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It predicted that some financial services professionals could see year-end bonus increases of as much as 35% over last year. AdvertisementThe financial professionals poised to rake in the most, meanwhile, are not the usual "rainmakers" of Wall Street, but rather a more behind-the-scenes group: the underwriters. Here's a look inside three slides that illustrate key findings from the Johnson Associates report. Debt underwriters stand to see the biggest bonus bumps this year — up to 35% over 2023, Johnson Associates founder Alan Johnson told BI. AdvertisementJohnson sees bonuses for asset management professionals increasing anywhere from 7% to 12% and bumps of 5% to 15% for hedge fund employees.
Persons: Johnson, , Goldman Sachs, Alan Johnson, it's Organizations: Service, Johnson Associates, Goldman, Blackstone, underwriters, Debt, Equity, Investment, Federal
CNN —President-elect Donald Trump has selected South Dakota Gov. Kristi Noem as his next secretary of the Department of Homeland Security, according to two people familiar with the selection. Noem will be tapped to take over the agency as two key immigration hardliners — Stephen Miller and Tom Homan — are slated to serve in senior roles, signaling Trump is serious about his promise to crack down on his immigration pledges. With his selection of Noem, Trump is ensuring a loyalist will head an agency he prioritizes and that is key to his domestic agenda. The department saw an immense amount of turmoil the last time Trump was in office.
Persons: Donald Trump, Kristi Noem, — Stephen Miller, Tom Homan —, Trump, Noem Organizations: CNN, South Dakota Gov, Department of Homeland Security, Trump, DHS, Customs, Border Protection, Customs Enforcement, Federal Emergency Management Agency, Service, The Guardian Locations: South Dakota
Jane Lu with her parents. Courtesy of Jane Lu. Quitting her corporate job in secretAs Lu realized that she loved running a business, she also began feeling very unhappy in her corporate role. Revealing the secretOver the span of the first two years building Showpo, Lu kept it a secret that she had quit her corporate finance job. "I remember us having half a million dollars sitting in stock, and I was like: 'Okay, worst case scenario, I can sell all of this and start another business,'" Lu said.
Persons: Jane Lu, Lu, Lu didn't, couldn't, Young —, Fat, Jane, I've, I'm, Showpo's, Boye, Showpo, they've Organizations: Showpo, CNBC, KPMG, Ernst Locations: Australia, China, Sydney
At Wisp, which offers two types of emergency contraception online, sales of those medications went up about 1,000% in just one day after Tuesday’s election. “We are seeing women actually stockpile emergency contraception pills,” Cepak said. “When you attack one piece of reproductive health care, it really has a ripple effect,” Friedrich-Karnik said. “People who need abortion care often also at some point need contraception, and people who need contraception might eventually need maternal health care,” she said. “People’s lives are fluid like that, and this care is fluid, and you can’t attack one piece of reproductive health care without really impacting the whole range of care that people need.”
Persons: Donald Trump, Trump, Monica Cepak, , ” Cepak, , Cynthia Plotch, it’s, ” Plotch, That’s what’s, It’s, ’ ”, Clayton Alfonso, ‘ I’ve, ’ ” Alfonso, Court’s Dobbs, Roe, Wade, Dr, Sanjay Gupta, Amy Friedrich, Karnik, ” Friedrich Organizations: CNN —, , Winx, Duke Health, American College of Obstetricians, Trump, Heritage Foundation, Republican, CNN, CNN Health, Guttmacher Institute Locations: United States, North Carolina
CNN —Authorities in Maryland are searching for a man facing several weapons charges after a colorful arsenal of firearms, including illegal “ghost guns,” was found in his home. A later search found multiple 3D-printed “ghost guns” without serial numbers, semi-automatic rifles, handguns and shotguns. The use of ghost guns is on the rise across the country with the Biden administration telling the Supreme Court that police departments have faced an “explosion of crimes involving ghost guns” in recent years. In 2017, police submitted about 1,600 ghost guns recovered at crime scenes for tracing. The Biden administration has tightened regulation on ghost guns as part of a series of actions related to gun safety.
Persons: , Adam Taylor, Taylor, Biden, Garland Organizations: CNN, Authorities, Police, Mary’s County Sheriff’s, Alcohol, Tobacco, Firearms, Explosives, Biden Locations: Maryland, Lexington Park, Washington, DC, St, Mary’s County
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
CNN —Four separate storm systems are churning their way through the West Pacific simultaneously, a rare occurrence resulting from warmer oceans that threatens to bring more misery to the storm-weary Philippines. Satellite images from the Joint Typhoon Warning Center show the four storms spanning the vast West Pacific basin, from Vietnam to Guam. They are Typhoon Yinxing, Typhoon Toraji, Tropical Storm Usagi and Tropical Storm Man-Yi. The fourth storm on the heels of Usagi is Tropical Storm Man-Yi, which is currently about 430 kilometers (265 miles) east of Rota, Guam. Man-Yi is expected to continue moving west, reaching typhoon strength Friday morning, and could potentially hit the northeastern Philippines by early next week.
Persons: It’s, Yinxing, Trami, Charism Sayat, Ferdinand Marcos Jr, we’re, ” Marcos, , Toraji, Yi, Usagi, Rey, Gaemi Organizations: CNN, West Pacific, Japan’s Meteorological Agency, Typhoon, Tropical, Getty, Typhoon Kong Locations: West, Vietnam, Guam, Philippines, Polangui, Albay, South, Manila, AFP, China, Hainan Province, Cagayan, Iloco Norte, Luzon’s Aurora Province, Luzon, Rota, Bato, Camarines Sur province South, Typhoon, Asia, Southeast Asia
CNN —The man accused of killing Georgia nursing student Laken Riley on Tuesday waived his right to a trial by jury and agreed to a bench trial – where a judge will decide his guilt or innocence. With the prosecution in agreement, Superior Court Judge H. Patrick Haggard approved 26-year-old Jose Antonio Ibarra’s waiver. Ibarra, through his translator, told the judge he understands he can’t go back and change this decision. Riley, a 22-year-old Augusta University College of Nursing student, was killed on February 22 while out for a run on the University of Georgia’s campus. Laken Riley, 22, was killed while on a jog at the University of Georgia's campus in February 2024.
Persons: Laken Riley, H, Patrick Haggard, Jose Antonio Ibarra’s, Ibarra, can’t, Riley, Judge Haggard, Kathleeen Magramo Organizations: CNN, Superior, Augusta University College of Nursing, University of Georgia’s, University of Georgia's Locations: Venezuela
The broader Vision Fund segment as a whole, which also factors in non-investment performance such as administrative expenses and gains and losses attributable to third-party investors, reported a gain of 373.1 billion yen. It had declared a loss of 204.3 billion yen in the company's first fiscal quarter. The Vision Fund has been cashing in on the success of the September 2023 listing of smartphone chip designer Arm Holdings , in which it owns a sweeping majority stake of around 90%. The group's print benefitted from investment gains of 1.28 trillion yen on shares of Chinese retail giant Alibaba and of 566.2 billion yen on stock of T-Mobile. On Tuesday, it said it had repurchased a cumulative 153.8 billion yen in shares by the end of the second quarter.
Persons: Toru Hanai, Didi, Son, Elliott Organizations: SoftBank Corp, SoftBank Group Corp, Bloomberg, Getty, Vision Fund, Arm Holdings, Nvidia, Yahoo, SoftBank, Mobile, Elliott Management, CNBC, Barclays Locations: Tokyo, Japan, Norwegian, Mobile . Tokyo, SoftBank
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs: Almost 90% of Chinese EV exports to Europe are foreign brandsTina Hou of Goldman Sachs discusses the impact of both U.S and Europe tariffs for Chinese electric vehicle OEMs and equipment supplier parts makers.
Persons: Goldman Sachs, Tina Hou Locations: Europe, U.S
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
Robin Williams was in more than 60 movies over the course of his career. He was nominated for three Oscars, winning for his best-reviewed film, "Good Will Hunting." AdvertisementAfter getting his start on the '70s sitcom "Mork and Mindy," Robin Williams left the show to become one of the biggest stars in comedy. Related Video 'Everything Everywhere All at Once' makes history at the OscarsWe've identified the 10 best and 10 worst movies that Williams has starred in, according to critics' scores on Rotten Tomatoes. See where your favorite Williams film lands.
Persons: Robin Williams, , Mork, Mindy, Doubtfire, Williams Organizations: Service, Rotten
CNN —Donald Trump is returning to the White House, and the stock market is loving it. ‘The regime change’For now, stock market investors don’t seem bothered by the jump in bond yields or these inflationary or debt concerns. “The stock market jumped for joy that the election results were definitive, thus averting a contested election. Of course, market veterans say they wouldn’t be surprised to see the stock market eventually display concern about tariffs and inflation under Trump. That could pose a number of problems for the economy and the stock market.
Persons: Donald Trump, Trump, shockwaves, , David Kotok, Stephanie Roth, Roth, ” Roth, Sau Loeb, Kamala Harris, Harris, Jeff Buchbinder, , Kotok, it’s, ” Kotok, They’re, Freddie Mac, , Ed Yardeni, Yardeni, It’s, , BTIG’s Isaac Boltansky Organizations: CNN, White, Dow Jones, stoke, Trump, Advisors, Wolfe Research, Treasury, US Treasury Department, Getty, Wall Street, LPL, Fed, Stock Locations: Big, Washington , DC, Washington
CNN —Saudi Arabia’s Crown Prince Mohammed bin Salman has accused Israel of carrying out “collective genocide” in Gaza, in some of his strongest criticism of the country since the war began last year. Saudi Arabia strongly opposes Iran-backed militias such as Hezbollah and Hamas. Riyadh and Tehran repaired ties last year after decades of animosity over regional influence. Those attending the high-level meeting included Palestinian President Mahmoud Abbas, Lebanese caretaker Prime Minister Najib Mikati, Jordan’s King Abdullah II and Egyptian President Abdel Fattah el-Sisi. The conference was hosted by Saudi Arabia in Riyadh on November 11.
Persons: Saudi Arabia’s Crown Prince Mohammed bin Salman, Israel, Ayatollah Ali Khamenei, Adolf Hitler, Benjamin Netanyahu, Mohammad Reza Aref, General Hassan Nasrallah, Ismail Haniyeh, Yahya Sinwar, Mahmoud Abbas, Najib Mikati, Jordan’s King Abdullah II, Abdel Fattah el, Recep Tayyip Erdogan of, Bashar al, Assad of Organizations: CNN, Saudi Arabia’s Crown, Islamic, MBS, Iranian, Israeli Locations: Gaza, Saudi Arabia, Riyadh, Israel, Iran, Tehran, Recep Tayyip Erdogan of Turkey, Assad of Syria, Syria,
CNN —White sand beaches, Atlantic Ocean views and a whole lot of skin — this is the 2025 Pirelli Calendar. For the latest edition, New York-based photographer Ethan James Green turns his lens on Hunter Schafer, John Boyega and Simone Ashley, along with model and illustrator Connie Fleming, artist Martine Gutierrez and model Jenny Shimizu, among others. Ethan James GreenModel and actor Hoyeon Jung struck a delicate pose in a flowing sheer outfit. Ethan James GreenIn the calendar, Green pulls double duty as a model, too, making it the third time a calendar photographer has appeared in the cast. Ethan James GreenCollaboration was key to the 2025 calendar, Green said.
Persons: , Naomi Campbell, Cindy Crawford, Kate Moss, Terence Donovan, Richard Avedon, Herb Ritts, Ethan James Green, Hunter Schafer, John Boyega, Simone Ashley, Connie Fleming, Martine Gutierrez, Jenny Shimizu, Hoyeon Jung, Robert Freeman, Jane Lumb, Sonny Drane, “ There’s, ” Green, Fleming, Gutierrez, Schafer, Green, , Vincent Cassel, “ You’d, “ I’ve Organizations: CNN, Cal, Ethan James Green Model, Vogue, Teen Vogue, Goodman, Virginia Beach Park, Pirelli Locations: New York, Miami, British, Majorca, Spain, American, Virginia Beach
In this courtroom sketch, former U.S. president Donald Trump appears by video conferencing before Judge Juan Merchan during a hearing before his trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, in Manhattan state court in New York City, May 23, 2023. A New York judge on Tuesday delayed by one week ruling on whether to toss guilty verdicts against President-elect Donald Trump in his criminal hush money case, or to move toward sentencing in late November. The postponement was announced two days after the Manhattan District Attorney's Office asked the judge for time to consider how Trump's electoral win affects the case. Manhattan Supreme Court Judge Juan Merchan, who was set to issue his ruling Tuesday, is now scheduled to determine if the case should be dismissed on Nov. 19. Trump is currently set to be sentenced Nov. 26 on 34 counts of falsifying business records related to a hush money payment made by his former lawyer Michael Cohen to porn star Stormy Daniels shortly before the 2016 presidential election.
Persons: Donald Trump, Juan Merchan, Stormy Daniels, Trump, Michael Cohen Organizations: Manhattan, Attorney's Locations: Manhattan, New York City, York
However, experts warn that what they call prolonged sitting on the toilet can harm your health. “When patients present to me with complaints, one of the main areas we have to delve deeply into is spending a lot of time on the toilet,” Xue said. The pelvic floor muscles are another type of muscle weakened from prolonged toilet sitting. “Make sitting on the toilet bowl as uninteresting as possible.”If you’re having trouble relieving yourself, Xue advised quitting after 10 minutes. Worsening constipation or a need to sit on the toilet for a long time may also be a sign of cancer.
Persons: CNN —, I’ve, Lai Xue, , ” Xue, Dr, Farah Monzur, Xue, Monzur, Lance Uradomo, ” Monzur, ” Uradomo, he’s, you’ve, Jocelyn Solis, Moreira Organizations: CNN, University of Texas Southwestern Medical Center, Stony Brook Medicine, City of, National Academy of Medicine, US Department of Agriculture, American Cancer Society Locations: Dallas, Stony, Long, , New York, City, City of Hope Orange County, Irvine , California, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Joe Manchin: I hope the new administration understands the depth of our indebtednessWest Virginia Senator Joe Manchin (I-W.Va.) joins 'Squawk Box' to discuss his retirement from Congress after 42 years in politics, President-elect Trump's election victory, bringing the country together, and more.
Persons: Email Sen, Joe Manchin, Trump's Organizations: Email Locations: West Virginia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInfineon seeing very pronounced inventory management on behalf of customers, CFO saysSven Schneider, chief financial officer at Infineon, discusses the outlook for the company's next fiscal quarter and year.
Persons: Sven Schneider Organizations: Infineon
The CEO of Neom, Nadhmi al-Nasr, has stepped down from the role after six years. Saudi Arabia's ambitious megacity scaled back targets earlier this year. AdvertisementThe CEO of Saudi Arabia's ambitious Neom project has abruptly stepped down after six years in the role. It's a key part of Saudi Arabia's Vision 2030 project that aims to diversify the kingdom's economy away from oil by launching new industries and attracting more tourists. Neom has also faced staffing challenges, with reports earlier this year that two executives were involved in a physical confrontation.
Persons: Nadhmi al, Nasr, Neom, , Nadhmi, Aiman, Malcolm Aw, Abdul Rahim al, Antoni Vives Organizations: Service, Saudi, Street Journal, Public Investment Fund, Journal, Neom Locations: Saudi, Saudi Arabia
Telegram CEO Pavel Durov is funding IVF treatments for women using his sperm. AltraVita IVF Clinic in Moscow confirmed the program, which it said is open to Russian women. AdvertisementPavel Durov, the billionaire CEO of Telegram, funded fertility treatment for women using his sperm to conceive. Related VideoAltraVita IVF Clinic in Moscow has been advertising the service since at least this summer. In a phone call with Business Insider, a clinic spokesman confirmed the free IVF program, which he said was only open to Russian women.
Persons: Pavel Durov, Durov, , AltraVita, Elon Musk, Musk, Justine Musk, Grimes, Shivon Zillis, Sam Altman, Altman, Peter Thiel, JD Vance Organizations: Service, Business, PayPal, University of Cambridge Locations: Moscow, France, Paris, Ukraine
Activist investor ValueAct has a $1 billion stake in Facebook parent Meta , according to people familiar with the matter. ValueAct has a long history of investing in technology companies, and is generally considered to be more constructivist and collaborative than other activist funds. Meta is the parent company of Facebook, Instagram and WhatsApp. It is one of the largest companies to be targeted by an activist investor, with a market cap of nearly $1.5 trillion. Morfit has also pushed for change at other, smaller technology companies, including Spotify.
Persons: Mark Zuckerberg, ValueAct, Mason Morfit, Nelson Peltz's Trian, Meta, Brad Gerstner's, Gerstner, Morfit, — CNBC's David Faber Organizations: Meta, Inc, Orion, Facebook, Disney, Nelson Peltz's Trian Partners, Microsoft, Spotify Locations: Menlo Park , California
Donald Trump's election victory last week is already having an effect on global supply chains. While many firms are waiting to see what Trump's trade policies will be, some are moving ahead. From medical supplies to consumer products, several companies are getting an early start to changing their supply chains. Several companies, however, aren't waiting to make changes to their supply chains. Fortune Brands, which owns a portfolio of home products brands like Moen plumbing fixtures and Yale locks, has been rethinking its supply chain since Trump's tariffs in 2017.
Persons: Donald Trump's, , Donald Trump, they've, Trump, TD Cowen, Oliver Chen, Matt Meeker, Michael Alkire, We've, Nick Fink, Clarus, Neil Fiske, Robert Scaringe, Schneider, Jim Filter Organizations: Service, Republican, Inc, Fortune Brands, Moen, Yale, Diamond Locations: China, Americas, Southeast Asia, Vietnam
In fact, some borrowers are still paying off debt from last year's purchases. To that point, 28% of shoppers who used credit cards have not paid off the presents they bought for their loved ones last year, according to a holiday spending report by NerdWallet. However, this is a slight improvement from 2023, when 31% of credit card users had still not paid off their balances from the year before. Although overall credit card balances were 6.9% higher at the end of the third quarter compared to a year earlier, that's a significant improvement from the 15% year-over-year jump from Q3 2022 to Q3 2023, TransUnion found. Recent wage gains have also played a role, according to Paul Siegfried, TransUnion's senior vice president and credit card business leader.
Persons: TransUnion, Michele Raneri, Paul Siegfried, TransUnion's Organizations: Finance, TransUnion
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis broadening out of the market has legs, says Edward Jones' Mona MahajanMona Mahajan, Edward Jones senior investment strategist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, how long the current bull market can last, and more.
Persons: Edward Jones, Mona Mahajan Mona Mahajan
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