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☆ Some smaller stocks could see big gains as the Fed cuts rates. Here are a few
▼ + stars: | 2024-09-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Stocks with smaller market capitalizations are set to reap the benefits from the start of the Federal Reserve's latest rate-cutting campaign. Sarepta's total debt is more than one-and-a-half times bigger than its total equity. Civitas' total debt recently stood at about 79% of total equity. Chart's total debt currently eclipses its total equity by 1.4 times. "GTLS's core portfolio is comprised of natural gas, energy transition and renewables applications, where our outlook remains constructive," wrote analyst Devin McDermott.

Persons: Russell, Gavin Clark, Gartner, Clark, Zach Parham, Parham, Morgan Stanley, Devin McDermott Organizations: Dow Jones Industrial, Nasdaq, CNBC, Sarepta Therapeutics, ISI, Civitas Resources, Wednesday, JPMorgan, Civitas, Industries Locations: U.S, Cambridge, Sarepta, Friday's

☆ Three stocks are getting dropped from the S&P 500. This ETF sees them as rebound candidates
▼ + stars: | 2024-09-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

"That's what gets them to a market cap big enough to be of interest. The resulting portfolio is effectively a small cap value fund with upside. Illiquid deletions "Deletions tend to be thinly traded, small cap, illiquid. To be sure, the strategy doesn't work for every stock that falls out of a large cap index. That's roughly the picture we have for deletions," Arnott said.

Persons: Rob Arnott, Stocks, they've, Arnott, Russell, NIXT Organizations: Airlines, Rad Laboratories, Research, American Airlines, Architects

☆ Return-to-office mandates are helping drive up housing prices in these 10 cities
▼ + stars: | 2024-09-21 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

Read previewThe rise of remote work freed many Americans from the daily commute to an office, empowering them to live wherever they choose. According to Realtor.com, San Jose leads the nation, with homes selling 6.2% above their asking prices. As a result, the demand for housing, combined with a perpetual housing shortage, has made the real-estate market exceptionally competitive. AdvertisementReturn-to-office policies from various companies could make the San Jose market even hotter, a local real-estate broker said. "The real-estate market will probably heat up even more as people move from far areas to be closer to work," Orosco said.

Persons: —, It's, Hannah Jones, Realtor.com, Lex Orosco, Orosco Organizations: Service, Business, Federal Reserve, Realtor.com, California Bay Area, PayPal, eBay, Adobe, Google Locations: West Coast, Texas, Florida, California, San Jose, San Francisco, Silicon Valley, Bay

☆ A top-1% fund manager warns Warren Buffett is behaving like he did before the dot-com crash — and says the S&P 500 could see dismal returns for a decade
▼ + stars: | 2024-09-21 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He's also outperformed the S&P 500 over that time by returning 14% per year on average versus the index's 13.8% annualized gains. Between July and September 1999, Buffett shared his outlook for the market in a series of talks that were summarized by Fortune's Carol Loomis in November of that year. AdvertisementSince then, however, investors have enjoyed 15 years of ultra-low interest rates and growing corporate profits — a fact that has Smead worried. "The only problem is it's a curse on long-term S&P 500 performance," Smead said of the 15-year run. Related storiesBaked into Smead's outlook is an against-consensus view that inflation is set to surge again as the Fed cuts interest rates.

Persons: —, Bill Smead, Warren Buffett, Charlie Munger, Smead, Munger, He's, Buffett, Fortune's Carol Loomis Organizations: Service, Business, Morningstar, Apple, Bank of America

☆ Trump grapples with fallout from Mark Robinson’s latest scandal: From the Politics Desk
▼ + stars: | 2024-09-20 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

In today’s edition, we look at how Donald Trump is handling the political fallout from CNN's bombshell report on North Carolina gubernatorial candidate Mark Robinson. “North Carolina is a vital part of that plan. Additionally, Republican members of the North Carolina congressional delegation, including Sens. The political fallout from Robinson’s past comments could be particularly tough for Trump because of the importance of North Carolina as one of seven key swing states on the presidential map. The DNC launched digital ads and billboards featuring Trump heaping praise on Robinson, while a new Harris campaign ad links Trump to Robinson’s past anti-abortion comments.

Persons: Donald Trump, Mark Robinson, Kristen Welker, Trump, Matt Dixon, Katherine Doyle, Olympia Sonnier, Kristen Welker Donald Trump, Robinson, Martin Luther King, Trump’s, ” Trump, Karoline Leavitt, Biden, Harris, Ted Budd, Thom Tillis, Michael Whatley, Ben Kamisar, What’s, Joe Biden’s, Kamala Harris, I’m, they’ve, Bridget Bowman, Emma Barnett, Alex Tabet, Katherine Koretski, “, ”, Kenneth Hauck, Harris ’, Hauck, ” Norna, Read Organizations: NBC, White House, Capitol, North Carolina, NBC News, CNN, White, Trump, North, Republican National, DNC, “, Press Locations: “ North Carolina, North Carolina, Sens, Wilmington , North Carolina, Michigan , Pennsylvania, Wisconsin, San Diego, Florida

To help address some of these common skin care concerns, experts recommend swapping out your standard body lotion for a body lotion that’s specifically targeted for mature skin. I also included their recommendation for the best body lotions for mature skin along with highly rated options. SKIP AHEAD How I picked the best body lotions for mature skin | The best body lotions for mature skin | How to shop for body lotions for mature skin | Why trust NBC Select? The best body lotions for mature skin in 2024Best overall: EltaMD Skin Restore Body CreamWhen recommending lotions to her patients with mature skin, Garcia says she recommends this option from EltaMD because it improves dry skin, evens out skin tone and protects the skin barrier. How does a mature skin body lotion compare to a standard body lotion?

Persons: Annabelle Garcia, Garcia, lotions, Dr, Omer Ibrahim, shea, Augustinus Bader, Ibrahim, it’s, dermatologists, It’s, Josie Maran, Maran’s, They’re, Vitamin, they’re, Don’t, TikTok Organizations: NBC, Facebook, Twitter Locations: Chicago, shea

But many people are still wondering, what does a rate cut mean for my money? For those who’ve been waiting it out, the rate cut “will instill some hope in folks,” said Elizabeth Renter, senior economist at NerdWallet. Consider your (improved) debt repayment optionsThis week’s rate cut was good news for those struggling to unload themselves of credit card debt. They’re a popular savings instrument when interest rates are high, and as most economists expected, CD rates have already started declining since the Fed’s interest rate cut. “This rate cut is not something that should trigger you to go make any drastic changes to the overall direction of your portfolio,” he added.

Persons: Jerome Powell, ”, Elizabeth Renter, Michele Raneri, “, “ It’s, Rodney Lake, It’s, cardholders, Now’s, Lake, don’t, Freddie Mac, ” Renter, they’ve, Raneri, Lee Baker, there’s, Bankrate, Baker, it’s, —, “ Don’t Organizations: NerdWallet, TransUnion, Federal Trade Commission, GW Investment, George Washington University School of Business, Apex Financial Services, P Locations: U.S

Kenneth Hauck wasn’t sure how he would vote when the race between former President Donald Trump and Vice President Kamala Harris was just a hypothetical scenario. Now it’s a reality, and Hauck still isn’t sure whom he will support — but he’s leaning toward Harris. Of the 21 previously undecided voters who recently spoke with NBC News, the largest group included nine voters like Hauck who said that they are still undecided but that they are concerned about Trump and are leaning toward picking Harris. Four more are definitely supporting Harris, while one is backing Trump, and three are leaning toward him. The voters, who come from different backgrounds and corners of the country, are bound by skepticism about politics and politicians.

Persons: Kenneth Hauck wasn’t, Donald Trump, Kamala Harris, Harris, “, ”, Hauck, Harris ’, Trump, I’m, Norna, Robert Marinoff, ” Marinoff, Lorenzo Alderiso, ” Alderiso, Alderiso, Elizabeth Solivan, ” Solivan, Joel B, ” Joel, Joe Biden, Julius, President Trump, ” Jenica, she’s, Christopher Richey, Richey, ” Ryan, Ryan, Biden, ” Maria Li Organizations: NBC, Trump, Democratic, NBC News, New, Heritage, ”, Democrat Locations: San Diego, Florida, Queens , New York, Bethlehem , New York, Springfield , Ohio, New Mexico, Ohio, Alabama, North Carolina, Texas, Romanian, Maryland, Philadelphia

“If we’re going to put up affordable housing, we don’t just want to house one family. We want to house five or six or eight or 25 families,” said Minneapolis Mayor Jacob Frey, who has overseen the Minneapolis 2040 plan. Trump campaign national press secretary Karoline Leavitt blamed the higher housing costs on the current administration’s policies, as well as an “unsustainable invasion of illegal aliens.” The campaign broadly said Trump’s housing plan involves freeing up federal land for housing and cutting regulations. Walz, whom Frey said was “committed to the mission” on affordable housing, signed the measure into law in May. We also need to have more active state, local and federal government policies that look to support the housing market.”

Persons: ”, Minneapolis Mayor Jacob Frey, Ben Brewer, Donald Trump, Kamala Harris, Harris, Tim Walz, Karoline Leavitt, It’s, Frey, Hennepin, Ryan Allen, “, ” Allen, Cody Fischer, ” Fischer, ” Jeremy Wieland, Wieland, didn’t, it’s, ” Wieland, Fischer, ’, Walz, University of Minnesota’s Allen, that’s Organizations: National Association of Realtors, Minneapolis Mayor, Currie, Bloomberg, Getty, Minnesota Gov, Trump, Pew Research, NBC, Ford Motor Co, Minn, University of Minnesota, Minneapolis, California Bay Area, Minnesota Environmental, Minnesota Supreme, University of Minnesota’s Locations: MINNEAPOLIS, United States, Minnesota, Minneapolis, U.S, Harrison, Hennepin County, St, Paul, California Bay, San Francisco, Oakland, ”, Northeast Minneapolis, “

☆ Maine Democrats have likely run out of time to change Electoral College laws if Nebraska GOP acts
▼ + stars: | 2024-09-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +6 min

LINCOLNVILLE, Maine — As Republicans in Nebraska consider changing state law to give Donald Trump an extra Electoral College vote this fall, their Democratic counterparts in Maine have little recourse to even the score. In 2020, Trump won one electoral vote from Maine’s rural 2nd Congressional District and is heavily favored to do so again, while Joe Biden won one from Nebraska’s Omaha-based 2nd Congressional District. And Maine GOP leaders have already signaled they have no interest in helping Democrats do away with their unusual formula for awarding electoral votes. “Maine has the gold standard of presidential election processes in the United States,” state House Minority Leader Billy Bob Faulkingham told the Bangor Daily News on Thursday. But unlike the previous times, there no longer appears to be a good way for Maine — and therefore national Democrats — to counter a change in Nebraska.

Persons: Donald Trump, Trump, Joe Biden, Sen, Lindsey Graham, Billy Bob Faulkingham, “, ”, Kamala Harris, Harris, Biden, Harris ’, JD Vance, Democrats —, Dan Ankeles, ” Alex Seitz, Wald, Ben Kamisar Organizations: Republicans, Electoral, Democratic, Republican, Nebraska Republicans, Maine Democrats, Trump, Congressional, Maine Legislature, Maine GOP, Bangor Daily, Electoral College, Representatives, Maine, Democrats, National Locations: LINCOLNVILLE, Maine, Nebraska, Nebraska’s Omaha, “ Maine, United States, Bangor, Pennsylvania, Michigan, Wisconsin, R, Ohio, Lincolnville, Washington ,

☆ Big returns before Fed rate cut doesn't mean stocks can't keep rising, history shows
▼ + stars: | 2024-09-20 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Investors don't need to worry that the market got out over its skis on interest rate cuts, according to Bank of America. The S & P 500 rallied to all-time highs this week after the Federal Reserve issued its first interest rate decrease in four years. Said another way, when looking historically, Subramanian found "no relationship" between returns ahead of the Fed's first cut and 12-month forward performance. On top of that, she said the S & P 500 sitting near a 52-week high heading into the cut has mattered "even less." The S & P 500 has climbed 11% on average over the year following an initial rate cute.

Persons: Savita Subramanian, Subramanian, Said Organizations: Bank of America, Federal Reserve

☆ Long-term interest rates could rise despite the Fed's cut, says Greenwich Wealth's Vahan Janjigian
▼ + stars: | 2024-09-20 | 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 EmailLong-term interest rates could rise despite the Fed's cut, says Greenwich Wealth's Vahan JanjigianVahan Janjigian, Chief Investment Officer at Greenwich Wealth Management, and Margaret Patel, Senior Portfolio Manager for multi-asset solutions at Allspring Global Investments, join 'The Exchange' to discuss slowdown strategies for stocks, the future of interest rates, and more.

Persons: Janjigian, Margaret Patel Organizations: Greenwich Wealth Management, Allspring Global Investments Locations: Greenwich

☆ Erik Menendez, a focus of Netflix's 'Monsters' season two, got married in prison. What to know about this wife.
▼ + stars: | 2024-09-20 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

In 1996, Lyle and Erik Menéndez were convicted for the 1989 murder of their parents. The case is the focus of Netflix's "Monsters: The Lyle and Erik Menendez Story." Here's what to know about Erik Menendez's wife, Tammi Menendez. Advertisement"Monsters: The Lyle and Erik Menendez Story" examines the lives of two brothers who in 1996 were convicted of murdering their parents. Lyle and Erik Menéndez are serving prison sentences for shooting their parents, Jose and Mary Louise "Kitty" Menendez.

Persons: Lyle, Erik Menéndez, Erik Menendez, Erik Menendez's, Tammi Menendez, —, Jose, Mary Louise, Kitty, Menendez Organizations: Service, Business

☆ Japan's Nikkei leads gains in Asia Pacific after Wall Street soars on Fed's jumbo rate cut
▼ + stars: | 2024-09-20 | by ( Anniek Bao | In | ) www.cnbc.com time to read: 1 min

A Japanese flag is displayed as shoppers and pedestrians walk past stores at a shopping street in Tokyo, Japan, on Wednesday, Nov. 23, 2016. Asia-Pacific markets opened higher on Friday with Japan's Nikkei 225 leading gains, after Wall Street soared overnight following the Federal Reserve's outsized rate cut. Japan's core consumer prices index climbed 2.8% year on year, in line with Reuters estimates, versus a 2.7% rise in the previous month. The reading will be the last gauge of the economy before the BOJ concludes its two-day monetary policy meeting, where it's expected to keep interest rates unchanged at 0.25%. The Japanese yen was nearly flat at 142.67.

Persons: PBOC Organizations: Japan's Nikkei Locations: Tokyo, Japan, Asia, Pacific

☆ An under-the-radar corner of the stock market has the green light for a 'powerful' catch-up rally, Goldman Sachs portfolio manager says
▼ + stars: | 2024-09-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Small-cap stocks are poised for a significant rally, Goldman Sachs' Greg Tuorto said. The portfolio manager pointed to lower interest rates and a promising economic backdrop for small-caps. The presidential election could also be a positive catalyst, leading to a catch-up rally, he said. That's according to Greg Tuorto, a portfolio manager at Goldman Sachs Asset Management who says he sees a big "catch-up" rally coming for small-cap stocks. AdvertisementThe Russell 2000 surged 2% after the Fed cut interest rates on Wednesday, with the small-cap index up 12% year-to-date.

Persons: Goldman Sachs, Greg Tuorto, —, Tuorto, it's, Fundstrat's Tom Lee Organizations: Service, Goldman Sachs, Management, CNBC, Atlanta Fed

☆ Gold set for weekly gain on Fed rate cut boost
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: +2 min

Gold lingered near record high levels on Friday and was on track for a weekly gain after the Federal Reserve's recent super-sized interest rate reduction and on signs that further cuts were on the horizon. Spot gold rose 0.2% to $2,592.17 per ounce, as of 0309 GMT, up about 0.6% for the week so far. Bullion rose to a record high of $2,599.92 on Wednesday after the Fed began easing monetary policy with a half-percentage-point rate cut. "Gold prices are expected to be well supported in the coming months due to a weaker U.S. dollar and lower bond yields, as well as against a backdrop of elevated geopolitical tensions," BMI said in a note. Spot silver rose nearly 1% to $31.09 per ounce and palladium gained 0.6% to $1,086.75.

Persons: Gold, Kyle Rodda Organizations: Federal, Fed, Capital.com, BMI Locations: Birmingham, England, Capital.com . Lower U.S, East, Lebanon, Israel, Lebanese, China, Switzerland

☆ What lower rates mean for markets
▼ + stars: | 2024-09-20 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

The Fed on Wednesday lowered interest rates, marking the first rate cut since March 2020. A decline in interest rates should, theoretically, mean good news for the stock market. The Fed likely won’t take rates lower as aggressively as they were raised, unless the economy takes a downturn and necessitates loose economic conditions. While mortgage rates and bond yields have begun drifting lower, companies and consumers still might not feel the effects of lower rates right away. But investors with outsized positions in Big Tech stocks should eye beaten-down areas of the market that benefit from lower interest rates, says Diton.

Persons: Dow, Jerome Powell, ”, Jeff Buchbinder, Powell, Eric Diton Organizations: New, New York CNN, Federal, Fed, Nasdaq, LPL, Wealth Alliance, Tech, Meta, Apple, Big Locations: New York, Big Tech

☆ Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance
▼ + stars: | 2024-09-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

An employee does final inspections on a Mercedes-Benz C-Class at the Mercedes-Benz US International factory in Vance, Alabama. Mercedes shares fell more than 8% Friday after becoming the latest carmaker to cut its guidance this year as sluggish demand in China and trade disputes weigh on the sector. Shares pared losses slightly to trade 6.9% lower as of 9:40 a.m. London time. "This affected the overall sales volume in China including sales in the Top-End segment. Overall, the sales mix in the second half of 2024 is expected to remain unchanged versus the first half, and therefore weaker than originally expected," the company said.

Persons: Mercedes Organizations: Benz, Mercedes, Benz US International, Volvo, BMW, Continental Locations: Vance , Alabama, China, London

☆ Family offices are the most bullish they've been in years, survey says
▼ + stars: | 2024-09-20 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Family offices are the most bullish they've been in years, putting their cash to work in stocks and alternatives as the Fed starts to cut interest rates, according to a new survey. Nearly all family offices, 97%, expect positive returns this year, and nearly half expect double-digit gains, according to Citi Private Bank's 2024 Global Family Office Survey. With interest rates heading down, family offices are also regaining their appetite for stocks. More than a third, 39%, of family offices plan to increase their allocation to developed-market equities, mainly the U.S., while only 9% plan to trim their equity exposure. That comes after 43% of family offices increased their exposure to public stocks last year.

Persons: Robert Frank, they've, Hannes Hofmann Organizations: Citi, Citi Private Bank

The Barclays 6 Month Online CD is paying 5.10% APY, but it may not be for long. This is because CD rates are directly impacted when the Federal Reserve changes rates. Most notably, the well-known online bank Barclays Bank still has a 6-month CD paying 5.10% annual percentage yield (APY) on a 6-month CD, but it may not be for long. How to earn 5.10% APY on a Barclays CDSince Barclays is an online-only bank, you'll have to apply for the Barclays 6 Month Online CD online. She edits and updates articles about banks, checking and savings accounts, CD rates, budgeting, and general saving.

Persons: you'll, Sophia Acevedo, Sophia, Axel Springer, Education Sophia Organizations: Fed, Barclays, Federal Reserve, Barclays Bank, Business, Finance, Bank, Savings, Education, California State University Fullerton, National Association of Hispanic Journalists, Angeles Locations: California

☆ Bank of Japan keeps key interest rate steady as it treads cautiously on normalizing policy
▼ + stars: | 2024-09-20 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

The Japanese flag flutters over the Bank of Japan (BoJ) head office building (bottom) in Tokyo on April 27, 2022. The Bank of Japan kept its benchmark interest rate steady at "around 0.25%" — the highest rate since 2008 — at the conclusion of a two-day meeting Friday. Japan's economy has recovered moderately, the central bank said in its official statement, while acknowledging "some weakness has been seen in part." BOJ Governor Kazuo Ueda said last month that the central bank would continue to raise interest rates if the economy and inflation stayed in line with the central bank's projection. On Thursday, The U.S. Federal Reserve cut interest rates by 50 basis points to a range of 4.75% to 5.0%.

Persons: BOJ, Kazuo Ueda Organizations: Bank of Japan, The Bank of Japan, Nikkei, U.S . Federal Reserve Locations: Tokyo

☆ Case for the Bank of England to go further and faster with rate cuts: Oliver Wyman
▼ + stars: | 2024-09-20 | 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 EmailCase for the Bank of England to go further and faster with rate cuts: Oliver WymanHuw van Steenis, vice chair of Oliver Wyman and former advisor to Mark Carney, discusses the Bank of England's decision to hold interest rates at its September meeting and the impact of public sector pay rises.

Persons: Oliver Wyman Huw van Steenis, Oliver Wyman, Mark Carney Organizations: Bank of England, Bank of

☆ Watch CNBC’s full interview with Greenwich Wealth's Vahan Janjigian and Allspring Global's Margaret Patel
▼ + stars: | 2024-09-20 | 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 EmailWatch CNBC’s full interview with Greenwich Wealth's Vahan Janjigian and Allspring Global's Margaret PatelVahan Janjigian, chief investment officer at Greenwich Wealth Management, and Margaret Patel, senior portfolio manager for multi-asset solutions at Allspring Global Investments, join 'The Exchange' to discuss slowdown strategies for stocks, the future of interest rates, and more.

Persons: Allspring Global's Margaret Patel Vahan Janjigian, Margaret Patel Organizations: Greenwich, Greenwich Wealth Management, Allspring Global Investments

☆ The Fed is definitely taking their dual mandate seriously here, says GenTrust's Mimi Duff
▼ + stars: | 2024-09-20 | 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 Fed is definitely taking their dual mandate seriously here, says GenTrust's Mimi DuffMimi Duff, GenTrust managing director, joins 'Squawk Box' to discuss the Fed's interest rate decision this week, what was behind the central bank's decision to cut by 50 basis points, state of the economy, and more.

Persons: Mimi Duff Mimi Duff, GenTrust

☆ The good, bad, and ugly of life after rate cuts
▼ + stars: | 2024-09-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +1 min

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Persons: —, Jerome Powell Organizations: Business, Service

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