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☆ General setup for risk assets is 'pretty positive', says Goldman Sachs' Peter Oppenheimer
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeneral setup for risk assets is 'pretty positive', says Goldman Sachs' Peter OppenheimerPeter Oppenheimer, Goldman Sachs chief global equity strategist, joins 'Money Movers' to discuss the expected economic environment, if it's harder to make recommendations on stocks outside the U.S. right now, and much more.

Persons: Goldman Sachs, Peter Oppenheimer Peter Oppenheimer Locations: U.S

Mortgage rates were forecast to go down in 2025. Expectations of higher inflation and more government debt under Trump have helped mortgage rates rise in recent weeks. Why mortgage rates rose ahead of the election — and are still high nowMortgage rates went down a lot in September, with 30-year rates dropping near 6%, according to Freddie Mac. How Trump's policies could lead to higher mortgage ratesZhao says that right now it's "nearly impossible" to predict where mortgage rates will go in 2025. More supply would help moderate home price growth, improving affordability even if mortgage rates remain high.

Persons: Donald Trump's, Trump's, —, Freddie Mac, they're, Chen Zhao, Melissa Cohn, Trump, Zhao, Kamala Harris, Cohn Organizations: Trump, Service, Bond, William, Mortgage, Analytics

☆ I take 'positioning' flights to save hundreds when I fly. This trick helps me get discounted business-class seats, too.
▼ + stars: | 2024-11-15 | by ( Jonathan Delise | ) www.businessinsider.com time to read: +4 min

AdvertisementI book "positioning" flights instead of direct ones to save money on flying when I can. Doing this has helped me find cheaper business-class flights, but it doesn't save me time. I've flown over 1.5 million miles, and one of my favorite ways to save money on airfare (and get into business class on a budget) is with "positioning" flights. Booking these flights can take quite a bit of researchPlaying with positioning flights isn't for the faint of heart. AdvertisementBut when positioning flights, you have to check how much it will cost to get to your intermediary airport.

Persons: I've, Mohammed Mohammed, there's, Nope —, I'm Organizations: Getty Locations: Egypt, Tunisia, Greece, Philippines, Xinhua, London, Jakarta, Paris, Tunis, Indonesia

☆ Processed food stocks fall as investors brace for increased scrutiny under Trump, RFK Jr.
▼ + stars: | 2024-11-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Processed food stocks tumbled on Friday as investors feared a crackdown under President-elect Donald Trump and ally Robert F. Kennedy Jr. Cheerios cereal and Betty Crocker cake mix maker General Mills fell more than 2%, as did Conagra Brands , the company behind Reddi-wip. Frozen potato supplier Lamb Weston , whose french fries are sold in chains including McDonald's and Chick-fil-A, dropped more than 6%. Traders are wary that Kennedy's "Make America Healthy Again" focus will result in increased scrutiny of companies behind some of the best-known snack, packaged food and soft-drink brands. The stock bucked the trend with an advance on Friday, but finished down more than 4% on the week.

Persons: Donald Trump, Robert F, Kennedy, Betty Crocker, Mills, Reddi, Campbell, Kraft Heinz, Oscar Mayer, Lamb Weston, it's, WK Kellogg Organizations: Soda titans PepsiCo, Coca, Brands, Trump, Health, Human Services Department, Food and Drug Administration, Centers for Disease Control, Capitol, Senate, National Institutes of Health, Traders, NBC, WK Kellogg Co Locations: Canada

☆ This 401(k) alternative has helped US workers save more than $1.7 billion so far
▼ + stars: | 2024-11-15 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

That is just one reason why policy experts see a retirement savings crisis on tap for so many Americans over the next several decades. This results in an increase in retirement income of $150 per month,” Gusto’s researchers wrote. Initial data also suggests that the introduction of auto IRAs might correlate with more employers offering their own plans. It’s not entirely clear why, since smaller businesses often cite cost and administrative burden as reasons why they don’t sponsor a retirement plan. And employer plans offer workers tax breaks and direct matching contributions, which can help them grow their nest eggs faster than they otherwise might.

Persons: John Scott, Roth, Scott, IRAs, ”, Pew, It’s Organizations: CNN, AARP —, AARP, Georgetown Center, Retirement, Pew, Savings, Employers, Project . Workers, Georgetown CRI, Auto Locations: California, Colorado , Connecticut, Delaware, Hawaii , Illinois, Maine , Maryland, Minnesota , Nevada , New Jersey , New York , Oregon, Rhode Island , Vermont, Virginia, Washington

☆ I was Twitter's head of content strategy. Bluesky has the edge over Threads to be the new Twitter as people leave X.
▼ + stars: | 2024-11-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

AdvertisementUsers and brands, like former CNN anchor Don Lemon and The Guardian, have been leaving X.Gordon MacMillan, ex-head of content strategy at Twitter, says Bluesky is most like the old Twitter. This as-told-to essay is based on a conversation with Gordon MacMillan, who was previously the head of content strategy at Twitter. Bluesky feels familiar to Twitter usersBluesky, I think, is the most like the old Twitter and feels more familiar than Threads, which doesn't have Twitter-style lists and can be hard to organize content on. They have tweaked Threads and made improvements, but Bluesky feels more familiar, even beyond the use of the color blue. It feels like BlueSky and Threads have a much better environment.

Persons: Don Lemon, Gordon MacMillan, Bluesky, Elon Musk, Donald Trump, Musk, X, it's, Jack Dorsey, BlueSky, Mark Zuckerberg Organizations: CNN, Guardian, Twitter, Facebook, Elon, Trump, Business Locations: Israel

☆ McDonald's wants to make flatulent cows less of a problem for the environment
▼ + stars: | 2024-11-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Burgers at McDonald's could soon involve fewer greenhouse gas emissions thanks to a new cattle feed. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. McDonald's is working with seed company Syngenta and Lopez Foods, one of McDonald's meat suppliers, to feed cattle Syngenta's Enogen corn, the companies said in a statement on Thursday. Related Video How McDonald's is using data and its loyalty program to make new promotions like the adult Happy MealThat easy digestibility could mean fewer greenhouse gases, which contribute to global warming. McDonald's global sales were down during the company's third quarter as many consumers saved money by eating at home.

Persons: chow, Syngenta, Lopez, Enogen, McDonald's, It's, McDonald's Kendra Levine Organizations: Service, Mac, Lopez Foods, Environmental Protection Agency, Sustainability, McDonald's Locations: McDonald's

☆ A tough week for stocks may soon force us to act. Here's where we would look to buy first
▼ + stars: | 2024-11-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Markets sink: Stocks are taking it on the chin Friday, capping off a week in which the S & P 500 fell about 2%. Bright spots : The two best-performing S & P 500 sectors this week are financials and energy. Health care was far and away the worst-performing group in the S & P 500. Next week: There's 11 companies in the S & P 500 reporting next week. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, There's, Donald Trump's, Jerome Powell, Trump, –, Morgan Stanley, Wells Fargo, Robert F, Kennedy Jr, Eli Lilly, we'll, Stanley Black, Decker, Jim Cramer's, Jim Organizations: CNBC, Traders, – BlackRock, Energy, Coterra Energy, Disney, Department of Health, Human Services, pharma, Nvidia, Walmart, Viking Holdings, TJX Companies, Palo Alto Networks, Target, Williams, Club, BJ's, Ross Stores, Baidu, PDD Holdings, GE Healthcare, Jim Cramer's Charitable Locations: Wells Fargo, Sonoma, Snowflake, Palo Alto

☆ My husband and I felt like we didn't save enough money to retire in the US. So we moved to Mexico and built our dream home.
▼ + stars: | 2024-11-15 | by ( ) www.businessinsider.com time to read: +6 min

My husband and I made reasonable salaries living in NYC but weren't happy about retirement. We moved to Mexico in 2020 into our dream house and now feel far more secure about retirement. We eventually settled on Mexico, a country that's long been a favorite of American retirees where an estimated 1.6 million already live. We moved to Mexico ahead of retirement so we could enjoy it moreWe moved to Mexico before retiring because we thought the transition to retirement in another country would be easier if we had already lived there. AdvertisementWe make less money in Mexico, but our cost of living is lowerOur combined income is less than it was when we were living in New York.

Persons: —, Fabian Martinezv, Marc Perrotta, We're, We'll Organizations: Service, Foreign, Security Locations: Mexico, Spain, Canada, California, Florida, Mérida, Yucatán, Bushwick , Brooklyn, United States, Mérida's, NYC, New York

☆ Asset manager says China's 'extreme valuations' look ideal for stock picking
▼ + stars: | 2024-11-15 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +1 min

That's the view of Caroline Cai, CEO of U.S.-based Pzena Investment Management. "This is really for the first time in the last seven, eight years where we think you're getting paid to expose yourself to China," Cai told "CNBC Squawk Box Asia" this week. The investment firm has ramped up its exposure to Chinese equities in the last two years. "It's not because we have a particularly positive view on longer term Chinese macro, we kind of think things are pretty challenging. "Our view is, if the risk is obvious to everyone, at least you're getting paid to take some exposure," she added.

Persons: Caroline Cai, Cai, we're, Adam Coons, CNBC's Organizations: Pzena Investment Management, CNBC, Winthrop Capital Management, People's Bank of China Locations: China

☆ I'm a Microsoft manager. AI reduced my time spent on coding by 70%, but that doesn't mean I work any less overall.
▼ + stars: | 2024-11-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

AdvertisementA 37-year-old manager at Microsoft says AI has changed his workflow. AI reduced his time spent on coding by 70%, and also cut time spent on reading and meetings, he says. Whatever time I'm getting back from leveraging AI, I'm using it for some other work. Once the developers start writing code for these projects and do the actual work, that's where we leverage AI. So that's why developers are using AI wherever they can to reduce their time, but they are using any time saved for other tasks or other features.

Persons: Santhosh Reddy, ChatGPT, Susanne Franz I've, I've, I'm, it's Organizations: Microsoft, Google Locations: OpenAI

CNN —President-elect Donald Trump’s transition team is bypassing traditional FBI background checks for at least some of his Cabinet picks while using private companies to conduct vetting of potential candidates for administration jobs, people close to the transition planning say. It also reflects Trump’s deep mistrust of the national security establishment, which he derides as the Deep State. If Gaetz does not participate in the vetting process, the FBI could still try to do a basic investigation at the request of the Senate. Instead, Trump’s transition team has been focused on conducting its own internal vetting of candidates for top administration jobs. So if Trump’s team continues to skirt the vetting process, those tapped for key roles wouldn’t be able to receive briefings until then.

Persons: Donald Trump’s, Trump, Matt Gaetz, Tulsi Gabbard, Dan Meyer, “, ”, Trump’s, Gaetz, Gabbard, Bashar al, Vladimir Putin’s, Biden, Jared Kushner, won’t, wouldn’t, Mike Waltz Organizations: CNN, Trump, FBI, Justice Department, NATO Locations: Washington, Washington ,, Florida, Syria, Russia, Assad, United States, Ukraine, Moscow

☆ Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle
▼ + stars: | 2024-11-15 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Details on the proposal are scant and some Democrats have called the overtime tax promise "as fake as his tan." "As part of our additional tax cuts, we will end all taxes on overtime," he said at a rally in Tucson, Arizona. Among these, 82.1 million were hourly workers and 15.6 million were salaried workers, the report said. Meanwhile, about 7% of hourly workers and 70% of salaried workers do not qualify for FLSA, the report said. For example, would it be designed as just an income tax or would it be a payroll tax exemption as well?

Persons: Donald Trump, Trump, Karoline Leavitt, Vance, There's, Russ Fulcher, Joseph Rosenberg, FLSA, John Ricco, Alex Muresianu, Muresianu, Rosenberg Organizations: Cobb Energy Performing Arts Centre, Republican, President, Trump, Fair Labor, Brookings Tax, Department of Labor, FLSA, Yale, Lab, Tax Foundation, Social Security Locations: Atlanta , Georgia, U.S, Tucson , Arizona, Idaho, Alabama, Wisconsin, DOL

☆ ADB discusses $120 billion cumulative climate finance target for 2030
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsian Development Bank's Kubo discusses the $120 billion cumulative climate finance target for 2030Toru Kubo, senior director for climate at Asian Development Bank, says "we've been doing everything we can" to mitigate and adapt solutions to the most vulnerable countries.

Persons: Bank's Kubo, Toru Kubo, we've Organizations: Asian Development Bank

☆ Here are the 4 posts Ben and Jerry's said its parent company ordered it not to publish
▼ + stars: | 2024-11-15 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Ben & Jerry's filed a lawsuit against its parent company, Unilever, on Thursday. It claims Unilever stopped it from making 4 public statements supporting Palestinians. Unilever rejected the claims, saying it would defend its case "very strongly." AdvertisementBen & Jerry's is taking legal action against its parent company, Unilever, saying it was prevented from speaking out in support of Palestinians. Ben & Jerry's said that in doing so, Unilever repeatedly prevented the company from fulfilling its social mission and breached a settlement agreement.

Persons: Jerry's, —, Benjamin Netanyahu, Ben, Bernie Sanders, Jerry, Sen, Sanders Organizations: Unilever, Service, US Southern District of, Business, Palestine, Israel, Senate Locations: US Southern District of New York, Gaza, Israel, Europe

☆ Oklo CEO Jacob DeWitte: Broad support for nuclear from the Trump administration
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOklo CEO Jacob DeWitte: Broad support for nuclear from the Trump administrationJacob DeWitte, Oklo co-founder and CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, DeWitte's expectations for support from the new administration, and much more.

Persons: Jacob DeWitte, Trump, Oklo

☆ I visited 2 of America's wealth hubs: Scottsdale and Jackson Hole. One was ideal for vacation, while the other seemed better for living.
▼ + stars: | 2024-11-15 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Wealthy Americans are buying homes in Scottsdale, Arizona, and Jackson Hole, Wyoming. These areas offer natural landscapes, luxury lifestyles, and lower taxes, attracting the rich. I thought Scottsdale felt more livable, and Jackson Hole was a better vacation spot. Scottsdale, Arizona, and Jackson Hole, Wyoming, are two of America's wealthy hot spots known for their natural landscapes, luxury lifestyles, and lower taxes. Meanwhile, the ultra-rich have been hiding out in Jackson Hole for decades.

Persons: Jackson, — Organizations: Service, ., USA, Henley & Partners Locations: Scottsdale , Arizona, , Wyoming, Scottsdale, American, . Scottsdale , Arizona, Jackson Hole

☆ DTEK CEO discusses what Trump's election win means for Ukraine
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDTEK CEO says he’s hoping for more investment in Ukraine's energy sector from the U.S.Maxim Timchenko, Ukrainian energy giant DTEK CEO and Ukraine's minister of environment, discusses what Donald Trump's election win means for the country.

Persons: he’s, Maxim Timchenko, Donald Trump's Locations: U.S

☆ From clothes to computers, 6 things expected to get more expensive if Trump's trade plans are enacted
▼ + stars: | 2024-11-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +10 min

If implemented, Americans could see prices rise across several product categories. AdvertisementBased on analyses from economists and trade experts, here are the goods that could become more expensive for Americans under Trump's tariff proposals. AdvertisementSome retailers have already announced preparations to increase prices should Trump's tariff plans go into effect. AdvertisementGold said it's unlikely Trump's tariffs would go into effect on day one or day two, and "it's tough to say right now at what point consumers would feel the impact." AdvertisementA report from centrist think tank ThirdWay said that Trump's tariff proposals analyzed eight common purchases that the US either heavily imports or is unable to produce domestically.

Persons: Donald Trump, Trump, —, Mary Lovely, Lovely, There's, Joe Biden, Jonathan Gold, it's, Karoline Leavitt, Tim Boyle, Gold, Philip Daniele, Daniele, Shinji Aoyama, Henrik Elm, Elm, Taylor Rogers Organizations: Trade, Service, Peterson Institute for International Economics, Trump, Consumers, National Retail Federation, Retailers, Bank of America, Columbia, Washington Post, Electronics, Consumer Technology Association, CTA, Honda, General Motors, Ford, Inter Ikea —, Ikea, Reuters, NPR, International Trade Commission, Republican National Committee Locations: China, Mexico, Europe

☆ Bob Iger is the most confident man in Corporate America
▼ + stars: | 2024-11-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

(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

☆ Jefferies says these cheap stocks can see sharp postelection gains
▼ + stars: | 2024-11-15 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Select cheap names could be poised to jump in a postelection market, according to Jefferies. Indeed, after the 2016 and 2020 election, names with the cheapest valuations eventually performed well, while momentum plays lagged, Jefferies equity strategist Steven DeSanctis noted. "The cheapest names have lagged in November, since June 30th, and really since the start of the year. Here are a few of the names Jefferies turned up. Jefferies' $26 price target on the stock suggests nearly 7% potential upside for Carnival shares from its latest close.

Persons: Jefferies, Donald Trump's, Steven DeSanctis, DeSanctis, William Oplinger, Josh Weinstein Organizations: Nasdaq, Dow Jones, Jefferies, Alcoa, CNBC, . United Airlines, United Airlines

☆ Get more active to extend your life expectancy, study suggests
▼ + stars: | 2024-11-15 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

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

☆ Piper Sandler sees 50% upside for this renewable energy play cashing in on the AI data center power trend
▼ + stars: | 2024-11-15 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Bloom Energy may be due for massive gains on the heels of its recent supply agreement with American Electric Power , according to Piper Sandler. Analyst Kashy Harrison upgraded the stock to overweight from neutral and raised his price target by $10 to $20. BE YTD mountain BE, year-to-date On Thursday, Bloom Energy announced that it reached an agreement with AEP to power artificial intelligence data centers and supply up to 1 gigawatt of its products. The company also said that AEP has ordered 100 megawatts of fuel cells, with more orders expected next year. "Given the endorsement of BE's technology from a large utility, agreements with other large players could materialize."

Persons: Piper Sandler, Kashy Harrison, it's, Harrison, Aman Joshi Organizations: Bloom Energy, American Electric Power, BE, AEP

☆ Companies brace for tariffs
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies brace for tariffsCNBC's Megan Cassella joins 'Squawk Box' to discuss how companies are bracing for the impact from Trump's potential tariffs.

Persons: Megan Cassella

Trump nominated Wray in 2017 after firing James Comey, but he began to sour on him before he left office in 2021. The 10-year term is designed to keep the FBI director position insulated from political whims. “Kash is frightening at the bureau,” one source familiar with internal deliberations about the role of FBI director. Trump also briefly considered installing Patel as deputy FBI director in the closing weeks of his first administration. The deputy FBI director job is a career position, and not a political appointee, and Attorney General William Barr helped talk Trump out of putting Patel at the bureau.

Persons: Donald Trump, Kash Patel, Christopher Wray, Patel, Matt Gaetz, Tulsi Gabbard, Trump, Mike Rogers, Mark Morgan, Jeff Jensen, Louis, Mike Flynn’s, he’s, –, John Ratcliffe, Wray, James Comey, “, Elect Trump, ”, Karoline Leavitt, Vance, Jensen, Rogers, Morgan, “ Kash, ” Patel, Steve Bannon’s, Devin Nunes, Nunes, Gina Haspel, – Patel, William Barr, Wray isn’t, CNN’s Kristen Holmes, Manu Raju Organizations: CNN, FBI, Republican, Customs, Trump, intel, DOD, CIA, House, National Security Council Locations: Mar, Lago, Trump’s, Russia

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