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Power generation has emerged as a crucial investment theme in the context of artificial intelligence (AI) energy demand due to the significant electricity requirements of AI technologies. Several factors make power generation a vital AI-adjacent investment theme: Data centers, the backbone of AI operations, are among the largest electricity consumers. Investing in power generation becomes vital to support this expanding infrastructure. Fluor offers a wide range of services in the nuclear power sector, including project management, engineering, procurement, construction, and maintenance. The company has experience developing new nuclear power plants and maintaining, refurbishing, and decommissioning existing ones.
Persons: Fluor's, FLR, I've Organizations: Bechtel, KBR, Fluor Corporation, Corporation, Fluor, NuScale, CNBC, NBC UNIVERSAL Locations: Irving , Texas, Fluor
Monday, September 23, 2024: The Club says not to trade this tech giant after its recent product releaseGo behind the scenes with Jeff Marks of the CNBC Investing Club as he talks candidly about the market's biggest headlines, analyst calls and holdings in the Charitable Trust—and see up close how The Club decides when, and if, to take action on stocks.
Persons: Jeff Marks Organizations: CNBC, Club, Trust
Anadolu | Anadolu | Getty ImagesIndia's commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world's largest trade deal, maintaining that it is not in the country's interest to be part of a free trade agreement with China. Negotiations for the RCEP started in 2013 and initially included India, which some members viewed as a counterbalance to China. However, in 2019, India chose not to join RCEP, citing unresolved "core interest" issues. Goyal noted that at that time, India already had a free trade agreement with ASEAN, Japan and Korea, as well as a bilateral trade with New Zealand worth $300 million. "It was not in our farmers' interest, RCEP did not reflect the aspirations of our small and micro medium industries and sector, and in some form, was nothing but a free trade agreement with China," he said.
Persons: Industry Piyush Goyal, CNBC's Tanvir Gill, Goyal, RCEP Organizations: Anadolu, Getty, Regional Comprehensive Economic, ASEAN, Commerce, Industry, , Association of Southeast Asian Nations, RCEP, New Zealand, Trade, Semiconductor Locations: China, India, Asia, South Korea, Japan, Australia, New Zealand, Korea
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. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering near 5.70%, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are near 5%, according to Zillow data. Last month, 30-year refinance rates averaged 6.59%, while 15-year refinance rates were around 5.90%. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.
Persons: you'll, Freddie Mac, it's, they've, They'll, refinance Organizations: Zillow, Fed Locations: Chevron
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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The Dow closed Friday at a record while the S & P 500 did so Thursday . Despite a slight dip in the S & P 500 Friday, the S & P Short Range Oscillator moved further into overbought territory at 7.3%. 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, Stocks, Jim Cramer's, Morgan Stanley, Goldman Sachs, Jim, Jeff Marks, Jeff Organizations: CNBC, Dow, Health, Intel, Qualcomm, Bloomberg News, Apollo Global Management, Apple, Barclays, JPMorgan, Citigroup Locations: U.S
Read previewSouth Korean companies are investing billions of dollars in the US to take advantage of two big laws meant to boost American manufacturing. A Financial Times analysis of United Nations data found South Korean companies invested $21.5 billion in US projects in 2023, more than any other country. Related storiesAnd South Korean investments span multiple states, mainly in the South. In the past decade, South Korean companies have created about 7,000 jobs in Texas and nearly 8,000 jobs in Indiana. Those provisions have incentivized South Korean companies to divert from China and focus more on the US.
Persons: , Yeo, South, Biden, South Korea —, " Yeo, Joe Biden's Organizations: Service, United, Business, Samsung, LG, Hyundai, South, Peterson Institute for International Economics, EV, Financial, Kia, SK Hynix, Korea's Ministry of Trade, Industry, Energy, Wall Street, World Bank, Biden Locations: United Nations, South Korea, Taiwan, Southern, China, US, Georgia, South, Texas, Arizona, Indiana, Korea's
Three former chairs of the Maine Republican Party "enthusiastically endorsed" Democratic Vice President Kamala Harris for president over GOP nominee and former President Donald Trump in an opinion piece published by Bangor Daily News on Monday. "We see these same positive characteristics are on full display in Vice President Harris and her candidacy. A spokesperson for the Trump campaign did not immediately reply to a request for comment on the op-ed. Additionally, the former chairs took a jab at the broader Republican party in their letter, claiming that much of the leadership of the party "has joined the cult of Trump." Both Cole and O'Meara chaired the Maine Republican Party in the 1990s.
Persons: Kamala Harris, Donald Trump, Robert A.G, Monks, Ken Cole, Ted O'Meara, Harris, Cole, O'Meara, Trump, Trump's, Susan Collins, Obama, Dick Cheney, George W, Bush Organizations: Cobb Energy Center, Maine Republican Party, Democratic, GOP, Bangor Daily, Republican, U.S ., Republican Party, Trump's MAGA Republican, Maine Republicans Locations: Atlanta , Georgia, Maine, Ukraine, Philadelphia, United States, Russian
Oil edges up following U.S. rate cut move, geopolitical concerns
  + stars: | 2024-09-23 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices gained slightly during early trade on Monday, boosted by concerns conflict in the Middle East may impact supply in the key producing region and expectations the U.S. interest rate cut last week will support demand. Both contracts rose in the previous session on support from the U.S. interest rate cut and a dip in U.S. supply in the aftermath of Hurricane Francine. Last Wednesday, the U.S. Federal Reserve cut interest rates by half a percentage point, a larger decrease in borrowing costs than many expected. Interest rate cuts typically boost economic activity and energy demand, but analysts and market participants are concerned the central bank may see a slowing job market. "Sentiment was buoyed by the Fed's rate cut amid hopes it can engineer a soft landing for the economy," said ANZ.
Persons: Hurricane Organizations: Brent, U.S . Federal Reserve, ANZ Locations: Houston , Texas, Israel, Iranian, Iran, Lebanon
LONDON — European stocks are expected to start the week in positive territory as global markets continue to react positively to the U.S. Federal Reserve's interest rate cut last week. The U.K.'s FTSE index is seen opening 46 points higher at 8,245, Germany's DAX up 87 points at 18,810, France's CAC 40 up 40 points at 7,359 and Italy's FTSE MIB up 169 points at 33,821, according to data from IG. Global markets continue to trade higher following the Fed's 50-basis-point cut last week, its first cut in four years. Asia-Pacific markets were mostly higher overnight as investors digested monetary policy decisions from Japan and China as well as the Fed's sharp cut. Dow futures were near flat Sunday night after enthusiasm for last week's interest rate cut propelled the blue-chip index to a record closing level.
Persons: Germany's DAX Organizations: U.S, CAC, IG, Global, Dow Locations: U.S . Federal, Asia, Pacific, Japan, China
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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the 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: It's, Dow, Jim Cramer's takeaways, Cowen, Bernstein, Davidson, Dr Pepper, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Micron, Jefferies, Costco, Nasdaq, Intel, Qualcomm, Apollo Global Management, JPMorgan, Nike, Dow, General Motors, Microsoft, Club, Holdings, Bank of America, Citi, Apple, Barclays, Constellation Energy, Jim Cramer's Charitable, CNBC Locations: San Francisco
The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. drivers and infrastructure through connected vehicles as well as about potential foreign manipulation of vehicles connected to the internet and navigation systems. The planned regulation, first reported by Reuters, would also force American and other major automakers in the coming years to remove key Chinese software and hardware from vehicles in the United States. The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns - a move that would effectively bar nearly all Chinese cars from entering the U.S. market. The move is a significant escalation in the United States' ongoing restrictions on Chinese vehicles, software and components. The rules would apply to all on-road vehicles but exclude agricultural or mining vehicles not used on public roads.
Persons: Joe Biden, Biden, Gina Raimondo, Raimondo, We're, Jake Sullivan, Sullivan, Jan Organizations: White, White House, Reuters, U.S . Commerce Department, United, National, Embassy, U.S, The Commerce Department, Alliance, Automotive Innovation, General Motors, Toyota, Hyundai Locations: Rose, Washington ,, United States, U.S, Yantai, Shandong province, Russia, China, Washington
Mainly a print model, Zheng used to rake in 30,000 yuan ($4,230) a month when she began working two years ago. Some are virtually indistinguishable from the real thing, while others are inspired by the original design and offer morecolors or textures. The popularity of this product category is soaring as consumer confidence in China nears a historic low, according to analysts. Shoppers are sitting on the sidelines due to a combination of falling stock prices, capital flight and “tepid” wage growth, the economists said. A Hong Kong court ordered the liquidation of the Chinese property giant on on January 29.
Persons: Zheng Jiewen, Zheng, , , Louis Vuitton, Chanel, Laurel Gu, Lulu, dupes isn’t, Nomura, Xinxin, Greg Baker, Nicole Hal, “ I’ve, Goldman Sachs Organizations: Hong Kong CNN, CNN, Prada, Reuters, Shoppers, Barclays, Hong, Getty, Goldman Locations: China, Hong Kong, Guangzhou, Shanghai, Asia, Japan, Chongqing, Beijing, AFP, Europe,
Trade Tracker: Steve Weiss sells Archer-Daniel
  + stars: | 2024-09-23 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss sells Archer-DanielSteve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC’s “Halftime Report” to explain why he's getting out of this commodity stock.
Persons: Steve Weiss, Archer, Daniel Steve Weiss, he's Organizations: Short Hills Capital Partners
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
In a "60 Minutes" interview that aired Sunday, FTC Chair Lina Khan said allowing Big Tech to go through hundreds of acquisitions in the past several decades was a mistake that hurt Americans. An FTC spokesperson did not respond to a request for comment. "After some of those firms were bought up by one of the big guys, all of those data privacy policies changed overnight, and so Americans lost those privacy protections." A WhatsApp spokesperson told BI at the time that the company disagreed with the decision and that the penalties were "entirely disproportionate." An FTC spokesperson told CNN in 2023 that, under Khan, the agency has investigated or sued to stop more than three dozen merger proposals.
Persons: , Lina Khan, Khan, Mark Zuckerberg's, we're, WhatsApp, Joe Biden, Kamala Harris, Reid Hoffman, Khan's, Matt Gaetz, Newsmax Organizations: Service, Trade, Big Tech, Business, Facebook, FTC, YouTube, Democratic, Republican, CNN, Florida, Street Journal Locations: Washington ,
Bitcoin jumps while Japan holiday dulls most currencies
  + stars: | 2024-09-23 | by ( ) www.cnbc.com   time to read: +4 min
The Bank of Japan left interest rates unchanged last week and indicated it was not in a hurry to hike them again. That decision, coming just days after the Fed's 50 basis points rate cut, put a pause to the yen's sharp gains this month. With Japan closed for Autumnal Equinox Day, the main driver of trade was expectations around further Fed rate cuts and the gains those have spurred in equities, commodity currencies and other risk assets. The Fed's rate cut "appears to have calmed market fears of a U.S. recession", Goldman Sachs said in a note. Meanwhile, the majority of economists polled by Reuters anticipate two more 25 bps rate cuts at the Fed's final two meetings this year.
Persons: Bitcoin, Goldman Sachs, Christopher Waller, Fumio Kishida, Takaichi —, , Shigeru Ishiba, Shinjiro Koizumi, Junichiro Koizumi, Takaichi, pare Organizations: Federal, Bank of Japan, Japan, U.S, U.S ., FedWatch, Treasury, Reuters, House Republicans, Liberal Democratic Party, Barclays, The Bank of Locations: United States, Japan, U.S, The Bank of England
Inselmann collected literature, data and examples of more than 4,700 Bronze Age arrowheads from Central Europe and mapped out where they came from to compare them with the Tollense Valley arrowheads. Otherwise, they would expect to find evidence of arrowheads within ceremonial burials in the region that were practiced during the Bronze Age. “This new information has considerably changed the image of the Bronze Age, which was not as peaceful as believed before,” Terberger said. I consider the conflict as a sign that this major transformation process of Bronze Age society was accompanied by violent conflicts. Ute BrinkerThe scale of conflictThe large scale of battle has researchers rethinking what social organization and warfare were like during the Bronze Age.
Persons: ’ ”, Leif Inselmann, , Inselmann, ” Inselmann, Thomas Terberger, haven’t, Barry Molloy, Molloy, ” Molloy, ” Terberger, , Ute Brinker, , Organizations: CNN, Berlin Graduate School of Ancient Studies, Free University of Berlin, Germany’s University of Göttingen, University College Dublin, Locations: Germany, Europe, Central Europe, Mecklenburg, Pomerania, Bavaria, Moravia, Tollense
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia rules out joining RCEP, accuses China of non-transparent trade practicesIndian Commerce and Industry Minister Piyush Goyal said that it was not in India's interest to do a free trade agreement with China.
Persons: Piyush Goyal Organizations: RCEP, Indian Commerce and Industry Locations: China
UK Finance Minister Reeves vows no austerity despite tough budget
  + stars: | 2024-09-23 | by ( ) www.cnbc.com   time to read: +1 min
Britain's Finance Minister Rachel Reeves has pledged to make the "necessary", "urgent" and "incredibly tough" choices to restore the country's economic stability. Finance minister Rachel Reeves will promise Britain on Monday there will be no return to "austerity" or widespread spending cuts despite previous warnings of a tough budget aimed at fixing the foundations of the economy. "There will be no return to austerity. Conservative austerity was a destructive choice for our public services - and for investment and growth too," Reeves will say, according to extracts from her speech. "We must deal with the Tory (Conservative) legacy and that means tough decisions.
Persons: Rachel Reeves, Reeves Organizations: Britain's, Labour, Labour Party, Tory Locations: English, Liverpool
The move they made is a big cut," SlateStone Wealth's Kenny Polcari told CNBC's " Street Signs Asia " on Sept. 19. Calling it a "crisis level cut," he added that "people [are] scratching their heads, going, what's it really mean?" Federal Reserve Chair Jerome Powell stressed that the big rate cut does not signal that the risk of a recession is elevated. According to FactSet data, of the 20 analysts covering the stock, 18 give it a buy or overweight rating, while two have a hold rating. Biotech play Another stock Polcari is bullish on is biopharmaceutical player Amgen , given its pipeline of new products .
Persons: Kenny Polcari, CNBC's, Jerome Powell, Polcari, Amgen, — CNBC's Sean Conlon Organizations: U.S, Biotech, U.S . Food, Drug Administration, Euronext, Nasdaq, Nvidia Locations: Federal, U.S, Amgen, Euronext Amsterdam, Dutch, ASML
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. After struggling near the open, consumer staples is making a push higher on the daily S & P 500 sector leaderboard. 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, There's, We're, Piper Sandler, Brown, Forman, Eli Lilly, Lilly, Jim Cramer's, Jim Organizations: CNBC, ., Constellation Brands, Corona, Modelo, Sunday, Abbott Laboratories, GE Healthcare, Novo Nordisk, Apple, Microsoft, Nvidia, Broadcom, Motors, Starbucks, Thor, Philadelphia Federal, Conference, Richmond, Jim Cramer's Charitable
The CBOE Volatility Index , or VIX, fell below 16 on Monday and is now flirting with its lowest level since the July doldrums. "Our historical study of volatility shows that the VIX averaged 22 points in October, 4 points above the current VIX level. We believe the low implied volatility, upcoming October earnings season and elections provide an attractive opportunity for investors to hedge a potential rise in volatility," the note said. The options would have a strike price of 18 and expire in November, serving as a bet that expectations of volatility will rise as the election nears. There are no additional losses on the trade if the VIX actually declines instead.
Persons: Goldman Sachs, Arun Prakash, Prakash, VIX, seasonality Organizations: U.S
The White House wants to close a trade loophole exploited by Chinese discount e-retailers — a move that would have a ripple effect on at least two of our portfolio stocks: Amazon and Meta Platforms. The de minimis exemption has allowed Chinese e-commerce giants, particularly low-cost Temu and Shein, to flourish. Temu has risen in popularity in the U.S. for selling items directly from Chinese merchants at massive discounts. Temu is generally seen as a growing competitor to Amazon since its prices are often lower. Meta challenges On the other hand, the trade shift could present a challenge for Meta, which relies on advertising from e-commerce platforms.
Persons: Harris, hocking, Temu, it's, Jeff Marks, Shein, Meta, Jim Cramer's, Jim Cramer, Jim Organizations: Biden, Harris Administration, Amazon, Deutsche Bank, Deutsche Bank analysts, JPMorgan, Services, Meta, Management, CNBC, Getty Locations: U.S, China, Temu
Today, it is just over $3,000,” said Harris, who also serves as chair of the National Association of Home Builders. Vice President Kamala Harris has proposed offering $25,000 in down payment assistance to first-time homebuyers and incentives to homebuilders to construct more housing for first-time homebuyers. Former President Donald Trump has said he would lower housing costs by opening federal land to development, rolling back regulations and reducing overall inflation. But homebuilders say they face a web of challenges that have been nearly two decades in the making and will likely take years to resolve. One major barrier to driving down prices and increasing supply has been a shortage of workers, homebuilders said.
Persons: Carl Harris, , Harris, — he’s, Mike Forsum, Freddie Mac, Kamala Harris, Donald Trump, , Robert Dietz, It’s, Dietz, Sheryl Palmer, homebuilder Taylor Morrison, homebuilders, we’ve, Palmer, Forsum, “ I’m, Homebuilders, Taylor Morrison, They’ve, that’s, ” Harris, “ It’s Organizations: National Association of Home Builders, Landsea, Bureau of Labor Statistics Locations: Wichita , Kansas, Atlanta, Las Vegas, Raleigh , North Carolina, Dallas, , Sacramento , California, Texas, Fort Worth , Texas, Phoenix, Buckeye, Orlando , Florida, In Wichita
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