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☆ This market can get to 4,825 by year-end, maintains Piper Sandler's Craig Johnson
▼ + stars: | 2023-11-27 | 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 EmailThis market can get to 4,825 by year-end, maintains Piper Sandler's Craig JohnsonHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Piper Sandler's Craig Johnson, Brian Sullivan, “ Organizations: CNBC

FLORHAM PARK, N.J. (AP) — Aaron Rodgers will have the final call on whether he plays again this season for the New York Jets — if and when he gets medical clearance. “Aaron’s a big boy, a grown man, and no one’s going to know Aaron’s body like Aaron knows his body,” Saleh said. Rodgers, who turns 40 on Dec. 2, has repeatedly said his goal is to return late this season. “If I have a great week this week and next week, that could be accelerated,” he said on “The Pat McAfee Show” on Tuesday. “And I think Aaron’s just icing on the cake.”A return this season by Rodgers would be unprecedented in terms of recovery time.

Persons: — Aaron Rodgers, Robert Saleh, Achilles, “, Aaron, ” Saleh, Rodgers, NBC’s Melissa Stark, ”, Pat McAfee, we’re, Zach Wilson, waiving, Michael Carter, Saleh, Israel Abanikanda, Carter “, It’s, it's, Kenny Yeboah, Tanzel Smart, DB Craig James, ___ Organizations: New York Jets, Wednesday, Jets, Raiders, Miami, Washington, Cleveland, AFC East, Buffalo, ., Atlanta, Houston, Sunday, The Jets Locations: FLORHAM, N.J, Las Vegas, . New York, York, New York, Los Angeles

☆ Lawmakers Press Costco on China Forced Labor
▼ + stars: | 2023-11-02 | by ( Richard Vanderford | ) www.wsj.com time to read: 1 min

A campaign by U.S. lawmakers to single out companies allegedly tied to human rights abuses in China has come for popular retailer Costco. Photo: Kena Betancur/Getty ImagesCostco Wholesale faces questions from influential U.S. lawmakers over alleged links between forced labor in China and products sold in the retail giant’s stores. Costco should explain why it continues to sell seafood and security cameras that are allegedly tied to human rights abuses in China’s Xinjiang region and elsewhere, said Rep. Chris Smith (R., N.J.) and Sen. Jeffrey Merkley (D., Ore.) in a letter to Costco Chief Executive W. Craig Jelinek. Smith and Merkley head the Congressional-Executive Commission on China, a group of lawmakers and executive branch officials that monitors human rights developments in the country.

Persons: Kena, Chris Smith, Sen, Jeffrey Merkley, Craig Jelinek, Smith Organizations: U.S, Costco, Getty, Congressional, Commission Locations: China, China’s Xinjiang, N.J

NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, expects holiday sales growth will slow to a range of 3% to 4%, compared with 5.4% growth of a year ago. For the holiday 2021 season, sales for the two-month period surged 12.7%. Analysts say that shoppers could become rattled if the Israel-Hamas war is not contained, particularly heading into the critical holiday season. Political Cartoons View All 1230 ImagesThe forecast from the retail trade group considers a variety of indicators including employment, wages, consumer confidence, disposable income, consumer credit, previous retail sales and weather. The consulting firm Deloitte expects holiday sales to jump between 3.5% and 4.6%.

Persons: It's, Craig Johnson, They’re, Kohl’s, It’s, ”, Christie Raymond, “ We’re, they’ve, they’re Organizations: National Retail Federation, Analysts, Federal, Federal Reserve, Fed, Mastercard SpendingPulse, Deloitte, Growth Partners, clogs Locations: Israel

Home prices rose 0.4% in August and at an annual rate of 2.6%, as low inventories buoyed prices even while mortgages hit the 7% level. The CoreLogic Case-Shiller index for the month found 12 of the 20 cities in the index saw higher prices in August from the year-ago period. home prices continued to rise in August 2023,” said Craig J. Lazzara, managing director at S&P DJI. “The year’s increase in mortgage rates has surely suppressed housing demand, but after years of very low rates, it seems to have suppressed supply even more. Political Cartoons on the Economy View All 604 Images“The affordability challenge is being exacerbated by persistently higher mortgage rates,” said Lisa Sturtevant, chief economist for Bright MLS.

Persons: ”, Craig J, Lazzara, ” Selma Hepp, Lisa Sturtevant, Hannah Jones, That’s, Rhys Williams, It’s, Venkat Balakrishnan, –, Dana Peterson, “, ” Peterson Organizations: Bright MLS, Federal Reserve, ”, Census Bureau, “, Realtor.com, Management, Fed, Conference Board, Hamas, Financial Group Locations: Chicago, New York, Detroit, Las Vegas, “, Israel

☆ Technical indicators suggest the 10-year bond yield is headed lower, says Piper Sandler's Johnson
▼ + stars: | 2023-10-25 | 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 EmailTechnical indicators suggest the 10-year bond yield is headed lower, says Piper Sandler's JohnsonCraig Johnson, Chief Market Technician at Piper Sandler, dives into the key technical signals for the markets.

Persons: Piper Sandler's Johnson Craig Johnson, Piper Sandler

☆ This market is already oversold, says Piper Sandler's Craig Johnson
▼ + stars: | 2023-10-20 | 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 EmailThis market is already oversold, says Piper Sandler's Craig JohnsonHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Piper Sandler's Craig Johnson, Brian Sullivan, “ Organizations: CNBC

☆ How Costco's next CEO, Ron Vachris, went from driving the retailer's forklifts to earning millions in the C-suite
▼ + stars: | 2023-10-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Costco president and COO Ron Vachris will take over as CEO from Craig Jelinek on January 1. The 40-year employee started as a forklift driver at Costco's predecessor, Price Club. AdvertisementAdvertisementWhen Ron Vachris steps into his new role as CEO for wholesale club Costco, he will have worn more hats for the company than probably anyone alive. "If Vachris is appointed CEO, he would be the third CEO in Costco's history." When Price Club and Costco merged in 1993 (Costco co-founder Jim Sinegal was a protégé of Price), Vachris was tasked with overseeing the company's expansion back in Arizona.

Persons: Ron Vachris, Craig Jelinek, —, Vachris, Morgan Stanley, Simeon Gutman, Jelinek, Sol Price, Jim Sinegal, — Jelinek, Doug McMillon, Brian Cornell Organizations: Costco, Price, Service, Company, Price Club, SEC, Walmart Locations: Arizona, Colorado, Price

☆ What the return of China's high rollers to Macao means for Wynn Resorts
▼ + stars: | 2023-10-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. In gambling hub Macao, China — where Club holding Wynn Resorts (WYNN) also operates — LVS' EBITDA was up $90 million sequentially, with improved margins. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jerome Powell, EBITDA, Craig Jelinek, Ron Vachris, Varchis, Jelinek, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Investors, Federal, West Texas, Wynn Resorts, WYNN, Wynn, Club, Costco Wholesale, Costco – Locations: Macao, China

☆ S&P 500 to mount 'relief rally' to new record before year-end, says Piper Sandler chart analyst
▼ + stars: | 2023-10-19 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Piper Sandler is bullish on the strength of the S & P 500 , calling for the broad-market index to end the year at 4,825 — a nearly 12% rally from Wednesday's close — even as high Treasury yields have dented stocks. Markets are facing a broad array of hurdles, including ongoing economic headwinds, inflation worries and increased turmoil as tensions build in the Middle East. Underlying signs of improvement Johnson noted increased strength from earnings this week and a better-than-expected retail sales report . In particular, stocks of financial companies and names in the consumer discretionary space have perked up, he said. The recent runup in Treasury yields has slowed the advance of equities, Johnson noted.

Persons: Piper Sandler, Craig Johnson, Johnson, Goldman Sachs, Russell, advancers, decliners, — CNBC's Michael Bloom Organizations: Treasury, Bank of America, New York Stock Exchange, Nasdaq Locations: Wednesday's

☆ Costco CEO Craig Jelinek stepping down after more than a decade in the role
▼ + stars: | 2023-10-19 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Costco CEO Craig Jelinek will step down from the role at the end of this year, the company said. The incoming CEO, Ron Vachris, has worked with Costco for over 40 years, starting as a forklift driver. The transition caps off a decade in the role for Jelinek, who took over from co-founder Jim Sinegal in 2012. Prior to becoming CEO, Jelinek was one of Costco's earliest leadership hires, serving in roles ranging from director of regional operations to vice president of merchandising. AdvertisementAdvertisementJelinek and Vachris worked "hand in hand" for nearly two years to ensure a smooth transition, the company said.

Persons: Craig Jelinek, Jelinek, Jim Sinegal, Ron Vachris, —, Vachris Organizations: Costco, Service, Company

☆ Premarket stocks: How billion-dollar fines are reshaping digital communications in banking
▼ + stars: | 2023-10-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. HSBC is blocking staff from texting on their work phones, a person familiar with the matter confirmed to CNN. What’s happening: Banks must follow strict compliance rules for how they use and store their employees’ texts and other business communications. “Banks use a wide range of approved channels to communicate in compliance with regulatory obligations,” a company spokesperson told CNN. Tesla reported adjusted earnings of $2.3 billion in the quarter, or 66 cents a share, down 37% from a year earlier and the smallest profits it reported in two years.

Persons: Banks, ”, ” Sanjay Wadhwa, Tesla, Chris Isidore, Refinitiv, Dan Ives, “ Price, Elon Musk, “, ’, Craig Jelinek, Ron Vachris, Jelinek Organizations: CNN Business, Bell, New York CNN, HSBC, CNN, Bloomberg, Securities and Exchange Commission, SEC, Commodity Futures Trading Commission, “ HSBC, Carlyle Group, Blackstone, Bank of America, Citigroup, Wedbush Securities, Costco, Sam’s Club, Walmart Locations: New York, London, Wells Fargo, WhatsApp, United States

☆ Costco taps operation chief Vachris as next CEO
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: 1 min

Companies Costco Wholesale Corp FollowOct 18 (Reuters) - Costco Wholesale (COST.O) said on Wednesday CEO Craig Jelinek would step down from his role by the end of the year and would be succeeded by operations head Ron Vachris. The membership-only retailer said company veteran Vachris, who has been with the firm for over 40 years, will take on the role from Jan. 1. Reporting by Aishwarya Venugopal in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Craig Jelinek, Ron Vachris, Vachris, Aishwarya Venugopal, Devika Organizations: Costco Wholesale, Thomson Locations: Bengaluru

☆ Costco Picks Longtime Insider to Succeed Longtime CEO
▼ + stars: | 2023-10-18 | by ( Ben Glickman | ) www.wsj.com time to read: 1 min

The wholesale retailer said current CEO Craig Jelinek, who has served in the role since 2012, would step down. Photo: Bing Guan/Bloomberg NewsCostco Wholesale said longtime Chief Executive Craig Jelinek will step down after the holidays and hand over the role to his top deputy, who has also spent decades working at the warehouse retailing giant. Ron Vachris, 58, the company’s president and chief operating officer, will take over in January, becoming just the second person to hold the Costco CEO job since the company’s co-founders.

Persons: Craig Jelinek, Bing Guan, Ron Vachris Organizations: Bloomberg, Costco Wholesale, Costco

☆ Costco CEO Craig Jelinek stepping down in 2024
▼ + stars: | 2023-10-18 | 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 EmailCostco CEO Craig Jelinek stepping down in 2024CNBC's Kristina Partsinevelos joins 'Closing Bell Overtime' with news that Costco's CEO will step down in January 2024.

Persons: Craig Jelinek, CNBC's Kristina Partsinevelos

☆ Costco CEO Craig Jelinek to step down Jan. 1; COO Ron Vachris will take over
▼ + stars: | 2023-10-18 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +1 min

A Costco Wholesale warehouse sign is seen outside of a store in Silver Spring, Maryland, on August 5, 2023Costco 's longtime CEO Craig Jelinek is stepping down from the company, after the warehouse club's spree of pandemic- and inflation-fueled growth. The company said Wednesday that Ron Vachris, the company's chief operating officer, will succeed him. In a news release, Costco said the two executives have worked together over nearly the past two years. So far this year, the company's stock has shot up by 26% — outperforming both the gains of the S&P 500 and most other publicly traded retailers. Jelinek has been at the helm of the warehouse club since January 2012.

Persons: Craig Jelinek, Ron Vachris, Jelinek Organizations: Costco Wholesale, Costco Locations: Spring , Maryland

☆ Week 6 2023 NFL Sunday: No undefeated teams left in NFL and Bills survive scare
▼ + stars: | 2023-10-16 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

Since the 1970 NFL-AFL merger, those two teams were the only ones ever to go undefeated during the regular season. Jets stun Eagles for Philly’s first defeatThe New York Jets had been down on their luck and the Philadelphia Eagles were undefeated and slowly improving after a slow start. Jets head coach Robert Saleh was blunt in his assessment after the game about the impact his defense was having on opposition teams. Frank Jansky/Icon Sportswire/Getty ImagesBills survive scareIt wasn’t convincing, but the Buffalo Bills maintained their strong start to the season with a narrow 14-9 victory over the New York Giants on Sunday night. “It’s an ugly win, but it counts the same as a pretty win,” Bills star Allen told NBC’s Melissa Stark after the game.

Persons: Tom Brady, Tony Adams, Jalen, Sauce Gardner, DJ Reed –, Robert Saleh, we’ve, ” Saleh, Randall Cobb, Sarah Stier, Zach Wilson, Aaron Rodgers, Wilson, Rodgers, Philly, Vince Lombardi, Craig James, Olamide Zaccheaus, Adam Hunger, Jake Moody, San Francisco, Brock Purdy, Kyle Shanahan, Moody, Ken Blaze, Reuters Myles Garrett, Jeremiah Owusu, Koramoah, Deshaun Watson, Nick Chubb, PJ Walker, –, Kareem Hunt, – Deebo Samuel, Christian McCaffrey, Trent Williams –, Shanahan, ” Shanahan, “, Kyle Juszczyk, ” Juszczyk, ” Moody, Frank Jansky, Darren Waller, Taron Johnson, Josh Allen, Quintin Morris, Deonte Hardy, Tyrod Taylor, Daniel Jones, Timothy T Ludwig, Jones, ”, Allen, NBC’s Melissa Stark Organizations: CNN, Miami Dolphins, New England Patriots, AFL, Dolphins, VII, Patriots, Jets, Eagles, Philly’s, New York Jets, Philadelphia Eagles, Green, Philadelphia, MetLife, “, AP, Browns, 49ers, San Francisco 49ers, Cleveland Browns, Reuters, Cleveland, Getty, Bills, Buffalo Bills, New York Giants, Giants, Buffalo, ” Bills, Baltimore Ravens, Tennessee Titans Washington, Atlanta Falcons Minnesota Vikings, Chicago Bears Seattle Seahawks, Cincinnati Bengals San Francisco 49ers, Cleveland Browns New Orleans Saints, Houston Texans Indianapolis Colts, Jacksonville Jaguars Carolina Panthers, Miami Dolphins New England Patriots, Las Vegas Raiders Detroit Lions, Tampa Bay Buccaneers Arizona Cardinals, Los Angeles Rams Philadelphia Eagles, New York Jets New York Giants Locations: New York, San, Francisco

☆ More young people are getting Costco memberships, but they're not spending as much as boomers or Gen X
▼ + stars: | 2023-09-28 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

More young people are getting Costco memberships, CEO Craig Jelinek told CNBC. Younger shoppers have a different purchasing power to baby boomers and Gen X, Jelinek said. AdvertisementAdvertisementMore young people are buying Costco memberships, but they're not buying as much as older generations, the retailer's CEO says. "We're seeing more younger people sign up, absolutely," Craig Jelinek told CNBC's Jim Cramer. They're slightly going up as they become longer members, but initially the purchasing power from the younger generation compared to the boomers or X is a little bit different in what they're buying."

Persons: Craig Jelinek, they're, Gen X, Jelinek, —, CNBC's Jim Cramer, Xers –, haven't, Richard Galanti, we're Organizations: Costco, CNBC, Service, Pew Research Center, of Labor Statistics, Census Bureau

☆ Costco CEO Craig Jelinek: We're seeing more young people sign up for memberships
▼ + stars: | 2023-09-27 | 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 EmailCostco CEO Craig Jelinek: We're seeing more young people sign up for membershipsCostco CEO Craig Jelinek joins 'Mad Money' host Jim Cramer to talk Q4 earnings, the impact of inflation, continuing digital integration and more.

Persons: Craig Jelinek, Jim Cramer

☆ Costco CEO says more younger people are signing up for memberships
▼ + stars: | 2023-09-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Costco CEO Craig Jelinek told CNBC's Jim Cramer on Wednesday that his company is drawing more young people to its membership base. "We're seeing more younger people sign up, absolutely," Jelinek said. Jelinek said the younger demographic — some of whom may not have started their own families — may be purchasing less merchandise than older generations. But he stressed that Costco is not a "margin house" but a "volume house." According to Jelinek, Costco takes less than a 1% markup on the gold, and that the product drives more shoppers to the website.

Persons: Craig Jelinek, CNBC's Jim Cramer, Jelinek Organizations: Costco

☆ Costco CEO Craig Jelinek talks Q4 earnings results with Jim Cramer
▼ + stars: | 2023-09-27 | 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 EmailCostco CEO Craig Jelinek talks Q4 earnings results with Jim CramerCostco CEO Craig Jelinek joins 'Mad Money' host Jim Cramer to talk Q4 earnings, the impact of inflation, continuing digital integration and more.

Persons: Craig Jelinek, Jim Cramer

Home prices rose 0.6% in July, holding their own amid high mortgage rates and a low supply of houses for sale, according to the S&P CoreLogic Case-Shiller Index released on Tuesday. On an annual basis, the national index is now up 1% from a year ago. “Areas in the Midwest continue to lead the national gains given their relative affordability. Markets that saw home prices reset following the recent surge in mortgage rates are expected to see stronger gains over the next 12 months, particularly those in the West,” Hepp added. While mortgage rates that have recently topped 8% for a 30-year fixed rate loan are dampening demand, a shortage of homes for sale is keeping prices high.

Persons: ”, Craig J, Lazzara, ” Selma Hepp, ” Hepp, Today’s, Danielle Hale, “ Locations: Chicago, Cleveland, New York

☆ A Democratic representative just introduced the 'My Constituents Cannot Afford Rebellious Tantrums, Handle Your Shutdown Act' to halt congressional pay during a government shutdown
▼ + stars: | 2023-09-21 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

If members of Congress don't come to an agreement in 9 days, the government will shut down. A Democratic member of Congress just introduced a bill withholding their pay during a shutdown. On Wednesday afternoon, Craig announced that she had formally introduced the "My Constituents Cannot Afford Rebellious Tantrums, Handle Your Shutdown Act," also known as the "MCCARTHY Shutdown Act," with the expressed desire to halt members' pay for as long as the government remains shut down. If it ultimately passes, members of Congress will receive the full amount that was deducted from their paychecks at the end of the congressional session. Inter-group fighting between GOP members in the House has prevented House Speaker Kevin McCarthy from actually bringing a funding bill to the floor.

Persons: Kevin McCarthy, Angie Craig, Craig, MCCARTHY, Donald Trump Organizations: Democratic, Service, Inter, GOP, Republican Party, House Republicans, Patriots Locations: Wall, Silicon

☆ The S&P 500 can get to 4,825 by year-end, says Piper Sandler's Craig Johnson
▼ + stars: | 2023-09-20 | 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 EmailThe S&P 500 can get to 4,825 by year-end, says Piper Sandler's Craig JohnsonCraig Johnson, Chief Market Technician at Piper Sandler, discusses what the technicals are telling him about a potential year-end rally.

Persons: Piper Sandler's Craig Johnson Craig Johnson, Piper Sandler

☆ Consolidation in energy is limiting upside potential, says Piper Sandler's Craig Johnson
▼ + stars: | 2023-09-06 | 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 EmailConsolidation in energy is limiting upside potential, says Piper Sandler's Craig JohnsonCraig Johnson, Piper Sandler's chief market technician, joins 'Power Lunch' to discuss the technicals case for Accenture's AI upside, consolidation patterns in energy stocks and Fluor seeing a normal correction to the uptrend due to US onshoring efforts.

Persons: Piper Sandler's Craig Johnson Craig Johnson, Piper

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