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☆ Morning Bid: Debt deal is near, Fed peak is not
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +4 min

Investors juggled these three strands over the past 24 hours, with top-line equity index relief from the Nvidia-inspired spur to artificial intelligence and chip stocks everywhere. And the banking stress that changed the picture in March appears to be settling too, judging by the latest central bank numbers. Friday brings some hope that White House and congressional leaders can ink a deal on lifting the U.S. debt ceiling they indicated overnight was now close - just before the Treasury Department runs out of cash from June 1 next week. Anxieties in the Treasury bill market only eased a touch, and one-month bill yields remained above 6% early Friday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Morning Bid: Debt ceiling drama aside, world economy looks shaky
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in U.S. and global markets from Naomi RovnickRisk appetite has perked up on global markets thanks to optimism that U.S. Democrats and Republicans are nearing a deal to raise the debt ceiling and avoid an economically catastrophic default. But while a debt ceiling reprieve could boost markets in coming days, the backdrop of a lacklustre global economy is unchanged, with its twin engines, China and the United States, sputtering. Citi's China economic surprise index is at its lowest since January (.CESICNY), a further sign that the growth outlook has weakened. The S&P 500 is trading at a rich 18 times forecast earnings, buoyed by the tech mega-stocks that dominate the index. Developments that could affect markets on Thursday:* Economic events: U.S. initial jobless claims, U.S. existing home sales, Philly Fed business index.

☆ Opinion: The dubious MLK Jr. quote about Malcolm X
▼ + stars: | 2023-05-15 | by ( Opinion Peniel E. Joseph | ) edition.cnn.com time to read: +10 min

Martin Luther King Jr. and Malcolm X, long a contentious backdrop to the history of civil rights and anti-racist activism in America, is under new scrutiny after the bombshell news that a quote denigrating Malcolm X, published in Playboy and attributed to King, is apparently fraudulent. This new information adds to the ongoing rethinking of the relationship between King and Malcolm X. Of course, this is not to suggest that we stop teaching “The Autobiography of Malcolm X” since all memoir and autobiography is an act of literary creation. The complexity of his relationship to Malcolm X is handled judiciously. Balancing the bitter and beautiful parts of the relationship between King and Malcolm X helps us come to terms with past and contemporary historical traumas.

☆ Apple is bigger than the whole market for small caps again. Here's what it means for investors
▼ + stars: | 2023-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

The combined value of all of Apple 's shares is greater than the entirety of an index comprised of 2,000 small stocks. That's bigger than the combined market cap of all 2,000 stocks in the small cap-focused Russell 2000 , which was at $2.208 trillion. "It is apples to oranges — or small caps," said Willie Delwiche, founder of Hi Mount Research. DeSanctis also noted the overhang of the debt ceiling could add further pressure to small caps, given their underperformance in 2011. "If something goes right for small cap or the overall market, small can have a really nice bounce," he said.

☆ Wall St Week Ahead Amid banking woes, faltering US small-caps offer ominous economic sign
▼ + stars: | 2023-05-14 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, May 12 (Reuters) - A U.S. stocks rally is leaving behind smaller companies, a sign that investors may be bracing for economic turmoil ahead. "Typically in a recession, small caps underperform." Last month it downgraded its view on U.S. small caps from "unfavorable" to "most unfavorable." Some investors are more upbeat about the outlook for small caps, particularly when looking beyond the next several months. One reason is that small caps, being sensitive to economic fluctuations, tend to shine early in a market recovery.

☆ New York’s Most Inventive Pizzas Are Cooked Up at Pop-Ups
▼ + stars: | 2023-05-09 | by ( Pete Wells | ) www.nytimes.com time to read: +2 min

For this we can thank the State Legislature, which passed a law last year allowing licensed vendors, including pop-ups, to sell food at breweries. Beer makers had been urging the change for years, said Ann Reilly, the executive director of the New York City Brewers Guild. In most of the state, the vendors are often food trucks stationed just outside the building. Follow New York Times Cooking on Instagram, Facebook, YouTube, TikTok and Pinterest. Get regular updates from New York Times Cooking, with recipe suggestions, cooking tips and shopping advice.

☆ Stuck in a Rut? You’re Not Alone.
▼ + stars: | 2023-05-04 | by ( Judith Newman | ) www.nytimes.com time to read: +2 min

1 factor in keeping us in a rut. It’s extraordinary, really, the way denial can twist you in knots. For example, the new partner who isn’t really available if you’re feeling sick or need help, but constantly asks you to assist him: Instead of seeing that he’s offloading responsibility, you begin to think, He needs me! Or when you’re seeing someone who refuses to spend time with you on weekends, claiming they require their space? You’re not high maintenance; you’re simply (and unfortunately) being slotted into someone’s life at their convenience.

☆ Wall St Week Ahead Recession worries simmer beneath US stock market rally
▼ + stars: | 2023-04-28 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

NEW YORK, April 28 (Reuters) - Economically sensitive areas of the U.S. stock market are flashing warnings over growth, even as major equity indexes edge higher. Beneath the surface, however, areas of the market tied to economic sentiment such as transports, semiconductors and small-cap stocks dropped in April, while so-called defensive sectors are outperforming. “People are starting to more defensively position themselves,” said Aaron Dunn, co-head of the value equity team at Eaton Vance. "They are talking about demand being down and they are ridiculously important shipping companies,” said Matt Maley, chief market strategist at Miller Tabak. Reporting by Lewis Krauskopf; Editing by Ira Iosebashvili and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Earnings playbook: Your guide to a busy week of earnings, featuring Meta and Amazon
▼ + stars: | 2023-04-24 | by ( Fred Imbert | ) www.cnbc.com time to read: +13 min

What history shows: GM has reported a better-than-expected bottom line in 29 of the last 30 quarters, per FactSet. McDonald's is set to report earnings in the premarket, with management slated to hold a call at 8:30 a.m. What history shows: History shows Google's parent company beats earnings expectations 68% of the time, with the stock averaging a gain of 1.6% on earnings day, per Bespoke. Meta Platforms is set to report earnings after market close, followed by a conference call at 5 p.m. What history shows: Bespoke data shows Intel beats earnings expectations 77% of the time.

☆ How to watch the Chevron Championship live: Start time, channel and other things to know
▼ + stars: | 2023-04-20 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

CNN —Once again, the first women’s golf major of the season tees off with The Chevron Championship. How to watchUS viewers can watch the first and second rounds on the Golf Channel, with coverage running from 10 a.m. CST until 7 p.m. CST. “I think I was in a bit of a panic last year,” Kupcho told reporters Tuesday. But I don’t think that’s going to be my driving force going to any of these events this year.”Ko tees off at the HSBC Women's World Championship in March. “I don’t think I have a weakness in my game at all, and I think that’s partially why I’ve been very consistent,” Hall told reporters.

☆ Final trades: DIS, AXP, .RUT & NVDA
▼ + stars: | 2023-04-20 | by ( Melissa Lee | ) 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 EmailFinal trades: DIS, AXP, .RUT & NVDAThe final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

☆ Healthy breakfast ideas: Start your day with these quick meals
▼ + stars: | 2023-04-19 | by ( Casey Barber | ) edition.cnn.com time to read: +7 min

Because of the versatility and hands-off aspect of the preparation, these are some of my favorite breakfast options for road trip vacations and camping adventures — but they work for busy at-home mornings, too. Overnight oats are one of the most versatile breakfast options out there — and can easily be taken on the road or enjoyed at home. NelliSyr/iStockphoto/Getty ImagesTartines, AKA open-faced sandwiches — or as I like to call them, “things on toast” — comprise a catchall category of breakfast options that can skew savory or sweet. When I have a few minutes and am feeling famished, my go-to move is to grab eggs and tortillas for breakfast tacos or burritos. Eggs and tortillas pair well in the morning to make breakfast tacos or burritos.

☆ Wall Street ends mixed with inflation data, earnings on tap
▼ + stars: | 2023-04-10 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

The bellwether S&P 500 ended the session nominally higher. Of the 11 major sectors of the S&P 500, six ended the session higher, led by industrials (.SPLRCI). "When the Fed repeats time after time what their priorities are and what they’re going to do, they’re going to do it." As of Friday, analysts expected aggregate S&P 500 earnings down 5.2% year-on-year, a stark reversal from the 1.4% annual growth expected at the beginning of the quarter, according to Refinitiv. The S&P 500 posted 2 new 52-week highs and no new lows; the Nasdaq Composite recorded 50 new highs and 155 new lows.

☆ Wall St fluctuates as investors weigh jobs report, earnings on tap
▼ + stars: | 2023-04-10 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

"There’s clearly a disconnect between what the Fed is telling us they’re going to do and what the market believes the Fed is going to do," Pursche added. "When the Fed repeats time after time what their priorities are and what they’re going to do, they’re going to do it." As of Friday, analysts now expect aggregate S&P 500 earnings down 5.2% year-on-year, a stark reversal from the 1.4% annual growth expected at the beginning of the quarter, according to Refinitiv. Among the 11 major sectors of the S&P 500, communication services (.SPLRCL) and technology (.SPLRCT) suffered the largest percentage losses. The S&P 500 posted one new 52-week high and no new lows; the Nasdaq Composite recorded 41 new highs and 131 new lows.

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Two-year yields have risen from a seven-month intraday low of 3.555% last Friday as Treasuries rallied on safe-haven buying. "Some of the banks there were in the spotlight, their stock prices are starting to at least stabilize," said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute in Charlotte, North Carolina. The U.S. regional KBW bank index (.BKX) has tumbled about 25% this month, but has gained about 3.8% this week as tensions eased. Worries over inflation have prompted investors to reassess their expectations for monetary policy from a number of major central banks, including the Fed and European Central Bank. Oil edged lower in choppy trading as investors looked to pocket profits from two straight days of gains, and as markets debated supply tightness.

☆ Banking worries send US markets on dizzying ride
▼ + stars: | 2023-03-16 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

The S&P 500 banks index (.SPXBK) was rebounding modestly on Thursday, after sinking 15% in a week. Reuters GraphicsMarkets are also reflecting concern that stress in the banking system may be bringing a recession closer. Economically sensitive assets such as oil and small-cap stocks (.RUT), have headed lower since Silicon Valley Bank's problems made headlines on March 8. The CBOE Market Volatility Index (.VIX) recently hit its highest level since October. But the benchmark S&P 500 index (.SPX) was last down just over 1% since the Silicon Valley troubles arose, and is logging a modest gain for 2023.

☆ Stocks are bouncing but market will soon face next big hurdle
▼ + stars: | 2023-03-14 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

Strategists see the Federal Reserve's policy meeting next Tuesday and Wednesday as the next big hurdle for markets, barring any other unexpected developments. Traders in the futures market upped their bets Tuesday to a more than 70% chance that the Fed raises interest rates by a quarter point on March 22. Regional bank stocks rose sharply Tuesday after being crushed on fears there could be more bank failures, following the rapid collapse of Silicon Valley Bank and Signature Bank. The central bank will also release forecasts after that meeting, including new outlooks for interest rates and inflation. "Something pretty darn significant just broke as a result of higher rates," said Lori Calvasina, head U.S. equity strategist at RBC.

☆ I ditched software engineering to become an influencer. Here's how I scaled up to 6 figures — and why my computer-science degree is now my backup plan.
▼ + stars: | 2023-03-08 | by ( Ellen Nguyen | ) www.businessinsider.com time to read: +6 min

She started posting her outfits as a pandemic hobby and grew her following to more than 4 million. Now I'm a full-time content creator with more than 4 million followers across YouTube, Instagram, and TikTok who earns a mid-six-figure income. My pandemic hobby turned into my full-time job thanks to the right timing. Like many people, I started posting videos of my outfits just for fun during lockdowns because I'd always been into fashion. But I take extra care to ensure that I always put my own creative spin or flair on content I'm inspired by.

☆ NHL roundup: Linus Ullmark's record night lifts Bruins
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +7 min

Dmitry Orlov scored twice in a three-point game while Pavel Zacha also scored for the Bruins. Panthers 4, Lightning 1Eric Staal, Anton Lundell and Eetu Luostarinen scored first-period goals as Florida broke Tampa Bay's club-record 16-game home point streak. Sergei Bobrovsky's 29 saves helped him set a record for most NHL wins by a Russian goaltender (354). Jesse Ylonen, Kaiden Guhle and Christian Dvorak scored third-period goals for the Canadiens, who have won three of four. Travis Boyd, Barrett Hayton and Jack McBain also scored goals and Clayton Keller added a pair of assists for Arizona, which snapped a two-game losing streak.

☆ Nearly 2,000 CEOs think their companies won't be able to make money in 10 years, survey says
▼ + stars: | 2023-02-04 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

That's almost 40% of the total number of CEOs surveyed across 105 countries for PwC's annual global CEO survey. More than half of the CEOs surveyed cited shifts in consumer demand, regulatory changes and labor shortages as challenges to their profitability over the next 10 years. And despite the concerns, most of the company leaders surveyed — 60% — aren't planning any layoffs, at least over the next 12 months. However, the report's prescription for worried CEOs may not bode particularly well for some workers. The surveyed CEOs said they want to make such bold decisions but aren't currently prioritizing them.

☆ Cathie Wood's Ark Invest says bitcoin could hit $1.5 million by 2030, doubling down on its bullishness for the world's largest cryptocurrency
▼ + stars: | 2023-02-01 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Ark Invest said bitcoin could hit nearly $1.5 million by 2030, a 6,326% increase from its current price. The famed money manager predicted bitcoin will scale unto a "multi-trillion dollar market," per a recent report. The bullish estimates come amid a severe and lengthy crypto market rut. Bitcoin is down 65% from its all-time high in November 2021, with the industry's total market value off over 64% from its peak. Since the start of the year, Ark's flagship exchange-traded fund, ARKK, bought 108,548 Coinbase shares, worth $6.3 million at its current price.

☆ NHL roundup: Panthers rally late, nip Bruins in OT
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +8 min

Barkov also assisted on Brandon Montour's goal, and Sam Bennett scored for the Panthers. Anders Lee also scored for New York, which won its second straight game and prevailed for just the third time in 13 games (3-7-3). Carrier scored the only goal for Vegas, which lost its fourth straight game (0-2-2) and fell for the seventh time in eight games (1-5-2). Jaret Anderson-Dolan and Phillip Danault scored goals for the Kings, whose three-game winning streak ended. Colorado forward Valeri Nichushkin sat out for the second straight game with an upper-body injury.

☆ 2022's best picture nominees are the most popular Oscar contenders in over a decade thanks to 'Top Gun' and 'Avatar 2'
▼ + stars: | 2023-01-27 | by ( Travis Clark | ) www.businessinsider.com time to read: +4 min

This year's batch of Oscar best picture nominees has the biggest box office total since 2009. The 2009 group totaled $1.74 billion at the North American box office. Plus, since 2009, the Oscars have gone from 10 best picture nominees, to between five and 10, and since last year, back to a full 10. The chart below shows the North American box-office totals for each group of best picture nominees since 2009. The biggest movie of a given year hasn't won best picture since "The Lord of the Rings: The Return of the King" in 2003.

☆ This small-cap fund has been killing it over the last 10 years. Here's how they do it
▼ + stars: | 2023-01-23 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

That approach aligns with the firm's Private Capital Management Value Fund (VFPIX), which focuses on holding and deeply understanding a handful of small-cap companies. Meanwhile, the broader S & P 500 lost 19.4% in 2022, while the small-cap focused Russell 2000 dropped about 21.6%, according to FactSet. About one-third of the fund's assets today are from the retirement plan assets of Private Capital Management employees. Though fund leadership understands small-caps can trade with more variability, they don't equate that with exposure to more risk. He said there are more companies to choose from, with many stocks' market caps slashed into small-cap territory in 2022's bear market.

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