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☆ DOJ asks judge to force Google to sell Chrome as remedy in landmark antitrust case
▼ + stars: | 2024-11-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

On Wednesday, DOJ officials in the antitrust division filed their proposal for remedies in the case. The DOJ wants Judge Mehta to force Google to sell its Chrome browser. Officials from the Department of Justice, in a Wednesday filing, urged District Judge Amit Mehta to force Google to sell its Chrome browser. AdvertisementMehta will consider the DOJ's proposal before he makes a final ruling regarding remedies in this case. "But if Google is able to control the company that buys Chrome, the impact of selling the business would be minimal.

Persons: Amit Mehta, Judge Mehta, Mehta, Lee, Anne Mulholland, Eric Chaffee, it's, Peter Cohan, Neil Chilson, Chilson, Joe Biden's, Donald Trump, Trump, Biden, Cohan, Chafee Organizations: Google, DOJ, Department of Justice, Apple, Business, Bloomberg, Case Western Reserve University, Babson College, FTC, Chrome, Case

☆ British regulators will soon announce competition remedies for the multibillion-pound cloud industry
▼ + stars: | 2024-11-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Igor Golovniov | Sopa Images | Lightrocket via Getty ImagesLONDON — Britain's competition regulator is preparing remedies aimed at solving competition issues in the multibillion-pound cloud computing industry. The sources, who preferred to remain anonymous given the investigation's sensitive nature, said that the cloud market remedies could be announced within the next two weeks. Amazon is the largest player in the market, offering cloud services via its Amazon Web Services (AWS) arm. Ofcom subsequently referred its cloud review to the CMA to address competition issues in the market. She is expected to outline plans for a review in 2025 into whether the CMA should more frequently use behavioral remedies when approving deals, the FT reported.

Persons: Igor Golovniov, there's, Sarah Cardell, Keir Starmer Organizations: Ofcom, Microsoft, Getty, Markets, CNBC, CMA, Amazon, Web Services, Google, Chatham House, Financial Times Locations: U.S, U.K

☆ HSBC names 3 'underappreciated' Asian stocks to watch in 2025 — giving one 63% upside potential
▼ + stars: | 2024-11-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Meituan HSBC is bullish on Meituan and has a target price of 220 Hong Kong dollars ($28.30) on the stock, giving it 25.8% upside potential. "Despite the macro challenges, Meituan's growth profile remains resilient," said Charlene Liu, HSBC Global Research's head of internet and gaming research for Asia-Pacific. Calling it a "best-in-class small-cap" idea, HSBC Global Research's India health-care analyst Damayanti Kerai believes it is "well positioned to sustain healthy growth." Kia's shares have been on an uptrend, gaining around 8% in the last five days. HSBC has a target price of 160,000 Korean Won ($114.80) on the stock, implying nearly 63.1% upside potential.

Persons: Charlene Liu, Liu, Damayanti Kerai, Kerai, Will Cho, Cho, — CNBC's Michael Bloom Organizations: HSBC, Hong, HSBC Global Research's, Morningstar, Hong Kong Exchange, Krishna, Medical Sciences, Bombay Stock Exchanges, Kia, Korea Exchange, Won Locations: Asia, Hong Kong, U.S, HSBC Global Research's India, Korean, HSBC Global Research's Korea, EU

☆ Boeing CEO Kelly Ortberg says the company's staff 'spend more time arguing' than strategizing about how to beat Airbus: report
▼ + stars: | 2024-11-21 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

The CEO also spoke with President-elect Donald Trump about the impact of his potential tariffs. Boeing's CEO Kelly Ortberg has a stern warning for his staff — stop squabbling and get to work. During the meeting, Ortberg also told staff not to "sit at the water cooler and bitch about people," per The WSJ's transcription of the recording. AdvertisementThe WSJ also reported that Ortberg has spoken with President-elect Donald Trump about the impact of potential tariffs on Boeing. Ortberg told staff that a potential trade war with China might impact the company's plane exports to Chinese airlines.

Persons: Kelly Ortberg, Ortberg, Donald Trump Organizations: Airbus, WSJ, Boeing, Business Insider, Trump, Seattle Times, Society of Professional Engineering Employees, Aerospace, . Aviation, Avia Solutions, Max Locations: Boeing's hourlong, China, Washington, Oregon

A Dallas anesthesiologist was sentenced to 190 years in federal prison in a case where he was convicted of injecting drugs into IV bags, leading to at least one death. He was sentenced in federal court Wednesday to a total of 2,280 months, which the judge ordered to be served consecutively. Doctors began to suspect an issue with the IV bags in August 2022, after a 18-year-old patient’s condition became critical during a routine sinus surgery, prosecutors said. Video presented as evidence also showed Ortiz “repeatedly retrieving IV bags from the warming bin and replacing them” shortly before the bags were taken into surgery, prosecutors said. Doctors testified at the trial, noting that the medical emergencies occurred shortly after new IV bags were hung during the procedures.

Persons: Dallas anesthesiologist, Raynaldo Ortiz, Simonton, Ortiz, Anesthesiologist Raynaldo Rivera Ortiz Jr, Scott, Melanic Kaspar, Prosecutors, Ortiz “, John Kaspar, Fort Worth, Kaspar, ”, ” Ortiz, David Godbey, “ Organizations: Dallas, Attorney, Northern, Northern District of, Baylor, Attorney’s, NBC News Dallas, District, Texas Medical Locations: U.S, Northern District, Northern District of Texas, KXAS, Dallas, Fort

☆ CEO makes largest-ever donation to ‘undervalued’ U.S. Soccer women and girls programs
▼ + stars: | 2024-11-20 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +2 min

Businesswoman and philanthropist Michele Kang just made a historic donation to women’s soccer. Kang, owner of the professional soccer team Washington Spirit, has pledged $30 million to the girls and women’s programs of U.S. Soccer, the organization announced on Tuesday. It’s the largest donation ever made to the soccer body by a woman, as well as to girls and women’s soccer. “Michele Kang’s gift will transform soccer for women and girls in the United States,” said Cindy Parlow Cone, president of the U.S. Soccer. She also owns Olympique Lyonnais, a women soccer team that plays in France, and London City Lionesses, in England.

Persons: Michele Kang, Kang, ” Kang, “ Michele Kang’s, ”, Cindy Parlow Cone, “, Alex Morgan, ’ Organizations: Washington, U.S, Soccer, U.S . Soccer, U.S . National Women’s Soccer League, Olympique Lyonnais, London City Lionesses, CNBC Locations: United States, France, England, U.S

The man accused of killing Georgia nursing student Laken Riley was found guilty of murder Wednesday in a case that became a flashpoint in the immigration debate earlier this year, ahead of the presidential election. Riley’s killing drew national attention to the immigration debate after officials announced that Ibarra is a Venezuelan citizen who entered the United States illegally in 2022. UGA students during a vigil for Laken Riley on Feb. 26. Joshua L. Jones / USA Today NetworkDuring the trial, prosecutors argued that Ibarra killed Riley after she fought off his attempt to rape her. The prosecution pointed to DNA and other evidence that they said linked Ibarra to Riley on the day of her murder.

Persons: Laken Riley, Jose Antonio Ibarra, Tom, ”, Jose Ibarra, Hyosub Shin, H, Patrick Haggard, Ibarra, Haggard, Allyson Phillips, Riley’s, “, ” Phillips, Phillips, ” Prosecutors, Riley, Donald Trump, Joshua L, Jones, Sheila Ross, Riley “, ” Ross, Diego Ibarra, Kaitlyn Beck, Diego, Jose Organizations: Superior Court, ”, University of Georgia, UGA, USA Locations: Athens, Clarke, Ga, Venezuelan, United States

VIENTIANE, Laos — Women and racial diversity are vital to the strength of U.S. armed forces, outgoing Defense Secretary Lloyd Austin said in an exclusive interview with NBC News as he prepares to shortly exit the top military post after four years. “I would tell you that, you know, our women are the finest troops in the world. Our military is going to remain a diverse military," Austin said. Austin did not weigh in on what he thinks about Trump's choice of Hegseth to lead the Department of Defense. Austin, a four-star general who was previously commander of U.S. Central Command, was appointed as Secretary of Defense by President Joe Biden and was sworn in on Jan. 22, 2021.

Persons: Lloyd Austin, “, ” Austin, Donald Trump’s, Pete Hegseth, Hegseth, ”, Austin, Trump, Biden, Vladimir Putin, —, we've, Joe Biden, Lester Holt Organizations: NBC News, Defense, Army National Guard, Pentagon, Senate, Republicans, Department of Defense, ., Korean, U.S . Central Command, NBC Locations: VIENTIANE, Laos, Iraq, Afghanistan, United States, Ukraine, Russia, U.S, Russia's Kursk, Jan

☆ Trump said he'd use the military for mass deportations. Here are the industries with the most immigrant workers.
▼ + stars: | 2024-11-20 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

The full scope of the planned mass deportations remains unclear. Present-elect Donald Trump's plans for mass deportations could significantly impact construction, agriculture, and hospitality. The data breaks down 13 major sectors by the number of native-born citizens, naturalized citizens, and non-US citizens working in each. AdvertisementThe agriculture industry could also be heavily impacted by mass deportations. To be sure, deportation plans are still in flux, and it's unclear how many people would be deported or who would be targeted first.

Persons: Trump, Donald Trump's, Steve Ballmer, Molly Day, Tom Homan, Stephen Miller, Vance, Karoline Leavitt Organizations: Immigrants, American Immigration Council, American Progress, Small Business Association, ACLU, Immigration, Customs, White House, Staff, Policy, US Homeland Security

☆ Urologist Who Sexually Abused Patients Is Sentenced to Life in Prison
▼ + stars: | 2024-11-20 | by ( Alyce Mcfadden | More About Alyce Mcfadden | ) www.nytimes.com time to read: +1 min

On Wednesday, his sentence was handed down by Judge Ronnie Abrams in federal court in Manhattan. Dr. Paduch, of North Bergen, N.J., was arrested last April. During appointments, the indictment said, Dr. Paduch told patients to masturbate in front of him, sometimes groping them or showing them pornography. During the course of the trial, 11 victims testified about abuse they had suffered under Dr. Paduch’s care, and dozens more wrote impact statements before he was sentenced Wednesday. Mallory Allen, a lawyer for a firm that represents 140 former patients who have filed civil suits against him, said in a statement that the sentence affirms that “heinous sexual abuse will not be overlooked.”

Persons: Ronnie Abrams, Paduch, Michael Baldassare, ”, Paduch’s, Mallory Allen Organizations: Presbyterian Hospital and Weill, Cornell Medical Center, Northwell Locations: Manhattan, North Bergen, N.J, New York, NewYork, Long

☆ Jose Ibarra sentenced to life in prison without parole for Laken Riley murder
▼ + stars: | 2024-11-20 | by ( Nicole Chavez | ) edition.cnn.com time to read: +6 min

Riley’s family cried and multiple gasps and sobs were heard in the courtroom when the first guilty decision was announced. The defense questioned the quality of that DNA evidence and its analysis. In addition, a blood-like stain on a navy blue jacket found in a dumpster contained the DNA of Riley and Ibarra, Hinkle testified. He slammed current immigration policy, saying Ibarra should have not been allowed to enter the United States. “Open border policies failed Laken Riley, and today’s verdict is a reminder that the safety of our communities must remain our number one priority.

Persons: Laken Riley, Jose Ibarra, H, Patrick Haggard, Ibarra, Riley’s, Riley, sobs, ”, Allyson Phillips, Phillips, ” Riley’s, Connolly Huth, Judge Haggard, ” Huth, “, Arvin Temkar, Kaitlyn Beck, Ashley Hinkle, Joshua Epps, Hinkle, Investigators, Sheila Ross, Hyosub, Donald Trump, Brian Kemp, ” Kemp Organizations: CNN, Augusta, University of Georgia, Atlanta, AP, Ibarra, Prosecutors, of Investigation, UGA, Adidas, Georgia Gov Locations: Venezuela, Athens, Clarke, Augusta University’s Athens, Georgia, Ibarra . Georgia, United States

☆ Thanksgiving meals are expected to be cheaper in 2024 as turkey prices drop
▼ + stars: | 2024-11-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

And when it comes to Thanksgiving food, it seems Americans are getting relief on their grocery bills this year following a few years of escalating costs. The national average cost for a 16-pound turkey is down 6% from 2023, according to the Farm Bureau. Overall turkey prices have decreased about 4% in the past year, according to the consumer price index. Farmers raised about 205 million turkeys in 2024, down 6% from 2023, according to the U.S. Department of Agriculture. The aggregate impact has been lower turkey prices.

Persons: Robin Wenzel, Bernt Nelson, Nelson, Monty Rakusen, That's, —, Robin Wenzel Wells, Wenzel Organizations: American Farm Bureau Federation, Farm Bureau, Deloitte, Finance, Food Institute, Farm, Farmers, U.S . Department of Agriculture, Digitalvision, Getty, Food, USDA Locations: Wells, Turkey, U.S, Ukraine

☆ UK inflation rises sharply to 2.3% in October, above expectations
▼ + stars: | 2024-11-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — U.K. inflation picked up sharply to a higher-than-expected 2.3% in October, data from the British Office for National Statistics showed Wednesday. The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters. The latest print once again brings inflation above the Bank of England's 2% target, potentially dampening the prospects of a final interest rate cut this year. Core inflation, which excludes energy, food, alcohol and tobacco, came in at 3.3% for the month, up slightly from 3.2% in September. The uptick was anticipated in part due to an increase in the regulator-set energy price cap that took effect in October, which is expected to lead to higher energy price inflation over the colder winter months.

Persons: Price Organizations: British Office, National Statistics, Reuters, Bank of England's, Institute of Chartered Accountants Locations: England, Wales

☆ Widespread high valuations are concerning, says Morgan Stanley's Mike Wilson
▼ + stars: | 2024-11-20 | 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 EmailWidespread high valuations are concerning, says Morgan Stanley's Mike WilsonMike Wilson of Morgan Stanley discusses the 3 main risks to the markets he is watching out for and says that while they are less optimistic about the market impact of Trump's potential tariffs in the near-term, things could get better by the end of 2025.

Persons: Morgan Stanley's Mike Wilson Mike Wilson, Morgan Stanley

☆ Oppenheimer's Owen Lau on why crypto will benefit from Trump 2.0
▼ + stars: | 2024-11-20 | 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 EmailOppenheimer's Owen Lau on why crypto will benefit from Trump 2.0Owen Lau, senior analyst at Oppenheimer, joins CNBC's 'The Exchange' to discuss how crypto is set up from here, how president-elect Trump's SEC pick could impact the space, and more.

Persons: Oppenheimer's Owen Lau, Owen Lau, Oppenheimer Organizations: Trump, Trump's SEC

☆ Jim Cramer talks companies responding to changing consumer values
▼ + stars: | 2024-11-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer talks companies responding to changing consumer values'Mad Money' host Jim Cramer talks the impact of value conscious consumers on companies.

Persons: Jim Cramer

☆ Could Trump reinstate the student debt that Biden forgave? Here's what experts say
▼ + stars: | 2024-11-20 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Under Trump, the U.S. Department of Education is likely to abandon its efforts to deliver wide-scale student loan relief , experts say. It has done so mostly by improving existing student loan relief programs that had long been plagued by problems, including the Public Service Loan Forgiveness initiative and income-driven repayment plans. In June, U.S. District Judge Daniel Crabtree in Wichita, Kansas, described student loan forgiveness as having an "irreversible impact," in his decision to block one of the Biden administration's relief measures. For example, in February, some borrowers saw their debts reinstated under the Public Service Loan Forgiveness program. In a new report, the Consumer Financial Protection Bureau cites, among the errors reported by student loan borrowers, "balance reinstatements," in which a loan servicer tacks a loan balance back on to one's account.

Persons: I've, Trump, Mark Kantrowitz, who've, Joe Biden, Betsy Mayotte, Daniel Crabtree, Biden, aren't, Kantrowitz, they've, tacks Organizations: Trump, U.S . Department of Education, Education Department, Public, The, Student Loan Advisors, District, Finance, Black, College Investor, Consumer Financial, Bureau Locations: U.S, Wichita , Kansas

☆ European Central Banks warns of trade tension risks to euro zone financial stability
▼ + stars: | 2024-11-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Rising global trade tensions present a risk to the euro area economy, the bloc's central bank found in its biannual Financial Stability Review out on Wednesday. The European Central Bank also said weak growth was now a bigger threat than high inflation in the 20-nation euro zone. The latest figures recorded euro zone economic growth at a two-year high of 0.4% in the third quarter, while headline inflation hit 2% in October. "Rising global trade tensions and a possible further strengthening of protectionist tendencies across the world raise concerns about the potential adverse impact on global growth, inflation and asset prices," the Financial Stability Review said. Economists say the knock-on impact of implementing these measures could drag on the euro, if a slowdown in exports spurs the ECB to cut interest rates further and faster.

Persons: Donald Trump's Organizations: European Central Bank, ECB, U.S Locations: U.S, China

☆ Walmart hits new highs and Target dives after earnings as rivals diverge even more
▼ + stars: | 2024-11-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Customer traffic gains were similar at the two stores, yet Walmart's sales trends looked much better than Target's. Walmart's traffic growth edged out its rival's, with a gain of 3.1% at Walmart U.S. versus 2.4% at Target. Walmart's e-commerce sales in the U.S. rose 22%, a bigger increase than the nearly 11% at Target. About 60% of Target's sales come from discretionary items, such as home goods and clothing. On a call with investors on Wednesday, Cornell pointed to "green shoots" in the business, even as sales results disappointed.

Persons: Brian Cornell, Walmart's, Michael Baker, Davidson, Baker, Paul Lejuez, Kate McShane, Goldman Sachs, Davidson's Baker, Cornell, Michael Lasser, We'll Organizations: Walmart, Walmart U.S, Target, D.A, Amazon, Costco, Citi Research, Deutsche Bank, HSBC Global Research, Citi, Cornell, UBS Locations: U.S, Minneapolis, America

☆ Why UnitedHealthcare has reimagined routine health visits — by bringing them to the kitchen table
▼ + stars: | 2024-11-20 | by ( Sponsored Unitedhealthcare | ) www.businessinsider.com time to read: +7 min

HouseCalls provides home visits for UnitedHealthcare Medicare Advantage members where advanced practice clinicians spend 45 minutes to an hour assessing health and social needs. How can health care be provided in a truly integrated, holistic way, addressing not just the patient's physical health concerns but also their behavioral health needs and the social drivers of health? In-depth visits, in-depth insightsA HouseCalls visit is quite different from a clinical appointment in a doctor's office. While the majority of HouseCalls visits focus on general health and wellbeing and address common health concerns in older adults such as high blood pressure, they occasionally take a more dramatic turn and lead to life-saving health care interventions. Learn more about how UnitedHealthcare's HouseCalls can help improve health outcomes by bringing care to patients' doorsteps.

Persons: HouseCalls, Alexander Billioux, Billioux, Susan Sanner, Sanner, — Organizations: UnitedHealthcare, Insider Studios, 2Optum, Income Group Locations: Atlanta

☆ Walmart impacted by tariff tensions less than other retailers, says analyst
▼ + stars: | 2024-11-20 | 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 EmailWalmart impacted by tariff tensions less than other retailers, says analystMichael Baker of D.A. Davidson says Walmart's size and scale gives it enough heft to push back on supply-chain pressures, adding that the company will be able to manage the impact from tariff wars more than other U.S. retailers.

Persons: Michael Baker of D.A, Davidson Organizations: Walmart Locations: U.S

☆ This country is value conscious, sand many companies are getting left behind, says Jim Cramer
▼ + stars: | 2024-11-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis country is value conscious, sand many companies are getting left behind, says Jim Cramer'Mad Money' host Jim Cramer talks the impact of value conscious consumers on companies.

Persons: Jim Cramer

☆ Nvidia's answers to these 3 questions will impact where the red-hot stock goes next
▼ + stars: | 2024-11-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

"There's two things you need to know about Nvidia," Jim continued. Here's a closer look at a few key questions surrounding Nvidia's fiscal 2025 third-quarter report and the subsequent conference call at 5 p.m. Nvidia's triple-digit revenue growth in recent quarters is widely expected to moderate due to the law of large numbers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: you've, ChatGPT, Jim Cramer, Jim, there's, Blackwell, Jensen, Blackwell pushouts, we're, We're, we've, Hopper, —, Gross, Huang, Colette Kress, Nvidia, Kress, Jim Cramer's, Jensen Huang, Sam Yeh Organizations: Nvidia, Apple, AMD, Blackwell, Analysts, Truist Securities, Bank of America, Susquehanna, Microsoft, Meta, Sovereign, Evercore, Enterprise, CNBC, AFP, Getty Locations: CQ4, Japan, Indonesia, India, Denmark, Taipei

☆ Charles Schwab incoming CEO on evolving strategy, wealth management competition and impact of higher rates
▼ + stars: | 2024-11-20 | 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 EmailCharles Schwab incoming CEO on evolving strategy, wealth management competition and impact of higher ratesRick Wurster, Charles Schwab president, joins 'Closing Bell' to discuss the company's evolving strategy, wealth management competition and impact of higher rates.

Persons: Charles Schwab, Rick Wurster

☆ Goldman says this uranium miner could rally on nuclear demand, low geopolitical risk exposure
▼ + stars: | 2024-11-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Canadian uranium miner Cameco Corporation is well positioned for growth on rising demand for nuclear power in the U.S. and less exposure to global geopolitical risk, according to Goldman Sachs. CCJ YTD mountain Cameco, YTD Cameco is integrated across uranium mining, conversion and fabrication as well nuclear services through its stake in Westinghouse, Mehta wrote. Cameco is also an attractive partner for Western utilities because the company has relatively low geopolitical risk. This puts the uranium price midpoint at around $100 which is well above current spot levels of about $80 per pound, according to Goldman. Cameco is still working through the financial impact of its Westinghouse acquisition, but the miner sees a 6% to 10% growth rate over the next five years for the nuclear services company.

Persons: Goldman Sachs, Goldman, Neil Mehta, Mehta, Cameco, Grant Isaac, Isaac Organizations: Cameco Corporation, Westinghouse Locations: U.S, Canada, Kazakhstan

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