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CNBC's Jim Cramer on Tuesday defended his stance on cryptocurrency, saying he endorses owning some as a hedge against government spending and a ballooning deficit, as "national debt worries are never going to go away." Some on Wall Street believe that due to cryptocurrency's fixed supply, it will be a solid asset in the event that continued excessive federal spending — and a widening U.S. national debt — devalues the dollar. However, he acknowledged that cryptocurrency is also fairly new and doesn't yet have a proven track record. Cramer expressed skepticism that the government will be able to solve the debt issue any time soon. "I think bitcoin, ethereum and maybe even some other cryptocurrencies deserve a spot in your portfolio, too," Cramer said.
Persons: CNBC's Jim Cramer, I've, , Cramer, cryptocurrency
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
She usually shopped at Publix, but in 2021, when inflation was sending grocery prices soaring, her curiosity got the better of her. AdvertisementAs grocery prices have jumped by double digits over the past few years, people have felt the sting. So how did a German grocery chain find such a ravenous following in America? For comparison, about 20% of groceries sold in the US last year were store brands, according to the Food Marketing Institute. He expects to see even more Aldi stores opening.
Persons: Julie Herron, Herron, Theo, Karl Albrecht, Aldi, wasn't, Oscar Mayer, Gen Z, Scott Patton, Patton, Joe's, there's, Phil Lempert, She's, Lempert, it's, Dunnhumby, Zak Stambor, I'm, Trump, Jason Hart, they'll, Alex Bitter Organizations: Aldi, Kroger, Foods, Iowa City, Employees, Bank of America, Food Marketing Institute, Aldi USA, Costco, Facebook, Southeastern Grocers, Winn, EMARKETER, Business, Walmart Locations: Nashville, Aldi, Euromonitor, America, Germany, Iowa City , Iowa, Charlotte , North Carolina, Wisconsin, Florida, Washington and Colorado, Illinois
AdvertisementTrump's second term may not bode well for Chinese fast-fashion brands in the US. Gen Z-favorite brands like Shein and Temu will likely be hit hard by such tariffs. Donald Trump's victory in the presidential election could spell trouble for Chinese fast-fashion brands, particularly Gen Z-favorite budget brands like Shein and Temu. While campaigning this year, Trump said he would impose tariffs of 60% or higher taxes on Chinese products. AdvertisementAnd while Shein has become synonymous with fast fashion produced in China, it's facing rising competition from Temu.
Persons: bode, Gen, Temu, Donald Trump's, Trump, Liu Pengyu, PDD, David Jacks, Jacks, Lei Chen, PDD's, Jeffrey Towson, Emily Pfeiffer, Forrester, Pfeiffer, Jacob Cooke, Vox, Shein, Biden Organizations: National Retail Federation, Singapore's Yale, NUS College, TechMoat Consulting, Towson, Amazon, Bloomberg Locations: China, Bangladesh, Morocco, Temu
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on November 26, 2024, in New York City. U.S. stock futures opened little changed on Tuesday night as traders await the release of the Federal Reserve's favorite inflation gauge. Futures tied to the Dow Jones Industrial Average added 20 points, or 0.04%. Economists polled by Dow Jones expect a year-over-year increase of 2.8% for the core reading, which excludes food and energy. Both the S&P 500 and the Dow Jones Industrial Average reached fresh intraday and closing highs.
Persons: Dow Jones, Stephen Stanley, CNBC's, That's, It's Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dell Technologies, Fed, Santander U.S, Capital Markets Locations: New York City . U.S, U.S
AdvertisementI tested three store-bought pie crusts from Pillsbury, Giant Eagle, and Marie Callender's. The Pillsbury crust was easy to work with and looked almost pristine after I baked it. Marie Callender's crust had the best butter flavor and thick-yet-flaky texture. Related Video The best baguettes in New York CityThat's where store-bought pie crusts, already fitted into oven-safe containers, can come in handy. To find out, I reviewed crusts from Pillsbury, Marie Callender's, and Giant Eagle (the grocery store's generic brand) and compared them on price, looks, usability, and flavor.
Persons: Giant, Marie Callender's Organizations: Pillsbury Locations: New York City, Pillsbury
Pt Stock | Moment | Getty ImagesWhen Americans measure success, they're not often thinking about their net worth or account balances. "Few people view wealth itself" as the best benchmark, said Rebecca Rickert, head of communications at Empower. Only 27% believe wealth is the highest measure of success, the report found. 'You have to strike a balance'"Americans are equating success with happiness as to what money can buy," said Rickert. About 35% of polled Americans believe the economy is the top barrier to success, followed by income instability at 30%, the Empower report found.
Persons: they're, , Rebecca Rickert, That's, Rickert, Clifford Cornell, Cornell Organizations: Bank of America, Joint Center for Housing Studies of Harvard University Locations: New York City, U.S
In the Ukraine war, drones are surveilling and striking enemy vehicles and troop positions. Four years ago, the SpaceX founder said a remotely controlled uncrewed fighter would be a better alternative to the F-35 and argued the future is autonomous drone warfare. AdvertisementIn the Ukraine war, drones have been a priority for combatants, but Ukraine still seeks Western fighter aircraft. Some former pilots and warfighting analysts say the US military should combine drones and crewed fighter aircraft. In this situation, uncrewed systems enhance crewed systems and vice versa.
Persons: Elon Musk, Eric Schmidt, Musk, SERGEI SUPINSKY, That's, Justin Bronk, Guy Snodgrass, Andrej Tarfila, Lockheed Martin, Mark Gunzinger, Bronk, Gunzinger Organizations: Army, Trump's Department, SpaceX, Getty, Royal United Services Institute, uncrewed, Lockheed, BI, US Air Force, Concepts, Mitchell Institute for Aerospace Studies Locations: Ukraine, Kyiv, Western, AFP
Annual recurring revenue jumped 27% to $4.02 billion, also ahead of the $4.01 billion estimate, according to FactSet. The team also called out the positive uptake of the Falcon Flex model announced last year at Fal.Con 2023. … Flex customers, on average have adopted more than nine modules, and we expect to see these numbers continue to rise faster." It's clear to us that the CrowdStrike Falcon platform is resonating with customers new and old. Non-GAAP operating income between $804.4 million and $809.4 million, also well ahead of the $781 million estimate.
Persons: CrowdStrike, FactSet, Jim Cramer's, George Kurtz, Kurtz, Falcon, " Kurtz, We've, , That's, Jim Cramer, Jim, Michael Nagle Organizations: LSEG, Falcon, Flex, … Flex, Palo Alto Networks, TAM, CNBC, CrowdStrike, New York Stock Exchange, Bloomberg, Getty Locations: cybersecurity
There was a huge need for cosmetologists who could work on textured hair, so I opened a salon. There are no gender roles in our homeBrian and I always operate as a team, dividing business work and housework. I'd get the kids to school and open the salon, driving the only car that fits the whole family. Related storiesI'm operating in a different atmosphere, and I'm exposed to financial concepts I wasn't even aware of coming up. We help the kids financiallySince The Doux launched to major retail in 2017, our financial success has given us more flexibility to be present for our kids.
Persons: Smith, Brian, Maya Smith, I've, I'd, we've, Autopay, Locations: Germany
AdvertisementRussia is considering deploying missiles in Asia if the US stations more systems there, a top official said. The remark hints at a potential for Russia to enter the fray in a region fraught with US-China tensions. Sergei Ryabkov, one of Russia's deputy foreign ministers, said on Monday that Moscow is considering deploying its short- to medium-range missiles in the Asia-Pacific. He had been asked by a reporter if Russia might station its missiles in Asian countries, according to the agency. Meanwhile, the US Army would respond by deploying long-range units from its Multi-Domain Task Force to the Philippines, per Kyodo News.
Persons: Sergei Ryabkov, Ryabkov, Trump Organizations: TASS, Kyodo, US, Kyodo News, Marine Littoral Regiment, High Mobility Artillery Rocket Systems, Marine, Regiment, US Army, Domain, Force, Associated Press, Xinhua, Nuclear Forces, Soviet Locations: Russia, Asia, China, Moscow, Washington, Beijing, Tokyo, Taiwan, Philippines, Japan's, Okinawa, Manila, Soviet Union
In the latest episode of "Happy Sad Confused," Mescal said his algorithm has "too much" of him. Related Video Threads vs. Twitter: What we know about the apps"I've got to quit the internet," Mescal responded. Related storiesGoing on a digital detoxMescal is not the only celebrity to have considered taking a break from social media. Instead of completely abstaining from social media, setting limits may be more helpful in managing phone addiction, Neha Chaudhary, a child and adolescent psychiatrist, previously told BI. Chaudhary recommends unfollowing accounts that can negatively impact your mental health to curate a more positive social media feed.
Persons: Paul Mescal, Mescal, Josh Horowitz, Lucius, Connell Waldron, Selena Gomez, Neha Chaudhary, Chaudhary Organizations: CBS
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
On top of that, almost 800 women a day died from "preventable causes" in pregnancy or childbirth in 2020, an "unacceptably high" figure, the WHO says. "Women's health [care] has been geared towards treating women who are sick and not keeping women well," said Amrish Nair, Biorithm's chief technology officer and co-founder. It can be used during contractions, providing information to clinicians for interventions where necessary. Femom's five electrodes capture electrical signals at the surface of the abdomen and transmit information to a dashboard, accessible by medical staff. "This device answer[s] a very basic question of all parents: how well is my baby?"
Persons: Amrish Nair, , Sihem, Tedjar, Thiam Chye Tan Organizations: World Health, WHO, CNBC Tech Locations: Singapore
As Musk increasingly turns his attention to politics, Afshar is set to help shepherd Tesla through this volatility. AdvertisementOver the seven years he has spent working for Musk, Afshar has emerged as one of the billionaire's most loyal lieutenants, driven and singularly focused on his goals. Years before Tesla, Afshar studied biomedical engineering at the University of California, Irvine, and worked as a ski instructor. At Tesla and other Musk companies, he said, "the mission is good, and what we're trying to do is right." AdvertisementThe four current and former colleagues said Afshar became lower profile at Tesla in 2022 but continued to work closely with Musk.
Persons: Omead Afshar, Afshar, Elon Musk, Musk, Tesla, Donald Trump, Aly Song, Seth Sharp, Drew Baglino, Rebecca Tinucci, Tom Zhu, Zhu, Elon, Sharp, Omead, Behrad Vahidi, Tesla's, Suzanne Cordeiro, Jared Birchall, Walter Isaacson Organizations: North, Reuters, Tesla, University of California, Bloomberg, Street Journal, of Justice, Securities and Exchange Commission, SEC, DOJ, SpaceX, Financial Times, Twitter Locations: Austin, Germany, North America, Europe, China, Elon, Irvine, Westlake, Los Angeles, San Francisco, Texas, Austin , Texas, Shanghai
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
Vice President Sara Duterte said on Saturday that she'd spoken to a hitman to kill her boss and his wife. Philippine Vice President Sara Duterte openly threatened on Saturday to assassinate the country's president, marking the deepest fracture yet in an alliance they once formed for the 2022 election. AdvertisementEduardo Año, national security advisor to the president, added that authorities considered Duterte's threat a "matter of national security." But she also blasted the national security council, saying that its responsibilities related to the safety of the country, not a vice president's remarks about a president. AdvertisementA partnership doomed from the startIn the Philippines, the vice president and president are elected separately and don't necessarily hail from the same party or ideology, though Duterte and Marcos positioned themselves as running mates.
Persons: Sara Duterte, Duterte, I've, Ferdinand, Bong Bong, Marcos, you'll, BBM, Liza Araneta, Martin Romualdez, Eduardo Año, Duterte's, Rodrigo Duterte, Ferdinand Marcos Sr, Ronald Holmes, gunning, , Jorge Tigno, that's, Holmes, Tigno Organizations: of Representatives, voters, De La Salle University, of Education, Lawmakers, University of, Duterte, Senate, Business Locations: Philippines, Manila, China, Southeast
Bitcoin hit a new record high last week, with prices climbing above $99,000 for the first time. CNBC asked analysts for their take on why bitcoin has so far failed to breach the widely-watched $100,000 mark. "There's a ton of leverage in the system right now," Novogratz, a longtime crypto investor, told CNBC's "Squawk Box" on Friday. Novogratz added that he's advocating investors buy "straight bitcoin" rather than bitcoin-exposed plays, such as MicroStrategy which owns a huge, multi-billion-dollar pile of bitcoin in its corporate treasury reserves. Deutsche Bank's Laboure said she thinks the idea of a U.S. national bitcoin is still far off, practically speaking.
Persons: Fernando Gutierrez, Donald Trump, Trump's, hasn't, bitcoin, Andre Dragosch, Bitwise, Bitcoin, Dragosch, Novogratz, CNBC's, David Morrison, Morrison, Marion Laboure, Trump, Gary Gensler —, Deutsche Bank's Laboure, Laboure Organizations: Getty, CNBC, Galaxy Digital, Trade, Deutsche Bank, bitcoin, Trump, Securities, Exchange, Deutsche Locations: Juarez, Europe, U.S
R360 is a peer-to-peer networking group for people who have a net-worth of at least $100 million. There's a lot of concern about making sure children don't become spoiled or entitled. They don't want to hand over their wealth to their kids and have money go toward causes they don't support. AdvertisementThe adult children want to fill their parents shoesWe host a group for the adult children of our members. Families are transferring money over a lifetimeOur members aren't afraid to leave their children money.
Persons: Barbara Goodstein, didn't, They've, I've, they're Organizations: New Locations: New York City
That's why I can gladly round up all of the best early Black Friday deals for you, below. Keep scrolling to see the best Black Friday deals you can score now. To explore even more, check out our guides to the best Amazon Black Friday sales, the best Black Friday mattress sales, and the best Walmart Black Friday deals. Best Black Friday tech deals1Password Yearly Membership $16.00 $30.00 Save 47% 1Password is among the gold standard in password managers with its extensive list of features and benefits. View at AmazonSony 65-inch A95L OLED 4K TV $2,898.00 $3,399.99 Save 15% Sony's A95L is the best high-end TV you can buy.
Persons: it's, I've, It's, Dyson, Ooni, Branch Herman Miller Aeron, Herman Miller Aeron, Herman Miller, Amelia, Price, Secretlab Magnus, Magnus Pro, , Pant, editor's Organizations: Business, Walmart, Kindle, Apple, Dolby Vision, Alexa, HP, Samsung, Amazon Sony, Amazon, Keurig's Express, Sony, Slim, Walmart Sony PS5, Big, Branch, Secretlab, Nordstrom Locations: Tempur, Brooklinen, Bombas
It's a "capital junkie" that's been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. The April 2015 report highlighted the industry's massive capital spending on overlapping or niche products that Marchionne was convinced could be solved through consolidation and shared capital spending. Most capital spending by automakers isn't wasted, but the industry isn't as efficient as other sectors, with minimal return on invested capital. Stock Chart Icon Stock chart icon Stocks of GM, Ford and Chrysler parent Stellantis in 2024. Courtesy: Business WireGM and Hyundai this summer entered into an agreement to explore "future collaboration across key strategic areas" in an effort to reduce capital spending and increase efficiencies.
Persons: bender, Morgan Stanley, Adam Jonas, It's, Sergio Marchionne, Marchionne, Sergio Marchionne Brendan McDermid, Jonas, Joe Hinrichs, isn't, We've, Rebecca Evans, Roland Berger, Ford, Peter Rawlinson, Andrew Kelly, Oliver Blume, Blume, Paul Jacobson, Jacobson, Rivian, RJ Scaringe, Mary Barra, Euisun Chung, codevelop, Stellantis, , Carlos Tavares, Oliver Bunic Organizations: General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Reuters, Rivian Automotive, Hyundai Motor, Toyota, CSX Corp, Rehab, Nissan, CNBC, Lucid Motors, Nasdaq, Churchill Capital Corp, Reuters Volkswagen, VW, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, Stellantis NV, Bloomberg, Getty Locations: Casa Grande , Arizona, Detroit, Japan, Germany, That's, New York City , New York, Europe, China, U.S, Kragujevac, Serbia
AdvertisementElon Musk criticized the F-35 program on Sunday. The GAO expects the F-35 program to cost about $2 trillion over its entire lifespan. The billionaire reposted a video montage of coordinated drone swarms on X, writing: "Meanwhile, some idiots are still building manned fighter jets like the F-35." Meanwhile, some idiots are still building manned fighter jets like the F-35 🗑️ 🫠pic.twitter.com/4JX27qcxz1 — Elon Musk (@elonmusk) November 24, 2024It's unclear if Musk intends to use his new position to impact any plans or costs for the F-35, the Pentagon's most expensive fighter program to date. AdvertisementMusk has said before that the US should consider remote-piloted alternatives to manned jets, both to keep up with the rise in drone warfare but also to help Air Force procurement stay competitive.
Persons: Elon Musk, Musk's, Trump, Donald Trump, emoji, Musk Organizations: GAO
AdvertisementApple, which avoided the ad business for years, might finally be getting serious about it. You can see how Google strategists are gaming out Apple's ad ambitions in a newly surfaced document. So, how big could Apple's ad business get? Apple's current ad business is mostly confined to selling ads on its App Store search results page. The rest of "Operation Black Walnut" is useful for anyone trying to imagine what an Apple ad business could look like if Apple decides to build one.
Persons: Apple, Amit P, Mehta, Apple hasn't, Jason Kint Organizations: Apple, Google, TAC
Six travelers have died from suspected methanol poisoning after visiting the tourist town of Vang Vieng, Laos, this month. A lack of knowledge about methanol poisoning, from the public as well as the medical communities where outbreaks often occur, exacerbates the problem, according to the organization. Where incidents are the highestMost incidents of methanol poisoning occur in Asia, according to Doctors Without Borders. A website by Doctors Without Borders that monitors methanol poisoning says many foreign tourists have fallen victim to methanol poisoning after consuming incorrectly distilled "arak" in Bali, Lombok and Gili Islands. In September, several people were poisoned by methanol in Indonesia after consuming alcohol ordered off the internet, according to the website.
Persons: Colin Ahaern, it's Organizations: Doctors Locations: Vang Vieng, Laos, Australia, Denmark, United Kingdom, United States, New Zealand, Asia, arak, Bali, Lombok, Gili, Indonesia, Iran
Every four years, the holiday season is a little more challenging for retailers as consumers get distracted by the selection of the next U.S. president. Citigroup analyst Paul Lejuez expects consumers will spend an average of 13% more this holiday season based on the findings of the bank's consumer survey. "Consumer wallets remain constrained, macro/geopolitical uncertainty persists and the shorter holiday season (five fewer days and Christmas on a Wednesday)," will weigh on spending, analyst Christopher Horvers said. TGT 3M mountain Target shares over the past three months. Sensormatic Solutions, which tracks foot traffic at stores, is predicting that Black Friday will be the busiest shopping day this holiday season, but also expects a lot of last-minute shopping this year.
Persons: Paul Lejuez, Lejuez, Christopher Horvers, Horvers, Circana, they'll, Marshal Cohen, Cohen, Morgan Stanley, Alex Straton, it's, Straton Organizations: Citigroup, National Retail Federation, Target, Dick's Sporting Goods, Academy Sports, Walmart, Circana, Black, Morgan, Nike, Depot, Home Depot Locations: Minneapolis
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