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A crucial catalyst for shares of Club holding Wells Fargo may be around the corner, according to one Wall Street firm. Bank of America also raised its price target on Wells Fargo to $84 a share from $75, and reiterated its buy rating on the stock. Bottom line We've long called out the asset cap removal as a big catalyst for Wells Fargo — and it's been central to our overall investment thesis for the stock. That's because once these restrictions are lifted, Wells Fargo can finally grow its balance sheet past that nearly $2 trillion threshold again. Wells Fargo bank signage is seen on Broadway on April 12, 2024 in New York City.
Persons: Wells, Donald Trump, Morgan Stanley, Jim Cramer, Charlie Scharf's, Scharf, it's, Jim Cramer's, Jim, Michael M Organizations: Bank of America, Federal Reserve, Bank, Wells Fargo, Bloomberg News, CNBC, Broadway, Santiago, Getty Locations: Wells, Wells Fargo, Wells Fargo —, New York City
Celebrity chef Pati Jinich knows how to spot a good — and bad — Mexican restaurant. Cold salsa and premade guacamole are both bad signs, according to the Mexican chef. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChef Pati Jinich — known for programs like PBS' "La Frontera" and "Pati's Mexican Table" — has dined at countless Mexican (and Mexican-inspired) restaurants.
Persons: Pati Jinich, , she's Organizations: Service Locations: Mexican, Washington ,
The stock market could enjoy a bigger boost from President-elect Donald Trump than any previous administration thanks to his pro-business policies, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania. "President-elect Trump is the most pro-stock market president we have had in our history," Siegel said Monday on CNBC's "Squawk Box." "He measured his success in his first term by how well the stock market did. You know, it seems to me very unlikely he's going to implement policies that are going to be bad for the stock market." The market already reached new heights in reaction to Trump's election win as investors bet that his promises of tax cuts and deregulation will propel growth and benefit risk assets.
Persons: Donald Trump, Jeremy Siegel, Trump, Siegel Organizations: Wharton School, University of Pennsylvania, Dow
Washington CNN —Melania Trump is not expected to attend the traditional White House meeting with first lady Jill Biden, sources familiar with her plans said. The two are set to meet Wednesday at 11 a.m., according to the White House. There was discussion about encouraging Melania Trump to come to Washington for the meeting, as some members of the president-elect’s team felt it was important. Aside from 2020, it has been tradition for the current first lady to host the incoming first lady at the White House. In 2016, then-first lady Michelle Obama hosted Melania Trump for tea in the White House’s Yellow Oval Room and took her on a tour of the private residence.
Persons: Washington CNN — Melania Trump, Jill Biden, It’s, Melania, Donald Trump, Joe Biden, Melania Trump, Michelle Obama Organizations: Washington CNN, Melania Trump, White, CNN, East Wing Locations: Washington
President-elect Trump announced that Thomas Homan will serve as "border czar" in his administration. Homan served as acting head of Immigration and Customs Enforcement during Trump's first presidency. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident-elect Donald Trump announced Sunday that Thomas Homan would join his administration as a "border czar" overseeing the security of US borders on land, air, and sea. Related Video Musk visits border, calls for Trump-style wallRepresentatives for Homan, The Heritage Foundation, and the Trump transition team did not immediately respond to a request for comment.
Persons: Thomas Homan, Homan, Trump's, , Donald Trump, Barack Obama, Here's Organizations: Trump, Immigration, Service, The Heritage Foundation Locations: Homan
One ex-member of the branch said he thinks North Korea did send special forces, but not its best. AdvertisementAs questions arise over the quality of Kim Jong Un's troops in Russia, a former soldier who served in North Korea's special forces said they're likely the country's elite troops. North Korean leader Kim Jong Un attends a military demonstration in North Korea, in this picture released on March 16, 2024. During a September visit to a training base, Kim lauded the division's members as each being worth 100 typical North Korean soldiers. This image released by South Korea's spy agency the National Intelligence service shows North Korean leader Kim Jong-Un watches numerous shirtless North Korean troops in combat training, according to the agency.
Persons: , Kim Jong, they're, Lee Woong, gil, Kim Jong Un, REUTERS Lee, Lee, there's, Kim, James JB, Insider's Mia Jankowicz, South Korea Kovalenko Organizations: Storm Corps, Service, Korea Times, North, KCNA, REUTERS, The Korea Times, Associated Press, Wall Street, Ukraine's Center, National Intelligence, National Intelligence Service, South, Kremlin Locations: Russia, North Korea, North, South Korea, Seoul, Washington, Ukraine, Kursk, Korean, South
CNN —Although sales of tobacco products have been restricted in hundreds of municipalities across the US, a new study is highlighting some loopholes that allow children to bypass online regulations to buy e-cigarettes. Though the sales of flavored tobacco products have been restricted in eight states and in nearly 400 cities or counties, these regulations don’t completely cover e-commerce or online shopping. “People will not tell the truth when they enter their age, and it’s remarkably easy for kids to get tobacco products mailed to them. More than 1 in 4 underage people report using e-cigarettes daily, and most youth who use e-cigarettes favor flavored products. “Prohibiting tobacco sales completely, or states putting some more restrictions on how the products are delivered to people, can help make e-cigarettes harder to purchase,” he said.
Persons: , Thomas Carr, Carr, Dr, Sanjay Gupta, ” Carr Organizations: CNN, Tobacco Survey, Children, United States Postal Service, JAMA, USPS, American Lung Association, ” Tobacco, Food and Drug Administration, Tobacco Control, CNN Health, American Academy of Pediatrics, FDA
CNN —If Earth’s astronomical observatories were to pick up a signal from outer space, it would require an all-hands-on-deck effort to untangle and decipher the extraterrestrial message. The message, decoded by Ken Chaffin and daughter Keli, is not static but is in motion as the white dots are arranged into the five amino acids. The message is not static but is in motion and only displays the arrangement for about one-tenth of a second. The project’s designers confirmed that amino acids are the intended message, but they are leaving the interpretation open. The project team intentionally created a complex message, with some team members predicting it could take weeks or even years to be decoded.
Persons: Ken Chaffin, Keli, Ken Chaffin Ken Chaffin, Daniela de Paulis, Baruch Blumberg, Robert C, , , Chaffin, Keli Chaffin, de Paulis, Paulis, they’re, , ” Keli Chaffin Organizations: CNN, SETI Institute, European Space Agency, Green Bank, Allen, Byrd Green Bank Telescope, Medicina Locations: View , California, Astrobiology, West Virginia, Mars, Northern California, Bologna, Italy
Here are four red flags to look for when choosing a financial professional, plus one green flag that an advisor could be a good fit, according to certified financial planners and advisors from across the U.S.Red flag No. 1: The financial advisor does most of the talkingIf a potential financial planner is doing most of the talking without letting you get a word in edgewise, it's a bad sign. Financial advisors who are also registered as investment advisors will have a public disclosure record with the SEC as well. In addition, you will also want to make sure that your financial advisor is certified in the way they claim. 4: You don't trust themOne red flag can't be found on a list or spreadsheet: lack of trust.
Persons: Carla Adams, Adams, Sean Williams, they've, Marisa Rothstein, Rothstein, Ashton Lawrence Organizations: U.S ., Ametrine, Cadence Wealth Partners, Industry, Authority, SEC, Siena Private, Mariner Wealth Advisors Locations: U.S, Michigan, North Carolina, Avon , Connecticut, South Carolina
Mattel apologized for including an X-rated site link on "Wicked" doll packaging. AdvertisementToy maker Mattel has apologized for a printing error on the packaging of a line of "Wicked" dolls that listed an X-rated adult site. Related storiesWalmart confirmed it had paused the sale of the dolls as Mattel works to correct the misprint. A completed eBay listing for a Mattel "Wicked" doll with a URL misprint on the packaging. EbayAlthough the "Wicked" dolls are still visible on the Mattel website, the purchase links didn't yield available results on Monday morning.
Persons: Mattel, , Stanley, Mattel's Organizations: Service, Mattel Locations: Target, U.S
The risky mix of antidepressants and college life
  + stars: | 2024-11-11 | by ( Dr. Jill Grimes | ) edition.cnn.com   time to read: +10 min
CNN —Is it safe to drink alcohol while taking antidepressant medications? More than one-third of college students today suffer from moderate to severe anxiety and depressive symptoms, according to the 2023-204 Health Minds Study, and it’s good that many are getting help. About 1 in 5 college students, or 22%, report taking prescription antidepressants within the preceding year, the study found, and about 1 in 3 students, or 36%, has received professional counseling. Drinking alcohol, which ultimately depletes these chemicals, therefore creates more work to improve your mental health, which is the primary reason not to drink while taking antidepressants. No doctor, including me, is ever going to recommend drinking alcohol while taking antidepressants.
Persons: Jill Grimes, , ” Grimes Organizations: College Student Health, CNN, US Centers for Disease Control, US Food and Drug Administration
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat a second Trump presidency could mean for your financesPresident-elect Donald Trump promises big changes in taxes and tariffs that will impact the economy and your money. CNBC Senior Personal Finance Correspondent explains what a second Trump term could mean to your bottom line.
Persons: Trump, Donald Trump Organizations: CNBC, Trump
I do my research, set realistic goals, and choose hikes that are firmly within my son's abilities. I try to avoid a hike we can't reasonably complete. Amanda AdlerAlthough this may seem like a no-brainer, knowing what we're getting into is the key to our success. Now I take the time to fully research the hiking conditions, and I'll watch full POV YouTube videos to be sure I have the lay of the land before committing to a trek. I also plan for plenty of extra time — well beyond what's recommended for the hike — so my son can rest as needed without feeling rushed.
Persons: Amanda Adler, we're
Quick tip: New episodes of Yellowstone aren't currently on Paramount Plus or Peacock in the US. The short, possibly frustrating answer is that new episodes of Yellowstone aren't on Paramount Plus or Peacock in the US (but Paramount Plus does have the new episodes in Canada and the UK). The show airs on the Paramount Network, not CBS or Showtime, so Paramount Plus doesn't carry any episodes of Yellowstone. Additionally, Yellowstone is on Paramount Plus in the UK and Canada, which might be the source of some confusion, in addition to the name similarity between the Paramount Network cable channel and the Paramount Plus streaming service. For the most up-to-date and comprehensive information on viewing new episodes of Yellowstone, check our detailed guide on where to watch Yellowstone.
Persons: Yellowstone, you've, we've, . Peacock, you'll, Peacock, We'll, Taylor Sheridan's, Philo Organizations: Business, Paramount Plus, Paramount Network, Yellowstone, Paramount, DirecTV, CBS, Showtime, Tulsa King, Apple, Sling Locations: Montana, USA, Yellowstone, Canada, ., Kingstown, Tulsa
CNN —Israel’s far-right finance minister, Bezalel Smotrich, has ordered preparations for the annexation of settlements in the Israeli-occupied West Bank. President-elect Donald Trump’s victory in the US election “brings an important opportunity for the State of Israel,” Smotrich told the Knesset, or Israeli parliament. The “only way to remove” the “threat” of a Palestinian state, Smotrich added, “is to apply Israeli sovereignty over the entire settlements in Judea and Samaria,” the biblical term by which Israelis refer to the West Bank. Around half a million Israelis live in West Bank settlements. Smotrich, himself a settler, has long called for Israeli law to apply in the settlements, and previously opposed the creation of an independent Palestinian state.
Persons: CNN —, Bezalel Smotrich, Donald Trump’s, , ” Smotrich, Smotrich, Trump, Abraham, Trump’s Organizations: CNN, West Bank, Smotrich, State, Ministry of Defense, Civil Administration, Abraham Accords, Palestinian Authority, Minister’s Office Locations: , West Bank, Israel, Palestinian, Judea, Samaria, Jordan, Jerusalem, Syria
ET, bitcoin was trading 3.6% higher at $82,216, according to Coin Metrics. Stock Chart Icon Stock chart icon Bitcoin touches $80,000 on Sunday for the first time ever. "His pledge to go all in on crypto has sent Bitcoin to fresh heady heights," she said in a research note Monday. "He's made an about turn on supporting the industry and is now vowing to turn the U.S. into the crypto capital of the world. On the campaign trail, Trump made a slew of promises to the crypto industry, including making the U.S. the "crypto capital of the planet" and insisting that all bitcoin should be mined in the country.
Persons: Chukrut, cryptocurrencies, Donald Trump's, XRP, Memecoins, Shiba, Susannah Streeter, Hargreaves Lansdown, He's, clement, Trump, Gary Gensler — Organizations: Getty, Metrics, U.S, U.S . Securities, Exchange Locations: U.S
An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. SINGAPORE — Shares of Singapore Airlines dropped after the city-state's flag carrier reported a fall of almost 50% in net profit for its first half April to September period, citing lower yields and growing competition. Net profit in the first half of the fiscal year came in at 742 million Singapore dollars ($559.12 million), 48.5% lower than the SG$1.44 billion in the same period a year ago. Singapore Airlines said in a release that the fall in operating profit was due to "increased capacity and stronger competition in key markets," which led to a fall in yields and ultimately, profit. However, SIA will not "hold back on capacity growth just because there's competition in the market," Lee added.
Persons: Lee Lik Hsin, Goh Choon Phong, Lee Organizations: Airbus, Singapore Airlines, El, SINGAPORE —, Singapore, SIA Locations: Barcelona, Spain, SINGAPORE, Singapore
President-elect Donald Trump's pick to carry out his sweeping deportation plans may be able to operate with more power, and less oversight from Congress, than some of his own Cabinet members. Homan will instead be the Trump administration's "Border Czar," a title that could grant him significant influence over immigration and border policy without the formal authority — and guardrails — that come with being a Cabinet secretary. Homan will also "be in charge of all Deportation of Illegal Aliens back to their Country of Origin," Trump wrote in the post. "White House appointees are subject to less oversight than Cabinet and sub-Cabinet officials," said Katherine Hawkins, senior legal analyst for the Project on Government Oversight. "It is much harder for Congress to enforce subpoenas against White House officials, and they are more likely to cite executive privilege and refuse to testify and have that refusal upheld by courts," Hawkins said.
Persons: Donald Trump, Trump, Jeff Sessions, Kirstjen Nielsen, Thomas Homan, Donald Trump's, Tom Homan, Homan, " Homan, — Homan, Katherine Hawkins, Hawkins Organizations: White, Washington , D.C, Homeland, Customs, . Immigration, Department of Homeland Security, Trump, CNBC, Cabinet, Project, White House Locations: Washington ,
CNN —Genetic testing firm 23andMe said on Monday it is reducing about 40%, or 200 employees, from its workforce and discontinuing further development of all its therapies as part of a restructuring program. “We are taking these difficult but necessary actions as we restructure 23andMe and focus on the long-term success of our core consumer business and research partnerships,” said CEO Anne Wojcicki. The company said it is evaluating strategic alternatives, including licensing agreements and asset sales, for its therapies in development. In July, the CEO and co-founder proposed to acquire all outstanding shares of the firm not already owned by her or her affiliates for 40 cents each. After Monday’s restructuring plan, the company expects annualized cost savings of more than $35 million.
Persons: 23andMe, , Anne Wojcicki Organizations: CNN
Ukraine said Monday that Russia has been using decoy drones to try and overwhelm its air defenses. Ukraine said it examined a Russian decoy drone and found Western-made parts inside of it. AdvertisementThe Ukrainian military said on Monday that it found Western-made parts inside a Russian decoy drone that was used in an attack over the weekend. However, the decoy drone — which Ukraine calls "Parody" — can apparently mimic the radar signature of a Shahed in a bid to confuse Kyiv's air defenses with fake targets. AdvertisementA look inside a Russian decoy drone.
Persons: , HUR, Mihai Popșoi Organizations: Monday, Service, Defense Intelligence, Ministry of Defense, Ukraine, Telegram Russia, Getty Locations: Ukraine, Russia, Moldova, NATO, Europe, Iran, Tehran, Belarus, Moldovan
CNN —Dangerous wildfires are burning on the East and West coasts Monday, with firefighters in New York and New Jersey working to contain a deadly blaze spurred by an ongoing, historic drought – while strong winds in Southern California could fan a destructive fire in Ventura County. Nearly 600 wildfires have burned nearly 7,000 acres in New Jersey and New York since October 1, according to officials. Most of the fires were in New Jersey, where the state’s Forest Fire Service has responded to 537 wildfires. “We were fortunate that the fire started at 9 o’clock in the morning, with daylight,” said Jim Fryhoff, the sheriff of Ventura County. Agricultural officials assessing the impact on farmland planted with avocados, citrus, and berries have estimated the damage at $2.4 million, the Ventura County Star reported.
Persons: , Bill Donnelly, Daniel Vasquez, Jennings, Dariel Vasquez, Anthony DiCarlo, Vasquez “, , ” DiCarlo, Jeremy Oldroyd, Donnelly, ” Donnelly, Eric Adams, Adams, Dustin Gardner, he’s “, ” Gardner, Gardner, , Jim Fryhoff, Jamie Randall, ” Randall, Randall, Morin, Stan Jensen, Dawn DaMart, , ” DaMart, Korinne Bell, CNN’s Robert Shackelford, Eric Levenson Organizations: CNN, East, West, Flames, Cal Fire, York State Forest Ranger, New, New Jersey Forest Fire Service, Recreation, Ramapo High School, East Ramapo Titans, Rockland County’s, Fire Service, New Jersey Forest Fire, New York City, Homes, Ventura County Fire, Camarillo, KCBS, Ventura County Star, Star Locations: New York, New Jersey, Southern California, Ventura County, Ventura, Santa Barbara, York, Fire, Rockland County, , Jersey, , California, Camarillo , California, Camarillo
It reignites a debate about the feasibility of developing increasingly advanced models and AI scaling laws — the theoretical rules about how the models improve. It remains to be seen how smart an AI model can get when it has that much capital thrown at it. There could also be strategies to make AI models smarter by enhancing the inference portion of development. The model OpenAI released in September — called OpenAI o1 — focused more on inference improvements. Still, it's clear that, like Altman, much of the industry remains firm in its conviction that scaling laws are the driver of AI performance.
Persons: OpenAI's, It's, , Sam Altman, Fabrice Beaulieu, Altman, OpenAI, Andrew Caballero, Reynolds, Ion Stoica, Gary Marcus, Anthropic, Marcus, Claude, Ilya Sutskever, Dario Amodei, Kevin Scott, we're, Scott, they've Organizations: Service, OpenAI's, Orion, Business, Getty, Companies, New York University, Reuters, Sequoia, o1 Locations: GPT, Silicon Valley, AFP
Magnetospheres are the protective bubbles around planets like Earth that have magnetic cores and magnetic fields, and they are driven by the planet’s magnetic field. Voyager 2’s data showed that Uranus’ magnetosphere was home to unexpectedly powerful electron radiation belts. Voyager 2’s observations of Uranus’ magnetosphere defied the way astronomers understand how magnetic fields trap energetic particles and their radiation. The first panel (left) of this artist's concept depicts how Uranus' protective magnetosphere behaved prior to Voyager 2's flyby. Fortunately, sending a dedicated mission to study Uranus in the future has become a priority for NASA, according to a report released in 2022.
Persons: , Jamie Jasinski, ” Jasinski, It’s, Linda Spilker, Spilker, ” Spilker, James Webb Organizations: CNN, Jet Propulsion Laboratory, NASA, JPL, Caltech, Orbiter, Probe Locations: Pasadena , California
Gold extends decline; investors await U.S. data, Fed comments
  + stars: | 2024-11-11 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve officials this week for more clarity on the future direction of U.S. interest rates. Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve officials this week for more clarity on the future direction of U.S. interest rates. "We may expect the Fed to be more cautious in its easing process ahead, which could cap gold prices," Yeap said. Several Federal Reserve officials, including Chair Jerome Powell, are scheduled to speak this week. Additionally, U.S. consumer and producer price index data, weekly jobless claims and retail sales figures are due this week.
Persons: Yeap Jun Rong, Donald Trump's, Yeap, Bullion, Jerome Powell Organizations: Federal Reserve, Traders Locations: Beijing
CNN —Richard Allen has been found guilty of two counts of murder and two counts of felony murder in the highly publicized Delphi murder trial, according to CNN affiliate WTHR. Delphi law enforcement have long held they believe the “Bridge Guy” shown in the video is the main suspect in the case. Prosecutors drew attention to the .40-caliber unspent round found by the girls’ bodies, which a prosecution expert testified matched Allen’s pistol. The prosecution has also tried to match Allen with the video and audio recording of the “Bridge Guy” captured on Libby’s cellphone. “Richard Allen is ‘Bridge Guy,’” McLeland told jurors.
Persons: Richard Allen, Allen, Abigail “ Abby ” Williams, “ Libby ”, WTHR, Frances Gull, Nick McLeland, , , Abby, Libby, ” McLeland, Guy ”, McLeland, Guy, ” Allen, Brad Rozzi, you’ve, ” Rozzi, Abigail Williams, Tony Liggett, Allen “, Andrew Baldwin, Li Buszka, , Monica Wala, Wala, I’m, Deanna Dwenger, Odinism, White supremacists, Gull, Brian Harshman, Guy ’, , “ Richard Allen, ’ ” McLeland, Rozzi Organizations: CNN, WTHR, Prosecutors, Associated Press, , Liberty, WLFI, Indiana Department of Corrections Behavioral Health, WRTV, Indiana State Police Locations: Delphi , Indiana, Allen, Carroll, Delphi, Westville Correctional
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