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The S & P 500 will serve up a minuscule return over the next decade that falls far short of the booming gains from the last decade, forecasts Goldman Sachs' equity strategy team, citing today's high concentration in just a few stocks and a lofty starting valuation. The broad market index will produce an annualized nominal total return of just 3% the next 10 years, according to the team led by David Kostin, which would rank in just the 7th percentile of 10-year returns since 1930. The S & P 500 returned 13% annually the last 10 years, above the long-term average of 11%, according to Goldman. Goldman's bearish long-term forecast comes just as the S & P 500 has entered the third year of a bull market, garnering a 27% annual total return the last two years. Investors are extremely ...

Google Gemini, the flagship generative AI from Alphabet, is is being tapped by Honeywell to provide insights across the industrial giant's massive data set that can lead to reduced maintenance costs, increased productivity and opportunities to upskill employees. "The path to autonomy requires assets working harder, people working smarter and processes working  more efficiently," said Vimal Kapur, Honeywell CEO, in a statement announcing the collaboration, which will begin offering gen AI insights to industrial clients in 2025.Kapur recently told CNBC that the biggest problems AI can solve in an industrial context start with a generational labor shortage, with declining birth rates in the industrialized world resulting in less available workers to do jobs that were popular 25 years ago. "Ev...

Here are the most important news items that investors need to start their trading day:1. Can stocks keep rising?U.S. stocks have carved out a winning streak. The S&P 500 and Dow Jones Industrial Average have posted six straight positive weeks. Both indexes closed at record highs on Friday. A busy week of earnings, along with the approaching presidential election, will help to determine where stocks go in the days ahead. Follow live market updates.2. Earnings in transitModel Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via ReutersEarnings season is picking up, as about one-fifth of the S&P 500 will post results this week. With 14% of the S&P reporting as of Friday, bo...

Chris Larsen, co-founder and chairman of Ripple, contributed nearly $9.9 million to Future Forward in September, in addition to more than $800,000 to the Harris Victory Fund, according to FEC data compiled by the Breadcrumbs crypto market and blockchain analyst James Delmore and independently verified by CNBC.Including Larsen's August contribution of $1 million worth of XRP tokens, the billionaire has given more than $11.8 million to PACs supporting the Harris campaign, making him one of the crypto industry's largest individual donors this cycle.Larsen, who's backed candidates across the aisle the last few years, told CNBC in an interview that his comfort level with Harris comes from conversations he's had with people inside the campaign and what he's seen from the vice president since she...

Republican presidential nominee, former U.S. President Donald Trump delivers remarks during a campaign rally at the Cobb Energy Performing Arts Centre on October 15, 2024 in Atlanta, Georgia. Kevin Dietsch | Getty Images News | Getty ImagesFive men who were wrongfully convicted as teenagers in the so-called Central Park Five jogger rape case sued Donald Trump on Monday, saying the Republican presidential nominee defamed them by falsely claiming they killed someone and pleaded guilty.The lawsuit, filed in federal court in Philadelphia, cites several statements Trump made about the men during his Sept. 10 debate with Democratic nominee Kamala Harris, after she blasted Trump for taking out an ad in 1989 calling for the then-teen defendants to be executed."Defendant Trump falsely stated [at th...