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The new market theory was that investors would sell some of their high-flying technology winners and buy small cap laggards primed for a comeback when the Federal Reserve begins cutting rates. But on Thursday, the tech-heavy Nasdaq Composite lost more than 2% , and the Russell 2000 small-cap benchmark lost even more. "If you look in small caps, they don't have their earnings follow through. The senior global market strategist said he's unfavorable on small caps as the stocks lack strong fundamentals and many fail to generate a profit. The Russell 2000 Index of small-cap stocks gained 10.10% in July, posted its best monthly performance since December 2023, when it gained 12.05%.
Persons: Russell, Phillip Colmar, Sameer Samana, it's Organizations: Federal Reserve, Nasdaq, Partners, Wells Locations: Colmar, Wells Fargo, Samana
Can Gouda’s Cheesemakers Stall a Sinking Future?
  + stars: | 2024-08-01 | by ( Nina Siegal | ) www.nytimes.com   time to read: +1 min
On a recent morning in Gouda, a small city in the Netherlands, hundreds of wheels of yellow cheese lay out in rows on the cobblestones of the town square, a backdrop to the city’s weekly cheese market, which dates to the Middle Ages. Ad van Kluijve, a farmer dressed in blue work shirt, red bandanna, blue cap and wooden clogs, haggled with a buyer over the price of his latest batch of “jong belegen,” famous for its mild caramel flavor. In the rest of the world, it is one of many cheeses named after the city in which it is traded. The haggling is largely a performance for tourists as the actual price negotiations take place elsewhere. The cheese industry in the region is very real, though, accounting for about 60 percent of the national cheese production, with an export value of $1.7 billion annually, according to ZuivelNL, which represents the Dutch dairy sector.
Persons: van, jong Locations: Gouda, Netherlands
Roasters and coffee experts are also signaling that prices could remain higher for longer, as factors like climate change reduce the coffee global supply. Climate change drives prices up“Coffee is more sensitive to changes in temperature than many other crops,” said Michael Hoffmann, professor emeritus at Cornell University’s College of Agriculture and Life Sciences. “Climate change is getting worse. According to Delany, coffee prices are typically between 100 to 140 cents, but have stayed consistently above that range for the past three years. “There’s a drum beat in the background that is climate change, and that is causing problems,” he said.
Persons: CNN —, Tomas Edelmann, , Hamburgo, Miranda, Ryan Delany, there’s, Michael Hoffmann, , Brazil sneezes, Delany, Arabica, ” Neil Rosser, Lavazza, Miranda Edelmann, Giuseppe Lavazza, Nestle, Sharon Zackfia, William Blair, Rosser, ” Delany, you’re Organizations: CNN, Coffee, International Coffee Organization, United Nations, Coffee Trading Academy, Cornell University’s College of Agriculture, Life Sciences, US Department of Agriculture, Commodities, Financial Times, Nestle Locations: Chiapas, Mexico, Brazil, Arabica, Vietnam, Ukraine, Red
Ilona Maher, #2 of Team USA, celebrates following a victory during the Women's Rugby Sevens Bronze medal match between Team USA and Team Australia on day four of the Olympic Games Paris 2024 at Stade de France in Paris, France, on July 30, 2024. Ilona Maher became one of the Paris Olympics' heroes after leading the U.S. rugby team to its first-ever Olympic medal for men or women. The 27-year-old, frequently clad in bright red lipstick, helped Team USA bring home the bronze medal in a nail-biting win over Australia on Tuesday. Businesswoman and investor Michele Kang, who also owns professional soccer teams, announced a $4 million gift to the USA women's rugby sevens team in a bid to grow the sport. Sevens refers to the teams that comprise up to seven people in that variation of rugby.
Persons: Ilona Maher, Maher, Fresh, Michele Kang Organizations: Team USA, Women's Rugby, Team Australia, Olympic Games, Stade de France, Paris Olympics, U.S ., Australia, CNBC, U.S, USA women's rugby Locations: Paris, France, Vermont, Los Angeles
CNN —After his latest victory at this year’s Olympic Games on Tuesday, Andy Murray pogoed on the red clay of Roland Garros, eyes wide like a kid in a candy store. But, for Murray, the Olympic Games have always held a special place in his heart. Back in 2012, just weeks after a heartbreaking defeat in the Wimbledon final, Murray won gold in the men’s singles tournament at the London Games. 1 in 2016, a year where he also won Wimbledon for second time. Murray celebrating winning two medals at the London Games in 2012.
Persons: CNN —, Andy Murray pogoed, Roland Garros, Dan Evans, Suzanne Lenglen, Murray, Belgium’s Sander Gille, Joran, Evans, Martin Bernetti, Laura Robson, Roger Federer, Rafael Nadal, Novak Djokovic, Andy Murray, , “ I’ll, it’s, haven’t, Jeff J Mitchell, “ It’s, ” Murray, Tommy Paul, Taylor Fritz Organizations: CNN, Paris Games, Getty, Olympic Games, Wimbledon, London Games, Rio Games, Eurosport, ATP, Olympics Locations: Paris, AFP, London
They first arrived at the beginning of July: dozens of masked white supremacists, shuffling out of U-Hauls, to march through Nashville carrying upside-down American flags. The neo-Nazis poured into the historic Metro courthouse to disrupt a City Council meeting, harassed descendants of Holocaust survivors and yelled racist slurs at young Black children performing on a downtown street. The appearance of white nationalists on the streets of a major American city laid bare the growing brazenness of the two groups, the Patriot Front and the Goyim Defense League. Their provocations enraged and alarmed civic leaders and residents in Nashville, causing the city to grapple with how to confront the groups without violating free speech protections. “Nashville is a microcosm of the greater country, and we are at a moment where we have to decide who we are.”
Persons: tonks, , Aftyn Behn Organizations: Nashville, Nazi, Council, Patriot, Goyim Defense League, Broadway, Patriot Front Locations: American, Nashville
AdvertisementDoctors told me I was training too hardWhen I got home, I started seeing doctor after doctor. In the next Olympics, in 1996, I won gold again in the 100-meter sprint and a third gold medal in the 100-meter relay. Then, only two years ago, I was diagnosed with thyroid eye disease. I call my eye disease Ted, pronounced like the name. I want others to know about thyroid eye disease.
Persons: , Gail Devers, couldn't, Graves, Ted, you've Organizations: Service, Business
Sometimes, what separates successful people from everyone else isn't what they say — it's what they don't say. Other sayings, like "keep me in the loop" or "just checking in," can unintentionally come across as passive-aggressive, Slack executive Jaime DeLanghe told CNBC Make It in 2022. In particular, the best employees typically steer clear from these three phrases and sayings, according to CEOs, psychologists and linguistics experts:'It is what it is'There's one phrase bosses and colleagues don't want to hear when they're facing a problem at work: "It is what it is." Using it, however, can appear highly passive to other people and tarnish their trust in you, McWhorter said. That means there's one sentence that can frustrate such CEOs: This is how we've always done it.
Persons: Duolingo, Slack, Jaime DeLanghe, John McWhorter, Bill Gates, You've, McWhorter, Cortney S, Warren, it's, Jason Buechel, Buechel, Jamie Dimon, Andy Jassy Organizations: LinkedIn, CNBC, Columbia University, Amazon, JPMorgan Chase
Honesty is crucialIffi Wahla, the cofounder and CEO of global talent network Edge, told BI the amount of misguided advice circulating on TikTok is concerning. AdvertisementBeing too genericSome career advice TikTokers encourage spamming LinkedIn and other job sites with hundreds of the same documents. Related storiesBut recruiters talk, Chapman and Wahla told BI. 'Act your wage'Martin Morris, an associate director at the recruitment agency Talos360, told BI the worst advice he's seen is to "act your wage." AdvertisementInstead, Lovell recommended briefly covering something you didn't discuss during the interview that shows you are a good fit for the role.
Persons: , Wahla, Jill Chapman, Chapman, Martin Morris, Morris, Lovell, Chris, it's, she's Organizations: Service, Business, ageism, Insperity, SoFi Technologies, ATS Locations:
The leader of the Lebanese militant group Hezbollah, Hassan Nasrallah, said on Thursday that its conflict with Israel had entered a new phase after an Israeli strike in Lebanon’s capital, Beirut, this week. But although Mr. Nasrallah promised that Hezbollah would respond, he equivocated on the scope and nature of that retaliation. “We have entered a new phase,” he said, speaking in a televised address during the funeral for Mr. Shukr. “You do not realize the red lines you have crossed,” warned Mr. Nasrallah, addressing Israel directly. The speech by Mr. Nasrallah on Thursday appeared to straddle that line.
Persons: Hassan Nasrallah, Fuad Shukr, Nasrallah, , Shukr, Mr Locations: Lebanese, Israel, Lebanon’s, Beirut, Iran
Investors have several reasons to be optimistic toward bitcoin even as it enters one of the sleepiest trading months of the year. It has finished seven of the past 11 Augusts in the red, generating an average 2.69% return for the month, according to CoinGlass, largely due to a more than 65% gain in August 2017. "It's very likely that's going to continue playing a part here" in the month ahead, Duong said. Pandl at Grayscale is upbeat on the prospect of bitcoin reaching another all-time high sometime this year, and ether retesting $4,000. "Equity markets have wobbled but, so far, bitcoin has performed well, trading more like a hedge against dollar weakness," Pandl said.
Persons: cryptocurrency, bitcoin, David Duong, Duong, Vance, Zach Pandl, Pandl, Donald Trump's, Sen, Cynthia Lummis, Alex Miller, Hiro, Bitcoin Organizations: Metrics, Trump, bitcoin, Republican, Equity Locations: U.S, Nashville, bitcoin, Coinbase, Mt
Bank of America reiterates Arm as buy Bank of America said it's sticking with the stock following earnings on Wednesday. Robinson to overweight from neutral JPMorgan upgraded the shipping company following its earnings. Barclays reiterates Meta as overweight Barclays says it's sticking with the Instagram parent following earnings on Wednesday. " Bernstein reiterates Qualcomm as outperform Bernstein says it's sticking with Qualcomm following earnings on Wednesday. Citi reiterates SoFi as buy Citi said it's getting more bullish on the stock following a series of investor meetings.
Persons: Goldman Sachs, Goldman, Morgan Stanley, Zeta, Oppenheimer, Etsy, Baird, Wolfe, Bill.com, Robinson, Raymond James, RDDT, Wells, David Lantz, Zack Fadem, Bernstein, Leerink, Cantor Fitzgerald, Tesla, Cantor, it's bullish, Morgan Stanley downgrades Voya, SoFi, it's Organizations: Mizuho, Bank of America, ARM, Zeta Global, Zeta, JPMorgan, GE, NFL, NBA, MLB, Nascar, Barclays, Meta, Qualcomm, SOX, Elon Musk's, Citi Locations: OW, 2H24, China, bullish
CNN —Major League Baseball (MLB) players often have long journeys to link up with their new squads when they are traded. The 30-year-old infielder was traded from the Chicago White Sox to the Kansas City Royals, three hours before the two teams were scheduled to play each other on Tuesday. “I’m just happy to be on a great team. The win moved Kansas City to 60-49 on the season as it seeks to remain in postseason contention. Meanwhile, the White Sox remain rooted to the bottom of the American League with a 27-84 record, the worst in MLB.
Persons: Paul DeJong, I’m, I’ve, ” DeJong, , DeJong, Joe Robbins, Rosado, He’s, , Michael Wacha Organizations: CNN — Major League Baseball, Chicago White Sox, Kansas City Royals, Royals, White Sox, MLB, Kansas City, American League Locations: Kansas
CNN —President Joe Biden is weighing more US defenses in the Middle East as the US prepares for an Iranian retaliation against Israel that officials say could include an attack on American forces. The statement did not detail what new deployments would occur ahead of an anticipated Iranian attack in response to the assassination of Hamas leader Ismail Haniyeh in Tehran. The officials said an Iranian response could occur in the coming days. Israel Defense Forces spokesman Rear Adm. Daniel Hagari said that “international partners” have bolstered their forces in the region, though he did not specify which countries. The US is expecting the anticipated Iranian attack may be similar to the barrage of ballistic missiles and drones launched against Israel on April 13, officials said.
Persons: Joe Biden, Benjamin Netanyahu Thursday, Biden, Ismail Haniyeh, Theodore Roosevelt, “ We’re, Benjamin Netanyahu, ” Biden, Joint Base Andrews, Haniyah, , Daniel Hagari, Israel’s, Jordan, Hassan Nasrallah, Israel, Haniyeh Organizations: CNN, Israeli, Pentagon, US Central Command, Navy, USS, Marine, Joint Base, Islamic Revolutionary Guard Corps, Israel Defense Forces, Defense, Israel Locations: Israel, Tehran, Gulf of Oman, Aden, Lebanon, Iraq, Syria, Iranian, Jordan, Iran, Beirut, East
Learn moreThe LG G4 is one of the most stunning premium displays I've tested. Judged against other 2024 models, the LG G4 is easily one of the best TVs you can buy for top-notch image quality. But the G4 is technically the best OLED TV LG has ever made. LG 65-inch G4 OLED 4K TV The G4 is one of the most impressive OLED TVs we've tested, but its benefits over last year's more affordable G3 are subtle. Steven Cohen/Business InsiderThe LG G4 delivers high-end image quality that's a clear step above cheaper TVs.
Persons: It's, HLG, Steven Cohen, I'm, you'll, steadying, it's, webOS Organizations: Business, LG, Amazon, Walmart, Dolby, HLG Smart, Sony, Samsung, Google, Disney, Luna
CNN —The pandemic threw the US job market into chaos, but four years later, things finally seem to be back to normal. Most indicators support the idea that the labor market is no longer overheated and could easily maintain a new normal of steady, but slower growth. “This is a labor market that’s otherwise moderated,” Nick Bunker, director of North American economic research at Indeed, told CNN. Labor force participation/employment to population ratio: These metrics are key reasons why Bunker and others believe the labor market remains in good shape. The same goes for the prime-age labor force participation rate, which at 83.7% also is the highest in 23 years.
Persons: hasn’t, Jerome Powell, Nick Bunker, Powell, Nancy Vanden Houten, , , , , Madhavi Bokil, Indeed’s Bunker, Bunker, ” Elise Gould, ” Bunker, “ It’s, Julia Pollak, ” Pollak, can’t Organizations: CNN, Federal, of Labor, Challenger, Labor, Economic Policy Institute, Locations: Oxford
Median one-bedroom apartment prices rose at the fastest rate in 12 months in July, according to a new report from real-estate site Zumper. 20 cities where rent is receding fastestApartment dwellers looking for lower rent should start their search in the South. Five of the 20 US real-estate markets where one-bedroom apartment prices fell by at least 5% in July were in Texas, and 11 others were in the South or Southwest regions. AdvertisementBelow are the 20 US markets where rent for a one-bedroom apartment fell at least 5% from July 2023, according to Zumper. Each is also listed along with its year-over-year and month-over-month rent changes, median rent price, and national rent ranking among the nation's 100 biggest markets.
Persons: , Anthemos Georgiades Organizations: Service, Business, Lone Star Locations: Texas, South
Read previewStarbucks' boba-inspired "popping pearls" drinks have been selling so well that the coffee chain had to cut back on marketing after supplies ran low. The new lineup features three drinks — the Summer-Berry Lemonade Starbucks Refreshers Beverage, the Summer Skies Drink Starbucks Refreshers Beverage, and the Summer-Berry Starbucks Refreshers Beverage — but customers can also add the raspberry-flavored popping pearls to other beverages. They also contributed to overall sales of Starbucks' Refreshers drinks reaching an all-time high during the quarter. Dedicated boba stores offer a huge variety of flavors and toppings, like fruit, grass or coconut jelly, red beans, brown sugar, and pudding. AdvertisementThe success of Starbucks' boba comes as the chain continues betting on cold drinks, which made up 76% of its beverage sales in the quarter.
Persons: , Berry, Laxman Narasimhan, Massachusetts barista Organizations: Service, Starbucks, Beverage, Business Locations: Cape Cod , Massachusetts, Massachusetts
ET) in Tehran, will dictate what comes next, as Iran looks to present a narrative that justifies and fashions its response. Iran's Supreme Leader Ayatollah Ali Khamenei is seen with Haniyeh -- hours before his assassination. There is no shortage of furious rherotic the day after the strikes, but there is no easy route for Iran. Iran has also tried an unprecedented direct all-out attack on Israel before, in April, after senior IRGC commanders were killed in an Israeli strike on Damascus. In short, the 300 drone and missiles fired - straight from Iran at Israel - just didn’t get through.
Persons: Ismail Haniyeh, Haniyeh, Israel, Ayatollah Ali Khamenei, Mohsen Fakhrizadeh, Qasem Suleinami, rherotic, Ahmad Al, Ali Khamenei’s, , Masoud Pezeshkian, group’s, Fuad Shukr Organizations: CNN, Revolutionary Guards, Iran's Locations: Iran, Tehran, Israel, Beirut, Lebanon, Golan, Quds, Damascus
Miu Miu's revenue increased by 93% for the first half of 2024, compared to the same period in 2023. The brand is popular with Gen Z shoppers and young celebrities like Sydney Sweeney. Asia was a significant driver for Prada Group's sales in the first half of 2024. While the rest of the luxury fashion industry seems to be slowing down, Miu Miu was one brand that has not gone out of style. Miu Miu made up 23% of Prada Group's total revenue.
Persons: Miu, Sydney, Miu Miu, Organizations: Prada, Service, Business Locations: Sydney Sweeney, Asia
The Real Estate Select Sector ETF (XLRE) is the worst performing sector ETF in 2024, up about 3.5% right now. The ETF is net-flat going all the way back to September '22. But, it has been the best sector ETF in July, with a monthly gain of nearly 8%. The answer is a resounding yes… if the breakout in the SPDR S & P Homebuilders ETF (XHB) to new highs is any indication. And if rates are going to keep declining, then XLRE will have a strong tailwind to potentially catch up to XHB once again.
Persons: XLRE hasn't, XLRE, XHB, Frank Cappelleri Organizations: Federal Reserve, CNBC, NBC UNIVERSAL
To spare you a bad experience, Ridgway told BI her top red flags to look out for at a bar so you know when to make a beeline toward the exit. But if you're rolling up to a "craft cocktail bar," there shouldn't be a swarm of low-quality spirits. Ridgway said it's common for a bartender to join regulars for a sip of something boozy throughout the night. "I don't go to a bar to have someone not fully in control of their faculties mix me a drink," she told BI. A dismissive bartender is a tough sell for RidgwayWhen you go out to a bar, you're handing over some of your hard-earned dollars for the beverage of your choice.
Persons: , Stephanie Ridgway, who's, Charles Jacquin, I've, Ridgway, it's, Chris Owens, she'd, doesn't, Luis Diaz Devesa, I'm Organizations: Service, Business
In a tiny Kentucky town, Maker's Mark produces one of America's most famous bourbon whiskeys. Known worldwide for its bottles' iconic red wax, the company sells over 3 million cases of bourbon each year. But bourbon making is a complicated process that depends on special wooden barrels to age the whiskey for years, and the oak trees needed to make those barrels aren't growing enough to support the next generation of bourbon makers. We visited Maker's Mark's one and only distillery to learn more about making bourbon and what the company is doing to stop the industry from facing a barrel shortage. This story is available exclusively to Business Insider subscribers.
Persons: Maker's Mark Organizations: Business Locations: Kentucky, Maker's
Before that, the 30-year-old’s most prestigious prize was an Olympic gold medal, clinched in Japan in 2021. He was in and out of hospital for two years.”Stefan Schauffele (left) watches his son prepare for the 2022 US Open. Some 38 years after his Olympic dream vanished, Stefan Schauffele went to sleep with a gold medal in bed beside him. Harry How/Getty ImagesThe question is, now that he’s experienced both, where does Olympic glory rank next to major success? “It’s hard to put them up next to each other because they’re so unique and different to me,” Schauffele said.
Persons: Xander Schauffele’s, , scooping, Stefan Schauffele, Schauffele, CNN Sport’s Don Riddell, , ” Stefan Schauffele, Cliff Hawkins, , ” Schauffele, Mike Ehrmann, Chris Como, Andrew Redington, Rory McIlroy, Jon Rahm, Scottie Scheffler, he’s, , Harry, I’ve Organizations: CNN, PGA Championship, Royal Troon, Games Locations: Germany, Japan, Paris, Stuttgart, Seoul, San Diego , California, Tokyo, Valhalla, Kentucky, Scotland, Hawaii
The Grand Hotel Les Trois Rois in Basel, Switzerland, has a rich history of remarkable guests. For centuries, the hotel has catered to guests such as Queen Elizabeth II and the Rolling Stones. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs I eavesdropped on a conversation at the Grand Hotel Les Trois Rois, it felt almost too cliché. Perched on red velvet chairs and sipping top-shelf cocktails, a group of hotel guests discussed a friend's upcoming art show.
Persons: Queen Elizabeth II, Organizations: Rois, Service, Grand, Business Locations: Basel, Switzerland, New York City
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