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☆ Betting on the election is the hottest new trend. But can prediction markets keep the momentum going?
▼ + stars: | 2024-10-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyPresidential betsChris duMond; Chip Somodevilla/Getty Images; Jenny Chang-Rodriguez/BIWe're less than a week from election day, but one group can already claim victory: betting markets. Kalshi's legal victory in October over the CFTC to offer election betting paved the way for the trend. iStock; Rebecca Zisser/BIThe betting market's biggest tests might come after the election. Betting markets have Trump as a heavy favorite, whereas traditional polls indicate a tight race. AdvertisementShould Trump win in a landslide, it could strengthen the case for using betting markets as a key tool for election analysis.

Persons: —, Chris duMond, Chip Somodevilla, Jenny Chang, Rodriguez, Matthew Fox, Donald Trump, Polymarket, iStock, Rebecca Zisser, Nate Silver, Tesla, Zuckerberg, Citadel's, Justin Lubell, Lubell, Steve Schwarzman, Ken Griffin, Trump, Tyler Le, Harris, Sundar Pichai, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Apple, CFTC, Trump, TikTok, Meta Connect, Meta, Bank of America, Blackstone, Republican, Amazon, AWS, Five Apple Intelligence, Google, The Washington Post, Street, Microsoft, Starbucks Locations: French, New York, London

☆ FAFSA rollout is 'on track,' despite remaining unresolved issues, Education Department says
▼ + stars: | 2024-10-30 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

The "phased rollout" of the new Free Application for Federal Student Aid is on track for the upcoming academic year, the U.S. Department of Education says. So far, the 2025-26 FAFSA has been available to limited groups of students in a series of beta tests that began on Oct. 1. It will become available to all students and contributors on or before Dec. 1, the Education Department said. As of Oct. 29, the government's FAFSA Issues page lists 22 unresolved issues, down from 25 a few weeks ago, he said. "We've made a lot of progress resolving those issues and we are now seeing more students able to complete their form."

Persons: James Kvaal, Mark Kantrowitz, We've, Kvaal Organizations: Federal Student, U.S . Department of Education, Education Department, Education, CNBC, Finance, Ivy League

☆ Arizona is the epicenter of the debate over how Trump's mass deportation plan would hit the economy
▼ + stars: | 2024-10-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +12 min

Donald Trump proposed mass deportation to lower housing costs and boost job opportunities. AdvertisementThe mass deportation of people living in the US illegally has been one of the cornerstones of the Republican presidential ticket leading up to the November election. Many Democrats say mass deportations would hurt businesses and employment opportunities for all Americans, in addition to separating families and displacing millions of people. She told BI that a mass deportation would devastate the agriculture, construction, and hospitality industries. AdvertisementHow much a mass deportation would cost the governmentThe Trump campaign has talked little about how mass deportations could be implemented and on what scale.

Persons: Donald Trump, —, Trump, Kamala Harris, Biden, Harris, Douglas Nicholls, Nicholls, Regina Romero, Romero, " Romero, Duncan Braid, Braid, Davis, Chloe East, Taylor Rogers, Trump's, Rogers, hasn't, Marcus Noland Organizations: Service, Republican, Pew Research Center, Business, Pew Research, Trump, Immigration, Customs, American Compass, University of California, Brookings Institution, ICE, New York Times, American Immigration, Taxation, Economic, Manhattan Institute, FEMA, RNC, Peterson Institute for International Economics, American Immigration Council, Peterson Institute Locations: Los Angeles, Springfield, Aurora, Ohio, Colorado, Arizona, Yuma , Arizona, Mexico, Yuma, Tucson, Reading , Pennsylvania, US, Aurora , Colorado

☆ H5N1 bird flu identified in pig for first time in United States
▼ + stars: | 2024-10-30 | by ( Jamie Gumbrecht | Brenda Goodman | ) edition.cnn.com time to read: +4 min

CNN —H5N1 bird flu has been identified in a pig in the United States for the first time, the US Department of Agriculture said Wednesday. The USDA and Oregon veterinary officials are investigating bird flu cases in a backyard farming operation that had a mix of poultry and livestock, including pigs, the agency said. After H5N1 was identified in other animals on the farm, five swine were euthanized for testing; two tested negative, and results are still pending for two others. Some previous flu infections in pigs have allowed influenza viruses to change rapidly and develop new capabilities. Across the United States, more than two dozen people have tested positive for H5N1 flu this year, and nearly all of them have reported exposure to infected dairy cows or chickens, according to the US Centers for Disease Control and Prevention.

Persons: Michael Osterholm, ”, Dr, Sanjay Gupta, Osterholm, it’s, Scott Weese, “, Weese Organizations: CNN, US Department of Agriculture, Plant Health, Service, US Centers for Disease Control, Infectious Disease, University of Minnesota, CNN Health, University of Guelph Locations: United States, Oregon, Mexico, Ontario

☆ Pending home sales jump to highest level since March
▼ + stars: | 2024-10-30 | 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 EmailPending home sales jump to highest level since MarchCNBC's Diana Olick joins 'The Exchange' to discuss the latest housing data.

Persons: Diana Olick

☆ Harris wants to upgrade America’s economy. Trump wants to blow it up and start over
▼ + stars: | 2024-10-30 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

There’s nothing subtle about the Trump agenda. And there is a real fear that the Trump agenda could do more harm than good – especially on the inflation front. They point to study after study that finds Americans have borne almost the entire cost of Trump’s tariffs on Chinese products. And that estimate does not even include almost-definite retaliation from other nations who would respond to Trump tariffs with ones of their own. Harris has called for only partially extending the 2017 Trump tax cuts.

Persons: Kamala Harris, Donald Trump’s, Harris, Trump, Oprah, “ Trump, Joe Brusuelas, ”, That’s, Donald Trump, ” Trump, there’s, ” Kimberly Clausing, nonresident, Joe Biden, Trump’s, – Organizations: New, New York CNN, RSM, CNN, Trump, Federal, Wall Street Journal, Peterson Institute for International Economics, Biden, Federal Reserve, Peterson Institute, Social Security, NBC Locations: New York, China, Mexico

☆ Here are Wednesday's biggest analyst calls: Apple, Alphabet, Snap, Boeing, First Solar, Reddit, AMD & more
▼ + stars: | 2024-10-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Bank of America reiterates Advanced Micro Devices as buy Bank of America said the stock is best positioned following earnings on Tuesday. JPMorgan reiterates First Solar as overweight The firm said the solar company is still best positioned following earnings on Tuesday. "Attractive entry point ahead of EDN's tariff review, a key value driver that could drive significant earnings growth & trigger stock re-rating. "We remain confident in BOOT's ability to deliver attractive relative earnings growth supported by compelling unit expansion opportunity." Raymond James downgrades Crocs to market perform from outperform Raymond James downgraded the shoe company following earnings citing margin pressures.

Persons: Wells, Reddit, Morgan Stanley, Raymond James, it's, Bernstein, Baird, Raymond James downgrades Qorvo, Barclays downgrades Lear, Goldman Sachs, Chipotle, Goldman, Raymond James downgrades Crocs, Wedbush downgrades Williams Organizations: Bank of America, Devices, AMD, JPMorgan, Catalyst, " Bank of America, DoJ, Citi, YouTube, Bank of, Holdings, of America, Incyte, Boeing, UBS, Barrick Gold, Barrick, Barclays, CMG, Walmart, Apple, Apple Intelligence, 3Q, 4Q, WSM Locations: China, OW, America, Sonoma

☆ Why Kamala Harris made her 'closing argument' in front of the White House
▼ + stars: | 2024-10-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Harris delivered a "closing argument" speech at the same spot Trump held his January 6 rally. AdvertisementOn Tuesday evening, exactly one week out from the end of the 2024 race, Vice President Kamala Harris delivered a speech in the heart of Washington, DC that her campaign described as their "closing argument." Her choice to hold the rally at the Ellipse, a 52-acre park sandwiched between the White House and the Washington Monument, was all-important. Harris talked about January 6 in her rally, noting that former President Donald Trump "stood at this very spot" when he delivered his speech that day. AdvertisementAs far as closing arguments go, it may work — particularly when her opponent's own "closing argument" speech at Madison Square Garden was drowned out by one comedian's offensive joke about Puerto Ricans.

Persons: Harris, Trump, —, Kamala Harris, Donald Trump, Victoria Leacock Hoffman, Taylor, Missy Elliot's, Mitzi Maxwell, Joe Biden, Eager, Biden, denigrate Trump, he's, Joe Biden's, who's Organizations: Service, White, Capitol, DC, Biden, Democratic, Israel, Trump, Puerto Ricans Locations: Washington, American, America, USA, Florida, Orlando, Gaza, Madison, Puerto

☆ 33-year-old who left the U.S. to live minutes from the ocean in Jamaica: 'I feel like I have a better chance of longevity here'
▼ + stars: | 2024-10-30 | by ( Tiffany Grant | ) www.cnbc.com time to read: +4 min

I am minutes away from the ocean and one of my favorite restaurants on the island. This spring, I made the leap and moved with my two youngest kids to Negril, Jamaica. Overall, I feel like I have a better chance of longevity here. To me, the food in Jamaica tastes different from the food in the U.S. I knew only about four of my neighbors on the street and I lived in that house for seven years.

Persons: I've Organizations: U.S Locations: Jamaica, Negril, U.S, North Carolina, It's, States

☆ Inflation report Thursday expected to show the Fed is getting closer to its goal
▼ + stars: | 2024-10-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

While the cumulative effect of inflation has had a pronounced influence on the U.S. economy, the view in relative terms is getting progressively better. Judging by the personal consumption expenditures price index, inflation was expected to run at just a 0.2% rate in September and 2.1% from a year ago, according to Dow Jones estimates. "Another strong quarter of GDP growth and close-to-target quarterly inflation reading will be welcomed by the Fed stuck between balancing the risks of inflation and the labor market," Citigroup economist Alice Zheng said in a note Wednesday. Within the GDP report, the PCE rate for the quarter was just 1.5%, suggesting that the battle has been won. While the market is still betting heavily on more rate cuts this year, the Fed likely will be cautious.

Persons: Dow Jones, Alice Zheng, Shruti Mishra Organizations: Commerce Department, Labor, Citigroup, Bank of America Locations: U.S

☆ China lost 36% of its billionaires to years of economic troubles and crackdowns
▼ + stars: | 2024-10-30 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +7 min

According to Hurun's 2024 rich list, China lost 432 billionaires since the high of 1,185 in 2021. Hurun, a private research group that has tracked Chinese billionaires since 1999, said the total peaked in 2021 with 1,185 billionaires, a figure which fell to 753, a decline of 432, or 36% of the total. It comes as some of China's superrich choose to lie low or leave the country, finding covert ways to take their money with them. "The stories of the individuals on the Hurun China Rich List tell the story of the Chinese economy," said Rupert Hoogewerf, Hurun's Chairman and Chief Researcher. AdvertisementThat led, among other things, to regulatory crackdowns on tech platform companies and campaigns against China's rich entrepreneurs.

Persons: —, crackdowns, China's superrich, Zhang Yiming, Bytedance, Yiming, Zhong Shanshan, Rupert Hoogewerf, Robin Zeng, Li, Kerry Brown, Xi, Jack Ma, Alibaba, Brown, Joel Gallo, China shouldn't, it's Organizations: Service, Reuters, King's College London, Ant Group, & Partners, Bloomberg, New York University Shanghai, Communist Locations: China, Taiwan, Greater China

☆ Meet the 20-year-old Democrat running a multimillion-dollar PAC targeting Gen Z
▼ + stars: | 2024-10-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +3 min

“You need real young people,” said Austin, the founder of ForwardBlue. He says he’s devoted as much time as possible to politics since then, postponing college and deprioritizing typical adolescent activities. “I spent every minute I could after school volunteering for my state party, building websites for Democrats, doing whatever I could,” he said. What sets the group apart from other Democratic groups trying to reach young people is not just its message, Austin said, but how it delivers it. “The rent is too damn high,” Austin said, referring to a political moment that went viral when he was in first grade.

Persons: David Austin, ”, Austin, ” Austin, Donald Trump’s, he’s, “, they’re, Sen, John Fetterman, Kamala Harris, Joe Biden, can’t Organizations: Gen, Pennsylvania Democrat Locations: mom’s, Jersey, Pennsylvania, Maryland , Montana , Ohio, Wisconsin

☆ Israeli airstrike hits Gaza's Beit Lahia, Hezbollah names new leader after Knesset bans UNRWA
▼ + stars: | 2024-10-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +4 min

It came hours after the Israeli parliament outlawed a key United Nations aid agency in a move that could throttle the supply of medicine, food and education in the devastated territory. Gaza airstrike kills dozensThe strike hit a five-story building in the northern city of Beit Lahia housing some 200 people, according to the Gaza government media office. The Israel Defense Forces did not immediately respond to a request for comment on Tuesday's airstrike from NBC News. The law bans UNRWA, the U.N.'s Palestinian aid agency, from operating inside Israel or having any contact with Israeli authorities. But Israel has long criticized UNRWA, alleging it has been infiltrated by Hamas and intensifying that pushback after Oct. 7.

Persons: —, Sheikh Naim Kassem —, Hassan Nasrallah, Kamal Adwan, It's, Philippe Lazzarini, Matthew Miller Organizations: Hezbollah, Palestinian Health Ministry, Health Ministry, Israel Defense Forces, NBC News, AFP, Getty, West Bank, UNRWA, State Locations: Gaza, Nations, Lebanon, Iran, Beit, Beit Lahia, Israel, United States, Washington, Canada, Australia, France, Germany, Japan, South Korea, Britain

☆ We upgraded Stanley Black & Decker stock despite the post-earnings selling
▼ + stars: | 2024-10-29 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Stanley Black & Decker reported mixed quarterly results before Tuesday's opening bell, and the stock got whacked. SWK YTD mountain Stanley Black & Decker YTD Shares of Stanley Black & Decker consolidated around an 8% decline after the release. We upgraded Stanley Black & Decker on Tuesday morning back to our buy-equivalent 1 rating on the belief the stock reaction to the print was overdone. Stanley Black & Decker Why we own it: Stanley Black & Decker is in the later innings of a multi-year restructuring plan. To honor the occasion, Donald Allan, Jr., President & CEO of Stanley Black & Decker, joined by Chris Taylor, NYSE Global Head of Advisory, rings the Opening Bell®.

Persons: Stanley Black, Decker, Stanley, Donald Allan, we're, Allan, —, Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Revenue, Stanley Black, Treasury, Federal, Bosch, Techtronic Industries, Management, CNBC, The New York Stock Exchange, NYSE Global Locations: Dewalt, Europe

☆ At 26, I set off on a yearlong adventure to South America. It's been 6 years, and I have no plans to leave.
▼ + stars: | 2024-10-29 | by ( Sinead Mulhern | ) www.businessinsider.com time to read: +7 min

She saved up for a yearlong adventure in South America, planning to move back to Canada at the end. AdvertisementI often think back to the day I arrived in Cuenca, Ecuador, the Andean city that accidentally became my home. It was 2018, I was 27, and halfway into what was intended to be a yearlong adventure in South America. But as the years passed, the city felt too fast-paced, I was stressed out, and everything was expensive. When I returned home, my life felt limited, and I wanted what she had.

Persons: Sinead Mulhern, —, it's, I'm, I've, everyone's, El Mercurio Organizations: Service, UNESCO, North Locations: Toronto, South America, Canada, Cuenca, Ecuador, Colombia, Quito, Yunguilla

☆ We're making a flurry of trades: Buying 2 beaten-up stocks, taking profits in another
▼ + stars: | 2024-10-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

We're also buying 25 shares of Danaher at roughly $243.21 and 25 shares of Constellation Brands at $236.36. We're locking in profits in Best Buy based on a theme developing this earnings season. We're taking the Best Buy sale proceeds to pick up shares in two stocks that have been beaten up post-earnings: Danaher and Constellation Brands. As noted in Monday's Homestretch , Danaher stock last week suffered its worst weekly performance since 2020. NEW YORK, NEW YORK - OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City.

Persons: Jim Cramer's, We're, D.R, toolmaker Stanley Black, Danaher, Jim Cramer, Jim, Spencer Platt Organizations: Constellation Brands, Club, Corona, Constellation, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: Danaher, Horton, Monday's, bioprocessing, Modelo, Mexico, New York City

☆ How the stock market is likely to react to the election outcome
▼ + stars: | 2024-10-29 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The SPDR S & P Regional Banking ETF (KRE) has jumped nearly 5% since the fourth quarter began on Oct. 1, while the S & P 500 is ahead a little more than 1%. In the event of a Trump win but with a divided Congress, the S & P 500 is likely to remain flat in the days following the election, Emanuel wrote. Evercore ISI expects the S & P 500 falling in the 10 days after the election, to roughly 5,700, as markets re-price their expectations. 3Fourteen Research co-founder Pies expects a Harris win would translate into a drop in cyclical and small-cap stocks, and spur investors to turn to high-quality tech names. However, a Harris win, with a split Congress, is an outcome that could spur a drop in the S & P 500 immediately after the election, down to about 5,525, according to Evercore ISI.

Persons: Stocks, Donald Trump, Kamala Harris, Mike Mullaney, Trump, Harris, Julian Emanuel, Warren, CNBC's, Emanuel, Evercore, Jeff Schulze, Evercore ISI's Emanuel Organizations: U.S, Nasdaq, NBC, Boston Partners, Treasury, Trump, Republican, Regional Banking, Evercore ISI, 3Fourteen Research, Democratic, ClearBridge Investments, ISI

☆ Southport attack: Teen charged with girls’ murder at UK dance class facing terrorism charge, prosecutors say
▼ + stars: | 2024-10-29 | by ( Lauren Kent | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —The teenager charged with the murder of three young girls in a July stabbing attack at a dance class in northwest England will face a terrorism charge, British prosecutors announced Tuesday. The new charges he faces in relation to the attack in the town of Southport, England, are in addition to three charges of murder, 10 charges of attempted murder and one charge of possession of a knife. “Searches of Axel Rudakubana’s home address resulted in an unknown substance being found – testing confirmed the substance was ricin,” Kennedy told reporters at a news conference. The attack on July 29 has not been declared a terrorist incident, the police chief said. The matter for which Axel Rudakubana has been charged with under the Terrorism Act does not require motive to be established.

Persons: Axel Rudakubana, – Bebe King, Elsie Dot Stancombe, Alice da Silva Aguiar –, Taylor Swift, Constable Serena Kennedy, “, Axel Rudakubana’s, ” Kennedy, ” Dr, Renu, ” Bindra, CNN’s Helen Regan, Maija Ehlinger Organizations: London CNN, United, Service, UK Health Security Agency Locations: England, Westminster, videolink, Southport, Merseyside

☆ Mortgage rates will be high throughout 2025 even as the Fed lowers borrowing costs, Goldman Sachs says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Mortgage rates will remain above 6% throughout 2025, Goldman Sachs said. In the bank's 2025 Housing Outlook, the analysts forecast mortgage rates will remain elevated, even as the Federal Reserve cuts interest rates. They expect mortgage rates to stay above 6% next year and end 2025 at 6.1%. "Our strategists expect mortgage rates to remain elevated for the foreseeable future," the analysts, led by Jan Hatzius, said in a Monday note. AdvertisementThey pointed to a variety of technical factors, including lower rates volatility and a rebound in demand for mortgage-backed securities that will help close the gap between risk-free rates and mortgage rates.

Persons: Goldman Sachs, —, Freddie Mac, Jan Hatzius Organizations: Analysts, Service, Federal Reserve, Treasury

☆ China is eyeing $1.4 trillion in fiscal stimulus and even more if Trump is elected, report says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

China is considering a fresh $1.4 trillion stimulus, Reuters reported. The package could be approved next week and would increase in size if Trump wins the election. The large fiscal stimulus would be increased if Republican nominee and former President Donald Trump wins the US election, the report says. The remaining 4 trillion yuan would be raised by local government bonds and put toward idle land and property purchases, the sources told Reuters. AdvertisementIf Trump is elected, the stimulus package could be higher due to the economic challenges Trump's policies would pose for China, the sources told Reuters.

Persons: Trump's, —, Donald Trump, Trump, he's, Goldman Sachs Organizations: Reuters, Trump, Service, Republican, National People's Congress, China, Wall Locations: China, Beijing

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Netflix, Tesla, Meta, Uber, Amazon, Walmart, First Solar & more
▼ + stars: | 2024-10-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Tuesday: Evercore ISI reiterates Amazon as overweight Evercore says it's sticking with the stock ahead of earnings later this week. Evercore ISI reiterates Uber as overweight Evercore says it's bullish on Uber heading into earnings on Thursday. Janney upgrades First Solar to buy from neutral Janney says the solar company is attractive ahead of earnings on Tuesday afternoon. " Evercore ISI reiterates Meta as overweight Evercore says it's sticking with Meta ahead of earnings on Wednesday. Barclays reiterates Tesla as equal weight Barclays raised its price target on the stock to $235 per share from $220.

Persons: Evercore, Uber, it's bullish, Janney, Goldman Sachs, Ford, Goldman, Wells, Tesla, Morgan Stanley, Bernstein, TD Cowen, Cowen, it's, Mizuho, Stephens, ROA, Guggenheim, HOOD, we've Organizations: Ford, CTV, APP, Citi, Apple, Apple Intelligence, Barclays, Walmart, Mizuho, Netflix, Guggenheim, Six Flags Entertainment Locations: Mexican, Brazil, Mexico, China, U.S

☆ What's expected to get more and less expensive under Trump or Harris
▼ + stars: | 2024-10-29 | by ( Ayelet Sheffey | Brent D. Griffiths | ) www.businessinsider.com time to read: +10 min

Detailed below is what Harris and Trump have proposed to lower costs for Americans. AdvertisementWhile the pace of inflation has slowed, Americans continue to struggle with high prices at gas stations, grocery stores, and more. Those high prices have become a key issue for voters as the presidential election approaches. Both Donald Trump and Kamala Harris have outlined plans they say will lower costs for Americans through various policies. "If you were to try and cut down grocery prices today, there's no state of emergency.

Persons: Harris, Trump, —, Donald Trump, Kamala Harris, Tim Walz, Taylor Rogers, Dan Scheitrum, Scheitrum, it's, Rogers, Biden, Sen, JD Vance, Ohio Organizations: Service, Business, Democratic, Minnesota, Republican National Committee, Pew Research Center, California Polytechnic State University, Trump, Tax, Economic, of New, RNC, Census, Center, GOP, Gas, Biden, House, Strategic Petroleum Reserve Locations: America, Pennsylvania, Trump's, Las Vegas, of New York

☆ Jim Cramer explains how rising bond yields could dampen the market's rally
▼ + stars: | 2024-10-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday lamented rising bond yields' effect on the market, saying this action could narrow the rally to tech and diminish broader sector gains. Some on Wall Street were expecting bond yields to decline after the Federal Reserve issued a hefty 50-basis-point cut and indicated there would be more to come over the next several months. Cramer said investors are drawn back to tech stocks as higher rates complicate the growth narratives for economically sensitive corners of the market. In recent months, investors were hoping that lower borrowing costs would help companies — such as those in the industrial sector and other housing-related areas — see an increase in business and, by extension, their stock prices. "If [the bond market] doesn't stop its retreat, then we're going to start questioning the idea that the Fed will keep cutting rates, ushering in a fabulous economy for 2025," Cramer said.

Persons: CNBC's Jim Cramer, Cramer Organizations: Federal Reserve, Dow Jones, Nasdaq

☆ Jim Cramer says buy Stanley Black & Decker's post-earnings plunge 'aggressively'
▼ + stars: | 2024-10-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Stanley Black & Decker stock plunged Tuesday on the company's quarterly earnings release — a move Jim Cramer said investors should capitalize on. As the Federal Reserve continues to lower borrowing costs, activity in the housing market should pickup, boosting demand for Stanley Black & Decker's tools. "If you believe the rate cycle is coming, that's the stock to buy," Jim added. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Stanley Black & Decker power drills are displayed for sale at a Home Depot store in Colma, California.

Persons: Stanley Black, Jim Cramer, Jim, Decker, we're, Jim Cramer's, David Paul Morris Organizations: Federal Reserve, CNBC, Bloomberg, Getty Locations: U.S, Colma , California

☆ I taught college-bound seniors for a decade. Here's what many wanted their parents to know about college admissions.
▼ + stars: | 2024-10-29 | by ( Alexandra Frost | ) www.businessinsider.com time to read: +6 min

Most students want their parents to know that they are stressed about paying for college, too. AdvertisementI was a teacher for 10 years, and many high school students would take refuge in my classroom during lunchtime. AdvertisementKids want to choose their major and don't want parents' inputIt's the first question any new college student gets repeatedly: What's your major?" I watched numerous groups of students choose the same college so they wouldn't be separated. All of this can be more easily achieved if parents and college-bound kids are open to having conversations.

Persons: —, Taylor, it's, I'm, aren't, couldn't Organizations: Service Locations: America

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