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If the Fed doesn't cut rates in December, we may see mortgage rates inch up. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? 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. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.60%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down compared to where they were a year ago.

Persons: Jerome Powell, It's, they've, Freddie Mac, Fannie Mae Organizations: Federal Reserve, Fed, Mortgage Research, Zillow, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ Chief transformation officers join the C-suite to drive innovation at speed
▼ + stars: | 2024-11-20 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +7 min

As companies across the US confront complex challenges that require overhauling strategies, reimagining business models, and adapting workforce dynamics, many are appointing chief transformation officers to drive these changes. The core figures, including the CEO, the chief operating officer, and the chief financial officer, focus on delivering quarterly results. Being a chief transformation officer, Jesuthasan said, is akin to "building the train while you're driving it down the tracks." AdvertisementBrandon Batt, the chief transformation officer at Quadient, a company focused on digital transformation, knows this all too well. Kinney recently wound down her role as chief transformation officer at Wex.

Persons: Kristy Kinney, Kinney's, Kinney, Alicia Pittman, Pittman, Ravin, Mercer, Jesuthasan, They're, Brandon Batt, Batt, Chengyi Lin, Lin, it's, Gartner Organizations: Boston Consulting Group, Boston Consulting, Organization Locations: Portland , Maine

☆ SpaceX completes sixth Starship flight, with both booster and spacecraft splashing down
▼ + stars: | 2024-11-19 | by ( Michael Sheetz | ) www.nbcnews.com time to read: +4 min

SpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up momentum of the mammoth vehicle’s development. Pushing the envelopeSpaceX has flown the full Starship rocket system on six spaceflight tests so far since April 2023, at a steadily increasing cadence. The company said on its website that it made hardware upgrades to the rocket’s booster for improved redundancy and improved structural strength. The Starship system is designed to be fully reusable and aims to become a new method of flying cargo and people beyond Earth. Fully stacked on the Super Heavy booster, Starship stands 397 feet tall and is about 30 feet in diameter.

Persons: Elon Musk’s, Donald Trump, Trump, SpaceX’s, Musk Organizations: SpaceX, Federal Aviation Administration, Super Locations: Brownsville , Texas, Gulf, Mexico, Florida

Trump has been “heavily working the phones” to Republican senators for their support on behalf of Gaetz, according to a transition official. Trump announced Gaetz as his pick nearly a week ago. The official said Trump’s transition knows Gaetz is the toughest confirmation they will have to fight for by far. Sen. Kevin Cramer, R-ND, said he had received a phone call from Trump personally urging him to support Gaetz. This year, Trump announced his first pick to be White House Chief of Staff Susie Wiles just two days after election day.

Persons: Donald Trump, Justice Department — Matt Gaetz —, Trump, JD Vance, Chris Wray's, Vance, Biden, Pete Hegseth, Gaetz, “ Trump, Sen, John Thune, Kevin Cramer, ” Cramer, Ron Klain, Susie Wiles, Ben Carson, Carson, Elon Musk, Musk, Howard Lutnick Organizations: Justice Department, FBI, Trump, State , Defense, Homeland Security, Commerce, National Intelligence and National Security, White, Urban, Treasury Department, ‘ Department, Government Locations: Mar

☆ Police arrest ex-Bolsonaro aide, four others, in alleged plot to kill Brazil’s Lula in coup
▼ + stars: | 2024-11-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The arrests were the first time in the investigation that federal police have mentioned a plot to kill Lula and Geraldo Alckmin, his choice as vice-president, and stage a coup to stop him returning to power. He was in possession of the plan to kill Lula, one of the sources said. Lula won the presidential election in October 2022, defeating rightist incumbent Bolsonaro, and took office in January 2023. They also planned to seize and kill a Supreme Court justice if they succeeded, police said, without naming the judge. Others have been convicted by the Supreme Court on charges of an attempted coup, among other crimes.

Persons: Jair Bolsonaro’s, Luiz Inacio Lula da Silva, Lula, Geraldo Alckmin, General Mario Fernandes, Bolsonaro, General Fernandes, Alexandre de Moraes Organizations: SAO PAULO —, Special Forces, Reuters, Federal, Federal District, Crisis Management Locations: BRASILIA, Rio de Janeiro, Goias, Amazonas, Brasilia

☆ Ramaswamy's 'jackhammer and chain saw' plan to force federal workers back into the office.
▼ + stars: | 2024-11-19 | by ( Laura Strickler | Laura Strickler Is A Senior Investigative Producer | Reporter For Nbc News. She Is Based In Washington. | ) www.nbcnews.com time to read: +4 min

Vacant federal office space in downtown Washington is costly to maintain and a deep source of frustration to Mayor Muriel Bowser. She told reporters last week that she had requested a meeting with President-elect Donald Trump and that top on her agenda is pushing federal workers to return to downtown Washington. All told, the U.S. has roughly 2.2 million federal workers. With fewer people in the office, the cost of excess federal office space has become a concern. In 2004, a little over 750,000 federal workers were eligible to work from home.

Persons: WASHINGTON, Vivek Ramaswamy, Elon Musk's, Muriel Bowser, Donald Trump, ” Bowser, “, Ramaswamy, Tucker Carlson, ”, ” Ramaswamy, ” Jacqueline Simon, Musk’s, Kamil Krzaczynski, Simon, Joe Biden, George W, Bush Organizations: Management, American Federation of Government Employees, Bureau of Prisons, NBC, Patrol, Office, Republican, Republican National Convention, Getty, Education Department, OMB, Personnel Management Locations: Washington, ”, U.S, Milwaukee, AFP

Can you sing along to “Wicked” show tunes in a movie theater? “I don’t want to hear you singing.”The discourse surrounding “Wicked” mirrors other recent conversations about etiquette at public gatherings. However, when it comes to movie theater etiquette, the conversation has largely centered around people using their devices during the film. Williams is among the contingent of “Wicked” fans who think singing along in a theater wouldn’t be the worst offense. “But come a second time and let us sing to you.”“We understand it if you do, and if you don’t,” Grande added.

Persons: ”, Alex Lewis, Lewberger, Cynthia Erivo, Ariana Grande, ” Lewis, Glinda, Taylor Swift, Oz, Lexi Williams, “, ’, Jon Chu, Jonathan Bailey, Michelle Yeoh, Madame Morrible, Williams, she’s, she’ll, Alamo Drafthouse, Erivo, ” Erivo, ” Grande, Grande Organizations: Broadway, NBC News, eventual, Shiz, Alamo, Universal Pictures, NBC, Comcast Locations: ”

☆ 45 Hong Kong pro-democracy activists are sentenced to jail in city’s biggest national security trial
▼ + stars: | 2024-11-19 | by ( Jennifer Jett | Jennifer Jett Is The Asia Digital Editor For Nbc News | Based In Hong Kong. | ) www.nbcnews.com time to read: +7 min

HONG KONG — A Hong Kong court sentenced dozens of leading pro-democracy figures to up to 10 years prison Tuesday in the single largest trial under a national security law that critics say has been used to all but eliminate political dissent in the Chinese territory. Lawyers for the defendants have argued that such action was within the bounds of Hong Kong law. In March, Hong Kong’s opposition-free legislature also enacted local national security legislation. Among the 47 are “second-tier pan-democrats” who were previously active members of the Hong Kong legislature, Burns said. Hong Kong officials said last month that there was no time limit for prosecuting the cases, noting that it takes time to gather evidence.

Persons: Benny Tai, Tai, Carrie Lam, Hong Kong’s, Hong, Maya Wang, ”, Tai —, John Burns, Burns, Jimmy Lai, “, Jonathan Sumption, ” Sumption, Kong’s, of Organizations: University of Hong Kong, Hong, Authorities, Human Rights, University of Hong, Apple Daily, Pew Research Center, Financial Locations: HONG KONG, Hong Kong, Beijing, British, U.S, China, University of Hong Kong, Hong Kong’s

☆ Google's antitrust loss could cost Apple billions of dollars
▼ + stars: | 2024-11-19 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

AdvertisementGoogle pays Apple at least $20 billion a year to make its search engine the default on iPhones. Those payments were at the heart of a federal antitrust case Google lost earlier this year. That's because a long-running deal between Apple and Google, where Google pays Apple at least $20 billion a year to make Google the default search engine on iPhones, is at the heart of the US government's antitrust case against Google. (Though, confusingly, an earlier Bloomberg report about the DOJ's plan focused on forcing Google to sell off its Chrome browser and never mentioned the Apple payments.) AdvertisementBut even if that happens, it doesn't mean Apple automatically loses all the money Google pays it every year.

Persons: it's, Judge Amit P, Mehta, Microsoft's Bing, they're, Trump, Tim Cook, Cook Organizations: Apple, Google, US Department of Justice, Street, Bloomberg, Trump, Big Tech Locations: China

☆ The 2025-26 FAFSA is open ahead of schedule — here's why it's important to file for college aid early
▼ + stars: | 2024-11-19 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

This week, the new Free Application for Federal Student Aid expanded its "phased rollout" so all students can now apply for aid for the upcoming academic year. Up until Monday, the 2025-26 FAFSA was only available to limited groups of students in a series of beta tests that began on Oct. 1. Now, the form is open to all and the Department of Education has said it will be out of testing entirely by Nov. 22 — which puts the official launch ahead of schedule. This year, the plan was to be available to all students and contributors on or before Dec. 1. Students who submit a form during this final "expanded beta" phase before Nov. 22 will not need to submit a subsequent 2025–26 FAFSA form, the Education Department said.

Persons: FAFSA, Mark Kantrowitz Organizations: Federal Student Aid, Department of Education, Education Department, Finance

☆ Walmart says prices will 'probably' go up if Trump tariffs take effect
▼ + stars: | 2024-11-19 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

AdvertisementWalmart's CFO said that Trump's proposed tariffs could lead the retailer to raise prices. During Trump's previous term, Walmart said it would try to avoid food price increases by managing costs elsewhere. Walmart CFO John David Rainey said on Tuesday that Trump's sweeping tariff plan could lead the retailer to raise prices on a portion of its products. Related Video"We never want to raise prices," he told CNBC. "Tariffs, though, are inflationary for customers, so we want to work with suppliers and with our own private-brand assortment to try to bring down prices."

Persons: John David Rainey, Trump, Rainey, Doug McMillon, McMillon Organizations: Walmart, CNBC, Walmart US, Target, Costco

☆ CNBC Daily Open: Tesla helps the Nasdaq snap its losing streak
▼ + stars: | 2024-11-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This 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. Individual stocks sway indexesOn Monday, the S&P 500 rose 0.4% and the Nadaq Composite added 0.6%, mostly spurred higher by Tesla . Shares of Goldman Sachs and Salesforce fell, causing the Dow Jones Industrial Average to drop 0.1%. Autonomous vehicles on the agendaTesla shares jumped 5.6% after it was reported that President-elect Donald Trump's incoming administration plans to draw up a federal framework that will regulate self-driving vehicles.

Persons: Goldman Sachs, Salesforce, Donald, Howard Marks, Goldman Organizations: CNBC, Tesla, Dow Jones, China's CSI, Nasdaq, BDO, Vice, JPMorgan, UBS Locations: Asia, Pacific, Hong Kong, China China, China

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Meta, Uber, Netflix, Apollo, Datadog & more
▼ + stars: | 2024-11-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple, Microsoft and Meta as overweight The firm says "mega-cap tech under-ownership narrows" in the third-quarter but that it's sticking with all three stocks. " UBS upgrades Comfort Systems to buy from neutral UBS says the HVAC company is a beneficiary in tech and data center cooling. UBS upgrades American Water Works to buy from neutral UBS says it sees "consistent" total returns for the water company. " Jefferies reiterates Netflix as buy The firm raised its price target on the stock to $1,000 per share from $800. TD Cowen names Datadog a best idea The firm says the stock is a top idea in 2025.

Persons: Stifel, it's, Morgan Stanley, Okta, –, Jefferies, Uber, Needham, Joby, Piper Sandler downgrades Kraft Heinz, Piper, Kraft Heinz, Piper Sandler, Paul, Tyson, NFLX, TD Cowen, United, Datadog, Scott Thomson, it's bullish Organizations: Nvidia, Apple, Microsoft, Barclays, UBS, Comfort Systems, Works, Edison Electric, Kraft, Apollo, TAM, Netflix, Bank of America, Bank of, Scotiabank, JPMorgan Locations: Bank of Nova Scotia, robotaxis

☆ Brazil police arrest five over alleged plot to assassinate President Lula
▼ + stars: | 2024-11-19 | by ( Michael Rios | Julia Vargas Jones | ) edition.cnn.com time to read: +3 min

CNN —Brazilian police have arrested five people, including a former adviser to ex-President Jair Bolsonaro, over an alleged plot to assassinate President Luiz Inácio Lula da Silva in 2022, authorities said. The coup plot was conceived in late 2022, before Lula took office, according to Federal Police. The alleged plot also involved other military personnel with training in special forces, the Federal Police said. In February of this year, Bolsonaro was placed under investigation over the alleged plot. In October 2022, Lula narrowly beat Bolsonaro in the presidential election.

Persons: Jair Bolsonaro, Luiz Inácio Lula da Silva, Lula, Geraldo Alckmin, Alexandre de Moraes, Moraes, Mário Fernandes, Fernandes, Eraldo Peres, ”, Bolsonaro, Flavio Bolsonaro, Bolsonaro’s Organizations: CNN, Brazilian, Federal Police, Supreme, CNN Brasil, Crisis Management, Reuters Locations: Brasilia, Brazil

Where to watch the Davis Cup in the USThe Davis Cup is available to watch in full on the Tennis Channel in the US. Cord-cutters can live stream the channel via a live TV streaming service like Sling TV, DirecTV Stream, or Fubo. Check price at FuboWhere to watch the Davis Cup in the UKThe Tennis Channel is also the home of the Davis Cup in the UK. Where to watch the Davis Cup in AustraliaThe Davis Cup is available to watch through beIN in Australia, where subscriptions start at AU$14.99 per month after a one-week free trial. How to watch the Davis Cup from anywhereThe Davis Cup is shaping up to be a can't-miss tournament.

Persons: We've, Rafael Nadal, Spain, Botic van de Zandschulp, Spain's, Spain's Carlos Alcaraz, Tallon Griekspoor, Filippo Volandri, ExpressVPN Organizations: Business, Davis, Olympics, Canada, Australia, Tennis Channel, DirecTV, Tennis, Entertainment, Elite, Sports, Fubo, USA Locations: Malaga, Spain, Netherlands, Italy, Argentina, Germany, United States, Australia, beIN

☆ CNBC Daily Open: Tesla makes up for Nvidia’s dip
▼ + stars: | 2024-11-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This 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. Individual stocks sway indexesOn Monday, the S&P 500 rose 0.4% and the Nadaq Composite added 0.6%, mostly spurred higher by Tesla . 'Europe-first' approachEuropean countries should adopt a "Europe-first" approach to technology, especially in response to Trump's protectionist inclinations, tech CEOs told CNBC. But investors should still be wary of certain headwinds, warned the bank's Chief U.S. Equity Strategist Mike Wilson.

Persons: Goldman Sachs, Salesforce, Donald, Andy Yen, Morgan Stanley, Mike Wilson Organizations: CNBC, Tesla, Dow Jones, Nasdaq, BDO, Proton, Chief U.S, Equity Locations: Europe

☆ Ukraine fires US-made longer-range missiles into Russia for the first time
▼ + stars: | 2024-11-19 | by ( Christian Edwards | Kostyantyn Gak | ) edition.cnn.com time to read: +4 min

CNN —Ukraine has fired US-made ATACMS missiles into Russia’s Bryansk region, Russia’s Defense Ministry said, in a major escalation on the 1,000th day of war. The attack comes just two days after the Biden administration gave Kyiv the green light to use the longer-range American weapons against targets inside Russia. The attack marks the first time Ukraine has used the longer-range American weapons to strike targets deep inside Russia, and show that Kyiv has wasted little time in making use of its newly-granted powers. ET) Tuesday, Ukraine fired six ballistic missiles at a facility in Bryansk, the ministry said. On Sunday, US President Joe Biden authorized Ukraine to use longer-range American missiles inside Russia, ending a months-long prohibition aiming to help Ukraine defend itself while not drastically escalating the conflict.

Persons: Biden, Joe Biden, Matthew Miller, Vladimir Putin, ., Andrew Dickson, , Emmanuel Macron, Putin, Volodymyr Zelensky, Zelensky, ” Organizations: CNN, Russia’s Defense Ministry, US State Department, Army Tactical Missile Systems, Kyiv, Bryansk –, High Mobility Artillery, U.S . Army, Missiles Locations: Ukraine, Bryansk, Russia, Russian, Ukraine’s, pummeling, Russia’s Kursk, Europe, Bryansk – Moscow, Moscow, Queensland, Australia

☆ SpaceX gears up to catch Starship again — and Donald Trump may join Elon Musk for the launch
▼ + stars: | 2024-11-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

AdvertisementSpaceX is planning to launch Starship for the sixth time on Tuesday. Reports suggest that President-elect Trump may join Elon Musk for the launch. Elon Musk and Donald Trump have been inseparable since the election — and now Trump will reportedly attend the latest launch of Musk's giant Starship rocket. SpaceX is set to conduct the sixth test flight of Starship, the 165-foot spacecraft that Musk wants to use to take humanity to Mars, on Tuesday. Multiple reports on Monday suggested that Donald Trump is planning to attend the Starship launch — another indication of just how important a role Musk will likely play in the next administration.

Persons: Elon Musk, Donald Trump, Google's Sundar Pichai, Joe Rogan, Kid Rock, Chris Unger, Brendan Carr, Carr, Mars, CHANDAN KHANNA, Musk, Starship's Organizations: SpaceX, Trump, Elon, UFC, PAC, Department of Government, Federal Communications Commission, Getty, Federal Aviation Authority, Business Locations: SpaceX's Starbase, Texas, New York City

☆ Comcast to spin off its cable channels, including MSNBC and CNBC, into separate company
▼ + stars: | 2024-11-19 | by ( Brian Stelter | ) edition.cnn.com time to read: +2 min

New York CNN —Comcast is planning to spin off most of its cable television networks, including MSNBC and CNBC, into a separate publicly traded company, according to executives with knowledge of the plan. The spinoff is expected to be formally announced on Wednesday. The Wall Street Journal, which first reported the impending announcement on Tuesday evening, said the involved channels also include USA, Oxygen, E!, Syfy and Golf Channel. While observers may view the spinoff as an attempt to shed cable channels that are losing value in the streaming age, the channels still contribute strong profits to Comcast’s bottom line. Wall Street analysts are predicting further consolidation of major media companies in the years ahead.

Persons: Mark Lazarus, Mike Cavanaugh, Craig Moffett, MoffettNathanson, ” Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Street, Syfy, Golf, Bravo, NBC, NBC Sports, NBCUniversal Media, Wall Street, NBCUniversal News Locations: New York, USA

☆ Market veteran Howard Marks cautions that China's economic growth target is a 'Herculean challenge'
▼ + stars: | 2024-11-19 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Veteran investor Howard Marks said he was hopeful about China's economy, but cautioned that the country's growth target was a monumental challenge. China has set a growth target of "around 5%" for 2024, though Bank of America and Citigroup, among others, have projected the world's second-largest economy will grow at under 5%. The World Bank has pegged China growth in 2024 at 4.8%, and expects it to decline further to 4.3% next year, despite a recent slate measures to boost the economy. The World Bank cited headwinds such as sluggish Chinese consumer spending, a struggling property market and an ageing population as key concerns for the world's second-largest economy. "You can't produce economic growth through stimulus perpetually.

Persons: Howard Marks, Marks, CNBC's Emily Chan, it's, Donald Trump's, Xi Jinping Organizations: Oaktree Capital Management, Global Financial, Investment Summit, Hong Kong Monetary Authority, Bank of America, Citigroup, Bank, People's Bank of China Locations: China

☆ Student loan servicers are pulling incorrect payments from borrowers' bank accounts
▼ + stars: | 2024-11-19 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Lenders often encourage federal student loan borrowers to enroll in automatic payments. "Unfortunately, autopay errors were one of the most widespread, basic and consequential servicer errors we saw this year," CFPB Student Loan Ombudsman Julia Barnard told CNBC. In some cases, borrowers had money pulled from their bank accounts despite never consenting to autopay, Barnard said. Other autopay users saw incorrect amounts taken or were charged multiple times in the same month. In March, one borrower told the CFPB that their student loan servicer took $6,897 from their account when they only owed $1,048.

Persons: Julia Barnard, Barnard, aren't, wouldn't, servicer Organizations: Consumer Financial, Bureau, CNBC, autopay, Finance, Black

☆ Meet Wall Street billionaire Howard Lutnick, Donald Trump's nominee for commerce secretary
▼ + stars: | 2024-11-19 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +1 min

AdvertisementDonald Trump has tapped Wall Street CEO Howard Lutnick for commerce secretary. Lutnick has spent over three decades running Cantor Fitzgerald, an investment bank in New York. Howard Lutnick, the CEO of Wall Street investment bank Cantor Fitzgerald, has been named the next US secretary of commerce for Donald Trump. AdvertisementThe Wall Street veteran has spent his career at financial-services firm Cantor Fitzgerald, where he has been president and CEO since 1991. Here's a look at Lutnick's rise from "middle-class Long Island" to Wall Street boss and what his new role could mean for the investment bank he heads.

Persons: Donald Trump, Howard Lutnick, Lutnick, Cantor Fitzgerald Organizations: Wall, Commerce Department, Senate, Street, Trump Locations: New York, Wall Street, China

☆ Many women are unsure about Trump’s style and agenda. They voted for him anyway
▼ + stars: | 2024-11-19 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +20 min

But even with Trump’s gains among men, women still had greater leverage to decide the election’s outcome. Both the exit polls and VoteCast showed her winning 57% of white women with at least a four-year college degree. Solid majorities of Black, Latina and college-educated White women described Trump in the exit poll as “too extreme,” as did over two-fifths of the White women without a college degree. But among the White women without a college degree who described Trump as “too extreme,” almost 1 in 5 voted for him anyway. Though many women are expressing unease about mass deportation, Trump’s claim that immigrants are driving crime may provide him considerable leeway to pursue his agenda, particularly among the blue-collar White women who proved most receptive to that argument.

Persons: Donald Trump, Kamala Harris, Joe Biden’s, Harris, ”, Jenifer Fernandez Ancona, Trump, –, Biden, Joe Rogan, NORC, VoteCast, Harris’s, John Kerry, George W, Bush, White, Chip Somodevilla, Court’s Dobbs, Voters “, ‘, ’, pollster Nicole McCleskey, Dobbs, Harris ’, “, pollster Christine Matthews, Jackie Payne, ” Payne, Will Lanzoni, Bill Clinton, Robert F, Kennedy Jr, Mifepristone, Matthews, ambivalently, Tresa Undem, …, Trump’s, Fernandez Ancona, can’t, Hillary Clinton Organizations: CNN, Trump, Edison Research, AP, Gallup, Democratic, Biden, Santander Arena, Nationwide, Wall, White, Latina, Voters, Republican National Convention, Republican, GOP, Congressional, Republicans, White House, Trump ., Human Services Department, Pew Research Center, Pew, ” Locations: Michigan , Pennsylvania, Wisconsin, Reading , Pennsylvania, Michigan, Pennsylvania, Nebraska, Milwaukee , Wisconsin, America

☆ Super Micro shares soar 30% after company names new auditor to help keep Nasdaq listing
▼ + stars: | 2024-11-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Shares of Super Micro soared more than twentyfold over a two year period from early 2022 until their peak in March of this year. Super Micro has been one of the primary beneficiaries of the artificial intelligence boom, due to its relationship with Nvidia . On Monday, Super Micro announced that it was selling products featuring Nvidia's next-generation AI chip called Blackwell. Less than two weeks after the index changes were announced, Super Micro reached its closing high of $118.81.

Persons: Charles Liang, Ernst & Young, Nvidia's Organizations: Super, Computer Inc, Micro Computer, BDO, Nasdaq, SEC, Ernst, Deloitte, Touche, Micro, Mizuho, Nvidia, Super Micro, Dell, Hewlett Packard Enterprise, Hindenburg Research, Street, Department of Justice Locations: Taipei, Taiwan

☆ Stocks making the biggest moves midday: Walmart, Lowe's, Intuit, Kraft Heinz and more
▼ + stars: | 2024-11-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Walmart — The big-box retailer saw shares jump nearly 5% to hit a record after the retail giant topped fiscal third-quarter earnings and revenue expectations. The retailer also hiked its outlook again as it saw growth in e-commerce and improvements in sales outside of the grocery aisles. Lowe's — The home improvement retailer dropped more than 3% after saying it expects sales to decline in 2024 . Kraft Heinz — The packaged food company dipped about 1% after a Piper Sandler downgrade to neutral from overweight. Insmed — Shares rallied more than 8% after the drugmaker terminated a $500 million equity sales agreement with health-care investment bank Leerink Partners.

Persons: Young, Lowe's, Kraft Heinz —, Piper Sandler, Kraft Heinz, Robert F, Kennedy Jr, Trump, —, Wall, Symbotic, Donald Trump's, Jesse Pound, Yun Li, Sarah Min, Alex Harring, Sean Conlon, Pia Singh Organizations: Walmart, BDO, Ernst, Nasdaq, Leerink Partners, Viking Holdings, Revenue, Intuit, Washington Post, Donald Trump's Department, Government

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