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☆ Democrats have been losing working-class voters. Here's one playbook to win them back.
▼ + stars: | 2024-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +5 min

A new report commissioned by a labor-backed group is examining a problem many Democrats might rather ignore: the exodus of working-class voters from the party they used to call home. Some voices on the left have downplayed the significance or even denied the loss of working class voters, but the data is increasingly clear and signs of realignment are everywhere. “We take the right wing and Republican Party seriously when they say they want to be the party of the working class,” Mitchell said. Too often, the report argues, working-class voters are thought of as white men without college degrees, likely involved in a trade like plumbing. If nothing else, Mitchell hopes the research will push Democrats to take seriously the erosion with working class voters and to move beyond one-size-fits all stereotypes when thinking about how to talk to working-class voters.

Persons: Donald Trump, “, Ohio Sen, JD Vance, Donald Trump’s, “ I’ve, MAGA, ”, Maurice Mitchell, it’s, ” Mitchell, Harris, Mitchell Organizations: Republican, Republicans, Working Families Party, Working, Democratic, NBC News, Republican Party, HIT, Biden Locations: Ohio, New York, ”

☆ Welcome to interest-rate cut week: Here's how the Fed's next move will impact everything from home prices to new cars loans
▼ + stars: | 2024-09-16 | by ( Madison Hoff | Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

According to CME FedWatch, which estimates interest rate changes based on market predictions, the size of the rate cut is a coin toss. As of Friday afternoon, there's a 51% chance the Federal Reserve will cut rates by 25 basis points and a 49% chance it'll be an extra-large 50-basis-point cut. That's because a larger rate cut makes borrowing cheaper, which tends to drive up spending and fuel price increases. Rate cuts will also eventually make it cheaper for small businesses to take out loans. A rate cut could cause a rush of buyers to enter the market in the short term, driving up prices and competition.

Persons: Jerome Powell, Michael Madowitz, she's, McTier, it'll, Mark Hamrick, Banks, Hamrick, NerdWallet, Sara Rathner Organizations: Service, Federal, CME FedWatch, Federal Reserve, Business, Washington Center for Equitable Growth, Fed, Consumer Financial, Bureau, asheffey Locations: Jackson Hole , Wyoming, McTier

☆ E.l.f. Beauty CEO says low prices have helped company thrive as cosmetics industry slows
▼ + stars: | 2024-09-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Beauty CEO Tarang Amin told CNBC's Jim Cramer on Monday that the company has performed well even as the cosmetics industry goes through a rough patch, stressing the budget-conscious nature of the products. The company's most recent quarter beat expectations and the beauty retailer said it saw sales grow by 50%. Amin said the company posted 22 consecutive quarters of net sales growth and market share growth. Some beauty companies have reported a slowdown in consumer spending, and Amin said the category is seeing "softness," down 6%. We'll do the same this time, and the only other big difference is we continue to diversify our supply chains."

Persons: Tarang Amin, CNBC's Jim Cramer, Amin, Gen Z, Roblox Organizations: Alpha Locations: U.S, China

☆ Bank of America sees rate cuts propelling gold to $3,000, and this stock is a way to play it
▼ + stars: | 2024-09-16 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Bank of America doesn't see gold's rally ending soon and thinks producer Gold Fields could benefit. A key asset for the metal producer is Chilean mine Salares Norte, which could increase growth through near-term gold production. "Salares Norte should be a highly cash generative asset and we think it could account for [about]. BofA also thinks lower Federal Reserve rates can drive gold to $3,000 by 2025. A longer-term catalyst includes Gold Fields' acquisition of Osisko Mining in August.

Persons: Gold, Jason Fairclough, Fairclough, BofA Organizations: America, Osisko Mining Locations: Chilean, Norte, Quebec

Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. Intel shares jumped 8% in extended trading Monday after the company said it plans to turn its foundry business into an independent unit with its own board and the potential to raise outside capital. Gelsinger said the restructuring would allow the foundry business to "evaluate independent sources of funding," and comes days after Intel's board met to assess the direction and future of the company. The foundry business, which Intel plans to use to manufacture chips for other customers, has been a big drag on its bottom line, with the company spending roughly $25 billion on it in each of the last two years. With a standalone "operating board" and a cleaner corporate structure, the mechanics of a separation become far easier than trying to turn a fully integrated unit into a separate company.

Persons: Pat Gelsinger, Pat Gelsinger's, Gelsinger Organizations: Intel, Nvidia Locations: Taipei, Altera

☆ Stock market today: Indexes close mixed as tech stumbles and traders brace for Fed meeting
▼ + stars: | 2024-09-16 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

US stocks ended mixed on Monday ahead of the start of the Fed's two-day policy meeting. The Fed is widely expected to deliver a rate cut of 25 or 50 basis points at the end of its meeting on Wednesday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementStocks close mixed on Monday as traders and investors prepared for the start of the Federal Reserve's highly anticipated policy meeting. The Federal Open Market Committee, the Fed's rate-setting group, is expected to deliver an interest rate cut at 2 p.m. on Wednesday.

Persons: —, Savita Subramanian, Apple, Morgan Stanley, Z Organizations: Apple, Service, Federal, Market Committee, Bank of America, Tech, Nasdaq, Broadcom, Nvidia, Micro, Micron Technology Locations: Here's

☆ Harland & Wolff, the company behind the Titanic, declares itself insolvent
▼ + stars: | 2024-09-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Harland & Wolff, the 163-year-old firm that built the Titanic, has declared itself insolvent after failing to secure funding to continue trading. The Titanic under construction at a Harland & Wolff shipyard in Belfast. Krista Few/Corbis/Getty ImagesThis is not the first time that Harland & Wolff has prepared for bankruptcy. Last year, Harland & Wolff, which completed the Titanic in 1912, delivered its first finished vessel from its historic Belfast site in two decades. Activity on the Islandmagee project will also continue as normal, Harland & Wolff said.

Persons: London CNN — Harland, Wolff, Harland, —, ”, Russell Downs, Krista Few, Harland & Wolff, Matt Roberts, GMB Organizations: London CNN —, Administration, UK Export Finance, Belfast, Harland, Storage, “, UK’s Ministry of Defence Locations: United Kingdom, “, Belfast, British, Northern Ireland, Scotland

☆ Here are Monday's biggest analyst calls: Tesla, Nvidia, Apple, Oracle, Carvana, Micron, Sprouts, Zillow, Coca-Cola & more
▼ + stars: | 2024-09-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Monday: Evercore ISI reiterates Alphabet as outperform Evercore says it's sticking with shares of the search giant. Morgan Stanley reiterates Micron as equal weight Morgan Stanley lowered its price target on the stock to $100 per share from $140. Morgan Stanley reiterates Tesla overweight Morgan Stanley says it's sticking with its overweight rating heading into Tesla's robotaxi day on Oct. 10. Morgan Stanley upgrades Ase Technology to overweight from equal weight Morgan Stanley said in its upgrade of Ase that the chipmaker's stock is defensive. Morgan Stanley upgrades Chart Industries to overweight from equal weight Morgan Stanley says the gas liquefication company has "significant exposure to both energy transition and renewables as well as traditional energy."

Persons: Evercore, Morgan Stanley, Tesla, Simon, Eaton, Wells, Pro Max, Carvana Evercore, Jack Sinclair, Curtis Valentine, Merchant Scott Neal, BTIG, Truist, Melius Organizations: DOJ, Micron, Technology, Industries, Citi, downgrades Colgate, Palmolive, CL, Barclays, GE, GE Vernova, JPMorgan, Apple, Pro, Ally, Mizuho, Oracle, " Bank of America, Nvidia, Bank of America Locations: Tesla's, Staples

☆ A Fed rate cut may lend a helping hand to Chinese stocks. Or not.
▼ + stars: | 2024-09-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

By extension, the move in Washington, D.C. could also spell good news for Chinese stocks. High U.S. interest rates relative to China have made it fairly straightforward for global institutions to pick U.S. Treasurys over Chinese stocks. More than lower rates needed Other global investors say Chinese stocks need more than easier monetary policy to become truly attractive. The "government can push interest rates down, but if households don't want to spend the extra income, it won't go into the economy," he said. Earlier this year, People's Bank of China Governor Pan Gongsheng acknowledged U.S. Fed easing would create room for China to further cut interest rates.

Persons: Steven Sun, Laura Wang, Morgan Stanley, Aaron Costello, Yi Gang, Costello, James Wang, Wang, Pan Gongsheng Organizations: U.S . Federal Reserve, HSBC, HSBC Qianhai Securities, Nasdaq, U.S, Treasury, Cambridge Associates, CNBC, People's Bank of China, UBS Investment Bank Research, UBS, Hang Seng China Enterprises, China Southern Airlines, Hengli Petrochemical, Saudi, Aramco Locations: China's, Washington ,, China, 1H24, Asia, U.S, Beijing, Hang, Shenzhen, Shanghai

☆ The women Kamala Harris has mentored
▼ + stars: | 2024-09-15 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +12 min

Angela Alsobrooks, the Democratic nominee for Senate in Maryland, has started collecting magazines with Harris on the cover, buttons, a T-shirt and other memorabilia. She broke down sobbing during Maya Harris’ convention speech when thinking of her own memories of the vice president’s mother. “’Hi, it’s Kamala Harris,’” Alsobrooks remembers hearing. Harris joins Prince George's County Executive Angela Alsobrooks onstage to speak at a campaign event in Landover on June 7, 2024. Cohen switched over to Harris’ campaign for a few shifts.

Persons: CNN —, Kamala Harris, Jahana Hayes, She’d, Hayes, Harris, Long, Ayanna Pressley, Laphonza Butler, –, They’re, ”, Jasmine Crockett, “, ” Crockett, she’d, Joe Biden, Crockett, boggle, Angela Alsobrooks, Lateefah Simon, Simon, Maya Harris ’, it’s, Susan Walsh, Alsobrooks, it’s Kamala Harris, ’ ” Alsobrooks, ” Alsobrooks, ‘, Andrew Harnik, Andrea Campbell, “ Joy ”, Campbell, Harris “, ” Campbell, isn’t, Malia Cohen, Gavin Newsom’s, Cohen, Bruce Springsteen, ’ ” Cohen, ” Daniele Monroe, Moreno, Monroe, “ Kamala, ‘ I’ve, she’s, ” Monroe, Peggy Flanagan, hasn’t, Flanagan —, —, Flanagan, ’, Emily Tisch Sussman, Paul, Abbie Parr, Biden, wasn’t, ’ ” Campbell, Harris ’, Kamala, that’s, I’d Organizations: CNN, National Democrats, Democratic, Massachusetts, Naval Observatory, Naval, Office, San, White, ”, Goodwill Industries, Prince George's, UCLA, Black, San Francisco, of Supervisors, Nevada Democratic Party, Gov Locations: Connecticut, Texas, Maryland, San Francisco, Oakland, ” Connecticut, New Haven, Landover, Boston, California, Las Vegas, Monroe, Minnesota, St, Iowa, United States

☆ The 2 things that will determine whether last week's stock market rally will continue this week
▼ + stars: | 2024-09-15 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The S & P 500 rebounded 4% this past week, almost clawing back all of the prior week's horrible decline. Fed watch The Fed is the big market event this week. ET: Fed rate decision Before the bell: General Mills (GIS) After the bell: Steelcase (SCS) Thursday, Sept. 19 8:30 a.m. 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: Jim Cramer, Jensen Huang's, Goldman Sachs, Jim, Huang, Lisa Su, Su, Vimal Kapur, Morgan, Brian Niccol, Wells, Morgan Stanley, Jerome Powell, They're, Lennar, Doug Yearley, Mills, LEN, Jim Cramer's, Spencer Platt Organizations: Federal, Dow, Nasdaq, Nvidia, Club, Technology, CNBC, Oracle, Devices, TAM, Apple, Honeywell, Starbucks, Barclays Global Financial Services, Fed, FedEx, homebuilder, Home Depot, Darden, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Las Vegas, U.S, America, Horton, New York City

☆ Where Are the Squat Racks? Gyms Are Rushing to Remodel for Strength-Training
▼ + stars: | 2024-09-14 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +14 min

Related storiesThe boom of strength training in 2020Australian personal trainer Kayla Itsines developed the uber popular "Sweat with Kayla" app. "The 20-somethings, the 40-somethings, the 60-somethings will all be gravitating towards strength training, just because of the benefits it provides." They're branding themselves as more of a high-intensity training equipment provider than just a stair-climbing apparatus provider these days. Strength training is ideal for extending your "play span," your ability to keep doing what you love as you age. "What strength training really affords people is to make age just feel like a number," he said.

Persons: you'll, Mauro Maietta, that's, Kenneth Cooper, Arnold Schwarzeneggers, it's, Richard Simmons, Evan Hurd, Pete McCall, Kayla Itsines, Kayla, Kira Stokes, Kaisa Keranen, they'd, Pamela Kufahl, Kufahl, Gen Z, there's, —, they're, you've, Antonio Villalba, McCall, Clive Brunskill, Chris Travis, Jim Rowley, MoMo, JDI, Priscilla Del Moral, JDI's, Miriam Fried, MF, she's, Del, Natalia Mehlman Petrzela Organizations: Venture, Business, Sports, Fitness Industry Association, Crunch Fitness, Kids, Health & Fitness Association, Amazon, Health, Fitness, Getty, Seattle, New, Crunch, Athletech News, New School, Brands, Core Health Locations: Manhattan, L.A, Barre, Orange, New York City, New York

☆ India has a new nuclear-capable ballistic missile submarine. But can it catch up with China?
▼ + stars: | 2024-09-14 | by ( Brad Lendon | ) edition.cnn.com time to read: +10 min

CNN —India’s second nuclear-capable ballistic missile submarine joined its naval fleet late last month, a move the government says strengthens its nuclear deterrent as New Delhi casts a wary eye at both China and Pakistan. The de facto border between India and China, known as the Line of Actual Control, has been a longtime flashpoint between the two. India’s next ballistic missile subs could be years away, however, if history is any predictor of the future. Arighaat was launched almost seven years ago, and if that timeline from launch to commissioning applies to the next Indian ballistic missile sub, it won’t join the service until 2030. A type 094 Jin-class nuclear-capable ballistic missile submarine of the Chinese People's Liberation Army (PLA) Navy participates in a naval parade in 2019.

Persons: CNN —, Rajnath Singh, Janes, Arighaat, ”, Carl Schuster, Aksai, Matt Korda, ” Korda, won’t, SSBNs, Tom Shugart, ” Shugart, Jin, Kandlikar Venkatesh, Mark Schiefelbein, Venkatesh, It’s, Abhijit Singh, ” Singh, Korda, it’s, – Organizations: CNN, People’s Liberation Army, Indian Defense, India’s Eastern Naval Command, Missile Defense Advocacy Alliance, Pacific Command’s Joint Intelligence Center, Troops, Naval, Nuclear, Federation of American Scientists, India’s, Center, New, New American Security, US, United Nations Security Council, US Navy’s, Navy, Global Times, People's Liberation Army, PLA, Getty, Observer Research, Hindustan Times, MIRV Locations: Delhi, China, Pakistan, India, Visakhapatnam, Bengal, United States, Bay, Aksai Chin, Beijing, New American, Russia, United Kingdom, France, Britain, Ohio, AFP, Mumbai, Islamabad, Kashmir, New Delhi

☆ Auto parts and dollar store execs warn that low-income Americans are stretched thin and running on borrowed time
▼ + stars: | 2024-09-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

AdvertisementBut Americans are not a monolith, as Jefferies consumer strategist Carey Kaufman pointed out in a note to clients Tuesday. Heading into the autumn, a considerable number of those in the bottom quintile appear to be running on borrowed time. Dollar Tree, which owns Family Dollar, reported similar consumer headwinds during its quarterly earnings this month. "What we noticed was an even tighter core consumer at the very last week of each of the months in Q2," he said. "While that's always a tighter week of the month for our core consumer, it was by far the weakest."

Persons: —, Carey Kaufman, Ted Vasos, Vasos, David Bellinger, Ryan Grimsland, Will Stengel, Ally, Russell Hutchinson, paychecks aren't, that's, Bellinger Organizations: Service, Walmart, Costco, Business, Jefferies, Goldman, Global Retailing, Mizuho, Reuters, Federal Reserve Locations: U.S

☆ There are 2 kinds of cities right now. It explains why you hate your downtown.
▼ + stars: | 2024-09-14 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Resident-centered urban cores have lots of housing, public amenities like schools and parks, and local restaurants, shops, and other businesses. AdvertisementThe nation's capital offers a stark example of a downtown designed largely to serve office workers and tourists. The unsexy way to get people downtownBefore cities focus on bringing in visitors, they need to serve their residents, Wesolowski argued. Parks along urban rivers, lakes, canals, and ocean beaches can attract new residents, visitors, and commercial development while serving as a buffer for flooding. "It has a really quite an extraordinary balance of tourist facilities, local universities, medical complexes, residents living downtown, a baseball team downtown, a waterfront — it sort of does everything right," she said.

Persons: —, Jon Jon Wesolowski, Wesolowski, Tracy Hadden Loh, Karen Chapple, Loh, Chapple Organizations: Service, Business, Visitors, Eiffel, Chicago, Brookings Institution, of Cities, University of Toronto Locations: Washington, Chattanooga , Tennessee, Paris, Chicago, Wicker, Parks, Diego's

☆ ‘Have I Got News For You’ stars are here to help you laugh through the news
▼ + stars: | 2024-09-14 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Amber Ruffin has some thoughts about those who think that CNN isn’t necessarily the best home for comedy. “I’d say they’re right,” Ruffin told CNN in an interview this week. Based on a British series of the same name, entertainers, political figures and comedians will appear as guests for quick-witted conversation and games. “Anybody who has a sense of humor about the world and has a sense of humor about themselves, I think those are the only prerequisites,” he said about possible team members. “If you can laugh the world and laugh at yourself, I think you’re gonna fit in very well.”“Have I Got News For You” premieres Saturday, September 14 at 9 p.m.

Persons: Amber Ruffin, “, ” Ruffin, Roy Wood Jr, Ruffin, Micheal Ian Black, Wood Jr, ”, Michael Ian Black, Roy Woods Jr, Amber Ruffin CNN “, Black Organizations: CNN, Productions

☆ 2-year Treasury yield slides as investors assess interest rate outlook
▼ + stars: | 2024-09-13 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over four basis points to 3.6364%. The 2-year Treasury yield was last more than six basis points lower to 3.5824%. Attention began to turn to the Federal Reserve meeting next week at which the central bank is widely expected to cut interest rates. Traders were last pricing in a 59% chance of a 12-basis-point rate cut and a 41% probability of a 50-basis-point reduction, according to CME Group's FedWatch tool. The Fed's meeting is set to begin Tuesday before concluding Wednesday, with the interest rate decision and a post-meeting press conference.

Persons: Dow Jones Organizations: Treasury, U.S, Federal Reserve, Traders, PPI, Dow

☆ A market and tech hedge ahead of an uncertain Fed decision next week
▼ + stars: | 2024-09-13 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The Federal Reserve has telegraphed the kickoff of their interest rate cutting campaign to begin next week. I believe a quarter-point interest rate cut is their first step but, a half-point interest rate cut (which has the ability to roil markets) has recently been floated strongly. The Nasdaq-100 dropped 6% last week and is now up nearly 5% this week, these are not normal market conditions. QQQ YTD mountain Invesco QQQ Trust, YTD The Cboe Volatility Index , yet elevated, is not showing current signs of panic. The trade The CME Fedwatch tool is narrowly favoring a 25 basis point interest rate cut but, it is oddly closer to a coin toss than it was last week.

Persons: pont, QQQ Organizations: Federal Reserve, Fed, Nasdaq, CNBC, NBC UNIVERSAL

☆ It looks like the commercial-real-estate market has finally bottomed out — and experts say it's time to invest
▼ + stars: | 2024-09-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewThe embattled commercial-real-estate market may finally have a few things going its way, according to recent data. That left owners with harder-to-pay debt, made worse by high interest rates and tighter bank lending. AdvertisementYet lending volumes are slightly improving, Moody's said. Related storiesMoody's expects bank lending to turn positive by the end of 2024. As these lenders are most exposed to commercial real estate, some analysts have said that hundreds of banks risk failing in the next few years.

Persons: —, Moody's, they've, Matt Salem, Dakota Sagnelli Organizations: Service, Business, Wall, KKR Locations: Dakota

(This is CNBC Pro's live coverage of Friday's analyst calls and Wall Street chatter. A biotech stock and an energy company were among the names being talked about by analysts on Friday. — Sean Conlon 6:19 a.m.: Pivotal says buy TKO Group A competitive media landscape could mean gains for TKO Group , according to Pivotal Research Group. TKO Group shares are up nearly 41% year to date. TKO YTD mountain TKO in 2024 — Sean Conlon 5:49 a.m.: JPMorgan downgrades Moderna to underweight JPMorgan sees a rocky road ahead for Moderna .

Persons: Raymond James, Srini Pajjuri, — Sean Conlon, Jeffrey Wlodarczak, Jessica Fye, Fye, it's, Ameet, Thakkar, he's, Fred Imbert Organizations: CNBC, JPMorgan, Moderna, BMO Capital Markets, GE Vernova, ARM, Research, JPMorgan downgrades Moderna, Food and Drug Administration, BMO, GE, General, Gas Power, General Electric Locations: Thursday's

☆ 6 Wall Street experts share why investors could be overestimating how much the Fed will cut rates after August's inflation report
▼ + stars: | 2024-09-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

The print is causing concern that inflation may not be going away, which would mean higher interest rates than markets expect going forward. Skyler Weinand, chief investment officer, Regan CapitalWeinand says the market's current outlook on rate cuts will only take place if the economy deteriorates significantly. If inflation does slow that much, the Fed would likely cut rates faster than just a quarter percent per meeting over the next 3-6 months," Adams said in an email. "However, the stickiness of service price inflation and shelter inflation suggests the Fed will cut rates slower than financial markets currently price in." This would be a disappointment to short-term bond markets that have priced over 250 bps of rate cuts by the end of 2025."

Persons: Brian Rose, UBS Global Wealth Management Rose, Rose, Skyler Weinand, Regan Capital Weinand, Bill Adams, Adams, Peter Perkins, MRB Partners Perkins, Josh Jamner, ClearBridge Investments Jamner, Chris Zaccarelli, Zaccarelli Organizations: Service, CPI, Business, UBS Global Wealth Management, UBS Global Wealth, Fed, Comerica Bank, MRB Partners, Investment, ClearBridge Investments, Independent, bps

☆ Cramer: I wouldn't boot any of our 12 core stocks. If anything, I'd add one more
▼ + stars: | 2024-09-13 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

The 12 core Investing Club portfolio stocks that we identified at our Annual Meeting in February are the 12 we still stand by. Wells Fargo Why we own it We bought Wells Fargo as a turnaround story under CEO Charlie Scharf. Why we own it GE Healthcare is the global leader in medical imaging, diagnostics, and digital solutions in health care. Fed interest rate cuts can also help hospitals finance the MRI and CT scan machines that GE Healthcare is known for. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Eli Lilly, Jim, Wells, Charlie Scharf, He's, Scharf, Wells Fargo, Lilly, Jim Cramer's Organizations: Apple, Costco, GE Healthcare, Linde, Microsoft, Nvidia, TJX Companies, Bank of America, Citigroup, GE, General Electric, Philips, Siemens, Jim Cramer's Charitable, CNBC Locations: Danaher, Eaton, Wells Fargo

☆ Federal Reserve will opt for slow policy easing as there's 'still work to do' on inflation, Fitch says
▼ + stars: | 2024-09-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

"One reason we expect Fed easing to proceed at a relatively gentle pace is that there is still work to do on inflation," the report said. On a month-on-month basis, inflation rose 0.2% from July. Core CPI, which excludes volatile food and energy prices, rose 0.3% for the month, slightly higher than the 0.2% estimate. The 12-month core inflation rate held at 3.2%, in line with the forecast. It took far longer than anticipated to tame inflation and gaps have been revealed in central banks' understanding of what drives inflation."

Persons: Fitch, Dow Jones Organizations: U.S, Fitch, Labor Department, CPI, Fed Locations: Federal

☆ CNBC Daily Open: With all key data in, the Fed's policy path looks more uncertain
▼ + stars: | 2024-09-13 | 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. Hotter-than-expected core, againThe U.S. producer price index, which measures the prices producers receive before retailers sell goods and services to consumers, rose 0.2% in August, according to the Bureau of Labor Statistics. However, like the consumer price index, core PPI came in 10 basis points higher than expected. But investors are ignoring two big risks to the market, said a chief investment officer of a wealth management firm.

Persons: Hong, Dow Jones, Sheila Kahyaoglu, Safra Catz, Bond Organizations: CNBC, Nasdaq, Dow Jones Industrial, Nikkei, U.S ., Bureau of Labor Statistics, PPI, Boeing, Jefferies, Oracle, Amazon, Google, Microsoft Locations: Asia, Pacific, U.S, Seattle, Oregon

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin nears $60,000 as consumer sentiment hits four-month high: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Adam Sullivan, CEO of Core Scientific, discusses the company's embrace of AI compute and what the 2024 election could mean for crypto.

Persons: explainers, Adam Sullivan Organizations: CNBC Crypto, CNBC, Core

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