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SEOUL, South Korea — Starbucks, one of the world’s most recognizable, if sometimes tedious, symbols of global capitalism, has a knack for choosing unique spots to open coffee shops. As of Friday, visitors to Aegibong Peace Ecopark near Gimpo, South Korea, can take in the views across the demilitarized zone and the North Korean border. “People used to think of this area near the North Korean border as a dark and gloomy place,” Kim Byung-soo, mayor of Gimpo, told NBC News. The coffeehouse’s patrons can see a North Korean village on Songaksan Mountain, as well as the environmental preservation area that the civilian-free DMZ is home to. An observation deck at a Starbucks in Gimpo, South Korea.

Persons: Baek Hea, ” Baek, SeongJoon Cho, ” Kim Byung, Kim Jong Un, Lim Jong, chul Organizations: Starbucks, Reuters, Bloomberg, Getty, NBC News, Vietnam Locations: SEOUL, South Korea, Prague, Cordoba, London, Gimpo, Korean, Seoul, North Korea, Pyongyang, Korea, Gaepung County

☆ Starbucks opens a cafe with a view of North Korea
▼ + stars: | 2024-11-29 | by ( Chris Lau | Yoonjung Seo | ) edition.cnn.com time to read: +3 min

The 30-seat cafe is located at the Aegibong Peace Ecopark in Gimpo city, about 20 miles north of the capital Seoul. Reuters“I wish I could share this tasty coffee with the people living in North Korea right in front of us,” local resident Baek Hea-soon, 48, told Reuters. North and South Korea are technically still at war, as no treaty to end the 1950 to 1953 Korean War was ever signed. South Korean veterans drink coffee at an observation deck of the Starbucks Coffee in Gimpo. In January, North Korean leader Kim Jong Un said his country would no longer seek reconciliation and reunification with South Korea.

Persons: South Korea CNN —, Reuters “, Baek Hea, Lim Jong, ”, Kim Byung, SeongJoon Cho, hyeon Kim, Kim Jong Un, Kim Organizations: South Korea CNN, Starbucks, American, Korean, Reuters, Gimpo, Bloomberg, Getty, South Koreans, Korea Tourism Organization, South Locations: Seoul, South Korea, North Korea, Gimpo city, It’s, Kaepung, Vietnam, Gimpo

☆ Stocks making the biggest moves midday: Advance Auto Parts, Robinhood, chip equipment makers and more
▼ + stars: | 2024-11-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Chip equipment stocks — Global chip equipment stocks rose on news that the Biden administration is considering further sanctions on sales of semiconductor equipment and artificial intelligence memory chips to China that could be less strict than earlier proposals. Advance Auto Parts — Shares dropped 7% after credit rating agency Moody's Ratings downgraded the auto parts company's senior unsecured debt to Ba1, below investment grade, according to FactSet. Hasbro — Shares jumped 2% after Elon Musk floated the prospect of acquiring the toymaker to secure the rights to Dungeons & Dragons. Zeta Global Holdings — The marketing software stock climbed 5.5% after the company's CEO called a recent short seller report "erroneous" on CNBC's "Closing Bell" on Wednesday. Crypto stocks — Stocks tied to the price of bitcoin rose as the cryptocurrency climbed closer to the $100,000 milestone.

Persons: Biden, ASML, Robinhood, Moody's, Elon Musk, Stocks, Yun Li, Jesse Pound, Hakyung Kim, Sarah Min, Sean Conlon, Pia Singh, Tanaya Macheel Organizations: Materials, KLA Corporation, Lam Research, Bloomberg, U.S . Securities, Exchange Commission, Trump, Advance, Hasbro —, Elon, U.S . Target, Costco, Walmart, Zeta Global Holdings, Holdings Locations: China, Dutch, Ba1

☆ Stocks making the biggest moves premarket: MicroStrategy, Applied Materials, Robinhood and more
▼ + stars: | 2024-11-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

The stock has seen massive gains this year, surging more than 515%. Chip equipment stocks — Shares of chip equipment stocks moved higher on a report that the Biden administration is considering more restrictions on sales of semiconductor equipment and artificial intelligence memory chips to China that may be less strict than expected. Walmart , the country's largest retailer, rose more than 0.2%, while shares of Target and Costco , advanced 0.6% and 0.3%, respectively. Robinhood — The brokerage firm climbed 3% premarket, continuing a postelection rally, after the U.S. Securities and Exchange Commission approved the creation of a 24-hour stock exchange by startup 24 Exchange, paving the way for round-the-clock trading. Zeta Global Holdings — The marketing software company rose 5% after its CEO said Wednesday on CNBC's "Closing Bell" that a recent short seller's report was "erroneous."

Persons: Biden, Robinhood, —, Jesse Pound, Yun Li Organizations: Lam Research, KLA Corporation, ASML, Bloomberg, Walmart, Target, Costco, U.S . Securities, Exchange Commission, Trump, Zeta Global Holdings Locations: China

☆ Intel's annual median pay has been stagnant compared to peers like Nvidia and Microsoft
▼ + stars: | 2024-11-29 | by ( Helen Li | ) www.businessinsider.com time to read: +2 min

AdvertisementIntel's median employee pay rose 4% in five years, lagging behind other tech firms. Other tech companies like Nvidia and Microsoft increased pay by at least 12%. Intel's median employee pay has only increased by 4% over the past five years, an analysis of annual proxy statements filed with the SEC showed. Related Video Nearly 50,000 tech workers have been laid off — but there's a hack to avoid layoffsIn 2019, Intel's average employee pay was $96,300. Besides stagnating pay, Intel employees have seen other setbacks.

Persons: Pat Gelsinger Organizations: Nvidia, Microsoft, Intel, SEC, Big Tech, AMD, Qualcomm, Business, Department of, Industry, Bloomberg Locations: Ohio, Phoenix

☆ 5 big questions about how tech will look under Trump
▼ + stars: | 2024-11-29 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

He sought to swat down legal protections for tech platforms. Many Republicans are eager to see the Trump administration address what they see as “censorship” of right-leaning voices by many mainstream social media platforms. That could mean reforming or reinterpreting Section 230, which shields tech platforms from liability for their users’ posts and allows the platforms to moderate content as they see fit. In essence, Carr could attempt to pass a rule that would make it possible to sue tech platforms under that new interpretation. Ultimately, that could mean hamstringing tech companies’ efforts to reduce hateful or false content on their platforms.

Persons: Trump, Donald Trump, – —, Trump’s, TikTok, Mark Zuckerberg, He’s, it’s, Elon Musk, Will TikTok, “, he’ll, Shou Zi Chew, Kent Nishimura, Alan Rozenshtein, ” Rozenshtein, You’re, doesn’t, isn’t, Will Trump, … we’ve, ” Musk, Joe Biden, Biden, ”, John Villasenor, Brendan Carr, Carr, Gigi Sohn, Tom Wheeler, Evan Greer, Lina Khan, JD Vance, Musk, Khan, Tayfun, – Khan, ” Villasenor, ” Greer, Republican Sen, Marsha Blackburn of, Democratic Sen, Richard Blumenthal, Mike Johnson Organizations: New, New York CNN, Google, Big Tech, Trump, Bloomberg, Getty, University of Minnesota, Apple, CNN, “, Fox News, Republican, UCLA Institute for Technology, Law, Federal Communications Commission, FCC, Democratic, Federal Trade Commission, Biden, White, Trump White House, Microsoft, Activision Blizzard, Kroger, Albertsons, FTC, Department, DOJ, TV, Senate Locations: New York, United States, —, Washington ,, Marsha Blackburn of Tennessee, Connecticut

☆ As retailers enter the holiday shopping season, the winners are pulling away from the pack
▼ + stars: | 2024-11-29 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Target , Kohl's and Best Buy each reported disappointing third-quarter results as early holiday deals fell short of meaningfully boosting their businesses. Choosy consumers have made the gulf between successful and struggling retailers even more stark heading into the holiday shopping season, said Neil Saunders, managing director of GlobalData Retail. That's a smaller year-over-year increase than the 3.9% jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Dick's and Abercrombie both hiked their full-year outlooks this week and said they expect a strong holiday shopping season. Kohl's warned it will have a deeper-than-expected drop in sales and announced a change in CEO ahead of the crucial shopping season.

Persons: Victor J, Fitch, Neil Saunders, Abercrombie, Scott Lipesky, Erik Nordstrom, Wall, John David Rainey, Rainey, Rick Gomez, Taylor Swift Organizations: Blue, Bloomberg, Getty, Walmart, Dick's Sporting Goods, Abercrombie, GlobalData, National Retail Federation, Nordstrom, CNBC, Target Locations: Clifton , New Jersey, U.S

Deir al-Balah, Gaza CNN —Hundreds of thousands of Palestinians who have been displaced multiple times from Israeli airstrikes across the Gaza Strip are now facing another threat – the arrival of harsh winter weather. On Sunday, the first strong storm to hit Gaza this winter was felt in all parts of the enclave. Winter in Gaza means more people will die shivering because of the cold, especially among the most vulnerable including older people + children,” Philippe Lazzarini said. Mohammed Alkhatib, deputy director of programs for Medical Aid for Palestinians (MAP) in Gaza said the suffering of displaced Palestinians in Gaza had “many faces” in a statement shared with CNN by MAP. Damaged temporary shelters for displaced Palestinians are seen after bad weather on a beach near Deir al-Balah, central Gaza, on Monday, November 25, 2024.

Persons: Deir, shoveled, “, ”, ” Philippe Lazzarini, Israel, ” Mohammad Younis, Younis, Um, “ We’re, ’, Israel’s, Mohammed Alkhatib, Ahmad Salem, ” Louise Wateridge, Sami Salehi, Salehi, he’d Organizations: Gaza CNN, Journalists, CNN, United Nations Relief, Works Agency for Palestine Refugees, UN, UNRWA, United Nations, Norwegian Refugee Council, UN Office, Humanitarian Affairs, Israel Defense Forces, Medical Aid, MAP, Bloomberg, Getty, United Nations Population Fund Locations: Gaza, Deir al, Israel, Al, Yarmouk, Gaza City, COGAT

☆ Dow jumps nearly 200 points to record in short session, S&P 500 posts best month of 2024: Live updates
▼ + stars: | 2024-11-29 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

The Dow Jones Industrial Average and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities. The S&P 500 added 0.56% to 6,032.38, while the Nasdaq Composite jumped 0.83% to 19,218.17.The Dow climbed 188.59 points, or 0.42%, to end at 44,910.65. Both the Dow and S&P 500 notched new intraday and closing highs. About three out of every five S&P 500 members finished the session in the green. With those gains, the Dow and S&P 500 notched their best months of 2024.

Persons: Dow, Biden, Donald Trump's Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Bloomberg, Lam Research, Nvidia, iShares Semiconductor Locations: China

☆ Turkey angles for Trump to break the deadlock on F-35 purchases
▼ + stars: | 2024-11-29 | by ( ) www.businessinsider.com time to read: +7 min

Turkey wants the F-35s and may be willing to move the Russian air defenses that triggered the ban. Until five years ago, Turkey had planned to buy 100 of Lockheed Martin's F-35 stealth jets to modernize its air force. According to Bloomberg, Turkey may agree to restrict its Russian S-400s air defenses in return for the US lifting sanctions. Advertisement"So, it will remain to be seen if Trump can overcome these institutional hurdles to a sale to Turkey," Bohl told BI. The intervening Ukraine war, where Russian S-400s suffered losses, could reduce the value Turkey sees in them.

Persons: Lockheed Martin's, Trump, Recep Tayyip Erdogan, Donald Trump, Suleyman Ozeren, Ali Bakir, Erdogan, Bakir, Ozeren, Benjamin Cooper, US Air Force Ryan Bohl, RANE, Marco Rubio, Bohl, Mark Esper, Lockheed Martin, Paul Iddon Organizations: Trump, Lockheed, Bloomberg, Russian, American University, Orion Policy Institute, Ibn Khaldon, Security Initiative, US Air Force, East, Washington, Pentagon, Northrop Grumman, BAE Systems, Pratt & Whitney, RTX Corporation, Ukraine, Iran Locations: Turkey, Ankara, Washington, Incirlik, Qatar, Turkish, North Africa, Russia, China, Ukraine, Russian

☆ Will TikTok be banned? Here are the latest details on the app's legal fight to stay in the US and Trump's options
▼ + stars: | 2024-11-28 | by ( Dan Whateley | ) www.businessinsider.com time to read: +7 min

The US government is on track to force the app out on January 19, the day before Donald Trump takes office. There's a possibility that President Joe Biden could extend that deadline by 90 days, but he hasn't said he will. AdvertisementBut will a TikTok ban actually happen? While there is bipartisan support in Congress for a TikTok ban, support for a ban is fading among the American public. Some members of Congress have raised concerns that TikTok could be used as a CCP propaganda tool.

Persons: Donald Trump, Joe Biden, hasn't, Read, Amanda Perelli, TikTok, Matthew Schettenhelm, Trump, I'm, G.S, Hans, Nathan Posner, Getty Images Trump, ByteDance, John Moolenaar, Shou Chew, Chip Somodevilla Organizations: Business, Appeals, District of Columbia Circuit, DC, Bloomberg Intelligence, DC Circuit, Pew Research, Trump, Department, Congress, Cornell Law School, Washington DC, Anadolu Agency, Getty Images, Rep, Chinese Communist Party, CCP, Foreign Locations: TikTok, Los Angeles, Washington, United States, China, US

☆ US economy could face higher inflation and slower growth when Trump takes office, 'Dr. Doom' economist Nouriel Roubini says
▼ + stars: | 2024-11-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementNouriel Roubini thinks higher inflation and slower growth are coming on the back of Trump's policies. "Some of the economic policies may lead to higher economic growth," Roubini said, pointing to Trump's push to loosen regulation and slash the corporate tax rate. "But unfortunately, many of the other policies have the implication of higher inflation and lower economic growth." AdvertisementOther forecasters have also warned of the potential for higher inflation in Trump's second term. Trump, though, has repeatedly disputed the idea that his policies are inflationary and said he would lower prices for Americans.

Persons: Roubini, Roubini —, Doom, —, Trump, Taylor Rogers Organizations: Bloomberg, Social Security, Committee, Federal, Deutsche Bank, Trump, White, Republican National Committee Locations: stoke, Mexico, Canada, China

☆ Chip-supplier stocks jump as the US weighs up fresh China sanctions
▼ + stars: | 2024-11-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Targeting Chinese chip equipment makers could benefit European firms such as ASML. The Biden administration is reported to be considering fresh sanctions against Chinese semiconductor equipment manufacturers, pushing up stocks of semiconductor suppliers in Europe and Japan. The suggested curbs would add an extra 100 Chinese chip equipment makers to the entity list, the outlet reported. AdvertisementAs part of the sweeping sanctions, the US could add 200 Chinese chip firms to its trade blacklist, Wired reported. American chip equipment makers and allies such as Japan and the Netherlands reportedly pushed back against earlier proposals.

Persons: Biden, SMIC, Jim Reid, Mao Ning, US Department of Commerce didn't Organizations: Wired, Bloomberg, Tokyo, Huawei, CSI, Deutsche, US Department of Commerce, Business Locations: Europe, Japan, China, Shanghai, Netherlands

☆ Russia will likely send North Korean troops to the most dangerous spots to fight, says South Korea
▼ + stars: | 2024-11-28 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementNorth Korean troops sent to aid Russia will likely be deployed to the most dangerous fighting spots. That's according to South Korea's defense minister, who said they'd likely be used as "cannon fodder." North Korean forces have already taken casualties, per reports. North Korean troops fighting alongside Russian forces will likely be sent to some of the most dangerous spots in the war, Kim Yong-Hyun, South Korea's defense minister, said on Thursday. North Korea has sent thousands of troops to aid Russia in its war efforts, according to officials from South Korea, Ukraine, and the US.

Persons: they'd, Kim Yong, Kim, Joonkook Hwang, South, Andrii Kovalenko, Volodymyr Zelenskyy, Dmytro Ponomarenko, Kim Song Organizations: Russian, North, Yonhap News Agency, UN, Financial, Shadow, Street Journal, Western, Storm, Ukraine's Center, Bloomberg, UN Security Locations: Russia, South, Korea, South Korea, Ukraine, Korean, Kursk, North Korea

☆ Trump’s wealthy Cabinet picks will have to divest. But the rules make that a potentially lucrative prospect
▼ + stars: | 2024-11-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

Federal ethics laws require those senior government jobs in the Cabinet and beyond to divest their individual stock holdings, lest anyone be tempted to abuse their position of power to juice their personal investments. “The rule of thumb is, recuse or divest,” said Jordan Libowitz, vice president for communications at Citizens for Responsibility and Ethics in Washington, or CREW. “The more complex your assets are, the harder it can be to divest from them. Although the president isn’t subject to conflict of interest laws, most presidents have adhered to them anyway to avoid any appearance of impropriety. Given Trump’s own disregard for ethics rules, it’s not clear how, or even whether, his Justice Department would enforce the criminal conflict of interest laws that his Cabinet picks are subject to.

Persons: who’s, Nixon, Donald Trump, Howard Lutnick, Linda McMahon, —, ”, Jordan Libowitz, Scott Bessent, haven’t, Bloomberg —, Lutnick, Cantor Fitzgerald, Newmark, it’s, ” Robert Rizzi, isn’t, Trump, disentangle, Rizzi, ” Rizzi, John Paulson, you’re, ” Libowitz, George W, Hank Paulson, Goldman Sachs, he’d, JD Vance, he’s, Libowitz, “, ’ ”, didn’t Organizations: New, New York CNN, Treasury Department, titans, Citizens, Forbes, Bloomberg, Government, Key Square Capital Management, Holland, Knight, Treasury, Bush’s, Wall, Trump Media, Technology, Department, FBI, Trump Locations: New York, Washington, Cantor’s, Washington ,

☆ Despite Ozempic and RFK Jr., Uncrustables and Twinkies believe ‘very strongly that snacking continues’
▼ + stars: | 2024-11-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

But the owner of Twinkies and Uncrustables is predicting that nothing will be able to stop America’s insatiable hunger for snacks. “As it relates to anything in the political domain, we believe very strongly that snacking continues,” J.M. Food companies aren’t betting on Kennedy and the Trump administration to influence their businesses and Americans’ eating habits. Daniel Acker/Bloomberg/Getty ImagesSmucker believes that its food brands’ appeal and Americans’ craving for snacks will outweigh any changes Kennedy may bring. The brand includes meals high in protein and fiber that are “intended to be a companion for GLP-1 weight loss medication users and consumers focused on weight management.”

Persons: Robert F, Kennedy Jr, snacking, ”, Mark Smucker, Kennedy’s, Kennedy, Donald Trump, Kennedy “, ” Alexia Howard, Bernstein, General Mills, Kellogg, Kraft Heinz, Trump, ” Marion Nestle, Daniel Acker, Smucker, Biden Organizations: New, New York CNN, “, Health, Human Services Department, Assistance, Pepsi, General, Trump, US Senate, New York University, CNN, Bloomberg, Getty, Research Locations: New York, Smucker, Tiskilwa , Illinois, U.S, Switzerland

☆ FTC opens broad antitrust investigation into Microsoft
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter told Reuters Wednesday. The investigation was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded such complaints last year as it examined the cloud computing market. The FTC has demanded a broad range of detailed information from Microsoft, Bloomberg reported earlier on Wednesday. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Reuters, NBC News, Republican, FTC, Amazon, Google, European Commission, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

☆ CEO says his airline's all-Airbus fleet is a 'better alternative' as rivals struggle with Boeing blues and engine issues
▼ + stars: | 2024-11-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Its CEO told Bloomberg it benefited from engine choices and an all-Airbus fleet. CEO Johan Lundgren spoke to Bloomberg TV on Wednesday as easyJet reported blockbuster earnings. Related VideoThe European budget airline reported a record-breaking summer, with pre-tax profit up by one-third since last year to £610 million ($768.35 million). Earlier this month, Wizz reported its half-year net profit was down 21.3% to 315.2 million euros ($331.4 million). Lundgren told Bloomberg TV the airline had 16 deliveries this financial year rather than the 19 it expected.

Persons: Wizz, easyJet, Johan Lundgren, Lundgren, we've, Pratt & Whitney Organizations: Bloomberg, Airbus, Boeing, Ryanair, Pratt & Whitney, Bloomberg TV, Wizz, Europe's, Alaska Airlines, Pratt &, CFM

☆ FTC reportedly launches antitrust investigation into Microsoft
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTC reportedly launches antitrust investigation into MicrosoftCNBC's Julia Boorstin joins 'Closing Bell Overtime' with a report from Bloomberg that the FTC is launching an antitrust investigation into Microsoft.

Persons: Julia Boorstin Organizations: FTC, Microsoft, Bloomberg

☆ Tesla and BYD are gearing up for another round in China's brutal EV battle
▼ + stars: | 2024-11-27 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

BYD is asking suppliers to cut prices and Tesla is rolling out more discounts. The price war is putting some smaller Chinese players under financial pressure. BYD and Tesla have been playing a game of how-low-can-you-go on EV prices in China for the past year, and they don't seem to be slowing down anytime soon. The rivals are asking suppliers to cut prices and rolling out discounts as they prepare for another round in an ongoing EV battle. Elon Musk's automaker kicked off China's EV price war last April, and is attempting to boost sales as it seeks to deliver a record number of cars this year.

Persons: Tesla, Li Yunfei, Aly, BYD, Elon Organizations: Bloomberg, Weibo, Tesla, REUTERS, Elon Musk's, Business Locations: China, Shanghai

☆ Microsoft faces wide-ranging U.S. antitrust probe
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft , including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded complaints about Microsoft last year as it examined the cloud computing market. Until now, Microsoft has been somewhat of an exception to U.S. antitrust regulators' recent campaign against allegedly anticompetitive practices at Big Tech companies. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Republican, FTC, Amazon, Google, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

☆ 5 of the top business schools enrolled fewer minorities in the year since affirmative action was overturned
▼ + stars: | 2024-11-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Five of the most prestigious business schools in the US enrolled fewer underrepresented minority students this year, according to demographic data released since the Supreme Court overturned affirmative action last summer. Of those 15, six saw a notable increase in the number of underrepresented minority students represented in their matriculating 2024 classes, Bloomberg found. 7-ranked Wharton saw its share of underrepresented minorities dip 2% with this year's cohort, while No. MIT Sloan's share of underrepresented minority students in this year's entering class fell 5.7% from the Class of 2025's 14.2 minority makeup. AdvertisementFor example, Duke's Fuqua School of Business and UC Berkeley's Haas School of Business both reported an 8.2% increase in the share of underrepresented minorities enrolled this year.

Persons: —, Bloomberg, Wharton, Kellogg's, Kellogg, MIT Sloan's, Duke's Organizations: Bloomberg, Pacific Islander, Harvard Business School, The University, Pennsylvania's Wharton School, Stanford Graduate School of Business, Northwestern's Kellogg School of Management, MIT Sloan School of Management, Harvard, Kellogg School of Management, MIT, Duke's Fuqua School of Business, UC Berkeley's Haas School of Business

☆ Analysis: Tariff-happy presidents are not what the Constitution envisioned
▼ + stars: | 2024-11-27 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

The tariffs might also violate the very trade agreement Trump negotiated with Mexico and Canada during his first term. This is not what the Constitution envisionedAfter all, the Constitution specifically gives Congress, not the president, the power to “regulate Commerce with foreign Nations.”How does Trump have the power to impose tariffs without any input from Congress? It’s pretty much the opposite of what’s in the Constitution, and it didn’t happen right away. In 1934, they passed the Reciprocal Trade Agreements Act, which gave the president power to lower import duties for countries with which the US had trade agreements. In the 1970s, Congress gave the president new trade promotion authority power to negotiate trade agreements and then have Congress ratify them without amendment.

Persons: CNN —, Donald Trump’s, Trump, Doug Irwin, ” Smoot, Hawley, Sen, Reed Smoot, Willis Hawley, Smoot, Franklin D, Roosevelt, Irwin, it’s, Barack Obama, Joe Biden, Trump’s, Qilai Shen, ” Irwin, ’ Trump’s, CNN’s Priscilla Alvarez, ”, Alvarez, Claudia Sheinbaum, “ Organizations: CNN, Trump, Nations, Dartmouth College, Democratic, Trump’s Commerce Department, GOP, Congress, Workers, Bloomberg, Getty Locations: Canada, Mexico, China, what’s, Utah, Willis Hawley of Oregon, Europe, Pacific, Shanghai

☆ FTC opens wide-ranging antitrust probe into Microsoft
▼ + stars: | 2024-11-27 | by ( Elisabeth Buchwald | Clare Duffy | ) edition.cnn.com time to read: +2 min

The FTC, in a letter sent to Microsoft, demanded that it hand over information to assist in the agency’s investigation, a source familiar with the matter told CNN. The FTC and Microsoft declined to comment. Microsoft also battled FTC resistance to its $69 billion acquisition of video game publisher Activision Blizzard, which closed in October 2023. The agency had argued the merger would give Microsoft a monopoly in video game publishing, which the company denied. Trump’s reelection has raised questions about how his administration will handle ongoing antitrust cases against tech giants, including Apple and Amazon.

Persons: Microsoft’s, Donald Trump, Trump, Lina Khan, Khan, hasn’t Organizations: New, New York CNN, Microsoft, Federal Trade Commission, FTC, CNN, Bloomberg, Activision Blizzard, Apple, Google, Justice Department Locations: New York, OpenAI

☆ Trump’s national security adviser pick is weighing proposals to end the Russia-Ukraine war
▼ + stars: | 2024-11-27 | by ( Natasha Bertrand | Zachary Cohen | ) edition.cnn.com time to read: +7 min

Trump administration officials are also expected to push for European allies and NATO to take on more of the cost-sharing burden for supporting Ukraine. He also vowed to end the war, sometimes even claiming he would stop the years-long conflict before taking office. Keith has led a distinguished Military and Business career, including serving in highly sensitive National Security roles in my first Administration. Ukraine was among a range of issues Waltz discussed with Biden’s national security adviser Jake Sullivan during a meeting last week. Shannon Stapleton/ReutersZelensky, who met with Trump in New York in September, told reporters in Budapest that “I believe that President Trump really wants a quick decision” to end the war.

Persons: Donald Trump’s, Mike Waltz, Keith Kellogg, Trump, ” Waltz, Fox, Riccardo Savi, Kamala Harris, Kellogg, “, Keith, ” Trump, Germany Ric Grenell, Grenell, ”, Biden, Jake Sullivan, ‘, Volodymyr Zelensky, ” Zelensky, Donald Trump, Shannon Stapleton, Reuters Zelensky, Sebastian Gorka, Vladimir Putin, ” Gorka, Zelensky Organizations: CNN, Trump, NATO, ”, Sheraton New York Times, Getty, Russia, Military, Business, Bloomberg, Republican, Ukraine's, Reuters, Ukraine, ” Trump, Times Radio, Patriot Locations: Russia, Ukraine, New York City, Moscow, Germany, Crimea, Budapest, U.S, New York, Russian

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