K. large-cap FTSE 100 blue-chip index to a close. The company's current market cap of £2.34 billion ($3.06 billion) now puts it well below the other constituents of the FTSE 100, as well as some of the top performers in the FTSE 250. As such, funds that invest in the FTSE 100 will exit their Burberry holdings. The luxury label's addition to the FTSE 100 in September 2009 was taken as a further mark of its enduring appeal and its resilience, even amid the global financial crisis. The luxury sector as a whole has suffered from a prolonged downturn in consumer spending amid inflationary pressures and broader economic uncertainty.

Persons: Dave Rushen, Burberry Burberry's, Edward Berthelot, —, Joshua Schulman, Luca Solca, Bernstein, Michael Kors, Josh Schulman, Solca, Burberry, Piral Dadhania, Richard Chamberlain, Schulman, Gerry Murphy, Cole Smead, Henry Nicholls, Smead, Hugo Boss, Gucci, Kering Organizations: UNITED, Burberry, New Bond, Getty, LONDON, Burberry Group, Russell, London Stock Exchange, jittery, CNBC, RBC, Sky News, Smead Capital Management, Afp Locations: UNITED KINGDOM, Basingstoke, England, British, U.S, London, China, Asia, Japan

☆ Wall Street will get key insight on the consumer, inflation in the week ahead as recession fears swirl
▼ + stars: | 2024-08-09 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The wildest week of 2024 has investors bracing for more volatility in the week ahead, with key insight on the consumer and inflation coming at a time when recession fears are top of mind. Inflation, labor data Next week's inflation data could get less attention than it has over the past year when the Fed's fight against pricing pressures put inflation reports on center stage. Recently, it's been the labor market getting the most attention. "The market's caring much more about about labor markets and growth, than they do inflation right now," Ladner said. Week ahead calendar All times ET Monday, Aug. 12 2 p.m. Treasury Budget (July) Tuesday, Aug. 13 8:30 a.m. Producer Price Index (July) Earnings: Home Depot Wednesday, Aug. 14 8:30 a.m. Consumer Price Index (July) 8:30 a.m.

Persons: Scott Ladner, it's, Ladner, —, Strategas, Ryan Grabinski, RJ Assaly, Jeremy Siegel, Chen Zhao, Zhao, Price Organizations: Federal, Walmart, Home, Horizon Investments, Bank of Japan, Wharton, Fed, UBS, Investments, Treasury Budget, Price, Philadelphia Fed, Retail, Manufacturing, Materials, Tapestry, Deere, Co, Housing Locations: U.S, NAHB, Michigan

☆ Investors are fleeing Big Tech. Bank of America says to take advantage of these 2 stock trades instead.
▼ + stars: | 2024-08-05 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewBuying and holding Big Tech stocks has led to great performance in recent years, but this might not be the case going forward. As a result, buy-and-hold investors are probably seeing more red than they'd like in their portfolios right now. AdvertisementBig Tech overexposureIf you hold a lot of Big Tech stocks in your portfolio, you're not alone. Related storiesThere's definitely reason to be bullish on tech overall, especially as AI spurs growth, but overexposure to Big Tech isn't without its drawbacks. According to Subramanian, there's more room for Big Tech to fall, especially if investors don't see AI monetization cases soon.

Persons: —, Savita Subramanian, overexposure, Subramanian, That's, there's, They're Organizations: Service, Big Tech, Nasdaq, Down, Dow, Business, Bank of America, Microsoft, Meta, Google, Fund, Vanguard, Energy

☆ Why You Should Be Taking a Hard Look at Your Investments Right Now
▼ + stars: | 2024-08-02 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

All eyes were on the Federal Reserve this past week, or so several market analysts solemnly said. This was true even though the Fed essentially did nothing in its latest meeting but hold interest rates high to fight inflation, just as it has done for many months. To be fair, there was a little news: The Fed did appear to affirm the likelihood of rate cuts starting in September, and that’s important. But so are the big performance shifts in the market, away from highflying tech stocks like Nvidia and toward a broad range of less-heralded, smaller-company stocks. But what is perhaps the most important issue for investors rarely gets attention.

Persons: there’s, I’m Organizations: Federal, Nvidia

☆ Interest rate cuts probably aren't here just yet, but they could finally reach Americans in under 2 months
▼ + stars: | 2024-07-30 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

It's safe to say that Americans can count on an interest rate cut pretty soon, but probably not this week. On Wednesday, the Federal Open Market Committee will announce its next interest rate decision, and it's once again expected to hold rates steady. However, the FOMC's September meeting could finally bring Americans the relief they've been waiting for — CME FedWatch showed markets think it's all but certain the Fed will cut rates that month. Lower interest rates would make borrowing more affordable for consumers and businesses alike. "You have kept interest rates too high for too long: it is time to cut rates," they wrote.

Persons: it's, Claudia Sahm, Greg McBride, There's, Jerome Powell, Powell, Sahm, Matt Colyar, September's, Elizabeth Warren, Jacky Rosen, John Hickenlooper Organizations: Service, Federal, CME FedWatch, Business, New Century Advisors, Fed, Banking, Housing, Urban Affairs, Democratic, Moody's

☆ Analyst blasts American Airlines for troubling 'lack of vigor' and action to improve financial performance
▼ + stars: | 2024-07-29 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +3 min

Read previewJP Morgan analysts say American Airlines leadership isn't doing enough to shore up profits, calm anxious investors, and improve stock performance after disappointing second-quarter results. American Airlines executives plan to lean on additional earnings from a recently revamped ticket distribution strategy as part of a turnaround strategy. AdvertisementThe disastrous policies cost the company $750 million in lost revenue during the first half of the year, American Airlines CEO Robert Isom said during the earnings call on Thursday. American Airlines did not respond to a request for comment. Second-quarter earnings for American, Delta, and United all fell short of Wall Street expectations.

Persons: —, Morgan, they'd, JP Morgan, Jamie Baker, Baker, Robert Isom, JP, uninspiring, Scott Kirby Organizations: Service, American Airlines, Business, . American Airlines, United Airlines Locations: United

☆ What Kamala Harris' latest financial disclosure reveals about her investment portfolio
▼ + stars: | 2024-07-26 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

Harris For President Campaign | Via ReutersFinancial experts describe Vice President Kamala Harris' investment style in one word: Boring. In her role as vice president, Harris filed a public financial disclosure report for 2023, which was signed in May. Carolyn McClanahan, a certified financial planner and founder of Life Planning Partners in Jacksonville, Florida, who also reviewed Harris' financial disclosure, said it makes her "heart sing" to see Harris investing in low-cost passive investment strategies. Since 2020, mortgage rates have increased substantially, which means the couple missed their chance to lock in a low rate for a longer term. McClanahan said she urged everyone to lock in the record low mortgage rates that were available back then.

Persons: Kamala Harris, Barack Obama, Michelle Obama, Harris, Dustin Thackeray, She's, Thackeray, Carolyn McClanahan, McClanahan, Vance, —, Second, Douglas Emhoff, Barry Glassman, Glassman, Cash, Emhoff, it's, Ted Jenkin, Atlanta . Jenkin Organizations: Democratic, Reuters, Crewe Advisors, Planning Partners, CNBC, Finance, GOP, Wealth, CNBC's, Council Locations: U.S, Salt Lake City, Jacksonville , Florida, California, Atlanta .

☆ Oil prices rise as investors look for signs U.S. rate cuts to begin
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +1 min

An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States. Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September. "Since the June FOMC meeting, inflation and labor market data have signaled that disinflation and labor market rebalancing are in place, which we expect will allow the Fed to begin its interest rate cutting cycle in September," ANZ Research said in a note. Slower-than-expected economic growth of 4.7% for China in the second quarter sparked concerns last week over the country's demand for oil and continues to weigh on prices. The 60-point document's publication follows last week's closed-door meeting of the Communist Party's Central Committee that takes place roughly every five years.

Persons: Phillips, Joe Biden, Kamala Harris, Republican Donald Trump Organizations: Brent, U.S . West Texas, Fed, ANZ Research, U.S . Federal Reserve, Market, Republican, Communist Party's Central Committee Locations: Linden , New Jersey, United States, U.S, China

☆ Markets broaden as investors sell tech winners, but further turbulence may be on the way
▼ + stars: | 2024-07-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The four best-performing stocks in the S & P 500 year to date were down an average of 13.5% last week. .SPX 5D mountain The S & P 500's performance in the past five trading days. The anchoring effect of a persistently strong half-dozen $1-trillion to $3-trillion companies atop the S & P 500 while most stocks wallowed had the effect of suppressing index volatility. The S & P 500 is now about 3% off its record, and the Nasdaq 100 is in a roughly 5% retreat from its high. History says when the S & P 500 has been up more than 10% in the first half of a year , as in 2024, it has gone to further highs by year's end nearly every time.

Persons: Russell, Donald Trump, Cash, Parag Thatte, Thatte, Goldman Sachs, wallowed, Cantor Fitzgerald Organizations: Axonic Capital, Deutsche Bank, Nasdaq

☆ Opinion | J.D. Vance and the Tech-Trad Alliance
▼ + stars: | 2024-07-19 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

Just over seven months ago, the talented pseudonymous writer Trace Woodgrains wrote an essay announcing the Republican Party’s doom — not the doom of electoral irrelevance, since the G.O.P. Vance as Donald Trump’s running mate and the recent surge of support for Trump’s campaign from Silicon Valley, Woodgrains reconsidered the durability of his diagnosis. The Vance pick, he wrote, suggests that “the G.O.P. is looking to make an appeal to anti-woke Silicon Valley or finance types to fill the void left by the Republican Party’s competency crisis,” with Vance himself as an exemplar of what a right-leaning counter-elite might look like. suddenly has more support in Silicon Valley than in 2020 or 2016.

Persons: Trace Woodgrains, ”, Woodgrains, Trump, J.D, Vance, Donald Trump’s, it’s, Peter Thiel, it’s Elon Musk, Marc Andreessen, pander, Reed Albergotti, Noah Smith Organizations: Biden, Republican, Cathedral Locations: United States, Silicon Valley

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