Why low S&P 500 sector correlations are welcome signs for 2023 bull market, according to DataTrek
U.S. stocks remain in a strong bull market despite recent choppiness, as the correlations between 11 S&P 500 sectors and the major index are sending some positive signs, according to DataTrek Research. The S&P 500’s sector correlations to the large-cap index have been below the average since mid-April, which means investors are more focused on […]
Cannabis ETFs rise after HHS recommendation on marijuana
An employee of Aurora Deutschland GmbH, a manufacturer of medical Cannabis products, inspects a flowering Cannabis plant in a greenhouse in Leuna, Germany September 11, 2023. Lisi Niesner | Reuters Marijuana-related ETFs are soaring in September as investors flood back into the sector after months of waning interest. The upswing in the funds, the most […]
Target strikes deal with jeweler Kendra Scott
Shoppers will soon see jewelry designed by Kendra Scott at about 150 Target stores. Most of the items will be under $40. Target Target said Tuesday that it has struck a deal with jeweler Kendra Scott to carry exclusive collections of earrings, bracelets and more, as it looks to get its sparkle back ahead of […]
Cuddling babies in intensive care: Volunteers are part of ‘an amazing process’
Irv Williams first got to know the NICU, or neonatal intensive care unit, eight years ago when his grandson needed to spend time there as a newborn. Now Williams volunteers alongside the devoted caregivers who helped his grandson at the Barbara Bush Children’s Hospital at Maine Medical Center in Portland, Maine. His job: spending time […]
Cuddling babies in intensive care: Volunteers are part of ‘an amazing process’
Irv Williams first got to know the NICU, or neonatal intensive care unit, eight years ago when his grandson needed to spend time there as a newborn. Now Williams volunteers alongside the devoted caregivers who helped his grandson at the Barbara Bush Children’s Hospital at Maine Medical Center in Portland, Maine. His job: spending time […]
Macy’s chain Bloomingdale’s taps Olivier Bron as its next CEO
Shoppers walk past a Bloomingdale’s store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022. Victor J. Blue | Bloomberg | Getty Images Macy’s said Tuesday that it has tapped international retail executive Olivier Bron as the next CEO of its upscale department store, Bloomingdale’s. Bron will succeed Tony Spring. A […]
Hedge funds have bailed on the U.S. consumer in a big way, Goldman Sachs data finds
Hedge funds are betting that the U.S. consumer is in for a difficult ride. Data from Goldman Sachs’s prime lending finds that hedge funds over the last month have moved into consumer staples while selling consumer discretionary stocks. According to the bank, short sales have outpaced long buys by a 1.4-to-1 ratio, led by increased […]
Huge mistake to think economy will boom for years
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, US, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon said Monday that while the U.S. economy is doing well, it […]
Warning for first-time homebuyers: Avoid this costly, 11th-hour mistake when buying a house
First-time home buyers may be overwhelmed with the process of buying a home, but research shows that many are making a costly mistake when it comes to taking on a mortgage. Before taking on a mortgage, many home buyers should research different rates for the mortgage they want, rather than taking one suggested by their […]
McDonald’s to start focus groups with owners as part of civil rights audit
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC McDonald’s will begin virtual focus groups with some owners and operators as a part of an ongoing civil rights audit, according to a message to franchisees viewed by CNBC. The fast food giant retained WilmerHale law firm to conduct the […]
