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☆ CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed
▼ + stars: | 2024-11-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Mike Blake | ReutersThis 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 SPDR S&P 500 , an exchange-traded fund that tracks the broad-based index, traded around 22.6% fewer shares than its 30-day average. In fact, traders boosted their bets that the U.S. Federal Reserve will lower rates by 25 basis points at its December meeting. "Today's data shouldn't change views of the likely path for disinflation, however bumpy," said David Alcaly, lead macroeconomic strategist at Lazard Asset Management.

Persons: TKWY, Mike Blake, David Alcaly, Scott Helfstein, Chris Verrone, —, Jeff Cox, Scott Schnipper, Alex Harring, Sean Conlon Organizations: Reuters, CNBC, Dow Jones, Big, Nasdaq, U.S . Federal, Lazard Asset Management Locations: Encinitas , California, U.S, Big Tech

☆ Trump made unprecedented inroads in Silicon Valley this election
▼ + stars: | 2024-11-28 | by ( Rob Price | ) www.businessinsider.com time to read: +4 min

Silicon Valley, long considered a progressive stronghold, has begun to shift toward Donald Trump, according to new voting data analyzed by Business Insider. These numbers show that Trump and Republicans are still a long way off from gaining any real majorities in Silicon Valley. While Elon Musk is based in Texas these days, many of his companies, including Tesla, are still very active in Silicon Valley. Trump, with Musk in support, has promised to cut regulations, which could help Silicon Valley startups grow more quickly. The trend toward Trump in the Silicon Valley electorate mirrors statewide and national trends.

Persons: Donald Trump, Kamala Harris, Harris, Joe Biden, Hilary Clinton, Francisco county's, Trump, Democrat —, Mark Zuckerberg, Marc Andreessen, Ben Horowitz, Horowitz, Elon, Tesla, reelect Trump, JD Vance, Peter Thiel, Ben Narasin, we've, voteshare Organizations: GOP, Business, San, Apple, Google, Nvidia, State, Facebook, Meta, Republican, Trump, Democrat, Democratic, Venture, PayPal, Elon Locations: Santa Clara, San Mateo, San Francisco counties, Silicon, San Francisco Bay, California, San Francisco, San Mateo county, Silicon Valley, Texas, Atherton

☆ Nvidia workforce data explains its meteoric rise
▼ + stars: | 2024-11-28 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Nvidia's median salary now surpasses Microsoft's and other Silicon Valley peers. And Nvidia employees were not nearly the source of fascination and interest they are today. AdvertisementThe data behind the evolution of Nvidia's workforce tells the story of the company's meteoric rise just as well, if not better than the revenue or stock price. Nvidia's workforce has grown nearly 20-fold since 2003Beyond Nvidia's historic rise in market value, the company has a lot to offer employees. But as of January 2024, Nvidia's median salary (excluding the CEO) surpassed Microsoft and has left other tech giants in the dust.

Persons: Jensen Huang, Rev Lebaredian, Huang, Jensen, headcount, Emma, ecosgrove Organizations: Nvidia, Tech, Business, Microsoft, Accenture Locations: Santa Clara , California, Silicon Valley

☆ 5 tech stocks in supply chain management could benefit from Trump's tariffs, Redburn Atlantic says
▼ + stars: | 2024-11-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump's proposed steep tariffs on imports could create winners in the stock market — particularly among companies that help businesses manage their supply chains, according to Redburn Atlantic. The shares of all these global companies are traded in the U.S. and Europe. Trump has proposed tariffs of 25% on all products from Mexico and Canada, and additional tariffs on goods from China. Kinaxis Kinaxis, which helps companies plan their supply chains using digital replicas of physical operations, could also benefit, according to Redburn Atlantic. WiseTech Global WiseTech offers a "high-growth profile" investment opportunity that will benefit from the tariff trend, according to Redburn Atlantic.

Persons: Donald Trump's, Trump, Redburn, Lachlan Brown, Descartes, Kinaxis, Trump's, — CNBC's Michael Bloom Organizations: Descartes Systems, Manhattan Associates, SPS Commerce, WiseTech, Descartes Systems Descartes Systems, Manhattan Associates Manhattan Associates, SPS, Commerce Locations: U.S, Europe, United States, China, Mexico, Canada

☆ CNBC's Inside India newsletter: The causes and costs of India's brain drain
▼ + stars: | 2024-11-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +10 min

(Photo by Sanchit Khanna/Hindustan Times via Getty Images)This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Raj is looking for jobs outside India and says he is "willing to go anywhere and do anything." "My parents took a [1.9 million Indian rupee] ($22,491) loan for my degree, so I studied hard and interned to find a well-paying job quickly," the 27-year-old, told CNBC's Inside India. Speaking to CNBC's Inside India, Ghosh — a professor formerly at India's Jawaharlal Nehru University and currently at the University of Massachusetts Amherst — noted "there is definitely a jobs crisis in India." This shift in perspective has translated to "brain drain," being considered as a "term from the last century," Sunaina Kumar, a senior fellow at think tank the Observer Research Foundation (ORF), told CNBC's Inside India.

Persons: Sanchit Khanna, Raj, Keshav Raj, Anurag Sinha, Sinha, aspirational, Jayati Ghosh, Ghosh —, University of Massachusetts Amherst —, They've, Ghosh, Sundar Pichai, Satya Nadella, Leena Nair, Subrahmanyam Jaishankar, Sunaina Kumar, Kumar, ORF's Kumar, foundit's Sinha Organizations: Hindustan Times, Getty, ., SRM Institute of Science & Technology, United Arab, India, India's Jawaharlal Nehru University, University of Massachusetts Amherst, International Labour Organization, UN, Microsoft, Institute of South Asian Studies, National University of Singapore, Observer Research Foundation, Bank, South Locations: DELHI, INDIA, Anand, New Delhi, India, Indonesia, Tamil Nadu, Canada, Australia, United Arab Emirates, U.S, Europe, Indian

While richer people are expanding their footprint in the holiday travel mix, lower-paid ones are shrinking theirs: Households making under $50,000 are set to make up just 23% of travelers, down from 28% a year ago, Deloitte found. Indeed, the luxury travel network Virtuoso said it’s seen seasonal bookings surge 37% since last year among its high-end clientele. Some 64% of Americans plan to take more than one trip this holiday season, Deloitte found, up from 57% in 2023. “These travel choices may suggest that people are looking to save money, likely choosing cheaper options to keep their travel costs down,” the researchers wrote. Ted Rossman, senior industry analyst for Bankrate, said there are signs that “inflation continues to strain holiday travelers in a big way.” The consumer finance company found 86% of households making less than $100,000 annually expect to change their holiday travel plans due to cost increases (although a hefty 77% of six-figure earners said the same).

Persons: ”, Kate Ferrara, Jan Freitag, Jonathan Kletzel, Hopper, Misty Belles, they’ll, PwC, Ted Rossman, Bankrate, travers Organizations: Deloitte, “, PricewaterhouseCoopers, Shoppers Locations: Mexico, Caribbean, Europe

☆ Cybersecurity has lost some hype but remains longterm trend, says NBPW's Shannon Saccocia
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCybersecurity has lost some hype but remains longterm trend, says NBPW's Shannon SaccociaCrowdstrike falling after 3rd quarter earnings, the Investment Committee debate the future for the stock and search for other opportunities in the cybersecurity sector.

Persons: Cybersecurity, NBPW's Shannon Saccocia Crowdstrike Locations: cybersecurity

☆ Why exchange-traded funds are a 'growth engine' of active management
▼ + stars: | 2024-11-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Meanwhile, active mutual funds lost money in all but one year (2021); they shed $344 billion in the first 10 months of 2024. "We see [active ETFs] as the growth engine of active management," said Bryan Armour, director of passive strategies research for North America at Morningstar. As a result, passive funds have attracted more annual investor money than active funds for the past nine years, according to Morningstar. watch nowBut, for investors who prefer active management — especially in more niche corners of the investment market — active ETFs often have a cost advantage versus active mutual funds, experts said. "They are a tiny portion of active net assets but growing rapidly at a time when active mutual funds have seen pretty significant outflows," he said.

Persons: Tang Ming Tung, Bryan Armour, it's, Morningstar, It's, Jared Woodard, Armour Organizations: Getty, Morningstar, North America, P, Bank of America Securities

☆ CEO says his airline's all-Airbus fleet is a 'better alternative' as rivals struggle with Boeing blues and engine issues
▼ + stars: | 2024-11-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Its CEO told Bloomberg it benefited from engine choices and an all-Airbus fleet. CEO Johan Lundgren spoke to Bloomberg TV on Wednesday as easyJet reported blockbuster earnings. Related VideoThe European budget airline reported a record-breaking summer, with pre-tax profit up by one-third since last year to £610 million ($768.35 million). Earlier this month, Wizz reported its half-year net profit was down 21.3% to 315.2 million euros ($331.4 million). Lundgren told Bloomberg TV the airline had 16 deliveries this financial year rather than the 19 it expected.

Persons: Wizz, easyJet, Johan Lundgren, Lundgren, we've, Pratt & Whitney Organizations: Bloomberg, Airbus, Boeing, Ryanair, Pratt & Whitney, Bloomberg TV, Wizz, Europe's, Alaska Airlines, Pratt &, CFM

☆ On Thanksgiving 30 years ago, I gave up turkey and haven’t looked back
▼ + stars: | 2024-11-27 | by ( David Allan | Essay David G. Allan | ) edition.cnn.com time to read: +6 min

CNN —At a Thanksgiving gathering three decades ago, I went cold turkey on eating meat. “To quote George Bernard Shaw,” I announced, “‘Animals are my friends, and I don’t eat my friends.’”No one else made a toast. And over the past three decades, vegetarian options on restaurant menus have grown alongside my palate. The world is getting more culinarily progressiveBefore I got married, my in-laws thought I was a little odd for not eating meat. “I eat very little meat,” I’ve heard thousands of times after I say I’m vegetarian.

Persons: I’m, George Bernard Shaw, ”, ’, nonvegetarians, vegans, fruitarians, hasn’t, ” I’ve Organizations: CNN Locations: Mongolia, Maryland

But investors see Bessent as a smart pick for Treasury secretary, and this sentiment sent bond yields — and therefore mortgage rates — lower. But mortgage rates are still elevated compared to where they've been in the last few months. 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. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are still elevated, but over time they should ease as the Fed lowers rates.

Persons: Scott Bessent, they've, Donald Trump's, Freddie Mac Organizations: Treasury, Mortgage Research Center, Mortgage, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed Locations: Chevron

☆ A way to get long Nvidia on the dip with less risk using options
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +3 min

Following its latest earnings report, which exceeded expectations across all key segments, NVDA is trading at a compelling valuation relative to its peers. From a technical perspective, the recent pullback after the earnings report provides an attractive entry point for bullish exposure with strong risk/reward potential. Its 56% net margin significantly surpassing competitors which highlight why NVDA deserves its premium valuation while still offering substantial upside potential. The trade offers a 2:1 reward-to-risk ratio, providing a favorable way to participate in NVIDIA's expected upside while limiting downside exposure. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: NVDA, Max Organizations: Nvidia, Blackwell, CNBC, NBC UNIVERSAL Locations: OptionsPlay

☆ 5 of the top business schools enrolled fewer minorities in the year since affirmative action was overturned
▼ + stars: | 2024-11-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Five of the most prestigious business schools in the US enrolled fewer underrepresented minority students this year, according to demographic data released since the Supreme Court overturned affirmative action last summer. Of those 15, six saw a notable increase in the number of underrepresented minority students represented in their matriculating 2024 classes, Bloomberg found. 7-ranked Wharton saw its share of underrepresented minorities dip 2% with this year's cohort, while No. MIT Sloan's share of underrepresented minority students in this year's entering class fell 5.7% from the Class of 2025's 14.2 minority makeup. AdvertisementFor example, Duke's Fuqua School of Business and UC Berkeley's Haas School of Business both reported an 8.2% increase in the share of underrepresented minorities enrolled this year.

Persons: —, Bloomberg, Wharton, Kellogg's, Kellogg, MIT Sloan's, Duke's Organizations: Bloomberg, Pacific Islander, Harvard Business School, The University, Pennsylvania's Wharton School, Stanford Graduate School of Business, Northwestern's Kellogg School of Management, MIT Sloan School of Management, Harvard, Kellogg School of Management, MIT, Duke's Fuqua School of Business, UC Berkeley's Haas School of Business

☆ Kamala Harris' team wanted her to go on 'Hot Ones'. The show said no.
▼ + stars: | 2024-11-27 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

AdvertisementKamala Harris' campaign sought an appearance on "Hot Ones," but the show declined. Harris campaign officials said "Hot Ones" didn't want to delve into politics. Vice President Kamala Harris' campaign wanted her to appear on the popular internet show "Hot Ones," but the show declined, campaign officials said. He asked why that may not have happened, citing "Hot Ones" as an ideal fit for the vice president. Advertisement"Never in time has there been a candidate better suited for a podcast than Kamala Harris on 'Hot Ones,'" he said.

Persons: Kamala Harris, Harris, Dan Pfeiffer, Jen O'Malley Dillon, Walz, Quentin Fulks, Stephanie Cutter, David Plouffe, Pfeiffer, Barack Obama, Bowen Yang, Paul Mescal, Jimmy Fallon, Donald Trump, Joe Rogan, Trump, Rogan, Plouffe Organizations: Democratic, Business Locations: Texas, Austin

☆ Kamala Harris' team wanted her to go on 'Hot Ones.' The show said no.
▼ + stars: | 2024-11-27 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

☆ Walmart is ramping up its efforts to get you to shop on your TV this holiday season
▼ + stars: | 2024-11-27 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

It's ramping up its efforts this holiday to get people to shop while watching TV. Walmart is making its biggest push yet this holiday season to get people to shop while watching TV by debuting its first feature-length movie. Walmart didn't share specific results of last year's experiment but made some key tweaks this time around:AdvertisementFirst, "Jingle Bell Love" is a feature film. Add the fact that shoppable TV doesn't always fit neatly into ad agencies' buying practices, and it's been slow to take off. Walmart"Jingle Bell Love" isn't the only way Walmart will try to get people to shop from their TVs this holiday season.

Persons: It's, Jack Cooper, Joey McIntyre, Michelle Morgan, it's, Aimee Roesler, NBCUniversal, there's, Chris Vollmer, UTA's MediaLink, Roku, we've, Roesler, Gilmore, Stuart Little Organizations: Walmart, CMT, Paramount, YouTube Locations: Walmart.com

☆ Soft landing? Not so fast: Inflation heated back up in October
▼ + stars: | 2024-11-27 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —The Federal Reserve’s favored inflation gauge just moved in the wrong direction. The Personal Consumption Expenditures price index rose 2.3% in October from the year before, accelerating from the 2.1% pace notched in September, according to Commerce Department data released Wednesday. On a monthly basis, prices rose 0.2%, matching the gain seen in September. Inflation within the services sector drove much of the monthly increase, as those prices rose 0.4% from September, while goods prices ticked up by 0.1%. Wednesday’s inflation readings were exactly what economists had anticipated: Consensus estimates called for a 0.2% monthly increase and for the annual rate to climb to 2.3%, according to FactSet.

Persons: Donald Trump, —, We’re, Gus Faucher, “ Organizations: CNN, Federal, Commerce Department, PNC Financial Services Group, CNN Business

For the past year, comparing short-term CD rates vs. long-term CD rates showed that short-term CDs had better rates overall. Even the best long-term CD rates were starting to dip under the 4% mark, going into the 3.90% APY range. For example, Synchrony Bank's best CD rate is the Synchrony 9 Month CD, which offers 4.05% APY. Long-term CD rates are still lower than short-term CD rates overall. If the risk of incurring early withdrawal penalties in a long-term CD is too much, you can open a CD ladder with a long-term CD in it to mitigate that risk.

Persons: Synchrony, we're, Jerome Powell, Donald Trump, Kit Pulliam, They’ve, Kit Organizations: Federal Reserve, America First Credit, Credit Union, Dow Credit Union, Federal, Pulliam, Business, Tax, MSN, Vanderbilt University Locations: America

☆ Abortions increase after Roe overturned and Mario Andretti talks new Formula 1 team: Morning Rundown
▼ + stars: | 2024-11-26 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +9 min

And former racing champ Mario Andretti shares early ideas for his new Formula 1 team. The much-anticipated decision comes after a yearlong saga marked by drama and bitter tensions between F1 and Andretti Global, led by former world champion Mario Andretti. Sahil Kapur, an NBC News senior politics reporter and F1 enthusiast, spoke exclusively to Mario Andretti about his ambitions for the new team. The one thing Mario, America’s last former F1 champion, hasn’t done is build an F1 team. Read more about Sahil’s exclusive interview with Mario Andretti.

Persons: Donald Trump’s, Roe, Wade, Mario Andretti, Donald Trump, Matt Gaetz, Gaetz, Tulsi Gabbard, Trump, Pete Hegseth, Robert F, Kennedy Jr, They’ll, JD Vance, ’ outspokenness, Sen, Susan Collins, John Thune of, Mitch McConnell, Xinyue Chen, Aria Bendix, Mario Andretti’s, Gary Mook, Sahil Kapur, 🏎️, rama, astation in Organizations: Republicans, Justice Department, Senate Republicans, Senators, Republican, Trump, NBC, Guttmacher Institute, Indianapolis, Indianapolis Star, USA, GM, Cadillac, Andretti Global, NBC News Locations: Washington, Russia, Maine, John Thune of South Dakota, U.S, Illinois, Dutch

☆ Does the United States Have an Infertility Crisis?
▼ + stars: | 2024-11-26 | by ( Dani Blum | ) www.nytimes.com time to read: +1 min

It’s become a popular talking point among some of President-elect Trump’s most prominent supporters: America has an infertility problem. “Why are so many couples infertile?” Robert F. Kennedy Jr., Mr. Trump’s nominee to lead the Department of Health and Human Services, asked in a September post on the social media site X. Dr. Casey Means, a former surgeon and health influencer who has advised Mr. Kennedy, has called infertility a “crisis.”And Mr. Trump himself has said he would task Mr. Kennedy with investigating “the decades-long increase in chronic health problems,” including infertility, or the medical inability to conceive. Like people in many other developed regions across the globe, Americans are having fewer children now than before — a demographic trend that has alarmed some conservatives in particular. Some of that is likely a result of social and economic factors, like steep child care costs, housing prices and more people choosing to forgo starting families.

Persons: It’s, Trump’s, Robert F, Kennedy Jr, Casey Means, influencer, Kennedy, Trump Organizations: America, Department of Health, Human Services

☆ ‘Demure’ is Dictionary.com’s 2024 word of the year
▼ + stars: | 2024-11-26 | by ( Karina Tsui | ) edition.cnn.com time to read: +4 min

CNN —“Demure,” a word that went viral over the summer, has been named Dictionary.com’s 2024 word of the year — beating out other contenders like “brainrot,” “brat,” and “weird.”In an announcement Monday, the site said that the word experienced a “meteoric rise in usage” in 2024 — up 1,200% between January and August — a spike that was largely attributed to TikToker and beauty influencer Jools Lebron’s popularization of the phrase “very demure, very mindful” in a series of satirical videos that shook the internet. “That’s the joke!”The satire is clearest in a clip in which the TikTok star asserts that she’s going to behave in a demure, mindful way while going out on the Las Vegas Strip. I don’t dog-ear pages, I put in a bookmark,” RuPaul said in a video promoting online bookstore Allstora. Lebron, who is transgender, said that the fame from her “demure” videos has helped her finance the rest of her transition. “Brat,” another word that has taken on new meaning in 2024, was named Collins Dictionary’s word of 2024 for being one of the most talked about words on and offline.

Persons: “, ”, Lebron, Marge Simpson, Patty, Selma, Demure, ” Dictionary.com, she’ll, Kim Kardashian, Jennifer Lopez, RuPaul, Kardashian, Patrick Ta, Jimmy Kimmel, Dictionary.com, Collins Organizations: CNN, Las Locations: “, ”

☆ This under-the-radar tech stock could be due for a comeback. How to play it with options
▼ + stars: | 2024-11-26 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Observably, both DI- and DI+ are reversing course, suggesting an early sign of a trend change. Support/Resistance Beyond technical indicators, traditional support and resistance levels further validate this trade setup. OLED has shown strong support at the 160 level, with the stock rebounding from this area, reinforcing the bullish case. To take a bullish trade on OLED, I'm using a trade structure called a "bull call spread." If OLED keeps going up from here and the stock price is above $170, a 170-175 call spread is also a feasible trade setup.

Persons: OLED Organizations: Dow Jones, Trump, Display Corp, DI, CNBC, NBC UNIVERSAL Locations: OLED

☆ British Airways reveals new A380 superjumbo first class seat design
▼ + stars: | 2024-11-26 | by ( Francesca Street | ) edition.cnn.com time to read: +6 min

This luxury is set to be taken to new heights on British Airways superjumbos, as the airline just unveiled a fresh design for its first class airplane seat, set to launch on BA’s A380 planes in 2026. CNN Travel was among the first to try out British Airways’ new cabin product during an unveiling at the airline’s London headquarters. British Airways suggests the wardrobe eliminates the need for overhead storage, which (perhaps controversially) won’t be a component of these new first class cabins. Each first class seat also features a 32-inch 4K inflight personal entertainment screen and adjustable mood lighting, including a “cinema” mode. Future of first classWhile British Airways is investing in its premium cabins, some airlines are moving away from first class.

Persons: United Kingdom CNN —, won’t, Calum Laming, “, ” Laming, Laming, you’re, there’s, ”, CNN’s Tamara Hardingham, Gill Organizations: CNN, United Kingdom CNN, Airbus, British Airways superjumbos, CNN Travel, British Airways, British Airways British Airways, American Airlines and United Airlines, Singapore Airlines Locations: London, United Kingdom, Concorde, Emirates, Johannesburg, Miami, Singapore, Los Angeles, San Francisco, Boston

☆ Why are planes so jammed? Airlines want it that way so they can charge more
▼ + stars: | 2024-11-26 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

A record 31 million passengers are expected to fly US airlines over the course of this week, according to Airlines for America, the industry trade group. And while many airlines have increased the available number of flights and seats, those capacity increases have not kept pace with demand. With some of the busiest months yet to come, a new record for the percentage of seats airlines’ filled is within reach. Airlines are signaling prices will probably go higher as some of the lower-fare airlines struggled with ongoing losses and sharply reduced their capacity. But critics of the airlines say troubles at the lower fare airlines aren’t solely to blame for higher fares.

Persons: it’s, Fuller, —, ”, Scott Keyes, Andrew Nocella, “ We’ve, Scott Kirby, William McGee, It’s, ” McGee, “ Organizations: New, New York CNN, Airlines for America, Spirit Airlines, Southwest Airlines, JetBlue Airways, Spirit, JetBlue, Frontier, American Economic Liberties Locations: New York, Cirium, Southwest, Delta, United States, United

☆ These two gambling stocks are undergoing impressive upside breakouts, according to the charts
▼ + stars: | 2024-11-26 | by ( David Keller | ) www.cnbc.com time to read: +4 min

With former high-flying gambling stocks struggling so far in the fourth quarter, it's tempting to write off the entire group. MGM is only up about 10% since the August market low, and CZR is slightly above the S & P 500 in terms of performance. Over the same period, we can see that DraftKings Inc (DKNG) is up around 35%, doubling the return of the S & P 500. FLUT has now made a new 12-month relative high, as the strong performance in Q4 has outpaced other gambling stocks as well as the major equity benchmarks. As long as these two gambling stocks continue to demonstrate strong relative strength characteristics, we feel they represent excellent opportunities into year-end 2024.

Persons: FLUT, David Keller Organizations: Caesars Entertainment, MGM Resorts International, MGM, Nasdaq, CMT, CNBC, NBC UNIVERSAL

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