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Security Mutual Week begins in Binghamton

Security Mutual Week begins in Binghamton

Yahoo5 hours ago

BINGHAMTON, N.Y. (WIVT/WBGH) – The City of Binghamton is saluting one of its oldest and most community-minded businesses.
Mayor Jared Kraham raised the flag and declared it Security Mutual week in the city Monday morning.
The annual event recognizes the life insurance company for its commitment to our area, including its annual donation of hanging flower baskets to beautify the downtown.
This week, more than 100 key distributors and employees will be in town participating in the company's Advanced Marketing Seminar for the first time since the pandemic.
President and CEO Kirk Gravely says Security Mutual's local legacy dates back to its founding in 1886.
'We are proud of our contributions to the community. And even as we expand across the country, we will never lose sight of our commitment to this great city. Binghamton is our home and for that, we are extremely proud,' said Gravely.
Among the company's other charitable efforts are the Jim 'Mudcat' Grant Legacy All-Star Golf Tournament, which raises funds for local non-profits. And the Sock Out Cancer initiative, which has raised $1.8 million to support cancer patients since its founding in 2017.
This year's fundraising concert featuring Beatles and Rolling Stones tribute bands is scheduled for October 18 at the Forum Theater.
News 34 Pizza Week returns
72-year-old biker travels U.S. to raise money for American Cancer Society
Security Mutual Week begins in Binghamton
Meldrim's Paint hosts grand opening celebration
Business of the Week: Fahs Construction Group
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Security Mutual Week begins in Binghamton
Security Mutual Week begins in Binghamton

Yahoo

time5 hours ago

  • Yahoo

Security Mutual Week begins in Binghamton

BINGHAMTON, N.Y. (WIVT/WBGH) – The City of Binghamton is saluting one of its oldest and most community-minded businesses. Mayor Jared Kraham raised the flag and declared it Security Mutual week in the city Monday morning. The annual event recognizes the life insurance company for its commitment to our area, including its annual donation of hanging flower baskets to beautify the downtown. This week, more than 100 key distributors and employees will be in town participating in the company's Advanced Marketing Seminar for the first time since the pandemic. President and CEO Kirk Gravely says Security Mutual's local legacy dates back to its founding in 1886. 'We are proud of our contributions to the community. And even as we expand across the country, we will never lose sight of our commitment to this great city. Binghamton is our home and for that, we are extremely proud,' said Gravely. Among the company's other charitable efforts are the Jim 'Mudcat' Grant Legacy All-Star Golf Tournament, which raises funds for local non-profits. And the Sock Out Cancer initiative, which has raised $1.8 million to support cancer patients since its founding in 2017. This year's fundraising concert featuring Beatles and Rolling Stones tribute bands is scheduled for October 18 at the Forum Theater. News 34 Pizza Week returns 72-year-old biker travels U.S. to raise money for American Cancer Society Security Mutual Week begins in Binghamton Meldrim's Paint hosts grand opening celebration Business of the Week: Fahs Construction Group Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Jim Cramer sees a 'bizarre' rotation in the market  — plus, Starbucks makes a move in China
Jim Cramer sees a 'bizarre' rotation in the market  — plus, Starbucks makes a move in China

CNBC

time12 hours ago

  • CNBC

Jim Cramer sees a 'bizarre' rotation in the market — plus, Starbucks makes a move in China

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. 1. The stock market is starting the week relatively flat following Friday's rally due to a solid jobs report. Investors are awaiting trade news updates as American and Chinese officials gather in London . The flow of rare earth minerals out of China is a big focus of the talks. Within the stock market Monday, Jim Cramer said the action is interesting. "What I'm seeing is a kind of a very bizarre rotation. ... A lot of stocks that have been laggards like Texas Instruments are really taking off," Jim said. Meanwhile, stocks that had been certified winners are headed down. The rotation is "very daunting for people because you're buying lesser quality and selling high quality," Jim said. 2. Club name Starbucks has been on the recovering end lately, climbing nearly 7% last week and adding modest gains in Monday's session. In its latest move to navigate the competitive Chinese market, the company is cutting prices on non-coffee beverages in the country. The latest strategy is part of the coffee chain's campaign to win customers over during the summer. "It helps the story that they're doing some discounting," Jim said. It's no secret that Starbucks has had some difficulties in the region and has been looking for a strategic partner for its operations there. "I think [a partnership] would be well received by the market," said Jeff Marks, director of portfolio analysis for the Club. 3. It's a different story for portfolio name Broadcom , which closed 5% lower Friday after reporting earnings Thursday and is taking another hit Monday. Jim reminded members that on Friday he advised to hold off on buying into the stock's sell-off. "I said today's the day you buy," he said Monday. The company reported a strong quarter with AI revenue rising 46% year over year. Marks said the only real issue was the stock came into the print red hot, so it fell victim to high expectations, leading to the drop. However, the semiconductor manufacturer did see price targets raised at several firms Monday, including at Barclays, which went to $265 a share, up from $215. 4 . Stocks covered in Monday's rapid fire at the end of the video were: Warner Bros Discovery , Tesla , General Mills , and Conagra Brands . (Jim Cramer's Charitable Trust is long AVGO, SBUX . See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

Thawing of IPO market is good news for Goldman Sachs, car stocks catch a break
Thawing of IPO market is good news for Goldman Sachs, car stocks catch a break

CNBC

time3 days ago

  • CNBC

Thawing of IPO market is good news for Goldman Sachs, car stocks catch a break

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: The major averages are off their highs of the day, but holding on to early morning gains made on the back of a stronger-than-expected May nonfarm payrolls report. As discussed during the meeting , we need to be conscious of the real risks out there — like a resurgence of inflation on the back of tariffs or a need for job cuts in the auto sector due to a lack rare earth metals needed to manufacture vehicles — but it's hard to get too negative on the overall market so long as the U.S. consumer remains employed. Ultimately, there is still a lot to like about the stock market for those ready and willing to the research and focus on the fundamentals. Shares of Lululemon are under significant pressure Friday after the apparel retailer reported a better-than-expected quarter but cut its outlook for the full year due to the "dynamic macroenvironment." The news is just the latest reminder that while the economy is holding in thanks to low unemployment, consumers still feel the pressure of high prices and may look to alter shopping activity. In this case, the news bodes well for shares of Club holding TJX Companies , which provides some of the best value around when it comes to apparel and home goods. Automaker stocks are getting some relief Friday following a report from Reuters that China granted temporary export licenses to suppliers of the big three U.S. automakers ( Ford , General Motors , and Stellantis ) for rare earth materials. More IPO news: Crypto exchange Gemini unveiled plans to go public in a new confidential filing with the Securities and Exchange Commission on Friday. This comes one day after stablecoin issuer Circle 's IPO, which saw the stock advance roughly 168%. Prior to that, CoreWeave started trading on the Nasdaq in late March in the biggest venture-backed tech IPO since 2021. Next week, fintech firm Chime will debut on the exchange as well. All of this action is a good indicator that more companies will go public, according to Jim Cramer. That's great news for Club holding Goldman Sachs' crucial investment banking business. The Wall Street bank derives revenues from facilitating these kinds of deals as an underwriter or through advisory fees. It also signals a potential rebound for a key division in Goldman. M & A and IPO activity has been lackluster in recent years as macroeconomic uncertainty and the regulatory environment has kept companies on the sidelines and more conservative with capital. "After we figure out tariffs, it's going to be mergers. It's very hard to do it right now, but I think Goldman Sachs is very attractive right here," Jim said Friday. Next week: We've got Apple's WWDC event kicking off Monday, where investors will look for any signs of progress with the company's AI strategy. We've also got Nvidia's GTC event in Paris starting on Tuesday. Tesla is expected to launch it's robotaxi service in Austin, Texas, in the back half of the week. On the economic front, we'll get an update on inflation with the May consumer price index out Wednesday. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

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