Uh oh, Brock Purdy. Your detractors are lining up.The fellowship of Purdy Truthers can smell the validation. They prayed for times like these. Their contention this whole time is that you, the San Francisco 49ers quarterback, have been all hype, that you didn’t belong in the company of the game’s elite. They’ve been saying you’re only, well, you, because of the superstars around you. They’ve been eager to relegate you to a lesser tier, put you in line well behind Dak Prescott, Baker Mayfield and ’em.Oh, you better know they are watching and waiting. And hoping. For your downfall.They’re sitting…
Author: usaeverydaylife
Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | 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 todayFrom high to flatOn Tuesday, the S&P 500 and Dow Jones Industrial Average closed at the flatline after both indexes notched all-time highs earlier in the day. The Nasdaq Composite added 0.2%. Europe’s regional Stoxx…
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the Covid-19 pandemic — and despite the move being widely forecast, global investors are braced for impact.The Fed is behind a swathe of its central bank peers, including those in the euro zone, the U.K., Canada, Mexico, Switzerland and Sweden, all of which have already cut rates.Many of these policymakers stressed they were willing to move ahead of the Fed — usually seen as the global leader — in response to slowing growth and easing inflationary pressures at home.However, some analysts have…
The Kansas City Royals are good for baseball, and not just because they’re a small market team vying for a postseason spot or because Bobby Witt Jr. is one of the game’s brightest young stars. No, the Royals are good for baseball because they’re a shining example of what every organization in professional baseball should be doing: trying. The Royals, you may recall, spent nearly $110 million on free agents this winter. The moves were well-received, but didn’t exactly make national headlines. They didn’t spend a half-billion dollars on two players like the Texas Rangers did before 2022. They didn’t win the…
Employees work at an Asahi Tekko Co. factory in Hekinan, Aichi Prefecture, Japan, on Wednesday, Aug. 1, 2018.Bloomberg | Bloomberg | Getty ImagesJapan’s export growth slowed sharply in August as shipments to the U.S. dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a solid recovery.The frail external demand undermines Japan’s quest to drive sustainable economic growth, analysts say, especially given a growing risk of a slowdown in the U.S. and further weakness in China’s economy, two major trading partners.”Japan’s exports are bound to struggle as the global economy is failing to pick up momentum, with growth in both…
The semiconductor sector logged some big gains last week, with industry giants Nvidia , ASML , and TSMC leading the charge. However, investment bank Jefferies is drawing attention to two lesser-known chip stocks that it believes could rise by more than 100%: Aixtron and Ams OSRAM . The SOX Semiconductor index rose around 10% last week after a tough summer, helped by positive comments from Nvidia’s Chief Executive Jensen Huang over demand for the company’s latest artificial intelligence chip, Blackwell. At a Goldman Sachs conference on Sept. 11, Huang said that “demand is so great that delivery of our components…
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty ImagesAll seven independent directors of 23andMe resigned from the company’s board Tuesday, a move that CEO Anne Wojcicki said left her “surprised and disappointed,” according to a memo to employees. Wojcicki, who co-founded 23andMe in 2006, said she remains committed to taking the company private.The genetic-testing company went public in 2021 through a special purpose acquisition company (SPAC), and the share price has been mostly in freefall since then,…
Ray Dalio, founder of Bridgewater Associates LP, speaks during an interview on the sidelines of the Milken Institute Asia Summit in Singapore, on Wednesday, Bloomberg | Bloomberg | Getty ImagesSINGAPORE — U.S. billionaire Ray Dalio named the top five forces at the front and center of the world’s economy. Speaking at the Milken Institute’s Asia Summit in Singapore, the founder of Bridgewater Associates said the five factors are interrelated and often cyclical. Dalio made his remarks Wednesday ahead of the U.S. Federal Reserve’s interest rate decision.1. Debt, money and the economic cycleWith uncertainty still circling around what the Fed will do at…
Democratic presidential nominee and U.S. Vice President Kamala Harris addresses members of the National Association of Black Journalists (NABJ) in Philadelphia, Pennsylvania, U.S., September 17, 2024. Piroschka Van De Wouw | ReutersVice President Kamala Harris on Tuesday laid out how her economic proposals could specifically help young Black men, a key Democratic voting bloc that polls show Republican former President Donald Trump gaining ground with in this election cycle.”I think it’s very important to not operate from the assumption that Black men are in anybody’s pocket,” Harris said in a sit-down interview with a panel from the National Association of Black…
Vice President Kamala Harris, left, at the White House, Washington, July 22, 2024, and former President Donald Trump in Bedminster, New Jersey, Aug. 15, 2024.Nathan Howard | Jeenah Moon | ReutersFor the first time in the 2024 election cycle, Vice President Kamala Harris is viewed as more likely than former President Donald Trump to win the U.S. presidential election, according to a CNBC Fed Survey released Tuesday.The 27 respondents to the survey include investment strategists, economists and fund managers. Among the group, 48% see a Harris victory as the most likely scenario, while 41% believe Trump will win.The survey was conducted…
