Attendees at the Albany Job Fair in Latham, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty ImagesSeptember’s jobs picture is expected to look a lot like August’s — a gradual slowdown in hiring, a modest increase in wages and a labor market that is looking a lot like many policymakers had hoped it would.Nonfarm payrolls are projected to show growth of 150,000, from 142,000 the month before, with a steady unemployment rate of 4.2%, according to the Dow Jones consensus. On the wage side, the forecast is for a 0.3% monthly gain and a 3.8%…
Author: usaeverydaylife
The rise and fall of the “Nifty Fifty” stocks in the 1970s is a cautionary tale for investors in the Magnificent Seven craze, according to BCA Research. The “Nifty Fifty” refers to a loose group of stocks including Coca-Cola , IBM , Xerox and Pfizer , that rose to prominence in the 1970 to 1973 bull market. BCA Research recently compiled a basket of 26 of these names and found that it generated annualized returns of 64% in that period before cratering 61% in the subsequent 1973-1974 bear market. “The Magnificent Seven may not be the reincarnation of the Nifty…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: U.S. stocks were lower Thursday as Wall Street extends Tuesday’s sharp selloff, which was triggered by concern over Iran’s missile attacks on Israel. All three stock benchmarks closed only slightly higher Wednesday. U.S. oil prices have been soaring — up another 4%-plus to more than $73 per barrel — as the world awaits a response from Israel, which has vowed to retaliate. There are fears that Israel could target Iran’s…
Mesa County Clerk and Colorado Republican candidate for secretary of state Tina Peters reacts to early election returns during a primary night watch party at the Wide Open Saloon on June 28, 2022 in Sedalia, Colorado. Marc Piscotty | Getty ImagesTina Peters, a former Colorado county clerk who espoused the false conspiracy theory that former President Donald Trump lost the 2020 election due to ballot fraud, was sentenced Thursday to nine years in prison for crimes related to a breach of voting systems in her county.Peters was immediately taken into custody after Judge Matthew Barrett rejected her lawyer’s request that she…
So much has changed across college football over the past three years. There have been seismic coaching moves. Realignment has eliminated a power conference and forced us to reconsider how much geography actually matters. And the introduction of name, image and likeness combined with the freedom of movement provided by the transfer portal has thrown all prior convictions about roster management to the wind.With all of these changes, we thought it was a perfect time to revisit this question we posed three years ago: What are the top five jobs in the sport?The Athletic polled 50 people working in college…
Beijing’s rare stimulus blitz unleashed newfound optimism from hedge fund investors, who have been piling into beaten-down Chinese stocks like never before. Chinese equities saw the largest net buying ever from hedge funds last week, marking the most powerful weekly purchase on record, according to Goldman Sachs prime brokerage data. Hedge funds started flocking to Chinese stocks after the government announced a flood of stimulus measures in a bid to revive growth and avoid a deep slump in the world’s second largest economy. The array of policy steps included interest rate cuts and reducing the amount of cash banks need…
Modelo and Corona brewer Constellation Brands is a tale of two businesses. One of them — beer — is stealing market share left and right. The other — wine and spirits — is an anchor on the stock. Nothing in the company’s fiscal 2025 second-quarter results on Thursday changed that narrative. But the next two quarters might. Comparable net sales for the three months ended Aug. 31 rose 3% year over year to $2.92 billion, essentially in line with the $2.9 billion expected, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) of $4.32 topped estimates of $4.08,…
Aaron Judge pounded the old-school scoreboard in left-center field with such ferocity that 18-year-old Luke Weaver feared for the safety of everyone.Each time a ball struck the scoreboard, it echoed like a sonic boom, reverberating off the three poles that held it up. The Brewster Whitecaps’ stadium in the Cape Cod League is enveloped by dense trees on three sides, allowing the sound of a baseball striking metal repeatedly in the summer of 2012 to echo even 12 years later.“You could hear it almost rocking,” New York Yankees reliever Luke Weaver said. “There was this feeling that if he kept…
The chart of Nike Inc. (NKE) had been forming a fairly constructive pattern of higher highs and higher lows since bottoming out around $70 in early August. While a disappointing earnings call this week caused a sudden gap lower for NKE, we could be setting up for the next leg higher as this long-term recovery story continues. Before this week’s downside price gap, it’s worth noting that Nike was testing a major resistance level into last week. The $90 price point represents a 38.2% retracement of the December 2023 to August 2024 downtrend, and also lines up fairly well with significant…
Miami Dolphins are in advanced talks to sell minority stake in team to Ares Management, billionaire Joe TsaiGetty ImagesThe Miami Dolphins are in advanced talks to sell a minority stake in the team to private equity firm Ares Management and billionaire Joe Tsai, CNBC has learned, highlighting the growing trend of owners looking to build their sports portfolios to include multiple teams and operate their own stadiums to maximize revenue.The deal, which would also include Hard Rock Stadium, the operating rights for the Miami Grand Prix F1 race and about half of the Miami Open, values the assets at $8.1…
