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President Joe Biden on Tuesday sought to reassure the public on drones in East Coast states, saying there was nothing alarming about the increased reports of unmanned aircraft sightings. “Nothing nefarious, apparently," Biden told reporters at the White House. Still, the numerous sightings have sparked demands for more information across the political spectrum, including President-elect Donald Trump and Democratic Gov. Kathy Hochul of New York and members of Congress amid conspiracy theories and rising public concern tied to the sightings. Obtained by NBC NewsMembers of the House Intelligence Committee received a closed-door briefing Tuesday afternoon on the drone sightings from intelligence officials.

Persons: Joe Biden, Biden, Biden’s, —, Donald Trump, Kathy Hochul, Jim Himes, Conn, NBC’s, John Kirby Organizations: White, Democratic Gov, Federal Aviation Administration, Department of Homeland Security, FAA, Defense Department, FBI, NBC, House Intelligence, Rep, National Security Locations: East Coast, New York, Randolph, N.J, U.S

President-elect Donald Trump on Tuesday named Herschel Walker, who unsuccessfully ran for a Georgia Senate seat in 2022, as his pick for U.S. ambassador to the Bahamas. “Herschel has spent decades serving as an Ambassador to our Nation’s youth, our men and women in the Military, and athletes at home and abroad,” Trump wrote on his social media platform TruthSocial. NBC News reported in 2022 that financial troubles, micromanaging and Walker’s evasiveness about his past all contributed to problems during his candidacy. Walker, who campaigned with Trump during the 2024 presidential race, must be confirmed by a simple majority in the Senate for the ambassador post. Trump has named nearly all of his Cabinet picks, with a handful drawing scrutiny from some Republicans in the Senate.

Persons: Donald Trump, Herschel Walker, “ Herschel, ” Trump, Walker, Democratic Sen, Raphael Warnock, evasiveness, Trump, Walker’s, Charles Kushner, Kimberly Guilfoyle, Tom Barrack Organizations: Georgia Senate, U.S, University of Georgia, NFL, Republican, Democratic, NBC News, Trump, Senate Locations: Georgia, Bahamas, France, Greece, Turkey

Five members of a Utah family were found dead in their home after a concerned relative checked on the residence, where one survivor was found with a gunshot wound, police said. The dead are a 42-year-old man, a 38-year-old woman, an 11-year-old boy and girls ages 9 and 2, West Valley City police spokesperson Roxeanne Vainuku said. West Valley City police spokesperson Roxeanne Vainuku discusses the investigation after five people were found dead in a home Tuesday. The victims appeared to match what police know about the residence's occupants — a family with two parents and four children ages 2 to 17, Vainuku said. West Valley City, which has a population of 134,470, is about 10 miles southwest of Salt Lake City.

Persons: Roxeanne Vainuku, It's, Vainuku, “, ”, — Organizations: Police, KSL, Facebook Police, West Locations: Utah, West Valley City, Salt Lake City

The Atlanta Falcons will start rookie quarterback Michael Penix Jr. over veteran Kirk Cousins for the rest of the season, the team announced Tuesday. “After review we have made the decision Michael Penix will be the Atlanta Falcons starting quarterback moving forward," head coach Raheem Morris said in a statement. Kirk Cousins of the Atlanta Falcons passes against the Las Vegas Raiders at Allegiant Stadium in Las Vegas on Monday. Atlanta signed Cousins, 36, to a four-year, $180 million contract this offseason with $90 million guaranteed. He has appeared in two games with the Falcons, completing three of five passes for 38 yards.

Persons: Michael Penix Jr, Kirk Cousins, “, Michael Penix, Raheem Morris, Candice Ward, Cousins Organizations: Atlanta Falcons, New York Giants, ”, Las Vegas Raiders, Falcons, NFL, Atlanta, Cousins, Pro, Washington, Carolina Panthers Locations: Atlanta, Las Vegas, Washington and Minnesota, Washington

Indiana plans to carry out its first execution since 2009 before sunrise Wednesday, with much of the process concealed from the public. The Indiana Department of Corrections said Tuesday evening that Corcoran requested Ben & Jerry's ice cream for his last meal. Some death penalty states have had issues obtaining lethal injection drugs, leading to a moratorium on the practice. Of the 27 states that still allow for capital punishment, only Indiana and Wyoming exclude media witnesses, according to the nonprofit Death Penalty Information Center. Seven other inmates remain on Indiana's death row, according to the Death Penalty Information Center.

Persons: Indiana, Joseph Corcoran, Eric, Holcomb, Joe, Joanna Green, Corcoran, Ben, John Lee, Prince, Peace, David Frank, Robert Gevers, Gevers, Kelly Ernst, Ernst, That's, James Corcoran, Robert Scott Turner, Ernst's fiancé, Douglas Stillwell, Timothy Bricker, Kathryn Corcoran, Corcoran's, Mike Braun Organizations: U.S, Supreme, The Indiana Department of Corrections, Joseph Corcoran . Indiana Department of Corrections, AP, District, State Capitol, Indiana Abolition Coalition, South, Associated Press, Republican Locations: U.S, Indiana, , Utah, South Carolina, Idaho, Wyoming, Allen County, Fort Wayne

Michael Vick, one of the most electrifying quarterbacks in NFL history, will become the next head coach at Norfolk State University, according to multiple reports Tuesday. A Newport News, Virginia, native, Vick starred at Virginia Tech and led the Hokies to the BCS National Championship Game in 2000, losing to Florida State. Vick will be the latest former NFL star to become a head coach at a historically Black college or university. Deion Sanders spent two years at Jackson State, compiling a 27-6 record, before he left for Colorado in 2022. Eddie George just completed his fourth season at Tennessee State and led the Tigers to the FCS postseason.

Persons: Michael Vick, Dawson Odums, Vick, Deion Sanders, Eddie George Organizations: Norfolk State University, Virginian, Fox Sports, Newport News, Virginia Tech, Hokies, BCS, Florida State, Heisman, Atlanta Falcons, NFL, Falcons, Philadelphia Eagles, Pro Bowler, Eagles, Jackson State, Colorado, Tennessee State, Tigers, FCS Locations: Newport News , Virginia, Philadelphia

☆ Singapore's traditional floating fish farms are disappearing. Meet the farmers battling costs and climate to keep the trade alive.
▼ + stars: | 2024-12-18 | by ( Amanda Goh | Erin Liam | ) www.businessinsider.com time to read: +11 min

Floating fish farms used to be a common sight along Singapore's coast. But now, their numbers are dwindling: As of October, there were 74 sea-based fish farms left, down from 98 in 2023. Much like street peddlers and traditional villages, the floating fish farms are a part of Singapore's cultural and economic identity that is rapidly disappearing as the city-state evolves past its fishing village origins. Many locals still refer to these floating fish farms as "kelongs," even though they're not quite the same thing, Yeo said. He hopes to have a high-tech fish farm one day — ideally on land, where conditions are less unpredictable.

Persons: Alvin Yeo, Chu Kang, Amanda Goh, —, Yeo, it's, Heng, they're, " Yeo, Kevin Cheong, Cheong, Toh Tai Chong, gesturing, Jerry, James Cook University's, Kwee, Damian Chan, Wong Jing Kai, Ah Hua, Wong Organizations: Singapore Food Agency, SFA, Straits Times, Singapore Management University, National University of Singapore, Farmers, Singapore Aquaculture Locations: Johor, Singapore, Malaysia, Uganda, China, Indonesia, Johor Straits, James Cook University's Singapore, Myanmar

☆ AT&T follows Amazon in cracking down on remote work with 5-days-in-office mandate
▼ + stars: | 2024-12-18 | by ( Dominick Reuter | Tim Paradis | ) www.businessinsider.com time to read: +4 min

AT&T is requiring many office employees to work on-site a full five days a week starting in January. AdvertisementThe Dallas-based telecom giant confirmed to Business Insider that it is requiring all office employees to work on-site five days a week starting in January. The change follows about a year of AT&T accommodating a hybrid schedule in its widely publicized office push. AdvertisementThis week, BI reported that Amazon was delaying its 5-days-in-office mandate for some employees due to workspace shortages at some locations. The RTO push comes as some big-company CEOs say they're frustrated with hybrid work setups.

Persons: John Stankey, Andy Jassy, Korn Ferry, Dominick Organizations: Amazon, Business, Wall Locations: Dallas, Atlanta, Los Angeles, San Ramon , CA, Seattle, St, Louis, Washington ; Middletown , NJ, Bedminster , NJ

☆ Bull market to continue into the first half of 2025: Winthrop Capital Management
▼ + stars: | 2024-12-18 | 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 EmailBull market to continue into the first half of 2025: Winthrop Capital ManagementAdam Coons, co-CIO at Winthrop Capital Management, shares his market outlook for 2025 and explains why he thinks fixed income is still the 'bigger trade'.

Persons: Winthrop Capital Management Adam Coons Organizations: Winthrop Capital Management

☆ When our mom died, my brothers and I spent the $75,000 inheritance on a South African safari. The trip helped us grieve.
▼ + stars: | 2024-12-18 | by ( Beth Graham | ) www.businessinsider.com time to read: +4 min

Beth Graham and her brothers cared for their mother for four years after she had a stroke. After their mom died, the siblings decided to spend the $75,000 inheritance on a trip to South Africa. AdvertisementMy dad died young, at 56, leaving my adventurous, spirited mother a widow. After she died and all of her outstanding expenses were covered, we were left with about $75,000 of inheritance. The end of our trip was bittersweet because we knew our time together honoring her with this trip was coming to an end.

Persons: Beth Graham, I'm, grandkids, Graham Organizations: Kruger, Reserve Locations: South Africa, Florida, unwind, France, Italy, Stellenbosch, New York, Cape Town, Sands

☆ Strategist forecasts earnings slowdown in India will result in 'outsized' market reactions
▼ + stars: | 2024-12-18 | 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 EmailStrategist forecasts earnings slowdown in India will result in 'outsized' market reactionsBoFA Securities' Amish Shah says India's markets are crowded, and remain expensive in the context of emerging markets. He also says India's broader economic outlook remains relatively strong.

Persons: Shah Organizations: Securities Locations: India

☆ Esports is an integral part of Macao culture, says NIP Group Chairman
▼ + stars: | 2024-12-18 | 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 EmailEsports is an integral part of Macao culture, says NIP Group ChairmanMario Ho, Chairman of NIP Group, discusses the role of esports in Macao's efforts to diversify away from the gaming sector.

Persons: Mario Ho Organizations: NIP Group Locations: Macao

☆ CNBC Daily Open: Despite Dow’s nine-day losing streak, we aren’t in dire straits
▼ + stars: | 2024-12-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Almost fifty years ahead, the Dow is mired in nine-day losing streak again. Outside the Dow, the stock market is still cheery. Though it's not as if the stock market is giving investors money for nothing, we still aren't quite in dire straits.

Persons: AVGO NVDA, Dow, it's, Yun Li, Brian Thompson, Trump, David Russell, industrials, Michelle Fox, Fred Imbert, Alex Harring, Adrian van Hauwermeiren, Brian Evans, Samantha Subin Organizations: New York Stock Exchange, NYSE, CNBC, Dow Jones, Dow, Nasdaq

☆ Kioxia shares climb slightly on debut in Tokyo after $800 million IPO
▼ + stars: | 2024-12-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Shares of Japan computer memory manufacturer Kioxia rose 2.69% on its debut in Tokyo after the company raised over just over 120 billion yen ($800 million) in its initial public offering. Kioxia initially offered 71.8 million shares, but later exercised an overallotment option to offer an additional 10.79 million shares, according to a filing in Japanese on Monday. The IPO consisted of Kioxia issuing new shares, as well as a sale of shares from major shareholders Bain Capital and Toshiba. Kioxia revealed that the ratio of shares in the market is only at 28.09%, below the Prime market's requirements of 35%. Kioxia, formerly known as Toshiba Memory, was the chip division of Toshiba, and was sold to a Bain-led consortium in 2018 for $18 billion.

Persons: Kioxia, Bain Organizations: Bain Capital, Toshiba, Reuters, Tokyo Stock Exchange's Locations: Kioxia, Tokyo, Japan

☆ Both Nissan & Honda stand to benefit from potential merger, analyst says
▼ + stars: | 2024-12-18 | 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 EmailBoth Nissan & Honda stand to benefit from potential merger, analyst saysAuto Forecast Solutions' Joseph McCabe discusses the contours of a potential merger deal between Nissan and Honda, and how the global market plays into what's at stake.

Persons: Joseph McCabe Organizations: Nissan, Honda, Solutions, what's

☆ Dollar steady against peers as Fed rate cut looms
▼ + stars: | 2024-12-18 | by ( ) www.cnbc.com time to read: +3 min

The Fed is widely expected to deliver a 25-basis-point interest rate cut at the end of its two-day policy meeting on Wednesday, with markets pricing in a 97% probability, according to the CME's FedWatch tool. Japan's exports rose for a second straight month in November, data showed on Wednesday. Investors further reined in bets on cuts next year after data on Tuesday showed British wage growth picked up more than expected. Elsewhere, the offshore yuan traded at 7.2885 per dollar, not far from a 13-month low touched against the dollar on Tuesday amid dour expectations for Chinese economic growth. The Australian dollar , which tends to act as a liquid proxy for the yuan, dipped 0.17% to $0.6326 against the greenback, its lowest since November 2023.

Persons: Tony Sycamore, Sterling, Bitcoin Organizations: U.S, Federal Reserve, Bank of Japan, IG, Trump, Treasury, The Bank of England, Norges Bank, greenback Locations: Swedish

☆ Asia markets to open mixed following losses on Wall Street: Japan trade data in focus
▼ + stars: | 2024-12-18 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

Containers at a shipping terminal in Yokohama, Japan on Oct. 18, 2021. Japan's trade deficit surged in September as imports overwhelmed export growth. Asia-Pacific markets are set to open mixed on Wednesday, following losses on Wall Street that saw the Dow Jones Industrial Average tumble for a ninth straight day. Investors in Asia will assess trade data out of Japan, which will be released later in the day, ahead of a Bank of Japan rate decision this week. The country's exports are expected to have increased 2.8% in November year-over-year according to economists polled by Reuters.

Persons: Australia's Organizations: Dow Jones, Investors, Bank, Japan, Reuters, Imports, Nikkei Locations: Yokohama, Japan, Asia, Pacific, Chicago, Osaka

☆ Oil prices little changed ahead of Fed rate decision
▼ + stars: | 2024-12-18 | by ( ) www.cnbc.com time to read: +2 min

Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve. Brent futures inched up 12 cents, or 0.16%, to $73.31 a barrel by 0134 GMT, while U.S. West Texas Intermediate crude rose 11 cents, or 0.16%, to $70.19 a barrel. More important for the oil market will be any comments on interest rate moves in 2025, analysts say. Gasoline inventories rose by 2.45 million barrels, and distillate stocks rose by 744,000 barrels, according to the source. The U.S. Energy Information Administration will release its oil storage data on Wednesday.

Persons: Priyanka Sachdeva, Phillip Nova Organizations: Chevron Corp, U.S . Federal, Brent, U.S, West Texas, Fed, Trump, Federal, European Union, Russia, stoke, American Petroleum Institute, U.S . Energy, Administration Locations: San Ardo , California, U.S, Ukraine, Britain, Russia

☆ Congress to vote on new restrictions on U.S. investment in China
▼ + stars: | 2024-12-18 | by ( ) www.cnbc.com time to read: +1 min

Newly-elected members of the U.S. Congress pose for a photo on the steps of the U.S. Capitol in Washington, U.S., November 15, 2024. Congress is set to vote in the coming days on legislation restricting U.S. investments in China as part of a bill to fund government operations through mid-March, lawmakers said late on Tuesday. In October, the Treasury finalized rules effective Jan. 2 that will limit U.S. investments in artificial intelligence and other technology sectors in China that could threaten U.S. national security. The bill expands on those restrictions and also includes other provisions aimed at concerns about China, including a requirement to study national security risks posed by Chinese-made consumer routers and modems and mandate reviews of Chinese real estate purchases near additional national security sensitive sites. The Chinese Embassy in Washington did not immediately comment.

Organizations: U.S, Congress, Capitol, Treasury, Embassy, Federal Communications Commission Locations: Washington , U.S, China, U.S, Washington

☆ Being child-free has given me the capacity to be friends with people in different age groups. I'm more present and available.
▼ + stars: | 2024-12-18 | by ( Jackie Lam | ) www.businessinsider.com time to read: +4 min

But honestly, I have no interest in having kids of my own. Being child-free has allowed me to have friends of different ages and backgrounds. Related VideoAs a proud childless cat lady, I've found that I have a greater capacity for different types of friendships. I'm able to have friendships with friends of different ages and backgroundsI can say that being child-free has likely allowed me to have the time, space, and energy to make friends of all ages and backgrounds. Not having kids has afforded me greater space to be present for others — as a friend, daughter, partner, cousin, and "auntie."

Persons: It's, weren't, I've, Sally, Melanie, We're, Marie, I'm Locations: Los Angeles County, West LA, West Los Angeles, Pasadena

☆ Nissan shares surge 22% after media reports on potential merger with Honda
▼ + stars: | 2024-12-18 | by ( Kevin Lim | ) www.cnbc.com time to read: +1 min

Makoto Uchida (L), president and CEO of Japanese auto maker Nissan, shakes hands with Toshihiro Mibe (R), director, president and representative executive officer of auto maker Honda, following a press conference in Tokyo on August 1, 2024. Nissan Motor shares surged Wednesday following a media report that the struggling Japanese automaker is looking to merge with Honda Motor , forming a bigger entity that can compete with larger rivals and invest more in the growing market for electric vehicles. Nissan shares were last trading up 22%, while Honda shares slipped 1.6%. Honda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to a report in the Nikkei newspaper. "They [Nissan] really didn't have a leadership position in any one of the segments they competed in," he said.

Persons: Makoto Uchida, Toshihiro Mibe, Joe McCabe Organizations: Nissan, Honda, Nissan Motor, Nikkei, Mitsubishi Motors, AutoForecast, CNBC Wednesday, Renault Locations: Tokyo

☆ These 6 stocks rose as Nvidia fell into correction territory
▼ + stars: | 2024-12-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +1 min

Six stocks in the S & P 500 have been inversely correlated to Nvidia's share price moves over the past month, according to analysis by CNBC Pro. It comes as Nvidia fell into correction territory this week, meaning it's fallen over 10% from its closing high of $148.88 reached last month. CNBC Pro screened for stocks in the S & P 500 that have moved in the opposite direction to the U.S. chip giant over the past month. A correlation of 0 would indicate no statistical link between Nvidia's stock and the share price of the company. For instance, over the past month, Kraft Heinz shares have also fallen 0.6%, alongside Nvidia's decline over the same period.

Persons: Kraft Heinz, Henry Schein Organizations: CNBC Pro, Walgreens Boots Alliance, MasterCard, O'Reilly Automotive, Nvidia, CNBC Locations: U.S

President Joe Biden said in an interview published in part on Tuesday that he is in favor of a ban on stock trading by members of Congress, taking a position on an issue that has been the subject of discussion and proposed legislation in recent years. Shakir noted during the interview that Biden did not own stock during his decades as a senator. Congressional stock trading has become a political flashpoint on Capitol Hill and beyond, as ethics watchdogs and some lawmakers allege that members of Congress who trade stocks are profiting from insider knowledge. Legislation banning congressional stock trading has been introduced repeatedly in recent years, but has never been passed by Congress. Former President Barack Obama signed a bill aimed at preventing insider trading by members of Congress and aides and increasing reporting requirements in 2012.

Persons: Joe Biden, Faiz Shakir, Sen, Bernie Sanders, Biden, ” Biden, Shakir, Biden’s, Gary Peters, Barack Obama Organizations: Union, Capitol, Congress Locations: “

Funding expires at the end of Friday, when the House and Senate are hoping to adjourn for the Christmas, Hanukkah and New Year holidays. And the Democratic-run Senate would need unanimous agreement to skip procedural hurdles and pass it in time. The legislation would throw a messy new shutdown deadline into President-elect Donald Trump’s first 100 days in office. Government funding is subject to the Senate’s 60-vote threshold, so they would still need Democratic support to pass it. For that reason, some Republicans preferred to finish the job earlier and take the current fiscal year’s funding task off Trump’s plate.

Persons: Milton, Joe Biden, Robert F, Donald Trump’s, There’s, Mike Johnson, imperiling, Johnson, Sen, Susan Collins, ”, Rosa DeLauro Organizations: WASHINGTON, Department of Homeland Security, Kennedy, Washington , D.C, Lawmakers, Republican, Democratic, Republicans, White, Senate, GOP House Locations: North Carolina, Florida, Washington ,, Maine, Connecticut

☆ Medication abortions may be more painful than women expect, study finds
▼ + stars: | 2024-12-17 | by ( Kaitlin Sullivan | Kaitlin Sullivan Is A Contributor For Nbcnews.Com Who Has Worked With Nbc News Investigations. She Reports On Health | Science | ) www.nbcnews.com time to read: +7 min

Many women are surprised by how much pain they experience during a medication abortion, a study published Tuesday in the journal BMJ Sexual & Reproductive Health found. In the study, researchers looked at survey responses from about 1,600 women in the U.K. who had undergone a medication abortion and then answered questions about the experience. Women are often told to expect cramping akin to strong menstrual cramps during a medication abortion, both in the U.K. and in the U.S. “It’s important to be realistic about what women experience during medical abortion in order to provide meaningful patient-centred care.”Medication abortions involve taking two pills. Medication abortion will not work for an ectopic pregnancy, according to the Food and Drug Administration.

Persons: ”, Alyssa Colwill, “, I’ve, Hannah McCulloch, cramp, Colwill, Roe, Wade, Daniel Grossman, Grossman, it’s, ” Grossman Organizations: Reproductive Health, Oregon Health, Science University School of Medicine, Pregnancy Advisory, University of California San, Food and Drug Administration Locations: United States, U.S, University of California San Francisco

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