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A stealth inflationary cost is biting into corporate profits. In its earnings report Friday morning, Dow component Travelers said insurance premiums that it charges are still soaring. Premiums on business policies jumped 14% in the last quarter. Homeowner renewal premiums spiked 21%, while those for auto policies jumped 17%. Although rising premiums are good news for insurance firms such as Travelers, they are bad news for customers — whether they are individuals or companies.
Organizations: Dow, Travelers
The S & P 500 Health Care Sector index has outperformed the broader S & P 500 in just three of the past eight presidential election years dating back to 1992, according to FactSet data. So far in 2024, health care has been the best-performing sector in the S & P 500, climbing roughly 2%. .GSPHC .SPX YTD mountain Health care sector vs. S & P 500 YTD It's way too early for any grand predictions with Election Day 2024 about 10 months away. Nevertheless, we see attractive fundamentals in the year ahead for a host of health-care stocks, giving us the confidence to own Lilly, GE Healthcare and Danaher despite what history says about the group in presidential election years. After a strong 2022 for health care in a terrible overall market, investors last year placed a lower emphasis on the defensive characteristics of health care.
Persons: , that's, Eli Lilly, Lilly, Jim Cramer, Jim, Sen, Bernie Sanders of, Joe Biden, Sanders, would've, Damien Conover, Conover, Biden, Eli Lilly's, Morningstar, Amgen, Morningstar's Conover, Lilly's donanemab, Humana, Bausch, Jim Cramer's, Frederick Florin Organizations: Health, GE Healthcare, Abbott Laboratories, Amgen, Novartis, Walgreens Boots Alliance, JPMorgan Healthcare Conference, Democratic, Morningstar, CNBC, Horizon Therapeutics, Novo Nordisk, Federal Reserve, General Electric, Medicare, Humana, UnitedHealth Group, Investors, AFP, Getty Locations: San Francisco, U.S, Bernie Sanders of Vermont, Canadian, Fegersheim, France
Fourth-quarter earnings season is kicking off with a mix of good and bad news. Without those six stocks, the rest of the S & P is expected to see earnings fall 6%. There's a lot riding on earnings in 2024 For the S & P 500 to increase in 2024, earnings need to expand. But with the S & P 500 up over 20% last year, the forward earnings multiple is roughly 19.6, in the very pricey range. We need higher revenues The biggest risk to higher earnings is lower revenue growth.
Persons: Savita Subramanian, General Mills, Mobileye, Nick Raich, Adam Crisafulli, BofA's Subramanian, Deutsche, Binky, Sam Stovall Organizations: Pfizer, Merck, Moderna, Bank of America, Nvidia, Microsoft, Apple, Nike, FedEx, General, Darden, Constellation Brands, Technology, Samsung Electronics, Vital, Deutsche Bank's Locations: Wayfair, Conagra
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. If Wells Fargo shares were to dip to around $45, Jim Cramer said Friday the Club would be buyers at that level. 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, Wells Fargo, Wells, , Jim, Morgan Stanley, It's, UnitedHealth, Jim Cramer's Organizations: CNBC, Wells, Street, Humana
Meanwhile, Jim Cramer's interview with an influential member of President Joe Biden's cabinet proved encouraging for Club holding Nvidia . It's been a two-session roller-coaster ride that illustrates the importance of staying disciplined and not chasing stocks while they're surging for non-fundamental reasons. Traders were trying to front-run the official announcement, pushing Linde stock up 4.53% Tuesday, to an all-time high of $426.72 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Nvidia CEO Jen-Hsun Huang at the Consumer Elctronics Show (CES) in Las Vegas, USA, 04 January 2017.
Persons: Linde, Jim Cramer's, Joe Biden's, It's, Pfizer's, drugmaker Seagen, there's, Gina Raimondo, Jim, Biden, Raimondo, " Raimondo, Cigna, Humana's, , Humana, Aetna's, Jim Cramer, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Club, Nvidia, LIN, Linde, Nasdaq, Traders, . Commerce, U.S, Bank of America, Wall Street Journal, Humana, CNBC, Consumer, Audi, Getty Locations: China, U.S, Wall, Las Vegas, USA
That's a major reason why we took a stake in the company in April 2022 and a key growth area for the health insurance industry overall. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, Cigna, I've, Jim, It's, That's, Joe Biden, Biden, Lina Khan, Jim Cramer's, Ty Wright Organizations: Street, Humana, Express, Aetna, CVS Health, Cigna, Federal Trade Commission, Justice Department, FTC, CNBC, Bloomberg, Getty Locations: U.S, Louisville , Kentucky
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Elsewhere, Jim Cramer called biopharma stock Eli Lilly (LLY) "the only drug stock that's working" in a competitive health care field. 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, Stocks, Locker, Mary Dillon's, Eli Lilly, Lilly, bode, Jim, FTC's Lina Khan, Jim Cramer's Organizations: CNBC, Meta, Club, UnitedHealth, FTC, Jim Cramer's Charitable
US health insurers Humana, Cigna in talks to merge - WSJ
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Signage for Humana Inc. is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 29 (Reuters) - Health insurers Cigna (CI.N) and Humana (HUM.N) are in talks for a merger, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Cigna's shares were down 4.4% in noon trading, while Humana's stock was flat. The companies did not immediately respond to Reuters requests for comment. Reporting by Manas Mishra in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Kelly, Cigna, Manas Mishra, Sriraj Organizations: Humana Inc, REUTERS, Health, Cigna, Wall Street, Thomson Locations: Queens , New York City, U.S, Bengaluru
REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 29 (Reuters) - Cigna (CI.N) and Humana (HUM.N), two of the biggest U.S. health insurers, are in talks for what could be the largest merger announced in 2023, according to a source familiar with the matter. A Humana and Cigna combination would give the merged company the scale to rival UnitedHealth Group (UNH.N) and CVS Health (CVS.N). In July 2016, the Justice Department filed lawsuits against two health insurance mergers on the same day, saying they would lead to less competition and higher prices for Americans. Health insurers have been facing higher medical costs as people return for procedures they had put off during the pandemic. Humana in February said that it would sell its commercial business but keep its Medicare Advantage products.
Persons: Andrew Kelly, Cigna, Cigna's, Aetna, Bill Baer, Andre Barlow of Doyle, Barlow, Mazard, Bernstein, Lance Wilkes, Craig Garthwaite, Manas Mishra, Diane Bartz, Deena Beasley, Caroline Humer, Bill Berkrot Organizations: Humana Inc, REUTERS, Street Journal, UnitedHealth, CVS Health, Humana’s, Medicare, Affordable, Justice Department, Humana, U.S ., Reuters, Northwestern University, Thomson Locations: Queens , New York City, U.S, Cigna, Bengaluru, Washington, Los Angeles
At the beginning of this year, she started hearing an eerie hum that got louder at night. Virginia has had explosive growth in data centers since the early 2000s, when Loudoun County started allowing data centers to be built. Loudoun County residents say the noise started this past winter and gets louder at night when it's cooler. In Loudoun County, residents said they could hear the data center even with their windows closed. Unlike previous data centers, the new ones use so-called free air cooling , designed to leverage lower temperatures to use less electricity than most data centers.
Persons: Stephanie Brookes, Brookes, Les Blomberg, he's, Mike Turner, Ted Lewis, Turner, Eric Lee, Jeff Mach, Mach, Katy Hancock, Hancock, Chris Crosby, Blomberg, it's, Lewis, Arline Bronzaft, Wire Blomberg Organizations: Business, Compass, Pollution, The Washington Post, county's, Supervisors, Loudoun County's, Public, Lehman College Locations: Loudoun County , Virginia, Virginia, Loudoun County, Leesburg, New York, Ashburn, Loudoun, Loudoun County's
I've spent 120 hours on six overnight train rides in the US and Europe. AdvertisementOver the last two years, I've spent 120 hours on six sleeper trains, from Amtrak rides along the East Coast to overnight trains in Europe. I didn't just pack any sleep mask; I packed my NodPod weighted sleep mask. AdvertisementThe author uses her NodPod sleep mask on an overnight train in Europe. Joey Hadden/Business InsiderThe NodPod paired with earplugs helped me get the best sleep I've ever had on an overnight train.
Persons: I've, , Joey Hadden, earplugs Organizations: Service, Amtrak Locations: Europe, East, Italy, Austria
The hum of conversation, the aroma of roasted turkey, the clinking of silverware on porcelain: This is how I remember last year’s Thanksgiving, spent at a dear friend’s home. I relished the inviting ambience until a conversation about the day’s cooking unexpectedly shifted to the topic of gender roles. As a guest caught in this sudden shift, I faced a dilemma: Should I challenge his statement or opt for harmony over discord? For many of us, especially in our current political climate, speaking up in such settings feels risky. Far from preserving peace, holding back our thoughts can leave us more unsettled and unhappy.
Persons: wistfully
In a Cairo hospital: Guilt, pain and a desperate wait
  + stars: | 2023-11-20 | by ( Eleni Giokos | ) edition.cnn.com   time to read: +8 min
Today Wadea’s 9-year-old son, Abdelrahman, shares a hospital room at Nasser Medical Institute with his 14-year-old sister. Injured children board an ambulance to be transferred from Al-Aqsa Hospital to Egypt for medical treatment through Rafah on November 17, 2023. On Monday, 28 babies arrived in Egypt from Gaza at the Rafah crossing, according to an Egyptian government official. One baby was discharged in Gaza and went home with his parents to their temporary shelter, while two others stayed in the ICU unit of the Emirati hospital in Rafah, Gaza. Conditions in Gaza have grown desperate as fuel supplies dwindle, forcing the closure of 26 of the enclave’s 35 hospitals.
Persons: Rami Mahmoud, Elham Maged, Mahmoud, Cairo's, Cairo’s, , , ” Elham, , , Adel Hana, God, Rami, Elham, Muhammed Wadea, CNN Muhammed Wadea, Khan Younis, Abdelrahman, Wadea, Riham, Dr, Khaled Abdel Ghaffar, Mustafa Hassona, CNN's Eleni Giokos, CNN Ghaffar Organizations: CNN, Cairo's Nasser Medical Institute, Cairo’s Nasser Medical Institute, Nasser Medical Institute, Aqsa, Getty, United Nations Locations: Gaza City, Egypt, Gaza, Salah, Israel, Khan, Rafah, Qatar, United States, Al, Anadolu, Gazan
The stock of Club holding Morgan Stanley (MS) dropped to $70 from $100 before bouncing back to $80 when interest rates recently peaked. Morgan Stanley and Schwab did nothing bad or shameful, but their multiples are shadows of their former selves. At least Morgan Stanley has a nice dividend yield of 4.25%. Key, Huntington, First Horizon, Morgan Stanley and Schwab are all good franchises that are regarded as cheap. The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.
Persons: It's, Huntington Bancshares, Stephen Steinour, Chris Gorman, Bryan Jordan, Morgan Stanley, That's, Charles Schwab, Schwab, We're, Macy's, Albert Bourla, Myers, Meyers, Eli Lilly, let's, Mills, Campbell Soup, WK Kellogg, McCormick, Neutrogena, Johnson, Edwards, Zimmer Biomet, Becton Dickenson, Baxter, BAX, Ford, Hess, Tesla, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Dominion, Federal Reserve, Nordstrom, Pfizer, Bristol, Myers, Hostess Brands, Novo Nordisk, PepsiCo, Hershey, Brands, Spice, Johnson, Moderna, American Electric Power, Duke Energy, Motors, JetBlue, EOG Resources, ConocoPhillips, Exxon Mobil, Nvidia, Apple, Federal Trade Commission, CNBC, Santiago, Getty Locations: Huntington, Memphis, Tennessee, Toronto, United States, Celgene, Bristol, New York City
She travelled to Khan Younis from the Jabalia refugee camp in northern Gaza. The Khan Younis vegetable market is still open but prices have doubled. Though Khan Younis is south of Israel’s “evacuation line,” it has not escaped daily raids by Israeli warplanes or missiles. A total of 1,300 people have been killed in the Khan Younis area since October 7, local health officials say. Nasser Hospital, the main hospital in Khan Younis and the biggest in southern Gaza, uses the same term on its Facebook page where it lists the daily “martyrs” in this war.
Persons: Younis Khan Younis, Khan Younis, Israel, Abla Awad, Awad, , , Younis, Suzan, “ They’re, Jan Egeland, Benjamin Netanyahu, NBC’s “, Relatives, Saeed Al, Shorbaji, Shaheed Organizations: United Nations, Program, , Islamic, Israel, Norwegian Refugee Council, Reuters, Nasser Hospital, Al Locations: Israel, Gaza, Khan, Hulayqat, Israel’s, Islamic Jihad, Egypt, Cairo, , Al Aqsa, Old City, Islam, Nasser, Al Jazeera
CNN —An Indian bowler previously attacked on social media for his Muslim faith has emerged as a hero of the national team as it prepares to take on Australia in the Cricket World Cup final on Sunday. Fast bowler Mohammed Shami took seven wickets in Wednesday’s semifinal against New Zealand – the biggest haul in the tournament’s history – cementing his status as a standout of this World Cup. In 2021, the player received a torrent of online hate after India lost to Pakistan during the Twenty20 World Cup. “Remember how Mohammed Shami was targeted two years ago after loss to Pakistan. On his social media, Acharya wrote: “Trolled in the past, Mohammed Shami is now showered with love!”
Persons: Mohammed Shami, team’s, Shami, , Narendra Modi, reverberated, , Virat Kohli, ” Kohli, Modi, Manu Sebastian, Satish Satish Acharya, Acharya, Organizations: CNN, Cricket, New Zealand, Twitter, Times, , Bharatiya Janata Party, BJP, Narendra Locations: Australia, Times of India, India, Pakistan, Gujarat
How am I supposed to fit my whole life into a 9-to-5 work schedule? I recall the uncanny moment in my early work life of wondering, "What do people DO on a Tuesday night?" There are people who can't find a job, jobs with crummy pay or no benefits. AdvertisementThere was another time in my working life I felt that vertigo-inducing moment of — It's like this … every day … forever? Now, after 20 years of working 9-to-5 jobs, I've gotten used to the schedule.
Persons: Gen Z'ers, , Piper Hansen, Young Sheldon, I've, Paige, we've Organizations: Service, Business
Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Honeywell International (HON): This is the most undervalued stock in our portfolio, Jim said. In a diversified stock portfolio, Jim said there's always room for high-quality companies like P & G, which also has a track record of raising its dividend. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.
Persons: Jim Cramer's, Jim, Bausch, That's, Dupont De Nemours, Dupont, Danaher, Walt Disney, Estee Lauder, Locker, Vimal Kapur, we're, We've, we've, Linde, Eli Lilly, Eli, hasn't, Mark Zuckerberg, Meta's, Zuckerberg, Morgan Stanley, Morgan Stanley's, Ted Pick, James Gorman, he's, there's, Patience, Stanley Black, Decker, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Amazon Web Services, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Coterra Energy, Disney, Eaton Corp, Emerson, Ford, Union Auto Workers, GE Healthcare Technologies, General Electric, GE, Management, Google, YouTube, Honeywell International, Honeywell, Linde, LIN, Reality Labs, Microsoft, Nvidia, U.S, Oracle, Palo Alto Networks, Procter & Gamble, Starbucks, Constellation Brands, Corona, Modelo, Stanley, TJX, Wynn Resorts, WYNN, Trust Locations: China, India, Salesforce's, redeploy
The center’s clinical director, Dr. Emilio Amigo, waved at me once I got inside. Behind a closed door I heard the voices of his clients — autistic young adults from mostly working- and middle-class central Ohio families — boisterously chatting about their Friday night plans. I was there to talk about “How to Dance in Ohio,” a new Broadway musical that features Dr. Amigo and seven of his autistic clients as characters. In a room filled with board games and framed illustrations of rainbow-bright robots, I met Tommy Van Atta. Van Atta, 28, who has the frame of a linebacker, paused for a few seconds, then spoke softly.
Persons: Bob Evans, Emilio Amigo, , Amigo, Alexandra Shiva’s, Max, Tommy Van Atta, Van Atta Organizations: Family, Belasco Locations: Columbus , Ohio, Ohio, Manhattan
Home Depot 's quarterly sales declined 3% from the year-ago period, but topped Wall Street's expectations as customers chipped away at more modest projects and home repairs. Home Depot expects earnings per share to slide by 9% to 11%, compared with prior guidance of a 7% to 13% drop. Revenue fell from $38.87 billion in the year-ago period. Customer transactions fell to 399.8 million from 409.8 million in the year-ago period. Over the past year, the company missed quarterly sales expectations twice, which has caused its stock performance to slide.
Persons: Richard McPhail, McPhail, They're, , Robert Hum Organizations: CNBC, LSEG, Revenue, Home Depot
REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Nov 13 (Reuters) - A lawsuit filed on Monday accuses the Real Estate Board of New York (REBNY) and more than two dozen brokerages and companies of conspiring to artificially inflate commissions paid to agents who help sell residential real estate in Manhattan. That verdict, which a judge can triple to more than $5.3 billion, could upend decades-old practices that require sellers to pay commissions to buyers' brokers. March said it is unclear whether this would result in lower commissions, or delay sales while buyers' brokers negotiate with sellers. The lawsuit seeks damages for sellers of Manhattan residential property in the last four years who paid buyer brokers' commissions under REBNY rules. The case is March v. Real Estate Board of New York et al, U.S. District Court, Southern District of New York, No.
Persons: Douglas, Mike Segar, Douglas Elliman, Monty, Carl Hum, Corcoran, REBNY, Jonathan Stempel, Jonathan Oatis Organizations: REUTERS, Real, Board, New, Corcoran, National Association of Realtors, NAR, ., Court, Southern District of, Thomson Locations: Manhattan's, New York City , New York, U.S, New York, Manhattan, Missouri, Brooklyn, Southern District, Southern District of New York
Researchers have proposed an explanation for how the patterns form based on the "Turing patterns." A question naturally arises: How can distinct color patterns form in the presence of diffusion? Our work suggests that combining the conditions that form Turing patterns with diffusiophoresis could also form the basis of artificial skin patches. Just like adaptive skin patterns in animals, when Turing patterns change — say from hexagons to stripes — this indicates underlying differences in chemical concentrations inside or outside the body. Besides animal skin patterns, Turing patterns are also crucial to other processes such as embryonic development and tumor formation.
Persons: , Ben Alessio, Alan Turing, Turing, diffusiophoresis, Keld, Ankur Gupta Organizations: Service, Getty Images, micron, University of Colorado Locations: Denmark, University of Colorado Boulder
FOR THE PAST SIX YEARS a pair of round, gold glasses has shown me the world. But the lenses have grown so scratched and cloudy that it feels like I’m peering through a fog. Since glasses so prominently guard the windows to our souls, they arguably define our look and vibe more than any other item. Skimp on sweaters and sneakers if you must, but don’t settle for ho-hum frames. New specs “redefine who you are,” said Julie Ragolia, a fashion editor and stylist based between Paris and New York.
Persons: willy, , Julie Ragolia, Organizations: SIX Locations: Paris, New York
Then, suddenly, with only minutes to go until the cutoff, the studio bosses got their answer: SAG-AFTRA, the union that represents the 160,000-some actors, had accepted the deal. Relief among the big four studio chiefs, made up of Disney’s Bob Iger, Warner Bros. Discovery’s David Zaslav, Netflix’s Ted Sarandos, and NBCU’s Donna Langley. Relief among the actors, who will finally get back to work. And relief among the other unions and workers who rely on the hum of the Hollywood machine to make ends meet. To get television shows back in January and keep film schedules to where they are, studios will need to quickly restart production.
Persons: Bob Iger, Discovery’s David Zaslav, Ted Sarandos, Donna Langley, , AFTRA, ” Sarandos, Zaslav Organizations: CNN, Hollywood, Warner Bros, Donna Langley . Relief, SAG Locations: Tinseltown
SAG-AFTRA members and supporters chant outside Paramount Studios on day 118 of their strike against the Hollywood studios on November 8, 2023 in Los Angeles, California. Before the actors' union reached a labor deal with studios Wednesday night, Disney CEO Bob Iger told CNBC's Julia Boorstin that the strike's impact on the business had so far "been negligible." Because of the actors' strike, Sony cut its movie unit's fiscal year operating-profit forecast to 115 billion yen from 120 billion yen. "We have incorporated the impact that can be assumed at the present time into our forecast for the fiscal year." In July, while Hollywood actors and writers were both on strike, Sony postponed the release of Marvel Studios collaboration "Kraven the Hunter" to next year and delayed its next "Spider-Verse" movie, both potential blockbusters.
Persons: Bob Iger, CNBC's Julia Boorstin, Kraven, Hunter Organizations: Paramount Studios, Hollywood, Disney, Sony, Marvel Studios, AMC Entertainment Locations: Los Angeles , California
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