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Crude oil is nearly $10 higher since October officially kicked off. I want to use the 2024 lagging Energy Select Sector SPDR ETF (XLE) as way to express my short-term bullish view on the price of oil. XLE YTD mountain Energy Select Sector SPDR, YTD Oil markets are measuring the possibility of an imminent air strike by Israel on Iran's crude and energy facilities. However, I believe that would not be the main driver to push crude higher short-term, in would be the fearful reaction of this war spreading outside the Middle East region. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Organizations: Traders, CNBC, NBC UNIVERSAL Locations: Israel, East, XLE
"Joker: Folie à Deux" opens in theaters Friday. Here's a sampling of what critics think of "Joker: Folie à Deux," which is in theaters now. "'Joker: Folie à Deux' often recalls the series finale of 'Seinfeld,' insofar as it puts its main character on trial for his former misdeeds," he wrote. Related stories'Folie à Deux' really is a musical — just not a good onePhoenix and Gaga in "Joker: Folie à Deux." It's definitely not a movie for the fansGaga and Phoenix in "Joker: Folie à Deux."
Persons: Joaquin Phoenix, Lady Gaga, Harley Quinn, , Oscar, Todd Phillips, Arthur Fleck, Gaga's Lee Quinzel, Fleck, Warner, Phillips, Nick Schager, Arthur couldn't, IndieWire's David Ehrlich, Pete Hammond, TIME's Stephanie Zacharek, Johnny Oleksinski, Gaga, Lee, Niko Tavernise, Alison Willmore, Hollywood Reporter's David Rooney, Gaga tamps, Richard Lawson, Arthur's, Lawson, Arthur, It's, Critics, He's, he's, Variety's Owen Gleiberman, BBC's Nicholas Barber, it's, TIME's Zacharek Organizations: Rotten, Service, DC Comics, Phoenix, Arkham, Warner Bros, coy, New York, MGM, Miss, Hollywood Locations: CinemaCon, Miss Saigon
From time to time in markets, a single area or theme in the market gets "so embraced", "so believed in", "so relied on" that the theme in question becomes "overbought"... "expensive"... "full". Such is the case with the S & P 500 Utilities sector, by our work. The chart below of the Utilities Select Sector SPDR ETF (XLU) since the 2009 Financial Crisis low, tells the tale. At present, XLU is as "overbought" and "expensive" as at any time since the 2009 low. -Carter Braxton Worth For actionable recommendations via email and live nightly videos become a member at worthcharting.com .
Persons: Carter Braxton Worth Organizations: Utilities, , CNBC, NBC UNIVERSAL
When Jyoti Bansal made "the hardest decision" of his career — selling his software startup AppDynamics for billions — he did it with his employees in mind. As the startup's founder and chairman, Bansal would've become wealthy either way — but only one of his two options guaranteed the same for many of his staffers, he says. Upon Bansal's acceptance of the offer, roughly 400 AppDynamics employees saw their shares of the company rise in value to at least $1 million, a spokesperson for Bansal says. Today, he's the CEO and co-founder of two other software startups, Traceable and Harness, the latter of which was most recently valued at $3.7 billion in 2022. At least 70 of the company's 80 employees became millionaires on paper when VeriSign's stock soared two years later, Chaudhry said.
Persons: Jyoti Bansal, AppDynamics, Bansal would've, Bansal, could've, Zscaler, Jay Chaudhry didn't, Chaudhry, Get Organizations: Cisco, CNBC, SEC, VeriSign
Chappell Roan has endured backlash on social media for sharing her political opinions and canceling shows. That quote was subsequently clipped and shared widely on social media, where uproar promptly ensued. Even if canceling shows could drive away fans, it's worth the riskFans at a Chappell Roan concert in October 2023. Maybe Roan should pull back from social media — but that's ultimately her callChappell Roan points at a photographer on the VMAs red carpet. Swift turned off Instagram comments years ago, Gomez has said she deleted the app from her phone, and others have quit posting on social media altogether.
Persons: Chappell Roan, , Roan, she's, who's, Taylor Swift's, TikTok, Donald Trump, Gen Zers, Kamala Harris, mispronouncing Harris, they're, chappell, ake, ould, ong, ike J ustin, elena G omez,, ike, B, R., hore, orth, veryone's, IKE —, hite Organizations: Service, Poets Department, Guardian, Democratic, ust Locations: Roan, rive, ashington, uman
ZOUK MOSBEH, Lebanon — When night falls, it's no longer sleep but the humming threat of an Israeli strike that descends on the Lebanese capital. Israel's overnight attacks, which reached the heart of Beirut in the early hours of Thursday, mean that few in the city and beyond are getting any rest. The strike on central Beirut's Bachoura neighborhood was the deepest Israel has attacked into the capital. A man walks amid the rubble of a building leveled in an overnight Israeli airstrike that targeted the neighborhood of Moawwad in Beirut's southern suburbs Thursday. AFP - Getty ImagesA man stares at a building still smoldering Thursday after it was leveled in an overnight Israeli airstrike that targeted the neighborhood of Moawwad in Beirut's southern suburbs.
Persons: ZOUK, it's, Hala Kobaissi, Beirut's Salim Salam, , people's, Emilie Madi, ” Hiam Khoury, Israel ramped, Marwan Naamani, Abdel Salam Abdallah, , Rayan Youness, “ They’re, Youness, Dr, Tania Baban, ” Baban, Matthew Savill, shouldn’t, Savill, Mahdi Ghuloom, Khoury Organizations: Residents, NBC News, Reuters, Israel, Getty, AFP, Royal United Services Institute, Israel Defense Forces, Le Beck Locations: ZOUK MOSBEH, Lebanon, Beirut, Israel, Bachoura, Beirut's Bachoura, Hadath, Dahieh, Sidon, Khiam, Illinois, Moawwad, Beirut's, AFP, United States, Iran
Before this week's downside price gap, it's worth noting that Nike was testing a major resistance level into last week. To add to this "confluence of resistance," we can also see the 200-day moving average looming large, currently sitting just above $91. The weekly chart can provide some additional context as to what the recent upswing means relative to the long-term trend for Nike. The long-term trend has been decidedly negative for NKE, with price remaining below the 150-week moving average since Q2 2022. Nike also sits below a downward-sloping 40-week moving average, which is essentially the same as the 200-day moving average on the daily chart.
Persons: downtrend, NKE, David Keller Organizations: Nike Inc, Nike, CMT, CNBC, NBC UNIVERSAL
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI's robust funding will help it remain private, says Bullpen Capital's Duncan DavidsonDuncan Davidson, Bullpen Capital general partner, joins CNBC's 'The Exchange' to discuss his outlooks on OpenAI's valuation, whether he thinks there will be revenue in the trillions, and more.
Persons: Capital's Duncan Davidson Duncan Davidson
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot allowing any automation at U.S. ports is foolish, says Zuoz Industrial's Urs DurUrs Dur, Zuoz Industrial principal, joins 'Squawk Box' to discuss the latest developments on the U.S. port strike, why he believes both sides may see value in holding firm on their positions for the time being, the economic impact of the strike, and more.
Persons: Zuoz, Urs Dur Urs Dur
Eventually, "Argo" was released and went on to win an Oscar, and McNairy did, of course, work again. "You truly do feel like you're never going to work again because you've seen it happen where people just kind of stop working." Just keep your head down and focus on the work and don't change what you're doing based on other people's opinions. AdvertisementOn Quentin Tarantino's obscure film taste and how his partner helped him retool his 'Nightbitch' performanceMcNairy in "Nightbitch." I sent in a tape, and all the feedback I got was, "Wow, he really, really likes it, but he's got somebody else in mind for the role."
Persons: Brad Pitt, Ben Affleck, auteurs, Quentin Tarantino, David Fincher, He's, James McAvoy, Amy Adams, he'd, McNairy, Ray Liotta, James Gandolfini, I'd, decamping, Guy Pearce, Robert Patison, Oscar, Mackenzie Davis, Alix West Lefler, Susie Allnutt, you've, Sosie Bacon, Bacon, , Quentin Tarantino's, retool, You've, he's, Quentin, Amy, I've, Variety, Mari, Heller, Sosie, Tina Rowden, Chris Rogers, Chris Cantwell, would've, We'll, it's, I'm Organizations: Hollywood, Oscar, Universal Pictures, Weinstein Locations: Mexico, Texas, Hollywood, California
Former transport minister S. Iswaran walks as he appears at the Supreme Court in Singapore October 3, 2024. The court said Iswaran, 62, would be allowed to remain on bail for the next few days and begin his jail term on Monday. The case has shocked Singapore, which prides itself on having a well-paid and efficient bureaucracy as well as strong and squeaky clean governance. It was among the world's top five least corrupt countries last year, according to Transparency International's corruption perception index. The last corruption case involving a Singaporean minister was in 1986, when its national development minister was investigated for alleged bribery but died before any charges were filed in court.
Persons: Iswaran Locations: Singapore
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The high-profile startup announced the closing of a $6.6 billion funding round that valued it at $157 billion. And more exits could be coming since OpenAI is reportedly working on allowing its employees to sell their shares in the company . Win McNamee and Didem Mente/Anadolu Agency via Getty Images; Jenny Chang-Rodriguez/InsiderIt's important to remember OpenAI's eye-popping valuation is just that … a valuation. Which gets us back to $157 billion OpenAI.
Persons: , Elon Musk's, Josh Kushner's, Cathy Wood's, Chase, Here's, Mira Murati, Kevin Weil, Rob Price, OpenAI, Sam Altman, Win McNamee, Didem, Jenny Chang, Rodriguez, Brad Gerstner, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Elon, Elon Musk's SpaceX, Venture, Microsoft, Nvidia, Anadolu Agency, Getty, Big Tech Locations: Silicon Valley, New York, London
Conagra Brands' stock fell sharply this week after the packaged-food company reported quarterly earnings that fell well short of analysts' expectations. We'll discuss how to play it with options if this company is caught in a longer-term decline. For the fiscal first quarter ending August 25, Conagra posted an adjusted eps of 53 cents a share, missing estimates. However, the most significant institutional options trades weren't betting on considerable upside. CAG YTD mountain Conagra, YTD Conagra traded eight times the average daily options volume, with puts outpacing calls.
Persons: Conagra, YTD Conagra, Seinfeld, we'll, T Rowe Price Organizations: Brands, CNBC, NBC UNIVERSAL
Media landscape shifts Most of the value in professional sports is propelled by media rights deals, and we're in an unusual sweet spot right now for sports. Still, gaining access to 11 teams' media rights is probably in the league's long-run best interest. You have the WNBA rights term worth $2.2 billion over 11 years with league expansion going from 12 to 15 teams. Media landscape shifts Most of the value in professional sports is propelled by media rights deals, and we're in an unusual sweet spot right now for sports. Still, gaining access to 11 teams' media rights is probably in the league's long-run best interest.
Persons: Alex Sherman, Jeff Zucker, Patrick Whitesell, Zucker, Scripps –, it's, Alex Michael, he's, Michael, they're, There's, Caitlin Clark, Michael said, weathers, AEW, I'm, Tony Khan —, he'd, Khan, US Networks Kathleen Finch, Max, hasn't, Finch, Rob Manfred, doesn't, CNBC's Lillian Rizzo, Craig Kilborn, Barrett, Jackson, Caitlin Clark's, You've, Soccer League's Nielsen, Tom Brady, Father, Brady, Jess Golden, Michael Jordan, Libs, Jim France, OneFootball, Lionel Messi, Jessica Pegula, CNBC's, Venu, Fubo, Venu …, Nike, Matthew Friend, John Donahoe, Elliott Hill, Sabrina Ionescu –, Jane Hali, Jessica Ramirez, AE1, Gabrielle Fonrouge, Ariel Atkins, DiDi Richards, Craig Hudson Organizations: CNBC, Endeavor, WNBA, NCAA, National Women's Soccer League, Amazon, CBS, ESPN, Scripps, NBA, Fox, NBC, Apple, Google, MLS, Clark, Warner Bros ., TNT, TBS, Warner Bros, Discovery, US Networks, Diamond Sports Group, U.S, Bankruptcy, Southern, Southern District of, Major League Baseball, Atlanta Braves, MLB, Holdings, UFC, WWE, WME Sports, ATP, Miami, NCAA Women's, Soccer, Angel City FC, NFL, Premier League, Netflix, Tech, CNBC Sport, Father Time, NASCAR, Motorsports, Major League Soccer, American, NHL, Buffalo Sabres, Bills, Disney, International Center for Law & Economics, Nike, New York Liberty, Air Force, Air Jordan, League Men's NCAA, Gonzaga, Pac, West Coast Conference, FloSports, Sports, Indiana Fever, Washington Mystics, Capital, Washington , D.C, Washington Post Locations: York City, Southern District, Southern District of Texas, OpenBet, U.S, Kobe, Washington ,
The Tennessee Bureau of Investigation, the state's criminal investigation agency, said Wednesday it is looking into allegations against an Erwin plastics factory where several workers died and some went missing after they were swept away by floodwaters from Hurricane Helene. Relatives of the missing and deceased workers and factory employees who survived have alleged they were made to show up to work despite the hurricane moving through the area. Fernando Ruiz, the son of Lidia Verdugo, one of the plant workers, also confirmed to NBC News that his mother had died. Impact Plastics has expressed sympathy for the missing and deceased workers but said in a statement that workers were given time to leave the factory. The company said five workers and a contractor were on a truck that was tipped over in the floodwaters.
Persons: Hurricane Helene, Steve Finney, Leslie Earhart, Finney, Robbie Jarvis, Jarvis, Brianna Paciorka, Network Bertha Mendoza, Guillermo Mendoza, Fernando Ruiz, Lidia Verdugo Organizations: Tennessee Bureau of Investigation, Erwin, Judicial, Impact Plastics, NBC News, Attorney General's, NBC, Plastics, Impact Plastics Inc, Sentinel, USA, Network Locations: Hurricane, Erwin, Tenn
The Energy Select Sector SPDR ETF (XLE) was the worst performing sector ETF in September. The XLE ETF (and many of its holdings) has been trying to etch out a bottom for a number of weeks, and the charts we're reviewing today suggest that momentum finally could be turning positive. XLE has been making lower lows and lower highs since peaking in March. Both prior times, eventually logging a higher low gave XLE the firepower it needed to finally punch through a key downtrend line. Recently, the higher lows have been marginal, but considering that we haven't seen a material lower low in nearly five years, it's noteworthy.
Persons: it's, XLE, It's, XLE's downtrend, We've, Said, we're, Frank Cappelleri Organizations: CNBC, NBC UNIVERSAL
The strategic focus Meta has placed on monetizing these AI tools across its platforms — including Facebook, Instagram, and WhatsApp — gives it a unique competitive advantage. This commitment to revenue generation from AI sets it apart from other firms still exploring AI potential without clear paths to monetization. If we review the chart for Meta, it has shown strong performance, recently breaking above a key resistance level at $545. Meanwhile, the company boasts robust growth projections with an expected future EPS growth of 22% (industry average of 16%) and a revenue growth rate of 15% (industry average of 11%). With these growth and profitability metrics, Meta appears undervalued, offering a compelling risk/reward profile for long-term investors looking to benefit from its AI-driven revenue potential.
Persons: WhatsApp, Meta Organizations: Facebook, Meta, CNBC, NBC UNIVERSAL
OpenAI's $6.6 billion funding raise attracted some big names across the industry. The $6.6 billion round gave OpenAI a $157 billion post-money valuation and minted it into one of the most valuable startups in the world. MicrosoftMicrosoft invested a little under $1 billion into OpenAI's latest funding round, according to The Wall Street Journal report. FidelityFidelity also participated in OpenAI's latest funding round. AdvertisementAltimeter Capital ManagementAltimeter Capital Management also contributed to OpenAI's latest funding round, according to reports.
Persons: , Sam Altman, OpenAI, Here's, Anderson Cooper, Josh Kushner, Instagram, Kushner, Altman, josh, SoftBank, Masayoshi Son, Son, Marco Bello, Wood, Morningstar, Bing, Jensen Huang, Sam Yeh, Elon Musk's, Brad Gerstner, Gerstner, Vinod Khosla, Vaughn Ridley, Khosla, MGX Organizations: Service, Allen & Company Sun Valley Conference, Getty, Capital, Business, VC, Wall Street, Reuters, Vision Fund, Venture, ARK Invest, ARK Venture Fund, SpaceX, Microsoft Microsoft, Wall, Rival Apple, Microsoft, Nvidia Nvidia, Nvidia, Tiger Global Management, Fidelity Fidelity, Elon, Elon Musk's xAI, Fidelity, Capital Management, . Khosla, Getty Khosla Ventures, Sun Microsystems, United Arab, Bloomberg Locations: OpenAI, Silicon Valley, OpenAI ., Tokyo, Saudi, ARK, AFP, IPOs, America, United Arab Emirates
South Carolina and North Carolina saw a rise in complaints, mostly about hotels and fuel. AdvertisementAs Hurricane Helene wreaked havoc across southeastern US states, complaints of price gouging have surged. Related storiesIn neighboring North Carolina, which experienced the highest death toll of about 56, there were also dozens of price-gouging complaints. A spokesperson for the North Carolina Attorney General's Office said the state's Department of Justice had received 64 complaints alleging price gouging in western North Carolina. Kylie Mason, communications director for Attorney General Ashley Moody, told BI they had received complaints "mostly about fuel and water."
Persons: Helene, Price, , Virginia —, Hurricane Helene, Robert Kittle, Alan Wilson, Kittle, Wilson, Josh Stein, Stein, Kylie Mason, General Ashley Moody, Moody, Jonathan Skrmetti, Shaun Kenney, Jason Miyares, Kenney, Kamala Harris, Harris Organizations: Service, Business, South Carolina, AG, North Carolina Attorney General's, state's Department of Justice, North, Consumer, Division, Tennessee Division, Consumer Affairs, Virginia Locations: South Carolina, North Carolina, South Carolina , Georgia, Florida , Tennessee, Virginia, Hurricane, Carolina, Florida, Tennessee, Georgia
Angel Mitchell was in knots Friday morning at the eastern Tennessee hospital where her 83-year-old mother had been admitted days earlier for pneumonia. People evacuate Unicoi County Hospital due to unusually high and rising water from the Nolichucky River. Mitchell said her mother was fastened to a gurney and hoisted up, then taken to another hospital. During that last hour, a panic attack set in as she thought about her mother. Mitchell said she's grateful everyone at the hospital survived, but on Monday, her mother received another devastating diagnosis — that she has colon cancer.
Persons: Angel Mitchell, Mitchell, Helene, Hurricane Helene, Janice Wilson, Regan Tilson Mitchell, gurney, Erwin, she's Organizations: Hospital, Tennessee Army National Guard, Virginia State Police, Tennessee Emergency Management Agency, Erwin, Hawk, Impact Plastics Locations: Tennessee, Unicoi, Erwin, Knoxville, Unicoi County, Johnson City
When a stock or ETF becomes overbought, it can maintain that condition for an extended period. In the one-year daily chart of Consumer Discretionary Select Sector SPDR (XLY) below, I've highlighted two similar instances from the past. RSI (Relative Strength Index): As a stock rises, the relative strength index (RSI) measures the strength of the trend. Once in overbought territory, it's advisable to wait until the RSI falls back below 70 before considering a contrarian trade. The trade To benefit from a pullback in XLY, the trade structure I am going to use is called a "bear put spread".
Persons: Nishant Pant Organizations: Federal Reserve, CNBC, NBC UNIVERSAL Locations: overbought
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina likely to hit its GDP target of around 5% but not much higher: China Beige Book InternationalShehzad Qazi, China Beige Book International's chief operation officer, says China's economy needs to transition structurally from being a manufacturing-led one to a consumption-led one.
Persons: Shehzad Qazi Organizations: China Locations: China
In today's big story, what you need to know about tonight's vice presidential debate , and why it's worth paying attention to. The big storyUp for debateDrew Hallowell/Getty Images; Andrew Harnik/Getty Images; Brandon Bell/Getty Images; Rebecca Zisser/BIOhio Sen. JD Vance and Minnesota Gov. ET for an uncharacteristically important vice presidential debate , write Business Insider's Brent D. Griffiths and John L. Dorman. Thanks to a hot streak at Miu Miu, Prada has done what few luxury retailers have been able to do this year: grow. In short, it doesn't get trendier than Miu Miu — and trendy is good for business.
Persons: , Drew Hallowell, Andrew Harnik, Brandon Bell, Rebecca Zisser, JD Vance, Tim Walz, Insider's Brent D, Griffiths, John L, Dorman, Donald Trump, Kamala Harris aren't, Vance, Walz, hasn't, Brent, Trump's, There's, Harris, Joe Biden's, Matt Stroshane, Tyler Le, Blackstone, Getty, Justin Sullivan, Nvidia's, Jensen, Mira Murati, Natalie Ammari, That's, Miu Miu, Prada, Jimmy Carter, Mark Rutte, Jens Stoltenberg, Claudia Sheinbaum, Elliott Hill, Mike Johnson, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Microsoft, Getty, Ohio Sen, Minnesota Gov, CBS, Netflix, Republican, UBS, Venture, Murati, Consulting, Nike, NYSE Locations: Minnesota, Silicon, New York, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf you invest in communism in the long run, you'll lose every time: Hayman Capital's Kyle BassKyle Bass, Hayman Capital Management founder and CIO, joins 'Squawk Box' to discuss the China's historic stock rally, impact of China's economic stimulus, why he believes it's a mistake to invest in China in the long run, and more.
Persons: you'll, Hayman Capital's Kyle Bass Kyle Bass, it's Organizations: Hayman Capital Management Locations: China
NEBATIEH, LEBANON - SEPTEMBER 28: Smoke rises after Israeli attacks over Shebaa town of Nabatieh province on September 28, 2024. The Israeli air and artillery forces are supporting the offensive, the IDF said. Hezbollah said that claims that Israel had entered Lebanon are "false," reporting no "direct ground clashes," according to a Google-translated statement. Historically sensitive to geopolitical tremors, oil prices have resisted long-term spikes, reined in by the specter of waning global demand and potential supply increases. On its own, this escalation would point to higher oil prices and inflation.
Persons: Ramiz Dallah, Jalaa Marey, Hassan Nasrallah, Yoav Gallant, Lloyd Austin, Israel, Amir Yaron, specter Organizations: Getty Images, Anadolu, Getty, Israel, Israel's Defense Forces, White House, NBC, Brent, Afp, Jewish, Palestinian, Hamas, Israeli, U.S, United Nations, Reuters, Capital, Gulf Cooperation Council Locations: NEBATIEH, LEBANON, Shebaa, Nabatieh, Anadolu, Iran, Lebanon, Israel, London, Galilee, Gaza, Lebanese, Beirut's, U.S, Saudi Arabia
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