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CNN —A kayaker’s leg was amputated during a dramatic, hours-long rescue operation to free him from between rocks on a river in Australia on Saturday, local police said. His 20-hour ordeal began at about 2:30pm on Friday when he became trapped while kayaking through rapids with a group on the Franklin River, police said in a statement. Rescuers made several unsuccessful attempts to extract the man between Friday evening and Saturday morning. “Every effort was made to extract the man before the difficult decision to amputate his leg.”Oosterloo also praised the emergency responders. “I’d like to thank everyone who contributed to this operation in the most difficult of circumstances,” he said.
Persons: Franklin, Gordon Wild, , Doug Oosterloo, ” Oosterloo Organizations: CNN, Hobart, Authorities, Gordon Wild Rivers, Police Locations: Australia, Tasmania’s, Franklin
President-elect Donald Trump on Friday asked Scott Bessent, a top fundraiser to his campaign, to serve as secretary of the Treasury Department, two sources familiar with the matter confirmed to NBC News. And with Trump proposing aggressive tariffs on imports from countries spanning the globe, the new Treasury Department chief will have to manage relationships with global finance ministers who may choose to retaliate with tariffs of their own. With inflation moderating over the past year, the Powell-led Fed has cut interest rates as part of a bid to stop high borrowing costs from unduly raising unemployment. In Trump’s first term, he tapped banker Steven Mnuchin to lead the Treasury Department. But his tenure at the Treasury Department was more stable than those of other high-level Cabinet posts in Trump’s first term.
Persons: Donald Trump, Scott Bessent, Bessent, Trump, Jerome Powell, , ” Powell, Powell, Steven Mnuchin, Mnuchin, Trump’s Organizations: Treasury Department, NBC News, Senate, White, Republican, Congress, Federal Reserve, Bloomberg News, Fed, CNBC Locations: Hollywood
LONDON — A woman who claimed mixed martial arts fighter Conor McGregor “brutally raped and battered” her in a Dublin hotel penthouse was awarded nearly 250,000 Euros ($257,000) on Friday by a civil court jury in Ireland. He was mobbed by cameras as he left court but did not comment. The woman’s lawyer said she never pretended to be a saint and had gone out looking for a good time that ended up turning into a nightmare. “How anyone could believe that me, as a prideful person, would highlight my shortcomings.”McGregor’s lawyer told jurors they had to set aside their animus toward the fighter. “I’m not asking you to invite him to Sunday brunch.”The defense said the woman never told investigators McGregor threatened her life.
Persons: Conor McGregor “, McGregor, John Gordon, “ He’s, ” Gordon, , , Remy Farrell, “ I’m, Farrell, ” McGregor Organizations: Court, Police, Sunday Locations: Dublin, Ireland, Las Vegas
Under the Rome statute that created the ICC, its signatories are obliged to carry out arrest warrants, no matter the rank of the accused. Mohammed Deif was accused of crimes against humanity and war crimes, including for his role as a mastermind of Oct. 7. Some European countries have not said whether they would arrest Netanyahu if he visited, including a number of Israeli allies. ​Britain respects the independence of the ICC, Prime Minister Keir Starmer’s spokesperson said, but did not say whether Britain would arrest Netanyahu. Netanyahu and the other two Israelis facing the arrest warrants join a group that includes Russian President Vladimir Putin, who has been subject to an ICC arrest warrant over alleged war crimes in Ukraine since last year.
Persons: Benjamin Netanyahu, , Yoav Gallant, Mohammed Deif —, Netanyahu, Viktor Orbán, Hungary, , Joe Biden’s, , Gallant, Mohammed Deif, Keir Starmer’s, Petr Fiala, Alexander Schallenberg, Omar Al, Israel, Pope Francis, Vladimir Putin Organizations: Israeli, U.S, Criminal Court, Government Press, AFP, Getty, ICC, World Health Organization, Austrian, International Court of Justice Locations: Gaza, Ireland, Netherlands, Hungary, U.S, Tel Aviv, The Hague, Rome, Israel, Britain, France, Paris, Sweden, Norway, Czech, Austrian, Gaza City, AFP, South Africa, Ukraine
LONDON — A major British airport evacuated one of its terminals Friday over an unspecified "security incident." London Gatwick said that passengers were told to leave part of its south terminal "as a precaution" while an investigation takes place. "Safety and security of our passengers and staff remains our top priority. We are working hard to resolve the issue as quickly as possible," the airport said in a statement on X. Passengers posted pictures and video on social media showing large crowds waiting outside while part of the terminal is closed.
Organizations: British, Gatwick
The Kremlin said Friday that its attack using a new ballistic missile was a warning to Ukraine's "reckless" Western allies, the culmination of a week of escalating threats from President Vladimir Putin. The latest round of saber rattling from Putin and Kim has come during a week in which the war in Ukraine passed 1,000 days and with Washington preparing for a change in leadership. Still, Western officials and many analysts have sought to play down what they said was a clear effort to intimidate Kyiv and its backers. And a top official in U.S. ally South Korea shone new light on what Kim may be getting out of his Putin partnership. But the U.S. official said Russia would not be able to bully Ukraine, the U.S. or other countries helping Kyiv fend off invading Russian forces.
Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Dmitry Peskov, Russia can’t, Peskov, Volodymyr Zelenskyy, Shin Won, sik, Donald Trump, , Farah Dakhlallah, Biden Organizations: Washington, Russia, National Security, Emergency Service of, Getty, NATO, U.S Locations: Moscow, Pyongyang, North, U.S, Washington, Ukraine, Russia, Dnipro, Korea, North Korea, Sumy, Emergency Service of Ukraine, Anadolu
The ex-girlfriend of former Marvel actor Jonathan Majors has dropped a lawsuit that accused him of assault and defamation, according to court records filed in New York Thursday. The emerging star, who appeared in boxing drama "Creed III," was convicted in December 2023 on two counts of misdemeanor assault against Grace Jabbari, who said Majors attacker her in the back of an SUV. Majors played supervillain Kang the Conqueror in the Marvel movie franchise and was due to reprise the role in “Avengers: The Kang Dynasty,” slated for 2026. Attorneys for both Jabbari and Majors did not immediately respond to a request for comment. Majors was given the Perseverance Award at the annual Impact Awards in Hollywood in June.
Persons: Jonathan Majors, Grace Jabbari, Grace, Priya Chaudhry, Majors, Kang, Marvel Organizations: Marvel, Defendant, Hollywood Locations: New York, British
Police in Las Vegas arrested 57 striking casino workers on Thursday at a protest outside Virgin Hotels Las Vegas, the Culinary Union said on X. Hundreds of casino workers at Virgin Hotels Las Vegas walked off their jobs last week over stalled talks to win a new five-year union pay contract. “Culinary Union members on strike outside @VirginHotelsLV while Culinary Union members are getting arrested in non-violent civil disobedience,” the union said in one of the posts. Separately, Las Vegas police said that the road next to the casino, which was earlier closed due to protests, had reopened after the arrests. Virgin Hotels Las Vegas is owned by JC Hospitality, along with Juniper Capital Partners, Virgin Group and others, according to the hotel’s website.
Persons: Diana Valles Organizations: Las Vegas, Virgin Hotels, Culinary Union, Vegas, “ Culinary Union, JC Hospitality, Juniper Capital Partners, Virgin Group Locations: Las, Virgin Hotels Las Vegas
Russia has supplied North Korea with antiaircraft missiles in return for the deployment of its troops ​to fight in Russia’s war against Ukraine, South Korea’s national security adviser said on Friday.​In recent weeks, North Korea has sent an estimated 1​1,000 troops, some of whom have joined Russian forces in their fight to retake territories occupied by Ukraine in Russia’s Kursk region, according to South Korean and United States officials. It has also sent close to 20,000 shipping containers of weapons to Russia since the summer of 2023, including artillery guns and shells, short-range ballistic missiles and multiple-rocket launchers, South Korean officials have said. In return, North Korea has been widely expected to seek Russian help in modernizing its conventional armed forces and advancing its nuclear​ weapons program and missiles. One of the ​biggest weaknesses of the North Korean military ​has been its poor​, outdated air defense system, while the United States and its allies in South Korea and Japan run fleets of high-tech war planes, ​including F-35 stealth fighter jets. “We understand that Russia has provided related equipment and anti-air missiles to shore up the poor air defense for Pyongyang,” the North Korean capital, ​South Korea’s national security adviser​, Shin Won-shik, ​said in an interview with SBS-TV on Friday.
Persons: , Shin Won Organizations: Russian, South, United, North Korean, SBS Locations: Russia, North Korea, Ukraine, South, Russia’s Kursk, South Korean, United States, South Korea, Japan, Pyongyang,
FanDuel parent Flutter Entertainment is poised for even more gains ahead as its U.S. growth takes off, according to Goldman Sachs. Analyst Ben Andrews initiated coverage of the online sports betting operator with a buy rating and $320 price target. Andrews sees upside to Flutter's 2027 revenue guidance for existing states and sees double-digit percentage upside to Wall Street's consensus targets on Flutter's U.S. EBITDA in 2027 and 2028. S & P) and Flutter building a track record of consistent delivery and as a compounding cash generator." The company continues to acquire new customers in existing states, which "Flutter is doing more efficiently than competition, supported by their scale," Andrews said.
Persons: Goldman Sachs, Ben Andrews, Andrews Organizations: New York Stock Exchange, London Stock Exchange, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Newmarket Capital CEO Andrew Hohns is fusing loans with bitcoinAndrew Hohns, Newmarket Capital Founder and CEO, joins CNBC's 'Squawk Box' to discuss Bitcoin approaching $100k, how merging bitcoin and credit can reduce volatility, and more.
Persons: Andrew Hohns, bitcoin Andrew Hohns Organizations: Newmarket Capital
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina markets are in a goldilocks period, use the 'GARY' strategy: Macquarie CapitalEugene Hsiao of Macquarie Capital says that there is no urgency for Chinese policymakers to add any additional stimulus and discusses why he thinks investors should be adopting a "growth at a reasonable yield" strategy in China.
Persons: GARY, Macquarie Capital Eugene Hsiao Organizations: China, Macquarie Capital Locations: China
AdvertisementAs someone born and raised in Salt Lake City, I know Utah has more to offer than just skiing. Within Salt Lake City, I recommend enjoying a beer at a local brewery. For a unique experience, I also suggest checking out the nearby hot springs and Ice Castles. And at the heart of it all is the state's capital, Salt Lake City. Born and raised in the heart of the city, I know how to experience Salt Lake without ever stepping into ski boots.
Locations: Salt Lake City, Utah, Salt
Swedish battery maker Northvolt filed for Chapter 11 bankruptcy protection in the U.S., delivering a hard blow to Europe's electrification ambitions. A partner of major European automakers, Northvolt produces lithium-ion batteries for the blooming electric vehicle industry, which has recently been rocked by intensifying competition. "This decisive step will allow Northvolt to continue its mission to establish a homegrown, European industrial base for battery production," said Tom Johnstone, interim chairman of Northvolt's board. "Despite near-term challenges, this action to strengthen our capital structure will allow us to capture the continued market demand for vehicle electrification," he added. The Stockholm-based business has long been regarded as Europe's best hope of building a homegrown EV battery champion.
Persons: Northvolt, Tom Johnstone Organizations: EV Locations: Skelleftea, Sweden, Swedish, U.S, Stockholm
AdvertisementEV battery maker Northvolt has entered Chapter 11 bankruptcy protection, it said on Thursday. Northvolt said it had secured an extra $245 million in funding as part of the bankruptcy deal. Northvolt, the battery company founded by two former Tesla executives, has filed for Chapter 11 bankruptcy protection after struggling to ramp up production. AdvertisementFounded in 2016 by Carlsson and Paolo Cerutti, Northvolt aimed to revolutionize battery manufacturing but has struggled in recent months. In June, BMW pulled out of a $2.1 billion order for battery cells for its EVs, citing delays to deliveries.
Persons: Northvolt, Goldman Sachs, Tom Johnstone, Peter Carlsson, Carlsson, Paolo Cerutti, Ford Organizations: EV, Tesla, JPMorgan, Microsoft, BMW Locations: Swedish, Sweden, Skellefteå, Europe
President-elect Donald J. Trump picked Scott Bessent to serve as Treasury secretary on Friday, tapping a billionaire hedge fund manager to lead an economic agenda that is expected to be built around raising tariffs and cutting taxes. Mr. Bessent, the founder of the investment firm Key Square Capital Management, has emerged as a central economic adviser to Mr. Trump over the past year. Unlike many on Wall Street, Mr. Bessent, 62, has also defended the use of tariffs, which are Mr. Trump’s favorite economic tool. If confirmed by the Senate, Mr. Bessent would take over a department with vast responsibilities that is at the core of the federal government. The Treasury Department issues debt to fund the government’s operations and pay its bills, including paying Social Security and veterans benefits.
Persons: Donald J, Trump, Scott Bessent, Bessent, George Soros Organizations: Key, Capital Management, Democratic, Senate, Treasury, Social Security
CNN —An explosives disposal team was sent to London’s Gatwick Airport and one of its terminals evacuated after a “suspected prohibited item” was found in luggage on Friday. “A security cordon is in place around the South Terminal at Gatwick Airport following discovery of a suspected prohibited item in luggage,” Sussex Police wrote in a statement posted on X just after midday local time (7 a.m. “Police were called at 8.20am this morning and, as a precaution, an EOD (Explosive Ordnance Disposal) team is being deployed,” the statement continued, advising the public to avoid the area. “We can confirm that the ‘loud bang’ reported in the area a short time ago was a controlled explosion carried out by officers,” it said in a statement posted on X on Friday morning. ET), it said, “Initial indications are that the item was a hoax device.
Persons: Stephanie Halasz, Zahid Mahmood Organizations: CNN, Gatwick Airport, Sussex Police, “ Police, , London’s Metropolitan Police
Goldman says 2025 will be the 'year of generating income'
  + stars: | 2024-11-22 | by ( Michelle Fox | ) www.cnbc.com   time to read: +5 min
Goldman Sachs Asset Management is predicting 2025 will be the "year of generating income." One focuses on the S & P 500 — Goldman Sachs S & P 500 Core Premium Income ETF (GPIX) and another on the Nasdaq-100 index — Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ ). High-yield muni bonds Shah also sees opportunity for income within high-yield municipal bonds . "Municipal high yield is a good way of generating income that can compete with your appreciation," Shah said. GHYAX YTD mountain Goldman Sachs High Yield Municipal Fund Dividend stocks and bonds Investors can also turn to more traditional forms of income in dividend stocks and fixed income, Shah said.
Persons: Goldman, Ashish Shah, Shah, — Goldman Sachs, Goldman Sachs Organizations: Management, CNBC, Federal Reserve, Crane Data, nab, Investors, Goldman, Nasdaq, Goldman Sachs Nasdaq Locations: securitized
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Newmarket Capital CEO Andrew HohnsAndrew Hohns, Newmarket Capital Founder and CEO, joins CNBC's 'Squawk Box' to discuss Bitcoin approaching $100k, how merging bitcoin and credit can reduce volatility, and more.
Persons: Andrew Hohns Andrew Hohns Organizations: Newmarket Capital
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalo Alto's stock is on sale and now is a buying opportunity, says Freedom Capital's WoodsJay Woods, Freedom Capital Markets chief global strategist, joins 'Power Lunch' to discuss why Palo Alto is overlooked, the play with Palo Alto, and much more.
Persons: Capital's, Jay Woods Organizations: Palo, Freedom Capital Markets, Palo Alto
The Trump trade showed its resilience this week
  + stars: | 2024-11-22 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
Small-cap stocks were one of the biggest winners on Wall Street this week, serving as a prime example that the Trump trade is alive and well after a brief pause . Small caps were not the only components of the Trump trade that had strong gains this week. According to Tom Fitzpatrick, managing director at R.J. O'Brien & Associates, all signs point toward the Trump trade staying strong. Tesla, other stock components of the Trump trade Electric vehicle stock Tesla advanced nearly 10% this week. "I believe energy still has a lot to prove and the Trump trade didn't work out as well as investors thought it supposed to over his first term."
Persons: Trump, Russell, Donald Trump, Tom Fitzpatrick, Fitzpatrick, Bitcoin, Gary Gensler, Tesla, Elon Musk, Vivek Ramaswamy, Halliburton, Jay Woods, Woods Organizations: Nasdaq, Dow Jones, Investors, Trump, Tesla, Trump Media & Technology Group, Halliburton, U.S . Steel, O'Brien & Associates, CNBC, U.S, Securities and Exchange Commission, Freedom Capital Markets . Energy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto Boom Drives Investment Opportunities, With Coinbase and Robinhood Leading the ChargeDevin Ryan of Citizens JMP and Sarah Kunst of Cleo Capital discuss the surge in crypto interest, with Ryan noting growth in volumes and opportunities in payments and stablecoins, while Kunst highlights increasing institutional interest and potential acquisitions in the crypto space. Both see strong growth ahead for companies like Coinbase and Robinhood.
Persons: Devin Ryan, JMP, Sarah Kunst, Cleo Capital, Ryan Organizations: Cleo, Kunst
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are long and short opportunities in tech-focused funds, says Citi's Mithra WarrierMithra Warrier, Citi North America head of capital introduction, joins 'Closing Bell' to discuss the health of hedge funds, shorted market sectors, and much more.
Persons: Warrier Organizations: Citi North America
President-elect Donald Trump's tariff plans could weigh on the broader stock market, but some attractively valued names with strong cash levels could withstand the pressure, according to UBS. "The rally overlooks the potentially negative knock-on implications of tax cuts and tariffs on corporate performance and valuations." Against that backdrop, UBS looked for stocks that have high levels of cash and are attractively valued. The stock has a dividend yield of 2.7%. It has a dividend yield of 2.2%.
Persons: Donald Trump's, Trump, Michel Lerner, Lerner, Smoot, Paychex, Jason Kupferberg Organizations: UBS, Bank of America, CVS, Federal Trade Commission, Glenview Capital Locations: China, U.S, Hawley
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB should cut by 50 basis points — but they won't, UniCredit's Nielsen saysErik Nielsen, group chief economics advisor at UniCredit, discusses the ECB's December meeting, and the need for a Capital Markets Union in Europe.
Persons: UniCredit's Nielsen, Erik Nielsen Organizations: Capital Markets Union Locations: Europe
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