Markets and Business News Review

The Most Popular Official World Cup Songs

John Harrington — Fri, 02 Dec 2022 09:02:21 -0500

The World Cup has been held since 1930, but FIFA, the international soccer governing body, did not officially adopt songs or anthems commemorating the quadrennial soccer tournament until 1990.

Some of the world’s most recognizable artists have lent their talents to the songs celebrating the World Cup, among them Jennifer Lopez, Youssou N’Dour, Vangelis, Carlos Santana, and Nicki Minaj.

In the case of Ricky Martin, his song for the 1998 World Cup in France, “Cup of Life (La Copa de la Vida),” became a career-changer. Martin partnered with Desmond Child and Draco Rosa to write and produce the song. It charted in the Billboard Hot 100 in 1998 and he turned heads with his performance of the song at the 41st annual Grammy Awards. (Martin, a one-time member of Menudo, is among the solo artists who were more successful than their bands.)

Shakira is no stranger to major athletic events; she and Lopez were the halftime show performers at Super Bowl LIV in 2020. In 2010, her exuberant “Waka Waka (This Time for Africa)” that featured Afro-fusion band Freshlyground, was the anthem for the World Cup in South Africa. The song has 3.3 billion views on YouTube to date. It peaked at No. 38 on the Billboard Hot 100 chart on July 3, 2010 and has more than 603 million Spotify plays – more than twice as many as the next-highest song, which was “We Are One (Ole Ola)” by Pitbull featuring Jennifer Lopez and Claudia Leitte. (Here’s a roster of who performed at every Super Bowl’s halftime show.)

To determine the most popular World Cup songs, 24/7 Tempo reviewed data on Spotify activity for all official FIFA World Cup songs and anthems. Official songs and anthems were ranked by total Spotify plays as of November 30, 2022. Spotify data for “Gloryland” by Daryl Hall, the official song for the 1994 World Cup – held in nine venues across the U.S. – was not available.

Click here to see the most popular official World Cup songs

Five World Cup tournaments have had more than one song that celebrated the event. For the 2022 World Cup in Qatar, there are five songs.

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Hate Speech’s Rise on Twitter Under Elon Musk Is Unprecedented, Researchers Find

Sheera Frenkel and Kate Conger — Fri, 02 Dec 2022 09:00:13 -0500

Problematic content and formerly barred accounts have increased sharply in the short time since Elon Musk took over, researchers said.

Latinas Have Struggled to Build Savings, but a Younger Cohort Is Making Gains

Tammy La Gorce — Fri, 02 Dec 2022 09:00:12 -0500

As one of the longest-living yet lowest-earning groups in America, Hispanic women have challenges ensuring that their later years are secure. But things are changing.

Friday’s Top Upgrades and Downgrades: Costco, CrowdStrike, Gilead Sciences, Liberty Global, Salesforce, Sunrun, Synchrony and More

Lee Jackson — Fri, 02 Dec 2022 09:00:12 -0500

The futures traded lower as we get set to end a roller-coaster week that saw a huge rally Wednesday after the Fed Chair’s speech, and then the euphoria wore off Thursday and the sellers took advantage of the big gains over the past month. The major indexes closed mixed, with only the Nasdaq ending higher on Thursday after the ISM manufacturing data disappointed. While not erasing all this week’s gains, the closing print put a solid dent in the risk-on enthusiasm.

The biggest news Friday is the November jobs report, which came in above the estimates for 200,000 new jobs being added. This probably will reinforce the Federal Reserve’s “higher for longer” thesis, which basically assumes that when the terminal rate for federal funds is reached at 5.00% to 5.25%, that rate could stay in place well into 2024.

Treasury yields plummeted as buyers rushed in to buy maturities across the curve on the possibility of lower rate hikes, and traders perhaps sensing that a safe haven might be a place to be going forward. The yield on the benchmark 10-year note dropped to a stunning 3.53%, the lowest since late September. The inversion between the 10-year and the two-year yield remained in place as the latter closed at 4.24%.

Brent and West Texas Intermediate crude followed through on Wednesday’s rally that was ignited by a huge oil inventory draw, and both closed modestly higher. Analysts cited the $60 European Union price cap as one of the reasons for the move higher. Natural gas closed the day flat, while gold surged higher for the second day. Bitcoin closed down.

24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding fresh ideas for investors and traders alike. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. Consensus analyst target data is from Refinitiv.

These are the top analyst upgrades, downgrades and initiations seen on Friday, December 2, 2022.

ADT Inc. (NYSE: ADT): Citigroup resumed coverage on the home security giant with a Buy rating and an $11 target price. The consensus target is $9.80. Thursday’s close at $9.68 was almost 4% higher on the day.

BioXcel Therapeutics Inc. (NASDAQ: BTAI): Goldman Sachs raised its Sell rating to Neutral with a $16 target price. The consensus target is way up at $47.64. The stock closed Thursday at $17.97, up over 8% after Phase 3 data was announced for the Serenity III trials.

Box Inc. (NYSE: BOX): Oppenheimer reiterated an Outperform rating with a $35 target, higher than the $33.40 consensus target. Thursday’s close at $29.22 was up almost 7% on the day after the company beat estimates and revenue increased year over year.

24/7 Wall St.
Sell the Bear Market Rally Now and Buy These 7 Dividend-Paying Hard Asset Stocks

Consol Energy Inc. (NYSE: CEIX): Zacks selected this stock as its Bull of the Day. The analyst makes the case that with the coal industry under pressure, this miner has been “a diamond in the rough.” Shares last closed at $72.91, and the consensus target of $80.00 would be an all-time high.

Costco Wholesale Corp. (NASDAQ: COST): Oppenheimer reiterated an Outperform rating with a $550 target price. The consensus target is $562.93. Thursday’s close at $503.86 was down close to 7% due to weak November sales data.

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Actively Managed Mutual Funds Consistently Fail to Beat Markets, Study Finds

Jeff Sommer — Fri, 02 Dec 2022 09:00:07 -0500

No actively managed stock or bond funds outperformed the market convincingly and regularly over the last five years. Index funds have generally been better.

Wall Street stock futures slide after robust US jobs report

Fri, 02 Dec 2022 08:50:05 -0500

Dollar jumps as economy adds more jobs than forecast in November

Florida May End Tax Fight With Disney, Thanks to Bob Iger

Fri, 02 Dec 2022 08:46:56 -0500

Florida lawmakers are reportedly working to resolve their political fight with Disney, just days after Mr. Iger returned as the entertainment giant’s chief executive.

Elon Musk: distracted by Twitter, on Twitter

Fri, 02 Dec 2022 08:40:22 -0500

Tesla investors should be wary of social media giant’s ability to monopolise entrepreneur’s attention

NFL Thursday Night Football live tracker: Patriots host Bills in big AFC East clash - Yahoo Sports

Fri, 02 Dec 2022 08:30:12 -0500

Venture capital trusts: overpriced or time to buy?

Fri, 02 Dec 2022 08:25:32 -0500

More than £440mn has been raised by VCTs since the start of the tax year

What to know about Cochise supervisors who defied Arizona election law - The Arizona Republic

Fri, 02 Dec 2022 08:19:24 -0500

What to know about Cochise supervisors who defied Arizona election law The Arizona Republic
Rural Arizona county certifies midterm election results after judge's order CNN
Cochise County certifies election results as attorneys for Kari Lake and Mark Finchem are sanctioned The Washington Post
Arizona election deniers had a no good, very bad day The Arizona Republic
Judge orders rural Arizona county to certify midterm election results CNN
View Full Coverage on Google News

Is There A Better Pick Over PepsiCo Stock?

Fri, 02 Dec 2022 08:00:26 -0500

We think that PepsiCo stock (NYSE: PEP) and Colgate-Palmolive stock (NYSE: CL) in the consumer defensive sector will likely give similar returns over the next three years.

Cryptofinance: Bitcoin meets mainstream rejection

Fri, 02 Dec 2022 08:00:20 -0500

Plus, updates on one embarrassed FTX bull

How Travis Kelce And Jason Kelce’s New Heights Podcast Comes Together

Jeff Fedotin, Contributor https://www.forbes.com/sites/jefffedotin/ — Fri, 02 Dec 2022 08:00:00 -0500

The brothers, who are NFL stars, are enjoying their new venture in podcasting, and the new show has been a ratings success.

Underdog USMNT Winning Over Fans At 2022 World Cup

Michael LoRé, Contributor https://www.forbes.com/sites/michaellore/ — Fri, 02 Dec 2022 08:00:00 -0500

With an average of 11.71 million fans on Fox and Fox Sports streaming services per match, this year's group stage was the most-watched USMNT World Cup group stage ever on U.S. English-language television.

Tesla Stock Advances After Long Awaited Semi Truck Reveal | Investor's Business Daily - Investor's Business Daily

Fri, 02 Dec 2022 07:58:00 -0500

Tesla Stock Advances After Long Awaited Semi Truck Reveal | Investor's Business Daily Investor's Business Daily
Tesla Semi driving 500 miles, fully loaded, on a single charge Tesla
Tesla delivers its first electric Semi trucks promising 500 miles of range CNN
Tesla CEO Elon Musk kicks off first Semi truck deliveries CNBC
Watch Elon Musk's Deep Dive Into the New Tesla Semi-Truck CNET Highlights
View Full Coverage on Google News

Intel staff in Ireland offered three months unpaid leave

Fri, 02 Dec 2022 07:51:52 -0500

US chipmaker aims to slash costs by $3bn next year amid a sharp industry downturn

HIV vaccine candidate induces immune response in early clinical trial: 'An important step forward' - CNN

Fri, 02 Dec 2022 07:45:00 -0500

AIM Stocks Round-Up: Premier Miton, Ben’s Creek, Mind Gym

Royston Wild, Contributor https://www.forbes.com/sites/roystonwild/ — Fri, 02 Dec 2022 07:42:07 -0500

Here are some of the key stories from London's AIM index in end-of-week trading.

Watchdog warns firms over CFD mis-selling risks

Fri, 02 Dec 2022 07:42:02 -0500

Market turmoil increases dangers in highly-leveraged products

From The Screen To The Corner Office: What's Happening With The Gender Disparity In Hollywood?

Josh Wilson, Contributor https://www.forbes.com/sites/joshwilson/ — Fri, 02 Dec 2022 07:40:05 -0500

The movement for gender inclusion has come a long way with women occupying strategic positions of authority across different industries. But you get a sense that there's still a lot to be done.

Zelensky Wants to Ban Religious Groups with Links to Moscow: Live Updates - The New York Times

Fri, 02 Dec 2022 07:17:31 -0500

Zelensky Wants to Ban Religious Groups with Links to Moscow: Live Updates The New York Times
Ukraine bans religious organizations with links to Russia The Washington Post
Ukraine to Limit Moscow-Linked Religious Groups: Zelensky The Moscow Times
Ukraine seeks ban on churches 'affiliated' with Russia Reuters
Ukraine Officials Press to Ban Russian-Affiliated Religious Sects: Zelensky Newsweek
View Full Coverage on Google News

Sell the Bear Market Rally Now and Buy These 7 Dividend-Paying Hard Asset Stocks

Lee Jackson — Fri, 02 Dec 2022 07:15:29 -0500

After a furious rally Wednesday that saw the beleaguered Nasdaq post a stunning 4.4% gain, giddy stock investors pushed all the major indexes higher after Federal Reserve Chair Jerome Powell told the world what many already knew: rate hikes will be lower going forward. With the December increase almost guaranteed to drop to 50 basis points, that will take the federal funds rate to 4.25% to 4.50%. While that is much higher than this time last year, it is a guarantee it will go higher still.

While investors are hopeful that Thursday’s gigantic rally is the beginning of a new bull market, the reality is that layoffs are accelerating, inflation is still sky-high and, most importantly, the year-long interest rate increases will continue in the first quarter. When the terminal target is reached, it is likely to be in the 5.00% to 5.25% range.

Powell has made it clear that when the terminal rate level is attained, it will remain, as the mantra goes, “higher for longer.” That means any cut in the federal funds rate is unlikely until 2024, and importantly, the effect of interest rate increases is always lagging, so they will really start to be felt the next year.

We think it is smart to sell this likely bear market rally and use the proceeds to buy stocks that pay good dividends and can act as a hedge against further downside. That means hard assets. We screened our 24/7 Wall St. research database and found seven top stocks that are Buy rated, come with those good dividends and look well situated if the selling returns. It is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.

ADM

This is a very solid play for rocky markets and is offering a very reasonable entry point. Archer Daniels Midland Co. (NYSE: ADM) processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments.

The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing and further processing of oilseeds, such as soybeans, and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed, into vegetable oils and protein meals.

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The Carbohydrate Solutions segment engages in corn wet milling and dry milling activities. It also converts corn into sweeteners, starches and bioproducts. Lastly, the Nutrition segment provides customer needs for food, beverages, health and wellness, and more.

Archer Daniels Midland stock investors receive a 1.66% dividend. Wolfe Research’s $117 price objective compares to a $100.08 consensus target and the most recent close at $96.43 a share.

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Bankman-Fried’s hedge fund took big hit to prop up FTX exchange

Fri, 02 Dec 2022 07:12:04 -0500

Alameda Research sustained up to $1bn loss last year when client’s trade on obscure token went sour

Luis Enrique oblivious to team's peril during Spain's 'collapse' against Japan - The Guardian

Fri, 02 Dec 2022 07:10:00 -0500

Luis Enrique oblivious to team's peril during Spain's 'collapse' against Japan The Guardian
World Cup 2022: Why Japan’s controversial goal vs. Spain stood despite appearing to go out of play Yahoo Sports
Opinion: Germany no longer an elite team DW (English)
Costa Rica vs. Germany Highlights | 2022 FIFA World Cup FOX Soccer
Schweinsteiger thinks Rüdiger the only defender matching the level of German national team Telecom Asia
View Full Coverage on Google News

Putin is open to talks and diplomacy on Ukraine, Kremlin says - Reuters

Fri, 02 Dec 2022 07:01:00 -0500

Investors launch new initiative to target the ‘S’ in ESG

Fri, 02 Dec 2022 07:00:52 -0500

Plus, what locust swarms have to do with climate finance

What’s Driving The Growth For Union Pacific Stock?

Fri, 02 Dec 2022 07:00:28 -0500

Despite a 14% fall year-to-date, we believe Union Pacific stock (NYSE: UNP) has little room for growth.

3 Worthy Candidates Define Dignity In Upcoming Baseball Hall Of Fame Election

Fri, 02 Dec 2022 07:00:00 -0500

3 candidates on the Contemporary Baseball Era Players ballot are the epitome of dignity as Hall of Fame seeks relevance and fan engagement.

Costco Reports November 2022 Sales

Walter Loeb, Senior Contributor https://www.forbes.com/sites/walterloeb/ — Fri, 02 Dec 2022 07:00:00 -0500

Costco reported November sales that were below expectations.

UK financial regulator warns insurers over unfair payouts

Fri, 02 Dec 2022 06:50:20 -0500

Financial Conduct Authority says it has seen evidence that cars are being undervalued

OPEC+ Faces A Glut Of Uncertainty

Michael Lynch, Senior Contributor https://www.forbes.com/sites/michaellynch/ — Fri, 02 Dec 2022 06:46:52 -0500

Uncertainty about Chinese covid policy and oil demand are only one element challenging OPEC+'s efforts to determine appropriate quotas.

Guy Ritchie and glamorous wife Jacqui Ainsley attend the The Red Sea International Film Festival - Daily Mail

Fri, 02 Dec 2022 06:42:16 -0500

McDonald’s Wants People to Eat Faster

Douglas A. McIntyre — Fri, 02 Dec 2022 06:31:54 -0500

McDonald’s is the oldest of America’s large food chains. It claims to have sold a million burgers, then 100 million, then a billion, and the total has run higher. It also distinguishes itself as an early adopter of drive-thru food pickups and 24-hour service. Next is McDonald’s new plan for customers to grab its food even faster. In a world where speed of service and price are critical, McDonald’s has jumped out in front of its competitors once more. It has created a line of services to help speed the customers from ordering to eating.

The latest McDonald’s initiative is on display at one of its locations in Texas. Among the new features is a conveyer belt in drive-thru lanes to cut people’s time to get their orders. This new location is smaller. Its design assumes people want to take their orders somewhere outside the restaurant to eat. Some parking areas are just for people who want to pick up their orders. Another bit of technology allows workers to prepare orders when customers are further from the restaurants, as was the case in the past.

The new restaurants are an admission that McDonald’s should have acknowledged years ago. People have been picking up orders for decades. The process could be onerous, hampered by long lines and slow service. Likely, some customers went elsewhere because they believed service would be faster.

McDonald’s is shoving the dagger into the competition, already wrestling with revenue challenges. First is Subway, which many fast-food industry experts believe would overtake McDonald’s. Another was Burger King, which appears to have fallen off the map. Chipotle is a good deal smaller. Chicken places like KFC and Chick-fil-A have done better. So have pizza leaders, led by Pizza Hut.

ALSO READ: America’s Most Famous Company Slogans

The fast-food industry has been a war zone for years, and McDonald’s just added more ammunition.

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Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Elon Musk’s Twitter Antics Are Tarnishing Tesla – Just As Its EV Rivals Are Catching Up

Alan Ohnsman, Forbes Staff https://www.forbes.com/sites/alanohnsman/ — Fri, 02 Dec 2022 06:30:00 -0500

“I think if you're a senior leader at Tesla, you're praying and hoping that either Elon changes focus or gets off this Twitter thing.”

Here’s When ‘Fortnite’ Chapter 3, Season 4 Ends And Chapter 4, Season 1 Begins

Erik Kain, Senior Contributor https://www.forbes.com/sites/erikkain/ — Fri, 02 Dec 2022 06:30:00 -0500

Here's everything you need to know about Fortnite Chapter 4 Season 1.

Inside The NFL’s Fight Over Fully Guaranteed Player Contracts Like Deshaun Watson’s

Jabari Young, Forbes Staff https://www.forbes.com/sites/jabariyoung/ — Fri, 02 Dec 2022 06:30:00 -0500

How big is the guaranteed money in the contract the Cleveland Browns gave quarterback Deshaun Watson? Big enough to threaten the balance of financial power in the National Football League.

Tyson Should Fire CFO Tyson

Douglas A. McIntyre — Fri, 02 Dec 2022 06:19:46 -0500

Tyson Foods Chief Financial Officer John R. Tyson ended up in a strange place recently. He was asleep in a house that was not his. Reportedly, he was so drunk he was barely responsive when the police arrived. It is hard to walk into a random stranger’s house and find a bed. At most companies, it would be harder to keep one’s job.

However, John R. Tyson’s father is John H. Tyson, current board chair and past chief executive officer of the public corporation. He has shielded John R. Tyson from investor complaints about an alleged wandering drunk. At a company controlled by the Tyson family, John R. Tyson may someday become CEO. Instead, he should lose his job, and its board should show investors they cannot be entirely bullied by the founding family.

John R. Tyson pled not guilty to the charges. Experts believe this could keep him out of jail and avoid a felony conviction. According to The Wall Street Journal, his lawyers have gained time to negotiate with prosecutors. What is there to argue about? The action makes the prosecutors appear weak.

Investors are rightly concerned about public corporations controlled by one family or person. Among these are the New York Times, Ford and Meta Platforms (owner of Facebook). Poor decisions have no consequences. Bad management is rewarded as family members continue to get high compensation.

24/7 Wall St.
America’s Most Famous Company Slogans

The one criticism of the shareholders in these companies is that they should know better. They buy the stocks with the understanding management can dodge poor decisions and worst performance. Their only appeal is to decency. The Tyson family has decided it won’t even give shareholders that.

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USA Vs. Netherlands World Cup 2022: 5 Things To Know And A Prediction

Robert Kidd, Senior Contributor https://www.forbes.com/sites/robertkidd/ — Fri, 02 Dec 2022 06:18:54 -0500

From the state of the current Dutch squad to the key player fighting to play, here’s what you need to know about the match on Dec. 3.

Is Discover Financial Stock Attractive At The Current Levels?

Fri, 02 Dec 2022 06:00:04 -0500

Discover Financial stock (NYSE: DFS) has lost roughly 6% YTD, as compared to the 14% drop in the S&P500 over the same period.

It's Time To Get Rid Of The CDC As We Know It

Steve Forbes, Forbes Staff https://www.forbes.com/sites/steveforbes/ — Fri, 02 Dec 2022 06:00:00 -0500

Here’s how to drastically and positively reform the CDC, a lethally troubled agency.

CNN Poll: Warnock holds a narrow edge over Walker in final undecided Senate contest - CNN

Fri, 02 Dec 2022 06:00:00 -0500

CNN Poll: Warnock holds a narrow edge over Walker in final undecided Senate contest CNN
Early Voting Ramps Up Ahead Of Georgia's Senate Runoff Election NBC News
Friday last day for early voting in Ga. WTOC
Why Warnock-Walker runoff for Georgia Senate still matters 23 ABC News | KERO
Only voters allowed at Fulton libraries, senior center on Friday The Atlanta Journal Constitution
View Full Coverage on Google News

Kremlin says Putin open to talks; Zelenskyy aide says up to 13,000 Ukrainian soldiers killed in war - CNBC

Fri, 02 Dec 2022 05:54:00 -0500

Elon Musk suspends Kanye West from Twitter for inciting violence - BBC

Fri, 02 Dec 2022 05:41:48 -0500

Pentagon debuts its new stealth bomber, the B-21 Raider - ABC News

Fri, 02 Dec 2022 05:37:04 -0500

Pentagon debuts its new stealth bomber, the B-21 Raider ABC News
Air Force set to unveil newest stealth bomber aircraft Friday CNN
US New Bomber | PA Power and Policy | lancasteronline.com LNP | LancasterOnline
What we know about new US B-21 stealth bomber, first in 30 years Al Jazeera English
Northrop Grumman set to unveil B-21 nuclear bomber for U.S. Air Force Reuters
View Full Coverage on Google News

Why the jobs report still matters to investors: Morning Brief - Yahoo Finance

Fri, 02 Dec 2022 05:31:00 -0500

Germany out of World Cup despite 4-2 win over Costa Rica - The Associated Press - en Español

Fri, 02 Dec 2022 05:26:34 -0500

Germany out of World Cup despite 4-2 win over Costa Rica The Associated Press - en Español
World Cup 2022: Why Japan’s controversial goal vs. Spain stood despite appearing to go out of play Yahoo Sports
Opinion: Germany no longer an elite team DW (English)
Costa Rica vs. Germany Highlights | 2022 FIFA World Cup FOX Soccer
No grand farewell for ageing Costa Rica Reuters
View Full Coverage on Google News

OPEC and Russia to Meet as Global Forces Weigh on Oil Market

Stanley Reed — Fri, 02 Dec 2022 05:25:57 -0500

As the West moves to intercede in oil trading, OPEC Plus, led by Saudi Arabia, is expected to protect its own interests.

Elon Musk Suspends Kanye West On Twitter For ‘Incitement To Violence’ After Swastika Post

Robert Hart, Forbes Staff https://www.forbes.com/sites/roberthart/ — Fri, 02 Dec 2022 05:23:23 -0500

Musk, who has vowed to make Twitter a haven for free speech and welcomed West back to the platform weeks ago, said the rapper violated rules against inciting violence multiple times.

China fines former NBA star Lin over quarantine comments - ABC News

Fri, 02 Dec 2022 05:18:45 -0500

China fines former NBA star Lin over quarantine comments ABC NewsView Full Coverage on Google News