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Investment analysts are coalescing around a few potential winners in China's car market after a 10-day auto show in Beijing put the ferocious competition on full display. "This year, we notice[d] a meaningful amount of foreign visitors who are Chinese brands' overseas dealers or importers," JPMorgan analysts said. Open to the public After two days of restricting access only to business and media, the Beijing auto show opened to the general public. Jefferies' analysts estimate the policy could boost China's passenger vehicle sales by 1 million units this year, evenly split between electric and gas-powered models. The analysts highlighted their Chinese car stock picks as Leapmotor, Geely and BYD, all rated buy and listed in Hong Kong.
Persons: Nick Lai, BYD, Tesla, hasn't, Elon Musk, Nezha, Asensing, Zhang Haizhou, Morgan, Lei Jun, Xiaomi, Jefferies, Bank of America Merrill Lynch, Leapmotor, — CNBC's Michael Bloom Organizations: Asia Pacific, JPMorgan, Porsche, Apple Vision, Brands, Mazda, Auto, Morgan Stanley Asia Pacific, EV, Bank of America, Trade, Ministry of Commerce, Volkswagen, VW, Toyota Locations: Beijing, China, Asia, Europe, Nio, Zhejiang, Hong Kong
Michael Showalter kept acting long after he realized he didn't want to do it anymore — mostly because he needed to eat. Showalter got his start in college doing sketch comedy as a member of The State (formerly The New Group). Fast forward roughly two decades and Showalter has found himself right where he was always meant to be. But as I grew older, it was a combination of I wasn't getting cast in things, but I also wasn't really needing to get cast in things. Is there any one moment where you realized acting wasn't what you loved doing?
Persons: Michael Showalter, Showalter, Michael Ian Black, Joe Lo Truglio, Thomas Lennon, Ken Marino —, he'd, didn't, wasn't, Baxter, he's, Sally Field, Kumail Nanjiani, Zoe Kazan, Oscar, Nanjiani, Jessica Chastain, Tammy Faye, Elizabeth Holmes, Amanda Seyfried, Holmes, Jennifer Westfeldt, Lee's, Anne Hathaway, Reid Scott, Ella Rubin, Nicholas Galitzine, Claudette Godfrey, Daniel Boczarski, You've, you've, … It's, Ivanov, Kevin Kline, I'm, Adam Jason Finmann, gee, Hayes, Alisha Wetherill, Nicholas, Nick, Cathy Schulman, He's, It's, Anne, Bernie Telsey, Maria Organizations: The, Business, MTV, Globe, BI, SXSW, Knitting Factory, Amazon, Netflix Locations: New Jersey, Austin, Hollywood , California
Nick Fuentes, a far-right commentator, is set to return to X.Elon Musk bought X in 2022, promoting free speech absolutism. The Anti-Defamation League describes Fuentes as a white supremacist , anti-semite , and 2020 election-denier "who seeks to forge a white nationalist alternative to the mainstream GOP." When Elon Musk bought X for $44 billion in October 2022, he set out to defend free speech absolutism on the platform. Nick Fuentes' flirting with hate-speech has meant he has had a rocky relationship with X and Twitter before it. Business Insider's Katherine Tangalakis-Lippert reported that despite Musk identifying as a "free speech absolutist," the same embrace of free speech does not extend to his critics.
Persons: Nick Fuentes, Elon Musk, Musk, , Elon, Jim Crow, Fuentes, Hitler, Donald Trump, Jordan Peterson, Andrew Tate, GMwHmInPAS — Elon, Katherine Tangalakis Organizations: Service, Defamation League, GOP, Elon, Kanye, Twitter Locations: Virginia, Israel
The portfolio manager whisperers
  + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com   time to read: +24 min
AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.
Persons: Taylor Swift, Travis Kelce, Goldman Sachs, , That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, , Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny
A handful of stocks are entering or about to enter the worrisome so-called death cross. A death cross can also be indicative of a forthcoming bear market pattern. Intel Intel disappointed Wall Street's first-quarter expectations last week, when it posted a beat in earnings per share but came up light in revenue. McDonald's McDonald's has also drawn a death cross. CVS Health Unlike the other two names, CVS Health is nearing a death cross.
Persons: Wall Street's, Goldman Sachs, Toshiya Hari, McDonald's, Kevin Caliendo, Caliendo Organizations: Intel, CNBC, Intel Intel, Nvidia, CVS Health, CVS, UBS Locations: Gaza, mgt
Job growth in April was concentrated in traditionally low-paying sectors like healthcare and retail. Wage growth, though slower, still outpaces inflation, which is still a boon for workers. That's because the industries that led job growth in April are traditionally low-paying. Indeed, job growth is concentrated in industries that are historically low-paying — and continue to pay less than the average across private industries. As Pollak notes, "wage growth has come down sharply, but it's mostly come down in industries where it was very rapid before."
Persons: , it's, Jobs, that's, Labor Julie Su, Julia Pollak, It's, Kate Bahn, Insider's Aki Ito, Pollak, ALICE, They're, Nick Bunker, Bunker Organizations: Service, Federal Reserve, Labor, Healthcare, Institute for Women's, North, Business Locations: Bahn, North America
As Democrats confront a presidential race against a resurgent and resilient Donald J. Trump as well as a brutally challenging Senate map, they believe they have an increasingly powerful political weapon: ballot measures to protect abortion rights. Two crucial presidential and Senate battlegrounds, Arizona and Nevada, are expected to put such measures directly before voters. So are other states with top Senate races, including Maryland and potentially Montana. And abortion rights measures are set or could appear on ballots in states like New York, Florida and Nebraska, where competitive contests could help determine whether Democrats win back the House. Those measures have sometimes fueled surges in liberal turnout that have lifted Democratic candidates to victory, as well.
Persons: Donald J, Trump, Democrats —, Republicans —, Roe, Wade Organizations: Senate, Democrats, Republicans, Democratic Locations: Arizona, Nevada, Maryland, Montana, New York , Florida, Nebraska, Ohio, Kansas, Michigan
“Anti-Israel protests on college campuses threaten Jewish students,” says the ad, which was shared first with CNN. While supporters of the legislation say it will help combat antisemitism on college campuses, opponents argue it overreaches and threatens to chill free speech. Some Democrats see the new investigative effort into college campuses and Johnson’s recent visit to Columbia University as a divisive political ploy. “Clearly it’s a very high priority for him,” GOP Rep. Frank Lucas of Oklahoma, the chairman of the House Science Committee, told CNN. House GOP Conference Chairwoman Elise Stefanik, who sits on the Education panel, is also expected to play a prominent role in the effort.
Persons: Mike Johnson, Johnson, speakership, ” Johnson, , , Marjorie Taylor Greene, Donald Trump, Nick Fuentes, Pramila Jayapal, Joe Biden, James Comer, Lisa McClain, Biden, “ I’ve, Frank Lucas of Oklahoma, Virginia Foxx, Elise Stefanik, Jim Jordan, Comer, ” Comer, ” CNN’s Haley Talbot Organizations: CNN, Republican, House Democratic, GOP, Louisiana Republican, Columbia University, Democrats, White, Department, Education, International Holocaust, Alliance, Columbia, Michigan, House Education, Workforce Committee, House Science, North Carolina, Yale University, University of California, University of Michigan, House GOP, New York Republican, Science, Republicans, George Washington University, Kentucky Republican Locations: Louisiana, Israel, Marjorie Taylor Greene of Georgia, Lago, Washington, Columbia, University of California Los Angeles, , Ohio
Russian forces have used the “artillery drought” hampering Ukraine’s defenses since December to push forward on the eastern front near Avdiivka, making the largest advance since the early months of the war. Only on Sunday did the top Ukrainian military commander, Oleksandr Syrskyi, admit the fall of a series of villages that his subordinates had insisted for days were still contested. The resulting fallback showed Russian forces had, in just over two months, made the most substantial and swift progress since July 2022’s advances near Severodonetsk, according to a CNN analysis. DeepStateMap, which updates the frontline situation daily, showed significant losses near Avdiivka. Yurii Fedorenko, commander of the Achilles attack drones company at the 92nd separate assault brigade in that area, said the next two months marked a “window of opportunity” for Russian forces.
Persons: Chasiv, Oleksandr Syrskyi, Ruslan Mykula, ” Mykula, , Volodymyr Zelensky, Oleksandr Ratushniak Oleksandr Ratushniak, Chasiv Yar, Col Nazar Voloshyn, ” Voloshyn, Druzhkivka, Novozhenina, Yurii Fedorenko, Organizations: CNN, Sunday, Kurakhove, Ukraine’s, Airborne, REUTERS, Reuters, Russian Locations: Ukraine, Avdiivka, Donetsk, Mariupol, Russia, Pokrovsk, Chasiv Yar, Bakhmut, Ukrainian, Russian, Avdiivka’s, Severodonetsk, Ocheretyne, Kurakhve, Kupiansk, Kharkiv, Moscow
“The bill sweeps too broadly.”Speaker Johnson puts a spotlight on campus protestsHouse Speaker Mike Johnson has increasingly put a spotlight on campus protests. Last week, the Louisiana Republican visited Columbia University to meet with Jewish students and hold a press conference where he called on the university’s president to resign. CAIR has reported record incidents of Islamophobia on campus, and the Anti-Defamation League has recorded a historic number of incidents of violence and threats against Jewish students. Some Jewish students have said they were threatened by protesters and encountered antisemitic rhetoric at some of the rallies. The White House and multiple governors have voiced support for Jewish students and urged protesters and universities to exercise restraint.
Persons: New York Republican Mike Lawler, , , Josh Gottheimer, Max Miller, Jared Moskowitz, Jerry Nadler, Johnson, Mike Johnson, Virginia Foxx, Marjorie Taylor Greene, Donald Trump, Trump, Nick Fuentes, Kanye, ” Trump, Benjamin Netanyahu’s, CNN’s David Goldman, Ramishah Maruf, Kate Sullivan Organizations: CNN, Department, Education, International Holocaust, Alliance, Critics, GOP, Senate, New York Republican, New, New Jersey Democrat, Ohio Republican, Florida Democrat, American Civil Liberties Union, ACLU, Democratic, , Louisiana Republican, Columbia University, Republicans, House Education, Yale, UCLA, Committee, Jewish, White, Kanye West, CAIR, Defamation Locations: Israel, New Jersey, Ohio, Florida, New York, Louisiana, North Carolina, Michigan, Columbia, Lago, Charlottesville , Virginia, United States, Gaza
Isidore Montag/Gorunway/Courtesy Ralph Lauren Looks from the 2024 Fall/Holiday Ralph Lauren collection. Isidore Montag/Gorunway/Courtesy Ralph Lauren Looks from the 2024 Fall/Holiday Ralph Lauren collection. Isidore Montag/Gorunway/Courtesy Ralph Lauren Looks from the 2024 Fall/Holiday Ralph Lauren collection. Isidore Montag/Gorunway/Courtesy Ralph Lauren Looks from the 2024 Fall/Holiday Ralph Lauren collection. Isidore Montag/Gorunway/Courtesy Ralph Lauren Looks from the 2024 Fall/Holiday Ralph Lauren collection.
Persons: Ralph Lauren, Kerry Washington, Jessica Chastain, Morgan Spector, Hannah Einbinder, Mies, der, Nnamdi Asomugha, Glenn Close, Kevin Tachman, Ralph Lauren Hannah Einbinder, Zach Hilty, Ralph Lauren Jodie Turner, Smith, Ralph Lauren The, , , ” Lauren, Polo, , Christy Turlington, Isidore Montag, Ralph Lauren Ralph Lauren Fall, Cowboy Carter ” –, Lauren, glitz, ” “, Rebecca Hall, Lauren’s Organizations: CNN, Polo, Washington Locations: New York City, Madison, Manhattan
How ‘The Idea of You’ nailed age-gap dressing
  + stars: | 2024-04-30 | by ( Leah Dolan | ) edition.cnn.com   time to read: +8 min
Films such as “What Price Hollywood” and “A Star is Born” first dabbled in the idea of famous and non-famous relations almost 100 years ago. Now, director Michael Showalter breathes new life into the trope with “The Idea of You,” out on Amazon Prime May 2. But more than just a piece of starry-eyed fan-fiction, “The Idea of You” is a Bildungsroman in disguise. It was the first look Hathaway tried on during fittings with Demetrio in New York. As for Hathaway, we find her in Chanel and leave her, happily ever after, in a rust-red Gabriela Hearst suit.
Persons: It’s, , Richard Curtis, Julia Roberts, Hugh Grant, lister, Michael Showalter, Robinne Lee, Anne Hathaway, Solène Marchand, Nicholas Galitzine, Hayes Campbell, Moon, Demetrio, Alisha Wetherill, Hayes, Solène, Harry Styles, Olivia Wilde, Lee, Styles, , Jacqueline Demetrio, , “ She’s, Hathaway, Isabel Marant cardigan, suede Isabel Marant, , Etro, Gabriella Hearst, Valentino, Demetrio —, Hathaway —, heartthrob, David Bowie, ” Demetrio, he’s Harry, “ Nick, Matty Healy, Loewe, Isabel Marant, it’s, Nick, Constance Bennett, Lowell Sherman, ” Grant, Roberts, Gabriela Hearst Organizations: CNN, Hollywood, Disney Channel, BBC, Amazon, Vogue, SXSW Locations: LA, Isabel, New York, streetwear, Coachella, cardigan, It’s,
Princeton University has a long history of commissioning public art by the likes of Henry Moore, Louise Nevelson, Alexander Calder and Pablo Picasso, dating back to the 1960s. And when the Princeton University Art Museum opens to the public next year, at almost double the size of its original building, six new large-scale works by women and artists of color will have pride of place — visible beacons near the building’s perimeter, both indoors and out at this central crossroads on campus. The artworks include four site-specific commissions by Diana Al-Hadid, Nick Cave, Jane Irish and Tuan Andrew Nguyen and two acquisitions by Jun Kaneko and Rose B. Simpson. “From every access point toward the museum, there will be works of public art so that people can almost use them as visual markers of arrival,” James Steward, its director, said.
Persons: Henry Moore, Louise Nevelson, Alexander Calder, Pablo Picasso, Diana Al, Hadid, Nick Cave, Jane Irish, Tuan Andrew Nguyen, Jun Kaneko, Rose B, Simpson, , ” James Steward Organizations: Princeton University, Princeton University Art Museum
NBA stars are scoring big in the fashion world
  + stars: | 2024-04-29 | by ( Nick Remsen | ) edition.cnn.com   time to read: +9 min
Basketball players’ style — largely in the men’s league, but increasingly the women’s too — has become a bonafide pillar in fashion media and consumption. Basketball players’ style has more eyes on it than any other sport, the Pulitzer Prize-winning author Mitchell S. Jackson told CNN. “(The league) was the first to embrace it,” Jackson, author of the recently released photobook “Fly: The Big Book of Basketball Fashion,” explained. “Basketball players are so much a part of American culture. Bettman/Getty Images/Courtesy Workman“We talk a lot about current NBA tunnel style, but the league has been America’s most stylish for decades,” Schube continued.
Persons: Tyrese Haliburton, Pepper Robinson, Ron Hoskins, NBAE, — Tyrese Haliburton, , Pharrell Williams, Birkin, it’s, Shai Gilgeous, Alexander, Russell Westbrook, LeBron James, Josh Giddey, Tyler Herro, , Marcus Paul, Luka Dončic, ” There’s, Caitlin Clark, Prada, Sam Schube, Thom Browne, AJ Mast, Tyler Ross, Workman, Virgil Abloh, Louis Vuitton, Williams, Kim Kardashian’s, Donovan Clingan, Caleb Love, Hunter Dickinson, Jared McCain, Duke, Robert Dillingham, Paxson Wojcik, Mitchell S, Jackson, ” Jackson, , LeBron, Michael Jordan, Jordan, Jackson’s, Peggy Sirota, who’ve, Stephen “ Steph ” Curry, Curry, Steph Curry, Jed Jacobsohn “, ’ ” Curry, ” Curry, “ I’m, Kyle Kuzma, Timothée, Johnson, Andrew D, Bernstein, Walt Frazier, Bettman, ” Schube, “ Allen Iverson, Phil Jackson, Pat Riley, Armani, Walt Fraziers, Wilt Chamberlain’s, Fatih Aktas, , ’ ”, , they’d, ” Gilgeous, Alexander —, haven’t Organizations: Indiana Pacers, Basketball, Gilgeous, CNN, GQ, Cleveland Cavaliers, New York Times, Los Angeles Lakers, Oklahoma City Thunder, NBA, UConn, UNC, “ Basketball, Golden State Warriors, Fashion Council, Savant, State, GQ Sports, , Workman New York Knicks, Royce, Anadolu Agency, Getty, Civil, Nike Locations: Haliburton, Arizona, Kansas, Robert Dillingham ( Kentucky, Chicago , Illinois, Gilgeous
A Former ‘Bachelor’ Finds Love Off-Camera
  + stars: | 2024-04-29 | by ( Sadiba Hasan | ) www.nytimes.com   time to read: 1 min
Nick Joseph Viall is used to his dating life being on public display. From 2014 to 2017, he appeared in four seasons of the “Bachelor” franchise: two seasons of “The Bachelorette,” one season of “Bachelor in Paradise” and, finally, “The Bachelor.”That’s all experience that has helped inform his relationship podcast, “The Viall Files,” and his 2022 book, “Don’t Text Your Ex Happy Birthday: And Other Advice on Love, Sex and Dating.”But his relationship with Natalie Joy, whom he began dating in 2019, remained out of the public eye for several years. On April 27, the couple exchanged vows on an animal farm in Savannah, Ga. They met in September 2019, when one of Mr. Viall’s Instagram photos popped up on Ms. Joy’s Explore page. She thought he was attractive, so she decided to send him a cheeky message: “You’re unreal.”
Persons: Nick Joseph Viall, , Natalie Joy, Viall’s Locations: Savannah , Ga
As the busy first-quarter earnings season moves along, several stocks still set to report could be due for big swings. First-quarter earnings have boosted stocks this week, as more than 77% of companies in the S & P 500 have exceeded analysts' expectations, according to FactSet. The S & P 500's year-over-year earnings growth for the first quarter is running at about 5.6%, according to Friday data from LSEG . The names on tap range from big-name AI plays Super Micro Computer and Amazon to health-care giants such as Moderna . Chipmakers Super Micro Computer and Advanced Micro Devices could also see some major moves this week, as they could rise or fall as much as 12.6% and 7.4%, respectively.
Persons: Curtis Nagle, Nagle, Samik Chatterjee, Goldman Sachs, Pinterest Organizations: Dow Jones, Computer, Moderna, CNBC Pro, Bank of America, TikTok, JPMorgan, Super Locations: chipmakers
Valuations coming down So if earnings are up, why is the S & P off its highs? Today, a month later, 2024 earnings estimates are essentially the same but the multiple has declined to 20.8. The S & P 500 hit a low of 4,117 on Oct. 27 and only recovered when rates came down in early November. There are some big drags on earnings Some companies are seeing large declines in earnings estimates that are weighing on their sectors. When including this one-time item, the S & P 500 earnings growth rate for the first quarter declines to 5.6%, from 8.7%, LSEG has noted.
Persons: Goldman Sachs, JPMorgan Chase, Morgan Stanley, Christopher Suh, Stephen Squeri, Hess, Nick Raich, LSEG, Hal Lawton, Brian Niccol, CNBC's Kate Rogers, Horton, Paul Romanowski, Kimberly, Clark, Michael Hsu Organizations: Companies, Netflix, JPMorgan, GE Aerospace, Caterpillar, Microsoft, Merck, Ford, Waste Management, Royal, Consumer, American Express, Energy, Marathon Petroleum, Apache, Valero Energy, Oil, Occidental Petroleum, Devon Energy, ConocoPhillips, Exxon Mobil, Scout, Bristol Myers Squibb, Karuna Therapeutics, Boeing, Nvidia, Meta, AMD Locations: financials, industrials, Royal Caribbean, North America
Julian Assange leaves a Melbourne court after facing charges of computer hacking in 1995. WikiLeaks/ReutersUnder a global spotlightAs WikiLeaks continued its disclosures, Assange found himself the latest cause célèbre – his every movement intensely scrutinized. … He liked the fuss that (the disclosures) caused but he was oddly incurious actually about the documents.”Others offer alternative explanations for Assange’s eccentricities. There were mounting calls for Assange to leave WikiLeaks and, when he didn’t, many cut ties with it. Outside the confines of his diplomatic shelter, the world questioned whether Assange was trying to circumvent justice.
Persons: London CNN — Julian Assange, , He’s, Chelsea Manning, Joe Biden, Assange’s, Anthony Albanese, Assange, , ” –, Julian Assange, Ian Kenins, Sarah Palin’s, Atika Shubert, Shubert, ” Shubert, célèbre, Fidel Narvaez, “ Assange, ” Narvaez, James Ball, Joe Raedle, ” Ball, Ball, , Narvaez, Hans Crescent, Lenin Moreno, Moreno, Abu Hamza al, Masri, Stella Assange, Daniel Leal, Stella, “ I’m, Nick Vamos, It’s, Alice Jill Edwards, Agnès Callamard, El País, Der Spiegel, Jameel Jaffer, Xiaofei Xu, Alex Stambaugh Organizations: London CNN, WikiLeaks, Court, Ecuadorian, Army, Australian, Pentagon, NASA, University of Melbourne, Fairfax Media, of Scientology, Republican, CNN, Chelsea, Apache, Reuters, Guardian, Ellingham, Hans, London’s Metropolitan Police, US Justice Department, of Justice, Britain's, Getty, Peters & Peters, Prosecution Service, Human Rights, UN, Amnesty, The New York Times, Columbia University Locations: United States, Australian, London’s, Australia, Townsville, Queensland, cybercrime, Melbourne, Guantanamo Bay, Cuba, Iraq, London, Afghanistan, , Sweden, Ecuador, UK’s, Belmarsh
Insider Today: 'Stopover' travel hack
  + stars: | 2024-04-27 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. One 38-year-old woman told Business Insider that instead of skipping treats, she lost 140 pounds in two years by eating more high-protein foods. On the agenda:This story is available exclusively to Business Insider subscribers. "We're Here": In this wholesome Max series, famous drag queens travel to small-town America where they give out makeovers. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor-in-chief, in New York.
Persons: , Anneta, Jeff Bezos, Eduardo Parra, Nick Goldson, Tyler Le, she's, Jenny Chang, Rodriguez, Brad Gilbert, Zendaya, Megan Tjelle, Tjelle, messier, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Washington Post, Allen & Company Sun Valley Conference, That's, Soho House, Madrid Airport, Europa Press, Getty, Warner Bros, Hulu, Netflix Locations: Hailey , Idaho, Cecconi's, West Hollywood, Madrid, Chicago, Chilean, America, New York
On top of that, the latest U.S. jobs market scorecard will be released along with more mega-cap earnings. This week, the U.S. 10-year Treasury yield briefly climbed above 4.7% for the first time since November. That's down sharply from the six or seven rate cuts investors were anticipating coming into the year. April jobs Investors will also get an update on the labor picture next week, with the release of the April nonfarm payrolls report set for Friday. Corporate earnings season will also ramp up in the week ahead with a slew of consumer-facing companies set to report.
Persons: Stocks, Powell, David Alcaly, Jerome Powell's, we've, they're, Brian Nick, Matt Stucky, it's, Stucky, Dow Jones, Nick, Archer, Eli Lilly, Kraft, Estee, Ingersoll Rand, Stanley Black, Decker, Hershey Organizations: Nasdaq, Google, Microsoft, Treasury, Lazard Asset Management, Macro, Northwestern Mutual Wealth Management Company, Fed, Apple, Micro Computer, Dallas Fed, Paramount, ON Semiconductor, Chicago PMI, Prudential Financial, Devices, Storage, Diamondback Energy, Caesars Entertainment, Corning, Daniels, Midland, Molson Coors Beverage, Marathon Petroleum, GE Healthcare Technologies, PayPal, ADP, P Global, Manufacturing, Oil, MGM Resorts International, Allstate, Etsy, eBay, Qualcomm, MetLife, First, Devon Energy, Cruise Line Holdings, Brands, Marriott International, Kraft Heinz, Pfizer, Companies, CVS Health, Generac, Mastercard, Labor, Nation Entertainment, Booking Holdings, Natural Resources, Motorola Solutions, Expedia, EOG, Coterra Energy, Dominion Energy, Howmet Aerospace, ConocoPhillips, Moderna, PMI, Services PMI Locations: U.S, Chicago, McDonald's, Albemarle, EOG Resources
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Nick Timiraos on Trump allies' efforts to erode the Fed's independenceNick Timiraos, The Wall Street Journal chief economics correspondent, joins 'Squawk Box' to discuss reports of Trump allies drafting plans to erode the Fed's independence if the former president wins the 2024 election, how plausible the scenario would be, and more.
Persons: Nick Timiraos Organizations: Trump, Street Journal
A demonstrator holding a sign holds up a fist after students built a protest encampment in support of Palestinians at the University of Southern California's Alumni Park on April 24, in Los Angeles, California. David Swanson/ReutersTensions escalated once police entered the University of Southern California campus, according to Jonathan Park, an editor of the Daily Trojan, the college’s newspaper. “When we saw the LAPD coming in from Vermont Avenue and working with campus officers, encircling on them, it definitely changed the mood,” Park told CNN’s Anna Coren. The Los Angeles Police Department said 93 people were later arrested on suspicion of trespassing during Wednesday's demonstrations at USC. There are also wider calls to cut ties with Israeli academic institutions and to cut funding from entities connected to Israel.
Persons: David Swanson, Jonathan Park, , CNN’s Anna Coren, scuffles, , Nick Watts, Park Organizations: University of Southern California's, Reuters, University of Southern, Daily Trojan, CNN, Los Angeles Police Department, USC Locations: Los Angeles , California, University of Southern California, Vermont, Israel, Gaza, Palestinian, Palestine
CNN —Two Household Cavalry horses which broke free and ran through the streets of London on Wednesday are in a “serious condition,” a British government minister has said. The army said in an update on X on Thursday that five horses tried to bolt and four broke loose. The two horses are said to be in a "serious condition." Footage emerged on social media on Wednesday of the horses running through central London. Jordan Pettitt/PAStartling footage emerged on social media on Wednesday showing the two horses – one apparently covered with blood – running through Aldwych in central London.
Persons: , we’ll, James Cartlidge, Nick Ferrari, Cartlidge, ” Cartlidge, Jordan, Jordan Pettitt Organizations: CNN, Cavalry, British Army, LBC, Sky News, Britain’s, Media, Mercedes, Household Cavalry Locations: London, Vida, Aldwych, Clermont, Buckingham, Hyde, Buckingham Palace
Here's why Thursday's post-GDP sell-off may be overdone
  + stars: | 2024-04-25 | by ( Sarah Min | ) www.cnbc.com   time to read: +4 min
Stocks sold off Thursday aHoweverfter the latest economic data came in weaker than expected, but some observers say that the reaction was overdone. While the headline GDP number missed expectations, it nevertheless showed economic growth the Fed could take in stride, they say. He noted that the core parts of GDP, such as consumption growth and residential growth, were "quite good." "Stagflation is a combination of stagnant growth and high inflation," Nick continued. "I think the earnings backdrop has been very supportive," Lee told CNBC's " Closing Bell " on Thursday.
Persons: Stocks, Dow Jones, Chris Zaccarelli, Brian Nick, Nick, we're, Rob Ginsberg, Ginsberg, Fundstrat's Tom Lee, Lee, CNBC's, Jeff Cox Organizations: Federal Reserve, Independent, Alliance, Dow Jones, Treasury, Macro, Wolfe Research Locations: U.S
“To me, success is impeachment from the House,” GOP Rep. Brian Mast said. Comer’s co-leads, House Judiciary Chairman Jim Jordan and House Ways and Means Chairman Jason Smith, are also fully behind the work. I don’t think that’s an impeachable offense,” GOP Rep. Jodey Arrington said. Even GOP Rep. Darrell Issa remarked after the first hour of questioning that Hunter Biden was prepared for the interview. There’s an election in seven months from now,” GOP Rep. Nick LaLota, who represents a New York district Biden won in 2020, told CNN.
Persons: James Comer, Joe Biden, , Comer, Biden, “ Comer, Jesus, Alejandro Mayorkas, Comer –, , Anna Paulina Luna –, Hunter Biden, it’s, ” Luna, , missteps, Brian Mast, Mike Johnson, Comer’s, Jim Jordan, Jason Smith, ” Johnson, Steve Scalise, Elise Stefanik, Kevin McCarthy, ” Bruce Dubinsky, McCarthy, Samuel Corum, Johnson, Jodey Arrington, Darrell Issa, , Doug LaMalfa, Mayorkas, Tony Gonzales, Austin Scott, ” Comer, Donald Trump, Jordan, doesn’t, There’s, Nick LaLota, Jamie Raskin, Raskin Organizations: Washington CNN —, Republican, CNN, Kentucky Republican, Homeland, Biden, GOP, Republicans, Getty, White, Democratic, , Department of Justice Locations: Kentucky, , Washington , DC, , Texas, New York
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