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☆ Singapore's DBS eyes Malaysian bank stakes in expansion push, Reuters reports
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +3 min

Deliberations are in very early stages, however, the sources said, and any formal negotiations for an acquisition of a stake in a Malaysian bank would need approval from the Malaysian central bank, or Bank Negara Malaysia. "We do not comment on market rumors and speculation," said a spokesperson for DBS, Southeast Asia's biggest lender by assets. Alliance Bank, the second smallest listed bank in Malaysia by total assets, and Bank Negara Malaysia did not respond to requests for comment after business hours on Friday. DBS is the only Singaporean bank without a retail banking presence in Malaysia. Local rivals Oversea-Chinese Banking Corporation and United Overseas Bank both have retail banking operations in Malaysia.

Persons: Piyush, Gupta, Tan Su Shan, Anwar Ibrahim Organizations: DBS Group Holdings, DBS, Alliance Bank Malaysia Bhd, Kuwait Finance House's, Bank Negara Malaysia, Temasek, Alliance Bank, Kuwait Finance House, Local, Oversea, Chinese Banking Corporation, United Overseas Bank, Gupta, Malaysian Locations: Malaysia, Singapore, Temasek, Kuwait, Malaysian, Bank, China, India, Indonesia, Taiwan

☆ Climate Action 15: 2024's Leading Innovators for a Sustainable Future
▼ + stars: | 2024-11-11 | by ( ) www.businessinsider.com time to read: +40 min

Editor's note: Business Insider's reporters and editors nominated leaders based on insights from past Climate Action honorees, expert sources, and reader submissions. Courtesy of Jayson RicamaraSaudi Arabia, with its hot desert climate and little fresh water, is one of the most difficult farming environments. AdvertisementIyris in October also launched a sustainable-farming pilot in Saudi Arabia with chemical and plastic manufacturers as well as companies including Red Sea Global, a luxury tourism developer. A UN climate panel estimated that harnessing wave energy could supply 20% more electricity than the world produced in 2022. The US is trying to shore up its own mining and manufacturing base to curb China's power, including in battery recycling.

Persons: Derya Baran, Iyris Derya Baran, Jayson Ricamara, Baran, SecondSky, who's, Inna Braverman, Braverman, David Leb, Charles Callaway, Environmental Justice Charles Callaway ., Callaway, Clara, Gretchen Cara Daily, Stanford University Gretchen Cara Daily, Daily, NatCap, Juan Carlos Navarro, Panama Juan Carlos Navarro, Panama Navarro, José Raúl, Haiti —, Navarro, del, Reinhold Gallmetzer, Reinhold, Gallmetzer, Brazil's JBS, packer, Diane Gilpin, Smart Green Shipping Diane Gilpin, Gilpin, Drax, Roberta Tuurraq Glenn, Borade, Savok Glenn, Glenn, Cynthia Houniuhi, Houniuhi, it's, Arvind Kumar, Prasad, Rice, Kumar, Ari Matusiak, Gazur, Matusiak, —, Duncan McIntyre, McIntyre, Altenex, Ozane, Biden, It's, Delta, Liz Ricketts, Charlie Engman Ricketts, Ricketts, Ricketts didn't, Chao Yan, Princeton NuEnergy Chao Yan, Yan Organizations: Iyris, United Arab, King Abdullah University of Science, Technology, Red, Eco, UN, Eco Wave Power, Shell, Environmental Justice, Proctor Academy For Callaway, Metropolitan Transportation Authority, Green Institute, Callaway, Natural, Stanford University, Stanford, Facility, Ministry, Environment, Panama's, UNESCO, US State Department, National Association for, Nature, Center, for, Carrefour, Nestlé, Smart Green Shipping, Scottish Enterprise, International Windship Association, Maritime Organization, Union, Alaska Arctic Observatory, National Weather Service, AAOKH, University of Alaska, Pacific Islands, University of, International Court of Justice, United Nations, Prasad Seeds, Labor, Prasad, International Rice Research Institute, Rewiring, Reduction, Communities, Highland Electric, Schools, Highland, Beverly Public Schools, Fortune, Edison International, Louisiana, US Department of Energy, Ozane, White, LNG, Vessel Project, Biden, Department of Energy, Kantamanto, London . Brands, McKinsey, Princeton, New Jersey Institute of Technology, Princeton University, Princeton NuEnergy, Energy, Laboratory, EV Locations: Jayson Ricamara Saudi Arabia, Saudi Arabia, United Arab Emirates, Egypt, Spain, Ukraine, Cherkassy, Israel, Gibraltar, Port of Los Angeles, Porto, Portugal, West Harlem, New York City, Clara Hale, Costa Rica, Belize, China, NatCap, Stanford, Panama, Colombia, Venezuela, Haiti, Panama City, Brazil, Peru, Brazilian, , Norway's, Barrow, Furness, Alaska, University of Alaska Fairbanks, Utqiaġvik, Fanalei, Solomon Islands, Fiji, Vanuatu, Tonga, Asia, Saharan Africa, India, Philippines, Nepal, Bangladesh, Africa, Hyderabad, South, Southeastern Asia, Subhanpur, Rewiring America, Massachusetts —, Sulphur , Louisiana, Calcasieu, Vessel Project Louisiana, Accra, Ghana, New York, London, Kantamanto, Taiyuan, China's Shanxi, Argonne, South Carolina

☆ Credit card debt among retirees jumps — 'It's alarming,' researcher says
▼ + stars: | 2024-11-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Retirees' debt was rising before the pandemicRising debt levels were a problem for older Americans even before pandemic-era inflation. The typical family with heads age 75 and older had $1,700 of credit card debt in 2022, EBRI said in the August report. Those with heads age 65 to 74 had $3,500 of credit card debt, it said. Meanwhile, any spending cuts should be applied to reduce credit card debt, McClanahan explains. Boost income Retirees can also consider going back to work at least part time to earn more income, McClanahan said.

Persons: Bridget Bearden, Bearden, it's, EBRI, Louis, Carolyn McClanahan, She's, McClanahan, Cardholders, Cook, Ted Jenkin, Winnie Sun Organizations: Research Institute, Social Security, Senior Citizens League, Reserve Bank of St, Federal Reserve, U.S . Federal Reserve, Federal Reserve Bank of St, Planning Partners, CNBC's, CNBC, Facebook, Craigslist, Sun Group Wealth Partners Locations: Louis, Jacksonville , Florida, Irvine , California

☆ Red Lobster and TGI Fridays are closing. Here’s what’s moving in
▼ + stars: | 2024-11-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

In Watertown, New, York, a former Red Lobster is being converted to a Northern Credit Union bank. And Chick-fil-A is taking over a shuttered Red Lobster in Naples, Florida. Chains like Red Lobster and TGI Fridays filed for bankruptcy this year and closed more than 175 restaurants combined. Red Lobster was driven into bankruptcy by mismanagement under a previous owner, global shrimp supplier Thai Union, while TGI Fridays fell under private equity owner TriArtisan Capital Advisors. Empty booths fill the interior of a Red Lobster restaurant on May 20, 2024 in Austin, Texas.

Persons: Denny’s, Kelli Valade, ”, Jeff Kreshek, hasn’t, Chick, Elijah Nouvelage, Matt Larson, Chris Tomasso, Tomasso, Brandon Bell, Larson Organizations: New, New York CNN, LongHorn, Northern Credit Union, Vacant, Thai Union, TriArtisan Capital Advisors, Federal Realty, Watch, First, Getty, JCPenney, Nordstrom, Green Locations: New York, Woodbridge , Virginia, Watertown , New, York, Naples , Florida, Maryland, California, McDonough , Georgia, Chao, Bel Air , California, Franconia, Virgina, United States, Austin , Texas

☆ Here's what a new Trump administration could mean for your money, financial advisors say
▼ + stars: | 2024-11-11 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Leah Millis | ReutersNow that Donald Trump has been elected president, many individual investors are wondering what that means for their money. Yet, when it comes to long-term performance of the markets and policies that Trump proposed on the campaign trail, financial advisors say it's best to take a wait-and-see approach before making any big money decisions. Lee Baker, a CFP and owner of Claris Financial Advisors in Atlanta, said he's also told clients not to make wholesale financial changes now. Many investors expect Trump to lead with faster economic growth and more market-friendly policies, said Francis during a Friday webcast on what Trump's presidency could mean for investors' money. While those policies would put more money in Americans' pockets, Francis noted, other experts say it's too soon to count on those changes.

Persons: Donald Trump, Leah Millis, Trump, Jude Boudreaux, Boudreaux, Lee Baker, he's, Baker, I've, Stacy Francis, Francis Financial, Francis, it's, Marguerita Cheng, Cheng, Trump's, David Haas, CNBC.com Organizations: Trump, U.S . Capitol, Reuters, Dow Jones, CNBC FA, Claris Financial, Francis, Blue, Global Wealth, Social Security, Cereus Financial, Security Locations: U.S, Washington , U.S, New Orleans, Atlanta, New York City, Gaithersburg , Maryland, Franklin Lakes , New Jersey

☆ Chiefs block Broncos’ potential winner as time expires, hold on for 16-14 win to remain perfect
▼ + stars: | 2024-11-10 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

KANSAS CITY, Mo. They proceeded to set up Lutz for the winner, but Leo Chenal was given credit for coming up the middle amid a big push by the Kansas City defensive line to get his hand on the kick. The Chiefs’ winning streak dating to last season is the longest in the NFL since the Packers won 19 in a row from 2010-11. Travis Kelce had eight catches for 64 yards and a touchdown for Kansas City. It was Mahomes who got the Chiefs on track, going 7 for 7 for 62 yards on the ensuing drive.

Persons: —, Wil Lutz’s, Harrison, Bo Nix, Lutz, Leo Chenal, Patrick Mahomes, Travis Kelce, DeAndre Hopkins, Kareem Hunt, Nix, Courtland Sutton, Mahomes, Wanya Morris, Kingsley Suamataia, Andy Reid, Butker Organizations: KANSAS CITY, Chiefs, Wil, Kansas City, Broncos, NFL, Packers, Denver, AFC West Locations: KANSAS, Mo, Kansas City

☆ Limited Too makes a comeback, catering to grown-up fans
▼ + stars: | 2024-11-10 | by ( Leah Asmelash | ) edition.cnn.com time to read: +5 min

CNN —Limited Too’s colorful, girly clothing defined childhood for many American Millennials. “The expansion of Limited Too into more sizes is a dream that’s come to life because of our amazing fans. In Limited Too’s case, Classi-Zummo said, it’s more about nostalgia. Limited TooFor many, like Fines, those paths of nostalgia might lead them right back to Limited Too. Limited Too’s capsule, with its playful velour tracksuits and cropped baby-doll tees, certainly plays into that.

Persons: today’s, ”, Petra Kennedy, Natasha Fines, ” Fines, “, —, Maylen Williams, Mark Lennihan, Abercrombie, Kristen Classi, Zummo, Millennials, Charity Armstead, you’ve, ” Armstead Organizations: CNN —, CNN, Abercrombie, Brenau University Locations: Zara, Fitch, Georgia

☆ My teenage daughter backpacked alone through Europe. Despite my worry, I'd let her do it again.
▼ + stars: | 2024-11-10 | by ( Elise Seyfried | ) www.businessinsider.com time to read: +5 min

She told me she wanted to travel through Europe for three months with her own money. It was so hard for me to let go of that fear while raising my five kids. She'd been working and, with her saved money, Julie wanted to travel solo through Europe for three months. I had to learn to trust herI continued to worry daily during those months, but I had to learn to let go and trust my daughter. I've asked myself: If I had it to do over again, would I still let 18-year-old Julie travel alone through those 11 countries so far from home?

Persons: —, Julie, She'd, Patrick, Sheridan's, it's, I've Organizations: Service, Newark , NJ Locations: Europe, Texas, Newark ,, Rome, Venice, Budapest, Vienna, Luzern, Switzerland, Marburg, Germany, Finland, WhatsApp, Florence, Salzburg, Prague's, Paris, New York City, Brooklyn, New Yorker

☆ Americans are doom spending
▼ + stars: | 2024-11-10 | by ( Erika Tulfo | ) edition.cnn.com time to read: +7 min

While this kind of catharsis might work to temporarily allay worries, experts say doom spending poses a danger to consumers’ long-term financial health. Joe Raedle/Getty ImagesThat financial gloom is powering doom spending and, in turn, driving up credit card debt. Beyond the economy, experts say that internet habits play a significant role in driving doom spending, especially for younger consumers. But Alev says that she anticipates a pop in spending whether Americans feel positively or negatively about the outcome of the election. How do you curb doom spending?

Persons: ”, Gen, “ We’re, Courtney Alev, “, Alev, Donald Trump, Trump, Kamala Harris, —, Sertan Kabadayi, Joe Raedle, Bankrate, Aja Evans, ’ ” Evans, hasn’t, ” Alev, Jeff Roberson, Biden, Evans Organizations: CNN, Wheaton College senior, YouTube, Credit, Gallup, Fordham University’s Gabelli School of Business, Federal, Federal Reserve Bank of Philadelphia, Finance, Brookings Institution Locations: Massachusetts, Miami , Florida, West Palm Beach , Florida

☆ Top Wall Street analysts like these dividend-paying stocks
▼ + stars: | 2024-11-10 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To select the right dividend stocks, investors can consider the recommendations of top Wall Street analysts, who have a strong track record and provide useful insights based on a thorough analysis of a company's fundamentals. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Scotto highlighted EPD's robust backlog of organic growth projects, with notable projects expected to come online next year and fuel the company's growth. International Business MachinesWe move to the next dividend stock, IBM (IBM). In Q3, IBM generated free cash flow of $2.1 billion and returned $1.5 billion to shareholders through dividends.

Persons: Donald Trump, Wall, EPD, Elvira Scotto, Scotto, TipRanks, Amit Daryanani, Daryanani, Arvind Krishna, ARCC, Kenneth Lee, ARCC's, Lee Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, Machines, IBM, Consulting, Software, IBM's Software, Hat, Ares, Ares Capital Locations: TipRanks

☆ Blurred vision, shortness of breath, massive bills: Residents near a Georgia chemical plant fire say they’re suffering a month later
▼ + stars: | 2024-11-10 | by ( Holly Yan | ) edition.cnn.com time to read: +20 min

Conyers residents Kisha and Akeno Reid say they have suffered ongoing symptoms since the BioLab fire more than a month ago. Rockdale County issued a shelter-in-place advisory for 90,000 residents, and about 17,000 residents had to evacuate. Peter Zay/Anadolu/Getty Images/FileAbout 15,000 students from Rockdale County Public Schools couldn’t go to school for three weeks and had to learn remotely. The announcement came the same day Rockdale County lifted its nightly shelter-in-place advisory, which lasted for weeks. “The damage is already done.”Like other residents, Smith worries about her property value plummeting and possible long-term hazards to her family.

Persons: ”, Kisha Reid, she’s, haven’t, Akeno, won’t, it’s, Akeno Reid, Holly Yan, –, Reid, “, Mr, Brandy, Conner, Darryl Brown, Alicia, Curtis Compton, Hurricane Laura, Bryan Vasser, Vasser, ” Vasser, they’re, …, Kisha Reid Conner, Hydroxyzine, he’s, “ I’m, ” BioLab, BioLab, Conyers, “ That’s, ” Weeks, Peter Zay, Rockdale County Public Schools couldn’t, Terry Oatts, Reid’s, Ms, ” Ms, KIK, ” Conner, Christine Smith, Smith, ” Smith, defecating, ” Christine Smith, CNN Smith, Weeks Organizations: Georgia CNN, ” CNN, CNN, US Chemical Safety, Hazard Investigation, “, Atlanta –, for Disease Control, Prevention, CDC’s Agency, Toxic Substances, Disease Registry, Environmental Protection Agency, EPA, Air, Agency, Getty, Rockdale County Public Schools, KIK Consumer Products, Distribution, U.S . Chemical Safety Board Locations: Conyers, Georgia, Kisha, ”, BioLab, Richfield, Rockdale, Rockdale County, Westlake , Louisiana, Hurricane, Atlanta, Conyers , Georgia, Conyers ’, Anadolu, Texas, Cairo

☆ 'Animal spirits': 7 market strategists share how to ride the red wave as US stocks surge to new records
▼ + stars: | 2024-11-10 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Here are eight top places to invest, based on insights from seven market strategists. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A robust, multi-year bull market rally for US stocks reached another gear after the businessman-turned-politician won the presidential election. Traders are convinced that the bulk of Trump's economic policies, which include tax cuts and fewer government regulations, will create a business-friendly backdrop that drives stocks higher. AdvertisementThe world is awash with cash, making scarce assets like gold and bitcoin more valuable, and Thorne also noted that global economic growth is slowing.

Persons: Donald Trump's, —, Donald Trump, David Bahnsen, Kamala Harris, Jeff Schulze, John Maynard Keynes, Anthony Saglimbene, Keynes, Schulze, Saglimbene, Jim Baird, Plante, Sébastien, Rowe Price, Page, Sean Gallagher, Gallagher, Ameriprise, Bahnsen, Jim Thorne, who's, Thorne, Trump Organizations: Investors, Service, Business, Street Global Advisors, ClearBridge Investments, Trump, Financial, Tech, Federal Trade Commission Locations: Trump's, ClearBridge, Canada, Wellington, Altus

☆ Online sales of Plan B and birth control are surging after Trump's election, retailer says
▼ + stars: | 2024-11-10 | by ( Katie Balevic | ) www.businessinsider.com time to read: +5 min

Wisp, an online pharmacy, said sales of birth control surged after Donald Trump's election win. AdvertisementWisp, an online pharmacy focused on sexual and reproductive health, says sales of birth control and emergency contraception have surged in the United States in the last week. Wisp, which serves over 1.2 million patients nationwide, reported a 1,000% increase in emergency contraception purchases from November 5 to November 6. In the 24 hours after Election Day, Wisp said it saw a 1,650% increase in new patients purchasing emergency contraception. There was a 600% increase in medication abortion sales and a 50% increase in birth control sales.

Persons: Donald Trump's, Trump, —, Donald Trump, Monica Cepak, Cepak, Roe, Wade, Wisp, Amy Hagstrom Miller, Hagstrom Miller, Kimberly Inez McGuire Organizations: Service, Business, Democrats, Reproductive, Gender Equity, White Locations: United States, Texas , Indiana, Oklahoma, California, New York

Many Americans have been holding back from jumping into the housing market in the hopes that mortgage rates will decline. The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. “Sixes are the new normal,” said Lisa Sturtevant, chief economist at Bright MLS, a mortgage listing services group, referring to 6% mortgage rates. It’s really not going to be impacting mortgage rates at all.”Mortgage rates work differently. When demand for those increases, mortgage rates tend to fall.

Persons: Donald Trump’s, ”, Lisa Sturtevant, Brian Rehling, Trump, Mike Fratantoni, ” Fratantoni, Helene, ” Samuel Tombs, Tombs, Sturtevant, “ It’s Organizations: Federal, Bright MLS, Federal Reserve, Wells, Investment Institute, ”, U.S, Mortgage, Association, “, National Association of Realtors, Pantheon, NBC

☆ American tourist killed in Budapest, suspect arrested
▼ + stars: | 2024-11-09 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

BUDAPEST, Hungary Associated Press —Family members of a 31-year-old American tourist who was killed while on vacation in Hungary’s capital mourned their loss while a 37-year-old suspect was in custody Saturday. The victim, Mackenzie Michalski from Portland, Oregon, was reported missing on Nov. 5 after she was last seen at a nightclub in central Budapest. Investigators said that Michalski and the suspect had met at a nightclub and danced before leaving for the man’s rented apartment. Police said that he had attempted to cover up his crime by cleaning the apartment and hiding Michalski’s body in a wardrobe before purchasing a suitcase and placing her body inside. Friends hold candles while remembering Mackenzie Michalski, an 31-year-old American tourist who was murdered while on vacation, during a candlelight vigil in Budapest, Hungary, on Nov. 9, 2024.

Persons: Mackenzie Michalski, Bill Michalski, “, ”, “ I’m, Michalski, Bela Szandelszky, Mackenzie, “ Kenzie, Michalski’s Organizations: Police, Associated Press, ” Police, Investigators, AP, Budapest police Locations: BUDAPEST, Hungary, Portland , Oregon, Budapest, Irish, Lake Balaton, Szigliget

☆ Hackers are stealing tickets from Ticketmaster customers' accounts. For many, the troubled platform is their only option.
▼ + stars: | 2024-11-09 | by ( Dan Latu | Palmer Haasch | ) www.businessinsider.com time to read: +9 min

It was a reminder for an Usher concert in Dallas on October 5, synced with her Ticketmaster account. Live Nation, worth about $28 billion as of November 8, has a tight grip on the live-entertainment industry. The Live Nation executive recommended Ticketmaster account holders have a unique password not used for any other platforms. AdvertisementShe figured she would have to rebuy tickets, she added, so was surprised and pleased when Ticketmaster reinstated the tickets. People protesting outside the US Capitol the morning of a Senate Judiciary Committee hearing about the merger of Ticketmaster and Live Nation in 2023.

Persons: concertgoers, —, Jasmine McKenzie, McKenzie, who's, Taylor Swift, Mika City, Don Toliver's, Floyd George, Floyd George ", City, Usher, didn't, hadn't, it's, Swift, Drew Angerer Organizations: Ticketmaster, BI, Service, Justice Department, DOJ, Live, Business, CBS News, Better Business Bureau, BBB, Capitol, Oasis, City Locations: Vashti, Dallas, Los Angeles, Nashville, Charlotte, North Carolina, Grand Prairie , Texas, Houston, North America, United Kingdom

☆ Voters worldwide are angry about higher prices and keep punishing those in power
▼ + stars: | 2024-11-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Incumbent governments have been punished in Britain, France, India, Japan, South Korea, and elsewhere. The near-universal shift away from Democrats echoes voters' rejection of incumbent political parties across the world this year. South Africa's African National Congress (ANC) party lost its majority. Similarly, Deutsche Bank's Reid wrote that voters are disappointed by how slowly their lives are improving amid cooler economic growth. He said they don't buy that incumbents can tackle immigration, some incumbent governments have had scandals, and voters have become "much more willing to change their vote from election to election."

Persons: Donald Trump's, Kamala Harris, —, Donald Trump, Biden, Harris, Narendra Modi, Korea's Democrat Party snagged, Jim Reid, Tina Fordham, Louis Perron, Deutsche Bank's Reid Organizations: Service, Democratic, Britain's Labour Party, Conservative Party, Rally, Japan's Liberal Democratic Party, Indian, Korea's Democrat Party, National Congress, ANC, Deutsche Bank, Fed, Bank of England, European Central Bank, CNN, Win, Deutsche Locations: Britain, France, India, Japan, South Korea, London, Tokyo, Seoul, Cape Town, Washington, Gaza, country's, South, Ukraine

☆ Tony Todd, veteran actor behind the ‘Candyman’ horror movie franchise and more, dead at 69
▼ + stars: | 2024-11-09 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —Tony Todd, the actor who played the eponymous phantom killer in the original “Candyman” horror franchise and other notable roles, has died at 69. The news was confirmed to CNN on Saturday by Todd’s talent agent, Dede Binder, of the Defining Artist agency. Todd portrayed the character, originally based on a 1985 Clive Barker short story, in the original film franchise starting with the 1992 movie, and reprised the role in the 2021 reboot directed by Nia DaCosta. Moviestore/ShutterstockRegarding his status as Black horror royalty, Todd told The New York Times in 2020 that he didn’t “mind” it. I know who I am.”“I didn’t get my master’s saying, ‘I want to be a horror film star.’ I just wanted to be a good actor,” he said, adding, “Horror fans are the most ferocious fan base there is.

Persons: Tony Todd, Dede Binder, Todd, Daniel Robitaille, Clive Barker, Nia DaCosta, Warren, Oliver Stone, Clint Eastwood’s, Charlie Parker, “ Bird, Bludworth, ” Tony Todd, Virginia Madsen, ”, ‘, ’, ” Todd, Chuck Organizations: CNN, New York Times, Fox, CBS, “, Trinity Repertory Company, Eugene O’Neill Theater

☆ Bull market revs back up on Trump enthusiasm as traders race to grab small caps, banks and Tesla
▼ + stars: | 2024-11-09 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

For one, the market was already in a sturdy uptrend, the S & P ahead by 20% in 2024 by October. Now, the S & P is up 44% in the past 18 months and the P/E is above 22 on more elevated margins. Here's the S & P 500 Value vs Growth relationship since 2014. His call is for investors to fade any near-term rally that takes the S & P above his 6100 "bull case" target for year end. For sure, the S & P 500 is by some measures running a bit hot, pushing above the top end of its two-year bull-market path.

Persons: Donald Trump's, Jay Powell, Trump, Cyclicals, Russell, YTD, Doug Ramsey, we're, reflating, Scott Chronert, Goldman Sachs Organizations: Republican, Trump Trade, Federal, Treasury, financials, Nasdaq, Group, Investment, Trump, Russell, Citi Locations: upending Washington, U.S, year's

☆ What the Fed’s interest rate cuts mean for your money
▼ + stars: | 2024-11-08 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

But that doesn’t mean as a result interest rates are now low — or will soon be low. “‘Falling interest rates’ are not the same as ‘low interest rates.’ Interest rates are high and will only decline to ‘not as high’ as … we move into 2025,” said Greg McBride, chief financial analyst at Bankrate. Credit cards: Just before the Fed cut its key rate in September, the average credit card rate was 20.78%, according to Bankrate. Another option: Try transferring your balance to a credit card from a credit union or local bank. Before the Fed’s September rate cut many of those accounts were offering yields between 4.25% and 5.3%, according to those listed on Bankrate.com.

Persons: ”, Greg McBride, Matt Schulz, Chris Diodato, they’re, Freddie Mac, Sam Khater, Freddie Mac’s, ” McBride, Sinead Colton Grant, Colton Grant, “, Don’t, Diodato, you’re, BNY, they’ve Organizations: CNN, Reserve, Bankrate, Fed, LendingTree, Treasury, Savings Locations: Treasuries

☆ China's stimulus plans are choking the profitability of its megabanks, analysts say
▼ + stars: | 2024-11-08 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

A man on a mobile phone walks past a Bank of China Ltd. branch in Guangzhou, Guangdong Province, China, on Thursday, March 27, 2014. China's largest state-owned banks are likely to see their record low profit margins decline even further as Beijing's broader stimulus package comes into play, analysts say. Still, that was 18 basis points lower from the beginning of this year. At the end of June, overall commercial bank margins dropped to 1.54%, a record low, according to official data from the national financial regulatory administration. They see NIM for state-owned banks contracting by 15-25 basis points in 2024, and "mid- to- high single-digit basis points" next year.

Persons: Agricultural Bank of China —, NIM, Karen Wu Organizations: Bank of China Ltd, — Industrial, Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of, Bank of, CNBC, Morningstar Locations: Guangzhou, Guangdong Province, China, China's, Agricultural Bank of China, Bank of China, Beijing

☆ Goldman Sachs: Why individual investors need to look at private investments to further grow wealth
▼ + stars: | 2024-11-08 | by ( Kristin Olson | Global Head Of Alternatives For Wealth At Goldman Sachs | ) www.cnbc.com time to read: +6 min

In the past decade, private investments exploded from $4 trillion to $14 trillion. Primarily led by institutional capital, investors poured money into private markets in their search for differentiated returns and alpha generation. This makes sense as alternative investments have consistently outperformed global public markets on 10-, 15-, and 20-year time horizons. As more companies stay private for longer, a portfolio limited to public companies inevitably will miss market opportunities. While private markets offer advantages of broader economic exposure, diversification and alpha generation, it is important to understand their differences from public markets.

Organizations: Bain, Private

☆ Amy Coney Barrett: Meet the last best hope for Supreme Court liberals
▼ + stars: | 2024-11-08 | by ( Joan Biskupic | ) edition.cnn.com time to read: +19 min

CNN —Supreme Court Justice Amy Coney Barrett stands apart. And that is why Barrett has become the best hope for what remains of the liberal wing, particularly after Trump’s election victory. As Trump returns to the White House, the Supreme Court may be even more positioned to check the balance of powers. Nonetheless, progressives have few options, and an uncertain horizon, and cannot help but imbue Barrett with hope. “As Justice Barrett said…,” is a common Kagan refrain, too.

Persons: Amy Coney Barrett, Donald Trump’s, Barrett, Trump, imbue Barrett, Sandra Day O’Connor, Reagan, Anthony Kennedy, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Barrett homed, Sotomayor, …, Kagan, Kagan interjected, “, Richard Glossip, Brett Kavanaugh, Thomas, Roberts, Kavanaugh, Adam Feldman, Jake Truscott, Republican centrists O’Connor, Kennedy, Lewis Powell, Ruth Bader Ginsburg, Dobbs, Antonin Scalia, Scalia’s, Scalia, Jesse, Warren Burger, Clarence Thomas, Samuel Alito, Neil Gorsuch, they’ve, Gorsuch, ” Barrett, Jackson, Alito, ” Alito, Biden, Justice Roberts, CNN Kagan, Barrett’s, Roe, Wade, ‘, ’ Barrett, Adrian Zackheim, Justice Barrett, ” Zackheim, Sentinel publicists, Sen, Mitch McConnell, McConnell, Barack Obama’s, Merrick Garland, Ginsburg Organizations: CNN, Republican, White, Republicans, Representatives, Notre Dame, Trump, Democratic, Glossip, Jackson, Health Organization, New York, Association, Harvard, ., Biden, Capitol, of Education, Ronald Reagan, Sentinel, Penguin Random, Wall Street, University of Louisville McConnell Center Locations: America, Oklahoma, ”, . United States, New Orleans, Washington, Haiti, Idaho, California, Louisville

☆ Rivian is shoring up sourcing for its R2 affordable SUV with Trump's proposed tariffs in mind, CEO says
▼ + stars: | 2024-11-08 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Rivian CEO RJ Scaringe said during an earnings call the company has been bracing for tariffs. The fate of the $7,500 EV tax credit issued under the Biden Administration remains unclear. AdvertisementEV company Rivian says it's already bracing for the impact that the increased tariffs proposed by President-elect Donald Trump would have on its supply chain. Rivian CEO RJ Scaringe said that to prepare for potential tariffs Trump has proposed on foreign goods, the company has been deliberate about materials sourcing for its upcoming lower-cost SUV, the R2. On top of the uncertainty that comes with the second Trump administration, Rivian continues to face hurdles toward profitability — a challenge many new automakers face, with the exception of Tesla.

Persons: Donald Trump's, RJ Scaringe, Biden, —, Rivian, Donald Trump, we've, EVs —, Claire McDonough, Rivian's, Tom Narayan, Scaringe, Trump, Tesla Organizations: Service, President, Trump, Biden, RBC Capital Markets, CNBC

☆ Billionaire investor Stanley Druckenmiller says the Fed may have declared victory on inflation too early
▼ + stars: | 2024-11-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Fed may have declared inflation victory too early, Stanley Druckenmiller said. Inflation could could be bottoming right now, the billionaire investor told a Norges Bank podcast. "I'm a little worried that the Fed has declared victory too early," the billionaire investor said about consumer prices on a Norges Bank podcast. When inflation eases, the Fed lowers rates to make sure economic growth keeps up — and has justified its cuts given shifting labor prints. AdvertisementThough the podcast was recorded prior to the president-elect's victory, Druckenmiller cited that Trump's tariff plans are marginally inflationary.

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