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☆ Oppenheimer's top stock ideas heading into October
▼ + stars: | 2024-09-26 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

This comes after all three major averages recovered from the Aug. 5 global sell-off to close out last month higher. DKNG YTD mountain DKNG, year-to-date Biotechnology stock Viking Therapeutics also made the list. The stock has already surged more than 239% this year as its experimental obesity treatment advances through clinical trials. Telecommunications stock AT & T was another best idea, with its target of $23 implying more than 6% upside. Other names that made the list include Cigna , whose target implies more than 14% upside, and chip giant Broadcom .

Persons: Oppenheimer, Goldman Sachs, Jed Kelly, DKNG, Jay Olson, NASH, Timothy Horan, Horan isn't Organizations: Nasdaq, Dow Jones, Biotechnology, Viking Therapeutics, Telecommunications, AT, JPMorgan, Broadcom

☆ The Fed slashed interest rates last week, but Treasury yields are rising. What's going on?
▼ + stars: | 2024-09-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The Treasury market, though, hasn't been paying attention. Watching the curveThe difference between the 10- and 2-year notes has widened significantly, increasing by about 12 basis points since the Fed meeting. That sentiment is evident in the "breakeven" inflation rate, or the difference between standard Treasury and Treasury Inflation Protected Securities yields. The 5-year breakeven rate, for instance, has risen 8 basis points since the Fed meeting and is up 20 basis points since Sept. 11. watch nowFed officials aim for a 2% inflation rate, and none of the principal gauges are there yet.

Persons: Anna Moneymaker, hasn't, Jonathan Duensing, — haven't, Robert Tipp Organizations: Federal Reserve, Getty, Treasury, Amundi, Fed, CME, Treasury Inflation Locations: Washington , DC

☆ Grubhub-owner Just Eat Takeaway to deliver sex toys in partnership with adult retailer Lovehoney
▼ + stars: | 2024-09-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Grubhub-owner Just Eat Takeaway.com said Thursday it had partnered with sex toy retailer Lovehoney Group, in an unexpected expansion into the so-called sexual wellness sector. Shares of Just Eat Takeaway.com climbed 2% Thursday, above the pan-European Stoxx 600 index's 1% gains. The firm's shares are down around 1% over the last 6 months amid a broader decline in food delivery stocks. This is the first big-name partnership of a takeaway delivery company with a sex-toy retailer, however. Just Eat bought Grubhub in June 2020, expanding the company's company's from Europe across the United States and Canada.

Persons: Takeaway.com, Guido Fambach, Honey Organizations: Lovehoney Locations: Fleet, England, Denmark, Austria, Europe, United States, Canada

☆ Treasury yields hold steady as investors look to economic data, Fed speaker comments
▼ + stars: | 2024-09-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 3.7791%. The 2-year Treasury yield was last at 3.5653% after rising by over one basis point. U.S. Treasury yields were little changed on Thursday as investors looked to fresh economic data and remarks from Federal Reserve officials. Economists polled by Dow Jones are expecting weekly initial jobless claims to come in at 223,000 for the most recent period. Elsewhere, the Swiss National Bank on Thursday cut its key interest rate by a quarter point, marking the third reduction this year.

Persons: Dow Jones, Jerome Powell Organizations: Treasury, Federal Reserve, Swiss National Bank Locations: U.S

☆ Social Security’s death benefit has been $255 since 1954. Some senators want to change that
▼ + stars: | 2024-09-26 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

When a Social Security beneficiary dies, their loved ones may qualify for a one-time $255 lump-sum death payment. Yet that amount has not changed in 70 years — since 1954 — while inflation has pushed the costs for funerals higher. On Wednesday, Sen. Peter Welch, D-Vt., introduced a new bill, the Social Security Survivor Benefits Equity Act, to raise the lump-sum death benefit to $2,900 to reflect today's cost of living. Under the terms of the bill, the higher $2,900 death benefit would go into effect in 2025. The proposal has been endorsed by advocacy organizations Social Security Works and the Strengthen Social Security Coalition.

Persons: Sen, Peter Welch, Bernie Sanders, Elizabeth Warren, Welch, haven't Organizations: Social, Social Security Survivor, Equity, Finance, Social Security, National, Consumer, Urban, Clerical Workers, Social Security Coalition Locations: Sens

☆ CNBC Daily Open: Time to look at AI-adjacent plays
▼ + stars: | 2024-09-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 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. The Stoxx Europe 600 Bank Index fell 0.73% as investors monitored UniCredit's potential merger with Commerzbank . Done selling NvidiaNvidia CEO Jensen Huang is done selling the company's stock for now. In March, Huang set out a plan to sell up to six million Nvidia shares by first quarter of 2025.

Persons: Jensen Huang, Huang, Meta Organizations: CNBC, Dow Jones, Nasdaq, Commerzbank, Google, Microsoft Google, European Commission, European Union, Microsoft, Nvidia, Bain & Company, Labs, Hewlett Packard Enterprise Locations: Europe

☆ Here's why Wells Fargo is our top performer Thursday — plus, 3 things we want from Costco's earnings
▼ + stars: | 2024-09-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Chipping away: Shares of Wells Fargo popped around 5% on signs of progress in its multiyear journey to clean up its operations and have its Federal Reserve-mandated asset cap removed. In addition, this news pushes back on the idea that Wells Fargo recently suffered a regulatory setback. 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, Wells, Wells Fargo, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Micron, Street, Department of Justice, AMD, Starbucks, Chipping, Reserve, Bloomberg News, Fed, Bloomberg, Currency, Club, Costco, Jim Cramer's Charitable Locations: China, Wells

☆ US home prices hit yet another record high
▼ + stars: | 2024-09-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

US home prices hit another record in July, according to the S&P CoreLogic Case-Shiller index. Prices rose 5% nationwide, a slowdown from prior months. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . New data from Case-Shiller showed home prices rose 5% in July from a year before, marking another record high.

Persons: —, Brian D, Luke Organizations: Service, Business

☆ S&P 500's record run is in jeopardy — plus, what Micron could signal about chip demand
▼ + stars: | 2024-09-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The S & P 500 has slipped into the red since the Morning Meeting. By the way, since the Sept. 6 close, the S & P 500 jumped nearly 6%, closing at a record 5,732 on Tuesday. 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, Salesforce, Meta, Dana her, it's, oversold, Mark Zuckerberg, Zuckerberg, Thursday's, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Nvidia, Meta, Microsoft, West Texas, Apple, Micron, Jefferies, Accenture, CarMax, Costco, Jim Cramer's Charitable Locations: China, Menlo Park , California

☆ Residents of Wyoming have the most positive outlook on life, new survey shows—Hawaii didn't make the top 5
▼ + stars: | 2024-09-25 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

Hawaii may be the happiest state in America, but according to a recently conducted study, the residents of Wyoming have the most positive outlook on life. The company polled 5,000 U.S. adults, including 100 participants from each state. The survey was also done in partnership with Dr. Deepika Chopra, a behavioral scientist who is commonly referred to as "The Optimism Doctor." "Scores were averaged together to provide a score of that state's optimism," according to the press release. Hawaii didn't make the top five on the list, despite being known for its stellar weather and happy residents.

Persons: Dr, Deepika Chopra Organizations: Wakefield Research Locations: Hawaii, America, Wyoming

☆ Australian, New Zealand dollars scale new highs on China boost
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +3 min

An Australian one-hundred dollar banknote, top, and a New Zealand one-hundred dollar banknote are arranged for a photograph in Hong Kong, China, on Thursday, March 13, 2014. The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two years against a weaker dollar, as China's aggressive stimulus package provided the latest shot in the arm for risk appetite. Data on Tuesday showed U.S. consumer confidence unexpectedly fell in September, amid mounting worries over the health of the labor market. Against a basket of currencies, the dollar last stood at 100.28, languishing near a more than one-year low of 100.21. The dollar index had fallen more than 0.5% in the previous session, its largest one-day percentage fall in a month.

Persons: Sterling, Carol Kong, Wells Organizations: New, Bank of, Federal Reserve, Commonwealth Bank of Australia, greenback, Markets Locations: Australian, New Zealand, Hong Kong, China, Bank of England, U.S, Wells Fargo

☆ Beijing is no longer hiding its panic about the state of its economy
▼ + stars: | 2024-09-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The measures were significant because Beijing has been holding back on a "bazooka" stimulus even though China's economy has been struggling to stage a convincing recovery post-pandemic. To be sure, this is not the first attempt China has made at boosting its economy in the past few years. However, Beijing's display of resolve also triggered market speculation that it's alarmed and panicked over the state of its economy, which is facing multiple challenges. Related storiesNotably, even on the heels of China's big stimulus announcement, most analysts also think Beijing still needs to do more to boost China's economy, particularly in boosting gloomy domestic demand. "Onshore stocks are a policy- and momentum-driven market, and policy signals don't get much clearer than this," they wrote.

Persons: —, Pan Gongsheng, Andrew Rocco, Rocco didn't, Pan, Freya Beamish, Rory Green, Anthony Sassine, Sassine, Rocco, macroeconomy, China's CSI300 Organizations: Service, People's Bank of China, Business, Lombard, Investors, Zacks Investment Research, Global Data.TS, Yahoo Finance, Data.TS Locations: China, Beijing, Swiss, London

☆ Asia-Pacific markets open higher; Hong Kong's Hang Seng poised to rise 4%
▼ + stars: | 2024-09-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A General view showing the Hong Kong Skyline in Hong Kong, Saturday, May 22, 2021. (Photo by Vernon Yuen/NurPhoto via Getty Images)Asia-Pacific markets open higher on Wednesday, while futures for Hong Kong's Hang Seng Index suggested a 4% rise for the index when trading starts. HSI futures were at 19,763, compared to the index's last close of 19,000. Chinese markets rallied yesterday after the country's central bank announced a slate of economic support measures, with the HSI seeing its best day in seven months, while mainland China's CSI 300 recorded its largest one-day gain in over four years. Investors will be watching Australia's inflation numbers on Wednesday, with the consumer price index expected to post a 2.7% rise year on year, according to economists polled by Reuters.

Persons: Vernon Yuen Organizations: Hong Kong Skyline, Getty Images, CSI, Reuters Locations: Hong Kong, Asia, Pacific

☆ SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits
▼ + stars: | 2024-09-25 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +2 min

The Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients' predesignated investment limits over a two-year period. The SEC said Merrill connected its clients to Harvest while it knew that investors' accounts were exceeding the set exposure levels under Harvest's management. Both Merrill and Harvest received larger management fees while investors were exposed to greater financial risks, the SEC said. Both companies were found to neglect policies and procedures that could have been adopted to alert investors of exposure exceeding the designated limits. "Today's action holds Merrill and Harvest accountable for dropping the ball in executing these basic duties to their clients, even as their clients' financial exposure grew well beyond predetermined limits."

Persons: Merrill Lynch, Merrill, Harvest, Mark Cave Organizations: The Securities, Exchange Commission, Bank of America, SEC Locations: New York

☆ CNBC Daily Open: Some caution might be good for markets
▼ + stars: | 2024-09-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 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. While analysts think this move may mark the end of China's deflationary streak, many think monetary policy is not enough. How much will oil demand grow? The International Energy Agency thinks oil demand will level off at 106 million barrels per day by the end of the decade.

Persons: Larry Hu, Consumer's, September's, Dow Organizations: CNBC, Dow Jones, U.S ., People's Bank of China, Macquarie, International Energy Agency, U.S, U.S . Federal, Barclays, Citi Locations: Corte Madera, Corte Madera , California, Asia, Pacific, China, U.S .

☆ European markets sober up after getting a Chinese stimulus boost
▼ + stars: | 2024-09-25 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

A balcony above a trading floor inside the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. LONDON — European stocks are expected to open in negative territory Wednesday, paring gains from the previous session on the back of Chinese stimulus measures. The U.K.'s FTSE index is expected to open 46 points lower at 8,237, Germany's DAX down 49 points at 18,924, France's CAC 40 down 27 points at 7,568 and Italy's FTSE MIB down 181 points at 33,686, according to data from IG. European stocks traded higher Tuesday, buoyed by China's central bank monetary stimulus measures with mining, technology and household goods the best-performing sectors. Positive sentiment in Europe comes after Asia-Pacific markets climbed Tuesday after Beijing's announcement of a range of policy easing measures aimed at stimulating the economy.

Persons: Germany's DAX Organizations: LONDON, CAC, IG Locations: Paris, France, Europe, Asia, Pacific

☆ Benard Arnault added $6 billion to his net worth in a day after China's stimulus sparked a rally in luxury stocks
▼ + stars: | 2024-09-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

China's new stimulus measures helped boost Bernard Arnault's net worth by $6.2 billion in a day. LVMH shares surged 4% on the news. Bernard Arnault, the chairman of LVMH, saw his net worth soar $6.2 billion on Tuesday, according to data from Bloomberg, as shares of the luxury goods maker surged 4%. At one point in March, Arnault was the richest person in the world, but since the start of the year, he slipped in the net worth rankings as LVMH stock struggled and a huge mega-cap tech rally boosted the net worth of tech CEOs. AdvertisementArnault's net worth now stands at $183 billion, just ahead of Oracle cofounder Larry Ellison's $179 billion and behind the $200+ billion fortunes of Mark Zuckerberg, Jeff Bezos, and Elon Musk.

Persons: Bernard Arnault's, —, Bernard Arnault, Arnault, Louis Vuitton, LVMH, Pan Gongsheng, Larry Ellison's, Mark Zuckerberg, Jeff Bezos, Elon Musk Organizations: Consumers, Service, Bloomberg, Dior, Tiffany, TAG Heuer, People's Bank of China, Oracle Locations: China

☆ Pro Talks: After the Fed cuts rates, one fund manager reveals where to invest right now
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +1 min

Investors should stay away from overvalued U.S. stocks in 2025, fund manager Sean Peche has cautioned. The value investor at Ranmore Fund Management told CNBC's Silvia Amaro on CNBC Pro Talks about where he sees undervalued stocks and opportunities, especially now the U.S. Federal Reserve has cut interest rates. Pesh highlighted his fund's holdings, including Carrefour , Petrobras , Alibaba , and Baidu as value plays. Peche, who set up Ranmore Fund Management in 2008, also shared some of the worst trades of the year, as well as his most successful yet. Since inception, the fund has gained 10.9% on an annualized basis, slightly more than the 10.6% posted by its MSCI benchmark.

Persons: Sean Peche, CNBC's Silvia Amaro, Pesh Organizations: Ranmore Fund Management, CNBC Pro, U.S . Federal, Carrefour, Petrobras, Alibaba, Baidu, Ranmore, Equity, ABN Amro, Ranmore Global Equity Fund Locations: overvalued U.S, Hong Kong, United States, Carrefour, China

☆ About 45% of Americans will run out of money in retirement, including those who invested and diversified. Here are the 4 biggest mistakes being made.
▼ + stars: | 2024-09-25 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. According to a simulated model that factors in things like changes in health, nursing home costs, and demographics, about 45% of Americans who leave the workforce at 65 are likely to run out of money during retirement. When you have more leisure time on your hands, more money goes toward entertainment and travel, especially in the first few years of retirement. The outcome is a higher withdrawal rate, which can push you into a higher tax bracket, he noted. "People don't take into account how expensive things get over time, not realizing that they can live another 40 years in retirement.

Persons: —, Spencer Look, they're, JoePat Roop, Roop, Bob, would've, it'll, Gil Baumgarten, Baumgarten, it's Organizations: Service, Morningstar's Center for Retirement, Business, Belmont Capital Advisors, IRA, IRS, Wealth Management Locations: breakeven

☆ Goldman names its top global battery stocks — giving 2 over 50% upside
▼ + stars: | 2024-09-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

CATL Goldman is buy-rated on Chinese battery maker Contemporary Amperex Technology Co, or CATL. The company — which has a global market share of 40% — "is the largest and most innovative battery maker globally," the bank's analysts wrote. Goldman has a price target of 307 Chinese yuan ($43.65) on the stock, giving it potential upside of around 55%. Gotion Another Shenzhen-listed Chinese stock Goldman likes is Gotion High Tech . Goldman has a buy rating on Gotion at a price target of 31.40 Chinese yuan, giving it potential upside of around 66.4%.

Persons: Goldman Sachs, — CATL, CATL Goldman, CATL, Goldman, — CNBC's Michael Bloom Organizations: LG Energy, Panasonic, Samsung SDI, Amperex Technology Co, Shenzhen Stock Exchange, Battery Technology, China Clean Technology, High Tech Locations: China, Gotion, Shenzhen

☆ Korea's Value-Up program will be a 'slow grind' and needs support from domestic investors: HSBC
▼ + stars: | 2024-09-25 | 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 EmailKorea's Value-Up program will be a 'slow grind' and needs support from domestic investors: HSBCHerald van der Linde of HSBC says that the Korea Value-Up program and index are positive developments for investors, but while increasing dividend payments and share buybacks is easy, it will take a long time for companies' capital allocation efficiency to improve.

Persons: der Organizations: HSBC Herald, der Linde, HSBC Locations: Korea

☆ Gold’s hitting new records again. Here’s what it means for the economy
▼ + stars: | 2024-09-25 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

Gold, traditionally perceived as a haven, has climbed roughly 30% this year, outperforming the benchmark S&P 500 index’s 20% gain. Fresh consumer confidence data on Tuesday indicated that Americans are feeling pessimistic about the US economy and future of the job market. JPMorgan Chase researchers said in a note on Monday that they expect the yellow metal to continue running toward their 2025 target price of $2,850 an ounce as the Fed brings down rates. Silver, another precious metal that tends to move in tandem with gold, has jumped roughly 34% this year, outperforming the yellow metal. New moves from China to revive its economy also has the potential to lift precious metals, said Rhind.

Persons: Jerome Powell, ”, Kristina Hooper, JPMorgan Chase, “ There’s, Will Rhind, Rhind Organizations: New, New York CNN, Federal Reserve, Traders, JPMorgan, Treasury, GraniteShares, Citi Locations: New York, China, Turkey, India, China’s

☆ 'Don't fight the Fed': Barclays and Citi turn bullish on these stocks after rate cut
▼ + stars: | 2024-09-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The move prompted Wall Street giants Barclays and Citi to adopt a more optimistic stance on global cyclical stocks. Barclays believes the Federal Reserve's actions are "clearly designed to pull out all the stops to achieve a soft landing" for the economy. Barclays strategists noted that "cyclicals typically rebounded steadily after the Fed started its rate cut cycle ... as long as it was not followed by a recession." Citi strategists share a similar outlook for European stocks. "The scale of the downgrades has become so extreme of late that we're now approaching a point where negative ERI may be a useful contrarian indicator," the Citi strategists said.

Persons: Emmanuel Cau, Beata Manthey, we're, Safran, Atlas, — CNBC's Michael Bloom Organizations: Federal Reserve, Wall Street, Barclays, Citi, Fed, Siemens, BBVA, ING, Holcim, ASM Locations: United States

☆ Dow futures are little changed after index breaks four-day winning run: Live updates
▼ + stars: | 2024-09-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Futures tied to the Dow Jones Industrial Average were little changed on Wednesday night after the index broke a four-day win streak. Dow futures slipped 16 points, or 0.04%. S&P 500 futures rose 0.1%. The semiconductor manufacturer was trading 14% higher in Wednesday's extended trading session after issuing strong guidance for the current quarter. In regular trading, both the S&P 500 and the Dow retreated from their records to close lower.

Persons: Dow, Tom Lee, Dow Jones, Jerome Powell, John Williams Organizations: New York Stock Exchange, Futures, Dow Jones, Dow, Nasdaq, Micron Technology, Lam Research, Fundstrat Global Advisors, Federal Reserve, New York Fed, CarMax, Accenture, Costco Wholesale

☆ 3 Waltons Are Worth at Least $100B Each, Jointly Richer Than Elon Musk
▼ + stars: | 2024-09-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Three Walmart heirs have net worths of at least $100 billion, per Bloomberg. Jim Walton is worth $103 billion, while Robson and Alice are worth $101 billion and $100 billion each. The trio's combined net worth has reached $304 billion, dwarfing Elon Musk's $268 billion fortune. AdvertisementThree Walmart heirs are now worth at least $100 billion each — and together they're richer than the world's wealthiest person, Elon Musk. The three surviving children of the late Sam Walton — Jim, Robson, and Alice — are now worth $103 billion, $101 billion, and $100 billion respectively, per the Bloomberg Billionaires Index.

Persons: Jim Walton, Robson, Alice, dwarfing Elon Musk's, —, Elon Musk, Sam Walton — Jim, Alice — Organizations: Walmart, Bloomberg, Service, Business

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