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☆ Cramer’s Mad Dash: Why you should not sell Apple's stock
▼ + stars: | 2024-11-20 | 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 EmailCramer’s Mad Dash: Why you should not sell Apple's stockCNBC's Jim Cramer and David Faber discuss the latest news regarding Apple.

Persons: Jim Cramer, David Faber Organizations: Apple

☆ '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

☆ Susan Smith killed her 2 young children by pushing her car into a lake. 30 years later, she’s up for parole
▼ + stars: | 2024-11-20 | by ( Chris Boyette | ) edition.cnn.com time to read: +5 min

Susan Smith arrives at Union County Courthouse as the penalty phase of her trial moves into closing arguments in 1995. On Wednesday, Smith will have her chance to make her argument before the parole board, according to the South Carolina Department of Probation, Parole and Pardon Services. Inmates in South Carolina are allowed to receive and send letters but cannot legally communicate with journalists in person or on the phone. Smith and the filmmaker discussed shooting the documentary after the parole hearing and how she would be paid for her participation, according to an incident report. Pope is against Smith’s parole and said he will be speaking before the parole board at the hearing Wednesday.

Persons: Susan Smith, Smith, Michael, Alex, “, –, John D, ’, Susan Smith's, Tommy A, Thomas, haven’t, David Smith, Money, David Smith fastens, John Kuntz, ” Tommy Pope, Pope, “ Susan, Susan, ”, ” Pope, Larry King, ” David Smith Organizations: CNN, Courthouse, Reuters, South Carolina Department of Probation, Services, South Carolina Department of Corrections, Judicial Locations: Union , South Carolina, Long, Union, South Carolina

☆ Stained-glass Tiffany window sells for record $12.48 million at auction
▼ + stars: | 2024-11-20 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —A stained-glass Tiffany window originally designed for an Ohio church has sold for $12.48 million at auction. This is the first time the window has come to auction in 24 years and the sale sets a new auction record for Tiffany Studios. It sold for $2 million back in 2000, which was a world record for a Tiffany window at that time. That was the “thematic precursor” for the Danner Memorial Window 10 years later, Sotheby’s said in a press statement. The museum acquired Garden Landscape, designed in 1912, a three-part window designed by Northrop, last year.

Persons: Danner, Louis Comfort Tiffany –, Tiffany, Charles Lewis Tiffany –, Agnes Northrop, Northrop, Sotheby’s, John, Terressa Danner, Alan Gerry, Jodi Pollack, Louis Comfort Tiffany, Agnes Northrop’s Organizations: CNN, Tiffany Studios, Reformed, Baptist Church, Metropolitan Museum of Art, Northrop Locations: Ohio, York, Sotheby’s, Reformed Church, Flushing, New York, Canton , Ohio

☆ North Korea appears to be sending its powerful howitzers to the Ukraine war, where artillery has been king
▼ + stars: | 2024-11-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

AdvertisementNorth Korea appears to have transferred different types of artillery systems to Russia. The development comes as North Korean troops are fighting against Ukraine on behalf of Russia. North Korea appears to have sent its big guns to Russia, furthering its support of Moscow's grinding war against Ukraine, a conflict in which artillery has been a dominant player. AdvertisementImages began to surface on social media last week showing what were identified as North Korean "Koksan" 170mm self-propelled howitzers traveling by rail across Russia. North Korea now shipping artillery systems to Russia — this in addition to shells, men, and missiles it is already sending.

Persons: Kasapoğlu, ZHBemaVVXM, 3lOtCi13TO — Oliver Carroll, Chung Sung, it's, Joe Biden Organizations: Ukraine, Western, Hudson Institute, Korean, Center for Strategic, Studies ' Missile, Artillery Rocket Systems, US Defense Intelligence Agency, DIA, Getty, Artillery, North Korean, Kyiv's, NATO Locations: Korea, Russia, South Korea, North Korea, Ukraine, Korean, Pyongyang, Kyiv, Moscow, Seoul, Kursk

Learn moreThe 2024 Billie Jean King Cup comes to an end with a final showdown between Slovakia and Italy. We'll show you where to watch the Billie Jean King Cup final, including global live streaming options. It's a familiar scene for both Slovakia and Italy as they enter the final at the Billie Jean King Cup. Check price at FuboWhere to watch the Billie Jean King Cup in the UKThe Billie Jean King Cup Final airs on the Tennis Channel in the UK, which is streamable through the Tennis Channel website. Where to watch the Billie Jean King Cup in AustraliaBillie Jean King Cup Final coverage will be available through beIN in Australia.

Persons: Billie Jean King, Italy's Jasmine Paolini, Sara Errani, Swiatek, Katarzyna Kawa, Australia Billie Jean King, It's, ExpressVPN Organizations: Business, Billie Jean King Cup, Tennis Channel, DirecTV, Entertainment, Elite, Sports, Fubo Locations: Slovakia, Italy, We'll, Canada, Iga, Poland, Australia, beIN

☆ Watch CNBC's full interview with Goldman Sachs chairman & CEO David Solomon
▼ + stars: | 2024-11-20 | 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 EmailWatch CNBC's full interview with Goldman Sachs chairman & CEO David SolomonDavid Solomon, Goldman Sachs chairman and CEO, sits down with CNBC's Leslie Picker to discuss whether deregulation promises made by president Donald Trump will come to fruition, expectations for markets in the new administration, and more.

Persons: Goldman Sachs, David Solomon David Solomon, CNBC's Leslie Picker, Donald Trump

☆ US Proposes Forcing Google to Sell Chrome to Fix Search Monopoly
▼ + stars: | 2024-11-20 | by ( David Mccabe | ) www.nytimes.com time to read: +1 min

The request follows a landmark ruling in August by Judge Amit P. Mehta of the U.S. District Court for the District of Columbia that found Google had illegally maintained a monopoly in online search. Judge Mehta asked the Justice Department and the states that brought the antitrust case to submit solutions by the end of Wednesday to correct the search monopoly. Beyond the sale of Chrome, the government asked Judge Mehta to give Google a choice: either sell Android, its smartphone operating system, or bar Google from making its services mandatory on phones that use Android to operate. If Google broke those terms, or the remedies failed to improve competition, the government could force the company to sell Android at a later date. Google should also be required by the court to allow rival search engines to display the company’s results and access its data for a decade, the government said.

Persons: Judge Amit P, Mehta, Judge Mehta Organizations: Justice Department, Google, U.S, District of, Chrome, Apple Locations: District of Columbia

☆ U.S. 'industrial renaissance' is fueling a rebound in fundraising, Apollo CEO Marc Rowan says
▼ + stars: | 2024-11-20 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O'Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC, and David Solomon, chief executive officer of Goldman Sachs Group Inc., during the Global Financial Leaders' Investment Summit in Hong Kong, China, on Tuesday, Nov. 19, 2024. An "industrial renaissance" in the U.S. is fueling demand for capital, Marc Rowan, CEO of Apollo Global Management said at the Global Financial Leaders' Investment Summit in Hong Kong. "There is so much demand for capital, [including through debt and equity] ... What's going on is nothing short of extraordinary," Rowan said on Tuesday during a panel discussion. "What we're watching is this incredible demand for capital happening against a backdrop of a U.S. government that is running significant deficits. Rowan and other panelists also identified energy and data centers — needed for artificial intelligence and digitization — as growth sectors requiring more capital.

Persons: Jonathan Gray, Ron O'Hanley, Ted Pick, Morgan Stanley, Marc Rowan, David Solomon, What's, Rowan, Donald Trump Organizations: Blackstone Inc, State Street Corp, Apollo Global Management LLC, Goldman Sachs, Inc, Global Financial, Investment, Apollo Global Management, Blackstone Locations: Hong Kong, China, U.S

☆ 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

☆ 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

☆ CNBC anchors and insiders worry about their futures as Comcast looks to unload the network
▼ + stars: | 2024-11-20 | by ( Lucia Moses | Madeline Berg | ) www.businessinsider.com time to read: +4 min

AdvertisementCNBC anchors projected an air of mild panic about the news that Comcast would spin off the network. The media conglomerate announced it would create a new entity for most of its cable networks. CNBC anchors turned their signature irreverent style on themselves on Wednesday, as their parent Comcast became a headline in announcing plans to spin off the business news network along with many other cable assets. Analysts — including those featured on CNBC — did not hold back on Wednesday about what the spinoff means for the cable network. AdvertisementOne question for CNBC folks is whether they will maintain the prestige and workplace benefits that came with being part of Comcast.

Persons: We're, Joe Kernan, David Faber, Kernan, Mark Lazarus, Faber, CNBC —, Rich Greenfield, Rich, Becky Quick, Julia Boorstin, NBCU, Elon, Trump Organizations: CNBC, Comcast, Real Housewives, NBC, LightShed Partners, Warner Bros, Discovery, Paramount, Starz, Business Locations: NBCU, London

☆ U.S. Plans to Propose Breakup of Google to Fix Search Monopoly
▼ + stars: | 2024-11-20 | by ( David Mccabe | ) www.nytimes.com time to read: +1 min

The request would follow a landmark ruling in August by Judge Amit P. Mehta of the U.S. District Court for the District of Columbia that found Google had illegally maintained a monopoly in online search. Judge Mehta asked the Justice Department and the states that brought the antitrust case to submit solutions by the end of Wednesday to correct the search monopoly. Beyond the sale of Chrome, the government is set to ask Judge Mehta to bar Google from entering into paid agreements with Apple and others to be the automatic search engine on smartphones and in browsers, the people said. The proposals would likely be the most significant remedies to be requested in a tech antitrust case since the Justice Department asked to break up Microsoft in 2000. If Judge Mehta adopts the proposals, they will set the tone for a string of other antitrust cases that challenge the dominance of tech behemoths including Apple, Amazon and Meta.

Persons: Judge Amit P, Mehta, Judge Mehta Organizations: Justice Department, Google, U.S, District of, Chrome, Apple, Microsoft, Meta Locations: District of Columbia

☆ CMA Awards 2024: See who won
▼ + stars: | 2024-11-20 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —The 58th Annual CMA Awards are underway, taking place live from Nashville’s Bridgestone Arena. Morgan Wallen earned the most nominations with seven, followed by Cody Johnson and Chris Stapleton with five. The CMA Awards aired live on ABC and will be available to stream on Hulu on Thursday. Morgan Wallen)• “Watermelon Moonshine” – Lainey Wilson• “White Horse” – Chris Stapleton *WINNERALBUM OF THE YEAR• “Deeper Well” – Kacey Musgraves• “Fathers & Sons” – Luke Combs• “Higher” – Chris Stapleton• “Leather” – Cody Johnson *WINNER• “Whitsitt Chapel” – Jelly RollCody Johnson performs during the CMA Awards on Wednesday, in Nashville, Tennessee. Kacey Musgraves)• “Man Made A Bar” – Morgan Wallen (Feat.

Persons: Luke Bryan, Peyton Manning, Lainey Wilson –, Morgan Wallen, Cody Johnson, Chris Stapleton, Post Malone, Wilson, Malone, George Strait, Megan Moroney, Kacey Musgraves, Luke Combs, Kelsea Ballerini, Noah Kahan, Chris Stapleton • Morgan Wallen, • Lainey Wilson, – Cody Johnson •, Lainey Wilson •, ” – Luke Combs, Chris Stapleton •, – Cody Johnson, • “, Jelly Roll Cody Johnson, George Walker IV, – Hillary Lindsey, Parker McCollum, Lori McKenna, Liz Rose •, Josh Phillips • “, Louis Bell, Ashley Gorley, Charlie Handsome, Hoskins, Ernest Keith Smith, Chandler Paul Walters •, – Benjy Davis, Kat Higgins, Ryan Larkins •, Dan Wilson, Ballerini • Ashley McBryde, Megan Moroney •, Lainey Wilson, Roll • Cody Johnson, • Morgan, •, Clay, Zac Brown, Brooks, Dunn, • Brothers Osborne, Dan, Shay, Maddie, Tae, Ronnie Dunn, Kix Brooks, Tibrina Hobson, FilmMagic, Zach Bryan, Kacey, – Morgan Wallen, Eric Church, ”, Ella Langley, Riley Green, Tom Bukovac, • Paul Franklin, Rob McNelley, Charlie Worsham, ” – Cody Johnson, – Lainey Wilson, • Shaboozey, Nate Smith • Mitchell Tenpenny, Zach Top • Bailey Zimmerman Organizations: CNN, Nashville’s Bridgestone, NFL, Post, CMA, ABC, Austin Post, Big, Brooks, Cowboys, • Paul Franklin – Locations: Hulu, Nashville , Tennessee, Austin

☆ Kids made fun of my unusual name growing up. It shaped my personality, and I've embraced it.
▼ + stars: | 2024-11-20 | by ( Dixie Gillaspie | ) www.businessinsider.com time to read: +5 min

Growing up in Dixie, surrounded by more common names like Mary and Jane, made me who I am. Mary, Jane, or Ann would do nicely. AdvertisementIn the company of my peers a name like Dixie meant being teased, even tormented, with nowhere to hide. AdvertisementI've embraced my unusual nameKids weren't the only ones to think my name was an invitation to innuendo and amusement. AdvertisementI have to wonder if I would have developed a milder personality if Dad had his way and I'd ended up a Mary, Jane, or Ann.

Persons: Mary, Jane, David, Nobody, didn't, Ann, Dixie Diane, Dixie, Hey Dix, giggles, Richard, it's, I've, Badfinger, Dizzy Gillespie, Dad, I'd, Marys, Janes Locations: Dixie, Jennifers

☆ Target CEO says shoppers are stretched and waiting until 'the last moment of need' to buy items
▼ + stars: | 2024-11-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said. Chief Commercial Officer Rick Gomez provided additional detail about how this new consumer pattern has played out for the company. Advertisement"Our Target Circle week this quarter was one of our biggest yet," he said. Unseasonably warm temperatures also meant that shoppers delayed their purchases of cold-weather apparel until they actually needed it, Gomez said. "Would you be willing to trade some of the upside in those areas for even more consistency from quarter to quarter?"

Persons: Brian Cornell, Rick Gomez, Gomez, Neil Saunders, —, Fitch, David Silverman, Michael Lasser, Cornell Organizations: Target, Walmart, Data, UBS Locations: New York

☆ Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy's playbook
▼ + stars: | 2024-11-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The board of Acurx Pharmaceuticals approved Wednesday the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset. "This new treasury strategy is a finance strategy and has no impact on our overarching drug development plans." On an X spaces event Tuesday evening, MicroStrategy Chairman and bitcoin evangelist Michael Saylor said he plans to pitch the board of Microsoft in December on his bitcoin treasury strategy. The theme has broadened to the government level this year, with Sen. Cynthia Lummis proposing a national strategic bitcoin reserve this summer. President-elect Trump similarly made mention of a potential national bitcoin stockpile in the same week.

Persons: David P, Luci, MicroStrategy, Donald Trump's, Michael Saylor, Sen, Cynthia Lummis, Trump Organizations: Acurx Pharmaceuticals, Semler, Microsoft Locations: bitcoin

☆ Goldman Sachs CEO: The market is signaling belief that new government will pare back regulation
▼ + stars: | 2024-11-20 | 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 EmailGoldman Sachs CEO: The market is signaling belief that new government will pare back regulationDavid Solomon, Goldman Sachs chairman and CEO, sits down with CNBC's Leslie Picker to discuss whether deregulation promises made by president-elect Donald Trump will come to fruition, expectations for markets in the new administration, and more.

Persons: Goldman Sachs, pare, David Solomon, CNBC's Leslie Picker, Donald Trump

☆ 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

☆ Hard to bet against U.S. large-cap stocks and Nvidia: Portfolio manager
▼ + stars: | 2024-11-20 | 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 EmailHard to bet against U.S. large-cap stocks and Nvidia: Portfolio managerDavid Wagner of Aptus Capital Advisors says the unique nature of U.S. large-caps' operating leverage at the "forefront of what they do" makes them attractive.

Persons: David Wagner Organizations: U.S, Nvidia, Aptus Capital Advisors

☆ Delta takes a jab at Spirit and says it soon expects more profit from premium seats than economy
▼ + stars: | 2024-11-20 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

As such, premium seats — currently about 30% of Delta's inventory — will be a majority focus of any added capacity next year. Delta is doubling down on premium seatsDelta's premium cabins, including premium-economy upgrades, Delta One business class, and domestic first class, have long been profit drivers. Delta said its Airbus A350-1000 aircraft will be introduced with about 50% premium seats, for example, while the airline plans to add lie-flat business class to A321neo jets. AdvertisementThis all comes after Delta had higher-than-expected earnings in the third quarter, largely anchored by premium seats, even though it was dinged by a costly CrowdStrike outage. From July through September, Delta generated $5.3 billion in premium revenue compared to $6.3 billion for the economy cabin despite premium taking up less cabin real estate.

Persons: Glen Hauenstein, Hauenstein, Scott Kirby, David Neeleman, They've, Ed Bastian, Donald Trump, Delta, didn't Organizations: Lines, Delta Air Lines, Wednesday, Delta, Spirit Airlines, United Airlines, Breeze Airways, Biden, Airbus, Boeing Locations: Atlanta

☆ CNBC Daily Open: Anticipation over Nvidia’s earnings overshadows geopolitical risks
▼ + stars: | 2024-11-20 | 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. Russia warns of nuclear responseUkraine "struck a facility in [the] Bryansk region" of Russia using six U.S.-made missiles, said Russia's Ministry of Defense. On Tuesday, Russian President Vladimir Putin updated the country's nuclear doctrine, expanding the circumstances that would warrant a response using nuclear weapons. Markets recovered from jittersU.S. markets mostly closed higher on Tuesday after dipping in response to news of heightened geopolitical tensions.

Persons: Vladimir Putin, Cristiano Amon's, Atomico, Goldman Sachs, David Kostin Organizations: CNBC, Ministry of Defense, Micro Computer, Eurostat, Qualcomm Qualcomm, Qualcomm, Venture Locations: Russia, Ukraine, Bryansk, jitters U.S, New, Europe, Tuesday's, U.S

☆ The 10-year Treasury yield is looming as a potential anchor on stocks
▼ + stars: | 2024-11-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The runup in the 10-year Treasury yield is proving to be more than a short-term fluctuation, and that is starting to draw nervous looks on Wall Street. US10Y 3M mountain The 10-year Treasury yield started to climb ahead of the election and has moved higher still after Donald Trump's victory. With the 10-year yield close to a key psychological level of 4.5%, there is concern that another move higher could lead to a downturn in the stock market. If the 10-year yield does break through the 4.5% level, technical patterns suggest it could make a significant climb. Strong economic growth and optimism around artificial intelligence are two reasons why stocks may be able to tolerate higher rates, said Solita Marcelli, UBS global wealth management chief investment officer for the Americas.

Persons: Bond, Donald Trump's, Wolfe, Chris Senyek, Trump, Senyek, Paul Ciana, Stocks, Solita Marcelli, Marcelli Organizations: Treasury, Wolfe Research, Bank of America, UBS Locations: 1Q25

☆ 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

☆ Stanley Black & Decker updates targets, plus Nvidia and Palo Alto earnings on deck
▼ + stars: | 2024-11-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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. 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, Stanley Black, Decker, Don Allen, Jim Cramer's, Jim, David Paul Morris Organizations: CNBC, ., Bloomberg, Nvidia, Palo Alto, Deere, BJ's Wholesale, Baidu, GE Healthcare, Jim Cramer's Charitable, Getty Locations: radiopharmaceuticals, Colma , California

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