DIRS.INFO The most relevant business & tech news

☆ Morgan Stanley lets employees pitch AI uses. Here's how the firm puts those ideas into practice.
▼ + stars: | 2024-11-20 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

McMillan encourages employees to pitch new AI solutions. AdvertisementAs part of his role, McMillan co-chairs an AI steering group formalized earlier this year, with Global Director of Research Katy Huberty. Related storiesInside the 8-step processAlthough pitching AI solutions is open to anyone at the firm, there is some leg work involved. AdvertisementThe AI steering group meets every other week to listen to the pitches, usually going through five or six proposals. Every other week, the AI steering committee meets to review the status of these projects.

Persons: Jeff McMillan, Morgan Stanley's, Morgan Stanley, McMillan, who's, he's, Research Katy Huberty, AskResearch, you've Organizations: ChatGPT, Global, Research, Workers

☆ I'm an Australian living in the US. I love New Orleans, but there have been a few culture shocks along the way.
▼ + stars: | 2024-11-20 | by ( Ree Winter | ) www.businessinsider.com time to read: +6 min

AdvertisementI'm Australian but spend part of the year in New Orleans, and there's been some culture shock. Long before my first visit to New Orleans, I fell in love with the US city's historic culture. I'm still getting used to American coffeeI don't see much drip coffee in Australia, but it's everywhere in the US. I'm used to a certain standard and flavor. Bubbers BB/ShutterstockCompared to what I'm used to in Australia, everything is supersized in the US.

Persons: there's, I'd, I've, I'm, Shutterstock, DiAnna Paulk, it's, Brent Hofacker, Bubbers, wasn't Organizations: US, Taco Bell, New Orleans In New Orleans — Locations: New Orleans, Australia, Shutterstock, Orleans, States, New Orleans In New Orleans

☆ TJ Maxx parent says holiday shopping is off to a 'strong start,' but its guidance tells another story
▼ + stars: | 2024-11-20 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

TJX Companies touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street. "The fourth quarter is off to a strong start, and we are excited about our opportunities for the holiday selling season. For its holiday quarter, TJX is expecting comparable sales to grow between 2% and 3%, largely in line with the 3% uptick that StreetAccount analysts had expected. TJX is standing by its comparable sales guidance of 3% growth for the full year, just shy of the 3.2% growth that StreetAccount analysts had expected. It raised its pretax profit margin outlook from 11.2% to 11.3%, which matches StreetAccount's expectations, along with its earnings per share guidance.

Persons: TJX, Ernie Herrman, It's, LSEG, Maxx, TJ Maxx Organizations: TJX Companies, LSEG, Company, It's, HomeGoods, TJX, Brands, United Arab, Burlington, Ross, Bank of America Locations: HomeGoods, Sierra, TJX Canada, Europe, Australia, Dubai, United Arab Emirates, Saudi Arabia, Spain

If the Fed doesn't cut rates in December, we may see mortgage rates inch up. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? 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. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.60%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down compared to where they were a year ago.

Persons: Jerome Powell, It's, they've, Freddie Mac, Fannie Mae Organizations: Federal Reserve, Fed, Mortgage Research, Zillow, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ 'The most expensive market of all time': Billionaire investor David Einhorn says it's probably not the best time to buy — but shares 2 stocks he's betting on
▼ + stars: | 2024-11-20 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Einhorn said he's not bearish, but there will likely be better entry points into the market. Add David Einhorn to the list of top Wall Streeters pointing out how expensive the stock market is. Advertisement"This is a really, really, really pricey environment, but it doesn't necessarily make me bearish. Einhorn called this "the most expensive market of all time, as far as I can see, at least since I've been managing." AdvertisementBank of AmericaEinhorn is one of many to highlight stock valuations as a factor likely to impact forward returns.

Persons: David Einhorn, Einhorn, he's, CNH Industrials, it's, I've, Bank of America Einhorn, Goldman Sachs, David Kostin, Rob Arnott, Nelson Peltz, CNH, that's, That's Organizations: Alpha, Delivering Alpha, Capital, Bank of America, Research, Trian Partners, AG

☆ Markets think the odds of a Fed pause in December are rising
▼ + stars: | 2024-11-20 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

AdvertisementTraders see a 45% chance the Fed pauses rate cuts in December, up from 17% last week. The rising odds come as markets digest a win for Trump, whose policies could complicate the Fed's plans. After two consecutive interest rate cuts, markets think the Federal Reserve might be ready to hit pause. AdvertisementThe rising odds come as markets continue to digest a win for Donald Trump, and as Fed officials have sounded cautious on the path of future policy easing in recent remarks. AdvertisementThe rising odds of a pause also come as Fed speakers this week have struck a cautious tone.

Persons: Donald Trump, Joseph Stiglitz, David Kelly, Jerome Powell, he'd, Trump, JPMorgan's Kelly, They're, Kelly, Michelle Bowman, Lisa Cook, Cook, Powell Organizations: Trump, Reserve, JPMorgan, Fed, Federal, University of Virginia Locations: West Palm Beach , Florida, Charlottesville, Dallas

This would help me become a better partner and contribute more effectively to my wife and our shared financial goals. But we also saw the value of having a joint account for shared expenses, especially because we decided to split financial responsibility 50/50. We opened a joint bank account for shared expensesUpon moving in together, my wife and I first opened a joint checking and savings account for shared expenses. Our joint account also gave us a space dedicated to shared long-term savings goals, such as a wedding and a house. Separate from the joint account, I was responsible for setting up and managing my own budget, credit card, savings goals, and brokerage account.

Persons: —, That's, wasn't Organizations: Service

Limited benefits Insider’s Take The VentureOne Rewards Card is a slimmed-down version of the popular Capital One Venture Rewards Credit Card. Bank of America Travel Rewards Card ReviewCapital One VentureOne Credit Card Pros and ConsAdvantages of the Capital One VentureOne Credit CardThe VentureOne Rewards Card comes with several significant advantages, making it an attractive choice for those seeking a straightforward rewards program. Capital One VentureOne Card Frequently Asked QuestionsWhat makes Capital One VentureOne Credit Card stand out? No, unlike the Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Credit Card, the Capital One VentureOne Rewards Credit Card is not metal. Why You Should Trust Us: How We Reviewed the Capital One VentureOne Credit CardOur credit cards team reviewed the VentureOne Rewards Card in comparison to similar no-annual-fee travel credit cards.

Persons: Miles, LifeMiles, Smiles, Red, Wyndham, Chase, rideshares, cardholders, you've, haven't, It's, Gabriel Vito Gabriel Vito, Gabriel, Education Gabriel, ExperienceExpertiseEducation Read, Angela Fung, Read Organizations: Business, Capital, PayPal, Capital One Entertainment, Aeromexico Club, Air Canada, Air France, KLM, Blue, British Airways Executive Club, Cathay, Emirates, Etihad, Qantas Frequent, TAP Air Portugal Miles, Turkish Airlines Miles, Wyndham Rewards, Star Alliance, U.S, Chase, Unlimited, Card, Bank of America, The Bank of America, Social, Forbes, CNN, University of California, Banking, Education, The University of California, Finance Locations: Cathay Pacific Asia, Singapore, Europe, Asia, Riverside

☆ The NHL has strict rules for how much teams can spend. Here's how it works
▼ + stars: | 2024-11-20 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +4 min

The pay limit has been in place since the end of a labor dispute that caused the cancellation of the entire 2004-05 NHL season. Sports business experts said the strict salary cap has helped the league's financial health since the full season stoppage. The hard salary cap is a stark difference from Major League Baseball and the National Basketball Association, which have no salary cap and a soft salary cap, respectively. But the hard cap means NHL teams have to be especially diligent. The NHL is planning to start negotiations with the NHLPA in early 2025, NHL Commissioner Gary Bettman said at this year's NHL Board of Governors meeting.

Persons: NHLPA, Rick Burton, Burton, Irwin Kishner, Herrick Feinstein, It's, Jalen Brunson, Gary Bettman Organizations: Florida Panthers, Stanley, Edmonton Oilers, Amerant Bank, National Hockey League, NHL, Toronto Maple Leafs, Columbus Blue Jackets, Official, National Hockey League Players Association, CBA, Syracuse University, Major League Baseball, National Basketball Association, National Football League, firm's Sports Law, Los Angeles Dodgers, Athletic, New York Knicks, ESPN, Governors Locations: Sunrise , Florida, American

☆ UK inflation rises sharply to 2.3% in October, above expectations
▼ + stars: | 2024-11-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — U.K. inflation picked up sharply to a higher-than-expected 2.3% in October, data from the British Office for National Statistics showed Wednesday. The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters. The latest print once again brings inflation above the Bank of England's 2% target, potentially dampening the prospects of a final interest rate cut this year. Core inflation, which excludes energy, food, alcohol and tobacco, came in at 3.3% for the month, up slightly from 3.2% in September. The uptick was anticipated in part due to an increase in the regulator-set energy price cap that took effect in October, which is expected to lead to higher energy price inflation over the colder winter months.

Persons: Price Organizations: British Office, National Statistics, Reuters, Bank of England's, Institute of Chartered Accountants Locations: England, Wales

☆ Three global stocks stocks to own in 2025, according to Barclays
▼ + stars: | 2024-11-20 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The outlook for equity markets looks "decent" going into 2025, according to Barclays, as central banks cut interest rates and the global economy remains resilient. The bank named "overweight-rated stocks in which our analysts have high conviction in 2025 and see value in owning on an individual basis." Here are three of Barclays' top picks, which it gives over 35% upside potential: Shell Barclays is bullish on Shell and has a target price of £36 ($45.60) on the stock, giving it around 40% upside potential. They are currently trading around a three-times discount to their five-year average, Barclays' analysts said. Barclays has a target price of 160 euros ($169.50) on the Amsterdam-listed stock, giving it 44% potential upside.

Persons: BeSi, — CNBC's Michael Bloom Organizations: Barclays, Shell Barclays, Shell, London Stock Exchange, AstraZeneca, London, Stockholm Stock Exchanges, BE Semiconductor, BE Semiconductor Industries, Euronext Locations: U.S, —, Euronext Amsterdam, Amsterdam

☆ Nvidia's answers to these 3 questions will impact where the red-hot stock goes next
▼ + stars: | 2024-11-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

"There's two things you need to know about Nvidia," Jim continued. Here's a closer look at a few key questions surrounding Nvidia's fiscal 2025 third-quarter report and the subsequent conference call at 5 p.m. Nvidia's triple-digit revenue growth in recent quarters is widely expected to moderate due to the law of large numbers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: you've, ChatGPT, Jim Cramer, Jim, there's, Blackwell, Jensen, Blackwell pushouts, we're, We're, we've, Hopper, —, Gross, Huang, Colette Kress, Nvidia, Kress, Jim Cramer's, Jensen Huang, Sam Yeh Organizations: Nvidia, Apple, AMD, Blackwell, Analysts, Truist Securities, Bank of America, Susquehanna, Microsoft, Meta, Sovereign, Evercore, Enterprise, CNBC, AFP, Getty Locations: CQ4, Japan, Indonesia, India, Denmark, Taipei

☆ U.S. closes embassy in Kyiv over potential 'air attack' as tensions with Russia soar
▼ + stars: | 2024-11-20 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

KYIV, UKRAINE - JANUARY 24: A view of the U.S. Embassy on January 24, 2022 in Kyiv, Ukraine. According to media reports the embassy has ordered family members of embassy staff to leave the country and has also urged U.S. citizens in Ukraine to leave as well. (Photo by Sean Gallup/Getty Images)The U.S. closed its embassy in Kyiv on Wednesday, warning that it has "received specific information of a potential significant air attack" amid soaring tensions with Russia. "The U.S. Embassy recommends U.S. citizens be prepared to immediately shelter in the event an air alert is announced," it added. Air alerts in Kyiv are a common occurrence, as the Ukrainian capital suffers frequent drone and missile attacks from Russia.

Persons: Sean Gallup Organizations: U.S, Embassy, Getty, Air, White, Sunday Locations: KYIV, UKRAINE, Kyiv, Ukraine, U.S, Russia, The U.S, Moscow, Washington

☆ Home prices may fall 20% as the housing market thaws — and help get baby boomers moving, research legend says
▼ + stars: | 2024-11-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

AdvertisementMeredith Whitney expects home prices to fall by 10% to 20% as the frozen housing market starts thawing. The veteran researcher said baby boomers aren't selling, restricting the number of homes available. Home prices are poised to fall by up to a fifth as the frozen housing market thaws — and that could help baby boomers sell at last and younger people to become homeowners, Meredith Whitney says. Advertisement"The problem is the baby boomers own 60% of the housing stock," she said, referring to single-family, owner-occupied homes. AdvertisementSeveral economists have predicted a "silver tsunami" as baby boomers sell their homes to downsize or move into care homes, increasing the available supply of single-family homes and reducing prices.

Persons: Meredith Whitney, It's, Price, Whitney, millennials Organizations: Meredith Whitney Advisory Group, Homeowners, Federal Reserve, National Association of Realtors, CNBC

☆ European Central Banks warns of trade tension risks to euro zone financial stability
▼ + stars: | 2024-11-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Rising global trade tensions present a risk to the euro area economy, the bloc's central bank found in its biannual Financial Stability Review out on Wednesday. The European Central Bank also said weak growth was now a bigger threat than high inflation in the 20-nation euro zone. The latest figures recorded euro zone economic growth at a two-year high of 0.4% in the third quarter, while headline inflation hit 2% in October. "Rising global trade tensions and a possible further strengthening of protectionist tendencies across the world raise concerns about the potential adverse impact on global growth, inflation and asset prices," the Financial Stability Review said. Economists say the knock-on impact of implementing these measures could drag on the euro, if a slowdown in exports spurs the ECB to cut interest rates further and faster.

Persons: Donald Trump's Organizations: European Central Bank, ECB, U.S Locations: U.S, China

☆ Asia-Pacific markets are set to open mostly lower; Japan trade data and China lending rate in focus
▼ + stars: | 2024-11-20 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

The People's Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Asia-Pacific markets were set to open mostly lower Wednesday, following a mixed day on Wall Street amid mounting geopolitical tensions between Ukraine and Russia. Japan's Nikkei 225 futures pointed to a mixed open for the market, with the futures contract in Chicago at 38,300 and its counterpart in Osaka at 38,420 compared to the previous close of 38,414.43. According to a Reuters poll, China is expected to leave its benchmark lending rates unchanged on Wednesday after they were cut in October. Hong Kong Hang Seng index futures were at 19,619, slightly lower than the HSI's last close of 19,663.67.

Persons: Australia's Organizations: People's Bank of China, Investors, Reuters, Nikkei Locations: Beijing, China, Asia, Pacific, Ukraine, Russia, Japan, Chicago, Osaka, Hong Kong

☆ 3 urgent tasks awaiting Trump’s pick for Treasury secretary
▼ + stars: | 2024-11-20 | by ( Tami Luhby | Matt Egan | ) edition.cnn.com time to read: +7 min

His Cabinet picks, including the Treasury secretary, traditionally have to be confirmed by the Senate. “The Treasury secretary has historically played a significant role in advancing the administration’s tax policy priorities,” Akabas said. Next year, Trump’s Treasury secretary will act as the quarterback, executing his economic gameplan. It will also fall to Trump’s Treasury secretary to put out fires in financial markets or in the real economy like the regional bank failures that rocked Wall Street and Washington early last year. Trump’s Treasury pick will also help manage the complicated relationship between the president and Federal Reserve Chairman Jerome Powell.

Persons: Donald Trump’s, Trump, “, ”, Ed Mills, Raymond James, Janet Yellen, Shai Akabas, Steven Mnuchin, ” Akabas, Isaac Boltansky, Jerome Powell, Powell, Mills Organizations: CNN, Quarterbacking, Treasury Department, Department, Treasury, Trump, Senate, Republicans, Capitol, Wall, Washington, Committee, Federal, Fed, Trump White House Locations: Washington, filers

☆ Walmart hits new highs and Target dives after earnings as rivals diverge even more
▼ + stars: | 2024-11-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Customer traffic gains were similar at the two stores, yet Walmart's sales trends looked much better than Target's. Walmart's traffic growth edged out its rival's, with a gain of 3.1% at Walmart U.S. versus 2.4% at Target. Walmart's e-commerce sales in the U.S. rose 22%, a bigger increase than the nearly 11% at Target. About 60% of Target's sales come from discretionary items, such as home goods and clothing. On a call with investors on Wednesday, Cornell pointed to "green shoots" in the business, even as sales results disappointed.

Persons: Brian Cornell, Walmart's, Michael Baker, Davidson, Baker, Paul Lejuez, Kate McShane, Goldman Sachs, Davidson's Baker, Cornell, Michael Lasser, We'll Organizations: Walmart, Walmart U.S, Target, D.A, Amazon, Costco, Citi Research, Deutsche Bank, HSBC Global Research, Citi, Cornell, UBS Locations: U.S, Minneapolis, America

☆ China expectedly keeps benchmark lending rates steady as Beijing assesses stimulus measures
▼ + stars: | 2024-11-20 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

China's central bank on Wednesday kept major benchmark lending rates unchanged, as Beijing assesses the effects of its recent stimulus measures. The People's Bank of China said it would keep the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%. The 1-year LPR affects corporate and most household loans in China, while the 5-year LPR acts as a benchmark for mortgage rates. Only retail sales beat expectations, with a 4.8% year-on-year increase, indicating that recent stimulus had started seeping into certain sectors of the economy. Goldman, however, maintained "overweight" stance on China equities, forecasting a 13% upside to the benchmark CSI 300 index next year.

Persons: Bruce Pang, Pang, Pan Gongsheng, Morgan Stanley, Goldman Sachs, Goldman, Donald Trump's Organizations: People's Bank of China, People's Bank of, Reuters, Ministry of Finance Locations: Beijing, China's, People's Bank of China, China, JLL

☆ Cleveland launches formal bid for a WNBA team
▼ + stars: | 2024-11-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

Dan Gilbert Cleveland Cavaliers owner talks during a press conference introducing new head coach John Beilein at Cleveland Clinic Courts on May 21, 2019 in Independence, Ohio. Dan Gilbert, owner of the Cleveland Cavaliers, wants to bring a WNBA team to Northeast Ohio. Rock Entertainment Group, the umbrella company that hosts Gilbert's sports and entertainment properties, told CNBC on Wednesday that it intends to submit a proposal for a WNBA expansion team. The Cavs also have an existing practice facility in Independence, Ohio, which they said could be ready-made for a WNBA team. The Cleveland Cavs are off to their best start in history, currently sitting in first place in the Eastern Conference with a 15-1 record.

Persons: Dan Gilbert Cleveland, John Beilein, Dan Gilbert, Cathy Engelbert, Nic Barlage, Barlage, Cleveland, David Gilbert, that's, Engelbert, We're, Allen, Gilbert Organizations: Dan Gilbert Cleveland Cavaliers, Cleveland Clinic Courts, Cleveland Cavaliers, WNBA, Rock Entertainment Group, CNBC, NBA's Cavaliers, NFL's Browns, MLB's, American Hockey, Cleveland Clinic, Center, Cleveland Sports Commission, Eastern Conference, Golden State, Fortune, Allen & Company, Company Locations: Independence , Ohio, Northeast Ohio, Cleveland, Ohio, Denver, Miami, Milwaukee, St, Louis, Philadelphia, Toronto, Portland , Oregon

☆ Savings, CD and Checking Account Interest Rates Today: Earn up to 5% APY
▼ + stars: | 2024-11-20 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both. UFB Direct Freedom Checking with Portfolio Savings: Earn 2.00% APY on your checking account. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. A checking account is like a hub for your money: If your paycheck is direct deposited, it's typically to a checking account. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: APYs, —, Cash, we've Organizations: Federal Reserve, Cash Locations: —

☆ Burberry shares are down 40%. One hedge fund manager says the stock offers 'good value' right now
▼ + stars: | 2024-11-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Luxury retailer Burberry 's shares present an attractive investment opportunity after the company revealed a new turnaround strategy, according to hedge fund manager David Neuhauser. The stock, which is also traded in the U.S. and Germany, remains down around 40% year-to-date, however. UBS said Burberry was the only luxury retailer not to report "weak organic sales growth" in the latest quarter. "I think Burberry has a good turnaround in place with a new CEO," Neuhauser added, while cautioning that the recovery might take longer than expected. "I think over some time, a good turnaround by Burberry, with strong leadership, could really see the stock price increase.

Persons: David Neuhauser, Neuhauser, CNBC's, Livermore, they're, Zuzanna Pusz, Burberry, –, Joshua Schulman, Rogerio Fujimori, Adam Cochrane, FactSet, — CNBC's Karen Gilchrist Organizations: Burberry, Livermore Partners, UBS, Deutsche Bank, Stifel Locations: London, U.S, Germany, Asia, Swiss

☆ Gold gains on softer dollar, widening Russia-Ukraine tensions
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: +2 min

Close up stack of gold bars, financial wealth concepts and businessGold prices rose for a third consecutive session to a one-week high on Wednesday, driven by a softer dollar and escalating Russia-Ukraine tensions that raised the demand for safe-haven assets. Spot gold added 0.32% to $2,640.19 per ounce by 0323 GMT, its highest since Nov. 11. The U.S. dollar rally paused after hitting a one-year high last week, making bullion more appealing to buyers holding other currencies. The market is adjusting its expectations for the Fed's cuts next year as inflation is becoming a bigger concern, which could be negative for gold, Spivak added. Spot silver was steady at 31.22 per ounce, platinum added 0.1% to $975.10 at $973.90 and palladium flat at $1,035.43.

Persons: Vladimir Putin, Washington, Ilya Spivak, Donald Trump's, Spivak, Jeffrey Schmid Organizations: U.S ., Federal Reserve, U.S Locations: Russia, Ukraine, , Kansas

☆ Wells Fargo sees another big stock market gain in 2025 on strong economy, deregulation under Trump
▼ + stars: | 2024-11-20 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Stocks are primed for another big stock market gain in 2025 given U.S. economic strength and likely deregulation under President-elect Donald Trump, according to Wells Fargo. The Wall Street bank expects the S & P 500 will advance to 6,600 by the end of 2025. .SPX YTD mountain S & P 500 Wells Fargo is the latest big firm to release its 2025 S & P 500 year-end target, with virtually all shops thus far anticipating a roughly 10% gain or more for the broad market index. Goldman Sachs' David Kostin this week said he expects the S & P 500 to end next year at 6,500. The S & P 500 surged 24% in 2023, and is up more than 23% this year.

Persons: Donald Trump, Darrell Cronk, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Cronk Organizations: Wells, Investment Institute, BMO, UBS, CNBC, & $ Locations: Wells Fargo, Tuesday's

☆ Goldman thinks Nvidia is going to beat and so does the options market
▼ + stars: | 2024-11-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Nvidia is set to report fiscal third-quarter results after the stock market closes Wednesday. If the options market is any guide, the results could spark a big move higher, according to Goldman Sachs. Analyst John Marshall said options are implying an 8.3% move in either direction for Nvidia. Marshall said the Wall Street bank expects Nvidia to beat third-quarter expectations driven by strong double-digit data center revenue growth. Elsewhere this morning on Wall Street , Pivotal Research hiked its price target on Netflix to $1,100 — the highest on Wall Street.

Persons: Goldman Sachs, John Marshall, Goldman, Marshall, Tyson, Paul, Jeffrey Wlodarczak Organizations: Nvidia, LSEG, Blackwell, Netflix

Search resuls for: "Citizens Bank

25 mentions found