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☆ Trump’s Cabinet Picks Have a Familiar, Traditional Look
▼ + stars: | 2024-11-29 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

If, during his first administration, Mr. Trump boasted of his generals from “central casting,” now, it seems, he has applied the same principle to the whole shebang. Tom Homan, his pick for “border czar,” is from “central casting,” he announced in a campaign speech. Kristi Noem, the choice for homeland security, is “beautiful,” he crowed during a rally. Matt Gaetz, the highly controversial choice for attorney general who later withdrew his name from consideration, and his wife, Ginger, are “a seriously good-looking couple,” Mr. Trump said. Not just because of the controversies over some of the names or their very public loyalty to Mr. Trump, but because of what they embody about his worldview.

Persons: Donald J, Trump, ”, Tom Homan, Kristi Noem, Matt Gaetz, Ginger, Mr, Trump’s Organizations: Trump

☆ Super-polluters are venting an invisible, planet-warming gas into the atmosphere
▼ + stars: | 2024-11-27 | by ( Ella Nilsen | Laura Paddison | ) edition.cnn.com time to read: +5 min

It is hunting for leaks of methane — an invisible, super-polluting gas that is dramatically warming the planet. Although it’s leaking less overall than the Permian Basin, for example, it’s an older basin — with older, leaky equipment — that’s producing far less oil and gas. Natural gas is flared Andrews, Texas, part of the Permian Basin, in March 2022. Dilapidated equipment tends to be leakier, and in parts of the Caspian Basin, gas is often treated as a waste product and vented or flared. But because of Venezuela’s proximity to the tropics and frequent cloud cover, capturing its methane emissions has proved challenging.

Persons: ”, Ritesh Gautam, Antoine Halff, Julian Quinones, ” Gautam, Andrews, Joe Raedle, MethaneSAT, Rob Jackson, Jackson, ” Jackson Organizations: CNN, Environmental Protection Agency, Getty, Carbon Project, Stanford University, “ Companies Locations: —, Appalachia, Utah’s Uinta, Turkmenistan, Venezuela, Caspian, Andrews , Texas, “ Turkmenistan, Soviet, American

☆ Barclays lifts price target on S&P 500 to 6,600, sees index rallying 10% in 2025
▼ + stars: | 2024-11-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Barclays sees more upside in store for the broad market in 2025. Equity strategist Venu Krishna lifted the firm's price target on the S & P 500 to 6,600 from 6,500, citing expectations for U.S. technology "exceptionalism" and a "virtuous cycle between income and consumption." .SPX YTD mountain Shares this year The new target from the firm reflects 10% upside from Monday's close and 10% upside from the firm's revised 6,000 current year-end price target. The S & P 500 has surged 25.5% since the start of the year. The firm also lifted its earnings per share estimates for the index to $271 from $268, suggesting nearly 12% year-over-year growth.

Persons: Venu Krishna, Krishna Organizations: Barclays, Big Tech

☆ Larry Summers sounds the alarm bell on inflation — before Trump even takes office
▼ + stars: | 2024-11-12 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Now, with many celebrating the apparent defeat of inflation, Summers is delivering another warning to Washington. Summers, the famed economist and former Treasury secretary, cautioned Tuesday that the inflation genie may not be back in the bottle. “My own judgement is that the Fed and markets are still underestimating the overheating risk,” Summers said during a conversation hosted by the New York Economic Club. “I am fearful that the Fed is going to be more like once burned, twice burned, rather than once burned, twice shy, on inflationary risks,” Summers said. “There is a very substantial risk that the president will attempt to implement what he talked about.

Persons: Larry Summers, Donald Trump, Summers, Trump, “, ” Summers, Clinton, Biden, Jerome Powell, Powell, ” Powell, Donald Trump’s, ” Trump, ” Organizations: New, New York CNN, White, Federal Reserve, New York Economic, Reserve, Harvard, Bureau of Labor Statistics Locations: New York, Washington

☆ Betting markets nailed Trump's decisive win — and it's a good reminder they can be more accurate than polls
▼ + stars: | 2024-11-09 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +6 min

Prediction markets swung in favor of Trump in the weeks before his victory, as polls showed a virtual tie. Proponents point to a number of factors that make betting markets more accurate. That was still hours before major news outlets called the electionPrediction site founders and researchers have long argued that betting markets are more accurate than traditional polling. I think this is the dawn of a new era for prediction markets, and prediction markets are here to stay," Mansour said. If they don't improve, the betting markets could replace them entirely, he predicted.

Persons: —, Donald Trump's, Kamala Harris, Trump, They've, Tarek Mansour, Mansour, Harry Crane, Northwestern University's Thomas Miller, Miller, Biden, Harris, Crane, Davide Accomazzo Organizations: Trump, Service, Rutgers University, BI, Northwestern, Pepperdine Graziadio Business

☆ I want to lose weight but maintain my muscle. A dietitian said to eat more carbs, and keep prioritizing whole foods, protein, and plants.
▼ + stars: | 2024-11-05 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +5 min

A dietitian said that measuring foods for a brief period help with knowing how many calories to eat. She said that her goals are to lose fat and maintain muscle. AdvertisementMockler said she loves that Silvia is prioritizing mostly whole foods, protein, and lots of plants. "She focuses a lot on protein, which is fantastic for both fat loss (keeps you full) and maintaining muscle (protein helps build muscle)," Mockler said. "She didn't mention how much protein she eats, but generally 1.6 to 2.2 grams per kilogram of body weight is a safe range for active individuals looking to build or maintain muscle."

Persons: —, Silvia, Kara Mockler, Mockler, seltzer, Silvia isn't, carbs Silvia, carbs, needn't Organizations: BI's Nutrition Clinic, Service, Insider's Nutrition Clinic Locations: carbs, Cava

☆ Fordham: I believe the polls and markets are undercounting Harris supporters
▼ + stars: | 2024-10-28 | 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 EmailFordham: I believe the polls and markets are undercounting Harris supportersTina Fordham of Fordham Global Foresight discusses what the markets and polling may be underestimating with the race for the White House, with just one week to go before Election Day.

Persons: undercounting Harris, Tina Fordham Organizations: Fordham, Fordham Global Foresight, White

☆ In a World Series built on stars, Shohei Ohtani’s absence would be diminishing
▼ + stars: | 2024-10-27 | by ( Ken Rosenthal | ) www.nytimes.com time to read: +7 min

Yamamoto, making his World Series debut Saturday night, allowed only one hit in 6 1/3 innings, a homer by Soto. If Ohtani misses time during the Series, the Dodgers can adjust by moving Betts to the leadoff spot and making Freeman their DH. After striking out 10 times in 22 plate appearances in the Division Series, Ohtani broke out in the National League Championship Series, batting .364 with a 1.185 OPS. AdvertisementThe Dodgers being the Dodgers, they would use any absence by Ohtani as a rallying point. (Top photo of Shohei Ohtani exiting the field in Game 2: Robert Gauthier/Los Angeles Times via Getty Images)

Persons: It’s, Ohtani, Dave Roberts, Roberts, Aaron Judge, Mookie Betts, Juan Soto, Freddie Freeman, Giancarlo Stanton, Yoshinobu Yamamoto, Gerrit Cole, Yamamoto, Soto, Fernando Tatis Jr, Tatis, Betts, Freeman, Max Muncy, Hernández, Gavin Lux, Tommy Edman, Miguel Rojas, Andy Pages, Edman, Rojas, Tommy Kahnle, –, Max, Let’s, Robert Gauthier Organizations: ANGELES, Los Angeles Dodgers, Yankee, Dodger, Dodgers, Famer, FOX Sports, San Diego Padres, Johns Hopkins Medicine, National League, Games, Yankees, New York Mets, The Dodgers, Los Angeles Times, Getty Locations: New York

“The polls — public and private — are closer in this election than any I have ever seen,” said Dan Pfeiffer, a former aide to Barack Obama. Republican pollster Frank Luntz summed up the election with a single gif: A coin flip. The Trump era brought a return of uncertainty after most pollsters and prognosticators missed his 2016 victory, and 2024 is the narrowest polling election of all three of his runs. In 2020, the data correctly predicted Joe Biden’s victory, but Trump came much closer than many expected. “This race is remarkable for its closeness but also the insane stability of polls here in the closing weeks,” said Republican pollster Kristen Soltis Anderson.

Persons: James Carville, ”, “, Kamala Harris, Donald Trump, Dan Pfeiffer, Barack Obama, Jeff Horwitt, Bill McInturff, Tim Malloy, ” “ It’s, ” Nate Silver, Republican pollster Frank Luntz, Matt Gorman, “ It’s, Bush, Gore, Gorman, “ There’s, Hope, decamping, Ronald Reagan, Barack Obama’s, John McCain, Trump, prognosticators, Hillary Clinton, Joe Biden’s, Monmouth University pollster Patrick Murray, ” Murray, Obama, underestimating Harris, gaffes, pollster Kristen Soltis Anderson, Harris, Carville Organizations: Democratic, NBC, Republican, Quinnipiac University, Supreme, Trump, Monmouth University, Electoral College Locations: Manhattan, Florida, Erie County, Pennsylvania

State polling misses in presidential elections with Trump Polls underestimated Democrat Republican 2020 D+10 D+5 Even R+5 R+10 Iowa Result Poll avg. State polling misses in presidential elections Polls underestimated Democrat Republican 2012 D+10 D+5 Even R+5 R+10 S.C. One theory, presented by a report evaluating 2020 polls, is that Trump supporters were less likely to respond to surveys. Past polling misses in presidential elections for battleground states Years in bold indicate those in which the polling leader lost in that state. D+15 D+10 D+5 Even R+5 R+10 R+15 Note: Averages not available for some states in some years.

Persons: it’s, Donald J, Hillary Clinton, Joseph R, Biden, pollsters, Barack Obama, Bill Clinton, Trump, Mr, Clinton, Obama, Mitt Romney, John McCain, George W, Bush, John Kerry, Al Gore, ”, Chris Jackson, Kamala Harris, Trump’s, “, Berwood Yost, we’ve Organizations: Republican, Mr, Trump Polls, Ohio Texas, Iowa Ohio, Electoral, N.H . Iowa Nev, Nev . Ohio N.M, Nev . Ohio N.M . Iowa Wis, ., . Ohio Mo, Democratic, Ipsos, Biden, Pew Research, Wisconsin Polling, Michigan Polling, Nevada Polling, Carolina Polling, Arizona Polling, Georgia Polling, Franklin & Marshall, Poll of Pennsylvania Locations: Ohio Texas Fla, N.C ., Ariz . Wis, Pa, Nev . Mich . Wisconsin, N.C, Ariz . Fla, Wis, Pa . Mich, N.H, Minn, Nev, Colo, Fla . Ohio Va, N.H . Iowa, Mich, South Carolina, Mont, Mo, Ind, Indiana, Fla, Nev . Ohio, Nev . Ohio N.M . Iowa, Ore, Hawaii, . Ohio, N.H . Fla, Iowa Minn, Wash, Ill, Florida, pollsters, State, Wisconsin, Michigan, Pennsylvania, Nevada, Carolina, Arizona, Georgia

☆ Citi upgrades Cisco Systems, says Wall Street is underestimating AI tailwinds
▼ + stars: | 2024-10-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Don't overlook the artificial intelligence potential of Cisco Systems , Citi said. "While AI is currently a small piece of the biz (~2% of revs), we see the potential for a stronger contribution," he wrote. At least three major hyperscalers have already begun using the company's tools in backend networks, and Malik views Cisco's recent $9 billion 2027 hyperscaler AI opportunity forecast as potentially understated. "We believe shares warrant a sizable discount to networking peer valuation to reflect lingering share loss concerns, somewhat tempered by growing AI opportunities," he wrote. "Even at a 30+% discounted target multiple to peer average, we see meaningful upside to shares."

Persons: Atif Malik, Malik Organizations: Cisco Systems, Citi

☆ 'The Apprentice' director shares the challenges of making a Donald Trump movie despite receiving a cease-and-desist letter from the former president
▼ + stars: | 2024-10-11 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +14 min

Ali Abbasi's film 'The Apprentice' faced backlash from Donald Trump after its Cannes debut. Advertisement"The filmmakers now readily admit they fabricated scenes and created fake stories to fit some deranged narrative about President Trump that is completely untrue," Trump communications director Steven Cheung said Friday. Do a Donald Trump movie!" But frankly, my motivation was that it is not a Donald Trump movie. Maria Bakalova as Ivana Trump and Sebastian Stan as Donald Trump in "The Apprentice."

Persons: Ali Abbasi's, Donald Trump, Abbasi, —, Ali Abbasi, Shelley, Sebastian Stan, Roy Cohn, Jeremy Strong, Stan, Strong, Maria Bakalova, Ivana Trump, Ivana, Trump, Gabriel Sherman, Michael Moore's, Trump's, Steven Cheung, Kamala, Kamala Harris, doesn't, You've, I'm, Roy, Donald, Roy Cohn's playbook, Gabe, Win McNamee, Sebastian, Jeremy, Maria, Martin Donovan, Fred, We're, John Nacion, don't, That's, wouldn't Organizations: Cannes, Trump, Service, York, Briarcliff Entertainment, Business, Zoom, Hollywood, White House, Coastal Carolina University Locations: New York City, Danish, Iran, York City, Hollywood, Cannes, Conway, SC, Scythia, Trump

The windows burst during the storm, flooding the home with 2 to 3 feet of water, De Leon recalled. After Maria hit, when they left the house to assess the damage, they saw that some of their neighbors hadn't survived the hurricane. Milton made landfall as a Category 3 storm at 8:30 p.m. Wednesday near Siesta Key, Florida, a barrier island next to Sarasota. Figueroa was one of more than 100,000 Puerto Ricans who left Puerto Rico during Maria's aftermath. "Hurricane Maria changed our lives and I think that we will never underestimate any hurricane or natural disaster," Aponte Feliciano said in Spanish.

Persons: Hurricane Maria, Cecilia Rosa De Leon, Maria, De Leon, hadn't, Milton, ”, Shailier Figueroa, pantries, Figueroa, Jesús Eduardo Aponte Feliciano, Aponte Feliciano Organizations: Hurricane, Harvard University, Sarasota ., Puerto Ricans Locations: Puerto, Florida, Milton, Orlando, Apopka, seeping, Puerto Rico, Canóvanas, that's, U.S, United States, Siesta Key, Sarasota, Kissimmee, Philadelphia, Georgia

☆ What the Google break-up threat means for Alphabet's stock
▼ + stars: | 2024-10-09 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

The Justice Department's proposals included "behavioral and structural remedies" that would prevent Google from using its products against its rivals. GOOGL YTD mountain Google shares in 2024 Overall, Alphabet shares likely won't change much on the DOJ's initial framework in the short term, according to JPMorgan. The myriad of potential outcomes for Google means there isn't much near-term clarity for the stock. Indeed, Alphabet shares are up 15% in 2024, versus S & P 500's 21% gain. The bigger catalyst for Alphabet shares is the company's opportunity to further reduce its headcount and save on costs, analyst Thomas Champion wrote in a Sept. 30 research note.

Persons: Doug Anmuth, Anmuth, JPMorgan's Anmuth, Craig Moffett, Moffett, Piper Sandler, Thomas Champion, — CNBC's Jennifer Elias, Michael Bloom Organizations: Justice, Google, DOJ, JPMorgan, Meta Locations: U.S

☆ Israel could launch a counterattack on Iran within days — but there's a key reason Netanyahu has less to fear this time
▼ + stars: | 2024-10-02 | by ( Mikhaila Friel | Thibault Spirlet | ) www.businessinsider.com time to read: +7 min

Iran launched a massive missile attack on Israel on Tuesday. AdvertisementIsrael may carry out a revenge attack on Iran within days, targeting oil sites, nuclear facilities, and key political figures, according to security experts. It comes in the wake of Iran's attack on Tuesday, in which Tehran reportedly fired nearly 200 missiles at Israel. "It is likely that the Israeli leadership has already anticipated the Iranian attack and has prepared for it," Voller said. Israeli Prime Minister Benjamin Netanyahu holds a meeting with the Security Cabinet after Iran's missile attacks on Israel in West Jerusalem on October 1, 2024.

Persons: Benjamin Netanyahu, —, Chris Doyle, Israel, Clionadh, underestimating, Doyle, Voller, Avi Ohayon, Axios, Ameneh, who's, ACLED Organizations: Service, Business, UK's University of Kent, Council, Center for Strategic, International Studies, Getty, US Central Command, Islamic Revolutionary Guard Corps Locations: Iran, Israel, Tehran, Israeli, Middle East, Lebanon, British, Clionadh Raleigh, West Jerusalem, Anadolu, United States, East, Raleigh

Analyst Jared Shaw raised his rating on the regional bank to overweight from equal weight and upped his price target by $4 to $14. Analyst Rob Dickerson downgraded the chocolate maker to underperform from hold and slashed his price target by $21 to $163. Analyst Lincoln Kong upgraded U.S.-listed shares to buy from neutral and raised his price target to $22.60 from $16.50. — Alex Harring 5:51 a.m.: BofA hikes Meta price target following Connect event Bank of America sees more room for Meta Platforms to run due to its artificial intelligence possibilities. Starbucks shares are flat year to date, but they have popped more than 20% over the past three months.

Persons: Bernstein, Jared Shaw, NYCB, Shaw, — Alex Harring, Sell Hershey, Jefferies, Rob Dickerson, Dickerson, flatlining, Hershey, Alex Harring, BofA, Ralph Lauren, Christopher Nardone, Justin Picicci, Corey Van der, Nardone, Picicci, Goldman, Bilibili Goldman Sachs, Lincoln, Kong, Bilibili, Justin Post, Post, Metaverse, Meta, Brian Niccol, Danilo Gargiulo, Gargiulo, Niccol, — Fred Imbert Organizations: CNBC, . Bank of America, Barclays, Bancorp New, Bancorp New York Community, Wall, Hershey, America's, Lincoln Kong, Bank of America, Facebook, Meta, Orion, Taco Bell Locations: Bancorp New York, Wednesday's, Thursday's premarket, Bilibili, U.S

☆ 64% of U.S. retirement savers make this 'dangerous' assumption—'avoid it at all costs,' says CFP
▼ + stars: | 2024-09-20 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

The idea behind saving for retirement is to provide yourself with income between when you stop working and when you die. For those born after 1960, full retirement age — when you receive a full Social Security benefit — is age 67. So maybe it's not surprising that most U.S. retirement savers aren't planning on a lengthy retirement. "Building a plan around spending your assets down to zero, for us, we simply avoid it at all costs." In fact, the median retirement age for U.S. workers is 62, according to research from the Employee Benefit Research Institute.

Persons: CNBC's, SurveyMonkey, Yusuf Abugideiri, Yeske Buie, Abugideiri, you'll Organizations: National Center for Health Statistics, Social Security, Research Locations: Vienna , Virginia, America

☆ A portfolio manager who's outperformed a major value index for over a decade shares 4 cheap stocks that the market's overlooking
▼ + stars: | 2024-09-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Market disconnectsSpeaking of mistakes in the market, Rosenthal thinks the current composition of the market is untenable and due for a correction. "We don't think the equal-weighted S&P or any kind of index ex the Mag Seven is at an extremely low valuation," Rosenthal said. Rosenthal holds CVS (CVS) in his portfolio. Nippon Sanso (NPXYY) is a Japanese oil and gas company that Rosenthal believes is undervalued. Combined with the structural tailwind of corporate reforms within Japan, Rosenthal believes this Japanese company's stock is well-positioned to appreciate in the coming years.

Persons: —, Scott Rosenthal, Rosenthal, Rosenthal's, it's Organizations: Service, Hotchkis & Wiley Capital Management, Wiley Global Value Fund, Business, Econ, CVS, Nippon Locations: Japan

☆ Kamala Harris just got one of her best polls of the year
▼ + stars: | 2024-09-17 | by ( Harry Enten | ) edition.cnn.com time to read: +5 min

CNN —One of the best pollsters in America recently came out with its latest survey, and it’s good news for Kamala Harris. That result fell well short of the lead he had in preelection state polling. The fact that the Selzer poll is indicating a similar shift in Harris’ favor in Iowa makes me think the Wisconsin polls may be on to something. This Selzer poll could also be an outlier, and much could change between now and Election Day. The bottom line: You’d much rather have the Selzer poll in your corner than not.

Persons: Kamala Harris, Donald Trump, Sunday’s, Selzer, Harris, Trump, Joe Biden, Hillary Clinton, underestimating Trump, SSRS, Clinton, Harris ’, That’s, Selzer’s, –, Biden Organizations: CNN, Des Moines Register, Selzer, Trump, Hawkeye, Iowa, Wisconsin –, Selzer’s, Badger State, Marquette University Law School, CBS, Badger, Wisconsin, Biden Locations: America, Iowa, Wisconsin, Marquette, Arizona, Georgia, Michigan, Nevada , North Carolina, Pennsylvania

☆ Markets underestimating instability from U.S. presidential elections
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets are 'underestimating' the amount of instability the U.S. presidential elections will bringPhillip Toews of Toews Asset Management breaks down the ways a Harris or second Trump presidency will impact the financial market.

Persons: Phillip Toews, Harris, Trump Organizations: Asset Management

☆ 'We're only in 1996': Why the AI boom is still in its earliest days, according to Bank of America
▼ + stars: | 2024-09-12 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

The AI boom is still in its infancy, following the path of the internet in the 1990s, BofA said. AI's impact will be felt sooner than past tech booms, the bank says. Skepticism about AI has mounted recently as investors get impatient to see AI returns. "Skeptics declare that GenAI's revenue potential doesn't justify the current level of AI infrastructure investment," the report says. On Tuesday, Morgan Stanley chief US equity strategist Mike Wilson said the AI investment theme has been "overcooked," and suggested investors should retreat into defensive stocks.

Persons: BofA, —, Morgan Stanley, Mike Wilson Organizations: Service, Bank of America, ChatGPT

The addition of Gabbard is particularly notable given the tense exchanges she had with the vice president during their 2020 race that left Harris rattled. Trump’s team has been sketching out potential responses on reproductive rights with the expectation Harris will make that a focus during the debate. The Trump campaign has insisted the matter is settled. Thus far, no one is expected to sit in for Harris, just as no one played Biden ahead of the June debate. It’s the second time the vice president will visit the city this week after campaigning with Biden on Labor Day.

Persons: Donald Trump, Kamala Harris, Harris, —, Trump, Joe Biden, Tulsi Gabbard, Harris ’, Biden, Trump’s, Ohio Sen, JD Vance, Rohini Kosoglu, Karen Dunn, Sheila Nix, Sean Clegg, Philippe Reines, Hillary Clinton, Clinton, overconfidence, J.B, Pritzker, underestimating Trump, “, ”, “ They’re, ” Trump, Jason Miller, Vince Haley, Stephen Miller, Matt Gaetz, Don’t, Donna Brazile, Al, ” Brazile, “ Don’t, won’t, Mike Pence, Pence, Mr, ” Harris, It’s, Barack Obama Organizations: Washington CNN, National Constitution Center, Democratic, Trump, Biden, CNN, Illinois Gov, Republican, Florida, ABC, Union, Clinton, “, Labor Locations: Philadelphia, Hawaii, Bedminster, Mar, Lago, Manhattan, Harris, Trump, State, Pittsburgh, she’s, Maryland, Las Vegas, Williamsburg , Virginia

☆ The Fed has redeemed itself after an 'egregious' post-COVID inflation error, former Treasury Secretary Larry Summers says
▼ + stars: | 2024-08-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The former Treasury Secretary told Bloomberg TV that the central bank's interest rate strategy has largely succeeded, even though Fed officials made a major blunder by first underestimating pandemic-era inflation. In 2021, the Fed mischaracterized inflation as "transitory," citing that COVID supply chain disruptions would eventually blow away. Once central bankers grew to understand that inflation needed an interest rate response, the Fed initiated the most aggressive policy-tightening campaign in recent history. In that period, Summers often showcased skepticism that the Fed could clamp down on inflation this way without economic consequences. AdvertisementNow, the main question is how far interest rates could fall during the Fed's September meeting.

Persons: —, Larry Summers, Summers, I've, Jerome Powell, Powell Organizations: Service, Bloomberg, Business, Fed

Greek organizations tend to be the domain of colleges, with students pledging and developing life-long connections in fraternities and sororities. But Kamala Harris’ presidential campaign is thrusting Black Greek organizations into the political sphere. She is the first presidential nominee to come from a Divine Nine Greek organization, so would be the first president from the Black Greek system if elected. That means Harris has ready access to the Divine Nine’s more than 2 million members — including activists, community leaders, philanthropists and more — and what could be a potentially powerful voting and mobilization bloc. Last week, Kiahna W. Davis, a regional director of Alpha Kappa Alpha Inc., formed an AKA political action committee to support Harris.

Persons: Kamala Harris ’, Harris, Kiahna, Davis, Deidra Davis, “, ”, Brandon Bell, Donald Trump’s, Christine Simmons, ” Harris, @akasorority1908, Joe Biden, …, you’re, Minyon Moore, Moore, Hillary Clinton’s, I’ll, doesn’t, Donna Jones Anderson, ” Anderson, there’s, ” Davis Organizations: Alpha Kappa Alpha, Alpha Kappa Alpha Inc, Washington , D.C, “ Alpha Kappa Alpha, Alpha Kappa Alpha Sorority, Democratic, Howard University, Howard, Delta Sigma Theta, Zeta Phi Beta, Democratic National Convention, NBC News, Pan, Hellenic, NBC Locations: Washington ,, California, Indianapolis, hellenic, There’s

☆ Jim Cramer recommends five cyclical industrials with an edge
▼ + stars: | 2024-08-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

These picks incorporate secular themes and a lot to offer Wall Street as the economic landscape changes, he said. Cummins green energy efforts and said it has a strong power systems business that makes products for buildings, including data centers. Even if truck sales have slowed, he said the data systems business is doing well, as data centers — which need generators — continue to proliferate. The company reported higher-than-expected earnings earlier in August, and management indicated power systems drove sales that quarter. Dover topped expectations, but said Wall Street seems to be underestimating the stock at the moment.

Persons: CNBC's Jim Cramer, Eaton Hubbell Parker, Hannifin Cummins, Hannifin Organizations: Cummins, Hubbell, Park Locations: Dover, Eaton

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