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☆ FTX founder Sam Bankman-Fried appeals fraud conviction
▼ + stars: | 2024-09-13 | by ( Mackenzie Sigalos | ) 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 EmailFTX founder Sam Bankman-Fried appeals fraud convictionCNBC's MacKenzie Sigalos joins 'Closing Bell' to report on FTX founder Sam Bankman-Fried appealing his fraud conviction.

Persons: Sam Bankman, Fried, CNBC's MacKenzie Sigalos

☆ Trump’s social media stock explodes higher after Donald Trump says he’s not selling
▼ + stars: | 2024-09-13 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

New York CNN —Former President Donald Trump said Friday that he is not selling shares in his controversial social media company, an announcement that sent the stock prices skyrocketing. Trump and other insiders in Truth Social owner Trump Media & Technology Group will be free to sell shares as soon as next week when lock-up restrictions are set to expire. In late afternoon trading, Trump Media was up 19%. Regulatory filings indicate the lock-up period will expire as soon as the closing bell on September 19 if the closing share price remains above $12. Trump is the dominant shareholder in the Trump Media, owning 57% of the outstanding shares.

Persons: Donald Trump, Trump, ” Trump, I’m Organizations: New, New York CNN, Truth Social, Trump Media & Technology, Trump Media, Trump, White Locations: New York

☆ Interactive Brokers' Thomas Peterffy talks the possibility of betting on U.S. elections
▼ + stars: | 2024-09-13 | 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 EmailInteractive Brokers' Thomas Peterffy talks the possibility of betting on U.S. electionsThomas Peterffy, Interactive Brokers founder and chairman, joins 'Closing Bell Overtime' to talk the possibility of political betting in the United States.

Persons: Thomas Peterffy Organizations: Interactive Locations: United States

☆ Watch CNBC’s full interview with Wharton's Jeremy Siegel, Ned Davis’ Ed Clissold and Hightower’s Stephanie Link
▼ + stars: | 2024-09-13 | 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 Wharton's Jeremy Siegel, Ned Davis’ Ed Clissold and Hightower’s Stephanie LinkWharton's Jeremy Siegel, Ned Davis’ Ed Clissold and Hightower’s Stephanie Link, join 'Closing Bell' to discuss markets, the Fed and inflation.

Persons: Wharton's Jeremy Siegel, Ned Davis, Ed Clissold, Stephanie Link, Jeremy Siegel

☆ Goldman Sachs loves these 4 top European stocks — giving one 110% upside
▼ + stars: | 2024-09-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Four U.K.-listed stocks — one of which was given 110% upside — are among Goldman Sachs' European conviction list. While the S & P 500 fell by 5.85% in the first week of August, the FTSE 100, an index of the 100 largest London-listed stocks, outperformed by falling by only 2.4%. .FTSE .SPX 5Y line The investment bank said the FTSE 100 "can also provide good diversification from the concentrated and Tech-heavy S & P 500 ." The bank notes that SSE's "leading capabilities vs. peers position it well to capture this investment growth." The investment bank said the company "is at the start of a revenue acceleration" supported by increasing market share and expansion into new markets.

Persons: Goldman Sachs, Goldman, Sharon Bell, Tufan Erginbilgic, LSEG Goldman, LSEG Organizations: FTSE, SPX, Tech, BT Group, Royce, London Stock Exchange, BT, London Stock Exchange Group, Bloomberg, Microsoft Locations: British, London, United States

☆ Fmr. United Airlines CEO Oscar Munoz weighs in on impact of Boeing strike
▼ + stars: | 2024-09-13 | 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 EmailFmr. United Airlines CEO Oscar Munoz weighs in on impact of Boeing strikeOscar Munoz, Former United Airlines CEO, joins 'Closing Bell Overtime' to talk the Boeing strike and its impact on the company.

Persons: Oscar Munoz Organizations: United Airlines, Boeing, Former United Airlines CEO

☆ Stock market today: S&P 500 goes for 5-day win streak as markets look ahead to next week's Fed meeting
▼ + stars: | 2024-09-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks jumped on Friday as S&P 500 and Nasdaq 100 aimed for a five-day win streak. Investors are focused on the Federal Reserve's upcoming interest rate cut announcement next week. The Fed is expected to cut rates for the first time since 2019, with about even odds for a 25- or 50-basis point cut. Based on probabilities from the CME's FedWatch Tool, there's a 49%/51% split on whether the Fed will deliver a 50-basis point or 25-basis point interest rate cut, respectively. AdvertisementNext week's expected interest rate cut from the Fed will represent the first time the central bank has lowered rates since 2019.

Persons: —, Jerome Powell, it's, Aditya Bhave Organizations: Nasdaq, Federal, Service, Federal Reserve, Bank of America Locations: Here's

☆ We're entering a seasonal period of underperformance for Apple, says Morgan Stanley's Erik Woodring
▼ + stars: | 2024-09-13 | 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 EmailWe're entering a seasonal period of underperformance for Apple, says Morgan Stanley's Erik WoodringErik Woodring, Morgan Stanley equity research executive director, joins 'Closing Bell' to discuss Apple's iPhone 16 pre-orders and what he expects for the stock.

Persons: Morgan Stanley's Erik Woodring Erik Woodring, Morgan Stanley Organizations: Apple

☆ 2025-2028 will be big CapEx years for the hyperscalers, says Alger's Ankur Crawford
▼ + stars: | 2024-09-13 | 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 Email2025-2028 will be big CapEx years for the hyperscalers, says Alger's Ankur CrawfordAnkur Crawford, Alger executive VP, joins 'Closing Bell' to discuss her tech outlook and playbook.

Persons: Alger's Ankur Crawford Ankur Crawford, Alger

☆ Expect a mild commodity bounce between now and the election, says 3Fourteen's Warren Pies
▼ + stars: | 2024-09-13 | 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 EmailExpect a mild commodity bounce between now and the election, says 3Fourteen's Warren PiesWarren Pies, 3Fourteen Research co-founder and Bob Elliott, Unlimited CEO, joins 'Closing Bell Overtime' to talk if the Federal Reserve should cut 25 basis points or 50 basis points.

Persons: Warren, Bob Elliott Organizations: 3Fourteen Research, Federal Reserve

☆ The real economic indicators are holding at a moderate rate, says Wharton's Jeremy Siegel
▼ + stars: | 2024-09-13 | 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 EmailThe real economic indicators are holding at a moderate rate, says Wharton's Jeremy SiegelJeremy Siegel, Wharton School of Business professor, joins 'Closing Bell' to discuss markets, the Fed and inflation.

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: Wharton School of Business

☆ Opening Bell: September 13, 2024
▼ + stars: | 2024-09-13 | 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 13, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from September 12, 2024.

Organizations: New York Stock Exchange, Nasdaq

☆ Jeep CEO enacts turnaround plan after significant sales declines
▼ + stars: | 2024-09-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Nonetheless, Jeep CEO Antonio Filosa believes the brand's worst days are behind it and it's still possible to achieve the 1 million sales target. Jeep salesFilosa said Jeep, which reports sales quarterly, saw U.S. sales rise last month: They were up 28% from August 2023 and 55% from July. The New York Stock Exchange welcomes The Jeep Brand (NYSE: STLA) to the podium, on May 31, 2024. Ahead of such vehicles, Jeep has increased its media spending by 20% compared with the first half of the year, according to the automaker. 2024 Jeep Wagoneer S EV Jeep

Persons: Michael Wayland, Antonio Filosa, Filosa, Cox, Filosa's, Carlos Tavares, Stellantis, Jeep, Lynn Martin, Tavares, Bob Broderdorf, Nathan Laine Organizations: CNBC DETROIT, Jeep, Cherokee, Cox Automotive, CNBC, Council, New York Stock Exchange, Brand, NYSE Group, NYSE, Fiat Chrysler, France's PSA Groupe, Paris, Bloomberg, Getty, U.S, EV Locations: U.S, American

☆ Stocks making the biggest moves premarket: Boeing, Oracle, Moderna and more
▼ + stars: | 2024-09-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Boeing — The stock sank 4% after Boeing factory workers went on strike early Friday after rejecting a new labor contract. Oracle — Shares of the database software company rallied more than 6%. Oracle lifted its fiscal 2026 revenue forecast and shared strong guidance for the 2029 fiscal year. RH — Shares of the home furnishings retailer surged 21% after a stronger-than-expected second quarter. Adobe — Shares sank more than 8% after the company issued softer-than-expected guidance for the current quarter.

Persons: Max, Kevin Clark, — CNBC's Michelle Fox, Lisa Han, Sarah Min, Jesse Pound Organizations: Boeing, Oracle —, Oracle, Moderna —, JPMorgan, —, Adobe —, Adobe, Aptiv, U.S . Securities, Exchange Commission, AstraZeneca —, Deutsche Bank

☆ Stock market today: S&P 500 notches 5-day streak of gains ahead of next week's Fed meeting
▼ + stars: | 2024-09-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The S&P 500, Nasdaq 100, and Dow Jones all posted gains amid rate cut speculation. Odds of a 50 basis point cut rose sharply this week from about 30% to 49%. The S&P 500 and Nasdaq 100 notched a five-day win streak, while the Dow Jones Industrial Average surged almost 300 points. Odds are split 49% / 51% for a 50 basis point or 25 basis point rate cut, respectively. Advertisement"A less aggressive Fed rate outlook could spark some volatility given market expectations," Adam said.

Persons: Dow Jones, —, Raymond James, Larry Adam, Adam Organizations: Nasdaq, Service, Federal Reserve, Dow Jones, Dow, Open, Fed, Markets

☆ Watch CNBC’s full interview with Solus' Dan Greenhaus, Virtus’ Joe Terranova and Wealth Enhancement’s Ayako Yoshioka
▼ + stars: | 2024-09-12 | 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 Solus' Dan Greenhaus, Virtus’ Joe Terranova and Wealth Enhancement’s Ayako YoshiokaSolus' Dan Greenhaus, Virtus’ Joe Terranova and Wealth Enhancement’s Ayako Yoshioka, join 'Closing Bell' to discuss markets, the rebound's staying power and their Fed outlook.

Persons: Solus, Dan Greenhaus, Virtus ’ Joe Terranova Organizations: Virtus ’

☆ Adobe CEO Shantanu Narayen: 'We had a very strong Q3 across all aspects of the business'
▼ + stars: | 2024-09-12 | 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 EmailAdobe CEO Shantanu Narayen: 'We had a very strong Q3 across all aspects of the business'Shantanu Narayen, Adobe CEO, joins 'Closing Bell Overtime' talk quarterly results, AI integration into its software, and more.

Persons: Shantanu Narayen Organizations: Adobe

☆ It's become more difficult to predict the Fed's next move, says Solus' Dan Greenhaus
▼ + stars: | 2024-09-12 | 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 EmailIt's become more difficult to predict the Fed's next move, says Solus' Dan GreenhausDan Greenhaus, Solus Alternative Asset Management chief strategist, joins 'Closing Bell' to discuss markets, the rebound's staying power and his Fed outlook.

Persons: Solus, Dan Greenhaus Dan Greenhaus Organizations: Asset Management

☆ Sports are now the best investment a media company can make, says PLL's Paul Rabil
▼ + stars: | 2024-09-12 | 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 EmailSports are now the best investment a media company can make, says PLL's Paul RabilPaul Rabil, Premier Lacrosse League co-founder and president, joins 'Closing Bell' to discuss the lacrosse championship weekend, return to the olympics and media's investment.

Persons: PLL's Paul Rabil Paul Rabil Organizations: Sports, Premier Lacrosse League

☆ Position for higher volatility ahead of election, says Bank of America's Jill Carey Hall
▼ + stars: | 2024-09-12 | 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 EmailPosition for higher volatility ahead of election, says Bank of America's Jill Carey HallJill Carey Hall, Bank of America, and Omar Aguilar, Schwab Asset Management CEO, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: America's Jill Carey, Jill Carey, Omar Aguilar Organizations: America's, Jill Carey Hall , Bank of America, Schwab Asset Management

☆ Stock market today: Indexes rise as investors assess producer inflation and jobless claims data
▼ + stars: | 2024-09-12 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

Indexes rose Thursday as investors digested new inflation and labor market data. Jobless claims last week rose slightly following two weeks of consecutive declines. The producer price index logged a 0.2% monthly rise, in-line with expectations. In the second inflation reading of the week, the producer price index rose 0.2% from July to August, in line with expectations. This corner of the stock market is set to outperform once the Fed starts cutting interest rates, Goldman Sachs says.

Persons: —, Harris, Ed Yardeni, Goldman Sachs Organizations: Service, Federal Reserve, Labor Department, Here's, Trump

☆ Nvidia still has legs and room to run, says Bernstein's Stacy Rasgon
▼ + stars: | 2024-09-12 | 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 EmailNvidia still has legs and room to run, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein Research chip analyst, joins 'Closing Bell' to discuss Nvidia as the stock began to rally this week after having a slight pullback.

Persons: Bernstein's Stacy Rasgon Stacy Rasgon Organizations: Nvidia, Bernstein Research

☆ Oracle bumps up fiscal 2026 revenue forecast, lifting stock 6%
▼ + stars: | 2024-09-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Oracle shares rose about 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue guidance and issued a heady forecast for the 2029 fiscal year. At an analyst meeting coinciding with the Oracle CloudWorld conference in Las Vegas, the company said it now sees at least $66 billion in fiscal 2026 revenue. She pointed to partnerships that will allow companies to use Oracle database software through top-tier cloud providers Amazon , Google and Microsoft . The company's cloud infrastructure revenue grew 45% in the most recent quarter, a quicker pace than at Amazon, Google or Microsoft. As Oracle plans to expand revenue, Catz said she expects capital expenditures to double in the current 2025 fiscal year.

Persons: Safra Catz, LSEG, Catz, Alex Zukin Organizations: Oracle Corp, New York Stock Exchange, Oracle, Google, Microsoft, Nvidia Locations: New York, Las Vegas

☆ Mortgage refinancing boom is already happening, says United Wholesale Mortgage CEO
▼ + stars: | 2024-09-12 | 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 EmailMortgage refinancing boom is already happening, says United Wholesale Mortgage CEOMat Ishbia, United Wholesale Mortgage CEO and Phoenix Suns owner, joins 'Closing Bell Overtime' to talk if a wave of mortgage refinancing is on the horizon if the Federal Reserve cuts interest rates.

Persons: Mat Ishbia Organizations: United Wholesale Mortgage, Phoenix Suns, Federal Reserve

☆ Stocks making the biggest moves premarket: Moderna, Alaska Air, Oxford Industries and more
▼ + stars: | 2024-09-12 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell: Alaska Air Group — Shares gained 5% after Alaska Air Group raised its third-quarter outlook, citing strong summer demand. The airline guided for per-share earnings in the range of $2.15 and $2.25, greater than prior guidance of $1.40 to $1.60 earnings per share. Moderna — Shares shed more than 6% after the drugmaker announced plans to slash expenses by $1.1 billion by 2027. Oxford Industries — Shares dropped 10% after the clothing company behind Tommy Bahama posted second-quarter figures that missed expectations. Oxford Industries posted adjusted earnings of $2.77 per share, lower than the FactSet consensus estimate of $3 earnings per share.

Persons: Moderna, Tommy Bahama, Kroger —, —, Alex Harring, Hakyung Kim, Jesse Pound, Samantha Subin Organizations: Alaska Air Group —, Alaska Air Group, Oxford Industries, Interpublic, Companies, UBS, U.S, Bancorp, U.S . Bancorp, Kroger, Diageo, Bank of America Locations: U.S

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