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☆ Here are our trades of the week and what's ahead for this overbought market
▼ + stars: | 2024-09-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Mixed market : The S & P 500 spent Friday's session mostly unchanged as it tried for a fourth record close this week. Still frothy : The S & P Short Range Oscillator pulled back from Tuesday's most overbought reading since August. Month to date, consumer discretionary, utilities, and materials were the best-performing S & P 500 sectors. 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, he's, Vimal Kapur, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, GE Healthcare, Honeywell, Constellation Brands, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Tuesday's, New York City

☆ AI will create new jobs and drive changes in how we do work, says Bain & Company's Anne Hoecker
▼ + stars: | 2024-09-27 | 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 EmailAI will create new jobs and drive changes in how we do work, says Bain & Company's Anne HoeckerAnne Hoecker, Bain & Company's head of global technology practice, joins CNBC's 'Squawk on the Street' to discuss the growth opportunities her firm sees in AI, the debate of AI replacing jobs, and more.

Persons: Bain, Company's Anne Hoecker Anne Hoecker Organizations: Bain, Company's

☆ Japan's new prime minister could try to shake up the country's military pact with the US
▼ + stars: | 2024-09-27 | by ( Hannah Abraham | Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Shigeru Ishiba is set to be appointed Japan's prime minister on Tuesday. Ishiba has previously suggested that Japan's military pact with the US should be overhauled. AdvertisementShigeru Ishiba, a former defense and agriculture minister, is set to become Japan's next prime minister. AdvertisementHis leadership is likely to transform Japan's military alliance with the US, as well as have wider implications for the region's security. However, Japan's military is beset by recruiting challenges and is experiencing manpower shortages.

Persons: Shigeru Ishiba, Japan's, Ishiba, —, Fumio Kishida Organizations: Liberal Democratic Party, Service, LDP, Reuters, Wall Street, Washington, Foreign Relations, NATO, Guardian, Japan's Yomiuri Locations: Japan, Taiwan, China

☆ Video: Fareed Zakaria has theory on how Iran will react to strike on Beirut
▼ + stars: | 2024-09-27 | by ( Fareed Zakaria | ) edition.cnn.com time to read: 1 min

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☆ My basement was full of stuff. After 24 years of accumulating, I finally started decluttering and it was so satisfying.
▼ + stars: | 2024-09-27 | by ( Ivy Eisenberg | ) www.businessinsider.com time to read: +5 min

I decided to finally declutter and say goodbye to things I didn't think I could part with. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA sign on my home office door says, "Creative People Don't Have a Mess; They Have Ideas Lying Around Everywhere." I've created a three-step process to trick myself into saying goodbye to my junk without squashing my personality or memories. I am finally able to say goodbye to my belongings, knowing that they will be adopted.

Persons: —, I've, Gamify, she'd, Donna Summer, Ivy Eisenberg Organizations: Service, Facebook, Vietnam Veterans Locations: Ulta, France, America, White Plains , New York, Queens, New York City

☆ Ocean Park Chairman discusses welcoming a pair of giant pandas to Hong Kong
▼ + stars: | 2024-09-27 | 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 EmailOcean Park Chairman discusses welcoming a pair of giant pandas to Hong KongOcean Park Chairman Paulo Pong talks about the arrival of new twin pandas at the park, and the boost they will bring to local tourism.

Persons: Paulo Pong Organizations: Ocean Locations: Hong

☆ As Eric Adams prepares to appear in court, the number of Democrats calling for his resignation keeps growing
▼ + stars: | 2024-09-27 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

New York City Mayor Eric Adams is set to appear in court over bribery and wire fraud charges. AdvertisementAs New York City Mayor Eric Adams prepares for court, the number of Democrats calling for his resignation is growing. Meanwhile, at least four members of the New York City Council have encouraged Adams to step back, the outlet said. We deserve better, which is why Mayor Adams should step down," Sandy Nurse wrote on X. Hochul issued a statement on Thursday asking Adams to "find an appropriate path forward to ensure the people of New York City are being well-served by their leaders."

Persons: Eric Adams, Adams, —, Katharine Parker, Alexandria Ocasio, Cortez, Brad Lander, Lander, John Avlon, Laura Gillen, Avlon, Sandy Nurse, Sen, John C, Liu, Kathy Hochul, Hochul Organizations: York City, Service, New York City, New York Times, New, Democratic Locations: York, Manhattan, Rep, Alexandria, New York City, Brad Lander , New York, New York, . New York

☆ Shohei Ohtani: 18-year-old files lawsuit over ownership of historic 50-50 ball, seeks to prevent auction
▼ + stars: | 2024-09-27 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —An 18-year-old has filed a lawsuit over the ownership of the ball Shohei Ohtani made baseball history with when he became the inaugural member of the 50-50 club. The ball had been put up for auction by auctioneers Goldin, with bids starting at $500,000 and collectors able to purchase it privately outright for $4.5 million. Both Belanski and Kelvin Ramirez indicated on social media that they intended to sell the ball, per the filing. In December 2002, a San Francisco judge ordered the two men to sell the ball and split the proceeds. The ball was eventually sold to comic book creator and producer Todd McFarlane who paid $450,000 for it.

Persons: Ohtani, auctioneers Goldin, Max Matus, Chris Belanski –, Goldin, Kelvin Ramirez, Matus, Max’s, Belanski, “, ” John Uustal, it’s, Max, ”, Ramirez, Barry Bonds, Alex Popov, Patrick Hayashi, Hayashi, Todd McFarlane Organizations: CNN, Los Angeles Dodgers, Miami Marlins, Dodgers, Marlins, ” CNN Locations: Florida’s, Belanski’s, Matus, San Francisco

☆ Stock market today: Dow hits record high, stocks notch 3-week win streak ahead of key jobs report
▼ + stars: | 2024-09-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks were mixed Friday, with the Dow closing at a record high while the S&P 500 and Nasdaq edged lower. All three major averages achieved a three-week win streak as investors cheer a resilient economy and cooling inflation. Investors await key jobs data next week, including the September jobs report on Friday morning. But the main event is next Friday, when the September jobs report is released. AdvertisementAccording to Interactive Brokers senior economist José Torres, the jobs report could have a big impact on the broader market.

Persons: —, Dow Jones, Clark Bellin, José Torres, Torres Organizations: Dow, Nasdaq, Service, Fed, Labor, Survey, ADP, Interactive Locations: Here's

☆ Athlos: Lucrative prizes won by world’s top athletes at inaugural women-only event
▼ + stars: | 2024-09-27 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Some of the world’s best track and field athletes competed for lucrative prizes on Thursday, as the inaugural women-only Athlos event got underway in New York. The prize money is twice what athletes currently win at the Diamond League finale, according to Reuters. And I said, ‘Great, I’m going to double it for one single race,’” Ohanian previously told Reuters. Earlier this month, the Diamond League announced it would increase its prize money for the 2025 season. The total prize money per discipline will now be between $30,000 and $50,000 at regular meetings and between $60,000 and $100,000 for the season-finale.

Persons: Alexis Ohanian, Serena Williams, “, ” Ohanian, Gabby Thomas, Brittany Brown, Patrick Smith, ” Brown, Faith Kipyegon, Marileidy Paulino, Ohanian, Athlos, Michael Johnson Organizations: CNN, Diamond League, Reuters, Triple, National Women’s Soccer League, Angel City FC, – Locations: New York

☆ Using options to trade an index that's become a swing trader's dream
▼ + stars: | 2024-09-27 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Although it is very volatile and exhibits wild swings, in the 1-year daily chart shown below, it becomes evident how confined its movement is within a well-defined trading range. Whenever it breaches one of these levels, it quickly stabilizes in a new trading range. Based on this analysis, I am considering a bearish set-up while keeping the top of its current trading range in mind. The trade Given the bearish outlook, I'm using a call credit spread as my trade structure. If the index stays below $2,260 by the expiration date, the trade will yield an ROI of 42% on the capital risked.

Persons: Russell, Nishant Pant Organizations: CNBC, NBC UNIVERSAL

☆ The stock market's euphoria-driven record highs are at risk of a painful downturn, 'Black Swan' investor says
▼ + stars: | 2024-09-27 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Spitznagel thinks they should focus instead on lagging drivers that could spur a sharp stock downturn. Advertisement"Black Swan" investor Mark Spitznagel thinks that the stock market's streak of record highs is distracting from a more jarring reality that could come by year-end. In a recent interview with Bloomberg TV, he said investors are currently enjoying a market that's in a "Goldilocks zone." "When the yield curve disinverts and then unverts, the clock starts ticking and that's when you enter black swan territory," Spitznagel told Bloomberg. He has warned of a stock market crash since January 2023, and back in July, he said the market's yearslong rally has become the "greatest bubble in human history," and its bursting would make for a recession.

Persons: Stocks, they've, Mark Spitznagel, Spitznagel, —, That's, capitalizes Organizations: Service, Bloomberg TV, Bloomberg, Universa Investments

These are the best credit cards for bad credit in 2024, according to Business Insider's team of credit card experts. Discover it Secured Credit Card ReviewBest for 1.5% Cash Back: Capital One Quicksilver Secured Cash Rewards Credit CardThe Capital One Quicksilver Secured Cash Rewards Credit Card is a secured credit card that earns a straightforward 1.5% cash back on all purchases with no limits. US Bank Altitude Go Secured Credit Card ReviewBest for Everyday Expenses: Bank of America® Customized Cash Rewards Secured Credit CardThe Bank of America® Customized Cash Rewards Secured Credit Card is another good option for maximizing your rewards earnings. Credit Cards for Bad Credit Frequently Asked QuestionsWhat are the main benefits of credit cards for bad credit? Upgrade to an unsecured credit card — Secured credit cards are meant to be a stepping stone to better financial products.

Persons: They're, it's, cardholders, you'll, Cardholders, Cash, you've, You'll, you’ve, it’s, Quicksilver, WebBank, —, Holly Johnson Freelance, Holly Johnson, Johnson, Angela Fung, Read Organizations: Business Insider, U.S . Bank, Bank of America, Card, Bank, Bad Credit, Credit, Business, Quicksilver, . Bank, Cell, Sporting, EV, US Bank, Cash Plus, U.S, Go, The Bank of America, Gas, Drug, of America, Walmart, Visa, Discover, Capital, CreditWise, Rewards, Bank Cash, Go Visa, Cards, U.S . News, Club, Finance Locations: U.S, Capital, Chevron

☆ UBS says this little known Mexican energy stock is primed to rally 30%
▼ + stars: | 2024-09-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

Vista Energy is well positioned for more growth ahead, according to UBS. The investment bank upgraded its rating on the stock to buy from neutral and increased its price target by $5 to $60, which implies nearly 32% upside from Thursday's close. VIST YTD mountain VIST, year-to-date This year, shares have soared, rising more than 54%. Yet, Vasconcellos believes the market is undervaluing Vista's production potential. Of the nine analysts covering the stock, seven have issued buy or strong buy ratings, LSEG data shows.

Persons: Tasso Vasconcellos, Brent, Vasconcellos Organizations: Vista Energy, UBS, SLB, Nabors Industries Locations: Argentina's Vaca

☆ Google is the latest company to land in Donald Trump's crosshairs
▼ + stars: | 2024-09-27 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Donald Trump threatened to prosecute Google "at the maximum levels" if he's elected president. AdvertisementFormer President Donald Trump is no stranger to lashing out at companies — and now he's taking aim at Google. Trump alleged that Google "illegally used a system of only revealing and displaying bad stories about Donald J. Trump" while surfacing good stories about Harris. In the report, the group said it conducted Google searches on September 6 for the terms "donald trump presidential race 2024" and "kamala harris presidential race 2024." In addition to threats against Google, Trump has levied warnings to other companies and CEOs who crossed him.

Persons: Donald Trump, Trump, Kamala Harris, —, Donald J, Harris, donald, kamala harris, Walz, Axios, Mark Zuckerberg, John Deere Organizations: Google, Service, Republican, Democratic, Justice Department, Department, Trump, Business, Speech America, Media Research, BI Locations: United States, Mexico

☆ Elon Musk's X will be allowed back online in Brazil after paying one more fine
▼ + stars: | 2024-09-27 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

The Federal Supreme Court (STF) in Brazil suspends Elon Musk's social network after it fails to comply with orders from Minister Alexandre de Moraes to block accounts of those being investigated by the Brazilian justice system. X has to pay one last fine before the social network owned by Elon Musk is allowed back online in Brazil, according to a decision out Friday from the country's top justice, Alexandre de Moraes. Earlier this month, X filed paperwork informing Brazil's supreme court that it is now in compliance with orders, which it previously defied. X's legal representative in Brazil, Rachel de Oliveira, is also required to pay a fine of 300,000 reals. Earlier this month, the STF froze the business assets of Musk companies, including both X and satellite internet business Starlink, operating in Brazil.

Persons: Alexandre de Moraes, Elon Musk, Brazil's, Rachel de Oliveira, de Moraes, Musk, X, STF Organizations: Federal Supreme Court, Elon, Globo, Tribunal Federal, SpaceX Locations: Brazil, Brazilian

☆ Netanyahu, at UN, vows that Israel will keep ‘degrading Hezbollah’ until its objectives are met
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: +5 min

Israel's Prime Minister Benjamin Netanyahu addresses the 79th United Nations General Assembly at U.N. headquarters in New York, U.S., September 27, 2024. And that's exactly what we're doing ... we'll continue degrading Hezbollah until all our objectives are met," Netanyahu said. He said he traveled to the United Nations to refute the untruths he had heard from other leaders on the same rostrum earlier in the week. Israel's Prime Minister Benjamin Netanyahu addresses the 79th United Nations General Assembly at U.N. headquarters in New York, U.S., September 27, 2024. Israel is vowing to step up its attacks on Hezbollah until its citizens can return safely to their homes.

Persons: Benjamin Netanyahu, Mike Segar, Netanyahu, Israel, Khan Younis, Ahmad Salem, Getty Images Ahmad Salem, Jalaa Marey Organizations: Israel's, United Nations General Assembly, Reuters, United Nations, United, Health Ministry, Bloomberg, Getty Images, Getty, Afp Locations: U.N, New York, U.S, Lebanon, Israel, El Paso, San Diego, ., Gaza, United Nations, Iran, Lebanese, United States, France, Galilee

☆ Shohei Ohtani's record-breaking 50-50 home run ball is now on sale for $4.5 million
▼ + stars: | 2024-09-27 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

For one fan who was in attendance for the Japanese superstar's record-breaking home run, Ohtani's success may deliver a multimillion-payday. The starting bid for the historic ball — the most valuable from Ohtani's incredible 6-for-6, 3-home-run and 10 RBI performance — is $500,000. The auction will run from Sept. 27 to Oct. 9, with extended bidding taking place on Oct. 16. The $3 million figure represents the highest price ever paid for a baseball when Mark McGwire's 70th home run ball sold in 1999. If you don't have several million dollars to bid on Ohtani's home run ball, don't worry.

Persons: Shohei Ohtani, Goldin, Mark McGwire's Organizations: Major League Baseball, Goldin Auctions, Dodgers, Topps, CNBC

☆ Two major deals coming soon may help jumpstart the IPO market
▼ + stars: | 2024-09-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

The company is seeking to sell 60 million shares at a price range of $20 to $23 per share. StandardAero previously filed to offer 46.5 million shares at the same $20 to $23 per share range. StandardAero will be a large IPO, likely raising about $1.3 billion at the midpoint. The IPO raise has been sub-par for three years running. IPO watchers note childcare provider KinderCare and digital health marketplace company Solera both could raise $500 million or more.

Persons: Safran, StandardAero, Carlyle, IPOs, StubHub Organizations: Dow Jones, Cerebras, StandardAero, New York Stock Exchange, GE Aerospace, Pratt & Whitney, Royce, Honeywell, Amer Sports, Ingram, Dunkin, Brands, Inspire Brands Locations: U.S

☆ 10 things to watch in the stock market Friday including a bullish call on Best Buy
▼ + stars: | 2024-09-27 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We raised our price target on the stock. Best Buy was added to JPMorgan's analyst focus list after a meeting with the electronics and appliance retailer's management team. Deutsche Bank restarted coverage of Dell Technologies with a buy rating and price target of $144 a share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Bristol Myers, Morgan Stanley, Wynn, Jim Cramer, Dan Ives, Jim Cramer's, Jim Organizations: Club, Costco, Drug Administration, Bristol, Bristol Myers Squibb, Wynn Resorts, United Arab, Citigroup, Analysts, Walmart, Deutsche Bank, Dell Technologies, PepsiCo, HP Inc, Bank of America, HP, Wedbush Securities, Jim's, Jim Cramer's Charitable, CNBC Locations: what's, New Jersey, Las Vegas, United Arab Emirates, China, Macau

☆ OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
▼ + stars: | 2024-09-27 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

OpenAI, the creator of ChatGPT, expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC has confirmed. The New York Times was first to report on OpenAI's financials earlier on Friday after viewing company documents. OpenAI, which is backed by Microsoft, is currently pursuing a funding round that would value the company at more than $150 billion, people familiar with the matter have told CNBC. Thrive Capital is leading the round and plans to invest $1 billion, with Tiger Global planning to join as well. The company will retain its nonprofit segment as a separate entity, a person familiar with the matter told CNBC.

Persons: ChatGPT, OpenAI, CNBC hasn't, Sarah Friar, Mira Murati, Matt McIlwain Organizations: CNBC, The New York Times, Microsoft, Tiger Global

☆ Morgan Stanley raises its price target for a Chinese tech giant it calls a ‘safe haven’
▼ + stars: | 2024-09-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Of all Chinese internet stocks, one company has the "best risk-reward" for investors, Morgan Stanley says. Morgan Stanley raised its price target for Tencent from 450 Hong Kong dollars to 480 Hong Kong dollars ($57.80 to $61.70). Its shares have jumped since mid September, from about around 374 Hong Kong dollars to the current 424 Hong Kong dollars. As for its games unit, Morgan Stanley says the firm will enjoy "near-term catalysts," adding that there will be a "robust" pipeline, with its evergreen games set to continue netting growth. It estimates Tencent's games revenue growth could rise 13% and 10% year on year in the second half this year and in 2025, respectively.

Persons: Morgan Stanley, Tencent, there's, — CNBC's Michael Bloom Organizations: Hong Locations: Hong Kong, Alibaba

☆ 'Push-pull' between inflation & economic activity will drive investor sentiment, says Scott Clemens
▼ + stars: | 2024-09-27 | 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 Email'Push-pull' between inflation & economic activity will drive investor sentiment, says Scott ClemensScott Clemons, chief investment strategist at Brown Brothers Harriman, joins CNBC's 'Power Lunch' to discuss macro outlooks, why he's closely watching the health of the consumer, and more.

Persons: Scott Clemens Scott Clemons, Harriman Organizations: Brown

☆ 4 steps workers should take when their companies announce 5-day RTO, according to an employment lawyer
▼ + stars: | 2024-09-27 | by ( Jane Zhang | ) www.businessinsider.com time to read: +8 min

Companies requiring 5-day RTO will lose valuable employees, says Craig Levey, an employment lawyer. Levey lays out four steps employees can take if their company announces an RTO policy. Here are the steps I'd take if a client came to me about their company switching to a five-day RTO policy:1. Related storiesWell-written employment agreements will include a clause providing the employer with the flexibility the amend any and all terms. But if you have some leverage, you can negotiate into your employment agreement that you're going to be working remote or hybrid.

Persons: Craig Levey, Levey, —, doesn't, you've, they'll, haven't, Jane Zhang Organizations: Service, Bennett, Belfort, Starbucks, Disabilities, Opportunity Commission Locations: P.C, Cambridge , Massachusetts, Newport, Seattle

☆ CNBC Daily Open: A high of all-time highs
▼ + stars: | 2024-09-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

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. All-time high, againMajor U.S. indexes rose on Thursday, with the S&P 500 notching a fresh closing high. When the U.S. Federal Reserve cut interest rates last week, it's not unreasonable to expect Treasury yields to dip. But 55% of respondents think Trump will be better for the economy and on inflation.

Persons: Europe's, it's, they've, Jeff Cox, Sam Altman, Bret Taylor, Harris, Kamala Harris, Donald Trump, Trump Organizations: CNBC, Major, Micron, Swiss National Bank, Treasury, U.S . Federal Reserve, Altman, U.S Locations: Major U.S, China

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