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☆ The interest rate on my high-yield savings account keeps dropping. I asked 3 experts how to earn more on my cash.
▼ + stars: | 2024-11-12 | by ( Christine Ji | ) www.businessinsider.com time to read: +9 min

My bank has lowered the APY on my high-yield savings account by almost half a percent recently. AdvertisementIt's never pleasant to receive an email from your bank informing you that the interest rate on your high-yield savings account is decreasing. From August until the end of October, the annual percentage yield (APY) on my high-yield savings account has fallen from 4.6% to 4.2%. After paying off my bills every month, I would put the remainder of my paycheck into my high-yield savings account and watch the number creep up. Is there anything I can do about the state of my savings account, or do I have to watch my yield erode away slowly?

Persons: I'm, —, I've, Jerome Powell, Patti Black, it's, Jerome Powell's, Black, Daniel Milan, Milan, that's, Richard McHorter, There's, McHorter, Trump's, What's, Zer, Christine, cji Organizations: Service, Federal Reserve, Savant Wealth, Cornerstone Financial Services, SRM Private Wealth, Treasury Locations: Milan, California, New York City

☆ NFL Power Rankings Week 11: Chiefs back at No. 1, plus quarterback confidence rankings
▼ + stars: | 2024-11-12 | by ( Josh Kendall | ) www.nytimes.com time to read: +24 min

Buffalo Bills (8-2)Last week: 4Sunday: Beat Indianapolis Colts 30-20QB confidence rating: 8Josh Allen has scored 58 non-passing touchdowns since being drafted in 2018. ETAdvertisementLast week: 7Sunday: Beat Jacksonville Jaguars 12-7QB confidence rating: 5Sunday was the game the Sam Darnold skeptics have been waiting for. Tampa Bay Buccaneers (4-6)Last week: 13Sunday: Lost to San Francisco 49ers 23-20QB confidence rating: 7Baker Mayfield leads the NFL with 24 touchdown passes. Miami Dolphins (3-6)Last week: 27Monday: Beat Los Angeles Rams 23-15QB confidence rating: 6By the numbers, Tua Tagovailoa is playing great. Jacksonville Jaguars (2-8)Last week: 30Sunday: Lost to Minnesota Vikings 12-7QB confidence rating: 4The good news from Sunday?

Persons: It’s, Russell Wilson, That’s, Patrick Mahomes, He’s, there’s, Jared Goff, Goff, can’t, Jake Bates, Lamar Jackson’s, Jackson, Jim Brown, Johnny Unitas, Brett Favre, Peyton Manning, Tom Brady, Aaron Rodgers, Rodgers, Josh Allen, he’s, Justin Fields, George Pickens, Jordan, Sam Darnold, Darnold, McCarthy, Jayden Daniels, Daniels, Lamar Jackson, Mike Tomlin, That’s Mr, We’ll, Justin Herbert’s, evaluator’s, Herbert, Jim Harbaugh, Kyler Murray, Murray, ike, ince, asser, ating, J ake M, eason, enver, roncos,, hird, amar, ike E, enver B roncos, assing, eno, lear, aron R odgers, odgers, ards,, rey, hart, esmond R idder, aints, m., m. E Organizations: of Famer, EPA, TruMedia, Beat Denver Broncos, Chiefs, Buffalo Bills, Beat Houston Texans, Texans, Jacksonville Jaguars, Lions, Beat Cincinnati Bengals, Lamar, NFL, Pittsburgh Steelers, Beat Indianapolis, That’s, Bills, Kansas City Chiefs, Beat Dallas Cowboys, Eagles, Cowboys, Washington, Steelers, Baltimore Ravens, Green, Chicago Bears, Beat Jacksonville Jaguars, Jacksonville, Tennessee Titans, Philadelphia Eagles, Beat Tennessee Titans, Chargers, Cincinnati Bengals, Beat New York Jets, Jets, ust, eads, ards, FC, aker, ams, ets Locations: Dallas, Pittsburgh, Carita, ards, alton

☆ The Federal Reserve is trimming rates, and these higher-yielding assets could be called back soon
▼ + stars: | 2024-11-12 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The Federal Reserve last week dialed back interest rates by a quarter point, bringing its target rate range down to between 4.5% and 4.75%. Give and take In addition to buying CDs directly from a bank, investors can also shop for brokered CDs through their brokerage. Indeed, a client holding a 12-month brokered CD with an APY of 4.65% had their instrument called with six more months to go, he said. The Federal Deposit Insurance Corp. backs bank CDs and savings accounts up to $250,000 per depositor and per ownership category. "The time with the brokered CDs has probably come to an end," he said.

Persons: Banks, Marcus, Goldman Sachs, Malcolm Ethridge, There's, noncallable, Ethridge, They're, Dinon Hughes Organizations: Federal Reserve, Capital Area, Vanguard, Nvest, Capital, Federal Deposit Insurance Corp, Treasury, ., Bond, SEC Locations: BTIG, Washington ,, Portsmouth , New Hampshire, Kennebunk , Maine

☆ Dwayne Johnson once fired his agents because they didn't agree he could be bigger than Will Smith and George Clooney. Now his movies have made more money than both.
▼ + stars: | 2024-11-12 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Dwayne Johnson's goal was once to be a bigger star than George Clooney and Will Smith. GQ reported Johnson fired agents who didn't agree with his ambition. AdvertisementDwayne Johnson said he used to hope he would be a bigger star than George Clooney or Will Smith. From 2012 to 2020, Johnson appeared on Forbes' highest-paid actor list, and above Smith and Clooney in 2016, 2019, and 2020. "You reach a point in life where on the other side of running, it's the stuff you love," Johnson said.

Persons: Dwayne Johnson's, George Clooney, Will Smith, Johnson, —, Dwayne Johnson, Zach Baron, Clooney, Smith, Gabe Ginsberg, I'm Organizations: GQ, Service, IMDB Pro, Forbes Locations: Canada

☆ Spotify shares pop on better-than-expected profit forecast
▼ + stars: | 2024-11-12 | by ( Cj Haddad | ) www.cnbc.com time to read: +1 min

The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023. Spotify shares rose in extended trading Tuesday after the Swedish music streaming company issued a profit forecast for the fourth quarter that topped estimates. Spotify said operating income in the fourth quarter will come in at 481 million euros, exceeding the average analyst estimate of 432.7 million euros, according to StreetAccount. The company said sales will reach 4.1 billion euros, below the average analyst estimate of 4.26 billion euros, according to LSEG. Spotify shares rose about 8% after the report to $452.35 after rising 2.2% in regular trading.

Persons: MAUs Organizations: New York Stock Exchange, Spotify, LSEG Revenue, LSEG, StreetAccount Locations: Swedish

☆ ‘Venom 3’ leads box office again, A24’s ‘Heretic’ scares up $11 million bebut in sleepy weekend
▼ + stars: | 2024-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +5 min

“Venom: The Last Dance” is looming over the domestic box office in its third weekend of release. As a result, overall domestic box office revenues remain down more than 11% from 2023 and nearly 27% from 2019, according to Comscore. “Heretic,” featuring “Notting Hill” star Hugh Grant playing against type as a villain, notched third place with $11 million from 3,221 venues. The well-reviewed family film has endured at the box office with minimal week-to-week drops (this weekend was down only 11%), earning $130.2 million domestically and $292 million worldwide so far. Ticket sales declined 52% from its soft $5 million debut, bringing the Robert Zemeckis-directed film to $9.3 million domestically.

Persons: “, ”, Hill, Hugh Grant, Sophie Thatcher, Chloe East, Grant, Critics, David A, Gross, Dallas Jenkins, Judy Greer, Pete Holmes, Lauren Graham, Tom Hardy, Eddie Brock, ” Gross, Dwayne “, ” Johnson, Paramount’s “, ” “, Tom Hanks, Robin Wright, Robert Zemeckis, Ralph Fiennes, Paul Dergarabedian Organizations: Rotten, Entertainment Research, Sony Pictures, Everett, Universal, DreamWorks, Miramax, Sony Locations: Hollywood, North America, New York

☆ Treasury yields are little changed as investors await key inflation data
▼ + stars: | 2024-11-11 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +1 min

The 10-year Treasury yield fell by less than one basis point to 4.3062%. The October CPI is expected to rise 0.2% on a monthly basis and to have risen 2.5% on a yearly basis, according to economists polled by FactSet. Core inflation is expected to remain steady at 0.3% and 3.3% on a monthly and yearly basis, respectively. Meanwhile, the October PPI is expected to have risen by 0.3% last month and 2.3% on a yearly basis. Last week, Fed officials lowered interest rates by 25 basis points to a target range of 4.50%-4.75%.

Persons: Donald Trump's, Thomas Barkin, Jerome Powell Organizations: Treasury, U.S, FactSet, Federal Reserve, Richmond Federal, Traders, Fed Locations: U.S

☆ ETF world buzzing about new cash flooding into funds seen winning from Trump trades
▼ + stars: | 2024-11-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

"For example, during Trump's previous administration, deregulation in the energy sector boosted oil and gas stocks, benefiting energy ETFs." Aggregate Bond ETF (AGG) and Vanguard Total Bond Market Index Fund ETF (BND), two of the world's largest bond ETFs, and longer-term funds like iShares 20+ Year Treasury Bond ETF (TLT). Crypto ETFS having big year and getting bigger Since launching in January, crypto ETFs have attracted roughly $70 billion in assets, one of the most successful ETF launches ever. Bitcoin ETFs including the iShares Bitcoin Trust (IBIT), the largest bitcoin ETF by assets under management, have seen significant inflows since October. Rosenberg at Texas Capital acknowledges that certain ETF sectors, like industrials ( Vanguard Industrials Index Fund ETF , or VIS; iShares U.S. Industrials ETF , or IYJ), "could be hurt by more tariffs."

Persons: Trump, Tom Lydon, John Davi, iShares Russell, ROE, Matt Bartolini, Bartolini, Gavi, Edward Rosenberg, Gary Gensler, Michael Novogratz, Cathie Wood, Todd Sohn, Wood, Davi, Rosenberg, industrials Organizations: Astoria, CNBC, Potential Trump, Bank ETF, Assets ETF, Trump, ETF Research, Street Global Advisors, Regional Bank ETF, Treasury, Aggregate Bond, Vanguard, Fund, Treasury Bond ETF, Texas, SEC, Commodity Futures, Galaxy Digital Holdings, ARK, Innovation, ARKK, Downside, China ETF, Texas Capital, Index, Industrials, U.S, Edge Locations: Astoria, Congress, rulemaking, Coinbase, China, Mexico

☆ Netflix, Hulu, and Amazon Prime Video subscribers are hitting 'pause' instead of canceling altogether
▼ + stars: | 2024-11-11 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

Streaming video services are seeing more customers hitting "pause," The Wall Street Journal reports. The Journal examined subscription data from analytics firm Antenna to see the pattern of people quitting Netflix, Apple TV+, Disney+, Hulu, Max, Amazon Prime Video, and others. The average rate of U.S. customer cancellations among premium streaming video services reached 5.2% in August, but after factoring in re-subscribers, the rate of defections was lower at 3.5%. Meanwhile, last month, the Federal Trade Commission finalized a "click to cancel" rule that is supposed to make it easier for customers to cancel online subscriptions. In them, he's dancing shirtless to an audio meme to promote his FX show, "English Teacher," which streams on Hulu.

Persons: I'm, —, Brian Jordan Organizations: Street, Hulu —, Service, Netflix, Apple, Max, Amazon Prime, Federal Trade Commission Locations: Hulu

☆ These 'Trump trades' are on a roll and analysts see more gains ahead
▼ + stars: | 2024-11-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

Since Trump's win, the market has already seen some major gains. Those sectors in particular had several winners in the rally following Trump's 2016 win , and analysts believe gains may likewise be in store this time around – especially for energy. Defense stocks could also see some gains, according to Barclays analyst David Strauss. That would be above the 14.2% rally the stock saw after Trump's first win from Nov. 7, 2016, until year's end. Among the 15 analysts covering it, 11 have a hold rating, while only two have a strong buy or buy rating.

Persons: Donald Trump's, Wells, Roger Read, David Strauss, Trump, Chris Caso, Trump's, Huntington Ingalls, it's Organizations: Dow Jones Industrial, Energy, Trump, Defense, Barclays, Semiconductor, Wolfe Research, CNBC Pro, ConocoPhillips Locations: industrials, China, Texas

☆ What the Fed’s interest rate cuts mean for your money
▼ + stars: | 2024-11-08 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

But that doesn’t mean as a result interest rates are now low — or will soon be low. “‘Falling interest rates’ are not the same as ‘low interest rates.’ Interest rates are high and will only decline to ‘not as high’ as … we move into 2025,” said Greg McBride, chief financial analyst at Bankrate. Credit cards: Just before the Fed cut its key rate in September, the average credit card rate was 20.78%, according to Bankrate. Another option: Try transferring your balance to a credit card from a credit union or local bank. Before the Fed’s September rate cut many of those accounts were offering yields between 4.25% and 5.3%, according to those listed on Bankrate.com.

Persons: ”, Greg McBride, Matt Schulz, Chris Diodato, they’re, Freddie Mac, Sam Khater, Freddie Mac’s, ” McBride, Sinead Colton Grant, Colton Grant, “, Don’t, Diodato, you’re, BNY, they’ve Organizations: CNN, Reserve, Bankrate, Fed, LendingTree, Treasury, Savings Locations: Treasuries

☆ CNBC Daily Open: Powell maintains that elections won't sway Fed's policy
▼ + stars: | 2024-11-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Kent Nishimura | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Powell, in yesterday's press conference, maintained that "the election will have no effect on our policy decisions." "By December, we'll have more data, I guess one more employer report, two more inflation reports and lots of other data," Powell said. — CNBC's Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound and Alex Harring contributed to this report.

Persons: Jerome Powell, Kent Nishimura, Jim Reid, Trump, Scott Helfstein, Powell, we'll, that's, —, Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Alex Harring Organizations: FTSE, Federal, CNBC, Deutsche, Tech, Apple, Nvidia, Nasdaq, Dow Jones, Global, Congress, Fed Locations: GDAXI, Washington, Washington , DC

☆ CNBC Daily Open: Powell emphasizes that elections won't sway Fed's policy
▼ + stars: | 2024-11-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Andrew Caballero-Reynolds | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Powell, in yesterday's press conference, maintained that "the election will have no effect on our policy decisions." According to the futures market, just 30.4% of traders think the Fed will cut rates again in January. "By December, we'll have more data, I guess one more employer report, two more inflation reports and lots of other data," Powell said.

Persons: Jerome Powell, William McChesney Martin Jr, Andrew Caballero, Reynolds, Jim Reid, Trump, Scott Helfstein, Powell, we'll, that's, —, Jeff Cox, Lisa Kailai Han, Hakyung Kim, Jesse Pound, Alex Harring Organizations: Federal Reserve, AFP, Getty, CNBC, Deutsche, Tech, Apple, Nvidia, Nasdaq, Dow Jones, Global, Congress, Fed Locations: Washington , DC

☆ Stocks making the biggest moves premarket: Pinterest, Monster Beverage, Bath & Body Works, Trump Media & more
▼ + stars: | 2024-11-08 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

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 —

☆ A Nobel Prize-winning scientist who wrote a book on aging cycles 6 miles a day at age 72. Here are 3 things he does to stay healthy.
▼ + stars: | 2024-11-08 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVenki Ramakrishnan, a Nobel laureate and former president of the world's oldest scientific academy, the Royal Society, has been watching as aging science and the hype around it has exploded. There have been some real scientific breakthroughs, deepening our understanding of the fundamental causes of aging, Ramakrishnan told Business Insider. AdvertisementCycling everydayExercise has all kinds of benefits for healthy aging, Ramakrishnan said. Research suggests that getting enough good quality sleep could add a few years to your life.

Persons: —, Venki, Ramakrishnan, He's, Michael Pollan's Organizations: Service, Royal Society, Business, Allied Market Research, FDA, British, of Sports Medicine, American College of Cardiology's Locations: Cambridge

☆ Is the 'vibecession' here to stay? Here's what experts say
▼ + stars: | 2024-11-07 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

While the Federal Reserve is still concerned about inflation, "we're seeing these signs of weakness in the labor market," Scanlon said. "This suggests that the labor market remains firm despite signs of weakening," J.P. Morgan noted. 'What the bond market is telling us'The stock market rallied after the presidential election results. That's what the bond market is telling us." Depending on what policies are enacted under Trump's second term, the inflation problem might get worse, experts say.

Persons: Brett House, Scanlon, There's, Mark Hamrick, J.P, Morgan, Hamrick, Trump Organizations: Columbia Business School, Bureau of Labor Statistics, Federal Reserve, of Labor Statistics, BLS, Dow Jones, Nasdaq, Treasury, Trump Locations: U.S, China

☆ Treasury yields edge lower after sharp rally on Trump victory; investors await Fed decision
▼ + stars: | 2024-11-07 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: 1 min

Treasury yields were slightly lower on Thursday as investors reacted to Donald Trump's sweeping election victory and awaited the U.S. Federal Reserve's decision on interest rates. The 10-year Treasury yield fell more than 1 basis point to 4.409% after jumping over 14 points to hit 4.433% in the previous session, notching its highest level since July. The yield on the 2-year Treasury fell 2 basis points to 4.247%, paring some of its gains after rising about 7 points to reach 4.274% on Wednesday. Yields and prices move in opposite directions. One basis point equals 0.01%.

Persons: Donald Trump's Organizations: U.S, U.S . Federal, Treasury Locations: U.S .

☆ Stocks making the biggest moves premarket: Lyft, SolarEdge, Qualcomm, Moderna and more
▼ + stars: | 2024-11-07 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

Lyft expects bookings in the current quarter of $4.28 billion to $4.35 billion, while analysts polled by FactSet expected $4.23 billion. SolarEdge — The solar panel inverter stock slipped more than 16% after a third-quarter revenue miss. SolarEdge reported revenue of $261 million, while analysts surveyed by LSEG were looking for $269 million. Third-quarter revenue surpassed Wall Street estimates, and the company expects fourth-quarter revenue of $256 million to $262 million, compared with an estimate of $260 million. Moderna — Shares rallied 7% after Moderna's third-quarter earnings and revenue topped expectations.

Persons: FactSet, SolarEdge, —, Zillow, Gilead, LSEG, Armour, Hershey, Samantha Subin, Hakyung Kim, Sarah Min Organizations: Arm, Wall, LSEG, FactSet, —, Qualcomm, Gilead Sciences, Hershey Locations: Gilead

☆ Fed meeting live updates: Fed expected to cut interest rates by a quarter point
▼ + stars: | 2024-11-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

The Federal Reserve is widely expected to trim rates by a quarter point on Thursday, taking another step toward unwinding its tight policy. The rate on a $30,000 home equity line of credit sits at 8.7% as of the week of Nov. 1, according to Bankrate. The rate on a 30-year fixed mortgage was 7.09% as of the week of Nov. 1, sharply higher than the 4.29% in March 2022. That's because mortgage rates loosely follow the 10-year Treasury yield , which has recently taken a leg higher. Indeed, the benchmark yield stood at 4.363% during the week of Nov. 1, sharply higher than the 3.649% it traded at in mid-September.

Persons: –, it's, – Darla Mercado, Nick Wells Organizations: Federal Reserve, Fed, Treasury

☆ Lucid slightly tops Wall Street's third-quarter expectations amid widening losses
▼ + stars: | 2024-11-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Lucid Group slightly beat Wall Street's third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of this year. Lucid CEO Peter Rawlinson described the quarter as a "landmark" for the company, citing record deliveries of 2,781 units as well as cost-cutting measures. The company reaffirmed plans to produce roughly 9,000 vehicles this year, which would mark a 6.8% increase compared to 8,428 units in 2023. Lucid said it had $5.16 billion in total liquidity to end the quarter.

Persons: Peter Rawlinson, Lucid Organizations: Lucid Locations: San Francisco

☆ Beyond ASML: Goldman reveals its refreshed list of top European stocks — giving one 50% upside
▼ + stars: | 2024-11-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

ASML's net bookings for the third quarter were 2.6 billion euros ($2.79 billion), below the 5.6 billion euros penciled in by Wall Street analysts. ASML expects net sales for 2025 to come in at the lower of half of the 30 billion euros and 35 billion euros range it previously predicted. Coca-Cola HBC Goldman is betting on Coca-Cola HBC, also known as CCH, given its solid top-lines and strong margin uplift. This phenomenon — coupled with an improving product pipeline across brands — has pushed analyst Richard Edwards to an "above consensus view" on JD's LFL (like-for-like) sales growth. Edwards also expects space expansion and acquisitions to contribute to an average 10% sales growth from 2025 to 2027, above the consensus average of 7%.

Persons: ASML, Goldman Sachs, Goldman, Cola HBC Goldman, Olivier Nicolai, Richard Edwards, Edwards, — CNBC's Michael Bloom Organizations: Wall Street, ASML, Heineken, Philips, Cola HBC, Hellenic Bottling Company, JD Sports, Coca, CCH, London Stock Exchange, — Locations: U.S, British

☆ Stocks making the biggest moves midday: Warner Bros. Discovery, AppLovin, Wolfspeed, Lyft and more
▼ + stars: | 2024-11-07 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

The stock had popped 5.9% on Wednesday after the Republican was elected the 47th president of the U.S. Warner Bros. Lyft expects current-quarter bookings to come in between $4.28 billion to $4.35 billion, topping a FactSet consensus of $4.23 billion. Wolfspeed posted revenue of $195 million for the first fiscal quarter, missing the LSEG consensus forecast by $5 million. Arm posted adjusted earnings per share of 30 cents on revenue of $844 million for the second quarter. AppLovin also guided its fourth-quarter EBITDA of $740 million to $760 million, higher than the $667 million StreetAccount forecast.

Persons: LSEG, Donald Trump's, Armour, —, Lyft, Wolfspeed, AppLovin, Zillow, Alex Harring, Sean Conlon, Hakyung Kim, Yun Li, Lisa Kailai Han Organizations: Bros, Dutch Bros, Trump Media & Technology, Republican, U.S, Warner Bros, —, Discovery, FactSet . Arm Holdings, LSEG, Gilead Sciences Locations: Gilead

☆ Stocks making the biggest moves after hours: Qualcomm, HubSpot, Lyft, Bumble and more
▼ + stars: | 2024-11-06 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Qualcomm reported adjusted earnings of $2.69 per share on $10.24 billion in revenue. Wolfspeed — The semiconductor manufacturer tumbled 17% after missing revenue expectations and offering weak guidance for the current quarter. Wolfspeed generated revenue of $195 million in the first fiscal quarter, missing the consensus estimate of analysts polled by LSEG by $5 million. The company said to expect between $160 million and $200 million in revenue during the current quarter, under the $215 million figure expected. HubSpot saw $2.18 in adjusted earnings per share on $669.7 million in revenue, while analysts polled by FactSet forecast $1.91 in earnings per share and $647 million in revenue.

Persons: LSEG, HubSpot, Lyft, Robin, SolarEdge, Donald Trump, Bumble —, Zillow, Darla Mercado, Jesse Pound, Samantha Subin, Sean Conlon Organizations: Qualcomm, Arm Holdings, LSEG, FactSet, Technologies, Bros, Revenue Locations: FactSet, StreetAccount, LSEG

☆ Goldman's top equity strategist tells BI 2 similarities between today's market and the dot-com bubble — and what it means for your portfolio
▼ + stars: | 2024-11-05 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Kostin expects the S&P 500 equal-weighted index and mid-cap stocks to gain from a broadening market. Today, the 10 largest stocks in the S&P 500 make up 36% of the entire index by market capitalization. Related storiesThis gap between the top S&P 500 performers and the rest of the index hasn't occurred since the dot-com bubble. "The evidence is strongly in support of the fact that growth rates for high revenue growth companies tend to fade," he added. For that reason, Kostin is expecting the S&P 500 equal-weight SPW index to outperform the market-cap-weighted S&P 500.

Persons: David Kostin, Kostin, —, Goldman Sachs, Kostin isn't, that's, he's Organizations: Service, Big Tech, Intel, Microsoft, Cisco

☆ 10-year Treasury yield rises with all eyes on the U.S. election
▼ + stars: | 2024-11-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The 10-year Treasury yield traded 7 basis points higher at 4.6%. The yield on the 2-year Treasury was also up by 6 basis points to 4.27%. Treasury yields rose in early trading Tuesday evening as investors awaited results from the tight presidential race between Vice President Kamala Harris and former President Donald Trump. "I expect them to be worried that Trump would enact all those tax cuts, and I think bond yields would rise." The benchmark 10-year Treasury yield surged 50 basis points in October, marking the biggest monthly increase since September 2022.

Persons: Kamala Harris, Donald Trump, Jeremy Siegel, Trump, Harris, Stephanie Roth, Siegel Organizations: New York Stock Exchange, Treasury, Trump, Republican, White, Senate, Wharton School, University of Pennsylvania, Wolfe Research, Federal Reserve

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