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☆ Adani Group slams 'baseless' New York fraud and bribery charges
▼ + stars: | 2024-11-21 | by ( April Roach | ) www.cnbc.com time to read: +2 min

Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, Sept. 27, 2022. Photographer: Edwin Koo/Bloomberg via Getty ImagesIndia's Adani Group on Thursday denied allegations of bribery and fraud made by U.S. authorities in relation to the group's chair Gautam Adani, saying all such claims were "baseless." Shares of companies in India's Adani Group plunged after Gautam Adani, one of the world's richest people, was indicted in a New York federal court on charges regarding an alleged bribery and fraud scheme. An Adani Group spokesperson said the allegations made by the U.S. Department of Justice and the U.S. Securities and Exchange Commission against directors of Adani Green Energy are "baseless and denied." Following the indictment charges, Adani Green Energy cancelled plans to raise around $600 million through U.S. dollar-denominated bonds.

Persons: Gautam Adani, Adani, Edwin Koo, Sagar Adani, Vneet Jaain, GQG Partners, CNBC's Boon Ping, Dan Mangan Organizations: Adani, Forbes, Summit, Bloomberg, Getty, India's Adani, Energy, U.S . Department of Justice, U.S . Securities, Exchange Commission, GQG, Green Energy, Citi, . Locations: Singapore, India, U.S, New York

☆ German powerhouse Thyssenkrupp books $1 billion impairment on struggling steel unit
▼ + stars: | 2024-11-19 | by ( April Roach | ) www.cnbc.com time to read: +1 min

A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. Germany's Thyssenkrupp on Tuesday reported a 1-billion-euro ($1.06 billion) impairment on its struggling steel division as the industrial powerhouse flagged "gloomy volume" expectations and structural challenges in the sector. The firm said its net loss of 1.5 billion euros in the fiscal year ending Sept. 30 — after deducting minority interest — was mainly due to asset impairments totaling around 1.2 billion euros, of which 1 billion euros were undertaken by its Steel Europe division. "In respect of our main strategic issues, the current fiscal year will be a year of decisions – especially for Steel Europe and Marine Systems," CEO Miguel Lopez said in the firm's Tuesday statement. "In parallel, we are seeking to further improve the performance of all our businesses and better leverage the opportunities presented by the green transformation."

Persons: Ying Tang, Germany's Thyssenkrupp, —, Miguel Lopez Organizations: Getty, Steel Europe, Marine Systems Locations: Duisburg, Germany

☆ UK economy ekes out 0.1% growth in the third quarter, below expectations
▼ + stars: | 2024-11-15 | by ( April Roach | ) www.cnbc.com time to read: +3 min

Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. Gross domestic product came in at 0.1% in the three months to September compared to the previous quarter. That's below the 0.2% growth expected by economists polled by Reuters and follows an expansion of 0.5% in the second quarter of the year.

Persons: Mike Kemp, Rachel Reeves, Thiru, Donald Trump, Trump's, Andrew Bailey, I'm Organizations: of England, Getty, Gross, Reuters, National Statistics, Bank of England's, Bank of England, Labour, Finance, Institute of Chartered Accountants, U.S Locations: City of London, London, United Kingdom, The City, U.K, That's, Britain, England, Wales

☆ 7 photos show how Zendaya and Tom Holland's style as a couple has evolved
▼ + stars: | 2024-11-09 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Zendaya and Tom Holland have been a couple publicly since 2021. They keep their relationship private but occasionally make red-carpet appearances together. AdvertisementZendaya and Tom Holland have become one of Hollywood's most stylish couples. Though they've largely kept their relationship private, Holland and Zendaya have made a handful of joint appearances since they were first spotted kissing in a car together in 2021. The couple's most recent appearances indicate Zendaya has shown Holland how powerful of a tool fashion can be — particularly when they yield it together.

Persons: Tom Holland, Zendaya, —, they've, Law Roach, Hoka Organizations: Service Locations: Holland

☆ Goldman says these retailers are the most exposed to potential Trump tariffs
▼ + stars: | 2024-11-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Companies that buy the largest share of their goods from China could be damaged the most by plans to raise tariffs under another Trump presidency, according to Goldman Sachs. Goldman Sachs analyst Brooke Roach wrote, "53% of goods were sourced from China as of FY23, though the company is targeting mid-teens by FY24." Most analysts covering the name are neutral, although the average price target is approximately 12% above Best Buy's current price. Analysts are generally neutral on RH, with the average price target only 2% above where shares are currently trading. Analysts are also generally neutral on this stock, with the average price target indicating potential 3% downside over the next 12 months.

Persons: Trump, Goldman Sachs, Donald Trump, Brooke Roach, Roach, RH Organizations: Trump, Analysts Locations: China, Asia, Vietnam, Indonesia, India

☆ U.S. Treasury yields edge higher as traders await key inflation data
▼ + stars: | 2024-10-31 | by ( April Roach | ) www.cnbc.com time to read: +1 min

One basis point is equivalent to 0.01%. The 10-year Treasury yield was less than one basis point higher at 4.27%. The 2-year Treasury note yield added one basis point to 4.16%. U.S. Treasury bond yields rose as traders reviewed the gross domestic product reading for the third quarter and looked ahead to key inflation data out later in the session. A report on weekly jobless claims and the third-quarter reading on the employment cost index are also scheduled for release on Thursday.

Persons: Dow Jones Organizations: U.S, Treasury, Federal, Traders, Fed Locations: U.S

☆ AI boom thrusts Europe between power-hungry data centers and environmental goals
▼ + stars: | 2024-10-29 | by ( April Roach | ) www.cnbc.com time to read: +6 min

Major equipment suppliers in Europe say that U.S. chip designers are calling on them to lower their water temperatures to accommodate the hotter AI chips, according to Herbert Radlinger, managing director at NDC-GARBE. Energy efficiency is high on the European Commission's agenda, as it seeks to reach its goal of reducing energy consumption by 11.7% by 2030. The EU predicted in 2018 that energy consumption of data centers could rise 28% by 2030, but the advent of AI is expected to boost that number two or threefold in some countries. Many of the recent discussions have focused on different ways to source "prime power" for AI data centers and for the potential for more collaboration with utilities, said Steven Carlini, chief advocate of AI and data centers and vice president at Schneider Electric. Liquid cooling will require a "reconfiguration," Gunen explained, adding that new data centers are already coming ready with this technology.

Persons: Goldman Sachs, Andrey Korolenko, Nvidia's Blackwell, we've, Winterson, CNBC Michael Winterson, Michael Winterson, Herbert Radlinger, Steven Carlini, Carlini, Schneider, Meta, Gunen, Equinix Organizations: Luza, CNBC, European Data Center Association, NDC, EU, Energy, Directive, Schneider, Schneider Electric, European, Nvidia, Blackwell Locations: Europe, Brussels, Equinix

☆ Goldman Sachs upgrades Warby Parker to buy, cites strong margin growth as catalyst
▼ + stars: | 2024-10-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Analyst Brooke Roach noted that while the stock's valuation "remains somewhat elevated," Warby Parker's strong fundamentals and margin growth outlook justifies outperformance from here. Warby Parker trades at a forward price-to-earnings multiple of 69, well above the S & P 500's 24.6 ratio. Warby Parker also has a track record of maximizing its labor operations and first-year store profitability. Analysts are generally bullish on Warby Parker, which is up 17% for the year. Of the 15 covering the stock, eight have buy or strong buy ratings, LSEG data shows.

Persons: Warby, Goldman Sachs, Brooke Roach, Warby Parker, Roach

☆ Victoria’s Secret Fashion Show returns: Here’s what you need to know
▼ + stars: | 2024-10-16 | by ( Tara John | ) edition.cnn.com time to read: +14 min

Kate Moss, 50, makes her Victoria's Secret Fashion Show debut. Kate Moss, who turned 50 in January, made her Victoria’s Secret Fashion Show debut, with her daughter Lila also modeling. Taylor Hill/WireImage/Getty ImagesShe said that Victoria’s Secret was listening to their customers, who wanted the show to return. Ashley Graham walks the runway for the Victoria's Secret Fashion Show 2024. Dimitrios Kambouris/Getty ImagesBlackpink's Lisa performs during the Victoria's Secret Fashion Show 2024.

Persons: Lisa, Blackpink, Gigi Hadid, Barbie, Hadid, Brown, Kate Moss, Dimitrios Kambouris, Adriana Lima —, —, Bella Hadid, Alex Consani, Paloma Elsesser, Lila, Cher, Roxanne Robinson, ” Cher, Evan Agostini, Destiny’s Child, Justin Timberlake, Kanye, Barbara Palvin, Yasmin Wijnaldum, Winnie Harlow, Kendall Jenner, Alexina Graham, Naomi Campbell, Quannah, Megan Rapinoe, Priyanka Chopra Jonas, “, ”, Chantal Fernandez, Lauren Sherman, Victoria’s, Sarah Sylvester, Critics, Janie Schaffer, Liu Wen, Taylor, Victoria’s Secret’s, Tyra Banks, Law Roach, Banks, Angela Weiss, Ashley Graham —, ’ ”, ” Adriana Lima, Roy Raymond, Leslie Wexner, Reagan, ” Sherman, ” Fernandez, Heidi Klum, Gisele Bundchen, Stephen Cherrnin, Sherman, Sharleen, Brands ’, Ed Razek “, Razek, Wexner, Vogue, didn’t, Lily Aldrige, Karlie Kloss, Jeffrey Epstein, Epstein, Ashley Graham, Blackpink's Lisa Organizations: New, New York CNN, PETA, CNN, Brands, Getty, Brooklyn Navy, AP Locations: New York, Brooklyn, White, Lagos, Bogotá, London, Tokyo, American

☆ Dutch government to reduce its stake in ABN Amro by a quarter
▼ + stars: | 2024-10-15 | by ( April Roach | ) www.cnbc.com time to read: +1 min

The Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan. Shares of the Dutch bank traded 1.2% lower at the market open and was last down 0.6% as of 9:15 a.m. London time. The Dutch government, which currently holds a 40.5% interest in ABN Amro, announced via its investment vehicle firm NLFI that it will sell shares using a pre-arranged trading plan set to be executed by Barclays Bank Ireland. ABN Amro was bailed out by the state during the 2008 financial crisis and later privatized in 2015. The U.K. and German administrations have both made moves this year to reduce their respective shareholdings in NatWest and Commerzbank.

Persons: UniCredit, Commerzbank Organizations: ABN Amro, Barclays Bank Ireland, NatWest, Commerzbank Locations: London, Europe

☆ Investors should take China ‘very seriously,’ fund manager says, naming a stock to start with
▼ + stars: | 2024-10-11 | by ( Nicole Teo | ) www.cnbc.com time to read: +4 min

With all eyes on China right now, one fund manager is bullish on the country regardless of any "bazooka" stimulus measures, saying investors should be getting involved. Starting on Sept. 24, China announced a string of stimulus measures aimed at boosting China's economy . Stephen Roach, for example, former chief economist at Morgan Stanley, warned investors against being too swept up in the China market rally . 'Starting point' For those looking to invest in China, Glass said a good "starting point" was Midea Group , which makes appliances and industrial robots. Analysts' average price target is 4.49 Hong Kong dollars, which gives the stock almost 30% potential downside from its current price around 6.40 Hong Kong dollars.

Persons: Steven Glass, Glass, hasn't, CNBC's, Stephen Roach, Morgan Stanley, Midea Organizations: Sydney, Pella Funds, Investors, National Development, CSI, HSBC, Generations Fund, Midea Group, China Equity, Hong, Garden Services Holdings Locations: China, Pella, Hong Kong, Shenzhen, U.S, Hong

☆ China is trying to give investors the one major thing missing from its economic stimulus blitz
▼ + stars: | 2024-10-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

China is expected to announce extra fiscal policy support on Saturday. The lack of consumer support in China's last stimulus package disappointed investors. According to a Bloomberg survey, most analysts expect authorities to pledge $283 billion of fiscal stimulus at Saturday's highly anticipated press conference. Chinese authorities followed up by announcing Saturday's press conference, which promised to introduce new measures centered on fiscal policy. Some analysts remain less sure about what fiscal stimulus will actually achieve on its own, pointing out that Beijing needs to pursue structural reforms to revive consumer confidence.

Persons: —, Lan Fo'an, China's, Mark Williams, Stephen Roach, Arthur Kroeber, Gavekal Organizations: Bloomberg, Service, Finance, Analysts, CSI, Reform Commission, Capital Economics, Asia, Financial Times Locations: China, Beijing, Yale

☆ Goldman's favorite trades for the upcoming earnings season
▼ + stars: | 2024-10-11 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

"This rise in nervousness has increased the potential for relief rallies for stocks on their respective earnings events." Analysts expect an earnings growth rate for the S & P 500 of 4.2% in the third quarter, per FactSet data, which would represent a fifth-straight period of year-over-year growth. Here's a look at some of Goldman's top trade ideas heading into earnings season. GAP YTD mountain Gap stock. NVDA YTD mountain Nvidia stock.

Persons: Goldman Sachs, John Marshall, Goldman, Wells Fargo, Brooke Roach, Toshiya Hari, Hari Organizations: JPMorgan Chase, Old Navy, GAP, Nvidia, Broadcom, Boston Scientific

☆ 4 market experts share 10 places to invest your money after September's jobs data blew expectations out of the water
▼ + stars: | 2024-10-05 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Below, four market experts share how investors should allocate their money going forward. The US job market blew past economists' predictions, with total nonfarm payrolls increasing by 254,000 last month — over 100,000 more jobs than expected. Chris Zaccarelli, chief investment officer, Independent Advisor AllianceThe job market is showing signs of strengthening with the September data. With that being said, the current environment presents many opportunities to invest in equities, according to Zaccarelli. "Recession fears are elevated, and we think those are underpriced, underappreciated parts of the market," Zaccarelli said.

Persons: —, we've, Liz Ann Sonders, Charles Schwab, Sonders, there'll, it's, Jeffrey Roach, Roach, Lisa Shalett, Morgan, Shalett, Chris Zaccarelli, Zaccarelli Organizations: Service, Federal Reserve, Investors, Fed, Morgan Stanley Wealth Management, Independent

☆ Here's where the jobs are for September 2024 — in one chart
▼ + stars: | 2024-10-04 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The September jobs report was surprisingly strong , and the details show that growth came from many different areas of the economy. Within hospitality, food services and drinking places saw jobs jump by 69,000. Professional and business services grew by 17,000 jobs, which is a notable change for a category that had shed jobs in recent months. The only caution flag could be the rise in those with multiple jobs," Roach said. Two key areas that lost jobs last month were manufacturing and transportation and warehousing, though each category shrank by fewer than 10,000 jobs.

Persons: Jeffrey Roach, Roach Organizations: of Labor Statistics . Government, LPL Financial

☆ Stock market today: Dow notches record high after strong jobs report eases slowdown worries
▼ + stars: | 2024-10-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks rose 1% and the Dow hit a record as the jobs report alleviated slowdown worries. AdvertisementUS stocks surged about 1% on Friday after the September jobs report soothed fears of an economic slowdown. According to the CME FedWatch Tool, odds of a 50-basis point cut dropped to 0% from 53% last week. Consensus now expects two 25-basis point rate cuts from the Fed at their next two FOMC meetings before year-end. ING's chief economist, James Knightley, said the jobs report was "unambiguously strong."

Persons: —, Dow, Sonu Varghese, Jeffrey Roach, James Knightley, Knightley Organizations: Dow, Service, Federal, Fed, Financial Locations: Here's

☆ Stephen Roach: China's explosive rally ignores risk of 'Japanese-like quagmire'
▼ + stars: | 2024-10-02 | 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 EmailStephen Roach: China's explosive rally ignores risk of 'Japanese-like quagmire'Stephen Roach, Former Morgan Stanley Asia chairman, joins 'Fast Money' to warn investors not to get swept up in the China rally.

Persons: Stephen Roach, quagmire, Morgan Stanley Locations: China

☆ Yale's Stephen Roach discusses U.S. policy on China, markets, economy
▼ + stars: | 2024-10-02 | 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 EmailStephen Roach: Markets in danger of being whipsawed with geopolitical conflict, rising unemploymentStephen Roach, senior fellow at Yale Law School's Paul Tsai China Center, says "if we're going to have regional conflict in the Middle East, which certainly appears to be the case, occurring in a time of rising unemployment in the United States, the markets really will not know where to turn."

Persons: Stephen Roach, Yale Law School's Paul Tsai Organizations: Yale Law, Yale Law School's Paul Tsai China Center Locations: United States

☆ Yale's Stephen Roach: Markets are in danger of being 'whipsawed' by Middle East conflict, U.S. unemployment
▼ + stars: | 2024-10-02 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

Ilia Yefimovich/dpa | Picture Alliance | Getty ImagesMarkets are in danger of being "whipsawed" by the combination of regional conflict in the Middle East and rising unemployment in the United States, says Stephen Roach, senior fellow at Yale Law School's Paul Tsai China Center. Most Asian markets fell on Wednesday, tracking losses on Wall Street overnight, as investors fretted over rising tensions in the Middle East. A higher-than-expected unemployment rate could prompt the Fed to accelerate the easing cycle to achieve a soft landing. The unemployment rate in September is expected to come in at 4.2%, according to data of a Reuters poll on LSEG, unchanged from the August figure. The unemployment rate had jumped to near a three-year high of 4.3% in July, a dramatic rise from the five-decade low of 3.4% in April 2023.watch now

Persons: Ilia Yefimovich, Stephen Roach, Yale Law School's Paul Tsai, Hassan Nasrallah, Roach, CNBC's, Stephen Stanley, Kelvin Tay Organizations: Missiles, Getty, Yale Law, Yale Law School's Paul Tsai China Center, Wall, Israel Defense Forces, Santander, Organization of, Petroleum, Energy Information Administration, UBS Global Wealth Management, U.S . Federal Reserve, Traders, U.S, U.S . Federal Locations: Israel, Tel Aviv, Iran, United States, Iranian, Lebanon, U.S .

☆ 2 steps China still needs to take to avoid a 'quagmire' of deflation, Yale economist says
▼ + stars: | 2024-10-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

China is at risk of falling into a prolonged period of deflation, Yale economist Stephen Roach says. The country's monetary stimulus blitz was a move in the right direction, Roach said in an FT op-ed. The two missing pieces are fiscal support and structural reform, Roach wrote in a new op-ed for the Financial Times. AdvertisementAccording to Roach, China's projected GDP rate of 4% over the next five years virtually mirrors Tokyo's situation 30 years ago. China now needs to do the same with fiscal stimulus.

Persons: Stephen Roach, Roach, —, China's, Beijing's hesitancy, Paul Krugman, Krugman Organizations: Yale, Service, Financial Times, Communist Party's Locations: China, Beijing, Japan

☆ China's stock surge has echoes of the 2015 bubble. What's different this time
▼ + stars: | 2024-10-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Costfoto | Nurphoto | Getty ImagesBEIJING — The rocket higher in Chinese stocks so far looks different from the market bubble in 2015, analysts said. Major mainland China stock indexes surged by more than 8% Monday, extending a winning streak on the back of stimulus hopes. Stock market leverage by percentage and value were far higher in 2015 than data for Monday showed, according to Wind Information. He added that there are market risks from how unprepared the stock trading system was for the surge of buying. Reports indicate brokerages have been overwhelmed with new requests, echoing how individuals piled into the stock market nearly a decade earlier.

Persons: Aaron Costello, We're, Xi Jinping, Zhu Ning, Stephen Roach, Yale Law School's Paul Tsai, Costello, Peter Alexander, it's, —, Alexander Organizations: Nurphoto, Getty, Cambridge Associates, U.S ., greenback, U.S, CSI, People's Bank of China, Nikkei, Yale Law, Yale Law School's Paul Tsai China Center, Ministry of Finance, Ben Advisors, Shanghai Stock Exchange Locations: Hangzhou, China, BEIJING, Shanghai, Shenzhen, Asia, MSCI, People's Republic of China, Beijing

☆ Abu Dhabi's ADNOC to acquire German chemicals firm Covestro for $16.4 billion
▼ + stars: | 2024-10-01 | by ( April Roach | ) www.cnbc.com time to read: +2 min

Abu Dhabi's state-owned oil firm ADNOC on Tuesday said it has agreed to buy German chemicals firm Covestro for 14.7 billion euros ($16.4 billion). The deal represents an enterprise value of 14.7 billion euros, ADNOC said in a separate statement. "As a global leader and industrial pioneer in chemicals, Covestro brings unmatched expertise in high-tech specialty chemicals and materials, using advanced technologies including AI," said Sultan Ahmed al-Jaber, group CEO and managing director of ADNOC. As part of the deal, ADNOC also signed an investment agreement in which it pledged to provide additional funding by buying 1.17 billion euros worth of new shares of Covestro from a capital increase. Earlier this year the UAE oil giant closed a deal acquiring a 24.9% stake in Austrian chemicals firm OMV.

Persons: Abu Dhabi's, Covestro, ADNOC, Sultan Ahmed al, Jaber, Fertiglobe, Jefferies Organizations: Abu, Abu Dhabi National Oil Company, Bayer Locations: Leverkusen, Germany, ADNOC, Abu Dhabi, London, UAE, Fertiglobe

☆ Rupert Murdoch’s property group REA ends chase to buy Rightmove after multiple rejected offers
▼ + stars: | 2024-09-30 | by ( April Roach | ) www.cnbc.com time to read: +2 min

LONDON — Rupert Murdoch's Australian property firm REA Group said Monday it would no longer seek to buy the U.K.'s Rightmove after the property portal rejected a fourth takeover proposal. "We were disappointed with the limited engagement from Rightmove that impeded our ability to make a firm offer within the timetable available. Rightmove, meanwhile, said Monday in a separate statement that its board unanimously rejected REA Group's fourth offer proposal on the grounds that it "materially undervalued Rightmove and its future prospects." REA Group, in which News Corp owns a more than 61% interest, operates a number of property websites in Australia, as well as several brands in India and the U.S. The company sold its real estate site PropertyFinder Group to Rightmove rival Zoopla in 2009, during the Global Financial Crisis.

Persons: Rupert, REA, Owen Wilson, Rightmove, REA Group's, It's, Andrew Fisher, Zoopla, Karen Gilchrest Organizations: Rightmove, REA, Murdoch's News Corp, Reuters, REA Group, News Corp, U.S Locations: London, Rightmove, Melbourne, Australia, India

☆ Not just China, Trump 2.0 could spell trouble for U.S. allies as he doubles down on tariff talk
▼ + stars: | 2024-09-26 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

Trump has said he would consider new tariffs on imports from the country at rates of 60% or higher. watch nowU.S. allies could become a key target of Trump's "America First" policy that is increasingly grouping European and Asian partners alongside rival China. "We have been treated so badly, mostly by allies ... our allies treat us actually worse than our so-called enemies," Trump said at a rally in Wisconsin earlier this month. Retaliation by other U.S. trade partners — whether that be via reciprocal, retaliatory tariffs, or other non-tariff measures — is a potential consequence of all of this," Marro said. Economist Stephen Roach also told CNBC that Trump's tariffs would hurt America's trade partners while only increasing the costs of goods for American consumers and manufacturers.

Persons: Donald Trump, Brandon Bell, Trump, We're, Nick Marro, William Pesek, CNBC's, Marro, Stephen Weymouth, Stephen Roach, William Reinsch, Scholl Organizations: Johnny Mercer Theatre, Getty, Republican, China, Global Trade, Economist Intelligence, Trump Presidency, Georgetown University, CNBC, Business, Center for Strategic, International Studies Locations: Savannah , Georgia, China, Pennsylvania, Korea, North Carolina, Germany, Georgia, German, American, Wisconsin, Taiwan, U.S, Japan

☆ Stock futures are little changed as traders brace for Fed’s preferred inflation reading: Live updates
▼ + stars: | 2024-09-26 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Stock futures traded near the flatline Thursday night as Wall Street awaits a key inflation reading. Futures tied to the Dow Jones Industrial Average were little changed, as were S&P 500 futures . In the fiscal fourth quarter, the warehouse retailer reported earnings of $5.29 per share on $79.70 billion in fourth-quarter revenue. The so-called PCE is the Federal Reserve's preferred inflation metric, and policymakers and Wall Street alike are hoping for figures that show a cooling trend. The three major indexes are higher for the week, with the S&P 500 up nearly 0.8% and the 30-stock Dow Jones Industrial Average on pace to rise 0.3%.

Persons: LSEG, Jeffrey Roach Organizations: NYSE, Stock, Dow Jones, Nasdaq, Costco Wholesale, Financial, Traders Locations: U.S

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