The Street
  • 6 months ago
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why people who take multivitamins aren’t getting what they expect from them.

Category

🥇
Sports
Transcript
00:00I'm Conway Gittins reporting from the New York Stock Exchange, here's what we're watching
00:03on the street today.
00:05Investors are digesting another round of quarterly results, this time from Nike, Micron, Walgreens
00:10and Levi Strauss.
00:11This is the final trickle of first quarter results ahead of the start of the second quarter
00:15reporting season.
00:17On the economic front, weekly jobless claims fell for the second straight week, but in
00:22a sign it's taking longer to find a job, the number of Americans receiving unemployment
00:26benefits beyond the first week surged to a two and a half year high.
00:31Investors now eagerly await Friday's PCE inflation data.
00:35In other news, despite what it may promise on the bottle, taking a daily multivitamin
00:39doesn't actually help add years to your life.
00:42A recent study by the National Institutes of Health, quote, did not find evidence to
00:47support improved longevity among healthy adults who regularly take multivitamins.
00:52In fact, the study found that taking a daily multivitamin supplement boosted the chance
00:57of death by four percent.
00:59The 20 year study published in the Journal of American Medical Association involved nearly
01:03400,000 people without major health issues.
01:06The median age of participants was 61 and a half.
01:09This won't be welcome news for the one in three Americans who take daily multivitamin
01:14supplements.
01:15Sales of those supplements are estimated to bring in $45 billion to manufacturers in 2024.
01:22That'll do it for your daily briefing from the New York Stock Exchange.
01:25I'm Conway Giddens with the Street.

Recommended

1:53
I
Up next
Grocery prices finally start to come down
The Street
1:53
Grocery prices are flattening, but menu prices are still rising
The Street
1:53
More affluent Americans are living paycheck to paycheck
The Street
1:58
GameStop, AMC make a roaring comeback
The Street
1:39
Walgreens to lower prices on thousands of products
The Street
1:55
Eggs, coffee, and beef are all getting more expensive
The Street
2:01
Big corporations will increase pay by almost 4% in 2025
The Street
2:11
Advertisers will spend far less on X in 2025
The Street
1:54
Ultra big televisions are getting cheaper
The Street
1:49
Rising temperatures are leading to rising produce prices
The Street
2:05
Back-to-school shopping means big bucks
The Street
2:03
World’s richest get richer after Trump election win
The Street
1:56
McDonald’s unveils plans for new value menu
The Street
1:51
McDonald’s to invest $1.3 billion in Europe over the next four years
The Street
1:54
Spirit Airlines won’t file for bankruptcy
The Street
1:52
Netflix ditches cheapest ad-free tier
The Street
2:10
Egg prices continue to rise
The Street
1:58
Coca-Cola expects to hit high end of 2024 sales forecast
The Street
1:57
Heating your home will cost more this year
The Street
1:47
A convenience store mega-merger is in the works
The Street
2:13
Walmart teams up with Burger King
The Street
1:59
Food prices see first drop since the pandemic began
The Street
1:39
Walmart stock hits all-time high
The Street
1:59
TSMC award $6.6 billion grant for Arizona plant
The Street
1:48
Obesity drugs might get covered under Medicare and Medicaid
The Street