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S&P 500 Index Shows Mixed Results, Large Cap Companies Lead with 0.16% Gain
Stock Market News | Jun 26 2024 01:02 PM IST
Move over, remote jobs. CEOs say borderless talent is the future of tech work
Borderless tech hiring has doubled in the last three years, according to Gartner's 2023 CEO Survey. By 2022, the tech talent workforce in cities like Beijing and Delhi far outweighed that of U.S. powerhouses like San Francisco and New York. Some leaders believe time zone coordination is still important to provide certain employees with the opportunity to work synchronously.
How long you may live is one of retirement planning's biggest unknowns. How experts say to get the best estimate
The financial industry typically uses age 95 as a default assumption. But no one knows how long they will live. The higher your current age, the greater the possibility you may live longer. For couples, the chance that at least one of you lives to 90 is even bigger, experts say.
‘I can’t get paid.’ Cyberattack affecting car dealerships brings chaos for sellers, buyers and workers
Car dealerships are racking up millions of dollars in losses, according to a new estimate. Workers across the US automotive industry told CNN that the software blackout has made it difficult for dealers to track customer interactions. The outage began last Wednesday after two cyber incidents halted the company’s systems.
More companies are staying quiet during Pride, but money is still flowing to LGBTQ+ causes
June tends to bring a wave of rainbow-themed merchandise and affirming ads. As the presidential election approaches, some companies have grown quieter about diversity, equity and inclusion efforts. Tractor Supply, a retailer that sells animal feed, cowboy boots and lawn supplies, said it is ending all spending tied to diversity and environmental causes.
Tractor Supply Co. backtracks on DEI roles and goals
Right-wing commentator Robby Starbuck attacked the company’s LGBTQ-inclusive stance. Starbuck called on customers to boycott Tractor Supply and contact its corporate leadership. The company says it will stop sponsoring activities like “pride festivals and voting campaigns”
Yahoo FinanceNvidia will produce such a massive ‘cash gusher’ that it will have to buy back more stock because all that money has nowhere else to go, analyst says
AI chip leader Nvidia will have an embarrassment of riches in the coming years, a tech analyst predicted. Melius Research projects the company will generate $270 billion in cash over the next three years. Despite an ongoing selloff that began earlier this month, shares have soared 150% so far this year.
Forecasters say the long July 4 holiday will be a record-setting bash
TSA expects to screen more than 32 million folks at US airports from June 27 through July 8. AAA expects 70.9 million Americans to travel 50 miles (80 kilometers) or more from home. Disney announced this week that its Genie + ride reservation service is being put back in the bottle.
Yahoo FinanceCDK cyberattack outage could lead to 100,000 fewer cars sold in June, experts say
J.D. Power estimates that total new vehicle sales for June will reach 1,273,600 on the low end. That includes car sales to regular consumers, as well as fleet sales to businesses. The average transaction price for new vehicles is $45,000, meaning the hit could be substantial.
Yahoo FinanceA Little Bad News for Ford Investors
Ford is recalling 552,188 F-150s in the U.S. because of an issue with the powertrain control module. The issue could cause an abrupt downshift into first gear, increasing the risk of a crash or losing control of the vehicle. While the headlines can be jarring, the worst recalls can amount to billions of dollars in losses.
Growth, value stocks could see boost from Russell rebalancing
Value stocks could get a lift from the FTSE Russell's annual rebalancing. The Russell indexes underwent their annual reconstitution to reflect changes in the market as companies grow and shift. The iShares Russell 1000 Growth ETF is up 20% so far this year, while the Russell 1000 ValueETF is up almost 6%.
Yahoo FinanceBoots CEO James quits after Walgreens' plans for sale stalls, Sky News reporter says
Boots chain CEO Sebastian James quit as CEO after owner Walgreens Boots Alliance's plans for a 5 billion pound sale or stock market listing of the company stalled. Sky News reporter Mark Kleinman said in a post on X on Saturday that James had quit his post.
Yahoo FinanceBoots chief quits after Walgreens' sale plan stalls
Sebastian James, who has run Boots since 2018, will remain in the post until November. Sky News first reported James' exit, saying he had taken a role in the healthcare industry. On Thursday, Walgreens warned on its profit outlook and said it had no plans to sell Boots.
These could be the next big food and beverage trends
The Summer Fancy Food Show is a trade show hosted by the Specialty Food Association. The annual show returned to the Jacob K. Javits Convention Center in New York this week. More than 2,400 companies exhibited their foods and drinks for attendees, which include restaurant operators, retailers and trendspotters.
An alphabet soup of 'electrified' vehicles awaits new car buyers as EV sales stall
All-electric vehicle adoption crawls along in the U.S. A variety of models means more customer choice, but also more complexity. "There needs to be more clarity on what the terms and acronyms actually mean," analyst says. All except EVs and fuel-cell vehicles continue to offer a traditional internal combustion engine.
36% of Americans plan to take on debt for summer travel. Here's why that worries financial experts
36% of Americans said they plan to take on debt in order to travel this summer. The payment methods for summer travel expenses ranged from personal loans to borrowing from family and friends. Financial experts advise that the key to affording a vacation is to plan ahead and budget accordingly.
Yahoo FinanceStocks will fall 30% as the U.S. economy heads for a painful recession, strategist says
Peter Berezin, chief global strategist at BCA Research, has revised down his target for the S&P 500 SPX to 3,750. Berezin expects that recession to begin either later this year or in early 2025. He expects growth in Europe and China to slow, weighing on global stocks.
Nvidia Stock Is Up 149% This Year. Here Are 2 Stocks That Could Outperform It the Rest of 2024.
N Nvidia (NASDAQ: NVDA) has been one of the best stocks to own in the artificial intelligence (AI) race so far. The company's revenue has tripled year over year in recent quarters, sending the stock up 149% in the first half of 2024. As supply improves, it could drive more demand for AI servers, and these companies trade at more reasonable valuations.
Amazon reportedly investigating Perplexity AI after accusations it scrapes websites without consent
Wired says Amazon Web Services is investigating whether Perplexity AI is breaking its rules. The company's cloud division is reportedly looking into allegations that the service is using a crawler that ignores the Robots Exclusion Protocol. This protocol is a web standard, wherein developers put a robots.txt file on a domain containing instructions on whether bots can or can't access a particular page.
Jim Cramer reviews 10 stocks leading the S&P 500 in the second quarter
CNBC's Jim Cramer analyzed stocks that helped the S&P 500 reach significant gains this year. Many are involved with energy and data centers. "It's incredible, but if you were in alternative energy or the data center you did insanely well this quarter," he said.