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☆ South Korea is going big on American manufacturing. The Battery Belt could benefit the most.
▼ + stars: | 2024-09-23 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

Read previewSouth Korean companies are investing billions of dollars in the US to take advantage of two big laws meant to boost American manufacturing. A Financial Times analysis of United Nations data found South Korean companies invested $21.5 billion in US projects in 2023, more than any other country. Related storiesAnd South Korean investments span multiple states, mainly in the South. In the past decade, South Korean companies have created about 7,000 jobs in Texas and nearly 8,000 jobs in Indiana. Those provisions have incentivized South Korean companies to divert from China and focus more on the US.

Persons: —, Yeo, South, Biden, South Korea —, " Yeo, Joe Biden's Organizations: Service, United, Business, Samsung, LG, Hyundai, South, Peterson Institute for International Economics, EV, Financial, Kia, SK Hynix, Korea's Ministry of Trade, Industry, Energy, Wall Street, World Bank, Biden Locations: United Nations, South Korea, Taiwan, Southern, China, US, Georgia, South, Texas, Arizona, Indiana, Korea's

☆ 'Monsters: The Lyle and Erik Menendez Story' is about two brothers who murdered their parents. Here's what the Netflix show gets wrong.
▼ + stars: | 2024-09-23 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +5 min

Read preview"Monsters: The Lyle and Erik Menendez Story," the latest buzzy true crime drama series from Netflix, tells the story of two brothers who killed their parents in 1989. José Menendez likely didn't see who killed himJosé Menendez, and Javier Bardem in "Monsters: The Lyle and Erik Menendez Story." AdvertisementThere's no evidence the brothers had an incestuous relationshipCooper Koch as Erik Menendez and Nicholas Chavez as Lyle Menendez. The scene then shows Kitty Menendez walking in on Erik and Lyle Menendez kissing in the shower. Erik Menendez has said he isn't gayErik Menendez in Los Angeles in 1994.

Persons: —, Lyle, Erik Menendez, José Menendez, Mary Louise, Kitty, Menendez, Ryan Murphy, Jeffrey Dahmer, J, Simpson, Javier Bardem, Kitty Menendez, Erik, Cooper Koch, Nicholas Chavez, José, didn't, Eric Menendez, Ronald L, Lyle Menendez, Dominick Dunne, Nathan Lane, Dunne, Ted Soqui, Tammi Menendez Organizations: Service, Netflix, Business, Los Angeles Times, Getty, ABC News, ABC Locations: Los Angeles, Beverly Hills

☆ Iran is ready for nuclear talks at UN 'if other parties are willing,' foreign minister says
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +2 min

Then Iranian Deputy Foreign Minister Abbas Araqchi speaks over the Iran nuclear deal during a press conference in Tehran, Ian on August 9, 2015Iran is ready to start nuclear negotiations on the sidelines of the U.N. General Assembly in New York if "other parties are willing," Foreign Minister Abbas Araqchi said on Monday in a video published on his Telegram channel. Indirect talks between Washington and Tehran to revive the deal have stalled. Iran is still formally part of the deal but has scaled back commitments to honour it due to U.S. sanctions reimposed on the Islamic Republic. We will focus our efforts on starting a new round of talks regarding the nuclear pact," Araqchi said. U.S. President Joe Biden's administration has said the United States is not ready to resume nuclear talks with Iran.

Persons: Abbas Araqchi, Ian, Donald Trump, Araqchi, Antony Blinken, Trump, Joe Biden's Organizations: General Assembly, U.S, Hamas Locations: Iran, Tehran, New York, U.S, Washington, Islamic Republic, Switzerland, Iranian, Israel, Ukraine, United States

The best iPhone 16 Pro Max screen protectors offer durable protection and an installation tool for seamless application. For top options, see our guide to the best iPhone 16 Pro Max cases. AdvertisementWill an iPhone 15 Pro Max screen protector fit an iPhone 16 Pro Max? An iPhone 15 Pro Max screen protector will not fit the iPhone 16 Pro Max, and vice versa. To protect the previous model instead, see our guide to the best iPhone 15 Pro Max screen protectors.

Persons: Max Organizations: Business, Apple, Privacy Guard

☆ Watch now: ETF Edge on how blockchain could challenge the industry... or complement it?
▼ + stars: | 2024-09-23 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 1:15 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC's ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.

Persons: Bob Pisani Organizations: Edge

☆ 10 things to watch in the stock market Monday: Getting ready for big earnings coming
▼ + stars: | 2024-09-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: It's, Dow, Jim Cramer's takeaways, Cowen, Bernstein, Davidson, Dr Pepper, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Micron, Jefferies, Costco, Nasdaq, Intel, Qualcomm, Apollo Global Management, JPMorgan, Nike, Dow, General Motors, Microsoft, Club, Holdings, Bank of America, Citi, Apple, Barclays, Constellation Energy, Jim Cramer's Charitable, CNBC Locations: San Francisco

☆ How a U.S. crackdown on cheap Chinese imports could help Amazon but challenge Meta
▼ + stars: | 2024-09-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

The White House wants to close a trade loophole exploited by Chinese discount e-retailers — a move that would have a ripple effect on at least two of our portfolio stocks: Amazon and Meta Platforms. The de minimis exemption has allowed Chinese e-commerce giants, particularly low-cost Temu and Shein, to flourish. Temu has risen in popularity in the U.S. for selling items directly from Chinese merchants at massive discounts. Temu is generally seen as a growing competitor to Amazon since its prices are often lower. Meta challenges On the other hand, the trade shift could present a challenge for Meta, which relies on advertising from e-commerce platforms.

Persons: Harris, hocking, Temu, it's, Jeff Marks, Shein, Meta, Jim Cramer's, Jim Cramer, Jim Organizations: Biden, Harris Administration, Amazon, Deutsche Bank, Deutsche Bank analysts, JPMorgan, Services, Meta, Management, CNBC, Getty Locations: U.S, China, Temu

☆ Investors shorting oil are walking into a 'bear trap' with energy demand set to surge, Bank of America says
▼ + stars: | 2024-09-23 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Investors have turned bearish on oil amid fears of an OPEC+ price war and weak China oil demand. But if world GDP grows 3.3% next year, energy demand will likely surge, Bank of America says. That's because if GDP grows according to estimates, energy demand growth will likely follow. AdvertisementOPEC+ plans to add crude oil barrels into an existing surplus oil market after a series of cuts in the last two years. Those factors, along with the chance for a global economic slowdown, pose downside risks to the analysts' oil price target.

Persons: — Organizations: Bank of America, Service, Federal Reserve, bbl Locations: OPEC, China

☆ CNBC Daily Open: Some aren’t convinced of a soft landing
▼ + stars: | 2024-09-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Stephanie Keith | Getty ImagesThis 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. In terms of financial markets, financial firm BTIG sees a possible pullback. Last week's burst of euphoria was mostly driven by anticipation and celebration of the Fed's rate cut. Markets this week will look at the hard data coming out, like GDP figures for the second quarter, consumer confidence and PCE report.

Persons: Stephanie Keith, It's, Piper Sandler, Nancy Lazar, Lazar, BTIG, Jonathan Krinsky, –, Alex Harring, Hakyung Kim, Brian Evans Organizations: New York Stock Exchange, CNBC, Friday, FedEx, Nasdaq, Dow Locations: New York City

☆ Muni bonds could see a 'fast-paced rally' after having best summer in decades
▼ + stars: | 2024-09-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

It may be time to take another look at municipal bonds. These days, munis are cheap relative to corporate bonds, Bank of America said in a note Friday. "Muni weakness is not the driver here, but rather corporate richness," municipal research strategist Yingchen Li wrote. "We continue to advise investors to take positions while the muni market rally remains slow and ratios are somewhat cheap," he said. Municipal bonds have already had an "impressive" run in recent months, Haskell wrote in a note last week.

Persons: Yingchen Li, Li, Patrick Haskell, Haskell Organizations: Bank of America, BlackRock

☆ The job market is about to rebound as widespread spending boosts the economy, Apollo chief economist says
▼ + stars: | 2024-09-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

In a note to clients, Slok issued a more positive outlook on the US job market, even as hiring has slowed this year. "It is inconsistent to say that the incoming economic data is strong but the labor market is weakening," Slok wrote. AdvertisementHowever, consumption and business spending data have been strong in recent months. If the 30-year fixed rate slumps to around 5%, that could that could spark a rebound in home sales, providing a boost to the economy and job market, Slok said. AdvertisementThe outlook for the job market, though, remains mixed, with some commentators warning that hiring could continue to slow due to the lagged impact of the Fed's rate hikes.

Persons: —, Torsten Slok, Slok, Freddie Mac, David Rosenberg, who's Organizations: Service, Apollo Global Management, Business, Bureau of Labor Statistics, Challenger, IRA, Atlanta Fed Locations: Atlanta

☆ Monday, September 23, 2024: The Club says not to trade this tech giant after its recent product release
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

Monday, September 23, 2024: The Club says not to trade this tech giant after its recent product releaseGo behind the scenes with Jeff Marks of the CNBC Investing Club as he talks candidly about the market's biggest headlines, analyst calls and holdings in the Charitable Trust—and see up close how The Club decides when, and if, to take action on stocks.

Persons: Jeff Marks Organizations: CNBC, Club, Trust

☆ When I quit my job, I made many mistakes and almost burned bridges. Here's what you should do instead.
▼ + stars: | 2024-09-23 | by ( Georgie Tzintzis | ) www.businessinsider.com time to read: +5 min

At the end of my work days, I often found myself sitting in my car, bursting into tears. All of this prompted me to quit my job in the worst way possible. My actions created discomfort at the officeLater that day, my boss sent an email to everyone detailing my resignation. Instead, I lied, which any boss would be able to see through, and that created distrust in those last four weeks. I didn't burn any bridges, but there was a sour taste left in both our mouths.

Persons: —, could've Organizations: Service, Business

☆ We dreamed of spending our retirement on epic road trips. After buying an RV backfired, we made a better plan.
▼ + stars: | 2024-09-23 | by ( Marie L. Mangin | ) www.businessinsider.com time to read: +4 min

Read previewMy husband and I had always talked about getting a camper van and taking it on epic road trips after we retired. We were at a car show and spotted a compact, camper van from the '90s that was well within our budget. Even so, the costs of upkeep went up as we added more mileage to the camper van. And, after doing some math, we realized we don't need a camper van to do the road trips we dreamed of. AdvertisementHopefully, our camper van suits the new owners better than it did us — and maybe we'll cross paths on the road sometime.

Persons: —, van, Marie L Mangin, we're, We'll Organizations: Service, Business

☆ Qualcomm has good reasons to bid for Intel — but a takeover probably won't happen
▼ + stars: | 2024-09-23 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Read previewIf Qualcomm sees it through, its takeover bid of Intel would likely be the biggest in Silicon Valley history. The possibility of Intel handing its 56-year history over to a younger rival emerged last week after several reports said that California-based semiconductor firm Qualcomm had made a takeover approach. That said, not everyone is convinced that Qualcomm needs Intel — or that a buyout would be a good idea for either company. My industry survey also indicates that Qualcomm is currently in takeover talks with Intel. A Qualcomm bid for Intel could face similar regulatory obstacles to the takeover attempt Nvidia made for Arm in 2020 and later abandoned in 2022.

Persons: —, Qualcomm's, Pat Gelsinger, Patrick Moorhead, Richard Windsor, Chi Kuo, 錤, Qualcomm Organizations: Service, Qualcomm, Intel, Business, Nvidia, Financial Times, CNBC, Amazon Web, Intel Foundry, Radio Free Mobile, International Securities, Microsoft, Bloomberg Locations: Silicon Valley, California, Europe, Taiwan

☆ Modelo maker Constellation Brands jumps, and the S&P 500 eyes another record close
▼ + stars: | 2024-09-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 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. After struggling near the open, consumer staples is making a push higher on the daily S & P 500 sector leaderboard. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, There's, We're, Piper Sandler, Brown, Forman, Eli Lilly, Lilly, Jim Cramer's, Jim Organizations: CNBC, ., Constellation Brands, Corona, Modelo, Sunday, Abbott Laboratories, GE Healthcare, Novo Nordisk, Apple, Microsoft, Nvidia, Broadcom, Motors, Starbucks, Thor, Philadelphia Federal, Conference, Richmond, Jim Cramer's Charitable

☆ Stock market today: Dow ends at a record high as markets see rising odds of another big rate cut
▼ + stars: | 2024-09-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks rose Monday, with the Dow closing at a record high amid hopes for more rate cuts. Odds of a 50 basis point rate cut at the next FOMC meeting increased to 53%, up from 29% last week. AdvertisementUS stocks gained on Monday with the Dow Jones Industrial and S&P 500 closing at record highs as hopes of more Fed interest rate cuts ramped up. According to the CME FedWatch Tool, markets expect the Fed funds rate to fall to below 3% by the end of 2025, from 4.83% on Monday. That lines up with Kashkari's projection for the long-term Fed funds rate to sit at around 2.9%.

Persons: —, Austan Goolsbee, Neel Kashkari, Goolsbee, Kashkari Organizations: Dow, Service, Dow Jones Industrial, Federal, Chicago Fed, Minneapolis Fed, Fed Locations: Chicago

☆ Here’s what could knock the stock market’s momentum
▼ + stars: | 2024-09-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S & P 500 also reached an all-time high last week and posted a weekly advance of 1.4%. Here's a look: Valuations The S & P 500 trading near record highs is a double-edged sword, as valuations are also at historically high levels. "The S & P 500 is already trading a little above where it deserves to at year-end 2024." Scott Chronert of Citi also noted that six of the 11 S & P 500 sectors have "valuation composites near/at top decile levels." The S & P 500 has averaged a 2.3% loss in September over the past 10 years, according to FactSet data.

Persons: Stocks, it's, Lori Calvasina, Scott Chronert, BTIG's Jonathan Krinsky, Kamala Harris, Donald Trump, Piper Sandler, Craig Johnson, Gonzalo Asis, RBC's Calvasina, Citi's Chronert Organizations: Dow Jones, Federal Reserve, RBC Capital Markets, Citi, NBC, Presidential, PCE, Bank of America

☆ Georgia or Alabama: Who is facing the most pressure in SEC showdown?
▼ + stars: | 2024-09-23 | by ( Seth Emerson | Kennington Smith Iii | ) www.nytimes.com time to read: +11 min

Georgia is favored over Alabama for the fourth straight time Saturday, but another loss would be three losses in those four games. A loss would turn the conversation from “Kirby Smart had a Nick Saban problem” to “Georgia has an Alabama problem.”Alabama beat Georgia in the SEC Championship Game and earned a spot in the College Football Playoff. It certainly was in last year’s SEC Championship Game and likely will be again this weekend. But an Alabama win would elevate his status early in his tenure, so in that regard, there’s a lot to gain. Win or lose, both Georgia and Alabama will come away with things they need to work on.

Persons: Kirby Smart, Billie Jean King, ” Smart, Kalen, Nick Saban, Seth Emerson, Kennington Smith, Smith, That’s, Kirby, Saban, “ Kirby Smart, ”, Kevin C, Cox, Emerson, Smart, Minus Saban, Ole Miss, Carson, Beck, Jalen Milroe, Glenn Schumann, Milroe, he’s, —, Ryan Williams, Brock Bowers, Ladd McConkey, Mitchell, We’ve, I’m, it’s, Meech Robinson, DeBoer, Todd Kirkland, Erick W Organizations: Alabama, Smart, Georgia, Tide, SEC, College Football, Tennessee, LSU, Oklahoma, Saban, Texas, Emerson, Kentucky, Heisman Trophy, NFL, South, Wisconsin, Clemson, Getty Locations: Georgia, Tuscaloosa, Alabama, Smart, DeBoer, “ Georgia, Texas, Missouri, Kentucky, Tennessee, South Florida

☆ Oil edges up following U.S. rate cut move, geopolitical concerns
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +2 min

Oil prices gained slightly during early trade on Monday, boosted by concerns conflict in the Middle East may impact supply in the key producing region and expectations the U.S. interest rate cut last week will support demand. Both contracts rose in the previous session on support from the U.S. interest rate cut and a dip in U.S. supply in the aftermath of Hurricane Francine. Last Wednesday, the U.S. Federal Reserve cut interest rates by half a percentage point, a larger decrease in borrowing costs than many expected. Interest rate cuts typically boost economic activity and energy demand, but analysts and market participants are concerned the central bank may see a slowing job market. "Sentiment was buoyed by the Fed's rate cut amid hopes it can engineer a soft landing for the economy," said ANZ.

Persons: Hurricane Organizations: Brent, U.S . Federal Reserve, ANZ Locations: Houston , Texas, Israel, Iranian, Iran, Lebanon

☆ Trump says he won't run for the presidency again if he loses in November
▼ + stars: | 2024-09-23 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +1 min

Donald Trump says November will be his last election bid and that he will not run again in 2028. "Hopefully, we're going to be successful," Trump said in an interview that aired on Sunday. If Trump were to run again in November 2028, he would be 82 on election day that year. Go to newsletter preferences Thanks for signing up! AdvertisementFormer President Donald Trump said he will not consider running again in 2028 if he loses in November.

Persons: Donald Trump, Trump, —, Sharyl Attkisson Organizations: Service, Business

☆ See the moment a NASA astronaut and two cosmonauts return safely to Earth
▼ + stars: | 2024-09-23 | by ( Ellen Rittiner | ) edition.cnn.com time to read: 1 min

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☆ Video: See how this at-home nurse program is making a difference for new mothers
▼ + stars: | 2024-09-23 | by ( Channon Hodge | ) edition.cnn.com time to read: 1 min

Four top staff members of Mark Robinson's campaign for North Carolina governor have stepped down, the campaign announced Sunday as the candidate faces calls from Republicans to do the same. The campaign said the staff members who stepped down are Chris Rodriguez, campaign manager; Heather Whillier, finance director; Jason Rizk, deputy campaign manager; and Conrad Pogorzelski III, general consultant and senior adviser. Some Republican lawmakers have expressed concern over the allegations, but the North Carolina Republican Party emphasized in a statement shortly after the story was published that Robinson "has categorically denied the allegations." Democrats have sought to link Robinson to former President Donald Trump, releasing new advertisements highlighting Trump's previous praise for Robinson, who is North Carolina's lieutenant governor. Democrats see North Carolina as a state that can possibly be flipped in the presidential race.

Persons: Mark Robinson's, Robinson, Chris Rodriguez, Heather Whillier, Jason Rizk, Conrad Pogorzelski III, Donald Trump, Trump, Sen, JD Vance Organizations: CNN, Republican, North Carolina Republican Party, Democrats, Trump Locations: North Carolina, Ohio

Former President Donald Trump said he doesn’t believe he would run for office again in four years if he loses the November election. “I think that hopefully we’re going to be successful,” Trump added in the interview, which aired Sunday. The Trump campaign did not immediately respond to a request for comment. And she will be, she will be terrific.”Trump noted that Musk endorsed him “very powerfully” and agreed that the tech billionaire could help with “government waste” when Attkisson suggested the possibility. But he’s indicating he might be willing to,” Trump said.

Persons: Donald Trump, doesn’t, “, ” Trump, Sharyl Attkisson, Trump, Tulsi Gabbard, Elon Musk, Robert F, Kennedy Jr, Kennedy, “ It’s, Gabbard, I’ve, ”, Musk, Attkisson, He’s, Shawn Ryan Organizations: Human Services, Democratic Locations: Hawaii

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