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☆ New stock exchange aiming to offer 23-hour trading set to launch in 2025
▼ + stars: | 2024-11-29 | by ( Jesse Pound | ) www.nbcnews.com time to read: +1 min

A new stock exchange launching next year is on track to offer nearly round-the-clock trading on business days, pending final regulatory approvals, 24 Exchange announced late Wednesday. The 24X National Exchange will debut in the second half of 2025, with trading from 4:00 a.m. ET on Friday, with a one-hour pause each day, once the exchange clears some final hurdles with the U.S. Securities and Exchange Commission. The arrival of 24X is part of a broader push toward a wider window of time for stock trading. Certain brokerage firms, including Robinhood Markets and Interactive Brokers, already offer extended trading on certain securities to their clients.

Persons: Dmitri Galinov, 24X Organizations: Exchange, 24X, U.S . Securities, Exchange Commission, Robinhood, Interactive, “, ” Locations: Stamford , Connecticut, Asia

☆ Spain approves law allowing 4 days of 'paid climate leave' after recent deadly floods
▼ + stars: | 2024-11-29 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

AdvertisementSpain has approved a law granting employees up to four days of paid climate leave. Spain is enacting a new law granting employees up to four days of paid climate leave following last month's devasting floods, which killed more than 200 people. "For the first time, Spain will have paid climate leave for working people," she said. In an interview with Spanish broadcaster RTVE, Díaz said the paid leave will be relevant whenever an authority issues a climate-related alert that advises people to stay at home for safety reasons. AdvertisementSpain's economy minister, Carlos Cuerpo, said on Thursday that the paid leave applies when employees cannot safely reach their workplace or work remotely, Euronews reported.

Persons: Yolanda Díaz, RTVE, Díaz, Esther Lynch, Lynch, Carlos Cuerpo Organizations: Spain's, Labour, Social, Ministers, European Trade Union Confederation, The Bank of Spain Locations: Spain, Valencia, Spanish, Valencian

☆ Trump's tariffs could make your next car more expensive
▼ + stars: | 2024-11-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

AdvertisementDonald Trump's proposed tariffs could raise car prices, impacting US and European automakers. Tariffs may cost carmakers 17% of annual earnings and lead to credit downgrades, per S&P Global. President-elect Donald Trump's new tariff proposals could hit American and European carmakers hard — and could push prices up for your next car. AdvertisementHigher tariffs could hit General Motors, Jaguar Land Rover, Stellantis, and Volvo hardest, S&P Global said. These tariffs could push car prices higher and lead Americans to dig deeper into their wallets for another vehicle.

Persons: Donald Trump's, Kelley, Trump, Joe Biden's, Claudia Sheinbaum, Justin Trudeau, Sheinbaum, Trudeau, Friday Organizations: P Global, General Motors, Rover, Volvo, EU, Motors, BMW, Ford, Hyundai, Mercedes, Benz, Trump, Commerce Department, Business, Canada's Locations: European, Canada, Mexico, Wells, United States

☆ Are scented candles bad for you? What the science says
▼ + stars: | 2024-11-29 | by ( Kristen Rogers | ) edition.cnn.com time to read: +11 min

The risk of toxic emissions is greater when candles are scented or dyed, which is another reason why paraffin-free candles aren’t immediately in the clear. The association’s stance is based on an October 2021 study that consisted of burning 24 soy and paraffin candles, scented and unscented. However, the research was a joint effort between the NCA, the European Candle Manufacturers Association and the Latin American Candle Association. If you simply can’t resist using scented candles, look for those with essential oils or candles labeled as phthalate-free. When burning scented candles, do so in small doses to avoid headaches or irritation of the respiratory system or eyes.

Persons: Sobia Farooq, Ariful Haque, Haque, ”, Sarah Evans, VOCs, Evans, —, ” Evans, “, Farooq, Evans ’, that’s, wicks Organizations: CNN, National Candle Association, Cleveland Clinic’s Lerner College of Medicine, Yan’an, Kunming Medical University, American Lung Association, US Environmental Protection Agency, US Centers for Disease Control, Occupational Safety, Health Administration, Icahn School of Medicine, Candle Association, NCA, Candle Manufacturers Association, American Candle Association, ASTM International, American Society for Testing, ASTM Locations: China, Mount Sinai, United States, Australia, Denmark

☆ 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

☆ China plans to restrict exports of a critical metal. But the market isn't that worried
▼ + stars: | 2024-11-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Stringer | ReutersBEIJING — China will start limiting exports of critical metal tungsten this weekend, just as alternatives to Chinese suppliers of the metal are reopening. watch nowEcclestone pointed out that tungsten prices have not reacted much to China's announcement. While China restricts tungsten exports, the U.S. increased tariffs on Chinese tungsten by 25% in September. Demand for tungsten in and outside China is expected to rise, keeping tungsten prices elevated in the near term, said Emre Uzun, ferro-alloys and steel analyst at Fastmarkets. But starting late next year, he expects increased non-China supply to help stabilize raw tungsten prices.

Persons: Stringer, —, Christopher Ecclestone, Ecclestone, Trump, Cullen, Hendrix, Almonty, Lewis Black, Jeong Kwang, Gracelin Baskaran, Emre Uzun Organizations: Reuters, —, Ministry of Commerce, U.S . Defense Department, Hallgarten & Company, Peterson Institute for International Economics, Almonty Industries, CNBC, Almonty, Bank, Center for Strategic, International Studies, South, . Geological Survey Locations: Lianyungang, Jiangsu province, China, Reuters BEIJING, U.S, South Korea, Canada, Seoul, Gangwon, Portugal, Sangdong, Kazakhstan, Australia, Spain

Learn moreTracking down the actual best Black Friday deals isn't for the faint-hearted or inexperienced. View at Amazon What we like Check mark icon A check mark. View at Nugget What we like Check mark icon A check mark. Play couch comes in 20 colors and ottoman is available in 10Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.

Persons: isn't, whittle, we're, Apple, you've, Max, Harry Potter, Max Hulu, We'd, I’ve, Talia Ergas, Puffer, Abercrombie & Fitch, Bonobos, fryer, Ninja Air Fryer, you'll, it's, There's, Apple AirPods, Dyson, Cord, Rihanna, shea Organizations: Business, Apple, Verizon, Amazon Apple, Verizon Apple, Max, Apple Watch, Google, Samsung, Disney, Disney Plus, Hulu, Disney Max, NBC, Football, Peacock Paramount, Paramount, CBS, NFL, Nickelodeon, Comedy Central, BET, MTV, Showtime, Paramount Paramount, Paramount Plus, Paramount Starz, Starz, LG, Smart, Dolby, Amazon LG, Walmart, Amazon, Brands, Abercrombie & Fitch, Abercrombie, Fitch, Abercrombie &, Chino, Nike Air Jordan, Jordans, Nike, Black, Big, Shark, Joybird, Ninja Air, Ninja Air Fryer XL, VR, Meta, Sony, Amazon Sony PS5, Amazon Sony PlayStation, Amazon Samsung, Nova, Nova Pro, Mint Mobile, Mobile, Mint Mobile Samsung Galaxy, Galaxy, XL, Gemini, Dell, Dell Lenovo, Samsung Galaxy Watch, Google Pixel Watch, HP, Amazon Sony WH, WH, Dyson, Army, Navy Locations: Tempur, Balsam

☆ Clashes erupted outside a Hindu temple near Toronto. They’re the latest sign of Canada and India’s spiraling relations
▼ + stars: | 2024-11-29 | by ( Lex Harvey | ) edition.cnn.com time to read: +12 min

Canadian Prime Minister Justin Trudeau attends a press conference following Canada's expulsion of six Indian diplomats, in Ottawa on October 14, 2024. Members of the Hindu Sikh Global Forum protest the clashes between Hindu and Sikh communities in Canada in New Delhi, India, on November 9, 2024. However, the Canadian prime minister recently acknowledged that Khalistan separatists “do not represent the Sikh community” in Canada. A downward spiral of relationsWhile the Khalistan issue has persisted for decades, relations between Canada and India have plummeted under Modi and Trudeau. India's Prime Minister Narendra Modi (L) walks alongside Home Affairs Minister Amit Shah outside a polling station during India's general election, in Ahmedabad, India, on May 7, 2024.

Persons: Justin Trudeau, Hardeep Singh Nijjar, Dave Chang, “, Narendra Modi’s, –, Amit Shah –, Shah, Hardeep Singh, Cole Burston, Modi, Trudeau, ”, Michael Kugelman, Indira Gandhi, Stephanie Carvin, Sanchit Khanna, ” Carvin, Harsh Pant, Narendra Modi, Amit Shah, Adnan Abidi, ” Kugelman, Joe Biden, Biden, Eraldo Peres, ” Modi, Kugelman, Pant, Canada’s, ” Pant Organizations: CNN, Canadian, Sikh, Khalistan, Indian, Getty Images, Bharatiya Janata Party, New Zealand –, South Asia Institute, Wilson Center, Ottawa’s Carleton University ., Air India, Sikh Global Forum, Hindustan Times, Research Foundation, India's, Home, Reuters, Indian Army, CBC, Canadians, US, Observer Research Foundation Locations: Canadian, Brampton, Toronto, Canada, India, Indian, Ottawa, AFP, Delhi, New Delhi, United States, United Kingdom, Australia, New Zealand, Asia, Pacific, New York City, Washington , DC, Mumbai, Montreal, Carvin, Local, Ahmedabad, Rio de Janeiro, Brazil, Modi, Brampton’s

☆ How will Beijing respond to Trump’s cabinet of China hawks?
▼ + stars: | 2024-11-29 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —One called China an “existential threat.” Another called for a “whole-of-society effort” to confront China and was sanctioned – twice – by Beijing. “If you look at Trump’s team, most, if not all, are China hawks. His nominee for secretary of state, Sen. Marco Rubio, is known in China as the “anti-China vanguard” and currently sanctioned by Beijing. “Many of the hardliners indeed want a full confrontation and decoupling with China, but is that truly Trump’s objective for US-China relations? And in the eyes of Beijing, Rubio is not even the worst pick, according to Chinese experts.

Persons: Donald Trump’s, Elon Musk, ”, Yun Sun, “, China –, Trump, –, Hal Brands, Brands, Mike Waltz, Sen, Marco Rubio, Pete Hegseth, Wu Xinbo, Aaron Schwartz, SIPPL, Tesla, ” Sun, Beijing’s, Musk, Lyle Morris, Trump’s, Scott Bessent, ” Jamieson Greer, who’s, Robert Lighthizer, Greer, Wu, Rubio, Mike, Pompeo, ” Wu, ” Pompeo, Biden, Leon Neal, Wang Yiwei, Lai Ching, Taiwan ”, JD Vance, Xi, he’s, Wang Organizations: Hong Kong CNN, Observers, Trump, Stimson, National Security Council, Johns Hopkins School, International, Chinese Communist Party, Beijing, FOX News, Center for American Studies, Shanghai’s Fudan University, Elon, Asia Society Policy Institute, Fudan University, Getty Images Taiwan, Renmin University, Taiwan, Industry, Wall Street Locations: Hong Kong, China, –, Beijing, United States of America, Washington, America, Taiwan, crackdowns, Xinjiang, Taipei, Ukraine, Asia

☆ Ditch all the negativity: Here's what can go right to lift each of our 34 stocks
▼ + stars: | 2024-11-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +20 min

To counter that, Jim Cramer has said investors should not lose sight of what can go right for their stocks. Smooth chip updates: AMD needs to successfully carry out its annual release cycle for AI chips. That needs to be sustained to justify Meta's heavy spending on AI chips. Nevertheless, correcting this dynamic should translate into faster revenue growth rates. Palo Alto Networks Bigger deals: Cybersecurity is a secular growth market: As the number of bad actors grows, companies can't afford to not invest in defense.

Persons: Jim Cramer, Abbott, Donald Trump, Trump, Joe Biden, Eaton, Eli Lilly, Eli Lilly's GLP, Lilly, Hurricanes Helene, Milton, Elliott Management's, Elliott, Jim, Linde, Morgan Stanley Lower, Morgan, Biden, –, Jensen Huang, Palo, Stanley Black, Brian Niccol's, Wells, Jim Cramer's, Timothy A, Clary Organizations: Abbott, Devices, Microsoft, AMD, Nvidia, Justice Department, Services, Trump, Apple, Apple Intelligence, Federal, Bristol Myers Squibb, Bristol Myers, Broadcom, Constellation Brands, Modelo, Costco, U.S, Netflix, Coterra Energy, LNG, DuPont, GE Healthcare, GE, Hurricanes, Honeywell Business, Honeywell, Linde, Meta, Facebook, Federal Reserve, GOP, Nvidia's, Industry, Palo Alto, Decker, Starbucks, Walt Disney Parks, TJX, Jim Cramer's Charitable Trust, CNBC, Traders, New York Stock Exchange, Getty Locations: U.S, BlackRock, Corona, China, Dover, –, New York City

☆ 5 big questions about how tech will look under Trump
▼ + stars: | 2024-11-29 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

He sought to swat down legal protections for tech platforms. Many Republicans are eager to see the Trump administration address what they see as “censorship” of right-leaning voices by many mainstream social media platforms. That could mean reforming or reinterpreting Section 230, which shields tech platforms from liability for their users’ posts and allows the platforms to moderate content as they see fit. In essence, Carr could attempt to pass a rule that would make it possible to sue tech platforms under that new interpretation. Ultimately, that could mean hamstringing tech companies’ efforts to reduce hateful or false content on their platforms.

Persons: Trump, Donald Trump, – —, Trump’s, TikTok, Mark Zuckerberg, He’s, it’s, Elon Musk, Will TikTok, “, he’ll, Shou Zi Chew, Kent Nishimura, Alan Rozenshtein, ” Rozenshtein, You’re, doesn’t, isn’t, Will Trump, … we’ve, ” Musk, Joe Biden, Biden, ”, John Villasenor, Brendan Carr, Carr, Gigi Sohn, Tom Wheeler, Evan Greer, Lina Khan, JD Vance, Musk, Khan, Tayfun, – Khan, ” Villasenor, ” Greer, Republican Sen, Marsha Blackburn of, Democratic Sen, Richard Blumenthal, Mike Johnson Organizations: New, New York CNN, Google, Big Tech, Trump, Bloomberg, Getty, University of Minnesota, Apple, CNN, “, Fox News, Republican, UCLA Institute for Technology, Law, Federal Communications Commission, FCC, Democratic, Federal Trade Commission, Biden, White, Trump White House, Microsoft, Activision Blizzard, Kroger, Albertsons, FTC, Department, DOJ, TV, Senate Locations: New York, United States, —, Washington ,, Marsha Blackburn of Tennessee, Connecticut

☆ China is on edge after Trump's talk of tariffs
▼ + stars: | 2024-11-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

AdvertisementOn Monday, Donald Trump threatened more tariffs on China, blaming Beijing for fentanyl. China criticized Trump's tariff threats, calling them ineffective and unjustified. "The excuse the president-elect has given to justify his threat of additional tariffs on imports from China is farfetched," wrote China Daily in a Tuesday editorial. AdvertisementMarkets are muted as investors wait and seeGlobal markets were jolted following Trump's post on Truth Social on Monday, but the effects have been felt mostly in foreign exchange. Global firms and Chinese manufacturers have already been diversifying their operations to manage concentration risks following Trump's first term and the COVID-19 pandemic.

Persons: Donald Trump, Trump, he'd, George Saravelos, Goldman Sachs, Wu Zhiqiang, Young Liu, Al Jazeera Organizations: Global, Deutsche Bank, Shenzhen Lingke Technology, Nikkei Asia, Apple, Macquarie Locations: China, Beijing, United States, Shenzhen, Thailand, India, Vietnam, Taipei, Al, Southeast Asia, Africa, China's

View at VerizonApple iPhone 16 series, iPad, and Apple Watch bundle (Verizon) $0.00 $2,000.00 Save 100% New and existing Verizon customers can trade-in any phone in any condition from Apple, Google, or Samsung to get the iPhone 16 Pro free. View at VerizonApple iPhone 16 series, Apple Watch, and iPad bundle (AT&T) $0.00 $1,930.00 Save 100% AT&T is offering up to $1,000 off the iPhone 16 Pro or iPhone 16 Pro Max, and up to $700 off the iPhone 16 and iPhone 16 Plus bundled with the Apple Watch SE and 10th-generation iPad for $0.99 per month each for 36 months. Those who prioritize premium features, like Apple's 120Hz ProMotion display, the most powerful iPhone processor, and a 5x zoom lens, will appreciate the iPhone 16 Pro or iPhone 16 Pro Max. For more details, check out our guide to the best iPhones, our iPhone 16 review, and our iPhone 16 Pro review. With carrier deals, you're effectively trading flexibility for a free (or almost free) iPhone.

Persons: they're, Max Organizations: Business, Verizon, Apple Watch, Control, Apple Intelligence, Apple, Verizon Apple, Max, Google, Samsung

President Joe Biden on Thursday criticized President-elect Donald Trump's announcement that he will implement 25% tariffs on Canada and Mexico, saying the comments were "counterproductive." "I hope he rethinks it, and I think it's a counterproductive thing to do," Biden said, responding to a reporter's question about his reaction. Trump said Monday on Truth Social that one of his first executive orders would be to hit Mexico and Canada with a blanket 25% tariff. Mexico and Canada are the second and third top suppliers of goods to the U.S., according to the Office of the U.S. Trade Representative. "In our conversation with President Trump, I explained to him the comprehensive strategy that Mexico has followed to address the migration phenomenon, respecting human rights,” she said in Spanish on X.

Persons: Joe Biden, Donald Trump's, Biden, Trump, Claudia Sheinbaum, ”, Justin Trudeau Organizations: U.S . Trade Representative Locations: Canada, Mexico, Nantucket , Massachusetts, U.S, China, United States

The tariffs would be a significant escalation of Trump’s previous proposal, which was already a major increase on more targeted tariffs enacted during Trump’s first administration and kept in place by President Joe Biden. Canada is similarly considering its own options, including possible tariffs on U.S. goods, according to The Associated Press. America’s biggest import from Canada is oil — and any increase in energy prices would likely be felt throughout the economy. And in her statement reacting to Trump’s posts, Mexico’s Sheinbaum stated caravans of migrants were no longer reaching the border. And now he’s talking about tariffs to punish Mexico and Canada for not enforcing drugs and migrants across the border.

Persons: Donald Trump, Trump, Trump’s, Joe Biden, Claudia Sheinbaum, ” Ernie Tedeschi, Biden, Corie Barry, “, ” Barry, ”, Kayleigh McEnany, Dan Crenshaw, doesn’t, Steve Forbes, Mexico’s Sheinbaum, Douglas Irwin, mingles, you’re, ” Irwin Organizations: Yale, NBC News, Associated Press, America’s, Canada —, NBC, National Retail Federation, ”, Trump, ” Fox News, Fox News, Centers for Disease Control, U.S . Drug, Administration, U.S . Customs, Border Patrol, Dartmouth University Locations: Mexico, Canada, U.S, China, Texas

☆ China’s EV price war is so brutal that BYD is trying to pinch its suppliers
▼ + stars: | 2024-11-28 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

“In 2025, while there will be great opportunities in the EV market, market competition will also become more intense, entering a decisive battle and knockout rounds,” he wrote. “Annual price negotiations with suppliers are a common practice in the car industry,” he wrote. It is not mandatory, and everyone can negotiate.”For 15 years, China’s car market has been the world’s biggest. “This means the price war … is really stressing the system,” he said. BYD is China’s top carmaker, commanding 16.2% of the overall vehicle market in the first 10 months of the year, according to the China Passenger Car Association.

Persons: Hong Kong CNN —, Zhiqi, ”, “, Li Yunfei, Tesla, It’s, Bill Russo, “ BYD, Tu, Le Organizations: Hong Kong CNN, “, CNN, Weibo, ”, SAIC Motor, European Union, Trump, Tu Le, Ford, General Motors, China Passenger Car Association, EV Locations: China, Hong Kong, Shenzhen, BYD, Shanghai, Weibo, Chongqing

☆ 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

☆ Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
▼ + stars: | 2024-11-28 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

A Chinese bank worker prepares to count a stack of US dollars together with stacks of 100 Chinese yuan notes at a bank in Hefei, east China's Anhui province on March 9, 2010. STR/AFP | Getty ImagesChinese authorities are contending with a weakening yuan as global investment banks forecast the currency to hit record lows, in anticipation of U.S. president-elect Donald Trump following through with his tariff threats. That would mark the currency's weakest level on record, according to LSEG data going back to 2004. Trump had already pledged 60% or higher tariffs on Chinese goods during his election campaign. The PBOC has been supporting the value of onshore yuan by capping the daily reference rate at 7.20 on the dollar this year.

Persons: Donald Trump, Morgan, Morgan Stanley, Goldman Sachs, Trump, Jonas Goltermann, Kotecha, Wang, Ju Wang, Cedric Chehab Organizations: Getty Images, U.S, UBS, BNP, Barclays, Generale, Morgan, Macquarie Group, Nomura, ING, Oxford, Trump, Capital Economics, FX, Greater China FX, Reuters, BNP Paribas, BMI Locations: Hefei, Anhui, U.S, Asia, China

☆ Blackstone's Steve Schwarzman was a trade negotiator for Donald Trump's first term. Here's what it took to get the president to a deal.
▼ + stars: | 2024-11-28 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

Blackstone's Steve Schwarzman was a trade negotiator for Trump during his first term. In his book, he sheds light on what it took to get Trump, Trudeau, and others to the negotiating table. In an effort to gain insight into how Trump's tariff agenda might play out, Business Insider turned to Blackstone cofounder and CEO Steve Schwarzman, who served as a behind-the-scenes trade negotiator for the Trump White House during his first term. AdvertisementIn the book, he said he was tapped as a trade negotiator because he had the trust of members of Trump's inner circle and connections to foreign leaders like China's Xi Jinping. Schwarzman, who declined an official role with the first Trump White House, declined to comment on whether he has been asked to advise Trump in his second term in office.

Persons: Donald Trump, Steve Schwarzman, Trump, Trudeau, Simon, Simon & Schuster, Schwarzman, Xi, Justin Trudeau, George H.W, Bush, Barack Obama, George H Organizations: Trump, Business, Blackstone, Trump White House, Simon &, Canadian, Republican Locations: Canada, China, Mexico, Washington

☆ Chip-supplier stocks jump as the US weighs up fresh China sanctions
▼ + stars: | 2024-11-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Targeting Chinese chip equipment makers could benefit European firms such as ASML. The Biden administration is reported to be considering fresh sanctions against Chinese semiconductor equipment manufacturers, pushing up stocks of semiconductor suppliers in Europe and Japan. The suggested curbs would add an extra 100 Chinese chip equipment makers to the entity list, the outlet reported. AdvertisementAs part of the sweeping sanctions, the US could add 200 Chinese chip firms to its trade blacklist, Wired reported. American chip equipment makers and allies such as Japan and the Netherlands reportedly pushed back against earlier proposals.

Persons: Biden, SMIC, Jim Reid, Mao Ning, US Department of Commerce didn't Organizations: Wired, Bloomberg, Tokyo, Huawei, CSI, Deutsche, US Department of Commerce, Business Locations: Europe, Japan, China, Shanghai, Netherlands

☆ Will TikTok be banned? Here are the latest details on the app's legal fight to stay in the US and Trump's options
▼ + stars: | 2024-11-28 | by ( Dan Whateley | ) www.businessinsider.com time to read: +7 min

The US government is on track to force the app out on January 19, the day before Donald Trump takes office. There's a possibility that President Joe Biden could extend that deadline by 90 days, but he hasn't said he will. AdvertisementBut will a TikTok ban actually happen? While there is bipartisan support in Congress for a TikTok ban, support for a ban is fading among the American public. Some members of Congress have raised concerns that TikTok could be used as a CCP propaganda tool.

Persons: Donald Trump, Joe Biden, hasn't, Read, Amanda Perelli, TikTok, Matthew Schettenhelm, Trump, I'm, G.S, Hans, Nathan Posner, Getty Images Trump, ByteDance, John Moolenaar, Shou Chew, Chip Somodevilla Organizations: Business, Appeals, District of Columbia Circuit, DC, Bloomberg Intelligence, DC Circuit, Pew Research, Trump, Department, Congress, Cornell Law School, Washington DC, Anadolu Agency, Getty Images, Rep, Chinese Communist Party, CCP, Foreign Locations: TikTok, Los Angeles, Washington, United States, China, US

☆ 5 tech stocks in supply chain management could benefit from Trump's tariffs, Redburn Atlantic says
▼ + stars: | 2024-11-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

President-elect Donald Trump's proposed steep tariffs on imports could create winners in the stock market — particularly among companies that help businesses manage their supply chains, according to Redburn Atlantic. The shares of all these global companies are traded in the U.S. and Europe. Trump has proposed tariffs of 25% on all products from Mexico and Canada, and additional tariffs on goods from China. Kinaxis Kinaxis, which helps companies plan their supply chains using digital replicas of physical operations, could also benefit, according to Redburn Atlantic. WiseTech Global WiseTech offers a "high-growth profile" investment opportunity that will benefit from the tariff trend, according to Redburn Atlantic.

Persons: Donald Trump's, Trump, Redburn, Lachlan Brown, Descartes, Kinaxis, Trump's, — CNBC's Michael Bloom Organizations: Descartes Systems, Manhattan Associates, SPS Commerce, WiseTech, Descartes Systems Descartes Systems, Manhattan Associates Manhattan Associates, SPS, Commerce Locations: U.S, Europe, United States, China, Mexico, Canada

☆ Biden cautions Trump over imposing tariffs on Mexico and Canada: 'I hope he rethinks it'
▼ + stars: | 2024-11-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

AdvertisementPresident Joe Biden said that he hopes Donald Trump "rethinks" imposing tariffs on Mexico and Canada. President Joe Biden on Thursday expressed hope that President-elect Donald Trump would back down on his plan to impose tariffs on two of the US' closest allies. "I hope he rethinks it, I think it is a counterproductive thing to do," Biden told reporters on Thanksgiving. He said the tariffs would be among his first actions upon taking office, reopening the door to a national security law that lets the president impose tariffs with few limitations. Trump spoke with Mexican President Claudia Sheinbaum not long after he made the new tariff threat.

Persons: Joe Biden, Donald Trump, Trump, Biden, Kamala Harris teed, Claudia Sheinbaum, Claudia Sheinbaum Pardo, Sheinbaum Organizations: North American Free Trade, Trump, Associated Press Locations: Mexico, Canada, United States

CNN —Mexican President Claudia Sheinbaum denied proposing to US President-elect Donald Trump that Mexico will close its border with the United States as he claimed in a post on Truth Social. She has agreed to stop Migration through Mexico, and into the United States, effectively closing our Southern Border. We also talked about what can be done to stop the massive drug inflow into the United States, and also, U.S. consumption of these drugs. It was a very productive conversation!” Trump posted on Truth Social. In his comments Wednesday, Trump did not say whether he would stand by the pledge or anything Sheinbaum had said addressed his concerns.

Persons: Claudia Sheinbaum, Donald Trump, ” Sheinbaum, ” Sheinbaum’s, Trump, “, Claudia Sheinbaum Pardo, ” Trump, Sheinbaum, Biden, Joe Biden, “ rethinks, ” Biden, Justin Trudeau, Trudeau, Liu Pengyu, ” Liu, CNN’s Sol Amaya, David Goldman, Betsy Klein, Paula Newton Organizations: CNN, Trump, Mexico, Canadian, Embassy, United States Locations: Mexico, United States, Canada, China, America, Canadian, United

☆ FTC opens broad antitrust investigation into Microsoft
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter told Reuters Wednesday. The investigation was approved by FTC Chair Lina Khan ahead of her likely departure in January. The FTC fielded such complaints last year as it examined the cloud computing market. The FTC has demanded a broad range of detailed information from Microsoft, Bloomberg reported earlier on Wednesday. In 2019, the Pentagon awarded it a $10 billion cloud computing contract that Amazon had widely been expected to win.

Persons: Lina Khan, Donald Trump, Satya Nadella, Trump, JD Vance Organizations: U.S . Federal Trade Commission, Microsoft, Reuters, NBC News, Republican, FTC, Amazon, Google, European Commission, Bloomberg, Big Tech, Facebook, Meta, Apple, Amazon.com Inc, U.S, Trump, Pentagon, Web Services

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