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☆ Oracle stock is set for its best year since the dot-com boom after a 75% surge
▼ + stars: | 2024-12-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

AdvertisementOracle shares are set for their best year since 1999 after a 75% surge. Oracle has surged 75% since January, putting the stock on track for its best year since a tripling in 1999 during the dot-com boom. Oracle's soaring stock price has boosted the net worth of Larry Ellison, who cofounded the company and is chief technology officer. The chipmaker's stock has tripled in the past year and it now rivals Apple as the world's most valuable company. Yet Oracle is still headed for its best annual stock performance in a quarter of a century — and its bosses are promising there's more to come.

Persons: Larry, Trump, aren't, Larry Ellison, Elon Musk's, Safra Catz, Catz, Ellison Organizations: Oracle, Exxon Mobil, Mastercard, Costco, Netflix, Forbes, Microsoft, Google, Nvidia, Apple

☆ Charts point to counter-trend buying oportunity in this auto stock, says Katie Stockton
▼ + stars: | 2024-12-02 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: Mercedes, Katie Stockton Organizations: BMW, Volkswagen, STLAM, Ferrari NV, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: Europe, Stellantis, €

☆ Syrian Opposition Demands Assad Commit to Transition of Power
▼ + stars: | 2024-12-02 | by ( Aryn Baker | ) www.nytimes.com time to read: +1 min

Russian and Syrian fighter jets struck targets across territory seized by rebels in northwestern Syria on Monday, according to Syrian state media and the Syrian Observatory for Human Rights. The forceful response made clear that Russia, one of Syrian President Bashar al-Assad’s staunchest allies, intended to keep supporting him in the face of a sudden rebel advance. It is not yet clear whether they will be able to help hold off the rebels. On the other side, the rebels’ startling gains appeared to embolden the opposition in exile, with one of its leaders demanding on Monday that Mr. al-Assad commit to a political transition. The opposition leader, Hadi al-Bahra, spoke from Turkey as rebels continued their advance through Aleppo, once Syria’s largest city, and the surrounding areas.

Persons: Bashar al, Assad’s, Al, Assad, al, Hadi al Organizations: Syrian, Human Rights, Mr Locations: Syrian, Syria, Russia, Iran, Turkey, Aleppo

Which is why it's a great time to take advantage of the best Cyber Monday deals on women's winter coats. If you're in the market for a stylish and cozy winter coat, you'll want to act fast. We're rounding up the best deals from across the internet in our guide to the best Cyber Monday deals, so be sure to keep an eye there for the latest deals. View at Saks Fifth AvenueCyber Monday winter coat FAQsIs Cyber Monday a good time to buy winter coats? Check out our roundup of all of the best Cyber Monday deals .

Persons: Frank, Wheeler Parka, Read, Halfdays Wheeler Parka, Wheeler, Oak, Barbour, Woolrich GORE, TEX Marshall Parka, GORE, pare Organizations: Business, parka, Columbia, Columbia Outdoor Research, Parka, Saks Fifth Locations: Frank, Columbia, Patagonia, Cashmere

☆ Here are the last days to ship a holiday package with FedEx, UPS and USPS to ensure gifts arrive on time
▼ + stars: | 2024-12-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

A driver for an independent contractor to FedEx delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty ImagesConsumers are increasingly concerned that their online orders may not arrive in time for the holiday — and rightfully so. More than half of shoppers — 54% — are worried about shipping delays this season, according to a survey of nearly 1,000 adults by BadCredit.org. watch nowIn a period of such high volume, third-party shippers are particularly strained, according to Lauren Beitelspacher, a professor of marketing at Babson College. An ongoing labor shortage also means that some companies simply cannot hire enough workers to sort, transport and deliver packages on time.

Persons: Stephanie Keith, Patrick Kelleher, Lauren Beitelspacher, Beitelspacher, we've Organizations: FedEx, Bloomberg, Getty, Consumers, BadCredit.org, Monday, DHL Supply, North, CNBC, Babson College, Finance Locations: New York, North America

The best Cyber Monday Big Fig dealsBig Fig Mattress (Queen) $1,399.00 $1,899.00 Save 26% The Big Fig Mattress is constructed for heavier individuals with firm support and a high weight capacity. View at Big Fig What we like Check mark icon A check mark. Firmer than averageCheck mark icon A check mark. 1,100-pound weight capacityCheck mark icon A check mark. View at Big FigCyber Monday Big Fig FAQsHow long is Big Fig's Cyber Monday sale?

Organizations: Business, Big Locations: Big

☆ Sarah Boone to be sentenced after being found guilty of murder after zipping Jorge Torres in suitcase
▼ + stars: | 2024-12-02 | by ( Zoe Sottile | Michelle Watson | ) edition.cnn.com time to read: +2 min

CNN —A Florida woman is set to be sentenced Monday after she was found guilty of second-degree murder for zipping her boyfriend in a suitcase, leaving him inside for hours until he died. Sarah Boone, 47, was found guilty of second-degree murder in October. Boone says that Torres voluntarily climbed into the suitcase and she zipped it closed, says the news release. When Boone woke up, she found Torres unresponsive in the suitcase and called 911, according to Bain. The video shows Torres pushing on the suitcase and trying to get out, the affidavit said.

Persons: Sarah Boone, Jorge Torres, Jr, Andrew Bain, Boone, Torres, ” Torres, Torres “, “ Boone, ”, “, Torres ’ Organizations: CNN, State, Sheriff’s, Bain, “, WESH Locations: Florida, Orange

☆ I love airport lounges and flight upgrades, but I worry I'll regret spoiling my tween with them
▼ + stars: | 2024-12-02 | by ( Amanda Adler | ) www.businessinsider.com time to read: +5 min

My tween son, however, groaned. AdvertisementMy son and I both appreciate the amenities that come with flight upgrades. For me, choosing to pay more for flight upgrades my tween will enjoy is no different from when I splurged on pricey trips to Disney parks when he was little. If travel upgrades leave my family feeling well-rested and ready for adventure when we land, then investing in them is just as valuable as the excursions we book at our destination. So, even if traveling in style is spoiling my tween, I'll continue to upgrade us whenever it's within our budget.

Persons: you'd, He'd, we'd, I've, I'm, Amanda Adler, it's Organizations: Spirit Airlines, United, Saks Fifth Locations: scrimping, Florida, Japan, Disney

View at MejuriMejuri Serpentine Chain Necklace $411.00 $548.00 Save 25% This simple 14K gold chain is bound to be a stunner. View at MejuriMejuri Curb Chain Bracelet $186.00 $248.00 Save 25% Our 14k solid gold pieces are made to last forever. View at MejuriMejuri Large Diamond Studs $1,275.00 $1,700.00 Save 25% These glittering diamond studs clock in around .5 carats. M+ Members also earn early access to Mejuri sale events. When does the Mejuri Cyber Monday sale end?

Persons: Selena Gomez, Pick Mejuri Puffy Charlotte Huggies, Gabrielle Chase, you've Organizations: Business, exampl, Mejuri

Learn moreCyber Monday is here, and with it, your last chance to shop the best furniture sales of the year. Be sure to follow along on our best Cyber Monday deals hub for the best of the sale. The front legs lift into a footrest, and further raise into a sofa bed for guests — all with a concealed power button. Once you have the best mattress, I think that begins with the best bed frame. Check out our roundup of all of the best Cyber Monday deals .

Persons: I've, I'm, Radley, Drew, Brock, Gubi, Macy's Radley, Ambrose Mappa Burl, burl, Lulu, you'll, it's, Burrow Copilot, Ruggable, Loren, LQ, Stove, Mila Organizations: Business, Ballard Designs, Walmart, FSC, Brands, Branch, Google, Honeywell, Amazon, & $ Locations: Georgia, Burrow, India, Zealand, USA

☆ Schumer Presses for F.B.I. Checks and Senate Consideration of Trump Nominees
▼ + stars: | 2024-12-02 | by ( Carl Hulse | ) www.nytimes.com time to read: +1 min

to adhere to traditional Senate vetting standards that Mr. Trump has threatened to skip. The latest was announced on Saturday, when Mr. Trump disclosed that he intended to name Kash Patel, a loyalist and right-wing provocateur, as director of the F.B.I. “In particular,” Mr. Schumer wrote to Mr. Thune, “we commit to working in a bipartisan fashion to process each nominee by reviewing standard F.B.I. background-investigation materials, scheduling hearings and markups in the committees of jurisdiction, and considering nominees on the Senate floor.”The letter comes as Mr. Trump has threatened to skirt the Senate and install some of his nominees during recesses, and some Senate Republicans have suggested that he should do so to get around resistance from Democrats. background checks for his nominees in favor of vetting by private security firms, a notion that some Senate Republicans have also embraced in recent days.

Persons: Donald J, Trump, John Thune, Chuck Schumer, “, Kash Patel, ” Mr, Schumer, Thune Organizations: South Dakota Republican, Republicans Locations: New York, “

☆ Citi and Barclays FX strategists discuss potential devaluation of the Yuan and U.S. dollar strength
▼ + stars: | 2024-12-02 | 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 EmailCiti and Barclays FX strategists discuss potential devaluation of the Yuan and U.S. dollar strengthJaideep Tiwari of Citi Wealth and Mitul Kotecha of Barclays discuss the potential devaluation of the Yuan to offset tariffs against China, as well as the possibility of President-elect Trump "talking-down the dollar" due to the inflationary impacts of tariffs.

Persons: Yuan, Tiwari, Trump Organizations: Citi, Barclays FX, Citi Wealth, Barclays, China

☆ Why Amazon sellers and retailers are flocking to TikTok Shop despite looming U.S. ban
▼ + stars: | 2024-12-02 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

Beachwaver is part of a growing influx of retailers that are flocking to TikTok Shop, the video app's shopping service. "When TikTok Shop was new and people hadn't used it yet, they would ask, 'Is this on Amazon yet?'" Le Bourgeois declined to comment on the looming TikTok ban, but a company spokesperson at the event said TikTok Shop isn't slowing down. Yay's Snacks, which makes crispy Cambodian beef jerky, was one of the earliest companies to join TikTok Shop when it launched. TikTok Shop was a big topic of conversation at a conference for Amazon sellers in New York in October.

Persons: Sarah Potempa, Potempa livestreams, Potempa, TikTok, EcommerceDB, Caila Schwartz, Mira Dix, Dix, Joe Biden, Jan, Donald Trump, Trump, CNBC's, Jeff Yass, Nico Le Bourgeois, Le Bourgeois, It's, Alibaba's, Rachel Cheng, she's, Marlin Chan, Yay's, Cheng, Craig Sjodin, Aaron Krause, Krause, influencers, Vanessa Amaro, Amaro, Dan Hughes, Rafay, Michelle Barnum Smith, Barnum Smith, I've Organizations: Base, Visual China, Getty, TikTok, Nike, Amazon, CNBC, U.S, Black, Disney ABC Television, Daddy, QVC Locations: Wuhan, China, Waukegan , Illinois, Amazon, U.S, ByteDance, Manhattan, New York

☆ Airbnb CEO says the best bosses pick favorite employees: If you can't spot them, 'that's not good leadership'
▼ + stars: | 2024-12-02 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Airbnb co-founder and CEO Brian Chesky isn't afraid to pick favorites. Bosses need to do that to be effective leaders, Chesky told Fortune last month. Figuring out how delegate between your favorites without ignoring other workers often makes for effective leadership, Chesky said. I will text a lot of employees ... or call employees if we want to talk." Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Airbnb, Brian Chesky isn't, Chesky, Fortune, Ginka, I'm Organizations: International Institute for Management Development, Harvard, McKinsey, CNBC

☆ Intel CEO Pat Gelsinger resigns after a disastrous tenure
▼ + stars: | 2024-12-02 | by ( Clare Duffy | David Goldman | ) edition.cnn.com time to read: +1 min

CNN —Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals. Gelsinger took over as Intel’s chief executive in February 2021, returning to the company at which he had spent decades of work, including as chief technology officer. He had left Intel for a stint as CEO of software giant VMWare. At Intel, Gelsinger was tasked with turning around the iconic American tech giant that was struggling against unprecedented competition, production delays and the departure of top talent.

Persons: Pat Gelsinger, Gelsinger Organizations: CNN, Intel, VMWare

☆ Elton John says he has lost his eyesight
▼ + stars: | 2024-12-02 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Elton John says he still cannot see, months after suffering a severe eye infection. Speaking on stage at a gala performance of “The Devil Wears Prada” musical in London on Sunday, John thanked his husband, David Furnish, saying he “has been my rock.”“I haven’t been able to come to many of the previews because, as you know, I have lost my eyesight. But I love to hear it and, boy, it sounded good tonight,” said John. In an interview with Good Morning America last week, John said the issue has been affecting his ability to work. “I unfortunately lost my eyesight in my right eye in July because I had an infection in the south of France and it’s been four months now since I haven’t been able to see, and my left eye is not the greatest,” he said.

Persons: Elton John, John, David, “, haven’t, ”, it’s, ” John, Wears, Lauren Weisberger Organizations: CNN, Good Morning America Locations: London, France

☆ Is health and wellness the next big business opportunity for Asia Pacific?
▼ + stars: | 2024-12-02 | by ( Sponsored Herbalife | ) www.businessinsider.com time to read: +6 min

By Thomas Harms, senior vice president and managing director, Asia Pacific, HerbalifeIn Asia Pacific, the entrepreneurial spirit is thriving as many individuals, from Generation Zs to the Boomers, aspire to own their own businesses. More than three in five (63%) aspiring entrepreneurs in Asia Pacific also plan to start a small business in the next 18 months. While the shifting consumer spending trends reveal a clear potential for growth, will the health and wellness sector present a new wave of business opportunities for Asia Pacific? Growing focus on health and wellness in Asia PacificEarlier this year, Herbalife surveyed 8,000 respondents across 11 markets for the Asia Pacific Business of Wellness Survey. Health and wellness a bright spot for aspiring entrepreneursThe health and wellness industry presents a significant growth opportunity for aspiring entrepreneurs, making the future of entrepreneurship in the region look promising.

Persons: Thomas Harms, Zs, Herbalife Organizations: Boomers, Asia, Healthcare, Bain & Company, Asia Pacific, of Wellness Survey, Bain, Company's, Health, Insider Studios Locations: Asia Pacific, Herbalife, Asia

☆ Caixin PMI: China’s factory activity expands again in November, beats forecasts
▼ + stars: | 2024-12-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

China's manufacturing activity continued to expand among smaller manufacturers in November, signaling that the country's recent stimulus efforts have already helped to lift certain sectors of its ailing economy, according to a private survey released Monday. The Caixin/S&P Global manufacturing purchasing manager's index came in at 51.5, beating the median estimate of 50.5 in a Reuters poll. The Caixin survey tends to feature more small- and medium-sized firms as well as private sector companies, compared to the official PMI survey which typically polls large and state-owned firms. China's economy has shown some early signs of recovery following a slate of stimulus measures introduced from late September. However, Donald Trump's 2024 presidential win has raised concerns over increased tariffs on Chinese goods, which could dent its export sector.

Persons: Donald Trump's Organizations: P Global, PMI, Reuters, People's Bank of China Locations: China

☆ Putin put a hit on a double agent because he knew the source of the Russian leader's riches: UK intel
▼ + stars: | 2024-12-02 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

AdvertisementPutin ordered the assassination of Sergei Skripal in the UK in 2018, a UK intelligence chief said. Skripal reportedly knew about the Russian president's secret wealth. Vladimir Putin likely ordered the assassination of former spy Sergei Skripal because he knew about sources of the Russian president's illicit wealth, according to UK officials. Allen also told the inquiry that he took at "face value" Skripal's claim that he was likely targeted because he knew about the Russian president's sources of wealth, according to the Guardian. Skripal turned double agent in 1995 when he was recruited by the UK's Secret Intelligence Service, MI6.

Persons: Putin, Sergei Skripal, Skripal, Vladimir Putin, Yulia, Dawn Sturgess, Charlie Rowley, Sturgess, Rowley, Jonathan Allen, Allen Organizations: Moscow, Police, Foreign, Development, Politico, Guardian, Kremlin, Business, Intelligence Service, MI6, Russian Locations: Salisbury, UK, Russia, Amesbury, Dawn, London, Commonwealth, Moscow, Britain

☆ Computer-run hedge funds like Qube and Squarepoint are diversifying by building out teams of human traders as assets swell
▼ + stars: | 2024-12-02 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Firms like Qube and Squarepoint are backing legions of human stockpickers. As mega hedge funds like Millennium, Citadel, and Point72 battle for the best stock-picking talent, another segment of the multi-trillion-dollar industry has joined the fray. Quant funds are increasingly turning to their longtime competition — human stock-pickers — to diversify their returns. Firms like Qube Research, Squarepoint Capital, and Engineers Gate are backing human traders through portfolios run by third parties, also known as separately managed accounts, or hiring them to trade internally. The firm's website lists eight different discretionary strategies compared to three systematic offerings and two hybrid strategies that blend the two.

Persons: Squarepoint's Nicolas Janson, Nicolas Janson, Janson, Mike Daylamani, Steve Cohen, Zach Rieger, Daniel Schuster, Ernesto Cruz, Shaw Organizations: Citadel, Qube, Squarepoint, Engineers, Business, Sigma, Global Management Locations: Asia, Schonfeld, Point72

☆ Opinion | How Do You Like That Filibuster Now?
▼ + stars: | 2024-12-02 | by ( Michelle Cottle | ) www.nytimes.com time to read: +1 min

As Republicans prepare to take control of both chambers of Congress and the presidency, Senator Joe Manchin, the conservative West Virginia Democrat turned independent, has a question for his former Democratic teammates: “How do you like that filibuster now?”Mr. Manchin is feeling sassy these days. His ex-party just got its clock cleaned and is facing two years, minimum, in the political wilderness. And, no surprise, as Mr. Manchin prepares to retire in January, he has plenty of thoughts on preserving the Senate’s role as an independent power center — a mission that feels especially vital with Donald Trump’s return to Washington. Love him or loath him, Mr. Manchin is worth a listen as a man who understands how to use power whether you’re in the minority or the majority in the Senate. And at age 77, with more than four decades in politics, he takes the long view — a healthy mind-set for discouraged Democrats.

Persons: Joe Manchin, Manchin, Donald Trump’s, Love, “ They’ve, ” Organizations: West Virginia Democrat, Democratic, ex Locations: Washington

☆ Five Questions to Ask Your Doctor When Weighing a Hysterectomy
▼ + stars: | 2024-12-02 | by ( Rachel E. Gross | ) www.nytimes.com time to read: +1 min

A rising reason is a patient’s desire to align anatomy with lived gender. But hysterectomies are typically not emergency surgeries — meaning patients have time to ask questions and weigh all their options. To make sure you know exactly what you’re agreeing to, here are five questions to ask your doctor. Can you go over the reproductive organs and explain which ones you will be removing? For instance, “total laparoscopic hysterectomy with bilateral salpingectomy” becomes “removal of the uterus, cervix, and fallopian tubes, leaving the ovaries behind.”

Persons: Karen Tang, ”

☆ Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles
▼ + stars: | 2024-12-02 | by ( Danielle Kaye | Steve Lohr | ) www.nytimes.com time to read: +1 min

Intel’s chief executive officer, Pat Gelsinger, stepped down after nearly four years leading the semiconductor company, Intel announced Monday, a surprise leadership change as the chipmaker has struggled in recent months. Mr. Gelsinger, who took the helm in 2021, also resigned from the company’s board of directors. He will be replaced in the interim by two Intel executives, David Zinsner and Michelle Johnston Holthaus. Intel recently cut 15,000 jobs, and its revenue declined more than 30 percent from 2021 through 2023. Shares of Intel rose about 5 percent in premarket trading, before paring back some of those gains, after the company announced Mr. Gelsinger’s retirement.

Persons: Pat Gelsinger, Gelsinger, David Zinsner, Michelle Johnston Holthaus, Gelsinger’s Organizations: Intel, Nvidia

☆ Australian Venue Co pub group backtracks on plans to ban Australia Day celebrations after outcry
▼ + stars: | 2024-12-02 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

An increasing number of non-Indigenous Australians now find it difficult to celebrate Australia Day, in the knowledge that many of their Indigenous fellow citizens treat it as a day of mourning. “It’s not for us to tell anyone whether or how to celebrate Australia Day,” it said in a statement posted on social media. “It certainly wasn’t our intention to offend anyone.”“Whether you choose to celebrate Australia Day or not, everyone is welcome in our pubs, always. We have been, and are always, open over Australia Day and we continue to book events for patrons,” added Australian Venue, which says it has 15 million customers a year and employs 9,600 people. Multiple local councils have also dropped celebrations on the day as attitudes have changed about the anniversary.

Persons: Arthur Phillip, Jack, ”, “ It’s, Aldi Organizations: CNN, British Royal Navy, Crown, Australia, Co, Woolworths, Australian, Kmart Locations: Australian, Sydney

☆ Critics said Musk 'overpaid' for Twitter. Thanks to Trump and xAI, it could actually be a steal.
▼ + stars: | 2024-12-02 | by ( Hasan Chowdhury | Robert Scammell | ) www.businessinsider.com time to read: +8 min

Twitter, now X, has also been a valuable data source for Musk's $50 billion startup xAI. When Elon Musk bought Twitter for $44 billion, it was panned as one of the worst tech acquisitions in history. AdvertisementIn late 2023, Musk blocked other organizations from scraping X data for free — but gave xAI continued access. AdvertisementxAI gets a boost from X data. Should X be unsuccessful, it would raise questions about the value of the X to xAI data pipeline.

Persons: Trump, Elon Musk, Dan Ives, it's, Musk, Sam Altman, xAI, Ellen Keenan O'Malley, EIP, O'Malley, X, Shmuel Chafets, Warren Buffett, Musk's, Donald Trump, Anna Moneymaker, Vivek Ramaswamy, Volodymyr Zelensky, Sundar Pichai, isn't, Howard Lutnick, Scott Bessent, MAGA, Calum Chace Organizations: Elon, Twitter, Wedbush Securities, Street, Qatar Investment Authority, Sequoia Capital, Wired, MMC Ventures, Trump, Queensland University of Technology, Republican, Target, Berkshire Hathaway, Fidelity, Getty, of, SpaceX, Reuters, UFC, Wall Street, Trump's, X Corp, Bright Locations: Pennsylvania, Lago, Palm Beach, California

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