New York Post

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.

In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. 

Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.

Stock market could drop 5% or more before end of 2024: Wall Street analyst warns

Berezin’s prediction hinges on the belief that the labor market will slow notably in coming months, which will weigh heavily on consumer spending...

US headed for a deep recession in near future as stocks could fall 30%, analyst warns

Nonfarm payrolls increased by 206,000 for the month, better than the 200,000 Dow Jones forecast though less than the downwardly revised gain of 218,000 in May. The unemployment rate unexpectedly climbed to 4.1%, tied for the highest level since October 2021. Average hourly earnings increased 0.3% for the month and...

U.S. economy added 206,000 jobs in June, unemployment rate rises to 4.1%

Wednesday features a one-two punch of news that starts in the morning with the pivotal consumer price index reading for May, and ends with the Fed's policy meeting in the afternoon. Economists expect CPI to show just a 0.1% increase from April, though that still would equate to an aggregate...

Fed meeting and inflation report both hit Wednesday, and the impact could be huge

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Record highs. The S&P 500 and the tech-heavy Nasdaq Composite closed...

CNBC Daily Open: Tesla powers S&P 500, Nasdaq to record highs

Treasury yields dropped on Friday as the latest U.S. jobs report showed an unexpected rise in the unemployment rate. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. Treasurys. The unemployment rate unexpectedly climbed to 4.1%, the highest level since October 2021. Economists expected the...

10-year Treasury yield falls after unemployment rate rises unexpectedly

Nestlé's CEO, Mark Schneider, tells CNBC's Silvia Amaro that the group's new line of meals intended for those on GLP-1 medication is a companion range, insisting Nestlé is "not the drug manufacturer."

Nestlé reveals new food line for those on weight-loss medication

Abigail Disney, an heiress to the Disney family fortune, plans to withhold donations to Democrats until Joe Biden drops out. Biden has said he has no plans to withdraw from the race. Gideon Stein said he's decided to pause planned donations of $3.5 million. President Joe Biden is facing an...

Disney heiress, wealthy Democratic donors say they won't finance the party until Joe Biden drops out

Do you think and speak in ways that mark you as being emotionally intelligent?. After spending more than 25 years researching and writing books about emotional intelligence, I know that you should hope the answer is yes. As I discuss in my most recent book "Optimal," being emotionally intelligent means...

If you always use these 12 phrases, you’re more emotionally intelligent than most

Virginia State

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Cheryl E Preston

Virginia fans of The Bold and the Beautiful are pretty much unified in their expectations of what will happen between Thomas Forrester (Matthew Atkinson) and Paris Buckingham (Diamond White), who recently announced their engagement.

The Bold and the Beautiful fans believe Thomas will dump Paris for Hope

Illinois State

Chicago, IL

Chicago Happenings

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

Nela Richardson, chief economist at ADP, joins CNBC's 'Squawk Box' to discuss ADP's June payroll report, signals about economic cooling, and more.

Payroll data shows 'concerning' concentrated job gains, says ADP's Nela Richardson

New Jersey State

You'll need to earn nearly $60,000 annually to live alone in Massachusetts, the most expensive state in the U.S. when it comes to basic costs, according to a recent SmartAsset analysis. That figure includes estimates for how much a single-person household needs to cover housing, transportation, health care, taxes and...

The 15 U.S. states with the highest cost of living for single people—No. 1 isn't California, New York or Hawaii

The Investment Committee discuss the latest Calls Of The Day.

Calls of the Day: Uber, Adobe, SLB, RTX

Top Democrats Nancy Pelosi and House Rep. Jim Clyburn said it is fair to raise concerns about President Joe Biden's fitness after he stumbled through his first debate with former President Donald Trump. Pelosi and Clyburn are some of the first high-profile Democrats to publicly validate recent anxieties about the...

Top Democrats Pelosi, Clyburn say Biden age concerns are 'legitimate' after debate

Fortune

Bank of America strategist Stephen Suttmeier says the S&P 500’s best performing 10-day period has started in July, going back to 1928.

Bank of America data shows today marks beginning of the S&P 500’s ‘strongest’ average 10-day period of the year…over 96 years

California State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Reuters

(Reuters) -Federal Reserve policymakers got more evidence of labor-market cooling on Friday that could boost their confidence they are winning their fight on inflation, and open the path to a more active debate on interest-rate cuts when they next meet in late July. The Labor Department's monthly report showed the unemployment rate rose in June to 4.1%, and big revisions to prior-month estimates of job creation meant the average monthly payroll gain over the most recent three months downshifted to 177,000.

Fed rate cut debate in view as U.S. job market cools

David Kelly, JPMorgan Asset Management chief global strategist, joins 'Squawk on the Street' to discuss his take on the recent move in the 2-year Treasury, how much yields factor in U.S. equity exposure, and much more.

Things are setting up for two rate cuts this year, says JPMorgan's David Kelly

Mark Fielding, head of European capital goods research at RBC Capital Markets, weighs in on the impact that the newly elected Labour government could have on stock markets.

House building sector to see most positive impact from Labour government, researcher says

As president, Trump called for the elimination of the Education Department's debt relief programs, including the popular Public Service Loan Forgiveness initiative, which benefits public employees such as members of the U.S. Armed Forces, first responders, public defenders, prosecutors and teachers. He also wanted to slash the department's budget, and...

Trump may roll back student loan forgiveness programs if elected to second term

NewsBreak

S&P 500 rises to a record as benchmark heads toward winning week: Live updates

The S&P 500's rally this year has grown to roughly 16%, with the benchmark on pace for its fourth positive week in the last five as...

S&P 500 rises to a record as benchmark heads toward winning week: Live updates

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