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☆ AMD drops despite top and bottom line earnings beats. Here's what the pros are saying
▼ + stars: | 2023-08-02 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAMD drops despite top and bottom line earnings beats. Here's what the pros are sayingBryn Talkington of Requisite Capital Management, Joe Terranova of Virtus Investment Partners and Jason Snipe of Odyssey Capital Advisors discussed AMD after it reported better-than-expected second-quarter earnings and revenue but issued guidance that disappointed analysts..

Persons: Bryn Talkington, Joe Terranova, Jason Snipe Organizations: AMD, Management, Virtus Investment Partners, Odyssey Capital

☆ CNBC Daily Open: Could the market bears be right?
▼ + stars: | 2023-08-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on July 18, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asian markets plungeU.S. stocks traded mixed Tuesday, with the Dow Jones Industrial Average, once again, outperforming other major indexes. Credit rating cutFitch Ratings downgraded the United States' long-term foreign currency issuer default rating from AAA to AA+.

Persons: Fitch, Donald Trump, Joe Biden, That's Organizations: New York Stock Exchange, CNBC, Dow Jones, Nikkei, United, AAA, AA, Stock, Trump Former U.S, Trump, Barclays Locations: New York City, Asia, Pacific, United States, U.S, East

☆ AMD drops despite topping estimates in latest quarter. Here's what the pros are saying
▼ + stars: | 2023-08-02 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

The pros considered the Santa Clara, California-based chipmaker after its second-quarter results Tuesday beat estimates on both the top and bottom lines. Despite the results, AMD closed the day 7% lower after third-quarter guidance missed Street estimates amid a faltering PC market. On Wednesday, AMD CEO Lisa Su joined Jim Cramer on CNBC to break down the results. Su said AMD is increasing artificial intelligence-related spending and has a strategy around developing AI-specific chips. Additionally, Citi upgraded the stock to buy from neutral and raised its price target to $136 from $120.

Persons: Lisa Su, Jim Cramer, Su Organizations: Devices, AMD, CNBC, Citi Locations: Santa Clara , California

☆ Here’s where to invest $100,000 right now, according to the pros
▼ + stars: | 2023-08-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

"Bears in 2023 continue to be proven wrong — this has been one of the most hated rallies in recent memory. Given this uncertain backdrop, investors with a budget of $100,000 might be wondering where and how much to invest in each asset class. For those looking to invest $100,000, the CIO advised caution on allocating too much to stocks and bonds. He highlighted the Federal Reserve's restrictive monetary policy and said the impact of last year's interest rate hikes is "yet to be fully felt in the economy." The CIO is particularly bullish on real estate as he believes it offers a hedge against inflation.

Persons: Jeff Henriksen, James McManus, McManus, David Henry, Cheviot, Henry, we've, Ben Fraser, Fraser Organizations: Apple, Microsoft, Nvidia, . Investment, UBS, Bears, Thorpe, CNBC, JPMorgan, CNBC Pro, Angels ETF, Aspen Funds, Investors, Estate Investment Locations: U.S, Real, Fraser

☆ Bad Real Estate Agents Are Costing Homebuyers Millions, Making Housing Market Worse
▼ + stars: | 2023-08-02 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

But lately, he's been having trouble squaring that passion with a growing problem: a glut of underqualified real-estate agents. "The general public deserves so much better than what the majority of real-estate agents provide." A threat to the industryThe vast majority of real-estate agents are independent contractors who rely on commissions. But despite the ease with which home shoppers can now browse homes online, buyers and sellers still see themselves as dependent on real-estate agents. And if those people don't have the ability to become a real-estate agent or a Realtor, then they lose their access to representation."

Persons: Bret Weinstein, he's, Weinstein, they're incentivized, It's, appraisers, they're, they'd, Lawrence Yun, Stephen Brobeck, Brobeck, Inman, that's, There's, Jessica Reinhardt, Reinhardt, bristled, who's, Reinhard, James Rodriguez Organizations: Realtors, Consumer Federation of America, National Association of Realtors, NAR, Consumers, CFA, Denver Metro Association of Realtors Locations: Denver, Texas, Massachusetts, Michigan, Pennsylvania

☆ From banking giants to lending up-and-comers — here are the world's top 200 fintech companies
▼ + stars: | 2023-08-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +11 min

Statista identified 40 firms as top digital payments companies. While digital payments is often the area that draws most investor buzz, lending generates more money in financial services. Statista identified 25 fintech companies that fall into the category of top alternate lending firms. They include American small business lending firm Biz2Credit, Irish e-commerce lending company Wayflyer, and Latvian loan refinancing startup Mintos. Digital business solutions

Persons: Monzo, there's, Statista, Afterpay, It's, Binance, eToro, Equity crowdfunding, hasn't, Peter Hazlehurst Organizations: JPMorgan —, Orange, Digital, U.S, SEC, European, Education, Equity, Republic, Tech, Federal Reserve, Bank of England, CNBC, Solaris Locations: fintech, Europe, Nigeria, Orange, Africa, Terra, U.S, Cayman Islands, American, Latvian, U.K

☆ 'A short-term glitch:' Wall Street pros shrug off the effect of Fitch's downgrade on markets
▼ + stars: | 2023-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The Dow Jones Industrial Average fell more than 200 points Wednesday after the downgrade as traders weighed the move. US10Y 1Y mountain 10-year yield 1-year However, Wall Street strategists mostly took the downgrade in stride. The S & P 500's 17% rally this year and the Nasdaq Composite's 33% advance had some traders worrying that equities have surged "too far, too fast." Stovall's S & P 500 year-end target is at 4,575 . Goldman Sachs' Jan Hatzius said Tuesday the downgrade will have "little direct impact" on financial markets.

Persons: Fitch, Janet Yellen, Sam Stovall, Stovall's, Wells Fargo's Christopher Harvey, Goldman Sachs, Jan Hatzius, Steven Zeng, Management's Yung, Yu Ma, Ma, CFRA's Stovall, Deutsche Bank's Zeng, Michael Bloom Organizations: U.S ., Fitch, AAA, Dow Jones, Treasury, Street, Nasdaq, Deutsche, BMO Locations: Washington, U.S, Tuesday's

☆ Britain faces a mortgage crisis with renters and homeowners in the crossfire. Here's how to protect your money
▼ + stars: | 2023-08-02 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +5 min

"Demand is being stoked by a strong jobs market, record immigration and rising mortgage rates," Donnell said. Mortgage crisisBritain's mortgage crisis has been brewing for months. Nicholas Mendes, a technical mortgage manager at mortgage broker and advisor John Charcol, told CNBC Make It that there are pros and cons to both. Prospective buyers may feel "trapped" in the rental market, which could deter them from trying to buy, they told CNBC Make It. Higher mortgage rates are prompting some of those who still have mortgages to pay off to pass on those additional costs to renters, he said.

Persons: Oliver Knight, Knight Frank, Oscar Wong, Ed Monk, Richard Donnell, Zoopla, Donnell, Monk, Nicholas Mendes, John Charcol, Mendes, Urvish Patel, Barry Naisbitt Organizations: Fidelity International, CNBC, Mortgage, Bank of, Bank of England, National Institute of Economic, Social Research Locations: Britain

☆ Elon Musk needs to be ruthless if he's going to transform X into a killer app. Here's what he should do, according to a Fortune 500 project management expert.
▼ + stars: | 2023-08-02 | by ( Dr. Te Wu | ) www.businessinsider.com time to read: +8 min

Dr. Te Wu is the CEO and CPO of PMO Advisory, a project management training and consulting firm. From a project management perspective, here are the top five actions I would undertake to make this latest transformation successful. Business transformation is more of an art than a science, and building new product features can be extraordinarily difficult. Dr. Te Wu is CEO and CPO of PMO Advisory, a project management training and consulting firm for companies, including Global 500 and nonprofit organizations. He is an associate professor at Montclair State University and chair of the Project Management Institute's Portfolio Management Standard Committee.

Persons: Te Wu, Wu, It's, Elon Musk, I've, Musk, Linda Yaccarino, WeChat, Meta, OpenAI's, Slack Organizations: PMO, Twitter, Morning, SpaceX, Fortune, Swiss Army, China Europe International Business School, Elon, New York's Transit Authority, Facebook, Microsoft, Montclair State University, Project Management Institute's Locations: New, China

☆ I work remotely from a Caribbean island. Here's how I relocated from Oregon, found love, and started a family, without comprising my career.
▼ + stars: | 2023-08-01 | by ( Ashley Couto | ) www.businessinsider.com time to read: +7 min

Shelby Smith took a six-month career break and traveled to Curaçao, a Dutch Caribbean island. Smith fell in love and moved from Portland, Oregon, to Curaçao permanently to start her family. I visited Curaçao on vacation and knew I'd be backI visited Curaçao, a Dutch Caribbean island, on vacation in 2019. Three days before I landed, the whole island went on lockdown. If you think living on a remote island would be much cheaper, think againSome living costs on the island are cheaper, but others are more expensive.

Persons: Shelby Smith, Smith, I'd, Curaçao Organizations: Service, Facebook Locations: Curaçao, Dutch Caribbean, Portland , Oregon, Wall, Silicon, Aitutaki, Cook, Portland, Reveri, Netherlands, United States, American

☆ Uber shares dip after mixed second-quarter results. Here's what the pros are saying
▼ + stars: | 2023-08-01 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUber shares dip after mixed second-quarter results. Here's what the pros are sayingJim Cramer, Josh Brown of Ritholtz Wealth Management and Jason Helfstein of Oppenheimer discussed Uber after the company reported mixed second-quarter results, turned an operating profit for the first time ever, and passed more than $1 billion in free cash flow.

Persons: Jim Cramer, Josh Brown, Jason Helfstein, Oppenheimer, Uber Organizations: Ritholtz Wealth Management

☆ ON Semiconductor stock pops after second-quarter earnings. Here's what the pros are saying
▼ + stars: | 2023-07-31 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts addressing ON Semiconductor . Just after the opening bell, the chipmaker's stock hit a record high, going back to its IPO in May, 2000 following second-quarter results that beat expectations. ON Semi reported $1.33 in earnings per share and $2.09 billion in revenue , against analysts' estimates compiled by FactSet of $1.21 and $2.02 billion, respectively. ON's President and CEO, Hassane El-Khoury, joined CNBC Monday morning to discuss the company's report and outlook. The stock closed the trading day up 2.5%.

Persons: Hassane El, Khoury Organizations: CNBC

☆ ON Semiconductor stock pops after second-quarter earnings. Here's what the pros say
▼ + stars: | 2023-07-31 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailON Semiconductor stock pops after second-quarter earnings. Here's what the pros sayJim Cramer, Joe Terranova of Virtus Investment Partners and Steve Weiss of Short Hills Capital discussed ON Semiconductor's stock hitting a new all-time high after the chipmaker reported second-quarter results that beat on the top and bottom lines.

Persons: Jim Cramer, Joe Terranova, Steve Weiss Organizations: Virtus Investment Partners, Short Hills

☆ Apple's iPhone 15 Pro will reportedly feature new charging port, titanium edges
▼ + stars: | 2023-07-31 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Apple is preparing to unveil its next generation of devices this fall, and the high-end iPhone 15 models will reportedly feature some major changes. The company has used its proprietary Lightning charger for iPhones since 2012, but the iPhone 15 and iPhone 15 Plus will be compatible with USB-C charging, according to a report from Bloomberg. The report said the iPhone 15 Pro and Pro Max models will feature titanium edges instead of stainless steel. Apple is also considering raising the price of its high-end iPhone Pros, according to Bloomberg. Since 2019, the company has sold a high-end iPhone Pro that starts in the U.S. at $999 and a Max model with a bigger screen that starts at $1,099.

Persons: Max, Greg Joswiak, Apple's Organizations: Apple, Bloomberg, Wall Street, Tech Locations: U.S

If the Fed stops hiking rates this year, mortgage rates could fall a bit. As the economy slows throughout this year and next, the central bank may even consider cutting rates, which would allow mortgage rates to drop even further. According to its latest forecast, the Mortgage Bankers Association expects 30-year mortgage rates to fall to 5.9% by the end of this year. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control.

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

☆ I don't stay in Airbnbs anymore. It's morally sketchy — and hotels are cheaper and better in every way.
▼ + stars: | 2023-07-29 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +5 min

Isabel Heine was an early user of Airbnb but now she only stays at hotels. Heine also says that the Airbnb cleaning fees and rules were getting ridiculous. I used Airbnb for about a decade straight before I started having second thoughtsI started noticing high cleaning fees that just seemed ridiculous to me. Add that to the increased costs and rules of staying in an Airbnb and I'm officially back to hotels. I did miss having a kitchen to cook my own food in, which is one of the pros with so many Airbnbs.

Persons: Isabel Heine, Heine, I'm, –, Airbnb Organizations: Service Locations: Wall, Silicon, Queens , New York, Airbnbs, New Orleans, Costa Rica, India, New York City, New York, Mexico City

☆ Uber shares hit new 52-week high. How the pros are playing the stock
▼ + stars: | 2023-07-28 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Uber . The pros discussed the ride-sharing service a day after Oppenheimer reiterated the stock as outperform and as one of its large-cap top picks with a price target of $65 per share. That suggests 35% upside from Friday's close. Uber hit a new 52-week high Friday and closed up about 3.3%. Oppenheimer’s Jason Helfstein joined CNBC to discuss the company ahead of its earnings report Tuesday.

Persons: Oppenheimer, Uber, Oppenheimer’s Jason Helfstein Organizations: Uber, CNBC

UTMAs/UGMAs accounts are taxable custodial accounts set up by parents or guardians for the benefit of a minor. Unlike 529 plan accounts, which are specifically for college savings and higher-education expenses, UTMA/UGMA accounts offer more flexibility. UTMA UGMA Custodial account ✓ ✓ Flexible spending ✓ ✓ Kiddie tax ✓ ✓ Available in all US states x ✓ Allows real assets ✓ xYou can open a UGMA in all US statesUGMAs are available in all 50 US states, but you can't open a UTMA in South Carolina or Vermont. You can put real assets into a UTMAThe main difference between UGMA and UTMA accounts is that UGMA's are limited. UGMA accounts do allow the following properties:CashStocksBondsMutual fundsOther financial productsOnly UTMA accounts allow real assets like real estate and cars.

Persons: Dexter Wyckoff, UTMA, Wyckoff, doesn't, it's, you'll Organizations: Service, Northwestern Mutual Locations: Wall, Silicon, South Carolina, Vermont

☆ The Looming Crisis in the Bridal Industry? Not Enough Seamstresses.
▼ + stars: | 2023-07-27 | by ( Shannon Sims | ) www.nytimes.com time to read: +1 min

They were discussing issues like: How do you handle a demanding mother of the bride? Some women said they preferred to work in-house at a bridal shop, where they could have a steady stream of clients and backup for when things went wrong. Other women said they liked working as independent tailors because their schedules could be flexible and there was no profit-sharing. In 2019, she founded Stitched Collective, an organization that hosts in-person events for seamstresses nationwide. A central conundrum framed the call: How can bridal seamstresses in the United States navigate the overwhelming amount of business being sent their way in 2023?

Persons: —, Melissa Oddo, hemming Locations: Connecticut, United States

☆ Reels, ads, and cost-cutting boost Meta stock to 17-month high. How the pros are playing it
▼ + stars: | 2023-07-27 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReels, ads, and cost-cutting boost Meta stock to 17-month high. How the pros are playing itJim Cramer, Brad Erickson of RBC Capital Markets, Barton Crockett of Rosenblatt Securities, Ron Josey of Citi, Rob Sechan of NewEdge Wealth, Josh Brown of Ritholtz Wealth Management and Karen Firestone of Aureus Asset Management discussed Meta after the company beat 2Q earnings and revenue estimates, and the stock hit levels not seen since early 2022.

Persons: Jim Cramer, Brad Erickson, Barton Crockett, Ron Josey, Rob Sechan, Josh Brown, Karen Firestone Organizations: RBC Capital Markets, Rosenblatt Securities, Citi, Ritholtz Wealth Management, Aureus Asset Management

☆ Reels, ads and cost cutting propel Meta's stock to 17-month high. How the pros are playing it
▼ + stars: | 2023-07-27 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Meta . Late Wednesday , Meta reported second-quarter earnings of $2.98 per share versus $2.91 per share expected by analysts, per Refinitiv. The company's $32 billion in revenue was nearly a billion more than estimates. The stock hit a new 52-week high Thursday, trading at levels not seen since February 2022. Wells Fargo also upgraded the stock to overweight from equal weight.

Persons: Jim Cramer, Meta, Susan Li, Wells Fargo Organizations: Meta, Facebook, Meta's, CNBC

☆ The Federal Reserve just hiked interest rates to their highest level in 22 years. Here's how Wall Street is reacting, where the pros think investors should be putting their money, and why inflation is
▼ + stars: | 2023-07-27 | by ( Mark Reeth | ) www.businessinsider.com time to read: +7 min

The Federal Reserve hiked rates in July, and it could be the final rate hike of the cycle. But while the latest rate hike was all but certain, there are still plenty of questions about what lies ahead. In a note from Wednesday evening, Goldman Sachs chief economist Jan Hatzius pointed out that Powell made it clear any further hikes will depend on inflation data. But Bank of America analysts led by US economist Michael Gapen remain unconvinced that the rate hike cycle is truly over. As for equities, Wall Street widely expected this week's rate hike, so there are no major changes to their second-half investing recommendations.

Persons: Jerome Powell, Henry Allen, shouldn't, Allen, Goldman Sachs, Jan Hatzius, Powell, Hatzius, Gurpreet Gill, Gill, Peter Hooper, Michael Gapen, Gapen, Goldman's Gill, America's Gapen, Morgan Stanley, Mike Wilson Organizations: Federal, shouldn't, Deutsche Bank, Fed, Goldman Sachs Asset Management, Bank of America, Bank, America's Locations: Wall

Traditional CDs will not allow you to deposit money during a term; you'll have to wait to make additional deposits once a CD reaches maturity. Consider whether CD minimum balance requirements will factor into your CD options. For example, a Popular Direct CD requires at least $10,000, while an Ally or Barclays CD does not require a minimum deposit to open. Look for a CD that has a lesser required amount in order for you to still gain money from having money in a CD," says Dixon. Featured 1-Year CD Rate Pacific Western Bank 1 Year CD Annual Percentage Yield (APY) 5.51% Minimum Deposit Amount $1 Start savingFeatured 1-Year CD Rate Pacific Western Bank 1 Year CD Annual Percentage Yield (APY) 5.51% Minimum Deposit Amount $1 View Full Details Start saving On Raisin's websitePacific Western Bank 1 Year CD Start saving On Raisin's website Featured 1-Year CD Rate Details Annual Percentage Yield (APY) 5.51% Minimum Deposit Amount $1 Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Persons: isn't, it's, Elizabeth, Patrina Dixon, Dixon, you'll Organizations: Barclays, Dixon Consulting, Bank, Western Bank, Mint, FDIC, Chevron, Federal Credit Union, Connexus Federal Credit Union, Consumers Federal Credit Union Locations: CFEI, Connexus

☆ Browse our database of more than 350 Wall Street headhunters to find your dream job in private equity, investment banking, or hedge funds
▼ + stars: | 2023-07-27 | by ( Emmalyse Brownstein | Alex Morrell | Reed Alexander | ) www.businessinsider.com time to read: +4 min

From investment banks to hedge funds to private-equity shops, the financial industry is always on the lookout for top talent. Hedge funds are another story. As Insider recently reported, demand for inflation traders by hedge funds has been red hot. Keizner said he's also seeing demand at hedge funds that focus on credit trading and special situations, like mergers. "Single manager, directional equity hedge funds typically haven't been receiving asset inflows and as a result, there's less hiring there."

Persons: Anthony Keizner, Bobby Jain, Adam Harwood, who's, Keizner, he's Organizations: Wall, PJT Partners, Search, Citadel, Credit Suisse, Bankers, Wall Street Locations: dealmaking

☆ Alphabet earnings beats boosted by YouTube, cloud growth. How the pros are playing the stock
▼ + stars: | 2023-07-26 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Alphabet . The pros, including Jim Cramer , discussed the megacap tech company as it jumped 5.8%. Alphabet reported second-quarter earnings Tuesday after the bell. The company beat on the top and bottom lines, posting earnings of $1.44 per share, compared to analysts' estimate of $1.34, adjusted, per share, per Refinitiv. Alphabet also surpassed analysts' revenue estimate by nearly $2 billion.

Persons: Jim Cramer, Ruth Porat Organizations: Google

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