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Just seven stocks have fueled much of the market's rally: Amazon, Apple, Alphabet, Microsoft, Meta, Nvidia, and Tesla. Move over, Magnificent SevenAfter an incredible two-year rally, it's may be difficult to see the Magnificent Seven cooling off. For context, the Magnificent Seven outperformed the rest of the S&P 500 by 22% so far this year and 63% in 2023. "And so our analysis is there's potential for multiple expansion in those stocks," Kostin added. To find companies likely to see enhanced revenues from AI, Goldman Sachs analyzed recent messaging from company management regarding AI rollout.
Persons: Goldman Sachs, Tesla, David Kostin, Kostin, That's, Goldman Organizations: Microsoft, Meta, Nvidia, Digital Realty
5 ways to make Thanksgiving more affordable
  + stars: | 2024-11-24 | by ( John Towfighi | ) edition.cnn.com   time to read: +8 min
CNN —Thanksgiving means football, food and, for some, crazy family reunions. Almost half of people hosting Thanksgiving dinner are concerned about cost, according to a survey by Deloitte published on November 19. Here are five ways to make Thanksgiving dinner more affordable. People shop for frozen turkeys for Thanksgiving dinner in Mount Prospect, Illinois, on November 17, 2021. Consider a bundle dealRetailers across the country are offering deals for Thanksgiving dinner, competing to be a part of your holiday meal.
Persons: CNN Max, Billy Roberts, ” CoBank’s Roberts, Nam, they’ll, Josh Koebert, ” Koebert, Koebert, CoBank’s Roberts, Wells, Robin Wenzel, Wenzel, ” Wenzel, , William Masters, , ” Masters Organizations: CNN, America ’, American Farm Bureau Federation, Deloitte, CoBank, Food Institute, Walmart, Wells Fargo’s, Bureau of Labor Statistics, Friedman, of Nutrition Science, Tufts University, Shoppers Locations: New York, Chicago, Houston, America, Turkey, Mount Prospect , Illinois, Wells, Wells Fargo, Midwest
New York CNN —Egg prices have risen steadily over the past two years. Egg prices at the grocery store were up 30.4% in October from the year prior, according to the consumer-price index. Increased demand from holiday cooking makes egg prices even more volatile. Avian flu, which is spread through wild birds, has been plaguing farmers and egg supply since January 2022. “Our egg prices really ride the waves associated with high influenza,” said Bernt Nelson, an economist with the American Farm Bureau Federation.
Persons: , Stew Leonard Jr, Steward Leonard’s, Emily Metz, That’s, Bernt Nelson, Leonard Jr, he’s, “ I’ve, ” Morton Williams, “ It’s, they’re, Steve Schwartz, Morton Williams, Schwartz, nothing’s, ” Schwartz Organizations: New, New York CNN, American Egg Board, American Farm Bureau Federation, US Department of Agriculture, Grocers Locations: New York, Oregon , Utah, Washington, York, New York City, mayo
Why it might be easier to change jobs next year
  + stars: | 2024-11-24 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +6 min
Come 2025, you might find it's a tad easier to change jobs. If the job market doesn't strengthen as hoped, Zhao said some workers' frustrations over their 9-to-5 could rise. AdvertisementYet "if the job market heats up, then we'll likely see a wave of turnover as workers vote with their feet," Zhao said. Verizon has some 105,000 employees and typically fills about 20,000 jobs a year through a mix of internal and external candidates. "I don't think that it's going to be any easier to get the best of the best to work here," Schelling said.
Persons: Lisa Simon, Simon, Sean Barry, Barry, Daniel Zhao, Zhao, Michelle Volberg, she's, Volberg, Christina Schelling, Schelling, Tanya Moore, West, Moore Organizations: Labor, Revelio Labs, Allstate, Workers, Verizon, West Monroe Locations: West Monroe
While the magnitude of the guidance beat was perhaps not enough to satiate the most demanding of bulls, the stock was flat on the week. Our other cybersecurity stock, CrowdStrike , is one of the main events of this holiday-shortened week on Wall Street. We added to our CrowdStrike exposure last week after the stock came under pressure due to increased geopolitical tensions . ET: Pending Home Sales Thursday, Nov. 28 Stock market closed for Thanksgiving holiday Friday, Nov. 29 Stock market closes early at 1 p.m. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Donald Trump's, HomeGoods, Tuesday's, Trump, We'll, LSEG, CrowdStrike, Dow Jones, , Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Dow Jones, Nasdaq, Dow, Companies, Palo Alto Networks, Federal, Home, Palo, Body, Fluence Energy, Agilent Tech, Abercrombie, Fitch, DICK'S Sporting, Dell Technologies, Autodesk, HP, Urban Outfitters, Nordstrom, Jim Cramer's Charitable, CNBC, The New York Stock Exchange, NYSE Locations: Maxx, U.S, Burlington
Donald Trump's plan for a sweeping immigration crackdown involving mass deportations has been described as potentially inflationary, but economists say it could exacerbate another problem America faces: an aging population. He will deliver," Karoline Leavitt, a spokesperson for Trump's camp, told BI in an email when asked about the potential impacts of Trump's immigration policy. AdvertisementBerube said immigration is thought of as a band-aid to demographic problems since immigrants tend to be younger, which offsets the aging population. AdvertisementSectors with a high proportion of undocumented immigrant workers, like construction and agriculture, could see the number of workers fall. Bush Administration, thinks Trump's immigration policies will have a mild economic impact, partly because he doubts immigration will fall over the long term.
Persons: Donald Trump's, Alan Berube, Trump, Berube, Karoline Leavitt, José Torres, Torres, Todd Buccholz, George H.W, Buccholz Organizations: Brookings Institution, Center for Migration Studies, Brookings Metro Berube, Brookings Metro, Republican, Centers for Disease Control, Immigrants, Pew Research, Interactive, White House, Bush Administration Locations: America, Brookings, Bush
President-elect Donald J. Trump’s final flurry of cabinet picks and other appointments rounded out what his aides described as a unified, loyal, MAGA-driven administration. There is a revenge team, led by prospective nominees with instructions to rip apart the Justice Department, the intelligence agencies and the Defense Department, hunting down the so-called deep state and anyone who participated in the prosecutions of Mr. Trump. There is a calm-the-markets team, which Mr. Trump hopes will be led by Scott Bessent, the Wall Street billionaire who Mr. Trump chose for Treasury secretary. And then there is a government shrinkage team, led by Elon Musk and Vivek Ramaswamy, whose goals are wildly ambitious, to put it mildly. (For the record, the total federal budget in the 2024 fiscal year was $6.75 trillion.)
Persons: Donald J, MAGA, Trump, Scott Bessent, Bessent, Elon Musk, Vivek Ramaswamy, Musk Organizations: Justice Department, Defense Department, Wall Street
AdvertisementSeven & i Holdings, owner of 7-Eleven stores, is at the center of a three-way bidding war. Japan-based Seven & i Holdings, owner of the iconic global chain of 7-Eleven convenience stores, is at the center of an intensifying bidding war, multiple outlets reported. The 7-Eleven chain was founded in 1927 in Dallas, per The Journal. It was originally called the Southland Ice Company but was rebranded in 1946 to be called 7-Eleven based on its hours of operation. Representatives for Alimentation Couche-Tard and 7-Eleven did not immediately respond to requests for comment from Business Insider.
Persons: Alimentation, Tard, Ryuichi Isaka, Junro Ito, Ito, Masatoshi Ito, Junro, , Yokado Organizations: Holdings, Street Journal, i's, Seven, Bloomberg, Southland Ice Company, Business Locations: Canadian, Japan, Quebec, Dallas
The box office was a popular destination this weekend as Universal's "Wicked" and Paramount's "Gladiator II" arrived in cinemas. "Wicked" is expected to snare $114 million during its domestic opening, the highest debut of a Broadway adaptation in cinematic history, according to Sunday estimates. Tracking projections for "Wicked" started around $80 million in late October, but rose to a range of $120 million to $140 million. Meanwhile, "Gladiator II" is expected to open with $55.5 million in ticket sales domestically, according to Sunday estimates. This is lower than box office expectations, which called for a haul between $60 million and $80 million.
Persons: Paul Dergarabedian, Oppenheimer, Michael O'Leary, NBCUniversal Organizations: Hollywood, Disney, Warner Bros, National Association of Theatre, Comcast, CNBC Locations: NBCUniversal
“Also increasing muscle temperature is going to help improve power output,” Tsuyuki told NBC News in a Zoom call. The height the men attained when jumping was lower after a cold soak than a hot one. There was no difference in muscle soreness whether the men soaked in cold or hot water. “Don’t believe what you’re hearing on podcasts.”For a hot water soak, Putrino suggests:10 to 20 minutes at 98 to 104 degrees Fahrenheit. Whether you’re a fan of cold or hot, experiment and keep track of which temperature soak helps you recover the quickest, Putrino said.
Persons: Mamoru Tsuyuki, ” Tsuyuki, Tsuyuki, , Aimee Layton, Layton, , Spencer Stein, ” Stein, David Putrino, Putrino, ” Putrino Organizations: Conference, Ritsumeikan University, , NBC News, Columbia University Vagelos College of Physicians and Surgeons, NYU Grossman School of Medicine, Sinai Health Locations: University Park , Pennsylvania, Shiga, Japan, New York City, endorphins
Nearly 50,000 people from 200 countries — including, for the first time, the Taliban rulers of Afghanistan — were in Azerbaijan for this year’s United Nations Climate Change Conference, with the goal of reaching a critical deal on climate finance. Participating world leaders Tuesday at the United Nations Climate Change Conference. “It is really disappointing to see that world leaders haven’t shown up in force in solidarity,” she added. While Trump “may put climate action on the back burner,” U.S. climate envoy John Podesta said, “the work to contain climate change is going to continue.”U.S. Energy Secretary Jennifer Granholm said states, cities, nongovernmental organizations and companies are still “all-in” on pursuing climate goals. British Prime Minister Keir Starmer speaks Tuesday on day two of the COP29 climate conference.
Persons: Donald Trump, Alexander Nemenov, General Ban, , Ruth Townend, COP29, Joe Biden, Xi Jinping, Keir Starmer, Emmanuel Macron, Olaf Scholz, Justin Trudeau, Shigeru Ishiba, ” Townend, haven’t, Matiul Haq Khalis, Laurent Thomet, Trump, John Podesta, Jennifer Granholm, ” Granholm, Darren Woods, Who, Ilham Aliyev, Carl Court, Getty Images Aliyev, Adel, Lord Adair Turner, Britain, , James Marape, Marape, Asadullah Jawid Organizations: Change, United Nations, Getty, World Meteorological Organization, House, Pacific, British, Seven, Canadian, Japanese, Environmental Protection Agency, Getty Images, U.S . Energy, Infrastructure Law, NBC, Exxon, Independent, Climate Finance, U.S, Energy, Commission, Union, Baku, American University of Locations: BAKU, Azerbaijan, Afghanistan, United States, Paris, AFP, London, Baku, U.S, , Saudi, Adel Al, Saudi Arabia, Saharan Africa, China, Papua New Guinea, American University of Afghanistan
President-elect Donald Trump on Friday nominated Dr. Marty Makary, a pancreatic surgeon at Johns Hopkins University who's made controversial claims about Covid, as commissioner of the Food and Drug Administration. The Agency needs Dr. Marty Makary, a Highly Respected Johns Hopkins Surgical Oncologist and Health Policy Expert, to course-correct and refocus the Agency," Trump said on Truth Social. As FDA commissioner, Makary would be responsible for regulating and overseeing drugs, food, medical devices and other products, such as tobacco and cosmetics. The current FDA commissioner is Dr. Robert Califf, a cardiologist who also held the role during President Barack Obama's second term. Trump had two FDA commissioners during his first term: physician Dr. Scott Gottlieb and oncologist Dr. Stephen Hahn.
Persons: Donald Trump, Marty Makary, Johns Hopkins University who's, Makary, He's, Trump, Robert F, Kennedy Jr, He’s, Noam Galai, Kennedy, Kennedy’s, ” Makary, Dr, Paul Offit, Offit, Robert Califf, Barack Obama's, Scott Gottlieb, oncologist Dr, Stephen Hahn Organizations: Johns Hopkins University, Food and Drug Administration, Johns, World Health, Safety, National Academy of Medicine, National Academies of Science, Engineering, Medicine, Paragon Health Institute, Fox News, FDA, Agency, Johns Hopkins Surgical, Truth, HBO, Street, Biden, Health, Human Services, Children’s Hospital of Philadelphia Locations: Johns Hopkins, New York City, U.S
Dentists began giving kids fluoride treatments. About 70% of community water systems in Florida receive fluoridated water, according to the surgeon general’s release. Parents said their kids’ teeth were full of cavities despite drinking and brushing regularly with what they thought for years was fluoridated water. Adding fluoride to water systems “mitigates the impact of disparities in access to dental care,” said Jetelina, the epidemiologist. “This is one of the beauties of public health — a mainly invisible population intervention, helping the most vulnerable.”Still, the scrutiny continues.
Persons: Joseph Ladapo, Ladapo, , Bruce Lanphear, Katelyn, He’s, Robert F, Kennedy Jr, Donald Trump’s, ” Robert Corp, Jetelina Organizations: American Dental Association, American Academy of Pediatrics, Centers for Disease Control, Simon Fraser University, Pediatrics, NBC, WGRZ, , National Institute of Dental, Craniofacial Research, National Institutes of Health, U.S . Environmental, Agency Locations: Canada, Florida, U.S, Buffalo , New York, Buffalo, Abilene , Kansas, McVille, North Dakota, California
AdvertisementTrump's new Department of Government Efficiency aims to reduce the number of federal workers. Business Insider looked at the highest average salaries of federal civilian employees by occupation. The top 20 had average salaries over $160,000, with medical officers ranking No. Three of the five jobs with the highest average salaries were health-related. Financial analysis workers rounded out the top 20 highest-paying jobs on average; their largest employer, with about 300 analysts, was the Federal Deposit Insurance Corporation.
Persons: Donald Trump's, Elon Musk, Vivek Ramaswamy, Ramaswamy, Trump, Karoline Leavitt, Vance Organizations: of, Efficiency, Business, Trump's Department, Government, Tesla, GOP, Street Journal, Management, Department of Veterans Affairs, Federal Deposit Insurance Corporation, Department of Education, Department of Energy, Trump, mhoff
Forcing the issue is the end of many of the tax cuts Republicans passed in 2017. Republicans want to protect their handiwork and extend the tax cuts before they lapse. By conventional budget rules in Washington, doing so would amount to a tax cut — and an expensive one at that. Republicans are struggling to come up with other tax increases or spending cuts to cover that cost. So maybe it is not a surprise that some of them are starting to advance an alternative theory of the case: that continuing existing tax cuts actually costs nothing.
Organizations: Republicans, Capitol, Congressional, Office Locations: Washington
AdvertisementChristophe Barraud predicted a Republican sweep and spike in the 10-year yield. Barraud, a top US economy forecaster, expects GDP growth to exceed consensus forecasts. He also expects higher inflation and shares concerns over the deficit crossing 7.5% of GDP. AdvertisementHe previously said that US GDP growth in 2025 would be stronger than expected at 2.1%, above Bloomberg's consensus forecast of 1.9%. A stronger labor market will cause this, especially wage growth and new job creation, combined with labor shortages from restrictive immigration policy.
Persons: Christophe Barraud, Kamala Harris, Donald Trump, Barraud, I'm, Trump Organizations: Republican, Market Securities Monaco, Bloomberg, Trump, Congressional, Office, Tax Foundation
President-elect Donald J. Trump repeatedly promised voters that he would cut energy and electricity prices in half within 18 months of taking office. The emerging plan is a repackaging of Mr. Trump’s energy policy. Advisers think Mr. Trump can lower prices by boosting oil and gas production, which is already at record levels in the United States. But energy industry experts noted that a president has limited tools to influence how much Americans pay at the pump, and even less leverage when it comes to electricity prices. More than a dozen experts said Mr. Trump’s strategy might succeed in lowering prices, but not enough to meet his goal.
Persons: Donald J, Trump Locations: United States
Millions of Americans facing retirement are worried they won't be financially prepared — or fear that they'll have to work forever. Others said they took Social Security too early or retired without a long-term financial plan. Some older Americans wish they'd had more investing knowledgeA major theme among BI's survey respondents was that they lacked knowledge about investing. She also didn't realize that because she has a pension in addition to receiving Social Security when she retires, she would be affected by a little-known Social Security provision that would lower her monthly check. Between her pension of $713 monthly and Social Security, which she expects will be between $1,200 and $1,400 monthly, she'll have just enough to cover her rent.
Persons: they'd, boomer, Gary Lee Hayes, he'd, Hayes, Charles Schwab, Nancy Seeger, Seeger, she's, I've, Nevenka Vrdoljak, Vrdoljak, PJ White, White, She's, hasn't Organizations: Social Security, Navy, Verizon, Vanguard, Transamerica Institute, Medicare, Bank, America's, Bank of America, Merrill, Bank of America Private Bank Locations: California, Cleveland, San Diego
The U.S. electric grid needs a total body makeover. With Duke Austin, a fourth-generation lineman, at its helm, Quanta Services has a long history in electric power infrastructure. The backbone of the electric grid Transmission and distribution is the backbone of the electrical grid, delivering power from generation sites to consumers. PWR YTD mountain Quanta Services shares year to date MasTec MasTec has been in comeback mode. MYR Group Goldman expects MYR Group is well positioned for 2025.
Persons: Neil Mehta, Goldman Sachs, weren't, Goldman, Mehta, Duke Austin, Carly Davenport, Davenport, Austin, Goldman's Mehta, they're, MasTec, Jose Mas, MasTec's, Truist, Jamie Cook, McCoy, Cook, Ati Modak, Modak, MYR Organizations: U.S, Edison Electric Institute, MYR, CNBC, Management, MYR Group Locations: U.S, Austin
Henry Schein is a leading global distributor of health-care products and services primarily to office-based dental and medical practitioners. Health care distribution covers Henry Schein's distribution of dental and medical products, such as laboratory products, pharmaceuticals, vaccines, surgical products, dental specialty products and diagnostic tests. While Henry Schein has successfully carved into the office-based physician niche as the No. Henry Schein is a great company that has gotten sleepy and been allowed to coast when it could have been soaring. Several directors have been in their seats at Henry Schein for over a decade and the board lacks best-in-class distribution expertise.
Persons: Henry Schein, Charlie Penner, Alex Silver, Schein's, Henry Schein's, Patterson, Benco, Schein, Stanley Bergman, Ananym, Ken Squire Organizations: Ananym Capital Management, Jana Partners, P2 Capital Partners, Cardinal Health, 13D Locations: New York, EBITDA ., EBITDA
AdvertisementVolkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit overseas automakers hard, its boss said. VW group sales in China fell by 12% in the first nine months of this year amid the rising popularity of models made by domestic manufacturers. Toyota maintained its top spot in the world for the fourth consecutive year in 2023, selling 11.2 million vehicles globally — about 2 million more than the VW group. "We build cars in China for China; the same is happening in Europe and North America.
Persons: Thomas Schäfer, Schäfer, Axel Springer, Mary Barra, Wang He, Donald Trump's, Trump, Elijah Nouvelage Organizations: Volkswagen, VW, Welt, Business, General, Rival German, BMW, Mercedes, Benz, Audi, Porsche, Labor, Toyota Locations: China, Germany, Europe, Spain, Czech Republic, Portugal, Slovakia, USA, Mexico, Canada, Chattanooga , Tennessee, North America
AdvertisementVictoria Goyet, now 76, saw a post about an adult women's camp in France on Instagram. In August 2024, at 75, I attended a six-day summer camp for women in South West France. Related Video INSIDE QUANTICO — how Marine Corps officers survive the 7-month Basic SchoolTravel was a key aspect of my life long before I attended Camp Chateau. AdvertisementI ran across Camp Chateau on Instagram and was interestedIn the fall of 2023, I came across a women's camp in France called Camp Chateau that looked interesting, and decided to go. AdvertisementI had a life-changing realization while journalingOn the last day of camp, I attended a meditative journaling class.
Persons: Victoria Goyet, journaling, you've, Camp, I'm Organizations: Victoria, QUANTICO, Marine Corps, Chateau Locations: France, Instagram, South West France, I'm, Witchita , Kansas, England, Italy, Camp Chateau
I found that I was clashing with the culture of Silicon Valley. I attributed that attitude to the Silicon Valley atmosphere. In Silicon Valley, you have a lot of Google people, a lot of Meta people, and, at the time I was there, a lot of Tesla people. An aerial view of Silicon Valley. The sustainability hub is in Silicon Valley, and moving to the other side of the country felt like I was separating myself from that.
Persons: Adam Fletcher, Fletcher, NerdWallet, unravels ChatGPT, I've, They're, we're, It's, There's, Philadelphia Jon Lovette, Philly Organizations: San, Philadelphia, Stanford, Applied Materials, East, Carbon, Carbon Reform, Eagles, Phillies, University of Pennsylvania, Drexel University Locations: San Francisco, East, San Francisco , California, Philadelphia , Pennsylvania, Philly, Philadelphia, Bay, Santa Clara, California, Silicon Valley, Silicon, East Coast, Rittenhouse, New York, DC
AdvertisementShoppers are willing to spend this holiday season, but many are still budget-conscious. Shoppers appear ready to spend this holiday season, but many aren't giving up the search for bargains just yet. Multiple signals suggest that some shoppers feel less pinched financially as the biggest shopping season of the year ramps up. As such, many are looking for good deals, as they have been for much of this year, while still spending on the holiday season. Friday's retail sales growth showed "a good early step forward into the holiday shopping season," National Retail Federation Chief Economist Jack Kleinhenz said.
Persons: Claire Tassin, Tassin, Milton, Jack Kleinhenz, Kleinhenz, Doug McMillon, John Rainey, Rick Gomez Organizations: Shoppers, Morning, Retailers, Nordstrom, Bank of America Institute, University of Michigan's, Hurricanes, Retail Federation, Census Bureau, Walmart, Target
3 charts that help explain fluoride in drinking water
  + stars: | 2024-11-23 | by ( Soph Warnes | ) edition.cnn.com   time to read: +8 min
According to CDC figures, as of 2022, 72% of the US population receives fluoridated drinking water. There are 36,767 water systems in 36 states with publicly available information on the CDC‘s website, a small slice of the estimated number of drinking water systems in the US. In Kentucky, 93.8% of these reported water systems are fluoridated, and at the bottom end, only 3.7% of water systems reported in Alaska are fluoridated. From the publicly available data on water system fluoride levels, two water systems, both located in South Carolina, reported fluoride concentration levels above WHO guidelines. A 2010 Nevada study found that living in a community with fluoridated drinking water was associated with lower incidences of decayed, missing or filled teeth.
Persons: Donald Trump, Robert F, Kennedy Jr, Kennedy, won’t, John Fawell, Fawell Organizations: CNN, Human Services, Senate, US Centers for Disease Control, Prevention, CDC, WHO, World Health Organization, Blackpool, Research, Cranfield University Locations: United States, America, Hawaii, Washington , D.C, Kentucky, Alaska, South Carolina, Nevada, Canadian, Calgary, Edmonton, Manchester, Iceland, Japan, Italy
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