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☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Micron, Nike, Meta, Microsoft, First Solar, Tesla & more
▼ + stars: | 2024-09-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

For long term investors we continue to believe they have the best enterprise AI platform and retain our 18-month $500 price target." Truist initiates First Solar as buy Truist said the solar company has a wide moat. " Deutsche Bank reiterates Tesla as buy The firm said it's sticking with its buy rating heading into the company's delivery report in October. UBS reiterates Micron as buy UBS said it's sticking with the stock following earnings on Wednesday. "We are taking the opportunity to reaffirm our positive view on DKNG and up our year-end 2025 price target to $54."

Persons: Goldman Sachs, Goldman, Morgan Stanley downgrades, Morgan Stanley, Oppenheimer, Truist, Tesla, Jefferies downgrades Hershey, Jefferies, it's, Orion, Bernstein, NYCB, Morgan Stanley downgrades Sonos, there's, JPMorgan, Ralph Lauren Organizations: UBS, GE Healthcare, Entertainment, Tencent, Microsoft, Inc, Deutsche Bank, Hershey, Susquehanna, Nvidia, NVIDIA, Nike, Deutsche, Apple, Barclays, Community Bank, Micron, MU, " Bank of America, Meta, Bank of America, SONO, UW, GE Vernova, GE, RL Locations: China

☆ Survey: 73% of Amazon workers are considering quitting after 5-day in-office mandate
▼ + stars: | 2024-09-26 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

Amazon workers have until January before they'll be expected in corporate offices five days a week, but some aren't expecting to stick around that long. In a recent survey of 2,585 Amazon employees on anonymous job review site Blind, 73% said they are considering looking for a new job following CEO Andy Jassy's recent memo announcing a full-time return-to-office. Further, 80% of the Amazon professionals polled reported that they know of a colleague considering looking for another job because of the announcement. Another survey from Glassdoor finds that 74% of Amazon workers are "rethinking" the future of their careers, whether at the tech giant or elsewhere. Amazon workers are "strongly dissatisfied" with the policy change, according to an anonymous survey created by employees, reported by Fortune.

Persons: they'll, Andy Jassy's, Jassy, we've Organizations: Slack, Amazon, CNBC

☆ 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

☆ Trump hawks $100,000 watches as he leverages his candidacy for profit
▼ + stars: | 2024-09-26 | by ( Steve Contorno | Alejandra Jaramillo | ) edition.cnn.com time to read: +2 min

The GOP nominee announced his latest branded merchandise, Trump Watches, on social media Thursday – 40 days before the election and on a day when he did not appear on the campaign trail. A disclaimer on the website discloses that neither Trump nor his company designed, manufactured, distributed or sold the watches. Rather, a company named “TheBestWatchesOnEarth LLC” licensed the Trump name to sell the line of wrist watches. This week, he also launched “Trump Coins” – a 1oz .999% silver medallion with the former president’s face on one side and his signature on the White House on the back. Like the watches, the Trump Coins are the result of another licensing deal.

Persons: Donald Trump, hawking, ” Trump, Trump, Donald Trump Jr, “, Kamala Harris, Steve Witkoff Organizations: CNN, GOP, Trump, Truth, “ Trump, White, Trump Coins, Mar

☆ U.S. new vehicle sales expected to have struggled during third quarter
▼ + stars: | 2024-09-26 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — U.S. sales of new vehicles are expected to have struggled during the third quarter amid economic and political uncertainties, as well as elevated interest rates and prices, according to industry forecasters. Sales are expected to fall roughly 2% during the third quarter compared with the same time in 2023, to about 3.9 million vehicles sold, according to Cox Automotive and Edmunds.com. That would be a roughly 5% decrease compared with the second quarter of this year. "2024 has been a volatile year for the new vehicle market, and more of the same is expected in Q4," said Charlie Chesbrough, Cox Automotive senior economist. Both Cox and Edmunds expect light-duty U.S. vehicle sales to total about 15.7 million vehicles in 2024.

Persons: Charlie Chesbrough, Cox, Edmunds, Jessica Caldwell Organizations: DETROIT, Cox Automotive, Federal, CNBC Locations: U.S

OpenAI is said to be closing a funding round that could value the company at as much as $150 billion. "Kushner is betting the ranch on OpenAI and Sam Altman just as Masa Son pledged 40% of his Vision Fund on Yahoo and Jerry Yang. "Second, Sam Altman has proven himself to be one of the greatest tech founders of this generation. Sam Altman has said that AI superintelligence could be a reality within "a few thousand days ." "Everybody wants Sam Altman at the helm, and they're willing to do anything to keep him as the CEO.

Persons: OpenAI, —, Sam Altman, ChatGPT, Mira Murati, Bob McGrew, Barret Zoph, Murati's, John Schulman's, Joe Aaron, Aaron, Capital's Josh Kushner, Kushner, Masa Son, Jerry Yang, Jerry Yang wasn't, Jai Das, Goldman Sachs, who's, Altman, they've, Ben Narasin, They're Organizations: Service, Research, Post, Reuters, Nvidia, Apple, Fund, Yahoo, Sapphire Ventures, Venture Locations: Silicon, UAE, OpenAI

☆ Conservative outlet Newsmax settles with Smartmatic in 2020 election defamation case
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: +1 min

A settlement has been reached in a defamation lawsuit pitting an electronic voting machine manufacturer targeted by allies of former President Donald Trump against a conservative news outlet that aired accusations of vote manipulation in the 2020 election. The Delaware lawsuit, which takes issue with Newsmax reports over a five-week period in late 2020, is one of several stemming from reports by conservative news outlets following the election. Smartmatic also is suing Fox News for defamation in New York and recently settled a lawsuit in the District of Columbia against the One America News Network, another conservative outlet. Dominion Voting Systems similarly filed several defamation lawsuits against those who spread conspiracy theories blaming its election equipment for Trump's loss. Last year, in a case presided over by Davis, Fox News settled with Dominion for $787 million.

Persons: Donald Trump, Newsmax, Smartmatic, Trump, Rudy Giuliani, Sidney Powell Organizations: Republican, Convention, New, New York City, Fox News, District of Columbia, One America News Network, Voting, Davis, Dominion Locations: Milwaukee , Wisconsin, New York, The Delaware, District

☆ A 65,000-square-foot waterfront mansion, believed to be Canada's largest home, has been abandoned for over 15 years. Take a look inside.
▼ + stars: | 2024-09-26 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

The Peter Grant mansion, known as Canada's largest home, has been abandoned for over a decade. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Once owned by Grant Forest Products magnate Peter Grant, the Peter Grant mansion in Haileybury, Ontario, Canada, is believed to be the largest house in the country.

Persons: Peter Grant, — Organizations: Service, Grant Forest Products, Business Locations: Lake Temiskaming, Ontario, Texas, Haileybury , Ontario, Canada

☆ 2 of our China-related stocks are on the move after the Chinese government pledges more stimulus
▼ + stars: | 2024-09-26 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Starbucks shares rose roughly 2% on an analyst upgrade and the stimulus news out of China. 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, Bernstein, Brian Niccol, Jim Cramer's, Jim Organizations: CNBC, Micron, Saudi, Club, Jefferies, GE Healthcare, UBS, GE, Jim Cramer's Charitable Locations: China

☆ The majority of this generation feels behind on their retirement savings—how they can catch up
▼ + stars: | 2024-09-26 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The oldest Gen Xers are turning 59 this year, and once they reach 59½, they can begin making penalty-free withdrawals from their 401(k)s and individual retirement accounts. However, nearly 70% of Gen X, which is comprised of Americans between the ages of 44 and 59, feel behind on their retirement savings, according to a new retirement savings survey from Bankrate. The average 401(k) balance for people in their 50s, who make up the majority of Gen X, is $214,100. The good news: Many Gen Xers are already taking strides to get their retirement savings where they want them to be. Plus, they've increased their IRA contributions by 30% to the highest level in five years, per Fidelity's second quarter retirement analysis.

Persons: Xers, Mark Hamrick Organizations: Fidelity Investments Locations: Bankrate

☆ Treasury yields hold steady as investors look to economic data, Fed speaker comments
▼ + stars: | 2024-09-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 3.7791%. The 2-year Treasury yield was last at 3.5653% after rising by over one basis point. U.S. Treasury yields were little changed on Thursday as investors looked to fresh economic data and remarks from Federal Reserve officials. Economists polled by Dow Jones are expecting weekly initial jobless claims to come in at 223,000 for the most recent period. Elsewhere, the Swiss National Bank on Thursday cut its key interest rate by a quarter point, marking the third reduction this year.

Persons: Dow Jones, Jerome Powell Organizations: Treasury, Federal Reserve, Swiss National Bank Locations: U.S

☆ David Tepper's big bet after the Fed rate cut was to buy 'everything' related to China
▼ + stars: | 2024-09-26 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Billionaire hedge fund founder David Tepper said his big bet after the Federal Reserve's rate cut was to buy Chinese stocks. "We got a little bit longer, more Chinese stocks," Tepper continued. FXI 1D mountain iShares China Large-Cap ETF The iShares China Large-Cap ETF (FXI) rallied more than 6% following Tepper's comments, extending its gains from a winning session for Chinese and Hong Kong stocks. Tepper also noted the Chinese market is cheaper than U.S. equities. To be sure, rising geopolitical concerns including further tariffs between the U.S. and China have spooked many investors away from the China market.

Persons: David Tepper, Tepper, CNBC's, Xi Jinping Organizations: Fed, Appaloosa Management, Baidu, Wynn Resorts, U.S Locations: China, U.S, Hong Kong, Sands

Unless the economic outlook changes, mortgage rates may hold steady for the rest of 2024. If they were to weaken unexpectedly, that could spur the Fed to cut rates more aggressively, which in turn could push mortgage rates down further. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, They've, they've, Freddie Mac, it's, Fannie Mae Organizations: Fed, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron

☆ It's refinancing time: Americans are already capitalizing on lower rates
▼ + stars: | 2024-09-26 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +1 min

The Mortgage Bankers Association's refinancing index jumped 20.3% last week to its highest in two years. That comes as the 30-year fixed mortgage rate dipped 2 basis points to 6.13% last week. Mortgage rates have fallen recently amid Federal Reserve easing and expectations for further rate cuts. Go to newsletter preferences Thanks for signing up! The surge in refinancing activity comes as mortgage rates fall as the market prices in expected easing from the Federal Reserve.

Persons: — Organizations: Mortgage, Reserve, Service, Fed, Federal Reserve, Business

☆ Stocks making the biggest moves midday: Micron Technology, Super Micro Computer, Southwest Airlines and more
▼ + stars: | 2024-09-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Southwest Airlines — The airline jumped 11% after it raised its third-quarter revenue forecast and authorized $2.5 billion in share buybacks. Starbucks — The coffee chain rose nearly 2% after Bernstein upgraded shares to outperform , citing confidence in the company's new CEO . CarMax — The used car retailer jumped nearly 6% after topping sales estimates for the fiscal second quarter. New York Community Bank — Shares of the regional lender jumped nearly 8% after Barclays upgraded the stock to overweight from equal weight. Accenture — The professional services stock rose nearly 5% on better-than-expected fiscal fourth quarter results.

Persons: Bernstein, Jabil, Goldman Sachs, Goldman, Morgan Stanley, Erik Woodring, —, Jesse Pound, Yun Li, Alex Harring, Pia Singh, Hakyung Kim Organizations: Micron Technology, Applied Materials, ASML, Lam Research, Wall Street Journal, Justice Department, Southwest Airlines —, Elliott Investment Management, Starbucks, NRG Energy, GE Healthcare —, UBS, Jefferies, New York Community Bank, Barclays, Bilibili, Accenture Locations: China, Bilibili —

☆ China offers one-time cash allowance for those in extreme poverty
▼ + stars: | 2024-09-26 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

China's government announced it will offer a one-time cash allowance to those in extreme poverty, a day after its central bank rolled out a slate of stimulus measures aimed at shoring up the economy. The handout will be provided to "extremely poor people, orphans and other needy people on the occasion of the 75th anniversary of the founding of New China," China's Ministry of Civil Affairs reported on Wednesday. The report did not specify the size of the allowance or any further details. As of last November, 40.4 million people in China were covered by subsistence allowances. The average allowance was about 779 yuan ($110.80) per person a month for those staying in urban areas, while rural subsistence was 615 yuan per person.

Persons: Xi, Shaun Rein, Mao Zedong Organizations: New, Ministry of Civil Affairs, CPC, China Market Research, CNBC Locations: New China, China

☆ 6 things you should never do to your nails after a manicure, according to nail artists
▼ + stars: | 2024-09-26 | by ( Gia Yetikyel | ) www.businessinsider.com time to read: +1 min

Business Insider spoke to three nail artists about things to avoid after getting a manicure. If your nail extensions start to lift, seek out a nail professional ASAP. Go to newsletter preferences Thanks for signing up! Business Insider asked three nail artists about things people shouldn't do after getting a manicure if they want to make the polish last and protect their nail health. This story is available exclusively to Business Insider subscribers.

Persons: mani, — Organizations: Service, Business

☆ Eight-time F1 race winner Daniel Ricciardo leaves RB, replaced by Liam Lawson
▼ + stars: | 2024-09-26 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

CNN —Visa Cash App RB Formula One Team (RB) have announced that Daniel Ricciardo has left the team with immediate effect. He will be replaced by Red Bull junior driver Liam Lawson in a move that brings weeks of speculation to an end. So getting signed up by the Red Bull program when I was 18 … having that responsibility, that pressure, all of that, it forced me to grow up.”Ricciardo celebrates winning the 2018 Chinese Grand Prix with Red Bull. The team has served as a development ground for future Red Bull drivers in the past, but no driver has received the call-up since Alex Albon in 2019. He stepped in for Ricciardo for five races in 2023 when Ricciardo suffered a wrist injury and has served as the reserve driver for both Red Bull and RB.

Persons: Daniel Ricciardo, Liam Lawson, Ricciardo, Nyck De Vries, Red Bull, Red Bull –, “ I’ve, ” Ricciardo, “, It’ll, Laurent Mekies, ”, “ Daniel, Bull, Toro Rosso, –, Charles Coates, don’t, you’re, I’ve, Alex Albon, Lawson Organizations: CNN, One, Red Bull, McLaren, RB, Alpha, “, Team, Singapore, Prix, Red Bull Academy, Spanish, HRT, Red, CNN Sport, Renault, British, Formula Locations: Austrian, Europe, Ricciardo, New Zealand, Austin , Texas

☆ LDP election: Japan’s next prime minister could be its first woman leader
▼ + stars: | 2024-09-26 | by ( Helen Regan | ) edition.cnn.com time to read: +6 min

CNN —Japan’s ruling party will elect its new leader Friday, and the winner will become the country’s next prime minister. Prime Minister Fumio Kishida is not in the running after his surprise announcement last month that he would step down following a series of political scandals that fueled calls for him to resign. With the upcoming US presidential election, the new prime minister will navigate Japan’s relations with a new American leader at a time of growing security challenges in Asia, including an increasingly assertive China and a belligerent North Korea. Koizumi, 43, is the US-educated, charismatic son of popular former prime minister Junichiro Koizumi, and could be Japan’s youngest prime minister of the post-war period. He sits on the more progressive wing of the conservative party.

Persons: CNN —, Shinjiro Koizumi, Shigeru Ishiba, Fumio Kishida, haven’t, Kishida, “, Koizumi, ” Yu Uchiyama, Margaret Thatcher, Shinzo Abe, –, Junichiro Koizumi, acceding, Ishiba Organizations: CNN, Liberal Democratic Party, LDP, Partnership, Tokyo University, Reuters, Bank of, NATO Locations: Japan, China, Japan’s, American, Asia, North Korea, Pacific, South Korea, Bank of Japan

☆ Gold lingers near record highs, Powell's speech eyed for rate cues
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big U.S. rate cut this year, although gains were limited ahead of remarks by key Federal Reserve policymakers later in the day. Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big U.S. rate cut this year, although gains were limited ahead of remarks by key Federal Reserve policymakers later in the day. Bullion has risen nearly 29% so far in 2024 and hit record highs several times this year, largely fueled by monetary policy easing by major global banks and geopolitical concerns. Last Wednesday, the Fed delivered a 50-basis-point rate cut, with traders seeing a 62% chance of an additional half-percentage-point reduction in November, according to the CME FedWatch Tool. Additionally, U.S. jobless claims data on Thursday and the core personal consumption expenditure index — the Fed's preferred inflation — on Friday, will be eyed for further rate cues.

Persons: Tim Waterer, Bullion, Jerome Powell, John Williams, Michael Barr, Nicholas Frappell Organizations: U.S ., KCM, Fed, New York Fed, ABC Refinery Locations: .

☆ Stock market today: Indexes rally on China stimulus, promising labor-market data
▼ + stars: | 2024-09-26 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes rallied Thursday on positive jobs data and promises of further economic stimulus in China. AdvertisementUS stocks rallied on Thursday, fueled by China stimulus measures and positive jobs data to pare losses from yesterday. The indexes rallied after leaders in China pledged to support the economy with more strong policy measures. The indexes' gains were also fueled by positive labor market data. Meanwhile, second-quarter GDP came in unrevised at a 3% annualized rate, according to data released Thursday.

Persons: —, Eric Jackson, SocGen Organizations: Service, Labor Department, Federal Reserve Locations: China, unrevised

☆ 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

☆ After my divorce, I took back my old last name. I feel like I took back my identity.
▼ + stars: | 2024-09-26 | by ( Sassafras Patterdale | ) www.businessinsider.com time to read: +4 min

I was kicked out of my house as a teen and changed my last name to separate from my family. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . She told me I had the option of going back to my old last name as part of my divorce. I have an amazing community and chosen family, but it's something I've had to build on my own. Each time I see my "new" old name, I feel myself growing more confident and comfortable in the life that I am building — instead of living in the shadow of an old relationship.

Persons: —, I've, it's, I'm Organizations: Service, DMV Locations: Canada, Europe

☆ China's stimulus rally will be short-lived: AEI's Derek Scissors
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's stimulus rally will be short-lived: AEI's Derek ScissorsBill Bishop, publisher of the Sinocism China Newsletter, and Derek Scissors, Asia economist at the American Enterprise Institute, join CNBC's 'The Exchange' to discuss China's recent stimulus package, how long its rally can last, and more.

Persons: Derek Scissors Bill Bishop, Derek Scissors, CNBC's Organizations: American Enterprise Institute Locations: China, Asia

☆ Naomi Osaka starts working with Serena Williams’ former coach after initial hesitancy
▼ + stars: | 2024-09-26 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Naomi Osaka has never hidden her admiration for Serena Williams and now she’s following in the 23-time grand slam champion’s footsteps. And while Osaka is excited about a new chapter in her career, the four-time grand slam champion says she was initially hesitant to start working with the well-known coach. “This isn’t rude because I found out it’s not true, but I didn’t know if he was a good coach or he coached Serena. I’m really glad that he’s taking this project on, as well.”“I would say I’m still a little nervous around him. I’m getting a little more comfortable day by day.”Patrick Mouratoglou talks to Osaka before her first-round match at the China Open.

Persons: Naomi Osaka, Serena Williams, Williams, Patrick Mouratoglou, Italy’s Lucia Bronzetti, Tsitsipas, Holger Rune, “, Serena, I’m, ” Patrick Mouratoglou, Robert Prange, Mouratoglou, ” Organizations: CNN, China, Reuters, Getty Images Osaka, Wimbledon Locations: Osaka, ” Osaka

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