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Our brands portfolio is the best in the industry, says Stanley Black & Decker CEO Donald Allan Jr.Stanley Black & Decker President and CEO Donald Allan Jr. joins 'Mad Money' host Jim Cramer to talk its portfolio of brands, its Capital Markets Day, the auto fasteners business and more.
Persons: Stanley Black, Decker, Donald Allan Jr, Jim Cramer Organizations: Decker, Markets
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, Stanley Black, Decker, Don Allen, Jim Cramer's, Jim, David Paul Morris Organizations: CNBC, ., Bloomberg, Nvidia, Palo Alto, Deere, BJ's Wholesale, Baidu, GE Healthcare, Jim Cramer's Charitable, Getty Locations: radiopharmaceuticals, Colma , California
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHyperscalers still deserve to be a mainstay in portfolio's, says Odyssey’s Jason SnipeCapital Area Planning Group’s Malcolm Ethridge and Odyssey’s Jason Snipe, join 'Closing Bell' to discuss their expectations from Nvidia and its importance to the market.
Persons: Malcolm Ethridge, Jason Snipe Organizations: Nvidia Locations: portfolio's, Snipe
In today's big story, all eyes are on Nvidia's earnings report after the bell and what it says about the chip giant's future. As the world's top provider of AI chips, demand for Blackwell is a bellwether for the industry's appetite for continued investment in AI. Reports of Blackwell chips overheating spooked the market earlier this week. AdvertisementIt's another cost companies investing in AI chips need to consider in addition to the energy required to fuel them, which has been a headache for tech giants . Barclays trimmed earning estimates next year by as much as 10% for some of the biggest buyers of AI chips, like Meta, Amazon, and Alphabet.
Persons: Jocko, we've, Getty, Tyler Le, It's, Matthew Fox, Blackwell, Jensen Huang, , BI's Emma Cosgrove, There's, hasn't, Howard Lutnick ANGELA WEISS, Howard Lutnick, Cantor Fitzgerald, Julian Robertson, Tiger hasn't, Goldman, Vivek Bantwal, Goldman Sachs, Rebecca Zisser, Rob Kim, Arturo Holmes, Chelsea Jia Feng, Trump's, Elon, colluding, Gary Wang, Sam Bankman, Gina Raimondo, Antony Blinken, Bill Hwang, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Retired Navy, Nvidia, Blackwell, Barclays, Getty, Trump, New, Tiger Management, Partners, Companies, Alexa, Uber, Ticketmaster, Apple, Google, DOJ, International Network of AI, Archegos Capital Management Locations: New York, Silicon, San Francisco, Chicago, London
AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Here's what could happen to Rowan's vision if he leaves and who might fill his shoes. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Rowan is Apollo's second CEO since the firm was founded in 1990. AdvertisementJosh Harris, another founder, was also reportedly in the running for CEO, but Rowan got the job.
Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowski, Marc, Apollo's copresidents, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Zelter, Citigroup, Athene, Trump Locations: Athene USA
Interest in so-called “golden visas” has skyrocketed among US citizens since the election, according to consultants that help the wealthy migrate. Golden visas allow people to effectively buy foreign citizenship or residence through sizable investments, including in real estate, government bonds or startups. Jc Milhet/Hans Lucas/AFP/Getty ImagesInquiries about golden visas from Americans have increased 33% so far this year compared with the same period last year, with programs in Europe the most sought after. Portugal’s Golden Residence Permit Program tops the popularity list because it is relatively affordable, requiring a minimum outlay of €250,000 ($265,000) in support of the arts or national cultural heritage. With golden visas out of reach for most Americans, social media platforms are ablaze with chatter about other avenues for moving abroad.
Persons: Donald Trump, , Dominic Volek, Armand Arton, , Covid lockdowns, , Jc Milhet, Hans Lucas, Portugal’s, Thomas Coex, Trump, ” Flannery Foster, “ I’ve, ” Foster, Foster, Organizations: London CNN, Democratic, Henley & Partners, Arton, CNN, Getty, Union, Plaza Mayor, LGBT, Spanish Locations: Europe, Ollolai, Sardinia, Nigeria, South Africa, China, India, Philippines, United States, Valletta, AFP, Greece, Spain, Italy, Malta, Austria, , Madrid, Reddit, USA
Kyiv, Ukraine CNN —It is a very specific and high-profile warning, so you would expect the information behind it to have been quite precise. The US Embassy in Kyiv has not closed since it relocated during the opening months of Russia’s invasion of Ukraine in 2022. But on Wednesday, it announced a one-day closure, citing “specific information of a potential significant air attack.” Kyiv endures air attacks on an almost nightly basis – but the US step suggested a fear of being potentially targeted. Ukrainian defense officials even derided a fake warning circulated widely on Telegram claiming a massive Russian air attack, as being crude Russian-produced misinformation. Residents in Kyiv struggled to reconcile the specific nature of the US warnings, with the quotidian daily threat they face.
Persons: Volodymyr Zelensky, Mykhailo Podolyak, , Anya, , Tanya Dzafarowa, Donald Trump, Putin Organizations: Ukraine CNN, 1001st, CNN, Residents, US, Kremlin, NATO Locations: Kyiv, Ukraine, Spanish, Moscow, Russia, Krivyh, AFP,
AdvertisementComcast is looking to separate from most of its cable networks. Comcast wasn't bluffing about unloading its steadily declining cable TV networks. Related Video Why MassMutual is all in on the Boston Red Sox, according to CMO Jennifer HalloranNotably, Comcast's NBCUniversal isn't biding all of its cable networks adieu, however. However, Moffett said that the spun-off networks likely make more sense with Comcast than on their own. AdvertisementWhatever the fate of the spinoff, Comcast clearly sees the value of Bravo's scripted content, compared to the more challenged TV news business.
Persons: Jennifer Halloran, Comcast's, Bravo, Peacock, Brandon Katz, Katz, Nielsen, Michael Hodel, Craig Moffett, MoffettNathanson, Moffett, Rich Greenfield, Brian Wieser, Wieser Organizations: Comcast, Bravo, Boston Red Sox, NBC, Syfy, USA Network, Morningstar, NBA, Lightshed Partners, Madison, Investors Locations: Wall
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Capital Area Planning Group’s Malcolm Ethridge and Odyssey’s Jason SnipeCapital Area Planning Group’s Malcolm Ethridge and Odyssey’s Jason Snipe, join 'Closing Bell' to discuss their expectations from Nvidia and its importance to the market.
Persons: Malcolm Ethridge, Jason, Jason Snipe Organizations: Capital, Nvidia Locations: Jason Snipe
ET, the yield on the 10-year Treasury was up by over four basis points to 4.4178%. The 2-year Treasury yield was last trading at 4.2932% after rising by more than two basis points. U.S. Treasury yields were higher on Wednesday as investors considered the geopolitical situation and assessed the latest economic data. Elsewhere, investors weighed the latest economic data, with new housing starts falling short of expectations in October, and building permits slipping month over month, according to data published Tuesday. Later in the week, investors will be watching out for October's flash purchasing managers' index reports from S&P Global for the services and manufacturing sector.
Persons: Vladimir Putin, Donald Trump's Organizations: Treasury, U.S, Investors, Global, Federal Reserve Locations: Russia, Ukraine, U.S, Ukraine's, Kyiv
Former billionaire investor Sung Kook "Bill" Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10 billion. Hwang was sentenced by U.S. District Judge Alvin Hellerstein in Manhattan, where a jury convicted Hwang in July on 10 criminal charges including wire fraud, securities fraud and market manipulation. Before sentencing Hwang, Hellerstein asked the defendant's lawyer, Dani James, how she thought Hwang compared to Sam Bankman-Fried, who was sentenced in March to 25 years in prison for stealing $8 billion from users of the now-bankrupt FTX exchange. Hwang had asked for no prison, forfeiture or restitution, and to remain free on bail while he appealed his conviction. James said his low risk of committing more crimes meant a lengthy prison term served no purpose.
Persons: Sung Kook, Bill, Hwang, Alvin Hellerstein, Archegos, Hwang —, Andrew Thomas, Hellerstein, Dani James, Sam Bankman, Fried, James, it's Organizations: Archegos Capital Management, United States, Court, U.S Locations: Manhattan, New York City, U.S
It is effectively an unregulated, offshore bank that’s become a tent pole of the $3 trillion crypto industry. The tether token is known as a stablecoin, a kind of crypto that was created to hold its value steady while others, like bitcoin and ether, swing wildly minute to minute. The company is now one of the biggest players in crypto, with a daily trading volume that eclipses even bitcoin, the world’s most popular token. Tether told the WSJ in a statement that any suggestion it was involved in criminal activity was “outrageous” and that the company works actively with law enforcement to combat illicit activity. But Lutnick, a Bitcoin enthusiast whose Wall Street firm manages Tether’s stockpile of Treasury bills, has eagerly defended the stablecoin issuer.
Persons: New York CNN — Howard Lutnick, Cantor Fitzgerald, who’s, they’re, Brock Pierce, , Giancarlo Devasini, “ There’s, we’ve, ” Lutnick, Donald Trump’s, , didn’t, Lutnick, Gary Gensler, ” Faryar Shirzad, “ It’s, Organizations: New, New York CNN, US Commerce Department, Ducks, Street, Manhattan US, Treasury Department, Bloomberg, Economic, Commerce Department —, Treasury, Securities and Exchange Locations: New York, Russian, Davos, United States, bitcoin
Jim Cramer said Wednesday he's feeling even better about Apple after a new piece of Wall Street research. "This piece makes me feel more confident [about Apple]," Jim said Wednesday. "They are transitioning in a very deft way from making China by far their biggest market to India," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. An Apple logo is displayed on a smartphone with stock market values in the background.
Persons: Jim Cramer, Bernstein, Toni Sacconaghi, , Jim, Donald Trump's, Jim Cramer's Organizations: Apple, JPMorgan, Apple's, F1Q25, UBS, Apple Intelligence, CNBC, Getty Locations: China, India, Philippines, Indonesia
The euro has declined rapidly, meanwhile, briefly dipping below $1.05 on Nov. 14 for the first time since October 2023. Modeling by Barclays' economists shows the euro hitting dollar parity with a 10% tariff on European products and subsequent retaliation. The bank said the prospect of Trump tariffs and fiscal reforms had caused it to revise its view that the dollar would gradually decline through the year, instead seeing the U.S. currency "stronger for longer." Since hitting a low in September 2022, the euro has been comfortably back above parity even if below its long-range average. One of those 2022 factors roared back into focus this week, weighing broadly on European assets: the threat of escalating tensions with Russia.
Persons: Donald Trump, James Reilly, Reilly, George Saravelos, Trump, Saravelos, Goldman Sachs, Goldman Organizations: U.S, Republican, China —, Federal Reserve, Capital Economics, Federal, European Central Bank, FX Research, Deutsche Bank, Trump, Barclays, ECB, Fed Locations: Congress, China, U.S, Europe, Russia, Ukraine
AdvertisementA bipartisan US congressional commission urges a "Manhattan Project" for AI to outpace China. Trump has previously called China the "primary threat" in the AI race. AdvertisementThe Manhattan Project was a secret program led by the US government during World War II to develop the world's first atomic bombs. Advertisement"We have to take the lead over China, China is the primary threat," he added. OpenAI also cited the Manhattan Project in its blueprint as one of the US's "iconic infrastructure projects that moved the country forward."
Persons: Trump, Donald Trump, Logan, Joe Biden's, OpenAI, Yoshua, Max Tegmark Organizations: China, China Economic, Security, Commission, General Intelligence, US Treasury Department, Business, Manhattan Project, Life Institute, MIT, Guardian, Elon Locations: China, US, Washington
Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo. OdooOdoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet 's venture fund and Sequoia Capital. "The reason everybody [has] failed [in this market] is that it's quite complex," Pinckaers told CNBC. The last time Odoo secured primary funding was in 2014, when it raised $10 million in a Series B round. Prior to the latest secondary round, Odoo was most recently valued by investors at 3.2 billion euros.
Persons: Fabien Pinckaers, Odoo, Pinckaers, Andrew Reed, Reed, He's, Billings, aren't, Alex Nichols, CapitalG, he's, bootstrapping, Odoo hasn't, Wallonie Organizations: Belgian, SAP, Sequoia Capital, CNBC, Enterprise, Sequoia, Summit Partners Locations: Belgium, India, billings, Sequoia
Einhorn said he's not bearish, but there will likely be better entry points into the market. Add David Einhorn to the list of top Wall Streeters pointing out how expensive the stock market is. Advertisement"This is a really, really, really pricey environment, but it doesn't necessarily make me bearish. Einhorn called this "the most expensive market of all time, as far as I can see, at least since I've been managing." AdvertisementBank of AmericaEinhorn is one of many to highlight stock valuations as a factor likely to impact forward returns.
Persons: David Einhorn, Einhorn, he's, CNH Industrials, it's, I've, Bank of America Einhorn, Goldman Sachs, David Kostin, Rob Arnott, Nelson Peltz, CNH, that's, That's Organizations: Alpha, Delivering Alpha, Capital, Bank of America, Research, Trian Partners, AG
Federal prosecutors in New York charged the Indian mogul Gautam Adani, one of the world’s richest people, with multiple counts of fraud, accusing him and associates of bribing Indian officials and later lying to investors about the scheme. The charges stem from accusations that the defendants paid more than $250 million in bribes to Indian government officials to obtain lucrative solar energy contracts with the government for a business called Adani Green Energy. Mr. Adani personally met with officials to discuss the scheme in person, prosecutors said. Adani Green Energy then tried to raise money from U.S. and international investors on the basis of false and misleading statements, the U.S. attorney’s office said. Mr. Adani and his associates “lied about the bribery scheme as they sought to raise capital from U.S. and international investors.”
Persons: Gautam Adani, Adani, , Organizations: U.S, Attorney’s, Eastern, of, Energy Locations: New York, of New York, U.S
Salt Lake City checked all the boxes for a new professional sports team — particularly in the National Hockey League. Salt Lake City kicked off its first season in the NHL this year after the Utah Hockey Club relocated from Phoenix. The early excitement of the fanbase, marked by sellout crowds and high merchandise sales, is solidifying Salt Lake City as a sports market. So far, every one of the 11,131 unobstructed view seats at Delta Center has been sold out, according to the Utah Hockey Club. The Utah Hockey Club generated the highest retail sales on its opening night of any hockey team this season, including the Florida Panthers, the 2023-24 Stanley Cup champions, according to the Utah Hockey Club.
Persons: Ryan Smith —, Ryan, Ashley Smith, Smith, Gary Bettman, , Chad Hutchinson, Hutchinson Organizations: National Hockey League, Salt Lake City, NHL, Utah Hockey Club, National Basketball, Utah Jazz, Major League Soccer's, National, Soccer League's Utah Royals, Smith Entertainment Group, Arctos Partners, Delta Center, Delta, NBA, Florida Panthers, Utah Hockey Club's, Vegas Golden Knights Locations: Salt Lake City, U.S, , Salt Lake, Phoenix, Salt, Utah
Get the most out of these tax-favored accounts in 2025
  + stars: | 2024-11-20 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
Benefits enrollment season is here, and with it comes an opportunity for workers to tune up their workplace savings plans and sock away more money on a tax-favored basis. Traditional tax-deferred accounts, like 401(k) plans and individual retirement accounts, are just the beginning for savers. As tempting as it may be for savers to plow money into HSAs and other tax-favored accounts, they'll need to draw up a strategy before they do so. They can also earmark additional funds toward 529 college savings plans and taxable brokerage accounts. In a tax-deferred account, investors won't be on the hook for the tax bill until they begin drawing down from it.
Persons: Marguerita Cheng, Cheng Organizations: Devenir, Blue, Global Wealth, UBS, Chief Investment Locations: Gaithersburg , Maryland
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. Russia warns of nuclear responseUkraine "struck a facility in [the] Bryansk region" of Russia using six U.S.-made missiles, said Russia's Ministry of Defense. On Tuesday, Russian President Vladimir Putin updated the country's nuclear doctrine, expanding the circumstances that would warrant a response using nuclear weapons. Markets recovered from jittersU.S. markets mostly closed higher on Tuesday after dipping in response to news of heightened geopolitical tensions.
Persons: Vladimir Putin, Cristiano Amon's, Atomico, Goldman Sachs, David Kostin Organizations: CNBC, Ministry of Defense, Micro Computer, Eurostat, Qualcomm Qualcomm, Qualcomm, Venture Locations: Russia, Ukraine, Bryansk, jitters U.S, New, Europe, Tuesday's, U.S
AdvertisementElevenLabs is raising new funding, boosting its valuation to over $3 billion, according to multiple sources. The startup is aiming to raise $200 million in the round, according to one source. Details of the latest funding round are not yet finalized, and the figures involved are subject to change. The company has been increasing its targeted round size and valuation during the process of raising funding, according to these sources. Funding for voice technology companies has picked up even as some of the shine comes off the digital intelligence category as a whole.
Persons: ElevenLabs, Andreessen Horowitz, Piotr Dąbkowski, Mati Staniszewski's, Kleiner Perkins, ElevenLab's Organizations: Ventures, Iconiq Locations: ElevenLabs, OpenAI
The scene would have been impossible to predict three months ago: a motorcade of black sedans pulling up at the U.S. Senate to deliver JD Vance and Matt Gaetz on a mission to flex their new power. Mr. Vance had been a junior senator from Ohio when Donald J. Trump chose him to be his running mate over the summer. And Mr. Gaetz, a Florida congressman, inhabited the right-wing fringe, shadowed by allegations of drug use and sex with an underage girl. On Wednesday, Mr. Vance, now the vice president-elect, returned with considerably more political capital, but also significant questions about whether it was enough to persuade his erstwhile colleagues to confirm Mr. Gaetz as the nation’s top law enforcement officer. The two men, who have campaigned together before, hunkered down for much of the day in the Strom Thurmond Room in the Capitol, an ornate conference room just steps from the Senate floor, as senators streamed in individually and in pairs.
Persons: JD Vance, Matt Gaetz, Vance, Donald J, Trump, Gaetz, Strom Thurmond Organizations: U.S . Senate, Capitol Locations: Ohio, Florida
Founded in 2023, Prompt Security helps businesses close security gaps associated with AI usage. Later, he focused on building security software at Checkpoint and Orka Security. His latest venture, Prompt Security, is helping companies manage the cybersecurity risks associated with generative AI tools like OpenAI's ChatGPT or Google's Gemini. Related VideoAlmost 30% of companies deploying AI had an AI security breach in 2023, according to a Gartner survey. Golan explains that as employees use generative AI tools like chatbots, new threats emerge with data, intellectual property, and more.
Persons: Itamar Golan, Golan Organizations: Security, Israel Defense Forces, Orka, Business, Jump Capital, Hetz Ventures, Ridge Ventures, Gartner, Fortune, The New York Times, Palo Alto Networks Locations: cybersecurity
London CNN —Milan’s Via Monte Napoleone has beat out New York’s Fifth Avenue to become the world’s most expensive shopping street, marking the first time a European city has topped the rankings. The Gucci store on Fifth Avenue in New York City, seen in March 2024. In April, Gucci parent Kering paid €1.3 billion ($1.4 billion) to acquire a building on Via Monte Napoleone from a subsidiary of Blackstone. The world’s 10 most expensive shopping locations, by rent per square foot, according to Cushman & Wakefield:1. Via Monte Napoleone, Milan2.
Persons: Thomas Casolo, , Gucci, Michael M, Robert Travers, Kering, Blackstone . Chanel, Versace, Cartier, Celine Organizations: London CNN, New, Cushman &, Bond, Hong, Cushman, Wakefield’s, Italy, CNN, Via, Blackstone ., Henley & Partners, Cushman & Wakefield, New Bond, Tsui, Pitt, Mall Locations: Napoleone, Cushman & Wakefield, Paris, New York City, Europe, East, Africa, Via Monte Napoleone, Bottega, Milan, New York, London, Hong Kong, Ginza, Tokyo, Bahnhoftstrasse, Zurich, Sydney, Myeongdong, Seoul, Kohlmarkt, Vienna
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