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☆ The most—and least—expensive U.S. states based on average monthly costs
▼ + stars: | 2024-08-11 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

doxo's report found that Hawaii's average monthly cost for household bills is 45% above the national average. 1 most expensive U.S. state based on monthly costs: HawaiiHawaii is still the most expensive state based on the cost of monthly household bills. The doxo report found that the average monthly bill for a mortgage in Hawaii is $2,576, while the average rent is $1,983. 1 least expensive state based on monthly costs: West VirginiaFor the second year in a row, West Virginia ranked as the least expensive state based on monthly costs. Top 10 least expensive states based on monthly costs

Persons: doxo, Hawaii Matteo Colombo Organizations: Utilities Cable, Mobile, Auto, Household, Massachusetts, CNBC, University of Hawaii, Digitalvision, Hawaii, Hawaii California Massachusetts New Jersey Maryland Washington, Hawaii California Massachusetts New Jersey Maryland Washington New York Connecticut Colorado New, West Virginia, State, Business Study, U.S . Bureau of Labor Statistics Locations: Hawaii Hawaii, Hawaii, States, Honolulu, Maui, Aloha, Hawaii California Massachusetts New Jersey Maryland, Hawaii California Massachusetts New Jersey Maryland Washington New York Connecticut Colorado, Hawaii California Massachusetts New Jersey Maryland Washington New York Connecticut Colorado New Hampshire, Virginia, West Virginia, America's, Morgantown , West Virginia, West

☆ Stock futures are little changed ahead of key inflation and retail data: Live updates
▼ + stars: | 2024-08-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

U.S. equity futures fell on Sunday evening as investors braced for key inflation data, after almost completely reversing its violent market rout last week. S&P 500 futures dipped 0.08% and Nasdaq 100 futures inched lower by 0.05%. Fear often works in our favor as stock market investors. "Another round of good [inflation] data could help calm fears that the Fed is potentially losing the plot," Cox said. "Retail sales and retailer earnings may show that fears of a job market slowdown are overblown," she added.

Persons: Callie Cox, they'll, Cox Organizations: Dow Jones, Nasdaq, Dow, Ritholtz Wealth Management, CNBC, Walmart

☆ These low-volatility stocks have a winning record and are attractively valued
▼ + stars: | 2024-08-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

These stocks have low share price volatility over the past five years, and their total return — including share price gains and dividends — are greater than the S & P 500's over the past five years. Take a look at the names below: Health-care companies Amgen , UnitedHealth Group and AbbVie are among the names with low volatility and strong returns in recent years. Pharmaceutical company AbbVie's roughly 262% gain over the past five years is the highest of the stocks in the group. Amgen's share price has a 5-year total return of 104%, making it a steady grower, but still the slowest of the list. Other stocks with low volatility and attractive valuations include automotive replacement parts retailer AutoZone and insurance company Aflac .

Persons: Stocks, They're, Morgan Stanley, Wells, Mohit Bansal, TD Cowen, Kannan Venkateshwar, — CNBC's Christopher Hayes Organizations: CNBC, UnitedHealth, Pharmaceutical, Morgan Stanley Wealth Management, Humira, Barclays, Mobile

☆ This industry is defying America’s slowing job market
▼ + stars: | 2024-08-10 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Enter America’s top job creator: The mighty health care industry. Demand for health care workers remains red hot, according to recent government data on job openings. In June, the health care and social assistance industry had the highest seasonally adjusted job openings rate of any industry, at 7.6%, well above the total rate across the job market of 5.5% that month. That has translated into fatter paychecks for health care workers compared to the general private sector. “Virtually every nurse or health care tech in the country has a job,” Girard said.

Persons: Washington CNN —, there’s, ”, Julia Pollak, ZipRecruiter’s, ” David Mafe, Mafe, it’s, “ We’ve, ” Mafe, “ We’re, Sebastien Girard, Girard, ” Girard, “, Pollak, ” Pollak, “ She’s, She’s Organizations: Washington CNN, Employers, Labor Department, CNN, “, Novant Health Locations: UCHealth, Denver, North Carolina, “, California

☆ Disney and this AI stock are among the most oversold stocks this week and could be due for a bounce
▼ + stars: | 2024-08-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

With this in mind, CNBC Pro screened for the most overbought and oversold stocks on the Street, as measured by their 14-day relative strength index, or RSI. Alternatively, stocks are viewed as oversold with an RSI below 30, which suggests a possible buying opportunity. While shares are slightly positive on the week, up nearly 1%, the stock has tumbled 10% in 2024. TTWO YTD mountain Take-Two Interactive Software, year-to-date Other stocks that made the oversold group are artificial intelligence infrastructure play Super Micro Computer and Ulta Beauty . The stock closed out the week nearly 25% higher and is up more than 41% this year.

Persons: Stocks, Hugh Johnston, Mars, Lockheed Martin, Northrop Grumman Organizations: Federal Reserve, Nasdaq, Dow Jones Industrial, CNBC Pro, Disney, Software, Lockheed, RBC Locations: U.S

☆ Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical
▼ + stars: | 2024-08-10 | by ( Kenneth Squire | ) www.cnbc.com time to read: +9 min

Activist Commentary: Oasis Management is a global hedge fund management firm headquartered in Hong Kong with additional offices in Tokyo and Austin, Texas, as well as the Cayman Islands. Kobayashi Pharmaceutical is a Japan-based pharmaceuticals and consumer products company. It would imbue the company with a sense of urgency to improve operational performance, corporate governance and shareholder value maximization. But that is also a long shot, even at a company with corporate governance issues as we have here. The firm is a top-tier Japan shareholder activist and if anyone can get board seats in Japan, it is Oasis.

Persons: Seth Fischer, Oasis, Kobayashi, Akihiro Kobayashi, Kazumasa Kobayashi, Satoshi Yamane, Ken Squire Organizations: Kobayashi Pharmaceutical, Business, Company, Oasis Management, Oasis, Ain Holdings, Kobayashi's, Tsuruha Holdings, Kao Corp, Taisho Pharmaceutical Holdings, 13D Locations: Japan, Hong Kong, Tokyo, Austin , Texas, Cayman Islands, Asia, Europe, Kobayashi, Hokuetsu, Ain

☆ Markets just had the most volatile week since the pandemic outbreak — What we learned
▼ + stars: | 2024-08-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

A wild week of trading on Wall Street ended with the S & P 500 back roughly where it started, but the lessons learned by whipsawed investors over those five days could determine what happens next. The S & P 500 had its worst day since 2022 on Monday, and then its best since 2022 on Thursday. But with the S & P 500 ending the week down less than 0.1% in a calm session on Friday, the market seems to have stabilized. .SPX 5D mountain The S & P 500 finished the week nearly flat. And I think that has to do with investors really being a little bit skeptical about some of this equity market volatility."

Persons: Tim Hayes, Ned Davis, Gennadiy Goldberg, didn't, Jeremy Schwartz, Peter Berezin, aren't, Wellington, Frank Gretz, RJ O'Brien, Tom Fitzpatrick, Fitzpatrick Organizations: Wall, Treasury, Ned, Ned Davis Research, TD Securities, CNBC, Japan —, Nikkei, Bank of Japan, BCA Research, Wellington Shields, Associates Locations: Japan

☆ A top 1% fund manager over the last 15 years warns a selling spiral threatens to sink the market — and shares 4 stocks he's betting on to capitalize on the turmoil
▼ + stars: | 2024-08-10 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Yes, the S&P 500 is just off of all-time highs following a 36% percent rally from October to July. Major stock prices begin to perform poorly, which drags down the S&P 500 Index, which in turn causes the selling of the index. The index selling puts a drag on the largest-cap stocks, which adds more legs to the index selling." The S&P 500 is up 49% since late 2022 as bears have continued to warn of downside. AdvertisementSecond, lower interest rates would spark demand and could cause inflation to resurface, which would be good for oil stocks, Smead said.

Persons: —, Smead doesn't, Smead, Warren, We're, Dow, Jeremy Grantham, John Hussman, Stocks, LEN Organizations: Service, Business, Morningstar, Smead, Bank of America, Technology, Fund, Federal, Fed, DR, Occidental Petroleum, Apache

Mortgage rates fell dramatically this week, with 30-year mortgage rates even briefly dipping below 6% for the first time since early 2023, according to Zillow data. This should remove a lot of the upward pressure off of mortgage rates and allow them to ease. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. As inflation slows and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates are expected to drop.

Persons: they've, Fannie Mae Organizations: Treasury, Federal Reserve, Zillow, Mortgage, Association, ARM Locations: Chevron

The S&P 500 advanced 0.47% to finish at 5,344.16. This week marked the most volatile week of 2024 for the market. The Dow on Monday tumbled 1,000 points, while the S&P 500 lost 3% for its worst day since 2022. At the Monday lows, the S&P 500 was down nearly 10% from its recent all-time high. It is not just equity markets that have had a volatile week.

Persons: Stocks, Spencer Platt, Jay Hatfield, ” Hatfield Organizations: Nasdaq, Dow Jones, Dow, Federal Reserve, New York Stock Exchange, Wall, Treasury, Capital Locations: U.S, unwind, Hatfield, “

☆ China's consumer prices pick up more than expected in July, up by 0.5%
▼ + stars: | 2024-08-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's consumer prices rose by a more-than-expected 0.5% in July from a year ago, boosted by a surge in pork prices, according to data from the National Bureau of Statistics released Friday. Analysts polled by Reuters had expected a slight pickup in the consumer price index to 0.3% in July from a year ago, versus 0.2% in June. Prices of pork, a widely consumed food staple in China, surged by 20.4% year-on-year in July. Pork prices play a significant role in China's consumer price index, but can be prone to large swings due to disease or other factors affecting production. Core CPI, which strips out food and energy prices, rose by 0.4% year-on-year in July.

Persons: That's Organizations: National Bureau of Statistics, Reuters, CPI Locations: Beijing, BEIJING, China

☆ Bank of America's stocks to help you sleep at night after wild week
▼ + stars: | 2024-08-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Bank of America is offering up a selection of stocks to help investors sleep soundly during bouts of market volatility. The picks come on the heels of a roller-coaster week for Wall Street. Here are some of the companies that made the list: Several consumer staples stocks showed up, with the S & P 500 sector up more than 11% this year. PG 1M mountain Shares over the last month Lockheed Martin was another low-beta stock that made the cut. Shares of the aerospace and defense company have rallied more than 21%, outperforming the market year to date.

Persons: Stocks, Savita Subramanian, Gamble, Lockheed Martin Organizations: of America, Wall, Bank of America, Walmart, PepsiCo, Procter, Starbucks, Elliott Management, T Bank, Home Depot, Cisco Systems, Consolidated Edison, New Locations: U.S, China, New York

☆ An options strategy that will win during a market comeback, while withstanding more volatility
▼ + stars: | 2024-08-09 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The massive resurgence in volatility (as measured by the Cboe Volatility Index - VIX ) has revealed market vulnerability coupled with significant uncertainty. With the VIX hitting a multi-year high of 65 this week, elevated options premiums offer higher risk/reward scenarios. .VIX YTD mountain Cboe Volatility Index, YTD The VIX, also known as Wall Street's "fear gauge", vaulted above 60 earlier this week, the highest since pandemic induced volatility back in March 2020. In the event you disagree with my bullish view, feel free to take the other side of this trade. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Lehman Organizations: Lehman Brothers, CNBC, NBC UNIVERSAL

☆ Eli Lilly's earnings rally is not done yet — plus, why TJX has stayed resilient in the volatility
▼ + stars: | 2024-08-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 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. It's a big one for retail with earnings from Home Depot and Walmart and, more broadly, the Commerce Department's July retail sales report. 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, Eli Lilly, Cowen, TJ Maxx, we'll, Jim Cramer's, Jim Organizations: CNBC, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Management, Home Depot, Walmart, Commerce, TJX, Reserve, Jim Cramer's Charitable Locations: Marshall's

☆ Wall Street will get key insight on the consumer, inflation in the week ahead as recession fears swirl
▼ + stars: | 2024-08-09 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The wildest week of 2024 has investors bracing for more volatility in the week ahead, with key insight on the consumer and inflation coming at a time when recession fears are top of mind. Inflation, labor data Next week's inflation data could get less attention than it has over the past year when the Fed's fight against pricing pressures put inflation reports on center stage. Recently, it's been the labor market getting the most attention. "The market's caring much more about about labor markets and growth, than they do inflation right now," Ladner said. Week ahead calendar All times ET Monday, Aug. 12 2 p.m. Treasury Budget (July) Tuesday, Aug. 13 8:30 a.m. Producer Price Index (July) Earnings: Home Depot Wednesday, Aug. 14 8:30 a.m. Consumer Price Index (July) 8:30 a.m.

Persons: Scott Ladner, it's, Ladner, —, Strategas, Ryan Grabinski, RJ Assaly, Jeremy Siegel, Chen Zhao, Zhao, Price Organizations: Federal, Walmart, Home, Horizon Investments, Bank of Japan, Wharton, Fed, UBS, Investments, Treasury Budget, Price, Philadelphia Fed, Retail, Manufacturing, Materials, Tapestry, Deere, Co, Housing Locations: U.S, NAHB, Michigan

LONDON — European stocks closed higher on Friday as global equity markets looked to rebuild from the recent sell-off. Global markets have been volatile this week as they have tried to shake off Monday's rout. The initial sell-off was in part triggered by separate U.S. jobs data last week coming in weaker than expected. Both moves have led analysts to caution that markets may have outsize reactions to data releases and central bank commentary through August — typically a volatile month for stocks. Asia-Pacific markets were mostly higher on Friday.

Persons: — Organizations: City of, LONDON Locations: City, City of London, U.S, Asia, Pacific

☆ A key stock underperformed the market comeback this week
▼ + stars: | 2024-08-09 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Chipmaking giant Nvidia failed to move up from its losses earlier this week even as the S & P 500 broadly recovered. The iShares Semiconductor ETF (SOXX) managed to finish the week up 2.4%. Bank of America analyst Vivek Arya said despite Nvidia's recent stock losses, the fundamentals remain strong and its valuation is competitive. The iShares Semiconductor ETF (SOXX) managed to finish the week up 2.4%. Stock Chart Icon Stock chart icon Nvidia versus the SOXX ETF over the past week

Persons: Blackwell, Vivek Arya, Arya, CNBC's Organizations: Nvidia, iShares Semiconductor, Bank of America

☆ Goldman sees nothing 'sinister' ahead like past times market volatility reached these kinds of levels
▼ + stars: | 2024-08-09 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Global markets reached levels of turbulence rarely seen this week, but traders at Goldman Sachs are unfazed and don't believe it is a sign of a big danger lurking. The S & P 500 and Dow Jones Industrial Average on Monday suffered their biggest one-day declines since 2022. The market then roared back with the S & P 500 posting its biggest gain since 2022 on Thursday. After the late-week comeback, the S & P 500 is only down for the week by about half a percent. .VIX 5D bar Wild week for VIX Goldman traders expect gains going forward, but they see the path higher as a "choppy" one.

Persons: Goldman Sachs, Wall Street's, Goldman, VIX Goldman, Morgan Stanley, Eli Lilly, LLY Organizations: Goldman, Dow Jones, Monday, JPMorgan, pharma

Average 30-year mortgage rates dropped 26 basis points to 6.47%, their lowest level since May 2023, according to Freddie Mac. If today's mortgage rates are lower than the rate you're currently paying, refinancing could be worth it. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. Now that inflation has decelerated and a Fed cut is looking more likely, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: Freddie Mac, Sam Khater, Freddie Mac's, you'll, Fannie Mae Organizations: Zillow, Mortgage, Association, Sky Locations: Chevron

☆ Markets saw a massive shift this week. Here’s what happened
▼ + stars: | 2024-08-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —After a prolonged period of calm, financial markets went into a tailspin this week. One trigger for the selloff was the unraveling of the Japanese yen carry trade. Some investors say there could be more volatility to come, particularly since it’s unclear how much more the yen carry trade could unwind. The carry trade is “enormous. The unwinding of the carry trade and weak labor data came at a delicate time rife with uncertainty for Wall Street.

Persons: Wharton, Jeremy Siegel, Siegel, ”, Steve Sosnick, Joe Biden, Donald Trump, Dow, Liz Young Thomas Organizations: New, New York CNN, Nikkei, Dow, Nasdaq, Bank of Japan, Companies, Federal Reserve, Investors, CNBC, Interactive Brokers, Markets, Republican, Home Depot, Walmart Locations: New York, Israel, Ukraine, Russia

☆ A guide to the wild week of trading, from Monday's 'flash crash' to the yen to the volatility spike
▼ + stars: | 2024-08-08 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

.VIX YTD mountain Cboe Volatility Index in 2024 That is literally what the VIX measures: expectations for volatility over the next 30 days. Was Monday a 'flash crash'? A "flash crash" is a sudden and severe price drop that lasts for a very short period, usually a few hours. "It appears that the sell-off of August 5th qualified as a flash crash, although it was rather modest by historical standards," he told me. During the 1987 flash crash, Higgins said an investor was trying to orchestrate trades on the phone while he was preparing to go to his relative's funeral.

Persons: Jamie Dimon, Alec Young, haven't, Mark Higgins, Higgins Organizations: Bank of Japan, Yen Trust, JPMorgan Chase, Fund, Dow Jones Locations: Japan, backwardation

On Thursday, investors in Asia will assess trade data from Japan and interest rate decision from the Reserve Bank of India. Global equities and currencies plunged earlier this week after the Bank of Japan hiked interest rates to their highest levels since 2008, and the U.S. released weaker-than-expected employment numbers. Asia-Pacific markets were mostly down in choppy trading on Thursday after U.S. stock benchmarks fell overnight, while investors assessed trade data from Japan and awaited India's rate decision. "Assuming that the price stability target will be achieved in the second half of fiscal 2025, the Bank should raise the policy interest rate to the level of the neutral interest rate toward that time," the summary read. Japanese technology investor SoftBank Group said in a statement on Wednesday that it would buy back up to 500 billion yen ($3.4 billion) of its shares as part of its efforts to boost shareholder returns.

Persons: Shinichi Uchida, Lasertec, Korea's Kospi Organizations: Reuters, The Reserve Bank of, Reserve Bank of India, Global, Bank of Japan, Dow Jones, Nasdaq, Nvidia, Nikkei, Bank, SoftBank, Semiconductor, Isuzu Motors, China's CSI, Cathay, Hong Kong's, Airbus Locations: The Reserve Bank of India, Asia, Japan, U.S, Pacific, Hong, Cathay Pacific

☆ Mortgage rates plunge to lowest level in more than a year
▼ + stars: | 2024-08-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington CNN —US mortgage rates plummeted this week after weaker-than-expected employment data raised the odds of the Federal Reserve cutting interest rates next month. The standard 30-year fixed-rate mortgage averaged 6.47% this week, mortgage financing giant Freddie Mac said Thursday. Mortgage rates have steadily fallen over the past several weeks since reaching a 2024 peak of 7.22% in early May. Mortgage rates track the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s decision on interest rates. Lower mortgage rates and a bigger housing stock will eventually entice more buyers to eventually enter the market.

Persons: Freddie Mac, That’s, ”, Sam Khater, Freddie Mac’s, “ Homebuyers, ” Lawrence Yun, Lisa Sturtevant, “ Organizations: Washington CNN, Federal Reserve, Las, P Global, Harvard Joint Center for Housing Studies, CNN, Treasury, National Association of Realtors, Fed, NAR, “, Bright MLS Locations: New York, San Diego, Las Vegas, Tampa, Denver, Minneapolis, United States

☆ Dow closes nearly 700 points higher after latest jobless data brings better news for America’s labor market
▼ + stars: | 2024-08-08 | by ( Lucy Bayly | ) edition.cnn.com time to read: +2 min

New York CNN —US stocks surged Thursday after new data on the labor market suggested that the economy may not be headed into the downward spiral that traders feared. First-time claims for unemployment benefits fell last week to 233,000 from the prior week’s upwardly revised total of 250,000, according to Department of Labor data released Thursday. “Anything in that range tends to suggest a fairly healthy labor market,” wrote economist Joseph Brusuelas on X Thursday morning. Weekly jobless claims data can be highly volatile and is frequently revised. Fears of a downturnThe latest jobs numbers come as Wall Street attempts to bounce back from a market plunge that was mostly triggered by the weaker-than-expected July jobs report.

Persons: ”, Joseph Brusuelas, Chris Larkin, ” Larkin Organizations: New, New York CNN, Dow, Nasdaq, of Labor, of Labor Statistics Locations: New York

☆ Siemens earnings beat estimates on strong demand for electrification, software
▼ + stars: | 2024-08-08 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

15 November 2023, Bavaria, Munich: Flags with the word "Siemens" in front of the company's headquarters. Comparable orders meanwhile declined 15% from the same quarter a year ago, hitting 19.8 billion, Siemens said. Siemens CEO Roland Busch told CNBC on Thursday that the company's performance during the quarter was "very, very strong." The company attributed its growth in the third quarter to strong demand in its electrification and industrial software businesses, but noted the automation business remained "challenging." There was an "exceptionally high order growth in the software business driven by a number of large contract wins for licensed software," the company said, with profitability growth more than offsetting a profit decline in automation.

Persons: Karl, Josef Hildenbrand, Roland Busch Organizations: Siemens, Getty Images, CNBC, Smart Infrastructure Locations: Bavaria, Munich, London

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