Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here's what CNBC TV's producers were watching as a decline in Nvidia shares weighed on the S&P 500 Wednesday and what's on the radar for Thursday's session.

Thursday's big stock stories: What's likely to move the market in the next trading session

Revenue rose 32% to $964 million, exceeding the high end of guidance. Non-GAAP net income was $261 million, surpassing management's expectations by 5.2%. Guidance for the current quarter points to revenue growth to approximately $982 million at the midpoint. The cybersecurity company reported strong earnings, beating on key metrics, but...

CrowdStrike Reports 32% Revenue Growth in Fiscal Q2

Reuters

(Reuters) - CrowdStrike's results on Wednesday will offer a first look at the financial implications of the global cyber outage that paralyzed Microsoft Windows operating system last month, with investors keen to understand the impact on the cybersecurity firm's reputation and whether it has led to potential market share losses to rivals.

CrowdStrike earnings to shed light on fallout from global Windows outage

Nvidia is set to report earnings after hours on Wednesday with analysts expecting another round of blowout growth. Top tech CEOs discussed their spending on Nvidia products on their recent earnings calls. Bullishness about generative AI should make Nvidia a long-term winner. All eyes are again turning to Nvidia (NVDA...

Should You Buy Nvidia Before Aug. 28? Here's What the Billionaire CEOs Are Saying.

Here are 11 updates on UnitedHealth Group and its subsidiaries that Becker's has reported since July 22:. 1. UnitedHealth Group recorded the largest profit among major payers in the second quarter of 2024. 2. The consumerization of healthcare is accelerating, and the nation's largest health insurer is keeping pace. In...

UnitedHealth Group in the headline: 11 updates

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public. If you're looking for a safe place to park significant savings, a jumbo CD can...

Best jumbo CD rates for September 2024

Texas State

An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There has been "modest growth" in the dinner sausage category for one producer, according to the Dallas Federal Reserve's Texas Manufacturing Outlook Survey released Monday. This underscores the trends of shoppers opting for cheaper products and pulling back spending all together as cumulative inflation bites into purchasing power.

Increased sausage demand could be worrying signal on the economy

Nvidia said Wednesday that its board of directors has approved a $50 billion stock buyback. The computer chip giant announced the share repurchase as part of its fiscal second-quarter earnings, in which it reported earnings and guidance that surpassed Wall Street expectations. In May, Apple announced a $110 billion stock...

Nvidia announces $50 billion stock buyback

Lowe's will no longer participate in surveys for Human Rights Campaign, an advocacy group supporting transgender rights, and is also combining its various business resource groups that represent diverse employees into one umbrella organization, an internal memo obtained by Reuters on Monday showed. The company will not be sponsoring or...

Home improvement retailer Lowe's latest U.S. firm to end some diversity policies

The Motley Fool

Bitcoin could soar in price over the next decade. But that's not the only reason billionaires are buying Bitcoin.

Billionaires Are Buying This Cryptocurrency That Could Soar 20,000%, According to MicroStrategy Executive Chairman Michael Saylor

The stocks have jumped on their earnings report. Here's why they could keep rallying.

3 Soaring Stocks That Are Screaming Buys in August

Lyft is down sharply from its IPO price, but the business is showing signs of improvement. David Tepper and Ken Griffin both bought the stock in the second quarter. The company just reported its first quarter of GAAP profitability. This ride-sharing specialist could be poised for a turnaround. Lyft (LYFT...

This Growth Stock Is Down 83%, but Billionaire Investors Are Scooping It Up. Is It a Buy?

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Prices of the red metal have been climbing steadily in recent weeks, paring losses after falling to a four-month low in early August. Saxo Bank's Ole Hansen said copper's recent rally had been bolstered by renewed demand from hedge funds which had previously cut their exposure "during the recent and deep 24% correction."

Copper prices near six-week high as one strategist says the 'worst of the correction is over'

One of the world's most successful hedge fund managers boasts an extremely concentrated portfolio, so it attracts attention when he makes big changes.

Billionaire Investor Bill Ackman Has 100% of His $10 Billion Portfolio in Just 9 Stocks, But There Were Seismic Changes During the Quarter

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

TheStreet

Her flagship Ark Innovation ETF has sunk 21% year to date.

Cathie Wood buys $59 million of pummeled tech stocks

It’s that time again! “Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Cramer’s Lightning Round: Dell is a buy

Irvine, CA

NewSantaAna

The Irvine Police Department’s Spectrum team was notified of a woman shoplifting at Sephora on Wednesday. When loss prevention tried to stop her, she refused to stop. As the Spectrum team arrived, loss prevention lost the suspect in the parking lot. An excellent citizen told the officers they observed the suspect enter a white Tesla and crawl into the trunk.

Shoplifter arrested after hiding in her Tesla’s trunk at the Irvine Spectrum

NewsBreak

Wells Fargo: CrowdStrike's growth will reaccelerate next year once they mitigate customer churn

Andrew Nowinski from Wells Fargo breaks...

Wells Fargo: CrowdStrike's growth will reaccelerate next year once they mitigate customer churn

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