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Trump Media & Technology Group — Shares of President-elect Donald Trump's media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The company saw $162 million in revenue, topping the consensus expectation for $150 million. Analysts polled by FactSet penciled in 43 cents in earnings per share and $1.91 billion in revenue. Affirm lost an adjusted 31 cents per share, narrower than the consensus forecast of 35 cents, according to LSEG. Bath & Body Works — The fragrance retailer slid 2.7% in the wake of a Barclays downgrade to underweight from equal weight.
Persons: Donald Trump's, platform's, DraftKings, Sweetgreen, LSEG, Toast, StreetAccount penciling, Versace, Michael Kors, FactSet, BioNTech, Goldman Sachs, Goldman, — CNBC's Sean Conlon, Yun Li, Pia Singh, Samantha Subin Organizations: Trump Media & Technology, LSEG, Arista Networks, Arista, Capri Holdings, Capri, Beverage, Revenue, Barclays Locations: LSEG, BioNTech —
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree buys and a bail: Walmart, Goldman Sachs, Energy Transfer, and First SolarVictoria Greene, G Squared Private Wealth founding partner and CIO, joins CNBC's 'The Exchange' to discuss four stocks: Walmart, Goldman Sachs, Energy Transfer, and First Solar.
Persons: Goldman Sachs, Victoria Greene Organizations: Walmart, Energy, Private Wealth
Fires at DHL warehouses this year may have been part of Russian sabotage operations, officials have said. AdvertisementSuspected Russian sabotage activities targeting the air freight industry have been on the rise this year, and the industry is preparing for further action. Speaking a few months after the DHL fires, the chief of the UK's MI6 intelligence service, Richard Moore, said he believed Russian intelligence services had "gone a bit feral." AdvertisementKremlin Spokesman Dmitry Peskov has denied Russia's involvement in sabotage operations in Europe. The Federal Office for the Protection of the Constitution, Germany's domestic intelligence services, and the BND declined to comment further.
Persons: , Brandon Fried, Fried, Thomas Haldenwang, Haldenwang, Frank Umbach, Umbach, Richard Moore, Shashank Joshi, Joshi, Dmitry Peskov, KIRILL KUDRYAVTSEV, Keir Giles, Giles, that's Organizations: DHL, Service, Airforwarders Association, Street Journal, Financial, Energy, Security, University of Bonn, Rheinmetall, Royal United Services Institute, NATO, Military Counterintelligence Service, Federal Office, Getty Images, Chatham House's, Eurasia Program Locations: Europe, Russia, Moscow, Germany, America, Leipzig, Birmingham, Lithuania, North America, Russian, Ukraine, AFP, Chatham House's Russia
Fires at DHL warehouses this year may have been part of Russian sabotage operations, officials have said. AdvertisementSuspected Russian sabotage activities targeting the air freight industry have been on the rise this year, and the industry is preparing for further action. Speaking a few months after the DHL fires, the chief of the UK's MI6 intelligence service, Richard Moore, said he believed Russian intelligence services had "gone a bit feral." AdvertisementKremlin Spokesman Dmitry Peskov has denied Russia's involvement in sabotage operations in Europe. The Federal Office for the Protection of the Constitution, Germany's domestic intelligence services, and the BND declined to comment further.
Persons: , Brandon Fried, Fried, Thomas Haldenwang, Haldenwang, Frank Umbach, Umbach, Richard Moore, Shashank Joshi, Joshi, Dmitry Peskov, KIRILL KUDRYAVTSEV, Keir Giles, Giles, that's Organizations: DHL, Service, Airforwarders Association, Street Journal, Financial, Energy, Security, University of Bonn, Rheinmetall, Royal United Services Institute, NATO, Military Counterintelligence Service, Federal Office, Getty Images, Chatham House's, Eurasia Program Locations: Europe, Russia, Moscow, Germany, America, Leipzig, Birmingham, Lithuania, North America, Russian, Ukraine, AFP, Chatham House's Russia
He finds it easier to date older women now but is also content to be alone. He says dating older women means there's no pressure to talk about having children. It wasn't necessarily a conscious decision, but several influences probably contributed to my never having children with the women I dated. It's not just the idea of having kids I've let go as I have gotten older — I also no longer feel forced to have a serious relationship. But now that I'm decidedly not having children and my age has eased, the pressure to be in a relationship has eased.
Persons: Brian Gross, , I've, I'm, didn't, It's, it's Organizations: Service Locations: Angeles
Watch CNBC's full interview with Sunnova CEO John Berger
  + stars: | 2024-11-08 | 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 Sunnova CEO John BergerJohn Berger, Sunnova CEO, joins 'Closing Bell Overtime' to talk the impact of the upcoming Trump administration on solar energy.
Persons: John Berger John Berger, Trump
An NBC News poll at that time showed that at least 20% of Black men would support Trump — an alarming number for Democrats. Harris introduced an Opportunity Agenda for Black Men, outlining what her administration would do to support that voting constituency that seemed movable. But that effort was one of the few that addressed Black men directly, he added. Black men younger than 30 and older than 65 were the most likely to support Harris at 78% and 87%, respectively. We must avoid casting Black men as scapegoats and saviors.”Jones added that the numbers should be considered with nuance.
Persons: Donald Trump, Joe Biden’s, Kamala Harris, Harris, Alvin Tillery, , ” Tillery, Tillery, , Black, ” Darius Jones, ” Jones, Trump, ” Marcus Hans, Harris ’, ” Hans, ” Harris, NFL standouts Antonio Brown, Le’Veon Bell, Kamala ’ isn’t Organizations: NBC, Trump, Biden, Northwestern University, PAC, For Black Equity, Black, NBC News, National Empowerment, Action Fund, Democratic Party, Democrats, Howard University, NFL Locations: Tuesday’s
From AI healthcare solutions to groundbreaking mobility and cybersecurity tech, GITEX GLOBAL 2024 showcased innovations and industry shifts set to shape the future digital landscape. Hassan Alnaqbi, CEO of Khazna Data Centers, joins a panel discussion at GITEX GLOBAL 2024. Xpeng Aeroht's flying car prototype and Zapata's Airscooter on display at GITEX GLOBAL 2024. Confronting global challengesWith global cybercrime damage projected to hit $10.5 trillion annually by 2025, cybersecurity was a hot topic at GITEX GLOBAL 2024. Find out more about GITEX GLOBAL 2024 here.
Persons: GITEX, Hassan Alnaqbi, Denis Ledenkof, Robosculptor, , Shameer Khader, Salahaldeen AlMarzooqi, cybersecurity, Cybersecurity, Mohamed Al Kuwaiti, , ” Todd Conklin, Siyuan Liu, Peng Xiao Organizations: Dubai World Trade, Khazna Data, GITEX, Oracle Health, Precision Medicine, Sanofi, Mobility, Transport Authority, Metro, Department, RTA, UAE Government, UAE, US Department of, Treasury, IoT, Strategy, Nissan Hyper Force Locations: cybersecurity, China
A look at the factors that led Donald Trump to victory and Kamala Harris to an election loss. A fast-growing wildfire spreads in California. How Trump won and Harris lost the electionThe analysis of President-elect Donald Trump's victory over Vice President Kamala Harris began before Election Day had ended. But Donald Trump’s presidential election victory injects new uncertainty into what happens long-term. Fast-moving wildfire tears through California communityA wildfire in Southern California quickly grew to over 14,000 acres, sending firefighters rushing to get residents out of homes and to safety, officials said.
Persons: Donald Trump, Kamala Harris, Trump, Harris, Donald Trump's, Joe Biden, , Biden, Donald Trump’s, Trevor Johnson, Johnson, Ryan Sun, Steve Ballmer's, they’re, — Andrew Greif, Elizabeth Robinson Organizations: NBA, Trump, Republicans, Howard University, Biden, Republican, NBC, , Federal, Wall, “ Firefighters, Intuit, Los Angeles Clippers, Phoenix Suns, Steve Ballmer's Los Angeles Clippers Locations: California, Southern California, Ventura County, Santa Ana, Moorpark, Inglewood , California
Market moves: The stock market tacked on some additional gains after the Federal Reserve on Thursday afternoon cut interest rates by 25 basis points. Bond yields, which move inversely to bond prices, have been on the rise since the Fed cut rates in September. Stick to discipline: The stock market especially liked the idea of a pro-business environment and de-regulation expected in the future Trump administration. It's not surprising to see Wells Fargo down 3% after the Club stock surged more than 13% on Wednesday. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Thursday's, Jerome Powell, hasn't, Bond, Donald Trump, Trump, industrials, It's, Wells, Mogan Stanley, Morgan Stanley, Bloomin, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, Fed, Treasury, Bond, NBC News, Club, DraftKings, Arista Networks, Azon Enterprise, Trade, Baxter International, NRG Energy, Jim Cramer's Charitable Locations: Wells Fargo, Wells
Wondering what stocks might do well the rest of this year as America awaits Donald Trump take office for a second time in January? Others were high-beta growth stocks that can ride a broad market rally and benefit from corporate tax rates. Most analysts surveyed by LSEG hold buy ratings, but they expect KeyCorp shares to slide by more than 5% after their rally this year. Between Nov. 7 and the end of that year, KeyCorp shares ran up more than 25%. CarMax is a cyclical stock that should benefit from both deregulation and the rising tide for high-beta stocks.
Persons: Donald Trump, , Ebrahim Poonawala, financials, Poonawala, Bernstein, Bob Brackett, there's, Citigroup's Andrew Kaplowitz, Kaplowitz, Wednesday's, LSEG, Keycorp, Keith Horowitz, KeyCorp, CarMax Organizations: CNBC, Trump, White, Bank of America, Energy, Dow, Targa Resources, Citigroup Locations: Cleveland
The firm said it sees the S & P 500 soaring to 6,600 by the end of June 2025. Already, Trump's win has spurred a huge stock market rally, with the S & P 500 soaring 2.5% on Wednesday to notch its best postelection day in history. Since 1932, the S & P 500 has averaged a 152% gain over 50 months during bull runs. The strategist listed several stocks Evercore thinks could benefit from a Trump win, and some that could outperform even further from a red sweep. Trump's win "could bring more favorable regulatory environment — and WFC is one of the most regulatory-impacted names given outstanding asset cap," the firm said.
Persons: Donald Trump's, It's, Dow, Julian Emanuel, Elect Trump, Emanuel, Goldman Sachs, Evercore, Tesla, Elon Musk Organizations: ISI, Trump, GOP, Goldman, Palo Alto Networks, Israel, Exxon Mobil, Halliburton Locations: Wells, Wednesday's, Wells Fargo, China, Israel, Russia, Ukraine, cyberattacks
Donald Trump has previously said he could end the war in Ukraine in a day, but never detailed how. Trump's advisors have reportedly set out plans, including setting up a demilitarized zone. AdvertisementDonald Trump is the new US president-elect — and his advisors are laying out plans on how to end the war in Ukraine, according to The Wall Street Journal. Under that plan, Ukraine would also pledge not to join NATO for at least 20 years in exchange for continued US weapons deliveries, they said. Trump has repeatedly said he could end the war in Ukraine within 24 hours by forcing Russia and Ukraine to negotiate a peace deal — but has never detailed how he would go about it.
Persons: Donald Trump, , JD Vance, Shawn Ryan, Vance, Trump, Vladimir Putin, Volodymyr Zelenskyy, Joe Biden's, Keith Kellogg, Fred Fleitz, Fleitz, Putin doesn't, Steven Cheung, Donald Trump's, didn't, Kurt Volker, Putin, Volker Organizations: Street Journal, Trump, Service, Wall Street, NATO, UN, Ukraine wouldn't, Kyiv, National Security, Reuters, Fox News, of America, Kyiv Independent Locations: Ukraine, Trump, Russia, Russian, Germany, Mar, Lago , Florida
CNBC Daily Open: The Trump rally begins
  + stars: | 2024-11-07 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. However, solar stocks tanked on fears that Trump would slash tax credits for solar energy. The Trump rally, in short, has begun. To be sure, yesterday's frenzy could have been a relief rally as much as a Trump rally. For now, however, the Trump rally is lighting up the markets.
Persons: Donald Trum, Russell, Trump's, Trump, Elon Musk, Donald Trump, Kamala Harris, Donald Trump's, Marc Pinto, Janus Henderson, Tesla, Edward Jones, Angelo Kourkafas, Yung, Yu Ma, Jesse Pound, Scott Schnipper, Alex Harring, Yun Li Organizations: Republican, Nevada GOP, CNBC, Democratic, NBC News, U.S, Janus, Janus Henderson Investors, Trump, Bank, General Motors, Ford, EV, Dow Jones, Nasdaq, BMO Wealth Management Locations: Florida, Nevada, Las Vegas , Nevada, U.S, United States
Upcoming Fed rate cut and holiday season may sustain market momentum, Tuchman predicts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Markets reacted strongly to former President Donald Trump's victory over Vice President Kamala Harris in Tuesday's election. He then realized that the strong trend could be held up by more than just election results.
Persons: Tuchman, , Peter Tuchman, who's, Donald Trump's, Kamala Harris, Dow Jones, you've, Tuchman didn't, that's, there's Organizations: Dow, Service, New York Stock Exchange, Markets, AMD, Nvidia Locations: Tuesday's, Santa Claus
Global trade changed considerably over the past four years — benefiting India — as President Joe Biden retained much of Trump's tariffs on China. EnergyOn the one hand, analysts expect Indian interests to be aligned with those of the United States regarding oil prices . Trump's previous term in office, whether intentionally or coincidently, saw moderate to low oil prices. As India imports over 90% of its oil needs, New Delhi will likely welcome any move by the U.S. to keep oil prices low. A quick resolution of the war in Ukraine — Trump's campaign promise — would also prove to be negative for oil prices.
Persons: Narendra Modi, Donald Trump, Narendra Modi's, Joe Biden, Macquarie, Aditya Suresh, Trump, Uncle Sam, Samiran Chakraborty, Baqar Zaidi, Ukraine —, , Sanjeev Prasad Organizations: India's, U.S, Manufacturing, Global, Observer Research Foundation, Treasury, Indian, Citi, Companies, Tata Consultancy Services, HCL Tech, Infosys, Energy, Suzlon Locations: Hyderabad, New Delhi, India, China, U.S, Mumbai, United States, Ukraine
CNN —Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. The coalition has been at loggerheads over how to revive Germany’s economy. What problems is Germany’s economy facing? Germany’s economy, Europe’s largest, shrank last year for the first time since the onset of the Covid-19 pandemic. Party leader Alice Weidel has already hailed the coalition’s collapse as a “liberation” for Germany.
Persons: Chancellor Olaf Scholz, Christian Lindner’s, Scholz, Donald Trump, Europe’s, Angela Merkel, Gerhard Schröder, Merkel, Christian Lindner, Christoph Soeder, Friedrich Merz, Lindner, Liesa Johannssen, “ Lindner, ” Lindner, , Carsten Brzeski, , Robert Habeck, Annegret Hilse, Merz, Alice Weidel, ” Weidel Organizations: CNN, Free Democrats Party, Scholz’s Social Democratic Party, SPD, Green Party, CDU, Trump, Social Democratic Party, Greens, ING, Volkswagen, CDU –, Christian Democratic Union, Party Locations: Germany, Germany’s, Nazi, Thuringia, France, Italy, Ukraine, China,
He has lavished praise on his campaign co-chairs, Chris LaCivita and Susie Wiles – who Trump named as his White House chief of staff on Thursday evening. In the 2016 election, Trump lost the popular vote to Hillary Clinton – and he repeatedly claimed falsely that he had won it. Trump’s priority is to finalize his Cabinet and senior White House staff, and the second wave is to sort deputy secretaries. Trump’s aides, however, anticipate that he will make use of the golf courses at Andrews Air Force Base when back in the White House. Trump mostly golfed at his club in Virginia while at the White House during his term.
Persons: Donald Trump, Chris LaCivita, Susie Wiles –, Trump, he’s, Hillary Clinton –, Elon Musk, Musk, ’ Trump, Jason Miller, ” Miller, Joe Biden, Kamala Harris, Biden, ” Trump, Harris, Trump’s, Barack Obama, Andrews, CNN’s Zachary Cohen Organizations: Palm Beach , Florida CNN —, Trump, White, White House, CNN, NBC News, Andrews Air Force Base Locations: Palm Beach , Florida, Florida, Lago, Virginia
Traditionally Republicans have been more significant friends of the oil and gas industry. Increasing domestic oil production would theoretically achieve several goals for the new administration: increase domestic economic activity and employment, increase domestic energy security, and lower oil and gas prices. Interestingly, oil and gas production in the United States right now, the world's largest producer, has never been higher, and oil and gas prices, while well above pre-COVID levels, have stabilized. The incoming Trump administration will likely reduce federal regulations on drilling, pipeline development, and environmental protections that limit the expansion of oil and gas projects. This infrastructure investment benefits the oil services industry by enabling more accessible transport and new development projects, which Biden canceled.
Persons: Trump, Kamala Harris's, Biden, YTD We'll Organizations: Republicans, Trump, Keystone XL, Dakota, Schlumberger, Schlumberger Ltd, HAL, CNBC, NBC UNIVERSAL Locations: Pennsylvania, United States, North, Halliburton, North America
He has also generally backed nuclear power, though he expressed some skepticism in his October interview with Joe Rogan. The clearest winner: Gas Stocks exposed to natural gas emerge as some of the clearest winners, according to post-election notes by JPMorgan and Jefferies. But the company has significant gas generation assets and would be poised to benefit under the fossil-fuel friendly Trump administration, according to JPMorgan. GE Vernova is one of the clearest winners, according to Jefferies analysts. Cheniere also stands to benefit through potentially easier liquid natural gas production under Trump, Jefferies found.
Persons: Donald Trump, Trump, Joe Rogan, Kevin Kwan, Cheniere, Jefferies, Sunrun, Enphase, SolarEdge, Julien Dumoulin, Smith, Goldman, Biden, it's Organizations: Green New, Gas, JPMorgan, Jefferies, Vistra Corp, Trump, GE Vernova, GE, Senate, GOP, NOVA, NextEra Energy, U.S, Nuclear Locations: U.S, Ukraine
Beazer Homes is building "zero energy," climate-friendly homes even though they're more expensive. Challenges include higher costs, market education, and appraisal practices for green homes. The project was developed by Beazer Homes, one of the largest US homebuilders. Now Beazer has to educate customers and the broader real-estate market about the value of green homes. "Zero Energy Ready" homes feature energy-efficient appliances.
Persons: Allan Merrill, , Beazer, Merrill, It's, Donald Trump, haven't, Catherine Boudreau, they're, Woody Fincham, there's, Andrew Pizor, hasn't, Beazer isn't Organizations: Service, Energy, Beazer Homes, US Department of, Zero, Appraisal, appraisers, National Consumer Law Center, Congress, EV Locations: Baltimore, decarbonize, Parkville , Maryland, Parkville, Charlottesville , Virginia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCIBC's Rebecca Babin on oil outlook for a second Trump presidencyRebecca Babin, CIBC Private Wealth senior energy trader, joins 'Squawk Box' to discuss oil outlook ahead of the opening bell on Thursday.
Persons: Rebecca Babin, Trump Organizations: CIBC Private Wealth
Oil prices regain ground as investors eye U.S. election fallout
  + stars: | 2024-11-07 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices edged up on Thursday following a sell-off triggered by the U.S. presidential election, as risks to oil supply from a Trump presidency and a hurricane building in the Gulf Coast outweighed a stronger U.S. dollar and higher inventories. Brent crude oil futures rose 26 cents, or 0.35%, to $75.18 per barrel by 0125 GMT. Trump's election had initially triggered a sell-off that pushed oil prices down by more than $2 as the U.S. dollar rose to its highest level since September 2022. Donald Trump is expected to reimpose his "maximum pressure policy" of sanctions on Iranian oil. U.S. crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending on Nov. 1, the U.S. Energy Information Administration said on Wednesday, compared with expectations for a 1.1 million-barrel rise.
Persons: Tony Sycamore, Brent, Donald Trump, Trump, Biden, Hurricane Rafael Organizations: U.S, Trump, Brent, . West Texas, IG, U.S . Bureau of Safety, Environmental Enforcement, U.S . Energy, Administration Locations: Gulf, Iran, Venezuela, China, North America, Hurricane, U.S . Gulf, Mexico
The generation is leading the way when it comes to pet ownership — almost a third of US pet owners are millennials. Across the board, more pet owners are splurging on their animals. In its annual surveys, the American Pet Products Association has found that pet owners have reported spending more on things like treats, food, toys, and clothing each year. While some millennial dog owners are forgoing having children, others are using dogs as training for parenthood. Dog owners can't be blamed entirely for the changing behavior.
Persons: Yena Kim, Shiba Inu, Kim, Ralph Lauren, Bodhi, Luc, Hayley Kellard, King Charles spaniel, Paddy, Kellard, they'd, we'd, , Dogue, Michael Wang, Adriene Wong, Wang, Wong's, Wong, Dash, he'd, Lili, Mark Van Wye, they're, Van Wye, Sean Prichard, Eliza O'Callaghan, She's, she's Organizations: Bodhi, American Pet Products Association, San, Poochie, corgi, Association for, Pant, Foods Locations: Brooklyn, China, San Francisco, York City, Pompano Beach , Florida, New York City
Final Trades: Wabtec, Clearway Energy, Toast and the CIBR
  + stars: | 2024-11-07 | 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 EmailFinal Trades: Wabtec, Clearway Energy, Toast and the CIBRThe Investment Committee give you their top stocks to watch for the second half.
Organizations: Clearway Energy, Investment
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