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New York Mayor Eric Adams is expected to face federal charges by prosecutors out of the Southern District of New York as soon as Thursday, two sources familiar with the matter said Wednesday night. Before news of federal charges broke Wednesday, Adams was at a reception at the Metropolitan Museum of Art, which President Joe Biden also attended. “I do not see how Mayor Adams can continue governing New York City,” Ocasio-Cortez said on X. "However, it is clear that defending himself against serious federal charges will require a significant amount of the time and attention needed to govern this great city. The most appropriate path forward is for him to step down so that New York City can get the full focus its leadership demands."

Persons: Eric Adams, Adams, “, ”, Adams ’, Daniel Nigro, Nigro, Edward Caban, James Caban, Joe Biden, Douglas Muzzio, ” Muzzio, Alexandria Ocasio, ” Ocasio, Cortez, Brad Lander, Mayor Adams, Lander, ” Adams Organizations: York, Southern, of, FBI, NYPD, Turkish Consulate, Democratic, Fire, NBC News, Federal, Adams . Police, Authorities, Queens, Metropolitan Museum of Art, Baruch College, New Locations: of New York, New, Brooklyn, Turkish, Adams, Manhattan, New York, Alexandria, Cortez, New York City

Senate Foreign Relations Committee Chairman Ben Cardin was targeted by a caller who posed as a former top Ukrainian official during a recent Zoom call, according to a notice circulated to Senate offices and obtained by NBC News on Wednesday. According to the notice, the caller's questioning was "likely trying to bate the Senator into commenting on a political candidate." Cardin and his staff ended the call, the notice said, adding that Cardin's office contacted the State Department, which confirmed the caller was not Kuleba. Cardin referred to the caller as a "malign actor" in a statement about the incident his office released Wednesday night. NBC News reported this month that the Justice Department plans to file criminal charges in connection with the hacking of Trump’s campaign, according to two law enforcement officials.

Persons: Ben Cardin, Dmytro Kuleba, Punchbowl, Cardin, ”, bate, “, ” Cardin, Donald Trump's, Joe Biden's Organizations: Foreign Relations, Ukrainian, NBC News, Ukrainian Foreign, State Department, The State Department, Capitol Police, FBI, Justice Department Locations: Iran

☆ Here's why Wells Fargo is our top performer Thursday — plus, 3 things we want from Costco's earnings
▼ + stars: | 2024-09-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Chipping away: Shares of Wells Fargo popped around 5% on signs of progress in its multiyear journey to clean up its operations and have its Federal Reserve-mandated asset cap removed. In addition, this news pushes back on the idea that Wells Fargo recently suffered a regulatory setback. 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, Wells, Wells Fargo, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Micron, Street, Department of Justice, AMD, Starbucks, Chipping, Reserve, Bloomberg News, Fed, Bloomberg, Currency, Club, Costco, Jim Cramer's Charitable Locations: China, Wells

☆ These real estate stocks top Bank of America’s buy list
▼ + stars: | 2024-09-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors looking to get in on the recent rise in real estate stocks should focus on quality, according to Bank of America. The real estate sector of the S & P 500 has been moving higher over the past month or so and is now up 10% year to date, after being in the red earlier this year. Real estate investment trusts are also an income play, often paying out attractive dividends. .SPLRCR YTD mountain S & P 500 Real Estate Sector The Federal Reserve started its rate-cutting cycle last week, slashing the federal funds rate by 50 basis points. Health-care real estate is a play on the aging of America , which will see more people seeking medical services and senior housing, Hall said.

Persons: Jill Carey Hall, REITs, Hall, Jeffrey Spector, Welltower, Spector Organizations: Bank of America, Real, Federal Reserve, Communities, American, Federal Realty Investment Trust Locations: America, U.S

☆ 10 things to watch in the stock market Thursday, including the Micron-fueled chip rally
▼ + stars: | 2024-09-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

10 things to watch Thursday, Sept. 26 — Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. China stocks rallied again — this time on signs the Chinese government is prepared to add fiscal stimulus to this week's central bank monetary stimulus. Nvidia and Advanced Micro Devices are Club stocks. China stocks rallied again — this time on signs the Chinese government is prepared to add fiscal stimulus to this week's central bank monetary stimulus. Nvidia and Advanced Micro Devices are Club stocks.

Persons: Jeff Marks, Jim Cramer, Bernstein, Brian Niccol, that's, Mark Zuckerberg, Jensen Huang, Elliott, Truist, Eaton, Morgan Stanley, Jefferies, Hershey, Jim Cramer's, Jim Organizations: Micron, AMD, Nvidia, Devices, Starbucks, Club, GE Healthcare, UBS, Bank of America, JPMorgan, Meta, Southwest Airlines, Elliott Management, GE, Jefferies, Wells, Jim Cramer's Charitable, CNBC Locations: China

☆ We're upping our price target on Costco after another steady quarter fortifies our thesis
▼ + stars: | 2024-09-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

The report didn't blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts' expectations of $79.97 billion, according to estimates compiled by LSEG. Costco has succeeded for decades, but the high inflation of recent years has made the company's value-focused ethos really shine. Put it all together, we're increasing our price target on the stock to $950 a share from $875. In the quarter, Costco's membership renewal rate in the U.S. and Canada came in at 92.9%, a tick lower than the 93% rate observed in the third fiscal quarter, while worldwide held constant at 90.5%.

Persons: Gary Millerchip, Ron Vachris, Millerchip, it's, Kirkland, Costco's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Costco, LSEG, Wholesale, Walmart, Club, Amazon, Costco's, Kirkland, Kirkland Signature, Management, U.S, CNBC Locations: Costco's, Yemen, U.S, Canada, Maine, Richmond , California

Analyst Jared Shaw raised his rating on the regional bank to overweight from equal weight and upped his price target by $4 to $14. Analyst Rob Dickerson downgraded the chocolate maker to underperform from hold and slashed his price target by $21 to $163. Analyst Lincoln Kong upgraded U.S.-listed shares to buy from neutral and raised his price target to $22.60 from $16.50. — Alex Harring 5:51 a.m.: BofA hikes Meta price target following Connect event Bank of America sees more room for Meta Platforms to run due to its artificial intelligence possibilities. Starbucks shares are flat year to date, but they have popped more than 20% over the past three months.

Persons: Bernstein, Jared Shaw, NYCB, Shaw, — Alex Harring, Sell Hershey, Jefferies, Rob Dickerson, Dickerson, flatlining, Hershey, Alex Harring, BofA, Ralph Lauren, Christopher Nardone, Justin Picicci, Corey Van der, Nardone, Picicci, Goldman, Bilibili Goldman Sachs, Lincoln, Kong, Bilibili, Justin Post, Post, Metaverse, Meta, Brian Niccol, Danilo Gargiulo, Gargiulo, Niccol, — Fred Imbert Organizations: CNBC, . Bank of America, Barclays, Bancorp New, Bancorp New York Community, Wall, Hershey, America's, Lincoln Kong, Bank of America, Facebook, Meta, Orion, Taco Bell Locations: Bancorp New York, Wednesday's, Thursday's premarket, Bilibili, U.S

☆ Stocks making the biggest moves premarket: Micron Technology, Starbucks, CarMax and more
▼ + stars: | 2024-09-26 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Starbucks — The coffee chain rose more than 2% after Bernstein upgraded the stock to outperform from market perform. New York Community Bancorp — Shares of the regional lender gained more than 4% after Barclays upgraded shares to overweight as it repositions itself following a rocky patch. Micron Technology , chip stocks — Micron shares surged nearly 17% after offering a stronger-than-expected revenue forecast for the fiscal first quarter. Nvidia rose 2%, while U.S.-traded shares of ASML Holding added nearly 5%. Southwest Airlines — The travel stock rose about 5% after Southwest hiked its third-quarter revenue forecast.

Persons: Bernstein, Brian Niccol, Graham Doyle, Bilibili, Goldman Sachs, Jefferies, Elliott, Sonos, Morgan Stanley, Erik Woodring, —, Alex Harring, Samantha Subin, Jesse Pound, Sarah Min Organizations: New York Community Bancorp, Barclays, Micron Technology, Micron, Nvidia, ASML, Bank of America, NRG Energy, GE Healthcare Technologies, UBS, Jefferies, Southwest Airlines, Southwest, Elliott Management Locations: U.S, China, Bilibili —, dealmaking

☆ Trump ally Matt Gaetz says House Ethics panel issued subpoena for him in sex, drug probe
▼ + stars: | 2024-09-26 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

Rep. Matt Gaetz said Thursday that he has learned the House Ethics Committee will subpoena him as it investigates whether the Florida Republican engaged in sexual misconduct with a minor or illicit drug use. Gaetz, a close ally of former President Donald Trump, made the statement in an angry letter to the Ethics Committee that declared he will "no longer voluntarily participate" in the panel's probe. Gaetz said he understands that a subpoena has been "issued, but not served" — but did not say whether he would comply with the subpoena. An Ethics Committee spokesman declined to comment on the letter. Gaetz reportedly helped Trump prepare for his Sept. 10 presidential debate with Vice President Kamala Harris, the Democratic nominee.

Persons: Matt Gaetz, Donald Trump, Gaetz, Michael Guest, Susan Wild of, Kevin McCarthy, McCarthy, Trump, Kamala Harris Organizations: U.S, Capitol, Security, Florida Republican, Constitution, Republican, Trump, GOP, Democratic Locations: Florida, U.S, United States, Susan Wild of Pennsylvania, Congress

☆ Veteran investor Dietze names the sectors — and stocks — he likes right now
▼ + stars: | 2024-09-26 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Favorable valuations Small-cap stocks are one area Dietze is watching closely, given that they are trading at a "discount." Interest in small-cap stocks picked up in July and while the outlook has been mixed, he likes that "valuations are favorable" right now. Emerging markets Another popular segment Dietze is focusing on is emerging markets, thanks to the potential from their rapidly growing population numbers. Countries classified as emerging markets include China, India, South Korea, Taiwan and Brazil. Year-to-date, the MSCI Emerging Markets Index is up 0.56%.

Persons: Dow Jones, David Dietze, CNBC's, Dietze's, Russell, Jerome, Dietze, Hershey, —, Jesse Pound Organizations: U.S, U.S . Federal, mull, Dow, Nasdaq, Federal, CNBC, Myers Squibb, BHP Group Locations: U.S ., U.S, China, India, South Korea, Taiwan, Brazil, Bristol

☆ The Fed slashed interest rates last week, but Treasury yields are rising. What's going on?
▼ + stars: | 2024-09-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The Treasury market, though, hasn't been paying attention. Watching the curveThe difference between the 10- and 2-year notes has widened significantly, increasing by about 12 basis points since the Fed meeting. That sentiment is evident in the "breakeven" inflation rate, or the difference between standard Treasury and Treasury Inflation Protected Securities yields. The 5-year breakeven rate, for instance, has risen 8 basis points since the Fed meeting and is up 20 basis points since Sept. 11. watch nowFed officials aim for a 2% inflation rate, and none of the principal gauges are there yet.

Persons: Anna Moneymaker, hasn't, Jonathan Duensing, — haven't, Robert Tipp Organizations: Federal Reserve, Getty, Treasury, Amundi, Fed, CME, Treasury Inflation Locations: Washington , DC

☆ Pennsylvania Democratic lawmaker denies writing racist, homophobic tweets
▼ + stars: | 2024-09-25 | by ( David Chang | Nbc Philadelphia | ) www.nbcnews.com time to read: +4 min

“The revelation of Jimmy Dillon’s past use of the n-word is unsettling. Sen. Jimmy Dillon, D-Philadelphia. James Robinson / Pennsylvania Senate Democratic Caucus“And African Americans aren’t the only ones subject to his offensive slurs and remarks. Dillon has made disparaging comments about the LGBT and Asian communities.”In a response to the SRCC’s allegations, Dillon denied writing the offensive tweets. It’s not happening,” the spokesperson wrote.

Persons: Sen, Jimmy Dillon, Dillon, —, Jimmy Dillon’s, Cody Harbaugh, James Robinson, ”, “ I’m, MAGA, ” Dillon, John Sabatina, Joe Picozzi, ” Harbaugh, Jay Costa, “ They’re, they’re, Brittany Crampsie, Dillon’s, “ Organizations: PHILADELPHIA, Pennsylvania Democratic, Pennsylvania Senate Republican, Twitter, Pennsylvania, Democratic Caucus, Republican, Senate Democrat, Senate Democratic, Committee Locations: Pennsylvania, Philadelphia, ”, Northeast Philadelphia

Trump was surrounded by Secret Service agents at his North Carolina event on Wednesday as he greeted supporters in the rope line. Congress just approved funding for both Harris and Trump to receive presidential-level protections, which one security expert said was unprecedented. “They are all now getting presidential-level protection from the U.S. Secret Service, which has never been done before,” said Evy Poumpouras, a former Secret Service agent. In a statement Tuesday, Trump campaign spokesperson Steven Cheung disclosed that Trump had received an intelligence briefing about Iran. An official with the Trump campaign said it had no intention of altering or modifying its campaigning after this briefing.

Persons: Donald Trump, Trump, ”, Kamala Harris, Harris, Evy Poumpouras, ” Poumpouras, Mark Felix, Kimberly Cheatle, Ryan Routh, Joe Biden’s, Covid, Ronald Rowe, Butler, “, Donald, Jim Watson, Steven Cheung, ” Cheung, ” Trump Organizations: Secret Service, Service, NBC, Marine, Naval Observatory, Trump, Secret, Getty, ”, Authorities, Republicans, Democratic Party, Harris, Tempe , Arizona . Police, Air Force, “, National Intelligence Locations: Iran, North Carolina, Carolina, U.S, Butler , Pennsylvania, West Palm Beach , Florida, Tempe , Arizona, AFP, United States

☆ Former Houston officer found guilty of murder in deaths of couple during drug raid
▼ + stars: | 2024-09-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

HOUSTON — A former Houston police officer was convicted Wednesday of murder in the deaths of a couple during a 2019 drug raid that revealed systemic corruption problems within the police department’s narcotics unit. A jury found Gerald Goines guilty of two counts of murder in the January 2019 deaths of Dennis Tuttle, 59, and his 58-year-old wife Rhogena Nicholas. Goines looked down and did not visibly react as the verdict was read in a Houston courtroom. Goines’ attorneys argued during the trial that the first to fire at another person was Tuttle and not police officers. The probe into the drug raid also uncovered allegations of systemic corruption.

Persons: HOUSTON, Gerald Goines, Dennis Tuttle, Rhogena Nicholas, Goines, ”, Dennis, Keaton Forcht, Nicole DeBorde, Jeff Wolf, Wolf, Nicholas, Tuttle, George Floyd, Floyd Organizations: Houston, Prosecutors, Texas, Goines Locations: Houston, Texas, Federal

☆ Elon Musk’s popularity plummets to 6% among Democrats, poll finds
▼ + stars: | 2024-09-25 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Elon Musk’s support among Democrats has withered to a new low as he has embraced Republican politics, according to a national NBC News poll. Only 6% of Democrats in the poll, which was conducted Sept. 13-17, said they had positive feelings about Musk, while 79% said they had negative feelings. The numbers were flipped for Republicans, with 62% having positive feelings toward him and 14% negative feelings. Musk didn’t respond to a request for comment Tuesday. Overall public support for Musk is negative, with 34% holding positive views and 45% negative views, according to the poll.

Persons: Elon, Donald Trump, “, ”, Jeff Horwitt, Democratic pollster, Bill McInturff, ” Horwitt, Musk, Kamala Harris Organizations: Republican, NBC News, Hart Research Associates, Democratic, SpaceX, Bloomberg, NBC, Trump, Democrats

☆ UNLV QB quits, claims 'commitments' were unfulfilled in what could be first midseason pay dispute in college football
▼ + stars: | 2024-09-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | David K. Li | ) www.nbcnews.com time to read: +2 min

UNLV quarterback Matthew Sluka quit his undefeated team on Tuesday, claiming undisclosed "commitments" to him weren't fulfilled in what could be first midseason pay dispute in college football history. Sluka enrolled at UNLV this year after four solid seasons at Holy Cross, which competes at the secondary level of college football. By quitting UNLV (3-0) before playing in his fourth game, Sluka preserves that year of eligibility and could play elsewhere in 2025. "I have decided to utilize my redshirt year and will not be playing in any additional games this season," Sluka wrote on Instagram Tuesday. UNLV is also at the heart of fast-moving conference affiliation shifts with schools playing musical chairs and changing leagues to chase maximum TV profits.

Persons: Matthew Sluka, weren't, Sluka Organizations: UNLV, NCAA, Holy, Associated Press, Rebels, Mountain West Conference, San Diego, Utah State, Big, ACC, The Rebels, Fresno State Locations: Kansas, Boise State, Colorado State, Fresno State, San, San Diego State

☆ Poll: Project 2025 is broadly known and severely unpopular with voters
▼ + stars: | 2024-09-25 | by ( Faith Wardwell | Faith Wardwell Is An Intern At Nbc News. | ) www.nbcnews.com time to read: +3 min

About 57% of registered voters report feeling negatively about Project 2025, with 51% saying they see the proposal “very” negatively and another 7% saying they view it “somewhat” negatively. Just 4% of voters reported viewing the conservative policy plan positively. Voters who identify as "MAGA Republicans" reported viewing Project 2025 in a slightly more positive light, with 28% saying they held a negative view of the proposal and another 9% saying they view the plan positively. Democrats have made efforts to tie Trump to Project 2025, a conservative policy roadmap from the Heritage Foundation aimed at laying the groundwork for a future Republican administration. “I know nothing about Project 2025,” Trump said in a Truth Social post in July.

Persons: Kamala Harris, Donald Trump, Trump, ramped, MAGA, Taylor Swift, Elon Musk, Harris, —, Russ Vought, Ben Carson —, “, ”, ” Trump Organizations: Democratic Party, NBC, Voters, MAGA Republicans, Republican, Democratic, Democrats, Trump, Heritage Foundation, of Management, Urban, America, Force, Convention, NBC News

☆ Trump briefed by intelligence officials about ongoing Iranian threats to assassinate him, campaign says
▼ + stars: | 2024-09-25 | by ( Raquel Coronell Uribe | Dan De Luce | Raquel Coronell Uribe Is A Breaking News Reporter. | ) www.nbcnews.com time to read: +2 min

Top U.S. intelligence officials briefed former President Donald Trump on Tuesday about threats from Iran to assassinate him, a Trump campaign spokesperson said. “Intelligence officials have identified that these continued and coordinated attacks have heightened in the past few months, and law enforcement officials across all agencies are working to ensure President Trump is protected and the election is free from interference." The Secret Service ramped up security around Trump this year when the Biden administration received intelligence about an alleged Iranian plot to assassinate Trump. Trump told the Daily Mail last month that he was refusing intelligence briefings so he would not be accused of leaks. The Trump campaign did not immediately respond to a request for comment.

Persons: Donald Trump, Trump, Steven Cheung, Harris, Biden, Ryan Routh, Kamala Harris, Joe Biden Organizations: Trump, National Intelligence, “ Intelligence, United Nations, News, Daily Mail, White Locations: Iran, United States, New York, Trump, Butler , Pennsylvania, West Palm Beach , Florida

☆ Opinion | To Win in North Carolina, Democrats Need to Get Out of Town
▼ + stars: | 2024-09-25 | by ( Mara Gay | ) www.nytimes.com time to read: +1 min

Of all the battleground states, few have proved as elusive to Democrats running for president over the past decade as North Carolina. Mr. Trump notched his narrowest margin of victory in North Carolina in 2020, and this year, local Democrats believe they can win. Republicans in the state are steeping in extremism and last year overrode Mr. Cooper’s veto to enact a 12-week abortion ban. But the extremism doesn’t stop with Mr. Robinson. Though she is running for a job that would supervise public schools in the state, her platform promotes her experience home-schooling her children.

Persons: Barack Obama, Trump, Roy Cooper, Cooper’s, Mark Robinson, ”, Robinson, “, Michele Morrow, Biden Organizations: Democratic, Gov, Republicans, Republican, CNN, Nazi Locations: North Carolina, L.G.B.T.Q

☆ It's not a great fall housing market, but this is 'as good as it gets,' economist says
▼ + stars: | 2024-09-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

While housing affordability remains a challenge for many buyers in the U.S., conditions are somewhat improving due to lower mortgage rates. Buyers need to earn $115,000 to afford the typical home in the U.S., according to a new report by Redfin, an online real estate brokerage firm. Both declines stem from lower mortgage rates, said Daryl Fairweather, chief economist at Redfin. "The only reason mortgage payments are down is because of the rate effect," Fairweather said. While housing overall continues to be unaffordable for most buyers, "this is as good as it gets," said Orphe Divounguy, senior economist at Zillow, as the market is generally seeing lower mortgage rates, more inventory and low buyer competition.

Persons: Redfin, Daryl Fairweather, Freddie Mac, Fairweather, Orphe Divounguy Organizations: Finance, Federal Reserve, Vanguard Locations: U.S

☆ Oil prices steady as China stimulus hopes fade, U.S. crude stockpiles fall
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +2 min

General view of the Towers and oil platforms of the State oil Company of Venezuela, Venezuelan oil Company SA. Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the world's biggest crude importer, though an industry report showing falling U.S. crude and fuel inventories supported the market. Analysts, however, warned that more fiscal help was needed to boost confidence in the world's second-largest economy, which reduced the initial impact on oil prices from the announcement. Still, declining U.S. crude oil and fuel stockpiles provided some support for the market, which has generally risen since prices fell to their lowest since 2021 on Sept. 10. U.S. oil stockpiles dropped by 4.34 million barrels last week while gasoline inventories fell by 3.44 million barrels and distillate stocks fell by 1.12 million barrels, according to market sources citing American Petroleum Institute figures on Tuesday.

Persons: Ibrahim Qubaisi, Israel, Qubaisi Organizations: State, Company, Venezuelan, Company SA, Brent, . West Texas, China, American Petroleum Institute, Hezbollah, Wednesday, Israel, Gulf Locations: Venezuela, China, U.S, East, Iran, Lebanon, Israel, Florida, Texas , Louisiana, Mississippi

☆ Investors should still keep emergency funds liquid after the Fed's interest rate cut, advisor says
▼ + stars: | 2024-09-25 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

After years of higher yields on cash, the Federal Reserve's shifting policy means lower future returns on savings, certificates of deposit and money market funds. Despite falling rates, investors should still keep emergency funds "liquid," meaning the cash can be easily tapped, financial experts say. Banks use the federal funds rate to lend to and borrow from one another. Meanwhile, the biggest retail money market funds were still paying around 5%, as of Sept. 24, according to Crane Data. If you have been earning 4% to 5% on emergency savings, you could see a "small reduction" in the short term, said Kenealy, who recommends keeping emergency funds where they are.

Persons: Kathleen Kenealy, Banks, Kenealy Organizations: Finance, Data Locations: Woburn , Massachusetts

☆ 'Don't fight the Fed': Barclays and Citi turn bullish on these stocks after rate cut
▼ + stars: | 2024-09-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The move prompted Wall Street giants Barclays and Citi to adopt a more optimistic stance on global cyclical stocks. Barclays believes the Federal Reserve's actions are "clearly designed to pull out all the stops to achieve a soft landing" for the economy. Barclays strategists noted that "cyclicals typically rebounded steadily after the Fed started its rate cut cycle ... as long as it was not followed by a recession." Citi strategists share a similar outlook for European stocks. "The scale of the downgrades has become so extreme of late that we're now approaching a point where negative ERI may be a useful contrarian indicator," the Citi strategists said.

Persons: Emmanuel Cau, Beata Manthey, we're, Safran, Atlas, — CNBC's Michael Bloom Organizations: Federal Reserve, Wall Street, Barclays, Citi, Fed, Siemens, BBVA, ING, Holcim, ASM Locations: United States

☆ Dow futures are little changed after index breaks four-day winning run: Live updates
▼ + stars: | 2024-09-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Futures tied to the Dow Jones Industrial Average were little changed on Wednesday night after the index broke a four-day win streak. Dow futures slipped 16 points, or 0.04%. S&P 500 futures rose 0.1%. The semiconductor manufacturer was trading 14% higher in Wednesday's extended trading session after issuing strong guidance for the current quarter. In regular trading, both the S&P 500 and the Dow retreated from their records to close lower.

Persons: Dow, Tom Lee, Dow Jones, Jerome Powell, John Williams Organizations: New York Stock Exchange, Futures, Dow Jones, Dow, Nasdaq, Micron Technology, Lam Research, Fundstrat Global Advisors, Federal Reserve, New York Fed, CarMax, Accenture, Costco Wholesale

☆ Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment
▼ + stars: | 2024-09-25 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

A protestor holds a placard with a slogan reading "Stop Merger Horror" during a union demonstration outside the Commerzbank AG headquarters in Frankfurt, Germany, on Tuesday, Sept. 24, 2024. It follows UniCredit's move to take a 9% stake in Commerzbank earlier this month. watch nowScholz on Monday criticized UniCredit's decision to up the ante on Commerzbank, describing the move as an "unfriendly" and "hostile" attack, Reuters reported. Commerzbank's Deputy Chair Uwe Tschaege, meanwhile, reportedly voiced opposition to a potential takeover by UniCredit on Tuesday. The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.

Persons: it's, UniCredit, Octavio Marenzi, Opimas, CNBC's, Olaf Scholz, He's, Marenzi, Scholz, UniCredit's, Uwe Tschaege, Tschaege, Andrea Orcel, Stefan Wittman, Germany's Scholz, Craig Coben, Coben, Emanuele Cremaschi Organizations: Commerzbank, Bloomberg, Getty, CNBC, Reuters, UniCredit, BBVA, Banco Sabadell, Bank of America, AG Locations: Frankfurt, Germany, Berlin, Milan, Commerzbank, Spanish

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