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☆ Indonesia wants Apple to sweeten its $100 million proposal as tech giant lobbies for iPhone 16 sales
▼ + stars: | 2024-11-22 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

The Indonesian government expects Apple to increase its proposed $100 million investment into the country, according to state media, as the iPhone maker seeks clearance from Jakarta to sell its latest phones. According to a report from Indonesian state media, the country's Ministry of Industry met with representatives from Apple on Thursday regarding its proposal to invest $100 million over two years. "From the government's perspective, of course, we want this investment to be larger," industry ministry spokesperson Febri Hendri Antoni Arif told state media on Thursday. While Indonesia represents a small market for Apple, it also offers growth opportunities as it has the world's fourth-largest population, according to Le Xuan Chiew, a Canalys analyst focusing on Apple strategy research. Success in this market requires a long-term approach, and Apple's investment offer demonstrates a commitment to complying with local regulations and paving the way for future growth, he added.

Persons: hasn't, AirPods Max, Apple didn't, Febri Hendri Antoni Arif, Le Xuan Chiew Organizations: Fifth, Apple, country's Ministry of Industry, CNBC Locations: New York City, Indonesian, Jakarta, Indonesia

☆ 'The Infatuation' CEO on dining trends in the U.S.
▼ + stars: | 2024-11-22 | 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 Email'The Infatuation' CEO on dining trends in the U.S.Paul Needham, CEO of The Infatuation, joins CNBC's 'Squawk Box' to discuss dining trends he's seen around the country recently, how consumers are spending on food, and more.

Persons: Paul Needham Locations: U.S

☆ The Trump trade showed its resilience this week
▼ + stars: | 2024-11-22 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Small-cap stocks were one of the biggest winners on Wall Street this week, serving as a prime example that the Trump trade is alive and well after a brief pause . Small caps were not the only components of the Trump trade that had strong gains this week. According to Tom Fitzpatrick, managing director at R.J. O'Brien & Associates, all signs point toward the Trump trade staying strong. Tesla, other stock components of the Trump trade Electric vehicle stock Tesla advanced nearly 10% this week. "I believe energy still has a lot to prove and the Trump trade didn't work out as well as investors thought it supposed to over his first term."

Persons: Trump, Russell, Donald Trump, Tom Fitzpatrick, Fitzpatrick, Bitcoin, Gary Gensler, Tesla, Elon Musk, Vivek Ramaswamy, Halliburton, Jay Woods, Woods Organizations: Nasdaq, Dow Jones, Investors, Trump, Tesla, Trump Media & Technology Group, Halliburton, U.S . Steel, O'Brien & Associates, CNBC, U.S, Securities and Exchange Commission, Freedom Capital Markets . Energy

☆ TJ Maxx says Trump’s tariff ‘chaos’ will help the chain
▼ + stars: | 2024-11-22 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

But TJ Maxx believes that Trump’s tariff plans will benefit the discount chain. TJX, the parent company of TJ Maxx, Marshalls and HomeGoods, said Wednesday that the “chaos” Trump’s tariffs may bring to the retail industry plays right into its business model. Tariffs are taxes placed on imported goods designed to protect domestic manufacturers. Unlike most brands and retailers, TJX says it only imports a small, undisclosed percentage of its merchandise from factories overseas. “In other words, even if prices do generally rise because of tariffs, TJX will still be relatively cheaper.”

Persons: Donald Trump’s, TJ Maxx, it’s, ”, Ernie Herrman, ” “ That’s, TJX, Trump, Herrman, Lowe’s, Steve Madden, John David Rainey, ” Neil Saunders Organizations: New, New York CNN — Companies, Marshalls, Companies, National Retail Federation, “ Manufacturers, Peterson Institute for International Economics, Walmart, CNBC, GlobalData, CNN, “ Locations: New York, HomeGoods, East, China, TJX

☆ Stocks making the biggest moves premarket: Gap, NetApp, Intuit and more
▼ + stars: | 2024-11-22 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Intuit — Stock in the financial software firm pulled back about 3% after its earnings guidance for the current quarter missed analyst estimates. Intuit forecast second-quarter earnings of $2.55 to $2.61 per share, while analysts polled by FactSet were looking for a profit of $3.25 per share. Ross' third-quarter earnings of $1.48 per share surpassed the $1.40 forecast from analysts polled by LSEG. NetApp earned $1.87 per share, after adjustements, on revenue of $1.66 billion, while analysts polled by LSEG were looking for a profit of $1.78 per share and revenue of $1.65 billion. Elastic — The software stock jumped 24% after the company posted an earnings beat.

Persons: FactSet, Goldman Sachs, Ross, NetApp, LSEG, — CNBC's Michelle Fox, Sean Conlon Organizations: Intuit —, Intuit, Ross, LSEG Locations: LSEG .

☆ Trump's tariffs would pose modest stagflationary shock to economy, says Wells Fargo's Jay Bryson
▼ + stars: | 2024-11-22 | 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 EmailTrump's tariffs would pose modest stagflationary shock to economy, says Wells Fargo's Jay BrysonJay Bryson, Wells Fargo chief economist, joins CNBC's 'The Exchange' to discuss macro outlooks, expectations for how tariffs could impact the economy, and more.

Persons: Wells Fargo's Jay Bryson Jay Bryson, Wells Locations: Wells Fargo

☆ Why demand for New York City office space is moving higher again
▼ + stars: | 2024-11-22 | 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 EmailWhy demand for New York City office space is moving higher againScott Rechler, chairman and CEO of RXR, joins CNBC's 'Squawk Box' to discuss return to office trends, the next decade of New York City real estate, and more.

Persons: Scott Rechler Organizations: New York Locations: New York City, New

Grocery inflation just hit its peak after a single banana was sold for $6.2 million on Wednesday. Cryptocurrency entrepreneur Justin Sun dropped over $6 million on the piece of produce — because it was duct-taped to a wall. The banana is part of a piece of artwork called "Comedian," created by the Italian artist and satirist Maurizio Cattelan. People view Maurizio Cattelan's "Comedian" on Oct. 25, 2024, in New York City. But the value of the artwork is not in the banana itself — it's derived from the certificate accompanying the purchase.

Persons: Justin Sun, Maurizio Cattelan, Maurizio Cattelan's, John Nacion, Sun, —, Sun's, ’, ” David Galperin Organizations: Getty, CNBC, Associated Press, Art Basel Miami Locations: Italian, New York City, John

A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales were 2.9% higher than October of last year, marking the first annual increase in more than three years. While mortgage rates remain elevated, they are expected to stabilize.”There were 1.37 million units for sale at the end of October, an increase of 19.1% from October 2023. That is still high historically, but lower mortgage rates likely caused that share to drop. Mortgage rates are much higher now, at 7.05% on the 30-year fixed.

Persons: ”, Lawrence Yun, ” Yun, Chen Zhao Organizations: National Association of Realtors, Mortgage News, Fed Locations: Redfin

The Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. Additionally, the DOJ said that Google be prevented from entering into exclusionary agreements with third parties like Apple and Samsung. In August, a federal judge ruled that Google holds a monopoly in the search market. Last month, the DOJ indicated it was considering a breakup of Google businesses, including potentially breaking up its Chrome, Play or Android divisions.

Persons: Sherman Organizations: Justice, Google, Chrome, DOJ, Apple, Samsung, Microsoft, Android

☆ Jim Cramer's big takeaway from the market reaction to Nvidia's earnings beat
▼ + stars: | 2024-11-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Nvidia's "biggest problem is allocation," Jim Cramer said, referring to the supply crunch for its next-gen Blackwell chips. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Blackwell, Jim, there's, Deere, There's, Stocks, Jim Cramer's, PANW, DOV Organizations: CNBC, Dow Jones, Nasdaq, Nvidia, Club, Deere, Palo Alto Networks, Palo, Blackwell, Electrical, Eaton, BJ's Wholesale Locations: Palo Alto, Dover

☆ Bluesky CEO: Our platform is 'radically different' from anything else in social media
▼ + stars: | 2024-11-21 | 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 EmailBluesky CEO: Our platform is 'radically different' from anything else in social mediaJay Graber, Bluesky CEO, joins CNBC's 'Money Movers' to discuss how Bluesky developed as competitor to X, expectations for growth, and more.

Persons: Jay Graber, Bluesky

☆ Watch CNBC's full interview with Galaxy founder and CEO Mike Novogratz
▼ + stars: | 2024-11-21 | 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 EmailWatch CNBC's full interview with Galaxy founder and CEO Mike NovogratzMike Novogratz, Galaxy founder and CEO, joins 'Squawk Box' to discuss Bitcoin's recent price action, how investors should trade this cryptocurrency and much more.

Persons: Mike Novogratz Mike Novogratz Organizations: Galaxy

☆ Intuit shares drop as quarterly forecast misses estimates due to revenue getting delayed
▼ + stars: | 2024-11-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts' estimates due to some sales getting delayed. Intuit called for second-quarter earnings of $2.55 to $2.61 per share, with $3.81 billion to $3.85 billion in revenue. At Thursday's close, Intuit shares were up about 9% so far in 2024, while the S&P 500 has gained almost 25% in the same period. On Tuesday Intuit shares slipped 5% after The Washington Post said U.S. President-elect Donald Trump's proposed Department of Government Efficiency had discussed developing a mobile app for federal income tax filing. WATCH: H&R Block, Intuit shares fall after report Trump admin considering a free tax-filing app

Persons: Sasan Goodarzi, LSEG, Sandeep Aujla, Aujla, Donald Trump's, CNBC's Jon Fortt, Goodarzi, he's Organizations: Intuit, Global Business Solutions Group, Small, Washington Post, Government Efficiency, CNBC, Trump Locations: Los Angeles, MailChimp, Thursday's

☆ Rep. Marjorie Taylor Greene tapped to work with Elon Musk and Vivek Ramaswamy as new DOGE subcommittee chair
▼ + stars: | 2024-11-21 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Rep. Marjorie Taylor Greene, R-Ga., attends a roundtable discussion with members of the House Freedom Caucus on the COVID-19 pandemic at The Heritage Foundation on Thursday, November 10, 2022. Rep. Marjorie Taylor Greene, R-Ga., has been tapped to lead a new House subcommittee that will work with the so-called Department of Government Efficiency led by Elon Musk and Vivek Ramaswamy. Greene and House Oversight Chairman James Comer, R-Ky., have met with Ramaswamy and his team and are "already working together," a source familiar with the matter told CNBC on Thursday. "I'm excited to chair this new subcommittee designed to work hand in hand with President Trump, Elon Musk, Vivek Ramaswamy, and the entire DOGE team," Greene said in a statement to CNBC. It aims to investigate government waste, and seek out ways to reorganize federal agencies and cut red tape, the source said.

Persons: Marjorie Taylor Greene, Elon Musk, Vivek Ramaswamy, Greene, James Comer, Ramaswamy, Comer, Donald Trump, Trump Organizations: Caucus, Heritage Foundation, Government, CNBC, President, DOGE, Fox News Locations: Ky

☆ Watch CNBC's full interview with Mountain CEO Mark Douglas and BofA's Jessica Reif Erlich
▼ + stars: | 2024-11-21 | 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 EmailWatch CNBC's full interview with Mountain CEO Mark Douglas and BofA's Jessica Reif ErlichJessica Reif Erlich, senior media and entertainment analyst at BofA Securities, and Mark Douglas, Mountain CEO, join CNBC's 'The Exchange' to discuss Comcast's newly-announced spinoff of its cable channels, what's next for the media industry, and more.

Persons: Mark Douglas, BofA's Jessica Reif Erlich Jessica Reif Erlich, CNBC's Organizations: Mountain, BofA Securities Locations: Mountain

☆ The world runs on Nvidia, says Altimeter Capital's Brad Gerstner
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe world runs on Nvidia, says Altimeter Capital's Brad GerstnerBrad Gerstner, founder and CEO of Altimeter Capital, joins CNBC's 'Halftime Report' to discuss why he's buying more Nvidia after their earnings report.

Persons: Brad Gerstner Brad Gerstner Organizations: Nvidia

☆ Hyundai unveils Ioniq 9 electric vehicle as company encroaches on Tesla's market share
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHyundai unveils Ioniq 9 electric vehicle as company encroaches on Tesla's market shareCNBC's Phil LeBeau reports on the potential removal of a tax credit for electric vehicle buyers.

Persons: Phil LeBeau Organizations: Hyundai

☆ Digital Realty CEO: We're building a long runway of growth
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDigital Realty CEO: We're building a long runway of growthAndy Power, Digital Realty president and CEO, joins CNBC's 'Money Movers' to discuss the company's most recent earnings.

Persons: Andy Power Organizations: Digital, Digital Realty

☆ Watch Thursday's full episode of the Halftime Report — November 21, 2024
▼ + stars: | 2024-11-21 | 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 EmailWatch Thursday's full episode of the Halftime Report — November 21, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ The $5 trillion deficit battle to extend President-elect Trump's 2017 tax policy
▼ + stars: | 2024-11-21 | 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 EmailThe $5 trillion deficit battle to extend President-elect Trump's 2017 tax policyCNBC’s Emily Wilkins joins 'Power Lunch' to discuss the congressional deficit battle over extending 2017 GOP tax changes.

Persons: Emily Wilkins

☆ We're scooping up more shares of an AI stock down 12% from record highs
▼ + stars: | 2024-11-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 750 shares of AVGO, increasing its weighting to about 3.50% from about 3.25%. We're nibbling on Broadcom shares, buying back the second half of the 100 shares we sold in June at a split-adjusted price of $181. Like most chip stocks excluding Nvidia, Broadcom has fallen from its recent highs. Shares of this AI chip designer and software company have pulled back nearly 12% since closing at a high of nearly $186 apiece on Oct. 9. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, We're, That's, –, Jensen Huang, Blackwell, Jim Cramer, Jim, Michael M Organizations: Broadcom, AVGO, Nvidia, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: New York City

☆ SEC Chair Gary Gensler to step down on January 20
▼ + stars: | 2024-11-21 | 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 EmailSEC Chair Gary Gensler to step down on January 20CNBC's Eamon Javers reports on the latest regulatory news with a new administration set to take office in January.

Persons: Gary Gensler, Eamon Javers Organizations: SEC

☆ Trade Tracker: Brad Gerstner sells Uber
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Brad Gerstner sells UberBrad Gerstner, founder and CEO of Altimeter Capital, joins CNBC's 'Halftime Report' to discuss why he's selling Uber.

Persons: Brad Gerstner

☆ Britain’s 'mini-budget' disaster should serve as a warning to the U.S., bond strategists say
▼ + stars: | 2024-11-21 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Bloomberg | Bloomberg | Getty ImagesFears are mounting that the U.S. could soon experience its own version of Britain's "mini-budget" crisis, with bond strategists warning that Donald Trump's return to the White House brings with it the specter of currency volatility and surging bond yields. The former president's economic agenda has ratcheted up concerns about a surge in consumer prices, which strategists say could spark significant shifts in bond yields and investor behavior. They warn a scenario that mirrors Britain's mini-budget crisis of 2022 is not out of the question. watch nowBritain's mini-budget crisis refers to a tumultuous period under former Prime Minister Liz Truss and ex-Finance Minister Kwasi Kwarteng. Bond yields tend to rise when market participants expect higher consumer prices or a growing budget deficit.

Persons: Donald Trump, Donald Trump's, Trump, Remtulla, Liz Truss, Kwasi Kwarteng, Kwarteng, Althea Spinozzi, Trump's, Spinozzi, Angela Weiss, Paul Ashworth, Ashworth, Thierry Wizman, likelier, Wizman Organizations: Economic, of New, Bloomberg, Getty, EFG, CNBC, U.S ., Finance, U.S, Bank of England, Saxo Bank, White, Treasury, Traders, New York Stock Exchange, AFP, Capital Economics, Macquarie Group Locations: of New York, New York, U.S, Foreign, Treasurys, Treasuries, New York City, America

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