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☆ AOC gives a full-throated defense of Biden: 'He is not leaving this race'
▼ + stars: | 2024-07-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Rep. Alexandria Ocasio-Cortez doubled down on her support of President Joe Biden. The New York Democrat said "the matter is closed" and Biden is the party's nominee. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRep. Alexandria Ocasio-Cortez of New York has declared she is firmly behind President Joe Biden, even as some of her fellow House Democrats continue to fret about the president's standing. Joe Biden is our nominee.

Persons: Alexandria Ocasio, Cortez, Joe Biden, Biden, — Organizations: The New York Democrat, Democrats, Service, House, Business Locations: Alexandria, Cortez of New York, Washington

☆ The White House won't explain why a Parkinsons' specialist visited 8 times in 8 months
▼ + stars: | 2024-07-08 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

A Parkinson's Disease expert repeatedly visited the White House between last summer and this spring. On at least one occasion, Dr. Kevin Cannard met with President Joe Biden's White House doctor. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe White House is refusing to say why a Parkinson's Disease expert met with President Joe Biden's doctor earlier this year. In fact, White House press secretary Karine Jean-Pierre won't even confirm that the meeting took place — even though due to Biden's own policy, the doctor's eight visits are public information.

Persons: Kevin Cannard, Joe Biden's, It's, —, Karine Jean, Pierre won't, I'm, Jean, Pierre, Ed O'Keefe Organizations: White, Service, CBS

☆ Investors can nab attractive dividends with these high-quality stocks
▼ + stars: | 2024-07-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Those dividends may begin to look more attractive to investors as the Federal Reserve starts cutting interest rates. UBS compiled a list of global, high-quality dividend stocks using its quantitative models, as well as its fundamental analysts. "Throughout the process, we emphasise the stability and growth potential of dividend streams, as opposed to the current yield," analyst Claire Jones said. Investors can grab a 2.69% dividend yield with Home Depot . The oil giant boasts a 3.35% dividend yield and is up more than 11% so far this year.

Persons: What's, Claire Jones, Richard McPhail, Giovanni Staunovo, Brent, Jonathan Woloshin, Sempra, Jeffrey Martin, CNBC's Jim Cramer, Melissa Repko, Spencer Kimball Organizations: UBS, Federal Reserve, Depot, CNBC, Exxon Mobil, Exxon, Pioneer Natural Resources, CME Group, JPMorgan, Group, Utilities Locations: Saudi, Aramco

☆ Biden goes on MSNBC and goads Democrats who want to push him aside: 'Challenge me at the convention'
▼ + stars: | 2024-07-08 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

President Joe Biden repeatedly declared he is not dropping out during a feisty and unexpected interview. Biden called into MSNBC's "Morning Joe" on Monday morning. AdvertisementPresident Joe Biden on Monday offered a feisty challenge to Democratic politicians and donors who want him to drop out of the 2024 race. "I'm getting so frustrated by the elites, now I'm not talking about you guys," Biden said during a call into MSNBC's "Morning Joe." "But by elites in the party, who they know so much more, if any of these guys don't think I should run, run against me.

Persons: Joe Biden, Biden, Joe, he's, —, I'm Organizations: Service, Democratic, Business

☆ Oil little changed as investors eye impact of storm Beryl on Texas
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were little changed as investors eyed energy supply disruption, with the largest ports in Texas shut before Tropical Storm Beryl likely strengthens into a hurricane and makes landfall on Monday. Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 0042 GMT after closing down 89 cents on Friday. U.S. West Texas Intermediate crude was at $83.08 a barrel, down 8 cents, after settling down 72 cents in the previous session. Lower interest rates can boost economic activity and increase crude oil demand. Investors were also watching for any impact from elections in the UK, France and Iran last week on geopolitics and energy policies.

Persons: Beryl, Corpus Christi, Tony Sycamore, Baker Hughes BKR.O, Sycamore, Masoud Pezeshkian Organizations: Tropical, Brent, . West Texas, Texas City, Energy, Administration, Sunday Locations: Texas, Corpus Christi, Houston, Galveston, Freeport, Corpus, Sydney, U.S, France, Iran

☆ Joe Biden said only God could get him to drop out of the presidential race
▼ + stars: | 2024-07-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

President Joe Biden said only God might convince him to drop out of the 2024 race. Biden made frequent defiant statements during a hotly anticipated interview with ABC News anchor George Stephanopoulos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident Joe Biden on Friday was unmoved by the growing number of members of Congress and megadonors who have called on him to drop out. This story is available exclusively to Business Insider subscribers.

Persons: Joe Biden, Biden, George Stephanopoulos, —, megadonors, Donald Trump Organizations: ABC News, Service, Business

☆ The 5 people to watch as Joe Biden weighs leaving the race
▼ + stars: | 2024-07-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

President Joe Biden has been steadfast that he is not dropping out. If Biden were to change his mind, the final push is likely to come from his own small orbit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident Joe Biden is clear that he is not leaving the 2024 race. This story is available exclusively to Business Insider subscribers.

Persons: Joe Biden, Biden, —, Donald Trump Organizations: Service, Business Locations: Wisconsin

☆ U.S. crude oil heads for fourth straight weekly gain on solid demand outlook
▼ + stars: | 2024-07-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil was little changed on Friday but was on pace for a fourth straight weekly gain as falling inventories show an uptick in demand. Oil market analysts have been forecasting a tighter market in the third quarter as summer fuel demand picks up. U.S. inventory data appeared to confirm those forecasts, with crude stocks declining by 12.2 million barrels and gasoline falling by 2.2 million barrels last week. UBS is forecasting that global oil demand will grow by 1.5 million barrels per day, or bpd, this year, above the long-term growth rate of 1.2 million bpd. "As such, we still believe Brent will likely reach the USD $90/bbl mark this quarter," Staunovo said.

Persons: Giovanni Staunovo, Brent, Staunovo Organizations: UBS, bbl, JPMorgan Locations: U.S

☆ Stock market today: Indexes test record highs as dovish jobs report sends bond yields lower
▼ + stars: | 2024-07-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks tested record highs on Friday after the June jobs report sent bond yields tumbling. The US economy added 206,000 jobs in June, but the unemployment rate ticked higher to 4.1%. The higher unemployment rate raised hopes for imminent interest rate cuts from the Federal Reserve. AdvertisementUS stocks tested record highs on Friday after the June jobs report sent bond yields lower. The April jobs report was also revised lower to 108,000 jobs added that month, down from the initial reading of 165,000.

Persons: —, Quincy Krosby, Krosby, Brent, Bitcoin Organizations: Federal Reserve, Service, Federal, Treasury, Manufacturing, PMI Locations: Texas

☆ Brent crude trades above $87, sets highest levels since April
▼ + stars: | 2024-07-05 | by ( ) www.cnbc.com time to read: +2 min

Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Brent crude futures were up 21 cents, or 0.2%, at $87.55 a barrel by 1922 GMT. In the previous session, Brent gained 1.3% to settle at $87.34 for its highest close since April 30. Those gains followed a larger than expected decline in U.S. crude stocks.

Persons: Brent, WTI, Martin King, King, Tamas Varga, Rosneft Organizations: Brent, . West Texas, U.S, Independence, U.S . Energy Information Administration, Reuters, RBN Energy, U.S . Federal Reserve, Saudi Aramco, OPEC, UBS Locations: Gaza, France, United Kingdom, Novorossiisk, Saudi, Asia, Oman, Dubai, OPEC, Swiss

☆ These Democratic megadonors are pressuring Biden to drop out
▼ + stars: | 2024-07-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

A growing list of wealthy Democrats are using their checkbooks to pressure Biden to drop out. Others, such as Netflix cofounder Reed Hastings, simply no longer support Biden. The donor uprising adds further obstacles to Biden hanging on after his disastrous debate performance. AdvertisementSome of the Democratic Party's biggest donors are pressuring President Joe Biden to step aside. Others are so angry about the president's standing after his disastrous debate performance that they have vowed to cut off all Democrats.

Persons: Biden, Reed Hastings, —, Joe Biden Organizations: Netflix, Service, Democratic, Hollywood titans, Democratic Party, Business

☆ Remains found in search for 12-year-old following reported crocodile attack in Australia
▼ + stars: | 2024-07-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Australian police believe they have found the remains of a 12-year-old child reportedly attacked by a crocodile while swimming in a creek in the Northern Territory, they said on Thursday. “This is devastating news for the family, the community and everyone involved in the search,” senior sergeant Erica Gibson said in a statement. A search and rescue operation with community assistance was launched to find the child, and police scoured a large section of the creek by boat, they said on Wednesday. The search team was authorized to “remove the crocodile from the area,” Northern Territory police minister Brent Potter said, according to CNN affiliate 7news. There are more than 100,000 crocodiles – which can grow up to six meters (20 feet) long – in the Northern Territory, though fatal attacks are relatively rare.

Persons: ”, Erica Gibson, Brent Potter, Gibson, Palumpa, 7news Organizations: CNN, “ Police, Northern, 7news, Associated Press Locations: Northern Territory, Palumpa, Northern, Darwin, Australia

☆ World Aquatics confirms US government has opened criminal investigation into doping case involving Chinese swimmers: AP
▼ + stars: | 2024-07-04 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +3 min

China’s anti-doping agency has said the 23 athletes tested positive for an “extremely low concentration” of trimetazidine at a national swimming competition in 2021. Trimetazidine has the potential to boost endurance and has been banned by the World Anti-Doping Agency (WADA) since 2014. “We can’t comment on the reported federal law enforcement investigation,” Travis Tygart, the CEO of the US Anti-Doping Agency, said in a statement to CNN Thursday. World Aquatics Executive Director Brent Nowicki attends a news conference during the 20th World Aquatics Championships at the Marine Messe in Fukuoka, Japan, on July 13, 2023. CNN has reached out to World Aquatics, the Department of Justice and WADA for comment on the news about the investigation.

Persons: CNN —, Brent Nowicki, Nowicki, ”, Trimetazidine, WADA, ” Travis Tygart, ” Tygart, Tygart, Witold Bańka, “, …, ” WADA Organizations: CNN, CNN — Swimming’s, Associated Press, The New York Times, ARD, Doping Agency, House, FBI, Justice Department, Aquatics, Marine Messe, Mondadori, CHINADA, Tokyo Games, Department of Justice Locations: Tokyo, trimetazidine, China, United States, Fukuoka, Japan

☆ Oil prices slip after data points to cooling U.S. economy
▼ + stars: | 2024-07-04 | by ( ) www.cnbc.com time to read: +1 min

Oil prices fell in early trade on Thursday after U.S. employment and business activity data came in weaker than expected, in signs the economy may be cooling in the world's top oil consuming nation. Separately, the ADP Employment report showed private payrolls increased by 150,000 jobs in June, below a consensus predicting an increase of 160,000, and after rising by 157,000 in May. However, weaker economic data may add to the Federal Reserve's arguments to start cutting rates, analysts said, a move that would be supportive for the oil markets as lower rates could boost demand. "The direction of recent data conforms to the Fed's easing bias," ANZ Research analysts said in a note. "A slowdown in growth momentum will support disinflationary impulses in coming months, paving the way for the Fed to cut rates."

Organizations: Brent, U.S, West Texas, ADP, ISM, ANZ Research, Fed Locations: United States

☆ Biden's path to victory is much narrower following his debate disaster with states like New Mexico and Virginia suddenly in play for Trump
▼ + stars: | 2024-07-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Under the University of Virginia Center for Politics' current projections, there are five true toss-up states: Michigan, Wisconsin, Pennsylvania, Arizona, and Nevada. The reality is that if Biden is stuck playing defense in states Democrats usually win, Trump's return to the White House will be a foregone conclusion. The only question then will be how many Electoral College votes would the former president win. "If Biden's position gets worse, that's when you see maybe a Virginia or New Mexico get in play," Kondik said. Virginia, New Hampshire, New Mexico, or Minnesota are not going to be the states that put Trump over 270.

Persons: Joe Biden's, Nate Silver, Biden, hadn't, Trump, Crystal Ball, Kyle Kondik, Kondik, Ball, hasn't, George H.W, George H.W . Bush, Robert F, Kennedy Jr, Jen O'Malley Dillon, O'Malley Dillon, There's, Trump's, Harry Enten, Biden's, 8KhJEsd8Dc —, Kamala Harris, Gretchen Whitmer, Gavin Newsom, Lloyd Doggett, we're Organizations: Service, Nebraska, Trump, Business, Sun, Lean, University of Virginia Center, Politics, Electoral College, Republican, Saint Anselm College, Biden, Independent, Granite, Democratic National Convention, California Gov Locations: Michigan , Wisconsin, Omaha, Midwest, Arizona, Georgia, Michigan, Minnesota, Michigan , Wisconsin , Pennsylvania, Nevada, Virginia, New Mexico, Maine, Nebraska, George H.W ., New Hampshire, Granite State, Florida, Texas, Virginia , New Hampshire , New Mexico

☆ Replacing Biden with anyone but Harris would be a real headache for Democrats
▼ + stars: | 2024-07-03 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

That's because she shares a campaign committee with Biden, Ghosh said. Or, in yet another version of the future, the Biden campaign could transfer the funds to the national party. Rep. James Clyburn of South Carolina, whose backing helped Biden win the state's 2020 primary, has said he would want Harris if Biden drops out. AdvertisementIn Washington, where the optics are never far out of sight, it would be impossible to ignore passing over the first female vice president for a man, or the first Black vice president for a white candidate. AdvertisementAlready, Republicans are preparing for a potential Harris bid should she get the nomination and, with it, the campaign money.

Persons: —, Joe Biden, Kamala Harris, Biden, Harris, Saurav Ghosh, Ghosh, there's, James Clyburn of, it's, Clyburn, Gavin Newsom, Gretchen Whitmer, Whitmer Organizations: Service, Wednesday, Associated Press, Business, Democratic Party, AP, Biden, NBC, Democratic, Rep, MSNBC, Black, Michigan, Republican National Committee Locations: James Clyburn of South Carolina, Washington, California

☆ U.S. crude oil pulls back from two-month high as traders assess Israel-Hezbollah, Hurricane Beryl risks
▼ + stars: | 2024-07-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

An oil pump jack is shown in a field in Stanton, Texas, on June 27, 2024. U.S. crude oil pulled back from a two-month high Tuesday, as traders assessed the risk of war between Israel and Hezbollah, while monitoring the potential threat of Hurricane Beryl to Gulf Coast refineries. Oil has rallied in recent days with gasoline prices have hit an average of $3.50 per gallon ahead of the Fourth of July holiday, according to the motorist association AAA. Prices at the pump are about 3 cents higher than last week but still lower than last month. Oil prices gained 6% last month after sagging in May as geopolitical risk entered the market again.

Persons: Hurricane, Brent, Patrick De Haan, Andy Lipow Organizations: Oil, AAA, West Texas, Lipow Oil Associates, Hezbollah, Israel Defense Forces Locations: Stanton , Texas, Israel, Gulf Coast, Iran

☆ Investors just got an inflation wakeup call. Will they answer?
▼ + stars: | 2024-07-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Inflation rates in Canada, the EU and Australia have popped higher in recent months. But that disconnect appears to be fading as inflation rates in the US continue to ease. The US also had a recent scare as inflation rates ticked higher. But after a year of the Fed holding interest rates steady at a 23-year high, inflation rates in the United States are once again declining. High inflation readings around the globe are concerning investors, José Torres, senior economist at Interactive Brokers, told CNN.

Persons: ”, Brent Schutte, Schutte, José Torres, Torres, payrolls, Chewy, Keith Gill, Krystal Hur, Gill, Ryan Cohen, Jordan Valinsky, CSSE Organizations: CNN Business, Bell, New York CNN, EU, Federal, Federal Reserve, Bank of Canada, Northwestern Mutual Wealth Management, Interactive Brokers, CNN, Investors, Bank for International, BIS, Securities, Exchange, GameStop, Soul Entertainment, BBC, Sony Pictures, Walmart, Walgreens, Apollo Global Management, Sony, Netflix Locations: New York, Canada, Australia, United States, Europe, Redbox

☆ Oil holds near two-month high on higher demand outlook, possible rate cut
▼ + stars: | 2024-07-02 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. interest rate cuts that could boost economic growth. Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. interest rate cuts that could boost economic growth. Gasoline demand in the U.S., the world's biggest oil consumer, is expected to ramp up as the summer travel season picks up with the Independence Day holiday this week. Still, signs of less-than-expected demand growth have limited gains in oil prices. This was mainly because of lower imports into China, the world's biggest oil importer and the second-largest consumer.

Persons: Beryl Organizations: Brent, . West Texas, Independence, American Automobile Association, ANZ, U.S, National Hurricane Center, Federal, Commerce Department Locations: U.S, Mexico's Bay, Campeche, Caribbean, Asia, China

☆ Oil inches higher on summer demand outlook
▼ + stars: | 2024-07-01 | by ( ) www.cnbc.com time to read: +2 min

That led analysts to forecast supply deficits in the third quarter as transportation and air-conditioning demand during summer draw down fuel stockpiles. WTI's recent rally may extend towards $85 a barrel if prices remain above the 200-day moving average at $79.52, he said. In the U.S., oil production and demand rose to a four-month high in April, according to the Energy Information Administration's (EIA) Petroleum Supply Monthly report published on Friday. Traders are watching out for the impact from hurricanes on oil and gas production and consumption in the Americas. In China, the latest manufacturing data did not bode well for oil demand in the world's no.2 consumer and top crude importer.

Persons: Brent, Tony Sycamore, Hurricane Beryl, Beryl, bode Organizations: Brent, U.S, West Texas, Organization of, Petroleum, U.S . Federal, Hezbollah, Energy, Petroleum Supply, Traders, Atlantic, National Hurricane Center Locations: OPEC, Europe, Israel, U.S, Americas, Windward, China

☆ Software stocks can pick up the pace in the second half, says Jefferies' Brent Thill
▼ + stars: | 2024-07-01 | 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 EmailSoftware stocks can pick up the pace in the second half, says Jefferies' Brent ThillBrent Thill, Jefferies tech research analyst, joins 'Squawk on the Street' to discuss whether the tech sector can continue its rally, how AI is dominating every boardroom discussion, and much more.

Persons: Jefferies, Brent Thill Brent Thill Organizations: Jefferies

☆ Supreme Court hands Trump partial victory in immunity case
▼ + stars: | 2024-07-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Read previewThe Supreme Court on Monday handed former President Donald Trump a partial victory by kicking the future of his January 6 criminal case down to a lower court. But on a 6-3 vote, a majority of the high court decided that former presidents do hold some immunity. Before Monday's ruling, former presidents already held sweeping immunity from civil prosecution thanks to a Nixon-era case. In taking its time to craft this ruling, justices have essentially handed Trump another victory for his delay tactics. If he were to win the election, he would likely scuttle the January 6 case and Smith's other criminal case in Florida related to Trump's hoarding of classified documents.

Persons: —, Donald Trump, Trump's, Justice Roberts, Roberts, Monday's, Nixon, Trump, Tanya Chutkan, Jack Smith's, Jeffrey Clark, Clark, It's, Neil Gorsuch, Gorsuch, recoiled, Ketanji Brown Jackson, Samuel Alito, Alito, Martha, Ann Alito Organizations: Service, Business, Department, Justice Department, Trump, Democratic, New York Times Locations: U.S, Florida, Alito's Virginia

☆ BET Awards 2024: See who won
▼ + stars: | 2024-06-30 | by ( Dan Heching | ) edition.cnn.com time to read: +5 min

CNN —The BET Awards kicked off on Sunday night with an electric performance by the one and only Megan Thee Stallion. The event, hosted by Taraji P. Henson, celebrates the best in Black entertainment, across music, film, television and sports. Nicki Minaj follows closely with six nods, including album of the ear for “Pink Friday 2,” best female hip-hop artist two best collaboration nominations, one with Lil Uzi Vert on “Everybody” and another for “Barbie World” with Ice Spice and Aqua. Will Smith, Lauryn Hill and Childish Gambino are among the scheduled performers.. ET on Sunday on BET and BET.com.

Persons: Megan Thee Stallion, Taraji P, Henson, Drake, ”, J, Cole, “ Rich, Daddy, Nicki Minaj, Lil Uzi, “, Will Smith, Lauryn Hill, Childish Gambino, Usher, Chris Brown, Victoria Monét Michael, Mike Pink, Beyoncé Coco Jones, Muni, Brent Faiyaz Bryson Tiller, Chris Brown Drake, London Usher, Ty Dolla, Lil Wayne, FLO, Lil Durk, Cole “, Kendrick Lamar “, Megan Thee, Rich, Lola Brooke, Latto, Yung Miami, Uzi, Summer Walker, Savage, Daddy ”, Sexyy, Cardi, Gunna J, Cole Kendrick Lamar Lil Wayne, Cole “ Barbie, ” – Drake, ” – Usher, Monét, Boom Child, Cole Bennett Dave Meyers Janelle Monáe, Alan Ferguson, Tyler, 4Batz Ayra Starr, Dlow, BOBBY JONES, Shirley Caesar “, Kirk Franklin, Angel ”, Halle Bailey “, CeCe Winans, Erica Campbell, Naomi Raine, Chandler Moore, Jack Harlow “, Davido, Lojay, Aya Nakamura, Ayra Starr, Cleo Sol, Karol Conká, RAYE, Holly G, Seyi, Tasha Cobbs Leonard, Missy Elliott “ Hiss, Bob Marley, Beyoncé ”, Clarence ” “, Anthony Mackie Colman Domingo Damson Idris Denzel Washington Donald Glover Idris Elba Jeffrey Wright, Stanfield, Angela Bassett Ayo Edebiri Coco Jones Danielle Brooks Fantasia Halle Bailey Issa Rae Regina King YOUNGSTARS, Akira Akbar Blue Ivy Carter Demi Singleton, Diana Harris JaBria, Jalyn, Leah Jeffries Van Van, Wilson Angel Reese Coco Gauff Flau’jae Johnson Juju Watkins Naomi Osaka Sha’Carri Richardson Simone, Anthony Edwards Gervonta Davis Jalen Brunson, Irving LeBron James Patrick Mahomes Stephen Curry Organizations: CNN, BET, “, Spice, Kanye, BEST, OF, BOBBY JONES BEST, Maverick City, ACT, BK ’ Locations: London, Texas, Africa, France, Brazil, Tyla, Jungeli, Makhadzi

☆ These parts of the stock market are already priced for recession, Northwestern CIO says
▼ + stars: | 2024-06-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

"The world has been talking about a recession for the better part of two years, and people have been investing that way," Schutte said. Schutte said that the price-to-cash flow ratio for the S & P Small Cap 600 index already looks like it typically does at the end of recessions. The S & P 500 is up 14.5% year to date, while the Russell 2000 small cap index is higher by just 1%. The S & P 600 Small Cap index is actually down by almost 2% on the year. .RUT YTD mountain Small cap stocks are lagging behind their larger counterparts.

Persons: Brent Schutte, Schutte, Russell Organizations: Northwestern Mutual Wealth Management, CNBC, Northwestern, University of Chicago Booth School, Businesss, Federal Reserve, Nvidia, Microsoft Locations: U.S

☆ U.S. oil trades near two-month high, heads for third-straight weekly gain on Israel-Hezbollah war fears
▼ + stars: | 2024-06-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. crude oil on Friday traded near a two-month high and is on pace for a third-straight weekly gain as fears of war between Israel and the Iran-backed militia Hezbollah grow. West Texas Intermediate hit an intraday high of $82.72 per barrel, the highest level for the U.S. benchmark since April 30. U.S. oil is up about 1.8% for the week and 6.7% for the month of June. Hezbollah could target Israel's offshore gas operations if war breaks out, and Israel could seek to hit Iranian oil facilities, according to RBC Capital Markets. There is also a risk that Iran could attack tankers in the straight of Hormuz or abandon a détente with Saudi Arabia and hit the kingdom's oil facilities, according to the firm.

Persons: Brent, stoking, Saudi détente, Helima Organizations: Hezbollah, Texas Intermediate, RBC Capital Markets, Pentagon, NBC News, The State Department, U.S, RBC Locations: Khiam, Lebanon, Israel, Gaza, Iran, U.S, Hormuz, Saudi Arabia, Saudi

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