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Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. After struggling near the open, consumer staples is making a push higher on the daily S & P 500 sector leaderboard. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, There's, We're, Piper Sandler, Brown, Forman, Eli Lilly, Lilly, Jim Cramer's, Jim Organizations: CNBC, ., Constellation Brands, Corona, Modelo, Sunday, Abbott Laboratories, GE Healthcare, Novo Nordisk, Apple, Microsoft, Nvidia, Broadcom, Motors, Starbucks, Thor, Philadelphia Federal, Conference, Richmond, Jim Cramer's Charitable
The Dow Jones Industrial Average topped 42,000 this week for the first time ever, while the S & P 500 breached the 5,700 milestone, after the Federal Reserve cut interest rates by a half-percentage point. "A lot holds in the balance of the next couple or few days," said Katie Stockton, founder at Fairlead Strategies. .SPX 5D mountain S & P 500 On Friday, the 30-stock Dow, the S & P 500 and the Nasdaq Composite each closed higher by more than 1% for the week. The breakout is "'pending confirmation,'" Stockton said. Overall, Stockton expects that the longer-term setup for the S & P 500 is "a bit overdone."
Persons: Katie Stockton, Stockton, That's, Sam Stovall, Gee, Christopher Waller, Jerome Powell, Stovall Organizations: Dow Jones, Federal Reserve, Dow, Nasdaq, Stockton, CFRA, Fed, Chicago, PMI, Richmond Fed, New, Micron Technology, Transportation, . Kansas City Fed Manufacturing, Costco Wholesale, PCE Deflator, PCE Locations: . Kansas, Michigan
Now, the retail giant is turning to generative AI to drive more same-day shipping. But not all the changes that generative AI may bring to the e-commerce giant are positive. Robots and new rolesThe number of Amazon warehouse robots grew from 350,000 in 2021 to more than 750,000 in 2023, according to the company. "They're using generative AI and computer vision to avoid obstacles and find the right place to stop," Armato said. Amazon's AI is three times better at identifying damaged products than humans are, the company said.
Persons: Steve Armato, Armato, Lisa Setyon, Tom Forte, Forte, it's, Katie Tarasov Organizations: Amazon, CNBC, Amazon's, Maxim, Senate Locations: California, Tracy, U.S, Tracy , California, Richmond , California
My family of four had dinner at Shula's Steak House, a chain with a location at Disney World. Go to newsletter preferences Thanks for signing up! AdvertisementOn a recent trip to Disney World, my family and I decided we'd try a new restaurant — Shula's Steak House. The steak house, which is owned by Shula's Restaurant Group, is named after former Miami Dolphins coach Don Shula. The chain aims to carry on Shula's legacy, so each location has a loose football theme.
Persons: mignon, crème, , we'd, Don Shula Organizations: Disney, Service, Daily, Shula's Restaurant, Miami Dolphins, Business Locations: America, Florida, Chicago, Houston, Richmond , Virginia
When I don't have time to cook a full meal from scratch, I turn to Trader Joe's premade options. I love how versatile Trader Joe's white-chicken-meat grilled strips and Italian-style meatballs are. Trader Joe's Asian-style vegetables with stir-fry sauce is my go-to when I don't know what to make. Go to newsletter preferences Thanks for signing up! Trader Joe's has always been my go-to for quick dinner options when I'm craving a homemade meal but just don't have the time or energy to cook one.
Persons: Joe's, , I'm Organizations: Service, Business Locations: carpools
The family of an 11-year-old boy said he was suspended from his Virginia Beach, Virginia, school because administrators thought he waited too long to report that another student brought a bullet to class. An attorney for the family accused St. John the Apostle Catholic School of punishing the sixth grader when he was only trying to do the right thing. “They’re ruining this kid’s academic career by putting a suspension on his middle school record.”St. John the Apostle Catholic School in Virginia Beach. Anderson said a student pulled out a bullet and showed it to the 11-year-old right before the test started. “That was quite shocking to [his] mom that one, he would receive the exact same punishment that the kid that brought the bullet to school received.
Persons: John the, , , Tim Anderson, , Anderson, that’s, ” Anderson, Rachel Wigand, , ” Michael Riley, Wigand, ” She’s Organizations: John the Apostle Catholic, , John the Apostle Catholic School, Google, Catholic, NBC Locations: Virginia Beach , Virginia, ” St, Virginia Beach, Richmond, Portsmouth
With Trader Joe's less than a mile from my doorstep, grabbing groceries with my 1-year-old daughter in tow was, frankly, relaxing. AdvertisementThis is why I — a loyal shopper — started cheating on Trader Joe's with Aldi. Three weeks ago, I grabbed my Trader Joe's totes and headed to Aldi to pick up olive oil, lemons, and coffee. Related storiesAlthough the products weren't displayed with quirky signage like at Trader Joe's, the bare-bones set-up still had a huge variety of produce. After eyeing my receipt, I was an immediate Aldi convertI was loyal to Trader Joe's for over a decade, but after one shopping trip, I'm an Aldi convert.
Persons: , Aldi —, Katrina Kernodle Walsh, Aldi, Joe's, I've Organizations: Service, Business, Aldi Locations: Washington, Richmond , Virginia
In an aerial view, Amazon delivery trucks sit parked at an Amazon distribution center on July 16, 2024 in Richmond, California. Amazon is bumping its average national pay for contracted delivery drivers to roughly $22 an hour, up from $20.50 an hour, the company said Thursday. The Teamsters union has led a number of strikes at Amazon delivery facilities in the past year, and it's made organizing Amazon employees a key focus after launching a division dedicated to the online retail giant in 2021. Amazon has fought to avoid being designated as a joint employer of its contracted delivery drivers, arguing that the workers are employed by third-party firms. WATCH: Amazon delivery companies skip safety checks to keep up with quotas
Persons: Beryl Tomay, it's Organizations: Amazon, Teamsters, National Labor Relations Board Locations: Richmond , California, Las Vegas
CNN —Joan London knew when Tuesday’s debate began she would not vote for Donald Trump. Until this week’s debate in Philadelphia, though, she planned to honor her conservative principles and write in some other Republican. Her decision to back Vice President Kamala Harris was the most significant shift in the reaction we received from this group of voters during the debate and in its immediate aftermath. “Trump came off as irrational and desperate.”Vice President Kamala Harris speaks during the presidential debate at the National Constitution Center in Philadelphia on September 10. Doug Mills/The New York Times/Bloomberg/Getty ImagesOther Harris voters delighted in her success distracting and rattling Trump.
Persons: Joan London, Donald Trump, “ Harris, , Ronald Reagan’s, Nikki Haley, Trump, Kamala Harris, Chris Mudd, “ Trump, Kamala, ” Lisa Reissman, Harris, ” Reissman, Saul Loeb, Joe Biden, Biden, Davette Baker, Larry Malinconico, “ Kamala Harris, Linda Rooney, Haley, Rooney, “ She’s, ” Rooney, , “ Kamala, Cynthia Sabatini, ” Sabatini, Sabatini, “ I’m, Antonio Munoz, Munoz, ” Munoz, Zoila Sanchez, Sanchez, “ Donald Trump, ” Allen Naparalla, Naparalla, Doug Mills, Marvin Boyer, Donald, Natalya Orlando, Priscilla Forsyth, “ Kamala Harris ’, Rachel Kulak, Jaclyn Taylor, “ Kamala didn’t, ” Billy Pierce, ” Debbie Katsanos, Betsy Sarcone, Stanley Tremblay, we’ve, ” Gina Cilento Organizations: CNN, Republican, South Carolina Gov, , Trump, GOP, National Constitution Center, African American Democratic, Lafayette College, ” Voters, Harris, Media, Reagan Republican, Las, New York Times, Bloomberg, Getty, Trump loyalists, Democratic Locations: London, Berks County, Philadelphia, United States, Ukraine, Russia, Cedar Falls , Iowa, Wisconsin, Milwaukee, Northampton County , Pennsylvania, Delaware County, Las Vegas, Nevada, Cedarburg , Wisconsin, , New Hampshire, Sioux City , Iowa, Richmond , Virginia, Iowa, South Carolina
If GPS goes dark, Mesa Quantum has a backup plan
  + stars: | 2024-09-05 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com   time to read: +5 min
Cofounded by Mesa Quantum CEO Sristy Agrawal and CTO Wale Lawal in 2023, the company has won a $1.9 million Space Force grant to demonstrate its alternative to GPS technology in military and civilian applications. J2 Ventures cofounder and managing partner, Alex Harstrick, told CNBC his fund backed Mesa Quantum in part because of the founders' extraordinary technical background. Harstrick said his fund hopes that Mesa Quantum will have its first demonstration of mass scale "atomic clocks" (quantum timing sensors) validated by a top-tier semiconductor manufacturing partner" in the next few years. "The U.S. government has established major initiatives to spur innovation in this area and is seeking to purchase a million quantum sensors each year -- if they can simply be mass-produced," she explained. With its grant funding and seed round in place, Agrawal said, Mesa Quantum will look to grow its team in Boulder, especially hiring atomic molecular and optical physicists, engineers and manufacturing experts this year.
Persons: Truckers, Sristy Agrawal, Wale Lawal, Alex Harstrick, Agrawal, Lawal, Harstrick, He's, that's Organizations: GPS, Mesa Quantum, Space Force, J2 Ventures, CNBC, University of Colorado, National Institute of Standards, Technology, U.S . Air Force Academy, Rice University, Harvard, Mesa Quantum's Locations: Sao Paolo, Brazil, Richmond , Vermont, Ukraine, Boulder , Colorado, Boston, U.S, Boulder
Spokesperson Jillian Cowherd said the voter registration process is started at the DMV, but completed at the Virginia Elections Department. It’s also used to verify voter rolls. But user and data errors in the DHS system — such as confusing people who share the same name — have led to people being inaccurately flagged on voter rolls, Clapman said. She said Youngkin’s announcement of noncitizen voters “stokes election denial generally, undermining faith in election results. Last October, election officials under Youngkin removed nearly 3,400 legal Virginia voters from the rolls, after misclassifying probation violators as felons.
Persons: Glenn Youngkin, , Donald Trump, Mike Johnson, noncitizens, Youngkin, Trump, , Alice Clapman, Brennan, Johnson, Griffin Neal, Christian Martinez, Jossie Flor Sapunar, Jillian Cowherd, It’s, Clapman, it’s, Tony Castrilli, Castrilli, Gretchen Reinemeyer, Reese Brogdon, don’t, Reinemeyer, she’s, ” Reinemeyer, Brennan Center’s Clapman, “ stokes, ” Clapman, Virginia, Trump’s, J.Christian Adams Organizations: Virginia Gov, NBC News, NBC, stoke, Brennan Center for Justice, Louisiana Republican, SAVE, CASA, Social, Virginia Elections Department, Elections Department, Social Security Administration, of Homeland Security, DHS, Fairfax County, Local, The League, United Latin, Locations: Virginia, Local Virginia, Louisiana, Fairfax County, Arlington County, Manassas, Richmond
NVDA YTD mountain Nvidia Wall Street is bullish heading into Nvidia's earnings results next week, figuring any hiccups to its next generation AI chips does little to dim the earnings potential of a company that essentially has a monopoly on the market. Economists polled by FactSet anticipate PCE to show increases of 0.2% month on month and 2.6% from the year-earlier period. Wall Street anticipates that stocks could go higher from here, though the road from now to the end of the year could be bumpy. Other notable earnings results include tech names Salesforce and CrowdStrike, as well as consumer names such as Campbell Soup, Dollar General and Ulta Beauty. Earnings: Nvidia , Bath & Body Works , J. M. Smucker , Salesforce , CrowdStrike , NetApp , HP Thursday Aug. 29 8:30 a.m.
Persons: Nvidia's, chipmaker, they've, Harsh Kumar, Piper Sandler, Blackwell, Jensen Huang, Jim Cramer, Kumar, Louis Navellier, Jerome Powell, Jackson, Powell, FactSet, David Miller, Miller, Kamala Harris, Donald Trump, He's, Campbell, Lululemon Organizations: Nvidia, Blackwell, Navellier, Associates, Federal Reserve, PCE, Nasdaq, Dow Jones, U.S, Catalyst Funds, Ulta, Dallas Fed, Richmond Fed, Body, HP, Autodesk, PCE Deflator, Chicago PMI Locations: Russia, Ukraine, Chicago, Michigan
Debby's influence remained strong on Friday, when the National Weather Service warned that rainfall could reach 15 to 25 inches in the Northeast and New England. Major flooding hit Tioga County, Pennsylvania, and neighboring Steuben County, New York. Binghamton, New York, measured 1.94 inches of rain and Avoca, Pennsylvania, saw 1.43 inches, according to the service. More than 362,000 utility customers in Ohio, New York, Pennsylvania, New Jersey and Vermont were without power early Friday evening, according to utility tracker PowerOutage.us. Authorities in Berkeley County, South Carolina, said early Friday that 2 to 3 feet of fast-moving water was rushing through streets of Moncks Corner, north of Charleston, prompting multiple rescues.
Persons: Debby, Kathy Hochul, Josh Shapiro, Hochul, Way, Marc Rice, Shane Nickerson, John F, Roy Cooper Organizations: National Weather Service, . New York Gov, Tahesha, Pennsylvania, Hershey, LaGuardia Airport, John, Kennedy International, Amtrak, Penn, York Yankees, Texas Rangers, Station, Washington , D.C, Richmond Staples, Gov, Emergency Management Locations: New England, East, Carolinas, Vermont, Canada, Northeast, South Carolina, New Jersey, Tioga County , Pennsylvania, Steuben County , New York, Tioga County, Steuben, Addison, Jasper, Steuben County, Johnson City , New York, Pennsylvania, Syracuse , New York, Binghamton , New York, Avoca , Pennsylvania, Ohio , New York , Pennsylvania, United States, New York, New, Stamford , Connecticut, Friday's, Washington ,, Richmond, Virginia, Berkeley County , South Carolina, Charleston, , South Carolina, Great, Mississippi, Minnesota
With only days to consider a range of contenders, Ms. Harris and her team were inundated with unsolicited advice — much of it public — about whom she should pick. Andy Beshear of Kentucky, who has also been vetted by the Harris team, appeared at a Harris campaign fund-raiser in Chicago. Mr. Biden was at home in Wilmington, Del., over the weekend while Ms. Harris interviewed prospective running mates in Washington. A White House spokesman did not immediately respond to a request for comment about whether he had spoken to Ms. Harris as she finished her deliberations. Once she chooses, Ms. Harris will spend much of the next week with her running mate.
Persons: Kamala Harris, Harris, Barack Obama, Harris’s, , Josh Shapiro, Tim Walz, Donna Brazile, , you’re, Brazile, Paul, Caroline Yang, Obama, Shapiro, Nancy Pelosi, Walz, Pelosi, I’m, Nancy, Gerry Connolly, Ms, there’s, Kamala, it’s, Andy Beshear, Biden, Rachel Wisniewski, . Walz, Mark Kelly, Jen O’Malley Dillon, Sheila Nix, Tony West, Cedric Richmond, Eric H, Holder Jr, Dana Remus, Theodore Schleifer, Nicholas Nehamas, Christina Morales Organizations: Democratic Party, Democratic, Pennsylvania, Democratic National Committee, The New York Times, CNN, Democrat, White Locations: Atlanta, Philadelphia, Gaza, Minnesota, St, Virginia, Minneapolis, Kentucky, Chicago, Washington, Arizona, Wilmington, Del, San Francisco
A sign is posted in front of a Taco Bell restaurant on May 01, 2024 in Richmond, California. Yum Brands on Tuesday reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales. Yum's same-store sales fell 1% in the quarter as both Pizza Hut and KFC reported same-store sales declines of 3%. And although the chicken chain's system sales picked up this quarter in China, its largest market, KFC's overall international same-store sales fell 3%. Pizza Hut's U.S. same-store sales decreased 1%, while its international same-store sales declined 4%.
Persons: Yum, Taco Bell Organizations: Taco Bell, Yum Brands, KFC, LSEG Locations: Richmond , California, U.S, China
Safe-haven gold firms on U.S. recession fears, rate-cut bets
  + stars: | 2024-08-05 | by ( ) www.cnbc.com   time to read: +2 min
Two Argor-Heraeus SA 250 gram gold bars at Solar Capital Gold Zrt. Gold prices drifted higher on Monday, aided by worries that the United States could be headed for a recession and rising bets that the Federal Reserve will likely need to start cutting interest rates aggressively. Spot gold rose 0.14% to $2,446.83 per ounce, as of 0519 GMT, after falling 1% earlier in the session. "Gold is picking up safe-haven flows, with financial markets in a risk-averse mindset to start the week," said Tim Waterer, chief market analyst at KCM Trade. Share markets tumbled and bonds rallied in Asia as U.S. recession fears sent investors rushing from risk assets.
Persons: Tim Waterer, Thomas Barkin Organizations: Heraeus, Solar, Federal Reserve, KCM, Richmond Fed, P Global, Pentagon Locations: Budapest, Hungary, United States, Asia, U.S, Iran
The vice president likes to take her time with decisions. “This is a decision that is not just a campaign decision,” Transportation Secretary Pete Buttigieg said in an unrelated interview with CNN last week. “The vice president has a very deeply personal decision to make right now. Andy Beshear and several other governors over to her residence for what became a gripe session about the Biden campaign in February. Obama reminded his former vice president that they had not gotten along well at first.
Persons: aren’t Kamala Harris, Harris, it’s, , ” Harris, they’re, Josh Shapiro, Joe Biden’s, , they’ve, Pete Buttigieg, Shapiro, Harris –, Biden, Mike Pence, don’t, Tim Walz, JB Pritzker, Andy Beshear, Beshear’s, Arizona’s Mark Kelly, Doug Emhoff, , Cedric Richmond, ” Richmond, Barack Obama, Eric Holder, Dana Remus, Donald Trump’s, Lorraine, Tony West, Jen O’Malley Dillon, Obama, Adam Schiff, ” CNN’s John King Organizations: CNN, Naval, Democratic Party –, Pennsylvania Gov, Staff, Biden, Veterans, Publishers Clearing House, Minnesota Gov, Illinois Gov, Kentucky Gov, Senate, Harris, White, Trump, Democratic, California Democrat Locations: Houston, Philadelphia, Pennsylvania, Minnesota, Illinois, Kentucky, California, Louisiana, Arizona
Dominion Energy is exploring the possibility of connecting a data center directly to a nuclear plant in Connecticut, as the tech sector hunts for carbon-free electricity to power artificial intelligence applications. "We're certainly open to the idea of a co-located data center," Dominion CEO Robert Blue told analysts on the company's second-quarter earnings call Thursday when asked about Millstone. The utility, headquartered in Richmond, serves northern Virginia, the world's largest data center market. Dominion has connected nine new data centers so far this year with plans for a total of 15 by the end 2024. Amazon Web Services bought a data center powered by a Talen Energy nuclear plant in Pennsylvania for $650 million in March.
Persons: Robert Blue, Blue Organizations: Dominion Energy, Millstone Power, Dominion, U.S . Dominion, Web Services, Energy, AWS, Constellation Energy, Wall Locations: Connecticut, Waterford , Connecticut, Millstone, U.S, Richmond, Virginia, Pennsylvania, East Coast
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation has been 'streaky' and a rate cut may be premature, says former Richmond Fed president Jeff LackerJeffrey Lacker, former Richmond Fed president, joins 'Squawk on the Street' to discuss why he believes the inflation remains murky and recession may be fears are overblown ahead of the Fed meeting.
Persons: Jeff Lacker Jeffrey Lacker Organizations: Richmond Fed
CNN —Kamala Harris’ plan as a running mate was to brush past JD Vance as nothing but a rubber stamp for Donald Trump. Vance’s elevation — despite his relative lack of government experience — is giving Harris a new opportunity to go after Trump. Several people hoping to get picked as Harris’ ticket mate echoed that message as they angle for the job. Harris, 59, has the unique experience of leading a selection process only four years after going through it herself. “We’re in a position where somebody has done the job of vice president,” a Harris adviser told CNN.
Persons: CNN — Kamala Harris ’, JD Vance, Donald Trump, Harris, Vance, shouldn’t, Joe Biden, , Mitch Landrieu, Biden, MAGA, Trump, whacking Vance, ” Landrieu, He’s, ” Harris, , Cedric Richmond, , J.B . Pritzker, Pritzker, Hitler ”, Pete Buttigieg —, South Bend , Indiana —, I’m, Steven Cheung, Vance “, Kamala, Eric Holder, Sheila Nix, Barack Obama, “ Harris, James Singer, Arizona Sen, John McCain, Sarah Palin, McCain, Palin, Karoline Leavitt, Donald Trump’s, ” Pritzker, ” “, Trump’s, Harry Truman, ” Buttigieg, Roosevelt, Time, ” Richmond Organizations: CNN, Democratic, Trump, Ohio Republican, Senate, NASA, Biden White, Gov, Transportation, ” Trump, Alaska Gov, Alaska —, City, Biden Locations: Ohio, United States, Louisiana, South Bend , Indiana, Massachusetts, Arizona, Alaska, Wasilla
Harris opens up new potential paths to victorySince entering the race, Harris has shown momentum in early polling. This became worrisome for the Biden campaign as warning signs flashed in states like Virginia and New Hampshire. The positive early polling is a great sign for the vice president, but it isn't the only metric that shows momentum. Trump's pick for vice president makes things interestingVice presidential picks are far from guaranteed to help a presidential hopeful win a state. With Biden out of the race, Democrats will likely seek to tie the election — anchored by Harris' candidacy — to the party's future.
Persons: , Kamala Harris, Donald Trump, Lyndon B, Johnson, Joe Biden's, Biden, Biden's, Trump, Harris, isn't, Sen, JD Vance, MAGA, Joe Biden, hto4J6PkOw —, Harry Enten, Harris —, Al Gore, George W, Vance, Ohio Sen, Win McNamee, Doug Emhoff, Mike Pence, John McCain of, Jim Vondruska, Mark Kelly of Arizona, Josh Shapiro, Tim Walz, Andy Beshear, Roy Cooper of, JB Pritzker, Gretchen Whitmer, Pete Buttigieg, Cedric Richmond of, Kelly, Shapiro, Walz Organizations: Service, The United, Democratic, Business, Democrats, Republican National Convention, Democratic National Convention, GOP, New York Times, Trump, Biden, Harris, CNN, Electoral, NV, Omaha -, Black, Anselm College, Convention, Ohio, Ohio Republican, Senate, Ohio Republicans, White, Getty, Pennsylvania, Bloomberg, Illinois, Navy Locations: The United States, Vietnam, Harris, Chicago, Ohio, Siena, Michigan , Wisconsin, Pennsylvania, Omaha, Nebraska, Virginia, New Hampshire, Minnesota, New Mexico, North Carolina, Georgia, John McCain of Arizona, Michigan, Kentucky, Roy Cooper of North Carolina, Cedric Richmond of Louisiana, Arizona, Wisconsin
Two of these people said the aim of the years-long redesign — which also includes a fresh look for the Goldman website — was to give the firm's marketing materials a more "premium" feel. The photo was recently posted on Goldman's LinkedIn page Screenshot from Goldman Sachs' LinkedIn page"The Goldman Sachs wordmark is a piece of custom typography inspired by our heritage," the brand guidelines obtained by BI say. These people say they understand the changes cost Goldman Sachs millions of dollars. A screenshot of Goldman's website redesign plan with the G and the S joined on the right. Now fresher, brighter, and optimized for digital, the new Goldman Sachs blue is the only Goldman Sachs blue."
Persons: , Goldman Sachs, Sachs, Emmalyse, David Solomon, Goldman Sachs wordmark, Goldman, Fiona Carter, Jones Knowles Ritchie —, Burger, Marcus, Reed Alexander Organizations: Service, Business, Goldman, BI, Goldman's, GS, Apple Locations: Goldman, Sachs, British
Treasury yields slip as investors weigh state of economy
  + stars: | 2024-07-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
ET, the yield on the 10-year Treasury was down by over one basis point to 4.2427%. The yield on the 2-year Treasury was last over one basis point lower to 4.5105%. U.S. Treasury yields were slightly lower on Tuesday as investors considered the outlook for the U.S. economy ahead of key data slated for the week. Investors awaited the latest economic data as they assessed the state of the U.S. economy and what this could mean for monetary policy decisions by the Federal Reserve. Markets are not expecting interest rates to be cut then but are anticipating clues about a timeline for monetary policy being loosened.
Persons: Jerome Powell Organizations: Treasury, U.S, Investors, Federal Reserve, Richmond Fed, Fed, Traders Locations: U.S
It’s becoming harder to get — and keep — a car
  + stars: | 2024-07-22 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +6 min
Cook did the math, made a pros and cons list, and bought a new car. Courtesy Greg CookHis car — the monthly payment, the fast-rising insurance, fuel and maintenance costs — takes up a 30% share of his monthly budget. And buying a car is no cakewalk either: Credit is increasingly harder to come by and rejection rates are spiking. Instead, consumers have been presented with a higher bar, including requirements for a heftier down payment and a higher credit score, he said. More restrictive lending typically equates to approval rates going down and rejection rates rising.
Persons: Greg Cook’s, he’d, I’ve, , Cook, Greg Cook, , Jeremy Robb, “ Everyone’s, Robb, David Paul Morris, they’re, repossessions Organizations: CNN, Cox Automotive, Federal Reserve Bank of New, Federal, Bloomberg, Getty Locations: Oregon, Federal Reserve Bank of New York, Richmond , California
One, in particular, summed up the mood among Biden’s donors, he said. After weeks of turmoil over the future of the Democratic ticket, Kessler said the campaign donors he’s courted as a bundler for Biden’s campaign are turning their full attention to Harris and committing to work on her behalf. On Sunday afternoon, the Biden campaign filed paperwork with federal election regulators, transforming itself into the “Harris for President” committee. Lindelof was among the contributors who had called on fellow Democratic donors to stop writing campaign checks. Morgan had planned a fundraiser for the Biden campaign in Florida, but those plans had been put on hold because of the tumult unleashed by the June 27 debate .
Persons: Alan Kessler, Joe Biden, Kamala Harris, Kessler, he’s, Harris, “ They’re, , Matt Gorman, ” Gorman, Biden, it’s, that’s, Donald Trump’s, “ Harris, It’s, Cedric Richmond, ” Richmond, , Donald Trump, , ” Damon Lindelof, Instagram, Lindelof, , there’s, they’re, Dick Gephardt, John Morgan –, , Morgan, Andy Beshear, Gretchen Whitmer, Josh Shapiro, Will, “ Will, CNN’s MJ Lee Organizations: CNN, Democratic, Sunday, Democratic National Committee, Biden, Trump, , Trump –, Pennsylvania Locations: Philadelphia, Hollywood, Florida, Kentucky, Michigan, California, Mexico
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