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☆ US economy could face higher inflation and slower growth when Trump takes office, 'Dr. Doom' economist Nouriel Roubini says
▼ + stars: | 2024-11-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementNouriel Roubini thinks higher inflation and slower growth are coming on the back of Trump's policies. "Some of the economic policies may lead to higher economic growth," Roubini said, pointing to Trump's push to loosen regulation and slash the corporate tax rate. "But unfortunately, many of the other policies have the implication of higher inflation and lower economic growth." AdvertisementOther forecasters have also warned of the potential for higher inflation in Trump's second term. Trump, though, has repeatedly disputed the idea that his policies are inflationary and said he would lower prices for Americans.

Persons: Roubini, Roubini —, Doom, —, Trump, Taylor Rogers Organizations: Bloomberg, Social Security, Committee, Federal, Deutsche Bank, Trump, White, Republican National Committee Locations: stoke, Mexico, Canada, China

☆ Elon Musk's hunger for chips is taxing Nvidia's capacity to make them: report
▼ + stars: | 2024-11-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

AdvertisementElon Musk's demand for Nvidia chips has put pressure on the company to deliver. Nvidia is feeling the pressure from trying to meet Elon Musk's insatiable demand for chips. Musk's demand for chips was straining the chip giant's supply chain, a sales lead for Nvidia told colleagues in an email obtained by The Wall Street Journal. In June, CNBC reported that Musk had redirected $500 million worth of Nvidia chips from Tesla to X and xAI. Then, in September, Musk announced that xAI had brought a massive new training cluster of Nvidia chips online.

Persons: Elon, Mark Zuckerberg, Meta, Zuckerberg, Musk, Tesla, xAI, Jensen Huang, Huang, Larry Ellison, Jensen, Ellison Organizations: Elon, Nvidia, Wall Street, CNBC, Oracle Locations: Memphis , Tennessee

☆ Buy a building, get a Banksy. ‘Well Hung Lover’ Bristol property goes on sale
▼ + stars: | 2024-11-28 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +2 min

London CNN —A Banksy mural in Bristol, southwestern England, is set to be sold at auction next year, along with the building it was created on. “Well Hung Lover” was painted on the side of a building on Bristol’s Frogmore Street in 2006, with the city’s residents later voting to keep the mural. The building, which once housed a sexual health clinic, will be put up for auction by Hollis Morgan, an estate agency and auction house in Bristol. While the future owner has to ensure the “Well Hung Lover” stays put, they have no obligation to maintain it. Last year, a Banksy mural in Dover, southern England, valued at around £1 million ($1.2 million), was lost for good after the building it was painted on was knocked down.

Persons: London CNN —, Hollis Morgan, ”, weathers, it’s Organizations: London CNN, European Union, Britain Locations: Bristol, England, Dover

☆ Asia markets set to open mixed after Wall Street rally stalls; Bank of Korea rate decision in focus
▼ + stars: | 2024-11-28 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Asia-Pacific markets were poised to open mixed after Wall Street rally stalled overnight even as inflation data came in line with expectations. The U.S. personal consumption expenditure price index, or PCE, rose 2.3% on an annualized basis, accelerating from 2.1% in September. The Bank of Korea is expected to hold its benchmark rate unchanged at 3.25% when its monetary policy committee meets later in the day, according to a Reuters poll of economists. Hong Kong's Hang Seng index futures were at 19,618, higher than the HSI's last close of 19,603.13.

Organizations: Wall, Reuters, Bank of, Nikkei Locations: Seoul, Asia, Pacific, Bank of Korea, Chicago, Osaka

☆ Russia will likely send North Korean troops to the most dangerous spots to fight, says South Korea
▼ + stars: | 2024-11-28 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementNorth Korean troops sent to aid Russia will likely be deployed to the most dangerous fighting spots. That's according to South Korea's defense minister, who said they'd likely be used as "cannon fodder." North Korean forces have already taken casualties, per reports. North Korean troops fighting alongside Russian forces will likely be sent to some of the most dangerous spots in the war, Kim Yong-Hyun, South Korea's defense minister, said on Thursday. North Korea has sent thousands of troops to aid Russia in its war efforts, according to officials from South Korea, Ukraine, and the US.

Persons: they'd, Kim Yong, Kim, Joonkook Hwang, South, Andrii Kovalenko, Volodymyr Zelenskyy, Dmytro Ponomarenko, Kim Song Organizations: Russian, North, Yonhap News Agency, UN, Financial, Shadow, Street Journal, Western, Storm, Ukraine's Center, Bloomberg, UN Security Locations: Russia, South, Korea, South Korea, Ukraine, Korean, Kursk, North Korea

Panera Bread has hired a prominent crisis manager while the bakery-café chain navigates ongoing lawsuits over its highly caffeinated Charged Lemonade and plans a long-awaited initial public offering. The confidential settlement was with the family of Sarah Katz, an Ivy League student with a heart condition who died after drinking Charged Lemonade in September 2022. Dispensers for Charged Lemonade at Panera Bread in Walnut Creek, Calif., in 2023. The Charged Lemonade also had guarana extract, another stimulant, as well as the equivalent of nearly 30 teaspoons of sugar in the large size, the court documents added. It also displayed signage in stores cautioning that Charged Lemonade should be consumed in moderation.

Persons: Brooke Buchanan, Buchanan, Panera, Edelman, Elizabeth Holmes, Sarah Katz, Kline, Specter, Elizabeth Crawford, Crawford, Smith, Sen, John McCain Organizations: NBC News, Justice Department, Securities and Exchange Commission, Centers, Medicare, Services, Ivy League, Kline, Getty, Food and Drug Administration, Foods, Whole Foods, Walmart, JCPenney, Red, Street Journal Locations: U.S, Philadelphia, Florida, Walnut Creek, Calif, Missouri, Theranos, New York, Williams, Sonoma

☆ Democrat Derek Tran unseats GOP Michelle Steel in razor-thin Orange County House race
▼ + stars: | 2024-11-27 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

Democrat Derek Tran has defeated Republican incumbent Michelle Steel for a House seat representing California’s Orange County and Los Angeles, NBC News projects, after a contentious race that centered on the candidates’ Asian American identities and use of aggressive anti-China messaging. Tran has performed better with voters in Los Angeles County, where he has had a significant lead over Steel. But the race is tighter in Orange County, the bulk of the district, where voters have repeatedly flipped between red and blue over the past election cycles. She previously served as a supervisor and chairwoman of the Orange County Board of Supervisors before running for Congress. Don Luong, a history teacher and longtime Orange County voter, said the back-and-forth has distracted from the candidates’ actual platforms.

Persons: Derek Tran, Michelle Steel, Tran, Steel, ” “, ” Tran, “ Michelle can’t, ” Steel, Don Luong, ” Luong, “ We’re, didn’t, Luong, “, ”, Sheng Thao, Pamela Price Organizations: NBC News, Army, Steel, Congressional, Asian, Congress, Consumer, VietFace, NBC, “, Oakland Locations: California’s Orange County, Los Angeles, China, Los Angeles County, Orange County, California, Vietnam, Communist China, Orange, mailers, Alameda County

A Delta flight attendant slashed a co-worker and hotel security guard after a late night and early morning of heavy, “blacked out” drinking, officials said Wednesday. Smith and “several other coworkers were returning to their” riverfront hotel when he started bickering with the victim, New Orleans police said in a statement. While Smith was booked for attempted murder, defense lawyer Thomas Calogero said his client shouldn’t be charged with that alleged crime once the case reaches prosecutors. Calogero said he highly doubts his client will ever be able to work as a flight attendant again. I mean I’m sure he’s going to lose his job at Delta,” the lawyer said.

Persons: Joshua Smith, Smith, “, Thomas Calogero, Calogero, ” Organizations: New Orleans police, Poydras, Delta, Association of Locations: New Orleans

☆ Fed's preferred inflation gauge rises to 2.3% annually, meeting expectations
▼ + stars: | 2024-11-27 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +3 min

The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September. The annual rate was 0.1 percentage point above the prior month. Odds of a quarter percentage point reduction in the central bank’s key borrowing rate were at 66% Wednesday morning, according to the CME Group’s FedWatch measure. The release follows consecutive rate cuts by the Fed in September and November totaling three quarters of a percentage point.

Persons: Dow, Stocks Organizations: Federal, Commerce Department, Dow Jones, Nasdaq, Treasury, Fed, Labor

The parade begins on West 77th Street & Central Park West at 8:30 a.m. Central Park West: Great views can be found along Central Park West from West 75th to West 61st Streets. There is no public viewing on Central Park West between West 59th & West 60th Streets, though. Great views can be found along Central Park West from West 75th to West 61st Streets. There is no public viewing on Central Park West between West 59th & West 60th Streets, though.

Persons: Savannah Guthrie, Hoda Kotb, Al Roker, Peacock, Jennifer Hudson, Lea Salonga, Rachel Platten, Idina Menzel, Dan + Shay, TikToker, Tiler Peck, Roman Mejia, Ellie, Santa Claus, Eugene Gologursky, Minnie Mouse, John Romita Sr, Jenna Ortega Organizations: Street, Central Park West, Herald Square, New York City, West, Park, &, NBC, NBCUniversal, NBC News, WNBA, New York Liberty, Broadway, MetLife, The Bronx Zoo, Netflix, West 72nd, Columbus Locations: New York, West, Santa, East Rutherford, N.J

☆ Supporters of Pakistan’s Imran Khan call off protest, local media says
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

ISLAMABAD, Pakistan — Former Pakistani Prime Minister Imran Khan’s party suspended street protests demanding his release from jail after a sweeping midnight raid by security forces in the capital, Islamabad, in which hundreds of people were arrested, local media reported Wednesday. On Wednesday morning, city workers were cleaning up debris and clearing some of the shipping containers that had blocked roads around the capital. PTI had planned on staging a sit-in in the red zone until the release of Khan, who has been in jail since August last year. PTI’s president for the city of Peshawar in the party’s northern stronghold of Khyber Pakhtunkhwa province said the party had called off the protest. He said that Bushra Bibi as well as Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur, a key Khan ally, had returned “safely” to the province from the capital.

Persons: Imran Khan’s, Khan’s, Bushra Bibi, Khan, ” Mohammad Asim, Ali Amin Gandapur, “ Organizations: Former Pakistani, Geo, PTI, Geo News, Reuters Locations: ISLAMABAD, Pakistan, Islamabad, Peshawar, Khyber Pakhtunkhwa

☆ Assault trial for man accused in wrong-door shooting of Ralph Yarl moves forward
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +3 min

Prosecution of an 86-year-old white man charged in the wrong-door injury shooting of a Black teenager in Kansas City, Missouri, last year will move forward, a judge indicated Tuesday. Cleo Nagbe, mother of Ralph Yarl, said the teen's family is pleased the case remained on schedule. “The family of Ralph Yarl is grateful that the trial against Andrew Lester is moving forward,” she said in a statement sent to NBC affiliate KSHB of Kansas City, Missouri. After the shooting, Yarl sought help from the residents of neighboring homes, his family's lawyers said, and was eventually hospitalized. If Lester is successfully prosecuted on the assault charge, he faces a maximum sentence of life in prison.

Persons: Andrew Lester, David P, Chamberlain, hasn't, Cleo Nagbe, Ralph Yarl, ”, Ralph, Lester, Yarl, Gwyneth Paltrow, Halle Berry, Chrissy Teigen, Kim Kardashian, Viola Davis, “, he's Organizations: NBC, Street, Northeast 115th Locations: Kansas City , Missouri, Clay, Northeast

☆ Inflection in beauty that the street expects next year unlikely, says William Blair's Dylan Carden
▼ + stars: | 2024-11-27 | 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 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

☆ Elon Musk just deepened his rivalry with Sam Altman
▼ + stars: | 2024-11-27 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

AdvertisementElon Musk's xAI is reportedly close to unveiling a chatbot app similar to OpenAI's ChatGPT. Elon Musk's xAI is reportedly planning an app that could expand its chatbot's reach to a much wider audience and take on ChatGPT. xAI could release the chatbot app as soon as December, The Wall Street Journal reported on Wednesday. The app, if it materializes, would be another sign that xAI and Musk are trying to take on ChatGPT-maker OpenAI. A chatbot app would be its first product offered directly to consumers.

Persons: xAI, OpenAI, Elon Musk's xAI, Sam Altman, Musk Organizations: Elon, Street Journal, Street, Business, Twitter, Financial Times

☆ Get ready to pay more at Chipotle
▼ + stars: | 2024-11-27 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

Chipotle's sales rose 6% last quarter, showing resilience amid fast food price hikes. AdvertisementDespite the potential for higher menu prices, Chipotle remains a better value option for customers than similar alternatives, Rymer said, per the Journal. Inflation has not been kind to fast food prices. AdvertisementUnlike some fast food firms, whose sales have taken a tumble as customers have cut back, Chipotle has shown resilience. Chipotle did not immediately respond to a request for comment from Business Insider, made outside regular working hours.

Persons: Adam Rymer, Chipotle, Rymer, Brian Niccol, Niccol, Scott Boatwright Organizations: Wall Street Journal, Wall, Starbucks, McDonald's, KFC, Revenue, Business Locations: Chipotle, Olive

☆ Instead of spending Thanksgiving at home, we take advantage of the time off to travel. We've made core memories.
▼ + stars: | 2024-11-27 | by ( Michelle Arellano Martin | ) www.businessinsider.com time to read: +6 min

AdvertisementWe love extending our Thanksgiving break for a more affordable, less crowded offseason holiday. Instead of spending Thanksgiving at home, our family takes advantage of the school break to go abroad for unique experiences. For Thanksgiving, he took us to Temple Street Night Market, where he perused buckets of fresh fish, explained the differences to our kids, and ordered a feast. Peru should be experienced once in a lifetime at leastA sojourn through Peru started in Cusco, accompanied by good friends. We stayed in a former monastery where incense and Gregorian chants filled the hallways, stocked up on textiles from the local market, discovered chicha and made chocolate from raw cacao.

Persons: Machu Picchu, Lin, Hong Kong, Bruno Mars, Michelle Arellano Martin Organizations: Big, La Boca, Aguas Calientes, Sydney Opera House, Raymis Locations: Machu, Buenos Aires, Hong Kong, ceviche, Peru, London, Lantau, Maldives, Hong, Argentina, empanadas, La, Palermo, Mendoza, Cusco, Aguas, Australia, Ecuador Ecuador, Quito, Cuenca, Ecuador, California, Basque

☆ Inside a Legendary New York Hotel, a Home With Wall-to-Wall Tiger Print
▼ + stars: | 2024-11-27 | by ( Alexa Brazilian | Christopher Sturman | ) www.nytimes.com time to read: +1 min

“IT HAS THE spirit of a loft,” says the interior designer Martin Brûlé, surveying the apartment that inhabits an entire floor of the Sherry-Netherland, the 38-story Jazz Age Fifth Avenue co-op and hotel overlooking Central Park at 59th Street. “The stereotype of a New York loft is that it’s downtown with this artsy feeling, mismatched furniture. Well, this space has all those elements. Brûlé has since transformed the 11,000 square feet, which once housed the hotel’s barbershop, gym and several offices, into a wildly imaginative and distinctively uptown version of open-plan living. A sensuous lounge and screening room lead to a celestial primary suite and an adjoining boudoir on the north side.

Persons: ”, Martin Brûlé, Sherry, Netherland, Brûlé Locations: Central, New York, Montreal, American, Paris

☆ I've worked in San Francisco, Chicago, and Silicon Valley. Only one has the best mix for career, family, and socializing.
▼ + stars: | 2024-11-27 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

AdvertisementMike Manalac has worked in the tech hubs of San Francisco, Silicon Valley, and Chicago since 2016. Over the past eight years, I've worked in the tech scenes of San Francisco, Silicon Valley, and Chicago. Mike ManalacI moved to San Francisco in 2016 to pursue world-class career opportunities and adventure. As a young professional with limited life responsibilities, San Francisco turned out to be the perfect place to live fast and loose. Overall, though, it's hard to beat Chicago's mix of career opportunities, vibrant social scene, and opportunities to start a family.

Persons: Mike Manalac, Manalac, It's, I've, Shou Zi Chew, I'd, San, PwC, Uber, San Francisco, Mike Manalac It's, Walmart's, we'd, San Francisco — that's, it's, you've, Jane Zhang Organizations: Chicago, Google, Area, Twitter, Walmart's eCommerce, Silicon Valley, Fortune, dotting Locations: San Francisco, Silicon Valley, Chicago, Singapore, Francisco, Baltimore, PwC, San, Dolores, Dolores Park, Tenderloin, San Bruno, Sunnyvale, Silicon, Mountain, Michigan, Maryland, Chicago's, Chicago's Lake Michigan

☆ European markets set for a shaky start amid Trump tariff threat
▼ + stars: | 2024-11-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a mixed open Wednesday as investors continued to assess the potential impact of President-elect Donald Trump's plans to hike tariffs. Economists have warned of the potential inflationary impact of Trump's fiscal plan, which could see the U.S. Federal Reserve cutting interest rates at a slower pace. Overnight, Asia-Pacific markets were mixed Wednesday, following gains on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average reach new intraday and closing records. U.S. stock futures were little changed on Wednesday morning as traders await the release of the Fed's favorite inflation gauge: the personal consumption expenditures price index. Earnings are set to come from Easyjet and data releases include German and French consumer confidence.

Persons: Donald Trump's, Germany's DAX, Trump Organizations: France's CAC, IG, U.S . Federal Reserve, Dow Jones Locations: Mexico, Canada, Asia, Pacific

☆ The Sidewalk Fruit Vendor Who Sold a $6.2 Million Banana for 25 Cents
▼ + stars: | 2024-11-27 | by ( Sarah Maslin Nir | ) www.nytimes.com time to read: 1 min

At the fruit stand where he works on Manhattan’s Upper East Side, Shah Alam sells dozens of bananas a day at 35 cents a piece, or four for a dollar. He does a brisk business in cheap fruit outside Sotheby’s auction house; inside, art can sell for millions. But last Wednesday, Mr. Alam sold a banana that a short time later would be auctioned as part of a work of absurdist art, won by a cryptocurrency entrepreneur for $5.2 million plus more than $1 million in auction-house fees. A few days after the sale, as Mr. Alam stood in the rain on York Avenue and East 72nd Street, snapping bananas free of their bunches, he learned from a reporter what had become of the fruit: It had been duct-taped to a wall as part of a work by the Italian artist Maurizio Cattelan, and sold to Justin Sun, the Chinese founder of a cryptocurrency platform.

Persons: Shah Alam, Alam, Maurizio Cattelan, Justin Sun Locations: York, Italian

☆ The world reacts to Donald Trump's latest trade plans
▼ + stars: | 2024-11-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, the world reacts to Donald Trump's latest trade plans , which could be a massive negotiation tactic . Michael M. Santiago/Getty ImagesThe man who dubbed himself a master negotiator is upending the global trade market with his latest tactic. AdvertisementThe world is reacting to President-elect Donald Trump's new trade proposals targeting China, Mexico, and Canada. There's a lot to unpack, so let's break it down:So, Trump finally gave us an update on his tariff plans. He's telegraphed his plans for hammering Chinese imports, but a 25% tax on Canadian and Mexican goods was a shock.

Persons: Donald Trump's, Trump, Michael M, He's, Will, Justin Trudeau, Claudia Sheinbaum's, Jenny Chang, Rodriguez, Goldman, Scott Wren, Wells Fargo's, They've, Elon Musk's, Omead Afshar, Afshar, Prince Williams, Bill Clark, Astrida Valigorsky, Alyssa Powell, Kendrick Lamar, Drake, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Affordable, Canadian, Trump, US, Companies, Getty, JPMorgan, Deutsche Bank, BI, Tesla, North, Spotify, Universal Music, Wall Street Locations: China, Russia, Mexico, Canada, Canada's, East, New York, Chicago, London

☆ In pictures: Thanksgiving week in America
▼ + stars: | 2024-11-27 | by ( Brett Roegiers | ) edition.cnn.com time to read: 1 min

Thanksgiving week is underway in America. Almost 80 million people are expected to travel this week, according to AAA. On Thursday, people across the country watched the Macy's Thanksgiving Day Parade, held every year in New York City. Editor's note: Get a street-side view of the biggest Thanksgiving Day parades around the country. Watch “Thanksgiving in America” on CNN and CNN Max starting at 8 a.m.

Persons: CNN Max Organizations: Airports, AAA, America ”, CNN Locations: America, New York City

☆ 3 Americans released from China in prisoner swap
▼ + stars: | 2024-11-27 | 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 Email3 Americans released from China in prisoner swapCNBC's Eamon Javers joins 'Squawk on the Street' with the latest news.

Persons: Eamon Javers Locations: China

☆ Musk, Ramaswamy to discuss DOGE with GOP leaders on Capitol Hill Dec. 5
▼ + stars: | 2024-11-27 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Elon Musk and Vivek Ramaswamy will visit Capitol Hill to discuss government reform with Republican congressional leaders Dec. 5, House Speaker Mike Johnson, R-La., announced Wednesday. Johnson said the entrepreneurs will "discuss major reform ideas to achieve regulatory rescissions, administrative reductions, and cost savings" with GOP lawmakers. President-elect Donald Trump has named Musk and Ramaswamy co-chairs of a new outside advisory commission they have dubbed the Department of Government Efficiency (DOGE). Next week's planned meeting is the latest indication that Republican leaders in Congress are taking Musk and Ramaswamy seriously. Yet even the best efforts of Republican leaders in Congress may not be enough to enact many of these ideas.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Mike Johnson, Johnson, Ramaswamy, Musk, Spokespeople Organizations: SpaceX, Capitol, Republican, GOP, Department of Government Efficiency, White, Office of Management, Congress, Corporation for Public Broadcasting, Consumer Financial Protection Bureau, Tesla Locations: Brownsville , Texas, U.S

☆ Financials are the best-performing stocks of 2024. Here's one corner that could do especially well
▼ + stars: | 2024-11-27 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Financial stocks are the best-performing group in 2024 and, even though they're widely thought to have more room to run as a sector, a subset of them are even more favorably positioned. The S & P 500 financial sector has surged 36% so far this year, outpacing both the communication services and information technology sectors that contain all the high-flying megacap technology stocks. XLF YTD mountain Financial Select Sector SPDR Fund (XLF) in 2024. "If this bull market persists, the upside in those fintech names could be 3-4x what we see in the overall XLF," Ginsberg said. Financial stocks may be punished first in the event of a correction in the broader market, Ginsberg said.

Persons: outpacing, Donald Trump's, They've, Trump, Sam Stovall, Rob Ginsberg, Ginsberg Organizations: Basel, CFRA Research, Wolfe Research, P Bank ETF, CNBC, PayPal

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