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Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. In the S & P 500 and Nasdaq Composite , each stock is assigned a weighting based on its market valuation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Yun Li, Dow, it's, There's, Sellers, Elliott, Jefferies, didn't, Ingersoll Rand, – Ingersoll Rand, Mills, Jerome Powell, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Nasdaq, Microsoft, Apple, Depot, Broadcom, Jefferies, Honeywell, Elliott Management, Club, DuPont, United Technologies, GE, United, Fed, Jim Cramer's Charitable Locations: U.S, BlackRock

☆ Dow futures are little changed after index posts nine-day losing streak; traders await Fed decision: Live updates
▼ + stars: | 2024-12-17 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Futures linked to the Dow Jones Industrial Average were little changed on Tuesday night as traders looked ahead to the Federal Reserve's December interest rate decision. Dow futures were trading around the flatline. S&P 500 futures slipped 0.1%, while Nasdaq 100 futures shed 0.2%. The Dow slipped 267.58 points, or 0.61%, during the regular session for a nine-day losing streak, its longest since 1978. Fed funds futures trading currently shows a 95% chance that the central bank will cut interest rates by a quarter percentage point, according to the CME FedWatch tool.

Persons: Dow, Jerome Powell's, Ross Mayfield, Baird, they're, Mayfield, We've, I'm, General Mills Organizations: Dow Jones, Dow, Nasdaq, Fed, Micron Technology Locations: Powell, Birkenstock

Exactly one week after his star-studded party, the tensions bubbling under the surface boiled over when Ventura sued Combs. "Mr. Combs never sexually assaulted or trafficked anyone — man, woman, adult or minor," lawyers for Combs told BI. October 14, 2024 The first tranche of lawsuits that Buzbee pledged to bring against Combs is filed in New York. November 4, 2024 Combs — who has remained behind bars at Brooklyn's notorious Metropolitan Detention Center since his arrest — celebrates his 55th birthday. Soon after Ventura filed her lawsuit, Combs stepped down as chair of Revolt, the cable network and media company he cofounded.

Persons: Lavo, Janet Jackson, Idris Elba, Naomi Campbell, Sean, Diddy, Combs, Cartier, Cassie Ventura, Ventura, he's, Kenny Hull, Mr, WireImage Combs, Sam Bankman, Arun Subramanian, Marc Agnifilo, James Devaney, Tony Buzbee, Buzbee, John Doe, Jane Doe, Sean Combs, —, Jay, Shawn Carter, Carter, Camron, who's, Mills Sadat Dowlat, Dowlatshahi, Sean John, He's, Evan Agostini, He'd, Forbes, Macy's, he'd, Clayton Durant, tony Holmby, Subramanian, Diddy's, they've Organizations: CNN, luxe, Brooklyn Metropolitan Detention, Boy Records, Prosecutors, Diageo, Metropolitan Detention Center, Roc Nation, Jay, Mr, NBC News, Saks Fifth, Forbes, Global Brands Group, Global Brands, Nation School Locations: London, Los Angeles, Lavo, Brooklyn, Salisbury, Miami, Florida, Manhattan, Texas, Adria, New York, Brooklyn's, Roc, Macy's, Long

☆ Here are 13 things we're watching in the market in the week ahead
▼ + stars: | 2024-12-15 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The Federal Reserve will take center stage in the coming days as Wall Street attempts to put a mixed week behind it. They represented the last look at U.S. inflation before the Fed gathers for a two-day policy meeting this week. Broadcom was, perhaps unsurprisingly, the top-performing stock in the S & P 500 for the week, gaining 25.2%. Week ahead Monday, Dec. 16 No events of note Tuesday, Dec. 17 8:30 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: —, Dow Jones, Donald Trump, Jim, Trump, we'll, Jerome Powell, Powell, We'll, we're, Paychex, General Mills, Jabil, LEN, Jim Cramer's, Jim Cramer, Shelby Tauber Organizations: Federal, Dow Jones, Nasdaq, Fed, PPI, Dow, Costco, Broadcom, Google, Motors, New York Stock Exchange, Micron, Club, Nvidia, Devices, Nike, FedEx, Heico Corp, ABM Industries, Worthington Steel, Accenture, Darden, BlackBerry, Scholastic, Winnebago Industries, AMD, CNBC, US Federal Reserve, Music, Fair, Bloomberg, Getty Locations: U.S, Toro, Dallas , Texas

An incoming West Virginia state lawmaker was arrested Thursday after he allegedly threatened to kill other state lawmakers. "The West Virginia State Police and the West Virginia Capitol Police take all threats against government process seriously," Goldie Jr. said. "Any person making these threats used to intimidate, disrupt, or coerce the members of our West Virginia legislature or other governmental bodies will not be tolerated." The complaint named a handful of Republican state lawmakers, including Speaker of the West Virginia House of Delegates Roger Hanshaw, as targets. West Virginia Republican Party chairman Matt Herridge in a statement criticized de Soto's actions and said the party supports his expulsion.

Persons: Joseph de Soto, Leslie T, Goldie Jr, de Soto, De Soto, Roger Hanshaw, Hanshaw didn't, God, Mr, DeSoto, Jacob Mills, Kevin D, Mills, Matt Herridge, de, “, ” Herridge Organizations: West Virginia House, Virginia State Police, West Virginia State Police, West Virginia Capitol Police, West Virginia State Capitol, Google, Republican, NBC News, NBC, Democratic Party, Criminal, Mills & Associates, West Virginia Republican Locations: West Virginia, West, Charleston, W, Berkley

☆ Here are Jim Cramer's thoughts on risks of Broadcom's strength to Nvidia and AMD
▼ + stars: | 2024-12-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The stock market was struggling to "break the spell of negativity" seen this week, Jim Cramer said during the Morning Meeting. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jim, it's, Mills, Jim Cramer's Organizations: CNBC, Nasdaq, Treasury, Broadcom, Nvidia, Devices, it's, AMD, Bank of America, PayPal Holdings Locations: Centene

☆ The Federal Reserve’s final meeting of 2024 will set the tone for markets heading into year-end — and beyond
▼ + stars: | 2024-12-13 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Next week's Federal Reserve policy meeting, the last one in 2024, will set the tone for markets heading into year end and shed light on what investors can expect in 2025. Wall Street is certain it knows what's coming at the conclusion of the Dec. 17-18 central bank meeting. Stubborn inflation The Fed's preferred inflation gauge will also be released next week, on Friday after the Fed meeting wraps up. Continuing Jobless Claims (12/07) 8:30 a.m. GDP Chain Price final (Q3) 8:30 a.m. GDP final (Q3) 8:30 a.m. Initial Claims (12/14) 8:30 a.m. Philadelphia Fed Index (December) 10 a.m.

Persons: Joe Tigay, Tigay, JPMorgan's David Kelly, it's, Mills Organizations: Fund, Dow Jones Industrial, Nasdaq, FactSet, PCE, Investors, Trump, Micron Technology, Nike, FedEx, Darden, Index, PMI, Retail, Manufacturing, Amentum Holdings, Housing, Philadelphia Fed, . Kansas City Fed Manufacturing, Conagra Brands, PCE Deflator Locations: NAHB, Lennar, . Kansas, Michigan

☆ The market's bad breadth — plus, this stock re-ups its membership in an elite group
▼ + stars: | 2024-12-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

A lower close for the S & P 500 would mark its fourth out of the past five sessions. Recently, the S & P 500 has gone through a stretch of bad breadth — meaning more stocks closing lower than higher. On the data side, we get S & P Global PMIs, retail sales, the third reading on third-quarter GDP, and the PCE price index. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Thursday's, Abbott, shouldn't, It's, Mills, we're, Jim Cramer's, Jim Organizations: CNBC, Deutsche Bank, Club, MarketEdge, Abbott Laboratories, Micron Technology, Accenture, Cintas, Darden, Nike, FedEx, Fed, Jim Cramer's Charitable

☆ Cramer's week ahead: Fed decision and earnings from General Mills, Darden and Nike
▼ + stars: | 2024-12-13 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday walked investors through next week's Federal Reserve meeting and big earnings from General Mills , Darden Restaurants , Nike and more. Cramer said the fixation on the Fed can distract from long-term performance and lead to bad decisions from investors. Wednesday also brings earnings from General Mills, Micron and Lennar . Micron could keep rising after shares rallied on Friday, but Lennar may have a harder time as housing stocks fell following Toll Brothers ' sub-par earnings, Cramer said. Darden Restaurants, Nike and FedEx report on Thursday.

Persons: CNBC's Jim Cramer, Mills, Cramer, he's, Robert F, Kennedy Jr Organizations: Reserve, Darden Restaurants, Nike, Qualcomm, Arm Holdings, Fed, Micron, FedEx, Adidas, Wall

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Broadcom, DraftKings, Costco, Uber, Salesforce & more
▼ + stars: | 2024-12-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are the biggest calls on Wall Street on Friday: Goldman Sachs initiates TechnipFMC as buy Goldman says the offshore company has "idiosyncratic growth." Goldman Sachs upgrades Patterson-UTI Energy to buy from neutral The firm says it sees shareholder returns for the energy company. Needham upgrades Upstart to buy from hold Needham says it likes the AI lending platform company's balance sheet following earnings. Mizuho reiterates Salesforce, Microsoft and Adobe as outperform The firm says the Salesforce, Microsoft and Adobe are top ideas in 2025. JPMorgan upgrades Penn to overweight from neutral The firm says Penn is too attractive to ignore right now.

Persons: Goldman Sachs, Goldman, Patterson, DA Davidson, Davidson, Needham, UPST, Morgan Stanley, Apple, it's, Uber, Mizuho, Wolfe, Horton, DraftKings, Mills, Penn, sightline Organizations: UTI Energy, America, Titan International, Bank of America, of America, Broadcom, COTY, Apple Intelligence, UBS, Energy, OPEC, Salesforce, Microsoft, Adobe, Cloud, BMO, O'Reilly, O'Reilly Automotive, Therapeutics, Meta, Mizuho, Canadian, JPMorgan, Barclays, Norwegian Cruise, MKS, Gaming, Retail, North American Service Providers, Nvidia, Costco Locations: America, Texas, Norwegian, Buffalo, 2H25

Does your performance supplement contain a side of the main ingredient in Viagra? The FDA has issued scores of alerts about hidden ingredients in performance products. Patients often have a misconception that because they’re taking supplements and not pharmaceutical drugs, it’s safe, he said. Patients often hear about the benefits of supplements online through online marketing or male influencers in fitness and health who regularly promote supplements to build muscle, grow hair and enhance libido. “Patients would bring bags of dietary supplements and I would sit down and review them with them,” Jafari said.

Persons: Jesse Mills, ”, Pieter Cohen, doesn’t, “, Max, Mahtab Jafari, Cohen, Mills, “ There’s, ” Mills, Duffy MacKay, Mills isn’t, that’s, ” Mackey, ” Jafari Organizations: FDA, Food and Drug Administration, UCLA Health, ”, Harvard Medical School, what’s, University of California, Responsible Nutrition, Johns Hopkins Medicine, Products Locations: ZoomMax, U.S, University of California Irvine

☆ It’s not just you: McDonald’s really was in the news a lot this year
▼ + stars: | 2024-12-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —2024 may not have been the best or worst year ever for McDonald’s — but it was certainly a memorable one. Another Pennsylvania McDonald’s became the backdrop for the culmination of a massive manhunt this week, when an employee at an Altoona location alerted police to a patron who resembled the suspected gunman who killed UnitedHealthcare’s CEO in Manhattan last week. In that way, McDonald’s became a kind of scapegoat for people who were exhausted of stretching their budgets to afford food and suspecting (not without reason) that corporate greed was at least partly to blame. “We’re always living in some way with McDonald’s,” she noted. “And I think in a lot of ways, we’re all working for McDonald’s — whether we work in a restaurant or not.”

Persons: CNN Business ’, Kamala Harris, Donald Trump, Pennsylvania McDonald’s, Grimace, Marcia Chatelain, ”, ” Chatelain, “, ” Trump, Doug Mills, McDonald’s, It’s, Chatelain, “ We’re Organizations: CNN Business, New York CNN, Republican, Democratic, Major League Baseball, Mets, Yankees, University of Pennsylvania Locations: New York, Bucks County , Pennsylvania, Pennsylvania, Altoona, Manhattan, Brooklyn , New York, Black America, Feasterville, Trevose , Pennsylvania, America

☆ Lawsuit accuses major food companies of marketing ‘addictive’ food to kids
▼ + stars: | 2024-12-11 | by ( ) edition.cnn.com time to read: +2 min

Reuters —Major food companies, including Kraft Heinz, Mondelez and Coca-Cola, were hit with a new lawsuit in the US on Tuesday accusing them of designing and marketing “ultra-processed” foods to be addictive to children, causing chronic disease. His lawyers at the firm Morgan & Morgan, a major US plaintiffs’ firm, described the case as the first of its kind. The other companies being sued are Post Holdings, PepsiCo, General Mills, Nestle’s US arm, WK Kellogg, Mars, Kellanova and Conagra. Current U.S. Food and Drug Administration Commissioner Robert Califf has said that ultra-processed foods are likely addictive. Martinez’s lawsuit alleges that the food companies have long known their products are harmful and deliberately engineered them to be as addictive as possible.

Persons: Kraft Heinz, Mondelez, Bryce Martinez, Morgan, General Mills, WK Kellogg, Sarah Gallo, “, Robert Califf, Robert F, Kennedy Jr, Donald Trump’s, Philip Morris, R.J, Reynolds Organizations: Reuters, Post Holdings, PepsiCo, General, Consumer Brands Association, U.S . Food, Drug, U.S . Department of Health, Human Services, FDA Locations: Philadelphia, Pennsylvania, Mars

☆ ‘Book detectives’ step up hunt for Jewish-owned works looted by the Nazis
▼ + stars: | 2024-12-11 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +7 min

Though these institutions were never built, crates of looted books were sent to sorting centers to be processed – often by forced Jewish labor. Diane Mizrachi, a librarian at UCLA, knew virtually nothing of the looted books until 2020, when she received an unexpected email. Jewish Museum Prague“I see it as a moral and ethical issue,” she added. Some of the looted books returned by UCLA to the Jewish Museum in Prague Shannon Tanhayi Ahari/UCLA LibraryThe process of recovering them is, therefore, not straightforward. The new exhibition features some of the looted books.

Persons: Adolf Hitler’s, Samuel Blinder, Diane Mizrachi, Mizrachi, “, ‘, ’, ”, ” Mizrachi, –, I’m, it’s, Michal Bušek, Prague Shannon Tanhayi Ahari, Bušek, Irene Aue, David, Leo Baeck Organizations: US, UCLA, Jewish Museum, Jewish, Community, Nazis, CNN, “, Lost, University Library Frankfurt, Higher Institute for Jewish Studies, Leo Baeck Institute, Association of Locations: Europe, Prague, Czech, North America, Israel, Nazi, Bohemia, Moravia, Germany, Berlin, Ben, Jerusalem, United Kingdom

☆ Jay-Z's response to sexual assault allegations was missing one key thing, according to PR pros
▼ + stars: | 2024-12-10 | by ( Olivia Singh | Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Jay-Z was named in an amended complaint to a lawsuit against Sean "Diddy" Combs, filed in October. Jay-Z's response to the rape accusations against him is missing something, according to one crisis-PR expert. The stars were only identified in the civil lawsuit as "Celebrity A" and "Celebrity B." He's "too big to cancel, and his brand is too strong to be destroyed by a civil lawsuit," Nierman said. "Jay-Z is not going to be defined by these allegations," Nierman said.

Persons: Jay, Sean, Diddy, Combs, drugging, —, Shawn Carter —, Carter, Tony Buzzbee, Evan Nierman, Nierman, would've, Jane Doe, Alex Spiro, Kevin Mazur, Camron, Mills Sadat Dowlat, Dowlatshahi, it's, Damian Williams, VALERIE MACON, who's, he's, Carter's, Spiro didn't Organizations: MTV, Business, The Recording Academy, Buzzbee, Getty, Beyoncé Locations: Brooklyn, New York City, Los Angeles, Manhattan, AFP

☆ McKinsey reportedly promoted its smallest new partner class in years amid a consulting slowdown
▼ + stars: | 2024-12-10 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

McKinsey will promote about 200 people to partner this year, The Wall Street Journal reported. Partner payouts at the Big Four consultancies have been falling amid a tough climate for professional services. AdvertisementConsulting firm McKinsey is promoting one of the smallest groups in recent years to the level of partner. Partner payouts at the Big Four consultancies have fallen this year. UK partners received an average of £723,000 (about $938,000), compared with £761,000 (about $987,000) the previous year.

Persons: Doug Martin, General Mills Organizations: McKinsey, Street Journal, Big, Street, Business Locations: PwC

☆ What the Omnicom-IPG deal means for workers across the global ad industry
▼ + stars: | 2024-12-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Ad industry workers should expect concerned clients and bruised egos as the two companies combine. AdvertisementA coming mega-merger is set to make waves across the advertising world, especially among the millions of people employed by ad agencies globally. The deal would create the world's largest advertising agency holding company. They said ad industry workers should expect disruption like job cuts and opportunistic rivals swooping in for concerned clients as the new Omnicom takes shape. Job security in the ad agency world has been increasingly hard to come by.

Persons: Omnicom, Doug Martin, General Mills, Steve Boehler, Forrester, Martin Sorrell, Sorrell, IPG, John Wren, Wren, Publicis, Maurice Levy couldn't, Shannon Stapleton, creatives, Simon Francis, Jay Wilson, Wilson Organizations: Interpublic Group, General Mills . Industry, IPG, Mercer Island Group, Bureau of Labor Statistics, S4 Capital, WPP, Nike, Reuters, Flock Associates, Gartner Locations: Omnicom

I was a child during the brief war between Georgia and Russia in 2008. I remember seeing charred buildings in the eastern town of Gori and tanks on the Military Highway, a road that enters Georgia from Russia. When the elections in October ended in Georgian Dream’s favor amid allegations of vote rigging and after months of failed protests, nihilism and fatigue set in. integration talks would be suspended until 2028, in a country where public support for joining the bloc has polled around 80 percent. The mood suddenly shifted: People were no longer defeated; they were furious.

Persons: Irakli Kobakhidze, Georgia’s Locations: Georgia, Russia, Gori, Russian

☆ Vox Media is laying off staff as part of a reorg. Here's the memo outlining the changes.
▼ + stars: | 2024-12-05 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Vox Media just cut staff across its lifestyle brands, CEO Jim Bankoff announced in a memo to staff. A Vox Media spokeswoman declined to say how many people were let go in the current reduction. Vox Media got the lifestyle brands Thrillist and PS (previously named PopSugar) when it acquired fellow digital media company Group Nine in early 2022. AdvertisementBankoff said in the memo that Vox Media would continue to focus on areas where it sees the most opportunity, including building direct audiences and its Vox Media Podcast Network. To everyone at Vox Media, thank you for your continued commitment to our work.

Persons: Jim Bankoff, Mills, Doug Martin, Bankoff, we've, I'm, Jim Organizations: Vox Media, New York, Nine, Google, Facebook, Big Tech, Vox, Bankoff, Media Production, Technology

☆ US Steel: Trump again vows to block Japanese firm’s controversial takeover
▼ + stars: | 2024-12-02 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump has repeatedly said he intends to block a Japanese firm’s $15 billion takeover bid of US Steel upon taking office, saying the former American giant can eventually stand on its own. “As President, I will block this deal from happening. But in recent years, US Steel has fallen far below other American steel companies in output and stock market value. And the US steel industry is a shell of its former self, with no company among the 10 largest steel producers around the globe. It had put itself up for sale last year after receiving an unsolicited $7 billion takeover offer from Ohio-based Cleveland Cliffs.

Persons: Donald Trump, ”, JP Morgan, Charles Schwab, Trump, Joe Biden, Kamala Harris Organizations: CNN, US Steel, U.S, Steel, “, Carnegie Steel Corp, Nippon Steel, Republican, Foreign Investment Locations: American, Pittsburgh, United States, Tokyo, Ohio, Cleveland

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

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

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

☆ Ikea warns Trump’s tariffs could push up prices
▼ + stars: | 2024-11-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“We have never experienced a period of benefit when we had high tariffs,” he said, referring both to Ikea and the global economy. We will need to understand and adapt.”On Monday, President-elect Trump promised massive hikes in tariffs on goods coming from Mexico, Canada and China. The bulk of Ikea’s goods — some 70% — are produced in Europe, with the remaining 30% made in Asia, mostly China. Last year, Ikea cut prices on roughly 2,000 products — at a cost of more than €2 billion ($2.1 billion) — to give inflation-weary consumers a break. Ikea's Frakta bag displayed in Munich during a celebration of the brand's 50th anniversary in Germany on October 17, 2024.

Persons: Donald Trump’s, ” Jesper Brodin, ”, Trump, Claudia Sheinbaum, Tom Madrecki, General Mills, Molson, Ikea’s Brodin, Hus, Johannes Simon Organizations: London CNN, Ingka, CNN, Ikea, Consumer Brands Association, Molson Coors, Oxford Locations: Mexico, Canada, China, United States, Europe, Asia, Munich, Germany, Wembley, Croydon, London

☆ Escaping Trump’s tariffs has required navigating a ‘broken’ system vulnerable to corruption, businesses and academics say
▼ + stars: | 2024-11-26 | by ( Matt Egan | ) edition.cnn.com time to read: +10 min

And it underscores frustrations with a tariff exclusion process launched during the first Trump administration that is often described as murky and messy. It’s not clear how or when those higher China tariffs will take effect – nor whether businesses will again have the opportunity to apply for exclusions. But what is clear is that the USTR’s tariff exclusion process during the first Trump administration raised significant concerns in Corporate America. The Trump transition did not provide details on what a tariff exclusion process will look like in the new administration. The researchers did not study tariff exclusions under the Biden administration.

Persons: Bobby Djavaheri, Djavaheri, ” Djavaheri, ”, Tom Madrecki, General Mills, Molson, Donald Trump, It’s, Trump, Brian Hughes, Vance, ” Hughes, USTR, “, ” Relatedly, Jesus Salas, ” Salas, Salas, –, “ It’s, Biden, Sam Michel, Michel, Veljko Fotak, hasn’t, ” Fotak, David French, ” Madrecki, “ We’re Organizations: New, New York CNN, Trump, United States Trade Representative, Consumer Brands Association, Molson Coors, Corporate America, Lawmakers, CNN, Commerce, Companies, Republican, Financial, Democratic, Lehigh University, SUNY Buffalo, Biden, National Retail Federation Locations: New York, China, Trump

☆ Here's how Nvidia CEO Jensen Huang won over his wife
▼ + stars: | 2024-11-25 | by ( Lakshmi Varanasi | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

AdvertisementNvidia CEO Jensen Huang met his wife Lori Huang at Oregon State University. Huang said he promised her he'd be CEO by 30 to ensure she'd marry him. When Jensen Huang met his wife in college, the odds weren't in his favor. Huang said in a 2010 New York Times interview that he also waited tables at Denny's while he was a student. The CEO also credits his wife and daughter with establishing his signature style: the black leather jacket.

Persons: Jensen Huang, Lori Huang, Huang, she'd, he'd, Lori Mills, Spencer, Ryan Patel, Patel Organizations: Oregon State University, Hong Kong University of Science, Technology, OSU College of Engineering's, Nvidia, OSU, Stanford University, New York Times Locations: Madison, Denny's

☆ What Trump's Treasury pick could mean for his economic policies
▼ + stars: | 2024-11-25 | 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 EmailWhat Trump's Treasury pick could mean for his economic policiesEd Mills, Raymond James Washington policy managing director, joins CNBC's 'Money Movers' to discuss Trump's pick of Scott Bessent for Treasury Secretary, how it could change the implementation of some of Trump's economic policies, and more.

Persons: Ed Mills, Raymond James Washington, Scott Bessent Organizations: Treasury

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