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☆ TJ Maxx says Trump’s tariff ‘chaos’ will help the chain
▼ + stars: | 2024-11-22 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

But TJ Maxx believes that Trump’s tariff plans will benefit the discount chain. TJX, the parent company of TJ Maxx, Marshalls and HomeGoods, said Wednesday that the “chaos” Trump’s tariffs may bring to the retail industry plays right into its business model. Tariffs are taxes placed on imported goods designed to protect domestic manufacturers. Unlike most brands and retailers, TJX says it only imports a small, undisclosed percentage of its merchandise from factories overseas. “In other words, even if prices do generally rise because of tariffs, TJX will still be relatively cheaper.”

Persons: Donald Trump’s, TJ Maxx, it’s, ”, Ernie Herrman, ” “ That’s, TJX, Trump, Herrman, Lowe’s, Steve Madden, John David Rainey, ” Neil Saunders Organizations: New, New York CNN — Companies, Marshalls, Companies, National Retail Federation, “ Manufacturers, Peterson Institute for International Economics, Walmart, CNBC, GlobalData, CNN, “ Locations: New York, HomeGoods, East, China, TJX

Apple is currently discounting some of our favorite wireless earbuds and over-ear headphones — the AirPods Pro 2 and AirPods Max, ahead of Black Friday. NBC Select reporter Harry Rabinowitz says they are the best wireless earbuds for anyone with an iPhone. Apple’s first over-ear bluetooth headphones, the AirPods Max have powerful audio quality, active noise cancelation, transparency mode and spatial audio. NBC Select associate reporter Bianca Alvarez loves using them to focus at work and when flying. Harry Rabinowitz is a reporter for NBC Select who has covered deals and sales for over two years.

Persons: AirPods Max, Harry Rabinowitz, ”, Apple’s, Max, Bianca Alvarez, “, “ I’ve, Cory Fernandez, TikTok Organizations: Apple, NBC, Amazon, Facebook, Twitter

☆ HSBC names 3 'underappreciated' Asian stocks to watch in 2025 — giving one 63% upside potential
▼ + stars: | 2024-11-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Meituan HSBC is bullish on Meituan and has a target price of 220 Hong Kong dollars ($28.30) on the stock, giving it 25.8% upside potential. "Despite the macro challenges, Meituan's growth profile remains resilient," said Charlene Liu, HSBC Global Research's head of internet and gaming research for Asia-Pacific. Calling it a "best-in-class small-cap" idea, HSBC Global Research's India health-care analyst Damayanti Kerai believes it is "well positioned to sustain healthy growth." Kia's shares have been on an uptrend, gaining around 8% in the last five days. HSBC has a target price of 160,000 Korean Won ($114.80) on the stock, implying nearly 63.1% upside potential.

Persons: Charlene Liu, Liu, Damayanti Kerai, Kerai, Will Cho, Cho, — CNBC's Michael Bloom Organizations: HSBC, Hong, HSBC Global Research's, Morningstar, Hong Kong Exchange, Krishna, Medical Sciences, Bombay Stock Exchanges, Kia, Korea Exchange, Won Locations: Asia, Hong Kong, U.S, HSBC Global Research's India, Korean, HSBC Global Research's Korea, EU

☆ Why the cost of Thanksgiving dinner shows the weird state of inflation
▼ + stars: | 2024-11-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

AdvertisementThe cost of Thanksgiving dinner has fallen for the second year in a row. It shows how shoppers are still facing high prices, even if inflation has slowed down this year. The cost of a traditional Thanksgiving dinner has fallen for the second year in a row. A Thanksgiving meal for 10 people will cost $58.08 on average this year, according to a survey of grocery store prices from the American Farm Bureau Federation. AdvertisementThis year, some retailers are selling bundles of Thanksgiving meal items while advertising them as affordable.

Persons: Zippy Duvall, Bernt Nelson, —, Donald Trump's Organizations: American Farm Bureau Federation, Walmart, Discount, Aldi Locations: Puerto Rico

☆ Investor who bought Kanye's Malibu home makes lowball offer for Diddy's 'Freak Off' mansion
▼ + stars: | 2024-11-21 | by ( Madeline Berg | Dan Latu | ) www.businessinsider.com time to read: +5 min

AdvertisementThere's been a $30 million offer on Sean Combs' Los Angeles mansion. The lowball offer comes from the same real estate investor who purchased Kanye West's Malibu house. AdvertisementThe mansion is in one of Los Angeles' richest neighborhoods, known for its proximity to Beverly Hills and large lots. Luxury real estate in Los Angeles is currently experiencing a major slump, Beverly Hills agent Rochelle Atlas Maize told BI. Maize, who was personally shopping for homes in Los Angeles at the time, said she wouldn't step foot near it.

Persons: Sean Combs, Sean, Diddy, Combs, Bo Belmont, Shou Zi Chew, Belmont, Rochelle Atlas, Belwood, starchitect Tadao Ando, Menendez, Ryan Murphy's, it's, It's Organizations: feds, Kanye, Belwood Investments, Business, Beverly, Rochelle Atlas Maize, Ryan Murphy's Netflix Locations: Los Angeles, Los, Singapore, Beverly Hills, Rochelle, Malibu, Beverly Flats

☆ Wells Fargo says GE Vernova is a buy as AI energy demand grows
▼ + stars: | 2024-11-21 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

GE Vernova can help meet the massive energy demands from artificial intelligence, according to Wells Fargo. The firm initiated coverage of the energy company with an overweight rating. Analyst Michael Blum said robust power demand tied to AI could lead to GE Vernova emerging as a key beneficiary, especially because the subsequent buildout will require an update to the power grid. GEV YTD mountain GE Vernova stock. The analyst also noted GE Vernova trades at a discount relative to the S & P 500.

Persons: Michael Blum, Blum Organizations: GE, General, GE Vernova Locations: Wells Fargo

☆ Williams-Sonoma says rivals who lean into discounts are training shoppers to 'wait for that promotion'
▼ + stars: | 2024-11-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

AdvertisementSome retailers are offering discounts and sales to win over inflation-weary shoppers. Discounts encourage shoppers to put off purchases, Laura Alber said. Many retailers are trying to lure in budget-conscious shoppers with discounts and other markdowns. Instead, Alber said that Williams-Sonoma has focused on getting shoppers to come back by offering consistent prices and quality items. Alber said on the company's earnings call that it wants to offer "approachable prices with great quality."

Persons: Laura Alber, Williams, Alber, CNBC's Jim Cramer Organizations: Williams, Sonoma, Walmart Locations: Sonoma

☆ Target's recent trade imports data tells the real story behind massive earnings miss
▼ + stars: | 2024-11-21 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

But cargo container trade data reviewed by CNBC tells a more nuanced tale. "We took some action to move product ahead of the port strike which came with more cost," Fiddelke said. Target's peak season imports for 2024 compared to 2023 were flat to down, according to cargo container volumes data pulled and analyzed by ImportGenius. According to customs data aggregated by Panjiva, Walmart imported 25,000 shipments from May 31-August 31, valued at $1.3 billion. "With any frontloading for the port strike, inventory would be up even higher than that."

Persons: Brandon Bell, Brian Cornell, Michael Fiddelke, Fiddelke, William George, Lynn Hughes, we're, Jerry Storch, Storch, Joe Feldman, Feldman, Bill Simon, Simon, Melissa Repko Organizations: Getty, CNBC, Target, ILA, ImportGenius, Storch Advisors, Panjiva, Walmart, Telsey Locations: Austin , Texas, U.S, New England, Texas, West Coast, Savannah , Georgia, Long Beach , California, of Virginia, West, East Coast, Gulf

☆ Goldman Sachs: staggered tariffs on China expected
▼ + stars: | 2024-11-21 | 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 EmailGoldman Sachs: staggered tariffs on China likely, but don’t discount broader levy expansion on AsiaGoldman Sachs' Andrew Tilton talks about the 4.5% growth projection for China in 2025 and discusses the implication of tariffs on the country and the broader Asia economy.

Persons: Goldman Sachs, Asia Goldman Sachs, Andrew Tilton Locations: China, Asia

Big retailers’ fortunes are diverging as the holiday shopping season gets underway. On Wednesday, Target cited “lingering softness in discretionary categories” as a top factor in its disappointing third-quarter sales, as many budget-conscious shoppers continue to focus on necessities. It’s the latest sign that discounts will be the driving force this holiday season, as they’ve been for much of this year. “We’re starting to get back to normal here.”U.S. retail sales rose 0.4% overall in October, federal data showed last month, beating analysts’ forecasts. In the meantime, the steady expansion of e-commerce looks set to continue this holiday season.

Persons: ”, Brad Thomas, they’ve, TJ Maxx, John David Rainey, “ We’re, “ They’re, they’re, ” Thomas, Matthew Shay, TransUnion, Neil Saunders, Saunders, Helene, Milton, who’ve, ” Saunders Organizations: Target, Walmart, KeyBanc, Marshalls, CNBC, “, National Retail Federation, GlobalData, NBC

☆ Jim Cramer looks at Target earnings, says consumers are loyal to value and not brands
▼ + stars: | 2024-11-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday said consumers right now aren't focused on brand names, but on companies that can provide the most value. The big box retailer cut its full-year guidance, and management said it saw weakness in discretionary products despite price cuts. Although the two retailers offer similar products, Cramer said Walmart is simply more affordable. He also named other discount outfits that are seeing success despite a tough consumer landscape, including Costco , TJX , Chili's-parent Brinker and Texas Roadhouse . On Wall Street, this focus on value extends beyond consumer companies and to sectors like tech, Cramer added.

Persons: CNBC's Jim Cramer, we're, " Cramer, Cramer, Brinker, Microsoft — Organizations: Target, Walmart, Costco, Texas, Nvidia, Google, Oracle, Microsoft

☆ Act now for $7,500 EV tax credit: There's 'real risk' Trump will axe funding in 2025, lawyer says
▼ + stars: | 2024-11-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Chris Unger | Ufc | Getty ImagesThere's considerable uncertainty over the contents of a future Republican tax package and the fate of the EV credit, experts said. Repealing all the IRA's green energy tax credits, including the EV credit, would offset that cost by about $921 billion, it said. She was getting ready to buy one thanks to the $7,500 EV credit, which made the vehicles more affordable, she said. To wait and buy in 2025 is "too big of a gamble" given Trump's antipathy toward the EV credit, she said. There's no question there's real risk in the EV credit going away.

Persons: Donald Trump, Jamie Wickett, Hogan Lovells, Wickett, Joe Biden, Trump, Chris Unger, Laura, Hogan, —, wouldn't, it's, Ingrid Malmgren, Malmgren Organizations: Digitalvision, Getty, Biden, Republicans, Capitol, IRA, Elon, UFC, Madison, Garden, Ufc, Security, Tax, Chrysler Pacifica, Local, Plug, U.S . Treasury Department, Treasury Locations: New York, Charlotte , North Carolina

☆ Three global stocks stocks to own in 2025, according to Barclays
▼ + stars: | 2024-11-20 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The outlook for equity markets looks "decent" going into 2025, according to Barclays, as central banks cut interest rates and the global economy remains resilient. The bank named "overweight-rated stocks in which our analysts have high conviction in 2025 and see value in owning on an individual basis." Here are three of Barclays' top picks, which it gives over 35% upside potential: Shell Barclays is bullish on Shell and has a target price of £36 ($45.60) on the stock, giving it around 40% upside potential. They are currently trading around a three-times discount to their five-year average, Barclays' analysts said. Barclays has a target price of 160 euros ($169.50) on the Amsterdam-listed stock, giving it 44% potential upside.

Persons: BeSi, — CNBC's Michael Bloom Organizations: Barclays, Shell Barclays, Shell, London Stock Exchange, AstraZeneca, London, Stockholm Stock Exchanges, BE Semiconductor, BE Semiconductor Industries, Euronext Locations: U.S, —, Euronext Amsterdam, Amsterdam

☆ Williams-Sonoma CEO explains pricing strategy after earnings beat
▼ + stars: | 2024-11-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

"When we price the goods the first time, we want you to say, 'wow, that's a great price, and how gorgeous is that product?'" Williams-Sonoma beat earnings and raised its outlook, sending shares to a new all-time high to finish up 27.54% by close. Alber critiqued the short-term promotion and discount pricing strategy sometimes used by other retailers, saying this approach isn't successful in the long term, as customers become "trained to wait for that promotion." She suggested customers trust the "pricing integrity" of Williams-Sonoma when it initially prices items. Williams-Sonoma is known as a high-end brand, but Alber claimed the company's prices are attainable.

Persons: Laura Alber, CNBC's Jim Cramer, Williams, Alber, they're Organizations: Williams, Sonoma Locations: Sonoma

Keep reading to learn how to watch the CMA Awards, including live streaming options for those without cable. While it's her first time hosting the show, she's no stranger to the CMA Awards. How to watch the CMA Awards in the USThe CMA Awards will air on ABC on Wednesday, November 20, at 8 p.m. Those without cable can still live stream the awards show using a month-to-month live TV streaming service like Sling TV, DirecTV Stream, or Fubo. Check price at FuboHow to watch the CMA Awards from anywhereTraveling outside the US and still hoping to tune in to the CMA Awards?

Persons: Luke Bryan, Peyton Manning, Lainey Wilson, it's, Wilson, Morgan Wallen, Jelly Roll, Luke Combs, Kacey, Chris Stapleton, Post Malone, Ballerini, Noah Kahan, Simone Biles, Freddie Freeman, Billy Bob Thornton, George, Jamey Johnson, Miranda Lambert, Parker McCollum, Stapleton, we've, ExpressVPN Organizations: Business, Country Music, CMA, Big Town, Post, ABC, DirecTV, DirecTV Stream Locations: Nashville, George Strait

☆ Oppenheimer's top stock picks heading into year-end
▼ + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Meanwhile, the Dow Jones Industrial Average and the S & P 500 are each up more than 3% month to date. As November nears its close, Oppenheimer has updated its top stock ideas list. Its $145 price target reflects almost 22% upside from Tuesday's close. Oppenheimer believes medical technology company Transmedics is also due for a rally, as its $125 target reflects nearly 51% upside from Tuesday's close. TMDX YTD mountain TMDX, year-to-date For newly added Citigroup, Oppenheimer's $107 target implies more than 56% upside from Tuesday's close.

Persons: Stocks, Donald Trump's, Oppenheimer, Rob Lynch, Brian Bittner, Suraj Kalia Organizations: Oppenheimer, Nasdaq, Dow Jones Industrial, Citigroup, Oppenheimer's Locations: Instacart

☆ We're changing our price target on TJX despite the retailer's light guidance
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: +6 min

We're raising our TJX price target to $135 per share from $130. The combined T.J. Maxx and Marshalls business unit was impacted by temporary closures resulting from hurricanes Helene and Milton. Guidance TJX sees fiscal 2025 fourth quarter EPS in the range of $1.12 to $1.14, which is below the $1.17 expected. Outside of North America, T.J. Maxx is known as T.K. North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.

Persons: HomeGoods, Ernie Herrman, Helene, Milton, TJX, Herrman, John Klinger, —, Klinger, Maxx, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg Organizations: TJX Companies, TJX, Marshalls, Ross Stores, Burlington Stores, CNBC, North, Maxx, Getty Locations: Maxx, HomeGoods, Canada, United States, Spain, North America, North Miami Beach , Florida

Learn moreThe 2024 Billie Jean King Cup comes to an end with a final showdown between Slovakia and Italy. We'll show you where to watch the Billie Jean King Cup final, including global live streaming options. It's a familiar scene for both Slovakia and Italy as they enter the final at the Billie Jean King Cup. Check price at FuboWhere to watch the Billie Jean King Cup in the UKThe Billie Jean King Cup Final airs on the Tennis Channel in the UK, which is streamable through the Tennis Channel website. Where to watch the Billie Jean King Cup in AustraliaBillie Jean King Cup Final coverage will be available through beIN in Australia.

Persons: Billie Jean King, Italy's Jasmine Paolini, Sara Errani, Swiatek, Katarzyna Kawa, Australia Billie Jean King, It's, ExpressVPN Organizations: Business, Billie Jean King Cup, Tennis Channel, DirecTV, Entertainment, Elite, Sports, Fubo Locations: Slovakia, Italy, We'll, Canada, Iga, Poland, Australia, beIN

☆ Trump may face bond vigilantes amid concerns over inflation and the deficit
▼ + stars: | 2024-11-20 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Bond vigilantes may pressure Washington to address deficits, affecting fiscal policy decisions. Wall Street doesn't constantly look to Washington for investment advice or direction, but the bond market is one place where they definitely intercept. The tipping point would create headwinds for the bond market as bond prices drop. The deficit is another sore spot, as promised tax cuts could further shrink government revenue. And this must be done by showing how they will offset tax cuts and remain fiscally responsible.

Persons: Jimmy Chang, Chang, they're Organizations: Trump, Republican, Rockefeller, Family Office Locations: Washington

☆ Carson Block is shorting cosmetics company E.L.F. Beauty, saying it's a 'revenue and investor mystery'
▼ + stars: | 2024-11-20 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

AdvertisementSpeaking at the Sohn conference in London, Muddy Waters founder Carson Block said he was short E.L.F Beauty. Notorious short-seller Carson Block has a new target: discount cosmetics company E.L.F. AdvertisementUsing import data and referencing conversations the Muddy Waters founder and his team had with E.L.F. "Its reported inventory also appears materially inflated as a result — i.e., to account for cash that has not really come in." AdvertisementBlock and his firm, Muddy Waters, have been a thorn in the side of plenty of companies, big and small.

Persons: Muddy, Carson Block, E.L.F, Block, Muddy Waters, Block's, Blackstone Organizations: Sohn, Muddy Waters, Sohn Conference Locations: London, California, Muddy, China

A lawyer said his client was allegedly paid to have sex with Matt Gaetz at a 2017 party. A man accused of three fatal stabbings in New York City has an extensive criminal history. Gaetz, a former Republican U.S. representative from Florida, has long denied the allegations against him and has claimed he was the target of an extortion plot. A Trump transition team spokesperson called the allegations “baseless.” Gaetz resigned from Congress last week after Trump announced plans to nominate him for attorney general. The stabbings happened yesterday morning at three separate locations.

Persons: Matt Gaetz, Donald Trump’s, Gaetz, Joel Leppard, Leppard, ” Gaetz, Ramon Rivera, Rivera, it’s, Maya Huter, Jing Feng, Cynthia Erivo, Ariana Grande, Glinda, Kalhan Rosenblatt, Tony Lee, — Richie Duchon, Elizabeth Robinson Organizations: Justice Department, NBC News, NBC, Republican U.S, Trump, United Nations, Apple, Reebok, REI’s Locations: New York City, Florida —, Orlando, Florida, stabbings, New York, United

Full coverage car insurance provides liability insurance and coverage for your car (collision and comprehensive). Best Cheap Full Coverage Car Insurance for Discounts: Farmers Auto InsuranceWhile other providers list less than 12 car insurance discounts, Farmers has over 23. Tips for Finding the Cheapest Full Coverage InsuranceFull coverage car insurance is more expensive than the minimum coverage. Cheap Full Coverage Car Insurance Frequently Asked QuestionsWhat does full coverage car insurance consist of? The standard full coverage car insurance consists of liability insurance, collision insurance, and comprehensive insurance.

Persons: we've, Chubb, GEICO, It's, Read, USAA, you'll, JD Power Organizations: Farm Auto Insurance, State, Farm, State Farm, Farmers Auto Insurance, Farmers, Insurance, Owners, Auto, Drivers, Luxury Vehicles, Chubb, People, Poor, GEICO, Customer Service, Erie Auto Insurance, North Central, District of Columbia, Military, Auto Insurance Military, National Guard Reserve, . Insurance, Toyota, JD, Better Business Bureau, Consumer Affairs Locations: Rhode Island and Massachusetts, New York, California, Erie, North, Chevron

Fortunately, Big Fig has designed a mattress specifically for larger bodies, and during Big Fig's Black Friday sale, you can get it at a whopping $500 off. If you're in the market for a mattress, this is the best deal you're likely to find on Big Fig all year. The best Black Friday Big Fig dealsBig Fig Mattress (Queen) $1,399.00 $1,899.00 Save 26% The Big Fig Mattress is constructed for heavier individuals with firm support and a high weight capacity. View at Big Fig What we like Check mark icon A check mark. View at Big FigBlack Friday Big Fig FAQsHow long is Big Fig's Black Friday sale?

Persons: Big, Read Organizations: Business Locations: Big

☆ China offers a 'unique diversification opportunity,' says Bridgewater's co-CIO
▼ + stars: | 2024-11-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

But China offers a unique diversification opportunity, said Bridgewater Associates' co-CIO. Bridgewater's China hedge fund added local stocks after Beijing's stimulus-driven rally. AdvertisementThis is largely due to lower correlations between different markets as countries turn inward, Prince told the media outlet. They are also lowering correlations across markets, Prince told SCMP. Bloomberg reported in October that Bridgewater's onshore China hedge fund was adding local stocks after a September stock rally following Beijing's aggressive stimulus.

Persons: Asia —, Bob Prince, Prince, SCMP, Ray Dalio, Donald Trump's Organizations: Bridgewater Associates, South China Morning, Reuters, Bloomberg Locations: China, Asia, North America, Europe, Bridgewater

☆ How Spirit Airlines’ bankruptcy could affect travelers
▼ + stars: | 2024-11-19 | by ( Alexandra Skores | ) edition.cnn.com time to read: +4 min

CNN —If you planned on traveling aboard Spirit Airlines for the holidays, which filed for bankruptcy Monday, you shouldn’t worry. Multiple US airlines have undergone bankruptcies over the years, including United Airlines in 2002, Delta Air Lines in 2005 and American Airlines in 2011. That same low fare model pushed competitors at legacy airlines to offer options for basic economy tickets, tickets that compare to Spirit’s prices but come with restrictions. She said the stigma of bankruptcy may impact Spirit going forward with travelers uncertain of its future. For now, travelers shouldn’t stress as the airline begins to navigate bankruptcy, as it seems like a pretty standard bankruptcy filing, according to Foss.

Persons: Zach Griff, Guy, “, ” Griff, I’m, ”, Ted Christie, Griff, Sarah Foss, Debtwire, Foss, ” Foss Organizations: CNN, Spirit Airlines, United Airlines, Delta Air Lines, American Airlines, Frontier Airlines, JetBlue Airways, Frontier Locations: Frontier

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