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☆ Stock futures are little changed as Wall Street awaits bank earnings: Live updates
▼ + stars: | 2024-04-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on April 10, 2024 in New York City. U.S. stock futures flickered near the flatline on Thursday night as traders looked ahead to the release of corporate earnings from major U.S. banks. S&P 500 futures and Nasdaq 100 futures were little changed. The muted action follows a sharp rebound for the S&P 500 and the Nasdaq Composite as tech shares led a comeback from Wednesday's inflation-fueled sell-off. On Thursday, Nasdaq gained 1.68% to close at a record, while the S&P 500 gained 0.74%.

Persons: Dow, Apple, Thomas Martin Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Bloomberg News, Apple, Nvidia, Globalt Investments, CNBC, JPMorgan Chase, Citigroup Locations: New York City, U.S, Wells Fargo, BlackRock

☆ See Maps of Where Eclipse Seekers Flocked and the Traffic That Followed
▼ + stars: | 2024-04-10 | by ( Charlie Smart | ) www.nytimes.com time to read: +5 min

See Maps of Where Eclipse Seekers Flocked and the Traffic That Followed Movement data shows the destinations with the greatest influx of people. PATH OF TOTALITY VT. MAINE St. Johnsbury Adirondack Park N.H. N.Y. PA. OHIO ILL. IND. Greater increase in activity TEXAS Texas Hill Country PATH OF TOTALITY VT. MAINE St. Johnsbury Adirondack Park N.H. N.Y. PA. OHIO ILL. IND. PATH OF TOTALITY MAINE VERMONT Bangor Burlington NEW YORK Portland NEW HAMPSHIRE Syracuse Manchester Albany MASS. NEW YORK PATH OF TOTALITY MAINE VERMONT Bangor Burlington NEW YORK Portland NEW HAMPSHIRE Syracuse Manchester Albany MASS.

Persons: Maine —, Liam Sullivan, Mr, Sullivan, Cassandra Klos, Nick Perry, Louis W.V, ”, Richard Chen, Chen Organizations: Eclipse, MAINE St, TEXAS Texas Hill, OKLA . TEXAS Texas, MAINE VERMONT Bangor Burlington NEW YORK Portland NEW HAMPSHIRE Syracuse Manchester Albany, Portland VERMONT NEW, ”, The New York Times, Associated Press, Northeast, IOWA Toledo OHIO, Columbus Indianapolis, Toledo OHIO Locations: MAINE, N.Y . PA, OHIO, Ste, Genevieve KY, TEXAS, TEXAS Texas Hill Country MAINE, Johnsbury, Adirondack, PA . OHIO, KY, Genevieve MO, OKLA . TEXAS, Lancaster, N.H, Geneviève, Mo . State, New York, Ozarks, Arkansas, Missouri, MAINE VERMONT, Portland, Portland VERMONT NEW HAMPSHIRE Burlington, TomTom, Maine, New Hampshire, Burlington , Vt, Somerville , Mass, Somerville, Lake, Indianapolis, St, Louis, Columbus , Ohio, Toledo, Louis W.V . MO, Newport , Vt, Brooklyn, N.Y, U.S

A major U.S. bank and a legacy tech name were the focus of some of Tuesday's biggest analyst calls. The firm upgraded the apparel stock to overweight from neutral, and raised its price target to $31 per share from $26. The firm resumed coverage of the legacy tech company with an overweight rating and a $58 per share price target. He reiterated his $64 price target on the stock, implying upside of 10.7%. Additionally, he sees "greater risk to the achievement of our price target as the Fed rate cutting cycle begin."

Persons: Morgan Stanley, Matthew Boss, — Brian Evans, Goldman Sachs, Molson Coors Goldman Sachs, Molson, Molson Coors, Bonnie Herzog, Bud Light, Brian Evans, Goldman, Mark Delaney, Cisco, Morgan Stanley's, David Rochester, Fred Imbert Organizations: CNBC, Cisco Systems, JPMorgan, Eagle Outfitters JPMorgan, American Eagle Outfitters, Eagle Outfitters, Molson Coors, Molson, TAP, Tesla, Cisco, Wells Locations: U.S, Wells, Americas, EVs, Wells Fargo, 2H24, Rochester

☆ A chance to 'differentiate' its offering: What analysts expect from Google's cloud event
▼ + stars: | 2024-04-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Alphabet 's cloud event Tuesday could provide a much needed sentiment lift to investors fretting about the search giant's artificial intelligence potential, according to some Wall Street analysts. "With unique AI assets, including proprietary infrastructure and an advanced LLM model, we believe Google cloud has an opportunity to differentiate its cloud offering, improving market share and street sentiment," wrote Bank of America's Justin Post. This week's event, however, could mark a turnaround in the right direction and help lift sentiment toward the company's AI developments. Morgan Stanley's Brian Nowak also highlighted the event as one of five potential catalysts for the stock through the beginning of June. The firm is on the lookout for more examples of how the cloud is benefitting from the AI transformation, he said.

Persons: of America's Justin Post, Post, Morgan Stanley's Brian Nowak, Nowak Organizations: of America's, Nvidia, Microsoft, Wall, Rivals, Google Locations: U.S, Monday's, durably

☆ TSMC Will Receive $6.6 Billion to Bolster U.S. Chip Manufacturing
▼ + stars: | 2024-04-08 | by ( Madeleine Ngo | Don Clark | ) www.nytimes.com time to read: +1 min

The Biden administration will award up to $6.6 billion in grants to Taiwan Semiconductor Manufacturing Company, the leading maker of the most advanced microchips, in a bid to bring some of the most cutting-edge semiconductor technology to the United States. TSMC will also increase its total investments in the United States to more than $65 billion, up from $40 billion. Bringing the world’s most sophisticated chip manufacturing to the United States has been a major goal for the Biden administration. Although semiconductors were invented in the United States, production has largely shifted overseas in recent decades. Only about 10 percent of the world’s chips are made in the United States.

Persons: Biden, TSMC Organizations: Taiwan Semiconductor Manufacturing Company Locations: United States, U.S, Phoenix, Phoenix , U.S

☆ CSX completes first diverted cargo shipments on new rail line for Port of Baltimore
▼ + stars: | 2024-04-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Just days after CSX announced a new rail line in response to the Port of Baltimore closure, the Baltimore-bound containers that were diverted to the Port of New York and New Jersey are back being unloaded in Baltimore. CSX started discussions last week with Ports America to see how it could effectively move the diverted cargo. The train route moving the diverted cargo includes Chicago; Kearney, New Jersey; and Baltimore. Norfolk is in discussions with Ports America to extend this service directly on-dock at their Seagirt Intermodal Container Transfer Facility. As the Port of Baltimore crisis unfolded, many major ocean carriers invoked contract clauses transferring responsibility for transportation of cargo from diverted ports to shipping clients.

Persons: Mark Schmidt, Schmidt, Scott Cowan Organizations: CSX, Port, Ports, Canada, Plan Investment Board, Ports America, Norfolk Southern, Elizabeth Marine, Norfolk Southern's Triple Crown Services, International Longshoremen's Association, Baltimore Locations: Baltimore, of New York, New Jersey, Ports America, North, Chicago, Kearney , New Jersey, Norfolk, New York, Wilmington, Newark, Elizabeth , New Jersey, Port of New York, North America, Port of Baltimore, East Coast, Gulf, U.S, , Puerto Rico, Eastern Canada

☆ How to check if your solar eclipse glasses are real
▼ + stars: | 2024-03-29 | by ( Ashley Strickland | ) edition.cnn.com time to read: +11 min

Otherwise, experts say it’s absolutely necessary to wear certified eclipse glasses or use handheld solar viewers that meet a specific safety standard, known as ISO 12312-2, when watching all other phases of a total or partial solar eclipse. And sunglasses won’t work in place of eclipse glasses or solar viewers. Counterfeit eclipse glasses with black lenses that have straight left and right edges from China (top) are printed with text copied from real eclipse glasses, but the counterfeit glasses are missing the company address. Meanwhile, real eclipse glasses from American Paper Optics (bottom) have reflective lenses with curved left and right edges. Never look through an unfiltered optical device of any kind in this situation, even while wearing eclipse glasses.

Persons: ”, Rick Fienberg, “, ” Fienberg, Ronald Benner, doesn’t, ” Benner, Benner, ‘ I’m, ’ Organizations: CNN, American Astronomical Society, NASA, Planetary Society, American Optometric Association, Astronomical Society, ‘, Optics, APO, Eclipse, Force, “, AAS Locations: Mexico, United States, Canada, China, U.S, Cangnan, Europe

☆ Eli Lilly climbs on win for rival weight-loss drug, and we still feel good about Abbott Labs
▼ + stars: | 2024-03-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Abbott update : Shares of Abbott Laboratories were slightly higher Thursday, on pace for their third straight day of gains. The embattled cosmetics company was the top-performing Club stock in Thursday's session, boosted by an upgrade at Bank of America . 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, Eli Lilly, Wegovy, Abbott, Louis, Jim, Reckitt's Mead Johnson, Mead, Johnson, Stanley Black, Decker, Estee Lauder, Lauder, there's, Jim Cramer's, AJ Mast Organizations: CNBC, Stocks, Bloomberg, Amazon Pharmacy, Rite, Abbott Laboratories, Abbott, NEC, Home, U.S, Bank of America, Jim Cramer's Charitable, Getty Locations: U.S, St, Illinois, China, Indianapolis , Indiana

☆ The income a family of 4 needs to live comfortably in 20 major U.S. cities
▼ + stars: | 2024-03-27 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

A family of four needs to make more than $275,000 to live comfortably in some of the most expensive U.S. cities, a recent SmartAsset analysis reveals. "Comfortable" is defined as the income needed to cover a 50/30/20 budget for a family of two adults and two kids. That's followed by other cities known for having notoriously expensive housing costs, including Boston, New York City, Honolulu and Los Angeles. Out of all 99 cities SmartAsset examined, a family of four would need a median of $226,886 to live comfortably. But that's still higher than the median family income in the U.S. of $92,750, according to the most recent U.S. Census bureau data available.

Persons: That's Organizations: MIT, Boston, New, Urban, Santa, Chula, Seattle, Legislative, Office, for Community & Economic Research, CNBC Locations: San Francisco, Jose , California, Arlington , Virginia, New York City, Oakland, California, Urban Honolulu, Hawaii, Irvine , California, Santa Ana , California, Portland , Oregon, Diego, Chula Vista , California, Newark , New Jersey, Jersey City , New Jersey, Aurora, Colorado, Long Beach , California, Anaheim , California, Angeles, Washington, Francisco, Boston , New York City, Honolulu, Los Angeles, In California, U.S, Houston

☆ Stock futures are little changed as major averages’ rally takes a breather: Live updates
▼ + stars: | 2024-03-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange (NYSE) on March 20, 2024 in New York City. U.S. stock futures traded near the flatline Monday night, after the major averages took a breather from their rally. Month to date, the major U.S. stock benchmarks are on pace for their fifth straight month of gains. Despite some concerns that the market rally has crossed into overbought territory, investors still can't be underweight on equities as of now, according to 3Fourteen Research cofounder Warren Pies. Durable goods orders and the Richmond Fed's manufacturing survey will also provide insight on the health of the manufacturing sector.

Persons: Dow, Warren Pies, CNBC's Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Richmond Locations: New York City . U.S, U.S, overbought

☆ Stock futures slip ahead of shortened trading week: Live updates
▼ + stars: | 2024-03-24 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on March 20, 2024 in New York City. Stock futures were slightly lower Sunday evening ahead of March's last—and shortened—trading week. S&P futures and Nasdaq 100 futures lost nearly 0.1%. Overall investor sentiment remains above its historical average, according to the latest weekly American Association of Individual Investors Sentiment Survey, reflecting persistent market optimism. This week, investors will gain further insight about the path of inflation from the February personal consumption expenditures price index, the Fed's preferred inflation gauge, released Friday morning.

Persons: Ryan Grabinksi Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow, Federal, American Association of, Strategas Securities Locations: New York City, March's, U.S

☆ How to hedge your winning chip trade if you nailed the AI rally
▼ + stars: | 2024-03-22 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

However, I want to establish an insurance trade in the event chip stocks come up for a breather short-term or reverse some of this rally. SOXX .SPX 6M mountain iShares Semiconductor ETF (SOXX) vs. the S & P 500 The continued euphoria and associated demand for artificial intelligence semiconductors has boosted several chip stocks such as Nvidia, Broadcom and AMD. These three stocks alone are collectively up 150% on a one year look back and also make up nearly 25% of iShares Semiconductor ETF (SOXX) . DISCLOSURES: (Long SOXX, Long this put spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Jerome Powell, Long Organizations: Federal Reserve, Semiconductor, Nvidia, Broadcom, AMD, iShares Semiconductor Locations: U.S

☆ General Electric is among the most overbought names on Wall Street. Here are the others
▼ + stars: | 2024-03-22 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

After significantly outperforming the broader market this year, shares of General Electric could see a pullback, at least according to one popular chart metric. Using the CNBC Pro Stock Screener tool, we searched for the most overbought and oversold names in the S & P 500 based on their 14-day relative strength index, or RSI. Here are some of the most overbought names: General Electric 's 14-day RSI of nearly 83 indicates that shares could be overbought. Several oil and gas names are also overbought, according to their RSI. However, Wall Street anticipates nearly 17% upside for Marathon Oil, according to LSEG.

Persons: LSEG, Wells, Roger Read Organizations: General, Federal Reserve, Dow Jones, Nasdaq, CNBC, Stock, GE, GE Vernova, New York Stock Exchange, Valero Energy, Marathon Petroleum, Marathon, NRG Energy, LSEG, NRG, Valero, Oil, Pfizer Locations: U.S, LSEG, Wells Fargo

☆ The 2 biggest events for Wall Street next week couldn’t be more different
▼ + stars: | 2024-03-16 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Investors will listen for the central bank's latest perspective on interest rates following the hotter-than-expected CPI and PPI reports this week. As members know, the market is looking for any signs of further disinflation in the housing market as shelter cost inflation remains the Fed's biggest concern. No club names report earnings next week, but we can't wait to see what Nvidia has to show us at its GTC AI developer conference . Other key reports include KB Home on Wednesday, which will provide a real-time look at the state the housing market, unlike the backward-looking housing reports. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: we'll, That's, Jerome Powell's, We're, Jensen, Jim Cramer, Huang, He'll, Lululemon, General Mills, OLLI, LULU, Jim Cramer's, Jim, Jerome Powell, Leah Millis Organizations: Dow, Nasdaq, PPI, Nvidia, Blackwell, CNBC, Micron Technology, Citi, Micron, Broadcom, Nike, FedEx, Music Entertainment, ZTO, Signet Jewelers, SIG, Sportradar, Micron Tech, KB, Worthington Industries, Accenture, Darden, Academy Sports &, Lufax, Brands, Winnebago Industries, Commercial Metals Company, Jim Cramer's Charitable, U.S . Federal, Federal, Market Locations: U.S, California, China, Washington , U.S

UBS trimmed its price target on Tesla to $165 from $225, implying shares will hover around current levels for the foreseeable future. Nvidia shares have rallied more than 83% this year, building on 2024's nearly 239% gain as investors continue to bet on artificial intelligence. The firm holds an overweight rating on the stock, with its $820 price target implying about 11% downside from Wednesday's close. — Samantha Subin 5:38 a.m.: UBS trims Tesla price target, cites downside risks to deliveries UBS cut its price target on Tesla to $165 from $225 a share, citing slower electric vehicle demand in the U.S. and Europe, coupled with competition concerns in China. He also raised his price target to $68 from $55, which implies upside of 18% from Tuesday's close.

Persons: Goldman Sachs, Christopher Danely, Danely, — Samantha Subin, Joseph Spak, Spak, Wells, outperformance, Richard Ramsden, Ramsden, 2026E, Fred Imbert Organizations: CNBC, UBS, Citigroup, Citi, Nvidia, Devices, Broadcom, AMD, Micron Technology, Micron, NA Locations: U.S, Europe, China, Tuesday's

☆ Top banking analysts see 3 reasons why Wells Fargo stock should push even higher this year
▼ + stars: | 2024-03-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Wells Fargo 's run of form continued Wednesday, with shares hitting another 52-week high. Wall Street analysts see more upside ahead for what's been the best-performing major U.S. bank stock in 2024. Shares of Wells Fargo have surged nearly 18% year-to-date, compared to the S & P 500 's 8.5% advance over the same stretch. Higher for longer Both analysts said a higher-for-longer interest rate environment creates a favorable setup for a money center bank like Wells Fargo. As the expectations for Fed cuts this year have been coming down, Wells Fargo stock has been climbing.

Persons: Wells, what's, Goldman Sachs, Morgan Stanley —, —, RBC Capital Market's Gerard Cassidy, Piper Sandler's Scott Siefers, Jim Cramer, RBC's Cassidy, Cash, Cassidy, Piper's Siefers, Siefers, Charlie Scharf, Scharf, that's, Jerome Powell, Jim Cramer's, Jim, Justin Sullivan Organizations: Wall, Peers, JPMorgan, Wells, CNBC, RBC Capital, Federal Reserve, Wells Fargo, Capital, Getty Locations: Wells Fargo, Wells, Basel

☆ It's been one year since SVB's collapse sent shockwaves through the banking sector. Here's where the industry and our financial names stand now
▼ + stars: | 2024-03-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

It's been a year this week since the collapse of Silicon Valley Bank sent shockwaves through the banking sector. Wells Fargo shares got a big boost after a key win with regulators in mid-February. It would allow Wells Fargo to finally grow its assets again and help rake in more profits. MS YTD mountain Morgan Stanley (MS) year-to-date performance Conversely, the Club's other bank stock, Morgan Stanley , has been lagging in 2024 — down 7% year to date. A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs.

Persons: It's, SVB, NYCB, Steven Mnuchin's, Wells Fargo, Wells, they've, Scott Siefers, Piper Sandler, we're, Charlie Scharf, Morgan Stanley, Morgan Stanley's underperformance, management's, Ted Pick, Jim Cramer, Morgan Stanley's, Morgan, Jim, Reddit, Jim Cramer's, JPMorgan, Goldman Sachs Organizations: Silicon Valley Bank, shockwaves, Bank, , New, , New York Community, Strategic Capital, Wells, Wells Fargo, Currency, Federal Reserve, CNBC, Club, Management, Morgan Stanley's IB, Citibank, JPMorgan Chase, Bank of America, Reuters Locations: Silicon, Wells, ,, , New York, Wells Fargo

☆ Gold near two-month peak as anticipation builds for June U.S. rate cut
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices lingered close to a two-month high on Monday, after softer U.S. economic readings last week cemented prospects of an interest rate cut in June by the Federal Reserve. U.S. gold futures fell 0.3% to $2,090.00. Traders have raised their hopes for a June rate cut, and are now seeing a 74% chance, compared with about 65% chance last Monday, according to LSEG's interest rate probability app. Lower interest rates boost the appeal of non-yielding bullion.

Persons: Edward Meir, Meir Organizations: Co, Federal Reserve, U.S, Traders Locations: Bangkok, Thailand, U.S, South Africa

☆ Chinese airlines can boost U.S. flights to 50 per week, U.S. says
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: +1 min

Chinese passenger airlines will be allowed to boost their weekly round-trip U.S. flights to 50 starting on March 31, up from the current 35, the U.S. Transportation Department, or USDOT, said on Monday, returning the market to about one-third of pre-pandemic levels. Chinese passenger airlines will be allowed to boost their weekly round-trip U.S. flights to 50 starting on March 31, up from the current 35, the U.S. Transportation Department, or USDOT, said on Monday, returning the market to about one-third of pre-pandemic levels. More than 150 weekly round-trip passenger flights were allowed by each side before restrictions were imposed in early 2020 due to the COVID-19 pandemic, but until August 2023, Chinese and U.S. carriers could each fly only 12 a week between the two countries. The number rose on Sept. 1 to 18 weekly round-trips and then to 24 per week starting Oct. 29. Reuters reported last June that newly approved Chinese flights to the United States were not overflying Russia, which would have given them a shorter flight time and fuel advantage over U.S. rivals blocked from Russian airspace.

Organizations: U.S . Transportation Department, U.S ., Reuters Locations: U.S, China, United States, Russia

☆ Major airlines raised fees for checked bags. Here are 7 ways to cut costs
▼ + stars: | 2024-02-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Brandon Bell | Getty Images News | Getty ImagesChecked bag fees represent big revenueA checked bag is one stored in a plane's cargo hold during a flight. While that service was free in years past, it's now standard for major airlines to charge for checked bags. By late 2023, it was about double for many carriers: $30 to $35 for one checked bag, Nastro said. Fly with certain airlinesDaniel Garrido | Moment | Getty ImagesThere are a few airlines that still don't charge for a checked bag. Those who wait to pay until arriving at the gate, for example, would pay $99 for a checked bag or carry-on, the chart indicates.

Persons: Brandon Bell, it's, Nastro, Eric Napoli, Daniel Garrido, Emirates —, Aiden Higgins, Higgins, Vondruska, Napoli Organizations: Getty, U.S, Bureau, Transportation, Airlines — Qatar Airways, Etihad Airways, Emirates, Air, Napoli, Spirit Airlines Locations: U.S, New York, Los Angeles

☆ Can a Tech Giant Be Woke?
▼ + stars: | 2024-02-25 | by ( Noam Scheiber | ) www.nytimes.com time to read: +1 min

The December day in 2021 that set off a revolution across the videogame industry appeared to start innocuously enough. “My friend called me crying, saying, ‘I just lost my job,’” recalled Erin Hall, one of the testers who stayed on. “None of us saw that coming.”The testers conferred with one another over the weekend and announced a strike on Monday. Just after they returned to work seven weeks later, they filed paperwork to hold a union election. Raven never rehired the laid-off workers, but the other testers won their election in May 2022, forming the first union at a major U.S. video game company.

Persons: Raven, ‘, ’ ”, Erin Hall Organizations: Activision Blizzard Locations: Wisconsin, U.S

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

☆ CNBC Daily Open: Fears over yet another hot inflation gauge
▼ + stars: | 2024-02-19 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets lowerU.S. stocks closed Friday in the red, ending their five-week winning streaks after hotter-than expected producer price index data for January. Urgent Ukraine appealEuropean leaders seek more support for Ukraine as Russia continues to make gains. [PRO] Bullish on equitiesMorgan Stanley has a positive outlook on equity markets despite some concerns over valuations.

Persons: Mette Frederiksen, Clinton's, Hillary Clinton, Donald Trump, Morgan Stanley, Andrew Slimmon Organizations: CNBC, Dow, Nasdaq, Sony, PlayStation, Clinton's Trump, U.S, NATO, Munich Security Conference Locations: New York City, U.S, Ukraine, Russia

☆ Plans to Expand U.S. Chip Manufacturing Are Running Into Obstacles
▼ + stars: | 2024-02-19 | by ( Don Clark | Ana Swanson | ) www.nytimes.com time to read: +1 min

In December 2022, Taiwan Semiconductor Manufacturing Company, the key maker of the world’s most cutting-edge chips, said it planned to spend $40 billion in Arizona on its first major U.S. hub for semiconductor production. The much ballyhooed project outside Phoenix — with two new factories, including one with more advanced technology — became a symbol of President Biden’s quest to spur more domestic production of chips, the slices of silicon that help all manner of devices make calculations and store data. Then last summer, TSMC pushed back initial manufacturing at its first Arizona factory to 2025 from this year, saying local workers lacked expertise in installing some sophisticated equipment. Last month, the company said the second plant wouldn’t produce chips until 2027 or 2028, rather than 2026, citing uncertainty about tech choices and federal funding. Progress at the Arizona site partly depends on “how much incentives that the U.S. government can provide,” Mark Liu, TSMC’s chairman, said in an investor call.

Persons: —, Biden’s, TSMC, ” Mark Liu Organizations: Taiwan Semiconductor Manufacturing Company, Phoenix Locations: Arizona, U.S, Phoenix —

☆ Flight attendant who was on Alaska Airlines when door plug blew out is now picketing for ‘living wage’
▼ + stars: | 2024-02-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

New York CNN —Steve Maller, a flight attendant for nearly 20 years, was one of the flight attendants on the Alaska Airlines flight 1282 when a door plug blew out. But he did say he’s also proud of how the flight attendants on board responded. “We have flight attendants who live in cars because they can’t afford to live where they’re based,” she said. A flight attendant wears a pin reading,' Flight Attendants Save Live!' He said many are already walking out — and the steady flow of flight attendants leaving Alaska every month worries him.

Persons: Steve Maller, Maller, Ben Minicucci, ”, ” Maller, “, he’s, He’s, haven’t, don’t, Joe Raedle, Julie Hedrick, we’re, We’re, Ondrea Wallace, she’s, Wallace, we’ve, Joe Biden, Nam, Sara Nelson, Biden Organizations: New, New York CNN, Alaska Airlines, of Flight, National Transportation Safety, General Motors, Ford, Railway Labor, United Airlines, Miami International Airport, —, Association of Professional, Association of Flight, CWA, Transport Workers Union, American Airlines, Railway Labor Act, O'Hare International, AFA, United, Alaska Air Locations: New York, Alaska, Portland , Oregon, Portland, Alaksa, United, Southwest, Chicago, ”

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