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☆ The case for Honeywell breaking itself up gets even stronger after its Bombardier deal
▼ + stars: | 2024-12-03 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Honeywell 's new partnership with Canadian planemaker Bombardier makes it clear that the American industrial conglomerate's aerospace business should be operating on its own, Jim Cramer said Tuesday. The news Club holding Honeywell and Bombardier announced a research-and-development collaboration on aircraft technology, including cockpit systems, engines, and satellite communications. Big picture Honeywell's aerospace business is the crown jewel of its portfolio — a fact that is very much on display with the long-term Bombardier agreement. Honeywell currently has four operating segments: aerospace technologies, industrial automation, building automation, and energy and sustainability solutions (ESS). That unit is part of Honeywell's industrial automation segment.

Persons: Jim Cramer, Elliott, Cramer, Vimal Kapur, Kapur, Jim, Jeff Marks, We're, Goldman Sachs, it's, Jim Cramer's Organizations: Honeywell, Canadian, Bombardier, Club, Challenger, Global, Charlotte , North Carolina —, Elliott Management, Products, Carrier, Air Products, Electric, The Club, GE Healthcare, GE Vernova, Former General Electric, GE Aerospace, CNBC, Bombardier Challenger, Aviation, Getty Locations: Quebec, Charlotte , North Carolina, New York, New York City

☆ Morgan Stanley has a new AI stock play, that's applying the technology to law enforcement
▼ + stars: | 2024-12-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Axon Enterprise could be set up for continued gains in the months ahead, according to Morgan Stanley. Analyst Meta Marshall upgraded the stock to overweight, and her price target of $700 reflects about 10% upside from Monday's close. This comes as the stock has risen more than 146% year to date. "While the name is expensive and may need to grow into valuation given run YTD, over the long term, we see it as a core holding." "As a result, we are more willing to ascribe value to AI portfolio pulling through other products, which could lead to additional valuation upside (as prelim AI portfolio pull through is likely built into price after recent run)," Marshall continued.

Persons: Morgan Stanley, Meta Marshall, Marshall, FactSet –

☆ Bank of America double upgrades AI derivative play, sees shares jumping 60%
▼ + stars: | 2024-12-03 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Credo Technology , a maker of high-speed connectivity cables used in data infrastructure, can continue to capitalize on a growing business opportunity in the market for artificial intelligence equipment, Bank of America says . The investment bank double upgraded Credo to buy from underperform on Tuesday, and raised its price target to $80 per share from $27. CRDO YTD mountain Credo Technology shares in 2024. "[S]ignificant operating leverage could drive earnings growth much faster than sales for the next few years," Arya said. Credo shares have now surged 250% in 2024.

Persons: Vivek Arya, Arya Organizations: Technology, Bank of America, FactSet Locations: underperform

☆ Watch Tuesday's full episode of Mad Money with Jim Cramer — December 3, 2024
▼ + stars: | 2024-12-03 | 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 Tuesday's full episode of Mad Money with Jim Cramer — December 3, 2024"Mad Money" host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.

Persons: Jim Cramer —, Jim Cramer

☆ Watch Tuesday's full episode of the Halftime Report — December 3, 2024
▼ + stars: | 2024-12-03 | 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 Tuesday's full episode of the Halftime Report — December 3, 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

☆ CNBC Daily Open: Investors are filled with the holiday spirit
▼ + stars: | 2024-12-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This 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. $56 billion package for Musk deniedTesla CEO Elon Musk failed to get his $56 billion 2018 pay package reinstated. Crypto laws to pass 'quickly' in U.S. "We have the most pro-crypto Congress ever [in] history, we have an extraordinarily pro-crypto president coming into office," Shirzad told CNBC last week.

Persons: Carlos Tavares, Pat Gelsinger, David Zinsner, MJ Holthaus, Gelsinger, Elon Musk, Donald Trump, Faryar Shirzad, Shirzad Organizations: NYSE, The New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Intel, The, U.S . Federal, Traders Locations: New York City, Delaware, The U.S

☆ CNBC Markets Now: December 3, 2024
▼ + stars: | 2024-12-03 | 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 Markets Now: December 3, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 15-Year Mortgage RatesAverage 15-year mortgage rates have been hovering in the high 5% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Mortgage rates are still elevated, but over time they should ease as the Fed lowers rates.

Persons: we'll, Freddie Mac Organizations: Federal Reserve, Fed, Mortgage Research Center, Mortgage, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlockchain Association CEO discusses hopes for 2025 crypto legislation: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Blockchain Association CEO Kristin Smith discusses what she hopes President-elect Trump and the incoming Congress will prioritize in regards to crypto.

Persons: explainers, Kristin Smith, Trump Organizations: Blockchain, CNBC Crypto, CNBC

☆ JetBlue founder on competition in the airline industry
▼ + stars: | 2024-12-03 | 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 EmailJetBlue founder on competition in the airline industryDavid Neeleman, JetBlue founder and Azul Brazilian Airlines chairman and former CEO, joins 'Money Movers' to discuss if low-cost airline carriers can flourish in today's environment, if legacy carriers can have their market share taken, and JetBlue's position in the airline landscape.

Persons: David Neeleman Organizations: JetBlue, Azul Brazilian Airlines

☆ JPMorgan sees a modest market gain next year with threats coming from valuation, possible Fed hikes
▼ + stars: | 2024-12-03 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Risks may also arise as a result of "disruptive Trump policies triggering a crash landing" or sticky inflation leading to tighter financial conditions. For 2025, JPMorgan sets a 6,500 target on the S & P 500 with cumulative earnings per share pegged at $270. That suggests about 7.5% potential upside from Monday's close, after a year when the S & P 500 has soared more than 26.5%. .SPX YTD mountain S & P 500 performance this year. "[E]asing in rates should help broaden the earnings recovery within S & P 500 and across the size spectrum," Lakos-Buja said, referring to benefits accruing to mid- and small cap companies.

Persons: Dubravko Lakos, Buja, Donald Trump's Organizations: JPMorgan, U.S, Federal, U.S ., & $ Locations: China, U.S

☆ Cramer dives into what it takes for small businesses to be successful in today's world
▼ + stars: | 2024-12-03 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Cramer dives into what it takes for small businesses to be successful in today's world'Mad Money' host Jim Cramer shares his takeaways from his conversation with Shopify's president.

Persons: Cramer, Jim Cramer

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Citi, CVS, American Express, Amazon, Kroger & more
▼ + stars: | 2024-12-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bernstein downgrades FedEx to market perform from outperform Bernstein said it was downgrading FedEx ahead of earnings later this month due to fears about execution. "We are upgrading Citi to Outperform from Market Perform owing to its discounted valuation and the meaningful lag in its shares relative to peers since October earnings." Deutsche Bank upgrades CVS to buy from hold Deutsche says it sees "improving profitability" for CVS. BMO downgrades Kroger to market perform from outperform BMO says the grocery store stock is overvalued. Bank of America reiterates Apple as buy Bank of America says it's sticking with its buy rating Apple following data showing an increase in App Store revenue.

Persons: Wells, Bernstein, KBW, Jefferies, Morgan Stanley, CFRA, Tesla, it's, OLLI, Mgmt, Mizuho, MoffettNathanson, Moffett Organizations: Citi, Citigroup, FedEx, Deutsche Bank, CVS, Deutsche, BMO, Kroger, KR, American Express, Holdings, Bank of America, underperform Bank of America, Underperform, " Bank of America, Apple, Nvidia, Data Center, 2027E Locations: Wells Fargo, F1Q25, North America

☆ How Washington reacted to the Hunter Biden pardon: From the Politics Desk
▼ + stars: | 2024-12-02 | by ( The Politics Desk | ) www.nbcnews.com time to read: +8 min

In today's edition, our reporters go through President Joe Biden's pardon of his son — and the part that's particularly rankling fellow Democrats. Some Democrats bristle at Biden's pardon justificationBy Carol E. Lee, Sarah Fitzpatrick, Gary Grumbach and Dareh GregorianIt’s not just that President Joe Biden pardoned his son Hunter. The pardon comes after Biden repeatedly said he would not use his executive authority to pardon his son or commute his son’s sentence. “Does the Pardon given by Joe to Hunter include the J-6 Hostages, who have now been imprisoned for years? : White House press secretary Karine Jean-Pierre defended Biden’s decision to pardon his son, despite telling the press multiple times that the president had no such plans.

Persons: Joe Biden's, —, Mark Murray, Carol E, Lee, Sarah Fitzpatrick, Gary Grumbach, Joe Biden, Hunter, It’s, ”, Hunter Biden, “, Biden, Greg Stanton, Donald Trump, ” Stanton, Trump, Joe, ” Trump, David Weiss’s, Weiss, Harris, 🚨, Dru, ️ Organizations: NBC, White House, Capitol, Democratic, Democratic Party, Department of Justice, NBC News, Telemundo, CNBC, Trump, FDA Locations: Arizona, Stanton, California, Biden’s

A white former Kansas City, Kansas, police detective was found dead Monday on the day his federal civil rights trial was set to begin for allegedly sexually abusing Black women over decades, authorities said. An arrest warrant had been issued when Roger Golubski, 71, failed to appear at a federal courthouse in Topeka on the first day of jury selection. Golubski was charged in 2022 with federal civil rights crimes after he was accused of exploiting Black women for sex and framing people for crimes they say they did not commit. Golubski, who retired in 2010 after 35 years with the Kansas City Police Department, pleaded not guilty to six counts of deprivation of civil rights. The Kansas City Police Department has come under scrutiny over allegations of corruption and civil rights violations in recent years.

Persons: Roger Golubski, Kristen Clarke, Kate Brubacher, Golubski, Christopher Joseph, Joseph, Jay Z's, Dania Diaz, Diaz Organizations: of Justice, U.S, District of, Authorities, Kansas City Police Department, Nation, Kansas, Team ROC Locations: Kansas City , Kansas, Topeka, District of Kansas

☆ S&P 500 futures are little changed after index closes at record highs: Live updates
▼ + stars: | 2024-12-02 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Stock futures are near flat Monday night after the S&P 500 concluded the first session of December's trading month at an all-time closing high. S&P 500 futures and Nasdaq 100 futures both sat near their flatlines. Futures tied to the Dow Jones Industrial Average lost 26 points, or around 0.1%. Both the broad S&P 500 and technology-heavy Nasdaq Composite closed at records on Monday after hitting fresh intraday highs. Traders will also monitor Tuesday speeches from Fed Governor Adriana Kugler and Chicago Fed President Austan Goolsbee slated for the afternoon.

Persons: Dow, CME's, Sam Stovall, Adriana Kugler, Austan Goolsbee Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones Industrial, Labor, CFRA Research, Chicago Fed

☆ Watch Monday's full episode of the Halftime Report — December 2, 2024
▼ + stars: | 2024-12-02 | 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 Monday's full episode of the Halftime Report — December 2, 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

That means its ongoing Kindle Unlimited deal will leave soon, and time is running out to score 3 months for $1. Kindle Unlimited is a powerful service that, while not necessary for Kindle enjoyment, goes hand-in-hand with owning one. The best Cyber Monday Kindle Unlimited dealsAmazon Kindle Unlimited Subscription (3 Months) $1.00 $35.97 Save 97% Amazon's Kindle Unlimited offers access to millions of e-books and thousands of audiobooks as part of a monthly subscription. Best used with a Kindle e-readerCyber Monday Kindle Unlimited FAQsWhat is Kindle Unlimited? It usually costs $12 a month, making this ongoing Cyber Monday Kindle Unlimited deal an especially great call.

Persons: we've, you've Organizations: Business, Amazon, Kindle

☆ JPMorgan upgrades Gap, sees retailer's shares rising more than 20% from here
▼ + stars: | 2024-12-02 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

A number of key catalysts could drive more growth at Gap in the coming months, according to JPMorgan. GAP YTD mountain GAP, year-to-date Looking ahead, analyst Matthew Boss said the company is at an "inflection point" that could see its sales growing in the low- to mid-single digits. The company selected Mattel executive Richard Dickson to be CEO last July and JPMorgan recently met with Dickson and CFO Katrina O'Connell. Among the 20 analysts covering it, 11 have a hold rating, while eight have a strong buy or buy rating. Its average target of $27.99 still reflects some more gains, however, implying more than 15% upside ahead, as of Friday's close.

Persons: Matthew Boss, Richard Dickson, Dickson, Katrina O'Connell, Said, Dickson's, Boss Organizations: JPMorgan, GAP, Mattel

☆ CNBC Markets Now: December 2, 2024
▼ + stars: | 2024-12-02 | 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 Markets Now: December 2, 2024CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator.

Persons: Michael Santoli Organizations: CNBC

☆ Delaware judge strikes down Elon Musk's Tesla pay package for 2nd time
▼ + stars: | 2024-12-02 | by ( Grace Kay | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

AdvertisementA Delaware judge decided against reinstating Elon Musk's more than $55 billion pay package. Tesla shareholders approved Musk's pay package in June, after a judge voided it in January. A Delaware judge has once again slapped down Elon Musk's pay package from Tesla. A Delaware judge just overruled a supermajority of shareholders who own Tesla and who voted twice to pay @elonmusk what he’s worth. This ruling, if not overturned, means that judges and plaintiffs’ lawyers run Delaware… — Tesla (@Tesla) December 2, 2024Tesla investors voted to approve Musk's pay package for the second time in June.

Persons: Elon Musk's, Tesla, Kathaleen St, J, McCormick, Musk, weren't, Richard Tornetta — Organizations: Elon, Tesla, Delaware, Business, Bloomberg Locations: Delaware

View at Walmart What we like Check mark icon A check mark. Includes free 12-month membership to Nintendo Switch OnlineCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Walmart What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.

Persons: Mario, Zelda, you'll, We're, Dell, it's Organizations: Business, Gaming, Nintendo, Mario Kart, Nintendo Switch, Walmart, Microsoft, Nova, Nova Pro, Netflix, Xbox, Samsung, Sony PS5, Sony, VR, Meta, Asus, AMD, Dell, Wireless, Logitech, Lightspeed, Nvidia

View at ParamountStarz Semi-Annual Plan $23.94 $65.94 Save 64% The Starz streaming service offers several original shows and classic movies. Am I locked into a contract if I sign up for one of these Cyber Monday streaming deals? By default, once the deal you've signed up for ends, the streaming service will re-subscribe you for the regular price. Philo is already a very affordable live TV streaming service (especially compared to Sling and Fubo) and the cheapest way to watch Yellowstone season 5, part 2. Pair your new streaming deal with a brand new TV, as there are some excellent Cyber Monday TV deals live today.

Persons: we've, Max, HBO Max, Peacock, We'd, Harry Potter, Max Max, That's, it's, It's, There's, Hulu, you've, Tyson, We're, Ted Lasso, Philo Organizations: Business, HBO, Disney, Hulu, Disney Disney, Disney Plus, Hulu Max, NBC, Football, Peacock, Paramount, CBS, NFL, Nickelodeon, Comedy Central, BET, MTV, Showtime, Paramount Paramount, Paramount Plus Paramount, Paramount Plus, Paramount Starz, Starz, Starz Starz, Service, Sling TV, Elite, NFL RedZone, MGM, ESPN, MLB, NHL, UFC, Netflix, Apple, Foundation, Severance, Yellowstone Locations: Outlander

Learn moreThese limited-time Cyber Monday VPN deals mark the best time of year to sign up for one of the fantastic services. VPN subscription prices dramatically decrease the longer the term, and all of these Cyber Monday VPN deals are throwing in extra months for free. These VPN deals come with at least a 30-day money-back guarantee for added peace of mind. On top of that, it also throws in an additional four months free of charge. Check out our roundup of the best streaming services and Cyber Monday streaming deals if you're looking for something to watch.

Persons: we've, you'll, Pick, There's, Price, Stan Organizations: Business, Theft Insurance, PIA, Netflix, NFL, Max Locations: Australia

☆ Trump expected to argue he has presidential immunity now, as president-elect, in new bid to dismiss hush-money case
▼ + stars: | 2024-12-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Sentencing in the NY hush-money case has been indefinitely delayed by this latest dismissal bid. His hush-money case should therefore be immediately dismissed, and his 34 felony convictions wiped clean, his lawyers said last month that they plan to argue. Just how Trump leaps from presidential immunity to president-elect immunity has yet to be fleshed out. Jane Rosenberg/Pool Photo via APThe argument that a president-elect has immunitySo why does Trump believe he enjoys presidential immunity from prosecution even now, as president-elect? Advertisement"President Trump has already commenced this complex, sensitive, and intensely time-consuming process," the two lawyers wrote of the transition on November 8.

Persons: Trump, Donald Trump, Juan Merchan, Stormy Daniels, DANY's, Todd Blanche, Emil Bove, Blanche, Attorney Alvin Bragg, Bragg, —, SCOTUS, Jane Rosenberg, Bove, Jack Smith, Trump's, Justin Lane Organizations: US, New, Trump, Manhattan, Attorney's Office, District, Attorney, Prosecutors, New York Locations: New York, Bove, Manhattan

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