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☆ Bank of England's rate cut is on a knife-edge even with inflation on target
▼ + stars: | 2024-07-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Market pricing on Wednesday morning suggested a 60% probability of a rate cut at the BOE's Aug. 1 meeting. That is far less conviction than traders had before the European Central Bank enacted its own rate cut at the start of June; while pricing for the U.S. Federal Reserve to cut for the first time in this cycle in September has hit 100%. watch nowIn both May and June, seven MPC members voted to hold, as two voted to cut by 25 basis points. Headline U.K. inflation spiked higher than in the U.S. and euro zone over the last two years, but has also cooled more quickly. "I would rather hold rates until there is more certainty that underlying inflationary pressures have subsided sustainably," Haskel said.

Persons: Mike Kemp, BOE, Jonathan Haskel —, —, Haskel Organizations: of England, Bank of England's, European Central Bank, U.S . Federal Reserve, MPC Locations: City of London, U.S, BOE, U.K

☆ Stocks making the biggest moves after hours: Microsoft, Arista Networks, Advanced Micro Devices, Starbucks and more
▼ + stars: | 2024-07-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Arista Networks — The computer networking company added nearly 3% after beating Wall Street expectations on both lines in the second quarter. Arista posted adjusted earnings of $2.10 per share on $1.69 billion in revenue, while analysts polled by LSEG predicted $1.95 in earnings per share and $1.65 billion in revenue. Pinterest issued disappointing guidance for third-quarter revenue, giving a range of $885 million to $900 million and missing analysts' expectations. In its fiscal third quarter, Starbucks posted adjusted earnings of 93 cents per share, meeting expectations of analysts polled by LSEG. In the fiscal third quarter, Skyworks' adjusted earnings came in at $1.21 per share, in line with analysts' expectations, per LSEG.

Persons: LSEG, Pinterest, Mondelez, —, Darla Mercado, Jesse Pound, Pia Singh, Sarah Min Organizations: Microsoft, AMD, Arista Networks, Arista, Starbucks, LSEG, Revenue, Caesars Entertainment, Caesars, Western Union, FactSet, Entertainment, Ticketmaster, LSEG . Revenue Locations: Informatica, FactSet .

☆ Nvidia stock's recent decline may present a buying opportunity for some investors
▼ + stars: | 2024-07-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. If he can do this "he's got a good stock," Cramer said. 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, Stanley Black, It's, Cramer, Jim, Laxman Narasimhan's, he's, Elliot Management, Jim Cramer's Organizations: CNBC, Decker, Procter, Gamble, SWK, Nvidia, Meta, Microsoft, Starbucks

☆ AMD says data center sales more than doubled in a year
▼ + stars: | 2024-07-30 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

AMD shares are down about 6% in 2024, even though the company is the second-largest vendor of data center GPUs after Nvidia . Investors want to see AMD take market share away from its longtime rival Nvidia with its MI300X AI chip and signal growth in its data center AI business. Earlier this year, AMD said it expected $4 billion in AI chips sales this year, or about 15% of the company's expected sales. AMD AI chip sales are reported in the company's Data Center segment, which grew 115% year-over-year to $2.8 billion, driven by an increase in AI GPU shipments, AMD said. Sales for PCs are reported in the company's Client segment, which rose 49% year-over-year to $1.5 billion, versus expectations of $1.43 billion from Street Account.

Persons: Lisa Su, Ryan Patel, Travis P, Su Organizations: SXSW, Austin Convention Center, Getty, Devices, AMD, Nvidia, company's, Data Locations: Austin , Texas

☆ AMD jumps on earnings report that validates our decision to reinvest in the stock
▼ + stars: | 2024-07-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

AMD sold off on its first-quarter earnings report due in large part to its MI300 sales guidance falling short of sky-high expectations. Nvidia remains the dominant player in AI chips, but AMD is continuing to carve out a lane in the rapidly expanding market. Among the highlights, Su said Microsoft has expanded its use of the AI chips for certain software applications, including messaging app Teams. AMD's data center business is now nearly 50% of companywide revenues, up from 37% in the fourth quarter of 2023. Within data center, sales of both AI chips and traditional server chips will grow in the third quarter, Su said.

Persons: Lisa Su, Su, Jim Cramer, it's, —, FactSet, Jim Cramer's, Jim, Cheng Organizations: Revenue, AMD, Intel, Nvidia, Broadcom, Club, Microsoft, CNBC, Micro Devices, Afp, Getty Locations: Taipei

☆ Traders expect a monster 18% move in Carvana post earnings this week. How to play it
▼ + stars: | 2024-07-29 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

It reports earnings this week and traders are expecting a monster move. Customers can browse a large inventory of used vehicles on Carvana's website, complete with detailed photos, 360-degree views, and vehicle history reports. Their model eliminates most of the negative associations of used car dealers by offering convenience, transparency, and a hassle-free car buying experience without the used car salesman. The company's stock fell more than 80% from February 2020 in the pandemic plunge before rallying 1600% on record used car margins caused by supply constraints due to pandemic shutdowns. CVNA YTD mountain Carvana (YTD) Carvana will report earnings this coming Wednesday after the bell and the 18% earnings-related implied move ranks near the top of the Russell 1000 companies regarding earnings volatility.

Persons: Carvana, Russell, I'm Organizations: Carvana, Machines, CNBC, NBC UNIVERSAL

☆ U.S. airlines cut growth plans in a bid to stem profit-eating fare discounts
▼ + stars: | 2024-07-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

U.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic market that has led to lower fares and reduced profits despite strong summer travel demand. Airlines now expect to grow flying about 4% year over year during the final three months of the year. U.S. airline executives have noted strong demand but a U.S. domestic market that's awash in flights, forcing them to dial back growth plans, which could drive up fares. Reducing capacity could drive up fares for consumers and boost airlines' bottom lines, if travel demand holds up. Getting fares in the market that are profitable to airlines but palatable to consumers is crucial for the industry as consumers have pulled back on spending in other areas.

Persons: Michael Linenberg Organizations: United, JetBlue, Delta, Laguardia Airport, Deutsche Bank, Sunday . Airlines Locations: Queens, New York City . U.S, U.S

☆ Activist Trian has a few levers to pull to build shareholder value at Solventum
▼ + stars: | 2024-07-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Business: Solventum , formerly known as 3M Health Care, is a global health-care company that was spun out from 3M on April 1 . As a standalone company, Solventum has been under-covered and misunderstood by the market. There is also no shortage of examples of Trian being a valuable corporate governance-oriented investor and creating tremendous shareholder value from the board level. While Trian has a history of being an active shareholder, the firm has also created tremendous shareholder value as an engaged director. Moreover, if there is an opportunity to divest one or more businesses, shareholders would have comfort with a financially astute shareholder representative on the board to evaluate competing offers to assure the maximization of shareholder value.

Persons: Trian, Nelson Peltz, Peltz, Solventum, Pepper, Ingersoll Rand's, Russell, Ken Squire Organizations: Health, 3M, What's, Bloomberg, Dental Solutions, Information Systems, Electric plc, Kraft Foods, Dow, General Electric, GE, GE HealthCare, GE HealthCare Technologies, 13D Locations: Solventum

It's also looking increasingly likely that mortgage rates will drop even further in the coming months. As inflation continues to slow and the Fed is able to start lowering the federal funds rate, mortgage rates should trend down. This will remove some of the upward pressure off of mortgage rates and allow them to fall a bit. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-Year Fixed Mortgage Rates Inch Up (+0.08%)The current average 30-year fixed mortgage rate is 6.38%, up eight basis points from where it was this time last week, according to Zillow data.

Persons: It's, you'll, refinance, they've Organizations: Commerce Department, Federal, Zillow, FHA Locations: Chevron

GLD 5Y mountain GLD The SPDR Gold Shares ETF is the world's largest, with BlackRock's iShares Gold Trust and iShares Physical Gold ETC the second and third, respectively. Other top physical gold ETFs include the Borse Commodities GmbH Xetra-Gold and the SPDR Gold MiniShares Trust . Gold mining ETFs Buying gold mining ETFs — which own shares of multiple gold mining companies — is another way to get exposure to gold, and Meyer described those backed by large banks as "relatively safe," in an email to CNBC. "Even though gold equities respond to changes in gold price, the degree of that response has deteriorated over time," he said, adding that the risks and costs of gold extraction can weigh on miners. A selection of gold bars and one-ounce gold coins at Gold Investments Ltd. bullion dealers in London, UK, on Tuesday, May 21, 2024.

Persons: Tom Price, Price, Berenberg, Robin Bhar, Amy Arnott, John Meyer, Colin Hamilton, BlackRock's, Meyer, Barrick Gold Panmure Liberum, George Milling, Stanley, they're, Morningstar's Arnott, Bhar, Chris Ratcliffe Organizations: CNBC, Panmure, Bank of America, Citi, UBS, Gold, Morningstar, SP, CNBC Pro, Royal Mint, BMO Capital Markets, Borse Commodities, MiniShares, Gold Miners ETF, Miners, Barrick, Resolute Mining, Hochschild, Caledonia Mining, Barrick Gold Panmure, Endeavour Mining, Endeavour, Pan, Resources, State Street Global Advisors, Gold Investments, Bloomberg, Getty Locations: Panmure Liberum, U.S . New York, United States, U.S, Hochschild Mining, Zimbabwe, London, West Africa, Berenberg

☆ An ugly earnings report from a competitor is good news for Abbott Labs
▼ + stars: | 2024-07-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. In the wreckage of Dexcom 's second-quarter earnings report, there's good news for Club holding Abbott Laboratories . 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, Stocks, Stanley Black, Decker, Abbott, Dexcom, salesforce, Jim Cramer's, ABT, DOV, Jim Organizations: CNBC, Dow Jones, Nasdaq, Federal, U.S, Club, Abbott Laboratories, Dover, Mizuho Securities Locations: Dover

Here's what fans need to know about how to buy 2024 Outside Lands tickets, from original tickets to verified retailers, including StubHub and VividSeats. Outside Lands Music Festival 2024 scheduleOutside Lands is a three-day event in Golden Gate Park, San Francisco. How to buy tickets for Outside Lands 2024Festival goers can visit Outside Lands with either a single-day ticket or a three-day pass. How much are Outside Lands Music Festival tickets? Who is performing at the Outside Lands Music Festival?

Persons: Sabrina Carpenter, Sturgill Simpson, Post Malone, Grace Jones, Chappell Roan, Idris Elba, Victoria Monét, Dolores, Daniel Caesar, Reneé Rapp, Knock2, Kevin, Shiba, Freyr, Joe Kay, Jared Jackson, Darius, Shaboozey, Rocco, Kasablanca, Marsh, Billy Woods, Rochelle Jordan, Odie Leigh, Yulia Niko, Miles, Valencia Grace, Jackie Hollander, Chris Lake, Schoolboy Q, Fletcher, Charley Crockett, Madonna, Romy, STRFKR, Allen Stone, Tsha, Ryan Beatty, Sofia Kourtesis, Mimi Webb, Kaleena, Anish Kumar, Lady Wray, Chuck Gunn, Kaytranada, Teddy, Victoria Monét, Slowdive, Mike, Ben Howard, Paul Cauthen, Seth Troxler, Uncle Waffles, Corinne Bailey Rae, Elyanna, Chance Peña, Jaden Thompson, Katie Pruitt, OGI, Dan SPencer, Lael Neale Organizations: Business, Planet Entertainment, Postal Service, Party, Gate, Golden, Purchasing, Shiba San, CID, The Postal Service, Channel Tres, Amyl, AG Club, TV Locations: Francisco, San Francisco ., Tyla, Slowdive, San Francisco, Real, K.Flay, Roosevelt, CMAT

☆ UK Finance Minister Rachel Reeves pledges most 'pro-growth, pro-business' government the country has seen
▼ + stars: | 2024-07-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

"I will work with business to make sure we're doing all we can to bring wealth creation, to bring business investment to the U.K. economy," she added. "This is going to be the most pro-growth, pro-business Treasury that this country has ever seen," Reeves told CNBC's Steve Sedgwick via remote interview. LONDON — U.K. Finance Minister Rachel Reeves said Friday that the new Labour government would be the most pro-growth and pro-business the country has seen. We need to attract business investment to be able to do that." However, the chancellor has a fine balance to tread given pledges from her party to also boost national investment and public sector pay.

Persons: Reeves, CNBC's Steve Sedgwick, Rachel Reeves, I'm, Keir Starmer, Starmer Organizations: Treasury, CNBC, LONDON, Finance, Labour, Conservative Locations: Rio de Janeiro, Brazil, Britain

☆ Jeep, Dodge-maker Stellantis reports 48% drop in first-half net profit on weak U.S. sales
▼ + stars: | 2024-07-25 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Auto giant Stellantis on Thursday reported a steep drop in first-half net profit, citing reduced volumes, temporary production gaps and lower market share in North America. The company, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, reported first-half net profit of 5.6 billion euros ($6.07 billion), down 48% from the same period of 2023. Stellantis' adjusted operating income for the first six months of 2024 came in at 8.5 billion euros, down 5.7 billion euros on the year, primarily due to decreases in North America. For its part, Stellantis posted first-half net revenues of 85 billion euros, down 14% compared to the same period a year earlier. Of the 20 new product launches planned for 2024, Stellantis said 10 had already started production in the first six months of the year.

Persons: Ram, Stellantis, Carlos Tavares, Wall Organizations: Dodge Chrysler, Auto, Dodge, Fiat, Chrysler, Peugeot, U.S, General Motors, Ford Motor, GM, Ford Locations: Miami , Florida, North America

☆ Stocks making the biggest moves midday: Ford, Viking Therapeutics, ServiceNow and more
▼ + stars: | 2024-07-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

Ford posted adjusted earnings per share of 47 cents compared to the consensus forecast of 68 cents, according to LSEG. Edwards also reported second-quarter adjusted earnings of 70 cents a share, a penny above expectations, per LSEG. Honeywell — Shares moved more than 4% lower after the industrial giant's full-year outlook missed analysts' expectations. According to LSEG, analysts were expecting earnings to come in at $2.20 per share on $15.62 billion in revenue. Northrop Grumman — The defense stock climbed more than 5% after the company beat second-quarter earnings expectations.

Persons: Ford, Molina, FactSet, Edwards Lifesciences, Edwards, CJ Desai, LSEG, RTX, AbbVie, Northrop Grumman, —, Alex Harring, Yun Li, Pia Singh, Hakyung Kim, Jesse Pound Organizations: Ford, Viking Therapeutics, U.S . Army . American Airlines, American Airlines, Honeywell —, Southwest Airlines —, Southwest, Citi, Hasbro, Revenue, Machines, Business Machines, Nasdaq

☆ The tough US housing market is hurting sales of big-ticket home appliances, Whirlpool says
▼ + stars: | 2024-07-25 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +1 min

A tough US housing market is weighing on sales of pricey home appliances. Appliance maker Whirlpool slashed guidance in its recent earnings release, citing weak housing market activity. AdvertisementThe US housing market is tough for buyers, and the slowdown in sales activity means Americans are spending a lot less on big, pricey appliances these days. In its latest earnings, Whirlpool cut its full-year outlook, adjusting annual earnings guidance to $12 a share, down from a range of $13-$15 as sales of big-ticket items slow. Whirlpool's North American major appliance sales fell 5.7% year-over-year, hurting earnings even as the segment's sales in Latin America and Asia grew by 11.3% and 19.7%, respectively.

Persons: — Organizations: Whirlpool, Service, Business Locations: American, America, Asia

☆ 3 dividend-paying stocks with attractive charts as broader market struggles
▼ + stars: | 2024-07-25 | by ( David Keller | ) www.cnbc.com time to read: +4 min

A subsequent pullback saw the price bounce off that breakout level, which also lined up with the 50-day moving average. This is a sector full of low-volatility, high yielding stocks that have often provided downside protection in down market phases. ES just broke to a new three-month high this week, and the stock features a dividend yield around 4.5%. When the broad market averages take a bearish turn, equity investors are often best served by getting defensive. These three stocks feature improving technical profiles, along with dividend yields well above the average for the S & P 500.

Persons: Philip Morris, BTI, Eversource, we've, David Keller Organizations: American Tobacco PLC, Eversource Energy, Eversource, Nasdaq, CMT, CNBC, NBC UNIVERSAL Locations: U.S, British American

☆ Stocks making the biggest moves premarket: American Airlines, Honeywell, RTX, Ford and more
▼ + stars: | 2024-07-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Southwest reported 58 cents in adjusted earnings per share on $7.35 billion of revenue. Analysts surveyed by LSEG were looking for a profit of 51 cents per share on $7.32 billion in revenue. RTX reported $1.41 earnings per share, ex-items, compared to analysts' estimate of $1.30 per share, according to LSEG. KLA reported adjusted earnings of $6.60 per share, higher than analysts' expectations of $6.15 per share, according to LSEG. Ford reported adjusted earnings per share of 47 cents, significantly less than the consensus forecast of 68 cents, per LSEG.

Persons: oversupply, overshadowing, AbbVie, Dow, LSEG, Northrop Grumman, Dr Pepper, ServiceNow, CJ Desai, Molina, FactSet, Edwards, Ford, —, Yun Li, Jesse Pound, Christina Cheddar Berk, Fred Imbert Organizations: Airlines —, American Airlines, Honeywell —, Southwest Airlines —, Hasbro, IBM, Northrop, LSEG, Nasdaq, KLA Corporation, U.S . Army, Molina Healthcare, Technology, Ford, Viking Therapeutics Locations: LSEG

☆ Want to cash in on emerging markets? Buy these ETFs, portfolio manager says
▼ + stars: | 2024-07-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Interest in emerging markets has been growing and investors are now looking out for sectors and stocks best placed to benefit. "Emerging markets are too important to ignore," says Malcolm Dorson, a senior portfolio manager at the U.S.-headquartered Mirae Asset, which has around $600 billion in assets under management. "Emerging markets have a multi-decade story with significant opportunities. More than 4 billion people live across emerging markets, Dorson noted, adding that each country will have "significant domestic consumption stories [and] long-term opportunities." One of the simplest routes to investing in emerging markets is through exchange-traded funds.

Persons: Malcolm Dorson, Dorson, Javier, Milei Organizations: CNBC Pro, India Active, Global, India, Companies, Infosys, Reliance Industries, Tata Consultancy, U.S . Federal, Brazil Active, Brazil IMI, Argentina IMI, Fitch, IMI Locations: U.S, India, Brazil, Brazilian, FactSet, Argentina, American, Greece, Europe

☆ Chinese EV stocks drop after Tesla's earnings miss, General Motors delays EV plans
▼ + stars: | 2024-07-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

(Photo by Costfoto/NurPhoto via Getty Images)Shares of major Chinese electric vehicle companies dropped Wednesday after U.S. giant Tesla 's earnings fell short of analysts' estimates and General Motors delayed its EV plans. EV hype has been dwindling, as automakers from Tesla to General Motors scale back or delay their EV plans. Tesla shares closed 2.04% lower. Separately, General Motors on Tuesday said it was delaying further a second U.S. electric truck plant and the Buick brand's first EV. Investors were spooked by the pullbacks in growth businesses and General Motors' shares closed 6.42% lower on Tuesday despite solid financial results.

Persons: Tesla, Xpeng, Nio, Li Auto, Elon Musk, Musk Organizations: 21st Changchun International Automobile, Getty, U.S, General Motors, EV, Zhejiang Leapmotor, SAIC, Motors, Buick, Investors Locations: Changchun, Jilin province, China, Hong Kong, BYD, Zhejiang, U.S, Xpeng

☆ IBM shares jump on earnings and revenue beat
▼ + stars: | 2024-07-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

IBM shares rose 5% in extended trading on Wednesday, after the company reported second-quarter results that surpassed analysts' predictions. Earnings per share: $2.43 adjusted vs. $2.20 expected, according to LSEG$2.43 adjusted vs. $2.20 expected, according to LSEG Revenue: $15.77 billion vs. $15.62 billion expected, according to LSEG. Revenue increased 1.9% from $15.48 billion a year ago, IBM said in a statement. IBM said its software business brought in revenue of $6.74 billion, up 7% and more than the StreetAccount consensus of $6.49 billion. That was down 0.9% and below the $5.23 billion StreetAccount consensus.

Persons: Arvind Krishna Organizations: IBM, LSEG Revenue, Revenue, Palo Alto Networks Locations: LSEG, Montreal

☆ Chipotle earnings and revenue top estimates, restaurant traffic rises again
▼ + stars: | 2024-07-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts' expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose about 13% in extended trading before losing most of those gains and settling around 3% higher. The company's same-store sales rose 11.1% in the quarter, topping StreetAccount estimates of 9.2%. Chipotle opened 52 new company-owned locations and one new international licensed restaurant during the quarter. The company reiterated its full-year outlook that same-store sales will grow by a mid- to high-single-digit percentage.

Persons: Chipotle, Brian Niccol, Niccol Organizations: LSEG, Executives, PepsiCo, McDonald's Locations: Texas

☆ Wages have outpaced inflation since 2020 but many consumers still feel burdened by prices
▼ + stars: | 2024-07-24 | by ( John Towfighi | ) www.businessinsider.com time to read: +5 min

Read previewAmerican consumers have been frustrated by high prices over past years, but there's some good news: wages have outpaced inflation since the start of the COVID-19 pandemic. Since 2020, average hourly wages for most US workers have risen faster than the consumer price index, meaning income has maintained its purchasing power against rising prices. While wage gains have outpaced inflation, it can be difficult for consumers to feel the growth, and plenty of people still miss the "good old days" of lower prices. Since spring 2023, year-over-year wage growth for production and nonsupervisory workers has consistently been above inflation. While US consumers adjust to higher prices, strong wage growth should help ease affordability concerns, Krugman wrote.

Persons: —, Sarah Foster, Foster, Paul Krugman, Krugman Organizations: Service, Bureau of Labor Statistics, Business, Michigan Ross, Economic Policy Institute, Federal Reserve, New York Times Locations: jtowfighi@businessinsider.com

☆ Dollar firms as commodities slide and carry unwinds
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +3 min

Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January. The euro held at $1.0848 in Asia trade and sterling , which could rally if PMIs in Britain surprise to the upside and reduce bets on rate cuts, bought $1.2901. Moves in other pairs were even larger, with the euro dropping 1.3% on the yen overnight and hitting a five-week low of 168.79 yen in Asia. Mexico's high-yielding peso dropped 2% on the yen overnight and the Australian dollar is down almost 6% on the yen in two weeks. The Canadian dollar made a six-week low of C$1.3787 per dollar ahead of a central bank meeting later on Wednesday where markets have priced an 84% chance of a 25 basis point rate cut.

Persons: Jason Wong Organizations: Bank of Japan, U.S ., New Zealand Locations: Europe, Asia, Britain, Japan, Wellington, New Zealand, Australia

☆ We're raising our price target on Danaher stock as it sheds a major overhang
▼ + stars: | 2024-07-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

That improvement in the bioprocessing end market is super important because it has been a huge overhang for Danaher shares, and the life sciences space in general. We were concerned about the bioprocessing market after rival Sartorius cut its guidance last week. The management team has effectively navigated the bioprocessing slowdown better than others and kept expectations managed — a big reason we've stuck by the stock during a difficult few quarters. Based on these strong results and the improving bioprocessing market, we are raising our price target to $295 from $280 and reiterating our 1 rating. All three operating segments are expected to post sales decline rates in the low single digits.

Persons: Sartorius, Rainer Blair, Danaher, Blair, Beckman Coulter, Jim Cramer's, Jim Cramer, Jim, Igor Golovnov Organizations: Club, Revenue, LSEG, Management, Diagnostics, Leica, Beckman Coulter Diagnostics, Cepheid, CNBC, Getty Locations: bioprocessing, Danaher, U.S, Europe, China, Bioprocessing

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