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☆ 'Broke' Josh Brolin reveals $600,000 payday that changed his life: 'I started bawling'
▼ + stars: | 2024-11-29 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

After breaking out in "The Goonies" in 1985, Brolin's acting career sputtered in the late 80s, through the 90s and into the 2000s. "I spent 22 years just trying to work," Brolin, whose Hollywood prospects were so dismal at points that he turned to stock trading to make a living, said in an appearance on "In Depth with Graham Bensinger." The two roles would turn his fortunes around, both in terms of landing steady acting work, as well as financially. Brolin's career has taken off since then, with star turns in films like "Dune," "True Grit" and "Sicario." Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Josh Brolin's, Brolin's, sputtered, Brolin, Graham Bensinger, Ridley Scott's, He's, Chris Pine, they'd Organizations: Hollywood, CNBC

☆ As retailers enter the holiday shopping season, the winners are pulling away from the pack
▼ + stars: | 2024-11-29 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Target , Kohl's and Best Buy each reported disappointing third-quarter results as early holiday deals fell short of meaningfully boosting their businesses. Choosy consumers have made the gulf between successful and struggling retailers even more stark heading into the holiday shopping season, said Neil Saunders, managing director of GlobalData Retail. That's a smaller year-over-year increase than the 3.9% jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Dick's and Abercrombie both hiked their full-year outlooks this week and said they expect a strong holiday shopping season. Kohl's warned it will have a deeper-than-expected drop in sales and announced a change in CEO ahead of the crucial shopping season.

Persons: Victor J, Fitch, Neil Saunders, Abercrombie, Scott Lipesky, Erik Nordstrom, Wall, John David Rainey, Rainey, Rick Gomez, Taylor Swift Organizations: Blue, Bloomberg, Getty, Walmart, Dick's Sporting Goods, Abercrombie, GlobalData, National Retail Federation, Nordstrom, CNBC, Target Locations: Clifton , New Jersey, U.S

☆ Store-brand stuff is having a moment
▼ + stars: | 2024-11-29 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

AdvertisementShoppers are still buying store brands at the grocery store and beyond to save money. Retailers from Walmart to Amazon Fresh have launched new store brands this year. Shoppers are still reaching for store-brand items to save money on everything from organic milk to business casual clothing — even as inflation slows. AdvertisementCircana said store brands made up 25.5% of grocery items sold in 2023, up from 24.7% the previous year. AdvertisementAldi quality tests 35,000 products a year for its store brands, Patton said.

Persons: John Rainey, Target, Nordstrom, Nordstrom's, Peter Nordstrom, Circana, Scott Patton, Patton Organizations: Private, Retailers, Walmart, Amazon, Shoppers, Unilever, Procter, Gamble, Saver, Nordstrom, Aldi, Aldi USA

“Conclave” could hit the sweet spot for Oscar voters, with its blend of taut airport paperback thrills and contemporary social relevance. The first “Dune” scored 10 nominations at the 94th Academy Awards in 2022 and won six awards that night — the most of any movie in contention — including best sound, best production design, best cinematography, best film editing and best visual effects. Villeneuve is also a favorite with Oscar voters thanks to previous nominated titles like “Sicario,” “Arrival” and “Blade Runner 2049.”How to watch: Stream on Max. ‘Gladiator II’Ridley Scott’s “Gladiator” conquered the Academy Awards more than 23 years ago, winning five trophies, including best picture and best actor, for Russell Crowe. ‘Wicked’The most inescapable blockbuster of the holiday season could cast a spell on Oscar voters.

Persons: publicists, —, “ Oppenheimer ”, ”, Debra Birnbaum, ‘ Anora, Mark Eydelshteyn, Mikey Madison, Sean Baker's, Sean Baker, “, “ Anora ”, Palme, Baker, Bong, ’ Brady Corbet, Mona Fastvold, Adrien Brody, Corbet, Steve McQueen, Saoirse Ronan, Elliott Heffernan, Edward Berger, Ralph Fiennes, Stanley Tucci, John Lithgow, It’s, Oscar, ” Denis, Timothée Chalamet, Villeneuve, ‘ Emilia Pérez ’, Jacques Audiard’s “ Emilia Pérez, Emilia Pérez ”, Karla Sofía Gascón, Selena Gomez, Adriana Paz, Zoe Saldaña —, ’ Ridley Scott’s, Russell Crowe, Scott, Paul Mescal, Pedro Pascal, Connie Nielsen, RaMell Ross, Dozier, Ross, Colson Whitehead, Jesse Eisenberg, Kieran Culkin, ” Eisenberg, Eisenberg, Oscar prognosticators, Culkin, HBO’s, Peter Sarsgaard, Roone Arledge, John Magaro, Ben Chaplin, Greg Kwedar, Colman Domingo, Paul Raci, Jon, Adrian “ J.J, ” Velazquez, NBC’s “, Cynthia Erivo, Ariana Grande, Nicole Kidman, Harris Dickinson, ” Luca Guadagnino’s, James Mangold’s “, Bob Dylan, ” Malcolm Washington’s, Mohammad Organizations: Cannes Film, Cannes, Lion, Apple, Oscar, NBC News, Comcast, Netflix, Denzel Washington, Dozier School for Boys, 51st Telluride Film, Sundance, ABC Sports, ABC, Sing Sing, ”, Arts, Universal Pictures, “ Locations: Hollywood, Los Angeles, Florida, Brooklyn, Russian, Hungarian, United States, Venice, America, Nazi, Amsterdam, London, “, Max, Marianna, Poland, Munich, Telluride, Sing, New York, Iran

☆ 5 things to consider buying before new tariffs take effect
▼ + stars: | 2024-11-28 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

Such tariffs have the potential to significantly increase the prices consumers pay on nearly everything that isn’t made entirely in the US, of which there are very few goods. And as we witnessed during the pandemic, “stockpiling by consumers can actually lead to higher prices in and of themselves and empty store shelves,” he said. That said, here are five items that are likely to get more expensive with any new tariffs Trump imposes that may make sense to purchase before he takes office. But if you need a new one – or will soon – now’s a good time to consider buying. E-bikesOne item that tops the list of things that could get spendier under Trump’s tariffs is e-bikes, Lincicome told CNN.

Persons: Donald Trump’s, Trump, he’s, isn’t, Scott Lincicome, –, ” Lincicome, Ed Brzytwa, Gary Shapiro, “, Corie Barry, Lincicome, “ It’s, Donald Trump Organizations: New, New York CNN, Peterson Institute for International Economics, Cato Institute, Trump, National Retail Federation, Consumer Technology Association, CTA, CNN, “ Locations: New York, Mexico, Canada, China, US

☆ Trump’s wealthy Cabinet picks will have to divest. But the rules make that a potentially lucrative prospect
▼ + stars: | 2024-11-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

Federal ethics laws require those senior government jobs in the Cabinet and beyond to divest their individual stock holdings, lest anyone be tempted to abuse their position of power to juice their personal investments. “The rule of thumb is, recuse or divest,” said Jordan Libowitz, vice president for communications at Citizens for Responsibility and Ethics in Washington, or CREW. “The more complex your assets are, the harder it can be to divest from them. Although the president isn’t subject to conflict of interest laws, most presidents have adhered to them anyway to avoid any appearance of impropriety. Given Trump’s own disregard for ethics rules, it’s not clear how, or even whether, his Justice Department would enforce the criminal conflict of interest laws that his Cabinet picks are subject to.

Persons: who’s, Nixon, Donald Trump, Howard Lutnick, Linda McMahon, —, ”, Jordan Libowitz, Scott Bessent, haven’t, Bloomberg —, Lutnick, Cantor Fitzgerald, Newmark, it’s, ” Robert Rizzi, isn’t, Trump, disentangle, Rizzi, ” Rizzi, John Paulson, you’re, ” Libowitz, George W, Hank Paulson, Goldman Sachs, he’d, JD Vance, he’s, Libowitz, “, ’ ”, didn’t Organizations: New, New York CNN, Treasury Department, titans, Citizens, Forbes, Bloomberg, Government, Key Square Capital Management, Holland, Knight, Treasury, Bush’s, Wall, Trump Media, Technology, Department, FBI, Trump Locations: New York, Washington, Cantor’s, Washington ,

☆ CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed
▼ + stars: | 2024-11-28 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Mike Blake | ReutersThis 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. The SPDR S&P 500 , an exchange-traded fund that tracks the broad-based index, traded around 22.6% fewer shares than its 30-day average. In fact, traders boosted their bets that the U.S. Federal Reserve will lower rates by 25 basis points at its December meeting. "Today's data shouldn't change views of the likely path for disinflation, however bumpy," said David Alcaly, lead macroeconomic strategist at Lazard Asset Management.

Persons: TKWY, Mike Blake, David Alcaly, Scott Helfstein, Chris Verrone, —, Jeff Cox, Scott Schnipper, Alex Harring, Sean Conlon Organizations: Reuters, CNBC, Dow Jones, Big, Nasdaq, U.S . Federal, Lazard Asset Management Locations: Encinitas , California, U.S, Big Tech

A national CBS News/YouGov poll conducted last week found that 71% of people plan to avoid political discussions at Thanksgiving. Voss was among the dozens of people on social media who posted videos about how they are opting out of their family Thanksgiving plans. Van Bavel is director of NYU’s Social Identity and Morality Lab, which studies the dynamics of shared social identities. “There’s way more diversity among Republicans than most Democrats believe, and there’s way more diversity among most Democrats than most Republicans believe,” Van Bavel said. Jay Van Bavel, psychology professor at New York University“One of the biggest fears people have is being socially ostracized,” Van Bavel said.

Persons: Donald Trump, it’s, ”, Alexis Voss, Voss, she’s, “, …, Yale, Amanda Calhoun, MSNBC’s Joy Reid, I’m, ’, Jesse Watters, Elon Musk, Jay Van Bavel, Van Bavel, ” Van Bavel, ” Diana Rodriguez Wallach, Kamala Harris, Wallach, Jordan Williams, MAGA, Williams, Scott Walker, Walker, they’re Organizations: Trump, CBS, Fox News, New York University, Democratic, New York University “ One Locations: Ohio, Pennsylvania, Puerto Rican, California, United States

☆ Treasury yields fall as investors await the Fed’s preferred inflation gauge
▼ + stars: | 2024-11-27 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

ET, the yield on the 10-year Treasury was down by more than three basis points to 4.2673%. The 2-year Treasury yield was also down by more than three basis points at 4.2210%. U.S. Treasury yields were lower on Wednesday as investors awaited a key inflation reading, and weighed statements from the Federal Reserve meeting minutes from November. A flurry of economic data is expected to be published on Wednesday ahead of Thanksgiving on Thursday when markets will be closed. Meanwhile, President-elect Donald Trump's pick of Scott Bessent as Treasury secretary, continues to calm investors nerves.

Persons: Dow Jones, Donald Trump's, Scott Bessent, Bessent Organizations: Treasury, U.S, Federal Reserve, Federal, Traders, CME

☆ Trump sprints through transition as he faces narrow window to act in office
▼ + stars: | 2024-11-27 | by ( Steve Contorno | Aaron Pellish | ) edition.cnn.com time to read: +10 min

On Tuesday, Trump’s transition team signed an agreement with the White House after months of postponing the traditional transition process – a delay that Biden officials warned could undermine an orderly transfer of power and pose national security risks. In a statement announcing the agreement, the Trump transition said it will use its own security and information systems, its own office spaces and maintain its own ethics plan. The transition team said its ethics plan will be posted online in compliance with federal law. Several of Trump’s picks have vast personal fortunes and deep ties to the private sector. Trump’s transition team has so far relied instead on internal vetting.

Persons: Donald Trump’s, Trump, –, Matt Gaetz, Department of Justice – Trump, Pam Bondi, Joe Biden, ”, Brian Ballard, “, ” Ballard, Gaetz, Pete Hegseth, Linda McMahon, Hegseth, McMahon, Howard Lutnick, Scott Bessent, – Lutnick, Florida Sen, Marco Rubio, Tulsi Gabbard, Robert F, Kennedy Jr, Kennedy, – Mehmet Oz, Janette Nesheiwat, Marty Makary, Sen, Markwayne Mullin, he’s, ” Sen, Peter Welch, Karoline Leavitt, Trump’s, untangle, Donald Trump Jr, Eric Trump, Bill Hagerty, Nick Iarossi —, —, ” Iarossi, CNN’s Betsy Klein, Lauren Fox Organizations: CNN, Trump, Republican, Washington, Florida Rep, Department of Justice, Sunshine, Republicans, Mar, GOP, Senate, Senate Republicans, Fox News, Department of Education, Department of Commerce, Bessent, Hawaii Rep, Medicare, Drug Administration, Oklahoma Republican, Vermont Democrat, America, White, Biden, General Services Administration, FBI, Gabbard, – Locations: Manhattan, Palm Beach, New York, Washington ,, Washington, Trump, Ukraine, Oklahoma, Vermont, Mexico, Canada, China, Florida

☆ CNBC Daily Open: The markets are living in Trump’s world for now
▼ + stars: | 2024-11-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brandon Bell | Getty Images News | Getty ImagesThis 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. What you need to know todayThe bottom lineEven before Trump enters the White House, investors are already living in his world. Upon Trump's election win, the so-called "Trump trade" has flourished, with risk assets in general on an upward trajectory. Posturing or not, it's likely Trump's proposed policies will sway the markets in the foreseeable future.

Persons: Donald Trump, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, —, Sarah Min, Alex Harring, Samantha Subin Organizations: GM STLA, SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S

☆ Get ready to pay more at Chipotle
▼ + stars: | 2024-11-27 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

Chipotle's sales rose 6% last quarter, showing resilience amid fast food price hikes. AdvertisementDespite the potential for higher menu prices, Chipotle remains a better value option for customers than similar alternatives, Rymer said, per the Journal. Inflation has not been kind to fast food prices. AdvertisementUnlike some fast food firms, whose sales have taken a tumble as customers have cut back, Chipotle has shown resilience. Chipotle did not immediately respond to a request for comment from Business Insider, made outside regular working hours.

Persons: Adam Rymer, Chipotle, Rymer, Brian Niccol, Niccol, Scott Boatwright Organizations: Wall Street Journal, Wall, Starbucks, McDonald's, KFC, Revenue, Business Locations: Chipotle, Olive

☆ Record Number of Travelers Expected Over Thanksgiving Week
▼ + stars: | 2024-11-27 | by ( Hank Sanders | ) www.nytimes.com time to read: +1 min

Scott Arnould expected traffic and long lines when he arrived at Chicago O’Hare International Airport more than four hours before his flight home to Gulf Shores, Ala., on Tuesday — as experts warned of the busiest Thanksgiving travel week ever. The Transportation Security Administration said it expected to screen 18.3 million travelers from this past Tuesday through Monday — about 6 percent more than in 2023. AAA, the automobile organization, expects this year’s number of travelers will set records, including nearly 72 million motorists. The Midwest is expecting a wind chill, while the South and Northeast are expecting a cold, rainy storm system. Snow is also possible for parts of the Northeast.

Persons: Scott Arnould, —, Arnould, ”, “ Organizations: Chicago O’Hare International, Transportation Security Administration, AAA Locations: Gulf Shores, Ala, United States, South, Northeast

But investors see Bessent as a smart pick for Treasury secretary, and this sentiment sent bond yields — and therefore mortgage rates — lower. But mortgage rates are still elevated compared to where they've been in the last few months. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are still elevated, but over time they should ease as the Fed lowers rates.

Persons: Scott Bessent, they've, Donald Trump's, Freddie Mac Organizations: Treasury, Mortgage Research Center, Mortgage, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed Locations: Chevron

☆ CNBC Daily Open: A new day, a new Trump policy for markets to digest
▼ + stars: | 2024-11-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: STLA, Donald Trump, Sen, Ted Cruz, Brandon Bell, Trump, Scott Bessent, Goldman Sachs's, Jan Hatzius, Gregory Daco, Jamie Cox, —, Sarah Min, Alex Harring, Samantha Subin Organizations: SpaceX, Getty, CNBC, House, Trump, Mexico —, UBS, GM, Ford, Dow Jones, Nasdaq, Harris Financial Locations: Brownsville , Texas, Mexico, Canada, EY, U.S

☆ The world reacts to Donald Trump's latest trade plans
▼ + stars: | 2024-11-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, the world reacts to Donald Trump's latest trade plans , which could be a massive negotiation tactic . Michael M. Santiago/Getty ImagesThe man who dubbed himself a master negotiator is upending the global trade market with his latest tactic. AdvertisementThe world is reacting to President-elect Donald Trump's new trade proposals targeting China, Mexico, and Canada. There's a lot to unpack, so let's break it down:So, Trump finally gave us an update on his tariff plans. He's telegraphed his plans for hammering Chinese imports, but a 25% tax on Canadian and Mexican goods was a shock.

Persons: Donald Trump's, Trump, Michael M, He's, Will, Justin Trudeau, Claudia Sheinbaum's, Jenny Chang, Rodriguez, Goldman, Scott Wren, Wells Fargo's, They've, Elon Musk's, Omead Afshar, Afshar, Prince Williams, Bill Clark, Astrida Valigorsky, Alyssa Powell, Kendrick Lamar, Drake, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Affordable, Canadian, Trump, US, Companies, Getty, JPMorgan, Deutsche Bank, BI, Tesla, North, Spotify, Universal Music, Wall Street Locations: China, Russia, Mexico, Canada, Canada's, East, New York, Chicago, London

☆ Mexico vows to retaliate with its own trade barriers, putting US joint ventures at risk
▼ + stars: | 2024-11-27 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump said he'd put in place 25% tariffs on Mexican imports on his first day back in the White House. Mexico's president said her country would retaliate, which she said would impact joint ventures. During a press conference on Tuesday, Sheinbaum said that "one tariff will be followed by another, and so on, until we put joint ventures at risk." Sheinbaum said, adding that tariffs "would trigger inflation and job losses in the US and Mexico." Meanwhile, President Sheinbaum said that "dialogue is the best path to achieve understanding, peace, and prosperity for our two countries."

Persons: Donald Trump, he'd, Claudia Sheinbaum Pardo, Trump, Sheinbaum, Gabriela Siller, Wendy Cutler, Derek Scissors, Scott Bessent Organizations: Biden, Motors, Ford Motor Company, Banco Base, Associated Press, Asia Society Policy Institute, Trump, American Enterprise Institute Locations: Mexico, Canada, China

☆ Major currencies consolidate as market regroups ahead of US inflation measure
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: +3 min

The New Zealand dollar rose after the Reserve Bank of New Zealand cut benchmark rates by 50 basis points to 4.25% while noting that inflation had declined to near the mid-point of its targeted range. "This uncertainty can lead markets to 'sell first and ask questions later' which is a positive for the USD." The Australian dollar was mostly flat at $0.64755 after domestic consumer price inflation stayed at a three-year low in October. In cryptocurrencies, bitcoin was trading at $91,795, keeping well below the record high of $99,830 it touched last week. It has climbed more than 40% since the U.S. election on expectations Trump will loosen the regulatory environment for cryptocurrencies.

Persons: Donald Trump's, Trump's, Trump, Carol Kong, Joe Biden, Scott Bessent, bitcoin, Bitcoin Organizations: U.S, New Zealand, Reserve Bank of New, jittery, Commonwealth Bank of Australia, Canadian, Treasury, Trump Locations: Reserve Bank of New Zealand, Canada, Mexico, China, United States, U.S, Israel, Iran, France, Israeli, Trump's

☆ Nuuk International Airport opens: Traveling to Greenland is about to get easier
▼ + stars: | 2024-11-27 | by ( Anne Cliford | ) edition.cnn.com time to read: +3 min

That’s thanks to a new international airport, equipped with a 2,200-meter (7,217-foot) runway, opening in the capital of Nuuk. Before the new airport’s opening, traveling by air to Greenland meant flying into smaller cities such as Kangerlussuaq to the north or Narsarsuaq, further south. The new airport will serve as the base for Air Greenland, which will operate an Airbus A330neo plane on a route to Copenhagen, Denmark. Jens Lauridsen, chief executive of Greenland Airports, knows the opening of the new facility at Nuuk will have a big effect on tourism and the economy. She plans on being on the first flight that lands at the new Nuuk International Airport.

Persons: Jens Lauridsen, We’re, Oscar Scott Carl, Qupanuk Olsen, ”, “, Anne Nivíka Grødem, ” Grødem Organizations: CNN, United Airlines, Air Greenland, Airbus, Greenland, YouTube, Nuuk International, “ Locations: Greenland, Nuuk, Newark , New Jersey, It’s, Air, Copenhagen, Denmark, Reykjavik, Iceland, Ilulissat, Qaqortoq

☆ Watch Wendesday's full episode of the Halftime Report — November 27, 2024
▼ + stars: | 2024-11-27 | 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 EmailWatch Wendesday's full episode of the Halftime Report — November 27, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

The latest:Trump wants to impose 25 percent tariffs on Canada and Mexico “on ALL products coming into the United States,” he said on Truth Social. He also wants an “additional” 10 percent tariff on imports from China, which Trump blames for the fentanyl crisis, a charge that Beijing has repeatedly disputed. Europe, Japan and South Korea weren’t even mentioned in Trump’s announcement, but stocks have fallen there, too. That suggests rising fears that a new trade war could scramble global supply chains and dent profits. Automakers are some of the hardest hit stocks, with Volkswagen, Stellantis and Nissan, which run manufacturing operations in Mexico, all down.

Persons: Donald Trump’s, Trump, ”, South Korea weren’t, Scott Bessent, it’s Trump, Robert Lighthizer, Bill Ackman, ” Mohit Kumar Organizations: Trump, Investors, United States ’, —, Truth, Canadian, Volkswagen, Nissan, Treasury Department, Trade Representative, Jefferies Locations: — Canada, China, Mexico, Canada, United States, Beijing, Europe, Japan, South Korea, America

☆ Treasury yields rise as investors await Fed meeting minutes, key data
▼ + stars: | 2024-11-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last at 4.278% after rising by more than two basis points. U.S. Treasury yields were higher on Tuesday as investors looked ahead to the latest Federal Reserve meeting minutes and key economic data due this week. Investors considered the state of the economy as they looked to upcoming data and weighed the outlook for monetary policy as the Federal Reserve's latest meeting minutes are set to be released. Key inflation data is set to be published as the week continues, with the personal consumption expenditure price index for October due Wednesday. The PCE is the Fed's favored inflation gauge and could therefore inform its monetary policy decisions.

Persons: Donald Trump's, Scott Bessent Organizations: Treasury, U.S, Reserve, Investors, Federal, PCE Locations: U.S

☆ Trump’s tariff threats signal the start of a wild ride in currency markets
▼ + stars: | 2024-11-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump's vow to implement additional tariffs on China, Canada and Mexico on day one of his presidency signals the start of a wild ride in currency markets, strategists say, warning it would be risky for investors to underestimate the impact on foreign exchange rates. The announcements prompted a knee-jerk reaction in currency markets, with the U.S. dollar rising more than 2% against the Mexican peso and notching a four-year high against the Canadian dollar . "I think the first reaction here is that investors should get ready for a wild ride in FX volatility," said Kamakshya Trivedi, head of global foreign exchange, interest rates and emerging markets strategy research at Goldman Sachs . The index closed 0.6% lower in the previous session as investors welcomed hedge fund manager Scott Bessent as Trump's pick for U.S. Treasury chief. "This is going to be something that we are all going to have to get used to.

Persons: Donald Trump's, Trump, Kamakshya Trivedi, Goldman Sachs, Scott Bessent, Trivedi, CNBC's Organizations: U.S, Canadian, Goldman, The U.S, Treasury Locations: China, Canada, Mexico

☆ Why are planes so jammed? Airlines want it that way so they can charge more
▼ + stars: | 2024-11-26 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

A record 31 million passengers are expected to fly US airlines over the course of this week, according to Airlines for America, the industry trade group. And while many airlines have increased the available number of flights and seats, those capacity increases have not kept pace with demand. With some of the busiest months yet to come, a new record for the percentage of seats airlines’ filled is within reach. Airlines are signaling prices will probably go higher as some of the lower-fare airlines struggled with ongoing losses and sharply reduced their capacity. But critics of the airlines say troubles at the lower fare airlines aren’t solely to blame for higher fares.

Persons: it’s, Fuller, —, ”, Scott Keyes, Andrew Nocella, “ We’ve, Scott Kirby, William McGee, It’s, ” McGee, “ Organizations: New, New York CNN, Airlines for America, Spirit Airlines, Southwest Airlines, JetBlue Airways, Spirit, JetBlue, Frontier, American Economic Liberties Locations: New York, Cirium, Southwest, Delta, United States, United

☆ CNBC Daily Open: Investors endorse Trump’s Treasury secretary pick
▼ + stars: | 2024-11-26 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In contrast to Wall Street, Asia-Pacific markets mostly fell on Tuesday. Wall Street likes BessentScott Bessent, President-elect Donald Trump's pick for U.S. Treasury secretary, has got a big thumbs up from the stock as well as bond markets. Wall Street strategists heaped praise on Bessent; global analysts also think Trump's pick is favorable for markets. Investors are in a risk-on mood because of Bessent's perceived friendliness to Wall Street and reports of Israel and Hezbollah moving closer to a cease-fire.

Persons: Scott Bessent, Bessent Scott Bessent, Donald Trump's, Trump Organizations: Key, CNBC, Japan's Nikkei, U.S, Treasury, Wall, Trump, buybacks Companies, Barclays Locations: Washington ,, Street, Asia, Pacific, Hong Kong, Mexico, Canada, Israel

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