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☆ The top 10 family offices for startup investments
▼ + stars: | 2024-11-15 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

The top 10 family offices for startup investments made over 150 investments combined this year, in everything from biotech and energy to crypto and artificial intelligence, according to a new analysis. CNBC partnered with Fintrx, the private wealth intelligence platform, to analyze single family offices that made the largest number of investments in private startups in 2024. The most active family office so far this year is Maelstrom, the Hong Kong-based family office of American investor Arthur Hayes, who co-founded the crypto exchange BitMEX. For the sake of the list, family offices are defined as investment vehicles or holding companies of a single family or individual that don't manage money for outside investors. Nearly a third of startup capital in 2022 came from family offices, according to a PWC report.

Persons: Guillaume Houze, Pascal Le Segretain, Robert Frank, Bernard Arnault's, Laurene Powell Jobs, Peter Thiel's Thiel, Arthur Hayes, Guillaume Houzé, Motier, Andreesen Horowitz, Eric Schmidt, Magnus Carlsen, Fertility Organizations: Royal, Getty, CNBC, Fintrx, Ventures, Labs, Motier Ventures, Google, Flex, Mistral, Nvidia, Lightspeed, Atinum Investment, Emerson Collective . Thiel Capital Locations: Paris, France, Hong Kong, Lafayette, Seoul, Korea, Singapore

☆ From hours to seconds: A short demo on parallel computing shows why Nvidia is the world's most valuable company
▼ + stars: | 2024-11-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

Increased availability of advanced chips has made parallel computing more accessible. By and large, they were nerding out on the possibilities of parallel computing. That speed comes from the parallel computing that the GPU enables. AdvertisementThe concept has been around since the 1980s, but until relatively recently, the capability to actually perform parallel computing was hard to access. This immense volume of computations is what has driven so much demand for Nvidia GPUs.

Persons: —, Rick Ratzel, Pydata, Ratzel Organizations: Service, Nvidia, Python Locations: Manhattan

☆ Norwegian F-35s called into action after Russian aircraft spotted off Norway and over Baltic Sea
▼ + stars: | 2024-11-15 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

AdvertisementNATO scrambled jets to respond to Russian aircraft "not adhering to international norms" this week. Italy's air force intercepted a Russian Coot-A aircraft over the Baltic Sea, NATO Air Command said. Norwegian F-35s identified multiple Russian aircraft off the coast of Norway, it added. Norwegian F-35s were called into action on Tuesday as NATO scrambled jets in response to Russian aircraft "not adhering to international norms," NATO's Air Command said in a post on X.Italy's air force intercepted a Russian Coot-A plane flying over the Baltic Sea, while the Norwegian F-35s identified multiple Russian aircraft off the coast of Norway, NATO Air Command said. In July, Russian fighter jets scrambled to intercept two US Air Force B-52H bombers approaching Russia's border, the Russian Ministry of Defense said at the time.

Persons: Henrik Omtvedt Jenssen, Jenssen, Lockheed Martin Organizations: NATO, NATO Air Command, Command, Norwegian Armed Forces, NRK, Russian, Royal Air Force, British Ministry of Defence, BBC, Typhoons, US Air Force, Russian Ministry of Defense, Lockheed, Kongsberg Defence, Aerospace Locations: Russian, Baltic, Norwegian, Norway, Russia, State, Kongsberg

☆ Japanese Princess Yuriko, oldest member of imperial family, dies at 101
▼ + stars: | 2024-11-15 | by ( Associated Press | ) edition.cnn.com time to read: +2 min

Tokyo (AP) — Japanese Princess Yuriko, the wife of wartime Emperor Hirohito’s brother and the oldest member of the imperial family, has died after her health deteriorated recently, palace officials said. Yuriko died Friday at a Tokyo hospital, the Imperial Household Agency said. Imperial Household Agency/APThe 1947 Imperial House Law, which largely preserves conservative prewar family values, allows only males to take the throne and forces female royal family members who marry commoners to lose their royal status. She enjoyed exercise in the morning while watching a daily fitness program on television, the Imperial Household Agency says. Her overall condition deteriorated over the past week, the Imperial Household Agency said.

Persons: Yuriko, Emperor Hirohito’s, Prince Mikasa, Hirohito, Emperor Naruhito, Princess Yuriko, Prince Hisahito —, Emperor Naruhito — Organizations: Tokyo, Imperial Household Agency, Law Locations: Tokyo

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

☆ 'The Golden Bachelorette' stars Joan Vassos and Chock Chapple say learning 'how to argue nicely' is key to a successful marriage
▼ + stars: | 2024-11-15 | by ( Olivia Singh | ) www.businessinsider.com time to read: +6 min

Advertisement"The Golden Bachelorette" stars Joan Vassos and Chock Chapple spoke to Business Insider about their relationship. "The Golden Bachelorette" star Joan Vassos has been receiving non-stop texts since her engagement to Chock Chapple aired on ABC on Wednesday night. During the "Golden Bachelorette" finale, Chock professed his love for Joan and proposed to her in Bora Bora. Gilles Mingasson/DisneyAfter meeting Joan's family in the finale, Chock tells her that he loves her. AdvertisementJoan has considered having a public weddingChock proposing to Joan in the season one finale of "The Golden Bachelorette."

Persons: Joan Vassos, Chock Chapple, they've, Joan, haven't, Jerry Springer, Chock, Gilles Mingasson, Guy, John, Kathy, We've, it's Organizations: ABC, Nation, Disney Locations: Wichita , Kansas, Bora Bora, New York City, Kansas, Maryland, New York

☆ Treasury yields tick higher as investors digest Powell’s comments, await further data
▼ + stars: | 2024-11-15 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield rose by more than two basis points to 4.4453%. The yield on the 2-year Treasury rose by more than three basis points to 4.3307%. U.S. Treasury yields rose on Friday as investors digested Federal Reserve Chair Jerome Powell's latest comments, and awaited further economic data. The remarks come after the Fed cut interest rates by a quarter point last week. Investors will turn their attention to further economic data due to be published on Friday, including retail sales, industrial production, and import prices.

Persons: Jerome Powell's, Powell, Powell's Organizations: Treasury, U.S, Investors, Fed

☆ Wall Street looks for Nvidia to take the baton from election trades to keep rally alive in the week ahead
▼ + stars: | 2024-11-15 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

What exactly President-elect Donald Trump's second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The Dow Jones Industrial Average surged past 44,000 for the first time ever, and the S & P 500 and the Nasdaq Composite similarly posted new records. Sales of Blackwell and Grace Blackwell are expected to start to show up in results next year. The SPDR S & P Regional Banking ETF has surged 11% this month.

Persons: Donald Trump's, Jimmy Chang, Jensen Huang, CNBC's, Blackwell, Grace Blackwell, Harsh Kumar, Piper Sandler, Kumar, Jensen, Donald Trump, Robert F, Kennedy Jr, Novavax, Ken Mahoney, Trump, There's, Mahoney, Rockefeller's Chang, Chris Rupkey, Jerome Powell Organizations: Dow Jones, Nasdaq, Rockefeller Global Family, Treasury, Nvidia, Blackwell, Health, Human Services Department, Moderna, Asset Management, Regional Banking ETF, Federal, White, FWDBONDS, Housing, Walmart, Lowe's, Palo Alto Networks, Philadelphia Fed, . Kansas City Fed Manufacturing, Ross Stores, Intuit, Deere, PMI, PMI Manufacturing, PMI Services Locations: China, U.S, NAHB, . Kansas, Michigan

☆ ‘Just pure uncertainty.’ Small businesses are hopeful and fearful ahead of Trump’s second term
▼ + stars: | 2024-11-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

However, the post-election environment is hitting different this time around for many small business owners, such as Barrel-Art’s Michael Prieto, and leaving them wondering what comes next. For business owners who already were unsettled about the economy or its direction prior to the election, navigating the months and years ahead could be even more precarious, he added. Running leaner, hoping for cheaper moneyIn the months leading up to the election, Prieto was taking a wait-and-see approach. Michael Prieto, owner of Barrel-Art, in his shop in Newport News, VA, on November 13. Michael M. Santiago/Getty ImagesSmall business owners, by their nature, are optimistic, he said.

Persons: Michael Prieto, Donald Trump, John Arensmeyer, they’ve, ” Arensmeyer, “, ”, Art’s Prieto, Prieto, America ”, “ It’s, he’d, We’ve, Arensmeyer, Michael M, I’ve, Clifton Broumand, Janna Rodriguez, Rodriguez, she’d, can’t, JD Opel, he’s, ” Opel, ” JD Opel, — Opel, “ I’ve, Trump, Jeff Wood’s, ” Wood, we’ve, it’s, Marc Marcuse, Marcuse Organizations: CNN, Small, Economic, Shipping, Port, Getty, Machine, Corp, Opel, Reel Management, Management’s, Republican, White Locations: America, Newport News, Newark, New Jersey, China, Maryland, Freeport , New York, Evansville , Indiana, Jeff Wood’s Coldwater, Florida , Georgia, Utah, Pennsylvania, Los Angeles, Florida

☆ I started using dating apps in my 50s and quickly grew frustrated. Coming up with the 'burned haystack' dating method helped.
▼ + stars: | 2024-11-15 | by ( Jennie Young | ) www.businessinsider.com time to read: +8 min

At 50, Jennie Young started using several dating apps and felt that they were all toxic. The Burned Haystack Dating Method began as an academic project and now has a Facebook group with over 128,000 members. In February 2023, she started a Facebook group for the Burned Haystack Dating Method. Articles from 2024 alone included: "It's Not You: Dating Apps are Getting Worse" in The New York Times; "America is Sick of Swiping: Dating Apps are Falling Back to Earth" in The Atlantic; and "Why Gen Z is Ditching Dating Apps" in Time. The project evolved into a new dating method that I named the Burned Haystack Dating Method.

Persons: Jennie Young, Young, —, I'm, I've, swiped, swipes, it's, Albert Fox Cahn, Cahn, respresentive, Bumble Organizations: Service, University of Wisconsin, The New York Times, Facebook, Match Group, Match Locations: Green, The

☆ Germany's Scholz urges Putin in phone call to open talks with Ukraine
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +2 min

German Chancellor Olaf Scholz (SPD, r) and Russian President Vladimir Putin look up after several hours of one-on-one talks at a joint press conference. Scholz met the Russian president for talks on the situation on the Ukrainian-Russian border. German Chancellor Olaf Scholz urged Russian President Vladimir Putin in a rare phone call on Friday to begin talks with Ukraine that would open the way for a "just and lasting peace." In a one-hour phone conversation, their first in almost two years, Scholz also demanded the withdrawal of Russian troops from Ukraine and reaffirmed Germany's continued support for Ukraine, a German government spokesman said. "He stressed Germany's unbroken determination to back Ukraine in its defence against Russian aggression for as long as necessary," the spokesperson added.

Persons: Olaf Scholz, Vladimir Putin, Scholz, Germany's, Volodymyr Zelenskiy, Putin, Donald Trump's, Trump Organizations: Ukraine, U.S, Social Democrats Locations: Russian, Ukraine, Russia, Germany, United States

☆ Tesla's Chinese EV competitors are racing to build their own Optimus rivals
▼ + stars: | 2024-11-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Tesla's Chinese rivals are building their own humanoid robots to rival Tesla. EV startup Xpeng unveiled its Iron humanoid robot at its AI day event this month. The company said Iron was already deployed in its factories, joining BYD and Nio in using humanoid robots to build cars. AdvertisementTesla is facing fierce competition in China from local EV makers — and now they're building their own versions of Elon Musk's Optimus robot. AdvertisementThe scramble to incorporate humanoid robots comes as Elon Musk touts Tesla's Optimus robot.

Persons: Iron, —, Tesla, Elon, Xpeng, Ubtech, Walker, BYD, Elon Musk, Tesla's Organizations: Service, —, Aircraft, Dongfeng Motors, EV, Elon Locations: BYD, China, Tesla

☆ I got sober thanks to a monthly shot of a drug that helps stop my craving for alcohol. I lost 70 pounds in the process.
▼ + stars: | 2024-11-15 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

He wasn't present for his son as he grew up since he could only think about his next drink. The granddad finally got sober at 50 by getting monthly shots of a drug that manages his cravings. I wasn't present for my son, Joel, when he was growing up. AdvertisementIn high school, I'd drink at parties and friends' houses. I told Suzanna to get rid of my distilling equipment in the basement.

Persons: Jeff Horton, Joel, let's, I'd, I've, Suzanna, We'd, It's, Harley, Nora, —, I'm Organizations: Sinai Wellness, XXL, Business Locations: Tucker , Georgia, We'd, Florida, Jamaica, Dahlonega , Georgia

☆ How we're thinking about Eli Lilly after Trump picked obesity-drug critic RFK Jr. to run HHS
▼ + stars: | 2024-11-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Shares of obesity drugmaker Eli Lilly fell more than 4% on Friday, extending a roughly 3% slide in Thursday's session. Ozempic is the posterchild of the fast-growing GLP-1 class, in which Novo Nordisk and Eli Lilly are currently the two dominant players. Bottom line Eli Lilly has been our favorite drug stock for years thanks to its stellar pipeline led by GLP-1s. But, at this point, Kennedy's nomination requires us to be more cautious on Eli Lilly in the near term. Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.

Persons: Eli Lilly, Donald Trump, Robert F, Kennedy Jr, Kentucky Sen, Rand Paul, Kennedy, Trump, Eli Lilly's, John F, Kennedy —, LLY, Eli Lilly's GLP, Jim Cramer, David Ricks, Lilly, It's, Jim, it's, Jim Cramer's, Cristina Arias Organizations: Republican, Department of Health, Human Services, HHS, and Drug Administration, Centers for Disease Control, Medicare, Medicaid, Senate, Democratic, GOP, Media, Novo Nordisk, Moderna, Pfizer, Deutsche Bank, GSK, White, CDC, Street Journal, GLP, Big Pharma, FDA, tirzepatide, CNBC, Company, Pharmaceutical Locations: Washington, Kentucky, Danish, U.S, Alcobendas, Madrid, Spain

☆ Mike Tyson’s many eras: From ‘Iron Mike’ to prison to Holyfield to a Jake Paul bout
▼ + stars: | 2024-11-15 | by ( Mark Puleo | ) www.nytimes.com time to read: +9 min

At 58 years old, Tyson will fight Jake Paul, the 27-year-old YouTube-star-turned-boxer who wasn’t even born when Tyson’s career was in its prime. It’s Tyson’s first sanctioned professional match since 2005. Lewis largely controlled the fight, as the champion survived Tyson’s round one onslaught and controlled the pace with strong jabs. The loss accelerated the end of Tyson’s professional career. His final professional bout — until Friday’s against Paul — came against McBride in 2005.

Persons: Mike Tyson, Tyson, Jake Paul, wasn’t, It’s Tyson’s, Kevin McBride, He’s, Evander, Mike ”, “, ”, MIKE TYSON, JAKE PAUL, beckons, Mike ’, Hector Mercedes, Trevor Berbick —, Muhammad Ali —, Mike, ” Tyson’s, Jim Jacobs, Trevor Berbick, Tony Tucker, Michael Spinks, Buster Douglas, Douglas, Tucker, Spinks, Robin Givens, Evander Holyfield, Holyfield Tyson, Holyfield, Jeff Haynes, Francois Botha, Orlin Norris, Lou Savarese, Lennox Lewis, Lewis, Clifford Etienne, Paul —, McBride, ” Tyson, Paul J, Richards, Phil Collins ’ “, Zach Galifianakis, Alan, Roy Jones Jr, outlanding Jones, Paul, Nate Robinson, Friday’s Tyson, ‘, Timothy A, Clary Organizations: T, NETFLIX, Netflix, netflix, WBA, WBC, IBF, MGM, Getty, XIV, ”, Texas Department Locations: Arlington , Texas, Albany, N.Y, Tokyo, Nevada, California, Miami, Los Angeles

☆ Russia needed armor so badly that its biggest film studio donated 36 Soviet-era tanks that were used as props
▼ + stars: | 2024-11-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Mosfilm's head told Putin that it donated 28 T-55 tanks and eight PT-76 tanks to the defense ministry. Mosfilm's website says the studio has over 190 armored vehicles, armored personnel carriers, and self-propelled guns, though it described them as being "disguised" as equipment from various periods. Still, Shakhnazarov's statement comes as Moscow has struggled to maintain its inventory of armored vehicles amid heavy losses in the last two years. Figures from Dutch open-source tracking group Oryx say that Russia has lost 10,888 armored vehicles since the war began, including 3,558 tanks. AdvertisementThe Russian Defense Ministry and Mosfilm did not respond to requests for comment sent outside regular business hours by Business Insider.

Persons: Putin, —, Mosfilm, Karen Shakhnazarov, Vladimir Putin, Shakhnazarov Organizations: Service, Warner Bros, Kremlin, Armed Forces, Royal United Services Institute, Russian Defense Ministry, Business Locations: Russia, Ukraine, Moscow

☆ 7 US stocks set to rally from Trump tariffs
▼ + stars: | 2024-11-15 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

AdvertisementThere's been a lot of buzz about how president-elect Donald Trump's proposed tariffs could negatively impact some of the market's biggest names. However, for every company losing out from Trump's tariffs, there's another set to benefit from the red wave election outcome. Another big winner from tariffs and Trump policies in general is the financial sector. These businesses will experience minimal impact from tariffs while also benefitting from lower corporate taxes, which Gardner expects to go down under Trump. AdvertisementGarner and Rines shared some stocks they believe will benefit the most from Trump's proposed tariffs.

Persons: Trump's, —, There's, Donald Trump's, David Bianco, Trump, Bianco, Banks, Clayton Gardner, Gardner, Samuel Rines, Rines, Biden, Garner Organizations: Service, Biden, Trump, Ford, Companies Locations: China, America, Kentucky, Tennessee

☆ Jake Paul faces Mike Tyson in boxing event unlike any other
▼ + stars: | 2024-11-15 | by ( Jonny Velasquez | ) edition.cnn.com time to read: +9 min

On Friday, Paul steps into the ring for perhaps his most high-profile fight to date against former heavyweight champion Mike Tyson. Mike Tyson, I thought that was a cute slap, buddy, but tomorrow you’re getting knocked the f*ck out. After the postponement of their initial fight in July, Paul went on to defeat bare-knuckle boxing champion Mike Perry with a sixth round TKO. Mike Tyson and Jake Paul will contest their professional boxing bout on November 15. “Then, I’d retire after that.”After winning a boxing world championship, Paul plans to take his talents to mixed martial arts.

Persons: CNN —, Jake Paul, Paul, Mike Tyson, “, ” Paul, Mike, Tyson, Eddie Hearn, ” Hearn, Hearn, Canelo Álvarez, Oleksandr Usyk, Dmitry Bivol, Katie Taylor, Anthony Joshua, ” Joshua, Jonathan Ross, YouTuber, ” Tyson, Michael Loccisano, Michael Spinks, Larry Holmes, Clifford Etienne, Roy Jones Jr, “ I’m, He’s, I’m, Ariel Helwani, you’re, ”, they’re, Logan ., ‘, Jake Paul ’ –, YouTuber Ali Eson Gib, Nate Robinson, Tyron Woodley, Anderson Silva, Nate Diaz, Tommy Fury, Tyson Fury, Fury, Diaz, Andre August, Ryan Borland, Mike Perry, Nakisa Bidarian, Amanda Serrano, Taylor, Ed Mulholland, Serrano, Bidarian, ” Bidarian, I’d Organizations: CNN, Disney, T, Paul, Dallas Cowboys, UFC, Irish, Getty, “, MMA Locations: Arlington , Texas, British, Puerto Rican

☆ A millennial couple in Singapore spent 8 months turning a rundown unit into their dream home. Take a look inside.
▼ + stars: | 2024-11-15 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Jeremy Ng and Amanda Misso bought the first floor of a 1950s house in Singapore for about $1.34 million. AdvertisementJeremy Ng and Amanda Misso bought their house in Singapore in 2022. Amanda Goh/Business Insider"Sometimes, when you go to viewings, every other condo looks the same. Amanda Goh/Business InsiderAbout a fifth of the country's resident population lives in private housing, which includes condominiums and landed property. Amanda Goh/Business InsiderAs much as they love their house, there's just one tiny thing they wish they'd changed about the place.

Persons: Jeremy Ng, Amanda Misso, —, Joo Chiat, Amanda Goh, Misso, Ng, Jill, they're, Amanda, there's, they'd, you've Organizations: Service, Singapore —, Zurich —, Housing, Urban Land Institute Asia Pacific Centre for Housing Locations: Singapore, Geylang

☆ What to know about boxing’s controversial fight between Mike Tyson and Jake Paul
▼ + stars: | 2024-11-15 | by ( Eduardo Tansley | ) www.nytimes.com time to read: +8 min

Squid Game, Stranger Things and Bridgerton were all Netflix originals — next up for the streaming giant is Mike Tyson versus Jake Paul in the ring. Purists will regard the card’s co-main event as the truer form of boxing — and the better quality fight. While there has yet been no official announcement, Tyson and Paul are expected to start their ring walks at approximately 11pm ET (4am UK). At Wednesday’s pre-fight news conference, Paul jokingly wore ear covers. When asked in August why he was getting back in the ring, Tyson responded: “I don’t know, that’s the funny question.

Persons: Mike Tyson, Jake Paul, Paul, Tyson, Eddie Hearn, Katie Taylor, Hearn, Amanda Serrano, Taylor, Ed Mulholland, Timothy A, Clary, Muhammad Ali, George Foreman, Evander Holyfield —, —, Kevin McBride, Roy Jones Jr, “, ”, “ We’ve, YouTuber Ali Eson Gib, Nate Robinson, Tommy Fury, Tyson Fury, Paul isn’t, Donald McRae, ” Tyson, Serrano … Taylor, Serrano, Sarah Stier, Chantelle Cameron, Stevie Morgan, it’s Organizations: IBF, WBC, WBO, Netflix, T, Dallas Cowboys, Texas Department, Getty, WBA, Las Vegas, Wednesday’s, YouTube, UFC, NBA, BBC, British, Guardian Locations: British, Arlington , Texas, U.S, Nevada, Madison, New York, Republic of Ireland, Puerto Rican

☆ Markets are grappling with the impact of Trump's win and how the Fed will react
▼ + stars: | 2024-11-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

However, he went on to back up Chair Jerome Powell 's statement Thursday that the Fed doesn't need to be "in a hurry" to cut. "I do think if there's disagreement of what's the neutral rate, it does make sense at some point to start slowing." Getting to neutral, or a place that neither boosts nor restrains growth, is the Fed's ultimate goal, but Trump's victory could complicate the journey. The burst of euphoria after Trump's win actually complicates the situation by providing looser financial conditions that might make the Fed slower to ease. In any event, traders see a high likelihood that even if a December cut does happen, the Fed almost certainly will skip January as it assesses the landscape.

Persons: Donald Trump, Austan Goolsbee, Goolsbee, Jerome Powell, Susan Collins Organizations: Trump, Wall, Federal, Chicago Federal, CNBC, Wall Street Journal, Boston Fed, Traders

☆ The fight over Jerome Powell puts Elon Musk at odds with Wall Street
▼ + stars: | 2024-11-15 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +8 min

There's little appetite on Wall Street for undermining the central bank or ousting Jerome Powell. On Friday, billionaire Elon Musk endorsed a suggestion to let the president control the Federal Reserve, which is run by Chair Jerome Powell. Advertisement"He seems to be someone who has the ear of the president," Mark Spindel, an investment manager who co-wrote a history of Fed independence, told Business Insider of Musk's influence. Many Wall Streeters are concerned that undermining Fed independence would undercut investors' faith in the stock and bond markets. Trump is, Siegel said, extremely attuned to the stock market and uses it as a barometer of his success.

Persons: Elon Musk, Jerome Powell, —, Powell, Mark Spindel, Trump, Jeremy Siegel, he'd, Stocks, reappoint Powell, Scott Bessent, Peter Orszag, Obama, Lazard, Wharton's Siegel, Gallup, Siegel, Spindel, Musk's, Volodymyr Zelenskyy Organizations: Federal Reserve, Service, Wall Street Journal, Wharton School, University of Pennsylvania, Fed, Trump, Bloomberg, Federal, Treasury, Congress Locations: Powell, Europe, Japan, U.S, Trump

☆ Analysis of Chang’e-6 lunar samples reveals first detailed information about moon’s far side
▼ + stars: | 2024-11-15 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

Lunar samples from the Chang'e-6 mission could help explain differences between the near and far side of the moon. Li and his team studied 108 basalt fragments contained in two small samples of the lunar far side soil. Future Chang’e-6 sample researchThe Chang'e-6 probe's return capsule, which contained lunar samples from the moon's far side, is shown on June 25 after landing in China's Inner Mongolia Autonomous Region. Xinhua/ShutterstockThese initial analyses of the lunar soil samples raise questions that will take more time and the study of additional samples to address, Neal said. The space agency declined to comment on the studies but said it is coordinating with US researchers who applied for access to Chang’e-5 lunar samples.

Persons: NASA’s, Russia’s Luna, Clive Neal, China’s Chang’e, ” Neal, ”, Richard W, Carlson, ” Carlson, Qiu, Li, Neal, Bill Nelson, CNSA Organizations: CNN, NASA, Arizona State University, University of Notre Dame, Chang’e, Carnegie Institution, Planets Laboratory, State Key Laboratory, Chinese Academy of Sciences ’, of Geology, Geophysics, Mongolia Autonomous, Xinhua, China National Space Administration, Apollo, FBI, ” NASA Locations: China, Washington , DC, Xinhua, Mongolia, Mongolia Autonomous Region

☆ Democratic senators call for probe into Musk's Russia calls: Reuters
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +2 min

Reports that billionaire Elon Musk has held multiple calls with Russian officials, including President Vladimir Putin, should be investigated by the Pentagon and law-enforcement agencies on national-security grounds, two senior Democratic senators said in a letter seen by Reuters on Friday. Musk, who has been appointed to a senior government role by Republican President-elect Donald Trump, oversees billions of dollars in Pentagon and intelligence-community contracts as CEO of aerospace company SpaceX. Several Democratic lawmakers have publicly called for a probe into Musk's communications with Moscow since a Wall Street Journal report last month on the alleged contact, but the letter to the U.S. officials who could launch such an investigation has not been previously reported. SpaceX, Musk and the Pentagon did not immediately respond to requests for comment. The Pentagon and Justice Department did not immediately respond to similar requests.

Persons: Elon Musk, Donald Trump, Vladimir Putin, Musk, Jeanne Shaheen, Jack Reed, General Merrick Garland, Shaheen, Reed, Trump Organizations: Republican, Pentagon, Democratic, Reuters, SpaceX, Foreign Relations, Senate Armed Services, U.S, White, of Government Efficiency, Justice Locations: Butler , Pennsylvania, Moscow

☆ Deloitte, EY, KPMG, and PwC make up the Big 4 — here's how they compare
▼ + stars: | 2024-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

The Big Four — EY, Deloitte, KPMG, and PwC — are the world's largest accounting and consulting firms. AdvertisementDeloitte, EY, KPMG, and PwC are the world's largest accounting and consulting firms, known as the Big Four. The Big Four offer companies services such as workforce transformations, reshaping corporate finance portfolios, assurance, valuation, and optimizing the use of technology. AdvertisementThough not as stark a slowdown as Deloitte or EY, growth at PwC still dropped noticeably compared to the 9.9% rise reported for the previous 12 months. In February 2024, it unveiled a tax AI assistant for 2,300 PwC tax professionals in the UK to use.

Persons: PwC, —, Antonia Wade, EY, Ernst & Young, Janet Truncale, Carmine Di Sibio, Jack Taylor, Joe Ucuzoglu, Jim Spellman, Price Waterhouse, Mohamed Kande, Bill Thomas, Liam McBurney Organizations: Deloitte, KPMG, Service, EY, Ernst, Getty, Revenue, Assurance, PwC, Deloitte Deloitte, Deloitte Global, Equity, Nvidia, Google, AWS, Coopers, Street Journal, Big Locations: London, PwC, Asia, Pacific, Amsterdam

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