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After hitting two-decade highs nearing 8% late last year, mortgage rates have fallen, dipping nearly as low as 6% in September. Mortgage rates are expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Home sales are on track for their worst year since 1995 due to home-price growth and elevated mortgage rates. Mortgage rates are closely tied to the 10-year US Treasury yield. Billionaire investor Paul Tudor Jones last month said a swelling national debt under Trump would be frowned upon by the bond market.
Persons: Freddie Mac, ” Lawrence Yun, , Wells, Fannie Mae, Donald Trump’s, Trump, ” Bernard Baumohl, Paul Tudor Jones, “ We’re, , Nick Dus, “ They’ve, Dus, NAR’s Yun, Yun, ” Yun, Samantha Delouya Organizations: Washington CNN, National Association of Realtors, Federal, Treasury, Economic Outlook, Billionaire, Trump, CNBC, CNN, Fed Locations: Wells Fargo, Evansville , Indiana
The Trump trade showed its resilience this week
  + stars: | 2024-11-22 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
Small-cap stocks were one of the biggest winners on Wall Street this week, serving as a prime example that the Trump trade is alive and well after a brief pause . Small caps were not the only components of the Trump trade that had strong gains this week. According to Tom Fitzpatrick, managing director at R.J. O'Brien & Associates, all signs point toward the Trump trade staying strong. Tesla, other stock components of the Trump trade Electric vehicle stock Tesla advanced nearly 10% this week. "I believe energy still has a lot to prove and the Trump trade didn't work out as well as investors thought it supposed to over his first term."
Persons: Trump, Russell, Donald Trump, Tom Fitzpatrick, Fitzpatrick, Bitcoin, Gary Gensler, Tesla, Elon Musk, Vivek Ramaswamy, Halliburton, Jay Woods, Woods Organizations: Nasdaq, Dow Jones, Investors, Trump, Tesla, Trump Media & Technology Group, Halliburton, U.S . Steel, O'Brien & Associates, CNBC, U.S, Securities and Exchange Commission, Freedom Capital Markets . Energy
Claire started season seven in jail and ended it returning to Scotland with Jamie. Caitríona Balfe as Claire in "Outlander" season seven. Robert Wilson/StarzClaire began season seven in a jail cell in Wilmington after she was falsely accused of murdering her pregnant apprentice, Malva Christie (Jessica Reynolds). Once freed from jail, Claire returned to Fraser's Ridge and continued her duties as the community's doctor and healer, which included delivering her granddaughter. By the midseason finale, Claire and Jamie were making the journey back to Scotland after an unexpected turn of events at the second battle of Saratoga.
Persons: Claire, Jamie, Caitríona Balfe, Robert Wilson, Starz Claire, Malva Christie, Jessica Reynolds, Tom Christie, Mark Lewis Jones, Audiences, Allan Christie, Alexander Vlahos, Malva Organizations: Scotland, Starz Locations: Wilmington, Scotland, Saratoga
A Google Trends and tech expert suggests avoiding bakeries, salons, and grocery stores on Saturdays. The holiday season is right around the corner and planning your week ahead could help you beat the crowds and save time. Business Insider spoke to Google Trends and technology expert Jennifer Jones ahead of Thanksgiving to get advice on the best way to plan your week during the holiday rush. AdvertisementIf you plan to shop on Black Friday, Google's data shows that the busiest travel times are between 11:00 a.m. and 2:00 p.m. Don't hit the road on these daysIf you plan to travel Thanksgiving week, make sure you avoid leaving Friday.
Persons: Jennifer Jones, Saturday Jones, Jones, it's Organizations: Google, Business, Saturday
The interest rate outlook will come back into focus next week with key inflation data and Federal Reserve meeting minutes coming out ahead of Thanksgiving, as investors wrap up a major month for markets following President-elect Donald Trump's election victory. The October personal consumption expenditure (PCE) price index set to release Wednesday could dent already-dimming hopes for a December rate cut if it comes in hotter than expected. The inflation rate is expected to have increased 0.2% month over month and 2.3% year on year. Rosy expectations Even with the interest rate cut expectations coming in, investors are optimistic on the direction for stocks to close out the year and into 2025. Goldman Sachs' David Kostin this week said he expects the S & P 500 can end next year at 6,500.
Persons: Donald Trump's, , Luke O'Neill, Stocks, O'Neill, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Tom Hainlin, Jeff Cox Organizations: Federal Reserve, Alpha Fund, Nasdaq, Dow Jones, BMO, UBS, Bank Asset Management, Dell Technologies, Chicago, New, Richmond Fed, Devices, Autodesk, PCE Deflator, Chicago PMI Locations: U.S, Chicago
CNN —President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. In many respects, the Treasury secretary is the quarterback of the economy. Wall Street was unfazed by the selection. One of the Treasury secretary’s jobs is to help keep Wall Street calm and confident during times of economic or market turmoil. The Treasury secretary works closely with both the central bank and the White House.
Persons: Donald Trump’s, he’s, Scott Bessent, “ Scott Bessent, , Glock, , Trump, Matt Gaetz, Robert F, Kennedy, Jr, MAGA, ” Glock, Bessent, Elon Musk, Cantor Fitzgerald, Howard Lutnick, Musk, Lutnick, , Isaac Boltansky, “ Scott, I’ve, Kyle Bass, Xi Jinping, Jerome Powell Organizations: CNN, Manhattan Institute, Trump loyalists, Treasury, Soros Fund Management, Fox News, Trump, Commerce, Street, Hayman Capital Management, Dow Jones, White Locations: Bessent, China, Argentina
AdvertisementSix tourists who died in Laos are believed to have consumed tainted drinks. Several tourists who died in Vang Vieng, Laos are believed to have drunk tainted alcohol. The Australian Broadcasting Corporation wrote that local authorities in Laos were investigating the case and trying to ascertain where the tainted alcohol came from. It is unclear how the other four tourists could have come into contact with tainted alcohol. November 22, 2.30 a.m. — This story was updated to include comments from the Australian Department of Foreign Affairs and Trade.
Persons: Brit, Holly Bowles, Anthony Albanese, Bowles, Bianca Jones, Simone White, Toan, Nana backpacker, Médecins, Vang Vieng Organizations: Brit, US State Department, Australian, Denmark's Ministry of Foreign Affairs, CNN, Australian Broadcasting Corporation, Associated Press, BBC, US Centers for Disease Control, British Foreign Office, Danish Ministry of Foreign Affairs, Business, Australian Department of Foreign Affairs, Trade Locations: Laos, Danes, Vang Vieng, Thailand, British, London, Asia, Indonesia, Singapore
An American citizen has died at a popular adventure spot in Laos where alcohol tainted with methanol has been blamed for a spate of poisonings in recent days. The State Department said the U.S. citizen died in Vang Vieng, a town popular with backpackers to the north of the South East Asian country’s capital. Citing confidentiality, it would not comment when asked whether they died of methanol poisoning. One of South East Asia’s poorest countries, authorities in Laos have long cautioned foreign travelers about tainted drinks at nightclubs and bars. Duong Duc Toan, the manager of Nana Backpack hostel displays a bottle of vodka at his bar in Vang Vieng, Laos, on Tuesday.
Persons: , Anthony Albanese, Bianca Jones, Holly Bowles, , ” Albanese, Bowles, Jones, Vang Vieng, Nana Backpacker, Duong Duc Toan, Nana, Anupam Nath, Penny Wong Organizations: State Department, South East, NBC, Australian, Associated Press, NBC News, AP Locations: American, Laos, Vang Vieng, , Thailand, Vang, Thailand’s Bangkok, , East, Australia, New Zealand
CNN —An Australian teenager has died and another is fighting for her life after drinking suspected tainted alcohol in Laos, as a growing list of countries warned of multiple poisonings linked to a tourist town in the Southeast Asian country. Jones’ death is the latest in a spate of suspected methanol poisonings of foreigners in Vang Vieng, a popular destination for young international backpackers. The British Embassy in Laos said it was providing consular assistance to British nationals “following an incident” in the country. “In November 2024, several foreigners in Vang Vieng have been victims of suspected methanol-adulterated alcohol poisoning,” the Canadian government said. Laos, one of the poorest countries in Southeast Asia, has been hit hard by skyrocketing inflation in recent years.
Persons: Bianca Jones, Holly Bowles, Jones, , , Anupam Nath, Vang Vieng, Anthony Albanese, didn’t Organizations: CNN, Nine, US State Department, ” Denmark’s Ministry of Foreign Affairs, US Centers for Disease Control, New Zealand Ministry of Foreign Affairs, Trade, ” “, British, , Zealand, Foreign Office, Nine News, Associated Press, British Foreign, Tourism Locations: Laos, Thailand, Bangkok, Vang Vieng, American, British Embassy, Australia, United Kingdom, Canada, , Vang, Melbourne, Southeast Asia
Morgan Stanley CEO Ted Pick on Thursday expressed optimism about the stock market, saying that the U.S. economy will continue to outperform in 2025. "The world is still led by the U.S. consumer," Pick told CNBC's "Squawk Box Asia" from the Morgan Stanley summit in Singapore. He does acknowledge there will be some caution, due to factors including policy uncertainty, but "on the whole, people are are understandably continuing to be constructive." Pick said Morgan Stanley predicts that the broad-based S&P 500 will increase, pointing out that sectors like financials and industrials could perform with continued economic growth and some deregulation. The S&P 500 has gained just over 24% year to date, while the Dow Jones Industrial Average has seen a 15.13% climb.
Persons: Morgan Stanley, Ted Pick, Pick, CNBC's, industrials Organizations: Dow Jones Locations: U.S, Singapore
New York (AP) — Pamela Hayden, the longtime voice actor behind Milhouse Van Houten — Bart Simpson’s very uncool friend — is stepping away after 35 years of whining. Hayden, 70, who voiced Milhouse, Jimbo Jones, Rod Flanders, Janey and Malibu Stacy, will sign off from “The Simpsons” on Nov. 24 in a “Treehouse of Horror” episode. “Pamela gave us tons of laughs with Milhouse, the hapless kid with the biggest nose in Springfield. She made Milhouse hilarious and real, and we will miss her,” said “The Simpsons” creator Matt Groening. In one episode, Bart got Milhouse placed on the America’s Most Wanted list, but in another he traded Bart’s soul to the guy at the comic book store.
Persons: — Pamela Hayden, Milhouse Van Houten, Bart Simpson’s, , Hayden, Milhouse, Jimbo Jones, Rod Flanders, Janey, Malibu Stacy, “ It’s, ” Hayden, “ Pamela, , Matt Groening, Richard Milhous Nixon, Groening, Nelson, Bart Locations: York, Springfield
Stock futures edged lower on Thursday evening with Wall Street poised to end the week with gains in the three major averages. S&P 500 futures dipped 0.1%, while Nasdaq 100 futures were lower by 0.3%. All three major averages are on track for a positive week, led by the Nasdaq Composite's gain of 1.56%. That's a change from last week, when Wall Street's postelection rally appeared to stall. Shares of Gap jumped 15% after the company beat earnings estimates and hiked its full-year sales guidance.
Persons: Wall, Saira Malik Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Nvidia, market's, Intuit Locations: New York City
As more rain falls, the risk for dangerous flash flooding, debris flows and landslides will increase as the ground becomes too saturated to hold and streams and rivers continue to rise and overflow. What can make atmospheric rivers difficult to forecast is that they are narrow bands of moisture, and they hold dramatically less moisture around their edges than they do in the center. So a specific location could see a huge variety in the potential forecast in the days and even hours leading up to an event. For this storm, that means a place south of the Golden Gate Bridge, like San Francisco, could end up seeing only an inch of rainfall or more than six inches by Friday. Here’s a look at what’s happened so far, what the region may face next and why it’s so hard to be sure.
Persons: it’s Locations: Northern California, West Coast, San Francisco
CNN —A musical gem was recently uncovered from the vaults of the Luther Vandross Estate — a soulful, never-before-heard rendition of The Beatles’ song “Michelle.”The cassette tape was simply labeled June 1, 1989. On Thursday, a new music video of Vandross’ rendition of “Michelle” is set to debut on YouTube. This discovery adds to a catalog of musical milestones that solidified Vandross as an R&B genre-defining artist. The Beatles’ “Michelle,” written by John Lennon and Paul McCartney, won the Grammy for song of the year in 1967. His life and entertainment career are celebrated in the upcoming CNN film “Luther: Never Too Much,” directed Dawn Porter.
Persons: Luther Vandross, Michelle, , Vandross, “ Michelle ”, Vandross ’, Fonzi Thornton, Dionne Warwick, David Bowie, Aretha Franklin, Mariah Carey, Michelle ”, Darrin James, Lee’s, “ Michelle, John Lennon, Paul McCartney, , ” Thornton, “ Luther, Dawn Porter Organizations: CNN, YouTube, French, Sony Music
AdvertisementIncoming boss Mark Lazarus addressed the CNBC newsroom Thursday. Three CNBC staffers told BI the mood inside the company seemed upbeat during Lazarus' visit. Three CNBC staffers told Business Insider they felt Lazarus' optimistic talk landed well in the newsroom. Lazarus said SpinCO "would be a predator, not prey" and examine various targets "like digital businesses and IP," a second CNBC staffer recalled. Before his meeting with CNBC staff on Thursday, Lazarus and MSNBC president Rashida Jones spoke to execs, producers, anchors, and hosts at MSNBC on Wednesday, Vanity Fair reported.
Persons: Mark Lazarus, Lazarus, Joe Kernan quipping, We're, SpinCO, Rashida Jones, Rachel Maddow, it's, Bob Iger Organizations: CNBC, Comcast, CNBC —, PE, MSNBC, Bravo, Disney Locations: New Jersey
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Nvidia's "biggest problem is allocation," Jim Cramer said, referring to the supply crunch for its next-gen Blackwell chips. 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, Blackwell, Jim, there's, Deere, There's, Stocks, Jim Cramer's, PANW, DOV Organizations: CNBC, Dow Jones, Nasdaq, Nvidia, Club, Deere, Palo Alto Networks, Palo, Blackwell, Electrical, Eaton, BJ's Wholesale Locations: Palo Alto, Dover
CNN —Brazilian authorities have indicted ex-president Jair Bolsonaro, accusing him of “full knowledge” of a 2022 plot to kill his successor, Luiz Inácio Lula da Silva, and overturn the results of the presidential election. On Thursday, Brazil’s federal police indicted 37 individuals including Bolsonaro, as part of the investigation into the fallout of the 2022 presidential elections, in which Bolsonaro’s bid for reelection was defeated, CNN Brasil reports. Police reportedly allege that Bolsonaro had “full knowledge” of a plan to prevent Lula and his government from taking office after his election victory. Earlier this week, Brazilian police arrested five people, including a former adviser to Bolsonaro, over the alleged plots. In October 2022, Lula narrowly beat Bolsonaro in the presidential election.
Persons: Jair Bolsonaro, Luiz Inácio Lula da Silva, Bolsonaro, Lula, Lula’s, Geraldo Alckmin, Alexandre de Moraes, Moraes, Mário Fernandes –, Bolsonaro’s, Flavio Bolsonaro, Organizations: CNN, CNN Brasil, Police, Supreme, Brazilian Locations: Brasilia
“The Simpsons” is saying goodbye to the voice behind some of its most iconic characters. Pamela Hayden, who voiced Milhouse Van Houten and a slew of other characters, announced she is retiring from the show after 35 years. “The time has come for me to hang up my microphone, but how do I say goodbye to The Simpsons?” Hayden said in a news release. “We named him Milhouse because that was the most unfortunate name a kid could have,” Groening said in a statement. “People come up to me and they quote Milhouse lines,” Hayden said in a video FOX shared Wednesday to commemorate her roles.
Persons: Pamela Hayden, Milhouse Van Houten, ” Hayden, , ” Milhouse, Bart Simpson, Bart, Matt Groening, Richard Milhous Nixon, Milhouse, ” Groening, “ Pamela, He’s, Jimbo Jones, Rod Flanders, Ned Flanders, Lisa Simpson’s, Janey Powell, Malibu Stacy, Hayden Organizations: FOX, Locations: Springfield
The man accused of killing Georgia nursing student Laken Riley was found guilty of murder Wednesday in a case that became a flashpoint in the immigration debate earlier this year, ahead of the presidential election. Riley’s killing drew national attention to the immigration debate after officials announced that Ibarra is a Venezuelan citizen who entered the United States illegally in 2022. UGA students during a vigil for Laken Riley on Feb. 26. Joshua L. Jones / USA Today NetworkDuring the trial, prosecutors argued that Ibarra killed Riley after she fought off his attempt to rape her. The prosecution pointed to DNA and other evidence that they said linked Ibarra to Riley on the day of her murder.
Persons: Laken Riley, Jose Antonio Ibarra, Tom, , Jose Ibarra, Hyosub Shin, H, Patrick Haggard, Ibarra, Haggard, Allyson Phillips, Riley’s, , ” Phillips, Phillips, ” Prosecutors, Riley, Donald Trump, Joshua L, Jones, Sheila Ross, Riley “, ” Ross, Diego Ibarra, Kaitlyn Beck, Diego, Jose Organizations: Superior Court, , University of Georgia, UGA, USA Locations: Athens, Clarke, Ga, Venezuelan, United States
Stock futures are near flat Wednesday night as investors parsed the all-important earnings release from artificial intelligence darling Nvidia . Investors kept a close eye on after-the-bell earnings from Nvidia, the chipmaker that has dazzled Wall Street for more than a year as a key AI beneficiary. While the company beat expectations for the third quarter and issued strong guidance, shares shed more than 1%. On the other hand, Snowflake jumped more than 19% after the data analytics software company beat expectations for the third quarter. That action follows a mixed day on Wall Street, with the S&P 500 ending near flat.
Persons: University's, Snowflake, Dow, Beth Hammack, Austan Goolsbee, Jeff Schmid Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Investors, Dow, University's Stern School of Business, Traders, Cleveland Federal, Chicago Fed, Kansas City, Intuit Locations: New York City, New
A wind-whipped storm tore through Northern California on Wednesday, knocking down trees, snarling highways and transit, and leaving tens of thousands of people without power. Days’ worth of rain fell on some places in just a few hours. It was the season’s first major atmospheric river, a type of storm that can deliver prodigious amounts of water in a narrow band from the Pacific Ocean. “This is a major storm the likes of which we haven’t seen in over a decade,” said Melanie Coon, a spokeswoman for Puget Sound Energy. Wind gusts in some places exceeded 90 miles per hour — equivalent to the winds of a hurricane.
Persons: , Melanie Coon Organizations: Puget Sound Energy Locations: Northern California, Pacific, Seattle, California, Oregon, San Francisco
AdvertisementCher is dating Alexander Edwards, a music executive and producer. Cher rose to fame alongside her first husband Sonny Bono, who was 11 years her senior. AdvertisementEdwards is a music-industry executive who has worked with Def Jam RecordsTyga and Alexander Edwards at the 2024 Victoria's Secret Fashion Show. AdvertisementAs for his future plans, Edwards told Stoned Fox that he's also interested in acting. "Slash Electric Alexander Edwards.. the world is urs now," he wrote in the caption, per People.
Persons: Alexander Edwards, Edwards, Slash, who's, Cher, Alexander, AE, Sonny Bono, Warren Beatty, Kevin Mazur, Stoned Fox, Coco Jones, Muni Long, Justin Bieber, LL, Rihanna, YK Osiris, Osiris, Riggs Morales, Kylie Jenner, He's, Tupac, Usher, Pharrell, Tyga, he's, Amber Rose Alexander Edwards, Amber Rose, Roger Kisby, Def Jam Rose, Donald Trump, Ye, Wiz Khalifa, Sebastian, Rose, urs, Rose accused Edwards, doesn't, Sonny, hadn't, Slash Electric Alexander Edwards, Elisabeth Egan Organizations: Def Jam, Sony Music, New York Times, Def Jam Records, Sony Music Publishing, Last Kings, Last Kings Records, Republican National Convention, TMZ, CBS, Slash Electric Locations: Los Angeles, England
STORRS, Conn. — UConn women’s basketball coach Geno Auriemma passed Tara VanDerveer as college basketball’s all-time winningest coach with the Huskies’ win over Fairleigh Dickinson on Wednesday night in Storrs. Advertisement“This is yet another outstanding milestone in a career filled with them for Geno Auriemma,” VanDerveer said in a statement. Alone, he has more NCAA Tournament wins than any program in men’s or women’s college basketball. In 1995, Lobo’s senior season, UConn won its first national title. From 2013 to 2016, the Huskies won four national titles and set a college basketball record by winning 111 consecutive games.
Persons: STORRS, , Geno Auriemma, Tara VanDerveer, Auriemma, Azzi Fudd, ” VanDerveer, Geno, Chris, ” Auriemma, Paige Bueckers, Chris Dailey’s, Sue Bird, Diana Taurasi, Maya Moore, Napheesa Collier —, Dailey, Duke men’s, Mike Krzyzewski, Rebecca Lobo, Lobo’s, Swin Cash, Ashja Jones, Tamika Williams, Taurasi, Tina Charles, Moore, Stewart, Jared C, Tilton Organizations: — UConn women’s, Huskies, Fairleigh Dickinson, UConn, Naismith, WNBA, Dallas, Gampel, Stanford, VanDerveer, Tennessee, women’s, Getty Locations: Conn, Storrs
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
In this article BRBY-GB.N225SMCI.SPXNVDA.IXIC.DJI Follow your favorite stocks CREATE FREE ACCOUNTChip company Nvidia's headquarters in Silicon Valley in February 2024. Andrej Sokolow | Picture Alliance | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. I clearly expect to see some kind of immediate reaction, knee-jerk reaction," Tiffany McGhee, CEO and CIO of Pivotal Advisors, told CNBC. Considering Nvidia's performance over the past two years, however, it's hard to think of any other asset that will give investors the same sense of safety.
Persons: SPX, Andrej Sokolow, Tiffany McGhee, Stocks, McGhee, Gonzalo Asis, Blackwell, Jensen Huang, bubbled, Iordache, Katrina Bishop, Brian Evans, Samantha Subin, Pia Singh Organizations: Getty, CNBC, Nasdaq, Dow Jones, Reserve, Bank of America Securities Locations: Silicon Valley, Russia, Ukraine
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