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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs gains 1% as CEO addresses investor concerns. Here's what the pros sayJim Cramer, Mike Mayo of Wells Fargo, Steve Weiss of Short Hills Capital and Jason Snipe of Odyssey Capital Partners discussed Goldman Sachs after CEO David Solomon talked with CNBC Friday morning about recent negative reports on his management style and workplace culture.
Persons: Goldman Sachs, Jim Cramer, Mike Mayo, Steve Weiss, Jason Snipe, David Solomon Organizations: Short Hills Capital, Odyssey Capital Partners, CNBC Locations: Wells Fargo
CNBC Daily Open: Input prices are going up
  + stars: | 2023-09-07 | 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. Stocks sold offU.S. stocks experienced a sell-off and all major indexes closed in the red. China's trade isn't picking upChina's trade activity fell again in August, though not as badly as feared. In U.S. dollar terms, exports fell by 8.8% from a year ago, compared with the 9.2% forecast.
Persons: Stocks, Australia's, Bob Iger, Bob Chapek, Alex Sherman Organizations: CNBC, Treasury, Nikkei, Apple, U.S . Securities, Exchange Commission, Disney, Apple China, European Commission Locations: U.S, Asia, Pacific
Leading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Fees no monthly service fee Annual Percentage Yield (APY) 5.26% Minimum Deposit Amount $1 Pros Check mark icon A check mark. Leading CD RatesMany of the best CD rates right now are offered by credit unions rather than banks. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.
Persons: Banks, you'd, , Cash, we've Organizations: FDIC, CIT Bank, Savings, First, Citizens Bank & Trust Company, Federal Deposit Insurance Corporation, Bank & Trust Company, Bank, Barclays, Barclays Bank, Apple, American Express, Western Alliance Bank, Mint Western Alliance Bank, Start, Cash, Products, Technology Credit, Pelican State Credit Union, Federal Credit Union, of Commerce Federal Credit Union Locations: Axos,
Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). The World of Hyatt Business Credit Card is offering a new, higher welcome bonus. World of Hyatt Business Credit Card Apply now lock icon An icon in the shape of lock. World of Hyatt Business Card review External link Arrow An arrow icon, indicating this redirects the user." You can read all the details in our World of Hyatt Business Credit Card review.
Persons: Hyatt, it's, I've, you'll Organizations: Hyatt Business, Service, Hyatt, Card, FDIC, Manchester Grand Hyatt San, Hyatt Paris Locations: Wall, Silicon, Hyatt, Manchester Grand Hyatt San Diego, Dublin
Capital One has revealed its newest airport lounge, an 8,500-square-foot outpost at Washington-Dulles International Airport (IAD). Read Insider's guide to the best credit cards with free airport lounge access. The Capital One Lounge at Dulles (IAD) is the issuer's highly anticipated second location, expanding the issuer's reach to the Washington D.C. metropolitan area. It's the first credit card-affiliated lounge at Dulles, and the space will likely prove popular for travelers departing from the airport. Premium perks including airport lounge access and statement creditsCheck mark icon A check mark.
Persons: Eero Saarinen, Dulles, H, Will Patton, Chris Dong, it's, Chase Sapphire, Amex, Chase Organizations: Dulles International, Travelers, Capital, Service, Fort Worth International, Dulles, Washington D.C, Capital One, One, Premier, Rhino Brewing Co, Michelin, Acorn, Dulles Airport, Venture, Business, LaGuardia, Reagan Washington National Airport Locations: Washington, Wall, Silicon, Dallas, DFW, Dulles, Virginia, Central Virginia, Denver, Las
I thought I had seen it all on a tennis court until I watched Carlos Alcaraz at the U.S. Open on Monday. No, I’m not talking about the speed and punch of his forehand. I’m talking about his audacious creativity: As Alcaraz worked his way into the net early in the match, Matteo Arnaldi lifted a lob over the Spaniard’s head. Alcaraz is not most pros. A backhand, overhead drop shot winner in front of a packed house at Arthur Ashe Stadium?
Persons: Carlos Alcaraz, I’m, Alcaraz, Matteo Arnaldi, whirled, Arthur Ashe Organizations: U.S
Market Movers rounded up the latest reactions on Apple from investors and analysts. The pros discussed Apple after The Wall Street Journal reported that China banned the use of foreign-branded devices, including iPhones, for government officials at work. Additionally, Apple faces pressure as the European Commission designated it and five other major tech companies as "gatekeepers" under the EU's Digital Markets Act . CFRA reiterated the iPhone maker as a buy Wednesday and is bullish ahead of the company's upcoming product event . Apple's stock fell 3.6% Wednesday and is currently held in Jim Cramer 's Charitable Trust portfolio.
Persons: CFRA, Jim Cramer Organizations: Street Journal, Apple, European Commission, EU's, Trust Locations: China
Documented marijuana-related traffic accidents that required treatment in an emergency room rose 475% between 2010 and 2021, the study found. Just after Canadian legalization in 2018, when marijuana stores and products were limited, researchers found a 94% increase in emergency room visits, Myran said. Car crashes involving weed were serious. Another issue is the rising potency of cannabis, Myran said. Canada’s lower-risk cannabis guidelines recommend not driving for at least 6 hours after using cannabis and avoiding cannabis and alcohol together.
Persons: , Daniel Myran, Myran, Marco Solmi, ” Myran, , Solmi, , ” Solmi, Robert Page II, Page, I’m, ” Page Organizations: CNN, University of Ottawa, Ottawa Hospital Research Institute, JAMA, Traffic, NHTSA, Research, Highway, Transportation Safety Administration Locations: Canada, United States, Colorado
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple falls on report of China restricted iPhone usage. Here's what the pros sayJoe Terranova of Virtus Investment Partners, Brian Belski of BMO Capital Markets, Steve Weiss of Short Hills Capital and Toni Sacconaghi of Bernstein discussed Apple after the Wall Street Journal reported that China restricted the use of foreign-branded devices, including iPhones by its government officials.
Persons: Joe Terranova, Brian Belski, Steve Weiss, Toni Sacconaghi, Bernstein Organizations: Virtus Investment Partners, BMO Capital Markets, Short Hills Capital, Apple, Wall Street Journal Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo cuts price target on Disney. Here's what the pros say to do nextJim Cramer, Rich Greenfield of LightShed Partners, Michael Morris of Guggenheim Securities and Joe Terranova of Virtus Investment Partners discussed Disney after Wells Fargo cut its price target on the stock to $110 from $146 but is keeping its 'overweight' rating.
Persons: Jim Cramer, Rich Greenfield, Michael Morris, Joe Terranova, Wells Organizations: Disney, LightShed Partners, Guggenheim Securities, Virtus Investment Partners
Bernstein was on the sidelines on Lowe's since it initiated coverage in December. "Margin expansion + Pro momentum + strengthening ROIC + a market poised to improve = we're in," said analyst Dean Rosenblum. Rosenblum forecasts Lowe's will continue to expand its operating margin over the next two years. "LOW's has shown impressive Pro sales growth for the last 10 quarters, outgrowing HD in the first two quarters of FY23. Bernstein is also bullish on the overall U.S. home improvement market over the the medium to long term.
Persons: Bernstein, Dean Rosenblum, Rosenblum, Lowe's, LOW's, " Rosenblum, — CNBC's Michael Bloom Organizations: Home Locations: Friday's, Lowe's
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. China's Shanghai Composite lost 0.72% as the country's service sector logged its slowest expansion in eight months, according to a Caixin survey. Overinvestment in ChinaChina is "overinvested," said Jitania Kandhari, a managing director and deputy chief investment officer at Morgan Stanley. By contrast, India is underinvested, Kandhari said, giving its economy and markets investment opportunities.
Persons: Narendra Modi, China —, Jitania Kandhari, Morgan Stanley, Kandhari, Weizhen Tan Organizations: CNBC, Labor, Shanghai, Indian, BMW, Ford, Mercedes Locations: Miami Beach , Florida, U.S, Asia, Pacific, India, Russia, China, China China, Munich, Germany
So I'll admit I got The Platinum Card® from American Express for the clout. Getting an Amex didn't change my finances or my life, and I knew it wouldn'tI held my Amex Platinum card as I did with my driver's license when I was 16. Financial therapist Aja Evans says my Amex credit card is one way of coping with self-esteem issues, but it's a bandage. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Products in this post: The Platinum Card® from American Express, American Express® Gold Card
Persons: Achilles, I've, wouldn't, I'm, Aja Evans, Evans, it's, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash Organizations: Service, American Express, Yorker, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Shipping, American, Products Locations: Wall, Silicon, Hulu
Average 30-year mortgage rates finally dropped back below 7% last week, but they're still elevated compared to where they've been in recent months. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control. Sky high mortgage rates have pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices.
Persons: they've, Fannie Mae Organizations: Zillow, Federal Reserve, Mortgage, Association, Sky, ARM Locations: Chevron
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Persons: Dow Jones
The Tennis Education of Ben Shelton
  + stars: | 2023-09-02 | by ( Kurt Streeter | More About Kurt Streeter | ) www.nytimes.com   time to read: +1 min
He did not play any of the significant junior grand slam events that have operated as springboards for many pros. Shelton went to the University of Florida, where the men’s tennis coach happened to be Bryan Shelton, who is well respected in tennis circles for emphasizing a mastery of the game over chasing victories. There was no grand plan to move Ben quickly up the tennis ranks. “You work on something, you work on something, you keep working on it, and then, six months later, you see that you can do it,” the younger Shelton told me this week. Then he began running roughshod in ATP Challenger tournaments, the tennis equivalent of Triple-A baseball.
Persons: Shelton, Bryan Shelton, Ben, Organizations: American, University of Florida, Florida, ATP Challenger, Triple
Joel Tillinghast has picked his share of winning stocks. The legendary mutual fund manager has run Fidelity Low-Priced Stock since its launch in December 1989. Since then, the fund has posted an annualized total return of about 13%, trouncing the S&P 500's 10% return over the same time period. When asked for examples of investments that he learned from, Tillinghast shared two of his best stock picks and one of his worst. And for those looking to emulate Tillinghast's stock-picking prowess, remember: These aren't stock picks.
Persons: Joel Tillinghast, he's, Tillinghast Organizations: CNBC
Leading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Here are the accounts offering the best savings rates today:Best HYSA Annual Percentage Yield (APY) Requirements to Earn the Best APY Betterment Cash Reserve 5.50% APY for new customers; 4.75% APY standard rate Be a new customer; earn rate through 12/31/2023 CloudBank 24/7 Savings Account, powered by Raisin 5.26% APY Open an account with $1 UFB High Yield Savings 5.25% APY None Milli Savings Account 5.25% APY on Savings Account and Jars Open an account to access savings rateFeatured High-Yield Savings Account RatesCloudBank 24/7 High Yield Savings Account Annual Percentage Yield (APY) 5.26% Minimum Deposit Amount $1 Fees no monthly service fee Start savingCloudBank 24/7 High Yield Savings Account Annual Percentage Yield (APY) 5.26% Minimum Deposit Amount $1 Fees no monthly service fee View Full Details Start saving Raisin, FDIC or NCUA Insured AccountsCloudBank 24/7 High Yield Savings Account Start saving Raisin, FDIC or NCUA Insured Accounts Insider’s Take Raisin is a great option if your ultimate goal is to earn the best savings account, money market account, and CD rates out there. Accounts pay high interest rates Check mark icon A check mark. Open accounts you might not be able access outside of Raisin Check mark icon A check mark. Accounts pay high interest rates Check mark icon A check mark.
Persons: Banks, you'd, , Cash, we've Organizations: Mint, FDIC, Chevron, Reading Chevron, Bank, Savings, CIT Bank, Western Alliance Bank, FDIC CIT Bank, Barclays, Barclays Bank, Member, Start, Apple, Cash, Products, Technology Credit, Pelican State Credit Union, Federal Credit Union, of Commerce Federal Credit Union Locations: Axos,
MARSHALL, MICH. – On a gusty morning in a quaint central Michigan town, the sun's glow hits the brightly colored mural on the side of a brick building. About a five-minute drive past an antique store, a book shop and a retro pharmacy is a wide field where construction has begun. Ford ultimately landed in Marshall, a town with just under 7,000 residents. Pros and consYet on the ground in Marshall, where the site is being prepped for construction to begin, the reality is much more complicated. Excitement for the site is paired with concerns about how life in a charming small town could change with the introduction of a major industry.
Persons: MARSHALL, Caryn Drenth, David Miltenberger, Ford, Joe Biden, Chuck Schumer, Derek Allen, Allen, Covid, Marshall Organizations: Marshall Hardware, Marshall, Hawks, Ford Locations: Michigan, Marshall, Serendipity
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBroadcom slips after issuing fourth-quarter guidance. Why pros say it's a good time to buyPierre Ferragu of New Street Research, Stephanie Link of Hightower Advisors and Rob Sechan of NewEdge Wealth discussed Broadcom after the company reported better-than-expected 3Q results but missed analyst expectations for fiscal 4Q revenue guidance on Thursday.
Persons: Pierre Ferragu, Stephanie Link, Rob Sechan Organizations: Broadcom, New, Research, Hightower Advisors, NewEdge
Market Movers rounded up the latest reactions on Broadcom from investors and analysts. The pros discussed the semiconductor company a day after it announced quarterly results that beat estimates but also reported fiscal fourth-quarter revenue guidance that was roughly in line with expectations. Nevertheless, UBS is maintaining its buy rating and $925 price target on Broadcom's stock, saying the chipmaker is a "prime beneficiary" of the artificial intelligence fight. The chipmaker ended the trading day down about 5.5%. The stock is currently held in Jim Cramer's Charitable Trust portfolio.
Persons: Jim Cramer's Organizations: Broadcom, UBS, Trust
Assess the RoomStart by asking yourself some questions, Ms. Romanek suggested: “What is the feeling I want in this room? What do I want to do in this room?”Your answers should help inform your color choice. For a bedroom, a soothing off-white and beige may work best. Ms. Romanek decided to paint her bedroom, which was previously white, with a warm shade of tan. The paint color is going to do that for us.”
Persons: Romanek,
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
Leading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Accounts pay high interest rates Check mark icon A check mark. Open accounts you might not be able access outside of Raisin Check mark icon A check mark. High interest rate Check mark icon A check mark. Products in this post: Technology Credit Union 5 Month No Penalty CD, TotalDirectBank 6 Month CD, TotalDirectBank 1 Year CD, Pelican State Credit Union 2 Year Share Certificate, US Senate Federal Credit Union 3 Year Smart Share Certificate, Department of Commerce Federal Credit Union 5 Year Share CDBetterment Cash Reserve Account, CloudBank 24/7 High Yield Savings Account, UFB High Yield Savings, Milli Savings Account, Newtek Bank Personal High Yield Savings Account
Persons: Banks, you'd, , Cash, we've Organizations: Mint, FDIC, Chevron, Reading Chevron, Bank, Savings, CIT Bank, Barclays, Barclays Bank, Member, Apple, American Express, Western Alliance Bank, FDIC CIT Bank, Start, Cash, Products, Technology Credit, Pelican State Credit Union, Federal Credit Union, of Commerce Federal Credit Union Locations: Axos,
CNBC's Jim Cramer said he spends most of his time telling investors how to pick their own stocks but stressed that he also has advice about how best to passively manage money in mutual funds. He recommended investors seek out low-cost index funds if they don't have capacity to manage their own portfolios. "At the end of the day, I think a cheap S&P 500 index fund is the least bad way to passively manage your money — better than the vast bulk of actively managed mutual funds," Cramer said. But Cramer cautioned against most actively managed mutual funds, arguing that investors can't always trust that money managers will prioritize their clients' needs. "My main beef here is with actively managed mutual funds, mutual funds where there are people deciding which securities to buy or sell," he said.
Persons: CNBC's Jim Cramer, Cramer, they're
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