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Here’s a look at the world's first comprehensive set of AI rules:HOW DOES THE AI ACT WORK? The law’s early drafts focused on AI systems carrying out narrowly limited tasks, like scanning resumes and job applications. The astonishing rise of general purpose AI models, exemplified by OpenAI’s ChatGPT, sent EU policymakers scrambling to keep up. Rules for general purpose AI systems like chatbots will start applying a year after the law takes effect. Meanwhile, Brussels will create an AI Office tasked with enforcing and supervising the law for general purpose AI systems.

Persons: Dragos Tudorache, Sam Altman, OpenAI’s ChatGPT, it’s, ”, Joe Biden, that’s, Xi Jinping, they've Organizations: —, Union, Lawmakers, Artificial Intelligence, Big, ACT, EU, Google, Companies, Global AI, Initiative, United Nations, Group Locations: Romanian, Europe, Brussels, U.S, China, Brazil, Japan

☆ A millennial who moved from Vancouver to LA says he has no plans to head back to Canada. An improved social life offsets high rent costs and the US healthcare system.
▼ + stars: | 2024-03-12 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

After all, his entire personal and professional life had been in Vancouver, Canada, the 33-year-old told Business Insider via email. Last October, after several months of splitting his time between Canada and LA, Martin and his husband secured visas and moved from their Vancouver suburb to West Hollywood. While he's not a fan of LA's rent costs and the US healthcare system, he said the move has had a "life-changing" impact on one thing: his social life. Business Insider asked Martin what the biggest pros and cons have been of his Canada-to-California move, and whether the improvement to his social life has offset the downsides. Their social life is a big reason why.

Persons: —, Stuart Martin, Martin, he's, He's Organizations: Service, Business, West Hollywood, Survey, LA, Wall, of Agriculture Locations: Vancouver, Canada, Los Angeles, LA, West Hollywood, West, California, Louisiana, West Virginia, Hawaii , Illinois, New York

☆ Nvidia's terrible Friday gives traders a preview of what a momentum unwind would look like
▼ + stars: | 2024-03-09 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 Volatility Index finished the week near 15 and is in a clear three- month uptrend from its mid-December low near 12, even as the S & P 500 has gained 10% since then. In fact, Friday the market minimized the headline damage to a mere two-thirds-percent dip in the S & P 500 through its signature rotational impulse. Some indicators — such as speculators remaining net short S & P 500 futures and brokerage strategists' muted index targets — imply the helpful wall of worry is not quite fully scaled. Since then, the S & P has delivered a 16.7% annualized total return, even after two bear markets and two other severe/prolonged corrections. And the S & P is only up 7% from its high 26 months ago, hardly in thin air.

Persons: what's, Eli Lilly, Martin Marietta, Nick Colas, Scott Chronert Organizations: Federal, Nvidia, Costco, pharma, Martin Marietta Materials, Vulcan, 3Fourteen Research, NYSE, Nasdaq, DataTrek, Citi

☆ February was a great month for Wall Street. These were our 5 best-performing stocks
▼ + stars: | 2024-03-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

NVDA YTD mountain Nvidia (NVDA) year-to-date performance Nvidia was our top-performing stock for February. Shares surged 28.6% in the month on the back of stellar quarterly results and continued investor optimism in generative artificial intelligence. META YTD mountain Meta Platforms (META) year-to-date performance Coming in at No. GEHC YTD mountain GE Healthcare (GEHC) year-to-date performance GE Healthcare shares jumped 24.4% during February, occupying the No. FL YTD mountain Foot Locker (FL) year-to-date performance Foot Locker was the portfolio's fourth-best stock in the month.

Persons: Jim Cramer, Mark Zuckerberg, Locker, Mary Dillon's, Jim Cramer's, Jim, Brendan McDermid Organizations: Federal Reserve, Nasdaq, Dow Jones Industrial, Club, Palo Alto Networks, Wynn Resorts, Nvidia, Facebook, GE Healthcare, Meta, Wall Street, General Electric, Nike, Health, CNBC, Traders, New York Stock Exchange Locations: Wells Fargo, WYNN, FL, New York City, U.S

☆ ‘Mom, You’re Not Grunge Enough’: Olivia Rodrigo Fans Thrash in the Desert
▼ + stars: | 2024-02-24 | by ( Callie Holtermann | Molly Matalon | ) www.nytimes.com time to read: 1 min

On Friday, just outside Palm Springs, Calif., you might have thought a strange mirage had appeared: One or two zillion tweens descended upon an arena, all wearing platform Doc Martens. Had some official communiqué been issued, at a frequency undetectable to those older than 25? Had everyone been subconsciously nudged to pair boots with fishnets and leg warmers? No one seemed to care that it was hot out. What did matter was that the boots, punky symbols of past musical rebellions, were central to the unofficial-but-conspicuously-official uniform of Olivia Rodrigo’s Guts World Tour, which began that night.

Persons: tweens, Doc Martens, communiqué, Olivia Rodrigo’s Locations: Palm Springs, Calif

☆ I was personal assistant to the billionaire founder of a secretive Wall Street firm. This is how I landed a meeting with him, from 10 personal reference calls to a 'Devil Wears Prada' interview moment
▼ + stars: | 2024-02-22 | by ( Carrie Sun | ) www.businessinsider.com time to read: +12 min

She has written a memoir about working for a secretive and wildly prestigious Wall Street hedge fund. Recruiters are one of the main gatekeepers for the hedge fund and private equity industries. I hadn't — but I had heard of Argon, a hedge fund that had long and widely been seen as financial royalty. A leading financial publication had called Carbon the world's hottest hedge fund. Another had named it one of the world's top-performing large hedge funds, ranking it among other hedge fund titans and their flagships, like Ray Dalio's Pure Alpha II and Ken Griffin's Citadel.

Persons: —, Carrie Sun, Sun, Beowulf Sheehan Yuna, Carrie, Yuna, Chang's, Meijer, Peter, Boone Prescott, He's, Peter glanced, Boone, Jen, you'd, Ruth, Maya, Warren Buffett, Ray, Ken Griffin's, Griffin, Anne Hathaway, Chanel Organizations: Service, MIT, New, Boone, Samsung, Ann Arbor ., College, Carbon, NYU, Alpha, Penguin Press Locations: China, Michigan, Jersey City, Kansas, Midtown, receptionists, Manhattan, Ann Arbor, United States, New York, New Jersey, Anhui, Barneys, Madison, America, Boone, Missouri

☆ Most UK firms stick with a four-day working week after taking part in world's biggest trial
▼ + stars: | 2024-02-22 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Most companies involved in the world's largest trial of a four-day working week have made the policy permanent, according to a new report. Of the 61 British companies that took part in a six-month pilot in 2022, at least 54 (89%) said the policy was still in place, while 31 firms (51%) said they had permanently switched to a four-day working week. The companies involved were invited to take part in a follow-up study one year on from the world's biggest trial of a shorter working week to date. "Overall results have held and in some cases have even continued to improve," Schor said in a statement. Job satisfaction and sleep problems nudged down a bit, but the bulk of the original improvement remains."

Persons: Juliet Schor, Schor Organizations: Frankfurt Central, Autonomy, Boston College Locations: Frankfurt, Germany

☆ Remember the labor shortage? Immigrants are helping to fix it.
▼ + stars: | 2024-02-19 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +5 min

AdvertisementThat means the strong job numbers of recent months have largely been due to immigrants , specifically foreign-born workers, entering the workforce in large numbers. “Foreign-born labor force participants have accounted for all of the job growth over the last year,” Bill Adams, an economist at Comerica Bank, told The New York Times. AdvertisementAdditionally, he said these job gains haven’t come at the expense of US-born workers either. As of 2022, foreign-born workers were more likely than US-born workers to be in service, natural resources, construction, and maintenance jobs, according to the Bureau of Labor Statistics. As of January, 65.7% of foreign-born workers were working or looking for work, compared to 61.4% of US-born workers.

Persons: —, ” Bill Adams, Paul Krugman, “ They're, ”, Louis, Miguel Faria, Castro, Donald Trump Organizations: Service, Business, Comerica Bank, New York Times, Bureau of Labor Statistics, Immigrants, Congressional, Office, St, Louis Fed

PORTLAND, Maine (AP) — The state of Maine's long-cherished reputation for political independence is being threatened by the nation's polarized politics, with more and more of its voters feeling pressured to take sides. So-called independents, or unenrolled voters, have gone from the state's largest voting bloc to trailing both major parties in just four years. Republicans, too, overtook unenrolled voters two years later. As of last month, a tally of active voters indicated there were 343,488 Democratic voters, 279,936 Republican voters and 273,298 unenrolled voters. The economist served in the Maine Senate as an independent, and remains active on political issues.

Persons: Nikki Haley, Trump, Haley, ”, Zach Azem, — “, Sen, Angus King, Arizona’s Kyrsten, Vermont's Bernie Sanders, Jill Goldthwait, unenrolled, “, —, Paul LePage, Donald Trump, Mark Brewer, Brewer, they'll, State Shenna Bellows, Richard Woodbury, “ I’m, ” Woodbury, David Sharp, @David_Sharp_AP Organizations: New, New Hampshire GOP, Democratic, AP VoteCast, GOP, University of New Hampshire Survey, Republicans, Democratic Party, Republican, University of Maine, Trump, Congressional, State, Bureau of Motor Vehicles, Maine Senate Locations: PORTLAND, Maine, New Hampshire, Bar, District, Yarmouth

(AP) — The Kansas City Chiefs' Super Bowl victory rally had just ended when fan Trey Filter heard what he initially thought was fireworks. The shooting happened as Filter was walking to his car with his wife, Casey Filter, and their 15- and 12-year-old children. “Right out of a video game,” is how Trey Filter recalled the long-barreled weapon. “We we barely let the dogs out when we got home.”For Casey Filter, what sticks out is how fast everything changed. Trey Filter laughed at the idea.

Persons: Trey Filter, “, I’m, ”, wasn’t, Stacey Graves, Casey Filter, ‘, It’s Organizations: KANSAS CITY, The Kansas City Chiefs, Wichita , Kansas . Police Locations: KANSAS, Mo, The, Wichita , Kansas

☆ McConnell staked his legacy on a border-Ukraine deal. He may be too out of step with the GOP to save it.
▼ + stars: | 2024-02-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

He also joined with other top House Republicans Monday afternoon to implore Senate Republicans to kill it. McConnell is already facing one key defection: Sen. Steve Daines, who leads the Senate GOP's campaign arm, is lined up against the bipartisan deal. "This bill unites Senate Democrats and sharply divides Senate Republicans," Lee said in another post. Since then, a group of Senate Republicans has continued to be vocal about the difficulties of having a GOP leader who has an at best icy relationship with Trump. As of this writing, there's a chance a majority of Senate Republicans will stand against their leader.

Persons: —, Mitch McConnell, He's, Donald Trump's, McConnell, Mike Johnson, Trump, Sen, Steve Daines, doesn't, Jeff Flake, Bob Corker, Ben Sasse, Rob Portman, Roy Blunt, Joe Biden, Mitt Romney, Sens, JD Vance, Ohio, Josh Hawley, Kari Lake, Mike Lee of, Lee, McConnell's, Chuck Schumer, Eric Schmitt of Missouri, Jon Snow, Hawley, Alejandro Mayorkas, Biden, Rick Scott of, There's, Joe Biden's, there's Organizations: Service, Republican, Business, Democratic, Republicans, implore, Republican Party, Senate, Punchbowl News, Trump, GOP, Capitol Hill, Homeland Security, Senate Republicans, Capitol Locations: Ukraine, America, Asia, Sens, Utah, Missouri, Trump, Mike Lee of Utah, Washington, Rick Scott of Florida

That’s because a state law requires Nevada to hold a primary election, but the Nevada GOP voted to hold their own caucuses, or party-run meetings open to Republicans only. Nevada voters have received mail ballots for the Feb. 6 primary that don’t list front-runner Donald Trump’s name. Three Nevada GOP leaders overseeing the caucuses have been indicted on felony charges that they were so-called fake electors who sent certificates to Congress falsely claiming Trump won Nevada in 2020. Still, Nevada GOP Chairman Michael McDonald has forged ahead with the caucuses. Trump himself told the crowd at the January rally to ignore the primary and attend the caucuses instead, saying “Your primary vote doesn’t mean anything.”A Nevada GOP rule states that any candidate who participates in the state-run primary may not run in the caucuses.

Persons: — Lee, Donald Trump’s, Trump, “ It’s, ”, Hoffman, it’s, Nikki Haley, ” Haley, Will Bradley, ” Bradley, It’s, Joe Lombardo, Michael McDonald, McDonald, ” McDonald, United States — Donald J, TRUMP, Haley, Lombardo, Ron DeSantis, DeSantis, nudged, Bradley, Lee Hoffman, he’s, ___ Price, Stern Organizations: Republican Party, GOP, Nevada GOP, Trump, Electoral College, of Columbia, United Nations, Nevada, Democratic, Republican Gov, Republicans, United, Republican, “, Florida Gov, Michigan GOP, California Republicans, Associated Press, America Statehouse News Initiative, America, AP Locations: RENO, Nev, Elko County , Nevada, Massachusetts, Connecticut, Nevada, Michigan, Missouri, South Carolina, New Hampshire, U.S, Florida , North Carolina, Las Vegas, Reno, United States, California, Elko County, Vegas, The, Idaho, Utah, Salt Lake City, Elko, New York

☆ Economists Expected a Hiring Slowdown. So Much for That.
▼ + stars: | 2024-02-02 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

“We’ve had a very strong labor market, and we’ve had inflation coming down,” Mr. Powell said. “So I think whereas a year ago, we were thinking that we needed to see some softening in the economy, that hasn’t been the case. But few if any economists expected job gains to remain this robust at a time when higher interest rates were expected to meaningfully weigh down the economy. The question for the Fed is what it means if the job market not only fails to slow down as anticipated, but actually accelerates again. While one month of data does not make a trend, officials are likely to keep an eye on strong hiring and wage growth.

Persons: “ We’ve, we’ve, ” Mr, Powell, hasn’t, Mr

TOKYO (AP) — Data from a Japanese auto industry association show that China overtook Japan as the world’s largest vehicle exporter last year. The Japan Automobile Manufacturers Association reported Japan exported 4.42 million vehicles in 2023, up 16% from a year earlier, while domestic auto sales totaled nearly 4.78 million vehicles. According to figures released earlier by the China Association of Automobile Manufacturers, China exported 4.91 million vehicles last year. Japan’s car exports totaled 4.2 million in 2022. Overall, auto sales in Japan have been mostly on the decline since 2000.

Organizations: TOKYO, Japan Automobile Manufacturers Association, China Association of Automobile Manufacturers, Toyota Locations: China, Japan

☆ Bank of England leaves policy unchanged, says interest rates are 'under review'
▼ + stars: | 2024-02-01 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — The Bank of England held interest rates steady at 5.25% on Thursday. The Monetary Policy Committee voted 6-3 in favor of holding rates. "The MPC remains prepared to adjust monetary policy as warranted by economic data to return inflation to the 2% target sustainably," the Bank said in statement. Much of the market focus of late has been on when the central bank will start cutting interest rates from their current 15-year high. However, it has remained on a general downward trajectory, while the Bank's key indicators of the labor market, wage growth and services inflation have all shown signs of easing.

Persons: BOE Organizations: Bank of England, City of, LONDON, Monetary, Bank Locations: City, City of London

☆ Bank of England chief hints the market could be getting it right on rate cuts
▼ + stars: | 2024-02-01 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — Bank of England Governor Andrew Bailey on Thursday signaled that financial markets may be correct in their expectations for the future path of rate cuts. Speaking to CNBC, Bailey said he was "not going to commit" to a specific timeline for rate cuts, but added that he did not object to the market consensus. "I'm not going to give a view on how many cuts there'll be and when they will be. But I think that view that the market is taking is not one I object to," he told CNBC's Steve Sedgwick. Investors priced in four rate cuts by the end of this year after the central bank voted to hold interest rates steady at 5.25% earlier Thursday.

Persons: Andrew Bailey, BOE, Bailey, I'm, CNBC's Steve Sedgwick Organizations: Bank of England, City of, LONDON — Bank of England, CNBC, Monetary Locations: City, City of London

☆ Bank of England could be about to open the door to interest rate cuts
▼ + stars: | 2024-01-31 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | ReutersLONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market observers will be closely watching voting patterns, projections and language for hints about future rate cuts. The labor market has shown signs of rebalancing, although the overall trajectory remains somewhat uncertain, while wage growth and services inflation have surprised the Bank's November projections substantially to the downside, Goldman Sachs economists noted on Sunday. "We expect the MPC to retain its data-dependent approach and reiterate that monetary policy 'will need to be sufficiently restrictive for sufficiently long'," Quadri said. Goldman sees a first 25 basis point cut in May, followed by further quarter-point increments at every meeting until the Bank rate reaches 3% in May 2025.watch now

Persons: Henry Nicholls, Goldman Sachs, Ibrahim Quadri, Swati, Catherine, Mann, Quadri, Goldman Organizations: Bank of England, Reuters LONDON, Monetary, MPC, Goldman Locations: City, London, Britain, British, U.K

☆ IMF upgrades global growth forecast, citing U.S. resilience and policy support in China
▼ + stars: | 2024-01-30 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Buildings in Pudong's Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. The International Monetary Fund on Tuesday nudged its global growth forecast higher, citing the unexpected strength of the U.S. economy and fiscal support measures in China. It now sees global growth in 2024 at 3.1%, up 0.2 percentage points from its prior October projection, followed by 3.2% expansion in 2025. It forecasts growth this year of 2.1% in the U.S., 0.9% in both the euro zone and Japan, and 0.6% in the United Kingdom. "What we've seen is a very resilient global economy in the second half of last year, and that's going to carry over into 2024," the IMF's chief economist, Pierre-Olivier Gourinchas, told CNBC's Karen Tso on Tuesday.

Persons: Pierre, Olivier Gourinchas, Karen Tso Organizations: Monetary Fund, IMF Locations: Lujiazui, Shanghai, China, U.S, Brazil, India, Russia, Japan, United Kingdom

☆ Treasury yields fractionally higher ahead of key data releases
▼ + stars: | 2024-01-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

ET, the yield on the benchmark 10-year Treasury note was around 1.7 basis points higher at 4.1109% while the yield on the 30-year Treasury bond was up just over 1 basis point at 4.3284%. U.S. Treasury yields nudged slightly higher on Tuesday morning, as market participants await the release of key economic data points later in the week. Investors are trying to gauge when the Federal Reserve will begin cutting interest rates, which will be a key determinant of the trajectory for markets and the economy this year. Despite the uncertain rate outlook, risk-on sentiment remained robust on Monday, as the Dow Jones Industrial Average and the S&P 500 both notched all-time highs. Auctions will be held Tuesday for $46 billion of 52-week Treasury Bills and $60 billion of 2-year notes .

Persons: that's, it's, Guillermo Felices, CNBC's Organizations: U.S, Treasury, Investors, Federal Reserve, Commerce, Dow Jones Industrial, Global Investment, Treasury Bills

☆ UK inflation rate surprises with rise to 4%, led by alcohol and tobacco
▼ + stars: | 2024-01-17 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Andresr | E+ | Getty ImagesLONDON — U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December, fueled by a rise in alcohol and tobacco prices. Economists polled by Reuters had expected a modest decline in the annual headline CPI to 3.8%, after November's sharper-than-expected fall to 3.9%. The closely watched core CPI figure — which excludes volatile food, energy, alcohol and tobacco prices — came in at an annual 5.1%, above a 4.9% Reuters forecast and unchanged from November. "This unexpected rise in inflation is a timely reminder that the struggle against soaring inflation is not yet over, particularly given stubbornly high core and services inflation," said Suren Thiru, economics director at ICAEW. "While inflation may rise again in January, following the increase in Ofgem's energy price cap, it should fall at a decent pace thereafter, aided by the expected drop in energy bills from April and lower food inflation."

Persons: Jeremy Hunt Organizations: Reuters, National Statistics, British, Bank of England Locations: U.S, France, Germany

☆ My husband is 16 years older than me. I wasn't prepared for the anxiety that would come with marrying an older man.
▼ + stars: | 2024-01-14 | by ( Allison Snyder | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When I fell in love with a man 16 years my senior, I knew I'd likely be the one left behind. I wasn't prepared for anxiety about our age gapDuring our first years of marriage, I wasn't prepared for the many ways my anxiety over our age difference would manifest. My husband is in excellent health, not just for a man in his 50s, but for anyone.

Persons: —, wasn't, I'd, should've, He'd Organizations: Service

☆ Thursday's inflation report could challenge the market outlook for big Fed rate cuts
▼ + stars: | 2024-01-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

"The market seems to have gotten excited that the Fed's going to have to do more than what the Fed thinks in terms of rate cuts now. watch nowThere is certainly a wide gap between what the Fed has indicated in terms of rate cuts and what the market is expecting. It probably means that right now, the market needs to give back some of the rate cuts that they priced in." Fed Governor Michelle Bowman said this week that while she expects rate hikes could be done, she doesn't see the case yet for cuts. Still, Brusuelas thinks the market is too aggressive in pricing in six rate cuts.

Persons: Frederic J, Brown, Dow Jones, Jack McIntyre, McIntyre, they've, Michelle Bowman, Lorie Logan, Logan, Joseph Brusuelas, Brusuelas, Richard Clarida, … There's, Clarida Organizations: AFP, Getty, Federal, Brandywine Global Investment Management, Traders, Dallas, RSM Locations: Rosemead , California

☆ Job openings nudged down in November, down to lowest in more than two years
▼ + stars: | 2024-01-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

A job seeker visits a Job News USA career fair in Louisville, Kentucky, on June 23, 2021. The department's Job Openings and Labor Turnover Survey showed employment listings nudged lower to 8.79 million, about in line with the Dow Jones estimate for 8.8 million and the lowest since March 2021. Openings fell by 62,000, though the rate of vacancies as a measure of employment was unchanged at 5.3%. The ratio of job openings to available workers fell to 1.4 to 1, still elevated but down sharply from the 2 to 1 level that had been prevalent in 2022. Job openings fell by 128,000 for transportation, warehousing and utilities and were off 97,000 in leisure and hospitality.

Persons: Dow Jones, Ron Temple Organizations: USA, Labor Department, Labor, Companies, Federal Reserve, Lazard, Dow Jones, CNBC PRO Locations: Louisville , Kentucky, Kentucky

☆ S&P 500 rises to 20-month high with a soft landing in sight. Can investors finally relax?
▼ + stars: | 2023-12-09 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The S & P 500 , which had consolidated with a low-volatility sideways slide for three weeks, nudged to a new 20-month high just above 4600, almost precisely a 20% year-to-date gain. Just because the S & P 500 is at 4600 and Federal-funds futures markets project high odds of several rate cuts next year, it doesn't mean the former is reliant on the latter. Yet — just relax — in seven of the past 12 years, the S & P 500 went on to surpass this year-ahead analyst composite target. It's pretty popular to cast doubt on the achievability of the consensus 11.8% forecast S & P 500 earnings growth for 2024. A broadening beyond 2023's growth leadership is necessary for further S & P 500 gains.

Persons: YTD, Jerome Powell, Powell, John Butters, Scott Chronert Organizations: Federal, Fed, Bank of America, Wall, Merck, Pfizer, Citi, Treasury

☆ Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021
▼ + stars: | 2023-12-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Job openings tumbled in October to their lowest in 2½ years, a sign the historically tight labor market could be loosening. The number was well below the 9.4 million estimate from Dow Jones and the lowest since March 2021. Federal Reserve policymakers watch the report, known as the Job Openings and Labor Turnover Survey, closely for signs of labor slack. While job openings fell dramatically, total hires only nudged lower while layoffs and separations were modestly higher. Declines in job openings were widespread by industry.

Persons: Dow Jones, Tuan Nguyen, nonfarm Organizations: Labor Department, Dow, Federal Reserve, Labor, Survey, Fed, RSM, Committee, Traders, CNBC PRO Locations: U.S, October's

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