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☆ European markets head for higher open as traders focus on data, earnings
▼ + stars: | 2024-11-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are expected to open higher on Tuesday, with investors keeping an eye on data releases and earnings reports. The U.K.'s FTSE 100 index is slated to open 39 points higher at 8,144, Germany's DAX up 53 points at 19,227, France's CAC 24 points higher at 7,298 and Italy's FTSE MIB up 115 points at 34,002, according to data from IG. Earnings will be coming in from Imperial Brands and Thyssenkrupp , while a finalized euro zone inflation reading for October is also due during the session. Regional markets closed lower on Monday, with investors turning their attention to regional inflation data and to Nvidia earnings due Stateside on Wednesday. Overnight, Asia-Pacific markets traded mostly higher, as investors parsed the speech of Chinese financial policymakers at an investment summit in Hong Kong.

Persons: Germany's DAX Organizations: CAC, IG, Imperial Brands, Nvidia Locations: Asia, Pacific, Hong Kong . U.S

☆ Markets have shifted from political uncertainty to policy uncertainty, says Citi's Rob Rowe
▼ + stars: | 2024-11-18 | 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 EmailMarkets have shifted from political uncertainty to policy uncertainty, says Citi's Rob RoweRob Rowe, Citi U.S. regional director of research and head of global strategy, joins CNBC's 'Money Movers' to discuss the markets moving downward after a post-election spike, what he's looking for from the economy and Federal Reserve going forward, and more.

Persons: Citi's Rob Rowe Rob Rowe Organizations: Markets, Citi U.S, Federal Reserve

☆ 7 US stocks set to rally from Trump tariffs
▼ + stars: | 2024-11-15 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

AdvertisementThere's been a lot of buzz about how president-elect Donald Trump's proposed tariffs could negatively impact some of the market's biggest names. However, for every company losing out from Trump's tariffs, there's another set to benefit from the red wave election outcome. Another big winner from tariffs and Trump policies in general is the financial sector. These businesses will experience minimal impact from tariffs while also benefitting from lower corporate taxes, which Gardner expects to go down under Trump. AdvertisementGarner and Rines shared some stocks they believe will benefit the most from Trump's proposed tariffs.

Persons: Trump's, —, There's, Donald Trump's, David Bianco, Trump, Bianco, Banks, Clayton Gardner, Gardner, Samuel Rines, Rines, Biden, Garner Organizations: Service, Biden, Trump, Ford, Companies Locations: China, America, Kentucky, Tennessee

☆ The 'Trump trades' that also give you income as you wait for policies to come to fruition
▼ + stars: | 2024-11-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In addition, analysts had to predict further gains ahead — the stocks have at least 1% upside to the average price target, according to FactSet. Bank of America is among those on Wall Street that think the banks' move since Election Day has not been excessive. Citizens gained 30% from Election Day 2016 through the end of that year and jumped 14% on Wednesday. It added nearly 4% the day after the election and gained 18% from Election Day 2016 through the end of that year. Halliburton, which yields 2.3%, has the largest potential upside ahead — nearly 32% to the average price target.

Persons: Donald Trump, Jeremy Siegel, Ebrahim Poonawala, Trump, Piper Sandler, Mark Fitzgibbon, Keith Horowitz, Halliburton, Jeff Miller Organizations: Dow Jones, Wharton School, CNBC, Bank of America, UST, Trump, Regional Banking, Citizens Financial, Fifth Third Bancorp, Citizens, Fifth, Citigroup, Citi, Marathon Petroleum, Halliburton Locations: Gulf of Mexico

☆ China announces $1.4 trillion over five years to tackle local governments’ hidden debt
▼ + stars: | 2024-11-08 | by ( Evelyn Cheng | Evelyn Cheng Is A Senior Correspondent With Cnbc. | ) www.nbcnews.com time to read: +3 min

BEIJING — China on Friday announced the central government would allocate an additional 6 trillion yuan ($840 billion) to local governments for tackling hidden debt issues. The policies will reduce hidden debt from 14.3 trillion yuan to 2.3 trillion yuan by 2028, Lan said. At the parliamentary meeting, officials had reviewed a plan to increase the limit on how much debt local governments can issue, according to state media. The additional quota would go toward swapping out local governments’ hidden debt. Nomura estimates that China has 50 trillion yuan to 60 trillion yuan ($7 trillion to $8.4 trillion) in such hidden debt, and said it expected that Beijing could allow local authorities to increase debt issuance by 10 trillion yuan over the next few years.

Persons: of Finance Lan Fo’an, Lan, Xi Jinping, Donald Trump —, —, Nomura Organizations: Friday, of Finance, People’s Bank of, People’s Congress, U.S, Nomura, International Monetary Fund Locations: BEIJING, China, Beijing, People’s Bank of China, Covid

Trump defeated Democratic candidate Vice President Kamala Harris, and Republicans claimed a majority of the Senate in elections this week. "We know kind of where the world is headed in a Trump environment because we've seen it before," said Jeffrey Solomon, president of TD Cowen, on CNBC's "Money Movers" Wednesday. One M&A advisor, who also spoke to CNBC anonymously, noted that Trump's disdain for Big Tech companies — historically active deal-makers — might keep them on the sidelines. Apparent GOP opposition to the CHIPS Act means that semiconductor consolidation might be challenging, the advisor noted, while cautioning it is still too early to know what a Trump presidency would mean. That advisor noted that smaller banks had been getting gobbled up for "some time," but that the pace and size of those acquisitions would likely ramp up under a Trump presidency.

Persons: Donald Trum, Ronda Churchill, Donald Trump, Kamala Harris, Jeffrey Solomon, TD Cowen, Solomon, Trump, Lina Khan, Khan, Howard Gutman, Jonathan Miller, —, Jared Holz, Mizuho, Sen, Elizabeth Warren, David Zaslav, David Grogan Organizations: Republican, Nevada GOP, Afp, Getty, Trump, Democratic, Republicans, Biden administration's Department of Justice, Federal Trade Commission, CNBC, Dow Jones, MorganFranklin Consulting, Big Tech, Qualcomm, Intel, Integrated Media, Pharmaceutical, Biotech, Illumina, FTC, Maze Therapeutics, Sanofi, Senate, DOJ, Allen & Company Sun Valley Conference Locations: Florida, Nevada, Las Vegas , Nevada, Ronda, Trump, Sun Valley , Idaho

☆ Jim Cramer says the market for mergers and acquisitions will be back under Trump
▼ + stars: | 2024-11-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday told investors the Trump administration is more likely to allow mergers and acquisitions to go through, processes largely stymied under Biden. "I am very confident in the idea that, under President Trump, M&A's about to come back and come back bigly," he said. Beyond M&A, Cramer said the President-elect is likely to relax antitrust regulations, whereas Biden appointees have scrutinized Big Tech outfits like Apple . But while Cramer suggested these companies are likely safer from regulatory interference under Trump, he said some of that depends on Trump's own attitude towards them. "So, it's not a surprise to see most of America's big name tech CEOs come out today with enthusiastic, public messages of congratulations for President-elect Trump," he said.

Persons: CNBC's Jim Cramer, Trump, Biden, Cramer Organizations: Wednesday, M, Trump, Time Warner, CNN

☆ Yen under pressure as BOJ keeps rates steady
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +4 min

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The BOJ kept interest rates steady on Thursday and roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signaling its readiness to continue rolling back its massive monetary stimulus. Analysts are divided over the prospect of additional interest rate hikes by year-end, putting the focus on BOJ Governor Kazuo Ueda's post-meeting briefing for clues on the pace and timing of further increases. "Any strengthening of the yen at present would likely result from a general weakening of the U.S. dollar if interest rates begin to align," said Sean Teo, a sales trader at Saxo.

Persons: Yen, Kazuo Ueda's, Sean Teo, payrolls, Donald Trump, Kamala Harris, Sterling Organizations: Bank of Japan, U.S ., U.S, Treasury, Saxo, National Statistics, PMI, Westpac, European Central Bank, Australian, Analysts, New Zealand Locations: China, U.S

☆ Stock futures are little changed after Dow closes at another record high: Live updates
▼ + stars: | 2024-10-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

NEW YORK, NEW YORK - OCTOBER 16: Traders and others work on the New York Stock Exchange (NYSE) floor in New York City. U.S. stock futures hovered near the flatline Wednesday evening after the Dow Jones Industrial Average closed at a record for the second time this week. Futures tied to the S&P 500 and Nasdaq 100 futures fell around 0.1% each. The S&P 500 rose 0.47%, while the tech-heavy Nasdaq Composite added 0.28%. On the economic front, traders will be looking toward weekly jobless claims and September's retail sales due on Thursday.

Persons: Adam Crisafulli, It's, Morgan Stanley, Blackstone Organizations: NEW, Traders, New York Stock Exchange, Dow Jones, Dow, Nasdaq, Alcoa, Transport, CSX, Vital Knowledge, Travelers, Elevance, T Bank, Truist Locations: New York City . U.S

☆ Diamond Sports looks to drop 11 MLB teams from Bally Sports regional networks
▼ + stars: | 2024-10-02 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Diamond Sports — the owner of Bally Sports-branded regional sports networks — said Wednesday that it plans to drop all MLB teams from its channels except for the Atlanta Braves. A Diamond attorney made the comments before a U.S. bankruptcy judge on Wednesday as part of an update on the company's ongoing bankruptcy process and attempt at finalizing a reorganization plan. Some of those teams were already slated to see their contracts end this season, and some contracts are not being determined by the bankruptcy process, a Diamond spokesperson said. "To be clear, rejecting these teams is not our preferred path," Diamond attorney Andrew Goldman said on Wednesday. Goldman said Diamond had warned the league about this outcome in August, noting it was a possibility if the MLB rejected Diamond's latest proposal.

Persons: —, Diamond, Andrew Goldman, MLB's, James Bromley, Goldman, Diamond's Organizations: Bally, Atlanta Braves, Minnesota Twins, Major League Baseball, Sports, Bally Sports, MLB, U.S, Cincinnati Reds, Cleveland Guardians, Detroit Tigers, Kansas City Royals, Los Angeles Angels, Miami Marlins, Milwaukee Brewers, Louis Cardinals, Tampa Bay Rays, Texas Rangers, Diamond, Wednesday Locations: Atlanta , Georgia

☆ Evercore ISI gives Harris/Walz and Trump/Vance stock picks to trade election
▼ + stars: | 2024-10-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Though the S & P 500 is up more than 20% in 2024, Evercore ISI sees a patch of volatility ahead as the November presidential election approaches — and the firm has stocks to play either outcome. Evercore ISI thinks that automotive components manufacturer Aptiv could rise in the event of a Harris/Walz win. Evercore ISI called the bank "a flight to quality name," saying it was in a competitive position despite an uncertain backdrop. If Trump wins, Charter Communications is one stock that could benefit from a "potentially benign tax environment" and a pickup in M & A activity, Evercore ISI said. Supermarket operator Kroger could also outperform due to its ability to pass through higher prices to consumers, according to Evercore ISI.

Persons: —, Evercore, Kamala Harris, Donald Trump, Julian Emanuel, Emanuel, Harris, Walz, APTV, Colin Langan, Brian Meredith, Michael Rollins, Arun Sundaram Organizations: ISI, Democratic, Government, United, Affordable, Medicare, Wells Fargo, Smart, PNC Financial Services, Evercore ISI, PNC, UBS, Trump, Charter Communications, Citi, Kroger Locations: Wells, Regional

☆ Federal Reserve unveils toned-down banking regulations in victory for Wall Street
▼ + stars: | 2024-09-10 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Recent Bank Failures and the Federal Regulatory Response" on Capitol Hill in Washington, March 28, 2023. Introduced in July 2023, the regulatory overhaul known as the Basel Endgame would've boosted capital requirements for the world's largest banks by roughly 19%. The change comes after banks, business groups, lawmakers and others weighed in on the possible impact of the original proposal, Barr told an audience at the Brookings Institution. "There are benefits and costs to increasing capital requirements. That would likely boost capital requirements by 3% to 4% over time, Barr said.

Persons: Michael S, Barr, Michael Barr, could've, Jamie Dimon Organizations: Banking, Housing, Urban Affairs, Federal, Fed, Federal Deposit Insurance Corp, Brookings Institution, JPMorgan Chase Locations: Washington, Basel

Pontoon bridges are temporary structures that militaries often build to maintain critical supply lines when permanent structures are damaged or destroyed. NBC News was not able to verify whether the video shows the destruction of a pontoon bridge or when it was shot. Another video shared Thursday by the country’s air force chief, Lt. Gen. Mykola Oleshchuk, claimed to show Ukraine’s use of guided aerial bombs to destroy two “bridge crossings” in Kursk this week. Ukraine claimed responsibility for hitting the depot, which its army’s general staff said stored oil products used to supply the Russian army. Satellite images captured on Monday, the day after the alleged attack, show flames and thick clouds of black smoke billowing from the depot.

Persons: Mykola Oleshchuk, “, Volodymyr Zelenskyy, Vasily Golubev Organizations: NBC News, NBC, Kyiv, Kremlin, Regional Gov Locations: Kursk, Glushkovo, Russia, Proletarsk, Russia’s, Rostov, Ukraine, Ukrainian, Russian

Since the arrival in late June of a foreign police force known as the Multinational Security Support (MSS) mission, criminal attacks here have slowed. But in “red zones” across the city and beyond, a new war is just beginning, as gangs test the still-forming MSS. In other words, the MSS mission has no time to lose. CNNThis mission is designed to break the mold; unlike previous peacekeeping missions in Haiti, the MSS is independent of the United Nations. To dismantle Chen Mechan,’” he said listing the nicknames of notorious Port-au-Prince gang bosses.

Persons: Prince, Toussaint Louverture, Bob Marley’s, ”, Evelio Contreras, Garry Conille –, ” –, Conille, Garry Conille, ” Conille, Prince’s Toussaint, Godfrey Otunge, he’s, Haitian National Police Rameau Normil, ” Otunge, it’s, Al, “, Lamercie, ” Estinfort, –, Mawozo, “ I’m, Lanmo, Chen Mechan, ’ ”, Biden, Haiti Dennis Hankins, CNN he’s, Hankins, ” Hankins, we’re Organizations: Prince CNN —, Haitian National Police, Multinational Security, CNN CNN, CNN, United Nations ’, UNICEF, Regional, CARICOM, State University of Haiti Hospital, “, ” Police, Planet Airways, Kenyans, Kenyan, United Nations, UN, Troops, hasn’t, Normil, Institut, MSS, US, Haitian, Haitian Justice Department, Prisons, IBESR Locations: Washington, Port, Kenya, Kenyan, Haiti, Caribbean, Florida, downtown Port, Prince, Haitian, Jamaica, Benin, Chad, Bahamas, Bangladesh, Barbados, Belize, United States, France, Canada, South Korea, Italy, India, Al Shabaab, US, city’s, Ganthier, Barbeque

☆ Venezuela’s opposition secured over 80% of crucial vote tally sheets. Here’s how they did it
▼ + stars: | 2024-08-02 | by ( Associated Press | ) edition.cnn.com time to read: +8 min

On Sunday, officials attempted to block opposition volunteers from voting centers, and in some places, they succeeded. The QR code scans gave a team of campaign workers immediate access to voting results, which they tabulated Sunday night and Monday. The National Electoral Council has not yet shared the tallies on its website, which has been down since Monday. While it is not obligated to post images of the tally sheets, it has previously shared each sheet’s totals. The campaign needed to get them all fully scanned using equipment especially designed to copy the tally sheets.

Persons: Maria Corina Machado, Nicolás Maduro, Maduro, ” Machado, “, chorizo, Machado, Edmundo González, Elvis Amoroso, Gonzalez, Enrique Márquez, …, ”, Luiz Inácio Lula da Silva, Gustavo Petro of, González, Jorge Rodriguez, Antony Blinken Organizations: Electoral, Electoral Council, United Socialist Party of, “, Maduro’s, National, International, Regional Locations: Venezuela, Caracas, United Socialist Party of Venezuela, Brazil, Gustavo Petro of Colombia, U.S

☆ Regional bank earnings reports may not matter as group rips higher on rate cut optimism
▼ + stars: | 2024-07-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Regional bank stocks are breaking out, and they may be able to continue to climb even if second-quarter earnings results are modest. The SPDR S & P Regional Bank ETF (KRE) has risen for six straight trading sessions, and on Monday it closed at its highest level since December. KRE 1Y mountain This regional bank ETF is at its highest level since December. The group still trades below historical valuations more than a year after the failure of Silicon Valley Bank, Bank of America said. Notable regional bank earnings reports this week include Citizens Financial Group on Wednesday, M & T Bank on Thursday and Fifth Third Bancorp on Friday.

Persons: Ebrahim Poonawala, Banks, Poonawala, Goldman, Ryan Nash, Nash, — CNBC's Michael Bloom Organizations: P Regional Bank ETF, Federal Reserve, Fed, Bank of America, Silicon Valley Bank, Western Alliance, WAL, York, Citizens Financial Group, T Bank, Fifth Third Bancorp Locations: Silicon

☆ These stocks reporting next week have earnings momentum
▼ + stars: | 2024-07-12 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Next week brings big earnings reports from heavyweight financials and a couple other Wall Street favorites, some of which have strong forward earnings momentum ripe for investment. For the quarterly period, the estimated year-over-year earnings growth rate for the broad market index is 8.8%, according to FactSet. If that comes out as the actual growth rate for the quarter, it will be the highest year-over-year earnings growth rate reported by the index since the first quarter of 2022, which saw a 9.4% growth rate, FactSet said. Companies with strong earnings momentum often show revenue growth, improving margins or cost reductions, making the stocks look more attractive. Take a look at the stocks we found below: Netflix , which is set to report its results on Thursday, has strong earnings momentum, according to analysts.

Persons: FactSet, TD Cowen, John Blackledge, Kai, Morgan Stanley, — CNBC's Chris Hayes Organizations: CNBC Pro, CNBC, Netflix, Northern Trust, Fifth, Regions Financial, Trust, RBC Capital Markets, Federal Reserve, RBC, . United Airlines, United Airlines, Delta Air Lines, Delta, United Locations: Northern

☆ These bank stocks are cheap and expected to rally
▼ + stars: | 2024-07-10 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

These bank stocks are cheap and expected to jump, according to CNBC Pro. The bank stock has underperformed this year, down more than 7%. But it's expected to surge 19% to its consensus price target, and has a forward P/E of 10.6. The stock is expected to gain 17% from here, and looks relatively cheap with its 10.1 forward P/E. It has a forward P/E of just 8.4.

Persons: Wells, Goldman Sachs, Morgan Stanley, It's, Stephens Organizations: CNBC Pro, Citigroup, JPMorgan Chase, Bank of America, Silicon Valley Bank, Regional Banking, CNBC, KBW Nasdaq, U.S, Bancorp, U.S . Bancorp, Western Alliance, East West Bancorp Locations: Wells Fargo, Silicon

LONDON — European stocks closed higher Wednesday, as sentiment remains on edge ahead of two major elections. The index provisionally closed 0.8% higher, with most sectors in the green led by mining stocks, up 2.3%. Maersk shares ticked 3.8% higher after the shipping giant withdrew from sales talks with logistics firm DB Schenker. It comes as figures showed softening in the U.S. labor market. ADP data showed less private payroll growth than expected in June, while weekly jobless claims numbers came in higher than forecast.

Persons: Vincent Clerc, Jerome Powell Organizations: Maersk, DB Schenker, Labour Party, Reuters, U.S, Federal Locations: France, Asia, Pacific, U.S

CNN —Six law enforcement officers and a priest have reportedly been killed in what appear to be coordinated attacks by gunmen in Russia’s southernmost Dagestan province. Regional authorities say 12 law enforcement officers have also been wounded, though it is unclear in which city. Two “militants” have also been killed following the attacks, the Russian state-owned news agency RIA Novosti reported on Sunday, citing Dagestan’s Ministry of Internal Affairs. A priest was killed in the attack on the church in Derbent, according to the Dagestan Public Monitoring Commission Chairman, Shamil Khadulaev. “According to the information I received, Father Nikolay was killed in the church in Derbent, they slit his throat.

Persons: ”, Shamil Khadulaev, Nikolay, ” Khadulaev, Khadulaev, Sergey Melikov Organizations: CNN, RIA Novosti, Dagestan’s Ministry, Internal Affairs, Dagestan Public, Russian Federation Locations: Russia’s, Dagestan, Derbent, Makhachkala, Russian, Dagestan Republic, Russia, …, Republic of Dagestan

☆ Dilemma on Wall Street: Short-Term Gain or Climate Benefit?
▼ + stars: | 2024-06-20 | by ( Lydia Depillis | ) www.nytimes.com time to read: +1 min

A team of economists recently analyzed 20 years of peer-reviewed research on the social cost of carbon, an estimate of the damage from climate change. They concluded that the average cost, adjusted for improved methods, is substantially higher than even the U.S. government’s most up-to-date figure. That means greenhouse gas emissions, over time, will take a larger toll than regulators are accounting for. In fact, the news from Wall Street lately has mostly been about retreat from climate goals, rather than recommitment. Banks and asset managers are withdrawing from international climate alliances and chafing at their rules.

Locations: Banks

☆ NBA, NHL voice concerns over future of Diamond Sports, as it tries to craft post-bankruptcy plan
▼ + stars: | 2024-06-04 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Diamond Sports — which operates its networks under the Bally Sports brand — has been under bankruptcy protection since March of last year. The leagues are worried the owner of the largest portfolio of regional sports networks won't have a viable business plan sorted out ahead of the 2024-25 season. Meanwhile, numerous NBA and NHL teams have reached deals with local broadcast station groups to carry local games. Diamond Sports must put together a reorganization plan, outlining its future outside of bankruptcy protection, and receive court approval to move forward with it. The NBA has pushed for Diamond Sports to have "a very clear business plan no later than July," Indelicato said Tuesday.

Persons: Diamond, Vincent Indelicato, Indelicato, Sinclair Organizations: Bally, MLB's Houston Astros, Minnesota Twins, Target, National Basketball Association and National Hockey League, Diamond Sports, Sports, Bally Sports, NBA, NHL, Major League Baseball, Comcast Corp, Comcast, MLB, Regional, Distributors, CNBC Locations: Minneapolis , Minnesota, NBCUniversal

☆ A bank ETF could bounce if inflation data is cooler than expected, Bank of America says
▼ + stars: | 2024-05-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The rapid shift in expectations away from multiple rate cuts this year may have created a trading opportunity around Wednesday's inflation data, according to Bank of America. We believe squeeze risks for rate-sensitive laggards on a CPI miss outweigh downside risks on a CPI beat," Kwon wrote. Specifically, there could be an opportunity to bet on the squeeze risk through the SPDR S & P Regional Banking ETF (KRE) , Kwon said. KRE YTD mountain This regional bank ETF is underperforming the broader market year to date. Investors could position for this potential squeeze by just buying the ETF outright, though that does carry the risk of a hot inflation reading pushing regional bank stocks down.

Persons: Ohsung Kwon, Kwon, Russell, CNBC's Michael Bloom Organizations: Bank of America . Equity, Regional Banking, Federal Reserve, Silicon Valley Bank, First Republic, Bank of America Locations: IWM, Silicon

☆ These stocks are set to gain the most over the next month, according to an AI model
▼ + stars: | 2024-05-13 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

One of those programs is iFi Ai, an investment information firm powered by IBM's Watsonx. IFi AI takes in a wide range of market signals and data to make projections about where individual stocks will go next. One of the outputs from the iFi AI model is a 30-day projected price return. The iFi AI model sees a gain of 23%. The iFi AI model is not the only entity bullish on Schwab.

Persons: Ai, IBM's Watsonx, Ron Insana, Warren Buffett's Berkshire Hathaway, iFi, Piper Sandler, Matthew Clark, Charles Schwab, Schwab Organizations: CNBC, Paramount Global, Paramount, Sony, Skydance Media, Western Alliance

☆ Senate Races to Pass Bill to Reauthorize F.A.A. and Improve Air Travel
▼ + stars: | 2024-05-09 | by ( Kayla Guo | ) www.nytimes.com time to read: +1 min

The Senate is racing against a Friday deadline to pass legislation to reauthorize the Federal Aviation Administration at a moment of intense uncertainty and disruption in the air travel system, but a host of policy disputes and unrelated issues are threatening to prolong the debate. As one of the few remaining bills considered a must-pass item this year, the F.A.A. package has become a magnet for dozens of amendments and policy riders that lawmakers are fighting for a vote on, which has slowed its progress in the Senate. and another $738 million to the National Transportation Safety Board for airport modernization, technology programs and safety. It also would bolster the hiring and training of air traffic controllers, codify airlines’ refund obligations to passengers and strengthen protections for passengers with disabilities.

Persons: Chuck Schumer, “ Organizations: Federal Aviation Administration, Senate, National Transportation Safety Board Locations: New York

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