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☆ The key price support levels to watch as sellers return to Nvidia
▼ + stars: | 2024-07-30 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

To start let's examine the 200-day moving average on the daily chart below shown as a dashed blue line. Looking back to the most recent correction in April, that was the support level of the price-to-moving average spread: 34%. We could be approaching a support level based on this analysis. This could occur by price continuing to move lower along with the moving average trending higher as the recent higher price readings factor into the average. The 50-day moving average of the daily volume totals is clearly in a decline since April.

Persons: Steve Eisman, Eisman, We're, Todd Gordon, Gordon, NVDA Organizations: CNBC, Nvidia, Jan, Edge, Inside Edge, NBC UNIVERSAL Locations: NVDA

☆ Temu and Shein's soaring popularity has Wall Street eyeing China's influence on tech earnings
▼ + stars: | 2024-07-29 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +9 min

The topic of Temu and Shein's growth will hover over tech earnings this week, as Amazon reports second-quarter results alongside Meta, eBay and Etsy. watch nowIn Amazon's report on Thursday, the company is expected to show revenue growth of about 11% to $148.6 billion, according to LSEG. That's where Temu and Shein come into play, as merchants now have new ways to get products to American consumers. Amazon has continued to highlight its delivery prowess and its focus on speed in the face of growing competition from Temu and Shein. However, while it's long touted itself as the "lowest-priced U.S. retailer," Amazon has shown that it's well aware of Temu and Shein's increasing popularity.

Persons: Stefani Reynolds, David Zapolsky, Zapolsky, it's, Shein, Andy Jassy, Jassy, It's, Angus Mordant, Temu, Meta, Susan Li, Jamie Iannone, Etsy, Amazon, Amazon's Zapolsky Organizations: Apple, CNBC, Afp, Getty, eBay, Meta, Etsy, Tech, YouTube, Microsoft, Intel, Qualcomm, Google, PDD Holdings, Amazon, European Union, Bloomberg, Barclays, Finance, EBay, Bank of America, Walmart Locations: U.S, China, Temu, New York, Asia, Pacific, San Francisco, Singapore

Mortgage rates have been prohibitively high this year for many would-be homebuyers. But as mortgage affordability improves throughout the next few months, more buyers should be able to find a home and mortgage payment that fits their budget. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Zillow, Mortgage, Association, Sky Locations: Chevron

☆ Business Is Buzzing Again for the Meme Makers of the Left
▼ + stars: | 2024-07-28 | by ( Kevin Roose | ) www.nytimes.com time to read: 1 min

Last Sunday, after President Biden announced he was stepping down from his presidential campaign and endorsing Kamala Harris as his replacement, Democratic meme makers rejoiced. Minutes after the announcement, a group chat called “Rebel Alliance” — made up of left-wing creators who got to know one another during the 2020 campaign — lit up with excited messages. “All the progressive meme warriors are giddy right now,” said John Sellers, a co-founder of The Other 98 Percent, a popular left-wing Facebook page with 7.1 million followers, who participated in the chat. There’s “genuine excitement” about Ms. Harris among liberal creators, he said, “whereas with Biden we were trying to manufacture excitement from vapor.”

Persons: Biden, Kamala Harris, —, ”, John Sellers, There’s, Harris Organizations: Democratic

☆ We rented our house on Airbnb for 15 years. It was so much work that we had to stop.
▼ + stars: | 2024-07-27 | by ( Dana Mcmahan | ) www.businessinsider.com time to read: +6 min

Renting your home to strangers for money wasn't even on the horizon when my husband and I bought our first house almost 20 years ago. I thought renting our house to race-goers would be an easy way to make a quick paycheck. We were early Airbnb adoptersIt didn't go well at first, though, with our first guests writing us a bad check. Courtesy of the auhorAlthough it's commonplace now, in those early days, friends thought we'd lost it when we let strangers stay in our house. A beautiful house that just needed some work, with a third floor guest suite and a carriage house, it had tons of potential as a short-term rental rental.

Persons: wasn't, Airbnb, we'd, Vertigo, COVID didn't, we're, aren't, it's, Diane Deaton, who's, It's, I've Organizations: Service, Kentucky Derby, Business, Realtors, House Locations: Louisville , Kentucky, Vertigo Louisville, Detroit, Louisville

☆ TikTok is betting its future on e-commerce. Should it?
▼ + stars: | 2024-07-26 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com time to read: +8 min

From conversations with e-commerce analysts, TikTok Shop partners, sellers, and creators, it's clear that Shop is growing steadily in the US and driving meaningful sales for some brands. TikTok Shop is also showing strong momentum in regions outside the US that have embraced social shopping more, like Southeast Asia. Order-tracking platform Route saw global order volume on TikTok Shop grow a modest 35% between January and June. AdvertisementWhat's working for TikTok ShopWell-timed promotional campaigns and live selling have bolstered TikTok Shop's growth this year, agency sources told BI. TikTok Live has become an e-commerce hub for all types of sellers, including pre-owned luxury retailer What Goes Around Comes Around, which has a streaming studio in its store.

Persons: —, influencers, TikTok, it's, It's, Nicole Rechtszaid, Steele, Pena, Rechtszaid, Dan Whateley, Julian Reis, SuperOrdinary, Reis, we've, Michael Yamartino Organizations: Service, Business, TikTok Shop, TikTok, Ghost Agency, Amazon's, livestreams Locations: Southeast Asia, Paris, Maybelline New York, Asia, China

☆ Search competition fears hit Alphabet stock yet again. We see no reason to join the sellers
▼ + stars: | 2024-07-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

ChatGPT creator OpenAI on Thursday announced a prototype of its search engine, SearchGPT, in an effort to directly compete with Google Search. "Not really seeing any decline in web traffic away from web search" despite the popularity of AI chatbots," Marks said Friday. Alphabet's efforts to incorporate generative AI into Google Search — dubbed "AI Overviews" — are resonating with users, CEO Sundar Pichai said on the conference call. He added that people are looking for help with complex topics are engaging more and keep coming back for AI Overviews. To be sure, the AI threats to Google Search is not the only question on Alphabet investors' minds.

Persons: OpenAI, Jeff Marks, It's, Marks, OpenAI's SearchGPT, Bing, That's, Rosenblatt, Alphabet's, Sundar Pichai, Pichai, There's, Jim Cramer's, Jim Cramer, Jim, Idrees Abbas Organizations: Google, Microsoft, Nasdaq, Investor, Rosenblatt, Bing, Bank of America, Citigroup, Citi, Management, CNBC, Getty

☆ Defining a buyer's market 'is always a bit tricky,' real estate expert says: 4 signs to monitor
▼ + stars: | 2024-07-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Despite those headwinds, some indicators show the housing market is shifting away from a seller's market. That doesn't mean it's a buyer's market — yet: "The term buyer's market is always a bit tricky to work with," said Chen Zhao, the economic research lead at Redfin, an online real estate brokerage firm. There are "rules of thumb" to define a buyer's market, like having more than four months of supply, she said. "We're still nationwide somewhat in a seller's market, not a buyer's market yet," he said. Here are four signs that can help you recognize if the housing market in your area is more in buyers' favor: 1.

Persons: Freddie Mac, Chen Zhao, Zhao, they're, We're, Daryl Fairweather, Redfin, Julie Zubiate, Selma Hepp, Sellers Organizations: National Association of Realtors, NAR, Federal, Zillow, CNBC, Finance, Sdi, San Francisco Bay Area Locations: U.S, Redfin, San Francisco Bay

☆ US prosecutors charge Andrew Left, a prominent short-seller, with fraud
▼ + stars: | 2024-07-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Federal prosecutors in California on Friday charged prominent investor Andrew Left with multiple counts of securities fraud involving “a long-running market manipulation scheme” yielding at least $16 million in profit. Short-sellers, including Left, often present themselves as researchers sniffing out misleading or fraudulent businesses through independently published reports on their targets. Left, 54, was charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. Each securities fraud count carries a maximum prison sentence of 20 years. Separately, the SEC on Friday accused Left and his firm of running a $20 million scheme to defraud his social media followers by publishing false and misleading reports.

Persons: Andrew Left, “, Citron, Left, ” Citron, ” Organizations: New, New York CNN, Federal, Justice, Left, Citron Research, Enron, Securities and Exchange Commission, SEC Locations: New York, California

Here's what fans need to know about how to buy 2024 Outside Lands tickets, from original tickets to verified retailers, including StubHub and VividSeats. Outside Lands Music Festival 2024 scheduleOutside Lands is a three-day event in Golden Gate Park, San Francisco. How to buy tickets for Outside Lands 2024Festival goers can visit Outside Lands with either a single-day ticket or a three-day pass. How much are Outside Lands Music Festival tickets? Who is performing at the Outside Lands Music Festival?

Persons: Sabrina Carpenter, Sturgill Simpson, Post Malone, Grace Jones, Chappell Roan, Idris Elba, Victoria Monét, Dolores, Daniel Caesar, Reneé Rapp, Knock2, Kevin, Shiba, Freyr, Joe Kay, Jared Jackson, Darius, Shaboozey, Rocco, Kasablanca, Marsh, Billy Woods, Rochelle Jordan, Odie Leigh, Yulia Niko, Miles, Valencia Grace, Jackie Hollander, Chris Lake, Schoolboy Q, Fletcher, Charley Crockett, Madonna, Romy, STRFKR, Allen Stone, Tsha, Ryan Beatty, Sofia Kourtesis, Mimi Webb, Kaleena, Anish Kumar, Lady Wray, Chuck Gunn, Kaytranada, Teddy, Victoria Monét, Slowdive, Mike, Ben Howard, Paul Cauthen, Seth Troxler, Uncle Waffles, Corinne Bailey Rae, Elyanna, Chance Peña, Jaden Thompson, Katie Pruitt, OGI, Dan SPencer, Lael Neale Organizations: Business, Planet Entertainment, Postal Service, Party, Gate, Golden, Purchasing, Shiba San, CID, The Postal Service, Channel Tres, Amyl, AG Club, TV Locations: Francisco, San Francisco ., Tyla, Slowdive, San Francisco, Real, K.Flay, Roosevelt, CMAT

☆ The tech sell-off may not be over. Here's an options trade to capitalize on the trend—with protection
▼ + stars: | 2024-07-26 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The Nasdaq-100 has seen significant profit taking as many investors have trimmed their exposure to the Mag 7. Volatility and carnage in the Nasdaq should persist causing more sellers to sell tech stocks. Here is an options strategy to profit on this additional plunge in Tech. However, the move ran out of gas into the closing bell, and the QQQ finished back in the red. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Russell, Tesla Organizations: Nasdaq, Nvidia, Meta, Dow, CNBC, NBC UNIVERSAL Locations: Tech

☆ Restaurant not responsible for customer’s injury after bone found in boneless wing, Ohio Supreme Court rules
▼ + stars: | 2024-07-26 | by ( Sara Smart | ) edition.cnn.com time to read: +3 min

CNN —An Ohio restaurant is not responsible for a customer’s injury after a bone was found in an order of boneless wings, a divided Ohio Supreme Court ruled Thursday, affirming an appellate court’s earlier decision. Berkheimer’s medical records said that a doctor found a “5cm-long chicken bone” lodged in his esophagus, according to court records. Berkheimer sued the restaurant, a food supplier, and a chicken farm in the Butler County Common Pleas Court in 2017. In 2023, Berkheimer appealed to the Supreme Court, which agreed to hear the case, the release said. On Thursday, the Ohio Supreme Court affirmed the dismissal of the lawsuit, saying the customer could have guarded against a piece of bone in his meal.

Persons: Michael Berkheimer, Berkheimer, ”, –, ’, Joseph T, Deters Organizations: CNN, Wings, Twelfth, Court Locations: An Ohio, Ohio, Brookwood, Hamilton , Ohio, Butler

☆ Bank of America's biggest clients are selling individual stocks and plowing money into ETFs in these 7 sectors instead
▼ + stars: | 2024-07-25 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

AdvertisementETF enthusiasmInstead of single stocks, clients across the board are putting their money into ETFs. Bank of AmericaEven though clients sold off individual small-cap stocks, they're not shying away from that size segment of the market at all. Clients invested more money in small-cap ETFs than large-cap ones, providing small-caps with the biggest boost since May of this year. Similarly, while individual tech stocks experienced a sell-off, tech ETFs saw the largest capital inflow out of all sectors last week. Small-cap ETFs include Vanguard Small-Cap Index (VSCIX) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

Persons: —, Jill Carey, Goldman Sachs Organizations: Service, Bank of America's, Bank of America, Equity, Business, JPMorgan, Citigroup, Big Tech, Health, Bank of America Investors, Communication, Fidelity MSCI Information Tech, NYSE Technology, Vanguard Infomation Technology, Vanguard

Mortgage rates haven't moved much in recent days, with average 30-year mortgage rates sticking around 6.51% so far this week, according to Zillow data. 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. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.05% this week, according to Freddie Mac data, which is a 12-basis-point decrease from the previous week. As inflation comes down and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates should fall further as well. Now that the Fed has paused hiking rates, mortgage rates have come down a bit.

Persons: Lawrence Yun, Freddie Mac Organizations: National Association of Realtors, Zillow, Federal Reserve, Fed Locations: Chevron

☆ Dollar firms as commodities slide and carry unwinds
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +3 min

Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January. The euro held at $1.0848 in Asia trade and sterling , which could rally if PMIs in Britain surprise to the upside and reduce bets on rate cuts, bought $1.2901. Moves in other pairs were even larger, with the euro dropping 1.3% on the yen overnight and hitting a five-week low of 168.79 yen in Asia. Mexico's high-yielding peso dropped 2% on the yen overnight and the Australian dollar is down almost 6% on the yen in two weeks. The Canadian dollar made a six-week low of C$1.3787 per dollar ahead of a central bank meeting later on Wednesday where markets have priced an 84% chance of a 25 basis point rate cut.

Persons: Jason Wong Organizations: Bank of Japan, U.S ., New Zealand Locations: Europe, Asia, Britain, Japan, Wellington, New Zealand, Australia

☆ A GOP congressman called Kamala Harris a ‘DEI hire.’ Some caution it’s a sign of what’s to come
▼ + stars: | 2024-07-23 | by ( Chelsea Bailey | ) edition.cnn.com time to read: +7 min

CNN —In the first full day of her presidential campaign, Vice President Kamala Harris swiftly earned enough delegates to secure the Democratic nomination and raised a historic $81 million. Before becoming the vice president, Harris had a decades-long career as a prosecutor and was elected to be San Francisco’s district attorney and later California’s attorney general. “Kamala Harris, who was a former district attorney, former attorney general, former United States senator and current vice president is a ‘DEI hire’ in their minds, just because she’s a Black woman,” he said. Burchett’s remarks are “energizing the very voters that Vice President Kamala Harris needs to win,” Carr said. “How does attacking Kamala Harris as a ‘DEI hire’ help to create a single job?

Persons: Kamala Harris, Harris, zeroed, CNN’s Manu Raju Monday, Tim Burchett, Joe Biden, ”, “, Barack Obama’s, “ There’s, Keith Boykin, Black, Mike Johnson, Burchett’s, –, Boykin, Obama, wasn’t, Donald Trump, ” Boykin, “ Kamala Harris, ” Bakari Sellers, CNN’s Jim Acosta, “ I’m, sully, Glynda Carr, Biden, ” Carr, ’, ” Harris, Democratic Party’s, fraudsters, cheaters, Donald Trump’s Organizations: CNN, Democratic, White, Tennessee Republican, Republican “ Southern, Republican, South, National Black Justice Coalition, United, South Carolina Democratic, Higher, Black Americans, Zoom Locations: Francisco’s, United States, Higher Heights, America, Black, Milwaukee

☆ June home sales slump, pointing to a buyer's market as supply increases
▼ + stars: | 2024-07-23 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

"We're seeing a slow shift from a seller's market to a buyer's market," said Lawrence Yun, chief economist for the Realtors. These inventory levels are the highest supply since May 2020, boosted by homes sitting on the market longer. Supply of homes for sale is weakest on the lower end, but is seeing a new surge now. While the sales price nationally is high, new listing prices are lower. Either home sales rise, or, if the prices do not rise, the prices would buckle down," Yun added.

Persons: Lawrence Yun, Danielle Hale, Yun Organizations: National Association of Realtors, Realtors, Realtor.com, Investors Locations: Patchogue, N.Y, Patchogue , New York

☆ The worst may be over for homebuyers
▼ + stars: | 2024-07-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

But there are now signs that maybe, just maybe, the worst could be over for homebuyers. “June, in particular, has started to show the housing market slowing down in favor of buyers,” said Skylar Olsen, Zillow’s chief economist. While the Fed doesn’t directly set mortgage rates, its actions do influence borrowing costs throughout the economy. For the past two years, potential homebuyers have faced a double whammy of high prices and high mortgage rates. “We’re sitting today at probably, if not the worst affordability ever, really close to the worst affordability ever — so we almost have nowhere to go but up,” Sharga said.

Persons: ”, Skylar Olsen, Green, Rick Sharga, CJ Patrick Company, “ We’re, ” Sharga, “, ” Olsen, “ That’s, Sharga, Leslie Heindel, ” Heindel Organizations: CNN, homebuyers, Federal Reserve, Fed, Reserve, CJ, Homes, Wall Street Locations: New Orleans

☆ A 19-year-old real-estate agent has found an ingenious new way to sell homes and make money
▼ + stars: | 2024-07-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Miller, a 19-year-old real-estate agent, takes the viewer on a frantic jog through all three floors of the $3.4 million property. This story is available exclusively to Business Insider subscribers. AdvertisementHe filmed both, but posted the speed tour first later that day. He's traveled to Florida, Virginia, and Maryland over the last three months to film speed tours of homes. AdvertisementHe told Business Insider he's leaving for a trip soon to film speed tours for a vacation rental agency, showing off their luxury villas.

Persons: —, Trenton Miller, Miller, it's, It's, Grant Cardone, homebuyers, — Miller, he'd, He's, he's Organizations: Service, Washington DC, Business, YouTube Locations: McLean , Virginia, Washington, Chambersburg , Pennsylvania, Gettysburg, TikTok, Chambersburg, Annapolis , Maryland, Florida , Virginia, Maryland

☆ It’s too hot to sell a house this summer, some real estate experts say. What home sellers can do
▼ + stars: | 2024-07-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

watch nowOpen houses during the morning, virtual showingsSelling a home during summer with extreme heat will call for more flexibility from sellers, according to experts. If that's the case, offer handheld fans or refreshments can help buyers stay cool, Mainord explained. Make sure the HVAC system is servicedIf you're hoping to sell your home during the summer, make sure the heating, ventilation and air conditioning system in the house is working properly. "We want to make sure that the HVAC systems or units are being serviced, that they're being maintained properly, that they're working properly," said Sanchez. "HVAC systems can be vastly expensive," said Ashton Lawrence, director and senior wealth advisor at Mariner Wealth Advisors in Greenville, South Carolina.

Persons: I've, Sanchez, Terry Mainord, Mainord, Ashton Lawrence Organizations: Mariner Wealth Advisors Locations: Brooklyn , New York, Greenville , South Carolina

Determining your budgetYou can figure out how much house you can afford to buy using our free mortgage calculator. While you may already have an idea of what you think you can afford, you'll need to find out how the bank sees you. It will include a list of all of your finalized closing costs and how much cash you'll need to close. The final walkthroughBefore closing, you'll also get a chance to view the home one more time. How to buy a house FAQsHow much down payment do I need to buy a house?

Persons: You'll, George Chedid, Dana Bull, They're, Bull, you've, Don't, it's, They'll, you'll, they've, Chedid Organizations: Compass, Federal Housing Administration, US Department of Veterans Affairs, US Department of Agriculture, you'll, Homeowners Insurance Allstate, Insurance Locations: Kendall Park , New Jersey, Chevron, Boston

Mortgage rates have steadily been decreasing for several months now. Mortgage rates are determined by a variety of factors, including economic trends, Fed policy, investor demand, and more. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This is a significant slowdown compared when it peaked at 9.1% in 2022, which means mortgage rates should start trending down soon. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they've, Freddie Mac, you'll, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, Sky Locations: Chevron

Some of the most important factors to consider when buying a house are price, size, and location. Location and neighborhoodLocation is something you're stuck with until you move, so be sure you're choosing a city, school district, and neighborhood that suits your needs. If homes are flying off the shelves, you'll need to be prepared to make fast offers that get noticed right off the bat. If the appraisal comes in lower than what you offer, you'll have to make up the difference or renegotiate with the seller. Evaluating a house's resale potential is critical, as you want to be sure you're making a smart investment of your money.

Persons: Glen Pizzolorusso, Hope, that's, they're, it's, you've, they'll, you'll Organizations: Glen Christopher Luxury, Facebook, Energy Locations: Connecticut, Chevron

☆ The luxury handbags most likely to be faked, according to an expert from The RealReal
▼ + stars: | 2024-07-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

The secondhand market has become an increasingly important part of the luxury market, rising to $50 billion last year, according to Bain & Company. But there are dangers to buying on the secondhand market: counterfeit products, which the rise in "dupe culture" has only helped to escalate. Business Insider spoke to Hunter Thompson, the director of authentication and brand compliance at secondhand luxury retailer The RealReal, about the proliferation of increasingly convincing fakes. Advertisement"In 2024, if it can be faked, it's faked," Thompson said. Here are the bags that Thompson said are most commonly faked —and some tell-tale red flags to look out for.

Persons: —, Hunter Thompson, it's, Thompson, Birkin, zippers Organizations: Service, Bain & Company, Business

Understanding the role of a real estate agentWhat does a real estate agent do? To be able to represent buyers and sellers in this process, real estate agents all have to meet their state's requirements for real estate salespeople. Another type of real estate agent you may come across is a real estate broker. Real estate agent vs. RealtorNot all real estate agents are Realtors. How to find a real estate agent FAQsHow many real estate agents should I interview before making a decision?

Persons: that's, they've, you've, It's, you'll, Keller Williams, You'll, they're, I'm Organizations: Realtors, National Association of REALTORS, NAR Locations: Chevron

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