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☆ Gold hits one-week high on Fed rate cut bets
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices climbed to their highest level in a week on Thursday as softer U.S. economic data increased the likelihood of interest rate cuts from the Federal Reserve this year. Spot gold was up 0.3% at $2,333.62 per ounce as of 0329 GMT after hitting its highest since June 12 earlier. "I am still favoring moves to the upside for the gold market in light of where we currently stand on the interest rate curve, which is at the peak," said Tim Waterer, chief market analyst at KCM Trade. "The gold market seems content to consolidate recent gains rather than reach higher at this stage, at least until we see some further evidence of softening U.S. macro data, which could alter the interest rate outlook."

Persons: Tim Waterer Organizations: Co, Federal Reserve, KCM, ANZ, U.S Locations: Bangkok, Thailand

Morgan Stanley lowered its price target on Nike. Meanwhile, UBS upgraded Best Buy to buy from neutral. — Brian Evans 6:45 a.m.: UBS upgrades Newmont UBS thinks rising gold prices into 2025 can help lift Newmont Corporation moving forward. — Brian Evans 6 a.m.: UBS upgrades Best Buy, forecasts outperformance ahead UBS thinks a potential forthcoming appliance upgrade cycle as well as new product offerings could lift Best Buy stock. The bank reiterated its overweight rating on shares but trimmed its price target to $114 from $116.

Persons: Morgan Stanley, Goldman Sachs, Toll, Susan Maklari, — Brian Evans, Daniel Major, Major, Michael Lasser, Lasser, BBY, Alex Straton, Fred Imbert Organizations: CNBC, Nike, UBS, Newmont, Dow Jones

☆ 2024 men’s T20 World Cup: boasting over a billion fans, cricket arrives on the shores of the US
▼ + stars: | 2024-06-01 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

And now, 180 years later, international cricket returns to the US with the men’s T20 World Cup. Three venues across the country – in Lauderhill, Florida, New York and Dallas – have been constructed to host T20 World Cup games. The Grand Prairie Cricket Stadium in Dallas, Texas, will host the first game of the men's 2024 T20 World Cup. The Kensington Oval in Bridgetown, Barbados, will host the men's T20 World Cup final. How to watchThe 2024 men’s T20 World Cup begins on Saturday, June 1, with the two North American debutants – the US and Canada – opening proceedings against one another.

Persons: cricket’s, –, US –, Dallas –, Lauderhill, Shelby Tauber, ” Victor Cruz –, New York Giants –, Monank Patel, Corey Anderson, Anderson, Ali Khan, Khan, “, Brian Lara, Viv Richards, Chris Gayle, Randy Brooks, St, Vincent, “ I’ve, Frank Nsubuga, Joel Ford, ” Organizations: CNN — Cricket, Major League Cricket, US, Dallas, Nassau County International Cricket, Prairie Cricket, Bloomberg, Getty, Inter Miami, Major League Soccer, New York’s Major League Baseball, Adelaide Oval, “, New York Giants, New Zealand, Black Caps, Guardian, Caribbean . Cricket, West Indies, Kensington, North, Reuters, ICC, Grand Prairie Cricket, West, Sunday, Sky Sports, UK Star Sports Network, Disney Locations: Manhattan, Caribbean, Lauderhill , Florida , New York, Nassau, New York, India, Pakistan, Dallas , Texas, Florida, Australia, York, Ohio, Trinidad and Tobago, Guyana, Barbados, Bridgetown, AFP, Barbuda, Saint Lucia, Grenadines, Uganda, Canada, Papua New Guinea

☆ 2024 WNBA season: How to watch as a new era of women’s basketball dawns
▼ + stars: | 2024-05-14 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

CNN —Never before has there been such anticipation ahead of a WNBA season. It’ll be a busy opening day of action, with four games on the slate – including Caitlin Clark’s Indiana Fever debut at 7.30 p.m. 1 pick in April’s 2024 WNBA draft. But now Clark will lace up her shoes for her WNBA debut when she and her Indiana teammates travel to Connecticut to face the Sun. Angel Reese will look to impress in her debut season for the Chicago Sky.

Persons: Caitlin Clark’s Indiana, Clark, TickPick, Caleb Williams, ” Clark, “, Gregory Shamus, Lin Dunn, Los Angeles Sparks –, –, Cameron Brink, Rickea Jackson, Sparks, Jackson, Angel Reese, Melissa Tamez, Kamilla Cardoso, Reese, Cardoso, A’ja Wilson, Kelsey Plum, Alysha Clark, Candance Parker, Sabrina Ionescu, Breanna Stewart, Courtney Vandersloot, Jonquel Jones, Sandy Brondello, Alyssa Thomas, DeWanna Bonner, Leila Lacan Organizations: CNN, WNBA, Washington Mystics, New York Liberty, Entertainment, Sports Arena, Mystics, Liberty, ESPN3, ESPN, Amazon Prime, ION, NBA, ABC, CBS Sports Network, CBS, Paramount, NCAA, Iowa Hawkeyes, Chicago Bears, Sun, Mohegan Sun, Aliyah, Los Angeles Sparks, Los, Chicago Sky, LSU, Aces, Las Vegas Aces, Las, Barclays Center . The Liberty, Vegas, Connecticut Sun Locations: Washington , DC, Indiana, Connecticut, Aliyah Boston, Boston, Clark, Boston , Indiana, Brink, Los Angeles, Chicago, Illinois, South Carolina, Las Vegas, New York, Angers, France

☆ South Korea prepares support package worth over $7 bln for chip industry
▼ + stars: | 2024-05-12 | by ( ) www.cnbc.com time to read: +1 min

A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesSouth Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a "war" in the semiconductor industry. Finance Minister Choi Sang-mok said the government would soon announce details of the package, which targets chip materials, equipment makers, and fabless companies throughout the semiconductor supply chain. South Korea is also building a mega chip cluster in Yongin, south of its capital, Seoul, which it touts as the world's largest such high-tech complex. President Yoon Suk Yeol has vowed to pour all possible resources into winning the "war" in chips, promising tax benefits for investments.

Persons: SeongJoon Cho, Choi Sang, mok, Choi, Yoon Suk Yeol Organizations: Samsung Electronics Co, Galaxy, Bloomberg, Getty Images, Finance Locations: Seoul, South Korea, Korea

Sticky inflation has pushed mortgage rates up in recent months, and we likely won't see them trend down until inflation starts decelerating again. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-Year Fixed Mortgage Rates Go Up (+0.23%)The average 15-year mortgage rate is 6.48%, 23 basis points higher than last week. Mortgage Refinance Rates30-Year Fixed Refinance Rates Fall Slightly (-0.11%)The average 30-year refinance rate is 7.42%, 11 basis points lower than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

Persons: decelerating, it's, you'll, It's, refinance Organizations: Federal, US, of Economic, Zillow, FHA Locations: Chevron

☆ Stocks making the biggest moves after hours: Meta, IBM, Chipotle, ServiceNow and more
▼ + stars: | 2024-04-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Ford Motor — The automobile stock rose 2% after posting a first-quarter adjusted earnings beat and raising its adjusted free cash flow outlook for 2024. On the other hand, Ford's first-quarter revenue came in below expectations. First-quarter revenue of $14.46 billion missed consensus estimates of $14.55 billion, LSEG said. Chipotle earned $13.37 per share, excluding items, outpacing the $11.68 per share LSEG estimate, as traffic to its restaurants was robust. United Rentals — The equipment rental company added 2.4% after posting a first-quarter adjusted earnings and revenue beat.

Persons: LSEG, Ford's, Ethan Allen, Ethan Allen's, Chipotle, Lam, ServiceNow, —, Christina Cheddar, Berk, Darla Mercado, Scott Schnipper Organizations: Technology, Facebook, Meta, Ford, Machines, IBM, Whirlpool, Research, Lam Research, Revenue, Churchill, United Rentals

Though they spiked up earlier this week, mortgage rates have inched down over the past few days and are in line with last week's levels. Once the Fed cuts rates, mortgage rates should start to trend down, too. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-Year Fixed Mortgage Rates Back Below 6% (-0.10%)The average 15-year mortgage rate is 5.93%, down from last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

Persons: they're, you'll, It's, refinance Organizations: Federal Reserve, Zillow, FHA Locations: Chevron

☆ Dollar Tree posts downbeat results, plans to shut nearly 1,000 stores
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: +2 min

Dollar Tree missed Wall Street expectations for quarterly sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stores, as the retailer looks to revamp the struggling business. Dollar stores have been struggling to deal with a shift in consumer spending to lower-margin essentials from higher-margin discretionary products like home decor, electronics and toys. In November, Dollar Tree had said it would be reviewing its Family Dollar business, including potentially shutting down underperforming stores, to return to growth. The discount store chain said it would close about 600 Family Dollar stores in the first half of fiscal year 2024 and 370 more over a period of a few years along with 30 Dollar Tree outlets, as their lease terms expire. For the full year, Dollar Tree expects sales between $31 billion and $32 billion, the mid-point of which is below analysts' estimate of $31.65 billion.

Organizations: Walmart Locations: Chesapeake , Virginia

☆ Dollar General's brand is showing some cracks and may be a warning sign ahead of earnings
▼ + stars: | 2024-03-12 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +7 min

In collecting this data, the firm saw a deterioration in the Dollar General brand last year. As of Monday's close, Dollar General's stock is up more than 57% from a 52-week low of $101.09 reached in mid-October. Their research found that consumers felt the cleanliness of Dollar General's stores, a top five driver of satisfaction, lagged key peers Dollar Tree and Family Dollar, and fell 2% further in February. Until November, shoppers rated Family Dollar and Dollar General's product offerings more or less on a par with each other. In addition to Dollar General's own challenges, all dollar stores are likely being hurt by weaker spending among low income consumers.

Persons: Vasos, what's, Todd Vasos, Jeff Owen, Gordon Haskett, Chuck Grom, Grom, bode, Piper Sandler, Peter Keith, Keith, Morgan Stanley, Simeon Gutman, Gutman, Michael Lasser, Lasser, Matthew Boss, — CNBC's Michael Bloom Organizations: Dollar, DG, Occupational Safety, Health Administration, SNAP, UBS, JPMorgan

☆ These 28 regional and community banks exceed regulators' threshold for high commercial real estate concentration risk: here's what's really at stake.
▼ + stars: | 2024-03-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

But where banks' exposure to commercial real estate is concerned, locating that fire may be difficult. Rising interest rates quickly increased the cost of borrowing for investors in commercial real estate, including offices and multifamily homes. It doesn't reveal details such as borrowers' track records, said Mark Hillis, a former chief risk officer for commercial real estate at JPMorgan. There's also varying concentration risk: the largest banks with commercial real estate exposure are more diversified, meaning that any losses won't be as devastating, Baker said. "We think very few banks will run into issues just from their commercial real estate exposure," Reidy said.

Persons: Michael Barr, Jerome Powell, Todd Baker, Mark Hillis, Clifford Rossi, Robert H, Rossi, Baker, There's, Hillis, multifamily, haven't, You'll, Banks, you'll, Rebel Cole, NYCB, Matt Reidy, Reidy, Cole Organizations: Federal Reserve, Business, York Community Bank, SEC, Richman Center for Business, Law, Columbia University, JPMorgan, Smith, Smith School of Business, University of Maryland, Mortgage Banker's Association, Bank, Signature Bank, First, Countrywide Bank, Washington Mutual, Citigroup, multifamily, Florida Atlantic University, Federal, Regulators, TCRE, Equity RCRE, Community Bank, Provident Bank NJ, Merchants Bank of Indiana, Apple Bank for Savings, Oceanfirst Bank, Independent Bank, Lakeland Bank NJ, Ozk, Washington Federal Bank WA, Axos Bank, Sandy Spring Bank, Columbia Bank NJ, Farmers, Merchants Bank of CA, Popular Bank, Pacific Premier Bank, United Bank, Trust, Rockland Trust, Umpqua Bank, ServisFirst Bank, Bell Bank, Stellar Bank, National Bank of, National Bank of Florida FL, New York Community Bank Locations: multifamily, Basel, CRE, California, Rockland, National Bank of Florida

☆ I'm a job-hopper who's worked 4 jobs in 6 years. I can take risks in my 20s — but I plan to stop in my 30s.
▼ + stars: | 2024-02-29 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

Having been a job-hopper in her 20s, she says she expects to stay in jobs longer in her 30s. I quit my 2nd job because I couldn't see a future thereI started searching for jobs in the nonprofit sector. I was asked why I had moved jobs so often in an interviewI think job-hopping is good for your 20s. AdvertisementJob-hopping doesn't work foreverI'm only job-hopping because I'm able to take more risks at this stage in my life. I'm planning on staying longer in future roles and plan to be more cautious when accepting new roles in the future.

Persons: Bremda Acosta, —, I've, I'd, I'm Organizations: Service, Syracuse University Locations: I'm, New York City, Dominican Republic, Spanish, Brooklyn, Montana, Iowa, New York

☆ Two Dead, Scores Injured After Police Open Fire in India's Manipur State
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Tora AgarwalaGUWAHATI, India (Reuters) - At least two people were killed and scores injured in India's northeastern Manipur state after security forces opened fire at a mob in Churachandpur district late on Thursday, a police official said, as sporadic violence continued in the region. Churachandpur, home to the Kuki-Zo community, was among the first areas in the state to witness ethnic clashes when violence first erupted in May. About 400 people stormed the district police chief's office at around 7.30 p.m. (1400 GMT), demanding the order be revoked. The official said about 25 people were injured, and were being treated in hospital. The Indigenous Tribal Leaders' Forum (ITLF), an apex tribal body, warned district police chief Shivanand Surve, who had issued the suspension order, to leave Churachandpur within the next 24 hours.

Persons: Tora Agarwala, Shivanand Surve, Sudipto Ganguly, Kim Coghill Organizations: Security, Authorities, Indigenous Tribal Leaders ' Locations: Tora Agarwala GUWAHATI, India, India's, Manipur, Churachandpur, Kuki, Myanmar

Mortgage rates rose following the release of the latest Consumer Price Index data, and they remain elevated today. Though the Fed doesn't directly impact mortgage rates, investor expectations of Fed policy moves can push mortgage rates up or down. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-Year Fixed Mortgage Rates Up Closer to 7% (+0.24%)The current average 30-year fixed mortgage rate is 6.68%, up 24 points from where it was this time last week. 15-Year Fixed Mortgage Rates Back Above 6% (+0.31%)The average 15-year mortgage rate is 6.05%, up 31 points from last week.

Persons: they've, we'll, you'll, It's, refinance Organizations: of Labor Statistics, Federal Reserve, Zillow, FHA Locations: reaccelerate, Chevron

☆ A BASE jumper fell to his death after leaping 29 stories from a hotel roof and his parachute failed to open
▼ + stars: | 2024-01-29 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Read previewA British BASE jumper fell 29 stories to his death in Thailand after his parachute failed to work properly, according to multiple reports. AdvertisementBoy told Khaosod that he spotted Odinson's parachute string was snagged after he jumped. An employee of the condominium told Khaosod that Odinson had done the jump from the building "many times before," seemingly in order to create video content. The page's last post was just hours before Odinson's jump. AdvertisementHarry Hongjindapong, listed as the drop zone operator for Thai Sky Adventures, said on his Facebook page that a funeral will be held for Odinson in Pattaya on February 4.

Persons: —, Nathy Odinson, Khaosod, Boy, Odinson, Harry Hongjindapong Organizations: Service, Business, Police, BBC, Sky, Thai Sky, Odinson Locations: Thailand, Pattaya

☆ Stocks making the biggest moves midday: Tesla, American Airlines, Boeing, Humana and more
▼ + stars: | 2024-01-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

American Airlines posted adjusted earnings of 29 cents per share on $13.06 billion in revenue. Adjusted earnings per share came in at $3.87 for the fourth quarter, topping the $3.78 expected from analysts polled by LSEG. ResMed's adjusted earnings were $1.88 per share for its fiscal second quarter, compared to the $1.77 per share expected from analysts polled by StreetAccount. Adjusted earnings in the fiscal second quarter were $7.52 per share, versus the $7.12 per share consensus estimate, per LSEG. United Rentals' adjusted earnings per share, revenue and adjusted earnings before interest, taxes, depreciation, and amortization all topped consensus estimates, per FactSet.

Persons: Tesla, Max, Northrop Grumman, — CNBC's Hakyung Kim, Samantha Subin, Tanaya Macheel, Sarah Min Organizations: American Airlines –, American Airlines, LSEG, IBM —, postmarket, Revenue, Boeing —, Bank of America, Boeing, Alaska Airlines, Federal Aviation, StreetAccount . Revenue, Humana, Comcast —, Comcast, LSEG . Revenue, Northrop, U.S . Air Force's, Nokia —, Nokia, United Rentals, Avis Budget, Avis Budget Group, Deutsche Bank, CNBC Locations: Lam, Finnish

☆ Stocks making the biggest moves premarket: IBM, Tesla, Nokia, Humana and more
▼ + stars: | 2024-01-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Tesla — Shares of the automaker fell 8% after Tesla reported fourth-quarter results that missed estimates on the top and bottom lines and warned that vehicle volume growth may be "notably lower" in the new year. Tesla reported 71 cents in adjusted earnings per share on $25.17 billion of revenue. The company reported adjusted earnings of $3.87 per share on $17.38 billion in revenue. While Humana's fourth-quarter earnings were in line with prior guidance, the company guided for full-year earnings of $16, vastly under the $29.14 expected by FactSet. The company's fourth-quarter revenue of $2.92 billion also topped FactSet's predicted $2.89 billion.

Persons: Tesla, LSEG, Chris Woronka, Raymond James, Wilma Burdis, Truist, — CNBC's Michelle Fox, Sarah Min, Jesse Pound, Pia Singh, Samantha Subin Organizations: Hertz, JPMorgan, IBM, LSEG, Boeing —, Bank of America, Federal Aviation, Alaska Airlines, Paramount Global, Skydance Media, Nokia —, Nokia, FactSet, Avis Budget Group, Citi Locations: Las Vegas

☆ Stocks making the biggest moves after hours: Tesla, IBM, Las Vegas Sands and more
▼ + stars: | 2024-01-24 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Adjusted earnings came in at 71 cents per share, while revenue was $25.17 billion. IBM surpassed analysts' expectations in the fourth quarter , posting adjusted earnings of $3.87 per share on revenue of $17.38 billion. Las Vegas Sands posted $2.92 billion in revenue for the fourth quarter, while analysts polled by LSEG called for $2.90 billion. Adjusted earnings missed the mark, however, coming in at 57 cents a share, while analysts predicted 61 cents a share. ServiceNow — The software company slipped 1%, even as the company posted fourth-quarter beats on the top and bottom lines.

Persons: LSEG, ResMed, Lam, — CNBC's Scott Schnipper, Brian Evans Organizations: LSEG, Machines, IBM, Vegas Sands, Wall, United Rentals, Lam Research, Columbia Banking, Columbia Locations: Vegas, Lam, FactSet

☆ IBM shares rise after earnings top estimates in ‘uncertain, volatile’ economy
▼ + stars: | 2024-01-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Net income, at $3.29 billion, or $3.55 per share, increased from $2.71 billion, or $2.96 per share, in the year-ago quarter. The company confronted "a very challenging, uncertain, volatile macroeconomic environment," Chief Financial Officer James Kavanaugh said in an interview with CNBC. Free cash flow for the year totaled $11.2 billion, more than the $10.5 billion that management had called for. IBM said software revenue came to $7.51 billion, up 3% but less than the $7.67 billion consensus among analysts surveyed by StreetAccount. Consulting revenue, at $5.05 billion, grew about 6% and ended up less than the $5.12 StreetAccount consensus.

Persons: Arvind Krishna, James Kavanaugh, — CNBC's Kristina Partsinevelos Organizations: IBM, LSEG, CNBC, StreetAccount, Consulting, IBM's, Software AG Locations: New Delhi

As the Fed is able to start lowering its benchmark rate, mortgage rates should go down further in 2024. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-Year Fixed Mortgage Rates Drop Slightly (-0.17%)The current average 30-year fixed mortgage rate is 6.18%, down 17 basis points since this time last week. 20-Year Fixed Mortgage Rates Fall (-0.27%)The average 20-year fixed mortgage rate is down somewhat from last week, and is sitting at 5.69%. 15-Year Fixed Mortgage Rates Decrease (-0.27%)The average 15-year mortgage rate is 5.39%, also down 27 points from last week.

Persons: Christopher Waller, Waller, you'll, It's, refinance Organizations: Federal Reserve, Brookings Institution, Federal, Zillow, FHA Locations: Chevron

☆ 20 metro areas expected to see the fastest-appreciating real estate in 2024 and 5 most at risk of declining. Plus, what will happen to mortgage rates, according to a property data firm.
▼ + stars: | 2024-01-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Tight inventory, combined with pent-up demand, kept prices in an uptrend last year despite 23-year-high mortgage rates, according to Selma Hepp, CoreLogic's chief economist. AdvertisementCooling mortgage rates and newly built homes will help bring more houses on the market but won't create enough inventory to outpace demand, wrote Hepp. She isn't expecting much change to mortgage rates but said that they will likely be slightly higher from January to February, in line with historical trends that precede the busy spring sales season. If inflation remains tamed and trending downward, and the Federal Reserve begins cutting rates as a response, declining mortgage rates would follow, she added in an email to Business Insider. Metro area Forecasted YOY % change Redding CA Metropolitan Statistical Area 7.30% Santa Maria-Santa Barbara CA Metropolitan Statistical Area 6.81% Bremerton-Silverdale WA Metropolitan Statistical Area 6.51% Coeur d'Alene ID Metropolitan Statistical Area 6.49% Fairbanks AK Metropolitan Statistical Area 6.38% Santa Rosa CA Metropolitan Statistical Area 6.37% Corvallis OR Metropolitan Statistical Area 6.36% Merced CA Metropolitan Statistical Area 6.32% Bend-Redmond OR Metropolitan Statistical Area 6.29% Mount Vernon-Anacortes WA Metropolitan Statistical Area 6.20% Grand Junction CO Metropolitan Statistical Area 6.09% Longview WA Metropolitan Statistical Area 6.07% Pocatello ID Metropolitan Statistical Area 6.00% Casper WY Metropolitan Statistical Area 5.99% Walla Walla WA Metropolitan Statistical Area 5.88% Lewiston ID-WA Metropolitan Statistical Area 5.87% Santa Cruz-Watsonville CA Metropolitan Statistical Area 5.81% Prescott AZ Metropolitan Statistical Area 5.70% Lakeland-Winter Haven FL Metropolitan Statistical Area 5.67% Kahului-Wailuku-Lahaina HI Metropolitan Statistical Area 5.63%The list below is CoreLogic's forecast for the five metro areas that are at the highest risk of price declines.

Persons: —, Selma Hepp, it's, Hepp, isn't Organizations: Service, Business, Federal Reserve, Redding, Santa Barbara, Metropolitan, Silverdale WA Metropolitan, Coeur, Fairbanks AK Metropolitan Statistical, Santa, Corvallis, Longview, Longview WA Metropolitan, Casper, Casper WY Metropolitan, Walla Walla WA Metropolitan, Lewiston, Prescott, Prescott AZ Metropolitan, Lakeland Locations: Metro, Maria, Santa, Bremerton, Silverdale WA, Coeur d'Alene, Santa Rosa, Merced CA, Redmond, Vernon, Anacortes WA, Longview WA, Pocatello, Casper WY, Walla Walla WA, Santa Cruz, Watsonville CA, Prescott AZ, Haven, Lahaina HI

☆ Iowa Lottery accidentally published the wrong numbers — but the mistaken 'winners' will get to keep their money
▼ + stars: | 2023-11-30 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

The Iowa Lottery initially reported the wrong winning numbers for Monday's Powerball draw. AdvertisementThe Iowa Lottery accidentally published the wrong winning numbers for Monday's Powerball draw, leading some participants to believe they'd won hundreds of dollars. But the lottery added that those temporary 'winners' who'd presented their tickets while the wrong numbers were still live would be able to hang onto their winnings. AdvertisementIt did not say how many of the almost 4,000 prize-winning tickets in Monday's draw were the result of the incorrect numbers. AdvertisementThis led to incorrect results being reported on the statewide gaming system and its website.

Persons: they'd, —, who'd Organizations: Iowa Lottery, Powerball, Service

BANGKOK (AP) — Asian shares were mostly higher Thursday ahead of an update on U.S. consumer inflation and a meeting of oil producers in Vienna. Consumer spending, the lifeblood of the economy, rose at a 3.6% annual rate from July through September. In Bangkok, the SET fell 0.5%. Facebook parent company Meta fell 2%, Google’s parent company Alphabet gave up 1.6% and Microsoft dropped 1%. Las Vegas Sands slid 4.9% after Miriam Adelson, the casino operator’s controlling shareholder, sold some $2 billion in stock.

Persons: That’s, Yue, India's Sensex, Taiwan's Taiex, Brent, gainers, Miriam Adelson Organizations: Federal, Consumer, U.S ., Bank, Nikkei, Capital Economics, OPEC, Sunday, New York Mercantile Exchange, Big Tech, Dow Jones, Nasdaq, Facebook, Meta, Microsoft, New York Stock Exchange, General Motors, GM, United Auto Workers, Canadian, Treasury, Sands Locations: BANGKOK, Vienna . U.S, U.S, Asia, Hong Kong, Shanghai, Australia, Bangkok, Sunday .

☆ Hewlett Packard Enterprise beats quarterly profit estimates but forecast falters
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 28 (Reuters) - Hewlett Packard Enterprise (HPE.N) beat estimates for quarterly profit on Tuesday due to easing costs but unfavorable macroeconomic conditions led to a dour forecast for the current quarter. On an adjusted basis, the "edge-to-cloud" firm earned 52 cents per share, beating analysts' average estimate of 50 cents, according to LSEG data. In the fourth quarter, Texas-based HPE's net revenue fell 7% to $7.35 billion, marginally below estimates of $7.36 billion. Compute, its largest segment, reported revenue of $2.60 billion for the quarter, down nearly 31% from a year earlier. Annualized revenue run rate, a measure of future revenue, was up 39% at $1.30 billion in the quarter ended Oct. 31.

Persons: Brendan McDermid, Arsheeya, Maju Samuel Organizations: Hewlett Packard Enterprise Co, New York Stock Exchange, REUTERS, Hewlett Packard Enterprise, IT, Accenture, India's Tata Consultancy Services, Thomson Locations: New York City, U.S, HPE, Texas, Bengaluru

☆ A less risky way to bet on a chip stock with a reasonable valuation ahead of earnings
▼ + stars: | 2023-11-20 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

These events could be company-specific, like earnings announcements, shareholder meetings, and presentations, or market-wide, such as macroeconomic data releases. An important part of our process is options market sentiment analysis . I've included that score related to our proprietary options market analysis in the table below. Options market sentiment analysis is a technique used to gauge investors' expectations and attitudes toward a particular stock or the market as a whole, based on options trading data. The benefit is that one is risking $3.30 in total, or about 1.8% of the current stock price.

Persons: I've Organizations: Devices, Deere, Deere & Co, DE Locations: HPQ

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