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In today's big story, the stock market has officially enjoyed a bull rally for over two years. The big storyBullish on the bull marketNoam Galai/Getty ImagesHappy belated birthday to the stock market's bull rally! Stock market experts who spoke with Business Insider's Matthew Fox don't see things slowing down anytime soon . In fact, the average bull market lasts longer than five years, so we might not even be halfway to the finish line. The actual stock market is healthier, too, as it's no longer reliant on the Magnificent Seven's performance.
Persons: , Noam Galai, Insider's Matthew Fox, Chelsea Jia Feng, we've, Alex Brandon, Jamie Dimon, Ken Griffin, he's, Republican megadonor hasn't, BlackRock, Jett Lara, Augustus Doricko, Doricko, Roblox, Natalie Ammari, Inflation's, Z's, It's Elliott Hill's, Hill, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Nasdaq, Dow Jones, Stock, Insider's, JPMorgan, Republican, Citadel, Wall, Menlo Ventures, Nike, Columbus, District of Columbia Locations: Chelsea, Ukraine, El Segundo , California, a16z, New York, it's, Italian American, London
Now that the Federal Reserve has started to cut the federal funds rate, those yields are moving lower. Lincoln Financial's analysis shows that cash yields have historically fallen by 2%, on average, twelve months after the start of a Fed cutting cycle. What to do with excess cash Instruments like CDs, high-yield savings accounts and money market funds are a good place to stash cash for emergencies and upcoming expenses. However, the forward market implies that they should start to look appealing relative to money funds in about six months, Abate wrote. "We expect investors to rotate from money funds into IG only if compensated for the risk," he noted.
Persons: Joe Boyle, Sallie Mae, Goldman Sachs, Marcus, Michael Kaye, Jayson Bronchetti, Lincoln, Boyle, Lincoln Financial's Bronchetti, Bronchetti, we've, Joseph Abate, Abate Organizations: Hartford Funds, Investors, Federal Reserve, American, Financial, Synchrony, Fed, Lincoln Financial, Bloomberg U.S, Barclays, Reserve, IG Locations: Wells Fargo, U.S
Hurricane Milton's impact on Florida won't cause major losses for catastrophe bond investors, portfolio managers say. Insurance companies still face significant losses, but cat bond investors aren't eyeing the worst-case scenario. AdvertisementThe impact of Hurricane Milton on Florida is unlikely to trigger massive losses for catastrophe bond investors. The losses for cat bond investors, therefore, might only be in the low-single digits. This will drive an increase in risk premiums, leading to higher return expectations for cat bond investors moving forward," Steiger said.
Persons: aren't, , Helene, Milton, Chin Liu, Tanja Wrosch, That's, Florian Steiger, Steiger Organizations: Insurance, Service, Investors, Twelve, Bloomberg, Icosa, Progressive, Allstate, Chubb Limited, Swiss Locations: Florida, Hurricane Milton, Tampa, Milton
Tampa General Hospital is bracing itself for Hurricane Milton with an AquaFence flood barrier. AdvertisementAs Hurricane Milton approaches Florida's central-west coast, Tampa General Hospital, located on a low-lying man-made island, is bracing for disaster, and is preparing to put its flood defenses to the test. Although the fence was successful in protecting the hospital from Hurricane Helene a couple of weeks ago, Hurricane Milton may prove more challenging. A previous disaster-planning project, modeled after a fictional "Hurricane Phoenix" that was more devastating than Milton is expected to be, highlighted Tampa General Hospital's vulnerabilities. Tampa General Hospital did not immediately respond to a request for comment from Business Insider.
Persons: Milton, , Hurricane Helene, Hurricane Milton, Tampa's, Jane Castor, Castor, Jennifer Crabtree, Crabtree, Erinn, Skiba Organizations: Tampa General, Hurricane Milton, Service, Tampa General Hospital, National Hurricane Center, Tampa Bay Times, Bloomberg, Business, Tampa Bay Business, Florida Office, Insurance Locations: Tampa, Florida's, Hurricane, Davis, Tampa Bay, Hillsborough, Hurricane Milton, Florida
Editor’s Note: Call to Earth is a CNN editorial series committed to reporting on the environmental challenges facing our planet, together with the solutions. Rolex’s Perpetual Planet Initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action. London CNN —A magical underwater image of western toad tadpoles has won the 2024 Wildlife Photographer of the Year competition. “A photographer attempting to capture this moment not only brings great skill, but incredible attention to detail, patience and perseverance,” Moran said in the statement. An exhibition of 100 awarded images will open at the museum on Friday.
Persons: Shane Gross, “ Shane, Kathy Moran, Alexis Tinker, , ” Moran, , Doug Gurr Organizations: CNN, Initiative, London CNN, Geographic, Young Wildlife Locations: Lake, Vancouver, British Columbia
A hurricane warning was issued for parts of Mexico's Yucatan state, and much of Florida's west coast was under hurricane and storm surge watches. It had maximum sustained winds of 160 mph (257 kph), the National Hurricane Center said. Its center could come ashore Wednesday in the Tampa Bay area, and it could remain a hurricane as it moves across central Florida toward the Atlantic Ocean. That would largely spare other states ravaged by Helene, which killed at least 230 people on its path from Florida to the Appalachian Mountains. The Tampa Bay area is still rebounding from Helene and its powerful surge.
Persons: Milton, Hurricane Helene, Jane Castor, Nature, Helene Organizations: Tampa, National Hurricane Center Locations: Gulf of Mexico, Florida, Tampa Bay, Hurricane, Mexico's Yucatan, Florida's, Okeechobee, Progreso, Mexico, Tampa, St, Petersburg, Clearwater
MILWAUKEE — Pete Alonso hit a go-ahead, three-run homer off closer Devin Williams in the ninth inning and the New York Mets beat the Milwaukee Brewers 4-2 on Thursday night to win their NL Wild Card Series. With their latest thrilling comeback in the decisive Game 3 against Milwaukee, the Mets advanced in the playoffs for the first time since winning the 2015 National League pennant. New York went 6-7 against the Phillies during the regular season and finished six games behind them in the division standings. The Mets were 22-33 in late May but played as well as anyone in baseball the rest of the regular season. David Peterson, making his first relief appearance of the season, worked the ninth to pick up his first major league save.
Persons: Pete Alonso, Devin Williams, haven’t, Jake Bauers, Sal Frelick, Buttó, Tobias Myers, Williams, Francisco Lindor, Mark Vientos, Brandon Nimmo, Alonso, hadn’t, Jesse Winker, Starling, Brewer, Frelick, Joey Ortiz, Brice Turang, Edwin Díaz, David Peterson, Myers, Jose Quintana, Quintana Organizations: MILWAUKEE, New York Mets, Milwaukee Brewers, NL, Milwaukee, Mets, National, NL East, Phillies, Brewers, Milwaukee’s, Atlanta Locations: Philadelphia, New York, Milwaukee, New
The jobs market had a very strong September
  + stars: | 2024-10-04 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +3 min
The Fed is pivoting away from fighting inflation to supporting the labor market. The encouraging numbers doubled down on a labor market that's showing signs of strength after a slowdown. The Federal Reserve signaled a pivot from fighting inflation to supporting the job market with a 50-basis-point interest rate cut in mid-September, the first cut in four years. AdvertisementWage growth was another highlight for the labor market in September. The latest jobs report didn't just indicate a strong September.
Persons: , Glen Smith Organizations: Service, Federal Reserve, BLS, GDS Wealth Management, Fed
Eventually, "Argo" was released and went on to win an Oscar, and McNairy did, of course, work again. "You truly do feel like you're never going to work again because you've seen it happen where people just kind of stop working." Just keep your head down and focus on the work and don't change what you're doing based on other people's opinions. AdvertisementOn Quentin Tarantino's obscure film taste and how his partner helped him retool his 'Nightbitch' performanceMcNairy in "Nightbitch." I sent in a tape, and all the feedback I got was, "Wow, he really, really likes it, but he's got somebody else in mind for the role."
Persons: Brad Pitt, Ben Affleck, auteurs, Quentin Tarantino, David Fincher, He's, James McAvoy, Amy Adams, he'd, McNairy, Ray Liotta, James Gandolfini, I'd, decamping, Guy Pearce, Robert Patison, Oscar, Mackenzie Davis, Alix West Lefler, Susie Allnutt, you've, Sosie Bacon, Bacon, , Quentin Tarantino's, retool, You've, he's, Quentin, Amy, I've, Variety, Mari, Heller, Sosie, Tina Rowden, Chris Rogers, Chris Cantwell, would've, We'll, it's, I'm Organizations: Hollywood, Oscar, Universal Pictures, Weinstein Locations: Mexico, Texas, Hollywood, California
A user wearing an Oura Ring Courtesy: OuraOura unveiled its new smart ring, the Oura Ring 4, on Thursday, which is available starting at $349. The Oura Ring 4 has new sensors, a sleeker design and up to eight days of battery life. The Oura Ring 4 Courtesy: OuraThe sensors in Oura's third-generation ring are raised and feel like little bumps, but the sensors in the Oura Ring 4 are flat. The Oura Ring 4 is available in twelve sizes and six colors, including a new black finish. A new look for the appZoom In Icon Arrows pointing outwards Redesigned Oura app Courtesy: Oura
Persons: Oura Organizations: preorder
Amazon made a big bet on nerdworld when it decided to back Critical Role's animated series. The "Critical Role" fandom gave the crew more than $11.3 million to get to work, and they later secured Amazon's backing to take their pitch on at the Prime Video streaming platform. According to the sneak peek fans have gotten of the season, this season will also show how Keyleth falls deeper in love with O'Brien's Vax'ildan. There's more Amazon-backed animation work in the pipeline, CR's cofounders sayThe cast of Critical Role. Jon Kopaloff/Getty Images for Amazon StudiosCritical Role is also working on "Mighty Nein," another Amazon-backed animated series based on the team's second long-running "D&D" campaign.
Persons: , Vox, They’ve, Vox Machina, Liam O'Brien, O'Brien, Keyleth —, Marisha Ray —, O'Brien's, It's, Ray, Jon Kopaloff, Matthew Mercer, Mercer — who's, We'll, Mercer, Laura Bailey, " Bailey Organizations: Amazon, Kickstarter, Service, CR, Business, Amazon Studios, Vox Locations: Los Angeles, Exandria
Though the S & P 500 is up more than 20% in 2024, Evercore ISI sees a patch of volatility ahead as the November presidential election approaches — and the firm has stocks to play either outcome. Evercore ISI thinks that automotive components manufacturer Aptiv could rise in the event of a Harris/Walz win. Evercore ISI called the bank "a flight to quality name," saying it was in a competitive position despite an uncertain backdrop. If Trump wins, Charter Communications is one stock that could benefit from a "potentially benign tax environment" and a pickup in M & A activity, Evercore ISI said. Supermarket operator Kroger could also outperform due to its ability to pass through higher prices to consumers, according to Evercore ISI.
Persons: , Evercore, Kamala Harris, Donald Trump, Julian Emanuel, Emanuel, Harris, Walz, APTV, Colin Langan, Brian Meredith, Michael Rollins, Arun Sundaram Organizations: ISI, Democratic, Government, United, Affordable, Medicare, Wells Fargo, Smart, PNC Financial Services, Evercore ISI, PNC, UBS, Trump, Charter Communications, Citi, Kroger Locations: Wells, Regional
Trump Media shares have plunged 70% since going public in March. AdvertisementShares of Trump Media have plunged 70% since the company went public in March. Even after that sell-off, it's carrying a market value of roughly $3 billion, a figure one expert says is still too high. AdvertisementIn addition to the eye-watering valuation, Woods said Truth Social's growth has limited upside due to its political nature. Another lingering issue weighing down Truth Social stock is Trump's increasingly frequent use of its biggest competitor, X, formerly known as Twitter.
Persons: , Jay Woods, Woods, There's, Trump, he's Organizations: Trump Media, Service, Bloomberg, Freedom Capital Markets, United Atlantic Ventures
Her book “Over the Influence: Why Social Media Is Toxic for Women and Girls — And How We Can Take It Back” was recently published by Alcove Press. Keeping tabs of accounts kids are messagingIt’s also important to keep track of whom your children are talking to on social networks. Teaching kids about appropriate contentIt’s also important for parents to pay attention to the content their kids are posting on social media, Akerman said. Then she realized that the photos had been reposted on another social media platform — on an account she said seemed to be used for trafficking girls. The ability for sexual predators to connect with kids on social media poses a serious danger.
Persons: Kara Alaimo, Shalon Nienow, , Anna Akerman, Nienow, ” Nienow, Instagram, they’re, Akerman, , ” Akerman Organizations: Fairleigh Dickinson University, Women, Press, Facebook, CNN, of Pediatrics National Conference and Exhibition, Chadwick Center for Children, Rady Children’s, San, Adelphi University, University of California, Locations: Orlando, California, San Diego, New York
Hurricane Helene killed at least 22 people and left millions without power across the Southeast before weakening on its way north Friday morning, officials said. Hurricane-felled trees caused two deaths in Anderson County, South Carolina, officials said. Debris left by Hurricane Helene in Cedar Key, Fla., on Friday. Miguel J. Rodriguez Carrillo / AFP - Getty ImagesMeanwhile, more than 4.3 million people are experiencing power outages in South Carolina, Georgia, Florida, North Carolina and Virginia, according to poweroutage.us, which tracks utility data. At 11 a.m., the storm was 30 miles southwest of Bryson City, North Carolina, moving northward with maximum sustained winds of 45 mph.
Persons: Helene, Floridians, Jamie Cruse, “ We’re, , , Bruce Rector, NBC’s, Megan Varner, Brian Kemp, Ron DeSantis, Roy Cooper, Hurricane, Miguel J, Rodriguez Carrillo, Ana Gibbs, Ronda Bell, Mike Stewart, Joe Biden, Deanne Criswell Organizations: National Hurricane Center, NBC, ” Clearwater, Georgia Gov, Florida Gov, Gov, North Carolina, Highway Patrol, AFP, Getty, Florida, & Light Company, Duke Energy Florida, Duke Energy, Federal Emergency Management Locations: Big Bend, Florida’s, Perry , Florida, Clearwater, Gulf Coast, Atlanta, Georgia, Pinellas County , Florida, Florida, Dixie County, North Carolina, Catawba County, Charlotte, Anderson County , South Carolina, Cedar Key, Fla, South Carolina , Georgia, Virginia, Valdosta, Ga, Carolinas, Charleston, Wilmington, Raleigh, Norfolk, Bryson City , North Carolina, Georgia , Florida , Alabama, South Carolina
A rare bullish signal with a perfect track record flashed in the stock market this week. This signal has flashed 28 times since 1962, with the S&P 500 averaging 15% returns one-year later. AdvertisementAn ultra-rare bullish signal with a perfect track record flashed in the stock market this week, suggesting another year of record highs ahead. Advertisement"Similar improvements in market breadth resulted in a 96% win rate over the following year," Christians said in a note to clients on Tuesday. But the signal has a perfect win rate when it flashes while the stock market is at or near record highs, as it did this week.
Persons: , McClellan, SentimenTrader, Dean Christians, that's Organizations: Service
Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023. Caroline Ellison was the star witness in the criminal case against disgraced FTX founder Sam Bankman-Fried. Bankman-Fried and Ellison are both, in the eyes of the U.S. judicial system, guilty of the same crimes. Two counts of wire fraud, two counts of conspiracy to commit wire fraud, one count of conspiracy to commit securities fraud, one count of conspiracy to commit commodities fraud, and one count of conspiracy to commit money laundering. Unlike Bankman-Fried, Ellison agreed to a plea deal in December 2022.
Persons: Caroline Ellison, Sam Bankman, Fried, Ellison Organizations: Alameda Research, CNBC Locations: New York
Pilots take shifts on long-haul flights. I toured the secret room stationed above business class on an Air New Zealand Boeing 777-300ER. Go to newsletter preferences Thanks for signing up! That's why pilots take shifts on long-haul flights. When pilots aren't in the cockpit, they're resting in secret rooms on board the aircraft.
Persons: they're, Organizations: Air New Zealand Boeing, Service, Zealand Locations: Auckland , New Zealand, Los Angeles
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
Gavin Newsom that bans all plastic shopping bags. California had already banned thin plastic shopping bags at supermarkets and other stores, but shoppers could purchase bags made with a thicker plastic that purportedly made them reusable and recyclable. The new measure, approved by state legislators last month, bans all plastic shopping bags starting in 2026. “Californians voted to ban plastic grocery bags in our state almost a decade ago, but the law clearly needed a redo. With the Governor’s signature, California has finally banned plastic bags in grocery checkout lanes once and for all.”As San Francisco’s mayor in 2007, Newsom signed the nation’s first plastic bag ban.
Persons: Gavin Newsom, Sen, Catherine Blakespear, Newsom, Christy Leavitt, , Jenn Engstrom Organizations: CNN, Gov, Consumers, Oceana, Environment America Research & Policy, California Legislature, California Public Interest Research Group, Francisco’s Locations: California, California’s, solidifies California
The market for nonalcoholic drinks has been growing as more people — notably younger adults — look to cut their alcohol use. Bowdring says there’s emerging evidence that nonalcoholic beverages may prime kids to switch to the real thing. Surveys of elementary, middle and high school students in Japan, where the legal drinking age is 20, found that 20% to 30% said they were drinking nonalcoholic beverages. So minors in those states can buy nonalcoholic drinks but not those with low levels of alcohol. For minors, there’s no benefit in consuming nonalcoholic drinks, and there is some evidence of potential harm, she said — which is why she thinks states need to step in to curb sales.
Persons: , Molly Bowdring, Kristen Bell, Kelly Clarkson’s, , Bowdring, who’d, Leon Booth, ” Booth, ” Lisa Hawkins, Busch, officiais, Dr, Sanjay Gupta, there’s Organizations: CNN, Stanford Prevention Research, George Institute for Global Health, Budweiser, “ Anheuser, Beer, Constellation Brands, District of Columbia, Get CNN, CNN Health Locations: Corona, Japan, Taiwan, Australia, New South Wales, Georgia, Idaho, Florida, Kansas
AdvertisementBut as ugly as it is, going on the attack may be Combs' only defense, former federal prosecutors told Business Insider. Related storiesThose limits are set down in a section of the federal evidence statute known as "Rule 412." AdvertisementAgnifilo also mentioned a recorded conversation in which Ventura's lawyer asked Combs' lawyer for $30 million to keep the R&B star from publishing a tell-all book about the relationship. "That conversation, I guess, didn't go so well for her and the lawyer," Agnifilo said. Attacking the accuser can backfire at trialIf a judge does allow Combs to air his blame-the-accuser defense, it may backfire before a jury.
Persons: , Sean Combs, Cassandra, Cassie, Ventura, Marc Agnifilo, Combs, Agnifilo, he'd, Johnny Depp, Amber Heard, Depp, Ephraim Savitt, Savitt, Agniflo, Diddy, — Combs, Andrew Carter, Jennifer Beidel, Sean, Jane Rosenberg, didn't, Jeff Kravitz, FilmMagic, Elizabeth Geddes, Kelly, Geddes Organizations: Service, Business, Prosecutors, Combs, FBI, Shihata, Geddes LLP Locations: Manhattan, besmirching, Dykema, Ventura, Brooklyn, Geddes
HSBC in a Sept. 17 report examined the relationship between Fed rate cuts and copper and aluminum prices over the past 30 years. In its base case, Citi sees copper prices averaging $9,000 per ton for the rest of this year, citing U.S. election uncertainty and weak manufacturing sentiment. Energy Citi anticipates that oil will suffer renewed price weakness in 2025, with Brent falling to around $60 a barrel. Based on what happened in 2019, trade tariffs lowered global oil demand growth by 0.2 million barrels a day. A slowdown in China, among the world's largest importer and consumer of oil, has been blamed on slowing global oil demand.
Persons: annualized, it's, that's, Brent Organizations: U.S . Federal Reserve, Citi, HSBC, Commodities, Energy Citi Locations: China, U.S, Europe, Iran
But, on Wednesday, Listenbee said, Abdul-Rahman had not only made bombs, but he had considered placing bombs in trashcans along the route of last year’s Philadelphia Pride March and intended to move to Syria in the hopes of becoming a bomb-maker for a terrorist group. “He wanted to leave America and go to Syria an join a terrorist group. Also seized at that time, Listenbee said, were two phones, and on them, he claims officials discovered “frightening searches” including focused searches on the Philadelphia Pride March. “He was at least considering targeting the LGBT community and the Pride parade,” Listenbee said. Officials said Abdul-Rahman has not entered a plea.
Persons: Robert Listenbee, din Abdul, Rahman, Abdul, Listenbee, , , Khatiba, ” Listenbee, Bragg, NBC10 Organizations: Al, FBI, Philadelphia Pride, Pentagon Locations: Philadelphia, West Philadelphia, trashcans, Syria, America, , United States,
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWhen we had kids, everyone was like, "Oh, you're never going to be able to travel anymore now that you have kids." Children belong in business class like any other passenger who has paid to be thereWe've only flown business class when we have points to fly business class. Oftentimes, it's more comfortable for families to be in business class anyway. Thinking that adults own business class is not right.
Persons: , Monet Hambrick, Monet, James Hambrick — Jordyn, Kennedy, I'm, I've, Hambrick, they've, You'll Organizations: Service, Business, University of Florida Locations: Jamaica, United States, Italy, Greece, America, Colombia
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