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☆ A Gen Xer gave up gig work with Amazon to become a full-time bus driver. He's nearly doubled his hourly income and loves the benefits.
▼ + stars: | 2023-11-05 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

A former Amazon Flex driver said he's making thousands of dollars more as a bus driver in Seattle. He recently quit his gig job with Amazon Flex and started working with King County Metro full-time. While this is mainly concentrated among younger Americans, many Gen Xers and boomers have left the corporate world for more flexible gig work. Making the transition to bus drivingAt Amazon Flex, Timss said he was earning at least $1,000 each week. "Gig work really should be a stepping stone or get you by."

Persons: —, Jason Timss, Timss, Xers, he'd, I'd, He's, he's Organizations: Amazon, Service, Amazon Flex, King County Metro, Seattle, Bureau of Labor Statistics Locations: Seattle

☆ SpaceX finally says it's ready to launch Starship, again. The world's most powerful rocket could reach space for the first time in mid-November — if the FAA says yes.
▼ + stars: | 2023-11-04 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

SpaceX is gunning for a mid-November launch date of its massive Starship rocket. AdvertisementAdvertisementElon Musk 's company SpaceX announced on Friday it hopes to schedule a second test flight of its Starship Super Heavy rocket by mid-November. Musk's goal is to use the Starship's immense power, created by 33 engines able to generate about 500,000 pounds of thrust each, to reach the barren planet, Insider previously reported. Insider previously reported that the flame deflector was missing during the rocket's initial launch. Now, it's up to the FAA to complete the pending assessment of the Starship and issue the company's launch license.

Persons: gunning, —, Elon Musk Organizations: SpaceX, FAA, Service, Federal Aviation Administration, Fish, Independent

Many civil society leaders told CNBC the order does not go far enough to recognize and address real-world harms that stem from AI models — especially those affecting marginalized communities. "One of the thrusts of the executive order is definitely that 'AI can improve governmental administration, make our lives better and we don't want to stand in way of innovation,'" Venzke told CNBC. Mitchell wished she had seen "foresight" approaches highlighted in the executive order, such as disaggregated evaluation approaches, which can analyze a model as data is scaled up. Even experts who praised the executive order's scope believe the work will be incomplete without action from Congress. For example, it seeks to work within existing immigration law to make it easier to retain high-skilled AI workers in the U.S.

Persons: Kamala Harris applauds, Joe Biden, Maya Wiley, Biden, Kamala Harris, Cody Venzke, Venzke, Margaret Mitchell, Mitchell, Joy Buolamwini, Divyansh Kaushik, Kaushik Organizations: White, Conference, Civil, Human, CNBC, American Civil Liberties Union, ACLU, League, Federation of American Locations: Washington ,, Washington , DC, New York, U.S

☆ Here’s how Taylor Swift, consumer spending and this puzzling labor market fit together
▼ + stars: | 2023-10-31 | by ( Karen Firestone | ) www.cnbc.com time to read: +5 min

On several occasions, I would walk into Macy's and buy a tube of lipstick, which was something I found comforting. Considering that every lipstick I own, which is not a small number, is basically the same color, I also found that strange. For instance, rather than purchasing a new $400 dress, they might choose to buy a $35 tube of Lancôme lipstick. Let's look at the top-grossing concert tours in the U.S. this year. Taylor Swift, Beyoncé, and Ed Sheeran have collectively sold $1.48 billion in ticket sales through August 2023, or $2.22 billion on an annualized basis, according to estimates from Forbes .

Persons: Taylor Swift, Ed Sheeran, Elton John, Jessica Reif Ehrlich, Karen Firestone Organizations: Forbes, Bank of America, U.S . Census, National Association of Realtors, Asset Management Locations: Boston, U.S, Pollster

☆ Stock Market Today: Dow Rises 500 Points, Nasdaq Climbs 150 -- Live Updates
▼ + stars: | 2023-10-30 | by ( ) www.wsj.com time to read: +1 min

Stocks finished Monday higher, with the indexes trying to end a difficult month on a positive note. The S&P 500 and Nasdaq Composite both fell into corrections last week, meaning a drop of 10% from a recent peak. The S&P 500, the Dow and the Nasdaq Composite were all up more than 1%. The blue-chip Dow, up more than 500 points, logged its first 1% gain since August. Treasury yields rose.

Persons: Stocks, Bitcoin Organizations: Nasdaq, Treasury, Stocks, Dow, Microsoft, Amazon.com, ON Semiconductor, Nikkei Locations: U.S, Gaza

Here are three tips from my dad that helped me when I first bought my home:1. By not taking care of a necessary window replacement, I was paying a higher electric bill and inconveniencing myself every time I went downstairs wrapped in a blanket. Now you have a higher water bill (and maybe water damage). You will pay a higher electric bill until you get them replaced. My dad said, "There is no reason to buy the cheapest version and be right back here in two years.

Persons: —, overspend, Don't, homeownership Organizations: Service, Invest

☆ Rising yields and war: Here's how to trade the volatility, according to fund managers
▼ + stars: | 2023-10-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Market volatility looks here to stay: Yields are still rising, a war is raging, and it's uncertain whether interest rates will stay higher for longer. Go for bonds Though volatility in the bond market has led to losses, some fund managers are saying that it's time to get back into this asset class, given that yields are high. Money market funds typically include short-term Treasurys. Bond yields move inversely to prices — that means a peak in interest rates may signal that bond prices have bottomed. When interest rates rise, bond prices typically fall as existing bonds with lower yields become less attractive.

Persons: Investors, David Katz, Katz, Bryn Jones, there's, Jones, Hide, Paul Meeks, Meeks, Steven Glass, Glass, Marsh McLennan, he's, they're, — CNBC's Michael Bloom Organizations: Treasury, Bank of America, Matrix Asset, CNBC Pro, gilts, U.S . Federal, Treasury Bond ETF, Pella Funds, Group, ASM, Taiwan's Locations: Israel, United States, China, U.S, Pella, Germany, Netherlands

☆ These 6 global stocks are nearing the dreaded 'death cross' chart pattern
▼ + stars: | 2023-10-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Bearish signals, indicating potential selling pressure in the near future, have gripped a handful of global stocks that look close to forming what's known as a "death cross" chart pattern. A death cross is a price chart pattern that forms when a stock's 50-day moving average crosses below its 200-day moving average. The death cross is also used as a bear market predictor. Analysts are also generally bullish, with 11 out of 14 rating the stock as a buy. The median price target of all analysts compiled by FactSet points to a 47.5% upside for the stock.

Persons: Mitsumi, Thierry Pieton, FactSet Organizations: CNBC Pro, Magna International, Renault, Magna, U.S, RBC Capital, RBC, Scotiabank Locations: Belgian, French

☆ Our top 5 stocks of October so far as Wall Street rebounds from a September slump
▼ + stars: | 2023-10-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

After a rough September, October has so far been much more kind to stocks and has helped Wall Street cut into some of its third-quarter losses . FL mountain 2023-09-29 Foot Locker's stock performance so far in October. LLY mountain 2023-09-29 Eli Lilly's stock performance so far in October. PANW mountain 2023-09-29 Palo Alto's stock performance so far in October. HUM mountain 2023-09-29 Humana's stock performance so far in October.

Persons: Dow, Locker, Foot, Jim Cramer, Eli Lilly's, Eli Lilly, Jim Cramer's, Jim, Angela Weiss Organizations: Dow Jones, Nasdaq, Nike, Novo Nordisk, Palo Alto Networks, Nvidia, Johnson Controls, Palo Alto, Coterra Energy, Exxon Mobil, Club, Natural Resources, Humana, UnitedHealth, CNBC, New York Stock Exchange, Wall, AFP, Getty Locations: Alto, Israel, U.S, New York City

☆ Here are 3 things to watch in the stock market after a very difficult week
▼ + stars: | 2023-10-14 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +10 min

MS YTD mountain Morgan Stanley YTD We certainly hope Morgan Stanley's numbers are as good as Friday's report from our other bank holding Wells Fargo (WFC). Morgan Stanley is expected to grow revenue by more than 2% year over year to $13.2 billion in the third quarter. During a recent conference, Morgan Stanley executives said that capital markets will likely improve in 2024. Shares of Morgan Stanley have struggled this year, dropping more than 8% compared to the S & P 500's nearly 13% advance in 2023. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, WTI, Jerome Powell's, There's, Patrick Harker, John Williams, Harker, Austan Goolsbee, Lorie Logan, Powell, Christopher Waller, Philip Jefferson, Waller, Jefferson, – Morgan Stanley, Gamble –, Morgan Stanley YTD, Morgan, Jim Cramer, Morgan Stanley, there's, Gamble, Jim, we'll, Charles Schwab, Goldman Sachs, Johnson, Philip Morris, — CNBC's Zev Fima, Jim Cramer's, Spencer Platt Organizations: Nasdaq, Dow, Columbus Day, West Texas, Federal Reserve, Club, Fed, Market, Philadelphia Fed, New York Fed, Chicago Fed, Dallas Fed, United Auto Workers, General Motors, Chrysler, Ford, National Association of Realtors, Procter, Procter & Gamble, Natural Resources, Exxon Mobil, Coterra Energy, of America, United Airlines, Gamble, Housing, Netflix, Alcoa, American Airlines, Taiwan Semiconductor Manufacturing Company, Alaska Air, CSX, American Express, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Israel, U.S, New, Wells, KBW, Silicon, Manhattan, New York City

☆ Morningstar says the semiconductor sector is undervalued — and names 4 stocks to buy
▼ + stars: | 2023-10-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Semiconductors are looking undervalued, thanks to the selloff in some parts of the sector, according to Morningstar. That's even more undervalued than the wider tech sector, which it believes is 5% undervalued. Morningstar noted such stocks have sold off a little in September, especially in analog and mixed signal names — two types of chips in the semiconductor industry — and even in artificial intelligence chipmakers. Outside the AI sector, the firm also likes autos, expecting more chips to be used in cars, especially electric vehicles, in the years to come. That will enable the company to achieve high single-digit long term revenue growth, Morningstar said.

Persons: Morningstar, Brian Colello, Jack Keegan, it's Organizations: Nvidia, Infineon Technologies, NXP Semiconductors, Qualcomm, Morningstar, Skyworks Locations: Taiwan

☆ Forget the U.S: Pros say another top market looks cheap and offers the 'best' opportunities
▼ + stars: | 2023-10-09 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Attractive returns and the breadth of opportunities are among the many reasons the U.S. has long reigned supreme for investors. In terms of countries, Japan looks to offer the best combination of earnings growth, cheap valuations and policy support," Tom Stevenson, investment director at Fidelity International, told CNBC Pro. "Japanese shares are trading on around 15 times this year's expected earnings and 14 times earnings two years out," he said. "There has been some increase in this multiple during the recent rally in Japanese shares, but they remain relatively cheap compared to the U.S. which trades on around 20 times earnings." Among his choices is the Baillie Gifford Japanese Fund, which he describes as a "growth-focused fund run by an experienced manager."

Persons: Tom Stevenson, Daniel Hurley, Rowe Price, Stevenson, TRP's Hurley, Fidelity's Stevenson, Hurley, Baillie Gifford Organizations: Fidelity International, CNBC, CNBC Pro, Japan, Tokyo Exchange Group, Stock, Japan's, Bank of Japan, Sony, Astella Pharmaceuticals, Fund, Schroder Japan Trust, SoftBank, SBI Holdings, Hitachi, Nippon Gas, Toyota, Japan IMI Locations: Japan, U.S

The House narrowly voted to oust Kevin McCarthy on Tuesday, dooming the House speaker to a fate that seemed almost guaranteed since he took the gavel in January, with a group of rebels in his conference nipping at his heels. “The office of speaker of the House of the United States House of Representatives is hereby declared vacant,” the clerk announced as the vote concluded. A temporary speaker – Rep. Patrick McHenry of North Carolina – is expected to take over based upon a list of succession that McCarthy submitted in January, according to House rules . But in 2015, McCarthy’s speaker bid abruptly ended amid pushback from right-wing lawmakers who have long seen him as insufficiently conservative. I’m the 55th speaker of the House.”Without McCarthy at the helm, the House is expected to soon vote to elect another speaker.

Persons: Kevin McCarthy, McCarthy, Patrick McHenry of, Patrick McHenry of North Carolina –, McHenry, ”, McCarthy’s speakership, Washington ”, “, Andy Biggs, Ken Buck, Tom Burchett, Eli Crane, Matt Gaetz, Bob Good, Nancy Mace, Matt Rosendale, Gaetz, motioned, it’s, ” Gaetz, ” McCarthy, ” McCarthy’s, McCarthy’s, Hakeem Jeffries Organizations: United States House, Democrats, Washington, Bakersfield, Republicans – Rep, GOP, Republican, California Republican, Florida Republican, Democratic, House Republican Locations: Patrick McHenry of North Carolina, California, –

☆ Will weight loss drugs lead to less food consumption? Here's what Walmart is saying
▼ + stars: | 2023-09-27 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +5 min

While there has been a huge gain, it is barely scratching the surface of the potential market. Some potential patients don't have coverage of the pricey medicines through their health insurance plans yet. (For example, those seeking to use GLP-1 drugs for obesity can't receive coverage if they are insured by Medicare as the federal health plan is not allowed to cover weight loss drugs.) Walmart told Bank of America that fiscal second-quarter sales benefited roughly 1% from GLP-1 drug sales volumes. Its stock has fallen 45% year to date on fears that these drugs will shrink the company's market potential.

Persons: John Rainey, Eli Lilly's Mounjaro, Eli Lilly, Morgan Stanley, Wells, Larry Biegelsen, Biegelsen, Daniel Lyons, Janus Henderson, Lyons, — CNBC's Michael Bloom Organizations: Wall Street, Nordisk's Wegovy, Bank of, Walmart, Health, Novo Nordisk, Medicare, Drug, Bank of America, Janus, Janus Henderson Investors, CNBC Locations: U.S, GLP

☆ I quit my nearly 6-figure corporate job to work at Trader Joe's for $17 an hour. I'm still here 5 years later and happier than ever.
▼ + stars: | 2023-09-22 | by ( Jen Glantz | ) www.businessinsider.com time to read: +7 min

While Trader Joe's has a reputation for having friendly staff, we're not forced to be that way. AdvertisementAdvertisementOther perks include a discounted rate for insurance and 20% off anything we buy at Trader Joe's. At Trader Joe's, being who I am isn't something I ever have to think twice about. I took a big pay cut for this jobIn my last corporate job, I made almost six figures a year. AdvertisementAdvertisementI know it's cliché to say that I'm obsessed with Trader Joe's, but it's a good company.

Persons: Akeem Caballero, I've, We're, we're, Joe's, I'm, Geoffrey Owens Organizations: Service Locations: Wall, Silicon, Denver

☆ How knockoffs took over America
▼ + stars: | 2023-09-14 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +10 min

But these fake products have major financial and societal impacts that can lead to lost sales, jobs, and livelihoods. US Customs and Border Protection officers inspect boxes of counterfeit products at the Los Angeles/Long Beach Seaport complex. Edward Berthelot/GettyWhy sales of counterfeit goods have soaredE-commerce has been a breeding ground for knockoffs. AdvertisementAdvertisementAccording to the US Sentencing Commission , the maximum sentence for selling counterfeit goods is 10 years in prison. In 2020, Amazon established its Counterfeit Crimes Unit, which works with brands to identify and remove counterfeit products.

Persons: Daniel Shapiro's, Hugo Boss, counterfeiters, Spencer Platt, Getty, Shapiro, Jason Armond, Gabrielle Chanel, Michael Kors, Gucci, Chanel, Zers, Edward Berthelot, Superfakes, They've, Wang Zhao, I'm, counterfeits, It's Organizations: Service, Red, Puma, Fila, eBay, US Department of Homeland Security, International Chamber of Commerce, Frontier Economics, Customs, Border Protection, Los, United States Intellectual, United Nations Office, Drugs, UN, Seaport, Economic Cooperation, Development, US Chamber of Commerce, US Customs, Protection, US, Commission, Nike, Amazon Locations: Wall, Silicon, Manhattan, Los Angeles, Long, Beijing, Europe, China

☆ Microsoft's Employee Review System Is Still a Bit Like Stack Ranking, Sources Say
▼ + stars: | 2023-09-13 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +4 min

Some have compared the adjustment process to the controversial practice of "stack ranking," in which managers ranked employees on a forced curve. Some employees feel that the essence of stack ranking has returned with the company's instructions to managers on how to handle this year's employee reviews. This year, Microsoft managers scored employees on a scale from 0 to 200, as they've done previously. The ratings are "Lower Impact Than Expected (LITE)," "Slightly Lower Impact Than Expected (SLITE)," "Successful Impact," and "Exceptional Impact." "If the employee delivered slightly lower impact than expected, their rewards will align below the middle of the opportunity range."

Persons: Steve Ballmer, Satya Nadella, Kathleen Hogan, Hogan Organizations: Microsoft, Insider

☆ Apple falls 1.2% after unveiling new iPhone. Here's what the pros say to do next
▼ + stars: | 2023-09-13 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the latest reactions on Apple from investors and analysts. The pros, including Jim Cramer , discussed the smartphone maker one day after it unveiled the new iPhone 15, the latest Apple Watch and other products. Apple did not raise prices on its latest iPhone models in the U.S., but hiked them in China, Japan and India. China accounts for nearly 20% of total Apple sales . Morgan Stanley reiterated its investment opinion on Apple as overweight, while Wedbush raised its price target to $240 per share.

Persons: Jim Cramer, Morgan Stanley, Wedbush Organizations: Apple Watch, Apple, Trust Locations: U.S, China, Japan, India

☆ Nobody wants to leave Texas. It's fueling an economic boom.
▼ + stars: | 2023-09-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

The state's population growth has helped its economy thrive. Plenty of Americans have moved to Texas in recent years, but the state's population growth has also been driven by another factor — native-born residents aren't leaving. It's helping fuel an economic boom at a time when many businesses are struggling to attract workers . Texas has no state income tax , and major cities like Dallas and Austin provide residents plenty of places to pursue job opportunities. But the state's population trends should position it well in the long term.

Persons: Texans aren't, Jobs, John Burns Organizations: Texans, Service, Dallas Fed, Lone Star State, John Burns Research, Consulting, Federal Reserve Locations: Wall, Silicon, Texas, California, Plenty, North Carolina, Canada, Dallas, Austin, Houston, San Antonio, Fort Worth

☆ Under Microsoft's new employee performance ratings, exceeding expectations can still land staff below 'exceptional,' document shows
▼ + stars: | 2023-09-11 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Under Microsoft's new performance ratings, employees can exceed some expectations and still fall below an "exceptional" rating, internal documents viewed by Insider show. In a rubric explaining the new ratings, "successful impact" is defined as when an employee consistently delivered against all expectations, likely exceeding some expectations as well. This results in having high performance expectations for our employees." Successful impact is different than exceptional impact because the latter means "demonstrating sustained, meaningfully higher impact relative to all core priorities," the document states. A Microsoft spokesperson said "successful" is still a high rating, and Microsoft has always had high performance expectations.

Persons: Kathleen Hogan, Hogan Organizations: Microsoft

☆ Stocks will try to keep momentum, but September seasonality and other headwinds await
▼ + stars: | 2023-09-01 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Stocks are looking to maintain momentum in the holiday-shortened week ahead even as Wall Street contends with a seasonally weak period for markets ahead of the Federal Reserve's September rate decision. Some technical indicators have investors hopeful the bullish momentum could continue in the week ahead. For example, the major indexes broke above their respective 50-day moving averages this past week — a sign of improving short-term momentum. Central bank policymakers convene for a two-day meeting starting Sept. 19 and announce their interest rate decision Sept. 20. Week ahead calendar All times are ET.

Persons: Sam Stovall, We've, Ryan Detrick, Quincy Krosby, CFRA, —, HSBC's Max Kettner, Savita Subramanian, John Luke Tyner, Carson Group's Detrick, Detrick, FactSet, Kroger Organizations: Dow Jones Industrial, Nasdaq, Wall, Dow, Carson Group, Fed, LPL, Bank of America, Aptus Capital Advisors, Labor, PMI, PMI Services, Consumer Credit Locations: U.S, CFRA, China

☆ September is the cruelest month for stocks. Pros share their trading tips — and what to buy
▼ + stars: | 2023-09-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

The pros share their expectations and tips for how investors can trade in the month ahead. The volatility isn't over The "potential bite" of aggressive Fed policy could lead to more volatility, said Richard Saperstein, chief investment officer at investment firm Treasury Partners, in a Tuesday note. Avoid tech — but not completely Avoid mega-cap tech stocks such as the "Magnificent Seven" now, the pros said, referring to Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — tech stocks that have made massive gains this year. "Big tech stocks have run and valuations are richer than they have been. Dave Sekera, chief U.S. market strategist at Morningstar, said on Thursday that not all tech stocks are overvalued.

Persons: Richard Saperstein, Ben Kirby, CNBC's, Carol Schleif, George Ball, Sanders Morris Harris, Schleif, Ball, it's, Dave Sekera, Kirby, Thornburg, Morgan Stanley, Andrew Slimmon Organizations: U.S . Federal Reserve, Treasury Partners, Thornburg Investment Management, BMO Family Office, Apple, Microsoft, Nvidia, Tesla, Big Tech, Morningstar, Autodesk, Software, Teladoc, CNBC, CME, Hyatt Hotels, Hotels, Resorts, Hilton Hotels, Morgan, Morgan Stanley Investment, United Rentals Locations: U.S, China, Argentine

☆ These are the top 5 performing Club stocks from mid-July to our August Monthly Meeting
▼ + stars: | 2023-08-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Humana Humana (HUM) is up 16.36% since the July meeting, the Club's second-best performing name over the roughly five-week period. Jim said during the August Monthly Meeting on Thursday that he's not as enamored with this stock recently. HUM mountain 2023-08-16 Humana (HUM) performance 3. PXD mountain 2023-08-16 Pioneer Natural Resources (PXD) performance 4. GOOGL mountain 2023-08-16 Alphabet Inc. Class A (GOOGL) performance (Jim Cramer's Charitable Trust is long LLY, HUM, PXD, CAT, GOOGL.

Persons: That's, Thursday's, Eli Lilly Eli Lilly, Eli Lilly, Lilly's, Jim Cramer, LLY, Jim, he's, PXD, GOOGL, Jim Cramer's, 30,2022 . Virginia Sherwood Organizations: CNBC, Wall Street, Company, Natural Resources, Club, Caterpillar, CAT, Big Tech, Inc, NYSE, 30,2022 . Locations: 30,2022, 30,2022 . Virginia

☆ Bitcoin falls to lowest level in nearly two months after Fed minutes dial up inflation concerns
▼ + stars: | 2023-08-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021. The central bank minutes from the July meeting cautioned that Fed officials see "upside risks" to inflation that could potentially lead to more rate hikes. At that meeting, Fed raised its benchmark interest rate to the highest in more than 22 years . The eventual debut of a spot bitcoin ETF, one of crypto's biggest positive catalysts, also lost some steam this week, he added. Several of the top crypto assets by market cap – including Binance's BNB coin , Ripple's XRP and the Solana and Polygon coins – were lower by more than 3% Thursday.

Persons: Fed, Bitcoin, Sylvia Jablonski, Needham's John Todaro, Ripple's XRP Organizations: Treasury, Metrics, Fed, CNBC, SEC, Solana Locations: U.S, Defiance, –

☆ As weight loss drug stocks rallied on a landmark study, these stocks were over sold, analysts say
▼ + stars: | 2023-08-11 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +8 min

However, the pharmaceutical companies are making the case that weight loss can improve health, and possibly lower health-care costs over time. But analysts have said the news isn't all bad for such stocks, and many were fell too low on Tuesday. Deutsche Bank analyst Imron Zafar estimated Thursday that bariatric surgery accounts for about 5% of Intuitive Surgical's U.S. robotic surgery business, but has been driving much of the company's growth. Some of the surgeons Zafar spoke with said any drop off in bariatric surgery was likely to be offset by increased use of the robot for other procedures. But they expect the drugs will remain necessary because GLP-1 drugs have yet to show they improve fibrosis, which is associated with NASH.

Persons: nonalcoholic steatohepatitis, NASH, Abbott, Robbie Marcus, Marcus, Marcus doesn't, Goldman Sachs, Goldman, Stryker, Smith, Zimmer Biomet, Bariatric, Imron Zafar, Zafar Organizations: Novo Nordisk, Abbott Laboratories, CNBC, JPMorgan, Companies, Inspire Medical Systems, Resmed, Philips, Nephew, Deutsche Bank, Madrigal Pharmaceuticals, Sagimet Biosciences, Akero Therapeutics, Terns Pharmaceuticals, Viking Therapeutics, Madrigal Locations: U.S

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