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☆ Watch out: These stocks reporting next week are primed for earnings blowups
▼ + stars: | 2024-07-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

The first full week of earnings kicked off earlier this week, with results from some of the biggest banks on Monday and Tuesday. Its estimated EPS for the current quarter has fallen more than 16% to 94 cents a share. The stock has been under pressure during this stretch, dropping 11.6% in the past three months as of Tuesday's close. Southwest Airlines made the list after receiving 28 downward EPS revisions, resulting in a consensus estimate that fell 35.1% in the three months. Last month, Charlotte-based steelmaker Nucor cut its second-quarter earnings guidance , a major factor behind analysts' 21 earnings estimate cuts over the past three months.

Persons: postmarket, Elliott, Bob Jordan, Gary Kelly Organizations: United Airlines, Netflix, CNBC, Starbucks, Southwest Airlines, Elliott Management, Dominion Freight, Intel Corp Locations: Dallas, Charlotte, Nucor

It's your last chance to shop Amazon Prime Day deals on tech, beauty products, vacuums and more. SKIP AHEAD The best Prime Day deals | More Prime Day sales to check out | The best sales at other retailersWant more from our everyday experts, straight to your inbox? Other Amazon Echo smart speakers are also on sale during Prime Day, including the Echo Spot ($44.99) and Echo Dot ($24.99). Best Prime Day salesHere are the best Prime Day sales to know about. Best Prime Day clothing, shoes and accessories salesBest Prime Day tech salesBest Prime Day home and kitchen salesBest Prime Day pet supplies salesBest Prime Day beauty and wellness salesBest Prime Day travel salesBest Prime Day food and beverage dealsPrime Day: Best sales at other retailersFrequently asked questions When does Amazon Prime Day end?

Persons: I’ve, they’re, It’s, Chamberlain, They’re, fanny, —, Siri, Differin, dermatologists, shea, Alexa, Lindsay Schneider, Mili, it’s, you’ll, Chili Crisp, Zhong, TikTok Organizations: Amazon, NBC, AA, AAA, Apple, Netflix, Apple TV, Hulu, Spotify, Apple Music, Sirius XM, Chengdu Crunch, Amazon Prime, Wellness, Facebook, Twitter Locations: Chili, Zhong Sauce

Learn moreToday is the final day of Amazon Prime Day, so it's time to lock in any Prime Day beauty deals still in your cart before prices go back up after midnight tonight. The scope on prices is wide this year, so here we've curated an affordable array of products to inspire your Prime Day beauty haul. Are Prime Day beauty deals good? A few of our favorite brands hosting some of the best Prime Day beauty deals include Laneige, belif, Sunday Riley, Dyson, and Revlon. Check out our roundup of all of the best Prime Day deals here, or browse Amazon's website for more.

Persons: Sunday Riley, Laneige, Dyson, skincare, Aestura, ”, Gabrielle Chase, “, Elizabeth Arden, Amazon Staff Pick Anastasia Beverly, Anastasia Beverly, haircare, it’s, — doesn’t, We've Organizations: Business, Amazon, Revlon, Amazon Staff, Elizabeth, Amazon St, St, Dyson, Daily Defense, Defense Locations: Tropez, belif

☆ 'Too cheap to ignore': Buy this under-the-radar global bank with a 9% yield, analyst says
▼ + stars: | 2024-07-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of Nordea Bank , the Finnish lender, have been labeled "too cheap to ignore" by investment bank Berenberg. Net interest income – earned through the differences in rates offered to savers and borrowers — grew 7% year-on-year to 3.86 billion euros. "Trading on only 7.5x our [financial year] 2025 earnings — an 8% premium to the sector — we think Nordea is too cheap to ignore. However, the Berenberg analyst believes that Nordea's net interest income is relatively resilient, noting that "the market still underappreciates Nordea's [net interest income] stability, in our view, which contrasts favourably to that of more rate-sensitive Nordic peers." The analyst also said that recent challenges, including a slight miss on second-quarter net interest income expectations or a modest cost increase, should not deter investors.

Persons: —, Frank Vang, Jensen, Hugh Moorhead, Banks, Moorhead Organizations: Nordea Bank, Moorhead Locations: Helsinki, Finland, Sweden, Norway, Denmark, U.S, Germany, Italy, Switzerland, Moorhead

☆ This man built a plane for his family in his garden
▼ + stars: | 2024-07-16 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +11 min

Amateur buildEngineer Ashok Aliseril spent 18 months building a four-seater plane during the pandemic, helped by his daughter. Aliseril briefly considered buying an older aircraft, and looked at some that had been built in the 1960s and 1970s. After researching self-assembly aircraft kits, he came across a four-seater plane manufactured by South African company Sling Aircraft that ticked all the right boxes. “I would say generally, anyone can get involved in these sorts of builds.”Lockdown projectHe built a shed in his garden to complete the build. Although he’d initially planned to hire a workshop to construct the aircraft, Aliseril feels that creating a workspace at his home was the better choice.

Persons: Ashok Aliseril Thamarakshan, Abhilasha, Aliseril, ” Aliseril, Ashok Aliseril, Ashok, ”, “, you’ve, Tara, he’d, it’s, ‘, Diya, who’ve, he’s, – Organizations: CNN, CNN Travel, Amateur, South, Sling Aircraft, Sling, Light Aircraft Association, UK Civil Aviation Authority, Federal Aviation Administration, FAA, CAA Locations: Essex, England, Isle of Wight, mull, Johannesburg, Abhilasha, Cambridge, Skegness, Turweston, Buckinghamshire, Bergerac, France, Norway

☆ IMF upgrades UK growth forecast in another boost to new Labour government
▼ + stars: | 2024-07-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

LONDON — The International Monetary Fund on Tuesday lifted its 2024 growth outlook for the U.K. to 0.7% from 0.5%, providing a further boost to the country's new government. Looking ahead, the Washington, D.C.-based IMF reiterated its forecast for 1.5% U.K. growth in 2025 in the July update of its World Economic Outlook. Investment bank Goldman Sachs earlier this month nudged its 2025 forecast for the U.K. economy 0.1 percentage point higher, to 1.6%. Other economies given a 2024 growth upgrade by the IMF on Tuesday included the euro zone, which it lifted by 0.1 percentage point to 0.9%, Spain, up 0.5 percentage point to 2.4%, and China, up 0.4 percentage point to 5%. It lowered its forecast for the U.S. economy by 0.1 percentage point to 2.6%.

Persons: Taylor, Goldman Sachs, Keir Starmer, Goldman, — CNBC's Sophie Kiderlin, Vicky McKeever Organizations: Nine, Monetary Fund, D.C, Investment, Labour, European Union . Deutsche Bank, Friday, Deutsche Bank, Jefferies, Bank of England, Reuters, IMF Locations: Ruskin Park, London, England, Washington, brightening, Spain, China, U.S, Asia

We've compiled the best Prime Day air purifier deals and found some top models marked down as much as 50%. Top air purifier dealsLevoit 300S Air Purifier $119.99 $149.99 Save 20% The Levoit 300S Air Purifier does an outstanding job removing VOCs from small rooms and features a user-friendly app. Levoit 300S Air Purifier $119.99 $149.99 Save 20% The Levoit 300S Air Purifier does an outstanding job removing VOCs from small rooms and features a user-friendly app. View at AmazonDreo Air Purifier Tower Fan $239.99 $299.99 Save 20% The Dreo Air Purifier Tower Fan is a 2-in-1 design that quietly cools and purifies. Even the worst air purifiers improved indoor air quality when we tested widely for our best air purifiers guide.

Persons: We've, Dyson, we've Organizations: Business, Alexa, Honeywell, micron, Amazon Prime Locations: Lasko

☆ Biden unveils plan to cap rent hikes
▼ + stars: | 2024-07-16 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

That’s aimed at incentivizing new rental property construction to increase supply of apartments and homes for rent. “While the prior administration gave special tax breaks to corporate landlords, I’m working to lower housing costs for families,” Biden said in a statement. Some federal lands could be repurposed for housingBiden announced two additional efforts aimed at reining in high housing costs on Tuesday. During CNN’s presidential debate in June, Biden hinted at his new plan to address rent increases. There are currently 1.6 million units under construction in the US as of May, according to Federal Reserve data.

Persons: Joe Biden, That’s, ” Biden, Biden, Adrianne Todman, We’re, ” Organizations: CNN, Republicans, Joint Center for Housing Studies, Harvard University, Land Management, US Postal Service, Housing, Urban, NATO Summit, Housing Solutions Coalition, Mortgage Bankers Association, Federal Reserve Locations: Nevada, ”, Challanooga, Houston, Miami, Las Vegas , Syracuse, Trenton , New Jersey, Huntsville , Alabama, United States

☆ Do Olympians get paid? Everything you need to know about prize money – for some – at Paris Games
▼ + stars: | 2024-07-16 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

On the line are Olympic medals – gold, silver and bronze – as well as the recognition that comes with them. But, unlike many other professional sports, financial reward isn’t necessarily a prize awarded to Olympic athletes in the past. Here’s everything you need to know about Olympic athletes and the compensation they can receive. A Paris 2024 Olympic Games gold medal (top) is seen on display with Paralympic Games gold (right) and silver medals (left). “And they do so and then many of them reward the athletes with prize money for winning medals or diplomas or whatever.

Persons: James B, Connolly, Louis, Benoit Tessier, “, Mark Conrad, ” Conrad, Umar Kremlev, Thomas Bach, Bach, Gabriel Monnet, –, ” Bach, Conrad, Simone Biles, Sha’Carri Richardson, Biles, ” Organizations: CNN, Olympic, Olympic Games, Eiffel, Paralympic Games, International Olympic Committee, IOC, National Olympic Committees, International Federations, NOC, Fordham University Gabelli School of Business, Games, Olympics, Athletics, WA, Los, Association of, International Boxing Association, IBA, Getty, “, Paralympic, Forbes Locations: Massachusetts, St, Paris, AFP, Beijing, “

☆ Taylor Swift U.S. tickets cost $1,832. I saw The Eras Tour in Amsterdam for $384. Credit card points covered almost everything else.
▼ + stars: | 2024-07-16 | by ( Katherine Fan | Sarah Silbert | Senior Editor | ) www.businessinsider.com time to read: +12 min

The information for the following product(s) has been collected independently by Business Insider: Marriott Bonvoy Boundless® Credit Card, Chase Freedom Flex®. I saved over $5,000 with points and milesThis trip was only possible because of my stash of credit card points and miles. Katherine FanMy Sheraton Amsterdam hotel room would have cost $405.48 in cash Katherine FanI booked the room using a free night award I earned from a new customer bonus on the Marriott Bonvoy Boundless® Credit Card credit card. Note that credit card lenders may use many different variations of credit score models when considering your application. You can use credit card awards to book luxury vacations, seek out gritty adventures, and do everything else in between.

Persons: Taylor Swift, Taylor, would've, Johan Cruijff Arena, neve, I'm, Katherine Fan, Chase Travel ℠, Chase, redemptions Organizations: Business, Independence, Sheraton, Marriott, Amazon Prime, Visa, KLM, American, Marriott Gold, Google, Chase Sapphire, Chase Travel, Sapphire, TSA, FDIC Locations: Amsterdam, Texas, Europe, Netherlands, North America, U.S, Canada, Austin, Sheraton Amsterdam

☆ Stocks making the biggest moves midday: Trump Media, Macy's, Goldman, Coinbase and more
▼ + stars: | 2024-07-15 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Trump Media & Technology — Shares jumped nearly 29% as investors reacted to Saturday's attempted assassination of former President Trump , which has fueled increased conviction of a Trump win in this year's presidential election. Trump Media is the parent of social media platform Truth Social. Sturm, Ruger & Company , Smith & Wesson — Shares of the firearm manufacturing companies rose after Saturday's shooting at Trump's rally. Sturm, Ruger & Company rose 7%, while Smith & Wesson jumped 10%. Coinbase , Marathon Digital — Crypto stocks moved higher as investors increased their bets on a Trump election win, which they expect will benefit cryptocurrencies.

Persons: Donald Trump, Wolfe, Saturday's, Trump, Sturm, Smith, Wesson, Goldman Sachs, Goldman, LSEG, Coinbase, MicroStrategy, Bitcoin, Morgan Stanley, Baxter, Tesla, — CNBC's Hakyung Kim, Sarah Min, Lisa Kailai Han, Michelle Fox Organizations: UnitedHealth, — Health, Humana, Wolfe Research, Republican, Trump Media & Technology —, Trump, Trump Media, Brigade, Ruger & Company, Smith, Wesson, Ruger, Company, Sunnova Energy, NextEra Energy, Marathon, Apple —, Apple, Bloomberg News, Baxter Locations: Arkhouse, India

☆ Goldman Sachs is set to report second-quarter earnings — here’s what Wall Street expects
▼ + stars: | 2024-07-15 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday. Here's what Wall Street expects:Earnings: $8.34 per share, according to LSEGRevenue: $12.46 billion, according to LSEGTrading Revenue: Fixed Income of $2.96 billion, Equities of $3.17 billion, per StreetAccountInvesting Banking Revenue: $1.80 billion, according to StreetAccountExpectations have been set high for Goldman Sachs, with Wall Street businesses in the midst of a rebound after a dismal 2023. That's because out of the six biggest U.S. banks, Goldman is the most reliant on investment banking and trading to generate revenue. On Friday, rivals JPMorgan Chase and Citigroup both topped expectations thanks to surging investment banking fees and better-than-expected equities trading results. Bank of America and Morgan Stanley report results on Tuesday.

Persons: Goldman Sachs, Goldman, David Solomon, Morgan Stanley Organizations: LSEG Revenue, Trading, Wall, JPMorgan Chase, Citigroup, Bank of America

☆ Stocks making the biggest moves premarket: Trump Media & Technology, Apple, Super Micro Computer and more
▼ + stars: | 2024-07-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Goldman Sachs — Shares slipped less than 1% after the bank posted a second-quarter earnings beat . Crypto stocks — Shares of bitcoin miners and cryptocurrency stocks rose as bitcoin and Ethereum popped more than 4%. Tesla — The electric vehicle stock rose 4%, building on a more than 25% gain so far this month. BlackRock — Shares rose 1.2%. The world's largest asset manager posted second-quarter adjusted earnings per share of $10.36, exceeding the LSEG consensus estimate of $9.93.

Persons: Donald Trump, Goldman Sachs, Goldman, LSEG, Coinbase, Tesla, AutoNation, Morgan Stanley, Baxter, — CNBC's Lisa Han, Hakyung Kim, Sarah Min, Jesse Pound, Pia Singh Organizations: Trump Media & Technology, Trump, Apple, Bloomberg News, Micro Computer, Walgreens, Alliance, Marathon, Technologies, Sunnova Energy, Energy, Stelco Holdings, CDK, Baxter Locations: India, Cleveland, BlackRock

☆ Dollar sees safe-haven gains; sliding yen stays on intervention watch
▼ + stars: | 2024-07-15 | by ( ) www.cnbc.com time to read: +3 min

The risk-sensitive Australian dollar fell 0.18% to $0.6771, while the New Zealand dollar slid 0.35% to $0.6097. Under a Trump presidency, market analysts expect a more hawkish trade policy, less regulation and looser climate change regulations. Against the dollar, the yen was last 0.3% lower at 158.36, having strengthened to a roughly one-month high of 157.30 per dollar on Friday. "The confirmed FX intervention undertaken by the MOF in April and May proved that policymakers are prepared to be canny about choosing the timing of their moves," said Jane Foley, head of FX strategy at Rabobank. "In order to make more 'bang for their buck', FX intervention in quiet conditions or after the release of softer U.S. economic data seems like a sensible move.

Persons: Donald Trump, Jack Ablin, It's, Trump, Rong Ren Goh, Jane Foley Organizations: Trump, Cresset, New Zealand, Eastspring Investments, Cash U.S, Investors, . Bank of Japan, Finance, Analysts, Rabobank Locations: Asia, Japan, U.S, Tokyo

☆ A Trump-backed GoFundMe for other victims of the Pennsylvania rally shooting has raised over $2.4 million
▼ + stars: | 2024-07-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

A Trump authorized GoFundMe for victims of the Pennsylvania rally shooting has raised more than $2.4 million. On Sunday, Trump's reelection campaign text out a link to the fundraiser. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump's reelection campaign on Sunday sent out an appeal to an authorized GoFundMe drive that has raised over $2.4 million for the victims of the shooting at Trump's Pennslyvania rally in under 24 hours.

Persons: Trump's, Kid Rock, —, Donald Trump's Organizations: Trump, Service, Sunday, Business

☆ The world's most accurate economist shares his US economic and political outlook, as well as the secret behind his accuracy
▼ + stars: | 2024-07-14 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Whether it's the markets or the Federal Open Market Committee, no one seems to be getting their forecasts right. But if you want the closest thing to accuracy, French economist Christophe Barraud may be your best bet. One caveat is that Trump would need 60 seats in the Senate to implement policy changes smoothly, Barraud noted. Where uncertainty in a Trump presidency remains is on the geopolitical front, Barraud noted.

Persons: —, Christophe Barraud, haven't, Barraud, it's, Donald Trump, Joe Biden, Trump, He's Organizations: Service, Federal, Market, Market Securities Monaco, Bloomberg, Business, Trump, Republican, Fed Locations: China, delinquencies, France, Italy, Ukraine, Russia

☆ Unexpected bad news for inflation: Wholesale prices rose in June
▼ + stars: | 2024-07-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023. That’s an unwelcome development for the US economy one day after the government announced that consumer prices declined on a monthly basis for the first time in four years. On a monthly basis, prices rose 0.2% after holding flat in May. Economists had expected that prices would increase 0.1% on a monthly basis and hold steady at 2.2% annually. Prices dropped on a monthly basis for the first time since May 2020, and annual inflation slowed to 3%, its slowest rate since June 2023.

Persons: That’s, Price, ” Clark Bellin, Bellin Organizations: CNN —, of Labor Statistics, PPI, Federal Reserve

☆ Gold eases, but set for weekly gain on Fed rate cut bets
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: +2 min

Gold prices edged lower on Friday, but were headed for a third straight week of gains as cooler-than-expected U.S. inflation data boosted hopes of the Federal Reserve cutting interest rates in September. Gold prices edged lower on Friday, but were headed for a third straight week of gains as cooler-than-expected U.S. inflation data boosted hopes of the Federal Reserve cutting interest rates in September. "Inflation outlook and interest rate picture have moved in favor of gold this week. As we move closer to a lower interest rate environment, conditions could be ripe for gold to set new record highs before the year is out," said Tim Waterer, KCM Trade's chief market analyst. Lower interest rates reduce the opportunity cost of holding non-yielding bullion.

Persons: Tim Waterer, KCM, Mary Daly, Austan Goolsbee, Waterer Organizations: Federal Reserve, San Francisco Fed Bank, Chicago Fed Bank Locations: U.S

☆ Wall Street is bullish on stocks for the 2nd half of the year. Here are each firm's exact forecasts.
▼ + stars: | 2024-07-12 | by ( Matthew Fox | ) www.businessinsider.com time to read: +7 min

The most bullish S&P 500 price target is 6,000 from Evercore ISI, which represents a gain of about 7%. While the average year-end S&P 500 price target is 5,429, according to data from Bloomberg, the median year-end price target is 5,600. Yardeni Research: S&P 500 price target of 5,800Yardeni Research raised its year-end S&P 500 price target to 5,800 from 5,400 this week. Goldman Sachs: S&P 500 price target of 5,600Goldman Sachs strategist David Kostin boosted his S&P 500 price target to 5,600 from 5,200 last month. UBS: S&P 500 price target of 5,600UBS raised its S&P 500 price target to 5,600 from 5,400 in May, and that's after the bank raised its price target in February.

Persons: —, Julian Emanuel, Emanuel, they're, Oppenheimer, John Stoltzfus, Stoltzfus, Eric Wallerstein, Wallerstein, Ned Davis, Ed Clissold, Goldman Sachs, David Kostin, Kostin, Jonathan Golub Organizations: Wall, ISI, Service, Bloomberg, CNBC, Security, Yardeni, Research, Federal Reserve, Ned Davis Research, UBS, Chicago, & $ Locations: bearish

☆ We are upgrading our rating on Wells Fargo as investors dump stock post-earnings
▼ + stars: | 2024-07-12 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wells Fargo Why we own it : We bought Wells Fargo as a turnaround story under CEO Charlie Scharf. We are more excited by the outperformance of non-interest income than we are disappointed with the miss on net interest income. However, the team added, many of the factors driving net interest income are uncertain heading into the second half of the year. We don't like to see guidance misses, but bank interest income estimates depend on interest rates, which Wells Fargo has no real control over. Non-interest income increased 12% thanks to higher asset-based fees driven by an increase in market valuations.

Persons: Wells Fargo, Wells, Charlie Scharf, He's, Scharf, Wells Fargo's, —, It's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Wells, Bank of America, Citigroup, Management, Silicon Valley Bank, Consumer, Auto, Corporate, Wealth, CNBC, Getty Locations: Wells Fargo, Wells, NII, Silicon

☆ America's 10 best states for infrastructure, where you can rely on roads, bridges, airports, power, and internet
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +14 min

To rate each state's infrastructure, we look at roads, bridges, ports and airports. New in 2024, we evaluate so-called site readiness programs set up in many states to link companies with shovel-ready sites. The Economic Development Partnership of Alabama offers one of the more robust site readiness programs in the nation. Roads, bridges, and broadband are also in excellent shape in Tennessee. A respectable 24% of the state's power comes from renewable energy, putting it in the top half of states.

Persons: Pete Buttigieg, Buttigieg, Gary Hershorn, Brad Lander, Kathy Hochul, Luke Sharrett, Liam Kennedy, Chicago —, Carl Sandburg, Minnesotans, Tim Walz, Nathan Howard, — Virginia, Caitlin O'Hara, Elijah Nouvelage Organizations: Infrastructure Law, CNBC, Law, Business, Empire, Hudson, Corbis, Census, Gov, Indiana, CSX Corp, Bloomberg, Getty, Crossroads of America, U.S . Surface Transportation, Hoosier State, of Energy, Street Foundation, Economic Development, Alabama, Tennessee Downtown, Istock, Volunteer State, Energy Department, Illinois Metra, Chicago, Railroads, Census Bureau, Surface Transportation, Traffic, Midway, Chicago Department of Aviation, Lincoln, Minnesota, Jimkruger, Minnesota's Department of Economic, The Utah Department of Transportation, Beehive State, Planners, Virginia, Amazon.com Inc, —, Washington Post, Georgia Passengers, Hartsfield, Jackson Atlanta International Airport Locations: States, York, Manhattan, New York City, New York, Ohio, Clarksville , Indiana, U.S, Indiana, Alabama, Trinity , Alabama, Yellowhammer State, Tennessee Downtown Nashville , Tennessee, Tennessee, Illinois, Chicago, Rudybalasko, Texas, Minneapolis , Minnesota, Mississippi, Minneapolis, Utah, Salt Lake City, Beehive, Farmington, Ashburn , Virginia, Northern Virginia, Arizona, Phoenix , Arizona, Atlanta , Georgia

☆ These stocks set to report earnings next week have a history of beating estimates
▼ + stars: | 2024-07-11 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

As earnings season begins ramping up, there are some early reports to watch that have historically beaten expectations and rallied as a result. Earnings season kicks into higher gear next week, with major names including Goldman Sachs , United Airlines and Netflix on the docket. Bespoke Investment Group screened for stocks reporting next week that have beaten the Street's consensus earnings estimate at least 75% of the time. Entering this earnings season, JPMorgan Michael Rehaut named the stock one of his longs. But the average analyst, while having a buy rating, sees a correction of more than 2% coming over the next year.

Persons: Goldman Sachs, John Pancari, Pancari, Ally, LSEG, Horton, JPMorgan Michael Rehaut, Rehaut, D.R, David Roman Organizations: United Airlines, Netflix, Wall, Investment, JPMorgan

☆ Oil prices tick up as crude, gasoline inventories ease
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: +2 min

Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signaling stronger demand. U.S. West Texas Intermediate (WTI) crude rose 36 cents, or 0.5%, to $82.47 a barrel. U.S. crude inventories fell by 3.4 million barrels to 445.1 million barrels in the week ended July 5, far exceeding analysts' expectations in a Reuters poll for a 1.3 million-barrel draw. Gasoline stocks fell by 2 million barrels to 229.7 million barrels, much bigger than the 600,000-barrel draw analysts expected during the U.S. Fourth of July holiday week. Lower interest rates decrease the cost of borrowing, which can boost economic activity and oil demand.

Persons: Brent, Beryl, Price, CME's, Jerome Powell Organizations: . West Texas, U.S, of, Petroleum, Federal Locations: Los Angeles , California, U.S, CME's FedWatch

☆ 13 successful people who got their start working in fast food
▼ + stars: | 2024-07-11 | by ( Áine Cain | Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Amazon founder and CEO Jeff Bezos got his start working the grill at McDonald's. Jeff Bezos worked at McDonald's as a teenager. In Cody Teets' book "Golden Opportunity: Remarkable Careers That Began at McDonald's," Bezos revealed he worked the grill and that the job taught him responsibility. Business Insider previously reported that Bezos worked at McDonald's over the summer when he was a teenager — and that Bezos' father had also been a McDonald's employee. He had a lot of teenagers working for him, and he kept us focused even while we had fun."

Persons: Jeff Bezos, Amy Harris, Bezos, Cody Teets, —, Teets Organizations: Forbes, Business Locations: McDonald's

☆ Stocks making the biggest moves midday: Intuit, AMD, LegalZoom.com, Baidu and more
▼ + stars: | 2024-07-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

In terms of revenue, LegalZoom now expects between $675 million and $685 million for the full year. Taiwan Semiconductor Manufacturing — The chip stock advanced 3% following the company's revenue results . Though the company's reported T$207.87 billion for the month of June was a 9.5% decrease from last month, it was a 32.9% increase from the year-ago period. For January through June this year, the company reported T$1.27 trillion, which is a 28% increase from the same period last year. Carvana — Shares of the online car seller added 5% after Needham upgraded the stock to buy from hold.

Persons: LegalZoom.com, Dan Wernikoff, Jeffrey Stibel, LegalZoom, Carvana, Needham, robotaxi, —, Alex Harring, Fred Imbert, Samantha Subin, Pia Singh, Michelle Fox, Darla Mercado Organizations: Intuit —, Intuit, Taiwan Semiconductor Manufacturing, Baidu, Street Journal, Shanghai, Mastercard, Visa, Bank of America, Manchester United, BioSciences, Analysts, Illumina, Teva Pharmaceutical Industries, Argus, UBS, Science, AMD, Silo Locations: China, Shanghai, Hoka, Europe

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