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The U.S. equity strategist now expects the S & P 500 will rise to 5,400 by the second quarter of 2025. Just last week, the S & P 500 closed above 5,300 for the first time. His bull case of 6,350 represents roughly 20% upside over the next 12 months for the S & P 500. Deutsche Bank's Binky Chadha hiked his S & P 500 target to 5,100, noting the benchmark could pop to 5,500. But market strategists on average are anticipating the S & P 500 will fall to 5,220 by the end of 2024, according to CNBC's Market Strategist Survey .
Persons: Morgan, Mike Wilson, Wilson, Morgan Stanley's, Brian Belski, Chadha, Dubravko, Bujas Organizations: CNBC Market, Deutsche
Korean Fried Chicken to Save Your Sunday
  + stars: | 2024-05-19 | by ( Sam Sifton | ) www.nytimes.com   time to read: +1 min
That’s often the way of the world: 20-minute jobs that can run to an hour if you’re not careful, two if you’re reckless. So here’s a dinner for anyone who’s wrestled the weekend and brought it only to a draw: Korean fried chicken (above). Julia Moskin adapted the recipe from one developed by the food writer Cecilia Hae-Jin Lee, using either boneless chicken thighs or bone-in wings. Taste the sauce for the glaze as you make it — some will want a little less ketchup, or a little more gochujang. Serve with sheet-pan japchae and beer you’ve stored in the freezer while you’re cooking the chicken, so cold that it has flecks of ice in it.
Persons: That’s, who’s, Julia Moskin, Cecilia Hae, Jin Lee
CNN —The 2024 Paris Olympics are creeping ever closer and for female US gymnasts, including global superstar Simone Biles, the Core Hydration Classic on Saturday represents the first step towards qualifying for the Summer Games. Gabby Douglas is attempting to qualify for the Paris Olympics after eight years away from competition. Alex Livesey/Getty ImagesNow, Biles begins the qualifying road to Paris at the Core Hydration Classic. ET on Saturday May 18, alongside other gymnasts who have competed at the Olympics or World Championships. Fans can watch the first senior session live on the USA Gymnastics YouTube channel, before the second session – featuring Biles, Douglas and Lee – begins on CNBC and Peacock.
Persons: Simone Biles, Gabby Douglas, Sunisa Lee –, , Biles, Douglas, Lee, Vitaly Scherbo’s, Alex Livesey, Sunisa Lee, Andy Lyons, Jade Carey, Shilese Jones, Lee –, Peacock Organizations: CNN, Summer, Paris, Tokyo, Games, Olympics, Paris Olympics, Olympic, US, NBC News, Getty, Reuters, Pan American, Tokyo Olympic, USA, YouTube, CNBC, NBC Locations: Paris, Hartford , Connecticut, Tokyo, Biles, Douglas
I understand why parents are unhappy with the proliferation of computers in school, as my Opinion colleague Jessica Grose documented in a recent series of newsletters. For example, imagine teaching ratios by showing a Yankees fan how to update Aaron Judge’s batting average. can also give teachers and parents the detailed information they need to help their young charges more effectively. As I wrote last month, there’s a risk that A.I. will substitute for human labor and eventually render us all superfluous.
Persons: Jessica Grose, , “ we’ve, Aaron Judge’s
As they were originally conceived, Disney's international parks were meant to "bring the unforgettable Disney magic to an international audience," according to the company. While the international parks themselves have always taken steps to accommodate diverse audiences — providing shows and attractions in multiple languages — Disney appears to be marketing the international parks to American audiences in more direct ways. In addition to the content creator efforts, Disney has begun to include its international parks in its own content consumed by Americans. In the Disney+ show "Behind the Attraction," which premiered in 2021, numerous variations on American rides at international parks were discussed and digested for American audiences. Disney creators around the world grew their followings, and demand for content from international Disney parks rose alongside them.
Persons: Peter Pan, Disney, Quincy Stanford, AllEars, Stanford, Emma Kenner, Kenner, Taylor Swift, Rolling Stone Organizations: Disney, Tokyo Disney, YouTube, Disney Parks, NBC, Tokyo Disneyland, Magic, Tokyo Disney Resort, Stanford, Walt Disney Co, Paris La Défense, Rolling, Swift Locations: China, Japan, Tokyo, Shanghai, Hong Kong, U.S, California, Florida, Tokyo ., Paris
European markets are poised to open lower Friday after shares snapped a nine-day winning streak in the previous session as earnings weighed on positive sentiment. The pan-European Stoxx 600 closed lower Thursday as earnings misses from Siemens and EasyJet weighed on the index. Earnings come Friday from Richemont and Engie , while inflation updates are due out of the U.K. and euro zone.
Persons: EasyJet Organizations: Siemens Locations: Richemont
Beaten-down clean energy stocks have rallied this week. The iShares Global Clean Energy exchange-traded fund, which tracks sectors from renewable electricity to semiconductors to solar energy, has gained roughly 3%. Plug Power shares have climbed 33%, Enphase Energy shares have gained 8% and NextEra Energy shares have added 4%. Some investors warn that though the tariffs could continue boosting clean energy stocks, the recent rally isn’t driven by just improving fundamentals. Damaging hacks expose the weak underbelly of America’s health care systemA pair of recent ransomware attacks crippled computer systems at two major American health care firms, disrupting patient care and exposing fundamental weaknesses in the US health care system’s defenses against hackers, reports my colleague Sean Lyngaas.
Persons: New York CNN — It’s, Joe Biden, CNN’s Kayla Tausche, , Steve Sosnick, Roaring Kitty, Keith Gill, Dow, Nicole Goodkind, stoking, Gary Pzegeo, ” Read, Sean Lyngaas, cybersecurity, ” Joshua Corman, Sen, Ron Wyden Organizations: CNN Business, Bell, New York CNN, Clean Energy, Enphase Energy, NextEra Energy, Biden, Federal Reserve, Interactive Brokers, CNN, GameStop, AMC Entertainment, Roaring, Dow Jones Industrial, Nasdaq, Markets, Bureau of Labor Statistics, CIBC Private Wealth, “ Industry, Oregon Democrat Locations: New York, China
I'm picky about instant meals, though, so I reviewed 23 of Trader Joe's frozen entrées. AdvertisementVERDICT: Although Trader Joe's penne arrabbiata could make for a satisfying, last-minute dinner, it wasn't memorable enough for me to buy again. Trader Joe's frozen section offers many different Tex-Mex and Mexican-inspired dishes, but I noticed these because of the "hatch chile" description. I thought Trader Joe's vegetable-and-cheese enchiladas were a disappointing, soggy messOnce cooked through, Trader Joe's vegetable-and-cheese enchiladas didn't impress me. I hoped Trader Joe's spicy peanutty noodle bowl with chicken would be goodI enjoyed Trader Joe's spicy peanutty noodle bowl with chicken.
Persons: , Joe's, Wilson, Wilson I'm, it's, penne arrabbiata, I'm, fryer, Savanna, gooey Monterey Jack oozed, they're, might've, I've, provolone, Wilson Jackfruit, didn't, It's, I'd, you've, mozzarella, Bolognese, would've, bolognese, microwaving, gnocchi, it'll, chow, chiles, Wilson I, raved Organizations: Service, Business, Monterey, Wilson, Joe's Locations: Savanna, Monterey Jack, gooey Monterey, Cuban, pesto, jalapeño, gnocchi
Whether retail investors profit from their bets on GameStop and AMC Entertainment or not, one group of companies looks set to cash in from the frenzied trading: stock exchanges. So-called meme stocks, which gained popularity through social media platforms like Reddit and Twitter (or X), have attracted retail investors looking to make a quick profit. Through this new innovative offer, we will offer retail investors a true one-stop-shop experience for equity trading," he said in May 2023. "The rise of retail options trading is another secular trend we're excited to build on with more platforms coming online for index options trading later this year, giving retail investors expanded access to our products," Howson said on an earnings call to analysts this month. ICE, which owns the New York Stock Exchange and several other exchanges, offers trading in stocks, bonds, commodities, currencies and derivatives.
Persons: Eric Leupold, Deutsche Boerse, Benjamin Goy, Stéphane Boujna, FactSet, David Howson, Howson, Oppenheimer, Hannah Gooch, Peters, Marco Iachini ​, Organizations: GameStop, AMC Entertainment, Twitter, Deutsche Borse AG Deutsche Börse, Frankfurt Stock Exchange, Corona, Deutsche Börse, DB1, Deutsche Bank, Global Equity, Cboe, Wall Street, Intercontinental Exchange, Sanlam Investments, ICE, New York Stock Exchange, Vanda Locations: Germany, U.S, Switzerland, Italy, Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, Paris, France, Portugal, Europe
The National Bureau of Statistics is due to release data on retail sales, industrial production and fixed asset investment for April on Friday. Some of the weakness speaks to genuine sluggish demand in China at present. The firm expects this week's economic data releases to show a "softening in economic momentum," affirming its forecasts for the central bank to cut rates by the end of June. "Some of the weakness speaks to genuine sluggish demand in China at present," said Hui Shan, Goldman Sachs' China chief economist, in a note Sunday. Businesses' loan demand fallsNew bank loans to businesses and government organizations dropped sharply in April from March, as did new loans to households, according to official data accessed through Wind Information.
Persons: Hui Shan Goldman Sachs, Louise Loo, Goldman Sachs, Hui Shan, Goldman, RRR, Pan Gongsheng Organizations: Visual China, Getty, BEIJING, National Bureau, Statistics, Reuters, Finance, Oxford Economics, People's Bank of, Information, Clocktower, CNBC Locations: Lianyungang, Jiangsu Province, China, , Beijing, People's Bank of China
Despite a stock market that's less than 1% away from record highs, bearish forecasts are out in full force. And a weakening in the labor market will crush investor confidence and send the stock market falling by as much as 30%. BCA Research: A recession in early 2025 will cause 30% stock market declineBCA strategist Roukaya Ibrahim warned that a 30% correction in the stock market could be sparked by a recession early next year. Rosenberg famously predicted the 2008 recession, but his consistently bearish economic outlooks since then have largely fallen flat. Advertisement"Forward earnings rose to a record high during April, consistent with a solid labor market.
Persons: , they're, Gary Shilling, we've, Shilling, BI's Jennifer Sor, we're, John Hussman, Hussman, wouldn't, Roukaya Ibrahim, Ibrahim, David Rosenberg, We're, Rosenberg, Ed Yardeni, Yardeni, landers Organizations: Service, Wall, Hussman Investment Trust, BCA, Bloomberg Locations: Wall
New York CNN —If you took an American Airlines flight in the 1960s, you’d be wined and dined from the Coach-class “Royal Coachman” menu. “Meal service was once a point of pride,” said Henry Harteveldt, who covers the travel industry for Atmosphere Research Group. Meal service was a big focus of [competition] because entertainment options were more limited,” Harteveldt said. The September 11 attacks accelerated the decline of free airline meals. Airline meals had been the brunt of jokes and criticism for decades, but now people miss them.
Persons: you’d, , Henry Harteveldt, Peter Stackpole, Robert Crandall, Blaise Waguespack, It’s, Beef, ” Harteveldt, Rob Welham, Molly Brandt Organizations: New, New York CNN, American Airlines, Atmosphere Research, Pan American Airline, Shutterstock Airlines, Carriers, Singapore Airlines, Michelin, Embry, Riddle Aeronautical University, , Smithsonian, ” Airlines, “ Airlines, British Airways, Camera, Airlines, Continental Airlines, North America, mojo Locations: New York, Daytona Beach , Florida, Delta, North
Opinion | Is There a Post-Religious Right?
  + stars: | 2024-05-10 | by ( Ross Douthat | ) www.nytimes.com   time to read: +3 min
My one-liner “captured a widely shared assumption” that Trump’s rise signaled “the birth of an irreligious right animated by white racial grievance,” he wrote. The old religious right may have suffered a fatal blow in 2016. But what succeeded it was not a post-religious racialist party, as some feared and others hoped. was preparing to establish white supremacy now are more likely to denounce its ambitions as “Christian nationalist.” Whatever else one makes of this charge, it implies an acknowledgment that a post-religious right has failed to materialize. But when Schmitz says a post-religious right has “failed to materialize” I have to strongly disagree.
Persons: Donald Trump, Matthew Schmitz, , , that’s, Schmitz, Mitt Romney, Republican pollster Patrick Ruffini, Vance, George W, Bush, Trump, Norman Vincent Peale Organizations: Republican, Trump, Christian, Republican Party Locations: American, Ohio
Despite having a master's degree, she's concerned about affording rent upon retirement. AdvertisementCathy R., 63, has a master's degree and has worked all her life, though she's very worried for her future. However, even with a master's, she said she couldn't find anything higher-paying than clerical work, as she was constantly told she didn't have enough experience. "How are you supposed to get that experience when all you do is give me clerical work?" "I don't own anything except a car, I always have to rent, but I don't know how seniors on limited income are paying rent," Cathy said.
Persons: Cathy, ALICE, , Cathy R, she's, We've, ALICE Cathy, hadn't Organizations: Service, Alliance, Lifetime, Income, University of Minnesota, Department of Revenue Locations: Minnesota, Paul, Minneapolis, St
Speaker Christopher Pan lauded the benefits of bitcoin — prompting groans and boos from the college students gathered in the stadium. This story is available exclusively to Business Insider subscribers. Related storiesDuring the speech, he promised audience members free bracelets from MyIntent as an apology for the bitcoin remarks. Pan told BI that he's been working with ayahuasca since 2019 to heal lifelong bullying. In the aftermath of the speech, Pan said he is communicating with angry commenters, while also feeling grateful for support during a difficult time.
Persons: , Christopher Pan, groans, pained, Pan, I've, bitcoin Organizations: Service, Ohio State University, OSU, Pan, Business, LinkedIn, ayahuasca
China was once a profit engine for GM, and its top sales market from 2010 to 2023. GM revealed several vehicles last week in China, including plug-in hybrid versions of its Buick GL8 minivan, a best-seller in China, and the Chevrolet Equinox crossover. "We think clearly that market has shifted and the landscape has shifted … with the capability of the Chinese [automakers]," Barra said. But it has had to aggressively cut prices to compete against Chinese automakers such ay BYD, Nio and others. Stellantis CEO Carlos Tavares earlier this year called Chinese automakers his company's "No.
Persons: Mary Barra, Jeff Kowalsky, we're, Barra, Paul Jacobson, GM wasn't, John Murphy, Michael Dunne, Dunne, Mark Fulthorpe, They'll, they've, Tesla, lockdowns, Elon Musk, Tingshu Wang, Reuters Tesla, Morgan Stanley, Adam Jonas, Musk, Junheng Li, Stellantis, Carlos Tavares, Zhu Jiangming, We've, We're, Ford, John Lawler, Lawler Organizations: General Motors Co, Bloomberg, Getty, General, GM, U.S, Chevrolet, SAIC, GM Pan, Asia Automotive Technology Center, Nurphoto, PSA Groupe, Chrysler, EVs, GM's, Buick, Wuling Motors, Motors, Bank of America Securities, China, Hummer, Durant Guild, America's, Detroit, P Global Mobility, Ford Motor, Tesla, Reuters, EV, Baidu, Warren Capital, Ford, Guangzhou Automobile Group, India & Asia, Lincoln, Lincoln Nautilus Locations: Detroit , Michigan, China, Barra, Beijing, Asia, Shanghai, Russia, India, Thailand, Australia, North America, South Korea, Brazil, Europe, GM's U.S, Qingdao, East China's Shandong, Indonesia, U.S, Nio, Greater China, South America
Sweet Tea-Brined Roast Chicken for Sunday Supper
  + stars: | 2024-05-05 | by ( Sam Sifton | ) www.nytimes.com   time to read: +1 min
I made sweet tea and drank it over an enormous amount of ice, on the stoop, marveling at how sometimes sweet tea is the best tea, even if you usually drink tea straight, no sugar, with not even a lemon to counter the tannins. Sweet tea is reckless tea, unhealthy tea, a liquid candy bar, not something to drink every day. But it has its place, and I made enough of it so I could use the leftovers as a brine for Millie Peartree’s luscious roast chicken (above). Combine the tea with a big handful of Cajun seasoning and marinate chicken legs in it all day. Baste with the juices and serve with baked sweet potatoes, oh my.
Persons: Millie Peartree’s, It’s
Dua Lipa released her third studio album, "Radical Optimism," on Friday. With its Euro-pop vibe, 11-track structure, and dance-forward conceit, "Radical Optimism" does recall its predecessor, but that's hardly a bad thing. Compare that to the trio of "Radical Optimism" singles: "Houdini," "Training Season," and "Illusion," all of which have the makings of a smash. "Radical Optimism" is primed for the same kind of slow-burn success, especially given its familiar shimmer of pop genius. Final Grade: 8.6/10Dua Lipa's "Radical Optimism" was released on May 3, 2024.
Persons: Lipa, Maria, , who's bristled, who'd, I've, I'd, Kevin Parker, Danny L Harle, Caroline Polachek's, Parker, Houdini, they've Organizations: Service, Lipa, Warner Records, Press Locations: Lipa, singledom, untethered
4 ingredients to level up your pasta recipes
  + stars: | 2024-05-03 | by ( Karla Walsh | ) edition.cnn.com   time to read: +12 min
With “Anything’s Pastable: 81 Inventive Pasta Recipes for Saucy People,” “I hope that people realize that there’s so much more than they can and should be putting on pasta,” Pashman said. Substitute 3 tablespoons prepackaged toasted rice powder for the 1 teaspoon oil and ¼ cup rice and skip step 1. In a large heatproof bowl, combine the shallots, ¼ cup cilantro, ¼ cup mint, scallions, chili flakes and sugar. Heat the remaining ¼ cup oil in the reserved skillet over high heat until just starting to smoke. Recipe adapted from “Anything’s Pastable: 81 Inventive Pasta Recipes for Saucy People” by Dan Pashman.
Persons: Dan Pashman, , Pashman, , Harper Collins, ” Pashman, Alla, they’re, Pepe Chili Crisp, He’s, e pepe, Gan Ma, Jing, Dan Liberti, Caesar, Skip, James Park, Chili Crisp, Dan Liberti Dan Pashman’s Larb, browning, Karla Walsh, William Morrow Organizations: CNN, , Saucy, Ritz Crackers, Ritz, Sporkful, HarperCollins Publishers Locations: Italy, African, America, Thai, Des Moines , Iowa
I was born and raised, and currently live, in a small city in California called Loma Linda. As a dietitian and nutritionist here, I think a lot about how the foods we eat can help us feel better and thrive into our old age. Here is everything I eat in a day to help promote longevity and overall well-being. Whole grains can help keep your blood sugar levels stable because they are absorbed more slowly into the body. If I opt for soft tofu, I'll cut it into cubes, drizzle it with Vietnamese Hoisin sauce, and sprinkle it with furikake, a seasoning made from nori seaweed, sesame seeds, sugar and salt.
Persons: Stanley, bok choy Organizations: Linda, Studies Locations: California, U.S, America
In a growing number of cases, that reason can be traced to one proximate source — former President Donald Trump. Or more precisely — how he has torn apart America and our democracy that, for my nearly 80 years on this planet, I have cherished. To be sure, there are reasons for Americans to make the move beyond the prospects of a second Trump presidency. “There’s a feeling of safety that you have and a feeling of belonging in Mexico,” Kahn continued. But as a good American I went, ‘no, I don’t want to go to the hospital.
Persons: David A, CNN Paris CNN — I’ve, Donald Trump, Pamela, , , ’ ”, Adrian Leeds, Adrian, we’ve, ” Leeds, “ It’s, it’s, ” Patricia Casaburi, they’ve, , ” Tony Kahn, ” Kahn, Kahn, Gordon Kahn, J, Edgar Hoover, “ I’m, I’m, I’ve, he’s, Trump, Daniel Tostado, Skyler Schmanski, He’d, Schmanski, , ” Schmanski, Giorgia Meloni, you’re, Casaburi Organizations: CNN, French Legion of, The New York Times, CBS News, CNN Paris CNN, Adrian Leeds Group, Citizen Solutions, Trump, PBS, NPR, America, Hollywood, FBI, Mexico City, Global Citizens Solutions Locations: Europe, Asia, Paris, France, Seine, Tuileries, America, London, Dubai, Mexico City, Mexico, ” Paris, Marseilles, American, Spain, Portugal, Greece, Italy, Brazilian
The space rock, known as 2016 HO3, is a rare quasi-satellite — a type of near-Earth asteroid that orbits the sun but sticks close to our planet. Astronomers first discovered it in 2016 using the Pan-STARRS telescope, or Panoramic Survey Telescope and Rapid Response System, in Hawaii. Scientists call the asteroid Kamo’oalewa, a name derived from a Hawaiian creation chant that alludes to an offspring traveling on its own. Kamo’oalewa specimen: A connecting puzzle pieceStudying crater impacts on the moon can also help scientists better understand the consequences of asteroid impacts should a space rock pose a threat to Earth in the future. There’s no other place, no other planet in our solar system with a moon like our moon.
Persons: they’ve, Giordano Bruno, Yifei Jiao, , Erik Asphaug, Kamo’oalewa, “ You’d, Asphaug, ” Jiao, ” Asphaug, Renu Malhotra, China’s, Patrick Michel, Noah Petro, Artemis III, Petro, , ” Petro, “ It’s Organizations: CNN, Survey Telescope, University of Arizona’s, Laboratory, Tsinghua University, University of, London, NASA, Arizona State University, University of Arizona, National Centre for Scientific Research, Reconnaissance, Artemis Locations: Hawaii, Beijing, , France
Make a Great Taco Even Better With Jackfruit
  + stars: | 2024-04-30 | by ( Ligaya Mishan | ) www.nytimes.com   time to read: +2 min
Rivals for the title include a 144-pounder reportedly sighted at a jackfruit festival in the southern Indian state Kerala in 2010. Kerala is where the American poet and essayist Aimee Nezhukumatathil first tasted jackfruit, at age 8. Then they watched her devour jackfruit and understood that she was one of them after all. But in 2020, when grocery supplies were running low during the pandemic, she spotted canned young jackfruit at the local store. “It’s about as close as you can get to tearing into flesh,” Nezhukumatathil says.
Persons: Aimee Nezhukumatathil, , jackfruit, ” Nezhukumatathil, Nezhukumatathil Organizations: Rivals, Miss Locations: Maharashtra, Kerala, American, Chicago, Oxford, Mississippi, United States
“The way we’re hoping our careers go, we might do something with more grit and teeth,” Schumer told Variety in an interview published on Tuesday, referencing her and Lawrence’s ideal collaboration. A movie with “grit” is a departure from the sibling comedy that Schumer and Lawrence had previously announced that they were developing together. Nearly 10 years later, however, Schumer told the outlet she doesn’t think that project “will ever happen.”“Life kept going,” she said of the reason the film didn’t pan out. I don’t want to say any more than that.”Echoing Schumer’s sentiment, Lawrence also told the outlet that the project is indeed no longer on the table. And despite that project not panning out, the “No Hard Feelings” actor also told Variety this week that they still “have every intention of working together.”
Persons: Amy Schumer, Jennifer Lawrence, ” Schumer, Schumer, Lawrence, , , “ Amy, ” Lawrence, Andy Cohen Organizations: CNN, New York Times, Variety
Read previewIn October 2022, Shopify's once high-flying stock hit its lowest price since before the Covid pandemic. AdvertisementNow, after two rounds of layoffs and a divestment of its fulfillment and logistics business, the picture looks a bit different for Shopify. Shedding a "money-losing logistics business"Dropping logistics and fulfillment is a major part of Shopify's stock comeback story. In May 2023, Shopify announced it would be selling the logistics business entirely to Flexport. In May 2023, Shopify cut another 20% of its workforce as it sold its logistics business to Flexport.
Persons: , Shopify's, Shopify, Oppenheimer, Ken Wong, Wong, D.A, Davidson, Gil Luria, Tobi Lütke, Lütke, Luria, Morgan Stanley, Jeff Hoffmeister, Bhavin Shah, GMV, We've, Shah Organizations: Service, Business, Systems, Investors, SEC, Deutsche Bank Locations: Salesforce, mstone@businessinsider.com
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