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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
AdvertisementSome Uber and Lyft drivers are starting businesses driving people they meet through the apps. Uber and Lyft drivers can make as little as $3 per ride, pushing some to look for alternatives. Brian is one of four drivers who told BI about starting his own business offering rides outside Uber and Lyft. When BI asked whether drivers are allowed to pitch their own businesses while on a trip for Uber, an Uber spokesperson said the app's drivers are independent contractors. The spokesperson also referenced company statistics showing that Uber drivers make more than $30 per hour "while active on the app."
Persons: Brian, Lyft, Uber, Torsten Kunert, YouTuber, Kunert, Phil Organizations: Business, Uber, Rideshare Services Locations: California, Ontario, Canada, San Diego
In one instance he requested as much as $100,000 per month in exchange for his services, according to sources familiar with the matter. As of Monday afternoon, it does not appear the transition team will heed that recommendation. “I am honored to work for President Trump and with his team,” Epshteyn said in a statement to CNN. Trump’s legal team was investigating several other similar alleged incidents, according to sources familiar with the situation. “Boris is a Trump original—loyal and effective from the very beginning,” a Trump transition official told CNN.
Persons: Donald Trump, Boris Epshteyn, Trump, Epshteyn, , ” Epshteyn, , elect’s, Boris, ” Trump, Steven Cheung, Scott Bessent, Bessent, Jonathan Drake, Susie Wiles, you’re, , “ He’s, “ Boris, President Trump, Matt Gaetz, Donald Trump's, Nathan Howard, Matt Gaetz’s, Gaetz, Elon Musk, Brandon Bell Organizations: CNN, Trump, Trump Make, Mar, Reuters, White, Gaetz, Department of Justice, Florida Rep, SpaceX, Georgetown Advisory Locations: Lago, Palm Beach , Florida, Epshteyn, Asheville , North Carolina, Washington, Washington ,, Florida, Brownsville , Texas, Georgetown, New York, Georgia, Arizona
London CNN —Thyssenkrupp Steel has announced plans to eliminate 11,000 jobs by the end of this decade — about 40% of its workforce — becoming the latest German industrial giant to opt for drastic action to prop up its fortunes. “Increasingly, (global) overcapacity and the resulting rise in cheap imports, particularly from Asia, are placing a considerable strain on competitiveness,” Thyssenkrupp Steel said in a statement. Thyssenkrupp, Germany’s largest steel producer, joins the country’s biggest manufacturer Volkswagen in setting out a major overhaul to cut costs and bolster competitiveness. The German automaker also plans to close at least three factories in its home country and lay off tens of thousands of staff. “Locational weaknesses” include high energy costs, onerous red tape, and outdated physical and digital infrastructure.
Persons: Steel, carmaker Ford Organizations: London CNN, Thyssenkrupp, European, European Commission, Volkswagen, Federation of German Industries, Boston Consulting Group, German Economic Institute Locations: Asia, Ukraine, German, Europe, Germany, United Kingdom, Thyssenkrupp
Chip Leighton's viral 'teenager texts' highlight how little some kids know about money. As the creator of "The Leighton Show," his social media posts, which have collectively been seen more than 250 million times, hilariously highlight some of the texts teenagers send their parents. Leighton, who has two children of his own, receives thousands of messages from parents of teenagers across the country — some of which he uses for content. covers some of the best — or worst — texts from teenagers. One section is devoted entirely to money-related topics, often related to a first job or taxes.
Persons: Chip Leighton's, Chip Leighton, she'd, Leighton, it's Organizations: Finance
Check out the companies making headlines after the bell : Zoom Communications — The maker of video calling software is lower by 1%. Zoom topped Wall Street quarterly estimates and posted fiscal fourth-quarter adjusted earnings per share guidance that was roughly in line with estimates. The company also said it changed its name to Zoom Communications from Zoom Video Communications. Nevertheless, fiscal fourth-quarter results bested analysts' forecasts on the top and bottom lines. Woodward — Shares of the industrials and aerospace machinery maker surged more than 10% on stronger-than-expected fiscal fourth-quarter results.
Persons: Kohl's, Ashley Buchanan, Tom Kingsbury, Woodward —, Woodward, Fluence Organizations: Communications, Zoom Communications, Zoom Video Communications, Michaels, Agilent, LSEG, Fluence Energy
AdvertisementMacy's has delayed Q3 earnings as it investigates over $130 million in hidden expenses. Macy's said a single employee was responsible for "erroneous accounting accrual entries." The employee is no longer working at Macy's, the company said. Macy's just delayed its third-quarter earnings, saying it is undertaking a forensic investigation into a single employee's concealment of more than $130 million in expenses. The individual who engaged in this conduct is no longer employed by the company," the company said.
Persons: Macy's, , Tony Spring Organizations: Business Locations: Macy's
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
Conventional wisdom holds that Musk — the world’s richest man and key Donald Trump ally — and his friends are just joking. But Musk’s posts are adding to the anxiety that MSNBC staffers are feeling about the reelection of Donald Trump and the recently announced spinoff of Comcast’s cable channels. I learned that more than one benevolent billionaire with liberal bonafides has already reached out to acquaintances at MSNBC to express interest in buying the cable channel. Instead, he is moving MSNBC and a half dozen other cable channels into “SpinCo,” a pure-play cable programming company. I have sensed quite a bit of enthusiasm at MSNBC about “SpinCo,” actually, because the new structure should allow for more investment into MSNBC, CNBC and the other brands.
Persons: CNN — Elon Musk, Donald Trump, , bonafides, Brian Roberts, Benjamin Swinburne, Morgan Stanley, SpinCo, , , Donald Trump , Jr, Joe Rogan, Rachel Maddow’s, Musk, Maddow, Mark Cuban, Trump, Matt Gaetz, Viktor Orbán’s “, Ian Bassin, ” Bassin, Gábor, Kamala Harris, Cuban Organizations: CNN, MSNBC, Twitter, Comcast, , CNBC, Trump Jr, Former Florida, ” CNN, , Democracy, Politico Magazine, Fox Locations: Hungary
CNN —Musician Drake alleges that Universal Music Group “conspired” to artificially boost Kendrick Lamar’s searing diss track “Not Like Us” on Spotify, according to a pre-action petition submitted to a New York court on Monday. It has also amassed almost 900 million streams on Spotify to date, according to the petition. Drake is currently represented by Republic Records, a division of UMG and Lamar is currently represented by Interscope records, also a division of UMG. Drake’s petition accuses UMG of paying an independent radio promoter acting as an intermediary, who then paid other radio stations to boost airplay of Lamar’s track. “Not Like Us” became the most successful song spawned by the feud and earned five Grammy nominations earlier this month.
Persons: Drake, Group “, , Kendrick, UMG “, UMG, Lamar, Siri, Monday’s Organizations: CNN, Universal, Group, Spotify, Billboard, Republic Records, Interscope, ” CNN, Drake, Apple Locations: New York, Lamar, UMG
For months leading up to that moment, tens of thousands of Russians protested as Mr. Putin prepared to return to the Kremlin following four years in a shadow role as prime minister. The day before Mr. Putin was inaugurated in May, the police violently cracked down on a mass protest. When Mr. Putin drove through a Moscow cleared of any signs of life, and through the Kremlin gates, the protest movement was effectively dead. As this fact settled in, opposition-minded Russians flooded social media, recalling just how young they were when Mr. Putin first headed the state more than 12 years prior — some remembered their college days, others elementary school. The United States is not Russia, and Mr. Trump is not Mr. Putin.
Persons: Donald Trump’s, Vladimir Putin’s, Putin, Trump Organizations: Mr Locations: Moscow, United States, Russia
Peacock's Black Friday deals are for the base Peacock Premium plan, which normally costs $8 per month or $80 per year. From now until December 2, customers can get Peacock Premium for $2 per month for six months or $20 for the whole year. You can also check out additional Black Friday streaming deals and the best early Black Friday deals for more sales. People already subscribed to Peacock Premium or Peacock Premium Plus aren't eligible for Peacock's Black Friday deals. What is the difference between Peacock Premium and Peacock Premium Plus?
Persons: Peacock, Peacock's Organizations: Business, Black, NBC, Recreation, Bravo, Football, Peacock's
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
Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet dropping. The rate affects around 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention.
Persons: HSI AMZN, Brendan McDermid, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, Reuters, CNBC, U.S, China's CSI, Trump, Treasury, Fed, Bank of China, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: Asia, Pacific, China's, Azerbaijan
Opinion | Overcoming Obesity, With Diet and Physical Education
  + stars: | 2024-11-25 | by ( ) www.nytimes.com   time to read: +1 min
Sadly, many individuals resort to easy-to-prepare and tasty ultra-processed foods that are loaded with salt, sugar and fats and that lack essential nutrients. Consumption of ultra-processed foods is associated with obesity, as the article points out. We know what constitutes a healthy diet that helps to enable those who consume it from becoming overweight. But the only way to match such a diet is to prepare healthy, accessible and affordable meals at home. Without more emphasis on home cooking, obesity rates will continue to soar.
Persons: Stacey Bell
In 2029, the Oriental Land Company, which owns Tokyo Disney Resort, will launch a Disney cruise ship out of Japan. So to bring the brand over in terms of a cruise ship is again another brilliant move on their part. Occupancy is high on Disney ships, at 98% across the five existing ships in fiscal year 2024, according to a company fact sheet. Bigger players, such as Carnival Corporation, Royal Caribbean Group and Norwegian Cruise Line, have more ships in their fleet than Disney Cruise Line and have been in the business longer. Royal Caribbean's Icon of the Seas is currently the world's largest cruise ship, and it's loaded with family friendly attractions.
Persons: “ Coco, ” That’s, , Beci Mahnken, Kent Phillips, Mahnken, Kyle Valenta, Disney, ” Valenta, , ” Mahnken, Thomas Mazloum, ” Mazloum, Joe Raedle, Valenta Organizations: CNN, , MEI, Disney, Cruise Lines International Association, Cruise, Oceaneer Club, Disney Treasure, Disney Disney, Oriental Land Company, Tokyo Disney Resort, Hong Kong Disney, Tokyo Disney …, Shanghai Disney, Disney Cruise, Geographic, Disney Vacation, Carnival Corporation, Royal Caribbean Group, Royal Locations: Asia, Singapore, Tokyo, Japan, Hong Kong, Shanghai, It’s, Hawaii, Royal Caribbean
And some people are selling courses for $220 on how to make your own lucrative AI adult creator. The articles said a crop of new Instagram influencers had amassed large followings and even secured brand deals. Some of these AI influencers, like Lil Miquela, are a sort of artsy commentary on the nature of influencing or something conceptually interesting. AdvertisementOne of the most popular AI influencers had a link in her bio to a profile on Fanvue, an OnlyFans competitor. One person is selling a course for $220 on how to make money with AI adult influencers.
Persons: Fanvue, influencers, Lil Miquela, , Insider's Marta Biino, I'm Organizations: Media Locations: Fanvue
Read our Saatva Classic Mattress review. The best Black Friday Saatva mattress dealsSaatva Classic Mattress (Queen) $1,695.00 $2,095.00 Save 19% The Saatva Classic Mattress is designed to suit a variety of sleeping styles and features a plush top for luxurious comfort. View at Saatva What we like Check mark icon A check mark. Zoned supportCheck mark icon A check mark. View at SaatvaSaatva mattress FAQWhich Saatva mattress is best?
Persons: Saatva, we've, Long Organizations: Business, Saatva Locations: Saatva, Copenhagen, Sydney, Amalfi
CNN —Israel’s cabinet unanimously voted to sanction the nation’s oldest newspaper, Haaretz, on Sunday citing its critical coverage of the war following the October 7 Hamas attacks and comments by the outlet’s publisher calling for sanctions on senior government officials. The proposal, put forward by communications minister Shlomo Kar’i, will end government advertising in the newspaper and cancel all subscriptions for state employees and employees of state-owned companies. It dismisses the costs of both sides for defending the settlements while fighting the Palestinian freedom fighters that Israel calls terrorists,” he reportedly said. Following widespread criticism of the comments in Israel, Schocken clarified his comments saying that he did not believe Hamas militants were freedom fighters. Haaretz slammed the move in a statement on Sunday, calling it “another step in Netanyahu’s journey to dismantle Israeli democracy.”“Like his friends Putin, Erdoğan, and Orbán, Netanyahu is trying to silence a critical, independent newspaper,” the statement said.
Persons: CNN — Israel’s, Shlomo Kar’i, Kar’i, , ” Amos Schocken, Netanyahu, , Schocken, Putin, Orbán, Al, CPJ Organizations: CNN, Israel Defense Forces, Haaretz, West Bank, , Israel, United Nations, Protect Journalists Locations: Gaza, Lebanon, State, Israel, London, Palestinian, , of Israel, Ramallah
EU challenges Chinese brandy tariffs at WTO
  + stars: | 2024-11-25 | by ( ) www.cnbc.com   time to read: +2 min
The EU Commission said on Monday it had formally brought the provisional anti-dumping measures imposed by China on imports of EU brandy to the World Trade Organization, the latest development amid trade tensions between the two blocs. France's trade ministry said last month it would work with the European Commission to challenge Beijing's tariffs, which came after the European Union voted for duties on Chinese-made electric vehicles. China's commerce ministry said it had received an EU consultation request and would handle the matter according to WTO rules. France, whose producers including LVMH , Remy Cointreau and PernodRicard , export huge amounts of spirits to the Asian country, was seen as the main targets of the brandy tariffs following Paris's outspoken support of the Commission's efforts to protect the domestic EV market. French brandy shipments to China reached $1.7 billion last year and made up 99% of China's imports of the drink.
Persons: LVMH, Remy Cointreau, Emmanuel Macron, Hennessy, Remy Organizations: Trade, EU, World Trade Organization, European Commission, European Union, EV Locations: HAIKOU, CHINA, China, Hainan, Haikou, Hainan Province, France, United States
AdvertisementElon Musk and Vivek Ramaswamy are making plans for The Department of Government Efficiency. Several notable Silicon Valley figures are involved in plans for the department, per the Journal. Musk has said he wants to cut $2 trillion from the federal budget to make it more efficient. Elon Musk and Vivek Ramaswamy are starting to shape the Department of Government Efficiency, or DOGE, and they appear to be turning to Silicon Valley leaders for support. DOGE, headed by Musk and Ramaswamy, is set to be an advisory group outside the government.
Persons: Elon Musk, Vivek Ramaswamy, Musk, Steve Davis, Antonio Gracias, Joe Lonsdale, Marc Andreessen, Bill Ackman, Travis Kalanick —, Shiba, Vivek Organizations: The Department, Government, of Government, Boring Company, Street Journal, Twitter, Elon, Ramaswamy, Business Locations: Silicon
In July 2023, Mace described herself as “pro-transgender rights” and voiced support for children exploring their identities, such as by changing pronouns, hairstyles or clothing. Just a month after describing herself as “pro-transgender rights” and supporting children exploring their identities, Mace spoke out against transgender women competing in women’s sports. In texts with CNN, Mace reiterated her past support for LGBTQ rights, including voting for same-sex marriage. Mace, however, also described transgender individuals as needing to “seek help.”“Voted for gay marriage twice. “I strongly support LGBTQ rights and equality,” she said at the time.
Persons: Nancy Mace, , Sarah McBride of, Mace, ” Mace, Johnny, Jill ’ —, ” “, , , they’ve, Mike Johnson, McBride, “ I’m, Speaker Johnson Organizations: CNN — Republican, South Carolina Republican, Capitol, Democratic Rep, Republican, CNN, Capitol and, Louisiana Republican Locations: Sarah McBride of Delaware, Louisiana
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Best Buy shares rose roughly 4.5% on Monday ahead of the company's fiscal 2025 third-quarter earnings before Tuesday's opening bell. 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, Stocks, Donald Trump's, Scott Bessent, Bessent, Jim, Bristol Myers, Eli Lilly, RJK, Jim Cramer's Organizations: CNBC, Dow Jones, Nasdaq, Bristol Myers Squibb, FDA, JPMorgan, Club, HHS, Research, Arm Holdings
Trade Tracker: Joe Terranova buys more Twilio
  + stars: | 2024-11-25 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Joe Terranova buys more TwilioJoe Terranova, Senior Managing Director for Virtus Investment Partners, joins CNBC's "Halftime Report" to explain why he's buying more of this software stock. The Investment Committee discuss chip stocks.
Persons: Joe Terranova Organizations: Virtus Investment Partners
CNN —Following upset losses to unranked opponents, Alabama and Mississippi both fell out of the top 10 in the AP Top 25 poll when the latest rankings were released on Sunday. In a dramatic week of college football, Arizona State moved up seven places to No. 14 following an upset win over Brigham Young on Saturday, making the Sun Devils the top-ranked Big 12 team in the poll. Ohio State, Texas and Penn State, all of whom won on Saturday, occupy the next three spots behind the Ducks, who are now the only undefeated team in the AP Top 25 poll. Alabama Crimson Tide (8-3)14.
Persons: , Ole Miss Organizations: CNN, SMU, Oregon, Arizona State, Brigham Young, Sun Devils, Ohio, Penn State, Ducks, Ohio State, ESPN, AP’s, Oregon Ducks, Ohio State Buckeyes, Texas Longhorns, Penn State Nittany Lions, Notre Dame Fighting, Georgia Bulldogs, . Tennessee Volunteers, Miami Hurricanes, . Indiana Hoosiers, Boise State Broncos, Clemson Tigers, . Alabama Crimson Tide, Arizona State Sun Devils, Ole Miss Rebels, South Carolina Gamecocks, Iowa State Cyclones, Tulane Green Wave, BYU Cougars, Texas, UNLV Rebels, Illinois Fighting Illini, . Colorado Buffaloes, Missouri Tigers, Army Black Knights Locations: Alabama, Mississippi, Miami, Ohio State , Texas, Oklahoma, Florida
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