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☆ Gold falls on firmer U.S. dollar, profit-taking; key U.S. data in focus
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: +2 min

Gold prices snapped a four-session rally to fall on Monday, pressured by a firmer U.S. dollar and profit-taking, while investors awaited key U.S. economic data for cues on the Federal Reserve's monetary policy outlook. Gold prices snapped a four-session rally to fall on Monday, pressured by a firmer U.S. dollar and profit-taking, while investors awaited key U.S. economic data for cues on the Federal Reserve's monetary policy outlook. Major U.S. data due this week includes U.S. job openings, the ADP employment report and the payrolls report. "If the Fed was to set the stage more clearly for a potential rate hold into 2025, we may likely see gold prices weigh further," Rong said. Gold prices slipped over 3% in November to register its worst monthly performance since September 2023 as the prospect of higher tariffs under the incoming Donald Trump administration to keep interest rates higher for longer loomed.

Persons: Yeap Jun Rong, Jerome Powell, Rong, Donald Trump, Trump Organizations: Federal, U.S ., U.S, Saturday

☆ Why Trump’s tariff plans could lead to higher interest rates
▼ + stars: | 2024-12-01 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Fed Chair Jerome Powell said in a recent speech in Dallas that it is still too early to consider how Trump’s tariff plans would affect the US economy. Trump’s tariffs would almost certainly push up prices for imported goods like avocados, cars and tequila. Retaliatory tariffs and consumer perceptionsFed officials will eventually develop economic models of how the US economy could perform under different tariff scenarios. Two potential developments they’ll consider will be whether retaliatory tariffs emerge from Trump’s plans, if enacted, and if Americans believe inflation will pick up. Despite the better outlook on price increases, “consumers overwhelmingly selected higher prices as their top concern and lower prices as their top wish for the new year,” the Conference Board added.

Persons: Donald Trump’s, Jerome Powell, Trump, Claudia Sheinbaum, ”, Stephanie Aliaga, ” Powell, ” Quincy Krosby Organizations: Washington CNN —, Federal Reserve, International Monetary Fund, Trump, Fed, Conference, Board, Asset Management, Treasury, LPL Locations: Dallas, Mexico, Canada, North America

☆ 4 predictions for the US housing market in 2025, according to Zillow
▼ + stars: | 2024-12-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementThe US housing market will keep shifting in 2025, according to Zillow. Homebuying activity should pick up after a long slump, despite choppiness in mortgage rates, the firm said. Between stubbornly high mortgage rates and elevated prices, home buyers had a tough time navigating the housing market in 2024, but more changes could be coming next year, Zillow says. In a recent outlook, the real estate listings site forecast a handful of developments for next year's housing market, which they noted is still in the process of normalizing since the pandemic. Mortgage rates will be choppyZillow predicted that mortgage rates will bounce up and down throughout next year.

Persons: Zillow, Freddie Mac, Skylar Olsen, Olsen, there's Organizations: National Association of Realtors

☆ Top Wall Street analysts pick 3 stocks for their attractive prospects
▼ + stars: | 2024-12-01 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

Top Wall Street analysts look to pick stocks of companies that are backed by strong financials, reliable business models and that boast attractive product offerings. With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. ServiceNowThis week's first pick is artificial intelligence-enabled workflow automation software company ServiceNow (NOW). Following a virtual fireside chat with ServiceNow's CFO Gina Mastantuono, Mizuho analyst Gregg Moskowitz reiterated a buy rating on NOW stock. The analyst also raised the price target to $1,070 from $980 to account for the rise in comparative valuation multiples.

Persons: Rafael Enrique, Lightrocket, Donald Trump, Gina Mastantuono, Gregg Moskowitz, Moskowitz, TipRanks, TD Cowen, Derrick Wood, Wood, Twilio Organizations: Wall, Mizuho, ServiceNow's Locations: Snowflake's, Snowflake

President-elect Donald Trump announced Saturday he would pick Kash Patel, the former chief of staff to to the acting secretary of defense during the first Trump administration, to serve as director of the Federal Bureau of Investigation. "Kash is a brilliant lawyer, investigator, and “America First” fighter who has spent his career exposing corruption, defending Justice, and protecting the American People," Trump wrote in a post to Truth Social, arguing Patel would "bring back Fidelity, Bravery, and Integrity to the FBI." Patel has earned a reputation as the ultimate Trump loyalist who has called for a purge of perceived enemies in the Justice Department and intelligence agencies. During the closing months of Trump’s tenure, the former president proposed Patel to serve as the deputy CIA director or to take over the FBI. He accused Patel of being a Washington bureaucrat who would interfere in a case where he was not needed.

Persons: Donald Trump, Kash Patel, Trump, Kash, Patel, Trump’s, ”, ” Patel, Chris Miller, Gina Haspel, William Barr, “ Patel, ” Barr, Joe Biden, Marc Short, Mike Pence, Steve Bannon, Bannon, “, it’s, we’re, “ King Donald, Shawn Ryan, Lynn Hughes, ‘ Organizations: Federal Bureau of Investigation, American People, Fidelity, Bravery, FBI, Trump, Justice Department, “, Democratic, National Security Council, Kash Foundation, Navy, ISIS Locations: Trump, Russia, Trump’s, Miami, Libyan, U.S, Benghazi, “, Houston, Central Asia, Washington, Tajikistan

Kaitlin Sonday, 25, Lincoln, Nebraska Works mainly in the beauty section at Target, making $16.50 an hour. Even so, Sonday, 25, of Lincoln, Nebraska, prefers retail to a job that would put her animal science degree to use. And if retail works for you, that’s OK, too. Kaitlin Sonday, Lincoln, Neb. “And if retail works for you, that’s OK, too.

Persons: Kaitlin Sonday, she’s, “ It’s, ”, Sonday isn’t, Sonday, “, ” Sonday, Brian Harper, Tibaldo, Italy —, don’t Organizations: Target, MIT, Brands, Hyundai, University of Nebraska Locations: Lincoln , Nebraska, Lincoln’s Lancaster County, NeighborWorks, Lancaster County, Lincoln, Neb, ZipRecruiter, Italy, Lincoln County

☆ Is the vibecession about to end?
▼ + stars: | 2024-11-29 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Optimism surged post-2016 election, with small businesses planning to hire more employees. Yes, that's a portmanteau of vibes and expansion, and it's the upbeat version of its better-known cousin, the vibecession. Advertisement"Small business owners lean Republican," said Oliver Allen, a senior US economist at Pantheon Macroeconomics, in a November 12 note. Goldman Sachs"After Donald Trump was elected the 45th President in November 2016, the National Federation of Independent Businesses (NFIB) small business optimism index skyrocketed. "We expect an improving small business operating environment will boost the sentiment and spending of SMBs in 2025 and lift the earnings and valuation of stocks with revenues tied to that spending."

Persons: Kyla Scanlon, National Bureau of Economic Research hasn't, there's, Donald Trump's, Oliver Allen, Goldman Sachs, Donald Trump, David Kostin, they're, Daniel Zhao, Louis, Zhao Organizations: National Bureau of Economic Research, Pantheon, National Federation of Independent Businesses, Chief US, Economics, Workers, Glassdoor, Louis Fed Locations: St

☆ Ether could be crypto’s biggest Trump 2.0 beneficiary, after investors nearly abandoned it this year. Here's why
▼ + stars: | 2024-11-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Ether , the digital silver to bitcoin's gold, has outperformed the rest of crypto since the U.S. election and brought ether ETFs to life at last. Plus, the absence of regulatory clarity has meant an inability for investors to " stake " their ether for yield. It's still up 59% for 2024, but it's trailing bitcoin at 126% and the rest of the crypto market, as measured by the CoinDesk 20 index, at 94%. "[The] Trump impact on bitcoin and crypto including ETH is not priced in yet," he said. To be sure, there's an awareness gap among average investors of bitcoin versus ether.

Persons: Solana, It's, Zach Pandl, Mark Connors, Donald Trump, Trump, Joe Biden, Pandl, Ethereum, Matt Hougan, —, JPMorgan's, Hougan, I'm, Harris, — it's Organizations: Investors, Solana, ETH, Bitwise, DeFi Locations: United States, U.S, tokenization, bitcoin, ETH —, ETH

☆ Trump voters could fuel holiday spending, while Harris supporters may pull back
▼ + stars: | 2024-11-29 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

In a world where sentiment drives purchasing decisions, these differences in opinion could shape how much people end up spending this holiday season. "It's very hard being a millennial and having to worry about buying a house, affording groceries, rent, all that stuff. Meanwhile, Trump voter Armando Duarte, a 62-year-old retired utility worker from Fort Lee, New Jersey, told CNBC he's feeling a lot better about the holiday shopping season since Trump won. In GOP-won states, shipping volumes increased by 50.4% after the election, while Democrat-won states saw volumes decrease by an average of 11.2%. Only two blue states — Illinois and Minnesota — saw shipping volumes increase after the election, while all others saw rates fall.

Persons: Donald Trump, Kamala Harris, Harris, Amanda Davila, I'm, Davila, Trump, Armando Duarte, Duarte, Jobs, Meir Statman, University's Organizations: CNBC, Trump, Santa, University's Leavey School of Business, Shipping, GOP, Democrat Locations: Texas , Michigan , New Jersey , New York , Connecticut, North Carolina, Virginia, New York City, Fort Lee , New Jersey, — Illinois, Minnesota

☆ Euro zone inflation climbs to 2.3% in November, meeting expectations
▼ + stars: | 2024-11-29 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Sebastian Kahnert | Picture Alliance | Getty ImagesAnnual euro zone inflation rose to 2.3% in November, statistics agency Eurostat said Friday, climbing back above the European Central Bank's 2% target. Economists polled by Reuters had expected the 2.3% annual rate for the month, up from 2% in October. Core inflation, excluding volatile energy, food, alcohol and tobacco prices, held at 2.7% for a third straight month in November. Inflation came in slightly higher than forecast in October, while ECB policymakers, including executive board member Isabel Schnabel, have stressed the need for caution in monetary easing. The ECB's decision will largely be informed by the latest staff macroeconomic projections it will receive just ahead of its upcoming Dec. 12 meeting.

Persons: Sebastian Kahnert, Price, Isabel Schnabel, Donald Trump Organizations: Getty, Eurostat, Central, Reuters, ECB Locations: Dresden, Union

☆ CrowdStrike well-positioned for recovery next year after July outage
▼ + stars: | 2024-11-29 | 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 EmailCrowdStrike is well-positioned for recovery next year after July outage caused some customer churnAndrew Nowinski of Wells Fargo discusses CrowdStrike business outlook after reporting earnings for "the most challenging" quarter ever.

Persons: Andrew Nowinski Locations: Wells

☆ Ditch all the negativity: Here's what can go right to lift each of our 34 stocks
▼ + stars: | 2024-11-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +20 min

To counter that, Jim Cramer has said investors should not lose sight of what can go right for their stocks. Smooth chip updates: AMD needs to successfully carry out its annual release cycle for AI chips. That needs to be sustained to justify Meta's heavy spending on AI chips. Nevertheless, correcting this dynamic should translate into faster revenue growth rates. Palo Alto Networks Bigger deals: Cybersecurity is a secular growth market: As the number of bad actors grows, companies can't afford to not invest in defense.

Persons: Jim Cramer, Abbott, Donald Trump, Trump, Joe Biden, Eaton, Eli Lilly, Eli Lilly's GLP, Lilly, Hurricanes Helene, Milton, Elliott Management's, Elliott, Jim, Linde, Morgan Stanley Lower, Morgan, Biden, –, Jensen Huang, Palo, Stanley Black, Brian Niccol's, Wells, Jim Cramer's, Timothy A, Clary Organizations: Abbott, Devices, Microsoft, AMD, Nvidia, Justice Department, Services, Trump, Apple, Apple Intelligence, Federal, Bristol Myers Squibb, Bristol Myers, Broadcom, Constellation Brands, Modelo, Costco, U.S, Netflix, Coterra Energy, LNG, DuPont, GE Healthcare, GE, Hurricanes, Honeywell Business, Honeywell, Linde, Meta, Facebook, Federal Reserve, GOP, Nvidia's, Industry, Palo Alto, Decker, Starbucks, Walt Disney Parks, TJX, Jim Cramer's Charitable Trust, CNBC, Traders, New York Stock Exchange, Getty Locations: U.S, BlackRock, Corona, China, Dover, –, New York City

☆ Bank of England warns of risks from rise in global trade barriers
▼ + stars: | 2024-11-29 | by ( ) www.cnbc.com time to read: +2 min

Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank's headquarters in the City of London, UK, on Thursday, Aug. 1, 2024. The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing up borrowing costs for businesses and consumers. While U.K. households, businesses and banks appeared to be in good shape, the BoE report said, Britain's financial sector faced risks that were "particularly relevant" given the openness of the U.K. economy. "Uncertainty around, and risks to, the outlook have increased," the report said. Bailey also stressed the importance of minimum international financial standards in the wake of the Nov. 5 U.S. election.

Persons: Andrew Bailey, BOE, Donald Trump, BoE, Bailey, Trump, Rachel Reeves Organizations: Bank of England, City of, The Bank of England, U.S, Trump Locations: City, City of London

☆ She moved to Portugal with her husband to start a new life. Then the unthinkable happened
▼ + stars: | 2024-11-28 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +13 min

Now Kimberly is having to navigate her way through life without her beloved husband, while residing in the destination that they chose to start afresh in. Putting down rootsIn 2021, the couple visited Portugal and decided to settle there. “It’s hard to learn Portuguese, because Portuguese people want to practice their English,” she says. “I really don’t want to start over,” she says, adding that she’s not ready to move Mark’s stuff anywhere. But while Portugal may not be filled with decades of memories of Mark, her grief remains inescapable regardless.

Persons: Kimberly Walker, Mark, “, ” Kimberly, There’s, Kimberly, they’d, ”, we’d, Mark jetted, ’ ” Kimberly, she’s, It’s, it’s, I’ve, She’d, she’d, Honey, I’m, she’ll, hadn’t, “ There’s Organizations: CNN, Golden State, CNN Travel, San, downer Locations: San Diego , California, Poland, Montenegro, Australia, Portugal, United States, Europe, Southern California, San Diego, Amsterdam, Denmark, Brussels, Germany, France, Spain, Italy, United Kingdom, New Zealand, ”, Vilamoura, Algarve, America, Ireland, Kimberly, Norway, California, Oxfordshire, London, Portuguese

☆ Apple, Trump and a booming budget surplus: Ireland has much to mull over as voters head to the polls
▼ + stars: | 2024-11-28 | by ( Michael Considine | ) www.cnbc.com time to read: +4 min

Kinga Krzeminska | Moment | Getty ImagesIreland goes to the polls on Nov. 29, with center-right parties Fianna Fáil and Fine Gael once again expected to form the nucleus of the country's next government. On the flipside, there are concerns in Dublin that U.S. President-elect Donald Trump will look to clamp down on U.S. companies paying taxes in Ireland, instead of in America. Political angleThe country's two biggest parties look once again on track to form a government, despite some travails for Fine Gael as the campaign winds down. The latest Irish Times/Ipsos B&A poll of Nov. 25 shows support for Fine Gael falling six points to 19% over the last two weeks, while Fianna Fáil's backing now stands at 21%. It is nevertheless unclear what policy changes can be expected, given the sway that Fianna Fáil and Fine Gael are likely to have in a potential government.

Persons: Kinga, Fáil, Donald Trump, Republican Party Sinn, Emma Howard, Jack Chambers, Howard, Trump's Organizations: Images, Fine Gael, Green Party, European Court of Justice, Apple, Irish Times, Republican Party, Housing, Central Bank of Ireland, TU Dublin, CNBC, IMF, ECB, European Commission, Finance, AAA Locations: Ireland, Dublin, America

☆ U.S. stocks too expensive? Morningstar's top exec reveals where he's investing instead
▼ + stars: | 2024-11-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Attractive returns and a breadth of opportunities are among the reasons the U.S. market historically reigns supreme among investors. However, one market watcher considers U.S. stocks to be expensive and is now seeking opportunities in cheaper markets with what he sees as better risk-adjusted returns. "Many large U.S. stocks appear to be expensive and consequently are offering lower future returns," Morningstar analysts wrote in a 2025 outlook report. 'Attractive pockets' Going forward, Morningstar's top executive is optimistic on markets like Japan and China which present "attractive pockets" of opportunity. 'Pockets of undervaluation' Over in Japan, Kapoor likes that the market offers "pockets of undervaluation."

Persons: Kunal Kapoor, I'm, Kapoor, Morningstar, Warren Buffett Organizations: CNBC Pro, Morningstar, China Holdings, Tokyo Stock Exchange, Nippon ISA Locations: U.S, Japan, China

☆ When to quit working, take Social Security, and focus on yourself: Older Americans share their regrets about navigating retirement.
▼ + stars: | 2024-11-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

Many had regrets about retiring too early, taking Social Security prematurely, and draining savings. Regrets included retiring too early, taking Social Security benefits prematurely, and draining retirement savings too quickly. Kathleen RuddAt 62, she retired from a job paying almost $60,000 a year and opted to take Social Security early. Cashing out Social Security too fastSharon, 77, took Social Security too early, prompting her to unretire to cover expenses. Advertisement"If only someone had just said, do not take Social Security early, do not invest your money this way," Sharon said.

Persons: boomer, they've, Kathleen Rudd, Rudd, wasn't, David John, John, Misty Miller, Miller, it's, Sharon, Cindy Kohli, Kohli, reprioritize Organizations: Social, Social Security, AARP, Security, Social Security Disability Insurance, Veterans Affairs Locations: Colorado, Sacramento, Atlanta, Arizona

☆ DK Metcalf: The journey of the ‘eclectic’ Seattle Seahawks receiver
▼ + stars: | 2024-11-28 | by ( Coy Wire | Ben Morse | ) edition.cnn.com time to read: +9 min

The then-21-year-old was ruled out for the remainder of the season, and a doctor told him at the time that he’d never play football again. But remarkably, Metcalf made a full recovery, declaring for the 2019 NFL Draft in which he was selected by the Seattle Seahawks with the final pick of the second round. But despite his impressive showing, Metcalf fell to the second round of the NFL Draft where the Seahawks selected him with the 64th overall pick – the ninth receiver taken overall. Metcalf was selected with the 64th pick in the 2019 NFL Draft. “Because there was a time where I was sitting in college with a broken neck not knowing if I was going to play football again.

Persons: CNN —, Metcalf, he’d, CNN Sport’s Coy, “, ” Metcalf, Wire, Jennifer Stewart, Terrence, Terry, Eric, ”, Ole Miss, AJ Brown, Russell Wilson, Budda Baker, Baker, Kliff Kingsbury, Pete Carroll, I’ve, ” Baker –, –, Steph Chambers, ’, it’s, Joe Nicholson, – Metcalf, Decaf Metcalf ” –, … Organizations: CNN, CNN — DK, Ole Miss, Alabama, Seattle Seahawks, CNN Sport’s, NFL, Chicago Bears, Detroit Lions, New, New Orleans Saints, Seahawks, Seattle, Cincinnati Bengals, Eagles, Pro, Arizona Cardinals, Cardinals, Dallas Cowboys, USA, Reuters, Sound Organization, Small Locations: Oxford , Mississippi, New Orleans, Mississippi

☆ OPEC+ postpones meeting to decide oil production strategy to Dec. 5, sources say
▼ + stars: | 2024-11-28 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024. The OPEC+ oil alliance postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two delegate sources told CNBC. The coalition, made up of the Organization of the Petroleum Exporting Countries and its allies, was initially scheduled to meet on Dec. 1. The OPEC+ coalition is currently operating three sets of separate oil production cuts, in response to an uncertain demand outlook. Under its formal output strategy, member nations are curtailing their combined production to 39.725 million barrels per day (bpd) into next year.

Organizations: Organization of, Petroleum, CNBC Locations: United Nations, Baku, Azerbaijan, OPEC, Kuwait City, Kuwait

☆ US economy could face higher inflation and slower growth when Trump takes office, 'Dr. Doom' economist Nouriel Roubini says
▼ + stars: | 2024-11-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementNouriel Roubini thinks higher inflation and slower growth are coming on the back of Trump's policies. "Some of the economic policies may lead to higher economic growth," Roubini said, pointing to Trump's push to loosen regulation and slash the corporate tax rate. "But unfortunately, many of the other policies have the implication of higher inflation and lower economic growth." AdvertisementOther forecasters have also warned of the potential for higher inflation in Trump's second term. Trump, though, has repeatedly disputed the idea that his policies are inflationary and said he would lower prices for Americans.

Persons: Roubini, Roubini —, Doom, —, Trump, Taylor Rogers Organizations: Bloomberg, Social Security, Committee, Federal, Deutsche Bank, Trump, White, Republican National Committee Locations: stoke, Mexico, Canada, China

☆ FTC opens broad antitrust investigation into Microsoft
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter told Reuters Wednesday. The investigation was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded such complaints last year as it examined the cloud computing market. The FTC has demanded a broad range of detailed information from Microsoft, Bloomberg reported earlier on Wednesday. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Reuters, NBC News, Republican, FTC, Amazon, Google, European Commission, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

☆ Stocks making the biggest moves premarket: Dell Technologies, MicroStrategy, Urban Outfitters and more
▼ + stars: | 2024-11-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Dell Technologies — Shares fell more than 12% after the PC maker said it sees fourth-quarter revenue and earnings below Wall Street expectations . HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Urban Outfitters — Shares popped nearly 12% after the retailer reported an earnings and revenue beat postmarket Tuesday. Ambarella expects revenue of between $76 million and $80 million for the period, above the $69 million that analysts surveyed by LSEG had expected.

Persons: StreetAccount, FactSet, Janesh Moorjani, — Stocks, CrowdStrike, LSEG, George Kurtz, Ambarella, Nutanix, —, Samantha Subin, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Dell Technologies, HP, Autodesk, Urban, postmarket, LSEG . Revenue

☆ VP Bank's Asia CIO explains why he's more optimistic on U.S. mid-caps
▼ + stars: | 2024-11-27 | 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 EmailVP Bank's Asia CIO explains why he's more optimistic on U.S. mid-capsThomas Rupf, Asia chief investment officer at VP Bank, discusses the outlook for the U.S. market and why mid-caps are the "sweeter spot."

Persons: Thomas Rupf Organizations: U.S, VP Bank Locations: Asia

☆ The Fed should not cut rates in December, says Bleakley's Peter Boockvar
▼ + stars: | 2024-11-27 | 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 EmailThe Fed should not cut rates in December, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Advisory Group CIO, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, state of the economy, rate path outlook, and more.

Persons: Bleakley's Peter Boockvar Peter Boockvar Organizations: Bleakley

☆ JPMorgan sees S&P 500 rising to 6,500 in 2025 thanks to AI and deregulation
▼ + stars: | 2024-11-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 will be propelled to new heights in the new year thanks to momentum in artificial intelligence, a resilient economy and the possibility of easier regulation on industries, according to JPMorgan. The labor market has also held up, with more than 100,000 jobs being added in all but one month this year. The S & P 500 is up 4.1% since the Nov. 5 vote. UBS said this week it sees the S & P 500 rising to 6,400 , while Goldman Sachs and Morgan Stanley expect an expansion to 6,500. His 4,200, the lowest in the CNBC Pro Market Strategist Survey , implies 30% downside from Tuesday's close.

Persons: Dubravko Lakos, Bujas, Donald Trump's, Toll, Goldman Sachs, Morgan Stanley Organizations: Nvidia, Federal Reserve, Microsoft, Exxon Mobil, Tesla, Toll Brothers, Citigroup, UBS, Deutsche Bank, CNBC Pro Market, Survey Locations: Tuesday's, U.S

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