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☆ Vanuatu calls on the World Court to recognize climate change harms
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

Regenvanu said there was an urgent need for a response to climate change that was rooted in international law rather than politics. Mario Tama / Getty Images filesWhile advisory opinions from the International Court of Justice or World Court are not binding, they are legally and politically significant. Experts say the court’s eventual opinion on climate change will probably be cited in climate change-driven lawsuits in courts from Europe to Latin America and beyond. “As judges of the World Court, you possess the power ... to help us course correct and renew hope in humanity’s ability to address the greatest challenge of our time,” she said. Earlier on Monday, Germany also argued that the obligations of states with regard to climate change were established in the Paris climate agreement.

Persons: “, ” Ralph Regenvanu, Regenvanu, ”, Mario Tama, Cynthia Houniuhi, Prince Jalawi Turki al Saud Organizations: Vanuatu, Monday, United Nations, International Court of Justice, Nations Locations: HAGUE, Netherlands, Vanuatu, Port Vila, Europe, Latin America, Solomon Islands, Saudi Arabia, Saudi, Germany, Paris, China, United States

☆ Taiwan’s president visits Marshall Islands on Pacific tour of diplomatic allies
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

Arriving in the Marshall Islands capital of Majuro, Lai referred to Taiwan’s indigenous inhabitants as sharing a culture with the Pacific Islands’ first settlers. “Taiwan and the Marshall Islands share a traditional Austronesia culture as well as the values of freedom and democracy,” he said in livestreamed remarks as he met President Hilda Heine. Later addressing Parliament, Lai offered financial support for the national airline to upgrade its aging fleet. “Taiwan will be happy to provide preferential loans to the Marshall Islands to purchase new aircraft for Air Marshall Islands to improve local air services,” he said. From the Marshall Islands he goes to Tuvalu for a brief trip, then a one-night stopover in the U.S. territory of Guam before going to Palau.

Persons: Lai Ching, Lai, ”, livestreamed, Hilda Heine, “, Han, Heine Organizations: Taiwan, Marshall, airline, Air Marshall Locations: Taiwan, Marshall, China, Majuro, “ Taiwan, United States, Hawaii, Tuvalu, U.S, Guam, Palau, Taipei

☆ Melbourne: The Australian city that became a global food and drink powerhouse
▼ + stars: | 2024-12-03 | by ( Joe Minihane | ) edition.cnn.com time to read: +9 min

It’s the great Australian city debate, one which pits the commerce, business and money of Sydney against cultural, arts-loving, coffee-drinking Melbourne. Chris Putnam/imageBROKER/ShutterstockThere’s no better way to start a trip to Melbourne than with a proper cup of coffee. The history of coffee in Melbourne goes back to the years after World War II, when Italian immigrants arrived and brought their machines with them. And it's not just coffee 06:24 - Source: CNNKate Reid is the best person to speak with about Melbourne’s coffee obsession. “Neighbours” is set in the fictional Melbourne suburb of Erinsborough, although the street is real, as is the connection to the city.

Persons: Chris Putnam, Lane, CNN Kate Reid, Lune Croissanterie, ”, Reid, “, It’s, that’s, Phillip, Phillip Island, Vivien Zajicek, Cyril Callister, Vegemite superfan Gina Gardenal, upsettingly, Gardenal, Sam Tabone, Kylie Minogue, Guy Pearce, Margot Robbie, Robbie, Amazon’s, CNN Lucinda Cowden, “ Melanie, Cowden, “ Melbourne’s, ” She’s Organizations: CNN, croissants, Little Penguins, Kangaroos, Sydney Opera House, Melbourne Cricket, Cyril, Neighbours Locations: Melbourne, Sydney, Australia, caffeinated Melbourne, Fitzroy, Paris, Phillip, Little, Australian, Uluru, Beaufort, Victoria, England, Champagne, Erinsborough, “, Harold’s

In 2024, the polls conducted in the last two weeks understated his support by 2.4 points on average. First, it’s possible that the polls — once again — failed to capture enough new voters or voters who changed their votes from backing Biden in 2020 to backing Trump in 2024. This is a statistical correction that pollster used this cycle to address the previous undercount of Trump voters. Properly understood, pre-election polls can play an important role in democracy by providing a sense of what outcomes seem possible. Instead, we should consider how we can use pre-election polls in ways that convey the electoral possibilities at play and better describe the uncertainties involved.

Persons: America’s, can’t, Donald Trump, pollsters, —, ’, pollsters ’, Wisconsin —, Trump, Biden, Nate Silver, It’s Organizations: NBC, Trump, Democratic, Biden, Trump voters, Gallup, Pew Research, American Association of Public Locations: “, New York, Texas, Wyoming, Nevada, Arizona, Georgia, North Carolina , Michigan, Nevada , Pennsylvania, Wisconsin, North Carolina, Michigan , Nevada , Pennsylvania, —

☆ Real estate tycoon must pay $9 billion to avoid execution in Vietnam
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

HANOI, Vietnam — A court in Vietnam on Tuesday upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal against a conviction for embezzlement and bribery in a high-profile $12 billion fraud case, state media reported. Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group, was sentenced to death in April for her role in what was Vietnam’s biggest financial fraud case on record. The High People’s Court in southern Ho Chi Minh City determined there was no basis to reduce Lan’s death sentence, reported online newspaper VnExpress. Documents reviewed by Reuters showed Vietnam’s central bank had as of April pumped $24 billion in “special loans” into SCB. Apart from the death sentence, Lan was handed a life sentence at a separate trial in October after being found guilty of obtaining property by fraud, money laundering and illegal cross-border money transfers.

Persons: Truong My Lan, Lan, Van Thinh, “, Vietnam’s cassation Organizations: Van Thinh Phat Holdings Group, Court, Reuters, Vietnam’s, Stock Commercial Bank, SCB Locations: HANOI, Vietnam, Ho Chi Minh City, Saigon

☆ Suspect arrested in 1997 cold case murder of New Jersey woman found in woods
▼ + stars: | 2024-12-03 | by ( Nbc New York | ) www.nbcnews.com time to read: +3 min

Decades after a woman was killed and her body was dumped in the woods of New Jersey, a suspect has been extradited from Canada to face murder charges, according to law enforcement. It was an ATV rider who had found Tignor’s body on the dirt access road that ended in a cul-de-sac, Somerset County Prosecutor John McDonald said. Bridgewater police and Somerset County investigators searched the woods for days, looking for any evidence or clues that could lead them to the killer. Tammy Tignor Somerset County Prosecutor's OfficeDNA evidence found on the Newark woman’s body provided no answers. A first-degree murder charge against Creter was authorized in May 2023, the prosecutor’s office said, but there was an issue: Creter had since moved to Winnipeg, Canada, in 2002.

Persons: Tammy Tignor, John McDonald, ”, Mike McLaughlin, Tignor, Robert Creter, Creter, McLaughlin, “, —, Creter’s, Patrick J, Callahan Organizations: ATV, Somerset, Somerset County, U.S . Department of State, Canadian, ” Prosecutors, New Jersey State Police, Creter Locations: New Jersey, Canada, Bridgewater, Washington Valley Park, Somerset County, Tammy Tignor Somerset, Newark, Somerset, Winnipeg, Somerville .

☆ Three climbers from the U.S. and Canada are missing on New Zealand’s tallest peak
▼ + stars: | 2024-12-03 | by ( Seyed Ismail Nafeesa | Seyed Ismail Nafeesa Is An Intern On Nbc News'S Asia Desk. | ) www.nbcnews.com time to read: +1 min

Three mountain climbers from the United States and Canada are missing after they did not return from their planned summit of New Zealand’s tallest mountain, Aoraki, officials said Tuesday. The Canadian national is not being named by New Zealand Police until his family is notified. The search for them began Monday after they failed to show up for their morning flight out, police said. They said they were working with the U.S. and Canadian embassies to inform and support the families of the three men. Aoraki, part of the Southern Alps mountain range that runs the length of New Zealand’s South Island, is a popular destination for advanced climbers but has challenging terrain.

Persons: Kurt Blair, Carlos Romero, Blair, Romero, Mount Cook Organizations: Canadian, New Zealand Police, Mountain Guides Association, . Police, U.S, Associated Press Locations: United States, Canada, Aoraki, Colorado, California, New, Southern

☆ States that have passed laws restricting gender-affirming care for trans youth
▼ + stars: | 2024-12-03 | by ( Annette Choi | ) edition.cnn.com time to read: +2 min

The case could have wide-reaching implications for transgender youth living in states that have passed similar laws. After the first gender-affirming care ban for minors became law in 2021, a flurry of states passed similar measures. While 19 states passed laws banning gender-affirming care for minors last year, 11 states and the District of Columbia passed “shield” laws protecting access to care. So far this year, Ohio, Wyoming, South Carolina and New Hampshire joined the list of states banning gender-affirming care for transgender youth. Not all laws banning gender-affirming care are currently being enforced.

Persons: Tennessee’s, Katie Hobbs Organizations: CNN, Movement Advancement, The Williams Institute, US, District of Columbia, New Hampshire, Democratic Locations: Ohio , Wyoming, South Carolina, New, Maine, Rhode, Arkansas, Montana ., United States, While Arizona

☆ U.S. announces new export controls on China’s chip industry
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves. Chinese companies facing new restrictions include nearly two dozen semiconductor companies, two investment companies and over 100 chipmaking tool makers. The companies include Swaysure Technology Co., Si’En Qingdao and Shenzhen Pensun Technology Co., which work with China’s Huawei Technologies. The telecommunications equipment leader has been hobbled by U.S. sanctions and is now at the center of China’s advanced chip production and development. However, it remains years behind chip industry leaders like Nvidia in AI chips and chip equipment maker ASML in the Netherlands.

Persons: Beijing’s, Biden, Donald Trump, Gina Raimondo, ”, Lam, Lin Jian, JAC, China’s, ASML Organizations: Monday, Naura Technology, ACM Research, SiCarrier Technology, ” Reuters, Lam Research, ASM International ., Swaysure Technology, Si’En, Shenzhen Pensun Technology, China’s Huawei Technologies, Semiconductor Manufacturing, Co, Capital, Wingtech Technology, JAC Capital, ”, U.S Locations: States, China, U.S, Singapore, Malaysia, Si’En Qingdao, Shenzhen, Netherlands, United States, Israel, South Korea, Taiwan, Japan

President-elect Donald Trump said Monday that he would block a Japanese company’s $15 billion bid to acquire U.S. Steel, a contentious deal that faces widespread political opposition. “I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump said in a late-night post on his Truth Social platform. A senior Nippon Steel executive told reporters last month that the company hoped to close the deal before Trump returns to the White House in January. The deal is also opposed by the powerful United Steelworkers union, though some other U.S. Steel employees support it. Trump said he would find a way to preserve U.S. Steel as it is.

Persons: Donald Trump, ” Trump, Joe Biden, Kamala Harris, Trump Organizations: U.S . Steel, Nippon Steel, Nippon Steel of, Trump’s Democratic, White, United Steelworkers, . Steel, ” Nippon Steel, U.S, Steel, Biden, Foreign Investment Locations: Nippon Steel of Japan, Pittsburgh, American, Japan, U.S, China, United States

☆ TikTok influencer who posted allegedly stolen Target haul arrested again in another alleged theft from the retailer
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +3 min

A Florida TikTok influencer arrested after she posted video of what authorities alleged was a haul of stolen Target items was arrested again and accused of shoplifting from the same retailer in at least one other instance, police said. A time code on video of her arrest posted by police on Facebook shows Velez was taken into custody Saturday. Police said that while she was in jail after that arrest, Velez was recorded on security cameras saying, "Lesson learned." Police said Velez told officers she didn’t recall committing theft at the store but admitted the person on security video was her. Furthermore, they said, a man who was with her had a distinctive tattoo that matched imagery of a tattoo seen on Velez's TikTok account.

Persons: influencer, Marlena Velez, Velez, didn’t Organizations: Facebook, Cape Coral Police Department, Cape Coral, Police Locations: Florida, Cape Coral, Tampa, Lee, Cape

☆ 'Wild childs': Republican senators brush aside Pete Hegseth misconduct allegations after meeting with him
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kate_Santaliz.Jpg | Kate Santaliz | ) www.nbcnews.com time to read: +5 min

Republican senators who met Monday with Pete Hegseth, President-elect Donald Trump’s pick for defense secretary, brushed aside sexual assault and other allegations against him. Sen. Cynthia Lummis, R-Wyo., called the allegations a “side issue” while lauding Hegseth’s ability to lead the Defense Department. Hegseth did not respond to shouted questions from NBC News about the New Yorker article and other allegations. Senators offered their full-throated support to Hegseth after the meeting, downplaying the accusations. The Trump transition team did not immediately respond to a request for comment on the Republican senators' remarks.

Persons: Pete Hegseth, Donald Trump’s, Sen, Cynthia Lummis, ” Lummis, Mike Lee, Hegseth, ”, “, Pete, he’s, Rick Scott, Lee, Ted Cruz, Cruz, Lummis, ” Hegseth, Shawn Ryan Organizations: Defense Department, Republican, Committee, Hegseth, Capitol, Army National Guard, Fox News, Yorker, NBC News, Trump, NBC, Pentagon, FBI, New York Times, Times Locations: Utah, Texas, California

A 30-year-old Hawaii woman at the center of a missing persons search in Los Angeles willfully crossed into Mexico, seemingly as part of her desire to "disconnect," police said Monday. He said that detectives can't say they're "100% right" about their determination but that they know she didn't have her phone after she left Los Angeles International Airport. That day, family members said, she sent messages that concerned them because of their content and a voice that didn't seem to match hers. McDonnell said Kobayashi was reported missing Nov. 13, but the LAPD took over the case on Nov. 15. The Los Angeles County medical examiner said Ryan Kobayashi, 58, died as a result of multiple blunt force trauma injuries.

Persons: Hannah Kobayashi, she's, Jim McDonnell, McDonnell, Kobayashi, Douglas Oldfield, misstated, Aunt Larie Pidgeon, Sydni Kobayashi, Hannah, Pidgeon, Relatives, Kobayashi's, they're, Ryan Kobayashi, they’ve Organizations: Los Angeles Police, Los Angeles International Airport, NBC Los, Los Angeles Police Commission, Los Angeles International Airport Police Department, FBI, Police, NBC, LAX Police, LAX, New York City's Museum of Modern, Metro, Facebook, Greyhound, LAPD, . Customs, Border, Prevention Locations: Hawaii, Angeles, Mexico, Maui, NBC Los Angeles, New York City, Los Angeles, Honolulu, New, New York, Grove, Beverly Grove, South Los Angeles, San Diego's San Ysidro

☆ Senate approves promotion for general involved in Afghanistan exit after a Republican blocked it
▼ + stars: | 2024-12-03 | 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: +1 min

WASHINGTON — The Senate voted Monday to approve the promotion of a general who oversaw troops during the U.S. withdrawal from Kabul, Afghanistan, after it had been blocked by a Republican senator aligned with President-elect Donald Trump. The Senate voted by unanimous consent, meaning all 100 senators agreed, to approve Army Lt. Gen. Christopher Donahue's promotion to four-star general to oversee U.S. Army forces in Europe. Sen Markwayne Mullin, R-Okla., had blocked Donahue’s promotion, NBC News reported last month, citing a Senate aide. Donahue, who was commander of the 82nd Airborne Division during the Kabul withdrawal in 2021, was the subject of a viral photograph as the last soldier to board a U.S. military plane out of Afghanistan. An inspector general's report in 2022 found that decisions by both Biden and Trump contributed to the troubled exit from Afghanistan.

Persons: WASHINGTON, Donald Trump, Christopher Donahue's, Sen Markwayne Mullin, Mullin, Trump, Mullin's, Donahue, Joe Biden's Organizations: Republican, The, U.S, Army, NBC News, 82nd Airborne Division, Republicans, Congress, Islamic, Biden Locations: Kabul, Afghanistan, Europe, U.S

The sweeping pardon means Hunter Biden won’t face any punishment for criminal convictions in two separate cases, one involving gun charges, the other tax evasion. “They took a gamble that didn’t play out as they hoped,” former Justice Department spokesman Anthony Coley said. If he follows through, Trump may try to blunt the fallout by invoking the Biden pardon. “Joe Biden's pardon of Hunter Biden proves President Trump's signature campaign promise to end the weaponization of our justice system needs to happen,” she said, adding: “President Trump has made that promise. A judge has already ruled there is no merit to the idea that Hunter Biden is a victim of selective prosecution.

Persons: Donald Trump, Joe Biden, Hunter Biden, Biden, ”, Sen, Joe Manchin, Tommy Tuberville, I'd, Trump, he’s, “, David Weiss, Anthony Coley, Ty Cobb, Karoline Leavitt, “ Joe Biden's, Trump's, He's, Chris Kofinis, MAGA, Pam Bondi, Robert H, Jackson, it’s Biden, Mark Scarsi, Hunter Biden “, it’s Trump, Greg Stanton, …, ” Sen, Gary Peters, It’s, Peters, Karine Jean, Pierre, Biden hadn't, Douglas Brinkley, there's Organizations: WASHINGTON, Trump, NBC, Justice, Democratic, Capitol, Trump White House, Fox News, “, Justice Department, Department, U.S, Prosecutors, District, Biden, Pew Research Center, Department of Justice, White, Air Force, Rice University presidential Locations: U.S, Delaware, crosshairs

☆ Rockefeller Christmas tree lighting 2024: When it is, how to watch and what to know
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +5 min

The holiday season seems to get real with the Christmas tree lighting ceremony at Rockefeller Center in New York City every year. Kelly Clarkson, the musician and host of a talk show taped at Rockefeller Center, will return to host the lighting ceremony and its television special, “Christmas in Rockefeller Center." There’s nothing like it in the world, especially the tree lighting ceremony." Workers install the Rockefeller Center Christmas tree in New York City on Nov. 9. It’s a 74-foot tall, 43-foot-wide Norway spruce from West Stockbridge, and it arrived at Rockefeller Center on Nov. 9, according to the website for Rockefeller Center.

Persons: Kelly Clarkson, Clarkson, Charlie Brown, Stephanie Keith, Peacock, Mario Lopez, Natalie Pasquarella, David Ushery, Navidades, ”, Daniel Libeskind, Jennifer Hudson, Dan, Shay, Megan Hilty, Thalia, Hoda Kotb, Al Roker, Craig Melvin, It’s, Earl Albert, Leslie, Albert Organizations: Rockefeller Center, New York City, Universal Studios, Workers, Rockefeller, NBC, Telemundo, National Weather Service, Backstreet Boys, Radio City, Radio City Music Hall, Savannah Guthrie, Habitat Locations: New York City, New York, Universal City , California, NBC New York, Massachusetts, Norway, West Stockbridge

☆ Trump says he’s going to Paris in his first trip abroad as president-elect
▼ + stars: | 2024-12-03 | by ( Zoë Richards | Olympia Sonnier | ) www.nbcnews.com time to read: +1 min

President-elect Donald Trump on Monday announced plans to travel to Paris this weekend in what would be his first trip overseas since his November election win. "President Emmanuel Macron has done a wonderful job ensuring that Notre Dame has been restored to its full level of glory, and even more so. The trip marks the president-elect's first known trip outside of the U.S. since May 2023, when he visited his golf properties in Ireland and Scotland. While restoration efforts will likely be ongoing for years, Notre Dame is set to welcome visitors on Dec. 7. French President Emmanuel Macron is expected to deliver remarks that day and attend the consecration of the altar during a Mass presided over by the Archbishop of Paris Laurent Ulrich on Dec. 8.

Persons: Donald Trump, Trump, Emmanuel Macron, elect's, Archbishop, Paris Laurent Ulrich Organizations: Monday, Notre Dame Cathedral, Notre Dame Locations: Paris, France, U.S, Ireland, Scotland

And the sleuths, who have aided in those cases, have identified hundreds more rioters who weren’t featured on the Capitol Violence page and may never face justice. "Old Double Shot" uses chemical spray on police at the U.S. Capitol on Jan 6, 2021. “Old Double Shot” is one of the sleuths’ earliest identifications; they say they gave it to the FBI more than 3½ years ago. His image did appear in another Jan. 6 affidavit, NBC News reported in February, but “Old Double Shot” has never been arrested. Images of “Old Double Shot” never appeared on the FBI’s Capitol Violence website, which typically features photos of persons of interest who haven’t yet been identified to the FBI.

Persons: Donald Trump, Jan, Trump, sleuths, ”, Michael Koetting, Springfield, haven’t, “, Enrique Tarrio Organizations: WASHINGTON, White, Justice Department, NBC, Capitol, FBI, NBC News, U.S . Capitol, U.S, District of Columbia, Tea Party, Trump, Koetting Insurance, BBC, “, Violence, Proud Boys Locations: Germantown , Illinois, “, Illinois

☆ 3 people killed when 8 shot at a gathering in Chicago's Gage Park neighborhood
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +1 min

Eight people were shot, three fatally, Monday afternoon during a "social gathering" at a residence in Chicago's Gage Park neighborhood, a police official said. Chicago Police Chief of Patrol John Hein said that the shooting happened while a social gathering was taking place. Police investigate multiple shootings in Chicago's Gage Park neighborhood on Monday. NBC ChicagoThe victims, four men and four women, are 20 to 35 years old, Hein said. All of the deceased were men, Hein said.

Persons: John Hein, Hein Organizations: Chicago Fire Department, NBC Chicago . Chicago Police, Police, NBC Chicago Locations: Chicago's Gage

☆ I moved from Toronto to NYC and have no plans to return to Canada. I prefer life in the US.
▼ + stars: | 2024-12-03 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +5 min

AdvertisementI moved from Canada to the US in 2010 and have no plans to return anytime soon. Canada's healthcare isn't as great as it soundsMy left-leaning American friends dream about moving north under the specter of a second Trump administration. At the same time, Canada's healthcare system experiences some of the longest wait times for "elective" procedures like knee replacements, and there's no way to skip the line, for better or worse. Why I'm staying in New YorkI'm not a fan of the direction American politics is taking. But thanks to the plentiful opportunities in New York and the lack thereof I see in Canada, I'm staying in the US.

Persons: they're, specter, Trump, I'm, you'll, haven't, It's Organizations: Canada, Bowdoin College, New Locations: Canada, Toronto, New York, New York City, Alabama, Ontario, Maine, PitchBook, Brooklyn

☆ All three of the last Intel CEOs have been more reactive than strategic: Dartmouth's Paul Argenti
▼ + stars: | 2024-12-03 | 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 EmailAll three of the last Intel CEOs have been more reactive than strategic: Dartmouth's Paul ArgentiPaul Argenti, Dartmouth Tuck School of Business professor, joins 'Squawk Box' to discuss the departure of Intel CEO Pat Gelsinger, what's next for the company, and more.

Persons: Paul Argenti Paul Argenti, Pat Gelsinger, what's Organizations: Intel, Dartmouth Tuck School of Business

☆ Banks hit credit card users with higher rates in response to regulation that may never arrive
▼ + stars: | 2024-12-03 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

In this article SYFBFHJPMBARC-GBCCOF Follow your favorite stocks CREATE FREE ACCOUNTA customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Synchrony and Bread raised the annual percentage rates, or APRs, on their portfolios by an average of 3 to 5 percentage points, according to Sakhrani. Some pain, no gainThe CFPB says the credit card industry profits off borrowers with low credit scores by charging them onerous penalties. In March, the agency introduced a rule to cap late fees at $8 per incident, down from an average of about $32. While the rule is currently held up in courts, card users are already dealing with the higher borrowing costs and fees attributed to the regulation.

Persons: Robert Nickelsberg, Banks, Sanjay Sakhrani, Perry Beberman, We've, Beberman, Athleta Organizations: Getty, Verizon, JCPenney, Consumer Financial, CNBC, U.S . Chamber of Commerce, Federal Reserve Bank of New, Citigroup, Barclays, JPMorgan Chase, American Express, Banana Locations: New York City, Federal Reserve Bank of New York, Stamford , Connecticut, Banana Republic

☆ Amazon Pharmacy VP: Trying to make it easier for patients to get medication
▼ + stars: | 2024-12-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon Pharmacy VP: Trying to make it easier for patients to get medicationJohn Love, Amazon Pharmacy VP, joins 'Money Movers' to discuss how Amazon's pharmacy business is performing right now, how to recreate the intimacy between a pharmacist and a client, and much more.

Persons: John Love Organizations: Amazon Pharmacy

☆ Bank of America's 2025 forecast is rosy but has some caveats. Here's its outlook for inflation, GDP, and rate cuts.
▼ + stars: | 2024-12-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Interest rate cuts are expected in December, March, and June, reaching a 3.75% to 4% terminal rate. Things are looking up for the economy next year, according to Bank of America's forecast for 2025. AdvertisementRegarding interest rate cuts, the bank expects three more for this cycle in December, March, and June. "In terms of the structural tailwinds, the key story really is productivity," Bhave said. We're now on a faster trend for growth rate since the start of the pandemic than we were in the previous cycle, which is really quite remarkable."

Persons: they're, Aditya Bhave, Bhave, We're Organizations: Bank of America, Productivity, Bank of, PCE, Fed Locations: China

☆ Trump cites Hunter Biden pardon in latest legal attempt to throw out hush money conviction
▼ + stars: | 2024-12-03 | by ( Paula Reid | ) edition.cnn.com time to read: +3 min

CNN —Defense lawyers for President-elect Donald Trump are using President Joe Biden’s pardon of his son Hunter to argue that Trump’s conviction in his Manhattan hush money case should be dismissed. “Yesterday in issuing a 10 year pardon to Hunter Biden that covers any and all crimes whether charged or uncharged, President Biden asserted that his son was ‘selectively, and unfairly prosecuted’ and ‘treated differently,’” Trump lawyers wrote in a motion filed Monday. Trump’s lawyers also want the conviction dismissed, but the DA’s office says it will oppose any effort to toss the case. In addition to the pardon argument, Trump’s attorneys also told the judge that his case should be dismissed given his reelection last month. “Even (Smith) has been forced to concede, by DOJ’s Office of Legal Counsel (‘OLC’ ), that President Trump’s status as President-elect mandates dismissal of the unjust prosecutions pending against him,” they wrote.

Persons: Donald Trump, Joe Biden’s, Hunter, Hunter Biden, Biden, ‘, ’, ” Trump, – Todd Blanche, Emil Bove –, Alvin Bragg, ”, Trump, Stormy Daniels, Juan Merchan, Trump’s, Jack Smith’s, Smith, “, CNN’s Devan Cole Organizations: CNN — Defense, Department, Justice Department, New, Trump, DOJ’s, Legal Locations: Manhattan, New York

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