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For most art-world buyers, a work unsubtly called “Comedian” lacked a certain a-peel. But on Wednesday, Cattelan got the last laugh as “Comedian” sold for $6.24 million, including $1 million in fees. The buyer was soon revealed to be Justin Sun, a 34-year old cryptocurrency platform founder from China and based in Switzerland. And while some who have capitalized on those assets will inevitably purchase art, artworks themselves have their own rates of return that depend more on evolutions in taste that don’t correlate with wider macroeconomic trends. Sun, the “Comedian” buyer, used his own cryptocurrency, TRX, to make the purchase, Sotheby’s said.

Persons: ”, Maurizio Cattelan, Cattelan, Justin Sun, Sun, ” Sun, ” David Galperin, Sun’s, Alex Glauber, “, ” Glauber, Leonardo da Vinci’s “ Salvatore Mundi ”, Glauber, Duchamp, Marcel Duchamp, Jianping Mei, Michael Moses, JP Mei, ” Moses, “ It’s, Moses, Sotheby’s, CoinMarketCap, Robb, Robert Allen Organizations: Basel, Association of Professional Art Advisors, The New York Times, Moses Art Market Consultancy, NBC News, Sun Locations: Italian, Miami, China, Switzerland, Americas, South Florida, millennials, Europe, South America

☆ Goldman Sachs is bullish on these stocks heading into December and the new year
▼ + stars: | 2024-11-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs highlighted a slate of stocks that are worth snapping up as December approaches. CNBC combed through Goldman research to find buy-rated names the firm says are must owns heading into the end of the year. Pinterest Pinterest is also firing on all cylinders, analyst Eric Sheridan wrote recently. In addition, the firm sees revenue upside with user engagement remaining strong. ... .Based on after-hours pricing, we find PINS stock as one of the most compelling risk/reward skews in our coverage universe."

Persons: Goldman Sachs, Goldman, Noah Poponak, Poponak, Bonnie Herzog, Herzog, Pinterest Pinterest, Eric Sheridan, Pinterest, Sheridan Organizations: GE Aerospace, Monster Beverage, CNBC, GE Aerospace GE Aerospace, Aerospace, Management

☆ Activist Ananym has a list of suggestions for Henry Schein. How the firm can help improve profits
▼ + stars: | 2024-11-23 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Henry Schein is a leading global distributor of health-care products and services primarily to office-based dental and medical practitioners. Health care distribution covers Henry Schein's distribution of dental and medical products, such as laboratory products, pharmaceuticals, vaccines, surgical products, dental specialty products and diagnostic tests. While Henry Schein has successfully carved into the office-based physician niche as the No. Henry Schein is a great company that has gotten sleepy and been allowed to coast when it could have been soaring. Several directors have been in their seats at Henry Schein for over a decade and the board lacks best-in-class distribution expertise.

Persons: Henry Schein, Charlie Penner, Alex Silver, Schein's, Henry Schein's, Patterson, Benco, Schein, Stanley Bergman, Ananym, Ken Squire Organizations: Ananym Capital Management, Jana Partners, P2 Capital Partners, Cardinal Health, 13D Locations: New York, EBITDA ., EBITDA

☆ How tech bros bought 'America's most pro-crypto Congress ever'
▼ + stars: | 2024-11-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Bernie Moreno, Republican U.S. Senate candidate from Ohio, attends a campaign event in Holland, Ohio, on Saturday, October 26, 2024. In total, crypto-related PACs and other groups tied to the industry reeled in over $245 million, according to Federal Election Commission data. Crypto accounted for nearly half of all corporate dollars that flowed into the election, according to nonprofit watchdog Public Citizen. It was one of the top spending committees of any industry this cycle and exclusively gave to pro-crypto candidates running for Congress. "Welcome to America's most pro-crypto Congress ever," Armstrong wrote on X on Nov. 5.

Persons: Bernie Moreno, Moreno, Sen, Sherrod Brown, Tom Williams, Donald Trump, Coinbase, Crypto, Marc Andreessen, Ben Horowitz, David Sacks, " Moreno, Brian Armstrong, Fred Ehrsam, Faryar Shirzad, Armstrong, Ehrsam, Coinbase's Armstrong, Gary Gensler, Brown, Elizabeth Warren, FTX, Fairshake, gunning, Republican Jim Justice, Democratic Sen, Joe Manchin, Katie Porter, Porter, he'd, Horowitz, Sacks, Coinbase's Shirzad, Moreno wasn't, Shirzad, David McIntosh, McIntosh, hasn't, JD Vance's, Sam Bankman, Gensler, Andreessen Horowitz, Cameron, Tyler Winklevoss, Ripple, Chris Larsen, JD Vance, Paul Grewal, Jesse Powell, Trump, Phil Potter, Multicoin Capital's Kyle Samani, Fred Wilson, Charles Cascarilla, Mike Belshe, Solana, Anatoly Yakovenko, Wences Casares Organizations: Republican U.S, Cq, Inc, Getty, Democratic, Banking Committee, Public Citizen, Crypto, House, Securities and Exchange Commission, SEC, Senate, Committee, Republicans, Protect, Fairshake, Defend, Jobs, Republican, New, CNBC, Andreessen, Craft Ventures, Club for Growth, Growth, Politico, PAC, Labs, Senate Inc, Trump, Union Square Ventures, Xapo Bank Locations: Republican, Ohio, Holland , Ohio, Cleveland, Coinbase, U.S, Arizona, Michigan, West Virginia, California, Washington, FTX, Nashville , Tennessee

☆ China's 'ruinous' EV price war cannot last forever, says Volkswagen exec
▼ + stars: | 2024-11-23 | by ( Chris Johnston | Daniel Zwick | ) www.businessinsider.com time to read: +4 min

AdvertisementVolkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit overseas automakers hard, its boss said. VW group sales in China fell by 12% in the first nine months of this year amid the rising popularity of models made by domestic manufacturers. Toyota maintained its top spot in the world for the fourth consecutive year in 2023, selling 11.2 million vehicles globally — about 2 million more than the VW group. "We build cars in China for China; the same is happening in Europe and North America.

Persons: Thomas Schäfer, Schäfer, Axel Springer, Mary Barra, Wang He, Donald Trump's, Trump, Elijah Nouvelage Organizations: Volkswagen, VW, Welt, Business, General, Rival German, BMW, Mercedes, Benz, Audi, Porsche, Labor, Toyota Locations: China, Germany, Europe, Spain, Czech Republic, Portugal, Slovakia, USA, Mexico, Canada, Chattanooga , Tennessee, North America

☆ The economist who predicted the election outcomes in detail tells BI his forecasts for 2025 GDP, inflation, and the threshold that would explode the deficit
▼ + stars: | 2024-11-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

AdvertisementChristophe Barraud predicted a Republican sweep and spike in the 10-year yield. Barraud, a top US economy forecaster, expects GDP growth to exceed consensus forecasts. He also expects higher inflation and shares concerns over the deficit crossing 7.5% of GDP. AdvertisementHe previously said that US GDP growth in 2025 would be stronger than expected at 2.1%, above Bloomberg's consensus forecast of 1.9%. A stronger labor market will cause this, especially wage growth and new job creation, combined with labor shortages from restrictive immigration policy.

Persons: Christophe Barraud, Kamala Harris, Donald Trump, Barraud, I'm, Trump Organizations: Republican, Market Securities Monaco, Bloomberg, Trump, Congressional, Office, Tax Foundation

☆ Welcome to the mullet market: Steady benchmarks in the front, crypto party in the back
▼ + stars: | 2024-11-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

This market is starting to summon the lighthearted take on a mullet haircut: business in the front, party in the back. BTC.CM= YTD mountain Bitcoin, YTD Every bullish argument for bitcoin comes down to "More people will soon have more ways to buy more of it." I've tracked the interplay between bitcoin and Nvidia shares for a while. The market's immediate response was simply to allow Nvidia to hold onto the $2.3 trillion in market value it's added this year, but not to pile on more. Meaning the current pace of new money entering these funds is not as heavy relative to total market value as it was nearly four years ago.

Persons: Trump, bitcoin, I've, John Roque, Warren Pies Organizations: Nasdaq, Nvidia, Nvidia ramped, Vanda Research, Trump, 22V Research, Bloomberg, Federal Reserve, 3Fourteen Research Locations: lockstep, bitcoin

☆ Shoppers are ready to open their wallets this holiday season — for the right deals
▼ + stars: | 2024-11-23 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

AdvertisementShoppers are willing to spend this holiday season, but many are still budget-conscious. Shoppers appear ready to spend this holiday season, but many aren't giving up the search for bargains just yet. Multiple signals suggest that some shoppers feel less pinched financially as the biggest shopping season of the year ramps up. As such, many are looking for good deals, as they have been for much of this year, while still spending on the holiday season. Friday's retail sales growth showed "a good early step forward into the holiday shopping season," National Retail Federation Chief Economist Jack Kleinhenz said.

Persons: Claire Tassin, Tassin, Milton, Jack Kleinhenz, Kleinhenz, Doug McMillon, John Rainey, Rick Gomez Organizations: Shoppers, Morning, Retailers, Nordstrom, Bank of America Institute, University of Michigan's, Hurricanes, Retail Federation, Census Bureau, Walmart, Target

☆ The McRib is returning for the holidays. Why isn’t it sold year-round?
▼ + stars: | 2024-11-23 | by ( Erika Tulfo | ) edition.cnn.com time to read: +6 min

CNN —The McRib is returning to menus this holiday season – but don’t get used to it. Essentially, consumers don’t know when it will show up next — and that element of surprise also drives demand. “It creates this sense of urgency that you have to get it now because you don’t know when it’s coming back. You don’t know if it’s coming back,” Henkes said. It’s so popular that the McDonald’s website listed “Why isn’t the McRib sold year-round?” as a frequently asked question.

Persons: McDonald’s, Nacho Fries, hasn’t, ”, Michael Della Penna, Stephen Zagor, David Henkes, Technomic, it’s, ” Henkes, Henkes, Brian Niccol, Zagor Organizations: CNN, Columbia Business School, Starbucks, Facebook, “ Locations: Kansas City

☆ Biden’s Chief Economist Processes the Election With ‘Confusion, Guilt’
▼ + stars: | 2024-11-23 | by ( Talmon Joseph Smith | ) www.nytimes.com time to read: +1 min

That is a big blow to the idea of “Bidenomics,” of which Mr. Bernstein was a leading evangelist and architect. The U.S. economy recovered from the pandemic with greater strength than any of its peers. Unemployment stayed below 4 percent for the longest stretch since the 1960s, and remains low. Several prominent economists, peers of Mr. Bernstein’s, argue that the administration’s robust fiscal response caused the inflation. And other issues of affordability — especially housing — have sapped the optimism of many households in the last couple of years.

Persons: Jared Bernstein, Donald J, Trump’s, “, Bernstein, Biden’s, Bernstein’s Organizations: White House Council, Economic Advisers Locations: U.S

☆ It's time to get serious about fixing the nation's power grid. That puts these stocks in a sweet spot
▼ + stars: | 2024-11-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

The U.S. electric grid needs a total body makeover. With Duke Austin, a fourth-generation lineman, at its helm, Quanta Services has a long history in electric power infrastructure. The backbone of the electric grid Transmission and distribution is the backbone of the electrical grid, delivering power from generation sites to consumers. PWR YTD mountain Quanta Services shares year to date MasTec MasTec has been in comeback mode. MYR Group Goldman expects MYR Group is well positioned for 2025.

Persons: Neil Mehta, Goldman Sachs, weren't, Goldman, Mehta, Duke Austin, Carly Davenport, Davenport, Austin, Goldman's Mehta, they're, MasTec, Jose Mas, MasTec's, Truist, Jamie Cook, McCoy, Cook, Ati Modak, Modak, MYR Organizations: U.S, Edison Electric Institute, MYR, CNBC, Management, MYR Group Locations: U.S, Austin

It is compact, with an e-ink display that can easily handle bright light and, the best part, is the stellar battery life. The Amazon Kindle can last up to 6 weeks, while the Kindle Paperwhite can last up to 12 weeks. Both the Kindle and Kindle Paperwhite are now at their lowest prices ever. You can pick up the Kindle for $84, which means you get a 23% discount, the lowest price we’ve ever seen. Its incredible 12-week battery life, 16GB storage capacity and size and design make it a must-have for avid readers.

Persons: I’ve, — I’ve, TikTok Organizations: NBC, Facebook, Twitter

☆ 21+ Best Secret Santa and White Elephant Gifts for 2024
▼ + stars: | 2024-11-22 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +12 min

Love them or hate them, Secret Santa and White Elephant gift exchanges are a popular holiday tradition. Below, find some of the best gifts for Secret Santa or White Elephant parties. SKIP AHEAD The best Secret Santa and White Elephant gifts in 2024 | Why trust NBC Select? The best Secret Santa and White Elephant gifts in 2024We rounded up gift ideas based on our previous coverage and NBC Select recommendations to help you find the right gift for your white elephant and Secret Santa gift exchanges. The bag is also slightly padded to provide protectionSometimes the best White Elephant or Secret Santa gifts are the things you may not buy for yourself, but that are super fun to own.

Persons: I’ve, Biana Alvarez, Peacock, Max, Rebecca Rodriguez, it’s, Rodriguez, ”, Harry Rabinowitz, “, Alvarez, gifting, Lindsay Schneider, foodies, Bethany Heitman, Bianca Alvarez, TikTok Organizations: NBC, JBL, NBC Giftable Tech, Netflix, Hulu, Apple, Bluetooth, Hydro, Facebook, Twitter Locations: Belgian, Texas

Generic drugs are the backbone of medicines prescribed in the U.S.: They account for about 90% of all prescriptions filled, according to the Association for Accessible Medicines, a trade group that represents generic drugmakers. Karoline Leavitt, a spokesperson on Trump’s transition team, declined to say whether Trump planned to grant an exemption on generic drugs. According to the American Society of Health-System Pharmacists, a group that tracks drug shortages, there are 277 active drug shortages in the U.S., half of which have persisted for two or more years. That’s different from generic drugs, which are cheaper and are often sold at close to the cost for which they were made, he said. What concerns Kesselheim the most is that tariffs could cause generic drug prices to skyrocket should more generic drug manufacturers drop out.

Persons: Donald Trump, Trump, Aaron Kesselheim, Janet Woodcock, ” Woodcock, Arthur Caplan, you’ve, ”, drugmakers, Woodcock, Karoline Leavitt, Leavitt, ” Kesselheim, Hurricane Helene, “ Organizations: Harvard Medical School, Association for Accessible Medicines, Food and Drug Administration, NYU Langone Medical, American Society of Health, System, Baxter International Locations: China, U.S, India, New York City, Hurricane, North Carolina, Indonesia, United States

“In this time, it’s extremely important that we bring the voices of Afghan women forward,” Yousafzai said in a Zoom interview with NBC News. (The militant group Tehreek-e-Taliban Pakistan, also known as the Pakistani Taliban, is a separate organization from the Taliban in Afghanistan, but a close ally.) “The Taliban are attempting to make women invisible, in a way,” said Yousafzai, who graduated from Oxford University in 2020. Mani, who also serves as a producer, said she was working on a different documentary in Afghanistan when the Taliban takeover happened. “We need women’s demands and rights to be on the agenda where the future of Afghanistan is being discussed and decided.

Persons: ’ eduction, ”, Sahra Mani, Sharifa Mowahedzada, Zahra Mohammadi, Taranom Seyedi, ” Yousafzai, “, Yousafzai, Malala, Bryan Bedder, Laden, Donald Trump’s, Joe Biden, Mani, Jennifer Lawrence, Lawrence, Justine Ciarrocchi, ” Lawrence, coldheartedness, ” Mowahedzada, Zabihullah Mujahid, ” Fereshta Abbasi Organizations: Apple, NBC News, Oxford University, Al, U.S, United, Associated Press, Human Rights Watch, Human Rights, Malala Locations: Pakistan, Afghanistan, Swat, Taliban Pakistan, American, Al Qaeda, United Nations, Qatar, Western

☆ 'Shark Tank' investor Barbara Corcoran says young people's dreams of buying a home are being crushed
▼ + stars: | 2024-11-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

AdvertisementBarbara Corcoran says it's "disturbing" how young people are being locked out of the housing market. The "Shark Tank" investor pointed to first-time buyers getting older and losing out to cash buyers. High prices, steep mortgage rates, and fierce competition are locking young people out of becoming homeowners, Barbara Corcoran says. Plus, the median age of first-time buyers climbed from 35 to 38. Corcoran also dismissed concerns that the housing market is overheated and headed for a slump.

Persons: Barbara Corcoran, Corcoran, Trump, Sellers, —, they're, Trump's Organizations: Fox Business Network, The Corcoran Group, National Association of Realtors

☆ HSBC names 2 China stock picks for 2025 — and gives one over 70% upside
▼ + stars: | 2024-11-22 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chinese markets are "turning a corner" following a series of government stimulus measures , HSBC said, naming its top stock ideas for 2025. Here are two of the stocks HSBC likes: KE Holdings HSBC is bullish on real estate player KE Holdings (or Beike), and considers it a key beneficiary of "China's 2025 inflection point." KE Holdings "has the highest earnings sensitivity to a recovery in property sales in both the primary and secondary markets," he added. KE Holdings' shares are listed on the Hong Kong Exchange and trade as an American Depositary Receipt (ADR) in the U.S. under the ticker BEKE . Hongfa Technology HSBC is also bullish Hongfa Technology and has a target price of 48.10 Chinese yuan ($28.30) on the stock, giving it around 50% upside.

Persons: Oliver Yu, Goldman Sachs, Morgan Stanley, Yu, Corey Chan, Chan, — CNBC's Michael Bloom Organizations: HSBC, KE Holdings HSBC, Holdings, HSBC Global Research's, Real, KE Holdings, Hong Kong Exchange, Hongfa Technology HSBC, Technology, HSBC Qianhai Securities, Shanghai Stock Exchange, iShares Global Tech ETF, Fidelity MSCI Locations: China, U.S

☆ Sitting on huge profits in Nvidia? Consider these 2 rules from Jim Cramer before proceeding
▼ + stars: | 2024-11-22 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Here's our Club Mailbag email investingclubmailbag@cnbc.com — so you send your questions directly to Jim Cramer and his team of analysts. This week's question: On Sept. 16, 2015, I bought 125 shares of Nvidia as a speculation stock. As longtime followers of Jim Cramer know, our belief at the Club is that discipline trumps conviction. Do we see further upside for Nvidia shares? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, NVDA, Jim, Jensen, Lee, –, you've, Jensen Huang, Donald Trump, They've, Jim Cramer's Organizations: Nvidia, NVDA, Investors, U.S, CNBC Locations: Florida, China, Taiwan

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Nike, Microsoft, Flutter, Amazon, Arm, Affirm, AbbVie & more
▼ + stars: | 2024-11-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Goldman Sachs initiates Flutter as buy Goldman said the online gambling company is well positioned. " Redburn Atlantic Equities reiterates Microsoft as buy The firm said investors should buy the dip in Microsoft shares. Baird upgrades KinderCare to outperform from neutral Baird said investors should buy the dip in shares of the daycare company. Baird upgrades Bright Horizons to outperform from neutral Baird said the daycare company is well positioned. Baird upgrades Elastic to outperform from neutral Baird said the software company is an AI beneficiary.

Persons: Goldman Sachs, Goldman, Piper Sandler downgrades Sunrun, Piper, KeyBanc, Baird, Klarna, Phillip, JPMorgan, it's, Carpenter, Needham, it's bullish, John Donohoe, Elliott Hill, they've, Wells, Truist, Leerink Organizations: Citi, Apple, UBS, Microsoft, RBC, Bank of America, Apple Pay, Phillip Securities, Nvidia, Carpenter Technology, JPMorgan, Nike, " Bank of America, KD, Semiconductors, Global Business Travel Group Locations: 2H25, North America

☆ JaGUar? Luxury automaker defends controversial rebrand amid pivot to EVs
▼ + stars: | 2024-11-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Jaguar new logo Courtesy: JaguarLuxury carmaker Jaguar has defended a rebrand that drew widespread criticism on social media this week. In a release, Jaguar said the media showcased its "dramatic new creative philosophy," branded "Exuberant Modernism," which will "inspire future vehicles." Three new electric models are expected from the company in the coming years, including a four-door GT car expected to have a six-figure starting price. We wanted to move away from traditional automotive stereotypes," Jaguar managing director Rawdon Glover told the Financial Times in an interview published Friday. A parked car featuring the existing Jaguar logo pictured on Monday, January 25, 202.

Persons: Jaguar, Gary Jenkins, they've, Rawdon Glover, Glover Organizations: Tata Motors, Rover, Facebook, CNBC, Jaguar, Miami Art, Financial Times, Nurphoto, Getty

The best Black Friday PS5 deals available right now include savings on console bundles, SSDs, controllers, and more. The slim PS5 console with disc drive is also on sale with a solid $75 discount. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. Sony also sells a PS5 disc drive add-on for $80, which lets you attach a disc drive to the slim version of the PS5 Digital Edition.

Persons: we're, We're Organizations: Business, Sony, Slim, NBA, Sony PlayStation, PlayStation, Black

☆ Top 10 S&P 500 stock winners since Election Day
▼ + stars: | 2024-11-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Michael M. Santiago | Getty Images News | Getty ImagesMany large U.S. companies have seen their stocks swell since the presidential election. The top 10 performing stocks in the S&P 500 index saw returns of 18% or more since Election Day, according to data provided by S&P Global Market Intelligence, which analyzed returns based on closing prices from Nov. 5 to Nov. 20. The 'Elon Musk premium'And then there's the Elon Musk factor. Tesla's stock got an "Elon Musk premium" from Trump's victory, said Goldberg of Professional Advisory Services. Shares of the electric-vehicle maker soared 14% the day after the election and almost 30% by week's end.

Persons: Michael M, Elon Musk, Donald Trump —, Jeremy Goldberg, Goldberg, Jacob Manoukian, Rosy, outperformance, David Glazer, Paul Moseley, Vistra, Stacey Doré, Elon, Trump, Donald Trump, Chris Unger Organizations: New York Stock Exchange, Santiago, Getty, P Global Market Intelligence, Professional Advisory Services, Inc, Trump, Deregulation, Morgan Private Bank, Companies, Warner Bros ., Max, Disney, Walt Disney Co, Palantir Technologies, Fort Worth Data, Fort Worth Star, Tribune, Service, Vistra Corp, Tech, Elon, Professional Advisory Services ., of Government, week's, UFC, Madison, Garden, Ufc Locations: U.S, Texas, —, Texas , Pennsylvania, Ohio, New York

☆ Asia-Pacific markets set to rise as investors assess Japan inflation data
▼ + stars: | 2024-11-22 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesAsia-Pacific markets were set to open higher Friday, tracking a rally on Wall Street, with the S&P logging gains for a fourth straight day. Investors in Asia will assess Japan's October consumer price index data. Singapore is also set to release its third-quarter GDP data, with growth anticipated to accelerate to 4.6% year on year from 4.1% in the prior quarter, according to LSEG data. Hong Kong's Hang Seng index futures were flat from its last close at 19601.11.

Persons: Akio Kon Organizations: Bloomberg, Getty Images, Investors, Reuters, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images Asia, Pacific, Asia, Singapore, Chicago, Osaka, 19601.11

☆ Investor focus shifts to rate cut outlook on Thanksgiving week, with Fed minutes and inflation data ahead
▼ + stars: | 2024-11-22 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

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

☆ The portfolio's biggest stock winners — and laggards — for the week
▼ + stars: | 2024-11-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The stock market is wrapping up a good week, with the S & P 500 on Friday pacing for its fifth straight session of gains. Next week: It's a holiday-shortened week with markets closed Thursday for Thanksgiving and closed early (1 p.m. 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, industrials, Coterra, We're, Blackwell, CrowdStrike, Robert F Kennedy, we'll, JM Smucker, Jim Cramer's, Jim Organizations: CNBC, ., Walmart, Costco, Utilities, Nvidia, Coterra Energy, Technology, Enterprise, Department of Health, Human Services, Department of Justice, Google, Chrome, Burlington Stores, Dick's Sporting Goods, JM, Abercrombie, Fitch, Dell Technologies, HP Inc, Federal, Jim Cramer's Charitable, Traders, New York Stock Exchange, NYSE Locations: New York City

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