Oppenheimer thinks stocks ranging from an electric vehicle favorite to a solid waste collector could get a a short-term boost depending on which party dominates this year’s presidential election in November. “As the 2024 election draws nearer, we expect the outcome of the presidential and Congressional races to impact several key issues affecting our covered companies,” Oppenheimer analysts led by Colin Rusch said in a Thursday note to clients. “We expect stocks’ behavior over the medium-term will more likely be a function of secular trends impacting global demand, and would encourage investors to be opportunistic around short-term sentiment.” Oppenheimer said…
Author: usaeverydaylife
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Hong Fang of OKX breaks down crypto’s recent slide and whether institutional investors are sticking to the sidelines. Source link
ORCHARD PARK, N.Y. — The images of that night in Cincinnati were seared into our consciousness. The world, riveted, sat and stared at their televisions as it transpired and consumed the coverage for several days after.That seemed like a lifetime ago for the rest of us. But for Damar Hamlin, it was his life. In some very literal ways, it became another life. He died on national television and was brought back.“I think about it all the time,” Hamlin said. “As much as the world experienced it, it happened to me.”At some point, we moved on to other events and…
A “Now Hiring” sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City.Michael M. Santiago | Getty ImagesThe U.S. job market is cooling at a worrisome rate but not to an extent that warrants panic — at least, not yet, according to economists.Their concern lies with the momentum of key labor-market metrics like unemployment, job growth and hiring.Such barometers, which were historically strong just a year or so ago, have gradually weakened as the Federal Reserve raised interest rates to cool the economy and bring down inflation.More from Personal Finance:Unemployment system unprepared for…
Investors who want to lock in income for a long time should take a look at a slice of the municipal market that is often ignored, according to the bond chief at BNY Wealth. Municipal bonds are debt issued by state and local governments and related entities to fund their spending. While the bonds usually pay lower nominal yields than corporate bonds with the same credit rating, they can also be tax exempt for some investors, raising their effective yield. John Flahive, head of fixed income at BNY Wealth, told CNBC that buyers of municipal bonds are overwhelmingly individual retail…
The National Football League kicks off its first-ever game in South America on Friday night, as the league pushes to grow its footprint overseas.As the NFL enters the Southern Hemisphere, professional football has never been stronger financially. Last season, the league pulled in $13 billion in revenue, and the average team is worth about $6.5 billion, according to CNBC’s Official NFL Team Valuations.But as the league tries to sustain its growth, international markets are a priority.Ahead of the league’s inaugural game in Sao Paulo, Brazil, on Friday, NFL Commissioner Roger Goodell told CNBC’s “Squawk Box” that the league aims to…
The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021.NYSERoblox, the popular kid’s gaming platform that generates billions of dollars a year in the virtual world, is getting real.The company said on Friday that some game developers on the platform will be able to charge users real money rather than relying on payments through Roblox’s digital currency called Robux. The change applies only to so-called Paid Access games, or those that cost money to play.The new model, announced as part of the company’s annual developer conference in San Jose, California,…
Editor’s note: This is an updated version of an article to reflect Alex Morgan’s retirement announcement on Sept. 5, 2024. The story was first published on Aug. 1, 2024.Alex Morgan was inescapable this summer, but not because she went to the Olympics. Whether it’s Coca-Cola commercials or Reese’s Instagram ads, she was on every screen and every device. Sponsors made these deals expecting Morgan to be on the U.S. women’s national team roster for the Paris Games. But when head coach Emma Hayes announced her team in June, the unthinkable happened: no Morgan.It was a surprise and yet it wasn’t.Morgan…
Wall Street is under pressure this week, but the selling in some individual names may have gone too far. The benchmark S & P 500 is on pace for its worst weekly performance in more than a year, losing more than 4%. Technology stocks were noticeably weak as investors pared exposure to the sector, pulling down the Nasdaq Composite more than 2%. A sluggish August jobs report also weighed on an already jumpy market susceptible to any sign of an economic growth slowdown. Some stocks may be due for a short-term bounce. Using the CNBC Pro Stock Screener , we…
CNBC’s Michael Ozanian reports on the official list of NFL team valuations in 2024. Source link
