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☆ Asia-Pacific markets mostly gain as China stimulus measures come into effect; Hong Kong set to rise 3%
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China. Asia-Pacific markets mostly rose Friday, with Chinese stocks likely set to cap off a week of gains on the back of Beijing's stimulus measures aimed at boosting the economy. The bank added that the weighted average deposit reserve ratio of financial institutions will be about 6.6% after this reduction. Tokyo's headline inflation rate eased to 2.2%, down from August's 2.6%. The core inflation rate — which strips out prices of fresh food — in the capital city came in at 2%, in line with expectations from economists polled by Reuters and down from 2.4% in August.

Organizations: People's Bank of China, Reuters Locations: Victoria Harbour, Hong Kong, China, Asia, Pacific, Tokyo, August's

☆ Japan's ruling party votes to elect new leader and country's next prime minister
▼ + stars: | 2024-09-27 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Candidates in the upcoming leadership race for the ruling Liberal Democratic Party (LDP) join hands after giving speeches for the Liberal Democratic Party presidential election in Osaka, Japan on September 18, 2024. Japan's ruling party will elect the successor to outgoing Prime Minister Fumio Kishida on Friday in a race likely to decide the next leader of the nation. Kishida had thrown the Liberal Democratic Party for a loop when he announced in August that he would not be running for its top office, effectively ending his three-year term. The party has a majority in both chambers of the legislature, effectively ensuring its chief becomes the next prime minister. Polls suggest that the favorites in the election include ex-environment minister Shinjiro Koizumi, economic security minister Sanae Takaichi and former defense minister Shigeru Ishiba.

Persons: Japan's, Fumio Kishida, Kishida, Shinjiro Koizumi, Sanae Takaichi, Shigeru Ishiba Organizations: Liberal Democratic Party, Liberal Democratic Locations: Osaka, Japan

☆ The Late Morning Rundown: September 27, 2024
▼ + stars: | 2024-09-27 | 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 EmailNews Update – Late MorningCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ One chipmaker is finally reaping the benefits of Nvidia's AI chip boom
▼ + stars: | 2024-09-27 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Micron surged over 15% after strong revenue and profit forecasts driven by AI spending. Other chip stocks also rallied on Thursday after Micron's revenue guidance. AdvertisementMicron surged over 15% on Thursday after reporting strong revenue and profit forecasts, spurred by continued artificial intelligence spending. Micron projected its next quarter's revenues to be between $8.5 billion and $8.9 billion, above the $8.3 billion analysts anticipated. AdvertisementThe chipmaker's rosy forecast is a sign that it is another winner of the AI spending boom.

Persons: —, Sanjay Mehrotra, wasn't, Matt Bryson Organizations: Micron, Service, US, Nvidia, Samsung Electronics, SK Hynix, Tokyo Locations: HBM, South Korea

☆ The Pre-Market Rundown: September 27, 2024
▼ + stars: | 2024-09-27 | 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 EmailNews Update – Pre-MarketsCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ Bosses at Tesla's German Gigafactory are reportedly knocking on some workers' doors when they're at home sick
▼ + stars: | 2024-09-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Tesla workers in Germany have received home visits from managers when out sick, a German newspaper reported. AdvertisementSome Tesla workers have received visits at home from managers while off sick, according to a report from German newspaper Handelsblatt, which cited a recording of an internal meeting. AdvertisementHe added that Tesla workers report "extremely high workloads," with management pressuring those who are out sick as healthy employees are overloaded with additional work. — Elon Musk (@elonmusk) September 26, 2024In January, Musk warned Tesla workers to prepare for a ramped-up workload as he previewed plans for a mass-market EV. AdvertisementIn 2022, shortly after he took over X, Musk complained that because the company's San Francisco headquarters was about 90% empty, its free-lunch perk cost it more than $400 per meal.

Persons: Handelsblatt, Elon Musk, —, Dirk Schulze, Musk, Alex Tourville, — Elon, Tesla Organizations: Berlin, Service, Metall, Bloomberg, Business, San, X's Locations: Germany, Tesla's, Fremont , California, San Francisco, Austin , Texas

☆ French inflation cools more than expected in September as energy prices, transport costs decline
▼ + stars: | 2024-09-27 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

France's harmonized inflation rate fell sharply in September, preliminary data from the National Institute of Statistics and Economic Studies (Insee) showed Friday. Harmonized consumer prices in the euro zone's second-largest economy came in at 1.5% in September, down from 2.2% in August. The Harmonized Index of Consumer Prices (HICP) is adjusted for comparison with other euro zone countries. Altogether, Insee said that the September drop in consumer prices represents the sharpest monthly fall since 1990. Tobacco prices were expected to be virtually unchanged in September, compared to the previous month, Insee said.

Organizations: Eiffel, Paris, National Institute of Statistics, Economic Studies, Consumer, Reuters, European Central Bank, ECB, France's, Index, Olympic, Paralympic Games Locations: Paris, London

☆ We're trimming this healthcare stock as it hits new highs Friday — here's why
▼ + stars: | 2024-09-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

We are selling 75 shares of GE Healthcare at roughly $93.86. Following the trade, Jim Cramer's Charitable Trust will own 925 shares of GEHC, decreasing its weighting to 2.5% from 2.72%. After further contemplation since the Morning Meeting , we are trimming our position in GE Healthcare. It's been the second best-performing healthcare stock in the S & P 500 this past month, rallying roughly 11% to put its year-to-date gains at 21%. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, It's, Jim Cramer, Jim Organizations: GE Healthcare, UBS, GE, CNBC, Traders, NYSE Locations: China

☆ A 37-year-old nurse got unusually short of breath on a hike. She had stage 4 lung cancer.
▼ + stars: | 2024-09-27 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +6 min

Lung cancer is rare in people under 45, but more women who have never smoked are developing the disease. She was young, healthy, and never smoked so was shocked when she was diagnosed with lung cancer. Although CDC data suggests rates of cigarette smoking, which is the leading risk factor for lung cancer in the US, have declined significantly over the last few decades, rates of non-smokers getting lung cancer are rising. Doctors quickly identified she had stage four, non-small cell lung cancer, which had spread to her pelvis, right femur, and cervical spine. She and her husband started Ten for Ten Million to raise funds for research at the MD Anderson Cancer Center.

Persons: Tiffany Job, —, wouldn't, Job, KLC Lung, she'd, KLC Organizations: Service, American Cancer Society, CDC, Oncology, University of Texas, Anderson Cancer Center, cramp Locations: Texas

☆ Maggie Smith, beloved ‘Downton Abbey’ and ‘Harry Potter’ star, dead at 89
▼ + stars: | 2024-09-27 | by ( Hilary Clarke | Caitlin Danaher | ) edition.cnn.com time to read: +4 min

CNN —Dame Maggie Smith, one of Britain’s best-known actresses whose long career ranged from starring opposite Laurence Olivier in “Othello” on stage and screen, to roles in “Harry Potter” and “Downton Abbey,” has died, her sons announced in a statement shared by their publicist Clair Dobbs. “It is with great sadness we have to announce the death of Dame Maggie Smith. Everett CollectionSmith was made a Dame Commander of the Order of the British Empire in 1990, and from then on was widely known as Dame Maggie Smith. She came to the notice of younger viewers as the strict but fair witchcraft teacher Minerva McGonagall in “Harry Potter and the Sorcerer’s Stone” (2001), also appearing in several “Harry Potter” sequels. In her later years, Smith became a role model for ageing gracefully, a process she handled with her customary charm and wit.

Persons: Maggie Smith, Laurence Olivier, “, ”, “ Harry Potter ”, Downton, Clair Dobbs, Dame Maggie Smith, ” Smith, Smith, William Shakespeare’s “, Olivier’s, Miss Jean Brodie, Neil Simon’s, Judith Hearne, Dowager Countess, Everett, Mussolini, Franco Zeffirelli, Minerva McGonagall, “ Harry Potter, Harry Potter, Violet Crawley, Dowager, Robert Stephens –, –, Beverley Cross Organizations: CNN, Chelsea, Westminster Hospital, Oxford University, Oxford Playhouse School, Oxford University Dramatic Society, The Old, British, Acclaim, Atlantic Locations: Ilford, London, Oxford, “, ”, California, British, Florence, Italy, Grantham, “ Downton, Los Angeles

☆ Trump Media insiders sell nearly 11 million shares after lock-up period expires
▼ + stars: | 2024-09-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A major Trump Media shareholder has sold nearly all of its company shares, an SEC filing showed. It's the first known sale of Trump Media shares following a September 19 lock-up expiry. AdvertisementTrump Media shareholder United Atlantic Ventures has sold nearly all of its stake in the company, amounting to nearly 11 million shares. The sale is the first known case of company insiders ditching Trump Media shares now that restrictions have expired. AdvertisementGiven how volatile the Trump Media stock is, UAV may have received anywhere between $128 million and $170 million for its sale.

Persons: —, Andrew Litinsky, Wes Moss, Donald Trump's, Moss, Trump, DJT Organizations: Trump Media, SEC, United Atlantic Ventures, Service, Social, UAV, Trump

☆ Morgan Stanley raises its price target for a Chinese tech giant it calls a ‘safe haven’
▼ + stars: | 2024-09-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Of all Chinese internet stocks, one company has the "best risk-reward" for investors, Morgan Stanley says. Morgan Stanley raised its price target for Tencent from 450 Hong Kong dollars to 480 Hong Kong dollars ($57.80 to $61.70). Its shares have jumped since mid September, from about around 374 Hong Kong dollars to the current 424 Hong Kong dollars. As for its games unit, Morgan Stanley says the firm will enjoy "near-term catalysts," adding that there will be a "robust" pipeline, with its evergreen games set to continue netting growth. It estimates Tencent's games revenue growth could rise 13% and 10% year on year in the second half this year and in 2025, respectively.

Persons: Morgan Stanley, Tencent, there's, — CNBC's Michael Bloom Organizations: Hong Locations: Hong Kong, Alibaba

☆ Final September consumer sentiment read improves to best level since April
▼ + stars: | 2024-09-27 | by ( Rick Santelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal September consumer sentiment read improves to best level since AprilCNBC's Rick Santelli reports on the latest economic data to cross the tape.

Persons: Rick Santelli

☆ European markets head for higher open as investors weigh global economic outlook
▼ + stars: | 2024-09-27 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

LONDON — European markets headed for a higher open on Friday as investors weighed the outlook for the economy and looked to fresh data. European stocks had climbed Thursday, with the pan-European Stoxx 600 closing 1.25% higher after being boosted by gains in Asia-Pacific markets. Those widely continued their climb on Friday, still buoyed by China's announcement of stimulus measures earlier in the week. Economists are expecting headline PCE to have risen 2.3% on an annual basis and 0.1% from the previous month. Back in Europe, preliminary inflation data for September is expected out of France, and the latest German unemployment data is also due.

Persons: Germany's DAX Organizations: CAC, MIB, LONDON, People's Bank of, PCE Locations: Asia, Pacific, People's Bank of China, U.S, Europe, France

See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 5.80%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down.

Persons: they've, Lawrence Yun, Freddie Mac, it's, Fannie Mae Organizations: Federal, National Association of Realtors, Zillow, Fed, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ Muriel Furrer: 18-year-old cyclist dies after fall in junior road race
▼ + stars: | 2024-09-27 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +1 min

CNN —Muriel Furrer, an 18-year-old cyclist, has died after suffering a serious head injury in a race, the Union Cycliste Internationale (UCI) announced Friday. Furrer was competing in the women’s junior road race at the world championships in Zurich, Switzerland, on Thursday when she was badly injured in a fall. “With the passing of Muriel Furrer, the international cycling community loses a rider with a bright future ahead of her. The 18-year-old rider fell heavily yesterday, Thursday 26 September, during the Women Junior road race, and suffered a serious head injury before being flown to hospital by helicopter in a very critical condition. “The UCI and the Organising Committee of the 2024 UCI Road and Para-cycling Road World Championships offer their sincere condolences to Muriel Furrer’s family, friends and her Federation Swiss Cycling.

Persons: Muriel Furrer, Furrer, Muriel Furrer’s, “ Muriel Furrer’s, ” Organizations: CNN, Union Cycliste Internationale, UCI, Women Junior, Zurich University Hospital, “, Federation Swiss Cycling, ” CNN, Zurich Cantonal Police Locations: Zurich, Switzerland, Para, Swiss

☆ Friday, September 27, 2024: The Club breaks down the bullish analyst call for this retailer
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: 1 min

Friday, September 27, 2024: The Club breaks down the bullish analyst call for this retailerJeff discusses the earnings numbers for this consumer staple. He also talks about the analyst call for this consumer discretionary stock. Finally, he break down the rough quarter for this financial stock.

Persons: Jeff

☆ Dollar drifts, risk-sensitive currencies lifted by China optimism
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +4 min

The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. "This suggests a more cautious approach to interest rate cuts, prioritizing a balance between the Fed's employment mandate and keeping an eye on inflation risks." The risk-sensitive Australian and New Zealand dollars also held near multi-year highs due to China stimulus plans. AUD/On Thursday, China's leaders pledged to support the struggling economy through "forceful" interest rate cuts and adjustments to fiscal and monetary policies, stoking expectations for more stimulus.

Persons: Ryan Brandham, Sterling, China's Organizations: Federal Reserve, North America, Validus Risk, New, Communist Party, ING Locations: U.S, China, New Zealand

☆ Columbus, Ohio is the city with the fastest car commute in America, new study shows—see the full top 10 list
▼ + stars: | 2024-09-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

The United States is home to some of the most congested cities in the world, but there are some places around the country where residents have a smooth daily commute. The average commute time was calculated using the 2022 American Census Survey and the traffic was calculated using Lyft data from August 2023 to August 2024. The report found that 25% of the commuters surveyed said that time was the most important factor in having a great commute. "If you are going back to the office, you know that the commute is not what it once was. Though dealing with congestion might seem bad, Bob Pischue, a transportation analyst at INRIX, says it's a sign of a good economy.

Persons: it's, Jill Gonzalez, Bob Pischue Organizations: Survey, CNBC Locations: States, United States, U.S, INRIX

☆ Clark: We predict a weak labor market with only 70,000 jobs added
▼ + stars: | 2024-09-27 | 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 EmailClark: We predict a weak labor market with only 70,000 jobs addedVeronica Clark, a Citi economist, confirms that inflation is slowing with an expected 0.2% monthly increase. She predicted a weak labor market with only 70,000 jobs added in September and forecasted a 50-basis point Fed cut in November, possibly larger if conditions worsen.

Persons: Clark, Veronica Clark Organizations: Citi

☆ The Pre-Market Rundown 2: September 27, 2024
▼ + stars: | 2024-09-27 | 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 EmailThe Pre-Market Rundown 2CNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ 'Monsters' co-creator Ryan Murphy calls backlash from the Menendezes 'predictable at best.' It's not the first time he's upset families at the center of his true crime shows.
▼ + stars: | 2024-09-27 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Lyle Menendez and Erik Menendez killed their parents in 1989, but they have the support of family members. The first season of "Monster" was about Jeffrey Dahmer, and angered his victims' families. AdvertisementOnce again, Netflix's "Monsters" has angered the families at the center of the true crime show, but co-creator Ryan Murphy is standing firm. Lyle Menendez and Erik Menendez admitted to killing their parents during their first trial in 1993, arguing they acted in self-defense after years of abuse. Still, "Monster: The Jeffrey Dahmer Story" was nominated for 13 Emmys, and Netflix has already renewed the anthology for a third season.

Persons: Lyle Menendez, Erik Menendez, Ryan Murphy, Jeffrey Dahmer, —, Lyle, Menendez, Erik Menendez's, Tammi Menendez, Murphy, Dominick Dunne, Joan VanderMolen, o7KEOEoYwr — Tammi Menendez, Dunne, Ian Brennan, Steve Granitz, It's, Kim Kardashian, Cooper Koch, Evan Peters, Dahmer, Netflix Dahmer, Rita Isbell, Errol Lindsey, Netflix should've, Tatiana Banks, Lindsey's, show's, haven't, Thomas M, Jacobson, " Jacobson Organizations: Service, Netflix, Hollywood

☆ I've been dating my girlfriend for 3 months and just asked her to move in. I'm worried I made a big mistake.
▼ + stars: | 2024-09-27 | by ( Kenneth I. | ) www.businessinsider.com time to read: +4 min

After just three months of dating, I asked my new girlfriend to move in with me. I was so excited at first, but now I'm wondering if we are moving too fast. Although I'm nervous, I'm trusting love will lead the way. AdvertisementEarlier this year, I asked a former colleague of mine to be my girlfriend, and she said yes. I'm worried about taking this major step with a woman — who I could marry — without factoring my family into the equation.

Persons: —, we're, I'm, She's, haven't Organizations: Service

☆ China optimism is surging. Why some investors are cautious
▼ + stars: | 2024-09-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

A shareholder at a securities hall in Hangzhou, the capital of Zhejiang province in east China, on Sept. 24, 2024. "Markets should place more emphasis on the specifics of the stimulus," Lu said. The People's Bank of China this week cut major interest rates, and announced plans to lower rates for existing mortgage holders. Questions about scaleFor some investment institutions, that's still not enough to move the needle on their China outlook. A survey in September of more than 1,200 companies in China by the U.S.-based China Beige Book found that corporate borrowing declined, despite historic lows in the costs to do so.

Persons: Xi Jinping, Ting Lu, Lu, Nomura's Lu, that's, Paul Christopher, Christopher, Shehzad Qazi, Qazi Organizations: Getty, BEIJING, Shanghai, Nomura, People's Bank of, Finance, Wells, Wells Fargo Investment Institute, U.S Locations: Hangzhou, Zhejiang, China, Beijing, People's Bank of China, Wells Fargo, U.S . Federal, U.S

☆ A European leader's top aide suggested his country wouldn't have resisted if Russia had invaded it
▼ + stars: | 2024-09-27 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

An aide to the Hungarian PM was criticized after suggesting Hungary wouldn't have resisted a Russian invasion. He referred back to a 1956 uprising in Budapest, which the Soviet Union brutally repressed. He said it was "irresponsible" to resist, citing the number of dead in the Ukraine war. He said this was because Hungary had tried and failed to resist the Soviet Union in 1956. Viktor Orbán is Russian President Vladimir Putin's closest ally in the European Union, a position that has put him strongly out of favor in the bloc.

Persons: Hungary wouldn't, —, Viktor Orbán, Balázs Orbán, Zelenskyy, Hungary —, Vladimir Putin's, Donald Trump, Putin, Trump Organizations: PM, Soviet Union, Service, Politico, European Union, Fidesz Locations: Hungary, Russian, Budapest, Ukraine, Hungarian, Soviet Union, Russia

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