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A banana duct-taped to a white wall — or an acclaimed piece of art, depending how you look at it — sold at a Sotheby's auction for $6.24 million on Wednesday. The artwork debuted at Art Basel Miami Beach in December 2019 and was initially estimated to sell around $1.5 million, according to Sotheby's. At one point, someone even took the banana off the wall and ate it. According to Sotheby's, Cattelan "single-handedly prompted the world to reconsider how we define art, and the value we seek in it." As Galperin put it, "There is no better forum to adjudicate the value of art and a single object than the platform of auction."

Persons: —, Maurizio Cattelan's, Nancy Durrant, Maurizio Cattelan, David Galperin, Sotheby's, rhapsodically, Durrant, Lucius Elliot, Durrant —, Elliot, Maurizio, Emmanuel Perrotin, Perrotin, Galperin Organizations: Art Basel Miami Beach, Art Basel, Americas, New, New York Post, Vogue Locations: New York

☆ Britain’s 'mini-budget' disaster should serve as a warning to the U.S., bond strategists say
▼ + stars: | 2024-11-21 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Bloomberg | Bloomberg | Getty ImagesFears are mounting that the U.S. could soon experience its own version of Britain's "mini-budget" crisis, with bond strategists warning that Donald Trump's return to the White House brings with it the specter of currency volatility and surging bond yields. The former president's economic agenda has ratcheted up concerns about a surge in consumer prices, which strategists say could spark significant shifts in bond yields and investor behavior. They warn a scenario that mirrors Britain's mini-budget crisis of 2022 is not out of the question. watch nowBritain's mini-budget crisis refers to a tumultuous period under former Prime Minister Liz Truss and ex-Finance Minister Kwasi Kwarteng. Bond yields tend to rise when market participants expect higher consumer prices or a growing budget deficit.

Persons: Donald Trump, Donald Trump's, Trump, Remtulla, Liz Truss, Kwasi Kwarteng, Kwarteng, Althea Spinozzi, Trump's, Spinozzi, Angela Weiss, Paul Ashworth, Ashworth, Thierry Wizman, likelier, Wizman Organizations: Economic, of New, Bloomberg, Getty, EFG, CNBC, U.S ., Finance, U.S, Bank of England, Saxo Bank, White, Treasury, Traders, New York Stock Exchange, AFP, Capital Economics, Macquarie Group Locations: of New York, New York, U.S, Foreign, Treasurys, Treasuries, New York City, America

☆ Elon Musk says he's had little to do with Trump's cabinet picks — he just likes 'spending time' with the man
▼ + stars: | 2024-11-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

But the Tesla and SpaceX CEO said he's had little input on Trump's Cabinet picks. Elon Musk says he's had little input on President-elect Donald Trump's cabinet picks. He was a major contributor to Trump's campaign, spending just under $119 million on his pro-Trump political action committee, America PAC. Musk, according to multiple media reports, has joined Trump's calls with Ukrainian President Volodymyr Zelenskyy and Google CEO Sundar Pichai. Lutnick, Musk wrote in an X post on November 16, "will actually enact change," compared to another candidate, hedge fund CEO Scott Bessent.

Persons: Elon Musk, Donald Trump, he's, Musk, Donald Trump's, Haven't, Robert F, Kennedy Jr, cott, ott Organizations: SpaceX, Cabinet, New York Post, Trump's, UFC, Trump, Madison Locations: Lago, Palm Beach , Florida, usk

A homeless Florida man was arrested Wednesday and charged with plotting to bomb the New York Stock Exchange to force a "reboot" or "reset" of the U.S. government, according to a criminal complaint. Yener told agents at the time that he was creating “rockets” with very “volatile” chemical mixtures that would explode if they were mixed incorrectly, the complaint says. Undercover FBI agents later made contact with Yener and convinced him they wanted to help him carry out an attack, it says. “There is one place that would be hella easy...the stock exchange, that would be a great hit," Yener said, according to the complaint. So that’s perfect.”Days later, he told a group of undercover FBI agents that he wanted to bomb the stock exchange the week before Thanksgiving.

Persons: Harun Abdul, Malik Yener, Yener, ”, Seamus Hughes Organizations: New York Stock Exchange, ., FBI, Facebook, ISIS, Undercover FBI, Walmart, NBC News, Stock Exchange, Court Watch Locations: Florida, Coral Springs, “

Delta Air Lines will begin shaking up its menu by serving Shake Shack cheeseburgers on flights departing from Boston this December, part of a new partnership with the New York-based burger chain. Only first-class fliers on routes over 900 miles will be able to pre-select a Shake Shack cheeseburger as their meal option starting Dec. 1, Delta Airlines said Tuesday in a press release. Passengers will be served a Caesar salad, chips and a dark chocolate brownie in addition to their cheeseburger, the release stated. "At Shake Shack, we’re always looking for new and innovative ways to meet our guests where they are, even at 35,000 feet," said Michael Kark, President of Global Licensing at Shake Shack. "Taking our beloved cheeseburger to new heights, Shake Shack is proud to partner with Delta as we elevate the in-flight dining and hospitality experience for travelers across the country."

Persons: we’re, Stephanie Laster, Michael Kark, Delta Organizations: Delta Air Lines, New, Delta Airlines, Delta's, Service, Global, Delta Locations: Boston, New York

Mike DeWine, Columbus Mayor Andrew Ginther and other city leaders condemned the neo-Nazis in statements and on social media. But Black locals like Holmes wanted to do more and send a message of solidarity, they said. A group of Black leaders and locals marched through Columbus, Ohio, in a “unity” rally. Dozens of men walked, many side by side, down North High Street, many dressed in all black. He said the atmosphere among Black Columbus residents was one of fear and anxiety, with many wondering if they were safe in the city.

Persons: Derrick Holmes, ” Holmes, Joe Biden, Andrew Bates, Nazism, Mike DeWine, Columbus Mayor Andrew Ginther, Holmes, Black, Sean Walton Jr, Brian Winston, Walton, ” Winston, “, ” Walton, ”, Elaine R, Bryant, Winston, Donald Trump’s, Anne Frank ”, Trump, Christian supremacists, Trump’s, Karoline Leavitt, Oren Segal, Jon Lewis, George, ” Lewis Organizations: Columbus ’ Union, Columbus ’ Union Grove Baptist Church, North, North Arts District, ”, ” Ohio Gov, Columbus Mayor, of, Black Columbus, Columbus, Columbus Division of Police, Police, Washington Post, Nazi, Defamation League Center, Extremism, New York Times, Hate, George Washington University’s Program Locations: Columbus , Ohio, Columbus, Columbus ’ Union Grove, United States, ” Ohio, of Central Ohio, Houston, Black, Michigan, Ohio, Springfield, Charlottesville , Virginia, Louis, “

☆ What Trump's return to the White House could mean for global bond yields
▼ + stars: | 2024-11-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesDonald Trump's U.S. election victory has ratcheted up concerns about higher prices, prompting strategists to rethink the outlook for global bond yields and currencies. Trump's return to the White House is seen as likely to throw a wrench in the Federal Reserve's rate-cutting cycle, potentially keeping an upward bias on Treasury yields. Bond yields tend to rise when market participants expect higher prices or a growing budget deficit. "Trump's election advances both possibilities as a trade war and increased fiscal spending work at cross purposes," he added. Germany's 10-year bond yield, the benchmark for the euro zone, stood at 2.337% on Wednesday, marginally lower for the session.

Persons: Donald Trump, Donald Trump's, Alim Remtulla, Remtulla, Kamala Harris, there's, Trump, There's, Shannon Kirwin, Kirwin, Sameer Goel, CNBC's, doesn't, Goel, MUFG Organizations: Bloomberg, Getty, EFG, Fed, CNBC, Treasury, Democratic, New York Stock Exchange, China News Service, Morningstar, European Union, Deutsche Bank, Trump, U.S, U.S ., Singapore, Malaysian, South Korean, ING Locations: Greensboro , North Carolina, Europe, United States, New York City, U.S, Mexico, Asia, China

☆ Stock futures are little changed, Nvidia shares slip after earnings report: Live updates
▼ + stars: | 2024-11-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are near flat Wednesday night as investors parsed the all-important earnings release from artificial intelligence darling Nvidia . Investors kept a close eye on after-the-bell earnings from Nvidia, the chipmaker that has dazzled Wall Street for more than a year as a key AI beneficiary. While the company beat expectations for the third quarter and issued strong guidance, shares shed more than 1%. On the other hand, Snowflake jumped more than 19% after the data analytics software company beat expectations for the third quarter. That action follows a mixed day on Wall Street, with the S&P 500 ending near flat.

Persons: University's, Snowflake, Dow, Beth Hammack, Austan Goolsbee, Jeff Schmid Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Investors, Dow, University's Stern School of Business, Traders, Cleveland Federal, Chicago Fed, Kansas City, Intuit Locations: New York City, New

☆ Who is Cher's boyfriend Alexander Edwards? The 38-year-old music executive has a son with Amber Rose
▼ + stars: | 2024-11-20 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

AdvertisementCher is dating Alexander Edwards, a music executive and producer. Cher rose to fame alongside her first husband Sonny Bono, who was 11 years her senior. AdvertisementEdwards is a music-industry executive who has worked with Def Jam RecordsTyga and Alexander Edwards at the 2024 Victoria's Secret Fashion Show. AdvertisementAs for his future plans, Edwards told Stoned Fox that he's also interested in acting. "Slash Electric Alexander Edwards.. the world is urs now," he wrote in the caption, per People.

Persons: Alexander Edwards, Edwards, Slash, who's, Cher, Alexander, AE, Sonny Bono, Warren Beatty, Kevin Mazur, Stoned Fox, Coco Jones, Muni Long, Justin Bieber, LL, Rihanna, YK Osiris, Osiris, Riggs Morales, Kylie Jenner, He's, Tupac, Usher, Pharrell, Tyga, he's, Amber Rose Alexander Edwards, Amber Rose, Roger Kisby, Def Jam Rose, Donald Trump, Ye, Wiz Khalifa, Sebastian, Rose, urs, Rose accused Edwards, doesn't, Sonny, hadn't, Slash Electric Alexander Edwards, Elisabeth Egan Organizations: Def Jam, Sony Music, New York Times, Def Jam Records, Sony Music Publishing, Last Kings, Last Kings Records, Republican National Convention, TMZ, CBS, Slash Electric Locations: Los Angeles, England

The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. Snowflake shares on Wednesday spiked 19% in extended trading after the data analytics software maker reported fiscal third-quarter earnings that beat estimates. Product revenue, at $900.3 million, represented around 96% of total revenue. Snowflake called for $3.43 billion in fiscal 2025 product revenue, implying 29% growth. Snowflake had 10,618 customers at the end of October, having added 369 in the fiscal third quarter.

Persons: Snowflake, StreetAccount, Snowflake's, we've, Jefferies Brent Thill Organizations: New York Stock Exchange, Anthropic

☆ Opening Bell: November 20, 2024
▼ + 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 EmailOpening Bell: November 20, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from November 20, 2024.

Organizations: New York Stock Exchange, Nasdaq

☆ Wall Street awaits Nvidia's earning report for clues about the chip giant's future
▼ + stars: | 2024-11-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, all eyes are on Nvidia's earnings report after the bell and what it says about the chip giant's future. As the world's top provider of AI chips, demand for Blackwell is a bellwether for the industry's appetite for continued investment in AI. Reports of Blackwell chips overheating spooked the market earlier this week. AdvertisementIt's another cost companies investing in AI chips need to consider in addition to the energy required to fuel them, which has been a headache for tech giants . Barclays trimmed earning estimates next year by as much as 10% for some of the biggest buyers of AI chips, like Meta, Amazon, and Alphabet.

Persons: Jocko, we've, Getty, Tyler Le, It's, Matthew Fox, Blackwell, Jensen Huang, —, BI's Emma Cosgrove, There's, hasn't, Howard Lutnick ANGELA WEISS, Howard Lutnick, Cantor Fitzgerald, Julian Robertson, Tiger hasn't, Goldman, Vivek Bantwal, Goldman Sachs, Rebecca Zisser, Rob Kim, Arturo Holmes, Chelsea Jia Feng, Trump's, Elon, colluding, Gary Wang, Sam Bankman, Gina Raimondo, Antony Blinken, Bill Hwang, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Retired Navy, Nvidia, Blackwell, Barclays, Getty, Trump, New, Tiger Management, Partners, Companies, Alexa, Uber, Ticketmaster, Apple, Google, DOJ, International Network of AI, Archegos Capital Management Locations: New York, Silicon, San Francisco, Chicago, London

☆ Stained-glass Tiffany window sells for record $12.48 million at auction
▼ + stars: | 2024-11-20 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —A stained-glass Tiffany window originally designed for an Ohio church has sold for $12.48 million at auction. This is the first time the window has come to auction in 24 years and the sale sets a new auction record for Tiffany Studios. It sold for $2 million back in 2000, which was a world record for a Tiffany window at that time. That was the “thematic precursor” for the Danner Memorial Window 10 years later, Sotheby’s said in a press statement. The museum acquired Garden Landscape, designed in 1912, a three-part window designed by Northrop, last year.

Persons: Danner, Louis Comfort Tiffany –, Tiffany, Charles Lewis Tiffany –, Agnes Northrop, Northrop, Sotheby’s, John, Terressa Danner, Alan Gerry, Jodi Pollack, Louis Comfort Tiffany, Agnes Northrop’s Organizations: CNN, Tiffany Studios, Reformed, Baptist Church, Metropolitan Museum of Art, Northrop Locations: Ohio, York, Sotheby’s, Reformed Church, Flushing, New York, Canton , Ohio

☆ Israel is offering $5M and safe passage out of Gaza to anyone who turns over its hostages
▼ + stars: | 2024-11-20 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +2 min

AdvertisementPM Benjamin Netanyahu offered $5 million to anyone in Gaza who handed over hostages to Israel. In Israel, there is mounting pressure on Netanyahu to free those remaining in captivity in Gaza. AdvertisementNetanyahu said Tuesday, while touring a section of the Gaza Strip, that Israel is doing everything it can to locate and return the hostages, per The Times of Israel. AdvertisementThe New York Times reported that Netanyahu also offered a "safe way out for himself and his family" to whoever returns hostages to Israel. The Israel Defense Forces has sought to destroy Hamas and free the hostages, but with that has come devastating destruction.

Persons: Benjamin Netanyahu, Netanyahu, — Organizations: New York Times, Israel Defense Forces Locations: Gaza, Israel, Israeli, Egypt

☆ Exclusive: Prompt Security raises $18 million to help companies better secure generative AI tools like ChatGPT
▼ + stars: | 2024-11-20 | by ( Leena Rao | ) www.businessinsider.com time to read: +2 min

Founded in 2023, Prompt Security helps businesses close security gaps associated with AI usage. Later, he focused on building security software at Checkpoint and Orka Security. His latest venture, Prompt Security, is helping companies manage the cybersecurity risks associated with generative AI tools like OpenAI's ChatGPT or Google's Gemini. Related VideoAlmost 30% of companies deploying AI had an AI security breach in 2023, according to a Gartner survey. Golan explains that as employees use generative AI tools like chatbots, new threats emerge with data, intellectual property, and more.

Persons: Itamar Golan, Golan Organizations: Security, Israel Defense Forces, Orka, Business, Jump Capital, Hetz Ventures, Ridge Ventures, Gartner, Fortune, The New York Times, Palo Alto Networks Locations: cybersecurity

☆ I dropped 80 pounds by changing my diet, walking my dog, and competing with friends over our step count
▼ + stars: | 2024-11-20 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

The flight attendant took action by improving her diet and taking her little dog for long walks. She lost 80 pounds in less than a year and is able to keep up with her energetic, 6-year-old child. I did it by changing my diet and walking my dog more. I only put on 20 pounds during my first pregnancy with my son, Andy, in 2000 and lost it pretty quickly. I no longer took the elevator in the New York subway and went for the stairs.

Persons: Diana Coello, You've, I'd, Andy, Milania, COVID, Kenny, fryer, Dianne, Angie, Bruno, I've Organizations: Netflix, New York, Business Locations: New York City, chihuahua

☆ Welcome to the shopping mall for the TikTok era
▼ + stars: | 2024-11-20 | by ( Dan Whateley | Amanda Perelli | ) www.businessinsider.com time to read: +6 min

A new brick-and-mortar store from the e-commerce startup Outlandish is bringing to life the world of TikTok Shop. In addition to TikTok Shop, Outlandish has experience working with brands to help them sell on Douyin and other social apps. Other TikTok Shop sellers have experimented with adding livestreaming spaces to their storefronts, such as the New York-based pre-owned luxury store What Goes Around Comes Around. Outlandish, which began in 2018 as a social shopping agency in China, is an official TikTok Shop partner. If that does happen, August said Outlandish's Santa Monica sellers could pivot to livestreaming on other platforms.

Persons: Anker, TikTok, Allison Wise, Amanda Perelli, William August, ByteDance, it'll, Outlandish's, Outlandish's Santa Monica Organizations: Goli, QVC, TikTok, US, Congress Locations: Los Angeles, China, Santa Monica's, influencers, Santa Monica, Asia, Los Angeles and New York, Mexico, Spain, America, New York, Santa, Outlandish's Santa, livestreams

☆ Federal Inquiry Traced Matt Gaetz’s Venmo Payments to Women
▼ + stars: | 2024-11-20 | by ( Michael S. Schmidt | ) www.nytimes.com time to read: +1 min

Federal investigators established a trail of payments from Matt Gaetz, President-elect Donald J. Trump’s choice to be attorney general, to women including some who testified that Mr. Gaetz hired them for sex, according to a document obtained by The New York Times and a lawyer representing some of the women. The document, assembled by investigators during a three-year sex-trafficking investigation into Mr. Gaetz, is a chart that shows a web of thousands of dollars in Venmo payments between Mr. Gaetz and a group of his friends, associates and women who had drug-fueled sex parties between 2017 and 2020, according to testimony that participants are said to have given to federal and congressional investigators. At the parties, women, and a girl who was 17 at the time, were paid for sex, according to accounts of the participants’ testimony from people briefed on what they said. The document bolsters recent claims by a lawyer for two of the women who say they had sex with Mr. Gaetz for money. It shows thousands of dollars in payments Mr. Gaetz made to both of the lawyer’s clients.

Persons: Matt Gaetz, Donald J, Gaetz Organizations: The New York Times

☆ 'Moana' star Auli'i Cravalho says she kept deferring her Columbia place so the acting 'train' didn't come to a 'halt'
▼ + stars: | 2024-11-20 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

AdvertisementAuli'i Cravahlo told "Podcrushed" about deferring a Columbia University place in favor of her career. Auli'i Cravalho, the voice of Moana, said she decided to pause her education aspiration over fears her acting career would lose steam. Cravalho began her acting career at 14, debuting as Disney's first Polynesian princess in 2016's "Moana." Still, Moana is her most popular role as she prepares to return the character in "Moana 2," which is out next week. Cravalho told Scary Mommy and The Cut last year she now has to reapply to Columbia because she deferred her place too many times.

Persons: Auli'i Cravahlo, Glen Powell, Anne Hathaway, Auli'i Cravalho, Moana, Cravalho, Scary, she'd, I'm, Jake Gyllenhaal, Timothée, Powell, Kevin Mazur, YouGov, Gen, Joseph Fuller Organizations: Columbia University, Walt Disney Studios, Columbia, University of Texas, New York, National Center for Education Statistics, Deloitte, Business, Harvard Business School Locations: Moana

“We’re expecting this holiday period to be very consistent with that,” he said. Retailers, including Walmart, are contending with a mixed bag of factors this holiday season. The holiday season is also shorter this year and parts of the U.S. have had unseasonably warm weather, two dynamics that could hurt retailers. That would be lower than the 3.9% year-over-year jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Rainey said the holiday period is “off to a pretty good start.”He said items like TVs, Apple AirPods, Beats headphones and even tires have been selling.

Persons: John David Rainey, “ We’re, ”, “ They’re, Rainey, Walmart’s, Donald Trump’s, it’s, We’ve Organizations: Walmart, CNBC, LSEG, New York Stock Exchange, Sam’s, Walmart U.S, U.S, National Retail Federation, Apple Locations: U.S, China

Now, Fonsi is making his debut as a lead actor in the film “Say a Little Prayer,” which opens at AMC and other theaters nationwide Friday. The movie, which features a nearly all-Latino cast, follows the romantic adventures of three best friends in San Antonio. “And to be able to do that in a film is great.”A poster for “Say a Little Prayer,” opening Friday. Luis Fonsi performs the theme song from “Say a Little Prayer” in San Antonio. The cast and crew of “Say a Little Prayer” in San Antonio in October.

Persons: Luis Fonsi's, “, ”, I’d, Anthony, Rafael, It’s, valentine, Fonsi, ” Fonsi, Vannessa Vasquez, Jackie Cruz, Vivian Lamolli, Angélica María, Chris Kattan, Luis Fonsi, Patrick Perez Vidauri Vasquez, Adela, Vasquez, ” Vasquez, carne, Selena, ’, Latinas, Cristina Nava, ” Nava, ” Vivian Lamolli, Nava, Jeff Valdez, Sol Trujillo, Edward James Olmos, Olmos, El Viaje, It's, Daddy Yankee, That’s, “ I’m Organizations: NBC News, AMC, Productions, westside, Centro de Artes, San, San Fernando Cathedral, “, Hulu, Cadence Productions, McKinsey & Company, El, YouTube Locations: Miami, Madrid, San Antonio, San Fernando, Mexican, Houston, Los, Latina, Antonio, Hollywood, “, America, U.S, Spain, Puerto Rico

That file included the testimony of the woman who alleges she had sex with Gaetz when she was 17 years old in 2017, as well as the testimony of a second woman who said she witnessed the encounter, and the information is unredacted, according to the source. The file was downloaded from a secure link by a person using the name Altam Breezley, according to the source. The file includes other related documentation that’s under seal and the hacker accessed hundreds of pages, the source said. A representative for Gaetz did not immediately respond to an NBC News request for comment. A source familiar with the contents of the files accessed characterized the contents as very detailed and damaging to Gaetz.

Persons: Matt Gaetz, Donald Trump’s, John Clune, ” Gaetz, Gaetz, Donald Trump, It’s Organizations: Justice Department, NBC, New York Times Locations: Florida

☆ New York Jets fire GM Joe Douglas as tumultuous season spirals further out
▼ + stars: | 2024-11-19 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

The New York Jets fired general manager Joe Douglas on Tuesday, the team announced. The Jets hired Douglas after he spent three years as the Philadelphia Eagles’ vice president of player personnel. In 94 games since Douglas has been general manager, New York has a 30-64 record. And before the 2023 season, Douglas traded for three-time MVP Aaron Rodgers, a move that has proved to be disastrous. The Jets will now need both a new head coach and general manager in the offseason.

Persons: Joe Douglas, Douglas, Joe, Woody Johnson, Zach Wilson, Wilson, Aaron Rodgers, Rodgers, Achilles, Robert Saleh, Saleh, Davante Adams — Rodgers, Adams Organizations: New York Jets, Jets, Philadelphia Eagles ’, NFL, New, Denver Broncos, New York, Green Bay Packers, The Jets Locations: . New York, New York, Egypt

☆ NYC issues first drought warning in over 20 years after record rainless streak
▼ + stars: | 2024-11-19 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +5 min

New York City declared a drought warning on Monday, its first in 22 years, as the Northeast deals with severe dry conditions and brush fires during a historically dry autumn. The last drought warning in New York City was issued in 2002. Under a warning city agencies adopt drought protocols and voluntary water conservation is encouraged for New Yorkers. New York City's water supply needs almost 8 inches of rain to reach normal levels, officials said. Kathy Hochul also declared a statewide drought watch on Monday citing “a historic shortage of rainfall” and elevated 15 counties in the Mid-Hudson region and New York City, to a drought warning.

Persons: Eric Adams, “, ” Adams, Kena Betancur, Adams, ” Rohit Aggarwala, Kathy Hochul, Terence O’Leary Organizations: York City, city’s Department of Environmental, New Yorkers, “, NYC's Department of Environmental Protection, ”, Department of Environmental Conservation, NYS Division of Homeland Security, Emergency Services, Sterling Forest, New York, Park Police, New, New Jersey Forest Fire Service, National Weather Service Locations: York, New York, New York City, Greenwood Lake, N.Y, Delaware, Catskill, New, Hudson, Dutchess, Green, Orange, Putnam, Rockland, Schoharie, Sullivan, Ulster, Westchester, Orange County , New York, NY, NJ, Passaic County , New Jersey, New Jersey, Prospect, New York , New Jersey, Connecticut, Massachusetts

☆ Wall Street analysts tout our 2 cybersecurity stocks ahead of quarterly earnings
▼ + stars: | 2024-11-19 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Wall Street analysts are showing two cybersecurity stocks some love ahead of their quarterly results. In addition, Truist on Monday raised its price target on Palo Alto to $425 from $387 a share. "Larger platformization deals are leading to bigger long-term commitments," Truist said, citing conversations with Palo Alto customers and partners. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Big picture Palo Alto Networks had a rocky start to 2024. And as with Palo Alto, remarks from management should give us a peek into the state of cyber spending overall.

Persons: Jefferies, Truist, management's, Nikesh Arora, Jim Cramer, Morgan Stanley, Jim, Jim Cramer's, Eduardo Munoz Organizations: ISI, Palo Alto Networks, Palo, Alto Networks, Palo Alto, CNBC, Traders, New York Stock Exchange Locations: Palo Alto, Ukraine, Russia, Palo, billings, New York, U.S

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