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☆ Too hot for K-pop as South Korea scrambles to save scout jamboree
▼ + stars: | 2023-08-06 | by ( Jack Kim | ) www.reuters.com time to read: +2 min

A British participant who left a camping site of the 25th World Scout Jamboree arrives at a hotel in Seoul, South Korea, August 5, 2023. REUTERS/Kim Hong-JiSEOUL, Aug 6 (Reuters) - A K-pop music concert scheduled for Sunday at a World Scout Jamboree in South Korea was postponed due to heat safety concerns as the host pressed on with the meet despite extreme temperatures that led three national contingents to pull out. Minister of Interior and Safety Lee Sang-min said the jamboree organisers "accepted the concerns over safety-related incidents" if the show was held on Sunday night. Temperatures at the jamboree site have hovered above 33 Celsius (91.4F). But the jamboree host and the government of South Korea said they had consulted with participating scouting contingents and decided the jamboree should continue.

Persons: Kim Hong, Ji, Lee Sang, Lee, Jacob Murray, Jack Kim, Tom Hogue Organizations: REUTERS, of Interior, World Organization of, Scout Movement, Thomson Locations: Seoul, South Korea, Ji SEOUL, American, Singapore

☆ Why China has few good options to boost its faltering economy
▼ + stars: | 2023-08-06 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Fiscal stimulus, for instance, amounted to just a third of the aid offered in the United States, with no nationwide cash handouts. “A comprehensive policy mix — covering monetary and fiscal stimulus, including infrastructure, property, and consumption, alongside structural reforms,” would be helpful to rebuild confidence, they said. It was seen as a success and helped boost Beijing’s domestic and international political standing as well as China’s economic growth, which soared to more than 9% in the second half of 2009. China’s debt woes have only deepened during the Covid-19 pandemic, when three years of draconian restrictions and a real estate downturn drained the coffers of local government. “An infrastructure-led fiscal stimulus would need to be much bigger to have the same economic impact,” she said.

Persons: they’ve, ”, Robert Carnell, Craig Singleton, Alicia Garcia, Herrero, China “, wouldn’t, Zhu Min, Garcia, Xi Jinping, Derek Scissors, Singleton, “ Organizations: Hong Kong CNN, CNN, ING Group, Foundation for Defense of Democracies, Manufacturers, Asia Pacific, UBS Global Wealth Management, International Monetary Fund, Bloomberg, American Enterprise Institute Locations: Hong Kong, China, Asia, Pacific, Washington, “, Beijing, United States, China’s, Tianjin

☆ Inflation takes center stage in the week ahead as Wall Street looks for more clues on Fed rate hikes
▼ + stars: | 2023-08-04 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

New inflation data set for release in the week ahead could help Wall Street regain its footing. However, he does not expect that the inflation data releasing next week will be very threatening, even if they show a slight rise from the prior reading. A smattering of results will roll out in the week ahead including from major firms like the Walt Disney Company, which reports Wednesday. Other economic data Investors will digest other major economic data in the week ahead. Hourly earnings (July) Earnings: RL Friday, Aug. 11 8:30 a.m. PPI (July) 10 a.m. Michigan Sentiment preliminary (August)

Persons: it's, Jack Ablin, Ablin, McCormick, Archer, CFRA'S Sam Stovall, FactSet, Stovall, Greg Bassuk, Bassuk, Tyson, Eli Lilly, Fox Organizations: Federal, PPI, Cresset, Nasdaq, Dow Jones, Fed, Daniels, Midland, Chevron, Investments, Walt Disney Company, Wynn Resorts, Dow, Consumer Credit, Tyson Foods, Paramount, Parcel Service, CPI Locations: U.S, Michigan

☆ Black unemployment rate ticks lower in July as jobs market remains tight
▼ + stars: | 2023-08-04 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Mario Tama | Getty ImagesThe unemployment rate for Black workers fell slightly in July as the broader labor market remains tight. Black workers' jobless rate fell to 5.8%, according to the Labor Department on Friday. Broken down by gender, Black men's unemployment rate fell to 5.3% in July from 5.9% in June. In July, the U.S. unemployment rate was little changed at 3.5%, which is just above the lowest level since late 1969. Meanwhile, Asian workers' unemployment rate fell to 2.3% in July, a 0.9 percentage point drop from 3.2% in June.

Persons: Mario Tama, That's, It's, Black, Valerie Wilson, Wilson Organizations: Port, Getty, Labor Department, Federal Reserve Locations: Port of Los Angeles, San Pedro, Los Angeles , California, U.S

☆ Stocks making the biggest moves premarket: Block, Tupperware, Nikola and more
▼ + stars: | 2023-08-04 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images)Check out the companies making headlines before the bell Friday. The company reported earnings per share for the fiscal third quarter came at $1.26, above the $1.19 expected by analysts polled by Refinitiv. Block — Shares of the payments tech company slid more than 5% in premarket trading even after the firm reported second-quarter earnings and revenue above expectations. The company formerly known as Square reported earnings of 39 cents per share, beating expectations by 3 cents, according to Refinitiv. Amazon reported earnings of 65 cents a share, ahead of the 35 cents expected by analysts, per Refinitiv.

Persons: JEAN, FRANCOIS MONIER, Refinitiv, Nikola —, Nikola, Fortinet, DraftKings, Yun Li, Sarah Min Organizations: Tupperware Brands, AFP, Getty, Apple —, Refinitiv, Revenue, Holdings, Opendoor, Opendoor Technologies, StreetAccount Locations: Joue, France, AFP, Refinitiv, U.S, Canada

The BPLA's growth owes much to Maung Saungkha's skills in building bridges with other armed groups, according to a key ally and two analysts. It says armed groups that oppose it are "terrorists" who sow chaos and kill civilians. It has charged Maung Saungkha with sedition as it has done with most opponents of its rule. Some armed ethnic groups have long relied on drug trafficking for funds, according to the United Nations Office on Drugs and Crime. Some soldiers have run away, homesick, bored and tired after two years of war, said Maung Saungkha, who declined to disclose how many members are in his group.

Persons: Maung Saungkha, Bamar, Maung, Aunt Min, Richard Horsey, Nicola Williams, General Nyo Tun Aung, Tun Aung, We've, Shoon Naing, Poppy McPherson, Edwina Gibbs Organizations: Liberation Army, REUTERS, Poet, People's Defense Forces, National Unity Government, Strategy, AK, Karen National Union, Arakan Army, Myanmar Resistance, Myanmar Research, United Nations Office, Drugs, Reuters, UN, Thomson Locations: Myanmar, country's, Thailand, Myanmar's, Bamar, China, Russia

☆ Stocks making the biggest moves midday: Southwest Airlines, Qualcomm, Roku, Clorox and more
▼ + stars: | 2023-08-03 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Qualcomm posted adjusted revenue of $8.44 billion, falling short of analysts' estimates of $8.5 billion, per Refinitiv. DoorDash also reported revenue of $2.13 billion in the second quarter, beating analysts' estimate of $2.06 billion, per Refinitiv. On Wednesday, the company reported earnings of 25 cents a share for the second quarter, while analysts forecast a loss of 13 cents a share, per Refinitiv. Expedia posted $3.36 billion in revenue, falling short of the $3.37 billion analysts expected, according to Refinitiv. The engine manufacturer reported earnings of $5.18 per share, excluding items, and $8.64 billion in revenue.

Persons: Jefferies, Etsy, DoorDash, Traeger, FactSet, Shopify, EVgo, Expedia, Cummins —, Cummins, —, Alex Harring, Yun Li, Michelle Fox, Hakyung Kim, Sarah Min, Pia Singh Organizations: Southwest Airlines, U.S . Federal Aviation Authority, Chicago Midway International, Citi, Simon Property, Simon Property Group, Qualcomm, PayPal —, PayPal, Refinitiv, Revenue Locations: Chicago, Refinitiv

☆ Stocks making the biggest moves after hours: Apple, Amazon, Airbnb, Coinbase and more
▼ + stars: | 2023-08-03 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Amazon reported earnings of 65 cents a share, ahead of the 35 cents expected by analysts, per Refinitiv. Airbnb — Shares slid 1% after the company reported its second-quarter earnings. Dropbox — The online collaboration platform advanced 3% on the back of strong second-quarter earnings. Square — Shares of the payments tech company dipped more than 4% in after-hours trading even after the firm reported second-quarter earnings and revenue above expectations. Square reported earnings of 39 cents per share, versus analysts' 36 cents estimate per Refinitiv.

Persons: Refinitiv, Fortinet, DraftKings, Airbnb, Coinbase, Dropbox, — Redfin, Redfin, Darla Mercado, Hakyung Kim, Sarah Min, Samantha Subin, Yun Li Organizations: Apple, Refinitiv, Revenue, Holdings, Booking Holdings, Analysts, Tagger Media

☆ Stocks making the biggest moves premarket: Qualcomm, Moderna, PayPal and more
▼ + stars: | 2023-08-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

PayPal — Shares declined more than 8% after the company posted earnings that were in line with analysts' predictions Wednesday post market. Revenue came in higher than anticipated, with PayPal posting $7.29 billion, versus analysts' estimates of $7.27 billion. Clorox — The household good manufacturer's shares jumped nearly 7% after posting an earnings and revenue beat in the second quarter. Qorvo — The stock rallied 6.8% after the company beat analyst expectations on top and bottom lines in the second quarter. Unity Software — The software company surged about 5% after Unity exceeded analysts' estimates for revenue in the second quarter.

Persons: Jefferies, Albemarle, Roku, Clorox, Qorvo, FactSet, —, Alex Harring, Sarah Min, Jesse Pound Organizations: Qualcomm, Refinitiv, Deutsche Bank, JPMorgan, UBS, Moderna, Southwest Airlines —, PayPal —, Refinitiv . Revenue, PayPal, Citi, Management, Apple, Unity Software, Technology, BMO Capital Markets

☆ Safety concerns mount for scout gathering amid South Korea heatwave
▼ + stars: | 2023-08-03 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +1 min

[1/4] Participants for the 25th World Scout Jamboree gather at a water supply zone of a camping site in Buan, South Korea, August 1, 2023. The 25th World Scout Jamboree kicked off on Tuesday as authorities issued the highest-level warning for extreme temperatures for the first time in four years. Interior and Safety Minister Lee Sang-min has ordered more ambulances, shuttle buses and air conditioners to remain on standby to ensure the safety of the scouts, his office said. About 43,000 scouts from around the world are expected to take part in the jamboree, scheduled to run to Aug. 12. The organising committee for the global scout jamboree was not immediately available for comment.

Persons: Lee Sang, Yoon Suk Yeol, Bear Grylls, Soo, hyang Choi, Miral Organizations: Yonhap, REUTERS, Fire Service, Safety, Thomson Locations: Buan, South Korea, REUTERS SEOUL, British

☆ 'A short-term glitch:' Wall Street pros shrug off the effect of Fitch's downgrade on markets
▼ + stars: | 2023-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The Dow Jones Industrial Average fell more than 200 points Wednesday after the downgrade as traders weighed the move. US10Y 1Y mountain 10-year yield 1-year However, Wall Street strategists mostly took the downgrade in stride. The S & P 500's 17% rally this year and the Nasdaq Composite's 33% advance had some traders worrying that equities have surged "too far, too fast." Stovall's S & P 500 year-end target is at 4,575 . Goldman Sachs' Jan Hatzius said Tuesday the downgrade will have "little direct impact" on financial markets.

Persons: Fitch, Janet Yellen, Sam Stovall, Stovall's, Wells Fargo's Christopher Harvey, Goldman Sachs, Jan Hatzius, Steven Zeng, Management's Yung, Yu Ma, Ma, CFRA's Stovall, Deutsche Bank's Zeng, Michael Bloom Organizations: U.S ., Fitch, AAA, Dow Jones, Treasury, Street, Nasdaq, Deutsche, BMO Locations: Washington, U.S, Tuesday's

☆ This international stock picker beats the market long term by mastering downside risk
▼ + stars: | 2023-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Now the manager of the Goldman Sachs' International Equity Income Fund (GSTKX) , as a young man Deladerriere was surrounded by farmers and government employees, not investors. Deladerriere sought out companies with good business fundamentals, saying many of the firms he invested in back then have survived and are "actually thriving." One was French energy technology provider Schneider Electric, still a holding in his Goldman fund. He landed a research internship at Goldman Sachs Asset Management, and is now a partner and head of international developed markets equity. Good times and bad In 2012, Deladerriere started managing Goldman International Equity Income, a $1.1 billion fund with a five-star rating from Morningstar.

Persons: Alexis Deladerriere, Goldman Sachs, Deladerriere, Goldman, that's, Morningstar Organizations: International Equity Income, Schneider Electric, Ecole Superieure de Commerce de Paris, Goldman Sachs Asset Management, Goldman International Equity, Morningstar, Vinci, Schneider, Stock, Zurich Insurance Group, Singapore Locations: France, French, Europe, Australasia, London, New York, U.S, Swiss

☆ Myanmar junta reportedly pardons ex-leader Aung San Suu Kyi on five offenses
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: +2 min

Myanmar migrant workers hold a portrait of Aung San Suu Kyi during the march to mark International Labor Day in Bangkok, calling for the workers rights and protesting against the Myanmar military government on May 1, 2023. An informed source said both Suu Kyi and Win Myint would remain in detention. "She won't be free from house arrest," said the source who declined to be identified due to the sensitivity of the issue. Suu Kyi, the daughter of Myanmar's independence hero, was first put under house arrest in 1989 after huge protests against decades of military rule. In 1991, she won the Nobel Peace Prize for campaigning for democracy but was only fully released from house arrest in 2010.

Persons: Aung, Suu Kyi, Myanmar's, Aung San Suu Kyi, Zaw Min Tun, Win Myint, Win, Suu Kyi's Organizations: International Labor, Myanmar, Eleven Media, Administration Locations: Myanmar, Suu, Bangkok, Naypyitaw

☆ Stock futures fall after Fitch downgrades U.S. rating, earnings season continues: Live updates
▼ + stars: | 2023-08-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Dow Jones Industrial Average futures slid by 75 points, or 0.2%. S&P 500 and Nasdaq-100 futures dipped 0.3% and 0.4%, respectively. Of the S&P 500 companies that have reported, about 82% have posted positive surprises, according to FactSet data. Brands and Humana are set to report earnings before the open Wednesday. Economists polled by Dow Jones expect a 175,000 increase, which would be lower than the 497,000 rise in the prior month.

Persons: Fitch, Adam Parker, CNBC's, Parker, Dow Jones, —, Darla Mercado Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Fitch, AAA, SolarEdge Technologies, Dow Jones, Dow, CVS, Brands, Humana, Traders Locations: New York City . U.S

☆ Stocks making the biggest moves after hours: SolarEdge Technologies, Advanced Micro Devices, Starbucks and more
▼ + stars: | 2023-08-01 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

SolarEdge missed revenue expectations in its second quarter, posting $991 million compared to the expected $992 million from analysts polled by Refinitiv. Advanced Micro Devices — The chip stock jumped nearly 4% after Advanced Micro Devices reported better-than-expected quarterly results. Analysts polled by Refinitiv expected per-share earnings of 57 cents on revenue of $5.31 billion. The coffee chain reported fiscal third-quarter revenue of $9.17 billion, lower than the $9.29 billion estimated by analysts polled by Refinitiv. Devon Energy posted revenues of $3.45 billion, lower than the estimated $3.74 billion from analysts polled by Refinitiv.

Persons: SolarEdge, Refinitiv, — Pinterest, —, Samantha Subin Organizations: Technologies, Refinitiv, Devices, AMD, Starbucks, Virgin Galactic, Group, Devon Energy, Devon, Frontier Group Holdings, Electronic Arts, Caesars Entertainment

☆ These are JPMorgan's favorite stocks for August
▼ + stars: | 2023-08-01 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

JPMorgan Chase's favorite stocks list heading into August include two new picks — both of which are auto retail companies. The focus list is a compilation of the firm's best ideas across three investment strategies: growth, value and short ideas. CarGurus was named to the list as a growth idea. However, he said the company's stock price has recently "narrowed the gap" with premium competitors. The analyst's $121 price target is 17% above where shares closed Monday.

Persons: CarGurus, Raj Gupta, Gupta, Carvana, Jeremy Tonet, Tonet, It's Organizations: JPMorgan, CMS Energy, Caterpillar, HP Locations: Entergy

☆ Stocks making the biggest moves premarket: Uber, Gap, Caterpillar & more
▼ + stars: | 2023-08-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Gap — The retail stock climbed nearly 4% after Barclays upgraded Gap to overweight from equal weight. Incyte — Shares rose 2% after Incyte beat analysts' expectations in its latest results. The pharmaceutical company reported second-quarter revenue of $954.6 million, exceeding the FactSet consensus estimate of $909.7 million. ZoomInfo Technologies — Shares sank by nearly 20% in premarket trading after the data company reported a weak outlook for third-quarter revenue. Arista Networks — Shares advanced 13.6% in premarket trading after the company reported after the bell Monday that its quarterly earnings topped analysts' expectations.

Persons: Michael Perito, Perito, Estee Lauder, Adrienne Yih, Incyte, Herve Hoppenot, Dara Khosrowshahi, Merck, Monday's, Macheel, Alex Harring, Yun Li, Sarah Min, Michelle Fox Theobald Organizations: SoFi Technologies, Barclays, Body, Caterpillar —, Caterpillar, Merck —, Pfizer, Toyota, Refinitiv, Arista Networks —, Arista, Revenue Locations: China, Monday's, Jakafi, Refinitiv

☆ Stocks making the biggest moves midday: Coinbase, SoFi, DoorDash and more
▼ + stars: | 2023-08-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

DoorDash — Shares tumbled about 4% ahead of the company's quarterly earnings announcement Wednesday after the bell. Despite reporting better-than-expected earnings and revenue in the second quarter, its third-quarter revenue guidance was lower than analysts were expecting. Leidos Holdings — The defense solutions company's shares rallied 6.7% after its second-quarter results topped analyst estimates. Eaton Corporation — The power management company's shares increased 5.6% after beating analyst expectations on both earnings and revenue in the second quarter. Meanwhile, analysts had estimated $2.59 earnings per share on $2.19 billion in revenue, according to FactSet.

Persons: Refinitiv, ResMed, Adrienne Yih, Leidos, FactSet, — CNBC's Alexander Harring, Yun Li, Pia Singh, Tanaya Macheel, Michelle Fox, Sarah Min Organizations: Toyota, Securities, SEC, RBC, Barclays, JetBlue Airways –, American Airlines, Technologies, Cruise Line Holdings, Norwegian Cruise Line, Rockwell Automation, Systems, Molson Coors Beverage —, StreetAccount, Leidos Holdings, Eaton Corporation, Global Payments Locations: San Diego , U.S, Manhattan, Monday's, FactSet

CNN —Myanmar’s ruling military junta has pardoned Aung San Suu Kyi on five charges for which she was previously convicted, reducing the lengthy sentence of the deposed, democratically elected leader by 12 years. As of Tuesday, Suu Kyi still faces sentences for 14 other offenses of which she was convicted, the source said. The announcement comes as Myanmar’s Supreme Court is set to hear appeals by Suu Kyi against multiple convictions over the next two weeks. The United Nations Security Council last year called on the junta to release all political prisoners, including Suu Kyi and former President Win Myint. Suu Kyi, a democratically elected leader and symbol of opposition to decades of military rule, led Myanmar for five years before being forced from power in the 2021 coup.

Persons: CNN —, Aung, Suu Kyi, Aung Lin Dwe, Suu, Min Aung Hlaing, Win Myint Organizations: CNN, United Nations Security Locations: Suu, Myanmar

☆ Myanmar junta officially postpones election promised after 2021 coup - state TV
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +1 min

CHIANG MAI, Thailand, July 31 (Reuters) - Myanmar's ruling junta has officially postponed an election promised by August this year after its 2021 coup, state television reported on Monday night. Junta leader General Min Aung Hlaing, in a meeting on Monday with the army-backed National Defence and Security Council (NDSC), extended a state of emergency by six more months. The military seized power after complaining of fraud in a November 2020 general election won by Suu Kyi's party. The overthrow of Suu Kyi's elected government derailed a decade of reform, international engagement and economic growth, while leaving a trail of upended lives in its wake. Reporting by Myanmar staff; Editing by Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Persons: CHIANG, General Min Aung, Nobel, Aung, Suu Kyi, Suu Kyi's, Nick Macfie Organizations: CHIANG MAI, Junta, National Defence, Security, Myanmar, Thomson Locations: Thailand, Suu, Myanmar

☆ Stocks are struggling even after earnings beats this season, Deutsche Bank says
▼ + stars: | 2023-07-31 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

However, individual stocks are struggling to perform following a quarterly beat, an "unusual" move, according to Deutsche Bank's Binky Chadha. "The market rally so far is running ahead of that in a typical earnings season at this stage," Chadha wrote Friday. Meanwhile, the S & P 500 is higher by roughly 1.6% at the midway point of earnings season, which is above the 1.1% advance typically made through this time, the strategist said. Stocks are usually higher by 2% on average by the end of the full earnings season. He said, "On the day after releasing results, stocks beating consensus expectations underperformed by a greater amount than almost any time during the past 18 years."

Persons: Chadha, Stocks, Goldman Sachs, David Kostin, Michael Bloom Organizations: Deutsche, Companies

☆ Tech investor Paul Meeks says Apple is getting 'really expensive' and needs to 'get aggressive' on A.I.
▼ + stars: | 2023-07-31 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Apple will need to "get aggressive" communicating its artificial intelligence strategy to justify its valuation, tech investor Paul Meeks said. "At some point, they're going to have to join the rest of the FAANGs and be much more aggressive about articulating their AI strategy." During May's Apple earnings call CEO Tim Cook mentioned AI just twice, in part because the company generates the bulk of its sales from iPhones. "I think what they'll do is they'll talk about the efficiencies internally that AI brings," Meeks said. If they don't do it soon, they'll have an upcoming analyst meeting and I bet that will be a focus."

Persons: Paul Meeks, Meeks, CNBC's, Tim Cook, Kif Leswing Organizations: Apple, Independent Solutions Wealth Management, Microsoft, CNBC, iPhones, Web Services

☆ Stocks making the biggest moves premarket: Hasbro, Adobe, GoodRx, SBA Communications and more
▼ + stars: | 2023-07-31 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Chevron — Shares rose 1.6% after Goldman Sachs upgraded Chevron to buy from neutral and hiked its price target. Hasbro — The toymaker added 2.9efore the bell after Bank of America upgraded the stock to buy from neutral. United Parcel Service — Shares fell 1% after Credit Suisse downgraded UPS to neutral from outperform, citing labor concerns. Cowen also raised its price target to reflect about 78% potential upside. SBA Communications — Shares fell 1.6% in premarket trading.

Persons: Morgan Stanley, Goldman Sachs, Jefferies, Walt Disney, Bob Iger, Kevin Mayer, Tom Staggs, XPeng, GoodRX, Cowen, It's, —, Alex Harring, Hakyung Kim, Tanaya Macheel, Samantha Subin Organizations: Chevron, Ford, Disney, Financial, UBS, Hasbro, Bank of America, United Parcel Service, Credit Suisse, CVS, SBA Communications, Semiconductor, FactSet Locations: U.S

☆ Stocks making the biggest moves midday: SoFi, ON Semiconductor, Disney, Sweetgreen and more
▼ + stars: | 2023-07-31 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

SoFi Technologies – Shares of the fintech company popped more than 18% after it reported second-quarter results and lifted its full-year guidance. ON Semiconductor — The chipmaker's shares jumped 3.2% after it posted an earnings and revenue beat for the second quarter. New Relic — Shares jumped 13.4% after a private equity consortium announced it would take the software company private. Sweetgreen — The salad chain's shares jumped 11% Monday after an upgrade from Piper Sandler. Adobe — The software stock jumped 3.9% after Morgan Stanley upgraded the shares to overweight from equal weight.

Persons: FactSet, Disney, Kevin Mayer, Tom Staggs, Bob Iger, Spero, Sweetgreen, Piper Sandler, XPeng, Cowen, Morgan Stanley, Morgan Stanley's, Goldman Sachs, Wayfair, Salesforce's, — CNBC's Hakyung Kim, Yun Li, Sarah Min, Tanaya Macheel, Samantha Subin Organizations: SoFi Technologies, Disney, Financial Times, Food and Drug Administration, UBS, Hasbro, of, Bank of America, CVS, Adobe, Chevron, New York Community Bancorp, Deutsche Bank, CSX, RBC Locations: Bob Iger .

☆ CNBC Daily Open: More signs the Fed might stop hikes
▼ + stars: | 2023-07-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stripping out food and energy prices, core PCE was 4.1%, the lowest annual increase since September 2021, and rose 0.2% from May. Meanwhile, Germany's gross domestic product stagnated in the second quarter, according to flash estimates, but France's GDP grew by 0.5%, easily beating the expected 0.1%. CNBC Pro's Sarah Min breaks down what analysts are expecting from those data points releasing this week.

Persons: Sarah Min Organizations: CNBC, Federal Reserve, Google, of Japan, Apple, Amazon, Dow Jones Industrial, Big Tech

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