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☆ Travel news: Italy’s working visas are hard to get but some Americans manage it
▼ + stars: | 2024-11-23 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Villages and visasThe Italian village offering $1 homes to Americans upset by the US election result was one of our top stories on CNN Travel this week. Despite all the houses going on offer, working visas to Italy are still very limited. Over in the world of dairy, this year’s World Cheese Awards saw 4,786 cheeses from 47 countries assembled in the Portuguese city of Viseu to face judges’ scrutiny. The US agency might even have to slow air traffic down because of air traffic controller shortages, particularly in the Northeast.

Persons: Zeneba Bowers, Matt Walker, Chelsea Waite, ”, they’re, CNN Kim Morgan, Tom Latkovic, Lyme, Vang, tarantulas Organizations: CNN, FAA, CNN Travel, Federal Aviation Administration, Northeast . American Airlines, Spirit Airlines Locations: Italy, Sicily, Sardinian, Ollolai, Tennessee, Rome, California, Ham, Parma, Portuguese, Viseu, Kashmir, India, France, United States, Northeast, Europe, Laos, Vang Vieng, Britain

Here are eight health claims — with little or no scientific evidence to back them up — that Oz made over the years. Green coffee extract, the ‘magic weight loss cure’In 2014, Oz went to Washington to seek help fighting internet marketers who were using his name and image to sell weight loss products. Senators provided several examples from Oz’s own show, but much of the hearing focused on his claims about green coffee bean extract. The BMJ study from 2014 found that the majority of Oz’s health recommendations touched on nutrition and dietary advice. (The research shows no evidence that HCG is an effective weight loss tool.)

Persons: Donald Trump, Mehmet Oz, ”, he’s, Trump, Oz, Melania Trump, Kedric Payne, Richard Besser, Robert Wood Johnson, ” Besser, Dr, Besser, ” Karoline Leavitt, Vance, “ Dr, Trump’s, it’s, ’, Sen, Claire McCaskill, ” McCaskill, “, Joe Vinson, Bryan Burnham, Harriet Hall, kaempferol, —, Tim Sullivan, ” Sullivan, ” Oz, “ Life’s Organizations: Medicare, Medicaid Services, CMS, Robert Wood Johnson Foundation, U.S . Centers for Disease Control, NBC News, Federal Trade Commission, Washington Post, YouTube, Vox, The Washington Post, National Institutes of Health, Nutrition, Cancer, Drug Administration, FDA, CBS News, Business Locations: Washington, U.S, New Jersey

Generic drugs are the backbone of medicines prescribed in the U.S.: They account for about 90% of all prescriptions filled, according to the Association for Accessible Medicines, a trade group that represents generic drugmakers. Karoline Leavitt, a spokesperson on Trump’s transition team, declined to say whether Trump planned to grant an exemption on generic drugs. According to the American Society of Health-System Pharmacists, a group that tracks drug shortages, there are 277 active drug shortages in the U.S., half of which have persisted for two or more years. That’s different from generic drugs, which are cheaper and are often sold at close to the cost for which they were made, he said. What concerns Kesselheim the most is that tariffs could cause generic drug prices to skyrocket should more generic drug manufacturers drop out.

Persons: Donald Trump, Trump, Aaron Kesselheim, Janet Woodcock, ” Woodcock, Arthur Caplan, you’ve, ”, drugmakers, Woodcock, Karoline Leavitt, Leavitt, ” Kesselheim, Hurricane Helene, “ Organizations: Harvard Medical School, Association for Accessible Medicines, Food and Drug Administration, NYU Langone Medical, American Society of Health, System, Baxter International Locations: China, U.S, India, New York City, Hurricane, North Carolina, Indonesia, United States

Were Trump to follow through on his vow to impose tariffs on imports on Europe as well as from China, they would likely deviate further. There is also uncertainty across the continent about what the new White House will mean for the war in Ukraine. In their view, China could help to pressure Russia over Ukraine as Xi loses patience with a war he did not expect would drag on for almost three years. One senior European diplomat said that while China has never explicitly condemned Russia’s invasion of Ukraine, it has helped in other ways to rein in Moscow. continues to say that Ukraine will negotiate when Ukraine wants to negotiate,” another European official said, “and that the E.U.

Persons: Donald Trump, don’t, Trump, Vladimir Putin, “, Olaf Scholz, Putin, Sydney Walsh, Volodymyr Zelenskyy, ‘, Mike Waltz, Xi, Sergey Bobylev, ”, Keir Starmer, Xi Jinping, Starmer, Jimmy Lai, Scholz, Emmanuel Macron, David Lammy, Wang Yi, Liu Bin, Joe Biden, Wu Xinbo, ” Wu, ” Cao Lei, Kim Jong, trickier, ” Keir Simmons, Jennifer Jett Organizations: NBC, Union, NBC News, “, U.S, Economist, Chinese Communist Party, Getty Images, ”, Group, British, Xinhua News Agency, Getty, Trump, Center for American Studies, Fudan University, University of Hong Kong’s, Contemporary, Foreign, South China Locations: DUBAI, United Arab Emirates, Beijing, Brussels, China, Europe, Ukraine, we’ll, Kazan, Russia, Anadolu, South, Taiwan, Moscow, Rio de Janeiro, Britain, Hong Kong, British, Shanghai, “, Contemporary China, “ China, European, North Korea, U.S, Dubai

☆ China is armed and ready for trade war 2.0 with Donald Trump
▼ + stars: | 2024-11-22 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was riding high. There was even talk it could soon overtake the United States as the world’s largest. But last year, Mexico overtook China as the top exporter of goods into the United States, according to the Commerce Department. China had held that perch for 20 years before its exports to the United States fell by 20% to $427 billion last year. Women walk at a fashion accessories store displaying a poster to promote Singles' Day discounts at a shopping mall in Beijing, China, on November 11, 2024.

Persons: Donald Trump, Trump, ”, Dexter Roberts, Joe Biden, Matthews, Wang Shouwen, ” Andy Rothman, “, Liza Tobin, Calvin Klein, Tommy Hilfiger, Beijing’s, don’t, Sean Callow, Callow, Andy Wong, Rothman, Xi Jinping, Larry Hu Organizations: Hong Kong CNN —, Trump, Atlantic Council, Commerce Department, Matthews Asia, Treasury, CNN, PVH Corp, Bain & Company, ITC Markets, US, Peterson Institute, National Bureau of Statistics, Gross, Macquarie Bank Locations: China, Hong Kong, Beijing, United States, Mexico, Lianyungang, US, Xinjiang, —, Shanghai, New York, “

☆ Many of the knee jerk Trump trades are pretty extreme, says Jim Cramer
▼ + stars: | 2024-11-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMany of the knee jerk Trump trades are pretty extreme, says Jim Cramer'Mad Money' host Jim Cramer looks at the state of the Trump trade.

Persons: Jim Cramer, Trump

☆ I stayed in Royal Caribbean's 'promenade' cabin for the first time. The window wasn't perfect, but it was worth the upgrade.
▼ + stars: | 2024-11-22 | by ( Brittany Chang | ) www.businessinsider.com time to read: 1 min

AdvertisementRoyal Caribbean launched Utopia of the Seas, the second-largest cruise ship in the world, in July. I spent three nights in the ship's Royal Promenade-facing interior cabin. It was better than having no window, but don't expect natural light or silent nights. These savings come with a trade-off — they're often windowless and dingy, with no natural light to be found. Royal Caribbean has found a way to give cruisers the best of both worlds, in theory at least.

Locations: Royal Caribbean

☆ China says it is willing to talk with U.S. to push forward bilateral trade
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +1 min

China is willing to conduct active dialogue with the United States based on the principles of mutual respect and promote the development of bilateral economic and trade relations, vice commerce minister Wang Shouwen said on Friday. China is willing to conduct active dialogue with the United States based on the principles of mutual respect and promote the development of bilateral economic and trade relations, vice commerce minister Wang Shouwen said on Friday. "We believe that China and the U.S. can maintain a stable, healthy, and sustainable development trend in economic and trade relations," Wang said at a press conference in Beijing. China is also willing to "expand areas of cooperation and manage differences" with the U.S., Wang said. Economists polled by Reuters believe the United States could impose nearly 40% tariffs on imports from China early next year, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point.

Persons: Wang Shouwen, Wang, Donald Trump Organizations: United, International Trade Representative, U.S, Reuters Locations: China, United States, U.S, Beijing, Southeast Asia

☆ HSBC names 2 China stock picks for 2025 — and gives one over 70% upside
▼ + stars: | 2024-11-22 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chinese markets are "turning a corner" following a series of government stimulus measures , HSBC said, naming its top stock ideas for 2025. Here are two of the stocks HSBC likes: KE Holdings HSBC is bullish on real estate player KE Holdings (or Beike), and considers it a key beneficiary of "China's 2025 inflection point." KE Holdings "has the highest earnings sensitivity to a recovery in property sales in both the primary and secondary markets," he added. KE Holdings' shares are listed on the Hong Kong Exchange and trade as an American Depositary Receipt (ADR) in the U.S. under the ticker BEKE . Hongfa Technology HSBC is also bullish Hongfa Technology and has a target price of 48.10 Chinese yuan ($28.30) on the stock, giving it around 50% upside.

Persons: Oliver Yu, Goldman Sachs, Morgan Stanley, Yu, Corey Chan, Chan, — CNBC's Michael Bloom Organizations: HSBC, KE Holdings HSBC, Holdings, HSBC Global Research's, Real, KE Holdings, Hong Kong Exchange, Hongfa Technology HSBC, Technology, HSBC Qianhai Securities, Shanghai Stock Exchange, iShares Global Tech ETF, Fidelity MSCI Locations: China, U.S

☆ Mike Shatzkin, Colorful Publishing Industry Guru, Dies at 77
▼ + stars: | 2024-11-22 | by ( Michael S. Rosenwald | ) www.nytimes.com time to read: +1 min

Mike Shatzkin, a charismatic publishing consultant who counseled industry figures on nearly every facet of the trade, from inventory management to supply-chain quandaries to the seismic paper-to-digital transformation of book selling, died on Nov. 7 in Manhattan. His death, at a hospital, was caused by complications of a rare and untreatable form of lymphoma, said his wife, Martha Moran. As the founder of the Idea Logical Company, he mentored publishing executives, served as a go-to expert for reporters and was a popular speaker at conferences. His blog, The Shatzkin Files, was an essential read for industry insiders — if they could keep up with his output. (“I type 100 words a minute,” he once boasted.)

Persons: Mike Shatzkin, Martha Moran, Coke, Shatzkin Locations: Manhattan, Midtown Manhattan

☆ Trump's trade policies will boost inbound investments & improve exports, says Hermes' Steve Auth
▼ + 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 EmailTrump's trade policies will boost inbound investments & improve exports, says Hermes' Steve AuthSteve Auth, Federated Hermes equities CIO, joins CNBC's 'The Exchange' to discuss expectations for how Trump's trade policy will impact U.S. markets.

Persons: Hermes, Steve Auth Steve Auth Organizations: Hermes

☆ Opinion | We Wanted a New Republican Party. Trump Delivered.
▼ + stars: | 2024-11-22 | by ( Ross Douthat | ) www.nytimes.com time to read: +55 min

Barack Obama was elected president, and the mood in the Republican Party picked up on the mood you’ve already described. But in the end, what he did electorally was not in that election to build the pan ethnic working class Republican Party. But at the very least, there was the conventional wisdom was that the Republican Party had to move substantially to the left on immigration. I just think that if the Republican Party is not the party of private property and wealth building, so I don’t think. Is there any chance that the Republican Party is about to not be the party of private property and wealth building No, no, I think you’re right.

Persons: I’m Ross Douthat, Donald Trump didn’t, Trump, I’ve, Reihan Salam, Reihan, George W, I’m, pry, Ross, Ross Douthat, let’s, Bill Kristol, Bush, Boomer, Giuliani, Ronald Reagan, wasn’t, Bill O’Reilly, Ross Reihan, Bush’s, Barack Obama, Obama, That’s, Mitt Romney, Paul Ryan, Ryan, Rush Limbaugh, notionally, Jeb Bush, Marco Rubio, Bill Clinton, Donald J, Let’s, it’s, It’s, ”, Donald Trump, Rudy Giuliani, Will, electorally, Romney, we’d, didn’t, Pat, John McCain, Frank, Kavanaugh, Trump’s, George Floyd, Biden, hadn’t, progressivism, premised, ender, New Party ”, ryan, neoliberals, Steve Bannon, Steve Moore, we’re, Moore, Bannon didn’t, COVID, JD Vance, Elon Musk, Musk, he’s, Vance, hasn’t, Clinton, Hillary Clinton, Margaret Thatcher’s, Reagan, Roosevelt, Republican policymaking, we’ve Organizations: New York, Republican Party, Manhattan Institute for Policy Research, New Party, New York Times, Harvard Institute of Politics, Harvard, The, Democratic, Great Society, Republicans, Republican, Reagan Democrats, Tribune, Trump, Perot, Tea Party, Party, Social Security, Grand New Party ”, Romney, Obama Trump voters, GOP, Amnesty, Reagan, Biden, American, America, romney, Infrastructure, Clinton Democrat, Uc Locations: Washington , DC, Northwestern, Washington ,, New York, Washington, Iraq, America, “, China, American, United States, Clinton, it’s, Nevada

☆ The S&P 500 could see another big year in 2025, if history is any guide
▼ + stars: | 2024-11-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Investors should brace themselves for another big move next year, according to an analysis of historical data from Bank of America. The S & P 500 is up 24.7% in 2024 and on track for its second straight year with a gain of more than 20%. After rising 31% and 38% in 1927 and 1928, respectively, the S & P 500 lost 12% in 1929 and another 28% in 1930, Hartnett said. The last time the S & P 500 posted back-to-back 20% annual gains was in the 1990s, soaring 34% in 1995 and 20% in 1996. Hartnett noted that the "secret sauce" for the S & P 500 to avoid some of the sharp reversals seen before is a decline in Treasury yields.

Persons: Michael Hartnett, wasn't, Hartnett, Donald Trump, Goldman Sachs, Goldman Organizations: Bank of America Locations: U.S

☆ Investor focus shifts to rate cut outlook on Thanksgiving week, with Fed minutes and inflation data ahead
▼ + stars: | 2024-11-22 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The interest rate outlook will come back into focus next week with key inflation data and Federal Reserve meeting minutes coming out ahead of Thanksgiving, as investors wrap up a major month for markets following President-elect Donald Trump's election victory. The October personal consumption expenditure (PCE) price index set to release Wednesday could dent already-dimming hopes for a December rate cut if it comes in hotter than expected. The inflation rate is expected to have increased 0.2% month over month and 2.3% year on year. Rosy expectations Even with the interest rate cut expectations coming in, investors are optimistic on the direction for stocks to close out the year and into 2025. Goldman Sachs' David Kostin this week said he expects the S & P 500 can end next year at 6,500.

Persons: Donald Trump's, —, Luke O'Neill, Stocks, O'Neill, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Tom Hainlin, Jeff Cox Organizations: Federal Reserve, Alpha Fund, Nasdaq, Dow Jones, BMO, UBS, Bank Asset Management, Dell Technologies, Chicago, New, Richmond Fed, Devices, Autodesk, PCE Deflator, Chicago PMI Locations: U.S, Chicago

☆ The Trump trade showed its resilience this week
▼ + stars: | 2024-11-22 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Small-cap stocks were one of the biggest winners on Wall Street this week, serving as a prime example that the Trump trade is alive and well after a brief pause . Small caps were not the only components of the Trump trade that had strong gains this week. According to Tom Fitzpatrick, managing director at R.J. O'Brien & Associates, all signs point toward the Trump trade staying strong. Tesla, other stock components of the Trump trade Electric vehicle stock Tesla advanced nearly 10% this week. "I believe energy still has a lot to prove and the Trump trade didn't work out as well as investors thought it supposed to over his first term."

Persons: Trump, Russell, Donald Trump, Tom Fitzpatrick, Fitzpatrick, Bitcoin, Gary Gensler, Tesla, Elon Musk, Vivek Ramaswamy, Halliburton, Jay Woods, Woods Organizations: Nasdaq, Dow Jones, Investors, Trump, Tesla, Trump Media & Technology Group, Halliburton, U.S . Steel, O'Brien & Associates, CNBC, U.S, Securities and Exchange Commission, Freedom Capital Markets . Energy

☆ Citadel's Ken Griffin considers selling minority shares whilst handing out political advice to Trump
▼ + stars: | 2024-11-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, billionaire Ken Griffin has some advice for President-elect Donald Trump, including a suggestion for his Treasury pick . While speaking Thursday at the Economic Club of New York, Griffin said he appreciates the importance of those issues to Americans but said aggressive tactics to address them could make things work. Griffin is one of the biggest donors to the Republican Party, but declined to publicly endorse either presidential candidate this year. AdvertisementModeration hasn't been the name of the game for Trump with some of his proposed policies. AdvertisementHe said he'd be open to selling a minority stake in his hedge fund to the right partner.

Persons: it's, Ken Griffin, Donald Trump, Trump Ken Griffin, Mike Blake, Insider's Bradley Saacks, Michelle Abrego, Griffin, Manny Roman, Trump, Marc Rowan, Rowan, Alexander Tamargo, Thoma Bravo Griffin, he'd, Zalubowski, Chelsea Jia Feng, Elon, Paul, Tyson, Megyn Kelly, Tucker Carlson Ron Antonelli, Chip Somodevilla, Rebecca Zisser, Tucker Carlson, Bari Weiss, BI's Peter Kafka, Chris Balfe, Ridley Scott's, You've, Dan DeFrancesco, Jack Sommers, Grace Lett, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Treasury, Trump, Citadel, Milken, Global Conference, Reuters, Economic, of New, Republican Party, Citadel Securities, Sequoia, Millennium Management, BlackRock, Chelsea, Getty, Netflix, Bank of America, NY Daily, Fox News, Auto, Ford, GM, Volkswagen Locations: Beverly Hills , California, U.S, of New York, Montreal, New York, London, Chicago

☆ Salesforce CEO Benioff rips Microsoft's AI efforts. Here's why we're not picking sides
▼ + stars: | 2024-11-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

In the emerging AI software battle between Microsoft and Salesforce , investors do not need to pick a side. The announcements came roughly one year after the tech giant launched a suite of AI assistant tools called Microsoft 365 Copilot. Both companies leaning into AI agents is notable because Salesforce CEO Marc Benioff has not been hesitant to attack Microsoft's competing AI offerings. Salesforce stock is up 28% year to date versus Microsoft's roughly 9% gain since the start of 2024. I don't want to go against Microsoft," Jim said.

Persons: Jim Cramer, —, Marc Benioff, Benioff, who's, Satya Nadella, Nadella, They're, We've, Salesforce, Slack, Agentforce, Jim, it's, Jim Cramer's, Salesforce's Dreamforce, Justin Sullivan Organizations: Microsoft, Deutsche Bank, Club, CNBC, Getty Locations: Agentforce, Salesforce's, Mulesoft, San Francisco , California

New face, same goals? Heads in Washington are still spinning after Donald Trump named Pam Bondi as his choice for attorney general, just hours following Matt Gaetz’s withdrawal from consideration. Bondi, a former Florida attorney general and close ally of the president-elect, would most likely share his and Gaetz’s goal of shaking up the Justice Department. But the switcheroo also raises questions about how willing Republicans might be to push back against the more divisive elements of the Trump agenda. What to know: As Florida’s attorney general, Bondi participated in efforts to overturn the Affordable Care Act and the legalization of marijuana, as well as a multi-state lawsuit against Purdue Pharma, the maker of OxyContin.

Persons: Donald Trump, Pam Bondi, Matt Gaetz’s, Trump, Bondi, Brian Ballard — Organizations: Justice Department, Purdue Pharma, Republican, General Motors, Trump Locations: Washington, Florida

☆ T.J. Maxx is in prime position to benefit from Trump's trade policies
▼ + stars: | 2024-11-22 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementT.J. Maxx is set to benefit from Trump's proposed tariffs on imports. T.J. Maxx could end up benefiting from Trump's suggested tariffs. Related Video Truth Social just brought Trump a $4 billion windfall, but experts aren't soldThis means more opportunities for T.J. Maxx to buy stock as excess inventory kicks around the market. For consumers forced to trade down or priced out of their usual retail spots, T.J. Maxx might present itself as the perfect option. AdvertisementTJX, the parent company of T.J. Maxx, Marshall's, and Home Goods, beat Wall Street's estimates in the third quarter, reporting revenue of $14.1 billion, up 6% from the previous year.

Persons: Maxx, Trump, aren't, Chris Walton, Lorraine Hutchinson, Neil Saunders Organizations: Target, Omni, Bank of America, Home Goods, GlobalData Locations: T.J, China

☆ The portfolio's biggest stock winners — and laggards — for the week
▼ + stars: | 2024-11-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The stock market is wrapping up a good week, with the S & P 500 on Friday pacing for its fifth straight session of gains. Next week: It's a holiday-shortened week with markets closed Thursday for Thanksgiving and closed early (1 p.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, industrials, Coterra, We're, Blackwell, CrowdStrike, Robert F Kennedy, we'll, JM Smucker, Jim Cramer's, Jim Organizations: CNBC, ., Walmart, Costco, Utilities, Nvidia, Coterra Energy, Technology, Enterprise, Department of Health, Human Services, Department of Justice, Google, Chrome, Burlington Stores, Dick's Sporting Goods, JM, Abercrombie, Fitch, Dell Technologies, HP Inc, Federal, Jim Cramer's Charitable, Traders, New York Stock Exchange, NYSE Locations: New York City

☆ Watch CNBC's full interview with Steve Auth, Federated Hermes equities CIO
▼ + 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 CNBC's full interview with Steve Auth, Federated Hermes equities CIOSteve Auth, Federated Hermes equities CIO, joins CNBC's 'The Exchange' to discuss expectations for how Trump's trade policy will impact U.S. growth.

Persons: Steve Auth Organizations: Hermes

☆ Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary
▼ + stars: | 2024-11-22 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a seasoned market pro and a close Trump loyalist in a critical economic position. As head of Treasury, Bessent, 62, will be both the U.S. fiscal watchdog as well as a key official to help Trump enact his ambitious economic agenda. Like Trump, Bessent favors gradual tariffs and deregulation to push American business and control inflation. The Treasury secretary is the lynchpin for the White House economic agenda. Others close to the president-elect think Bessent has not been rigorous enough in his support for tariffs, though Warsh also has made public statements against the levies.

Persons: Scott Bessent, Donald Trump, Kevin Warsh, Marc Rowan, Trump, Bessent, George Soros, Soros, Jerome Powell's, Warsh, Janet Yellen, Elon Musk, Cantor Fitzgerald, Howard Lutnick Organizations: Key, Trump, Group, Treasury, Wall, World's, Investors, Yale University, Rockefeller University, Preservation, Wall Street, Federal Reserve, Federal, National Economic Council, White Locations: Washington , DC, U.S, Bessent

☆ 5 reasons why a Roth IRA is a 'no-brainer' for 'anyone in their 20s,' from certified financial planners
▼ + stars: | 2024-11-22 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

It's a "no-brainer" for "anyone in their 20s," says Eustache Clerveaux, a certified financial planner and senior analyst at Hudson Financial Group. This includes Roth 401(k)s. But for younger workers who don't have access to a workplace plan, a Roth IRA can be a great way to start building wealth. Like a 401(k), Roth IRA contributions benefit from compound interest, where your money and its returns grow together over time. Younger investors are less likely to hit Roth IRA income limitsOne key reason to start investing in your 20s is that you're more likely to qualify for a Roth IRA. This makes it an ideal time to pay taxes upfront on Roth IRA contributions.

Persons: Young, Roth, Eustache Clerveaux, Here's, You've, Stephen Maggard, you've, William Michael Lofley Organizations: Hudson Financial, Roth IRA Locations: South Carolina, Florida

☆ 3 of Trump's top cabinet-level picks recently worked as lobbyists, with clients ranging from Amazon to Qatar
▼ + stars: | 2024-11-22 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Susan Wiles, Trump's incoming chief of staff, maintained ties to a lobbying firm until this month. Sean Duffy, Trump's pick for Transportation secretary, has lobbied for a group of major airlines. The EPA, under Obama, Trump, and Biden's administrations, have repeatedly opposed efforts to mine in the bay, home to one of the world's largest salmon fisheries. Starting not long after he left Congress in 2019, Duffy lobbied for Polaris, a US auto manufacturer known its off-road and recreational vehicles. ProPublica previously reported that Duffy lobbied White House trade adviser Peter Navarro as Polaris sought to win exemptions to tariffs on the parts it was importing.

Persons: Donald Trump's, Susan Wiles, Sean Duffy, Trump's, Donald Trump, Susie Wiles, Pam Bondi, Wiles, Duffy, Uber —, Bondi, Ballard, Trump, Jeff Hauser, Brian Ballard, Alaska . Sen, Lisa Murkowski, Obama, Peter Navarro, Ron Klain, Biden's, Fannie Mae, Steve Ricchetti, Biden, Jeff Ricchetti, Barack Obama, Hauser, Hauser isn't, " Hauser Organizations: Washington, Incoming White House, Amazon, GM, MetLife, Fidelity National Financial, Ballard Partners, Trump, Republican, The New York Times, Alaska ., Alaska Republican, Partnership, EPA, Federal Aviation Administration, United, Polaris, White, General Motors, Uber, Fidelity, North, Major League Baseball, Biden, Raytheon, Politico Locations: Florida, Riyadh, Saudi Arabia, Trump, Alaska, North America, Bondi, Washington

☆ 'Fast Money' traders talk divergence in tech trade in second half of the year
▼ + 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 Email'Fast Money' traders talk divergence in tech trade in second half of the yearThe 'Fast Money' traders talk divergence in software and semiconductor stocks.

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