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The “Star Trek” franchise is boldly going where it hasn’t gone before: the Library of Congress’ National Film Registry. “Star Trek II: The Wrath of Khan,” a 1982 release, was among the 25 films added to this year’s registry, the Library of Congress announced Tuesday. It is now among 900 titles in the registry, a list of films selected by the National Film Preservation Board. “Beverly Hills Cop,” a 1984 comedy and action film, marked star Eddie Murphy’s first feature film to make the list. “The wealth of American film history is sometimes rather overwhelming, and people often wonder: how do you recommend this film or that film?” Jacqueline Stewart, chair of the National Film Preservation Board, said in a statement.

Persons: hasn’t, Khan, ”, Cheech Marin’s, Chong, Marin, Eddie Murphy’s, ” Jacqueline Stewart, “, John Hughes, Patrick Swayze, Jennifer Grey, Annabelle, Oscar, Joel, Ethan Coen, Aaron Sorkin's “ Organizations: Trek, Congress, Registry, of Congress, National Film Preservation, National Film, Beverly Hills, Social Locations: Beverly

☆ I don't like celebrating Christmas. Now that my kids are older, it's the perfect time to take longer international vacations.
▼ + stars: | 2024-12-17 | by ( Jamie Davis Smith | ) www.businessinsider.com time to read: +4 min

That was perfect for me because I felt very little pressure to make Christmas Day magical. I've figured out how to make holiday travel as easy as possibleGroup tours have been a lifesaver. Jamie Davis SmithIn order to make holiday travel easier, I book group tours. It's the perfect way to continue a holiday tradition without any pressure to be perfect — and minimal whining from my kids. However, on Christmas Day, I let my kids choose a special souvenir to commemorate the holiday.

Persons: It's, I've, Jamie Davis Smith, I'm, Scrooge Organizations: Polar, Gaylord Locations: Morocco, Maryland

☆ 10 top housing markets in 2025 — a year that should finally favor homebuyers
▼ + stars: | 2024-12-17 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 10 real-estate markets that could see a surge of activity next year. There's a growing sense among real-estate analysts that an extended home sales contraction will snap in 2025 as housing inventory rises and mortgage rates fall. And buyers may also move off the sidelines as mortgage rates drift toward 6% from around 7%, the firm added. Buyers will flock to 10 top housing markets in 2025 due to a combination of rising home supply, manageable mortgage rates, and healthy local economies, the firm said. AdvertisementBelow are the 10 real-estate markets that the NAR is bullish on next year, along with select economic and demographic considerations.

Persons: Lawrence Yun, Realtor.com, Freddie Mac, who've Organizations: National Association of Realtors, NAR, National Association of Realtors Property

☆ Starbucks union votes to authorize strike ahead of this year's last scheduled bargaining session
▼ + stars: | 2024-12-17 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America members in solidarity outside Netflix studios in Los Angeles on July 28, 2023. Starbucks Workers United said Tuesday that 98% of union baristas have voted to authorize a strike as they seek a contract with the coffee giant. Starbucks and Workers United have spent hundreds of hours this year at the bargaining table, and both sides have put forward dozens of tentative agreements, the union said in press release. "It is disappointing that the union is considering a strike rather than focusing on what have been extremely productive negotiations. More than 500 company-owned Starbucks cafes have voted to unionize under Workers United since the first elections that took place in Buffalo three years ago.

Persons: baristas, we've, Howard Schultz, Brian Niccol, Niccol Organizations: SAG, Guild of America, Netflix, Starbucks Workers, Starbucks, Workers United, CNBC Locations: Los Angeles, Buffalo

☆ Why new retirees may need to rethink the 4% rule
▼ + stars: | 2024-12-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

A popular retirement strategy known as the 4% rule may need some recalibration for 2025 based on market conditions, according to new research. The 4% rule helps retirees determine how much money they can withdraw annually from their accounts and be relatively confident they won't run out of money over a 30-year retirement period. According to the strategy, retirees tap 4% of their nest egg the first year. But that "safe" withdrawal rate declined to 3.7% in 2025, from 4% in 2024, due to long-term assumptions in the financial markets, according to Morningstar research. "We caution, the assumptions that underpin [the 4% rule] are incredibly conservative," Benz said.

Persons: Roth, Christine Benz, Benz Organizations: Morningstar, Finance, Social, Morningstar analysts

☆ My husband and I eliminated clutter and $32,000 in credit card debt by turning it into a game
▼ + stars: | 2024-12-16 | by ( ) www.businessinsider.com time to read: +5 min

In 2018, my husband and I had nearly 5 times more credit card debt than the average US household. By spring 2019, we'd paid off our smallest revolving balance credit card and were debt-free by 2021. AdvertisementIt was 2018, and I was in my late 20s, married, a mother of three, and swimming in $32,000 of credit card debt — the average American household at that time had about $6,832. I'd send huge lump sum credit card payments, only to turn around and swipe for groceries. AdvertisementWe tackled our debt with the snowball effectWe had paid off our smallest revolving balance credit card by spring 2019.

Persons: we'd, I'd, Marie Kondo's, Marie Kondo, unfollowing, Dave Ramsey's Organizations: Marie Kondo's Netflix, Facebook

☆ Chipotle's new CEO is trying to keep robots out of your burrito assembly line
▼ + stars: | 2024-12-16 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Chipotle's CEO Scott Boatwright said he values the human touch in the chain's assembly lines. Chipotle's CEO wants to make sure your burrito is made by hand for as long as possible. Advertisement"We still believe the best way to Chipotle is down the line with a team member, highly customized, great variety, big beautiful burritos and bowls down the line," he added. Boatwright's comments come as restaurants and fast food chains, including Sweetgreen and White Castle, increasingly use robots to handle human tasks. AdvertisementWhen asked by Yahoo Finance about whether he wants to increase automation in Shake Shack, the chain's CEO Danny Meyer said: "Personally, I don't."

Persons: Scott Boatwright, Brian Sozzi, Boatwright, Brian Niccol, Chipotle, Fortune, Wells, Danilo Gargiulo, Gargiulo, Adam Rymer, Danny Meyer, Meyer Organizations: Yahoo, Yahoo Finance Locations: Chipotle, San Jose, New York City, AllianceBernstein, White

☆ Bank of Japan expected to keep rates on hold this week — CNBC survey
▼ + stars: | 2024-12-16 | by ( Lin Lin | ) www.cnbc.com time to read: +2 min

The same number of economists expect the Japanese central bank to raise rates in January. The BOJ, which last raised rates in July, has signaled its readiness to tighten further if wage growth and prices align with its projections. Japanese interest rates are the lowest among developed countries due to the BOJ's longstanding policy of supporting the country's moribund economy. These trends could reverse as Japanese interest rates rise while central banks elsewhere begin to lower rates. The BOJ has yet to gain confidence in its outlook, according to Akira Otani of Goldman Sachs Japan.

Persons: Donald Trump, BOJ, Kazuo Ueda, Akira Otani, Goldman Sachs Organizations: Bank of Japan, U.S, CNBC, Goldman Sachs Japan

☆ Insider Today: Tech's new biggest argument
▼ + stars: | 2024-12-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

This post originally appeared in the Insider Today newsletter. DOGE today, gone tomorrowElon Musk and Vivek Ramaswamy are promising to make sweeping changes through the Department of Government Efficiency. AdvertisementThe Department of Government Efficiency, or DOGE, has arguably garnered more attention than Trump's plans for tax cuts, tariffs, and immigration. To get a better sense of what DOGE might ultimately do, we mapped out all the areas Musk and Ramaswamy have hinted at making cuts. A Pimco economist highlighted DOGE as one of the key ways Trump can reduce the risk from America's soaring debt.

Persons: Elon Musk, Vivek Ramaswamy, Dia Dipasupil, Anna Moneymaker, Natalie Ammari, isn't, Donald Trump, Ramaswamy, Trump, Luigi Mangione, Brian Thompson, Mangione, Jonathan Moscrop, Rebecca Zisser, Gordon Singer, Elliott, Paul Singer, Singer, What's, Gordon ., Kyle Vogt Organizations: Business, Spotify, Department of Government, President, Government, Bank for International, Altoona Police, Getty, Ivy League, Elliott Management, Kruze Consulting, TRITON, University of Miami T.J, Oracle Locations: Baltimore, American

☆ 3 gift recommendations from CNBC Make It staff that I actually bought for myself—and use every day
▼ + stars: | 2024-12-15 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Santa Claus waves to the crowds during the Annual Thanksgiving Day Parade on November 28, 2024 in New York City. Before I buy a gift for someone, I always check to see what other people are saying about it. iRobot Roomba 694 Robot Vacuum — $104What they wrote: I caught myself smiling at our newly purchased Roomba the other day, literally just watching it clean. Until recently, my wife and I resisted buying an autonomous robot vacuum, mostly because it seemed extravagant for our small apartment. Once you have everything set up, you can set your Roomba to vacuum via the app.

Persons: they've, I've, George Clooney, — Morgan Smith, it's, — Mike Winters, It's, Eugene, — Organizations: CNBC, Starbucks Locations: Santa, New York City, Eugene

☆ I booked a small suite in the airport while traveling with my toddler. It helped us take a break from the chaos outside our door.
▼ + stars: | 2024-12-15 | by ( Rachel Lobdell | ) www.businessinsider.com time to read: +3 min

I've been going to my friend's lake house for more than two decades. After grabbing a pretzel, I called an audible: Let's see what Minute Suites is about. Minute Suites offer small rooms that you can book by the hour — or overnight — to nap, work, or just rest. Standard rooms offer space for two people to sleep and up to four to relax. I would definitely book another room at Minute Suites, and I'm glad to have the option in my toolbox, especially when traveling with a toddler.

Persons: I've, there's Locations: Atlanta , Baltimore, Charlotte, Dallas, Houston , New York, Nashville, Philadelphia, Salt Lake City

☆ China gears up for an uncertain 2025. How investors plan to prepare
▼ + stars: | 2024-12-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

"It is clear that China is setting the stage to increase stimulus in 2025, potentially to counteract any adverse trade policies from the incoming Trump administration," Costello said. Cambridge Associates is neutral on Chinese stocks, wanting to see more evidence of a pickup in growth. "With recovery of China's hospital procurement for medical equipment from September, we foresee a growth rebound for the China medical device sector in 2025," the HSBC analysts said. Snibe, traded in the Shenzhen market, can see 19% earnings growth, with Mindray profits expected to climb 15%. In contrast, this year's rally in Chinese stocks could snap multiple years of declines.

Persons: Aaron Costello, Stocks, Trump, Costello, Biden, Donald Trump, CNBC's Jim Cramer, Xi Jinping, Karoline Leavitt, Xi, Paul Christopher, Christopher, Wells, Downside, — CNBC's Michael Bloom Organizations: Cambridge Associates, Ministry of Finance, HSBC, Imaging, New York Stock Exchange, Fox News, Macro Research, Reuters, Citigroup, Wells, Wells Fargo Investment Institute Locations: Asia, Beijing, China, Shanghai, Shenzhen, U.S, Wells Fargo, Hong Kong

☆ Esther Perel says you should talk about money with your partner. Here's why.
▼ + stars: | 2024-12-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Esther Perel says couples should talk about money, know their finances, and see value beyond income. Earning an income is just one of many ways to contribute to a relationship, Perel says. Couples should talk openly about money, regularly review their finances, and recognize that earning an income is just one of many ways to contribute to a relationship, Esther Perel says. Talk things overCouples should openly discuss money matters from the outset, Perel said. Check in regularlyEven when one partner trusts the other to manage their money, that partner should still occasionally check in on their joint finances, Perel said.

Persons: Esther Perel, Perel, Emily Luk, Couples, It's, they've, I've, bode, Luk

☆ Broadcom's long and winding path to the trillion-dollar club, and how Trump played a role
▼ + stars: | 2024-12-14 | by ( Ari Levy | ) www.cnbc.com time to read: +7 min

It agreed to acquire legacy software vendor CA Technologies for $19 billion in July 2018, and snatched up security software company Symantec for $10.7 billion in August 2019. "The recent acquisition of VMware was essentially another step towards the direction of creating a very balanced mix between" chips and infrastructure software geared to the enterprise, he said. Broadcom's infrastructure software division generated $5.82 billion in revenue for the quarter, nearly tripling from last year's $1.97 billion, a number that included a big boost from VMware. Broadcom's revenue in fiscal 2016 was $13.2 billion, and its biggest business was semiconductors for set-top boxes and broadband access. AI revenue will jump 65% year-on-year to $3.8 billion, the company said.

Persons: Donald Trump, Hock Tan, Tan, Trump, would've, Hock Tan wasn't, CNBC's Jim Cramer, It's, Cantor, Avago, Cramer, " Tan, Broadcom's, Piper Sandler, Harsh Kumar, CNBC's, Kumar Organizations: Broadcom, White, Getty, Qualcomm, Trump, Technologies, Symantec, VMware, Activision Blizzard, EMC, Nvidia, Apple, Microsoft, Intel, Devices, Agilent Technologies, Meta Locations: United States, Singapore, Washington , DC, U.S, XPUs, Avago, California

We've compiled everything you need to know about where to watch Army vs. Navy live streams. Whether you're rooting for the Army or Navy, we'll show you where to watch this weekend's game. Where to watch Army vs. Navy in the USFans without access to CBS through cable or antenna can live stream the network through Paramount Plus, Fubo, or DirecTV Stream. You'll need to subscribe to the Paramount Plus with Showtime tier to unlock CBS live streaming capabilities. Check price at ExpressVPNHow to watch Army vs. Navy with a VPNSign up for a VPN if you don't have one.

Persons: We've, Fubo, It's, ExpressVPN Organizations: Business, Army, Navy, Army Black Knights, Navy Midshipmen, AAC, Tulane, Northwest, . Navy, CBS, Paramount, DirecTV, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, Paramount DirecTV, DirecTV Stream, NBC, ABC, FOX, ESPN, NBA, NHL, MLB, College Locations: Washington

☆ Bull market hits an early December soft patch
▼ + stars: | 2024-12-14 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

We've been through the arguments about whether narrow leadership against weak underlying breadth is a good thing, a dangerous thing, or just a thing. This vocal minority might well be wondering how much fruit is left to pick after two straight years of 20%-plus S & P 500 gains. We have an S & P 500 pushing 23-times forward earnings, topped by a $3.75-trillion company called Apple that's now trading above 33-times projected profits. Apple owns December Note that a December push higher for Apple shares is pretty standard stuff when the market is in an uptrend. Apple in general tends to go on a run as a rally matures, rather than lead the market off a correction.

Persons: We've, I've, Microstrategy, helpfully, would've, Trump's, Scott Chronert, We're, Trump, Brian Belski, Ben Carlson Organizations: Nasdaq, Trump, NYSE, Citi, Fed, CPI, BMO Chief, Ritholtz Wealth, Apple

☆ The Arctic tundra is changing so fast that it is speeding up the climate crisis, top scientists say
▼ + stars: | 2024-12-14 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

The Arctic is rapidly changing from the climate crisis, with no "new normal," scientists warn. Wildfires and permafrost thaw are making the tundra emit more carbon than it absorbs. From Alaska to Siberia, the Arctic is changing so rapidly that there is no "normal" there now, scientists warn. AdvertisementThe Arctic tundra now releases more carbon than it naturally draws down from the sky, as wildfires burn down its trees and permafrost thaw releases potent gases from its soil. The increase in average temperatures is changing weather and landscapes in the Arctic, speeding up the climate crisis worldwide.

Persons: Jesse Allen, Mark Ralston, Brendan Rogers, Richard Spinrad Organizations: Data, NASA, Geological Survey, Getty, Oceanic, Administration, American Geophysical Union, Climate Research, Environmental Protection Agency, NOAA, Trump Locations: Alaska, Siberia, Quinhagak, AFP, Boston, San Diego

☆ CNBC Daily Open: Inflation’s hot, but so are markets this year
▼ + stars: | 2024-12-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This 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 pan-European Stoxx 600 saw a 0.14% decline amid a rate cut by the region's central bank. U.S. producer prices still hotU.S. producer prices rose 0.4% in November, higher than the Dow Jones consensus estimate of 0.2%. The hotter-than-anticipated increase in producer prices comes after headline consumer prices rose at a sharper annual rate in November compared with the prior month.

Persons: Cucinelli, Dow Jones, Tom Lee, Lee, — Organizations: CNBC, PPI, Reserve Bank of, European Central Bank Locations: New Bedford, India, Reserve Bank of India

☆ From Chili's to burger chains, here are the restaurant industry winners and losers in 2024
▼ + stars: | 2024-12-13 | by ( Amelia Lucas | ) www.cnbc.com time to read: +17 min

A "location closed" sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Here are the winners and losers of the restaurant industry in 2024:WINNER: ValueValue became restaurant CEOs' new favorite word this year as they sought to reverse falling sales and appeal to inflation-weary consumers. The privately held chain, known for its chicken tenders, is the fourth-largest chicken chain in the U.S., with a market share of 7.8%, according to Barclays. The chain could soon overtake KFC, the rare chicken chain that's struggled to resonate with U.S. consumers this year. Scott Olson | Getty ImagesThose chicken chains are stealing market share from burgers.

Persons: Patrick T, Fallon, Jennifer Jennings, RJ Hottovy, McDonald's, David Portalatin, Circana, Michael Zuccaro, Hottovy, Mookie Betts, Phillip Faraone, Scott Olson, Burger, Gordon Haskett, Burger King, Josh Kobza, Wendy's, Spongebob, Patty, Taco Bell, Paul Weaver, Yum, Selena Gomez's, Brian Niccol, Circana's, Roti, John Bringardner, Chipotle's, Chipotle, Scott Boatwright, Niccol, Piper Sandler, BTIG, Wingstop, They've, Circana's Portalatin, Chili's, Brinker, Kevin Hochman, Applebee's, Olive Organizations: AFP, Getty, Labor, Intelligence, Debtwire, CNBC, Yum Brands, Bell, LA Dodgers, Barclays, KFC, Rivals, for Disease Control, Prevention, Gordon Haskett Research, Burger King, Restaurant, Burger King's, Wolfe Research, Taco Bell, Taco, Starbucks, Street, Niccol, Dine Brands, Olive Garden, Darden, Brinker International, Triple Locations: Torrance , California, Tulsa , Oklahoma, Cane’s, Alhambra , California, U.S, Effingham , Illinois, Burger King's U.S, San Diego, Niccol, Wall, Texas, Olive

☆ Here's where the stock market is headed in 2025, according to Wall Street's top strategists
▼ + stars: | 2024-12-13 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The S & P 500 is expected to end next year at 6,630, according to the average forecast from the CNBC Market Strategist Survey released Friday. On a median basis, the S & P 500 is expected to end 2025 at 6,600, the survey found, also a 9% gain. The S & P 500 surged 27% in 2024 after climbing 24% in 2023. Last year, strategists, on average, expected the S & P 500 would end 2024 at 5,705, which the index first surpassed in September. Elsewhere, Goldman Sachs' David Kostin expects the S & P 500 to end next year at 6,500 , as does Morgan Stanley's Mike Wilson .

Persons: John Stoltzfus, Oppenheimer, Jonathan Golub, Tom Lee, Lee, Oppenheimer's John Stoltzfus, Donald Trump's, Binky Chadha, Chadha, Oppenheimer's Stoltzfus, Stoltzfus, Trump, Citigroup's Scott Chronert, Savita Subramanian, Subramanian, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski Organizations: CNBC Market, UBS, Fundstrat Global Advisors, Deutsche Bank Securities, CNBC, Deutsche, Bank of America Securities, BMO Locations: Thursday's, today's, buybacks, Mexico, Canada

☆ CNBC Daily Open: Inflation’s still high — but so is the stock market
▼ + stars: | 2024-12-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This 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. U.S. producer prices still hotU.S. producer prices rose 0.4% in November, higher than the Dow Jones consensus estimate of 0.2%. The hotter-than-anticipated increase in producer prices comes after headline consumer prices rose at a sharper annual rate in November compared with the prior month. [PRO] Tom Lee makes his 2025 predictionsFundstrat's Tom Lee has a history of correct calls.

Persons: reemphasizing, Dow Jones, Tom Lee, Lee, — Organizations: CNBC, CSI, PPI, Reserve Bank of, European Central Bank Locations: Asia, India, Reserve Bank of India

☆ A 5-step end-of-year networking checklist to keep connections warm as you head into 2025
▼ + stars: | 2024-12-13 | by ( Susie Moore | ) www.businessinsider.com time to read: +6 min

Susie Moore, a life coach, moved to NYC and landed a tech job by leveraging mutual connections. It can be fun, graceful, and extremely rewarding, and the holiday season is the perfect time to do it. If you want to step up your networking game as 2025 fast approaches, here's a checklist to seize the season before the year ends. Get into the holiday spiritThe season of goodwill is a great time to reach out and express gratitude. These can be former coworkers, members of your running or book club, friends of friends, or anyone you'd like to know better.

Persons: Susie Moore, they've, I've, We've, she's Organizations: Susie Moore Networking, LinkedIn, CVS Locations: NYC, New York City, Sydney, Australia, Moore, Tokyo, Florida

☆ 'Kraven the Hunter' got a 14% Rotten Tomatoes score. It's low, but one Sony Marvel film did even worse.
▼ + stars: | 2024-12-13 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

"Kraven the Hunter" premieres today with a Rotten Tomatoes critic score of 14%. Advertisement"Kraven The Hunter" premieres today and has already received overwhelmingly negative reviews with only a handful of positive comments from critics, giving it a Rotten Tomatoes score of 14%. Advertisement"Kraven" also scored lower than other Sony Marvel movies that haven't hit with critics, like "Venom" with 30% on Rotten Tomatoes and "Morbius" with 15%. SonyAlthough "Kraven" may have "Madame Web" narrowly beat with critics, things are looking worse when it comes to profitability. Sony is currently developing Holland's fourth "Spider-Man" film, the third "Spider-Verse" movie, and a live-action TV show based on Spider-Noir, a character from the "Spider-Verse" films.

Persons: Kraven, Hunter, Dakota Johnson, Tom Holland, Miles Morales — Organizations: Rotten, Marvel, Sony, Chicago Sun Times, Sony Marvel, Variety

☆ China signals readiness to mend ties with U.S. ahead of Trump inauguration
▼ + stars: | 2024-12-13 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

U.S. President Donald Trump, right, and Xi Jinping, China's president, walk past members of the People's Liberation Army (PLA) during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017. During his election campaign, Trump had threatened to impose tariffs in excess of 60% on China. Earlier this month, the Joe Biden administration announced broader restrictions on U.S. exports of advanced memory chips and chipmaking machineries to Chinese companies. President Xi reiterated on Tuesday that he had "full confidence" to achieve this year's growth target, calling the country "the biggest engine of world's economic growth." Overtures but not capitulationEarlier this week, CBS reported that Trump had invited the Chinese leader to attend his inauguration next month.

Persons: Donald Trump, Xi, Qilai Shen, Xi Jinping, Kenneth Jarrett, Jarrett, Shen Meng, Trump, Joe Biden, machineries, Daniel Balazs, Sam Radwan, Derek Scissors, Gabriel Wildau, Teneo Organizations: People's Liberation Army, PLA, of, People, Bloomberg, Getty, U.S, U.S ., China Business Council, Albright, Trump, America, Chanson, Rajaratnam, of International Studies, Nvidia, CNBC, CBS, American Enterprise Institute Locations: Beijing, China, U.S, Washington

☆ There are 3 ways Donald Trump can reduce the risks from America's soaring debt, Pimco economist says
▼ + stars: | 2024-12-12 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Trump administration promised to reduce the US deficit to 3%. How Trump approaches his tax cut plans will matter, a Pimco economist wrote in the Financial Times. Washington's ballooning debt has prompted a lot of fear among economists and market experts, but there are ways Donald Trump's incoming administration can mitigate the impact. Doing so could yield $100 billion to $400 billion in national savings over the coming decade. Meanwhile, she cited that addressing inefficiencies in healthcare and defense could save Washington $400 billion to $500 billion annually.

Persons: Trump, Donald, Tiffany Wilding, doesn't, Wilding, Joe Biden's, Elon Musk, Vivek Ramaswamy — Organizations: Financial Times, Trump, Congressional, Washington, Government, Republican Locations: Washington, Republican Congress

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