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☆ CNBC Daily Open: Meta outperformance
▼ + stars: | 2023-10-26 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

(Photo by Spencer Platt/Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In its third-quarter earnings report, the Facebook parent said revenue increased 23%, its fastest rate of growth since 2021. Meta is seeing faster growth in its core digital advertising business as clients rebound from a tough 2022. Meta said it expects revenue of $36.5 billion to $40 billion for the fourth quarter.

Persons: Stocks, Spencer Platt, Ford, Mattel, Meta, Mark Zuckerberg’s, Susan Li, —, Jonathan Vanian Organizations: NEW, New York Stock Exchange, Labor Department, Getty, CNBC, Labor, United Auto Workers, IBM, Wall, Google, Meta, Labs, Treasury Locations: New York City, China, Israel

☆ Sam Bankman-Fried Will Take the Rare Step of Testifying
▼ + stars: | 2023-10-25 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Bankman-Fried could testify at his fraud trial as soon as Thursday, but taking the stand has proven perilous for past white-collar defendants. Rarely does the testimony lead to an acquittal. Instead it often sinks their credibility with jurors. Here are a few cases in which defendants chose to testify. Spencer Platt/Getty Images

Persons: Fried, Spencer Platt Organizations: Getty

☆ The economy probably showed gangbuster growth in the third quarter. But will it last?
▼ + stars: | 2023-10-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

If the projection is correct, it will be the strongest output since the fourth quarter of 2021, when growth was just shy of 7%. However, policymakers, economists and markets will be focused more on forward-looking signals from an economy that repeatedly has defied expectations. For Q3, GDPNow is projecting growth of 5.4%, with more than half — 2.77 percentage points — to come from consumer spending. That expectation intensified during a brief banking industry crisis in March 2023 that the Fed expected would constrain credit enough to bring about a downturn. Central bank officials have raised rates aggressively while professing to not want to drag the economy into recession.

Persons: Spencer Platt, Dow, Joseph LaVorgna, Goldman Sachs, Donald Trump, LaVorgna, Steven Ricchiuto, Ricchiuto, —, Quincy Krosby, that's Organizations: Getty, Gross, Dow Jones, Commerce Department, Nikko Securities America, Federal Reserve, Fed, White, Mizuho Securities USA, Department, Treasury, LPL Locations: Manhattan, New York City, U.S

In 2001, following the 9/11 terror attacks, anti-Muslim motivated crimes became the second highest reported among religious-bias incidents, according to FBI data. Two of the attackers have been charged with assault and menacing as a hate crime; four others remain at large, according to the complaint. She was charged with assault as a hate crime, and other charges, the complaint states. A 28-year-old man was arrested this week and charged with a hate crime and aggravated assault. “Hate crime is still down but since the incident in Gaza, there has been an uptick,” Kenny said.

Persons: ”, Zein Rimawi, “, –, it’s, Scott Richman, Spencer Platt, profanities, ‘, Richman, ” Richman, Ahmed, they’ve, “ There’s, Japneet Singh, Singh, he’s “, Kena Betancur, Gracie, Eric Adams, ” Singh, “ It’s, Joe Kenny, ” Kenny, Karine Jean, Pierre, ” Jean, Biden Organizations: New, New York CNN, Islamic Society, Israel, CNN, Hamas, Israel Defense Forces, FBI, Department of Homeland Security, National Counterterrorism Center, Defamation League, ADL, Palestine, Columbia University, Grand Central, Columbia, Getty, Islamic, ’, New York police, New York Police Department, Sikh Coalition, “ Hamas, White House Press Locations: New York, United States, Israel, Brooklyn , New York, Bay, American, New York City, New Jersey, Brooklyn’s Bay, Midtown Manhattan, Chicago, Plainfield Township , Illinois, Palestine, ’, Gaza, ’ Chicago, Brooklyn, AFP, Palestinian American

☆ Debate over the Israel-Gaza war has raised tensions – and the stakes – on college campuses
▼ + stars: | 2023-10-19 | by ( Eric Levenson | ) edition.cnn.com time to read: +32 min

Ronen Zvulun/Reuters A woman mourns over a dead man at the Al-Aqsa Martyrs Hospital in Gaza City on Wednesday, October 18. Alexi J. Rosenfeld/Getty Images Israeli security inspects debris from a rocket in Kiryat Shmona, Israel, on October 18. Dor Kedmi/AP Fire and smoke rise above buildings in Gaza City during an Israeli air strike on October 13. Erik Marmor/AP Six-month-old Sama Alwadia is rescued from the rubble in Gaza City on October 9. Ramez Mahmoud/AP A plume of smoke rises in the sky over Gaza City during an Israeli airstrike on October 9.

Persons: ”, Michelle Deutchman, Spencer Platt, Jon Fansmith, “, ” Fansmith, you’ll, Eboo Patel, they’re, ” Patel, Bill Ackman, Larry Summers, ” Summers, Claudine Gay, —, Gay, ” “, Khan, Yasser Qudih, Ofir Libstein, Aza, Ronen Zvulun, Belal Khaled, Abed Rahim Khatib, Leon Neal, Hod, Alexi J . Rosenfeld, Ayal Margolin, Antony Blinken, Joe Biden, Benjamin Netanyahu, Brendan Smialowski, Ali Jadallah, Biden, Netanyahu, Kenny Holston, Abed Khaled, Ariel Schalit, Mohammed Abed, Kfar Aza, Ilia Yefimovich, Mustafa Hassona, Mahmoud Khaled, Samar Abu, Fatima Shbair, Dor Reder, Violeta Santos Moura, Shir Torem, Wahaj Bani Moufleh, Antonio Macías, Macías, Francisco Seco, Mohammed Saber, Eli Albag, Liri, Mohammed Talatene, Sergey Ponomarev, Hatem Ali, Dor Kedmi, Mahmud Hams, Saher, Hatem Moussa, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Yousef Masoud, Ibrahim Hams, Bashar Taleb, Baz Ratner, Jack Guez, Yahya Hassouna, Mapal Adam, Abed Zagout, Tamir Kalifa, Agha, Ibraheem Abu Mustafa, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, Mohammed Salem, CNN Sergey Ponomarev, Eden Guez, Atef Safadi, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Amir Cohen, Ilai Bar Sade, Erik Marmor, Oren Ziv, Majdi, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ahmad Gharabli, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, Idan Ofer, Batia, Les Wexner, Abigail, Israel, Liz Magill, ” Magill, Marc Rowan, Ronald Lauder, David Magerman, Jon Huntsman, ” Huntsman, Magill, Israel “, Winston, Strawn, “ Winston, Ryna Workman, ” Workman, Russell Rickford’s, ” Rickford, Abeer AbouYabis, Adolf Hitler Organizations: CNN — College, CNN, University of California National Center for Free, ” Columbia University, Getty Images Columbia, Getty, American Council, Education, Interfaith America, “, Harvard, Ivy League, University of Pennsylvania, Harvard Palestine Solidarity Groups, Harvard University, Reuters, Regional, Al, Aqsa Martyrs Hospital, Israel's, Ahli Baptist Hospital, Israel Defense Forces, Israeli, Ben Gurion International, New York Times, Shifa, Palestinian, AP, West Bank, Aris Messinis, Haim, Mount, Mount Herzl Military, Nova, Anadolu Agency, Nova Festival, Ben Gurion, Rockets, United Nations, Reuters Police, Reuters Rockets, Harvard Crimson, Penn, Apollo Global Management, Venture, UPenn, Faculty, New York University, NYU Student Bar Association, NYU, Winston, Stanford University, Cornell, ” Cornell University, Cornell Daily Sun, Emory University, Emory Winship Cancer Institute Locations: United States, Israel, Gaza, New York City, Khan Younis, Yehuda, Aqsa, Gaza City, Rafah, Tel Aviv, Hod HaSharon, Kiryat Shmona, AFP, Al, Ahli, Anadolu, Sderot, Gan, Kfar, North Sinai, Egypt, Samar, Samar Abu Elouf, Beit Kama, Haifa, Cyprus, Nablus, West, Lebanon, Kfar Saba, Israeli, Be'eri, Rehovot, Mount Herzl, Jerusalem, Kibbutz Be'eri, Modiin Maccabim, Kfar Aza, Ashkelon, Mount Herzel, Yassin, Palestinian, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, Harvard’s, UPenn, Palestine

☆ We're exiting an oil stock, taking profits after a blockbuster buyout announcement
▼ + stars: | 2023-10-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

We are exiting our position in Pioneer Natural Resources (PXD), selling 300 shares at roughly $249.34 each. Following Monday's trade, Jim Cramer's Charitable Trust will no longer own a position in PXD. 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's, there's, Jim Cramer, Jim, Spencer Platt Organizations: Natural Resources, Exxon Mobil, Exxon, Coterra Energy, CNBC, New York Stock Exchange, Getty Locations: PXD, New York City

☆ Here are 3 things to watch in the stock market after a very difficult week
▼ + stars: | 2023-10-14 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +10 min

MS YTD mountain Morgan Stanley YTD We certainly hope Morgan Stanley's numbers are as good as Friday's report from our other bank holding Wells Fargo (WFC). Morgan Stanley is expected to grow revenue by more than 2% year over year to $13.2 billion in the third quarter. During a recent conference, Morgan Stanley executives said that capital markets will likely improve in 2024. Shares of Morgan Stanley have struggled this year, dropping more than 8% compared to the S & P 500's nearly 13% advance in 2023. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, WTI, Jerome Powell's, There's, Patrick Harker, John Williams, Harker, Austan Goolsbee, Lorie Logan, Powell, Christopher Waller, Philip Jefferson, Waller, Jefferson, – Morgan Stanley, Gamble –, Morgan Stanley YTD, Morgan, Jim Cramer, Morgan Stanley, there's, Gamble, Jim, we'll, Charles Schwab, Goldman Sachs, Johnson, Philip Morris, — CNBC's Zev Fima, Jim Cramer's, Spencer Platt Organizations: Nasdaq, Dow, Columbus Day, West Texas, Federal Reserve, Club, Fed, Market, Philadelphia Fed, New York Fed, Chicago Fed, Dallas Fed, United Auto Workers, General Motors, Chrysler, Ford, National Association of Realtors, Procter, Procter & Gamble, Natural Resources, Exxon Mobil, Coterra Energy, of America, United Airlines, Gamble, Housing, Netflix, Alcoa, American Airlines, Taiwan Semiconductor Manufacturing Company, Alaska Air, CSX, American Express, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Israel, U.S, New, Wells, KBW, Silicon, Manhattan, New York City

☆ Amazon's latest sales event demonstrates 'the power of the Prime subscription'
▼ + stars: | 2023-10-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Amazon's two-day Prime Big Deal Days on Tuesday and Wednesday "outpaced" last year's inaugural "holiday kickoff" event , the company said Thursday. The event is a follow-up to Amazon's main Prime Day sale held in July. In the last two years, however, its market share has flatlined," Lipsman said. Still, Amazon's latest Prime event is "a strong indicator of consumer demand heading into the holiday season," he said. An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023.

Persons: Amazon's, Jeff Marks, Andrew Lipsman, Lipsman, That's, Goldman Sachs, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Investing, Amazon, U.S . Federal Trade, Intelligence, CNBC, Getty Locations: East, New York City

☆ A new docuseries follows Juul’s catastrophic crash and burn
▼ + stars: | 2023-10-11 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

If you were a millennial, brought up amid secondhand smoke in homes and restaurants in the ’80s and ’90s (like this writer), Juul’s rise might not have felt so alarming. But if you were a teenager, Juul’s impact was immediately striking — and likely unnerving for your parents — as explored in a new Netflix docuseries. “Big Vape” neither neatly ties up Juul’s troubles nor addresses the company’s motives. Bulls***t.”“Big Vape: The Rise and Fall of Juul” is out now on Netflix. Watch: “Thank You for Smoking” (2005)This Jason Reitman-directed black comedy follows Big Tobacco lobbyist Nick Naylor (Aaron Eckhart), who spins, spins, spins the narrative by any means necessary, his job at odds with his role as parent to a 12-year-old.

Persons: R.J . Cutler, “, Juul, Gabby Jones, James Monsees, Adam Bowen, David Pierce —, Pierce, Juul’s splashy, “ James, Adam, ”, Jamie Ducharme, — Bella Hadid, Dave Chapelle, Adele, Jennifer Lawrence, ” Chase Amiratta, Spencer Platt, ‘, ’ ”, Erica Halverson, Jamie Ducharme’s, Stanford grads ’, —, Jason Reitman, Nick Naylor, Aaron Eckhart, Pets.com ”, Pets.com, Anna Lembke, Dr Organizations: CNN, Netflix, Juul Labs, Food and Drug, Apple, Bloomberg, Getty, Washington D.C, Bulls, Stanford, ., Big Tobacco Locations: “, New York , California , Massachusetts, New Mexico , Illinois, Colorado, Washington, Juul

☆ 15 stocks with a history of dividend growth are expected to deliver once again this year
▼ + stars: | 2023-10-10 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

Broadcom (AVGO), Caterpillar (CAT) and Eli Lilly (LLY) are among the 15 Club stocks with a streak of annual dividend growth that Wall Street expects to continue in their current fiscal years. Long-term investors should look to own companies with a history of dividend growth instead of chasing stocks with high yields, Morgan Stanley strategists said in a note to clients this week. However, Morgan Stanley's note made us curious to screen our portfolio for stocks with strong dividend growth track records that are expected to persist. To help us project which stocks will keep their dividend growth streaks alive, we also examined analyst estimates for total per-share payouts in their current fiscal year. Bottom line In any case, dividend growth over time is certainly welcome and can help increase total investment return, assuming the distributions are reinvested instead of taking cash.

Persons: Eli Lilly, Morgan Stanley, Jim Cramer, —, Jim, Morgan Stanley's, Stanley Black, Decker, Eli Lilly Honeywell, we're, Gamble, Jim Cramer's, Spencer Platt Organizations: Broadcom, Caterpillar, Trust, Club, Companies, Natural Resources, Procter, Gamble, Emerson Electric, Apple, Broadcom Costco Wholesale, LIN, Microsoft, Oracle, CNBC, New York Stock Exchange, Getty

☆ Black UAW workers won progress in America's auto industry. They are on strike for its future
▼ + stars: | 2023-10-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +12 min

The percentage of Black workers in the auto industry today is more than double their share of the workforce overall. But the decline in US auto jobs and the erosion of unions have hit Black workers hardest. Black workers are likelier to belong to unions, in any industry, compared to White and Hispanic workers. Black union workers earn on average 16.4% higher wages than non-union Black workers, and they are likelier to have health care and retirement benefits, studies show. Hard-won gains disappearSoon after Black auto workers broke into better paying jobs, the US auto industry began its long decline, decimating Black communities in particular.

Persons: Lynda Jackson’s, Jackson, ” Jackson, ” Lynda Jackson, Lynda S, Emily Elconin, ”, Tiffanie Simmons, Simmons, Steven Pitts, Luke Sharrett, Tesla, “, ” Pitts, Jim Crow, Henry Ford, Nelson Lichtenstein, “ Walter Reuther, Ford, Irving Haberman, Kevin Boyle, Boyle, Philip Randolph, Randolph, Franklin Roosevelt, Walter Reuther, —, James Meredith, Martin Luther King, Jr, Roy Wilkins, Phillip Randolph, Walther Reuther, Martin Luther King Jr, Reuther, ” Boyle, Spencer Platt, Josh Bivens, Biden, Erica Smiley, ” Smiley Organizations: New, New York CNN, Chrysler, Ford, General Motors, United Auto Workers, UAW, Detroit’s, Processing, Bloomberg, Getty, Ford Motor, Economic Policy Institute, UC Berkeley Labor Center ., Tesla, Ku Klux Klan, University of California, America, Northwestern University, Jobs, Walther Reuther . Express, Hulton, Southern Christian Leadership Conference, The League, Revolutionary Black Workers, Black, Economic, Institute, P Global Market Intelligence, Justice Locations: New York, Alabama, Detroit, America, Ypsilanti , Michigan, Wayne , Michigan, Detroit , Michigan, White, Fremont , California, . Mississippi, sharecropping, Chicago , New York, Pittsburgh, Cleveland, AFP, Santa Barbara, Ford's, Rouge, Dearborn , Michigan, Washington, Birmingham, Selma, Black, Flint, Midwest, autoworkers

We bought into this malaise — picking up 15 Humana shares . It's taken some patience, but Humana shares finally broke through $500 in Friday afternoon trading. 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's, Humana, It's, we've, Jim Cramer, Jim, Spencer Platt Organizations: Humana, CNBC, New York Stock Exchange, Getty Locations: New York City

☆ Here are all the portfolio moves the Club made in this week's oversold market
▼ + stars: | 2023-10-06 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

With the stock market deeply oversold this week, we put cash to work by picking stocks across a range of sectors including energy, technology and materials. With the market oversold, per the S & P 500 Short Range Oscillator , our investment discipline called for us to search for any dislocations within the portfolio. Tech stocks remained under pressure Tuesday afternoon, giving us an opportunity to buy 7 shares of Broadcom and lower our cost basis. But stocks returned to the red Thursday, and the market remained firmly in oversold territory. However, the market reversed course in midday trading, with all three major U.S. stock benchmarks trading sharply higher.

Persons: chipmaker, we've, –, Corona –, Jim, Elliott, We'd, Jim Cramer's, Jim Cramer, Spencer Platt Organizations: Coterra Energy, Devices, Broadcom, Starbucks, AMD, Tech, VMWare, Management, Wall, DuPont de Nemours, Oracle, Constellation Brands, DuPont, Modelo, Corona, Constellation, Elliott Management, U.S . Labor Department, Humana, CNBC, New York Stock Exchange, Getty Locations: China, oversold, ORCL, New York City

We're buying 75 shares of Oracle (ORCL) at roughly $107.96 each. Following Thursday's trade, Jim Cramer's Charitable Trust will own 650 shares of ORCL, increasing its weighting to 2.54% from 2.26%. That's why we are buying more Oracle — bulking up our position size into the stock's recent weakness. Oracle stock pulled back in September after the company missed on quarterly revenue estimates and provided an outlook that failed to live up to lofty expectations. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Mary Daly, Daly, Safra Catz, Catz, Jim Cramer, Jim, Spencer Platt Organizations: Oracle, ORCL, San Francisco Fed, Treasury, CNBC, New York Stock Exchange, Getty Locations: Manhattan, New York City

☆ Sam Bankman-Fried isn't the only one on trial. The entire crypto industry is.
▼ + stars: | 2023-10-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

But first, we're looking at why FTX cofounder and ex-CEO Sam Bankman-Fried's criminal trial has implications that could upend the entire crypto industry. Bankman-Fried, the cofounder and ex-CEO of crypto exchange FTX, was deeply enmeshed in the crypto ecosystem. The proceedings will likely provide more fascinating details about the inner workings of FTX and the broader crypto industry, potentially airing out its dirty laundry and shortcomings. Chelsea Jia FengThe crypto industry, meanwhile, is ready to move on. Some in the crypto industry are embracing a more grown-up approach.

Persons: —, Sam Bankman, Donald Trump's, JANE ROSENBERG, Tom Brady, Kevin O'Leary, Michael Lewis, Katie Balevic, Jacob Shamsian, Grace Kay, Mark Cohen, Caroline Ellison, Chelsea Jia Feng, they'll, Spencer Platt, what's, Michael M, Arvind Krishna, Rahul Pandey's, Seth Wenig, AP Trump, scowled, Donald Trump, Tyler Le, Dianne Feinstein's, Kamala Harris, Sen, Chuck Schumer, Marc Anthony, Sofia Reyes, Pluma, Bad, Wells, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan, Annie Smith, Shona Ghosh, Jack Sommers, Spriha Srivastava Organizations: Service, Tech, Chelsea, Financial, Fidelity, PayPal, Visa, Getty, Treasury, Wall, Nvidia, IBM's, Meta, AP, IRS, trailblazing, Grupo Frontera, NBA, Dallas Mavericks, Minnesota Timberwolves, Etihad Arena, The Dallas Mavericks, Etihad, Corporation National Media Locations: crypto's, Plenty, trailblazing California, Abu Dhabi, New York City, San Diego, London, New York

☆ Bonds, oil and the dollar: What investors need to know about these 3 headwinds for stocks
▼ + stars: | 2023-10-03 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +11 min

We're talking about this year's rise in bond yields, oil prices and the dollar — all at the time same. Nevertheless, bond yields, oil prices and the dollar always have far-reaching implications for the stock market. "The higher yields, that's what's been pressuring the equity market," Wharton School professor Jeremy Siegel said Monday on CNBC. In early September, the two countries announced their supply cuts would extend through year-end, a surprise decision that added upward pressure on oil prices. The picture is less clear-cut when considering the impact higher oil prices can have on consumers and non-energy companies.

Persons: —, what's, Jeremy Siegel, Brent, WTI, It's, Siegel, Wharton's Siegel, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, U.S, multiweek United Auto Workers, General Motors, Club, Ford, Wharton, CNBC, Federal, Fed, Dow Jones, West, Brent, Natural Resources, Coterra Energy, Consumers, JPMorgan, Procter, Gamble, Apple, New York Stock Exchange, Getty Locations: U.S, Ukraine, West Texas, Saudi Arabia, Russia, tailwind, headwind

☆ What’s New in the Best Managed Companies Rankings in 2023
▼ + stars: | 2023-09-30 | by ( Rick Wartzman | Kelly Tang | ) www.wsj.com time to read: 1 min

The American Opportunity Index analyzes massive data sets of career histories, job postings and wages to describe the real-world experiences of millions of U.S. workers. Photo: Spencer Platt/Getty ImagesIn the aftermath of World War II, as America’s industrial economy was taking shape, management scholar Peter Drucker worried whether business was up to meeting one of its most important responsibilities: offering “equal opportunities for advancement.”“Although the opportunities are infinitely great in a big organization, the chances of being overlooked and the danger of being misplaced and forgotten in a corner are even greater,” Drucker wrote in his 1946 book “Concept of the Corporation.” Every company, he added, “has to find ways of giving its workers…a chance to show what they can do.”

Persons: Spencer Platt, Peter Drucker, ” Drucker, “, …, ” Organizations: American Opportunity, Corporation, ”

☆ Flash floods foreshadow a threatening reality in New York City
▼ + stars: | 2023-09-30 | by ( Denise Chow | Evan Bush | ) www.cnbc.com time to read: +8 min

Cars drive along a flooded street on Church Avenue amid a coastal storm on September 29, 2023 in the Flatbush neighborhood of Brooklyn borough New York City. And more than a decade after Hurricane Sandy forced officials to rethink the meaning of climate resilience in New York City, it appears there's still much to be done. Kathy Hochul declared a state of emergency for New York City, Long Island and the Hudson Valley, calling the storm a "life-threatening rainfall event." The storm caused about $19 billion in damage to New York City. In densely populated cities like New York, flooding risks are heightened because of the built environment and lack of green spaces.

Persons: Michael M, Hurricane Ida, Hurricane Sandy, Joseph Kane, Steve Bowen, Gallagher, Bowen, Kathy Hochul, Eric Adams, Spencer Platt, Zachary Iscol, Sandy, Superstorm Sandy, Louise Yeung, Yeung, Hurricane Sandy —, Ida, Mona Hemmati, Hemmati, Andrew Kelly Organizations: Brooklyn borough New, Santiago, Getty, Hurricane, Brookings Institute, NBC News, Gallagher Re, . New York Gov, York City, Prospect, Columbia Climate School, New York City Department of Environmental Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, New York City, Brooklyn, New York, New York , New Jersey, Connecticut, Long, Hudson, York, Brooklyn Borough, Zachary Iscol , New York, Hurricane, Atlantic City, New Jersey, Manhattan, Williamsburg, U.S

☆ State of emergency issued for NYC area as heavy rain, flooding expected to last hours
▼ + stars: | 2023-09-29 | by ( Maria Larosa | Janice Huff | ) www.cnbc.com time to read: +8 min

Forecasts are reinforcing the potential for heavy rain centered around the NYC area from Friday into Saturday morning. Parts of New York City have already seen five inches of rain as of 11 a.m. People walk under umbrellas amid heavy rain on September 29, 2023 in the Flatbush neighborhood of Brooklyn borough New York City. Bouts of heavy rain made morning commute nightmarish and conditions only continued to worsen; it will be even more widespread throughout the afternoon and evening. Cars drive through slight flooding on Ocean Avenue amid heavy rain on September 29, 2023 in the Flatbush neighborhood of Brooklyn borough New York City.

Persons: Andrew Kelly, Michael M, Kathy Hochul, Hochul, Ophelia, Taylor, Janno Lieber, Lieber, it's, Spencer Platt, It's, Zach Iscol, Phil Murphy, Murphy, Ravi Bhalla, Bhalla Organizations: NYPD, Reuters, LaGuardia, Brooklyn borough New, Santiago, Getty, New York Gov, Yorkers, NBC, Sunday's Chiefs, Jets, New, NOAA MTA, MTA, Prospect, The New, The New York City Emergency Management Department, Emergency, Getty Images New, Getty Images New Jersey Gov, Schools, New York Public Schools, Mets, Phillies, Citi Field Locations: Manhattan, Williamsburg, New York City, U.S, NYC, New Jersey, Hudson, Connecticut, Flatbush, Brooklyn borough, Brooklyn borough New York City, Long, NBC New York, Ocean, Monmouth, Jersey Shore, Brooklyn, Brooklyn Borough, The New York City, Getty Images New Jersey, Hoboken

We are buying 50 shares of Stanley Black & Decker (SWK) at roughly $83.75 each. With that in mind, we are adding to our position in Stanley Black & Decker . 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: Stanley Black, Decker, Jim Cramer's, It's, Larry Williams, Williams, Jim Cramer, Jim, Spencer Platt Organizations: Stanley, SWK, Treasury, CNBC, New York Stock Exchange, Getty, & ' $ Locations: New York City

Following Thursday's trade, Jim Cramer's Charitable Trust will own 300 shares of PXD, increasing its weighting in the portfolio to 2.4% from 2.2%. PXD @CL.1 YTD mountain Pioneer vs. WTI You might that a stock directly linked to the price of oil would have made a similar move. The divergence here has created an opening to buy more shares as higher oil prices should lead to bigger dividends and larger share repurchases at the company level. U.S. oil prices briefly topped $92 on Tuesday. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, PXD @CL, WTI, Jim, Carley Garner, Rusty Braziel, Jim Cramer, Spencer Platt Organizations: Natural Resources, PXD, Texas, Halliburton, HAL, Coterra Energy, CNBC, New York Stock Exchange, Getty Locations: U.S, Russia, China, India

☆ CNBC Daily Open: Amid uncertainty, an ‘immaculate disinflation’?
▼ + stars: | 2023-09-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Spencer Platt | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. They're all but certain the central bank will keep interest rates the same for now, according to the CME FedWatch Tool. It's the November meeting investors are fretting over. Hence, the Fed's dot plot, which charts where the central bankers think interest rates will be in the short- and long-term, will be closely scrutinized by investors.

Persons: Spencer Platt, Goldman Sachs, Jan Hatzius, it's, Hatzius, Ed Yardeni, they're, Yardeni Organizations: New York Stock Exchange, Getty, CNBC, Yardeni Locations: New York City, U.S

☆ CNBC Daily Open: Wall Street versus main street
▼ + stars: | 2023-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The mood on Wall Street, however, is markedly different. Does Wall Street know something that ordinary U.S. consumers don't? In that open space between breaths, equilibrium between Wall Street and main street may be reached.

Persons: Spencer Platt, there's, Edward Jones, Mona Mahajan, CNBC's, Mahajan, Ray Dalio's, Greg Bassuk Organizations: New York Stock Exchange, Getty, CNBC, University of Michigan, Consumers, Survey, Dow Jones Industrial, Nasdaq, Dow Locations: New York City

☆ We're picking up shares of this tech stock after an unwarranted sell-off last week
▼ + stars: | 2023-09-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Shortly after the opening bell, we will be buying 65 shares of Oracle (ORCL) at roughly $113.77. Following the trade, Jim Cramer's Charitable Trust will own 500 shares of ORCL, increasing its weighting in the portfolio to 1.98% from 1.73%. 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's, Cerner, Jim Cramer, Jim, Spencer Platt Organizations: Oracle, ORCL, CNBC, Getty

☆ New York is cracking down on illegal weed stores as legal market struggles to take hold
▼ + stars: | 2023-09-18 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are selling cannabis. Currently, there are just 23 legal dispensaries open across the state, with only nine in New York City. But its effort has only begun to chip away at the vendors, particularly in New York City. In addition to skirting the tax system, smoke shops operating illegally may also pose significant health risks.

Persons: Spencer Platt, We're, Daniel Haughney Organizations: New, Getty, New York, Office, of Cannabis Management, CNBC, New York state's, Cannabis Management, New York City, New York Medical Cannabis Industry Association, Cannabis Control Locations: New York City, New York, New

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