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☆ Safe-haven gold on track for best month in seven
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +2 min

Gold Bullion from the American Precious Metals Exchange seen in this picture taken in New York on Sept. 15, 2011. Gold prices climbed to a record high on Thursday and were headed for their best month in seven on safe-haven demand ahead of the U.S. presidential election, while investors awaited U.S. inflation report for clues on the interest rate path. Spot gold was steady at $2,786.89 per ounce, as of 0254 GMT, after hitting a record high of $2,790.15 earlier in the session. "Traders want to buy gold whether it rises or falls, and that has kept retracements small and consolidations tight. All three metals were on track for a monthly gain.

Persons: Donald Trump, Kamala Harris, Kyle Rodda, Matt Simpson, Bullion Organizations: Precious Metals, U.S, Republican, Democratic, Trump, Capital.com, Index Locations: New York, U.S, United States, Index ., China

☆ Key Fed inflation rate hits 2.1% in September, as expected
▼ + stars: | 2024-10-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Inflation increased slightly in September and moved closer to the Federal Reserve's target, according to a Commerce Department report Thursday. The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12-month inflation rate at 2.1%, both in line with Dow Jones estimates. Fed officials target inflation at a 2% annual rate, a level it has not achieved since February 2021. The annual rate was 0.1 percentage point higher than forecast but the same as in August. In September, the Fed slashed the rate by a half percentage point, a move virtually unprecedented during an economic expansion.

Persons: Dow Jones Organizations: Commerce Department, Fed, Energy, Labor Department, of Labor Statistics

UNRWA provides far more than humanitarian aid in the Gaza Strip. Many Palestinians see darker motives, viewing the UNRWA ban as Israel's latest attempt to make their lives unlivable, first imprisoning and bombing them, now taking away their main aid lifeline. Palestinians wait to receive medicines at the UNRWA health center in Khan Younis last month. Despite its endorsements, the United States is yet to resume funding to UNRWA after Israel's Oct. 7 allegations. The Israeli Foreign Ministry has said it will use other agencies, such as the World Food Programme and the World Health Organization, to distribute aid.

Persons: ”, Scott Paul, Ariel Schalit, ” Mustafa Barghouti, Ahmad Gharabli, Khan Younis, Bashar Taleb, —, Matthew Miller, “, David Lammy, Hazem Bader, Oren Marmorstein, António Guterres, Philippe Lazzarini Organizations: United Nations, UNRWA —, Hamas, UNRWA, Oxfam America, Palestinian National Initiative, NBC, United Nations Refugee Agency, UNHCR, West Bank, Getty, ”, British, West, Foreign Ministry, NBC News, Israeli Foreign Ministry, Food, World Health Organization, General Locations: Gaza, Gaza City, Israel, Jordan, Syria, Lebanon, Jerusalem, AFP, Ireland, Norway, Slovenia, Spain, United States, U.S, North Korea, West Bank, Hebron, Israel's

☆ Euro zone economy grows 0.4% in third quarter, above expectations
▼ + stars: | 2024-10-30 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union's statistics agency showed Wednesday. Analysts say euro zone growth should cautiously pick up in the coming months, amid lower interest rates and cooling inflation. The ECB cited persistent signs of weak activity in the euro area as a key factor in the central bank's decision to enact an October cut. Markets have fully priced another 25-basis-point cut from the ECB in its last meeting of the year in December. The euro zone's biggest economy, Germany, recorded surprise growth of 0.2% in the third quarter, according to figures published on Wednesday.

Organizations: Reuters, European Central Bank, ECB Locations: Madrid, Spain, Germany

☆ Behind the curtain on Democrats’ unprecedented digital advertising campaign
▼ + stars: | 2024-10-30 | by ( David Wright | ) edition.cnn.com time to read: +13 min

CNN —Democrats are mounting an unprecedented digital advertising campaign in the closing weeks of the presidential race, pouring hundreds of millions of dollars into a targeted effort that the party hopes will tip the balance in one of the closest elections in US history. The effort is being steered by Future Forward PAC, or FF PAC, the largest single-candidate super PAC in the 2024 election. The 2024 election is poised to break the record set by the 2020 election and see $10.2 billion worth of campaign advertising, according to the ad tracking firm AdImpact. The ad laboratoryWith its massive war chest, FF PAC has faced the challenge of effectively and efficiently distributing its resources. FF PAC has not engaged in a comparable turnout effort, leaving that traditional campaign activity to the cash-flush Harris operation.

Persons: Kamala Harris, Donald Trump’s, Harris, ’, Joe Biden’s, Trump, Michael Bloomberg, Dustin Moskovitz, Reid Hoffman, –, John Kelly, “, ”, Ian Sams, Roe, Wade, ” Margit Westerman, we’ve, Peacock, Elon Musk, Harris ’ Organizations: CNN, Future Forward PAC, FF PAC, PAC, FF, Super, Democratic Party’s, Citizens United, Commission, Biden, Trump, Democratic, New York, Facebook, LinkedIn, Bloomberg, New York Times, PAC’s, YouTube, Olympics, Hulu, Univision, Warner Bros, GOP countereffort FF, Republican, Google, Harris, Republicans, Preserve, America PAC, Restoration PAC, America PAC –, MAGA Inc, GOP, Inc, Elon, FF PAC’s, Department of Justice Locations: Pennsylvania, Michigan , Wisconsin , Arizona , Nevada , North Carolina, Georgia, AdImpact, Preserve America, Philadelphia

☆ S&P 500 futures slip after Microsoft reports; traders brace for key inflation data: Live updates
▼ + stars: | 2024-10-30 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures slid on Wednesday evening, as Wall Street absorbed a fresh batch of earnings reports from megacap technology names. S&P 500 futures lost 0.3%, and Nasdaq 100 futures fell 0.5%. Futures tied to the Dow Jones Industrial Average declined 27 points. The S&P 500 declined 0.3%, while the Dow dropped 0.2%, and the Nasdaq Composite fell nearly 0.6%. Economists polled by Dow Jones expect that the PCE grew by 0.2% on a monthly basis and 2.1% from a year earlier.

Persons: Dow Jones, Jamie Cox Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones, Dow, Investors, Federal, Harris Financial, Tech, Apple, Merck, Intel

☆ Gold marches to record as U.S. election jitters fuel safe-haven rush
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +2 min

A gold ingot and gold coins are seen in this illustration picture taken November 17, 2017. "Gold is very much being anchored on the U.S. election outcome ... "If we see hot inflation numbers or a strong jobs report, then there could be a derailment in gold prices," Wong added. In addition, Goldman Sachs lowered its gold forecast from $3,080 to $3,000 by December 2025, but maintained its bullish stance. On the retail front, Indian gold buyers overlooked record high prices, purchasing for the Dhanteras and Diwali festivals, hoping for continued price rallies amid a cooling stock market.

Persons: Gold, Kelvin Wong, OANDA, Donald Trump, Kamala Harris, Wong, Friday's, Goldman Sachs Organizations: U.S, Asia Pacific, U.S . Labor Department

☆ Meta earnings live updates: Wall Street bullish on the firm's long-term prospects; analysts watching for AI guidance
▼ + stars: | 2024-10-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The company is expected to report revenue of $40.25 billion. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Meta will report its earnings for the third quarterafter the closing bell, and Wall Street is feeling upbeat heading into the results.

Persons: — Organizations: Service, Meta, Facebook Locations: Wall

☆ Europe’s biggest economy narrowly avoids recession
▼ + stars: | 2024-10-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +1 min

London CNN —Germany escaped a recession in the third quarter, official data showed Wednesday, offering some relief to Europe’s biggest economy as its fortunes falter. Destatis revised down GDP figures for the second quarter from -0.1% previously. Germany’s economy shrank last year for the first time since the onset of the Covid-19 pandemic. The outlook isn’t much brighter: the International Monetary Fund sees zero economic growth this year, marking the weakest performance among major economies. A sharp drop in profit at Volkswagen only intensified the bad news on economic growth.

Persons: London CNN —, Destatis Organizations: London CNN, Gross, Federal, Office, International Monetary Fund, Volkswagen Locations: London CNN — Germany

☆ Inflation report Thursday expected to show the Fed is getting closer to its goal
▼ + stars: | 2024-10-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

While the cumulative effect of inflation has had a pronounced influence on the U.S. economy, the view in relative terms is getting progressively better. Judging by the personal consumption expenditures price index, inflation was expected to run at just a 0.2% rate in September and 2.1% from a year ago, according to Dow Jones estimates. "Another strong quarter of GDP growth and close-to-target quarterly inflation reading will be welcomed by the Fed stuck between balancing the risks of inflation and the labor market," Citigroup economist Alice Zheng said in a note Wednesday. Within the GDP report, the PCE rate for the quarter was just 1.5%, suggesting that the battle has been won. While the market is still betting heavily on more rate cuts this year, the Fed likely will be cautious.

Persons: Dow Jones, Alice Zheng, Shruti Mishra Organizations: Commerce Department, Labor, Citigroup, Bank of America Locations: U.S

☆ Germany's inflation surges to 2.4% as it narrowly skirts a technical recession
▼ + stars: | 2024-10-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter. The preliminary print, announced by German statistics office Destatis, is harmonized across the euro area for comparability. Harmonized inflation had dropped to 1.8% in September, after coming in at the European Central Bank's 2% target in August. So-called core inflation, which strips out more volatile food and energy costs, came in at 2.9% in October, the German statistics office said Wednesday, an increase from the 2.7% reading of September. In a note translated by CNBC, Deutsche Bank economist Sebastian Becker said that the renewed rise in core inflation showed that the problem of growth in price increases was not resolved, and that further patience was needed.

Persons: Sebastian Becker, Carsten Brzeski, meanwhile, Destatis Organizations: Central, German, comparability, Reuters, CNBC, Deutsche Bank, ING Locations: Bavarian, Germany

☆ Meta's stock drop tells the wrong story on earnings — so, we're boosting our price target
▼ + stars: | 2024-10-30 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Don't let the after-hours stock action fool you, Meta Platforms delivered one heck of a strong third quarter and a current quarter revenue guide above expectations. Ok, now that the "bad" is out of the way, let's look at what investors should really be focused on as they consider what to do with Meta stock. Meta Platforms Why we own it : We value Meta Platforms for its targeted advertising dominance. Notably, Meta AI, the company's version of a ChatGPT-type generative artificial intelligence search/answer engine, now has over 500 million monthly active users. Looking ahead to 2025, the team noted on the release, "We continue to expect significant capital expenditures growth in 2025.

Persons: biggie, that's, China's ByteDance, Mark Zuckerberg, Jensen Huang, Zuckerberg, we're, Meta, it's, haven't, Jim Cramer's, Jim Cramer, Jim, Andrej Sokolow Organizations: LSEG, Meta, People, Management, China's, Reality Labs, Nvidia, ., Facebook, CNBC, Getty Locations: Ray, capex

☆ Asia-Pacific markets set for mixed open; Australia inflation data in focus
▼ + stars: | 2024-10-30 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained. Traders in Asia will assess consumer price data out of Australia, with inflation for the quarter ended in September expected to fall to 2.9%, down from 3.8% in the previous quarter. Japan's Nikkei 225 futures pointed to a higher open for the market, with the contract in Chicago at 39,255 and its counterpart in Osaka at 39,160 compared to the index's previous close of 38,903.68. Hong Kong Hang Seng index futures were at 20,746, higher than the index's last close of 20,701.14.

Persons: Australia's Organizations: Nasdaq, Traders, Nikkei Locations: Christiansborg, Copenhagen, Denmark, Asia, Pacific, Australia, Chicago, Osaka, Hong Kong

☆ What investors should look for as Meta, Microsoft report earnings Wednesday
▼ + stars: | 2024-10-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Another busy day of megacap technology earnings kicks off Wednesday with results from Meta Platforms and Microsoft after the bell. Wall Street expects Meta Platforms to post third-quarter earnings of $5.25 per share, up from $4.39 a year ago, per LSEG. For Microsoft, EPS and revenue are expected to reach $3.10 and $64.51 billion, respectively, for the fiscal first quarter . Meta Platforms For Meta Platforms, analysts are hunting for signs that AI is continuing to boost the company's core product and advertising spending. Microsoft Microsoft faces a tougher bar headed into the print, with many analysts leaning toward caution as the company lags some of its megacap peers and underperforms the Nasdaq Composite.

Persons: haven't, Davidson, Gil Luria, Citi's Ronald Josey, Citi's Josey, Mark Mahaney, Barton Crockett, Mark Shmulik, Bank of America's Justin Post, Keith Bachman, Citi's Tyler Radke, Morgan Stanley's Keith Weiss, Weiss, Goldman Sachs, Kash Rangan, Azure's Organizations: Meta, Microsoft, D.A, Revenue, Google, Bank of America's, Microsoft Microsoft, Nasdaq, BMO Capital Markets, BMO

☆ Stocks making the biggest moves premarket: VF Corp, McDonald's, Pfizer, PayPal and more
▼ + stars: | 2024-10-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

For the fiscal second quarter, the company posted adjusted earnings of 60 cents per share on $2.76 billion in revenue. Cadence Design Systems – The stock jumped more than 5% after the electronic design company's third-quarter earnings beat Wall Street estimates. JetBlue's third quarter results did beat analyst estimates on the top and bottom lines. PayPal – Shares fell 3% after PayPal posted third-quarter revenue that missed expectations. Crocs – Shares tumbled around 12% despite the company's third-quarter earnings beating estimates.

Persons: Ford, Trex, FactSet, Jim Conroy, John Hazen, Conroy, Crypto, Stocks, Horton, PayPal –, StreetAccount, Crocs, Lisa Kailai Han, Samantha Subin, Jesse Pound, Sarah Min, Pia Singh, Tanaya Macheel, Michelle Fox Theobald Organizations: Corporation, Ford Motors, Cadence, Systems, BP –, Pfizer, Revenue, Ross Stores, JetBlue –, JetBlue, LSEG, Mizuho, PayPal, FactSet, Xerox

☆ S&P 500 futures tick higher as Alphabet shares jump on earnings beat: Live updates
▼ + stars: | 2024-10-29 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Futures tied to the broad market index added nearly 0.2%, while Nasdaq 100 futures inched up by 0.1%. Alphabet kicked off a major week for megacap tech earnings. The Google parent exceeded analysts' expectations as the company saw strong quarterly revenue growth from its cloud business, leading shares up 5% after market close. In anticipation of the Big Tech earnings releases, investors drove the Nasdaq Composite to a fresh record during Tuesday's trading session. "We are closely monitoring tech earnings releases to ensure businesses investment in artificial intelligence and other productivity enhancing tools remains robust to support strong future earnings growth."

Persons: Dow, It's, Rob Haworth, Haworth Organizations: New York Stock Exchange, Nasdaq, Dow, Google, AMD, Tech, Meta, Microsoft, Apple, Big Tech, NASDAQ, U.S, Bank Asset Management

☆ Stocks making the biggest moves midday: VF Corporation, Pfizer, F5, JetBlue and more
▼ + stars: | 2024-10-29 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

Check out the companies making headlines in midday trading: VF Corporation — Shares jumped more than 22%. VF Corporation posted adjusted earnings of 60 cents per share on revenue of $2.76 billion. That is above the 37 cents per share in earnings and $2.71 billion in revenue that analysts surveyed by LSEG were expecting. The firm also upped the midpoint of its non-GAAP earnings per share forecast for the full year. F5 posted adjusted earnings of $3.67 per share and revenue of $747 million in the fiscal fourth quarter.

Persons: LSEG, Jim Conroy, Trex, FactSet, Xerox, Horton, Corning, — CNBC's Pia Singh, Michelle Fox, Samantha Subin, Sean Conlon, Alex Harring Organizations: —, Cadence, BP — U.S, BP, Pfizer, JetBlue Airways —, JetBlue, LSEG, Xerox, FactSet, PayPal, Caribbean, Ford Locations: Corning

☆ While investors are focused on Big Tech earnings, a homebuilder gives a dire warning
▼ + stars: | 2024-10-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

There could be trouble ahead for consumers and the economy if interest rates don't come down, the latest financial results from D.R. "While mortgage rates have decreased from their highs earlier this year, many potential homebuyers expect rates to be lower in 2025," he said in a statement . Horton year to date The rate for a 30-year fixed mortgage is currently 7%, according to Mortgage News Daily . Mortgage rates are tied to the yield on the 10-year Treasury note, which has recently spiked higher. For the fiscal fourth quarter that just ended, it reported earnings of $3.92 per share on revenue of $10 billion.

Persons: Horton, David Auld, LSEG Organizations: Wall, Mortgage News, Federal Reserve, Treasury, Toll, Pulte, KB, Home Locations: Arlington , Texas

☆ CNBC Daily Open: Nasdaq hits high even as poor earnings growth disappoints investors
▼ + stars: | 2024-10-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan McDermid | 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. What you need to know todayThe bottom lineThe Nasdaq Composite managed to log a seventh consecutive winning week. Investors also looked ahead to Big Tech earnings coming out this week: shares of Meta , Amazon and Microsoft added as much as 1%. Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the rate of profit growth has not met expectations, disappointing investors.

Persons: Brendan McDermid, CNBC's Pia Singh, James Quincey, — CNBC's Brian Evans, Pia Singh, Alex Harring Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, Investors, Big Tech, Meta, Microsoft, Dow

☆ The one big fear that could upend the bull market
▼ + stars: | 2024-10-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

A chain reaction sparked by continued inflation could put the bull market to rest, according to Trivariate Research. As the bull market enters its third year, investors are wondering how much more room there is to run before a pullback is due. Now, Fed funds futures are pricing in a more than 95% likelihood of another drop to the borrowing costs at the central bank's November gathering, according to CME's FedWatch tool. In 2021 and 2022, Parker said there was a "strong and statistically significant relationship" between Fed funds futures and the price-to-earnings multiple on growth stocks. Though that connection now looks different, the Morgan Stanley alum said he would be "surprised if multiples did not compress meaningfully" if the expectation for the Fed funds rate rises from 3.5% to 5% or above.

Persons: Adam Parker, Paul Tudor Jones, Stanley Druckenmiller, Parker, Morgan Stanley, Kamala Harris, Donald Trump, Tudor Jones, Dow Jones Organizations: Research, Federal Reserve, CNBC, Dow

☆ Gold slips as dollar firms; market eyes crucial U.S. data
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: +2 min

A one kilogram gold bar sits on top of silver bars. Gold prices fell on Monday as the U.S. dollar held firm, while investors awaited U.S. economic data for fresh insights on the Federal Reserve's monetary policy path. Spot gold fell 0.5% to $2,733.01 per ounce, as of 0232 GMT. A stronger dollar makes gold less appealing for other currency holders. Gold hit a record high of $2,758.37 on Wednesday, driven by safe-haven demand due to geopolitical uncertainties.

Persons: Tim Waterer, CME's, Benjamin Netanyahu, Ali Khamenei, Donald Trump, Kamala Harris Organizations: U.S ., Federal, U.S, KCM, Fed, Iranian Locations: U.S

Earnings season is in full swing, and some names reporting this week are positioned for major moves. So far, 37% of those in the broad market index have reported this quarter, resulting in what has been a mixed reporting period. According to LSEG, earnings have come in 6.1% above expectations, while revenue is 1.5% higher, as of Monday. Last week, the stock advanced more than 1% on Wednesday due to JMP Securities upgrading it to market outperform from market perform. The financial services provider has jumped around 52% over the past three months and more than 41% over the past month.

Persons: Andrew Boone, Greenlight Capital's David Einhorn, Einhorn, Kamala Harris, Donald Trump Organizations: Dow Jones, Apple, CNBC Pro, Securities, Robin Hood Investors Conference, U.S, Technologies

☆ Israeli MP behind bill to expel key UN agency accuses US of interfering with process
▼ + stars: | 2024-10-27 | by ( Dana Karni | Tim Lister | ) edition.cnn.com time to read: +4 min

The Israeli government has claimed that some of the UN Relief and Works Agency’s (UNRWA) staff are affiliated with Hamas. UNRWA has strongly denied the allegations, but several governments suspended funding for the agency earlier this year while the allegations were investigated. The MP, Yulia Malinovsky, told CNN that US Ambassador Jacob Lew has contacted several opposition leaders, including Avigdor Lieberman, Yair Lapid and Benny Gantz, in an effort to get the legislation stopped. The US State Department told CNN that as a matter of policy, it would not comment on private diplomatic conversations. Malinovsky told CNN that she is determined UNRWA should no longer receive “five-star treatment” in Israel.

Persons: Yulia Malinovsky, Jacob Lew, Avigdor Lieberman, Yair Lapid, Benny Gantz, Daniel Hagari, Nukhba, Israel Katz, Antonio Guterres, “, ’, Antony Blinken, Lloyd Austin, Biden, Malinovsky, ” Malinovsky, UNRWA “, ” Organizations: CNN, UN, West Bank, UN Relief and Works Agency, UN Relief, Hamas, UNRWA, US State Department, West, Israel Defense Forces, US, Canada Locations: Gaza, Israel, West Bank, Lebanon, Jordan, ”, Australia, France, Germany, Japan, South Korea

☆ 14 earnings reports and major economic data will be the stock market movers this week
▼ + stars: | 2024-10-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The Street is looking for Stanley Black & Decker sales of $3.8 billion in the third quarter and earnings per share (EPS) of $1.05. The Street is looking for Linde sales of $8.35 billion in the third quarter and EPS of $3.89. In addition to the headline results and forward guidance, overall organic sales growth and data center energy power demand will be focus items for investors. The Street is looking for sales of $94.47 billion in its fiscal fourth quarter and EPS of $1.55. The Street is looking for Coterra sales of $1.3 billion in the third quarter and EPS of 34 cents.

Persons: That's, It's, Stanley Black, Decker, we're, We're, Eli Lilly, Lilly, Amy Hood's, Brian Niccol, Wednesday's, Linde, it's, we'll, Phillips, Horton, Kraft Heinz, SIRI, Estee Lauder, BUD, Cardinal Health, Jim Cramer's, Jim Cramer, Jim, Stephanie Keith Organizations: Nasdaq, Dow, Fed, PCE, YouTube, Justice, AMD, GE Healthcare, Reality Labs, Microsoft, Management, Starbucks, U.S, Presidential, Linde, Apple Intelligence, Amazon, Services, Coterra Energy, WM, Cadence Design Systems, Labor, PayPal, BP, Pfizer, Royal Caribbean Cruises, JetBlue, HSBC, Devices, Grill, Electronic Arts, EA, Gross, Caterpillar, Brinker International, AFortive Corporation, Illinois Tool, Coinbase, eBay, EBAY, Booking Holdings, MGM Resorts, MGM, Bausch Health, LIN, Merck, ConocoPhillips, Mastercard, Altria, Cruise, Myers Squibb, Comcast, Mobileye, Cheniere Energy, Regeneron Pharmaceuticals, Anheuser, Busch InBev, Intel, United States Steel, Juniper Networks, Chevron, Exxon Mobil, Dominion Energy, Charter Communications, LyondellBasell Industries, Cardinal, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Eaton, Corning, Illinois, Bristol, New York City

☆ A new ETF could disrupt the trillion-dollar money market fund industry. What to know
▼ + stars: | 2024-10-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Total money market fund assets have ballooned to more than $6.5 trillion, according to the Investment Company Institute. Traditional money market fund transactions take place at the end of each trading day, while ETFs trade constantly during market hours. How it works The Texas Capital ETF holds very short-term fixed income instruments, similar to traditional money market funds. It will abide by rule 2a-7 , a U.S. Securities and Exchange Commission regulation that governs the liquidity of holdings in traditional money market funds. Looking forward The potential market for a money market ETF is massive.

Persons: Michael Carbone, That's, Richard Leimgruber, Jeff Schwartz, Brad Roth, Roth Organizations: Texas Capital, Money Market, Federal Reserve, Investment Company Institute, CNBC, U.S . Securities, Exchange Commission, Wealth, ICI, The Texas Capital, Thor Financial Technologies Locations: Texas, Chelmsford, Mass, Tarrytown , New York

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