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☆ Utilities look like a good bet into year-end, Morgan Stanley says. Here are 3 names to play the trend
▼ + stars: | 2023-09-18 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Utilities have limped through much of 2023, but a few catalysts could lift a handful of stocks into the end of the year, according to Morgan Stanley. The wildfires in Maui have drawn attention to how severe weather can pose a risk to utilities. Nevertheless, there could be room for some year-end upside, Morgan Stanley analyst David Arcaro said in a report last week. "We expect a constructive outcome in the case supporting the upper half of earnings guidance," the Morgan Stanley analyst said. Morgan Stanley has an overweight recommendation on all three utilities.

Persons: Morgan Stanley, David Arcaro, Arcaro, Michael Bloom Organizations: Utilities, Electric, PPL Locations: Maui, Kentucky

☆ Oracle revenue misses estimates as tough economy hurts cloud spending
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

A screen displays the logo and trading information for Oracle Corporation on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsSept 11 (Reuters) - Oracle (ORCL.N) narrowly missed market expectations for first-quarter revenue on Monday, as companies pared back spending on cloud services due to an uncertain economic outlook. Companies have been trying to optimize their cloud budgets due to a global economic slowdown after a spurt in spending and adoption during the pandemic. Revenue for the quarter stood at $12.45 billion, slightly below analysts' estimates of $12.47 billion, according to LSEG data. Net income was $2.42 billion for the quarter ended Aug. 31, compared with $1.55 billion a year earlier.

Persons: Brendan McDermid, Akash Sriram, Devika Organizations: Oracle Corporation, New York Stock Exchange, REUTERS, Oracle, Companies, Amazon Web Services, Microsoft, Revenue, Thomson Locations: New York City, U.S, Bengaluru

☆ Top Wall Street analysts select these dividend stocks to enhance returns
▼ + stars: | 2023-09-10 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

To that effect, here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. The analyst increased his price target for Verizon stock by $1 to $40, while maintaining AT&T's price target at $17. Also, he expects the prospects for improved free cash flow to lower net debt leverage and support the dividend payments. That said, with expectations of higher cash flow generation, Crum said that "the company should have more flexibility around growing its dividend going forward." (See Hasbro Stock Chart on TipRanks)Dell TechnologiesNext up is Dell (DELL), a maker of IT hardware and infrastructure technology, which rallied after its fiscal second-quarter results far exceeded Wall Street's estimates.

Persons: Hans Vestberg, Brendan McDermid, Wall, Michael Rollins, Rollins, MDT, Rick Wise, Geoff Martha, Wise, Drew Crum, Crum, TipRanks, Amit Daryanani, Daryanani, Dell Organizations: DELL, Verizon, New York Stock Exchange, Analysts, Verizon Communications, Citi, AT, Verizon Hedge, Hasbro, Dell Technologies, Dell, TipRanks, GPU, Walmart, &' $ Locations: New York, U.S

☆ The UK economy is bigger than we thought. It still has ‘a growth problem’
▼ + stars: | 2023-09-04 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —The UK economy recovered from the Covid-19 pandemic much faster than previously thought, according to major revisions of official statistics that have erased Britain’s laggard status overnight. The ONS had said as recently as last month that UK GDP had still not reached its pre-pandemic size by the second quarter of this year. “UK growth has still been very sluggish, even if it’s not at the bottom,” said Prof. Huw Dixon, who leads research in economic measurement at the National Institute of Economic and Social Research. So while the size of the economy is bigger than we thought, Britain still has a growth problem.”Richer dataIn 2020, the UK economy suffered its biggest slump in more than three centuries, recovering sharply the following year off a low base. Annual GDP growth for 2021 was also revised up by 1.1 percentage points to 8.7%.

Persons: ” Ruth Gregory, “, ”, Huw Dixon, ” Dixon, ” John Springford, Richer, That’s, Frost, Darren Morgan, Henry Nicholls, Jeremy Hunt, Gregory, Nomura Organizations: London CNN, Office, National Statistics, ONS, Capital Economics, National Institute of Economic, Social Research, CNN, Centre, European Reform, Getty Images, Bank of England Locations: Germany, United States, Canada, Japan, Italy, France, Britain, Petticoat Lane, AFP, United Kingdom

Following the trade, Jim Cramer's Charitable Trust will own 50 shares of AVGO, increasing its weighting in the portfolio to 1.46% from 0.97%. With shares of Broadcom set to open down about 4% following the semiconductor firm's quarterly results Thursday, we are stepping in to build up our newest position . We also want to expand our Broadcom position before its planned acquisition of cloud-computing firm VMWare closes, likely at the end of October. The deal should provide a nice boost to Broadcom's gross profit margins, while adding a strong stream of recurring revenue. Industry Leader: Broadcom (BRCM)Annual revenue per employee: $605,318Annual profit per employee: $6,559Employees: 7,185Industry Laggard: National Semiconductor (NSM)Annual revenue per employee: $224,877Annual profit per employee: $30,164Employees: 6,500 Photo: Huang jia hui

Persons: Jim Cramer's, TD Cowen, Wells, Jim Cramer, Jim, Huang jia Organizations: Broadcom, AVGO, VMWare, Wall, CNBC, Industry, National Semiconductor Locations: Wells Fargo, –

[1/5]A Yes23 volunteer holds pamphlets while speaking with commuters about the upcoming Voice to Parliament referendum, in Melbourne, Australia August 30, 2023. Some senior Liberal party leaders, however, have broken ranks and supported the Voice referendum. "The Voice delivers recognition and respect to Indigenous Australians in the manner they have sought," Turnbull said in an opinion piece in The Sydney Morning Herald on Wednesday. In the most recent referendum in 1999, Australians voted against changing the constitution to establish Australia as a republic. "I’m just trying to vote yes for the recognition of the real owners of Australia," Sydney resident Oscar Rodas, who was at one of the campaigns, told Reuters.

Persons: Albanese, SYDNEY, Anthony Albanese, Pat Anderson, Jacinta Nampijinpa Price, James Ross, Malcolm Turnbull, Turnbull, I’m, Oscar Rodas, Cordelia Hsu, Stephen Coates Organizations: Wednesday, Aboriginal, Torres Strait, First Nations Peoples, Liberal, REUTERS Acquire, Liberal Party, Sydney Morning Herald, Sydney, Reuters, Thomson Locations: Torres Strait, Adelaide, Torres, Australia, Canada, New Zealand, Melbourne, Lincoln

☆ Chart of the Week: Nike just isn't doing it, biggest Dow laggard this week
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart of the Week: Nike just isn't doing it, biggest Dow laggard this weekThe 'Fast Money' traders talk this week's Chart of the Week, Nike.

Organizations: Nike, Dow

☆ Why Jim Cramer is cautious on this consumer-goods stock
▼ + stars: | 2023-08-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: 1 min

Consumer-goods stocks are typically "a terrific place to be if you think the economy is slowing down," CNBC's Jim Cramer said Wednesday, but packaged-goods firm General Mills (GIS) has been a major laggard. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. Consumers are reining in spending amid ongoing economic uncertainty, turning to cheaper options. But General Mills aside, "it makes sense to dip your toe into the consumer packaged-goods stocks, true recession stocks," Cramer argued Tuesday on "Mad Money." General Mills stock edged lower Wednesday, notching a new 52-week-low, at roughly $69.37 a share.

Persons: Jim Cramer, Mills, Jim Cramer's, Cramer Organizations: Consumers

☆ Stock futures are little changed as investors look ahead to next batch of corporate earnings: Live updates
▼ + stars: | 2023-08-22 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are near flat Tuesday night as investors awaited on the latest crop of corporate earnings reports from well-known names including Nvidia . S&P 500 and Nasdaq 100 futures also each climbed 0.1%. The moves follow a mixed session on Wall Street. The S&P 500 and Dow slid around 0.3% and 0.5%, respectively. Of the more than 95% of S&P 500 companies that have delivered results, about four out of five have exceeded Wall Street expectations.

Persons: Foot, Kohl's, Fitch, Snowflake, Dow, Macy's, Lowe's, Rob Haworth, They'll, Jerome Powell Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Urban Outfitters, Retail, Abercrombie, Dick's Sporting Goods, U.S . Bank Locations: what's, Jackson Hole , Wyoming

☆ UK’s improving finances will bear no fiscal gifts
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON, Aug 22 (Reuters Breakingviews) - Higher tax receipts helped Britain to borrow less than expected in July. The UK’s poor economic health leaves him with little room for fiscal giveaways ahead of a prospective 2024 election. Public sector net borrowing stood at 4.3 billion pounds in July, less than the 5 billion pounds expected by economists polled by Reuters. In the first four months of the fiscal year, borrowing was 11.3 billion pounds below the Office for Budget Responsibility’s forecast. The recent rise in bond yields will add around 18 billion pounds to debt interest spending by 2027/28, says Capital Economics.

Persons: Jeremy Hunt, Mairead McGuinness, Yves Herman, Hunt, Francesco Guerrera, EY’s loveless, Lisa Jucca, Katrina Hamlin Organizations: Financial Stability, Financial Services, Capital Markets, REUTERS, Reuters, Budget, Economics, Twitter, TPG, Thomson Locations: Brussels, Belgium

☆ It may be tough for Apple to outperform from here, says top tech analyst
▼ + stars: | 2023-08-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

There are better tech plays than Apple at the moment, according to Rosenblatt Securities analyst Barton Crockett. Crockett advised investors to look beyond Apple towards opportunities with higher growth and margin potential. "I think you've got to be careful," Crockett said Friday about Apple on "Squawk on the Street." Still, Crockett thinks these other Big Tech names look more attractive than Apple moving forward. To be sure, Crockett still views Apple as a premium consumer products company that people will flock to when times are tough.

Persons: Barton Crockett, Crockett, you've, Apple Organizations: Apple, Rosenblatt Securities, Dow Jones, Big Tech, Meta, Microsoft, Nvidia, Facebook Locations: U.S

☆ Instacart’s slow IPO delivery spoils the goods
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Aug 18(Reuters Breakingviews) - Instacart may finally be in the market for new investors. The grocery delivery company is set to submit an initial public offering prospectus to regulators as soon as next week, Bloomberg reported. Fund managers were on a shopping spree when Simo was appointed Instacart’s boss in August 2021. The slow IPO delivery has spoiled the goods. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Apoorva Mehta, Fidji Simo, Simo, Jay Ritter, Instacart, Andreessen Horowitz, Rowe Price, Jennifer Saba, EY’s loveless, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Bloomberg, University of Florida, Twitter, TPG, Thomson

☆ BAE’s stratospheric space deal has sound logic
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. REUTERS/Cheney Orr/File Photo Acquire Licensing RightsLONDON, Aug 17 (Reuters Breakingviews) - BAE (BAES.L) is showing off its deep pockets. On Thursday, the $37 billion maker of war ships and armored vehicles said it will splurge over $5.5 billion in cash on Ball Corp’s (BALL.N) aerospace arm. BAE CEO Charles Woodburn beat off private equity bidders including Blackstone (BX.N) to seal the deal, which bulks up his exposure to civil and military space surveillance solutions. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Cheney Orr, Ball, Charles Woodburn, Woodburn, Woodburn’s pricey, Aimee Donnellan, EY’s loveless, Neil Unmack, Streisand Neto Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, Reuters, BAE, Blackstone, Ball Aerospace, Twitter, TPG, Thomson Locations: Huntsville , Alabama, U.S

☆ Target investors misread bullseye
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Aug 16 (Reuters Breakingviews) - Target (TGT.N) had some luck hitting the bullseye this quarter. Target is getting its inventory in shape after a glut of products from last year caused it to slash prices. Still, the company slashed its sales and profit outlook as shoppers continue to spend more on food. E-commerce sales slumped nearly 11% – well below the overall sales decline of 5%. Target may well be beholden to consumer behavior, but it can steady its aim to hit marks under its control.

Persons: Brian Cornell, Jennifer Saba, EY’s loveless, Exor’s Philips, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, Twitter, TPG, Thomson

☆ High services costs make UK rate-cutting laggard
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

Governor of the Bank of England Andrew Bailey speaks as he attends a press conference for the Monetary Policy Report August 2023, at the Bank of England in London, Britain, August 3, 2023. Alastair Grant/Pool via REUTERS Acquire Licensing RightsLONDON, Aug 16 (Reuters Breakingviews) - UK inflation is slowing, according to many metrics. Unfortunately, those are not the ones the Bank of England values the most. Prices in that category grew 7.4% in July, faster than June’s 7.2%, due to more expensive restaurants, hotels and airfares. Policymakers keep a close eye on services’ prices and wage growth, which hit a record in the three months to June.

Persons: Bank of England Andrew Bailey, Alastair Grant, Andrew Bailey, Bailey, Francesco Guerrera, Exor’s Philips, Bain, Neil Unmack, Streisand Neto Organizations: Bank of England, Monetary, REUTERS Acquire, Reuters, Bank of, Office, National Statistics . Services, European Central Bank, U.S . Federal Reserve, Twitter, FC Barcelona’s, Messi, Thomson Locations: London, Britain, Bank of England, June’s

☆ TPG dangles messy end for EY’s loveless marriage
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

On Monday, the Financial Times reported that private equity firm TPG (TPG.O) had approached EY about buying a stake in its consulting arm. Back in May of last year when EY’s split was leaked to the press, valuations were much more attractive. If TPG pushes for a full breakup, EY would still have to work out how to divvy up its tax advice business between audit and consulting. Given the challenges, EY may well decide it’s better to soldier on with an awkward marriage than risk a messy divorce. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: EY’s, EY, Aimee Donnellan, Exor’s Philips, Bain, Neil Unmack, Oliver Taslic Organizations: Reuters, Financial Times, TPG, Big, Partners, Twitter, Thomson

☆ Deutsche Bank says this Chinese EV stock will recapture its momentum, rally 28%
▼ + stars: | 2023-08-11 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Chinese electric car brand Nio is in the middle of a big turnaround that can push the stock up as much as 28%, according to Deutsche Bank. Analyst Edison Yu was impressed by the jump in deliveries last month as well as its improved operations. Nio said its July deliveries totaled 20,462, up 103.6% year over year and nearly double the June figure of 10,707 cars. Deutsche Bank expects the company can continue the rally amid the increase in unit sales as well as gross margin. "We think the stock can finally recapture momentum after being a relative laggard all year and also see some small potential for strategic optionality," Yu said.

Persons: Edison Yu, Nio, Yu, — CNBC's Michael Bloom, Evelyn Cheng Organizations: Deutsche Bank Locations: Abu Dhabi

☆ A Trucking Giant Is Bankrupt, and Finger-Pointing Begins
▼ + stars: | 2023-08-07 | by ( Peter Eavis | More About Peter Eavis | ) www.nytimes.com time to read: +1 min

ArcBest, he said, took in $529 per shipment in the first quarter, versus $339 at Yellow. Mr. Jindel said Yellow was a laggard “largely because of mismanagement.”Yellow did not respond on Monday to a request to speak about its management record. One company hoping to pick up business from Yellow is Saia, a less-than-truckload company near Atlanta. The company’s stock has more than doubled this year, and is up 25 percent just since the end of June. The trucking industry plays a critical role in the U.S. economy, transporting nearly three-fourths of all freight tonnage in the United States, according to the American Trucking Associations, a trade group.

Persons: Satish Jindel, Jindel, “, ” Frederick Holzgrefe Organizations: Yellow’s, SJ Consulting, American Trucking Associations Locations: Atlanta, U.S, United States

☆ The genius plan that could bring down skyrocketing home prices
▼ + stars: | 2023-08-07 | by ( Eliza Relman | ) www.businessinsider.com time to read: +15 min

Not only did this help to slow down skyrocketing housing costs, it inspired a bipartisan, nationwide expansion of the policy. Home prices in Auckland, New Zealand's biggest city, doubled between 2009 and 2016 and prices across the rest of the country followed close behind. "A typical New Zealand city looks a lot like a typical US city," Gray said. There are three models of housing construction in US cities right now, Gray said. "In terms of an overall objective, I think bringing down house prices to construction costs is an ultimate sign of housing abundance."

Persons: Upzoning, Jenny Schuetz, Matthew Maltman, who's, Ryan Greenaway, Guo Lei, Maltman, There's, Auckland's upzoning, Vicki Been, Bill de Blasio, Schuetz, Nolan Gray, Gray, let's, Brett Coomer, that's, Allison Zaucha, Freemark, we're, Emily Hamilton, Eliza Relman Organizations: Brookings Institute, Auckland, Economic, University of Auckland, New, National Party, Housing, Economic Development, New Zealand, California YIMBY, Urban Institute, Houston, Montana Republicans, George Mason University Locations: New Zealand, Auckland, Australian, Zealand, Auckland , New, New Zealand's, New York, Europe, California, Zealanders, San Francisco, Los Angeles, Phoenix, Houston, Atlanta, Denver, Seattle, Washington, Portland , Oregon, Montana, California . Utah, Minneapolis, New York City

☆ Adidas turnaround gathers pace as Yeezy boosts margins
▼ + stars: | 2023-08-03 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +4 min

Adidas has to manage Yeezy drops very carefully, Gulden said, adding that the company's guidance was conservative. Adidas' 2023 outlook does not include the second Yeezy release, which is being sold through retailers as well as Adidas' own channels. JD Sports (JD.L) said it had started selling Yeezy shoes from the second drop on Wednesday. Citi analysts expect further Yeezy drops to generate 1.5 billion euros ($1.64 billion) in revenues and 700 million euros in earnings after Adidas' planned charity donations. Adidas donated 10 million euros in the second quarter and set aside 100 million euros for further donations to charities including the Foundation to Combat Antisemitism and the Anti-Defamation League.

Persons: Bjorn Gulden's, Ye, Gulden, Harm Ohlmeyer, Kanye West, Shannon Stapleton, Zuzanna Pusz, Pusz, Liu Qingyi, Shuting Qiu, Helen Reid, Mark Potter, Jan Harvey, Alistair Bell Organizations: FX, Adidas, JD, Citi, Foundation, Combat, Defamation League, ADIDAS, REUTERS, UBS, North, Thomson Locations: Garden City , New York, U.S, Greater China, China, Shanghai, North America

☆ Yeezy destocking helps lift Adidas sales outlook
▼ + stars: | 2023-08-03 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

Sales of surplus Yeezy shoes generated around 400 million euros ($437 million) in the second quarter, helping Adidas reduce its predicted loss for the year to 450 million euros, down from the 700 million euro loss previously expected. JD Sports (JD.L) said it had started selling Yeezy products from Adidas' second release of Yeezy shoes on Wednesday. Adidas said its 2023 outlook does not include the second Yeezy release. Citi analysts expect further Yeezy drops to generate 1.5 billion euros in revenues and 700 million euros in earnings after Adidas' planned charity donations. North America was the laggard, with sales dropping 16.4% in currency-neutral terms, which Adidas put down to high inventory levels there.

Persons: Kanye West, Shannon Stapleton, Bjorn Gulden's, Ye, Cristina Fernandez, Fernandez, Gulden, Liu Qingyi, Shuting Qiu, Helen Reid, Sonali Paul, Mark Potter, Jan Harvey Organizations: Adidas, REUTERS, FX, Foundation, Combat, Defamation League, Telsey, JD, Citi, North, Thomson Locations: Garden City , New York, U.S, New York, Greater China, China, Shanghai, North America

☆ Earnings beat and raise gives this underappreciated U.S. industrial stock the boost it deserves
▼ + stars: | 2023-08-02 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Emerson also saw better-than-expected profit margin performance and robust cash flow. Topping it all off, management raised their earnings outlook and sales growth forecast to ranges above what analysts had been expecting. As for cash flow, management offered up a slight increase to their full-year forecast, at the midpoint. Operating cash flow is now expected to be in the range of $2.5 billion to $2.6 billion (versus $2.63 billion expected) while free cash flow is expected to come in between $2.2 billion and $2.3 billion (versus $2.21 billion expected). This compares to prior operating cash flow and free cash flow targets of about $2.5 billion and roughly $2.2 billion, respectively.

Persons: outperformance, Emerson, we're, Jim Cramer's, Jim Cramer, Jim, Emerson Electric's, Timothy Aeppel Organizations: Emerson Electric, Club, Software, Control, Caterpillar, Emerson, NI, National, EV, Devices, Safety, Productivity, CAT, CNBC Locations: Marshalltown , Iowa

☆ Japan’s Central Bank Loosens Its Grip on Easy Money Policy
▼ + stars: | 2023-07-28 | by ( Ben Dooley | More About Ben Dooley | ) www.nytimes.com time to read: 1 min

No country in the world holds as much debt as Japan, which has well over $1 trillion in U.S. government treasuries alone. Even the slightest shift to Japan’s low interest rates reverberates well beyond its borders, with the potential to drive up rates globally. So, when the Bank of Japan on Friday slightly loosened its grip on a benchmark government bond, it was big news for world markets. The move was the latest signal that the country may revise its longstanding commitment to cheap money, meant to spur Japan’s laggard economic growth, as rising interest rates abroad have driven up inflation and weakened the yen. In an announcement following a two-day policy meeting, the bank said it would take a more flexible approach to controlling yields on 10-year government bonds, effectively allowing them to slip above the current ceiling of 0.5 percent.

Persons: treasuries Organizations: Bank of Japan Locations: Japan

☆ These are the states in America that are the least prepared for extreme weather
▼ + stars: | 2023-07-28 | by ( Scott Cohn | ) www.cnbc.com time to read: +11 min

Some states are in good shape to handle whatever the climate throws at them, but these are the states most at risk. 2023 Infrastructure score: 228 out of 390 points (Top States grade: B) Climate Extremes Index: 21.16% Properties at risk: 45.2% Renewable energy: 10.6%9. 2023 Infrastructure score: 165 out of 390 points (Top States grade: D) Climate Extremes Index: 8.7% Properties at risk: 2.8% Renewable energy: 12%8. Connecticut is home to the nation's first "green bank," which uses public dollars to leverage private investment in renewable energy. 2023 Infrastructure score: 227 out of 390 points (Top States grade: B) Climate Extremes Index: 21.16% Properties at risk: 61% Renewable energy: 12.5%1.

Persons: Jeremy Porter, York Snow, Joed Viera, Kelly Giddens, Daniel Hinton, Jessica Mcgowan, wades, Tim Boyle, Tony Evers, Scott Olson, Josh Edelson, Gavin Newsom, —, Marcellus, Tom Wolf, Josh Shapiro, Ida, Brendan McDermid, Hurricane Ida, Richard Bunting, Alex Hamilton, Hurricane Irene, Mark Wilson, Joe Biden's, Ted Shaffrey, Hurricane Nicole, Paul Hennessy, Marco Bello Organizations: Street Foundation, CNBC, Business, First, Oceanic, Atmospheric Administration, NOAA, U.S, Department of Energy, Afp, Getty, National Weather Service, Micron Technology, Alabama, University of Alabama, Illinois —, Badger State, Gov, Carolina, Carolinas, AFP, EQT Corp, Bloomberg, Reuters, Garden, State, Anadolu Agency, Sunshine State, Farmers Insurance, AAA Locations: States, York, Buffalo , New York, Empire, New York, Syracuse, Alabama TUSCALOOSA, AL, Cedar, Tuscaloosa , Alabama, Texas, Oklahoma, Alabama, Gulf, Wisconsin, Prairie du Chien , WI, Hurricane, Charleston , South Carolina, Florida, Georgetown , South Carolina, South Carolina, California, Oroville, Oroville , California, , California, Pennsylvania, Washington Township , Pennsylvania, U.S, Jersey, Oakwood, Elizabeth , New Jersey, Garden State , New Jersey, New Jersey, Delaware, Lewes , Delaware, Rhode, Connecticut, New Haven , Connecticut, Wilbur, , Florida, Louisiana, Kenner , Louisiana

☆ Dow Jones index set to end 13 day winning streak
▼ + stars: | 2023-07-27 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

Its recent rally comes as traders widely believe that the U.S. Federal Reserve's 25 basis point rate hike on Wednesday was the last in its campaign to control inflation. The Dow's longest-ever winning streak was 14 sessions, set in 1897, according to S&P Dow Jones Indices. Even after its recent gains, the Dow has lagged Wall Street's other main indexes in 2023. Reuters GraphicsWhile the Dow's recent winning streak is unusually long, its overall strength has not been exceptional. The Dow's last 13-day winning streak in January 1987 produced a gain of 11.1%.

Persons: Dow, Hogan, Tesla, it's, darlings, Noel Randewich, Alison Williams Organizations: Dow Jones, Dow, Reuters, U.S, U.S . Federal, Riley, Nvidia, Apple, Microsoft, Chevron, Verizon Communications, Walgreen Boots Alliance, Nasdaq, Thomson Locations: U.S ., Amgen

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