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☆ Nearly $6 trillion is sitting in money market funds. Here's where that cash can go next
▼ + stars: | 2023-12-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Money market funds were a hot item this year, but it may be time to think about shifting some of that cash into other investments. Investors flooded into the funds, bringing the total assets to $5.89 trillion for the week ending Dec. 13, according to the Investment Company Institute. The Crane 100 Money Fund Index currently has an annualized 7-day yield of 5.19%. Yet, if rates go down next year, as expected, the yields in short-term instruments such as money market funds and high-yield savings accounts will follow suit. The firm also likes stocks with high dividend growth and free cash flow , such as Kroger , CVS Health and Qualcomm .

Persons: Josh Brown, VIG, Wolfe, Barry Glassman, Glassman Organizations: Investment Company Institute, ICI, Federal Reserve, Ritholtz Wealth, Wolfe Research, Cola, Exxon Mobil, Kroger, CVS Health, Qualcomm, Investors, Wealth Services, Dodge, Cox Income Fund, Fed, CNBC

☆ CrowdStrike CEO George Kurtz on China, Microsoft and the SEC
▼ + stars: | 2023-12-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

CrowdStrike CEO George Kurtz has had a banner year. The new regulations will likely offer upside for CrowdStrike, Kurtz said. For every dollar companies paid CrowdStrike to respond to hacks, CrowdStrike collected roughly $6 on average in new subscription revenue, Kurtz said. "It's not something we can answer" for companies, Kurtz said. While incident response is good business for CrowdStrike, Kurtz emphasized that CrowdStrike's main focus is "to help customers prevent these sorts of attacks upfront and provide visibility."

Persons: George Kurtz, It's, Kurtz, CrowdStrike, it's, Jen Organizations: Crowdstrike Holdings Inc, Bloomberg Technology, RSA Conference, CNBC, Securities and Exchange, SEC, Caesars Entertainment, MGM Resorts, Caesars, MGM, CrowdStrike, Infrastructure Security Agency Locations: San Francisco , California

☆ Morgan Stanley fund manager names 4 top stocks to buy 'on the cheap’
▼ + stars: | 2023-12-04 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

That was exacerbated as interest rates went up," Aaron Dunn, portfolio manager at Morgan Stanley's U.S. Value Fund, told CNBC's "Street Signs Asia" on Friday. When pressed on what stocks make good plays, Dunn responded with four names, adding: "There's a lot of opportunities out there to pick up really good companies on the cheap." It made up 2.4% of his U.S. Value Fund as of Oct. 31. Dollar Tree Elsewhere, the value investor is bullish on value store, Dollar Tree , which made up almost 3% of the U.S. Value Fund holdings, as of Oct. 31. Year-to-date shares are now up nearly 1% but this is " well under its intrinsic value," Dunn said.

Persons: —, Aaron Dunn, CNBC's, Dunn, Morgan Stanley, – they've, Clorox Organizations: Morgan, Value, Agricultural, FMC Corporation, . Value, FMC, Alcoa Corp Aluminum, Alcoa, . Value Fund Locations: Morgan Stanley's, Alcoa, China

☆ Three-Stock Lunch: Chipotle, Netflix and Clorox
▼ + stars: | 2023-11-28 | 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 EmailThree-Stock Lunch: Chipotle, Netflix and CloroxVictoria Greene, G Squared chief investment officer, joins ‘Power Lunch’ to discuss three stocks: Chipotle, Netflix and Clorox.

Persons: Clorox Victoria Greene Organizations: Netflix, Clorox, G Squared

☆ CrowdStrike forecasts strong Q4 revenue on resilient cybersecurity demand
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

Nov 28 (Reuters) - CrowdStrike Holdings (CRWD.O) on Tuesday forecast fourth-quarter revenue above Wall Street estimates, driven by resilient demand for its cybersecurity offerings in the wake of rising online threats. Rising cyber threats, ransomware attacks and hacking incidents have triggered demand for cybersecurity offerings as businesses try to ensure safety against hackers who steal sensitive data. For the third quarter ended Oct. 31, the company posted revenue of $786.0 million, beating estimates of $777.1 million. Adjusted net income attributable to CrowdStrike for the third quarter rose to $199.2 million, from $96.1 million a year earlier. CrowdStrike raised its annual revenue outlook to a range of $3,046.8 million to $3,050.2 million, up from its earlier forecast of between $3,030.7 million and $3,042.9 million.

Persons: CrowdStrike, Jaspreet Singh, Shailesh Organizations: CrowdStrike Holdings, MGM Resorts International, Caesars Entertainment, Thomson Locations: Austin , Texas, Bengaluru

☆ These stocks have gone too far, too fast during this rally and analysts expect them to fall
▼ + stars: | 2023-11-28 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A strong November rally has allowed some stocks on Wall Street to get ahead of themselves. Share gains have outpaced the overall market gain of 11% in the past month. Analysts surveyed expect shares to fall about 3% to meet their consensus price target. Intel stock has climbed more than 24% overall in the past month. INTC 1M mountain Intel stock.

Persons: Elon Musk's Tesla, Musk, Pat Gelsinger Organizations: Dow Jones Industrial, Nasdaq, Federal, CNBC, Stock, Elon, Netflix, Analysts, Intel, Wall

☆ Stocks making the biggest moves premarket: Nvidia, Clorox, Autodesk, GoDaddy and more
▼ + stars: | 2023-11-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Nvidia reported an adjusted profit of $4.02 per share on $18.12 billion in revenue. Analysts polled by LSEG expected earnings of $3.37 per share and $16.18 billion in revenue. Autodesk — The software company fell roughly 7% in premarket trading after issuing disappointing fourth-quarter earnings guidance. GoDaddy — Shares of the web domain company rose 2.3% after RBC Capital Markets upgraded GoDaddy to outperform from sector perform. Deere — Shares fell 6.6% after the agricultural equipment maker issued net income guidance between $7.75 billion and $8.25 billion for fiscal 2024.

Persons: LSEG, Piper Sandler, Morgan Stanley, Kristine Liwag, Clorox, Dan Ives, —, Alex Harring, Michelle Fox, Jesse Pound Organizations: Nvidia, Wall, HP —, HP, Autodesk, RBC Capital Markets, GoDaddy, Virgin Galactic Holdings, JPMorgan, Wedbush Securities, Deere, StreetAccount Locations: China

☆ Stocks making the biggest moves midday: Deere, Nvidia, Autodesk, Nordstrom and more
▼ + stars: | 2023-11-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Deere , Caterpillar — Deere shares dropped nearly 4% after the agricultural equipment maker issued disappointing guidance for fiscal 2024. Deere said it expects net income between $7.75 billion and $8.25 billion, short of the $9.31 billion expected from analysts polled by StreetAccount. Autodesk — Autodesk fell more than 5% a day after the software company issued lower-than-expected fiscal fourth-quarter earnings guidance. The company now expects earnings per share of between $1.91 and $1.97, below estimates of $2.01 per share, according to LSEG. Nvidia posted adjusted earnings of $4.02 per share on $18.12 billion in revenue, while analysts polled by LSEG expected earnings of $3.37 per share and $16.18 billion in revenue.

Persons: Deere, StreetAccount, Piper Sandler, LSEG, — CNBC's Michelle Fox, Alex Harring, Jesse Pound, Darla Mercado Organizations: JPMorgan, Capybara, Deere, Caterpillar — Deere, Caterpillar, Nordstrom, LSEG, HP —, HP, Autodesk — Autodesk, Autodesk, Nvidia —, Nvidia, Airlines, West Texas Intermediate, American Airlines and United Airlines, Norwegian Cruise Line Locations: LSEG, China

☆ Ransomware targets will pay one way or another
▼ + stars: | 2023-11-17 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

The White House has even considered an outright ban on firms making ransom payments. If companies can’t pay ransom, there’s no point in asking for it. ICBC’s self-identified attacker, a gang of digital extortionists called Lockbit, says ICBC paid up. Follow @AnitaRamaswamy on XCONTEXT NEWSThe Industrial and Commercial Bank of China’s U.S. arm was hit by a ransomware attack that disrupted some trades in the U.S. Treasury market on Nov. 9. A senior White House official said on Oct. 31 that the U.S. government planned to lead an alliance of 40 countries in a pledge to never pay ransom to cybercriminals.

Persons: Joe Biden’s, cybercriminals, it’s, there’s, ICBC, –, reckons, John Foley, Aditya Sriwatsav Organizations: Reuters, Industrial, Commercial Bank of China, SS, Treasuries, Companies, Caesars Entertainment, Commercial Bank of China’s, U.S . Treasury, White House, ., Thomson Locations: U.S, United States, Commercial Bank of China’s U.S

☆ Clorox's cyber chief leaves as recovery from cyberattack continues - Bloomberg News
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David Ryder/File Photo Acquire Licensing RightsNov 15 (Reuters) - Clorox's (CLX.N) chief information security officer, Amy Bogac, has left the company as it works to recover from a cyberattack, Bloomberg News reported on Wednesday, citing an internal memo. The incident in August threw the cleaning supplies maker's order fulfillment facilities out of gear for more than a month, and forced it to trim its annual revenue forecast. The memo does not address the reasons for Bogac's departure, the Bloomberg report said, adding that Chau Banks, Clorox's chief information and data officer, would fill the role on an interim basis. The Pine-Sol maker's net revenue fell 20% in the first quarter ended Sept. 30, when its products were off the shelves for a short period following the cyberattack. Clorox was among several companies including MGM Resorts International (MGM.N) and Caesars Entertainment (CZR.O) to be hit by cyber attacks this year.

Persons: David Ryder, Amy Bogac, Clorox, Chau Banks, Juveria Tabassum, Shilpi Majumdar Organizations: Life Care, of Kirkland, REUTERS, Bloomberg, Reuters, MGM Resorts International, Caesars Entertainment, Thomson Locations: Kirkland , Washington , U.S, Chau

☆ Lightning Round: I would own Clorox, says Jim Cramer
▼ + stars: | 2023-11-07 | by ( Jim Cramer | ) 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 EmailLightning Round: I would own Clorox, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Clorox, AGNC, Cisco, Johnson and Johnson and Ventas.

Persons: Jim Cramer, Johnson Organizations: Cisco, Johnson

☆ Datadog tops quarterly estimates on robust bookings, raises annual forecast
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Nov 7 (Reuters) - Datadog (DDOG.O) on Tuesday topped estimates for third-quarter results and raised its forecast for annual adjusted profit and revenue, driven by demand from customers seeking better security solutions due to increasing cybersecurity threats. Shares of the software solutions provider soared nearly 23% in trading before the bell. The Delaware, New-York-based company said it expects annual adjusted profit between $1.52 and $1.54 per share, up from its prior outlook of $1.30 and $1.34. Quarterly adjusted profit of 45 cents per share also topped expectations. Datadog's total number of new and existing customers rose 20% to 3,130, with an annual recurring revenue of $100,000 or more as of Sept. 30.

Persons: Yamini, Devika Syamnath, Shweta Agarwal Organizations: MGM Resorts, Google, Thomson Locations: The Delaware, New, York, Bengaluru

☆ Cramer's Lightning Round: Cisco is a buy
▼ + stars: | 2023-11-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Clorox's year-to-date stock performance. Stock Chart Icon Stock chart icon AGNC's year-to-date stock performance. Stock Chart Icon Stock chart icon Cisco's year-to-date stock performance. Stock Chart Icon Stock chart icon Johnson & Johnson's year-to-date stock performance. Stock Chart Icon Stock chart icon Ventas' year-to-date stock performance.

Persons: Linda Rendle, AGNC, it's, Johnson, Ventas Organizations: Cisco

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, BJ's, Ferrari, Disney, Birkenstock & more
▼ + stars: | 2023-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: KBW upgrades Bank of America to market perform from underperform KBW upgraded the banking giant with long-term rates declining. Bank of America downgrades Paramount to underperform from buy Bank of America said the backdrop is too challenging for the media stock. Bank of America reiterates Nvidia as buy Bank of America said it's bullish on the stock heading into earnings later this month. Goldman Sachs initiates Birkenstock as buy Goldman initiated the shoe company with a buy and said Birkenstock shares are compelling. Bank of America reiterates Apple as neutral Bank of America said it's sticking with its neutral rating on shares of Apple .

Persons: KBW, Mizuho, it's, BILI, Lee jeans, it's bullish, Goldman Sachs, Goldman, EBITDA, Raymond James downgrades Bloomin, Raymond James Organizations: Bank of America, Underperform, Corp, Deutsche Bank, Deutsche, Mizuho, TAM, UBS, Amazon, Citi, Disney, " Bank of America, Paramount, Barclays, Nvidia, AMD, Dominion, Biotech, JPMorgan, HSBC, RBC, Apple, of America Locations: China, FY24E, CLX, Russia, Ukraine

☆ Jim Cramer blasts warnings from a competitor, says buy cybersecurity leader Palo Alto Networks
▼ + stars: | 2023-11-03 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Despite doom-and-gloom from a competitor around cybersecurity spending, Jim Cramer said Friday that it's the perfect time to buy industry leader Palo Alto Networks (PANW), considering the onslaught of recent high-profile hacks and breaches. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance In fact, companies need the services of cybersecurity specialists, Palo Alto, more than ever nowadays. On Oct. 20 , identity management company Okta (OKTA) said its support systems were hacked. Cramer said Palo Alto Networks stands to benefit. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

Persons: Jim Cramer, Fortinet, —, Jim, there's, Estee Lauder, we've, Tracey Thomas Travis, Linda Rendle, Cramer, Needham, Jim Cramer's, David Paul Morris Organizations: Palo Alto Networks, Palo, Boeing, Palo Alto, CNBC, Bloomberg, Getty Locations: Palo Alto, Fortinet, Alto, Palo, Las Vegas, cybersecurity, Santa Clara , California, U.S

☆ Clorox shares jump on surprise profits, stronger revenue
▼ + stars: | 2023-11-02 | 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 EmailClorox shares jump on surprise profits, stronger revenueCNBC's Joe Kernen reports on the company's quarterly earnings results.

Persons: Joe Kernen

☆ Stocks making the biggest moves premarket: Starbucks, Shopify, Roku and more
▼ + stars: | 2023-11-02 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Starbucks — Shares of the coffee giant jumped 5.6% after Starbucks' quarterly earnings and revenue exceeded analysts' expectations. The company reported third-quarter earnings of 24 cents per share, excluding items, on revenue $1.71 billion. Analysts polled by FactSet expected earnings of 15 cents per share on revenue of $1.67 billion. Qualcomm — Shares of the wireless tech company gained 5.6% after Qualcomm surpassed analysts' revenue and earnings estimates in its fiscal fourth quarter. Analysts had been expecting a loss of 40 cents per share on $2.09 billion revenue, according to LSEG.

Persons: SolarEdge, Shopify, FactSet, DoorDash, LSEG, Lyft, Airbnb's, Moderna, CNBC's Hakyung Kim, Jesse Pound, Michelle Fox Theobald Organizations: Starbucks, Truist, BMO Capital Markets, Guggenheim, Qualcomm —, Qualcomm, Wall Street, —, Moderna — Locations: New York

☆ Stocks making the biggest moves midday: Starbucks, Roku, Eli Lilly, Affirm and more
▼ + stars: | 2023-11-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Starbucks — Shares jumped 9.5% after the company posted an earnings and revenue beat in the fiscal fourth quarter. Palantir also raised its revenue guidance to between $2.216 billion and $2.22 billion for the full year. Clorox — Shares rallied more than 6.6% Thursday after the company posted an earnings and revenue beat in the fiscal first quarter. CyberArk's fourth-quarter and full-year earnings guidance also came in above analysts' estimates. Management lowered the company's full-year earnings, revenue and operating margins guidance.

Persons: Roku, SolarEdge, Shopify, Palantir, LSEG, Eli Lilly —, —, Penn, Morgan Stanley, CyberArk's, Papa John's, Sarah Min, Yun Li, Michelle Fox, Pia Singh, Alex Harring Organizations: Starbucks —, Management, Truist, BMO Capital Markets, Guggenheim, Moderna —, Moderna, Penn Entertainment, ESPN, Amazon Business, Marriott, Rockwell Automation — Rockwell Automation Locations: China, America

☆ Here are Thursday's biggest analyst calls: Amazon, Sunrun, Qualcomm, Eli Lilly, SolarEdge, Estée Lauder and more
▼ + stars: | 2023-11-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Bank of America reiterates Qualcomm as buy Bank of America said it's standing by its buy rating on the stock after its earnings report Wednesday. Citi reiterates Eli Lilly as buy Citi said it sees further upside after the company's earnings report Thursday. RBC downgrades Estée Lauder to sector perform from outperform RBC downgraded the stock after the company's earnings report. Pivotal upgrades Roku to hold from sell Pivotal upgraded the stock after its earnings report Wednesday. " Guggenheim downgrades SolarEdge to neutral from buy The firm said it's "giving up" on its positive stance on the stock.

Persons: RUN's, Taylor Morrison, WK Kellogg, Truist, Amgen, it's, Citi, Eli Lilly, Janus Henderson, underperform KBW, Estée Lauder, F1Q, Bernstein, Hess, CVX, Guggenheim, SolarEdge, Stifel Organizations: Bank of America, Qualcomm, HSBC, Amazon, BMO, Toll, M.D.C . Holdings, JPMorgan, Health, of America, UBS, Eastman Chemical, Citi, Management, RBC, Chevron Locations: Ecommerce, China, U.S

☆ E.l.f. Beauty blows past Wall Street's estimates, raises full-year guidance again
▼ + stars: | 2023-11-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street's expectations. During the previous quarter, sales were also up 76%. That's ahead of projected full-year sales of $852 million, or growth of 47.1%, that analysts had expected, according to LSEG. It now expects full-year adjusted earnings to be between $144 million and $146 million, compared with a previous range of $125 million to $127 million. previously expected full-year adjusted earnings per share to be between $2.19 and $2.22.

Persons: E.l.f, Tarang Amin, Amin, We've, it's Organizations: LSEG, CNBC, Procter, Gamble, Walmart, Target

☆ Buy these 12 high-quality stocks that are up to 42% below their fair market value as Fed rate hikes begin to hit the economy hard, according to Morningstar's chief strategist and economist
▼ + stars: | 2023-11-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The firm estimates fair value based on its projection of a company's future cash flows and the predictability of those flows. The best opportunities are now in value stocks that are trading at about a 22% discount to fair value, Sekara noted. Currently, the real estate sector is the most undervalued sector, with REITs trading at a 26% discount to fair value, Sekara said. Finally, American Tower (AMT), which owns and operates wireless and broadcast communications infrastructure, trades at a 24% discount to fair value. Two other five-star stocks that remain significantly undervalued are AT&T and Verizon, trading at a 35% discount to fair value.

Persons: Morningstar's Preston Caldwell, Caldwell, Dave Sekara, Sekara, Wells Organizations: Treasury, Morningstar, Simon Property Group, Realty Trust, Communications, Verizon, Citigroup, PNC, US Bank

☆ Stocks making the biggest moves after hours: SolarEdge, Qualcomm, Etsy, Clorox and more
▼ + stars: | 2023-11-01 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

SolarEdge — The solar stock cratered 23% after SolarEdge posted a dismal third-quarter report and outlook for the current quarter's revenue. SolarEdge lost 55 cents per share, excluding items, while analysts polled by LSEG, formerly known as Refinitiv, forecast a gain of 89 cents per share. The company guided revenue for the current quarter to between $300 million and $350 million, well under the $688 million anticipated by analysts. Qualcomm surpassed analysts' estimates in its fiscal fourth quarter, reporting adjusted earnings of $2.02 per share on revenue of $8.67 billion. Etsy beat analysts' estimates for earnings in the third quarter but fell short of Wall Street's expectations on revenue.

Persons: SolarEdge, LSEG, Josh Silverman, Etsy, Roku, Roku's, DoorDash, Clorox, Sarepta, FactSet, Darla Mercado, Sarah Min, Jesse Pound, Scott Schnipper Organizations: LSEG, Revenue, Qualcomm —, Qualcomm, Electronic Arts, Arts, Wall Street, Tandem Diabetes Care, Ritz, Therapeutics Locations: FactSet

☆ SEC alleges SolarWinds and key executive misled investors about cybersecurity prior to 'massive' cyberattack
▼ + stars: | 2023-10-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +6 min

"We allege that, for years, SolarWinds and Brown ignored repeated red flags about SolarWinds' cyber risks, which were well known throughout the company," SEC enforcement director Gurbir Grewal said in a press release. SolarWinds went public in 2018, and made only "generic" disclosures about cybersecurity risk in both its prospectus and in continued filings, the complaint said. However, the SEC alleged that SolarWinds and Brown knew that the company's cybersecurity practices were weak, pointing to an internal presentation from Brown that was made the same month SolarWinds went public. It appears to be one of the first times the SEC has alleged a company misled and defrauded investors over cybersecurity risks. In reality, Brown knew that the company was not following those best practices, the SEC alleged.

Persons: SolarWinds, Tim Brown, Brown, Gurbir Grewal, weren't, Solarwinds, Kevin Thompson, Sudhakar Ramakrishna, Mr, Alec Koch Organizations: SolarWinds Corp, New York Stock Exchange, Securities and Exchange Commission, SEC, software, Orion, unf, Regulators, MGM Resorts, CNBC Locations: New York, U.S, Russian, Clorox, SolarWinds

☆ Alliance of 40 countries to vow not to pay ransom to cybercriminals, US says
▼ + stars: | 2023-10-31 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +2 min

White House Deputy National Security Advisor for Cyber and Emerging Technology, Anne Neuberger, addresses cyber security during the daily press briefing at the White House in Washington, U.S. September 2, 2021. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsSAN FRANCISCO, Oct 31 (Reuters) - Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers' funding mechanism, a senior White House official said on Tuesday. The International Counter Ransomware Initiative comes as the number of ransomware attacks grows worldwide. In ransomware attacks, hackers encrypt an organization's systems and demand ransom payments in exchange for unlocking them. Partner countries will share a "black list" through the U.S. Department of Treasury that will include information on digital wallets being used to move ransomware payments, Neuberger said.

Persons: Anne Neuberger, Jonathan Ernst, Biden, Neuberger, Chainalysis, Zeba Siddiqui, Cynthia Osterman Organizations: White, Technology, REUTERS, FRANCISCO, White House, MGM Resorts International, Reuters, U.S . Department of Treasury, Thomson Locations: Washington , U.S, U.S, United States, Lithuania, Israel, UAE, San Francisco

☆ The Fed decision and jobs report are in the week ahead as Wall Street wraps up a brutal month
▼ + stars: | 2023-10-27 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The Federal Reserve meeting and October jobs report are on the docket next week as investors wrap up a brutal month for markets. Both the S & P 500 and Nasdaq Composite slid into correction territory this week following some disappointing megacap tech reports. "I suspect that the Fed is not going to comfort the market," said James Camp, managing director at Eagle Asset Management. Many investors expect stocks could remain choppy until the markets gain clarity on when the Fed will start to cut rates. Jobs report Investors will get another look into the labor market next week soon after the Fed decision.

Persons: Jerome Powell, James Camp, Dave Sekera, Sekera, Dow Jones, Nick Galluccio, you'll, Powell, Charlie Ripley, Ripley, Galluccio, we've, Eli Lilly Organizations: Reserve, Nasdaq, Eagle Asset Management, Fed, Teton Advisors, Treasury, Asset, Apple, Investors, Allianz Investment Management, Advisors, Dallas Fed, Simon Property, Semiconductor, Western, ECI Civilian Workers, Chicago PMI, Devices, Caesars Entertainment, Pfizer, GE Healthcare Technologies, Caterpillar, ADP, PMI, Manufacturing, Costco Wholesale, Qualcomm, Cruise Line Holdings, Brands, Labor, Factory, News Corp, Booking Holdings, Paramount Global, Moderna, Jobs, Services PMI, Health Locations: U.S, FactSet, Chicago

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