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Bank of AmericaIn the note, Hartnett laid out more evidence that a bubble could be developing in stocks. The current real 10-year rate is 1.6%, according to Fed data. Hartnett said a falling number of job quitters shows a weakening labor market, hence the Fed's apparent willingness to cut rates soon. February's inflation data will be released next week, but January's data showed that prices are still rising at a pesky pace of 3.1%, above the Fed's stated goal of 2%. Whether a Fed pivot is a good thing for investors depends on just how cool labor market data becomes.
Persons: , Michael Hartnett, Hartnett, quitters, Alejandra Grindal, Ned Davis, it's, Grindal Organizations: Service, Bank of America, Business, PHLX Semiconductor, Nasdaq, Semiconductor, Apple, Microsoft, Nvidia, Tesla, Meta, Bank of America's, Bureau of Labor Statistics, Ned, Ned Davis Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA Biden-Trump standoff won't present too much uncertainty for the markets, says Ed ClissoldEd Clissold, Chief U.S. Strategist at Ned Davis Research, discusses Super Tuesday's impact on the markets.
Persons: Ed Clissold Ed Clissold, Ned Davis Organizations: Trump, Chief, Ned, Ned Davis Research
Read previewNearly 1 million Arizona residents will soon see their medical debt balances turn to zero. AdvertisementA February analysis conducted by nonprofit health organization KFF, based on government data, estimated that about 20 million Americans owe at least $220 billion in medical debt, with 14 million people owing over $1,000 in medical debt and about 3 million people owing more than $10,000. Ned Lamont, who announced in early February that the state would cancel $650 million in medical debt for about 250,000 residents. Arizonans deserve a break, and they deserve a government that fights for them, helping ensure that medical debt is not going to torpedo their lives." Are you struggling to pay off medical debt?
Persons: , Katie Hobbs, Joe Biden, Jeff Smedsrud, Hobbs, Smedsrud, Ned Lamont, Phil Murphy, Murphy, Arizonans, Jim Baker, Baker, I've, I'm Organizations: Service, Arizona Gov, American, Plan, Business, Arizonans, Connecticut Gov, New, New Jersey Gov Locations: Arizona, New Jersey, Phoenix
New York CNN —A group of former Twitter executives sued Elon Musk on Monday in a bid to recover more than $128 million in severance that they allege Musk has not paid since he acquired the company, now called X, more than a year ago. The executives include former Twitter CEO Parag Agrawal, former CFO Ned Segal, former Chief Legal Officer Vijaya Gadde and former General Counsel Sean Edgett — all of whom were fired within hours after Musk took control of Twitter. Monday’s lawsuit is just the latest legal action brought by former Twitter employees related to Musk’s acquisition. The company has also been accused of failing to pay annual bonuses to employees laid off after Musk’s takeover. Musk and X have also faced lawsuits from vendors, landlords and business partners who claim the company has failed to pay what they are owed.
Persons: Elon Musk, Musk, Parag Agrawal, Ned Segal, Vijaya Gadde, Sean Edgett —, , , Agrawal, Gadde, Segal Organizations: New, New York CNN, Twitter, Court, Northern, Northern District of Locations: New York, Northern District, Northern District of California, Delaware
Four former Twitter executives sued Elon Musk on Monday, accusing the billionaire of withholding severance payments worth $128 million after he fired them from the company during his 2022 takeover. When Mr. Musk bought Twitter for $44 billion, he fired Parag Agrawal, its chief executive; Ned Segal, its chief financial officer; Vijaya Gadde, its head of legal and policy; and Sean Edgett, its general counsel. Mr. Musk later renamed the company X. In the event of an involuntary termination, Mr. Agrawal was entitled to a so-called golden parachute payment of $60 million, according to a Twitter securities filing. Under those same circumstances, Mr. Segal would receive $46 million and Ms. Gadde $21 million, according to the filing.
Persons: Elon Musk, Musk, Parag Agrawal, Ned Segal, Vijaya Gadde, Sean Edgett, Agrawal, Segal, Gadde Organizations: Twitter, Northern, Northern District of Locations: U.S, Northern District, Northern District of California
Four former Twitter execs, including ex-CEO Parag Agrawal, are suing Elon Musk over their severance. Musk has previously said he fired the execs for cause and doesn't owe severance. AdvertisementFour former Twitter lieutenants who were fired following Elon Musk's 2022 takeover are now suing him, claiming unpaid severance. They are collectively asking for $128 million, according to the federal lawsuit filed Monday in California obtained by Business Insider. This isn't the only severance-related suit Musk and X have faced.
Persons: Parag Agrawal, Elon Musk, Musk, , Elon Musk's, Ned Segal, Vijaya Gadde, Sean Edgett, Agrawal, Segal, Gadde, Walter Isaacson, I've Organizations: Twitter, Service, Business, Wall Street, Elon, Reuters Locations: California
Former Twitter executives including CEO Parag Agrawal, Chief Financial Officer Ned Segal, head of legal Vijaya Gadde and General Counsel Sean Edgett filed a new lawsuit against Elon Musk and X Corp. in federal court arguing that they are owed $128 million in unpaid severance. The ex-Twitter executives' lawyers argue, "These statements were not the mere rantings of a self-centered billionaire surrounded by enablers unwilling to confront him with the legal consequences of his own choices. Musk bragged to Isaacson specifically how he planned to cheat Twitter's executives out of their severance benefits in order to save himself $200 million." The suit, Agrawal et al v. Musk et al, was filed in California's Northern District and follows news that settlement talks between X Corp. and ex-Twitter managers broke down in a related case in Delaware, Woodfield v. Twitter Inc., where $500 million in unpaid severance to former Twitter managers and engineers is in dispute. Representatives for X Corp. and Elon Musk did not immediately respond to CNBC's request for comment.
Persons: Parag Agrawal, Ned Segal, Vijaya Gadde, Sean Edgett, Elon Musk, Musk, Walter Isaacson, Isaacson, Agrawal Organizations: Twitter, Elon, X Corp, Twitter Inc Locations: Delaware
The developer behind the Grand Theft Auto games has asked employees to return to the office five days a week from April, per Bloomberg, as it enters the final stages of development for the franchise's next installment, "Grand Theft Auto VI." AdvertisementHello @X, watch Grand Theft Auto VI Trailer 1 pic.twitter.com/smzxOLhh4o — Rockstar Games (@RockstarGames) December 5, 2023IP and sales worth billions on the lineSecurity has always been a huge priority at Rockstar. But in the run-up to the release of "Grand Theft Auto VI," Rockstar, which adopted remote work during the COVID-19 pandemic, has had several security issues to contend with. The Independent Workers Union of Great Britain (IWGB) said the decision by Rockstar came a year after 170 Rockstar workers signed a petition "opposing mandatory 3-day office work." Rockstar workers represented by the union accused the developer of "broken promises" and said they had concerns around a "heightened risk of overwork," which the company has been criticised for in the past.
Persons: , Jenn Kolbe, Ned Luke, he'd, Jason Schreier Organizations: Service, Theft, Bloomberg, Business, Rockstar, Twitter, Independent Workers Union of Great Locations: Independent Workers Union of Great Britain
AdvertisementNovember 2016: Holland and Zendaya appear in their first-ever joint cover, for The Hollywood ReporterZendaya and Tom Holland in June 2017. March 2021: Holland describes Zendaya as 'very sensible and humble'Zendaya and Tom Holland in June 2017. November 17, 2021: Holland and Zendaya comment on their relationship going publicZendaya and Tom Holland in "Spider-Man: No Way Home." February 18, 2022: Tom Holland denies reports that he bought a new house in London with ZendayaTom Holland in February 2022. I visited a lot while they were shooting it and I really, really enjoyed it.
Persons: , Tom Holland, Zendaya, they've, Sony Pictures Entertainment Holland, Peter Parker, Holland, didn't, I've, He's, Con Tom Holland, Albert L, Ortega, Laura Harrier, Liz, Tony Revolori, Flash Thompson, Jacob Batalon, Ned Leeds, ove, hank y, hank, ove y 'all!, hanks, eing, hy, H, ada, ike, huck, Tom Hol, le tag ove, g the, Hol, MJ', ake, hal l, taki, as h, Rob K, ate fame, abou, ..ha, lea, Kev, edd, Josh Flor, birt, rie, stor, Ric, aske, Tom H, ed then, hal, ong, winn, Q, iva, riva, ory, oba, Fran, and S, Jacob, him ", nic, Eric C, y, 2022:, enda y, Kelly, siti, ted, Hunter, Marc, Marin, inger, his ap, Rajan, Ze, kee, enjoy,, "I wa, stu, shou, olly, ing each o, I love, It's, Elvin R odrig, bert Downey Jr. an, Harry, l ove, bec, Room,", enda, fini Organizations: Service, Sony, Business, Sony Pictures Entertainment, Marvel, America, Hollywood, San Diego Comic, Con, San Diego Convention Center, ust, pla, imi, ucc, MTV, ppr, a pl, Norton, rac, eas, CP, ACP, Fr, rit, acc, klan, ely Locations: Holland, Zendaya, ife, uman, pla, Hol, " he, sens, nsw, pula, India, Italy
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 19, 2024. Staff | ReutersOver the last 12 months, just 11 stocks made up half of the gains that powered the pan-European Stoxx 600 stock index to a record-high close on Friday. "From a Global point of view, the GRANOLAS have even outperformed the so-called Magnificent 7 over the past two years. Their (out)performance is even more impressive on a risk-adjusted basis: with a volatility 2x lower than for the Magnificent 7, the GRANOLAS help to boost the Sharpe ratio." "This suggests that, in Europe, nearly all revenue growth of the STOXX 600 will come from the GRANOLAS.
Persons: Goldman Sachs, Sanofi —, Goldman, Tim Hayes, Ned Davis, Hayes Organizations: Staff, Reuters, GSK, Roche, ASML, Nestle, Novartis, Novo Nordisk, L'Oreal, LVMH, AstraZeneca, SAP, Sanofi, Street, Ned, Ned Davis Research, CNBC Locations: Frankfurt, Germany, Europe
If history is any guide, Walgreens Boots Alliance may fare better after getting tossed from the Dow Jones Industrial Average . In fact, data shows that betting on a stock that's leaving the Dow is often a better trade for investors than buying shares of a stock that's entering the 127-year-old average. What history shows Alcoa was the best-performing stock among the last 10 outgoing Dow members. For example, Honeywell International surged more than 40% one year after joining the Dow, while UnitedHealth rallied nearly 28%. General Electric , the last of the original 12 Dow stocks, plunged about 58% one year after leaving the average in 2018.
Persons: bode, Ned Davis, Goldman Sachs, , Amgen —, UnitedHealth, DuPont de Nemours, Fred Imbert Organizations: Walgreens Boots, Dow Jones, Walgreens, Dow, General Electric, WBA, CNBC Pro, Ned Davis Research, NDR, Alcoa, HP, Bank of America, Nike, Visa, RTX Corporation, Exxon Mobil, Pfizer, Apple, Honeywell International, DuPont de Locations: U.S
Katie Ortman Doble is a headhunter who uses LinkedIn like a digital Rolodex. Katie Ortman DobleNick invited my sisters to go ring shopping with him shortly after we celebrated one year of dating. Katie Ortman DobleWe never gave up hopeWe spent our 30s in fight or flight mode, but we never gave up hope. Katie Ortman DobleWe both maintained our careers, although I did take a much-needed break from my job and LinkedIn networking in 2019. Katie Ortman DobleUnexpected connections can end up sustaining usThis week, Nick and I celebrate nine years of marriage.
Persons: Katie Ortman Doble, Nick, Katie, , I'm, It's, That's, Katie Doble, claret, me claret, Katie Ortman Doble Nick, She's, Kimi, Katie's, Tommy, Katie Ortman, Alice, Zhang Organizations: Service, LinkedIn, Denver, West Ham United, Memorial Sloan Kettering, MSK, University of Pittsburgh Medical Center, NED Locations: Denver, Downtown Denver, West, Manhattan, Moher, County Clare, Ireland, Pennsylvania, NED, janezhang@insider.com
The Dow is adding Amazon, while removing Walgreens Boots Alliance. With the change, S & P Dow Jones Indices senior index analyst Howard Silverblatt said the Dow could rally all the way to 42,865. The effect on incoming and outgoing members of the Dow is less clear. According to past data from Ned Davis Research, stocks that leave the Dow have historically outperformed incoming members. Since 1972, outgoing members have averaged a 12-month gain of nearly 17.5%, while new members have averaged a 10% gain in their first year.
Persons: Dow, Howard Silverblatt, Silverblatt, Ned Davis Organizations: Dow Jones, Walgreens, Alliance, Walmart, Walgreens Boots Alliance, Dow, Ned Davis Research
Ned Watson bought a home in Japan that had been abandoned for two years for less than $50,000. The lack of guns and violence is one of the best things about Japan. My house was abandoned for two years, but didn't need much workI've been living in Japan since 2010, and I got this house in late 2019. I could basically live this lifestyle forever for $20,000 a year, which to me is not a lot of money. So really think about the area that the place is in, what type of personal infrastructure you're going to need to live there.
Persons: Ned Watson, Watson, I've, they're, you'll, It's, that's, it's, you've, I'm, Ned — he's Organizations: Tokyo Station Locations: Japan, Shisui, Japan's Chiba Prefecture, Australia, Georgia, America, New York City, Tokyo, Chiba Prefecture, Narita City, Narita, Watson's
Jack Dorsey once led a Twitter company retreat to boost employee morale and set a vision for the company. Had Dorsey opened his eyes, he would have seen nearly all of Twitter's 3,500 employees facing him in their own noiseless trance. From the convention center floor where they all sat looking up at the stage, Dorsey was just a silhouette, like a statue of a skinny Buddha. It was July 31, 2018, the first day of #OneTeam, Twitter's first-ever company-wide retreat. "BATTLE FOR THE BIRD: Jack Dorsey, Elon Musk, and the $44 Billion Fight for Twitter's Soul" by Kurt Wagner.
Persons: Jack Dorsey, Elon Musk, Kurt Wagner, , Dorsey, Twitter's, Marcia, Louis, Jay Rock, Getty Dorsey, Twitter, Leslie Berland, She'd, coaxing Dorsey, unapproachable, wasn't, humanize Dorsey, Tim, Bruce Falck, Ned Segal, JP Maheu, Del Harvey, I'm, Elon, hadn't, Lucy Nicholson, Musk, Simon Organizations: Service, Moscone Center, Twitter, Employees, American Express, Trust, Safety, Simon & Schuster, Bloomberg Locations: San Francisco's, San Francisco, St, @Twitter
More than 1,000 flights were canceled so far Tuesday morning, mostly at the airports in the New York City area and in Boston. It was the first major snowstorm in New York City since February 2022. The city, which has the nation's largest school system, switched to remote learning and closed its buildings Tuesday because of the storm. Some of the highest snowfall totals were forecast for the northern suburbs of New York City and southwestern Connecticut, according to the National Weather Service. Dan McKee signed an executive order shuttering state government offices Tuesday and banning tractor-trailer travel on all interstates and state roads beginning at midnight.
Persons: It's, , Ricky Smith, Eric Adams, , Ned Lamont, ” Lamont, Maura Healey, Michelle Wu, Dan McKee, McKee, Steve Sullivan, Steve LeBlanc, Kathy McCormack, Jeff Martin, Mike Balsamo, Bruce Shipkowski, Ron Todt Organizations: New, Gov, Pennsylvania Department of Transportation, Police Department, National Weather Service, Massachusetts Gov, Boston, Rhode, Rhode Island Gov, Airports, Associated Press Locations: HARTFORD, Conn, New York City, Boston, , Connecticut, Doylestown, Massachusetts, New England, Rhode Island, Massachusetts , Connecticut, New York, Alabama, Georgia, Concord , New Hampshire, Atlanta, Stony Brook , New York, Toms River , New Jersey, Philadelphia
Following on from "House of the Dragon," there are lots more "Game of Thrones" spinoffs in the works. So here's everything we know about all the "Game of Thrones"-related projects that are in development, are rumored to be in development, or returning. "A Knight of the Seven Kingdoms: The Hedge Knight""A Knight of the Seven Kingdoms: The Hedge Knight" is in development. I don't want to repeat what happened with GAME OF THRONES itself, where the show gets ahead of the books," he continued. "House of the Dragon" season twoEmma D’Arcy as Rhaenyra Targaryen in "House of the Dragon."
Persons: George R.R, , Martin, Kim Renfro, Ser Duncan, King, Laverne, Shirley, Abbott, Costello, Beavis, Butthead, I've, Martin's, Ira Parker, Ryan Condal, Vince Gerardis, Jon Snow, Kit Harington, Martin . Per, Harington, Jon, Eddard, Ned, Stark, Sean Bean, Lyanna Stark, Rhaegar, Targaryen, Emilia Clarke, Dany, Ygritte, Olly, Steve Toussaint, Corlys, Corlys Velaryon, Bruno Heller, it's, Toussaint, Princess Nymeria, Arya Stark's direwolf, Valyrian, Mattson Tomlin, Tomlin, HoD, Emma D’Arcy, Naomi Watts, Jane Goldman, S.J, Clarkson Organizations: HBO, Service, HBO HBO, Entertainment, King Aegon, Hollywood, Free Folk, The New York Times, New York Times, Variety, Aegon Targaryen, Aegon Locations: Westeros, Pentos, Driftmark, Lys, Volantis, Qarth, King's, Essos, Dorne, Imperial China
Value-investing asset manager GMO last week published a study showing that the top ten S & P 500 stocks by size have handily beaten an equal-weighted pool of the other 490 for several years now. Neither is Microsoft, a useful indicator give that it was the largest stock by market cap both in December 1999 and today. Indeed, today the stock market has done well even as expectations for the speed and depth of rate cuts this year have diminished. (Industrials are leading, the equal-weight S & P is up 19% from October and there were 204 new 52-week highs on the NYSE Friday over 24 new lows.) The S & P 500 uptrend has for weeks targeted the 5050 area, as an immediate culmination point, and it's just about there.
Persons: Morgan, Marko Kolanovic, , Janus, Stocks, it's, Alan Greenspan, Greenspan, Jerome Powell, Ned Davis, Ed Clissold, Jurrien, Goldman Sachs Organizations: Nvidia, Cisco, Nasdaq, Cisco Systems, Microsoft, Fed, Netscape, Boston, NYSE Locations: Russia, It's, Orange County, Calif
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA pullback will be healthy for the market, says Ned Davis Research's Ed ClissoldEd Clissold, Ned Davis Research chief U.S. strategist, joins 'Closing Bell' to discuss the economy and his Fed expectations.
Persons: Ned Davis, Ed Clissold Ed Clissold Organizations: Ned Davis Research
CNN —For British Vogue’s final issue under Edward Enninful, the outgoing editor-in-chief put not one superstar on the cover, but 40 of them. Forty previous cover stars return for Enninful’s final issue. Steven Meisel“When it came to my last issue, I knew the cover would be dedicated to women. Ned RogersNaomi Campbell, who has now appeared on four British Vogue covers during Enninful's tenure. His other cover stars included 82-year-old Miriam Margolyes, who posed nude for last year’s Pride Month issue, and a then-85-year-old Dame Judi Dench.
Persons: Edward Enninful, Naomi Campbell, Cindy Crawford, Miley Cyrus, Linda Evangelista, Jane Fonda, Kate Moss, Serena Williams, Steven Meisel, Ned Rogers, Enninful, Steven Meisel “, ” Enninful, , shockwaves, Misan Harriman, Kennedi Carter, Ned Rogers Naomi Campbell, Ned Rogers Enninful, Fonda, Miriam Margolyes, Dame Judi Dench, Christy Turlington, CNN’s Christiane Amanpour, Anna Wintour’s, Condé Nast, Chioma Nnadi Organizations: CNN, Hollywood, Vogue, British Vogue Locations: Ghanaian, Dua Lipa, Manhattan, London, Paris, Milan, Los Angeles, British
The odds of a global recession keep going down
  + stars: | 2024-02-07 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +4 min
Ned Davis Research said economic indicators suggest the odds of a global downturn are diminishing. "The global economic lull we saw in the second half of 2023 appears to be abating." In a note published Tuesday, they highlighted that economic indicators across manufacturing, supply chains, and equities suggest the odds of a global recession have come down. On a historical basis, it's still below the long-term average of 53.2, but the global composite PMI has a recession threshold of 47.8. "This puts our breadth measure closer to pre-pandemic levels, when global expansions typically saw services breadth at 85% or higher."
Persons: Ned Davis, , Alejandra Grindal, Patrick Ayers, Goldman Sachs Organizations: Ned Davis Research, Service, PMI, NDR Locations: China, India, East, Japan, Canada
CNN —Connecticut will cancel roughly $650 million in medical debt for an estimated 250,000 residents this year, Gov. More than 1 in 10 Connecticut residents have medical debt in collections. New Jersey included $10 million in its most recent budget to fund a pilot program to cancel residents’ medical debt, and Gov. Medical debt is now the largest source of debt in collections, totaling more than credit cards, utilities and auto loans combined, according to the White House. And the Consumer Financial Protection Bureau and the Biden administration are also considering ways to minimize the burden of medical debt.
Persons: Ned Lamont, Lamont, ” Lamont, “ It’s, Phil Murphy, ” Murphy, Jessica Hill, Allison Sesso, Biden Organizations: CNN, Gov, Connecticut Gov, New, New York City, Black, Third, Financial Protection Bureau Locations: Connecticut, Covid, New Jersey, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConnecticut Gov. Ned Lamont on tax relief proposal, border security and 2024 raceConnecticut Governor Ned Lamont (D-Conn.) joins 'Squawk Box' to discuss tax relief efforts for residents in the state, state of immigration, border security, 2024 race, and more.
Persons: Ned Lamont Organizations: Connecticut
Many of the “over-reported records” in the audit were because of bad data entry processes, "rather than intentional falsification of traffic stop data,” said the report, commissioned by Gov. The investigators, however, also said they found “significant failures” by state police in reporting accurate traffic stop information to a statewide databased used to analyze any potential racial profiling by police. The audit said 130 troopers had been identified as having a significant disparity between traffic stop information submitted to the database compared with the court system. State police have been reviewing the traffic citation data. What we have seen is information that provides explanations for why some of the data may have been inaccurate.”
Persons: , , Ned Lamont, Attorney Deidre Daly, , Lamont, Ken Barone, ” Barone Organizations: Gov, U.S, Attorney, University of Connecticut, UConn, Justice, Transportation Locations: HARTFORD, Conn, Seven Connecticut
A challenger to the mayor of Connecticut’s largest city announced Wednesday that he's staying in the race, despite losing a do-over Democratic primary ordered by a judge who threw out the results of the last one because of allegations of absentee ballot stuffing. Surrounded by supporters, Gomes raised concerns with the recent primary, saying some of his supporters were turned away, among other possible election law violations. His campaign has requested absentee ballots and absentee ballot applications to review. Gomes has come under pressure to bow out of the protracted and complicated race after incumbent Mayor Joe Ganim won last week's primary. Ganim, who has denied any knowledge of alleged absentee ballot stuffing, has accused the Gomes campaign of committing election law violations as well.
Persons: he's, ” John Gomes, Gomes, , , Joe Ganim, Ganim, Republican David Herz, Lamond Daniels, Ned Lamont, Daniels, ” Herz, Herz, William Clark, ” Clark Organizations: Democratic, Independent Party, Republican, City Council, Democratic Gov Locations: Connecticut’s, Bridgeport, New York City, Superior
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