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"There is an anomaly in French football and in Parisian football, that it is probably the only big city in Europe with only one big football club. France's billionaire Arnault family, owners of luxury group LVMH and one of the richest dynasties on the planet, is preparing to secure majority ownership of minor soccer club Paris FC — but sees any sporting turnaround as a long-term aim. Antoine Arnault speaks to the media during the Paris FC press conference at Groupe ADP – Centre d’entrainement Paris FC on November 20, 2024 in Orly, France. Asked by CNBC whether he saw Paris FC as a potential challenger, Arnault said: "That would be very immodest of us, to even compare ourselves to Paris Saint-German. Arnault told CNBC that if his family wanted a "trophy asset," they would have looked elsewhere.
Persons: Arnault, CNBC's Charlotte Reed, Red Bull, Antoine Arnault, Bernard Arnault, Bull, Germain, We're, Jürgen Klopp, Ryan Reynolds, Rob McElhenney Organizations: Paris FC, Associated Press, CNBC, Leipzig, Austria's, Paris FC —, Groupe ADP –, d’entrainement Paris FC, Qatari, titans Paris Saint, French, Paris Saint, League, Champions League, Liverpool, Premier League, Welsh, Wrexham AFC —, Bull Locations: Europe, Paris, Austria's Salzburg, Orly, France, English, Leipzig, Salzberg
London CNN —The coronation of King Charles III and Queen Camilla held in May last year cost British taxpayers £72 million ($91 million), an amount some have labeled excessive. The £72 million spent on the coronation could have paid for 24 million free meals for schoolchildren in London, based on the city government’s current budget of £3.00 ($3.75) per meal. Some additional spending came from the Privy Purse, the monarch’s private source of income, a royal source told CNN. “Plans (for the coronation) were scaled back,” the royal source told CNN. The culture department, in its accounts, said it had underspent its budget on the coronation by £2.8 million ($3.5 million).
Persons: King Charles III, Queen Camilla, Queen Elizabeth II, Finnbarr Webster, , Graham Smith, Sovereign Grant —, Sovereign Grant, , Elizabeth II’s, Max Foster Organizations: London CNN, Department for Culture, Media, Sport, Home Office, Volunteers, Republic, CNN, Sovereign, CNN’s Royal Locations: United Kingdom, Weymouth , England, British, London, Lancaster, London’s Westminster
The Trump trade showed its resilience this week
  + stars: | 2024-11-22 | by ( Brian Evans | ) www.cnbc.com   time to read: +3 min
Small-cap stocks were one of the biggest winners on Wall Street this week, serving as a prime example that the Trump trade is alive and well after a brief pause . Small caps were not the only components of the Trump trade that had strong gains this week. According to Tom Fitzpatrick, managing director at R.J. O'Brien & Associates, all signs point toward the Trump trade staying strong. Tesla, other stock components of the Trump trade Electric vehicle stock Tesla advanced nearly 10% this week. "I believe energy still has a lot to prove and the Trump trade didn't work out as well as investors thought it supposed to over his first term."
Persons: Trump, Russell, Donald Trump, Tom Fitzpatrick, Fitzpatrick, Bitcoin, Gary Gensler, Tesla, Elon Musk, Vivek Ramaswamy, Halliburton, Jay Woods, Woods Organizations: Nasdaq, Dow Jones, Investors, Trump, Tesla, Trump Media & Technology Group, Halliburton, U.S . Steel, O'Brien & Associates, CNBC, U.S, Securities and Exchange Commission, Freedom Capital Markets . Energy
X's new terms of service, which took effect Nov. 15, are driving some users off Elon Musk's microblogging platform. The terms are prompting some longtime users of the service, both celebrities and everyday people, to post that they are taking their content to other platforms. Although Musk said in May that X has 600 million monthly users, market intelligence firm Sensor Tower estimates X had 318 million monthly users as of October. That same month, Meta said Threads had nearly 275 million monthly users. Here are some of the noteworthy changes in X's new service terms and how they compare with those of rivals Bluesky and Threads.
Persons: Gabrielle Union, Donald Trump, Musk, Meta, Bluesky Organizations: Elon Musk's, Twitter, Bluesky's, CNBC Locations: Bluesky, Bluesky's U.S
It is very unusual for Chinese businesspeople to take public aim at the government and those who have done so have often faced repercussions. In particular, Pinduoduo’s pricing system has done great harm to China’s brands and its industries,” he was quoted as saying by state-owned media outlet The Paper. In further remarks from the same press conference that were not widely reported by state media, Zhong singled out the Chinese government for not doing more to stop the trend. CNN has reached out to Nongfu Springs and PDD (PDD) for comment. A worker prepares to transfer packages after sorting at a warehouse for an e-commerce company in Beijing on November 11, 2024.
Persons: Hong Kong CNN —, Zhong Shanshan, Zhong, Pinduoduo, Alibaba, Jack Ma, Ma, Colin Huang, Wang Zhao, Zhong’s, Huang Organizations: Hong Kong CNN, PDD Holdings, Sina Technology, CNN, Ant Group, Alibaba, Getty, Bloomberg Locations: China, Hong Kong, Beijing, AFP
AdvertisementUniversal released "Wicked" on the same day as Paramount's "Gladiator II." The coincidental release date has seen the movies dubbed "Glicked" — an echo of "Barbenheimer." They will have to make over $2 billion to compete with "Oppenheimer" plus "Barbie." There's a new "Barbenheimer" in town, as two other highly anticipated blockbusters, "Wicked" and "Gladiator 2," have premiered on the same day. Related Video A real-life Barbie Dreamhouse opens in MalibuThis created a cultural moment, dubbed "Barbenheimer," that breathed life into a struggling industry as cinemagoers approached the films as a double bill.
Persons: Oppenheimer, Barbie Dreamhouse, cinemagoers, Barbie, Paramount's, w8vhOkU6GY Organizations: Warner Bros, Universal, Teens Locations: Malibu
In federal court, the music mogul Sean Combs is facing a sweeping indictment that accuses him of running a criminal enterprise that engaged in sex trafficking and racketeering conspiracy. Online, a cottage industry of amateur sleuths, speculators and self-described past associates have accused him, often with little grounding, of far worse. After Mr. Combs was charged in September, the social media theorizing about rampant celebrity debauchery and additional victims only grew more feverish and conspiratorial. Soon, a man began showing up on true crime podcasts claiming he had been given videos that showed sexual encounters involving Mr. Combs and a variety of other stars, including some he said looked to be inebriated and underage. Media outlets have received anonymous emails offering to negotiate deals to provide the supposed footage, but none have published any images and it remains unclear whether such videos even exist.
Persons: Sean Combs, Combs, Mr Organizations: Media
Sexual misconduct allegations against Matt Gaetz had drawn scrutiny after Mr. Trump said he wanted to nominate him for attorney general. Mr. Trump moved quickly to replace Mr. Gaetz with another conservative favorite. Federal prosecutors ultimately dropped the case against Mr. Gaetz, but their chart of payments was obtained by the ethics committee, which was investigating whether Mr. Gaetz had sex with the woman when she was underage. After she turned 18, Mr. Gaetz paid for sex with her on at least two other occasions, the person said. Mr. Trump seemed attracted to Mr. Gaetz as attorney general especially because of the former congressman’s willingness to blow things up.
Persons: Matt Gaetz, Trump, Donald J, Gaetz, Pam Bondi, Gaetz’s, Pete Hegseth, Robert F, Kennedy Jr, Vance, Mr, ” Mr, “ Matt, Jean Carroll, Hegseth, Kennedy, Elon Musk, Linda McMahon, JD Vance, , , Todd Blanche, Blanche, implacably, Lisa Murkowski, Susan Collins of, Mitch McConnell of, John Curtis of Utah, Collins, McConnell, Murkowski, Curtis, John Cornyn, Kevin Cramer, Ginger Luckey, Kevin McCarthy, Andrew Bailey, Robert J, Giuffra Jr, Cromwell, Boris Epshteyn, Marco Rubio, Trump’s, Tim Balk, Michael Gold, Michael C, Bender, Karoun Demirjian, Robert Draper, Catie Edmondson, Maya C, Miller, Michael S, Schmidt, Noah Weiland Organizations: Senate, Justice Department, Republicans, Fox News, Trump, DOJ, Mr, SpaceX, World Wrestling Entertainment, Capitol, Republican, Fort Walton, Florida Panhandle, New York Times, Wednesday, The Times, CNN, Sullivan, Department, Justice, Alcohol, Tobacco, Firearms, Explosives, 119th Locations: Florida, Washington, Ohio, Monterey , Calif, Manhattan, Alaska, Susan Collins of Maine, Mitch McConnell of Kentucky, Texas, North Dakota, Fort, Fort Walton Beach, Missouri, New York
The Indonesian government expects Apple to increase its proposed $100 million investment into the country, according to state media, as the iPhone maker seeks clearance from Jakarta to sell its latest phones. According to a report from Indonesian state media, the country's Ministry of Industry met with representatives from Apple on Thursday regarding its proposal to invest $100 million over two years. "From the government's perspective, of course, we want this investment to be larger," industry ministry spokesperson Febri Hendri Antoni Arif told state media on Thursday. While Indonesia represents a small market for Apple, it also offers growth opportunities as it has the world's fourth-largest population, according to Le Xuan Chiew, a Canalys analyst focusing on Apple strategy research. Success in this market requires a long-term approach, and Apple's investment offer demonstrates a commitment to complying with local regulations and paving the way for future growth, he added.
Persons: hasn't, AirPods Max, Apple didn't, Febri Hendri Antoni Arif, Le Xuan Chiew Organizations: Fifth, Apple, country's Ministry of Industry, CNBC Locations: New York City, Indonesian, Jakarta, Indonesia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPuck's Matt Belloni on the future of cable networks and how Comcast can make 'SpinCo' workMatt Belloni, founding partner of Puck, joins CNBC's 'Squawk Box' to discuss Comcast spinning off its cable networks, the future of TV and the media industry, and more.
Persons: Matt Belloni, Puck Organizations: Comcast
AdvertisementRed Lobster recently introduced a revamped menu with no "endless shrimp." Red Lobster's new CEO said the chain's revamped menu — which no longer includes its infamous "endless shrimp" promotion — has already started to help turn things around at the struggling company. In 2023, the long-running chain made the once-limited-time offer of $20 endless shrimp a permanent menu fixture in an effort to get more customers in the door. Advertisement"Countless people grew up going to Red Lobster at important times in their lives," Adamolekun told the outlet. Advertisement"There's been so much turmoil around the business that some people just opted out," Adamolekun told Bloomberg.
Persons: Red, , Damola Adamolekun, Adamolekun, hadn't Organizations: Bloomberg, Street Journal
It was Combs’ third attempt before a federal judge to seek bail after two other judges found there were no conditions that alleviated concerns Combs was engaging in alleged witness tampering and posed a danger to women. Slavik claimed Combs violated the judge’s order limiting public statements and said Combs admitted it in one message. Earlier this year, CNN acquired and published surveillance footage depicting several different angles of the assault, which were edited together to help more clearly illustrate the incident. Slavik said prosecutors provided Combs’ team with cell phone video of the same assault that is captured on the hotel surveillance video. That was not edited.”Slavik said the government does not have the original surveillance video.
Persons: Sean “ Diddy ” Combs, Arun Subramanian, Combs, Christine Slavik, ” Slavik, Slavik, hasn’t, ” Combs, Marc Agnifilo, Cassie Ventura, Shapiro, ” Shapiro, , Organizations: NY CNN —, Intercontinental, CNN Locations: York, NY, Slavik, Miami, Manhattan, Los Angeles
President-elect Donald Trump announced Thursday evening that his new pick for attorney general is Pam Bondi. Bondi previously served as Florida’s attorney general. "For too long, the partisan Department of Justice has been weaponized against me and other Republicans — Not anymore," Trump said in a post to Truth Social. The attorney general position would require confirmation by the Senate. Trump praised Gaetz on Truth Social after he withdrew, saying that Gaetz "has a wonderful future."
Persons: Donald Trump, Pam Bondi, Matt Gaetz, , Trump, Pam, ” Bondi, Bondi, Hillary Clinton, , Gaetz, Vance Organizations: of Justice, DOJ, Trump, Senate, Republican National Convention, Pennsylvania ” Locations: Bondi, , Philadelphia
Sen. Bob Casey, D-Pa., on Thursday conceded the race for Pennsylvania's Senate seat to his Republican opponent, Dave McCormick. NBC News has not yet projected a winner. The slim margins of the race triggered an automatic recount, with results expected to be released next Wednesday. "I just called Dave McCormick to congratulate him on his election to represent Pennsylvania in the United States Senate," Casey said in a video posted to X. McCormick thanked Casey in a statement, saying that Casey has “dedicated his career to bettering our commonwealth.”“I am so honored to represent every single citizen in Pennsylvania in the United States Senate and will fight for you every day,” he added.
Persons: Sen, Bob Casey, Dave McCormick, Casey, McCormick Organizations: Senate, Republican, NBC News, United States Senate Locations: Pennsylvania
To examine the issue of human smuggling, De León spent seven years closely studying the lives of men dedicated to smuggling migrants from Central America and Mexico into the U.S. The result was his nonfiction book, “Soldiers and Kings: Survival and Hope in the World of Human Smuggling," which on Wednesday garnered De León the prestigious National Book Award for nonfiction. While De León interviewed countless migrants and smugglers, his book focuses on the journeys of nearly half a dozen people from Honduras, Mexico and elsewhere. That’s talking about smugglers, talking about the political economy of undocumented migration — and people don’t want that. Despite his years of experience, De León said he learned new lessons while working on the award-winning book.
Persons: Jason De León, De León, , “ I’m, ” De León, , De Organizations: U.S, NBC News, University of California, Cotsen Institute of Archaeology, Army Locations: Central America, Mexico, Los Angeles, Honduras, Philippines, Long Beach , California, Rio Grande Valley, Texas, America, U.S
A Maryland man recently made a remarkable discovery in the Chesapeake Bay: An almost-whole human skeleton that appears to be at least a century old. NBC Washington reported George Oliver, who lives in Calvert County, was walking the shores of the bay on Nov. 4, looking for fossils, as he usually does. Oliver told the station that he could see the coffin, but that it was completely submerged in water. "When I first found it, you could not tell that there was human remains," Oliver told NBC Washington. When he found the coffin, Oliver assumed that leg bone might have been a part of the newly-discovered skeleton.
Persons: George Oliver, Oliver, Kelcey Ward, Ward, it's Organizations: NBC Washington, NBC Locations: Maryland, Chesapeake, Calvert County, Calvert, NBC Washington, Oliver
Some major tech companies including Meta are taking steps to combat “pig butchering” scams, which trick Americans out of billions of dollars each year through fake online friendships and romances. Pig butchering scams are elaborate and often take months to unfold. Meta on Thursday announced it has taken its first major steps into addressing the scams, including dedicating staff to identify where scammers operate, sharing that information with international law enforcement, and taking down more than 2 million accounts this year. The announcement reflects how more tech companies are recognizing the severity of pig butchering scams. Calling themselves the Tech Against Scams coalition, the companies pledged to share scammer information with each other and better educate users.
Persons: they’ve, Meta, Jeff Lunglhofer, , Jake Sims, Operation Shamrock, , ” Sims Organizations: Meta, Facebook, FBI, Tech, NBC News Locations: WhatsApp, France, Cambodia, OpenAI
Matt Gaetz’s withdrawal Thursday as a candidate for attorney general illustrates the roadblocks President-elect Donald Trump could face as he attempts to convert his campaign of “retribution” into a governing coalition capable of working within the realities of Washington. In Gaetz, Trump would finally get the loyal attorney general he felt like he never had in his first term. But it was a tough sell from the moment Trump announced Gaetz as his choice eight days ago — in a pick that shocked much of Washington. In the end, it was the “combination of the ethics report and opposition among Senate Republicans,” that doomed Gaetz’s candidacy, a senior Senate aide told NBC News. Before Gaetz’s withdrawal Thursday, Trump allies were pushing hard on GOP senators and other ambitious Republicans to publicly support his embattled Cabinet picks.
Persons: Matt Gaetz’s, Donald Trump, , Gaetz, MAGA, Trump, , Vance, ” Gaetz, Sens, Mitch McConnell of, Lisa Murkowski, Susan Collins of, Markwayne Mullin, John Curtis of Utah, JD Vance, ” Sen, Mike Rounds, ” Rounds, Pete Hegseth, shouldn’t, Robert F, Kennedy Jr, Tulsi Gabbard, Matt, they’re Organizations: Republican, The Justice Department, Republicans, NBC News, Trump, Capitol, Gaetz, , Senate, Fox News, Justice Department Locations: Washington, Florida, Trump, Mitch McConnell of Kentucky, Alaska, Susan Collins of Maine, Oklahoma, Ohio, Hawaii
Apple is currently discounting some of our favorite wireless earbuds and over-ear headphones — the AirPods Pro 2 and AirPods Max, ahead of Black Friday. NBC Select reporter Harry Rabinowitz says they are the best wireless earbuds for anyone with an iPhone. Apple’s first over-ear bluetooth headphones, the AirPods Max have powerful audio quality, active noise cancelation, transparency mode and spatial audio. NBC Select associate reporter Bianca Alvarez loves using them to focus at work and when flying. Harry Rabinowitz is a reporter for NBC Select who has covered deals and sales for over two years.
Persons: AirPods Max, Harry Rabinowitz, , Apple’s, Max, Bianca Alvarez, , “ I’ve, Cory Fernandez, TikTok Organizations: Apple, NBC, Amazon, Facebook, Twitter
Percival Everett’s new novel, “James,” a retelling of “The Adventures of Huckleberry Finn” from the perspective of Huck’s enslaved companion, won the National Book Award for fiction on Wednesday. Critics have called Everett’s retelling “a slyly funny masterpiece.”The National Book Award is the latest in a string of accolades for the 67-year-old author, who has dozens of books and short stories under his belt. One of Everett’s books, “Erasure,” was adapted in 2023 into a film, “American Fiction,” starring Jeffrey Wright. The National Book Foundation awarded Jason De León’s “Soldiers and Kings: Survival and Hope in the World of Human Smuggling” in the nonfiction category. In response, National Book Foundation executive director Ruth Dickey has said Coates was being honored for his body of work rather than any individual publication.
Persons: Percival Everett’s, “ James, , Huckleberry Finn ”, “ James ”, Mark Twain, Jim, Everett, ” Everett, , Huck Finn, James ”, Booker, Jeffrey Wright, Jason De León’s, Barbara Kingsolver, Paul Coates, Critics, Coates, Ruth Dickey Organizations: BBC, Foundation, Black Classic Press, Book Foundation Locations: America
Jair Bolsonaro, the former president of Brazil, was one of 37 people the country’s federal police recommended for charges that include attempted coup d’état after the 2022 election that Bolsonaro lost. In a statement from Brazil's federal police, Bolsonaro and others are accused of violent abolition of the Democratic state of law, coup d’état and being a criminal organization. Once police present their report to Brazil’s Supreme Court, the office of the prosecutor general will decide whether to press charges against Bolsonaro and any former aides implicated. Senior members of Bolsonaro’s government were named by police, including his 2022 running mate, retired General Walter Braga Netto, who was defense minister, and retired General Augusto Heleno, who was national security adviser. Bolsonaro never recognized his October 2022 electoral defeat and he left Brazil days before Lula’s inauguration.
Persons: Jair Bolsonaro, Bolsonaro, d’état, Luiz Inacio Lula da Silva, Lula, Walter Braga Netto, Augusto Heleno Organizations: Democratic, Bolsonaro Locations: Brazil, Brasilia
“We’ve been dealing with severe challenges due to gang violence, which has essentially cut off ground transportation,” Thelemaque said. “Although the FAA says the ban will lift on Dec. 12, most airlines are rescheduling flights for February,” she said. “Families are consumed by the news of worsening violence and are mourning senseless killings.”The flight ban is also disrupting long-standing holiday traditions in this mostly Catholic and Christian country. “Now, that opportunity has been taken away.”Williams noted that the ban extends beyond Port-au-Prince to airports throughout the country, further isolating Haitians. “Some passengers have had to return to Europe or elsewhere.”Police officers coduct searches in a suburb of Port-au-Prince, Haiti on Tuesday.
Persons: Prince, Linda Thelemaque, Les Cayes, Hope, We’ve, ” Thelemaque, , , Yolette Williams, ” Williams, coduct, Guerinault Louis, Williams Organizations: U.S, Federal Aviation Administration, Spirit Airlines, FAA, Sunrise Airways, NBC News, American Airlines, Miami, U.S . State Department, Haitian American Alliance of New, Independence, ” Police, Anadolu, Getty Locations: Haiti, Port, Les, Caribbean, Miami, Haitian American Alliance of New York, United States, Dominican Republic, Haitian, Europe, Prince
My favorite is this pan from Our Place — the most versatile kitchen appliance I own and my most used option. Because it’s my most used pan, I’m consistently washing it, and even after every use, it remains pristine. Its adaptability and ease of use are also why it’s a favorite of NBC Select reporter Zoe Malin. For example, I have the bamboo steamer, which is great for making dumplings.”The Our Place Always Pan 2.0 comes in three sizes — mini, standard and large. My colleagues and I have also used the Our Place Always Pan 2.0 for over a year.
Persons: you’ve, Zoe Malin, , , Malin, It’s, TikTok Organizations: Amazon, NBC, Steam, Facebook, Twitter
If Steel wins, that number would be 151, the same number of women serving in Congress on Election Day, and the first stall in progress since 2016, when President-elect Donald Trump won his first term. Both scenarios mean the number of women in the next Congress will also fall short of the current record of 152 women, following Texas Democratic Rep. Erica Lee Carter’s special election win this month. Senate Republican women will also meet their current record, with nine in the chamber. The number of House Republican women will decrease because of some losses and retirements, falling from 34 in the current Congress to 31 or 32, depending on Steel and Miller-Meeks’ races. After Trump’s first election in 2016, Democrats did see a surge in women running for Congress in 2018, and a wave of Republican women stepped up to run two years later in 2020.
Persons: Mary Peltola, Republican Nick Begich, Michelle Steel, Derek Tran, Steel, Mariannette Miller, Meeks, Christina Bohannon, Donald Trump, Kelly Dittmar, Erica Lee Carter’s, ” Dittmar, Maryland’s Angela Alsobrooks, Delaware’s Lisa Blunt Rochester, North Dakota Republican Julie Fedorchak, South Carolina Republican Sheri Biggs, Elise Stefanik, Stefanik, ” Danielle Barrow, Sara Spain, Dittmar, ’ ”, Oregon’s Janelle Bynum, Laura Gillen, House Republicans ’, Trump’s, It’s, “ We’ve Organizations: Democratic Rep, NBC News, Republican, Senate, Center for American Women, Rutgers University's Eagleton Institute, Politics, Steel, Trump, Texas Democratic, Democratic, Senate Republican, North Dakota Republican, South Carolina Republican, United Nations, GOP, House Republicans Locations: Alaska, Southern California, Iowa’s, South, West Virginia , Ohio, Montana
A Wisconsin man is alive and well and likely in Uzbekistan after faking his own death in a staged kayaking accident — and is now in talks with officials hoping to bring him home to his family, authorities said Thursday. "Good evening, it's Ryan Borgwardt," he told the camera. While investigators did not go into detail about why Borgwardt went to Uzbekistan, they said he wasn't being held against his will. Ryan Borgwardt. Despite the manpower spent to look for him, Podoll didn't rule out that Borgwardt could avoid criminal charges if he just came home.
Persons: Ryan Borgwardt, it's Ryan Borgwardt, Borgwardt, Lake County Sheriff Mark Podoll, wasn't, Podoll, it's, Ryan, We're Organizations: Lake County Sheriff, Dodge, Ocean, Investigators Locations: Wisconsin, Uzbekistan, Lake, it's, Green, Lake County, Madison, Detroit, Canada, America, U.S, Dodge Memorial
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