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Cramer's Lightning Round: Hold DraftKings
  + stars: | 2023-08-17 | by ( Julie Coleman | ) www.cnbc.com   time to read: +3 min
Stock Chart Icon Stock chart icon Salesforce's year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance. Stock Chart Icon Stock chart icon UiPath's year-to-date stock performance. Stock Chart Icon Stock chart icon DraftKings' year-to-date stock performance. Stock Chart Icon Stock chart icon GE HealthCare's year-to-date stock performance.
Persons: we'll, I'm, It's, Anthony Noto, we're, they're, Let's, DraftKings, I've, it's, James Quincey's, Coke, Jim Cramer's Organizations: Charitable Trust, American Airlines, GE, GE HealthCare
Here are Thursday's biggest calls on Wall Street: Citi reiterates Nvidia as buy Citi said it's bullish heading into Nvidia earnings next week. Citi reiterates Apple as buy Citi said it's bullish heading into the company's iPhone 15 launch. Oppenheimer reiterates Nvidia as outperform Oppenheimer said it's bullish on shares of Nvidia heading into earnings next week. Bank of America reiterates TJX Companies as buy Bank of America said the stock is "well positioned for continued market share gains." Bank of America reiterates Wells Fargo as buy Bank of America said Wells Fargo has one of the most attractive risk/rewards of the big banks.
Persons: it's, Charles Schwab, Jefferies, KeyBanc, Key, Oppenheimer, Rosenblatt, Evercore, Bill Ready, Meta, SoFi, Wells, Wells Fargo Organizations: Citi, Nvidia, NVIDIA, JPMorgan, Deutsche Bank, Deutsche, Novartis, Amgen, Apple, Arista, Networking, BMO, Green, Bank of America, Adobe, of America Adobe, TJX Companies, Enphase Energy Locations: Mexico, Sunrun
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: The only airline I'm recommending right now is Delta, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Salesforce, SoFi, American Airlines, UiPath, Apple, DraftKings and more.
Persons: Jim Cramer Organizations: American Airlines, Apple Locations: Delta
Jean-Baptiste, who paid off over $100,000 of student loan debt, has seven bank accounts: one for each savings bucket in her budget. I actually have five accounts: checking, high-yield savings account, a travel account, a business account, and an account for a down payment on a home. Pay yourself first every paycheckSet up an automated transfer from your checking account to your savings account every time you get paid. And if you have savings set aside for discretionary expenses, economic challenges like inflation may have less of a bite. Jennifer Streaks Senior Personal Finance Reporter and Spokesperson Jennifer is a Senior Personal Finance Reporter and Spokesperson for the Personal Finance vertical at Business Insider.
Persons: Melissa Jean, Baptiste, Jean, , Jennifer, Read Organizations: Business, Black Enterprise Magazine, CNBC, Forbes, Twitter
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Charles Schwab's Liz Ann Sonders and SoFi's Liz YoungLiz Ann Sonders, Charles Schwab chief investment strategist, Liz Young, SoFi head of investment strategy, join 'Closing Bell' to discuss the Fed's next moves, economic data, and what it means for the broader markets.
Persons: Charles Schwab's Liz Ann Sonders, SoFi's Liz Young Liz Ann Sonders, Charles Schwab, Liz Young
Maybe, but it also means you're entering a level in your relationship where you're at least partially combining finances with your partner. Level 1: Get to know your partner's money habitsYou don't need to ask a prospective partner to furnish their credit report on the first date. But as things are warming up, it's important to begin learning about the other person's financial picture, Meade says. "It can be scary, but there are some things you should probably know." "If you know you have the core covered and you have X amount to spend that month, it can really help."
Persons: Zers, Kendall Meade, it's, you've, Meade, Frank Summers Organizations: Psychology, Cetera Advisors
A joint bank account allows two or more people to own a bank account. While you can open a joint bank account with anyone, usually, joint bank accounts are opened by couples or family members. One type of joint bank account that you may be familiar with is a kid's bank account. Joint bank accounts are federally insured for a greater amount than individual bank accounts. Deciding between a joint bank account or an individual bank account will boil down to how you use the account and your goals.
Persons: what's, You'll Organizations: Service, FDIC, Social Locations: Wall, Silicon
After all, 85% of respondents in the same survey say you don't need marriage to have a fulfilled and committed relationship. "Marriage brings about 1,200 rules, tweaks and changes to how people are treated compared to unmarried people," he says. Getting married comes with tax benefits that unmarried couples don't enjoy. In the case of death or incapacitation, unmarried couples (especially those in the LGBTQ community) could have the legitimacy of their relationship questioned by family members. CHECK OUT: The ‘most successful’ relationships follow these 8 rules, say psychology experts who studied couples for 50 years
Persons: Frank Summers, Gen Zers, Summers, you'll, Couples, Kendall Meade, haven't, you've, you'd, Warren Buffett Organizations: Cetera Advisors, Psychology, SoFi, Social Security
Six nights of Taylor Swift concerts may be worth more than the whole of WeWork, a new study finds. Swift is slated to give a $320 million boost to LA County, exceeding WeWork's market capitalization. The Eras Tour will give a $320 million boost to Los Angeles County's gross domestic product (GDP), the California Center for Jobs & The Economy estimates. WeWork shares have plunged by 97% in the past year to trade as low as 15 cents on Thursday, giving the shared-workspace company a market capitalization just below $320 million. Swift's shows in Inglewood, Los Angeles promise to create 3,300 jobs and lift local earnings by $160 million, the new report finds.
Persons: Taylor Swift, Swift Organizations: Service, California Center, Jobs, Philadelphia Locations: LA County, Philadelphia, Wall, Silicon, Los Angeles, Inglewood , Los Angeles
Known for offering little to no interest, savings account interest rates have greatly increased as the Federal Reserve raised interest rates several times in 2022 and 2023 to combat inflation. The average savings account interest rate in the US is 0.42% APY, but the account you choose has a big impact on that rate. If you opened a savings account years ago and never looked again, it's likely you're not earning nearly as much as you could. I have my own version of a savings ladder using three savings accounts: an emergency fund, a high-yield savings account, and a savings account for a down payment on a home. Products in this post: Betterment Cash Reserve Account, OceanFirst Bank High Yield Savings Account, Milli Savings Account, SoFi Checking and SavingsJennifer Streaks Senior Personal Finance Reporter and Spokesperson Jennifer is a Senior Personal Finance Reporter and Spokesperson for the Personal Finance vertical at Business Insider.
Persons: it's, aren't, Jennifer, Read Organizations: Federal Reserve, Products, OceanFirst, Business, Black Enterprise Magazine, CNBC, Forbes, Twitter Locations: Santander, Investor.gov
Taylor Swift performs onstage during the Taylor Swift | The Eras Tour at Lumen Field on July 22, 2023 in Seattle, Washington. Taylor Swift's re-release of her "1989" album is officially on its way to your ears. The multi-hyphenate musician announced on Aug. 9 during a concert at SoFi Stadium in Inglewood, California, that the next "Taylor's Version" re-recording will be of her "1989" album, which was originally released in October 2014. During the surprise song portion of the show, at 11:09 pm PT, Swift announced to the audience that she was going to re-release the "1989" album, before launching into a rendition of "New Romantics." "The 1989 album changed my life in countless ways, and it fills me with such excitement to announce that my version of it will be out October 27," she posted.
Persons: Taylor Swift, Lumen Field, Taylor Swift's, Swift Locations: Seattle , Washington, Inglewood , California
CNN —Taylor Swift capped off her sixth and final “Eras Tour” concert at Los Angeles’s SoFi Stadium on Wednesday with a big announcement that Swifties had been speculating about for weeks. She then directed attention to the large video screen where an image of the album art for “1989 (Taylor’s Version)” appeared, confirming an October release date. 1989 (Taylor’s Version) is on its way to you,” Swift wrote on Instagram Wednesday night shortly following her in-concert announcement, adding “the 1989 album changed my life in countless ways.”With each “Taylor’s Version” album, she’s included a number of previously unreleased songs coined “from the vault” tracks alongside the re-recorded originals, tracks that didn’t make the initial album’s final cut. She has since released “Taylor’s Version” albums for “Red,” “Speak Now” and “Fearless.” After “1989 (Taylor’s Version),” Swift is expected to at some point release 2018’s “Reputation” album, and her 2006 self-titled debut album “Taylor Swift.”The “Eras Tour” starts back up for the international leg on August 24 in Mexico City. “1989 (Taylor’s Version)” is due out on October 27.
Persons: CNN — Taylor Swift, Swifties, , I’ve, ” Swift, she’s, Swift, “ Taylor Swift Organizations: CNN Locations: Mexico City
Amazon, the United States' second-largest employer, will now offer fertility and family planning services to employees through a partnership with Maven Clinic. The free offering will be available to more than 1 million eligible Amazon employees spread across 50 countries outside of the U.S. and Canada. The addition of Amazon to the company's partnership portfolio means an increase of about 7% in patients under Maven's care. The continued challenges around reproductive health care in the U.S. highlights why there has been strong corporate interest in partnering with Maven. What's more, a survey by Maven revealed that 71% of companies are considering adding or have added reproductive health benefits in the wake of the decision.
Persons: Maven, Oprah Winfrey, Mindy Kaling, Natalie Portman, Reese Witherspoon, Roe, Wade Organizations: Maven Clinic, Amazon, Maven, OB, CNBC Disruptor, CVS Health Ventures, Intermountain Health's VC, Microsoft, L'Oreal Locations: United States, Canada, America, U.S
Pros Check mark icon A check mark. Accounts pay high interest rates Check mark icon A check mark. Open accounts you might not be able access outside of Raisin Check mark icon A check mark. Competitive interest rate on select CD terms Check mark icon A check mark. Accounts pay high interest rates Check mark icon A check mark.
Persons: Banks, Sallie Mae, Mae, you'll, Laura Grace Tarpley, Penny Hoarder, Laura Grace, ltarpley Organizations: Credit Union, Union, Federal Credit Union, Federal, Pacific Western Bank, Western Bank, Mint, FDIC, Chevron, Mae Bank, Reading Chevron, American Consumer Council, National Bank of America, Bank of America, Credit, Technology Credit, Landmark Credit Union, Alpena Alcona, Finance, National, Real, Insider Locations: Alpena Alcona, Michigan, NCUA, NY, East Lansing, Grand Rapids, Traverse, Alpena
Some student-loan companies are encouraging federal borrowers to refinance before the payment restart. Companies that manage private loans have started reaching out to federal borrowers, encouraging them to refinance their federal debt to get a better deal on payments. For example, SoFi — a student-loan refinancing company — sent letters to borrowers last month with a header reading, "Federal student loan forbearance is ending soon. Consumer Financial Protection Bureau Advisor to the Director Andrea Matthews told Insider in September that "the benefits to having a federal student loan have never been more tangible. Before federal payments resume in October, borrowers can enroll in the Education Department's new SAVE Plan, which is an income-driven repayment plan intended to lower monthly payments.
Persons: Joe Biden's, It's, , forbearance, Biden's, Earnest, refinancer, refinancers, Andrea Matthews, Tanya Burnett, Burnett Organizations: Service, Education Department, Public, Biden, Consumer Financial Locations: Wall, Silicon
See our picks for the best personal loans for bad credit >>Steps to get a loan with bad credit1. Get your most recent credit scoreIt's one thing to suspect you have bad credit, and another to know exactly how bad it is. Consider a credit unionCredit unions are a great option for those looking to get a loan with bad credit. Where to get a personal loan with bad creditYou can get a personal loan with bad credit from many banks, credit unions, and online lenders. How to get a loan with bad credit FAQsIs there really a way to get a loan with bad credit?
Persons: It's, it's, We've, Jamie Young, Young, Priyanka Prakash, Prakash, Nathalie Noisette, Experian, Holly Johnson, Johnson, Banks, Josh Goodwin, Eric Rosenberg, you'll Organizations: Service, you'll, Credit, Companies, Business, Goodwin Mortgage Group, National Credit Union Administration, Chevron Locations: Wall, Silicon
New York CNN —“Swifties” heading to Los Angeles to see Taylor Swift concerts this week may find a large number of staff at their hotels on strike when they get there. Some California politicians wrote to Swift this week urging her to cancel her shows in LA, which run from Thursday through August 9. The politicians said Swift’s shows would be money makers for the hotels they are battling. Irfan Khan/Los Angeles Times/Getty ImagesThe open letter addressed to Swift said, “We are writing in support of the hotel housekeepers across Los Angeles. “In Los Angeles, hotels are doubling and tripling what they charge because you are coming… but many workers cannot afford to live close to where they work.
Persons: Taylor Swift, Swift, Gov, Eleni Kounalakis, JW, Beverly Hilton, Seasons Regent Beverly Wilshire, Irfan Khan, , – CNN’s Chris Isidore Organizations: New, New York CNN, SoFi, Westin LAX, Democrat, CNN, Ritz, Carlton, JW Marriott LA, Anaheim Hilton, Seasons Regent, Hyatt Regency LAX, Los Angeles Times Locations: New York, Los Angeles, LAX, California, LA, Southern California, Orange, Fairmont Miramar, Anaheim, Los Angeles , CA
Here are Wednesday's biggest calls on Wall Street: Citi upgrades Advanced Micro Devices to buy from neutral Citi upgraded the chipmaker after its better than expected earnings report. Citi reiterates Home Depot as buy Citi said it's standing by its buy rating on the stock heading into earnings later this month. " Goldman Sachs reiterates SolarEdge as buy Goldman said it's standing by its buy rating on SolarEdge after its earnings report on Wednesday. "We maintain our Underperform rating as we remain concerned regarding the long-term prospects of the space tourism market. Needham reiterates Meta as underperform Needham said it's standing by its underperform rating on the stock.
Persons: Canaccord, Baird, Harry Sommer, BTIG, Wolfe, William Blair downgrades Bloomin, William Blair, Goldman Sachs, SolarEdge, Goldman, Bernstein, Uber, DJ Khaled, Mizuho, SoFi, SOFI, Rosenblatt, it's, Pinterest, Needham, underperform Needham Organizations: Citi, Devices, AMD, JPMorgan, Apple, Services, Oshkosh, Susquehanna, Mizuho, Bank of America, Virgin Galactic, underperform Bank of America, Meta Locations: 3Q23, Oshkosh, Norwegian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings are justifying the rally, but aren't on further gains, says Ritholtz's Josh BrownRitholtz CEO Josh Brown and SoFi's Liz Young join 'Closing Bell' to discuss their market expectations after earnings and react to Fitch's downgrading U.S. credit rating.
Persons: Ritholtz's Josh Brown, Josh Brown, SoFi's Liz Young
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Ritholtz CEO Josh Brown and SoFi's Liz YoungRitholtz CEO Josh Brown and SoFi's Liz Young join 'Closing Bell' to discuss their market expectations after earnings and react to Fitch's downgrading U.S. credit rating.
Persons: Josh Brown, SoFi's Liz Young
Taylor Swift handed out $100,000 bonuses to truckers on her tour, according to multiple reports. The singer shelled out over $55 million in bonuses to staff on the tour, People reported. The Eras tour is set to become the highest-grossing tour of all time, according to Pollstar data. Taylor Swift dished out "end of tour" bonuses to staff on her Eras tour, including about 50 truck drivers, according to multiple reports. In total, the singer handed out over $55 million in bonuses to her staff, including dancers, sound technicians, and caterers, People reported.
Persons: Taylor Swift, TMZ, Swift, Scott Swift, Taylor, Mike Scherkenbach, Insider's Juliana Kaplan, Gal, Simu Liu, Mark Zuckerberg Organizations: SoFi, Entertainment, Federal Reserve Locations: Los Angeles, South America, Asia, Europe
Swift stunned the tour’s trucking staff by giving each trucker a check in the amount of $100,000, Michael Scherkenbach, founder and CEO of Denver, Colorado-based Shomotion trucking company, told CNN. Swift gave a bonus of $100,000 to each member of Shomotion's trucking staff. So this large amount is unbelievable.”Taylor Swift performs onstage during the Taylor Swift | The Eras Tour at Lumen Field on July 22, 2023 in Seattle, Washington. To receive $100,000 is a down payment on a house or college tuition for a child, said Shomotion CEO Michael Scherkenbach. In addition to his staff, Scherkenbach said other tour crew members, including those in catering, video, audio and lighting, also received bonuses.
Persons: New York CNN — Taylor Swift, Swift, Michael Scherkenbach, Michael Scherkenbach Shomotion, , ” Taylor Swift, Taylor Swift, Lumen Field, Mat Hayward, Scherkenbach, , they’ve, doesn’t, Scott Swift, Taylor, Scott, “ Scott Organizations: New, New York CNN, CNN, Getty, SoFi Locations: New York, Denver , Colorado, Seattle , Washington, L.A
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMizuho's Dan Dolev on PayPal: For stock to work, branded checkout needs to grow in line with e-comDan Dolev, managing director at Mizuho Securities, joins 'Closing Bell' to discuss PayPal, Robinhood and SoFi ahead of the companies reporting earnings after the bell.
Persons: Dan Dolev Organizations: PayPal, Mizuho Securities, Robinhood
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market set-up looks stronger than expected, says SoFi's Liz YoungStephanie Link, Jim Lebenthal, and Liz Young join 'Halftime Report' to discuss the first trading day in August, economic acceleration led by consumer spending, and a broadening in the market.
Persons: SoFi's Liz Young Stephanie Link, Jim Lebenthal, Liz Young Organizations: Email
Morgan Stanley reiterates Tesla as equal weight Morgan Stanley said in its annual ask the interns survey that Tesla favorability fell. " Morgan Stanley reiterates PayPal as overweight Morgan Stanley said it's bullish heading into PayPal earnings on Wednesday. " Oppenheimer reiterates Target as outperform Oppenheimer said investors should buy the dip ahead of Target earnings later this month. Bank of America reiterates DraftKings as buy Bank of America is bullish heading into earnings later this week. Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating, but that the company needs an electric vehicle strategy change soon.
Persons: Baird, it's, Cantor Fitzgerald downgrades Rivian, Cantor, Morgan Stanley, Tesla, Read, RMD, PYPL, Oppenheimer, Canaccord, Estee Lauder, DraftKings, DoorDash, comps, Bernstein, Goldman Sachs, Goldman, Ford Organizations: Apple, Mercedes, Barclays, 2H23, RBC, PayPal, Citi, EL, Amazon, Bank of America, Anheuser, Busch InBev, Goldman, Meta Locations: US
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