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☆ Postelection stock market thrust unable to be sustained as rate and valuation worries creep back in
▼ + stars: | 2024-11-16 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX 1M mountain S & P 500, 1 month The S & P is still about 3-4% above levels where chart readers would start to get more concerned about the underlying trajectory. Even in Friday's 1.3% slide in the S & P 500, only two-thirds of all stocks were down on the day and the equal-weight S & P was off a modest three-quarters of a percent. It makes sense that the market wasn't able to summon a sustained thrust of exuberance after the election anxiety evaporated, given the somewhat demanding starting point. A more mature economic and risk cycle and vulnerability to higher rates among smaller, lower-quality stocks mean they aren't likely to lead from here, Pies says. Is the market presciently foretelling an unleashing of transactional fervor that will return Wall Steet's middlemen to their former glory?

Persons: Goldman Sachs, Russell, Jay Powell, Warren Pies, Goldman Organizations: Nasdaq, KBW, ICE, Trump, Federal Reserve, Investors, Bank, 3Fourteen Research, Wall Street Locations: Friday's

☆ Inflation hit a bump in October after slowing for six straight months
▼ + stars: | 2024-11-13 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

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

An engine failure forced pilots on a Quantas flight to make an emergency landing shortly after it took from an airport in Sydney, Australia. Passengers heard a loud bang shortly after flight 520 from Sydney to Brisbane left the runway on Friday afternoon, the airline said in a statement, adding that it was not an explosion. Engineers concluded after a preliminary inspection and confirmed the Boeing 737 jet suffered a contained engine failure, the statement added. “After circling for a short period of time, the aircraft landed safely at Sydney Airport,” Qantas’ chief pilot, Capt. The plane “was banking a lot” as it turned to prepare for its eventual descent back into Sydney, Willacy said.

Persons: shudder, Mark Willacy, ”, Richard Tobiano, Willacy, ” Firefighters Organizations: Passengers, Brisbane, Engineers, Boeing, ABC News, Sydney Airport, Qantas ’, ” Locations: Sydney, Australia, Australian, “

☆ Gloom, nervousness and joy: What Trump’s victory means for key world regions
▼ + stars: | 2024-11-06 | by ( Cnn Staff | ) edition.cnn.com time to read: +23 min

He also believes Russia is also betting on “US turmoil” under Trump, hoping internal divisions will “distract” Trump from foreign policy. Zelensky, like the others playing to Trump’s vanity through praise, said: “I appreciate President Trump’s commitment to the ‘peace through strength’ approach in global affairs. Those are the central questions now facing Seoul, as Trump has openly considered downsizing the approximately 28,500 US troops stationed in South Korea. Seoul currently pays $1.13 billion annually for American military forces within its territory, a figure which under an agreement signed Monday is expected to rise to $1.26 billion annually in 2026. A screens shows live footage of Donald Trump speaking during a news program in Seoul, South Korea, on November 6, 2024.

Persons: Donald Trump, Trump, CNN’s Clare Sebastian, Vladimir Putin, Hillary Clinton, Clinton, Putin wryly, Joe Biden, Vance’s, Pavel Bednyakov, AP “ Trump, ”, Dmitry Medvedev, Margarita Simonyan, “ Trump, Dmitry Peskov, “, ” Boris Bondarev, ” Trump, Matthew Chance, Benjamin Netanyahu, ” Netanyahu, Biden, –, Kamala Harris –, Trump’s, Amir Levy, trepidation, America’s, Nic Robertson, Annalena Baerbock, Baerbock, Remko de, Mark Rutte, Jens Stoltenberg’s, Stoltenberg, Putin, ” Baerbock, Steven Jiang, Xi Jinping didn’t, Xi, Washington’s, Florence Lo, Harris, Will Ripley, Lai Ching, Vance, Lai, Taiwan’s, Kamala Harris, Chiang Ying, Mike Valerio, they’d, They’d, Camp Humphreys, Lee Jin, Will Trump, Kim Jong, Robert C, Kim, Larry Madowo, Ghana Trump, Uhuru Kenyatta, Akinwumi Adesina, Osinbajo, Hailemariam Desalegn, Jonathan Ernst, George W, Bush, It’s, Stefano Pozzebon, Javier Milei, El, Nayib Bukele, Bolsonaro, Gustavo Petro, Mexico’s Claudia Sheinbaum, Sheinbaum, Del Cueto, Rebecca Noble Organizations: CNN, United, Democratic National Committee, Trump, International Media, AP, RT, Kremlin, White, Israel, White House, America, Iranian, German, NATO, European Union, Getty, Dutch, Democratic, Reuters, South China, Taiwan : Defense, Party, Taiwan, Taiwan Relations, Washington, Congress, Kuomintang, KMT, Economic, of Chicago, Bloomberg News, Army, South, North, Korean, Kenyan, Guinea Alpha Conde, Trump , African Development Bank, Ethiopian, Republican, AIDS Relief, Biden, Conservative, Progressives, US, Mexico “, Border Patrol Council Locations: Russia, East, Europe, China, Taiwan, Korean, Africa, Ukraine, CNN’s, London, Moscow, Russian, Kyiv, American, ”, Jerusalem, Israel, America, Gaza, Lebanon, Iran, Tehran, Hamas, Germany, Soviet, United States, United Kingdom, The Hague, Netherlands, Remko de Waal, Trump, Beijing, –, Shanghai, South, Taipei, Asia, Seoul, South Korea, Korea, North Korea, Japan, Tokyo, Washington, Pyongyang, Accra, Ghana, Tanzania, Zambia, Guinea, Trump ,, Nigeria, AFP, Angola, Bogotá, Colombia, Mexico, Venezuela, Nicaragua

☆ Louisiana trooper avoids jail time in deadly arrest of Black motorist Ronald Greene
▼ + stars: | 2024-10-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

— A Louisiana state trooper pleaded no contest Monday to significantly reduced charges that spare him jail time in the deadly 2019 arrest of Black motorist Ronald Greene, the first conviction of any kind in a prolonged police brutality case that once prompted national outrage. It’s unfair.”District Attorney John Belton declined to say Monday whether justice had been served in Greene’s death, noting the case remains open. York, 51, also will retain his nearly $83,000-a-year pension following his August retirement from the Louisiana State Police. Greene’s death was among several beatings of Black men by Louisiana troopers that prompted the U.S. Justice Department to open an ongoing civil rights investigation into the state police’s use of force. But federal prosecutors still have not said whether they will file charges in the case following a years-long FBI investigation.

Persons: Black, Ronald Greene, Kory York, Greene, York, “, ”, Mona Hardin, John Belton, Greene’s, Mike Small, “ It’s, John Bel Edwards, Edwards, Chris Hollingsworth, heavyset Greene facedown, ’ Organizations: Louisiana State Police, Republican, Associated Press, ”, York, Louisiana, U.S . Justice Department Locations: La, —, Louisiana, ”, York, Monroe

☆ 41-year-old nurse spent $40 on her Etsy side hustle—now it brings in $9,800 a month: I no longer need 'a full-time job’
▼ + stars: | 2024-10-29 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

Walsh, normally a part-time endoscopy nurse, was working full-time to help with the influx of patients at her hospital during the Covid-19 pandemic. Aromatherapy calmed her at home, so she ordered a pound of fragrant eucalyptus online for $40, and used it to create some wall decor in her living room. DON'T MISS: The ultimate guide to earning passive income onlineA couple months into selling wall decor, Walsh scaled back her nursing schedule. She's personally profited about $60,000 from the Etsy shop so far this year, nearly as much as she'll make as a nurse, she estimates. "I don't have to have a full-time job because of Etsy," says Walsh, 41.

Persons: Megan Walsh jolted, Walsh, Aromatherapy, DON'T, She's, It's Organizations: CNBC Locations: Manahawkin , New Jersey

☆ Dodgers dominate Yankees to move within 1 win of World Series victory
▼ + stars: | 2024-10-28 | by ( Andy Mccullough | ) www.nytimes.com time to read: +8 min

“Four more wins!”After a 4-2 victory on Monday over the New York Yankees in Game 3 of the World Series, the Dodgers are on the doorstep of a championship, one far different than the title marred by COVID-19 restrictions in 2020. The first World Series game at Yankee Stadium since 2009 ended as the last two did in Chavez Ravine, with the Dodgers exultant and the Yankees lamenting missed chances. No team in World Series history has overcome a 3-0 deficit. “Hopefully we can go be this amazing story and shock the world,” Yankees manager Aaron Boone said. “If he is able to play, willing to play, he’s going to play,” Roberts said on Sunday afternoon.

Persons: Dave Roberts, hoarse, ” Roberts, Freddie Freeman, “ We’ve, ”, Freeman, Walker Buehler, Clark Schmidt, Freeman’s, Luis Gil, Aaron Judge, Aaron Boone, we’ve, Ohtani, “ Schmidt, Freeman pounced, Judge, “, Tommy Edman, Mookie Betts, Juan Soto, Edman, deke, Buehler, Giancarlo Stanton, Stanton lumbered, Betts, Jazz Chisholm, Anthony Volpe, Teoscar Hernández, Stanton, Hernández, Will Smith, ” Buehler, Boone, benching, Austin Wells, “ Righties, ” Boone, Tommy John, Roberts, “ There’s, Luke Hales Organizations: Dodger, National League, Los Angeles Dodgers, New York Yankees, Dodgers, Yankee, Yankees, ” Dodgers, Los Angeles bullpen, Buehler, ” Yankees, Boston Red Sox Locations: Los Angeles, Chavez, Bronx

Hurricane Milton has exploded into a monster storm as it soaks up its natural fuel, warm water, in the Gulf of Mexico. The National Hurricane Center had warned that Milton was likely to strengthen into a major hurricane, defined by minimum sustained winds of 111 mph, and its status was confirmed at 8 a.m. Monday. Up to 8 inches of rain was forecast, with storm surges of up to 15 feet possible for coastal cities, they said. The latest hurricane is a rare product of the southwest Gulf of Mexico, rather than the Caribbean or the Atlantic. Milton started as Tropical Depression 14, in the Gulf’s Bay of Campeche, sheltered behind the western coast of Mexico’s Yucatán Peninsula.

Persons: Milton, Hurricane Helene Organizations: Milton, National Hurricane Center, NHC, NBC Locations: Gulf of Mexico, Florida, St . Petersburg, Sarasota, Tampa, Orlando, Daytona Beach , Sarasota, Fort Myers, Naples, Southeastern, Hurricane, Florida’s Big Bend, Mexico, Caribbean, Gulf’s, Campeche, Mexico’s Yucatán

Hurricane Milton is expected to continue to develop rapidly as it soaks up its natural fuel, warm water in the Gulf of Mexico. It could be pushing out sustained winds of 145 mph by them, according to its projections, making it a Category 4 hurricane. Rain, strong winds and possible storm surges were expected to begin Tuesday night along Florida’s west coast, according to NBC News meteorologists. Up to 8 inches of rain was forecast, with storm surges of 6 feet and more possible for coastal cities, they said. By late afternoon Saturday, Tropical Depression 14 had become Tropical Storm Milton, according to the National Hurricane Center.

Persons: Milton, Hurricane Helene Organizations: National Hurricane Center, NBC, NBC News, Hurricane Milton Locations: Gulf of Mexico, Florida, Mexico, Cuba, Tampa, Naples, Orlando, Daytona Beach , Sarasota, Fort Myers, Southeastern, Hurricane, Florida's Big Bend, Caribbean, Gulf's, Campeche, Mexico’s Yucatán, Progreso

☆ When threats of violence at school flare up, parents in America face ‘an impossible situation’
▼ + stars: | 2024-10-05 | by ( Michelle Krupa | ) edition.cnn.com time to read: +9 min

The mass attack at Winder’s Apalachee High School was at least the year’s 45th school shooting in America. It typically gets 500 in a year, according to an academic study that claims it’s one of the first to quantify more than 1,000 threats of school violence over four academic years. Emily Elconin/Getty ImagesNo agency or group tracks all threats of US school violence, from possible gun attacks to bombings to any other conceivable danger. Atlanta Public Schools hadn’t warned caregivers so broadly of possible danger like this in at least a year, he said. The Fulton County Sheriff’s Office sent 11 motor and K-9 units to help that day, it later told CNN; the Atlanta Police Department deferred CNN’s questions to Atlanta Public Schools.

Persons: “ it’s, –, Emily Elconin, ”, Seth Coleman, didn’t, It’s, “, She’s, I’m, Coleman, she’d Organizations: CNN, Atlanta CNN, Atlanta Public, pinged, Apalachee High, Oxford High School, Psychological, Sheriff’s, Atlanta Public Schools, ., Atlanta Police Department, Atlanta Public Schools . School, ”, Infrastructure Security Agency, FBI Locations: Atlanta, Winder , Georgia, America, Georgia, Florida’s Volusia County, Michigan, Apalachee, Fulton, Winder, . School, ”

☆ Stocks tumble, oil spikes as Mideast tensions flare
▼ + stars: | 2024-10-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Gold and crude oil rallied, while the 10-year Treasury yield dropped. On the economic data front, job openings rose unexpectedly in August. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Traders elected to crowd into safe-haven assets like gold as Iran launched a barrage of missiles toward Israel on Tuesday. AdvertisementAs oil rallied, so did gold and the bond market, with investors piling into risk-off assets.

Persons: —, Helima Croft, Quincy Krosby, Bill Adams Organizations: Treasury, Service, Traders, RBC Capital Markets, CNBC, Global, LPL, Labor, Comerica Bank Locations: Israel, Iran, Lebanon

☆ China's stock markets are partying like it's 2008, overwhelming systems
▼ + stars: | 2024-09-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's stock markets surged this week, marking the best weekly performance since late 2008. AdvertisementChina's stock markets closed sharply higher Friday, notching their best week in 16 years as investors joined the rally party. The stock market party overwhelmed tech systemsThe stock market party got too hot to handle. AdvertisementFurthermore, the US Federal Reserve has started cutting interest rates, which has historically benefited Chinese markets, they added. So even if Beijing's stimulus isn't enough for China's economy, a liquidity or leverage-driven market rally could still be "very powerful," they wrote.

Persons: —, Vishnu Varathan, Hong, Hao Hong, Pan Gongsheng, Data.TS, Freya Beamish, Rory Green Organizations: Service, Grow Investment, Shanghai Stock Exchange, of America, Bank of America, US Federal Reserve, People's Bank of China Locations: China, Beijing, Asia, Japan, Shanghai, India

☆ Why a scandal consuming a Trump protégé could harm the ex-president in North Carolina
▼ + stars: | 2024-09-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

And Democrats have several times thought North Carolina was ripe to pick off in recent elections — only for it to stubbornly stay red. But his new problems quickly pushed North Carolina even further to the forefront of the presidential race. How Trump can mitigate the damageThe KFile investigation about Robinson landed the Trump campaign with a suddenly breaking crisis. Mark Robinson walks past former President Donald Trump after being introduced at a Trump campaign event in Asheboro, North Carolina, on August 21, 2024. Those 16 electoral votes would open hugely significant possibilities for Harris, but Democrats have seen their hopes dashed in North Carolina before.

Persons: Donald Trump, Mark Robinson, Robinson, MAGA, CNN’s KFile, “ Martin Luther King, Kamala Harris ’, Trump’s, Harris, Trump, — Robinson, Josh Stein, David Plouffe, ”, Barack Obama, —, Joe Biden, Sarah Huckabee Sanders, envelops Trump, she’s, Oprah Winfrey, Chuck Burton, Karoline Leavitt, Biden, ” Leavitt, Margaret Hoover, ” Hoover, CNN’s Erin Burnett, “ MAGA, CNN’s Alayna Treene, Kristen Holmes, Harris The Harris, doesn’t, Carolina’s, Roy Cooper, “ Donald Trump, ” Cooper, Obama, Mitt Romney, Hillary Clinton, Nate Silver, CNN’s Jake Tapper, ” Silver, he’ll Organizations: CNN, Republican, Gov, Trump, White, Trump GOP, Republican Party, Electoral, Democratic, North Carolina, North, Arkansas Gov, Asian Pacific, America, Black, Asheboro, Harris The, NC GOP Locations: North Carolina, Trump, Pennsylvania , Wisconsin, Michigan, House, Springfield , Ohio, New York, Black, Asheville , North Carolina, Carolina, Asheboro , North Carolina, Virginia

☆ 3 couples who recently got mortgage interest rates under 3% share how they did it
▼ + stars: | 2024-09-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +10 min

Read previewOver the past few years, US mortgage rates have fluctuated wildly, leaving both homebuyers and sellers scrambling. AdvertisementThis can lead to significantly lower interest rates, making monthly mortgage payments more affordable and saving thousands over the life of the loan. The Federal Open Market Committee, which oversees US monetary policy, is expected to cut interest rates at its meeting this week. This could lead to further declines in mortgage rates in the coming months. Here are the stories of three homebuying couples who secured mortgage rates below 3% since March 2023 using assumable mortgages.

Persons: —, Louis, Freddie Mac, aren't, Grace Lucchese, Mickey Ricard, Boston —, Lucchese, Ricard, Riccard, Brian Sankey, Fort Knox, Sankey, Brian Sankey Sankey, wouldn't, Amy Yzaguirre, Yzaguirre, I've Organizations: Service, Federal, Fed, Federal Reserve Bank of St, Business, Federal Housing Administration, Department of Veterans Affairs, Market Committee, Boston, Lucchese, assumable Veterans Affairs, Veterans Affairs, Army, Toyota Tacoma Locations: Lucchese's, Sudbury , Massachusetts, Boston, couple's Massachusetts, Elizabethtown , Kentucky, Fort, Elizabethtown, Oregon, Idaho, Tigard, Portland, Sherwood

☆ Top Wall Street analysts pick these dividend stocks for attractive returns
▼ + stars: | 2024-09-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To that end, the recommendations of top Wall Street analysts can help investors choose stocks with strong fundamentals and the ability to pay consistent dividends. Here are three dividend stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. MPLX LPWe start this week with MPLX (MPLX), a midstream energy player. Recently, RBC Capital analyst Elvira Scotto reiterated a buy rating on MPLX stock with a price target of $47. The company recently paid a base dividend of $1.25 per share of common stock and a variable dividend of $1.27 per share.

Persons: Wall, Elvira Scotto, Scotto, TipRanks, Scott Hanold, Ivan Feinseth, Feinseth Organizations: Wall, MPLX, RBC Capital, Logistics, Energy, Hanold, Chord Energy, Tigress Locations: buybacks, Williston

☆ Consumer inflation slows to lowest rate since February 2021
▼ + stars: | 2024-09-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

On a monthly basis, prices rose 0.2%, unchanged from July. Economists were expecting the annual rate would slow significantly last month to 2.6% annually, according to FactSet. Falling gas prices helped bring overall inflation lower in August, dropping by 0.6% for the month and 10.3% annually. Grocery prices held flat for the month, and overall food inflation was up 0.1% in August and 2.1% annually. On an annual basis, it’s up 5.2% and accounts for more than 70% of the annual increase in core CPI.

Persons: briskly Organizations: CNN, Federal Reserve, of Labor Statistics, BLS Locations: That’s

☆ The hedge fund trade unwind that jolted Wall Street this week may continue to agitate markets
▼ + stars: | 2024-08-09 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

The recent unwinding of the yen "carry trade" could remain a long-term headwind amid already turbulent markets. JPY= YTD mountain The Japanese yen's appreciation against the U.S. dollar marked the unwinding of the so-called carry trade. "There's still quite a significant yen short position out there," Osborne said. He estimates that there is still a roughly $15 billion yen short position through July 30, still to be covered. In other words, that short position could drive more strength in the yen as that position is covered.

Persons: —, Shaun Osborne, Osborne, Everyone's, Rob Ginsberg, Ginsberg, FedWatch, Ben Emons Organizations: Bank of, U.S, Scotiabank, U.S . Federal Reserve, Bloomberg, Wolfe Research, Swiss Locations: Bank of Japan, Japan

On Today’s Episode:Harris Faces Party Divisions as She Chooses a Running Mate, by Reid J. Epstein, Theodore Schleifer and Nick CorasanitiMarkets Around the World Are Jolted by Fears of Slowing U.S. Growth, by Daisuke Wakabayashi and River Akira DavisHurricane Debby to Strike Florida’s Big Bend Region, by Isabelle TaftBangladesh’s Prime Minister Seeks to Leave Country Amid Protests, Officials Say, by Mujib Mashal and Saif Hasnat

Persons: Reid J, Epstein, Theodore Schleifer, Nick Corasaniti, Daisuke Wakabayashi, Akira Davis, Debby, Isabelle Taft Bangladesh’s, Mujib Mashal, Saif Hasnat Organizations: Harris Locations: Bend

☆ How the 9/11 Plea Deal Came Undone
▼ + stars: | 2024-08-04 | by ( Carol Rosenberg | Eric Schmitt | ) www.nytimes.com time to read: 1 min

In the space of three days last week, the Sept. 11 case was rocked by two decisions that stunned victims’ families and jolted a political debate. First, a Pentagon official authorized a plea agreement meant to resolve the case with lifetime sentences. Then, Defense Secretary Lloyd J. Austin III abruptly canceled the deal, reviving the possibility that the man accused of planning the attacks, Khalid Shaikh Mohammed, and two accused accomplices could someday face a death penalty trial. Suddenly, a case that had mostly drifted from public consciousness in 12 years of pretrial proceedings was back in the spotlight and no closer to the trial that some relatives of the nearly 3,000 victims had been aching for at Guantánamo Bay. This account of those fateful three days is based on interviews and conversations with Pentagon officials, Sept. 11 family members and parties to the case.

Persons: Lloyd J, Austin III, Khalid Shaikh Mohammed Organizations: Pentagon Locations: Guantánamo

☆ Wall Street’s Turbulent Week Ends With Another Drop
▼ + stars: | 2024-08-02 | by ( Danielle Kaye | More About Danielle Kaye | ) www.nytimes.com time to read: 1 min

Stocks skidded on Friday, capping off a turbulent week for Wall Street, as investors were jolted by data showing that hiring slowed and unemployment rose in July. The S&P 500 fell 2.4 percent within the hour after the jobs report was released, while the tech-heavy Nasdaq dropped 3 percent. Yields on government bonds, which are sensitive to expectations for the economy, dropped sharply, and oil prices were lower too. The U.S. economy added 114,000 jobs on a seasonally adjusted basis, much fewer than economists had expected and a significant drop from the average of 215,000 jobs added over the previous 12 months. The unemployment rate rose to 4.3 percent, the highest level since October 2021.

Organizations: Wall, Federal Reserve, Nasdaq Locations: U.S

☆ Small cap Russell 2000 posts 10% gain in July, trouncing other indexes
▼ + stars: | 2024-08-01 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Wall Street ended July with a bang that turned a volatile month into a winner. The Russell 2000 soared 10.1% in July, its biggest one-month gain since December. .RUT YTD mountain Russell 2000, year-to-date Bank of America thinks this "pain trade" will continue as a new month of trading kicks off. Among the big analyst calls on Wall Street this morning, Morgan Stanley upgraded GE Vernova to overweight from equal weight. "We believe we are at the early stages of a multi-decade energy transition investment cycle that will require significant capital investment in gas power, renewables, and grid expansion/enhancement.

Persons: Russell, Savita Subramanian, Morgan Stanley, Andrew Percoco Organizations: Nasdaq, Nvidia, Bank of America, GE

In a rare breach of Israel’s multilayered air-defense system, a drone fired by the Houthi militia in Yemen slammed into an apartment building near the United States Embassy branch office in Tel Aviv early Friday, killing at least one person and wounding eight others. Pentagon officials expressed doubt that the drone had specifically targeted the U.S. building, an attack that analysts assessed had possibly been an attempt by the Houthis to strike anywhere they could in Tel Aviv. The Houthis, an Iranian-backed militia that has been attacking ships in the Red Sea, claimed responsibility for the strike on the city of 450,000 people. No air-raid sirens warned residents before the drone crashed into the building, causing an explosion that jolted people from their sleep, shattered windows and left shrapnel scattered on the streets. “We are investigating why we did not identify it, attack it and intercept it,” Admiral Hagari said on Friday.

Persons: Daniel Hagari, Admiral Hagari Organizations: United States Embassy, Pentagon Locations: Yemen, Tel Aviv, Iranian, Red

☆ Can Boeing get back to its glory days?
▼ + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +17 min

Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.

Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington

☆ How Will Vance Affect the Race? Look at 2028, Not 2024.
▼ + stars: | 2024-07-16 | by ( Nate Cohn | ) www.nytimes.com time to read: +1 min

The campaign was jolted by President Biden’s debate performance, which led many Democrats to call on him to leave the race. Of all these events, the selection of Mr. Vance seems by far the least significant — at least for this campaign. Historically, vice-presidential selections play only a minor role in the course of presidential elections, and Mr. Vance is probably less likely than most to change the direction of the race. His basic political identity — a white, male, populist Trump loyalist — reinforces the core message of the Trump ticket. Mr. Vance will not bestow a small home state “bonus” in a swing state, either, as Mr. Vance’s home state, Ohio, is not competitive.

Persons: Biden’s, Donald J, Trump, Vance, Tim Kaine, Sarah Palin Organizations: Trump, Republican Locations: Ohio

☆ Japan's yen surges after U.S. inflation data as traders monitor possible intervention
▼ + stars: | 2024-07-11 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

People stand outside a money changer looking at the rates of the Japanese yen against foreign currencies, along a street in central Tokyo on April 29, 2024. The dollar lost around 2% against the Japanese yen on Thursday as the market was suddenly jolted by fresh inflation U.S. data. The dollar rose as the U.S. reacted to its lowest CPI (consumer price index) reading in more than three years. But it comes at a time when traders are on high alert for more yen intervention from Japanese authorities as they try to prop up its ailing currency. Masato Kanda, the vice-minister of finance for international affairs of the Ministry of Finance, told Jiji Press that he was not in a position to comment on any possible intervention.

Persons: Kit Juckes, Marc Ostwald, Masato Kanda, wasn't Organizations: U.S, Reuters, Societe Generale, CNBC, ADM Investor Services, CPI, Ministry of Finance, Jiji Press Locations: Tokyo, London, JPY

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