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The body found Wednesday near the Kentucky highway where a gunman opened fire Sept. 7 has been identified as the suspected shooter, Joseph A. Couch, officials said on Friday. Personal effects and a weapon were found with the body, officials said. Authorities have been searching for Couch, 32, since the shooting spree next to Interstate 75 in Kentucky that left five people seriously injured. The Laurel County Sheriff's Office said 12 vehicles were hit and an estimated 20 to 30 rounds were fired. The woman called dispatchers in Laurel County to report the messages.
Persons: Joseph A . Couch, Andy Beshear, William Ralston, Couch, ” Beshear, ” Ralston, , Phillip Burnett Jr, Joseph Couch, Burnett, Jackie Steele, Fred, Sheila McCoy, McCoys, Couch texted Organizations: Kentucky Gov, state's, Authorities, Kentucky State Police, YouTube, Police, Army Locations: Kentucky, Laurel County, London, Laurel
This is not the first time the Republican presidential nominee has posted a fake image in an effort to bolster his campaign. The Harris campaign declined to comment. The Trump campaign did not immediately respond to a request for comment. In a 2020 X post, Harris praised Combs for a town hall he led on the coronavirus pandemic’s impact on Black communities. Meanwhile, Elon Musk, who endorsed Trump in July, shared a fake Harris ad that uses a manipulated version of the vice president’s voice.
Persons: Sean “ Diddy ” Combs, Donald Trump, Kamala Harris, Combs, Trump, Harris, Montel Williams, Ashley, Taylor Swift, Cassie’s, Jimmy Kimmel, Kimmel, , Walz, Elon Musk Organizations: Republican, Democratic National Convention, Prosecutors, Trump, Microsoft Locations: Chicago
The fight over Wisconsin — considered a must-win for Harris as part of Democrats’ so-called blue wall — could tilt the election. Tim Walz has re-energized staff members in the state, a campaign official told NBC News. With more than 200 staffers statewide, the Harris campaign touts 48 offices across Wisconsin, including some in smaller, more rural areas that Trump won in 2020. But the Trump campaign is mounting its own effort in the state. An RNC official also said the Trump campaign and the Wisconsin GOP have more than 70 staff members and 40 offices across the state.
Persons: Kamala Harris, Harris, Donald Trump —, Wisconsin —, , Tim Walz, Trump, Walz, Gwen Walz, Walz —, Dane County, Sen, JD Vance, it’s, “ Kamala Harris, , Anna Kelly, haven’t, doesn’t bode, ” Kelly Organizations: Trump, Quinnipiac University, Marist College, Wisconsin, Democratic, Minnesota Gov, NBC News, United Auto Workers, Teamsters, Superior, Convention, Republican National Committee, RNC, Wisconsin GOP, University of Wisconsin Locations: MADISON, Wis, Wisconsin, Harris, Quinnipiac’s, Marist’s, Midwest, Superior, Wisconsin’s, Minnesota, Duluth , Minnesota, Milwaukee, Madison, Dane, Dane County, Ohio, Eau Claire
Constellation Energy – Shares surged more than 17% after the company announced plans to restart the Three Mile Island nuclear plant and sell that power to Microsoft to satisfy the energy needs of its data centers. ASML – The semiconductor stock slid 3.4% in the wake of a Morgan Stanley downgrade to equal weight from overweight. Morgan Stanley said the risk-to-reward ratio has been "balancing." Centessa Pharmaceuticals – The biotech stock rose more than 4% after Morgan Stanley upgraded it to overweight from equal weight. Valero Energy – The energy stock declined nearly 3% after a Piper Sandler downgrade to neutral from an overweight rating, citing "less room for outperformance."
Persons: Raj Subramaniam, Elliott Hill, John Danahoe, Eli Lilly's orforglipron, Eli Lilly, Vistra, it's, Donald Trump, Lennar, ASML, Morgan Stanley, Piper Sandler, Buddy Chester, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: FedEx, Nike, Constellation Energy, Microsoft, Novo Nordisk –, Deutsche Bank, Corbus Pharmaceuticals, Novo Nordisk's, Viking Therapeutics, Vision, Trump Media & Technology, Pharmaceuticals, Valero Energy Locations: Novo, Texas
Qualcomm recently approached struggling chipmaker Intel about a takeover, CNBC has confirmed. Intel shares initially popped on the news before closing up about 3%, while Qualcomm shares fell about 3% at the close. Intel shares are down 53% this year as investors express doubts about the company's costly plans to manufacture and design chips. Intel has also missed out on the artificial intelligence boom that's captured the attention of Wall Street. Intel was unsuccessful with its attempted acquisition of Tower Semiconductor, as was Qualcomm in its bid to acquire NXP Semiconductor.
Persons: Patrick Gelsinger, Trump Organizations: Qualcomm, Intel, CNBC, Taiwan Semiconductor Manufacturing Company, Samsung, Nvidia, Tower Semiconductor, NXP Semiconductor, Broadcom, Federal Trade Commission Locations: China, Singapore, Europe, Asia
FedEx earnings miss could signal a slowing economy
  + stars: | 2024-09-20 | by ( Chris Isidore | ) edition.cnn.com   time to read: +3 min
CNN —FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy. “The labor market is in solid condition, and our intention with our policy move today is to keep it there,” Powell said. “You can say that about the whole economy: The US economy is in good shape. The labor market is at a strong pace. Shares of FedEx had been up 21% year-to-date through Thursday’s close before Friday’s decline.
Persons: Rajesh Subramaniam, ” Subramaniam, John Dietrich, Subramaniam, , , we’re, Jerome Powell, ” Powell Organizations: CNN, FedEx, Federal Reserve
That rally may not be sustainable, based on the venerable " Dow Theory ." The century-old Dow Theory looks at the relationship between the Dow Industrials and the Dow Transports , and argues that market trends must be confirmed by both groups. In other words, if the Dow Industrials are going lower, then Transports most also be falling to confirm a prolonged negative run. Right now, investors are presented with the Dow Industrials at all-time highs and Transports barely positive for the year. FDX 5D mountain FDX year to date To be sure, other market trends paint a more positive picture.
Persons: Jonathan Krinsky, Mark Mahaney Organizations: Dow Jones, Dow, Dow Transports, Transports, FedEx, UPS, Tech, Energy, NBA
An unlikely technology billionaire could come out on top in the battle of the world's richest a year from now. That briefly positioned Ellison as the richest person in the world behind Musk and ahead of Bezos. This could boost the ex-CEO's fortune by $27.8 billion to $203.9 billion, placing him less than $3 billion behind Ellison in stock value. That could mean a windfall for CEO Huang's stock fortune, lifting his stake by $27.2 billion to $128.7 billion. Musk's Tesla stake could decline nearly 11% to $89.6 billion from roughly $100.3 billion as of Thursday's close.
Persons: Larry Ellison, Jeff Bezos, Elon Musk, Jensen Huang, Ellison, Larry, Kim Forrest, I'm, Amazon's, Tesla Organizations: Oracle, Nvidia, Bokeh Capital Partners, Federal Reserve Locations: Bezos
By 2017, he decided he had to pivot and elected to give stock trading a try. "You're going to panic-sell at the lows; you're going to panic-buy at the highs. You're going to trade when the stock is zigging and zagging and get chopped up. Related storiesOn a chart, it can often look like a wide space between two candles after the stock's price opens significantly higher than where it was in premarket hours. AdvertisementOn January 19, during pre-market hours, the stock's price spiked, causing a gap up on the opening.
Persons: Christian Flanders, Flanders, Norman Zadeh, it's Organizations: Service, Business, US, IT Solutions Locations: Flanders, he's
An employee does final inspections on a Mercedes-Benz C-Class at the Mercedes-Benz US International factory in Vance, Alabama. Mercedes shares fell more than 8% Friday after becoming the latest carmaker to cut its guidance this year as sluggish demand in China and trade disputes weigh on the sector. Shares pared losses slightly to trade 6.9% lower as of 9:40 a.m. London time. "This affected the overall sales volume in China including sales in the Top-End segment. Overall, the sales mix in the second half of 2024 is expected to remain unchanged versus the first half, and therefore weaker than originally expected," the company said.
Persons: Mercedes Organizations: Benz, Mercedes, Benz US International, Volvo, BMW, Continental Locations: Vance , Alabama, China, London
Germany will not sell any more shares in Commerzbank for the time being and the bank's strategy is "geared towards independence," the nation's finance agency said on Friday. The statement comes days after the Italian bank UniCredit announced it had bought a 9% stake in Commerzbank - from the German government as well as on the open market - and its chief executive said he wanted to explore a merger. The agency announced that at a meeting on Friday it decided it "will not, until further notice, sell any additional shares".
Organizations: UniCredit Locations: Germany, Commerzbank
Meanwhile, Morgan Stanley downgraded PepsiCo to equal weight. 7 a.m.: FedEx could slide more than 30% as 'structural challenges' are here to stay, Morgan Stanley says Morgan Stanley analyst Ravi Shanker downgraded FedEx to underweight from equal weight after the shipping company's earnings came in below expectations. — Pia Singh 6:33 a.m.: E-commerce stock MercadoLibre has more than 18% upside, according to Morgan Stanley Morgan Stanley is bullish on Argentine e-commerce firm MercadoLibre . — Pia Singh 5:49 a.m.: Evercore ISI hikes Amazon price target Evercore ISI is betting big on Amazon's streaming service. — Pia Singh 5:49 a.m.: Morgan Stanley downgrades PepsiCo Don't expect PepsiCo shares to make much headway going forward, according to Morgan Stanley.
Persons: Morgan Stanley, Ravi Shanker, Shanker, — Pia Singh, Morgan Stanley Morgan Stanley, Andrew Ruben, Ruben, Morgan Stanley downgrades ASML, ASML, Lee Simpson, Simpson, Mark Mahaney, Mahaney, Andy Jassy, Dara Mohsenian, OSG, Mohsenian, Fred Imbert Organizations: CNBC, ISI, PepsiCo, FedEx, Semiconductor, Intel, NBA, Amazon Prime, Amazon, Pepsi Locations: FedEx's, Argentine, Argentina, Netherlands, China, Thursday's
Recall, that we initially had a view that competitors like Club name Palo Alto Networks would take advantage of this event to pitch their products. Sure the quarter was good because Palo Alto has a great product and value proposition, but it didn't suggest a massive departure from CrowdStrike. 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, Dow, It's, Eli Lilly, LLY's, Eli Lilly's, isn't, Jim Cramer's, Jim Organizations: CNBC, ., Novo Nordisk, Deutsche Bank, Palo Alto Networks, Palo Alto, Palo, KB, Micron, Jefferies, Costco, Jim Cramer's Charitable Locations: Palo
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel shares climb after reports Qualcomm approached Intel about a takeoverPatrick Moorhead, Moor Insights & Strategy CEO, joins 'Closing Bell Overtime' to talk recent reports that Qualcomm approached Intel about a takeover.
Persons: Patrick Moorhead Organizations: Intel, Qualcomm, Moor
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "When people ask me out here which stock in your portfolio would you buy right now, its DuPont," Jim said, adding that at $82 he would buy shares despite the overall market being overbought. 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, Stocks, Jim, Dupont's, Johnson, Jim Cramer's Organizations: CNBC, Devices, Broadcom, Nvidia, AMD, Evercore ISI, DuPont, FedEx, Nike, PepsiCo, Constellation Energy Locations: AMZN
She told Business Insider that the difference between an au pair and a nanny is in the scope of the role. "Au pairs are allowed to negotiate for more; however, most families pay this because au pairs are afraid to speak up." Related storiesHutchinson's interest in becoming an au pair was sparked by her college dean, who talked fondly of her experiences as an au pair in America two decades earlier. Typically, they would video chat with a potential au pair from afar before hiring one for a 12-month position. She's still waiting on paperwork, but once her au pair time concludes, she plans to pursue a different path.
Persons: , Angel Hutchinson, she's, She's, Hutchinson, ZAR, we've, Hutchinson's, she'd, it's, I've, Lauryn Haas Organizations: Service, Business, State Department, Rockies, VW Jetta, lhaas Locations: Durban, South Africa, Maryland, Puerto Rico, America, Indian, New Jersey, Colorado
Lennar — The homebuilding stock slipped 3% despite beating analysts' expectations for its fiscal third quarter. Trump Media & Technology Group — Shares traded nearly 5% lower as selling restrictions on former President Donald Trump and other early investors ended. PepsiCo — The snacks and beverage stock slipped 1% following a downgrade at Morgan Stanley to equal weight from overweight. ASML — Shares slipped 2% after Morgan Stanley downgraded the semiconductor manufacturer to equal weight from overweight. Aptiv — Shares of the automobile technology supplier rose more than 1% after an upgrade to overweight from equal weight at Wells Fargo.
Persons: John Donahue, Elliott Hill, Lennar, LSEG, Donald Trump, MillerKnoll, Tesla, Morgan Stanley, Lee Simpson, Piper Sandler, Chewy, Buddy Chester, CNBC's Michelle Fox, Sarah Min, Jesse Pound, Samantha Subin Organizations: Nike —, FedEx —, Trump Media & Technology, , Constellation Energy, Microsoft, — Auto, Mercedes, General Motors, PepsiCo, Contessa Pharmaceuticals, Valero Energy Locations: China, Wells Fargo
Centessa Pharmaceuticals could be at the forefront of a leading narcolepsy treatment that can send its shares soaring, according to Morgan Stanley. One of the company's drugs is ORX750 for the treatment of sleep-wake disorders, including narcolepsy type 1 and 2, or NT1 and NT2. Additionally, Centessa is developing ORX142 for the treatment of excessive daytime sleepiness, or EDS, in certain neurological, neurodegenerative and psychiatric disorders. The drug is designed to increase wakefulness, reduce cataplexy and potentially be a novel treatment for narcolepsy type 1. Given the firm's view of ORX750 as a now de-risked mechanism for treating narcolepsy, Hung modeled a higher peak market share for the treatment in NT1 by 2036.
Persons: Morgan Stanley, Jeffrey Hung, narcolepsy, Hung Organizations: Pharmaceuticals, IH, EDS Locations: NT1, NT2
Lot of alpha opportunities under the hood in China A-shares: GS
  + stars: | 2024-09-20 | 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 EmailPlenty of alpha opportunities under the hood; stay invested in China A-shares: Goldman SachsTimothy Moe of Goldman Sachs highlights short-term opportunities in H-shares and long-term potential in A-shares as China’s structural transformation takes shape, but advises a selective approach within these markets.
Persons: Goldman Sachs Timothy Moe, Goldman Sachs Locations: China
AdvertisementDavis shared how he's grown his net worth — and why he thinks finding one's dream work can help them live their ideal life. For example, if a person retires at age 60 — rather than age 50 — then it would be much easier for them to hit their retirement savings goal. That's why Davis thinks the key is finding one's dream work. "You just need enough money to cover any shortfall between what you want to spend and what your dream work pays," he said. To be sure, finding a job — forget about one's dream job — is easier said than done in today's economy.
Persons: , he'd, Brian Davis, Davis —, he's, Davis, — Davis, Brian Davis Davis, Katie, it's, they've, hasn't, That's Organizations: Service, FIRE, Business, BI Locations: Abu Dhabi, Brazil, Lima, Peru, South America
Constellation Energy plans to restart the Three Mile Island nuclear plant , with operations slated to resume in 2028 subject to approval by the Nuclear Regulatory Commission. It demonstrates the growing financial opportunity that nuclear power represents for utilities and their investors. VST YTD mountain Vistra shares, YTD The power company, headquartered outside Dallas, is viewed as one of the lead contenders to ink a data center nuclear deal next. "Vistra's timely acquisition of nuclear portfolio Energy Harbor in 2023 gives the company a coveted nuclear portfolio," the analysts said. Burke specifically called out Comanche Peak, a twin reactor nuclear plant with 2.4 gigawatts of capacity outside Forth Worth, Texas.
Persons: Vistra, Shahriar Pourreza, Jefferies, Julien Dumoulin, Smith, Jim Burke, Burke, John Ketchum, Duane Arnold, Ketchum, NextEra, Robert Blue Organizations: U.S, Constellation Energy, Nuclear Regulatory Commission, Microsoft, Vistra Corp, Nvidia, Energy, Guggenheim Securities, Wall Street, Jefferies, NextEra Energy, Dominion Energy, Dominion Locations: Dallas, Ohio, Pennsylvania, Energy Harbor, Forth Worth , Texas, Iowa, FactSet, Waterford , Connecticut
Republican presidential nominee and former U.S. President Donald Trump looks on during a rally at Nassau Veterans Memorial Coliseum, in Uniondale, New York, U.S., September 18, 2024. Shares of Trump Media sank more than 7% Friday morning, hitting a new 52-week low one day after "lockup" restrictions expired, which had previously prevented its majority shareholder, former President Donald Trump, and other early investors from selling their shares. The lockup agreement first took effect when Trump Media went public in March, following a merger with a blank-check firm. The company has acknowledged in regulatory filings that the end of the lockup could spur large sales of the company's stock, which trades under the ticker "DJT." But even if insiders weren't the ones selling, the company has said that a perception by the markets that a sell-off was underway might drive down DJT's stock price.
Persons: Donald Trump, , Kevin Breuninger Organizations: Nassau Veterans Memorial Coliseum, Trump Media, Securities and Exchange Commission Locations: Uniondale , New York, U.S
But that means investors once again exposed to risks of a tech bubble inflating anew. Hartnett says investors should allocate to bonds and gold to hedge bubble risk. But it means investors will have to chase the stock market surge as bubble risks bounce back, he added. AdvertisementHartnett has previously warned of the potential for a tech bubble as investment in AI has soared. Amid further AI investment and easing policy, Hartnett says the best way to position portfolios is with allocations to bonds and gold, which hedge against growth and inflation risks.
Persons: BofA's Michael Hartnett, Hartnett, , Michael Hartnett Organizations: Service, Federal Reserve, Bank of America, Nvidia, Broadcom, ASML, Meta, Treasury
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't see an unwinding in Yuan carry trade, 'worst is possibly over' for its offshore currencyChidu Narayanan of Wells Fargo Securities shares three reasons why he does not see the Yuan carry trade unwinding and says that USD/JPY will remain "rangebound" around 139-145 in the near term.
Persons: Yuan, Narayanan Organizations: Wells Fargo Securities Locations: Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBill Gates on AI, success and misinformationBill Gates shares how he defines success, what the No. 1 unsolvable problem is facing today's young people and compares developing software in the '70s to developing AI tools today.
Persons: Bill Gates, Gates
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