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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Dallas Fed President Robert Kaplan: The Fed still has room to cutRobert Kaplan, Goldman Sachs vice chairman and former Dallas Fed President, joins CNBC's 'Closing Bell' to discuss his outlook on the economy, what he expects from the Fed moving forward, and more.
Persons: Robert Kaplan, Goldman Sachs Organizations: Former Dallas Fed, Dallas Fed
Cisco Systems — The networking technology stock added nearly 2% on the heels of a Citi upgrade to buy from neutral. The firm's earnings came in at $1.88 per share, versus the $1.58 expected by a LSEG analyst poll. Revenue was $15.38 billion versus the $14.41 billion consensus estimate. United also announced a $1.5 billion share buyback, its first since before the pandemic. J.B Hunt Transport Services — Shares jumped more than 7% after the company's third-quarter results topped expectations.
Persons: Novocure, Morgan Stanley —, accidently, J.B, Hunt, LSEG, — CNBC's Sean Conlon, Alex Harring, Sarah Min, Michelle Fox, Hakyung Kim Organizations: Cisco Systems, Citi, U.S . Food, Drug Administration, Revenue, United Airlines, United, Hunt, Locations: U.S
2025 Chevrolet Tahoe GMDETROIT – General Motors has updated its highly profitable large SUVs for Chevrolet for the 2025 model year to defend the brand's long-standing segment leadership. The Detroit automaker's Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for over 45 years, according to GM. For Chevrolet, the 2025 Chevrolet Tahoe and Suburban check many of those boxes and include the addition of GM's hands-free Super Cruise advanced driver-assistance system. Starting pricing for the 2025 Tahoe will range from about $60,000 for a Tahoe LS to more than $83,000 for the top-end High Country. 2025 Chevrolet Tahoe GM
Persons: Scott Bell, Bell Organizations: Chevrolet Tahoe GM DETROIT –, Motors, Chevrolet, Detroit, GM, Ford Motor, Nissan, GMC, Yukon XL, Ford, Cruise, CNBC, LS, CarMax, Chevrolet Tahoe Locations: Tahoe, Detroit, Yukon, U.S
Opening Bell: October 16, 2024
  + stars: | 2024-10-16 | 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: October 16, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from October 16, 2024.
Organizations: New York Stock Exchange, Nasdaq
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI demand is still strong, it will probably exceed expectations, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein, joins 'Closing Bell' to discuss the semiconductor rebound and ASML's impact on the sector.
Persons: Bernstein's Stacy Rasgon Stacy Rasgon, Bernstein
Organic sales, which exclude Covid testing, were up 8.2% from the year-ago period. Bottom line In its third quarter, Abbott Labs demonstrated why we wanted to stick with the stock in the face of legal battles that emerged earlier this year and spooked investors. "There's just a lot to like with the Abbott quarter." As Abbott's organic sales growth continues to shine, the market will realize both concerns are overblown. The company reiterated its full-year organic sales growth outlook of 9.5% to 10%.
Persons: ABT, Abbott, Jim Cramer, Dexcom, Robert Ford, Ford, Lingo, , it's, Edwards, Jim Cramer's, Jim, Ethan Miller Organizations: Abbott Laboratories, Revenue, Abbott Labs, NEC, Abbott, Ford, and Drug Administration, Centers for Disease Control, National Institutes of Health, CNBC, Las Vegas Convention, Getty Locations: U.S, Missouri, Las Vegas , Nevada
JB Hunt beat earnings estimates for the first time in two years. AdvertisementTrucking company JB Hunt earned the approval of stock investors on Wednesday after a stronger-than-expected earnings report showed demand is coming back. AdvertisementThese struggles have translated into weak market performance for JB Hunt and other freight carriers. AdvertisementGoing beyond JB Hunt, there has been other data suggesting better prospects ahead. DAT Freight & Analytics' trucking volume index rose year-over-year for all three different categories of freight equipment for the 12 months ended in September.
Persons: JB Hunt, , It's, Shelley Simpson, Nicholas Hobbs, Ken Adamo Organizations: Service, JB, DAT, Analytics
Beijing Reuters —Intel products sold in China should be subject to a security review, the Cybersecurity Association of China (CSAC) said on Wednesday, alleging the US chipmaker has “constantly harmed” the country’s national security and interests. “It is recommended that a network security review is initiated on the products Intel sells in China, so as to effectively safeguard China’s national security and the legitimate rights and interests of Chinese consumers,” CSAC said. Last year, CAC barred domestic operators of key infrastructure from buying products made by US memory chipmaker Micron Technology Inc (MU) after deeming the company’s products as having failed its network security review. A similar security review on Intel products could negatively impact the company’s revenues, over a quarter of which came from China last year. “This poses a great security threat to the critical information infrastructures of countries all over the world, including China … the use of Intel products poses a serious risk to national security,” CSAC said.
Persons: ” CSAC, , Dan Coatsworth, AJ Bell Organizations: Beijing Reuters, Intel, Cybersecurity Association of China, Cyberspace Administration of China, CAC, Micron Technology Inc, Washington, US National Security Agency, NSA, Nvidia Locations: Beijing, China
Stocks rose on Wednesday after traders took in a handful of strong corporate earnings reports. Chip stocks wavered after Tuesday's selloff, with eyes on TSMC ahead of earnings. AdvertisementUS stocks rose on Wednesday as traders took in strong earnings results to bounce back from a sell-off in the chip sector in the previous session. Stocks, though, are on par for another strong quarter of earnings results. The S&P 500 is on track to report 7% year-per-year earnings growth for the third quarter, according to estimates from FactSet.
Persons: Morgan Stanley, Tuesday's selloff, , ASML Organizations: United Airlines, Service, Dow Jones, Micro Devices, Investors, Nvidia Locations: FactSet, Here's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGM joint venture 'super helpful' as lithium demand slumps, says Lithium Americas' CEO Jonathan EvansJonathan Evans, Lithium Americas president and CEO, joins 'Closing Bell Overtime' to talk its joint venture with General Motors.
Persons: Jonathan Evans Jonathan Evans Organizations: GM, Lithium, General Motors Locations: Lithium Americas
Citigroup reported third-quarter results before the opening bell on Tuesday that topped Wall Street expectations, with growth in investment banking and wealth management. Wealth revenue rose 9%. Net income fell to $3.2 billion, or $1.51 per share, from $3.5 billion, or $1.63 per share, a year earlier. Citigroup CEO Jane Fraser took over in March 2021 and has focused on slimming down the bank during her tenure. The other major banks that have reported third-quarter results so far have also beaten earnings expectations, including Goldman Sachs and JPMorgan Chase.
Persons: LSEG, Jane Fraser, Fraser, outperforming, Goldman Sachs Organizations: Citibank, Citigroup, Wall, JPMorgan Chase Locations: Canada, Wharf, London
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI excitement is 'never ending it seems', says Interactive Brokers Chairman Thomas PeterffyThomas Peterffy, Interactive Brokers chairman, joins 'Closing Bell Overtime' to talk quarterly results ahead of the investor call.
Persons: Thomas Peterffy Thomas Peterffy Organizations: Interactive
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFranklin Templeton CEO on $260 billion in alternatives, growth strategy and recent acquistionsFranklin Templeton President and CEO Jenny Johnson, joins 'Closing Bell' to discuss the growth strategy of the company and recent acquisitions.
Persons: Franklin Templeton, Jenny Johnson
A sell-off in semiconductors pulled stock indexes away from record highs. The decline overshadowed better-than-expected bank earnings results. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Meanwhile, a report that the US is considering export caps on specific chip sales only added to investor concern, pulling the broader chip sector lower. AdvertisementThe rout took attention from Tuesday's bank sector performance, as Goldman Sachs, Bank of America, and Citigroup beat earnings estimates.
Persons: , Goldman Sachs, Israel, Brent Organizations: Service, Nasdaq, Nvidia, Broadcom, Taiwan Semiconductor Manufacturing Company, Bank of America, Citigroup Locations: Dutch, Israel, Iran, Iranian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Wealth Enhancement’s Ayako Yoshioka, SoFi’s Liz Young Thomas and Requisite’s Bryn TalkingtonWealth Enhancement’s Ayako Yoshioka, SoFi’s Liz Young Thomas and Requisite’s Bryn Talkington, join 'Closing Bell' to discuss the markets, earnings growth and their year-end outlooks.
Persons: SoFi’s Liz Young Thomas, Requisite’s Bryn, Requisite’s Bryn Talkington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe developed 'best in class' enterprise travel expense solution, says Brex CEO on Navan partnershipAriel Cohen, Navan CEO and Pedro Franceschi, Brex CEO, join 'Closing Bell Overtime' to talk new partnership for corporate travel expenses.
Persons: Ariel Cohen, Pedro Franceschi Organizations: Navan Locations: Navan
Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStocks were mixed Tuesday morning as traders assessed the latest earnings, though several results before the bell helped strike a positive tone in early trading. While earnings will be this week's focal point, investors will also watch for September's retail sales and initial jobless claims to release on Thursday. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Tuesday:AdvertisementHere's what else is going on:In commodities, bonds, and crypto:
Persons: , Goldman Sachs, Wells Fargo, Brent, Adriana Kugler, Mary Daly Organizations: Service, Citigroup, Bank of America, Dow Jones, JPMorgan Locations: Israel, Here's
Following the trade, Jim Cramer's Charitable Trust will own 575 shares of AMD, increasing its weighting to 2.70% from 2.35%. We also liked how she raised AMD's total addressable market forecast for AI chips to over $500 billion by 2028. As for fellow Club stock Nvidia , it's always good to remember that demand is so strong that its chips are on allocation. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer's, We've, Lisa Su's, Biden, it's, Jim Cramer, Jim Organizations: AMD, Bloomberg News, Nvidia, Microsoft, Club, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoft landing is 'most likely' outcome, says Allianz' Mohamed El-ErianMohamed El-Erian, Allianz chief economic advisor, joins 'Closing Bell Overtime' to talk the market, the state of the U.S. economy, crude oil's pullback and more.
Persons: Mohamed El, Erian Mohamed El Organizations: Allianz, Erian Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalamos CEO on the market, alternative investing and his investment strategyJohn Koudounis, Calamos Investments president and CEO, joins 'Closing Bell' to discuss the markets, alternative investing and the company's investing strategy.
Persons: John Koudounis Organizations: Calamos Investments
A new VTOL drone designed to fly at six tons was just completed in China, per a local report. The Lanying R6000 is meant to take up to 10 passengers, fly up to 2,400 miles, and reach 340 mph. The Lanying R6000 is expected to debut at the 2024 Zhuhai Air Show, which runs from Nov 12 to 17. United Aircraft told reporters at the Singapore Airshow that it was preparing the aircraft for civilian jobs like cargo or passenger transport. United Aircraft did not respond to a request for comment from Business Insider.
Persons: it's, , Tian Gangyin Organizations: Service, Aircraft, Wuhu, United Aircraft, Bell Boeing, Singapore Airshow, United, Singapore, United Aircraft's, Business Insider, National Locations: China, Anhui, Shenzhen, Wuhu City, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Navan CEO Ariel Cohen and Brex CEO Pedro FranceschiAriel Cohen, Navan CEO and Pedro Franceschi, Brex CEO, join 'Closing Bell Overtime' to talk new partnership for corporate expenses.
Persons: Ariel Cohen, Pedro Franceschi Ariel Cohen, Pedro Franceschi Organizations: Navan
Opening Bell: October 15, 2024
  + stars: | 2024-10-15 | 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: October 15, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from October 15, 2024.
Organizations: New York Stock Exchange, Nasdaq
Goldman Sachs to report third-quarter earnings
  + stars: | 2024-10-15 | by ( Hugh Son | ) www.cnbc.com   time to read: +1 min
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. Goldman's asset and wealth management division is also positioned to benefit from rising asset values across markets as rates decline. Last week, rival JPMorgan Chase set expectations high with better-than-anticipated results from trading and investment banking, factors that helped the bank top earnings estimates. Wells Fargo also exceeded estimates on Friday on the back of its investment banking division.
Persons: David Solomon, Goldman Sachs, Goldman, JPMorgan Chase, Wells Fargo Organizations: LSEG Revenue, Trading, Wealth Management, Goldman, JPMorgan, & $ Locations: Davos, Switzerland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect to see market volatility going into the election, says Requisite’s Bryn TalkingtonWealth Enhancement’s Ayako Yoshioka, SoFi’s Liz Young Thomer and Requisite’s Bryn Talkington, join 'Closing Bell' to discuss the markets, earnings growth and their year-end outlooks.
Persons: Requisite’s, SoFi’s Liz Young Thomer, Bryn Talkington
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