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☆ CNBC Daily Open: Wall Street soars; Starbucks ousts CEO
▼ + stars: | 2024-08-14 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street soarsWall Street rose after producer prices came in softer than expected, raising hopes of a rate cut. Starbucks ousts CEOStarbucks surprised investors by replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol, driving Starbucks' stock up more than 24% while Chipotle fell as much as 10%. Under Narasimhan's tenure, Starbucks' performance has struggled, marked by weak sales in the U.S. and China, its two largest markets. The latest inflation data strengthens the market's expectations of an interest rate cut at the Fed's September meeting.

Persons: Laxman Narasimhan, Brian Niccol, Chipotle, Niccol, Richard McPhail Organizations: New York Stock Exchange, CNBC, Dow Jones Industrial, Nasdaq, Nvidia, Microsoft, Apple, Treasury, Starbucks, Google, Gemini, Federal Reserve, PPI Locations: New York City, U.S, China

☆ CNBC Daily Open: Prequels, sequels and pixie dust
▼ + stars: | 2024-08-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 ended the week just 0.04% lower, while the Dow Jones Industrial Average slipped 0.6% and the Nasdaq Composite dipped 0.18%. At its lowest point on Monday, the S&P 500 was down nearly 10% from its recent high and the Nasdaq entered correction territory. [PRO] Low-volatility stocksDespite a wild week with steep sell-offs and concerns about Fed policy, markets rebounded showing resilience.

Persons: Disney, Indiana Jones, Carlos Tavares, Donald Trump, Sen, Elizabeth Warren, Elon Musk, Elon Musk's, Warren, Tesla, Robyn Denholm, Musk, CNBC's Pia Singh Organizations: CNBC, Wall, Dow Jones, Nasdaq, Magic, Hollywood, Inc, Animal Kingdom, Fiat Chrysler, France's PSA Groupe, Trump, Trump Media, SpaceX, Twitter Locations: U.S, Magic Kingdom, Disney's California, Michigan, Friday's

☆ CNBC Daily Open: Wall Street rebounds, investors to monitor earnings and inflation data
▼ + stars: | 2024-08-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia markets climb higherAsia-Pacific markets were mostly higher on Monday ahead of U.S. economic data later in the week. [PRO] Distinct marketWhile U.S. and Japanese indexes fell sharply amid recent volatility, the MSCI China index rose slightly, reinforcing China's distinct market status despite slower growth.

Persons: Disney, Indiana Jones, Donald Trump, Sen, Elizabeth Warren, Elon Musk, Elon Musk's, Warren, Tesla, Robyn Denholm, Musk, Hai Precision Industry —, —, Australia's, Hong Organizations: New York Stock Exchange, CNBC, Wall, Dow Jones, Nasdaq, Magic, Hollywood, Inc, Animal Kingdom, Trump, Trump Media, SpaceX, Twitter, Hai Precision Industry, SK Hynix, China's CSI, U.S Locations: New York City, U.S, Magic Kingdom, Disney's California, Friday's, Asia, Pacific, Taiwan, Australian, China

☆ These dividend payers will beat the yields on cash as the Fed cuts rates, Bank of America says
▼ + stars: | 2024-08-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

However, investors can continue generating portfolio income if they snap up the right dividend stocks. Dividend yields that are too high may also raise the question of whether the company can sustain these payments to investors. Data storage player Seagate Technology made the cut, with a three-year annualized dividend yield of 7.9%, according to Bank of America's analysis. Bank of America rates KeyCorp as a buy, and it sees the company and its peers benefiting as the Fed dials back its policy. Devon, which the bank rates as a buy, this week surpassed the Street's estimates on core earnings per share in the second quarter, per FactSet.

Persons: Savita Subramanian, Wamsi Mohan, Mohan, Ebrahim Poonawala, Kraft, Merck Organizations: Federal Reserve, FedWatch, Bank of America, Seagate Technology, Bank of, KeyCorp, Devon Energy, Kraft Heinz, Simon Property Group Locations: Devon, Bank

☆ CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound
▼ + stars: | 2024-08-06 | by ( Abid Ali | Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow plummeted over 1,000 points, while the S&P 500 and Nasdaq Composite fell 3% and 3.4%, respectively. Wharton finance professor Jeremy Siegel urged the Federal Reserve to make an emergency 75-basis-point cut in the federal funds rate following Friday's disappointing jobs data. Siegel believes the current fed funds rate "should be somewhere between 3.5% and 4%," citing the higher-than-expected unemployment rate and declining inflation as reasons for the cuts. "How much have we moved the fed funds rate?

Persons: Berkshire Hathaway, Amit Mehta, Wharton, Jeremy Siegel, Siegel, Austan Goolsbee, Goolsbee, CNBC's, Korea's Kospi, Richard Kaye Organizations: CNBC, Dow Jones Industrial, Dow, Nasdaq, Tech, Nvidia, Tesla, Berkshire, Google, Department of Justice, Federal Reserve, Chicago Federal, Nikkei, Honda, Renesas Electronics, CSI Locations: U.S, Asia, Pacific

☆ Oil prices climb more than $1 on fear of spreading Middle East conflict
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: +2 min

Oil prices climbed more than $1 on Tuesday, paring the previous day's loss as concern that an escalating Middle East conflict could hit supplies outweighed fear of a possible U.S. recession that could hurt demand in the world's biggest oil consumer. Oil's slide was limited by worry that Iranian retaliation for the assassination of a Hamas leader in Tehran may lead to a wider war in the Middle East. "Increased fear of escalating Middle East conflict prompted fresh buying," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities . "The market has largely factored in a retaliatory attack by Iran so the focus is on its scale and Israel's counterattack," Kikukawa said. If the conflict escalates, oil prices will rise, but if it is contained in the short term - as it was in April amid similar escalation fear - gain will be limited, he said.

Persons: paring, Hiroyuki Kikukawa, Kikukawa, Antony Blinken, Masoud Pezeshkian, Vladimir Putin Organizations: Brent, U.S, West Texas, NS, Nissan Securities, State Department, Reuters, OPEC Locations: Fort Stockton , Texas, Tehran, Iran, Israel, U.S, Iraq, Russia, Venezuela

☆ CNBC Daily Open: Dow sheds 1,000 points
▼ + stars: | 2024-08-06 | by ( Abid Ali | Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street sinksThe Dow Jones Industrial Average and the S&P 500 suffered their sharpest declines in nearly two years, as growing concerns about the U.S. economy rocked global stock markets. The Dow plummeted over 1,000 points, while the S&P 500 and Nasdaq Composite fell 3% and 3.4%, respectively. Wharton finance professor Jeremy Siegel urged the Federal Reserve to make an emergency 75-basis-point cut in the federal funds rate following Friday's disappointing jobs data. [PRO] Don't panicDespite a global stock market rout, several investors and strategists advised against panicking at this point.

Persons: Berkshire Hathaway, Amit Mehta, Wharton, Jeremy Siegel, Siegel, Austan Goolsbee, Goolsbee, CNBC's, cryptocurrencies, Bitcoin, bitcoin, Nexo, Antoni Trenchev, panicking Organizations: CNBC, Dow Jones Industrial, Dow, Nasdaq, Tech, Nvidia, Tesla, Berkshire, Google, Department of Justice, Federal Reserve, Chicago Federal, bitcoin Locations: U.S

☆ Voices across the globe express concern over increasing arrests in Venezuela after disputed election
▼ + stars: | 2024-08-05 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

Voices across the globe expressed concern Sunday over the growing number of arrests in Venezuela following last weekend’s disputed elections. The AP processed almost 24,000 images of tally sheets, representing the results from 79% of voting machines. According to the calculations, the González received 6.89 million votes, nearly half a million more than the government says Maduro won. The tabulations also show Maduro received 3.13 million votes from the tally sheets released. On Thursday, the governments of the three countries issued a joint statement calling on Venezuela’s electoral authorities “to move forward expeditiously and publicly release” detailed voting data.

Persons: Pope Francis, Nicolás Maduro, Maduro, Jon, Biden, “, Edmundo González, María Corina Machado —, Machado braved, ” Machado, González, Nicolas Maduro, Matias Delacroix, ” Maduro, ”, —, Venezuela’s, Gonzalez, Elvis Amoroso Organizations: Deputy National, CBS, ” Authorities, Associated Press, Maduro, Saturday, Electoral Council, AP, Electoral Locations: Venezuela, Venezuelan, Caracas, U.S, France, Spain, Germany, Italy, ”, Brazil, Colombia, Mexico

☆ Ron Insana: Fed should reassure market it's ready to act, as this resembles late '90s foreign markets crises
▼ + stars: | 2024-08-05 | by ( Ron Insana | ) www.cnbc.com time to read: +3 min

First, when everything is being sold – and just about everything is being sold on Monday – someone is in big trouble. The spillover effect – exacerbated by a Federal Reserve reluctant to cut interest rates even as inflation cools – has put all assets on sale. This suggests that fears of a financial market problem are greater than those of a widening Middle East war. Should the situation become more tumultuous, the Fed could be forced into cutting interest rates between meetings. Indeed, when the Fed responded to the 1998 event by cutting interest rates , stocks went on a tear before topping out in 2000.

Persons: I've, Michael Gayed, Cashin, It's, Stanley Druckenmiller, Japan —, Ron Insana Organizations: Federal Reserve, Nikkei, UBS, Term Capital Management, CNBC Locations: Japan, Israel, Iran

☆ CNBC Daily Open: Nasdaq in correction territory; Berkshire's cash holdings reach record high
▼ + stars: | 2024-08-05 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Nasdaq Composite dropped 2.43% and is now in correction territory, having declined more than 10% from its recent high. The unemployment rate rose to 4.3%, the highest since October 2021 when the global economy was still reeling from the Covid-19 pandemic. The stocks had to pass several criteria, including receiving five or more earnings upgrades in the past three months.

Persons: Warren Buffett Organizations: New York Stock Exchange, CNBC, Dow Jones Industrial, Nasdaq, Treasury, Federal, Berkshire Hathaway's, Apple . Berkshire, Exxon, Chevron, CNBC Pro Locations: New York City, Apple ., Berkshire, Guyana, U.S, San Ramon , California, Houston , Texas

☆ AP review of Venezuela opposition-provided vote tallies casts doubt on government’s election results
▼ + stars: | 2024-08-03 | by ( ) www.cnbc.com time to read: +8 min

Protesters demonstrate against the National Election Council certification of President Nicolas Maduro's reelection in Caracas, Venezuela, on Tuesday, July 30, 2024. The AP processed almost 24,000 images of tally sheets, representing the results from 79% of voting machines. National Electoral Council President Elvis Amoroso attributed the delay in updating results to "massive attacks" on the "technological infrastructure." The AP could not independently verify the authenticity of the 24,532 tally sheets provided by the opposition. The tally sheets, known in Spanish as "actas," are lengthy printouts that resemble shopping receipts.

Persons: Nicolas Maduro's, Venezuela's, Nicolás Maduro, Edmundo González, Maduro, Gonzalez, Elvis Amoroso, María Corina Machado, Machado, Biden, González, Edmundo González Urrutia, Antony Blinken, Vyacheslav Volodin, —, Cynthia Arnson, Caryslia Rodríguez, Jorge Rodriguez Organizations: National, AP, Electoral Council, Electoral, Wilson, United Socialist Party of Locations: Caracas, Venezuela, U.S, United States, Venezuela's, Brazil, Colombia, Mexico, Russian, Washington, United Socialist Party of Venezuela

☆ Young climate activists favor Harris over Biden, despite his environmental wins
▼ + stars: | 2024-08-02 | by ( Elysee Barakett | Elysee Barakett Is A Health Intern At Nbc News. | ) www.nbcnews.com time to read: +8 min

The Summary Many young climate advocates see Kamala Harris as stronger on environmental issues than Joe Biden. President Joe Biden may have passed the United States’ most significant climate legislation ever, but many young environmental activists say they see Kamala Harris as stronger on the issue. But several young climate activists ages 16 to 29 said for them, the expansion of the fossil fuel industry during Biden’s presidency has clouded those successes. Harris’ young supporters have highlighted the settlements she secured as California attorney general with Chevron, BP and ConocoPhillips over their handling of hazardous materials. Sunrise Movement protesters gather near Vice President Harris' Brentwood home on April 14, calling on her to urge President Biden to declare a climate emergency.

Persons: Kamala Harris, Joe Biden, Harris, Biden, ”, Aru Shiney, Ajay, Donald Trump, “, Keanu Arpels, Greta Thunberg, Kent Nishimura, Dana Fisher, it’s, ” Fisher, ’ ” Fisher, Fisher, Harris ’, “ Biden, Kamala isn’t, Iris Zhan, “ Donald Trump, Sen, Gavin Newsom, Carlos Avila Gonzalez, Zanagee Artis, ” Young, Natalie Bookout, Robert Gauthier, Heather Hargreaves, “ there’s, “ She’s, NASA's, Olivier Douliery, Stephen Perkins, We’ve Organizations: Biden, Green, Deal, Big Oil, Sunrise Movement, Green New Deal Network, Infrastructure Investment, Jobs, Reuters, Los Angeles Times, Getty, Center for Environment, Community, Equity, American University, Chevron, BP, ConocoPhillips, Research, “, Gov, San Francisco, Brentwood, Climate Power, NASA's Goddard Space, American Conservation Coalition, Pew Research Locations: United States, Alaska, Virginia, West Virginia, Lake Mead, California, Wilmington , Delaware, San Francisco, Mar, Pineridge, Calif, Charlotte , North Carolina, Greenbelt , Maryland, AFP

☆ Coterra's strong energy production allowed for big cash returns to shareholders
▼ + stars: | 2024-08-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

CTRA YTD mountain Coterra Energy YTD The results were released after Thursday's close. Bottom line In addition to the strong production and strict capital expenditures discipline, management raised their production outlook and discretionary cash flow target for the remainder of the year. Coterra Energy Why we own it: Formed by the merger of Cabot Oil & Gas and Cimarex, Coterra Energy is an exploration-and-production company with a high-quality, diversified asset portfolio. It's committed to returning 50% or greater of annual free cash flow to shareholders. Under management's stated commitment to returning 50% or more of annual free cash flow via dividends and buybacks, Coterra has returned this year 103% of free cash flow to shareholders.

Persons: It's, Coterra, management's, Tom Jorden, Marcellus, Jim Cramer's, Jim Cramer, Jim, Pavlo Gonchar Organizations: Coterra Energy, LSEG, Cabot Oil & Gas, EQT Corp, Devon Energy, Oil, CNBC, Energy Inc, Getty Locations: Houston

☆ Chevron, in Snub to California, to Move Its Headquarters to Houston
▼ + stars: | 2024-08-02 | by ( Rebecca F. Elliott | More About Rebecca F. Elliott | ) www.nytimes.com time to read: 1 min

Chevron, the second-largest U.S. oil company, is moving its headquarters to Houston, from California, formalizing a long-expected breakup with a state that has pushed aggressively to address climate change. The company’s ties to California date to the 1870s. Chevron said it already had roughly 7,000 employees in the Houston area and around 2,000 at its current headquarters in San Ramon, Calif., near San Francisco. The State of California sued Chevron and other large oil companies last year, claiming that they misled the public about the risks of fossil fuels, the extraction of use of which are a leading cause of climate change. Chevron’s chief executive, Mike Wirth, criticized the lawsuit last year, saying in a Bloomberg Television interview that litigation was not the right approach.

Persons: Mike Wirth Organizations: Chevron, Calif, Bloomberg Television Locations: Houston, California, San Ramon, San Francisco, The State

☆ CNBC Daily Open: Fed signals rate cut; U.S. stocks soar; oil gains as Middle East tensions rise
▼ + stars: | 2024-08-01 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

Rate cut on horizonThe Federal Reserve expectedly kept its benchmark rate steady at 5.25% to 5.50% on Wednesday, but Chairman Jerome Powell signaled the U.S. central bank could cut the rate in its September meeting. U.S. stocks rallyU.S. stocks jumped after Powell said a rate cut in September was "on the table." Oil gainsU.S. crude oil futures rose 4% on Wednesday after Hamas political leader Ismail Haniyeh was assassinated in Tehran. Asian stocks mixedAsian markets were mixed on Thursday with Japan stocks tumbling while Australia's S&P/ASX 200 touched a new all-time high. [PRO] Rate cut beneficiariesCNBC Pro screened for stocks in the S&P 500 that tend to rise the most when short-term rates start to decline.

Persons: expectedly, Jerome Powell, Powell, Ismail Haniyeh, Israel, Oil Organizations: New York Stock Exchange, Wall, CNBC, Nasdaq, Dow Jones, Nvidia, Devices, Boeing, Treasury, Facebook, Google, Meta, Oil, West Texas Intermediate, Nikkei, Developers, Bank of, Singapore Airlines, U.S Locations: New York City, U.S, Tehran, Iran, Israel, Beirut, Japan, Shanghai

☆ Oil rises on risk of broadening Middle East conflict
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: +2 min

The most active contracts on both benchmarks jumped about 4% in the previous session. The killings fueled concern that the 10-month-old war in Gaza between Israel and Hamas was turning into a wider Middle East war, which could potentially lead to disruptions in oil supply from the region. Also pushing up oil prices was a set of data releases from the U.S., the world's top oil consumer, and a weaker dollar. U.S. oil demand was at a seasonal record in May as gasoline consumption surged to its highest since before the pandemic, a separate data release from the EIA showed on Wednesday. A weaker dollar can boost oil demand from investors holding other currencies.

Persons: Ismail Haniyeh, Shino Mitsuko Organizations: Global, Brent, U.S, West Texas, United Nations, U.S . Energy, Administration, Federal Reserve Locations: Iran, U.S, Tehran, Lebanon, Beirut, Gaza, Israel, . U.S

☆ CNBC Daily Open: Fed signals possible rate cut; Wall Street soars; oil gains as Middle East tensions rise
▼ + stars: | 2024-08-01 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

Rate cut on horizonThe Federal Reserve expectedly kept its benchmark rate steady at 5.25% to 5.50% on Wednesday, but Chairman Jerome Powell signaled the U.S. central bank could cut the rate in its September meeting. U.S. stocks rallyU.S. stocks jumped after Powell said a rate cut in September was "on the table." Oil gainsU.S. crude oil futures rose 4% on Wednesday after Hamas political leader Ismail Haniyeh was assassinated in Tehran. Japan currency interventionJapanese authorities spent 5.53 trillion yen, or $36.8 billion, to support the yen in July, official data showed. [PRO] Rate cut beneficiariesCNBC Pro screened for stocks in the S&P 500 that tend to rise the most when short-term rates start to decline.

Persons: expectedly, Jerome Powell, Powell, Ismail Haniyeh, Israel, Oil Organizations: CNBC, Nasdaq, Dow Jones, Nvidia, Devices, Boeing, Treasury, Facebook, Google, Meta, Oil, West Texas Intermediate, U.S Locations: U.S, Tehran, Iran, Israel, Beirut, Japan

☆ P&G's rally signals economic worries are back — plus, we're downgrading a consumer stock
▼ + stars: | 2024-08-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

That's why some classic slowdown stocks in the health care and consumer staples sectors are outperforming versus cyclicals. But with Wynn earnings coming up Tuesday, we'd rather be cautious and downgrade our rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wells, Stanley Black, Wynn, we've, — Wynn, we'd, We'll, Coterra, FactSet, Jim Cramer's, Jim Organizations: CNBC, Treasury, Federal Reserve, Procter, Gamble, Wynn Resorts, MGM Resorts, MGM, Revenue, Vegas, Coterra Energy, Apple, Intel, Club, Linde, Exxon Mobil, Chevron, Jim Cramer's Charitable Locations: Wells Fargo, Las Vegas, Macau, Vegas, China

☆ Russia's war pushed Europe to a tipping point on wind and solar
▼ + stars: | 2024-08-01 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

For the first time, wind and solar generated more of the European Union's electricity than fossil fuels during the first half of the year. Wind and solar accounted for an all-time high of 30% of the region's energy needs, according to an analysis by the think tank Ember . In a separate report , Ember forecasted a global LNG supply glut by 2026 and a substantial drop in EU gas demand by 2030. But the rush to increase LNG exports from places like the US ignores the reality of rapidly declining gas demand in Europe, she added. Ember's report said that while it's unclear how swiftly fossil-fuel use will drop across Europe, a pipeline of solar and wind projects suggests this tipping point could be permanent.

Persons: it's, Chris Rosslowe, Ember, Sarah Brown, Brown, Rosslowe Organizations: Service, Business, US Energy Information Administration Locations: Europe, Russia, Ukraine, Canada, Germany, Spain, France, Netherlands, Belgium, Australia, Qatar, Asia

☆ Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
▼ + stars: | 2024-08-01 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. British oil giant Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining margins and weaker liquified natural gas trading. The company reported adjusted earnings of $7.7 billion in the first quarter of 2024. Shell said it would launch a $3.5 billion share buyback program over the next three months, a similar scheme as in the previous quarter. British rival BP on Tuesday increased its dividend and extended its share repurchasing program on the back of stronger-than-expected earnings.

Persons: LSEG, Shell's, Shell, Wael Sawan, CNBC's, Sawan, Chandra Asri Organizations: Shell, Chandra, BP, Exxon Mobil, Chevron Locations: Radstock, Somerset, England, Singapore, Rotterdam, Netherlands, Swiss, London

☆ CNBC Daily Open: BOJ ups rate to 0.25%; U.S. stocks fall; Starbucks' same-store sales decline
▼ + stars: | 2024-07-31 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia pulled back 7% and Microsoft fell 0.9% during the normal session before reporting earnings after the bell. Still, Microsoft beat estimates as quarterly revenue increased 15% from a year ago to $64.73 billion and net income rose to $22.04 billion. Starbucks missStarbucks' quarterly revenue slid 1% to $9.11 billion, missing forecasts as same-store sales declined for the second straight quarter. The South Korean tech giant said sales of high-end memory chips used in servers will continue to be strong.

Organizations: CNBC, New York Stock Exchange, New York City . Bank of Japan, U.S . Federal, Bank of, Nasdaq, megacaps Meta, Apple, Dow Jones, Nvidia, Microsoft, Fed, Microsoft Microsoft, Bank of Japan, Nikkei, Seng, Samsung, Samsung Electronics, Revenue, South, Reading, Fed Stock, Federal Reserve Locations: New York City, Bank of Japan, U.S, China, Shanghai

☆ These smaller stocks could get a big boost from a Trump victory
▼ + stars: | 2024-07-31 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

With just under 100 days until Election Day, several small-cap and midcap names could get a huge boost if former President Donald Trump wins, according to Jefferies. This could mean a boost for companies, especially smaller ones, as deregulation would reduce costs involved with compliance. Here are some "smidcap" stocks that the firm sees as poised for a lift from a second Trump term: Live Nation shares could stand to get a boost from a Trump win. The stock is up more than 6% over the past three months, and Jefferies sees more room for the stock to run. Jefferies sees even more upside for SoFi Technologies , which also made the list.

Persons: Donald Trump, Jefferies, Trump, Russell, Taylor Swift's Organizations: Trump, U.S . Department of Justice, DOJ, Republican, Technologies

☆ CNBC Daily Open: Tech retreats; Starbucks same-store sales decline for second straight quarter
▼ + stars: | 2024-07-31 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia pulled back 7% and Microsoft fell 0.9% during the normal session before reporting earnings after the bell. Still, Microsoft beat estimates as quarterly revenue increased 15% from a year ago to $64.73 billion and net income rose to $22.04 billion. Starbucks missStarbucks' quarterly revenue slid 1% to $9.11 billion, missing forecasts as same-store sales declined for the second straight quarter. Net income fell to $1.05 billion from $1.14 billion a year ago, though it met analysts' expectations.

Persons: Tamas Varga, PVM, Tom Lee Organizations: New York Stock Exchange, CNBC, Big Tech, Nasdaq, megacaps Meta, Apple, Dow Jones, Nvidia, Microsoft, Fed, Microsoft Microsoft, West Texas Intermediate, Brent Locations: New York City, U.S, China

☆ CNBC Daily Open: Asian shares slide, U.S. stocks flat ahead of Big Tech earnings; McDonald's earnings miss
▼ + stars: | 2024-07-30 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. McDonald's missMcDonald's quarterly earnings and revenue fell short of analysts' expectations as same-store sales declined globally for the first time since 2020. The fast-food giant's second-quarter net income fell to $2.02 billion from $2.31 billion a year ago, while revenue was nearly flat at $6.49 billion. Asia stocks weakenAsian stocks traded lower as the Bank of Japan began a two-day meeting where it is widely expected to raise benchmark interest rates. Japan central bank meetsThe Bank of Japan began its two-day policy meeting Tuesday amid expectations of an interest rate hike.

Persons: McDonald's, iPhones, Seng, Fortescue, JPMorgan, Yuri Khodjamirian, CNBC's Organizations: CNBC, Nasdaq, Big Tech, Dow Jones Industrial, Treasury, Hezbollah, Apple, Apple Intelligence, Max, Bank of Japan, Nikkei, CSI, Australian Financial Review, Tema Locations: U.S, Israel, Iran, Lebanon, Asia, Australia, Japan

☆ CNBC Daily Open: U.S. stocks little changed ahead of Big Tech earnings, McDonald's misses estimates
▼ + stars: | 2024-07-30 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields slipped and U.S. oil prices fell amid increasing tensions between Israel and the Iran-backed militia Hezbollah in Lebanon. McDonald's missMcDonald's quarterly earnings and revenue fell short of analysts' expectations as same-store sales declined globally for the first time since 2020. The fast-food giant's second-quarter net income fell to $2.02 billion from $2.31 billion a year ago, while revenue was nearly flat at $6.49 billion. Bond investors benefit from price appreciation in a falling interest rate environment as bond prices and yields move inversely to each other.

Persons: McDonald's, iPhones, Max, Bitcoin, Donald Trump, Trump, Gary Gensler, Janus Henderson Organizations: CNBC, Big Tech, Nasdaq, Dow Jones Industrial, Treasury, Hezbollah, Apple, Apple Intelligence, Republican, Bitcoin Conference, Metrics, Securities, Exchange Locations: U.S, Israel, Iran, Lebanon

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