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Diamond Sports moved closer to exiting bankruptcy on Thursday after a bankruptcy judge approved its reorganization plan, which slashes the hefty debt load that toppled the company. The green light is a significant milestone for the owner of regional sports networks, which has been under bankruptcy protection since March 2023. It presented its reorganization plan to the court with a standing objection from the U.S. The reorganization plan that received court approval on Thursday will see Diamond's debt load cut from nearly $9 billion to $200 million. Diamond is now unencumbered by legacy debt, financially stable and enthusiastically supported by new ownership," Diamond CEO David Preschlack said in a release Thursday.

Persons: Jose Siri, Dansby Swanson, Travis d'Arnaud, Diamond, David Preschlack Organizations: Major League Baseball's Houston Astros, Atlanta Braves, Diamond Sports, Amazon, Major League Baseball, U.S ., Diamond Locations: Truist, Atlanta

☆ New Zealand MPs disrupt parliament with haka to protest Indigenous treaty bill
▼ + stars: | 2024-11-14 | by ( ) edition.cnn.com time to read: +2 min

REUTERS —New Zealand’s parliament was briefly suspended on Thursday after Maori members staged a haka to disrupt the vote on a contentious bill that would reinterpret a 184-year-old treaty between the British and Indigenous Maori. Rulings by the courts and a separate Maori tribunal have progressively expanded Maori rights and privileges over the decades. Parliament was briefly suspended as people in the gallery joined in, and shouting drowned out others in the chamber. ACT New Zealand leader David Seymour said people who oppose the bill want to “stir up” fear and division. New Zealand's parliament was briefly suspended on Thursday after Maori members staged a haka to disrupt the vote on a contentious bill that would reinterpret a 184-year-old treaty between the British and Indigenous Maori.

Persons: Te, David Seymour Organizations: REUTERS, British Crown, ACT New Zealand, New Zealand’s rugby, Parliament, New, Coalition, National Party Locations: Waitangi, New Zealand, New, Wellington

On the day after the election, Nov. 6, X experienced its largest user exodus since Elon Musk bought the platform in 2022. NBC News spoke to six people who have joined or committed to using Threads and Bluesky in place of X after the election because of Musk. In the past five days, Wurtz said people she used to follow on X have started to trickle over to Threads. “I have a private personal account for friends and family and a public account for Taylor Swift, so nobody drowns in my Taylor Swift content,” Polo said. Currently, X users can go to the site’s settings and opt out.

Persons: Elon Musk, Don Lemon, Donald Trump, Musk, Kara Wurtz, Louis, ” Wurtz, “, I’m, Wurtz, Wurtz isn’t, Adam Mosseri, Bluesky, ”, Mosseri, David Carr, X, Polo, Swifties, Taylor Swift, ” Polo, Elon, Rory Mir, ” Mir, José Vilson, “ I’m, ” Laura Sell, Sell, “ It’s, Micah Lee, Dr, Jorge Caballero, ” Caballero, it’s Organizations: Elon, Guardian, NBC, Trump, Twitter, NBC News, Bluesky, Electronic Frontier Foundation, Duke University Press Locations: Similarweb, United States, Canada, Bluesky

The Boston-area university’s denial followed a reported claim by one of its professors that the political science department would no longer facilitate internships at Moulton’s office. “We have reached out to Congressman Moulton’s office to clarify that we have not — and will not — limit internship opportunities with his office,” the university said in a statement. Moulton’s office also shared a transcript of a voicemail that it said was left by Art, the contents of which were first reported by The Boston Globe. He did confirm to the Globe that he had called Moulton’s office about blocking student internships. The Harris campaign did not immediately reply to a request for comment.

Persons: Seth Moulton, Moulton’s, Moulton, Kamala Harris, ”, “, I’m, ” David Art, “ I’m, Sydney Simon, ” Moulton, Harris, Tom Suozzi, ” Suozzi, “ Kamala, Trump, ” Harris, Sam Alleman Organizations: Tufts University, Center, New York Times, Democratic, “, Times, Tufts, NBC News, Art, The Boston Globe, Globe, AdImpact, Facebook, Pew Research Center, NBC, MSNBC, NBCUniversal, Trump, Democratic National Convention, Republican National Convention Locations: interning, Boston, New York

Soto, 26, is hands down this winter’s most highly sought-after free agent, valued as much for his elite baseball skills as for his birth date. And in an age of swing-for-the-fences baseball, Soto struck out just 16.7% of the time, while the league whiffed at a 22.2% clip this season. Free agency is “going to be exciting,” Soto told reporters moments after the Yankees lost Game 5 of the World Series, ending the baseball season. The AL champion Yankees had the second-highest MLB payroll, at $309.8 million for their 40-man roster, according to Baseball Prospectus. There's no telling when Soto or other any free agents will come to terms with their 2025 teams.

Persons: Juan Soto, Soto, Al Leiter, Leiter, Shohei, Scott Boras, Ohtani, ” Soto, “ It’s, Aaron Judge, they'll, Bryce Harper, Harper, “ I’m, ”, Cy Young, Blake Snell, “ We’re Organizations: Major League Baseball, Yankees, American League, Dodgers, New York Mets, San Diego Padres, Boston Red Sox, Toronto Blue Jays, San Francisco Giants, MLB, baseball's, MLB Network, Mets, Red Sox, Blue Jays, Los Angeles Dodgers, Dodgers DH, NL, Soto's, Philadelphia Phillies, Phillies, Big Apple, AL, Baseball, Cleveland Guardians, The Dodgers Locations: Los Angeles, Southern California, Soto's New York, South Philly, San Diego, New York

☆ Bluesky’s user base has doubled in the past 90 days. Is it a mass exodus from X?
▼ + stars: | 2024-11-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

Bluesky’s user base has doubled in the past 90 days — on Tuesday the company said it had gained 1 million new sign-ups in the past week alone, bringing it to more than 15 million total users. “X usage is at an all-time high and continues to surge,” X CEO Linda Yaccarino said in a post Wednesday. Bluesky also saw daily visits jump on Election Day and the day after to 1.2 million and 1.3 million, respectively, up from around 800,000 in the days before. On Bluesky, daily users more than doubled from-mid October to the post-election week. In the run-up to the election, Musk spread false and misleading claims about Trump’s competitor, Vice President Kamala Harris.

Persons: Bluesky rocketed, Elon, Musk, Donald Trump, Charlie Warzel, New York Times ’ Mara Gay, Don Lemon, X, White supremacists, Linda Yaccarino, “, Similarweb, Bluesky, ” David Carr, we’ve, Ed Zitron, EZPR, Zitron, Mike Isaac, ”, Trump, MAGA, Kamala Harris, Vivek Ramaswamy, Vladimir Zelensky, Musk’s Starlink, That’s, – CNN’s Liam Reilly, Matt Egan Organizations: New, New York CNN, Apple, New York Times, CNN, Guardian, ” New York Times, Trump, Twitter, “ Department, Government Locations: New York, anecdotally, Bluesky, ”, Russia

☆ My 11-year-old walked less than a mile away from home. I was arrested and charged with reckless conduct.
▼ + stars: | 2024-11-13 | by ( Jane Ridley | ) www.businessinsider.com time to read: +7 min

A stranger called the cops, concerned he might be in danger, though he said he was OK.Patterson was charged with reckless conduct. AdvertisementThe sheriff's deputy asked if I knew that my youngest son, Soren, who was about to turn 11, was alone in our downtown area. It turned out he'd walked just under a mile from our house in the woods where he's homeschooled. The deputy wanted to know why he was there, how he got there, and why I didn't know where he was. I was annoyed with Soren for going into town without telling me or other family members first, but I wasn't panicking.

Persons: Patterson, Brittany Patterson, Evander's doctor's, Soren, he'd, we'd, who's, —, Josh, They're, David DeLugas, texted, we've, that's Organizations: Dollar, Family, Children Services, Sheriff's, Child Services Locations: Brittany, Fannin County , Georgia, Fannin, Georgia

☆ Elon Musk may already be overstaying his welcome in Trump’s orbit
▼ + stars: | 2024-11-13 | by ( Dasha Burns | David Ingram | ) www.cnbc.com time to read: +6 min

In a statement, Trump-Vance transition spokeswoman Karoline Leavitt said, "Elon Musk and President Trump are great friends and brilliant leaders working together to Make America Great Again. Elon Musk is a once in a generation business leader and our federal bureaucracy will certainly benefit from his ideas and efficiency." An adviser to Trump said that Elon Musk would join Trump in a meeting Wednesday with Republican lawmakers ahead of leadership elections. In posts on X in the past week, Musk has pushed various policy ideas including deporting immigrants and slashing government spending. On Sunday, one of Trump's grandchildren, Kai Trump, posted a photo on X of herself with Musk, writing that Musk was "achieving uncle status."

Persons: Elon Musk, Donald Trump, Vivek Ramaswamy, Musk, who've, they're, he's, Trump, Vance, Karoline Leavitt, Volodymyr Zelenskyy, Elon, pester Trump, Elon doesn't, Cantor Fitzgerald, Howard Lutnick, Kai Trump Organizations: Trump, Tech, SpaceX, Department of Government, America PAC, Mar, Ukrainian, Republican, PAC, West Palm Beach Locations: Butler , Pennsylvania, U.S, Beach , Florida, Pennsylvania, West Palm Beach, Mar, West Palm, Austin , Texas

☆ Meet the AI version of Andrew Ross Sorkin and David Faber
▼ + stars: | 2024-11-13 | 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 EmailMeet the AI version of Andrew Ross Sorkin and David FaberCNBC's Andrew Ross Sorkin and David Faber present their AI versions at CNBC’s Delivering Alpha 2024.

Persons: Andrew Ross Sorkin, David Faber CNBC's Andrew Ross Sorkin, David Faber

☆ How Elon Musk’s worst business decision led him to Trump
▼ + stars: | 2024-11-13 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk, the world’s richest person, will be taking on an official role to try to help President-elect Donald Trump make government more efficient. It will add yet another responsibility to an ever-growing to-do list for the increasingly distracted CEO and business leader. Tesla, Musk’s most valuable company, in recent years has struggled to maintain its dominance of the electric vehicle market. Of course, that’s if Trump and Musk remain on good terms. And no matter how much power and influence Musk could yield, Trump will hold the ultimate trump card: He’ll be president.

Persons: New York CNN — Elon Musk, Donald Trump, Musk, Tesla, Trump, ”, Dan Ives, Ives, “, it’s, ” Ives, He’ll Organizations: New, New York CNN, SpaceX, Boring, EV, Wedbush Securities, Trump White House, Tesla, Trump, Bloomberg, Boeing, Fidelity, Twitter Locations: New York, China

☆ Elon Musk worries free speech advocates with his calls to prosecute researchers and critics
▼ + stars: | 2024-11-13 | by ( David Ingram | Lora Kolodny | ) www.cnbc.com time to read: +8 min

He cited X's increasing compliance with foreign governments' demands to censor content on the platform and the lawsuits against the Center for Countering Digital Hate and Media Matters. X has a pending lawsuit against Media Matters and a pending appeal in a lawsuit that X lost against the Center for Countering Digital Hate. The ACLU, the Electronic Frontier Foundation and the Knight First Amendment Institute at Columbia University filed an amicus brief in support of the Center for Countering Digital Hate. The feud between Musk and the Center for Countering Digital Hate has continued. Rep. Jim Jordan, R-Ohio, also criticized the Center for Countering Digital Hate on Thursday, sending the organization a demand for documents related to the "Kill Musk's Twitter" language.

Persons: Elon Musk, Donald Trump, Anna Moneymaker, Musk, Victoria Nuland, Nadine Strossen, Trump, Strossen, they're, Aaron Terr, Terr, there's, Michael Gerhardt, Chapel Hill, —, X, Charles Breyer, Imran Ahmed, Elon, Ahmed, Jim Jordan Organizations: Republican, State Department, Center, American Civil Liberties Union, New York Law School, SpaceX, Justice Department, Foundation, Rights, Hate, Media, NBC News, NBC, Media Matters, University of North, Chapel, Department, The Justice, District, ACLU, Electronic Frontier Foundation, Columbia University, Racket, Federal Government Locations: Butler , Pennsylvania, University of North Carolina, U.S, Ohio

☆ Quincy Jones’ cause of death revealed
▼ + stars: | 2024-11-13 | by ( Dan Heching | Cheri Mossburg | ) edition.cnn.com time to read: +4 min

Bob Parent/Hulton Archive/Getty Images Jones performs with his band in Vienna, Austria, in 1960. brandstaetter images/Hulton Archive/Getty Images Jones works with Frank Sinatra on a soundstage in 1964. Benainous/Reglain/Gamma-Rapho via Getty Images Jones poses with the six Grammys he won in 1991. Patrick Kovarik/AFP/Getty Images Jones and Oprah Winfrey appear on the red carpet together at the Academy Awards in 1995. Lois Bernstein/AP Jones poses for a photo with his daughters Kidada Jones and Rashida Jones in 2005. Charley Gallay/Getty Images Jones poses for a portrait during the Toronto Film Festival in 2018.

Persons: Quincy Jones, Jones, Ray Charles, Frank Sinatra, Michael Jackson, Bobby Holland, Michael Ochs, Bob Parent, John Dominis, Duke Ellington, David Redfern, Peggy Lipton, Shutterstock Jones, Doug Pizac, Lou Rawls, Ron Galella, Stevie Wonder, Sunny Bak, Will Smith, Miles Davis, Courtney Sale Ross, Richard Corkery, Eddie Murphy, Rick Maiman, Patrick Kovarik, Oprah Winfrey, Lois Bernstein, Kidada Jones, Rashida Jones, Donato Sardella, Kevin Mazur, Barack Obama, JIM WATSON, Michael Caine, Denise Truscello, Naomi Campbell, Charley Gallay, Chris Pizzello, ”, Lisa Respers France, Alli Rosenbloom Organizations: CNN, Associated Press, Michael Ochs Archives, Getty, CBS, HBO, United Negro College Fund, Lille, Montreux Jazz, Academy, Jones, White House, Toronto Film, Theatre, Abaca Press, AP, Recreation Locations: Bel Air , California, Los Angeles, Vienna, Austria, Redferns, Beverly Hills, Cannes, France, Switzerland, AFP, Haiti, Hollywood, Las Vegas

☆ Ark's Cathie Wood changed Wall Street. Now, she's set her sights on venture capital.
▼ + stars: | 2024-11-13 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

Wood's effort to do something similar for venture capital has delivered investments in many of Silicon Valley's hottest deals. SpaceX, founded by Elon Musk, is Ark Venture Fund's largest holding, accounting for 13% of the fund's total assets. SpaceX is Ark Venture Fund's largest holding, accounting for 13% of the fund's total assets, worth around $9 million. OpenAI makes up just 5% of the Ark Venture Fund's portfolio, which means it has less than $4 million invested. AdvertisementArk Venture Fund charges a flat fee for investing assets under its control, the same as a venture fund.

Persons: Cathie Wood, Brett Winton, Wood, Andreessen Horowitz, Jeff Bezos, Elon Musk, David McNew, Winton, it's, Ark, OpenAI, Donald Trump's, Morningstar, that'll Organizations: Ark Venture Fund, Ark, Investors, Ark Invest, Elon, SpaceX, Ark Venture, Epic Games, Venture Fund Locations: Sequoia

☆ Trump’s tariff threats send U.S. companies scrambling for lobbyists and loopholes
▼ + stars: | 2024-11-12 | by ( Rebecca Picciotto | Lora Kolodny | ) www.nbcnews.com time to read: +4 min

“Absolutely everyone is calling,” Collinson told CNBC. “Firms are prepared,” SUNY Buffalo finance professor Veljko Fotak, one of the authors of the 2021 study, told CNBC. “The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail. On Thursday, Steve Madden pledged to reduce its Chinese imports by 45% over the next year in anticipation of Trump’s tariff plans. There’s got to be some way to help companies like that,” Sorini of Sorini, Samet & Associates told CNBC.

Persons: Donald Trump, Nicole Bivens Collinson’s, Collinson, Sandler, Travis, Rosenberg, ” Collinson, Trump, ” David French, “, ” Ron Sorini, ” Sorini, Veljko Fotak, ” Tiffany Smith, Karoline Leavitt, ” Leavitt, Steve Madden, There’s, ” Organizations: CNBC, Wall Street, National Retail Federation, Samet, Associates, Republican Party, White, SUNY Buffalo, National Foreign Trade Council, Trump Locations: China, America

“Any disputes Musk has with his critics should play out in the court of public opinion, not a court of law,” Terr said. Musk and representatives at X did not respond to requests for comment on his calls for prosecution. Musk and X have sometimes found allies among members of Congress or state attorneys general who have launched investigations. “The First Amendment obviously protects both Musk and his critics in making public pronouncements about each other,” he said in an email. The feud between Musk and the Center for Countering Digital Hate has continued.

Persons: Elon Musk, Musk, Victoria Nuland, ”, ” Musk, Donald Trump, Nadine Strossen, Trump, Strossen, they’re, ” Aaron Terr, ” Terr, there’s, Michael Gerhardt, Chapel Hill, —, X, Charles Breyer, Imran Ahmed, “ Elon Musk, “, ” Ahmed, Ahmed, Jim Jordan, Travis Brown, Brown, Aaron Greenspan, PlainSite, Greenspan, Jack Sweeney, Sweeney, Taylor Swift, he’s, “ Trump Organizations: State Department, Center, American Civil Liberties Union, New York Law School, “, SpaceX, Justice Department, Foundation, Rights, Hate, Media, NBC News, NBC, Media Matters, University of North, Chapel, Department, The Justice, District, ACLU, Electronic Frontier Foundation, Columbia University, Constitution, Racket, Twitter, Federal Government, World Federation, Internet, Wired, Washington Post Locations: University of North Carolina, U.S, Ohio, Texas, San Francisco

Protesters waved Nazi flags outside of a community theater production of “The Diary of Anne Frank,” leaving performers "understandably shaken" by the hateful display in Michigan, officials said Monday. American Legion Post 141 in Howell, Mich., where the play by Frances Goodrich and Albert Hackett was being staged. "For this production, our cast was also on stage in character during intermission, which was when they found out as well," according to a statement by the Fowlerville Community Theater. The Fowlerville Community Theater drew direct parallels between the play — adapted from the famed diary of Anne Frank, a Jewish girl killed by Nazis in the Holocaust — and the events of Saturday night. "The presence of protesters outside gave us a small glimpse of the fear and uncertainty felt by those in hiding," the statement said.

Persons: Anne Frank, ”, Frances Goodrich, Albert Hackett, Anne Frank ., Sheriff Michael Murphy, Murphy, Donald Trump, Hitler Organizations: American Legion, Google, Fowlerville, Getty, Michigan Anti, Defamation League Locations: Michigan, Howell, Mich, Livingston County, . Michigan, U.S

☆ 'SNL' cast member Chloe Fineman says Elon Musk made her cry when he hosted the show
▼ + stars: | 2024-11-12 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Saturday Night Live” cast member Chloe Fineman appeared to solve a mystery Monday about which recent “SNL” host made someone cry: She said that the host was tech billionaire Elon Musk and that she was the one in tears. In August, fellow cast member Bowen Yang said on a podcast that a male “SNL” host made multiple cast members cry because the host hated their ideas for sketches. “I’m gonna come out and say, at long last, that I’m the cast member that he made cry and he’s the host that made someone cry,” she said in the video. Musk didn’t immediately respond to a request for comment late Monday about Fineman’s video. Fineman didn’t say which sketch it was, but she said it made it onto the show and turned out well.

Persons: Chloe Fineman, Elon Musk, Bowen Yang, Yang didn’t, John Nacion, Fineman, I’m, ”, Wario, ” Fineman, “, Musk wasn’t, Musk, Donald Trump, Kamala Harris, Dana Carvey’s, ” Musk, “ You’re Organizations: SNL, Getty, SpaceX, NBC, “ SNL Locations: New York City

☆ The stock market is loving Trump’s return. The bond market has some concerns though
▼ + stars: | 2024-11-12 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

CNN —Donald Trump is returning to the White House, and the stock market is loving it. ‘The regime change’For now, stock market investors don’t seem bothered by the jump in bond yields or these inflationary or debt concerns. “The stock market jumped for joy that the election results were definitive, thus averting a contested election. Of course, market veterans say they wouldn’t be surprised to see the stock market eventually display concern about tariffs and inflation under Trump. That could pose a number of problems for the economy and the stock market.

Persons: Donald Trump, Trump, shockwaves, ”, David Kotok, Stephanie Roth, Roth, ” Roth, Sau Loeb, Kamala Harris, Harris, Jeff Buchbinder, “, Kotok, it’s, ” Kotok, They’re, Freddie Mac, ‘, Ed Yardeni, Yardeni, It’s, ’, BTIG’s Isaac Boltansky Organizations: CNN, White, Dow Jones, stoke, Trump, Advisors, Wolfe Research, Treasury, US Treasury Department, Getty, Wall Street, LPL, Fed, Stock Locations: Big, Washington , DC, Washington

☆ KFC sues Church’s over ‘Original Recipe’
▼ + stars: | 2024-11-12 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Last week, KFC accused Church’s Texas Chicken of violating its trademark rights when its fried chicken competitor began using the words “Original Recipe” in its advertising and promotions. KFC claimed in a lawsuit that beginning September 30, it noticed Church’s “abruptly” began using the phrase and ignored KFC’s October 24 letter objecting to the ads. In the disputed promotions, Church’s posted photos of its fried chicken deals with text above reading: “our original recipe is back.”The phrase, which KFC has been using for over half a century, “is likely to create confusion in the marketplace and dilute the ORIGINAL RECIPE® Mark,” the lawsuit, which was filed in US District Court in Texas, said. But when it comes to fried chicken, KFC also has to compete with Church’s Texas Chicken, Popeyes, Raising Cane’s, Zaxby’s and more. KFC’s “Original Recipe” trademark, which it says is a secret blend of 11 herbs and spices, has long been part of the company’s branding.

Persons: Church’s, Church’s “, ”, ’, David Gibbs, ” Gibbs, Texas, KFC’s Organizations: New, New York CNN, KFC, Court, Brands, “ Locations: New York, Texas

In the days since President-elect Donald Trump won the presidential race, Nicole Bivens Collinson's phone has barely stopped ringing. Collinson, who helps lead the international trade and government relations division at the lobbying firm Sandler, Travis & Rosenberg, said she is fielding "dozens and dozens and dozens" of calls from anxious U.S. companies looking to protect themselves from Trump's hardline tariff plans by finding loopholes and exemptions. "Absolutely everyone is calling," Collinson told CNBC. "Our members have been working on contingency plans since President Trump secured the nomination." "[Companies] question where they should go, and how do they get the components out [of China]?

Persons: Donald Trump, Nicole Bivens Collinson's, Collinson, Sandler, Travis, Rosenberg, Trump, David French, Ron Sorini, Sorini Organizations: CNBC, Wall Street, National Retail Federation, Samet, Associates Locations: China

☆ David Coote: English Premier League referee suspended after controversial video goes viral
▼ + stars: | 2024-11-12 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —English Premier League (EPL) referee David Coote has been suspended pending investigation after a video went viral on social media appearing to show him making negative comments about Liverpool and the club’s former manager Jurgen Klopp. The video, which has not been verified by CNN, was posted on X, formerly known as Twitter, on Monday. Former Liverpool manager Jurgen Klopp (right) has previously criticized Coote (center). Oli Scarff/NMC Pool/PAThe viral video appears to show Coote speaking about a match back in 2020 between Liverpool and Burnley, which ended as a 1-1 draw. The English football federation (FA) told CNN it was also aware of the incident and was investigating it.

Persons: David Coote, Jurgen Klopp, Coote, PGMOL, Oli Scarff, Klopp, Coote’s, “, ” Coote Organizations: CNN, English Premier League, Liverpool, Aston Villa, Saturday, Former Liverpool, Burnley, Premier League Locations: England, Liverpool

☆ Anthony Scaramucci is worried about a stock-market crash not seen since the late 1920s if Trump follows through on some of his plans
▼ + stars: | 2024-11-12 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

AdvertisementUS stocks have been on a tear since Trump's win. "Let me tell you something: If Trump enacted 50% of what he's saying, you'll have a stock market crash, the likes that you haven't seen since the 1920s," Scaramucci said. You'll crush the economy; you'll crush our tax revenues; you'll flip upside down the job market," Scaramucci said. "They will not be ready for that, and so the stock market will have gotten wrong the current movement." "My guess is that the stock market aficionados, the stock market experts, are probably right," Scaramucci said.

Persons: SkyBridge Capital's Anthony Scaramucci, Trump, there's, Scaramucci, —, Anthony Scaramucci, it's, Bitcoin, Donald Trump's, didn't, David Bahnsen, he's, — Elon Musk, Elon, Tom Orlik, David Kelly, , Susie Wiles Organizations: Service, House, SkyBridge, Business, Nasdaq, Russell, Trump, Bloomberg Economics, JPMorgan Asset Management, Republican

☆ Activist investor ValueAct has $1 billion stake in Meta, sources say
▼ + stars: | 2024-11-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Activist investor ValueAct has a $1 billion stake in Facebook parent Meta , according to people familiar with the matter. ValueAct has a long history of investing in technology companies, and is generally considered to be more constructivist and collaborative than other activist funds. Meta is the parent company of Facebook, Instagram and WhatsApp. It is one of the largest companies to be targeted by an activist investor, with a market cap of nearly $1.5 trillion. Morfit has also pushed for change at other, smaller technology companies, including Spotify.

Persons: Mark Zuckerberg, ValueAct, Mason Morfit, Nelson Peltz's Trian, Meta, Brad Gerstner's, Gerstner, Morfit, — CNBC's David Faber Organizations: Meta, Inc, Orion, Facebook, Disney, Nelson Peltz's Trian Partners, Microsoft, Spotify Locations: Menlo Park , California

☆ What Trump's election victory means for global investors — and why it's different to 2016
▼ + stars: | 2024-11-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

President-elect Donald Trump's return to the White House has sent ripples through global financial markets, with many investors looking to recalibrate their portfolios for a dramatically different policy landscape ahead. Higher Treasury yields mean higher interest rates for corporate borrowers. Trump's tariffs Perhaps the biggest concern for investors globally is Trump's campaign promise of aggressive new tariffs , including the potential for a universal 10% tariff on all imports and a 60% tariff on Chinese goods. However, some Asian nations might benefit if higher tariffs on China prompt manufacturers to relocate. Europe Most analysts agree that U.S. trade tariffs are likely to hurt Europe, with some companies able to navigate the challenges better than others.

Persons: Donald Trump's, Russell, Mislav Matejka, David Seif, Goldman Sachs, Gareth Leather, Macquarie, Aditya Suresh, Mark Diethelm, Diethelm, Emmanuel Cau, — CNBC's Michael Bloom Organizations: White, Republican, Trump, U.S, Nasdaq, Treasury, Nomura, Federal Reserve, Asia Capital Economics, Capital Economics, U.S ., Union, Morningstar, Logitech, Barclays Locations: Congress, Treasurys, Trump's, U.S, United States, Korea, Taiwan, China, Vietnam, Asia, India, Europe

☆ David Einhorn to speak as the priciest market in decades gets even pricier postelection
▼ + stars: | 2024-11-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Hedge fund investor David Einhorn's cautious stance all year made his performance suffer as he navigated what he believes is the priciest stock market of his career at Greenlight Capital. Einhorn's hedge fund returned just 9% in 2024 through the end of the third quarter, net of fees and expenses. The high-profile investor said he's neither calling the market a bubble nor being outright bearish, but sky-high prices caused him to be conservatively positioned. It is, by many measures, the most expensive stock market that we have seen since the founding of Greenlight," Einhorn said in the latest investor letter last month. Investors will be interested to hear if he's still finding any values.

Persons: David Einhorn's, he's, Einhorn, Greenlight, Einhorn postelection, Viatris Organizations: Greenlight, Alpha, Trump Locations: Einhorn's, Greenlight, New York City

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