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☆ Here are Thursday's biggest analyst calls: Apple, Amazon, Tesla, Chipotle, Capital One, United & more
▼ + stars: | 2022-12-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley downgrades Capital One and Ally Financial to underweight from equal weight Morgan Stanley said in its downgrade of Capital One and Ally Financial that it sees "significant risk" for both stocks. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by it's overweight rating on Tesla but is concerned 2023 could be a disappointing year in general for electric vehicles. Morgan Stanley initiates Vizio as equal weight Morgan Stanley said it's concerned the television tech company lacks scale to keep up with bigger competitors. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it's standing by shares of Salesforce after the company's disappointing earnings report on Wednesday. Morgan Stanley reiterates Snowflake as overweight Morgan Stanley said investors should stick with shares of Snowflake for the long-term after its earnings report on Wednesday.

☆ Sam Bankman-Fried says he 'didn't ever try to commit fraud'
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +4 min

"I didn't ever try to commit fraud," Bankman-Fried said in the hour-long interview, adding that he doesn't personally think he has any criminal liability. The liquidity crunch at FTX came after Bankman-Fried secretly moved $10 billion of FTX customer funds to Alameda Research, Reuters reported, citing two people familiar with the matter. At least $1 billion in customer funds had vanished, the people said. Bankman-Fried told Reuters in November the company did not "secretly transfer" but rather misread its "confusing internal labeling." Bankman-Fried said he was speaking from the Bahamas and that the interview was against the advice of his lawyers.

☆ Amazon's Cyber Monday sales continue: 40+ deals you can still shop
▼ + stars: | 2022-11-29 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +15 min

SKIP AHEAD Home and kitchen deals | Tech deals | TV deals | Beauty and wellness deals | Pet deals | Best Amazon Cyber Monday sales | Do you need a Prime membership to shop Amazon’s Cyber Monday deals? The best Amazon Cyber Monday 2022 dealsBelow, we rounded up some of the best deals from Amazon’s ongoing Cyber Monday savings event based on our previous coverage and Select reader interest. 4.5-star average rating from 33,540 reviews on AmazonAccording to Kasa, this smart light switch is designed to fit into a standard junction box. Best Amazon Cyber Monday 2022 sales to shopHere are some of the best ongoing sales to shop during Amazon’s extended Cyber Monday sale that we think you’ll want to know about. Do you need a Prime membership to shop Amazon’s Cyber Monday deals?

☆ Amazon Cyber Monday 2022: Shop these 71+ deals before they're gone
▼ + stars: | 2022-11-28 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +23 min

Amazon is still hosting several Cyber Monday deals, as are major retailers like Walmart, Target and Best Buy. SKIP AHEAD Home and kitchen deals | Tech deals | TV deals | Beauty and wellness deals | Pet deals | Best Amazon Cyber Monday sales | Do you need a Prime membership to shop Amazon’s Cyber Monday deals? Anyone can shop Amazon’s Cyber Monday deals, though the retailer does offer some exclusive deals for Prime members. The best Amazon Cyber Monday 2022 dealsBelow, we rounded up some of the best deals from Amazon’s Cyber Monday savings event based on our previous coverage and Select reader interest. Best Amazon Cyber Monday 2022 sales to shopHere are some of the best sales to shop for during Amazon’s Cyber Monday sale that we think you’ll want to know about.

☆ Best Amazon Cyber Monday deals available now: Apple, Kindle and more
▼ + stars: | 2022-11-27 | by ( Mili Godio | ) www.nbcnews.com time to read: +21 min

SKIP AHEAD Home and kitchen deals | Tech deals | TV deals | Beauty and wellness deals | Pet deals | Best Amazon Cyber Monday sales | Do you need a Prime membership to shop Amazon’s Cyber Monday deals? The best Amazon Cyber Monday 2022 dealsBelow, we rounded up some of the best deals from Amazon’s Cyber Monday savings event based on our previous coverage and Select reader interest. Best Amazon Cyber Monday home and kitchen deals4.7-star average rating from 10,573 reviews on AmazonThis All-Clad two-piece cookware set comes with 8- and 10-inch non-stick frying pans. 4.6-star average rating from 150,441 reviews on AmazonFitBit makes some of the best fitness smartwatches you can buy. Best Amazon Cyber Monday 2022 sales to shopHere are some of the best sales to shop for during Amazon’s Cyber Monday sale that we think you’ll want to know about.

☆ Emoji for expenses, penthouses and slipshod accounting: The most damning details from new FTX CEO's report
▼ + stars: | 2022-11-17 | by ( Rohan Goswami | ) www.cnbc.com time to read: +5 min

Penthouses, perks and personal items"In the Bahamas, I understand that corporate funds of the FTX Group were used to purchase homes and other personal items for employees and advisors. Other reports have detailed lavish perks allegedly given to FTX employees in the Bahamas. Ray's filing indicated that corporate funds were used to purchase homes for employees and advisors, sometimes in their name. For example, employees of the FTX Group submitted payment requests through an online 'chat' platform where a disparate group of supervisors approved disbursements by responding with personalized emojis." It isn't immediately clear what platform FTX used, although the company is known to have used Slack for internal communications.

☆ Jeff Bezos plans to give away most of his fortune: Why 'it’s a big deal,' from a philanthropy expert
▼ + stars: | 2022-11-16 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Jeff Bezos finally said he plans to give away the "majority" of his $122 billion fortune during his lifetime. Bezos had 'resisted developing a public philanthropic identity'Why is the 58-year-old Bezos just now committing to giving away the bulk of his fortune? For years, Soskis says, Bezos "resisted developing a public philanthropic identity," a position that the researcher believes had "become increasingly untenable" amid public criticism of Bezos' massive wealth. Gates and Buffett are the founders of the Giving Pledge. The analogy could be seen as an attempt to explain why Bezos has waited to announce his philanthropic plans, and why those plans still remain somewhat vague.

☆ Jeff Bezos says he plans to give away most of his $124 billion fortune
▼ + stars: | 2022-11-14 | by ( Rohan Goswami | Rohan Goswami Is A News Associate At Cnbc. | ) www.nbcnews.com time to read: +1 min

Billionaire Amazon founder Jeff Bezos recently said he plans to give away the “majority” of his fortune. Bezos’ comments were made in an interview with CNN on Saturday, when he said he plans to use his wealth to fight climate change and to support societal “unifiers.” Bezos is worth about $124 billion, according to the Bloomberg Billionaires Index. “The hard part is figuring out how to do it in a levered way,” Bezos told CNN. The Giving Pledge was started by Bill Gates and Warren Buffett. Bezos committed $10 billion dollars to the Bezos Earth Fund in 2020, and by October 2021 had given away $947 million through the same.

☆ Jeff Bezos for the first time says he will give most of his money to charity
▼ + stars: | 2022-11-14 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Though Bezos’ vow was light on specifics, this marks the first time he has announced that he plans to give away most of his money. “I just feel honored to be able to be a part of what they’re doing for this world,” Bezos told CNN. Bezos has committed $10 billion over 10 years, or about 8% of his current net worth, to the Bezos Earth Fund, which Sánchez co-chairs. The economic downturnWhile Bezos and Sánchez plot out their plans for Bezos’ immense wealth, many people of more modest means are bracing for what economists fear may be an extended economic downturn. CNN recently reported that Bezos and Jay-Z are in talks on a potential joint bid on the Washington Commanders.

☆ Jeff Bezos pledges to give away the majority of his $124 billion fortune to charity
▼ + stars: | 2022-11-14 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Jeff Bezos has pledged to give away the majority of his wealth. In an interview with his girlfriend Lauren Sánchez, the Amazon founder told CNN reporter Chloe Melas that he planned to give away most of his estimated $124 billion fortune. Bezos said he planned to dedicate the bulk of this fortune to fighting the climate crisis and supporting people who could unify humanity, per CNN. The statement is the first time Bezos has pledged to give away the majority of his wealth. In the past, some have criticized the Amazon founder for not signing the Giving Pledge, a promise by some of the world's richest people to donate the majority of their wealth to charity.

☆ One year after Nasdaq peak, growth stocks have tumbled and crypto has broken — where to from here?
▼ + stars: | 2022-11-12 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The Nasdaq record came just ten days after Bitcoin's apex near $67,000, a moment when total cryptocurrency market value topped $2.8 trillion. Those numbers today are under $17,000 for Bitcoin and the crypto market cap is around $800 billion, down 70%-plus. Just days after the November 2021 Nasdaq high, Federal Reserve Chair Jerome Powell abruptly and publicly shifted his rhetoric on inflation and monetary policy, endorsing a much faster removal of stimulus than previously indicated. In the 18 months leading to the March 2000 Nasdaq peak, the index more than tripled. One year after the March 2000 Nasdaq peak, with the index down some 60%, the Nasdaq 100 still had a forward price/earnings ratio above 50.

☆ Insana: The manic speculation behind the fall of FTX is as old as the markets themselves
▼ + stars: | 2022-11-10 | by ( Ron Insana | ) www.cnbc.com time to read: +2 min

Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty ImagesWith a nod to Gertrude Stein, "there's no there there," in the world of cryptocurrencies. Whether it's manias in Sumerian grain markets, Dutch tulip bulbs, railroad bonds and everything from internet service providers to digital currencies, leveraged speculation is as old as markets themselves. Digital assets that don't exist in reality have been used as collateral to buy and sell other non-existent assets with a heavy dose of borrowed money. This creates a daisy chain of interlocked digital tokens that have no inherent value except what people are willing to ascribe.

☆ The Fed's jumbo-sized rate hikes will uncover more 'skeletons in the closet' for crypto after FTX's rescue, economist says
▼ + stars: | 2022-11-09 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Rising interest rates will cause further casualties in the crypto space, according to the Peterson Institute's Martin Chorzempa. FTX announced Tuesday it agreed to be taken over by rival exchange Binance, shocking investors. "We can expect a lot more problems to come," Chorzempa told CNBC. "We can expect a lot more problems to come," Chorzempa told CNBC on Wednesday. "When rates come up, a lot of skeletons that have been waiting in the closet in highly-speculative, highly-levered markets tend to come out."

☆ Cramer: Why tech can't find a bottom as other parts of the market show signs of life
▼ + stars: | 2022-11-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

The Carvana and Zillow calls aren't resonating because the autos and housing companies have already seen their stocks crushed. At the same time, these once-thriving tech companies that saw an ever-expanding funnel somehow didn't seem to see any of this coming. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Companies still have way too much office space, and they can't sell it
▼ + stars: | 2022-11-05 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

Collin Madden, founding partner of GEM Real Estate Partners, walks through empty office space in a building they own that is up for sale in the South Lake Union neighborhood in Seattle, Washington, May 14, 2021. According to Elizabeth Ptacek, senior director of market analytics at commercial real estate information and analytics company CoStar, there is currently 232 million square feet of surplus commercial real estate up for sub-leasing. A few things we know about corporate real estate: it's a focus of cost-cutting for companies, but it's also probably the last asset you want to sell now in a soft market. It's a bad situation, but she said that for owners of corporate real estate, if the cost of real estate debt is cheap and the balance sheet is solid, sit on the real estate. Ptacek noted that after 2008, the peak in the distressed asset sales wave didn't occur until 2010/2011.

☆ Why the ultimate low in stocks not in yet, according to this market strategist
▼ + stars: | 2022-11-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The market has not hit its low of the cycle yet thanks to the spike in the 2-year Treasury yields and a looming recession, according to Canaccord Genuity. The S & P 500 is down more than 20% year to date, and investors have been searching for signs of a bottom in every bounce. Since 1957, the market hasn't seen the absolute bear market low before the cycle peak in the 2-year Treasury yield, he said. Also since that time, the the S & P 500 hasn't bottomed before an economic downturn began. Instead, the S & P 500 reaches bottoms out a median 23.5 weeks after the start of a recession, Dwyer said.

☆ Canadian dollar forecasts cut as BoC trails Fed on peak-rate bets - Reuters poll
▼ + stars: | 2022-11-02 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

The currency has weakened over 7% against the U.S. dollar since the start of 2022. It was then expected to rally to 1.31 in a year, versus 1.30 expected in last month's poll. "That implied spread between terminal rates in Canada and the United States will probably have to widen out further and that could take the U.S. dollar higher across the board including against the Canadian dollar." Investors are betting on a terminal rate, or peak level for interest rates, from the BoC in the coming months of 4.25%. "We see less interest in investing money back into the ground in the oil patch when oil prices are high and so there's less room (for the currency) to fall when oil prices are low."

☆ Jim Cramer says these 8 stocks can withstand the Fed’s tightening cycle
▼ + stars: | 2022-11-01 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday offered investors a list of stocks that he thinks will weather the market turbulence ahead. Leaders like health care, leaders like the oils, leaders like the financials that lay off people as a matter of course. He also echoed his sentiment that tech stocks are no longer market leaders and should be avoided. "When there was lots of free money sloshing around, you wanted to know how much free money you could get. Disclaimer: Cramer's Charitable Trust owns shares of Constellation Brands, Eli Lilly, Procter & Gamble and Johnson & Johnson.

☆ What Cramer is watching Friday — Amazon drop overdone, Apple's outlier quarter, Big Oil profits
▼ + stars: | 2022-10-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Shares of the Club holding down 13% in premarket. Apple's quarter was better than expected , an outlier in an otherwise brutal week for Big Tech earnings. Club holding AbbVie (ABBV) solid number, more of the same. Club holding Pioneer Natural Resources (PXD) slightly misses on EPS of $7.48. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ What Cramer is watching Wednesday — mortgage demand collapses, tech red flags
▼ + stars: | 2022-10-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

What I am looking at Wednesday, Oct. 26, 2022 Worst mortgage demand since 1997 . Early, weaker quarterly summary on tech Tuesday evening from Club holdings Alphabet (GOOGL) and Microsoft (MSFT). No longer in early innings of the cloud, and cloud costs, especially electricity, are way up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Amazon, Tesla, Microsoft, Rivian & more
▼ + stars: | 2022-10-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Piper Sandler initiates Deckers as overweight Piper said it's bullish on the company's Hoka shoe brand. Bernstein reiterates Tesla as underperform Bernstein said it's concerned about China competition for Tesla. Mizuho reiterates Rivian as buy Mizuho said Rivian is best positioned with China concerns and potential EV slowdowns globally. Morgan Stanley reiterates Tesla as overweight Morgan Stanley lowered its price target on Tesla to $330 per share from $350 and said it's changing estimates to account for "unexpected headwinds." JPMorgan reiterates Apple as outperform JPMorgan said it has "resilient expectations" heading into Apple earnings later this week.

☆ Cramer's lightning round includes a fintech 'on the road to redemption'
▼ + stars: | 2022-10-25 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: 1 min

Signature Bank (SBNY): "I think the stock is probably incorrectly valued. But it does not have a big [annual dividend] yield. Most of the bank stocks have a good yield and are levered to the yield curve [in the bond market], so to speak. It's not going to react as well as some of the traditional banks."

☆ The volatile bond market could cause a 'system reset,' says an award-winning fund manager who explains why the way out will either be apocalyptic or a 'shock move higher' for stocks.
▼ + stars: | 2022-10-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Michael Gayed says if volatility in the bond market doesn't abate, economic activity could halt. But even for someone with Gayed's expertise, this year's market conditions have brought surprises relative to historical cycles. Instead, it's a system-wide distress signal and an indication that the government bond market can't handle the higher rates, he added. If the bond market were to have a really nasty collapse further from where we are now, "it's like a reset for the system", Gayed said. However, a recovery likely won't be led by US large-cap stocks, Gayed said.

☆ These retail chains may not survive a recession
▼ + stars: | 2022-10-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN Business —America’s retail chains have proven surprisingly strong during the pandemic. At the beginning of the pandemic, stores temporarily closed to halt the spread of Covid-19 and retail sales tumbled. “That wave of defaults effectively flushed out a lot of debt and unprofitable stores from the sector,” Sokolyanska said. Retail sales quickly recovered thanks to federal stimulus checks, growing personal savings accounts and pent-up consumer demand. Retail sales remain above pre-pandemic levels and more stores have announced openings than closings this year.

Typically, banks would sell the debt to investors and pocket an underwriting fee. Elon Musk vs TwitterThe debate, currently a topic of conversation among investment bankers and debt investors, provides a window into the havoc wreaked on Wall Street by Musk’s U-turn last week. Musk, however, conditioned his proposal on his ability to secure debt financing and now has until Oct. 28 to close on the transaction. VARIOUS OPTIONSThe debt financing package is comprised of leveraged loans, which are risky because of the amount of debt the company is taking on, as well as secured and unsecured bonds. In September, banks financing the Citrix buyout undertook a similar restructuring.

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