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What exactly President-elect Donald Trump's second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The Dow Jones Industrial Average surged past 44,000 for the first time ever, and the S & P 500 and the Nasdaq Composite similarly posted new records. Sales of Blackwell and Grace Blackwell are expected to start to show up in results next year. The SPDR S & P Regional Banking ETF has surged 11% this month.
Persons: Donald Trump's, Jimmy Chang, Jensen Huang, CNBC's, Blackwell, Grace Blackwell, Harsh Kumar, Piper Sandler, Kumar, Jensen, Donald Trump, Robert F, Kennedy Jr, Novavax, Ken Mahoney, Trump, There's, Mahoney, Rockefeller's Chang, Chris Rupkey, Jerome Powell Organizations: Dow Jones, Nasdaq, Rockefeller Global Family, Treasury, Nvidia, Blackwell, Health, Human Services Department, Moderna, Asset Management, Regional Banking ETF, Federal, White, FWDBONDS, Housing, Walmart, Lowe's, Palo Alto Networks, Philadelphia Fed, . Kansas City Fed Manufacturing, Ross Stores, Intuit, Deere, PMI, PMI Manufacturing, PMI Services Locations: China, U.S, NAHB, . Kansas, Michigan
Reports that billionaire Elon Musk has held multiple calls with Russian officials, including President Vladimir Putin, should be investigated by the Pentagon and law-enforcement agencies on national-security grounds, two senior Democratic senators said in a letter seen by Reuters on Friday. Musk, who has been appointed to a senior government role by Republican President-elect Donald Trump, oversees billions of dollars in Pentagon and intelligence-community contracts as CEO of aerospace company SpaceX. Several Democratic lawmakers have publicly called for a probe into Musk's communications with Moscow since a Wall Street Journal report last month on the alleged contact, but the letter to the U.S. officials who could launch such an investigation has not been previously reported. SpaceX, Musk and the Pentagon did not immediately respond to requests for comment. The Pentagon and Justice Department did not immediately respond to similar requests.
Persons: Elon Musk, Donald Trump, Vladimir Putin, Musk, Jeanne Shaheen, Jack Reed, General Merrick Garland, Shaheen, Reed, Trump Organizations: Republican, Pentagon, Democratic, Reuters, SpaceX, Foreign Relations, Senate Armed Services, U.S, White, of Government Efficiency, Justice Locations: Butler , Pennsylvania, Moscow
At 58 years old, Tyson will fight Jake Paul, the 27-year-old YouTube-star-turned-boxer who wasn’t even born when Tyson’s career was in its prime. It’s Tyson’s first sanctioned professional match since 2005. Lewis largely controlled the fight, as the champion survived Tyson’s round one onslaught and controlled the pace with strong jabs. The loss accelerated the end of Tyson’s professional career. His final professional bout — until Friday’s against Paul — came against McBride in 2005.
Persons: Mike Tyson, Tyson, Jake Paul, wasn’t, It’s Tyson’s, Kevin McBride, He’s, Evander, Mike ”, , , MIKE TYSON, JAKE PAUL, beckons, Mike ’, Hector Mercedes, Trevor Berbick —, Muhammad Ali —, Mike, ” Tyson’s, Jim Jacobs, Trevor Berbick, Tony Tucker, Michael Spinks, Buster Douglas, Douglas, Tucker, Spinks, Robin Givens, Evander Holyfield, Holyfield Tyson, Holyfield, Jeff Haynes, Francois Botha, Orlin Norris, Lou Savarese, Lennox Lewis, Lewis, Clifford Etienne, Paul —, McBride, ” Tyson, Paul J, Richards, Phil Collins ’ “, Zach Galifianakis, Alan, Roy Jones Jr, outlanding Jones, Paul, Nate Robinson, Friday’s Tyson, , Timothy A, Clary Organizations: T, NETFLIX, Netflix, netflix, WBA, WBC, IBF, MGM, Getty, XIV, , Texas Department Locations: Arlington , Texas, Albany, N.Y, Tokyo, Nevada, California, Miami, Los Angeles
Asia-Pacific markets appeared set to rebound on Friday, breaking ranks with Wall Street after U.S. Federal Reserve Jerome Powell said the central bank does not need to be "in a hurry to lower rates." Speaking in Dallas, Powell pointed out that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast they should lower interest rates. In Asia, investors will be assessing key economic data from Japan and China on Friday, with Japan set to release third-quarter GDP numbers. China will announce October figures for retail sales, industrial output and the urban unemployment.
Persons: Jerome Powell, Powell Organizations: Federal Locations: Asia, Pacific, Dallas, Japan, China
CNN —A rare knife handle in the shape of a gladiator has been discovered at Hadrian’s Wall in the north of England, shining a new light on the celebrity status of the ancient Roman combatants. The secutor gladiator depicted on the knife handle wears a helmet, holds a big shield and has his left hand out, which would have been holding a sword. The knife handle was discovered in a river at Corbridge Roman Town on Hadrian’s Wall in Northumberland, England. The 2,000-year-old knife handle was found in the Tyne River at Corbridge Roman Town on Hadrian’s Wall, a defensive barrier built by the occupying Romans in northeast England. “This beautifully made knife handle is a testament to how pervasive this celebrity culture was, reaching all the way to Hadrian’s Wall at the very edge of the Roman Empire,” she added.
Persons: , ” Frances McIntosh, ” McIntosh, McIntosh, ” “, , Ridley Scott’s Organizations: CNN, Heritage, East, English Heritage Locations: England, Rome, Corbridge, Hadrian’s, Northumberland, Tyne, Britain, Roman, United States
Palantir jumps 11% to a record after announcing move to Nasdaq
  + stars: | 2024-11-15 | by ( Ari Levy | ) www.cnbc.com   time to read: +3 min
Alex Karp, CEO of Palantir Technologies speaks during the Digital X event on September 07, 2021 in Cologne, Germany. Palantir shares continued their torrid run on Friday, soaring 11% to a record, after the developer of software for the military announced plans to transfer its listing to the Nasdaq from the New York Stock Exchange. The shares are now up more than 45% since Palantir's better-than-expected earnings report last week and have almost quadrupled in value this year. Palantir said late Thursday that it expects to begin trading on the Nasdaq on Nov. 26, under its existing ticker symbol "PLTR." Thiel's Palantir holdings have increased in value by about $3 billion since the earnings report and $2 billion since the election.
Persons: Alex Karp, Palantir, Alexander Moore, 8VC, " Moore, Moore, didn't, Maven, Trump, Peter Thiel, Donald Trump's, Thiel Organizations: Palantir Technologies, Nasdaq, New York Stock Exchange, Maven, ., Department of Defense, Trump, P Global, Argus Research Locations: Cologne, Germany
Friday, November 15, 2024: Cramer says he's nervous about this tech retailerGo behind the scenes with Jim Cramer and Jeff Marks of the CNBC Investing Club as they talk candidly about the market's biggest headlines, analyst calls and holdings in the Charitable Trust—and see up close how they decide when, and if, to take action on stocks.
Persons: Cramer, Jim Cramer, Jeff Marks Organizations: Go, CNBC, Trust
Lunar samples from the Chang'e-6 mission could help explain differences between the near and far side of the moon. Li and his team studied 108 basalt fragments contained in two small samples of the lunar far side soil. Future Chang’e-6 sample researchThe Chang'e-6 probe's return capsule, which contained lunar samples from the moon's far side, is shown on June 25 after landing in China's Inner Mongolia Autonomous Region. Xinhua/ShutterstockThese initial analyses of the lunar soil samples raise questions that will take more time and the study of additional samples to address, Neal said. The space agency declined to comment on the studies but said it is coordinating with US researchers who applied for access to Chang’e-5 lunar samples.
Persons: NASA’s, Russia’s Luna, Clive Neal, China’s Chang’e, ” Neal, , Richard W, Carlson, ” Carlson, Qiu, Li, Neal, Bill Nelson, CNSA Organizations: CNN, NASA, Arizona State University, University of Notre Dame, Chang’e, Carnegie Institution, Planets Laboratory, State Key Laboratory, Chinese Academy of Sciences ’, of Geology, Geophysics, Mongolia Autonomous, Xinhua, China National Space Administration, Apollo, FBI, ” NASA Locations: China, Washington , DC, Xinhua, Mongolia, Mongolia Autonomous Region
Mike Tyson and Jake Paul will fight Friday in what will likely be Netflix's biggest-ever live event. The streamer has increasingly segued into live sports while building an ad business. Netflix now has 70 million ad-supported users — up from 40 million in May. AdvertisementMike Tyson and Jake Paul will enter the ring Friday in a long-anticipated boxing bout that could be a big test for Netflix's ambitions. Two years after launching, Netflix said it now has 70 million ad-supported users — up from 40 million in May.
Persons: Mike Tyson, Jake Paul, , Jennifer Halloran, Ampersand's Nicolle Pangis, Peter Naylor, Tyson, Paul Organizations: Netflix, Service, Boxing, influencers, Boston Red Sox, WWE, NFL, Business
CNBC's Jim Cramer on Friday highlighted the biggest events next week on Wall Street, pinpointing earnings reports from Nvidia , TJX and Walmart . Cramer praised the two retailers but said investors might want to wait for a pullback before diving in to Walmart. Retailers TJX, Target and Williams-Sonoma will report Wednesday morning. Cramer recommended investors "wait and see" with Target as Wall Street worries about the impact of potential tariff increases by the Trump administration. After the market closes, Palo Alto Networks and Nvidia report, and Cramer said both could sell off post-earnings.
Persons: CNBC's Jim Cramer, I've, Cramer, Donald Trump, Medtronic, Trump, he'd Organizations: Nvidia, TJX, Walmart, Trump, Viking Holdings, Depot, Federal Reserve, Williams, Palo Alto Networks, Intuit, Procter & Gamble, GE Healthcare Technologies Locations: Vertiv, Sonoma, Williams, China
Warning: This story contains descriptions of self-harm that some readers might find distressingCNN —Iranian activist Kianoosh Sanjari, who died by suicide this week in protest at political imprisonments by the regime, was buried Friday in the capital Tehran. “It is time to act… as Iranians, we should attend his burial with enthusiasm and respect, to honor this noble and tortured individual,” Ronaghi wrote on X. Abdollah Momeni, another Iranian activist, said that when he saw Sanjar’s post, he rushed to meet him, only to find “a white sheet thrown” over his body by Hafez Bridge. On Thursday, the state news agency ISNA reported that a judicial case had been opened by the prosecutor’s office in Tehran regarding Sanjari’s suicide. He was accused of “acting against state security” and “propaganda against the system,” according to the human rights organization.
Persons: Kianoosh Sanjari, Sanjari, , Ayatollah, Khamenei, ” Sanjari, Fatemeh, Nasreen, Toomaj, , Hafez, Kianoosh, ’ Hossein Ronaghi, , ” Ronaghi, Abdollah Momeni, ” Momeni, ISNA, IranWire Organizations: CNN, Islamic, Amnesty, Persian Service, of America, Service Locations: Tehran, Islamic Republic, Charsou, , Iranian, Tehran’s, Iran, Washington ,
Hundreds of hotel workers at a casino near the Las Vegas Strip went on strike just before dawn Friday after a long and highly publicized fight for a new contract. The strike at Virgin Hotels Las Vegas marks the first open-ended strike in 22 years for the Culinary Workers Union, the largest labor union in Nevada, with about 60,000 members. Virgin hotel workers are walking out RIGHT NOW at Virgin Las Vegas for a fair contract! "Workers at Virgin Las Vegas deserve a first-class contract with fair wage increases, and they are organized and ready to strike for it." Culinary Union members last went on strike in 2002 for 10 days at the Golden Gate hotel-casino in downtown Las Vegas.
Persons: Ted Pappageorge, Pappageorge, Bethany Khan Organizations: Vegas, Virgin Hotels, Culinary Workers Union, Virgin, Virgin Las, Culinary Union, Workers Locations: Virgin Hotels Las Vegas, Nevada, Virgin Las Vegas, Vegas, Golden, Las Vegas
Rome CNN —The ancient Colosseum in Rome has witnessed some historic battles, with toga-clad crowds once packing the gigantic venue to watch gladiators slug it out against opponents including lions and baboons. On one side of the arena is holiday rental giant Airbnb and the Colosseum Archaeological Park, which oversees the ruined structure, which is one of Rome’s most visited attractions. You will become a gladiator,” promises the AirBnB advertisement. “A publicity stunt by Airbnb which, after having effectively taken possession of the historic center, completely distorting it and turning it into a large tourist park, now wants to ridicule the Colosseum,” he said Friday. Federico Mollicone, a member of her party who heads the Lower House of Parliament’s Culture Commission said he applauds the innovative idea.
Persons: , Ridley Scott, , Massimiliano Smeriglio, ” Smeriglio, Smeriglio isn’t, Erica Battaglia, Vatican’s, Trevi, Enzo Foschi, ” Airbnb, Giorgia, Brothers, Italy, Federico Mollicone Organizations: Rome CNN, Paramount, CNN, Rome’s Culture, UNESCO, Democratic Party, overtourism, Italian, Culture Commission, Culture, Ministry of Culture Locations: Rome, Eternal
"Tesla, I think, is going to be worth $3 [trillion] or $4 trillion — $5 trillion in 10 years, based upon the business plan that I am aware of. Then Elon believes that longer term it's going to be worth $30 trillion," Baron said Friday on CNBC's " Squawk Box ." TSLA ALL mountain Tesla Tesla is seen as a big beneficiary of promised Trump administration policies as Musk has this year been a prominent backer and donor to the president-elect. Shares of Tesla have surged about 25% in November during the postelection rally to return to a $1 trillion market cap. Baron said he will hold on to his Tesla shares for the long run.
Persons: Ron Baron, Tesla, Elon Musk, Elon, Baron, Trump, Musk, Vivek Ramaswamy Organizations: Nvidia, Apple, Microsoft, EV, Republican, Tesla, Optimus Locations: U.S, Tesla
Oil dips on oversupply concerns, heads for weekly loss
  + stars: | 2024-11-15 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a steep draw in U.S. fuel stocks. ​Distillate stockpiles, which include diesel and heating oil, also fell unexpectedly by 1.4 million barrels, the data showed. Signs of stronger demand supported oil prices, ANZ analyst Daniel Hynes said. The Paris-based agency raised its 2024 demand growth forecast by 60,000 barrels per day to 920,000 bpd, and left its 2025 oil demand growth forecast little changed at 990,000 bpd. Also pressuring oil prices, the dollar surged on Thursday to a one-year high and headed for a fifth-straight daily gain fueled by higher yields and Donald Trump's presidential election victory in the United States.
Persons: Brent, Daniel Hynes, group's, Donald Trump's Organizations: Brent, . West Texas, Energy Information Administration, EIA, ANZ, International Energy Agency, Organization of, Petroleum, greenback Locations: Russia, U.S, Paris, China, India, United States
Processed food stocks tumbled on Friday as investors feared a crackdown under President-elect Donald Trump and ally Robert F. Kennedy Jr. Cheerios cereal and Betty Crocker cake mix maker General Mills fell more than 2%, as did Conagra Brands , the company behind Reddi-wip. Frozen potato supplier Lamb Weston , whose french fries are sold in chains including McDonald's and Chick-fil-A, dropped more than 6%. Traders are wary that Kennedy's "Make America Healthy Again" focus will result in increased scrutiny of companies behind some of the best-known snack, packaged food and soft-drink brands. The stock bucked the trend with an advance on Friday, but finished down more than 4% on the week.
Persons: Donald Trump, Robert F, Kennedy, Betty Crocker, Mills, Reddi, Campbell, Kraft Heinz, Oscar Mayer, Lamb Weston, it's, WK Kellogg Organizations: Soda titans PepsiCo, Coca, Brands, Trump, Health, Human Services Department, Food and Drug Administration, Centers for Disease Control, Capitol, Senate, National Institutes of Health, Traders, NBC, WK Kellogg Co Locations: Canada
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. Gross domestic product came in at 0.1% in the three months to September compared to the previous quarter. That's below the 0.2% growth expected by economists polled by Reuters and follows an expansion of 0.5% in the second quarter of the year.
Persons: Mike Kemp, Rachel Reeves, Thiru, Donald Trump, Trump's, Andrew Bailey, I'm Organizations: of England, Getty, Gross, Reuters, National Statistics, Bank of England's, Bank of England, Labour, Finance, Institute of Chartered Accountants, U.S Locations: City of London, London, United Kingdom, The City, U.K, That's, Britain, England, Wales
CNN —A Miami-bound Scandinavian Airlines flight was forced to return to Europe on Thursday after encountering severe turbulence over Greenland, according to the airline. No severe injuries were reported among passengers or crew on flight SK957, the airline said in a statement to CNN Friday. The plane was rerouted to Copenhagen Airport in Denmark where it will undergo an inspection, according to the airline. A woman who was seated near him did not have her seatbelt on when the turbulence started, according to Solstad. Turbulence is the leading cause of injuries to flight attendants and passengers in nonfatal accidents on commercial airlines, according to the Federal Aviation Administration, but incidents are still rare.
Persons: Sammy Solstad, ” Solstad, , , Solstad, rebooking Organizations: CNN, Airlines, Copenhagen Airport, SAS, Passengers, Federal Aviation Administration, National Transportation Safety Board Locations: Miami, Europe, Greenland, Copenhagen, Denmark
Alibaba said net income rose 58% year-on-year to 43.9 billion Chinese yuan ($6.07 billion) in the company's quarter ending Sept. 30, on the back of the performance of its equity investments. This compared with a LSEG outlook of 25.83 billion yuan. Revenue, meanwhile, came in at 236.5 billion yuan, 5% higher year-on-year but below an analyst forecast of 238.9 billion yuan, according to LSEG data. Investors are closely watching the performance of Alibaba's main business units, Taobao and Tmall Group, which reported a 1% annual uptick in revenue to 98.99 billion yuan in the September quarter. The e-commerce giant's overseas online shopping businesses, such as Lazada and Aliexpress, meanwhile posted a 29% year-on-year hike in sales to 31.67 billion yuan.
Persons: Alibaba, Organizations: Tmall, ING Locations: York, London, Beijing
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. Breaking from Wall Street, Asia-Pacific stocks mostly rose on Friday. On a quarterly basis, GDP rose 0.2%, in line with estimates from a Reuters poll, but that's lower than the second quarter's 0.5% increase. China retail sales pick back upChina's retail sales in October rose 4.8% year on year, reported the National Bureau of Statistics.
Persons: Jerome Powell, Powell Organizations: US Federal Reserve, Music, Fair, CNBC, Trump, Nikkei, CSI, U.S . Federal, National Bureau of Statistics, Nvidia, Citi Locations: Dallas , Texas, Street, Asia, Pacific, China
The conversation on Friday was the first time Scholz had spoken with Putin in two years. It comes as the German leader gears up for a snap election and Europe waits to hear US President-elect Donald Trump’s plan for ending the war in Ukraine. “He stressed Germany’s unbroken determination to back Ukraine in its defense against Russian aggression for as long as necessary,” the spokesperson added. Ukraine said however that phone conversations with Putin brought no added value on the path to achieving a “just peace” in Ukraine. But of course, (it is a) question about how Russia spins it.”Scholz to brief alliesThe Kremlin said Putin had told Scholz Russia was willing to look at energy deals if Germany was interested.
Persons: Volodymyr Zelensky, Vladimir Putin, Putin, ” Zelensky, Chancellor Olaf Scholz’s, Scholz, Donald Trump’s, Zelensky, , , Trump, ” Scholz, Scholz Russia Organizations: Berlin Reuters, Kremlin, Reuters, Scholz’s Social, Ukraine, Kyiv, European Union, NATO, Ukrainian Locations: Ukraine, Kyiv, Russia, Berlin, Germany, Baltic, North Korea, Russia’s, Kursk, United States
The Wrap-Up for Friday November 15
  + stars: | 2024-11-15 | 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 Wrap-Up for Friday November 15The top headlines that could drive today's trading.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Friday's full episode of the Halftime Report — November 15, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
On Friday, Paul steps into the ring for perhaps his most high-profile fight to date against former heavyweight champion Mike Tyson. Mike Tyson, I thought that was a cute slap, buddy, but tomorrow you’re getting knocked the f*ck out. After the postponement of their initial fight in July, Paul went on to defeat bare-knuckle boxing champion Mike Perry with a sixth round TKO. Mike Tyson and Jake Paul will contest their professional boxing bout on November 15. “Then, I’d retire after that.”After winning a boxing world championship, Paul plans to take his talents to mixed martial arts.
Persons: CNN —, Jake Paul, Paul, Mike Tyson, , ” Paul, Mike, Tyson, Eddie Hearn, ” Hearn, Hearn, Canelo Álvarez, Oleksandr Usyk, Dmitry Bivol, Katie Taylor, Anthony Joshua, ” Joshua, Jonathan Ross, YouTuber, ” Tyson, Michael Loccisano, Michael Spinks, Larry Holmes, Clifford Etienne, Roy Jones Jr, “ I’m, He’s, I’m, Ariel Helwani, you’re, , they’re, Logan ., , Jake Paul ’ –, YouTuber Ali Eson Gib, Nate Robinson, Tyron Woodley, Anderson Silva, Nate Diaz, Tommy Fury, Tyson Fury, Fury, Diaz, Andre August, Ryan Borland, Mike Perry, Nakisa Bidarian, Amanda Serrano, Taylor, Ed Mulholland, Serrano, Bidarian, ” Bidarian, I’d Organizations: CNN, Disney, T, Paul, Dallas Cowboys, UFC, Irish, Getty, , MMA Locations: Arlington , Texas, British, Puerto Rican
ET, the 10-year Treasury yield rose by more than two basis points to 4.4453%. The yield on the 2-year Treasury rose by more than three basis points to 4.3307%. U.S. Treasury yields rose on Friday as investors digested Federal Reserve Chair Jerome Powell's latest comments, and awaited further economic data. The remarks come after the Fed cut interest rates by a quarter point last week. Investors will turn their attention to further economic data due to be published on Friday, including retail sales, industrial production, and import prices.
Persons: Jerome Powell's, Powell, Powell's Organizations: Treasury, U.S, Investors, Fed
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