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Recession risk has jumped to 75% due to the potential for a trade ware under Trump, BCA Research said. Trump's proposed tariffs could lower household income and depress corporate investments. In a Friday note, Berezin increased the probability of an economic recession to 75% from 65%, citing the risk of a new trade war under Trump. On the campaign trail, Trump proposed implementing universal tariffs of 10%-20% on goods imported into the country and a 60% tariff on goods from China. Berezin cited a study from the Budget Lab at Yale that estimates Trump's proposed tariffs could reduce real disposable income for the median US household by $1,900-$7,600.
Persons: Trump's, , Peter Berezin, Donald Trump's, Berezin, Trump Organizations: Trump, BCA Research, Service, Yale Locations: China
Europe could fall into recession in 2025 under Trump's economic proposals, a major EU bank said. AdvertisementThe eurozone economy faces the possibility of a looming recession as tariffs promised by President-elect Trump look set to dampen growth, according to analysts at a Dutch bank. Trump pledged on the campaign trail to impose a fresh era of trade tariffs, building on policies he enacted during his first term as president. European Union economic growth is already struggling, and has lagged behind the US in recent years. He said Europe's economic challenges, including high energy costs, sluggish economic growth, and geopolitical instability, would only get worse in the event of a tariff battle with the US.
Persons: , Trump, James Knightley, Nigel Green, Green Organizations: ING, Service, Trump, deVere Locations: Europe, China, Europe's, Ukraine, NATO
Does this mean Twitter is going to be more important in the Trump 2.0 era? It's really not Twitter — it's — Twitter goes on television, or if they have breaking news, I'll tweet, I'll say "Watch this — boom." AdvertisementTrump was the TV presidentTrump was transfixed by TV, and that meant TV was the most important medium during his first presidency. Musk, for instance, spent part of his Sunday using Twitter to criticize "Saturday Night Live" — just like Trump used to do. But I will be surprised if Donald Trump, TV guy, becomes Donald Trump, Twitter guy.
Persons: Donald Trump, Elon Musk, Trump, , Tucker Carlson, Charlie Kirk, Kirk, US Sen, Rick Scott, 🇺🇸🇺🇸, own e, abou, witt, and i, ike Organizations: Twitter, Service, Trump, US, itt, Fox, Adv
We recommend letting bitcoin digest its strong gains of late in a short-term consolidation phase before adding exposure. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: bitcoin, Katie Stockton Organizations: Trump, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: bitcoin
New York Times tech workers are ending their strike after a weeklong stoppage. The Tech Guild, formed in 2021, represents 600-plus engineers. AdvertisementNew York Times tech workers are ending their strike and returning to work Tuesday after a weeklong work stoppage, a Times spokesperson told Business Insider. AdvertisementDozens of tech workers crossed the picket line, showing splinters within the unit. Formed in 2021, the Tech Guild represents upward of 600 engineers.
Persons: , didn't Organizations: New York Times, Times, Tech, Service, of New, Tech Guild, Company Locations: of New York
One ex-member of the branch said he thinks North Korea did send special forces, but not its best. AdvertisementAs questions arise over the quality of Kim Jong Un's troops in Russia, a former soldier who served in North Korea's special forces said they're likely the country's elite troops. North Korean leader Kim Jong Un attends a military demonstration in North Korea, in this picture released on March 16, 2024. During a September visit to a training base, Kim lauded the division's members as each being worth 100 typical North Korean soldiers. This image released by South Korea's spy agency the National Intelligence service shows North Korean leader Kim Jong-Un watches numerous shirtless North Korean troops in combat training, according to the agency.
Persons: , Kim Jong, they're, Lee Woong, gil, Kim Jong Un, REUTERS Lee, Lee, there's, Kim, James JB, Insider's Mia Jankowicz, South Korea Kovalenko Organizations: Storm Corps, Service, Korea Times, North, KCNA, REUTERS, The Korea Times, Associated Press, Wall Street, Ukraine's Center, National Intelligence, National Intelligence Service, South, Kremlin Locations: Russia, North Korea, North, South Korea, Seoul, Washington, Ukraine, Kursk, Korean, South
One thing that's widely understood is the artificial intelligence revolution is still in its infancy, and Nvidia is the go-to company for what's needed to run AI workloads. Microsoft : "We expect capital expenditures to increase on a sequential basis, given our cloud and AI demand signals," CFO Amy Hood said. Put another way, can the world's most valuable company, at nearly $3.6 trillion, get even more valuable? On current numbers, Nvidia is trading at about 37x calendar year 2025 earnings estimates. Visitors check out Nvidia's AI technology at the 2024 Apsara Conference in Hangzhou, China, on September 19, 2024.
Persons: hasn't, Donald Trump's, Trump, Piper Sandler, Morgan Stanley, Nvidia's, NVDA, OpenAI's, we're, Anat Ashkenazi, Susan Li, Andy Jassy, Amy Hood, Hood, Piper, Blackwell, Hopper, Melius, , Jensen Huang –, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Apple, Wall Street, White, Nvidia —, Melius, Blackwell, Trump, Google, AWS, Microsoft, Melius Research, Biden, CNBC, Visitors, Nurphoto, Getty Locations: China, CapEx, Beijing, U.S, Hangzhou
Analysts said tariffs on cars imported from Mexico would have dire consequences for US automakers. Tesla announced in March 2023 that it was planning to build its seventh gigafactory near the industrial hub of Monterrey, Mexico. Trump vowed to clamp down on automakers building cars in Mexico on the campaign trail, and the prospect of new tariffs could force US automakers such as Tesla to make some hard choices about operational or planned factories in Mexico. Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing in Mexico. Other automakers have expanded their presence in Mexico, despite the uncertainty of the election and the prospect of tariffs under a second Trump term.
Persons: Donald Trump, Elon Musk, , Tesla, Trump, It's, Donald Trump's, Alex Brandon, Musk, Sam Fiorani, Fiorani, Ford, David Whiston, Scott Olson, BYD, Stephanie Brinley, Alanis King, Brinley, Stellantis Organizations: Service, Mexico —, AP, UBS, Trump, AutoForecast Solutions, General Motors, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, BYD, Chrysler, Street Journal, BMW, P Global, Toyota Tacoma, GM Locations: Mexico, Monterrey, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí
Amazon is reportedly developing smart glasses that its delivery workers could use. Amazon has offered Echo Frames, its smart glasses for consumers with voice assistant Alexa integrated, since 2019. Sales of the latest version of Echo Frames totaled fewer than 10,000 over the past year, according to the report. Over the years, some Amazon delivery workers have said that Amazon has highly ambitious delivery targets and expects them to deliver more packages than they can during their shifts. AdvertisementAre you an Amazon delivery or retail worker?
Persons: , Amazon's, Amelia, Alexa, Brian Olsavsky, they're Organizations: Amazon, Reuters, Service Locations: Amazon
The cast of "Wicked" has been promoting the film ahead of its November 22 release. Many of the stars' looks nod to the film, whether through color scheme or tone. Cynthia Erivo and Ariana Grande's green and pink looks celebrating the film have stood out. Much of the "Wicked" cast has been "method dressing" throughout the film's press tour, wearing outfits that nod to themes or plot points in the movie. Take a look at the best "Wicked"-inspired looks from the film's press tour, ranked from least to most on theme.
Persons: Cynthia Erivo, Ariana Grande's, , Zendaya, Margot Robbie, Jonathan Bailey, Jeff Goldblum Organizations: Service
AOC during a recent Instagram Q&A asked voters why they backed her candidacy and Trump's reelection. Ocasio-Cortez strongly backed Harris and stumped for the vice president during the 2024 campaign. AdvertisementMany voters who split their tickets between Ocasio-Cortez and Trump or other Democratic candidates and Trump pointed to two key issues: the economy and the conflict in Gaza. And the vice president sought to reassure voters concerned over the Israel-Hamas war and the plight of Palestinians that she would work to secure peace in the region as president. The president-elect made major inroads, notably in several Democratic-heavy states, as many voters remained frustrated over the direction of the country.
Persons: Cortez, Harris, , Kamala Harris, Alexandria Ocasio, Donald Trump's, Trump, Joe Biden, ⬇️, nsB6X05Fp2 — Sidney D Johnson Organizations: Service, New York Rep, New, Congressional, Trump —, Democratic, Trump, Dem, dems Locations: Gaza, Ocasio, Alexandria, Cortez, New York's, Israel
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Wall Street firm Jefferies boosted its Salesforce price target to $400 per share from $350, implying 40% updside from Friday's close. 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 . Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m.
Persons: Jim Cramer, Jeff Marks, Jefferies, Marks, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Devices, Broadcom, Nvidia, Wall Street, Federal Reserve, Jim Cramer's Charitable Locations: Friday's
When Omarni Webb decided she wanted to get a master's degree, she was determined not to go into debt. Webb completed a master's degree in marketing in Sweden and later worked as a data analyst. I figured that having a master's degree would give me an edge because I would know how to design clothes and market them. I looked at Columbia and New York University but soon realized that I couldn't afford to go to either, even if I got accepted. I had gotten through college with no debt and wanted to do the same for my master's degree.
Persons: Omarni Webb, Webb, , Pell Grant, TJ Maxx, I'm, Erin Organizations: Ikea, Service, Fashion Institute of Technology, Citadel, New York University, NYU's Stern School of Business, Mälardalen University, Stockholm University, Marvel Locations: Sweden, Manhattan, New York, Columbia, Burlington, Marshalls, Västerås, Stockholm, Brooklyn, London, Europe, Germany, Estonia, Denmark, Finland, Paris
There's a struggling auto parts stock where a notable activist is involved that could be ripe for a turnaround... but it may take some time. Although Advance Auto was the smallest of the three at the end of 2021, these companies, ostensibly selling similar products, were within the same order of magnitude as of 2021. AAP 1Y mountain Advance Auto Parts, 1 year Between the company's poor operating performance and the stock's sharp declines, it is unsurprising that sell-side analysts aren't enthusiastic. Advance Auto Parts seems a good candidate, and scanning the holders of AAP, it seems some well-known activists, such as Third Point agree . While the activist's strategy may be sound, it might be challenging to implement due to market conditions or capital constraints.
Persons: There's, O'Reilly, Autozone, Russell, Shane O'Kelly Organizations: Parts, Autozone, O'Reilly Automotive, AAP, Advance, Auto, Advance Auto, Carlyle Group, Home, CNBC, NBC UNIVERSAL Locations: Jan
Ukraine said Monday that Russia has been using decoy drones to try and overwhelm its air defenses. Ukraine said it examined a Russian decoy drone and found Western-made parts inside of it. AdvertisementThe Ukrainian military said on Monday that it found Western-made parts inside a Russian decoy drone that was used in an attack over the weekend. However, the decoy drone — which Ukraine calls "Parody" — can apparently mimic the radar signature of a Shahed in a bid to confuse Kyiv's air defenses with fake targets. AdvertisementA look inside a Russian decoy drone.
Persons: , HUR, Mihai Popșoi Organizations: Monday, Service, Defense Intelligence, Ministry of Defense, Ukraine, Telegram Russia, Getty Locations: Ukraine, Russia, Moldova, NATO, Europe, Iran, Tehran, Belarus, Moldovan
My American family of five, two adults and three kids, lives in an apartment in Germany. AdvertisementOur family of five, two adults and three children, lives in an apartment in Germany. Apartment life is the norm where we live — most of our friends who have kids also live in apartments. However, since, by default, apartment life makes you more minimalist in terms of anything from furniture to toys, this certainly was helpful in regards to having far fewer boxes to pack. Apartment life is something that I feel contributes to our sense of community.
Persons: , We've, we've, I'm, we're Organizations: Service Locations: Germany
Elon Musk and other MAGA figures are onto a new fight: Who will be the next Senate Majority Leader. John Thune and John Cornyn. AdvertisementWith President-elect Donald Trump now on his way to the White House, his allies are settling on a new target: Getting a loyalist installed as Senate Majority Leader. Ahead of Mitch McConnell's long-awaited retirement from leadership, Republicans are set to choose a new leader on Wednesday of this week. John Thune of South Dakota, John Cornyn of Texas, and Rick Scott of Florida.
Persons: Elon Musk, MAGA, Sen, Rick Scott, Sens, John Thune, John Cornyn, Trump, , Donald Trump, Mitch McConnell's, John Thune of, John Cornyn of, Rick Scott of, Scott, Tucker Carlson, Robert F, Kennedy, Jr, Scott isn't, Kevin McCarthy, there's Elon Musk, Musk, Elon, Trump's, Cornyn, they'll, McConnell, that's, That's Organizations: Service, White, Republicans, Trump, GOP, Business, Senate Trump, Capitol, Republican, Punchbowl News Locations: Sens, John Thune of South Dakota, John Cornyn of Texas, Rick Scott of Florida, Florida, Texas, Ukraine
The package could include 60 F-35 fighter jets and 400 Patriot missiles, the FT reported. According to the Financial Times, the package could include 60 F-35 fighter jets, four Advanced Hawkeyes, 10 retired warships, and 400 Patriot missiles. "Taiwan is thinking about a package to show that they are serious," one former Trump administration official told the Financial Times. Blandin added that it's highly unlikely the US would send troops to defend Taiwan in the event of a Chinese attack. AdvertisementIn 2022, Biden vowed to defend Taiwan in case of a Chinese attack.
Persons: Donald Trump, , Trump, Benjamin Blandin, Blandin, Sari Arho Havrén, Biden, Karoline Leavitt Organizations: Patriot, Service, Financial Times, Hawkeyes, Lockheed, Aegis, Business, Reuters, Institute for Economics, Peace, Bloomberg, Yokosuka Council, Pacific Studies, Trump, Taiwan, Royal United Services Institute, Air Missile Systems, White, British Locations: Taiwan, China, United States, Yokosuka, Asia, Singapore, Philippines, London, Taipei
Career experts spoke to BI about the small details in an interview that could cost you a dream role. Some job seekers report applying to hundreds of jobs before landing an interview. AdvertisementJulia Toothacre and Jerry Lee at career consulting firm Wonsulting, spoke to Business Insider about the tiny details things that could cost you a job offer. Lee, who previously worked at Google, said he would usually smile at the receptionist and chat a little before every interview. "If you don't have anything, that is a signal to them that you're not necessarily taking the interview seriously."
Persons: , Julia Toothacre, Jerry Lee, Wonsulting, Lee, Toothacre, she's, it's, I've Organizations: BI, Service, US Bureau of Labor Statistics, Google
I planned to travel to Paris for my 40th birthday with my friend, but she canceled last minute. On one solo trip to Paris, I met my future husband, and it felt like fate. While I couldn't seem to do much about my marital status, I could take a trip to Paris. She wasn't going to be able to make it to Paris after all. I'm so happy that my friend decided not to join me for that first trip to Paris.
Persons: , Paris, Frenchman, We've Organizations: Service, Mont Saint Locations: Paris, Europe, Seine, Mont, Versailles, Prague, Venice, Marais, Los Angeles
Philip Wiseman and his wife moved to Idaho because they were fed up with California's politics. AdvertisementThis as-told-to essay is based on a conversation with Philip Wiseman, a 70-year-old retiree who moved from California to Idaho with his wife in 2021. Data compiled by Idaho officials showed 78% of voters who moved from California to Idaho registered as Republicans between 2020 and 2023. We miss our California and what California used to be. I used to love California but things changed as I got olderI moved to California when I was around 30.
Persons: Philip Wiseman, , Monte Sereno, Biden, couldn't, we've, We've, We're, I'm Organizations: Republican, Service, Idaho, Biden Locations: Idaho, Eagle , Idaho, California, Northern California, Silicon, Monte Sereno, Los Gatos, California . California, Nevada, Texas, Arizona , Nevada , Tennessee, Florida, Boise, Eagle, Oregon, Seattle
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Here's how police racism worksThat's when I learned there's a right — and a wrong — way to respond to stressful events, whether at home or at work. Twenty-three years later I'm a dad of three, and use the same tactics to respond to 911 calls that I use to handle stressful situations at home. Later in the day, I might find myself in a stressful situation. Today, I use the same approach to prepare for public speaking, which is sometimes part of my job.
Persons: Ryan Fields, He's, Organizations: Service, Met Police Locations: FirstNet, Colorado
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
I moved my family to Puerto Rico for my job — we were excited about the warm weather and beaches. Once we moved, we struggled to adjust and we felt a lot of loneliness being far from family. AdvertisementIn 2015, the opportunity to move from Pennsylvania to Puerto Rico presented itself by way of a job offer with a med-tech company. AdvertisementReally, living in Puerto Rico was a lonely experience for all of us. AdvertisementAfter about a year of stress and tension, we returned to the StatesWe lasted in Puerto Rico for about a year until my family and our belongings headed back to Pennsylvania.
Persons: , I'd, hadn't, We'd Organizations: Service Locations: Puerto Rico, Pennsylvania, Cataño, Puerto
In response to the election loss, Bernie Sanders is blaming Democrats, not Joe Biden. Democrats didn't get enough support from the working class, Sanders said. It is not working for the working class. "The Democrats need an explanation, and that explanation is corporate greed and the power of the billionaire class. I know that's uncomfortable for people in the Democratic Party, some people, but that is the issue we have to address."
Persons: Bernie Sanders, Joe Biden, Democrats didn't, Sanders, Donald Trump, , Sen, Bernie Sanders isn't, Joe, Biden, Donald Trump's, Nancy Pelosi, Pelosi, Trump Organizations: Democrats, Service, Democratic, NBC, New York Times, Times, Democrat Party, Social Security, Democratic Party
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