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To that end, CNBC Pro used its stock screener tool to find the most overbought and oversold names on Wall Street, employing the 14-day relative strength index, or RSI, as a metric. Stocks that have a 14-day RSI above 70 are said to be overbought, indicating that shares might soon be due for a pullback. Microsoft was among the most overbought stocks this week, with an RSI of 74. Analyst price targets suggest more than 37% upside, per LSEG. With a RSI of about 19, real estate data firm CoStar Group was also among the most oversold stocks.
Persons: Nvidia, Brent Thill, Morgan Stanley, Meta Marshall, Vasu Raja, AAL, Ravi Shanker, Nicholas Jones, CSGP, , Fred Imbert Organizations: CNBC Pro, Microsoft, Jefferies, American Airlines, U.S, JMP Securities Locations: Corning
After eight devastating months of war, Muslims in Gaza on Sunday will mark a somber Eid al-Adha, a major religious holiday usually celebrated by sharing meat among friends, family and the needy. Adha means sacrifice, and the ritual killing of a sheep, goat or cow on the day is meant as a symbol of the prophet Abraham’s willingness to sacrifice his son. Hunger has gripped the Palestinian territory as Israel has unleashed an eight-month military offensive on the enclave and severely restricted what is allowed to enter, including humanitarian aid. “There won’t be any Eid, nor any Eid atmosphere,” said Zaina Kamuni, who was living with her family in a tent on a sandy expanse of land in southern Gaza called Al-Mawasi. “I haven’t eaten any meat in five months.”“It will be a day like any other day, just like Eid al-Fitr,” she added, referring to the other major Muslim holiday, which Gazans observed more than two months ago under the same conditions.
Persons: , Zaina Kamuni, Gazans Locations: Gaza, Israel, Al
But it was just a temporary boost for Hamas, whose support among Gazans has been low for some time. And as the Israeli onslaught has brought widespread devastation and tens of thousands of deaths, the group and its leaders have remained broadly unpopular in the enclave. More Gazans have even been willing to speak out against Hamas, risking retribution. In interviews with nearly a dozen Gaza residents in recent months, a number of them said they held Hamas responsible for starting the war and helping to bring death and destruction upon them, even as they blame Israel first and foremost. One Gazan, Raed al-Kelani, 47, said Hamas always acts in its own interests.
Persons: Gazans, Israel, Raed, Organizations: Hamas, Palestinian Authority Locations: Israel, Gaza
CNN —A critical highway linking Idaho and Wyoming has closed indefinitely after a portion of the road cracked and then collapsed in a “catastrophic landslide” Saturday, officials said. Mark Gordon said in a post on Facebook there is no estimated timeline for reopening Teton Pass, which links Victor, Idaho, and Jackson, Wyoming. The initial crack appeared Thursday morning across both lanes of travel, the Wyoming Department of Transportation (WYDOT) said in a post on Facebook at the time. “No crews were hurt in the process, and no equipment was damaged.”Cracks in the roadway on Teton Pass are seen on Friday, June 7, 2024, the day before its "catastrophic failure." The Teton Pass corridor “serves as a critical commuter route and facilitates the transport of goods and services that are lifelines to the growing regional economies in Wyoming and Idaho,” according to the US Department of Transportation.
Persons: Mark Gordon, WYDOT, catastrophically, , Wyoming Department of Transportation Gordon, , mudslide, Darin Westby, Westby Organizations: CNN, Wyoming Gov, Facebook, Wyoming Department of Transportation, Evans, of Homeland Security, Department of Transportation, US Department of Transportation Locations: Idaho, Wyoming, Teton, Victor, Jackson , Wyoming, WYDOT,
“The destruction is indescribable,” said Mohammad Awais, who returned with his family to their home in Jabaliya on Friday. “Even the ambulances can’t drive through them to transport the injured and martyrs,” he said of the streets in Jabaliya. April 17 Jabaliya market Area of image GAZA STRIP May 24 Jabaliya market April 17 Jabaliya market Area of image GAZA STRIP May 24 Jabaliya marketSome buildings had already been destroyed before the latest Israeli offensive in the area, according to imagery from April. Having survived the assault during the early months of the war, many people in Jabaliya thought they were safe from another Israeli offensive. Credit... Omar Al-Qattaa/Agence France-Presse — Getty Images Image Resting in the rubble in Jabaliya on Friday after Israeli forces withdrew from the area.
Persons: , Mohammad Awais, Awais, inhabitable, Israel, Omar Al, Mahmoud Issa, Hossam Shbat, Jabaliya, Shbat Organizations: Planet Labs, Agence France, Reuters “ Residents, “ Residents Locations: Gaza, Jabaliya, GAZA, Credit, Israel
CNBC Daily Open: Dow drops, Nvidia can't save Nasdaq
  + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter. ConocoPhillips CEO Ryan Lance said the deal would immediately grow ConocoPhillips' earnings, cash flow and shareholder returns after the deal closes in the fourth quarter.
Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Ryan Lance, Robert Isom, Vasu Raja, Raja, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, ConocoPhillips, Oil, American Airlines, Dow Locations: New York City, Disney, Texas , New Mexico, North Dakota
CNBC Daily Open: Dow drops, Nvidia couldn't save Nasdaq
  + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 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. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter.
Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Robert Isom, Vasu Raja, Raja, Korea's Kospi, Hang Seng, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, American Airlines, Treasury, Nikkei, China's CSI, Dow Locations: New York City, Disney, Asia, Pacific, Japan, South Korea, China
CNN —A Michigan State Police detective has been charged with murder after investigators say he fatally struck a fleeing suspect with an SUV last month near Grand Rapids, state prosecutors announced. Sterling fell to the ground and began yelling and groaning about pain in his back, body-worn police camera footage shows. Keely, 50, has been charged with one count of second-degree murder, which carries a life sentence, as well as an alternative charge of involuntary manslaughter, Michigan Attorney General Dana Nessel announced Tuesday. Brian Keely Michigan State Police)“Detective Sergeant Keely’s actions that day were legally, grossly negligent and created a very high risk of death or great bodily harm, which could have otherwise been prevented,” Nessel said. Keely was suspended from his position following the incident, Michigan State Police Director Col. James Grady II said last month.
Persons: Sgt, Brian Keely, Samuel Sterling, Sterling, Keely, Dana Nessel, ” Nessel, James Grady II, Grady, it’s, ” Grady, Ven Johnson, , , Marc Curtis, ” Johnson, Sterling “, ” Curtis Organizations: CNN, Michigan State Police, Michigan Department, Sterling, Brian Keely Michigan State Police, WWMT, Authorities, Marshall’s, Force Locations: Grand Rapids, Kentwood, Michigan, Burger
American Airlines slashed its revenue and margin outlook for Q2 2024 on Tuesday. American's CEO said part of its struggles is due to recent changes in ticket sales strategy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Speaking at an event on Wednesday, CEO Robert Isom said the lower earnings guidance can be attributed to a weaker-than-expected marketplace and the airline's weaker-than-expected performance. A key factor behind lower bookings is the airline's recent changes to ticket sales strategy, Isom said.
Persons: Vasu Raja, American's, , Robert Isom, Isom Organizations: Airlines, Service, Business
American Airlines planes sit at the gate at Los Angeles International Airport (LAX) in Los Angeles, California, on July 26, 2023. Isom said American is weighing changes to a plan Raja led to drive direct bookings at the airline in lieu of third-party sites and travel agencies, a strategy that included gutting the airline's sales department. The changes angered some travel agencies who weren't able to access some of the carrier's fares as before, making it harder for some agencies to sell tickets on American flights. Raja said last month that the airline's corporate booking growth was coming in behind big rivals Delta and United . American in February said it would limit some travel agency bookings from being eligible to earn AAdvantage frequent flyer miles.
Persons: Robert Isom, Vasu Raja, Isom, Raja, We've, We're Organizations: Airlines, Los Angeles International Airport, American Airlines, Delta Locations: Los Angeles , California
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. Nasdaq hits record in muted tradeThe Nasdaq Composite closed above 17,000 for the first time, driven by a surge in Nvidia shares, in an otherwise lackluster day for the market. The yield on the 10-year Treasury note rose following a $70 billion Treasury Department auction of 5-year notes that met with weak demand. T-Mobile plans to use U.S. Cellular's wireless spectrum to improve coverage in rural areas.
Persons: Neel Kashkari, Vasu Raja, Raja, Ryan Salame, Sam Bankman, Salame, Todd Gordon Organizations: CNBC, Nasdaq, Nvidia, Dow Jones, Minneapolis Federal, . American Airlines, American Airlines, Mobile, U.S, Cellular, U.S . Cellular, GameStop, Commission
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow Jones Industrial Average fell more than 200 points after hawkish comments from Minneapolis Federal Reserve President Neel Kashkari. Fed's Kashkari seeks more inflation dataThe Federal Reserve should wait for significant progress on inflation before cutting interest rates, Kashkari told CNBC on Tuesday. GameStop soarsShares of GameStop jumped more than 20% after the video game retailer announced it raised $933 million from a share offering. [PRO] Riding the AI boomCNBC's Todd Gordon analyzes a cybersecurity company that could benefit from investor enthusiasm for artificial intelligence-related stocks.
Persons: Neel Kashkari, Fed's Kashkari, Kashkari, Vasu Raja, Raja, Korea's, Hang Seng, Todd Gordon Organizations: CNBC, Nasdaq, Nvidia, Dow Jones, Minneapolis Federal, Federal, American Airlines, GameStop, Japan's Nikkei, China's CSI, International Monetary Fund Locations: Minneapolis, Asia, Pacific
In this articleAmerican Airlines passenger jets are lined up at the gates at Ronald Reagan Washington National Airport in Arlington, Virginia, on Feb. 10, 2024. American Airlines slashed its sales outlook on Tuesday and said its chief commercial officer, Vasu Raja will depart next month. This is breaking news. Check for updates. Correction: This story has been updated to correct Vasu Raja's title.
Persons: Ronald Reagan, Vasu Raja, Vasu Organizations: American, Ronald Reagan Washington National Airport, American Airlines Locations: Ronald Reagan Washington, Arlington , Virginia
CNN —A doping case involving 23 Chinese swimmers took a diplomatic twist on Wednesday after US lawmakers called on the US Department of Justice and the International Olympic Committee to launch inquiries into the controversy. The Chinese swimmers tested positive for trimetazidine, a banned performance-enhancing substance, several months before the Tokyo Olympics – a tournament at which they were allowed to compete in, and went on to win medals at, according to a report from the New York Times released in coordination with German public broadcaster ARD. In a statement released Wednesday, the lawmakers called for an assessment as to whether the alleged doping was “state-sponsored,” adding that could warrant further diplomatic measures by the United States and the international community. CNN has reached out to the Department of Justice, the IOC and WADA for comment. Trimetazidine has the potential to boost endurance and has been banned by WADA since 2014.
Persons: , Raja Krishnamoorthi, John Moolenaar, WADA, , ” WADA, Sarah Hirshland, Witold Banka, , Trimetazidine, CHINADA Organizations: CNN, US Department of Justice, International Olympic Committee, Tokyo, New York Times, ARD, Olympic, Chinese Communist Party, Doping Agency, Department of Justice, IOC, European Medicines Agency, EMA, Canadian Olympic Committee, Paralympic, , CHINADA, Xinhua Locations: People’s Republic of China, Russia, United States, Paris, China, , trimetazidine
The House select committee on China has asked the Justice Department and F.B.I. to investigate reports that Chinese authorities covered up positive doping tests for nearly half the swim team it sent to the last Olympic Games and that the global antidoping regulator failed to take action. “This scandal raises serious legal, ethical and competitive concerns and may constitute a broader state-sponsored strategy by the People’s Republic of China (P.R.C.) to unfairly compete at the Olympic Games in ways Russia has previously done,” the panel’s chairman, Representative John Moolenaar, Republican of Michigan, and its senior Democrat, Representative Raja Krishnamoorthi of Illinois, said in a letter to Attorney General Merrick B. Garland and the F.B.I. The letter could put additional political pressure on the Justice Department and Federal Bureau of Investigation to ratchet up scrutiny of China’s athletic program and the organization responsible for policing the use of banned performance enhancers, the World Anti-Doping Agency, just two months before the 2024 Summer Games in Paris.
Persons: John Moolenaar, Raja Krishnamoorthi, General Merrick B, Garland, Christopher A, Wray Organizations: Justice Department, Olympic Games, Olympic, Republican, Federal Bureau of, Doping Agency Locations: China, Russia, People’s Republic of China, Michigan, Illinois, Paris
Lisa Marie Presley was the sole heir to Graceland and her father’s estate when he died in 1977, and its overall worth has now reportedly reached into the hundreds of millions of dollars. The lawsuit alleges Naussany Investments & Private Lending LLC “appears to be a false entity created for the purpose of defrauding.”CNN emailed Naussany Investments & Private Lending LLC and received an automated reply, “We are currently out of the office; we will resume normal business hours on Tuesday May 28, 2024.”Riley Keough, Elvis Presley's granddaughter. (Photo by Dia Dipasupil/Getty Images) Dia Dipasupil/Getty ImagesWhen CNN attempted to reach Naussany Investments & Private Lending LLC by phone, the number was no longer in service. “Naussany Investments has now scheduled a non-judicial sale of Graceland based on the fraudulent deed of trust,” the lawsuit reads. Lisa Marie Presley annually earned seven figures from it, based on a court filing in her 2022 divorce.
Persons: Elvis Presley’s, Danielle Riley Keough, Elvis, Keough, , Lisa Marie Presley, ” Lisa Marie Presley, Elvis ’, , “ Lisa Marie Presley, Naussany, ” Riley Keough, Elvis Presley's, Dia Dipasupil, Graceland, Rolling, CNN’s Joe Sutton, Luciana Lopez, Alli Rosenbloom Organizations: CNN, Investments, Naussany Investments, ” CNN, Naussany, Lending, “ Naussany Investments Locations: Memphis, Graceland, Florida, Kimberling City , Missouri, Missouri, Shelby County , Tennessee
On tables and desks from schools turned shelters, wartime vendors lined a street, selling used clothes, baby formula, canned food and the rare batch of homemade cookies. Issam Hamouda, 51, stood next to his paltry commercial offering: an array of canned vegetables and beans from an aid carton his family had received. “Most of the goods found in the markets are labeled, ‘Not for sale,’” he said. Before the Israel-Hamas war devastated Gaza’s economy, he was a driving instructor. Now, Mr. Hamouda supports his family of eight the only way he can — by reselling some of the food aid they receive every few weeks.
Persons: Issam Hamouda, ’ ”, Hamouda Locations: Israel
Trucks of humanitarian aid began moving ashore into Gaza early Friday via a temporary pier built by the U.S. military, the first supplies of aid to be sent into the enclave by sea in two months. But the new shipments of food and other supplies fall far short of what humanitarian groups say is needed to meet the staggering levels of hunger and deprivation in Gaza. U.S. officials and international aid groups have said that sea shipments can only supplement deliveries through land crossings, not replace them. The war-torn territory of 2.2 million civilians is more reliant than ever on humanitarian aid. The devastation after seven months of Israeli bombardment, strict Israeli inspections and restrictions on crossing points had already severely limited what could enter.
Organizations: U.S ., U.S, Pentagon Locations: Gaza, Israel, Rafah
And most of these are Hindi films, meaning Bollywood holds an outsized influence on the country’s culture, identity and economy. A screengrab from the 2022 Bollywood film "The Kashmir Files." CNN reached out to several people from the film industry for this story, some of whom declined to be interviewed due to sensitivities around the topic. It encouraged some Bollywood filmmakers to “(lean) into the caricature of the Muslim villain,” he says. These films are growing fast; outside Bollywood, earnings from the South Indian media and entertainment industry have nearly doubled year on year, according to a 2023 report by the Confederation of Indian Industry.
Persons: India’s, Narendra Modi, Indranil Mukherjee, , Raja Sen, “ It’s, Modi, Tanul Thakur, , Veer Savarkar, , ” Adah Sharma, Pandits, Vivek Agnihotri, ” Sudipto Sen, Debashree Mukherjee, it’s, Thakur, Sen, Darab Farooqui, Sonu Mehta, Farooqui, , she’s, Aamir Khan, ” Farooqui, Jawaharlal Nehru, Mukherjee, Yash Chopra, ” That’s, ” Thakur, ” Sen, “ We’ve, , Dharmendra, Noemi Cassanelli, “ Something’s Organizations: India CNN —, Bharatiya Janata Party, BJP, Observers, Hollywood, Republican, Modi’s, Getty, CNN, Ministry of Culture, of, Netflix, Columbia, Social Democratic Party of India, Hindustan Times, Columbia University, Journalists, Confederation of Indian Industry Locations: Mumbai, India, Kerala, Kashmir, Jammu, Columbia University’s, Middle Eastern, South, Jaipur, New Delhi, Pakistan, United States, Tamil Nadu
Israel said on Thursday that it would send more troops to Rafah, the southernmost city in Gaza, which has become the focal point in the war between Israel and Hamas. The announcement signaled that Israel intends to press deeper into Rafah despite international concerns about the threat to civilians from a full-scale invasion of the city, where more than a million displaced people had been sheltering. “Hundreds of targets have already been attacked,” Yoav Gallant, Israel’s defense minister, said after meeting with commanders in the Rafah area. “This operation will continue.”For the past week Israel has described its offensive as a limited military operation, but satellite imagery and Mr. Gallant’s comments on Thursday suggested that a more significant incursion was already underway.
Persons: Israel, ” Yoav Gallant, Gallant’s Organizations: Hamas Locations: Rafah, Gaza, Israel,
Read previewWhen it comes to the trends and technologies shaping marketing today, it's easy to see why AI has dominated the headlines. The rise of generative AI is a watershed moment for marketers, transforming the landscape for creative expression. But it is worth remembering that AI is far from the only emerging technology presenting an outsized opportunity. AdvertisementOne example is the Mastercard Artist Accelerator — a tech- and talent-centered music program geared to helping emerging artists create, collaborate and monetize their work using emerging tech like GenAI and Web3. By embracing change, handling data responsibly and investing in innovation, brand leaders can make emerging tech their stepping stones — not stumbling blocks — as they push the industry forward.
Persons: , smartly, Raja Rajamannar Organizations: Service, Business, Vision, Mastercard Invest, Mastercard, Design
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongressman John Moolenaar on China tariff hike: This is simply 'leveling the playing field'Congressmen John Moolenaar and Raja Krishnamoorthi join CNBC's 'Squawk Box' to discuss why the Biden administration's new China tariff hike should receive bipartisan support, how this move could protect American industries, why TikTok should not be controlled by the Chinese Communist Party, and more.
Persons: John Moolenaar, Raja Krishnamoorthi, Biden Organizations: Chinese Communist Party Locations: China
Around 300,000 Palestinians in southern and northern Gaza are being forced to flee once again, the United Nations says, as Israel issued new and expanded evacuation orders on Saturday. But many are unsure where to find secure shelter in a place devastated by war. The expanded evacuation orders apply to the city of Rafah at Gaza’s southernmost tip, where more than a million Gazans have gathered after fleeing Israeli bombardment elsewhere over the past seven months. Some 150,000 people have already fled Rafah over the past six days, according to UNRWA, the United Nations agency that aids Palestinians. “Fear, confusion, oppression, anxiety is eating away at people.”
Persons: , , Mohammad al, Masri Organizations: Nations, United Nations Locations: Gaza, Israel, Rafah
Displaced from their home in Gaza City months ago, Ms. al-Wakeel and relatives began packing their bags on Monday and preparing to dismantle their tent in Rafah, at the southern edge of the Gaza Strip. Hamas had announced that it had accepted a cease-fire proposal from Qatar and Egypt, leaving many Gazans thinking that a truce was imminent. Instead, Israeli warplanes dropped leaflets in eastern Rafah telling people to flee and move to what Israel called a humanitarian zone to the north, as the Israeli military bombarded the area. Gazan health officials say that dozens have been killed since Israel’s incursion into parts of Rafah this week. “We thought that day a cease-fire was possible,” said Ms. al-Wakeel, 48, who helped the aid group World Central Kitchen prepare hot meals.
Persons: Manal, Israel, , Abu Yousef al, Marwan al Organizations: Hamas, Najjar Locations: Gaza, Rafah, Qatar, Egypt, Israel, Hams
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe UK has 'probably the most convincing disinflation story,' economist saysSanjay Raja, chief U.K. economist at Deutsche Bank, discusses the divergence between U.S. and U.K. central banks.
Persons: Sanjay Raja Organizations: Deutsche Bank
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