Jim Cramer's Charitable Trust is selling 80 shares of Stanley Black & Decker at $95 each, decreasing its portfolio weighting to 2.26%. The company's shares added 7% after the Federal Reserve's inflation gauge data, which bolstered confidence in a September Fed interest rate cut. Lower borrowing costs are expected to benefit Stanley Black & Decker, particularly with lower mortgage rates spurring homebuying.
BusinessStanley | Rating: 53 | 2024-07-26 03:29:30 PM |
Elizabeth Morosani, a 50-year-old, runs a side hustle where she converts 11 acres of her 108-acre farm in Asheville, North Carolina, into private dog parks, renting them out to local pet owners on Sniffspot, an Airbnb-style platform. She earns an average of $7,100 per month. She initially started the side hustle to connect with nearby pet owners in November 2020.
BusinessNone | Rating: 42 | 2024-07-26 02:59:33 PM |
According to Indeed's research, the unemployment rate has increased to 4.1%, the first time it has crossed above 4% since 2021. Despite fewer people quitting their jobs and recent college graduates struggling to enter the market, there are still dozens of in-demand jobs that companies are desperate to fill. The job search site analyzed hundreds of thousands of listings from March 2023 to March 2024 to identify the roles with the highest increase in openings but lowest job seeker engagement.
EconomyIndeed | Rating: 48 | 2024-07-26 01:29:39 PM |
The S&P 500 and Nasdaq were expected to open higher on Friday after the Federal Reserve's core PCE price index matched estimates. The June personal consumption expenditures index showed a monthly increase of 0.2% and 2.6% on the year, in line with expectations. The data did not sway the market odds on the Fed cutting interest rates three times this year, starting in September.
EconomyFed | Rating: 53 | 2024-07-26 01:19:30 PM |
The Federal Reserve's key inflation gauge, the personal consumption expenditures price index, rose 2.5% in June from a year ago, easing slightly from the previous month's 2.6%. The index increased 0.1% on the month, in line with estimates. The Fed uses this measure as its main gauge to track inflation, which remains above its 2% long-range target.
EconomyFed | Rating: 53 | 2024-07-26 12:49:51 PM |
Federal prosecutors have charged Andrew Left, a 54-year-old resident of Boca Raton, Florida, with securities fraud related to allegedly manipulating stock market activity. The Securities and Exchange Commission also charged Left and his firm Citron Capital in a civil fraud action, accusing them of a $20 million scheme to defraud followers. Left is expected to be arraigned in Los Angeles federal court on a 19-count criminal indictment.
FinanceNone | Rating: 48 | 2024-07-26 12:39:32 PM |
2024-07-26 12:19:31 PM |
CrowdStrike's CEO George Kurtz reported that over 97% of Windows sensors were back online after a global IT outage. Semiconductor stocks, including Nvidia, Broadcom, Advanced Micro Devices, Qualcomm, and Micron Technology, rose more than 2% as the chipmaker space attempted to recover lost ground. Deckers Outdoors reported a fiscal first-quarter earnings and revenue beat, with earnings of $4.52 per share on revenue of $825 million.
TechCrowdStrike | Rating: 51 | 2024-07-26 12:19:31 PM |
Bristol Myers Squibb reported second-quarter earnings and revenue that topped expectations, raising its full-year guidance. The company raised its full-year revenue forecast to a low single-digit increase and its 2024 adjusted earnings guidance to 60 cents to 90 cents per share. Bristol Myers aims to cut $1.5 billion in costs by 2025 and reinvest that money into key drug brands.
BusinessBristol | Rating: 53 | 2024-07-26 11:09:42 AM |
The Dow Jones Industrial Average futures rose by 187 points, or 0.5%, as traders anticipated a reading of the Federal Reserve's preferred inflation gauge, the personal consumption expenditures price index. The index is expected to have grown by 0.1% on a monthly basis and by 2.5% from 12 months earlier. The reading will be released at 8:30 a.m. ET on Friday.
FinanceNone | Rating: 48 | 2024-07-26 10:49:30 AM |