Some stocks leading this year’s bull rally could be destined for another year of outperformance. Except for a few notable sell-offs, 2024 marked a year of big gains for the stock market. Year to date, the benchmark S & P 500 index has risen nearly 24%, followed by the Dow Jones Industrial Average ‘s 13% return. The tech-heavy Nasdaq Composite has soared almost 30%. The technology sector’s stranglehold on market outperformance eased a tad this year, with the bull rally broadening out to include small-cap stocks. The Russell 2000 is on pace to finish 2024 with a 10% rise .…
Author: usaeverydaylife
For decades, Art Cashin, UBS’ director of floor operations at the New York Stock Exchange, would write a New Year’s poem to reflect back on the year’s events. With Cashin’s passing earlier this month, his sons, Arthur and Peter, sent this homage to their father:Some Other Cashins’ Comments: An Homage PresentationDecember 30, 2024 by Arthur Cashin III and Peter CashinIn 2024,Wall Street stopped in fear.No more annual poemswithout Arthur here?My brother and Isaid, “Let’s give this a try,”but with one precondition,there would be no AI!Genetics or environment,we share his same vice.So, we joined our feeble minds,while marinating some ice. Paris hosted the…
Cars pass under toll machines on Broadway Avenue in the Manhattan borough of New York City on November 14, 2024. Charly Triballeau | AFP | Getty ImagesWith just days to go before the nation’s first congestion toll begins in New York City, the pricing plan may have passed its final hurdle in a ruling from a U.S. district court who heard a suit from the state of New Jersey on environmental grounds, according to the MTA. But an attorney for the state of New Jersey says not so fast.While the judge ruled the Federal Highway Administration (FHWA) will need to weigh in, the…
U.S. Treasury yields were lower on Tuesday, the final trading day of the year, as investors considered the outlook for 2025.At 2:45 a.m. ET, the yield on the 10-year Treasury was down by over two basis points to 4.5187%. The 2-year Treasury yield was last more than two basis points lower to 4.2333%.Yields and prices move in opposite directions and one basis point is equivalent to 0.01%.Treasury yields on Tuesday extended Monday’s declines, which came after the 10-year Treasury yield hit a multi-month high last week after rising distinctly across the last three months of the year. Investors considered what…
[EXPLOSION] “The people are running away from the bombing. People are dying. We just send this to the nation to see what is happening in Nuba Mountains.” [GUNSHOTS] “Yeah.” [GUNSHOTS] Sudan is in the grip of a brutal civil war. Eleven million people have been driven from their homes, and tens of thousands have been killed. As a paramilitary group called the Rapid Support Forces — [CRIES] — battles the Sudanese Army for control of the country. The U.N. has accused both sides of abuses. But a six-month investigation by The New York Times shows that the R.S.F. is committing…
You can ask for a bottle of Evian or San Pellegrino at Singapore’s three-Michelin-starred Restaurant Zen.But you won’t get one. The restaurant, which charges nearly $500 per person for dinner, only serves water from the Swedish company Nordaq, said Executive Chef Martin Öfner.Dishes and drinks at the restaurant are made from the water too, from its stocks to the juices in its non-alcoholic beverage pairing, he said.Zen is one of more than 140 Michelin-starred restaurants that serve Nordaq water, company CEO Johanna Mattsson told CNBC Travel. The water, which is purified and bottled on-site using local tap water, is also…
Kennie Bukky, co-founder at The Pivot Place.Courtesy: Kennie BukkyKennie Bukky, a millennial professional, made a six-figure salary in 2024 and attributed her high earnings to two key strategies: building an audience on social media and learning high-paying skills.Despite being under 30 years old, Bukky balances multiple jobs and earned just over £100,000 (roughly $130,000) in 2024.However, it wasn’t always this way. When she graduated from university in 2017 with a bachelor’s degree in forensic science, she felt her prospects looked bleak.”Straight out of university, I was quite concerned about money, looking at the salaries, it just wasn’t that great,” she…
European markets are expected to open flat to lower Tuesday ahead of the New Year holiday.London’s FTSE 100 index is expected to open 20 points lower at 8,100 and France’s CAC 40 is seen opening 5 points lower at 7,309. Both bourses will be closing early today.Markets in Germany and Italy are shut for the whole day. All European markets will be closed on New Year’s Day before reopening on Jan. 2.European markets closed lower on Monday after the final full trading session of the year, but regional stocks look set to round out the year with moderate gains. The…
A Singapore-based company is taking cells from endangered, threatened and protected seafood species and growing them in a lab.As overfishing, ocean pollution and climate change threaten marine ecosystems, lab-grown fish and seafood have been touted by some as a potential solution to the fishing industry’s challenges. Singapore-based company Umami Bioworks is developing a platform to manufacture cell-based seafood products. “We look for species that are endangered, threatened or protected, and have high demand and name recognition from consumers, but that can’t be easily grown on farms economically,” Mihir Pershad, Umami founder and CEO, told CNBC Tech: The Edge.The company has focused its…
Representations of cryptocurrency Bitcoin are seen in this illustration taken Nov. 25, 2024.Dado Ruvic | ReutersAfter a blistering rally in bitcoin this year, crypto investors and industry executives told CNBC, they’re expecting the flagship cryptocurrency to hit new all-time highs in 2025.In December, the world’s largest cryptocurrency broke the highly-anticipated $100,000, setting a record high price above that. That came after Donald Trump — who ran on a prominently pro-crypto policy platform — secured a historic election win in November.Trump’s imminent return to the White House has boosted sentiment surrounding crypto with many industry executives and analysts expecting him to…
