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☆ This is the key group of stocks to watch if the port strike drags on this month
▼ + stars: | 2024-10-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A look back in history shows how a key group of transportation stocks performed the last time there was a major port strike, according to Wolfe Research. Against that backdrop, Scott Group, a senior analyst covering freight transportation at Wolfe, looked at transportation stocks in 2002, the last time there was a major port strike in the U.S. That strike, which lasted just 11 days and affected only West Coast ports, hurt transportation stocks throughout the protest, he said. But those same stocks staged a major comeback in the month after the strike ended. Here are how some key stocks performed during and after the last major strike. Robinson Worldwide was among the biggest laggards during the last port strike.

Persons: Wolfe, Joe Biden, Taft, Hartley, C.H, Robinson, It's Organizations: Wolfe Research, International Longshoremen's Association, Eastern Seaboard, Scott Group, ISI, Hunt Transport Services, FedEx, Norfolk Locations: North America, of Mexico, Eastern, Wolfe, U.S, West Coast, Norfolk Southern

☆ I'm a Microsoft manager. AI saves me time on some tasks, but that doesn't mean I work any less.
▼ + stars: | 2024-10-01 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

A 37-year-old manager at Microsoft says AI has changed his workflow. I still have a full workloadWhile AI has definitely helped with skipping mundane tasks, that's not exactly what my team's work is focused on. Whatever time I'm getting back from leveraging AI, I'm using it for some other work. Once the developers start writing code for these projects and do the actual work, that's where we leverage AI. So that's why developers are using AI wherever they can to reduce their time, but they are using any time saved for other tasks or other features.

Persons: —, Santhosh Reddy, ChatGPT, I've, It's, I'm, it's Organizations: Microsoft, Service, Google Locations: OpenAI

Shortly after announcing North American tour dates, the band said it will not be participating in dynamic pricing. Dynamic pricing occurs when a ticket seller adjusts the cost of a ticket in real time based on live demand. The band's announcement comes after the U.K. government scrutinized Ticketmaster and its dynamic pricing model in relation to the sale of Oasis concert tickets. Some music fans feel that fandom and devotion should be considered when granting ticket sale access. Oasis said in a news release that it plans to take the tour to "other continents outside of Europe and North America later next year."

Persons: they’ve, Taylor, Department’s, Liam, Noel Gallagher, Presale, Oasis Organizations: North, North American, Ticketmaster, Oasis, Markets Authority, Justice Department, North America Locations: North America, Ireland, U.S, Paris, Toronto, Chicago, Los Angeles, Mexico City, East Rutherford , New Jersey, Europe, North

☆ Gigi Hadid walks the runway in a DHL packing tape mini dress
▼ + stars: | 2024-09-30 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —First Rihanna’s bathrobe, now Gigi Hadid’s DHL tape dress — it seems that luxury fashion is looking right under our noses (or at least inside our houses) for inspiration. On Friday, Hadid walked in the Vetements show during Paris Fashion Week wrapped tightly in a roll of yellow and red DHL-branded packing tape. The adhesive tool was styled into a strapless mini dress, while two heeled pumps were wrapped in the same tape to match. The tape dress was paired with two heeled pumps similarly covered in the branded adhesive. In 2011, Iowa State University staged its first annual duct tape fashion show — covered by the New York Times — only permitting designs that were made entirely from the hardware store staple.

Persons: Gigi Hadid’s, Hadid, ”, Raf Simmons, Jeremy Scott, Kim Kardashian, Vanessa Friedman, Kardashian, Vittorio Zunino Celotto, Vesta Stoudt, Kitty, Lady Gaga Organizations: CNN, Gigi Hadid’s DHL, Paris, DHL, FedEx, New York Times, Iowa State University Locations: Paris —, American

☆ Trump leads, and his party follows, on vaccine skepticism
▼ + stars: | 2024-09-30 | by ( Darius Tahir | Kff Health News | ) edition.cnn.com time to read: +10 min

Campaign spokespeople have previously said that pledge would apply only to schools with covid mandates. And skepticism about covid vaccines is blossoming into suspicion of vaccines generally among that group, he said. “It follows from this rebellion against the covid vaccine mandates.”Vaccine opposition has divided the GOP. “You suffered the consequences.”Onder “has never done covid vaccine research” and opposes covid vaccine mandates, his campaign manager, Charley Lovett, told KFF Health News. It also calls for enshrining a patient’s ability to opt out of vaccine mandates in the state’s Bill of Rights.

Persons: Donald Trump’s, what’s, Republicans don’t, ” Trump, Trump, Matt Motta, —, Robert F, Kennedy Jr, Tucker Carlson, Kennedy, “, Judith Winston, Obama, ” Winston, Tom Frieden, ”, Robert Blendon, Ron DeSantis, Bob Onder, ” Onder “, Charley Lovett, Lovett, Onder “, Onder, Wise, Bill Gates, ” Wise, Roger Severino, Severino, Lawrence Gostin, Dr, Sanjay Gupta, Kevin Roberts, JD Vance —, Roberts Organizations: Health, Republican, Trump, Republicans, KFF Health, Politico, Boston University, Texas GOP, Fox News, NIH, CDC, Department of Education, Centers for Disease Control, ”, World Health Organization, Republican Party, GOP, Florida Gov, Congress, AstraZeneca, Facebook, Texans, Vaccine, Rights, Department of Health, Human Services ’, Civil Rights, Heritage Foundation, Georgetown University, Get CNN, CNN Health, Heritage, KFF Locations: statehouses, Texas, New Jersey, Oregon, U.S, Wyoming, Missouri

☆ Disney lands an upgrade — plus, why we're considering adding to this laggard stock
▼ + stars: | 2024-09-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Don't overlook Disney : Shares of Club name Disney have quietly put together a solid September, up about 6% in the month. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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.

Persons: Jim Cramer, Jerome Powell, Powell, we've, Jim Cramer's, Coterra, McCormick, We'll, Jim Organizations: CNBC, Federal, National Association for Business Economics, Disney, Seaport Research, Seaport, Energy, Coterra Energy, Jim Cramer's Charitable Trust, Jim Cramer's Charitable Locations: Nashville

☆ The stock market is headed for a 10% correction as the job market slows and inflation stays sticky, Stifel stock chief says
▼ + stars: | 2024-09-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The bank's stock-strategy chief pointed to the slowing job market and the potential for sticky inflation. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe stock market could be headed into an end-of-the-year correction, according to Stifel's Barry Bannister. The slowing job market has already caught the attention of investors, who are watching for signs of continued economic weakness. "It's very hard to justify getting below 3% without a slowdown," Bannister said of interest rates.

Persons: Stifel's Barry Bannister, —, " Bannister, Bannister Organizations: Service, CNBC, Conference, Challenger, Investors, Investor

☆ Michigan nuclear plant finalizes federal loan to support first reactor restart in U.S. history
▼ + stars: | 2024-09-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The Palisades nuclear plant in Michigan has closed a $1.5 billion loan to support the first reactor restart in U.S. history, the Department of Energy announced Monday. Palisades' owner, Holtec International, hopes to restart the plant in the fourth quarter of 2025, subject to approval by the U.S. Nuclear Regulatory Commission. Demand for nuclear power is growing as the U.S. seeks carbon-free energy to meet rising electricity demand while meeting its climate goals. In the case of Palisades, the power is spoken for by Wolverine Power Cooperative, a nonprofit that provides electricity to rural communities in Michigan. Palisades will support 600 jobs in Covert Township near Lake Michigan and provide enough power for 800,000 homes, Turk said.

Persons: Nick Culp, Holtec, Culp, David Turk, Turk Organizations: Department of Energy, Holtec, U.S . Nuclear Regulatory Commission, NRC, . Company, U.S . Palisades, Palisades, Constellation Energy, Microsoft, Wolverine Power Locations: Michigan, Jupiter , Florida, Palisades, U.S, Covert, Lake Michigan

☆ Stock market today: US indexes edge higher to records as Powell talks up strength of the economy
▼ + stars: | 2024-09-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Powell emphasized the economy's strength and recalibrated interest rate cut expectations. Investors are also eyeing key employment data releases this week for further market direction. All three major indexes moved higher in late trading following Powell's comments about the strength of the US economy. AdvertisementPowell's comments recalibrated interest rate cut expectations in the market. Here's where US indexes stood at the 4 p.m. closing bell on Monday:AdvertisementAside from Fed comments, investors are preparing for a wave of employment data this week.

Persons: Jerome Powell's, Powell, —, Jerome Powell Organizations: Service, Dow, Federal, National Association for Business Economics

☆ Oasis announce US tour dates
▼ + stars: | 2024-09-30 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —To borrow from one of their song titles, Oasis has decided to “Acquiesce” to their North American fans who want to get in on their reunion tour. The British rock band has announced an expansion of their 2025 tour, which now includes dates in the US. “Ticketmaster’s dynamic pricing model will not be applied to the forthcoming sale of tickets to Oasis concerts in North America,” a statement from the band’s management shared on Instgagram reads. Presale registration for the North American tour is currently available on Oasis’ website until Tuesday at 8 a.m ET, while the general ticket sale will begin at noon Friday local time. The band plans to also tour outside of Europe and North America.

Persons: Oasis, ”, Liam, Noel Gallagher, Christopher Furlong Organizations: CNN, North, Oasis, Rogers, Ireland, Markets Authority, CMA, Ticketmaster, ” CNN, North American Locations: British, America, Toronto , Ontario, Chicago , Illinois, East Rutherford , New Jersey, Los Angeles , California, Mexico City, Mexico, North America, Manchester, England, Europe

☆ JD Vance has broken through during the 2024 campaign in all the wrong ways
▼ + stars: | 2024-09-30 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Sen. JD Vance is one of the least-liked major vice presidential candidates in recent memory. Tim Walz in the first and only vice presidential debate. He'll get that chance on Tuesday night when the Republican vice presidential nominee debates Gov. Vice presidential candidates are traditionally near after-thoughts in the presidential race. After being anointed former President Donald Trump's MAGA heir apparent during a triumphant convention, Vance has become the least popular vice presidential nominee in recent memory.

Persons: Sen, JD Vance, Vance, Tim Walz, It's, —, He'll, Mike Pence's, Vance hasn't, Donald Trump's MAGA, Sarah Palin, Trump, Joel Goldstein, Trump's Trump, Taylor Swift, hasn't, Harris, Debbie Walsh, Kamala Harris, Walz, Donald Trump, Goldstein, Bradley Tusk, FiveThirtyEight, Palin, hyperpartisanship, He's Organizations: Gov, Service, Republican, Democratic, Center for American Women, Business, Trump, CNBC, Saint Louis University law, Venture Partners, Convention Locations: Ohio, Philadelphia, Springfield , Ohio, Alaska

Universal Music Group, Sony Music Entertainment and Warner Music Group sued the AI music companies Uncharted Labs and Suno this summer over software that allows users to create music from text prompts, alleging that copyrighted songs have been used without permission to train the AI. Websites like Sound Draw, Musicfy, AIVA and Boomy allow users to easily create music with AI using different inputs. AI music companies say the new ease of use allows users who might not have previously been able to easily create music to generate their own content. this is so cool.”In Denver, Speer led a course on AI music tools using Boomy for young musicians. Some of the local artists who performed at Youth on Record’s festival support integrating AI technology into music education and production.

Persons: Billie Eilish, Stevie Wonder, Nicki Minaj, ’, ”, Cassie Speer, “, ” Speer, they’re, we’ll, Musicfy, Grimes, Speer, Regi Worles, Worles, Mitchell, Boomy, Michael Merola, Michael, Genevieve Libien Organizations: BBL, Universal Music Group, Sony Music Entertainment, Warner Music Group, Labs, Universal Music, NBC, Arts Education Data, ”, Hollywood, Associated Press Locations: NBCUniversal, Boomy, U.S, Canadian, Denver, Tennessee

☆ James Corden says he tried taking Ozempic to lose weight, but 'it didn't really work.' Here's why it isn't for everyone.
▼ + stars: | 2024-09-29 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

James Corden said Ozempic didn't help him lose weight because he doesn't eat only when he's hungry. But Ozempic doesn't address the root cause of eating behaviors nor change them, experts say. "I tried Ozempic, and it won't be surprising to you when you look at me now, that it didn't really work," he said, per People. AdvertisementOzempic doesn't address the root cause of eating behaviors nor change themFor those who have a more complex relationship with food and maybe struggle with emotional eating, Ozempic might not be the answer. "Emotional eating is a complex behavior that often has little to do with physical hunger cues.

Persons: James Corden, Ozempic didn't, —, who's, Brianna Paruolo, Paruolo, semaglutide, Sarah Boss, Boss, Stephen Powis, I'm Organizations: Service, National Health Service Locations: British, New York, England

☆ Sam Altman says learning AI will keep humans employed. Here's why else the robots might not take your job.
▼ + stars: | 2024-09-29 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

OpenAI CEO Sam Altman advises students to learn AI to stay relevant in the job market. An Indeed study found that 2,800 work skills are "very unlikely" to be replaced by generative AI. "People would say the same things — many of the same things — they say about AI now," he said. Humans have a lot of skillsAnother point for the don't-worry camp came from a new Indeed study identifying more than 2,800 work skills. AdvertisementKids are still learning to codeIt seems worries about an AI job-pocalypse aren't deterring some people from going big on tech, as Altman advises.

Persons: Sam Altman, Vinod Khosla's, —, There's, they've, Altman, Chris Hyams, Vinod Khosla, Svenja, Gudell, it's, Khosla, Indeed's Gudell, there's, Edward Kim, coders Kim, aren't, Kim, It's, " Altman Organizations: Service, GenAI, Sun Microsystems, BI Locations: Silicon Valley, execs, OpenAI, Canada

☆ Why not everyone is on board with a government crackdown on deceptive online AI products
▼ + stars: | 2024-09-29 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The FTC is targeting companies that use AI tools or make claims about AI for deceptive practices. The crackdown includes firms that sell AI tools for fake reviews or misleading services. AdvertisementThe Federal Trade Commission is cracking down on companies selling AI tools that it says harm consumers. One company claimed to sell AI "lawyer" services, and multiple companies deceptively claimed to sell AI tools to help build online stores. Related storiesAs annoying as fake reviews can be, not everyone is on board with the FTC crackdown.

Persons: —, Neil Chilson, Chilson, Melissa Holyoak Organizations: FTC, Service, Federal Trade Commission, Abundance Institute, Bloomberg, Rytr, Commission

☆ I tried to stay close to my ex's family after my divorce. But when his sister died, I realized things had changed.
▼ + stars: | 2024-09-29 | by ( Margery Berger | ) www.businessinsider.com time to read: +7 min

But when my ex-sister-in-law Barbara died, I realized that things had changedSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMy sister-in-law died five years after her brother and I divorced, but in my mind, I was still married to the rest of the family. AdvertisementThough I was the ex-sister-in-law, I had loved Barbara like a sister, and in my mind, that made me family. I was not surprised that I was given the opportunity to go through Barbara's things, because I had tried to remain part of the family after I got divorced five years earlier. Best of all, they always introduced me to people as their sister, and I felt like family.

Persons: Barbara, —, Margery Berger Organizations: Service, Netflix Locations: Maine

For Love & Money is a column from Business Insider answering your relationship and money questions. Write to For Love & Money using this Google form. I imagine your wife doesn't view it as a tragedy. If you can't live this way, then something has to change, and your wife must open her heart to this. Write to For Love & Money using this Google form .

Persons: —, she's, it's, we're, I've, you'll, doesn't Organizations: Business, Service

☆ Elon Musk once described his past immigration status as a ‘gray area’
▼ + stars: | 2024-09-29 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +32 min

So we just rented the office, and slept in the office, and showered at the YMCA,” Elon Musk recalled, drawing laughs from the crowd. “When they did fund us,” Kimbal Musk recalled, “they realized that we were illegal immigrants.”“Well…” Elon Musk interjected. Video of the remarks shows Elon Musk laughing as he jumped in with a different interpretation: “I’d say it was a gray area.”He didn’t elaborate, and it’s unclear what Elon Musk meant by that characterization. Elon Musk, wearing a black Stetson hat, livestreams while visiting the US-Mexico border in Eagle Pass, Texas, on September 28, 2023. Then-President Donald Trump greets Elon Musk before a policy and strategy forum with executives at the White House in February 2017.

Persons: ” Elon Musk, “, Musk, ”, Donald Trump, Biden, It’s, —, Kimbal, ’ Elon Musk, he’s, X, He’s, Walter Isaacson’s, they’ve, Elon Musk, Jeff Skoll, Fred Prouser, ” Kimbal Musk, Elon, haven’t, Ashlee Vance’s, Greg Kouri, can’t, Maye, Charles Kuck, Kuck, Jennifer Minear, That’s, ” Kuck, Alain Jocard, Kimbal Musk, Tesla, Zip2, he’d, Kevin McCarthy, Alex Brandon, it’s, Hunter Swanson, Grace, Swanson, “ They’re, ” Swanson, ” Minear, Minear, Philip Pacheco, Ron Ozio, hadn’t, Vance, CNN there’s, Affairs Julie Greicius, Rajshree Agarwal, Ed Snider, ” Agarwal, Peter Thiel, Paul Sakuma, Agarwal, …, that’s, Elon Musk’s, who’s, hasn’t, Bayar, Zachary Mueller, ” Mueller, I’m, Don Lemon, Mueller, there’s, Stetson, Critics, John Moore, David Bier, ” Bier, Bier, Trump, he's, he'd, Brendan Smialowski, Joe Wilson, ” Wilson, Medina County Sheriff Randy Brown, Elon Musk's, We’re, Daniel Becerril, Reuters Elon Musk hasn’t Organizations: CNN, Twitter, University of Pennsylvania, Tesla Motors, SpaceX, Forbes, Stanford, Kimbal, Milken Institute Global Conference, Reuters, YMCA, Milken, YouTube, Los Angeles Times, US, Immigration Services, American Immigration Lawyers Association, Getty, Tesla, Kennedy Space Center, Center for International Education, Washington, Lee University, Elon, Center for, Learning, Penn, Minear, Materials, Engineering, ” Stanford, Communications, Affairs, American Immigration, Association, Ed Snider Center for Enterprise, University of Maryland, PayPal, eBay, Compaq, University of Washington, America’s, Democratic, Trump, CATO Institute, White, Medina County Sheriff, Fox, Fox News, Polaris Locations: Mexico, United States, Eagle Pass , Texas, Pretoria, South Africa, Canada, Canadian, Palo Alto , California, Beverly Hills , California, Angeles County, U.S, Atlanta, AFP, America, Zip2, California, Cape Canaveral , Florida, Virginia, Washington, Arizona, South Carolina, Medina County, Eagle, , Texas, Rio Grande

☆ A world-champion quant trader with a 491% annual return shares an easy pattern that's profitable in 72% of test samples and can be manually executed
▼ + stars: | 2024-09-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

He's a quant fund manager who uses hundreds of models to execute trades across multiple assets. And he's good at what he does: in the 2023 World Cup Championship of Futures Trading, Scherman finished first with a 491.4% return, according to competition records. I was trading in the Argentina market," Scherman said. This is because a trader can't predict the next market regime and must prove that their thesis can survive changes. "I need to have the capital to recover from that loss," Scherman said.

Persons: Ivan Scherman, —, Scherman, hadn't, David Aronson, shouldn't, it's Organizations: Futures, Service, New York Stock Exchange, Chicago Mercantile Exchange, University of Buenos, Argentine Financial Markets Institute Locations: Buenos Aires, Argentina, University of Buenos Aires

☆ Buffalo Wild Wings is still fighting in court to prove its boneless wings aren't just 'chicken nuggets'
▼ + stars: | 2024-09-28 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

Buffalo Wild Wings is defending its "boneless wings" in court against deceptive marketing claims. Buffalo Wild Wings argue it is 'common sense' that they are not actually wings, citing another case. AdvertisementBuffalo Wild Wings has been fighting in court for over a year to prove that its "boneless wings" aren't just chicken nuggets. In court papers, lawyers for Halim argue that the boneless wings are "more akin in composition to a chicken nugget rather than a chicken wing." Buffalo Wild Wings did not immediately respond to a request for comment about the lawsuit filings.

Persons: —, Aimen Halim, Halim, Tom's, Bill Marler, Marler Organizations: Buffalo Wild Wings, Service, Buffalo, Wings, Ohio Supreme, REKM Locations: Ohio

When my dad died, I realized life insurance was a priority, but it doesn't cover everything I need. After that ordeal, I decided to up my life insurance to ensure that my family wouldn't face the same troubles if I died unexpectedly. It was important to me that — on top of paying funeral costs — my life insurance policy also covered our home's mortgage. Unlike critical illness insurance, cancer insurance only covers costs associated with cancer. While different health insurance plans offer different treatment coverages, Aflac's cancer insurance offers supplemental coverage that covers several treatment options.

Persons: I'm, doesn't, Samantha Chavarria Samantha Chavarria, she's, Read Organizations: Cancer, Aflac, Ambulance, Houstonia, Twitter Locations: Latina, Houston

☆ Dollar drifts, risk-sensitive currencies lifted by China optimism
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +4 min

The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. "This suggests a more cautious approach to interest rate cuts, prioritizing a balance between the Fed's employment mandate and keeping an eye on inflation risks." The risk-sensitive Australian and New Zealand dollars also held near multi-year highs due to China stimulus plans. AUD/On Thursday, China's leaders pledged to support the struggling economy through "forceful" interest rate cuts and adjustments to fiscal and monetary policies, stoking expectations for more stimulus.

Persons: Ryan Brandham, Sterling, China's Organizations: Federal Reserve, North America, Validus Risk, New, Communist Party, ING Locations: U.S, China, New Zealand

☆ A super-rare bullish signal with a perfect track record just flashed in the stock market, suggesting another year of record highs
▼ + stars: | 2024-09-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A rare bullish signal with a perfect track record flashed in the stock market this week. This signal has flashed 28 times since 1962, with the S&P 500 averaging 15% returns one-year later. AdvertisementAn ultra-rare bullish signal with a perfect track record flashed in the stock market this week, suggesting another year of record highs ahead. Advertisement"Similar improvements in market breadth resulted in a 96% win rate over the following year," Christians said in a note to clients on Tuesday. But the signal has a perfect win rate when it flashes while the stock market is at or near record highs, as it did this week.

Persons: —, McClellan, SentimenTrader, Dean Christians, that's Organizations: Service

☆ Gold, silver head for weekly gains on U.S. rate-cut momentum
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +2 min

Gold and silver prices retreated on Friday from record highs, but were positioned for weekly gains on growing anticipation of another bumper U.S. interest rate cut this year, as markets awaited a key inflation report for additional guidance. Gold and silver prices retreated on Friday from record highs, but were positioned for weekly gains on growing anticipation of another bumper U.S. interest rate cut this year, as markets awaited a key inflation report for additional guidance. Silver prices surged due to bullion's strong performance and China's stimulus measures, though some analysts warn that the rally may fade due to concerns over industrial demand. The Federal Reserve's larger-than-usual half-percentage-point reduction last week ignited a rally in gold, which hit consecutive record highs and has gained about 1.8% so far this week. Gold prices are currently supported by anticipated U.S. Fed interest rate cuts and China's stimulus measures, both of them are weakening the dollar, said Kyle Rodda, financial market analyst at Capital.com.

Persons: Kyle Rodda Organizations: FedWatch, U.S, BMI Locations: U.S

☆ 4 steps workers should take when their companies announce 5-day RTO, according to an employment lawyer
▼ + stars: | 2024-09-27 | by ( Jane Zhang | ) www.businessinsider.com time to read: +8 min

Companies requiring 5-day RTO will lose valuable employees, says Craig Levey, an employment lawyer. Levey lays out four steps employees can take if their company announces an RTO policy. Here are the steps I'd take if a client came to me about their company switching to a five-day RTO policy:1. Related storiesWell-written employment agreements will include a clause providing the employer with the flexibility the amend any and all terms. But if you have some leverage, you can negotiate into your employment agreement that you're going to be working remote or hybrid.

Persons: Craig Levey, Levey, —, doesn't, you've, they'll, haven't, Jane Zhang Organizations: Service, Bennett, Belfort, Starbucks, Disabilities, Opportunity Commission Locations: P.C, Cambridge , Massachusetts, Newport, Seattle

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