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☆ Year-end Roth IRA conversions are popular — but don't wait too long, financial experts say
▼ + stars: | 2024-10-29 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you're weighing a year-end Roth individual retirement account conversion, waiting too long could be risky, financial experts say. Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can start tax-free growth. The strategy has become more popular, with a 46% year-over-year increase during the second quarter of 2024, according to Fidelity. Some investors want to pay Roth conversion taxes now while there are lower tax brackets because the current rates are scheduled to sunset after 2025 without action from Congress. However, it's difficult to predict future tax law changes with uncertain control of the White House, the Senate and the House of Representatives.

Persons: Roth Organizations: Roth IRA, Fidelity, Finance, White, Senate

☆ GDP report Wednesday expected to show more growth, less inflation
▼ + stars: | 2024-10-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The Commerce Department is expected to report Wednesday that gross domestic product grew at a hardy 3.1% annualized pace in the third quarter, adjusted for seasonality and inflation, according to the Dow Jones consensus forecast. Along with that, the release is expected to show that inflation moved closer or perhaps even below the Federal Reserve's 2% target. The Fed uses the personal consumption expenditures price index, included in the GDP estimate, as its primary inflation gauge. The report, then, should indicate a solid economy and easing inflation , the latter at least on a relative basis from how things looked a year ago. "Overall, another quarter of above-trend growth and a benign inflation reading will be welcomed by the Fed."

Persons: Dow, Oliver Allen, Allen, nudging, Alice Zheng Organizations: Commerce Department, Fed, Pantheon, stoke, Citigroup, Citi Locations: U.S

☆ NFL Power Rankings Week 9: Bills up, Cowboys down, plus Something Scary for every team
▼ + stars: | 2024-10-29 | by ( Josh Kendall | ) www.nytimes.com time to read: +22 min

In a nod to the nation celebrating Halloween this week, the Power Rankings have searched far and wide for Something Scary for each team. ETLast week: 7Sunday: Beat Seattle Seahawks 31-10Something Scary: The turnover marginRight now, it’s great. ETLast week: 11Sunday: Beat Tampa Bay Buccaneers 31-26Something Scary: The pass rush curseBaker Mayfield threw 50 passes Sunday. Arizona Cardinals (4-4)Last week: 21Sunday: Beat Miami Dolphins 28-27Something Scary: The scoring defenseArizona’s opponents are averaging 2.64 points per drive. Dallas Cowboys (3-4)Last week: 16Sunday: Lost to San Francisco 49ers 30-24Something Scary: The run gameEzekiel Elliott led the Cowboys with 10 carries for 34 yards on Sunday.

Persons: Jared Goff, DeAndre Hopkins, He’ll, Patrick Mahomes, Hopkins, He’s, Bo Nix, Andy Dalton, Gardner Minshew, Deshaun Watson, Love, Josh Allen, Allen, C.J, Stroud, Cedric Tillman, Jason Miller, Mike Macdonald, Zach Orr, There’s, Dean Pees, Winston, Jayden Daniels, Daniels, Caleb Williams, didn’t, Mary, That’s, Turner, Brian Flores, haven’t, George Kittle, Lachlan Cunningham, Brandon Aiyuk, Baltimore, Buffalo’s James Cook, Baker Mayfield, Mike Evans, Chris Godwin, Rakim Jarrett, Jaleel McLaughlin, Nate Adkins, Morgan Engel, Sean Payton, Jim Harbaugh, Justin Herbert The, Harbaugh, who’s, Herbert, Williams, Sunday’s, Cooper Kupp, Puka, Sean McVay, Cooper, Tua Tagovailoa, Anthony Richardson’s, TruMedia, Richardson, Joe Flacco, Colts HC Shane Steichen, Anthony Richardson, — James Boyd, Ezekiel Elliott, Jerry Jones, Derrick Henry, Henry, Jameis Winston, Cleveland, Watson, Justin Herbert, Nathan Shepherd, Bradley Bozeman, Shepherd, pic.twitter.com, 2ybL6tK9YL — Nate Tice, Tyrone Tracy, Alexander Mattison, Drake, Maye, They’ve, Aaron Rodgers, Mike McDaniel, McDaniel, Christian Kirk, Brian Thomas Jr, Kirk, Thomas, Calvin Ridley, Lloyd Cushenberry, Chidobe, Tony Pollard, Kenneth Murray, Ridley, it’s, Bryce Young, Steph Chambers Organizations: Lions, Panthers, Beat Tennessee Titans, Green Bay Packers, Las Vegas Raiders, Tampa Bay Buccaneers, Chiefs, Beat Jacksonville Jaguars, Jaguars, Detroit Lions, Beat Seattle Seahawks, Bills, 49ers, Miami Dolphins, Beat Indianapolis, Texans, EPA, AFC, New York Jets, Trenton Simpson, Ravens, Browns, Cleveland Browns, Denver Broncos, Beat Chicago Bears, Washington, New York Giants, Los Angeles Rams, Rams, Indianapolis Colts, Vikings, Beat Cincinnati Bengals, Bengals, Eagles, Philly, Jacksonville Jaguars, Beat New York Giants, Cowboys, San Francisco 49ers, Beat Dallas Cowboys, Seattle Seahawks, Buffalo Bills, Seahawks, Seattle, Falcons, Dallas Cowboys, Atlanta Falcons, Tampa Bay, Atlanta, Bucs, Kansas City Chiefs, Broncos, Sunday, Beat Carolina Panthers, Denver, Baltimore Ravens, Beat New Orleans Saints, NFL, Los, Chicago Bears, Bears, Arizona Cardinals, Beat Minnesota Vikings, Beat Miami Dolphins, Cardinals, Dolphins, Cincinnati Bengals, Philadelphia Eagles, Houston Texans, Indianapolis, Colts, Minnesota Vikings, Colts HC, Dallas, Giants, Steelers, Cowboys isn't, Beat Baltimore Ravens, Los Angeles Chargers, New, New Orleans Saints, Chargers, Carolina Panthers, Bradley, Pittsburgh Steelers, Raiders, Beat New York Jets, Patriots, Tennessee Titans, New England Patriots, Jets, Miami, Green Locations: Detroit, Green, Buffalo, Baltimore, Chicago, San Francisco, Los Angeles, Washington, Cincinnati, New Orleans, Las Vegas, New England, New York, Tennessee

Donald J. Trump @realDonaldTrump americanthinker.com/blog/2024/... www.americanthinker.com The real reason Boeing is in the news In short, China wants Boeing out. Inside Trump’s Truth Social Conspiracy Theory Machine An analysis of Donald Trump’s Truth Social posts reveals the paranoid and unfounded content the former president creates and amplifies each day. In addition to the posts themselves, the analysis zeroed in on the 170 Truth Social accounts that Mr. Trump had amplified on the platform. A spokeswoman for Truth Social did not answer questions from The Times about the company’s policies on conspiratorial content and the accounts that spread it. From July to September, Truth Social received an average of about 4.7 million unique monthly visitors, according to the web analytics firm Similarweb.

Persons: Donald Trump, Donald J, Trump, Biden, Trump baselessly, JOE BIDEN, Donald Trump’s, Trump’s, ”, Joseph Uscinski, George Soros, globalist, Harris, Mr, Kamala Harris, Hurricane Helene, Crooked Joe Biden, Hunt, be us, HAP E, OR F, REGIS, ony Biden, ree, Joe, O., asser t, ruth Socia, Soros, Harri, MAGA, ruth e, ange, ron y m “NCSW, “He, accou, SOROS, ruth S, ove, uther, tim e, y., the 2020, ravi, orme Organizations: Trump, “, OPEN, PLAN ”, Mr, Boeing, FOX, WIN, Truth, Times, The Times, Social, University of Miami, Democratic Party, Democratic, Federal Emergency Management Agency, Justice Department, White, DOJ, UF, UT, ims, acc Locations: China, York, ”, Nord, Ukraine, Hurricane, America, ife, Abo, TIR

☆ AMD's post-earnings slide is a buying opportunity. Here's why
▼ + stars: | 2024-10-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Bottom line The main part of our AMD thesis — fast-growing sales of its MI300 AI chips — is still on track, so we view the post-earnings pullback as a buying opportunity. Given how integral these AI chips are to AMD's growth, we were pleased management on Tuesday night raised its full-year sales projections to exceeding $5 billion. Another factor: AMD's chips passed some performance milestones with customers, Su said. We believe Su's AI roadmap — outlined at its AI event earlier this month — will lead to significant sales growth in 2025 and thereafter. Quarterly commentary Sales in AMD's all-important data-center segment came in $3.55 billion, exceeding estimates and more than doubling year over year.

Persons: We're, Lisa Su, Su, couldn't pare, Jim Cramer, —, Jim Cramer's, Jim Organizations: AMD, Nvidia, Intel, Club, Broadcom, ZT Systems, CNBC, Dell Technologies, Microsoft, Meta, Revenue, Visitors, Congress, Nurphoto, Getty Locations: AMD's, —, Shanghai, China

☆ This Stanford professor went to Bhutan to learn about happiness. Here's his No.1 takeaway
▼ + stars: | 2024-10-29 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

What is the key to human happiness? That's one of life's biggest questions and Ron Gutman has dedicated a big part of his career to learning more about the topic. In his quest to learn more about human happiness, he decided to conduct some real-world research. Ron Gutman with local spiritual and religious leader, Khedrupchen Rinpoche, during his October 2024 trip in Bhutan. The key to happiness: simplicitySo, what is the key to human happiness?

Persons: Ron Gutman, Gutman, Khedrupchen Rinpoche, Gutman trekked, Bhutan's, Jigme Singye Wangchuck, King Jigme Khesar Namgyel Organizations: TED, Gross, OECD, CNBC, aha Locations: Kingdom of Bhutan, Bhutan, Bhutan The Kingdom, India, China, King, Paro, There's

☆ Scandals in China and Australia hit Big 4 giant PwC, but global revenues reached a record high
▼ + stars: | 2024-10-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

After two scandals this year, PwC's business in the Asia-Pacific region has fallen. While PwC faced these regional setbacks, it hit record-high revenues and hired 10,000 new employees. AdvertisementAfter scandals in Australia and China this year, PwC has lost business in the Asia-pacific region. AdvertisementDespite the regional impact on the business, PwC posted an overall growth of 3.7% to reach record-high gross revenues of $55.4 billion. Like other leading consultancies, PwC has been hit by falling demand for consulting services, and its growth rate has slowed.

Persons: PwC, —, Mohamed Kande, Uber, we've Organizations: Service, Big, PwC, Google, Australian Financial, EY, Deloitte Locations: Asia, China, Australia, India

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

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

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

Chipotle reported adjusted earnings of 27 cents per share, exceeding expectations of 25 cents a share from analysts polled by LSEG. Alphabet posted earnings of $2.12 per share on revenue of $88.27 billion, while analysts polled by LSEG expected earnings of $1.85 per share on $86.30 billion in revenue. Visa — The global payments company beat earnings and revenue expectations for the fiscal fourth quarter, driving shares up about 1.5%. First Solar also missed Wall Street's expectations in the third quarter, posting earnings of $2.91 per share on revenue of $888 million. Analysts sought $3.14 per share in earnings and revenue of $1.08 billion, per LSEG.

Persons: Chipotle, LSEG, Qorvo, Reddit Organizations: LSEG . Revenue, Google, Visa, AMD

☆ Buy this advertising tech stock poised to rally more than 25%, Wells Fargo says
▼ + stars: | 2024-10-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

It's time for investors to consider scooping up shares of The Trade Desk as it captures more advertising spending, according to Wells Fargo. Analyst Alec Brondolo initiated coverage of the advertising technology stock with an overweight rating, saying that new partnerships should boost estimates. He also placed a $150 price target on Trade Desk, which implies upside of 26%. "We forecast a meaningful benefit from unlocking Roku/Netflix inventory in 2025 /2026, leaving our revenue estimates 6% / 8% ahead of consensus, respectively," he wrote. The Trade Desk should also benefit from ads on Prime Video, a move Brondolo thinks is stimulating growth in the connected TV industry.

Persons: Alec Brondolo Organizations: Netflix, Prime, CTV Locations: Wells Fargo

☆ AMD shares fall as forecast fails to impress despite strong AI growth
▼ + stars: | 2024-10-29 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by the increasing demand for AI chips. AMD is the second-largest vendor of data center graphics processing units, or GPUs, which are used to train and deploy large generative AI models. AMD's AI chips are reported in its data center segment, which more than doubled on an annual basis to $3.5 billion in total sales. Overall data center revenue was up 122% year over year. AMD's gross margin expanded to 54%, which the company said was because of higher data center revenue.

Persons: Lisa Su, Su Organizations: Devices, AMD, Nvidia, Broadcom, Microsoft, Windows, Sony PlayStation

☆ We upgraded Stanley Black & Decker stock despite the post-earnings selling
▼ + stars: | 2024-10-29 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Stanley Black & Decker reported mixed quarterly results before Tuesday's opening bell, and the stock got whacked. SWK YTD mountain Stanley Black & Decker YTD Shares of Stanley Black & Decker consolidated around an 8% decline after the release. We upgraded Stanley Black & Decker on Tuesday morning back to our buy-equivalent 1 rating on the belief the stock reaction to the print was overdone. Stanley Black & Decker Why we own it: Stanley Black & Decker is in the later innings of a multi-year restructuring plan. To honor the occasion, Donald Allan, Jr., President & CEO of Stanley Black & Decker, joined by Chris Taylor, NYSE Global Head of Advisory, rings the Opening Bell®.

Persons: Stanley Black, Decker, Stanley, Donald Allan, we're, Allan, —, Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Revenue, Stanley Black, Treasury, Federal, Bosch, Techtronic Industries, Management, CNBC, The New York Stock Exchange, NYSE Global Locations: Dewalt, Europe

There is still time for those patterns to shift — and we’ve already seen them shift in twists and turns through recent weeks of early voting. Consistent with that hypothesis, the below table of early voting through Oct. 26 shows substantial leveling in the usage of early voting over different areas. One of the broader challenges of interpreting early vote totals in most states is the lack of sufficient historical data to benchmark against the current returns. The below table shows the number of recent elections in which this year’s Virginia early voters participated. Just as previous research suggests, an overwhelming number of the absentee ballots cast so far have been cast by consistent voters.

Persons: we’ve, it’s Organizations: NBC, NBC News, Democratic Locations: Virginia, Democratic

☆ ‘Venom 3’ slinks to $51 million, lowest opening weekend of comic book trilogy
▼ + stars: | 2024-10-28 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +6 min

1 at the box office, but the comic book film fell significantly short of expectations. After much bigger launches, the first “Venom” powered to $856 million worldwide while “Let There Be Carnage” surpassed $500 million worldwide. The follow-up to 2019’s billion-dollar hit “Joker” has turned into a box office disaster with $57.8 million domestically and $201.1 million globally. The R-rated sequel to 2022’s “Smile,” which topped the box office last weekend, has generated $40.7 million in North America and $83 million worldwide to date. The well-reviewed family film has endured at the box office with minimal week to week drops, amassing $111 million domestically and $232 million worldwide so far.

Persons: “, Tom Hardy, ”, Venom, Kelly Marcel, Hardy, Eddie Brock, Jeff Bock, ’, Robert Zemeckis, Tom Hanks, Robin Wright, Dwayne “, ” Johnson, “ Moana, David A, Gross, Ralph Fiennes, Edward Berger, Audiences, Andrew Garfield, Florence Pugh, Sean Baker’s Palme d’Or Organizations: Marvel, Sony, Yankees, Dodgers, Rotten, Entertainment Research, Warner Bros, Catholic, Universal, DreamWorks, Cannes Locations: New York City, Los Angeles, North America, CinemaScore, Russian

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Spotify Walmart, Nio, Broadcom Roblox & more
▼ + stars: | 2024-10-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley initiates FrontView REIT as overweight Morgan Stanley said the commercial real estate investment trust company is well positioned. " Morgan Stanley downgrades Global Foundries to equal weight from overweight Morgan Stanley said it sees rising competition for the semis company. " Morgan Stanley upgrades Nutanix to overweight from equal weight Morgan Stanley said the cloud computing software company is well positioned. " Morgan Stanley downgrades Ciena to equal weight from overweight Morgan Stanley said it sees a more balanced risk/reward for the networking and systems software company. Wedbush adds Roblox to the best ideas list The firm said it sees robust revenue growth ahead.

Persons: Cantor Fitzgerald, Morgan Stanley, FrontView, Baird, AAON, Canaccord, Tesla, Jefferies, NTNX, Wells, Raymond James downgrades, Wolfe, DOV, Morgan Stanley downgrades Ciena, Piper Sandler, Bowlero, Piper, Goldman Sachs, Goldman, it's bullish, Marcellus, Bernstein, SARO, Stifel downgrades, Oppenheimer, Monness Crespi Hardt, Coinbase, Stifel, it's Organizations: Nvidia, Broadcom, MU, JPMorgan, Apple, Dell, Cisco, Spotify, Honeywell, Walmart, " Bank of America, Antero Resources, Bank of America, Macquarie, China EV, Stifel downgrades Colgate, Palmolive, Colgate, Commerce, ~$ Locations: AVGO, 1H25, Dover, Appalachia, Utica, West Virginia

☆ Brock Purdy leads 49ers past Cowboys on ‘Sunday Night Football’: Key takeaways
▼ + stars: | 2024-10-28 | by ( The Athletic Nfl Staff | ) www.nytimes.com time to read: +5 min

AdvertisementBrock Purdy went 18-of-26, throwing for 260 yards and a touchdown for the 49ers. Rookie running back Isaiah Guerendo added 85 yards and his first career rushing touchdown for San Francisco. The 49ers improve to 4-4 with the win, as the Cowboys drop to 3-4. San Francisco is picking up momentumThe 49ers go into their bye week at 4-4 with momentum after outscoring the Cowboys 21-0 in the third quarter. AdvertisementSo barring something very unexpected, what you see is what you get with this year’s Cowboys team.

Persons: Matt Barrows, Jon Machota, Saad Yousuf, Hunter Patterson, Dak Prescott, Jalen Brooks, Brock Purdy, Purdy, George Kittle, Isaiah Guerendo, Prescott, CeeDee Lamb, Kittle, Christian McCaffrey, who’s, Jake Moody, Greenlaw, Yetur Gross, Matos, It’s, Nick Bosa, Leonard Floyd, — Matt Barrows, standouts, Jordan Mason, Mason, Guerendo, Patrick Taylor Jr, Deebo Samuel, Francisco, Ricky Pearsall, Samuel, McCaffrey, — Barrows, that’s, weren’t, Micah Parsons, DeMarcus Lawrence, DaRon Bland, Jerry Jones, Stephen Jones, — Jon Machota, — Saad Yousuf, Lachlan Cunningham Organizations: San Francisco 49ers, Dallas Cowboys, Sunday, Cowboys, 49ers, San, Dallas, Guerendo, Tampa Bay Buccaneers, NFL, Dallas The Cowboys, year’s Cowboys, Prescott Locations: San Francisco, Tampa

☆ Yen slips as Japan's election result clouds BOJ rate hike prospects
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: +3 min

The yen touched a three-month low on Monday as Japan's ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields. On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade and it touched the same milestone at 165.36 to the euro . That was down from the 279 seats they held previously and marked the coalition's worst result since it briefly lost power in 2009. The U.S. dollar index has climbed 3.6% during October, its sharpest monthly rise since April 2022. The New Zealand dollar traded near a three-month low of $0.5974, down nearly 6% for the month.

Persons: Shigeru Ishiba's, Komeito, Donald Trump, Sterling Organizations: Shigeru Ishiba's Liberal Democratic Party, NHK, Bank of Japan, Nomura, U.S, gilts, Australian, New Zealand Locations: Japan, U.S, Europe, Australia, China

The alleged shooter, John Sawchak – Moturi’s neighbor – surrendered around 1:24 a.m. Monday, following an hourslong standoff with police, O’Hara said at a news conference early Monday. Sawchak has been charged with attempted murder, felony assault, and stalking and harassment for allegedly shooting Moturi, the Hennepin County Attorney’s Office said in court filings. By the time of his arrest, Sawchak had a yearslong history of harassing, threatening and attacking his neighbors, with three active warrants against him – including one for threats against Moturi. Police had been trying since April to arrest Sawchak, who has a history of mental illness, O’Hara said. I call because I want my family to be safe,” Moturi told KARE.

Persons: “, ”, Brian O’Hara, KARE, Davis, Moturi, John Sawchak –, –, O’Hara, Sawchak, White, Moturi “, ” Moturi, John Sawchak, ” Moturi’s, ” O’Hara, Sean Sullivan, Sullivan, Davis Moturi, k3nyaf33lmeeee, Jacob Frey, “ We’re, George Floyd, Frey, can’t, ” Frey, Andrea Jenkins Organizations: CNN, Minneapolis, Minneapolis Police, Hennepin County Attorney’s, Police, Prosecutors, John Sawchak Hennepin County Sheriff's, The Minneapolis Police Department, Sunday . Police, ”, SWAT, Minneapolis City Council Locations: Minneapolis, Hennepin County, John Sawchak Hennepin County, ” Minneapolis, ”, “

☆ Just the Facts – Health and Healthcare: Steve Ballmer Talks Through the Numbers
▼ + stars: | 2024-10-28 | by ( Sponsor Post | ) www.businessinsider.com time to read: +11 min

Find out the impact of the US healthcare system and the health of Americans to our costs and lifespans. In this episode of "Just the Facts," Health and Healthcare. In 2022, 3.28 million Americans died, about 1% of our total population; nearly 3.67 million people were born. As of 2023, 6.7 million Americans over age 65 had been diagnosed with it. Of the $4 1/2 trillion dollars in health spending, 3.7 trillion was spent on personal healthcare, while 760 billion was spent on things like public health, health research, healthcare facilities, medical equipment, and the cost of running health insurance programs.

Persons: Steve Ballmer, USAFacts, COVID Organizations: Insider, LA Clippers, Healthcare, FBI, Medicare, Affordable, Health Locations: America, COVID, Alzheimer's, United States

☆ Wells Fargo names Spotify a top pick, sees more than 20% upside
▼ + stars: | 2024-10-28 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Wells Fargo sees outperformance from Spotify ahead. These are all the components of a premium growth stock." "We think SPOT is viewed as a positive actor due to its investments in [user interface] and cont'd sub growth," the analyst said. "More likely, we think SPOT and its Label partners could look to find new avenues of monetization, which might incl. SPOT YTD mountain SPOT, year-to-date The stock moved nearly 1% after Cahall's call.

Persons: Wells, Steven Cahall Organizations: Spotify

☆ Tech stocks could be in for a reckoning, this chart shows
▼ + stars: | 2024-10-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Since then, the XLK is down 6% relative to the broad market index. "The level it peaked at almost exactly coincides with where the Tech ETF peaked on a relative basis in 2000. Not exactly what you want to see if you're an investor putting new money to work within Tech," he wrote. The SMH closed Friday at $252.96, and the strategist expects the $233 level to be tested near term. "We still exercise some degree of caution when we view Technology stocks, as short term trends and near-term momentum appear to be stalling," O'Hara wrote.

Persons: Wolfe, Rob Ginsberg, Ginsberg, Roth MKM, JC O'Hara, O'Hara, Wells Organizations: Wolfe Research, Tech ETF, VanEck Semiconductor, Nasdaq, Dow Jones, Microsoft, Apple Locations: Wells Fargo

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

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

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

☆ Fact check: 32 false claims Trump made to Joe Rogan
▼ + stars: | 2024-10-27 | by ( Daniel Dale | ) edition.cnn.com time to read: +20 min

Here is a fact check of 32 false claims Trump made to Rogan. The number of migrants: Trump claimed that at least “21 million” people have illegally crossed the border during the Biden administration. Trump’s Las Vegas crowd size: In his latest exaggeration about crowd sizes, Trump claimed there were “29,000 people” at his event the night prior. Foreign policyTrump and ISIS: Repeating one of his regular false claims, Trump said, “We defeated ISIS in record time. (This appeared to be an inadvertent mistake by Trump, but his claim was still inaccurate, and Trump has repeatedly bashed Biden over such mix-ups.)

Persons: Donald Trump, Joe Rogan, Kamala Harris, Trump, Rogan, Biden, Harris, Alejandro Mayorkas, Joe Biden, “, Hillary Clinton, Virginia, Carter, Jimmy Carter, ” Trump, ”, Tom Sofield, ” Harris, Obama, Kim Jong, Kim Jong Un, Barack Obama, Kim, Trump, “ Nobody, ’, FactCheck.org, Gavin Newsom, ’ ” Pavel Molchanov, Raymond James &, Molchanov, “ I’d, Oprah, Winfrey’s, didn’t, Trump’s, John Trump, Alyssa Farah Griffin, Griffin, Mike Pence’s, “ It’s, Abraham Lincoln’s, Abraham Lincoln, Tad, Lincoln, “ Tad, Tad Lincoln, Willie, bashed Biden Organizations: CNN, Immigration, Department of Homeland Security, Trump, Homeland, House Republicans, Electoral College, Washington Post, ABC, Wisconsin, Wisconsin Republicans, Republican, Bucks, ISIS, North Korean, Obama, Biden, New York Times, Taiwan News, NASA, Federal Highway Administration, USA, Gov, Drilling, National Wildlife Reserve, Wildlife Refuge, Raymond James & Associates, Alaska Industrial Development, Export Authority, Democratic, Oprah, MIT, Massachusetts Institute of Technology, Newsweek, Schools, White House, Pentagon, Capitol Locations: El Salvador, Guatemala, Honduras, United States, Wisconsin, Virginia, Oregon, Vegas, Las Vegas, Bucks County , Pennsylvania, Bucks County, Pennsylvania, Georgia, Texas, Michigan, Philadelphia, North Korea, China, Trump’s, Taiwan, “, ”, Midwest, California, ” California, Louisiana

☆ How America's Economy Managed to Avoid Recession, Job Market Disaster
▼ + stars: | 2024-10-27 | by ( Neil Dutta | ) www.businessinsider.com time to read: +9 min

AdvertisementWe're not in a recessionTo determine whether the economy is in recession, it helps to first define the term. Sure, the yearlong payrolls were adjusted down, but the story has largely been the same: This is a cooling but not collapsing labor market. Despite the 50-basis-point interest-rate cut by Chairman Jerome Powell and the rest of the Fed, there's evidence of additional slowing in the labor market. Since the rate cut, I've grown more confident that it will act in the face of weaker employment data. If the labor market deteriorates and the unemployment rate increases, we ought not to rule out another 50-basis-point move.

Persons: We're, —, Jerome Powell, there's, Powell, Stocks Organizations: Federal, National Bureau of Economic Research, Social Security, Conference Locations: America

☆ Cruise lines are having a moment as a popular — and cheaper — alternative to hotels
▼ + stars: | 2024-10-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Royal Caribbean is set to release its quarterly results on Tuesday, followed by Norwegian Cruise Line Holdings ' report on Wednesday. That means the cruise lines may have more room to grow, she said. "The wider that gap, the better the opportunity for the cruise lines to have upside," Farley said in an interview with CNBC. However, Scholes said his research shows that out of the three major cruise lines, the Carnival brand is facing the most pricing competition from private cruise operator, MSC. Stock Chart Icon Stock chart icon Norwegian Cruise Lines stock year to date

Persons: Marco Bello, Patrick Scholes, Hilton, Christopher Nassetta, industry's, Brandt Montour, Montour, Josh Weinstein, CNBC's, Robin Farley, Farley, Truist's Scholes, Scholes, It's, Caribbean's Organizations: Port, Afp, Getty, CNBC, Wednesday, Barclays, Royal, Cruise Line Holdings, UBS, Orlando, Vegas, Royal Caribbean, Bloomberg, Royal Caribbean's, Citi, Cruise Lines Locations: Port of Miami, Miami , Florida, Caribbean, Royal Caribbean, 200bps, PortMiami, Norwegian

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