DIRS.INFO The most relevant business & tech news

☆ Why your next new car could very well cost more than $50,000
▼ + stars: | 2024-11-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

Americans paid a whopping $47,612 on average for a new car in October, according to data from Edmunds. That means new car prices have risen much faster than most goods and services. But much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The combination of higher interest rates and higher car prices, along with the biggest average loans ever taken out to buy them, lifted the average monthly car payment to $742 in October. And that would make every car built in America more expensive, because no vehicle is made with 100% American parts.

Persons: New York CNN — It’s, That’s, Buyers, ”, Ivan Drury, “, didn’t, Charlie Chesbrough, Drury, –, ” Drury, Donald Trump, Jeff Schuster, GlobalData, They’re Organizations: New, New York CNN, Cox Automotive, Nissan, Infiniti, General Motors, Ford, Jeep, Dodge, Chrysler, GM, Federal Reserve Locations: New York, Edmunds, American, United States, Stellantis, Mexico, America

That's sure to result in increased volatility for the companies in our portfolio exposed to China, the world's second-largest economy. Consumer-dependent stocks Apple and Starbucks may be the most at risk given they are more discretionary versus the aforementioned names. At the Club, Jim has bestowed his "own it, don't trade it" designation on only those two stocks, Apple and Nvidia. AAPL YTD mountain Apple YTD Furthermore, while China growth may be tempered, Apple is aggressively looking to grow its presence in India — both on the consumer side and product manufacturing side of its business. Bottom line The risks for companies that do business in China have certainly increased following Trump's presidential election win.

Persons: Donald Trump, Jim Cramer, Joe Biden, Jensen Huang, Leonardo da Vinci, Lisa Su, Su, Tim Cook, Trump, Jim, China —, Brian Niccol, Niccol, we're, Jim Cramer's, Xi Jinping, Kevin Lemarque Organizations: Devices, Nvidia, GE Healthcare, Apple, AMD, Trump, Club, Bloomberg, U.S, Starbucks, Yum Brands, China, Taco Bell, Chipotle, Jim Cramer's Charitable, CNBC Locations: we're, China, U.S, India, Vietnam, Osaka, Japan

☆ 'This looks and feels like the year 2000 to me': Investing legend Rob Arnott says the stock market's record rally reminds him of the dot-com bubble peak
▼ + stars: | 2024-11-16 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He said comparisons to the dot-com peak in 2000 are fair. Advertisement"This looks and feels like the year 2000 to me," Arnott told Business Insider on November 11. But Arnott believes AI optimism, which has driven the lion's share of the rally, is already fully priced in. At 37 times earnings, just below the late-2021 peak of 38, before the market fell by 25%, and the 2000 peak of 43, right in front of a 50% loss. "This is a really, really, really pricey environment, but it doesn't necessarily make me bearish.

Persons: Rob Arnott, he's, Arnott, —, Donald Trump, Trump, disruptors, There's, Goldman Sachs, David Kostin, Michael Hartnett, Hartnett, David Einhorn, Einhorn Organizations: Nvidia, Intel, Chief US, Business, Goldman Sachs Bank of America's Global, Equity, Bank of America, CNBC's, Alpha Locations: irrelevance

☆ Trump picks fracking company CEO Chris Wright as next Department of Energy secretary
▼ + stars: | 2024-11-16 | by ( Ella Nilsen | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump on Saturday named Chris Wright, the CEO of Denver-based fracking company Liberty Energy, as his pick to be the next secretary of the Department of Energy. Wright will also serve as a member on the newly formed Council of National Energy, which Trump said will consist of all agencies involved in the “permitting, production, generation, distribution, regulation, transportation” of energy. In addition to his company’s work on fracking oil and natural gas, Wright also sits on the board of a modular nuclear reactor company and has talked about the potential of nuclear energy. Developing nuclear energy has become a big focus of the Biden administration’s Energy Department. “Standing in the way of today’s energy system before we’ve built a new energy system, there’s just no upside in that,” Wright told CNBC.

Persons: Donald Trump, Chris Wright, Wright, Trump, Doug Burgum –, “ Chris, Chris, ” Trump, Harold Hamm, ” Wright, Joe Biden, “, we’ve, ” Organizations: CNN, Liberty Energy, Department of Energy, of National Energy, North Dakota Gov, Department of, Energy, Gas, American Energy Independence, Global Energy Markets, Biden administration’s Energy Department, National Nuclear Security Administration, Hart Energy, CNBC, International Energy Agency Locations: Denver, Oklahoma

☆ Bela Karolyi, the polarizing coach who helped launch gymnasts to Olympic stardom, dies at 82
▼ + stars: | 2024-11-16 | by ( Holly Yan | ) edition.cnn.com time to read: +12 min

CNN —Bela Karolyi, the legendary and controversial Romanian American gymnastics coach who helped lead Mary Lou Retton, Nadia Comaneci and Kerri Strug to Olympic gold, has died, USA Gymnastics announced. Still, Bela Karolyi remained unapologetic to the end for the methods he used to blaze a path to sports glory. And by his senior year, he was coaching the school’s women’s gymnastics team, whose star Marta Enoss would become his wife and professional ally. “I think he was learning gymnastics with us.”At age 14, Comaneci famously scored the first “perfect 10” in Olympic gymnastics. “Prior to entering the Bela Karolyi camp, I knew one thing; Bela was my bus pass to the Olympics,” Okino wrote in 2001.

Persons: CNN — Bela Karolyi, Mary Lou Retton, Nadia Comaneci, Kerri Strug, Karolyi, Marta Karolyi, Bela Karolyi, ”, ” Bela Karolyi didn’t, Marta Enoss, That’s, “, Marta, Bela, ” Comaneci, Comaneci, Nicolae Ceaușescu’s, Karolyi’s, USA's Kerri Strug, Susan Ragan, Dianne Durham, Kim Zmeskal, Strug hobbled, USA’s, Strug, ” Karolyi, Larry Nassar, –, Nassar, Retton, ” Retton, ‘, Betty Okino, ” Okino, “ Karolyi, goddam Bela, Dominique Moceanu, ” Moceanu, Moceanu, Nadia Comăneci, ” CNN’s Lindsey Knight Organizations: CNN, USA Gymnastics, Texas, Romanian, Romania College of Physical Education, Eastern Bloc, Guardian, Rocky Mountain News, University of Oklahoma, USA, Olympic, US, Los Angeles Games, Team USA, International Gymnastics Hall of Fame, Orange County Register, –, Team Training, US Olympic Committee, ” Locations: Romanian American, Texas, Montreal, Romanian, New York, America, Houston, American, Atlanta, Romania, United States, California

☆ How Elon Musk's Department of Government Efficiency could actually work
▼ + stars: | 2024-11-16 | by ( Alice Tecotzky | Katie Balevic | ) www.businessinsider.com time to read: +10 min

Trump has flirted with changing budget laws, but experts told BI that could cause a massive fight. Despite its name, the DOGE will not actually be a government department, as departments are permanent and can only be created by Congress. "The Department of Government Efficiency (DOGE) will ultimately be staffed and dedicated to this mission," Brian Hughes, a spokesperson for Trump's transition team, told BI in a statement. "It just doesn't work, unless you decide to start cutting Social Security benefits or Medicare, at which point all hell breaks loose," she told BI. Trump, Musk, and Ramaswamy may try to circumvent the congressional obstacles standing in the way of their cost-cutting agenda.

Persons: Trump, Donald Trump, Elon Musk, Musk, Vivek Ramaswamy, Ramaswamy, Jim WATSON, Musk's, Elaine Kamarck, Bill Clinton, Kamarck, Brian Hughes, Barney Frank, Douglas Holtz, it's, Lisa Gilbert, Holtz, Eakin, he'll, they're, Gilbert, Brandon Bell, It's, aren't Organizations: Government, Wednesday, Department of Government, GOP, Trump, Brookings Institute, Social Security, Department, Government Efficiency, Congressional, Office, Management, Public Citizen, White, Bloomberg, SpaceX

☆ 7 ways a Trump administration could affect your finances
▼ + stars: | 2024-11-16 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

Here are seven ways a Trump administration could affect your personal finances. During Trump’s first term, the 2017 Tax Cuts and Jobs Act temporarily expanded the child tax credit from $1,000 to $2,000. “He will deliver.”TaxesThe Trump administration is expected to focus on extending tax cuts introduced by the Tax Cuts and Jobs Act that are set to expire in 2025. The Trump administration wants to “promote choice and competition” and make health care more affordable, according to his policy platform. The Trump administration will likely cut red tape to encourage business and real estate developments.

Persons: Donald Trump, he’d, Trump, JD Vance, Maria Castillo Dominguez, —, Karoline Leavitt, Vance, “, ” Leavitt, Alan Auerbach, Social Security Trump, Biden, Berkeley’s Auerbach, Joe Biden’s, ” Auerbach, “ They’re, ”, Trump’s, Auerbach, Sarah Lueck, ” Trump Organizations: CNN, Social Security, Jobs, Valoria Wealth Management, Trump, Urban, Brookings Tax, Tax, UC Berkeley, Center, enrollees, Republicans, Public, Consumer, National Retail Federation, Health, Republican, Center for Budget, Medicare, it’s, Housing

☆ Here's why Target is more exposed than Walmart to the sweeping trade changes that Trump promised
▼ + stars: | 2024-11-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

AdvertisementAs America's grocery king, Walmart sources a high share of its products from the US. The difference puts more of Target's business at risk of being impacted if Trump follows through on his tariff promises. "Target is actually much more exposed than Walmart because Walmart is grocery-heavy and groceries are predominantly domestic," Jason Miller, supply chain professor at Michigan State University, told Business Insider. Food and beverage sales accounted for less than a quarter of Target's sales last year. AdvertisementTD Cowen retail analyst Oliver Chen told BI that Target's apparel segment presents another potential complication, as fashion is more sensitive to seasonality.

Persons: Donald Trump, Jason Miller, Cowen, Oliver Chen, Gina Logan, Logan, Trump, Brian Cornell Organizations: Target, Trump, Walmart, Michigan State University, Walmart US Locations: AlphaSense

☆ Leaders of the anti-vaccine movement are thrilled RFK Jr. could run HHS: ‘A dream come true’
▼ + stars: | 2024-11-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Brandy-Zadrozny-Circle-Byline-Template.Jpg | Brandy Zadrozny | ) www.nbcnews.com time to read: +7 min

“It’s like Typhoid Mary being in charge of food safety.”But another group was celebrating Trump’s pick: the anti-vaccine movement Kennedy leads. She and Polly Tommey, director of CHD.TV and a longtime anti-vaccine activist, reflected on Kennedy’s power within their campaign. Holland urged viewers to “educate” the public and Congress that Kennedy’s anti-vaccine claims were accurate, aiming to boost his support among senators who would vote on his confirmation. Kennedy now has a chance to bring that advocacy into the top public health office in the country. Stone replied, “I am over the moon about the appointment.”Others relished how Kennedy might bring a dreamed-about reckoning in public health agencies and retribution against former public health officials.

Persons: Donald Trump’s, Robert F, Kennedy Jr, ”, Mandy Cohen, ” “, Richard Besser, Kennedy, Paul Offit, Mary, Mary Holland, Polly Tommey, “ Bobby Kennedy, ” Holland, “, ” Tommey, Holland, Bobby Kennedy, wouldn’t, he’s, Del Bigtree, Michaela Roman, Dr, Sherri Tenpenny, Trump, Steve Kirsch, Kirsch, Alex Azar, ” Kennedy, “ We’re, Alex Jones, Roger Stone, Stone, Steve Bannon, Fauci, Anthony Fauci, Naomi Wolf Organizations: Department of Health, Human Services, “, Centers for Disease Control, Children’s Hospital of Philadelphia, Health Defense, ”, MAHA Alliance, Kennedy’s, Oregon Capitol, Vaccine Safety Research Foundation, RFK, CDC, National Institutes of Health, Food and Drug Administration, NIH, National Institute of Allergy, Bannon’s

U.S. consumers collectively owe an eye-popping $1.17 trillion in credit card debt — a record — according to estimates the Federal Reserve Bank of New York released this week. But while there are still major financial risks for carrying hefty balances, the researchers said the data suggests that “rising debt burdens remain manageable” for the typical consumer. Prices are still going up, but they’re not going up as fast, and incomes are once again going up at a faster rate than expenses. Earnings growth has averaged 6.2% per year since the pandemic began, compared to the cumulative debt balance rising 4% per year. “Especially for higher-risk borrowers, credit card and auto loan delinquencies are the highest in a dozen years, and that’s with unemployment at 4%.

Persons: ’, Donald Trump, they’re, Greg McBride What’s, TransUnion, That’s, ”, Greg McBride, “, McBride Organizations: ’ paychecks, Federal Reserve Bank of New York, New York Fed, Commerce Department, Bureau of Labor Statistics, Bankrate Locations: ’ paychecks . U.S

Black Friday is on Nov. 29, 2024, and Cyber Monday is on Dec. 2, 2024. Many retailers’ early Black Friday and Cyber Monday sales have already begun, including at Walmart, Home Depot and REI. While shopping Black Friday and Cyber Monday, don’t forget to poke around subscription services and travel sites for deals, says Shand. Black Friday and Cyber Monday shopping tipsPlanning is key to shopping Black Friday and Cyber Monday. Don’t wait to buy what’s on your wishlistDuring Black Friday and Cyber Monday, shopping traffic peaks online and in stores.

Persons: it’s, I’ll, You’ll, Mackenzie Shand, they’re, Shand, ”, Vipin Porwal, Porwal, don’t, We’ve, you’re, Black, can’t, you’ll, that’s, TikTok Organizations: NBC, Walmart, Home, Retailers, Black, Apple, Nintendo, Products, Tech, Brands, Target, Costco, Facebook, Twitter Locations: REI

☆ She fell in ‘love at first sight’ with an Italian stranger. Within days they were talking about marriage
▼ + stars: | 2024-11-15 | by ( Francesca Street | ) edition.cnn.com time to read: +20 min

“Italian Guy No. 2, so that I could have a friend to hang out with in Italy…”Ambika didn’t really expect Italian Guy No. Italian Guy No. And that’s how, a couple of weeks later, Ambika found herself cooking pasta at the Neapolitan home of Italian Guy No. And as Ambika fell slightly in love with Naples, she also fell all the more in love with Marco.

Persons: Ambika Mathur, Emily, Ambika, ”, Emily flit, Emily ”, she’d, “, Guy No, ” Ambika, Italian Guy No, Italy …, Ambika didn’t, hadn’t, Italian Guy, Guy, Marco Di Fiore —, ” Marco, Marco, Ambika Mathur's, Marco Di Fiore, “ Marco, Riva superyacht, Brigitte Bardot’s, ’ ”, Ambika Ambika, Conca dei Marini, Amalfi, ‘, Marco’s, ‘ Marco, —, Ambika’s, it’s, Michelangelo, Marco —, Ambika can’t, I’m, he’s, ” “, It’s Organizations: CNN, Netflix, CNN Travel, Italian, LAX, Porsche, Marco, ” Locations: Paris, California, Los Angeles, Milan, Italy, Amalfi Coast, Italian, Naples, Amalfi, Neapolitan, It’s, Borgo, Posillipo, Napoli, Conca, Salerno, Rome, United States, Malibu, Beverly Hills, Orange County, SoCal, LA, San Diego, ”, Southern California, Praiano, Amafi, Massa Lubrense, Sorrento, “, India

While Kamala Harris made history, Vivek Ramaswamy became a household name, and Usha Vance debuted to a tepid national audience, many everyday South Asian Americans were experiencing something altogether different. As these political leaders saw their profiles rise, everyday South Asian Americans experienced increased racism, with anti-South Asian posts online doubling over the campaign season, a new report found. Threats of violence against Asian Americans are up 17% from the baseline, and a vast majority of those threats were directed at South Asian Americans, the data revealed. Still, his Indian American identity has drawn fire. “South Asians, we don’t voice, we don’t make noise, we just silently are suffering,” she said.

Persons: Kamala Harris, Vivek Ramaswamy, Usha Vance, “, ”, Pawan Dhingra, it’s, Manjusha Kulkarni, Harris, ’ ‘, ’, ” Sona, ‘, ’ ”, Donald Trump ., Laura Loomer, JD Vance, Marjorie Taylor Greene, ” Dhingra, —, “ Kamala Harris ’, Sangay Mishra, she’d, Trump, Harris “, Vivek, Nick Fuentes, Ramaswamy, Ann Coulter, Elon Musk, Dhingra, It’s, Payal Sawhney, she’s, Sawhney Organizations: Amherst College, South Asian, Trump, Democratic National Convention, Republican National Convention, South, Drew University, NBC, GOP, Elon, Indian, “ Locations: South, India, Georgia, “, New Jersey, Indian, Indian American, U.S, ” Los Angeles

☆ Musk and Ramaswamy's ideas for DOGE and Mike Tyson and Jake Paul to fight: Morning Rundown
▼ + stars: | 2024-11-15 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +8 min

And Mike Tyson and Jake Paul will face off in a boxing match. The ‘Department of Government Efficiency’ won’t be an actual ‘department’ — or be inside the governmentElon Musk, Vivek Ramaswamy. The two were tapped to lead the “Department of Government Efficiency” (or “DOGE,” a play on a cryptocurrency Musk has promoted). But DOGE isn’t a “department” like the Department of Education or the Department of Homeland Security. Trump said DOGE will “provide advice and guidance from outside of Government,” and Musk and Ramaswamy’s work will be completed by July 4, 2026.

Persons: Donald Trump’s, Elon Musk, Vivek Ramaswamy, Laken, Mike Tyson, Jake Paul, ”, isn’t, Trump, Ramaswamy, Musk, Max Stier, Alex Jones ’, Alex Jones —, Sandy Hook, Jones, Alex Jones, Laken Riley Laken Riley, Laken Riley, Jose Antonio Ibarra, Ibarra, Riley, Jeff Clark, Clark, Tyson, Paul, Shayne Copeland, Rudy Giuliani, — Josh Feldman, Elizabeth Robinson Organizations: ‘ Department, Government, AFP, Getty, “ Department, Department of Education, Department of Homeland Security, FBI, Education Department, Trump, Partnership for Public Service, “, NBC, Prosecutors, University of Georgia, University Police, Netflix, WHO, CDC, Staff Locations: Government, Athens, Venezuelan, Georgia’s Fulton County, Iran, Solomon Islands

The sale of conspiracy theorist Alex Jones’ media empire is a major blow to one of the defining independent media brands that ushered in a new era of fringe thinking, mainstreaming conspiracy theories once banished to the edges of the internet. And while Jones’ Infowars brand is now owned by the satirical news site The Onion, media researchers and conservative media experts say its legacy will live on thanks to the far-right media ecosystem it helped inspire, which continues to flourish. YouTube and other social media platforms began removing Jones’ videos in 2018 as they were flagged for violating content rules related to violent and graphic content. “What is going to happen with Infowars ‘Onion-ified,’ and what is going to happen to the kinds of internet conspiracy theorists who Alex Jones represents?” Phillips asked. “Alex Jones is not.”

Persons: Alex Jones, Jones, ”, A.J, Bauer, Donald Trump’s, Infowars, Sandy, Jones “, Reece Peck, Barack Obama, —, ” Jones, Peck, ” Peck, Trump, Sandy Hook, Josh Owens, ” Owens, Owens, “, Elon Musk, Whitney Phillips, ” Phillips, “ Alex Jones Organizations: University of Alabama, Sandy Hook Elementary, Free Speech Systems, Safety, Rush, City University of New York, College of, YouTube, Facebook, Twitter, Trump, Infowars, University of Oregon Locations: Newtown , Connecticut, Austin , Texas, College of Staten Island, Trump, Infowars

Despite its name, it won’t actually be a “department,” like the Department of Education or the Department of Homeland Security. “From the outside, will Musk and Ramaswamy be able to do a whole lot? During a late-October town hall on X, Musk suggested his ideal spending cuts could trigger economic pain for people. Democrats acknowledged they had little ability to prevent the Trump administration from enacting the changes Musk and Ramaswamy suggest. “In this second term in particular, President Trump has a better understanding of what needs to be done and how to do it,” Schatz said.

Persons: Donald Trump’s, Elon Musk, Vivek Ramaswamy, ” —, Ramaswamy, Trump, “, ” Musk, Max Stier, ” Stier, Musk, ”, MacGuineas, Joe Spielberger, ” Ramaswamy, Tucker Carlson, ” Sen, John Fetterman, “ It’s, Trump’s, —, they’re, Elon, Vivek, ” Spielberger, he’s, Lisa Gilbert, “ Musk, ’, Sen, Elizabeth Warren, Dean Phillips Organizations: Trump, “ Department, Government, Department of Education, Department of Homeland Security, White, Management, Budget, Partnership for Public Service, Social Security, Federal, Roivant Sciences, GOP, NBC News, FBI, Alcohol, Tobacco, Firearms, Explosives, Education Department, Nuclear Regulatory Commission, Food and Nutrition Service, Agriculture Department, Democrats, Senate, “, SpaceX, NBC, Twitter, Elon, Public Citizen, Democratic, Democrat Locations: Government

☆ Taiwan is fast becoming a hub for outdoor adventure and wellness seekers
▼ + stars: | 2024-11-15 | by ( Joe Yogerst | ) edition.cnn.com time to read: +11 min

But rather than one of the more obvious outdoor wellness and adventure hubs, it’s actually Taiwan. “Several factors have contributed to the rapid growth of outdoor sports in Taiwan,” says Kate Chen of the Taiwan Tourism Administration. “There was a huge spike in young adults wanting to go hiking or cycling.”But it’s not just locals discovering the island’s outdoor opportunities. Floating in the South China Sea between Taiwan, Hong Kong and the Philippines, Dongsha Marine National Park offers an entirely different take on outdoor adventure. They also provide a venue for more than 100 nature trails that are part of a national trails network created in 2002.

Persons: CNN —, Topping, ”, Kate Chen of, Michael McCreesh, it’s, Krathon, Chen, Thao, Zhong, Nick Kembel, Taiwan's, “, There’s, Xiao Baiyue Organizations: CNN, Taiwan Tourism Administration, Taiwan, Wellness, Scenic Area, Recreation, Villa, Taiwan Music, Dongsha, Park, MTB, Taiwan Surf Travel, Amis Locations: Chile , New Zealand, California, it’s, Taiwan, Belgium, Massachusetts, Taroko, Te, lakeview, Taipei, Wulai, Neidong, Beitou, Kenting, Fuji, Canadian, South China, Hong Kong, Philippines, “, County, Hualien City

☆ From 'brilliant' to 'dangerous': Mixed reactions roll in after Trump picks RFK Jr. for top health post
▼ + stars: | 2024-11-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Frank-Thorp-Circle-Byline-Template.Jpg | Frank Thorp V | ) www.nbcnews.com time to read: +4 min

Thune ducked a question about whether he would support Kennedy's confirmation, saying that the process "is just getting started" and adding that there would be "a vetting process." Cassidy is currently the ranking member of the Senate Health, Education, Labor and Pensions committee and is considered a contender for chairing the committee in the next Congress. Sen. Ed Markey, D-Mass., said in a post to X that Kennedy was “Dangerous. I will hold any HHS Secretary to the same high standard of protecting and improving public health," Polis added in the later post. A majority of senators must vote in support of a nominee in order for the position to be confirmed.

Persons: WASHINGTON —, Donald Trump, Robert F, Kennedy Jr, Kennedy, Sen, John Thune, Thune, it’s, Bill Cassidy, Cassidy, Wisconsin Sen, Ron Johnson, Alabama Sen, Tommy Tuberville, Missouri Sen, Josh Hawley, Ron Wyden, Ed Markey, Chris Van Hollen, Patty Murray, Murray, Jared Polis, Polis Organizations: Department of Health, Human Services, Republican, Health, Education, Labor, Pensions, Wisconsin, Big Pharma, RFK, NBC News, Colorado Gov, HHS, FDA, NBC, Republicans, Senate Locations: WASHINGTON, Alabama, Missouri

☆ Deloitte, EY, KPMG, and PwC make up the Big 4 — here's how they compare
▼ + stars: | 2024-11-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

The Big Four — EY, Deloitte, KPMG, and PwC — are the world's largest accounting and consulting firms. AdvertisementDeloitte, EY, KPMG, and PwC are the world's largest accounting and consulting firms, known as the Big Four. The Big Four offer companies services such as workforce transformations, reshaping corporate finance portfolios, assurance, valuation, and optimizing the use of technology. AdvertisementThough not as stark a slowdown as Deloitte or EY, growth at PwC still dropped noticeably compared to the 9.9% rise reported for the previous 12 months. In February 2024, it unveiled a tax AI assistant for 2,300 PwC tax professionals in the UK to use.

Persons: PwC, —, Antonia Wade, EY, Ernst & Young, Janet Truncale, Carmine Di Sibio, Jack Taylor, Joe Ucuzoglu, Jim Spellman, Price Waterhouse, Mohamed Kande, Bill Thomas, Liam McBurney Organizations: Deloitte, KPMG, Service, EY, Ernst, Getty, Revenue, Assurance, PwC, Deloitte Deloitte, Deloitte Global, Equity, Nvidia, Google, AWS, Coopers, Street Journal, Big Locations: London, PwC, Asia, Pacific, Amsterdam

☆ Pittsburgh Pirates offer outrageous trade for one-of-a-kind Paul Skenes baseball card
▼ + stars: | 2024-11-15 | by ( Kevin Dotson | ) edition.cnn.com time to read: +2 min

CNN —Are the Pittsburgh Pirates turning into the Willy Wonka of Major League Baseball? Like Wonka’s famous golden ticket, the MLB team is offering a scrumdiddlyumptious prize in exchange for a rare, one-of-a-kind baseball card of their star pitcher Paul Skenes. To the lucky person who finds this card… We’d love to bring this card home to PNC Park to share with all Buccos fans. Here’s our offer: https://t.co/qSDgZg3C8p pic.twitter.com/efNGhjidQ4 — Pittsburgh Pirates (@Pirates) November 15, 2024In addition to the eye-popping offer from the Pirates, Skenes’ girlfriend, Livvy Dunne, has upped the ante with an offer of her own. For those feeling lucky, the Skenes card in question is hidden in a pack of 2024 Topps Chrome Update, available in stores now.

Persons: Willy Wonka, Paul Skenes, Charlie Bucket, Skenes, qSDgZg3C8p, efNGhjidQ4, Livvy Dunne, — Olivia Dunne Organizations: CNN, Pittsburgh Pirates, Major League Baseball, MLB, PNC Park, Baseball, PNC, Pirates, Topps

☆ ‘We are not Disneyland’: Outrage in Rome over Airbnb ‘gladiator’ battles at the Colosseum
▼ + stars: | 2024-11-15 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +6 min

Rome CNN —The ancient Colosseum in Rome has witnessed some historic battles, with toga-clad crowds once packing the gigantic venue to watch gladiators slug it out against opponents including lions and baboons. On one side of the arena is holiday rental giant Airbnb and the Colosseum Archaeological Park, which oversees the ruined structure, which is one of Rome’s most visited attractions. You will become a gladiator,” promises the AirBnB advertisement. “A publicity stunt by Airbnb which, after having effectively taken possession of the historic center, completely distorting it and turning it into a large tourist park, now wants to ridicule the Colosseum,” he said Friday. Federico Mollicone, a member of her party who heads the Lower House of Parliament’s Culture Commission said he applauds the innovative idea.

Persons: ”, Ridley Scott, “, Massimiliano Smeriglio, ” Smeriglio, Smeriglio isn’t, Erica Battaglia, Vatican’s, Trevi, Enzo Foschi, ” Airbnb, Giorgia, Brothers, Italy, Federico Mollicone Organizations: Rome CNN, Paramount, CNN, Rome’s Culture, UNESCO, Democratic Party, overtourism, Italian, Culture Commission, Culture, Ministry of Culture Locations: Rome, Eternal

☆ Trump plan to 'end all taxes' on overtime pay would benefit millions of Americans, but it's going to be uphill battle
▼ + stars: | 2024-11-15 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Details on the proposal are scant and some Democrats have called the overtime tax promise "as fake as his tan." "As part of our additional tax cuts, we will end all taxes on overtime," he said at a rally in Tucson, Arizona. Among these, 82.1 million were hourly workers and 15.6 million were salaried workers, the report said. Meanwhile, about 7% of hourly workers and 70% of salaried workers do not qualify for FLSA, the report said. For example, would it be designed as just an income tax or would it be a payroll tax exemption as well?

Persons: Donald Trump, Trump, Karoline Leavitt, Vance, There's, Russ Fulcher, Joseph Rosenberg, FLSA, John Ricco, Alex Muresianu, Muresianu, Rosenberg Organizations: Cobb Energy Performing Arts Centre, Republican, President, Trump, Fair Labor, Brookings Tax, Department of Labor, FLSA, Yale, Lab, Tax Foundation, Social Security Locations: Atlanta , Georgia, U.S, Tucson , Arizona, Idaho, Alabama, Wisconsin, DOL

☆ As bitcoin wraps up a big week, the case is made for $200,000
▼ + stars: | 2024-11-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin is closing in on $100,000 for the first time, but could still double after that, according to BCA Research. That narrative gives Bitcoin its network effect: a positive feedback system in which the asset increases in value as more people use it. "Bitcoin, with a market value of $1.5 trillion, comprises less than 10 percent of the total market for non-confiscatable assets," he said. "As bitcoin's share of this market increases, and the supply of bitcoins reaches its upper limit, bitcoin's price has substantial upside." The price of bitcoin has soared 32% since Election Day in the U.S. last week.

Persons: Dhaval Joshi, Joshi Organizations: BCA Research, U.S, Metrics Locations: bitcoins, U.S

☆ From clothes to computers, 6 things expected to get more expensive if Trump's trade plans are enacted
▼ + stars: | 2024-11-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +10 min

If implemented, Americans could see prices rise across several product categories. AdvertisementBased on analyses from economists and trade experts, here are the goods that could become more expensive for Americans under Trump's tariff proposals. AdvertisementSome retailers have already announced preparations to increase prices should Trump's tariff plans go into effect. AdvertisementGold said it's unlikely Trump's tariffs would go into effect on day one or day two, and "it's tough to say right now at what point consumers would feel the impact." AdvertisementA report from centrist think tank ThirdWay said that Trump's tariff proposals analyzed eight common purchases that the US either heavily imports or is unable to produce domestically.

Persons: Donald Trump, Trump, —, Mary Lovely, Lovely, There's, Joe Biden, Jonathan Gold, it's, Karoline Leavitt, Tim Boyle, Gold, Philip Daniele, Daniele, Shinji Aoyama, Henrik Elm, Elm, Taylor Rogers Organizations: Trade, Service, Peterson Institute for International Economics, Trump, Consumers, National Retail Federation, Retailers, Bank of America, Columbia, Washington Post, Electronics, Consumer Technology Association, CTA, Honda, General Motors, Ford, Inter Ikea —, Ikea, Reuters, NPR, International Trade Commission, Republican National Committee Locations: China, Mexico, Europe

☆ Mike Tyson vs. Jake Paul will be a big test for Netflix's live strategy
▼ + stars: | 2024-11-15 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Mike Tyson and Jake Paul will fight Friday in what will likely be Netflix's biggest-ever live event. The streamer has increasingly segued into live sports while building an ad business. Netflix now has 70 million ad-supported users — up from 40 million in May. AdvertisementMike Tyson and Jake Paul will enter the ring Friday in a long-anticipated boxing bout that could be a big test for Netflix's ambitions. Two years after launching, Netflix said it now has 70 million ad-supported users — up from 40 million in May.

Persons: Mike Tyson, Jake Paul, —, Jennifer Halloran, Ampersand's Nicolle Pangis, Peter Naylor, Tyson, Paul Organizations: Netflix, Service, Boxing, influencers, Boston Red Sox, WWE, NFL, Business

Search resuls for: "Big"

25 mentions found