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☆ Lavish gold-domed penthouse in New York City on sale for $25 million
▼ + stars: | 2024-11-14 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +3 min

CNN —Visitors to New York City’s famed Flatiron Building may have noticed the landmark’s lesser-known neighbor — a narrow high-rise that would be modest if not for its extravagant gold dome. Now, the 5,777-square-foot penthouse that occupies the shimmering dome (and the two-story octagonal cupola it crowns) is on sale for $25 million. The five-bedroom, five-bathroom property sits atop 170 Fifth Avenue, which was built in 1898 and predates the Flatiron Building by four years. The building has been standing four years longer than its famous neighbor, the Flatiron Building. Alexander Alland, Jr. /Corbis Historical/Getty ImagesHaving once contained various businesses, including a publishing house, 170 Fifth Avenue was converted into a condominium at the turn of the millennium.

Persons: Eitan Gamliely, ”, Lawrence Treglia, it’s, Treglia, Robert Maynicke, Maynicke, Jay Maisel, Alexander Alland, Gregory C, Carr, ” Treglia Organizations: CNN, Visitors, New York Times, Tiffany Locations: New York, York, preschools, Mozambique

☆ High rates of preterm birth and infant deaths get the US another D+ grade: ‘It’s a travesty’
▼ + stars: | 2024-11-14 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +14 min

Then, less than six hours after giving birth, O’Neil was wheeled through the labor and delivery unit to go home. Racial disparities persist, she added; for Black people, the preterm birth rate is 1.5 times higher than the rate among all other babies. Many of the regions with high preterm birth rates are maternity care deserts, Williams said. The US cities with high preterm birth rates also are “areas where there are many chronic conditions and patients living with a greater number of things like hypertension, diabetes, obesity – those are all drivers of preterm birth as well,” Williams said. “Every pregnant woman who lives in a maternal health care desert should be provided with access to a health care app that is monitored by remote providers.

Persons: CNN —, –, Ashley O’Neil, O’Neil, Jorge, “, ‘, Vinson, ” O’Neil, ”, Amanda Williams, Williams, ” Williams, Gilbert, ‘ We’re, Lori Tremmel Freeman, prematurity, We’re, ” Freeman, Amanda Shafton, ” Shafton, Telehealth, ’ O’Neil, Kolin, Ashley ONeil, I’ll, ’ ” Kolin, don’t, O’Neil’s, Dr, Sanjay Gupta Organizations: CNN, US Centers for Disease Control, Dimes, United, Detroit, Cleveland, Affordable, Medicaid, National Association of County, City Health, Hospitalist, “, OB, CNN Health Locations: Maryland, ”, United States, Mobile , Alabama, Ramapo , New York, Irvine , California, Gilbert , Arizona, NICU, Kolin

☆ Bitfinex hacker sentenced to five years in prison for bitcoin money laundering scheme
▼ + stars: | 2024-11-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced Thursday to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto. The value of that bitcoin at the time of the Bitfinex cyberattack was just $70 million when it was stolen by Ilya Lichtenstein. Lichtenstein, 35, and his wife, Heather Rhiannon Morgan, pleaded guilty to money laundering conspiracy in federal court in Washington, D.C., in August 2023, about 18 months after their arrest. It was at that plea hearing that Lichtenstein first publicly admitted that he had been the hacker of Bitfinex. With credit for good behavior, which is standard in the federal penal system, Lichtenstein could be released from prison in less than two years.

Persons: cyberattack, Ilya Lichtenstein, Lichtenstein, Heather Rhiannon Morgan, Morgan Organizations: Washington , D.C Locations: Washington ,, Washington

☆ David Tepper's Appaloosa loaded up on Temu parent PDD Holdings during third quarter
▼ + stars: | 2024-11-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Hedge fund billionaire David Tepper's bet on China involved increasing his exposure to the leading e-commerce companies in the world's second-largest economy, according to the latest securities filing. Tepper's Appaloosa Management more than doubled its position in Temu parent PDD Holdings in the third quarter, according to the hedge fund's quarterly filing. Between Alibaba , PDD and JD.com , Appaloosa held roughly $2 billion of Chinese e-commerce stocks at the end of September. The quarterly hedge fund filing released Thursday showed only positions in U.S.-traded equities, including American depositary receipts, and some derivatives. PDD 6M mountain Chinese stocks like PDD Holdings have been volatile in recent months.

Persons: David Tepper's, Tepper, Stocks, Donald Trump's Organizations: Management, PDD Holdings, CNBC, U.S . Securities, Exchange Commission, Wynn Resorts, iShares FTSE, iShares FTSE China ETF, Vistra Corp, NRG Energy, Amazon, Microsoft, UPS, Boeing, U.S . PDD Holdings, National Football League's Carolina Panthers Locations: China, PDD, Alibaba, iShares FTSE China, Lyft, U.S

☆ Trump's transition team aims to kill Biden EV tax credit: Reuters
▼ + stars: | 2024-11-14 | by ( ) www.cnbc.com time to read: +3 min

Win Mcnamee | Getty Images News | Getty ImagesPresident-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters. Ending the tax credit could have grave implications for an already stalling U.S. EV transition. Representatives with the Trump transition and Tesla did not immediately respond to requests for comment. The alliance last month in an Oct. 15 letter urged Congress to retain the EV tax credits, calling them "critical to cementing the U.S. as a global leader in the future of automotive technology and manufacturing." Trump's energy transition team views the consumer EV credit as an easy target, believing that eliminating it would get broad consensus in a Republican-controlled Congress as part of a larger tax-reform bill.

Persons: Joe Biden, Biden, Win Mcnamee, Donald Trump's, Tesla, Elon Musk, Joe Biden's, oilman Harold Hamm, Doug Burgum, Mary Barra, Ngan, Trump, Donald Trump, Allison Robbert Organizations: White, Washington , D.C, Getty, Reuters, Trump, EV, Motors, Continental Resources, North Dakota, General Motors, Chevrolet Silverado, Huntington Place Convention, Afp, Alliance, Automotive Innovation, Tesla, Republican, Republicans, Hyatt Locations: Washington ,, Detroit , Michigan, Florida, Washington , DC

☆ Matt Gaetz's most controversial moments
▼ + stars: | 2024-11-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

He has also been the subject of multiple House Ethics Committee probes. Related Video House of Representatives tumbles into chaos as fight for new speaker eruptsHere are some of the most controversial moments of Gaetz's career so far:He invited a Holocaust denier to the State of the Union. AdvertisementDemocrats urged the House Ethics Committee to investigate the matter. Advertisement"I'll give you the truth why I'm not speaker," McCarthy said in April 2024. House Ethics Committee probes GatezThe House Ethics Committee opened its probe into Gaetz in 2021.

Persons: Donald Trump, Matt Gaetz, Washington, Gaetz, —, Donald Trump's, Charles C, Johnson, he's, Michael Cohen, Trump's, Nancy Pelosi's, Trump, Gatez, Joel Greenberg, Greenberg, Harry Potter, Gaetz's, Kevin McCarthy, Mike Rogers of, McCarthy, Rogers, I'm Organizations: Service, Justice Department, Committee, Department, FBI, Drug, Administration, Alcohol, Tobacco, Firearms, Explosives, Union, Daily, Fox Business, Oversight, Twitter, Florida Bar Association, Business, DOJ, Washington Post, Republicans, House Armed Services Committee, House Democrats, Republican National Convention, Times, Florida Republican Locations: Washington, Union ., Gaetz, Florida, Mike Rogers of Alabama, Gatez, loggerheads

☆ 'Big Short' investor Michael Burry boosts Alibaba, Baidu, and JD.com bets as he doubles down on China
▼ + stars: | 2024-11-14 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The "Big Short" investor raised his stakes in Alibaba, Baidu, and JD.com but also hedged the wagers. Burry didn't add any new names to his stock portfolio but exited a couple in the period. AdvertisementMichael Burry doubled down on three of China's biggest technology companies last quarter, boosting his stakes while carefully hedging his bets. The investor of "The Big Short" fame bolstered his Alibaba position by 29% to 200,000 shares worth around $21 million at the end of September, a quarterly portfolio filing revealed on Thursday. The Scion Asset Management boss doubled his JD.com stake to 500,000 shares worth $20 million at quarter end, and purchased put options on the same number of shares.

Persons: Michael Burry, —, bearish, Trump, aren't, He's, Burry Organizations: Baidu, Service, Scion Asset Management, Molina Healthcare, Shift4, Hudson Pacific Properties, American Coastal Insurance, GameStop, Nasdaq, Apple, Nvidia Locations: Alibaba, BioAlta, TheRealReal

☆ I set up a free-range playdate for kids in our area. Parents take turns watching the group, and we don't hover over them as they play.
▼ + stars: | 2024-11-14 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

She organized a weekly playgroup at her local play area where like-minded parents can send their kids. Parents take turns as the sole adult watching the kids from a distance as they explore and have fun. Related storiesIt also examines the trend of over-protective parents who coddle their children, often due to largely perceived dangers like abductions by strangers. Combined with too much technology, they're stopping kids from being kids. AdvertisementHaidt's book mentioned the "Let Grow" movement which advocates for kids interacting with each other with minimal parent involvement.

Persons: Sara Pecora doesn't, Sara Pecora, I've, Jonathan Haidt, you'd, Pecora, We've, we've, hasn't, they'll, —, She'd, she'd Organizations: Facebook, Business Locations: Richmond , Virginia, rota

☆ Here's the deflation breakdown for October 2024 — in one chart
▼ + stars: | 2024-11-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"We are seeing [deflation] to some extent," said Stephen Brown, deputy chief North America economist at Capital Economics. Energy prices and electronicsGasoline prices are also "way down," Zandi said. Consumers "could get more relief there because global oil prices are soft," Zandi said. Food prices are also generally underpinned by their own unique supply-and-demand dynamics, economists said. Lower energy prices can also take pressure off food prices, as it costs less to transport and distribute food to grocery store shelves.

Persons: Stephen Brown, Mark Zandi, women's outerwear, they've, Zandi, They've, Donald Trump's, they'd, Bacon Organizations: North, Capital Economics, U.S, Moody's, Finance, CPI, Bank of America, U.S . Energy Information Administration, Consumers Locations: U.S, North America, China

☆ Cheat sheet: How RFK Jr., Trump's pick for HHS secretary, promises to 'Make America Healthy Again'
▼ + stars: | 2024-11-14 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

Robert F. Kennedy Jr. is President-elect Trump's pick to lead the US Department of Health and Human Services. Advertisement"Make America Healthy Again" is the new healthcare slogan from Robert F. Kennedy Jr., President-elect Trump's new pick for Health and Human Services secretary. AdvertisementHere's what we know so far about Kennedy's public health philosophy, and what kinds of reforms he might fight for in 2025 and beyond. Kennedy's MAHA ideas include shifts in some basic public health protocolsMost Americans have fluoridated tap water. His stance has public health officials spooked, because part of what makes vaccination work so well is the fact that nearly everyone in our society does it.

Persons: Robert F, Kennedy Jr, Trump's, He's, he'll, —, Trump, Kennedy, Leonard Ortiz, I'm, Mandy Cohen, Lindsey Nicholson, Robert Califf, John F, Kennedy's, Bernie Sanders, it's Organizations: US Department of Health, Human Services, RFK, Service, Health, HHS, National Institutes of Health, for Disease Control, Prevention, Food and Drug Administration, MediaNews, Orange, Getty, NBC, Washington DC, Union, FDA, Pharma, Big Pharma Locations: Washington, California, Trump

☆ We're homeowners in Mexico and renters in the US. It's allowed us to live the best of both worlds for 20 years.
▼ + stars: | 2024-11-14 | by ( Louisa Rogers | ) www.businessinsider.com time to read: +5 min

My husband and I rent an apartment on the northern coast of California and own a home in Mexico. We live in Mexico's Guanajuato part of the year and love its walkability and vibrancy. AdvertisementMy husband and I, who are 82 and 73 respectively, love being renters — but we also own a home outside of the US. For over 20 years we've split our time between our rented apartment on California's northern coast and our 150-year-old adobe house in Guanajuato, Mexico. We often spend spring, summer, and fall in California before heading down to Mexico around Thanksgiving to live in our house until it's time to fly back.

Persons: —, we've, MARCO BOTTIGELLI, vibrancy, isn't, We've, viniendo Organizations: Service Locations: California, Mexico, Mexico's Guanajuato, Eureka , California, Guanajuato, Humboldt County, Humboldt Bay, Eureka

☆ Toxic chemical ‘Hall of Shame’ calls out retailers in time for holiday shopping
▼ + stars: | 2024-11-14 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +10 min

“This is a critical time of year, the time when most retailers make a lot of their money,” Schade said. Only four companies in the top 50 retailers earned an A or A- — Apple, Sephora, Target and Walmart. Three companies — Ulta Beauty, IKEA and Whole Foods Market — received a B grade, while 26 companies were equally split between C and D grades. “We also grade companies on whether the changes requested from their suppliers are actually implemented, if they have truly ‘banned the bad,’ so to speak,” Peele said. Correction: A previous version of this story incorrectly stated the number of retailers who earned an A or A-.

Persons: —, “ It’s, ”, Mike Schade, ” Schade, “, Dunkin ’, Jimmy John’s, Joe’s, Ahold, Hannaford, Tard, Sherwin, Williams, Sally Beauty, Jodi Caro, Alimentation, Cheri Peele, ” Peele, Peele, Homer Swei, Swei, Schade, Perfluoroalkyl, Julianna Bragg Organizations: CNN, Toxic, Black, Brands, KFC, Taco Bell, Inspire Brands, Baskin, Robbins, Buffalo Wild Wings, Canadian, Lion, Nordstrom, Walmart, National Retail Foundation, Companies, “ Retailers, Environmental, National Academies of Sciences, Engineering, US, “ Locations: United States, Canada, Chipotle, Target, Nordstrom

☆ Amazon just released its Temu killer and Bank of America likes the move
▼ + stars: | 2024-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bank of America sees Amazon' s discount storefront offering as a beneficial tool in fending off Temu and Shein. The e-commerce giant launched its Haul platform on the Amazon app, exclusively featuring products under $20. Bank of America analyst Justin Post said Temu and Shein's growth over the past year created a headwind of 1 percentage point for Amazon, according to an analysis of Bloomberg Second Measure data. Amazon's new offering comes as retailers have tried to compete with Temu and Shein, which are known for their low price tags. He said Amazon and these other companies could face obstacles if President-elect Donald Trump's proposed tariffs on imports come to fruition.

Persons: Justin Post, Temu, Donald Trump's, Post, LSEG Organizations: of America, Shipping, Bank of America, Amazon, Bloomberg

☆ Gary Gensler says he was 'proud to serve' as SEC chair, defends his approach to crypto regulation
▼ + stars: | 2024-11-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a House Financial Services Committee oversight hearing on Capitol Hill in Washington, D.C., on Sept. 27, 2023. Securities and Exchange Commission Chairman Gary Gensler spoke this morning at the Practising Law Institute's 56th annual conference on securities regulation. "It's a remarkable agency," Gensler said of the SEC, which he has led since April 2021. Gensler made only passing reference to his most controversial disclosure rule, on climate change, which has been challenged in court. Defense of crypto stanceGensler offered a full-throated defense of his approach to crypto.

Persons: Gary Gensler, Gensler, It's, bitcoin, clearinghouses, I've Organizations: . Securities, Exchange, Financial, Capitol, Washington , D.C, Securities, SEC Locations: Washington ,

☆ A smart way to follow value investor David Einhorn into his latest play that generates income to boot
▼ + stars: | 2024-11-14 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Value investors believe these companies are undervalued due to temporary issues, market overreactions, or broader economic conditions. The approach is long-term, as value investors wait for the market to recognize the company's actual value, which may take time. On a podcast earlier this year, well-known hedge fund manager David Einhorn of Greenlight Capital lamented that modern-day passive investors pay no attention to "value" of the companies they buy. Outcome Scenarios : If the stock price stays above the strike price, the option expires worthless, allowing the investor to keep the premium as profit. If the stock price falls below the strike price, the option buyer will likely exercise it, obligating the seller to buy the stock at the strike price.

Persons: Benjamin Graham, Warren Buffett, David Einhorn, CNH Organizations: Greenlight, Deere & Co, Agco Corp, Farmers, CNBC, NBC UNIVERSAL

☆ Buy these 14 stocks set to benefit most from the surge in year-end holiday spending: Morgan Stanley
▼ + stars: | 2024-11-14 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are 14 companies that will benefit from the upswing, according to Morgan Stanley. Advertisement"This holiday season is likely to see stronger spending than last," Morgan Stanley strategists led by Michelle Weaver wrote in a November 13 note, citing sentiment from her firm's economists. Morgan StanleyHowever, that's not to say that all companies will equally enjoy that surge in holiday spending. AdvertisementIn the note, Weaver and her team outlined 16 companies with significant exposure to holiday spending, though only 14 of those stocks have bullish ratings from Morgan Stanley analysts. Each is accompanied by its ticker, market capitalization, price-to-earnings (P/E) ratio, industry, and commentary about that industry from Morgan Stanley.

Persons: Morgan Stanley, Michelle Weaver, Morgan Stanley Holiday, Rich, Weaver, they'd, Morgan, haven't, that's Organizations: National Retail Federation, Black

The Summary New Jersey’s governor issued a drought warning Wednesday. New Jersey’s governor issued a drought warning Wednesday and said the state could implement mandatory water restrictions if conditions worsen. The New Jersey Forest Fire Service has responded to 537 blazes since early October, which have burned thousands of acres, Gov. Murphy urged residents to take the drought warning seriously and reduce water use voluntarily. The state’s last drought warning was in 2016, and it lasted more than half a year, LaTourette said.

Persons: Phil Murphy, Murphy, Tim Eustace, “ I’ve, ” Eustace, Ted Shaffrey, that’s, Mark McDonough, ” McDonough, ” Murphy, Dave Robinson, “ We’ve, we’ve, ” Robinson, Robinson, “ There’s, It’s, Shawn LaTourette, LaTourette, Greg McLaughlin, ” McLaughlin Organizations: The New, The New Jersey Forest Fire Service, Gov, North, Water Supply Commission, New, Water, Oceanic, Regional Climate Center, D.C, U.S, NOAA, U.S . Drought, ”, . New, . New Jersey Department of Environmental, AP New Jersey, Forest Fire Service, York Parks Locations: . New, Jersey, The New Jersey, North Jersey, New Jersey, Ringwood, N.J, Passaic, Newark , New Jersey, Wilmington , Delaware, Norfolk , Virginia, Philadelphia, Washington, U.S, In New Jersey, “, Evesham, ., . New Jersey, New York, New York’s Orange County, York

The number of illnesses in the E. coli outbreak linked to McDonald’s Quarter Pounders has risen to 104, up from 90 at last count, health officials said in an update Wednesday. The outbreak was announced last month, though some cases date to September, according to the Centers for Disease Control and Prevention. The CDC and McDonald's have both pointed to slivered onions served on Quarter Pounders as the likely source of the outbreak. In the last week, McDonald’s has resumed selling Quarter Pounders with slivered onions at the affected locations, relying on a different supplier for the onions. Several lawsuits have been filed against McDonald’s since the outbreak was announced, including a proposed class action.

Persons: McDonald’s, Taylor Organizations: Centers for Disease Control, CDC, Farms, Health, McDonald’s Locations: California, Colorado, Montana, Nebraska

WASHINGTON — President-elect Donald Trump stunned Senate Republicans by announcing Wednesday that he will nominate Rep. Matt Gaetz, R-Fla., to be attorney general. Some Senate Republicans said the process won’t be smooth sailing. Sen. Lisa Murkowski, R-Alaska, said it will be “a significant challenge” for Gaetz to win enough votes to be confirmed. I can’t even believe it.”Sen. Richard Blumenthal, D-Conn., a member of the Judiciary Committee, said Gaetz lacks basic qualifications for the job. “We met with President Trump and said, ‘Please, no more House members after Matt Gaetz,’” Scalise said.

Persons: Donald Trump, Matt Gaetz, Sen, Lisa Murkowski, Gaetz, “, That’s Lisa Murkowski’s, ” Murkowski, ” Sen, Joni Ernst, “ He’s, John Cornyn, ”, ” Cornyn, Cornyn, we’ll, Thom Tillis, Susan Collins, Collins, there’s, Kevin Cramer, Katie Britt, Ron Johnson, Pete Ricketts, didn’t, Trump’s, Chris Coons, Peter Welch, Joe Manchin, Richard Blumenthal, Conn, ” Blumenthal, John Fetterman, it’s, Mike Simpson, Simpson, Steve Scalise, he’s, President Trump, ” Scalise, Max Miller Organizations: WASHINGTON, Trump, Senate, Pennsylvania Senate, Republicans, Committee, House, ” Locations: Pennsylvania, Alaska, Iowa, Texas, Maine, Idaho, Ohio

House Republicans’ razor-thin victory was propelled by Trump’s decisive win over Vice President Kamala Harris in both the Electoral College and the popular vote. So far, Republicans have captured the 218 seats needed to secure the majority to Democrats’ 208 seats. Last week, Republicans flipped three Democratic Senate seats to win control of the upper chamber. They were among the 18 GOP House districts that President Joe Biden carried in 2020. Democratic challenger George Whitesides also ousted vulnerable GOP Rep. Mike Garcia in Southern California.

Persons: Donald Trump, House Republicans ’, Trump’s, Kamala Harris, Hakeem Jeffries, Mike Johnson, Brandon Williams, Anthony D’Esposito, Marc Molinaro, Joe Biden, George Whitesides, Mike Garcia, Rob Bresnahan, Matt Cartwright, Trump, Ryan Mackenzie, Susan Wild, Scott Perry, Janelle Stelson, Perry, Elissa Slotkin, Gabe Evans, Yadira Caraveo, Sen, Lindsey Graham, It’s, Johnson, Elise Stefanik, Mike Waltz, Kevin McCarthy of, —, Steve Scalise, Tom Emmer, ” Johnson, “, ” Organizations: WASHINGTON, NBC News, Republican, Trump, House Republicans, Electoral College, Democrats, Republicans, ’, Democratic, GOP, Keystone State, Freedom, Democratic Rep, Affordable, New, New York Republican, White Locations: Washington, America, New York, Syracuse, Long, Hudson, Southern California, battlegrounds, Pennsylvania, Michigan, Keystone, Allentown, Harrisburg, Denver, Florida, Kevin McCarthy of California, Louisiana, Minnesota

☆ COP29 host Azerbaijan hits out at West in defense of oil and gas
▼ + stars: | 2024-11-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

The president of Azerbaijan, host of this year’s U.N. climate summit, lashed out at Western critics of his country’s oil and gas industry on Tuesday. Azerbaijan’s finance ministry said the share of oil and gas as a contribution to the economy was declining as the country diversifies. The people need them.”He singled out the United States, the world’s largest historic carbon emitter, and the European Union for particular criticism, accusing them of double standards. The United States is the world’s largest oil and gas producer. Aiming to cut methane emissions from the United States, President Joe Biden’s administration on Tuesday finalized a methane fee for big oil and gas producers.

Persons: Ilham Aliyev, General Antonio Guterres, ”, Aliyev, bode, Romain Ioualalen, Harjeet Singh, Ali Zaidi, Joe Biden’s, Donald Trump, ” Guterres, Mia Mottley Organizations: European Union, Observers, Shell, World Bank Locations: Azerbaijan, United States, Ukraine, California, New York, Spain, Barbados

☆ Nasdaq CEO shares the best investing advice she's given her own son: It’s a ‘foundational element of wealth creation’
▼ + stars: | 2024-11-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

It's her most important money advice for all investing newcomers — including her own children, Friedman told CNBC Make It on Tuesday while speaking at the Fortune Global Forum 2024. "Learn by doing — with small amounts of money, or even on platforms where you don't actually have to use real money," said Friedman. The earlier you can start investing, the better, added Barclays CEO C.S. 'They should start young from that first paycheck, have a really long term view, and the equity markets are a really important part of that." Later in life, you'll thank yourself for starting early, said Friedman: "[Investing] is a foundational element of wealth creation in this country."

Persons: millennials, Gen, Adena Friedman, Friedman, Gen Zers, Roth, Douglas Boneparth Organizations: Nasdaq, CNBC, Fortune, Young, Survey, Barclays, C.S, Global Locations: New York

☆ Why the Chiefs love Steve Spagnuolo: Exotic blitzes, tough love and home cooking
▼ + stars: | 2024-11-13 | by ( Dan Pompei | ) www.nytimes.com time to read: +14 min

— Before dawn on a fall Friday, Steve Spagnuolo enters the Kansas City Chiefs facility with a large aluminum pan. “He was,” Spagnuolo says, “a man of character.”AdvertisementEgsegian and Spagnuolo had long talks on bleacher benches after practices. Steve and Maria Spagnuolo make Chiefs defenders feel like family. “Steve loves the fellas and likes to show them.”They bring Greek food to Chiefs defensive end George Karlaftis, a native of Athens. Jones has called Spagnuolo a father figure, as have Reid, Sneed and others.

Persons: Steve Spagnuolo, Maria, Price, Steve, Spagnuolo, Richard Egsegian, Egsesian, ” Spagnuolo, “, Egsegian, Andy Reid, Reid, Jim Johnson, Les Frazier, Maria Spagnuolo, Dan Pompei, Michael Strahan, ” Strahan, Tom Brady, “ He’s, ” Brady, ”, Kevin Demoff, ” Demoff, “ I’ve, Jeffrey, Crissy, Quintin Mikell, Spagnoulo, Mikell, Angelina Damiani, Jesus, ” Maria, “ Steve, George Karlaftis, ” Karlaftis, L’Jarius Sneed, don’t, Chris Jones, Jones, Justin Reid, Nick Bolton, Sneed, Bryan Cook, he’s, Strahan, ” Sneed, ‘, ’, Cook, ” Cook, meekly, He’ll, ” Jones, Sean Payton, Will, Patrick Mahomes, Tony Baker, Baker, “ crams, Tershawn Wharton, Cram, Dan Goldfarb, Kevin C, Cox Organizations: KANSAS CITY, Kansas City Chiefs, Chiefs, Aldi, NFL, Coaches, Grafton High School, Volkswagen, University of Massachusetts, Patriots, Springfield College, World League, Eagles, Giants, Spagnuolo’s Giants, Fox, Louis Rams ’, Rams, Los Angeles Rams, Titans, Pro Football Hall of Fame, America, “ Fox NFL, Bowl, Kansas City, Nguyen, Saints Locations: KANSAS, Mo, Cosentino’s, Grafton , Mass, Spagnuolo, Philadelphia, West Philly, Athens, Cook’s, Cook, Kansas, Maria

☆ Trump victory may provide TikTok a lifeline to remain in the U.S.
▼ + stars: | 2024-11-13 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

In April, President Joe Biden signed a law that requires China's ByteDance to sell TikTok by Jan. 19. Although both Republicans and Democrats supported the Biden TikTok ban in April, Trump voiced opposition to the ban during his candidacy. Since his election, Trump hasn't publicly discussed his plans for TikTok, but Trump-Vance transition spokeswoman Karoline Leavitt told CNBC that the president-elect "will deliver." "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," Leavitt said in a statement. That month it was also reported that Yass was a part owner of the business that merged with the parent company of Trump's Truth Social.

Persons: Donald Trump, Tim Cook, Meta, Mark Zuckerberg, Jeff Bezos, Shou Zi Chew, Joe Biden, Jan, Trump's, Trump, CNBC's, Kamala Harris, We're, Trump hasn't, Vance, Karoline Leavitt, Leavitt, TikTok, Jeff Yass Organizations: U.S, Apple, U.S ., Google, White, Democrats, Biden, Trump, CNBC, Republican, Susquehanna International Group, NBC Locations: Communist China, U.S, Smithton , Pennsylvania, Chew, TikTok, ByteDance, Yass

☆ An under-the-radar Trump trade that will benefit from pro-crypto stance and deregulation
▼ + stars: | 2024-11-13 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

"But SQ has also come under regulators' scrutiny (FinCen, CFPB) recently around its Cash App and Afterpay businesses. The president-elect has taken a pro-crypto stance during his time on the campaign trail , pledging to ensure that the federal government does not sell off its bitcoin holdings. A more favorable regulatory environment could also spell gains for Visa , which has rallied around 19% this year, according to Bernstein. "While it is unlikely that the DOJ pulls the case, it's possible that President-elect Trump names a more pro-business Head, who might be more amenable to a weaker settlement with Visa." That stock has seen the biggest year-to-date gains of the three, rising around 24%.

Persons: Donald Trump's, Bernstein, Harshita Rawat, Rawat, Trump, Gary Gensler Organizations: U.S . Securities, Exchange, Visa, Department of Justice, DOJ, Trump, Mastercard, Discover Financial

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