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CrowdStrike delivered a very good quarter after Tuesday's closing bell, with management raising its full-year outlook on sales, operating income, and earnings. Mortgage rates dropped last week, pushing home loans for purchases up 12% week over week and 52% year over year. Best Buy shares were steady Wednesday morning after their nearly 5% post-earnings drop in the previous session. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: CrowdStrike, Wells, Donald Trump, Kevin Hassett, Hassett, Stanley Black, Decker, Jim Cramer, We're, — CNBC's Zev Fima, Jim Cramer's, Jim Organizations: Dow, Nasdaq, Street, RBC, Dell, HP, Wall Street, National Economic Council, of Economic Advisers, Apple, Financial Times, Citi, holding's, Disney, Comcast's Universal, Paramount, Comcast, NBC Universal, CNBC, Jim Cramer's Charitable Locations: Wells Fargo, China
EasyJet on Tuesday said it made a record £3.59 billion ($4.5 billion) from charging passengers for flight add-ons such as extra baggage in the full year to October, as the budget airline's CEO criticized a recent Spanish fine over the practice. Many airlines have stripped back what they include in their flight fares in recent years, instead relying on cashing in more from individual add-ons, as competition to offer ultra-low cost base fares intensifies. "We completely disagree with that, we think it goes completely against European law and European law's going to trump that," easyJet CEO Johan Lundgren told CNBC's "Squawk Box Europe" on Tuesday. "It's a highly unfair idea that you should not be able to offer products and services targeted for those people who want to use that. Spain's Association of Airlines (ALA), Ryanair, Norwegian and easyJet last week all criticized the fines and said they would dispute them.
Persons: Spain's, EasyJet, Johan Lundgren, CNBC's, easyJet Organizations: Spain's Ministry of Consumer Rights, Ryanair, Spain's Association of Airlines, ALA
China's industrial profits dropped by 10% in October from a year ago, in another sign that Beijing's stimulus measures have yet to reverse a slump in corporate earnings. Industrial profits are a key gauge of the financial health of factories, mines and utilities in China. In the first ten months, profits at China's industrial firms decreased by 4.3% from a year ago, the National Bureau of Statistics said in a statement Wednesday. China's consumer price index in October rose slower than expected, edging up 0.3% from a year ago, marking the slowest rise since June. Meanwhile, producer price index fell 2.9% on year, showing that deflation deepened from the 2.8% drop in the prior month.
Persons: — CNBC's Evelyn Cheng Organizations: National Bureau of Statistics, PMI Locations: Oriental, Lianyungang Port, Lianyungang, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFewer international travelers visit the U.S. as inbound tourists fall 10% since 2019CNBC's Seema Mody reports on an obstacle for the U.S. travel industry.
Persons: Seema Mody
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI gets $1.5 billion investment from SoftBank in tender offern a tender offerCNBC's Kate Rooney joins 'Squawk Box' to discuss the latest news from OpenAI.
Persons: Kate Rooney Locations: OpenAI
Nordstrom's third-quarter revenue of $3.46 billion did come in above the $3.35 billion LSEG consensus. HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share, versus a FactSet estimate of 85 cents per share. Dell Technologies — The PC maker saw shares plunge 13% after the firm reported a revenue miss and forecast fourth-quarter revenue and earnings below Wall Street expectations. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Analysts surveyed by LSEG were looking for earnings of $2.12 per share on $1.62 billion in revenue.
Persons: Nordstrom, Erik Nordstrom, Nordstrom's, Stocks, Robinhood, George Kurtz, Ambarella, LSEG, StreetAccount, Janesh Moorjani, SolarEdge, Symbotic, Yun Li, Tanaya Macheel, Michelle Fox, Jesse Pound, Samantha Subin, Sean Conlon Organizations: HP —, HP, Outfitters, LSEG, Revenue, Dell Technologies, Dell, Autodesk, SolarEdge Technologies
Bitcoin on Wednesday climbed back above $95,000, recovering slightly from a pullback this week that knocked it from record levels. The broader crypto market, as measured by the CoinDesk 20 index, gained 5%. Although bitcoin is widely viewed as a store of value and a digital alternative to gold, the cryptocurrency often trades in tandem with the stock market. "The bitcoin bull market has legs," Alex Thorn, head of firmwide research at Galaxy Digital, said in a report Wednesday. Bitcoin is up 124% for the year and is still widely expected to reach the $100,000 milestone before the year is over.
Persons: Bitcoin, cryptocurrency, bitcoin, Coinbase, Trump, Alex Thorn, Biden, Katie Stockton, CNBC's, Organizations: Wednesday, Metrics, Nasdaq, Dow Jones Industrial, Galaxy Digital Locations: U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflection in beauty that the street expects next year unlikely, says William Blair's Dylan CardenDylan Carden, William Blair analyst, joins CNBC's 'The Exchange' to discuss outlooks on the beauty industry.
Persons: William Blair's Dylan Carden Dylan Carden, William Blair
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFight for control of the House Financial Services Committee heats upCNBC's Emily Wilkins reports on the fight for control of the House Financial Services Committee.
Persons: Emily Wilkins Organizations: Financial, Financial Services
Nvidia unveils AI audio model
  + stars: | 2024-11-26 | 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 unveils AI audio modelCNBC's Deidre Bosa joins 'The Exchange' with the latest details about Nvidia.
Persons: Bosa Organizations: Nvidia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden administration plans to expand coverage of GLP-1 drugs for Americans with Medicare & MedicaidCNBC's Bertha Coombs joins 'Squawk on the Street' to report on Biden's administration plan to expand coverage of GLP-1 drugs for Americans with Medicare and Medicaid.
Persons: Bertha Coombs Organizations: Biden, Medicare
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Monday's full episode of the Halftime Report — November 26, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew homes sales in October could be the exception rather than the rule, says ICE's Andy WaldenAndy Walden, vice president of enterprise research at ICE, joins CNBC's 'The Exchange' to discuss outlooks on new home sales, the real estate market, and more.
Persons: Andy Walden Andy Walden Organizations: ICE
CNBC TechCheck Evening Edition: November 26, 2024
  + stars: | 2024-11-26 | 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 EmailCNBC TechCheck Evening Edition: November 26, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Investors didn't seem too bothered by President-elect Donald Trump 's new tariff threats Monday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, Donald Trump, Amgen, Eli Lilly, Lilly, Jim Cramer's, Trump, Jim, Bill Newlands, Roth MKM, Roth, Amit Mehta, Mehta, Trump's, Morgan Stanley, CNBC's Matthew J, Belvedere Organizations: CNBC, ., Nasdaq, Dow Jones, Dow, Novo Nordisk, Constellation Brands, Modelo, Corona, Justice Department, Anheuser, Busch InBev, Grupo, Google, Reuters, DOJ, Chrome, Economic, of Chicago, Labor Department, Jim Cramer's Charitable Locations: Mexico, China, United States, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Raymond James Investment Management's Matt OrtonMatt Orton, Raymond James Investment Management chief market strategist, joins CNBC's 'The Exchange' joins CNBC's 'The Exchange' to discuss market outlooks.
Persons: Raymond James Investment, Matt Orton Matt Orton, Raymond James Organizations: Raymond James Investment Management
New homes sales weaker-than-expected in October
  + stars: | 2024-11-26 | 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 EmailNew homes sales weaker-than-expected in OctoberCNBC's Diana Olick reports the latest on new home sales data.
Persons: Diana Olick
Stefani Reynolds | Bloomberg | 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. This time, it's revved up by Trump's Treasury secretary pick — Scott Bessent. "I would recommend that tariffs be layered in gradually," Bessent told CNBC earlier this month before his nomination. Small-cap stocks performed even better, probably because Bessent has expressed support for Trump's economic agenda, which would benefit smaller, domestically oriented companies.
Persons: SPX, Scott Bessent, Stefani Reynolds, it's, — Scott Bessent, Bessent, , Russell, Quincy Krosby, Alex Harring, Hakyung Kim Organizations: Key, Bloomberg, Getty, CNBC, Group, Trump, Dow Jones, Nasdaq, Treasury, LPL Locations: Washington , DC, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets have positive momentum & now is not the time to reduce risk, says Raymond James' Matt OrtonMatt Orton, Raymond James Investment Management chief market strategist, joins CNBC's 'The Exchange' joins CNBC's 'The Exchange' to discuss market outlooks.
Persons: Raymond James, Matt Orton Matt Orton Organizations: Raymond James Investment Management
And while these larger social media platforms still dwarf Bluesky, the startup now has more than 22 million users and is not showing any signs of slowing down. Bluesky had experienced a previous surge in July 2023 after X, then still named Twitter, temporarily limited the number of posts users could read per day. Just days before Musk officially took over Twitter, the Bluesky team publicly unveiled more details about their project and rolled out a waitlist for the Bluesky app. Despite Bluesky starting as a side project within Twitter, the startup has lost its last connection to the original micro-blogging app. Bluesky is looking for ways to support the users "who are actually the ones making the network awesome and fun," Wang said.
Persons: Rose Wang, Elon Musk's, Bluesky, Wang, David Carr, Carr, Jay Graber, Jack Dorsey, Jay, Graber, Daniel Holmgren, Paul Frazee, Dorsey, Parag Agrawal, Musk, Nostr, Jack, we're, Mark Zuckerberg, Jack Johnston, Johnston, Gen, That's, It's, Similarweb's Carr Organizations: Twitter, CNBC, Brazilian Supreme, Google, Yahoo, Myspace, Facebook, Anthropic, Delaware State, PBLLC, Bluesky, Blockchain Capital, Blockchain, cryptocurrency Locations: Brazil, San Francisco
CNBC's Jim Cramer told investors not to write off Big Tech megacap stocks, some of which were able to jump on Tuesday after recent declines. Cramer reviewed the action in stocks including Apple , Amazon , Nvidia , Microsoft and Meta . According to Cramer, Apple and Amazon are reaping the rewards of two positive analyst notes, with Bank of America praising the latter's e-commerce and online advertising businesses. Cramer was less certain about the reasons for Tuesday's wins in Meta and Microsoft. "Here's the bottom line: don't begrudge the megacaps," Cramer said.
Persons: CNBC's Jim Cramer, Cramer, Morgan Stanley, Tim Cook's, Donald Trump Organizations: Big Tech, Apple, Nvidia, Microsoft, Meta, Bank of America, President Locations: China
Oil giant Chevron's discount relative to peers has created an attractive entry point, according to Citi. Chevron is up just 7.5% year to date, lagging the S & P 500's 25% advance in that time. Rival Exxon Mobil has also outperformed Chevron, up 20% in 2024. Syme forecasts the valuation gap between Chevron and Exxon Mobil to reach "a historically wide gap" of 20% as soon as 2026. If the arbitration panel rules in favor of Exxon, Chevron's merger deal with Hess, announced earlier this year, will not close.
Persons: Alastair Syme, Syme, Hess, CNBC's Michael Bloom Organizations: Citi, Chevron, Exxon Mobil, ExxonMobil, Exxon Locations: Chevron, Guyana, Namibia, Kazakhstan
Trade Tracker: Stephanie Link buys Accenture
  + stars: | 2024-11-26 | 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 EmailTrade Tracker: Stephanie Link buys AccentureStephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to detail her recent buy in Accenture.
Persons: Stephanie Link, Accenture Stephanie Link, Hightower Organizations: Accenture
On top of that, almost 800 women a day died from "preventable causes" in pregnancy or childbirth in 2020, an "unacceptably high" figure, the WHO says. "Women's health [care] has been geared towards treating women who are sick and not keeping women well," said Amrish Nair, Biorithm's chief technology officer and co-founder. It can be used during contractions, providing information to clinicians for interventions where necessary. Femom's five electrodes capture electrical signals at the surface of the abdomen and transmit information to a dashboard, accessible by medical staff. "This device answer[s] a very basic question of all parents: how well is my baby?"
Persons: Amrish Nair, , Sihem, Tedjar, Thiam Chye Tan Organizations: World Health, WHO, CNBC Tech Locations: Singapore
Trade Tracker Jim Lebenthal sells General Motors
  + stars: | 2024-11-26 | 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 EmailTrade Tracker Jim Lebenthal sells General MotorsJim Lebenthal, chief equity strategist at Cerity Partners, joins CNBC's "Halftime Report" to explain why he's selling GM following the potential tariffs coming with the Trump administration.
Persons: Jim Lebenthal, Trump Organizations: General, Cerity Partners
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