A worker sweeps the floor at the Nasdaq MarketSite in New York, US, on Monday, Sept. 16, 2024. Yuki Iwamura | Bloomberg | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayNew highs U.S. stocks rallied on Thursday, as all major indexes closed in the green. The S&P 500 and Dow Jones Industrial Average marked new record closes, while the tech-heavy Nasdaq Composite had its fourth-best day,…
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A Macy’s store in Miami, Florida, US, on Friday, May 17, 2024. Eva Marie Uzcategui | Bloomberg | Getty ImagesMacy’s said on Thursday it will hire more than 31,500 full and part-time employees for the upcoming holiday season – fewer than last year – as the U.S. department store gears up for a busy shopping period.U.S. retailers are expected to hire fewer workers this holiday season than in 2023 due to a softer labor market and tighter consumer spending heading into the crucial shopping period, according to a report earlier this week by Challenger, Gray & Christmas.Macy’s had said last year…
We’re down to the final week and a half of the regular season, and although we’re still two months away from award season, we’ve seen enough to at least determine the front-runners for MLB’s major individual honors, which will be presented in November after the World Series. Therefore, let’s have some fun and look at the competition for the key awards.If the season ended today, here’s who I think would take home the top prizes. In the comments section, let me know what I got right and what I got wrong, and why.(WAR figures are according to Baseball Reference as…
A Japanese flag is displayed as shoppers and pedestrians walk past stores at a shopping street in Tokyo, Japan, on Wednesday, Nov. 23, 2016.Tomohiro Ohsumi | Bloomberg | Getty ImagesAsia-Pacific markets were set to open higher on Friday, after the S&P 500 and the Dow Jones Industrial Average hit new all-time highs overnight following the Federal Reserve’s outsized rate cut. Japan’s Nikkei 225 futures pointed to a stronger open for the market, with the Chicago contract at 37,735 and its counterpart in Osaka at 37,590 compared to the index’s previous close of 37,155.33.Japan’s core consumer prices index climbed 2.8% year…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailRick Heitzmann, FirstMark Capital founder & partner, joins ‘Fast Money’ to talk tech investing after the Fed’s rate cut announcement, the state of the IPO market and more. Source link
Republican presidential nominee, former U.S. President Donald Trump, debates Democratic presidential nominee, U.S. Vice President Kamala Harris, for the first time during the presidential election campaign at The National Constitution Center on September 10, 2024 in Philadelphia, Pennsylvania. Win Mcnamee | Getty Images News | Getty ImagesThe chair of the Federal Communications Commission rejected former U.S. President Donald Trump’s suggestion that Walt Disney-owned ABC should lose its broadcast licenses over the network’s moderating Sept. 10 presidential debate.”The First Amendment is a cornerstone of our democracy. The Commission does not revoke licenses for broadcast stations simply because a political candidate disagrees with or dislikes content or coverage,” FCC chair Jessica Rosenworcel said on Thursday.The FCC, an independent federal…
Chairman of the Federal Reserve Jerome Powell (left) meets with President Joe Biden in the Oval Office on May 31, 2022.Saul Loeb | AFP | Getty ImagesPresident Joe Biden on Thursday said he had “never once spoken” to Federal Reserve Chair Jerome Powell while he was president.But the pair, joined by Treasury Secretary Janet Yellen, met in the Oval Office on May 31, 2022 to discuss inflation, photos and videos from the meeting show.The president made the inaccurate claim during remarks at the Economic Club of Washington, D.C., the day after the Fed announced a decision to cut interest rates…
When Tom Brady officially moved from quarterback to announcer, he brought some of his real, honest opinions with him — like, for example, how the sport of football’s process for developing quarterbacks is broken.And while the player is never totally free of blame, it was hard not to think about that point after seeing the Panthers’ decision — a fair one, based on merit — to bench second-year QB Bryce Young after a brutal 0-2 start. Young’s not the only quarterback struggling, but he’s probably the highest-paid.In Brady’s day, quarterbacks had to fight from the ground up after high school.…
One global stock stands out as a “unique play” in the Nvidia and artificial intelligence supply chain, according to Jefferies. It’s German semiconductor firm SUSS MicroTec , Jefferies said in a Sept. 17 report, calling it a “hidden gem” among European semiconductor firms. The stock also trades over the counter in the U.S. The investment bank initiated coverage of the stock at a buy rating and a target price of 76 euros ($84). That represents potential upside of about 28%. The firm has “multi-layered exposure” to an advanced packaging technology called Chip-on-Wafer-on-Substrate, said Jefferies, explaining that it’s used to make…
Traders work on the floor of the New York Stock Exchange (NYSE) on the first trading day of 2024 on January 02, 2024 in New York City. Spencer Platt | Getty ImagesStock futures flickered near the flatline Thursday night after the S&P 500 and the Dow Jones Industrial Average closed at new records, bolstered by enthusiasm over the Federal Reserve’s interest rate cut.Futures tied to the S&P 500 inched lower by 0.03%. Dow futures added 22 points, or 0.05%, while Nasdaq 100 futures slipped 0.1%.Shipping behemoth FedEx pulled back 10% in extended trading after the company slashed the top end of…
