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☆ Beyoncé and Jay-Z now tied for most Grammy nominations
▼ + stars: | 2022-11-15 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

On Tuesday, Beyoncé tied her husband Jay-Z as the artist with the most career Grammy nominations. Going into Tuesday, the rapper topped the list of all-time Grammy nominations with 83, followed by Sir Paul McCartney with 81, Quincy Jones with 80 and Beyoncé with 79. The superstar also made first-time appearances in a few categories, with “Break My Soul” and “Renaissance” helping her earn her first nominations in the best dance/electronic recording and best dance/electronic music album categories, respectively. With 28 wins to date, Beyoncé is the most-awarded female artist in Grammys history. Should she win four out of the nine she’s nominated for, she will become the most awarded artist of all time, surpassing conductor Sir Georg Solti, who has won 31.

Nov 13 (Reuters) - A stronger-than-expected showing by Democrats in the U.S. midterm elections may force investors to rethink the split government scenario many had expected. Democrats held onto control of the U.S. Senate, extinguishing hopes of the "red wave" that Republicans had expected leading into the midterm elections. As of early Sunday, Republicans had won 211 seats and the Democrats 205, with 218 needed for a majority. Wall Street tends to view split government favorably, in part because some investors believe it makes major policy changes more difficult to achieve. Still, "Federal Reserve policy, rather than fiscal policy, will remain the main driver of markets in our view," they said.

☆ Dow gains 1,200 points and Nasdaq surges 7% in blistering rally following October CPI report
▼ + stars: | 2022-11-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The 10-year US Treasury yield plunged 31 basis points and the US dollar Index fell more than 2%. The Nasdaq closed an eye-popping 7.35% higher, and the Dow Jones Industrial Average spiked nearly 1,200 points. Meanwhile, core monthly inflation, which excludes food and energy, increased 0.3%, below estimates for a rise of 0.5%. The move in assets was immediate following the CPI release, with the 10-year US Treasury yield plunging an immediate 20 basis points, eventually falling 31 basis points. Meanwhile, the US Dollar Index plunged more than 2%, it's weakest day in more than 10 years.

☆ Stock futures rise slightly after S&P 500 posts its biggest one-day rally since 2020
▼ + stars: | 2022-11-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Stock futures were slightly higher on Thursday night after better-than-feared inflation data fueled a broad market rally. Futures tied to the Dow Jones Industrial Average added 58 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures also gained about 0.1% and 0.2%, respectively. In regular trading, the major averages posted their biggest one-day rallies since 2020. The Dow is up 4% on a weekly basis, while the S&P and Nasdaq are on pace for increases of 4.9% and 6.1%, respectively.

The market can accept gridlock," said Quincy Krosby, chief global strategist at LPL Financial in Charlotte, North Carolina. S&P 500 has risen in every 12-month period following the U.S. midterm elections over the past 70 yearsAt 6:21 a.m. ET, Dow e-minis were down 67 points, or 0.2%, S&P 500 e-minis were down 2 points, or 0.05%, and Nasdaq 100 e-minis were up 8.5 points, or 0.08%. Meanwhile, some market participants expect October U.S. inflation data due on Thursday to be more market-moving. read moreReporting by Medha Singh and Bansari Mayur Kamdar in Bengaluru; Editing by Savio D'Souza and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street awaits midterm vote tallies
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +6 min

Republicans were favored to win control of the House of Representatives and possibly the Senate, polls and betting markets showed earlier, though it may be hours before all vote tallies are known. read moreCOMMENTS:CHARU CHANANA, MARKET STRATEGIST, SAXO MARKETS, SINGAPORE"The race seems to be closer than expected, especially for the Senate. "That said, if the Republicans take the Senate along with the House that provides a pro-business backdrop for the market." "A Republican win will in generally be positive for equities, but inflationary risk is unlikely to be mitigated nor accelerated." IPEK OZKARDESKAYA, SENIOR ANALYST, SWISSQUOTE BANK"From an investor point of view, a Republican win in both chambers is a good outcome for the stocks.

☆ Mehmet Oz, Tim Michels, Don Bolduc offer quick concessions as some pro-Trump election deniers avoid stoking new fears about results
▼ + stars: | 2022-11-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

"This morning I called John Fetterman and congratulated him," Dr. Mehmet Oz said in a Wednesday statement announcing his concession. Oz was just one of the hundreds of pro-Trump candidates that raised doubts about the 2020 election. Legally speaking, concessions hold no weight, as elections are not over until results have been canvassed and certified which can take weeks. Trump's refusal to concede the 2020 presidential election reminded Americans that admitting defeat is not just a sign of basic grace and decency. It is worth noting that before Trump candidates from both parties readily conceded races.

[1/5] A man holds an iPhone 14 as Apple Inc's new models go on sale at an Apple store in Beijing, China, September 16, 2022. "We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated," it said in a statement. Apple, which began selling its iPhone 14 range in September, said customers should expect longer waiting times. It has iPhone production sites in India and southern China, but its biggest is in the city of Zhengzhou in the eastern Chinese province of Henan.

[1/5] People look at Apple products as Apple Inc's new iPhone 14 models go on sale in Beijing, China, September 16, 2022. "We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated," it said. Its main Zhengzhou plant in central China, which employs about 200,000 people, has been rocked by discontent over stringent measures to curb the spread of COVID-19, with many workers fleeing the site. Foxconn, formally Hon Hai Precision Industry Co Ltd, is Apple's biggest iPhone maker, accounting for 70% of iPhone shipments globally.

☆ The Fed could lay the groundwork for a year end rally in the week ahead
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.

☆ Weak Amazon outlook another blow to tech-type growth shares
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +7 min

But Apple earnings on Thursday were a bright spot, with higher than expected revenue leaving its shares (AAPL.O) only slightly lower. But then we look at the Apple report and they reported strong growth in a lot of their consumer categories. Going into the holiday season you would expect the consumer to really ramp up so that I see a big divergence between Apple and Amazon." What we saw in the past is that in a period of growth, tech really grew faster than anything else and got multiples that reflected that. There was always concern going into earnings, and quarter after quarter, they surprised to the upside.

☆ Powell again is facing political pressure as worries mount over the economy
▼ + stars: | 2022-10-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

No stranger to political pressure, the Fed chief this week found himself the focus of concern in a letter from Sen. Sherrod Brown. Democrats, including then-presidential hopeful Joe Biden, criticized Trump for his Fed comments, insisting the central bank be free of political pressure when formulating monetary policy. Standing firmBrown's stance was considerably more nuanced than Trump's — though equally unlikely to move the dial on monetary policy. A Fed spokesman acknowledged that Powell received the Brown letter and said normal policy is to respond to such communication directly. In the past, Powell has been generally dismissive when asked if political pressure can factor into decision making.

☆ Premarket stocks: The Fed isn't about to back down from its inflation fight
▼ + stars: | 2022-10-20 | by ( Julia Horowitz | ) edition.cnn.com time to read: +5 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. London CNN Business —Twelve days from now, the Federal Reserve will meet again, and expectations for the central bank’s next moves are firming up. The consensus among investors: Persistently hot inflation means the Fed will need to continue with its string of aggressive interest rate hikes, which is unprecedented in the modern era. In an interview with Reuters on Friday, St. Louis Fed President James Bullard said inflation had become “pernicious,” which means that “frontloading” larger rate hikes is logical. But with two quarters of disappointing deliveries caused by supply chain issues and Covid-related shutdowns in China, that goal has looked increasingly out of reach, my CNN Business colleague Chris Isidore reports.

☆ Too late for a Saudi rethink? Critics say oil cut was a predictable blow for Biden
▼ + stars: | 2022-10-15 | by ( Hyder Abbasi | ) www.nbcnews.com time to read: +6 min

The cut is also seen as helping Russia, the world’s second-largest oil exporter, finance its war in Ukraine. “It failed both on blood and on oil,” Dr. Khalid Aljabri, a Saudi rights activist, told NBC News Thursday by telephone. Lina Alhathloul / TwitterAs a presidential candidate, Biden made no bones about his stance on the U.S.-Saudi relationship. Shortly after announcing his candidacy, he declared he was going to “cancel the blank check” the Trump administration had given Saudi Arabia during its war in Yemen, in which thousands of people have lost their lives. The U.S. has several options on how it can respond to Saudi Arabia, such as “freezing all arms sales and security cooperation, to withdrawing U.S. troops from Saudi Arabia,” Sheline said.

☆ Wall St ends volatile day lower after Fed minutes, PPI
▼ + stars: | 2022-10-12 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

The September meeting minutes also showed many Fed officials stressed the cost of not doing enough to bring down inflation. read moreThe market bounced around just after the open, with data earlier showing a surprise rise in September producer prices. The Labor Department's producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. The S&P 500 financial index (.SPSY) ended down 0.3%. The S&P 500 posted no new 52-week highs and 78 new lows; the Nasdaq Composite recorded 20 new highs and 433 new lows.

☆ Stock futures are up as investors await inflation data
▼ + stars: | 2022-10-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are rising slightly Wednesday as investors look ahead to inflation data and earnings in the coming days that may provide insight into the future health of the economy. Futures for the Dow Jones Industrial Average were up 48 points, or 0.16%. Nasdaq 100 futures added 0.15%, while futures tied to the S&P 500 increased 0.18%. The Dow Jones slipped 0.10%, or 28.34 points, to close at 29,210.85. Dow Jones' consensus estimates show the CPI rose 0.3% in September, up from 0.1% in August.

☆ Stock futures rise slightly ahead of key inflation data, Fed minutes
▼ + stars: | 2022-10-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stock futures ticked higher Tuesday night as investors awaited the latest inflation numbers and the minutes from the Federal Reserve's latest meeting. S&P 500 futures and Nasdaq 100 futures were each up about 0.2%. The moves came after the S&P 500 and Nasdaq Composite fell 0.65% and 1.1%, respectively, to post their fifth straight day of declines. Bank earnings will kick off later in the week. Despite lower expectations, S&P 500 earnings are still expected to grow.

☆ Denver's most expensive home lists for $28.9 million and features a stunning charred wood treatment
▼ + stars: | 2022-10-03 | by ( Ray Parisi | ) www.cnbc.com time to read: +6 min

Dusk view of the main house looking into the glass-encased great room. Nate PoltaThe local trend in Denver sales prices may bode well for the new $28.9 million listing. Primary bedroom Nate PoltaThe main house includes five bedrooms and eight bathrooms. Nate PoltaThe residence includes a self-sustaining solar energy system, in-floor heating and Lutron shades. The view from above the lap pool and sundeck reveals an array of solar panels on the pool house roof.

☆ A small city in Illinois is luring newcomers with $5,000, quaint architecture, and a low cost of living. So far, it's working.
▼ + stars: | 2022-09-28 | by ( Robert Davis | ) www.businessinsider.com time to read: +8 min

Since the program began, more than 106 people have moved to Quincy, according to city data. Altogether, nearly 60% of these newcomers found jobs in industries that drive Quincy's economy, such as manufacturing, healthcare, and education. Many programs launched in cities like Quincy, which offer newcomers a lower cost of living compared to major metropolises. The couple were approved for the relocation program "very quickly," Seguette said. The Great River Economic Development Foundation, a nonprofit business organization that serves all of Illinois' Adams County— which includes Quincy — is also advertising the relocation program under its "Quincy's Calling" campaign.

☆ Investors shouldn't wait for the Fed to rescue the market this time
▼ + stars: | 2022-09-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

"There may well be someplace where the Fed says they've turned the screws too hard. But, it's going to have to be something more exogenous," said Art Hogan, chief market strategist at B Riley Wealth Management. "If in fact there is a Fed put, it's certainly got a strike price that's much lower than where we are now." The Fed has had only limited success in slowing price increases, and a resilient labor market is pointing to continued inflation pressures. The result has been a Fed tightening policy more aggressively than it has done in at least 30 years, posing threats to economic and financial stability.

☆ New poll signals Americans are growing tired of supporting Ukraine as the war against Russia drags on
▼ + stars: | 2022-09-27 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +5 min

A new poll suggests Americans are growing weary as the US supports Ukraine in its war against Russia. The poll found that a majority of Americans want the US to pursue diplomatic negotiations to end the war ASAP. "Americans recognize what many in Washington don't: Russia's war in Ukraine is more likely to end at the negotiating table than on the battlefield. Meanwhile, the poll showed that only four-in-10 Americans somewhat or strongly support the US providing aid to Ukraine at current levels if this occurs. The US has provided over $15 billion in security assistance to Ukraine since Russia launched its unprovoked war in late February.

☆ Lowered profit forecasts raise concerns on shaky Wall Street
▼ + stars: | 2022-09-26 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

With that, concern about earnings has been rising as companies face higher inflation and possibly weakening demand. "The market is most worried about demand slowing in the U.S. and demand slowing globally," she said. Analysts have cut their S&P 500 earnings estimates for the third and fourth quarters, and for all of 2022. "Really up until maybe a month or two ago, we didn't see much in the way of earnings downgrades. The S&P 500 (.SPX) is down 23% for the year so far, while the Nasdaq is down 31%.

☆ Dow tumbles 700 points into bear market territory, sets new low
▼ + stars: | 2022-09-23 | by ( Samantha Subin | Samantha Subin Is A Digital News Associate With Cnbc. | ) www.nbcnews.com time to read: +2 min

The Dow Jones Industrial Average fell by 713 points, or 2.4%, falling below 30,000 to a new low for the year. The 30-stock index is now down 20% from its high, known as bear market territory on Wall Street. The S&P 500 fell 2.5% and headed of a new 2022 closing low, while the Nasdaq Composite slid about 2.5%. Goldman Sachs cut its year-end S&P 500 target because of rising rates, predicting at least 4% downside from here. The Dow has given up about 4.5% this week, while both the S&P and Nasdaq have fallen 5.2% and 5.5%, respectively.

☆ Americans are spending less this holiday season. Here's how businesses can prepare for budget-conscious shoppers.
▼ + stars: | 2022-09-22 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

Those holding a glut of inventory will likely offer heavy discounts this holiday season. Early data indicates that Americans will be holding onto their wallets a little tighter this holiday 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. Yvonne doubles down on Nkeoma's top-selling robes and pajamas during the holiday season to ensure they don't sell out, but she doesn't stock as many new styles.

☆ Dow futures drop more than 200 points as Wall Street braces for big Federal Reserve meeting this week
▼ + stars: | 2022-09-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. Stock futures fell Monday after the major averages posted their worst week since June and ahead of the Federal Reserve's two-day meeting this week. Futures tied to Dow Jones Industrial Average fell 275 points, or 0.9%. Investors are coming into the new week focused on the Fed's latest policy meeting, which will begin Tuesday. Stocks slid last week as investors reacted to a hotter-than-expected inflation report and a dismal warning from FedEx about a "significantly worsened" global economy.

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