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☆ Consumer confidence fell more than expected this month
▼ + stars: | 2024-09-24 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +2 min

The board’s Consumer Confidence Index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August 2021. By contrast, the index had a reading of 132.6 in February 2020, a month before the Covid pandemic hit. Each of the five components the organization samples fared worse on the month, with the biggest fall coming among those aged 35-54 and earning less than $50,000. “Consumers’ assessments of current business conditions turned negative while views of the current labor market situation softened further. Consumers were also more pessimistic about future labor market conditions and less positive about future business conditions and future income,” said Dana Peterson, chief economist at The Conference Board.

Persons: Dow, ”, Dana Peterson, Stocks, ” Peterson Organizations: Conference Board, Treasury, Federal Reserve

☆ Bird Photographer of the Year 2024: Surfing penguins and hunting falcons among winning images
▼ + stars: | 2024-09-24 | by ( Nell Lewis | ) edition.cnn.com time to read: +3 min

CNN —An image of a peregrine falcon chasing a butterfly, a vulture feasting on a black bear and a surfing penguin are among the winning images of Bird Photographer of the Year 2024. “We create this impactful display to honor the lives lost and increase public awareness,” Homonylo said in a statement. Will Nicholls, director of Bird Photographer of the Year, told CNN that the competition allows people to view things they may not be able to see for themselves. The title of Young Bird Photographer of the Year was awarded to 14-year-old Spanish photographer Andrés Luis Domínguez Blanco for a vivid image of a nuthatch — a small bird similar to a woodpecker — scrambling down an oak tree in Grazalema in southern Spain. The images cover a huge range of species, environments and behaviors – some are comedic while others carry a serious message.

Persons: Patricia Homonylo, Homonylo, ” Homonylo, Will Nicholls, ”, Young, Andrés Luis Domínguez Blanco, Paul Sterry Organizations: CNN, Initiative, Awareness, Birds, BirdLife International, Bird Locations: Canadian, Toronto, Grazalema, Spain

☆ Stock futures are little changed after Dow, S&P 500 hit record highs: Live updates
▼ + stars: | 2024-09-24 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Stock futures were calm on Tuesday evening as Wall Street looks to extend its September gains. Nasdaq 100 futures ticked up less than 0.1%, and futures tied to the Dow Jones Industrial Average dipped 0.1%. The moves come after the S&P 500 and Dow closed at record highs after gaining 0.25% and 0.20%, respectively. "I'm a buyer of this rally until unemployment claims start rising, until earnings start declining, really until growth's a problem. Investors will also be paying close attention to commentary from companies, especially as earnings season ramps up early next month.

Persons: Lauren Goodwin, We're, Scott Welch Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones, Dow, Federal Reserve, New York Life Investments, CNBC Locations: New York City

☆ Goldman sees this biotech fighting rare diseases rallying 35%
▼ + stars: | 2024-09-24 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Analyst Corinne Johnson initiated coverage of the biopharmaceutical stock focused on unique diseases at a buy rating. "Our positive view of the company is based on what we view as multi-blockbuster, first-to-market commercial opportunities ... coupled with the scalable nature of the company's antibody oligonucleotide conjugate platform," Johnson wrote to clients. The first is del-brax, a drug designed to fight facioscapulohumeral muscular dystrophy, or FSHD — which has estimated peak sales of $2.7 billion. The other is del-desiran, a therapy to treat myotonic dystrophy type 1, or DM1 — with a predicted peak sale figure of $4 billion. Shares have soared more than 380% in 2024, reversing course after dropping more than 59% last year.

Persons: Goldman Sachs, Corinne Johnson, Johnson, what's Organizations: Avidity Biosciences, LSEG Locations: Monday's

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Walmart, Salesforce, Starbucks, Amazon & more
▼ + stars: | 2024-09-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Tuesday's biggest calls on Wall Street: Piper Sandler initiates Colgate-Palmolive and Church & Dwight as overweight Piper said both consumer products company offer an attractive risk/reward. Piper Sandler upgrades Salesforce to overweight from neutral Piper said it sees an attractive risk/reward for the stock. Bernstein reiterates Amazon as outperform Bernstein said advertising is "key to the bull case once again" for Amazon. Wedbush upgrades Comerica to outperform from neutral The firm added the regional bank to its best ideas list. " CFRA reiterates Nvidia as buy The firm says it sees Nvidia with "sustained compute demand" over the coming years.

Persons: Piper Sandler, Dwight, Piper, Baird, Jefferies, it's bullish, Raymond James reinstates Uber, Raymond James, Goldman Sachs, Goldman, KeyBanc, Morgan Stanley, immuno, Oppenheimer, Lowe's, Redburn, it's, Truist, Baird downgrades McKesson, Needham, Apple, Pinterest, Leerink, Guggenheim, Tesla, TSLA, Bernstein, CFRA Organizations: Colgate, Palmolive, Church, Jefferies, Starbucks, Avidity Biosciences, BP, Exxon, Costco, Walmart, Apple, GE Vernova, UBS, Citi, Mastercard, Visa, U.S, DOJ, Comerica, CMA, Nvidia

☆ A popular China ETF is surging Tuesday. It's not time to jump in just yet, according to the charts
▼ + stars: | 2024-09-24 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Not surprisingly, the news has given a jolt to the most liquid Chinese ETF today, as well. The iShares China Large Cap ETF (FXI) has been trading even higher than that so far on Tuesday. The ETF was trading considerably higher in pre-market trading hours and opened a whopping 6% higher from the prior day's close. And that's exactly why we need to look beyond the last few months to a get true sense of its trend. And at that point, the ETF would be hitting its highest level since early 2022.

Persons: it's, FXI, that's Organizations: Shanghai Stock, RSI, CNBC, NBC UNIVERSAL Locations: China

The latest poll finds Harris and Trump roughly even with independent likely voters – Harris at 45% to Trump at 41% - with a gender gap that is centered among independents. Harris is well ahead among likely voters younger than 30 (55% support her to 38% who favor Trump), and among Black (79% Harris to 16% Trump) and Latino (59% Harris to 40% Trump) likely voters. Likely voters overall say they trust Trump over Harris to handle the economy (50% Trump to 39% Harris), immigration (49% Trump to 35% Harris) and foreign policy (47% Trump to 40% Harris). Likely voters generally favor Harris’ approach on abortion and reproductive rights (52% Harris to 31% Trump), uniting the country (43% Harris to 30% Trump), and protecting democracy (47% Harris to 40% Trump). Likely voters include all registered voters in the poll weighted for their predicted likelihood of voting in this year’s election.

Persons: Kamala Harris, Donald Trump, Harris, SSRS, Libertarian Chase Oliver, Jill Stein, Trump, Harris ’, That’s, Joe Biden, – Harris, outpacing Trump, Trump’s, Tim Walz, Ohio Sen, JD Vance, Hillary Clinton, Clinton Organizations: CNN, Trump, Libertarian, Green Party, Democratic, Independent, White, Minnesota Gov, Voters, Republican

☆ Intel matters to US chipmaking. Its tangled relationship with China makes things complicated.
▼ + stars: | 2024-09-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

As things stand, Intel is the only US chip firm with plants, known as fabs, that are capable of making advanced semiconductors. TSMC is set to open a fab in Arizona next year, while reports suggest Sam Altman is seeking to raise funds to create chip manufacturing plants. Intel's customers in China include Alibaba and TikTok parent company ByteDance, which have been subject to scrutiny from the US government. "Intel's ties to key businesses in China are typical for a high-tech firm," he said. As Intel and the US consider plans to increase manufacturing capacity at home, the company's China ties will loom large in the global chip race.

Persons: —, Joe Biden, Biden, Forrester's, Alvin Nguyen, HWA CHENG, Sam Altman, Pat Gelsinger, Gelsinger, Forrester's Nguyen, it's, Stacy Rasgon, Bernstein, Rasgon Organizations: Service, Intel, Business, Qualcomm, Street Journal, Bloomberg, China Intel, HWA, Getty, Nvidia, AMD, New York Times, The Times, South Korea's SK Hynix, Intel Capital, Financial, Financial Times, Yahoo Locations: chipmaking, Washington, Intel's Arizona, China, AFP, Taiwan, Arizona , New Mexico, Oregon, Arizona, Chengdu, Dalian, South, Beijing

☆ Why a jump in economic growth could be the stock market's nightmare scenario
▼ + stars: | 2024-09-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

An acceleration of US economic growth is a major risk for investors, says economist Steven Blitz. Blitz warns a "no landing" scenario could lead to inflation rebound and Fed rate hikes. The fed funds rate should be around 4% due to economic resilience, Blitz advises. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAn acceleration of economic growth in the US might be the stock market's worst-case scenario, according to GlobalData TS Lombard chief economist Steven Blitz.

Persons: Steven Blitz, —, Blitz Organizations: Service, GlobalData, Federal Reserve

☆ Startups are using ‘rock dust’ to make agriculture carbon friendly
▼ + stars: | 2024-09-24 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Agriculture is responsible for more than 10% of global carbon emissions, according to the U.S. Environmental Protection Agency. But while agriculture is a massive carbon offender, it could now be part of a solution, as startups are trying new ways of using nature to save itself. Startups like Lithos, UNDO Carbon and California-based Eion are experimenting with several types of carbon-absorbing rocks that can accomplish what lime does while permanently removing carbon from the atmosphere at the same time. "We apply a rock dust onto farms, and that helps farmers condition the soil or make the soil better for improvements," said Anastasia Pavlovic, CEO of Eion. "Then over time, that manages to secure and sequester carbon, permanently removing it from the atmosphere."

Persons: Anastasia Pavlovic, Eion, " Pavlovic, Dan Prevost, Prevost, Elon, Pavlovic, Lisa Rizzolo Organizations: U.S . Environmental Protection Agency, Farmers, Eion, Midwest, CNBC Locations: California, Norway, Mississippi, Illinois

☆ Deleted tweets, canceled events, erased endorsements: How Republicans are fleeing from Mark Robinson
▼ + stars: | 2024-09-24 | by ( Andrew Kaczynski | Em Steck | ) edition.cnn.com time to read: +7 min

She also deleted a post calling Robinson “North Carolina’s next governor.” Buckhout appears to have deleted five tweets in total. Dave Boliek, the GOP candidate for state auditor in North Carolina, appears to have deleted a Facebook post featuring Robinson from August 2024. Dave Boliek, who is running for state auditor, deleted a post showing him and Mark Robinson together in August. Outside of North Carolina, national Republicans and conservative activist and advocacy groups have distanced themselves from Robinson. Bill Lee, the chair of the Republican Governors Association, also pulled his endorsement and canceled a RGA fundraiser in Greensboro, North Carolina.

Persons: Mark Robinson, Robinson, Laurie Buckhout, ” Buckhout, Dave Boliek, Sen, Lisa Stone Barnes, Bill Ward, Stacie McGinn, ”, Allen Chesser, McGinn, I’m, ” Hal Weatherman, “, Thom Tillis, CNN’s Manu Raju, we’ve, ” Tillis, Robinson doesn’t, Ted Budd, Virginia Foxx, hasn’t, Foxx, Brian Kemp, Bill Lee, Vance, Trump, –, Josh Stein Organizations: CNN, Republicans, Republican, NAZI, US, Congressional, House, GOP, Wayback, State, District, North Carolina Republicans, North Carolina, Punchbowl News, Gov, . Tennessee Gov, Republican Governors Association, Trump, Dakota, National Rifle Association, Facebook Locations: North Carolina, North Carolina’s, Carolina’s, Mecklenburg County, South Mecklenburg County, Washington, North, Georgia, Greensboro , North Carolina, Wisconsin, Johnston County , North Carolina

☆ Trump's mass deportation plans could wreak havoc on the fight against inflation
▼ + stars: | 2024-09-24 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +6 min

But think-tank economists warned Business Insider that former President Donald Trump's proposed mass deportation could open that door right back up. Beyond posing significant humanitarian concerns, economists worry Trump's proposed mass deportation would be hugely inflationary, partly due to the basic calculations of supply and demand. Both he and Edelberg said a sudden mass deportation would upend the labor supply and, in turn, the ability to make goods. McKibbin has researched the impact of mass deportation and said it would lead to a combination of lower production and higher costs, particularly in the agriculture and construction sectors. Add on the uncertainty that mass deportation would bring, and a chilling effect among investors seems plausible.

Persons: —, Donald Trump's, Kamala Harris, Trump, Harris, Trump's, Wendy Edelberg, Warwick McKibbin, Edelberg, Adam Posen, Posen, McKibbin, Josh Bivens Organizations: Service, Federal Reserve, Trump, Business, Brookings Institution, Peterson Institute for International Economics, Peterson Institute, Bloomberg TV, Economic Policy Institute, Democratic

☆ Why Nvidia stock is surging, and the lesson to be learned from Home Depot's rally
▼ + stars: | 2024-09-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

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. 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. 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.

Persons: Jim Cramer, we've, Jensen Huang, Huang, Oppenheimer, –, We've, Cintas, Jim Cramer's, Jim Organizations: CNBC, China, Tech, Nvidia, Devices, Broadcom, Jim Cramer's Charitable

☆ Venture capitalist Deena Shakir just wrote a children's book to empower aspiring female founders
▼ + stars: | 2024-09-24 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

But when it came to finding a publisher for her children's book, "Leena Mo, CEO," she found herself in the hot seat. Now "Leena Mo, CEO," finally has a place on bookshelves. AdvertisementShakir's children's book, "Leena Mo, CEO," releases September 24, 2024. Deena ShakirWriting the female founder's storyShakir wrote the entire first draft of "Leena Mo, CEO" one frenzied weekend in December 2020. "Leena Mo, CEO" is also peppered with Arabic words — like the robot's name, "Helmy," a Romanized derivation of the Arabic word for "my dream."

Persons: —, Deena Shakir, Leena Mo, Shakir, Simon & Schuster, Chelsea Clinton, Sheryl Sandburg, Everly Health —, that's, Leena Mo's, Deena Shakir Shakir, she's, she'd Organizations: Service, Simon &, Business, Maven Clinic, Everly Health, Google Locations: Muslim

☆ Employers are increasingly tracking staff in the return-to-office world. One academic says surveillance at work has its good, bad, and ugly.
▼ + stars: | 2024-09-24 | by ( Nora Redmond | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. There was a brief period during the pandemic and the years after it when hybrid work, four-day workweeks, and flexible hours gave employees more power than ever before. And now, employee surveillance is on the rise. "That might create high staff turnover rates," he said, "and there are all sorts of costs associated with recruiting staff." Overall, Kayas held that whether staff surveillance is good or bad, or right or wrong, comes down to whether you're asking the employee or the employer.

Persons: —, JPMorgan Chase, Leo Lukenas III, BofA, Oliver Kayas, Kayas Organizations: Service, Business, Street Journal, Bank of America, JPMorgan, of America, Army, Liverpool John Moores University, Citigroup

☆ I tried to retire twice, once at 40 and again at 62. But I like working with people too much.
▼ + stars: | 2024-09-24 | by ( Gary Nunn | ) www.businessinsider.com time to read: +5 min

Twice in my life, I've attempted to retire, and both times, I've been tempted back into full-time work. Both my husband and I had done very well in our jobs, so I was fortunate enough to be able to retire early. By the age of 40, I'd worked my way to the top as a financial planner. AdvertisementDuring my second attempt at retirement, I realized how much I loved working with clientsThen, I really lost my mojo for work. While this adventure was exhilarating, I ultimately realized I missed being at home near loved ones and, most of all, working with clients.

Persons: —, Chris Childs, I've, I'd, We'd, wasn't, I'm, David, He'd Organizations: Service, Business, mojo Locations: Australia, Italy, France, England

☆ These funds aim to multiply the market's dividend yield. How they stack up to competitors
▼ + stars: | 2024-09-24 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The funds target distributions equal to six times the dividend payouts on the Nasdaq-100 Index and four times the S & P 500 dividend, respectively. The idea behind the Pacer funds is that the funds will capture more of that upside during market rallies, according to Sean O'Hara, president at Pacer ETF Distributors. The QDPL's website currently shows a distribution yield of 5.79%, or more than four-times the roughly 1.3% dividend yield on the S & P 500, according to YCharts.com. The dividend futures could also see bigger gains if more companies in the index decide to start paying dividends. To be sure, the dividend futures contracts could also decrease in value during times of economic stress.

Persons: Sean O'Hara, O'Hara, QDPL, Dow, Apple Organizations: Nasdaq, —, ETF Distributors, Schwab, Equity, Dow Jones, CME Group, Pacer, SEC, Microsoft

☆ September consumer confidence falls the most in three years
▼ + stars: | 2024-09-24 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The board's Consumer Confidence Index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August 2021. By contrast, the index had a reading of 132.6 in February 2020, a month before the Covid pandemic hit. "Consumers' assessments of current business conditions turned negative while views of the current labor market situation softened further. Consumers were also more pessimistic about future labor market conditions and less positive about future business conditions and future income," said Dana Peterson, chief economist at The Conference Board. The last time the confidence index dropped more came as inflation was just beginning a climb to what ultimately was the highest level in more than 40 years.

Persons: Dow, Dana Peterson, Stocks, Peterson Organizations: Conference Board, Treasury, Federal Reserve

☆ Meet Brittany Mahomes, Patrick Mahomes' wife who's caught the attention of Taylor Swift and Donald Trump
▼ + stars: | 2024-09-24 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +1 min

She played soccer collegiately at UT Tyler and went to play professionally for a season in Iceland. Brittany Mahomes played college soccer at UT Tyler and played professionally in Iceland. Soccer became her primary focus in high school, and she went on to play collegiately at UT Tyler. In 2016, during her senior year, Patrick Mahomes told UT Tyler Athletics, "I am extremely proud of the level of play she has gotten to because all of it is from hard work. After graduation, Brittany signed on to play professionally for UMF Afturelding in Iceland, where she played for one season.

Persons: Brittany Mahomes, Jamie Squire, Patrick Mahomes, Stefani Webb, Brittany, I've, I'm, UMF Organizations: UT Tyler, NWSL's KC, Staff, Soccer, UT Tyler Athletics, UMF Afturelding Locations: Iceland, She's

☆ A bid to change the electoral math hits a roadblock: From the Politics Desk
▼ + stars: | 2024-09-23 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

In today's edition, our team breaks down a key Nebraska state senator's decision to stand in the way of a Trump-backed drive to change how the state allocates its electoral votes. Trump allies have pushed for a special legislative session intended for the Republican-controlled legislature to change Nebraska to a winner-take-all system instead of awarding electoral votes by congressional district. The developments appear to cap months of deliberations over whether Nebraska lawmakers could change the way the state apportions its electoral votes in a way that would benefit Trump. Nebraska allocates its electoral votes by congressional district, and the swing district around Omaha has twice gone to Democrats in recent years, giving them one electoral vote from an otherwise ruby-red state. But if lawmakers changed that to a winner-take-all model, Trump would be all but certain to win all of Nebraska’s electoral votes.

Persons: Jonathan Allen, Bridget Bowman, Adam Edelman, Katherine Doyle, Allan Smith, Ben Kamisar, Donald Trump, Sen, Mike McDonnell, Trump, Kamala Harris, Mark Murray, Democratic Party — Harris, Harris, —, Biden’s favorability, Harris ’, Trump’s favorability, Trump’s, ”, Jeff Horwitt, J D, Joh, Hou, ari, us jobs, Rea Organizations: NBC, White House, Capitol, Trump, Key, Key Nebraska Republican, Nebraska Republican, Republican, NBC News, Nebraska, Electoral, Democratic Party, Democrats, Democratic, New York Times, aig Locations: Nebraska, Key Nebraska, “, Omaha, Michigan, Pennsylvania, Wisconsin, Siena, Arizona , Georgia, North Carolina

☆ Banned political ads found on TikTok weeks ahead of 2024 election
▼ + stars: | 2024-09-23 | by ( Victoria Feng | Victoria Feng Is An Intern On The Nbc News Technology Desk. | ) www.nbcnews.com time to read: +7 min

TikTok has banned all political advertising on the app since 2019, but that hasn’t stopped advertisers from running what appear to be paid political messages on the platform. According to TikTok, the company does “not allow ads featuring political content across any of our monetization features, including paid ads, creators being paid to make branded political content, and other promotional tools on the platform.”TikTok stands apart among its big tech peers in banning political ads — Facebook, Instagram, X and Google all allow political advertisements. The continued presence of political ads on TikTok illustrates the difficulties in patrolling its own platform just weeks ahead of the 2024 presidential election and amid the court proceedings over its potential ban. The findings come as recent research shows that political ads on social media platforms are often filled with misinformation. There were no obvious signs of misinformation among the TikTok videos NBC reviewed.

Persons: TikTok, hasn’t, ”, Vincent Raynauld, “, There’s, ActBlue, Tom Steyer, Jordan Chiles, Shelby Purdum, Republicans ’, Laura Edelson, Blake Chandlee, Edelson Organizations: NBC News, Facebook, Google, NBC, Emerson College, ActBlue, Democratic, Republicans, Social, Northeastern University, BBC, Commission, FEC Locations: U.S, Russia, China, Iran, United States, TikTok, NextGen America, ”

The Israeli military on Monday warned civilians in southern Lebanon to move away from Hezbollah positions as it intensified attacks on its neighbor. "Shortly, the IDF will engage in extensive, precise strikes, against terror targets which have been embedded widely throughout Lebanon," Israel Defense Forces spokesperson Rear Adm. Daniel Hagari said early Monday in a statement. The warning is the first of its kind issued by the IDF in Lebanon, an Israeli military official told NBC News, adding the present campaign only involves aerial strikes. Israel, the official said, wants to create safe conditions for its own citizens to return to the northern part of the country, and destroy Hezbollah's infrastructure in southern Lebanon. The Israeli military is also looking into reports that Yahya Sinwar, the leader of Hamas, was killed in a recent Israeli airstrike, an Israeli official told NBC News.

Persons: Daniel Hagari, Hagari, Israel, pagers, Yahya Sinwar, hasn’t, Raf Sanchez, Mithil Aggarwal Organizations: Israel Defense Forces, NBC News, Hezbollah, National News Agency, Axios Locations: Lebanon, Israel, Gaza, Iran, Beirut, Tel Aviv, Hong Kong

☆ Stocks making the biggest moves midday: Micron, Tesla, Ulta, Intel and more
▼ + stars: | 2024-09-23 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Micron Technology — Micron edged 2.7% higher after JPMorgan reiterated the stock as overweight ahead of the memory chipmaker's earnings, which are expected Wednesday after market close. Monday's gain put the stock on track for its biggest advance since Aug. 28, when it popped 9%. Ulta — The cosmetics stock lost more than 3% after a downgrade to hold from buy at TD Cowen. Biohaven — Shares surged 12% after the clinical-stage pharma company announced positive trial data for its drug treating spinocerebellar ataxia known as troriluzole. Intel — Shares of the struggling chipmaker climbed 2.4% after Bloomberg News reported on Sunday that Apollo Global Management proposed to make a multibillion-dollar investment in Intel.

Persons: Harlan Sur, General Motors, Bernstein, Cowen, troriluzole, Ciena, Jesse Pound, Alex Harring, Samantha Subin, Sean Conlon Organizations: Micron Technology, Micron, JPMorgan, Tesla, Barclays, U.S . Army, General, pharma, Intel —, Bloomberg, Apollo Global Management, Intel, CNBC, Qualcomm, Citi

☆ European stocks poised to start the week positively as markets remain buoyed by Fed cut
▼ + stars: | 2024-09-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

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

☆ Katie Stockton has an under-the-radar way to play the comeback in wheat and other soft commodities
▼ + stars: | 2024-09-23 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: CTVA, Katie Stockton Organizations: Invesco DB Agriculture Fund, Wheat, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: CTVA

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