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CNN —A group of people carrying Nazi flags demonstrated outside a community theater performance of “The Diary of Anne Frank” in Livingston County, Michigan, in a display of antisemitism. Several masked men showed up waving Nazi flags and reportedly shouted antisemitic and racist slurs outside the American Legion Post 141 in Howell on Saturday during the play, according to CNN affiliate WXYZ. “The Diary of Anne Frank” was published posthumously and has been translated into more than 70 languages in more than 60 nations, with several film and stage adaptations. Her diary is often a teen’s first introduction to the horrors of the Holocaust during World War II. In July, a statue of Anne in a local park was vandalized with the word “Gaza” scrawled in red paint.
Persons: Anne Frank ”, Bobby Brite, Brite, , , Hitler, White supremacists, Anne Organizations: CNN, American Legion, WXYZ, , ” Army, Community Theatre, ” CNN, Livingston County Sheriff’s Office, Detroit News, Hamas, ADL Locations: Livingston County , Michigan, Howell, America, Livingston County, Michigan, Detroit, Israel, Amsterdam, Bergen Belsen, Gaza, Israeli
Shopify's $2.16 billion revenue beat a FactSet estimate of $2.12 billion. Live Nation Entertainment — The live music and entertainment company gained 4% after posting a third-quarter earnings beat. On the other hand, revenue of $7.65 billion missed the $7.75 billion analysts had forecasted. Sea — Shares surged 1.7% after the tech company reported a third-quarter revenue beat. Mosaic — Shares slid 9% after the chemicals company reported disappointing quarterly results.
Persons: Twilio, Wells, Wells Fargo, Donald Trump's, SentinelOne, Tyson, StreetAccount, On's, FactSet, Mosaic, Clint Freeland, Luciano Siani Pires, Scott Strazik, Strazik, Donald Trump, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound, Pia Singh Organizations: Entertainment, Honeywell, Elliott Management, Aerospace, Automation, IAC, Trump Media & Technology, Deutsche Bank, Tencent, Shift4 Payments, GE, Financial Locations: , Swiss
Nearly 63% of the US population has fluoridated water flowing through their taps, according to the Centers for Disease Control and Prevention (CDC). Hawaii is the only US state without any fluoride in municipal taps; fluoridated water is only available there on military bases. As such, fluoridated water is now mandated on any military base with more than 3,300 people. Rumors have circulated that drinking fluoridated water can lead to bone cancer (osteosarcoma), but long-term studies from both the UK and US haven't found any credible evidence of higher rates in areas where people drink fluoridated water. Their review concluded that some studies of fluoride consumption have found links between higher fluoride water levels and lower IQs in kids.
Persons: Trump, he'll, , Robert F, Kennedy Jr, Donald Trump's, Biden, Kennedy, He's, Mark Ralston, Leonard Ortiz, Nina Simone, Michael Ochs, Matthias Balk, Anthony Kim, Frank Albert Charles Burke, Obama, Ashley Malin, Malin, Oliva Organizations: RFK Jr, Service, Centers for Disease Control, Prevention, Getty, MediaNews, Orange, NBC, Environmental Protection Agency, Michael Ochs Archives, US Public Health Service, Waimanalo Health Clinic, Honolulu Civil, Calgary, US Department of Defense, Fairfax Media, National Toxicology, University of Florida, Denver, EPA Locations: New York, California, Colorado, Zhijin county, China, AFP, Midwest, Colorado Springs , Colorado, Oakley , Idaho, Arkansas, Grand Rapids , Michigan, , New Mexico, Hawaii, Honolulu, Canada, Alberta, Australia, United States, India, Iran, Pakistan, Mexico, Grand Rapids
But its more serious problems – ongoing massive losses, quality and safety problems – are as bad as ever, and could even get worse. Renewed problems in ChinaAmong the most serious problems Boeing faces is President-elect Donald Trump’s promise to impose large tariffs on imports from China. “There needs to be a full accounting for everything they do.”Need for new planesAnd there’s yet more mess Boeing needs to sort out. Ortberg told investors last month that Boeing needs to reduce its portfolio and repair its balance sheet so that Boeing has “a path to the next commercial aircraft.”The good news for Boeing is it is in little danger of going out of business, despite its many problems. And Airbus has a backlog of orders stretching back years, as does Boeing, so airline customers can not easily switch orders from one to the other.
Persons: New York CNN —, It’ll, Kelly Ortberg, “ We’re, Donald Trump’s, Trump’s, , Richard Aboulafia, Max, , Ortberg Organizations: New, New York CNN, Boeing, Trump, Airbus, Federal Aviation Administration, Alaska Airlines, FAA, Alaska Locations: New York, China
Canadian Labor Minister Steven MacKinnon has invoked federal powers to end work stoppages at the ports of Vancouver, Prince Rupert and Montreal, ordering binding and final arbitration between labor unions and ports ownership. Strike actions by unions and ports ownership lockouts had hit both coasts of the key U.S. northern trade partner. "The lockouts of the Canadian ports were causing ships to divert and contributing to congestion and delays throughout North America. Under section 107 of the Canada Labor Code, the Labor Minister can order binding arbitration to end labor disputes. Existing collective agreements will remain in place pending a new deal being reached between dockworker unions and the ports.
Persons: Steven MacKinnon, Vancouver , Prince Rupert, Prince Rupert, Vancouver and Prince Rupert, Stephen Lamar, Lamar, MacKinnon, Mackinnon Organizations: Canadian Labor, Canadian, Retail Council, Canada, CNBC, Local, U.S . Department of Transportation, American Apparel & Footwear Association, U.S . West Coast, Canada Labor, Labor, Canadian Pacific Kansas City, Canadian National Railway Co, Canada Industrial Relations Locations: Vancouver, Montreal, U.S, United States, Canada, North America
My bank has lowered the APY on my high-yield savings account by almost half a percent recently. AdvertisementIt's never pleasant to receive an email from your bank informing you that the interest rate on your high-yield savings account is decreasing. From August until the end of October, the annual percentage yield (APY) on my high-yield savings account has fallen from 4.6% to 4.2%. After paying off my bills every month, I would put the remainder of my paycheck into my high-yield savings account and watch the number creep up. Is there anything I can do about the state of my savings account, or do I have to watch my yield erode away slowly?
Persons: I'm, , I've, Jerome Powell, Patti Black, it's, Jerome Powell's, Black, Daniel Milan, Milan, that's, Richard McHorter, There's, McHorter, Trump's, What's, Zer, Christine, cji Organizations: Service, Federal Reserve, Savant Wealth, Cornerstone Financial Services, SRM Private Wealth, Treasury Locations: Milan, California, New York City
Goldman Sachs is a leading investment bank for corporate dealmaking and trading, and its partners represent less than 1% of roughly 46,000 employees. On average, Goldman's newest partners have spent 16 years rising in the ranks, the bank said last week. "It's like a wedding and birthday wrapped up in one amazing moment that you keep reliving," one new partner said. Here's a glimpse inside the big day of nine of Wall Street's up-and-coming executives, including what they did to mark the occasion. Related storiesI happened to be stepping into a meeting with the Arthur Miller Foundation — an amazing nonprofit that supports theater teachers in schools across NYC and beyond — just as John called.
Persons: Goldman Sachs, David Solomon, , revel, John Waldron, Wall, Rob Barlick, Robert Barlick, Goldman Sachs David, It's, that's, Lyla Bibi, Bibi Goldman Sachs, Bracha Cohen, Marco Argenti, I've, Matt Doherty, Matt Doherty Goldman Sachs, David, Kristin Olsen, Marc Nachmann, Shane Lee, Vishaal Rana, Goldman Sachs David Solomon, Aaron Siegel, Aaron Siegel Goldman Sachs, Hayley, Arthur Miller, John, , Craig Smart, Craig Smart Goldman Sachs, Kristin, Marshall Smith, Sylvia Yeh, Sylvia Yeh Goldman Sachs, Reed Alexander Organizations: Partners, Service, Valley Bank, GS, Goldman Sachs Asset Management, Arthur Miller Foundation, Goldman Locations: Valley, Florida, America, New York, New York City, , Goldman Sachs
Boston AP —A federal judge on Tuesday sentenced a Massachusetts Air National Guard member to 15 years in prison after he pleaded guilty to leaking highly classified military documents about the war in Ukraine. Jack Teixeira pleaded guilty earlier this year to six counts of willful retention and transmission of national defense information under the Espionage Act following his arrest in the most consequential national security case in years. He was brought into court in an orange jumpsuit and showed no visible reaction as he was sentenced by US District Judge Indira Talwani. Prosecutors had originally requested a 17-year sentence for Teixeira, saying he “perpetrated one of the most significant and consequential violations of the Espionage Act in American history.”Defense attorneys had sought an 11-year sentence. The security breach raised alarm over the United States’ ability to protect its most closely guarded secrets and forced the Biden administration to scramble to try to contain the diplomatic and military fallout.
Persons: Jack Teixeira, Indira Talwani, Prosecutors, Teixeira, , Biden Organizations: Boston AP, Massachusetts Air National Guard, US, Locations: Ukraine, United States
CNN —Victor Wembanyama put his name alongside some legendary figures in NBA history after posting yet another monstrous stat-line during the San Antonio Spurs’ 116-96 victory over the Sacramento Kings on Monday. 1 overall pick in last year’s draft, meaning he has now played the equivalent of a full season. When asked about what he’s learned after playing a full season, Wembanyama highlighted the mental aspect of preparing for a busy schedule. One thing that has developed for Wembanyama as the season has gone on is his success from three-point range. I’m 20, I’m hoping for some years it’s going to keep feeling better and better.
Persons: CNN — Victor Wembanyama, Frenchman, Oscar Robertson, Kareem Abdul, Jabbar, Larry Bird, Blake Griffin, Sidney Wicks, he’s, Wembanyama, , “ I’m, ” Wembanyama, Scott Wachter, Chris Paul, Organizations: CNN, San Antonio Spurs, Sacramento Kings, Spurs, Kings, , Utah Jazz, Wembanyama, NBA, Reuters, Washington Wizards, Frost Bank Center Locations: Sacramento
Spotify shares pop on better-than-expected profit forecast
  + stars: | 2024-11-12 | by ( Cj Haddad | ) www.cnbc.com   time to read: +1 min
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023. Spotify shares rose in extended trading Tuesday after the Swedish music streaming company issued a profit forecast for the fourth quarter that topped estimates. Spotify said operating income in the fourth quarter will come in at 481 million euros, exceeding the average analyst estimate of 432.7 million euros, according to StreetAccount. The company said sales will reach 4.1 billion euros, below the average analyst estimate of 4.26 billion euros, according to LSEG. Spotify shares rose about 8% after the report to $452.35 after rising 2.2% in regular trading.
Persons: MAUs Organizations: New York Stock Exchange, Spotify, LSEG Revenue, LSEG, StreetAccount Locations: Swedish
CNBC's Jim Cramer examined Tuesday's market action, saying the rally fueled by the victory of President-elect Donald Trump took a breather as Wall Street weighs what broad tax cuts could mean for the bond market. Cramer called the day's moves a "sobering reaction to the potential unfunded tax cuts from the bond market," as both the 10-year and 2-year Treasury yields surged more than 4%. The bond market and the stock market usually have a negative correlation, with investors coming in and out of each depending on yields. Trump campaigned on the promise of tax cuts across a wide swath of sectors. Many on Wall Street expect these cuts will come in aggregate, but remain unsure of the specifics, Cramer noted.
Persons: CNBC's Jim Cramer, Donald Trump, Cramer, Trump, Elon Musk Organizations: Dow Jones, Nasdaq Locations: U.S
The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump's proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Markets trimmed their forecasts for rate cuts following Trump's election victory last week, with speculation growing around his tariff proposals and their implications for the world economy. It comes as concern is growing among global policymakers about the implications of Trump's fiscal plans, particularly on tariffs. "A trade war is the last thing we need," he continued. "If a trade war is to start, the European Union must not be unprepared as it was in 2018."
Persons: Donald Trump's, Loretta Mester, Mester, they're, Trump, It's, there's, , Olli Rehn, Rehn Organizations: U.S . Federal, UBS European Conference, Cleveland Federal Reserve, Reuters, Trump, Bank of Finland, European Central Bank policymaker, UBS, European Union Locations: London, U.S, Europe, European
The S & P 500 last week scored its best week since November 2023, hitting the 6,000 mark, while the 30-stock Dow Jones Industrial Average climbed above 44,000. Stocks seen as early beneficiaries, among them steelmakers and banks, are losing momentum, while others like Tesla are continuing to climb. Its shares are nearly flat week so far this week. Take a look at the lot: Tesla 's the most popular winner in the group, gaining roughly 21% since Nov. 6, boosted by CEO Elon Musk's close relationship with Trump. Other than Tesla, energy stocks Coterra Energy and Baker Hughes are also moving higher, the latter gaining more than 15% just this month.
Persons: Trump, Donald Trump, Stocks, Tesla, Morgan Stanley, Betsy Graseck, Elon Musk's, Edison Yu, JD Vance, Baker Hughes, Goldman, Citigroup — Organizations: weill, Dow Jones, CNBC Pro, Trump, Caterpillar, Steelmakers Steel Dynamics, JPMorgan, Citizens Financial, Prudential, Republican, Bank of America . Semiconductor, Micron Technology, Arista Networks, Deutsche Bank, Coterra Energy, Bank of America, Citigroup Locations: Wells Fargo
After 25+ cruises, I say the best cadence of busy port days to relaxing sea days is a ratio of 2:1. Ultimately, I think adding one or two sea days to the itinerary would've improved the experience and given me space to relax. AdvertisementPlus, multiple sea days in a row can provide beginner or first-time cruisers insight into whether they like them. This can be useful to anyone contemplating trans-Atlantic and trans-Pacific crossings that can have seven or more sea days in a row. For me, after going on more than 25 cruises — including a 105-day sailing — I've found the best cadence of busy port days to relaxing sea days is a ratio of 2:1.
Persons: , I've, Lauren Mack, I'm, I'd, isn't Organizations: Service, Norwegian Cruise Locations: Norwegian, Asia, Keelung, Taiwan, Philippines, Malaysia, Brunei
An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing's 737 factory in Renton, Washington, November 18, 2021. Boeing machinists approved a new contract last week that included 38% pay raises over four years and other improvements, ending a more than seven-week strike that halted output of most of Boeing's aircraft production. Boeing's 787 Dreamliner production continued during the strike because those planes are made in a nonunion factory in South Carolina. Despite the strike pause, Boeing continued to sell dozens of aircraft in October, with 63 gross orders, two shy of September's total. Forty of them are 737 Max 8s for the Avia Solutions Group.
Persons: Max, Kelly Ortberg Organizations: Boeing, Avia Solutions, LATAM Airlines Locations: Renton , Washington, Washington state, Oregon, South Carolina
That's how many iPhones the company has released each year since 2020, and in September, it released the iPhone 16, the iPhone 16 Plus, the iPhone 16 Pro and the iPhone 16 Pro Max. Apple introduced the four-phone lineup because historically the company's iPhone sales have seen the strongest growth when it expanded the lineup. The company doesn't give sales figures for its individual products, and overall iPhone sales for fiscal 2024 came in at $201.18 billion. Every year since 2020, one of the new iPhone models has lagged its siblings in sales. At $899 in the U.S., it's more expensive than the baseline iPhone 16 but cheaper than the iPhone 16 Pro and Pro Max, which have better screens.
Persons: Steve Jobs, Jobs, Max, Apple, Pro Max, it's, They're, DSCC, Ross Young Organizations: Apple, Jobs, Pro, Consumer Intelligence Research Partners Locations: U.S
Sean "Diddy" Combs has won a third chance to argue for bail in his federal sex-trafficking case. Combs has been held without bail in Brooklyn since his September arrest. AdvertisementLawyers for Sean "Diddy" Combs on Tuesday won a third chance to argue that he should be released from jail pending his May 5 trial date on federal sex-trafficking charges. US District Judge Arun Subramanian set 2 p.m. on November 22 for a bail hearing. Combs' side gets to reply to that response by Wednesday, November 20, two days before the hearing.
Persons: Sean, Diddy, Combs, He's, , Arun Subramanian, Subramanian, Andrew L, Carter , Jr Organizations: Service, Tuesday, Miami Locations: Brooklyn, Miami, New York
watch nowAfter two years of record drought conditions amid a challenging El Nino weather system which decimated vessel transits, the Panama Canal is experiencing a trade rebound. The U.S. is the largest user of the Panama Canal, with total U.S. commodity export and import containers representing about 73% of Panama Canal traffic, and 40% of all U.S. container traffic traveling through the Panama Canal every year. Despite competition from the Suez Canal, Vásquez predicts that the Panama Canal will recover to pre-drought volumes, with a focus on larger vessels and energy-related trade. The Panama Canal drought began in late 2022 and was described as the worst in the canal's history by January 2024. The Panama Canal Authority reported a 29% drop in vessel transits during fiscal year 2024.
Persons: Ricaurte Vásquez, Vásquez Organizations: Panama Canal Authority, CNBC, Panama Canal, Maersk, Port, International Longshoremen's Association Locations: Nino, Panama, U.S, Gatun, Suez, Port of Panama, Asia, Gulf Coasts
Dwayne Johnson's goal was once to be a bigger star than George Clooney and Will Smith. GQ reported Johnson fired agents who didn't agree with his ambition. AdvertisementDwayne Johnson said he used to hope he would be a bigger star than George Clooney or Will Smith. From 2012 to 2020, Johnson appeared on Forbes' highest-paid actor list, and above Smith and Clooney in 2016, 2019, and 2020. "You reach a point in life where on the other side of running, it's the stuff you love," Johnson said.
Persons: Dwayne Johnson's, George Clooney, Will Smith, Johnson, , Dwayne Johnson, Zach Baron, Clooney, Smith, Gabe Ginsberg, I'm Organizations: GQ, Service, IMDB Pro, Forbes Locations: Canada
President-elect Donald Trump on Tuesday won a stay of deadlines in his hush-money case. Trump was to learn Tuesday if the case is dismissed, and if not be sentenced next week. AdvertisementOne week from sentencing, President-elect Donald Trump has won at least a temporary stay in his criminal hush-money case. On Friday, the judge in the Washington, DC-based election-interference case similarly froze all deadlines until at least December 2 on agreement with the special counsel. AdvertisementIn the hush-money case, two pending deadlines are now at least temporarily wiped from the calendar.
Persons: Donald Trump, Trump, , Juan Merchan, Attorney Alvin Bragg, Jack Smith, Fani Willis, Fulton County , Georgia —, Smith, Merchan Organizations: Tuesday, Service, New, Prosecutors, Attorney Locations: Manhattan, Fulton County , Georgia, Washington, DC, Florida
People watch as a wildfire burns and spreads on a mountain in West Milford, New Jersey, United States on November 9, 2024. Firefighters on both coasts were battling wildland blazes Monday after thousands of acres burned in New Jersey amid a historic drought and after strong winds last week sent a blaze howling through Ventura County, California. Ventura County Fire Capt. Forecasters were expecting a cold front to push into the region, raising humidity levels but also causing some gusts Monday night. Nearly 2,500 miles away, in New York and New Jersey, several blazes were burning in rugged terrain parched by drought.
Persons: Tony McHale, McHale Organizations: Firefighters, CAL Locations: West Milford , New Jersey, United States, New Jersey, Ventura County , California, U.S, In California, Ventura County, Santa, New York
Matthew McConaughey knows that success can lead to making a lot of money, but the actor says that the two are not the same. But McConaughey said he's looking to make a "profit" in his life rather than in his bank account. They couldn't necessarily say what they were good at, just good dealmakers who made the right calls." McConaughey reportedly turned down a $15 million offer to star in a "Magnum, P.I." Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Matthew McConaughey, McConaughey, who've Organizations: Guardian, Dallas Buyer's, CNBC
On Election Day, Representative Barbara Lee, a California Democrat, joined some two dozen Black women outside a polling place in Prince George’s County, Md., to celebrate the rise of Vice President Kamala Harris. The ebullient group included Angela Alsobrooks, who later that day became one of two African American women elected to the U.S. Senate, which has never had more than one Black woman serving at a time. Dawn Moore, the first lady of Maryland, was there too, as was the mayor of Bladensburg, Takisha James, and members of the Town Council, all of whom are Black women. She had brought her grandson to witness history. Instead they left with “tears in our eyes,” she said.
Persons: Barbara Lee, Kamala Harris, Angela Alsobrooks, Dawn Moore, Takisha James, , Lee, Organizations: California Democrat, U.S . Senate, Town Council, Howard University Locations: California, Prince George’s County, Md, Maryland, Bladensburg
Companywide comparable sales declined 1.3%, much better than the 3.1% decline expected, according to FactSet. In the United States, comparable sales fell 1.2%, the smallest decline in nearly two years. 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's, Hurricanes Helene, Milton, Jim Cramer, Jim Organizations: Home, Hurricanes, Home Depot, Federal, CNBC Locations: United States
Bitcoin is trading near record levels, and Kalshi users are betting that the cryptocurrency could rise above $100,000 before the end of 2024. Kalshi data on Tuesday showed that 60% of users are betting that bitcoin could hit the $100,000 mark before January. The digital currency has rallied more than 28% since the U.S. presidential election last Tuesday. The prediction markets were volatile ahead of the election, but they were generally more bullish on Trump than traditional polling. However, odds and gambling platforms do not use methodologies used by traditional political polling, and therefore are not substitutes for political polls.
Persons: Donald Trump, Bitcoin Organizations: Commodity Futures Trading Commission, Trump, Metrics
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