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☆ Britain's ultra-wealthy are threatening to exit en masse ahead of proposed tax changes
▼ + stars: | 2024-09-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +9 min

They're just a few of the destinations trying to lure away the U.K.'s uber wealthy ahead of proposed changes to the country's divisive non-dom tax regime. They will also be prevented from avoiding inheritance tax on assets held in trust. The majority (83%) cited inheritance tax on their worldwide assets as their key motivator for leaving, while 65% also referenced changes to income and capital gains tax. Where the wealthy are movingIt comes as other countries are shaking up their tax regimes to incentivize wealthy investors. Ultra-wealthy U.K. citizens, who are typically highly active in the super-prime market, are also in "wait and see" mode ahead of possible changes to capital gains and inheritance tax.

Persons: Keir Starmer, Rachel Reeves, Macleod, Miller, they'll, Leslie Macleod, Helena Moyas de Forton, Moyas de Forton, Labour's, Alexander Spatari, I'm, Marcus Meijer, Mark, CNBC's, it's, James Myers, Oliver James, Myers, Knight Frank, Stuart Bailey, Knight Frank's, they're, Bailey Organizations: Old Bond, Pawel, Bank, Getty, Labour, Oxford Economics, Conservative, Investors, Britain, CNBC, Treasury, EMEA, Christie's, Estate, Henley & Partners, Monaco, London, Istock Locations: Old, Mayfair, London, United Kingdom, Monaco, Italy, Switzerland, Dubai, They're, Britain, Greece, Malta, Caribbean, Bahamas, Monte Carlo, Gibraltar, South Kensington, England

☆ A poker player turned trader up 253% this year details how he picks which stocks to target — and the event-driven strategy he uses to maximize gains
▼ + stars: | 2024-09-20 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

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

☆ Nonalcoholic drinks: Some experts are calling for age restrictions on sales
▼ + stars: | 2024-09-20 | by ( Brenda Goodman | ) edition.cnn.com time to read: +7 min

The market for nonalcoholic drinks has been growing as more people — notably younger adults — look to cut their alcohol use. Bowdring says there’s emerging evidence that nonalcoholic beverages may prime kids to switch to the real thing. Surveys of elementary, middle and high school students in Japan, where the legal drinking age is 20, found that 20% to 30% said they were drinking nonalcoholic beverages. So minors in those states can buy nonalcoholic drinks but not those with low levels of alcohol. For minors, there’s no benefit in consuming nonalcoholic drinks, and there is some evidence of potential harm, she said — which is why she thinks states need to step in to curb sales.

Persons: ”, Molly Bowdring, Kristen Bell, Kelly Clarkson’s, “, Bowdring, who’d, Leon Booth, ” Booth, ” Lisa Hawkins, Busch, officiais, Dr, Sanjay Gupta, there’s Organizations: CNN, Stanford Prevention Research, George Institute for Global Health, Budweiser, “ Anheuser, Beer, Constellation Brands, District of Columbia, Get CNN, CNN Health Locations: Corona, Japan, Taiwan, Australia, New South Wales, Georgia, Idaho, Florida, Kansas

☆ Watch CNBC's full interview with iPhone co-inventor Tony Fadell
▼ + stars: | 2024-09-20 | 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 CNBC's full interview with iPhone co-inventor Tony FadellTony Fadell, Fmr. Apple Executive, joins 'Closing Bell Overtime' to talk the release of the iPhone 16, the state of AI, and more.

Persons: Tony Fadell Tony Fadell Organizations: iPhone, Apple Executive

☆ Stocks making the biggest moves premarket: FedEx, Chewy, Trump Media and more
▼ + stars: | 2024-09-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

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

☆ Fed's rate cut may spark a 'melt-up,' says president of Yardeni Research
▼ + stars: | 2024-09-20 | 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 EmailFed's rate cut may spark a 'melt-up,' says president of Yardeni ResearchEdward Yardeni, president of Yardeni Research, joins ‘Closing Bell’ to discuss warning signs of a melt-up, the markets' response to Wednesday's rate cut, and more.

Persons: Edward Yardeni, Bell Organizations: Yardeni

☆ Goldman Sachs' Naison-Tarajano: Rate cut was 'a bit of a hedge' for the economy
▼ + stars: | 2024-09-20 | 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 EmailGoldman Sachs' Naison-Tarajano: Rate cut was 'a bit of a hedge' for the economySara Naison-Tarajano, Goldman Sachs Private Wealth global head of capital markets, joins CNBC's 'Closing Bell' to discuss reactions to the Fed's rate cut decision, market outlooks, and more.

Persons: Goldman Sachs, Sara Naison, Goldman Organizations: Wealth Locations: Goldman Sachs

☆ Opening Bell: September 20, 2024
▼ + stars: | 2024-09-20 | 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 EmailOpening Bell: September 20, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from September 20, 2024.

Organizations: New York Stock Exchange, Nasdaq

☆ Report: Qualcomm has approached Intel about a takeover
▼ + 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 EmailReport: Qualcomm has approached Intel about a takeoverCNBC's Jon Fort joins 'Closing Bell' with some breaking news about Qualcomm and Intel.

Persons: Jon Fort Organizations: Qualcomm, Intel

☆ AI will start changing and personalizing applications based on usage: iPhone co-inventor Tony Fadell
▼ + 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 EmailAI will start changing and personalizing applications based on usage: iPhone co-inventor Tony FadellTony Fadell, Fmr. Apple Executive and Nest founder, joins 'Closing Bell Overtime' to talk the release of the iPhone 16, the state of AI, and more.

Persons: Tony Fadell Tony Fadell Organizations: Apple

☆ Intel shares climb after reports Qualcomm approached Intel about a takeover
▼ + 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 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

ANN ARBOR, Mich. — Battleground state election officials from both parties are pushing back against a falsehood that has proven pervasive ahead of the 2024 reaction: that noncitizens are voting in widespread numbers. The comments came as former President Donald Trump and his GOP allies have talked up efforts to crack down on noncitizens voting, which is already illegal. Maricopa County has sued seeking clarity on whether those voters can vote in state and local elections this fall. Republicans at the national and state level have fueled unfounded noncitizen voting claims in the run-up to this year's presidential election. Election officials said Thursday they were taking steps to debunk conspiracy theories ahead of the 2024 election.

Persons: Donald Trump, “, ”, Al Schmidt, Schmidt, they’re, Jocelyn Benson, Benson, ” Benson, —, Bob Bauer, Ben Ginsberg, Brad Raffensperger, ” Raffensperger, we’re, Mike Johnson, Ken Paxton, they're, it's, Karen Brinson Bell, It's, Stephen Richer, Katie Hobbs, Richer, Kim Pytleski Organizations: GOP, Department of Transportation, The, Republican, Republicans, Texas, Arizona Gov Locations: Mich, —, Pennsylvania, Philadelphia, Michigan, American, Arizona, Maricopa County, Georgia, Oconto County , Wisconsin

☆ Trump Media shares slide with DJT sale restrictions set to lift
▼ + stars: | 2024-09-19 | by ( Kevin Breuninger | ) www.nbcnews.com time to read: +1 min

Shares of Trump Media fell at the opening bell Thursday, with just hours to go until former President Donald Trump is expected to be able to start selling his nearly $2 billion stake. The company, which owns social media platform Truth Social and trades as DJT on the Nasdaq, was down 5% at the market open. Trump Media has acknowledged in regulatory filings that the end of the lockup could spur large sales of the company’s stock, and even the market’s perception of a sell-off could drive down DJT’s stock price. The company’s fortunes are tied up with those of Trump, whose use of Truth Social makes him a main draw to the platform. After soaring in its public trading debut, Trump Media has suffered a monthlong stock slump that has coincided with Trump’s tumultuous presidential campaign against Democratic nominee Kamala Harris.

Persons: Donald Trump, Trump, Kamala Harris Organizations: Trump Media, Nasdaq, Trump, Republican, Democratic

☆ Over half of the Air Force's Osprey fleet has been cleared to fly after a deadly crash prompted a military-wide grounding
▼ + stars: | 2024-09-19 | by ( Thomas Novelly | ) www.businessinsider.com time to read: +7 min

The news comes less than a year after a deadly November CV-22 Osprey crash in Japan that claimed the lives of eight airmen. AdvertisementJapan Ground Self-Defense Forces soldiers disembark from a V-22 Osprey aircraft. Debris believed to be from a US military Osprey aircraft is seen in waters off the coast of Yakushima Island. The cause of the Japan crash was determined to be the fracturing of a high-speed planetary pinion gear in the aircraft's prop rotor gearbox. US Air Force photo/Senior Airman Christopher CallawayThe Gundam 22 crew did press on after the chip burn lights and did not violate their training.

Persons: —, Michael Conley, that's, We've, Conley, YUICHI YAMAZAKI, Military.com, Jeffrey Hoernemann, Eric Spendlove, Luke Unrath, Terrell Brayman, Zachary Lavoy, Jake Turnage, Brian Johnson, Jake Galliher, Carl Chebi, NAVAIR, we've, Bell, Christopher Callaway, AFSOC, Amber Sax, John Sax, Sax, Konstantin Toropin Organizations: Service, Special, Command, Air, Space Force Association, Business, Defense Forces, Getty, Naval Air Systems Command, Program, Ospreys, Air Force, Osprey, Japan Coast Guard, AP, Air Force Special Operations Command, Tech, Staff, Pentagon, Bell, Boeing, US Air Force, Gundam, Marine Corps Locations: Washington, Japan, Yakushima Island, California

☆ 'Good news actually means good news' in this market, says Guggenheim's Eric Mandl
▼ + stars: | 2024-09-19 | 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 Email'Good news actually means good news' in this market, says Guggenheim's Eric MandlEric Mandl, Guggenheim senior managing director, joins 'Closing Bell Overtime' to talk what the Fed rate cuts mean for M&A activity.

Persons: Eric Mandl Eric Mandl Organizations: Guggenheim

☆ Trump Media hits new post-merger low as DJT sale restrictions set to lift
▼ + stars: | 2024-09-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former U.S. President and current Republican Presidential nominee Donald Trump speaks about the economy, inflation, and manufacturing during a campaign event at Alro Steel on August 29, 2024 in Potterville, Michigan. Trump, the Republican presidential nominee, owns nearly 57% of DJT's outstanding shares. Shares of Trump Media fell to a new post-merger low Thursday, the day that former President Donald Trump is expected to be able to start selling his nearly $2 billion stake in the owner of social media platform Truth Social . The company's fortunes are tied up with those of Trump, whose use of Truth Social makes him a main draw to the platform. Its revenue depends entirely on ad sales, but its lone product, Truth Social, generates just a fraction of the user base of more established social media sites.

Persons: Donald Trump, Trump, Kamala Harris Organizations: U.S, Alro Steel, Trump, Republican, Nasdaq, Trump Media, Democratic Locations: Potterville , Michigan

☆ Wedbush's McCanless on targets for the housing sector in 2025
▼ + stars: | 2024-09-19 | 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 EmailWedbush's McCanless on targets for the housing sector in 2025Jay McCanless, Wedbush SVP of equity research, joins 'Closing Bell' to discuss where industry-wide homebuilding volume will go from here, homebuilder stock performance, and much more.

Persons: Jay McCanless Locations: Wedbush

☆ Morgan Stanley’s Sherry Paul on navigating the markets after the Fed's rate cut
▼ + stars: | 2024-09-19 | 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 EmailMorgan Stanley’s Sherry Paul on navigating the markets after the Fed's rate cutSherry Paul, Morgan Stanley Private Wealth Management managing director, joins ‘Closing Bell’ to discuss Morgan Stanley's rate cut playbook, recession fears, and more.

Persons: Morgan Stanley’s Sherry Paul, Sherry Paul, Morgan Stanley, Bell, Morgan Organizations: Morgan Stanley Private Wealth Management

☆ Marketing is the 'biggest use case' for AI tools, says HubSpot CEO Yamini Rangan
▼ + stars: | 2024-09-19 | 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 EmailMarketing is the 'biggest use case' for AI tools, says HubSpot CEO Yamini RanganYamini Rangan, HubSpot CEO, joins 'Closing Bell Overtime' to talk AI integration, competition in the space and more.

Persons: Yamini Rangan

☆ We're trimming a bank stock on a post-Fed pop and still considering swapping it for another
▼ + stars: | 2024-09-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

The S & P 500 gave up post-Fed gains Wednesday and closed modestly lower. Morgan Stanley should have a decent pop when trading opens because lower interest rates should boost parts of its business , including investment banking. MS YTD mountain Morgan Stanley YTD We thought Morgan Stanley's share price was too low to sell when we held our September Monthly Meeting last week. Based on premarket prices, Morgan Stanley shares were hovering around $101, representing a much better level to take some off. One more factor behind our trim is that the S & P Short Range Oscillator remained in overbought territory after Wednesday's close.

Persons: Morgan Stanley, Jim Cramer's, Stocks, Morgan Stanley's, Goldman Sachs, Morgan Stanley YTD, We'll, Jim Cramer, Jim Organizations: Federal Reserve, CNBC

☆ FedEx earnings will show the success of the company's restructuring, says TD Cowen's Jason Seidl
▼ + stars: | 2024-09-19 | 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 EmailFedEx earnings will show the success of the company's restructuring, says TD Cowen's Jason SeidlTD Cowen senior analyst Jason Seidl joins 'Closing Bell' to discuss his expectations for FedEx earnings, why he is picking FedEx over UPS, and more.

Persons: Jason Seidl, Cowen Organizations: FedEx, UPS

☆ Investors eyeing financial shares and transports as beneficiaries of the Fed rate cut
▼ + stars: | 2024-09-19 | 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. Worldwide Exchange airs at 5 a.m. Worldwide Exchange Word of the Day: "Dissent" Jay Woods of Freedom Capital Markets said he's paying close attention to Fed Governor Michelle Bowman becoming the first dissenting Fed Governor since 2005. "I think this is the return of the cyclical trade," said Shah on Worldwide Exchange. Worldwide Exchange Pick: FedEx and Transports FedEx reports after the bell Thursday.

Persons: Jay Woods, Michelle Bowman, Seema Shah, Woods Organizations: Pro, Worldwide, Federal Reserve, Freedom Capital Markets, Management, FedEx, Transports FedEx, Dow

☆ Stock market today: Dow surges 462 points as stocks rally after jumbo Fed rate cut
▼ + stars: | 2024-09-19 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes rallied Thursday as investors continue to digest Wednesday's jumbo rate cut from the Fed. The Fed cut rates by 50 basis points in its first rate cut in over four years. AdvertisementUS stocks soared on Thursday in a late reaction to the Federal Reserve's jumbo interest rate cut. On Wednesday, the Fed issued its first interest rate cut since 2020, cutting its benchmark rate by 50 basis points. Bank of America analysts said after the meeting that they see 75 basis points of cuts in the fourth quarter and 125 basis points next year.

Persons: —, Jerome Powell's, Dow, today's 50bp, Goldman Sachs, Powell, Gen Z's Organizations: Fed, Service, Federal, Nasdaq, Bank of America, Labor Department, SEC

☆ PRO: Watch CNBC's full discussion with the 'Closing Bell' market panel
▼ + stars: | 2024-09-19 | 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 EmailPRO: Watch CNBC's full discussion with the 'Closing Bell' market panelCameron Dawson, New Edge Wealth, Courtney Garcia, Payne Capital Management, and Joe Terranova, Virtus Investment Partners, join 'Closing Bell' to discuss the latest news affecting markets.

Persons: Cameron Dawson, Courtney Garcia, Joe Terranova Organizations: New Edge, Payne Capital Management, Virtus Investment Partners

☆ Dow and S&P 500 notch record closes, Meta and Netflix at record highs
▼ + stars: | 2024-09-19 | 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 EmailDow and S&P 500 notch record closes, Meta and Netflix at record highsRyan Detrick, Carson Group chief market strategist, and Brook May, Evans May Wealth managing partner, join 'Closing Bell Overtime' to talk the day's record market action.

Persons: Ryan Detrick, Evans Organizations: Dow, Meta, Netflix, Carson Group, Wealth

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