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☆ BNY Wealth’s Alicia Levine on new 5,900 S&P 500 year-end target
▼ + stars: | 2024-10-15 | 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 EmailBNY Wealth’s Alicia Levine on new 5,900 S&P 500 year-end targetAlicia Levine, BNY Wealth head of investment strategy, joins 'Squawk Box' to discuss the latest market trends, state of the economy, BNY's new S&P 500 year-end target, and more.

Persons: Alicia Levine, BNY

☆ Buy this contact lens maker as the population gets older, portfolio manager says
▼ + stars: | 2024-10-15 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Alcon offers investors a way to play the growing demand for contact lenses and cataract surgery as society ages, according to Emily Leveille, portfolio manager at Thornburg Investment Management. "One of the clearest structural trends that we see globally is an aging population," Leveille said on CNBC's "The Exchange." "As the population ages, the demand for cataract surgery, the demand for contact lenses increases across the world." She called Alcon a leader in contact lenses, a market she called stable and one that has pricing power. U.S.-listed shares of Alcon have jumped nearly 24% this year, building on 2023's 14% rally.

Persons: Emily Leveille, Leveille, it's Organizations: Thornburg Investment Management, Alcon Locations: Switzerland, U.S

☆ Hot chip stocks suffer a tough one-two punch, but there are winners in Tuesday's down market
▼ + stars: | 2024-10-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Biden, ASML, Christophe Fourquet, We're, LVMH, Luis Vuitton, it's, Estee Lauder, JB Hunt, Morgan Stanley, Abbott, Wells Fargo, Jim Cramer's, Jim Organizations: CNBC, ., Energy, Technology, Dow, Semiconductors, Nvidia, Devices, Bloomberg News, U.S, Broadcom, Micron, Taiwan Semiconductor Manufacturing, United Airlines, Interactive, Abbott Laboratories, Jim Cramer's Charitable Locations: U.S, France, China, Estee

☆ Two pioneering Black CEOs have a warning for companies abandoning diversity
▼ + stars: | 2024-10-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

But opponents ignore both the history of so-called meritocracy, and the fact that DEI programs benefit business, Frazier and Chenault argue. But they said opponents have weaponized select examples of diversity programs that are not practiced widely to oppose DEI entirely. Brandon Bell/Getty ImagesMeanwhile, conservative legal groups are now filing lawsuits targeting companies’ diversity initiatives, and Republican leaders like Florida Gov. Frazier and Chenault said there was a split between companies that rushed to create diversity programs in the wake of George Floyd’s murder in 2020 and companies that have embedded these programs into their business. “For those companies that had integrated DEI into the way they do business, fundamentally, it’s marbled into the meat, so to speak.

Persons: Ken Frazier, Ken Chenault, Ken Chenault’s, John Deere, Davidson, Bud Light’s, Frazier, ” Frazier, America’s “, Elon, Chenault, Roy Vagelos —, — Frazier, Vagelos, weren’t, Merck, —, ” Chenault, don’t, George Floyd, Brandon Bell, Ron DeSantis, Arkansas Sen, Tom Cotton, Bud Light, Robby Starbuck, Starbuck, George Floyd’s, They’re, ” Organizations: New, New York CNN, America, Merck, Black, American Express, Fortune, CNN, Corporate America, Tractor Supply, Boston Consulting Group, DEI, Revelio Labs, White, ” Companies, McKinsey, Republican, Florida Gov, Disney, Nike, Harley Locations: New York, Philadelphia, America, Arkansas

☆ Expect smooth sailing in the markets for the next 3-6 months, says CFRA's Sam Stovall
▼ + stars: | 2024-10-15 | 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 EmailExpect smooth sailing in the markets for the next 3-6 months, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment analyst, joins 'Squawk Box' to discuss the latest market trends, how long the bull market can run, state of the economy, and more.

Persons: CFRA's Sam Stovall Sam Stovall Organizations: CFRA Research

☆ Medical schools and legislation aim to address a worsening doctor shortage that's already hitting rural communities
▼ + stars: | 2024-10-15 | by ( Heather Lindsey | ) www.businessinsider.com time to read: +9 min

A doctor shortage is projected to hit 86,000 by 2036. According to the Rural Medical Training Collaborative, 133 rural residencies in family medicine and 69 rural-track programs are recruiting for 2025 enrollment, along with 30 internal-medicine residencies and 16 psychiatry residencies. Several pieces of legislation have also been introduced to Congress to address the doctor shortage. For example, HR 7855, the Association of American Medical Colleges-endorsed Rural Residency Planning and Development Act of 2024, would codify the Rural Residency Planning and Development Program, which funds the startup costs of residency training in rural areas, Dill said. From 2019 to 2024, the program has enabled the launch of 46 accredited rural residency programs across 38 states and Puerto Rico.

Persons: —, Mellisa, Case, Michael Dill, Bruce Scott, Scott, they're, Dill, Molly Fox, Fox, Catherine, Chase Hearn, he'd, I've, Hearn, Hollie Davis Frick, Davis Frick Organizations: Healthcare, Service, Association of American Medical Colleges, American Medical Association, Medicare, Kansas Health Science University, KHSU's Kansas College of Osteopathic Medicine, Catherine Hospital, OB, Oregon Health & Sciences University, Rural, Development, Patel, Group, Conrad State Locations: Prineville , Oregon, Portland, Bend, Louisville , Kentucky, Garden City, Wichita, Oregon, Crook, Puerto Rico, Conrad

☆ Stocks making the biggest moves midday: ASML, UnitedHealth, Walgreens Boots Alliance and more
▼ + stars: | 2024-10-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: UnitedHealth — Shares plunged 7.2% after the health-care giant lowered its earnings guidance due to ongoing headwinds from a cyberattack earlier in the year. Walgreens Boots Alliance — The stock soared 11.9% following the drugstore chain's fiscal fourth-quarter earnings and revenue beat. Enphase Energy — Shares slid 6.8% on the back of a downgrade to sector perform from outperform by RBC Capital Markets. Johnson & Johnson — The health-care conglomerate gained 1.6% after posting quarterly results that exceeded expectations on the back of strong sales of oncology drugs. Energy stocks — Energy stocks declined as oil prices dropped about 5% , with the sector last down more than 2%.

Persons: UnitedHealth, ASML, Johnson, LSEG, Halliburton, Coty, Charles Schwab —, Yun Li, Alex Harring, Hakyung Kim, Michelle Fox, Pia Singh, Sarah Min Organizations: Walgreens, Alliance, Nvidia, Devices, Broadcom, Apollo, Bank of America, Enphase Energy, RBC Capital Markets, Energy, — Energy, APA, Diamondback Energy, Occidental Petroleum, Valero Energy, U.S, Citigroup —, PNC Financial, Boeing Locations: North Carolina, New York, Pittsburgh

☆ A Fed pause would have consequences for the bond and equity markets: Dynamic Funds' Noah Blackstein
▼ + stars: | 2024-10-15 | 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 EmailA Fed pause would have consequences for the bond and equity markets: Dynamic Funds' Noah BlacksteinNoah Blackstein, Dynamic Funds senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's inflation fight, impact of AI technology on the markets, and more.

Persons: Noah Blackstein Noah Blackstein Organizations: Dynamic

A National Geographic documentary crew may have found partial remains of the foot of Andrew “Sandy” Irvine, the famed mountaineer who disappeared on Mount Everest 100 years ago. The climbers were trekking Everest in late September when they spotted a disembodied foot inside of a boot that appeared perfectly preserved yet undeniably old. It is not known whether the pair ever reached the summit — an important Everest mystery among climbers and historians alike. Fisher’s documentary team, which included photographer and director Jimmy Chin and filmmaker Erich Roepke, came across the boot while exploring the Central Rongbuk Glacier on the northern side of Mount Everest. “We haven’t done DNA tests yet, so we can’t 100% say with certainty that this is indeed Irvine’s boot, but like I said, the nameplate is perfectly stitched on there.

Persons: Andrew “ Sandy ” Irvine, “, A.C, Mark Fisher, ’ ”, George Mallory, Edmund Hillary, Tenzing Norgay, Irvine, Mallory, Jimmy Chin, Erich Roepke, Mount Everest, Fisher, ” Fisher, we’re Organizations: Geographic, Mount Everest, AP Locations: A.C Irvine, ’ ” Irvine, Mount, Irvine, Idaho, British, “

Black men have historically voted overwhelmingly for Democratic candidates, with turnout typically lagging that of Black women but consistent nonetheless. Even a relatively small drop in support from Black men for Harris could be significant given the razor-thin margins in battleground states. “Black men prioritize being the primary breadwinners of the household and care about real wages and permanent jobs. The Harris campaign also plans to ramp up its programming specifically designed to engage Black men. This week, it is set to partner with Black male celebrities, influencers and activists to hold “Black Men Huddle Up” events in battleground states, NFL and NCAA watch parties that will double as an avenue for Black men to discuss the stakes of the election.

Persons: Kamala Harris ’, ”, Michael Tyler, Harris, Walz, ” Harris, Cedric Richmond, Joe Biden, Donald Trump, Barack Obama, “, ” Obama, “ I’ve, Black Republicans pounced, chastising, ” Sen, Tim Scott, Obama, They’ve, Obama’s, ” “, ’, Trump, “ Obama, Kamala, Black, Lil Wayne, ” Janiyah Thomas, Byron Donalds of, Wesley Hunt, Scott, That’s, Leo Smith, She’s, ” Smith, Harris ’, Brian Kemp, Stacey Abrams, Omar Ali, surrogates, Dilawar Syed, ” Ali, Ali, Roland Martin, Justin Carter, Stephen Jackson, Matt Barnes, Jermaine Dupri, John Legend, Magic Johnson, we’ve, ” Johnson Organizations: Republicans, Democratic, Black, Trump, New York Times, Siena, Howard University, Black Republicans, Democratic Party, Democrat Party, NBC News, Biden, and, Georgia Republican Gov, Small Business Administration, NBA, “, NFL, NCAA Locations: Pittsburgh, Atlanta, Byron Donalds of Florida, Wesley Hunt of Texas, Cognac, Charlotte , North Carolina, Georgia, campaign’s Georgia, Greenville , North Carolina, Milwaukee, Flint , Michigan

☆ The S&P 500 can reach 6,000 by year-end, says Sanctuary Wealth's Mary Ann Bartels
▼ + stars: | 2024-10-14 | 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 EmailThe S&P 500 can reach 6,000 by year-end, says Sanctuary Wealth's Mary Ann BartelsMary Ann Bartels, Sanctuary Wealth chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, market outlook, impact of the 2024 election, and more.

Persons: Mary Ann Bartels Mary Ann Bartels Organizations: Sanctuary Wealth

☆ I've underestimated how strong this market's been, says Fundstrat's Tom Lee
▼ + stars: | 2024-10-14 | 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've underestimated how strong this market's been, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's inflation fight, impact of the 2024 election, market outlook, and more.

Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors

But mortgage rates are expected to go down next year, so it could be worth waiting if you aren't in a rush. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they're, you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: Chevron

☆ If you sold in May, it's time to come back: Stock Trader's Almanac issues seasonal buy signal
▼ + stars: | 2024-10-14 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The Stock Trader's Almanac issued a seasonal buy signal for equities, saying investors who sold in May can start to come back to the market now as the calendar nears what are historically the best six months of the year. The same is true of the S & P 500 . In the best six months, the S & P 500 gained 3,019 points, while rising 1,133 points in the worst six. "And beginning on the first trading day of April we prepare to exit these seasonal positions as soon as the market falters." The 30-stock Dow Jones Industrial Average rose above the 43,000 milestone on Monday, while the S & P 500 recently crossed the 5,800 level for the first time.

Organizations: Dow Jones, Dow Jones Industrial Locations: Cambodia

☆ The banks are set up pretty well, says Hightower's Stephanie Link
▼ + stars: | 2024-10-14 | 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 EmailThe banks are set up pretty well, says Hightower's Stephanie LinkStephanie Link, Hightower chief investment strategist and portfolio manager, joins 'Squawk Box' to discuss the latest market trends, bank earnings, where investors can find opportunities right now, and more.

Persons: Stephanie Link Stephanie Link, Hightower

If you're part of an online bank, transactions aren't processed on holidays. We've included a list of holidays when most banks (including the best banks in the U.S) close, plus alternatives for accessing cash if you need money quickly. Others, like TD Bank and Regions Bank, have separate pages with bank holiday schedules. Most banking transactions don't process on bank holidays, regardless of whether you use an online or brick-and-mortar bank. Transactions at brick-and-mortar banks like Chase, Wells Fargo, and Bank of America won't be processed until the next business day.

Persons: We've, Martin Luther King, Jr, doesn't, Sophia Acevedo, Sophia, Axel Springer, Education Sophia, Kit Pulliam, They’ve, Kit Organizations: Federal Reserve, Columbus, Indigenous Peoples, TD Bank, Regions Bank, Ally Bank, Bank of America, Business, Finance, Bank, Savings, Education, California State University Fullerton, National Association of Hispanic Journalists, Angeles, Pulliam, Tax, MSN, Vanderbilt University Locations: U.S, Chase, Wells Fargo, California

☆ Here are Monday's biggest analyst calls: Nvidia, Broadcom, Apple, Tesla, Flutter, Caterpillar, Alphabet & more
▼ + stars: | 2024-10-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Monday: TD Cowen reiterates Nvidia as buy TD said Nvidia remains a top pick at the firm. Goldman Sachs upgrades Ibotta to buy from neutral Goldman Sachs reiterates Alphabet as buy Goldman lowered its price target on the stock to $208 per share from $217 citing a slew of headwinds for Alphabet. Wells Fargo upgrades Flutter to overweight from equal weight Wells says investors should buy the dip in shares of the gambling company. Goldman Sachs downgrades AutoZone to sell from buy Goldman downgraded the auto parts retailer due to "muted growth." Goldman Sachs upgrades Ibotta to buy from neutral Goldman says it likes the growth opportunity for the mobile tech company.

Persons: TD Cowen, Mizuho, Goldman Sachs, Goldman, Wells, Truist, Morgan Stanley, Caterpillar, Piper Sandler, Tesla, Piper, wouldn't, it's, Baird, KeyCorp, Jefferies, it's bullish, Stock, GOOS, AppLovin, Oppenheimer Organizations: Nvidia, NVIDIA, Away Tech, Mizuho, AMD, Broadcom, UBS, Partners, Surgery Partners, Apple, VF Corp, Vans, UW, Walmart Locations: Wells Fargo, China

☆ Katie Stockton says it's too early to buy the dip in Boeing, stick with aerospace winners
▼ + stars: | 2024-10-14 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.

Persons: Lockheed Martin, Katie Stockton Organizations: Boeing, Aerospace, Defense, U.S . Aerospace, Defense ETF, ITA, GE Aerospace, Lockheed, RTX Corp, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: U.S, uptrends

☆ Why Gen Z Loves Expensive Groceries, Treats, and Snack Foods
▼ + stars: | 2024-10-14 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +10 min

In a McKinsey survey in February, groceries represented the top category that Gen Z and millennial respondents said they planned to splurge on, outpacing restaurants, travel, and fitness; in 2017, Gen Xers were the top spenders on groceries, followed by boomers. In June, Bank of America reported that its Gen Z customers spent more at premium grocery stores than any other generation. The trend picked up steam with Gen Z. Millennials and Gen Zers are driving demand for vegetarian and vegan food. In a recent YouGov survey for Whole Foods, 70% of Gen Z respondents indicated they were willing to pay more for high-quality foods. Related storiesTo be sure, Gen Z isn't the first generation to serve up food as a status symbol.

Persons: Jade Lily, TikToker, smoothies, Kourtney Kardashian, Katy Perry, Lily, Gen Xers, CreditKarma, Zers, Gen Z's, Millennials, Z, Gen, Neeru, Andrea Hernández, We're, Barbara Kafka, Hernández, Erewhon, Hailey Bieber, Bella Hadid, Sofia Richie, Nate Rosen, Mary Kate, Ashley Olsen, McDonald's, Britney Spears, Nina Dobrev, Shawn Mendes, Prebiotic sodas, Camila Cabello, Gen Zers, Poppi, It's, Rosen, Caesar, That's, Paharia Organizations: McKinsey, Bank of America, Inc, Foods, Arizona State University, New York Times, Pepsi, Brands, idc, Associated Press, Good Culture, Fast Company Locations: Angeles, tocos, Los Angeles

☆ Big 4 giant EY delayed start dates for some new hires for the 2nd consecutive year
▼ + stars: | 2024-10-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

EY has delayed start dates for some of its new hires for a second consecutive year. The consulting giant said the move reflected "the current M&A environment and our business needs." AdvertisementThe accounting and consultancy giant EY has delayed the start of jobs for some of its new hires amid an industry slowdown. It's the second year running that the Big Four firm has delayed start dates for new hires. EY pushed back start dates twice in 2023 and also made at least 300 job cuts in its advisory wing.

Persons: EY, — Organizations: Service, Financial Times, Big, Deloitte, PwC, KPMG, Global

☆ Financial stocks are still being woefully underappreciated by investors, Morgan Stanley says
▼ + stars: | 2024-10-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Positioning in financial stocks is light relative to other sectors, Morgan Stanley says. AdvertisementInvestors are lingering in defensive trades that don't take advantage of the economy's strength, Morgan Stanley said, highlighting opportunities in underinvested sectors. The firm — which just last week upgraded cyclical stocks to "overweight" relative to defensives — described the financials group as particularly attractive. Morgan Stanley said net exposure to financials was in the bottom 15th percentile of a historical data series that goes back to 2010. Morgan Stanley noted that this weakness lowered earnings-season expectations for investors, making it easier for major lenders to outperform forecasts.

Persons: Morgan Stanley, —, financials, Mike Wilson, Wells Fargo, Wilson Organizations: Service, Bank, JPMorgan, Utilities, defensives, ISM Locations: Basel

Actor Simu Liu blasted a pair of Quebec entrepreneurs last week who went on Canada’s version of “Shark Tank” to pitch a drink they say has “transformed” boba tea. Sébastien Fiset and Jess Frenette, founders of a bottled popping boba and alcoholic bubble tea brand called Bobba, were seeking $1 million in exchange for 18% of the company. Their products include cans of alcoholic bubble tea, as well as grab-and-go packets of popping boba. “Dragons, you have probably heard about bubble tea,” Frenette said before Liu quickly interjected with a sarcastic: “I’ve never, has anyone else heard of bubble tea? Not everything has to be traditional.”Fiset responded by saying Bobba’s popping boba makes the drink “not an ethnical product anymore.” Minhas agreed that the popping boba was new, saying she’d never experienced it.

Persons: Simu Liu, Sébastien Fiset, Jess Frenette, CBC’s, ”, Fiset, boba, ” Fiset, Liu, Bobba, “, ” Liu, Let’s, “ Barbie, Frenette, ” Frenette, I’ve, Manjit Minhas, ” Minhas, she’d, Brian Scudamore, ” didn’t Organizations: Bobba’s, Ventures, Bobba Locations: Quebec, —, Canadian, Fiset, Taiwan, Markham, Bobba

☆ What 3 new national polls reveal about the state of the 2024 race
▼ + stars: | 2024-10-13 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Vice President Harris and former President Trump remain locked in a tight contest ahead of November. Harris leads in two new national polls, while both candidates were tied in a third survey. AdvertisementIn the latest CBS News/YouGov poll, Harris had a three-point lead over Trump (51% to 48%) among likely voters. In several swing-state polls, Harris has had some success in pulling closer to Trump on the economy. In the NBC News poll, Harris had a five-point lead over Trump on which candidate represented change (45% to 40%).

Persons: Harris, Trump, —, Kamala Harris, Donald Trump, Joe Biden, Biden, Harris —, She's Organizations: Service, CBS, Trump, ABC, NBC, Democratic, NBC News Locations: battlegrounds, Arizona , Pennsylvania, Wisconsin, Arizona, Nevada, Gaza

☆ Don't let September's jobs report fool you — the labor market is still deteriorating at a worrying rate, economists warn
▼ + stars: | 2024-10-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Small businesses also face tight credit conditions and are slowing hiring. AdvertisementThe September payrolls report seemed to switch the investor narrative around the labor market on a dime. Given the usual lags involved between changes in rates and activity, things will probably get worse for small businesses before they get better." "The labor market is not out of the woods just yet, and I continue to see another hiccup in the jobs market before year-end," Dutta wrote. AdvertisementStill, it's unclear how much pressure the labor market will come under in the months ahead.

Persons: —, bearish David Rosenberg, Rosenberg, Merrill Lynch, Samuel Tombs, Tombs, Neil Dutta, Dutta Organizations: Service, Fed, September's, Rosenberg Research, Pantheon, Macro Research, The Conference Board

☆ Stanley cups are 'on the way out' along with skinny jeans, wealthy teens say
▼ + stars: | 2024-10-13 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

At the same time, the brand's popularity may have peaked and is "on the way out," teens said in the firm's annual survey. While Stanley's multi-colored insulated cups still have considerable caché, upper-income teens told Piper Sander that the products could soon see the same fate as skinny jeans. Upper-income male teens surveyed ranked Stanley cups as their fifth-most fashion trend on the way out. Keith told Business Insider the survey's fashion trend question is open-ended, meaning that respondents are not prompted by a list of options. "They really kind of struck gold with these larger, thick cups, with the handle and a straw," Keith told BI.

Persons: Piper Sandler, Stanley, —, Piper Sander, Peter Keith, Alexia Morgan, Keith, doesn't, weren't, Piper Sandler's, Morgan, hasn't, Dominick Organizations: Service, CNBC, PMI

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