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☆ Lionel Messi’s former teammate Javier Mascherano announced as new Inter Miami head coach
▼ + stars: | 2024-11-26 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —Former Argentina captain Javier Mascherano will be Inter Miami’s new head coach, the club announced on Tuesday. Mascherano will reunite with legendary forward Lionel Messi, who he played alongside for the national team and spent almost eight years with at Barcelona. This will be Mascherano’s first senior managerial position, having previously coached the Argentina Under-20 national team. “To be able to lead a Club like Inter Miami is an honor for me, and a privilege I will strive to make the most of. I was drawn to the organization’s undeniable ambition, and the infrastructure it has to support it,” Inter Miami’s new head coach said in Tuesday’s statement.

Persons: Javier Mascherano, Mascherano, Lionel Messi, Gerardo Martino, “, David Beckham, Javier, ” Beckham, Messi, Jordi Alba, Luis Suárez, Sergio Busquets, Grigory Dukor, Reuters Mascherano Organizations: CNN, Argentina, Inter, Inter Miami, ” Inter, ” Inter Miami, “, Miami, Buenos, Brazilian, Corinthians, English, Liverpool, Catalan, Spanish La Liga, Copa del Rey, Champions League, Reuters, Chinese Super League, Hebei, Hebei China Fortune, Estudiantes, Messi, Major League Soccer, FIFA Club, MLS, Atlanta United Locations: Barcelona, Argentina, France, Buenos Aires, West Ham, Hebei China

☆ Huawei launches first phones capable of running its new self-developed operating system
▼ + stars: | 2024-11-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

The phones are the first capable of running Huawei's new operating system called HarmonyOS NEXT. The Mate 70 is the successor of the Mate 60, which was released last year and sent shockwaves through the tech and political worlds. Huawei was separated from Google's Android operating system in 2019, forcing the Chinese tech giant to develop its own software. The Mate 70 series comes in three varieties — the Mate 70, Mate 70 Pro and Mate 70 Pro+. The Mate 70 starts at 5,499 ($759) Chinese yuan, while the Mate 70 Pro+ starts at 8,499 yuan.

Persons: Richard Yu, Will Wong Organizations: Huawei, Huawei Huawei, Tuesday, HarmonyOS NEXT, IDC, CNBC, Apple, Apple Intelligence Locations: Shenzhen, U.S, China

☆ Pakistan Deploys Army as Deadly Clashes Erupt with Imran Khan Supporters
▼ + stars: | 2024-11-26 | by ( Salman Masood | ) www.nytimes.com time to read: +1 min

Pakistan deployed its army within the nation’s capital on Tuesday with orders to shoot protesters if necessary, as deadly clashes escalated between the police and supporters of former Prime Minister Imran Khan. The government said that at least six members of the security force had been killed in the violence, as thousands of protesters marched to Islamabad to demand his release from prison. Patriotic songs blared from vehicles, and supporters of Mr. Khan danced in front of the slow-moving convoy, some chanting, “Revolution! Revolution!”Mr. Khan, an enormously popular politician and former cricket star who has been jailed since August of last year, called for the demonstration over the weekend. Pakistan’s military-backed civilian government put the capital on lockdown, blocking major highways and suspending cellular and internet services in several areas.

Persons: Imran Khan, Mr, Khan Locations: Pakistan, Islamabad

☆ Dick's Sporting Goods posts robust holiday guidance
▼ + stars: | 2024-11-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

The Dick's Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California. Dick's Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an "excellent" back-to-school shopping season and better-than-expected comparable sales for its third quarter. The sporting goods giant is now expecting fiscal 2024 same-store sales to grow between 3.6% and 4.2%, up from a previous range of 2.5% to 3.5%. Dick's said the strong quarter led it to also raise its full-year sales and earnings guidance. It's now expecting full-year earnings per share to be between $13.65 and $13.95, ahead of previous guidance of $13.55 to $13.90.

Persons: Lauren Hobart, Hobart, StreetAccount, Dick's, It's Organizations: Dick's Sporting Goods, LSEG Locations: Daly City , California

☆ HP forecasts Q1 profit below estimates on sluggish demand in PC market
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: +2 min

HP forecast its first-quarter profit below Wall Street expectations on Tuesday, in a sign of persistent choppiness in demand in the personal computers market. PC makers have seen demand retreat from its peak during the pandemic, when customers stocked up on tech products. AI PCs have not boosted the overall PC demand as "buyers have yet to see their clear benefits", Gartner analyst Mikako Kitagawa said. The PC maker's adjusted profit 93 cents per share met expectations. For the fiscal 2025, the company forecast its adjusted profit to be between $3.45 and $3.75 per share, the midpoint of which is in line with analysts' estimate.

Persons: Mikako Kitagawa, LSEG, Karen Parkhill Organizations: Hewlett, Packard, HP, Gartner, IDC Locations: Palo Alto , California

☆ Majority of social media influencers don’t verify information before sharing it, study finds
▼ + stars: | 2024-11-26 | by ( Liam Reilly | ) edition.cnn.com time to read: +6 min

According to the UNESCO study, 62% of surveyed creators said they don’t vet the accuracy of content before sharing it with their followers. The study comes in the wake of the 2024 US presidential election, in which social media influencers played a key role as an information source for voters. During the campaign, President-elect Donald Trump and Vice President Kamala Harris harnessed social media influencers and podcasters with millions of followers, including Joe Rogan and Alex Cooper, to appeal directly to voters. And a separate survey from Pew found that more than half of American adults “at least sometimes” get their news from social media. Online influencers generally do not rely on official sources of information, such as government-issued reports and documents, the UNESCO study found.

Persons: influencers, Donald Trump, Kamala Harris, Joe Rogan, Alex Cooper, ”, Pew, ” Zhang Zhaoyuan, Kassy Cho, Instagram, Influencer, Trump, Tim Pool, Benny Johnson, Dave Rubin —, Elon Musk’s, Musk Organizations: New, New York CNN, UNESCO, ” UNESCO, Pew Research Center, Tenet Media, Justice Department, YouTube, Google, Facebook Locations: New York, China, Springfield , Ohio, Russia, Social

☆ Neuralink wants to hook up its brain implant to a robotic arm
▼ + stars: | 2024-11-26 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

AdvertisementNeuralink is launching a trial to see if patients can use its brain implant can control a robot arm. Musk previously said Neuralink could be combined with robotic limbs to create a "Luke Skywalker solution." Neuralink has successfully implanted its brain chip in two human patients — and now it wants to hook it up to a robotic arm. Elon Musk's brain implant startup said on Monday that it was launching a trial to test whether patients could use the Neuralink implant to control an "investigational assistive robotic arm." But using Neuralink's brain implant to control robotic limbs has long been part of Elon Musk's vision for the company.

Persons: Elon Musk's, Musk, Luke, Neuralink, Elon Organizations: Convoy, Bluetooth Locations: Elon

☆ Social media creators turn to subscription apps due to increasingly competitive, volatile content economy
▼ + stars: | 2024-11-26 | by ( Zach Vallese | ) www.cnbc.com time to read: +2 min

Social media creators are turning to monthly subscription services to generate revenue directly from their followers in an attempt to find a stable source of income in an increasingly competitive and volatile market. The creator economy peaked in September 2021, according to research published this month by the Bank of America Institute. While the average monthly income for content creators has increased over the past three years, a typical, full-time U.S. employee makes five times as much in monthly income on average. While internet virality is unpredictable, turning content creation into a full-time career requires meeting certain financial needs, like the ability to pay monthly bills, content creators told CNBC. Since its launch in 2013, Patreon has paid creators over $8 billion, while Substack claims to host more than 4 million paid subscribers.

Persons: Patreon, Substack, Meta's Instagram, Molly Burke Organizations: Bank of America Institute, Bank of America, CNBC

☆ Best Buy CEO says higher costs from tariffs would mean higher prices for shoppers
▼ + stars: | 2024-11-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

AdvertisementBest Buy is bracing for Trump's proposed tariffs on imports from China and Mexico. Barry said consumers typically bear some of any added costs in the form of higher prices. Best Buy is bracing for the impact of Donald Trump's proposed tariffs on imports from China and Mexico — especially as the vast majority of items it sells come from the two countries. "There's very little in the consumer electronics space that is not imported," Barry said. Advertisement"We see that the customer ends up bearing some of the cost of the tariffs," Barry said.

Persons: Corie Barry, Barry, Donald Trump's, Trump Locations: China, Mexico, Canada, Goods

☆ Intel awarded $7.9 billion from the CHIPS Act ahead of Trump's second term
▼ + stars: | 2024-11-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The US Department of Commerce announced the grant, part of the CHIPS Act, on Tuesday. President-elect Donald Trump has criticized the CHIPS Act in favor of tariffs. Intel is receiving about $7.9 billion in federal grants, the US Department of Commerce said Tuesday, as the Biden administration finalizes CHIPS Act agreements ahead of Donald Trump taking office. President-elect Trump has previously criticized the CHIPS Act and suggested he would prefer tariffs to incentivize semiconductor manufacturing on US soil. The CHIPS Act cash will help Intel boost its semiconductor production in the US.

Persons: Biden, Donald Trump, Joe Biden's, Trump, Gina Raimondo, Pat Gelsinger Organizations: Intel, US Department of Commerce, Department of Commerce, New York Times, Bloomberg, Street, Qualcomm Locations: Arizona , New Mexico , Ohio, Oregon

☆ Thanksgiving weather and travel: A storm, cold and lake-effect snow could cause issues.
▼ + stars: | 2024-11-26 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

TuesdayA quick-moving storm is bringing rain to parts of the East Coast while a few snowflakes fall around the Great Lakes. High elevation snow will bury areas from California’s Sierra Nevada to the Colorado Rockies while rain falls at lower elevations. Conditions will ease throughout the day for California and Nevada but sloppy weather will persist farther east, especially in Utah and Colorado. Dreary weather will extend from the Gulf Coast to the Northeast as the storm that formed late Wednesday pushes east. The Thanksgiving day storm will largely be out of the East by sunrise but lake-effect snow will start up for areas downwind of the Great Lakes as Arctic air rushes over the record-warm lakes.

Persons: Philadelphia hasn’t, Taylor Ward Organizations: CNN, Colorado Rockies, Central and, East, Eastern Seaboard, Dakotas, Philadelphia, New, Center Locations: Here’s, East, Great, New York City, Boston, Sierra Nevada, Central, Central and Southern California, California, Nevada, Utah, Colorado, Mississippi, Illinois, Pennsylvania, New York, New Mexico, Denver, Gulf, New England, Chicago, North Dakota

☆ The Fed's favorite inflation gauge is out Wednesday. It could show some bad news on prices
▼ + stars: | 2024-11-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

At a time when most Federal Reserve officials see lower interest rates head, a key report on Wednesday is expected to show inflation drifting further away from target. The Commerce Department will release the October look at its personal consumption expenditures price index, the Fed's primary yardstick to measure the pace of price increases. "Recent data show progress on inflation has slowed," Brett Ryan, senior U.S. economist at Deutsche Bank, said in a note. "Recent wage data shows gains remain elevated and suggests core inflation is unlikely to cool near the Fed's 2% target," BlackRock experts said Monday in their weekly market note. "Markets have been pricing out Fed rate cuts — and moving closer to our view — as it becomes clearer that inflation pressures could prove persistent."

Persons: Dow Jones, What's, Donald Trump's, Brett Ryan Organizations: Federal, Commerce Department, Deutsche Bank, BlackRock

☆ Walmart Pulls Back on D.E.I. Initiatives Amid Conservative Pressure
▼ + stars: | 2024-11-26 | by ( Lauren Hirsch | More About Lauren Hirsch | ) www.nytimes.com time to read: +1 min

The company will also stop funding the Center for Racial Equity, a nonprofit initiative that Walmart has backed with $100 million, when the agreement expires next year. And the company will stop sharing data with the Human Rights Campaign, a nonprofit that tracks businesses’ L.G.B.T.Q. Mr. Starbuck has waged online campaigns against several companies whose policies he deems to be too “woke.” While Mr. Starbuck is benefiting as much from a trend to reverse D.E.I. Walmart represents a different kind of company: one with employees and customers on both sides of the political divide. “America just voted, and we voted against ‘wokeness,’” Mr. Starbuck said in a video posted on X, as he announced his next targets: Amazon and Target.

Persons: Starbuck, Donald J, ” Mr, John Deere, ‘ wokeness, ’, Mr Organizations: for Racial Equity, Walmart, Human Rights, Tractor Locations: United States, America

☆ Couple launched a T-shirt side hustle that got endorsed by Oprah—their business could bring in $300,000 this year
▼ + stars: | 2024-11-26 | by ( Natalie Wu | ) www.cnbc.com time to read: +2 min

Ashley Green learned that when she was 21 years old: Her mom died suddenly, leaving her with only one picture of them together. The lesson inspired her and her husband Kenny Green to start a clothing company, Kaans Designs, while she was on maternity leave in 2014. Kaans Designs sells matching sets of shirts and apparel made for families' "perfect photo op," according to the company's website. On "Shark Tank," the Greens asked the show's panel of investor judges for $75,000, in exchange for a 15% equity stake in Kaans Designs. Their small business is profitable, they said — making $44,000 last year — and it's appeared on Oprah Winfrey's "favorite things" list twice.

Persons: Ashley Green, Kenny Green, Ashley, Kenny, sweatshirt, it's, Oprah Winfrey's Organizations: Kaans, Greens, CNBC Locations: Fort Wayne , Indiana

This spiraled into a diss-track war in April and May, with Cole, Drake, Rick Ross, and Lamar all releasing new songs. Later in the track, Drake references Cole's diss track and apology. Evan Agostini/Invision/APLater in the track, Drake raps that he gave Future his first No. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. Instead of insulting Drake, Lamar claims that the "Push Ups" rapper's circle has been feeding him lies, leaking information about him, and hoping for his downfall.

Persons: Drake, Kendrick Lamar, Lamar, Lamar dissed Drake, J, Cole, Rick Ross, Hannah Getahun, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, “, rics,, m., ake Organizations: UMG, Spotify, Future, Metro, Universal Music Group, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, Drake, Diss, Lamar's, Florida

☆ These two gambling stocks are undergoing impressive upside breakouts, according to the charts
▼ + stars: | 2024-11-26 | by ( David Keller | ) www.cnbc.com time to read: +4 min

With former high-flying gambling stocks struggling so far in the fourth quarter, it's tempting to write off the entire group. MGM is only up about 10% since the August market low, and CZR is slightly above the S & P 500 in terms of performance. Over the same period, we can see that DraftKings Inc (DKNG) is up around 35%, doubling the return of the S & P 500. FLUT has now made a new 12-month relative high, as the strong performance in Q4 has outpaced other gambling stocks as well as the major equity benchmarks. As long as these two gambling stocks continue to demonstrate strong relative strength characteristics, we feel they represent excellent opportunities into year-end 2024.

Persons: FLUT, David Keller Organizations: Caesars Entertainment, MGM Resorts International, MGM, Nasdaq, CMT, CNBC, NBC UNIVERSAL

☆ Bank of America sees 11% gain for S&P 500 next year and even bigger returns for certain stocks
▼ + stars: | 2024-11-26 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

The Wall Street firm set its 2025 S & P 500 target at 6,666, which implies an 11% upside from current levels. .SPX YTD mountain S & P 500 In particular, BofA said it is bullish on financials, discretionary, materials, real estate and utilities. The firm expects bank stocks to benefit from a return in merger and acquisition activities as well as optimism around deregulation under a Donald Trump administration. Deutsche Bank sees the S & P 500 hitting 7,000 in 2025 on the back of rising risk appetite. Goldman also projected an 11% S & P 500 return for next year.

Persons: Savita Subramanian, BofA, Donald Trump, Goldman Organizations: of America, BofA Securities, Wall, Deutsche Bank, UBS

☆ 5 follow-up questions Nvidia's CEO asks his AI to 'torture' it into teaching him new things
▼ + stars: | 2024-11-26 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

AdvertisementNvidia CEO Jensen Huang uses AI chatbots for learning by questioning their reasoning. Companies like Google and Khan Academy are developing AI tools for educational purposes. Advertisement"I use my AI," he said, "and I torture my AI to teach me." Huang's form of "torture" involves asking the AI a question and then five follow-up queries. AdvertisementWhile Huang's preferred learning process is drilling chatbots with questions, companies are developing more specialized tools for teaching users.

Persons: Jensen Huang, Jensen, Huang's, OpenAI's GPT, Sal Khan Organizations: Google, Khan Academy, Hong Kong University, Nvidia, TED

☆ Wall Street is bullish on sports investing as major leagues' values outpace the S&P 500 by up to 5 times. Here's the strategy and sectors top firms are betting on.
▼ + stars: | 2024-11-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

AdvertisementFormula 1 kicked off the trend in 2006 after allowing private equity firm CVC Capital Partners to purchase it. Then, in 2021, the NBA allowed private equity to own up to 20% of franchises. For example, the value of Major League Soccer (MLS) was up by 1,565%, or almost five times the index. "You've seen many large private equity firms participating in that space over the past five years or longer, and that certainly has seen significant valuation growth. Below is a table from JPMorgan's 2025 outlook report showing private equity funds planned investment themes.

Persons: David Tepper, Steve Cohen, Jay Serpe, Ted Yarbrough, Serpe, You've, JP Morgan, Yarbrough Organizations: Sports, Carolina Panthers, New York Mets, Capital Partners, NBA, JPMorgan Private Bank, Major League Soccer

☆ Baird is bullish on this little-known data center play, says it can rally nearly 60%
▼ + stars: | 2024-11-26 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Semiconductor company Rambus is exposed to the key tailwinds for the chip industry in 2025, according to Baird. The company manufactures DDR memory interface chips and creates silicon IP solutions used across data centers, cars and government functions. Gerra forecasts strong secular revenue growth for Rambus as bandwidth requirements continue to rise for chips. The company has a $1.35 billion data center chipset opportunity, according to Baird's forecasts. RMBS YTD mountain Rambus shares in 2024

Persons: Baird, Tristan Gerra, Gerra

☆ Biden Announces Cease-Fire Deal Between Israel and Lebanon
▼ + stars: | 2024-11-26 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

Finally, President Biden got his Rose Garden peace deal. If it holds, the Lebanon cease-fire by itself could make an important difference. But as he stepped out of the Oval Office into the Rose Garden on a sunny November day in the winter of his presidency to hail the agreement on Tuesday, Mr. Biden clearly had grander ambitions still in mind. “It reminds us that peace is possible,” he said. As long as that is the case, I’ll not for a single moment stop working to achieve it.”

Persons: Biden, ”, “, I’ll Locations: Lebanon, Gaza, Israel

Elon Musk and Grimes' custody battle in Texas was resolved in August, nearly a year after the Tesla CEO filed a lawsuit against the musician in the state. Here's a timeline of the custody battle, including when the suits were filed, and the accusations Musk and Grimes have made against each other in court. In August 2023, Grimes and Musk traveled to Tokyo together, but Musk said in his petition that their relationship broke down shortly after. September 7, 2023: Musk sues GrimesMusk sued Grimes in Texas in early September to "establish the parent-child relationship" with their three kids. November 28, 2023: Musk voices security concernsMusk asked a Texas judge to restrict access to his custody battle for his kids' safety.

Persons: Elon, Grimes, Elon Musk, Los Angeles Grimes, would've, Musk, Walter Isaacson, Shivon, Grimes Musk, " Grimes, Zilis, Shivon Zilis, Jon Kopaloff, Stephen Lam, Recep Tayyip Erdoğan, We're, Texas Grimes, Musk's X, Musk Grimes, Rishi Sunak, Andrew Sorkin, Bob Iger, nannies, Tesla, Theo Wargo, Sandy Garossino, Garossino, hadn't Organizations: Elon, Twitter, Musk, US Securities and Exchange Commission, UK, Disney, San Francisco Superior Court Locations: Texas, California, Los, Los Angeles, LA, Tokyo, San Francisco, Mexico, Turkey, New York, Israel, Austin , Texas, Iger, Claire, Travis County , Texas, Francisco

☆ Consumer confidence comes in as-expected in November
▼ + stars: | 2024-11-26 | 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 EmailConsumer confidence comes in as-expected in NovemberCNBC's Rick Santelli joins 'Squawk on the Street' to go over the consumer confidence data.

Persons: Rick Santelli

☆ I've been a chef for over 15 years. Here are 8 tips for making the perfect turkey every time.
▼ + stars: | 2024-11-26 | by ( Alissa Fitzgerald | ) www.businessinsider.com time to read: +5 min

AdvertisementAs a chef of over 15 years, I've learned how to cook the perfect turkey. There are some solid tips I've learned as a chef to improve any sort of holiday-turkey preparations and make this year's bird the best yet. Decide on a cooking methodAny way to cook a turkey can be successful if you prepare your bird well enough. Let the turkey restPlan to have your turkey done before the meal so that it (and you) can take a break. AdvertisementCarve and plate your turkey in sectionsCarve your turkey into different sections in your kitchen.

Persons: I've, it's, Mariusz S Organizations: CDC

☆ Thanksgiving on Ozempic: 5 rules for eating and dosing during the holidays
▼ + stars: | 2024-11-26 | by ( ) www.businessinsider.com time to read: +4 min

Popular weight-loss drugs shouldn't keep you from enjoying the holidays, according to a doctor. GLP-1 medications like semaglutide (sold as Ozempic and Wegovy) and tirzepatide (Mounjaro and Zepbound) have been a game-changer for weight management in recent years. To stay on track and enjoy the season, avoid these misunderstandings about GLP-1 medications that arise around food-related holidays. Don't feel like you're going to miss out on holiday funTaking a GLP-1 over the holidays won't prevent you from enjoying the festivities. It doesn't mean that you're not going to want to eat turkey and the foods you'll have over the holidays.

Persons: shouldn't, Ozempic, Caroline Apovian, Apovian, it's Organizations: Center, Weight Management, Wellness, Brigham, Women's Locations: GLP

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