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Year to date, the S & P 500 machinery group is up only 8% versus the S & P 500 industrial sector, which is up 12%. The S & P 500 itself which is up 16%. We remain underweight industrials generally, and machinery stocks specifically. Here's S & P 500 machinery industry comprising 17 stocks with a total market capitalization of $764 billion: The 2-panel chart below depicts the S & P 500 machinery industry marking new highs the past 18 months, yet a series of lower relative highs to the market. Top Panel: S & P 500 Machinery Industry Group Bottom panel: Machinery's Relative Performance to the S & P 500 Index Caterpillar chart below... we're sellers here.
Persons: Here's, Carter Braxton Worth Organizations: Caterpillar, Machinery Industry, CNBC, NBC UNIVERSAL Locations: U.S
What’s more, when kids watched screens with their parents, the study found it didn’t help their language skills. Tulviste said the research team is planning a follow-up study to investigate patterns of screen use during the pandemic and the impact on kids’ language skills. But the negative impact on language development isn’t the only danger kids face when parents and guardians are on their phones, according to past research. The American Academy of Pediatrics offers advice on how to calm kids of different ages without screens on its website. Then, when they leave, I do my best to put my devices away and give my kids my full attention.
Persons: CNN —, , Jenny Radesky, don’t, , Tiia, Dr, Jaan Tulviste, Tulviste, Radesky, Lauren Tetenbaum, , Tetenbaum, — it’s, , it’s, Kara Alaimo Organizations: CNN, American Academy of Pediatrics, Excellence, Social Media, Mental, Estonia’s University of Tartu, University of Tartu, T’s, AAP, , Fairleigh Dickinson University, Women, Press, Facebook Locations: Westchester County , New York
In today’s edition, we break down how panels of undecided voters in Arizona and Pennsylvania responded to the debate. A handful of Arizona voters previously turned off by both Vice President Kamala Harris and former President Donald expressed interest in the Democratic nominee in an NBC News panel after the debate. Read more →Harris avoids some big questions, but Trump’s lack of control costs himBy Chuck ToddIn many ways, Tuesday’s debate was quite familiar. Just like our politics for the last nine years, the entire debate revolved around one person: Donald Trump. Read more →That’s all from the Politics Desk for now.
Persons: Chuck Todd, Donald Trump, Harris, Emma Barnett, Alex Tabet, Kate Snow, Jacob Soboroff, Kamala Harris, Donald, Lynne Kelleher, Kamala, , , I’m, ” Hannah Reed, Trump, Joe Biden, Reed, Denise Lewis, she’s, isn’t, here’s Trump, who’s, Lewis, Read, → Harris, Don’t, Joe Biden’s, Biden, Chuck →, ove Organizations: NBC, White House, Capitol, Democratic, Trump, Libertarian, Biden Locations: Arizona, Pennsylvania, Philadelphia, Bucks, Scottsdale, Harris
It wasn’t until Trump’s closing statement that he tried to effectively pin Vice President Kamala Harris to President Joe Biden’s administration. Not only did Trump fail to connect Harris more directly with the Biden years, but so did the questions. And Harris certainly took advantage of every opportunity to turn many of the questions directed at her or the Biden-Harris administration back on Trump. And Harris also benefited because the moderators didn’t always follow up with her when she didn’t answer their questions directly. (Again, Trump didn’t acknowledge any failures in his administration other than the people he fired, and Harris didn’t seem to hug the Biden-Harris record very much.)
Persons: Donald Trump, Trump, Don’t, Kamala Harris, Joe Biden’s, Harris, Biden, It’s, goad Trump, Biden’s flameout, Hillary Clinton, didn’t, , won’t, Biden —, Harris didn’t Organizations: Biden, Trump, Trump Republicans Locations: Harris
See how we rate personal loans to write unbiased product reviews. One way my husband did that was by consolidating his loans to get out of debt. Back then, I had a decent credit score and about $18,000 in student loans, and he had a poor credit score and about the same amount in consumer debt and car debt. Here's what we did to tackle Marshall's credit score and debt ratio before officially tying the knot in January 2021 and eventually buying a home. It turned out a few inaccuracies were holding back his credit score, and he was able to get them deleted with just a phone call.
Persons: , Marshall, Rich Dad, Robert T, JL Collins, Dave Ramsey, Chris Hogan, Christopher R, Jarvis, David B, Mandell, Gary John Bishop, we've Organizations: Service, Business, Nationwide
There's a small part of the municipal bond market that could provide a big opportunity to investors, according to Nuveen. The Nuveen High Yield Municipal Bond Fund , which Close manages, has about 9% of its assets in charter school muni bonds. NHMAX 1Y mountain Nuveen High Yield Municipal Bond Fund Charter school bonds fund construction, renovation or the purchase of school facilities. There are currently about 8,000 charter schools in the United States serving 3.7 million students, according to the National Alliance for Public Charter Schools . Traditional K-12 bonds pay about 3.5%, while charter school bonds yield around 5% — a 150 basis point difference, Close said.
Persons: Dan Close, We've, there's, munis, Nuveen, Close Organizations: Municipal Bond Fund, muni, Municipal, Fund Charter, National Alliance for Public Charter Schools, AAA, AA, Standard, The Academy Charter School, Norton Science, Language Academy, of Peace Academy, St Locations: Nuveen, United States, Hempstead , New York, San Bernardino , California, Paul , Minnesota
That’s the fine line Garland has to walk. And, unfortunately, a man whom Garland tried his best to ignore until it was too late. In short, for Donald Trump there was, and always is, a separate rule. Contrary to the bogus complaints of “lawfare,” the Justice Department has treated Trump better, not worse, than everyone else. If Trump wins in November and orders Justice to drop the prosecutions against him, that will be a lasting tarnish of Garland’s legacy.
Persons: Garland, Donald Trump’s, ” Garland, Trump, Garland hamstrung Jack Smith, Donald Trump, , Justice Organizations: Democrats, Republicans, Justice, Trump Locations: America
The top 1% aren't the only ones with a target on their backs: Those in the $400,000 to $1 million income bracket could see their capital gains tax rise under her. There has also been concern about whether the step-up in basis, a provision that adjusts capital gains taxes for inherited assets, could be repealed. A 1031 Exchange is popularly used to sell and buy investment property while deferring capital gains tax until future generations inherit it. Once they do, a step-up basis can be used to dismiss those previous capital gains taxes. AdvertisementAs for any impacts from the Trump administration, unilateral trade sanctions and tariffs would hurt the economy and be depressive to the market, Malek said.
Persons: Donald Trump's, Kamala Harris, Kent Smetters, it's Harris, Smetters, Harris, Mark Malek, Siebert, Malek, Mike Reynolds, Reynolds, Harris hasn't, Trump, Sandi Bragar Organizations: Service, Democratic, Penn Wharton Budget, Business, Biden, Nvidia, Fund Locations: Wall, Washington, Rhode Island , New York , California, Nebraska , Indiana , Wyoming, China
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Multi-strategy hedge funds, led by Citadel, Millennium, and Point72, had churned out returns in turbulent markets with limited volatility. In that environment, even the multi-strategy funds not among the sector's top tier were able to demand long lock-ups and high fees. Bobby Jain's new fund launched with $5.3 billion in July after there were whispers of him raising $10 billion six months prior.
Persons: , Michael Gelband, Goldman Sachs, Bobby Jain's, Doug Haynes, Justin Young Organizations: Service, Citadel, Tiger, Business, Millennium, Street, FT, Bloomberg, of Texas, Treasury, Multilateral Endowment Management Company, Oklahoma State Foundation, LinkedIn
But more than half the global population isn’t eating enough of these and five other nutrients also crucial for human health, according to a new study. More than 5 billion people don’t consume enough iodine, vitamin E or calcium, found the study published August 29 in the journal The Lancet Global Health. Billions of people don’t consume enough of at least seven micronutrients present in hundreds of foods, according to a new study. For these reasons, the research team estimated the prevalence of inadequate intakes of 15 micronutrients among 185 countries, or 99.3% of the population. “Therefore, iodine might be the only nutrient for which inadequate intake from food is largely overestimated,” the authors said, referring to their findings.
Persons: , Christopher Free, haven’t, didn’t, Ty Beal, Lauren Sastre, Sastre, wasn’t, , ” Sastre Organizations: CNN, Marine Science Institute, Bren School of Environmental Science, Management, University of California, Database, Global Alliance, Improved Nutrition, Clinic, East Carolina University, UNICEF Locations: Santa Barbara, India, Asia, Saharan Africa, Swiss, North Carolina
TORONTO — Former Canadian fashion mogul Peter Nygard was sentenced Monday in a Toronto courtroom to 11 years in prison for sexually assaulting four women. He faces separate sexual assault and sex trafficking charges in Montreal, Winnipeg and the U.S.Nygard has denied all allegations against him. Designer Peter Nygard in 2014. Goldstein called Nygard “a Canadian success story gone very wrong.”A courtroom sketch shows Peter Nygard, seated at center with his lawyers in Toronto on Monday. Alexandra Newbould / The Canadian Press via APNygard founded a fashion company in Winnipeg, Manitoba, in 1967 that ultimately became Nygard International.
Persons: Peter Nygard, Robert Goldstein, Nygard, Tommaso Boddi, , Goldstein, Alexandra Newbould, David Lametti Organizations: TORONTO —, U.S, Canadian Press, AP Nygard, Nygard International, FBI Locations: Canadian, Toronto, Montreal, Winnipeg, Winnipeg , Manitoba, Canada, New York City, New York, Manitoba’s
A SpaceX capsule carrying four private citizens blasted off early Tuesday on a five-day mission that is set to include the first spacewalk carried out by an all-civilian crew. The mission, known as Polaris Dawn, lifted off at 5:24 a.m. ET from Launch Complex 39A at NASA’s Kennedy Space Center in Florida. Isaacman, who previously funded and took part in the first all-civilian SpaceX mission to orbit in 2021, is bankrolling the Polaris Dawn mission in partnership with SpaceX. As such, all four astronauts will wear and test newly designed spacesuits during the spacewalk.
Persons: Polaris Dawn, Jared Isaacman, Scott “ Kidd ” Poteet, Sarah Gillis, Anna Menon, Isaacman, Gillis Organizations: SpaceX, Polaris, NASA’s Kennedy Space Center, Space, Air Force Locations: Florida
SYDNEY, Australia — Australia plans to set a minimum age limit for children to use social media citing concerns about mental and physical health, drawing a backlash from digital rights advocates who warn the measure could drive dangerous online activity underground. Prime Minister Anthony Albanese said his center-left government would run an age verification trial before introducing age minimum laws for social media this year. The law would put Australia among the first countries in the world to impose an age restriction on social media. Representatives of Meta, the owner of Facebook and Instagram, which has a self-imposed minimum age of 13, YouTube owner Alphabet and TikTok were not immediately available for comment. Australia has one of the world’s most online populations with more than four-fifths of its 26 million people on social media, according to government and tech industry figures.
Persons: Anthony Albanese, Albanese, , ” Albanese, , Daniel Angus, Jordy Kaufman Organizations: Australian Broadcasting Corp, European Union, Meta, Facebook, Queensland University of Technology Digital Media Research, Swinburne University, University of Sydney Locations: SYDNEY, Australia
Upcoming jobs reports on October 4 and November 1 could impact the election outcome. A poor payrolls print for September or October could hurt Kamala Harris' campaign. Go to newsletter preferences Thanks for signing up! AdvertisementTonight's presidential debate between Vice President Kamala Harris and former President Donald Trump could prove to be a pivotal moment in the tight race for the White House. Those are the days when the Bureau of Labor Statistics will release the jobs reports for September and October.
Persons: Kamala Harris, , Donald Trump, Joe Biden Organizations: Labor, Fed, Service, White, Trump, Bureau of Labor Statistics, Business
An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.
Persons: , It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged
CNN —The San Francisco 49ers put in a dominant showing to beat the New York Jets 32-19 on Monday, spoiling Aaron Rodgers’ return to NFL action. Rodgers returned to NFL action for the first time since Week 1 last season. Thearon W. Henderson/Getty ImagesDespite the poor start, Rodgers soon showed why the Jets traded for him ahead of last season. However, the Jets offense then struggled to produce much until late in the third by which point San Francisco had built up a comfortable lead. Per the NFL, the Jets only had 21:20 minutes of possession, the lowest mark of Rodgers’ career.
Persons: Aaron Rodgers ’, Jordan Mason, Christian McCaffrey, Mason, Jake Moody, Brock Purdy, ” Purdy, , McCaffrey, I’m, Rodgers, Fred Warner, Thearon, Henderson, San, Rodgers –, Garrett, Wilson, , ” Rodgers, Kyle Shanahan’s, Brandon Aiyuk Organizations: CNN, San Francisco 49ers, New York Jets, NFL, 49ers, Jets, Breece, Green Bay Packers, Kansas City Chiefs, Super, San Locations: Francisco, New York, San Francisco
Warren East, former CEO of Rolls Royce and Arm, speaking at a tech event in London on June 13, 2022. "I think we have a lot to offer in terms of U.K.-based innovative technology," East told the audience at Cambridge Tech Week. However, he added: "We tend not to be able to realise as many global businesses as that promise would suggest." East was also previously the CEO of U.K. aviation engineering giant Rolls-Royce . East said that Britain "needs to get commercialization right," adding that too much innovation gets created in the U.K. but is then exported elsewhere around the world.
Persons: Warren East, East Organizations: Royce, Cambridge Tech, Warren, Tokamak Energy Locations: London, CAMBRIDGE, England, Britain, U.S
September is living up to its reputation as a difficult month. " In other words, a tough, choppy market for investors. The markets opened positive, with a nice lift from Oracle , which is keeping the expanding artificial intelligence story going. The company's positive comments on AI helped lift the hyperscalers ( Amazon , Microsoft , Alphabet ) as well. Put this all together, and it reinforces the view that there is no reason to stick your neck out.
Persons: Goldman Sachs Organizations: Oracle, Microsoft, Nvidia, Taiwan Semiconductor, JPMorgan Chase, Barclays, Dow Locations: midmorning
Read previewMore children fell into poverty last year — and it could signal a major issue for both candidates as the presidential election heats up. But child poverty rose faster than that, from 12.4% to 13.7%. "The effectiveness of such a policy is evident when one considers the effects of the Child Tax Credit." And with child poverty only worsening, what candidates can deliver for parents might be particularly salient. Is the rise in child poverty and lack of assistance impacting your family?
Persons: , Steven Durlauf, Joe Biden's, Kamala Harris, Donald Trump's, Joseph Costello, Harris, Walz, JD Vance, Anna Kelly, Kelly, Trump, Adam Ruben, Josh Bivens, they'd Organizations: Service, Business, The University of Chicago, Stone Center for Research, Harris School of Public, Child Tax, Pew Research Center, Economic Security, Census, Economic Policy Institute, jkaplan Locations: U.S
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Cuban has warned that Trump's plan to impose sweeping tariffs on US imports would burden even tiny businesses with expensive, arduous compliance. Related storiesHe was critical of Trump's tariffs on China during his time in the White House and has slammed the Republican candidate's threat of more of the same. "Tariffs are the worst possible incentive for all but a few products," he said, adding that they "almost always" cost consumers more money. Tariff pain and small business woePaul Krugman has been vocally against plans for fresh tariffs if Trump wins in November.
Persons: , Cuban, Elon Musk's, Grok, Trump, He's, Kamala Harris, Paul Krugman, what's, Kevin O'Leary Organizations: Service, Business, Cuban, Trump, Republican, Dallas Mavericks, Yahoo, White, Democratic, Getty Locations: Cuban, China, Wisconsin
In today’s edition, senior political editor Mark Murray looks at how Kamala Harris and Donald Trump are trying to position themselves as the candidate of change. Poll shows Trump winning the 'change' argument — for nowBy Mark MurrayIt’s not too surprising that the latest national New York Times/Siena College poll finds a razor-close contest between Donald Trump and Kamala Harris. In the NYT/Siena poll, 25% of likely voters said Harris represents major change and 15% said she represents minor change, while 55% said she represents more of the same. That’s compared with 53% of voters who see Trump as representing major change, 8% as minor change, and 34% as more the same. Breaking barriers in Delaware: State Sen. Sarah McBride is expected to take another step toward becoming the first transgender person elected to Congress.
Persons: Mark Murray, Kamala Harris, Donald Trump, Mark Murray It’s, It’s, Trump, Harris, Chuck Todd, , Harris ’, Joe Biden’s, , ” Harris, Biden, ” Trump, ” We’re, it’s Trump, Adam Wollner, Alexandra Marquez, Adam Edelman Tomorrow’s, Sen, Kelly Ayotte, Chris Sununu, Chuck Morse, Ayotte, Joyce Craig, Cinde Warmington, Amy Walter, Maggie Goodlander, Colin Van Ostern, Annie Kuster, who’s, Goodlander, Jake Sullivan, Hillary Clinton, Van Ostern, John Lynch, State Sen, Sarah McBride, McBride, Lisa Blunt Rochester, Tom Carper, Blunt Rochester, she’s, Maryland’s Angela Alsobrooks, hat’s Organizations: NBC, White House, Capitol, Trump, New York Times, Siena, it’s Trump who’s, Rhode, Republican, Democrats, Manchester, Democratic, Biden White House, Justice Department, Council, Rep, Delaware’s, Democratic National Convention, Delaware Democrat, Senate Locations: Siena, New Hampshire , Delaware, North Carolina, state’s, New Hampshire, Granite, Kuster, Delaware, State, Congress
She focused on this gig early in the morning, in the evening, on the weekends, or during working hours on the days her full-time employer allowed her to work from home. While overemployment has increased Olivia's work-related stress, it's reduced her financial stress — something she said has helped her pursue a healthy romantic relationship. That's because the long working hours can take a toll, and remote job opportunities can be difficult to land. As long as she lives in her area of California, she's not sure she'll ever buy a home. Are you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?
Persons: , Olivia, What's, Doxo, jugglers, she's, overemployment, Overemployment, it's Organizations: Service, Business, New York Times, BI Locations: California's Bay, San Francisco, San Jose, Bay, California
Utilities — not tech — are now the hottest trade on Wall Street, according to Bank of America. "Note that the total return of S & P 500 Utilities (the 'tortoise') has been in line with Nasdaq's (the "hare') over the long term." Vanguard Utilities ETF (VPU) , a $6.4 billion market cap-weighted fund, has a total return of 22%. The iShares U.S. Utilities ETF (IDU) , with $1.4 billion in assets, has a 22% total return. Invesco S & P 500 Equal Weight Utilities ETF (RSPU) , an equal-weighted fund with just $317 million in assets, has a roughly 20% total return in 2024.
Persons: Savita Subramanian, Subramanian, , Invesco, Jesse Pound Organizations: Bank of America, Federal Reserve, Utes, Utilities, Vanguard Utilities, U.S . Utilities, Fidelity MSCI Utilities Locations: U.S
However, working from home can have drawbacks when it comes to taking a lunch break. "If you're really working around the clock, until let's say dinner time and don't take that break, it's not contributing to the longevity, sustainability, and overall health of employees," Tavis said. Overworking and burnout from not taking a proper break can also contribute to mental health issues, Tavis said. AdvertisementEmployers need to do moreDiRose said the best preventive measure to ensure employees are taking breaks is more training. Tavis said that for hybrid setups, managers need to make sure they encourage staff to take lunch on in-office days.
Persons: , Isabel Berwick, Nick Bloom, Mark Mortensen, it's, Mortensen, Anna Tavis, Tavis, Janice DiRose —, DiRose, they're Organizations: Service, Employees, Business, Financial, Stanford University, Netflix, New York University, Engage, Florida —, Fair Labor, Employers Locations: Florida
Former Canadian fashion mogul Peter Nygard was sentenced Monday in a Toronto courtroom to 11 years in prison for sexually assaulting four women. Nygard was found guilty of four counts of sexual assault in November but acquitted of a fifth count as well as one count of forcible confinement. He faces separate sexual assault and sex trafficking charges in Montreal, Winnipeg and the United States. All five women said their meetings or interactions with Nygard ended with sexual activity that they did not consent to. John Aquino/WWD/Penske Media/Getty Images/FileNygard founded a fashion company in Winnipeg, Manitoba, in 1967 that ultimately became Nygard International.
Persons: Peter Nygard, Robert Goldstein, Nygard, Goldstein, ” Nygard, John Aquino, David Lametti Organizations: Penske Media, Nygard International, U.S, FBI Locations: Canadian, Toronto, Montreal, Winnipeg, United States, Winnipeg , Manitoba, Canada, New York City, New York, Manitoba’s
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