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Credit markets face challenges, but opportunities exist in corporate bonds and cheap optionality. But when times are tight, companies deleverage until their debt is less than their cash flow. The yields in corporate bonds aren't much higher than in government bonds, meaning less compensation for more risk. Advertisement"This trade works if natural gas prices remain stable or rise, leading the energy bond to outperform the overall corporate bond market," Rieder said. "It's an excellent opportunity to capitalize on the current tight credit spread conditions and complacency in the overall credit market."
Persons: , Goldman Sachs, David Kostin, Mark Rieder, Rieder, I've Organizations: Service, Fed, Treasury, Bloomberg, Business
Markets: The post-election rally on Wall Street continued into afternoon trading, with the Dow Jones Industrial Average jumping 3.4%, or roughly 1,450 points, and the S & P 500 advancing 2.4%. It's worth noting, the stock market was reacting like Jim Cramer said it would in his Sunday column . The one thing markets hate is uncertainty, and Wednesday's rally can be attributed, in part, to relief that Wall Street professionals and individual investors alike know where they stand and what to expect from the country's next president. Bond yields move inversely to prices, and a basis point is equal to 0.01%. "You have to be very careful to respect the bond market if you do any buying today," Jim said.
Persons: Jim Cramer, Donald Trump, Kamala Harris, Morgan Stanley, Jim, It's, Yun Li, Trump, Harris, Jerome Powell's, we'll, Jim Cramer's Organizations: CNBC, ., Wall, Dow Jones, Trump, Republican, NBC, Senate, NBC News, Wells, BlackRock, Energy, Coterra Energy, Honeywell, Federal, White, Arm Holdings, Qualcomm, Bros, Moderna, Barrick Gold, Halliburton, Hershey, Air Products, Chemicals, Warner Bros ., Jim Cramer's Charitable
I spent 11 months fixing up our house so my son could get married in our backyard. The author decided to host his son's wedding in his backyard to save costs. Over the next 11 months, the four of us worked tirelessly to create the perfect wedding venue. The author redid his whole backyard for his son's wedding. AdvertisementThe author's backyard before and during his son's wedding.
Persons: , Mikayla, they'd, I'd, we'd Organizations: Service, Bobcat, Craigslist, Army Locations: That's, Southern California, Yorba Linda, Sage, Georgia, Washington state
He says his super PAC will "keep going" after this election and is "preparing for the midterms." Musk said he's interested in combating the influence of George Soros in district attorney races. AdvertisementElon Musk signaled on Tuesday that he plans to remain a major player in American politics, even after the 2024 election. At the end of an X Space on Tuesday evening, Musk told listeners that America PAC, the super PAC that the billionaire businessman has funded with at least $119 million, will "keep going after this election." Musk said that his super PAC was "preparing for the midterms and any intermediate elections, as well as looking at elections at the district attorney level."
Persons: Elon Musk, Musk, he's, George Soros, , It's, who's, Soros, DAs, Larry Krasner, Koch, Sue Altman Organizations: PAC, Service, America PAC, Soros, GOP, Democrat Locations: Philadelphia, Musk's, New Jersey
Republicans are projected to retake the majority in the US Senate. AdvertisementRepublicans are projected to regain control of the US Senate after winning seats in West Virginia and Ohio, according to Fox News and the Associated Press, ending four years of Democratic control. Republicans also appeared likely to win a 52nd seat in Montana, where Sen. Jon Tester trailed the GOP candidate Tim Sheehy. Despite dramatically outraising Republicans in many of this year's tightest Senate races, Democrats faced a punishing map and were primarily on defense. Democrats' best pick-up opportunity in the Senate was in Texas, where Republican Sen. Ted Cruz ultimately survived a tougher-than-expected challenge from Rep. Colin Allred.
Persons: , Sen, Joe Manchin, Sherrod Brown, Bernie Moreno, Deb Fischer, Dan Osborn, Jon Tester, Tim Sheehy, Republican Sen, Ted Cruz, Colin Allred, Kamala Harris, Donald Trump Organizations: Service, Fox News, Associated Press, Democrats, GOP, Republican, Republicans, Senate, Democratic Locations: West Virginia, Ohio, Nebraska, Montana, Pennsylvania , Michigan, Wisconsin, Nevada, Arizona, Texas
Taylor Swift has become a regular at Kansas City Chiefs games since she started dating Travis Kelce. Her NFL style was initially laid-back, as she appeared in simple sports jackets and sweatshirts. Now, Swift has leaned into luxury and subtle nods to Kelce for her gameday looks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Chiefs continued their winning streak for the season by beating the Buccaneers, but it's Swift's gameday fashion that continues to make headlines.
Persons: Taylor Swift, Travis Kelce, Swift, Kelce, , Tim Ellis Organizations: Kansas City Chiefs, Service, NFL, Arrowhead, The Chiefs, Buccaneers Locations: Arrowhead
Donald Trump defeated Kamala Harris in the 2024 election. Photos from watch parties across the US showed mixed reactions. Harris watch parties turned somber, while Trump watch parties became jubilant. AdvertisementFormer President Donald Trump is headed back to the White House for a second, non-consecutive term after defeating Vice President Kamala Harris in the 2024 election. Throughout election night, the mood shifted dramatically at watch parties hosted by Democratic and Republican groups.
Persons: Donald Trump, Kamala Harris, Harris, Trump, , Joe Biden Organizations: Service, White, Democratic, Republican
Annie Korzen and her husband, Benni Korzen, have been married for 60 years. Annie Korzen said they eat different dinners, because eating the same food feels like a "sacrifice." AdvertisementThis as-told-to essay is based on a conversation with Annie Korzen, an 85-year-old actor, writer, and social media influencer based in LA, and the author of "The Book of Annie." The Korzens prefer different cuisines, so Annie tends to eat Asian and Italian-inspired meals, while Benni eats traditional Danish foods. It's not very practical to eat different food every night, and I don't like wasting food, for financial and ecological reasons.
Persons: Annie Korzen, Benni, , Annie, we're, Annie Korzen It's, It's, we've, Dane, I'm Organizations: Service Locations: LA, New, Denmark, India, Danish, Bronx
Goldman Sachs CEO David Solomon on Wednesday commented on Donald Trump's election victoryIn a memo to staff, he said that the bank looks forward to working with Trump on "sound policies." AdvertisementGoldman Sachs CEO David Solomon spoke out Wednesday on the election of Donald Trump as the 47th president of the United States. In a memo to the firm's workforce, Solomon congratulated Trump, who defeated Vice President Kamala Harris in a decisive victory. He said the firm was looking "forward to working with the new administration in support of sound policies that enhance economic growth and financial stability." Related Video How Twitter panic took down Silicon Valley BankMayo also expects a Trump administration to boost dealmaking, including M&A and IPOs — potentially to record levels.
Persons: Goldman Sachs, David Solomon, Donald Trump's, Trump, , Donald Trump, Solomon, Kamala Harris, Mike Mayo, Mayo, Read, , David, Emmalyse Brownstein, Reed Alexander Organizations: Trump, Service, Valley Bank Mayo, Global Banking, Markets, Asset, Wealth Management Locations: United States, Wells Fargo, Valley
"Until I Kill You" shares a link with Netflix's "Baby Reindeer:" they both involve the same London pub. AdvertisementTrue crime dramas "Until I Kill You" and the Netflix megahit "Baby Reindeer" share a surprising connection: they both involve the same London pub. Related Video Expert sword master rates Henry Cavill's sword-fighting skills in 'The Witcher' for realismShe said: "It was a bank holiday Monday, I went to the Hawley Arms pub. The Hawley Arms is also the pub where "Baby Reindeer" creator Richard Gadd met Fiona Harvey, the woman the show's stalking character is based on, for the first time. In February 2008, a fire broke out in Camden Market which spread and damaged the Hawley Arms.
Persons: Delia Balmer, John Sweeney, , Anna Maxwell Martin, Shaun Evans, Balmer, Sweeney, Melissa Halstead, Paula Fields, Henry Cavill's, Hawley, Richard Gadd, Fiona Harvey, Gadd, Harvey, Donny Dunn, Martha Scott, Jessica Gunning, Neil Mockford, Amy Winehouse, Craig Seymour, Craig, babydoll, Amy, Liam Gallagher, Pete Doherty, Noel Fielding, Razorlight Organizations: Service, Netflix, ITV, Oasis Locations: British, London, Hawley, Camden
Toyota and BMW both reported plunging profits on Wednesday. China's EV giants like BYD are squeezing out foreign automakers and increasingly expanding into the premium market. AdvertisementChina's EV giants are rising, putting foreign automakers under pressure in the world's largest car market. Toyota and BMW reported a drop in quarterly profits on Wednesday, with sales in China slumping for both companies as they face growing competition from local automakers like BYD. In China, meanwhile, Toyota is facing fierce competition from local EV giants like BYD.
Persons: , BYD, Xiaomi Organizations: Toyota, BMW, EV, Service, Sales, Mercedes, Audi Locations: China, Japan
Analysts expect Trump's economic policies to increase inflation, and push interest rates higher. AdvertisementDonald Trump's victory is set to herald a new era of higher inflation, tighter monetary policy, and surging cryptocurrencies, analysts said in initial reactions to the presidential election result. The economic impact of Trump's second term is likely to be volatile, said Lindsay James, investment strategist at UK-based Quilter Investments. However, such cuts could be shortlived if Trump's trade policies, which include proposed near-universal tariffs, prove to be inflationary as expected. Bitcoin could hit $100,000One asset that analysts expect to surge in the wake of Trump's victory is bitcoin, which rallied sharply early on Wednesday morning.
Persons: Donald Trump, , Donald Trump's, Lindsay James, Elon Musk, Thomas Matthews, Trump, Russ Mould, AJ Bell Organizations: Service, Investments, Federal Reserve, Capital Economics, Rabobank, White
During his first term, Trump imposed tariffs on key industries in both Europe and China. AdvertisementThis time around, analysts told BI that Trump's policies could have a particular impact on Europe. Related storiesEurope is particularly vulnerable to Trump's aggressive trade policies for two main reasons, said Nigel Green, CEO of financial advisory firm deVere Group. AdvertisementDonald Trump met European Commission President Ursula von der Leyen at the World Economic Forum in Davos in 2020. Steven Kennedy, the most senior civil servant in Australia's Treasury department, said Wednesday he expected Trump's tariffs to impact the country's economy.
Persons: Donald Trump's, Trump, , Donald Trump, Bilal Hafeez, Nigel Green, Green, Morningstar, Trump's, Michael Brown, Ursula von der Leyen, JIM WATSON, Steven Kennedy, Kennedy, Fitch, Latinvex Organizations: Service, European Union, Macro, Economic, of Chicago, Street Journal, deVere, Pharmaceuticals, Morningstar DBRS, Trump, stoke, European, Getty, European Commission, Treasury, News.com.au Locations: Europe, China, Ukraine, Davos, Australasia, Latin America, America, Mexico
But he's also expected to win the popular vote, and he did unusually well in deep-blue states. Across several of those states, Trump exceeded his own previous performance in 2020 — in other words, Harris fared worse than President Joe Biden. Here's how Harris is doing compared to Biden in 2020, according to unofficial results from the Associated Press:Illinois — Harris leads Trump by more than 8 points. In 2020, Trump won Texas by just 5.6 points. According to exit polling, Trump won 45% of the Hispanic and Latino vote, including 54% of Hispanic and Latino men.
Persons: he's, , Donald Trump's, Kamala Harris, Trump, Harris, Joe Biden, Here's, Biden, Associated Press : Illinois — Harris, . New Jersey — Harris, . New York — Harris, Connecticut — Harris, Maryland — Harris Organizations: Service, Republican, Wednesday, Associated Press : Illinois, Biden, Trump, Maryland, Texas, Miami, NBC, CNN, CBS, ABC, Democratic Locations: . New Jersey, . New York, Connecticut, California, Florida, Dade County
Following the trade, Jim Cramer's Charitable Trust will own 325 shares of HON, decreasing its weighting to 2% from 2.45%. With Honeywell shares rallying Wednesday alongside other industrials as part of the "Trump Trade," it's an opportunity to sell into strength a stock that has disappointed. We will realize a small gain of about 2% on stock purchased in late 2021. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Jim Cramer's, Donald Trump, Morgan Stanley, Jim Cramer, Jim, Republican Donald Trump, Andrew Kelly Organizations: Honeywell, Republican, U.S, NBC, Trump Trade, CNBC, Home Depot, New York Stock Exchange Locations: Wells Fargo, Depot, U.S, New York City
Mark Cuban, a key Harris surrogate, congratulated Trump in a post on X before the race was called. Cuban also congratulated Elon Musk — who's been a major Trump donor and staunch GOP supporter. AdvertisementVote counting is still underway, but Mark Cuban, a key campaign surrogate for Vice President Kamala Harris, has called the race for her opponent, former President Donald Trump. In an X post on Wednesday, Elon Musk, one of Trump's most vocal supporters, said the former president had been given a "crystal clear mandate for change." Representatives for Cuban and the Harris campaign did not immediately respond to requests for comment from Business Insider.
Persons: Mark Cuban, Trump, Harris, Cuban, Elon Musk, , Kamala Harris, Donald Trump, Joe Biden's, Elon, Cedric Richmond, Walz campaign's, Richmond Organizations: Trump, GOP, Service, Democratic, White, Howard University, Cuban, Business Locations: Arizona , Michigan, Wisconsin, America
Europe could take a hit to GDP in a second Trump presidency, Goldman Sachs analysts say. Europe could face a big hit to economic growth as trade tensions increase, Goldman Sachs analysts said. The analysts downgraded their growth forecasts across the region, down to 0.8% from their previous forecast of 1.1% for 2025. AdvertisementThe analysts point to renewed trade tensions fueled by Trump's proposal for sweeping tariffs on all US imports. More significant than the actual tariff increases, though, will be the trade policy uncertainty that comes with them, the analysts say.
Persons: Goldman Sachs, , Trump, Joachim Nagel, Christine Lagarde Organizations: Trump, Service, EU, NATO Locations: Europe, TPU, Germany, Sweden, Switzerland, China, Ukraine
She got her first credit card as a freshman to build up her credit score and kept a strict budget. Griffin now uses her AmEx cards to earn points for travel costs and flew to Japan for free. I'd marked all the due dates in my calendar, and I was never late for a credit card payment. AdvertisementIn addition to all the benefits I've received when traveling, my credit cards helped me raise my credit score to 755. I never stop learning about financeI think college students should consider getting a student credit card with no fee.
Persons: Skylar Griffin, Griffin, , I'd, I've, I'm, Amex isn't Organizations: Service, Columbus State University, Bank of America, Marriott, Hilton, Hertz, Rentals, Business, of America Locations: Japan, Georgia, New York, Bahamas, Japan , New York, Miami
Many of the efforts were focused on allocating more funds for affordable housing. They voted for a slew of measures, most of which will create additional funding for affordable housing. Affordable housing bonds in Rhode Island, North Carolina, and BaltimoreSeveral cities and states along the East Coast voted on Tuesday to fund affordable housing bonds. Proponents of stricter rent control say preventing landlords from price gauging is key to protecting the most vulnerable tenants. Freemark argued that it's unclear what the mixed results on rent control mean for the pro-housing movement.
Persons: , Donald Trump's, Yonah, Karen Bass, Angelenos, Charlotte, Hill, Anselmo —, Freemark, I'm Organizations: Service, Trump, Republican Party, Urban Institute, LA, East Coast, Orlando In, Denver Locations: Angeles, Los Angeles County, LA, Rhode Island , North Carolina, Baltimore, Rhode Island, homebuyers, North Carolina, Asheville, New Orleans, Orlando, Orlando In New Orleans, Orlando , Florida, Denver, California, Hoboken , New Jersey
After graduating from college, Dalia Goldberg found a job working in marketing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A freelancer had written the article using the knowledge they'd gained from living in Spain and running a travel blog. While I worked with freelance writers every day as part of my job, I had no idea what it was like to actually be one. AdvertisementIf you're planning a move abroad or a big life change, there are going to be moments when you want to quit.
Persons: Dalia Goldberg, , I'd, I've, Canada I'd, It's, it's, you'll Organizations: Service Locations: Berlin, Spain, Canada, Málaga, Germany, Europe, Greece, Istanbul, Budapest, Bucharest
Paso Robles also has more affordable and unique tastings compared to Napa Valley. I've visited Napa over 20 times, but over the past few years, Paso Robles has stolen my heart. AdvertisementAdding to that diversity is the low barrier to entry in the Paso Robles wine industry. Where you can wine and dineAnother reason I keep going back to Paso Robles is the fantastic restaurant scene. The wine-making world is slowly starting to learn about Paso Robles, but the town itself remains a hidden gem.
Persons: Paso Robles, , You'll, Justin, JUSTIN, I've, Andrew Jones, Neeta Mittal, that's, Mittal, Kunal, Jones, Anneta, there's, Bolognese, Robles Organizations: Service, Recordings, Field, Michelin Locations: California, Napa Valley, Napa, Paso, Paso Robles, Bay Area, Angeles, San Francisco, Tin, Tin City, Silicon Valley, There's
Trump has been declared the winner in ten states, including Florida, while Harris has won seven. AdvertisementPolls have now closed in the key swing states of Georgia, North Carolina, Michigan, and Pennsylvania. Each state gets a set number of votes that correlates with its population — if a state has two US senators and three House members, it has five electoral votes. The winner must get at least 270 electoral votes — a majority of the 538 total. She has generally polled better in these states than the Sun Belt states of Arizona, Nevada, Georgia, and North Carolina.
Persons: Trump, Harris, Mark Robinson, , Donald Trump, Kamala Harris, it's, Josh Stein, Robinson, we'll Organizations: Dems, Service, Loudon, Democrats, Trump, Biden, gubernatorial, North Carolina, Fox News, NBC, Gov, CNN, College, Electoral, Sun Locations: Florida, North Carolina, Virginia, Alabama , Arkansas , Indiana, Florida , Kentucky , Mississippi , Oklahoma, South Carolina , Tennessee, West Virginia, Connecticut , Illinois, Maryland , Massachusetts , New Jersey, Rhode Island, Vermont, Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Northern Virginia, Loudon, It's, Trump, North, North Carolina , Michigan, Pennsylvania, Nevada, Pennsylvania , Michigan, Arizona , Nevada , Georgia
Business Insider asked interior designers to share ways to make a bathroom feel more luxurious. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The good news is that it's typically unnecessary to budget for a full overhaul, as there are simple yet impactful ways to add luxurious touches to a bathroom. That's why Business Insider asked New York-based interior designer Alvin Wayne and Portland-based interior designer Hannah Lichtenthaler of Allison Smith Design to share ways to transform any bathroom into a luxurious space.
Persons: , Alvin Wayne, Hannah Lichtenthaler, Allison Smith Organizations: Service, HGTV, Business Locations: York, Portland
The 2024 election may have shown the mainstream media is losing its grip on political commentary. AdvertisementThe campaigns in this year's presidential election have shone a light on the waning influence of mainstream media. AdvertisementWhile mainstream media outlets are establishing growing audiences on apps like TikTok, young people still tend to get their news from influencers and non-legacy media accounts. Doug Eldridge, founder of Achilles PR agency, told BI that legacy media outlets will use the election to reassess their next steps. "Much like the dinosaurs, the legacy media will either adapt or become extinct."
Persons: , Brett Spencer, Harris, Trump familiarized, Joe Rogan's, Paul Reilly, Rogan, Trump, Elon Musk, Alex Cooper's, Kamala, Brandon Harris, Edison, There's, Jessica Coen, Jess Rauchberg, Doug Eldridge, Achilles, Eldridge Organizations: Service, City St, University of London, Trump, Newsweek, University of Glasgow, X, Journalism, Creative Media, University of Alabama, Pew Research Center, News Locations: City, City St George's, TikTok
China told its sailors on Monday to avoid posting about their jobs on dating apps. In the last year, China has pushed hard on warnings about online habits that it deems are security threats. AdvertisementChina's navy warned its younger members on Monday to avoid publicizing their military careers on dating apps over concerns of security breaches by foreign entities. The internet has traps," the People's Liberation Army Navy's official propaganda arm wrote in a social media post for the "internet generation." Related Video China shows how it would attack Taiwan as tensions rise"Nowadays, dating apps have emerged in an endless stream," the post reads.
Persons: , Xi Jinping, Li Shangfu Organizations: Service, People's Liberation Army, Microsoft, Defense Locations: China, Taiwan, Beijing, Washington
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