Month: October 2024
Here’s how to position your fixed income portfolio for lower rates, according to strategists
The U.S. Federal Reserve made a big interest rate cut to kick off its first easing cycle in four years. What does this mean for fixed income? Since the Fed started hiking rates four years ago, cash has poured into short-term money markets such as Treasury bills as they offered attractive yields with rising rates. […]
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Stock futures fall slightly following rocky start to October: Live updates
Traders work on the floor of the New York Stock exchange during morning trading on May 17, 2024. Michael M. Santiago | Getty Images Stock futures slipped in overnight trading following a sour start to the new trading month and final quarter of 2024. Futures tied to the Dow Jones Industrial Average edged down 80 […]
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500 Starbucks locations have voted to unionize as labor talks continue
Demonstrators protest outside a closed Starbucks Corp. location at 505 Union Station in Seattle, Washington, US, on Saturday, July 16, 2022. David Ryder | Bloomberg | Getty Images Baristas at a Starbucks in Bellingham, Washington, became the 500th store to join the Starbucks Workers United union on Monday. Since the first location voted to unionize […]
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Port strike could reignite inflation, with larger economic impact dependent on how long it lasts
Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida. Giorgio Viera | Afp | Getty Images A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected […]
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Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound, caught up in East Coast trade shutdown
An Eli Lilly & Co. Zepbound injection pen, March 28, 2024. Bloomberg | Bloomberg | Getty Images As a port strike stretching from New England to Texas halted nearly half of all trade coming into the U.S., customs data shows that critical medical devices and drug components for the booming, expensive weight-loss and diabetes drugs […]
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With Hurricane Helene disrupting travel, here’s what fliers need to know
Men inspect the damage from flooding in the aftermath of Hurricane Helene on Sept. 28, 2024 in Asheville, North Carolina. Sean Rayford | Getty Images News | Getty Images As the Southeast U.S. recovers in the aftermath of Hurricane Helene’s destruction, consumers looking to change their air travel plans to or from affected areas without […]
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Healthy Returns: Pfizer pulls sickle cell disease drug from markets – here’s why it matters
Kena Betancur | Corbis News | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. Hello and happy Tuesday! Today, we’re unpacking a shocking move from Pfizer. The pharmaceutical giant last week announced it […]
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Harris campaign launches small business battleground tour in a play for Latino, Black voters
Democratic presidential nominee and U.S. Vice President Kamala Harris speaks onstage during a campaign event, in Las Vegas, Nevada, U.S., September 29, 2024. Kevin Lamarque | Reuters Harris campaign surrogates are planning a series of stops with small businesses in at least six battleground states this week, according to a preview of the announcement first […]
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Where the charts indicate gold is headed next as it rallies on escalating geopolitical tensions
Gold is making new all-time highs fueled by two factors: escalating tensions in the Middle East , as well as central banks around the world moving to a more dovish, or accommodative stance. I believe there is more upside in gold that we can take advantage of in the underlying bullion market or one of […]
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Harris wants to stand out as the pro-cannabis candidate. The industry isn’t convinced yet
Vice President Kamala Harris further positioned herself as a pro-cannabis candidate on Monday in an interview with sports and culture podcast “All the Smoke” — but industry leaders aren’t convinced her administration would lead to the reform she has promised. “I just think we have come to a point where we have to understand that […]
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