New Zealand’s central bank is expected to slash its policy rate by 50 basis points to 4.75%, while the Reserve Bank of India is expected to hold rates at 6.5% Source link
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Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty ImagesStocks @ 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 stocks rebounded on Tuesday, and what’s on the radar for the next session.Costco WholesaleThe members’ only store releases September sales on Wednesday around 4:15 p.m., Eastern time.Costco shares are 3.6% off the Sept. 13 high, and they’re up 1.57% in…
In a Tuesday interview with CNBC’s Jim Cramer, Aaron Jagdfeld, CEO of generator company Generac, warned that the pressure on the power grid is only going to increase, burdened by a massive crop of new data centers and more severe weather.”This has become a massively critical discussion point,” Jagdfeld said. “This is only going to get worse.”Jagdfeld described how outages affect homeowners, businesses and other institutions, and said during the first nine months of 2024, 1.2 billion hours were lost to outages in the U.S. Commercial and industrial-type products make up 40% of Generac’s business, he continued, such as backup…
By Chad Jennings, Stephen J. Nesbitt and C. Trent RosecransNo major-league ballpark holds more fans than Dodger Stadium. Its 56,000 seats blend high-wattage celebrities with anonymous diehards to create one of baseball’s loudest, most intense atmospheres. It’s intimidating. Especially in October.Just not for Jurickson Profar.Home crowds always have their say in the playoffs, and after a wild-card round in which home teams generally struggled, the postseason intensity finally bubbled over in good ways and bad on Sunday.In Los Angeles, Profar robbed a home run and taunted the Dodgers faithful, hopping up and down in left field before revealing the ball…
The solana cryptocurrency could outperform ether and bitcoin in a big way if former President Donald Trump wins the U.S. election, according to Standard Chartered. In a new research note, the bank’s head of digital assets, Geoffrey Kendrick, outlined his expectations for bitcoin, ether and solana depending on whether Trump or his Democratic opponent Vice President Kamala Harris wins the presidential election. Solana, launched in 2020, is designed to be faster than other cryptocurrencies. Like ether, it enables developers to develop applications — something that’s harder to do with bitcoin, which is primarily used for transactions. Trump vs. Harris If…
Goldman Sachs thinks that U.S.-traded shares of Barclays still have a long growth runway ahead, even after already beating the market so far in 2024. The firm initiated coverage of the banking stock with a buy rating and a 290 pence per share price target on Tuesday. Goldman’s forecast implies more than 26% upside from Monday’s 229.65 pence close. Barclays’ sponsored American Depositary Receipts have jumped 54% in 2024 compared with a 20% gain for the S & P 500, according to FactSet data. Goldman analyst Chris Hallam forecasts that Barclays could grow its earnings per share twice as fast…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJohn Rutledge, Safanad chief investment strategist, joins ‘Closing Bell Overtime’ to talk China’s market pullback and how U.S. investors should navigate it. Source link
SpaceX’s next-generation Starship spacecraft, atop its powerful Super Heavy rocket, lifts off on its third launch from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. March 14, 2024. Cheney Orr | ReutersThe Federal Aviation Administration may issue SpaceX its next Starship license in time for a Sunday launch attempt, CNBC has learned.SpaceX and its CEO Elon Musk have been vocally critical of the FAA in recent weeks, urging the federal regulator to speed up its license review for Starship’s fifth test flight. As recently as last week, the FAA said it did not expect to…
Democratic presidential nominee and U.S. Vice President Kamala Harris walks to board Air Force Two as she departs for New York, at Joint Base Andrews, Maryland, U.S., October 7, 2024. Evelyn Hockstein | ReutersVice President Kamala Harris said she considers Iran to be America’s “greatest adversary,” in a new interview on the CBS show “60 Minutes Overtime.” The Democratic presidential nominee’s choice of Iran, rather than Russia or China, underscores how much the Mideast war has shifted U.S. foreign policy priorities.Speaking with “60 Minutes” correspondent Bill Whitaker, Harris was asked which nation she considers “to be our greatest adversary.””I think there’s…
When the Montreal Canadiens were considering whether they should use the No. 1 pick in the 2022 NHL Draft on Slovak winger Juraj Slafkovský, we were given a glimpse at their draft meetings through the team’s annual behind-the-scenes draft video.In one of those meetings, Canadiens co-director of amateur scouting Nick Bobrov made his pitch for the hulking winger who was a late riser on draft lists that year.The first of the two most important points made by Bobrov was about Slafkovský’s personality.“He just has that personality to want to take the bull by the horns,” Bobrov said. “He wants to…
