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Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. BEIJING — President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social. The post immediately followed one in which Trump said his first of "many" executive orders on Jan. 20 would impose tariffs of 25% on all products from Mexico and Canada. He cited illegal immigration and illicit drug trade as reasons for the tariffs. "I have had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States – But to no avail," Trump said.
Persons: Donald Trump, Trump Organizations: Bund, BEIJING —, United Locations: Shanghai, China, BEIJING, U.S, Mexico, Canada, United States, Beijing, Washington
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
Digital render of NEOM's The Line project in Saudi Arabia The Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. The changes come as the Saudi deficit grows and the outlook for oil demand, along with global oil prices, sees sustained lows. Construction for The Line project in Saudi Arabia's NEOM, October 2024 Giles Pendleton, The Line at NEOMThat begs the question: does Saudi Arabia have enough money to meet its lofty goals? Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns." Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch.
Persons: Prince Mohammed bin Salman, Saudi Arabia's NEOM, Giles Pendleton, Andrew Leber, Leber, Mohammed Al, Jadaan Organizations: Saudi, Public Investment Fund, CNBC, Tulane University, Saudi Finance, Fitch, , P Global, Al Locations: Saudi Arabia, NEOM, Saudi, Neom, Saudi Arabia's, Riyadh
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
AdvertisementHuawei is set to launch its new line of Mate 70 phones on Tuesday. It marks a new era of self-sufficiency at a moment of tech division between the US and China. On Tuesday, the Shenzhen-based tech giant is set to unveil a slate of new smartphones — the Mate 70 series — that will be the most free they have ever been of Western software and hardware. The Huawei Mate 60. Depending on the success of the Mate 70 phones, that gap could widen in the months ahead.
Persons: Donald Trump, Joe Biden's, Trump, , Wang Gang, Beijing's mandarins, Tim Cook, Steve Jobs Organizations: Huawei, Wall Street, Kirin, Bloomberg, Apple Locations: China, Shenzhen, Washington
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
If they look beyond their travel plans, they may even spy an investment opportunity, according to Nuveen. The Transportation Security Administration is expecting one of the busiest Thanksgiving travel periods on record for the nation's airports. That is keeping pace with the increase in air travel demand in recent years. "So as travel increases, a lot of what's being financed is these amenities and lounges and better restrooms." What Nuveen looks for There are a number of airport revenue bonds within Nuveen's muni funds.
Persons: Daniel Close, Munis, John F Organizations: Transportation Security, TSA, American Municipal Bond Fund, Airports, AMT, Republican, AAA, LaGuardia, Kennedy, Dallas Fort Worth International Locations: White, Nuveen's, New York, Dallas
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
In addition, we will buy 5 shares of Eli Lilly at roughly $750. Separately, we can finally add to our position in Eli Lilly. We want to buy into this correction because Eli Lilly shares are back trading at an appealing valuation relative to its growth rate. If you look out to 2026, Lilly shares are trading at roughly 25 times. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Eli Lilly, Jim Cramer's, Bristol Myers, Chris Boerner, Karuna, Robert F, Kennedy Jr, Lilly, Jim Cramer, Jim Organizations: Myers Squibb, BMY, pharma, Karuna Therapeutics, FDA, JPMorgan, Bristol, of Health, Human Services, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, NYSE Locations: Bristol, New Jersey, U.S, New York City
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
On his "Money for Couples" podcast, self-made millionaire and money expert Ramit Sethi often meets couples with varying levels of income and net worth who feel badly about money. Many of the couples think they just need more money to feel better, but that's often not the case, Sethi tells them. For many people, how you feel about money is uncorrelated to the amount in your bank account. The couple earns a combined $365,000 a year and have a $1.5 million net worth, yet they constantly disagree about financial decisions and can't stop worrying about money. Nathan and Linda know their numbers, maybe even too well.
Persons: Ramit Sethi, that's, Sethi, Nathan, Linda, he's, it's Locations: Linda
AdvertisementElon Musk says a lot of us are doing it wrong when it comes to posting links on X. Musk says this will stop "lazy linking." For anyone who posts links to X, it's been intuitively clear that since Elon Musk took over, posts with links don't get the same reach as they used to. This just stops lazy linking. AdvertisementMusk says this is meant to stop "lazy linking" — which … I'm not sure exactly what that is.
Persons: Elon Musk, it's, Paul Graham, Elon, You've, they're, … I'm, that's, — Paul Graham Organizations: Elon, Twitter
Bombas' early Black Friday deals start now and the brand is offering 20% off sitewide through Thanksgiving. If you need one more reason to stock up during Bombas' Black Friday deals, consider that for every pair of socks and underwear purchased, Bombas will donate a pair to the homeless community. Top Black Friday Bombas deals Our favorite ankle socks for women, the Tri-Block Ankle Socks, are 20% offThe thick and scrunchy Chunky Ragg Half Calf Socks are 20% offGet high-quality workout underwear like the No Show Hipster for 20% offThe warm and cozy Gripper Slipper is 20% offThe best Black Friday Bombas deals for womenBombas Tri-Block Ankle Socks $10.40 $13.00 Save 20% These ankle socks are great if you wear sneakers everyday. View at BombasBombas Women's Gripper Slipper $38.40 $48.00 Save 20% The Bombas Gripper Slipper feels like wearing something halfway between a slipper and a sock, and the new redesign features double the cushioning. You can shop Bombas' early Black Friday sale between Saturday, Nov. 23 and Thursday, Nov. 28.
Persons: Bombas, Women's, , Kaplan, Mary Janes, Gabrielle Chase, Bombas Men's Organizations: Business, Bombas
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
Astronomers, mathematicians, and naturalists spent three years studying the country. Napoleon's invasion failed, but it led to some groundbreaking scientific work. Related VideoWhen Napoleon invaded Egypt in July 1798, he brought more than just tens of thousands of soldiers. The scientists' tasks were made more difficult because the ship carrying much of their surveying and scientific equipment had sunk . Then, after a series of defeats in Egypt, Napoleon returned to France in 1799 and left many of the scientists stranded.
Persons: Napoleon, It's, Ridley Scott's, Joaquin Phoenix, Napoleon Bonaparte's, Egypt that's Organizations: Institut Locations: Egypt, Cairo, France
AdvertisementTop economist Steve Hanke said that it's "nonsense" to think Trump's policies will spur inflation. Instead, inflation will depend on the Fed and the money supply, which has contracted since 2022. Advertisement"All this talk about Trump's policies are going to cause inflation to kick up again is just nonsense," the top economist said. "It depends on what the Fed is doing and what the monetary policy picture looks like with the money supply." Bessent has suggested ways to spread out any inflationary impact from Trump's trade policies.
Persons: Steve Hanke, Donald Trump's, Hanke, Trump's, Scott Bessent, Bessent Organizations: Fed, CNBC, Federal Reserve, NYSE, Trump
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
The results showed that 78% of prospective buyers of AI-enabled iPhones would pay a monthly subscription to get unlimited access to Apple Intelligence features. Similar to Morgan Stanley, the Melius analysts pointed to the delayed release of Apple Intelligence. Similar to Morgan Stanley and Melius, we see Apple's iPhone upgrade cycle as a story in the coming quarters, rather than right now. Don't trade Apple." With the delayed rollout of Apple Intelligence, it's clear to us that users may take longer to switch up to newer models.
Persons: Morgan Stanley, iPhones, gamed, Said, Melius, Jim Cramer, Morgan Stanley's, Jim, It's, Apple's, Donald Trump's, Jim Cramer's Organizations: Apple Intelligence, Huawei, Apple, Research, Management, CNBC, Nurphoto, Getty Locations: China, India, Manhattan , New York
Wall Street launches new ways to bet on bitcoin
  + stars: | 2024-11-25 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +2 min
As solana reported hack, after hack, bitcoin didn't really change. Wall Street is also decking the coin with all its familiar trappings like exchange-traded fund wrappers and allowing traders to hedge positions and make leveraged bets. In January, spot bitcoin ETFs began trading, which opened the door to more mainstream investors. Last week, options on those spot crypto products finally started to go live on the Nasdaq and New York Stock Exchange. CBOE Global Markets is also set to list its first cash-settled bitcoin ETF options on Dec. 2.
Persons: bitcoin, solana Organizations: Traders, Nasdaq, New York Stock Exchange, CBOE
AdvertisementDatabricks CEO Ali Ghodsi isn't the biggest fan of interviews and "gotcha questions." Ghodsi prefers to analyze candidates by testing them with a real challenge within the company. "I don't believe in interviews because I think some people interview well, and they might not be good at all," he said. "And some people interview really poorly, but they might be excellent." AdvertisementGhodsi is not the only executive who finds standard interview questions to be a lacking litmus test for potential hires.
Persons: Ali Ghodsi, Ghodsi, JP Morgan, Carla Hassan, Ali Ghodsi doesn't, Logan Bartlett, Jensen Huang, Huang Organizations: Nvidia
A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. The People's Bank of China kept the medium-term lending facility rate unchanged at 2.0% on 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions, according to the bank's official statement. Keeping the MLF rate intact allows for "greater policy maneuverability" given the change in U.S. administration, at a time when commercial banks' net-interest-margins have remained tight, Pang added. "A delayed reduction in the [MLF] lending rates" would also bolster the yuan against the stronger greenback, JLL's Pang added. Unlike the Fed's focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy.
Persons: Jiang Qiming, Donald Trump's, Bruce Pang, PBOC's, Pang, Wang Tao, Zhiwei Zhang, JLL's Pang, Gary Ng, PBOC, Pan Gongsheng Organizations: People's Bank of China, China News Service, Getty Images China, U.S, Research, UBS Investment Bank, Beijing Locations: Beijing, China, Greater China, JLL
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
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
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Donald Trump's, Scott Bessent, Bessent, it's, Stanley Black, Decker, Stanley, Trump's, We're, Trump, we're, we'll, JM Smucker, Jim Cramer's, Jim Organizations: CNBC, Stanley, EBW, Reuters, Biden, LNG, Coterra Energy, Abercrombie, Fitch, Burlington Stores, Dick's Sporting Goods, Jim Cramer's Charitable Locations: China, Israel, Kohl's
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