Midday movers: Bristol-Myers, 3M and Deckers rise; Dexcom falls

Yahoo Finance Video
Fed should not be in a hurry to cut rates: Stifel's Bannister
The Dow Jones Industrial Average (^DJI) capped Thursday's session with another all-time high for the index this week. Stifel chief equity strategist Barry Bannister joins Market Domination Overtime to discuss his biggest takeaways from this earnings season and his outlook for the market. Bannister's biggest takeaway boils down to the Federal Reserve's interest rate cuts: "The no landing scenario looks like a pretty strong one now, and it certainly renders the question of whether the Fed should cut rates in 2025 at all. The financials (XLF), particularly, and their results tell us that." He believes the Fed could cut by 25 basis points at the next two meetings of the year. However, once rates fall to 4.25%, he believes the Fed can pause its cutting cycle, arguing, "Clearly, they're underestimating the growth potential of the economy." "Granted, there's going to be an adjustment up over time as rates reset to the higher level. But maintain them for a while until the reset occurs and then cut rates. But don't just be in a hurry to cut rates," Bannister continues. He believes markets (^DJI, ^IXIC, ^GSPC) should be taking out some of the rate cuts that have already been priced in. He explains that this move would probably cause a pullback in the market, which he believes "is not entirely an unhealthy thing." "We're in a very frothy market. And you know, John Templeton once said that bull markets are born on pessimism and grow on skepticism, mature on optimism, and die on euphoria. We've crossed out of optimism. We're already in this kind of euphoria now," he concludes. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Melanie Riehl
CNW Group
QCTH-Blais Class Action against the Tobacco Companies : A plan of arrangement allowing compensation to be paid to tobacco victims has finally been filed
The Quebec Council on Tobacco and Health (QCTH) announces the filing of a proposed plan of arrangement for the Tobacco Companies under the Companies' Creditors Arrangement Act (CCAA). More than 25 years after a class action was filed against the three (3) major Canadian tobacco manufacturers for the harm they caused, and almost 10 years after a historic victory for Quebec's 100,000 smoking victims, the plan will, if approved, enable the distribution of substantial financial compensation to victi
Yahoo Canada Style
'Ontario's reached a turning point': Adults living with major illness in the province to double by 2040, study warns
Ontario's health-care system may see major strains over the next two decades as millions more adults get major illnesses, a new study suggests.
BBC
Netflix hikes prices in some countries as growth fades
Netflix announces some price hikes, as growth from password sharing crackdown starts to fade.
The Canadian Press
One Direction were the internet's first boy band, and Liam Payne its grounding force
Liam Payne's voice is the first one heard in the culture-shifting boy band One Direction's debut single: “What Makes You Beautiful” launches into a bouncy guitar riff, a cheeky and borderline gratuitous cowbell and then, Payne.
The Canadian Press
Netflix's subscriber growth slows as gains from password-sharing crackdown subside
Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.
Associated Press
What to know about red tide after Florida's back-to-back hurricanes
Residents of Florida’s Gulf Coast who weathered back-to-back hurricanes now have something else to keep an eye on -– a possible plume of harmful algae in the waters off the state’s southwest coast. Satellite imagery shows a bloom of algae extending along Florida's western coastline near Tampa, though researchers caution that Hurricanes Helene and Milton have delayed regular sampling to confirm the findings. Federal officials say there is currently “no risk of respiratory irritation” from red tide in Florida.
allrecipes
Our Most-Requested Recipe Tool Is Finally Here—And It’s Going to Make Dinner So Much Easier
You asked, we answered.
Business Wire
iShares® iBonds® ETFs Near Final Distribution Dates
NEW YORK, October 17, 2024--BlackRock announced today the planned termination of three 2024 iShares iBonds ETFs which possess the following timelines for trading, net-asset value (NAV) calculation and expected liquidation:
CNW Group
QAI launches Quantum Computing Courses with $1 million grant from the National Security Consortium (NCC)
The Quantum Algorithms Institute (QAI) has been awarded an up to $1 million grant by the National Cybersecurity Consortium for its training resources in the commercial quantum computing space.
Associated Press
Oregon Elections Division shuts down phone lines after barrage of calls prompted by false claims
The Oregon Secretary of State Elections Division on Thursday shut down its phone lines following a barrage of calls from people responding to false claims that the state's voters pamphlet does not include Republican nominee Donald Trump. The voter's pamphlet does list the former president as a candidate and notes that he declined to provide a statement about why people should vote for him. Trump will appear on the state's ballot.
BBC
One Direction share 'devastation' at loss of band member Liam Payne
Stars including Rita Ora pay tribute to the former One Direction star after his death in Argentina.
Insider Monkey
Is Essential Utilities (WTRG) the Best High Growth Utility Stock To Invest In?
We recently compiled a list of 10 High Growth Utility Stocks To Invest In. In this article, we will look at where Essential Utilities (NYSE:WTRG) ranks among the high growth utility stocks to invest in. According to a report by Goldman Sachs Research, the US electricity demand is set to surge in the coming years, […]
Business Wire
Jury Awards Propel Fuels $604.9 Million for Trade Secret Misappropriation by Phillips 66
SACRAMENTO, Calif., October 17, 2024--Propel Fuels, Inc. ("Propel"), a leading retailer of low-carbon fuels at stations throughout California, was awarded victory by a jury in its trade secrets misappropriation case against Phillips 66 Company ("Phillips 66"), following a five-week trial in the Superior Court of California, County of Alameda, located in Oakland, California.
Insider Monkey
Is New Fortress Energy (NFE) the Best High Growth Utility Stock To Invest In?
We recently compiled a list of 10 High Growth Utility Stocks To Invest In. In this article, we will look at where New Fortress Energy (NASDAQ:NFE) ranks among the high growth utility stocks to invest in. According to a report by Goldman Sachs Research, the US electricity demand is set to surge in the coming […]
WLKY - Louisville Videos
Louisville Zoo welcomes new rare bearcat Bianca
Louisville Zoo welcomes new rare bearcat Bianca
The Canadian Press
Browns announce plans to move from their lakefront stadium since 1999 to dome in the suburbs
CLEVELAND (AP) — The Browns are moving out of their lakefront home.
The Canadian Press
South Carolina man gets life in prison in killing of Black transgender woman
COLUMBIA, S.C. (AP) — A South Carolina man was sentenced to life in federal prison Thursday in the killing of a Black transgender woman after the exposure of their secret sexual relationship.
90min Articles
FC Twente 1-3 Chelsea: Player ratings as Blues extend Champions League winning streak
Chelsea continued their impressive unbeaten run with a comfortable 3-1 win over FC Twente in their second UEFA Women's Champions League group stage match. Sonia Bompastor has taken to her new role as ...
GlobeNewswire
b1BANK Promotes Jerry Vascocu to President
Jerry Vascocu Jerry Vascocu, President, b1BANK BATON ROUGE, La., Oct. 17, 2024 (GLOBE NEWSWIRE) -- b1BANK, the banking subsidiary of Business First Bancshares, Inc. (Nasdaq: BFST), announced today that N. Jerome “Jerry” Vascocu Jr. will be the bank’s new president, reporting to Jude Melville, who will retain the title of chairman and CEO. Vascocu, who joined b1BANK in 2022 as chief administrative officer, oversees the coordination of banking, operations, risk and credit functions for the bank. H

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DOW EXTENDS CLIMB TO FRESH RECORD AS CHIPS JUMP

Midday movers: Bristol-Myers, 3M and Deckers rise; Dexcom falls

Latest Stories

Fed should not be in a hurry to cut rates: Stifel's Bannister

QCTH-Blais Class Action against the Tobacco Companies : A plan of arrangement allowing compensation to be paid to tobacco victims has finally been filed

'Ontario's reached a turning point': Adults living with major illness in the province to double by 2040, study warns

Netflix hikes prices in some countries as growth fades

One Direction were the internet's first boy band, and Liam Payne its grounding force

Netflix's subscriber growth slows as gains from password-sharing crackdown subside

What to know about red tide after Florida's back-to-back hurricanes

Our Most-Requested Recipe Tool Is Finally Here—And It’s Going to Make Dinner So Much Easier

iShares® iBonds® ETFs Near Final Distribution Dates

QAI launches Quantum Computing Courses with $1 million grant from the National Security Consortium (NCC)

Oregon Elections Division shuts down phone lines after barrage of calls prompted by false claims

One Direction share 'devastation' at loss of band member Liam Payne

Is Essential Utilities (WTRG) the Best High Growth Utility Stock To Invest In?

Jury Awards Propel Fuels $604.9 Million for Trade Secret Misappropriation by Phillips 66

Is New Fortress Energy (NFE) the Best High Growth Utility Stock To Invest In?

Louisville Zoo welcomes new rare bearcat Bianca

Browns announce plans to move from their lakefront stadium since 1999 to dome in the suburbs

South Carolina man gets life in prison in killing of Black transgender woman

FC Twente 1-3 Chelsea: Player ratings as Blues extend Champions League winning streak

b1BANK Promotes Jerry Vascocu to President