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☆ Caitlin Clark joins NWSL ownership group bidding to bring soccer team to Cincinnati
▼ + stars: | 2024-11-22 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +2 min

Caitlin Clark has joined an ownership group looking to create a National Women's Soccer League team in Cincinnati, Ohio. Cincinnati is a growing favorite among cities looking to become the 16th NWSL franchise, with other potential outposts including Denver, Cleveland, Philadelphia and Nashville. "The NWSL Cincinnati bid team is thrilled that Caitlin Clark has joined our ownership group in pursuit of bringing a women's professional soccer team to our city," the NWSL Cincinnati bid team wrote in a statement. Bay FC, which played its first season this year, spent $53 million to cover the NWSL expansion fee. The NWSL declined to comment on Clark's involvement with Cincinnati's ownership group.

Persons: Caitlin Clark, Clark, —, Jessica Golden Organizations: Indiana Fever, Dallas Wings, Gainbridge Fieldhouse, Women's Soccer League, BOS Nation Football Club, Bay FC, Sixth, Cleveland Soccer Group, University of Iowa, National Basketball Association Locations: Indianapolis , Indiana, Cincinnati , Ohio, Cincinnati, Denver, Cleveland, Philadelphia, Nashville, Greater Cincinnati, Boston

☆ Cramer names oil and natural gas stocks set to do well under Trump
▼ + stars: | 2024-11-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday said companies related to natural gas and oil will thrive under President-elect Donald Trump's administration and a majority Republican Congress. "If you want a sustainable Trump trade, I say bet on the natural gas ecosystem. Enbridge says it transports about 20% of all natural gas consumed in the U.S., and Cramer claimed the Canadian outfit has "strategically located assets." He also named Cheniere and Sempra , saying the former is the "best play" for liquified natural gas exports. "Seasonally, this is a good time for the commodity," he said, pointing out that natural gas itself has climbed since the election.

Persons: CNBC's Jim Cramer, Donald Trump's, Joe Biden's, Cramer, Trump, Chris Wright, Kinder Morgan, Enbridge Organizations: Republican Congress, Trump, Department of Energy, Energy Locations: underperform, U.S

☆ Watch CNBC's full interview with MicroStrategy's Michael Saylor
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with MicroStrategy's Michael SaylorMichael Saylor, MicroStrategy executive chairman, joins CNBC's 'Squawk Box' to discuss Citron's short bet on MicroStrategy, MicroStrategy's position and profit in Bitcoin, and more.

Persons: MicroStrategy's Michael Saylor Michael Saylor Locations: Bitcoin

☆ Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts
▼ + stars: | 2024-11-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Now we see it's very common for these store cards to charge over 30%." Just before the Fed began its rate-cutting cycle in September, many retailers and their bank partners raised interest rates on their store cards to protect their profits when the federal funds rate — which determines their own interest rates — came down. Now, the average interest rate on a store card is at an all-time high just ahead of the holiday shopping season, which is when most consumers sign up for store cards. That was less than half of the interest rate increase for store cards seen from September 2023 to September 2024, when the federal funds rate didn't budge. When asked why they increased the APR on their store cards, the companies that returned CNBC's request for comment pointed vaguely to industry standards and the current economic environment.

Persons: Tommy, Petco, Ted Rossman, it's, Jasmine Matheney, Nordstrom, Matheney, you've, preemptively Organizations: U.S, Federal Reserve, Navy, Academy Sports, Fed, CNBC, Comenity Bank, Big Lots Locations: Petco, Burlington, Macy's, Michael's, Michigan

☆ Jim Cramer is bullish on cybersecurity stocks, saying two industry leaders are buys
▼ + stars: | 2024-11-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer pointed out that the speculative trade is on — as investors pile into riskier bets. To be sure, JPMorgan does see Trump tariff risk for Best Buy since lots of electronics are made in China. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jim, CrowdStrike, Wells, Stocks, Jim Cramer's Organizations: CNBC, Nvidia, JPMorgan, Club, Palo Alto Networks, Ross, PepsiCo Locations: China, Abbvie

☆ 'The Infatuation' CEO on dining trends in the U.S.
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'The Infatuation' CEO on dining trends in the U.S.Paul Needham, CEO of The Infatuation, joins CNBC's 'Squawk Box' to discuss dining trends he's seen around the country recently, how consumers are spending on food, and more.

Persons: Paul Needham Locations: U.S

☆ CNBC Daily Open: Expectations can move shares in strange ways — just look at Nvidia
▼ + stars: | 2024-11-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets digest Nvidia earningsU.S. markets rose on Thursday after digesting Nvidia's earnings release. [PRO] Stimulus boosting Chinese marketsChinese markets are "turning a corner" after the Beijing unleashed several stimulus measures to boost the economy, said HSBC . "The market has so far reacted positively to these initiatives,' analysts from HSBC wrote in a Nov. 19 note, in which they picked two Chinese stocks to hold for 2025.

Persons: Hong, Aftereffects, Gautam Adani, CNBC's Ganesh Rao Organizations: CNBC, U.S . Department of Justice, Google, Chrome, Nikkei, Bank of Japan, Reuters, Adani, Motors, Germany's Volkswagen, Nissan, HSBC Locations: Asia, Pacific, Japan, U.S, India, China, Beijing

☆ Salesforce CEO Benioff rips Microsoft's AI efforts. Here's why we're not picking sides
▼ + stars: | 2024-11-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

In the emerging AI software battle between Microsoft and Salesforce , investors do not need to pick a side. The announcements came roughly one year after the tech giant launched a suite of AI assistant tools called Microsoft 365 Copilot. Both companies leaning into AI agents is notable because Salesforce CEO Marc Benioff has not been hesitant to attack Microsoft's competing AI offerings. Salesforce stock is up 28% year to date versus Microsoft's roughly 9% gain since the start of 2024. I don't want to go against Microsoft," Jim said.

Persons: Jim Cramer, —, Marc Benioff, Benioff, who's, Satya Nadella, Nadella, They're, We've, Salesforce, Slack, Agentforce, Jim, it's, Jim Cramer's, Salesforce's Dreamforce, Justin Sullivan Organizations: Microsoft, Deutsche Bank, Club, CNBC, Getty Locations: Agentforce, Salesforce's, Mulesoft, San Francisco , California

☆ Watch CNBC's full interview with Raymond James' Tavis McCourt and Crossmark's Victoria Fernandez
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Raymond James' Tavis McCourt and Crossmark's Victoria FernandezTavis McCourt, Raymond James institutional equity strategist, Victoria Fernandez, Crossmark Global Investments chief market strategist, and Warren Pies, 3Fourteen Research co-founder, join 'Closing Bell' to discuss each expert's outlook for equities.

Persons: Raymond James ' Tavis McCourt, Victoria Fernandez Tavis McCourt, Raymond James, Victoria Fernandez, Warren Organizations: Crossmark Global Investments, 3Fourteen Research

☆ Stocks making the biggest moves premarket: Gap, NetApp, Intuit and more
▼ + stars: | 2024-11-22 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Intuit — Stock in the financial software firm pulled back about 3% after its earnings guidance for the current quarter missed analyst estimates. Intuit forecast second-quarter earnings of $2.55 to $2.61 per share, while analysts polled by FactSet were looking for a profit of $3.25 per share. Ross' third-quarter earnings of $1.48 per share surpassed the $1.40 forecast from analysts polled by LSEG. NetApp earned $1.87 per share, after adjustements, on revenue of $1.66 billion, while analysts polled by LSEG were looking for a profit of $1.78 per share and revenue of $1.65 billion. Elastic — The software stock jumped 24% after the company posted an earnings beat.

Persons: FactSet, Goldman Sachs, Ross, NetApp, LSEG, — CNBC's Michelle Fox, Sean Conlon Organizations: Intuit —, Intuit, Ross, LSEG Locations: LSEG .

☆ Trump's trade policies will boost inbound investments & improve exports, says Hermes' Steve Auth
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump's trade policies will boost inbound investments & improve exports, says Hermes' Steve AuthSteve Auth, Federated Hermes equities CIO, joins CNBC's 'The Exchange' to discuss expectations for how Trump's trade policy will impact U.S. markets.

Persons: Hermes, Steve Auth Steve Auth Organizations: Hermes

☆ Watch CNBC’s full interview with SandboxAQ CEO Jack Hidary
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with SandboxAQ CEO Jack HidaryJack Hidary, SandboxAQ CEO, joins 'Money Movers' to discuss Nvidia and how AI will perform under Trump's administration.

Persons: Jack Hidary Jack Hidary Organizations: Nvidia

☆ What makes a good leader? Being able to listen, say young people
▼ + stars: | 2024-11-22 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +2 min

Bringing people together, showing determination and being a good listener are some of the qualities younger generations look for in leaders. That's according to Generation Z and millennial participants at the One Young World summit in Montreal, Canada. "People go through so much and yet their achievements are so much greater than everything that they've ever been through," she said. While some leaders "aren't really always driven by good intentions," according to Whisky, even those with differing views can "sit in the same room." Hunter is part of the Northern Irish Education Committee, in a role that she said contributes to building a peaceful society in the region.

Persons: Sue Whisky, CNBC's Tania Bryer, aren't, Cara Hunter, Hunter Organizations: Environmental Network Malawi, Northern, Northern Ireland Assembly, East Londonderry, Northern Irish Education Committee Locations: Montreal, Canada, Northern Irish, East

☆ Amazon to invest another $4 billion in Anthropic, OpenAI's biggest rival
▼ + stars: | 2024-11-22 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. Anthropic is the company behind Claude — one of the chatbots that, like OpenAI's ChatGPT and Google's Gemini, has exploded in popularity. In March, Amazon's $2.75 billion investment in Anthropic was the company's largest outside investment in its three-decade history. The companies announced an initial $1.25 billion investment in September 2023. In September, Anthropic rolled out Claude Enterprise, its biggest new product since its chatbot's debut, designed for businesses looking to integrate Anthropic's AI.

Persons: Claude chatbot, Claude —, Claude, It's, Anthropic, Jared Kaplan, Kaplan, Claude Enterprise Organizations: Microsoft, Meta, AWS, Amazon's, CNBC, Google Locations: Anthropic, Amazon, San Francisco

☆ WNBA star Cameron Brink on the No. 1 negotiation skill that's helped her sign deals with New Balance, Skims and more
▼ + stars: | 2024-11-22 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

WNBA star Cameron Brink had to learn how to negotiate her worth sooner than most 22-year-olds. Despite suffering a torn ACL in June that sidelined her rookie season, Brink's momentum off the court hasn't slowed. "Building my confidence in negotiations has been a journey for me, but I remind myself that my skills and hard work are valuable," Brink told CNBC Make It in an email. The most important step she takes to prepare for any negotiation, Brink says, is to research the companies she negotiates with. By contrast, the highest-paid players in the NBA are earning more than $50 million a year — and that's before factoring in sponsorships.

Persons: Cameron Brink, Brink, New Balance's, Caitlin Clark —, She's, Hamby, Steph Curry, Adam Broda, Taylor, you've Organizations: New, Stanford University, Sports Illustrated, Los Angeles Sparks, CNBC, Amazon, WNBA, Women's, Basketball Players, Vogue Business, NBA

☆ Investors are still 'early in the game' if they get into bitcoin now, says Bitwise Asset's Horsley
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are still 'early in the game' if they get into bitcoin now, says Bitwise Asset's HorsleyHunter Horsley, Bitwise Asset Management founder and CEO, joins CNBC's 'The Exchange' to discuss outlooks on bitcoin.

Persons: Bitwise Asset's Horsley Hunter Horsley Organizations: Investors, Bitwise Asset Management Locations: bitcoin

☆ Why X's new terms of service are driving some users to leave Elon Musk's platform
▼ + stars: | 2024-11-22 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

X's new terms of service, which took effect Nov. 15, are driving some users off Elon Musk's microblogging platform. The terms are prompting some longtime users of the service, both celebrities and everyday people, to post that they are taking their content to other platforms. Although Musk said in May that X has 600 million monthly users, market intelligence firm Sensor Tower estimates X had 318 million monthly users as of October. That same month, Meta said Threads had nearly 275 million monthly users. Here are some of the noteworthy changes in X's new service terms and how they compare with those of rivals Bluesky and Threads.

Persons: Gabrielle Union, Donald Trump, Musk, Meta, Bluesky Organizations: Elon Musk's, Twitter, Bluesky's, CNBC Locations: Bluesky, Bluesky's U.S

☆ Spain slaps $187 million fine on Ryanair, EasyJet and others for 'abusive' cabin luggage fees
▼ + stars: | 2024-11-22 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Spain's Ministry of Consumer Rights on Friday slapped a $179 million euro ($186 million) fine on five low-budget airlines for "abusive practices" including charging additional cabin luggage fees. Spanish low-cost airline Vueling was ordered to pay 39.2 million euros and EasyJet was fined 29 million euros. Scandinavia's second-largest airline Norwegian and Spanish airline Volotea each received penalties in excess of 1 million euros. The five airlines should discontinue their practice of requiring additional payment for cabin luggage and reserving a seat near a dependent traveler, the ministry said. "We completely disagree with the decision of the Spanish Consumer Ministry and find the proposed sanctions outrageous," an EasyJet statement said, stressing it considers its cabin luggage policy to be aligned with all applicable laws.

Persons: Vueling, EasyJet, Javier Gandara, Michael O'Leary Organizations: Ministry of Consumer Rights, Ryanair, Spanish, Spain's Association of Airlines, CNBC, Ministry of Consumer, ALA, Spain's Consumer Affairs Ministry, Governments, Spanish Consumer Ministry, Boeing, International Air Transport Association Locations: Spain, Europe

☆ Elon Musk takes a jab at Jaguar's rebranding campaign
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk takes a jab at Jaguar's rebranding campaignCNBC's Squawk Box team delves into the backlash surrounding Jaguar's ad campaign.

Persons: Elon

☆ Watch CNBC's full interview with U.S. Secretary of Commerce Gina Raimondo
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with U.S. Secretary of Commerce Gina RaimondoCNBC's Kate Rooney sits down with Commerce Secretary Gina Raimondo in her first interview since the 2024 presidential election to discuss the future of AI safety, the status of CHIPS Act funding, and her advice to the incoming administration.

Persons: Gina Raimondo, Kate Rooney Organizations: U.S

☆ Sitting on huge profits in Nvidia? Consider these 2 rules from Jim Cramer before proceeding
▼ + stars: | 2024-11-22 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Here's our Club Mailbag email investingclubmailbag@cnbc.com — so you send your questions directly to Jim Cramer and his team of analysts. This week's question: On Sept. 16, 2015, I bought 125 shares of Nvidia as a speculation stock. As longtime followers of Jim Cramer know, our belief at the Club is that discipline trumps conviction. Do we see further upside for Nvidia shares? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, NVDA, Jim, Jensen, Lee, –, you've, Jensen Huang, Donald Trump, They've, Jim Cramer's Organizations: Nvidia, NVDA, Investors, U.S, CNBC Locations: Florida, China, Taiwan

☆ Late Morning Rundown: November 22, 2024
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNews Update – Late MorningCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ One of the world's richest families plans to create Paris's next big soccer success
▼ + stars: | 2024-11-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

"There is an anomaly in French football and in Parisian football, that it is probably the only big city in Europe with only one big football club. France's billionaire Arnault family, owners of luxury group LVMH and one of the richest dynasties on the planet, is preparing to secure majority ownership of minor soccer club Paris FC — but sees any sporting turnaround as a long-term aim. Antoine Arnault speaks to the media during the Paris FC press conference at Groupe ADP – Centre d’entrainement Paris FC on November 20, 2024 in Orly, France. Asked by CNBC whether he saw Paris FC as a potential challenger, Arnault said: "That would be very immodest of us, to even compare ourselves to Paris Saint-German. Arnault told CNBC that if his family wanted a "trophy asset," they would have looked elsewhere.

Persons: Arnault, CNBC's Charlotte Reed, Red Bull, Antoine Arnault, Bernard Arnault, Bull, Germain, We're, Jürgen Klopp, Ryan Reynolds, Rob McElhenney Organizations: Paris FC, Associated Press, CNBC, Leipzig, Austria's, Paris FC —, Groupe ADP –, d’entrainement Paris FC, Qatari, titans Paris Saint, French, Paris Saint, League, Champions League, Liverpool, Premier League, Welsh, Wrexham AFC —, Bull Locations: Europe, Paris, Austria's Salzburg, Orly, France, English, Leipzig, Salzberg

☆ 'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis
▼ + stars: | 2024-11-22 | by ( Hugh Son | ) www.cnbc.com time to read: +9 min

Morris, like thousands of other customers, was snared in the collapse of a behind-the-scenes fintech firm called Synapse and has been locked out of her account for six months as of November. Then she learned how much Evolve Bank & Trust, the lender where her funds were supposed to be held, was prepared to return to her. The crisis started in May when a dispute between Synapse and Evolve Bank over customer balances boiled over and the fintech middleman turned off access to a key system used to process transactions. Synapse helped fintech startups like Yotta and Juno, which are not banks, offer checking accounts and debit cards by hooking them up with small lenders like Evolve. But that would've required more coordination between Evolve and the other lenders that held customer funds than what ultimately happened.

Persons: Oscar Wong, Kayla Morris, Morris, Andreessen Horowitz, Jelena McWilliams, Zach Jacobs, there's, Yotta, Adam Moelis, they've, Jacobs, Andrew Meloan, Meloan, I've, ” Zach Jacobs, McWilliams, McWilliams didn't, Rayburn, Tom Williams, hadn't, Judge Martin Barash, Natasha Craft, they're, Andreatte Caliguire Organizations: Evolve Bank & Trust, Synapse, Evolve Bank, ., CNBC, FedEx, Evolve, Deposit Insurance Corp, U.S, FDIC, Trump, Federal Reserve, Federal Deposit Insurance Corporation, Financial, Prudential Regulators, Megabanks, Depository, CQ, Inc, AMG, Lineage Bank, American Bank, Indiana FedEx Locations: Texas, Tampa , Florida, Yotta, Chicago, California, Mishawaka , Indiana

☆ Trump hush money sentencing delayed indefinitely
▼ + stars: | 2024-11-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Former US President Donald Trump attends the second day of his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City on April 16, 2024. A New York judge Friday indefinitely postponed President-elect Donald Trump's sentencing in his criminal hush money case. Trump's attorneys — including Todd Blanche, whom Trump recently tapped to be the No. 2 official at the Department of Justice — argued Tuesday that the hush money case must be thrown out "immediately." "Just as a sitting President is completely immune from any criminal process, so too is President Trump as President-elect," Blanche and lawyer Emil Bove wrote in a letter to Merchan.

Persons: Donald Trump, Donald Trump's, Judge Juan Merchan, Trump, Todd Blanche, Department of Justice —, Blanche, Emil Bove Organizations: Manhattan Criminal, Prosecutors, Manhattan, Attorney's, Department of Justice Locations: New York City, York

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