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Oppenheimer's Owen Lau on why crypto will benefit from Trump 2.0
  + 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 EmailOppenheimer's Owen Lau on why crypto will benefit from Trump 2.0Owen Lau, senior analyst at Oppenheimer, joins CNBC's 'The Exchange' to discuss how crypto is set up from here, how president-elect Trump's SEC pick could impact the space, and more.
Persons: Oppenheimer's Owen Lau, Owen Lau, Oppenheimer Organizations: Trump, Trump's SEC
President-elect Donald Trump's second term could spell big gains for Robinhood , according to Bernstein. Analyst Gautam Chhugani, who has an outperform rating on the stock, increased his price target by $21 to $51 and named it his top "crypto deregulation" trade. "But under a potentially new pro-crypto SEC, this looks set to change, and we expect HOOD to be the biggest beneficiary of crypto regulatory tailwinds." Among the 17 analysts covering Robinhood, nine have a strong buy or buy rating, according to LSEG data. On the other hand, seven have taken a neutral stance with a hold rating and one has an underperform rating.
Persons: Donald Trump's, Bernstein, Gautam Chhugani, skyrockets, Chhugani, Gary Gensler, HOOD, , Oppenheimer, Teresa Goody Guillén –, BakerHostetler, Trump, Owen Lau Organizations: Robinhood, Securities and Exchange Commission, Trump, SEC Locations: HOOD
He was the founder of Apple Daily, a pro-democracy, anti-Beijing newspaper that was forced to shut down in 2021. The trial, which began in December 2023, is the most high-profile prosecution of a Hong Kong media figure since the city was handed over from British to Chinese control in 1997. Like all national security trials in Hong Kong, Lai’s trial does not have a jury and is presided over by three judges picked from a national security committee that is approved by Hong Kong’s leader. “Jimmy Lai is a key instigator of anti-China activities, and his collusion with external forces to disrupt Hong Kong and incite division is well-known,” China’s foreign ministry office in Hong Kong said in a statement last week. Reporters Without Borders (RSF) ranked Hong Kong at 135 out of 180 places in its annual press freedom ranking.
Persons: Jimmy Lai, hasn’t, Hong Kong’s, Joshua Wong, , Donald Trump, Lai, Keir Starmer, Xi Jinping, “ We’re, Jimmy Lai’s, ” Starmer, Xi, Daniel Suen, , Chiu Mei, “ Lai, , Chris Lau, CNN Lai, Trump Lai, Mike Pence, Trump, you’re, ” Lai, Hong, Anthony Kwan, John Lee, Lee, Trump’s, Hugh Hewitt, I’ll Organizations: Hong Kong CNN, Apple, White, Apple Daily, Getty, Hong, CNN, , ” Prosecutors, Kowloon Law, Trump, Beijing, Hong Kong . Police, ” Police, HK, Hong Kong Locations: Hong Kong, China, Britain, British, Brazil, AFP, Beijing, Kowloon, Washington, “ Hong Kong, China , Hong Kong, Hong
Benny Tai, a prominent legal scholar and veteran protest leader, received the longest prison term of 10 years – the toughest sentence to date handed down under the national security law. But since the national security law came into effect in 2020, Hong Kong’s political and legal landscape has been transformed. The administration of outgoing US President Joe Biden was also critical of Bejing’s crackdown in Hong Kong, even as it tried to recalibrate ties with Beijing. John Burns, emeritus professor at the University of Hong Kong, said the cumulative changes have reduced the city’s autonomy and citizens’ participation in politics. “The new regime has restricted human rights in Hong Kong, rights that Hong Kongers used to enjoy.
Persons: Hong Kong’s, Joshua Wong, , , Benny Tai, Wong, Gwyneth Ho, Leung Kwok, Claudia Mo, teared, ” –, Chris Lau, Lee Yue, , Hong, Donald Trump’s, Joe Biden, Trump, Raphael Wong Ho, John Burns, Hong Kongers, Hong Kong, John Lee –, ” Lee Organizations: Hong Kong CNN, Hong, CNN Landmark, Police, Washington, Beijing, CNN, Legislative Council, University of Hong, Authorities, Communist Party Locations: Hong Kong, Kowloon, Beijing, British, China, University of Hong Kong, Hong
The Summary Scientific American editor-in-chief Laura Helmuth is leaving the publication. Soon after the election, she posted several profanity-laced comments on social media posts about the results. “I’ve decided to leave Scientific American after an exciting 4.5 years as editor in chief,” Helmuth wrote Thursday on BlueSky. Scientific American did not directly respond to questions about Helmuth’s departure, but its president, Kimberly Lau, said in a statement: “Laura Helmuth has decided to move on from her position as editor in chief of Scientific American. With Helmuth at the helm, Scientific American began to endorse candidates for the first time in 175 years.
Persons: Laura Helmuth, “ I’ve, ” Helmuth, “ I’m, Helmuth, Kimberly Lau, Laura, bemoaning, , Joe Biden, Kamala Harris, Donald Trump “, Robert F, Kennedy Jr, Donald Trump’s, Kennedy Organizations: Scientific, University of North, RFK Jr, Department of Health, Human Services Locations: BlueSky, University of North Carolina
New York CNN —Laura Helmuth is resigning as editor-in-chief of Scientific American magazine following an expletive-filled rant about Donald Trump voters. Posting on Bluesky, an X rival, Helmuth said Thursday that she’s “decided to leave Scientific American after an exciting 4.5 years as editor in chief” without mentioning her previous comments. In a series of now-deleted posts on the same platform, she called Trump voters the “meanest, dumbest, most bigoted” group and “fascists” following the former president’s reelection last week. Helmuth had apologized in a separate post, calling them “offensive and inappropriate” and that they don’t “reflect the position” of Scientific American. “We wish her well for the future.”At 179-years-old, Scientific American says it’s the “oldest continuously published magazine” in the United States and has published pieces from more than 200 Nobel winners.
Persons: Laura Helmuth, Donald Trump, Helmuth, she’s “, , , ” Helmuth, ” Kimberly Lau, Laura, ” Lau, Kamala Harris, Trump Organizations: New, New York CNN, Scientific, Trump, CNN Locations: New York, United States
CNN —Koalas are normally found in eucalyptus trees, but one couple came home in Australia on Wednesday and were shocked to find one in their bedroom. “I was scared, happy and excited at the same time,” Fran Dias Rufino told CNN from Adelaide in South Australia. Francielle Dias RufinoVideo showed the koala sitting on the floor beside their bed, staring at Rufino and her husband, Brunno, before climbing onto a bedside table. In South Australia, where the Rufinos live, koala numbers are stable, and in some areas, populations are so healthy they’re being managed to protect the habitat. Video showed the koala scurrying around the house, presumably looking for a way out, as Rufino screamed frantically in the background.
Persons: CNN —, ” Fran Dias Rufino, Rufino, , , Francielle Dias Rufino Video, Brunno Organizations: CNN, Australian Capital Territory Locations: Australia, Adelaide, South Australia, Brazil, New South Wales, Queensland
Hong Kong CNN —When the new iPhone 16 went on sale, locals couldn’t help but notice some less familiar faces flocking to Hong Kong’s Apple stores: Russians holding piles of cash. “We want to buy as many as possible,” one Russian buyer, Nick Alexenkov, told CNN outside the Apple store in Tsim Sha Tsui, a busy shopping district in Hong Kong. Alexenkov, the iPhone purchaser in Hong Kong, said he expected to turn a profit of up to 25% for each phone despite offering to pay 12% above the retail price to acquire those phones in Hong Kong. A man holds an Apple iPhone 16 Pro Max ahead of the launch of sales of the new iPhone 16 series smartphones in a store in Moscow, Russia September 20, 2024. A man from Hong Kong, who tried to sell two 1-terabyte Pro Maxes, complained that, at $2,027 each, the Russian buyers weren’t offering enough.
Persons: Nick Alexenkov, Vladimir Putin, , Max, Alexenkov, Evgenia Novozhenina Organizations: Hong Kong CNN, Kong’s Apple, CNN, Apple, Mobile, MTS, ” Reuters, Reuters Locations: Hong Kong, Tsim Sha, Ukraine, Russia, Moscow, Eldorado, Russian, Central
CNN —A seaman who fell off a cargo ship survived almost 20 hours at sea before being rescued off Australia’s southeastern coast on Friday, according to emergency services. Marine Rescue NSW vessels were deployed to search for a seaman who had fallen off a cargo ship. Marine Rescue NSW/Facebook“He was wearing a life jacket, he was conscious, he was able to communicate with us, he was very cold, he was hypothermic and exhausted – he was absolutely exhausted,” she added. The authority said it had deployed water police and marine rescue units for the rescue, as well as two sea vessels and two helicopters. Jason Richards from NSW Marine Rescue told 9News that they had no idea how long the man was in the water for in the beginning.
Persons: , Erin Laughton, CNN’s, , Jason Richards, 9News, he’d Organizations: CNN, Boatrowers, NSW Ambulance, John Hunter Hospital, ” NSW Ambulance, . NSW Ambulance, Marine Rescue NSW, Marine Rescue, Facebook, Australian Maritime Safety Authority, NSW Marine Rescue Locations: Singapore, New South Wales, Beach, Newcastle,
A growing group of Chinese travelers are now turning to extreme forms of transportation for their vacations. They call themselves “iron butt” travelers – inspired by the amount of time they spend traveling on uncomfortable seats that make flesh start to feel like metal. Iron butt travel lets me visit more places for less money,” another self-identified “iron butt” traveler, 27-year-old Peng Fei, told CNN. But that doesn’t mean he and his fellow “iron butt” travelers have to compromise the fun. Now, though, iron butt travelers are redefining – or perhaps gentrifying – this form of travel.
Persons: Hong Kong CNN — Lin En, Lin, isn’t, Lin En, Peng Fei, , , I’d, , Lin En's,  Lin En, Peng, “ I’ve, They’re Organizations: Hong Kong CNN, CNN, Tibet Autonomous, United Arab Emirates Locations: Hong Kong, Xinjiang, China’s, Astana, Kazakhstan’s, China, Kazakhstan, Laos, Kunming, Huay, Thailand, Myanmar, megacities, Beijing, Shanghai, Lhasa, Tibet, Tibet Autonomous Region, Guangzhou, Central Asia, Europe, Turkey, Armenia, Georgia, Uzbekistan, Tibet Autonomous, Egypt
Lebanon's caretaker Prime Minister Najib Mikati attends a press conference in Paris, France, on October 24. “We are doing our best and are optimistic that within the next few hours or days we will have a ceasefire,” Lebanon’s caretaker Prime Minister Najib Mikati said Wednesday in an interview with Lebanese media outlet Al Jadeed. Any progress at lowering temperatures in the region will be considered a win inside the White House. CIA Director Bill Burns was in Cairo on Thursday for discussions on Gaza and Lebanon, including a meeting with Egyptian President Abdel Fattah El-Sisi. Read more about the diplomatic push.
Persons: Najib Mikati, Sarah Meyssonnier, Benjamin Netanyahu, , Netanyahu, Biden, , Bill Burns, Abdel Fattah El, Amos Hochstein, Brett McGurk, Hochstein Organizations: Reuters American, CIA, White Locations: Paris, France, Gaza, Lebanon, Israel, Cairo, Iran
Texas Attorney General Ken Paxton sued an El Paso doctor on Tuesday, accusing him of providing transition-related medical care to nearly two dozen minors in violation of state law. Texas enacted a law, Senate Bill 14, last year banning gender-affirming care for anyone under 18. Laws restricting access to transition-related care for minors exist in 26 states, according to the Movement Advancement Project, an LGBTQ think tank. The Texas lawsuits come just ahead of the presidential election, where transition-related care has become somewhat of a flashpoint. NBC News asked Harris about her position on gender-affirming care last week.
Persons: Ken Paxton, Paxton, Hector M, Granados, Bill, ” Paxton, , May Chi Lau, Lau, Greg Abbott, Abbott, Donald Trump’s, Kamala Harris ’, Trump, Harris Organizations: El, University of Texas Southwestern Medical Center, Movement Advancement, Gov, Republican, U.S, Supreme, American Medical Association, American Academy of Pediatrics, NBC News Locations: Texas, El Paso, “ Texas, , Dallas, Tennessee
But now the organization is turning its attention (and its rats’ noses) to the global illegal wildlife trade. “Unfortunately, organized crime knows there’s a real weak spot in detection methods of ports, seaports and airports, particularly in Africa.”Traffickers disguise wildlife products in a whole host of ways, he explains. This is particularly important given that much of the illicit wildlife trade comes from some of the world’s poorest regions. “I’m hopeful that (using rats) for detecting wildlife will be a low cost, low impact, low footprint operation,” says Allan. The illegal wildlife trade not only impacts populations of the trafficked animal or plant, it can have devastating knock-on consequences for whole ecosystems.
Persons: “ HeroRATs, , Crawford Allan, Ivory, APOPO, blackwood –, Allan, who’s, Dr, Izzy Szott, you’re, , Kate Webb, they’ve, Chris Lau Organizations: CNN, WWF, Conservation, Psychiatry, Behavioral Sciences, Duke University Locations: Tanzania, Africa, North Carolina, Singapore, France, Dar es Salaam, Dar es
HONG KONG — A key piece of a little-told chapter of World War II history almost ended up in a landfill. That diary is now believed to be the only known primary source documenting the involvement of Chinese naval officers in the D-Day landings at Normandy. The 24 British-trained Chinese naval officers were forced to choose between the two sides, with many of them going on to have distinguished careers in the Chinese or Taiwanese militaries. Instead he settled down in Hong Kong, a British colony at the time, where he worked as a merchant seaman until the late 1960s. A page from Lam’s journal on display at the Fringe Club in Hong Kong last month.
Persons: Lam Ping, Chiang Kai, Lam, , , ” Lam, John Mak, Chiang, Mao Zedong’s, Peter Parks, Mak, Angus Hui, crackdowns, Lau Suk Yin, ” Hui, ” Mak Organizations: Pacific, U.S, Royal Naval College, Allied, Fringe Club, Getty Locations: HONG KONG, Hong Kong, Normandy, Indonesia, China, United States, Britain, France, Norwegian, Germany, Japan, Mao Zedong’s Communist, Republic of China, Taiwan, British, Brazil, AFP, Greater China
People stage a Halloween cosplay carnival in Shanghai, China, October 27, 2024. “Was dressing up for Halloween no longer allowed at Julu Road in Shanghai this year? A reveler dressed up as Republican presidential candidate Donald Trump is taken away by police in Shanghai during Halloween celebrations on October 26, 2024. “(I guess) there will never be any Halloween celebration in Shanghai as innovative as the one in 2023. The Shanghai municipal government even praised last year’s Halloween celebration as “a sign of cultural tolerance.”A partygoer dressed up as Buddha is escorted away by police in Shanghai during Halloween celebrations on October 26, 2024.
Persons: Hong Kong CNN —, revelers, Donald Trump, partygoers, Trump, Douyin, Alfred Wu, Lee, Organizations: Hong Kong CNN, CNN, Publishing, Shanghai Disney Resort, Weibo, Douyin CNN, Lee Kuan Yew, of Public, National University of Singapore Locations: China, Hong Kong, Shanghai, United States, Asia, Japan, South Korea, ,
The Israeli military said the strikes, which have now concluded, were in retaliation for Iran’s ballistic missile barrages on Israel earlier this month and in April. The Israeli military said it struck manufacturing sites used to produce missiles that Iran has fired at Israel over the past year. “The Israel Defense Forces completed precise and targeted strikes against military targets in a number of areas in Iran. Our planes have safely returned home,” an Israeli military statement said. “This should be the end of this direct exchange of fire between Israel and Iran,” a senior US administration official said after the strikes.
Persons: , ” IRNA Organizations: Israel Defense Forces, Islamic Republic News Agency Locations: Iran, Israel, United States, Yemen, Gaza, Tehran, Ilam, Khuzestan
A general view of Tehran after several explosions were heard, in Tehran, Iran, on October 26, 2024. The Israeli military said the strikes, which have now concluded, were in retaliation for Iran’s ballistic missile barrages on Israel earlier this month and in April. The Israeli military said it struck manufacturing sites used to produce missiles that Iran has fired at Israel over the past year. “The Israel Defense Forces completed precise and targeted strikes against military targets in a number of areas in Iran. “This should be the end of this direct exchange of fire between Israel and Iran,” a senior US administration official said after the strikes.
Persons: Majid Asgaripour, , ” IRNA Organizations: Wana News Agency, Reuters, Israel Defense Forces, Islamic Republic News Agency Locations: Tehran, Iran, Israel, United States, Yemen, Gaza, Ilam, Khuzestan
“Minari” Oscar winner Youn Yuh-jung has joined Season 2 of “Beef.”Netflix officially announced on Wednesday that the series, from Lee Sung Jin and A24, would return for a second season with Oscar Isaac, Carey Mulligan, Charles Melton and Cailee Spaeny. She became the first Korean to win an acting Oscar. Valerie Macon / AFP - Getty Images file“Beef” was originally a limited series starring Yeun and Ali Wong that became a breakout hit on Netflix and won eight Emmys — including for best limited series, directing, writing and acting for both Yeun and Wong. In Season 1, Yeun and Wong played Danny Cho and Amy Lau, two strangers in Los Angeles whose lives become entangled after a road rage incident. Lee is the creator and showrunner of “Beef,” and he executive produces Season 2 alongside Jake Schreier, Yeun and Wong.
Persons: “ Minari ”, Youn Yuh, jung, Lee Sung Jin, Oscar Isaac, Carey Mulligan, Charles Melton, Cailee, ” Youn, , Steven Yeun, Oscar, Youn’s, Valerie Macon, , Yeun, Ali Wong, Wong, Danny Cho, Amy Lau, Lee, Jake Schreier Organizations: , Netflix, Apple, Getty, Globes Locations: “ Beef, Korean, AFP, Los Angeles
Health care officials in northern Gaza warned of severe shortages in medical supplies on Wednesday as Israeli bombardment in the area intensified. The hospital faces severe shortages in staff, medical supplies, blood units, food for patients and fuel to activate medical devices, he said. “We have nothing to provide for the patients and the injured.”Repeated Israeli bombardment nearby has significantly damaged the hospital, he said, destroying patient accommodations and blocking access for emergency services. Kamal Adwan Hospital, also in Beit Lahiya, is facing severe shortages as well, its director Hussam Abu Safiya told CNN over the phone. CNN has reached out to the Israeli military for a comment on the intensive bombardment in northern Gaza.
Persons: Dr, Mohamed Saleh, Beit Lahiya, , , Kamal Adwan, Hussam Abu Safiya Organizations: Al, Awda, CNN Locations: Gaza, Beit, Beit Lahiya
Dallas AP —Texas has sued a Dallas doctor over accusations of providing gender-affirming care to youths, marking one of the first times a state has sought to enforce recent bans driven by Republicans. The Texas law prevents transgender people under 18 from accessing hormone therapies, puberty blockers and transition surgeries, though surgical procedures are rarely performed on children. Children’s Health said in a statement that it “follows and adheres to all state health care laws.”At least 26 states have adopted laws restricting or banning gender-affirming medical care for transgender minors, and most of those states face lawsuits. The lawsuit comes just weeks before an election in which Republicans have used support of gender-affirming health care as a way to attack their opponents. Greg Abbott, who was the first governor to order the investigation of families of transgender minors who receive gender-affirming care.
Persons: Ken Paxton, May Lau, Harper Seldin, , Seldin, ” Seldin, Lau, ” Paxton, Republican Sen, Ted Cruz, Colin Allred, Greg Abbott Organizations: Dallas AP, Texas, Republicans, Republican Texas, HIV, UT Southwestern Medical Center, UT Southwestern, Children’s Health, Republican, Democratic, Republican Gov Locations: Dallas, Texas, Collin County, The Texas, Arkansas, Florida, Montana . New Hampshire
Texas Attorney General Ken Paxton sued a Dallas doctor Thursday for allegedly providing transition-related care to nearly two dozen minors in violation of state law. Paxton alleged that Dr. May Chi Lau, who specializes in adolescent medicine, provided hormone-replacement therapy to 21 minors between October 2023 and August for the purpose of transitioning genders. In 2023, Texas enacted a law banning hormone-replacement therapy and other forms of gender-affirming care for minors. Lau’s employer, the University of Texas Southwestern Medical Center, did not immediately return a request for comment. Paxton’s suit is the first in the nation by an attorney general against an individual doctor for allegedly violating a restriction on transition-related care for minors.
Persons: Ken Paxton, Paxton, May Chi Lau, ” Paxton, Paxton's, Lau Organizations: University of Texas Southwestern Medical Center Locations: Texas, Dallas, “ Texas
In yet another incident, crowds of angry drivers gather outside an apartment complex, demanding justice for a fellow delivery driver said to be bullied by security guards there. They’re among the many episodes of explosive confrontations across China involving delivery workers widely circulated on Chinese social media, showing people stretched to the breaking point. As China’s economy grapples with a raft of setbacks, from a protracted property crisis to a lack of consumer spending, delivery workers are taking a beating. That eats into delivery workers’ income as their pay is usually tied to a commission based on the price of the order. In 2019, a delivery driver died after he was hit by a tree knocked over by strong winds in Beijing, according to state media Global Times.
Persons: , , Jenny Chan, Chan, they’ve, Greg Baker, Morningstar, Alibaba, , Lu Sihang, Lu, China’s, Gary Ng, ” Ng, Pedro Pardo, Workers.cn, Yang, Justin Robertson Organizations: Hong Kong CNN, Polytechnic University of Hong, Getty, iiMedia Research, CNN, China New Employment Research Center, Research, China Labour Bulletin, Polytechnic University, Global Times, Chongqing Broadcasting Group Locations: Beijing, Hong Kong, China, Polytechnic University of Hong Kong, AFP, Chinese, Hunan
UNIFIL (United Nations Interim Force In Lebanon) armoured personnel carriers depart a base to patrol near the Lebanon- Israel border on October 5. UNIFIL — the UN peacekeeping mission in Lebanon — has called the violations “shocking” while Israel has accused Hezbollah of operating in areas near UNIFIL posts. The United Nations Interim Force in Lebanon (UNIFIL) was established by the UN Security Council following Israel’s first invasion into southern Lebanon in 1978. It acts as a de-facto border between the two countries since Lebanon and Israel have an ongoing border dispute. The UNIFIL troops are tasked with monitoring border violations and keeping the area, which includes Hezbollah strongholds — secure.
Persons: Carl Court, Lebanon — Organizations: UNIFIL, United Nations Interim Force, UN, UNIFIL — Locations: Lebanon, Israel, UNIFIL, Indonesia, Italy, India, Nepal, Ghana, Malaysia
• Israel: A Hezbollah drone attack on an Israeli army base killed four soldiers and injured more than 60 people in one of the bloodiest attacks on Israel since the war began last October. Israel’s military said it will look into how the drone entered Israel without triggering an alert. • Lebanon: UN peacekeepers said Israeli soldiers breached one of its posts in southern Lebanon in violation of international law. The Israeli military later said one of its tanks backed into the post as it was evacuating wounded soldiers. A string of Israeli military actions have wounded peacekeepers in Lebanon in recent days, drawing global condemnation.
Persons: Organizations: UN Locations: • Israel, Israel, Lebanon, Iran, Tehran, • Gaza, Gaza
Israeli military spokesperson Daniel Hagari says the Israel Defense Forces will look into how a Hezbollah-launched drone entered Israel on Sunday without triggering an alert. Hezbollah said it had launched dozens of rockets towards Nahariya and Acre with the aim of engaging Israel’s air defense systems, while it also launched a swarm of drones – some used for the first time – toward areas of Acre and Haifa. The Israeli military said four soldiers were killed in the attack. Emergency services have said more than 60 people were injured. Hezbollah warned Israel that Sunday’s attack was the “easy part of what awaits if (Israel) continues its attack on our defiant people.”On Sunday, the Iran-backed group said it had launched 38 attacks on Israeli soldiers, army bases and barracks in Israel and southern Lebanon — the most since the start of Israel’s war with Hezbollah.
Persons: Daniel Hagari, Hagari, , Organizations: Israel Defense Forces, Golani Brigade Locations: Israel, Binyamina, Lebanon, Nahariya, Acre, Haifa, Iran
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