Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Charts"


25 mentions found


Gold rangebound as investors brace for key U.S. economic data
  + stars: | 2024-10-03 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices were trading in a tight range on Thursday as traders remained on the sidelines ahead of a key U.S. economic data that may provide clues about the size of the Federal Reserve's interest rate cuts expected later this year. Gold prices were trading in a tight range on Thursday as traders remained on the sidelines ahead of a key U.S. economic data that may provide clues about the size of the Federal Reserve's interest rate cuts expected later this year. Investors are watching out for the ISM services data and the initial jobless claims, due later in the day, along with the U.S. non-farm payroll data expected on Friday. Gold tends to thrive in a low interest rate environment and political turmoil. Elsewhere, Perth Mint's gold product sales touched a 10-month high in September, while silver sales hit a seven-month high.
Persons: Brian Lan, , CME's, Lan Organizations: GoldSilver Central, Investors, U.S . Locations: Singapore, Israel, Beirut, Iran, Perth
Oil prices keep pushing higher as tensions build in the Middle East, and the moves in crude appear to be weighing on the stock market. Overlaying the charts of the United States Oil Fund LP (USO) and the S & P 500 in recent days shows that the fund and the index appear to be inversely correlated. In other words, when the oil fund climbs during the day, the stock market tends to dip, and vice versa. This is a change from rest of the year, when there appeared to be little relationship between the price of oil and the broad stock market. In midday trading Thursday, U.S. crude oil prices were up 4% , and the USO had jumped roughly 3%.
Persons: Jeremiah Buckley, Janus Henderson, Buckley Organizations: United States Oil Fund, CNBC, USO Locations: Iran, Israel
Before this week's downside price gap, it's worth noting that Nike was testing a major resistance level into last week. To add to this "confluence of resistance," we can also see the 200-day moving average looming large, currently sitting just above $91. The weekly chart can provide some additional context as to what the recent upswing means relative to the long-term trend for Nike. The long-term trend has been decidedly negative for NKE, with price remaining below the 150-week moving average since Q2 2022. Nike also sits below a downward-sloping 40-week moving average, which is essentially the same as the 200-day moving average on the daily chart.
Persons: downtrend, NKE, David Keller Organizations: Nike Inc, Nike, CMT, CNBC, NBC UNIVERSAL
Reducto raised $8.4 million in seed funding to develop AI for reading complex documents. AdvertisementLarge language models struggle to parse data in PDFs and spreadsheets, and one startup just raised a supersized seed funding round to build tech that can read these documents the way humans do. Reducto, which was founded in 2023 and a member of Y Combinator's winter 2024 batch, is announcing it raised $8.4 million in a seed funding round led by First Round Capital. One, Humata AI, raised $3.5 million from Google's Gradient Ventures a year ago, while OpenAI's ChatGPT Store showcases multiple AI PDF developers. AdvertisementCheck out the 13-slide pitch deck Reducto used to raise $8.4 million in seed funding.
Persons: Reducto, , Y, Liquid2, Arash Ferdowsi, Andrew Ofstad, Kulveer Taggar, Zeus, JJ Fliegelman, Richard Aberman, Ralph Goottee, Tracy Young, Adit Abraham Organizations: Service, First Round, Big Tech
The Energy Select Sector SPDR ETF (XLE) was the worst performing sector ETF in September. The XLE ETF (and many of its holdings) has been trying to etch out a bottom for a number of weeks, and the charts we're reviewing today suggest that momentum finally could be turning positive. XLE has been making lower lows and lower highs since peaking in March. Both prior times, eventually logging a higher low gave XLE the firepower it needed to finally punch through a key downtrend line. Recently, the higher lows have been marginal, but considering that we haven't seen a material lower low in nearly five years, it's noteworthy.
Persons: it's, XLE, It's, XLE's downtrend, We've, Said, we're, Frank Cappelleri Organizations: CNBC, NBC UNIVERSAL
Adam Brody plays a charming rabbi on Netflix's new series "Nobody Wants This," costarring Kristen Bell. Brody's big breakout role was Seth Cohen in the hit teen drama series "The O.C." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Adam Brody renaissance is in full swing thanks to Netflix's new show "Nobody Wants This." For people just discovering Brody through "Nobody Wants This," it's baffling why he isn't one of the most booked and busy rom-com actors.
Persons: Adam Brody, Kristen Bell, Seth Cohen, Gilmore, , Brody, Noah Roklov, Joanne, Noah, Brody's, Bell Organizations: Service, Netflix
Before we get started, it's important to point out that I believe that broader equity markets remain in a secular bull market with global central banks' easing monetary policy amid a backdrop of a boom in artificial intelligence that carries equity markets significantly higher in coming quarters. But the key in my opinion was that real interest rates were going higher. The way I'm defining 'real interest rates' is the prevailing nominal yield on a bond, the 10-year Treasury in this example, adjusted by the expected 10-year inflation level. Put simply, real interest rates are how much you actually earn on a fixed income investment after adjusting for inflation. So my outlook is that gold will continue to rally alongside equity markets.
Persons: let's, Todd Gordon, Gordon, HMY Organizations: Harmony, Equity, Treasury, Stock, Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: South
The Chinese stock market just had its best single day in more than a decade. It's also the last trading day of the week in China due to the Golden Week holiday. Against this backdrop, Roth MKM's JC O'Hara highlighted one S & P 500 sector that might benefit the most from a rebound in China's economy: materials. Some materials stocks highlighted by O'Hara as potential winners, at least based on their price charts alone, are O-I Glass , Corteva and Freeport-McMoRan . To be sure, investors should tread carefully in materials, O'Hara said.
Persons: It's, Roth MKM's JC O'Hara, O'Hara Organizations: CSI, Seaport, Disney Locations: China, Freeport, McMoRan
Wall Street analysts' recommendations and in-depth analysis can help investors choose dividend stocks that can enhance total returns with passive income and stock price appreciation. Northern Oil and GasThis week's first dividend stock is Northern Oil and Gas (NOG), a non-operated, upstream energy asset owner. Recently, Mizuho analyst William Janela initiated a buy rating on NOG stock with a price target of $47. With a quarterly dividend of $1.40 per share (annualized dividend of $5.60), DRI stock offers a dividend yield of 3.3%. He added that the company's price reduction across nearly 5,000 items over the summer fueled higher unit and dollar sales.
Persons: Wall, NOG, William Janela, Janela, TipRanks, Darden, Peter Saleh, Uber, Saleh, Jim Lee, Jefferies, Corey Tarlowe, Tarlowe, Lee Organizations: Federal Reserve, Wall Street, Northern Oil, Mizuho, Darden, Uber, Olive Garden, Target, PepsiCo Locations: U.S, Olive
SoftBank founder Masayoshi Son has spent his life putting bold bets on the future of technology. SoftBank, the media-technology conglomerate Son founded two decades prior, was riding high on the glory it attained in the dot-com boom. He was told he was special," Barber told BI. "He wants to be seen as the great modernizer transforming this petrostate into a truly modern economy where technology is at the forefront," Barber told BI. But as previous cycles in Son's life dictate, the flurry of enthusiasm is typically followed by failure.
Persons: Masayoshi Son, Lionel Barber, , Son, Bill Gates, Masa —, Uber, Barber, Vladimir Putin, Barack Obama, — he's, Jack Ma's Alibaba, Wang, he's, Napoleon Bonaparte, Genghis Khan, Qin Shi Huang, Emperor of, Microsoft's Gates, Jordan Strauss, Mitsunori, SoftBank, Rupert Murdoch, Larry Ellison, Jack Welch, Steve Jobs, Masayoshi, Justin Sullivan, Rajeev Misra, Nikesh Arora, Phil McCarten, Abu Dhabi's Mubadala, Mohammed bin Salman, Saudi, Michael Moritz, Kim Jong, Adam Neumann, Donald Trump, Wirecard, Jesus, NurPhoto, He's, Allen Lane Organizations: Service, Financial Times, Kremlin, Yahoo, Popular Electronics, Vision, Deutsche Bank, Google, Reuters, Saudi Arabia's Public Investment Fund, Vision Fund, Valley's, Sequoia Capital, Greensill, Nvidia, Signal Publishers Locations: Tokyo's Roppongi, Japan, Masayoshi, Washington, Wayne, Emperor of China, Kyushu, United States, Riyadh, Berkeley, Las Vegas
CNN —As the MLB season nears its conclusion, the playoff picture continues to get clearer with each passing game. But until it did, you just didn’t know.”Ohtani continues Triple Crown pursuitWhile teams were clinching playoff berths, Shohei Ohtani was continuing his incredible season. Ohtani hit another home run, stole another base and kept his chances of winning the Triple Crown alive. Shohei Ohtani continues his incredible season for the Los Angeles Dodgers. The Japanese superstar now needs to chase down the San Diego Padres’ Luis Arraez’s batting average to secure the first Triple Crown since 2012.
Persons: , we’ve, Tarik Skubal, Skubal, American League Cy Young, , Hinch, Chicago White Sox Nic Antaya, Vinnie Pasquantino, we’re, Picollo, ” Picollo, ” Ohtani, Ohtani, Shohei Ohtani, Matthew Stockman, Luis Arraez’s, “ He’s, Dave Roberts, Organizations: CNN, MLB, Detroit Tigers, Kansas City Royals, Chicago White Sox, Tigers, Los Angeles Angels, Chicago, Bally Sports Detroit, American League, , ” Tigers, The Detroit Tigers, Royals, Atlanta Braves, Baltimore Orioles, Minnesota Twins, ” Royals GM J.J, Kansas, Triple, LA Dodgers, Colorado Rockies, Los Angeles Dodgers, Getty, League, San Diego Padres, Triple Crown, ” Dodgers Locations: Kansas City
He's a quant fund manager who uses hundreds of models to execute trades across multiple assets. And he's good at what he does: in the 2023 World Cup Championship of Futures Trading, Scherman finished first with a 491.4% return, according to competition records. I was trading in the Argentina market," Scherman said. This is because a trader can't predict the next market regime and must prove that their thesis can survive changes. "I need to have the capital to recover from that loss," Scherman said.
Persons: Ivan Scherman, , Scherman, hadn't, David Aronson, shouldn't, it's Organizations: Futures, Service, New York Stock Exchange, Chicago Mercantile Exchange, University of Buenos, Argentine Financial Markets Institute Locations: Buenos Aires, Argentina, University of Buenos Aires
Chappell Roan — who faced a dayslong backlash online for her recent comments about the November presidential election — announced Friday that she is dropping out of the All Things Go music festivals. In a statement on her Instagram story, Roan apologized to fans, saying that "things have gotten overwhelming over the past few weeks." All Things Go issued its support for Roan, saying in a statement on X that "health and well-being always comes first." "All Things Go strongly supports artists prioritizing their well-being and we ask our community to rally behind Chappell Roan with love and understanding," the festival wrote in its statement, sharing a screenshot of Roan's Instagram story. "Let's continue to show the world that music fans support not only the art, but the artists themselves."
Persons: Chappell Roan —, , Roan, Chappell Roan, Let's, Kamala Harris, ” Roan Organizations: Guardian, Governors Ball Music, White, Democratic Party Locations: New York City, Columbia , Maryland, Gaza, Franklin , Tennessee
Chin-Hong said the variant is a so-called recombinant of two other strains — KS.1.1 and KP.3.3 — meaning that genetic information was exchanged between them to form a third strain, XEC, Chin-Hong said. Is the XEC variant more contagious? Chan School of Public Health, said there’s no evidence yet that the XEC variant is much more transmissible than what’s currently circulating. The variant is closely related to KP.2, the strain targeted by the updated vaccines from Pfizer and Moderna. Bright, however, cautioned that clinical data is ultimately needed to determine how well the updated vaccines work against the XEC variant.
Persons: , , Peter Chin, ” XEC, we’re, Rick Bright, Hong, Bill Hanage, ” Hanage, It’s, XEC, Hanage, “ It’s, Marc Johnson, Johnson, There’s, ” Chin, ” Johnson, ” Bright Organizations: Centers for Disease Control, Prevention, University of California, Biomedical, Research, Development Authority, Department of Health, Human Services, CDC, Harvard, of Public Health, University of Missouri School of Medicine, Pfizer, Moderna Locations: United States, San Francisco, Europe, Chin, U.S, Chan, Germany, Netherlands, France
The good news is that recent data suggests a decline in overdose deaths, the first significant drop in decades. Skyrocketing overdose deaths are nearly unavoidable, regardless of whether a state enforces tough penalties for drug possession or decriminalizes it. Since 2021, at least two-thirds of America’s 100,000 annual overdose deaths involved a synthetic opioid like fentanyl. Overdose deaths in the Northeast Deaths per 100,000 people Looking at regional overdose deaths shows this pattern clearly. It’s not coincidental that the exponential rise in overdose deaths has occurred in tandem with a profound increase in income inequality.
Persons: bartenders, skyrockets, didn’t Organizations: for Disease Control, National Forensic Laboratory Locations: East Coast, United States, America, East, Mississippi, Texas, Idaho, Oregon, New York City, Chicago, Rural West Virginia, Florida, West, U.S, Mexico
For long term investors we continue to believe they have the best enterprise AI platform and retain our 18-month $500 price target." Truist initiates First Solar as buy Truist said the solar company has a wide moat. " Deutsche Bank reiterates Tesla as buy The firm said it's sticking with its buy rating heading into the company's delivery report in October. UBS reiterates Micron as buy UBS said it's sticking with the stock following earnings on Wednesday. "We are taking the opportunity to reaffirm our positive view on DKNG and up our year-end 2025 price target to $54."
Persons: Goldman Sachs, Goldman, Morgan Stanley downgrades, Morgan Stanley, Oppenheimer, Truist, Tesla, Jefferies downgrades Hershey, Jefferies, it's, Orion, Bernstein, NYCB, Morgan Stanley downgrades Sonos, there's, JPMorgan, Ralph Lauren Organizations: UBS, GE Healthcare, Entertainment, Tencent, Microsoft, Inc, Deutsche Bank, Hershey, Susquehanna, Nvidia, NVIDIA, Nike, Deutsche, Apple, Barclays, Community Bank, Micron, MU, " Bank of America, Meta, Bank of America, SONO, UW, GE Vernova, GE, RL Locations: China
The Chinese central bank unrolled the most significant stimulus program since the COVID-19 pandemic and Chinese equities are starting to show signs that the long history of underperformance relative to western equities could possibly be on borrowed time. The name that has already demonstrated leadership that we want to focus on should this move into Chinese names continues is Tencent Holdings (TCEHY) . Before we get further into the company specifics it's important to reiterate that Chinese equities have under-performed U.S. equities since 2007. The goal of the program according to Chinese officials is to return the economy to a 5% growth rate. Turning to the focus company Tencent Holdings (TCHEY) is a multinational technology conglomerate listed on the Hong Kong exchange since 2004.
Persons: TCHEY, Todd Gordon, Gordon Organizations: Tencent Holdings, People's Bank of China, Hong, Inside Edge, CNBC, NBC UNIVERSAL Locations: China, Hong Kong
Pop star Chappell Roan revealed in a TikTok video Wednesday that she’s voting for Vice President Kamala Harris in November, though she stopped short of endorsing the Democratic presidential candidate. The singer-songwriter’s announcement followed an intense and dayslong online backlash from her liberal fanbase. Others called her a “closet Republican.”In response to the backlash, Roan released a TikTok video Tuesday saying she was not voting for former President Donald Trump, though that message did little to quell the fan fury. Visibly frustrated with her critics, Roan on Wednesday tried to clear the air for good on where she stands on the 2024 election. “Team PopFlop is sincerely apologising for the post regarding Chappell Roan’s issues with endorsement,” the account, which has over 36,000 followers, said.
Persons: Chappell Roan, Kamala Harris, Roan, , Donald Trump, “ I’m, you’re, ” Roan, Kamala, , Harris, Roan’s, Brian Hughes, Trump, , I’ll, PopFlop, Chappell Organizations: Democratic, Guardian, Republican, Governors Ball Music, White, , NBC Locations: Gaza, Israel, Pennsylvania , Wisconsin, Georgia, New York City
Analysts are warning that Coinbase could be entering a down trend after the stock scored a six-day-long advance. In early trading Wednesday, Coinbase rose as much as 1.3%, paving the way for what may be its seventh straight gain. "Coinbase looks very toppy to me as the recent bounce out of the oversold condition looks to be stalling out," Wolfe Research macro strategist Rob Ginsberg told CNBC. Lau also cited muted trading volume on crypto exchanges and pressure on subscription and services revenue due to the declining interest rate outlook. But cryptocurrency "trading volume could jump" when interest rates move even lower and if bitcoin again challenges its all-time high, Lau noted.
Persons: Coinbase, Wolfe, Rob Ginsberg, Tamplin, Owen Lau, Oppenheimer, Lau, bitcoin, Bitcoin, Nick Wells Organizations: Wolfe Research, CNBC Locations: bitcoin
The new documentary “Super/Man: The Christopher Reeve Story” reconstructs his life and career, ultimately rendering a sensitive, harrowing and incredibly human portrait of the man as actor, advocate, husband and father. “You don’t overcome grief, you live with grief,” Bonhôte said in a recent interview with CNN. Reeve also worked with the American Paralysis Association, which soon became the Christopher Reeve Foundation. Ettedgui, who identifies himself as “definitely a Superman kid,” was moved by Reeve’s obvious effect on those around him, but was also “struck” by his internal journey. 24-year-old American actor Christopher Reeve plays the comic-book hero as he mends a broken railway track in a scene from the film "Superman."
Persons: Christopher Reeve, Reeve, , Ian Bonhôte, Peter Ettedgui –, “ McQueen ”, , ” Bonhôte, , Ettedgui, Chris, ” Ettedgui, Robin Williams, Jeff Daniels, William Hurt, Daniels, Dana, Will –, Will Reeve, Matthew, Alexandra, It’s Organizations: CNN, Netflix, Reeve Foundation, Juilliard, CNN Films, HBO, Films, DC Studios, Warner Bros . Locations: Virginia, Hollywood, , American, New York
Not surprisingly, the news has given a jolt to the most liquid Chinese ETF today, as well. The iShares China Large Cap ETF (FXI) has been trading even higher than that so far on Tuesday. The ETF was trading considerably higher in pre-market trading hours and opened a whopping 6% higher from the prior day's close. And that's exactly why we need to look beyond the last few months to a get true sense of its trend. And at that point, the ETF would be hitting its highest level since early 2022.
Persons: it's, FXI, that's Organizations: Shanghai Stock, RSI, CNBC, NBC UNIVERSAL Locations: China
CNN —ABBA legend Björn Ulvaeus has tied the knot for the third time, marrying his partner Christina Sas on Saturday in a ceremony officiated by comedian and ex-“Great British Bake Off” host Sandi Toksvig. “Today on the 21st of September 2024, Björn Ulvaeus married Christina Sas from Herning, Denmark,” a statement posted on the 79-year-old songwriter and guitarist’s Instagram page reads. Former "Great British Bake Off" host Sandi Toksvig married the couple in Copenhagen, Denmark. Ulvaeus married Fältskog in 1971 and Andersson and Lyngstad wed in 1978. Ulvaeus married Lena Kallersjö in 1981 but the pair divorced after 41 years of marriage in 2022, a year after ABBA reunited.
Persons: Björn Ulvaeus, Christina Sas, Sandi Toksvig, , guitarist’s, Mike Marsland, ABBA’s, ” Toksvig, Ulvaeus ’, Toksvig, Ulvaeus, Agnetha Fältskog, Benny Andersson, Anni, Frid Lyngstad, Fältskog, Andersson, Lyngstad, Mamma Mia, ” Ulvaeus, Lena Kallersjö Organizations: CNN, British, PA Media, ABBA Locations: , Herning, Denmark, Copenhagen, German, Nuremberg,
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: CTVA, Katie Stockton Organizations: Invesco DB Agriculture Fund, Wheat, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: CTVA
For decades, Sean “Diddy” Combs presented the image of a wealthy, Black music mogul, one who broke business barriers, threw lavish parties and even created iconic TV moments. But behind the scenes, prosecutors say, was a more sinister picture, with allegations of violence, sex trafficking and severe abuses of power. Sean "Diddy" Combs during a photo shoot to promote a Sean John fragrance in 2016. Casandra Ventura and Sean "Diddy" Combs attend the the Met Gala in New York City on May 7, 2018. Designer Donna Karan, musician Tommy Lee, singer Mariah Carey, host Sean "Diddy" Combs, Star Jones and rapper Reverend Run at "The Real White Party" presented by Combs at his East Hampton, N.Y., estate on Sept. 2, 2007.
Persons: Sean “ Diddy ” Combs, Combs, Tupac, Al Yankovich, Jennifer Lopez, Versace, , Sean, Diddy, Sean John, Damian Williams, ” Fatima Goss Graves, ” “ Combs, , Goss Graves, ” Combs, Casandra, Cassie ” Ventura, Ventura, Dawn Richard, Rodney “, Rod ” Jones, Derrick Lee Cardello, Smith, Casandra Ventura, John Shearer, Oronike Odeleye, Kelly, Odeleye, ’ ” Odeleye, Combs ’, Craig Mack, Faith Evans, ” Richard, Nate Dogg, Snoop Dogg, Sean Combs, Forbes, Laurieann Gibson, , Paris Hilton, Leonardo DiCaprio, Mariah Carey, Jay, Oprah, ” Carson, Carson, Black, Donna Karan, Tommy Lee, Star Jones, Bryan Bedder, he’s, Mase, Aubrey O’Day, Danity Kane, O’Day, I’ve Organizations: Bad Boy Records, Penske Media, Getty, U.S, Metropolitan Detention, National Women’s Law, Legal Defense Fund, Hollywood, , Uptown Records, Bad Boy Entertainment, MTV, University of Virginia, Labor, Paris, White Party, White, Bad, TMZ Locations: New York, Michigan, New York City, Carson, East Hampton, N.Y
Some fall baby names are obvious. Take Autumn for example, which has been in the top 100 names for American baby girls since the late 1990s. AdvertisementThere are 22 fall baby names that will last a lifetime. Fall symbolsBeyond colors, you can draw naming inspiration from common fall symbols. Giving your fall baby an autumn-inspired name is a great way to pay homage to when they arrived.
Persons: , Sophie Kihm, It's, Goldie, Goldie Hawn, Bruno, Rory, Radley, Opal, October's, September's, Harvey, Bowman, Archer, Otto, Toby, it's, Hazel, Oakley Organizations: Service, Business, Juniper Locations: Nameberry, Aurelia
Total: 25