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☆ Shaboozey says the impact of Beyoncé's 'Cowboy Carter' is much bigger than the CMAs after the album was snubbed
▼ + stars: | 2024-09-13 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +4 min

Back in April, "A Bar Song" made history when it replaced Beyoncé's "Texas Hold 'Em" atop Billboard's Hot Country Songs. "Cowboy Carter" made chart history and inspired thoughtful conversations about systemic racism in the music industry. (As Billboard reported, Beyoncé's team did not need to submit "Cowboy Carter" in order for the album to be eligible. And that project changed a lot of people's lives, mine included," Shaboozey said of "Cowboy Carter." Shaboozey himself received two nods for the 2024 CMAs: new artist of the year and single of the year for "A Bar Song (Tipsy)."

Persons: —, Shaboozey, Carter, Tanner Adell, Brittney Spencer, Beyoncé, Beyoncé's, you've, everyone's, it's Organizations: Service, MTV, Virginian, Business, Spotify, Hollywood, Billboard Locations: Texas

☆ IRS: This 'rule of thumb' shows who needs to make a third-quarter estimated tax payment by Monday
▼ + stars: | 2024-09-13 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The third-quarter estimated tax deadline for 2024 is Monday, Sept. 16, and skipping a payment could trigger a penalty, according to the IRS. Typically, you need estimated payments for any income without tax withholdings, such as earnings from self-employment, contract or gig economy work and investment or retirement income. Some filers also need estimated payments if they haven't withheld enough taxes from a full-time or part-time job. Estimated payments can help avoid "refund disappointment or balance due shock," said Mark Steber, chief tax information officer at Jackson Hewitt. You can find adjusted gross income on line 11 of Form 1040 from your 2023 tax return.

Persons: Mark Steber, Jackson Hewitt, — Organizations: Finance, Security Locations: Washington

☆ Walmart and Clorox are among the most overbought stocks on Wall Street. Here are some others
▼ + stars: | 2024-09-13 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +8 min

Retail giant Walmart is among this week's most overbought stocks, with an 14-day RSI reading of 81.7. The average price target on the Oakland, California-based stock is nearly 10% below the stock's current price, suggesting a pullback may lie ahead. Analysts estimate Halliburton and APA might rally nearly 60% each, while Occidental's price target is 38% above its current level. The average price target on the Oakland, California-based stock is nearly 10% below the stock's current price, suggesting a pullback may lie ahead. Analysts estimate Halliburton and APA might rally nearly 60% each, while Occidental's price target is 38% above its current level.

Persons: Clorox, Johnson, Let's, Gabby Jones, Cooper Organizations: Nasdaq, Dow Jones, CNBC Pro, Retail, Walmart, Consumer, Johnson, Energy, Halliburton, APA, . Occidental Petroleum, Occidental Petroleum, Pharmaceutical, Moderna, JPMorgan, Bloomberg, Getty, UDR UDR, Inc, Oracle Corp, CNBC, HAL Halliburton, APA APA Corp, Occidental Petroleum Corp, Walgreens, Body Locations: Arkansas, Oakland , California, Secaucus , New Jersey

(This is CNBC Pro's live coverage of Friday's analyst calls and Wall Street chatter. A biotech stock and an energy company were among the names being talked about by analysts on Friday. — Sean Conlon 6:19 a.m.: Pivotal says buy TKO Group A competitive media landscape could mean gains for TKO Group , according to Pivotal Research Group. TKO Group shares are up nearly 41% year to date. TKO YTD mountain TKO in 2024 — Sean Conlon 5:49 a.m.: JPMorgan downgrades Moderna to underweight JPMorgan sees a rocky road ahead for Moderna .

Persons: Raymond James, Srini Pajjuri, — Sean Conlon, Jeffrey Wlodarczak, Jessica Fye, Fye, it's, Ameet, Thakkar, he's, Fred Imbert Organizations: CNBC, JPMorgan, Moderna, BMO Capital Markets, GE Vernova, ARM, Research, JPMorgan downgrades Moderna, Food and Drug Administration, BMO, GE, General, Gas Power, General Electric Locations: Thursday's

☆ Tech roars back, and Eli Lilly sends a welcome signal on its growth prospects
▼ + stars: | 2024-09-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 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. Jim Cramer said earlier Friday that Nvidia received a do-over from 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.

Persons: Jim Cramer, Nvidia, Financials, Love, Lilly, Eli Lilly, Lilly's, haven't, that's, Jim Cramer's, Jim Organizations: CNBC, Tech, Nvidia, Broadcom, Wall, Federal, Energy, Citi, and Drug Administration, Fed, Market, Jim Cramer's Charitable Locations: Ireland, Kisunla, U.S, Europe

☆ Stocks are near record highs despite turmoil and 'erratic price action'
▼ + stars: | 2024-09-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite are headed for their fourth weekly gain in five weeks, up 3.5% and 5.3%, respectively. Those gains have come even after a massive but brief intraday sell-off Wednesday — which was quickly erased after the S & P 500 stayed above a key level. .SPX 5D mountain SPX 5-day chart Indeed, after all the wild swings, the S & P 500 is a scant 1.2% below an intraday record of 5,669.67 reached in July. "Erratic price action in equities suggests confusion amid ever changing market narratives," Cau wrote. "Therefore, equity price action may stay volatile and data dependent, until we get more clarity on the economic outlook."

Persons: Rob Ginsberg, Emmanuel Cau, Cau Organizations: Nasdaq, Dow Jones, Wolfe Research, Fed, Barclays Locations: U.S

☆ Tesla is poised for a breakout, according to the charts
▼ + stars: | 2024-09-13 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Before we get into the charts, it's important to discuss the process of choosing to write about TSLA this week. In other words, oftentimes, the most comprehensive method to locate constructive trade set-ups is reviewing a big list and taking note of the charts that look attractive. That's why I frequently intentionally do NOT look at the chart's stock symbol while going through a long list. I want the chart, and only the chart, to be the factor that influences my decision to potentially buy or sell it. Thus, seeing the above potential breakout attempt come to fruition would have a meaningful impact on its longer-term trend, too.

Persons: TSLA, That's, Frank Cappelleri Organizations: Tesla, CNBC, NBC UNIVERSAL

Months after the beef between rappers Kendrick Lamar and Drake seemingly reached a conclusion, Lamar has dropped a new track. Lamar posted an untitled song to his Instagram Reels without a caption on Tuesday evening. Lamar similarly released one of his diss tracks against Drake, “6:16 in L.A.,” on Instagram only. Lamar was embroiled in a monthslong feud with Drake that produced nine diss tracks between the two rappers. 1 on the Billboard Hot 100 and was one of the top songs of the summer, according to the outlet’s summer songs chart.

Persons: Kendrick Lamar, Drake, Lamar, MTV VMAs, disses Drake, ” Lamar, ” Organizations: MTV, Air Force, Black Air Force Locations: L.A, New Orleans

☆ Cramer's Lightning Round: Garmin 'is going higher'
▼ + stars: | 2024-09-12 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon CommScope's year-to-date stock performance. CommScope : "The stock has been on a real tear, and you know what, I don't know why. Stock Chart Icon Stock chart icon IonQ's year-to-date stock performance. Stock Chart Icon Stock chart icon Garmin's year-to-date stock performance. Stock Chart Icon Stock chart icon MongoDB's year-to-date stock performance.

Persons: I've Organizations: Garmin

☆ Katy Perry's triumphant VMAs performance isn't good news for her career
▼ + stars: | 2024-09-12 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

Just over 15 years after she released her major label debut, "One of the Boys," Perry became the latest Video Vanguard recipient, the VMA version of a lifetime achievement award. Performing a career-spanning medley at the VMAs as a Vanguard winner should be a victory lap. AdvertisementAfter an early career peak — Perry has released nine chart-topping hits to date, all before 2015 — she's had none in the past decade. It was bad enough to put Perry's comeback in jeopardy, quickly devolving into a "career crisis." But Perry's new album "143" will be released next week, and she still needs to convince people it's worth a listen.

Persons: —, Katy Perry, Perry, Michael Jackson's, — Perry, — she's, Katy, Arturo Holmes, Perry wouldn't, Sabrina Carpenter, Chappell Roan, I've, Doechii, Megan Thee, would've Organizations: Service, MTV, Vanguard, Business Locations: California

☆ A hedge if this tech comeback is a head fake and a correction is still in order
▼ + stars: | 2024-09-12 | by ( Michael Khouw | ) www.cnbc.com time to read: +3 min

The Technology Select Sector Index, which the ETF 'XLK ' tracks, is down about 9% since the all-time high on July 10. This is even though the technology sector earnings have experienced a compound annual growth rate 2.7% greater than the S & P 500. The chart below reflects the earnings growth of the Technology Sector vs. the S & P 500 over the past 20 years in a log scale. Not only has the technology sector grown earnings faster, but earnings growth has also been more stable. While technology stocks are down almost 9% from their all-time highs, those all-time highs also reflected all-time high valuations.

Persons: we've, it's Organizations: Technology, CNBC, NBC UNIVERSAL

☆ Senate debates taxes ahead of Trump’s 2025 expirations. It's a ‘make-or-break moment,' lawmaker says
▼ + stars: | 2024-09-12 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

With trillions in tax breaks scheduled to expire after 2025, lawmakers are debating policy priorities that could impact millions of families and small businesses. Enacted by former President Donald Trump in 2017, the Tax Cuts and Jobs Act, or TCJA, made sweeping tax changes, including temporary provisions that will sunset after 2025 without action from Congress. Some of the expiring TCJA provisions include lower federal income tax brackets, bigger standard deductions, a more generous child tax credit, higher gift and estate tax exemptions and a 20% tax break for pass-through businesses, among others. "This will be a make-or-break moment for the federal budget and for America's middle class," Senate Finance Committee Chairman Ron Wyden, D-Ore., said in a prepared statement at a Senate hearing on Thursday. In the meantime, lawmakers and organizations are voicing support for certain tax issues before the 2025 deadline.

Persons: Donald Trump, Ron Wyden, — Organizations: Finance, Tax, White House

☆ UAW, U.S. dealers increase criticism of Stellantis CEO over cuts, sales declines
▼ + stars: | 2024-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

David Dee Delgado | ReutersDETROIT – Stellantis ' U.S. dealer network has joined the United Auto Workers union in criticizing CEO Carlos Tavares for the company's recent sales declines, factory production cuts and other decisions they deem detrimental to the automaker's business. "The market share of your brands has been slashed nearly in half, Stellantis stock price is tumbling, plants are closing, layoffs are rampant, and key executives fleeing the company. We will continue to work with our dealers to avoid any public disputes that will delay our ability to deliver results." Stellantis reported a record profit in 2023, but so far this year, the automaker reported a first-half net profit of 5.6 billion euros ($6.07 billion), down 48% from the same period of 2023. It's part of his "Dare Forward 2030" plan to increase profits and double revenue to 300 billion euros ($325 billion) by 2030.

Persons: Carlos Tavares, David Dee Delgado, Tavares, Kevin Farrish, Farrish, Ford Stellantis, Stellantis, Shawn Fain, Kamala Harris, Tim Walz, Rebecca Cook Organizations: New York, Auto, Reuters DETROIT, United Auto Workers, Chrysler, Dodge, Investor, Bloomberg, Stellantis, GM, Fiat Chrysler, France's PSA Groupe, UAW, U.S, Democratic Locations: Manhattan , New York, U.S, Virginia, Romulus , Michigan

A golden cross is a chart pattern in which a stock's 50-day moving average moves above its 200-day average. Given the more volatile backdrop, CNBC Pro screened FactSet for stocks that are forming or approaching a golden cross pattern. The health-care stock has a 50-day moving average of $103.31 and is approaching its 200-day moving average of $104.14. MarketAxess Holdings Meanwhile, the 50-day moving average of $230.11 for MarketAxess Holdings has already surpassed its 200-day moving average of $228.36, indicating possible future gains. Its 50-day moving average of $218.04 has also already passed its 200-day moving average of $215.18.

Persons: paring, Cardinal Health's Organizations: Dow Jones, Nasdaq, CNBC Pro, Health, Holdings, MarketAxess Holdings, SBA Communications SBA Communications, SBA Locations: Wednesday's

☆ Chappell Roan’s makeup artist breaks down her VMAs look
▼ + stars: | 2024-09-12 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

“If Joan of Arc was a glamour girl,” quipped Roan’s makeup artist, Andrew Dahling, who worked on the VMA vision. Dahling was inspired by Pat McGrath’s work as runway makeup artist for Dior in the 2000s. Kevin Mazur/Getty ImagesFor Roan’s red carpet look, Dahling had a lighter touch. (Dahling, who was behind Roan’s green body paint and makeup, said the look took around four hours to complete). “It’s not meant to look classically beautiful (like) the Instagram makeup that we see today that’s super blended and perfect,” said Dahling of Roan’s VMAs vision.

Persons: Chappell Roan, —, Roan, Joan of Arc, ”, Andrew Dahling, Roan —, Babe, Dahling, Pat McGrath’s, Dior, “, Joan of, Pat McGrath's, Kevin Mazur, Liberty, Governors Ball, Queen Elizabeth, Jamie McCarthy, “ It’s, ” —, John Waters, Violet Chachki, Davy, Ball, Lady, Marleen Moise, Stephen J, Cohen, he’s, ” Dahling Organizations: CNN, VMA, auburn, Dior, NFL, Festival, WWE, Governors, Kentucky, Lady Liberty, Getty, Kentucky Pride Festival, Financial, messier Locations: New York, Alabama, Chicago, Europe, Manchester, Glasgow, London, Kentucky

☆ Here's the deflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

It means that, in aggregate, the average prices of goods and services are rising, just more slowly. Where prices have deflatedFor example, prices have declined by about 5% for furniture and bedding and 3% for appliances since August 2023, according to CPI data. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. Airline fares have declined about 1% over the past year, according to CPI data. Grocery prices have fallen for items such as apples, potatoes, ham, coffee, rice, seafood and bananas, according to CPI data.

Persons: Stephen Brown, it's, Sarah House, They've, women's outerwear, Brown Organizations: North, Capital Economics, Finance, Social Security, Wells, Wells Fargo Economics, U.S, International Air Transport Association Locations: U.S, North America, Wells Fargo, China

☆ Sabrina Carpenter honors Madonna in vintage Oscars gown at VMAs red carpet
▼ + stars: | 2024-09-12 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

CNN —Madonna was everywhere at this year’s MTV Video Music Awards in New York — and she wasn’t even there. But it was Artist of the Year nominee Sabrina Carpenter who went the extra mile by tracking down a vintage gown from the Queen of Pop’s style archive. Featuring a deep-V neckline and embellished with sequins, pearls and crystals, the white satin gown was designed — and later customized for Madonna — by celebrated fashion designer Bob Mackie. “Maria Schiavo, a well-known fashion stylist, borrowed my sample of this dress for a Madonna cover shoot for Vanity Fair,” Mackie recalled. Nobody else should be seen in that dress.”)Carpenter’s stylist, Jared Ellner, said on Instagram that he acquired the Madonna gown through LA vintage clothing studio, Tab Vintage.

Persons: CNN —, Addison Rae, Anitta, Sabrina Carpenter, —, Bob Mackie, Michael Jackson, ”, Dick Tracy, Madonna, Marilyn Monroe, Ron Galella, Steven Meisel, Mackie, “ Maria Schiavo, ” Mackie, Pop, Fran Drescher, Monroe, Diana Ross, Cher, Anya Taylor, Joy, Katy Perry, Zendaya, Miley Cyrus, Kim Kardashian, Jared Ellner, De, Tab Vintage’s, Alexis Novak, Carpenter, “, Evan Agostini, Britney Spears, Spears Organizations: CNN, MTV, De Beers, Vogue, UBS Arena, Billboard, VMA Locations: New York, Monroe, Elmont , New York

☆ Stocks linked to the economy are acting poorly, especially this bellwether, according to the charts
▼ + stars: | 2024-09-12 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +2 min

Year to date, the S & P 500 machinery group is up only 8% versus the S & P 500 industrial sector, which is up 12%. The S & P 500 itself which is up 16%. We remain underweight industrials generally, and machinery stocks specifically. Here's S & P 500 machinery industry comprising 17 stocks with a total market capitalization of $764 billion: The 2-panel chart below depicts the S & P 500 machinery industry marking new highs the past 18 months, yet a series of lower relative highs to the market. Top Panel: S & P 500 Machinery Industry Group Bottom panel: Machinery's Relative Performance to the S & P 500 Index Caterpillar chart below... we're sellers here.

Persons: Here's, Carter Braxton Worth Organizations: Caterpillar, Machinery Industry, CNBC, NBC UNIVERSAL Locations: U.S

☆ Why VW investing $5 billion in Rivian might be transformative for both companies — and the auto industry
▼ + stars: | 2024-09-12 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

Electric truck maker Rivian's $5 billion deal with Volkswagen Group nets Rivian some much-needed cash. But it also gives Volkswagen a path to a future in the auto industry it has struggled to gain on its own. As of the second quarter, Rivian was losing somewhere around $1.5 billion per quarter — or about $30,000 to $43,000 on every truck it sold in the past five quarters. Financial strain and instability in the EV market and the broader economy have led to multiple rounds of layoffs at Rivian. But there are still challenges: Automotive history is littered with failed partnerships, Rivian and VW are still competitors, and the EV transition has proven rockier than many forecasters had expected.

Persons: Rivian, Joe McCabe, Alex Potter, Piper Sandler Organizations: Volkswagen Group, Volkswagen, AutoForecast Solutions, EV, VW Locations: Georgia

However, experts say there is more to Beyoncé’s snub than the industry’s longtime erasure of Black artists’ contributions to country music. In contrast, rapper Post Malone made his first foray into country music this year and opted for a more mainstream country music sound, tapping Nashville giants to assist in his project. As one of the largest pop stars in the world, her career is not dependent on Nashville or the Country Music Association, which runs the CMA Awards. Neither Beyoncé nor the Country Music Association responded to a request for comment on the matter. The CMA Awards snub has opened up a dialogue about where the country music industry can go from here.

Persons: Carter ”, Beyoncé, Amanda Marie Martinez, tonks, ”, Martinez, Post Malone, Morgan Wallen, Tim McGraw, Blake Shelton, Luke Combs, Malone, Cowboy Carter, ” Martinez, Emmett Price III, Price, Carter, Cowboy Carter ”, Shaboozey, ” Price Organizations: Music, The, University of North, Chapel Hill, Artists, Nashville, Country Music Association, CMA, Tennessean, Berklee College of Music, “, NBC Locations: University of North Carolina, Chapel, Nashville , Tennessee, Nashville, Texas, Beyoncé

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

☆ Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder
▼ + stars: | 2024-09-11 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

CNBCWarren Buffett's Berkshire Hathaway offloaded another chunk of Bank of America shares, bringing its total sales to more than $7 billion since mid-July and reducing its stake to 11%. The latest action extended Berkshire's selling streak to 12 consecutive sessions, matching the 12 consecutive sessions from July 17 to Aug. 1. Berkshire has sold more than 174.7 million shares of the Charlotte-based bank for $7.2 billion, with 858.2 million shares remaining, or 11.1% of shares outstanding. BofA CEO Brian Moynihan made a rare comment about Berkshire's sales Tuesday, saying he has no knowledge of Buffett's motivation for selling. Stock Chart Icon Stock chart icon Bank of America

Persons: Warren Buffett, Berkshire Hathaway, BofA, Moynihan, Buffett Buffett, Brian Moynihan Organizations: Berkshire, CNBC Warren, of America, Apple, American Express, Oracle, Barclays Global Financial Services, Bank of America Locations: Omaha , Nebraska, Omaha, Berkshire, Charlotte, BofA

☆ Avoid 'knee-jerk reactions' to candidates' proposed tax increases, financial advisors say. Here's why
▼ + stars: | 2024-09-11 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

With fewer than 60 days until the election, investors may feel stressed by the flurry of tax policy proposals. Democratic presidential nominee Vice President Kamala Harris has plans for middle-class tax cuts while raising levies on the wealthiest Americans and corporations. Meanwhile, former President Donald Trump, the Republican nominee, aims to extend tax breaks enacted during his first term and end taxes on Social Security benefits. How it compares to recent historyBut there's a big difference between a candidate's tax idea or proposal and signed legislation. "All sorts of things are in presidential budgets that don't get enacted," said CFP and financial therapist Rick Kahler, president of Kahler Financial Group in Rapid City, South Dakota.

Persons: Donald Trump, Kamala Harris, Trump, Louis Barajas, —, Harris, Rick Kahler Organizations: Republican, Democratic, U.S, New York Young Republican Club, Social Security, International Private Wealth, Finance, Kahler Locations: New York City, U.S, Irvine , California, Rapid City , South Dakota

☆ Here’s the inflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

"We'd expect inflation to continue to subside," though with "some ups and downs" in the data from month to month, House said. Housing inflation is falling but still highInflation for physical goods spiked as the U.S. economy reopened in 2021. Shelter is largest component of the CPI, and therefore has an outsized effect on inflation readings. Such data quirks mask positive news in the real-time rental market, which has seen minimal inflation for about two years, economists said. However, shelter CPI inflation has appeared to defy gravity lately: It increased on a monthly basis for two consecutive months, from 0.2% in June to 0.4% in July, and then to 0.5% in August.

Persons: Grace Cary, Sarah House, It's, hasn't, Paul Ashworth, Ashworth, — Organizations: Wells, Wells Fargo Economics, U.S . Department of Labor, North, Capital Economics, U.S . Federal, Finance, CPI, BLS Locations: U.S, Wells Fargo, North America

☆ GameStop craters as earnings show sales falling and profits driven mostly by its huge cash pile
▼ + stars: | 2024-09-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

GameStop stock plunged on Wednesday after revealing a 31% revenue decline in its second-quarter earnings. The video game retailer's revenue drop comes amid the industry's shift to digital game downloads. AdvertisementGameStop investors received a sobering wakeup call on Wednesday after the video game retailer saw its stock plunge as much as 18%. GameStop's earnings revealed a sharp 31% revenue decline to $798 million as the video game industry accelerates its transition from physical game sales to digital game downloads. AdvertisementAside from the sharp revenue decline, GameStop reported a slight profit surprise with adjusted earnings per share of $0.01 higher than the -$0.09 estimate from Wall Street.

Persons: —, Keith Gill, Ryan, Ryan Cohen's GameStop Organizations: GameStop, Service, Nintendo, Sega, Wall, Federal, SEC

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