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☆ Japan exports rise more than expected in October, rebounding from 43-month low
▼ + stars: | 2024-11-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan's exports posted a 3.1% rise in October compared to a year ago, rebounding from a fall in September that marked a 43-month low. The climb beat expectations of a 2.2% rise from economists polled by Reuters, and is a reversal from the 1.7% fall in September. Government data showed that Japanese exports increased the most to the Middle East region, recording a 35.4% rise, compared to the same period a year ago. He added: "Any escalation of tensions between the U.S. and China on tariffs and trade is likely to weigh upon global trade and global growth. Japan, as an open and cyclical economy, will be impacted by any deterioration in global trade and the global economy."

Persons: September's, Daniel Hurley, Rowe Price, Donald Trump's Organizations: Reuters, U.S, Trump Locations: Yokohama, Japan, East, China

☆ Waymo opens robotaxis to anyone in Los Angeles, marking its largest expansion yet
▼ + stars: | 2024-11-12 | by ( Jennifer Elias | Jennifer Covers Google Parent Company Alphabet Inc. | Silicon Valley Culture For Cnbc.Com In San Francisco. | ) www.nbcnews.com time to read: +2 min

Alphabet-owned Waymo is removing the waitlist for its self-driving service in Los Angeles, marking its largest expansion yet. With more than 3.8 million people, LA marks the third and largest city where the company’s robotaxi service is now fully available. “Now is an exciting time to welcome everyone in Los Angeles along for the ride,” Tekedra Mawakana, co-CEO of Waymo, said in a news release Tuesday. Waymo closed a $5.6 billion funding round in October to expand its robotaxi service across the U.S. Waymo in September announced that it partnered with Uber to launch its robotaxi service in Austin, Texas, in 2025.

Persons: Tekedra Mawakana, ”, Waymo, Andreessen Horowitz, Perry, Rowe Price, That’s, Uber, ” Waymo Organizations: U.S, Google, Fidelity, Tiger Global, Hyundai Locations: Los Angeles, LA, Los Angeles County, San Francisco, Phoenix, Waymo, Silver, Austin , Texas, Korean

☆ Waymo opens robotaxi service to anyone in Los Angeles, marking its largest expansion yet
▼ + stars: | 2024-11-12 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Alphabet -owned Waymo is removing the waitlist for its self-driving service in Los Angeles, marking its largest expansion yet. With more than 3.8 million people, LA marks the third and largest city where the company's robotaxi service is now fully available. "Now is an exciting time to welcome everyone in Los Angeles along for the ride," Tekedra Mawakana, co-CEO of Waymo, said in a news release Tuesday. Waymo closed a $5.6 billion funding round in October to expand its robotaxi service across the U.S. Waymo in September announced that it partnered with Uber to launch its robotaxi service in Austin, Texas, in 2025.

Persons: Waymo, Andreessen Horowitz, Perry, Rowe Price, That's, Uber Organizations: U.S, Google, Fidelity, Tiger Global, Hyundai Locations: Los Angeles, LA, Los Angeles County, San Francisco, Phoenix, Waymo, Silver, Austin , Texas, Korean

☆ Top tech fund manager at T. Rowe Price gives his best postelection picks from here
▼ + stars: | 2024-11-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

A top technology fund manager is laying out his favorite names in the sector going forward. "It's an exciting time where we're seeing productivity really get enhanced, and perhaps this being a really big industrial economic productivity increaser," Tony Wang, portfolio manager of T. Rowe Price's science and technology equity strategy, told CNBC's " Squawk Box " on Monday. Now, Wang believes the tide is shifting in favor of software companies and app developers launching and integrating AI products. Applovin surged 77%, scoring its best week on record, following a strong earnings report . "Technology trends are often on an exponential adoption curve, and a lot of times the market … underestimates these tech transitions."

Persons: Tony Wang, Rowe, CNBC's, Wang, Applovin Organizations: Nvidia, Wang, Marvell Technology Locations: ChatGPT, allocator

☆ T. Rowe Price's Tony Wang on what to buy in Big Tech
▼ + stars: | 2024-11-11 | 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 EmailT. Rowe Price's Tony Wang on what to buy in Big TechTony Wang, T. Rowe Price portfolio manager, joins 'Squawk Box' to discuss the state of the tech sector, performance of AI stocks, what to buy in Big Tech, and more.

Persons: Rowe, Tony Wang, Big Tech Tony Wang, Rowe Price Organizations: Big Tech

☆ 'Animal spirits': 7 market strategists share how to ride the red wave as US stocks surge to new records
▼ + stars: | 2024-11-10 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Here are eight top places to invest, based on insights from seven market strategists. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A robust, multi-year bull market rally for US stocks reached another gear after the businessman-turned-politician won the presidential election. Traders are convinced that the bulk of Trump's economic policies, which include tax cuts and fewer government regulations, will create a business-friendly backdrop that drives stocks higher. AdvertisementThe world is awash with cash, making scarce assets like gold and bitcoin more valuable, and Thorne also noted that global economic growth is slowing.

Persons: Donald Trump's, —, Donald Trump, David Bahnsen, Kamala Harris, Jeff Schulze, John Maynard Keynes, Anthony Saglimbene, Keynes, Schulze, Saglimbene, Jim Baird, Plante, Sébastien, Rowe Price, Page, Sean Gallagher, Gallagher, Ameriprise, Bahnsen, Jim Thorne, who's, Thorne, Trump Organizations: Investors, Service, Business, Street Global Advisors, ClearBridge Investments, Trump, Financial, Tech, Federal Trade Commission Locations: Trump's, ClearBridge, Canada, Wellington, Altus

☆ Markets are pricing in deregulation, lower taxes and inflation: T. Rowe Price's Sebastien Page
▼ + stars: | 2024-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets are pricing in deregulation, lower taxes and inflation: T. Rowe Price's Sebastien PageSebastien Page, T. Rowe Price head of global multi-asset and CIO, joins 'Squawk Box' to discuss the latest market trends, impact of President-elect Trump's election victory, and more.

Persons: Rowe Price's Sebastien Page Sebastien Page, Rowe Price, Trump's

☆ Cramer's Lightning Round: Vertex Pharmaceuticals is a buy
▼ + stars: | 2024-10-30 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Vertex Pharmaceuticals : "This company is doing the lord's work...I think it should be bought." CME Group : "It is one of the most consistent, great companies...It is a strong buy." T. Rowe Price Group : "I think it's such a great company...I want to buy the stock." Micron : "Enough with the selling of MU."

Persons: Rowe Price Organizations: Vertex Pharmaceuticals, Micron, MU

☆ Lightning Round: CME is a strong buy, says Jim Cramer
▼ + stars: | 2024-10-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: CME is a strong buy, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Vertex, CME, T. Rowe Price, and Micron.

Persons: Jim Cramer, Rowe Price Organizations: Micron

☆ U.S. economy is not slowing, T. Rowe Price says
▼ + stars: | 2024-10-29 | 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 EmailU.S. economy is not slowing, T. Rowe Price saysSebastien Page, CIO & head of global multi-asset T. Rowe Price, discusses the U.S. economic outlook ahead of the country's elections.

Persons: Rowe Price, Sebastien Page Organizations: U.S

☆ T. Rowe Price's Tony Wang talks what to look for from next week's Big Tech earnings
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailT. Rowe Price's Tony Wang talks what to look for from next week's Big Tech earningsTony Wang, T. Rowe Price portfolio manager, joins 'Closing Bell Overtime' to talk what to expect from next week's slate of earnings.

Persons: Rowe, Tony Wang, Rowe Price Organizations: Big Tech

☆ Alphabet's self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S.
▼ + stars: | 2024-10-25 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Waymo has closed a $5.6 billion funding round to expand its robotaxi service in and beyond Los Angeles, San Francisco and Phoenix, where it operates today. In a statement to CNBC, Waymo co-CEOs Tekedra Mawakana and Dmitri Dolgov said the funding would go toward expansion and advancing the Waymo Driver for business applications. The series C funding brings Waymo's total capital raised to $11.1 billion after it raised $3.2 billion and $2.5 billion in two earlier rounds. Waymo now conducts more than 100,000 weekly trips for passengers in Los Angeles, Phoenix and San Francisco, who can hail their robotaxis via the Waymo One app. More recently, Waymo partnered with Uber to launch its robotaxi service in Austin, Texas — home of would-be rival Tesla's headquarters.

Persons: Waymo, Andreessen Horowitz, Perry, Rowe Price, Tekedra Mawakana, Dmitri Dolgov, Uber, Ruth Porat, Elon Musk, Tesla, Timothy B, Lee . Organizations: Google, Fidelity, Tiger Global, CNBC, Tesla's, GM, Cruise, Pew Research Center, Hyundai Locations: Los Angeles, San Francisco, Phoenix, Waymo, Silver, Austin, Atlanta, U.S, Austin , Texas, Texas, California, Korean, New York, Michigan

☆ T. Rowe Price's Sebastien Page bullish case for international small caps
▼ + stars: | 2024-10-10 | 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 EmailT. Rowe Price's Sebastien Page bullish case for international small capsSebastien Page, T. Rowe Price, joins 'Closing Bell' to discuss adding risk and makes the bullish case for international small caps.

Persons: Rowe Price's Sebastien Page, Sebastien Page, Rowe Price

☆ AI could be biggest productivity enhancer since electricity, says T. Rowe Price's Dom Rizzo
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI could be biggest productivity enhancer since electricity, says T. Rowe Price's Dom RizzoDom Rizzo, T. Rowe Price Portfolio Manager, joins 'Closing Bell Overtime' to talk the AI boom and the Tech sector's recent market performance.

Persons: Rowe Price's Dom Rizzo Dom Rizzo, Rowe Price Organizations: Tech

☆ This one-time food stock is struggling now. How to trade it from here with options
▼ + stars: | 2024-10-03 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Conagra Brands' stock fell sharply this week after the packaged-food company reported quarterly earnings that fell well short of analysts' expectations. We'll discuss how to play it with options if this company is caught in a longer-term decline. For the fiscal first quarter ending August 25, Conagra posted an adjusted eps of 53 cents a share, missing estimates. However, the most significant institutional options trades weren't betting on considerable upside. CAG YTD mountain Conagra, YTD Conagra traded eight times the average daily options volume, with puts outpacing calls.

Persons: Conagra, YTD Conagra, Seinfeld, we'll, T Rowe Price Organizations: Brands, CNBC, NBC UNIVERSAL

☆ Rates won't fall back to pre-pandemic levels as geopolitical conflict and supply chain issues create problems for world economies, BofA exec says
▼ + stars: | 2024-10-02 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

That's led the market to assume rates will fall to pre-pandemic lows, BofA's Bernard Mensah says. Yet, inflationary risks will likely keep rates elevated, Mensah says. Before the pandemic, in the decade following the Great Financial Crisis, interest rates remained at historical lows. Despite the Fed's apparent confidence that pricing pressures have eased, Mensah says a variety of inflationary risks will keep interest rates higher. Other analysts have also pointed to inflation risks from geopolitical conflicts.

Persons: That's, BofA's Bernard Mensah, Mensah, —, Bank of America's Bernard Mensah, Rowe Price, Tomasz Wieladek Organizations: Fed, Service, Federal Reserve, Bank of America's, Bloomberg Locations: US, China, England, Switzerland, Sweden, Canada, Mexico

☆ Dividend-paying stocks are more compelling after rate cut, says T. Rowe Price CIO John Linehan
▼ + stars: | 2024-09-19 | 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 EmailDividend-paying stocks are more compelling after rate cut, says T. Rowe Price CIO John LinehanJohn Linehan, T. Rowe Price chief investment officer of equity, joins CNBC's 'Squawk on the Street' to discuss how the economy is responding to the Fed's rate cut, stocks he is keeping an eye on, and more.

Persons: Rowe Price, John Linehan John Linehan

☆ Oracle is emerging as a fourth cloud player, says T. Rowe Price's Tony Wang
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOracle is emerging as a fourth cloud player, says T. Rowe Price's Tony WangTony Wang, T. Rowe Price portfolio manager, joins 'Closing Bell Overtime' to talk the hardware trade versus the software trade.

Persons: Rowe, Tony Wang Tony Wang, Rowe Price Organizations: Oracle

☆ Why the global fight against inflation is nowhere near over
▼ + stars: | 2024-09-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

"Everyone seems to believe that inflation will return to its boring old normal," said Chief European economist Tomasz Wieladek. Changes in central bank policy, expectations, labor markets, and globalization mean that inflation will likely stay volatile going forward." Depending on circumstances, this could set the scene for another large inflation target miss." For instance, JPMorgan chief Jamie Dimon has repeated warnings of a pricey future, as global militarization and the green transition stoke inflation. "While AI will likely have a disinflationary effect in the medium term, the associated energy consumption could contribute to higher short-term inflation."

Persons: —, Rowe Price, Tomasz Wieladek, Wieladek, Jamie Dimon, Donald Trump Organizations: Service, Financial Times, Business, JPMorgan Locations: Europe

☆ Moving out of cash? These are the top-performing fixed income funds so far this year
▼ + stars: | 2024-08-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

Get out of cash — that's what many on Wall Street have been saying since expectations of rate cuts started rising earlier this year. They're now doubling down on that call, with the U.S. Federal Reserve signaling that it would finally cut rates in September. That would make cash rates less attractive than other parts of fixed income. "An easier tack from the central bank is likely to buoy risk markets like high yield fixed income and other spread product, including structured products, investment grade corporates and emerging market debt," said Robert Tipp, chief investment strategist and head of global bonds at PGIM Fixed Income. For investors looking for ideas, here are the top-performing global fixed income funds covered by Morningstar.

Persons: They're, Rick Rieder, Robert Tipp, Tim Murray, Price Organizations: U.S . Federal Reserve, Morningstar

While most of TIAA’s clients are current or retired workers at nonprofit organizations, TIAA also offers individual retirement accounts to investors online. They didn’t own enough in-house TIAA products, according to the complaint and a recording of Parkin’s presentation. But in two asset classes, the tool’s recommendations are limited to TIAA products, according to the complaint and internal documents. Morningstar selects asset classes and investments for the TIAA tool from those chosen by a retirement plan fiduciary, it said. Paras Griffin / Getty Images fileThe recent push to increase client usage of TIAA’s advice tool appears to be succeeding.

Persons: Ted Fitzpatrick, Fitzpatrick, TIAA, “, ” Fitzpatrick, ’, Chris Tobe, Craig Parkin, Rajotte, ”, Yale, Craig Warga, TIAA hasn’t, Ted Siedle, “ TIAA, ” Siedle, TIAA’s Parkin, Parkin, Thasunda Brown Duckett, “ Thasunda, ” Parkin, ” TIAA, Adriana Macias, Morningstar, Duckett, Rowe Price, TIAA’s, Paras Griffin, it’s, Steers, ‘ Organizations: SEC, New, Cornell University, University of North Carolina System, TIAA, Vanguard, Fidelity, Systems, Yale, Yale University, Bloomberg, Getty, Brown University and Harvard, NBC News, NBC, Morningstar Investment Management, of, Morningstar, “ Morningstar Investment Management, Bank of New York Mellon, Equitable Holdings, Cohen, Steers, & $ Locations: Milwaukee, TIAA, New York, New Haven, Conn, Chicago, Atlanta

☆ AI spending is in the crosshairs in a 'make-or-break' week that determines where Big Tech heads next
▼ + stars: | 2024-07-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The Roundhill Magnificent Seven ETF (MAGS) currently sits 11% off its highs. MAGS YTD mountain Magnificent Seven ETF performance This backdrop sets the tone for a "make or break week" coinciding with the Federal Reserve's July rate decision Wednesday, according to Wolfe Research's Chris Senyek. Now, more than 18 months after the launch of groundbreaking ChatGPT, Wall Street wants results. Some Wall Street analysts believe strong quarterly results may not be enough to reverse the pullback in tech shares. "My gut is that the tech earnings are going to come in better than people expect."

Persons: Morgan, Roundhill, Wolfe, Chris Senyek, Jay Woods, Sundar Pichai, Deutsche Bank's David Folkerts, Baird's Ted Mortonson, Senyek, Rowe Price, Dominic Rizzo, CNBC's Organizations: Nasdaq, Federal, Microsoft, Meta, Apple, Freedom Capital, Deutsche, Tech, Fed, Trump

☆ Small is the star of the market rotation, but value is better, says T. Rowe's Sebastien Page
▼ + stars: | 2024-07-29 | 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 EmailSmall is the star of the market rotation, but value is better, says T. Rowe's Sebastien PageSebastien Page, T. Rowe Price, joins 'Closing Bell' to discuss the trading day and the market rotation.

Persons: Rowe's Sebastien Page Sebastien Page, Rowe Price

☆ Expecting a tough earnings season for Meta, says T.Rowe Price's Dominic Rizzo
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpecting a tough earnings season for Meta, says T.Rowe Price's Dominic RizzoDominic Rizzo, T. Rowe Price portfolio manager, joins 'Closing Bell Overtime' to talk tech earnings and what to expect from them this week.

Persons: T.Rowe Price's Dominic Rizzo Dominic Rizzo, Rowe Price Organizations: Meta

AdvertisementSpeed and ease — that's how generative AI is changing the game for finance professionals. In a survey of 780 banking and capital-markets employees by Accenture Research, 62% of respondents expect generative AI to increase people's stress and burnout. "Employees with AI skills will replace people without AI skills," Andrew Chin, the chief AI officer at the $759 billion money manager AllianceBernstein, told BI. AdvertisementA data scientist at a midsize hedge fund told BI that generative AI models are a "superpower for coders." The firm's ultimate aim is to use generative AI to replicate the success of its best bankers for all advisors.

Persons: Christina Melas, Rowe Price's Sébastien, Eric Burl, Alyssa Powell, Thomas H, Lee, Keri Smith, Smith, Ken Griffin, They've, Goldman Sachs, Marco Argenti, Argenti, It's, I've, drudge, Andrew Chin, AllianceBernstein, Lisa Donahue, Donahue, Jobs, who's, He's, he'd, ChatGPT, Accenture's Smith Organizations: Bain Capital Ventures, Management, Business, Bain Capital, Man Group, Accenture Research, Finance, Wall Street, Blackstone, Sigma, Citadel, Milken Institute Global Conference, Excel, Accenture, Northern Trust, Citibank, Citi, JPMorgan Locations: New York City, New York

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