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☆ Will a government shutdown hurt your investments? 'The headline answer is no,' says analyst
▼ + stars: | 2023-09-27 | by ( Ryan Ermey | ) www.cnbc.com time to read: 1 min

Lawmakers on Capitol Hill remain in a virtual stalemate over a budget resolution that would keep the government funded for the remainder of the fiscal year. If that comes to pass, all "nonessential" government business will come to a halt, with some 4 million federal employees forgoing pay until the shutdown ends. "Sure, sure, but let's get to the important stuff," investors among you may be saying. "Is a shutdown likely to have a negative impact on my portfolio?" "The headline answer is no," says Ross Mayfield, an investment strategy analyst at Baird.

Persons: let's, Ross Mayfield, Baird Organizations: Capitol, Social Security, Veterans Affairs Locations: U.S

☆ Stock futures are little changed as Wall Street enters final innings of losing month and quarter: Live updates
▼ + stars: | 2023-09-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures were near flat Wednesday night as investors readied for the final trading days of what's shaping up to be a weak month and quarter. S&P 500 futures and Nasdaq 100 futures both added 0.1%. The S&P 500 and Nasdaq Composite added 0.02% and 0.2%, respectively, while the Dow finished 0.2% lower. Friday marks the end of what has been a tough trading month and quarter. The S&P 500 is slated to finish the month down 5.2% and the quarter off by about 4%.

Persons: Ross Mayfield, Baird Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Micron Technology, Dow, Treasury, PCE, Nike

☆ Eagles control clock, top Bucs in battle of unbeaten teams
▼ + stars: | 2023-09-26 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

Jake Elliott booted a 38-yard field goal as time expired for a 10-point halftime lead. Philadelphia began the third quarter with a 13-play, 75-yard drive that was capped by Hurts scoring from the 1 to make it 20-3. Elliott tacked on a 26-yard field goal to make it 25-3 with 13:28 left in the contest. Elliott kicked a 36-yard field goal with 3:05 left in the first quarter for the game's first points. Chase McLaughlin answered with a 33-yard field goal for the Buccaneers to knot the score with 8:33 left in the half.

Persons: D'Andre Swift, Olamide Zaccheaus, Brown, Jalen Carter, Baker Mayfield, Mike Evans, Devin White, Dee Delaney, Reed Blankenship, Jake Elliott, Delaney, Rachaad White, Nicholas Morrow, Elliott, Mayfield, Evans, Chris Godwin, Chase McLaughlin Organizations: Philadelphia Eagles, Tampa Bay Buccaneers, Eagles, Philadelphia, Buccaneers, Tampa Bay, Tampa, Thomson Locations: Philadelphia

The Eagles led 25-3 by the time the Bucs finally got into the end zone on Baker Mayfield's 1-yard TD throw to Mike Evans. A 2-point conversion trimmed Philadelphia's lead to 14 with 9:22 remaining, but Hurts and the Eagles never let Tampa Bay get the ball back. A week after rushing for a career-high 175 yards, D'Andre Swift ran for 130 yards on 16 attempts for Philadelphia. Brown finished with nine receptions for 131 yards for the Eagles — one of just three NFL teams that remain unbeaten, along with Miami and San Francisco. Buccaneers: CB Carlton Davis III (toe) and DL Calijah Kancey remained sidelined after sitting out the previous week against Chicago.

Persons: Baker, Mike Evans, Mayfield, D'Andre Swift, Brown, Evans, Ronde Barber's, Quez Watkins, RB Boston Scott, Justin Evans, CB Carlton Davis III, Calijah Kancey, ___ Organizations: Eagles, Philadelphia, Tampa Bay Buccaneers, NFC, Philly, Bucs, Minnesota, NFL, Tampa, Tampa Bay, Pro Football Hall of Fame, Fame, RB Boston, Buccaneers, CB, Chicago, NFC East, Washington, Sunday, NFC South, New Orleans Locations: TAMPA, Fla, Tampa, Chicago, Miami, San Francisco, Philadelphia, UP

☆ Inflation numbers are signaling the Fed will keep rates higher for longer, says SEI's Jim Smigiel
▼ + stars: | 2023-09-25 | 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 EmailInflation numbers are signaling the Fed will keep rates higher for longer, says SEI's Jim SmigielJim Smigiel, SEI chief investment officer and Ross Mayfield, Baird investment strategy analyst, join 'Closing Bell Overtime' to talk the day's market action, inflation numbers, the state of the economy and more.

Persons: Jim Smigiel Jim Smigiel, Ross Mayfield, Baird Organizations: SEI

Fourteen NFL teams are 1-1 and Pro Picks also has an even record through two weeks. Pro Picks doesn’t expect a Giants team that has been outclassed in six of eight quarters to keep it close. Looking at the 49ers to kick off a big week for favorites around the league. Against spread: 0-2. Against spread: 2-0.

Persons: Brock Purdy, Christian McCaffrey, Daniel Jones, Saquon Barkley, Barkley, FanDuel, Josh Allen, Sam Howell, Brandon Staley’s, Cousins, Bill Belichick, Aaron Rodgers, Zach Wilson, Trevor Lawrence, QB C.J ., Lamar Jackson, Anthony Richardson, Ryan Kelly, Bijan Robinson, Dak Prescott, Sean Payton can’t, Russell Wilson, Tua Tagovailoa, Travis Kelce, Chris Jones, Bryce Young, Geno Smith, Deshaun Watson, Nick Chubb, Jim Schwartz, Ryan Tannehill, Derek Carr, Jordan Love, haven’t, Baker Mayfield, Tom Brady, Joe Burrow’s, ___ Organizations: NFL, San Francisco 49ers, Niners, NFC, New York Giants, Giants, Arizona, 49ers, 49ERS, BUFFALO AT WASHINGTON Line, Bills, Buffalo, BEST BET, PITTSBURGH, LAS VEGAS, Steelers, The Raiders, ANGELES CHARGERS, MINNESOTA, Chargers, Vikings, VIKINGS, JETS Line, Patriots, Jets, PATRIOTS, HOUSTON AT JACKSONVILLE Line, Jaguars, JAGUARS, INDIANAPOLIS, BALTIMORE, Ravens, Pro Bowl, Colts, RAVENS, ATLANTA AT DETROIT, Falcons, Lions, LIONS, DALLAS AT ARIZONA Line, Cowboys, New York, woeful Cardinals, COWBOYS, DENVER, MIAMI Line, Dolphins, Broncos, DOLPHINS, CHICAGO, KANSAS CITY, Chiefs, Super Bowl, The Bears, CHIEFS, CAROLINA, SEATTLE Line, Panthers, Seahawks, Detroit . SEAHAWKS, TENNESSEE AT CLEVELAND Line, Browns, BROWNS, Packers, PACKERS, PHILADELPHIA, TAMPA BAY, Eagles, Buccaneers, Bucs, EAGLES, ANGELES RAMS, CINCINNATI Line, Rams, Bengals, AFC, BENGALS Locations: Francisco, New York, Minnesota, New England, QB C.J . Stroud, Cincinnati, KANSAS

☆ NFL roundup: Chiefs get back on winning track against Jaguars
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +10 min

Mahomes threw touchdown passes to Skyy Moore and Travis Kelce as the Chiefs (1-1) rebounded from a season-opening 21-20 loss to the Detroit Lions. Jones threw a 9-yard touchdown pass to Saquon Barkley and an 11-yard touchdown pass to Isaiah Hodgins, then drove New York 56 yards to Graham Gano's winning 34-yard field goal with 19 seconds remaining. In his third NFL start -- all Washington wins -- Howell completed 27 of 39 passes to fuel the Commanders' rally. Seahawks 37, Lions 31 (OT)Geno Smith connected with Tyler Lockett on a 6-yard touchdown pass in overtime to give visiting Seattle a victory over Detroit. Burrow aggravated his right calf injury on his second touchdown pass late in the fourth quarter.

Persons: Patrick Mahomes, Morgan Tencza, Mahomes, Skyy Moore, Travis Kelce, Kelce, Chris Jones, George Karlaftis, Jones, Trevor Lawrence, Christian Kirk, wideouts Zay Jones, Calvin Ridley, Daniel Jones, Saquon Barkley, Isaiah Hodgins, Graham Gano's, Joshua Dobbs, Kyler Murray, James Conner, Sam Howell, Brian Robinson, Howell, Robinson, Russell Wilson, Mary, Brandon Johnson, Benjamin St, Juste, Courtland Sutton, Wilson, Sean Payton, Geno Smith, Tyler Lockett, Smith, Lockett, Kenneth Walker, Riley Patterson, Jared Goff, Goff, Tre Brown, Gardner Minshew, Anthony Richardson, Richardson, Minshew, C.J, Stroud, Nico Collins, Tank Dell, Josh Allen, Allen, James Cook, Gabe Davis, Jimmy Garoppolo, Josh Jacobs, Davante Adams, Arthur Smith, Younghoe Koo, Bijan Robinson, Koo, Desmond Ridder, Drake London, Jordan Love, Jayden Reed, Ryan Tannehill, Nick Folk, Derrick Henry, Nick Westbrook, Cameron Dicker's, Justin Herbert, Keenan Allen, Austin Ekeler, Lamar Jackson, Joe Burrow, Burrow, Jackson, Nelson Agholor, Tee Higgins, Baker Mayfield, Mike Evans, Justin Fields, Fields, fumbling, Joe Tryon, Shoyinka, White, Dak Prescott, Brandon Aubrey, Prescott, Aaron Rodgers, Achilles, Zach Wilson, Garrett Wilson, Christian McCaffrey, San, Brock Purdy, Nacua, Matthew Stafford Organizations: Kansas City Chiefs, Jacksonville Jaguars, EverBank, Chiefs, Detroit Lions, Kansas, Jaguars, Giants, Cardinals, New York, Arizona, Broncos, Washington, NFL, Denver, Seahawks, Lions, Seattle, Detroit, Colts, Texans, Indianapolis, Houston, Bills, Raiders, Buffalo, Falcons, Packers, Atlanta, Green, Chargers, Tennessee, Los Angeles, The Chargers, Ravens, Bengals, Baltimore, Cincinnati, Buccaneers, Bears, Tampa Bay, Bucs, Tampa, Cowboys, Jets, Dallas, New, 49ers, Rams, Los, Thomson Locations: Jacksonville , Florida, USA, New York, Denver, Las, Orchard Park, N.Y, Green Bay, Green, Los, Nashville, Tenn, Tennessee, Tannehill, Ikhine, Cincinnati, Chicago, Tampa Bay, Arlington , Texas, San Francisco, Los Angeles, Inglewood , Calif

☆ Rolling Stone co-founder Jann Wenner removed from Rock Hall leadership after controversial comments
▼ + stars: | 2023-09-17 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Jann Wenner, co-founder of Rolling Stone magazine, has been removed from the Rock & Roll Hall of Fame Foundation’s board after facing widespread criticism for controversial comments made in a New York Times interview published Friday about female and Black musicians. “Jann Wenner has been removed from the board of directors of the Rock & Roll Hall of Fame Foundation,” Joel Peresman, the president and chief executive of the foundation, told the New York Times in a statement Saturday. CNN has reached out to the Rock & Roll Hall of Fame for comment. In the interview, he spoke about his decision to not include interviews with women and Black artists, and his remarks on the topic were widely criticized. He was inducted in the Rock & Roll Hall of Fame as an individual in 2004, and is a co-founder of the Rock & Roll Hall of Fame Foundation.

Persons: CNN — Jann Wenner, “ Jann Wenner, ” Joel Peresman, Wenner, John Lennon, Bob Dylan, Mick Jagger, “, ”, Stevie Wonder, Marvin Gaye, Curtis Mayfield, Otis Redding, Brown, I’ve, Ralph J, Gleason Organizations: CNN, Rolling Stone, Roll Hall, Fame, New York Times, Roll Hall of Fame Foundation, Roll Hall of Fame, Times, Company, The New York Times, Stone Locations: Rolling, Little

“Jann Wenner has been removed from the Board of Directors of the Rock & Roll Hall of Fame Foundation,” the hall said Saturday, a day after Wenner's comments were published in a New York Times interview. Wenner co-founded Rolling Stone in 1967 and served as its editor or editorial director until 2019. He also co-founded the Rock & Roll Hall of Fame, which was launched in 1987. Last year, Rolling Stone magazine published its 500 Greatest Albums of All Time and ranked Gaye's “What's Going On” No. ___This story has been updated to correct that Wenner was a co-founder of Rolling Stone magazine and not the founder.

Persons: — Jann Wenner, “ Jann Wenner, Wenner, Bob Dylan, Jerry Garcia, Mick Jagger, John Lennon, Bruce Springsteen, Pete Townshend, Bono, “, Grace Slick, Janis Joplin, Joni, Mitchell, ”, —, Stevie Wonder, Marvin Gaye, Curtis Mayfield, ” Wenner, Prince, Lauryn Hill's, Lauryn Hill ”, ___ Mark Kennedy Organizations: Stone, Roll Hall of Fame, Roll Hall of Fame Foundation, New York Times, Times, Rolling Stone

Jalen Hurts and the Philadelphia Eagles host Kirk Cousins and the Minnesota Vikings in their home opener in prime time for the second straight season. Philadelphia overpowered the Vikings on both sides of the ball in a convincing 24-7 victory on Monday night in Week 2 last season. Hurts threw for 333 yards, the offense racked up 486 yards and the defense held Minnesota to 264 yards. The Patriots (0-1) stifled Jalen Hurts and Philadelphia’s dynamic offense and would’ve won if the offense wasn’t inept. Against spread: 0-1.

Persons: Kirk Cousins, Baker Mayfield, Cousins, FanDuel, That’s, Brock Purdy, Matthew Stafford, Tom Brady, Mayfield, Justin Fields, Aaron Rodgers, Jordan Love, Bijan Robinson, Tyler Allgeier, Detroit Jared Goff, Travis Kelce, Chris Jones, Buffalo Josh Allen’s, Zach Wilson, Jimmy Garoppolo, Justin Herbert, Brandon Staley’s, can’t, they’ve, Houston Anthony Richardson, C.J ., Cincinnati Lamar Jackson, Joe Burrow, Jacksonville Doug Pederson, Andy Reid, Patrick Mahomes, Dak, Denver Russell Wilson, Sean Payton, Tua Tagovailoa, would’ve, Carolina Bryce Young, He’s, Mike Tomlin, Kenny Pickett, Myles Garrett, ___ Organizations: Philadelphia Eagles, Minnesota Vikings, Philly, Eagles, Lincoln Financial, Kansas City, Super, NFC, Vikings, Tampa Bay Buccaneers, Philadelphia, Minnesota, EAGLES, Francisco, Los Angeles Rams, 49ers, Pittsburgh, Rams, BEST BET, 49ERS, Buccaneers, Bucs, Bears, Atlanta, Packers, Chicago, The Falcons, PACKERS, Seattle, Detroit, Lions, Super Bowl, Chiefs, The Seahawks, LIONS, Vegas, Buffalo, Jets, Bills, Raiders, Los Angeles Chargers, Tennessee L.A, Miami, The Titans, CHARGERS, Indianapolis, Houston, Colts, C.J, Texans, TEXANS, Cincinnati, Ravens, Bengals, BENGALS, Jacksonville, Jaguars, CHIEFS, New York Giants, Cowboys, Giants, Cardinals, San, GIANTS, New York Jets, Dallas Reality, The Cowboys, COWBOYS, Denver, Broncos, Arizona . BRONCOS, Dolphins, Patriots, DOLPHINS, Carolina, Cleveland, Pittsburgh The Browns, Steelers, Co, BROWNS Locations: New England, Minnesota, Chicago, Denver, Tennessee, C.J . Stroud, Baltimore, Arizona, San Francisco, Dak Prescott, Washington, Miami, New, Orleans, Pittsburgh

☆ What we learned from Week 1 of 2023 NFL season
▼ + stars: | 2023-09-12 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

CNN —Week 1 of the new NFL season is in books and there are no shortage of talking points. This year’s influx of rookies made their first steps in the NFL over the weekend with varying success. Most notably was the serious-looking injury suffered by Aaron Rodgers on his New York Jets debut on Monday Night Football. It is the second serious injury Dobbins has suffered in his short NFL career after he tore his ACL, ruling him out of the 2021 season entirely. Matt Durisko/APAlso, can Zach Wilson – who was relegated to the Jets’ bench after Rodgers’ arrival – maintain a playoff push?

Persons: –, Brock Purdy, Matt Freed, – Bryce Young, C.J ., Anthony Richardson –, Richardson, Bijan Robinson, he’s, Robinson, Danny Karnik, Derek Carr, Jimmy Garoppolo, Baker Mayfield, Jordan Love, Aaron Rodgers, Sam Howell, Quinn Harris, Rodgers, Robert Saleh, Achilles, MRI’s, it’s, ” Rodgers, Michael Owens, Dobbins, John Harbaugh, Joe Burrow, Justin Herbert, Brandon Aiyuk, Matt Durisko, Zach Wilson – Organizations: CNN, NFL, Super, San Francisco 49ers, Pittsburgh Steelers, C.J, Stroud, Atlanta Falcons, Young’s Carolina Panthers, Carolina Panthers, New, New Orleans Saints, Las Vegas Raiders, Tampa Bay Buccaneers, Green Bay Packers, Soldier Field, NFC North, Chicago Bears, Getty, New York Jets, Monday, Jets, Packers, Buffalo Bills, Bills, Baltimore Ravens, Houston Texans, Steelers, Dallas Cowboys, New York Giants, Detroit Lions, Kansas City Chiefs, Cleveland Browns, Cincinnati Bengals, Browns, Bengals, Los Angeles Chargers, Miami Dolphins, Chargers, Jacksonville Jaguars, Washington, Philadelphia Eagles, New England Patriots, Indianapolis Colts, Kansas City Chiefs Carolina Panthers, Atlanta Falcons Houston Texans, Baltimore Ravens Cincinnati Bengals, Cleveland Browns Jacksonville Jaguars, Indianapolis Colts Tampa Bay Buccaneers, Minnesota Vikings Tennessee Titans, New Orleans Saints San Francisco 49ers, Pittsburgh Steelers Arizona Cardinals, Washington Commanders Green Bay Packers, Chicago Bears Las Vegas Raiders, Denver Broncos Miami Dolphins, Los Angeles Chargers Philadelphia Eagles, New England Patriots Los Angeles Rams, Seattle Seahawks Dallas Cowboys, New York Giants Buffalo Bills Locations: C.J . Stroud, New Orleans, Florida, Washington, J.K, Sunday’s

☆ Walmart customers either hate or love the chain's new shopping carts. We tried one out, and it's clear why they are so polarizing.
▼ + stars: | 2023-09-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Walmart's new taller shopping cart design features a cupholder and a slot for phone or grocery list. Sam's Club and Costco shoppers might recognize the cart's side profile, though this one is narrower. Sam's Club and Costco shoppers might recognize the cart's side profile with its low basket and high seat. The main difference is the narrower, single-seat design, while the warehouse club carts accommodate two children. Target's shopping carts also feature a nice phone tray and cupholder.

Persons: Kelsey Bohl, Dominick Reuter, hadn't, Maddy Charlson, TikToker Tyler Paboucek Organizations: Sam's, Costco, Service, Walmart Locations: Wall, Silicon, Mayfield , Kentucky, Madison , Wisconsin

MINNEAPOLIS (AP) — The grit Baker Mayfield showed Tampa Bay down the stretch of his debut sure outweighed the rough start. Mayfield recovered to throw two touchdown passes without a turnover, and the Buccaneers beat Minnesota 20-17 in the season opener after three first-half turnovers by the Vikings on Sunday. “It wasn’t our prettiest effort by any means, but we finished the right way,” Mayfield said. But after going an NFL-record 11-0 in one-score games during the 2022 regular season, the Vikings ran out of that late-game mojo. The Vikings have less urgency around Jefferson with two seasons left on his rookie contract.

Persons: Baker, Mayfield, ” Mayfield, Chase McLaughlin, Tampa Bay —, Todd Bowles, “, Tom Brady, Mike Evans, Shaquil Barrett, Chris Godwin, ”, ” Kirk Cousins, Jordan Addison, Alexander Mattison, Justin Jefferson, Kevin O'Connell, Jay Ward, McLaughlin, Trey Palmer, Cousins, Antoine Winfield Jr, Vita Vea, Christian Izien, Osborn, Izien, Ed Ingram, ” Cousins, Evans, Jefferson, Bud Grant, Grant, LB Lavonte David, Vea, Calijah, C Garrett Bradbury, LT Christian, OLB Marcus Davenport, ___ Organizations: Buccaneers, Minnesota, Vikings, Tampa Bay, Bucs, Browns, Panthers, Rams, BEST, The Vikings, LB Lavonte, LT, NEXT Buccaneers, Host Chicago, Sunday Locations: MINNEAPOLIS, Tampa, Winfield, Jefferson, Philadelphia

☆ Warren Buffett dumps stock, regulators open probes as claims of abuse and fraud mount against a top Globe Life agency
▼ + stars: | 2023-08-31 | by ( Susan Antilla | ) www.businessinsider.com time to read: +22 min

Five other current or former agents confirmed to Insider that some Arias agents wrote up policies in the names of fictional people or people who were dead. Amy Williamson, an attorney who represents dozens of current and former Arias agents in civil claims, said she received an inquiry from a US attorney's office. With regard to Insider's specific questions about Globe, AIL, and Arias, she said, "It is the Company's policy not to comment." Lusty asked questions about Russin's campaign of aggressive social-media posts since Zinsky filed suit, Williamson said, including posts about his gun purchases. Since Zinsky filed suit against him, Russin has made a string of threatening social media posts featuring firearms.

Persons: Simon Arias, Warren Buffett, Berkshire Hathaway, Arias, Trina Orlando, Michelle Billotte, Billotte, she'd, Orlando, Nancy Andrews, William McKee, McKee, Brett Hambright, Amy Williamson, AIL, Renee Zinsky, Michael Russin, Russin, Jennifer Haworth, Benjamin Webb, Chris Williams, Natalie Price, dialers, DocuSign, Scott Dehning, Steven Greer, Joel Scarborough, Dehning, Haworth, Greer, Zinsky, Abeni Mayfield, Mayfield, Columbia , Maryland Rosem Morton, Abeni Mayfield Orlando, texted, Kailey Andrasko, propositioned, Russin texted, he'd, Kailey, Williamson, Anne Hilbert, Hilbert, Debbie Gamble, Zinsky's, Webb, didn't, interrogatories, Jonathan Lusty, Lusty, I'm Organizations: Arias, . Insurance, Wexford, Berkshire, Globe, Life, American, Arias Organization, Arias Agency, Pennsylvania Department of Insurance, Department of Insurance, Department, Pennsylvania, Globe Life, Texas Rangers, Dallas Cowboys, AIL, Organization, Russin, Insider Orlando, Caesars, Employment, Commission, Caesars Palace, Russin's, Consulting, Court, Western District of Pennsylvania Locations: Wexford , Pennsylvania, Wexford, Morgantown , West Virginia, AIL, Michigan, Scarborough, Columbia , Maryland, Las Vegas, Stockholm, Orlando, Morgantown, Mayfield's, Western District, Pittsburgh

People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. Focus now shifts to a report on the personal consumption expenditures price index, the Fed's preferred inflation gauge, to be released on Thursday, and non-farm payrolls data due on Friday. According to preliminary data, the S&P 500 (.SPX) gained 27.49 points, or 0.62%, to end at 4,433.20 points, while the Nasdaq Composite (.IXIC) gained 114.49 points, or 0.84%, to 13,705.13. Micron's and Intel's shares gained for much of the session. Horizon's shares rose.

Persons: Brendan McDermid, Goldman Sachs, Jerome Powell, Powell didn't, Ross Mayfield, Gina Raimondo, Wang Wentao, Shristi Achar, Noel Randewich, Shounak Dasgupta, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Investment, Baird, Nvidia, Creative Planning, Nasdaq, Dow Jones, JD.com, Baidu, U.S . Commerce, Intel, Micron, Chinese Commerce, U.S . Federal Trade Commission, Horizon Therapeutics, Thomson Locations: New York City, U.S, China, Bengaluru, Oakland, Calif

☆ Nvidia's forward PE ratio tumbles to lowest in eight months
▼ + stars: | 2023-08-28 | by ( Noel Randewich | ) www.reuters.com time to read: +2 min

Courtesy NVIDIA/Handout via REUTERS Acquire Licensing RightsAug 28 (Reuters) - Increased analysts' estimates since Nvidia's (NVDA.O) strong quarterly report last week have left the world's most valuable chipmaker trading at its lowest forward earnings multiple in eight months. Nvidia's forward earnings valuation plungesAt that price, Nvidia shares are trading at the equivalent of around 33 times expected earnings over the next 12 months, according to Refinitiv data. That forward PE compares to over 46 a week ago, and it is now at its lowest since December 2022. Price/earnings ratios help investors gauge the value of companies, but relying on analysts' estimates of future earnings creates uncertainty. Following its report, analysts on average expect Nvidia's revenue for the fiscal year ending in January 2024 to reach $53 billion, nearly double the previous year, according to Refinitiv data.

Persons: Price, Ross Mayfield, Cody Acree, It's, Acree, Jensen Huang, Noel Randewich, Diane Craft Organizations: NVIDIA, Handout, REUTERS Acquire, Nvidia, Baird, Benchmark Research, Apple, Thomson Locations: Santa Clara , California

☆ US wildland firefighter pay threatened by Republican feud in Congress
▼ + stars: | 2023-08-23 | by ( David Morgan | ) www.reuters.com time to read: +4 min

"Firefighters cannot be held hostage to congressional infighting," said Lucas Mayfield, president of the advocacy group Grassroots Wildland Firefighters. More than 10 million acres were affected in 2015 and 2017. Last year, the cost of suppressing wildfires across 7.6 million acres surpassed $3.5 billion, according to the center. "Now is not the time ... to be engaging in this kind of the political gamesmanship around something as important as the livelihood of our wildland firefighters," he told Reuters. Neguse and Senator Kyrsten Sinema, an independent from Arizona, have introduced legislation in their respective chambers that would avoid the pay cliff and authorize future pay increases for wildland firefighters.

Persons: Matthew A, Foster, Handout, Mike Simpson, Joe Biden, Lucas Mayfield, Mayfield, Joe Neguse, Kyrsten Sinema, David Morgan, Scott Malone, Alistair Bell Organizations: Force, U.S . Army National Guard, Staff, REUTERS, Rights, Interagency Fire, Idaho Republican, Reuters, Republicans, Democrats, Democratic, Biden, Grassroots, Firefighters, Republican, National Interagency Fire Center, Colorado Democrat, House, Thomson Locations: Lahaina , Hawaii, U.S, Washington, West, British Columbia, Idaho, United States, Neguse, Arizona

☆ The opportunity is in fixed income right now, says Baird's Ross Mayfield
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe opportunity is in fixed income right now, says Baird's Ross MayfieldRoss Mayfield, Baird investment strategy analyst, joins 'Squawk Box' to discuss the latest market trends, why he thinks recent tightening of financial conditions will give the Fed cover to be less hawkish when Fed officials meet at the economic symposium in Jackson Hole later this week, and more.

Persons: Baird's Ross Mayfield Ross Mayfield, Baird Organizations: Fed Locations: Jackson

☆ Nvidia, key Powell speech to take center stage next week in midst of Wall Street's August woes
▼ + stars: | 2023-08-18 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The week ahead will "revolve around three things," Infrastructure Capital Management CEO Jay Hatfield remarked on the week ahead. "Nvidia's earnings, Nvidia's earnings and, to a lesser degree, Jackson Hole." Nvidia earnings Many investors expect Nvidia will beat expectations for the second quarter when it reports results next Wednesday . More commentary from Jackson Hole If Nvidia is the key microeconomic event next week, Jackson Hole will dominate macroeconomic discussion. Powell delivers his address at the annual central bank forum hosted by the Kansas City Fed next Friday morning.

Persons: Jerome Powell, Jay Hatfield, Jackson, Management's Yung, Yu Ma, Hans Mosesmann, Hatfield, Powell, Ross Mayfield, Ray Farris, Fed Governor Bowman, Michael Bloom Organizations: Federal, Infrastructure Capital Management, Dow, Nasdaq, Treasury, Fitch, Federal Reserve, BMO, Nvidia, Rosenblatt Securities, Infrastructure Capital Management's, Kansas City Fed, Fed, Infrastructure Capital, Credit Suisse, Richmond Fed, Federal Reserve Bank of Chicago, PMI, New, Body, Devices, Autodesk, Chicago, . Kansas City Fed Manufacturing, Intuit, Ulta Locations: , Wyoming, China, Infrastructure Capital Management's Hatfield, Powell, . Kansas, Michigan

☆ Baird: The broader cyclical bull market has legs into year-end
▼ + stars: | 2023-08-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBaird: The broader cyclical bull market has legs into year-endRoss Mayfield, Investment Strategy Analyst at Baird, discusses the global markets, the stock rally, and recent monetary policy decisions.

Persons: Baird, Ross Mayfield Organizations: Investment

Second-quarter earnings for S&P 500 companies are estimated to have fallen 6.4% year-over-year, Refinitiv data through Friday showed. Citigroup raised its 2023-end and mid-2024 S&P 500 targets to 4,600 and 5,000, respectively, to reflect a higher possibility of a soft landing. According to preliminary data, the S&P 500 (.SPX) gained 7.64 points, or 0.17%, to end at 4,589.15 points, while the Nasdaq Composite (.IXIC) gained 29.37 points, or 0.21%, to 14,348.50. Nearly half of the top 11 S&P 500 sectors posted gains, led by a rise in energy stocks (.SPNY). Adobe (ADBE.O) stocks rose, outperforming tech peers, after Morgan Stanley raised its rating to "overweight" on the photoshop maker.

Persons: Dow, Ross Mayfield, Austan Goolsbee, Jay Hatfield, Johnson, Morgan Stanley, Echo Wang, Johann M Cherian, Vinay Dwivedi, Richard Chang Organizations: Citigroup, Nasdaq, Amazon.com, Apple, Baird, Intel, Lam Research, Chicago Fed, Dow Jones, Infrastructure Capital Advisors, SoFi Technologies, ON Semiconductor, Dow, Johnson, Adobe, Thomson, & & ' Locations: Louisville , Kentucky, New York, U.S, Bengaluru

Second-quarter earnings for S&P 500 companies are estimated to have fallen 6.4% year-over-year, Refinitiv data through Friday showed. The tech-heavy Nasdaq led Wall Street higher last week as megacap growth companies such as Alphabet (GOOGL.O), Meta Platforms (META.O) as well as chipmakers Intel (INTC.O) and Lam Research (LRCX.O) posted strong quarterly earnings. Citigroup raised its 2023-end and mid-2024 S&P 500 targets to 4,600 and 5,000, respectively, to reflect a higher possibility of a soft landing. Eight of the top 11 S&P 500 sectors posted gains, led by a 2% rise in energy stocks (.SPNY). The S&P 500 posted 27 new 52-week highs and one new low; the Nasdaq Composite recorded 95 new highs and 57 new lows.

Persons: Ross Mayfield, Austan Goolsbee, Jay Hatfield, Johnson, Morgan Stanley, decliners, Echo Wang, Johann M Cherian, Vinay Dwivedi, Richard Chang Organizations: Citigroup, Dow, Nasdaq, Amazon.com, Apple, Baird, Intel, Lam Research, Chicago Fed, Dow Jones, Infrastructure Capital Advisors, Financial, SoFi Technologies, ON Semiconductor, Johnson, Adobe, NYSE, Thomson, & & ' Locations: Louisville , Kentucky, New York, U.S, Bengaluru

☆ Meet the contrarian VC: Why Mayfield's Navin Chaddha is writing more checks than ever before while other investors pull back
▼ + stars: | 2023-07-26 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +5 min

The longtime VC firm just announced a new $250 million seed fund focused on AI. In tough economic times, the firm's leader, Navin Chaddha, believes it's a prime time to invest. That has essentially been Navin Chaddha's mantra since he took over the reins at venture-capital stalwart Mayfield Fund in 2009. With a dedicated $250 million AI seed war chest, Mayfield is now prepared to lean in even more. "We believe that AI will emerge as our teammate and that the Gen.AI wave will create many iconic companies," Chaddha said in a press release.

Persons: Mayfield, Navin Chaddha, it's, Navin, that's, Chaddha, – who's, Forbes, –, Vijay Reddy, Reddy Organizations: VC, Mayfield Fund, Mayfield, Tiger, Insight Partners, Clear Ventures, Intel Capital, Wing Venture Locations: Bessemer, Sequoia

☆ China's sagging economy looms over quarterly results around the world
▼ + stars: | 2023-07-20 | by ( Noel Randewich | ) www.reuters.com time to read: +4 min

July 20 (Reuters) - China's frail growth could weigh on companies with exposure to the world's second-largest economy, including Apple (AAPL.O), big chipmakers and luxury retailers as they report quarterly results in the next few weeks. China accounted for 36% of NXP's revenue last year and half of Texas Instruments' revenue. Analysts estimate NXP reporting a 3.2% drop in quarterly revenue, with Texas Instruments' revenue tumbling 16%, which would be its steepest drop since 2009, according to Refinitiv. The specialty glass maker blamed "anticipated recession-level demand" for weak results in its previous quarterly report last April. Coffee maker Starbucks (SBUX.O) in May reported quarterly results that beat estimates, powered by recovering demand in China.

Persons: Ross Mayfield, Baird, Cartier, Richemont, Bernstein, Tesla, Jonathan Golub, hobble, David Klink, Noel Randewich, Chavi Mehta, Caroline Valetkovitch, Mimosa Spencer, David Gaffen, Nick Zieminski Organizations: Apple, U.S, Shanghai, ABB, HK, NXP Semiconductors, Texas, Texas Instruments, . Credit Suisse Chief, Equity, Corning Inc, Samsung Electronics, Huntington Private Bank, Reuters, Thomson Locations: China, U.S, Swiss, Asia, ., China . U.S, Washington, Beijing, Oakland , California, Bangalore, New York, Paris

☆ Investors count on upward market momentum in the week ahead as earnings rain down
▼ + stars: | 2023-07-14 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Stocks could continue to gain momentum in the week ahead as traders turn their attention to earnings results after the past week's softer inflation news. The major benchmarks are headed for a positive week Friday after encouraging consumer and wholesale inflation in June cemented the likelihood that the Federal Reserve is closer to the end of its rate-hiking campaign. Some market participants expect this period could mark the trough for earnings, and urge traders to pay more attention to forward guidance. "And that's a great sign for the market and market health." ET: NAHB housing market index (July) Earnings: Bank of America , Morgan Stanley , Bank of N.Y. Mellon , Lockheed Martin , PNC Financial , J.B. Hunt Wednesday 8:30 a.m.

Persons: Sage, Rob Williams, Sam Stovall, gee, Stovall, It's, Yung, Yu Ma, MRB, Sage Advisory's Williams, Williams, Morgan Stanley, Wells, Baird's Ross Mayfield, Lockheed Martin, Baker Hughes, Goldman Sachs, Kinder Morgan, Equifax, Johnson Organizations: Federal Reserve, Traders, Reserve, Open, BMO Wealth Management's, MRB Partners, Bank of America, JPMorgan Chase, Investors, Bank, N.Y, Mellon, Lockheed, PNC Financial, J.B, Hunt, Housing, Nasdaq, Citizens Financial, Halliburton, Las Vegas Sands, IBM, Tesla, Netflix, American Airlines, United Airlines, CSX, Comerica, PPG, Roper Technologies, American Locations: Wells Fargo, Silicon Valley, Las Vegas, Horton

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