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☆ The S&P 500 has entered a bull market, but will it last? Here's what 5 Wall Street experts are saying about the stock market's big rally.
▼ + stars: | 2023-06-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

The S&P 500 has pushed its way into a new bull market, but experts are torn over whether the rally can last. Though he previously predicted a 15% increase for the S&P 500, he's turned more bearish on the market as recession odds increase. Goldman SachsThe hype for AI is real and could lead the S&P 500 to climb higher this year, Goldman Sachs said. That could take the S&P 500 as much as 14% higher in the coming years, strategists said. The S&P 500 could end the year at 4,500, strategists predicted, implying around a 5% upside from current levels and a gain of about 17% for the full year.

Persons: —, David Rosenberg, Rosenberg, That's, Steve Marcus, Jeremy Siegel, Siegel, he's, Bloomberg Mike Wilson, Morgan Stanley, Morgan, Mike Wilson, Wilson, Cindy Ord, Tom Lee, Fundstrat, Goldman Sachs Organizations: Service, New York Fed, Rosenberg Research, Wharton School, Bloomberg, Corporations, Getty, CNBC

☆ Chocolate is set to get more expensive as cocoa prices soar to seven-year highs
▼ + stars: | 2023-06-13 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Chocolate prices have risen by 14% in the past year, according to consumer intelligence database NielsenIQ. Chetvertakov foresees that the cocoa market could be dented by another deficit in the subsequent season, which runs from October to September next year. Spike in sugar and cocoa butter prices"As chocolate is made up primarily of cocoa butter, with some cocoa liquor included in dark or milk, the price of butter is the most direct reflection of how chocolate prices would move," said Mintec's Director of Commodity Insights Andrew Moriarty. Dark and milk chocolate bars arranged with cocoa beans, cocoa powder and cinnamon sticks. Amongst the different varieties of chocolate, prices of dark chocolate will be hardest hit.

Persons: Cindy Ord, Sergey Chetvertakov, Chetvertakov, Nino, Andrew Moriarty Organizations: Getty, P, CNBC, El, Bloomberg Locations: West Africa, Côte d'Ivoire, Ghana, Azaguie, Ivory Coast, Europe

Read Insider's guide to the best travel rewards credit cards. The undisputed king of travel insurance is the Chase Sapphire Reserve®, which offers higher payouts and activates faster than nearly any other travel rewards credit card in existence. Chase Sapphire Reserve® 4.4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star A tooltip Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Apply nowChase Sapphire Reserve® 4.4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star A tooltip Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. That's $900 toward travel when you redeem through Chase Ultimate Rewards®$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.

Persons: Joseph Hostetler, —, you'd, Wells, We're, That's, you've, it's Organizations: Service, Card Citi, Card, Target, Walmart, Citi, Google, Chase, TSA, Sapphire, Chase Sapphire, Reading Chevron Locations: Europe, Africa, Asia, Airports, Boston, Chicago, ORD, Dallas, DFW, Los Angeles, Miami, New York, JFK, Pittsburgh, Amsterdam, Philadelphia

☆ Asian stocks dip as investors question consequences of US debt deal
▼ + stars: | 2023-05-30 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +4 min

The package still has to be approved by the Republican-controlled House of Representatives and Democratic-controlled Senate before the debt limit is reached, likely by next Monday. The bond market is implying there is an extreme 70% probability on a U.S. recession in the next year. Australian shares (.AXJO) were down 0.11% while the Nikkei stock index (.N225) rose 0.36%, after the Japanese benchmark hit a 33-year high on optimism over the U.S debt deal and a weaker yen, which helps the country's exporters. Benchmark 10-year yields dropped 6 basis points during Asian trade to 3.7616% while thirty-year yields fell 6.3 bps to 3.9134%. With the debt deal heading to Congress for approval, JB Were analysts said there could be up to $600 billion worth of bill issuance in the next six to eight weeks.

In Asian trade, longer-dated U.S. Treasuries rallied on Tuesday as bond traders welcomed the deal to suspend Washington's borrowing limit. "There's still a huge disconnect between bond markets and equities. The deal suspends the debt ceiling until January 2025 in exchange for caps on spending and cuts in government programmes. While U.S cash markets were closed on Monday, S&P 500 e-minis were up 0.32%, reflecting the positive reaction to the debt deal. With the debt deal heading to Congress for approval, JB Were analysts said there could be up to $600 billion worth of bill issuance in the next six to eight weeks.

☆ I fly dozens of times a year, and save hundreds of dollars on airfare with a simple trick airlines don't want you to know about
▼ + stars: | 2023-05-19 | by ( Joseph Hostetler | Jasmin Baron | Credit Cards Reporter | ) www.businessinsider.com time to read: +25 min

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Read Insider's guide to the best travel rewards credit cards. There are even a handful of no-annual-fee travel credit cards that waive foreign transaction fees, such as the Capital One VentureOne Rewards Credit Card. Even if you travel just once or twice per year, you should have at least one travel rewards credit card. Note that credit card lenders may use many different variations of credit score models when considering your application.

☆ These are the top 10 busiest airports in the world—5 of them are in the U.S.
▼ + stars: | 2023-04-10 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Airports Council International , the trade association of the world's airports, recently released its annual ranking of the busiest airports in the world. Hartsfield–Jackson Atlanta International Airport (ATL) Dallas/Fort Worth International Airport (DFW) Denver International Airport (DEN) Chicago O'Hare International Airport (ORD) Dubai International Airport (DXB) Los Angeles International Airport (LAX) Istanbul Airport (IST) Heathrow Airport (LHR) Indira Gandhi International Airport (DEL) Paris Charles de Gaulle Airport (CDG)Atlanta's Hartsfield-Jackson international airport topped the list as the world's busiest airport for the second year in a row. The only year that Atlanta hasn't been the busiest airport in the last four years was 2020 when ATL came in second behind Guangzhou Baiyun International Airport in southern China. DFW is the second-largest airport by land area in the United States after Denver International Airport, according to the Department of Transportation. Denver International Airport has also been among the top 20 busiest airports in the world every year since 2000, according to the Port Authority of New York and New Jersey.

Credit Suisse saw more than $200 million net outflows from its U.S. and European managed funds after March 13, Morningstar Direct said on Friday. DBRS Morningstar on Thursday became the first global rating agency to cut the bank's credit score, with a downgrade to "BBB", which still qualifies Credit Suisse as investment grade. Credit Suisse shares are down about 26% this week and poised for their biggest week drop since October 2008 and the global financial crisis. U.S. shareholders of Credit Suisse sued the bank on Thursday, claiming it defrauded them by concealing problems with its finances. Credit Suisse declined to comment on the lawsuit.

☆ Credit Suisse shares fall again, sentiment remains fragile
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +3 min

"While markets are relieved that the Swiss central bank stepped in, sentiment is bound to remain very fragile, particularly as investors will likely worry about the eventual economic impact of aggressive monetary policy tightening by the European Central Bank (ECB)," she added. DBRS Morningstar on Thursday became the first global rating agency to cut the bank's credit score, with a downgrade to "BBB", which still qualifies Credit Suisse as investment grade. Credit Suisse shares are down about 22% this week and poised for their biggest week drop since March 2020 when the COVID-19 crisis wreaked turmoil across world markets. U.S. shareholders of Credit Suisse sued the bank on Thursday, claiming it defrauded them by concealing problems with its finances. Credit Suisse declined to comment on the lawsuit.

☆ Bank rescues ease crisis fears, investors still wary
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +3 min

COMMENTS:KERRY CRAIG, SENIOR STRATEGIST, JPMORGAN ASSET MANAGEMENT"It has been a week of ups and downs for the equity market this week. Then they will take it away gradually and the bank will play out a slow death." ZHIKAI CHEN, HEAD OF ASIA EQUTIES, BNP PARIBAS ASSET MANAGEMENT"The $30 billion deposit injection into First Republic overnight was novel and creative. Its new facility taking eligible securities at par removes the mark to market spiral risk to meet deposits. That said, markets are now suggesting rates hikes may be nearing an end, while inflation continues to rollover."

☆ The rise and fall of Birchbox, the once-buzzy startup valued at nearly $500 million that frustrated customers are now saying has 'vanished'
▼ + stars: | 2023-03-11 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Birchbox pioneered the monthly beauty subscription box and was once valued at nearly $500 million. The company also raised another round of funding, this time $60 million, which pushed the startup's valuation to $485 million. Meanwhile, Sephora had launched a monthly beauty box of its own. Meanwhile, Birchbox's subscriber count was dropping, and the company raised its monthly subscription price for the first time in its history. Customers are now accusing Birchbox of having 'vanished'Birchbox's monthly box includes sample sizes of high-end beauty products.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was flat after U.S. stocks ended the previous session with mild gains. The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.8945% compared with a U.S. close of 4.894%. Australian shares (.AXJO) were 0.1% lower after being down 0.3% earlier in the session, while Japan's Nikkei stock index (.N225) rose 0.5%. "In the next couple of days the congressional testimony will be critical for markets. Investors have repriced what they think the Fed will do with interest rates in March and into the second quarter," said Tai Hui, JPMorgan Asset Management's chief Asian market strategist.

Rystad Energy sees the global market deficit of lithium shrinking to around 20,000 to 30,000 tonnes of lithium carbonate equivalent (LCE) this year, from 76,000 tonnes LCE in 2022. Out to 2025 it expects lithium supply to grow on average by 34% a year against an annual demand growth rate of 25%. MINERS UNFAZEDThe decline in lithium prices in China, the world's biggest consumer, has hit lithium producers overseas. LITHIUM CARBONATE SINKSThe price decline has been sharp. "A lithium carbonate price of 200,000-300,000 yuan per tonne is where both upstream and downstream will feel comfortable," said Rystad's Zou.

☆ How to access American Airlines Admirals Club airport lounges
▼ + stars: | 2023-02-01 | by ( Jason Stauffer | Elizabeth Gravier | ) www.cnbc.com time to read: +11 min

Below, CNBC Select details of the ways you can access American Airlines' network of Admirals Club lounges. American Airlines lounge locationsAmerican Airlines offers a network of nearly 50 Admirals Club lounges across 32 airports worldwide. How to access American Airlines loungesTo access any American Airlines lounge you'll need to be flying either with American Airlines, a Oneworld alliance partner or JetBlue. Members of the U.S. military traveling in uniform have access to most Admirals Club lounges when traveling on a same-day American Airlines flight. With an annual Admirals Club membership you'll also have access to Alaska Airlines lounges, Qantas lounges and other partner lounges.

If everyone in the world expertly utilized credit card rewards to travel for free, there wouldn't be such amazing travel opportunities out there. Identify your travel goalsBefore you begin collecting credit card rewards, you should first identify your travel goals. Amex Membership Rewards points Capital One miles Chase Ultimate Rewards points Choice Privileges points Citi ThankYou points Hilton Honors points Hyatt points IHG Rewards points Marriott Bonvoy points Wyndham Rewards pointsYou travel with a large family Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Recommended credit card strategies for beginnersThe best practice for anyone new to credit card rewards is to invest in flexible points. You'll need: An annual fee-incurring Hilton credit card One of the greatest deals in credit card rewards is the free night certificate that comes with select American Express Hilton credit cards.

The pro wrestler known as Jay Briscoe — best known as one half of the foul-mouthed "Briscoe Brothers" tag team — was killed in head-on highway crash in Delaware, officials said Wednesday. Wrestlers Jay Briscoe and Mark Briscoe of "The Briscoe Brothers" in 2019. Pugh and brother Mark Pugh were the "Briscoe Brothers" who performed for the Florida-based Ring of Honor wrestling circuit. "It is with a heavy heart that we mourn the tragic passing of Jamin Pugh, known to wrestling fans around the world as Jay Briscoe," Ring of Honor said in a statement on Wednesday. "My condolences to the family and friends of Jay Briscoe."

☆ The best ways to book domestic flights using Amex Membership Rewards points
▼ + stars: | 2023-01-09 | by ( Jason Stauffer | Benji Stawski | ) www.cnbc.com time to read: +18 min

Below, CNBC Select details the best ways to redeem Amex points to fly for free (or nearly free) across the U.S. Best Amex cards for earning Membership Rewards pointsAmerican Express has a strong lineup of both personal and business cards that earn transferrable Membership Rewards points. How to use Amex points for domestic flightsYou can only transfer Amex points to two U.S.-based airline programs: Delta SkyMiles and JetBlue TrueBlue. Booking United flights with Amex points Amex Membership Rewards points don't transfer to United MileagePlus, but you can book United award flights through United's Star Alliance partners, such as Avianca LifeMiles and Air Canada Aeroplan. By strategically transferring Amex points to partner airlines, you can use Amex points to book flights with United Airlines, American Airlines, Alaska Airlines, and others.

☆ Arrive extra-early at these 15 U.S. airports—up to 3 hours—if you don't want to miss your flight
▼ + stars: | 2023-01-06 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Going to the airport is often a daunting task. Between long security lines and the crowds in the terminal, giving yourself enough time to make it to your gate is essential. In a 2022 study, the travel experts at Upgraded Points analyzed 15 factors at 50 major U.S. airports to find the ones where it's most important for passengers to arrive early for domestic flights. number of enplanementsnumber of passengersairport sizeaverage TSA wait timenumber of terminalsnumber of gatesnumber of airport employeesnumber of airport loungesnumber of restaurants/barsnumber of shopsnumber of parking lots/deckspercentage of on-time departurespercentage of delayed departurescar traffic volumecar traffic indexThe study found that the airports where passengers need the most time before boarding are Chicago O'Hare International Airport (ORD), Los Angeles International Airport (LAX), and John F. Kennedy International Airport (JFK). The airport where passengers don't need to arrive as early and ranked at the bottom of the list was John Glenn Columbus International Airport (CMH) in Columbus, Ohio.

In this guide, we'll give you a crash course on how to quickly earn credit card rewards and book free travel. If everyone in the world expertly utilized credit card rewards to travel for free, there wouldn't be such amazing travel opportunities out there. Identify your travel goalsBefore you begin collecting credit card rewards, you should first identify your travel goals. Recommended credit card strategies for beginnersThe best practice for anyone new to credit card rewards is to invest in flexible points. You'll need: An annual fee-incurring Hilton credit card One of the greatest deals in credit card rewards is the free night certificate that comes with select American Express Hilton credit cards.

☆ Australia's Coles flags climate challenge as floods push up inflation
▼ + stars: | 2022-10-25 | by ( Byron Kaye | Harshita Swaminathan | ) www.reuters.com time to read: +3 min

2 grocer Coles Group Ltd flagged climate change as its next big operational challenge on Wednesday as floods pushed up prices in the first quarter, lifting sales revenue but squeezing the farming supply chain. Coles shares fell 3% by mid-session, against a flat overall market, as analysts weighed the impact of inflation, which economists also blame on soaring energy prices, on profit growth. Shares of larger rival Woolworths Group Ltd, which reports September quarter sales on Nov. 3, were also down 3%. At its annual meeting, Woolworths CEO Brad Banducci said inflation remained a concern and the company expected the operating environment to remain challenging. With Australian inflation at a 32-year high of 7.3% in the September quarter, Coles CEO Cain said cost of living pressures were changing customer behaviour, with lower-income shoppers buying less fresh produce and more canned goods, and “catering in bulk” to reduce food waste.

Eight years after the show’s debut, the podcast circuit across all storytelling genres has never been more crowded or competitive. But in today’s oversaturated market, could any one show prove to be as singularly culture-shaping — influential enough to help free an imprisoned person? “I remember a time when I could keep up on new podcast series, but nowadays that seems virtually impossible,” he added. Cindy Ord / Getty Images file“Serial” is not the only podcast to have helped put more focus on a possible miscarriage of justice. In the years since, the stylistic tropes of true-crime podcasting have become all too easy to satirize.

☆ I redeemed 47,000 Amex points for a phenomenal first-class flight to Asia worth $14,000, and it was one of the best in-air experiences of my life
▼ + stars: | 2022-09-16 | by ( Chris Dong | Read More | Read Less | ) www.businessinsider.com time to read: +20 min

Here's how I booked it using credit card points — and a rundown of the flight itself. Earn 5x Membership Rewards® Points on prepaid hotels booked with American Express Travel. More Information Earn 100,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel. Bottom lineOne of the best things about transferable credit card points, such as Amex Membership Rewards, is the incredible flexibility that they offer.

☆ Goldman Sachs is going through a massive transformation under CEO David Solomon
▼ + stars: | 2022-05-16 | by ( Business Insider | ) www.businessinsider.com time to read: +6 min

Goldman Sachs CEO David Solomon has been taken steps to transform the bank. Here's a rundown of other must-know news at Goldman, from struggles at its Marcus consumer bank to its return-to-office push, hires and exits. In November 2021, Goldman Sachs elevated 643 people to its 2021 class of managing directors, marking its largest class yet. Read more:Junior bankers in focusPeople enter and exit 200 West Street the Goldman Sachs building in New York. The going rate for investment-banking analysts on Wall Street, including Goldman Sachs, is now $110,000 before bonus, up from $85,000 pre-pandemic.

The Platinum Card® from American Express comes with a $189 statement credit toward CLEAR® Plus membership. comes with a $189 statement credit toward CLEAR® Plus membership. Read more: I wasn't interested in CLEAR® Plus until the Amex Platinum gave it to me for free. $189 CLEAR® Plus Credit: Breeze through security with CLEAR® Plus at 45+ airports nationwide and get up to $189 back per year on your membership (subject to auto-renewal) when you use your Platinum Card®. CLEAR® Plus locations Atlanta: Hartfield-Jackson International Airport (ATL)Austin: Austin-Bergstrom International Airport (AUS)Baltimore: Baltimore/Washington International Thurgood Marshall Airport (BWI)Birmingham: Birmingham-Shuttlesworth International Airport (BHM)Boston: Boston Logan International Airport (BOS)Chicago: Chicago Midway International Airport (MDW), O'Hare International Airport (ORD)Cincinnati: Cincinnati/Northern Kentucky International Airport (CVG)Cleveland: Cleveland Hopkins International Airport (CLE)Dallas: Dallas Love Field Airport (DAL), Dallas-Fort Worth International Airport (DFW), Globe Life FieldDenver: Denver International Airport (DEN), Coors FieldDetroit: Detroit Metro Airport (DTW)Fort Lauderdale: Fort Lauderdale-Hollywood International Airport (FLL)Houston: George Bush Intercontinental Airport (IAH), William P. Hobby Airport (HOU)Las Vegas: McCarran International Airport (LAS)Los Angeles: Los Angeles International Airport (LAX)Miami: Miami International Airport (MIA)Minneapolis: Minneapolis-St.Paul International Airport (MSP)Nashville: Nashville International Airport (BNA)Newark: Newark Liberty International Airport (EWR)New Orleans: Louis Armstrong New Orleans International Airport (MSY)New York: LaGuardia International Airport (LGA), John F. Kennedy International Airport (JFK), Westchester County Airport (HPN), Yankee Stadium, Citi Field, Madison Square GardenOakland: Oakland International Airport (OAK)Orlando: Orlando International Airport (MCO)Phoenix: Phoenix Sky Harbor International Airport (PHX)Sacramento: Sacramento International Airport (SMF)Salt Lake City: Salt Lake City International Airport (SLC)San Antonio: San Antonio International Airport (SAT), AT&T CenterSan Francisco: San Francisco International Airport (SFO), Oracle ParkSan Jose: Norman Y. Mineta San Jose International Airport (SJC), Earthquakes StadiumSeattle: Seattle-Tacoma International Airport (SEA)St. Louis: St. Louis Lambert International Airport (STL)Washington, DC: Dulles International Airport (IAD), Ronald Reagan Washington National Airport (DCA)How to maximize the annual CLEAR® Plus membership creditWhile the CLEAR® Plus statement credit is great on its own, Amex also offers another credit up to $100 for Global Entry or TSA PreCheck every 4.5 years.

Hyatt HotelsThe Platinum Card® from American Express raised its annual fee to $695. The Platinum Card is also offering a huge welcome bonus offer: 80,000 Membership Rewards® points after spending $6,000 on purchases in the first six months of card membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. CLEAR® locations Atlanta: Hartfield-Jackson International Airport (ATL)Austin: Austin-Bergstrom International Airport (AUS)Baltimore: Baltimore/Washington International Thurgood Marshall Airport (BWI)Birmingham: Birmingham-Shuttlesworth International Airport (BHM)Boston: Boston Logan International Airport (BOS)Chicago: Chicago Midway International Airport (MDW), O'Hare International Airport (ORD)Cincinnati: Cincinnati/Northern Kentucky International Airport (CVG)Cleveland: Cleveland Hopkins International Airport (CLE)Dallas: Dallas Love Field Airport (DAL), Dallas-Fort Worth International Airport (DFW), Globe Life FieldDenver: Denver International Airport (DEN), Coors FieldDetroit: Detroit Metro Airport (DTW)Fort Lauderdale: Fort Lauderdale-Hollywood International Airport (FLL)Houston: George Bush Intercontinental Airport (IAH), William P. Hobby Airport (HOU)Las Vegas: McCarran International Airport (LAS)Los Angeles: Los Angeles International Airport (LAX)Miami: Miami International Airport (MIA)Minneapolis: Minneapolis-St.Paul International Airport (MSP)Nashville: Nashville International Airport (BNA)Newark: Newark Liberty International Airport (EWR)New Orleans: Louis Armstrong New Orleans International Airport (MSY)New York: LaGuardia International Airport (LGA), John F. Kennedy International Airport (JFK), Westchester County Airport (HPN), Yankee Stadium, Citi Field, Madison Square GardenOakland: Oakland International Airport (OAK)Orlando: Orlando International Airport (MCO)Phoenix: Phoenix Sky Harbor International Airport (PHX)Sacramento: Sacramento International Airport (SMF)Salt Lake City: Salt Lake City International Airport (SLC)San Antonio: San Antonio International Airport (SAT), AT&T CenterSan Francisco: San Francisco International Airport (SFO), Oracle ParkSan Jose: Norman Y. Mineta San Jose International Airport (SJC), Earthquakes StadiumSeattle: Seattle-Tacoma International Airport (SEA)St. Louis: St. Louis Lambert International Airport (STL)Washington, DC: Dulles International Airport (IAD), Ronald Reagan Washington National Airport (DCA)It can even speed up your access to the TSA PreCheck lines, if you're eligible. I'll be keeping my Platinum Card, as the value of these new benefits outweighs the additional cost.

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