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☆ Yen wobbles, vulnerable to political reverberations
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: +4 min

Japanese yen banknotes of various denominations are arranged for a photograph in Tokyo, Japan, on July 22, 2015. The yen was last 0.1% lower at 152 per dollar and was looking at a 1.5% loss for the week. The yen has fallen roughly 5.5% for the month thus far, setting it up for its worst monthly decline since April 2022. Against the dollar, the euro last bought $1.08225, some distance away from its low of $1.076125 hit earlier this week. The dollar index last ticked up 0.04% to 104.09, after having scaled a roughly three-month high of 104.57 earlier in the week.

Persons: Ray Attrill, Katsunobu Kato, Janet Yellen, Donald Trump, Nick Rees, Sterling Organizations: of Japan's, Treasury, Liberal Democratic Party, LDP, National Australia Bank, country's Finance, FX, Monex, New Zealand Locations: Tokyo, Japan, Japanese, Germany —

☆ Watch Friday's full episode of Mad Money with Jim Cramer — October 25, 2024
▼ + stars: | 2024-10-25 | 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 EmailWatch Friday's full episode of Mad Money with Jim Cramer — October 25, 2024"Mad Money" host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.

Persons: Jim Cramer —, Jim Cramer

☆ Lost for centuries, Silk Road cities are revealed by drone technology
▼ + stars: | 2024-10-24 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +4 min

Traversed centuries ago by camel-back traders, two long-lost medieval cities that once thrived along the ancient Silk Road have been uncovered by drones sent searching for their secrets. This groundbreaking research in southeastern Uzbekistan could shift our understanding of the Silk Road, a vast network of trade routes that spanned from China to the Mediterranean. But the new research shows the Silk Road network was larger than previously predicted. Although many large urban centers have been discovered in Central Asia, the vast majority of archaeologically documented cities are in lowland riparian settings. The research indicates the two cities produced iron or steel to sell, as well as providing fuel for Silk Road travelers, with the region being surrounded by dense juniper forests.

Persons: Michael Frachetti, Louis, Farhod Maksudov, Frachetti, Tim Williams, ” Organizations: Washington University, Uzbekistan’s National Center of Archaeology, NBC News, University College London Locations: Central Asia, Uzbekistan, China, St, Tashbulak, England, Tugunbulak

☆ European stocks set for another mixed open with more earnings to come
▼ + stars: | 2024-10-24 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are expected to open in mixed territory on Thursday, as traders await another batch of earnings reports, and as U.S. market declines weigh on global sentiment. The U.K.'s FTSE 100 index is expected to open 26 points higher at 8,281, Germany's DAX down 6 points at 19,377, France's CAC down 3 points at 7,495 and Italy's FTSE MIB up 17 points at 34,532, according to IG data. It's another busy day of European earnings on Thursday with Barclays , Renault , Unilever , Hermes , Sodexo , Saab, Danone and Dassault Systemes among those reporting.

Persons: Germany's DAX Organizations: France's CAC, Barclays, Renault, Unilever, Hermes, Saab, Danone, Dassault Systemes

☆ Top 10 things to watch in the stock market Thursday, including news on Nvidia, 3 other Club stocks
▼ + stars: | 2024-10-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Top 10 things to watch Thursday, Oct. 24 CNBC's Matthew J. Belvedere with the help of Jeff Marks wrote this dispatch. Tesla shares were jumping 14.5% and leading the Nasdaq toward a higher open after the EV maker beat on quarterly earnings per share (EPS). Club industrial stocks Honeywell and Dover were dropping after issuing quarterly results. Semiconductor equipment maker Lam Research beat on quarterly earnings and revenue and its stock jumped 5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Matthew J, Jeff Marks, Stocks, Jensen Huang, TSMC, Oppenheimer, Boeing machinists, Gary Kelly, Bob Jordan, EBITDA, Jim Cramer's, Jim Cramer, Jim, Ritzau Scanpix, Mads Claus Rasmussen Organizations: Nasdaq, Elon, Honeywell, Dover, Nvidia, Blackwell, Semiconductor, Lam Research, Boeing, Southwest Airlines, Elliott Investment Management, United Parcel Service, International, Mobile, Jim Cramer's Charitable, CNBC, EIFO, NVIDIA, Vilhelm, Via Reuters Locations: India, Southwest, Kastrup, Denmark

☆ CNBC Daily Open: Treasury yields are making a return, like an uninvited ex
▼ + stars: | 2024-10-24 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineLike an unwelcome ex-partner who shows up during the most inopportune times and refuses to leave, Treasury yields too have made a return and are hogging the market limelight. It's not inconceivable, then, that the strong economy might prompt the Fed to slow down, or even hold back, its rate cuts. The stock market slumped as yields rebounded.

Persons: Brendan McDermid, Brent Schutte, Paul Hickey, Hickey, Wells, they'll, —, Jeff Cox, Lisa Kailai Han, Pia Singh, Brian Evans Organizations: New York Stock Exchange, Reuters, CNBC, U.S . Federal Reserve, Fed, Northwestern Mutual Wealth Management, Dow Jones Industrial, Nasdaq Locations: TY, New York City, U.S

☆ Watch Thursday's full episode of Fast Money — October 24, 2024
▼ + stars: | 2024-10-24 | 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 EmailWatch Thursday's full episode of Fast Money — October 24, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ 10-year Treasury yields fall after crossing 4.25% in previous session
▼ + stars: | 2024-10-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. The yield on the 10-year Treasury fell on Thursday, reversing gains after topping the 4.25% threshold in the previous session as traders continue to digest the trajectory of interest rate cuts. The 10-year Treasury yield slid more than 4 basis points to 4.1958%, while the 2-year Treasury fell over 3 basis points to 4.0466%. Yields move inversely to prices. One basis point equals 0.01%.

Organizations: New York Stock Exchange, Wall, Treasury Locations: New York City

☆ Stock futures are little changed after S&P 500 snaps 3-day losing streak: Live updates
▼ + stars: | 2024-10-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures are muted Thursday night after the broad index ended a three-day negative streak. Futures tied to the broad index added less than 0.1%, as did Nasdaq 100 futures . The Nasdaq Composite joined the S&P 500 in finishing the session in the green, with both lifted by Tesla' s post-earnings rally. A slide in Treasury yields also gave the S&P 500 and Nasdaq upward momentum, according to Megan Horneman, chief investment officer at Verdence. The Dow has fared the worst with a drop of more than 2% as of Thursday's close, while the S&P 500 and Nasdaq have shed 0.9% and 0.4%, respectively.

Persons: Dexcom, Tesla, Elon, Megan Horneman, Horneman, Dow, They'll Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Treasury, IBM, Boeing, Colgate, Palmolive, AutoNation, Newell Brands, University of

☆ Conflicting economic signals are causing confusion in the bond market
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +5 min

Bond market investors are having trouble figuring out an economy that looks good from 30,000 feet, but less so closer to the ground. Whether it's payrolls, gross domestic product or retail sales, or a host of other measures, growth looks solid, at the very least. On Wall Street, the general view was of concern: The Beige Book "showed no material improvement in a generally bleak outlook," Citigroup economist Andrew Hollenhorst wrote. However, if growth deteriorates, as the Beige Book indicates it has, that likely would push the Fed towards more reductions. "Despite recent stronger-than-expected data on U.S. employment, retail sales, and consumer inflation, the Fed's latest Beige Book signals a still weakening economy."

Persons: it's, Goldman Sachs, Donald Trump, Goldman, Andrew Hollenhorst, Kathy Bostjancic, Peter Boockvar, Jerome Powell, Nicholas Colas Organizations: Treasury, Federal Reserve, Atlanta Fed, Fed, Citigroup, Nationwide, Bleakley Financial, DataTrek

☆ Traders seeing possible opportunity in Starbucks and high-yield bonds ahead of Thursday's session
▼ + stars: | 2024-10-24 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Plus, they are reacting to Tesla earnings and watching an interesting bond opportunity outside of Treasuries. Worldwide Exchange pick: Starbucks Earlier this week, Starbucks (SBUX) pulled its profit outlook and said sales last quarter tumbled in a release of preliminary results. Opportunity in high yield bonds Joanna Gallegos of BondBloxx said while Treasury yields are higher since the Federal Reserve rate cut in September, she is seeing the best opportunity in high yield bonds. She recommended high yield bond ETFs: BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) with a yield above 10% and the BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) with a yield above 6%.

Persons: Tesla, George Gianarikas, Cannaccord Genuity, Matt Powers, Brian Niccol, Joanna Gallegos, BondBloxx, Gallegos Organizations: PRO, Worldwide, Starbucks, Powers Advisory, Federal Locations: Treasuries

☆ Stock market today: Indexes trade mixed as traders look to break out of 3-day slump
▼ + stars: | 2024-10-24 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

A rise in tech stocks fueled the indexes higher after Tesla reported strong earnings. Jobless claims from last week fell unexpectedly to 227,000, a drop of 15,000 from the week before. AdvertisementUS stocks were mixed Thursday morning, as the market tried to break out of a three-day slump following this week's bond sell-off. Investors' exposure to the S&P 500 is the highest since mid-2023 in a signal that's previously preceded a 10% slump, Citi says. Apple stock tumbles after analyst says iPhone 16 orders cut by 10 million units, sees "no evidence" of AI boosting demand.

Persons: Tesla, — Organizations: Dow, Service, Dow Jones Industrial, Treasury, Nasdaq, Investors, Citi, Apple

☆ Tesla stock surges 18% after stellar earnings, one of its biggest gains in years
▼ + stars: | 2024-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Tesla shares rallied as much as 18% on Thursday after the company reported strong earnings. The carmaker reported better-than-expected auto margins and gave strong guidance for 2025. The jump on Thursday marks one of Tesla's biggest intraday percentage gains in years. Others on Wall Street, though, raised questions about other aspects of Tesla's business. "TSLA offered no details on a CY25 model, no details on improved FSD, and no details on its plans for Optimus.

Persons: Tesla, —, Elon Musk's carmaker, Aaron, Morningstar, Musk, we're, TSLA Organizations: Service, Elon, Wedbush Securities, Wall, Optimus Locations: China, CY25

☆ Dollar stands tall on bets for slower Fed cuts, potential Trump win
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. This week, Kansas City Fed President Jeffrey Schmid said he would prefer to "avoid outsized moves", and Philadelphia Fed President Patrick Harker backed "a slow, methodical approach" to further easing. The dollar has now "punched through key technical resistance levels" against the yen, "opening the door for higher levels", Catril said. Although opinion polls indicate a neck-and-neck race with Democratic rival, Vice President Kamala Harris, cryptocurrency-prediction exchange Polymarket has seen a sharp rise in bets for a Trump win.

Persons: Donald Trump, Jeffrey Schmid, Patrick Harker, Rodrigo Catril, Catril, Trump, Kamala Harris, Christine Lagarde, Mario Centeno Organizations: U.S ., Federal Reserve, Kansas, Philadelphia Fed, Treasury, National Australia Bank, UST, Republican, Democratic, Trump, of, Traders, European Central Bank, Wednesday Locations: Japan, Sunday's

☆ Dow sinks sharply as Wall Street gears up for possibility of a Trump victory
▼ + stars: | 2024-10-23 | by ( Nicole Goodkind | Lucy Bayly | ) edition.cnn.com time to read: +3 min

Investors have been increasingly on edge about the prospect of former President Donald Trump winning the election, a possibility for which Wall Street has been preparing to a greater extent. While polls remain effectively dead-even, Trump’s prospects have grown since the start of this month in political betting markets. The tech-heavy Nasdaq Composite led the decline, ending the day down by 1.6%; while the S&P 500 and Dow both fell about 1%. Recent strong economic data has led traders to question whether the central bank might maintain higher rates for longer than anticipated. The current market environment suggests continued volatility ahead, said Torres, warning of the potential for further yield curve steepening and increased market turbulence ahead.

Persons: Donald Trump, Trump, ” Steven Ricchiuto, Kamala Harris, Dow, ”, José Torres, McDonald’s, Kelly Ortberg, Torres Organizations: New, New York CNN, Mizuho Securities, Treasury, Nasdaq, Dow, Interactive Brokers, Nvidia, Apple, Boeing, Federal Locations: New York, United States

☆ Looking for hints in the stock charts ahead of earnings results from Meta and Alphabet
▼ + stars: | 2024-10-23 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

In fact, the period just before and just after a stock reports is a perfect time to review the relevant patterns and levels. We're going to do just that today for Netflix (NFLX) , Meta (META) and Alphabet (GOOGL) , the biggest components of the S & P 500's communication services sector. Alphabet bullish pattern Alphabet reports earnings next week on Tuesday. Meta's key area Lastly, but certainly not least, Meta reports next Wednesday. Like NFLX and GOOGL, it's done a good job extending from upside gaps and filling downside gaps in 2024 in between earnings reports.

Persons: NFLX, that's, Meta, it's, Frank Cappelleri Organizations: Netflix, Meta, CNBC, NBC UNIVERSAL Locations: NFLX

☆ European stocks close lower as traders focus on earnings and bond yields
▼ + stars: | 2024-10-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets closed lower Wednesday as investors in the region focused on corporate reports and U.S. Treasury yields. The pan-European Stoxx 600 index provisionally closed around 0.3% lower, with most sectors and major bourses in the red. There were earnings aplenty on Wednesday, with Deutsche Bank beating expectations in its return to profit in the three months to September. Shares of the German lender continued their decline after a German court ruled against the company in a long-standing legal dispute with shareholders who alleged the lender underpaid in its acquisition of German retail bank Postbank. Volvo Cars traded 5.9% lower, AkzoNobel was down 3.5% and L'Oreal fell 2.5% after the firms reported earnings earlier.

Persons: Heineken, AkzoNobel Organizations: Treasury, Deutsche Bank, Volvo, L'Oreal

☆ Oil falls more than 1% on higher US crude stocks as market watches Middle East
▼ + stars: | 2024-10-23 | by ( ) www.cnbc.com time to read: +3 min

Brent crude futures dropped $1.08, or 1.42%, to close at $74.96 a barrel. U.S. West Texas Intermediate crude futures shed 97 cents, or 1.35%, to settle at $70.77 a barrel. "The large crude oil inventory build this week is offsetting the drop last week. Also pressuring oil prices, the dollar index rose on Wednesday to its highest since late July. The impact of the crude stocks build on prices was countered somewhat by persistent concerns over potential oil supply risk from conflict in the Middle East.

Persons: paring, Andrew Lipow, Antony Blinken's, Blinken, Yeap Jun Rong Organizations: Brent, . West Texas, Energy Information Administration, Lipow Oil Associates, ING Locations: East, Israel, Gaza, Lebanon, Middle, U.S, Milton, Lebanese

☆ The bond market is selling off after traders got their Fed forecasts wrong
▼ + stars: | 2024-10-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Bonds have sold off as traders reassess the path of Fed Reserve rate cuts. AdvertisementThe bond market is in sell-off mode as traders reassess the path of interest rate cuts from the Federal Reserve. That would be a big surprise to traders, with the market pricing in a 90% chance of a 25-basis point interest rate cut from the Fed next month. AdvertisementFed officials, for their part, have indicated they're likely to move cautiously, though more rate cuts are still their base case. Dallas Fed President Lorie Logan said she expects interest rates will fall "gradually," and Kansas City Fed President Jeff Schmid endorsed a "cautious and gradual" approach to cutting interest rates.

Persons: Bonds, —, Donald Trump, Torsten Sløk, Sløk, Mary Daly, Neel Kashkari, Lorie Logan, Jeff Schmid, Trump Organizations: Trump, Service, Federal Reserve, Treasury, Fed, Bloomberg, Bond, Treasury Bond ETF, Federal, Market, San Francisco Fed, Minneapolis, Dallas, Kansas City, House Locations: Atlanta

☆ CNBC Daily Open: Concerns over high interest rates return, pressuring stocks
▼ + stars: | 2024-10-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The team pointed to high valuations and concentration in today's stock market as reasons for their forecast. [PRO] Ranking the Magnificent SevenThe Magnificent Seven bag of stocks — Alphabet , Amazon , Apple , Meta , Microsoft , Nvidia and Tesla — is responsible for most of the S&P 500's rally this year. Not so, according to a tech investor who owns all seven stocks.

Persons: Europe's, Goldman, Goldman Sachs, David Kostin, Bob Iger, Iger, Bob Chapek Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Treasury, Autonomous, Microsoft, Disney, Apple, Meta, Nvidia, Tesla

☆ U.S. crude oil prices rise nearly 1%, extend gains to above $71 per barrel
▼ + stars: | 2024-10-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

The Phillips 66 Carson refinery is shown after the company said it will shut its large Los Angeles-area oil refinery late next year, delivering a blow to California's fuel supply, in Carson, California, on Oct. 17, 2024. U.S. crude oil futures extended gains on Tuesday after rising nearly 2% in the previous session. Oil prices have bounced back somewhat after selling off steeply last week. Traders increasingly view a supply disruption in the Middle East due to Israel-Iran tensions as unlikely. Weak demand in China has also weighed on prices recently.

Organizations: Traders Locations: Carson, Los Angeles, Carson , California, Israel, Iran, China, Beijing

☆ BlackRock unveils active fund that aims to track changing AI trade over time
▼ + stars: | 2024-10-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Tony Kim, head of the fundamental equities technology group at BlackRock , is helming a new AI-focused fund launching on Tuesday. The top holdings in the ETF at launch are some of biggest names in the AI trade, including Nvidia and Microsoft . The AI Trade The excitement around the AI trade may have recently lost some of its luster for short-term traders. The valuations of some of the trendy AI stocks have also been a worry for some investors since AI took off with the introduction of ChatGPT in late 2022 . BlackRock is launching a similar fund in an ETF wrapper on Tuesday, the iShares Technology Opportunities Active ETF (TEK), with Kim as one of the managers.

Persons: Tony Kim, Kim, What's, —, TEK Organizations: BlackRock, Innovation, Tech, ETF, Nvidia, Microsoft, Astera Labs, Hitachi, Nasdaq, Apple, BlackRock Technology, Fund, BAI Locations: BlackRock

☆ Dollar steady at August high on U.S. rates view, election
▼ + stars: | 2024-10-22 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar clung to a two-and-half-month high on Tuesday on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a close battle in the upcoming U.S. election kept investors on edge. The U.S. dollar clung to a two-and-half-month high on Tuesday on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a close battle in the upcoming U.S. election kept investors on edge. Four Federal Reserve policymakers expressed support on Monday for further rate cuts, but appeared to differ on how fast or far they believe any cuts should go. With the U.S. election just two weeks away, the rising odds of former President Donald Trump winning the Nov. 5 election are boosting the dollar, since his proposed tariff and tax policies are seen as likely to keep U.S. interest rates high. The yen on Tuesday was at 150.57 per dollar, hovering close to the two-and-half-month low of 150.88.

Persons: Goldman Sachs, Donald Trump, Harris, Komeito Organizations: U.S, Reserve, Fed ., Federal, Traders, Fed, Trump, PineBridge Investments, Liberal Democratic Party Locations: U.S, Treasuries

☆ Philip Morris is a growth stock again as shares hit all-time high on Zyn demand boom
▼ + stars: | 2024-10-22 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

In this photo illustration, ZYN nicotine cases are seen on a table on January 29, 2024 in New York City. Philip Morris expects Zyn shipments to match demand "at some point" during the fourth quarter, Babeau said. Philip Morris also noted Zyn as main driver of net revenue for the business as a whole. Philip Morris announced earlier this year that it would invest $600 million to build a new production facility for Zyn in Colorado. Shares of Philip Morris have climbed more than 37% in 2024.

Persons: Philip Morris, Babeau, FactSet, Zyn Organizations: Swedish Match Locations: New York City, Connecticut, U.S, America, Zyn, Greece, Czech Republic, Colorado

☆ Stock market today: Indexes slide and yields rise as rate-cut outlook dims
▼ + stars: | 2024-10-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

On the earnings front, Tesla, UPS, and Boeing will report later in the week. AdvertisementUS stocks headed for their second losing session in a row, with major indexes slumping Tuesday morning amid a rise in bond yields. The key bond yield jumped above 4.2% for the first time since July. Boeing is also due to report on Wednesday, while UPS will report results on Thursday. Here's where US indexes stood at the 9:30 a.m. opening bell on Tuesday:Here's what else happened today:AdvertisementIn commodities, bonds, and crypto:

Persons: Stocks, —, Patrick Harker, Tesla Organizations: UPS, Boeing, Service, Treasury, Federal Reserve, Fed, Philadelphia Fed Locations: Here's

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