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☆ As retailers enter the holiday shopping season, the winners are pulling away from the pack
▼ + stars: | 2024-11-29 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Target , Kohl's and Best Buy each reported disappointing third-quarter results as early holiday deals fell short of meaningfully boosting their businesses. Choosy consumers have made the gulf between successful and struggling retailers even more stark heading into the holiday shopping season, said Neil Saunders, managing director of GlobalData Retail. That's a smaller year-over-year increase than the 3.9% jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Dick's and Abercrombie both hiked their full-year outlooks this week and said they expect a strong holiday shopping season. Kohl's warned it will have a deeper-than-expected drop in sales and announced a change in CEO ahead of the crucial shopping season.

Persons: Victor J, Fitch, Neil Saunders, Abercrombie, Scott Lipesky, Erik Nordstrom, Wall, John David Rainey, Rainey, Rick Gomez, Taylor Swift Organizations: Blue, Bloomberg, Getty, Walmart, Dick's Sporting Goods, Abercrombie, GlobalData, National Retail Federation, Nordstrom, CNBC, Target Locations: Clifton , New Jersey, U.S

☆ Photos show Taylor Swift fans lining up for 'The Eras Tour Book' at Target on Black Friday
▼ + stars: | 2024-11-29 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +2 min

AdvertisementTaylor Swift's "The Eras Tour Book" was released exclusively at Target on Black Friday. Shoppers lined up outside Target stores to buy the book and other Taylor Swift merchandise. Taylor Swift fans lined up to purchase "The Eras Tour Book," a behind-the-scenes look at the singer's blockbuster tour that was released exclusively at Target on Black Friday. Advertisement"The Eras Tour Book" by Taylor Swift. AdvertisementBlack Friday shoppers purchasing Taylor Swift's "The Eras Tour Book" at Target.

Persons: Taylor, Swift, Taylor Swift, Dave Kotinsky, Swifties, Target's Organizations: Target, Shoppers, Taylor Swift Publications, Street Journal, Poets Department Locations: Glendale , Arizona, Vancouver

☆ 15 up-and-coming AI-powered fintech startups, according to top VCs
▼ + stars: | 2024-11-29 | by ( Bianca Chan | Michelle Abrego | ) www.businessinsider.com time to read: +1 min

AdvertisementBusiness Insider asked 27 venture-capital investors to nominate the most promising fintechs. Here are the top 15 AI fintechs, according to VCs. Earlier this year, Business Insider asked dozens of VCs to identify the most promising fintechs to watch. Indeed, it is difficult to point to one area of finance where AI startups aren't threatening to change the way people bank, invest, save, and work. Here are 15 of the most promising AI fintechs to watch, according to top VCs.

Persons: fintechs Organizations: Wall, Business

☆ Stocks Resume Post-Election Rise
▼ + stars: | 2024-11-29 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: +1 min

He linked the tariffs to what he said was the need to curb the inflow of drugs and undocumented immigrants. The S&P 500 rose 0.6 percent on Friday, closing at a new high of 6,032.38, at 1 p.m., after a day off for the Thanksgiving holiday. It was the last trading day of November, and the index rose 5.7 percent for the month, according to FactSet. That continued a surge that began even before the election, when Wall Street began to predict that Mr. Trump would win. His proposals for cutting taxes and easing the regulatory burden on businesses have been greeted with enthusiasm in the markets.

Persons: Donald J, Trump’s, Trump, — Organizations: Wall Locations: Canada, Mexico, China

☆ Ditch all the negativity: Here's what can go right to lift each of our 34 stocks
▼ + stars: | 2024-11-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +20 min

To counter that, Jim Cramer has said investors should not lose sight of what can go right for their stocks. Smooth chip updates: AMD needs to successfully carry out its annual release cycle for AI chips. That needs to be sustained to justify Meta's heavy spending on AI chips. Nevertheless, correcting this dynamic should translate into faster revenue growth rates. Palo Alto Networks Bigger deals: Cybersecurity is a secular growth market: As the number of bad actors grows, companies can't afford to not invest in defense.

Persons: Jim Cramer, Abbott, Donald Trump, Trump, Joe Biden, Eaton, Eli Lilly, Eli Lilly's GLP, Lilly, Hurricanes Helene, Milton, Elliott Management's, Elliott, Jim, Linde, Morgan Stanley Lower, Morgan, Biden, –, Jensen Huang, Palo, Stanley Black, Brian Niccol's, Wells, Jim Cramer's, Timothy A, Clary Organizations: Abbott, Devices, Microsoft, AMD, Nvidia, Justice Department, Services, Trump, Apple, Apple Intelligence, Federal, Bristol Myers Squibb, Bristol Myers, Broadcom, Constellation Brands, Modelo, Costco, U.S, Netflix, Coterra Energy, LNG, DuPont, GE Healthcare, GE, Hurricanes, Honeywell Business, Honeywell, Linde, Meta, Facebook, Federal Reserve, GOP, Nvidia's, Industry, Palo Alto, Decker, Starbucks, Walt Disney Parks, TJX, Jim Cramer's Charitable Trust, CNBC, Traders, New York Stock Exchange, Getty Locations: U.S, BlackRock, Corona, China, Dover, –, New York City

☆ US economy could face higher inflation and slower growth when Trump takes office, 'Dr. Doom' economist Nouriel Roubini says
▼ + stars: | 2024-11-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementNouriel Roubini thinks higher inflation and slower growth are coming on the back of Trump's policies. "Some of the economic policies may lead to higher economic growth," Roubini said, pointing to Trump's push to loosen regulation and slash the corporate tax rate. "But unfortunately, many of the other policies have the implication of higher inflation and lower economic growth." AdvertisementOther forecasters have also warned of the potential for higher inflation in Trump's second term. Trump, though, has repeatedly disputed the idea that his policies are inflationary and said he would lower prices for Americans.

Persons: Roubini, Roubini —, Doom, —, Trump, Taylor Rogers Organizations: Bloomberg, Social Security, Committee, Federal, Deutsche Bank, Trump, White, Republican National Committee Locations: stoke, Mexico, Canada, China

☆ Trump’s wealthy Cabinet picks will have to divest. But the rules make that a potentially lucrative prospect
▼ + stars: | 2024-11-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

Federal ethics laws require those senior government jobs in the Cabinet and beyond to divest their individual stock holdings, lest anyone be tempted to abuse their position of power to juice their personal investments. “The rule of thumb is, recuse or divest,” said Jordan Libowitz, vice president for communications at Citizens for Responsibility and Ethics in Washington, or CREW. “The more complex your assets are, the harder it can be to divest from them. Although the president isn’t subject to conflict of interest laws, most presidents have adhered to them anyway to avoid any appearance of impropriety. Given Trump’s own disregard for ethics rules, it’s not clear how, or even whether, his Justice Department would enforce the criminal conflict of interest laws that his Cabinet picks are subject to.

Persons: who’s, Nixon, Donald Trump, Howard Lutnick, Linda McMahon, —, ”, Jordan Libowitz, Scott Bessent, haven’t, Bloomberg —, Lutnick, Cantor Fitzgerald, Newmark, it’s, ” Robert Rizzi, isn’t, Trump, disentangle, Rizzi, ” Rizzi, John Paulson, you’re, ” Libowitz, George W, Hank Paulson, Goldman Sachs, he’d, JD Vance, he’s, Libowitz, “, ’ ”, didn’t Organizations: New, New York CNN, Treasury Department, titans, Citizens, Forbes, Bloomberg, Government, Key Square Capital Management, Holland, Knight, Treasury, Bush’s, Wall, Trump Media, Technology, Department, FBI, Trump Locations: New York, Washington, Cantor’s, Washington ,

☆ Asia markets set to open mixed after Wall Street rally stalls; Bank of Korea rate decision in focus
▼ + stars: | 2024-11-28 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Asia-Pacific markets were poised to open mixed after Wall Street rally stalled overnight even as inflation data came in line with expectations. The U.S. personal consumption expenditure price index, or PCE, rose 2.3% on an annualized basis, accelerating from 2.1% in September. The Bank of Korea is expected to hold its benchmark rate unchanged at 3.25% when its monetary policy committee meets later in the day, according to a Reuters poll of economists. Hong Kong's Hang Seng index futures were at 19,618, higher than the HSI's last close of 19,603.13.

Organizations: Wall, Reuters, Bank of, Nikkei Locations: Seoul, Asia, Pacific, Bank of Korea, Chicago, Osaka

☆ See the Chinese cargo ship suspected of sabotaging critical undersea cables between 4 NATO countries
▼ + stars: | 2024-11-28 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

A timeline of eventsThe Chinese bulk carrier Yi Peng 3 is anchored near Denmark amid an investigation. Ritzau Scanpix/Mikkel Berg Pedersen via ReutersOn November 15, Yi Peng 3 departed from Russia's Ust-Luga port on the Baltic Sea carrying Russian fertilizer. The Ust-Luga port is the largest universal port on the Baltic Sea and the Kremlin's second-largest port after Novorossiysk on the Black Sea. Since Sweden and Finland joined the alliance, the Baltic Sea has been referred to as "NATO lake" because it is almost entirely populated by alliance members. Two days later, investigators established that the Chinese vessel dropped its anchor around 9 p.m. local time, The Wall Street Journal reported Wednesday.

Persons: Yi Peng, Ritzau Scanpix, Mikkel Berg Pedersen Organizations: Reuters, NATO, Street, Investigators, Danish Locations: Denmark, Russia's Ust, Novorossiysk, Sweden, Finland, Baltic, Lithuania, Germany, Kattegat

☆ DOGE: How far could Elon Musk and Vivek Ramaswamy go to cut federal regulations?
▼ + stars: | 2024-11-28 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

CNN —Elon Musk and Vivek Ramaswamy intend to lean on two recent Supreme Court rulings that they argue will make it easier to tear up a multitude of federal regulations. However, multiple legal and regulatory experts told CNN that Musk and Ramaswamy are misinterpreting the decisions, which could actually make it harder to overturn existing rules. Slashing needed workersWhat’s more, the endeavor would require a lot of assistance from agency staffers – the very workers that Musk and Ramaswamy have promised to cut. For instance, in a town hall on X last month, Musk repeatedly criticized government regulations, citing their interference with his companies. “It’s quite arduous getting regulatory approval,” Musk said while discussing his Neuralink startup that develops implantable brain-computer interfaces.

Persons: CNN — Elon Musk, Vivek Ramaswamy, Donald Trump, Raimondo, Ramaswamy, won’t, ”, James Broughel, hasn’t, ” Musk, Trump, Nicholas Bagley, “, Richard Pierce Jr, ” Broughel, ” Trump, Broughel, Biden, Joe Biden’s, Musk, ” CNN’s Tierney Sneed Organizations: CNN, Government, Environmental Protection Agency, Loper Bright Enterprises, Competitive Enterprise Institute, ’, Street, Congress, University of Michigan Law School, George Washington University, of Economic, Public Citizen, SpaceX Locations: West Virginia

☆ 36-year-old quit 6-figure Wall Street job—now he earns $1,000 an hour working from home as a tutor: 'More fulfilling than I ever could have imagined'
▼ + stars: | 2024-11-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

When Steve Menking started working on Wall Street in his early 20s, he thought he found a career for life. Instead, shortly after his 25th birthday, Menking jokes that he had a "quarter-life crisis" while working as an equities trader at SMB Capital. In 2023, Menking earned more than $500,000 through private tutoring, a number he's on track to match in 2024. "It's been better and more fulfilling than I ever could have imagined," he says. Here's how Menking left finance for a career in education — and found a job that pays six figures and allows him to work from home.

Persons: Steve Menking, Menking, He's, It's Organizations: SMB, CNBC, Education Locations: Connecticut, New York, —

☆ Disney's biggest wins this year — from a triumphant proxy war to getting back on track at the box office
▼ + stars: | 2024-11-28 | by ( Lucia Moses | Geoff Weiss | ) www.businessinsider.com time to read: +1 min

AdvertisementDisney brought the magic in 2024, but it isn't out of the woods just yet. Streaming turned a profit for the first time, and it righted the ship at the box office. While CEO Bob Iger won a proxy battle, Trump's second term now looms. It wasn't long ago that CEO Bob Iger was battling an expensive proxy fight, creative challenges, and streaming business losses. Meanwhile, here's a look back at Disney's biggest wins of the past year:

Persons: Bob Iger, Trump's, Disney, Iger, Nelson Peltz, Donald Trump, — Organizations: Disney, Wall, ESPN, Iger, Trump, Disney's

☆ Elon Musk's hunger for chips is taxing Nvidia's capacity to make them: report
▼ + stars: | 2024-11-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

AdvertisementElon Musk's demand for Nvidia chips has put pressure on the company to deliver. Nvidia is feeling the pressure from trying to meet Elon Musk's insatiable demand for chips. Musk's demand for chips was straining the chip giant's supply chain, a sales lead for Nvidia told colleagues in an email obtained by The Wall Street Journal. In June, CNBC reported that Musk had redirected $500 million worth of Nvidia chips from Tesla to X and xAI. Then, in September, Musk announced that xAI had brought a massive new training cluster of Nvidia chips online.

Persons: Elon, Mark Zuckerberg, Meta, Zuckerberg, Musk, Tesla, xAI, Jensen Huang, Huang, Larry Ellison, Jensen, Ellison Organizations: Elon, Nvidia, Wall Street, CNBC, Oracle Locations: Memphis , Tennessee

☆ Undersea cable cuts in the Baltic Sea are stoking geopolitical tensions — here's what's going on
▼ + stars: | 2024-11-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Mikkel Berg Pedersen | Ritzau Scanpix | Afp via Getty ImagesGeopolitical tensions are brewing globally over the cutting of subsea cables — critical infrastructure powering cross-border internet connectivity — in the Baltic Sea. Zoom In Icon Arrows pointing outwards A data visualization map showing the C-Lion1 undersea cable which connected Finland and Germany. Arelion, the company which owns it, told CNBC data traffic was rerouted to alternative links as it worked to repair the cable. Repairing subsea cables is no mean feat, according to Andy Champagne, senior vice president and chief technology officer of Akamai Labs. And, when there is an issue with a subsea cable, repairing it is a non-trivial job."

Persons: Mikkel Berg Pedersen, Ritzau Scanpix, it's, Andy Champagne, Martin Lee, Lee, Elina Valtonen, CNBC's, Valtonen Organizations: Afp, Getty, CNBC, Cinia, BCS, West, Telia, Akamai Labs, Cisco Locations: Baltic, Finland, Sweden, Ukraine, Russia, Germany, Finnish, Central Europe, Lithuania, West Interlink, Telia Lithuania, China, London

☆ As many as one in 10 coders are 'ghost engineers,' Stanford researcher says, lurking online and doing no work
▼ + stars: | 2024-11-28 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

His research, which hasn't been peer-reviewed, found that about 9.5% of coders were "ghost engineers.' AdvertisementMeasuring output is difficultDenisov-Blanch calls these workers "ghost engineers," defined as software engineers who are only 10% as productive or less than their median colleague. More remote workers were superstar codersMusk now aims to apply that same ruthless efficiency to the federal government. On one hand, he found that the prevalence of "ghost engineers" among remote workers was more than double that among in-person workers. But he also found that many more of the most effective engineers — employees whose performance was at least five times better than their median colleague — were working remotely.

Persons: hasn't, Yegor, Blanch, Paul Graham, Graham, Elon Musk, nobody's, coders Musk, Musk, — Organizations: Stanford, Business, Software, Twitter, CNN, of Government Locations: Silicon Valley

☆ Russia will likely send North Korean troops to the most dangerous spots to fight, says South Korea
▼ + stars: | 2024-11-28 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementNorth Korean troops sent to aid Russia will likely be deployed to the most dangerous fighting spots. That's according to South Korea's defense minister, who said they'd likely be used as "cannon fodder." North Korean forces have already taken casualties, per reports. North Korean troops fighting alongside Russian forces will likely be sent to some of the most dangerous spots in the war, Kim Yong-Hyun, South Korea's defense minister, said on Thursday. North Korea has sent thousands of troops to aid Russia in its war efforts, according to officials from South Korea, Ukraine, and the US.

Persons: they'd, Kim Yong, Kim, Joonkook Hwang, South, Andrii Kovalenko, Volodymyr Zelenskyy, Dmytro Ponomarenko, Kim Song Organizations: Russian, North, Yonhap News Agency, UN, Financial, Shadow, Street Journal, Western, Storm, Ukraine's Center, Bloomberg, UN Security Locations: Russia, South, Korea, South Korea, Ukraine, Korean, Kursk, North Korea

Panera Bread has hired a prominent crisis manager while the bakery-café chain navigates ongoing lawsuits over its highly caffeinated Charged Lemonade and plans a long-awaited initial public offering. The confidential settlement was with the family of Sarah Katz, an Ivy League student with a heart condition who died after drinking Charged Lemonade in September 2022. Dispensers for Charged Lemonade at Panera Bread in Walnut Creek, Calif., in 2023. The Charged Lemonade also had guarana extract, another stimulant, as well as the equivalent of nearly 30 teaspoons of sugar in the large size, the court documents added. It also displayed signage in stores cautioning that Charged Lemonade should be consumed in moderation.

Persons: Brooke Buchanan, Buchanan, Panera, Edelman, Elizabeth Holmes, Sarah Katz, Kline, Specter, Elizabeth Crawford, Crawford, Smith, Sen, John McCain Organizations: NBC News, Justice Department, Securities and Exchange Commission, Centers, Medicare, Services, Ivy League, Kline, Getty, Food and Drug Administration, Foods, Whole Foods, Walmart, JCPenney, Red, Street Journal Locations: U.S, Philadelphia, Florida, Walnut Creek, Calif, Missouri, Theranos, New York, Williams, Sonoma

☆ Democrat Derek Tran unseats GOP Michelle Steel in razor-thin Orange County House race
▼ + stars: | 2024-11-27 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

Democrat Derek Tran has defeated Republican incumbent Michelle Steel for a House seat representing California’s Orange County and Los Angeles, NBC News projects, after a contentious race that centered on the candidates’ Asian American identities and use of aggressive anti-China messaging. Tran has performed better with voters in Los Angeles County, where he has had a significant lead over Steel. But the race is tighter in Orange County, the bulk of the district, where voters have repeatedly flipped between red and blue over the past election cycles. She previously served as a supervisor and chairwoman of the Orange County Board of Supervisors before running for Congress. Don Luong, a history teacher and longtime Orange County voter, said the back-and-forth has distracted from the candidates’ actual platforms.

Persons: Derek Tran, Michelle Steel, Tran, Steel, ” “, ” Tran, “ Michelle can’t, ” Steel, Don Luong, ” Luong, “ We’re, didn’t, Luong, “, ”, Sheng Thao, Pamela Price Organizations: NBC News, Army, Steel, Congressional, Asian, Congress, Consumer, VietFace, NBC, “, Oakland Locations: California’s Orange County, Los Angeles, China, Los Angeles County, Orange County, California, Vietnam, Communist China, Orange, mailers, Alameda County

☆ Fed's preferred inflation gauge rises to 2.3% annually, meeting expectations
▼ + stars: | 2024-11-27 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +3 min

The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September. The annual rate was 0.1 percentage point above the prior month. Odds of a quarter percentage point reduction in the central bank’s key borrowing rate were at 66% Wednesday morning, according to the CME Group’s FedWatch measure. The release follows consecutive rate cuts by the Fed in September and November totaling three quarters of a percentage point.

Persons: Dow, Stocks Organizations: Federal, Commerce Department, Dow Jones, Nasdaq, Treasury, Fed, Labor

☆ JPMorgan sees S&P 500 rising to 6,500 in 2025 thanks to AI and deregulation
▼ + stars: | 2024-11-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 will be propelled to new heights in the new year thanks to momentum in artificial intelligence, a resilient economy and the possibility of easier regulation on industries, according to JPMorgan. The labor market has also held up, with more than 100,000 jobs being added in all but one month this year. The S & P 500 is up 4.1% since the Nov. 5 vote. UBS said this week it sees the S & P 500 rising to 6,400 , while Goldman Sachs and Morgan Stanley expect an expansion to 6,500. His 4,200, the lowest in the CNBC Pro Market Strategist Survey , implies 30% downside from Tuesday's close.

Persons: Dubravko Lakos, Bujas, Donald Trump's, Toll, Goldman Sachs, Morgan Stanley Organizations: Nvidia, Federal Reserve, Microsoft, Exxon Mobil, Tesla, Toll Brothers, Citigroup, UBS, Deutsche Bank, CNBC Pro Market, Survey Locations: Tuesday's, U.S

☆ Musk, Ramaswamy to discuss DOGE with GOP leaders on Capitol Hill Dec. 5
▼ + stars: | 2024-11-27 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Elon Musk and Vivek Ramaswamy will visit Capitol Hill to discuss government reform with Republican congressional leaders Dec. 5, House Speaker Mike Johnson, R-La., announced Wednesday. Johnson said the entrepreneurs will "discuss major reform ideas to achieve regulatory rescissions, administrative reductions, and cost savings" with GOP lawmakers. President-elect Donald Trump has named Musk and Ramaswamy co-chairs of a new outside advisory commission they have dubbed the Department of Government Efficiency (DOGE). Next week's planned meeting is the latest indication that Republican leaders in Congress are taking Musk and Ramaswamy seriously. Yet even the best efforts of Republican leaders in Congress may not be enough to enact many of these ideas.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Mike Johnson, Johnson, Ramaswamy, Musk, Spokespeople Organizations: SpaceX, Capitol, Republican, GOP, Department of Government Efficiency, White, Office of Management, Congress, Corporation for Public Broadcasting, Consumer Financial Protection Bureau, Tesla Locations: Brownsville , Texas, U.S

☆ BTIG notes baby back ribs are topping AI, as this restaurant stock outperforms Nvidia
▼ + stars: | 2024-11-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

It may be time to take profits on Brinker International and rotate into other restaurant stocks, according to BTIG. That's more than the year-to-date gains of AI chip darling Nvidia , which is up more than 176% this year. While BTIG has a neutral rating on Yum Brands, it has rated both Domino's Pizza and Darden Restaurants as a buy. For Domino's, 22 of the 35 analysts covering the pizza chain have a strong buy or buy rating, while 12 analysts have a hold rating, according to LSEG data. The remaining nine have a strong buy or buy rating.

Persons: Jonathan Krinsky, Brinker, Krinsky, BTIG Organizations: Brinker International, Darden, Yum Brands

☆ 10 things the Club is watching in the market Wednesday, including CrowdStrike, HP, Dell
▼ + stars: | 2024-11-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

CrowdStrike delivered a very good quarter after Tuesday's closing bell, with management raising its full-year outlook on sales, operating income, and earnings. Mortgage rates dropped last week, pushing home loans for purchases up 12% week over week and 52% year over year. Best Buy shares were steady Wednesday morning after their nearly 5% post-earnings drop in the previous session. 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 .

Persons: CrowdStrike, Wells, Donald Trump, Kevin Hassett, Hassett, Stanley Black, Decker, Jim Cramer, We're, — CNBC's Zev Fima, Jim Cramer's, Jim Organizations: Dow, Nasdaq, Street, RBC, Dell, HP, Wall Street, National Economic Council, of Economic Advisers, Apple, Financial Times, Citi, holding's, Disney, Comcast's Universal, Paramount, Comcast, NBC Universal, CNBC, Jim Cramer's Charitable Locations: Wells Fargo, China

☆ Asia markets to open mixed even as Wall Street notches fresh records; investors assess Australia inflation
▼ + stars: | 2024-11-27 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Steven Saphore | Anadolu Agency | Getty ImagesAsia-Pacific markets are set to open mixed on Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. Traders in Asia will assesses monthly consumer price index figures out of Australia, set for release later in the day. A poll from Reuters expects the monthly CPI indicator to have risen 2.3% in October year on year, from 2.1% in September. Hong Kong Hang Seng index futures were at 19,172 slightly higher than the HSI's last close of 19,159.2.

Persons: Steven Saphore, Australia's Organizations: Skyline, Anadolu Agency, Getty, Dow Jones, Traders, Reuters, Nikkei Locations: Sydney, Australia, Asia, Pacific, Chicago, Osaka, Hong Kong

☆ Dell's AI business is booming, but shares plunged after it cut its revenue outlook
▼ + stars: | 2024-11-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Revenues jumped 34% in Dell's ISG division, which includes the company's AI operations. But a lower-than-expected fourth quarter outlook drove Dell's shares down 12% in premarket trading. The biggest success story came from Dell's Infrastructure Solutions Group, which includes sales of AI servers, storage, and other network capabilities. Despite Dell's strong positioning in AI-related technologies, the company's shares were down as much as 12% in premarket trading after its final quarter revenue outlook fell below Wall Street expectations. Dell shipped $2.9 billion in AI servers during the quarter, and the company said that customers had booked $3.6 billion of future AI server orders.

Persons: Dell, Dell's, Jeff Clarke, Elon Musk's Organizations: Dell's Infrastructure Solutions Group, Analysts, CSG, Nvidia, Elon Locations: Dell's ISG, Texas

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