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☆ Bank of America double upgrades this PC maker, cites strong fundamentals
▼ + stars: | 2023-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Growth in long-term fundamentals should outweigh short-term headwinds for HP , according to Bank of America. The bank double upgraded shares of the technology company to a buy from underperform rating Tuesday. The new forecast points to more than 28% upside potential from HP's Monday closing price of $25.67. The analyst cited tighter cost controls, growth from an improving PC outlook and increased operating profit dollars. "[Positive] drivers include an improving PC market backdrop, improved profitability from cost actions and stable to higher free cash flow over the next several years."

Persons: Wamsi Mohan, Mohan, — CNBC's Michael Bloom Organizations: HP, Bank of America Locations: China

☆ Morning Bid: October market fillip as government stays open
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. U.S. Treasury yields, whose relentless rise of late has been at the heart of market disturbances as it prices "higher for longer" interest rates, pushed higher again on Monday too. Ten-year yields were up five basis points to 4.62% - just shy of last week's 16-year peak of 4.69%. Key developments that should provide more direction to U.S. markets later on Monday:* US Sept manufacturing surveys by ISM and S&P Global. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Kevin McCarthy, McCarthy, Goldman Sachs, Jerome Powell, Michael Barr, Loretta Mester, John Williams, Fitch, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Democratic, Republican, Ukraine, Treasury, Bank of Japan, of, Petroleum, Reuters, P Global, Cleveland Fed, New York Fed, Tech, Moody's, U.S . AAA, Chicago, Thomson Locations: New York City, U.S, Russia, OPEC, China, France, Italy, Spain, Germany, York

Scientists thought a dog-fox hybrid was impossible until one was discovered in Brazil in 2021. However, the discovery of a dog-fox hybrid in Brazil suggests that "The Fox and the Hound" might sometimes be a little more "Lady and the Tramp." This is the first documented case of a dog-fox hybrid. What does the dog-fox hybrid tell us? AdvertisementAdvertisementIt is important to note that the pampas fox species is very different to the red fox (Vulpes vulpes).

Persons: —, Jacqueline Boyd Organizations: Service, Fox, Scottish, Animal, Nottingham Trent University Locations: Brazil, Portuguese, Poland

☆ What Warren Buffett learned from his past investment mistakes, including IBM and airlines
▼ + stars: | 2023-10-01 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

In the years after Buffett sold IBM, he dramatically raised Berkshire's stake in Apple, becoming the largest shareholder outside of index and exchange-traded fund providers. As of the end of June, Berkshire's Apple stake was worth more than $177 billion, accounting for nearly half of Berkshire's entire equity portfolio. Buffett also admitted it was a mistake not being an early investor in Amazon , saying he underestimated the brilliance of founder Jeff Bezos. Some said that Buffett sold them too early and missed the subsequent rebound when the economy reopened. "It could've been worse, but it was a mistake," Buffett said during 1995 annual meeting .

Persons: Warren Buffett, he's, Buffett, Berkshire's, That's, Ben Graham, Jeff Bezos, Charlie Munger, we'll, I'd, Long, we'd, Richard Branson Organizations: Oracle, HP, Apple, Business Machines, IBM, Berkshire's Apple, Taiwan Semiconductor, Big Tech, Google, — United, Delta Air Lines, US Air, Virgin Atlantic Airways Locations: Omaha, Berkshire, Taiwan, U.S, American, Southwest

☆ Stocks enter October in a 2-month correction as traders question the economy's resilience
▼ + stars: | 2023-09-30 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX YTD mountain S & P 500 in 2023 The median stock in the index, though, is nearly 16% off its 52-week high and is flat year to date. The S & P also went nine straight sessions through Wednesday recording a lower low than the day before, something that had only happened a dozen times over the prior century, says SentimenTrader.com. But the raw numbers say the S & P 500 has dropped from 19.7-times the next 12 months' projection to 17.9-times in two months. The equal-weight S & P 500 is at 14.3-times forward earnings; it bottomed last October just under 13. The S & P 500's annualized total returns for the last three, five and ten years are all between 10-12%, slightly above the long-term average.

Persons: Bonds, Friday's, Johnson, handicapping, shutdowns Organizations: Federal Reserve, Treasury, Deutsche Bank, Target, American Express, Investment, CNN Locations: lockstep

☆ Redonda: A Caribbean island once ruled by rats is now a wildlife haven
▼ + stars: | 2023-09-29 | by ( Nell Lewis | ) edition.cnn.com time to read: +8 min

But with the humans came invasive species, such as black rats and feral goats. In 2016, they launched an effort to restore the island and eliminate the invasive species. We just removed the rats and the goats, and the island transformed right in front of our eyes,” she says. Jenny Daltry/Fauna & Flora/Re:wild Jenny Daltry/Fauna & Flora/Re:wild Redonda island, before and after the eradication of invasive species. Redonda, which is about a mile long, was estimated to have around 6,000 rats and 60 goats pre-eradication, explains Bradshaw.

Persons: Christopher Columbus, Redonda, Ed Marshall, ”, Johnella Bradshaw, Jenny Daltry, they’re, Bradshaw, “, ” Bradshaw, Lawson Lewis, Nneka Nicholas, Helena Jeffery Brown, Nature Organizations: CNN, Environmental, Barbuda Defence Force, Department of, Department for Environment, “ Locations: Redonda, Antigua, Barbuda, Caribbean, Fauna

It's a long way from the Wembley mudfest in 2007 when the New York Giants beat the Miami Dolphins 13-10 in the first London game. The league said the NFL Academy's TikTok channel has the highest engagement of its channels on the the popular video-sharing app. The NFL won't overtake the Premier League for popularity in Britain but it says it has 14 million fans with 3 million deemed “avid” fans. Results of a survey by media consulting firm Altman Solon indicate good consumer trends for the NFL in Britain. The Jags' game on Oct. 8 against the Buffalo Bills at Tottenham will be run by the league.

Persons: It's, ”, Henry Hodgson, —, ” Hodgson, Altman Solon, Matt Del Percio, Maria Gigante, Shad Khan, Daniel Levy, Tottenham —, ” “, Clint Black, “, ” Gigante Organizations: Tottenham Hotspur, Jacksonville Jaguars, Atlanta Falcons, Wembley, Buffalo Bills, Tottenham —, New York Giants, Miami Dolphins, Britain . League, Sky Sports, BBC, ITV, London, NFL, Premier League, Jaguars, Tottenham, Houston Texans, EverBank, Denver Broncos, Premier League soccer, Fulham, English Football Association, Jacksonville Locations: Germany, Spain, Europe, Britain, London, Ireland, JAGS, Jacksonville, U.S

Moves in bond yields, implied inflation breakeven rates, and inflation-adjusted 'real' yields suggest investors anticipate the Fed's 'higher for longer' interest rate policy will help lower inflation to around 2.5%. But this is not a re-pricing of the Fed's near-term trajectory, rather a repricing of the longer term economic and inflation outlook. This suggests the Fed is entering a phase of structurally higher rates than perhaps policymakers themselves, and certainly investors, had anticipated. Many analysts are skeptical that moves in bond yields can be broken down, quantified and compartmentalized with any great degree of accuracy. TIPS are a key market-based barometer of investors' inflation expectations, but they have their flaws.

Persons: Austan Goolsbee, Goldman Sachs, Marvin Barth, Barth, Torsten Slok, Jamie McGeever, Christina Fincher Organizations: Chicago Fed, CNBC, Securities, Apollo Global Management, Reuters, Thomson Locations: ORLANDO, Florida

☆ Biden calls on Congress to fund government as Moody's and Wells Fargo warn of shutdown effects
▼ + stars: | 2023-09-26 | by ( Emma Kinery | ) www.cnbc.com time to read: +3 min

U.S. President Joe Biden speaks during an event announcing a new White House Office of Gun Violence Prevention, in the Rose Garden of the White House in Washington, D.C., Sept. 22, 2023. WASHINGTON — President Joe Biden on Tuesday asked Congress in a social media post to fund the government as warnings grew that a looming shutdown could harm the U.S. credit rating and dollar. "There's a small group of extreme House Republicans who don't want to live up to that deal," Biden said in the video, posted on X, formerly known as Twitter. Moody's, the only major credit rating agency to still give U.S. sovereign credit a top AAA rating, on Monday said a shutdown would affect that rating. Another major credit rating agency, Fitch, last month downgraded the U.S. long-term foreign-currency issuer default rating.

Persons: Joe Biden, Biden, I'm, Wells, Fitch, Moody's Organizations: White, Washington , D.C, WASHINGTON, Tuesday, Biden, Republicans, Representatives, Republican, AAA, U.S Locations: Rose, Washington ,, America

☆ When is the second Republican debate and will Trump attend?
▼ + stars: | 2023-09-26 | by ( Tim Reid | ) www.reuters.com time to read: +5 min

REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsSept 26 - Seven Republican candidates will take part in the second 2024 Republican presidential debate on Wednesday in California. FEWER CANDIDATES - AND NO TRUMP AGAINThe qualifying rules for the second debate are more stringent than the first last month, when eight candidates were on stage in Milwaukee. As he did in August, Trump will hold a rival event at the same time as the debate. Once the clear second-place candidate behind Trump, DeSantis' campaign has floundered as some other candidates closed the gap with him in recent polls. After Ramaswamy's pugnacious performance in the August debate, expect to see more attacks on him and his lack of experience, especially by Haley and Pence, both of whom had strong outings last month.

Persons: Ron DeSantis, Jonathan Ernst, Donald Trump, Ronald Reagan, Milwaukee . Long, Asa Hutchinson, Trump, Joe Biden, Mike Pence, Nikki Haley, Tim Scott of, Vivek Ramaswamy, Chris Christie, Doug Burgum, DESANTIS, DeSantis, Ramaswamy, RAMASWAMY, Ramaswamy's, Haley, Pence, Scott, TRUMP, BIDEN, Christie, Biden, Hunter Biden, Tim Reid, Costas Pitas, Ross Colvin, Jonathan Oatis, Christian Schmollinger, Susan Heavey Organizations: Florida Governor, Republican, Family Research, REUTERS, Foundation & Institute, Republican National Committee, Fox Business Network, Univision, United Auto Workers, UAW, Trump, South Carolina, New, North Dakota, DeSantis, Democratic, Thomson Locations: Washington , U.S, California, Detroit, autoworkers, Wisconsin, Simi Valley , California, Los Angeles, U.S, Milwaukee ., Arkansas, Florida, Tim Scott of South Carolina, New Jersey, North, Arizona, Nevada

☆ India's BJP, the world's biggest party, plots election drive of epic scale
▼ + stars: | 2023-09-26 | by ( Rupam Jain | ) www.reuters.com time to read: +9 min

[1/5] FILE PHOTO-Partha Chaudhury, 39, a worker of India's ruling Bharatiya Janarta Party (BJP), speaks with Reuters during the party's outreach program in Kolkata, India, May 30, 2023. "We want people to remember that the BJP knocked on their doors much before any opposition party worker did." "The BJP's challenge as the dominant national party is to manage voter fatigue and to sustain the enthusiasm among its cadres after two terms in power," Mehta added. "This time, the world's biggest party has launched the biggest-ever outreach to win the world's biggest elections." The BJP was beaten by a regional opposition party four years ago, even though it had strong support there, winning roughly 600,000 of the total 1.5 million votes cast.

Persons: Partha Chaudhury, India's, Avijit Ghosh, PM Modi, Chaudhury, Narendra Modi, It's, Tamoghna Ghosh, Modi, J.P, Nadda, Nalin Mehta, Mehta, isn't, Moitra, Mallikarjun Kharge, Long, Rupam Jain, Pravin Organizations: Bharatiya Janarta Party, BJP, Reuters, REUTERS, Party, PM, Bharatiya Janata Party, archrival Congress, UPES School of Modern Media, Trinamool, Krishnanagar, Pravin Char, Thomson Locations: Kolkata, India, KOLKATA, West Bengal, New Delhi, Uttarakhand, INDIA, India's, Calcutta

☆ Goldman Sachs gives its playbook for which stocks to buy and sell in this latest rate spike
▼ + stars: | 2023-09-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Treasury yields jumped last week, with the 10-year Treasury hitting its highest yield since 2007. Long duration stocks, which have the bulk of their projected earnings and cash flow far off in the future, have started to underperform short duration stocks that are generating significant cash already. For investors looking for short duration stocks that have not yet started to outperform, shares of rental car company Hertz Global are down 20% month to date. Overall, the short duration stocks highlighted by Goldman have lower valuations and a stronger near-term earnings picture than the long-duration stocks. 50% of companies in the Long Duration basket are expected to post negative EPS in 2023, compared with 6% for Short Duration," Kostin said.

Persons: Goldman Sachs, David Kostin, Kostin, Goldman, — CNBC's Michael Bloom Organizations: Treasury, Sinclair, U.S . Steel, . Steel, Hertz Locations: LSEG .

But Mayor Eric Adams has sought to curtail who can come and stay in the care of the city, which has a unique legal obligation to provide shelter to any homeless person who asks for a bed. In an interview on CNN on Wednesday evening, Gov. Kathy Hochul discussed one victory: A decision by the Biden administration to allow thousands of Venezuelans, the biggest group of newcomers in New York, to stay and work legally. She also said that she agreed with the mayor’s goals to restrict the right-to-shelter guarantee. Young children, exhausted by their long journey — days for some, weeks for others — lay in their parents’ laps, sleeping or staring up at the shimmering lights overhead.

Persons: Eric Adams, Kathy Hochul, Biden, Ms, Hochul, “, . Long Organizations: CNN, ” Locations: New York, Young

☆ New study shows it's tough being an active manager any year, but especially in 2023
▼ + stars: | 2023-09-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

S & P Dow Jones Indices on Thursday released its mid-year 2023 SPIVA (S & P Indices Versus Active) Scorecard. This is semi-annual study tracks how active fund managers are performing against their benchmarks and is considered the gold standard to measure active performance. Only 48% of mid-cap managers lagged the S & P MidCap 400, and only 28% of small-cap managers lagged the S & P SmallCap 600. After 1 year, 61% of large cap managers underperform the S & P 500, and it only gets worse from there. Long-term active management is a fundamental problem The problems active managers confront are not temporary.

Persons: Dow, Tiny, Craig Lazzara, Lazzara Organizations: Dow Jones, Microsoft, Nvidia, Tesla Locations: Underperformance

MILAN (AP) — Thousands came out in a rain to watch an open-air Diesel show during Milan Fashion Week on Wednesday, making the denim-centric brand the hottest ticket in town. A latex dress hugged the form in a nearly nude beige, somewhere on the border between transparency and cover. Zip pockets are sewn into bra tops, while a trio of fanny packs become a bandeau top: perfect for the festival circuit. The technology going into the textiles is so cutting-edge that Rosso said that part of the production site is sealed off from the rest to protect the secrecy. “Touch the garments, and you will go out of your mind,’’ Rosso said.

Persons: Glenn Martens, Jaden Smith, Martens, fanny, Renzo Rosso, ’, Rosso, ’ ’ Rosso Organizations: MILAN, Milan Locations: tatters

☆ Channel checks in China suggest iPhone orders will be disappointing, Barclays says
▼ + stars: | 2023-09-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors and Wall Street seem to be taking recent lead times and preorder data as an encouraging sign for iPhone demand this cycle. The latest channel checks in China suggest a potentially difficult cycle ahead, showing overall unit orders 5% lower year over year, and a 4% lower mix of Pro units, wrote analyst Tim Long in a Monday note. The sentiment counters recent bullish reports and encouraging signs that the latest lead times and preorder data may suggest resilient consumer demand. Long said he's taking delivery times data with a "grain of salt." Channel checks for actual orders in China are a stronger indicator of demand versus delivery times affected by production shortages and supply issues, he said.

Persons: Tim Long, Morgan Stanley, Long, — CNBC's Michael Bloom Organizations: Barclays, Apple Locations: China

☆ Hollywood is bracing for a 'land grab' for production studios and a scramble to restart films and TV shows once the strikes end
▼ + stars: | 2023-09-19 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Some Hollywood studios have long-term leases in place at soundstages and can control what they film and when, but most producers book stages for specific productions. And until the strikes are resolved, it's difficult to plan ahead, so most productions are waiting to move forward. But several high-level studio execs, studio investors, and producers told Insider the gears are starting to turn, with some productions beginning scenario planning. Of course, no one's expecting spending on new entertainment to be what it once was once the strikes end. Some projects were ready to start production, with sets already built, or were in mid-production on a TV series.

Persons: that's, Elsa Ramo, Ramo, Hal Rosenbluth, he's, Atlanta's, Steve Greenberg, Christian Simonds, Reed Smith, they'll, Rosenbluth, it's, They're, Alison Brower Organizations: Hollywood, Guild of America, Alliance, Television Producers, SAG, Kaufman Astoria Studios, New York's, Netflix, Warner Bros, Wall Locations: soundstages, Hollywood, New

The stock market can be many things. However, the stock market stayed open. A move of a few percentage points in the underlying stock can amount to a double- or triple-digit percentage point increase in the options market. The "premium" is what the buyer pays upfront for the option contract. Rather than buy 100 shares of Apple at $180 each, which would cost $18,000, John decides to use an options contract.

Persons: We're, John, you've, Jim Cramer's, Jim Cramer, Jim Organizations: Gamblers, Social, Bloomberg Intelligence, Apple, Jim Cramer's Charitable, CNBC, Mbbirdy, Getty Locations: 0DTEs, Las Vegas

Just as noteworthy as what they're carrying is what they are not: the disposable Starbucks cup, an icon in a world where the word is overused. Political Cartoons View All 1160 ImagesNow, in an era where concern for sustainability can be good business, the Starbucks disposable cup may be on its way to extinction thanks to an unlikely force: Starbucks itself. At the store where Patton gets her coffee, Starbucks already doesn't serve any in disposable paper or plastic cups. That pushes the limits of what can be done with recycled paper material that holds hot liquids. Since the reintroduction of reusable cups in some stores in July 2021 — reusable cups were not used during much of the COVID-19 pandemic — only 1.2% of worldwide sales in fiscal year 2022 came from reusables.

Persons: — Bethany Patton, Patton, ”, that's, Michael Kobori, It’s, Erin Simon, Simon, Jon Solorzano, ” Solorzano, “ I’ll, Irene Linayao, Aria, Tyler Eglen, Jane Tsilas, Kyle Walker, Valencia Villanueva, it's, “, Peter Prengaman, Manuel Valdes Organizations: Arizona State University ., Starbucks, Wildlife Fund, Arizona State, Starbucks —, AS, Valencia, Associated Press, AP Locations: TEMPE, Ariz, United States, Los Angeles, Europe, Germany, San Francisco, San Diego, Seattle, Arizona, reusables

☆ See inside Starbucks' quest for 'the cup of the future'
▼ + stars: | 2023-09-15 | by ( Peter Prengaman | Associated Press | ) www.businessinsider.com time to read: +14 min

Just as noteworthy as what they're carrying is what they are not: the disposable Starbucks cup, an icon in a world where the word is overused. ASU implemented a "borrow and return" plan that has users dump reusable cups in a bin outside the store. AP Photo/Ross D. FranklinNow, in an era where concern for sustainability can be good business, the Starbucks disposable cup may be on its way to extinction thanks to an unlikely force: Starbucks itself. Currently, ASU students can bring their own reusable cups or are given a reusable cup to wash and return. Since the reintroduction of reusable cups in some stores in July 2021 — reusable cups were not used during much of the COVID-19 pandemic — only 1.2% of worldwide sales in fiscal year 2022 came from reusables.

Persons: — Bethany Patton, Patton, Ross D, Franklin, that's, Michael Kobori, Lindsey Wasson, Erin Simon, Simon, Jon Solorzano, Solorzano, Irene Linayao, Aria, Tyler Eglen, Jane Tsilas, Walker, Kyle Walker, Franklin Valencia Villanueva, it's Organizations: Starbucks, Service, ASU, AP, Arizona State University ., Wildlife Fund, Arizona State, Starbucks —, Franklin Locations: TEMPE, Ariz, United States, Los Angeles, Europe, Germany, San Francisco, San Diego, Seattle, Arizona, reusables, Villanueva

☆ 10 signs the US economy may struggle in the next year
▼ + stars: | 2023-09-14 | by ( Madison Hoff | Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

By raising interest rates, the Fed "wants us to buy fewer cars. There are signs that a drop in savings could be making it harder for Americans' to keep up with paying off debt. Long-term interest rates rising for non-economic reasonsLong-term interest rates are on the rise, even though economic data on the whole is improving. Higher-interest payments for the US governmentSløk also noted higher interest payments for the US government as another downside risk to the outlook. Projections published by the Congressional Budget Office show increasing estimates for the upcoming decades for federal interest payments as a share of GDP.

Persons: Torsten Sløk, Sløk, Paul Krugman, Persis Yu, Jan Hatzius, Goldman Sachs, Hatzius, it's, , you've, Andy Kiersz, That's, Brent Organizations: Service, Apollo Global Management, NYU Stern School of Business, Federal Reserve, San, San Francisco Fed, Student, Protection, CNBC, New York Fed, Banking, West Texas, Labor Statistics, US, Fitch, Congressional Locations: Wall, Silicon, San Francisco, China, Japan, Europe, Germany

☆ Citi, Falling Behind Peers, Unveils ‘Uncomfortable’ Changes and Layoffs
▼ + stars: | 2023-09-13 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

Citigroup unveiled a wide-ranging management shake-up on Wednesday and its chief executive, Jane Fraser, admitted in unusually frank terms that the bank was headed in the wrong direction and said that for the foreseeable future her employees “might not enjoy it so much.”The global banking colossus said it would cut some divisions and move others to report directly to Ms. Fraser. Long known for its international arms, it will wind down some of its operations abroad and all but eliminate the overlapping, co-heads of various business lines. The firm’s three regional chiefs, who previously had wide authority to make decisions in their geographic areas, were eliminated. The changes amount to a public confession that the bank has failed to crack the upper echelon of its peers in areas like investment banking and wealth management since Ms. Fraser took over two and a half years ago. Citi’s stock is down 13 percent over the past year, though shares rose more than 2 percent on Wednesday after the bank announced the changes.

Persons: Jane Fraser, Fraser . Long, Fraser Organizations: Citigroup

NEW YORK (AP) — The National Book Award longlist for young people's literature features a range of grownup topics, from the deadly famine in Ukraine in the 1930s to the 1963 March on Washington to the underpinnings of the Internet. The list of 10 was announced Wednesday by the National Book Foundation, which also released 10 nominees in literature in translation, with original languages including Korean, Arabic and French. The lists, along with those for fiction, nonfiction and poetry to be announced later this week, will be narrowed next month to five in each category. The winners will be revealed during a Manhattan ceremony Nov. 15. Drew Barrymore had been scheduled to host but was dropped this week by the foundation after she resumed taping her talk show in the midst of the Hollywood writers' strike.

Persons: Drew Barrymore, Katherine Marsh's “, Dan Nott's, Yohuru Williams, Michael G, Long's, Huda, Dan Santat's, ” Kenneth M, Cadow's, ” Alyson Derrick's, Betty C, Tang's, Juan Cárdenas, Lizzie Davis, Bora Chung, ”, Anton Hur, David Diop, Sam Taylor, Jenny Erpenbeck, “, Michael Hofmann, Stênio Gardel, Bruna Dantas Lobato, Khaled Khalifa, Leri Price, Fernanda Melchor, Sophie Hughes, Pilar Quintana's, Lisa Dillman, Astrid Roemer's “, Lucy Scott, Mohamed Mbougar Sarr's, Lara Vergnaud Organizations: National Book Foundation, Hollywood, Jobs, “ Locations: Ukraine, Washington, Manhattan, Ukrainian, Provinces, “, Miami

American Express just announced plans to open its fourteenth Centurion Lounge location in the US, at Newark Airport. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. While the Centurion Lounge at Newark Airport won't open until 2026, American Express has shared some initial details on what to expect. Finally, the Newark Centurion Lounge will also feature a 1,400-square-foot indoor terrace with views of the airport and Manhattan. American ExpressHow to access the Newark Centurion loungeYou can access the upcoming Newark Centurion Lounge (and any other Centurion Lounge that's already open) if you have the The Platinum Card® from American Express, The Business Platinum Card® from American Express, or the invite-only Centurion Card.

Persons: Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Amex Organizations: Express, Newark Airport, American Express, Service, Vegas McCarran, Newark Liberty International Airport, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Shipping, New, Newark, Newark Centurion Locations: Manhattan, Wall, Silicon, Hulu, Newark, New York, JFK, LaGuardia, York

☆ Gold listless as investors await U.S. data for Fed policy guidance
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: +2 min

Gold prices settled into a holding pattern on Tuesday as investors awaited U.S. inflation figures that could provide an updated view on interest rates after the Federal Reserve kept the door open for further policy tightening. Spot gold was flat at $1,921.25 per ounce, as of 0510 GMT, while U.S. gold futures eased 0.2% to $1,944.30. Demand for non-interest-bearing gold could take a hit if the Fed further raises U.S. interest rates to quell inflation. Although, a sustained push higher in gold prices likely needs to be catalyzed by an eventual turn towards a Fed cutting cycle, they added. Elsewhere, spot silver rose 0.2% to $23.12 per ounce, platinum climbed 0.2% to $899.90 per ounce and palladium added 0.2% to $1,220.64 per ounce.

Persons: Nicholas Frappell, J.P, Morgan Organizations: Federal Reserve, U.S . Consumer, Fed, ABC Refinery, New York Fed, U.S Locations: U.S

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