Several regional financials set to report this week could rally after their earnings reports, according to Bespoke Investment Group. Earnings season is heating up, and investors’ expectations are strong leading up to several financial reports due next week. For the third quarter, the estimated year-over-year earnings growth rate for the S & P 500 is 4.2%, which would mark the fifth straight quarter of year-over-year earnings growth for the index if it happens, according to FactSet. Nearly half the S & P 500 companies that will report earnings this week are financials. The group is expected to report a year-over-year…
Author: usaeverydaylife
Honeywell stock received a rare downgrade from JPMorgan on Thursday. It’s the first time in more than a decade that analysts at the firm lowered their rating. The news JPMorgan cut Honeywell to neutral from buy, citing concerns about its newly announced materials spin-off . Shares of Honeywell were down roughly 0.6% after the call. “After almost 15 years recommending Honeywell, despite new management that we believe is doing the right things for the long term, we are moving to the sidelines, mostly due to the spin that appears dilutive, resulting in another year that lacks clarity on the forward…
Microsoft on Thursday announced new health-care data and artificial intelligence tools, including a collection of medical imaging models, a health-care agent service and an automated documentation solution for nurses. The tools aim to help health-care organizations build AI applications quicker and save clinicians time on administrative tasks, a major cause of industry burnout. Nurses spend as much as 41% of their time on documentation, according to a report from the Office of the Surgeon General. “By integrating AI into health care, our goal is to reduce the strain on medical staff, foster the collective health team collaboration, enhance the overall efficiency of…
MOUNT KILAUEA, Hawaii — The subject matter echoing across the floor of one of the most active volcanoes on the planet wasn’t the magma beneath just yearning to escape. It was the complexities of building a college football program in 2024, one that can contend for conference championships immediately and for the long term.“I just wanted more money to win games, man,” said Trevor Reilly, the former Colorado staffer who was an unorthodox asset to the team’s unorthodox coach, Deion Sanders. “It’s not that complicated.”Reilly was not a known commodity in the college coaching world before he joined. He played…
David Paul Morris/Bloomberg via Getty ImagesInflation fell in September as lower gasoline prices combined with other waning price pressures in areas such as housing to bring relief to consumers’ wallets, according to the consumer price index.The consumer price index, a key inflation gauge, was up 2.4% last month from September 2023, according to the U.S. Bureau of Labor Statistics.That figure is a decline from 2.5% in August, meaning price growth slowed. It’s also the smallest annual reading since February 2021.The September CPI figure was slightly higher than economists predicted, however.There were some trouble spots, such as an uptick in categories…
After 15 years of bullishness on Honeywell , JPMorgan is finally moving to the sidelines. In a Thursday note, the Wall Street bank downgraded shares of the Charlotte-based industrial manufacturer to a neutral rating from overweight. At the same time, analysts led by Stephen Tusa lifted their price target to $235 from $225. Shares of Honeywell are up just 1% on the year but stand to gain almost 10% over the next year, based on Tusa’s updated price target. The stock is currently trading at a 20% discount to its sector — far below its historical discount of 4%. HON…
Portra | E+ | Getty ImagesMore than 72.5 million Americans will see a 2.5% cost-of-living adjustment to benefit payments in 2025, the Social Security Administration announced on Thursday.With the change, Social Security retirement benefits will increase by about $50 per month on average starting in January, according to the agency.The Social Security Administration first announced the change on Thursday morning via its press office feed on X and confirmed the news to CNBC by phone.The Social Security cost-of-living adjustment for 2025 is the lowest annual increase since 2021, when beneficiaries saw a 1.3% increase to benefits. In recent years, COLAs…
Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technology Conference in Paris on June 15, 2022.Nathan Laine | Bloomberg | Getty ImagesBret Taylor, board chairman of OpenAI, joined CNBC’s Squawk on the Street Thursday to discuss his artificial intelligence startup Sierra.Taylor co-founded Sierra in March of 2023, and it aims to help companies build AI agents that can interface directly with their customers. AI agents vary in their complexity, but they can generally help users answer questions, automate processes and perform specific tasks, according to the company’s website. “This is the way your company is going to have its branded…
The 2025 NBA Draft cycle is officially here. International teams have tipped off their regular seasons, and college teams have started preseason practices. NBA scouts and executives are out and about, seeing teams practice and traveling worldwide to find players.Much has been written about excitement regarding the 2025 draft. It does look drastically better at the top of the class than the 2024 iteration. There is plenty of room for excitement for tanking teams looking to replenish their youth.But I will preach a bit of caution. I wouldn’t get hyperbolic and say this is a superclass. I would say it…
Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. Professional traders posted the largest single-day net selling of Chinese securities, both onshore and offshore, on Tuesday, according to Goldman Sachs’ prime brokerage data. The net selling was 1.4 times larger than the previous record, Goldman said. The record exodus came after the National Development and Reform Commission earlier this week provided few details on further stimulus measures to boost the world’s second-largest economy. Local officials said China will speed up special purpose bond issuance to local governments to support regional economic growth, but stopped short…
