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US stocks climbed Wednesday, with the S&P 500 closing at a record high. Traders are waiting on the June inflation report, which will be a key input for Fed policy. Investors are anticipating two rate cuts from the central bank by year-end, per the CME FedWatch tool. AdvertisementUS stocks rose on Wednesday as traders waited for upcoming inflation data and took in Powell's testimony before Congress. Still, the outlook for Fed rate cuts was little changed.
Persons: , Powell Organizations: Traders, Service, Dow Jones, Nasdaq
Traders work on the floor at the New York Stock Exchange on June 14, 2024. U.S. stock futures were little changed Wednesday night after both the S&P 500 and Nasdaq Composite closed at new all-time highs. Futures tied to the broad market index slipped less than 0.1%, as did Nasdaq 100 futures . These moves come before a key inflation report due to be released Thursday morning, which could help solidify expectations for a rate cut in September. "Any upside surprises in inflation are going to be downside surprises for markets.
Persons: Dow Jones, Mike Bailey Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Costco Wholesale, Dow, FBB Capital Partners, PepsiCo, Delta Air Lines
With three children and a dog, the Aguilar Ortega family trekked through the jungle, hopped freight trains and toured Times Square. Millions of Venezuelans like the Aguilar Ortega family have fled economic misery and political repression in their homeland as it descended into turmoil. “The kids want to go to New York,” Mr. Aguilar said in Spanish as he stood by his tent in Mexico City. Mr. Aguilar created hiding places for their cash, using toenail clippers to cut small openings into Hayli’s jacket and Josué’s pants. She called Ms. Ortega to check in, and learned of the family’s setup.
Persons: Aguilar Ortega, trekked, Miles, — Hayli, Samuel, Henry Aguilar, Leivy Ortega, Eric Adams, Biden, Aguilar, Ms, Ortega, Donna, ” Mr, , COLOMBIA Samuel, Hayli, Nicolás Maduro, It’s, Mr, selfies, , Josué, Donna meandered, patted, Aguilar Ortegas, Aguilar’s, weren’t, “ It’s, Rafael García, “ Papi, Ortega’s, Floyd Bennett, Simón, Floyd Bennett Field, “ I’ve, I’m, Maria Cardona, ” Ms, Cardona, Amy Swan, Ray Swan, Swan Organizations: New York Times, U.S ., The Times, GAP, MEXICO CITY, Mexico City, Central America, CIUDAD, Times, United, Venezuela’s, Roman Catholic Church, New York, La Guardia Airport, Delta, Roosevelt, Queens, Honda, Facebook Locations: Mexico City, Latin America, Venezuelan, New York City, New York, U.S, United States, Venezuela, , COLOMBIA, Colombia, Chile, Ecuador, Peru, Panama, la, , ” PANAMA, MEXICO, Guatemala, Mexico, earshot, Central, Costa Rica, Nicaragua, Honduras, CIUDAD JUÁREZ, Ciudad Juárez, Texas, Juárez, Mexican, Rio Grande . Texas, Rio Grande, Cuba, Haiti, El Paso , Texas, El Paso, PASO , TEXAS, York, La, Michigan, Santa Claus, Manhattan, Spanish, MANHATTAN, BROOKLYN, Brooklyn, Simón Bolivar, Spain, Jamaica, MIDDLETOWN, CONN, Middletown, Conn, Connecticut
I've been a Swiftie since 2007, so you can imagine my absolute euphoria at getting my hands on tickets to the Eras Tour. Taylor's previous tours never came to South Africa, where I live, and the Eras Tour was no exception, with Africa left off the roster completely. I was left with a broken collarbone, broken ribs, and a massive hematoma in my right hip and thigh. Then, we watched Paramore for an hour before the three-and-a-half-hour Eras Tour. AdvertisementTayla Blaire had a great view of Taylor Swift at the Eras Tour concert.
Persons: I've, Weeks, hadn't, Tayla Blaire, Taylor Swift, tiptoe, Taylor Organizations: Service Locations: South Africa, Africa, Europe, Dublin, Johannesburg, Mere, Cork
Brad Reinhart, Senior Hurricane Specialist at the National Hurricane Center, works on tracking Hurricane Beryl, the first hurricane of the 2024 season, at the National Hurricane Center on July 01, 2024 in Miami, Florida. Hurricane Beryl has been declared the strongest-ever hurricane in July, breaking the latest in a series of records as it causes widespread destruction in the Caribbean. On Monday, Beryl was declared a Category 5 hurricane — the highest rating on the SAFFIR-SIMPSON Hurricane Scale, declared when winds top 155 miles per hour. The National Oceanic and Atmospheric Administration (NOAA) previously forecast an 85% chance of an "above-normal" 2024 hurricane season in the Atlantic. Four to seven of these are projected as likely to develop into major hurricanes, compared with an average of three.
Persons: Brad Reinhart, Hurricane Beryl, Beryl, El Organizations: National Hurricane Center, Atmospheric Administration, NOAA, Southern Locations: Miami , Florida, Hurricane, Caribbean
The debate between Donald J. Trump and President Biden had analysts in Asia fretting. During Thursday night’s debate, President Biden told former President Donald J. Trump that the United States is the “envy of the world.”After watching their performance, many of America’s friends might beg to differ. In Europe and Asia, the back-and-forth between the blustering Mr. Trump and the faltering Mr. Biden set analysts fretting — and not just about who might win the election in November. Image Mr. Biden leaving the debate stage. Kasit Piromya, Thailand’s foreign minister from 2008 to 2011 and a former ambassador to the United States, lamented the state of American politics.
Persons: Donald J, Trump, Biden, , fretting —, ” Simon Canning, ” Sergey Radchenko, Vladimir Putin, Xi Jinping, , Putin, “ I’ve, Mr, Kenny Holston, François Heisbourg, Trump’s, “ I’m, Heisbourg, Radoslaw Sikorski, Marcus Aurelius, Commodus, Sikorski, Joe Biden’s, Donald Trump, Joe Biden, Daniela Schwarzer, Bogdan Butkevych, “ Trump, Chan Heng Chee, Ms, Chan, Lee Byong, ’ ”, Koichi Nakano, Haiyun Jiang, Narendra Modi, Tara Kartha, , Shen Dingli, don’t, Kasit, Damien Cave, Lee Wee, Choe Sang, Vivian Wang, Camille Elemia, Mujib Mashal, Ségolène Le Stradic, Marc Santora Organizations: Johns Hopkins School, International Studies, , Mr, Russia, New York Times, Trump, Bertelsmann Foundation, Washington , D.C, Credit, Kremlin, Kyiv Independent, Biden unnerves, Institute for Far Eastern, Kyungnam University, Sophia University, The New York Times, Washington, National Security Council of, , Weibo Locations: Asia, Australian, United States, Europe, Australia, Washington, Russia, China, North Korea, Ukraine, Lebanon, Iran, Israel, Japan, South Korea, Gaza, Jerusalem, France, Washington ,, American, Ukrainian, North, Seoul, , United, Tokyo, The New York Times India, National Security Council of India, New Delhi, Beijing, India, Communist, Shanghai, U.S, Southeast Asia
Stock futures are near flat Thursday night as traders await closely followed inflation data. Dow Jones Industrial Average futures slipped 36 points, or 0.1%. S&P 500 futures ticked up 0.1%, while Nasdaq 100 futures added 0.2%. In after-hours action, Nike shares slipped more than 12% after the athletic retailer cut its full-year guidance. Excluding volatile food and energy prices, the core PCE is forecast to come in 0.1% higher on the month and 2.6% on an annualized basis.
Persons: Foot Locker Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Nike, PCE, Dow, Federal, Fed
Jack Taylor | Getty Images News | Getty ImagesLONDON — European stocks are heading for a cautiously higher open Friday as investors monitor a slew of central bank decisions and data releases. The pan-European Stoxx 600 index is on course for a weekly gain of more than 1.5%, its best performance since early May. Attention this week turned to central bank action, as the Swiss National Bank announced it would cut interest rates by 0.25 percentage points to 1.25%. The SNB became the first major central bank to cut rates during this cycle back in March. The Bank of England meanwhile kept interest rates unchanged at a 16-year high of 5.25%.
Persons: Jack Taylor Organizations: Getty, Equity, European Union Parliament, Reuters, Swiss National Bank, Bank of England Locations: Godalming, United Kingdom, France
The S&P 500 is likely to fall at least 5% in the coming months, one strategist predicted. CFRA's Sam Stovall said a pullback tends to follow a great first quarter for the benchmark index. On the bright side, Stovall said the S&P's full-year gain is usually over 20% after a stellar start. AdvertisementBrace for stocks to take a breather and retreat by at least 5% after a breathless start to the year, one strategist warned. The S&P 500 surged by more than 10% in the first quarter.
Persons: CFRA's Sam Stovall, Stovall, , Brace, Sam Stovall, CFRA Organizations: Service, Nvidia, Microsoft, Yahoo Finance, Wall Street, CFRA Locations: Friday's
The S & P 500 is higher by 14% already this year, having topped 5,400 for the first time, already blowing past the year-end forecasts of many strategists. In its revised forecast, Goldman Sachs anticipates the S & P 500 still has further to climb. It would mean a 13% fall for the S & P 500, back down to 4,700. Megacap exceptionalism If AI stocks continue to outperform, defying expectations, stocks could see a huge megacap tech rally between now and year's end. In this scenario, investors can expect the S & P 500 to close out the year at 6,300, a gain of about 16%.
Persons: Goldman Sachs, David J, Kostin, Goldman, Nvidia — Organizations: Meta, Microsoft, Nvidia, Federal Reserve
“It’s a bit like God’s waiting room.”But Clacton is the front line of Britain’s migration debate. The Reform leader uses divisive language on migration, warning supporters of what he calls an "invasion" of asylum seekers. Despite years of tough rhetoric and policies aimed at deterring the arrival of asylum seekers – devised largely to placate Farage’s supporters – Britain’s asylum system is creaking. Laws prevent most asylum seekers from working, so while taxpayers fund their accommodation, they cannot contribute formally to the economy. That could widen even further the chasm in understanding between his voters and Britain’s asylum seekers, experts fear.
Persons: ” Danny Botterell, Nigel Farage, BEN STANSALL, Donald Trump, Nigel, ” Botterell, , Farage, ” Farage, , Rob Picheta, CNN Britain’s, Rishi Sunak’s, ” Zoe Gardner, “ Farage, “ They’ll, , Louise Brockwell, Danny Botterell, David Cameron –, Europe –, Sunak, Cameron, Farage’s, ted Britain’s, France –, ” Gardner, Masood, they’re, ” Masood, Brexit, Douglas Carswell, ” Carswell, ” “ There’s, Carswell, Bob Brace, Farage's, hasn’t, Jack, can’t, you’re, Bridget Tyril, Roy Whitehead, Keir Starmer, “ It’s, they’ve, Karen French, “ I’ve, He’s, James Johnson, Theresa May’s, pollster, Queen Elizabeth II, restauranter Dean Coles, Jehosh, Gardner Organizations: England CNN —, Seagulls, CNN, Getty, Clacton, Labour, Brexit Party, Tories, Jays, Sky News, Times, Home Office, Conservative, UKIP, EU, Brexit, Mississippi Center for Public, John, People, Trump, Downing, Partners, , Conservatives Locations: Clacton, England, Clacton Pier, Europe, , London, , AFP, United States, Britain, Westminster, India, France, Bibby Stockholm, Kent, Afghanistan, UAE, Essex, Jaywick, It’s France, Netherlands, Germany
Another day at Euro 2024, another trio of goalscoring games — even if the entertainment factor dipped off at points. The Netherlands overcame Poland with a 2-1 win, Denmark were held to a 1-1 draw by Slovenia, while England beat Serbia 1-0. But the goals, a lack of shots in one game and the results don’t tell the whole story of the day. The feel-good moment of the daySunday marked 1,100 days since Christian Eriksen collapsed at Copenhagen’s Parken stadium during a Euro 2020 game against Finland after suffering a cardiac arrest. He’s not fazed by anything, but will be key to England if they want to have a chance of winning Euro 2024.
Persons: We’ve, Christian Eriksen, Eriksen, Morten Boesen, , , Rasmus Hojlund, Jonas Wind, onrushing Eriksen, Erik Janza’s, Damien Meyer, I’ve, ” Carl Anka, Jude Bellingham, Dragan Stojkovic, Stojkovic, Kyle Walker, Kevin C, Cox, Walker, Filip Kostic, Bellingham, “ I’ve, It’s, He’s, Dan Sheldon Man, , Jacob Whitehead, Dan Sheldon, de Jong, Wout Weghorst, Ronald Koeman’s, Michael Cox, Andy Jones Stat, – Jude Bellingham, What’s Organizations: Scotland, Spain, Croatia, Albania, England, Serbia, Finland, Manchester United, Denmark, Slovenia, Getty, Serbia’s, Bellingham, Real Madrid, Poland, Sunday, Local, European, Argentina Locations: Switzerland, Hungary, Italy, Netherlands, Poland, Denmark, Slovenia, Serbia, England, Copenhagen’s, Bellingham, . Bellingham, Hamburg’s, Romania, Ukraine, Belgium, Slovakia, Austria, France
What important lesson can we learn from history to help us in this moment? Seeing that in our past should help us expect that and hopefully brace ourselves against it in our own time. You take things case by case, situation by situation, lie by lie. Do you think the news media — as a whole — is adequately covering Trump? I think Americans broadly know that’s happening, but also that they may not necessarily know what to do about it.
Persons: Rachel Maddow, Mary, ” —, Maddow, Donald Trump’s, Isaac, Davy Aronson, Donald Trump, DOJ hasn’t, Kathryn Olmsted’s, Hitler, Charles Coughlin —, there’s, Robert Paxton’s “, , Il Mondo, Il, Fox, Rupert Murdoch’s, Trump, he’s, He’s, we’ve, Mike Pence, I’m, it’s, Jay Rosen, Organizations: New York CNN, MSNBC, Monday, Electoral College, Republican Party, DOJ, Six, New York Times, TIME, Police, Trump, CNN, Fox News Locations: New York, America, United States, Rome,
Millions around the world caught a glimpse of the North Korean men’s team in two World Cups. The secrecy surrounding the North Korean national team was also evident in the case of star player Han Kwang Song. Carl Recine/Action Images/ReutersEarning respectWhen An joined the North Korean national team upon receiving a call-up letter in 2002, he remembers not being immediately accepted by teammates. To be accepted by the squad, newcomer An had to prove himself to the other North Korean players. Although, as fate would have it, An met his former teammate and current manager of the North Korean national team, Sin Yong Nam, last March.
Persons: , Yong Hak, Han Kwang, Han, , , Yong, Son Heung, Pak Kwang, Choe, I’ll, ” Han, Yong Nam, ‘ It’s, ’ ”, “ Han’s, , , Kim Jong Hun, Jong Tae, Philip Fong, Kim, Jong Tae Se, Carl Recine, didn’t, Sin Yong Nam, Sin Organizations: CNN, Korean men’s, CNN Sport, North, Korean, Juventus, Qatari, Al, UN, North Korean, , SC, Cagliari, South, Tottenham Hotspur, Radio Free Asia, Tokyo's, Getty, Portugal, DPRK, Thailand Locations: North Korea’s, East, Italy, Middlesbrough, England, South Africa, Portugal, North Korean, Japan, Qatar, North Korea, Myanmar, China, Pyongyang, South Korea, Austria, Tokyo, DPRK, Brazil, Ivory Coast, Korean, AFP, Korea
U.S. stock futures opened little changed on Thursday as investors geared up for Friday morning's nonfarm payrolls report. Futures tied to the Dow Jones Industrial Average inched higher by 16 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures hovered near the flatline. The S&P 500 edged lower by 0.02%, and the Nasdaq Composite lost 0.09%. The Dow has a 0.52% gain, while the S&P 500 is higher by 1.43% and the Nasdaq is on pace for a 2.62% advance.
Persons: nonfarm, Dow, Dow Jones, Ed Clissold, Ned Davis Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dow, Federal Reserve, Ned Davis Research, European Central Bank, Fed Locations: U.S, it's
Days before gadget reviewers weighed in on the Humane Ai Pin, a futuristic wearable device powered by artificial intelligence, the founders of the company gathered their employees and encouraged them to brace themselves. Humane’s founders, Bethany Bongiorno and Imran Chaudhri, were right. In April, reviewers brutally panned the new $699 product, which Humane had marketed for a year with ads and at glitzy events like Paris Fashion Week. The Ai Pin was “totally broken” and had “glaring flaws,” some reviewers said. Other potential buyers have emerged, though talks have been casual and no formal sales process has begun.
Persons: Ai Pin, Bethany Bongiorno, Imran Chaudhri, Humane Organizations: HP, Tidal Partners
The stock market is headed for a 10% decline over the next quarter, Stifel analysts warned. AdvertisementThe stock market is headed for a sell-off in the coming months that will see the S&P 500 drop 10%, according to Stifel strategists. When adjusted for inflation, the overall S&P 500 remains below its level at the end of 2021 — something that could be "emblematic of underlying problems" in the market, Stifel said. "We continue to forecast the S&P 500 corrects about -10% to ~4,750 before the end of 3Q 2024 from the recent peak," strategists said in a note on Tuesday. When the inflation-adjusted S&P 500 transitions out of a Secular Bull Market it historically enters a 'Secular Bear Market,' which is a much more treacherous period for investors."
Persons: , Stifel, Stocks Organizations: Service, Federal Reserve, Secular
Markets are bracing for the release of PCE inflation data on Friday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Markets are now bracing for the release of personal consumption expenditures data, which is the Fed's preferred inflation measure. Economists expect the data to show inflation in April rose 2.7% year-over-year, while core PCE rose 0.2%, compared to 0.3% in March.
Persons: , Bill Adams Organizations: Service, Dow Jones, Comerica Bank, Treasury, Fed Locations: Salesforce, Here's
U.S. stock futures ticked lower Thursday night as investors reviewed a flurry of corporate earnings ahead of a key inflation report. Dow Jones Industrial Average futures fell by 42 points, or 0.11%. S&P 500 futures and Nasdaq 100 futures dipped 0.15% and 0.20%, respectively. The S&P 500 has climbed roughly 10% this year, but the equal-weighted index is up by about 3%. Economists polled by Dow Jones expect a 2.7% year-over-year increase for core PCE, down slightly from the 2.8% gain in the previous read.
Persons: Nordstrom, Salesforce, Dow, They're, Jeff deGraff, CNBC's, deGraff, Dow Jones Organizations: New York Stock, Dow Jones Industrial, Nasdaq, Traders, Dell Technologies, Dow Jones, Nvidia, Macro, Qualcomm
Klaas Knot, president of De Nederlandsche Bank NV, on the sidelines of the Group of 20 (G-20) finance ministers and central bank governors meeting in Gandhinagar, India, on Tuesday, July 18, 2023. Bloomberg | Bloomberg | Getty ImagesLONDON — European Central Bank Governing Council member Klaas Knot said it would "soon" be time to ease monetary policy in the region, but cautioned that the process would need to be done slowly to keep inflation in check. "It can soon be appropriate to ease the currently restrictive monetary policy stance and gradually take our foot off the brake ... policy rates will slowly but gradually move into less restrictive levels," Knot, head of the central bank of the Netherlands, said at the Barclays-CEPR International Monetary Policy Forum in London Tuesday. In a Reuters poll of 82 economists this week, all said they expected a June cut. Knot, usually known for his more hawkish stance, said Tuesday there had been "clear disinflation" since the peak above 10% in late 2022, particularly in goods inflation.
Persons: Klaas Knot Organizations: De Nederlandsche Bank, Bloomberg, Getty, Central Bank Governing, Barclays, CEPR, Monetary, ECB, U.S . Federal Reserve, Bank of England, Reuters Locations: Gandhinagar, India, Netherlands, London
The S&P 500 came close to breaching a new high, as investors gear up for Nvidia earnings on Wednesday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe S&P 500 closed at a record high Tuesday, as investors gear up for Nvidia's highly-anticipated earnings report. By now, the semiconductor manufacturer has a reputation for leading broader stock market upside and traders are eyeing the release as the next big catalyst as the market heads toward summer.
Persons: Christopher Waller, Crypto, , cryptocurrency Organizations: Service, Nasdaq, Federal Reserve, ethereum, Here's
I've been working with wealthy clients for nearly 15 years, and I've noticed a few common habits. I've been advising wealthy clients for nearly 15 years, and I'm often asked for the secret sauce, or the commonalities I see in my wealthiest financial-planning clients that make them successful. My most successful clients lean on us to help them separate those emotions and make sound financial decisions. My most successful clients value receiving comprehensive financial plans specific to their goals and situations. My most successful clients value receiving comprehensive financial plans specific to their goals and situations.
Persons: I've, , I'm, that's, they've, doesn't Organizations: Service, Everest, Google, Jobs, Relief, Economic Security Locations: Policygenius
Stock futures flickered near the flatline Monday evening as Wall Street braced for the release of key inflation reports. S&P 500 futures inched down 0.02%, while Nasdaq 100 futures slipped 0.08%. Another market catalyst will emerge Tuesday morning as the first of two key inflation reports will be released. "It's not unusual for Wall Street and Main Street to see the economy differently — the different perspective stems from different points of focus. Stock market movements are based on expectations of future economic performance, not necessarily current conditions," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management.
Persons: Dow, Dow Jones, Jerome Powell, Brent Schutte Organizations: Nasdaq, Dow Jones Industrial, New York Federal Reserve, PPI, Northwestern Mutual Wealth Management
At Morehouse College in Atlanta, discontent over the Gaza war has played out relatively quietly, in classrooms and auditoriums rather than on campus lawns. “This should not be a place that cancels people regardless of if we agree with them,” David Thomas, the Morehouse president, said in an interview on Thursday. Mr. Richmond does not think Mr. Biden will face protests. “The Morehouse College graduation, at least as I remember it, is a very solemn event,” he said. Roughly 75 percent of students at H.B.C.U.s, including 50 percent of Morehouse students, are eligible for the Pell Grant, a federal aid program for low-income students.
Persons: Biden, Kamala Harris, Biden’s, Stephen K, Morehouse —, Martin Luther King Jr, , ” David Thomas, Christian Monterrosa, Morehouse, Cedric Richmond, Richmond, , , That’s, Harris, Mekhi Perrin, ” Mr, Perrin, Mr, King, Benjamin Bayliss, Dr . King, Morehouse ”, Pell Grant, Dillard, Walter Kimbrough, Young, Donald J, Freddrell Rhea Green II, Donald Trump, ” “ Joe Biden, Samuel Livingston, Auzzy, Byrdsell, Raphael Warnock of, Warnock, ” Kitty Bennett Organizations: Morehouse College, Morehouse, White House, Black, Democratic Party, The New York Times, White, Democratic National Committee, Mr, Howard University, Gaza, George Mason University in, “ Morehouse, Dillard University, Trump, , West Bank, Credit Locations: Atlanta, Gaza, Morehouse, George Mason University in Virginia, , H.B.C.U.s, Columbia, New Orleans, Palestinian, Raphael Warnock of Georgia
CNN —Right-wing populists are set to make unprecedented gains in the elections to the European Parliament taking place next month. Polling data suggests that far-right Members of the European Parliament (MEPs) could have enough seats to, together, block the passage of European Union legislation, creating a massive headache for the union as a whole. “For some countries, that is a six-month process, in others it can take two years,” a senior European Parliament source told CNN. Britain's Nigel Farage used his seat in the European Parliament to promote Brexit. It only becomes an issue if they are working with foreign powers to advance their agenda,” an EU security source told CNN.
Persons: Ursula von der Leyen, Yiannis Kourtoglou, Reuters “, , James Shires, you’ll, don’t, Britain's Nigel Farage, SEBASTIEN BOZON, it’s, Organizations: CNN, Parliament, European, Reuters, , Brexit, Getty, British, EU, Brussels Locations: Brussels, China, Russia, Strasbourg, AFP, Britain, Ukraine, EU, Europe
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