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☆ Stocks making the biggest moves midday: FedEx, Nike, Constellation Energy and more
▼ + stars: | 2024-09-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Constellation Energy – Shares surged more than 17% after the company announced plans to restart the Three Mile Island nuclear plant and sell that power to Microsoft to satisfy the energy needs of its data centers. ASML – The semiconductor stock slid 3.4% in the wake of a Morgan Stanley downgrade to equal weight from overweight. Morgan Stanley said the risk-to-reward ratio has been "balancing." Centessa Pharmaceuticals – The biotech stock rose more than 4% after Morgan Stanley upgraded it to overweight from equal weight. Valero Energy – The energy stock declined nearly 3% after a Piper Sandler downgrade to neutral from an overweight rating, citing "less room for outperformance."

Persons: Raj Subramaniam, Elliott Hill, John Danahoe, Eli Lilly's orforglipron, Eli Lilly, Vistra, it's, Donald Trump, Lennar, ASML, Morgan Stanley, Piper Sandler, Buddy Chester, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: FedEx, Nike, Constellation Energy, Microsoft, Novo Nordisk –, Deutsche Bank, Corbus Pharmaceuticals, Novo Nordisk's, Viking Therapeutics, Vision, Trump Media & Technology, Pharmaceuticals, Valero Energy Locations: Novo, Texas

☆ Goldman Sachs' Naison-Tarajano: Rate cut was 'a bit of a hedge' for the economy
▼ + stars: | 2024-09-20 | 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 EmailGoldman Sachs' Naison-Tarajano: Rate cut was 'a bit of a hedge' for the economySara Naison-Tarajano, Goldman Sachs Private Wealth global head of capital markets, joins CNBC's 'Closing Bell' to discuss reactions to the Fed's rate cut decision, market outlooks, and more.

Persons: Goldman Sachs, Sara Naison, Goldman Organizations: Wealth Locations: Goldman Sachs

☆ Pager attack used supply-chain spy tactic, says Chertoff Group CEO Chad Sweet
▼ + stars: | 2024-09-20 | 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 EmailPager attack used supply-chain spy tactic, says Chertoff Group CEO Chad SweetChad Sweet, Chertoff Group CEO, joins CNBC's 'Power Lunch' to discuss how last week pager blast in the Middle East was carried out, the potential impact for U.S. companies, and more.

Persons: Chad Sweet Chad Sweet Organizations: Chertoff

☆ RH CEO explains why his company doesn't have a social media presence
▼ + stars: | 2024-09-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

RH CEO Gary Friedman told CNBC's Jim Cramer on Friday why the upscale home furnishing retailer doesn't have any official social media accounts, saying paid promotions by online influencers aren't authentic. And, you know, having fake fans and people you pay talk about you on Instagram or TikTok or whatnot, it's not the truth." Friedman conceded that social media has exploded, and "the digital visualization and connectivity is real." However, he said that if consumers aren't interested in our showing enthusiasm for the brand, RH should do better work, not pay others to talk about the company. He claimed that RH still has a solid presence online, but not because of paid influencing or social media marketing on the company's part.

Persons: Gary Friedman, CNBC's Jim Cramer, Friedman, it's, RH, There's Locations: London, Paris, Milan, Madrid, U.S, North Carolina

☆ Trump Media hits new 52-week low after DJT lockup restrictions expire
▼ + stars: | 2024-09-20 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

Republican presidential nominee and former U.S. President Donald Trump looks on during a rally at Nassau Veterans Memorial Coliseum, in Uniondale, New York, U.S., September 18, 2024. Shares of Trump Media sank more than 7% Friday morning, hitting a new 52-week low one day after "lockup" restrictions expired, which had previously prevented its majority shareholder, former President Donald Trump, and other early investors from selling their shares. The lockup agreement first took effect when Trump Media went public in March, following a merger with a blank-check firm. The company has acknowledged in regulatory filings that the end of the lockup could spur large sales of the company's stock, which trades under the ticker "DJT." But even if insiders weren't the ones selling, the company has said that a perception by the markets that a sell-off was underway might drive down DJT's stock price.

Persons: Donald Trump, —, Kevin Breuninger Organizations: Nassau Veterans Memorial Coliseum, Trump Media, Securities and Exchange Commission Locations: Uniondale , New York, U.S

☆ Watch CNBC's full interview with Goldman Sachs' Sara Naison-Tarajano
▼ + stars: | 2024-09-20 | 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 CNBC's full interview with Goldman Sachs' Sara Naison-TarajanoSara Naison-Tarajano, Goldman Sachs Private Wealth global head of capital markets, joins CNBC's 'Closing Bell' to discuss reactions to the Fed's rate cut decision, market outlooks, and more.

Persons: Goldman Sachs, Sara Naison, Goldman Organizations: Wealth Locations: Goldman Sachs

☆ Watch CNBC's full interview with Solus' Dan Greenhaus
▼ + stars: | 2024-09-20 | 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 CNBC's full interview with Solus' Dan GreenhausDan Greenhaus, Solus Alternative Asset Management chief strategist and economist, joins CNBC's 'Closing Bell' to discuss the Fed's rate cut decision, market outlooks, and more.

Persons: Solus, Dan Greenhaus Dan Greenhaus Organizations: Asset Management

☆ Nike CEO change is a 'step in the right direction,' says Oppenheimer's Brian Nagel
▼ + stars: | 2024-09-20 | 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 EmailNike CEO change is a 'step in the right direction,' says Oppenheimer's Brian NagelBrian Nagel, Oppenheimer & Co. senior analyst, joins CNBC's 'Power Lunch' to discuss what Nike's leadership change could mean for the company, the path forward for the stock, and more.

Persons: Oppenheimer's Brian Nagel Brian Nagel, Oppenheimer Organizations: Nike, Co

☆ This under-the-radar stock in Nvidia's supply chain is a 'hidden gem,' Jefferies says
▼ + stars: | 2024-09-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

One global stock stands out as a "unique play" in the Nvidia and artificial intelligence supply chain, according to Jefferies. It's German semiconductor firm SUSS MicroTec , Jefferies said in a Sept. 17 report, calling it a "hidden gem" among European semiconductor firms. The investment bank initiated coverage of the stock at a buy rating and a target price of 76 euros ($84). The firm has "multi-layered exposure" to an advanced packaging technology called Chip-on-Wafer-on-Substrate, said Jefferies, explaining that it's used to make AI chips. SUSS sells its products to two major high bandwidth memory suppliers and TSMC, to be used in the production of that advanced packaging.

Persons: Jefferies, MicroTec, it's, SUSS, — CNBC's Michael Bloom Organizations: Nvidia, U.S, Jefferies, NVIDIA Locations: TSMC

☆ 401(k) savers can access one of the 'rare guarantees' in investing, CFP says
▼ + stars: | 2024-09-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Yet, according to financial advisors, there is an outlier in the realm of investing: the 401(k) match. The basic concept of a 401(k) match is that an employer will make a matching contribution on workers' retirement savings, up to a cap. In this example — a dollar-for-dollar match up to 3% — the investor would be doubling their money, the equivalent of a 100% profit. "If you were in Vegas and every time you put $1 in [the slot machine] you got $2 out, you'd probably be sitting at that slot machine for a mighty long time," said Elliott, a member of CNBC's Advisor Council. However, that money can come with certain requirements like a minimum worker tenure, more formally known as a "vesting" schedule.

Persons: Kamila Elliott, you'd, Elliott Organizations: Collective Wealth Partners Locations: Atlanta, Vegas

☆ Explore East London's vibrant Dalston with floral entrepreneur Kaiva Kaimins
▼ + stars: | 2024-09-20 | by ( Tom Chitty | Gaelle Legrand | ) www.cnbc.com time to read: +1 min

Florist Kaiva Kaimins may have been born in Australia, but Dalston is home. Kaimins lives and works in the East London enclave, where she set up her floral studio, My Lady Garden, in 2020. Oeno Maris, a fishmonger with a wine bar in the back that hosts regular sashimi nights. Dan's wine shop, a laid-back bar that specializes in natural wines. Watch the video above for an insider's look at how to enjoy your downtime in Dalston.

Persons: Kaimins, Papo's, Oeno Maris Organizations: CNBC Travel, Broadway Locations: Australia, Dalston, East London, York

☆ CNBC TechCheck Evening Edition: September 20, 2024
▼ + stars: | 2024-09-20 | 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 EmailCNBC TechCheck Evening Edition: September 20, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

Persons: TechCheck Organizations: CNBC Locations: San Francisco

☆ UK faces ultra-wealthy exodus amid non-dom tax changes
▼ + stars: | 2024-09-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK faces ultra-wealthy exodus amid non-dom tax changesCNBC's Karen Gilchrist explains how plans to abolish the U.K.'s non-dom tax concession could spark an exodus of the ultra-wealthy.

Persons: Karen Gilchrist

☆ Watch CNBC's full interview with Marci McGregor & Brian Levitt
▼ + stars: | 2024-09-20 | 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 CNBC's full interview with Marci McGregor & Brian LevittMarci McGregor, Merrill & Bank of America Private Bank head of CIO portfolio strategy, and Brian Levitt, Invesco global market strategist, join CNBC's 'Closing Bell' to discuss reactions to the Fed's decision to cut rates by 50 basis-points, market outlooks, and more.

Persons: Marci McGregor, Brian Levitt Marci McGregor, Brian Levitt, CNBC's Organizations: Merrill & Bank of America Private Bank

☆ Stocks making the biggest moves premarket: FedEx, Chewy, Trump Media and more
▼ + stars: | 2024-09-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Lennar — The homebuilding stock slipped 3% despite beating analysts' expectations for its fiscal third quarter. Trump Media & Technology Group — Shares traded nearly 5% lower as selling restrictions on former President Donald Trump and other early investors ended. PepsiCo — The snacks and beverage stock slipped 1% following a downgrade at Morgan Stanley to equal weight from overweight. ASML — Shares slipped 2% after Morgan Stanley downgraded the semiconductor manufacturer to equal weight from overweight. Aptiv — Shares of the automobile technology supplier rose more than 1% after an upgrade to overweight from equal weight at Wells Fargo.

Persons: John Donahue, Elliott Hill, Lennar, LSEG, Donald Trump, MillerKnoll, Tesla, Morgan Stanley, Lee Simpson, Piper Sandler, Chewy, Buddy Chester, CNBC's Michelle Fox, Sarah Min, Jesse Pound, Samantha Subin Organizations: Nike —, FedEx —, Trump Media & Technology, —, Constellation Energy, Microsoft, — Auto, Mercedes, General Motors, PepsiCo, Contessa Pharmaceuticals, Valero Energy Locations: China, Wells Fargo

☆ Pharmacy benefit managers respond to FTC's lawsuit over insulin drug prices
▼ + stars: | 2024-09-20 | 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 EmailPharmacy benefit managers respond to FTC's lawsuit over insulin drug pricesCNBC's Eamon Javers joins 'The Exchange' to report the latest on the FTC's lawsuit against drug middlemen for allegedly inflating insulin prices.

Persons: Eamon Javers Organizations: Pharmacy

☆ Huawei releases iPhone 16 rival
▼ + stars: | 2024-09-20 | 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 EmailHuawei releases iPhone 16 rivalCNBC's Eunice Yoon joins 'Squawk Box' from Beijing with the latest news.

Persons: CNBC's Eunice Yoon Organizations: Huawei Locations: Beijing

☆ It's 'premature' to conclude victory over inflation, says Northern Trust's Carl Tannenbaum
▼ + stars: | 2024-09-20 | 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 EmailIt's 'premature' to conclude victory over inflation, says Northern Trust's Carl TannenbaumCarl Tannenbaum, chief economist at Northern Trust, and CNBC's Steve Liesman discuss what the Fed's 50bp cut signals for the future, the state of the job market, and more.

Persons: Northern Trust's Carl Tannenbaum Carl Tannenbaum, Steve Liesman Organizations: Northern Trust Locations: Northern

☆ Fed Governor Waller says inflation softening faster than he expected put him in half-point-cut camp
▼ + stars: | 2024-09-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week's meeting because inflation is falling even faster than he had expected. A week before the Fed meeting, markets were overwhelmingly pricing in a 25 basis point cut. Along with the decision, individual officials signaled the likelihood of another half point in cuts this year, followed by a full percentage point of reductions in 2025. Fed Governor Michelle Bowman was the only Federal Open Market Committee member to vote against the reduction, instead preferring a smaller quarter percentage point cut. "I was a big advocate of large rate hikes when inflation was moving much, much faster than any of us expected," he said.

Persons: Christopher Waller, Waller, CNBC's Steve Liesman, Michelle Bowman, Bowman, Jerome Powell Organizations: Federal, CNBC, Fed, Market, Commerce Department

☆ 3-Stock Lunch: Nike, Fedex, & Lennar
▼ + stars: | 2024-09-20 | 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 Email3-Stock Lunch: Nike, Fedex, & LennarBrian Vendig, president of MJP Wealth Advisors, joins CNBC's 'Power Lunch' to discuss three stocks: Nike, Fedex, and Lennar.

Persons: Brian Vendig Organizations: Nike, Fedex, MJP Wealth Advisors

☆ Middle East funds flowing into AI
▼ + stars: | 2024-09-20 | 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 EmailMiddle East funds flowing into AICNBC's Kate Rooney joins 'Power Lunch' to explain how sovereign wealth funds in the Middle East are shifting to AI investments.

Persons: Kate Rooney

☆ Report: Qualcomm has approached Intel about a takeover
▼ + stars: | 2024-09-20 | 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 EmailReport: Qualcomm has approached Intel about a takeoverCNBC's Jon Fort joins 'Closing Bell' with some breaking news about Qualcomm and Intel.

Persons: Jon Fort Organizations: Qualcomm, Intel

☆ Watch CNBC's full interview with iPhone co-inventor Tony Fadell
▼ + stars: | 2024-09-20 | 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 CNBC's full interview with iPhone co-inventor Tony FadellTony Fadell, Fmr. Apple Executive, joins 'Closing Bell Overtime' to talk the release of the iPhone 16, the state of AI, and more.

Persons: Tony Fadell Tony Fadell Organizations: iPhone, Apple Executive

☆ Christie’s CEO discusses new Asia-Pacific headquarters in Hong Kong
▼ + stars: | 2024-09-20 | 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 EmailChristie’s CEO discusses new Asia-Pacific headquarters in Hong KongGuillaume Cerutti, Christie’s CEO, speaks to CNBC's Emily Tan about Christie's new office at The Henderson in Hong Kong.

Persons: Hong Kong Guillaume Cerutti, Emily Tan Locations: Asia, Pacific, Hong Kong

☆ Boeing's defense unit chief Colbert is departing, CEO says
▼ + stars: | 2024-09-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Former CEO for Boeing's defense, space and security subdivision Ted Colbert speaks during a press conference in Dubai on Nov. 16, 2019. The head of Boeing 's defense unit Ted Colbert is leaving the company effective immediately, said CEO Kelly Ortberg, marking his first major executive change since he took the top job in early August. Ortberg thanked Colbert for his 15 years of service at Boeing and said the unit's Chief Operating Officer Steve Parker would take over until the company names Colbert's replacement. Boeing's defense, space and security unit generated nearly 40% of Boeing's revenue in the first half of this year, but it has struggled with production problems and cost overruns, including on the new 747s that will serve as Air Force One aircraft. In the space sector, Boeing's Starliner is returning without the NASA astronauts who took it to the International Space Station in June.

Persons: Ted Colbert, Kelly Ortberg, Ortberg, Colbert, Steve Parker, Starliner Organizations: Boeing, Air Force One, NASA, International Space Station Locations: Dubai

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