The Daily

The jobs report that came out at the beginning of October was a big wake up call for interest rates.  Up until then, the prevailing belief was that the labor market was progressively softening and perhaps at risk of softening too quickly.  The Federal Reserve had singled out the jobs market as an indicator that would dictate the pace of the rate cut cycle that had begun just 2 weeks earlier.  

 » Read more about: Economic Data Keeping Pressure on Mortgage Rates  »

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 » Read more about: NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Tests New Highs As Cadence Design Systems Soars 12.8%  »

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs,

 » Read more about: Is Intel Corporation (INTC) The Worst Performing S&P 500 Stock In 2024?  »

Kamala Harris should have a cakewalk to the Oval Office. At least, that’s what the stock market says. It’s surged to record highs since the vice president entered the race in July, which has historically been very good news for incumbent candidates.

In reality,

 » Read more about: The stock market points to a win for Kamala Harris—unless it’s 1968 or 1980 all over again  »

Ohio Governor Mike DeWine and Lt. Governor Jon Husted Monday announced the approval of six projects that will create 415 new jobs and retain 1,118 jobs statewide. 

During its monthly meeting, the Ohio Tax Credit Authority (TCA) reviewed economic development proposals brought to the board by JobsOhio and its regional partners. The projects are expected to result in nearly $24 million in new payroll and spur nearly $1.1 billion in investments across Ohio.

 » Read more about: New projects expected to create 415 jobs, nearly $1.1 billion in investments  »

Provident Financial Services in Iselin, New Jersey, said loan growth proved challenging through the third quarter as it worked to integrate a major acquisition and borrower demand remained soft.

However, the $24 billion-asset bank said it completed the conversion of its Lakeland Bancorp acquisition in September — the same month that the Federal Reserve cut its benchmark interest rate by 50 basis points and signaled more reductions could follow.

 » Read more about: Why Provident in N.J. is bullish on loan growth  »

• Wall Street analysts expect Amazon to deliver an earnings beat when it reports quarterly results on Thursday
• Expanding growth in Amazon’s cloud platform is a bullish driver, analysts said.
• Yet, slowing consumer spending and investments by the company in other areas could be headwinds.

 » Read more about: Wall Street is bullish on Amazon earnings despite uncertainty around consumer spending, rising investment costs  »

• Apple is set to report fiscal fourth-quarter earnings results after the market close on Wednesday.
• Wall Street anticipates $94.36 billion in revenue and adjusted earnings per share of $1.60.
• Analysts predict mixed results and want to see if AI features will boost future iPhone demand.

 » Read more about: Wall Street is eager to see some sign that AI is driving iPhone demand in Apple's latest earnings report  »

Atlantans with disabilities say that traversing the city’s sidewalks and roadways is a daily struggle — particularly in low-income and minority neighborhoods where there has historically been less infrastructure investment.

After Atlanta City Council approved $120 million in bonds for downtown street improvements ahead of the FIFA World Cup, advocates are urging more money be spent to improve sidewalks across city neighborhoods.

 » Read more about: Advocates for people with disabilities urge Atlanta to invest citywide  »

NEW YORK — U.S. stock indexes are wavering Wednesday following a strong profit report from Google’s parent company, while drops for Eli Lilly and others are keeping Wall Street in check.

The S&P 500 was 0.2% lower in afternoon trading after drifting between small gains and losses,

 » Read more about: Global stocks mostly lower after Big Tech stocks push Nasdaq to record high  »