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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are long and short opportunities in tech-focused funds, says Citi's Mithra WarrierMithra Warrier, Citi North America head of capital introduction, joins 'Closing Bell' to discuss the health of hedge funds, shorted market sectors, and much more.
Persons: Warrier Organizations: Citi North America
Roughly half (51%) of Democrats and independents who lean toward the party say they’re optimistic, while 49% say that they’re pessimistic about its future. By contrast, 86% of Republican-aligned adults now call themselves optimistic about the GOP’s future, up from 65% who said the same two years ago. Roughly 8 in 10 said they were optimistic following Trump’s 2016 election and the 2018 midterms, with 74% calling themselves optimistic after Biden’s 2020 victory. Fewer express confidence in Trump to make good decisions on abortion policy (45%) or to bring the country closer together (41%). The Pew Research Center poll surveyed 9,609 US adults from November 12-17, using a nationally representative online panel.
Persons: they’ve, Donald Trump, Trump’s, Joe Biden’s, Pew, , Trump, they’re Organizations: CNN, Pew Research Center, Democratic, Republican, Republican Party, Democratic Party, GOP Locations: Trump
The Spartanburg, South Carolina, company is recalling more than 72,000 pounds of meat and poultry products because of possible listeria contamination. All ready-to-eat products produced before October 28 are included, the US Department of Agriculture’s Food Safety and Inspection Service says. Anyone who has these recalled products should not eat them. Listeria bacteria causes listeriosis, the third leading cause of death from foodborne illness in the United States. If you develop these symptoms and may have eaten recalled products, get medical care right away.
Persons: Shang, monocytogenes, , “ Listeria, Dr, Sanjay Gupta Organizations: CNN, Shang Food Inc, US Centers for Disease Control, US Department of Agriculture’s, Service, Food Safety, Inspection Service, CDC, , CNN Health Locations: Spartanburg, South Carolina, California, Illinois, New York, New Jersey, United States
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
CNN —President-elect Donald Trump is expected to offer Kelly Loeffler the job of secretary of the Department of Agriculture, two people familiar with the matter told CNN. He is set to meet with her at Mar-a-Lago Friday afternoon, but as is always the case, nothing is final until Trump announces it. The agriculture job will likely be a significant one — especially as Trump’s pick to run the Department of Health and Human Services, Robert F. Kennedy Jr., has promised to assert his influence over the agriculture industry. Loeffler, appointed to the Senate by Georgia Gov. Brian Kemp over the wishes of Trump, lost her seat in a 2021 runoff to Democratic now-Sen. Raphael Warnock.
Persons: Donald Trump, Kelly Loeffler, Loeffler, Michael Whatley, Sen, Marco Rubio, Elise Stefanik —, Robert F, Kennedy Jr, Brian Kemp, Trump, Raphael Warnock, Joe Biden’s, , CNN’s Zachary Cohen Organizations: CNN, Department of Agriculture, Mar, Trump, Senate, Republican National, of Health, Human Services, Georgia Gov, Democratic, Capitol Locations: Georgia, Washington, Trump’s
AdvertisementAs someone born and raised in Salt Lake City, I know Utah has more to offer than just skiing. Within Salt Lake City, I recommend enjoying a beer at a local brewery. For a unique experience, I also suggest checking out the nearby hot springs and Ice Castles. And at the heart of it all is the state's capital, Salt Lake City. Born and raised in the heart of the city, I know how to experience Salt Lake without ever stepping into ski boots.
Locations: Salt Lake City, Utah, Salt
Bringing people together, showing determination and being a good listener are some of the qualities younger generations look for in leaders. That's according to Generation Z and millennial participants at the One Young World summit in Montreal, Canada. "People go through so much and yet their achievements are so much greater than everything that they've ever been through," she said. While some leaders "aren't really always driven by good intentions," according to Whisky, even those with differing views can "sit in the same room." Hunter is part of the Northern Irish Education Committee, in a role that she said contributes to building a peaceful society in the region.
Persons: Sue Whisky, CNBC's Tania Bryer, aren't, Cara Hunter, Hunter Organizations: Environmental Network Malawi, Northern, Northern Ireland Assembly, East Londonderry, Northern Irish Education Committee Locations: Montreal, Canada, Northern Irish, East
The role requires Senate confirmation unless Mr. Trump is able to make recess appointments. The choice of Mr. Vought would bring in a strongly ideological figure who played a pivotal role in Mr. Trump’s first term, when he also served as budget chief. Among other things, Mr. Vought helped come up with the idea of having Mr. Trump use emergency power to circumvent Congress’s decision about how much to spend on a border wall. Mr. Vought was a leading figure in Project 2025, the effort by conservative organizations to build a governing blueprint for Mr. Trump should he take office once again. Mr. Trump tried to distance himself from the effort during his campaign, but he has put forward people with ties to the project for his administration since the election.
Persons: Donald J, Trump, Russell T, Trump’s Organizations: Management, White House
Munster, managing partner at Deepwater Asset Management, said he isn't holding his breath for an Apple TV. Munster said it's still a "painful topic" since he spent a lot of time looking into the Apple TV and was emphatic that it would happen. However, in 2014, another author, Yukari Iwatani Kane, wrote in "Haunted Empire: Apple After Steve Jobs" that Jobs told Apple employees in 2010 that a TV set wasn't happening. The lesson Munster learned about a company assembling a team and putting resources behind projects that may remain on the shelf continues to apply. Still, Munster's lesson didn't stop him from making a plea for CEO Tim Cook to bring the Apple TV to shelves.
Persons: Gene Munster, he's, Munster, Apple, it's, I'm, Walter Isaacson, Steve Jobs, Yukari Iwatani Kane, Jobs, Tim Cook Organizations: Apple, Bloomberg, Munster, Deepwater Asset Management, Apple TV
CNN —Nearly six years after actor Jussie Smollett was accused of staging a hate-crime hoax in downtown Chicago and lying to police, an Illinois Supreme Court decision overturned his conviction on Thursday over prosecutorial issues, according to the Associated Press. Brothers Olabinjo Osundairo and Abimbola Osundairo arrive at court for a hearing for actor Jussie Smollett in Chicago on July 14, 2021. Kamil Krzaczynski/ReutersIn a statement thanking fans in 2019, Smollett said he had “been 100% factual and consistent on every level” in response to doubts about his story’s integrity. Smollett told Abimbola Osundairo he was disappointed in the “Empire” team’s reaction to the letter, according to prosecutors. I wouldn’t have had a trial,” Smollett told ET.
Persons: Jussie Smollett, Kim Foxx, , Nenye, Smollett’s, Joe, ” Uche, , he’s, , CNN’s Laura Coates, Foxx, Dan K, Webb, Smollett, Donald Trump –, Olabinjo, Abimbola Osundairo, Kamil Krzaczynski, Eddie Johnson, ” Johnson, Johnson, Brian CassellaPool, Holliday, ” Smollett, Tonight’s Nischelle Turner, , Chris Boyette, Bill Kirkos, Omar Jimenez, Steve Almasy, Ashley Killough, Christina Maxouris Organizations: CNN, Associated Press, AP, Fox, , Chicago, Smollett, Chicago Police Department, Authorities, Reuters, Chicago Police, Chicago police, Police, Chicago Tribune Locations: Chicago, Illinois, Cook, City, MAGA, Cook County
CNN —President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. In many respects, the Treasury secretary is the quarterback of the economy. Wall Street was unfazed by the selection. One of the Treasury secretary’s jobs is to help keep Wall Street calm and confident during times of economic or market turmoil. The Treasury secretary works closely with both the central bank and the White House.
Persons: Donald Trump’s, he’s, Scott Bessent, “ Scott Bessent, , Glock, , Trump, Matt Gaetz, Robert F, Kennedy, Jr, MAGA, ” Glock, Bessent, Elon Musk, Cantor Fitzgerald, Howard Lutnick, Musk, Lutnick, , Isaac Boltansky, “ Scott, I’ve, Kyle Bass, Xi Jinping, Jerome Powell Organizations: CNN, Manhattan Institute, Trump loyalists, Treasury, Soros Fund Management, Fox News, Trump, Commerce, Street, Hayman Capital Management, Dow Jones, White Locations: Bessent, China, Argentina
President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a seasoned market pro and a close Trump loyalist in a critical economic position. As head of Treasury, Bessent, 62, will be both the U.S. fiscal watchdog as well as a key official to help Trump enact his ambitious economic agenda. Like Trump, Bessent favors gradual tariffs and deregulation to push American business and control inflation. The Treasury secretary is the lynchpin for the White House economic agenda. Others close to the president-elect think Bessent has not been rigorous enough in his support for tariffs, though Warsh also has made public statements against the levies.
Persons: Scott Bessent, Donald Trump, Kevin Warsh, Marc Rowan, Trump, Bessent, George Soros, Soros, Jerome Powell's, Warsh, Janet Yellen, Elon Musk, Cantor Fitzgerald, Howard Lutnick Organizations: Key, Trump, Group, Treasury, Wall, World's, Investors, Yale University, Rockefeller University, Preservation, Wall Street, Federal Reserve, Federal, National Economic Council, White Locations: Washington , DC, U.S, Bessent
CNN —A Norwegian man working as a security guard for the US Embassy in Oslo was arrested this week on allegations of spying for Russia and Iran. According to Norway’s public broadcaster NRK, the man is in his 20s and was arrested at home in his garage on Wednesday. He is charged with attempted aggravated intelligence activities against state secrets and admitted to having collected and shared information with Russian and Iranian authorities, according to NRK. The arrest comes amid ongoing concerns about Moscow and Tehran’s espionage and influence operations around the globe. Western officials have disrupted plots from Tehran to harm or kill individuals, including an alleged assassination plot against President-elect Donald Trump.
Persons: Donald Trump, John Christian Elden, Elden, Organizations: CNN, US, NRK, Wall Street Journal, Norway “, US State Department, Norwegian Locations: Oslo, Russia, Iran, Moscow, Tehran, Germany, United Kingdom, Canada, Norway,
Now we see it's very common for these store cards to charge over 30%." Just before the Fed began its rate-cutting cycle in September, many retailers and their bank partners raised interest rates on their store cards to protect their profits when the federal funds rate — which determines their own interest rates — came down. Now, the average interest rate on a store card is at an all-time high just ahead of the holiday shopping season, which is when most consumers sign up for store cards. That was less than half of the interest rate increase for store cards seen from September 2023 to September 2024, when the federal funds rate didn't budge. When asked why they increased the APR on their store cards, the companies that returned CNBC's request for comment pointed vaguely to industry standards and the current economic environment.
Persons: Tommy, Petco, Ted Rossman, it's, Jasmine Matheney, Nordstrom, Matheney, you've, preemptively Organizations: U.S, Federal Reserve, Navy, Academy Sports, Fed, CNBC, Comenity Bank, Big Lots Locations: Petco, Burlington, Macy's, Michael's, Michigan
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
Rutkay is a full-time makeup artist who sometimes works up to 16-hour days on movie and television sets. Her side hustle, Citymouse, sells cross-body diaper bags with changeable straps. I think creating a business that fills a need is the best possible way to grow and sustain a brand — a lot of people can do that. When I started Citymouse, I took a six-week course with a spiritual life coach and realized I felt very badly about my previously failed [side hustles]. I didn't spend money on advertising because I thought if I made a listing with strong SEO, people would magically find it.
Persons: they've, Alexandra Rutkay, Saint Laurent crossbody, Rutkay, David, Citymouse, weren't, She's, she's, I've Organizations: CNBC, Amazon Locations: cnbc.com, New York
Advertisement"Wicked," the movie, is based on "Wicked," the hit 2003 Broadway musical. Cynthia Erivo and Ariana Grande play Elphaba and Glinda, roles originated by Idina Menzel and Kristin Chenoweth. Here's what you need to know about how the movie pays homage to the musical. Jon M. Chu's "Wicked" film is a reboot of one of the longest-running Broadway shows of all time — and it pays its respects to that history through a long-rumored cameo. Idina Menzel, Cynthia Erivo, Ariana Grande, and Kristin Chenoweth posed together at the "Wicked" premiere.
Persons: Cynthia Erivo, Ariana Grande, Idina Menzel, Kristin Chenoweth, Jon M, Gregory Maguire's, Frank Baum's, Oz, Elphaba, Glinda, Menzel, Chenoweth, Glinda — Cynthia Erivo, Amy Sussman, Kristen Chenoweth, Madame Morrible, they're, — Menzel, Erivo, Grande, Cheekily, Kristin Organizations: Broadway, Emerald City, Shiz University, Entertainment Locations: Emerald, Emerald City, Erivo, Angeles
The Far East Shopping Center on Orchard Road in Singapore, on Thursday, April 11, 2024. Bloomberg | Bloomberg | Getty ImagesThe Far East Shopping Center along Singapore's Orchard Road has seen better days. Orchard Road, Singapore's main shopping street, is 2.2 km (1.3 miles) long but much of the activity takes place in the middle of the stretch as well as at selected malls linked via underground walkways to subway stations. Far East Shopping Center isn't connected to Orchard MRT unlike several of its neighbors. Two of the properties, the voco Orchard hotel and Forum The Shopping Mall, share some 180 meters of frontage along Orchard Road.
Persons: Ong Beng Seng, hasn't, CDL, Singapore's URA, URA, Richard Goh, Rasa Singapura, Sukanto Tanoto, Du Shuanghua, Jeremy Lake Organizations: Shopping, Bloomberg, Getty, Shopping Center, Singapore Botanic Gardens, Urban Redevelopment, Properties, Singapore, Developments, CDL Hospitality, Arts, CNBC, Singapore Botanic, Pacific Eagle, Food, Savills Singapore, Concorde Locations: Orchard, Singapore, Delfi Orchard, Istana Park, Canning, HPL
CNN —President-elect Donald Trump has selected Russell Vought as his pick to lead the Office of Management and Budget, he said in a Truth Social post. Vought was one of the key authors of Project 2025 – the conservative blueprint that Trump tried to distance himself from during the campaign. He was Trump’s former budget director during his first administration when Vought oversaw a widespread deregulation push. During Trump’s first administration, Vought made a name for himself as a policy wonk committed to the MAGA movement. Before serving as Trump’s budget director, Vought was the deputy director and later acting director of OMB.
Persons: Donald Trump, Russell Vought, Trump, ” Trump, MAGA, Vought, Mike Pence Organizations: CNN, Management, Budget, OMB, Center, CRA, Heritage Foundation, Trump –, Mandate, Leadership, Republican National Convention Locations: America
In today's big story, billionaire Ken Griffin has some advice for President-elect Donald Trump, including a suggestion for his Treasury pick . While speaking Thursday at the Economic Club of New York, Griffin said he appreciates the importance of those issues to Americans but said aggressive tactics to address them could make things work. Griffin is one of the biggest donors to the Republican Party, but declined to publicly endorse either presidential candidate this year. AdvertisementModeration hasn't been the name of the game for Trump with some of his proposed policies. AdvertisementHe said he'd be open to selling a minority stake in his hedge fund to the right partner.
Persons: it's, Ken Griffin, Donald Trump, Trump Ken Griffin, Mike Blake, Insider's Bradley Saacks, Michelle Abrego, Griffin, Manny Roman, Trump, Marc Rowan, Rowan, Alexander Tamargo, Thoma Bravo Griffin, he'd, Zalubowski, Chelsea Jia Feng, Elon, Paul, Tyson, Megyn Kelly, Tucker Carlson Ron Antonelli, Chip Somodevilla, Rebecca Zisser, Tucker Carlson, Bari Weiss, BI's Peter Kafka, Chris Balfe, Ridley Scott's, You've, Dan DeFrancesco, Jack Sommers, Grace Lett, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Treasury, Trump, Citadel, Milken, Global Conference, Reuters, Economic, of New, Republican Party, Citadel Securities, Sequoia, Millennium Management, BlackRock, Chelsea, Getty, Netflix, Bank of America, NY Daily, Fox News, Auto, Ford, GM, Volkswagen Locations: Beverly Hills , California, U.S, of New York, Montreal, New York, London, Chicago
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is saying it's incrementally more confident in growth outlook, says Goldman's Ben SniderBen Snider, Goldman Sachs senior equity strategist, joins 'Squawk on the Street' to discuss the Trump trade and his Fed and market outlook.
Persons: Goldman's Ben Snider Ben Snider, Goldman Sachs Organizations: Trump
While Wall Street is confident that there will be a continued boom under Trump, UBS GWM is less sure. "AI infrastructure spending remains robust, and we expect key semiconductor components needed for AI to remain supply constrained in 2025, supporting pricing," UBS GWM strategists wrote. "We believe investment-grade bonds offer attractive yields and expect mid-single-digit returns in US dollar terms," UBS GWM strategists wrote. "In 2025, we believe gold will remain an effective hedge against key political concerns, including government debt levels, inflation, or geopolitical tensions," UBS GWM strategists wrote. Residential and commercial properties both make sense, though UBS GWM specifically cited property types like logistics, data centers, and multifamily housing.
Persons: Donald Trump, Mark Haefele, UBS GWM, Haefele Organizations: UBS Global Wealth Management, UBS GWM, Trump, UBS, Technology, Utilities Locations: Japan
But TJ Maxx believes that Trump’s tariff plans will benefit the discount chain. TJX, the parent company of TJ Maxx, Marshalls and HomeGoods, said Wednesday that the “chaos” Trump’s tariffs may bring to the retail industry plays right into its business model. Tariffs are taxes placed on imported goods designed to protect domestic manufacturers. Unlike most brands and retailers, TJX says it only imports a small, undisclosed percentage of its merchandise from factories overseas. “In other words, even if prices do generally rise because of tariffs, TJX will still be relatively cheaper.”
Persons: Donald Trump’s, TJ Maxx, it’s, , Ernie Herrman, ” “ That’s, TJX, Trump, Herrman, Lowe’s, Steve Madden, John David Rainey, ” Neil Saunders Organizations: New, New York CNN — Companies, Marshalls, Companies, National Retail Federation, “ Manufacturers, Peterson Institute for International Economics, Walmart, CNBC, GlobalData, CNN, Locations: New York, HomeGoods, East, China, TJX
Precincts where Harris gained or lost votes compared with Biden in 2020 A New York City map full of inverted orange triangles indicating precincts where Ms. Harris lost votes compared with Mr. Biden in 2020. Precincts where Harris gained or lost votes compared with Biden in 2020 Map zooms to Corona in Queens, showing many inverted orange triangles indicating precincts where Ms. Harris lost votes compared with Mr. Biden in 2020. Precincts where Harris gained or lost votes compared with Biden in 2020 The map pans east to Flushing, where many inverted orange triangles indicate precincts where Ms. Harris lost votes compared with Mr. Biden in 2020. Precincts where Harris gained or lost votes compared with Biden in 2020 The map shifts to University Heights in the Bronx, where large orange inverted triangles indicate precincts where Ms. Harris lost votes compared with Mr. Biden in 2020. Precincts where Harris gained or lost votes compared with Biden in 2020 The map shifts to East Harlem in Manhattan, where large orange inverted triangles indicate precincts where Ms. Harris lost votes compared with Mr. Biden in 2020.
Persons: Donald J, Trump, George H.W, George H.W . Bush, Harris Trump, Red, Kamala Harris, Joseph R, Biden, Jr, Vincent M, Harris, Clinton Organizations: Bronx, Bronx MANHATTAN QUEENS Harris, Bronx MANHATTAN QUEENS Harris BROOKLYN STATEN ISLAND Bronx MANHATTAN QUEENS Trump BROOKLYN STATEN ISLAND Trump, Democrats, Republican, Democratic, New, Queens −, Brooklyn −, Manhattan, , Yorkers, Democratic Party, Heights, Borough Park, Mr, Harris, Harris Trump Borough Park, Corona, Queens, Harris Trump Locations: Bronx MANHATTAN, Bronx MANHATTAN QUEENS Harris BROOKLYN STATEN, New York City, George H.W ., Red Hook, Brooklyn, Riverdale, Bronx, Manhattan, Queens, York City, Corona, Flushing, Upper Manhattan, East Harlem, Harlem, Clinton Hill, Harris Trump, Woodhaven, Richmond Hill, Elmhurst, Gravesend, Heights, Tremont
Jaguar new logo Courtesy: JaguarLuxury carmaker Jaguar has defended a rebrand that drew widespread criticism on social media this week. In a release, Jaguar said the media showcased its "dramatic new creative philosophy," branded "Exuberant Modernism," which will "inspire future vehicles." Three new electric models are expected from the company in the coming years, including a four-door GT car expected to have a six-figure starting price. We wanted to move away from traditional automotive stereotypes," Jaguar managing director Rawdon Glover told the Financial Times in an interview published Friday. A parked car featuring the existing Jaguar logo pictured on Monday, January 25, 202.
Persons: Jaguar, Gary Jenkins, they've, Rawdon Glover, Glover Organizations: Tata Motors, Rover, Facebook, CNBC, Jaguar, Miami Art, Financial Times, Nurphoto, Getty
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