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Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Cathie Wood is defending her underperforming ARK Innovation exchange traded fund following a rocky stretch. Since then, the fund has underperformed, fueling skepticism over the Ark Invest CEO's investment strategies. She called out the multiomics life sciences and health care sectors as the biggest drag on the fund. "We think we're a very good complement to the broad-based benchmarks out there, because we don't look anything like them," she said of her fund.
Persons: Cathie Wood, CNBC's, Wood Organizations: Ark Invest, CNBC, New York Stock Exchange, Innovation, Ark, Intellia Locations: New York City
Last week, Israeli soccer fans were attacked in the streets, Palestinian flags ripped off walls and antisemitic slurs yelled during riots. But the timeline of how tensions ignited in Amsterdam is different depending on which community you ask. “It’s really so, so manipulative… It only makes everything worse,” Jaïr Stranders, a local theater director and a board member of the Liberal Jewish Community of Amsterdam told CNN. But in Amsterdam, many local Jewish officials as well as the mayor have urged against using that description. “They are Dutch youth,” he noted, adding that Amsterdam is a city of many nationalities and many values that can peacefully coexist.
Persons: Amsterdam CNN —, “ It’s, it’s, It’s, Sheher Khan, ” Khan, , Itay Garmy, ” Garmy, Amsterdam Mayor Femke, they’re, David, Benjamin Netanyahu, Geert Wilders, Halsema, Mouneb, Khan, Wilders, Jaïr, Stranders, Netanyahu, ” Stranders, , Israel, Said Alawi, “ I’m, Abdelaziz Chandoudi, ” Chandoudi, Mohammed Rasool Organizations: Amsterdam CNN, CNN, Maccabi Tel Aviv soccer, Maccabi, Police, Amsterdam Mayor, Getty, Freedom Party, Union, Maccabi fans, Liberal Jewish, Amsterdam, Senior, Moroccan Locations: Amsterdam, Dutch, Gaza, Netherlands, Europe, Israel, Palestine, , Anadolu, Amsterdam’s, Morocco, Noord, Holland
Palantir jumps 11% to a record after announcing move to Nasdaq
  + stars: | 2024-11-15 | by ( Ari Levy | ) www.cnbc.com   time to read: +3 min
Alex Karp, CEO of Palantir Technologies speaks during the Digital X event on September 07, 2021 in Cologne, Germany. Palantir shares continued their torrid run on Friday, soaring 11% to a record, after the developer of software for the military announced plans to transfer its listing to the Nasdaq from the New York Stock Exchange. The shares are now up more than 45% since Palantir's better-than-expected earnings report last week and have almost quadrupled in value this year. Palantir said late Thursday that it expects to begin trading on the Nasdaq on Nov. 26, under its existing ticker symbol "PLTR." Thiel's Palantir holdings have increased in value by about $3 billion since the earnings report and $2 billion since the election.
Persons: Alex Karp, Palantir, Alexander Moore, 8VC, " Moore, Moore, didn't, Maven, Trump, Peter Thiel, Donald Trump's, Thiel Organizations: Palantir Technologies, Nasdaq, New York Stock Exchange, Maven, ., Department of Defense, Trump, P Global, Argus Research Locations: Cologne, Germany
West Palm Beach, Florida CNN —President-elect Donald Trump has named Steven Cheung as his White House communications director, promoting the campaign spokesman to one of the top communications roles in the White House. During Trump’s first term, Cheung served as director of strategic response. “I am thrilled to have them join my White House as we, Make America Great Again!”The position of White House communications director is separate from the role as White House press secretary, though people have served both roles simultaneously in the past. Both he and another White House communications director, Stephanie Grisham, have since broken from their former boss. Prior to working on Trump’s first campaign, Cheung was a spokesman for the Ultimate Fighting Championship.
Persons: Donald Trump, Steven Cheung, Cheung, Trump, Sergio Gor, Gor, “ Steven Cheung, ” Trump, , Anthony Scaramucci, Trump’s, Stephanie Grisham, Dana White Organizations: Palm Beach , Florida CNN —, White House, CNN, America, White, UFC, Republican National Convention, Arlington National Cemetery, Army Locations: Palm Beach , Florida, Arlington
Mike Tyson and Jake Paul will fight Friday in what will likely be Netflix's biggest-ever live event. The streamer has increasingly segued into live sports while building an ad business. Netflix now has 70 million ad-supported users — up from 40 million in May. AdvertisementMike Tyson and Jake Paul will enter the ring Friday in a long-anticipated boxing bout that could be a big test for Netflix's ambitions. Two years after launching, Netflix said it now has 70 million ad-supported users — up from 40 million in May.
Persons: Mike Tyson, Jake Paul, , Jennifer Halloran, Ampersand's Nicolle Pangis, Peter Naylor, Tyson, Paul Organizations: Netflix, Service, Boxing, influencers, Boston Red Sox, WWE, NFL, Business
7 US stocks set to rally from Trump tariffs
  + stars: | 2024-11-15 | by ( Christine Ji | ) www.businessinsider.com   time to read: +4 min
AdvertisementThere's been a lot of buzz about how president-elect Donald Trump's proposed tariffs could negatively impact some of the market's biggest names. However, for every company losing out from Trump's tariffs, there's another set to benefit from the red wave election outcome. Another big winner from tariffs and Trump policies in general is the financial sector. These businesses will experience minimal impact from tariffs while also benefitting from lower corporate taxes, which Gardner expects to go down under Trump. AdvertisementGarner and Rines shared some stocks they believe will benefit the most from Trump's proposed tariffs.
Persons: Trump's, , There's, Donald Trump's, David Bianco, Trump, Bianco, Banks, Clayton Gardner, Gardner, Samuel Rines, Rines, Biden, Garner Organizations: Service, Biden, Trump, Ford, Companies Locations: China, America, Kentucky, Tennessee
Squid Game, Stranger Things and Bridgerton were all Netflix originals — next up for the streaming giant is Mike Tyson versus Jake Paul in the ring. Purists will regard the card’s co-main event as the truer form of boxing — and the better quality fight. While there has yet been no official announcement, Tyson and Paul are expected to start their ring walks at approximately 11pm ET (4am UK). At Wednesday’s pre-fight news conference, Paul jokingly wore ear covers. When asked in August why he was getting back in the ring, Tyson responded: “I don’t know, that’s the funny question.
Persons: Mike Tyson, Jake Paul, Paul, Tyson, Eddie Hearn, Katie Taylor, Hearn, Amanda Serrano, Taylor, Ed Mulholland, Timothy A, Clary, Muhammad Ali, George Foreman, Evander Holyfield —, , Kevin McBride, Roy Jones Jr, , , “ We’ve, YouTuber Ali Eson Gib, Nate Robinson, Tommy Fury, Tyson Fury, Paul isn’t, Donald McRae, ” Tyson, Serrano … Taylor, Serrano, Sarah Stier, Chantelle Cameron, Stevie Morgan, it’s Organizations: IBF, WBC, WBO, Netflix, T, Dallas Cowboys, Texas Department, Getty, WBA, Las Vegas, Wednesday’s, YouTube, UFC, NBA, BBC, British, Guardian Locations: British, Arlington , Texas, U.S, Nevada, Madison, New York, Republic of Ireland, Puerto Rican
However, the post-election environment is hitting different this time around for many small business owners, such as Barrel-Art’s Michael Prieto, and leaving them wondering what comes next. For business owners who already were unsettled about the economy or its direction prior to the election, navigating the months and years ahead could be even more precarious, he added. Running leaner, hoping for cheaper moneyIn the months leading up to the election, Prieto was taking a wait-and-see approach. Michael Prieto, owner of Barrel-Art, in his shop in Newport News, VA, on November 13. Michael M. Santiago/Getty ImagesSmall business owners, by their nature, are optimistic, he said.
Persons: Michael Prieto, Donald Trump, John Arensmeyer, they’ve, ” Arensmeyer, , , Art’s Prieto, Prieto, America ”, “ It’s, he’d, We’ve, Arensmeyer, Michael M, I’ve, Clifton Broumand, Janna Rodriguez, Rodriguez, she’d, can’t, JD Opel, he’s, ” Opel, ” JD Opel, — Opel, “ I’ve, Trump, Jeff Wood’s, ” Wood, we’ve, it’s, Marc Marcuse, Marcuse Organizations: CNN, Small, Economic, Shipping, Port, Getty, Machine, Corp, Opel, Reel Management, Management’s, Republican, White Locations: America, Newport News, Newark, New Jersey, China, Maryland, Freeport , New York, Evansville , Indiana, Jeff Wood’s Coldwater, Florida , Georgia, Utah, Pennsylvania, Los Angeles, Florida
Kim Jong Un has ordered the mass production of attack drones, North Korean media reported. AdvertisementNorth Korean leader Kim Jong Un ordered the mass production of exploding drones on Thursday, according to North Korean state media. Kovalenko also said there were plans to send Russian drone instructors to Pyongyang, the North Korean capital, for further training of North Korean personnel. "North Korea may use these skills for future terrorist actions in the border areas with South Korea," he said. The partnership brings another advantage for North Korea: much-needed live combat experience and technical know-how.
Persons: Kim Jong Un, , Kim, Kim Jong, AP Kim, Putin, Gavriil, Andrii Kovalenko, Kovalenko, Joseph S, Bermudez Jr Organizations: Service, Business, KCNA, BMW, North Korean, Korean Central News Agency, Korea News Service, AP, Reuters, AFP, Ukraine's Center, North, Center for Strategic, International Studies Locations: Korean, Russia, North Korea, Ukraine, Iran, AFP North Korea, Kursk, Ukrainian, South Korea, Russian, Pyongyang, Korea
Inside Microsoft's struggles with Copilot
  + stars: | 2024-11-15 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +23 min
In September 2023, Microsoft's famously soft-spoken CEO, Satya Nadella, unveiled the company's flagship AI product, Copilot, with sweeping fanfare. Some of Microsoft's own employees and executives are privately concerned that Copilot won't be able to deliver on its ambitions. Copilot's struggles have created an opening for Microsoft's rivals, some of whom have seized on the opportunity to promote their own agendas. "Now, when Joe Blow logs into an account and kicks off Copilot, they can see everything," said one Microsoft employee familiar with customer complaints. As complaints and questions over Copilot mount, so does the pressure to justify Microsoft's unprecedented level of spending on AI.
Persons: Microsoft's, Satya Nadella, Gartner, Copilot, it'll, Copilot's, Marc Benioff, Benioff, Goldman Sachs, Marc Andreessen, Andreessen Horowitz, Ethan Miller, Jared Spataro, Spataro, , Joe Blow, Joe, Nadella, Gary Marcus, Marcus, Wile, Coyote, Brontë, Judson Althoff, Jason Zander, Zander, We've, OpenAI, Tasos Katopodis, Steve Jobs Organizations: Microsoft, Venture, Getty, Goldman, BI, Fortune, Excel, Lumen Technologies, Honeywell, Gartner, Wall Street, Initiative, Department of Homeland Security, Employees, San Francisco, Software, Apple, Jobs Locations: Microsoft's, Copilot, New York City
Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. Ulta slipped nearly 3% after Berkshire Hathaway revealed in a regulatory filing that it had sold around 97% of its shares, nearly dissolving its position in the beauty retailer. Berkshire had just bought the stock in the second quarter, making Ulta a relatively new bet. However, the company beat expectations on both lines in the fourth fiscal quarter and issued positive guidance for adjusted earnings per share.
Persons: Donald Trump, Robert F, Kennedy Jr, Eli Lilly, Warren Buffett, Berkshire Hathaway, Ulta, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Hakyung Kim, Lisa Han Organizations: Global pharma, Moderna, Pfizer, GSK, Novo Nordisk, Nasdaq, Securities and Exchange Commission, Super, New York Stock Exchange, Corp, Berkshire, Pool Corp, AST, Materials, LSEG Locations: China, Domino's, Berkshire
When asked how they racked up so much debt, the couple mentioned emergencies like a flood, a car accident and other unexpected costs. They could feasibly tap their savings and investments to wipe out their credit card debt almost immediately. Yet they also owe $40,000 in credit card debt, they told self-made millionaire and money expert Ramit Sethi on a recent episode of his "Money for Couples" podcast. Even high earners can find themselves under a mountain of credit card debt if they let their spending go unchecked. Then, they can institute a standard operating procedure with rules, such as putting cash windfalls toward their credit card debt or discussing purchases over a certain price.
Persons: Sethi, Megan, Ramit Sethi, Jason, You've, Jason wasn't, it's Organizations: Formula, CNBC
Increasing your physical activity levels could extend your life by several years, a new study has found. skynesher/E+/Getty ImagesMany studies have examined the connections between physical activity and longevity. The activity levels in that study were measured with accelerometers — wearable activity-tracking devices. Total activity levels in the lowest quartile were equivalent to walking for 49 minutes at roughly 3 miles (4.8 kilometers) per hour daily. Total activity levels in the second-, third- and fourth-highest quartiles were equivalent to 78, 105 and 160 minutes, respectively.
Persons: , , Lennert Veerman, Veerman, ” Veerman, Andrew Freeman, wasn’t, Freeman, hasn’t, Peter Katzmarzyk, Katzmarzyk wasn’t, ” Katzmarzyk Organizations: CNN’s, CNN, British, of Sports Medicine, School of Medicine, Dentistry, Griffith University, National Health, National Center for Health Statistics, Jewish Health, Louisiana State, Pennington Biomedical Research, World Health Organization Locations: USA, Australia, Denver, United States, Europe
Bitcoin is closing in on $100,000 for the first time, but could still double after that, according to BCA Research. That narrative gives Bitcoin its network effect: a positive feedback system in which the asset increases in value as more people use it. "Bitcoin, with a market value of $1.5 trillion, comprises less than 10 percent of the total market for non-confiscatable assets," he said. "As bitcoin's share of this market increases, and the supply of bitcoins reaches its upper limit, bitcoin's price has substantial upside." The price of bitcoin has soared 32% since Election Day in the U.S. last week.
Persons: Dhaval Joshi, Joshi Organizations: BCA Research, U.S, Metrics Locations: bitcoins, U.S
At 50, Jennie Young started using several dating apps and felt that they were all toxic. The Burned Haystack Dating Method began as an academic project and now has a Facebook group with over 128,000 members. In February 2023, she started a Facebook group for the Burned Haystack Dating Method. Articles from 2024 alone included: "It's Not You: Dating Apps are Getting Worse" in The New York Times; "America is Sick of Swiping: Dating Apps are Falling Back to Earth" in The Atlantic; and "Why Gen Z is Ditching Dating Apps" in Time. The project evolved into a new dating method that I named the Burned Haystack Dating Method.
Persons: Jennie Young, Young, , I'm, I've, swiped, swipes, it's, Albert Fox Cahn, Cahn, respresentive, Bumble Organizations: Service, University of Wisconsin, The New York Times, Facebook, Match Group, Match Locations: Green, The
BEIJING — China's retail sales rose more than expected in October, while industrial production and investment data missed forecasts as the real estate drag worsened. Industrial production rose by 5.3% in October from a year ago, missing expectations of 5.6% growth. Investment in real estate for the January to October period fell by 10.3% from a year ago, steeper than the 10.1% drop seen in the January to September period. While infrastructure and manufacturing investments picked up slightly in the year-to-date period as of October, versus that of September. The central bank has cut interest rates and extended existing real estate support.
Organizations: Retail, National Bureau of Statistics, Ministry of Finance Locations: Shanghai, BEIJING
Ina Garten, Martha Stewart, and Ree Drummond all have recipes for baked mac and cheese. Stewart's recipe uses four kinds of cheese and yellow onion, while Garten's calls for tomato. I thought The Pioneer Woman's recipe, which used roasted butternut squash, was the most flavorful. AdvertisementCelebrity chefs Ina Garten, Martha Stewart, and Ree Drummond all have their own recipes for baked mac and cheese, so I decided to put them to the test. Related Video All the differences between KFC in Italy and the USHere's how to make each celebrity-chef-approved baked mac-and-cheese recipe.
Persons: Ina Garten, Martha Stewart, Ree Drummond, , Drummond's Organizations: Service, KFC Locations: Italy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed may slow the pace of rate cuts next year, says Morgan Stanley Wealth's Ellen ZentnerEllen Zentner, chief economic strategist at Morgan Stanley Wealth Management, joins CNBC's 'Closing Bell Overtime' to discuss the pause in the post-election market rally, how the economy will respond to the incoming administration, and more.
Persons: Morgan Stanley, Ellen Zentner Ellen Zentner Organizations: Morgan Stanley Wealth Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRFK pick poses uncertainty in areas of healthcare sector, says Wolfe Research's Marcus TobinTobin Marcus, Wolfe Research policy and politics head, joins CNBC's 'Squawk Box' to discuss what Trump's pick for HHS secretary means for the healthcare sector and and drug approval process.
Persons: Wolfe Research's Marcus Tobin Tobin Marcus, Wolfe Organizations: RFK, Wolfe Research
Don't expect 'huge swings' on mortgage ratesElection uncertainty contributed to an upward swing in mortgage rates during October. But now that we have a president-elect, mortgage rates are expected to gradually come down over time, Lautz said. Experts say that mortgage rates might head into a "bumpy" or "volatile" path over the next year. "Our expectation is that rates are going to be in the 6% range as we move into 2025," she said. For example, if you bought your home around this time last year, when mortgage rates peaked at around 8%, you might benefit from a mortgage refinance, Lautz said.
Persons: Freddie Mac, it's, Jessica Lautz, Lautz, Jerome Powell, Robert Dietz, Jessica Lautz Jessica Lautz, Jeff Ostrowski, Jacob Channel Organizations: Getty, Federal Reserve, National Association of Realtors, Treasury, Trump, Federal, CNBC Locations: U.S
Spain nursing home fire kills 10
  + stars: | 2024-11-15 | by ( Kathy Rose Obrien | Story Associated Press | ) edition.cnn.com   time to read: +1 min
Madrid AP —At least 10 people died and others were injured in a blaze at a nursing home near Zaragoza, Spain, before firefighters managed to extinguish the flames, local authorities said Friday. The alarm was raised early Friday morning in Villafranca de Ebro, about 28 kilometers (18 miles) from the northeastern city. At least 10 people died in a blaze at a nursing home in Zaragoza, Spain, before firefighters managed to extinguish it, local authorities reported on Friday. Local media said 82 people had been living in the nursing home, which focused on treating people with dementia and mental health issues. Volga Ramírez, mayor of Villafranca de Ebro, told reporters outside the center on Friday morning that intense smoke from the blaze was likely responsible for the deaths.
Persons: ” Ramírez, , ” Jorge Azcón, Pedro Sánchez Organizations: Madrid AP —, Local, Spanish Locations: Madrid, Zaragoza, Spain, Villafranca de Ebro, Ramírez, Aragon, Villafranca, Ebro, Spanish, Valencia
AdvertisementPresident-elect Donald Trump has long questioned the reality of the climate crisis, describing it as a "scam" and accusing policies to tackle the crisis of destroying US jobs. AdvertisementChina, as part of its "Belt and Road" initiative to grow its global influence, has provided developing countries with renewable energy technologies, including wind farms. AdvertisementThe US lags China as a clean tech economic power. There are also doubts over how much China is willing to take an international leadership role on climate issues. Assuming a leadership role would likely require China to send money to other countries, said Crowther.
Persons: Donald Trump, , Herbert Crowther, we're, Lily McElwee, Xi Jinping, Trump, Daniel Araya, Biden, Joe Biden's, Crowther, Xi Organizations: Service, Eurasia Group, Business, Biden, China Studies, Center for Strategic, International Studies, Trump, Getty, Brookings Institute, International Energy Agency, Reuters Locations: Paris, China, New York, Baku, Azerbaijan, Washington ,, Beijing, United States, Gansu Province, Washington , DC, Brazil
(Translation: No one knows what the heck is going to happen with Donald Trump in the White House again. But more on that in a moment…)“This is a happy plot twist for Disney,” Paul Verna, vice president at research firm eMarketer, told me. Of course, the third act of the hero’s journey has its own pitfalls, which Disney still has to navigate. “We, in many respects, have already consolidated,” Iger said on Thursday’s earnings call. As in any good final act, the journey should, at the very least, be entertaining.
Persons: CNN Business ’, , Bob Iger, Donald Trump, ” Paul Verna, Iger, Deadpool, underwhelmed, Joe Biden, ” Iger, “ Trump, ” Verna, Trump, ” Trump, Kamala Harris, George Stephanopoulos, Iger —, Trump’s, Disney Organizations: CNN Business, New York CNN, Walt Disney Company, Disney, ABC, FX, ESPN, Marvel, Lucasfilm, Marvel Studios, Corporate America, Trump Locations: New York, America
Warning: This story contains descriptions of self-harm that some readers might find distressingCNN —Iranian activist Kianoosh Sanjari, who died by suicide this week in protest at political imprisonments by the regime, was buried Friday in the capital Tehran. “It is time to act… as Iranians, we should attend his burial with enthusiasm and respect, to honor this noble and tortured individual,” Ronaghi wrote on X. Abdollah Momeni, another Iranian activist, said that when he saw Sanjar’s post, he rushed to meet him, only to find “a white sheet thrown” over his body by Hafez Bridge. On Thursday, the state news agency ISNA reported that a judicial case had been opened by the prosecutor’s office in Tehran regarding Sanjari’s suicide. He was accused of “acting against state security” and “propaganda against the system,” according to the human rights organization.
Persons: Kianoosh Sanjari, Sanjari, , Ayatollah, Khamenei, ” Sanjari, Fatemeh, Nasreen, Toomaj, , Hafez, Kianoosh, ’ Hossein Ronaghi, , ” Ronaghi, Abdollah Momeni, ” Momeni, ISNA, IranWire Organizations: CNN, Islamic, Amnesty, Persian Service, of America, Service Locations: Tehran, Islamic Republic, Charsou, , Iranian, Tehran’s, Iran, Washington ,
Pete Hegseth, host of Fox & Friends, at the National Council of Young Israel Gala in New York City. Police in California investigated Fox News host Pete Hegseth — who was picked this week by President-elect Donald Trump to be the next Defense Department secretary — in connection with an alleged sexual assault at a hotel in 2017, officials said. Hegseth, 44, was not charged after the probe that year by the Monterey Police Department. The spokesperson said the full police report on the alleged incident is exempt from public disclosure. Hegseth's attorney, Timothy Parlatore told CNBC, "The police department confirmed last night that it was fully investigated and he was cleared."
Persons: Pete Hegseth, Pete Hegseth —, Donald Trump, Hegseth, Timothy Parlatore, Parlatore Organizations: Fox & Friends, National Council of Young Israel, New York City . Police, Fox News, Defense Department, Monterey Police Department, NBC News, Hyatt Regency Monterey, National Federation of Republican Women, CNBC Locations: New York City, California, Monterey, Hyatt Regency Monterey Hotel, Spa
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