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☆ DHL cargo plane crashes as it nears Lithuania airport, killing one
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +3 min

25 November 2024, Saxony, Schkeuditz: A DHL cargo plane at the DHL Air Hub, the air freight center at Leipzig / Halle Airport. A cargo plane taking off from Leipzig on behalf of the postal service provider DHL crashed into a residential building near the airport in the Lithuanian capital Vilnius early this morning. Photo: Hendrik Schmidt/dpa (Photo by Hendrik Schmidt/picture alliance via Getty Images)A DHL cargo plane crashed as it came into land at Lithuania's Vilnius airport early on Monday, skidding into a house and killing one person on the aircraft. An airport spokesperson said the plane was a Boeing 737-400. Leipzig Airport operator Mitteldeutsche Flughafen AG declined to comment on the crash.

Persons: Hendrik Schmidt, Darius Jauniskis, Flightradar24 Organizations: DHL, DHL Air Hub, Halle Airport, Vilnius, dpa, Getty, Swiftair, Crisis Management Center, Police, Boeing, Firefighters, Mitteldeutsche Flughafen Locations: Saxony, Schkeuditz, Leipzig, Lithuanian, Lithuania's Vilnius, Germany, British, Europe, United States

☆ Menendez brothers to appear in court Monday for status hearing
▼ + stars: | 2024-11-25 | by ( Zoe Sottile | Jean Casarez | ) edition.cnn.com time to read: +8 min

The brothers, currently incarcerated in California, may appear virtually or in person for the status hearing, scheduled to start at 10:30 a.m. local time. “I believe they have served enough time.”Erik Menendez, left, and Lyle Menendez. The Menendez brothers filed a habeas corpus petition shortly after the docuseries was released, citing Rosselló’s allegations as well as a letter from Erik Menendez to his cousin that they say references the abuse. Los Angeles County District Attorney George Gascon speaks during a news conference to announce a decision in the case of brothers Erik and Lyle Menendez. Mike Blake/ReutersWhat comes nextGascón’s failed reelection bid has cast some uncertainty over the Menendez brothers’ fate.

Persons: Lyle, Erik Menendez, Judge Michael Jesic, ’, Jose Menendez –, Menendez, Erik, George Gascón, “, Gascón, Nathan Hochman, ” Erik Menendez, Lyle Menendez, Jose Menendez, Kitty Menendez, ”, ” Gascón, “ Menendez, Roy Rosselló, ” Erik, Attorney George Gascon, Mike Blake, Gascón’s, Hochman, ” Hochman, Gavin Newson, Newsom, CNN’s Eric Levenson, Cindy Von Quednow, Dalia Faheid, Taylor Romine Organizations: CNN, Los Angeles District, Los Angeles Superior Court, Prosecutors, California Department of Corrections, RCA Records, Netflix, Attorney, LA District Attorney, Gov Locations: California, Beverly, San Diego, Los Angeles County

☆ An inside look at Treasury secretary nominee Scott Bessent's research process and 'competitive edge'
▼ + stars: | 2024-11-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

AdvertisementA 2017 presentation for macro investor Scott Bessent's hedge fund explains his research process and "edge." His firm, Key Square Capital, struggled to generate returns despite its strong pedigree. Bessent — the former righthand man for billionaire George Soros and now the nominee for Treasury secretary by President-elect Donald Trump — saw billions of dollars leave his firm, Key Square Capital, after its 2016 launch, Reuters reported. It's not clear if there have been any changes to the investment process in the seven years since the presentation was created. Advertisement"Key Square views its research process as a think tank that is bolted on to disciplined trading and risk management," one slide reads.

Persons: Scott Bessent's, Donald Trump, Bessent, George Soros, Donald Trump —, Soros, Jim Chanos Organizations: Key Square Capital, Reuters, Business, Associates, Key

☆ Indian regulator rejects Apple request to put antitrust report on hold
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +2 min

India's antitrust body has turned down a request from Apple to put a hold on an investigation report which found the company breached competition laws, allowing the case to continue, an internal order from the regulator seen by Reuters showed. The CCI internal order showed that Apple alleged in November that the main complainant in the antitrust investigation—the Indian non-profit Together We Fight Society (TWFS)—had not complied with the directives to give an assurance that the old investigation reports had been destroyed. Apple asked the CCI "to take action against TWFS for non-compliance with its order" and "to withhold the revised" report, the CCI order, dated Nov. 13, seen by Reuters showed. "Apple's request to hold the investigation report in abeyance was deemed untenable," the CCI said in the order. The CCI's senior officials will review the investigation report and make a final ruling on the case.

Persons: Apple, —, TWFS Organizations: Apple, Reuters, of India, Society Locations: Mumbai, India

☆ A career coach shares 4 things to immediately stop sharing online if you're looking for a job
▼ + stars: | 2024-11-25 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +5 min

Don't share your job search journeyWhen you're job searching, I'd heavily advise against documenting your journey. There has been a surge of people on LinkedIn, sharing what it's like to apply for jobs in today's market. Sharing things about depression, or anxiety, might make an employer wonder, "How is that going to impact our business?" Don't share your résumé onlineOn LinkedIn, there's an option to share your résumé — and I wouldn't recommend doing that. If you're a career coach who would like to share helpful job searching tips, please email Manseen Logan at mlogan@businessinsider.com.

Persons: Madeline Mann, Mann, I've, I'd, you've, Manseen Logan Organizations: Self, LinkedIn, Google Locations: Los Angeles, mlogan

☆ CEO shares the calendar strategy he uses to be as productive as possible: It's how I optimize the 'best uses of my time'
▼ + stars: | 2024-11-25 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Alex Vetter runs a company that lives largely on the internet, but he manages his monthly schedule offline — with a printed calendar. Vetter doesn't print out his daily calendar, which he keeps digitally and checks on his phone. The assistant also audits Vetter's calendar annually, breaking it down into a pie chart organized by types of time spent, Vetter says. Whole Foods encourages its staff to plan 20-minute meetings instead of 30-minute ones, and 50-minute meetings instead of hourlong ones, Buechel said. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Alex Vetter, Vetter, who's, —, Jason Buechel, Buechel Organizations: Foods, CNBC

☆ RBC sees the S&P 500 rising to 6,600 in 2025, but expects a 5%-10% correction near term
▼ + stars: | 2024-11-25 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S & P 500's rise to fresh heights in the new year will not be in a straight line, according to RBC Capital Markets. Strategist Lori Calvasina issued a year-end 2025 target for the broad market index of 6,600. The S & P 500 has rallied 3.2% since Donald Trump secured a second presidential term, raising expectations of lower taxes and deregulation. To be sure, Calvasina thinks there will be 5%-10% correction in the near term before equities resume their march to all-time highs. Last week, Goldman Sachs set a 6,500 target for the S & P 500, while BMO issued a forecast for the benchmark index to surge all the way to 6,700 .

Persons: Lori Calvasina, Donald Trump, Calvasina, Goldman Sachs, Bernstein Organizations: RBC Capital Markets, Health, BMO Locations: Friday's, Bitcoin

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Persons: you'll, We've, we've, It’s Organizations: Business, Tarte, Mascara

☆ Barbara Corcoran 'isn't buying' that employees are more productive at home—but she embraces hybrid work anyway
▼ + stars: | 2024-11-25 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

When it comes to fully remote work, Corcoran is still on the fence, she told iHeart's "Way Up With Angela Yee" podcast last month. "Whether people are more productive at home — I'm not sure I'm buying it as a boss," said Corcoran. At the same time, Corcoran said she understands the perspective of those who prefer to work from home. Workers were ushered into remote and hybrid work in 2020 following the onset of the Covid-19 pandemic. Moreover, flexible work models boost employee happiness and reduce attrition by 33%, a 2023 study found.

Persons: Barbara Corcoran, Corcoran, iHeart's, Angela Yee, I'm Organizations: Corcoran Group, Workers, Owl Labs

☆ Egyptian authorities say 17 people missing after tourist boat sinks in Red Sea
▼ + stars: | 2024-11-25 | by ( Story Associated Press | ) edition.cnn.com time to read: +1 min

Cairo AP —At least 17 people are missing after a tourist yacht sank in the Red Sea following warnings about rough seas, Egyptian officials said Monday. The governor of the Red Sea region, Amr Hanafy, said rescuers saved 28 people from the vessel south of the coastal town of Marsa Alam, and some were airlifted to receive medical treatment. The governorate received a report shortly before dawn Monday of a distress call made from the yacht, which had left Marsa Alam for a five-day journey. But the Egyptian Meteorological Authority on Saturday warned about turbulence and high waves on the Red Sea and advised against maritime activity for Sunday and Monday. Many tourist companies have stopped or limited traveling on the Red Sea due to the dangers from conflicts in the region.

Persons: Amr Hanafy, Hanafy Organizations: Cairo AP, Marsa Alam, Egyptian Meteorological Authority, Associated Press Locations: Cairo, Marsa Alam, Marsa, Hurghada, Egypt

☆ Glen Powell was the most recent celebrity to get a look-alike contest. The actor raised the stakes by adding a movie cameo to the prize.
▼ + stars: | 2024-11-25 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

AdvertisementGlen Powell is the latest Hollywood star to get his own look-alike contest. Powell included a cameo in his next movie as a last-minute addition to the competition's prize. AdvertisementOn November 24, a look-alike contest was held at Auditorium Shores park in Powell's hometown in Austin, Texas, judged by his mother and his aunt. The Chalamet look-alike won $50, which seems to be about the going rate for contest winners, per Vulture's reporting. There was no drama at the Powell look-alike competition, and a man named Max Braunstein won the event while dressed as the actor's character from "Top Gun: Maverick."

Persons: Glen Powell, Powell, Willy Wonka, Paul Mescal, Harry Styles, Dev Patel, Katy Carpenter, couldn't, Edgar Wright, Jeremy Allen, Max Braunstein, Queso Organizations: Fox, Marlboro, BBC, New York Police Department Locations: Austin , Texas, New York, Auditorium Shores, Powell's, Glasgow, Scotland

☆ CNBC Daily Open: Small- and mid-caps stole the limelight last week
▼ + stars: | 2024-11-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet shares dropping. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention. The Dow Jones Industrial Average was 2% higher for the week and the S&P 500 and Nasdaq Composite both climbed around 1.7%.

Persons: GOOG, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, NYSE, CNBC, U.S, Trump, Treasury, Fed, Anthropic Amazon, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: New York City, Anthropic, Azerbaijan

☆ Bitcoin's march to $100,000 stalls. Here's what's keeping it below the milestone
▼ + stars: | 2024-11-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Bitcoin hit a new record high last week, with prices climbing above $99,000 for the first time. CNBC asked analysts for their take on why bitcoin has so far failed to breach the widely-watched $100,000 mark. "There's a ton of leverage in the system right now," Novogratz, a longtime crypto investor, told CNBC's "Squawk Box" on Friday. Novogratz added that he's advocating investors buy "straight bitcoin" rather than bitcoin-exposed plays, such as MicroStrategy which owns a huge, multi-billion-dollar pile of bitcoin in its corporate treasury reserves. Deutsche Bank's Laboure said she thinks the idea of a U.S. national bitcoin is still far off, practically speaking.

Persons: Fernando Gutierrez, Donald Trump, Trump's, hasn't, bitcoin, Andre Dragosch, Bitwise, Bitcoin, Dragosch, Novogratz, CNBC's, David Morrison, Morrison, Marion Laboure, Trump, Gary Gensler —, Deutsche Bank's Laboure, Laboure Organizations: Getty, CNBC, Galaxy Digital, Trade, Deutsche Bank, bitcoin, Trump, Securities, Exchange, Deutsche Locations: Juarez, Europe, U.S

☆ Singapore's inflation rate falls in October, hitting lowest point since March 2021
▼ + stars: | 2024-11-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

SINGAPORE — Singapore's headline inflation rate fell to 1.4% in October, down from September's figure of 2%, as the cost of cars dropped and rent prices rose at a slower pace. The consumer price index rise was also lower than the 1.8% that was expected among economists polled by Reuters. It marked the first time that Singapore's headline inflation rate fell below 2% since March 2021, when it came in at 1.3%. Singapore's core inflation rate, which strips out accommodation and private transport prices, came in at 2.1%, down from 2.8% in September and lower than the 2.5% expected in the Reuters poll. The Singapore dollar was trading at 1.34 against the U.S. dollar after the inflation reading, strengthening by 0.13%.

Organizations: Reuters, Monetary Authority, Singapore, U.S Locations: SINGAPORE, Singapore

☆ Germany’s Thyssenkrupp Steel to lay off thousands of workers
▼ + stars: | 2024-11-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Thyssenkrupp Steel has announced plans to eliminate 11,000 jobs by the end of this decade — about 40% of its workforce — becoming the latest German industrial giant to opt for drastic action to prop up its fortunes. “Increasingly, (global) overcapacity and the resulting rise in cheap imports, particularly from Asia, are placing a considerable strain on competitiveness,” Thyssenkrupp Steel said in a statement. Thyssenkrupp, Germany’s largest steel producer, joins the country’s biggest manufacturer Volkswagen in setting out a major overhaul to cut costs and bolster competitiveness. The German automaker also plans to close at least three factories in its home country and lay off tens of thousands of staff. “Locational weaknesses” include high energy costs, onerous red tape, and outdated physical and digital infrastructure.

Persons: Steel, carmaker Ford Organizations: London CNN, Thyssenkrupp, European, European Commission, Volkswagen, Federation of German Industries, Boston Consulting Group, German Economic Institute Locations: Asia, Ukraine, German, Europe, Germany, United Kingdom, Thyssenkrupp

☆ Russia's invasion is showing the West war isn't just about having the best weapons — it's also about having more
▼ + stars: | 2024-11-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

But it needs to invest more in quantity if it wants to defend against Russia, warfare experts said. Russia's invasion of Ukraine is showing the West the value of quantity over quality. AdvertisementAnd in the aftermath of the Cold War, Western stockpiles of weaponry diminished and industry shrunk, leaving it less prepared to build large quantities of munitions and equipment. Advertisement"Assuming that you don't decisively defeat the Russians in the opening phase of the war," Barros said, "you're going to burn through all your ATACMS and HIMARS missiles and artillery ammunition." In an image taken from a video distributed by the Russian Defense Ministry Press Service in October, a Russian 120mm mortar crew fires toward a Ukrainian position.

Persons: Zelenskyy, Mick Ryan, George Barros, Abrams, Michael O'Hanlon, Barros, ANATOLII STEPANOV, that's, isn't, O'Hanlon, William Alberque, Alberque Organizations: Australian Army, Institute for, NATO, American, Brookings Institution, Getty, Stimson Center, Russian Defense Ministry Press Service, AP Locations: Ukraine, Western, Russia, China, West, Soviet, Ukraine Russia, Russian, Ukrainian, North Korea, Iran

☆ Yemeni men were forced to fight in Ukraine after being lured to Russia by the promise of citizenship: report
▼ + stars: | 2024-11-25 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +3 min

AdvertisementYemeni men may have been tricked into fighting in Ukraine after promises of Russian citizenship. Russia is increasingly bringing in soldiers from other countries to help it fight in Ukraine. Yemeni men were duped into fighting in the Ukraine war after traveling to Russia on the promise of high salaries and citizenship, according to a report in the Financial Times. In March, The Guardian reported that countless Indian and Nepalese men have been duped into joining Russia in its fight against Ukraine. North Korea has also sent thousands of soldiers to Russia to fight against Ukraine.

Persons: Bashir Abbas, Putin, Tim Lenderking, Abbas Organizations: Analysts, Financial Times, Russia, FT, Stimson Center, US State Department, Guardian, Ukraine, The, Kremlin Locations: Ukraine, Russia, Rostov, Ukrainian, Iran, Yemen, Europe, North Korea, Washington

☆ I tried making Ina Garten's pumpkin, apple, and pecan pies. I'll never use anyone else's crust recipe again.
▼ + stars: | 2024-11-25 | by ( Paige Bennett | ) www.businessinsider.com time to read: 1 min

AdvertisementI followed Ina Garten's recipes for pumpkin, apple, and pecan pie to see which I liked best. The pecan pie tasted like a cocktail, and the apple pie was shockingly simple to throw together. I ended up with extra pumpkin-pie filling, but Garten's buttery crust was the real winner. I sometimes struggle to create a buttery, flaky crust, and my fillings don't always have the right texture. Here's how my day of baking went as I attempted to make Garten's pecan, pumpkin, and apple pies.

Persons: Ina Garten's, I'm, Ina Garten

☆ Vilnius: Cargo plane crashes near Vilnius airport
▼ + stars: | 2024-11-25 | by ( Helen Regan | Edward Szekeres | ) edition.cnn.com time to read: 1 min

CNN —A cargo plane flying from Leipzig, Germany crashed outside Vilnius Airport in Lithuania, an airport spokesperson confirmed to CNN Monday. “The city’s special services are working at the scene and leading the rescue efforts, as well as crews from the Vilnius Airport Fire Service,” the airport spokesperson said. The spokesperson said due to “ongoing rescue work near Vilnius Airport,” departures for several aircraft have been delayed. “All scheduled aircrafts are currently taking off from Vilnius Airport,” the spokesperson said. Reuters reported that the cargo plane that crashed was a DHL aircraft.

Organizations: CNN, Fire Service, Vilnius Airport, Reuters, DHL Locations: Leipzig, Germany, Vilnius Airport, Lithuania, Vilnius, Zirniu

☆ Gold will still be able to find support drivers, could hit $3,000 by end 2025: CBA
▼ + stars: | 2024-11-25 | 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 EmailGold will still be able to find support drivers, could hit $3,000 by end 2025: CBAVivek Dhar of CBA says that one of the key attributes behind gold's strong performance in 2024 was its ability to find support in "any environment", a trend that he expects to continue in the next year.

Persons: Vivek Dhar Organizations: CBA

☆ Antitrust expert Doug Melamed on DOJ's antitrust trial against Google over ad tech
▼ + stars: | 2024-11-25 | 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 EmailAntitrust expert Doug Melamed on DOJ's antitrust trial against Google over ad techDoug Melamed, Stanford law professor, joins CNBC's 'Squawk on the Street' to discuss the DOJ vs Google antitrust advertising trial, the implications of the case for Alphabet and the rest of the tech sector, and more.

Persons: Doug Melamed Organizations: Google, Stanford, DOJ

☆ U.S. should be 'very concerned' with cyber threats from Russia, says Fortalice Solutions CEO
▼ + stars: | 2024-11-25 | 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 EmailU.S. should be 'very concerned' with cyber threats from Russia, says Fortalice Solutions CEOTheresa Payton, Fortalice Solutions CEO and former White House chief information officer, joins 'Squawk Box' to discuss the threat of cyberattack from Russia, the idea of using insiders, and much more.

Persons: Theresa Payton Organizations: Fortalice, White House Locations: Russia

☆ Vikings, Pride owner Mark Wilf on sports ownership
▼ + stars: | 2024-11-25 | 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 EmailVikings, Pride owner Mark Wilf on sports ownershipMark Wilf, owner of the Orlando Pride and Minnesota Vikings, joins 'Squawk Box' to discuss which of Wilf's teams are his favorite, why Wilf decided to expand his ownership umbrella into other sports, and much more.

Persons: Mark Wilf, Wilf Organizations: Email Vikings, Pride, Orlando Pride, Minnesota Vikings

☆ Nan Goldin Challenges Germany on What Artists Can Say About Israel
▼ + stars: | 2024-11-25 | by ( Alex Marshall | ) www.nytimes.com time to read: 1 min

The artist and activist Nan Goldin makes no secret of her views about Israel and the wars in Gaza and Lebanon. She has signed high-profile protest letters calling Israel’s actions in Gaza “a genocide.” She has marched with pro-Palestinian protesters and was arrested at a demonstration in New York. In a magazine interview last year, she said she had “been on a cultural boycott of Israel for my whole life.”So a major exhibition of Goldin’s photo slide shows and films that opened over the weekend at the Neue Nationalgalerie in Berlin seemed like a high-profile anomaly in Germany, where lawmakers have said that support for boycotting Israel is antisemitic, and where artists who have taken positions like Goldin’s have had museum shows canceled, prizes suspended and talks shut down.

Persons: Nan Goldin Organizations: Neue, Israel Locations: Israel, Gaza, Lebanon, New York, Berlin, Germany

☆ China's central bank keeps medium-term loan rate unchanged amid yuan weakness
▼ + stars: | 2024-11-25 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. The People's Bank of China kept the medium-term lending facility rate unchanged at 2.0% on 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions, according to the bank's official statement. Keeping the MLF rate intact allows for "greater policy maneuverability" given the change in U.S. administration, at a time when commercial banks' net-interest-margins have remained tight, Pang added. "A delayed reduction in the [MLF] lending rates" would also bolster the yuan against the stronger greenback, JLL's Pang added. Unlike the Fed's focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy.

Persons: Jiang Qiming, Donald Trump's, Bruce Pang, PBOC's, Pang, Wang Tao, Zhiwei Zhang, JLL's Pang, Gary Ng, PBOC, Pan Gongsheng Organizations: People's Bank of China, China News Service, Getty Images China, U.S, Research, UBS Investment Bank, Beijing Locations: Beijing, China, Greater China, JLL

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