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☆ U.S. announces new export controls on China’s chip industry
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves. Chinese companies facing new restrictions include nearly two dozen semiconductor companies, two investment companies and over 100 chipmaking tool makers. The companies include Swaysure Technology Co., Si’En Qingdao and Shenzhen Pensun Technology Co., which work with China’s Huawei Technologies. The telecommunications equipment leader has been hobbled by U.S. sanctions and is now at the center of China’s advanced chip production and development. However, it remains years behind chip industry leaders like Nvidia in AI chips and chip equipment maker ASML in the Netherlands.

Persons: Beijing’s, Biden, Donald Trump, Gina Raimondo, ”, Lam, Lin Jian, JAC, China’s, ASML Organizations: Monday, Naura Technology, ACM Research, SiCarrier Technology, ” Reuters, Lam Research, ASM International ., Swaysure Technology, Si’En, Shenzhen Pensun Technology, China’s Huawei Technologies, Semiconductor Manufacturing, Co, Capital, Wingtech Technology, JAC Capital, ”, U.S Locations: States, China, U.S, Singapore, Malaysia, Si’En Qingdao, Shenzhen, Netherlands, United States, Israel, South Korea, Taiwan, Japan

Ties to Fox Lobbyist Scott Bessent Potential role Treasury secretary Role infirst term — Billionare Yes Major donor Yes Events atMar-a-Lago — AttendedN.Y. trial — Ties to Proj. 2025 or AFPI Yes Tiesto Fox Yes Lobbyist — Robert F. Kennedy Jr. Potential role Health and human services secretary Role infirst term — Billionare — Major donor — Events atMar-a-Lago — AttendedN.Y. trial — Ties to Proj. 2025 or AFPI — Tiesto Fox Yes Lobbyist — Dave Weldon Potential role C.D.C. administrator Role infirst term — Billionare — Major donor — Events atMar-a-Lago Yes AttendedN.Y. trial — Ties to Proj.

Persons: Donald J, Trump, —, alma, Trump’s, Scott Bessent Howard Lutnick Elon, Vivek Ramaswamy Steven Witkoff Mr, Scott Bessent, George Soros, Howard Lutnick, Bessent, Lutnick, Elon Musk, Vivek Ramaswamy, Scott Bessent Charles Kushner Howard Lutnick Linda McMahon Elon Musk John Phelan Steven Witkoff Chris Wright, Chris Wright, Linda McMahon, McMahon, John Phelan, Mr, Amy, Steven Witkoff, Charles Kushner, Doug Collins Sebastian Gorka Thomas Homan Linda McMahon Kristi Noem Vivek Ramaswamy Brooke Rollins Marco Rubio Elise Stefanik Michael Waltz Matthew Whitaker Lee Zeldin, Lago, MAGA, Todd Blanche Pam Bondi Doug Burgum Steven Cheung Sebastian Gorka Karoline Leavitt Kash Patel Vivek Ramaswamy Dan Scavino JD Vance Michael Waltz Matthew Whitaker Susie Wiles Mr, Todd Blanche, Susie Wiles, JD Vance, Doug Burgum, Pam Bondi A.F.P.I, James Braid, Brendan Carr, Doug Collins A.F.P.I, Kevin Hassett A.F.P.I, Pete Hoekstra, Homan, Keith Kellogg A.F.P.I, Karoline Leavitt, Linda McMahon A.F.P.I, Kash Patel A.F.P.I, John Ratcliffe, Brooke Rollins A.F.P.I, Scott Turner A.F.P.I, Russell T, Matthew Whitaker A.F.P.I, Lee Zeldin A.F.P.I, Sean Duffy Tulsi Gabbard Sebastian Gorka Pete Hegseth Thomas Homan Mike Huckabee Keith Kellogg Martin, Makary Janette Nesheiwat Vivek Ramaswamy Michael Waltz, Pete Hegseth, “, Hegseth’s, Rachel Campos, Duffy, Sean Duffy, Mike Huckabee, Ramaswamy, Wright, Pam Bondi James Braid Doug Collins Sean Duffy Pete Hoekstra Bill McGinley Matthew Whitaker Susie Wiles Alex Wong, Washington —, Wiles, Pam Bondi, Pam Bondi James Braid Brendan Carr Steven Cheung Sebastian Gorka Jamieson Greer Vince Haley Kevin Hassett Pete Hoekstra Thomas Homan Mike Huckabee Keith Kellogg Alex Latcham Karoline Leavitt Bill McGinley Linda McMahon Stephen Miller Elon Musk Mehmet Oz Kash Patel John Ratcliffe Brooke Rollins Dan Scavino Scott Turner Russell T, Matthew Whitaker Steven Witkoff Alex Wong, Thomas Homan, Witkoff, Huckabee, Scott Bessent Jay Bhattacharya James Blair Todd Blanche Pam Bondi Massad, James Braid Taylor, Doug Burgum Brendan Carr Lori Chavez, Steven Cheung Doug Collins Sean Duffy Tulsi Gabbard Sergio Gor Sebastian Gorka Jamieson Greer Vince Haley Kevin Hassett Pete Hegseth Pete Hoekstra Thomas Homan Mike Huckabee Keith Kellogg Robert F, Kennedy Jr, Charles Kushner Alex Latcham Karoline Leavitt Howard Lutnick Martin, Makary Bill McGinley Linda McMahon Stephen Miller Elon Musk Janette Nesheiwat Kristi Noem Jim O’Neill Mehmet Oz Kash Patel John Phelan Matt Brasseaux Vivek Ramaswamy John Ratcliffe Brooke Rollins Marco Rubio D, John Sauer Dan Scavino Will Scharf Elise Stefanik Scott Turner JD Vance Russell T, Michael Waltz Dave Weldon Matthew Whitaker Susie Wiles Steven Witkoff Alex Wong Chris Wright Lee Zeldin, Scott, — Jay Bhattacharya, — James Blair, White, — Todd Blanche, — Pam Bondi, John F, Massad, — James Braid, Billionare, Taylor, — Doug Burgum, — Brendan Carr, — Lori Chavez, — Steven Cheung, — Doug Collins, Tulsi, — Sergio Gor, — Sebastian Gorka, — Jamieson Greer, — Vince Haley, Billionare —, — Kevin Hassett, — Pete Hegseth, — Pete Hoekstra, — Mike Huckabee, — Keith Kellogg, — Robert F, — Charles Kushner, — Alex Latcham, — Karoline Leavitt, — Howard, — Martin, — Bill McGinley, — Stephen Miller, — Elon, — Janette Nesheiwat, — Kristi Noem, — Jim O’Neill, — Mehmet Oz, — Kash Patel, — John Phelan, — Matt Brasseaux, — Vivek Ramaswamy, — John Ratcliffe, — Brooke Rollins, — Marco Rubio, John Sauer, — Dan Scavino, — Will Scharf, — Elise Stefanik, — Scott Turner, Vance, — Russell T, — Michael Waltz, — Dave Weldon, — Matthew Whitaker, — Alex Wong, — Lee Organizations: Fox News, Mar, America, Fox, Trump’s New, White House, — Harvard, Yale, Princeton, Wall, of Government, Trump, Energy Department, Education Department, PAC, The, White, Republican, Policy Institute, Heritage Foundation, Heritage, “ Fox, Friends, Fox Business, Fox Nation, Mr, Management, . Immigration, Small Business Administration, National Institutes of Health, Kennedy Center, Performing Arts, National Economic, of Economic, Customs, Great, Economic, North Korea Billionare, Energy Locations: Mar, Philadelphia, France, New York, Manhattan, Israel, Washington, Florida, M.A.L ., Canada, Netherlands, Ukraine, Russia

Andrew Carnegie’s 1902 mansion on Fifth Avenue, a Georgian homage on an immense, Gilded-Age scale, is currently the home of a more modest domestic scene: the bass-baritone Davóne Tines’s childhood living room. As part of the Cooper Hewitt, Smithsonian Design Museum’s triennial exhibition, “Making Home,” Tines has worked with the director Zack Winokur and the artist Hugh Hayden to create “Living Room, Orlean, Virginia,” an uncanny, poignant replica of the house of Tines’s grandparents, who raised him.

Persons: Andrew Carnegie’s, Davóne, Cooper Hewitt, ” Tines, Zack Winokur, Hugh Hayden, ” Organizations: Smithsonian Design Locations: Orlean , Virginia

☆ One City’s Approach to Tackling Domestic Violence
▼ + stars: | 2024-12-03 | by ( Edgar Sandoval | ) www.nytimes.com time to read: +1 min

On a sweltering July night, Jesse Falcon was so high on cocaine, marijuana and alcohol that he would later say that he barely remembered the explosion of violence that happened. Convinced that his girlfriend was pursuing another man at a social gathering at their apartment complex in San Antonio, he began attacking the man. Cases like Mr. Falcon’s are troublingly familiar to court officials in San Antonio, which has long been plagued with a high rate of domestic violence. “They leave jail angrier and more resentful, and the trauma continues,” said Rosie Speedlin Gonzalez, a family violence judge in the city. A court run by Judge Gonzalez is trying a different approach: providing the abusers with a chance to change.

Persons: Jesse Falcon, Falcon, ”, Falcon’s, Rosie Speedlin Gonzalez, Judge Gonzalez Locations: San Antonio

☆ China's AI balancing act — beating the U.S. but keeping the tech from threatening Beijing's rule
▼ + stars: | 2024-12-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

"I think of this battle, this geopolitical battle to build AGI first as a 'hopium war'," Tegmark told CNBC in an interview last month. " And that means that the AGI race is not an arms race, it's a suicide race," Tegmark said. When it comes to AGI, China is likely to pursue a similar approach, according to analysts. Similar predictions were made about the internet, they all proved to be false," Kendra Schaefer, a partner at consultancy Trivium China," told CNBC. watch now"With AI, China hopes to shift the balance of power around the globe, like creating a new export model.

Persons: Max Tegmark, Sam Altman, Tegmark, Elon Musk, it's, Musk, China's, Tesla, Kendra Schaefer, Abishur Prakash, Prakash Organizations: Istock, Getty, Communist Party, CNBC, U.S, Life Institute, Huawei, Trivium China, Nvidia Locations: China, U.S, AGI, Toronto

☆ Florida woman who zipped boyfriend into suitcase sentenced to life in his murder
▼ + stars: | 2024-12-02 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

A Florida woman was sentenced Monday to life in prison for zipping her boyfriend into a suitcase and leaving him to die of suffocation amid a history of domestic and alcohol abuse. Circuit Judge Michael Kraynick imposed the sentence in Orlando on Sarah Boone, 47, for the 2020 killing of 42-year-old Jorge Torres. A jury deliberated only 90 minutes Oct. 25 before convicting Boone of the second-degree murder of Jorge Torres after a 10-day trial. When she woke up the next morning, she didn’t find Torres but then remembered he was in the suitcase. During her trial, Boone testified that past violent incidents between her and Torres caused her to perceive a threat of imminent harm and that she acted in self-defense by keeping him in the suitcase.

Persons: Michael Kraynick, Sarah Boone, Jorge Torres, convicting Boone, Boone, Torres, Torres ’, “ Sarah, ”, Victoria Torres, “, Jorge, didn’t, William Jay, ” Boone Organizations: Orange County Sheriff’s Locations: Florida, Orlando, Orange, , Florida

☆ The war on woke: How a gay rights index once touted by Walmart and others became a conservative target
▼ + stars: | 2024-12-02 | by ( Alex Harring | Brandon Gomez | ) www.nbcnews.com time to read: +16 min

As June’s Pride Month festivities were nearing a conclusion, Tractor Supply released a statement that put LGBTQ+ rights proponents on alert. With that move, Tractor Supply became the first domino to fall as companies began pulling out of the Corporate Equality Index. For Tractor Supply and some others, it marked a staunch turn in policy. For former Tractor Supply customer Ashe Taylor-Austin, the retailer’s announcement pushed them to look elsewhere when purchasing supplies for their horse. “When we got the news about Tractor Supply, I immediately started shopping around,” said Taylor-Austin, who switched to buying from a small business.

Persons: Lowe’s, —, Robby Starbuck, Starbuck, Molson Coors, ” Dave Osswald, George Floyd’s, ”, Kenji Yoshino, Jack Daniel’s, Brown, Forman, Forbes ’, Ford, “ Ford, ” Meeta Huggins, Ford’s, “, Donna Morris, Davidson, Stephanie Creary, Creary, ” Creary, NYU’s Yoshino, Yoshino, ” “, ” Yoshino, Adina Sterling, Sterling, ” Sterling, ” Starbuck, doesn’t, you’ve, It’s, Kelley Robinson, ” Robinson, Stephanie Mahnke, ” Mahnke, Mahnke, Ashe Taylor, Taylor, Austin Organizations: Tractor, Tractor Supply, Ford, Walmart, HRC, CNBC, Human, Molson, MillerCoors, Ford Motor, New York University, Companies, Forbes, Employers, Diversity, Harley, Toyota, Business, University of Pennsylvania’s Wharton School, Harvard University, University of North, Columbia Business School, Supply, Trump, LGBT Capital, “, NAACP, Fortune, Chamber, Tennessee Pride Chamber, Tennessee Pride, former Tractor Supply Locations: U.S, Detroit, Arkansas, University of North Carolina, America, Mexico, Spain, Tennessee

☆ Democratic senators urge Biden to try to limit Trump’s ability to use the U.S. military domestically
▼ + stars: | 2024-12-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +5 min

Two Democratic senators are urging the Biden administration to issue a policy directive that could temporarily limit President-elect Donald Trump's ability to deploy U.S. military troops domestically after he takes office. “We write to urge you to issue a policy directive that prohibits the mobilization of active duty military or federalizing National Guard personnel to be deployed against their fellow Americans unless specifically authorized,” they wrote. After he takes office on Jan. 20, Trump could issue his own policy directive that would reverse the directive issued by Biden. Warren and Blumenthal, whose offices said the letter speaks for itself, apparently hope that publicly highlighting the issue might deter Trump. It allows the president to deploy military troops in cases of insurrection, rebellion or extreme civil unrest.

Persons: Biden, Donald Trump's, Elizabeth Warren, Richard Blumenthal, Conn, Joe Biden, Lloyd Austin, “, ”, Trump, Warren, Blumenthal, ” Sen, Tom Williams, Joseph Nunn, ” Nunn, Sen, Win McNamee, ” Warren, Trump’s Organizations: Democratic, Armed Services Committee, Defense, federalizing National Guard personnel, Trump, Fox News, National Guard, Housing, Urban Affairs Committee, Getty, Constitution, U.S, Liberty and National Security, Brennan Center for Justice, NYU Law, White, Federal Locations: Sens, U.S, Washington

☆ Intel CEO Pat Gelsinger resigns after a disastrous tenure
▼ + stars: | 2024-12-02 | by ( Clare Duffy | David Goldman | ) edition.cnn.com time to read: +1 min

CNN —Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals. Gelsinger took over as Intel’s chief executive in February 2021, returning to the company at which he had spent decades of work, including as chief technology officer. He had left Intel for a stint as CEO of software giant VMWare. At Intel, Gelsinger was tasked with turning around the iconic American tech giant that was struggling against unprecedented competition, production delays and the departure of top talent.

Persons: Pat Gelsinger, Gelsinger Organizations: CNN, Intel, VMWare

☆ European markets expected to start December trading in flat to lower territory
▼ + stars: | 2024-12-02 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to kickstart the final month of trading this year in flat to lower territory Monday. The U.K.'s FTSE 100 index is expected to open 2 points lower at 8,285, Germany's DAX down 19 points at 19,606, France's CAC down 41 points at 7,188 and Italy's FTSE MIB down 167 points at 33,275, according to data from IG. Data releases include European manufacturing purchasing manager's index figures and Italian gross domestic product. Over the weekend, China released its official purchasing managers' index reading for November, which came in at the highest level since April. On Monday, speeches are due from Federal Reserve Governor Christopher Waller and New York Fed President John Williams.

Persons: Germany's DAX, Donald Trump's, Christopher Waller, John Williams Organizations: France's CAC, IG, U.S, Federal Reserve, New York Fed Locations: Asia, Pacific, China

☆ Stellantis and Samsung Will Get $7 Billion to Build Battery Factories
▼ + stars: | 2024-12-02 | by ( Jack Ewing | ) www.nytimes.com time to read: +1 min

The Biden administration expanded its efforts to lock in its climate policies on Monday, saying that it would lend almost $7 billion to help build battery factories in Indiana to supply vehicles made by Stellantis, the owner of Jeep, Chrysler, Dodge and Ram. The financing, which was the second multibillion-dollar loan related to electric-vehicle manufacturing in a week, is part of the administration’s efforts to create domestic supplies of batteries. President-elect Donald J. Trump has vowed to reverse Biden administration policies aimed at promoting electric-vehicle manufacturing. Last week, the Department of Energy said it would lend $6 billion to help Rivian build an electric-car factory in Georgia. Rivian, a relatively new company that makes only electric vehicles, plans to produce sport utility vehicles and hatchbacks at the factory, in Social Circle, near Atlanta.

Persons: Biden, Stellantis, Ram, Donald J, Trump Organizations: Chrysler, Dodge, Transportation, Department of Energy Locations: Indiana, United States, Georgia, Atlanta

☆ Spirit and Frontier employees earn bonuses for cracking down on carry-on bag rules and selling seat upgrades. Here's how the incentives work.
▼ + stars: | 2024-12-02 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

AdvertisementA Senate report found that Frontier and Spirit paid staff $26 million for fees they charged to passengers for bags and seats. A Senate subcommittee report published on Tuesday revealed publicly for the first time how budget carriers Frontier and Spirit incentivized staff to charge passengers extra fees. Frontier and Spirit employees were ineligible for the bonuses, however, if customer experience ratings declined or the airlines received a certain number of complaints. Questions over whether the programs encourage abuseCarry-on bags are not included in basic fares for Frontier or Spirit. "We respectfully disagree with numerous statements and conclusions contained in the report," Spirit told BI.

Persons: Eric Glenn, Shutterstock Organizations: Spirit, Frontier, Business, Department of Transportation

☆ 'Moana 2' set a Thanksgiving box office record. Here's how its success compares to other blockbusters.
▼ + stars: | 2024-12-02 | by ( Amanda Goh | ) www.businessinsider.com time to read: +2 min

AdvertisementDisney's "Moana 2" set a new five-day Thanksgiving box office record with $221 million in sales. "Moana 2," "Wicked," and "Gladiator II" contributed to the $420 million in box office sales over Thanksgiving. "Moana 2" made a big splash at the box office over Thanksgiving weekend. AdvertisementThe film broke the five-day Thanksgiving box office record, surpassing the $125 million record set by "Frozen II" in 2019. The Thanksgiving box office weekend has also seen the continued success of "Wicked" and "Gladiator II" — both of which were released on November 22.

Persons: Ariana Grande, Cynthia Erivo —, Paul Mescal, Denzel Washington, Pedro Pascal — Organizations: Disney, Mojo, NBC, Nielsen, Business Locations: Comscore

☆ HSBC economist says he prefers countries with a strong domestic market in light of tariff risks
▼ + stars: | 2024-12-02 | 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 EmailHSBC economist says he prefers countries with a strong domestic market in light of tariff risksFrederic Neumann, chief Asia economist and co-head of global research for Asia at HSBC, says he favors countries with a strong domestic economy and limited external trade exposure in the near term, given the uncertainty of how the incoming Trump administration will implement tariffs.

Persons: Frederic Neumann, Trump Organizations: HSBC Locations: Asia

☆ 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

Calpak, Samsonite, Travelpro, American Tourister, and other top retailers are offering deals on some of the best luggage and best carry-ons our travel editors have tested. View at Travelpro What we like Check mark icon A check mark. Lots of pockets and features that make packing easierCheck mark icon A check mark. View at Away What we like Check mark icon A check mark. View at CalpakBest Cyber Monday deals on checked luggageWe've pulled deals from our favorite luggage brands in our guide to the best luggage.

Persons: we've, Riley, sitewide Carl Friedrik, Pick, let's, they're, we're, It's, Kaya, Calpak Calpak Luka, Luka Duffel Organizations: Business, Briggs, Dover, TSA, Delsey, Disney, Star Wars, Metro, Calpak Calpak, Calpak Calpak Luka Duffel, Prime Locations: Delsey Chatelet, Chatelet, Calpak

☆ An Indian automaker just unveiled 2 EVs priced around $25,000. Analysts say buy the stock
▼ + stars: | 2024-12-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Mahindra & Mahindra , one of India's largest automakers, last week unveiled two new electric vehicles priced around $25,000, challenging both domestic and international rivals in the growing Indian EV market. The Wall Street bank has a buy rating on Mahindra's stock, with a price target of 3,520.00 Indian rupees ($41), which points to 18% upside potential. MAHM-IN 1Y line Mahindra & Mahindra said the vehicles will have a range of up to 682 kilometers (424 miles) with the larger battery option. He has a price target of 3,420 rupees on the stock, which represents 15% upside and is also the median price target of all analysts covering the stock. Tata Motors , another large automaker, currently dominates India's small EV market, with about 70% market share.

Persons: Arvind Sharma, Citi's Sharma, Tesla, Motilal Oswal, Aniket Mhatre, Mhatre, Motilal, Kapil Singh Organizations: Mahindra, EV, Electric, Bank of America, National Stock Exchange, Motilal Oswal, Investment, Tata Motors, Korea's Hyundai Motors Locations: Chennai, India, China, U.S, Germany

☆ China bonds rally with 10-year yield hitting a multi-decade low on rate cut expectations
▼ + stars: | 2024-12-02 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

China bonds rallied Monday with the 10-year yield dropping below the key psychological level of 2% to hit a multi-decade low, amid expectations that Beijing could expand its stimulus measures to shore up the economy. Yields on China's 10-year government bond, which move inversely to prices, fell to 1.9636% on Monday, data from LSEG showed, marking its lowest level in 22 years. 30-year bond yields dropped to 2.164%. "The resistance for further downside [on bond yields] may increase due to higher government bond issuance and upcoming major meetings," OCBC's Xie noted. China's 10-year yield remains far lower than the U.S. 10-year Treasury yield of over 4%.

Persons: Tommy Xie, Edmund Goh, Goh, Pan Gongsheng, OCBC's Xie, Xie, Eugene Hsiao Organizations: OCBC Bank, People's Bank of China, CNBC, Communist Party, Macquarie Locations: China, Beijing, LSEG, Asia, U.S

☆ Goldman recommends these three steel stocks on Trump's potential favorable trade policies
▼ + stars: | 2024-12-02 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

President-elect Donald Trump's trade policies could spell good news for the U.S. steel industry, according to Goldman Sachs. Heading into next year, analyst Mike Harris initiated coverage on steel producers Nucor , Commercial Metals Company and Cleveland-Cliffs with buy ratings. For Cleveland-Cliffs, he anticipates about 3% annual volume growth and 1% annual pricing growth, seeing a 47% compound annual growth rate over the next two years. While shares of Nucor were flat in the premarket following the move, Commercial Metals and Cleveland-Cliffs were around 1% higher. This year, Commercial Metals has been solidly in the green, with shares rising more than 23% year to date.

Persons: Donald Trump's, Goldman Sachs, Mike Harris, Trump, Harris Organizations: Commercial Metals Company, Metals, Commercial Metals Locations: Cleveland, U.S, Canada, Mexico, China, Russia, Brazil, India, Nucor

☆ Negotiate on the budget or we'll bring you down, France's far right tells government
▼ + stars: | 2024-12-02 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

President of Rassemblement National parliamentary group Marine Le Pen (L) speaks to French far-right Rassemblement National (National Rally) RN party's President and lead MEP Jordan Bardella during the French far-right Rassemblement National (National Rally) RN party's parliamentary seminar at the French National Assembly in Paris on September 14, 2024. Erlend Robaye | Erroba | Getty ImagesIf France's political turmoil comes to a head and Barnier's government is toppled, it's uncertain what could happen next. French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. "If the new and still very much minority government reaches agreement with National Rally and passes the 2025 budget, then it will produce some relief in markets ... "With the end of ultra-low interest rates, France's debt servicing costs are projected by the ECB to rise above 4% by 2034, which would cause a major and persistent debt crisis.

Persons: Jordan Bardella, Ludovic Marin, Michel Barnier, Barnier, Le Pen, Bardella, Erlend, Emmanuel Macron, Alain Jocard, Holger Schmieding, Le, Mike Gallagher, Storm Caetano Organizations: Rassemblement National, National, French National Assembly, Afp, Getty, Marine, Front, National Assembly, Agence France, Presse, RTL, Reuters, Erroba, EU, French, Berenberg Bank, Continuum Economics, ECB, Chatelet Locations: Paris, France's, France, Chatelet Les Halles

☆ China is studying sanctions on Russia to figure out how to handle them if it invades Taiwan, report says
▼ + stars: | 2024-12-02 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

AdvertisementChina is studying the effects of Western sanctions on Russia to prepare for any invasion of Taiwan. China is closely monitoring the effects of Western sanctions on Russia in order to prepare for a possible invasion of Taiwan, The Wall Street Journal reported, citing people familiar with the matter. Alexander Gabuev, the director of the Carnegie Russia Eurasia Center, told the Journal that Russia is serving as a "sandbox" for China for how sanctions operate and how they should handle them. AdvertisementEven so, Russia's economy has been heavily impacted by the ongoing conflict and the Western sanctions imposed on it. Advertisement"Essentially, the experience of the last three years substantially reduced the fear of large authoritarian states with respect to Western sanctions, and this is very concerning," he said, adding that China-Russia economic cooperation would make any future Western sanctions against China less effective.

Persons: Alexander Gabuev, Alexander Libman, Libman Organizations: Street Journal, Carnegie Russia Eurasia Center, Free University of Berlin Locations: China, Russia, Taiwan, Ukraine, Moscow, Beijing, India, Turkey, USSR

☆ Roth MKM upgrades Tesla, citing Musk's support for Trump boosting brand enthusiasm
▼ + stars: | 2024-12-02 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Analyst Craig Irwin upgraded Tesla shares to buy and increased his price target on the stock to $380 from $85. Tesla shares are up roughly 42% year to date, marking a massive turnaround since President-elect Donald Trump won the U.S. presidential election and strengthened his ties with Tesla CEO Elon Musk . "Musk's authentic support for Trump likely doubled Tesla's pool of enthusiasts and lifted credibility for a demand inflection. He believes Tesla's domestic EV market share could rise back above 50% in the near term. The company's market share had fallen to 48.2% in the third quarter, he said.

Persons: Tesla, Roth MKM, Craig Irwin, Donald Trump, Elon Musk, Trump, Irwin, Telsa, Joe Biden, Roth, FactSet Organizations: U.S, Trump, Tesla, EV

A week of major movie releases has propelled this holiday stretch to the highest-grossing Thanksgiving weekend ever at the box office. First, viewers packed theaters to sing with the witches of Oz and watch a vengeful gladiator face the horrors of the ancient Roman Colosseum. Then, they returned to the big screen to follow Moana’s treacherous seafaring journey. Grossing $221 million across North America since its Wednesday release, “Moana 2” has shattered box office records with the biggest five-day opening of all time — including the biggest Thanksgiving debut ever. Disney Entertainment Co-Chairman Alan Bergman said in a statement that the film has “far surpassed our high expectations this weekend and is a testament to the phenomenon that ‘Moana’ has become.”Universal’s “Wicked” and Paramount’s “Gladiator II” continued to rake in revenue throughout Thanksgiving weekend, with “Wicked” grossing an estimated $117.5 million and “Gladiator II” getting $44 million in domestic earnings over the five-day period.

Persons: Oz, Mario, Moana, Alan Bergman, Paramount’s, ” Organizations: North, “, Mario Bros, Disney Entertainment Locations: North America, Polynesia, Moana

☆ Meet the Press – December 1, 2024
▼ + stars: | 2024-12-01 | by ( ) www.nbcnews.com time to read: +56 min

ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is Meet the Press with Kristen Welker. He credited President-elect Trump with this ceasefire, Jake, saying, quote, "Everyone is coming to the table because of President Trump." The second dynamic to watch is, Kash Patel is on the record for the retribution agenda that Donald Trump ran on. I will never forget when you asked former President Trump – President-elect Trump and President Biden during that last presidential debate in 2020 about 545 children who were still separated from their parents. And before we go, the newest member of the Meet the Press family, Frankie Alice Katz was born at 12:23 a.m. on Wednesday.

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☆ Volkswagen workers prepare to strike across Germany
▼ + stars: | 2024-12-01 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Tens of thousands of Volkswagen workers will participate Monday in strikes at plants across Germany, labor union IG Metall said, marking the largest walkouts at the carmaker’s domestic operations since 2018. “If necessary, this will become the toughest wage dispute Volkswagen has ever seen,” IG Metall’s chief negotiator Thorsten Groeger said in a statement Sunday. The walkouts will be the first large-scale strikes that Volkswagen has faced since 2018, according to IG Metall, when 50,000 workers idled plants over pay. Indefinite strikes could also be called as a last resort, but only after members have been consulted again, IG Metall said. Volkswagen has said it may need to close plants in Germany for the first time in its 87-year history.

Persons: Metall, IG, Thorsten Groeger, ”, IG Metall Organizations: London CNN, Volkswagen, VW, IG Metall’s, IG Metall Locations: Germany, China

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