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☆ Watch Monday's full episode of Fast Money — September 23, 2024
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Monday's full episode of Fast Money — September 23, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ You can't always refinance a mortgage to capitalize on lower rates: Here's when a lender may say 'no'
▼ + stars: | 2024-09-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Otherwise, your lender might not approve your mortgage refinance, experts say. A change in your financial situation, like a layoff or lower income, or higher debt, could mean you don't qualify. "Your mortgage rate and whether or not you get approved for a loan or refinance ... depends on you," said Channel. You refinanced recently Technically, there are no hard limits on how many times you can refinance your mortgage, Channel said. It may be in your best interest to only consider a mortgage refinance every few years, if your financial situation has changed or if rates are falling "really dramatically," Channel explained.

Persons: Cohn, haven't, refinanced, you've

☆ 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

☆ Shervin Hajipour: Iran pardons Grammy Award winner whose song became an anthem to the 2022 protests
▼ + stars: | 2024-09-23 | by ( Story Associated Press | ) edition.cnn.com time to read: +1 min

AP —An Iranian Grammy Award winner said on Monday he was pardoned from a three-year sentence for a song that became an anthem to the 2022 protests that rocked the country following the death of Mahsa Amini in police custody. US first lady Jill Biden accepts Hajipour's Grammy Award on his behalf in February 2023. The protests quickly escalated into calls to overthrow Iran’s clerical rulers. On Friday, Iran’s Supreme Leader, Ayatollah Ali Khamenei, pardoned and commuted the sentences of 2,887 prisoners. He had already served some prison time but was out on bail in 2023 pending the court’s decision.

Persons: Mahsa, Shervin Hajipour, Jill Biden, Chris Pizzello, “, Iran’s, Amini, Ali Khamenei, Hajipour Organizations: Iran’s

☆ Treasury yields nudge higher as investors assess growth outlook
▼ + stars: | 2024-09-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. The 10-year Treasury yield was up just over a basis point at 3.745% at 3:41 a.m. U.S. Treasury yields were slightly higher early Monday as investors assessed the growth outlook following the Federal Reserve's jumbo rate cut last week. The 10-year Treasury yield ended last week almost 8 basis points higher after the Fed lowered rates by half a percentage point on Wednesday.

Persons: Jerome Powell, Raphael Bostic, Neel Kashkari, Austan Goolsbee, Adriana Kugler Organizations: U.S, Treasury, Federal Locations: U.S

☆ How a U.S. crackdown on cheap Chinese imports could help Amazon but challenge Meta
▼ + stars: | 2024-09-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

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

☆ A software engineer at Salesforce shares the résumé hack that helped him land his first job out of his master's program
▼ + stars: | 2024-09-23 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

He had only been at Carnegie Mellon University for three months and knew the career fair was not meant for non-graduating students. "When the time came after nine months for my actual career fair, I focused on those companies a bit more." "That really helped because right out of the first career fair I attended properly, I had six or seven calls," he said. This is the résumé that Ghatage used to attend job fairs in 2016:Ghatage's résumé in 2016 during his master's program. Tweaking work experience: Writing about early work experience is tough because it often had limited impact, Ghatage said.

Persons: —, Ghatage, Ghatage's Organizations: Service, Carnegie Mellon University, Business, Google, Cisco, SAP Locations: Salesforce, company's

☆ Qualcomm buying Intel doesn't make sense, Wall Street's top chip analyst says
▼ + stars: | 2024-09-23 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +1 min

Qualcomm is reportedly interested in acquiring Intel, but analysts are skeptical. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But one of Wall Street's most heeded chip luminaries has waded in, and he's largely not in favor.

Persons: —, Stacy Rasgon Organizations: Qualcomm, Intel, Service, Business

☆ Apple Intelligence will drive sales for iPhone 16. Just wait for it, analyst says.
▼ + stars: | 2024-09-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewApple Intelligence didn't come with the latest iPhone 16 drop on September 20, but that won't matter — analysts are confident that it'll still boost iPhone 16 sales throughout the next 12 months as Apple releases the AI-powered features in multiple software updates. "Apple Intelligence is still the big driver," Gil Luria, an Apple analyst for D.A. The analyst compared Apple Intelligence's sales boost potential to the excitement around 5G coverage for iPhone 12 about four years ago. According to the analyst, the difference now is that Apple Intelligence won't come out of the box. Luria, the Apple analyst, told BI that Apple Intelligence won't be a popular feature until people can start using it, comparing it to AI's dominance after ChatGPT was released to the public in 2022.

Persons: —, Gil Luria, Davidson, Chi Kuo, Luria, Dan Ives, Ives, Ron Witt, " Luria, ChatGPT Organizations: Service, Apple, Apple Intelligence, D.A, Business, BofA Global Research, BI, 5G, Wedbush Securities Locations: Cupertino, San Francisco and New York, San Francisco

☆ Would-be Trump assassin Ryan Routh stalked ex-president for month, prosecutors say
▼ + stars: | 2024-09-23 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Federal prosecutors on Monday said in a new court filing that Ryan Routh, the accused would-be assassin of Donald Trump, stalked the ex-president for a month before being arrested last week outside of his Florida golf course. Prosecutors also revealed that investigators had found, in a backpack and shopping bag linked to Routh, plates that "were capable of stopping small arms fire." And "during a search of the Nissan Xterra" that Routh had used, "FBI agents found two additional license plates," the court filing said. One of the cell phones contained a Google search of how to travel from Palm Beach County to Mexico," the filing said. "The agents also found 12pairs of gloves; a Hawaii Driver's License in the Defendant's name; a passport in the Defendant's name."

Persons: Ryan W, Routh, Donald Trump, Ryan Routh, Prosecutors Organizations: Palm, Nissan, FBI Locations: Palm Beach, Palm City , Florida, U.S, Florida, Palm Beach County, Mexico, Hawaii

☆ Voiceitt’s AI-powered tech could help people with speech impairments to work remotely
▼ + stars: | 2024-09-23 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +5 min

For people with non-standard speech, it can happen in nearly every interaction with this kind of technology — Israeli company Voiceitt aims to change that. By using personalized voice models, its AI-powered speech recognition system helps people with speech impairments, caused by conditions like cerebral palsy, Parkinson’s, Down Syndrome or stroke, communicate more effectively with both people and digital devices. For Voiceitt co-founder Sara Smolley, facilitating speech recognition for non-standard speech patterns is a personal mission. “By the time I was born, she had lost most of her motor capabilities, and her speech was impacted.”Voiceitt was launched as an app in 2021 and operated as a simple vocal translator, converting non-standard speech to audio. Voiceitt has developed integrations with WebEx and ChatGPT, along with a Google Chrome extension, which convert non-standard speech to captions shown on the screen.

Persons: CNN — You’ve, Sara Smolley, “, ”, Voiceitt, Smolley, ” Smolley, Colin Hughes, Hughes, ” Hughes, it’s anonymized Organizations: CNN, Microsoft, University of Illinois ’ Beckman Institute, Advanced Science, Technology, Apple, Union

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

☆ WNBA Playoffs: A’ja Wilson sparks comeback in three-peat hunt, Alyssa Thomas downs Fever with triple-double and more
▼ + stars: | 2024-09-23 | by ( Jamie Barton | ) edition.cnn.com time to read: +7 min

Wilson, quiet for so much of the contest, finished with a game-high 21 points, eight rebounds and five blocks. Newly crowned 2024 MVP A'ja Wilson drives to the basket in Game 1 against the Seattle Storm. Thomas also recorded a triple-double against Indiana in the first game of this year’s regular season. Connecticut Sun forward Alyssa Thomas looks for the open pass against the Indiana Fever in Game 1 of their first-round series at Mohegan Sun Arena. The Fever would never recover and now Indiana has to win Game 2 on Wednesday to keep its postseason alive.

Persons: A’ja Wilson, Becky Hammon’s, Tiffany Hayes, Wilson, Sheryl Swoopes, Lisa Leslie, Lauren Jackson, Kelsey Plum, A'ja Wilson, Barry Gossage, ”, Becky, Hammon, Sun’s Alyssa Thomas, Caitlin Clark, Caitlin Clark’s, Alyssa Thomas, Thomas, Joe Buglewicz, I’ve, Marina Mabrey, DeWanna Bonner, Bonner, “, doesn’t, Clark, ” Clark, Stephanie White –, Leonie Fiebich, Napheesa Collier, Sandy Brondello’s, Courtney Vandersloot, Brondello, “ Leo, We’ve, ” Brondello, she’s, Breanna Stewart –, Sabrina Ionescu, Haley Jones, Breanna Stewart, Corey Sipkin, Diana Taurasi, Collier –, –, Natasha Cloud, Taurasi Organizations: CNN, WNBA, Aces, Seattle Storm, Las Vegas Aces, Las, Las Vegas, Storm, Seattle, Seattle Times, Houston Comets, Indiana Fever, Indiana, Connecticut Sun, Mohegan Sun Arena, AP, Fever, AP WNBA, Liberty, Lynx, Atlanta, New York, New York Liberty, Minnesota Lynx, Phoenix Mercury, Mercury, New York Liberty Phoenix Mercury, Minnesota Lynx Indiana, Connecticut Sun Seattle Storm Locations: Las Vegas, Connecticut, Stephanie White – Indiana, Indiana, New York, New

☆ 13 stocks leading the AI revolution poised to turn early infrastructure investment into huge profit growth: Moody's
▼ + stars: | 2024-09-23 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

The 13 companies identified below have created tangible competitive advantages by investing in AI infrastructure in the early stages or finding a mission-critical niche within the AI value chain. Investing in the AI value chainIt's still early innings for the AI revolution. Next is the cloud services providers, which store data and train AI models in data centers, followed by the AI foundation models that power ChatGPT. Finally, software infrastructure players assist in integrating AI models into the AI application, or end product that consumers use. These players hold considerable market share across multiple layers of the AI value chain, resulting in higher returns as they use AI in multiple business areas.

Persons: —, Vincent Gusdorf, Moody's, Gusdorf Organizations: Service, Business, Big Tech

☆ Here's where to invest $1 million, according to the pros
▼ + stars: | 2024-09-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

If you had as much as a spare $1 million to invest right now, what should you buy? Balanced-to-medium risk profile With as much as $1 million to invest with, investors can buy individual securities instead of being restricted to funds, said David Dietze, managing principal and senior portfolio strategist at Peapack Private Wealth Management. "A much smaller amount leaves an investor forced to invest in funds to get adequate diversification. With one million, one could say invest $20K in fifty different stocks and be well diversified," he said. More aggressive risk profile Gambles says that taking on a more aggressive stance would mean an "all in commitment" on the themes he expects will perform, and removing any hedges against those trades.

Persons: Paul Gambles, David Dietze, Dietze, Bristol Myers, Gambles Organizations: U.S . Federal Reserve, CNBC Pro, Family, Yen, Wealth Management, Bristol, BHP Group, Hershey, BHP Locations: China, Australian

☆ UniCredit boosts its stake in Commerzbank, applies to own up to 29.9% of the German bank
▼ + stars: | 2024-09-23 | by ( April Roach | ) www.cnbc.com time to read: +2 min

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

☆ It will take more than just a drop in interest rates to save the housing market
▼ + stars: | 2024-09-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

But while lower mortgage rates may translate to more buying power for homebuyers, America’s housing market woes aren’t likely to be solved solely by rate cuts. But Enterprise Community Partners, the nonprofit where Donovan currently serves as CEO, estimates that the US needs 7 million new units in order to stabilize the housing market. “There are a lot of factors that have affected the housing supply and these are complicated issues to solve. “We’re not expecting mortgage rates to fall that much further, and we still think that the mortgage rate ‘lock-in’ effect will still be there,” Dougherty said. “Things will probably pick up as rates come down, but we’re not looking for a high-octane rebound,” Dougherty said of the housing market.

Persons: they’d, aren’t, ’, ”, Shaun Donovan, Kamala Harris, Donald Trump, ” Donovan, Harris, Trump, Donovan, Jerome Powell’s, Freddie Mac, Charles Dougherty, That’s, “ We’re, ” Dougherty, ” Powell, that’s, Dougherty, “ It’s, ” Ryan McLennan Organizations: CNN, Housing, Urban Development, National Association of Realtors, Partners, Federal, Fed, National Association of Home Builders, homebuilders, Consumer Financial Locations: America, Wells Fargo, Houston, homebuying

Learn moreI'm on a perpetual hunt for the perfect office-appropriate gym bag. Ever been stuck in an elevator with your company's higher-ups while carrying a banged-up gym bag? UPDATE: It's been over a year-and-a-half since I started using the Dagne Dover Landon Carryall, and I've tested many more gym bags in the meantime. Below you can see the interior of the size small carryall, which has less space, but a similar organizational structure. The bottom line:If you need a gym-to-office bag, the Landon Carryall is the one you should be looking at.

Persons: Dagne Dover's Landon Carryall, It's, —, Talia Ergas, Dover Landon Carryall, I've, Landon Carryall, Dagne, Dagne Dover, Ellen Hoffman, Landon, it's Organizations: Business, Service, packer, Dagne Dover Organization, Allyn Tote

☆ California sues ExxonMobil for alleged decades of deception around plastic recycling
▼ + stars: | 2024-09-23 | by ( Angela Dewan | ) edition.cnn.com time to read: +4 min

CNN —California Attorney General Rob Bonta filed a lawsuit against ExxonMobil on Monday for what the state calls a “decades-long campaign of deception” in which the oil and gas giant allegedly misled the public on the merits of plastic recycling. Bonta is also asking the court to rule ExxonMobil must pay civil penalties, among other payments, for the harm inflicted by plastic pollution in California. “For decades, ExxonMobil has been deceiving the public to convince us that plastic recycling could solve the plastic waste and pollution crisis when they clearly knew this wasn’t possible. Recent reports have shown only around 9% of the world’s plastic is recycled, a figure that’s even lower in the US, around 5 to 6%. Recycling has not kept pace with plastic production, which has doubled over the past 20 years.

Persons: Rob Bonta, ExxonMobil “, Bonta, ” Bonta, “, Judith Enck, ”, Laura Paddison Organizations: CNN, ExxonMobil, San, Court, “, of Justice, ”, Environmental Protection Agency, Beyond Plastics, Bennington College in Locations: California, San Francisco County, Bennington College in Vermont

☆ Apple Intelligence will mark a 'renaissance of growth' for the company, says Wedbush's Dan Ives
▼ + 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 EmailApple Intelligence will mark a 'renaissance of growth' for the company, says Wedbush's Dan IvesDan Ives, Wedbush Securities managing director, joins ‘Squawk on the Street' to discuss Apple's iPhone 16 sales, how the company's AI push will impact its stock, and more.

Persons: Wedbush's Dan Ives Dan Ives, Squawk Organizations: Apple Intelligence, Wedbush Securities

☆ Investors shorting oil are walking into a 'bear trap' with energy demand set to surge, Bank of America says
▼ + stars: | 2024-09-23 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Investors have turned bearish on oil amid fears of an OPEC+ price war and weak China oil demand. But if world GDP grows 3.3% next year, energy demand will likely surge, Bank of America says. That's because if GDP grows according to estimates, energy demand growth will likely follow. AdvertisementOPEC+ plans to add crude oil barrels into an existing surplus oil market after a series of cuts in the last two years. Those factors, along with the chance for a global economic slowdown, pose downside risks to the analysts' oil price target.

Persons: — Organizations: Bank of America, Service, Federal Reserve, bbl Locations: OPEC, China

☆ The US is gearing up to send Taiwan its largest-ever security package, officials say, as China threat grows
▼ + stars: | 2024-09-23 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

The US is set to send Taiwan $567 million in military aid, US officials told Defense News. They said it would be the largest aid package ever sent to Taiwan. Go to newsletter preferences Thanks for signing up! AdvertisementThe US is gearing up to send Taiwan its largest-ever security package, multiple congressional aides and a US official told Defense News. Two of the sources told the outlet that President Joe Biden is expected to sign the $567 million package before the fiscal year expires later this month.

Persons: —, Joe Biden Organizations: Defense, Service, Defense News, Pentagon, Business Locations: Taiwan, China

In the flood of election polls you’ll see over the next few weeks, most polling groups will include responses from “likely voters.” And often from nobody else. In theory, these poll numbers should yield more accurate results, since the people who actually vote are the ones who dictate the outcome on Election Day. After all, how exactly can a pollster know who is “likely” to vote, and who therefore will be the focus of their results? The choices they make are important, because the results of likely-voter polls can differ from those that sample a wider population, such as everyone who is registered to vote. In a close race like this year’s presidential contest, one candidate might lead in a poll among likely voters, while another might lead in the same poll’s tally of registered voters.

CNN —The surviving co-founder of the company that owned the doomed Titan submersible is scheduled to testify Monday as a US Coast Guard panel continues to investigate what led to the implosion that killed five people last year. The Marine Board of Investigation’s two-week hearing began September 16 and is expected to resume Monday with OceanGate co-founder Guillermo Sohnlein, who in January 2013 left the company, set to testify, the Coast Guard’s hearing schedule shows. In 2009, Sohnlein and CEO Stockton Rush launched the Washington state-based company that created the experimental 23,000-pound submersible. The submersible lost contact with its support vessel, the Polar Prince, an hour and 45 minutes into its dive on June 18, 2023. Former OceanGate director of marine operations David Lochridge, center, stands during his testimony on September 17, 2024.

Persons: OceanGate, Guillermo Sohnlein, Sohnlein, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, Sohnlein’s, CNN’s Anderson Cooper, Rush, ”, ” Sohnlein, David Lochridge, Andrew J, Whitaker, ” Lochridge, Steven Ross, Ross, Antonella Wilby, Wilby, ‘, ’, ” Roy Thomas, Phil Brooks Organizations: CNN, US Coast Guard, Marine Board, Stockton Rush, Marine Board of Investigation, Coast Guard, American Bureau of Shipping Locations: Washington

☆ China stimulus calls are growing louder — inside and outside the country
▼ + stars: | 2024-09-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty ImagesBEIJING — More economists are calling for China to stimulate growth, including those based inside the country. His presentation Saturday at Renmin University's China Macroeconomy Forum was titled: "A basket of stimulus and reform, an economic revitalization plan to substantially expand domestic demand." "The elephant in the room is the property market," said Xu Gao, Beijing-based chief economist at Bank of China International. To restore confidence and stabilize the property market, Xu said that policymakers should bail out the property owners.

Persons: Liu Shijin, Liu, Goldman Sachs, China's, Xu Gao, Xu, Nomura, Gabriel Wildau, Teneo, Yi Gang, Wildau, Yi Organizations: China News Service, Getty, Development Research, State Council, CNBC, China Macroeconomy, Goldman, Bank of China International, Center for, People's Bank of China Locations: Beijing, China, BEIJING, Renmin, Center for China, U.S

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