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☆ Looking to invest in crypto? Avoid these 4 common pitfalls.
▼ + stars: | 2024-12-03 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Cannon shares 4 common pitfalls for beginner crypto investors to avoid. Here are a few of the most common pitfalls for beginner crypto investors and how to avoid them, according to Cannon. Not thinking about cryptocurrency tax implicationsSimilar to stocks, you'll need to pay capital gains taxes on crypto transactions. If you purchase crypto on a crypto exchange, you'll typically be issued a cryptocurrency Form 1099 to fill out. However, President-elect Trump also suggested eliminating capital gains taxes on crypto.

Persons: Robert Cannon, Cannon, El, Donald Trump Bitcoin, —, cryptocurrency, Charles Schwab, Trump Organizations: Fidelity, Bitcoin, Franklin Bitcoin Locations: El Salvador, bitcoin

BlackRock said Tuesday it will acquire HPS Investment Partners for $12 billion in stock, as the world's largest asset manager looks to grow its presence in the highly popular private credit space. The deal, which is expected to close in mid-2025, comes during a boom for the private credit space. The transaction also creates "an integrated private credit franchise" with about $220 billion assets, per BlackRock. BlackRock earlier this year announced it would acquire Global Infrastructure Partners and private market data provider Preqin for $12.5 billion and $3.2 billion, respectively. The deal is also expected to raise BlackRock's private market AUM and management fees by 40% and roughly 35%, respectively.

Persons: Andrew Ross Sorkin, Larry Fink, Ares, HPS Organizations: BlackRock, New York Times DealBook, Jazz At Lincoln Center, HPS Investment Partners, Owl, CNBC, Global Infrastructure Partners, CNBC PRO Locations: New York City, BlackRock's, BlackRock

☆ Elon Musk says the latest rejection of his mega Tesla payday is 'totally crazy'
▼ + stars: | 2024-12-03 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementElon Musk hit out at a Delaware judge's latest rejection of his mega pay package. The Tesla CEO said the ruling was "totally crazy" and "absolute corruption." Musk and Tesla supporters have criticized the ruling in posts on social media. Elon Musk hit out at a Delaware judge's latest rejection of his mega pay package. AdvertisementCathie Wood, founder of CEO of ARK Invest and a long-term Tesla investor, said on X: "Judge McCormick is an activist judge at its worst.

Persons: Elon, Elon Musk, Kathleen St, J, McCormick, Tesla, Musk, Cathie Wood, Paul Graham, Y Combinator, That's, Shaun Maguire Organizations: Tesla, ARK Invest, Sequoia Capital Locations: Delaware, Nevada

☆ BlackRock is buying HPS, rounding out a year of blockbuster deals
▼ + stars: | 2024-12-03 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

AdvertisementBlackRock is nearing a deal to buy private credit firm HPS Investment Partners. HPS would be another major private markets deal for the $11.5 trillion money manager. BlackRock, known for its ETFs, is hoping a shift to private markets will drive growth. BlackRock is set to buy HPS Investment Partners, a private credit behemoth managing $150 billion, in an all-stock deal worth around $12 billion, the Wall Street Journal reported Tuesday morning. The three will now join BlackRock's global executive committee and lead a new unit combining HPS and BlackRock's existing private credit business, according to the WSJ report.

Persons: HPS, Larry Fink, Fink, Izzy Englander's, Scott Kapnick, Goldman Sachs, Scot French, Michael Patterson, Cindy Ord, BlackRock, GIP, Martin, It's Organizations: BlackRock, HPS Investment Partners, Wall Street, Global Infrastructure Partners, Management, Barclays, Investment, JPMorgan, Highbridge Capital Management, HPS Investment, Getty, Private, Wall, Bloomberg, Apollo, KKR, Tennenbaum Capital Partners Locations: BlackRock

☆ 'A quality earnings compounder': Buy this Canadian dividend growth stock with a 5% yield, Scotiabank says
▼ + stars: | 2024-12-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

One of Canada's large financial holding companies appears to be an attractive dividend investment opportunity, according to Scotiabank analysts. This development could boost Power Corporation's dividend growth rate, as Great-West represents its largest source of dividend income. "We think the value of the dividend growth is not reflected in the stock price and is underappreciated by the Street," the analysts added. Scotiabank's price target of 56 Canadian dollars ($40) is around 20% above the current stock price, with additional upside potential if dividend growth rates increase. The company recently agreed to sell its stake in Peak Achievement Athletics for around 440 million Canadian dollars, providing additional capital for potential shareholder returns.

Persons: Phil Hardie Organizations: Scotiabank, Power Corporation of Canada, Power Corp, IGM, Power Corporation, Desjardins Securities, Power Locations: U.S

☆ Trump repeats vow to 'block' Nippon Steel's bid for U.S. Steel
▼ + stars: | 2024-12-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

U.S. President-elect Donald Trump has pledged to block Japanese company Nippon Steel's planned purchase of U.S. Steel. Nippon Steel, the fourth largest global steelmaker, reached an agreement to acquire U.S. Steel last December. U.S. Steel has an annual production capacity of around 20 million metric tons, while Nippon Steel is the leading steel producer in Japan. Nippon Steel and U.S. Steel did not immediately respond to CNBC's requests for comment on Trump's latest remarks. A spokesperson for Nippon Steel previously said the acquisition would revitalize the American Rust Belt and enhance U.S. national security "in a way no alternative can."

Persons: Donald Trump, Trump, Joe Biden, Takahiro Mori, David Burritt Organizations: Nippon, U.S . Steel, Nippon Steel of, U.S, Steel, Nippon Steel, United Steelworkers, Foreign Investment, Nippon Steel's, Trump, . Steel Locations: Nippon Steel of Japan, American, Japan, LSEG

☆ Behind BlackRock's ambitions to push into private markets
▼ + stars: | 2024-12-03 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

AdvertisementBlackRock is nearing a deal to buy private credit firm HPS Investment Partners. HPS would be another major private markets deal for the $11.5 trillion money manager. BlackRock, known for its ETFs, is hoping a shift to private markets will drive growth. BlackRock, the $11.5 trillion asset manager, is reportedly nearing a deal to buy HPS Investment Partners, a private credit behemoth managing $145 billion. AdvertisementFink, BlackRock's chief executive and cofounder, who built the world's largest asset manager by packaging public markets into cheap funds for the masses, has been very vocal about the firm's push into the profitable private markets.

Persons: HPS, Larry Fink, Fink, Izzy Englander's, HPS didn't, Scott Kapnick, Goldman Sachs, Scot French, Michael Patterson, Cindy Ord, BlackRock, GIP, Martin, It's Organizations: BlackRock, HPS Investment Partners, Financial Times, Bloomberg, Global Infrastructure Partners, Management, Barclays, Investment, JPMorgan, Highbridge Capital Management, HPS Investment, Getty, Private, Wall, Apollo, KKR, Tennenbaum Capital Partners Locations: BlackRock

☆ Microsoft faces £1 billion lawsuit in UK for allegedly overcharging rival cloud firms' customers
▼ + stars: | 2024-12-03 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNTUKRAINE - 2022/01/07: In this photo illustration a Microsoft Azure logo seen displayed on a smartphone. Microsoft offers a cheaper price to firms running Windows Server on Azure than on direct competitors like AWS, Google's cloud or Alibaba Cloud. The lawsuit argues firms running the widely-used server software are essentially being overcharged to use alternative cloud computing solutions. "By doing so, Microsoft is trying to force customers into using its cloud computing service Azure and restricting competition in the sector." From 2017 to 2022, European cloud firms' market share halved from 27% to 13%, lagging international rivals as the entire European cloud market grew fivefold to 10.4 billion euros ($11 billion), according to data from Synergy Research Group.

Persons: Igor Golovniov, Maria Luisa Stasi, Stasi, it's, Solange Viegas Dos Reis, There's, Dos Reis, OVHCloud Organizations: Getty, Microsoft, Amazon Web Services, Google, Windows, CNBC, Stasi, CMA, Markets Authority, European Commission, EU, Synergy Research, U.S Locations: UKRAINE

☆ Australian Real-Estate Auctions May Help American Homebuyers, Sellers
▼ + stars: | 2024-12-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

For roughly a decade after that first auction, he continued to broker deals the conventional way — for American sellers, Aussie-style auctions were a tough sell. Real-estate auctions are a time-honored tradition in Australia, dating back more than 200 years to its days as a British colony. But in times of healthy demand for homes, auctions can deliver benefits for sellers looking to ride out the frenzy. "I don't think the American consumer is ready for auctions yet," says Rob Hahn, the CEO of Decentre Labs, a company he started in 2022 to bring online real-estate auctions to the masses. The biggest beneficiaries, Duby tells me, may just be real-estate agents: When buyers and sellers are shuffled through this murky process, they'll look for a professional guide.

Persons: Evan Duby, Duby, Sellers, haven't, Kenneth Lusht, they've, Tim Quirk, Quirk, — Quirk, Mike Russo, —, Rob Hahn, Hahn Organizations: nab, eBay, Pennsylvania State University, Auction.com, Decentre Labs Locations: Brooklyn, Australia, Melbourne, British, New South Wales, Victoria, Massachusetts, Bethesda , Maryland, American, States

I’ve been covering Black Friday and Cyber Monday deals as an editor at NBC Select for four years, and I spent weeks combing through discounts to find the best Cyber Monday deals under $50 actually worth shopping. SKIP AHEAD Best Cyber Monday deals under $50 | Best Cyber Monday sales under $50 | I found the best Cyber Monday deals under $50 | Why trust NBC Select? Best Cyber Monday deals under $50I found, vetted and wrote about every deal I recommend below. Best Cyber Monday sales under $50Here are the best Cyber Monday sales under $50 to know about. I’m an updates editor for NBC Select who has covered deals and sales for Black Friday, Cyber Monday, Prime Day and more.

Persons: I’ve, I’ll, It’s, livestreaming, shea, “ I’ve, ”, Bianca Alvarez, Alvarez, Cash, Alo, TikTok Organizations: NBC, Walmart, sitewide, Navy, Gamestop, Wellness, Bath, Giftable Tech, Black, Facebook, Twitter Locations: carabiner, Bala

Cyber Monday is officially here, and retailers including Amazon, Ulta and Sephora are offering notable beauty deals during the event. I spent weeks combing through discounts to find the best Cyber Monday beauty deals that are actually worth shopping. SKIP AHEAD Best Cyber Monday beauty deals | Best Cyber Monday beauty sales | How I found the best Cyber Monday beauty deals | Why trust NBC Select? Best Cyber Monday beauty salesHere are the best Cyber Monday beauty sales to know about. I’m an associate reporter for NBC Select who has covered deals and sales for over a year.

Persons: I’ll, ”, Ashley Morris, it’s, Zoe Malin’s, butters, Lindsay Schneider, “, Mili Godio, I’m, Rebecca Rodriguez, Caitlin Cusack, Cusack, Ari Night, doesn’t, Nikki Brown, hydrating, shea, Rodriguez, It’s, TikTok Organizations: Amazon, NBC, Nordstrom, sitewide, Wellness, Facebook, Twitter Locations: Dyson

I spent weeks combing through discounts to find the best Cyber Monday beauty deals that are actually worth shopping. SKIP AHEAD Best Cyber Monday beauty deals | Best Cyber Monday beauty sales | How I found the best Cyber Monday beauty deals | Why trust NBC Select? Best Cyber Monday beauty dealsI found, vetted and wrote about every deal I recommend below. Best Cyber Monday beauty salesHere are the best Cyber Monday beauty sales to know about. I’m an associate reporter for NBC Select who has covered deals and sales for over a year.

Persons: I’ll, ”, Ashley Morris, it’s, Zoe Malin’s, butters, Lindsay Schneider, “, Mili Godio, I’m, Rebecca Rodriguez, Caitlin Cusack, Cusack, Ari Night, doesn’t, Nikki Brown, hydrating, shea, Rodriguez, It’s, TikTok Organizations: NBC, Amazon, Nordstrom, sitewide, Facebook, Twitter Locations: Dyson

SKIP AHEAD Best Amazon Cyber Monday deals | More Amazon Cyber Monday sales | Best Cyber Monday sales at other retailers | How I picked the best Amazon Cyber Monday deals | Why trust NBC Select? 4.6-star average rating from 90,294 reviews on AmazonCrest 3D Whitestrips are one of our favorite at-home teeth-whitening products. 4.7-star average rating from 106,379 reviews on AmazonThis 60-piece set comes with 30 different-sized plastic storage containers and accompanying lids. Best Amazon Cyber Monday salesHere are the best Amazon Cyber Monday sales to know about. All the deals I recommend are at least 20% off and highly rated with at least a 4.0-star average rating from hundreds of reviews.

Persons: I’ll, Bissell, Dyson, It’s, Grace, Stella, Zoe Malin, ”, Rebecca Rodriguez, Cash, Nordstrom, Alo, sitewide Diggs, TikTok Organizations: NBC, Apple, Amazon Alexa, Amazon, AA, Walmart, Costco, Sporting, Samsung, Nike, Navy, Nintendo, Gamestop, JBL, Casper, Wellness, Bath, Giftable Tech, Black, Facebook, Twitter Locations: tangling, Dagne Dover, Bala

The Dyson Airwrap, which we dubbed worth it even at full price in our Airwrap review, is $120 off — $20 cheaper than its previous all-time low. Below, you can find the 17 best lowest-price-ever deals live right now for Cyber Monday. You can find a comprehensive roundup in our best Cyber Monday deals hub. If you see something you like, especially if it's listed at an all-time low price, we recommend buying it sooner rather than later. Check out our roundup of all of the best Cyber Monday deals.

Persons: we're, Dyson, it's, Kaya Organizations: Business, Apple, Dyson, Dyson Apple, Amazon Samsung Galaxy Watch, Galaxy, Walmart Philips, Fryer, Philips, Air, Amazon Apple, TSA Locations: Quince

☆ Trump said he'll put a 100% tariff on countries that give up the dollar. That could backfire.
▼ + stars: | 2024-12-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

AdvertisementUS President-elect Trump has threatened 100% tariffs on BRICS nations to protect the US dollar's dominance. BRICS nations are exploring alternatives to the US dollar amid de-dollarization talks. The US dollar gained on the political uncertainty, with the Dollar Index up 0.6% at 3:10 a.m. AdvertisementIn October, Russian President Vladimir Putin opened a summit of BRICS nations by calling for an alternative payment system. AdvertisementLast week, Trump threatened 25% tariffs on imports from top trading partners Canada and Mexico, and an additional 10% tariff on China.

Persons: Trump, dollarization, Donald Trump, Brad Setser, Setser, —, Michael Pettis, Pettis, There's, isn't, Vladimir Putin, Putin, Justin Trudeau, Claudia Sheinbaum Organizations: United, US, Council, Foreign Relations, Treasury, Deutsche Bank, Trump, Deutsche, Carnegie Endowment, International, Russia, ING, greenback, . Canadian, Reuters, Canadian Locations: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Ukraine, Russian, Canada, Mexico, Florida

☆ Budgeting isn't for everyone, but 'intuitive spending' has its problems too
▼ + stars: | 2024-12-02 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +4 min

AdvertisementA financial guru has criticized strict budgets, advocating for intuitive spending instead. Experts suggest balancing intuitive spending with realistic budgeting for financial health. But Dana Miranda, a certified personal finance educator, told CNBC Make It in a recent interview that strict spending plans can be "toxic." Instead, she recommended "intuitive spending" and thinking about your money "moment by moment." But she isn't convinced intuitive spending is a good alternative.

Persons: Dana Miranda, Miranda, Katrin Kaurov, Doug Carey, Carey, Kaurov, Julie Guntrip, Guntrip Organizations: CNBC, Jenius Bank

But few discounts have impressed me as much as this Hisense 100-inch 4K TV Cyber Monday deal. You can also find great savings on smaller TVs in our complete roundup of all the best Cyber Monday TV deals. And for discounts on other products, visit our guide to all the best Cyber Monday deals. The best Cyber Monday Hisense 100-inch U76N 4K TV dealHisense 100-inch U76N QLED 4K TV $1,798.00 $2,997.99 Save 40% This 100-inch TV is a whopping size that will allow you to catch every inch of every game. For more display recommendations available in various sizes, check out our guides to the best TVs, best 4K TVs, and best smart TVs.

Persons: it's, Hisense Organizations: Business, Google, Walmart

☆ Playing Lululemon ahead of earnings with a stock substitution options strategy
▼ + stars: | 2024-12-02 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Sine that initial call, Lulu shares gained about 7% through last Friday, versus a 4% total return of the S & P 500 and flat performance for Nike. Right now, the options market implies a about a $30 move in the stock price, higher or lower, by the end of this week. Rather than continuing to hold the stock, an investor looking for slightly less risk could use a stock substitution strategy through earnings. The trade: Stock substitution strategy A stock substitution strategy is an investment approach that uses options instead of directly holding shares of a stock. An options structure can also reduce the maximum potential loss if the underlying stock's price falls significantly.

Persons: Lululemon, LULU, Lulu, Armour, LULU Jan Organizations: Nike, Adidas, VF Corp, CNBC, NBC UNIVERSAL Locations: Sine

The Disney Plus and Hulu bundle deal is for the Disney Bundle Duo Basic, which offers ad-supported versions of both Disney Plus and Hulu. It doesn't get much better than 90% off of Hulu and 70% off of a Disney and Hulu bundle. However, the ad-supported Hulu subscription and ad-supported Disney Duo Basic bundle are the only plans with Cyber Monday deals. For combo fans, there's also a Disney Bundle Duo Premium (ad-free Disney Plus and Hulu) for $20/month. It's a live TV streaming cable alternative with Hulu, Disney Plus, and ESPN Plus bundled in.

Persons: we're, it's, Hulu aren't, Max, we've, We'd, haven't, there's, It's Organizations: Business, Disney Plus, Hulu, Disney, PT, Disney Hulu, ESPN Plus, ESPN, New, ABC, Marvel, Star Wars, Pixar Locations: Hulu, Moana

Whether you want a power station for your next outdoor adventure, an RV, or to prepare for emergencies, don't sleep on the Anker power station Cyber Monday deal, as it ends in a few hours or while supplies last. Anker SOLIX F2000 Portable Power Station $1,499.00 $2,899.00 Save 48% By including two 200-watt solar panels, this sun-powered generator eliminates the need to buy or access combustible fuel. View at Amazon What we like Check mark icon A check mark. Noise: 0 decibelsOther Cyber Monday deals on power stations and generatorsJackery Explorer 300 Portable Power Station $169.00 $259.00 Save 35% The Jackery Explorer 300 Portable Power Station can power or charge six small devices at a time and recharges using a solar panel (not included), wall outlet, or car port. View at AmazonCyber Monday Anker Power Station FAQsWhat is the lifespan of the Anker power station?

Persons: Anker, Anker SOLIX Organizations: Business, F2000

I've scoured the internet to bring you the best Cyber Monday deals under $100, with savings up to 70% off. Be sure to check out our guide to all the best Cyber Monday deals from various retailers and product categories, from Tech to Style and Home. View at Amazon What we like Check mark icon A check mark. View at Coop Sleep Goods What we like Check mark icon A check mark. Check out our roundup of all of the best Cyber Monday deals.

Persons: I've, fryer, it's, Decker, Taylor Swift, Locker Sam Edelman, Kaya, terry Organizations: Business, Amazon Samsung Galaxy Watch, Galaxy, Walmart, Alexa, JBL, Amazon Nori, Amazon Philips, Amazon, Nordstrom, Kindle Locations: Tech, carabiner, Wear, Bandolier

Learn moreCyber Monday is officially here, and we've scouted the best deals, including some of our favorite styles at their best prices of the year. So, let's get to it: here are the best Cyber Monday sales and deals on clothes, shoes, bags, and other accessories for building a complete winter wardrobe. We've also scouted comfortable walking shoes, cozy clogs, and a discount on some of the best flats we've tested. Check our guide to the best Madewell Black Friday deals to keep up with how the discounts evolve throughout the week. View at MadewellEverlane The Square Neck in Cashmere $101.00 $168.00 Save 40% This slim-fitting, slightly cropped sweater is made from recycled cashmere.

Persons: we've, let's, you'll, We've, Inez Mia, Inez, Inez Madewell, stillettos, Inez Paloma, Sally Kaplan, Inez Allbirds, Pei, Amazon Staff Pick Lo, Gabrielle Chase, Lo & Sons JW Pei, I've, Jenni Kayne's, Pant, Spanx, Cole Haan, Kenneth Cole, Abercrombie, I’ve, Talia Ergas, Puffer, Abercrombie & Fitch Organizations: Business, Nordstrom, Madewell, Amazon Staff, Lo & Sons, Everlane's, Everlane, Saks, Fitch, Abercrombie, Abercrombie & Locations: Madewell, Lo, West, Cashmere

View at Coop Sleep Goods What we like Check mark icon A check mark. Comes with additional fill if you prefer a firmer pillowCheck mark icon A check mark. View at Buffy What we like Check mark icon A check mark. View at Parachute What we like Check mark icon A check mark. Folds easily for added support when lying on your side or backCheck mark icon A check mark.

Persons: it's, Price Casper, Wiggle Pillow, It's, Folds Organizations: Business, Monday, Pillow, lounging

☆ Why Amazon sellers and retailers are flocking to TikTok Shop despite looming U.S. ban
▼ + stars: | 2024-12-02 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

Beachwaver is part of a growing influx of retailers that are flocking to TikTok Shop, the video app's shopping service. "When TikTok Shop was new and people hadn't used it yet, they would ask, 'Is this on Amazon yet?'" Le Bourgeois declined to comment on the looming TikTok ban, but a company spokesperson at the event said TikTok Shop isn't slowing down. Yay's Snacks, which makes crispy Cambodian beef jerky, was one of the earliest companies to join TikTok Shop when it launched. TikTok Shop was a big topic of conversation at a conference for Amazon sellers in New York in October.

Persons: Sarah Potempa, Potempa livestreams, Potempa, TikTok, EcommerceDB, Caila Schwartz, Mira Dix, Dix, Joe Biden, Jan, Donald Trump, Trump, CNBC's, Jeff Yass, Nico Le Bourgeois, Le Bourgeois, It's, Alibaba's, Rachel Cheng, she's, Marlin Chan, Yay's, Cheng, Craig Sjodin, Aaron Krause, Krause, influencers, Vanessa Amaro, Amaro, Dan Hughes, Rafay, Michelle Barnum Smith, Barnum Smith, I've Organizations: Base, Visual China, Getty, TikTok, Nike, Amazon, CNBC, U.S, Black, Disney ABC Television, Daddy, QVC Locations: Wuhan, China, Waukegan , Illinois, Amazon, U.S, ByteDance, Manhattan, New York

☆ 3 financially savvy ways to maximize your year-end giving
▼ + stars: | 2024-12-02 | by ( Sponsored Doctors Without Borders | ) www.businessinsider.com time to read: +3 min

With the end of the year fast approaching, consider a few alternative ways to help fuel Doctors Without Borders' work while maximizing your impact. Many alternative gift types offer tax advantages or other financial benefits, and they can serve as long-term investments in Doctors Without Borders' work. Take a moment to explore these financially savvy ways to make a gift — including using a donor-advised fund (DAF), donating stocks or mutual funds, and more. Below are a few strategic ways you can make a gift to Doctors Without Borders before December 31st:1. Appreciated securitiesWith strong stock market performance this year, you may have a limited-time opportunity to maximize your charitable impact with a gift of appreciated securities.

Organizations: DAF, DAFs, Insider Studios Locations: Gaza, Sudan, Haiti

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