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☆ Dollar holds steady despite rate cut bets; Aussie rises after jobs data
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +3 min

The Aussie dollar surged after Australian employment beat forecasts, while the euro held steady ahead of the European Central Bank's (ECB) monetary policy decision later in the day. Markets have further trimmed back expectations for a December rate hike from the Bank of Japan after Bloomberg news reported Japan's central bank sees "little cost" to waiting. The Politburo on Monday vowed to switch to an "appropriately loose" monetary policy to spur economic growth. The Swiss franc traded at 0.88315 per dollar, with markets weighing the prospect of a half-point rate cut on Thursday from the Swiss National Bank. The dollar last fetched C$1.41435 after the Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday to help address slower growth.

Persons: Carol Kong, Traders, Sterling Organizations: U.S ., Treasury, U.S . Federal, Aussie, European, Bank's, Treasury Department, Fed, Commonwealth Bank of Australia, Bank of Japan, Bloomberg, Economic Work, Reuters, Swiss, Swiss National Bank, Bank of Canada Locations: U.S, China's, China

☆ Sempra CEO says investing in electricity is 'the critical success factor' to keep U.S. ahead on tech innovation
▼ + stars: | 2024-12-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Wednesday interview with CNCB's Jim Cramer, Sempra CEO Jeffrey Martin described why he thinks the U.S.'s energy production capabilities are essential for the country to sustain an edge in technological advances. "The critical success factor is, are we prepared to invest the capital to ramp up electricity production and expand and modernize the grid?" According to Martin, Sempra is well-positioned because of its market share in states like California and Texas. He said the company has a large LNG export facility and two more currently under construction. President Joe Biden in January paused approval for new LNG export projects, but the oil and gas industry largely expects President-elect Donald Trump to greenlight such efforts.

Persons: CNCB's Jim Cramer, Jeffrey Martin, Martin, Sempra, he's, Joe Biden, Donald Trump Locations: America, California, Texas

☆ Rocket Lab's CEO says being paranoid at work is his superpower — but it can come at a huge cost
▼ + stars: | 2024-12-11 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

Rocket Lab CEO Peter Beck views paranoia as a leadership superpower. Experts warn Beck's mindset may lead to burnout and a toxic work environment. AdvertisementThe founder and CEO of the aerospace company Rocket Lab told CNBC in an interview that going home and sleeping soundly every night "just doesn't seem a tangible possibility." "Rocket Lab will never have the capital that Jeff and Elon have," Beck told Bloomberg News in an interview. Lamb told BI that leaders who are always anxious about the next misstep may lose sight of their own well-being.

Persons: Peter Beck, Peter Beck doesn't, Heather Lamb, Beck, Elon Musk, Jeff Bezos, Elon, you've, Edel Holliday, Quinn, Breese Annable, Lamb, Annable, Holliday Organizations: Rocket, Rocket Lab, CNBC, Forbes, Elon, SpaceX, Jeff, Bloomberg News, Citi

☆ He built a $12 billion rocket company without a college degree—but has no desire to go to space: It wouldn't 'be very enjoyable'
▼ + stars: | 2024-12-11 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Rocket Lab CEO Peter Beck is perfectly content watching the rockets his company builds reach the heavens while his feet remain firmly planted on Earth. I just have a burning desire to create things to enable others to go to space," says Beck, 47. The native New Zealander launched Rocket Lab in 2006 with no college degree or space industry connections. But Beck insists he's not interested, citing one of the very traits that helped him successfully build his company: "a healthy degree of paranoia." He has "so much respect" for astronauts, particularly those with engineering backgrounds, who understand the danger of space travel and do it anyway, he says.

Persons: Peter Beck, Beck, Jeff Bezos, Richard Branson, he's, I'm Organizations: Rocket, New Zealander, Forbes Locations: , California

WASHINGTON — The Supreme Court on Tuesday will weigh the fate of an 88-mile railroad project that would transport crude oil in Utah as the justices consider a dispute over whether federal officials conducted a stringent enough environmental review before approving it. It is opposed by Eagle County, Colorado, which claims that it will suffer from downstream effects of the railroad, as well as environmental groups. The federal entity overseeing approval of the project, the Surface Transportation Board (STB), conducted an environmental review and subsequently gave it the green light to commence. The Biden administration has backed the coalition at the Supreme Court in arguing that the STB's review was sufficient. Lawyers for Eagle County said in court papers that the appeals court correctly concluded that the STB had not done a full analysis.

Persons: WASHINGTON —, Joe Biden, Biden, Elizabeth Prelogar, Neil Gorsuch, Philip Anschutz . Organizations: Seven County Infrastructure Coalition, Surface Transportation Board, ., Appeals, District of Columbia Circuit, Environmental, Eagle, STB, DHIP Group, Rio Grande Pacific Corp, Liberal, Anschutz Exploration Corp Locations: Utah, Uinta, Eagle County , Colorado, Louisiana, Texas, Eagle County, Colorado, Rio

☆ This is one of the most attractive places to earn income in 2025, according to Schwab
▼ + stars: | 2024-12-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Attractive yields and solid fundamentals make investment-grade corporate bonds one of the best investments for income investors in 2025, according to Schwab. However, company profits and balance sheets remain strong , Collin Martin, fixed income strategist at Schwab Center for Financial Research, said in an interview with CNBC. "You can earn higher yields with intermediate-term investment-grade corporates than what you can get with money market funds or Treasury bills." Total money market fund assets are sitting at $6.77 trillion, as of the week ended Dec. 4, according to the Investment Company Institute . However, short-term yields, like those in money market funds, are expected to decrease as the Federal Reserve lowers interest rates .

Persons: Schwab, Collin Martin, Martin, Trump, Kathy Jones Organizations: Schwab Center, Financial Research, CNBC, Corporate, SEC, Investment Company Institute, Federal Reserve, Bloomberg U.S, Federal, Washington D.C, Aggregate Bond Locations: Washington

☆ Loonie, Aussie in focus while U.S. dollar idles
▼ + stars: | 2024-12-09 | by ( ) www.cnbc.com time to read: +3 min

The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar's prospects. On the former, a quarter point cut by the ECB is baked in. The Canadian dollar is trading near a 4-1/2-year low as markets anticipate another outsized interest rate cut. Markets give a higher probability for a larger 50 basis point cut, and are even priming for negative interest rates by next year. While the case for the rate cut seems sealed, investors have one eye on U.S. consumer price inflation (CPI) data due this week.

Persons: Donald Trump, Morgan Stanley, China's, Chris Weston Organizations: Canadian, Federal Reserve, European Central Bank, Economic Work, ECB, The Bank of Canada, BoC, Reserve Bank of Australia, Swiss National Bank, Australian, Swiss, Fed, CPI, U.S Locations: Asia, China

☆ The ending of 'Black Doves' explained, as it leaves things open for Keira Knightley and Ben Whishaw's spies in season two
▼ + stars: | 2024-12-09 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Netflix's "Black Doves" follows a spy who seeks revenge when her lover is assassinated. AdvertisementNetflix's "Black Doves" is the latest buzzy espionage TV drama to get audiences talking in 2024 after the likes of "Slow Horses," "The Day of the Jackal," and "The Agency." Related storiesSam Young kills Trent Clark at the end of "Black Doves," putting a target on his own back. Ben Whishaw and Keira Knightley in the "Black Doves" season one ending. During a flashback to 2017, she chose to save Young's ex-boyfriend, Michael (Omari Douglas), instead of leaving the Black Doves while pregnant.

Persons: Keira Knightley, Helen Webb, Ben Whishaw, Sam Young, Jason Davies, Andrew Koji, Webb, she's, Young, Davies, Trent Clark, Angus Cooper, Clark, Chen, Andy Cheung, Kai, Ming, Isabella Wei, Webb , Young, steely, Alex Clark, Tracey Ullman, —, Alex, Joe Barton, Tudum, Young's, Michael, Omari Douglas, Barton, Sam, Hector Newman, Luther Ford, Lenny, Kathryn Hunter, Webb's, Wallace Webb, Andrew Buchan Organizations: London's, Bank, Netflix, Young Locations: London, Britain, That's

Rice–Eccles Stadium, an outdoor college football venue at the University of Utah in Salt Lake City, stands against a stunning mountain backdrop. The video game industry in Utah has become a powerhouse, growing more than 230% in the last decade and bringing in more than $2.3 billion in revenue last year. One of the key drivers behind the growth is the University of Utah's cutting-edge video game program. Inside a classroom in Salt Lake City, students here are immersed in studying video games — not just playing them, but also creating them, fueling an industry that has deep roots at the campus. In the Princeton Review's 2024 rankings for top game design schools, the University of Utah rose to No.

Persons: Rice –, —, Donald Mustard, Doug Bowser, Nolan Bushnell, Michael Young, America Nolan Bushnell, John Blackburn, Ed Catmull, Walt Disney Animation Studios Richard Evans Pioneer, Young, Pavlo Gonchar Organizations: University of Utah, University of Utah's, Epic Games, Nintendo, America, Atari, CNBC's, WB's Avalanche, Pixar, Walt Disney Animation Studios, Video, Princeton, Avalanche Software, WB, Inc, Getty Locations: Salt Lake City, CNBC's, Utah

☆ The Fed slashed interest rates, but some credit card APRs aren't going down. Here's why
▼ + stars: | 2024-12-09 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

"One of the unintended consequences of trying to impose limits on fees is that it often leads to higher rates," said Greg McBride, chief financial analyst at Bankrate.com. Card issuers are mitigating their exposure against borrowers who may fall behind on payments or default, he said. watch now"It doesn't surprise me that card issuers would try and get out in front of these changes," said Matt Schulz, LendingTree's chief credit analyst. "Rates are not going up on an existing balance," McBride said. However, credit card delinquency rates are already "elevated," with 8.8% of balances transitioning to delinquency over the last year, and the share of borrowers with revolving balances rising as more people rack up new debt over the holidays.

Persons: Grace Cary, Greg McBride, McBride, Matt Schulz, LendingTree's, Schulz Organizations: Consumer Financial, Federal Reserve Bank of New Locations: Federal Reserve Bank of New York

☆ Point72 founder and NY Mets owner Steve Cohen says it takes the same commitment to be an elite investor as it does a pro athlete
▼ + stars: | 2024-12-07 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

In a new podcast, billionaire Point72 founder Steve Cohen talks about the intangible values good investors have. Cohen, the owner of the MLB's New York Mets, spoke about how the level of discipline is similar to professional athletes. "The talent in this industry is exceptional," said Cohen, wearing a gray New York Mets pullover. It's why at Point72, Cohen said, "constant learning" is mandatory for any employee. Advertisement"This is pattern recognition and knowing what you're good at," he said about investing.

Persons: Steve Cohen, Cohen, Steve Cohen's, Harry Schwefel, Schwefel Organizations: New York Mets, Major League Baseball, Queens, Citadel, Training, Harvard Business School, Ivy League, Harvard's, MLB

☆ Keira Knightley's new Netflix spy series 'Black Doves' is a hit — and it's already set for another season. Here's what we know.
▼ + stars: | 2024-12-07 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Netflix's new thriller series "Black Doves" follows a spy who hunts for her lover's killer. The streaming service renewed "Black Doves" months before the first season premiered. AdvertisementNetflix's new series "Black Doves" is taking off on the streamer. Here's what we know about "Black Doves" season two. 'Black Doves' season 2 was confirmed in August 2024Ben Whishaw and Keira Knightley in Netflix's "Black Doves."

Persons: Keira Knightley, Ben Whishaw, Helen Webb, She's, Sam Young, she's, Webb, Young, Ludovic Robert, Jason Davies, Andrew Koji, Joe Barton, Barton, Helen, Bonnie Organizations: Rotten, Los Angeles Times, Netflix, Ireland Locations: London, Netflix's

☆ Miss America is embroiled in legal drama weeks before the 2025 competition
▼ + stars: | 2024-12-07 | by ( Samantha Grindell | Anneta Konstantinides | ) www.businessinsider.com time to read: +12 min

The Miss America Organization is in a legal battle just weeks before the 2025 competition. In a letter to Miss America board members, Straub wrote that Fleming was using the organization's scholarship fund to pay her legal fees, which was "putting Miss America in financial and legal jeopardy." Miss Colorado Madison Marsh has been crowned Miss America 2024. Courtesy of Robin FlemingFleming said she bought Miss America's assets on behalf of Miss America Competition, LLC and Miss America IP, Inc., using three documents created by Straub's attorney, Craig Galle, who she used at Straub's suggestion. Straub sent a letter to Miss America directors and licensees in late December 2022 stating that he had "purchased all the assets of the former Miss America Organization."

Persons: Robin Fleming, Glenn F, Straub, Fleming, Robin Fleming's, Gene Rossi, Madison Marsh, Glenn Straub, Miss Universe Organization Straub, Anne Jakrajutatip, Fleming texted Straub, Robin Fleming Fleming, Craig Galle, Shantel Krebs, Krebs, Miss America, Wayne Parry Fleming's, Miss America's, Israel, Hitler, Noam Galai, Kathleen A Organizations: Miss America Organization, Miss America, Business, Miss America Corporation, LLC, Miss, Madison, Houston, Palm, Palm Beach Polo Country Club, Miss Universe Organization, Miss America Competition, Inc, Small Business, AP, BI, Southern District of Locations: America, Palm Beach, Florida, Miss America, Galle, Palm Beach , Florida, Hamas, Southern District, Southern District of Florida

☆ My son's soccer team only won one game all season. I helped coach, and losing brought us closer together.
▼ + stars: | 2024-12-06 | by ( Tara Calihman | ) www.businessinsider.com time to read: +4 min

AdvertisementWhen my son asked to join a soccer team, I signed him up right away. I was asked to help coach the team, and though I knew nothing about the sport, I agreed. The team only won one game, but we all learned a lot about being resilient. Related VideoI was asked to help coach even though I knew nothing about soccerA few days after doing so, I received a call from the club's upper management. It turns out that soccer is an amazing game and one that I loved learning about over the course of the very long season.

Persons: I'd, Ted Lasso, wouldn't, —, Tara Calihman, bode Organizations: soccer

☆ Meta Platforms provides another reason to own oil-and-gas driller Coterra Energy
▼ + stars: | 2024-12-06 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Tech giants have increasingly set their long-term sights on nuclear power to fuel their artificial intelligence ambitions. Getting there will require more natural gas along the way — an incentive to stay invested in driller Coterra Energy . Indeed, the Facebook and Instagram parent on Tuesday released a request for proposals from nuclear energy developers. Meta said its goal is to add between 1 to 4 gigawatts of nuclear power in the U.S. beginning in the early 2030s. That will allow for more natural gas produced in the U.S. to be shipped around the world, particularly into Europe.

Persons: Entergy, Jim Cramer, Jim, Meta, Tom Jorden, There's, It's, …, Trump, Biden, Coterra, Instagram, Jim Cramer's, Meg Roussos Organizations: Tech, Coterra Energy, Meta, Microsoft, U.S, Facebook, Department of Energy, bottoming, CNBC, Bloomberg, Getty Locations: Louisiana, U.S, Pennsylvania, Department of Energy . Houston, Europe, Russia, Ukraine, Prineville , Oregon

☆ OpenWeb's ousted CEO who refused to quit speaks exclusively with BI about his battle with the board
▼ + stars: | 2024-12-05 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +11 min

Shoval's messy battle with the board goes publicTensions boiled over in mid-2024 when OpenWeb's board changed Shoval's reporting line, a move he felt breached his contract. Then the company announced to staffers that Shoval would be replaced with an interim CEO, OpenWeb's former chairman Tim Harvey. AdvertisementShoval made his dispute with the OpenWeb board public by posting on LinkedIn in October. His complaint argued that he should be reinstated as CEO and able to appoint two new board directors of his choosing. Kimberly White/Getty Images for TechCrunchShoval maintains that OpenWeb board meetings and decisions were conducted improperly and that he still has the right to appoint two new board directors of his choosing.

Persons: Nadav Shoval, Shoval, podcaster Scott Galloway, Tim Harvey, OpenWeb, Ariel Zimmerman, he's, Kimberly White, TechCrunch Shoval, Omer Cygler, — Galloway, Cygler —, Scott Galloway, cohost Kara Swisher, Andrew Harnik, it's Organizations: BI, BlackRock, Insight Partners, Georgian Partners, New York Times, NYU Stern, LinkedIn, Tel, New, Israel Defense Forces, Maglan, TechCrunch, Big Tech, Fox News, CNN, Yahoo, Lion Investments Locations: Shoval, OpenWeb, BlackRock, Tel Aviv, New York, New York City, San Francisco

☆ Financials could get a second wind, says strategist
▼ + stars: | 2024-12-05 | 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 EmailFinancials could get a second wind, says strategistCharles Schwab's Jeffrey Kleintop talks about how key sectors and the US economy as a whole are positioned as we head into the new year.

Persons: Charles Schwab's Jeffrey Kleintop

☆ The 10 most fun cities in the US, ranked
▼ + stars: | 2024-12-04 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +1 min

AdvertisementA WalletHub study ranked 182 of the most-populated cities in the US by how fun they are. So, if you're looking for a fun city to explore — or an exciting new place to ring in 2025 — WalletHub's latest report offers a look at 182 US cities ranked based on how fun they are. AdvertisementThe personal finance outlet first identified the 150 most-populated cities in the US, as well as at least two of each state's most-populated cities. Then, to measure "fun," it compared those cities across three categories: entertainment and recreation, nightlife and parties, and costs. AdvertisementFrom Las Vegas to New Orleans, here are the 10 most fun cities in the US, according to WalletHub.

Persons: it's, —, WalletHub, Chip Lupo Organizations: Las Vegas, Census Bureau, for Community, Economic Research Locations: Las, Vegas, New Orleans

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Roku, Salesforce, Marvell, Tesla, Amazon & more
▼ + stars: | 2024-12-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Wednesday's biggest calls on Wall Street: Bank of America reiterates Salesforce as buy The firm said Salesforce is still a top pick following earnings on Tuesday. Daiwa reiterates Nvidia as outperform The firm raised its price target on Nvidia to $160 per share from $125. Citi reiterates Marvell Technology as buy Citi raised its price target on the stock to $112 per share from $91. UBS initiates Gen Digital as buy UBS said the multinational software company has "double digit EPS growth" potential. "We are launching coverage on GEV with an OP rating and YE25 target price of $403.

Persons: Salesforce, Daiwa, Overachievement, KeyBanc, it's bullish, Trimble, Piper Sandler, Needham, Roku, Bernstein, Tesla, underperform Bernstein, Goldman Sachs, Goldman, Amazon, Jefferies, Wolfe, Evercore, Apple Organizations: Bank of America, Nvidia, Pinnacle, HSBC, Merck, Co, Fresenius, Novartis, JPMorgan, Piper, CTV, Citi, Marvell Technology, UBS, Gen Digital, GE Vernova, GE, Apple, JPMorgan downgrades, T Bank Locations: Arizona, Asia

☆ Amazon sued by DC attorney general for allegedly excluding neighborhoods from Prime delivery
▼ + stars: | 2024-12-04 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +5 min

Washington, D.C.'s attorney general sued Amazon on Wednesday, accusing the company of covertly depriving residents in certain ZIP codes in the nation's capital from access to Prime's high-speed delivery. "In the zip codes in question, there have been specific and targeted acts against drivers delivering Amazon packages. Data from the AG shows that before Amazon instituted the change, more than 72% of Prime packages in the two ZIP codes were delivered within two days of checkout. The ZIP codes in Schwalb's complaint are in areas with large Black populations, according to 2022 Census data based on its American Community Survey. According to Scwalb's complaint, Amazon never communicated the delivery exclusion to Prime members in the area.

Persons: Brian Schwalb, Schwalb, Steve Kelly, Kelly Organizations: Amazon, Amazon's, U.S . Postal Service, AG, Bloomberg, American, Survey, Federal Trade Commission, UPS, FedEx Locations: Atlanta, Chicago, Dallas, Washington

☆ 'Today' anchor Hoda Kotb says a former boss told her she might want to 'get on the treadmill'
▼ + stars: | 2024-12-04 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

During Monday's episode of "Today with Hoda and Jenna," Kotb recalled how her former boss had made comments about her weight when she was younger. And I played basketball in high school, so I always assumed I was in shape even though, literally, after college and stuff, I wasn't," Kotb told her cohost, Jenna Bush Hager. There are no federal laws that prohibit weight discrimination, although some cities in the US — such as San Francisco and Washington DC — have passed local laws banning weight discrimination. In 2023, New York City passed a law making weight discrimination illegal . AdvertisementMichigan was the first state to pass a law that prevents weight discrimination.

Persons: Kotb, Hoda Kotb, Hoda, Jenna, Jenna Bush Hager, they'll, Emily Capelli, Capelli Organizations: Society for Human Resource Management, Washington DC, Business Locations: San Francisco, New York City, Michigan

☆ Russia's sky-high interest rates will struggle to fight inflation in the sanctions-stricken economy, top Russian bank CEO says
▼ + stars: | 2024-12-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

AdvertisementRussia's interest rate hikes might not be an effective tool to fight inflation, the head of VTB bank said. The chief of VTB, Russia's second-largest bank, delivered the remarks after the Russian central bank raised its benchmark interest rate to 21% in October. High borrowing costs are the central bank's leading plan to curb stubborn price growth, with Russia's annual inflation rate approaching 8.7%. According to Carnegie Politika, it developed a proposal to give the government some oversight of monetary policy, pressuring the central bank to defend its approach. AdvertisementThe bank chief also predicted a slowdown in Russia's GDP growth to 1.9% next year, down from this year's government-estimated 3.9% expansion.

Persons: Russia's, Andrei Kostin, Kostin, Critics, Elvira Nabiullina Organizations: The Bank of, Reuters, Industrialists, Entrepreneurs, Carnegie Politika, Bank of Russia Locations: The Bank of Russia, Russian, Russia, Russian Union

☆ Modelo brewer Constellation Brands' sale of Svedka vodka is a positive move for the stock
▼ + stars: | 2024-12-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Constellation Brands ' decision to sell its Svedka vodka brand is a step in the right direction as the Modelo and Corona brewer focuses on its high-end businesses. The news Constellation said Tuesday it will sell Svedka to New Orleans-based Sazerac, which owns hundreds of brands from distilleries around the world. For all of fiscal 2025, Constellation expects wine and spirits to deliver a full-year net sales decline between 4% to 6%. STZ .SPX YTD mountain Constellation Brands YTD Big picture The Svedka transaction is part of management's "premiumization" strategy to reshape its wine and spirits portfolio. Constellation Brands Inc. Svedka vodka at a liquor store in the Upper East Side neighborhood of New York, US, on Friday, June 28, 2024.

Persons: Kim Crawford, Casa Noble, Mi Campo, Bernstein, Paul Masson, Clos, Gallo, Jim Cramer, Jim, Donald Trump, Morgan, Garth Hankinson, Jim Cramer's, Bing Guan Organizations: Constellation Brands, Modelo, Corona, Constellation, Clos du Bois, CNBC, Constellation Brands Inc, Bloomberg, Getty, & $ Locations: New Orleans, Corona, Pacifico, Mexico, U.S, New York

☆ A US ally in the Pacific spotted a Russian submarine in the contested South China Sea
▼ + stars: | 2024-12-03 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Philippines said it spotted a Russian submarine in the waters of the South China Sea last week. The Philippines said it spotted a Russian submarine in the South China Sea last week, in the latest sign of tensions in the contested waters. This latest incident comes as tensions in the South China Sea have escalated this year, especially between China and the Philippines, an ally the US is treaty-bound to defend. AdvertisementThe presence of a Russian submarine in the contested waters may be a Russian signal to the US, one analyst said. AdvertisementRussia conducted joint military drills with China in the South China Sea in July and September.

Persons: Ferdinand Marcos Jr, Kilo, Roy Vincent Trinidad, Hunter Marston, Eduardo Araral, Araral, Philippines Sari Arho Havrén Organizations: Armed Forces, Russian UFA, Philippine Navy, Inquirer, West Philippine, Facebook, TASS, Russian, Malaysian, Agence France, Presse, Australian National University, China, National University of Singapore, Strait Times, Pacific, Royal United Services Locations: Philippines, Russian, South, Russia, China, Vladivostok, Russia's Far, Malaysia, South China, Asia, Pacific, Philippine, Indonesian, Taiwan Strait

☆ Cramer calls Disney stock a 'great bargain' as CEO Bob Iger scores another big box office win
▼ + stars: | 2024-12-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Disney just broke some more box office records — signaling a blockbuster comeback that could fuel the company's revival and its stock price. That beat the $125 million Disney's "Frozen 2" made during its Thanksgiving weekend opening in 2019. Since opening, "Inside Out 2" has made nearly $1.7 billion worldwide and $653 million domestically, according to Box Office Mojo . After its box office struggles in recent years, Disney's current and upcoming slate indicates a turnaround is afoot. Disney CEO Bob Iger is laser-focused on restoring the magic of Disney's movies, Jim Cramer said Monday.

Persons: Dwayne, Johnson, Maui, King, —, Bob Iger, Jim Cramer, Iger, Jim, Jim Cramer's, Auliʻi, Moana, Disney Organizations: Disney, Paramount, Comcast, NBCUniversal, CNBC, Office Mojo, Management, DIS, ESPN, & $ Locations: Disney

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