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☆ VIEW U.S. consumer prices fall in December
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +5 min

NEW YORK, Jan 12 (Reuters) - U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that inflation was now on a sustained downward trend. The consumer price index dipped 0.1% last month after gaining 0.1% in November, the Labor Department said on Thursday. MARKET REACTION:STOCKS: U.S. stock index futures fall after the inflation data BONDS: U.S. Treasury yields slid across the board. But I will note that it is an especially volatile period, which is not atypical for inflection points in market expectations and the broader macro outlook." BRIAN KLIMKE, INVESTMENT DIRECTOR, CETERA INVESTMENT MANAGEMENT LLC, LOS ANGELES"It (the report) came in as expected, but investors were somewhat optimistic leading into this reading, so that they were buying the rumor and selling the new.

☆ Instant View: U.S. consumer prices fall in December
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +5 min

NEW YORK, Jan 12 (Reuters) - U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that inflation was now on a sustained downward trend. The consumer price index dipped 0.1% last month after gaining 0.1% in November, the Labor Department said on Thursday. MARKET REACTION:STOCKS: U.S. stock index futures fall after the inflation dataBONDS: U.S. Treasury yields slid across the board.FOREX: The dollar fell against the euro and yen. But I will note that it is an especially volatile period, which is not atypical for inflection points in market expectations and the broader macro outlook." BRIAN KLIMKE, INVESTMENT DIRECTOR, CETERA INVESTMENT MANAGEMENT LLC, LOS ANGELES"It (the report) came in as expected, but investors were somewhat optimistic leading into this reading, so that they were buying the rumor and selling the new.

☆ Stock futures are flat as investors await big bank earnings
▼ + stars: | 2023-01-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The S&P 500 and Nasdaq Composite gained 0.34% and 0.64%, respectively, during regular trading. Futures tied to the Dow Jones Industrial Average and S&P 500 were flat, while Nasdaq 100 futures dipped 0.10%. Stock futures were flat in overnight trading Thursday as investors braced for big bank earnings to commence. Eight of the 11 S&P 500 sectors finished positive Thursday, led to the upside by 2022 stalwart energy. Earnings season kicks into full gear Friday with results from big bank stocks JPMorgan Chase, Wells Fargo, Citigroup and Bank of America.

☆ Markets don't believe the Fed when it comes to where rates are headed
▼ + stars: | 2023-01-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

No matter how many times Federal Reserve officials say they're raising interest rates and keeping them there, the markets don't want to believe them. Recent comments from Fed presidents have tried, and failed, to nudge the market's view towards the [Federal Open Market Committee's] guidance." Traders are pricing in nearly an 80% probability that the FOMC approves a 0.25 percentage point rate increase when it releases its post-meeting decision Feb. 1, according to CME Group data . Doubts about the 'terminal rate' Markets, though, aren't buying it. The futures market also is indicating the likelihood of cuts of as much as half a percentage point by year-end.

☆ Outrage mounts in D.C. after man fatally shoots boy, 13, he suspected was breaking into cars
▼ + stars: | 2023-01-10 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

Outrage is simmering over the fatal shooting of a 13-year-old Black middle school student in Washington, D.C., by a man who suspected the teen was breaking into cars in his neighborhood. Members of the District of Columbia Department of Forensic Sciences investigate the crime scene of a shooting in Washington, D.C. via WRCDetectives are working with the U.S. Attorney's Office to determine any potential criminal charges. "Although he loved his neighborhood, he loved Brookland MS (the faculty & his peers) and the structure it presented to him even more,” Richardson wrote. Community groups DC Safety Squad, Ward 5 Mutual Aid and Harriet’s Wildest Dreams are demanding the release of the shooter's name and any visual evidence. In a statement, DC Safety squad said: “Karon Blake was senselessly murdered.

☆ Bed Bath & Beyond is closing dozens of stores in 2023 — see the full list
▼ + stars: | 2023-01-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +10 min

Bed Bath & Beyond released an updated list of store closures set to take place by March. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. ArterialKansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd PlaceKentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd. Wisconsin:Mequon: 11110 N. Port Washington RoadPuerto Rico:Bayamon: Plaza Del Sol, 725 West Main Ave.Do you work for Bed Bath & Beyond?

☆ S&P 500 near flat as investors weigh chances of less aggressive rate hikes
▼ + stars: | 2023-01-09 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The Dow ended lower, and the Nasdaq Composite (.IXIC) ended well off the day's highs. A consumer prices report due Thursday could be key for rate expectations, said Quincy Krosby, chief global strategist, LPL Financial in Charlotte, North Carolina. Also, S&P 500 companies are about to kick off the fourth-quarter earnings period, with results from top U.S. banks expected later this week. The Dow Jones Industrial Average (.DJI) fell 112.96 points, or 0.34%, to 33,517.65, the S&P 500 (.SPX) lost 2.99 points, or 0.08%, to 3,892.09 and the Nasdaq Composite (.IXIC) added 66.36 points, or 0.63%, to 10,635.65. The S&P 500 posted 13 new 52-week highs and two new lows; the Nasdaq Composite recorded 129 new highs and 32 new lows.

☆ S&P 500, Nasdaq rise as investors bet on less aggressive rate hikes
▼ + stars: | 2023-01-09 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

SummarySummary Companies Tech shares lead S&P 500 sector gainsAlibaba climbs as Ant Group's Jack Ma to give up controlMacy's, Lululemon drop on holiday-quarter warningsIndexes: Dow down 0.03%, S&P 500 up 0.5%, Nasdaq up 1.3%NEW YORK, Jan 9 (Reuters) - The Nasdaq Composite (.IXIC) and S&P 500 (.SPX) indexes rose Monday afternoon, led by technology shares, on growing expectations that the Federal Reserve will become less aggressive with its interest rate hikes. Technology (.SPLRCT) led the gains among S&P 500 sectors as U.S. Treasury yields declined, while the Nasdaq led the rise among the major indexes. Also, S&P 500 companies are about to kick off the fourth-quarter earnings period, with results from top U.S. banks expected later this week. The Dow Jones Industrial Average (.DJI) fell 9.63 points, or 0.03%, to 33,620.98, the S&P 500 (.SPX) gained 17.57 points, or 0.45%, to 3,912.65 and the Nasdaq Composite (.IXIC) added 138.83 points, or 1.31%, to 10,708.12. The S&P 500 posted 13 new 52-week highs and two new lows; the Nasdaq Composite recorded 114 new highs and 23 new lows.

Police found blood and a damaged blood-stained knife in the home basement of Ana Walshe, the missing Massachusetts woman whose husband has been accused of allegedly hindering investigators, authorities said Monday. Prosecutors also revealed that Brian Walshe allegedly purchased $450 of goods that included cleaning supplies, mops and tape from a nearby Home Depot on Jan. 2. Ana Walshe. Brian Walshe's defense lawyer said it was the husband who told his wife's employers she was missing, explaining why he wasn't the first to call police. A judge ordered Brian Walshe held in lieu of $500,00 bond and his next court date was set for Feb. 9.

☆ I expect a shallow and somewhat short-lived recession, says Stifel's Piegza
▼ + stars: | 2022-12-30 | 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 EmailI expect a shallow and somewhat short-lived recession, says Stifel's PiegzaLindsey Piegza, Stifel chief economist, and Quincy Krosby, LPL Financial chief global strategist, join Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss

☆ Dreaming of a fresh start? These 25 towns and cities will pay you as much as $20,000 to move there.
▼ + stars: | 2022-12-28 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +2 min

Places across the US offer cash, homes, and other perks to lure remote workers and other relocators. Insider rounded up 25 states, cities, and towns that will reward you to move there in some way. "When I look back, that grant was the tipping point that made it a little easier for me, my husband, and our five children to choose this particular path," Milliman told Insider in September. "We're definitely on the right path," Quincy mayor Mike Troup told Insider. Insider rounded up 25 places across the US that are dishing out perks to anyone who moves there.

☆ Stock futures rise heading into the final trading week of 2022
▼ + stars: | 2022-12-26 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

U.S. stock futures rose on Monday night as investors head into the final trading days of 2022, deliberating whether a Santa Claus rally will appear and lift a market that has been weighed down by recession fears. Dow Jones Industrial Average futures rose by 157 points, or 0.47%. S&P 500 and Nasdaq 100 futures advanced 0.61% and 0.73%, respectively. The S&P 500 rose 0.6%, and the Nasdaq Composite added 0.2%. In December, the S&P 500 dropped roughly 5.8%, while the Dow and Nasdaq dropped about 4% and 8.5%, respectively.

☆ Wall Street tumbles as Fed sparks recession fears
▼ + stars: | 2022-12-15 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

The Fed projected continued rate hikes to above 5% in 2023, a level not seen since a steep economic downturn in 2007. "What the market is saying is if you continue this way, a recession is basically a done deal." Money market participants expect at least two 25 bps rate hikes next year and borrowing costs to peak at about 4.9% by midyear, before falling to around 4.4% by year-end. All the 11 major S&P 500 sectors were in the red, with communication services (.SPLRCL) and technology stocks (.SPLRCT) falling about 4% as the worst performing on the session. The S&P 500 posted one new 52-week high and seven new lows; the Nasdaq Composite recorded 51 new highs and 289 new lows.

☆ Wall Street sees past Fed's lower rate hike to finish in red
▼ + stars: | 2022-12-14 | by ( Lawrence Delevingne | ) www.reuters.com time to read: +4 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 8, 2022. While the dollar index initially jumped on the Fed news, trading was choppy and was last down nearly 0.5% on the day. European stocks were flat, with the continent-wide Stoxx 600 (.STOXX) down 0.02% after rising 1.3% in the previous session. "Rather it is dot plot expectations that the Fed will hold rates throughout 2023, and not begin rate cuts until 2024." U.S. Treasury yields were little changed to slightly lower in choppy trading after the Fed news.

☆ Fed Chair Powell is having a communication problem with the market
▼ + stars: | 2022-12-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

No matter what Federal Reserve Chairman Jerome Powell tells market participants these days, it seems they only hear the good stuff. Two recent examples: First in July, when Powell hinted that smaller interest rate hikes could be on the way. Chair Powell is really trying to message the fact that the fed funds rate has to be restrictive to tamp down inflation. A month and a half later, Powell delivered an uncharacteristically terse speech at the Fed's annual Jackson Hole, Wyoming summit. One more chance So Powell heads into next week's Federal Open Market Committee meeting with another opportunity to set the market straight.

☆ The traditional December bounce for stocks may be more elusive, but it’s still possible
▼ + stars: | 2022-11-30 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

In those years, December was just the fourth best month, with the S & P 500 rising 1.35% and gaining 68% of the time. As the S & P 500 exits November, it is down about 17% this year. The S & P 500 could mirror some of the other very negative years. For instance, the S & P 500 was down 18.5% through November in 2002, and then bottomed in March 2003, gaining 26.4% that year. Watching key levels In order to confirm a bullish cycle, Suttmeier said the S & P 500 needs to regain the 40-week moving average at 4,033.

☆ JCPenney was once a shopping giant. Can it make a comeback?
▼ + stars: | 2022-11-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +14 min

People walk past a JCPenney store at the Queens Center Mall in New York in 2016. The Denver Post/Getty Images Shoppers hurry across an intersection in front of a JCPenney store in Denver in 1964. Anne Cusack/The Los Angeles Times/Getty Images Customers shop at a new JCPenney store in New York in 2009. Mary Altaffer/AP A customer goes down an escalator at a JCPenney store in Westminster, Colorado, in 2009. Don Emmert/AFP/Getty Images JCPenney CEO Jill Soltau speaks during an interview in Fort Worth, Texas, in 2019.

☆ The holiday shopping season is critical for many small businesses. Here's how entrepreneurs can prepare.
▼ + stars: | 2022-11-25 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +7 min

Early data indicated that Americans will be holding onto their wallets tighter this holiday season. Meanwhile, 24% of small businesses surveyed by Kabbage reported that holiday sales will determine their survival. Saturday is Small Business Saturday, an event created by American Express aimed at supporting small-business owners during the holiday shopping season. "The savviest of small businesses prepared in advance for supply challenges this holiday season," Nicole Leinbach Reyhle, the CEO and founder of the retail publication Retail Minded, said. Inventory levels are a top concern for small businesses this holiday season.

☆ US stocks rise after Fed minutes show most policy makers are in favor of easing up on rate hikes
▼ + stars: | 2022-11-23 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Most policymakers consider it appropriate to ease back the size of rate hikes, the minutes said. Trading will be closed Thursday for the Thanksgiving Day holiday. A "substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate," minutes of this month's Fed meeting released Wednesday afternoon said. The central bank has pushed up the fed funds rate by 75 basis points at four straight meetings. Equity trading will be closed Thursday for Thanksgiving Day and end early on Friday, at 1 p.m. Eastern.

☆ Top 25 roundup: Rasir Bolton helps No. 2 Gonzaga defeat No. 4 Kentucky
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +6 min

4 Kentucky on Sunday night at Spokane, Wash.Drew Timme added 22 points and Julian Strawther had 20 points and 14 rebounds for Gonzaga (3-1). Reigning National Player of the Year Oscar Tshiebwe had 20 points and 15 rebounds for Kentucky (3-2). Jacob Toppin scored 16 points, Cason Wallace had 14 points and four steals and Antonio Reeves scored 10 points off the bench for the Wildcats. Jaime Jaquez Jr. scored 15 points in the loss, while Campbell finished with 12 points. Mekhi Lairy and Julian Lewis each scored 12 points in defeat for Miami (1-5), which dropped its third straight.

☆ Is the Fed 'going rogue'? Calls heat up to back off quest for 2% inflation
▼ + stars: | 2022-11-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

For at least a decade, the Federal Reserve's position that a 2% inflation rate is where the economy best functions has been taken as gospel. 'Going rogue' "As far as 2% is concerned, I think it's stupid," said Jim Paulsen, chief investment officer at Leuthold Group. Paulsen and Sternlicht aren't the only critics of Fed policy. Achieving a steady 2% inflation rate, however, has proven elusive for the Fed. 'The gold standard' for policy But Fed Chairman Jerome Powell and most of his colleagues have rebuffed calls to raise the goal.

☆ Bond recession indicator hits most extreme level in 40 years, raising questions about stock rebound
▼ + stars: | 2022-11-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The so-call yield curve shows investors what they can expect to earn from different maturities. The yield curve inverted before the 2020, 2009, and 2001 recessions but often with large lag times. "My contention would be that ultimately the yield curve is going to prove correct," said Gregory Faranello of AmeriVet Securities, saying it takes time for equities to catch up with what's happening with the yield curve. To be sure, equities can rally even with an inverted yield curve, and they've done that in the past. "It's very rare in a bear market that the bear doesn't even affect those companies that we were in, we believe will protect us.

☆ Reactions to Trump announcing 2024 White House bid
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +5 min

SINGAPORE, Nov 16 (Reuters) - Donald Trump's aides filed paperwork for his 2024 White House bid on Tuesday as the former president launched a run to regain the title, aiming to pre-empt potential Republican rivals. Republicans are meanwhile closing in on the 218 seats they need to take a majority in the 435-seat House of Representatives. COMMENTS:ANTHONY SCARAMUCCI, FOUNDER, SKYBRIDGE CAPITAL, SINGAPORE (FORMER WHITE HOUSE COMMUNICATIONS DIRECTOR)"You know how you have a zombie that you can’t kill, like in the Night of the Walking Dead? If any one of those other candidates can present themselves with some of the Trump messaging without the Trump drama, there might be opportunities." Neil Young said 'it's better to burn out than fade away'...feels like Trump will go down this time with little glory."

☆ US stocks fall as investors weigh solid retail sales data against Target's warning of weaker holiday spending
▼ + stars: | 2022-11-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks fell on Wednesday as investors digested retail sales data and Target's quarterly earnings. Retail sales jumped 1.3% in October, ahead of estimates for a 1% gain, as consumers remain on solid footing. Third-quarter earnings from Target disappointed investors as the retailer warned of a murky holiday shopping season. Retail sales jumped 1.3% in October to $694.5 billion, well ahead of estimates for a 1% gain, led by higher gas prices and auto sales. While retail sales jumped in October, one retailer was unable to fully capitalize off those gains.

☆ 2023 Grammys: Beyoncé and Jay-Z are tied for the most noms of all time
▼ + stars: | 2022-11-15 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

The nominees for the 2023 GRAMMY Awards were released Tuesday, and Beyoncé is leading the pack with nine nominations. Beyoncé has already won 28 Grammys, the most by any female artist, and is within striking distance of the all-time record of 31, which is held by the Hungarian conductor Georg Solti. Her 88 overall nominations have tied her with husband Jay-Z for the most in history. Pop superstar Harry Styles received six nominations, including the 28-year-old's first for Song of the Year, Record of the Year and Album of the Year for 2022's "Harry's House". Read the full list of GRAMMY nominees here.

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