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☆ These are the top 4 Club stocks — and the bottom 4 — during the third quarter
▼ + stars: | 2023-09-30 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +11 min

Here's a look at the top four and bottom four Club stocks in the third quarter as Wall Street gears up for the first trading day of the fourth quarter on Monday. The winners LLY mountain 2023-06-30 Eli Lilly's stock performance in the third quarter. CAT mountain 2023-06-30 Caterpillar's stock performance in the third quarter. F mountain 2023-06-30 Ford Motor's stock performance since the end of the second quarter. In the first few weeks of the quarter, shares of the medical equipment giant actually edged higher, but its fortunes would turn significantly.

Persons: —, Eli Lilly, Eli Lilly's, Lilly, Wegovy —, Microsoft's, Locker, Mary, Jim Cramer, Dillon, Estee Lauder, we're, Fabrizio Freda, Stellantis, Ford, Jim, we've, there's, Foot Locker, GE Healthcare's, Jim Cramer's, Frederick Florin Organizations: Federal Reserve, Dow Jones, Nasdaq, Dow, Novo Nordisk, Investors, Caterpillar, Natural Resources, West Texas, Google, Microsoft, FL, Ford, United Auto Workers, UAW, General Motors, Detroit, GM, GE, GE Healthcare, CNBC, AFP, Getty Locations: U.S, WTI, Asia, Illinois, Estee Lauder, GOOGL, Fegersheim, France

☆ Global stock index gains while Treasury yields, dollar dip after inflation data
▼ + stars: | 2023-09-29 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. "The big fear has been that we may not be at peak interest rates and that we may still be grappling with inflation. "The result is that interest rates are down across the U.S. Treasury yield curve. U.S. Treasury yields slid after the inflation reading with benchmark 10-year notes down 7.1 basis points to 4.526%, from 4.597% late on Thursday. Earlier it had ticked higher with help from the retreating dollar and Treasury yields after the inflation data, but bullion was still on track for monthly and quarterly declines on prospects of higher U.S. interest rates.

Persons: Brendan McDermid, Brian Levitt, Sterling, Brent, Sinéad Carew, Naomi Rovnick, Ankur Banerjee, Alexander Smith, Anil D'Silva, Barbara Lewis, Andrew Heavens Organizations: New York Stock Exchange, REUTERS, Treasury, Federal, U.S, Traders, Dow Jones, Nasdaq, Thomson Locations: New York City, U.S, Europe, United, China, New York, London, Singapore

☆ Stocks making the biggest moves before the bell: Nike, Blue Apron, Bumble and more
▼ + stars: | 2023-09-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. Nike — The sneaker behemoth added nearly 10% in premarket trading after a mixed earnings report. Brinker International — The Chili's parent climbed 4% after Stifel upgraded the stock to buy from hold. Editas Medicine — The genome editing company popped 9% in premarket trading following a Stifel upgrade to buy from hold. Ball — Shares added 1.7% in premarket trading after the aluminum-can maker was upgraded by Jeffries to buy from hold.

Persons: Brinker, Stifel, Jeffries, —, Northcoast, CNBC's Brian Evans, Pia Singh, Jesse Pound, Michelle Fox Organizations: Nike, Opry, LSEG, Uranium Energy, Wonder Group, Anheuser, Busch InBev —, Bank of America, Stifel, KFC, Research Locations: Nashville , Tennessee, Olive

REUTERS/Florence Lo/Illustration/File photo Acquire Licensing RightsLONDON, Sept 27 (Reuters) - China's appetite for base metal imports appears to be growing. FROM RUSSIA WITH LOVEChina's imports of primary aluminium surged to a near two-year high of 153,000 metric tons in August, bringing the year-to-date count to 755,000 metric tons. SLOW COPPER BOAT TO SHANGHAIRefined copper imports were 340,000 metric tons in August, the highest monthly tally this year. The country's refined zinc trade has reverted to net imports this year but volumes remain modest by historical standards. SHIFTING THE NICKEL MIXThere has been no pick-up in China's imports of refined nickel.

Persons: Florence Lo, they've, They've, China's, David Holmes Organizations: REUTERS, Shanghai Futures Exchange, London Metal Exchange, LOVE, Malaysian, New, Democratic, China's CMOC, Reuters, Thomson Locations: China, contango, Shanghai, RUSSIA, U.S, New Zealand, SHANGHAI, Democratic Republic of Congo, DRC, Indonesia

☆ Jim Cramer says off-price retailer TJX is still a buy even after crushing the market over the past 12 months
▼ + stars: | 2023-09-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

A shopper carries a bag outside a TJ Maxx store in New York, U.S.TJX Companies (TJX) is a stock worth buying here, CNBC's Jim Cramer said Thursday. While this dynamic may also benefit rivals Ross Stores (ROST) and Burlington (BURL), Cramer said he believes TJX is the clear winner in the category. "I think people should buy the stock," Cramer said on "Squawk on the Street." Over the past 12 months, the stock has climbed more than 40%, significantly outperforming the S&P 500 over that stretch. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free.

Persons: CNBC's Jim Cramer, Cramer, TJX, Jim Cramer's, Matt Boss Organizations: TJ Maxx, TJX, Marshalls, Ross Stores, Burlington, Trust, CNBC, JPMorgan Locations: New York, U.S, Maxx, TJX

☆ Dollar eases from 10-month high but on track for weekly gain
▼ + stars: | 2023-09-28 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar index eased from a 10-month high on Thursday but remained on track for a weekly gain, and investors stayed on guard for potential intervention in the yen as it holds near 11-month lows against the U.S. currency. "The dollar in this environment is benefiting from both higher yields but also more jittery risk sentiment," said Vassili Serebriakov, an FX strategist at UBS in New York. "Global yields are rising, but with the U.S. economy outperforming the U.S. dollar still looks attractive." Finance Minister Shunichi Suzuki said on Thursday that Japan would not rule out any options if there was any excessive volatility in currency moves, warning against speculative yen moves amid the currency's fall. The dollar was last down 0.27% against the Japanese currency at 149.23 yen, easing from an 11-month high of 149.71 on Wednesday.

Persons: Vassili Serebriakov, Lee Hardman, Hardman, Austan Goolsbee, Jerome Powell, Shunichi Suzuki Organizations: U.S, Federal Reserve, UBS, ., MUFG, Chicago Fed, Finance Locations: U.S, New York, Europe, Japan

☆ This little-known maker of mountain bike parts has a history of outperforming during recessions
▼ + stars: | 2023-09-27 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Fox Factory is known for making a wide range of products used in everything from bikes to off-road vehicles to trucks. "But at the same time, that's actually the consumer that's most resilient. The higher-income and enthusiastic consumer Analysts highlighted two qualities in Fox's consumer base that help the company weather a broader economic downturn. The company's "sticky" consumer base caught the attention of Motley Fool Asset Management's Shelby McFaddin, whose Small-Cap Growth ETF (TMFS) contains the stock. It's the largest competitor in the business of bike suspensions, which are typically used on mountain bikes to help mitigate rough terrain.

Persons: Riley, Anna Glaessgen, that's, they're, Michael Swartz, shutdowns, Riley's Glaessgen, Fox, Shelby McFaddin, McFaddin, Glaessgen, Truist's Swartz, Swartz, it's Organizations: Fox Factory, Growth, Consumers, Fox, Street, Ford, United Auto Workers, UAW

☆ Costco delivers a strong quarter, and we see two catalysts ahead that could boost the stock
▼ + stars: | 2023-09-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Total revenue for the reported quarter increased 9% year over year to $78.94 billion, beating analysts' expectations of $77.9 billion, according to estimates compiled by LSEG, formerly known as Refinitiv. COST YTD mountain Costco YTD Bottom line It was another good quarter down from Costco, as its leadership on price continues to drive people to its stores. Meanwhile, Costco has virtually been unaffected by the inventory and theft troubles facing the industry, a sign of operational excellence. Costco's reported gross margins, excluding membership fees (which flow directly into profits), expanded 42 basis points from last year to 10.6%. Core merchandise was a 51-basis-point improvement on a reported basis and 28-basis-point improvement excluding the decline in the price of gasoline from the year-ago period.

Persons: Tuesday's, it's, Costco's, Richard Galanti, Galanti, they've, Jim Cramer's, Jim Cramer, Jim, Gary Hershorn Organizations: Costco Wholesale, Costco, LSEG, Walmart, CNBC, People, Corbis, Getty Locations: United States, Costco, U.S, Canada, Bayonne , New Jersey

☆ Costco tops quarterly earnings expectations, even as sales remain soft
▼ + stars: | 2023-09-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Costco on Tuesday reported quarterly earnings that topped Wall Street's expectations, as shoppers turned to the membership club for groceries but bought fewer big-ticket items. As of the end quarter, Costco had 32.3 million paid executive memberships, an increase of 981,000 since the end of the prior quarter. Those higher-tier members now account for slightly over 45% of all paid membership, Galanti said. Costco echoed a trend seen at rival retailers, including Walmart and Target : Groceries are the category driving sales. In the year-ago fiscal fourth quarter, comparable sales rose 15.8% in the U.S., but since then they have largely decelerated.

Persons: Richard Galanti, Galanti Organizations: Costco, Walmart, Sam's, BJ's Wholesale Locations: U.S, LSEG, —, Puerto Rico, Canada, China, Japan, Australia

☆ 'Mispriced' stocks like this solar name are too attractive to ignore, Bank of America says
▼ + stars: | 2023-09-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Earlier this week, however, the bank lifted its rating to buy from neutral, saying ESAB is too attractive to ignore. "In our view, ESAB is a mispriced asset and the discount to peers is likely to narrow with the upcoming [December] Investor Day as a catalyst," El-Sabbahy wrote. First Solar Analyst Julien Dumoulin-Smith is getting increasingly bullish on shares of the solar company. ESAB "ESAB is executing better than expected (leverage falling, margin expanding, growth outperforming) and we have a renewed appreciation of its portfolio. In our view, ESAB is a mispriced asset and the discount to peers is likely to narrow with the upcoming [December] Investor Day as a catalyst."

Persons: ESAB, Sherif El, Sabbahy, Julien Dumoulin, Smith, BofA, FSLR, Didier Scemama, ASML, Scemama, mgmt, RMD Organizations: of America, CNBC Locations: Swedish, GLP

☆ Investors are jumping into this bond ETF that has protection against rising rates and yields over 8%
▼ + stars: | 2023-09-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

That appears to be pushing investors into an exchange-traded fund with some built-in cushion against higher rates. The fund buys and holds loans made by banks and other financial institutions, which often have floating interest rates. For comparison, the iShares 3-7 Year Treasury Bond ETF (IEI) has a total return of about -0.2%. The Vanguard Total Corporate Bond ETF (VTC) has a total return of less than 1% year to date. If the Fed were to cut rates, the BKLN would likely underperform and see its payouts decrease.

Persons: isn't Organizations: SEC, Treasury Bond ETF, Corporate Bond, Treasury

☆ UBS says buy this website builder stock with more than 40% upside
▼ + stars: | 2023-09-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

A hefty product suite and rising brand awareness could propel Squarespace shares, according to UBS. The investment bank initiated coverage of Squarespace with a buy rating accompanied by a price target of $40 per share. Analyst Chris Kuntarich highlighted Squarespace's suite of content-generation AI products as a driver behind near-term subscriber monetization and long-term subscriber growth. Shares of the website builder have gained 24% this year, outperforming the S & P 500's 12.8% advance in that time. SQSP YTD mountain SQSP ytd chart — Michael Bloom contributed to this report

Persons: Chris Kuntarich, Kuntarich, SQSP, they've, Michael Bloom Organizations: UBS, Google

☆ Elon Musk, Mark Zuckerberg, and Jeff Bezos have topped a list of mega-billionaires enjoying an eye-watering wealth jump in 2023
▼ + stars: | 2023-09-22 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Elon Musk, Mark Zuckerberg, and Jeff Bezos have topped a list of billionaires who saw the biggest wealth increases in 2023. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Musk saw the steepest jump in net worth with a $99 billion increase to $236 billion, cementing his position as the world's richest person. 2 on the list of wealth gainers, with a $61.9 billion increase in his riches to $108 billion. Nvidia CEO Huang's wealth surged by $22.2 billion in 2023 as the chipmaker's stock rocketed 187%, outperforming every other stock in the S&P 500 index.

Persons: Elon Musk, Mark Zuckerberg, Jeff Bezos, Nvidia's Jensen Huang, Larry Page, Sergey Brin, Musk, Zuckerberg, Larry Ellison, Steve Ballmer, Michael Dell, Amancio Ortega, Ortega Organizations: Bloomberg, Google, Service, Meta, Nvidia Locations: Wall, Silicon

☆ Goldman Sachs analyzed 5,000 IPOs from the past 25 years and found the 2 characteristics new stocks share that indicate they will outperform the market
▼ + stars: | 2023-09-21 | by ( Mark Reeth | ) www.businessinsider.com time to read: +6 min

More than 400 initial public offerings took place between 2020 and 2021, as well as 810 SPACs, according to Goldman Sachs. "Indeed, the 2020-21 wave of IPOs had abysmal performance relative to history," Kostin wrote. Goldman SachsIt's not that the companies that went public during these years were necessarily bad investments, Kostin added. "Since 1995, IPOs pricing above the range have typically risen by 38% on their first trading day," Kostin wrote. With capital markets closed for nearly two years, unprofitable companies have been forced to fund operations by spending cash balances," Kostin wrote.

Persons: Goldman Sachs, SPACs, dodo, David Kostin, IPOs, Kostin, Russell, Goldman Sachs It's, you'd, Goldman Sachs Kostin

☆ CHART OF THE DAY: It's a risk-on environment for stocks based on this bond market signal
▼ + stars: | 2023-09-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The bond market just flashed a bullish signal that suggests a risk-on environment for stocks. The bullish signal is based on risky high-yield bonds outperforming relative to corporate bonds. The ratio between high-yield and corporate bond performance has exceeded its high set in February 2001, according to the chart. Bond market investors are usually the first group of investors to grow concerned about a deteriorating macro economic environment, well ahead of stock market investors. So as long as bond investors keep their cool, that should bode well for the broader stock market.

Persons: Stephen Suttmeier, Suttmeier, bode, Stocks Organizations: Bank of America, Service Locations: Wall, Silicon

☆ Austria taps Embraer's C-390 aircraft to replace retiring C-130 fleet
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Johanna Geron/File Photo Acquire Licensing RightsVIENNA/SAO PAULO, Sept 20 (Reuters) - Austria plans to replace its retiring C-130 Hercules fleet with Embraer's (EMBR3.SA) C-390 Millenium military transport aircraft, the country's Defence Minister Klaudia Tanner said on Wednesday. Austria is aiming to buy about four aircrafts and is negotiating with the Netherlands on a potential joint order, Tanner told a news conference. Aside from an order for 19 C-390 aircrafts from the Brazilian Air Force, Portugal has ordered five and Hungary has requested two. Analysts at JPMorgan calculated that including the prospective orders from Austria and The Netherlands, the aircraft's potential lifetime sales stand at 35 units, 28 of which are still to be delivered. Shares in Embraer rose 2.85% in early trading on the Brazilian stock exchange, outperforming the Bovespa stock index (.BVSP), which rose 0.8%.

Persons: Klaudia Tanner, Johanna Geron, Tanner, JPMorgan, Francois Murphy, Peter Frontini, Andrew Heavens Organizations: Austria's Defence, Foreign Affairs, Defence, REUTERS, Rights, SAO PAULO, country's Defence, Embraer, Brazilian Air Force, KC, JPMorgan, Sao Paulo, Thomson Locations: Ukraine, Brussels, Belgium, Rights VIENNA, Austria, Netherlands, Portugal, Hungary, Czech Republic, South Korea, India, Sweden, The Netherlands, Vienna, Sao

☆ China VCs have a big problem — and it’s not just a drop in U.S. investor appetite
▼ + stars: | 2023-09-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Among China-focused investment firms, only four U.S. dollar-denominated venture capital funds established between 2015 and 2020 have at least returned investors all the money they put in. Alternative assets include venture capital, but not publicly traded stocks and bonds. Preqin doesn't track every single China VC fund, and only included those with data as of the end of last year or more recently. In the world of early-stage investing, "limited partners" (typically institutions) give money to "general partners" (venture capital funds) to invest into startups. The outperforming funds were: Loyal Valley Capital Advantage Fund I, Hillhouse Fund II, Oceanpine USD Fund I and HighLight Capital USD Fund II.

Persons: Preqin, —, Reuben Lai, “, Reuben Lai Preqin, they'd, Alex Shum, Preqin's Lai, there's, Lai, Jinjian Zhang, Vitalbridge, Zhang Organizations: Nurphoto, Getty, ., China VC, CNBC, Fengshion, Investment Fund, LYFE Capital, GGV, BioTrack, U.S, Capital, II, Sequoia, Sequoia Capital China Growth Fund, TPG NewQuest Locations: Shenzhen, China, BEIJING, That's, Preqin, Greater China, Beijing, IPOs, Vitalbridge, Shanghai

☆ How NIL deals and brand sponsorships are helping college athletes make money
▼ + stars: | 2023-09-19 | by ( Dan Whateley | Margaret Fleming | ) www.businessinsider.com time to read: +11 min

College athletes make money by posting branded content on social media and attending events with fans. Read more about the flow of NIL money in college sportsThe remaining 20% comes from brand deals, per Opendorse. Men's basketball players make the most from brand deals, the company has found. Read more about how the company boosted social-media engagement by hiring college athletes from niche sports like golf and cheerleadingSome college athletes have become social media stars, especially female students. Reese is one of the most followed college athletes and has signed NIL deals with companies like Amazon, Airbnb, and Playstation.

Persons: influencers, Read, Phoenix Sproles, It's, Kristi Dosh, they're, USC's Bronny James, LSU's Olivia Dunne, Angel Reese, Paige Bueckers, Caitlin Clark, Flau'jae Johnson, Chase Griffin, outperforming, Bryce Adams, Opendorse, Braly Keller, Doug Edert, LSU's Reese, Reese, Matthew Hinton, Blake Lawrence, Colin Salao Organizations: Phoenix, BusinessofCollegeSports.com, University of Minnesota, Dinkytown, Power Five, UCLA, JPMorgan Chase, Chase Griffin Student, Buffalo Wild Wings, St, Peter's University, Amazon, PlayStation, AP, Nike, Adidas, Companies Locations: Ohio

REUTERS/Lee Jae-Won/File Photo Acquire Licensing RightsLONDON/SINGAPORE, Sept 18 (Reuters) - The U.S. dollar hovered near a six-month high on Monday as traders looked ahead to interest rate decisions this week from the Federal Reserve, the Bank of England and the Bank of Japan. the yen was up a similar amount at 147.69 to the dollar, with traders out for a Japanese public holiday. Traders were looking towards central bank decisions later in the week which could shake up the currency market. Investors expect the Federal Reserve to keep interest rates on hold in the 5.25% to 5.5% range on Wednesday. The European Central Bank raised interest rates to 4% last week, but said this hike could be its last.

Persons: Lee Jae, Alvin Tan, RBC's Tan, Kazuo Ueda, Ueda's, Carol Kong, Ueda, Sterling, BoE, Harry Robertson, Vidya Ranganathan, Lincoln, Bernadette Baum, Alexander Smith Organizations: REUTERS, U.S, Federal Reserve, Bank of England, Bank of Japan, Asia FX, RBC Capital Markets, Traders, Investors, Bank of, Commonwealth Bank of Australia, European Central Bank, Thomson Locations: Seoul, SINGAPORE, U.S, Asia, Europe, China, Bank of England, Ukraine, London, Singapore

☆ Wells Fargo upgrades L3Harris, says shares could benefit from a potential government shutdown
▼ + stars: | 2023-09-18 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Investors could benefit from the discount in L3Harris Technologies shares relative to its defense technology peers, according to Wells Fargo. L3Harris Technologies stock has slipped more than 17% from the start of the year. LHX YTD mountain L3Harris Technologies stock. The analyst added that estimates have likely bottomed for L3, and that a government shutdown has typically benefited defense stocks. In the same report, Akers also upgraded Lockheed Martin to equal weight from underweight, and left his price target at $440.

Persons: Wells, Matthew Akers, Akers, Lockheed Martin, Price, Northrop, Booz Allen Hamilton, Harris, — CNBC's Michael Bloom Organizations: L3Harris Technologies, Lockheed, General Dynamics, Northrop Grumman, Raytheon, Booz, CACI, Leidos Holdings, Citigroup Locations: Wells Fargo

☆ Here are Monday's biggest analyst calls: Arm, Carvana, Disney, Apple, Tesla, Skechers, Netflix & more
▼ + stars: | 2023-09-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Piper Sandler upgrades Skechers to overweight from neutral Piper said in its upgrade of the stock that it likes its balance sheet. Goldman Sachs reiterates Tesla as neutral Goldman cut its estimates on the stock and says it sees pricing heading lower. Mizuho upgrades DoorDash to buy from neutral Mizuho said in its upgrade of DoorDash that it's deserving of a re-rating. Wedbush upgrades Carvana to neutral from underperform Wedbush said in its upgrade of the stock that it sees profitability upside. Raymond James initiates Disney as outperform Raymond James said in its initiation of Disney that the stock is compelling.

Persons: TD Cowen, TENB, Piper Sandler, Piper, Goldman Sachs, Tesla, Goldman, Wells, Wedbush, Evercore, Raymond James, Ralph Lauren, Guggenheim, Morgan Stanley, Atkins, Bernstein, ASGN, underperform Bernstein, it's, YoY Organizations: Tenable Holdings, TAM, Tesla, Apple, Netflix, Northland, Mizuho, HSBC, Deutsche Bank, Micron, Deutsche, Barclays, Alliant Energy, EV, UBS, BioMarin Pharmaceutical, Iridium, NASDAQ, Disney, Bank of America, of America, Nvidia, Nike, NKE's 1Q, PayPal, Moffett Locations: Europe, Wisconsin, Iowa, US, Swedish, 2Q23

The pressure was all on DeSantis, who trails Trump in the Republican presidential primary by nearly 40 percentage points in most opinion polls, including among evangelical voters. Both candidates spoke at a pair of national summits convened by the Concerned Women of America and the Family Research Council, evangelical advocacy groups that support laws restricting abortion among other issues. At the Family Research Council event, DeSantis defended allowing churches to remain open in Florida during the COVID-19 pandemic, drawing cheers from the ballroom crowd. DeSantis also talked up Florida's law that bans abortion at six weeks, one of the most restrictive in the nation. Goss said he could be persuaded to vote for Trump again, but "he's got to get past all the legal things.

Persons: Donald Trump, Ron DeSantis, DeSantis, Trump, Tony Perkins, Trump's, Leah Millis, Rights Trump, Vivek Ramaswamy, Roe, Wade, Robert Goss, Goss, he's, Hannah Brusven, Brusven, John F, Kennedy, Gram Slattery, James Oliphant, Jason Lange, Colleen Jenkins, Howard Goller, Kim Coghill, Tom Hogue Organizations: Former U.S, Florida, Trump, Republican, Family Research, Florida Governor, Women, America, REUTERS, Rights, Reuters, U.S, Supreme, JFK, Democratic, Coalition, Iowa Faith, Thomson Locations: Former, Washington, America, Florida, Washington , U.S, Locust Dale , Virginia, Idaho, Iowa, Iowa , New Hampshire, South Carolina, Des Moines

☆ Auto strike could be speed bump for hard-driving US economy
▼ + stars: | 2023-09-15 | by ( Dan Burns | ) www.reuters.com time to read: +4 min

"While that amount is large in nominal dollar terms, it would not be large enough to tip the economy into recession. In the end, the impact of a such a strike would be modest compared to previous generations," Brusuelas said. Other economists offered comparable estimates of the potential drag from a prolonged strike by the Big Three's full union membership. A full-blown strike "could push U.S. payroll growth temporarily negative," Michael Pearce, lead U.S. economist at Oxford Economics, wrote on Wednesday. Pearce also estimated a full strike lasting a month could cut U.S. auto output by nearly a third, much as it did during the 1998 strike.

Persons: Rebecca Cook, Detroit's, Joe Brusuelas, Brusuelas, Michael Pearce, Pearce, Dan Burns, Deepa Babington Organizations: UAW, General Motors Detroit, Hamtramck, REUTERS, General Motors, Ford, United Auto Workers, RSM, Big, Federal Reserve, Oxford Economics, Labor, payrolls, Thomson Locations: Hamtramck , Michigan, U.S

☆ Morning Bid: Autoworkers' walkout to test resilience of US economy
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

Brighter data from China meanwhile has helped lift sentiment across global markets, except for China, heading into the weekend. While Japan's Nikkei (.N225) rose 1% and European shares opened higher (.STOXX), China shares reversed earlier gains (.CSI300). European markets continued to cheer the likely end of the European Central Bank's rate hiking cycle. And even if the ECB suggested rates would stay higher for longer, markets are already looking past that to rate cuts as economic growth weakens. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Eric Cox, Nick Macfie Organizations: United Auto Workers, Ford Michigan Assembly Plant, REUTERS, General Motors, Ford, Chrysler, United, Workers, Japan's Nikkei, European, ECB, SoftBank's Arm Holdings, Nasdaq, Reuters Graphics Reuters, Uni of Michigan, Thomson, Reuters Locations: Wayne , Michigan, U.S, Australia, China

[1/2] Florida Governor and Republican presidential candidate Ron DeSantis arrives to address the Concerned Women for America Legislative Action Committee’s (CWALAC) 2023 Leadership Summit in Washington, U.S., September 15, 2023. "They want you to believe that a man can get pregnant," DeSantis said of Democrats. Former Vice President Mike Pence and tech entrepreneur Vivek Ramaswamy, both Republican hopefuls, also were speaking at the latter event. Trump is ahead in every major Republican demographic, with a roughly 35 percentage-point lead over DeSantis and Ramaswamy among evangelical Christians, according to a Reuters/Ipsos poll that closed on Thursday. He could have been a new JFK," Bruce said, referring to popular Democratic President John F. Kennedy during the 1960s.

Persons: Ron DeSantis, Leah Millis, Donald Trump, DeSantis, Joe Biden, Trump, Mike Pence, Vivek Ramaswamy, Ramaswamy, Roe, Wade, Hannah Bruce, Bruce, John F, Kennedy, Gram Slattery, James Oliphant, Jason Lange, Colleen Jenkins, Howard Goller Organizations: Florida Governor, Republican, Women, America, REUTERS, Rights, Former U.S, Florida, Republicans, Trump, Christian, Democratic, Reuters, U.S, Supreme, Coalition, Iowa Faith, JFK, Thomson Locations: Washington , U.S, Former, Washington, Iowa, Iowa , New Hampshire, South Carolina, Des Moines, Idaho

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