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Chuck Scarborough, the broadcaster who for 50 years brought New Yorkers news of blizzards, financial collapses, terror attacks and assassinations, said Thursday that he would step down from his anchoring duties at WNBC. “The time has come to pass the torch,” Mr. Scarborough said at the end of the 6 p.m. newscast. “Fifty years, eight months and 17 days after I walked into the door here at the headquarters of the National Broadcasting Company, I will step away from this anchor desk.”Mr. Scarborough, 81, said his last broadcast as anchor will be on Dec. 12. He will not leave WNBC entirely, and will contribute periodically to special projects, NBC 4 New York said in a statement. Beginning with “Good evening, I’m Chuck Scarborough,” Mr. Scarborough became an institution in New York over the decades he delivered the news about everything from storms and financial crises to protests and plane crashes.
Persons: Chuck Scarborough, Mr, Scarborough, ” Mr, I’m Chuck Scarborough, John Lennon Organizations: New, WNBC, National Broadcasting Company, NBC Locations: Scarborough, York, New York
We are buying 50 shares of GE Healthcare at roughly $81.51. Following the trade, Jim Cramer's Charitable Trust will own 975 shares of GEHC, increasing its weighting to 2.2% from about 2.1%. GE Healthcare may be best known for selling medical equipment like MRI and CT machines, but its pharmaceutical diagnostics business is what's most exciting right now. One more thing we liked was GE Healthcare commitment to expand its adjusted EBIT margins. This year, GE Healthcare expects its adjusted EBIT margin to be between 15.8% and 16%.
Persons: Jim Cramer's, Vizamyl, We've, Donald Trump, Jim Cramer, Jim Organizations: GE Healthcare, GEHC, GE, CNBC Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin tests $100,000 heading into the weekend: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Bitwise CEO Hunter Horsley shares his thoughts on the crypto rally and whether he sees a correction coming soon.
Persons: explainers, Hunter Horsley Organizations: CNBC Crypto, CNBC
The Pre-Market Rundown: November 22, 2024
  + stars: | 2024-11-22 | 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 EmailNews Update – Pre-MarketsCNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
Top 10 S&P 500 stock winners since Election Day
  + stars: | 2024-11-22 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +4 min
Michael M. Santiago | Getty Images News | Getty ImagesMany large U.S. companies have seen their stocks swell since the presidential election. The top 10 performing stocks in the S&P 500 index saw returns of 18% or more since Election Day, according to data provided by S&P Global Market Intelligence, which analyzed returns based on closing prices from Nov. 5 to Nov. 20. The 'Elon Musk premium'And then there's the Elon Musk factor. Tesla's stock got an "Elon Musk premium" from Trump's victory, said Goldberg of Professional Advisory Services. Shares of the electric-vehicle maker soared 14% the day after the election and almost 30% by week's end.
Persons: Michael M, Elon Musk, Donald Trump —, Jeremy Goldberg, Goldberg, Jacob Manoukian, Rosy, outperformance, David Glazer, Paul Moseley, Vistra, Stacey Doré, Elon, Trump, Donald Trump, Chris Unger Organizations: New York Stock Exchange, Santiago, Getty, P Global Market Intelligence, Professional Advisory Services, Inc, Trump, Deregulation, Morgan Private Bank, Companies, Warner Bros ., Max, Disney, Walt Disney Co, Palantir Technologies, Fort Worth Data, Fort Worth Star, Tribune, Service, Vistra Corp, Tech, Elon, Professional Advisory Services ., of Government, week's, UFC, Madison, Garden, Ufc Locations: U.S, Texas, , Texas , Pennsylvania, Ohio, New York
Late Morning Rundown: November 22, 2024
  + stars: | 2024-11-22 | 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 EmailNews Update – Late MorningCNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
Reuters —The Nicaraguan parliament, dominated by the ruling Sandinista Front, on Friday approved a constitutional reform that hands more power to President Daniel Ortega as well as the Central American nation’s police and military. The two have been married since 2005 and she was made vice president in 2017. Under the new reform, the co-presidents will have control over the legislature, judiciary and electoral, public administration, and oversight bodies as well as autonomous entities. Government critics have said the reforms legalize the “absolute power” already exercised for years by Ortega and Murillo. “If adopted, these changes will sound the death knell for fundamental freedoms and rule of law in Nicaragua,” he said in a statement.
Persons: Daniel Ortega, , Rosario Murillo, Ortega, , Murillo, Gustavo Porras, Human Rights Volker Turk Organizations: Reuters, Nicaraguan, Sandinista, Central American nation’s, Government, of American, UN, Human Rights Locations: United States, of American States, Nicaragua
CNN —President-elect Donald Trump named billionaire Scott Bessent as his pick to serve as the next secretary of the Department of the Treasury. A key Cabinet player, the US Treasury secretary advises the president on economic and fiscal matters, including spending and taxes. Bessent would be the first out gay Treasury secretary, as well as the first LGBTQ Senate-confirmed Cabinet member in a Republican administration, according to The Associated Press. Compared to Lutnick’s more aggressive campaign for the role, Bessent led a more understated quest for the position. All of the names Trump put out Friday night had been decided by the afternoon, the sources said, but he wanted to name his Treasury secretary first before publicly releasing his other decisions.
Persons: Donald Trump, Scott Bessent, “ Scott, ” Trump, Scott, ” Bessent, Trump, George Soros, Bessent’s, Bessent, Pete Buttigieg, , Howard Lutnick –, Lutnick, Cantor Fitzgerald, fides, MAGA, Elon, Steven Mnuchin, Mnuchin, Kayla Tausche, Matt Egan Organizations: CNN, Department of, Treasury, of Innovation, Capital, U.S, Reserve, Square Capital Management, Soros Fund Management, Democratic, Senate, Republican, Associated Press, Biden, Wall Street, Trump, , Financial Times, CNBC, Soros, United, Republicans, Treasury Department Locations: United States, United States of America, China
Senator Chuck Schumer, the New York Democrat and majority leader for a few more weeks, is not known for keeping his thoughts to himself. “We’re going to wait and see what happens in each of these instances before commenting,” Mr. Schumer told reporters this week, passing up a television camera-ready opportunity he would normally grab to slip a knife into any of the president-elect’s cabinet picks. He is keeping quiet for a reason, and it is not because he does not have opinions on President-elect Donald J. Trump’s administration in the making. Mr. Schumer does not want Republicans to be able to paint him as the face of the opposition, a prospect that could help rally the G.O.P. around Mr. Trump’s choices.
Persons: Chuck Schumer, Trump, “ We’re, ” Mr, Schumer, Donald J, Matt Gaetz, Pete Hegseth, Mr Organizations: New York Democrat, Fox News Locations: Mar
After hitting two-decade highs nearing 8% late last year, mortgage rates have fallen, dipping nearly as low as 6% in September. Mortgage rates are expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Home sales are on track for their worst year since 1995 due to home-price growth and elevated mortgage rates. Mortgage rates are closely tied to the 10-year US Treasury yield. Billionaire investor Paul Tudor Jones last month said a swelling national debt under Trump would be frowned upon by the bond market.
Persons: Freddie Mac, ” Lawrence Yun, , Wells, Fannie Mae, Donald Trump’s, Trump, ” Bernard Baumohl, Paul Tudor Jones, “ We’re, , Nick Dus, “ They’ve, Dus, NAR’s Yun, Yun, ” Yun, Samantha Delouya Organizations: Washington CNN, National Association of Realtors, Federal, Treasury, Economic Outlook, Billionaire, Trump, CNBC, CNN, Fed Locations: Wells Fargo, Evansville , Indiana
The Week Ahead: November 22, 2024
  + stars: | 2024-11-22 | 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 EmailThe Week Ahead: November 22, 2024CNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
AdvertisementTrump is preparing to nominate Scott Bessent, a billionaire investor, for Treasury secretary. President-elect Donald Trump is reportedly preparing to nominate Scott Bessent, a Wall Street veteran and campaign ally, for Treasury secretary, one of the biggest Cabinet prizes. AdvertisementBessent, 62, founded and runs the macro hedge fund Key Square Group and emerged as a key economic advisor to Trump on the campaign trail. Known for his interest in niche economic data, Bessent helped draft speeches and write policy proposals for Trump's economic ideas. Dubbed a "Trump whisperer" by Forbes, Bessent has signaled support for some of Trump's key proposals.
Persons: Scott Bessent, Bessent, George Soros, Donald Trump, Trump's, Trump, Al Gore, Soros, James Rogers, hasn't, John Freeman, he's, — Trump, Jerome Powell's Organizations: Trump, Wall Street, Group, GOP, Democratic, Street Journal, Yale, Soros Fund Management, Republican, Soros, Mar, Forbes, CNBC, Federal Locations: South Carolina, New York City, Charleston , South Carolina, Southampton , New York
Laos has tried to rebrand Vang Vieng as less of a party destination. Vang Vieng and its mountainous surroundings are a base for outdoor activities, including kayaking, jungle trekking, parasailing, tubing and rock climbing. Foreign tourists kayaking and tubing on the Song River in Vang Vieng, Laos, on November 19. “(We are) aware of a number of cases of suspected methanol poisoning in Vang Vieng, possibly through the consumption of methanol-laced alcoholic drinks,” the US Embassy in Vientiane said in a health alert Friday. The warning came after the US State Department confirmed to CNN that an American citizen had died in Vang Vieng.
Persons: Vang Vieng, Vang, Anupam Nath, CNN’s Helen Regan, Isaac Yee, Eve Brennan Organizations: CNN, UNESCO, Vang, US State Department Locations: Southeast Asia, Vang, Laos, United States, United Kingdom, Vientiane, Luang Prabang, South Korea, China, Vang Vieng, New Zealand, Australia, Canada, American, Vietnam, Thailand, France, Russia, Japan
The Week That Was: November 22, 2024
  + stars: | 2024-11-22 | 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 EmailThe Week That Was: November 22, 2024CNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
Retailers jack up APRs on store cards ahead of the holidays
  + stars: | 2024-11-22 | 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 EmailRetailers jack up APRs on store cards ahead of the holidaysGabrielle Fonrouge, CNBC Business News retail reporter joins 'Fast Money' to talk store card APRs spiking ahead of the holidays.
Persons: Gabrielle Fonrouge Organizations: CNBC Business News
While Anthropic and OpenAI continue to raise significant sums, some smaller companies have essentially been folded into Google and Microsoft. U.S. regulators are also scrutinizing the multibillion-dollar investments that Microsoft, Amazon and Google are putting into A.I. But the deals are seen as allowing the big companies to form deep ties with their smaller rivals while avoiding most government scrutiny. Like OpenAI, Anthropic is a developer of so-called generative A.I., the technology capable of learning from vast amounts of data to create humanlike text and images. Anthropic has tried to position itself as one of the more responsible actors in the field of A.I.
Persons: OpenAI, Anthropic’s Claude, Anthropic Organizations: Google, Microsoft, The New York Times, The Times Locations: U.S
Watch Friday's full episode of Fast Money — November 22, 2024
  + stars: | 2024-11-22 | 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 EmailWatch Friday's full episode of Fast Money — November 22, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.
Persons: Melissa Lee
Trump hush money sentencing delayed indefinitely
  + stars: | 2024-11-22 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +1 min
Former US President Donald Trump attends the second day of his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City on April 16, 2024. A New York judge Friday indefinitely postponed President-elect Donald Trump's sentencing in his criminal hush money case. Trump's attorneys — including Todd Blanche, whom Trump recently tapped to be the No. 2 official at the Department of Justice — argued Tuesday that the hush money case must be thrown out "immediately." "Just as a sitting President is completely immune from any criminal process, so too is President Trump as President-elect," Blanche and lawyer Emil Bove wrote in a letter to Merchan.
Persons: Donald Trump, Donald Trump's, Judge Juan Merchan, Trump, Todd Blanche, Department of Justice —, Blanche, Emil Bove Organizations: Manhattan Criminal, Prosecutors, Manhattan, Attorney's, Department of Justice Locations: New York City, York
CNN —President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. In many respects, the Treasury secretary is the quarterback of the economy. Wall Street was unfazed by the selection. One of the Treasury secretary’s jobs is to help keep Wall Street calm and confident during times of economic or market turmoil. The Treasury secretary works closely with both the central bank and the White House.
Persons: Donald Trump’s, he’s, Scott Bessent, “ Scott Bessent, , Glock, , Trump, Matt Gaetz, Robert F, Kennedy, Jr, MAGA, ” Glock, Bessent, Elon Musk, Cantor Fitzgerald, Howard Lutnick, Musk, Lutnick, , Isaac Boltansky, “ Scott, I’ve, Kyle Bass, Xi Jinping, Jerome Powell Organizations: CNN, Manhattan Institute, Trump loyalists, Treasury, Soros Fund Management, Fox News, Trump, Commerce, Street, Hayman Capital Management, Dow Jones, White Locations: Bessent, China, Argentina
Bluesky Is Turning Into a Strong X Alternative
  + stars: | 2024-11-22 | by ( Kevin Roose | ) www.nytimes.com   time to read: 1 min
After an hour or so of scrolling through Bluesky the other night, I felt something I haven’t felt on social media in a long time: free. Free from Elon Musk, and his tedious quest to turn X into a right-wing echo chamber where he and his friends are the permanent, inescapable main characters. Free from Threads and its suffocating algorithm, which suppresses news and real-time discussions in favor of bland engagement bait. Free from my own bad habit, honed through years of obsessive Twitter use, of packaging my thoughts for consumption by an audience of opinionated strangers.
Persons: Elon Musk Organizations: Elon
Los Angeles Dodgers designated hitter Shohei Ohtani and New York Yankees center fielder Aaron Judge were named MVP of the National League and American League, respectively, MLB announced Thursday. Ohtani helped lead the Dodgers to the best record in MLB in the regular season, then played a key role in their World Series run. Judge — whose Yankees lost to the Dodgers in five games in the World Series — previously won MVP in 2022. The Yankees, led by Judge, finished first in the AL with 94 wins. Their World Series appearance in 2024 was the franchise’s first since 2009.
Persons: Shohei Ohtani, Aaron Judge, Ohtani, Tommy John, Judge —, Organizations: Los Angeles Dodgers, New York Yankees, National League, American League, MLB, AL, Dodgers, NL, OPS, Los Angeles Angels, Yankees, New York, Judge Locations: Angeles, Japan, United States, . New
President-elect Donald Trump announced Thursday evening that his new pick for attorney general is Pam Bondi. Bondi previously served as Florida’s attorney general. "For too long, the partisan Department of Justice has been weaponized against me and other Republicans — Not anymore," Trump said in a post to Truth Social. The attorney general position would require confirmation by the Senate. Trump praised Gaetz on Truth Social after he withdrew, saying that Gaetz "has a wonderful future."
Persons: Donald Trump, Pam Bondi, Matt Gaetz, , Trump, Pam, ” Bondi, Bondi, Hillary Clinton, , Gaetz, Vance Organizations: of Justice, DOJ, Trump, Senate, Republican National Convention, Pennsylvania ” Locations: Bondi, , Philadelphia
Sen. Bob Casey, D-Pa., on Thursday conceded the race for Pennsylvania's Senate seat to his Republican opponent, Dave McCormick. NBC News has not yet projected a winner. The slim margins of the race triggered an automatic recount, with results expected to be released next Wednesday. "I just called Dave McCormick to congratulate him on his election to represent Pennsylvania in the United States Senate," Casey said in a video posted to X. McCormick thanked Casey in a statement, saying that Casey has “dedicated his career to bettering our commonwealth.”“I am so honored to represent every single citizen in Pennsylvania in the United States Senate and will fight for you every day,” he added.
Persons: Sen, Bob Casey, Dave McCormick, Casey, McCormick Organizations: Senate, Republican, NBC News, United States Senate Locations: Pennsylvania
But it’s not even Thanksgiving, and Donald Trump is already looking for a backup top law enforcement officer after Matt Gaetz withdrew his AG bid Thursday. The last time around, Trump lost just one of his initial Cabinet picks, when Andrew Puzder withdrew as the labor secretary nominee in February 2017. ➡️ More on the Trump transitionAside from Gaetz, two of Trump’s other Cabinet picks, Hegseth and Kennedy, have also faced serious allegations of sexual impropriety, which they have both denied. 🗞️ Today’s other top stories 👀 Buckeye State battle brewing: The jockeying for JD Vance’s Ohio Senate seat has begun, and the potential candidates’ statements about Trump’s Cabinet picks are being closely watched. Read more →The jockeying for JD Vance’s Ohio Senate seat has begun, and the potential candidates’ statements about Trump’s Cabinet picks are being closely watched.
Persons: Matt Gaetz, Jonathan Allen, Henry J, Gomez, Olympia Sonnier, Jake Traylor, Julie Tsirkin Matt Gaetz’s, Donald Trump, , Gaetz, MAGA, Trump, Sens, Mitch McConnell of, Lisa Murkowski, Susan Collins of, Markwayne Mullin, John Curtis of Utah, Read, Jonathan Allen It’s, George H.W, Texas Sen, John Tower, it’s, — Trump, Bill Clinton’s, Zoë Baird, Kimba Wood, Pete Hegseth, Tulsi Gabbard, Robert F, Kennedy Jr, Barack Obama’s, Tom Daschle, Bill Richardson, Judd Gregg, Andrew Puzder, ➡️, Hegseth, Kennedy, Mehmet Oz, El Organizations: NBC, White House, Capitol, Republican, The Justice Department, Republicans, Gaetz, Pentagon, Former Fox News, Human Services, Commerce, ., Medicare, Services Locations: Florida, Washington, Trump, Mitch McConnell of Kentucky, Alaska, Susan Collins of Maine, Oklahoma, Texas, Obamacare
A missing Kansas woman who disappeared this year and was found in a freezer buried in a cow pasture in the Oklahoma panhandle was killed in a stabbing attack that left her with dozens of wounds, according to a medical examiner’s report. Veronica Butler, 27, died from sharp force trauma and had 30 wounds, 10 of which were consistent with her trying to defend herself, the Office of the Chief Medical Examiner in Oklahoma said in its report. Texas County Sheriff's DepartmentButler and Jilian Kelley, 39, a court supervisor in a children’s custody case, disappeared March 30. The defendants are Tifany Adams; Adams’ boyfriend, Tad Bert Cullum; Cole Earl Twombly; Cora Twombly and Paul Grice. On the day she disappeared, a day she had visitation, Butler planned to take her daughter to a birthday party.
Persons: Veronica Butler, Jilian D, Kelley, Veronica C, Butler, Butler . Texas County Sheriff's Department Butler, Jilian Kelley, Tifany Adams, Adams, Tad Bert Cullum, Cole Earl Twombly, Cora Twombly, Paul Grice ., Tim Laughlin, Cullum Organizations: Butler . Texas County Sheriff's Department, Oklahoma State Bureau of, State Bureau of Investigation Locations: Kansas, Oklahoma, Butler . Texas, Texas County , Oklahoma
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