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☆ The weight-loss drug boom has become one of the internet's biggest scams
▼ + stars: | 2024-12-08 | by ( Bob Woods | ) www.cnbc.com time to read: +14 min

That's certainly the case with the super-popular weight-loss drugs from Eli Lilly and Novo Nordisk. A recent CNBC investigation explored the murky international world of counterfeit weight-loss drugs. "Our advertising policies also prohibit the advertising of weight-loss products, including weight-loss injections and fat-burning pills." "The social media platforms are the new street corners for drug dealers, and they move from place to place," Galvin said. "We urge consumers to be vigilant and to utilize tips tools from the FDA's BeSafeRx campaign to help them safely buy drugs online."

Persons: NOVO.B, scammers, That's, Eli Lilly, Lilly, Eric Feinberg, Tom Galvin, Abhishek Karnik, McAfee, We've, Galvin, Henry Meds, Patrick Carroll, Kathy Bates, Elon Musk, Oprah Winfrey, Andy Cohen, Billie Jean King, Rob Lowe —, Novo's, Pharmacotherapy Organizations: Novo Nordisk, Bloomberg, Getty, Food and Drug Administration, Consumers, Novo, CNBC, FDA, pharma, Facebook, Digital Citizens Alliance, Coalition, PayPal, Citizens, Research Team, McAfee, JAMA, ., JFK International, U.S . Customs, UK's Medicines, Healthcare Products Regulatory Agency, Publicly, BPI Labs, Company, Chem Labs, Meta, Co Locations: Hillerod, Denmark, U.S, Zelle, Ozempic, India, China, Mexico, Turkey, London, Noom, Miami, Novo, Kinsale, Ireland

One week ago, they held the 49ers to 10 points, and the 49ers put up 38 on a pretty good Bears defense Sunday. Nguyen: The Bills defense isn’t a suffocating unit but they do enough to complement Josh Allen most weeks. Penix is completely unknown to the world outside the Falcons; their coaches and players have a better feel for his readiness. The only way Penix should be promoted is if Falcons players believe he gives them a better chance to win. If he finds a fit with strong ownership, solid coaching, offensive playmakers and blockers, and a stout defense, Rodgers can make an impact somewhere.

Persons: Aaron Rodgers, Kirk Cousins, Mike Jones, Ted Nguyen, Dan Pompei, Patrick Mahomes, Joe Burrow, Jones, we’ve, Mahomes, Josh Allen, Nguyen, Matthew Stafford, blitzing Stafford, Raheem Morris, Michael Penix Jr, Cousins can’t, he’s, hasn’t, Penix, I’m, Cousins, it’s, Justin Jefferson, Ernest Jones, Geno Smith, They’ve, football’s, they’re, Bryce Young, Xavier Legette, Chuba Hubbard, Dave Canales, Rodgers, Will Levis doesn’t, Kevin O’Connell, Sam Darnold, J.J, McCarthy, Harry Organizations: Panthers, Jets, Athletic NFL, Bills, Chiefs, Rams, Buffalo, 49ers, Bears, NFL, Sunday, Falcons, NFC, Raiders, Giants, Lions, Eagles, Seahawks, Vikings, Packers, disrespected Vikings, The Seahawks, Bucs, Carolina Panthers, Bad, New York Giants, Las Vegas Raiders, Tennessee Titans, New, New Orleans Saints Locations: L.A, Baltimore, Penix, Minnesota, takeaways , Minnesota, Seattle, Carolina, New Orleans, Green

Notre-Dame of Paris Cathedral on December 06, before its reopening. On April 15, 2019, Notre Dame was engulfed in flames. A leading French archbishop said the “star” of the ceremony ought to be Notre Dame itself, and that the pope did not want to distract from the occasion. The Archbishop of Paris Laurent Ulrich will then strike the closed cathedral doors with his crozier, an ornate staff. Read more about the reopening of Notre Dame.

Persons: Pascal Le Segretain, Dame de Paris, Emmanuel Macron, ”, Who’s, Donald Trump, Paris —, Pope Francis ., Paris Laurent Ulrich, crozier, “ Organizations: Dame, Paris Cathedral, Notre, Dame de, Dame de Paris Notre Dame, Notre Dame, France TV Locations: Paris, France, Corsica, French, What’s, Notre

☆ Is Red No. 3, the artificial food dye, safe? FDA may finally move to ban it
▼ + stars: | 2024-12-07 | by ( Kaitlin Sullivan | Kaitlin Sullivan Is A Contributor For Nbcnews.Com Who Has Worked With Nbc News Investigations. She Reports On Health | Science | ) www.nbcnews.com time to read: +12 min

The Food and Drug Administration may finally move to ban artificial red food dye, the coloring found in beverages, snacks, cereals and candies. This means that thousands of products that contain this chemical can remain on the market.”Robert F. Kennedy Jr., President-elect Donald Trump’s pick for health secretary, has claimed food dyes cause cancer, but has not said what he would do if confirmed to the Cabinet post — if anything — about artificial food dyes in American food. The European Union requires a warning label on products that contain three artificial food dyes approved in the U.S.:Yellow No. “All the colors listed have recently undergone assessments for safety in food by the JECFA and were found to be safe for use in food under current use conditions.”States already banning the artificial food dyesStates are already putting pressure on manufacturers to remove artificial dyes from food and beverages. The law will ban six of the nine FDA-approved artificial food dyes –– Red No.

Persons: Jim Jones, it’s, ”, Frank Pallone Jr, ” Pallone, Robert F, Kennedy Jr, Donald Trump’s, ” Kennedy, Delaney, ” FDA’s Jones, Thomas Galligan, ” Galligan, “, Mande, Jennifer Pomeranz, Jones, Kraft, Nestlé, Galligan Organizations: Drug Administration, Health, Education, Labor, House Energy, FDA, NBC News, United, European Union, Harvard, of Public Health, Agriculture Department, Center for Science, U.S ., Food Safety Authority, Environmental Health, National Institutes of, New York University School of Global Public Health, U.S, Joint Food and Agriculture Organization, United Nations, World Health, JECFA, California School Food Safety, New, for Science Locations: United States, U.S, Chan, California, Europe, Illinois, New York

The person being sought in the killing of UnitedHealthcare CEO Brian Thompson on a Manhattan street was seen near a Port Authority bus station 46 minutes after the shocking crime, police said. “At this point, we believe he acted alone,” New York Police Department Chief of Detectives Joseph Kenny said Friday. Here is a timeline of the person of interest’s movements in New York City, as described by Kenny. He is seen on video at that time getting off a bus at the Port Authority at 42nd Street and 8th Avenue. The police department in Atlanta, Georgia, where the bus to New York City originated, is assisting the NYPD, it said.

Persons: Brian Thompson, Thompson, UnitedHealth, ”, Joseph Kenny, Kenny, Washington, We're Organizations: Port Authority, New, New York Hilton Midtown, Police, ” New York Police Department Chief, Hilton, New York, NBC, Park West, Columbus, NYPD Locations: Manhattan, New York, “, New York City, Atlanta, Amsterdam, Central, Atlanta , Georgia

The broad market S&P 500 climbed 0.25% to 6,090.27. The Dow Jones Industrial Average slipped 123.19 points, or 0.28%, to close at 44,642.52. The S&P 500 and Nasdaq went on to their third straight positive week as well, rising 0.96% and 3.34%, respectively. The unemployment rate nudged up to 4.2%, as expected. Following the not-too-hot, not-too-cold unemployment data, fed funds futures trading data reflected an 85% likelihood of another rate cut in two weeks to 85%, according to the CME Group’s FedWatch Tool.

Persons: Dow, Dow Jones, ”, Luke O’Neill, “ It’s, Jerome Powell Organizations: Nasdaq, Federal Reserve, Tech, Dow Jones, Dow, Catalyst Funds, Fed Locations: U.S

So on Friday, Grillo was sentenced to a year in prison on the remaining misdemeanor counts. We stormed the Capitol,” Grillo said in a video he took of himself in the Capitol, according to the Justice Department. We did it!”Lamberth, who sentenced Grillo to 12 months behind bars, had rejected Grillo's argument to delay his sentencing due to the possibility that Trump might pardon some of all of the Jan. 6 rioters. "That is what is means to have an independent judiciary, that is what it means to have law and order," he said. As of Nov. 6, approximately 1,561 defendants have been federally charged with crimes associated with the Jan. 6 attack, according to the Department of Justice.

Persons: WASHINGTON, Ronald Reagan, Donald Trump, —, Royce Lamberth, Lamberth, Lamberth —, George Santos, Philip Grillo, Grillow, Grillo, ” Grillo, Trump, “ Trump’s, ”, “ Donald’s, Phil, Trump’s, Philip Sean Grillo, ” Lamberth, ” Royce Lamberth, Ricky Carioti, Nobody, Enrique Tarrio Organizations: U.S . Capitol, U.S, Rep, Capitol, Justice Department, NBC News, District of Columbia, Washington, Getty, Department of Justice, Boys Locations: United States

☆ Nick Fuentes facing battery charge after ‘your body, my choice’ confrontation at his Illinois home
▼ + stars: | 2024-12-07 | by ( Bruna Horvath | Bruna Horvath Is An Intern On Nbc News' Tech Team. | ) www.nbcnews.com time to read: +2 min

Far-right streamer and influencer Nick Fuentes has been accused of battery after allegedly spraying a woman with pepper spray when she appeared at his front door in Illinois last month as his refrain “Your body, my choice” was going viral. Rose also took to social media, posting on Facebook: “It. Another woman who had driven by Fuentes’ house called police to report that she had seen a woman shoved by a man outside the home, according to the police report. Rose was still at the house when police arrived, but she and Fuentes were separated while they spoke to officers, the report stated. In her post, she also disclosed Fuentes’ home address several times.

Persons: Nick Fuentes, Marla Rose, Fuentes ’, ” Fuentes, Fuentes, Rose, 🔥🔥, Fu Locations: Illinois, Chicago, Berwyn , Illinois

Two Indianapolis police officers charged in the death of a man who was stunned and restrained on the ground during a mental health crisis were acquitted Friday of manslaughter, officials said. The jury found Indianapolis police officers Adam Ahmad and Steven Sanchez not guilty on all counts more than two years after the death of Herman Whitfield III. Officers hold Herman Whitfield III in handcuffs while they wait for medics to arrive. John Kautzman, a defense attorney for the officers, said Friday that Whitfield’s death was a tragedy, but that the evidence showed the officers did their best under difficult circumstances and did not commit any crime. "He's a wonderful young man," Whitfield's father, Herman Whitfield Jr., told reporters at the time the officers were indicted, according to video from WTHR.

Persons: Adam Ahmad, Steven Sanchez, Herman Whitfield III, “, Whitfield, Herman Jr, Gladys Whitfield, ”, Ryan Mears, Ahmad, Sanchez, John Kautzman, ” Kautzman, Chris Bailey, ” Ahmad, Bailey, ” Bailey, Janna Skelton, George Floyd's, kneeled, Mears, Herman Whitfield Jr Organizations: Indianapolis, YouTube, Prosecutors, Indianapolis Metropolitan Police Department, NBC Locations: ” Marion, Indianapolis, Minneapolis

A high-profile violent crime typically sets social media abuzz with tips and theories from amateur internet sleuths, hunting for the alleged perpetrator. Thompson’s targeted killing has sparked online praise from people angry over the state of U.S. health care. A Gallup poll released Friday found that Americans believe health care quality is at a 24-year low. Those polled said health care coverage is even worse, with 54% saying it’s fair or poor. At least one person who did try to help find Thompson’s killer was criticized on X, formerly known as Twitter, for doing so.

Persons: Brian Thompson, “, ”, Michael McWhorter, ” Alex Goldenberg, Thompson, Thompson’s, Brian, “ Brian, Savannah Sparks, —, Sparks, isn’t, thatdaneshguy, Jan, Gabby Petito, sleuths, Petito, Brian Laundrie, Riley Walz, Walz, TizzyEnt, McWhorter, ” McWhorter, Sukrit, ” Venkatagiri, Venkatagiri, anecdotally Organizations: New York, Research, Rutgers University, NBC News, UnitedHealth Group, Gallup, Capitol, Citi, NYPD, Swarthmore College, Bureau of Investigations, New York Police Department . Police, Investigators, Police Locations: New York City, TikTok, U.S, Lyft, New York, Atlanta, Manhattan

☆ Energy from the dance floor: Inside the iconic Scottish venue powered by human body heat
▼ + stars: | 2024-12-07 | by ( Gaelle Legrand | ) www.cnbc.com time to read: +2 min

Geologist and TownRock Energy CEO David Townsend was first introduced to Andrew Fleming-Brown, the owner of the multi-disciplinary venue SWG3, in 2019. "If you have 1,200 people dancing, and you're capturing the heat from those people dancing, you can heat about 70 houses. While this is about 10 times the cost of a conventional heating system, SWG3 projected Bodyheat would pay for itself within five years through energy savings. As for this unlikely duo, they're currently looking into extending the Bodyheat system to a new hotel Fleming-Brown is opening down the road. Watch the video above for an up-close look at the Bodyheat system, as well as the other skill-sharing that can happen when two business leaders converge.

Persons: David Townsend, Andrew Fleming, Brown, Townsend, CNBC's, Fleming, they're Organizations: TownRock Energy, International Renewable Energy Agency Locations: Glasgow, Scotland, United Kingdom, European

☆ The 25 best new restaurants in the US, according to Yelp reviews
▼ + stars: | 2024-12-07 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +2 min

Yelp identified the 25 best new restaurants in the US in 2024 based on customer reviews. The highest number of top-rated new restaurants are located in California and Texas. To help you decide, Yelp ranked the top 25 new restaurants in the country — selecting eateries that opened after January 1, 2023 —based on total volume and review ratings of restaurants from January 1, 2023, to September 1, 2024. Business Insider identified the best thing to order from the top 25 new restaurants, and what customers say about each spot. AdvertisementHere are the 25 best new restaurants in the US, according to Yelp.

Persons: Yelp, It's, Tara Lewis Organizations: National Restaurant Association Locations: California, Texas, New York City, Washington

☆ The Look Ahead: December 6, 2024
▼ + stars: | 2024-12-07 | 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 - The Look AheadCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ Life inside Blackstone's Miami office, from the daily meetings to the office croquetas
▼ + stars: | 2024-12-07 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +11 min

Blackstone's Miami office is now home to about 70 finance professionals, including 15 from Garcia's team. BlackstoneBlackstone's bet on MiamiBlackstone's Miami office is just north of the city's downtown, about a 10-minute drive from the Brickell financial district. AdvertisementIn building Blackstone's Miami finance bench, Garcia said the approach is not so much about transplanting employees but rather finding local talent committed to Miami. AdvertisementWith a master's in accounting, his first job was at KPMG's Miami office, where he focused on audits for asset management clients. "Usually Miami is pretty hot, so I feel like I need some cooling down," he said.

Persons: Blackstone, Julio Garcia, Garcia, —, Garcia's, Chris Striano, let's, New York Garcia, Garcia Garcia, Tyler Burke, he's, It's, They're, they'll, Farmer, they're Organizations: Blackstone, University of Miami, Miami, Citadel, Magic City, Global Finance, Business, Miami Blackstone's, UM, HIG, KPMG Locations: Miami, South Florida, Blackstone, firm's Miami, Miami Blackstone's Miami, Brickell, Biscayne, Miami Beach, New York, Cuba, Puerto Rico, South Beach, Cuban, Versailles, Little Havana

☆ Why finding the UnitedHealthcare CEO’s suspected killer is harder than you might think
▼ + stars: | 2024-12-07 | by ( Holly Yan | ) edition.cnn.com time to read: +10 min

“He knows he’s on camera – it’s New York,” said John Miller, CNN’s chief law enforcement and intelligence analyst. The words “delay” and “depose” were written on a live round and a shell casing linked to the shooter, law enforcement sources told CNN. The state of New York does not have access to the DMV database for law enforcement purposes by statute,” Scott said. The potential DNA evidence was turned over to a lab for testing, a senior law enforcement official told Miller. “We already have lots of forensic evidence, fingerprints, DNA evidence,” plus a “massive camera canvass” of the suspected shooter’s movements through the city, she said.

Persons: CNN —, Brian Thompson, –, ”, John Miller, …, that’s, ” Miller, “, Kenneth Corey, ” Corey, “ They’re, Thompson, Bryanna Fox, Thompson’s, Donnie Scott, ” Scott, Scott, It’s, Andrew McCabe, ” McCabe, Miller, Callahan Walsh, There’s, ” Walsh, Jessica Tisch, ” Tisch, McCabe, ” CNN’s Mark Morales, Shimon Prokupecz, Tami Luhby, Claire Duffy, Elise Hammond, Erin Burnett, Brynn Gingras, Courtney Fennell Organizations: CNN, Police, NYPD, West, University of South, IDEMIA, Department of Motor Vehicles, FBI Locations: America’s, New York, New York City, “, Central Park, Central, Monaco, University of South Florida, United States

☆ Elon Musk says DOGE can 'gut the federal government' with a recent Supreme Court ruling. Some lawyers disagree.
▼ + stars: | 2024-12-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

Elon Musk and Vivek Ramaswamy said a SCOTUS ruling on federal regulations will help them cut spending through DOGE. AdvertisementThe Supreme Court might not help Elon Musk and Vivek Ramaswamy's spending cut goals as much as they might think. Holes in Musk and Ramaswamy's argumentThe Supreme Court overturned the Chevron doctrine in June 2024 in a ruling on the case Loper Bright Enterprises v. Raimondo. The Biden administration went through that process to craft its second student-loan forgiveness plan after the Supreme Court struck down the first one. It's not clear that the Supreme Court had that in mind when it overruled Chevron."

Persons: Elon Musk, Vivek Ramaswamy, SCOTUS, Vivek Ramaswamy's, Donald Trump, Ramaswamy, Musk, that's, Gillian Metzger, Metzger, Raimondo, Nicholas Bagley, Bagley, Bright, Trump, Biden, Cary Coglianese, Coglianese, Jared Moskowitz, Moskowitz, Ro Khanna, Sen, Bernie Sanders, GOP Sen, Joni Ernst, Marsha Blackburn, —, We've, You've Organizations: of Government, GOP, Chevron, Columbia Law School, Trump, Bright Enterprises, National Marine Fisheries, University of Michigan, Street Journal, APA, University of Pennsylvania, Ramaswamy, Republican, Democratic, Department of Homeland Security, Department of Defense, Treasury Department, Department of Health, Human Services, Social Security Administration, Treasury Department . National, Capitol Locations: Chevron, Congress

Meredith Tabbone spent roughly $475,000 on her dream home in Sambuca di Sicilia. Mickey Todiwala | CNBC Make ItMeredith Tabbone knocked down several walls to open up her kitchen, dining and living areas. Mickey Todiwala | CNBC Make ItNow that her home is complete, Tabbone plans to spend four months out of the year in Sicily. Mickey Todiwala | CNBC Make ItOne of Meredith Tabbone's favorite features in her Sicily dream home is a dry-heat sauna in one of the guest bedrooms. Mickey Todiwala | CNBC Make ItOverall, she adds, she feels it's "important to preserve old buildings like this" that can't be recreated with modern materials or building sensibilities.

Persons: Meredith Tabbone, she's, Tabbone, Sambuca di Sicilia, Mickey Todiwala, Meredith Tabbone's, Don Draper, I've, splurged, It's Organizations: Sambuca, CNBC, Casa dell'Architetto Locations: Chicago, Italy, Sicilia, America, Tabbone, Sicily, Sambuca di, Sambuca

As inflation cools and the Fed lowers its benchmark rate, mortgage rates are expected to trend down in 2025. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates are expected to ease. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: homebuyers, you'll, Freddie Mac, it's, Fannie Mae Organizations: Fed, Federal Reserve, of Labor Statistics, Mortgage Research Center, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: U.S, Chevron

☆ College Football Playoff takeaways: Clemson kickstarts SMU-Alabama debate for final spot
▼ + stars: | 2024-12-07 | by ( The Athletic College Football | ) www.nytimes.com time to read: +20 min

… We just played a playoff game, basically, out there and played pretty dang good. And none of the three beat a better opponent than in their conference title game than No. Anything extra — like a Playoff win or two — seems like a bonus. But here’s why the circumstances surrounding Beck’s injury in Saturday’s SEC title game are different from the injury to Florida State’s Jordan Travis last year. — BakerGO DEEPER College Football Playoff 2024 projections: SMU favored over Alabama for final spot(Photo: Grant Halverson / Getty Images)

Persons: Ralph D, Russo, Matt Baker, Justin Williams, Joe Rexrode, Sam Khan Jr, Clemson —, Nolan Hauser, “ They’ve, ”, Rhett Lashlee, we’re, ” Lashlee, …, Dabo Swinney, — Khan, GmNL2hnoO0, Ashton Jeanty, — Russo, Watson, Trevor Lawrence, Quarterback Cade Klubnik, — Baker, Drew Allar, Tez Johnson, Dillon Gabriel, haven’t, Gabriel, didn’t, — Williams, — Organizations: Football, Saturday’s Power, Boise State, Power, —, Arizona State, Clemson, ACC, SMU, Tigers, Alabama, ” SMU, Athletic, Florida State, Mustangs, FBS, Vanderbilt, ESPN, Playoff, GmNL2hnoO0 — ACC Network, Big, SEC, Georgia, Broncos, Iowa State, Miami, South, Louisville, mulligans, Swinney’s, Penn State, Ducks, Nittany Lions, Lions, Rose, Ohio State Locations: — Oregon, Georgia, Arizona, Alabama, Oklahoma, Oregon, Syracuse, South Carolina, Ohio, Florida

☆ China's special forces are untested. Success in a Taiwan invasion could depend on them.
▼ + stars: | 2024-12-07 | by ( ) www.businessinsider.com time to read: +8 min

China's special forces have serious problems that would limit their effectiveness in a Taiwan war. AdvertisementIf China invades Taiwan, China's special forces would be key to its success, the first forces ashore to clear obstacles for inbound troops and then to scout for command centers and air defenses for airstrikes. China's SOF includes 15 army brigades, as well as special operations units in the People Liberation Army Marine Corps, Airborne Corps, and Rocket Force. AdvertisementBut China's special forces have serious problems that would limit their effectiveness in an assault on Taiwan. Still, despite their limitations, Chinese special forces could disrupt Taiwanese defenses enough to enable an amphibious assault to succeed.

Persons: esprit, John Chen, Joel Wuthnow, —, Chen, Wuthnow, it's, Michael Peck Organizations: China Maritime Studies, US Naval War College, Special, US Navy, Argentine, Royal Navy, U.S . Department of Defense, Operations Command, People Liberation Army Marine Corps, Airborne Corps, Rocket Force, People's Armed Police, Getty, PLA, Business, Brigade, Green Berets, SOF Forces, Delta Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Taiwan, China, U.S, Ukraine, Iran, South China, Forbes

☆ Don't try to be cool: 12 tips that'll make you better at small talk than most
▼ + stars: | 2024-12-07 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +6 min

Small talk can help you bond with an evasive CEO or hard-to-please in-law. Use 'support responses'People who are good at small talk use "support responses," Matt Abrahams, a Stanford University lecturer and communications expert, wrote last year. Nod moreBeing good at small talk usually means having a high emotional intelligence. When it happens, she has a "secret" for making small talk that anyone can use. Ask for adviceAn easy way to flatter someone while making small talk without offering up an outright compliment is to ask them for advice.

Persons: you've, bungle, John Bowe, Nicholas Epley, it's, Epley, Bowe, You've, Matt Abrahams, Abrahams, SuChin Pak, Britney Spears, Oprah, that's Organizations: CNBC, University of Chicago, intuit, Stanford University, Veteran, Harvard University, University of Pennsylvania

☆ 'All the pieces are in place for this bull market to end': A technical strategist who called the S&P 500's surge to 6,000 warns that stocks are a negative catalyst away from a 20% drop
▼ + stars: | 2024-12-07 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Tyler Richey called the S&P 500's surge to 6,000 back in February. AdvertisementBack in February, Tyler Richey laid out an argument for why the S&P 500 could climb all the way to 6,000. The Dow Jones Transportation Index had surged into the green for the year alongside the S&P 500, a sign that the economy was in a good place. And the S&P 500's relative-strength index had been above 70 for three weeks, which historically meant a rally could go on for much longer. Louis FedRichey's downside target is around 4,800, which would mean a 21% setback for the S&P 500 and a reversion to valuation norms.

Persons: Tyler Richey, Charles Schwab, Richey, isn't, Louis, Goldman Sachs, David Kostin, Rob Arnott, There's, David Rosenberg, Rosenberg Organizations: Dow Jones Transportation, JPMorgan, UBS, Trump, Board, Treasury, Consumers, Wall, Research

☆ Meet Kevin Weil, the Man Turning Sam Altman's Visions Into Reality
▼ + stars: | 2024-12-07 | by ( Melia Russell | Rob Price | ) www.businessinsider.com time to read: +14 min

The event, the AI infrastructure conference Ray Summit, had originally booked OpenAI's chief technology officer, Mira Murati, to speak. If Sam Altman is the starry-eyed visionary of OpenAI, Weil is its executor. That includes Weil, a relative OpenAI newcomer who joined in June and rapidly became one of its most notable ambassadors. Former colleagues say Kevin Weil was key to turning Twitter into a crucial arena for advertisers. That's far from the only struggle the product chief faces.

Persons: Kevin Weil, OpenAI, Weil, Robert Nishihara, Ray Summit, Mira Murati, Sam Altman, Altman, He's, James Everingham, Sarah Friar, OpenAI's, Adam Bain, Everingham, Underwood, Slack, Elizabeth, Ashley Johnson, Brian Ach, TechCrunch Weil, Katie Jacobs Stanton, Kevin Systrom, Snapchat, Systrom, Instagram, Vox, Dario, Daniela Amodei, Ilya Sutskever, Aravind Srinivas, Mira Murati's, Patrick T, Fallon, Jacobs Stanton, Horacio Villalobos, Corbis, Weil's, he's, there's, Niko Felix, Felix, Melia Russell Organizations: Marriott Marquis, Apple Watch, Ray, Facebook, Twitter, Planet, TechCrunch, CNBC, Meta, Wired, OpenAI, The New York Times, Ray Summit, Silvergate Bank, Getty, LinkedIn, Business Locations: downtown San Francisco, OpenAI, Instagram, Silicon Valley, California, Portola Valley, Central, ., Murati, ChatGPT, Seoul, Tokyo

☆ U.S. unveils $988 million aid package for Ukraine including rockets and drones
▼ + stars: | 2024-12-07 | by ( ) www.cnbc.com time to read: +1 min

The United States unveiled a $988 million aid package of new arms and equipment to Ukraine for its ongoing fight against Russia's invasion on Saturday. The USAI funds will be put toward buying ammunition for High Mobility Artillery Rocket Systems (HIMARS) made by Lockheed Martin as well as drones and spare parts to maintain artillery equipment, according to the Pentagon. The Biden administration has often used Presidential Drawdown Authority, which authorizes President Joe Biden to transfer excess articles and services from U.S. stocks without congressional approval during an emergency. The USAI funds are separate and will go to purchase new weapons from industry. Since the Russian invasion in February 2022, the U.S. has committed more than $62 billion worth of security assistance to Ukraine.

Persons: Lloyd Austin, Biden's, Biden, Lockheed Martin, Joe Biden, congressionally Organizations: Defense, House Appropriations, Department of Defense, Capitol, United, Russia's, Ukraine Security, Initiative, High Mobility Artillery Rocket Systems, Lockheed, Pentagon, Reagan National Defense, Authority Locations: Washington, United States, Ukraine, U.S, California, Russian

☆ We left corporate jobs and a 6-figure salary to travel full-time. It took years of saving.
▼ + stars: | 2024-12-07 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Haley and Shane Mahabadi left corporate jobs and a six-figure salary to travel full time. The married couple planned and saved for years before heading to Southeast Asia. Haley left her corporate job in 2023 and Shane left his this year so they could travel. Haley: After graduating college in 2019, we did a two-and-a-half month-long backpacking trip through Southeast Asia. AdvertisementHaley and Shane Mahabadi left corporate America and are traveling full time in Southeast Asia.

Persons: Haley, Shane Mahabadi, Shane, We've, we're, Shane Mahabadi Shane, we'd, I'd, I'm, we'll, That's Organizations: Dish Network Locations: Southeast Asia, Denver, Indonesia, Thailand, Vietnam, Philippines, America, Northern Vietnam

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