Summary Of the Markets Today:
- The Dow closed up 161 points or 0.37%, (Closed at 43,239, New Historic high 43,290)
- Nasdaq closed up 7 points or 0.04%,
- S&P 500 closed down 1 point or 0.02%, (Closed at 5,841, New Historic high 5,878)
- Gold $2,708 up $16.20 or 0.61%,
- WTI crude oil settled at $71 up $0.37 or 0.50%,
- 10-year U.S. Treasury 4.096 down 0.080 points or 0.648%,
- USD index $103.80 up $0.21 or 0.20%,
- Bitcoin $66,916 down $843 or 1.26%, (24 Hours)
*Stock data, cryptocurrency, and commodity prices at the market closing
Today’s Highlights
Tech stocks led US markets higher on Thursday, driven by positive news from the semiconductor sector and strong economic data [note that we believe the economic data was terrible]. TSMC’s (TSM) upbeat outlook eased concerns about AI chip demand, lifting semiconductor stocks: TSMC reported a 54% jump in quarterly profit, beating estimates. The company raised its 2024 revenue growth forecast, citing surging AI demand. TSMC’s shares rose about 10%, pushing its market value over $1 trillion. Other chip stocks like Arm, Broadcom, and Nvidia gained over 2%. Nvidia (NVDA) shares reached an all-time intraday high: The stock hit a new record of $140.89 during trading. Nvidia closed up 0.89% at $136.93. The company’s 52-week high is now $195.95, 47.7% above the current price. The Dow Jones Industrial Average reached a new record close. The S&P 500 briefly touched an intraday record before closing slightly lower.
Click here to read our current Economic Forecast – October 2024 Economic Forecast: One More Recession Flag Removed Yet Little Headway On Inflation
Today’s Economic Releases Compiled by Steven Hansen, Publisher:
Advance estimates of U.S. retail and food services sales for September 2024 is down 0.03% year-over-year (down 1.1% year-over-year inflation adjusted) if non-seasonally adjusted data is used. For whatever reason, the release says sales were up 1.7% year-over-year using seasonally adjusted data. When you calculate a year-over-year change, non-seasonally adjusted data is used because it is compared to the same month one year ago. This raises a flag that the seasonal adjustment being used is significantly wrong. Further food for thought is that U.S. Census is the only source that uses seasonally adjusted data to calculate year-over-year growth. The bottom line is that retail sales in the U.S. is far from excellent. The poor sales can be attributed to declines in car sales and gasoline.
Industrial production (IP) in September 2024 is down 0.6% year-over-year with its components manufacturing down 0.5% year-over-year, mining down 2.2%, and utilities up 0.6%. Interestingly, capacity utilization is up 1.2% year-over -year which implies that some manufacturing capacity has been destroyed. And like a broken record, manufacturing remains in a recession in the U.S.
The Philly Fed October 2024 Manufacturing Business Outlook Survey current general activity, new orders, and shipments all rose, with the latter two returning to positive territory this month. Surveys are a crude tool and the variation month-to-month pretty much warns the reader about accuracy issues. This particular survey tends to be more optimistic than the other manufacturing surveys. I maintain manufacturing remains in a recession in the U.S. – and the Industrial Production release above should confirm this.
In the week ending October 12, the advance figure for seasonally adjusted initial unemployment claims 4-week moving average was 236,250, an increase of 4,750 from the previous week’s revised average. The previous week’s average was revised up by 500 from 231,000 to 231,500. This data is not recessionary and the rise in the unemployment numbers reflect the impact of the recent hurricanes.
Here is a summary of headlines we are reading today:
- Russia and India Forge Arctic Alliance
- Uzbekistan Faces Uphill Battle in WTO Bid
- How High Import Tariffs Could Have A Negative Impact on U.S. Oil
- UK Targets Russia’s Shadow Fleet With New Oil Tanker Sanctions
- Google CEO names new search and ads boss, slides predecessor to role of chief technologist
- Hamas leader Yahya Sinwar has been killed, Israeli foreign minister says
- Historic bitcoin theft tied to Connecticut kidnapping, luxury cars, $500K bar bills
- Retail sales rose 0.4% in September, better than expected; jobless claims dip
- The NFL is chasing a new audience to build on its explosive ratings
- Nvidia’s New Open-Source AI Model Beats GPT-4o On Benchmarks
- Chinese Stocks Tumble After Latest Round Of Property Stimulus Is A Dud
- Oil prices rise as U.S. supply posts a surprise decline, but trend ‘favors the bears’
Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.
The Market in Perspective
Here are the headlines moving the markets. | |
Kazakhstan’s Major Nuclear Power DilemmaWith the result of Kazakhstan’s controversial nuclear power referendum being a resounding “yes,” attention now turns to which country will build the facility. Kazakhstan’s government has spoken in favor of an international consortium of nuclear energy companies taking up the task while noting that a final decision will not be made until next year. But if Kazakhstan were to ignore Russia’s Rosatom completely, it would be bucking a global trend. Amid the war in Ukraine, and Moscow’s increased diplomatic isolation,… Read more at: https://oilprice.com/Alternative-Energy/Nuclear-Power/Kazakhstans-Major-Nuclear-Power-Dilemma.html |
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Russia and India Forge Arctic AllianceAuthored by Andrew Korybko via Substack, Rising Indian influence in the Arctic serves as a counterbalance to China’s, which meets both Russian and Western interests… The Russian-Indian joint working group on the Northern Sea Route (NSR) through the Arctic Ocean, which is expected to become one of the world’s most important trade routes, just held its first meeting last week in Delhi. It was formed as a result of Indian Prime Minister Modi’s trip to Moscow over the summer where he and Putin signed nine agreements for expanding… Read more at: https://oilprice.com/Geopolitics/International/Russia-and-India-Forge-Arctic-Alliance.html |
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Pemex Budget Cuts Threaten Oil ProductionMexico’s state-owned oil giant, Pemex, is facing a significant reduction in its upstream budget for the fourth quarter. According to internal documents, the company plans to cut spending by 20%, or Mxn 26.78bn ($1.38bn), a move that is expected to impact short-term crude production. This cutback follows instructions from Pemex’s new upstream head, Nestor Martinez, to scale back major well repairs and seismic data contracts. Pemex, which produced 1.73 million barrels per day (bpd) of crude and condensates in August, could see production… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Pemex-Budget-Cuts-Threaten-Oil-Production.html |
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Uzbekistan Faces Uphill Battle in WTO BidUzbek officials have a tall mountain to climb in their bid to gain membership in the World Trade Organization. A government report showed that only 29 percent of Uzbekistan’s existing laws and standards comply with WTO regulations. Earlier this year, President Shavkat Mirziyoyev outlined a desire for Uzbekistan to qualify for WTO membership as soon as 2026. At an October 10 meeting to discuss the membership drive, Mirziyoyev noted some progress had been made toward harmonizing standards, but he emphasized “much work remains ahead of… Read more at: https://oilprice.com/Geopolitics/International/Uzbekistan-Faces-Uphill-Battle-in-WTO-Bid.html |
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How High Import Tariffs Could Have A Negative Impact on U.S. OilAt campaign rallies, Republican Presidential Nominee Donald Trump promises to lower energy costs for American families and secure the nation’s “energy superpower” status through a combination of a deregulation agenda for domestic oil and gas industry and protectionist trade policies. “My goal will be to cut your energy costs in half within 12 months after taking office,” Trump said at a Michigan rally in August. “We can do that!” But some in the industry are skeptical. U.S. presidents can certainly encourage… Read more at: https://oilprice.com/Energy/Crude-Oil/How-High-Import-Tariffs-Could-Have-A-Negative-Impact-on-US-Oil.html |
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Could the Caucasus Become the Next Geopolitical Battleground?Authored by Conor Gallagher via NakedCapitalism.com, With the ongoing US/Israel rampage across the Middle East, we’re getting an increasing number of glimpses into the dark recesses of the neocon mind. This includes fantasies like “total victory” and daydreams about Israel assassinating Turkish President Recep Tayyip Erdo?an and Iran’s Supreme Leader Ayatollah Ali Khamenei. We recently featured one such vision here at Naked Capitalism from neocon-connected Simon Watkins at OilPrice. In it, he raises an option for Israel… Read more at: https://oilprice.com/Energy/Energy-General/Could-the-Caucasus-Become-the-Next-Geopolitical-Battleground.html |
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Libya’s Oil Ministry Denies Rumors NOC Head is ResigningLibya media reports have published a denial from the Oil Ministry on Thursday following rumors circulating on various localized social media platforms that National Oil Company head Farhat Bengdara was resigning, possibly due to health conditions. According to Agenzia Nova, there has been no official confirmation of rumors that Bengdara has submitted his resignation to the interim prime minister of Libya’s Government of National Unity (GNU) in Tripoli, Abdulhamid Dbeibah. The news agency notes that Bengdara was appointed chairman… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Libyas-Oil-Ministry-Denies-Rumors-NOC-Head-is-Resigning.html |
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Oman’s National Oil Company Raises $2B in Record-Breaking IPOOman’s national oil company OQ’s upstream business part, OQ Exploration and Production (OQEP), reports that its landmark initial public offering (IPO) has raised $2 billion. The latter is a clear sign that national and international interest in GCC-based oil companies is still very high. The IPO result makes OQEP the largest listed company on the Omani Stock Exchange (MSX). Analysts were already optimistic about the OQEP IPO prospects, as its competitors in the region have already been very successful in the last few years too.… Read more at: https://oilprice.com/Energy/Crude-Oil/Omans-National-Oil-Company-Raises-2B-in-Record-Breaking-IPO.html |
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UK Targets Russia’s Shadow Fleet With New Oil Tanker SanctionsThe UK on Thursday imposed the largest round of sanctions to date against Russia’s shadow fleet, designating additional 18 oil tankers and four LNG tankers as it seeks to cut critical revenues for Vladimir Putin. In June, the previous UK government explicitly targeted vessels identified as belonging to the shadow fleet, used by Russia to circumvent UK and G7 sanctions, in the first sanctions directly aimed at the dark fleet. Now the new UK government is imposing sanctions on 18 more shadow fleet oil tankers which will be barred from… Read more at: https://oilprice.com/Latest-Energy-News/World-News/UK-Targets-Russias-Shadow-Fleet-with-New-Sanctions-on-Oil-Tankers.html |
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Draws Across the Board Bolster Oil PricesCrude oil prices moved higher today, after the Energy Information Administration reported an inventory dip of 2.2 million barrels for the week to October 11. The inventory change compared with a sizable build of 5.8 million barrels for the previous week that pressured oil prices. A day before the EIA released its latest numbers, the American Petroleum Institute estimated an unexpected drop in crude oil inventories that helped prices on their way up. The API said inventories had shed 1.58 million barrels in the week to October 11. Meanwhile, the… Read more at: https://oilprice.com/Energy/Crude-Oil/Draws-Across-the-Board-Bolster-Oil-Prices.html |
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Snam CEO Claims Europe Is Vulnerable to Natural Gas Supply ShocksEurope remains vulnerable to possible shocks in natural gas supply as its exposure to LNG trading and supply has grown, Stefano Venier, CEO of one of Europe’s biggest gas grid operators, Snam, told Bloomberg. “We are in a fragile situation given geopolitics and now — in Italy and Europe — we have exposure to LNG trading,” Venier told Bloomberg TV in an interview on Thursday. The latest flare-up of tensions in the Middle East is keeping the gas market “nervous”, Venier said, as 20% of global gas is transiting… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Snam-CEO-Claims-Europe-Is-Vulnerable-to-Natural-Gas-Supply-Shocks.html |
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Europe’s Natural Gas Demand Drops While Inventories RiseNatural gas demand in the EU and the UK fell by 0.7 bcm in August from July while inventories increased by 8.7 bcm, the Joint Organizations Data Initiative (JODI) said in its monthly oil and gas review on Thursday. Global natural gas demand also fell lightly, by 0.15 bcm month-on-month in August, according to the latest data in JODI, which compiles self-reported figures from individual countries. On a yearly basis, global natural gas demand rose by 2.3 bcm compared to August 2023, and gas production also increased globally, by 1.4 bcm in August… Read more at: https://oilprice.com/Energy/Energy-General/Europes-Natural-Gas-Demand-Drops-While-Inventories-Rise.html |
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Mexico Moves to Amend Constitution to Favor State Power FirmMexico’s Senate approved amendments in the constitution that give preference to state electricity firm CFE over other companies in dispatching electricity to the system. The constitutional amendment was passed in the Senate with 86 votes in favor to 39 against. This met the requirement of a two-thirds majority of votes in favor of amending the constitution. Mexico’s new President Claudia Sheinbaum continues the policies of her predecessor Andres Manuel Lopez Obrador to support and favor the state energy majors, including oil firm Pemex… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Mexico-Moves-to-Amend-Constitution-to-Favor-State-Power-Firm.html |
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Europe’s Renewable Power Prices DropModerating inflation and reduced market volatility compared to 2022 and 2023 resulted in lower prices for renewable electricity in power purchase agreements across Europe. During the third quarter of 2024, power purchase agreements (PPAs) for electricity sourced from renewable energy showed a 12.4% decline in price, compared to the same period of 2023, according to data from price tracking platform LevelTen cited by Reuters. Corporate buyers and power users are increasingly looking to enter into PPAs with renewable energy developers to ensure the… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Europes-Renewable-Power-Prices-Drop.html |
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Barclays Pushes UK Government to Prioritize the Energy TransitionBarclays has urged the UK government to prioritise three core actions to accelerate its transition and green finance efforts. As part of a report released alongside the Transition Finance Market Review, the bank warned that the country’s path to decarbonisation requires urgent policy and regulatory changes. Today’s report urged the importance of a national transition plan, as well as stronger financial incentives and a supportive regulatory framework to ensure the UK meets its climate goals. Barclays highlighted the £50bn to £60bn… Read more at: https://oilprice.com/Latest-Energy-News/World-News/Barclays-Pushes-UK-Government-to-Prioritize-the-Energy-Transition.html |
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Google CEO names new search and ads boss, slides predecessor to role of chief technologistGoogle is replacing Prabhakar Raghavan, the company’s search and ads boss since 2018, with longtime executive Nick Fox. Read more at: https://www.cnbc.com/2024/10/17/google-replaces-its-search-and-ads-boss.html |
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Netflix earnings are out — here are the numbersNetflix reported earnings after the bell. Here are the results. Read more at: https://www.cnbc.com/2024/10/17/netflix-nflx-earnings-q3-2024.html |
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Hamas leader Yahya Sinwar has been killed, Israeli foreign minister saysSinwar assumed overall command of the Iran-backed Hamas in August, following the assassination of former political chief Ismail Haniyeh. Read more at: https://www.cnbc.com/2024/10/17/israeli-military-says-it-is-investigating-possible-killing-of-hamas-leader-yahya-sinwar.html |
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Amazon makes first foray into live news with election night special hosted by Brian WilliamsThe company plans to host a one-night special with live election results and analysis on its Prime Video streaming service. Read more at: https://www.cnbc.com/2024/10/17/amazon-prime-video-to-stream-election-special-hosted-by-brian-williams.html |
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How to build up your bets – and your returns – in dividend-paying stocksYour brokerage firm has a tool that allows you to build positions in dividend payers over time, a move that could boost returns. Read more at: https://www.cnbc.com/2024/10/17/how-to-build-up-your-bets-and-returns-in-dividend-paying-stocks.html |
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Historic bitcoin theft tied to Connecticut kidnapping, luxury cars, $500K bar billsThe kidnapping of a Connecticut couple has been linked to one of the biggest thefts of cryptocurrency from an individual in United States history. Read more at: https://www.cnbc.com/2024/10/17/cryptocurrency-theft-google-kidnapping-lamborghi-bar-.html |
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Hedge fund manager Daniel Loeb believes Trump’s chances are increasing and he’s betting accordinglyThird Point’s Dan Loeb believes a few companies are poised to benefit if former President Donald Trump were to win the upcoming general election. Read more at: https://www.cnbc.com/2024/10/17/hedge-fund-manager-daniel-loeb-believes-trumps-chances-are-increasing-and-hes-betting-accordingly.html |
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Retail sales rose 0.4% in September, better than expected; jobless claims dipConsumer spending held up in September, underscoring a resilient economy. Read more at: https://www.cnbc.com/2024/10/17/retail-sales-rose-0point4percent-in-september-better-than-expected-jobless-claims-dip.html |
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FBI arrests man in connection with fake bitcoin post on SEC X account: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Solo Ceesay of Calaxy reacts to bitcon’s recent price action and what the U.S. election means for crypto prices. Read more at: https://www.cnbc.com/video/2024/10/17/fbi-arrests-man-in-connection-with-fake-bitcoin-post-on-sec-x-account-cnbc-crypto-world.html |
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Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debtThe Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers. Read more at: https://www.cnbc.com/2024/10/17/student-loan-forgiveness-biden-public-service-debt.html |
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NFL stadiums could experience $11 billion in climate-related losses by 2050, a new report findsAs football stadiums are increasingly being used for concert venues, storm shelters and community events, the impact could be severe for the economy. Read more at: https://www.cnbc.com/2024/10/17/climate-risk-sports-stadiums.html |
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The NFL is chasing a new audience to build on its explosive ratingsThe NFL is itching for further growth and it’s turning to Latino and Spanish-speaking audiences as a new audience. Read more at: https://www.cnbc.com/2024/10/17/nfl-latino-audience-growth.html |
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Teen tobacco use falls to 25-year low as fewer pick up e-cigarettesTobacco product use among middle and high school students has dropped to a 25-year low, federal agencies announced Thursday. Read more at: https://www.cnbc.com/2024/10/17/teen-tobacco-use.html |
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After DEI Disaster, John Deere Announces More Layoffs Amid Worsening Farm SlumpIllinois-based John Deere said a deepening farm slump has led to a drop in demand for its agricultural equipment, triggering a new round of layoffs across multiple US-based tractor factories. This also comes as Deere pulled back on disastours diversity, equity, and inclusion initiatives following conservative backlash and boycotts. Local media outlet De Moine Register reported a new round of layoffs will total about 287 workers from two Deere factories. Deere executives were kind enough not to fire the workers before Christmas because doing so would have been a PR nightmare. The layoffs are concentrated at its Harvester Works factory in East Moline, Illinois, and just a handful of layoffs … Read more at: https://www.zerohedge.com/commodities/oh-dear-john-deere-announces-more-layoffs-amid-worsening-farm-slump |
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Nvidia’s New Open-Source AI Model Beats GPT-4o On BenchmarksAuthored by Tristan Greene via CoinTelegraph.com, Nvidia unceremoniously launched a new artificial intelligence model on Oct 15 that’s purported to outperform state-of-the-art AI systems including GPT-4o and Claude-3. According to a post on the X.com social media platform from the Nvidia AI Developer account, the new model, dubbed Llama-3.1-Nemotron-70B-Instruct, “is a leading model” on lmarena.AI’s Chatbot Arena. Read more at: https://www.zerohedge.com/technology/nvidias-new-open-source-ai-model-beats-gpt-4o-benchmarks |
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Chinese Stocks Tumble After Latest Round Of Property Stimulus Is A DudAfter a brief burst of hope that Beijing had finally learned its lesson to not parade with fake “big bazookas” meant to simply boost its stock market for a few days (allowing members of the nomenklatura to sell their holdings into the spike) but to follow through forcefully and with resolve, we regret to inform readers that nothing at all has changed, and China has fallen into the old pattern of pretending it is stimulating the economy, and traders pretending they are willing to invest in its stock market. The latest example of this toxic loop was on exhibit earlier today when China’s policymakers rolled out the latest stimulus aimed at boosting the country’s sluggish property sector, and yet just like all recent previous ones, the measures fell far short of hopes for more specific liquidity support. In today’s highly-anticipated press conference from MOHURD, jointly with MOF, MNR, PBOC and NFRA, authorities unveiled plans to fast-track credit for struggling property developers, and aim to renovate 1 million apartments in so-called urban shantytowns, a strategy used during the prior real-estate slump. Additionally, China will deploy more funds for housing projects on the government’s “white list,” with 4 trillion yuan ($550 billion) in loans to be available by the end of this year, Minister of Housing and Urban-Rural Development Ni Hong said, urging banks to lend to as many projects as possible. Projects on Beijing’s “white list” are eligible for government-back … Read more at: https://www.zerohedge.com/markets/chinese-stocks-tumble-after-latest-round-property-stimulus-dud |
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Zelensky Unveils ‘Victory Plan’ But No Sign It Has Support From The WestAuthored by Dave DeCamp via AntiWar.com, Ukrainian President Volodymyr Zelensky addressed the Ukrainian parliament on Wednesday and unveiled his so-called “victory plan,” but there’s no sign any of Ukraine’s Western backers will support his proposals. Zelensky’s plan includes five points and three classified sections that he did not make public. The plan is essentially a list of demands that Zelensky has been making of the US and NATO for months. He claimed that if the plan was implemented, Ukraine “may be able to end the war no later than next year.” Zelensky addressing Ukrainian parliament (photo released by Zelensky’s office)One point is for Ukraine to receive a formal in … Read more at: https://www.zerohedge.com/geopolitical/zelensky-unveils-victory-plan-no-sign-it-has-support-west |
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Meta fires staff for buying toothpaste, not lunchMeta workers reportedly used vouchers that should have been spent on meals to buy household goods. Read more at: https://www.bbc.com/news/articles/cvgdyzq3wz5o |
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Ministers complain to Starmer over spending cutsSome Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap. Read more at: https://www.bbc.com/news/articles/c0r8e421y5po |
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US ‘click to cancel’ rule to ban subscription trapsNew rule requires businesses to make subscribing and cancelling subscriptions equally simple. Read more at: https://www.bbc.com/news/articles/c07nlvmyl05o |
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Infosys, Wipro ADRs fall over 4% following Q2 earnings on ThursdayInfosys reported a 5% rise in Q2 net profit, reaching Rs 6,506 crore. Driven by strong performance and mega-deals, the company raised its FY25 revenue growth guidance to 3.75%–4.5% from the previous 3-4%. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/infosys-wipro-adrs-fall-over-4-following-q2-earnings-on-thursday/articleshow/114321311.cms |
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Vishal Mega Mart files updated IPO papers with Sebi; eyes Rs 8,000-crSupermart major Vishal Mega Mart on Thursday filed its updated draft papers with capital markets regulator Sebi to float Rs 8,000-crore through an initial public offering (IPO). Read more at: https://economictimes.indiatimes.com/markets/ipos/fpos/vishal-mega-mart-files-updated-ipo-papers-with-sebi-eyes-rs-8000-cr/articleshow/114320420.cms |
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Havells India Q2 Results: Cons PAT rises 7.5% YoY, revenue jumps 16%While yearly revenue jumped by 16.4% to Rs 4,539.31 crore, the company experienced a decline on a quarterly basis. Profit fell by 34.3% and revenue dropped by nearly 22% compared to the previous quarter. Read more at: https://economictimes.indiatimes.com/markets/stocks/earnings/havells-india-q2-results-cons-pat-rises-7-5-yoy-revenue-jumps-16/articleshow/114318277.cms |
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Oil prices rise as U.S. supply posts a surprise decline, but trend ‘favors the bears’Crude futures finished higher on Thursday for the first time in five sessions, supported in part by an unexpected decline in last week’s U.S. crude inventories, which followed sizeable back-to-back weekly gains. Read more at: https://www.marketwatch.com/story/oil-prices-find-a-floor-after-4-day-slide-despite-disappointing-chinese-stimulus-141a204e?mod=mw_rss_topstories |
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My sisters want to hide $170,000 of our mother’s money from Medicaid by adding their names to her bank account. What should I do?“The probate attorney says I could ask the court to remove sister No. 3 as co-executor, since she has acted unethically and illegally.” Read more at: https://www.marketwatch.com/story/my-offer-to-help-was-met-with-suspicion-my-sisters-moved-100-000-of-our-dads-money-into-our-mothers-account-and-added-their-names-what-now-f1e4b310?mod=mw_rss_topstories |
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WNBA star Angel Reese says of her $73,439 salary: ‘Does that even pay my car note?’Luckily for Reese, her WNBA salary is not her only source of income. Read more at: https://www.marketwatch.com/story/wnba-star-angel-reese-says-of-her-73-439-salary-does-that-even-pay-my-car-note-085d2e23?mod=mw_rss_topstories |