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Investors may soon be forced to take on more risk and rethink their diversification strategies due to macroeconomic uncertainties. And that presents challenges for those who follow the traditional balance of 60% stocks to 40% bonds as a diversifier, he added. "Momentum has really been driving equities higher across the board, especially with respect to large-cap growth names," Adams said. The study found that stocks, bonds, and options strategies could have more correlated risk than is evident on the surface. "So value stocks are about the here-and-now, growth stocks are about the hereafter."
Persons: Goldman Sachs, Jon Adams, Adams, Jimmy Chang, Donald Trump, Chang, Nikolai Roussanov, David Kelly, you've, Kelly Organizations: Calamos Wealth, Treasury, Rockefeller, Family, Wharton School, Morgan Asset Management
The Baron Growth Fund (BGRFX) , Baron Small Cap Fund (BSCFX) and Baron Discovery Fund (BDFFX) all invest in the small-cap universe, and they have produced double-digit annualized returns since inception and outperformed their respective benchmarks, according to Morningstar. Total small-cap growth exposure recently hit a 10-year low when investors are shunning the asset class. The Baron Growth and Small Cap funds were created in the 1990s, while the Baron Discovery Fund was launched in 2013. Small companies, which are more domestic-oriented and cyclical, are seen as beneficiaries from President-elect Donald Trump's tax cuts and protectionist policies. "We do an incredible amount of research on these companies, which allows us to find small companies that can have great competitive advantage.
Persons: Baron Capital, Baron, Morningstar, Laird Bieger, Donald Trump's, Russell, Randolph Gwirtzman, Gwirtzman, DraftKings Organizations: Baron Capital, Baron, Baron Growth, Fund, Baron Discovery Fund, Morningstar, Kratos Defense, Security Solutions, Tempus, Gartner Locations: New York
Los Angeles CNN —Los Angeles officials on Tuesday moved to cement the city and its schools as sanctuaries for immigrants and LGBTQ youth as the city positions itself to push back strongly against President-elect Donald Trump’s platforms on immigration and gender. The Los Angeles City Council, which represents the second-largest US city, unanimously voted to adopt a “sanctuary city” ordinance that prohibits city resources from being used in immigration enforcement or to cooperate with federal immigration agents, unless required by state law. LGBTQ advocates also fear his presidency will result in wider restrictions on transgender people and rollbacks of protections for other LGBTQ groups. Los Angeles City Council members listen as a man speaks in support of a proposed "sanctuary city" ordinance at City Hall on Tuesday. Teachers and administrators will receive training on how to respond to federal immigration personnel who request information about students and families or who are trying to enter school property.
Persons: Donald Trump’s, Karen Bass, They’ve, Jackie Goldberg, Hydee Feldstein Soto, ” Bass, , Gavin Newsom, Trump, Tom Homan, Etienne Laurent, , Homan, ” Homan, Curren Price, ” Price, Goldberg, stokes, Rocío Rivas, ” Rivas, Brendan Carr Organizations: Los Angeles CNN, Los, Los Angeles City Council, Los Angeles Unified School District, Republican, Trump, Bass, City, Democratic, Los Angeles Police Department, Trump -, Customs, Getty, “ Fox, Friends, Los Angeles Unified, Teachers, Department of Education, CNN, Federal Communications Commission, of Education Locations: Los Angeles, Los, , Wisconsin
Packaged food from companies including PepsiCo and Lamb Weston use artificial ingredients. KR ACI YTD mountain Bank of America lists both Kroger and Albertsons as potential beneficiaries under if RFK Jr. is confirmed to lead HHS. The analyst also pointed toward Sprouts Farmers Market as another potential beneficiary, but noted some skepticism over the stock's pricey valuation. Shares of Kroger have advanced more than 26% in 2024, while Albertsons stock has pulled back about 17%. Kroger agreed to purchase Albertsons in late 2022 for nearly $25 billion, but the combination has been heavily scrutinized by regulators .
Persons: Robert F, Kennedy Jr, Edward Kelly, Kennedy, Donald Trump's, Lamb Weston, Bryan Spillane, McCormick, Spillane, Wells, Kelly, Kroger Organizations: of Health, Human Services, RFK, HHS, Food and Drug Administration, PepsiCo, Bank of America, Kroger, Albertsons, KR ACI Locations: McCormick, Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHiring will be growth orientated and more strategic in 2025, ADP chief economist saysNela Richardson, chief economist at ADP, discusses employment in the U.S. and explains how President-elect Donald Trump will impact the U.S. labour market.
Persons: Nela Richardson, Donald Trump Organizations: ADP Locations: U.S
President-elect Donald Trump on Tuesday said he would nominate Dr. Mehmet Oz — celebrity TV host and former U.S. Senate candidate — as Centers for Medicare & Medicaid Services administrator. Oz previously hosted "The Dr. Oz Show," a syndicated daytime television program for more than a dozen years. "America is facing a Healthcare Crisis, and there may be no Physician more qualified and capable than Dr. Oz to Make America Healthy Again," Trump said in a statement Tuesday. Dr. Oz will work closely with Robert F. Kennedy Jr. to take on the illness industrial complex, and all the horrible chronic diseases left in its wake. "He will also cut waste and fraud within our Country's most expensive Government Agency, which is a third of our Nation's Healthcare spend, and a quarter of our entire National Budget."
Persons: Mehmet Oz, Donald Trump, , Trump, Oz, Robert F, Kennedy Jr, Sen, John Fetterman, Dr, Chiquita Brooks, LaSure Organizations: Republican U.S, U.S, Senate, Medicare, CMS, Children's Health Insurance, Health, Human Services Department, Republican, Healthcare, Agency Locations: Rockledge , Pennsylvania, U.S, Pennsylvania, America
SpaceX Starship Launch: Watch Live
  + stars: | 2024-11-19 | by ( Kenneth Chang | More About Kenneth Chang | ) www.nytimes.com   time to read: +1 min
On the fifth test flight of its enormous Starship rocket, the booster stage returned to the launchpad and was caught in midair by two large mechanical arms on the launch tower. Here’s what you need to know about Tuesday’s launch. When is the test flight, and how can I watch it? SpaceX will stream coverage of the test flight beginning about 30 minutes before liftoff from SpaceX’s site in South Texas near the city of Brownsville. Earlier on Tuesday, SpaceX said in a post on the website X that weather and systems were favorable for launch.
Persons: Donald J, Trump, SpaceX, Tuesday’s livestream Organizations: SpaceX Locations: South Texas, Brownsville
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFood stocks under pressure after Trump taps RFK Jr. for HHS secretaryCNBC's Sara Eisen discuss how president-elect Donald Trump's pick for HHS secretary, RFK Jr., could impact food companies.
Persons: CNBC's Sara Eisen, Donald Trump's Organizations: Trump, RFK, RFK Jr
AdvertisementElon Musk and Vivek Ramaswamy are set to co-lead the DOGE in President-elect Trump's second term. In their roles as co-leaders of the forthcoming Department of Government Efficiency, Elon Musk and Vivek Ramaswamy have vowed to "delete" government agencies, much like a line of code. "Or does it mean that a different federal agency will assume the responsibilities of collecting income taxes?" Allison Robbert-Pool/Getty Images"The president can't 'delete' departments — or even almost all of government's subunits. Kettl said that any effort to delete the functions of a department is "an even bigger battle" than trying to delete a department itself.
Persons: Elon Musk, Vivek Ramaswamy, Trump's, Ron DeSantis, Kevin Kosar, DOGE's, Ramaswamy, Donald Trump, Mordecai Lee, aren't, haven't, Kosar, Allison Robbert, Donald Kettl, Elaine Kamarck, Bill Clinton, Kamarck, Kettl, Lee, they've, nix, it's Organizations: Republicans, of Government Efficiency, Elon, Florida Gov, American Enterprise Institute, Fox News, Internal Revenue Service, Federal Bureau of Investigations, Alcohol, Firearms, Tobacco, Department of Education, University of Wisconsin -, Trump, Republican, University of Maryland, Brookings Institute, of Education, Farmers, of Agriculture, USDA, Conservative Locations: Florida, University of Wisconsin - Milwaukee
The S & P 500 has been drifting lower for a week. Pity the Wall Street strategists Pity the poor Wall Street strategists who are now writing their 2025 outlooks. That is about 10% above the current S & P 500 level. What is the current average yearly return of the S & P 500? The S & P 500 is up 0.3% since the close on Election Day.
Persons: Donald Trump's, Brian Belski, Morgan Stanley, Mike Wilson, Goldman Sachs, David Kostin Organizations: Bulls, Street, BMO Capital, UBS, ISI, Trump Locations: Russia, Ukraine, Iran
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo doubt there is a narrow window of opportunity to take action on climate change, says Paul PolmanPaul Polman, former Unilever CEO, business leader, campaigner and co-author of "Net Positive," discusses climate financing at COP29 and what a second term from President-elect Donald Trump means for the global fight against climate change.
Persons: Paul Polman Paul Polman, Donald Trump Organizations: Unilever
Shares of some aerospace and defense companies could fall under added pressure from President-elect Donald Trump's reduced government spending plans. Goldman is forecasting that the U.S. defense budget will soon flatten out and then decline, partly given that it's at an all-time high and that current geopolitical conflicts could potentially be met with a resolution. "Defense spending cycles up and down over time, and can be vulnerable to efforts to reduce total government spending." Poponak noted that although Trump has expressed broad support for the U.S. military and Department of Defense, any cost-cutting effort could still be a blow for the national defense budget. "Lower defense spending would flow to government IT to some degree.
Persons: Donald Trump's, Goldman, Government Effiency, wouldn't, Noah Poponak, Poponak, Trump, Lockheed Martin, Northrop, Huntington Ingalls, Booz Allen Hamilton Organizations: Government, Department of Defense, DoD, U.S ., Lockheed, Northrop Grumman, L3Harris Technologies, Huntington Ingalls Industries, Northrop, Leidos Holdings, U.S . Aerospace & Defense, Invesco Aerospace & Defense Locations: U.S
New York CNN —“Morning Joe” co-hosts Joe Scarborough and Mika Brzezinski announced Monday, in dramatic fashion, that they went to Mar-a-Lago last week for a fence-mending meeting with President-elect Donald Trump. According to two sources with direct knowledge of the matter, Scarborough and Brzezinski were credibly concerned that they could face governmental and legal harassment from the incoming Trump administration. For that reason, there are a wide range of feelings about the “Morning Joe” meeting, according to half a dozen employees who spoke on condition of anonymity. Shortly after the Mar-a-Lago meeting was publicized, lawyer and MSNBC host Katie Phang posted on social media, “Normalizing Trump is a bad idea. On Monday afternoon, Scarborough posted a link on X to a Fox News story about his meeting with Trump.
Persons: Joe ”, Joe Scarborough, Mika Brzezinski, Donald Trump, Scarborough, Brzezinski, Trump, Elon Musk, Matt Gaetz, Gaetz, , Katie Phang, Chuck Rocha, Joe, Mika, Jeff Jarvis, , White, Steve Bannon, Bannon, Andrew Weissmann, Ari Melber, they’re, Fox, ” Scarborough, Jeff Bezos’s, board’s, Kamala Harris, Bezos Organizations: New, New York CNN, Mar, Lago, MSNBC, CNN, Scarborough, Trump, Democratic, ” Veteran, Fox, Washington Post Locations: New York, Scarborough, America,
Walmart 's CFO, John David Rainey, said the retailer could have to raise prices on some items if President-elect Donald Trump's proposed tariffs take effect. "We never want to raise prices," he said in an interview with CNBC on Tuesday. Beauty CEO Tarang Amin told CNBC in an interview earlier this month that the company could be forced to raise prices if the higher duties take effect. The majority of goods Walmart sells are not at risk of tariffs. "Tariffs, though, are inflationary for customers, so we want to work with suppliers and with our own private brand assortment to try to bring down prices."
Persons: John David Rainey, Donald Trump's, Rainey, Lowe's, Walmart's, Brandon Sink, Marvin Ellison, it's, We're, We've, Matthew Shay, Tarang Amin, Steve Madden, Gabrielle Fonrouge Organizations: Walmart, Walmart Inc, CNBC, National Retail Federation Locations: Martinez , California, U.S, China
AP —Iran has defied international demands to rein in its nuclear program and has increased its stockpile of uranium enriched to near weapons-grade levels, according to a confidential report by the United Nations’ nuclear watchdog seen Tuesday by The Associated Press. Uranium enriched at 60% purity is just a short, technical step away from weapons-grade levels of 90%. The IAEA also estimated in its quarterly report that as of Oct. 26, Iran’s overall stockpile of enriched uranium stands at 6,604.4 kilograms (14,560 pounds), an increase of 852.6 kilograms (1,879.6 pounds) since August. Western diplomats consider censuring IranIran last week offered not to expand its stockpile of uranium enriched up to 60%, during a visit to Tehran by the IAEA chief, Rafael Mariano Grossi. In the past, Iran has responded to resolutions by the IAEA Board of Governors by further enhancing its nuclear program.
Persons: Donald Trump’s, Rafael Mariano Grossi, Grossi, Iran’s, Mohammad Eslami, Abbas Araghchi, Masoud Pezeshkian, , Eslami, Donald Trump Organizations: AP, United Nations, Associated Press, International Atomic Energy Agency, IAEA, Hamas, America, Agency, Governors, Atomic Energy Organization of, Iranian Locations: Iran, Israel, Gaza, Tehran, Iran Iran, Fordow, Vienna ., Atomic Energy Organization of Iran, Vienna, Isfahan
AdvertisementWith the threat of cutbacks, some government workers might look to shift to the private sector. Experts advise networking and making résumé adjustments for transitioning to private sector roles. She said she's already seen an uptick in inquiries from federal workers looking to beef up their résumés and explore life in the private sector. Stepped-up job growth in the private sector could worsen problems that some government agencies have had in attracting people, according to Poulson, the attorney. He said he would advise public sector workers who have a choice to consider how careers in government often span many power shifts in politics.
Persons: Donald Trump, Ayanna Jackson texted, revamps résumés, Jackson, she's, Elon Musk, Vivek Ramaswamy, , Laura Labovich, Labovich, You've, haven't, Richard Poulson, Willig, they've, Lisa Simon, Simon, it's, Poulson Organizations: White, AEJ Consulting, Department of Government, Williams, Davidson, Revelio Labs, Trump Locations: Washington, DC, Philadelphia
AdvertisementTrump's felony hush-money sentencing had been scheduled for November 26. Trump's election and SCOTUS-bestowed immunity have thrown a giant monkey wrench in the schedule. Prosecutors have said they'll tell the judge how they wish to move forward by Tuesday, November 19. Whether President-elect Donald Trump will ever get sentenced on his now six-month-old hush-money conviction could become clearer as early as Tuesday, when prosecutors are scheduled to announce — at least to the judge — how they wish to proceed with the case. Since his decisive victory on Election Day, Trump's November 26 sentencing date has remained on hold indefinitely.
Persons: SCOTUS, Donald Trump, Trump, hampers, Juan Merchan, Merchan, Matthew Colangelo, Attorney Alvin Bragg, Colangelo, Stormy Daniels Organizations: Prosecutors, New, Attorney, Trump, New York City Locations: Manhattan, New York
Now may be the time for investors to buy shares of BioNTech , according to Evercore ISI. On Monday, his cousin, Caroline Kennedy called his views on vaccines "dangerous" and said they're rejected by his family. This "chaos," however, presents a buying opportunity for investors, Evercore ISI Cory Kasimov wrote Tuesday. "The u/g call is a combination of opportunism, value (both relative & absolute), and an increasingly compelling fundamental outlook around the company's deep and staggered oncology pipeline." Analysts are mostly bullish on the stock, with 13 of 19 rating it a strong buy or buy rating, per LSEG data.
Persons: Donald Trump, Robert F, Kennedy Jr, Kennedy, Covid, Caroline Kennedy, they're, Cory Kasimov, Kasimov, It's Organizations: ISI, Department of Health, Human Services, Analysts Locations: BioNTech
Art on the auction blockA little more than half of Phillips, Christie’s and Sotheby’s sales — which will carry the three aforementioned art pieces — were based in New York, where 34 of the top 50 auction lots were sold in 2023, according to an Art Basel and UBS Art Market Report. Christie’s is auctioning 689 lots this week as part of the November art auctions. But Todd Levin of Levin Art Group was skeptical that tax cuts would do much for the art market. Interest ratesAnother drag on the art market over the last few years: high interest rates. A signal for what’s to comeNew York’s art auctions in the spring and fall could be a sign of things to come for the global art market, according to Woodham.
Persons: Maurizio Cattelan’s, , Andy Warhol’s “, Rene Magritte’s “, Sotheby’s, Phillips, Merrill Lynch, Donald Trump, Alex Glauber, ” Glauber, Christie’s, René Magritte, Marc Porter, Hiroko Masuike, Trump, bode, Todd Levin, “ It’s, Doug Woodham, , Fernando Botero's, Kena Batancur, Glauber, Amy Whitaker, , ” Whitaker Organizations: New, New York CNN, Andy Warhol’s “ New York Skyscrapers, of, Christie’s, Association of Professional Art Advisors, CNN, Art Basel, UBS Art, New York Times, UBS Survey, Global, Trump White, Levin Art, Federal Reserve, Trump, NYU Steinhardt Locations: New York, Belgian, Christie’s Americas, Woodham, AFP, Miami
“I think Bobby Kennedy’s views on vaccines are dangerous, but I don’t think that most Americans share them,” she said in remarks previously reported by The New York Times. Kennedy told NBC News a day after the election that he would not take away people’s vaccines. Kennedy has also indicated that the Trump administration would ban fluoride in drinking water and eliminate ultra-processed foods. Trump last week announced that he intends to nominate Kennedy for the Cabinet post. “They’ve been catching, you know, making waves, headlines.”“Let’s just calm down and wait to see what happens,” she added.
Persons: Caroline Kennedy, bashed, Robert F, Kennedy Jr, Donald Trump’s, Bobby Kennedy’s, , Robert Kennedy, , ” “, Bobby Kennedy, Kennedy, Trump, Tulsi Gabbard’s, elect's, Trump’s, “ They’ve Organizations: National Press Club of Australia, Department of Health, Human Services, The New York Times, NBC, Trump, of Health, Centers for Disease Control, Food and Drug Administration, National Institutes of Health, Centers, Medicare, Services, NBC News, FDA Locations: U.S, Australia, America
President-elect Donald Trump on Monday named former congressman and Fox Business host Sean Duffy as his pick for transportation secretary in the next administration. In a statement announcing Duffy, Trump described the Wisconsin Republican as a "a tremendous and well-liked public servant." "During his time in Congress, Sean was a respected voice and communicator in the Republican Conference, advocating for Fiscal Responsibility, Economic Growth, and Rural Development," Trump said. He stepped down in September 2019 after saying he learned that his child would be born with a heart condition. Duffy first gained attention after appearing on "The Real World: Boston," a reality TV series on MTV, in 1997.
Persons: Donald Trump, Sean Duffy, Duffy, Trump, Sean Organizations: Monday, Fox Business, Wisconsin Republican, Republican Conference, Rural, Financial Services, MTV Locations: Wisconsin
Members of the Hispanic and LGBTQ communities are being targeted with these kinds of disturbing text messages by people hiding behind anonymous phone numbers. Now, authorities are investigating cases in which other groups of people are reportedly getting text messages saying they have been "selected for deportation or to report to a re-education camp." The language of the text messages sent to these students were not identical, but they all referenced deportations and actions by Immigration and Customs Enforcement. ICE does not send "random text messages to people," the spokesperson said in a phone interview. "Sending text messages in the blind is not how us Immigration Customs Enforcement operates.
Persons: LGB, Donald Trump’s, Santiago Marquez, Santiago, , ” Santiago, Diana Brier, Donald J, Trump, Donald J Trump, Jesus Christ, , Brier, she’s, I’m, ” Brier, she's, won’t, Gilda Pedraza, Pedraza, Marquez Organizations: FBI, Department of Justice, Black, Latin American Association, Immigration, Customs, NBC News, Executive ICE, ICE, Enforcement, Nellis Air Force Base, Las Vegas, Air Force, Las, Las Vegas FBI, Blacks, Latino Community Fund Georgia Locations: Georgia, Las Vegas, Brown, Nevada, Colorado
Courtesy Riley familyProsecutors have said a variety of forensic, digital and video evidence presented during the trial will point to Ibarra as Riley’s killer. The evidence includes a jacket police found in a dumpster near where Ibarra lived, which prosecutors say had both Ibarra’s and Riley’s blood on it. FBI Special Agent Jamie Hipkiss also testified about cellphone data he examined, which included photos on a phone connected to Ibarra from the early morning of Feb. 22. On Friday during opening statements, Ibarra’s defense attorneys said there was not enough evidence to prove Ibarra was guilty beyond a reasonable doubt. She fought for her dignity, and in that fight she caused this defendant to leave forensic evidence behind,” Ross said.
Persons: Laken Riley —, , Jose Antonio Ibarra, Riley, Tom, ” Ibarra, Donald Trump, Ibarra, Laken Riley, Rosbeli Flores Bello, Flores Bello, Diego Ibarra, Argenis Ibarra, James Berni, Jamie Hipkiss, Hipkiss, Diego, , Jose Ibarra, Rafael Sayan, ” Sayan, “ didn’t, ” Prosecutors, Layling Franco, Franco, Abeisis Ramirez, Dustin Kirby, Sheila Ross, Ibarra “, Laken, ” Ross Organizations: University of Georgia, U.S, Prosecutors, FBI, University of Georgia Police, Locations: Georgia, Athens, Venezuelan, New York City, Ibarra, Ibarra’s, New York
WASHINGTON — An ex-Army soldier who was previously court-martialed for shooting a handcuffed Iraqi civilian was sentenced to over four years in federal prison on Monday for assaulting officers during the Jan. 6 attack on the U.S. Capitol. Richmond was sentenced to 51 months in federal prison after he pleaded guilty earlier this year to a felony count of assaulting, resisting or impeding an officer with a deadly weapon. Both the prosecution and defense agreed that Richmond's sentencing guidelines were between 51 and 63 months in federal prison. Another Jan. 6 rioter, Christopher Maurer, was sentenced to 50 months in prison on Monday after pleading guilty earlier this year to assaulting, resisting, or impeding officers with a deadly or dangerous weapon. President-elect Donald Trump has described Jan. 6 defendants as "warriors," "unbelievable patriots," political prisoners and “hostages," and said he would "absolutely" pardon some, if not all, of the Jan. 6 defendants.
Persons: WASHINGTON —, Edward Richmond , Jr, Richmond, sleuths, “ Buff, herder, Zade, Prosecutors, John D, Bates, Christopher Maurer, Mauer, , Enrique Tarrio, Donald Trump, Vance Organizations: WASHINGTON — An ex, Army, U.S . Capitol, Capitol, FBI, Prosecutors, District, Boys, Trump, NBC, White Locations: WASHINGTON, WASHINGTON — An, Washington
A company tied to conspiracy theorist Alex Jones filed Monday to dispute the sale of the Infowars website to the parody site The Onion, calling it improper and unfair. In the morning, First United American Cos., a limited liability company that runs Jones’ online supplements store, filed an emergency motion to disqualify the winning bid of The Onion’s parent company, Global Tetrahedron,’ to purchase the Infowars media empire and other assets. The company running Jones’ online store had placed a competing bid against The Onion to purchase the estate. Infowars was briefly shut down after the sale was announced, NBC News reported, but it has resumed operating since. The proceeds from the sale of Infowars and Jones’ other assets will go toward his estate creditors, including the families of Sandy Hook victims.
Persons: Alex Jones, Cos, Jones, , Sandy Hook, FUAC, , , Infowars, ” Jones, Elon Musk, Donald Trump, Ben Collins —, ” Collins, InfoWars Organizations: Global, NBC News, X Corp Locations: United, Connecticut, Infowars
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