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☆ TikTok sues U.S. government over ban: Here's what's to know
▼ + stars: | 2024-05-08 | 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 EmailTikTok sues U.S. government over ban: Here's what's to knowSapna Maheshwari, The New York Times business reporter, joins 'Squawk Box' to discuss news of TikTok suing the U.S. government over a new law that would force its Chinese parent company ByteDance to divest the app or face a nationwide ban, how the legal challenge will likely play out, and more.

Persons: TikTok, Sapna Organizations: The New York Times Locations: The

☆ Trump hush-money porn star trial: Here's what's happened so far
▼ + stars: | 2024-05-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

Former US President Donald Trump attends his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City, on May 2, 2024. The historic hush-money trial, which still has another three to five weeks to go, marks the first-ever criminal trial of an ex-U.S. president. Fined $9,000 for contempt of courtFormer US President Donald Trump sits in the courtroom at Manhattan criminal court in New York, US, on Friday, May 3, 2024. Prosecutors dig inRepublican presidential candidate and former U.S. President Donald Trump shouts during a campaign event in Freeland, Michigan, U.S. May 1, 2024. Pecker, who said that he purchased the story in order to bury it, said that Trump never reimbursed the company.

Persons: Donald Trump, Doug Mills, He's, he's, Juan Merchan, Trump, Merchan, Attorney Alvin Bragg, Joe Biden, —, doesn't, Trump's protestation, Chris Conroy, Brendan Mcdermid, Michael Cohen, Stormy Daniels, Daniels, David Pecker, Pecker, Donald Trump's, Timothy A, Clary, Cohen, Karen McDougal, Rhona Graff, McDougal, Gary Farro, Keith Davidson, Davidson, Hope Hicks, Alex Wong Organizations: Manhattan Criminal, Afp, Getty, Manhattan Supreme, Reuters, Attorney, Trump, Truth Social, Republican, National Enquirer, American Media, White House, Capitol Locations: New York City, Manhattan, Wisconsin, Michigan, New York, Waukesha , Wisconsin, Freeland , Michigan, U.S, Republic, Washington , DC

☆ Here's what's driving Friday's stock action in Apple, Coterra and Eli Lilly
▼ + stars: | 2024-05-03 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "This is the kind of number you need that basically says the Fed is doing their job," Jim Cramer said. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Coterra, naysayers, Eli Lilly, drugmaker Amgen, we're, Jim Cramer's, Jim Organizations: CNBC, Club, Apple, Coterra Energy, Mizuho Securities

☆ 5 indicators that show the US economy is still firing on all cylinders despite slowing GDP
▼ + stars: | 2024-05-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

The US economy is still firing on all cylinders despite slowing GDP growth in the first quarter. "The workhorse of the US economy remains the consumer, and there's really not much sign of a slowdown," Varghese said. AdvertisementThe US economy is firing on all cylinders despite a slowdown in first-quarter GDP growth, according to Carson Group global macro strategist Sonu Varghese. These are the five indicators that give Varghese confidence that the US consumer, and therefore the US economy, remains on solid footing. Income growth is outpacing inflationDespite elevated inflation, wage growth continues to outpace inflation growth, and that's ultimately a boon for consumers.

Persons: Sonu Varghese, there's, Varghese, that's, That's, " Varghese, here's Organizations: Carson, Carson Group

"It is becoming clearer and clearer that the Fed isn't going to lower interest rates anytime soon," said Matt Schulz, chief credit analyst at LendingTree. "If Americans want lower interest rates, they're going to have to do it themselves." What determines your credit card rateSince most credit cards have a variable rate, there's a direct connection to the Fed's benchmark. It's also an ideal time for consumers to take advantage of all the options credit card issuers are offering. A balance transfer credit card moves your outstanding debt from one or more credit cards onto a new card, typically with a lower interest rate.

Persons: —, Matt Schulz, Michele Raneri, aren't, Schulz, Ted Rossman, Rossman, It's Organizations: Federal Reserve, TransUnion, Finance, Treasury Department Locations: U.S

☆ Congress may cancel Biden's new airline refund rules: Here's what's at stake
▼ + stars: | 2024-04-30 | 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 EmailCongress may cancel Biden's new airline refund rules: Here's what's at stakeBrian Kelly, The Points Guy founder, joins 'Squawk Box' to discuss reports that four lawmakers on Congress overseeing aviation policy may overturn President Biden's new rules that would require airlines to issue automatic cash refunds on cancelled or delayed flights in certain cases, what's at stake for consumers and airlines, and more.

Persons: Brian Kelly, Guy, Biden's

☆ An important student loan forgiveness deadline is hours away — and it takes under 15 minutes to apply
▼ + stars: | 2024-04-30 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

urbazonSome student loan borrowers have until the end of Tuesday to take advantage of an opportunity to get their debt forgiven sooner than they would have otherwise. If these borrowers are enrolled in an income-driven repayment plan, it can mean that they're also on multiple different timelines to forgiveness. "This will ensure folks get the maximum number of months of credit towards student debt cancellation," Fox said. Usually, a student loan consolidation restarts a borrower's forgiveness timeline to zero, making it a terrible move for those working toward cancellation. You can apply for a Direct Consolidation Loan at StudentAid.gov or with your loan servicer.

Persons: Jane Fox, Fox, Mark Kantrowitz, Kantrowitz Organizations: Biden, Finance, Cash, Family, Parent, Perkins, CNBC

☆ Asia is beautiful and warm, but here's what's its yachting industry back
▼ + stars: | 2024-04-29 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsia is beautiful and warm, but here's what's its yachting industry back"Red tape," high taxes and difficulty moving yachts between countries are some of the impediments facing Asia's growing yachting industry, Simpson Marine COO Richard Allen told CNBC's Monica Pitrelli.

Persons: Richard Allen, CNBC's Monica Pitrelli Organizations: Simpson

☆ American Airlines cuts some international flights into 2025 citing Boeing delivery delays
▼ + stars: | 2024-04-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. "We're making these adjustments now to ensure we're able to re-accommodate customers on affected flights," American said in a statement. Flights from New York to Barcelona will be suspended Sept. 3. Flights from Dallas/Fort Worth International to Dublin and to Rome, which were both scheduled as year-round flights, will now be suspended on Oct. 26. Flights from Chicago O'Hare to Paris will end Sept. 3 and resume next year.

Persons: John F, Boeing didn't Organizations: Boeing, American Airlines, Kennedy International, Fort Worth International, Dublin, Chicago O'Hare Locations: Barcelona, Europe, New, Athens, New York, Dallas, Rome, Chicago, Paris, Kona, Hawaii, Philadelphia, Miami, Montevideo, Uruguay, Sao Paulo, Brazil

☆ Iran-Israel conflict: Here's what's at stake
▼ + stars: | 2024-04-15 | 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 EmailIran-Israel conflict: Here's what's at stakeNew York Times White House and National Security Correspondent David Sanger joins ‘Squawk Box’ to discuss his new book, New Cold Wars: China’s Rise, Russia’s Invasion, and America’s Struggle to Defend the West, the ongoing conflict in the Middle East, and more.

Persons: David Sanger Organizations: New York Times White House, National Security Locations: Iran, Israel

☆ Here's what's happening in the crypto industry
▼ + stars: | 2024-04-15 | 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 EmailHere's what's happening in the crypto industryKavita Gupta, Delta Blockchain Fund founder, joins 'Squawk Box' to discuss how we should approach the 'bitcoin halving', the state of crypto at large, and more.

Persons: Kavita Gupta Organizations: Blockchain Fund

☆ Biden administration to forgive $7.4 billion in student debt for another 277,000 borrowers
▼ + stars: | 2024-04-12 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House in Washington, D.C., on Aug. 24, 2022. Evan Vucci | APThe Biden administration announced Friday that it will forgive $7.4 billion in student debt for 277,000 borrowers. The latest round of loan cancellations is a result of the U.S. Department of Education's recent changes and improved oversight of income-driven repayment plans and the popular Public Service Loan Forgiveness program. More than 65,000 borrowers will have their loans canceled through fixes to the Department of Education's income-driven repayment plans, and 4,600 borrowers are benefiting from the improvements to the government's loan forgiveness program for public servants. Aid for these groups in this round of forgiveness amounts to $3.5 billion and $300 million, respectively.

Persons: Joe Biden, Evan Vucci, Education Miguel Cardona Organizations: White, Washington , D.C, AP, Biden, U.S . Department, Public, Education, Finance, Cash, Valuable Education, Department Locations: Washington ,

☆ More Americans say they are living paycheck to paycheck this year than in 2023—here's why
▼ + stars: | 2024-04-09 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

A majority, 65%, say they live paycheck to paycheck, according to CNBC and SurveyMonkey's recent Your Money International Financial Security Survey, which polled 498 U.S. adults. That's a slight increase from last year's results, which found that 58% of Americans considered themselves to be living paycheck to paycheck. The 2024 survey polled 4,342 adults altogether and included 500 adults from Mexico, 503 adults from Australia and 482 adults from Singapore. For Americans, the feeling of living paycheck to paycheck spans the gamut of salaries. Of those who said they do, 35% said they would need to make $50,000 per year to feel financially secure, 44% said they'd need to make $100,000 per year and 11% said they'd need to make $500,000 per year.

Persons: Here's what's Organizations: CNBC, International Financial Security Survey Locations: U.S, Mexico, Australia, Singapore

☆ Here's what's wrong with the ‘100 envelope’ method and TikTok’s other viral savings challenges
▼ + stars: | 2024-04-09 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Between "cash stuffing," the "100 envelope" method or the "no-spend" challenge, there's no shortage of suggestions to better your financial standing. How these savings challenges work'Walk before you run'"I would definitely stress walking before you run," Rossman said. Rossman advises having money regularly transferred from your paycheck to a savings account. After a series of interest rate hikes from the Federal Reserve, some top-yielding online savings account rates are now paying even more than 5%, according to Bankrate.com — well above the rate of inflation. For example, if you have $5,000 in a high-yield savings account earning 5%, you'll make roughly $250 in interest in a year.

Persons: TikTok, Ted Rossman, Rossman, Matt Schulz, Schulz, Bankrate.com Organizations: Federal Reserve, FDIC

☆ Congress back in session: Here's what's on the legislative agenda
▼ + stars: | 2024-04-09 | 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 EmailCongress back in session: Here's what's on the legislative agendaCNBC’s Emily Wilkins and Axios Congressional reporter Juliegrace Brufke join 'Squawk Box' to discuss what's on Congress' legislative agenda as it returns to session this week.

Persons: Here's, Emily Wilkins, Juliegrace Brufke

☆ Disney wins proxy battle: Here's what's next for the company and CEO Bob Iger
▼ + stars: | 2024-04-04 | 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 EmailDisney wins proxy battle: Here's what's next for the company and CEO Bob IgerJessica Reif Ehrlich, BofA Securities senior U.S. media and entertainment analyst, joins 'Squawk Box' to discuss Disney's proxy fight win over activist investor Nelson Peltz, what's next for the company and CEO Bob Iger, the future of streaming, and more.

Persons: Here's, Bob Iger Jessica Reif Ehrlich, Nelson Peltz, what's, Bob Iger Organizations: Disney, BofA Securities

☆ Disney proxy battle concluding: Here's what's at stake
▼ + stars: | 2024-04-02 | 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 EmailDisney proxy battle concluding: Here's what's at stakeAlan Gould, Loop Capital managing director, joins 'Squawk Box' to discuss the latest developments in Disney's proxy battle with activist investor Nelson Peltz, who has the upper hand ahead of the shareholder meeting tomorrow, and more.

Persons: Alan Gould, Nelson Peltz Organizations: Loop Capital

☆ Here's what's driving the gains for gold
▼ + stars: | 2024-04-02 | 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 EmailHere's what's driving the gains for goldImaru Casanova, VanEck International Investors Gold Fund portfolio manager, joins 'The Exchange' to discuss catalysts behind gold's recent price movements, how much inflation is playing into gold's price, and more.

Persons: Imaru Casanova

☆ My family’s from the Greek island of longevity, where people often live to 100: The 12 foods we always eat
▼ + stars: | 2024-04-01 | by ( Diane Kochilas | ) www.cnbc.com time to read: +5 min

Try: Broad beans (aka, fava beans)ChickpeasGigantes (giant beans)LentilsSplit peasChickpea stew with honey-roasted cauliflower and root vegetables, from Diane Kochilas's book "The Ikaria Way." GrainsWhole grains are an integral part of the Ikaria diet. Olive oilOlive oil is the defining food of the Mediterranean diet and an absolute must in the pantry. Many of the health benefits associated with the Mediterranean diet, and, by extension, the Ikaria diet, are attributed to the health properties of olive oil. If goat's milk yogurt isn't to your liking, you might prefer the Greek yogurt commonly found in American supermarkets, which is similarly rich in probiotics.

Persons: Dan Buettner, I've, Diane Kochilas's, Diane Kochilas, Yiorgos Stenos, Oregano Savory, Diane Locations: Ikarians, North America, Europe, Greece, Olive

☆ Goldman has a long-term AI winners portfolio. Here's what's in it
▼ + stars: | 2024-03-18 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

As investors deliberate what's next for the artificial intelligence trade, Goldman Sachs has some long-term winners that can come out on top. But, for the moment, it has bolstered only a handful of companies in what Goldman Sachs is calling the first phase of the AI trade. Goldman Sachs anticipates the long-term winners are in the fourth and final phase. However, Goldman Sachs said the productivity gains to be had from AI would boost earnings per share for the company by roughly 39%. But Goldman Sachs said baseline earnings can jump 162% because of AI.

Persons: Goldman Sachs, Ryan Hammond, Hammond, Pinterest Organizations: Nvidia, Nvidia's, Productivity, Wall, Walmart, New York Times

☆ When our modern-day DaVinci speaks, I listen. Here's what I plan to do when Nvidia CEO Jensen Huang steps up to the mic this week
▼ + stars: | 2024-03-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +15 min

I think Jensen deserves one day a year when he can trace out a vision without a per share attached to it. Sure, plenty of people in line Saturday would, correctly I think, say to "own it, don't trade it." Sure, I was sweating "own it, don't trade it." And, can you imagine if you owned but didn't trade Intel from 1990 to 2000? (Don't tell current Intel CEO Pat Gelsinger, who thinks it is still alive.)

Persons: Lisa, Jensen Huang, Jensen, Lisa Su, Andy Grove, Elon Musk, he's, what's, We've, heaven's sakes, Sam Altman, Jensen's, —, Gordon Moore, Robert Noyce, Intel's, Noyce, blowhard, Pat Gelsinger, Enrique Lores, it's, He's, Frank Slootman, Jensen demurred, Frank, AMD's Su, It's, Colette Kress, Jim Cramer's, Jim Cramer, Jim Organizations: Palm, Wine, Club, Nvidia, New Yorker, Devices, Tesla, heaven's, OpenAI, Intel, IBM, HP, AMD, CNBC Locations: Florida, San Francisco, New

☆ Putin said Trump wasn't happy with him in 2020 because he thought the Russian leader wanted 'Sleepy Joe to win'
▼ + stars: | 2024-03-14 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Vladimir Putin said Donald Trump was upset in 2020 because he thought Putin wanted Joe Biden to win. Last month, Putin expressed his preference for a second Biden term over a Donald Trump win in 2024. AdvertisementRussian leader Vladimir Putin said former President Donald Trump was upset with him in 2020 over his supposed preference for President Joe Biden in that year's election. "President Putin of Russia has just given me a great compliment, actually," Trump told rallygoers in South Carolina last month, per ABC News. He wants Biden because he's going to be given everything he wants, including Ukraine," Trump said then.

Persons: Vladimir Putin, Donald Trump, Putin, Joe Biden, Trump, Joe, —, Biden, he'd, he's, rallygoers, Putin's Organizations: Biden, Service, Trump, GOP, ABC, Business, Republicans Locations: Russia, South Carolina, Ukraine, America

☆ Some advertisers are doubling their Amazon spends at the expense of Meta and Google. Here's what's driving the change.
▼ + stars: | 2024-03-12 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Read previewAmazon's push to grow its $47 billion ad business beyond its core search ads is starting to gain steam with advertisers. About 70% to 80% of advertisers' Amazon budgets go to search ads that drive sales, said Laura Meyer, founder and CEO of Amazon agency Envision Horizons. But Amazon is increasingly investing in adtech to grow its ad business beyond search placements and better compete with giants like Meta and Google. AdvertisementPower said that brands often spend 8% of Amazon sales on ads — mostly search ads that drive sales. He said clients are now increasing budgets to represent 12% to 15% of Amazon sales, with the incremental dollars going toward Amazon's adtech formats.

Persons: —, Laura Meyer, Patrick Miller, Mark Power, Power, Horizon's Meyer, it's, Ross Walker, They've Organizations: Service, Amazon, Meta, Google, Business, Trade Locations: Acadia

☆ These 28 regional and community banks exceed regulators' threshold for high commercial real estate concentration risk: here's what's really at stake.
▼ + stars: | 2024-03-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

But where banks' exposure to commercial real estate is concerned, locating that fire may be difficult. Rising interest rates quickly increased the cost of borrowing for investors in commercial real estate, including offices and multifamily homes. It doesn't reveal details such as borrowers' track records, said Mark Hillis, a former chief risk officer for commercial real estate at JPMorgan. There's also varying concentration risk: the largest banks with commercial real estate exposure are more diversified, meaning that any losses won't be as devastating, Baker said. "We think very few banks will run into issues just from their commercial real estate exposure," Reidy said.

Persons: Michael Barr, Jerome Powell, Todd Baker, Mark Hillis, Clifford Rossi, Robert H, Rossi, Baker, There's, Hillis, multifamily, haven't, You'll, Banks, you'll, Rebel Cole, NYCB, Matt Reidy, Reidy, Cole Organizations: Federal Reserve, Business, York Community Bank, SEC, Richman Center for Business, Law, Columbia University, JPMorgan, Smith, Smith School of Business, University of Maryland, Mortgage Banker's Association, Bank, Signature Bank, First, Countrywide Bank, Washington Mutual, Citigroup, multifamily, Florida Atlantic University, Federal, Regulators, TCRE, Equity RCRE, Community Bank, Provident Bank NJ, Merchants Bank of Indiana, Apple Bank for Savings, Oceanfirst Bank, Independent Bank, Lakeland Bank NJ, Ozk, Washington Federal Bank WA, Axos Bank, Sandy Spring Bank, Columbia Bank NJ, Farmers, Merchants Bank of CA, Popular Bank, Pacific Premier Bank, United Bank, Trust, Rockland Trust, Umpqua Bank, ServisFirst Bank, Bell Bank, Stellar Bank, National Bank of, National Bank of Florida FL, New York Community Bank Locations: multifamily, Basel, CRE, California, Rockland, National Bank of Florida

☆ SEC approves disclosure rule for climate-related risks. Here's what's next for companies and investors
▼ + stars: | 2024-03-06 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

The U.S. Securities and Exchange Commission on Wednesday voted to adopt new rules that will require most publicly traded companies to disclose climate-related risks in their registration statements and annual reports. The rule proposal was first made in March 2022, but the SEC extended the public comment period several times. He noted the SEC has continuously updated its disclosure requirements over the years, including those related to environmental risks. SEC staff members have noted that nearly 40% of publicly traded companies already disclose information about climate-related risk in their annual reports, but there is no common reporting framework. The final rules would require companies to disclose the following:

Persons: Gary Gensler, Hester Peirce Organizations: . Securities, Exchange, Financial, Capitol, Washington , D.C, U.S . Securities, Exchange Commission, SEC, Republican SEC Locations: Washington ,

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