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☆ Bitcoin bounces above $43,000, turns positive for 2024
▼ + stars: | 2024-01-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Chesnot | Getty ImagesThe price of bitcoin broke above the $43,000 level on Monday as the cryptocurrency extended its recent gains. Bitcoin has fought back into the green for the year following steep losses after the long-awaited approval of spot bitcoin ETFs. Stock Chart Icon Stock chart icon Bitcoin rises above $43,000 MondayEther rose nearly 2% to $2,301.89. Bitcoin ETFs have been the biggest driver of the cryptocurrency's price action in recent weeks. Outflows from the Grayscale Bitcoin ETF had disappointed some investors, who shook off those worries last week as they appeared to taper off.

Persons: bitcoin, Bitcoin Organizations: Metrics, ADA

☆ Evergrande shares halted after Hong Kong court orders liquidation
▼ + stars: | 2024-01-29 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

watch nowShares of China Evergrande were halted after plunging over 20% in early trading on Monday after a Hong Kong court ruled to liquidate the embattled property developer. It comes against the backdrop of a spiraling debt crisis in the country. China Evergrande, which was once one of the country's largest property developers, has in the last few years been enveloped in Beijing's debt crisis. Containing the contagionPolicymakers in China have been scrambling to stem the debt crisis in the beleaguered property sector. Last week, the People's Bank of China and the Ministry of Finance announced measures to help boost the liquidity available to property developers.

Organizations: Street, People's Bank of China, Ministry of Finance Locations: China, Hong Kong, Beijing

☆ Britney Spears’ 2011 track ‘Selfish’ is charting higher than Justin Timberlake’s new song
▼ + stars: | 2024-01-27 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —In the music world, old grudges die hard, especially when it comes to devoted fans of a specific artist. On Friday, Britney Spears’ 2011 song “Selfish” – off her seventh album “Femme Fatale” from that year – reached no. 1 on the US iTunes chart, topping a new song of the same name from her former boyfriend Justin Timberlake, who dropped his “Selfish” track just the day before. On Saturday, Spears’ song was still holding steady at the no. “To this day, it’s one of the most agonizing things I have ever experienced in my life,” she added in her book.

Persons: Britney Spears, ”, –, Justin Timberlake, Spears, Timberlake, ” reframed, Mickey, “, “ I’ve Organizations: CNN, iTunes, Mickey Mouse Club, New York Times

☆ The future of the American amusement park in a Disney, Universal dominated world of thrills
▼ + stars: | 2024-01-27 | by ( Kevin Williams | ) www.cnbc.com time to read: +14 min

Eric Thayer | Bloomberg | Getty ImagesThe theme park business, like many others, is consolidating and changing along with consumer habits. Coney's closing ended an era for Cincinnati-based theme park consultant Dennis Speigel. And there's an underlying rationale for the deal related to what's occurred on the national theme park landscape in recent decades. watch nowA more consistent ride at Cedar Fair Comparatively, Cedar Fair has seen its attendance decline from 22.9 million visitors in the first nine months of 2019 to 20.9 million in 2023. "Disney and Universal have theme parks in several global markets and are considered destination resorts," Baker said.

Persons: Eric Thayer, Knotts, Looney, Richard Zimmerman, Selim Bassoui, Universal, Dennis Speigel, Speigel, Don Helbig, Helbig, Zimmerman, Bassoul, David Katz, Jeffries, It's, Katz, Salim, Berry, Stifel, Carissa Baker, Baker, Dallas restauranteur Shannon Wynne's, Wynne, Wynne's, Angus, Louis, Texans haven't, hadn't, Elizabeth Ringas, Ringas, it's Organizations: Bloomberg, Getty, Disney, Comcast's, Cedar Fair, Flags, Looney Tunes, Marvel, Cedar, Department of Justice, Fair, Dominion, Universal, Google, Dell, Six, Revenue, Cedar Fair Entertainment, Six Flags Entertainment Corp, Getty Images Bloomberg, SIX, University of Central, SeaWorld, Paramount Parks, Premier Parks for Six, Seaworld, Dallas, Texans, American, Enthusiasts, Comcast, CNBC Locations: Valencia , California, Florida, Cincinnati, Coney Island, York, Coney's, Coney, Kings, Virginia, New York, North America, Buena Park , California, Americas, University of Central Florida, Texas, Dallas, Greater Atlanta, St

☆ These energy stocks may rally after U.S. crude oil prices rose above a key level this week
▼ + stars: | 2024-01-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Occidental Petroleum and Diamondback Energy may be poised to rally after U.S. crude oil prices broke above a key resistance level on Friday, according to the chief market strategist at Miller Tabak. "That paves the way for higher prices," said Bob Yawger, managing director and energy futures strategist at Mizuho Americas. "If crude oil rolls back over, breaks below that level — that's going to tell you that I'm wrong. "And that tells me that if he's buying a stock that's highly leveraged to the price of oil, he believes oil prices are going higher." Just on Friday, Houthi militants claimed responsibility for a missile attack on an oil tanker, while a Ukrainian drone attack on a Russian fuel terminal on the Baltic Sea helped push oil prices higher earlier in the week.

Persons: Miller Tabak, Miller, Matt Maley, Bob Yawger, Yawger, WTI, Maley, It's, Diamondback, Buffett, Warren Buffett, Berkshire Hathaway, Friday's, Houthi Organizations: Occidental Petroleum, Diamondback Energy, West Texas, CNBC, Mizuho Americas, Occidental, Diamondback, United States Oil ETF, Berkshire, Wall Street Locations: Miller Tabak ., China, Occidental, Occidental's, Houston, FactSet, U.S, Russia, Ukraine, Ukrainian, Baltic

☆ Gypsy Rose Blanchard is everywhere. The woman behind her documentary says 'it's my fault.'
▼ + stars: | 2024-01-27 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +14 min

Gypsy Rose Blanchard-Anderson had just been released from a Missouri prison . Now I just say, "Gypsy, have you talked to Mia?" I think Gypsy is getting her footing to become a very strong advocate in the medical community about health, and Munchausen by proxy. I think she's going to bring a lot of change in that area, and I'm excited to watch her do that. "The Prison Confessions of Gypsy Rose Blanchard" is available to stream in the Lifetime app.

Persons: Gypsy Rose Blanchard, Anderson, Ryan Anderson, Blanchard, Anderson's, Dee Dee Blanchard, " Blanchard, Melissa Moore, Moore, they've, Keith Jesperson, Rose Blanchard, Erin Carr, it's, she'd, You've, —, It's, That's, Jamie McCarthy, I'm, Kristy, Gypsy Rose, Kristy Blanchard, Mia —, Mia, doctor's Organizations: HBO, Business, Starbucks, Outsiders Locations: Missouri, Blanchard, Chillicothe, Hollywood, Hulu

☆ Shut out of the high-flying Super Six? Here are some entry prices to consider
▼ + stars: | 2024-01-26 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The goal: Determine entry points for investors who don't currently have a position. If you already own shares, consider your cost basis and last buy for entry points. Microsoft Three potential entry points: $380, $365 and $342. Alphabet Three potential entry points: $140, $130 and $120. It doesn't mean we will necessarily upgrade all a stock if it reaches one of the entry points discussed above.

Persons: Apple, that's, MSFT, It's, we're, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Cheng Organizations: Apple, Amazon, Microsoft, Nvidia, Semiconductor, Vision, Jim Cramer's Charitable, CNBC, Nvidia Corp, Bloomberg, Getty Locations: Thursday's, Taipei, Taiwan

☆ Gold could be poised for another record-setting year. This obscure part of the market may see big gains
▼ + stars: | 2024-01-26 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +7 min

Investors betting on another strong year for gold may want to look at an obscure part of the market: gold streaming and royalty companies. "The profitability of the gold companies wasn't keeping pace with the rise in the gold price." MacRury echoed this sentiment, pointing to historical context as a reason he believes gold prices could hurtle towards new highs. "Past easing cycles over the last 20+ years have corresponded with strong gold prices, and we expect to see gold set new record highs in 2024," he wrote. Shares of Royal Gold popped 7% in 2023, but are down more than 10% in the past 12 months.

Persons: Carey MacRury, Adam Rozencwajg, Canaccord's, Rozencwajg, it's, MacRury, Leigh Goehring, Osisko Organizations: Barrick, CNBC, Royal, Miners, Royal Gold, Barrick Gold, Federal Reserve, Franco, Wheaton Precious Metals Locations: Newmont, Franco, Nevada, Brazil, Russia, China, India, Panama, Wheaton, U.S

☆ Bitcoin tries for a winning week as investor worries about GBTC sell pressure subside
▼ + stars: | 2024-01-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin pushed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off. It's on pace, however, to post a nearly 10% decline for the week. If premarket gains hold, Coinbase is is on pace to end the week up 1% for the week. It would mark for its first positive week in five. Bitcoin miner Riot Platforms is set to rise 9% this week and also post its first positive week in five.

Persons: Bitcoin, It's, John Todaro, Nikolaos Panigirtzoglou, — CNBC's Gina Francolla Organizations: Metrics, JPMorgan, U.S, CNBC PRO Locations: GBTC

☆ Cramer's Lightning Round: Constellation Energy is a buy
▼ + stars: | 2024-01-26 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Constellation Energy's year-to-date stock performance. Constellation Energy : "We like those guys so much...All the kin of energy that I like under one roof [buy, buy, buy!]. Stock Chart Icon Stock chart icon Chegg's year-to-date stock performance. Stock Chart Icon Stock chart icon Timken's year-to-date stock performance. Stock Chart Icon Stock chart icon UnitedHealth's year-to-date stock performance.

Organizations: Constellation Energy

☆ Chart of the Day: Intel plunges on weak Q1 guidance
▼ + stars: | 2024-01-26 | 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 EmailChart of the Day: Intel plunges on weak Q1 guidanceJenny Harrington and Josh Brown join CNBC's "Halftime Report" to debate how to trade Intel after earnings. Kristina Partsinevelos breaks down the key takeaways from the call.

Persons: Jenny Harrington, Josh Brown, CNBC's, Kristina Partsinevelos Organizations: Intel

☆ Chart Master: The best and worst charts of the Mag 7
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart Master: The best and worst charts of the Mag 7Carter Worth, Worth Charting, talks the Magnificent 7 stocks with the 'Fast Money' traders.

Persons: Carter Worth

☆ More than 12 million Americans are spending at least half their entire paycheck on rent, Harvard study says
▼ + stars: | 2024-01-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Over 12 million Americans spent more than half their income on rent and utilities in 2022, a Harvard study says. The study, by Harvard's Joint Center for Housing Studies, found a sharp rise in people spending large portions of their pay on rent. AdvertisementAn estimated 12.1 million Americans are spending more than half their income on rent and utilities, a study from Harvard's Joint Center for Housing Studies says. A chart showing the rising number of renters spending more than 50% of their income on rent. AdvertisementAre you a renter who spends a significant portion of your income on rent who would like to share your story?

Persons: — Organizations: Harvard, Harvard's, for Housing Studies, Service, Census Bureau, Joint Center for Housing Studies, Center for Housing Studies of Harvard, Cea Weaver, Justice, New York Times

☆ Only 8 artists have topped the Billboard chart with 10 different albums — here they all are
▼ + stars: | 2024-01-25 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +1 min

The Billboard 200 is the definitive all-genre chart for album sales in the US. Eight acts in Billboard history have topped the chart at least 10 different times. AdvertisementSince its official launch in 1956, the Billboard 200 has tracked best-selling albums in the US. Today, it's still an impressive feat to reign atop the chart, especially with several different albums. This story is available exclusively to Business Insider subscribers.

Persons: Jay, —, it's Organizations: Beatles, Service, Billboard, Business

☆ Cramer's Lightning Round: Buy BlackRock
▼ + stars: | 2024-01-25 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon SolarEdge's year-to-date stock perforamance. Stock Chart Icon Stock chart icon BlackRock's year-to-date stock performance. BlackRock : "I think you buy it. Stock Chart Icon Stock chart icon Axsome Therapeutics' year-to-date stock performance. Stock Chart Icon Stock chart icon HanesBrands' year-to-date stock performance.

Persons: Enphase, they're, Larry Fink, HanesBrands Organizations: BlackRock, Therapeutics, Axsome Therapeutics

☆ This underwater China EV stock is primed for a 'significant rally,' according to options trader
▼ + stars: | 2024-01-24 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

With the Chinese equity markets lagging further behind, China has now launched fiscal and monetary policy to stabilize it. This provides an opportunity for a significant bounce in an oversold and undervalued stock. These types of chart setups can potentially lead to a significant rally over a short period of time. With an outlook that is head and shoulders above its competition, XPEV trades at a relative discount and presents significant upside. The trade When we consider the macro environment in China and the significantly oversold and undervalued stock of XPEV, my preference is to add long exposure with a simple call option.

Persons: XPEV Locations: China, Europe

☆ Despite Supreme Court ruling, Biden has forgiven student debt for millions. Is it enough for voters?
▼ + stars: | 2024-01-24 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden talks to reporters as he departs the White House on June 28, 2023 in Washington, DC. The Supreme Court's conservative majority in June ruled that President Joe Biden didn't have the authority to cancel student debt for millions of Americans. That alternative plan, which has become known as Biden's Plan B, could forgive student debt for as many as 10 million people, according to one estimate. "President Biden has done more to implement student loan forgiveness than any previous president," said higher education expert Mark Kantrowitz. A spokesperson for the White House did not respond to a request for comment.

Persons: Joe Biden, Joe Biden didn't, He's, Biden, cancelation, Mark Kantrowitz Organizations: House, Finance, U.S . Department of Education, White Locations: Washington ,

WASHINGTON (AP) — President Joe Biden will be the keynote speaker Wednesday at a United Auto Workers' political convention as he works to sway blue-collar workers his way in critical auto-making swing states such as Michigan and Wisconsin. But as recently as Monday, UAW President Shawn Fain was restrained in his comments, saying as the conference opened, "We have to make our political leaders stand up with us. She said his appearance should remind union members that Biden is on their side. Rothenberg said a union endorsement is important because polling shows many UAW members are often undecided in the spring before a presidential election. By Election Day, members and UAW retirees usually vote 60% Democratic, said Rothenberg, now a public relations consultant in Columbus, Ohio.

Persons: Joe Biden, Biden, Donald Trump, Shawn Fain, ”, Caroline Loveless, ” Loveless, “, ” William Louis of, Louis, Trump, ” Leo Carrillo, Carrillo, —, Johannah, Slutzky, Fain, Brian Rothenberg, Rothenberg, Stellantis, didn’t, ” Fain, Wheaton, ___ Krisher Organizations: WASHINGTON, United Auto Workers, Biden, UAW, Republican, autoworkers, PRO, U.S . Senate, Israel, Columbia University, Associated Press, Trump, ”, Cornell University, GOP, Democratic Locations: Michigan, Wisconsin, Washington, New Hampshire, Detroit, Waterloo , Iowa, ” William Louis of Groton , Connecticut, Kansas City, Gaza, Belvidere , Illinois, Chicago, Columbus , Ohio

☆ HSBC sees limited stock market gains after record-setting rally, tells investors to wait for a better entry point
▼ + stars: | 2024-01-24 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The stock market may not go much higher for the rest of 2024, according to HSBC. "We expect to see better entry points once the market re-prices rates expectations." That's compared to market expectations of 140 basis points. "That slowing would likely dampen earnings growth expectations and increase recession probabilities." Tech and consumer discretionary sectors should see the highest earnings growth, according to the firm.

Persons: Stocks, Nicole Inui, Inui, Goldman Sachs Organizations: HSBC, Fed, Tech, Stock, Walmart, CVS Health, Procter & Gamble, Mondelez, Industries, Chevron, Citigroup Locations: Howden

☆ Forget the 'Magnificent 7,' these Nasdaq stocks are next in line to lead rally, according to the charts
▼ + stars: | 2024-01-24 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

We know all about the Nasdaq-100 index and the 'Magnificent 7' hype lately, but what about the stocks next in line? Well, the Invesco NASDAQ Next Gen 100 ETF (QQQJ) tracks the next biggest 100 Nasdaq stocks after the Nasdaq 100 – roughly Nasdaq stocks Nos. This isn't a surprise given that tech is the biggest sector in the Nasdaq Composite itself. Most importantly, the top 10 NDX stocks represent nearly 46% of the entire index. In fact, a similar scenario occurred in 2022 that eventually led to QQQJ outperforming NDX later in the year.

Persons: QQQJ, QQQJ outperforming NDX, Frank Cappelleri Organizations: Nasdaq, NASDAQ Locations: QQQJ, Technology

☆ Cramer's Lightning Round: RxSight is 'losing too much money'
▼ + stars: | 2024-01-24 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon U.S. Silica's year-to-date stock performance. Stock Chart Icon Stock chart icon Tetra Tech's year-to-date stock performance. Stock Chart Icon Stock chart icon RxSight's year-to-date stock performance. Stock Chart Icon Stock chart icon Praxis Precision Medicines' year-to-date stock performance. Stock Chart Icon Stock chart icon Getty's year-to-date stock performance.

Persons: they're Organizations: Tetra Tech, Medicines, Precision Medicines

☆ Chart of the Day: Netflix surges on Q4 results
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart of the Day: Netflix surges on Q4 resultsBrian Belski, chief investment strategist at BMO Capital Markets, joins CNBC's 'Halftime Report' to share his take on Netflix's earnings.

Persons: Brian Belski Organizations: Netflix, BMO Capital Markets

☆ Beware these possible earnings blow-ups this reporting season, according to Wolfe Research
▼ + stars: | 2024-01-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

With fourth quarter earnings season in full swing, Wolfe Research released a list of potential stocks that are best left alone. The companies fall into the bottom 20% of their sector earnings quality and are likely to underperform in 2024, according to Wolfe. The company's average earnings quality score for the trailing four quarters came in at 5. Its average earnings quality score for the trailing four quarters amounted to 25. The payments platform earned an earnings quality score of 10 and an average score in the trailing four quarters of 30.

Persons: Wolfe, Chris Senyek, Tesla, Elon Musk, Chewy, Goldman Sachs, Trevor Young, Morgan Stanley, BTIG, Oppenheimer, Dominick Gabriele, — CNBC's Michael Bloom Organizations: Wolfe Research, Tesla, Argos Holdings, Barclays, PayPal, Paypal, Mizuho Locations: F2H24

☆ This chart shows how Tesla can keep cutting prices and stay ahead of the competition
▼ + stars: | 2024-01-24 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

The price cuts have helped Tesla stay ahead of the competition. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The average cost of building a Tesla in the fourth quarter fell once again, according to the company's earnings report released Wednesday. AdvertisementOn average, Tesla spent just over $36,000 per vehicle it sold in the October to December period, down from over $37,000 per vehicle in the same quarter in 2023. A chart from Tesla's Q4 earnings deck shows the cost of goods per vehicle sold steadily decreasing.

Persons: Tesla, —, Elon, Carlos Tavares, Jim Farley, Henry Ford, Farley, Musk Organizations: Service, Ford, General Motors, Tesla

☆ The Needle Returns for the New Hampshire Republican Primary
▼ + stars: | 2024-01-23 | by ( Nate Cohn | Irineo Cabreros | ) www.nytimes.com time to read: 1 min

Once New Hampshire primary results begin to arrive starting at 7 p.m. Eastern Standard Time tonight, The Times will start publishing a live estimate of the final result, better known as the Needle. How to watch the Needle tonightOur results pages feature graphics designed to help you understand how each candidate is faring. The hypothetical chart below shows how our live estimates work. Our best estimate for each candidate’s final vote share is shown along with a range of estimates for where things might end up.

Organizations: New, Times Locations: New Hampshire

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