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Republican vice presidential nominee Ohio Sen. JD Vance on Thursday took a shot at Apple on CNBC's "Squawk Box," stating he thinks the company benefits from "slave labor" in China. "Do I think Apple is an evil company? Do I think that sometimes they benefit from Chinese slave labor? "I think that a company that wants to benefit from American markets should also have to pay American workers a fair wage." Apple has previously stated that it has found no evidence of forced labor anywhere it operates.
Persons: Ohio Sen, JD Vance, Vance, Apple, Donald Trump, Lina Organizations: Ohio, Apple, Congressional, Commission, . Customs, U.S, Federal Trade Commission, Facebook, Meta, Google Locations: China, Vietnam, India, iPhones, New York City
Russia's energy revenue could take another hit if Ukraine doesn't renew a key gas deal by the end of the year. AdvertisementRussia could end up losing billions if Ukraine turns its back on a deal to keep gas flowing from the country. Ukraine's state-run energy giant, Naftogaz, is up to renew its gas pipeline deal with Russia's Gazprom by the end of the year. Ending the pipeline deal would be a blow to Russia's gas trade, which is a key lifeline for the economy as it navigates a third year of war in Ukraine. Recently, Russia established a gas pipeline deal with China, which has become one of its largest trading partners.
Persons: Ukraine doesn't, Organizations: Moscow, Service, Gazprom, Bloomberg, Ukraine, Yale Locations: Ukraine, Europe, Russia, Ukraine's, Moscow, China
Bernstein tech analyst calls Oracle his top investment idea
  + stars: | 2024-09-12 | by ( Sean Conlon | ) www.cnbc.com   time to read: +2 min
Seeing more upside ahead, Bernstein has named Oracle a "top investment idea" for investors seeking to play the cloud trade. On Tuesday, Oracle jumped more than 11% following better-than-expected first-quarter earnings , putting its shares at a 49% gain year-to-date. ORCL YTD mountain Oracle, year-to-date In a Thursday note, analyst Mark Moerdler cited Oracle's customer mix and the quality of its workloads – both of which offer downside protection – as key to the call. "We have watched as Microsoft has quietly become the largest security software/Cloud provider, and now we are seeing some fascinating security capabilities/offerings from Oracle," he said. "Watch out security vendors, Oracle is coming."
Persons: Bernstein, Mark Moerdler, Moerdler Organizations: Oracle, Microsoft
Adam Neumann's climate tech startup is quietly refunding investors, Forbes reported. Flowcarbon has reportedly been refunding its Goddess Nature Token after failing to launch it. Flowcarbon, which aimed to enable companies to purchase carbon credits with cryptocurrency, has reportedly been issuing refunds for its Goddess Nature Token after failing to launch for years. Founded in 2021, Flowcarbon claimed that tokenizing carbon credits would make them easier to trade and help projects access funding more easily. The company said its Goddess Nature Token would shed light on the "opaque and fractured market infrastructure" for carbon credits — but the tokens have yet to emerge.
Persons: Adam, Forbes, Flowcarbon, cryptocurrency Organizations: Service, Business
It's been a topsy-turvy stock market since the Club's August Monthly Meeting. These were two of our top performers since the August Monthly Meeting. The stock closed nearly 5% higher on the eve of the September Monthly Meeting. The S & P 500's health care sector is up 2.2% since the August Monthly Meeting, slightly outperforming the broad index's 1.8% rise in that timeframe. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: It's, We've, Eli Lilly, Estee Lauder, Jerome Powell, it's, DA Davidson, Goldman Sachs, Goldman, Andy Jassy's, TJX, Jensen Huang, Abbott, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones Industrial, Nasdaq, Investor, Federal, Procter, Gamble, Dover, Abbott Laboratories, TJX, Amazon, Micro Devices, Jackson, Bank of America, Telsey Advisory Group, JPMorgan, Oracle, Devices, AMD, Nvidia, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: seesaw, Wednesday's, U.S
Shares of Trump Media continued to sink on Thursday, closing at a fresh low, following Tuesday's presidential debate between its majority shareholder, former President Donald Trump and Democratic Vice President Kamala Harris. Shares of the Truth Social owner, which trade under the ticker "DJT," are down nearly 14% since the debate Tuesday night in Philadelphia, hosted by ABC News. But the slide in Trump Media shares — which often rise and fall in line with Trump's political fortunes — suggests that investors may not be convinced that Trump won the debate. In a Thursday afternoon post on Truth Social, the Republican nominee announced he would not be doing another debate. Shares of Trump Media are down about 60% since their most recent surge in July, after failed assassination attempt on Trump.
Persons: Donald Trump, Kamala Harris, Harris, Trump, , Thursday's Organizations: Trump Media, Democratic, Nasdaq, ABC News, Democrat, Republican, Trump Locations: Philadelphia, Tuesday's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Bill Baruch buys more Meta, Microsoft and BroadcomBill Baruch, founder & president at Blue Line Capital, joins CNBC’s “Halftime Report” to explain why he's buying more tech names.
Persons: Bill Baruch, Broadcom Bill Baruch Organizations: Meta, Microsoft, Broadcom, Blue Line
None other than the legendary Larry Ellison, founder of the enterprise software company that is Oracle , said it on Monday. That investment by Google and that lack of investment by Microsoft may be two sides of one of the most pivotal decisions in history. 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. Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017.
Persons: Larry Ellison, Ellison, Eaton —, Microsoft's Bing, Bing, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Oracle, Club, Microsoft, Nvidia, Broadcom, Devices, Google, Justice Department, DOJ, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: San Francisco
We have an embarrassment of riches when we look at TJX Companies and Costco in terms of just flat-out value — and a dicey one, admittedly, in Best Buy , which I think has turned an important corner. Costco Research firm Redburn downgraded Costco this week, which made me want to downgrade Redburn. But Costco stock has never been cheap. It was just a one-off thing but I think that Best Buy has worked its way into the conversation after its last quarter. (Jim Cramer's Charitable Trust is long TJX, COST, BBY, AAPL.
Persons: Jeff Marks, Jim Cramer's, Jim Cramer, Jim Organizations: TJX Companies, Costco, TJX, Costco Research, Redburn, Club, Apple Intelligence, Apple, Federal Reserve, CNBC Locations: Maxx
Trade Tracker: Stephanie Link buys more Broadcom
  + stars: | 2024-09-12 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Stephanie Link buys more BroadcomStephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to explain why she's buying more Broadcom.
Persons: Stephanie Link, Broadcom Stephanie Link, Hightower Organizations: Broadcom
American lawmakers have passed a bipartisan bill that could eventually lead to the shuttering of Hong Kong's U.S.-based trade offices, drawing strong condemnation from the Chinese-ruled city and Beijing. The legislation, the Hong Kong Economic and Trade Office Certification (HKETO) Act, was passed by the U.S. House of Representatives with overwhelming support on Tuesday. If it passes the Senate and is signed into law, HKETO would require the U.S. secretary of state to annually review the "privileges, exemptions and immunities" granted to Hong Kong's Economic and Trade Offices. Beijing strongly condemned the act's passing on Wednesday, accusing the U.S. of politicizing normal economic cooperation and attempting to contain Hong Kong's development. The remarks echoed a statement from the Hong Kong government that decried the U.S. for twisting facts, violating international laws and norms, and grossly interfering in the affairs of Hong Kong.
Persons: HKETO Organizations: U.S, Capitol, Senate, House, Hong, Hong Kong Economic, Trade, U.S . House, Hong Kong's Economic Locations: Washington , DC, Hong Kong's U.S, Beijing, Hong Kong, U.S, China
After eight years of threatening to repeal the Affordable Care Act, more commonly known as Obamacare, former President Donald Trump still doesn’t have a comprehensive plan to replace it. People in the U.S. pay roughly twice as much for health care than any other nation on earth. But is it feasible to create a new health care law that reduces the escalating costs? “Right now, Obamacare is the status quo in health care,” said Larry Levitt, executive vice president of health policy at KFF, a nonprofit group that researches health policy issues. Harris has committed to extending the subsidies; Trump has remained silent.
Persons: Donald Trump, , John A . Graves, , Kamala Harris, Trump, ” Trump, , Larry Levitt, ” Levitt, Graves, Gerard Anderson, ” Graves, Jill Horwitz, David Sanders, “ We’ve, we’ve, ” Horwitz, Horwitz, Harris, Levitt, “ Trump, that’s Organizations: Trump, Vanderbilt University School of Medicine, U.S . Department of, Treasury, Congressional, “ Republicans, ACA, Republicans, Republican, Committee, House Republicans, Johns Hopkins University Bloomberg School of Public Health, Budget, Affordable, Law, Medicine, UCLA School of Law Locations: United States
Kristin Marino and Maya Peretz are two young women, bonded by a profound loss. At least once a year, she goes to the World Trade Center reflecting pools to pay tribute to her father. Peretz told Marino in the documentary that she “was sure he was coming back home,” referring to her father. But Marino didn’t expect there to be such an instant bond between them. “Honestly I didn’t really know.
Persons: Kristin Marino, Maya Peretz, Marino, — Kenneth Joseph Marino, , , , influencer, Peretz, wasn’t, they’ve, ” Marino, ” Peretz, Dan Luxemberg, Kristin, it’s Organizations: FDNY, Rescue Company, World Trade, NBC New, Nova Locations: NBC New York, Israel, ” Luxembourg
KINSALE, Ireland — Three days and 225 miles later, a group of almost 100 serving and retired firefighters from New York and Ireland will cycle into a garden of remembrance on Wednesday to honor those who were killed in the 9/11 terror attacks. Ambassador's Dublin residence on Monday, the hardy group made their way across Ireland’s lush, rolling hills peddling their way to 17 fire stations and a fair few pubs along the way. It's part of a bid to raise money for the victims and for those still suffering from injuries and the effects of their work at Ground Zero. “We lost 343 firefighters in an instant,” one of the cyclists, Michael Schreiber, told NBC News on Monday, adding that 370 had died since 9/11. “I lost so many friends that day, and I still continue to lose guys,” he said.
Persons: , Michael Schreiber, Schreiber, “ It’s, , Daniel Sheridan, Carlo Angerer, Danny Sheridan, Danny Manning, Manning, Mary Ellen, ” Manning, Al Qaeda Organizations: NBC, Uniformed Firefighters Association, Greater, , Battalion, New York Fire Department Battalion, The New York Fire Department, United Airlines Flight, Trade, American Airlines Locations: KINSALE, Ireland, New York, U.S, Ambassador's Dublin, Cork, Irish, Greater New York, New, Isle, The, York, Wicklow, Harlem
Here's what Harris and Trump got right and wrong on the debate stage in Philadelphia. Fact check: Trump calls Harris’ dad a Marxist“Her father’s a Marxist professor in economics, and he taught her well," Trump said. Fact check: Trump claims Harris ‘wants to confiscate your guns’“She wants to confiscate your guns,” Trump claimed. We’re not taking anybody’s guns away.”Fact check: Harris says Trump oversaw manufacturing job losses“Donald Trump said he was going to create manufacturing jobs. Fact check: Trump says he has ‘nothing to do with Project 2025’“I have nothing to do with Project 2025.
Persons: Kamala Harris, Donald Trump, Harris, Trump, Harris ’, That’s, Donald Harris ’, Karl Marx’s, Harris ‘, ” Trump, Tim Walz, We’re, that’s, Muir, I’ll, ” Harris, Biden, Putin, ” Trump hasn’t, , hasn’t, they’ve, Obamacare, , William Barr, They’ve, It’s, Harris “, We’ll, we’ll, “ Donald Trump, Let’s, he’s, Xi —, , you’re, don’t, “ It’s, they’re, isn’t, I’m, Karoline Leavitt, Sen, Marco Rubio, Frank McKenzie, Mark Milley, Ashraf Ghani, West Virginia —, Walz, Ralph Northam, Northam, Vance, hedged, John Kirby, we’ve, it’s Organizations: Trump, NBC News, Stanford University, Afghan, Pentagon, Washington Post, Post, United States, ISIS, Republicans, United, FBI, U.S, D.C, U.S . Energy Information Association, Ohio, Capitol, Taliban, National Security, Al, Republican, U.S . Central Command, Joint Chiefs, CNN, American Civil Liberties Union, Centers for Disease Control, Virginia Gov, NBC, White, Heritage Foundation, U.S . Customs, Protection, CBP, Office, American Progress Locations: U.S, Philadelphia, Afghanistan, Russia, Ukraine, Kyiv, Crimea, Moscow, Iraq, Syria, Iraq’s Anbar, Somalia, Africa, Red, United States, Georgia, Wisconsin, Georgia , Wisconsin, Pennsylvania, New York City, Aragua, Venezuelan, Washington, California , Maryland, Vermont, Andalia , Ohio, China, Mexico, Al Qaeda, Florida, Saigon, Doha, Kabul, airport’s, West Virginia, Virginia, Ohio, Springfield , Ohio
MEXICO CITY — Mexico’s Senate paused debate of a controversial judicial overhaul on Tuesday after protesters broke into the building, adding drama to already tense discussions of the reform, which critics fear could undermine the country’s rule of law. Lopez Obrador and President-elect Claudia Sheinbaum have vigorously defended the reform as essential for holding judges accountable and reducing corruption. As senators debated the reform, opposition lawmakers accused the ruling bloc of underhanded tactics to secure the necessary two-thirds majority. But speculation is mounting that opposition PAN Senator Miguel Angel Yunes has switched allegiance to the ruling bloc over the reform. While the Senate was in session, Yunes requested medical leave in a letter read by the secretary of the Senate’s board of directors.
Persons: Jose Gerardo Fernandez, , Andres Manuel Lopez Obrador, Lopez Obrador, Claudia Sheinbaum, Critics, Morena, Miguel Angel Yunes, Yunes Organizations: MEXICO CITY —, PAN, NBC Locations: MEXICO, United States, Canada
A 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kawasaki, Japan, on Monday, Aug. 19, 2024. The FTC was concerned that the companies' defense attorneys were advising them to get rid of documents linked to the potential merger ahead of antitrust investigations, Reuters reported. In June, the FTC and the Justice Department launched antitrust investigations into Microsoft, OpenAI and Nvidia. Other recent antitrust investigations include cases against Amazon and Google. Seven & i revealed that Couche-Tard had offered to acquire all outstanding shares of Seven & i for $14.86 per share.
Persons: Canada's Alimentation, Tard, Tokutaka Ito, O Shearman, Ito, — CNBC's Lim Hui Jie Organizations: Seven, Holdings Co, Holdings, U.S . Federal Trade Commission, Reuters, FTC, Justice Department, Microsoft, Nvidia, Amazon, Google, CNBC Locations: Kawasaki, Japan, Asia, .
The long and complex political legacy of 9/11
  + stars: | 2024-09-11 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +4 min
Trump and Harris — who had not met until Tuesday night at their fiery debate – even shook hands for the second time in less than 24 hours. 9/11 is now far enough in the past that it’s taking on a historic hue. The gathering of past, present and future US leaders Tuesday was a reminder of the still unfolding cascade of political consequences triggered by the attacks. And, underscoring the passage of time, some young voters born after 9/11 will this year vote in their second presidential election. But the world’s worst terror attack still has a powerful psychological and political half-life and is embedded deep in America’s soul, as we are reminded every September.
Persons: Joe Biden, Kamala Harris, Donald Trump, Harris —, Michael Bloomberg, JD Vance, George W, Bush, Trump, Harris, Barack Obama, Trump’s, Biden, there’d, Vance, Osama bin Laden Organizations: CNN, Trump, New, New York City, Republican, World Trade, Pentagon, al Locations: Manhattan, New York, al Qaeda, America, Trump, Afghanistan, Kabul, quagmires, Illinois, Iraq
Former US President and Republican presidential candidate Donald Trump speaks during a presidential debate with US Vice President and Democratic presidential candidate Kamala Harris at the National Constitution Center in Philadelphia, Pennsylvania, on September 10, 2024. Donald Trump and Kamala Harris clashed on China policy during the presidential debate hosted by ABC News on Tuesday night stateside. Trump defended his recent vows to increase trade duties, including blanket tariffs of 10% to 20% and additional tariffs of 60% to 100% on China. He also pointed out that the Biden-Harris administration maintained most of the Trump administration's tariffs on China. They can't, it would totally destroy everything that they've set out to do," he said.
Persons: Donald Trump, Kamala Harris, Trump, Harris Organizations: Republican, Democratic, National Constitution Center, ABC News, Biden, Trump Locations: Philadelphia , Pennsylvania, China
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, Jensen Huang, Goldman Sachs, Vimal Kapur, Morgan, Kapur, We've, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Club, Nvidia, Broadcom, Nvidia's, Technology Conference, Honeywell, Laguna Conference, Signet Jewelers, Jim Cramer's Charitable Locations: Kroger
Price action in the stock market suggests markets think Kamala Harris won Tuesday's debate. Investors reacted by selling assets tied to the "Trump trade," with declines in Trump Media stock and bitcoin. AdvertisementThe first Presidential debate between Kamala Harris and Donald Trump is over and markets have named the winner. Following Tuesday night's debate, markets are showing signs that Vice President Harris came out on top, with investors voting with their portfolios and selling assets tied to the so-called Trump trade. On the flipside, assets that could see a boost from a Kamala Harris presidency were up Wednesday.
Persons: Price, Kamala Harris, Trump, Harris, , Donald Trump, Matthew Ryan, Ebury, it's Organizations: Trump Media, Service, Trump, Technology Group, Truth, cryptocurrency, ING, ING Economics
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. and Europe trade tensions with China are here to stay no matter who wins the U.S. election: UBPCarlos Casanova, senior economist for Asia at the private bank, discusses the "shifting landscape" in trade.
Persons: UBP Carlos Casanova Organizations: U.S Locations: Europe, China, Asia
Alliance Bernstein is behind the AB US Low Volatility Equity ETF. For comparison, FactSet lists the top holdings for Invesco's Low Volatility ETF as stocks that are traditionally more stable: Berkshire-Hathaway , Coca-Cola and Visa . Archard notes there's still a place for historically less volatile stocks such as consumer staples and financials . For example, FactSet shows that Alliance Bernstein's low-volatility ETF also includes exposure in names including Procter & Gamble and Fiserv . The AB US Low Volatility ETF is up 16% so far this year as of Wednesday's close.
Persons: Bernstein, FactSet, Noel Archard, CNBC's, there's Organizations: Big Tech, Microsoft, Apple, Hathaway, Cola, Visa, Procter & Gamble Locations: Berkshire
Australian property listing firm REA Group said on Wednesday that Britain's largest real estate portal Rightmove had rejected its 5.6 billion pounds ($7.32 billion) cash-and-stock takeover offer. REA shares dropped 1.25% in early trade on Wednesday. The offer consisted of 305 pence in cash and 0.0381 new REA shares and was non-binding and subject to due diligence. REA said had a deal been completed, Rightmove shareholders would have owned about 18.6% of the combined group. The cash component of the deal was due to be funded by debt and existing cash, REA said.
Persons: REA, Rightmove, Entcho Raykovski, Raykovski Organizations: Rupert Murdoch's News Corp, Reuters, Jefferies, Australian, REA Locations: London
Final Trades: Trade Desk, Broadcom, Applovin and Goldman Sachs
  + stars: | 2024-09-11 | 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 EmailFinal Trades: Trade Desk, Broadcom, Applovin and Goldman SachsThe Investment Committee give you their top stocks to watch for the second half.
Persons: Goldman Sachs Organizations: Broadcom, Applovin, Investment
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