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☆ A Fabled Washington Home, Kept Empty by a 22-Year Battle
▼ + stars: | 2024-07-23 | by ( Elizabeth Williamson | ) www.nytimes.com time to read: +1 min

President-elect John F. Kennedy was there for dinner the night before his inauguration. “It was a special place to grow up,” said Donald Graham, a former publisher of The Washington Post, remembering his childhood home. After she died in 2001 her estate sold the home to Mark Ein, a venture capitalist and philanthropist who owns Washington City Paper and has a stake in the city’s N.F.L. Mr. Ein, then a bachelor, had no plans to entertain in Mrs. Graham’s grand style and did not move in. But after he married Sally Stiebel in the home’s garden in 2013, the couple decided to raise their family there.

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You'll receive a notice from your bank when your CD maturity date is approaching. We'll explain the CD maturity process and what to do when a term ends so you know your options. What happens at CD maturityWhen a CD reaches maturity, that means your term is about to end. What the CD grace period meansFinancial institutions will specify in the bank account agreement a grace period to make changes to your account. The most common CD maturity dates range from six months to five years after you open an account.

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☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Tesla, Krispy Kreme, Skechers, Amazon, First Solar, Qualcomm and more
▼ + stars: | 2024-07-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley upgrades Skechers to overweight from equal weight and downgrades Under Armour to underweight from equal weight Morgan Stanley said its Skechers channel checks looked promising. "We initiate coverage of LandBridge (LB) with a Buy rating and a $35 price target following its IPO last month." Morgan Stanley reiterates First Solar as overweight Morgan Stanley said First Solar could benefit from a new Trump administration. Morgan Stanley reiterates Amazon as top pick Morgan Stanley said Amazon is its favorite pick ahead of earnings, but that the firm also likes Alphabet and Meta. Morgan Stanley initiates Alumis as overweight Morgan Stanley said it's bullish on shares of the immunology company.

Persons: TD Cowen, Morgan Stanley, Armour, Bernstein, Apple, Guggenheim, Tesla, Baird, it's, Krispy Kreme, Goldman Sachs, Goldman, Trump, Wells, Piper Sandler, Piper, TD Cowen downgrades Darden, Cowen, Oppenheimer Organizations: Procter, Gamble, HSBC, CrowdStrike, Qualcomm, JPMorgan, Goldman, Barclays, Nvidia, Amazon, Microsoft, Citi, Rio Tinto, Deutsche Bank, Aerospace, Deutsche, Farnborough Air, Darden Locations: Rio, Olive, stagnate

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Its price target implies more than 30% upside. Analyst Stephen Bersey also slashed his price target for the stock to $302 from $388. The financial firm reiterated its overweight on the technology titan and Magnificent Seven member and increased its price target to $485 from $465. The bank upgraded shares of the doughnut maker to buy from hold, while standing by its target price of $14. The bank upgraded the shoe company to overweight from equal weight and raised its price target to $80 from $60.

Persons: CrowdStrike, Morgan Stanley, Stephen Bersey, Bersey, Lisa Kailai Han, Piper Sandler, Brent Bracelin, Bracelin, — Lisa Kailai Han, Peter Christiansen, Christiansen, Sorabh Daga, McDonald's, Daga, Fred Imbert Organizations: CNBC, HSBC, HSBC downgrades CrowdStrike, Guggenheim, Microsoft, Microsoft Cloud, Citi Locations: CrowdStrike, U.S, Monday's

☆ Wieting: Be careful investing as volatility in various sectors increases
▼ + stars: | 2024-07-22 | 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 EmailWieting: Be careful investing as volatility in various sectors increasesSteven Wieting, Chief Investment Strategist and Chief Economist at Citi Global Wealth Management Investments, discusses the new trading week and geopolitical uncertainty.

Persons: Steven Wieting Organizations: Investment, Citi Global Wealth Management Investments

☆ Why we're brushing off Wall Street's concerns about Advanced Micro Devices
▼ + stars: | 2024-07-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Meanwhile, the Wall Street analysts argued that hedge funds have become more bearish on fellow portfolio name Advanced Micro Devices . 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, clawing, Estee Lauder, Joe Biden, Kamala Harris, Harris, Biden, Donald Trump, Jim, She's, Jim Cramer's Organizations: CNBC, Club, Nvidia, Apple, Microsoft, Citigroup, Broadcom, VMware, Wall Street, Devices, Citi, AMD Locations: Silicon Valley

☆ Investors see Broadcom catching up to Nvidia as the next big AI play, Citi says
▼ + stars: | 2024-07-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Broadcom is emerging as a strong AI stock pick, according to Citi. The bank said Broadcom is seeing an uptick in its AI business as it gains new customers like OpenAI and Bytedance. "We also believe there is some investor fatigue with NVDA," Citi said. AdvertisementBroadcom is gaining ground on Nvidia as the next hot AI stock among investors, according to a Monday note from Citi. We also believe there is some investor fatigue with NVDA," Citi said.

Persons: — Organizations: Broadcom, Citi, Service, Nvidia, Nasdaq, VMware, NXP Semiconductors, Micron, MU, Samsung Locations: New York, Connecticut, 3Q24

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☆ Here are Monday's biggest analyst calls: Apple, Nvidia, Amazon, Burlington, CrowdStrike, Berkshire Hathaway, Coinbase & more
▼ + stars: | 2024-07-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs initiates Talos Energy as buy Goldman said the energy company has a "strong oil mix and free cash flow." Goldman Sachs downgrades Lennar to neutral from buy Goldman downgraded the homebuilder stock mainly on valuation. Goldman Sachs initiates Webtoon as buy Goldman said it's bullish on shares of the digital storytelling company. TD Cowen initiates Berkshire Hathaway as hold TD Cowen said it likes the stock but valuation is full right now. " "We upgrade CHRW to Buy from Underperform and raise our PO to $99 from $76, on 22.5x our 2025e EPS."

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The information for the following product(s) has been collected independently by Business Insider: Citi Strata Premier℠ Card, Citi® Double Cash Card, Citi Rewards+® Card, AT&T Points Plus® Card, Citi Prestige® Card, Citi Custom Cash℠ Card. Earning Citi ThankYou PointsThe easiest way to rack up Citi ThankYou points is with a Citi credit card, which you can easily apply for online. There's one non-airline Citi ThankYou transfer partner available to all cardholders: You can transfer your Citi ThankYou points to Sears Shop Your Way at a rate of 1:10 points. Maximizing Citi ThankYou PointsBefore you sign up for a Citi credit card, it's helpful to know that the Citi ThankYou program lets you pool points with other members. Citi ThankYou Points frequently asked questionsHow can I earn Citi ThankYou Points?

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☆ President Joe Biden ended his reelection bid. What's next?
▼ + stars: | 2024-07-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Joe Biden ended his reelection bid . The president ended his reelection campaign on Sunday, the culmination of mounting pressure from his party after a disastrous debate last month. Meanwhile, former President Donald Trump said in a post on Truth Social that "Crooked Joe Biden was not fit to run for President." Biden's reelection campaign has quickly pivoted to serve Harris, making it an uphill battle for any Democrat looking to challenge her , writes Business Insider's Brent D. Griffiths. Many have made comparisons to the 1968 Democratic convention , which was a contested convention after President Lyndon B. Johnson ended his reelection campaign earlier that year.

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☆ Stock market today: US stocks rise as traders try to come back after worst week since April
▼ + stars: | 2024-07-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Investors are gauging what a potential Kamala Harris presidency could mean for the stock market. Second-quarter GDP and the June PCE index will be released later this week. The gains came one day after President Joe Biden announced he would not seek re-election, and instead endorsed his Vice President, Kamala Harris. That will be followed by the Federal Reserve's preferred inflation gauge, the PCE index, at 8:30 a.m. on Friday. Economists expect the June Core PCE index to rise 2.5% year over year, which is not far off from the Fed's long-term inflation target of 2%.

Persons: Kamala Harris, —, Joe Biden, Harris, Donald Trump, Trump's, JD Vance, Alex Saunders Organizations: Service, Technology, Nasdaq, Trump, Citi, Federal, Here's Locations: California

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☆ Automakers report earnings this week. GM is set to be the standout
▼ + stars: | 2024-07-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

That compares to LSEG estimates for Ford Motor that call for adjusted earnings per share of 68 cents for the second quarter, down 5.2% from the second quarter of 2023. Ford is scheduled to report Wednesday afternoon after markets close, followed by Chrysler parent Stellantis , which reports earnings biannually, releasing its first-half results Thursday morning. Stock Chart Icon Stock chart icon GM, Ford and Stellantis stocks in 2024. "Both are expected to raise 2024 guidance." Evercore still expects a "solid" second quarter for Ford, though, trending toward the upper half of its previously announced 2024 guidance.

Persons: Mary Barra, Ford, Dan Levy, Chris McNally, Itay Michaeli, Jim Farley, Michael Wayland, Carlos Tavares, Natalie Knight, Stellantis Organizations: New York Stock Exchange, NYSE DETROIT —, Motors, Detroit, America's, GM, Ford Motor, Chrysler, Ford, Barclays, Citi, CNBC Locations: Detroit, North America, Europe, Auburn Hills, Mich

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☆ Investment banking is back — and the recovery is just getting started
▼ + stars: | 2024-07-21 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Investment banking was the rock star of big bank earnings this season. For Club stock Morgan Stanley, investment banking revenues surged 51% year over year with equity underwriting fees jumping over 56%, and advisory fees increasing over 30% from the year-ago period. Wells Fargo's investment banking revenues, which fall underneath its corporate and investment banking (CIB) division, jumped 38% year over year. "The investments we have been making allowed us to take advantage of the market activity in the quarter with strong performance in investment advisory, trading and investment banking fees." And good news for investors, it doesn't look like the rebound in investment banking is slowing anytime soon.

Persons: Morgan Stanley, Wells, JPMorgan Chase, Goldman Sachs, Goldman, Morgan, We've, Morgan Stanley's, NII, Charlie Scharf, Ted Pick, we're, David Solomon, Donald Trump, Jim Cramer's, Jim Cramer, Jim, JPMorgan Organizations: JPMorgan, Bank of America, Citigroup, Citi, Investment, IB, Federal Reserve, Wells, CNBC, CIB, Morgan, Wall, Citibank, JPMorgan Chase, Reuters Locations: Wells Fargo, Wells, U.S

☆ Ether ETFs are coming. Here's how Wall Street sees the funds impacting the world's 2nd-biggest crypto
▼ + stars: | 2024-07-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Spot ether ETFs could launch as soon as July 22, reports say. Wall Street has issued a range of outlooks on how the world's second-largest cryptocurrency will move once the ETFs launch. The bank expects these funds to drive $15 billion to $45 billion worth of ether inflows in a 12-month window. Bulls derived their confidence from how bitcoin behaved after its spot ETFs launch in January. They noted bitcoin's first-mover advantage and stressed that the ether token offers functionality that wouldn't be accessible through the ETFs, thus limiting demand.

Persons: —, bitcoin, Nikolaos Panigirtzoglou, CoinDesk, Rachel Lin, Alex Kuptsikevich Organizations: Street, Service, Securities and Exchange Commission, Chartered, Bulls, JPMorgan, Citi, Steno, Reuters, Galaxy Digital, ETH, Business

The Signify Business Cash℠ Card by Wells Fargo is a no-annual-fee business credit card that simplifies earning and redeeming points and miles. The issuer is also starting from scratch with its small business cards — the new Signify Business Cash℠ Card by Wells Fargo is the only business credit card available through Wells Fargo right now. The American Express Blue Business Cash™ Card vs. the Signify Business Cash℠ CardThe American Express Blue Business Cash™ Card is a similar no-annual-fee competitor that can work well if you want to build a business relationship with Amex. Wells Fargo Signify Business Card Cardholder InsightsSome savvy individuals online have discovered that Wells Fargo appears to be introducing a line of Signify business cards, with the Signify Business Cash℠ Card potentially being just the first of several. Wells Fargo Signify Business Card Frequently Asked QuestionsWhat is the Wells Fargo Signify Business Cash Credit Card?

Persons: Wells, Wells Fargo, cardholders, You'll, — Organizations: Business, Mastercard, Theft, Capital, American Express, Express, Cash, American, Ink, Chase, Chase Sapphire, Chase Travel, United Airlines, Citi Locations: Wells Fargo, Wells, United States, Hyatt, Southwest, United

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