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☆ Stocks making the biggest moves premarket: FedEx, Chewy, Trump Media and more
▼ + stars: | 2024-09-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Lennar — The homebuilding stock slipped 3% despite beating analysts' expectations for its fiscal third quarter. Trump Media & Technology Group — Shares traded nearly 5% lower as selling restrictions on former President Donald Trump and other early investors ended. PepsiCo — The snacks and beverage stock slipped 1% following a downgrade at Morgan Stanley to equal weight from overweight. ASML — Shares slipped 2% after Morgan Stanley downgraded the semiconductor manufacturer to equal weight from overweight. Aptiv — Shares of the automobile technology supplier rose more than 1% after an upgrade to overweight from equal weight at Wells Fargo.

Persons: John Donahue, Elliott Hill, Lennar, LSEG, Donald Trump, MillerKnoll, Tesla, Morgan Stanley, Lee Simpson, Piper Sandler, Chewy, Buddy Chester, CNBC's Michelle Fox, Sarah Min, Jesse Pound, Samantha Subin Organizations: Nike —, FedEx —, Trump Media & Technology, —, Constellation Energy, Microsoft, — Auto, Mercedes, General Motors, PepsiCo, Contessa Pharmaceuticals, Valero Energy Locations: China, Wells Fargo

☆ Stocks making the biggest moves midday: FedEx, Nike, Constellation Energy and more
▼ + stars: | 2024-09-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Constellation Energy – Shares surged more than 17% after the company announced plans to restart the Three Mile Island nuclear plant and sell that power to Microsoft to satisfy the energy needs of its data centers. ASML – The semiconductor stock slid 3.4% in the wake of a Morgan Stanley downgrade to equal weight from overweight. Morgan Stanley said the risk-to-reward ratio has been "balancing." Centessa Pharmaceuticals – The biotech stock rose more than 4% after Morgan Stanley upgraded it to overweight from equal weight. Valero Energy – The energy stock declined nearly 3% after a Piper Sandler downgrade to neutral from an overweight rating, citing "less room for outperformance."

Persons: Raj Subramaniam, Elliott Hill, John Danahoe, Eli Lilly's orforglipron, Eli Lilly, Vistra, it's, Donald Trump, Lennar, ASML, Morgan Stanley, Piper Sandler, Buddy Chester, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: FedEx, Nike, Constellation Energy, Microsoft, Novo Nordisk –, Deutsche Bank, Corbus Pharmaceuticals, Novo Nordisk's, Viking Therapeutics, Vision, Trump Media & Technology, Pharmaceuticals, Valero Energy Locations: Novo, Texas

☆ Stocks making the biggest moves premarket: Darden Restaurants, Nvidia, DoorDash, Coursera and more
▼ + stars: | 2024-09-19 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Darden Restaurants — Shares advanced nearly 11% after the restaurant operator announced a multiyear partnership with Uber for on-demand delivery later this year. The company reported weaker-than-expected quarterly earnings and revenue, however, as its sales weakened at Olive Garden and its fine dining restaurants. DoorDash — The food delivery stock rose more than 3% after an upgrade to buy from neutral at BTIG. Alibaba – Shares rose more than 4% after the Chinese e-commerce company launched more than 100 open-source artificial intelligence models and a text-to-video tool. FedEx — Shares rose more than 1% ahead of the shipping giant's first-quarter earnings report due after the bell.

Persons: Uber, Jefferies, chipmakers, FactSet, Alibaba, Max, Stocks, bitcoin, — CNBC's Sean Conlon, Alex Harring, Samantha Subin, Jesse Pound, Brian Evans, Sarah Min, Michelle Fox Theobald Organizations: Darden, Olive, NextEra Energy, Nvidia, Arm Holdings, Micron, Micron Technology, FedEx —

His new home is a notorious federal jail in New York City known for extreme violence and abominable medical care. Still, the conditions are horrid across the facility, according to interviews with more than a half-dozen defense lawyers and a review of court documents. “The agency as a whole has failed to assist MDC Brooklyn with the staffing crisis, hence allowing MDC Brooklyn to fail,” the union head, Rhonda Barnwell, wrote in a memo to Bureau of Prisons officials in June 2023. "That is why, earlier this year, the director appointed an Urgent Action Team to take a holistic look at the challenges at MDC Brooklyn," the spokesman added. A statute in the federal court system requires defendants who are out on bail to be remanded to jail after they are convicted.

Persons: Sean, Diddy, Combs, Gary Brown, Sam Bankman, Kelly, Ghislaine Maxwell, “, Xavier Donaldson, ”, Jeffrey Epstein’s, Rhonda Barnwell, Luis Rivas, Uriel Whyte, Edwin Cordero, Mr, Cordero, Andrew Dalack, Terrence Wise, wasn’t, LaShann DeArcy, Jonathan Goulbourne, Jesse Furman, Furman, Judge Brown, Brown, Daniel Collucci, Richard Kestenbaum Organizations: Metropolitan Detention, MDC, District, Justice Department, Metropolitan Correctional Center, Brooklyn, MDC Brooklyn, of Prisons, NBC News, . Justice, Urgent, New York Daily News Locations: New York City, Brooklyn, U.S, New York, Queens , New York, “

When you’re an NFL head coach, you’re in charge of a lot of things. Brian Callahan, the first-year head coach of the Tennessee Titans, is now overseeing aspects he didn’t have to think about before as an assistant. He was head coach of the Oakland Raiders from 2002 to 2003 and the University of Nebraska from 2004 to 2007. Tennessee Titans head coach Brian Callahan. “Sometimes I’ll call them ‘Coach Bill’; sometimes I’ll call Brian ‘Coach Cally.’ I mean, whatever comes out.”Running backs coach Randy Jordan remembers getting confused early on.

Persons: you’re, Brian Callahan, Bill Callahan, “, Bill, “ We’re, Brian, ” Brian, ” Bill, Cleveland, Justin Ford, ’, Lloyd Cushenberry, Bill ’, Brian ‘, Cally, Randy Jordan, Nick Holz, it’s, ” Holz, that’s, ”, It’s Organizations: NFL, Tennessee Titans, NBC News, Oakland Raiders, University of Nebraska, Cleveland Browns, Getty, The Titans, Cincinnati Bengals, Browns, National Football League, Titans

☆ Jenn Tran and Devin Strader's messy breakup after 'The Bachelorette' was only the beginning of their drama. Here's a complete timeline.
▼ + stars: | 2024-09-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +2 min

During the live portion of the finale, Jenn reveals that Devin broke up with her in August during a 15-minute phone call. Jenn and Devin during the live "Bachelorette" finale. John Fleenor/DisneyBefore the proposal was shown on TV, host Jesse Palmer brought out an emotional Jenn to reveal the surprising status of their relationship. She explained that after leaving Hawaii engaged, she felt like Devin was acting distant. After Devin joined the stage during the live finale, Jenn confronted him.

Persons: Jenn, Devin, John Fleenor, Jesse Palmer, Instagram —, Maria, Maria Georgas, I'm Organizations: Disney, Hawaii, Bachelor Nation

☆ Gold has rallied ahead of Fed rate cuts. Here's why there could still be more upside
▼ + stars: | 2024-09-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Gold is already near the top of the 2024 range of outcomes projected by BlackRock Investment Institute, for example. Emerging market central banks have about 6% of their FX reserves in gold, and developed markets have about 12%. "Weaponizing dollar-based systems, including SWIFT , has led to more people, more countries specifically — more sovereign wealth funds and central banks — not trusting dollar-based assets as much. ETF flows As central banks have been bidding up gold, smaller investors were selling for much of this year. The VanEck Merk Gold ETF (OUNZ) and the Abrdn Physical Gold Shares ETF (SGOL) are the other funds with at least $100 million in net inflows this year, according to FactSet.

Persons: there's, Robert Minter, Minter, SWIFT, Lauren Goodwin, we're, Chris Verrone Organizations: Federal, Nasdaq, BlackRock Investment Institute, Abrdn, World Gold Council, U.S ., FX, United, Russia, New York Life Investments, MiniShares, Federal Reserve Locations: U.S, Abrdn . Central, Central, United States, Ukraine

☆ Stocks making the biggest moves midday: Intuitive Machines, U.S. Steel, Victoria's Secret and more
▼ + stars: | 2024-09-18 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Intuitive Machines — Shares soared 51% after the space exploration company secured a roughly $5 billion space network contract from NASA. The move is likely intended to push a decision on the politically controversial takeover past the presidential election in November. Victoria's Secret — The intimate apparel maker gained 5% after Barclays upgraded shares to equal weight from underweight, citing a more balanced risk/reward backdrop. The investment firm said VF Corp should start to see benefits from last year's CEO change this fall. Casella Waste Systems — The recycling company fell 5% after announcing a $400 million public offering of its Class A common stock.

Persons: Steward, McGrath RentCorp —, McGrath, Eli Lilly's GLP, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Jesse Pound, Pia Singh Organizations: NASA, United States Steel, Nippon Steel, Barclays, Medical Properties, Medical Properties Trust, WillScot Holdings, Wolfe Research, Casella Waste Systems Locations: U.S

☆ FBI investigating threatening letters sent to elections officials in several states
▼ + stars: | 2024-09-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Michael-Kosnar-Circle-Byline-Template.Jpg | Michael Kosnar | ) www.nbcnews.com time to read: +5 min

The FBI is warning election offices to be on the lookout after threatening letters containing suspicious substances were sent to the offices of multiple secretaries of state throughout the country. A senior law enforcement official confirms elections officials in at least six states received packages on Monday, but so far none of the packages have been found to contain any actual hazardous material. Secretaries of state, attorney general offices and state election offices in Nebraska, Iowa, Kansas, Tennessee, Wyoming and Oklahoma were targeted. The FBI, United States Postal Inspection Service (USPIS), and state and local law enforcement partners are investigating multiple letters containing suspicious substances which have been mailed to Secretary of State's offices. The incident is also the second time in the past year that threats have hit multiple state election offices simultaneously.

Persons: —, Robert Evnen, Chuck Gray, State Paul Pate, State Tre Hargett, Doug Kufner, Donald Trump, Trump, State Jena Griswold Organizations: FBI, ”, NBC News, U.S . Postal, Service, United States Postal Inspection Service, Memorial Hall, Nebraska State Patrol, Lincoln, Lancaster County Health Department, Nebraska, State, Hargett Locations: Nebraska , Iowa , Kansas , Tennessee , Wyoming, Oklahoma, ” In Kansas, Iowa, Topeka , Kansas, Lincoln , Nebraska, Nebraska, Lancaster, Wyoming, Tennessee, California , Georgia, Nevada , Oregon, Washington, Colorado

☆ Lawmakers are 'demeaning their role' by trying to influence the Fed, House finance chair says
▼ + stars: | 2024-09-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Rep. Patrick McHenry, R-N.C., sharply criticized other politicians on Tuesday for making public comments about what the Federal Reserve should do with its interest rate policy. McHenry, the outgoing chair of the House Financial Services Committee, said it was an '"outrage" that some politicians are publicly lobbying the central bank about rate cuts. "Senators that are trying to direct the Fed on rate policy are really demeaning their role. McHenry's comments came one day before the U.S. central bank is widely expected to start cutting interest rates for the first time since 2020. Coming in the middle of a presidential election cycle, the change in Fed policy has stirred speculation as to whether the central bank would be influenced by political considerations.

Persons: Patrick McHenry, Kevin McCarthy, McHenry, …, Jerome Powell, Joe Biden, Democratic Sens, Elizabeth Warren of, John Hickenlooper of, Sheldon Whitehouse, Warren, Whitehouse, Trump, Sen, Mike Lee, Trump's Organizations: Rep, U.S, Capitol, Federal, Financial Services, Senators, United, Trump, Democratic, Fed, Republicans, Georgetown University's Psaros, Financial Markets Locations: R, Washington, United States, U.S, Elizabeth Warren of Massachusetts, John Hickenlooper of Colorado, Rhode, Utah

UVALDE, Texas — Relatives and friends of the victims of the Uvalde school shooting shouted “Coward! Gonzales and former school district police chief Pete Arredondo had been in the courtroom a few minutes earlier for the hearing. A Justice Department report said it was possible some children might have been saved had officers gone into the classroom earlier. Gonzales’ attorney had stopped to talk to the media. Gonzales’ attorney told reporters that investigative reports on the shooting by the Justice Department and the Texas House did not suggest prosecuting his client.

Persons: “ Coward, Coward, ”, Adrian Gonzales, Gonzales, Pete Arredondo, Gonzales ’, Brett Cross, Uziyah Garcia, Arredondo, Cross, “, Uziyah, Cazares, Jesse Rizo, Rizo, ” Rizo, Torres ’, Ruben Torres, Christina Mitchell, Mitchell Organizations: Justice Department, Texas House, NBC News, Border Patrol, Judicial, Protection Locations: UVALDE, Texas, Uvalde’s, Arredondo

The man arrested in connection to an apparent attempted assassination of former president Donald Trump appeared to follow law enforcement directions and was taken into custody without incident, footage of the confrontation released on Monday showed. Driver go straight back, keep walking," a law enforcement agent wearing what appeared to be a protective "SHERRIF" vest said. Two law enforcement agents then grabbed his hands and handcuffed the man, the video showed. A witness who spotted Routh and his car was crucial to helping law enforcement find the suspect quickly, Martin County Sheriff William Snyder said. "If he's a lone gunman, President Trump is that much safer because we have him.

Persons: Donald Trump, Ryan Wesley Routh, Routh, Martin County Sheriff William Snyder, Snyder, Trump Organizations: Sheriff’s, Martin County Sheriff Locations: Martin, Trump's Florida, Martin County

☆ Citigroup says both candidates are negative for stocks, so hope for a split Congress
▼ + stars: | 2024-09-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors may be better off if November's election ends with neither candidate having enough wiggle room to enact their economic policies, according to Citigroup. "We maintain our ongoing view that either candidate's policy platforms are U.S. equity negative, but notably in a 'sweep' context. We mark the Harris platform as incrementally more negative (-4% to -6%) vs the Trump platform (0% to -4%). A split congress with either candidate mitigates most of the nearer term risk to fair values," the note said. … We continue to reiterate our ongoing concern that the deficit circumstance will move more front and center with investors post election," the Citigroup said.

Persons: Scott Chronert, Kamala Harris, Donald Trump, Harris, mitigates, Trump Organizations: Citigroup, Trump, White Locations: Montana , Nevada , Arizona, Pennsylvania

☆ Stocks making the biggest moves midday: Nuvalent, Alcoa, Sprouts Farmers Market, Apple and more
▼ + stars: | 2024-09-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Upstart Holdings – Shares of the personal finance firm fell 5% after the announcement of a new debt offering. Sprouts Farmers Market – Shares of the supermarket chain rose nearly 5% following an upgrade to outperform from in line at Evercore ISI. The investment firm wrote that Sprouts, which specializes in organic products, could be a beneficiary of a trend towards healthier eating. Apple – Shares slumped 3% following reports of sluggish demand for some of the company's latest iPhone models. Yelp – Shares dropped 4% after Bank of America initiated coverage of Yelp with an underperform rating.

Persons: Nuvalent, Bausch, Goldman Sachs, Morgan Stanley, Donald Trump, Ming, Chi Kuo, —, Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Jesse Pound Organizations: Financial Times, FT, Alcoa, Intel –, Bloomberg, Intel, Pentagon, Micron Technology, Evercore ISI, Trump Media & Technology, Apple –, TF Securities, Apple, JPMorgan, Bank of America Locations: California

☆ Stocks making the biggest moves before the bell: Apple, Intel, Alcoa, Micron Technology and more
▼ + stars: | 2024-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Apple — The technology stock fell more than 2% following analyst reports that early shipping data may signal softer demand for iPhone 16 Pro models. Intel — The semiconductor stock rose 1.3% before on the bell. Micron Technology — The semiconductor stock slid 2.8% after Morgan Stanley cut its price target by a whopping $40 to $100. ASE Technology — The semiconductor packager added 1.7% on the heels of a Morgan Stanley upgrade to overweight from equal weight. Zillow — The real estate stock rose more than 2% after an upgrade to outperform from neutral from Wedbush.

Persons: Donald Trump, Bausch, Morgan Stanley, Morgan Stanley's, Wells, Ally, downgrades, Zillow, —, Jesse Pound, Sarah Min, Sean Conlon, Samantha Subin Organizations: Trump Media & Technology, Republican, Holdings, Apple, Financial Times, Alcoa, Intel, Bloomberg, Micron Technology, Technology, Colgate, Palmolive, Bank of America, Zillow Locations: California, Wells Fargo

“It’s a huge turning point in our lives,” said Fischer, who was 6 when a gunman killed 20 first graders and six educators at Sandy Hook Elementary School on Dec. 14, 2012. Emma brown, giffords executive directorSince 2013, at least 122 people have been killed by gunfire in 64 planned school shootings, according to NBC News’ tracker. “We were told this would be what turns everything around,” said Emma Ehrens, 18, who was next to the Sandy Hook gunman as he shot her classmates. “It really breaks your heart a little bit more every time.”A memorial site along a road in Sandy Hook after the mass shooting at Sandy Hook Elementary School in Newtown, Conn., in 2012. Since Sandy Hook, states have passed more than 620 gun safety laws, Brown said.

Persons: Grace Fischer, Fischer, It’s, ”, Henry Terifay, Lilly Wasilnak, Matt Holden, Harris, Lawrence Jackson, Emma Brown, Giffords, Gabby Giffords —, ” Brown, Trump, Emma, giffords, Emma Ehrens, Sandy, Sandy Hook, Lisa Wiltse, Kamala Harris, “, you’ve, ” Harris, Ella Seaver, Donald Trump, JD Vance, “ We’ve, they’re, ” Vance, Vance, Biden, JT Lewis, Jesse, ” Lewis, Brown, Joe Biden, Holden, ” Wasilnak Organizations: Sandy Hook Elementary, Sandy Hook Elementary School, White, Las, NBC News, Apalachee High, Johns Hopkins Center for Gun Violence Solutions, Getty, Republican, National Rifle Association, “, Federal School Safety Commission, Safer Communities Locations: Sandy, Newtown , Connecticut, U.S, Newtown, Conn, Ohio, Phoenix

☆ Trump says 'I hate Taylor Swift' after pop star endorses Kamala Harris
▼ + stars: | 2024-09-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Taylor Swift performs onstage during "Taylor Swift | The Eras Tour" at Wembley Stadium on August 16, 2024 in London, England. Former president Donald Trump lashed out at pop star Taylor Swift on Sunday, less than a week after the musician endorsed Vice President Kamala Harris. "I hate Taylor Swift!," Trump posted in all caps on Truth Social, the website owned by the Trump Media & Technology Group . She also signed the caption as "childless cat lady," a reference to remarks about Democratic women made by Republican vice presidential nominee JD Vance. Trump had previously shared fake artificial intelligence-generated images on social media that showed Swift and her fans supporting him.

Persons: Taylor Swift, Donald Trump, Kamala Harris, Trump, Swift, Harris, JD Vance Organizations: Wembley, Trump Media & Technology, Democratic, Republican Locations: London, England, Vote.gov

☆ Human remains found in Wisconsin identified as 3-year-old boy missing since February
▼ + stars: | 2024-09-14 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Human remains found on private property are those of 3-year-old boy who went missing in February, authorities in Wisconsin announced Friday. Two Rivers Police Chief Benjamin Meinnert said the remains, which were tested forensically and determined to be those of Elijah Vue, were found only three miles northwest from where the child had been reported missing. “What started out as a search for a missing boy is now a death investigation,” he said. Two Rivers Police DepartmentElijah disappeared from an apartment in Two Rivers, about 90 miles north of Milwaukee. Manitowoc County District Attorney Jacalyn LaBre said earlier this year that the child disappeared after he was sent to stay with a man because of "disciplinary reasons."

Persons: Benjamin Meinnert, Elijah Vue, We’re, ”, “, Elijah, Meinnert, Elijah Vue ., Rivers Police Department Elijah, Jacalyn LaBre, Katrina Baur, Jesse Vang, Baur, Vang Organizations: Rivers Police, Rivers Police Department, Facebook Locations: Wisconsin, Two Rivers, Milwaukee, Manitowoc County, Manitowoc

☆ Fact check: Harris campaign social media account has repeatedly deceived with misleading edits and captions
▼ + stars: | 2024-09-14 | by ( Daniel Dale | ) edition.cnn.com time to read: +17 min

Washington CNN —A social media account run by Vice President Kamala Harris’ campaign has been repeatedly deceptive. But the account, which the Harris campaign calls its “official rapid response page,” has itself made inaccurate comments on multiple occasions. The Harris campaign declined to comment on this @KamalaHQ post. The Harris campaign defended this @KamalaHQ post by arguing that “Trump’s entire platform is about embracing ‘tough’ policy of the past” on various subjects. The very next day, the Harris campaign used the @KamalaHQ account to tout her own popularity among chief executives.

Persons: Kamala Harris ’, Donald Trump, Harris, Trump, ”, “ Trump, “ Donald Trump, Kamala Harris, “, —, Charlottesville counterprotester Heather Heyer, David Muir, Muir, Sean Hannity, Laura Ingraham, Jesse, Watters, Greg Gutfeld —, Vance, Sen, JD Vance, Trump’s, Barack Obama, it’s, doesn’t, you’ll, “ Vance, William Martin, Martin, Vance “, JD Vance ”, Sally Smith, “ Smith, ’, Jack Posobiec, Posobiec Organizations: Washington CNN, Trump, ABC News, Fox News, ”, Department of Veterans Affairs, Marine Corps, of Veterans Affairs, Heritage Foundation, Republican, Social Security, of New, International Association of Fire Fighters, “ Trump, Trump loyalists Locations: Wilkes, Barre , Pennsylvania, North Carolina, Pennsylvania, ‘ Pennsylvania, Arizona, Tucson, Charlottesville, California, Your, of New York, America, ”

☆ Border Patrol response to Uvalde school shooting marred by lack of clear command and poor training, report says
▼ + stars: | 2024-09-13 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

Two Uvalde school police officers accused of failing to act were indicted this summer and have pleaded not guilty. Finally, at 12:50 p.m., a group led by a Border Patrol tactical team entered one of the classrooms and fatally shot the gunman. “We’ve expected certain outcomes after these investigations, and it’s been letdown after letdown,” said Rizo, who is on the Uvalde school board. Former Uvalde school Police Chief Pete Arredondo and former school officer Adrian Gonzales have pleaded not guilty to multiple charges of child abandonment and endangerment. Victims’ families have filed a $500 million federal lawsuit against law enforcement who responded to the shooting.

Persons: “, ”, Jesse Rizo, Jacklyn Cazares, hadn’t, “ We’ve, it’s, Rizo, Pete Arredondo, Adrian Gonzales, Arredondo Organizations: Border Patrol, Department of Homeland Security’s, Robb Elementary School, Patrol, . Justice Department, Police Locations: Uvalde , Texas, Texas, South Texas

☆ Stocks making the biggest moves premarket: Boeing, Oracle, Moderna and more
▼ + stars: | 2024-09-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Boeing — The stock sank 4% after Boeing factory workers went on strike early Friday after rejecting a new labor contract. Oracle — Shares of the database software company rallied more than 6%. Oracle lifted its fiscal 2026 revenue forecast and shared strong guidance for the 2029 fiscal year. RH — Shares of the home furnishings retailer surged 21% after a stronger-than-expected second quarter. Adobe — Shares sank more than 8% after the company issued softer-than-expected guidance for the current quarter.

Persons: Max, Kevin Clark, — CNBC's Michelle Fox, Lisa Han, Sarah Min, Jesse Pound Organizations: Boeing, Oracle —, Oracle, Moderna —, JPMorgan, —, Adobe —, Adobe, Aptiv, U.S . Securities, Exchange Commission, AstraZeneca —, Deutsche Bank

☆ Billionaire investor John Paulson says the Fed can 'move aggressively' on rate cuts
▼ + stars: | 2024-09-13 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Billionaire investor and hedge fund veteran John Paulson said Friday that he would like to see the Federal Reserve start big with its rate cuts. The central bankers seem to be deciding between a cut of 25 basis points or 50 basis points. One asset class that often rises when the Federal Reserve cuts rate is gold, and Paulson is a longtime bull on the yellow metal. Paulson is a veteran figure in the hedge fund world and is perhaps most famous for betting against the housing market ahead of the 2007 crash. Paulson announced in 2020 that he was converting his hedge fund into a family office.

Persons: John Paulson, Paulson, Donald Trump, Kamala Harris, Treasurys Organizations: Federal Reserve, Paulson, Co, Mines, U.S

☆ Stocks making the biggest moves midday: Moderna, Uber, Boeing, Adobe and more
▼ + stars: | 2024-09-13 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Oracle — The stock rose nearly 2% after the database software company raised its fiscal 2026 revenue outlook . Uber — Shares of the ride-sharing company advanced more than 5% following news that it plans to expand its partnership with Alphabet's Waymo . Adobe — Shares tumbled 9% after the software company issued weaker-than-expected guidance for the current quarter. Unity Software — Shares of the game engine company added nearly 7%. Discovery — Shares advanced about 9% after the media conglomerate entered an early renewal agreement with Charter Communications.

Persons: Kevin Clark, RH —, Gary Friedman, Alphabet's Waymo, Uber, Stifel, Biden, David Zaslav, —, Jesse Pound, Sean Conlon, Samantha Subin, Hakyung Kim Organizations: JPMorgan, Oracle, Aptiv, — Stock, Adobe, Boeing, Unity, Holdings, PDD Holdings, Redfin Corporation, Federal Reserve, U.S, Home, Warner Bros, —, Charter Communications, Discovery Locations: U.S, Austin , Texas, Atlanta, China

☆ Ripple's XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF
▼ + stars: | 2024-09-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The price of Ripple's XRP token jumped Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the cryptocurrency. XRP was last higher by more than 3% at 56 cents a coin, according to Coin Metrics. XRP is the native token of Ripple's XRP Ledger, whose main purpose is to facilitate cross-border financial transactions. Grayscale made history shortly after when a court ruled that the SEC was wrong to deny crypto investment giant permission to convert its popular bitcoin trust into an ETF. The Grayscale Bitcoin Trust and the Grayscale Ethereum Trust began trading in January and July of this year, respectively, as ETFs.

Persons: XRP, Rayhaneh Sharif, Analisa Torres, cryptocurrencies, Bitcoin, MicroStrategy, —, Jesse Pound Organizations: Metrics, Securities and Exchange Commission, District, SEC Locations: London, England, Bitcoin, U.S

☆ Stocks making the biggest moves premarket: Moderna, Alaska Air, Oxford Industries and more
▼ + stars: | 2024-09-12 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell: Alaska Air Group — Shares gained 5% after Alaska Air Group raised its third-quarter outlook, citing strong summer demand. The airline guided for per-share earnings in the range of $2.15 and $2.25, greater than prior guidance of $1.40 to $1.60 earnings per share. Moderna — Shares shed more than 6% after the drugmaker announced plans to slash expenses by $1.1 billion by 2027. Oxford Industries — Shares dropped 10% after the clothing company behind Tommy Bahama posted second-quarter figures that missed expectations. Oxford Industries posted adjusted earnings of $2.77 per share, lower than the FactSet consensus estimate of $3 earnings per share.

Persons: Moderna, Tommy Bahama, Kroger —, —, Alex Harring, Hakyung Kim, Jesse Pound, Samantha Subin Organizations: Alaska Air Group —, Alaska Air Group, Oxford Industries, Interpublic, Companies, UBS, U.S, Bancorp, U.S . Bancorp, Kroger, Diageo, Bank of America Locations: U.S

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