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Jens Schlueter | Afp | Getty ImagesA perfect storm of challenges for the European automobile industry shows no sign of letting up, analysts say. It is against this backdrop, analysts say, that the industry will be bracing for a bumpy ride next year. What next for Europe's car giants? We expect more noise of potential policy implications in the US, further restructuring announcements in Europe, muted demand ex China and pricing to soften," they added. It was hoped at the time that the new models could represent a turning point for the region's auto industry.
Persons: Jens Schlueter, Julia Poliscanova, Poliscanova, Environment's Poliscanova, France's, I'm, Rico, Rico Luman, Luman Organizations: Volkswagen, VW, Works, Afp, Getty, Transport, Environment, CNBC, European Automobile Manufacturers ' Association, BMW, Ferrari, Renault, Volvo, EU, European, Mercedes, Stellantis, France's Renault, ING Milan, Deutsche Bank, Rico, ING, Europe's, Paris Locations: Zwickau, Germany, China, Europe, Rico Luman, Munich, U.S, Shenyang, China's, Liaoning
Investors looking for the next big technology trend may want to keep an eye on quantum computing stocks. A qubit, or quantum bit, is a unit used to encode data in such computers. The breakthrough from Google lifted other quantum computing stocks , including little-known contender Rigetti Computing . Quantum computing is no new phenomenon, but it is gaining importance as larger and larger swaths of data are processed to train large language models. EMJ Capital's Eric Jackson called it the "next big theme" in a post on social media platform X, saying that he's long Rigetti Computing and sees a "big opportunity" ahead for the company.
Persons: Capital's Eric Jackson, Management's Paul Meeks Organizations: Google, Rigetti, Nvidia
British Airways told customers on X it faced "baggage disruption" due to a fault at London Heathrow. An aviation news site reported BA warned crews against checking bags due to the baggage system fault. Some flight crews have been advised not to check bags amid a system fault at Europe's busiest airport, aviation news site Paddle Your Own Kanoo reported. Demi — British Airways (@British_Airways) December 10, 2024PYOK reported that British Airways also told pilots and cabin crew not to check luggage due to the fault at Terminal 5. London Heathrow Airport did not immediately respond to a request for comment.
Persons: it's, Demi —, PYOK Organizations: British Airways, Heathrow, London, Demi — British Airways, Heathrow Airport, Business Locations: London, Heathrow, Dubai
The US shot down a ballistic missile for the first time from Guam in a major test this week. AdvertisementThe US Missile Defense Agency said on Tuesday that during the FEM-02 test, it "successfully conducted a live intercept of a ballistic missile target." The SM-3, which costs nearly $30 million, then struck an air-dropped medium-range ballistic missile target off the coast from Guam's Andersen Air Force Base. Related VideoThe Aegis Guam System, made by defense contractor Lockheed Martin, consists of an integrated AN/TPY-6 and vertical launch system based on the Mark 41 shipborne missile system. China's People's Liberation Army Rocket Force boasts thousands of missiles, including the DF-26, a solid-fueled intermediate-range ballistic missile.
Persons: Lockheed Martin, Lockheed, Greg Huffman, it's Organizations: Pentagon, Missile Defense Agency, RIM, RTX, Mitsubishi Heavy Industries, Aegis Guam, Guam's Andersen Air Force Base, Department of Defense, Aegis, AGS, Task Force, MDA, Guam Defense, DoD, China, Andersen Air Force Base, . Missile Defense Agency, Army Rocket Force, DF, United Locations: Guam, China, Guam's, Middle East, Aegis Guam, Micronesia, Beijing
I started sleeping with a baby monitor, so my parents could keep an eye on me just in case. AdvertisementI slept with a baby monitor for safetyThey recommended I sleep with a baby monitor so I didn't have to host sleepovers with my mom every night. I had high school friends and boyfriends, sang in the shower, and lived like a normal teenager, the baby monitor always listening on my bedside table. AdvertisementIn the months leading up to my departure for college, the conversation of tossing the baby monitor arose. Now, at 28, I'm still seizure-free, on medication, and without a baby monitor.
Persons: I'm, I've Locations: Colorado, Leadville
China's exports grew 6.7% in November, hitting $312 billion, despite economic challenges. The growth reverses last year's decline, driven by strong global demand and frontloaded orders. It's been a difficult year for China's economy, but the country is still expected to hit its GDP growth target, thanks to strong global demand for its exports. AdvertisementIn November, China's exports grew 6.7% from a year ago to $312 billion — the highest level since September 2022, per official data released on Tuesday. However, given that China's exports in November were strong due to stockpiling, its upside could be short-lived — especially as global demand slows.
Persons: It's, Donald Trump's, Lynn Song, Trump, Trump's, Ting Lu, Lu Organizations: Trump, BofA Securities, ING, Beijing, , Economic Work, Xinhua, Markets Locations: Beijing, China, Xinhua
Courtesy of Chloé Skye WeiserWinter is a great excuse to visit nearby towns for a change of scenery. Courtesy of Chloé Skye WeiserCreating and keeping rituals helps cultivate a feeling of coziness. Vinterbadning, or winterbathing, is a tradition where Danes alternate dips in cold water with stints in the sauna. I first learned about it on Archipelago, a podcast hosted by James Clasper, a fellow expat in Denmark. Courtesy of Chloé Skye Weiser
Persons: I've, Year's, Skye Weiser, Danes, it's, we've, James Clasper Organizations: Danish Celiac Association, Dansk, Association, Odense — Locations: Odense, Danish, Funen, Denmark, Vejle, Copenhagen
GE Vernova — The energy equipment maker fell 2.4% after it issued weaker-than-expected full-year revenue guidance for both the 2024 and 2025 fiscal years. GE Vernova also announced it would initiate a dividend of 25 cents per share and an initial $6 billion share repurchase authorization. Duolingo — Shares of the language learning company slipped by about 2% after a downgrade to neutral from buy at Bank of America. GameStop — The video game retailer saw shares rising more than 3% in premarket trading after the firm reported an unexpected profit in the latest quarter. Stitch Fix also raised the top end of its full-year revenue outlook and now expects $1.14 billion to $1.18 billion.
Persons: GE Vernova, Buster's, Duolingo, FactSet, General Motors, Bausch, Yun Li, Lisa Kailai Han, Hakyung Kim, Michelle Fox, Samantha Subin, Jesse Pound, Spencer Kimball Organizations: GE, Bank of America, GameStop, Google, Patterson, , Patient Square Capital, General, GM, Citigroup, JPMorgan Locations: Detroit, Stifel
Egg prices jumped about 8% in the month alone and are up 38% over the past year, according to CPI data. "We saw a bounce back in food prices," Zandi said. Food prices are generally volatile, so one month of elevated grocery inflation data should not set off alarm bells, Zandi said. Vehicle prices and airfare are big components of the transportation category. Actual fares are roughly where they were before the Covid-19 pandemic, according to CPI data.
Persons: Mark Zandi, Zandi, Joe Seydl, Rick Rieder, Seydl Organizations: Getty, of Labor Statistics, Morgan Private Bank, U.S . Federal Reserve, Finance, Labor Locations: U.S
Whatever the reason, my 2-year-old recently had a sleep regression and started waking up several times each night. AdvertisementWhile she returned to bed, I had a hard time falling back to sleep and, after a week, felt exhausted. I've never understood that — I don't feel guilty for taking care of myself. I checked the sleep report that the smart bed automatically sent me and was thrilled that I had slept nearly 10 hours. While going on a glorious sleep-cation and getting 10 hours of restorative sleep won't entirely eliminate the damage of a sleep debt, it does help.
Persons: I've,
Elon Musk and Vivek Ramaswamy, co-heads of DOGE, have expressed admiration for Milei's policies. When Milei took over in December 2023, Argentina's inflation stood at 25.5%, while economic activity had fallen 4.5% year over year. AdvertisementArgentina's inflation rate dropped to 2.7% this October — the lowest level in three years, according to the predicting market website Kalshi. AdvertisementHowever, Facundo Nejamkis, director of Opina Argentina, a political consultancy firm, told Reuters that Milei's cuts have ignited a "major" recession. AdvertisementIn the first five months of 2024, Argentina's government achieved a primary fiscal surplus of 1.1% of GDP — its first in 12 years.
Persons: Javier Milei, Elon Musk, Vivek Ramaswamy, Milei, Donald Trump, Musk, Ramaswamy, Ignacio Labaqui, Facundo Nejamkis, Maria Victoria Murillo, Juan Cruz Díaz, Cruz Díaz Organizations: Elon, firebrand, Medley Global, Reuters, BBVA, Institute of Latin American Studies, Columbia University, Argentine, Global, BBVA Research, Cefeidas Group, Ramaswamy Locations: Argentina
Self-made billionaire Mark Cuban's morning routine is simpler than you might think. "A lot of people ask about my daily routine, and you're going to be shocked," Cuban told People in a video interview that published last week. "[I] look at my phone or I'm looking at a laptop and I'm on there, eight, nine, 10 hours a day." His day job today involves running one of the companies he founded, a pharmaceutical startup called Cost Plus Drugs. Starting your day with emails and texts isn't always beneficial to your mental health, psychology researcher Nicola Hughes told CNBC Make It in 2018.
Persons: Mark Cuban's, Trevor Noah, Cuban, Nicola Hughes Organizations: CNBC, Cuban
Oil prices rose slightly early on Wednesday, with market participants expecting to see demand rising in China next year after Beijing announced a looser monetary policy to stimulate economic growth. China said on Monday it would adopt "appropriately loose" monetary policy in 2025 as Beijing tries to spur its economy with the first easing of its stance in 14 years. In the U.S., crude oil and fuel stocks rose last week, market sources said on Tuesday, citing American Petroleum Institute figures on Tuesday. Gasoline inventories rose by 2.85 million barrels, and distillate stocks rose by 2.45 million barrels, they said. Official data on oil stocks from the U.S. Energy Information Administration is due on Wednesday at 10:30 a.m.
Persons: Mukesh Sahdev Organizations: Beijing, Brent, U.S, West Texas, Trump, Rystad Energy, American Petroleum Institute, U.S . Energy, Administration, Reuters Locations: Seminole , TX, U.S, China, Beijing
As our Meta (META) trade from early November approaches expiration with 77% of the maximum profit captured, we are rolling the position to maintain our bullish exposure. This combination of superior growth and profitability at a valuation discount makes META a compelling investment with significant upside potential. Given the strong technical breakout, exceptional fundamentals, and META's innovation leadership, this trade allows us to continue generating income on META. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Organizations: Orion, Apple, Facebook, CNBC, NBC UNIVERSAL
I attended Art Basel Miami Beach for the first time from December 6 to 8. This article is part of BI's 2024 Art Basel series, taking you inside the art fair's global scene. Based on my research, I knew that Art Basel Miami Beach would be equal parts exciting and overwhelming. Bridget Finn, the director of Art Basel Miami Beach, previously told me that she believes this event is "often the platform where new trends in art appear." From cool installations to lively social gatherings, here are some of the top highlights from my weekend at Art Basel Miami Beach.
Persons: Bridget Finn Organizations: Art Basel Miami Beach, Business, Service, Miami Beach Convention Locations: Basel, Miami
GE Vernova — Shares of the energy equipment maker jumped more than 6% after announcing it would initiate a dividend of 25 cents per share and an initial $6 billion share repurchase authorization. Dave & Buster's posted a loss of 84 cents per share on revenue of $453 million for the third quarter. Analysts surveyed by LSEG anticipated a loss of 37 cents a share and $466 million in revenue. Patterson — The dental and animal health company soared 34% on the back of news that Patterson would be acquired by Patient Square Capital . Stitch Fix — Shares surged 44% after the online personal styling company raised its fiscal second-quarter revenue outlook.
Persons: Pinjalim Bora, Macy's, GE Vernova, Chris Morris, Buster's, LSEG, Duolingo, Patterson, General Motors, Bausch, Merrell, Krispy, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Sarah Min, Pia Singh Organizations: Broadcom, Apple, JPMorgan, GE, Buster's Entertainment, Dave, Bank of America, GameStop, Patient Square, General, Citi, Stifel, JetBlue —, Street, Story3 Capital Partners, U.S . Pharmacy, CVS Health, Senate Locations: Detroit, U.S
Market moves: Tech stock strength on Wednesday pushed the Nasdaq up nearly 2% and above 20,000 for the first time ever. Both of the Club stocks made a strong move higher Wednesday, with Krispy Kreme revealing that it was hacked bringing further attention to the cybersecurity stocks. 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.
Persons: Jim Cramer, Dow, Tesla, Thursday's, Eli Lilly, Wells, Charlie Scharf, Goldman Sachs, Scharf, Jim Cramer's, Donald Trump, haven't, Krispy, we'll, Jim Organizations: CNBC, Wednesday, Nasdaq, Dow, Apple, Broadcom, Myers Squibb, Utilities, Federal Reserve, Fed, Bank, Financial Services Conference, Palo Alto Networks, Club, Adobe, Jim Cramer's Charitable Locations: Bristol, U.S, Wells Fargo, Palo
If you blinked, you may have missed it, but on Friday, the S & P 500 hit 6,099.97 – the highest level in its history. Let's remember how things looked and felt back in January when the S & P 500 first approached the 4,800 zone. The S & P 500 rallied for the next three weeks, which created a necessary cushion and gave us additional confidence that it could be achieved. Just how important has it been for the S & P 500 to keep forming and breaking out of bullish patterns? Here's a YouTube video we recorded this week about S & P 500 6,100.
Persons: it's, We're, We'll, hasn't, Frank Cappelleri Organizations: CNBC, NBC UNIVERSAL Locations: CappThesis
Inflation ticked up in November as expected
  + stars: | 2024-12-11 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +2 min
Inflation increased as expected in November. The Federal Reserve will likely decide to cut interest rates in the last FOMC meeting of the year next week. AdvertisementThe consumer price index increased 2.7% from a year ago as expected, higher than October's 2.6% rate and the highest reading since July, when the rate was 2.9%. jumped, then policymakers at the Federal Reserve will start to look at the US economy with a bit more caution," Colyar said. AdvertisementCME FedWatch showed after the new inflation data was published traders expected a nearly 100% chance of an interest rate cut of 25 basis points next week, up from a nearly 90% chance before the report.
Persons: Matt Colyar, Colyar, Cory Stahle, Stahle Organizations: Federal Reserve, Moody's, Federal
The stock market rally still has room to run, but 2025 will not be as rewarding to investors as the prior two years, according to Fundstrat's Tom Lee. Lee projects the S & P 500 rallying about 16% rally from here to 7,000 by the middle of 2025. .SPX YTD mountain The S & P 500 has gained more than 26% this year, breaking above the 6,000 level. The S & P 500 is up more than 26% in 2024, its second-straight year with a gain of more than 20%. Fundstrat and Lee gained prominence in 2020, when he correctly called for a rebound rally after the pandemic-related sell-off early that year.
Persons: Tom Lee, Lee, Trump, Bitcoin, Fundstrat Organizations: Federal Reserve, JPMorgan
Albertsons is terminating an attempted takeover by Kroger a day after a federal judge blocked the deal. The suit marks a decisive end to the largest proposed supermarket merger in US history. AdvertisementAlbertsons said Wednesday that it is terminating Kroger's attempted $24.6 billion acquisition, a day after a federal judge blocked the deal due to antitrust concerns. Albertsons' Moriarty called Kroger's approach to getting regulatory approval "willfully deficient" and said the suit is intended to "protect the interests of our shareholders, associates, and consumers." The suit marks a decisive end of the largest proposed supermarket merger in US history, which faced challenges from the Federal Trade Commission and two US court cases.
Persons: Kroger, Tom Moriarty, Albertsons, Moriarty Organizations: Albertsons, Kroger, Federal Trade Commission Locations: Delaware, Washington
The week of action also saw the highest-scoring game of the season and plenty of players hit historic milestones. Here are the main takeaways from the past week in the National Football League. The ‘igniter’ leading the LA Rams to the playoffs? However, the pair returned in Week 8, and since then, the Rams have gotten back on track. I thought all our guys at the skill spots did a really nice job.”Nacua could prove vital if the Rams hope to reach the playoffs.
Persons: Issues, Xavier Legette, would’ve, Jalen, Saquon Barkley, Brown, ” Brown, Terrance Williams, Brandon Graham, 94WIP, Graham, ” Graham, , Nick Sirianni, ” Sirianni, , Puka, spraining, Cooper Kupp, LA’s, Nacua, Matthew Stafford, , Katelyn Mulcahy, Kyren Williams, Stafford, Josh Allen, Sean McVay, ” McVay, Igniter, he’s, McVay, ” Nacua Organizations: CNN, Cleveland Browns, Tennessee Titans, New York Jets, Jets, National Football League, Philadelphia Eagles, Carolina Panthers, Philly, Eagles, ESPN, , LA Rams, NFL, Los Angeles Rams, BYU, PCL, Rams, Buffalo Bills, ” Rams, Bills, Los Angeles, Green Bay Packers, Detroit Lions Sunday New York Jets, Miami Dolphins Atlanta Falcons, Minnesota Vikings New Orleans Saints, New York Giants Carolina Panthers, Philadelphia Eagles Cleveland Browns, Pittsburgh Steelers Las Vegas Raiders, Tampa Bay Buccaneers Jacksonville Jaguars, Tennessee Titans Seattle Seahawks, Arizona Cardinals Buffalo Bills, Los Angeles Rams Chicago Bears, San Francisco 49ers Los Angeles Chargers, Kansas City Chiefs Monday Cincinnati Bengals, Dallas Cowboys Locations: Philadelphia, City
Though these institutions were never built, crates of looted books were sent to sorting centers to be processed – often by forced Jewish labor. Diane Mizrachi, a librarian at UCLA, knew virtually nothing of the looted books until 2020, when she received an unexpected email. Jewish Museum Prague“I see it as a moral and ethical issue,” she added. Some of the looted books returned by UCLA to the Jewish Museum in Prague Shannon Tanhayi Ahari/UCLA LibraryThe process of recovering them is, therefore, not straightforward. The new exhibition features some of the looted books.
Persons: Adolf Hitler’s, Samuel Blinder, Diane Mizrachi, Mizrachi, , , , , ” Mizrachi, , I’m, it’s, Michal Bušek, Prague Shannon Tanhayi Ahari, Bušek, Irene Aue, David, Leo Baeck Organizations: US, UCLA, Jewish Museum, Jewish, Community, Nazis, CNN, , Lost, University Library Frankfurt, Higher Institute for Jewish Studies, Leo Baeck Institute, Association of Locations: Europe, Prague, Czech, North America, Israel, Nazi, Bohemia, Moravia, Germany, Berlin, Ben, Jerusalem, United Kingdom
If you’re feeling overwhelmed by gift giving this holiday season, adopting Blumenthaler’s approach of eliminating or even limiting gift exchanges in favor of shared experiences might help create new holiday traditions. But gift giving doesn’t always create the desired outcome for the giver and recipient. Some people have eliminated gift giving entirely, shifting their focus to shared experiences such as traveling, donating to charitable organizations or both. “There are reasons that people could say no to gift giving that help us refocus on the relationships,” Ward said. “Research says accompanying a holiday gift with a letter that talks about the relationship can be equally or more rewarding than just giving a gift,” Ward said.
Persons: Alex Blumenthaler, ” Blumenthaler, , Morgan Ward, doesn’t, , Diane Gottsman, ” Ward, ” Gottsman, Gottsman, Ward Organizations: CNN, Emory, Goizueta Business School, Protocol, of Texas Locations: Atlanta
There are some Christmas traditions in England that might confuse people from the US. Christmas pudding, a popular holiday dessert in the UK, is probably unfamiliar to most Americans. Richard Stonehouse/ Getty ImagesIn the UK, you're likely to hear "Happy Christmas" instead of "Merry Christmas," and "Father Christmas" instead of "Santa Claus." Gideon Mendel/Corbis/Getty ImagesOne of the more confusing British holiday traditions (for Americans at least) is pantomime, which are over-the-top musical comedies based on famous fairy tales. Daniel Kaesler / EyeEm / Getty ImagesAnother difference between US and UK Christmas customs comes after all of the festivities have ended.
Persons: Richard Stonehouse, Gideon Mendel, Corbis, John Lewis, Sainsbury, they're, it's, Queen Elizabeth II, King Charles III, Jonathan Brady, King George V, Daniel Kaesler, Jesus, Read Organizations: BBC America, Tesco, Pops, BBC, Buckingham Palace Locations: England, United States, United Kingdom, Santa Claus, British, Singapore, South Africa, Buckingham
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