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As the NFL rolls into Week 4, we have essentially reached the quarter mark of the regular season. GO DEEPER How can the Bills contain Lamar Jackson and what will Buffalo's offense look like vs. Ravens? GO DEEPER NFL Week 4 roundtable: Vikings-Packers showdown, Justin Fields' rise, 0-3 teams in danger3. For the rest of the game, Williams had 34 pass attempts, and the Bears rushed 28 times overall. This week, Williams and the Bears welcome a Rams team that is battered yet still came back to beat the 49ers 27-24 last Sunday.
Persons: It’s, Josh Allen, Lamar Jackson, Patrick Mahomes, Allen, Jackson, Sam Darnold, Jackson’s, Washington, Jayden Daniels, Joe Burrow, Doug Pederson, Press Taylor, Trevor Lawrence, Pederson, Justin Fields, Kirk Cousins, Malik Willis, Jordan, Brian Flores, Andy Reid, Mahomes, Jim Harbaugh, Justin Herbert, Joe Alt, Joey Bosa, Rashawn Slater, Ron Chenoy, Russell Wilson, Mike Tomlin, Wilson, Wilson hasn’t, Fields, Arthur Smith’s, Caleb Williams, Williams, Bryce Young, Willis, Daniels, Washington hasn’t, Shane Waldron, Rob Carr Organizations: Coaches, Bills – Ravens AFC, Bills, Ravens, Chiefs, Jaguars, NFL, Vikings, Jackson’s Ravens, Dallas, Bengals, AFC, … Cincinnati, Panthers, Houston, Press, Jacksonville, Texans, Packers, Cowboys, Giants, MetLife, Falcons, Green, Green Bay and Kansas City, Chargers, NFC, Philadelphia, Kansas City, Minnesota, Titans, AFC West, Steelers, Bowl, Bears, Colts, Chicago, Indianapolis, Rams, 49ers, Getty Locations: Jacksonville, Carolina, Cincinnati, Green Bay and Kansas, L.A, New Orleans, Atlanta, Kansas, hobbled
Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank. The last time the index saw a bigger weekly gain was the week ending Nov. 14, 2008. Hong Kong’s Hang Seng index recorded a weekly gain of 12.75%, making it the index’s best week since February 1998, according to FactSet data. Tokyo’s headline inflation rate eased to 2.2%, down from August’s 2.6%. A slate of fresh U.S. economic data also supported the market’s gains, with weekly jobless claims falling more than expected, pointing to a steady labor market.
Persons: Hong, PBOC, Shigeru Ishiba, Sanae Takaichi, Korea’s Kospi, Australia’s, Organizations: CSI, People’s Bank of China, Google, Shanghai Stock Exchange, Reuters, Japan’s Nikkei, of Japan, U.S ., Micron Technology, Nasdaq, Dow Jones Industrial Locations: China, Shanghai, Asia, Pacific, Tokyo, August’s, U.S
US stocks were mixed Friday, with the Dow closing at a record high while the S&P 500 and Nasdaq edged lower. All three major averages achieved a three-week win streak as investors cheer a resilient economy and cooling inflation. Investors await key jobs data next week, including the September jobs report on Friday morning. But the main event is next Friday, when the September jobs report is released. AdvertisementAccording to Interactive Brokers senior economist José Torres, the jobs report could have a big impact on the broader market.
Persons: , Dow Jones, Clark Bellin, José Torres, Torres Organizations: Dow, Nasdaq, Service, Fed, Labor, Survey, ADP, Interactive Locations: Here's
Key Fed inflation gauge at 2.2% in August, lower than expected
  + stars: | 2024-09-27 | by ( Jeff Cox | ) www.cnbc.com   time to read: +2 min
Economists surveyed by Dow Jones had been expecting all-items PCE to rise 0.1% on the month and 2.3% from a year ago. Excluding food and energy, core PCE rose 0.1% in August and was up 2.7% from a year ago, the 12-month number 0.1 percentage point higher than July. "All quiet on the inflation front," said Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley. Personal income increased 0.2% on the month while spending rose 0.2%. At their meeting last week, policymakers indicated a likelihood of another half percentage point in cuts this year then a full point in reductions for 2025, though markets expect a more aggressive path.
Persons: Dow Jones, Chris Larkin, Morgan Stanley Organizations: Commerce Department, Fed, Stock Locations: U.S
Deals valued at $1 billion-plus worldwide are up 22% from a year ago, LSEG data shows. Wall Street executives have been bullish about the burgeoning pipeline for deals. AdvertisementFor Wall Street deal makers, the billion-dollar bangers are back. So what has revived what Wall Street refers to as the "animal spirits," at least when it comes to bigger targets? Other Wall Street bank chieftains, like Ted Pick of Morgan Stanley and Peter Orszag of Lazard, have been bullish about the M&A pipeline.
Persons: , Mars, David Solomon, Goldman Sachs, Solomon, we've, AlphaSense, Ted Pick, Morgan Stanley, Peter Orszag, Hernan Cristerna Organizations: Verizon, Qualcomm, Wall Street, Service, Paramount Global, CBS, Nickelodeon, Verizon Communications, Frontier Communications, Intel, Wall, Lazard, KPMG, Bloomberg Locations: Ukraine
US stocks rose after cool inflation data suggested more room for Federal Reserve rate cuts. The personal consumption expenditures price index increased 0.1% in August, matching estimates. AdvertisementUS stocks rose on Friday after cool inflation data suggested that the Federal Reserve has more room to cut interest rates. The personal consumption expenditures price index, which is considered the Fed's preferred inflation measure, increased 0.1% in August, in-line with economist estimates. On a year-over-year basis, the PCE Index rose 2.2%, slightly below economist estimates of 2.3%.
Persons: , Clark Bellin, Bellin, Sonu Varghese, that's, Varghese Organizations: Federal, Service, Federal Reserve, Bellwether Wealth, Business, Carson Group, Here's
LONDON — European markets headed for a higher open on Friday as investors weighed the outlook for the economy and looked to fresh data. European stocks had climbed Thursday, with the pan-European Stoxx 600 closing 1.25% higher after being boosted by gains in Asia-Pacific markets. Those widely continued their climb on Friday, still buoyed by China's announcement of stimulus measures earlier in the week. Economists are expecting headline PCE to have risen 2.3% on an annual basis and 0.1% from the previous month. Back in Europe, preliminary inflation data for September is expected out of France, and the latest German unemployment data is also due.
Persons: Germany's DAX Organizations: CAC, MIB, LONDON, People's Bank of, PCE Locations: Asia, Pacific, People's Bank of China, U.S, Europe, France
Which Battleground State Voters Could Sway the Election? It says that in order for Democrats to win, Black voters must make up 30 percent of all voters and at least 30 percent of white voters must vote Democratic. Black voters, who cast nearly a third of the ballots in 2020, overwhelmingly favored Mr. Biden — by almost 90 percent. That’s because educational attainment divides mostly white voters, and many of Nevada’s less-educated voters are not white. Even so, that wasn’t enough for him to overcome the coalition of white voters with a college degree and voters of color who delivered Mr. Biden a victory.
Persons: they’ve, Biden, Biden’s, Donald J, Trump, , Mark Kelly, , Samara Klara, Charles S, Bullock, Kamala Harris, Andra Gillespie, , “ There’s, Matt Grossmann, David Damore, suburbanites, Chris Cooper, Trump’s, Charles Franklin Organizations: Hispanic, The New York Times, White Hispanic, Democratic Senate, Mr, Biden, University of Arizona ., White, University of Georgia, Democratic, Black, Georgia, Emory University . Georgia, Suburban, Arab American, Michigan, , Michigan State University, Israel, Democratic Party, University of Nevada, Rural, Voters, North, Western Carolina University, Wisconsin, University of Wisconsin ., Marquette Law Locations: The, Arizona, U.S, University of Arizona . Georgia, Georgia, Michigan, Detroit, American, Gaza, Nevada, Las Vegas, , Carolina, North Carolina, Greensboro, Asheville, Trump, ” Pennsylvania, Pennsylvania, Pittsburgh, Pennsylvania’s, Philadelphia, Wisconsin, Milwaukee, Madison, University of Wisconsin . Wisconsin, Dane County
The S & P 500 earned three records this week alone. The S & P 500 is also moving in tandem with de facto market leader Nvidia , which advanced 4.6% on the week. Meanwhile four sectors in the S & P 500, real estate, financials, energy and health care, all ended the week lower. .SPX NVDA 5D mountain The S & P 500 still ended the week higher despite a slight pullback in gains on Friday. The month is typically the worst stretch of the year, but so far the S & P 500 is ahead 1.6%.
Persons: Michael Rosen, NVDA, Lori Calvasina, Calvasina, CNBC's Organizations: Nvidia, Equity, Angeles Investments, Macro, Nasdaq, Dow Jones, RBC Capital Markets
Chipping away: Shares of Wells Fargo popped around 5% on signs of progress in its multiyear journey to clean up its operations and have its Federal Reserve-mandated asset cap removed. In addition, this news pushes back on the idea that Wells Fargo recently suffered a regulatory setback. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.
Persons: Jim Cramer, Wells, Wells Fargo, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Micron, Street, Department of Justice, AMD, Starbucks, Chipping, Reserve, Bloomberg News, Fed, Bloomberg, Currency, Club, Costco, Jim Cramer's Charitable Locations: China, Wells
Stock futures traded near the flatline Thursday night as Wall Street awaits a key inflation reading. Futures tied to the Dow Jones Industrial Average were little changed, as were S&P 500 futures . In the fiscal fourth quarter, the warehouse retailer reported earnings of $5.29 per share on $79.70 billion in fourth-quarter revenue. The so-called PCE is the Federal Reserve's preferred inflation metric, and policymakers and Wall Street alike are hoping for figures that show a cooling trend. The three major indexes are higher for the week, with the S&P 500 up nearly 0.8% and the 30-stock Dow Jones Industrial Average on pace to rise 0.3%.
Persons: LSEG, Jeffrey Roach Organizations: NYSE, Stock, Dow Jones, Nasdaq, Costco Wholesale, Financial, Traders Locations: U.S
Southwest Airlines — The airline jumped 11% after it raised its third-quarter revenue forecast and authorized $2.5 billion in share buybacks. Starbucks — The coffee chain rose nearly 2% after Bernstein upgraded shares to outperform , citing confidence in the company's new CEO . CarMax — The used car retailer jumped nearly 6% after topping sales estimates for the fiscal second quarter. New York Community Bank — Shares of the regional lender jumped nearly 8% after Barclays upgraded the stock to overweight from equal weight. Accenture — The professional services stock rose nearly 5% on better-than-expected fiscal fourth quarter results.
Persons: Bernstein, Jabil, Goldman Sachs, Goldman, Morgan Stanley, Erik Woodring, , Jesse Pound, Yun Li, Alex Harring, Pia Singh, Hakyung Kim Organizations: Micron Technology, Applied Materials, ASML, Lam Research, Wall Street Journal, Justice Department, Southwest Airlines —, Elliott Investment Management, Starbucks, NRG Energy, GE Healthcare —, UBS, Jefferies, New York Community Bank, Barclays, Bilibili, Accenture Locations: China, Bilibili —
WASHINGTON — Protesters in some U.S. cities demonstrated on Tuesday against American military support for Israel as risks have risen of a full-fledged conflict in the Middle East, with anti-war activists demanding an arms embargo against the U.S. ally. The United States has maintained support for its ally during this war despite domestic and international criticism. Fatih Aktas / Anadolu via Getty ImagesIn May, Biden said U.S. support for Israel was “ironclad”, while also calling for an immediate ceasefire. The situation has raised concerns of a widened regional war that could destabilize the Middle East. Leaders of different United Nations member states met this week in the United States with the situation in the Middle East being top of the agenda.
Persons: , “ Biden, Harris, Trump, Joe Biden, Kamala Harris, Donald Trump, Benjamin Netanyahu, , Fatih Aktas, Biden, ” Biden Organizations: Protesters, Palestine, Bibi, Israeli, U.S ., Phoenix, United, Getty, Israel, Jewish American Heritage, White, Court, United Nations Locations: WASHINGTON, Israel, U.S, Herald, New York City, Lebanon, , Washington, Gaza, San Francisco, Seattle, San Antonio, United States, Anadolu, Palestinian, Lebanese, Iran
Researchers at Khalifa University in Abu Dhabi have developed a high-tech solution to searching huge, arid areas for potential archaeological sites. Traditionally, archaeologists use ground surveys to detect potential sites of interest, but that can be time-consuming and difficult in harsh terrains like the desert. “Once it was trained, it gave us an indication of other potential areas (nearby) that are still not excavated,” says Francis. Khalifa University isn’t alone in using artificial intelligence to detect potential sites. If archaeologists find the structures the algorithm has predicted, Dubai Culture plans to use the technology to unearth more sites.
Persons: , Diana Francis, Francis, Ben Romdhane, Saruq Al, Hadid, Expediting, Amy Hatton, Max Planck, Hatton, isn’t, Amina Jambajanstsan, Hugh Thomas, — Thomas, Thomas, Unearthing, Al Hadid Organizations: CNN, Khalifa University, Dubai Culture, Max, Max Planck Institute, Geoanthropology, Khalifa, University of Sydney Locations: Abu Dhabi, Dubai, Saudi Arabia, Mongolia —, Alaska, Southern Mongolia, Egypt, Africa
China central bank cuts medium-term loan rate
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: +1 min
China's central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy. China's central bank lowered the cost of its medium-term loans to banks on Wednesday in a move consistent with broad policy easing measures announced a day earlier to shore up a flailing economy. The People's Bank of China said it cut the rate on 300 billion yuan ($42.66 billion) worth of one-year medium-term lending facility loans to some financial institutions to 2.00% from 2.30%. The bid rates in Wednesday's operation ranged from 1.90% to 2.30%, and the total balance of MLF loans now stands at 6.878 trillion yuan, the central bank said in an online statement. A batch of 591 billion yuan worth of MLF loans expired this month.
Organizations: People's Bank of Locations: People's Bank of China, Beijing
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. How much will oil demand grow? Oil demand will experience "robust medium-term growth," reaching 112.3 million barrels per day in 2029 from 102.2 million barrels per day in 2023, according to OPEC's 2024 World Oil Outlook report. The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.
Persons: Stocks, Consumer's, September's, Dow, Goldman, Denis Coleman, Jamie Dimon, JPMorgan Chase Organizations: CNBC, Dow Jones, U.S . Federal, JPMorgan, International Energy Agency
Following the trade, Jim Cramer's Charitable Trust will own 265 shares of META, decreasing its weighting to 4.4% from 4.56%. As a result, the market is now overbought, with the S & P Short-Range Oscillator climbing to 7.36% as of Tuesday's close. (Anything above a plus 4% indicates the market is overbought; anything below a minus 5% indicates the market is oversold.) META YTD mountain Meta Platforms YTD We're inclined to do some profit-taking. We upgraded Meta shares to a 1 rating on Aug. 2, and they are up roughly 17% since then.
Persons: Jim Cramer's, it's, Jim Cramer, Jim Organizations: Danaher, Federal Reserve, Nasdaq, Dow Jones, Justice, Google, CNBC Locations: China
CNBC Daily Open: Some caution might be good for markets
  + stars: | 2024-09-25 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. While analysts think this move may mark the end of China's deflationary streak, many think monetary policy is not enough. How much will oil demand grow? The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.
Persons: Larry Hu, Consumer's, September's, Dow Organizations: CNBC, Dow Jones, U.S ., People's Bank of China, Macquarie, International Energy Agency, U.S, U.S . Federal, Barclays, Citi Locations: Corte Madera, Corte Madera , California, Asia, Pacific, China, U.S .
The company sees fiscal first quarter adjusted earnings coming in at roughly $1.74 per share and revenue of around $8.70 billion. Fuller's adjusted earnings in the fiscal third quarter came in at $1.13 per share on revenue of $918 million. However, the company's $2.39 billion revenue was higher than the $2.38 billion estimate. Armada Hoffler Properties — Shares of the real estate investment trust dipped 5% after Armada Hoffler announced the commencement of the public offering of 7 million shares of its common stock. Adjusted earnings came in at 56 cents per share, compared to $1.26 per share a year ago.
Persons: LSEG, H.B, Fuller, Armada Hoffler, Darla Mercado Organizations: Micron Technology, Applied, Lam Research, Fuller Co, Armada, Worthington Steel
Why Trump is polling better in Georgia than North CarolinaBy Steve KornackiThe latest round of New York Times/Siena College state polls is a continuation of what has become a pattern: Donald Trump seems to be faring slightly better in Georgia than in North Carolina. And Trump is up by 2 points in North Carolina, where he prevailed by 1.3 points four years ago. And yet — at least in polling — it’s Georgia, not North Carolina, where Trump seems better positioned. According to exit polling, Trump won the noncollege white vote in each state by roughly the same margin in 2020: 59 points in Georgia and 57 points in North Carolina. It’s a smaller lead among a slightly smaller share of the electorate than Harris has over those early voters.
Persons: Donald Trump's, Ben Kamisar, Steve Kornacki, Donald Trump, Trump, Kamala Harris, Joe Biden, Mark Robinson, we’re, Harris, , Bill McInturff, Republican pollster, Jeff Horwitt, Barack Obama, Hillary Clinton Organizations: NBC, White House, Capitol, Trump, New York Times, Siena College, Times, Peach, GOP, Democratic, it’s, Republicans, Republican, Hart Research Associates, Wall Locations: Georgia, North Carolina, Siena, Democratic Atlanta, Charlotte, Raleigh, Durham, it’s Georgia, Michigan , Pennsylvania, Wisconsin,
Low global demand forecasts, coupled with new oil supply coming from non-OPEC countries, spell a long period of subdued crude prices. Has demand growth hit its apex, and is it just downhill from here? The oil producer group's 2024 World Oil Outlook report, released Tuesday, predicts strong energy demand growth of 24% globally between now and 2050. It also forecasts "robust medium-term growth" in oil demand reaching 112.3 million barrels per day in 2029, an increase of 10.1 million barrels per day compared to 2023. The IEA still sees global oil demand rising; it just forecasts a smaller rise, and expects it to peak by the end of the decade.
Persons: It's Organizations: Brent, International Energy Agency, The, IEA Locations: Saudi, Ras Tanura, Saudi Arabia, OPEC, The Paris
StackGen raised $12.3 million in seed funding led by Thomvest Ventures. The startup uses AI to auto-generate infrastructure from code, boosting developer efficiency. Generative AI is transforming software engineering, with many startups securing large seed rounds. AdvertisementGenerative AI is giving software engineering a massive boost, and one startup just raised a supersized seed round for its tech that uses code to create generative infrastructure. The startup, formerly known as appCD, rebranded to StackGen and raised a $12.3 million seed funding round led by Thomvest Ventures.
Persons: StackGen, Organizations: Thomvest Ventures, Service, StackGen, FireBolt Ventures, WestWave, Business
UniCredit announced on Monday it had increased its stake in German lender Commerzbank to around 21% and submitted a request to boost the holding to up to 29.9%. The Italian bank acquired the additional Commerzbank shares through financial instruments, it said in a Monday statement. Earlier this month, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the German government. However, as was the case for UniCredit, such potential requires action for it to be crystalized," the bank said on Monday. Commerzbank shares were down 0.4% by 11:50 a.m. London time, while UniCredit shares fell 2.3%.
Persons: UniCredit, Commerzbank, Berlin Organizations: Federal Locations: Frankfurt, Germany, Commerzbank, London
Here’s what could knock the stock market’s momentum
  + stars: | 2024-09-23 | by ( Fred Imbert | ) www.cnbc.com   time to read: +3 min
The S & P 500 also reached an all-time high last week and posted a weekly advance of 1.4%. Here's a look: Valuations The S & P 500 trading near record highs is a double-edged sword, as valuations are also at historically high levels. "The S & P 500 is already trading a little above where it deserves to at year-end 2024." Scott Chronert of Citi also noted that six of the 11 S & P 500 sectors have "valuation composites near/at top decile levels." The S & P 500 has averaged a 2.3% loss in September over the past 10 years, according to FactSet data.
Persons: Stocks, it's, Lori Calvasina, Scott Chronert, BTIG's Jonathan Krinsky, Kamala Harris, Donald Trump, Piper Sandler, Craig Johnson, Gonzalo Asis, RBC's Calvasina, Citi's Chronert Organizations: Dow Jones, Federal Reserve, RBC Capital Markets, Citi, NBC, Presidential, PCE, Bank of America
John Stones sends Man City back to the top of the table 🔝#MCIARS pic.twitter.com/XY8DbUAVDD — Premier League (@premierleague) September 22, 2024Is this now a proper rivalry? AdvertisementThe tussle at the top of the Premier League is hotting up. Gabriel’s header to put them 2-1 up made it 31 Premier League goals they’ve scored from corners since the start of the 2022-23 season. I’m expecting 100 Premier League games to be 10 against 11 or nine vs 10 this season. Tuesday, September 24: Watford (H), Carabao Cup, 7.45pm BST, 2.45pm ETSaturday, September 28: Newcastle United (A), Premier League, 12.30pm BST, 7.30am ETWhat next for Arsenal?
Persons: John, Erling Haaland, Riccardo Calafiori, Gabriel, Leandro Trossard, David Raya, Sam Lee, James McNicholas, Charlie Scott, Liam Tharme, John Stones, roper, ade, ames, ree, cott, lew, alf, ecame, lear, nock, J ames, ere,, ince, ike, orth, Organizations: League, Etihad, Manchester City, Arsenal, City, Atalanta, Man, ards, ust Locations: ards
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