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☆ ‘That’s bulls***’: Watch Anderson Cooper and Charlamagne tha God debate CNN’s coverage of Trump
▼ + stars: | 2024-10-25 | by ( Anderson Cooper | ) edition.cnn.com time to read: 1 min

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☆ NBA roundup: Kevin Durant and the Phoenix Suns spoil opening night at the LA Clippers’ new home with tense OT win
▼ + stars: | 2024-10-24 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

CNN —Kevin Durant led the Phoenix Suns to a nail-biting 116-113 overtime win to spoil the Los Angeles Clippers’ grand opening of their new arena, the Intuit Dome. But the Suns surged back and Durant tied the game with a fadeaway jumper over two Clippers players with just 21 seconds remaining to force OT. Durant finished with a team-high 25 points to go with seven rebounds, three steals and a block, while Bradley Beal added 24 points. Alex Goodlett/Getty ImagesMorant, one of the NBA’s most electrifying players, showcased all of his scintillating ability in the win. Three Grizzlies players finished with more than 20 points, with the impressive Santi Aldama scoring 27 and Desmond Bane adding 24.

Persons: Kevin Durant, Durant, James Harden, Bradley Beal, Devin Booker, Beal, Kawhi Leonard, Harden’s, Damian Lillard, Giannis Antetokounmpo, Lillard, Adrian Griffin, Doc Rivers, Mitchell Leff, Antetokounmpo, ” Lillard, “ You’ve, You’ve, it’s, Joel Embiid, Paul George, Tyrese Maxey, Ja Morant, Memphis Ja Morant, Morant, Alex Goodlett, Walker Kessler, Morant’s, Santi Aldama, Desmond Bane, Lauri Markkanen Organizations: CNN, Phoenix Suns, Los Angeles Clippers, Intuit, NBA, Clippers, Suns, Washington Wizards, Minnesota Timberwolves, The Clippers, Milwaukee Bucks, Portland Trail Blazers, Milwaukee, Bucks, Philadelphia 76ers, Sixers, Memphis, Memphis Grizzlies, Utah Jazz, Grizzlies, Western Conference, Three Grizzlies, Jazz, Los Angeles Clippers Milwaukee Bucks, Philadelphia 76ers Memphis Grizzlies, Utah Jazz Indiana Pacers, Detroit Pistons Orlando Magic, Miami Heat Cleveland Cavaliers, Toronto Raptors Brooklyn Nets, Atlanta Hawks Charlotte Hornets, Houston Rockets Chicago Bulls, New Orleans Pelicans Golden State Warriors, Portland Trail Locations: West, Wisconsin, Milwaukee, Memphis

☆ Amir Abdur-Rahim: USF men’s head basketball coach dead at 43
▼ + stars: | 2024-10-24 | by ( Jacob Lev | ) edition.cnn.com time to read: +3 min

CNN —University of South Florida men’s head basketball coach Amir Abdur-Rahim died Thursday from complications during a medical procedure, the university said. “Coach Abdur-Rahim leaves a lasting impact on our student-athletes, the University, and the community,” Kelly continued. In 2019-2020, the Owls went 1-28 but under Abdur-Rahim, the program turned it around and three years later, made it to the NCAA tournament. We are heartbroken over the passing of Coach Abdur-Rahim. pic.twitter.com/h353f3FNno — USF Men's Basketball (@USFMBB) October 24, 2024In 2022-2023, the Owls finished with a 26-9 record and Atlantic Sun Conference (ASUN) regular-season and tournament titles.

Persons: Amir Abdur, Rahim, Michael Kelly, Abdur, ” Abdur, ” Kelly, h353f3FNno —, Xavier, Rhea Law, ”, Law, Shareef, CNN’s Coy, “, Arianne Organizations: CNN — University of South, CNN — University of South Florida men’s, USF, Bulls Nation, Bulls, American Athletic Conference, University, Kennesaw State Owls, Owls, NCAA, h353f3FNno — USF, Atlantic Sun Conference, NBA, Arkansas Locations: CNN — University of South Florida, Tampa, Kennesaw, Florida, Jacksonville

☆ Stock market today: S&P 500 snaps 3-day losing streak as Tesla surges 22%
▼ + stars: | 2024-10-24 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

The S&P 500 closed higher on Thursday to end a three-day losing streak. The index was fueled by a surge in Tesla's stock, which closed 22% higher after a strong earnings beat. AdvertisementUS stocks closed mixed Thursday, though the S&P 500 was able to push higher after three days of losses. Its operating profit also exceeded expectations, up 54% from a year ago to $2.7 billion, while analysts expected $2.0 billion. Some analysts, though, remain cautious that the strong earnings will be sustainable in future quarters.

Persons: —, Tesla Organizations: Service, Dow Jones, IBM, UBS, JPMorgan

☆ Tesla stock surges 18% after stellar earnings, one of its biggest gains in years
▼ + stars: | 2024-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Tesla shares rallied as much as 18% on Thursday after the company reported strong earnings. The carmaker reported better-than-expected auto margins and gave strong guidance for 2025. The jump on Thursday marks one of Tesla's biggest intraday percentage gains in years. Others on Wall Street, though, raised questions about other aspects of Tesla's business. "TSLA offered no details on a CY25 model, no details on improved FSD, and no details on its plans for Optimus.

Persons: Tesla, —, Elon Musk's carmaker, Aaron, Morningstar, Musk, we're, TSLA Organizations: Service, Elon, Wedbush Securities, Wall, Optimus Locations: China, CY25

☆ USF men’s basketball coach Amir Abdur-Rahim dies at 43 from complications during surgery
▼ + stars: | 2024-10-24 | by ( Matt Baker | ) www.nytimes.com time to read: +3 min

South Florida men’s basketball coach Amir Abdur-Rahim died Thursday while undergoing a medical procedure, the school confirmed. “All of us with South Florida Athletics are grieving with the loved ones of Coach Abdur-Rahim,” athletic director Michael Kelly said in a statement. Coach Abdur-Rahim leaves a lasting impact on our student-athletes, the University, and the community.”AdvertisementAbdur-Rahim was seen as a rising star in the profession and a potential major program coach. “In a very short time, Coach Abdur-Rahim made an indelible impact on the University of South Florida,” school president Rhea Law said. “Throughout my time working with Coach Abdur-Rahim, I was continually inspired by his leadership, and truly admired his sincere approach to connecting with our entire student body.

Persons: Amir Abdur, Rahim, Abdur, Michael Kelly, Rhea Law, ” Corey Staniscia, ’, Staniscia, “ I’m, ” Staniscia, “, ” Abdur, Arianne Buchanan, Laila, Lana, Aydin, Shareef, Edward Waters, Chris Jones Organizations: Florida men’s, South Florida Athletics, Bulls Nation, University, Bulls, American Athletic Conference, South, Kennesaw State, Southeastern, University of South, Starbucks, NBA Locations: Tampa, South Florida, Georgia, Southeastern Louisiana, Texas, University of South Florida

☆ 'Generational opportunity': Invest in real estate as stock and bond returns shrink, according to $3.5 trillion JPMorgan Asset Management
▼ + stars: | 2024-10-23 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

However, real estate — specifically the commercial side — may be poised to take off. "This is absolutely the largest generational opportunity to invest in real estate in a long time," Issar said at the conference. "This is a time for investors to step in, move into attractive pricing, move into asset classes like non-core real estate." Investors can bet on a commercial real estate rebound by working with JPMAM's team, or on their own through publicly traded real estate investment trusts (REITs). "That is the modernization of the new direct real estate that is going to be really attractive for investors in the future."

Persons: Goldman Sachs, —, Goldman Sachs Goldman Sachs, they're, That's, David Kelly, what's, JPMAM, Kelly, David Lebovitz, Monica Issar, Issar Organizations: JPMorgan Asset Management, Service, Asset Management, Management, JPMorgan Private

☆ Fed outlook pushes dollar to 2-1/2 month peak; yen under pressure
▼ + stars: | 2024-10-23 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar hovered at a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race. The yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing it to a three-month low. That less dovish outlook for the Fed has helped buoy Treasury yields. The dollar index , which measures the U.S. currency against six others, was last up 0.11% at 104.18 after ticking up to 104.19, its highest since Aug. 2. The rise in U.S. Treasury yields kept the heat on the yen which sank to a three-month low of 151.72 against the greenback.

Persons: Matt Simpson, Kamala Harris, Donald Trump, there's, Index's Simpson, Komeito, Sterling Organizations: U.S, Treasury, Federal Reserve, Fed, Republican, Reuters, Democratic U.S, Markets, Trump, greenback, Liberal Democratic Party, of, European Central Bank Locations: Harris, U.S, Japan

Major League Soccer scored several regular season records, including for attendance and sponsorship, thanks in part to international superstar Lionel Messi — and corporate strategy. Each match during the 2024 season averaged 23,234 attendees, the highest ever for the regular season. Last year, the MLS’s Inter Miami signed Messi, which caused a surge in attendance, jersey and other product sales, and overall fanbase engagement. The league signed 18 new sponsorship partners this season between the MLS and Soccer United Marketing (SUM), the commercial arm of the MLS. Viewership data isn’t available for MLS Season Pass, but Apple executives have said on public calls that the audience has risen since Messi joined the league.

Persons: Lionel Messi —, Messi, Luis Suárez, Lionel Messi, Chris Arjoon, Chris McGowan, McGowan, “, ” Organizations: Major League Soccer, MLS, Inter, New, Getty, National Basketball Association, MLS’s Inter Miami, Messi, Inter Miami, U.S ., New York Red Bulls, Soccer United, Messi’s Inter Miami, Adidas, YouTube, North, Apple Locations: AFP, Instagram, North American, U.S

☆ What's wrong with the Nasdaq? One troubling thing for the bulls' case
▼ + stars: | 2024-10-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Quantitative and technical strategist Javed Mirza pointed out in a note to clients that the Nasdaq 100 has not set a record high since July. On Monday, the Nasdaq 100 was trading about 2% below its record close. "The Nasdaq 100 just triggered a new short-term 'mechanical sell' signal, diverging from the other North American equity indices," Mirza said. The Nasdaq 100's slump is not the only factor pointing to toward a new phase for the bull market. To be sure, even the late stage phases of a bull market can last for quite a while.

Persons: Raymond James, Javed Mirza, Mirza, Dow Jones Organizations: Nasdaq, TSX, Canadian

☆ Knicks fans are starting to believe again in a team built by ‘smart dorks’
▼ + stars: | 2024-10-21 | by ( James L. Edwards Iii | ) www.nytimes.com time to read: +16 min

AdvertisementNew York fans love their basketball team, especially their rookies. Knicks fans have spent the last 20-plus years loving something that hasn’t always loved them back. Even in the most exciting stretches of D’Angelo’s life as a Knicks fan, nothing ever quite felt like this. “Everyone who is a Knicks fan with gray hairs remembers that Charles Smith was fouled in that game against the Bulls,” Converse said. No matter what happens this season, Converse and his boys are ready for this ride.

Persons: Jalen Brunson, Patrick Ewing, LaMelo, Kemba Walker, Tyler Kolek, they’ve, hasn’t, Mike Breen, Jason D’Angelo, Barry Dworkin, Breen, ” D’Angelo, ” Jason D’Angelo, D’Angelo, he’d, Michael Jordan, ”, …, Scottie Pippen, Hubert Davis, Jordan, Charles Oakley, Marcus Camby, John Starks, Pat Riley, “ Camby, P.J, Carlesimo, Ewing, James Dolan, “, Dolan, Isiah Thomas, Phil Jackson, Frank Ntilikina, he’s, Leon Rose, Brock Aller, Karl, Anthony Towns, Barry, “ It’s, Ray McConville, ” McConville, McConville, ” Ray McConville, Larry Brown, —, LeBron James, James, Amar’e Stoudemire, Stoudemire, Carmelo Anthony —, James ’, They’ve, don’t, Floyd Converse, Converse, it’s, ” Converse, Matthew, James Harden, “ I’m, Donte DiVincenzo, I’m, Charles Smith, Yorkers, He’s, Meech Robinson, Andrew D, Bernstein Nathaniel S, Butler, Jeyhoun Allebaugh, Jeff Zelevansky, Nathaniel S, Sarah Stier, Theo Wargo Organizations: Charlotte Hornets, Eighth, City’s Spectrum, NBA, Knicks, Eastern Conference, WFAN, Nissan Pulsar, TLC, Bulls, of Famer, Chicago, Toronto Raptors, Golden State Warriors, Latrell, San Antonio Spurs, Eastern, Staten, “, Yorker, Spurs, Indiana Pacers, “ Knicks, New York, Yorkers, Miami Heat, York, Denver Nuggets, Celtics, New York Yankees, Madison, Garden, Houston Rockets, Rockets, Converse, Donte Locations: Manhattan, York, New York, New, Seattle, Madison, Mecca, ”, Westchester County, Converse, Chicago

☆ These are Morgan Stanley's highest conviction plays for earnings season
▼ + stars: | 2024-10-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Here are five of Morgan Stanley's 10 highest conviction plays, which the firm sees near-term catalysts driving "a meaningful move" upward. Morgan Stanley sees a positive set up for Eaton and is forecasting beats on all key performance indicators, including Americas organic growth and margins. "Our detailed organic growth build supports steady ~8% organic growth in 2025-26, roughly ~200 bps above Consensus, which drives [mid-single digit] EPS upside and argues for multiple expansion on sustained strength," he added. Eaton is set to report third-quarter earnings on Oct. 29. His price target of $100 suggests shares could rise 29% from Friday's close.

Persons: Morgan Stanley, Michelle Weaver, Morgan Stanley's, Eaton, Chris Snyder, Ron Kamden, Keith Weiss, —, Sarah Min Organizations: CNBC Disruptor, Microsoft Locations: Eaton, Americas, 4Q24, Friday's

☆ After a well-received quarter, Cramer explains why he thinks Netflix can 'rock on higher'
▼ + stars: | 2024-10-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After a siding with the bulls in the run-up to Netflix 's latest earnings report, CNBC's Jim Cramer explained why the quarter made him more optimistic about the company's future, saying he was impressed by management's outlook and commentary about content. Netflix beat Wall Street's expectations for earnings, revenue and paid membership growth when it posted its report Thursday evening. The streaming giant's shares popped 11% Friday morning and maintained those gains through close. Cramer was encouraged by management's guidance for the current quarter and 2025, as the company expects to keep up double-digit revenue growth some investors feared would be hard to maintain. He also liked Sarandos' positive read on how AI will impact business.

Persons: CNBC's Jim Cramer, maul, Cramer, Ted Sarandos, Sarandos, Emily, I'm Organizations: Netflix, National Football League Locations: Paris

☆ Here's something for the bulls to celebrate over the next 10 weeks
▼ + stars: | 2024-10-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Nerad + Deppe Wealth Management's Steve Deppe found 12 other examples since 1950 when the S & P 500 ended October with a six-month trailing return above 10%. The six-month trailing return on the S & P 500 is currently north of 15%. On average, the S & P 500 gained 7.4% in November and December in all those other instances. "In 2024, it's very easy to want to take the money and run," Deppe told CNBC Pro from his office in La Jolla, California. .SPX YTD mountain The S & P 500, year to date Deppe currently expects the S & P 500 will finish 2024 above 6,000.

Persons: Steve Deppe, Harry Truman, Deppe, We've, we've Organizations: Federal Reserve, CNBC Pro Locations: La Jolla , California

☆ N.C. judge argues for release of man convicted in murder of Michael Jordan's father
▼ + stars: | 2024-10-17 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

The North Carolina judge who presided over the 1996 murder trial over the killing Michael Jordan’s father petitioned the state’s parole commission to release one of the men convicted in the case. Details about Weeks’ petition were not available as parole commission hearings in North Carolina are confidential and not open to the public. Prior to the murder in 1993, James Jordan was sleeping in his red Lexus along a North Carolina highway when he was shot. Demery pleaded guilty to first-degree murder, armed robbery and conspiracy to commit robbery, and like Green, received a life sentence. Green has always said he did not kill James Jordan but admitted to helping dispose of the body.

Persons: Michael Jordan’s, Gregory Weeks, Daniel Green, James Jordan, Green, Larry Demery, Weeks, Michael Jordan, Demery Organizations: North, North Carolina Department of Corrections, Lexus, Chicago Bulls, NBA, Associated Press Locations: North Carolina, South Carolina

☆ Gold is the 'last safe haven' as Treasurys face risks from soaring US debt, Bank of America says
▼ + stars: | 2024-10-17 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Traders and central banks should increase exposure to gold, Bank of America says. The analysts see gold hitting $3,000 an ounce by the end of next year, implying 11% upside. AdvertisementGold is increasingly attractive as other traditional "safe haven" assets face mounting risks, Bank of America strategists said. "Gold looks to be the last 'safe haven' asset standing, incentivising traders including central banks to increase exposure," the strategists said in a Wednesday note. The Bank of America analysts note that gold now makes up 10% of central bank reserves, up from 3% a decade ago.

Persons: — Organizations: Bank of America, Service, International Monetary Fund, US Treasury, Investors, Federal Reserve

☆ Crypto and meme stock boosters aren’t doing ‘Trump trades’ — they’re just doing trades
▼ + stars: | 2024-10-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —The bitcoin bulls and meme stock traders are fired up about the prospect of another Donald Trump White House. At the same time, shares of Trump Media were bouncing back from Tuesday’s mysterious 10% drop and resuming their meme-stock-esque tendency to rise without any fundamental reason to do so. What do the two assets, a digital currency and a media stock, have in common? Crypto traders are amped because of the Republican nominee’s apparent 180 on the asset class he once dismissed as a scam. Bottom line: Both bitcoin and Trump Media could become even more volatile over the next few weeks as more traders pile in.

Persons: CNN Business ’, Donald Trump, Kamala Harris ’, Harris, Trump, CNN’s, ”, Steph, “, Adrian Fritz, It’s, ” Fritz, it’s, Al Root, Root, Fritz, “ It’s Organizations: CNN Business, New York CNN, Donald Trump White House, Trump Media, Trump, Liberty Financial, hyperdrive, Harris ’, ” Trump Media, Apple Locations: New York, ”, Central

A Georgia judge on Tuesday blocked a new rule from the state's election board that would have required counties to count ballots cast on Election Day by hand, a provision critics had said would cause delays and disruptions in reporting results in the battleground state. He has repeatedly praised the three board members who passed the measure, saying they’re “pit bulls fighting for honesty, transparency and victory.”The three members are Janice Johnston, Rick Jeffares and Janelle King. Brian Kemp and the state Democratic Party. In August, the same Georgia board members passed other new rules that would allow county election board members to conduct “reasonable” inquiries before they certify results. Tuesday's temporary injunction also came after McBurney handed Trump allies another defeat, ruling that county election boards in Georgia are not allowed to refuse to certify election results.

Persons: Robert McBurney, —, who’ve, Donald Trump, Kamala Harris ’, they’re, ”, Janice Johnston, Rick Jeffares, Janelle King, Johnson, Jeffares, King, Brian Kemp, McBurney Organizations: Democrats, Democratic National Committee, Democratic Party of Georgia, Republican Party, Republican, GOP, Georgia GOP Gov, Democratic Party, Democratic, Trump Locations: Georgia, Fulton County

☆ New Georgia election rules passed by Trump-backed board are unconstitutional, judge rules
▼ + stars: | 2024-10-16 | by ( Devan Cole | ) edition.cnn.com time to read: +3 min

CNN —A judge in Georgia has struck down a slate of controversial new election rules passed by Donald Trump allies, including two that Democrats say would inject post-election “chaos” into the critical battleground state. Three GOP members of the Georgia State Election Board were thrust into the spotlight after Trump mentioned them by name at a rally in Atlanta this summer. Among the other rules Cox invalidated is one that would have required officials to hand-count the number of ballots cast at each polling place, saying Georgia law didn’t support the requirement. A different judge in the state paused the ballot hand counting rule on Tuesday in a separate challenge brought against it by Cobb County. “The rule vastly expands the authority and obligations of poll officials in preparing ballots pre-delivery to the superintendents and pre-certification,” Cox wrote Wednesday.

Persons: CNN —, Donald Trump, Thomas Cox, ” “, ” Cox, Kamala Harris, Joe Biden, Trump, “, ” Trump, ”, Cox, didn’t Organizations: CNN, Trump, Democratic, Peach State, GOP, Vigilance Locations: Georgia, Fulton, Peach, Atlanta, Cobb County

☆ Apple hits an all-time high as new smartphone data sides with the bulls in a sea of negativity
▼ + stars: | 2024-10-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Shares hit an all-time high Tuesday despite a chorus of recent concerns from Wall Street analysts about demand for the new artificial intelligence-enabled iPhone 16. Apple Intelligence is the company's new suite of generative artificial intelligence tools due out later this month. Available for preorder now, the tablet has a processor capable of supporting Apple Intelligence. Big picture The IDC data comes as many on Wall Street express skepticism around sales for the new iPhone 16 lineup. Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California.

Persons: Morgan Stanley, Apple's, Popal, swoon, Jim Cramer, Jim, Jim Cramer's, Tim Cook, Justin Sullivan Organizations: Apple, Wall Street, International Data Corporation, IDC, Samsung, Apple Intelligence, JPMorgan, Barclays, Bank of America, Club, Nvidia, U.S, CNBC Locations: U.S, Cupertino , California

☆ Wall Street’s been on a two-year tear. Can the party last?
▼ + stars: | 2024-10-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —Wall Street traders are popping champagne and toasting the two-year anniversary of a period of outsized gains known as a bull market. What makes this bull market unusual is how much uncertainty and economic worry investors have had to contend with during its run. Historically, bull markets recover around 194% of the previous downturn, according to Sam Stovall, chief investment strategist at CFRA. While the first two years of a bull market often see significant gains, history shows that the third year can bring challenges, said Stovall. On average, bull markets entering their third year post a modest return of just 2%.

Persons: Stocks, Sam Stovall, Adam Turnquist, Quincy Krosby, “, Stovall Organizations: New, New York CNN, Wall, LPL, LPL Financial, Federal Locations: New York, Europe, East

☆ Why bitcoin has 12% upside in the weeks before the election, Standard Chartered says
▼ + stars: | 2024-10-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bitcoin could hit a fresh all-time high ahead of the presidential election, Standard Chartered says. Standard Chartered estimates bitcoin could hit $73,800 in the next few weeks. In new research, head of digital asset research Geoff Kendrick estimated that the token could hit $73,800 before November's US presidential election, a 12% gain from current levels. Second, SAB 121 exemptions go hand-in-hand with MicroStrategy's announced plan to become a "bitcoin bank," offering bitcoin capital market instruments down the road. In Kendrick's mind, the outcome of the presidential election is secondary to these bullish forces, with both Trump and Harris victories boding well for the token.

Persons: Bitcoin, —, Geoff Kendrick, Kendrick, bitcoin, MicroStrategy, Geoffrey Kendrick, BNY Mellon, MicroStrategy's, Harris, Donald Trump Organizations: Chartered, Service, MicroStrategy, Standard, SAB, bitcoin, Kendrick, Trump, Republican, White Locations: lockstep

☆ S&P 500 grinds higher to further record highs, finding little to fear in October
▼ + stars: | 2024-10-12 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

This time of year typically tests nerves, more so when — as now — an election is onrushing and the S & P 500 was already up 20% for the year. Since June 30, the equal-weighted S & P 500 has gained 9.5%, more than triple the Nasdaq 100's rise. A buyer at the mid-July S & P 500 peak of 5667 sustained a quick 8% tumble in three weeks. Goldman Sachs calculated VIX being this elevated with the S & P 500 calmly clicking to record highs is essentially unheard-of. Cash that's still yielding well more than inflation and bonds holding their value allow investors to shoulder higher equity exposures rather than rotating out.

Persons: isn't, it's, Goldman Sachs, Cash, Friday's Organizations: Federal Reserve, Nasdaq, American Association of, Deutsche, –, Bank

☆ New York man fatally attacked by group of dogs in a backyard
▼ + stars: | 2024-10-11 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A man was attacked and killed by several pit bull mixed dogs in a backyard this week in Albany, New York, and police are investigating whether charges are warranted. About 6 p.m. Wednesday, up to nine mixed-breed pit bulls “brutally and viciously” attacked a man in a backyard, Albany Police Chief Eric Hawkins said Thursday during a news conference. It was not known why he was in the yard, which was next door to the residence where the dogs lived, Hawkins said. The homeowner, who is a different person than the caretaker, does not live at the residence, Hawkins said. He said it was not clear why there were so many dogs at the residence or how the dogs got into a neighboring yard.

Persons: “, ”, Eric Hawkins, James Provost, Hawkins, ” Hawkins Organizations: Albany Police Locations: Albany , New York, Schenectady , New York

☆ Dollar bulls suffer setback as traders add to Fed cut bets
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labor market boosted the case for quicker Federal Reserve rate cuts. Bets for a quarter-point Fed rate cut on Nov. 7 increased to 83.3% from 80.3% a day earlier, with the remaining odds for policy to stay steady, according to the CME Group's FedWatch Tool. A week earlier, there was a 32.1% chance of a half-point reduction and 67.9% probability of a quarter-point cut. The dollar added 0.06% to 148.68 yen , inching back towards Thursday's high of 149.58 yen, a level previously not seen since Aug. 2. The Australian dollar held firm at $0.67395 after rebounding from its lowest since Sept. 16 at $0.6702 on Thursday.

Persons: Tapas Strickland, Austan Goolsbee, Raphael Bostic Organizations: U.S, Treasury, National Australia Bank, Fed, Chicago Fed, Atlanta Fed Locations: China

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