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☆ How Ford can challenge a powerful Chinese EV maker's potential entrance in the U.S.
▼ + stars: | 2024-02-27 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

Forget Tesla , the real competition in electric vehicles is low-cost Chinese automakers. Farley wants to be prepared even if the U.S. government were to step in to curtail Chinese automakers' access. Outlook Ford investors shouldn't be concerned in the short term since Chinese EV competitors won't enter the market overnight. To that end, a group of lawmakers has urged the White House to boost tariffs on Chinese vehicles and figure out a way to be "prepared to address the coming wave" of Chinese vehicles by way of U.S. other trading partners. The cost of production will become more efficient, resulting in a more competitive and hopefully profitable Ford EV product.

Persons: Forget Tesla, Jim Farley, BYD, Ford, Farley, —, Warren, Berkshire Hathaway, Morgan Stanley, I've, Tom Narayan, Stellantis, Narayan, Tesla, Jim Cramer, Jim, It's, RBC's Narayan, Ford's Farley, Wolfe, Jeff Windau, Edward Jones, shouldn't, Biden, Windau, doesn't bode, Jim Cramer's, Charly Triballeau Organizations: Nikkei, Wolfe Research, Ford, RBC Capital Markets, U.S, EV, Detroit, General Motors, Chrysler, Ford Blue, Ford Pro, Ford Model, CNBC, ICE, Ferrari, North, Outlook, Bloomberg, Ford EV, American EV, AFP, Getty Locations: U.S, Mexico, China, Europe, Indonesia, Hungary, Thailand, Inwood , New York

☆ History shows the best trade has usually been to buy the stock getting kicked out of the Dow Industrials
▼ + stars: | 2024-02-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

If history is any guide, Walgreens Boots Alliance may fare better after getting tossed from the Dow Jones Industrial Average . In fact, data shows that betting on a stock that's leaving the Dow is often a better trade for investors than buying shares of a stock that's entering the 127-year-old average. What history shows Alcoa was the best-performing stock among the last 10 outgoing Dow members. For example, Honeywell International surged more than 40% one year after joining the Dow, while UnitedHealth rallied nearly 28%. General Electric , the last of the original 12 Dow stocks, plunged about 58% one year after leaving the average in 2018.

Persons: bode, Ned Davis, Goldman Sachs, —, Amgen —, UnitedHealth, DuPont de Nemours, Fred Imbert Organizations: Walgreens Boots, Dow Jones, Walgreens, Dow, General Electric, WBA, CNBC Pro, Ned Davis Research, NDR, Alcoa, HP, Bank of America, Nike, Visa, RTX Corporation, Exxon Mobil, Pfizer, Apple, Honeywell International, DuPont de Locations: U.S

Analyst Mike Mayo assigned an overweight rating and $70 price target, which suggests more than 25% upside for shares. Analyst Bill Katz raised his price target by $14 to $128 on the outperform-rated company, which has seen roughly 74% share price growth over the past year. He upped his price target by $25 to $350, implying roughly 19.5% upside for the company, which will report fiscal fourth-quarter results on Wednesday. "While LT debates around monetization and competition have yet to be resolved, we think risk-reward now skews attractive given an improving cloud demand backdrop." It also raised its price target to $86 from $75, but the new forecast still implies downside of more than 13% going forward.

Persons: Morgan Stanley, HashiCorp, Wells, Mike Mayo, Mayo, — Pia Singh, TD Cowen, Cowen, Bill Katz, Katz, Jefferies, Brent Thill, Thill, Salesforce, bode, Sanjit Singh, Singh, Yifeng Liu, Fred Imbert Organizations: CNBC, HSBC, Moderna, Citigroup, Citi, Discover Financial Services, KKR, Salesforce, HSBC downgrades Moderna, Merck & Co Locations: Wells, monetization

Polls in the states she is expected to visit this week, including Colorado, Minnesota, North Carolina, Utah and Virginia, show her lagging far behind Mr. Trump. Hours before the last ballots were cast in South Carolina, Ms. Haley appeared to suggest a winding down could be in sight. The rest will be allotted at its convention on Saturday in a process likely to advantage Mr. Trump. Mr. Trump focused on the voting in Michigan in his efforts to subvert the 2020 election. Mr. Trump has since maintained a chokehold on the state’s Republican Party, as it has fallen into a political maelstrom of warring factions.

Persons: Nikki Haley, Donald J, Trump, Haley, ”, Joseph R, Biden, Richard Czuba, Haley’s, Koch, bode, “, Denise McDonald, Biden’s, “ He’s, “ We’re, Nicole Craine, Dennis Darnoi, Darnoi, Donald Trump, ” Mr Organizations: Republican, Democratic, PAC, Prosperity, Michigan Republicans, Trump, Biden, Republican National Committee, Mr, The New York Times Michigan, state’s Republican Party, Liberal, Hamas Locations: Michigan, Detroit, South Carolina, Troy, Mich, Lansing, New Hampshire, Colorado , Minnesota, North Carolina , Utah, Virginia, Kiawah, Israel

☆ At CPAC, Trump’s potential running mates compete to prove their loyalty
▼ + stars: | 2024-02-24 | by ( Steve Contorno | ) edition.cnn.com time to read: +10 min

Former Democratic Rep. Tulsi Gabbard of Hawaii claimed not to know that attendees could choose her in a poll to pick Trump’s potential running mate, while South Dakota Gov. The jockeying to become Trump’s vice presidential pick, playing out behind the scenes for weeks if not longer, spilled into the open at this week’s CPAC, the country’s annual gathering of conservatives. The various approaches to campaigning for the job were on full display inside CPAC, and it’s uncertain which will win over Trump. “Last year, when everyone was asking me if I was going to consider running for president, I said no. “Because anything could happen to Trump.”But he conceded it was a fool’s errand trying to guess whom Trump might pick.

Persons: Elise Stefanik, Donald Trump, Byron Donalds, Tulsi Gabbard, Kristi Noem, Vivek Ramaswamy, Ohio Sen, JD Vance, Ben Carson, Kari Lake, Trump, Carson, “, CPAC, ” Donalds, he’s, ” Matt Schlapp, Newsmax, Schlapp, ” Trump, Ron DeSantis, ”, South Carolina Sen, Tim Scott, Scott, upstage Trump, Mike Pence, podcaster, Steve Bannon, ” Gabbard, Joe Biden, ” Stefanik, unapologetically, “ Trump, Elise, Donald J, Ramaswamy, who’s, ” Noem, Edward X . Young, Donald, Donalds, Bode Brewer, “ I’m, Genilde Guerra, ” Trump’s, Philip Whitby, “ It’s, “ Trump’s, ” Whitby Organizations: Harbor , Maryland CNN, Conservative Political, New York, Republican, Florida Rep, GOP, Democratic, South Dakota Gov, Gaylord, Resort, Urban, Trump, American Conservative Union, Fox News, Florida Gov, Indiana, Democratic Party, White, Biden Locations: Harbor , Maryland, Florida, Hawaii, Ohio, Arizona, America, South Carolina, Manhattan, Washington, Trump, New York, Iowa, United States, Brick , New Jersey, Reading , Pennsylvania, Genilde Guerra of Miami, Winter Park , Florida

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

☆ Novavax to settle dispute over canceled Covid vaccine purchase agreement
▼ + stars: | 2024-02-22 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Novavax on Thursday said it will settle a bitter arbitration dispute with Gavi, a nongovernmental global vaccine organization, over a canceled Covid vaccine purchase agreement. In 2022, Novavax terminated a purchase agreement with Geneva-based Gavi. Under the settlement, Novavax has paid an initial $75 million to Gavi and will make deferred payments of $80 million each year through Dec. 31. Analysts had previously told CNBC that Novavax could "be in trouble" if the arbitration forced it to pay the full $700 million to Gavi in 2023.

Persons: Novavax, Gavi, bode, David Marlow Organizations: Dutch Health Service Organization, CNBC Locations: The Hague, Netherlands, Geneva, Novavax

NEW YORK (AP) — Paramount Pictures’ Bob Marley biopic “Bob Marley: One Love” outperformed expectations to debut at No. But on a weekend that was once expected to go to “Madame Web,” “One Love” emerged as the much-preferred option in theaters, despite largely poor reviews. Over six days, Sony is estimating a $15.2 million weekend and a six-day $25.8 million haul. “Madame Web” still couldn’t come close to the $39 million domestic opening weekend for “Morbius.” In 61 overseas markets, “Madame Web” added $25.7 million. The 2024 box office has gotten off to a sobering start for Hollywood, and the disappointing result for “Madame Web” won’t help.

Persons: Bob Marley, Sony’s, ”, Kingsley Ben, Marley, Elvis, Chris Aronson, Bob Marley’s, Aronson, “, Reinaldo Marcus Green, Ziggy, Rita, Ziggy Marley, bode, Madame, Dakota Johnson, Paul Dergarabedian, Morbius ”, Morbius, Annie Awards, —, Annie, Moviegoing, Comscore, “ Wonka, “ Lisa Frankenstein, Jake Coyle Organizations: — Paramount, ” Paramount, President’s, Paramount, Rotten, Sony, Academy, Hollywood Locations: Jamaica, New York, “

☆ Nvidia gets a $1,200 price target from Loop Capital, 65% above current price
▼ + stars: | 2024-02-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Nvidia 's powerhouse run is far from over, according to Loop Capital. Analyst Ananda Baruah initiated coverage of the chipmaker with a buy rating and Wall Street price target high of $1,200, representing 65% upside from Thursday close. NVDA 1Y mountain Nvidia shares over the last year "We're gonna party like it's 1995!" Underpinning Baruah's price target is the belief that Nvidia is at the "front end" of a multiyear cycle as hyperscalers transition to greater graphics processing unit compute. Heightened IT spending and budgets as companies hunt for ways to harness AI as they convert more data to the cloud should also bode well for Nvidia, Baruah said, noting that budgets are expected to increase to 45% from 30% in 2023.

Persons: Ananda Baruah, We're, bode, Baruah, — CNBC's Michael Bloom Organizations: Nvidia, Capital, AMD

☆ 30-year mortgage rate rises to the highest level in 2 months
▼ + stars: | 2024-02-14 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

The 30-year fixed mortgage rate spiked to 6.87% in the last week, the highest level in two months. Elevated borrowing costs for prospective buyers sent mortgage applications lower. A hot inflation report for January is likely to keep borrowing costs elevated as the Fed stays hawkish. The 30-year fixed mortgage rate jumped to 6.87% in the week ending February 9th, marking the highest level since early December 2023's average of 6.43%, according to Mortgage Bankers Association data released on Wednesday. AdvertisementThe uptick in mortgage rates reversed the declines seen over the past few months.

Persons: —, Joel Kan, bode, Redfin Organizations: Service, Mortgage Bankers Association Locations: American

☆ Why the Year of the Dragon doesn't bode well for China’s declining population
▼ + stars: | 2024-02-14 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

In this zodiac cycle, those born between Feb.10, 2024 and Jan. 28, 2025 will be classified as "Dragon babies." While people in China also hold these beliefs, birth rates in the country have actually fallen during the "Dragon Years." For instance, Singapore's birth rates rose by 21% in 1988, and 8% in 2000 and 2012. Asian folklore, however, may not be able to do much for China's falling birth rates, which could continue to drop "quite precipitously," Tay warned. China's birth rates have seen a secular decline, falling to 6.39% in 2023 from 22.37% in 1988.

Persons: Jacelyn Phang, feng, Yuan Zhong Siu, Phang, Erica Tay, Maybank, Tay, Tianchen Xu Organizations: CNBC, The Economist Intelligence Locations: China, Asia

☆ The conviction of Jennifer Crumbley, mom of Michigan school shooter, should put parents of kids with access to guns on alert
▼ + stars: | 2024-02-06 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn an unprecedented verdict on Tuesday, Jennifer Crumbley was found guilty for her son's 2021 rampage that left four of his Michigan classmates dead. And the verdict should put parents on alert that they, too, could be held criminally responsible for the heinous acts of their children who have easy access to guns. Prosecutors painted Jennifer Crumbley as an unaware and negligent mother who was consumed with an extramarital affair . Kris Brown, the president of Brady, a non-profit working to prevent gun violence, said that "irresponsible behavior" like that of Jennifer Crumbley "is why 76% of school shooters under the age of 18 get their firearms from home."

Persons: —, Jennifer Crumbley, it's, Neama Rahmani, James Crumbley, Rahmani, Karen McDonald, Hana, Juliana, Justin Shilling, Madisyn Baldwin, Mark Bederow, Bederow, Jennifer Crumbley's, bode, Kris Brown, Brady, Brown Organizations: Service, Business, West, Prosecutors, Tate, Defense Locations: Michigan, America, United States, Oakland, Hana St, Manhattan

☆ We could have a new member of the $2 trillion market cap club this week
▼ + stars: | 2024-01-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

On Monday, Alphabet closed at a market capitalization of $1.91 trillion, less than $100 billion away from a $2 trillion market cap and trailing Microsoft and Apple with market capitalizations last at $3.03 trillion and $2.91 trillion, respectively. Beyond Alphabet Alphabet is close to entering the $2 trillion club, but other prominent mega-cap tech companies are making progress, too. Amazon's market cap finished Monday at $1.64 trillion. The managing partner also sees Meta Platforms as a future $2 trillion market cap candidate. The maker of sophisticated graphics processing units reached a $1 trillion market cap for the first time only in 2023, when it climbed almost 240%.

Persons: Paul Meeks, Meeks, Merrill Lynch, bode, Gene Munster, Dan Ives, Ives, they're, Deepwater's Munster, Wedbush's Ives, Jensen Organizations: Microsoft, Apple, Merrill, Merrill Lynch Investment, Deepwater Asset Management, Amazon Web Services, Munster, Nvidia Locations: U.S

☆ Costco CFO says China has huge potential as he gives us a peek at international expansion plans
▼ + stars: | 2024-01-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

The world's second-largest economy has "very good potential" for Costco expansion, CFO Rich Galanti told CNBC. In an interview with Galanti, the warehouse club's numbers cruncher gave CNBC a glimpse at Costco's longer-term expansion plans. Costco plans to open one more China location this calendar year after the debut earlier this month of the store in the southern Chinese city of Shenzhen. Costco's international segment "continues to grow as a percent of the store base," he told CNBC. Shoppers queue in the parking lot to enter the Costco Wholesale Corp. store in Shenzhen, China, on Sunday, Jan. 14, 2024.

Persons: Rich Galanti, Galanti, Craig Jelinek, Jim Cramer, We've, Jelinek didn't, Ron Vachris, signups, Phillip Blee, William Blair, Blee, cardholders, Corey Tarlowe, Tarlowe, Michael Baker, Davidson, Kirkland, bode, Jim Cramer's, Jim, Qilal Shen Organizations: Costco, CNBC, cruncher, Disney, Jefferies, D.A, Kirkland, Tarlowe, Shoppers, Costco Wholesale Corp, Bloomberg, Getty Locations: Shenzhen, China, Canada, North America, United States, Mexico, South America, Shanghai, U.S, —

☆ These are the 7 healthcare startups primed to IPO when the market reopens
▼ + stars: | 2024-01-29 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +2 min

Only one digital health startup went public in the US in 2022 — digital therapeutics company Akili Interactive, whose shares have since crashed a whopping 97%, per MarketWatch. Not a single healthcare startup went public last year. ArriVent Biopharma went public a few days later, bringing in $175 million. AdvertisementIndustry experts remain skeptical about whether the public markets will be ready for a successful healthcare IPO this year. Business Insider has identified seven startups that could be considering an IPO as the markets reopen, based on conversations with top VCs and bankers and public filings.

Persons: —, Metagenomi, ArriVent Biopharma Organizations: Service, Business, Akili Interactive, Alto Neuroscience, Oncology, BrightSpring Health Services, KKR, Walgreens, Industry

☆ Opinion: Why Ron DeSantis turned out to be a loser
▼ + stars: | 2024-01-29 | by ( Opinion Ilene Prusher | ) edition.cnn.com time to read: +8 min

Ron DeSantis was touted as a rising star with a clear path leading to the Republican nomination in 2024 and possibly into the White House itself. DeSantis also championed the policies that Trump voters claimed to want more of, like a hard line on abortion, expanded gun access and removing progressive prosecutors. The thing that DeSantis didn’t have over the billionaire reality TV star-turned-president – Trump’s personality – turned out to be a fatal flaw. Marco Rubio and Rick Scott – were unwilling to lend their support to DeSantis’ flailing campaign, endorsing Trump instead. Or one could look at DeSantis’ charmless offensive and conclude that his presidential ambitions will never be more than that – ambitions.

Persons: ”, “ Donald Trump, Ron DeSantis, Prusher Jordana Miller, DeSantis, –, Joe Biden, Scott Maxwell, “, “ Ron DeSantis ’, Mickey Mouse, ” Ana Navarro, Gary Fineout, Trump, Ron DeSanctimonious, doesn’t bode, Brandon Girod, Democrat Andrew Gillum, Joseph Ladapo, Marco Rubio, Rick Scott –, ’, Hillary Clinton, Barack Obama –, Clinton Organizations: Florida Atlantic University, CNN, New, Florida Gov, Republican, Harvard Law School, Yale University, Trump, Orlando Sentinel, Disney, Business, POLITICO, Florida Republicans, DeSantis, White, Pensacola News, Democrat, Sens, Democratic, Twitter, Facebook Locations: Florida, Iowa, New Hampshire, Miami, POLITICO Florida, Tallahassee, Sunshine

☆ Earnings playbook: Your guide to the busiest week of the reporting season
▼ + stars: | 2024-01-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

What history shows: GM beats earnings estimates 87% of the time, according to data from Bespoke Investment Group. Alphabet is set to report earnings after the close. What history shows: Alphabet averages a 1.45% gain after reporting earnings, Bespoke data shows. What history shows: Amazon exceeds earnings expectations 63% of the time, according to Bespoke. What history shows: Meta shares have risen in three of the last four earnings days, per Bespoke, including a 23.3% rally.

Persons: Bard chatbot, Gus Richard, David Palmer, Palmer, MSFT, Jordan Novet, bode, Leslie Josephs, Max, Alaska's, AAPL, AMZN, Mark Zuckerberg Organizations: Meta, Apple, ., Motors, CNBC, Tuesday, United Auto Workers, LSEG, Investment, AMD, Starbucks, Microsoft, Management, Wednesday Boeing, Alaska Airlines, FAA, Boeing, United Airlines, Web, Mizuho Securities, Nvidia Locations: Northland, China, Alaska

☆ Your 401(k), gas prices and homes: 3 surprising reasons to be happy — for now
▼ + stars: | 2024-01-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Consumer sentiment is surging. A tough housing market and exorbitant child care costs continue to bedevil budgets, but the inflation pendulum is finally swinging in the other direction. A slowly improving US housing marketAmerica’s housing market is still tough, but there are some subtle signs of improvement. Builder confidence surged in January, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index, climbing seven points to a reading of 44. It’s unclear when the Fed will begin to cut rates, and how many cuts there will ultimately be this year, but rate cuts in general mean even lower mortgage rates, further improving affordability.

Persons: vibing, aren’t, it’s, Anna Rathbun, ”, isn’t, bode, Joe Biden’s, ” James McCann, Biden, Alicia Huey Organizations: Washington CNN, Big Tech, Dow Jones, Nasdaq, CBIZ Investment Advisory Services, CNN, Fed, Apple, Meta, Microsoft, Nvidia, Tesla, of Michigan’s, AAA, National Association of Home Builders Locations: Wells Fargo

☆ Opinion: Donald Trump wins against Nikki Haley, but loses it
▼ + stars: | 2024-01-24 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +24 min

The problem with this approach is that most Republican voters do not want an alternative to Trump; they overwhelmingly back him. At least that’s what the Nikki Haley campaign said after finishing second to former President Donald Trump in the New Hampshire primaries on Tuesday. Democratic nominee Bill Clinton and third-party candidate Ross Perot exploited that division in the Republican Party against Bush in the fall. The Republican Party is united behind Trump, and with optimal conditions for an opponent like Haley, Trump was still unstoppable. “Democrats deserve options, and it’s not clear at all that President Biden can beat Donald Trump.

Persons: Raul A, Reyes, Nikki Haley’s, Nikki Haley, Donald Trump, bode, Reyes CNN Haley, Trump, Haley, “, CNN’s Dana Bash, That’s, it’s, Trump …, Nikki, –, She’s, Paul Begala, Donald Trump’s, Paul Begala CNN Trump, Joe Biden, Reagan, Bush, Bill Clinton’s, Clinton, Ana Marie Cox, Ana Marie Cox Faith Fonseca, ” Trump, Biden, Jamal Simmons, Biden’s, he’s, Dean Phillips, Jimmy Carter, Edward Kennedy, Kennedy, Carter, Republican Ronald Reagan, George H.W, Pat Buchanan, Bill Clinton, Ross Perot, Eugene McCarthy’s, Lyndon Johnson, Marianne Williamson, Sen, Bernie Sanders, Pramila, Kamala Harris, Daniel McCarthy, John McCain, George W, Ron DeSantis, Biden —, ”, Rizwan Virk, Williamson, Sanders, Andrew Yang, Dean Philips, Yang, ” Rizwan Virk, Patrick T, Brown, Barack Obama, Dozens, Scott Walker, Jeb Bush, South Carolina Sen, Tim Scott, Texas Sen, Ted Cruz, Florida Sen, Marco Rubio, John Kasich, Cruz, Sophia A, DeSantis, Nelson Stephanie Honikel, Harris, Nelson, Tuesday’s, Phillips ’, Phillips, Arick, Michael Bloomberg Organizations: CNN, GOP, South Carolina Gov, Republican, Reyes CNN, Trump, Independents, Polling, White, USA, Twitter, New, South, Biden, diehard Republicans, New Hampshire, Republican Party, Bush Republicans, NATO, Republicans, Democratic, Minnesota Rep, Hamas, Washington Rep, Former South Carolina Gov, mavericks, New Hampshire Democratic, Florida Gov, The, Syndicate, Democratic Party, Democrat, Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Wisconsin Gov, Ohio Gov, Public Policy Center, Economic, Florida’s, America, Trump Party, Congressional, UN, Tuesday’s New, Tuesday’s New Hampshire Democratic, Democratic National, Biden –, Medicare, New York Locations: Iowa, New Hampshire, South Carolina, America, Granite, Trump, Michigan, New Hampshire , Iowa, Austin, Israel, Vietnam, Granite State . South Carolina, Gaza, Yemen, Ukraine, Vermont, Wisconsin, Florida, Texas, Ohio, New York, Washington , DC, Virginia, Minnesota, Tuesday’s New Hampshire, Hampshire

☆ Premarket stocks: January’s turnaround could be a good omen for the year
▼ + stars: | 2024-01-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

New York (CNN) — US stocks rallied powerfully last week after a topsy-turvy start to the month. History indicates that if the market can cling to those gains, that could bode well for the rest of the year. But last week, all three major indexes turned positive for the year as tech stocks led the broader market higher. The January barometer, introduced in the Stock Trader’s Almanac, states that however stocks perform during January, their year-end performance will follow suit. That is good news for the 85 million homeowning households that enjoyed further gains in housing wealth, said Lawrence Yun, chief economist at NAR.

Persons: turvy, bode, Bell, Anna Rathbun, we’re, it’s, we’ve, Bryan Mena, ” Joanne Hsu, Anna Bahney, Lawrence Yun, Read Organizations: CNN Business, Bell, CNN, Dow Jones, Nasdaq, CBIZ Investment Advisory Services, The University of Michigan’s, National Association of Realtors Locations: New York

☆ Markets tried to fight the Fed on rate cuts. It didn’t work
▼ + stars: | 2024-01-21 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Now there’s roughly a 50/50 chance that the Fed could either cut rates or hold them steady in March, according to futures. A few developments this past week tempered investors’ optimism, and now the possibility of a rate cut in March could be completely thrown out the window, according to economists. He echoed other Fed officials who’ve recently said that beginning to cut rates in March is just not realistic. In addition to officials’ comments, recent economic data also doesn’t bode well for a March rate cut. Markets are expecting twice as many rate cuts this year than what Fed officials themselves estimated in their latest economic projections released in December.

Persons: ’, Christopher Waller, ”, who’ve, Loretta Mester, “, Mary Daly, it’s, Daly, bode, Waller, ” Bill Adams, ” Daniel Altman, Jerome Powell’s, Donald Trump, Christine Lagarde, couldn’t, Jamie Dimon, Trump, Joe Biden, Bank of America’s Brian Moynihan, OpenAI’s Sam Altman, Johnson, Lockheed Martin, Levi Strauss, Booz Allen Hamilton, CNN’s Elisabeth Buchwald Organizations: CNN Business, Bell, DC CNN — Federal Reserve, Fed, Brookings Institution, ” Cleveland Fed, Bloomberg, ” San Francisco Fed, Fox Business, Commerce Department, Labor Department, Employers, Comerica Bank, CNN, Biden, Trump, Economic, European Central Bank, ”, JPMorgan, Bank of America’s, United Airlines, The Bank of Japan, Netflix, General Electric, Procter, Gamble, Johnson, Verizon, Lockheed, Haliburton, Tesla, IBM, Bank of Canada, Global, American Airlines, Southwest Airlines, Alaska Airlines, Co, Visa, Intel, Mobile, Comcast, Capital, US Commerce Department, Chicago Fed, US Labor Department, American Express, Colgate, Palmolive, Booz, National Association of Realtors Locations: Washington, ” San, East, Iran, Davos, Switzerland, Iowa, Swiss, United States

The Davos consensus on the presidential electionPublicly, the global business leaders who gathered at the World Economic Forum in Davos, Switzerland, haven’t wanted to predict the winner of the upcoming U.S. presidential election. In an interview with Andrew on CNBC, he didn’t predict that Trump would win, but suggested that dismissing the former president and his supporters would be a mistake. “He wasn’t wrong about some of these critical issues, and that’s why they’re voting for him,” he said. “Trump is already the president at Davos — which is a good thing because the Davos consensus is usually wrong,” Alex Soros, the son of George Soros, said on a panel. A little history: The Davos consensus was that Hillary Clinton would beat Trump in 2016.

Persons: haven’t, Donald Trump, DealBook, Trump, Jamie Dimon, JPMorgan Chase, Andrew, “, ” Dimon, ”, MAGA, bode, “ Trump, ” Alex Soros, George Soros, Hillary Clinton, Sting, Biden, It’s, Reddit, Macy’s, Tony Spring, Warren Buffett, Morningstar Organizations: Economic, JPMorgan, CNBC, Trump, NATO, Biden, Trump’s Republican, Davos, Apple Watch, Reuters, Investors Locations: Davos, Switzerland, U.S, China, American, Indonesia, E.S.G

Thursday's analyst calls featured an upgrade to a car rental stock and a big downgrade to an airline. The bank also hiked his price target on the tech giant to $225 per share, implying upside of 23%. — Pia Singh 5:36 a.m.: Citi downgrades Spirit Airlines to sell Citi is throwing in the towel on Spirit Airlines . Week to date, Spirit shares are down nearly 60%. Spirit shares were down more than 4% in the premarket.

Persons: Morgan Stanley, Hertz, Andrew Percoco, Percoco, — Pia Singh, Wamsi Mohan, Fred Imbert, Kirk Materne, Materne, Dan Dolev, Dolev, he's, CFRA, Kenneth Leon, Berkshire Hathaway, Leon, Ranjan Sharma, Sharma, bode, Adam Jonas, Jonas, Morgan, Stephen Trent, Trent Organizations: CNBC, flipside, Citi, Spirit Airlines, JetBlue, Bank of America, Apple Bank of America, Apple, Microsoft, ISI, Activision, Activision Blizzard, Mizuho, Fidelity National Information Services, Paramount Global, RedBird Capital, Warner Bros ., Comcast, Paramount's, Showtime, Paramount, JPMorgan, Grab Holdings, Hertz Global Holdings, Jan, Citi downgrades Spirit Airlines, Spirit, Airlines Locations: Berkshire, 1H24, Wednesday's

☆ This could be the next big investing trend in AI. How UBS says to play it
▼ + stars: | 2024-01-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Edge AI, or AI at the edge, refers to the utilization of AI in edge computing, and its growth should have an immense effect on the technology world over the next few years. Given this outlook, Abrams named some of the top companies across technology sectors situated to benefit from AI at the edge. UBS projects more upside ahead, viewing both stocks among the top semiconductors as best situated to benefit from Edge AI. Memory chipmakers also look poised to benefit from Edge AI as devices on the edge require more computing power. But the company has been on the uptrend as demand rebounds, AI server demand booms and commercial customers begin deploying AI PCs later this year and into 2025.

Persons: Randy Abrams, Abrams, chipmakers, bode, Alibaba Organizations: UBS, Devices, Nvidia, AMD, Edge, Micron Technology, Micron, Dell, Microsoft, Arista Networks Locations: chipmakers

☆ Ayo Edebiri: Why ‘The Bear’ star is ruling the red carpet
▼ + stars: | 2024-01-16 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +4 min

CNN —The breakout star of hit series “The Bear,” has proven that her ability to dazzle extends well beyond the screen. Over the last two weeks, Ayo Edebiri has taken home a Golden Globe, a Critics’ Choice award and a Primetime Emmy for her portrayal of Sydney Adamu — swapping her chef’s whites for some seriously good red carpet looks. The 28-year-old, Boston-born actor has been bringing joy to the red carpet for a couple of years now, with her adventurous approach to red carpet dressing. Neilson Barnard/Getty ImagesThe Critics Choice Awards on January 14, 2024, called for a white suit by The Row. Amy Sussman/WireImage/Getty ImagesIn Thom Browne, one of Ayo Edebiri's labels of choice, this time with a train at the Critics Choice Awards on January 15, 2023.

Persons: ”, Ayo Edebiri, Sydney Adamu —, Danielle Goldberg —, Mary, Kate, Ashley Olsen —, Kaia Gerber, Olivia Rodrigo, Greta Lee, Thom Browne, Loewe, ” Edebiri, “, that’s, Edebiri, Louis Vuitton, Neilson Barnard, Bauer, Griffin, Versace, Rodin, Steve Granitz, Schouler, Michael Buckner, Dan Doperalski, Dimitrios Kambouris, Valentino, Frazer Harrison, la, —, Amy Sussman, WireImage, Bode, Rosie Assoulin, Giambattista Valli, Mike Coppola, Loewe's, Taylor, Gilbert Flores, suiting Organizations: CNN, Globe, “, W Magazine, Getty, BAFTA Tea Party, Dior Haute Couture, Motion, Arts & Sciences, Variety, Golden Globe, Prada, Lincoln Center, Axelle, Screen, HCA Locations: Boston, Los Angeles, New York

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