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FBI Director Christopher Wray and Donald Trump's team are planning for the possibility that the president-elect will replace Wray during the new administration, three people familiar with the matter told NBC News. Wray, whom Trump appointed in 2017 to a 10-year term, enjoys leading the FBI and had intended to serve out his term, a source said. Wray could resign if he was told Trump wants him gone, as is widely expected. “I assume that’s the best apology that we’ll get from Director Wray, but it is fully accepted!” he wrote. Installing a new FBI director would require confirmation in the Senate, where Republicans will be in the majority starting in January.
Persons: Christopher Wray, Donald Trump's, Wray, Kash Patel, Trump, he's, , ” Wray, , we’ll, Susie Wiles, Tom Homan, Patel, He's, ” Patel, ” Trump, Gina Haspel, White, Steve Bannon, Joe Biden, it’s, we’re Organizations: NBC News, Trump, CIA, FBI, Justice Department, White, Senate, and National Security, National Intelligence, Defense Department
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
SoftBank reported a $7.7 billion quarterly profit on Tuesday after a loss last year. SoftBank Vision Fund's CFO told BI that "macro tailwinds" helped its public portfolio. AdvertisementGains for its Vision Fund 1, a $98.6 billion investment vehicle launched in 2016 with backing from Abu Dhabi and Saudi Arabia's sovereign wealth funds, totaled $3 billion in the second quarter. Despite the investment gain, Vision Fund 2 has lost an overall total of $21 billion since its inception. The results come as SoftBank gears up for a huge investment spree in AI to realize Son's ambitious vision.
Persons: SoftBank, , Masayoshi, Didi Chuxing, Navneet Govil, Ola, Govil, PayPay Organizations: Service, Funds, Vision, IPOs, Nvidia Locations: Abu Dhabi, Saudi, China, OpenAI, Mexico, India, ByteDance
BEIJING — China's Singles' Day shopping festival saw consumers spend more than expected in what has otherwise been a tepid retail environment, consulting executives told CNBC. "I do think for many brands it probably will have turned out a bit better than they thought, but on a low level. Probably nobody would say we hit it out of the ballpark," said Chris Reitermann, CEO of Ogilvy APAC and Greater China. Many multinational corporations that sell consumer products in China are more cautious on the market, if not struggling, Reitermann said. But he pointed out many of the companies are still "very profitable" in the country, even if their growth has slowed to the low single digits, instead of high double digits.
Persons: Major, Chris Reitermann, Ogilvy APAC, Reitermann, Alibaba, JD.com Organizations: BEIJING, CNBC, WPP China Locations: Greater China, China, GMV
But it shows how the stock market begins to get a little skittish whenever bond yields surge like this. We've seen that dynamic rear its head from time to time during the rise in bond yields that began in September. 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, It's, Elliott, ValueAct, Stanley Black, Decker, Trump, Donald Trump, CyberArk, Jim Cramer's, Jim Organizations: CNBC, ., Morning, Elliott Management, Honeywell, Meta, Management, Mizuho Securities, Club, Spotify, Occidental Petroleum, Skyworks, Jim Cramer's Charitable Locations: Meta, China
Archbishop of Canterbury Justin Welby resigned "in sorrow" on Tuesday, saying he had failed to ensure there was a proper investigation into allegations of abuse by a volunteer at Christian summer camps decades ago. "The last few days have renewed my long felt and profound sense of shame at the historic safeguarding failures of the Church of England," Welby said in a statement. "I hope this decision makes clear how seriously the Church of England understands the need for change and our profound commitment to creating a safer church. As I step down I do so in sorrow with all victims and survivors of abuse." The Anglican churches in African countries such as Uganda and Nigeria are likely to welcome Welby's resignation, after saying last year they no longer had confidence in him.
Persons: Canterbury Justin Welby, Welby Organizations: of, of England Locations: North America, Britain, Africa, Uganda, Nigeria
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
London CNN —Britain, birthplace of rail transport, will get its first ever luxury sleeper train touring England and Wales next summer. The 18 cabins, including three grand suites and 15 suites, will be of an exquisite opulence not before seen on Britain’s rails. The unique charm of train travel compared to other luxury transport options, however, is the sociability. The Cornwall itinerary, in England’s southwest tip, takes in the rugged coastline of Penzance and the charming villages surrounding Lostwithiel. The Lake District, regarded by many as England’s finest natural wonder, is filled with dramatic peaks and serene bodies of water.
Persons: Ottavia, Palomba, lounging, Simon Rogan, , Rogan, Richard Trevithick Organizations: CNN, London CNN, Wales, Albion Nord, Rail Locations: London, Britain, England, Cornwall, Lake District, Wales, Belmond, British, Victorian, Britain’s, South Wales, England’s, Penzance, Lake, Snowdonia, Pembrokeshire
While keeping buy ratings on both stocks, Nathanson raised his firm's price targets on Alphabet and Meta. In support of giving Alphabet the edge, he sees faster revenue growth from Meta but at a higher cost. For one, Meta has consistently delivered revenue and earnings ahead of consensus, rooted in stron advertising revenue from AI advancements. Bottom line Jim Cramer sees merit in MoffettNathanson's buy calls on Alphabet and Meta and believes it is just about "time to buy both" of these AI and advertising leaders. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: It's, Michael Nathanson —, Craig Moffett, , underperformance, Nathanson, Jim Cramer, Trump Donald Trump's, Jim Cramer's, Jim, Mark Zuckerberg, Sundar Pichai Organizations: MoffettNathanson Research, Facebook, Meta, Reality Labs, Labs, Google, Tech, Trump, CNBC, REUTERS Locations: Meta
President-elect Donald Trump said Tuesday that Elon Musk and former Republican presidential hopeful Vivek Ramaswamy will lead an efficiency group when his second term begins in January. Trump wrote in a post that the Department of Government Efficiency, or DOGE, will "become, potentially, 'The Manhattan Project' of our time." Trump didn't specify where cuts will take place or when the department may be formed. Musk, who also runs defense contractor SpaceX, has reportedly been stationed at Trump's Mar-a-Lago resort in Florida since election night. Ramaswamy, who challenged Trump in the Republican primary, is co-founder of investment firm Strive Asset Management.
Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Trump, hasn't, Musk, Ramaswamy, Pete Hegseth, John Ratcliffe Organizations: Department of Government, Trump, Republican, SpaceX, Fox News Locations: Trump's, Lago, Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRooney Vera: Industrials, defense, and banks will continue to riseKathryn Rooney Vera from Stonex discusses the market pullback after record highs, with concerns over the U.S. deficit and tax cuts.
Persons: Rooney Vera, Industrials, Kathryn Rooney Vera, Stonex
In Rob Sheffield's new book about Taylor Swift, he recounts a story about her meeting LeAnn Rimes. AdvertisementThroughout her career, Taylor Swift has credited many fellow musicians as vital influences, from Joni Mitchell and Stevie Nicks to Kenny Chesney and, of course, Tim McGraw. But perched quietly atop that star-studded list is LeAnn Rimes. LeAnn Rimes performs on August 6, 2016 in London, England. AdvertisementOr, as Sheffield puts it, "LeAnn Rimes created a goddamn monster."
Persons: Rob Sheffield's, Taylor Swift, LeAnn Rimes, Swift, Rimes, , Joni Mitchell, Stevie Nicks, Kenny Chesney, Tim McGraw, Rolling, Rob Sheffield, — Swift, Rimes superfan, Tim Ellis, Bill Mack, Taylor, Jo Hale, I've, hasn't, Sheffield, Kevin Mazur, Smokey Robinson, who've, Swift's Organizations: Service, NFL, New York Times, Sheffield, MySpace, Poets Department, Forbes Locations: Tennessee, West Reading , Pennsylvania, London, England, Mere, Vienna
President-elect Donald Trump's return to the White House has sent ripples through global financial markets, with many investors looking to recalibrate their portfolios for a dramatically different policy landscape ahead. Higher Treasury yields mean higher interest rates for corporate borrowers. Trump's tariffs Perhaps the biggest concern for investors globally is Trump's campaign promise of aggressive new tariffs , including the potential for a universal 10% tariff on all imports and a 60% tariff on Chinese goods. However, some Asian nations might benefit if higher tariffs on China prompt manufacturers to relocate. Europe Most analysts agree that U.S. trade tariffs are likely to hurt Europe, with some companies able to navigate the challenges better than others.
Persons: Donald Trump's, Russell, Mislav Matejka, David Seif, Goldman Sachs, Gareth Leather, Macquarie, Aditya Suresh, Mark Diethelm, Diethelm, Emmanuel Cau, — CNBC's Michael Bloom Organizations: White, Republican, Trump, U.S, Nasdaq, Treasury, Nomura, Federal Reserve, Asia Capital Economics, Capital Economics, U.S ., Union, Morningstar, Logitech, Barclays Locations: Congress, Treasurys, Trump's, U.S, United States, Korea, Taiwan, China, Vietnam, Asia, India, Europe
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRashaun Williams: Crypto fundamentals will 'outstripe' technicals as mainstream adoption occursRashaun Williams, venture capitalist and Atlanta Falcons limited partner, joins CNBC's 'Closing Bell' to discuss outlooks on crypto, sports investing, and more.
Persons: Rashaun Williams Organizations: Atlanta Falcons
Netflix's cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday more than 50% of its new sign-ups are for ad-supported plans in countries that offer the option. When Netflix launched its ad platform two years ago, the company said Nielsen would rate its content. Netflix offered its last update on its ad-supported tier in May, when it said it reached 40 million global monthly active users, nearly doubling the figure it had shared in January. Netflix also announced in May it would launch its own advertising platform, ending a partnership with Microsoft for that technology.
Persons: Nielsen, it's Organizations: Netflix, Wall, May, National Football League, FanDuel, Verizon, Media, Microsoft Locations: Madrid, Upfronts, Canada, U.S
In this article GM Follow your favorite stocks CREATE FREE ACCOUNT2026 Cadillac Vistiq EV GMDETROIT — General Motors ' newest all-electric vehicle is a three-row SUV for its Cadillac luxury line, which the brand is dubbing a "baby Escalade." The 2026 Cadillac Vistiq will be the last in a lineup of new EVs in the brand's portfolio when it goes into production and arrives in dealer showrooms beginning in 2025. 2026 Cadillac Vistiq EV GMBrad Franz, Cadillac director of marketing, described the new vehicle as being closer to a "baby Escalade" than a larger version of the Lyriq, which was the brand's first EV, in 2022. The Vistiq will be sold globally, including in the U.S. and Canada, with production starting in early 2025 at GM's Spring Hill Manufacturing plant in Tennessee. 2026 Cadillac Vistiq EV GM
Persons: Brad Franz Organizations: EV GM DETROIT —, Motors, EV Locations: U.S, Canada, Tennessee
The news Activist hedge fund Elliott Management on Tuesday disclosed a more-than-$5 billion stake in Honeywell —arguing the industrial conglomerate should consider a breakup. Elliott's position in Honeywell is its largest ever in a single stock, according to Bloomberg News, which first reported the activist's plans. The crux of Elliott's plan is a separation of Honeywell's aerospace and automation businesses into standalone companies. Honeywell's stock is up nearly 32% over the past five years compared with a 92% gain for the broader S & P 500 . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer isn't, Elliott, Honeywell —, Stacey Jones, Vimal Kapur, Jim, Honeywell, we've, We've, Jim Cramer's, Jim Cramer Organizations: Honeywell, Elliott Management, Bloomberg News, CNBC, Carrier, Wall, Robotics, Honeywell Intelligrated
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
Buffalo Bills (8-2)Last week: 4Sunday: Beat Indianapolis Colts 30-20QB confidence rating: 8Josh Allen has scored 58 non-passing touchdowns since being drafted in 2018. ETAdvertisementLast week: 7Sunday: Beat Jacksonville Jaguars 12-7QB confidence rating: 5Sunday was the game the Sam Darnold skeptics have been waiting for. Tampa Bay Buccaneers (4-6)Last week: 13Sunday: Lost to San Francisco 49ers 23-20QB confidence rating: 7Baker Mayfield leads the NFL with 24 touchdown passes. Miami Dolphins (3-6)Last week: 27Monday: Beat Los Angeles Rams 23-15QB confidence rating: 6By the numbers, Tua Tagovailoa is playing great. Jacksonville Jaguars (2-8)Last week: 30Sunday: Lost to Minnesota Vikings 12-7QB confidence rating: 4The good news from Sunday?
Persons: It’s, Russell Wilson, That’s, Patrick Mahomes, He’s, there’s, Jared Goff, Goff, can’t, Jake Bates, Lamar Jackson’s, Jackson, Jim Brown, Johnny Unitas, Brett Favre, Peyton Manning, Tom Brady, Aaron Rodgers, Rodgers, Josh Allen, he’s, Justin Fields, George Pickens, Jordan, Sam Darnold, Darnold, McCarthy, Jayden Daniels, Daniels, Lamar Jackson, Mike Tomlin, That’s Mr, We’ll, Justin Herbert’s, evaluator’s, Herbert, Jim Harbaugh, Kyler Murray, Murray, ike, ince, asser, ating, J ake M, eason, enver, roncos,, hird, amar, ike E, enver B roncos, assing, eno, lear, aron R odgers, odgers, ards,, rey, hart, esmond R idder, aints, m., m. E Organizations: of Famer, EPA, TruMedia, Beat Denver Broncos, Chiefs, Buffalo Bills, Beat Houston Texans, Texans, Jacksonville Jaguars, Lions, Beat Cincinnati Bengals, Lamar, NFL, Pittsburgh Steelers, Beat Indianapolis, That’s, Bills, Kansas City Chiefs, Beat Dallas Cowboys, Eagles, Cowboys, Washington, Steelers, Baltimore Ravens, Green, Chicago Bears, Beat Jacksonville Jaguars, Jacksonville, Tennessee Titans, Philadelphia Eagles, Beat Tennessee Titans, Chargers, Cincinnati Bengals, Beat New York Jets, Jets, ust, eads, ards, FC, aker, ams, ets Locations: Dallas, Pittsburgh, Carita, ards, alton
Germany is set to hold a federal election in February, earlier than Chancellor Olaf Scholz had originally proposed after his ruling coalition collapsed last week. The election is set to be held on February 23, according to sources within the parliamentary group of Scholz' social democratic party (SPD). It is a necessary step ahead of early elections in Germany as the chancellor must first call for the vote in parliament. Lindner was replaced by Jörg Kukies who was appointed as the new finance minister on November 7. Scholz' SPD and the Green party will form a minority government in Germany until the election in February.
Persons: Olaf Scholz, Joerg Kukies, Scholz, Christian Lindner, Chancellor Olaf Scholz, Lindner, Jörg Kukies Organizations: Bundestag, Authorities, Green Locations: Berlin, Germany
Such a scenario would entail higher inflation, higher rates, and falling stock prices, Roubini predicted. "That's going to crowd economic growth, and bond yields above 5% would imply a correction of stock prices and negative impacts on the economy." AdvertisementOther experts have warned some of Trump's policies could lead to higher inflation and interest rates, with his tariff plan attracting significant criticism from economists. Some of Trump's policies — like his plans to loosen regulation — could prop up business activity and fuel growth, Roubini noted. "I think markets are still in a wait-and-see to figure out whether the policies are going to be hurting the economy," Roubini said.
Persons: Nouriel Roubini, Roubini, , Donald Trump's, Doom, prognostications, Trump, Trump's, Taylor Rogers, hin, Stocks Organizations: Service, Bloomberg, stoke, Republican National Committee, Trump, Fed, Bank of America, Dow Jones Industrial Locations: China
Source: NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineThe stock market is riding high on Trump's election victory. The postelection stock rally, however, is likely to stay strong for now. It's hard to go wrong following the age-old rules for investing in the stock market: Be in it for the long term, diversify and look at fundamentals like earnings and valuation.
Persons: HSI, it's, Morgan Stanley, Lisa Shalett, John Stoltzfus, Shalett, CNBC's Brian Evans, Alex Harring Organizations: New York Stock Exchange, CNBC, Dow Jones, Apple, Microsoft, Nasdaq, Dow, Republicans, Morgan, Morgan Stanley Wealth Management's, Oppenheimer Asset Management
The US statement comes in sharp contrast to the findings of humanitarian aid organizations, who say that “the humanitarian situation in Gaza has deteriorated to its worst point since the war began in October 2023.” The situation in northern Gaza in particular has been described as “apocalyptic,” with areas at “imminent” risk of famine. Section 620I of the US Foreign Assistance Act requires the US to halt security assistance to governments who restrict US humanitarian aid. “We, at this time, have not made an assessment that the Israelis are in violation of US law,” State Department deputy spokesperson Vedant Patel said Tuesday. “Israeli forces repeatedly attacked humanitarian sites and frontline responders during the 30-day period,” the scorecard said. “There is no provision in US or international law that allows extra time to starve people,” said former top State Department official Stacy Gilbert.
Persons: Washington CNN —, Biden, Netanyahu, Antony Blinken, Defense Lloyd Austin, , ” Blinken, Vedant Patel, Patel, “ We’ve, , they’ve, Kate Phillips, you’re, ” Phillips, Barrasso, Stacy Gilbert, CNN’s Michael Conte, Mick Krever, MJ Lee, Kylie Atwood, Abeer Salman, Kareem Khadder, Irene Nasser Organizations: Washington CNN, Israel, State Department, Defense, Biden, US Foreign, ” State Department, CNN, Anera, CARE International, Mercy Corps, Norwegian Refugee Council, Oxfam, Refugees International, UNRWA, UN, The State Locations: Gaza, , U.S, Austin, Gaza’s Beit, Israel, America, United States
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt also undermines a core assumption about the future of generative AI: If you add more data and computing power, you get smarter and more powerful AI models. Top AI players have eye-popping valuations based on the promise that AI models will keep getting smarter and better with time. Getty Images; Chelsea Jia Feng/BISo what's holding AI models back from making another big jump? Anthony Scaramucci tells BI Trump's economic plans could cause a 1920s-style stock-market crash .
Persons: , OpenAI's, Fabrice Beaulieu, Justin Sullivan, That's, Insider's Hasan Chowdhury, Beatrice Nolan, Orion, OpenAI, Chelsea Jia Feng, Anthony Scaramucci, Trump, Viktor Kovalchuk, Michael M, Robert Perry, Rebecca Zisser, what's, Donald Trump —, Morgan Stanley, Carta, Jed Finn, Goldman Sachs, Jeremy Siegel, Trump's, Jeff Bottari, Donald Trump, Joe Rogan, elect's, Elon Musk, Tesla's, Musk, Timo Lenzen, Juan Merchan, Donald Trump's, Jack Teixeira, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Orion, Getty, Companies, New York Times, Wall, Getty Images, Elon, BI, Trump Locations: GPT, undergrad, Mexico, New York, Ukraine, Massachusetts, Chicago, London
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
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