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☆ Tiger Woods’ 15-year-old son Charlie to attempt US Open qualification
▼ + stars: | 2024-04-25 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

On Thursday, Charlie Woods will look to pen a chapter of his own. Tiger Woods’ 15-year-old son will tee up at an 18-hole local qualifier in Port St. Lucie, Florida, as one of an 84-player field vying for a spot at the 124th edition of the major. Ben Jared/PGA TOUR/Getty ImagesWoods is one of 10,052 entries for US Open qualifying this year with hopefuls – who must have a handicap not exceeding 0.4 or be professional to be eligible – spanning all 50 states and 70 foreign countries. Woods celebrates his third US Open victory in 2008. Woods is not yet among the field, but could still receive a special exemption to play from the USGA.

Persons: Charlie Woods, Woods, –, ‘, Wyndham Clark, Ben Jared, Beck Patrick, Keith Crimp, Woods ’, Robert Galbraith, Scottie Scheffler Organizations: CNN, Tennis Club, Pinehurst, Country Club, PNC, PGA, Lake Golf, US, USGA, Los Angeles Country Club, Reuters, Augusta National Locations: Port St, Lucie , Florida, North Carolina, Hobe Sound, Florida, Pinehurst, Houston , Texas, Washington

☆ US regional banks are still under pressure. That’s likely to continue
▼ + stars: | 2024-04-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Despite overcoming a crisis in 2023, the pain isn’t over for America’s regional banks. Shares of New York Community Bank have tumbled 71%, Bank OZK shares have slid 16% and Webster Financial shares have lost 11%. Regional banks reported wide losses on their profits during the first quarter. PNC projects that its net interest income will fall between 4% to 5% in 2024 from last year. “I’m worried about a handful of [regional banks],” Bair told CNBC on Tuesday.

Persons: that’s, Jerome Powell, “, ” Powell, Sheila Bair, “ I’m, ” Bair, ” Tesla, Tesla, Elon Musk, Chris Isidore, Musk, Chancellor Kathaleen McCormick, Read, Samantha Delouya, —, Maximilian Kotz, Leonie Wenz, Noah Diffenbaugh Organizations: CNN Business, Bell, New York CNN, Regional Banking, New York Community Bank, Bank OZK, Webster Financial, PNC Financial, T Bank, US Bancorp, Citizens, PNC, Valley Bank, Signature Bank, First Republic Bank, Federal Reserve, Wilson Center, Federal Deposit Insurance Corporation, CNBC, Tesla, Securities and Exchange Commission, United Nations, Potsdam, Climate, CNN, Stanford University Locations: New York, Delaware, ” Delaware

☆ Cramer's Lighting Round: Sell Aspen Aerogels
▼ + stars: | 2024-04-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon ConocoPhillips' year-to-date stock performance. Stock Chart Icon Stock chart icon Marvell Technology's year-to-date stock performance. Stock Chart Icon Stock chart icon Enovix's year-to-date stock performance. Stock Chart Icon Stock chart icon Aspen Aerogels' year-to-date stock performance. Stock Chart Icon Stock chart icon Vale's year-to-date stock performance.

Persons: I'm, Marvell, Lam, Let's, you've Organizations: ConocoPhillips, Pharmaceuticals, Marvell Technology, Lam Research, Aspen, PNC

☆ PNC CEO on Q1 earnings beat
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPNC CEO on Q1 earnings beatPNC CEO Bill Demchak joins 'Money Movers' to discuss the stock reaction to PNC's quarterly earnings results, how the company is adjusting to headwinds, and the company's cost efforts.

Persons: Bill Demchak Organizations: PNC

☆ Regional banks will dominate rest of earnings season this week. Here's what analysts expect
▼ + stars: | 2024-04-16 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

"What we've seen is deposit pressures escalate more than previously anticipated," said Alexander Yokum, analyst at CFRA Research, who has a neutral view on regional banks. "A lot of these regional banks, they have less deposits, so if they lose deposits, it can really impact their operating results," Yokum said. "So, higher for longer, I think for a lot of regional banks, would be negative." Here's what Wall Street analysts expect from regional banks this season. Other regional banks reporting this week include Fifth Third Bancorp .

Persons: Alexander Yokum, Yokum, Goldman Sachs, Ryan M, Nash, America's Ebrahim H, Poonawala, CFRA's Yokum, Citi's Keith Horowitz, " Horowitz, Huntington Bancshares Huntington Bancshares Organizations: Regional Banking, U.S . Bancorp, New York Community, CFRA Research, JPMorgan Chase, T Bank, PNC, " Bank, America's, U.S . Bancorp U.S . Bancorp, U.S . Bank, Bank of America, Huntington, Comerica KeyCorp, Comerica, Fifth Third Bancorp Locations: U.S, New, Ohio

☆ Watch CNBC's full interview with PNC CEO Bill Demchak
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with PNC CEO Bill DemchakPNC CEO Bill Demchak joins 'Money Movers' to discuss the stock reaction to PNC's quarterly earnings results, how the company is adjusting to headwinds, and the company's cost efforts.

Persons: Bill Demchak Organizations: PNC

☆ Americans are savings less these days. Here’s why and what that means
▼ + stars: | 2024-04-14 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Washington CNN —Americans haven’t been stashing money into their savings accounts like they used to, according to government statistics. Put together, this may have resulted in “a structurally lower saving rate,” according to the report. What does the lower saving rate of nowadays say about the US consumer? Households are continuing to spend at these elevated rates and one reason is because of the lower saving rate. You’re just not seeing a reversal back to pre-Covid levels, which isn’t shocking when you look back historically to what has happened to the saving rate.

Persons: haven’t, “, Wells, Bell, Shannon Seery Grein, There’s, they’ve, we’ve, Matt Egan, ” Paul Knopp, Read, Goldman Sachs, Charles Schwab, Lorie Logan, Mary Daly, Johnson, Morgan Stanley, Jerome Powell, Loretta Mester, John Williams, Raphael Bostic, Austan Goolsbee Organizations: Washington CNN, Wells, KPMG, CNN, Gallup, T Bank, US Commerce Department, National Association of Home Builders, China’s National Bureau of Statistics, Johnson, Bank of America, PNC, The Bank of New York Mellon, Northern Trust, United Airlines, Federal Reserve, Abbott Laboratories, Discover, Citizens, Cleveland Fed, Taiwan Semiconductor Manufacturing, Netflix, Alaska Air, National Association of Realtors, Fed, US Labor Department, Procter & Gamble, American Express . Chicago Fed Locations: Wells Fargo, United States, Europe, UnitedHealth, Blackstone

☆ 3 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-04-13 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Heightened tensions in the Middle East, including the possibility of Iran attacking Israel, sent stocks back down and oil prices higher. If the choice is between a weak economy with lower rates or a strong economy with higher rates, we'll take the strong economy every time. Low rates may help with valuation multiples, but it's a strong economy that leads to earnings growth and that's what we, as long-term investors care about. Shelter costs are a major sticking point for overall inflation, which makes Tuesday's housing starts and building permits report a key watch item. We'll get another look at housing with the release of the March existing home sales report on Thursday.

Persons: we've, we'll, Morgan Stanley, Wells, bode, we're, Goldman Sachs, Charles Schwab, Johnson, ERIC, JB Hunt, Kinder Morgan, DR, Ally, Huntington, Jim Cramer's, Jim Cramer, Jim, Abbott, Ethan Miller Organizations: Dow Jones, Wednesday, Federal Reserve, Abbott Labs, Cardiovascular Systems, Diagnostics, Procter & Gamble, Constellation Brands, Procter, T Bank, Bank of America, Bank of New York Mellon, BK, PNC Financial, PNC, Ericsson, United Airlines, Interactive, ASML Holdings, US Bancorp, Citizens, Alcoa, CSX, Discover Financial, Nokia, Alaska Air, Blackstone BX, McLennan, Netflix, PPG Industries, Gamble, Financial, American Express, Jim Cramer's Charitable, CNBC, Las Vegas Convention, Getty Locations: Iran, Israel, China, Marsh, Las Vegas , Nevada

☆ Lightning Round: Make a move, buy some Palantir, says Jim Cramer
▼ + stars: | 2024-04-11 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Make a move, buy some Palantir, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: New Fortress Energy, Cummins, Abbott Labs, PNC Financial Services and Palantir.

Persons: Jim Cramer Organizations: New, Energy, Cummins, Abbott Labs, PNC Financial Services

☆ Wall Street wants answers from big banks about the economy
▼ + stars: | 2024-04-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Big banks kick off earnings season Friday. “Earnings season just became significantly more important,” said JJ Kinahan, chief executive of IG North America, in a Wednesday note. On one hand, lofty rates could help pad banks’ net interest income, since they can charge a higher borrowing rate for loans and mortgages. Inflation has been a bane on Biden’s presidency, with voters consistently giving him low marks for his handling of the economy. Fed Chair Jerome Powell has said that policymakers want to see more evidence that inflation is headed toward their 2% goal.

Persons: ”, JJ Kinahan, JPMorgan, Wells, You’ll, Carol Schleif, Wall, Jamie Dimon, “, Alicia Wallace, Friday’s, Joe Biden, ” Biden, Bryan Mena, Jerome Powell, Powell Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, IG North America, JPMorgan Chase, BlackRock, Citigroup, PNC Financial Services, BMO Family Office, Federal Reserve, Wall, Traders, Bureau of Labor Statistics, —, Federal, Fed Locations: New York, Wells Fargo, pare

☆ Cramer's Lightning Round: Cummins is a buy
▼ + stars: | 2024-04-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Cummins' year-to-date stock performance. Cummins : "I like Cummins very much, I think it's terrific [buy, buy, buy!]." Stock Chart Icon Stock chart icon PNC's year-to-date stock performance. [Buy, buy, buy!]." Stock Chart Icon Stock chart icon NIO's year-to-date stock performance.

Persons: Wes Edens, Cummins, Jim Cramer's Organizations: New Fortress Energy, Abbott Laboratories, Abbott Labs, PNC Locations: New

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Tesla, Apple, CyberArk, Grindr, Estee Lauder & more
▼ + stars: | 2024-03-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Wells Fargo reiterates Bank of America as overweight Wells Fargo raised its price target on Bank of America to $44 per share from $40. HSBC downgrades Bank of America to hold from buy HSBC downgraded Bank of America mainly on valuation. Benchmark reiterates Nvidia as buy Benchmark said it's standing by its buy rating on Nvidia. Bank of America reiterates Amazon as buy Bank of America said it's bullish on Amazon's investments in AI. "We are initiating coverage on CYBR with a Buy rating and a $317 PT."

Persons: Wells Fargo, Bernstein, it's, Goldman Sachs, Tesla, Goldman, Piper Sandler, Piper, Clark, Kimberly, Claude, Estee Lauder, BTIG, TD Cowen, Cowen, Grindr, William Blair, Bentley, Morgan Stanley, JPMorgan, KeyBanc, Oppenheimer, Monness Crespi Hardt downgrades Palantir, Palantir Organizations: Bank of America, FDIC, Apple, HSBC downgrades Bank of America, HSBC, of America, PNC, Tesla, EV, Kimberly, Nvidia, Amazon, Bentley Systems, Allstate, JPMorgan, Major Pharma, Citi, Boeing, Barclays, Meta, SNAP Locations: mkts, DraftKings

☆ Why Costco’s hot dog is still $1.50 when everything has gotten so expensive
▼ + stars: | 2024-03-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

If Costco’s hot dog deal kept pace with inflation, it would be three times as expensive today — nearly $4.50. ‘If you raise the effing hot dog, I will kill you’Costco’s hot dog defied inflation from the very start. Costco’s hot dog offering was born in the company’s early days. Realizing the importance of the low-priced hot dog, the chain brought production in-house and switched to its own Kirkland Signature brand. Jim Sinegal, Costco’s co-founder, once told the company’s former CEO Craig Jelinek, “If you raise the effing hot dog, I will kill you.

Persons: ”, Scott Mushkin, Richard Galanti, Gus Faucher, Kirkland, Jim Sinegal, Costco’s, Craig Jelinek, “, ” Sinegal Organizations: New, New York CNN, Costco, Bureau of Labor Statistics, R5, Federal Reserve, PNC Financial Services, Seattle Times Locations: New York, Portland , Oregon

☆ Premarket stocks: Investors are on cloud nine. That could be a bad sign
▼ + stars: | 2024-03-15 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Unsurprisingly, several flashing indicators suggest that investors are feeling good about the market:• CNN’s Fear & Greed Index: The indicator, which measures seven barometers of market sentiment including the VIX, Wall Street’s most well-known measure of expected stock volatility, is in “greed” territory. Market sentiment is often seen as a contrarian indicator. That means that when the herd is optimistic, money managers take it as a sign that stocks will fall, and vice versa. A closely watched gauge of US wholesale inflation rose at its fastest pace in months, according to new data released Thursday. In February, car sales climbed 1.8%, purchases of electronics and appliances increased 1.5% and sales at restaurants rose 0.4%.

Persons: • Charles Schwab, Yardeni, “, Alicia Wallace, Price, Gus Faucher, Read, Bryan Mena Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Intelligence, Research, Bureau of Labor Statistics, PPI, of Labor Statistics, PNC Financial Services, Retail, Commerce Department, Gas Locations: New York

☆ Now comes the hard part for the Fed to achieve its goal of getting inflation to 2%
▼ + stars: | 2024-03-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Core services costs excluding housing services — "supercore" inflation, as it has become known — remain elevated but at least the pace of increase, at 0.5%, has eased. "The 'last mile' problem for the central bank is the inflation in service prices, which is partly attributed to the tight labor market in sectors such as healthcare, leisure, hospitality, and construction. "This type of inflation, often termed 'cost-push inflation,' may not react straightforwardly to changes in interest rates." "Wage growth was significantly slower, the labor market wasn't as tight," PNC's Faucher said. "It wasn't that long ago, but it was a different economy than it is now, with some of those [current] post-pandemic effects of the tight housing market and the tight labor market."

Persons: Gus Faucher, Dow Jones, Sung Won Sohn, PNC's Faucher, Faucher, JPMorgan Chase, Jamie Dimon, That's Organizations: Federal, PNC Financial Services, CPI, Bureau of Labor Statistics, Loyola Marymount University, SS Economics, Fed, JPMorgan, Monday

☆ Key takeaways from the latest jobs report
▼ + stars: | 2024-03-08 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

“The economy remains strong, held up by a robust labor market,” wrote Christopher Rupkey, chief economist with FwdBonds, in a note Friday. Still, Friday’s jobs report also showed that the whopping gains initially recorded for January and December were revised down by a combined 167,000 jobs. January’s job gains now sit at an estimated 229,000 (down from the blowout 353,000); and December’s job growth at 290,000 (down from 333,000). In February, that included construction (up 23,000 jobs); transportation and warehousing (up 19,700 jobs); and retail (up 18,700 jobs). Friday’s jobs report showed that wage growth is indeed slowing.

Persons: ”, Christopher Rupkey, FwdBonds, “, ” Robert Frick, —, ” Diane Swonk, Swonk, February’s, ” Frick, Julissa Carielo, ” Swonk, Gus Faucher, Lydia Boussour, EY, Boussour, Janet Yellen, CNN’s Kate Bolduan, they’re, ” Yellen, Price, CNN’s Bryan Mena Organizations: New, New York CNN, of Labor Statistics, Navy Federal Credit Union, CNN, KPMG US, Health, Baby Boomers, Transportation Security Administration, DreamOn, Inc, Boomers, Fed, Labor, Federal, PNC Financial Services, “ Fed Locations: New York, San Antonio , Texas, Texas

☆ Americans’ credit scores are falling. That hasn’t happened in a decade
▼ + stars: | 2024-03-07 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Even as unemployment remains historically low and recession fears fade, consumer credit scores are starting to buckle. Although FICO scores remain near record highs — and well above pre-pandemic levels — this marks the first drop in a decade. FICO said the one-point drop in credit scores in late 2023 was driven by an increase in Americans missing payments and also by rising debt levels. However, he said this one-point drop in credit scores is not necessarily a red flag. “The overall outlook for consumer credit quality, and consumer spending growth,” Faucher said, “is still very solid.”

Persons: FICO, FICO’s, Arkali, ”, “, ” Arkali, Banks, ‘, Gus Faucher, Faucher, it’s “, ” Faucher Organizations: New, New York CNN, CNN, New York Fed, Federal Deposit Insurance Corporation, ’ Consumers, NY Fed, PNC Locations: New York

☆ What to expect in Friday’s jobs report
▼ + stars: | 2024-03-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

New York CNN —Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. In fact, it would continue a history-making stretch of labor market expansion. Friday’s jobs report could very well provide a more reliable read on what’s actually happening in the labor market than the jobs reports of recent months’ past, Julia Pollak, chief economist at ZipRecruiter, told CNN. “And so, February might give us a better understanding of the underlying rate of job growth,” she said. What the other labor market data is showingOther economic data released this week reinforces the idea that the US labor market is cooling but remains on solid footing.

Persons: New York CNN — Don’t, Julia Pollak, autoworkers, what’s, hasn’t, Nixon, ” Ron Hetrick, Gus Faucher, stayers ”, Faucher, ”, ” Nela Richardson, outplacement, ” Andrew Challenger, Lydia Boussour, EY, “ Organizations: New, New York CNN, CNN, of Labor Statistics, PNC Financial Services, BLS, Labor, Boomers, ADP, Challenger, ”, Labor Department Locations: New York, US

☆ Stocks making the biggest moves midday: CrowdStrike, Palantir, Super Micro Computer, Brown-Forman and more
▼ + stars: | 2024-03-06 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

JD.com — The Chinese e-commerce platform surged nearly 19% after posting a quarterly revenue increase. Thor Industries — Shares plunged 11% after the recreational vehicle maker posted quarterly revenue that disappointed expectations. In its second quarter, Thor Industries reported revenue of $2.21 billion, weaker than the FactSet consensus estimate of $2.27 billion. Box posted fourth-quarter earnings of 42 cents per share, topping the forecast 38 cents in earnings per share from analysts polled by LSEG. Wall Street firms HSBC and Deutsche Bank upgraded Target to buy after the earnings results.

Persons: CrowdStrike, JD.com, Nordstrom, Morgan Stanley, Locker, HashiCorp, LSEG, Couchbase, Bitcoin, Ether, ChargePoint, Wolfe, Brown, Forman —, Forman, Jack Daniel's, Adam Jonas, Tesla, Fitch, — CNBC's Michelle Fox, Lisa Kailai Han, Hakyung Kim, Pia Singh, Samantha Subin Organizations: Management, Nordstrom, New York Community Bancorp, Reuters, Wall, Bank, — Bank, PNC Financial Services, Northern Trust, T Bank, Thor Industries, FactSet, ChargePoint Holdings, LSEG, OpenAI, —, U.S . Army, Tactical Intelligence, Wall Street, HSBC, Deutsche Bank, Target, Argus, Abercrombie, Fitch, Tech Locations: FactSet ., LSEG .

☆ Charlie Woods, Tiger Woods’ 15-year-old son, enters PGA Tour pre-qualifier event
▼ + stars: | 2024-02-21 | by ( David Close | ) edition.cnn.com time to read: +1 min

CNN —Tiger Woods’ 15-year-old son, Charlie Woods, will compete in a pre-qualifier event Thursday in hopes of making the field for his first PGA Tour start next week. To qualify for the PGA Tour’s Cognizant Classic, Charlie would need to advance from the pre-qualifier and then again from the event’s qualifier Monday. The PGA Tour said just four qualifiers will advance from Monday’s event into the Cognizant Classic field. Aside from winning a state championship, Woods and his legendary father have played together at the PGA Tour’s annual PNC Championship tournament. “I am proud of whatever direction he chooses.”CNN has reached out to Tiger Woods for comment.

Persons: Charlie Woods, Charlie, Sam Snead, Woods, Tiger Woods, Steve Almasy Organizations: CNN, Palm, PGA, PNC Locations: Hobe Sound, Florida

This confidence is echoed by other recent metrics, including a survey by Morgan Stanley showing that consumer sentiment hit a five-month high in January. Economists who spoke to CNBC Make It say it's likely the cumulative effect of wage growth, low unemployment and slowing inflation. "But with slowing inflation and strong wage growth, adjusted-for-inflation incomes are increasing, giving consumers more buying power," he says. Wages increased 5% in January 2024, a three-month moving average of nominal wage growth for individuals, as measured by the Atlanta Fed's Wage Growth Tracker. Wage growth, slowing inflation and low unemployment are the main factors for improved optimism among Americans, Ernest says.

Persons: Morgan Stanley, what's, Robert Johnson, Here's, Gus Faucher, Johnson, Jonathan Ernest, Ernest Organizations: of Michigan, Consumers, New York Federal Reserve, CNBC, Creighton University's Heider College of Business, PNC Financial Services Group, U.S . Department of, Treasury, Federal Reserve, Stock, Case Western Reserve University Locations: New, Atlanta

☆ Tiger Woods shoots one-over, including shank on final hole, in return to competitive action at Genesis Invitational
▼ + stars: | 2024-02-16 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Tiger Woods shot a one-over-par 72 on his return to competitive PGA Tour action on Thursday at the Genesis Invitational, but finished his round with a huge shank to blot his outing. However, Woods admitted afterwards that he was dealing with back spasms for the final three holes of his round, something which helped to contribute to the shank on the 18th hole. Woods hits from a bunker on the 10th hole during the first round of the Genesis Invitational. Woods is chasing his first PGA Tour win since his record-equaling 82nd triumph at the Zozo Championship in October 2019. Woods has said he is aiming to play in one tournament a month this year.

Persons: Tiger, –, Woods, Patrick Cantlay, he’d, Jason Parkhurst, ” Woods, “ It’s, LIV, Jon Rahm, Charlie, Bernhard Langer, Jason . Woods, CNN’s Jack Bantock Organizations: CNN, Los, Country Club, USA, Reuters, Tiger Woods Foundation, FedEx Cup, PGA, PNC, Ritz, Carlton Club Locations: Bahamas, Los Angeles, Florida

LOS ANGELES (AP) — Tiger Woods returned to the PGA Tour and lasted only 24 holes, withdrawing Friday at the Genesis Invitational after hitting his tee shot on the seventh hole. PGA Tour rules official Mark Dusbabek said on the telecast that Woods had an illness, and that it was not related to his ankle or back. Wood was 1-over par for the round and projected just outside the cut when he asked for a cart and was driven off the course by a rules official. Woods had not played an official event since the Masters last April, withdrawing in the middle of the third round of the rain-delayed major. Woods had said he hoped to play one tournament a month through the major season.

Persons: Tiger Woods, Mark Dusbabek, Woods, Wood Organizations: ANGELES, PGA, PNC

☆ Why some investors don’t mind waiting longer for rate cuts
▼ + stars: | 2024-02-15 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

Stocks and bonds both sold off as investors painfully recalibrated their expectations for five to six interest rate cuts this year to align more with the Fed’s projected three cuts. For example, Yardeni Research has pushed back against the idea that immediate rate cuts are necessary to avoid the Fed overshooting on slowing the economy. Stocks wouldn’t crater even if cuts were off the table completely in 2024, according to Bank of America, despite what Tuesday’s losses suggest. “No cuts could stymie a full-fledged recovery in more credit-sensitive areas,” wrote BofA strategists in a note on February 9. That means regional lenders will no longer have that crutch if they run into trouble after the program’s expiration on March 11.

Persons: Jerome Powell, ”, Ed Yardeni, it’s, Marc Dizard, Allison Morrow, Bitcoin, bitcoin, Antoni Trenchev, ” Read, Alicia Wallace, Read Organizations: CNN Business, Bell, New York CNN, Wall, Federal Reserve, Traders, Fed, Federal Deposit Insurance Corporation, US Treasury, Valley Bank, Signature Bank, Yardeni Research, Bank of America, PNC Asset Management Group, Federal Reserve Bank of New, New York Fed, Liberty Street Economics, , New York Fed Locations: New York, pare, Federal Reserve Bank of New York, , New

Woods said his back began to spasm over the final few holes in the Genesis Invitational at Riviera. The shot called for the same club he had just shanked — 8-iron — for a low punch between the trees. “I had a small window there and tried to hit a punch-hook 8-iron after I just shanked an 8-iron," he said. Woods managed five birdies on a pristine day at Riviera, with mostly sunshine and a strong breeze late in the afternoon. A shank is rare, especially for Woods, but it has been a while since he mentioned back spasms.

Persons: Tiger, Woods, ” Woods, “, Patrick Cantlay, Charlie, ”, haven’t Organizations: ANGELES, Sun, PGA, PNC Locations: Southern California

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