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☆ New York City's Meatpacking District will say goodbye to its last meatpacker — and a 60-story tower could be on its way
▼ + stars: | 2024-11-25 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

AdvertisementThe last meatpackers in NYC's Meatpacking District are getting ready to close shop. The era of New York City's Meatpacking District as a neighborhood where people actually pack meat is coming to an end. A section of the Meatpacking District in 1929. AdvertisementShoppers wait in line for a sample sale in the Meatpacking District in 2024. "It wasn't always a meatpacking district," Andrew Berman, the executive director at historic preservation group Village Preservation, told the AP.

Persons: NYC's, Eric Adams, there's, hasn't, State Sen, Brad Hoylman, didn't, John Jobbagy, Jobbagy, Julia Demaree Nikhinson Jobbagy, he's, Samantha Jones, It's, amNY, Andrew Berman, it's, Berman Organizations: New York City, Associated Press, . New York City Municipal Archives, AP, State, Village, Community, Gucci, Rolex, New York City Municipal Archives, Preservation Locations: NYC's Meatpacking, Greenwich Village, York, New York, Manhattan, Meatpacking, . New York City, Meatpacking District, City of New York, Budapest, New York City

☆ AptDeco aims to keep furniture out of landfills
▼ + 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 EmailAptDeco aims to keep furniture out of landfillsCNBC's Diana Olick joins 'Power Lunch' with details about how one company is working to make furniture shopping more sustainable.

Persons: Diana Olick

☆ Michael Yoshikami: Don't see a 'massive bull rally' ahead as markets are getting ahead of itself
▼ + 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 EmailMichael Yoshikami: Don't see a 'massive bull rally' ahead as markets are getting ahead of itselfMichael Yoshikami of Destination Wealth Management says it's time to 'take some profits' amidst this market rally. He also does not see 10-year interest rates moving below 4%.

Persons: Michael Yoshikami Organizations: Wealth Management

☆ "ETF's are here to stay" says Todd Rosenbluth of TMX VETTAFI
▼ + 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 Email"ETF's are here to stay" says Todd Rosenbluth of TMX VETTAFITodd Rosenbluth, Head of Research TMX VETTAFI, joins CNBC's "Halftime Report" to discuss the record year for the ETF industry.

Persons: Todd Rosenbluth, TMX VETTAFI Todd Rosenbluth Organizations: Research

☆ Bernstein hikes its price target on this bitcoin proxy stock, sees more than 40% upside
▼ + stars: | 2024-11-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

MicroStrategy's position in the bitcoin market may mean more upside for the stock in the months ahead, according to Bernstein. Analyst Gautam Chhugani, who has an outperform rating on the stock, more than doubled his price targetto $600 from $290. "MSTR's debt is long term, unsecured convertible, implying negligible risk to balance sheet liquidity from Bitcoin volatility." MicroStrategy has been building a sizeable Bitcoin position for a long time, making the stock a proxy for the cryptocurrency. "MicroStrategy's (MSTR) Bitcoin treasury model is unprecedented on Wall Street, in our view," he continued.

Persons: Bernstein, Gautam Chhugani, bitcoin, Bitcoin, MicroStrategy, Chhugani, Chhugani's Locations: Bitcoin

Peacock's Black Friday deals are for the base Peacock Premium plan, which normally costs $8 per month or $80 per year. From now until December 2, customers can get Peacock Premium for $2 per month for six months or $20 for the whole year. You can also check out additional Black Friday streaming deals and the best early Black Friday deals for more sales. People already subscribed to Peacock Premium or Peacock Premium Plus aren't eligible for Peacock's Black Friday deals. What is the difference between Peacock Premium and Peacock Premium Plus?

Persons: Peacock, Peacock's Organizations: Business, Black, NBC, Recreation, Bravo, Football, Peacock's

☆ Hannah Kobayashi: Father of missing Hawaii woman found dead in Los Angeles, police say
▼ + stars: | 2024-11-25 | by ( Karina Tsui | Amanda Jackson | ) edition.cnn.com time to read: +5 min

CNN —The father of a Hawaii woman who went missing two weeks ago was found dead on Sunday, the Los Angeles Police Department said. Ryan Kobayashi had traveled to Los Angeles to help find his daughter, Hannah Kobayashi. After tirelessly searching throughout Los Angeles for 13 days, Hannah’s father, Ryan Kobayashi, tragically took his own life. She had the same itinerary as her ex-boyfriend, who, unlike Hannah, boarded a connecting flight to New York City from Los Angeles. CNN obtained a photo that appears to show Kobayashi getting off her flight at the Los Angeles airport.

Persons: Ryan Kobayashi, Hannah Kobayashi, Ryan Kobayashi’s, Kobayashi, Hannah’s, “ Hannah, ” Ryan Kobayashi, “ I’m, ”, Hannah, Family, Kobayashi Kobayashi, Sydni Kobayashi, LeBron, –, texted, “, Veronica Miracle, Caroll Alvarado, Michelle Watson, Maria Aguilar Prieto, Chris Boyette Organizations: International Association for Suicide Prevention, Befrienders, CNN, Los Angeles Police Department, Los Angeles International Airport, LAPD, CNN –, Police, Taschen, YouTube, Nike, Facebook, Metro Locations: Hawaii, Los Angeles, New York City, Los Angeles County, New York, Los, The, Crypto.com

☆ Morgan Stanley upgrades Robinhood, sees 50% upside on second Trump term
▼ + stars: | 2024-11-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

A second Trump term could mean more gains ahead for Robinhood , according to Morgan Stanley. Analyst Michael Cyprys upgraded shares to overweight from equal weight and more than doubled his price target to $55 from $24, implying 50.1% upside from Friday's close. Shares have also gained more than 35% in the past month and more than 73% in the past three. HOOD YTD mountain HOOD, year-to-date Cyprys noted that Robinhood is one of the biggest beneficiaries from President-elect Donald Trump's White House win in his coverage univers. The analyst also cited Robinhood's planned acquisition of TradePMR as providing significant optionality for the platform in the long term.

Persons: Morgan Stanley, Michael Cyprys, Cyprys, Donald Trump's Organizations: Trump, Robinhood Locations: HOOD

☆ 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

☆ Macy’s found a single employee hid up to $154 million worth of expenses
▼ + stars: | 2024-11-25 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday. The company recently discovered that the unnamed employee intentionally hid as much as $154 million in expenses over the course of nearly three years, prompting the retailer to conduct an independent forensic accounting investigation. The employee, whom Macy’s said is no longer with the company, “intentionally made erroneous accounting accrual entries” to hide small package delivery expenses. Macy’s did not say why the employee hid the expenses. “At Macy’s, Inc., we promote a culture of ethical conduct,” said Macy’s CEO Tony Spring said in a statement.

Persons: New York CNN — Macy’s, Macy’s, “, ”, Tony Spring, ” Macy’s Organizations: New, New York CNN, Inc Locations: New York, Macy’s

☆ AP Top 25 poll: Alabama, Ole Miss fall out of top 10
▼ + stars: | 2024-11-25 | by ( Jacob Lev | George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Following upset losses to unranked opponents, Alabama and Mississippi both fell out of the top 10 in the AP Top 25 poll when the latest rankings were released on Sunday. In a dramatic week of college football, Arizona State moved up seven places to No. 14 following an upset win over Brigham Young on Saturday, making the Sun Devils the top-ranked Big 12 team in the poll. Ohio State, Texas and Penn State, all of whom won on Saturday, occupy the next three spots behind the Ducks, who are now the only undefeated team in the AP Top 25 poll. Alabama Crimson Tide (8-3)14.

Persons: –, Ole Miss Organizations: CNN, SMU, Oregon, Arizona State, Brigham Young, Sun Devils, Ohio, Penn State, Ducks, Ohio State, ESPN, AP’s, Oregon Ducks, Ohio State Buckeyes, Texas Longhorns, Penn State Nittany Lions, Notre Dame Fighting, Georgia Bulldogs, . Tennessee Volunteers, Miami Hurricanes, . Indiana Hoosiers, Boise State Broncos, Clemson Tigers, . Alabama Crimson Tide, Arizona State Sun Devils, Ole Miss Rebels, South Carolina Gamecocks, Iowa State Cyclones, Tulane Green Wave, BYU Cougars, Texas, UNLV Rebels, Illinois Fighting Illini, . Colorado Buffaloes, Missouri Tigers, Army Black Knights Locations: Alabama, Mississippi, Miami, Ohio State , Texas, Oklahoma, Florida

☆ Trump says he’ll leave abortion to the states. It won’t be so simple
▼ + stars: | 2024-11-25 | by ( Tierney Sneed | ) edition.cnn.com time to read: +11 min

CNN —Despite his campaign promises to leave the issue to the states, President-elect Donald Trump’s administration will shape the national landscape around abortion and reproductive health. And his administration may also be forced to choose whether to pursue other changes, such as how the abortion drug mifepristone is regulated. “Back in April, President Trump made clear that he thinks abortion policy should be left to the states,” Kniffin said. If the Trump administration seeks to undo those and other agency measures, it could make those lawsuits moot. He says he won’t sign a federal bill on abortion,” said one prominent anti-abortion activist, who asked for anonymity to speak candidly.

Persons: Donald Trump’s, Trump, Roe, Wade, Dobbs, wouldn’t, Donald Trump, Joe Biden, Evan Vucci, he’s reneging, ”, Julia Kaye, Biden, Eric Kniffin, ” Kniffin, “, Evelyn Hockstein, Danco, Roger Severino, Greer Donley, ” Donley, Matthew Kacsmaryk —, Dobbs —, —, Robert F, Kennedy Jr, Kennedy Organizations: CNN, Jackson, Health Organization, Biden, “, Trump’s, Department, White House, DOJ, mifepristone, ACLU, Public Policy Center, GOP, Alamo Women's, Trump Justice Department, Food, Justice, White, Trump, Heritage Foundation, Human Services Department, University, Pittsburgh, Republican, Biden Justice, US Health, Biden Justice Department, Trump DOJ, Circuit, HHS Locations: Dobbs v, reining, Amarillo , Texas, Carbondale , Illinois, Reuters Missouri , Kansas, Idaho, America, Oklahoma, Washington ,

☆ NowThis made deep cuts to its staff for the second time this year
▼ + stars: | 2024-11-25 | by ( Lucia Moses | ) www.businessinsider.com time to read: +2 min

AdvertisementNowThis laid off about half its unionized newsroom, marking the second deep round of cuts this year. The layoffs affected 13 of 21 of NowThis' WGA East members. NowThis recently laid off about half its unionized newsroom, the second round of deep cuts this year at the digital news company. Thirteen of NowThis' 21 members of WGA East, which represents the newsroom, were impacted, according to a union representative. NowThis used to be part of Vox Media, which got the company in its 2021 acquisition of Group Nine Media.

Persons: NowThis, Michael Vito Valentino, Vox, George Soros Organizations: WGA, Fallen Media, MTV, Vox Media, Group Nine Media, NowThis, Open Society, Democratic, Noticias Para Inmigrantes Locations: NowThis

☆ DOGE is one of the most exciting things from Washington in a long time: Strategas' Jason Trennert
▼ + 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 EmailDOGE is one of the most exciting things from Washington in a long time: Strategas' Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss why the economy's been able to avoid long-term recession, the challenges with meddling in the economy, and much more.

Persons: Strategas, Jason Trennert Jason Trennert Organizations: Strategas Research Locations: Washington

☆ Does basic income work? We spoke to 8 families who got it.
▼ + stars: | 2024-11-25 | by ( ) www.businessinsider.com time to read: +2 min

The money, known as a Guaranteed Basic Income, is generally awarded for a year or two in monthly payments of $500 to $1,000. To see how the programs are working, we interviewed dozens of participants from a wide range of backgrounds and circumstances. What we found is that a guaranteed income — even a small one — can have a profound impact on people’s lives. To be sure, the guaranteed income isn’t enough to guarantee a better life. “The income makes the pain a little bit more tolerable, but it doesn’t take it completely away.

Persons: Jessica Nairns, ”, “, didn’t, Raven Smith Locations: Austin, Portland

☆ The 7 most in-demand work-from-anywhere jobs companies are hiring for—some pay over $100,000
▼ + stars: | 2024-11-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

FlexJobs has identified the most in-demand work-from-anywhere jobs companies are hiring for by analyzing its database to find the highest volume of postings between June and November 2024. Such jobs are competitive: They account for only about 5% of all remote roles, FlexJobs reports. Some of the top companies hiring for work-from-anywhere jobs in the past six months on the platform include Duolingo, Invisible Technologies and the Wikimedia Foundation. Marketing, writing, project management and tech continue to be the fields with the most work-from-anywhere jobs. "For work-from-anywhere roles, employers are increasingly interested in workers who demonstrate advanced abilities, such as higher-level communication skills like negotiation, resourcefulness and problem-solving," Frana says.

Persons: FlexJobs, Toni Frana, Frana Organizations: Employers, CNBC, Technologies, Wikimedia Foundation, Marketing, Communications

☆ Alex Cooper signed a podcast deal for $125 million. She learned one of her top negotiating tips from her mom.
▼ + stars: | 2024-11-25 | by ( Erin Liam | ) www.businessinsider.com time to read: +5 min

AdvertisementAlex Cooper, the host of "Call Her Daddy," signed a $125 million deal with SiriusXM in August. Alex Cooper, host of the hit podcast "Call Her Daddy," recently shared her tips on negotiation — one of which she learned from her mom. Cooper, who signed a $125 million deal with SiriusXM in August, said in an interview with Forbes on Friday that her top tip for negotiation is to practice the conversation. The deal allows SiriusXM to oversee the advertising and distribution of her "Call Her Daddy" podcast from 2025. AdvertisementThe art of negotiationNegotiating is a critical skill to master, whether to seal a business deal or secure a job offer.

Persons: Alex Cooper, Cooper, Lizzie Widhelm, I'm, Zs, what's, SiriusXM, Alix Earle, Harry Jowsey, Joe Rogan, Miley Cyrus, Hailey Bieber, Kamala Harris, Scott Greenstein, Alex, Leigh Thompson, Chris Williams, you've Organizations: SiriusXM, Forbes, Spotify, BI, Kellogg School of Management, Northwestern University, Microsoft

☆ Trump's tariff plans could make tackling U.S. inflation harder, says ANZ chief economist
▼ + 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 EmailTrump's tariff plans could make tackling U.S. inflation harder, says ANZ chief economistRichard Yetsenga, group chief economist at ANZ, discusses the potential impact of U.S. President-elect Donald Trump's economic plans and his choice of Scott Bessent as Treasury secretary.

Persons: Richard Yetsenga, Donald Trump's, Scott Bessent Organizations: ANZ

☆ 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

☆ Ransomware attacks could get worse next year, says TrustedSec's David Kennedy
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRansomware attacks could get worse next year, says TrustedSec's David KennedyDavid Kennedy, founder and CEO of TrustedSeC, joins CNBC's 'Power Lunch' to discuss the Starbuck's ransomware attack, the state of corporate cybersecurity attacks, and more.

Persons: TrustedSec's David Kennedy David Kennedy

☆ Strategist: Take the laddered approach to slowly build duration in U.S. treasury holdings
▼ + 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 EmailStrategist: Take the laddered approach to slowly build duration in U.S. treasury holdingsPaul Christopher of Wells Fargo Investment Institute expects only 2 Fed rate cuts between now and the end of 2025. He says most inflation risks from Trump's policies will come at the end of 2025.

Persons: Paul Christopher Organizations: Fargo Investment Institute Locations: Fargo

☆ Jim Cramer examines Wall Street's reaction to Trump Treasury secretary pick
▼ + stars: | 2024-11-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday reviewed investors' reaction to President-elect Donald Trump's latest cabinet pick, hedge fund manager Scott Bessent. His takeaway is that Wall Street believes the potential Treasury secretary will be a prudent force in the administration. "What matters is that this Treasury secretary designate is a serious person, not unlike Steven Mnuchin before him," he said "And those who believed Trump couldn't get a dollop of rigor in the cabinet — well, they've been proven wrong." Cramer also pointed out that Treasury yields fell, with the 10-year sliding to about 4.28% when investors were worried about it hitting 4.5% a few days ago. "That's where Scott Bessent, the Treasury Secretary designate, comes from, so the fence sitters and skeptics are jumping on the Trump bandwagon as if the president elect said, 'higher stock prices and lower taxes for all.'"

Persons: CNBC's Jim Cramer, Donald Trump's, Scott Bessent, Steven Mnuchin, Trump, they've, Cramer, George Soros, Bessent, Shinzo Abe, That's Organizations: Dow Jones Industrial, Treasury, Trump

Learn moreDigital artists, photographers, and animators are likely more than familiar with Adobe Creative Cloud and the suite's powerful lineup. Now through November 29, Adobe is offering its Creative Cloud All Apps subscription with a 50% discount. It's rare to find Adobe Creative Cloud on sale, especially for such a low price. The best Black Friday Adobe Creative Cloud dealsBlack Friday Adobe FAQsWhat does Adobe Creative Cloud include? Even if you only use two of these services, the Creative Cloud All Apps subscription is worth choosing over individual plans.

Persons: it's, you've, I've Organizations: Business, Adobe Creative, Adobe, Shoppers, Photoshop Express

☆ This is one thing Marc Andreessen says you shouldn't do at work
▼ + stars: | 2024-11-25 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

AdvertisementMarc Andreessen argues against sharing too many personal details at work, urging professionalism. Advertisement"When managers and leaders say, 'Bring your whole self to work,' they're leaving out the terms and conditions," Reitz said. On an episode of their podcast, "The Ben and Marc Show," Andreessen and A16z cofounder Ben Horowitz celebrated Donald Trump's reelection. "When it comes to business, it shouldn't be just based on our personal politics. I can bring my whole self to work, but I can't talk about politics,'" she said.

Persons: Marc Andreessen, Marc Andreessen doesn't, Andreessen Horowitz, Andreessen, Megan Reitz, Reitz, Sundar Pichai, Ben, Marc Show, Ben Horowitz, Donald Trump's, Trump's, Joe Biden's, Ella Washington, Washington, Jake Telkamp, Telkamp Organizations: Google, Georgetown University, Hull College of Business, Augusta University Locations: California, New York, Georgia

☆ Trump’s determination to install controversial picks faces next test
▼ + stars: | 2024-11-25 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Gabbard and another contentious Trump pick — Pete Hegseth, who has been tapped to lead the Defense Department — came under sharpened scrutiny Sunday as the spotlight shifted from Matt Gaetz, Trump’s toppled choice to be attorney general. Trump’s pick of Hegseth is also facing uncertainty after the release last week of a 2017 police report detailing an alleged sexual assault in California. But the withdrawal of Gaetz — who was already widely disliked in Congress — may leave senators feeling they owe the president-elect on his other highly controversial choices. Trump’s new selection for attorney general, Pam Bondi, is meanwhile being welcomed by many Republicans, suggesting she’ll have an easier path to confirmation than Gaetz. But that would still leave the question of who is acceptable to Trump while being confirmable in the Senate.

Persons: Donald Trump’s, Tulsi Gabbard, Pete Hegseth, Defense Department —, Matt Gaetz, Trump’s, ” Democratic Sen, Tammy Duckworth, Bashar al, Assad, she’s, Republican Sen, Markwayne Mullin, Dana Bash, Duckworth, Gaetz —, Pam Bondi, general’s, ”, Russell Vought, Trump, Tesla, Elon Musk, Vivek Ramaswamy, Scott Bessent, Howard Lutnick, Cantor Fitzgerald, They’ll, Mike Waltz, ” Trump, Vladimir Putin’s, —, he’s, Julian Assange, Edward Snowden, Gabbard, ” Sen, Adam Schiff of California, Gabbard’s, Mullin, “, ” Missouri Sen, Eric Schmitt, Tennessee Sen, Bill Hagerty, she’d, Hagerty, ” Oklahoma’s, James Lankford, Bashar, Lankford, Bondi, We’re, ’ ” Lankford, Christopher Wray, Kash Patel, Patel, Trump’s MAGA, CNN’s Kaitlan Collins, ” Patel Organizations: CNN, Trump, Defense Department, CNN’s, Union, ” Democratic, Republican, Fox News, Justice Department, Management, GOP, Treasury, “ Fox, Florida Republican, Electoral College, Senate, Democratic, US, Transportation, Trump’s “, House Intelligence, Press, Oklahoma Republican, Army, ”, NBC, ABC, “, intel, CNN Bondi, of Justice, FBI, Fox Business, Department of Justice Locations: CNN’s “ State, The Illinois, Washington, California, Florida, Ukraine, Moscow, Russia, Hawaii, Syria, Russian, Duckworth, “ State, Oklahoma and Missouri, ” Missouri, Japan, United States, Lago

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