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☆ TikTok has become a pseudo-shopping channel, and Gen Z has had enough
▼ + stars: | 2024-04-22 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

@ceevannn #stitch with @Renèe | Influencer Marketing these days, Katy Hearn’s products and branding dont move me to purchase. TikTok influencers stand above IG because of authenticity. As social media marketing evolved, so did the opportunity for influencers to work with more brands. Data shared with the outlet from a YPulse study found that 45% of 13 to 22-year-old respondents felt influencers don't have the sway they used to. Sophie Wood, the director of strategy at influencer marketing agency Fohr, told BI the influencer bubble hasn't burst, it's just changing.

Persons: —, Manrika Khaira, TikTok, it's, Zers, CeeVan, influencers, Katy, rogan, @Madeline Pendleton, Ashley Rector, Quimby, — influencers, Rector, Samantha Zink, Zink, Gen Z, Influencers, Catherine Falls, Sophie Wood, Wood, Hannah Witton, Witton, It's, Jessica Dante Organizations: Service, Business, Influencer, qvc, Federal, Quimby Digital, Zink Talent, Yahoo News, YouTube, Smart, BI, Love Locations: Catherine, London

☆ Tesla's awful 2024 is getting much worse
▼ + stars: | 2024-04-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Tech: A "social walkie-talkie" app is the newest thing tech insiders are excited about . Tesla's awful 2024 got much worse this week when the company cut 10% of its workforce , and a major executive resigned after 18 years at the EV maker. AdvertisementSlaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BIIn the meantime, Tesla's stock keeps falling. Even worse, people who are in the market for EVs aren't necessarily interested in Teslas .

Persons: —, NASA's Chandra, Tesla, we've, Elon Musk, Steve Granitz, Scott Olson, Jia Feng, Graham, Elon Musk's, robotaxis, Slaven, Chelsea Jia Feng, Tesla's, Musk, Andy Sieg, Merrill Lynch, Abanti Chowdhury, who's, Piper Sandler, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Tech, Adobe Stock, The New York Times, EVs, Teslas, Trump, SWANSON, Apple, Microsoft, BI, CNBC, Economy Summit Locations: Chelsea, China, Teslas ., States, New York, London

☆ 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

☆ Marjorie Taylor Greene won’t say what happened to her Trump Media stock
▼ + stars: | 2024-04-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Asked by CNBC and NBC News, Greene wouldn't say what happened to her stock in Digital World Acquisition Corp., which, through a merger with Trump Media and Technology Group, recently started publicly trading as DJT. Trump Media is the parent company of the former president's social media app, Truth Social. A spokesman for Bucshon confirmed to CNBC and NBC News that the Indiana lawmaker still owns stock in the now-merged media company despite the dipping stock price. But Greene would not say what's happened to her stock since her original purchase and her public disclosures have not shown that she sold DWAC or Trump media stock, according to documents archived by LegiStorm, raising questions among ethics lawyers about what happened to Greene's stock. Greene also would not say when asked by NBC News on Wednesday what happened to her Trump Media stock.

Persons: Marjorie Taylor Greene, Donald Trump, doesn't, Greene wouldn't, Greene, Larry Bucshon, Trump, Bucshon, DWAC, Chris Josephs, Josephs, Nick Dyer Organizations: Nasdaq, CNBC, NBC News, Trump Media, Technology Group, Social, DWAC, Indiana, Trump Locations: Rome , Georgia, DWAC

☆ Where investors might hide out if inflation continues to reaccelerate
▼ + stars: | 2024-04-10 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

To guard against stubborn inflation and higher-for-longer interest rates, investors should focus on quality companies with high pricing power and adjust their duration risk in bonds, according to Wall Street strategists and portfolio managers. Pricing power Companies with high pricing power tend to outperform when inflation is elevated because they have the ability to defend their profit margins by passing along higher costs to their end market customers. "In equities, you should prefer companies that have pricing power, i.e. "When inflation is the predominant risk in markets, correlations between stocks and traditional bonds tend to be high. BlackRock's iShares strategy team recently argued that investors should take advantage of spikes in bond yields while they can and reinvest their cash.

Persons: Stocks, Brad Conger, Sonu Varghese, Jason Pride, Pride, Rick Rieder Organizations: Dow Jones, Treasury, Street, Callaghan, Co, Big Tech, Carson Group, Securities, U.S ., Glenmede Trust Locations: Hirtle, BlackRock

☆ Higher for Longer After All? Investors See Fed Rates Falling More Slowly.
▼ + stars: | 2024-04-09 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Investors were betting big on Federal Reserve rate cuts at the start of 2024, wagering that central bankers would lower interest rates to around 4 percent by the end of the year. But after months of stubborn inflation and strong economic growth, the outlook is starting to look much less dramatic. Market pricing now suggests that rates will end the year in the neighborhood of 4.75 percent. That would mean Fed officials had cut rates two or three times from their current 5.3 percent. Central bankers do not want to risk tanking the job market and causing a recession by keeping interest rates too high for too long.

Organizations: Federal

☆ The Fed's first rate cut is still on pace for June with inflation dropping like a rock, Fundstrat's Tom Lee says
▼ + stars: | 2024-04-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed's first rate cut is still on track to come in June, Fundstrat's Tom Lee said. Yet investors are only pricing in a 57% chance of a rate cut by June, per the CME FedWatch tool. AdvertisementThe Fed is still poised to issue its first rate cut in June as the pace of inflation continues to slow, according to Fundstrat's head of research Tom Lee. All that points to a Fed that could be poised to cut rates sooner than markets are expecting, which is good news for stocks. Meanwhile, just 57% of investors are expecting the Fed to issue the first rate cut in June.

Persons: Fundstrat's Tom Lee, —, Tom Lee, Lee, That's, Mohamed El Organizations: Service, Fed, University of Michigan's, France —, Traders Locations: France

☆ Another high-profile cybersecurity incident, another reason to buy our stock in the industry
▼ + stars: | 2024-04-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Investors received another reason to buy shares of Palo Alto Networks , according to Jim Cramer, in light of a cybersecurity incident that has impacted millions of AT & T customers. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance The list of companies making headlines due to cybersecurity incidents is extensive. Palo Alto Networks is our lone cybersecurity holding, even as its formerly red-hot stock has cooled following its Feb. 20 quarterly earnings report . "I do think after speaking with Nikesh that I am very tempted, when this breaks $280, to buy some Palo Alto," he said. In this photo illustration the logo from the cyber security company Palo Alto Networks seen displayed on a smartphone.

Persons: Jim Cramer, didn't, Nikesh Arora, Jim, Arora, Jim Cramer's, Rafael Henrique Organizations: Palo Alto Networks, Club, Microsoft, UnitedHealth, Change, JPMorgan, Palo Alto, Palo, CNBC, Getty Locations: Alto, Palo, U.S, Russian, billings, Palo Alto

☆ Trump risks tanking Truth Social's stock price if he cashes out
▼ + stars: | 2024-03-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Donald Trump's social media platform Truth Social is set to go public next week. Truth Social, a platform developed by former president Donald Trump, has finally secured approval to merge with its shell company Digital World Acquisition Corp. After all, many DWAC investors don't appear to be trading on fundamentals, especially as Truth Social isn't reputed for high usage or revenue. Social Truth user KookyBar said after the merger, writing in a forum dedicated to DWAC. At a price of $40, the newly formed Truth Social entity would be worth more than $5 billion, with Trump owning a majority of the stock.

Persons: Donald Trump's, —, Donald Trump, Joe Biden, Trump, Donald Trump Jr, Devin Nunes, KookyBar Organizations: Service, Corp, Trump, SEC Locations: New York

☆ Retiring early is a dream for many. In reality, some regret it.
▼ + stars: | 2024-03-03 | by ( Matt Turner | Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But when Nupur Dave walked away from corporate life at 40, becoming part of the FIRE (financial independence, retire early) movement, she soon came to regret it . Many of the early retirees who've spoken with BI in the past have shared the challenges that come with quitting work altogether. And there are many more striving to make early retirement a reality .

Persons: —, Nupur Dave, Dave, FIREgret, Dave's, who've, Rebecca Zisser, it's, Jenny Chang, Rodriguez, Alyssa Powell, Steve Pemberton, there's, Pemberton, Robert L, Johnson, America's, Matt Turner, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, Microsoft, Google, Wall, Getty, Walgreens, Toyota, BET Locations: New York

☆ ‘Fear is not a strategy’ — How Jim Cramer learned to make the most of market sell-offs
▼ + stars: | 2024-02-29 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

"You want to be able to embrace the sell-off and say, 'OK, it's going to get me my price,'" Jim said. During these declines, Jim said to focus on a stock's price and pick a level to start buying. Let the other people give you your price," Jim said. "If you just wake up one morning and say, 'Listen, I can't take it anymore,' that's going to be a bad buy," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jeff Marks, Here's, — Emanuel, Jim, Peter, Jeff, Wells, — Ben, they'd, destocking, Seth, we've, it's, hasn't, Eaton, — David, — Kyle, you've, It's, Jim Cramer's Organizations: Humana, DuPont, Eaton Corp, Palo Alto Networks, Enphase Energy, CNBC Locations: Wells Fargo, Eaton

☆ 6 rules to follow to invest like Jim Cramer from when to buy and sell and when to be patient
▼ + stars: | 2024-02-27 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

On the other hand, if you find a great company with a broken stock, the price will eventually follow the strong fundamentals. We didn't see anything on the earnings release or hear anything on the conference call that led us to believe otherwise. Look no further than Danaher 's fourth-quarter earnings release and price reaction. 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.

Persons: Jim Cramer, aren't, it's, Omaha Warren Buffett, Patience, Nelson Peltz, Jim, he's, isn't, Jim Cramer's Organizations: CNBC, Bulls, Microsoft, Nvidia, Palo Alto Networks, Palo Alto, Palo, Investors, GE Healthcare, Abbott Labs, Omaha, Disney, ESPN, Charitable Trust, Investing, Broadcom, VMware, Jim Cramer's Charitable Locations: New York City, GLP1, cybersecurity

☆ Opinion: In the Michigan primary, Biden shouldn’t fear Rashida Tlaib’s threats
▼ + stars: | 2024-02-27 | by ( Opinion John Halpin | ) edition.cnn.com time to read: +8 min

John Halpin Courtesy John HalpinProgressive activists have decided to use this interlude to attack Biden for his centrist positions on immigration, energy policy and the Israel-Hamas war, in particular. Like the senators from his birth state, Biden should ignore these threats from the left and stand up strongly for his vital center perspective. Looking at Michigan specifically, the threat of Arab Americans tanking Biden must also be put in wider perspective. Even with these larger trends in the state, the authors find: “In Dearborn, Dearborn Heights, Hamtramck, and Livonia — the Michigan cities with the highest proportion of Arab American voters — Biden defeated Trump by a combined 38,000 or so votes. Democratic support for more moderate proposals backed by Biden is even higher: Three-quarters of Democrats support a plan to increase the number of immigration judges to speed up action on asylum claims.

Persons: John Halpin, “, Joe Biden, Donald Trump, Biden, Rashida, uncommitted, Democratic Sens, John Fetterman, Bob Casey, Zers, tanking Biden, Karlyn Bowman, Nate Moore, Ruy Teixeira, Obama, —, Mark Mellman, ”, Mellman Organizations: Liberal Patriot, CNN, Democratic, Democrats, Gallup, Pew Research, — Biden, Trump, Survey Center, American Enterprise Institute, Pew, Twitter, Facebook Locations: Michigan, Israel, Gaza, Tuesday’s, Pennsylvania, Black, Dearborn, Dearborn Heights, Hamtramck, Livonia —, Biden’s

CNN —There is still no clear path to avert a partial government shutdown at the end of the week, with just four days until Congress runs into a key funding deadline. Lawmakers had hoped to release the text of a bipartisan spending deal Sunday evening, but the bill has yet to be unveiled. As the clock ticks down to the deadline, Senate Democrats expressed anger and frustration Monday at the growing risk of a shutdown as many criticized House Republicans over the impasse. “Right now, the Republicans can’t seem to get themselves organized just to sign off on the basic work they’re supposed to do. In the Senate, agreement would need to be reached with the consent of all 100 senators to swiftly move any legislation before the deadline to avert a partial shutdown.

Persons: Mike Johnson, ” Sen, Elizabeth Warren of, CNN’s Manu Raju, “, Republicans can’t, Jon Tester, ”, Raju, Joe Manchin, Chuck Schumer, Johnson, Schumer, ” Johnson, Mitch McConnell, McConnell, We’re, Joe Biden, Alejandro Mayorkas, It’s, Kevin McCarthy, Manu Raju, Sam Fossum, Melanie Zanona, Haley Talbot, Betsy Klein, Tami Luhby, Priscilla Alvarez Organizations: CNN, Lawmakers, Louisiana Republican, House Republicans, Republicans, Montana Democrat, West, West Virginia Democrat, House Republican, GOP, Senate, Capitol, White, Senators, Homeland, Schumer, Agriculture, Energy, Transportation, Veterans Affairs, Urban, and Drug Administration, Justice, Commerce, Defense, Homeland Security, State, Education, Human Services, Environmental Protection Agency Locations: Louisiana, Elizabeth Warren of Massachusetts, Montana, West Virginia, New York, Ukraine, Washington, Housing

☆ Elon Musk's problems keep piling up as Tesla's value slides $188 billion this year
▼ + stars: | 2024-02-24 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

The world's richest person has faced problems at Tesla, SpaceX and X, ranging from a tanking Tesla valuation to an X advertiser exodus. Tesla's stock slide has erased about $188 billion from its valuation this year, according to Business Insider's calculations. The stock closed at just under $192, leaving it worth just over $600 billion at the close of trading Friday. Before you start feeling too sorry for Musk, though, he's still worth $208 billion. Justin Sullivan/Getty ImagesDelaware pay rulingTo add insult to injury, a Delaware judge also ruled against Musk's $55 billion Tesla pay package last month.

Persons: —, Elon Musk, Tesla, Seth Goldstein, Morningstar, Roth, Craig Irwin, Warren Buffett's Berkshire Hathaway, Eli Lilly, he's, He's, Elon, Justin Sullivan, Musk, rkbH7mKNw2, Fidelity, Axios, Starlink, Russia's Organizations: Service, Elon, SpaceX, Business, Big Tech, Microsoft, Apple, Nvidia, Meta, Tesla, EV, Bloomberg, Wall, Getty Images Delaware, Musk's, Lone Star, Twitter, Insider Intelligence, X Locations: Delaware, Tesla, Texas, Ukrainian, Chernihiv, Ukraine, Kyiv, Houston

☆ The era of the Magnificent 7 is over, says the analyst who invented the term
▼ + stars: | 2024-02-24 | by ( Aruni Soni | ) www.businessinsider.com time to read: +5 min

It was a good run, but the era of the Magnificent Seven is over for the stock market. "I don't see these seven names rising together," said the analyst who coined the nickname for the group. AdvertisementThe Magnificent Seven are looking a little less magnificent, and aren't really even a band of seven anymore. In a note titled "R.I.P the Magnificent Seven Era," Mike O'Rourke, chief market strategist from Jones Trading, said the group's dominance over the stock market is coming to a close. Back in April 2023, when O'Rourke invented the moniker (although some say it was BofA's Michael Hartnett who coined the term), the Magnificent Seven contributed to a stunning 88% of year-to-date gains.

Persons: —, aren't, Mike O'Rourke, O'Rourke, BofA's Michael Hartnett, Michael Hartnett, That's, it's, " O'Rourke, Tesla, Dan Niles, Satori, Niles Organizations: Service, Jones, Apple, Nvidia, Tesla, Microsoft, Meta, Companies, Satori Fund, Google, CNBC Locations: China

☆ Speaker Johnson’s historically narrow House majority will shrink further after Democrats flip seat in New York
▼ + stars: | 2024-02-14 | by ( Clare Foran | ) edition.cnn.com time to read: +2 min

Republican House Speaker Mike Johnson is overseeing one of the smallest House majorities in history – and Democrat Tom Suozzi’s win in a New York special election will shrink it further. With a breakdown of 219 to 213, House Republicans will only be able to lose only two votes to pass legislation on party-line votes if all members are present and voting. Former New York Democratic Rep. Brian Higgins resigned from Congress earlier this month, former Ohio GOP Rep. Bill Johnson resigned last month and former Speaker Kevin McCarthy resigned at the end of last year. The exact size of the far right of the House Republican Conference can vary from issue to issue. The fate of these politically vulnerable members will be key to whether the GOP can hold on to its majority.

Persons: Mike Johnson, Tom Suozzi’s, Suozzi, Republican Mazi Pilip, George Santos, Brian Higgins, Bill Johnson, Kevin McCarthy, Johnson, McCarthy, Chuck Schumer, Joe Biden, Santos Organizations: Republican, GOP Rep, Republicans, Former New York Democratic, Ohio GOP, House Republican, Democratic, GOP Locations: –, New York

☆ Jim Cramer calls Shopify's financial guidance 'quizzical' after such a strong quarter
▼ + stars: | 2024-02-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said Tuesday that Shopify investors are searching for clues after the company's financial outlook fell short of expectations, tanking shares despite a positive quarter. Shopify reported fourth-quarter earnings before the opening bell, delivering strong year-over-year revenue growth and healthy profitability. But it was management's lower-than-expected margin guidance for the fiscal 2024 first quarter that weighed on shareholder confidence and sent the stock 10% lower in Tuesday trading. But he added that management's guidance was "quizzical" given the company's solid financial results for the quarter and after its strong run last year. SHOP 1Y mountain Shopify 1 year Cramer will speak with Shopify President Harley Finkelstein on "Mad Money" on Tuesday evening to drill down on the quarterly results and the guide.

Persons: CNBC's Jim Cramer, tanking, Shopify, Cramer, Harley Finkelstein

☆ The 'zombie economy' is haunting the stock market and stoking uncertainty, strategist says
▼ + stars: | 2024-02-07 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

The "zombie economy" is haunting the stock market and stoking uncertainty, Canaccord Genuity's chief market strategist told Bloomberg. AdvertisementThe stock market has been jittery lately. One strategist says they've created a "zombie economy" that's contributed to volatility as interest rates have risen. "We kind of still have the zombie economy," Tony Dwyer, the chief market strategist at Canaccord Genuity, told Bloomberg on Wednesday. It's that uncertainty that is bleeding into the stock market.

Persons: Canaccord, —, they've, that's, Tony Dwyer, Genuity, It's, That's, Dwyer, haven't, Jerome Powell Organizations: Bloomberg, Service Locations: New York

☆ 2 House Republicans push back against claims that a president can easily fix the border: 'Why didn't Trump just shut down the border? He couldn't.'
▼ + stars: | 2024-02-07 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

As House Republicans failed Tuesday evening in a vote to impeach Homeland Security Alejandro Mayorkas, two staunch conservative representatives from Texas pushed back against former President Donald Trump's claims that reforming the US-Mexico border is easy. "We're not going to just pass the buck and say that, 'Oh, any president could walk in and secure the border,'" Roy said. "I saw former President Trump make that allegation earlier today on one of his social media posts. But his attempts to halt illegal immigration via a border wall and other means didn't work. "Why didn't Trump just shut down the border if you just think we don't need any changes to law?"

Persons: Alejandro Mayorkas, Donald Trump's, Chip Roy, Trump, We're, Roy, Dan Crenshaw, Crenshaw, didn't Trump Organizations: Service, Republicans, Homeland, GOP, Trump, Business, Cato Institute Locations: Texas, Mexico, United States, Houston

☆ Polestar's CEO just hinted at a looming problem in the EV market: Tanking used values
▼ + stars: | 2024-02-06 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Polestar agreed to let Hertz out of a deal to buy its cars for now. Stipulations in the agreement protect Polestar's resale values. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne piece of a new agreement to pause sales to Hertz by EV-maker Polestar hints at a larger concern in the electric-car market. As Hertz sheds a third of its electric-car lineup , executives are beginning to worry the deluge of used EVs could tank resale values.

Persons: Polestar, Hertz, —, Thomas Ingenlath Organizations: Service, Hertz, EV, Financial Times

☆ Fed meeting walkup: Chair Powell expected to announce rates will hold steady
▼ + stars: | 2024-01-31 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Washington, DC CNN —The Federal Reserve is widely expected to hold interest rates steady Wednesday for the fourth consecutive meeting, leaving them at a 23-year high as policymakers likely discuss the timing of rate cuts. That’s because, if inflation drifts lower but interest rates remain elevated, it causes “real” interest rates to rise, unnecessarily squeezing the economy and risking job losses. A rapidly weakening economy threatening mass job losses is an obvious reason to cut rates, which most economists aren’t currently forecasting. But another concern that has gained some traction is the rise of inflation-adjusted interest rates, which is an argument for rate cuts. The Fed is set to announce its latest policy decision at 2 pm ET on Wednesday, followed by a press conference from Chair Powell at 2:30 pm ET.

Persons: Jerome Powell’s, —, ” Sarah House, “, ”, Christopher Waller, it’s, Mary Daly, they’re, aren’t, Austan Goolsbee, Subadra Rajappa, Générale, Powell Organizations: DC CNN, Federal Reserve, Fed, CNN, ” San Francisco Fed, Fox Business, Chicago Fed, CNBC, PCE, Labor Department Locations: Washington, Wells, ” San

☆ You hear the market expects six Fed rate cuts this year — here's where that data comes from
▼ + stars: | 2024-01-31 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

This week's question: CNBC guests often say six Fed cuts are priced into the 2024 market. – Mike H. When you hear about the number of Federal Reserve interest rate cuts being priced into the market, the data comes from the CME FedWatch tool . The overnight fed funds bank lending rate is the rate that everyone is referring to when talking about Fed rate moves. You may have heard us say things like, the market is trading on Fed rate cuts. This week's question: CNBC guests often say six Fed cuts are priced into the 2024 market.

Persons: Jim Cramer, Mike H, Jerome Powell, Jim Organizations: Federal, CME, That's, CNBC

Local officials have previously reported starvation deaths in their districts, but Ethiopia’s federal government has insisted these reports are “completely wrong”. Only a small fraction of needy people in Tigray are receiving food aid, according to an aid memo seen by The Associated Press, more than one month after aid agencies resumed deliveries of grain following a lengthy pause over theft. Just 14% of 3.2 million people targeted for food aid by humanitarian agencies in Tigray this month had received it by Jan. 21, according to the memo by the Tigray Food Cluster, a group of aid agencies co-chaired by the U.N.’s World Food Program and Ethiopian officials. Aid agencies are also struggling with a lack of funds. A third aid worker said the food aid pause and the slow resumption meant some people in Tigray have not received food aid for over a year.

Persons: Jan, “, ”, Ethiopia’s, Getachew Reda Organizations: Associated Press, Food Program, Ethiopian, AP, WFP, Children's Locations: KAMPALA, Uganda, Tigray, Amhara, U.S, Ethiopia, Ethiopia’s Afar, Oromia

☆ Speaker Mike Johnson’s historically narrow majority has shrunk even further
▼ + stars: | 2024-01-29 | by ( Clare Foran | ) edition.cnn.com time to read: +4 min

House Speaker Mike Johnson is overseeing one of the smallest House majorities in history as Congress confronts upcoming battles over government funding and contentious fights over immigration and impeachment. The razor-thin majority presents an enormous challenge for the speaker, leaving him with almost no room for error as he navigates demands from competing wings of his party. House Majority Leader Steve Scalise’s office has said that he will work remotely until returning to Washington in February as he recovers from a stem cell transplant. House Republicans were nearly evenly divided in the vote, a sign of the deep rift within the conference. The fate of these politically vulnerable members will be key to whether the GOP can hold onto its majority.

Persons: Mike Johnson, Bill Johnson, Kevin McCarthy’s, George Santos, Brian Higgins, Santos, Steve Scalise’s, Hal Rogers of, Johnson, McCarthy, Chuck Schumer, Joe Biden Organizations: Republicans, Ohio GOP, Youngstown State University, GOP Rep, Democratic, CNN, Republican, House Republican, House Republicans, GOP Locations: George Santos of New York, York, Washington, Hal Rogers of Kentucky

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